California Tax Free Fund
Daily price w/o sales charge as of 04/18/2024
$10.06
$0.00
YTD Returns w/o sales charge as of 04/18/2024
-0.80%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
30-Day Standardized Yield 1 as of 03/31/2024 |
3.12% |
Average Yield to Worst as of 03/28/2024 |
4.05% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
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.
Fund Basicsas of 03/28/2024
- Total Net Assets
- $618.42 M
- Inception Date
- 09/03/1985
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.76%
- Fund Net Expense Ratio
- 0.76%
- Number of Holdings
- 270
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | 0.22% | 4.18% | -1.48% | 1.08% | 2.76% | 5.14% |
Lipper Category Avg. California Municipal Debt Funds | 0.32% | 4.16% | -0.88% | 1.26% | 2.64% | - |
Bloomberg Municipal Bond Index | -0.39% | 3.13% | -0.41% | 1.59% | 2.66% | - |
w/ sales charge | -2.08% | 1.85% | -2.24% | 0.63% | 2.53% | 5.08% |
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | 0.22% | 4.18% | -1.48% | 1.08% | 2.76% | 5.14% |
Lipper Category Avg. California Municipal Debt Funds | 0.32% | 4.16% | -0.88% | 1.26% | 2.64% | - |
Bloomberg Municipal Bond Index | -0.39% | 3.13% | -0.41% | 1.59% | 2.66% | - |
w/ sales charge | -2.08% | 1.85% | -2.24% | 0.63% | 2.53% | 5.08% |
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication 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. Therefore, there can be no assurance for future results.
Sector | Assets |
---|---|
Transportation | |
IDR/PCR | |
Healthcare/Hospital | |
Education | |
GO Local | |
Special Tax | |
Power | |
Lease | |
Housing | |
GO State | |
Water & Sewer | |
Other | |
VRDN | |
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 03/28/2024
Rating | Assets |
---|---|
AAA | |
AA | |
A | |
BBB | |
< BBB | |
Not Rated |
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Performance
Performance
Average Yield to Worst as of 03/28/2024
30-Day Standardized Yield 1 as of 03/31/2024
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.12% | 3.12% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | 0.22% | 4.18% | -1.48% | 1.08% | 2.76% | 5.14% |
Lipper Category Avg. California Municipal Debt Funds | 0.32% | 4.16% | -0.88% | 1.26% | 2.64% | - |
Bloomberg Municipal Bond Index | -0.39% | 3.13% | -0.41% | 1.59% | 2.66% | - |
w/ sales charge | -2.08% | 1.85% | -2.24% | 0.63% | 2.53% | 5.08% |
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | 0.22% | 4.18% | -1.48% | 1.08% | 2.76% | 5.14% |
Lipper Category Avg. California Municipal Debt Funds | 0.32% | 4.16% | -0.88% | 1.26% | 2.64% | - |
Bloomberg Municipal Bond Index | -0.39% | 3.13% | -0.41% | 1.59% | 2.66% | - |
w/ sales charge | -2.08% | 1.85% | -2.24% | 0.63% | 2.53% | 5.08% |
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication 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. Therefore, there can be no assurance for future results.
