California Tax Free Fund
Daily price w/o sales charge as of 06/09/2023
$10.02
$0.01
YTD Returns w/o sales charge as of 06/09/2023
2.76%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Dividend Yield 1 as of 06/09/2023
w/o sales charge | 3.04% |
w/ sales charge | 2.97% |
30-Day Standardized Yield 2 as of 05/31/2023 |
3.27% |
Average Yield to Worst as of 04/28/2023 |
4.16% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.
Fund Basicsas of 04/28/2023
- Total Net Assets
- $507.09 M
- Inception Date
- 09/03/1985
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.77%
- Fund Net Expense Ratio
- 0.77%
- Number of Holdings
- 286
- 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 | 2.16% | -0.78% | -1.19% | 0.88% | 2.26% | 5.13% |
Lipper Category Avg. California Municipal Debt Funds | 1.71% | -0.81% | -0.81% | 0.98% | 2.16% | - |
Bloomberg Municipal Bond Index | 1.65% | 0.49% | -0.64% | 1.65% | 2.28% | - |
w/ sales charge | -0.16% | -3.03% | -1.95% | 0.42% | 2.02% | 5.06% |
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 | 2.88% | -2.96% | -0.46% | 1.22% | 2.35% | 5.17% |
Lipper Category Avg. California Municipal Debt Funds | 2.42% | -2.26% | -0.09% | 1.32% | 2.24% | - |
Bloomberg Municipal Bond Index | 2.78% | 0.26% | 0.35% | 2.03% | 2.38% | - |
w/ sales charge | 0.53% | -5.17% | -1.20% | 0.75% | 2.11% | 5.11% |
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 | |
IDR/PCR | |
Healthcare/Hospital | |
GO Local | |
Education | |
Special Tax | |
Power | |
Housing | |
Lease | |
GO State | |
Pre-Refunded | |
VRDN | |
Water & Sewer | |
Other |
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 04/28/2023
Rating | Assets |
---|---|
AAA | |
AA | |
A | |
BBB | |
< BBB | |
Not Rated |
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Performance
Performance
Dividend Yield 1 as of 06/09/2023
w/o sales charge | 3.04% |
w/ sales charge | 2.97% |
30-Day Standardized Yield 2 as of 05/31/2023
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 3.27% | 3.27% |
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 | 2.16% | -0.78% | -1.19% | 0.88% | 2.26% | 5.13% |
Lipper Category Avg. California Municipal Debt Funds | 1.71% | -0.81% | -0.81% | 0.98% | 2.16% | - |
Bloomberg Municipal Bond Index | 1.65% | 0.49% | -0.64% | 1.65% | 2.28% | - |
w/ sales charge | -0.16% | -3.03% | -1.95% | 0.42% | 2.02% | 5.06% |
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 | 2.88% | -2.96% | -0.46% | 1.22% | 2.35% | 5.17% |
Lipper Category Avg. California Municipal Debt Funds | 2.42% | -2.26% | -0.09% | 1.32% | 2.24% | - |
Bloomberg Municipal Bond Index | 2.78% | 0.26% | 0.35% | 2.03% | 2.38% | - |
w/ sales charge | 0.53% | -5.17% | -1.20% | 0.75% | 2.11% | 5.11% |
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% | - | - | - | 2.76% |
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 03/31/2023
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 | |
IDR/PCR | |
Healthcare/Hospital | |
GO Local | |
Education | |
Special Tax | |
Power | |
Housing | |
Lease | |
GO State | |
Pre-Refunded | |
VRDN | |
Water & Sewer | |
Other |
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 04/28/2023
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 04/28/2023
- Total Net Assets
- $507.09 M
- Number of Issues
- 286
- Average Coupon
- 4.5%
- Average Effective Maturity
- 19.8 Years
- Average Effective Duration
- 8.4 Years
- Average Yield to Worst
- 4.16%
To view definitions for the above Portfolio Details, Click here.
Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.
Average 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 - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.
