CAM was created on 2025-10-03 by AB Funds. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 1196.04m in AUM and 415 holdings. CAM is an actively managed ETF, investing in California municipal bonds. The fund strategy tactically manages duration to balance income with interest-rate risk, maintaining an intermediate stance. Up to 20% of fund holdings may be rated below investment grade.