AB Municipal Income California A (ALCAX)
| Fund Assets | 1.24B |
| Expense Ratio | 0.75% |
| Min. Investment | $2,500 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.14% |
| Dividend Growth | 6.40% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 10.56 |
| YTD Return | 1.76% |
| 1-Year Return | 1.47% |
| 5-Year Return | 5.66% |
| 52-Week Low | 10.03 |
| 52-Week High | 10.70 |
| Beta (5Y) | 0.25 |
| Holdings | 400 |
| 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 1.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.71%.
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 | $0.02802 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03097 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02791 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02789 | Jun 30, 2025 |
| May 30, 2025 | $0.03086 | May 30, 2025 |
| Apr 30, 2025 | $0.0287 | Apr 30, 2025 |