Holdings | Coupon | Maturity | Assets |
---|
Alameda Corridor Transportation Authority | 5.000% | 09/20/2052 | 1.9% |
California Housing Finance Agency | 3.250% | 08/13/2036 | 1.9% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/07/2043 | 1.7% |
City Of Los Angeles Department Of Airports | 5.500% | 05/06/2047 | 1.6% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/26/2031 | 1.5% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/20/2052 | 1.4% |
Los Angeles Department Of Water & Power Water Syst | 3.400% | 05/01/2023 | 1.3% |
Southern California Public Power Authority | 5.000% | 10/26/2033 | 1.2% |
M-S-R Energy Authority | 7.000% | 10/26/2034 | 1.2% |
California Health Facilities Financing Authority | 4.000% | 03/26/2035 | 1.1% |
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 |
---|
Alameda Corridor Transportation Authority | 5.000% | 09/20/2052 | 1.9% |
California Housing Finance Agency | 3.250% | 08/13/2036 | 1.9% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/07/2043 | 1.7% |
City Of Los Angeles Department Of Airports | 5.500% | 05/06/2047 | 1.6% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/26/2031 | 1.5% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/20/2052 | 1.4% |
Los Angeles Department Of Water & Power Water Syst | 3.400% | 05/01/2023 | 1.3% |
Southern California Public Power Authority | 5.000% | 10/26/2033 | 1.2% |
M-S-R Energy Authority | 7.000% | 10/26/2034 | 1.2% |
California Health Facilities Financing Authority | 4.000% | 03/26/2035 | 1.1% |
University Of California | 5.000% | 05/04/2052 | 1.0% |
Los Angeles Department Of Water & Power | 5.000% | 06/20/2052 | 1.0% |
California Municipal Finance Authority | 4.000% | 12/22/2047 | 1.0% |
California Municipal Finance Authority | 5.000% | 12/23/2043 | 1.0% |
San Diego Public Facilities Financing Authority | 5.250% | 10/04/2052 | 0.9% |
California Pollution Control Financing Authority | 5.000% | 07/01/2023 | 0.9% |
California Municipal Finance Authority | 4.000% | 05/06/2046 | 0.9% |
California Community Choice Financing Authority | 4.000% | 04/20/2053 | 0.9% |
California Municipal Finance Authority | 5.000% | 12/30/2027 | 0.9% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/21/2050 | 0.8% |
City Of Burbank Ca Electric Revenue | 5.000% | 05/21/2053 | 0.8% |
California Pollution Control Financing Authority | 5.000% | 12/30/2028 | 0.8% |
Palomar Health | 5.000% | 10/25/2039 | 0.8% |
California Infrastructure & Economic Development B | 4.000% | 06/21/2050 | 0.7% |
California State Public Works Board | 4.000% | 04/22/2046 | 0.7% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/23/2040 | 0.7% |
County Of Santa Barbara Ca | 5.000% | 11/23/2036 | 0.7% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 5.000% | 06/19/2058 | 0.7% |
San Diego Unified School District/Ca | 3.000% | 06/22/2044 | 0.7% |
California Community Choice Financing Authority | 4.000% | 01/22/2052 | 0.7% |
University Of California | 4.000% | 05/06/2046 | 0.7% |
Irvine Facilities Financing Authority | 5.250% | 08/21/2053 | 0.7% |
State Of California | 5.250% | 08/23/2047 | 0.7% |
Modesto Irrigation District | 5.250% | 09/21/2048 | 0.7% |
California Municipal Finance Authority | 4.000% | 07/10/2029 | 0.7% |
Riverside County Transportation Commission | 4.000% | 05/23/2047 | 0.7% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/06/2046 | 0.7% |
City Of Los Angeles Department Of Airports | 5.250% | 05/06/2047 | 0.7% |
California Municipal Finance Authority | 5.250% | 05/21/2053 | 0.6% |
California Health Facilities Financing Authority | 4.000% | 11/06/2045 | 0.6% |
