California Tax Free Fund
Daily price w/o sales charge as of 12/05/2023
$10.01
$0.01
YTD Returns w/o sales charge as of 12/05/2023
4.31%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.58% | 3.57% |
Average Yield to Worst as of 10/31/2023 |
5.07% |
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 10/31/2023
- Total Net Assets
- $509.30 M
- Inception Date
- 09/03/1985
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.77%
- Fund Net Expense Ratio
- 0.77%
- Number of Holdings
- 259
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 0.77%
Net 0.77%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | 3.95% | 3.98% | -2.32% | 1.31% | 2.88% | 5.10% |
Lipper Category Avg. California Municipal Debt Funds | - | - | - | - | - | - |
Bloomberg Municipal Bond Index | 3.99% | 4.28% | -0.96% | 2.03% | 2.77% | - |
w/ sales charge | 1.58% | 1.62% | -3.06% | 0.84% | 2.65% | 5.04% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.77%
Net 0.77%
Fund Expense Ratio :
Gross 0.77%
Net 0.77%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | -1.09% | 3.50% | -3.29% | 0.25% | 2.43% | 4.99% |
Lipper Category Avg. California Municipal Debt Funds | -1.53% | 2.64% | -2.78% | 0.37% | 2.33% | - |
Bloomberg Municipal Bond Index | -1.38% | 2.66% | -2.30% | 1.05% | 2.29% | - |
w/ sales charge | -3.34% | 1.16% | -4.01% | -0.21% | 2.20% | 4.93% |
Fund Expense Ratio :
Gross 0.77%
Net 0.77%
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 | |
Healthcare/Hospital | |
IDR/PCR | |
GO Local | |
Education | |
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 10/31/2023
Rating | Assets |
---|---|
AAA | |
AA | |
A | |
BBB | |
< BBB | |
Not Rated |
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Performance
Performance
Average Yield to Worst as of 10/31/2023
30-Day Standardized Yield 1 as of 11/30/2023
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.58% | 3.57% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.77%
Net 0.77%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | 3.95% | 3.98% | -2.32% | 1.31% | 2.88% | 5.10% |
Lipper Category Avg. California Municipal Debt Funds | - | - | - | - | - | - |
Bloomberg Municipal Bond Index | 3.99% | 4.28% | -0.96% | 2.03% | 2.77% | - |
w/ sales charge | 1.58% | 1.62% | -3.06% | 0.84% | 2.65% | 5.04% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.77%
Net 0.77%
Fund Expense Ratio :
Gross 0.77%
Net 0.77%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | -1.09% | 3.50% | -3.29% | 0.25% | 2.43% | 4.99% |
Lipper Category Avg. California Municipal Debt Funds | -1.53% | 2.64% | -2.78% | 0.37% | 2.33% | - |
Bloomberg Municipal Bond Index | -1.38% | 2.66% | -2.30% | 1.05% | 2.29% | - |
w/ sales charge | -3.34% | 1.16% | -4.01% | -0.21% | 2.20% | 4.93% |
Fund Expense Ratio :
Gross 0.77%
Net 0.77%
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 |
---|
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% | -2.55% |
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% | - |
2003 | 3.68% | - |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2023 | 2.88% | 0.57% | -4.40% | - | 4.31% |
2022 | -8.13% | -6.13% | -3.97% | 4.65% | -13.33% |
2021 | -0.29% | 2.38% | -0.75% | 1.31% | 2.65% |
2020 | -2.90% | 3.30% | 1.48% | 2.80% | 4.64% |
2019 | 3.32% | 2.84% | 2.29% | 0.56% | 9.30% |
2018 | -0.97% | 1.14% | -0.25% | 0.60% | 0.50% |
2017 | 1.86% | 2.38% | 1.01% | 1.31% | 6.71% |
2016 | 1.95% | 3.63% | -0.03% | -5.18% | 0.15% |
2015 | 1.11% | -1.26% | 1.70% | 2.07% | 3.64% |
2014 | 4.66% | 3.61% | 2.38% | 1.97% | 13.20% |
2013 | 0.48% | -3.91% | -0.73% | 0.25% | -3.92% |
2012 | 4.49% | 1.78% | 3.42% | 1.72% | 11.88% |