Year | Fund Returns | Bloomberg Municipal Bond Index |
---|
2023 | 6.94% | 6.40% |
2022 | -13.33% | -8.53% |
2021 | 2.65% | 1.52% |
2020 | 4.64% | 5.21% |
2019 | 9.30% | 7.54% |
2018 | 0.50% | 1.28% |
2017 | 6.71% | 5.45% |
2016 | 0.15% | 0.25% |
2015 | 3.64% | 3.30% |
2014 | 13.20% | 9.05% |
2013 | -3.92% | - |
2012 | 11.88% | - |
2011 | 11.18% | - |
2010 | 0.99% | - |
2009 | 20.07% | - |
2008 | -13.46% | - |
2007 | -0.56% | - |
2006 | 4.19% | - |
2005 | 3.95% | - |
2004 | 4.46% | - |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | 0.22% | - | - | - |
2023 | 2.88% | 0.57% | -4.40% | 8.12% |
2022 | -8.13% | -6.13% | -3.97% | 4.65% |
2021 | -0.29% | 2.38% | -0.75% | 1.31% |
2020 | -2.90% | 3.30% | 1.48% | 2.80% |
2019 | 3.32% | 2.84% | 2.29% | 0.56% |
2018 | -0.97% | 1.14% | -0.25% | 0.60% |
2017 | 1.86% | 2.38% | 1.01% | 1.31% |
2016 | 1.95% | 3.63% | -0.03% | -5.18% |
2015 | 1.11% | -1.26% | 1.70% | 2.07% |
2014 | 4.66% | 3.61% | 2.38% | 1.97% |
2013 | 0.48% | -3.91% | -0.73% | 0.25% |
2012 | 4.49% | 1.78% | 3.42% | 1.72% |
2011 | -0.74% | 5.27% | 3.63% | 2.68% |
2010 | 1.59% | 1.40% | 4.53% | -6.21% |
2009 | 6.14% | 4.21% | 10.78% | -2.00% |
2008 | -2.47% | 1.36% | -5.84% | -7.03% |
2007 | 0.61% | -0.94% | 0.04% | -0.26% |
2006 | 0.25% | -0.24% | 2.97% | 1.17% |
2005 | 0.32% | 3.10% | -0.03% | 0.53% |
2004 | 2.03% | -2.95% | 4.01% | 1.43% |
2003 | 0.69% | 2.98% | -1.69% | 1.70% |
2002 | 0.03% | 3.01% | 5.49% | -0.99% |
2001 | 1.78% | -0.68% | 4.28% | -0.97% |
2000 | 4.00% | 1.41% | 3.32% | 5.39% |
1999 | 0.71% | -2.95% | -2.06% | -2.14% |
1998 | 0.83% | 1.57% | 3.42% | 0.19% |
1997 | -0.81% | 3.11% | 3.53% | 2.78% |
1996 | -1.96% | 0.57% | 2.48% | 2.36% |
1995 | 7.75% | 2.21% | 2.16% | 4.36% |
1994 | -7.30% | -0.36% | 0.35% | -3.46% |
1993 | 5.07% | 3.47% | 3.93% | 0.82% |
1992 | 0.17% | 4.58% | 2.03% | 2.01% |
1991 | 1.91% | 2.69% | 4.31% | 3.89% |
1990 | 0.47% | 2.36% | 0.01% | 4.27% |
1989 | 0.64% | 6.08% | -0.13% | 3.02% |
1988 | 2.92% | 2.21% | 2.97% | 2.75% |
1987 | 2.88% | -6.58% | -4.12% | 6.92% |
1986 | 8.50% | -0.68% | 5.52% | 4.54% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 03/31/2024
The chart begins on the Fund's inception date of 09/03/1985.
Based on a hypothetical Class A share investment of $10,000 on 09/03/1985 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Sector | Assets |
---|---|
Transportation | |
IDR/PCR | |
Healthcare/Hospital | |
Education | |
GO Local | |
Special Tax | |
Power | |
Lease | |
Housing | |
GO State | |
Water & Sewer | |
Other | |
VRDN | |
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 | |
Puerto Rico | |
Other U.S. Territories |
The Fund's portfolio is actively managed and is subject to change.
CREDIT QUALITY DISTRIBUTION as of 03/28/2024
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 03/28/2024
- Total Net Assets
- $618.42 M
- Average Effective Duration
- 8.06 Years
- Average Effective Maturity
- 20.4 Years
- Average Yield to Worst
- 4.05%
To view definitions for the above Portfolio Details, Click here.
