California Tax Free Fund
Track this Fund
Add to Hypo Tool
Daily price w/o sales charge as of 05/01/2026
$9.99
$0.01
YTD Returns w/o sales charge as of 05/01/2026
0.95%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Average Yield to Worst as of 03/31/2026 |
4.54% |
Distribution Yield as of 05/01/2026 |
3.68% |
30-Day Standardized Yield 1 as of 03/31/2026 |
3.80% |
Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.
Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.
Fund Basicsas of 03/31/2026
- Total Net Assets
- $703.60 M
- Inception Date
- 09/28/2007
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.70%
- Fund Net Expense Ratio
- 0.67%
- Number of Holdings
- 291
Fund Expense Ratio :
Gross 0.70%
Net 0.67%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | 1.04% | 5.87% | 3.27% | 0.04% | 1.95% | 3.36% |
| Lipper Category Avg. California Municipal Debt Funds | - | - | - | - | - | - |
| Bloomberg Municipal Bond Index | 0.97% | 6.34% | 3.34% | 0.90% | 2.20% | 3.48% |
| w/ sales charge | 1.04% | 5.87% | 3.27% | 0.04% | 1.95% | 3.36% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.70%
Net 0.67%
Fund Expense Ratio :
Gross 0.70%
Net 0.67%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | -0.28% | 3.43% | 2.88% | 0.03% | 1.91% | 3.30% |
| Lipper Category Avg. California Municipal Debt Funds | -0.22% | 3.35% | 2.99% | 0.43% | 1.82% | - |
| Bloomberg Municipal Bond Index | -0.18% | 4.29% | 2.87% | 0.84% | 2.16% | 3.43% |
Fund Expense Ratio :
Gross 0.70%
Net 0.67%
Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost.
| Sector | Assets |
|---|---|
| Transportation | |
| Healthcare/Hospital | |
| IDR/PCR | |
| Education | |
| Special Tax | |
| GO Local | |
| Housing | |
| GO State | |
| Water and Sewer | |
| Lease | |
| Power | |
| Pre-Refunded |
The Fund's portfolio is actively managed and is subject to change.
| 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 |
The Fund's portfolio is actively managed and is subject to change.
Credit Quality Distribution as of 03/31/2026
| 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 03/31/2026
4.54%
Distribution Yield as of 05/01/2026
3.68%
30-Day Standardized Yield 1 as of 03/31/2026
| Subsidized2 | Un-Subsidized3 | |
|---|---|---|
| w/o sales charge | 3.80% | 3.80% |
Fund Expense Ratio :
Gross 0.70%
Net 0.67%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | 1.04% | 5.87% | 3.27% | 0.04% | 1.95% | 3.36% |
| Lipper Category Avg. California Municipal Debt Funds | - | - | - | - | - | - |
| Bloomberg Municipal Bond Index | 0.97% | 6.34% | 3.34% | 0.90% | 2.20% | 3.48% |
| w/ sales charge | 1.04% | 5.87% | 3.27% | 0.04% | 1.95% | 3.36% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.70%
Net 0.67%
Fund Expense Ratio :
Gross 0.70%
Net 0.67%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | -0.28% | 3.43% | 2.88% | 0.03% | 1.91% | 3.30% |
| Lipper Category Avg. California Municipal Debt Funds | -0.22% | 3.35% | 2.99% | 0.43% | 1.82% | - |
| Bloomberg Municipal Bond Index | -0.18% | 4.29% | 2.87% | 0.84% | 2.16% | 3.43% |
Fund Expense Ratio :
Gross 0.70%
Net 0.67%
Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost.