California Community Choice Financing Authority | 5.000% | 06/20/2053 | 0.6% |
California Community Choice Financing Authority | 5.250% | 12/21/2053 | 0.6% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/07/2044 | 0.6% |
Univ Ca Rgts-L-Ref 5% 05/15/2047 | 5.000% | - | 0.6% |
M-S-R Energy Authority | 6.500% | 10/25/2039 | 0.6% |
California Housing Finance Agency | 3.500% | 11/14/2035 | 0.6% |
California Health Facilities Financing Authority | 5.000% | 08/06/2047 | 0.6% |
Southern California Public Power Authority | 5.250% | 06/20/2053 | 0.6% |
Tobacco Securitization Authority Of Northern Calif | 4.000% | 05/22/2049 | 0.6% |
Bay Area Toll Authority | 5.000% | 03/21/2054 | 0.6% |
State Of California | 5.250% | 09/21/2050 | 0.6% |
University Of California | 5.250% | 05/03/2058 | 0.5% |
Territory Of Guam | 4.000% | 12/26/2035 | 0.5% |
California Health Facilities Financing Authority | 3.000% | 10/25/2038 | 0.5% |
Cscda Community Improvement Authority | 3.000% | 02/16/2057 | 0.5% |
San Francisco Bay Area Rapid Transit District | 5.250% | 07/23/2047 | 0.5% |
State Of California | 5.250% | 07/26/2032 | 0.5% |
Cscda Community Improvement Authority | 2.650% | 11/22/2046 | 0.5% |
California Statewide Communities Development Autho | 5.500% | 11/19/2058 | 0.5% |
Northern California Energy Authority | 4.000% | 06/21/2049 | 0.5% |
Oxnard Union High School District | 4.000% | 07/23/2047 | 0.5% |
California State Public Works Board | 4.000% | 10/23/2046 | 0.5% |
California Health Facilities Financing Authority | 5.000% | 09/22/2044 | 0.5% |
Regents Of The University Of California Medical Ce | 5.000% | 05/09/2035 | 0.5% |
Brentwood Union School District | 5.250% | 07/29/2032 | 0.5% |
California Community Choice Financing Authority | 4.000% | 09/20/2052 | 0.5% |
San Leandro Unified School District | 5.250% | 07/22/2048 | 0.5% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/06/2046 | 0.5% |
California School Finance Authority | 5.000% | 07/26/2046 | 0.5% |
Los Angeles Department Of Water & Power | 5.000% | 06/23/2043 | 0.4% |
State Of California | 5.000% | 03/24/2042 | 0.4% |
Montebello Unified School District | 5.500% | 07/23/2047 | 0.4% |
City & County Of San Francisco Ca Special Tax Dist | 4.000% | 08/24/2041 | 0.4% |
Imperial Unified School District | 5.250% | 07/31/2027 | 0.4% |
California Statewide Communities Development Autho | 5.500% | 11/20/2054 | 0.4% |
California Statewide Communities Development Autho | 5.250% | 11/25/2034 | 0.4% |
Regents Of The University Of California Medical Ce | 5.000% | 05/06/2047 | 0.4% |
Cscda Community Improvement Authority | 3.000% | 05/23/2047 | 0.4% |
San Francisco City & County Public Utilities Commi | 5.000% | 09/22/2046 | 0.4% |
Los Angeles Department Of Water & Power | 5.000% | 06/21/2048 | 0.4% |
City Of Los Angeles Department Of Airports | 5.000% | 05/09/2032 | 0.4% |
Anaheim Public Financing Authority | 5.000% | 08/26/2035 | 0.4% |
Golden State Tobacco Securitization Corp | 0.000% | 05/18/2066 | 0.4% |
Local Public Schools Funding Authority School Impr | 5.000% | 07/30/2028 | 0.4% |
Long Beach Bond Finance Authority | 5.500% | 11/08/2037 | 0.4% |
City Of Los Angeles Department Of Airports | 5.250% | 05/05/2048 | 0.4% |
San Diego County Regional Airport Authority | 5.000% | 06/21/2051 | 0.4% |
Dublin Unified School District | 3.000% | 07/27/2041 | 0.4% |
Los Angeles Department Of Water & Power | 3.380% | 05/01/2023 | 0.4% |
California Statewide Financing Authority | 0.000% | 05/23/2046 | 0.4% |
California Health Facilities Financing Authority | 3.000% | 08/05/2051 | 0.4% |
California Educational Facilities Authority | 5.000% | 09/20/2053 | 0.4% |
