AB California Intermediate Municipal 

This exchange-traded fund (ETF) operates with an active management strategy. By its fundamental investment policy, the fund is typically committed to allocating at least 80% of its net assets to municipal bonds. Moreover, a core tenet of its strategy mandates that, under usual market conditions, a minimum of 80% of these net assets must be invested in municipal debt originating from the State of California, its local governmental bodies, or securities that provide an exemption from California state income tax. It is important to note that this fund maintains a non-diversified portfolio.