| Year | Fund Returns | Bloomberg Municipal Bond Index |
|---|
| 2025 | 2.67% | 4.25% |
| 2024 | 2.22% | 1.05% |
| 2023 | 7.04% | 6.40% |
| 2022 | -13.25% | -8.53% |
| 2021 | 2.75% | 1.52% |
| 2020 | 4.73% | 5.21% |
| 2019 | 9.40% | 7.54% |
| 2018 | 0.60% | 1.28% |
| 2017 | 6.81% | 5.45% |
| 2016 | 0.24% | 0.25% |
| 2015 | 3.74% | - |
| 2014 | 13.31% | - |
| 2013 | -3.83% | - |
| 2012 | 11.99% | - |
| 2011 | 11.28% | - |
| 2010 | 1.09% | - |
| 2009 | 20.21% | - |
| 2008 | -13.37% | - |
| Year | Q1 | Q2 | Q3 | Q4 |
|---|
| 2026 | -0.28% | - | - | - |
| 2025 | -1.01% | -1.22% | 3.43% | 1.52% |
| 2024 | 0.24% | 0.56% | 2.63% | -1.19% |
| 2023 | 2.90% | 0.59% | -4.37% | 8.15% |
| 2022 | -8.10% | -6.02% | -4.04% | 4.67% |
| 2021 | -0.26% | 2.40% | -0.72% | 1.33% |
| 2020 | -2.88% | 3.32% | 1.51% | 2.82% |
| 2019 | 3.35% | 2.86% | 2.31% | 0.59% |
| 2018 | -0.95% | 1.16% | -0.32% | 0.72% |
| 2017 | 1.88% | 2.40% | 1.04% | 1.33% |
| 2016 | 1.98% | 3.65% | -0.01% | -5.15% |
| 2015 | 1.14% | -1.24% | 1.73% | 2.09% |
| 2014 | 4.68% | 3.64% | 2.40% | 2.00% |
| 2013 | 0.50% | -3.89% | -0.71% | 0.27% |
| 2012 | 4.51% | 1.81% | 3.45% | 1.74% |
| 2011 | -0.72% | 5.29% | 3.65% | 2.70% |
| 2010 | 1.62% | 1.42% | 4.56% | -6.19% |
| 2009 | 6.28% | 4.13% | 10.82% | -1.98% |
| 2008 | -2.45% | 1.38% | -5.81% | -7.00% |
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Sector | Assets |
|---|---|
| Transportation | |
| Healthcare/Hospital | |
| IDR/PCR | |
| Education | |
| Special Tax | |
| GO Local | |
| Housing | |
| GO State | |
| Water and Sewer | |
| Lease | |
| Power | |
| Pre-Refunded |
The Fund's portfolio is actively managed and is subject to change.
| 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 |
The Fund's portfolio is actively managed and is subject to change.
| By State | Assets |
|---|---|
| CA | |
| PR | |
| GU | |
| VI | |
| Other |
The Fund's portfolio is actively managed and is subject to change.
CREDIT QUALITY DISTRIBUTION as of 03/31/2026
| Rating | Assets |
|---|---|
| AAA | |
| AA | |
| A | |
| BBB | |
| < BBB | |
| Not Rated |
Ratings provided by Standard & Poor's, Moody's, and Fitch. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. For a security with both a short-term and a long-term rating, Lord Abbett has categorized the security in the chart above using its short-term rating only. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities are not rated. A-1/MIG1, A-2/MIG2 and A-3/MIG3 designations denote securities with less than a three-year maturity as well as superior (A-1/MIG1), strong (A-2/MIG2) and favorable (A-3/MIG3) credit quality. The credit quality breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Credit quality allocation reflects market value weightings.
Portfolio Details as of 03/31/2026
- Total Net Assets
- $703.60 M
- Average Effective Duration
- 9.54 Years
- Average Effective Maturity
- 20.8 Years
- Average Yield to Worst
- 4.54%
- Distribution Yield (as of 05/01/2026)
- 3.68%
To view definitions for the above Portfolio Details, Click here.
Average Effective Maturity is the weighted average of all the maturities of the securities held in a fund. The maturity of a security is the length of time until final payment is due, or if applicable, an earlier date based on relevant factors such as maturity-shortening devices. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.
Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.
Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.
