AB Municipal Income California C (ACACX)
| Fund Assets | 1.24B |
| Expense Ratio | 1.50% |
| Min. Investment | $2,500 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 2.50% |
| Dividend Growth | 8.60% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 10.55 |
| YTD Return | 1.51% |
| 1-Year Return | 0.99% |
| 5-Year Return | 2.43% |
| 52-Week Low | 10.02 |
| 52-Week High | 10.69 |
| Beta (5Y) | n/a |
| Holdings | 400 |
| Inception Date | May 3, 1993 |
About ACACX
AB Municipal Income Fund – California Portfolio Class C is a tax-exempt municipal bond mutual fund focused on generating high current income free from U.S. federal and California state income taxes. The fund primarily invests in investment-grade California municipal securities, with selective exposure to high-yield bonds in a core-plus framework. It targets the intermediate portion of the yield curve to manage interest-rate risk, aligning with the Muni California Intermediate category’s typical duration and maturity profile. The portfolio finances essential public projects across the state—such as infrastructure, education, and healthcare—providing diversified exposure to California’s municipal credit market. Managed by AllianceBernstein’s fixed-income team, the strategy emphasizes diversified credit selection and risk controls while maintaining at least 80% of assets in California municipal debt. Within the market, it serves investors seeking state-specific, tax-advantaged income and a dedicated allocation to municipal bonds, offering a vehicle that balances income generation with measured interest-rate sensitivity and municipal credit risk.
Performance
ACACX had a total return of 0.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.37%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCMAX | Fidelity | Fidelity Advisor California Muni Inc A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Muni Inc Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Muni Inc I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Muni Inc M | 0.67% |
Top 10 Holdings
13.98% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA ST 5.25% | CA.CAS 5.25 09.01.2053 | 1.74% |
| SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5% | CA.SDGAPT 5 07.01.2053 | 1.73% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5% | CA.CASDEV 5 12.01.2054 | 1.62% |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25% | CA.CASGEN 5.25 12.01.2054 | 1.56% |
| LOS ANGELES CALIF DEPT ARPTS REV 5% | CA.LOSAPT 5 05.15.2055 | 1.47% |
| LOS ANGELES CALIF 5% | CA.LOS 5 06.25.2026 | 1.37% |
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.14% | CA.BAYTRN 04.01.2056 | 1.20% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 01.01.2056 | 1.11% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2054 | 1.11% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.25% | CA.SFOAPT 5.25 05.01.2049 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02182 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02423 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0214 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02178 | Jun 30, 2025 |
| May 30, 2025 | $0.02411 | May 30, 2025 |
| Apr 30, 2025 | $0.02235 | Apr 30, 2025 |