ALCVX

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.