AB Municipal Income Fund California Portfolio Class A (ALCAX)
| Fund Assets | 1.31B |
| Expense Ratio | 0.75% |
| Min. Investment | $2,500 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.17% |
| Dividend Growth | 5.97% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.96 |
| YTD Return | 1.39% |
| 1-Year Return | 5.42% |
| 5-Year Return | 5.24% |
| 52-Week Low | 10.06 |
| 52-Week High | 10.97 |
| Beta (5Y) | 0.27 |
| Holdings | 411 |
| Inception Date | Dec 29, 1986 |
About ALCAX
AB California Portfolio Class A is a mutual fund primarily focused on providing investors with high levels of current income that are exempt from both federal and California state income taxes. This fund utilizes a core-plus municipal bond strategy, investing predominantly in investment-grade municipal securities issued by entities across California, while selectively incorporating higher-yield municipal bonds to enhance overall yield potential. The portfolio is diversified across more than 400 holdings, including bonds issued by notable public entities such as school districts, infrastructure projects, and regional municipal authorities. Its management emphasizes interest rate risk control by concentrating exposure in the intermediate section of the yield curve, aiming for an optimal balance between income generation and interest rate sensitivity. As a municipal bond fund tailored specifically for California residents or those seeking state-specific tax advantages, AB California Portfolio Class A plays a significant role in the tax-exempt fixed income market and serves as a foundational holding for individuals prioritizing tax efficiency and municipal credit exposure within their portfolios.
Performance
ALCAX had a total return of 5.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.37%.
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 Municipal Income Fund - Class A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income Fund | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class M | 0.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03092 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03018 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02707 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03155 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02802 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03097 | Aug 29, 2025 |