AB Municipal Income California Advisor (ALCVX)
| Fund Assets | 1.24B |
| Expense Ratio | 0.50% |
| Min. Investment | $0.00 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.49% |
| Dividend Growth | 5.77% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 10.57 |
| YTD Return | 1.85% |
| 1-Year Return | 1.66% |
| 5-Year Return | 6.12% |
| 52-Week Low | 10.03 |
| 52-Week High | 10.70 |
| Beta (5Y) | n/a |
| Holdings | 400 |
| Inception Date | Aug 6, 2008 |
About ALCVX
AB Municipal Income Fund California Portfolio Advisor Class is a mutual fund designed to provide investors with a high level of tax-exempt income, specifically targeting exemption from both federal and California state income taxes. The fund primarily invests in a diversified portfolio of high-yielding, predominantly investment grade municipal securities issued within California. At least 80% of its assets are allocated to municipal debt securities, benefiting residents of California through tax efficiency. Managed using a core-plus municipal bond strategy, the fund focuses on the intermediate segment of the yield curve, aiming to optimize risk-adjusted returns while maintaining moderate interest rate sensitivity. It holds hundreds of securities spanning essential public sectors, such as education, infrastructure, and utilities—including bonds issued by entities like the Los Angeles County and California State. The Advisor Class structure provides accessibility paired with a competitive expense ratio, reinforcing its role as a specialized vehicle for investors seeking stable, tax-efficient income with a California focus within their fixed income allocation.
Performance
ALCVX had a total return of 1.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.03%.
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 | $0.03009 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03321 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03007 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02992 | Jun 30, 2025 |
| May 30, 2025 | $0.0331 | May 30, 2025 |
| Apr 30, 2025 | $0.03077 | Apr 30, 2025 |