California Health Facilities Financing Authority | 3.000% | 02/22/2039 | 0.4% |
California Municipal Finance Authority | 5.000% | 01/23/2047 | 0.4% |
Central Unified School District | 5.250% | 07/29/2033 | 0.4% |
M-S-R Energy Authority | 6.125% | 10/27/2029 | 0.4% |
San Diego County Regional Airport Authority | 4.000% | 06/22/2046 | 0.4% |
River Islands Public Financing Authority | 4.000% | 08/26/2045 | 0.4% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/04/2049 | 0.4% |
Norman Y Mineta San Jose International Airport Sjc | 5.000% | 02/24/2031 | 0.4% |
Mountain House Public Financing Authority | 4.125% | 11/24/2048 | 0.4% |
Compton Community Redevelopment Agency Successor A | 5.000% | 07/25/2037 | 0.4% |
California Educational Facilities Authority | 4.000% | 03/23/2047 | 0.4% |
San Leandro Unified School District | 5.250% | 07/31/2027 | 0.4% |
California Community Choice Financing Authority | 5.000% | 11/20/2053 | 0.4% |
Poway Unified School District Public Financing Aut | 5.000% | 08/31/2025 | 0.4% |
North Orange County Community College District/Ca | 2.750% | 07/28/2036 | 0.4% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 12/30/2028 | 0.4% |
California Municipal Finance Authority | 5.000% | 12/25/2034 | 0.4% |
University Of California | 5.000% | 05/08/2036 | 0.4% |
California Enterprise Development Authority | 5.000% | 07/30/2030 | 0.4% |
Silicon Valley Tobacco Securitization Authority | 0.000% | 05/24/2041 | 0.4% |
Tobacco Securitization Authority Of Southern Calif | 5.000% | 05/22/2048 | 0.3% |
Santa Clarita Community College District | 5.250% | 07/29/2032 | 0.3% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/25/2032 | 0.3% |
University Of California | 4.000% | 05/07/2041 | 0.3% |
California Health Facilities Financing Authority | 4.000% | 11/07/2042 | 0.3% |
San Diego County Regional Airport Authority | 4.000% | 06/22/2046 | 0.3% |
Commonwealth Of Puerto Rico | 4.000% | 06/22/2046 | 0.3% |
Los Angeles Department Of Water & Power | 5.250% | 06/24/2037 | 0.3% |
Casitas Municipal Water District | 5.250% | 08/31/2027 | 0.3% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/22/2045 | 0.3% |
Local Public Schools Funding Authority School Impr | 4.000% | 07/24/2052 | 0.3% |
Temecula Valley Unified School District Financing | 5.000% | 02/28/2025 | 0.3% |
California Educational Facilities Authority | 5.000% | 11/21/2044 | 0.3% |
County Of Los Angeles Ca Community Facilities Dist | 5.000% | 08/21/2052 | 0.3% |
California Community Housing Agency | 4.000% | 01/22/2050 | 0.3% |
California Municipal Finance Authority | 5.000% | 09/30/2023 | 0.3% |
California Municipal Finance Authority | 3.000% | 10/25/2048 | 0.3% |
City Of Oroville Ca | 5.250% | 03/21/2049 | 0.3% |
Adelanto Public Utility Authority | 5.000% | 06/30/2027 | 0.3% |
Port Commission Of The City & County Of San Franci | 5.000% | 02/29/2024 | 0.3% |
Long Beach Bond Finance Authority | 5.000% | 11/10/2029 | 0.3% |
City Of Long Beach Ca Airport System Revenue | 5.250% | 05/23/2047 | 0.3% |
California County Tobacco Securitization Agency | 4.000% | 05/25/2049 | 0.3% |
San Rafael City High School District/Ca | 5.250% | 07/30/2030 | 0.3% |
Inland Valley Development Agency | 5.250% | 08/25/2037 | 0.3% |
Foothill-Eastern Transportation Corridor Agency | 0.000% | 01/07/2042 | 0.3% |
Los Angeles Department Of Water & Power | 5.000% | 06/21/2051 | 0.3% |
Palomar Health | 5.000% | 10/24/2036 | 0.3% |
California Educational Facilities Authority | 5.000% | 11/29/2028 | 0.3% |
Panama-Buena Vista Union School District/Ca | 2.625% | 07/28/2037 | 0.3% |
San Francisco City & County Public Utilities Commi | 4.000% | 09/23/2043 | 0.2% |
