CALAX | California Tax Free Fund Class C | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

 

California Tax Free Fund

Track this Fund
Add to Hypo Tool

Summary

Summary

What is the California Tax Free Fund?

The Fund seeks to deliver a high level of income exempt from federal and state taxation by investing primarily in California municipal bonds.

Yield

30-Day Standardized Yield 1 as of 02/29/2024  

2.59%

Average Yield to Worst as of 02/29/2024

4.01%

Fund Basicsas of 02/29/2024

Total Net Assets
$600.19 M
Inception Date
07/15/1996
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.39%
Fund Net Expense Ratio
1.39%
Number of Holdings
266
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge -0.05% 5.50% -1.89% 0.83% 2.15% 3.33%
Lipper Category Avg. California Municipal Debt Funds 0.15% 5.78% -0.70% 1.58% 2.67% -
Bloomberg Municipal Bond Index -0.38% 5.42% -0.21% 1.91% 2.68% -
w/ sales charge -1.04% 4.50% -1.89% 0.83% 2.15% 3.33%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge 6.28% 6.28% -2.23% 1.08% 2.57% 3.35%
Lipper Category Avg. California Municipal Debt Funds 6.33% 6.33% -1.04% 1.77% 3.08% -
Bloomberg Municipal Bond Index 6.40% 6.40% -0.40% 2.25% 3.03% -
w/ sales charge 5.28% 5.28% -2.23% 1.08% 2.57% 3.35%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

Sector Assets
Transportation
Healthcare/Hospital
IDR/PCR
Education
GO Local
Special Tax
Power
Lease
Housing
GO State
Water & Sewer
Other
VRDN
Pre-Refunded
Maturity Assets
<1 Year
1-3 Years
3-5 Years
5-7 Years
7-9 Years
9-12 Years
12-15 Years
15-18 Years
18-25 Years
25-30 Years
30+ Years

Credit Quality Distribution as of 02/29/2024

Rating Assets
AAA
AA
A
BBB
< BBB
Not Rated

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Average Yield to Worst as of 02/29/2024

4.01%

30-Day Standardized Yield 1 as of 02/29/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 2.59% 2.59%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge -0.05% 5.50% -1.89% 0.83% 2.15% 3.33%
Lipper Category Avg. California Municipal Debt Funds 0.15% 5.78% -0.70% 1.58% 2.67% -
Bloomberg Municipal Bond Index -0.38% 5.42% -0.21% 1.91% 2.68% -
w/ sales charge -1.04% 4.50% -1.89% 0.83% 2.15% 3.33%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge 6.28% 6.28% -2.23% 1.08% 2.57% 3.35%
Lipper Category Avg. California Municipal Debt Funds 6.33% 6.33% -1.04% 1.77% 3.08% -
Bloomberg Municipal Bond Index 6.40% 6.40% -0.40% 2.25% 3.03% -
w/ sales charge 5.28% 5.28% -2.23% 1.08% 2.57% 3.35%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

Year Fund Returns Bloomberg Municipal Bond Index
2023 6.28% 6.40%
2022 -13.80% -8.53%
2021 2.00% 1.52%
2020 3.85% 5.21%
2019 8.73% 7.54%
2018 -0.11% 1.28%
2017 6.03% 5.45%
2016 -0.49% 0.25%
2015 2.99% 3.30%
2014 12.50% 9.05%
2013 -4.56% -
2012 11.06% -
2011 10.58% -
2010 0.19% -
2009 19.33% -
2008 -13.98% -
2007 -1.19% -
2006 3.52% -
2005 3.37% -
2004 3.67% -
Year Q1 Q2 Q3 Q4
2024 - - - -
2023 2.61% 0.41% -4.45% 7.95%
2022 -8.19% -6.28% -4.22% 4.59%
2021 -0.45% 2.22% -0.82% 1.06%
2020 -3.14% 3.22% 1.31% 2.54%
2019 3.17% 2.68% 2.13% 0.49%
2018 -1.03% 0.98% -0.50% 0.45%
2017 1.79% 2.12% 0.85% 1.15%
2016 1.88% 3.46% -0.19% -5.41%
2015 1.05% -1.50% 1.54% 1.91%
2014 4.59% 3.35% 2.22% 1.81%
2013 0.41% -4.16% -0.90% 0.08%
2012 4.32% 1.62% 3.16% 1.55%
2011 -0.90% 5.21% 3.35% 2.62%
2010 1.41% 1.12% 4.45% -6.46%
2009 6.08% 3.95% 10.51% -2.08%
2008 -2.53% 1.10% -5.96% -7.17%
2007 0.44% -1.09% -0.12% -0.42%
2006 0.00% -0.31% 2.81% 1.01%
2005 0.25% 2.93% -0.19% 0.37%
2004 1.76% -3.02% 3.83% 1.18%
2003 0.54% 2.83% -1.93% 1.63%
2002 -0.10% 2.84% 5.36% -1.12%
2001 1.72% -0.82% 4.23% -1.19%
2000 3.83% 1.34% 3.17% 5.12%
1999 0.53% -3.12% -2.24% -2.34%
1998 0.65% 1.29% 3.33% 0.01%
1997 -0.88% 2.82% 3.34% 2.60%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Sector Assets
Transportation
Healthcare/Hospital
IDR/PCR
Education
GO Local
Special Tax
Power
Lease
Housing
GO State
Water & Sewer
Other
VRDN
Pre-Refunded
Maturity Assets
<1 Year
1-3 Years
3-5 Years
5-7 Years
7-9 Years
9-12 Years
12-15 Years
15-18 Years
18-25 Years
25-30 Years
30+ Years
By State Assets
CA
Puerto Rico
Other U.S. Territories

CREDIT QUALITY DISTRIBUTION as of 02/29/2024

Rating Assets
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Details as of 02/29/2024

Total Net Assets
$600.19 M
Average Effective Duration
8.2 Years
Average Effective Maturity
20.4 Years
Average Yield to Worst
4.01%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 03/28/2024
$0.04494
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 02/29/2024 $0.02305 $10.20
Daily Daily 01/31/2024 $0.02189 $10.21

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 03/31/2024
Daily Daily 04/30/2024
Daily Daily 05/31/2024
Daily Daily 06/30/2024
Daily Daily 07/31/2024
Daily Daily 08/31/2024
Daily Daily 09/30/2024
Daily Daily 10/31/2024
Daily Daily 11/30/2024
Daily Daily 12/31/2024

Fees & Expenses

Fees & Expenses

Expense Ratioas of 02/29/2024

Fund Gross Expense Ratio Fund Net Expense Ratio
1.39% 1.39%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
Quantity
Quantity
Remove
Remove

The Bloomberg Municipal Bond Index a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market.  Bonds must be rated investment-grade (Baa3/BBB- or higher) by at least two ratings agencies.  They must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate, have a dated-date after December 31, 1990, and must be at least one year from their maturity date.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field