2011 | -0.74% | 5.27% | 3.63% | 2.68% | 11.18% |
2010 | 1.59% | 1.40% | 4.53% | -6.21% | 0.99% |
2009 | 6.14% | 4.21% | 10.78% | -2.00% | 20.07% |
2008 | -2.47% | 1.36% | -5.84% | -7.03% | -13.46% |
2007 | 0.61% | -0.94% | 0.04% | -0.26% | -0.56% |
2006 | 0.25% | -0.24% | 2.97% | 1.17% | 4.19% |
2005 | 0.32% | 3.10% | -0.03% | 0.53% | 3.95% |
2004 | 2.03% | -2.95% | 4.01% | 1.43% | 4.46% |
2003 | 0.69% | 2.98% | -1.69% | 1.70% | 3.68% |
2002 | 0.03% | 3.01% | 5.49% | -0.99% | 7.63% |
2001 | 1.78% | -0.68% | 4.28% | -0.97% | 4.40% |
2000 | 4.00% | 1.41% | 3.32% | 5.39% | 14.86% |
1999 | 0.71% | -2.95% | -2.06% | -2.14% | -6.35% |
1998 | 0.83% | 1.57% | 3.42% | 0.19% | 6.11% |
1997 | -0.81% | 3.11% | 3.53% | 2.78% | 8.85% |
1996 | -1.96% | 0.57% | 2.48% | 2.36% | 3.43% |
1995 | 7.75% | 2.21% | 2.16% | 4.36% | 17.41% |
1994 | -7.30% | -0.36% | 0.35% | -3.46% | -10.50% |
1993 | 5.07% | 3.47% | 3.93% | 0.82% | 13.87% |
1992 | 0.17% | 4.58% | 2.03% | 2.01% | 9.01% |
1991 | 1.91% | 2.69% | 4.31% | 3.89% | 13.41% |
1990 | 0.47% | 2.36% | 0.01% | 4.27% | 7.23% |
1989 | 0.64% | 6.08% | -0.13% | 3.02% | 9.85% |
1988 | 2.92% | 2.21% | 2.97% | 2.75% | 11.27% |
1987 | 2.88% | -6.58% | -4.12% | 6.92% | -1.45% |
1986 | 8.50% | -0.68% | 5.52% | 4.54% | 18.87% |
1985 | - | - | - | 8.05% | 4.99% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 11/30/2023
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 | |
Healthcare/Hospital | |
IDR/PCR | |
GO Local | |
Education | |
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 10/31/2023
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 10/31/2023
- Total Net Assets
- $509.30 M
- Average Effective Duration
- 8.94 Years
- Average Effective Maturity
- 20.2 Years
- Average Yield to Worst
- 5.07%
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 |
---|
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/09/2044 | 1.8% |
Alameda Corridor Transportation Authority | 5.000% | 09/22/2052 | 1.8% |
California State University | 5.250% | 10/23/2053 | 1.7% |
City Of Los Angeles Department Of Airports | 5.500% | 05/08/2047 | 1.4% |
Los Angeles Department Of Water & Power Water Syst | 2.800% | 11/01/2023 | 1.4% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/07/2049 | 1.4% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/09/2043 | 1.4% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/23/2052 | 1.4% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/28/2031 | 1.3% |
California Housing Finance Agency | 3.250% | 08/15/2036 | 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 |
---|
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/09/2044 | 1.8% |
Alameda Corridor Transportation Authority | 5.000% | 09/22/2052 | 1.8% |
California State University | 5.250% | 10/23/2053 | 1.7% |
City Of Los Angeles Department Of Airports | 5.500% | 05/08/2047 | 1.4% |
Los Angeles Department Of Water & Power Water Syst | 2.800% | 11/01/2023 | 1.4% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/07/2049 | 1.4% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/09/2043 | 1.4% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/23/2052 | 1.4% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/28/2031 | 1.3% |
California Housing Finance Agency | 3.250% | 08/15/2036 | 1.2% |
California Municipal Finance Authority | 5.000% | 12/24/2047 | 1.2% |
California Community Choice Financing Authority | 5.250% | 12/23/2053 | 1.1% |
University Of California | 5.000% | 05/07/2052 | 1.0% |
Los Angeles Department Of Water & Power | 5.000% | 06/23/2052 | 0.9% |
California Community Choice Financing Authority | 5.500% | 04/22/2054 | 0.9% |