Santa Monica-Malibu Unified School District | 3.000% | 07/23/2044 | 0.2% |
Santa Rita Union School District | 2.500% | 07/30/2031 | 0.2% |
Banning Unified School District | 5.250% | 07/31/2027 | 0.2% |
Golden State Tobacco Securitization Corp | 5.000% | 05/26/2034 | 0.2% |
California Health Facilities Financing Authority | 4.000% | 03/24/2044 | 0.2% |
County Of Sacramento Ca Airport System Revenue | 5.000% | 06/23/2041 | 0.2% |
San Rafael City Elementary School District | 4.500% | 07/30/2028 | 0.2% |
California Health Facilities Financing Authority | 4.000% | 03/22/2045 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 04/25/2033 | 0.2% |
Transbay Joint Powers Authority | 5.000% | 03/30/2030 | 0.2% |
California Educational Facilities Authority | 0.000% | 09/25/2033 | 0.2% |
City Of Los Angeles Department Of Airports | 5.500% | 11/12/2031 | 0.2% |
Commonwealth Of Puerto Rico | 0.000% | 10/25/2051 | 0.2% |
Morgan Hill Unified School District | 5.250% | 07/29/2032 | 0.2% |
Transbay Joint Powers Authority | 5.000% | 09/30/2025 | 0.2% |
Washington Township Health Care District | 5.000% | 06/29/2029 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 05/09/2035 | 0.2% |
West Contra Costa Unified School District | 6.000% | 07/28/2027 | 0.2% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/20/2052 | 0.2% |
Ca Poll Control Fing 5% 11/21/2045 | 5.000% | - | 0.2% |
California Municipal Finance Authority | 5.000% | 06/30/2027 | 0.2% |
California Municipal Finance Authority | 5.250% | 06/30/2024 | 0.2% |
River Islands Public Financing Authority | 5.250% | 08/21/2052 | 0.2% |
State Of California | 5.000% | 09/23/2041 | 0.2% |
Golden State Tobacco Securitization Corp | 5.000% | 05/27/2029 | 0.2% |
San Benito High School District | 0.000% | 07/27/2043 | 0.2% |
City Of Los Angeles Department Of Airports | 5.000% | 05/08/2039 | 0.2% |
Fresno Unified School District | 5.000% | 07/23/2046 | 0.2% |
San Diego Public Facilities Financing Authority | 5.000% | 07/24/2043 | 0.2% |
Tobacco Securitization Authority Of Southern Calif | 5.000% | 05/25/2038 | 0.2% |
California Municipal Finance Authority | 5.000% | 08/14/2024 | 0.2% |
Tobacco Securitization Authority Of Northern Calif | 4.000% | 11/29/2030 | 0.2% |
Tobacco Securitization Authority Of Southern Calif | 5.000% | 05/25/2039 | 0.2% |
Ripon Unified School District | 5.500% | 07/31/2025 | 0.2% |
City Of Los Angeles Department Of Airports | 5.000% | 05/07/2043 | 0.2% |
City Of Los Angeles Department Of Airports | 5.000% | 05/05/2051 | 0.2% |
City Of Sacramento Ca Transient Occupancy Tax Reve | 5.000% | 05/22/2048 | 0.2% |
California Municipal Finance Authority | 5.000% | 12/25/2035 | 0.2% |
City Of Long Beach Ca Harbor Revenue | 5.000% | 05/14/2025 | 0.2% |
San Francisco City & County Airport Comm-San Franc | 5.250% | 04/23/2042 | 0.2% |
California Municipal Finance Authority | 5.000% | 09/29/2027 | 0.2% |
Irvine Unified School District | 5.000% | 08/31/2027 | 0.2% |
California County Tobacco Securitization Agency | 5.000% | 05/22/2049 | 0.2% |
California Educational Facilities Authority | 5.000% | 09/21/2048 | 0.2% |
City Of Irvine Ca | 5.000% | 09/01/2025 | 0.2% |
Foothill-Eastern Transportation Corridor Agency | 0.000% | 01/08/2033 | 0.2% |
City Of Roseville Ca | 5.000% | 08/27/2031 | 0.2% |
Tustin Community Facilities District | 5.000% | 08/31/2025 | 0.2% |
California Educational Facilities Authority | 5.000% | 03/25/2039 | 0.2% |
California School Finance Authority | 5.000% | 07/30/2028 | 0.2% |
Irvine Unified School District | 5.000% | 08/25/2038 | 0.2% |
