Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
AB Municipal Income California A ALCAX
- NAV / 1-Day Return 10.69 / −0.47 %
- Total Assets 1.3 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.750%
- Distribution Fee Level Average
- Share Class Type Front Load
- Category Muni California Intermediate
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 3.00%
- Effective Duration 6.72 years
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0
Morningstar’s Analysis ALCAX
Will ALCAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 13.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
LOS ANGELES CNTY CALIF 5% | 2.92 | 35.7 Mil | municipal |
AB Government Money Market AB | 2.65 | 32.3 Mil | Cash and Equivalents |
LOS ANGELES CALIF UNI SCH DIST 5% | 2.60 | 31.7 Mil | municipal |
CALIFORNIA ST 5.25% | 1.84 | 22.5 Mil | municipal |
LOS ANGELES CALIF 5% | 1.25 | 15.3 Mil | municipal |
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25% | 1.22 | 14.9 Mil | municipal |
BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.33% | 1.19 | 14.6 Mil | municipal |
LOS ANGELES CALIF DEPT WTR & PWR REV 5% | 1.18 | 14.4 Mil | municipal |
CALIFORNIA HEALTH FACS FING AUTH REV 4% | 1.12 | 13.7 Mil | municipal |
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | 1.10 | 13.4 Mil | municipal |