Average Effective Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. 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 Health Facilities Financing Authority | 5.000% | 11/05/2044 | 1.7% |
Alameda Corridor Transportation Authority | 5.000% | 09/20/2052 | 1.6% |
California State University | 5.250% | 10/21/2053 | 1.5% |
California Community Choice Financing Authority | 5.250% | 12/21/2053 | 1.5% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/07/2044 | 1.5% |
California Housing Finance Agency | 3.250% | 08/13/2036 | 1.4% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/07/2043 | 1.3% |
City Of Los Angeles Department Of Airports | 5.500% | 05/06/2047 | 1.3% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/20/2052 | 1.2% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/26/2031 | 1.2% |
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 Health Facilities Financing Authority | 5.000% | 11/08/2044 | 1.7% |
Alameda Corridor Transportation Authority | 5.000% | 09/22/2052 | 1.6% |
California State University | 5.250% | 10/24/2053 | 1.6% |
California Community Choice Financing Authority | 5.250% | 12/24/2053 | 1.5% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/10/2044 | 1.5% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/10/2043 | 1.3% |
City Of Los Angeles Department Of Airports | 5.500% | 05/09/2047 | 1.3% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/23/2052 | 1.3% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/29/2031 | 1.2% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/07/2049 | 1.2% |
California Housing Finance Agency | 3.250% | 08/16/2036 | 1.1% |
California Municipal Finance Authority | 5.000% | 12/25/2047 | 1.1% |
Irvine Facilities Financing Authority | 5.250% | 08/24/2053 | 1.0% |
Golden State Tobacco Securitization Corp | 5.000% | 05/25/2051 | 0.9% |
California Community Choice Financing Authority | 5.500% | 04/23/2054 | 0.9% |
University Of California | 5.000% | 05/07/2052 | 0.9% |
Los Angeles Department Of Water & Power | 5.000% | 06/23/2052 | 0.9% |
California Community Choice Financing Authority | 4.000% | 04/23/2053 | 0.8% |
Palomar Health | 5.000% | 10/28/2039 | 0.8% |
San Diego Public Facilities Financing Authority | 5.250% | 10/06/2052 | 0.8% |
California Municipal Finance Authority | 4.000% | 05/09/2046 | 0.8% |
Alvord Unified School District | 5.000% | 07/24/2052 | 0.7% |
California School Finance Authority | 5.000% | 07/01/2027 | 0.7% |
California Pollution Control Financing Authority | 5.000% | 07/01/2024 | 0.7% |
California Municipal Finance Authority | 5.000% | 12/31/2027 | 0.7% |
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.750% | 06/23/2053 | 0.7% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/26/2040 | 0.7% |
Los Angeles Department Of Water & Power Water Syst | 3.740% | 03/01/2024 | 0.7% |
City Of Los Angeles Department Of Airports | 5.000% | 05/08/2051 | 0.7% |
City Of Burbank Ca Electric Revenue | 5.000% | 05/24/2053 | 0.7% |
Indio Electric Financing Authority | 5.250% | 12/30/2032 | 0.7% |
California Health Facilities Financing Authority | 5.000% | 08/09/2047 | 0.7% |
California Pollution Control Financing Authority | 5.000% | 12/31/2028 | 0.7% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/09/2046 | 0.7% |
Southern California Public Power Authority | 5.000% | 10/29/2033 | 0.7% |
California Infrastructure & Economic Development B | 4.000% | 06/24/2050 | 0.6% |
California State Public Works Board | 4.000% | 04/25/2046 | 0.6% |