| Holdings | Coupon | Maturity | Assets |
|---|
| California State University | 5.500% | 11/01/2055 | 1.2% |
| California Community Choice Financing Authority | 5.250% | 10/01/2031 | 1.1% |
| California Housing Finance Agency | 3.250% | 08/20/2036 | 1.1% |
| San Diego County Regional Airport Authority | 5.500% | 07/01/2055 | 1.0% |
| California Health Facilities Financing Authority | 5.250% | 08/15/2054 | 0.9% |
| California Health Facilities Financing Authority | 5.000% | 11/01/2047 | 0.9% |
| State of California | 5.000% | 10/01/2056 | 0.9% |
| City of Los Angeles Department of Airports | 5.250% | 05/15/2051 | 0.9% |
| California Community Choice Financing Authority | 5.000% | 09/01/2032 | 0.9% |
| California Community Choice Financing Authority | 5.000% | 05/01/2035 | 0.9% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
| Holding | Coupon | Maturity | Assets |
|---|
| California State University | 5.500% | 11/01/2055 | 1.2% |
| California Community Choice Financing Authority | 5.250% | 10/01/2031 | 1.1% |
| California Housing Finance Agency | 3.250% | 08/20/2036 | 1.1% |
| San Diego County Regional Airport Authority | 5.500% | 07/01/2055 | 1.0% |
| California Health Facilities Financing Authority | 5.250% | 08/15/2054 | 0.9% |
| California Health Facilities Financing Authority | 5.000% | 11/01/2047 | 0.9% |
| State of California | 5.000% | 10/01/2056 | 0.9% |
| City of Los Angeles Department of Airports | 5.250% | 05/15/2051 | 0.9% |
| California Community Choice Financing Authority | 5.000% | 09/01/2032 | 0.9% |
| California Community Choice Financing Authority | 5.000% | 05/01/2035 | 0.9% |
| Long Beach Unified School District | 5.000% | 08/01/2046 | 0.9% |
| Central Valley Energy Authority | 5.000% | 08/01/2035 | 0.9% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 5.500% | 05/01/2055 | 0.8% |
| Norman Y Mineta San Jose International Airport SJC | 4.000% | 03/01/2042 | 0.8% |
| City of Los Angeles Department of Airports | 5.500% | 05/15/2055 | 0.8% |
| Bay Area Toll Authority | 2.350% | 04/01/2026 | 0.8% |
| Tobacco Securitization Authority of Southern California | 5.000% | 06/01/2048 | 0.8% |
| Alameda Corridor Transportation Authority | 5.000% | 10/01/2052 | 0.8% |
| Tender Option Bond Trust Receipts/Certificates | 5.700% | 10/02/2054 | 0.8% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 5.500% | 05/01/2055 | 0.7% |
| City of Fresno CA Airport Revenue | 5.000% | 07/01/2048 | 0.7% |
| San Diego Community College District | 5.000% | 08/01/2055 | 0.7% |
| California Educational Facilities Authority | 5.000% | 10/01/2055 | 0.7% |
| California Community Choice Financing Authority | 5.500% | 11/01/2028 | 0.7% |
| Los Angeles Department of Water & Power Water System Revenue | 5.000% | 07/01/2055 | 0.7% |
| California Community Choice Financing Authority | 5.000% | 07/01/2034 | 0.7% |
| San Diego County Regional Airport Authority | 5.250% | 07/01/2045 | 0.7% |
| California Community Choice Financing Authority | 5.000% | 11/01/2035 | 0.7% |
| City of Los Angeles Department of Airports | 4.000% | 05/15/2051 | 0.7% |
| State of California | 5.000% | 10/01/2047 | 0.7% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.750% | 07/01/2053 | 0.6% |
| Los Angeles Department of Water & Power | 5.000% | 07/01/2035 | 0.6% |
| California Health Facilities Financing Authority | 5.000% | 12/01/2054 | 0.6% |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign | 5.250% | 07/01/2054 | 0.6% |
| California Community Choice Financing Authority | 5.000% | 03/01/2036 | 0.6% |
| California Pollution Control Financing Authority | 5.000% | 11/21/2045 | 0.6% |
| California Enterprise Development Authority | 5.000% | 09/06/2042 | 0.6% |
| San Joaquin Hills Transportation Corridor Agency | 4.000% | 01/15/2050 | 0.6% |
| San Diego Public Facilities Financing Authority | 5.250% | 10/15/2052 | 0.6% |
| California School Finance Authority | 5.000% | 07/01/2047 | 0.6% |
| California State University | 5.250% | 11/01/2050 | 0.6% |