California Community Choice Financing Authority | 4.000% | 04/22/2053 | 0.9% |
Palomar Health | 5.000% | 10/27/2039 | 0.9% |
California Municipal Finance Authority | 4.000% | 12/24/2047 | 0.9% |
San Diego Public Facilities Financing Authority | 5.250% | 10/06/2052 | 0.8% |
California Pollution Control Financing Authority | 5.000% | 11/15/2045 | 0.8% |
Alvord Unified School District | 5.000% | 07/23/2052 | 0.8% |
California Municipal Finance Authority | 5.000% | 12/27/2041 | 0.8% |
City Of Burbank Ca Electric Revenue | 5.000% | 05/23/2053 | 0.8% |
California Municipal Finance Authority | 4.000% | 05/08/2046 | 0.8% |
Northern California Energy Authority | 4.000% | 06/30/2024 | 0.7% |
California Pollution Control Financing Authority | 5.000% | 11/15/2045 | 0.7% |
California Health Facilities Financing Authority | 5.000% | 08/08/2047 | 0.7% |
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.750% | 06/22/2053 | 0.7% |
Southern California Public Power Authority | 5.000% | 10/28/2033 | 0.7% |
County Of Santa Barbara Ca | 5.000% | 11/26/2036 | 0.7% |
Palomar Health | 5.000% | 10/27/2036 | 0.7% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/26/2040 | 0.7% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/25/2041 | 0.7% |
California Infrastructure & Economic Development B | 4.000% | 06/23/2050 | 0.7% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/08/2046 | 0.7% |
Southern California Public Power Authority | 5.250% | 06/22/2053 | 0.7% |
California Educational Facilities Authority | 5.000% | 11/24/2044 | 0.7% |
University Of California | 5.000% | 05/11/2035 | 0.7% |
California State Public Works Board | 4.000% | 04/24/2046 | 0.7% |
San Diego County Regional Airport Authority | 5.000% | 06/23/2051 | 0.7% |
Irvine Facilities Financing Authority | 5.250% | 08/23/2053 | 0.6% |
California Municipal Finance Authority | 5.000% | 12/25/2043 | 0.6% |
California Municipal Finance Authority | 4.000% | 07/12/2029 | 0.6% |
State Of California | 5.250% | 08/25/2047 | 0.6% |
State Of California | 5.250% | 08/23/2053 | 0.6% |
California School Finance Authority | 5.000% | 07/26/2046 | 0.6% |
California Statewide Communities Development Autho | 5.000% | 05/11/2035 | 0.6% |
San Diego Unified School District/Ca | 3.000% | 06/25/2044 | 0.6% |
City Of Fresno Ca Airport Revenue | 5.000% | 06/24/2048 | 0.6% |
City Of Irvine Ca | 5.250% | 08/23/2053 | 0.6% |
California Health Facilities Financing Authority | 4.000% | 03/28/2035 | 0.6% |
San Diego Unified School District/Ca | 5.000% | 06/24/2048 | 0.6% |
Simi Valley Unified School District | 5.250% | 07/30/2031 | 0.6% |
Modesto Irrigation District | 5.250% | 09/23/2048 | 0.6% |
California Community Housing Agency | 4.000% | 01/24/2050 | 0.6% |
Regents Of The University Of California Medical Ce | 5.000% | 05/08/2047 | 0.6% |
City Of Los Angeles Ca Wastewater System Revenue | 5.000% | 05/26/2043 | 0.6% |
City Of Los Angeles Department Of Airports | 5.250% | 05/08/2047 | 0.6% |
Central Unified School District | 5.250% | 07/29/2033 | 0.6% |
M-S-R Energy Authority | 6.500% | 10/27/2039 | 0.6% |
California Community Choice Financing Authority | 5.000% | 06/22/2053 | 0.6% |
California Municipal Finance Authority | 5.250% | 05/23/2053 | 0.6% |
Riverside County Transportation Commission | 4.000% | 05/25/2047 | 0.6% |
State Of California | 4.000% | 10/27/2037 | 0.6% |
Southern California Public Power Authority | 5.250% | 06/22/2053 | 0.6% |
California Housing Finance Agency | 3.500% | 11/16/2035 | 0.6% |
California Health Facilities Financing Authority | 4.000% | 11/08/2045 | 0.6% |
California Community Choice Financing Authority | 4.000% | 09/22/2052 | 0.5% |