Northern California Energy Authority | 4.000% | 07/01/2024 | 0.6% |
California Enterprise Development Authority | 5.000% | 01/13/2034 | 0.6% |
San Diego Unified School District/Ca | 3.000% | 06/25/2044 | 0.6% |
Palomar Health | 5.000% | 10/27/2036 | 0.6% |
San Diego County Regional Airport Authority | 5.000% | 06/24/2051 | 0.6% |
Southern California Public Power Authority | 5.250% | 06/23/2053 | 0.6% |
County Of Santa Barbara Ca | 5.000% | 11/26/2036 | 0.6% |
San Diego County Regional Airport Authority | 4.000% | 06/25/2046 | 0.6% |
California Educational Facilities Authority | 5.000% | 11/24/2044 | 0.6% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/26/2041 | 0.6% |
California Municipal Finance Authority | 5.000% | 12/26/2043 | 0.6% |
California Health Facilities Financing Authority | 4.000% | 03/29/2035 | 0.6% |
Modesto Irrigation District | 5.250% | 09/23/2048 | 0.6% |
State Of California | 5.250% | 08/26/2047 | 0.6% |
State Of California | 5.250% | 08/24/2053 | 0.6% |
California School Finance Authority | 5.000% | 08/01/2025 | 0.6% |
City Of Irvine Ca | 5.250% | 08/24/2053 | 0.6% |
Riverside County Transportation Commission | 4.000% | 05/26/2047 | 0.6% |
M-S-R Energy Authority | 6.500% | 10/28/2039 | 0.6% |
California Municipal Finance Authority | 4.000% | 07/13/2029 | 0.6% |
City Of Fresno Ca Airport Revenue | 5.000% | 06/24/2048 | 0.6% |
San Diego Unified School District/Ca | 5.000% | 06/24/2048 | 0.6% |
Simi Valley Unified School District | 5.250% | 07/31/2031 | 0.6% |
California Community Housing Agency | 4.000% | 01/25/2050 | 0.6% |
California Health Facilities Financing Authority | 4.000% | 11/09/2045 | 0.6% |
Central Unified School District | 5.250% | 07/30/2033 | 0.5% |
City Of Los Angeles Department Of Airports | 5.250% | 05/09/2047 | 0.5% |
California Municipal Finance Authority | 5.250% | 05/24/2053 | 0.5% |
State Of California | 4.000% | 10/28/2037 | 0.5% |
California Statewide Communities Development Autho | 5.000% | 05/12/2035 | 0.5% |
California Educational Facilities Authority | 5.000% | 10/30/2033 | 0.5% |
California Community Choice Financing Authority | 5.000% | 06/23/2053 | 0.5% |
City Of Los Angeles Ca Wastewater System Revenue | 5.000% | 05/27/2043 | 0.5% |
State Of California | 4.000% | 09/26/2041 | 0.5% |
Regents Of The University Of California Medical Ce | 5.000% | 05/09/2047 | 0.5% |
Tobacco Securitization Authority Of Northern Calif | 4.000% | 05/25/2049 | 0.5% |
Southern California Public Power Authority | 5.250% | 06/23/2053 | 0.5% |
California Housing Finance Agency | 3.500% | 11/17/2035 | 0.5% |
Bay Area Toll Authority | 5.000% | 03/24/2054 | 0.5% |
State Of California | 5.250% | 09/24/2050 | 0.5% |
California Community Choice Financing Authority | 4.000% | 09/22/2052 | 0.5% |
City Of Glendale Ca Electric Revenue | 5.000% | 01/24/2054 | 0.5% |
California Community Choice Financing Authority | 5.000% | 01/24/2054 | 0.5% |
California Health Facilities Financing Authority | 3.000% | 10/28/2038 | 0.5% |
Cscda Community Improvement Authority | 2.650% | 11/25/2046 | 0.4% |
Regents Of The University Of California Medical Ce | 3.500% | 05/07/2054 | 0.4% |
San Francisco Bay Area Rapid Transit District | 5.250% | 07/26/2047 | 0.4% |
California Statewide Communities Development Autho | 5.500% | 11/22/2058 | 0.4% |
California State Public Works Board | 4.000% | 10/26/2046 | 0.4% |
California Health Facilities Financing Authority | 5.000% | 09/24/2044 | 0.4% |
California Health Facilities Financing Authority | 5.000% | 11/11/2038 | 0.4% |