| City of Los Angeles Department of Airports | 4.000% | 05/15/2041 | 0.6% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 4.000% | 05/01/2052 | 0.6% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.329% | 07/01/2040 | 0.6% |
| State of California | 5.000% | 03/01/2055 | 0.6% |
| California Health Facilities Financing Authority | 5.000% | 11/01/2054 | 0.6% |
| Alvord Unified School District | 5.000% | 08/01/2052 | 0.6% |
| California Municipal Finance Authority | 5.250% | 06/01/2053 | 0.6% |
| California Municipal Finance Authority | 4.000% | 12/31/2047 | 0.6% |
| California Statewide Communities Development Authority | 5.250% | 12/01/2054 | 0.6% |
| California Community Choice Financing Authority | 4.000% | 08/01/2031 | 0.6% |
| California Pollution Control Financing Authority | 5.000% | 11/21/2045 | 0.6% |
| State of California | 5.500% | 08/01/2054 | 0.6% |
| Novato Unified School District/CA | 3.000% | 08/01/2044 | 0.6% |
| California Educational Facilities Authority | 5.000% | 11/01/2055 | 0.5% |
| Santa Barbara Community College District | 6.000% | 08/01/2055 | 0.5% |
| California Health Facilities Financing Authority | 3.000% | 10/01/2041 | 0.5% |
| Indio Electric Financing Authority | 5.250% | 01/01/2053 | 0.5% |
| University of California | 5.000% | 11/15/2042 | 0.5% |
| Southern California Public Power Authority | 5.000% | 11/01/2033 | 0.5% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 5.250% | 05/01/2049 | 0.5% |
| County of Sacramento CA Airport System Revenue | 5.250% | 07/01/2054 | 0.5% |
| San Joaquin Hills Transportation Corridor Agency | 4.000% | 01/15/2044 | 0.5% |
| Sunnyvale School District | 5.000% | 09/01/2056 | 0.5% |
| Palomar Health | 5.000% | 11/01/2039 | 0.5% |
| San Diego Unified School District/CA | 3.000% | 07/01/2044 | 0.5% |
| California Municipal Finance Authority | 5.000% | 12/31/2043 | 0.5% |
| Los Angeles Department of Water & Power | 5.000% | 07/01/2053 | 0.5% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 5.000% | 05/01/2042 | 0.5% |
| Bay Area Toll Authority | 5.000% | 04/01/2044 | 0.5% |
| California Health Facilities Financing Authority | 3.000% | 08/15/2051 | 0.5% |
| California Health Facilities Financing Authority | 5.250% | 10/01/2035 | 0.5% |
| California Enterprise Development Authority | 5.000% | 08/01/2040 | 0.5% |
| Southern California Public Power Authority | 5.250% | 07/01/2053 | 0.5% |
| California Community Choice Financing Authority | 5.000% | 11/01/2032 | 0.5% |
| California Health Facilities Financing Authority | 5.250% | 02/01/2048 | 0.5% |
| California Statewide Communities Development Authority | 5.000% | 09/02/2056 | 0.5% |
| Las Virgenes Unified School District | 5.250% | 08/01/2051 | 0.5% |
| Regents of the University of California Medical Center Pooled Revenue | 3.500% | 05/15/2054 | 0.4% |
| State of California | 5.250% | 09/01/2053 | 0.4% |
| City of Irvine CA | 5.250% | 09/01/2053 | 0.4% |
| University of California | 5.000% | 11/15/2037 | 0.4% |
| San Francisco City & County Public Utilities Commission Wastewater Revenue | 5.000% | 10/01/2054 | 0.4% |
| California Community Choice Financing Authority | 5.000% | 10/01/2032 | 0.4% |
| California Statewide Communities Development Authority | 5.000% | 05/15/2035 | 0.4% |
| California Municipal Finance Authority | 5.000% | 05/15/2037 | 0.4% |
| California Municipal Finance Authority | 5.000% | 05/27/2042 | 0.4% |
| California Statewide Communities Development Authority | 5.000% | 09/02/2054 | 0.4% |
| Tender Option Bond Trust Receipts/Certificates | 10.280% | 07/01/2055 | 0.4% |
| Rincon Valley Union School District | 5.000% | 08/01/2054 | 0.4% |
| California Educational Facilities Authority | 5.000% | 11/01/2053 | 0.4% |
| River Islands Public Financing Authority | 5.000% | 09/01/2055 | 0.4% |
| California Municipal Finance Authority | 3.997% | 11/20/2040 | 0.4% |
| California Health Facilities Financing Authority | 5.000% | 08/15/2036 | 0.4% |
| California Enterprise Development Authority | 5.000% | 06/01/2049 | 0.4% |
