AB Municipal Income California Advisor (ALCVX)

Fund Assets	1.31B
Expense Ratio	0.493%
Min. Investment	$0.00
Turnover	21.00%
Dividend (ttm)	0.38
Dividend Yield	3.84%
Dividend Growth	3.46%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.93
YTD Return	-2.99%
1-Year Return	-2.01%
5-Year Return	1.91%
52-Week Low	9.82
52-Week High	10.69
Beta (5Y)	0.10
Holdings	471
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.

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

Performance

ALCVX had a total return of -2.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.81%.

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 Fund	0.43%
FIJBX	Fidelity	Fidelity Advisor California Muni Inc Z	0.40%
FCMQX	Fidelity	Fidelity Advisor California Muni Inc I	0.52%
FCMTX	Fidelity	Fidelity Advisor California Muni Inc M	0.67%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
ALCAX	Class A	0.75%
ACACX	Class C	1.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03183	Sep 30, 2026
Aug 31, 2026	$0.02995	Aug 31, 2026
Jul 31, 2026	$0.03371	Jul 31, 2026
Jun 30, 2026	$0.03096	Jun 30, 2026
May 29, 2026	$0.03375	May 29, 2026
Apr 30, 2026	$0.03232	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 15, 2026

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