Brentwood Union School District | 5.250% | 07/30/2032 | 0.4% |
San Leandro Unified School District | 5.250% | 07/25/2048 | 0.4% |
State Of California | 5.000% | 03/27/2042 | 0.4% |
Washington Township Health Care District | 5.750% | 06/29/2033 | 0.4% |
San Francisco City & County Airport Comm-San Franc | 5.750% | 04/24/2048 | 0.4% |
Los Angeles Department Of Water & Power | 5.000% | 06/26/2043 | 0.4% |
Regents Of The University Of California Medical Ce | 5.000% | 05/09/2047 | 0.4% |
Ravenswood City School District/Ca | 5.250% | 07/30/2032 | 0.4% |
California Statewide Communities Development Autho | 5.500% | 11/23/2054 | 0.4% |
East Bay Municipal Utility District Water System R | 5.000% | 05/24/2054 | 0.4% |
Cscda Community Improvement Authority | 3.000% | 05/26/2047 | 0.4% |
Los Angeles Department Of Water & Power | 5.000% | 06/24/2048 | 0.4% |
Montebello Unified School District | 5.500% | 07/26/2047 | 0.4% |
California Statewide Financing Authority | 0.000% | 05/26/2046 | 0.4% |
City Of Los Angeles Department Of Airports | 5.250% | 05/08/2048 | 0.4% |
California Statewide Communities Development Autho | 5.250% | 11/28/2034 | 0.4% |
California Health Facilities Financing Authority | 3.000% | 08/08/2051 | 0.4% |
City Of Los Angeles Department Of Airports | 5.000% | 05/12/2032 | 0.4% |
Dublin Unified School District | 3.000% | 07/28/2041 | 0.4% |
California Educational Facilities Authority | 5.000% | 09/23/2053 | 0.4% |
City Of Los Angeles Department Of Airports | 5.250% | 05/08/2048 | 0.4% |
California Enterprise Development Authority | 5.000% | 07/31/2030 | 0.3% |
Local Public Schools Funding Authority School Impr | 5.000% | 07/31/2028 | 0.3% |
El Rancho Unified School District | 5.750% | 07/30/2033 | 0.3% |
California Municipal Finance Authority | 5.000% | 01/27/2037 | 0.3% |
California Infrastructure & Economic Development B | 3.250% | 07/30/2029 | 0.3% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/30/2026 | 0.3% |
San Diego County Regional Airport Authority | 4.000% | 06/25/2046 | 0.3% |
San Rafael City High School District/Ca | 4.000% | 07/25/2053 | 0.3% |
California Health Facilities Financing Authority | 4.000% | 05/08/2051 | 0.3% |
Norman Y Mineta San Jose International Airport Sjc | 5.000% | 02/27/2031 | 0.3% |
Sacramento Municipal Utility District | 5.000% | 08/08/2049 | 0.3% |
Los Angeles Department Of Water & Power Water Syst | 5.000% | 06/23/2052 | 0.3% |
California Municipal Finance Authority | 3.000% | 05/08/2051 | 0.3% |
City Of Los Angeles Department Of Airports | 4.000% | 05/08/2049 | 0.3% |
Compton Community Redevelopment Agency Successor A | 5.000% | 07/28/2037 | 0.3% |
Silicon Valley Tobacco Securitization Authority | 0.000% | 05/27/2041 | 0.3% |
Poway Unified School District Public Financing Aut | 5.000% | 09/01/2025 | 0.3% |
San Leandro Unified School District | 5.250% | 08/01/2027 | 0.3% |
California Community Choice Financing Authority | 5.000% | 11/23/2053 | 0.3% |
North Orange County Community College District/Ca | 2.750% | 07/29/2036 | 0.3% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 12/31/2028 | 0.3% |
Washington Township Health Care District | 5.250% | 07/25/2048 | 0.3% |
Commonwealth Of Puerto Rico | 4.000% | 06/25/2046 | 0.3% |
San Joaquin Hills Transportation Corridor Agency | 4.000% | 01/08/2050 | 0.3% |
Imperial Community College District | 5.250% | 07/30/2033 | 0.3% |
California Statewide Communities Development Autho | 5.000% | 11/30/2026 | 0.3% |
