Alliance Bernstein - AB California Intermediate Municipal ETF
$24.17+0.04 (+0.17%)
- 0.27%
- $1.2B
- −0.6%
- 0.2M sh
- $24.10
- low $23.95high $25.61
The ETF.net CAM Grade
A
Score 73 out of 100
- 5 of 20
Score 73 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 100Rank 6 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 13 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 out of 100Rank 1 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 3 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C42 out of 100Rank 14 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 7 of 20
Our read on CAM
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.
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
- Bonds
- 435
- 16%
- Los Angeles Cnty Ca Los 06/27 Fixed 5
Geography
- United States100.00%
CAM Performance
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$9,941
Returns run to the Oct 12, 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.
| Period | CAM |
|---|---|
| Year to date | −1.5% |
| 1 month | −1.1% |
| 3 months | −2.9% |
| 1 year | −0.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CAM |
|---|---|---|
| 2026 YTD | −1.5% | |
| 2025 | +1.1% |
CAM in the news
CAM Dividends
- $0.06 per share
- Monthly
Distribution data unavailable.
Distribution history
CAM Risk
- —
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.
- —
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.
- −4.2%
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.
- 0.60
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CAM Cost
0.27%
CAM0.27%
- The middle half of Intermediate Municipal Bonds funds
- Median 0.35%
4 of the 19 Intermediate Municipal Bonds funds charge less.
Other funds in Intermediate Municipal Bonds
- AEVIMEaton Vance Intermediate Municipal Income ETFExpense ratio 0.11%1 year return −0.9%
- AITMVanEck Intermediate Muni ETFExpense ratio 0.18%1 year return −2.4%
- ATAXET. Rowe Price Intermediate Municipal Income ETFExpense ratio 0.24%1 year return −0.8%
- BTAFMAlliance Bernstein - AB Tax-Aware Intermediate Municipal ETFExpense ratio 0.28%1 year return −2.3%
- BMUNIPIMCO Intermediate Municipal Bond Active Exchange-Traded FundExpense ratio 0.35%1 year return −1.6%