| Foothill-Eastern Transportation Corridor Agency | 3.500% | 01/15/2053 | 0.4% |
| California Infrastructure & Economic Development Bank | 5.000% | 11/01/2049 | 0.4% |
| California Municipal Finance Authority | 3.000% | 11/01/2048 | 0.4% |
| California Municipal Finance Authority | 5.000% | 06/16/2046 | 0.4% |
| California Health Facilities Financing Authority | 3.000% | 11/01/2038 | 0.4% |
| Golden State Tobacco Securitization Corp | 5.000% | 06/01/2051 | 0.4% |
| Pajaro Valley Health Care District | 5.000% | 09/01/2046 | 0.4% |
| State of California | 5.250% | 08/01/2055 | 0.4% |
| San Diego Public Facilities Financing Authority | 5.250% | 10/15/2055 | 0.4% |
| San Diego County Regional Airport Authority | 5.250% | 07/01/2055 | 0.4% |
| California Community Choice Financing Authority | 5.000% | 03/01/2031 | 0.4% |
| Foothill-Eastern Transportation Corridor Agency | 3.950% | 01/15/2053 | 0.4% |
| State of California | 5.000% | 11/01/2055 | 0.4% |
| University of California | 5.000% | 05/15/2053 | 0.4% |
| Bay Area Toll Authority | 5.000% | 10/01/2033 | 0.4% |
| Redlands Unified School District | 5.000% | 07/01/2054 | 0.4% |
| San Leandro Unified School District | 5.000% | 08/01/2052 | 0.4% |
| California State University | 4.625% | 11/01/2056 | 0.4% |
| University of California | 2.300% | 04/01/2026 | 0.4% |
| California Infrastructure & Economic Development Bank | 5.250% | 07/01/2049 | 0.4% |
| California Infrastructure & Economic Development Bank | 4.000% | 07/01/2050 | 0.3% |
| California Health Facilities Financing Authority | 5.000% | 10/01/2044 | 0.3% |
| Foothill-Eastern Transportation Corridor Agency | 3.950% | 01/15/2053 | 0.3% |
| Los Altos Elementary School District | 5.000% | 08/01/2044 | 0.3% |
| California Health Facilities Financing Authority | 3.000% | 10/01/2047 | 0.3% |
| California Statewide Communities Development Authority | 5.000% | 12/01/2041 | 0.3% |
| California Statewide Communities Development Authority | 5.000% | 12/01/2026 | 0.3% |
| California Health Facilities Financing Authority | 5.000% | 11/15/2038 | 0.3% |
| California Statewide Communities Development Authority | 5.000% | 09/02/2051 | 0.3% |
| California Municipal Finance Authority | 5.000% | 09/20/2047 | 0.3% |
| City of Los Angeles Department of Airports | 4.000% | 05/15/2049 | 0.3% |
| California Statewide Communities Development Authority | 5.500% | 12/01/2054 | 0.3% |
| Brentwood Union School District | 5.250% | 08/01/2052 | 0.3% |
| Tender Option Bond Trust Receipts/Certificates | 6.197% | 05/15/2059 | 0.3% |
| Tender Option Bond Trust Receipts/Certificates | 11.338% | 05/01/2055 | 0.3% |
| California State University | 3.000% | 11/01/2051 | 0.3% |
| California School Finance Authority | 5.000% | 07/01/2045 | 0.3% |
| California Statewide Financing Authority | 0.000% | 06/01/2046 | 0.3% |
| Washington Township Health Care District | 5.750% | 07/01/2053 | 0.3% |
| Los Angeles County Public Works Financing Authority | 5.500% | 12/01/2054 | 0.3% |
| Los Angeles County Public Works Financing Authority | 5.500% | 12/01/2053 | 0.3% |
| California Statewide Communities Development Authority | 5.250% | 12/01/2034 | 0.3% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 5.750% | 05/01/2048 | 0.3% |
| City of Los Angeles Department of Airports | 5.250% | 05/15/2045 | 0.3% |
| Montebello Unified School District | 5.500% | 08/01/2047 | 0.3% |
| California State Public Works Board | 5.000% | 09/01/2047 | 0.3% |
| Southwestern Community College District | 5.250% | 08/01/2055 | 0.3% |
| California State Public Works Board | 5.000% | 04/01/2050 | 0.3% |
| Dublin Unified School District | 3.000% | 08/01/2041 | 0.3% |
| Ravenswood City School District/CA | 5.250% | 08/01/2053 | 0.3% |
| City of Los Angeles Department of Airports | 5.250% | 05/15/2048 | 0.3% |
| County of Sacramento CA Airport System Revenue | 5.000% | 07/01/2054 | 0.3% |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue | 3.000% | 07/01/2044 | 0.3% |