University Of California | 5.000% | 05/11/2036 | 0.3% |
San Diego County Regional Airport Authority | 5.000% | 06/30/2031 | 0.3% |
Tobacco Securitization Authority Of Southern Calif | 5.000% | 05/25/2048 | 0.3% |
California Municipal Finance Authority | 5.000% | 12/28/2034 | 0.3% |
University Of California | 4.000% | 05/10/2041 | 0.3% |
California Health Facilities Financing Authority | 4.000% | 11/07/2048 | 0.3% |
California Enterprise Development Authority | 5.000% | 07/31/2030 | 0.3% |
Santa Clarita Community College District | 5.250% | 07/30/2032 | 0.3% |
California Municipal Finance Authority | 5.000% | 07/01/2027 | 0.3% |
Casitas Municipal Water District | 5.250% | 08/31/2027 | 0.3% |
Irvine Unified School District | 4.250% | 08/30/2033 | 0.3% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/25/2045 | 0.3% |
California Health Facilities Financing Authority | 3.000% | 09/26/2041 | 0.3% |
County Of Los Angeles Ca Community Facilities Dist | 5.000% | 08/23/2052 | 0.3% |
California Municipal Finance Authority | 3.000% | 10/26/2048 | 0.2% |
City Of Long Beach Ca Airport System Revenue | 5.250% | 05/26/2047 | 0.2% |
Port Commission Of The City & County Of San Franci | 5.000% | 03/29/2024 | 0.2% |
Commonwealth Of Puerto Rico | 0.000% | 10/25/2051 | 0.2% |
Orange County Community Facilities District | 5.500% | 08/07/2053 | 0.2% |
Foothill-Eastern Transportation Corridor Agency | 6.850% | 01/10/2042 | 0.2% |
Cscda Community Improvement Authority | 3.000% | 02/20/2057 | 0.2% |
California Municipal Finance Authority | 4.000% | 01/26/2051 | 0.2% |
Inland Valley Development Agency | 5.250% | 08/28/2037 | 0.2% |
San Rafael City High School District/Ca | 5.250% | 07/31/2030 | 0.2% |
State Of California | 5.000% | 09/26/2041 | 0.2% |
Los Angeles Department Of Water & Power | 5.000% | 06/24/2051 | 0.2% |
California Health Facilities Financing Authority | 5.000% | 11/11/2032 | 0.2% |
City Of Los Angeles Department Of Airports | 5.500% | 11/13/2031 | 0.2% |
California Health Facilities Financing Authority | 5.000% | 11/05/2056 | 0.2% |
Santa Monica-Malibu Unified School District | 3.000% | 07/26/2044 | 0.2% |
California Municipal Finance Authority | 5.000% | 12/28/2035 | 0.2% |
California Health Facilities Financing Authority | 4.000% | 03/26/2044 | 0.2% |
California Health Facilities Financing Authority | 4.000% | 03/26/2045 | 0.2% |
California Educational Facilities Authority | 5.500% | 09/23/2053 | 0.2% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/09/2046 | 0.2% |
Banning Unified School District | 5.250% | 08/01/2027 | 0.2% |
California Community Choice Financing Authority | 5.250% | 10/24/2054 | 0.2% |
Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.2% |
County Of Sacramento Ca Airport System Revenue | 5.000% | 06/26/2041 | 0.2% |
Morgan Hill Unified School District | 5.250% | 07/30/2032 | 0.2% |
Transbay Joint Powers Authority | 5.000% | 10/01/2025 | 0.2% |
Alameda Corridor Transportation Authority | 0.000% | 09/23/2053 | 0.2% |
City Of San Francisco Ca Public Utilities Commissi | 5.250% | 10/23/2052 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 04/28/2033 | 0.2% |
California Pollution Control Financing Authority | 5.000% | 06/29/2033 | 0.2% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/23/2052 | 0.2% |
California Municipal Finance Authority | 5.250% | 10/23/2052 | 0.2% |
River Islands Public Financing Authority | 5.250% | 08/23/2052 | 0.2% |
San Benito High School District | 0.000% | 07/28/2043 | 0.2% |
