AB Municipal Income Fund California Portfolio Class A (ALCAX)

Fund Assets	1.31B
Expense Ratio	0.726%
Min. Investment	$2,500
Turnover	21.00%
Dividend (ttm)	0.35
Dividend Yield	3.54%
Dividend Growth	3.65%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.93
YTD Return	-3.17%
1-Year Return	-2.26%
5-Year Return	1.33%
52-Week Low	9.82
52-Week High	10.69
Beta (5Y)	0.26
Holdings	471
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.

• Fund Family: AllianceBernstein
• Category: Muni California Intermediate
• Performance Rating: Above Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: ALCAX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

ALCAX had a total return of -2.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.58%.

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	0.74%
FCTFX	Fidelity	Fidelity California Municipal Income Fund	0.43%
FIJBX	Fidelity	Fidelity Advisor California Muni Inc Z	0.41%
FCMQX	Fidelity	Fidelity Advisor California Muni Inc I	0.52%
FCMTX	Fidelity	Fidelity Advisor California Muni Inc M	0.66%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
ALCVX	Advisor Class	0.50%
ACACX	Class C	1.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02976	Sep 30, 2026
Aug 31, 2026	$0.02788	Aug 31, 2026
Jul 31, 2026	$0.03134	Jul 31, 2026
Jun 30, 2026	$0.0288	Jun 30, 2026
May 29, 2026	$0.03153	May 29, 2026
Apr 30, 2026	$0.02957	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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