AICAX — California Municipal Portfolio
Data updated: 2025-12-12
AICAX — California Municipal Portfolio data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $1.09B AUM · 0.75% expense ratio · 1.4% 1-yr return. From SEC regulatory filings.
AICAX Fund Overview
AICAX — California Municipal Portfolio is a US mutual fund managed by Bernstein Sanford C Fund INC, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Bernstein Sanford C Fund INC
- Category: Long Municipal - National Bond
- Assets under management: $1.09B
- 1-year return: 1.4%
- Ticker: AICAX
- SEC CIK: 0000832808
- SEC series ID: S000011051
- Share class ID: C000030481
AICAX Holdings
Top 10 holdings of California Municipal Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| City of Los Angeles CA | 4.69% |
| Los Angeles Unified School District/CA | 2.88% |
| University of California | 1.87% |
| California Community Choice Financing Authority | 1.46% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 1.32% |
| California Community Choice Financing Authority | 1.26% |
| Bay Area Toll Authority | 1.19% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 1.06% |
| State of California | 1.02% |
| California Community Choice Financing Authority | 1.01% |
AICAX Portfolio Allocation
Asset-class allocation of California Municipal Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.3% |
| Securitized | 0.5% |
| Real Estate | 0.1% |
AICAX Performance
Total returns for AICAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.4% |
| 3 years (annualised) | 3.0% |
| 5 years (annualised) | 1.1% |
AICAX Risk Information
Risk metrics for AICAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.5%
AICAX Costs and Fees
AICAX costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 0.75%
- Portfolio turnover: 39%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
AICAX Cashflows
Over the 12 months to 2025-09, California Municipal Portfolio had net inflows of $63.46M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-09 | $5.03M |
| 2025-08 | $19.73M |
| 2025-07 | $3.42M |
| 2025-06 | $3.22M |
| 2025-05 | −$539.70K |
| 2025-04 | −$4.46M |
AICAX Debt Constituents
Largest debt holdings of California Municipal Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| City of Los Angeles CA | 4.69% |
| Los Angeles Unified School District/CA | 2.88% |
| University of California | 1.87% |
| California Community Choice Financing Authority | 1.46% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 1.32% |
| California Community Choice Financing Authority | 1.26% |
| Bay Area Toll Authority | 1.19% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 1.06% |
| State of California | 1.02% |
| California Community Choice Financing Authority | 1.01% |
AICAX Prospectus and SEC Filings
Official California Municipal Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.