West Contra Costa Unified School District | 6.000% | 07/31/2027 | 0.2% |
Antelope Valley Healthcare District | 5.000% | 03/01/2026 | 0.2% |
California Municipal Finance Authority | 5.250% | 07/01/2024 | 0.2% |
Santa Rita Union School District | 2.500% | 07/31/2031 | 0.2% |
Foothill-Eastern Transportation Corridor Agency | 0.000% | 01/11/2033 | 0.2% |
Tobacco Securitization Authority Of Northern Calif | 4.000% | 11/30/2030 | 0.2% |
California Educational Facilities Authority | 5.000% | 09/23/2048 | 0.2% |
California Municipal Finance Authority | 5.000% | 08/15/2024 | 0.2% |
California Municipal Finance Authority | 5.000% | 09/30/2027 | 0.2% |
City Of Sacramento Ca Transient Occupancy Tax Reve | 5.000% | 05/25/2048 | 0.2% |
Irvine Unified School District | 5.000% | 08/31/2027 | 0.2% |
City Of Irvine Ca | 5.000% | 09/02/2025 | 0.2% |
City Of Roseville Ca | 5.000% | 08/30/2031 | 0.2% |
Tustin Community Facilities District | 5.000% | 09/01/2025 | 0.2% |
Antelope Valley Healthcare District | 5.250% | 02/26/2036 | 0.2% |
Irvine Unified School District | 5.000% | 08/28/2038 | 0.2% |
California Educational Facilities Authority | 5.000% | 11/23/2048 | 0.2% |
California Statewide Communities Development Autho | 5.250% | 11/21/2056 | 0.2% |
California Educational Facilities Authority | 5.000% | 03/27/2040 | 0.2% |
California School Finance Authority | 5.000% | 07/31/2028 | 0.2% |
Stockton Public Financing Authority | 5.000% | 09/01/2024 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 10/01/2025 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 07/01/2026 | 0.2% |
California Municipal Finance Authority | 4.125% | 09/26/2041 | 0.2% |
California Community Choice Financing Authority | 4.000% | 01/25/2052 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 11/26/2041 | 0.2% |
Southern California Public Power Authority | 5.000% | 06/27/2038 | 0.2% |
California Municipal Finance Authority | 4.000% | 08/15/2027 | 0.2% |
California Public Finance Authority | 4.000% | 07/08/2051 | 0.2% |
California Statewide Communities Development Autho | 4.000% | 06/24/2048 | 0.2% |
Long Beach Bond Finance Authority | 5.247% | 11/15/2026 | 0.2% |
California Health Facilities Financing Authority | 3.000% | 09/25/2047 | 0.2% |
California Statewide Communities Development Autho | 4.000% | 05/09/2046 | 0.2% |
California Community Housing Agency | 5.000% | 07/25/2050 | 0.2% |
San Joaquin Hills Transportation Corridor Agency | 0.000% | 01/12/2036 | 0.2% |
Tobacco Securitization Authority Of Southern Calif | 0.000% | 05/24/2054 | 0.2% |
California Municipal Finance Authority | 4.000% | 12/25/2047 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 4.000% | 06/25/2047 | 0.1% |
Grossmont Union High School District | 0.000% | 02/01/2025 | 0.1% |
Cscda Community Improvement Authority | 4.000% | 07/23/2056 | 0.1% |
San Benito High School District | 0.000% | 07/28/2042 | 0.1% |
Golden State Tobacco Securitization Corp | 0.000% | 05/21/2066 | 0.1% |
Santa Barbara Unified School District | 4.000% | 08/01/2027 | 0.1% |
Southern California Public Power Authority | 5.200% | 10/29/2038 | 0.1% |
Cscda Community Improvement Authority | 4.000% | 11/21/2056 | 0.1% |
Guam Power Authority | 5.000% | 10/01/2024 | 0.1% |
California Enterprise Development Authority | 5.000% | 01/13/2034 | 0.1% |
M-S-R Energy Authority | 6.500% | 10/28/2039 | 0.1% |
Cupertino Union School District | 2.500% | 07/30/2033 | 0.1% |
Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.1% |
