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Launched · SEC filings

AB California Intermediate Municipal ETF

CAMNYSE ArcaAlliance BernsteinA

$24.59+0.02 (+0.09%)

At close: Nov 2, 2026, 4:00 PM ET

A70/ 100

Rank 7 of 20 in Intermediate Municipal Bonds

A70/100Rank 7 of 20inIntermediate Municipal Bonds
Intraday session: up, 79 prints from 24.57 to 24.59. Range 24.55 to 24.59. Use the arrow keys to read each point.24.5524.5624.5810 AM12 PM2 PM4 PM
Expense ratio
0.27%
Fund size
$1.23B
1Y total return
+0.9%
Yield · Last 12 months
No data
Holdings
446
Avg volume · 30D
200K sh
52W range
low $23.95high $25.61
Launched
Filings
SEC EDGAR

The ETF.net CAM Grade

A

Score 70 out of 100

Category
Intermediate Municipal Bonds⁠
Rank
7 of 20
Six-pillar profile for CAM. Scores out of 100: Cost 68, Risk 57, Mission 95, Tradability 71, Holdings 41, Durability 58. Strongest: Mission (95). Weakest: Holdings (41). Leans toward Mission.

Score 70 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B68 out of 100
    Rank 6 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 12 of 19

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 5 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A71 out of 100
    Rank 3 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C41 out of 100
    Rank 13 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 7 of 20

Our read on CAM

ETF.net Research

In short

AAn actively run California muni portfolio in ETF form: roughly 400 bonds chosen to keep income out of both federal and California state tax, with duration steered to the 3.5 to 7 year middle lane.

Stated mandate

The fund seeks to preserve principal and maximize total return after federal and state taxes for California residents. It actively invests primarily in California municipal bonds and targets a 3.5–7 year duration.

Why people hold it

  • Built around California residents specifically: the mandate targets total return after federal and state taxes, not just the federal exemption every national muni fund offers.alliancebernstein.com
  • 0.27% a year sits under the median muni ETF fee, which is unusual for a fund with live managers picking the bonds.
  • Duration is steered to a 3.5 to 7 year band, so it stays intermediate by design rather than drifting long when yields tempt.
  • Roughly 400 holdings and multi-billion-dollar scale sit behind it, and it lands in the upper half of a crowded muni-bond field.

Worth knowing

  • One state's issuers and budget cycle drive the whole portfolio. National muni funds spread that across all 50, and the tax edge only lands for California taxpayers.
  • Broad index rivals like VTEB and MUB charge single-digit basis points. Active security selection here costs more than the cheapest shelf in the category.
  • Launched in 2025, so the live track record is short and there is limited history to judge how the managers handle a full rate cycle.

CAM Holdings

Holdings pillarC41 out of 100Rank 13 of 20 in Intermediate Municipal Bonds
Asset class
Bonds
Holdings
446
Top-10 weight
14%
Largest holding
Los Angeles Cnty Ca Los 06/27 Fixed 52.5%

Sectors

  • Municipal100.0%
  • Securitized0.0%

Geography

  • United States97.46%
  • Guam1.30%
  • Puerto Rico1.12%
  • American Samoa0.11%
The fund’s holdings, weight-ordered — page 1 of 30.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataLos Angeles Cnty Ca Los 06/27 Fixed 52.48%30,000,000$30.5M6
2No dataLos Angeles Ca Los 06/27 Fixed 51.65%20,000,000$20.3M13
3No dataUs Dollar1.47%18,099,170$18.1M222
4No dataCalifornia Cmnty Choice Fing A Ccedev 01/54 Adjustable Var1.42%17,000,000$17.5M14
5No dataCalifornia Cmnty Choice Fing A Ccedev 02/54 Adjustable Var1.40%16,770,000$17.3M17
6No dataCalifornia St Infrastructure Ca Infrastructure C1.32%16,200,000$16.2M9
7No dataCalifornia Cmnty Choice Fing A Ccedev 01/56 Adjustable Var1.21%14,250,000$14.8M10
8No dataNet Other Assets1.15%0$14.1M158
9No dataSan Francisco Ca City Cnty Ar Sfoapt 05/35 Fixed 51.13%13,000,000$13.9M2
10No dataLos Angeles Ca Dept Arpts Arpt Losapt 05/43 Fixed 5.251.11%13,120,000$13.7M1
11No dataBS377Y9 Irs USD R V 12MUSCPI IS377Z0 Ccpinflationzero1.09%13,413,000$13.4M1
12No dataBay Area Ca Toll Auth Toll Bri Baytrn 04/56 Floating Var1.09%13,415,000$13.3M3
13No dataLos Angeles Ca Dept of Wtr P Losutl 01/30 Fixed 51.06%12,500,000$13M10
14No dataCalifornia Cmnty Choice Fing A Ccedev 11/55 Adjustable Var1.06%13,000,000$13M7
15No dataSan Francisco Ca City Cnty Ar Sfoapt 05/33 Fixed 51.06%12,080,000$13M4

Showing 1–15 of 446 holdings

CAM Performance

Launched Oct 3, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
CAM$10,095
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. CAM $10,095. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CAM. Periods over one year show the average yearly return.
PeriodCAM
Year to date+0.5%
1 month+2.5%
3 months−0.1%
1 year+0.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CAM
YearReturn barCAM
2026 YTD+0.5%
2025+1.1%

History from Oct 6, 2025

CAM in the news

CAM Dividends

Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 12 payments from 2025 to 2026 YTD. Nov 3, 2025 $0.07; Dec 1, 2025 $0.07; Dec 31, 2025 $0.08; Feb 2, 2026 $0.08; Mar 2, 2026 $0.07; Apr 1, 2026 $0.07; May 1, 2026 $0.07; Jun 1, 2026 $0.06; Jul 1, 2026 $0.06; Aug 3, 2026 $0.06; Sep 1, 2026 $0.06; Oct 1, 2026 $0.06. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 5, 2026$0.06
Oct 1, 2026Oct 6, 2026$0.06
Sep 1, 2026Sep 4, 2026$0.06
Aug 3, 2026Aug 6, 2026$0.06
Jul 1, 2026Jul 7, 2026$0.06
Jun 1, 2026Jun 4, 2026$0.06
May 1, 2026May 6, 2026$0.07
Apr 1, 2026No data$0.07
Mar 2, 2026No data$0.07
Feb 2, 2026No data$0.08
Dec 31, 2025No data$0.08
Dec 1, 2025No data$0.07

— Pay date not on file.

See all 13 payments⁠

$10,000 in CAM 1 year ago paid $321 in dividends.⁠

CAM Risk

Risk pillarB57 out of 100Rank 5 of 20 in Intermediate Municipal Bonds
How much the fund’s monthly returns vary, scaled to a year.
4.8%
Annualised · 12 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.57
vs 3-month T-bills · 12 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−4.2%
12 months · trough Sep 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.60
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CAM Cost

Compare CAM and TAXI

Overpaying vs TAXI, cheapest in Intermediate Municipal Bonds

$4,497

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CAM 0.27%

    $5,557

  • TAXI 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • CAM 0.27%
  • TAXI 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530CAM $5,557TAXI $1,060

Year by year

YearCAMTAXIOverpaying
10$491$92$399
20$1,907$360$1,547
30$5,557$1,060$4,497

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