Bay Area Toll Authority | 5.000% | 03/23/2054 | 0.5% |
California Educational Facilities Authority | 5.000% | 10/24/2053 | 0.5% |
State Of California | 4.000% | 09/25/2041 | 0.5% |
California School Finance Authority | 5.000% | 06/25/2047 | 0.5% |
Tobacco Securitization Authority Of Northern Calif | 4.000% | 05/24/2049 | 0.5% |
State Of California | 5.250% | 09/23/2050 | 0.5% |
San Francisco Bay Area Rapid Transit District | 5.250% | 07/25/2047 | 0.5% |
California Statewide Communities Development Autho | 5.500% | 11/21/2058 | 0.5% |
California Health Facilities Financing Authority | 5.000% | 11/10/2038 | 0.5% |
Cscda Community Improvement Authority | 2.650% | 11/24/2046 | 0.5% |
California Health Facilities Financing Authority | 5.000% | 09/24/2044 | 0.5% |
Regents Of The University Of California Medical Ce | 3.500% | 05/06/2054 | 0.5% |
California Health Facilities Financing Authority | 3.000% | 10/27/2038 | 0.4% |
California State Public Works Board | 4.000% | 10/25/2046 | 0.4% |
San Leandro Unified School District | 5.250% | 07/24/2048 | 0.4% |
Brentwood Union School District | 5.250% | 07/29/2032 | 0.4% |
Regents Of The University Of California Medical Ce | 5.000% | 05/11/2035 | 0.4% |
California Statewide Communities Development Autho | 5.250% | 11/27/2034 | 0.4% |
California Statewide Communities Development Autho | 5.500% | 11/22/2054 | 0.4% |
Imperial Unified School District | 5.250% | 07/31/2027 | 0.4% |
Los Angeles Department Of Water & Power | 5.000% | 06/25/2043 | 0.4% |
Montebello Unified School District | 5.500% | 07/25/2047 | 0.4% |
State Of California | 5.000% | 03/26/2042 | 0.4% |
Regents Of The University Of California Medical Ce | 5.000% | 05/08/2047 | 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% | 06/24/2048 | 0.4% |
Ravenswood City School District/Ca | 5.250% | 07/29/2032 | 0.4% |
Washington Township Health Care District | 5.750% | 06/23/2053 | 0.4% |
Local Public Schools Funding Authority School Impr | 5.000% | 07/30/2028 | 0.4% |
City Of Los Angeles Department Of Airports | 5.250% | 05/08/2048 | 0.4% |
Puerto Rico Highway & Transportation Authority | 5.000% | 06/20/2062 | 0.4% |
City Of Los Angeles Department Of Airports | 5.000% | 05/12/2032 | 0.4% |
Cscda Community Improvement Authority | 3.000% | 05/25/2047 | 0.4% |
Sacramento Municipal Utility District | 5.000% | 08/07/2049 | 0.4% |
California Municipal Finance Authority | 5.000% | 01/27/2037 | 0.4% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/29/2026 | 0.4% |
California Educational Facilities Authority | 5.000% | 09/22/2053 | 0.4% |
California Statewide Financing Authority | 0.000% | 05/25/2046 | 0.4% |
California Health Facilities Financing Authority | 3.000% | 08/07/2051 | 0.4% |
Dublin Unified School District | 3.000% | 07/27/2041 | 0.4% |
Los Angeles Department Of Water & Power Water Syst | 5.000% | 06/23/2052 | 0.4% |
Poway Unified School District Public Financing Aut | 5.000% | 08/31/2025 | 0.4% |
Norman Y Mineta San Jose International Airport Sjc | 5.000% | 02/26/2031 | 0.4% |
San Leandro Unified School District | 5.250% | 07/31/2027 | 0.4% |
California Statewide Communities Development Autho | 5.000% | 11/29/2026 | 0.3% |
Compton Community Redevelopment Agency Successor A | 5.000% | 07/27/2037 | 0.3% |
California Community Choice Financing Authority | 5.000% | 11/22/2053 | 0.3% |
San Diego County Regional Airport Authority | 4.000% | 06/24/2046 | 0.3% |
California Municipal Finance Authority | 5.000% | 12/27/2034 | 0.3% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 12/28/2037 | 0.3% |
Imperial Community College District | 5.250% | 07/29/2033 | 0.3% |