California School Finance Authority | 4.000% | 07/26/2051 | 0.1% |
Newport Mesa Unified School District | 0.000% | 07/27/2041 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 4.000% | 06/26/2042 | 0.1% |
California School Finance Authority | 5.000% | 08/01/2025 | 0.1% |
California School Finance Authority | 5.000% | 07/01/2024 | 0.1% |
California Public Finance Authority | 0.000% | 05/14/2028 | 0.1% |
California County Tobacco Securitization Agency | 0.000% | 05/24/2055 | 0.1% |
Southwestern Community College District | 0.000% | 07/28/2041 | 0.1% |
California School Finance Authority | 5.000% | 07/01/2025 | 0.1% |
California Statewide Financing Authority | 0.000% | 05/24/2055 | 0.1% |
California Municipal Finance Authority | 5.000% | 06/01/2025 | 0.1% |
City Of Irvine Ca | 5.000% | 08/25/2044 | 0.1% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/26/2040 | 0.1% |
Tobacco Securitization Authority Of Southern Calif | 0.000% | 05/26/2046 | 0.1% |
California Municipal Finance Authority | 5.625% | 02/23/2045 | 0.1% |
California Municipal Finance Authority | 5.000% | 09/30/2027 | 0.1% |
Commonwealth Of Puerto Rico | 0.000% | 10/27/2043 | 0.1% |
Newport Mesa Unified School District | 0.000% | 07/26/2045 | 0.1% |
Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.1% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/24/2051 | 0.1% |
Inland Empire Tobacco Securitization Corp | 0.000% | 05/23/2057 | 0.0% |
Silicon Valley Tobacco Securitization Authority | 0.000% | 05/23/2056 | 0.0% |
Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.0% |
California Pollution Control Financing Authority | 4.300% | 06/26/2040 | 0.0% |
Commonwealth Of Puerto Rico | 5.750% | 06/29/2031 | 0.0% |
City Of Los Angeles Department Of Airports | 5.000% | 11/13/2031 | 0.0% |
California School Finance Authority | 5.000% | 08/01/2025 | 0.0% |
Commonwealth Of Puerto Rico | 0.000% | 07/01/2024 | 0.0% |
California Statewide Communities Development Autho | 0.000% | 06/27/2039 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.536% | 06/23/2053 | 0.0% |
USM4 - Futures | 0.000% | - | 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
- YTD Dividends Paidas of 04/18/2024
- $0.08219
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 03/31/2024 | $0.02726 | $10.18 |
Daily | Daily | 02/29/2024 | $0.02789 | $10.20 |
Daily | Daily | 01/31/2024 | $0.02705 | $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 | 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 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
09/08/1993 | 09/15/1993 | - | - | $0.3500 | $11.60 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 04/18/2024
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $10.29 |
$100,000 to $249,999 | 1.75% | 1.50% | $10.24 |
Greater than $250,000 | 0.00% | 1.00% | $10.06 |
The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.
Class A shares purchased without a sales charge (commissionable NAV) prior to 12/1/2021 will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls. However, effective 12/1/2021, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month of the 18-month anniversary of the purchase. Prior to 12/1/2021 purchases between $250,000 - $499,999 were subject to a front-end sales charge.
Expense Ratioas of 03/31/2024
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
0.76% | 0.76% |
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
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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