MICAX — AB Municipal Income Shares C
Data updated: 2026-06-24
MICAX — AB Municipal Income Shares C data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $484.95M AUM · 0.30% expense ratio. From SEC regulatory filings.
MICAX Fund Overview
MICAX — AB Municipal Income Shares C is a US mutual fund managed by Ab Corporate Shares, 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: Ab Corporate Shares
- Category: Long Municipal - National Bond
- Assets under management: $484.95M
- Ticker: MICAX
- SEC CIK: 0001274676
- SEC series ID: S000101029
- Share class ID: C000270956
MICAX Holdings
Top 10 holdings of AB Municipal Income Shares C by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Alliance Bernstein | 7.52% |
| California Community Choice Financing Authority | 3.78% |
| California Infrastructure & Economic Development Bank | 3.76% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 2.15% |
| San Diego County Regional Airport Authority | 1.69% |
| California Municipal Finance Authority | 1.66% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 1.57% |
| California Community Choice Financing Authority | 1.53% |
| Central Valley Energy Authority | 1.43% |
| California Community Choice Financing Authority | 1.41% |
MICAX Portfolio Allocation
Asset-class allocation of AB Municipal Income Shares C by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 91.4% |
| Cash & Equivalents | 7.5% |
| Securitized | 0.5% |
MICAX Performance
Total returns for MICAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.6% |
MICAX Costs and Fees
MICAX costs about $30 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.30%
- Gross expense ratio: 0.30%
MICAX Cashflows
Over the 12 months to 2026-04, AB Municipal Income Shares C had net inflows of $486.69M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $321.12M |
| 2026-03 | $131.56M |
| 2026-02 | $34.00M |
MICAX Debt Constituents
Largest debt holdings of AB Municipal Income Shares C by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| California Community Choice Financing Authority | 3.78% |
| California Infrastructure & Economic Development Bank | 3.76% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 2.15% |
| San Diego County Regional Airport Authority | 1.69% |
| California Municipal Finance Authority | 1.66% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 1.57% |
| California Community Choice Financing Authority | 1.53% |
| Central Valley Energy Authority | 1.43% |
| California Community Choice Financing Authority | 1.41% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 1.29% |
MICAX Prospectus and SEC Filings
Official AB Municipal Income Shares C 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.