ACACX

About ACACX

AB Municipal Income Fund – California Portfolio Class C is a tax-exempt municipal bond mutual fund focused on generating high current income free from U.S. federal and California state income taxes. The fund primarily invests in investment-grade California municipal securities, with selective exposure to high-yield bonds in a core-plus framework. It targets the intermediate portion of the yield curve to manage interest-rate risk, aligning with the Muni California Intermediate category’s typical duration and maturity profile. The portfolio finances essential public projects across the state—such as infrastructure, education, and healthcare—providing diversified exposure to California’s municipal credit market. Managed by AllianceBernstein’s fixed-income team, the strategy emphasizes diversified credit selection and risk controls while maintaining at least 80% of assets in California municipal debt. Within the market, it serves investors seeking state-specific, tax-advantaged income and a dedicated allocation to municipal bonds, offering a vehicle that balances income generation with measured interest-rate sensitivity and municipal credit risk.