AICYX

About AICYX

AB Intermediate California Municipal Portfolio Advisor Class is an open‑end municipal bond fund focused on tax‑efficient income for California residents. It primarily invests in investment‑grade debt issued by the State of California and its local authorities, targeting an intermediate duration profile to balance income generation with interest‑rate sensitivity management. The portfolio maintains a quality tilt—most holdings are rated A or higher—and emphasizes short‑ to intermediate‑term structures to help moderate volatility while pursuing steady tax‑exempt distributions. Core exposures span essential‑service and revenue bonds across transportation, education, healthcare, and local government issuers, reflecting the breadth of California’s municipal market. The fund’s mandate includes keeping at least 80% of assets in California municipal securities and typically operates within a multi‑year duration band aligned with the intermediate segment. It distributes income monthly and is part of AllianceBernstein’s fixed‑income platform, leveraging dedicated municipal research and risk controls to construct diversified exposure to the state’s credit spectrum and infrastructure financing needs.