Orange County Community Facilities District | 5.000% | 08/06/2047 | 0.2% |
Southern California Public Power Authority | 5.000% | 06/24/2038 | 0.2% |
Antelope Valley Healthcare District | 5.250% | 02/24/2036 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 06/30/2026 | 0.2% |
Sweetwater Union High School District | 5.000% | 07/28/2027 | 0.2% |
California Educational Facilities Authority | 5.000% | 03/25/2040 | 0.2% |
California Municipal Finance Authority | 5.000% | 12/22/2047 | 0.2% |
Stockton Public Financing Authority | 5.000% | 08/31/2024 | 0.2% |
City Of San Diego Tobacco Settlement Revenue Fundi | 4.000% | 05/26/2032 | 0.2% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/27/2026 | 0.2% |
Abag Finance Authority For Nonprofit Corps | 5.000% | 07/24/2043 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 09/30/2025 | 0.2% |
Long Beach Bond Finance Authority | 4.688% | 11/14/2026 | 0.2% |
West Contra Costa Unified School District | 4.000% | 07/30/2028 | 0.2% |
Bay Area Toll Authority | 3.100% | 05/01/2023 | 0.2% |
California Municipal Finance Authority | 4.000% | 08/11/2037 | 0.2% |
Orange Unified School District | 4.000% | 07/23/2047 | 0.2% |
California Public Finance Authority | 4.000% | 07/05/2051 | 0.2% |
California Statewide Communities Development Autho | 5.250% | 11/18/2056 | 0.2% |
City Of San Clemente Ca | 5.000% | 08/24/2040 | 0.2% |
California Statewide Communities Development Autho | 4.000% | 05/06/2046 | 0.2% |
California Statewide Communities Development Autho | 4.000% | 06/21/2048 | 0.2% |
San Gorgonio Memorial Health Care District | 5.000% | 07/26/2032 | 0.2% |
Lake Elsinore Public Financing Authority | 5.000% | 08/26/2035 | 0.2% |
California Community Housing Agency | 5.000% | 07/22/2050 | 0.2% |
Tobacco Securitization Authority Of Southern Calif | 0.000% | 05/21/2054 | 0.2% |
Grossmont Union High School District | 0.000% | 01/31/2025 | 0.2% |
San Joaquin Hills Transportation Corridor Agency | 0.000% | 01/09/2036 | 0.2% |
Transbay Joint Powers Authority | 5.000% | 03/30/2030 | 0.2% |
Perris Union High School District/Ca | 3.000% | 08/23/2044 | 0.2% |
California Municipal Finance Authority | 6.750% | 05/30/2023 | 0.2% |
San Benito High School District | 0.000% | 07/30/2028 | 0.2% |
California Pollution Control Financing Authority | 5.000% | 12/30/2028 | 0.2% |
Santa Barbara Unified School District | 4.000% | 07/31/2027 | 0.2% |
Cscda Community Improvement Authority | 4.000% | 07/20/2056 | 0.2% |
Newport Mesa Unified School District | 0.000% | 07/23/2045 | 0.2% |
San Benito High School District | 0.000% | 07/30/2028 | 0.2% |
California Municipal Finance Authority | 5.000% | 11/20/2054 | 0.1% |
Guam Power Authority | 5.000% | 09/30/2024 | 0.1% |
Cupertino Union School District | 2.500% | 07/29/2033 | 0.1% |
Southern California Public Power Authority | 3.039% | 10/28/2038 | 0.1% |
Transbay Joint Powers Authority | 5.000% | 03/30/2030 | 0.1% |
M-S-R Energy Authority | 6.500% | 10/25/2039 | 0.1% |
Antelope Valley Healthcare District | 5.000% | 02/25/2026 | 0.1% |
California School Finance Authority | 4.000% | 07/25/2051 | 0.1% |
California School Finance Authority | 5.000% | 07/31/2025 | 0.1% |
California School Finance Authority | 5.000% | 06/30/2024 | 0.1% |
Newport Mesa Unified School District | 0.000% | 07/24/2041 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 4.000% | 06/23/2042 | 0.1% |
California School Finance Authority | 5.000% | 06/30/2025 | 0.1% |
California Municipal Finance Authority | 5.000% | 01/25/2040 | 0.1% |
Brentwood Infrastructure Financing Authority | 5.000% | 08/26/2036 | 0.1% |
California Municipal Finance Authority | 5.000% | 05/31/2025 | 0.1% |