| Southern California Public Power Authority | 5.000% | 07/01/2053 | 0.3% |
| Pajaro Valley Health Care District | 5.000% | 09/01/2054 | 0.3% |
| California Enterprise Development Authority | 5.000% | 09/06/2048 | 0.3% |
| California State Public Works Board | 4.000% | 11/01/2046 | 0.3% |
| California Community Choice Financing Authority | 5.000% | 08/01/2029 | 0.3% |
| California Municipal Finance Authority | 5.000% | 02/01/2037 | 0.3% |
| California Educational Facilities Authority | 5.000% | 04/01/2047 | 0.3% |
| California Educational Facilities Authority | 5.000% | 12/01/2044 | 0.3% |
| California Public Finance Authority | 5.000% | 11/01/2054 | 0.3% |
| Regents of the University of California Medical Center Pooled Revenue | 2.330% | 04/01/2026 | 0.3% |
| California Municipal Finance Authority | 5.000% | 09/19/2052 | 0.3% |
| Fairfield Community Facilities District | 5.000% | 09/01/2054 | 0.3% |
| University of California | 5.000% | 11/15/2045 | 0.3% |
| Tejon Ranch Public Facilities Finance Authority | 5.000% | 09/01/2054 | 0.3% |
| Santa Monica-Malibu Unified School District | 4.250% | 08/01/2052 | 0.3% |
| Matching Fund Special Purpose Securitization Corp | 5.000% | 10/01/2026 | 0.3% |
| California Municipal Finance Authority | 5.900% | 06/15/2044 | 0.3% |
| Norman Y Mineta San Jose International Airport SJC | 5.000% | 03/01/2031 | 0.3% |
| Irvine Unified School District | 2.250% | 09/01/2049 | 0.3% |
| California State Public Works Board | 4.000% | 05/01/2046 | 0.3% |
| Compton Community Redevelopment Agency Successor Agency | 5.000% | 08/01/2037 | 0.3% |
| Silicon Valley Tobacco Securitization Authority | 0.000% | 06/01/2041 | 0.3% |
| California Public Finance Authority | 6.375% | 06/01/2057 | 0.3% |
| California Municipal Finance Authority | 3.000% | 06/05/2049 | 0.3% |
| Commonwealth of Puerto Rico | 4.000% | 07/01/2046 | 0.3% |
| Peralta Community College District | 5.000% | 08/01/2054 | 0.3% |
| North Orange County Community College District/CA | 2.750% | 08/01/2036 | 0.3% |
| California Health Facilities Financing Authority | 2.125% | 11/01/2041 | 0.3% |
| Washington Township Health Care District | 5.250% | 08/01/2048 | 0.2% |
| California Municipal Finance Authority | 5.000% | 12/31/2034 | 0.2% |
| Los Angeles Unified School District/CA | 5.250% | 07/01/2049 | 0.2% |
| California Enterprise Development Authority | 5.000% | 09/06/2038 | 0.2% |
| California Health Facilities Financing Authority | 5.000% | 12/01/2035 | 0.2% |
| Santa Clarita Community College District | 5.250% | 08/01/2045 | 0.2% |
| River Islands Public Financing Authority | 5.000% | 09/01/2048 | 0.2% |
| California Municipal Finance Authority | 3.997% | 11/20/2040 | 0.2% |
| California Community Choice Financing Authority | 5.250% | 02/01/2036 | 0.2% |
| Guam Government Waterworks Authority | 5.000% | 07/01/2042 | 0.2% |
| Mt San Antonio Community College District | 5.250% | 08/01/2055 | 0.2% |
| California Municipal Finance Authority | 5.000% | 07/01/2036 | 0.2% |
| El Rancho Unified School District | 5.750% | 08/01/2048 | 0.2% |
| California Municipal Finance Authority | 3.875% | 03/01/2034 | 0.2% |
| University of California | 5.250% | 05/15/2055 | 0.2% |
| California Health Facilities Financing Authority | 5.000% | 12/01/2044 | 0.2% |
| California Infrastructure & Economic Development Bank | 5.000% | 11/01/2059 | 0.2% |
| California Infrastructure & Economic Development Bank | 5.000% | 11/01/2054 | 0.2% |
| Golden State Tobacco Securitization Corp | 0.000% | 06/01/2066 | 0.2% |
| County of Los Angeles CA Community Facilities District No 2021-01 | 5.000% | 09/01/2052 | 0.2% |
| California Health Facilities Financing Authority | 5.000% | 10/01/2030 | 0.2% |
| California Municipal Finance Authority | 5.000% | 04/01/2044 | 0.2% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 5.000% | 05/01/2039 | 0.2% |
| California Infrastructure & Economic Development Bank | 12.000% | 11/02/2026 | 0.2% |
| San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/15/2044 | 0.2% |