Tobacco Securitization Authority Of Southern Calif | 5.000% | 05/25/2048 | 0.3% |
Washington Township Health Care District | 5.250% | 07/24/2048 | 0.3% |
University Of California | 5.000% | 05/11/2036 | 0.3% |
City Of Los Angeles Department Of Airports | 4.000% | 05/07/2049 | 0.3% |
California Health Facilities Financing Authority | 4.000% | 05/07/2051 | 0.3% |
Silicon Valley Tobacco Securitization Authority | 0.000% | 05/26/2041 | 0.3% |
California Enterprise Development Authority | 5.000% | 07/27/2040 | 0.3% |
North Orange County Community College District/Ca | 2.750% | 07/28/2036 | 0.3% |
Santa Clarita Community College District | 5.250% | 07/29/2032 | 0.3% |
Casitas Municipal Water District | 5.250% | 08/31/2027 | 0.3% |
San Joaquin Hills Transportation Corridor Agency | 4.000% | 01/07/2050 | 0.3% |
Antelope Valley Healthcare District | 5.000% | 02/27/2026 | 0.3% |
University Of California | 4.000% | 05/09/2041 | 0.3% |
California Community Choice Financing Authority | 5.000% | 01/23/2054 | 0.3% |
California Health Facilities Financing Authority | 4.000% | 11/07/2048 | 0.3% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/24/2045 | 0.3% |
Commonwealth Of Puerto Rico | 4.000% | 06/24/2046 | 0.3% |
Irvine Unified School District | 4.250% | 08/25/2050 | 0.3% |
San Diego County Regional Airport Authority | 4.000% | 06/24/2046 | 0.3% |
Port Commission Of The City & County Of San Franci | 5.000% | 03/01/2024 | 0.3% |
County Of Los Angeles Ca Community Facilities Dist | 5.000% | 08/23/2052 | 0.3% |
Inland Valley Development Agency | 5.250% | 08/27/2037 | 0.3% |
California Health Facilities Financing Authority | 5.000% | 11/11/2032 | 0.3% |
Foothill-Eastern Transportation Corridor Agency | 0.000% | 01/09/2042 | 0.3% |
City Of Long Beach Ca Airport System Revenue | 5.250% | 05/25/2047 | 0.2% |
San Rafael City High School District/Ca | 5.250% | 07/30/2030 | 0.2% |
Commonwealth Of Puerto Rico | 0.000% | 10/25/2051 | 0.2% |
California Municipal Finance Authority | 3.000% | 10/25/2048 | 0.2% |
Los Angeles Department Of Water & Power | 5.000% | 06/23/2051 | 0.2% |
California Municipal Finance Authority | 5.000% | 12/27/2035 | 0.2% |
California Municipal Finance Authority | 4.000% | 01/25/2051 | 0.2% |
Cscda Community Improvement Authority | 3.000% | 02/19/2057 | 0.2% |
California Health Facilities Financing Authority | 5.000% | 11/05/2056 | 0.2% |
Banning Unified School District | 5.250% | 07/31/2027 | 0.2% |
County Of Sacramento Ca Airport System Revenue | 5.000% | 06/25/2041 | 0.2% |
Golden State Tobacco Securitization Corp | 5.000% | 05/28/2034 | 0.2% |
Transbay Joint Powers Authority | 5.000% | 09/30/2025 | 0.2% |
California Pollution Control Financing Authority | 5.000% | 06/27/2039 | 0.2% |
California Municipal Finance Authority | 5.250% | 06/30/2024 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 04/27/2033 | 0.2% |
Santa Monica-Malibu Unified School District | 3.000% | 07/25/2044 | 0.2% |
Transbay Joint Powers Authority | 5.000% | 03/30/2030 | 0.2% |
West Contra Costa Unified School District | 6.000% | 07/30/2027 | 0.2% |
City Of Los Angeles Department Of Airports | 5.500% | 11/13/2031 | 0.2% |
Morgan Hill Unified School District | 5.250% | 07/29/2032 | 0.2% |
California Municipal Finance Authority | 5.000% | 08/14/2024 | 0.2% |
California Pollution Control Financing Authority | 5.000% | 11/15/2045 | 0.2% |
City Of San Francisco Ca Public Utilities Commissi | 5.250% | 10/23/2052 | 0.2% |
Santa Rita Union School District | 2.500% | 07/30/2031 | 0.2% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/23/2052 | 0.2% |
