AllianceBernstein Intermediate California Municipal Portfolio Class BACLBX

14.53
0.01 / 0.07%
14.22 - 14.63+0.47
NAV in USDNAV change52-week range3-yr sharpe ratio

As of market close Oct 30 2014.

Total returns on $10,000

As of Sep 30 2014.Fund performance

Objective

The investment seeks to provide safety of principal and maximize total return after taking account of federal and state taxes for California residents. The fund invests at least 80% of its net assets in a portfolio of municipal securities issued by the State of California or its political subdivisions, or otherwise exempt from California state income tax. It seeks to maintain an effective duration of three and one-half years to seven years. The fund may invest up to 20% of its total assets in junk bonds. It may invest more than 25% of its net assets in revenue bonds. The fund is non-diversified.

Profile

Fund typeOpen Ended Investment Company
Investment style (bonds)
Credit Quality: High
Interest-Rate Sensitivity: Ltd
Morningstar categoryMuni Single State Short
Launch date01/02/2002
Price currencyUSD
DomicileUnited States
SymbolACLBX
Manager & start date
Robert Davidson III
06/08/1990
Fred Cohen
31/12/1994
Michael Brooks
31/12/1999
Terrance Hults
31/12/2002
Wayne Godlin
29/01/2010

Investment

Pricing frequencyDaily
Total net assets
3.68k USDAs of Sep 30 2014
Net expense ratio1.58%
Front end load--
Deferred load3.00%
Redemption fee--
Min. initial investment2,500 USD
Min. additional investment50.00 USD
Initial IRA--
Additional IRA--
Available for saleUnited States

Diversification

Asset type

US bond
92.73%
Cash
7.27%
Other
0.00%
Non-US bond
0.00%
Non-US stock
0.00%
US stock
0.00%

Top 5 sectors

Municipal Tax-Exempt
90.81%
Cash & Equivalents
7.27%
Corporate Bond
1.92%

Top 5 Regions

Regional weighting data is unavailable.

Sector and region weightings are calculated using only long position holdings of the portfolio.

Sector & regional holdings

Top 5 holdings

Company1 year
change
Portfolio
weight
Long
allocation
California St Dept Wtr Res Pwr Rev Bd 5%--2.39%
California St Econ Recover Economic 5%--2.38%
California Infrasct & Ec Rev Bds 5%--2.25%
California St Go Bds 5%--2.20%
San Diego Calif Pub Facs Fing Sewer 5%--2.12%
Data delayed at least 15 minutes, as of Aug 31 2014.Top 10 holdings

The performance data shown in tables and graphs on this page is calculated in USD of the fund / index / average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise.

All managed funds data located on FT.com is subject to the FT Terms & Conditions . All content on FT.com is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.

All data shown on this page, unless noted otherwise is Data Source and Copyright: Morningstar, Inc. 2014
All Rights reserved

© 2014 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Equity Style Box is a unique graphical tool showing a fund’s true investment style and market capitalisation.

The Morningstar Fixed Income Style Box is a unique graphical tool showing a fund's true credit quality and duration.

Pricing for ETFs is the latest price and not "real time". Share price information may be rounded up/down and therefore not entirely accurate. FT is not responsible for any use of content by you outside its scope as stated in the FT Terms & Conditions.