| Port Commission of the City & County of San Francisco | 5.000% | 03/01/2030 | 0.2% |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign | 5.250% | 07/01/2049 | 0.2% |
| California Statewide Communities Development Authority | 5.250% | 12/01/2048 | 0.2% |
| Orange County Community Facilities District | 5.500% | 08/15/2053 | 0.2% |
| City of Fontana CA | 5.000% | 09/01/2054 | 0.2% |
| City of Long Beach CA Airport System Revenue | 5.250% | 06/01/2047 | 0.2% |
| Los Angeles Department of Water & Power Water System Revenue | 5.000% | 07/01/2034 | 0.2% |
| CSCDA Community Improvement Authority | 3.000% | 06/11/2047 | 0.2% |
| California Public Finance Authority | 5.100% | 04/01/2033 | 0.2% |
| Inland Valley Development Agency | 5.250% | 09/01/2037 | 0.2% |
| State of California | 5.250% | 08/01/2054 | 0.2% |
| Los Angeles Department of Water & Power Water System Revenue | 5.000% | 07/01/2035 | 0.2% |
| Bay Area Toll Authority | 5.000% | 04/01/2045 | 0.2% |
| California Municipal Finance Authority | 5.000% | 12/31/2035 | 0.2% |
| Santa Monica-Malibu Unified School District | 3.000% | 08/01/2044 | 0.2% |
| San Benito High School District | 0.000% | 08/01/2043 | 0.2% |
| Alameda Corridor Transportation Authority | 0.000% | 10/01/2053 | 0.2% |
| City of Los Angeles Department of Airports | 5.500% | 05/15/2036 | 0.2% |
| Foothill-Eastern Transportation Corridor Agency | 0.000% | 01/15/2033 | 0.2% |
| San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/15/2049 | 0.2% |
| State of California | 5.000% | 03/01/2044 | 0.2% |
| Pomona Unified School District | 5.000% | 08/01/2050 | 0.2% |
| California Pollution Control Financing Authority | 5.000% | 11/21/2045 | 0.2% |
| California Educational Facilities Authority | 5.000% | 04/01/2045 | 0.2% |
| Transbay Joint Powers Authority | 5.000% | 10/01/2032 | 0.2% |
| California Educational Facilities Authority | 4.000% | 12/01/2037 | 0.2% |
| California Statewide Communities Development Authority | 5.500% | 12/01/2058 | 0.2% |
| California Enterprise Development Authority | 5.000% | 07/01/2033 | 0.2% |
| California Educational Facilities Authority | 5.000% | 04/01/2044 | 0.2% |
| Guam Government Waterworks Authority | 5.500% | 07/01/2044 | 0.2% |
| California Enterprise Development Authority | 5.000% | 09/06/2053 | 0.2% |
| California Pollution Control Financing Authority | 4.300% | 07/01/2040 | 0.2% |
| CSCDA Community Improvement Authority | 3.000% | 09/26/2036 | 0.2% |
| California Public Finance Authority | 6.750% | 07/01/2065 | 0.1% |
| California State Public Works Board | 5.000% | 04/01/2049 | 0.1% |
| Sacramento Municipal Utility District | 5.000% | 11/15/2054 | 0.1% |
| State of California | 5.000% | 09/01/2053 | 0.1% |
| River Islands Public Financing Authority | 5.250% | 09/01/2052 | 0.1% |
| Long Beach Bond Finance Authority | 4.052% | 11/15/2026 | 0.1% |
| California Municipal Finance Authority | 5.750% | 12/01/2055 | 0.1% |
| California Public Finance Authority | 6.625% | 06/01/2065 | 0.1% |
| California School Finance Authority | 5.000% | 08/01/2038 | 0.1% |
| California Municipal Finance Authority | 5.000% | 10/01/2039 | 0.1% |
| Antelope Valley Healthcare District | 5.250% | 03/01/2036 | 0.1% |
| City of Fontana CA | 5.000% | 09/01/2049 | 0.1% |
| Transbay Joint Powers Authority | 5.000% | 10/01/2049 | 0.1% |
| San Joaquin Hills Transportation Corridor Agency | 0.000% | 01/15/2036 | 0.1% |
| California Educational Facilities Authority | 5.000% | 12/01/2048 | 0.1% |
| River Islands Public Financing Authority | 5.000% | 09/01/2054 | 0.1% |
| California Public Finance Authority | 6.500% | 10/20/2049 | 0.1% |
| California Municipal Finance Authority | 3.997% | 11/20/2040 | 0.1% |
| California Community Housing Agency | 5.000% | 08/01/2050 | 0.1% |
| San Benito High School District | 0.000% | 08/01/2042 | 0.1% |
| California Statewide Communities Development Authority | 5.000% | 09/02/2046 | 0.1% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority | 4.000% | 07/01/2047 | 0.1% |