Southwestern Community College District | 0.000% | 07/27/2041 | 0.1% |
California County Tobacco Securitization Agency | 0.000% | 05/21/2055 | 0.1% |
City Of Irvine Ca | 5.000% | 08/23/2044 | 0.1% |
California Public Finance Authority | 10.000% | 05/13/2028 | 0.1% |
California Statewide Financing Authority | 0.000% | 05/21/2055 | 0.1% |
California Municipal Finance Authority | 5.625% | 02/19/2045 | 0.1% |
Riverside County Transportation Commission | 0.000% | 05/30/2028 | 0.1% |
Santa Ana Unified School District | 3.250% | 07/24/2042 | 0.1% |
California Municipal Finance Authority | 5.000% | 09/29/2027 | 0.1% |
Tobacco Securitization Authority Of Southern Calif | 0.000% | 05/23/2046 | 0.1% |
Riverside County Transportation Commission | 0.000% | 05/30/2028 | 0.1% |
Irvine Facilities Financing Authority | 0.000% | 08/29/2033 | 0.1% |
Commonwealth Of Puerto Rico | 0.000% | 10/27/2043 | 0.1% |
California Municipal Finance Authority | 5.000% | 09/30/2023 | 0.1% |
Irvine Facilities Financing Authority | 0.000% | 08/25/2050 | 0.1% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/23/2040 | 0.1% |
Puerto Rico Electric Power Authority | 0.000% | 06/27/2040 | 0.1% |
Transbay Joint Powers Authority | 5.000% | 03/30/2030 | 0.1% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.750% | 06/20/2053 | 0.1% |
Transbay Joint Powers Authority | 5.000% | 03/30/2030 | 0.0% |
Silicon Valley Tobacco Securitization Authority | 0.000% | 05/20/2056 | 0.0% |
California Pollution Control Financing Authority | 4.300% | 06/23/2040 | 0.0% |
Commonwealth Of Puerto Rico | 5.750% | 06/26/2031 | 0.0% |
Inland Empire Tobacco Securitization Corp | 0.000% | 05/20/2057 | 0.0% |
Puerto Rico Electric Power Authority | 0.000% | 07/01/2024 | 0.0% |
City Of Los Angeles Department Of Airports | 5.000% | 11/12/2031 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/21/2051 | 0.0% |
California School Finance Authority | 5.000% | 07/31/2025 | 0.0% |
Commonwealth Of Puerto Rico | 5.250% | 07/01/2023 | 0.0% |
Tobacco Securitization Authority Of Southern Calif | 5.000% | 05/22/2048 | 0.0% |
Puerto Rico Electric Power Authority | 0.000% | 06/28/2033 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/25/2033 | 0.0% |
Commonwealth Of Puerto Rico | 0.000% | 06/27/2024 | 0.0% |
Commonwealth Of Puerto Rico | 4.000% | 06/24/2037 | 0.0% |
California Statewide Communities Development Autho | 5.500% | 06/24/2039 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.536% | 06/20/2053 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/26/2031 | 0.0% |
USM3 - 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 06/09/2023
- $0.12417
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
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 | 06/30/2023 |
Daily | Daily | 07/31/2023 |
Daily | Daily | 08/31/2023 |
Daily | Daily | 09/30/2023 |
Daily | Daily | 10/31/2023 |
Daily | Daily | 11/30/2023 |
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 06/09/2023
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $10.25 |
$100,000 to $249,999 | 1.75% | 1.50% | $10.20 |
$250,000 to $499,999 | 0.00% | 1.00% | $10.02 |
$500,000 to $999,999 | 0.00% | 1.00% | $10.02 |
$1,000,000 to $5,000,000 | 0.00% | 1.00% | $10.02 |
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 05/31/2023
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
Download fund documents & literature, create email subscriptions, and place direct mail order
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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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