Ripon Unified School District | 5.500% | 07/31/2025 | 0.2% |
California Health Facilities Financing Authority | 4.000% | 03/26/2044 | 0.2% |
State Of California | 5.000% | 09/25/2041 | 0.2% |
California Health Facilities Financing Authority | 4.000% | 03/25/2045 | 0.2% |
California Municipal Finance Authority | 5.250% | 10/23/2052 | 0.2% |
Tobacco Securitization Authority Of Southern Calif | 5.000% | 05/27/2038 | 0.2% |
City Of Long Beach Ca Harbor Revenue | 5.000% | 05/14/2025 | 0.2% |
River Islands Public Financing Authority | 5.250% | 08/23/2052 | 0.2% |
Tobacco Securitization Authority Of Southern Calif | 5.000% | 05/27/2039 | 0.2% |
California Municipal Finance Authority | 5.000% | 09/30/2027 | 0.2% |
City Of Irvine Ca | 5.000% | 09/01/2025 | 0.2% |
Irvine Unified School District | 5.000% | 08/27/2038 | 0.2% |
Southern California Public Power Authority | 5.000% | 06/26/2038 | 0.2% |
City Of Roseville Ca | 5.000% | 08/29/2031 | 0.2% |
Long Beach Bond Finance Authority | 5.199% | 11/14/2026 | 0.2% |
Stockton Public Financing Authority | 5.000% | 08/31/2024 | 0.2% |
Tobacco Securitization Authority Of Northern Calif | 4.000% | 05/29/2036 | 0.2% |
Tustin Community Facilities District | 5.000% | 08/31/2025 | 0.2% |
Abag Finance Authority For Nonprofit Corps | 5.000% | 07/26/2043 | 0.2% |
City Of Sacramento Ca Transient Occupancy Tax Reve | 5.000% | 05/25/2048 | 0.2% |
Irvine Unified School District | 5.000% | 08/23/2056 | 0.2% |
California Educational Facilities Authority | 5.000% | 03/27/2040 | 0.2% |
Antelope Valley Healthcare District | 5.250% | 02/26/2036 | 0.2% |
City Of Los Angeles Department Of Airports | 5.000% | 05/07/2051 | 0.2% |
California Enterprise Development Authority | 5.000% | 08/30/2048 | 0.2% |
California Educational Facilities Authority | 5.000% | 09/23/2048 | 0.2% |
Foothill-Eastern Transportation Corridor Agency | 0.000% | 01/11/2033 | 0.2% |
California School Finance Authority | 5.000% | 07/28/2038 | 0.2% |
City Of Oroville Ca | 5.250% | 03/24/2049 | 0.2% |
California Community Choice Financing Authority | 4.000% | 01/24/2052 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 06/25/2046 | 0.2% |
California Statewide Communities Development Autho | 5.250% | 11/21/2056 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 09/25/2045 | 0.2% |
California Municipal Finance Authority | 4.000% | 08/11/2037 | 0.2% |
Orafac 5% 08/47 | 5.000% | - | 0.2% |
San Benito High School District | 0.000% | 07/27/2043 | 0.2% |
California Public Finance Authority | 4.000% | 07/07/2051 | 0.2% |
California Statewide Communities Development Autho | 4.000% | 06/24/2048 | 0.2% |
California Health Facilities Financing Authority | 3.000% | 09/24/2047 | 0.2% |
California Community Housing Agency | 5.000% | 07/24/2050 | 0.2% |
California Health Facilities Financing Authority | 3.000% | 09/25/2041 | 0.2% |
California Statewide Communities Development Autho | 4.000% | 05/08/2046 | 0.2% |
Tobacco Securitization Authority Of Southern Calif | 0.000% | 05/23/2054 | 0.2% |
Grossmont Union High School District | 0.000% | 05/28/2040 | 0.2% |
San Joaquin Hills Transportation Corridor Agency | 0.000% | 01/11/2036 | 0.2% |
Southern California Public Power Authority | 3.039% | 10/28/2038 | 0.1% |
Santa Barbara Unified School District | 4.000% | 07/28/2036 | 0.1% |
Guam Power Authority | 5.000% | 09/30/2024 | 0.1% |
Cscda Community Improvement Authority | 4.000% | 07/22/2056 | 0.1% |
Cscda Community Improvement Authority | 4.000% | 11/21/2056 | 0.1% |
San Benito High School District | 0.000% | 07/27/2042 | 0.1% |
M-S-R Energy Authority | 6.500% | 10/27/2039 | 0.1% |
Cupertino Union School District | 2.500% | 07/29/2033 | 0.1% |