| California Municipal Finance Authority | 4.000% | 02/01/2051 | 0.1% |
| California Municipal Finance Authority | 5.375% | 11/01/2045 | 0.1% |
| Southern California Public Power Authority | 4.099% | 11/01/2038 | 0.1% |
| Alameda Corridor Transportation Authority | 0.000% | 10/01/2034 | 0.1% |
| Newport Mesa Unified School District | 0.000% | 08/01/2041 | 0.1% |
| Regents of the University of California Medical Center Pooled Revenue | 2.550% | 04/01/2026 | 0.1% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority | 4.000% | 07/01/2042 | 0.1% |
| M-S-R Energy Authority | 6.500% | 11/01/2039 | 0.1% |
| Transbay Joint Powers Authority | 5.000% | 10/01/2038 | 0.1% |
| California School Finance Authority | 5.000% | 08/01/2045 | 0.1% |
| Southwestern Community College District | 0.000% | 08/01/2041 | 0.1% |
| Territory of Guam | 5.250% | 01/01/2037 | 0.1% |
| California Statewide Financing Authority | 0.000% | 06/01/2055 | 0.1% |
| Alameda Corridor Transportation Authority | 0.000% | 10/01/2051 | 0.1% |
| California Public Finance Authority | 10.000% | 05/15/2028 | 0.1% |
| California Municipal Finance Authority | 5.000% | 04/26/2044 | 0.1% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.329% | 07/01/2040 | 0.1% |
| Inland Empire Tobacco Securitization Corp | 0.000% | 06/01/2036 | 0.1% |
| California Municipal Finance Authority | 5.625% | 03/01/2045 | 0.1% |
| Newport Mesa Unified School District | 0.000% | 08/01/2045 | 0.1% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 0.000% | 07/01/2051 | 0.1% |
| California Municipal Finance Authority | 5.000% | 10/01/2032 | 0.1% |
| Transbay Joint Powers Authority | 5.000% | 10/01/2034 | 0.0% |
| Guam Government Waterworks Authority | 5.500% | 07/01/2043 | 0.0% |
| CSCDA Community Improvement Authority | 4.000% | 03/06/2055 | 0.0% |
| Transbay Joint Powers Authority | 5.000% | 10/01/2035 | 0.0% |
| Silicon Valley Tobacco Securitization Authority | 0.000% | 06/01/2056 | 0.0% |
| Inland Empire Tobacco Securitization Corp | 0.000% | 06/01/2057 | 0.0% |
| Commonwealth of Puerto Rico | 5.750% | 07/01/2031 | 0.0% |
| Commonwealth of Puerto Rico | 0.000% | 11/01/2051 | 0.0% |
| BL Train Holdings West LLC | 0.000% | 11/26/2035 | 0.0% |
| California Municipal Finance Authority | 4.000% | 11/01/2031 | 0.0% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.536% | 07/01/2053 | 0.0% |
| USM6 - Futures | 0.000% | 08/16/2043 | 0.0% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
For
- YTD Dividends Paidas of 05/01/2026
- $0.12364
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 04/30/2026 | $0.03065 | $10.00 |
| Daily | Daily | 03/31/2026 | $0.03066 | $9.90 |
| Daily | Daily | 02/28/2026 | $0.03138 | $10.17 |
| Daily | Daily | 01/31/2026 | $0.03096 | $10.05 |
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 | 05/31/2026 |
| Daily | Daily | 06/30/2026 |
| Daily | Daily | 07/31/2026 |
| Daily | Daily | 08/31/2026 |
| Daily | Daily | 09/30/2026 |
| Daily | Daily | 10/31/2026 |
| Daily | Daily | 11/30/2026 |
| Daily | Daily | 12/31/2026 |
Fees & Expenses
Fees & Expenses
Expense Ratioas of 03/31/2026
| Fund Gross Expense Ratio | 0.70% |
| Fund Net Expense Ratio | 0.67% |
Expense ratio details, Click here.
The net expense ratio takes into account deductions for certain interest and related expenses from certain of the Fund's investments. Under accounting rules, the Fund recognized additional income in an amount that directly offsets these interest and related expenses. Therefore, the Fund's total returns and net asset value were not affected by such interest and related expenses.
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 Financial Statements and Other Information *
Publish Date:11/03/2015
|
||||
|
2025 Annual Tailored Shareholder Report
Publish Date:11/03/2015
|
||||
|
2025 Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
|
||||
|
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
|
||||
|
Fact Sheet
Publish Date:11/03/2015
|
* includes items 7-11 of form N-CSR as required, if any.