Alliance Bernstein - AB California Intermediate Municipal ETF

Frequently Asked Questions About CAM

What does CAM invest in?

An actively managed California Municipal ETF that seeks to enhance the after-tax return for California investors

What is the expense ratio of CAM?

Alliance Bernstein - AB California Intermediate Municipal ETF (CAM) charges an expense ratio of 0.27%. This is the annual fee deducted from fund assets to cover management and operations.

What is CAM's dividend yield?

CAM's trailing-twelve-month yield is 3.29%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CAM?

Effective duration measures CAM's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CAM's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CAM?

CAM's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CAM?

Yield to maturity (YTM) is the total return you'd earn from CAM if every bond in the portfolio is held to maturity at the current price. CAM's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.