Transbay Joint Powers Authority | 5.000% | 09/27/2038 | 0.1% |
California School Finance Authority | 5.000% | 06/30/2024 | 0.1% |
California School Finance Authority | 4.000% | 07/25/2051 | 0.1% |
Golden State Tobacco Securitization Corp | 0.000% | 05/20/2066 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 4.000% | 06/25/2042 | 0.1% |
California School Finance Authority | 5.000% | 07/26/2045 | 0.1% |
California Public Finance Authority | 0.000% | 05/13/2028 | 0.1% |
Newport Mesa Unified School District | 0.000% | 07/26/2041 | 0.1% |
California Municipal Finance Authority | 5.000% | 01/27/2040 | 0.1% |
California School Finance Authority | 5.000% | 06/25/2045 | 0.1% |
City Of Irvine Ca | 5.000% | 08/25/2044 | 0.1% |
California Municipal Finance Authority | 5.000% | 05/25/2050 | 0.1% |
Southwestern Community College District | 0.000% | 07/27/2041 | 0.1% |
California Municipal Finance Authority | 5.625% | 02/22/2045 | 0.1% |
Riverside County Transportation Commission | 0.000% | 05/31/2028 | 0.1% |
California County Tobacco Securitization Agency | 0.000% | 05/23/2055 | 0.1% |
California Statewide Financing Authority | 0.000% | 05/23/2055 | 0.1% |
California Municipal Finance Authority | 5.000% | 09/30/2027 | 0.1% |
Tobacco Securitization Authority Of Southern Calif | 0.000% | 05/25/2046 | 0.1% |
Riverside County Transportation Commission | 0.000% | 05/31/2028 | 0.1% |
Commonwealth Of Puerto Rico | 0.000% | 10/27/2043 | 0.1% |
Newport Mesa Unified School District | 0.000% | 07/25/2045 | 0.1% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/26/2040 | 0.1% |
Transbay Joint Powers Authority | 5.000% | 03/30/2030 | 0.1% |
Transbay Joint Powers Authority | 5.000% | 09/28/2035 | 0.0% |
California Pollution Control Financing Authority | 4.300% | 06/26/2040 | 0.0% |
Commonwealth Of Puerto Rico | 5.750% | 06/28/2031 | 0.0% |
Inland Empire Tobacco Securitization Corp | 0.000% | 05/22/2057 | 0.0% |
Silicon Valley Tobacco Securitization Authority | 0.000% | 05/23/2056 | 0.0% |
City Of Los Angeles Department Of Airports | 5.000% | 11/13/2031 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/23/2051 | 0.0% |
California School Finance Authority | 5.000% | 07/31/2025 | 0.0% |
Commonwealth Of Puerto Rico | 0.000% | 06/30/2024 | 0.0% |
California Statewide Communities Development Autho | 5.500% | 06/26/2039 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.536% | 06/22/2053 | 0.0% |
USZ3 - 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 12/05/2023
- $0.28425
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 11/30/2023 | $0.02767 | $9.98 |
Daily | Daily | 10/31/2023 | $0.02705 | $9.35 |
Daily | Daily | 09/30/2023 | $0.02682 | $9.55 |
Daily | Daily | 08/31/2023 | $0.02636 | $9.89 |
Daily | Daily | 07/31/2023 | $0.02597 | $10.07 |
Daily | Daily | 06/30/2023 | $0.02620 | $10.07 |
Daily | Daily | 05/31/2023 | $0.02536 | $9.97 |
Daily | Daily | 04/30/2023 | $0.02504 | $10.07 |
Daily | Daily | 03/31/2023 | $0.02516 | $10.09 |
Daily | Daily | 02/28/2023 | $0.02510 | $9.92 |
Daily | Daily | 01/31/2023 | $0.02351 | $10.22 |
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 | 12/31/2023 |
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 12/05/2023
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $10.24 |
$100,000 to $249,999 | 1.75% | 1.50% | $10.19 |
Greater than $250,000 | 0.00% | 1.00% | $10.01 |
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 10/31/2023
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
0.77% | 0.77% |
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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