California Tax Free Fund
Daily price w/o sales charge as of 12/24/2024
$10.08
$0.00
YTD Returns w/o sales charge as of 12/24/2024
1.65%
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 11/30/2024 |
3.21% |
Average Yield to Worst as of 11/29/2024 |
3.95% |
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 11/29/2024
- Total Net Assets
- $682.13 M
- Inception Date
- 09/03/1985
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.76%
- Fund Net Expense Ratio
- 0.76%
- Number of Holdings
- 283
- 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 | 3.55% | 6.53% | -1.28% | 0.69% | 2.37% | 5.14% |
| Lipper Category Avg. California Municipal Debt Funds | 3.88% | 6.70% | -0.49% | 1.08% | 2.34% | - |
| Bloomberg Municipal Bond Index | 2.55% | 4.93% | -0.01% | 1.35% | 2.45% | - |
| w/ sales charge | 1.18% | 4.13% | -2.03% | 0.23% | 2.14% | 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 | 3.38% | 11.78% | -0.99% | 0.69% | 2.47% | 5.16% |
| Lipper Category Avg. California Municipal Debt Funds | 3.71% | 11.94% | -0.28% | 1.07% | 2.43% | - |
| Bloomberg Municipal Bond Index | 2.30% | 10.37% | 0.09% | 1.39% | 2.52% | - |
| w/ sales charge | 1.01% | 9.26% | -1.74% | 0.24% | 2.24% | 5.10% |
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 | |
| Lease | |
| Power | |
| Housing | |
| Water & Sewer | |
| GO State | |
| VRDN | |
| Pre-Refunded | |
| 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 11/29/2024
| Rating | Assets |
|---|---|
| AAA | |
| AA | |
| A | |
| BBB | |
| < BBB | |
| Not Rated |
Investment Team
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Performance
Performance
Average Yield to Worst as of 11/29/2024
30-Day Standardized Yield 1 as of 11/30/2024
| Subsidized2 | Un-Subsidized3 | |
|---|---|---|
| w/o sales charge | 3.21% | 3.21% |
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 | 3.55% | 6.53% | -1.28% | 0.69% | 2.37% | 5.14% |
| Lipper Category Avg. California Municipal Debt Funds | 3.88% | 6.70% | -0.49% | 1.08% | 2.34% | - |
| Bloomberg Municipal Bond Index | 2.55% | 4.93% | -0.01% | 1.35% | 2.45% | - |
| w/ sales charge | 1.18% | 4.13% | -2.03% | 0.23% | 2.14% | 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 | 3.38% | 11.78% | -0.99% | 0.69% | 2.47% | 5.16% |
| Lipper Category Avg. California Municipal Debt Funds | 3.71% | 11.94% | -0.28% | 1.07% | 2.43% | - |
| Bloomberg Municipal Bond Index | 2.30% | 10.37% | 0.09% | 1.39% | 2.52% | - |
| w/ sales charge | 1.01% | 9.26% | -1.74% | 0.24% | 2.24% | 5.10% |
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% | 0.54% | 2.61% | - |
| 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 11/30/2024
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 | |
| Lease | |
| Power | |
| Housing | |
| Water & Sewer | |
| GO State | |
| VRDN | |
| Pre-Refunded | |
| 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 11/29/2024
| 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 11/29/2024
- Total Net Assets
- $682.13 M
- Average Effective Duration
- 7.82 Years
- Average Effective Maturity
- 20.6 Years
- Average Yield to Worst
- 3.95%
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% | 11/08/2044 | 1.5% |
| Alameda Corridor Transportation Authority | 5.000% | 09/22/2052 | 1.4% |
| California Community Choice Financing Authority | 5.000% | 01/23/2055 | 1.4% |
| California Community Choice Financing Authority | 5.250% | 12/23/2053 | 1.4% |
| San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/09/2044 | 1.3% |
| California Housing Finance Agency | 3.250% | 08/15/2036 | 1.1% |
| City Of Los Angeles Department Of Airports | 5.500% | 05/08/2047 | 1.1% |
| California Community Choice Financing Authority | 5.000% | 12/23/2054 | 1.1% |
| San Francisco City & County Airport Comm-San Franc | 5.000% | 04/23/2052 | 1.1% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.750% | 06/22/2053 | 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 |
|---|
| California Health Facilities Financing Authority | 5.000% | 11/09/2044 | 1.5% |
| Alameda Corridor Transportation Authority | 5.000% | 09/23/2052 | 1.4% |
| California Community Choice Financing Authority | 5.250% | 12/24/2053 | 1.4% |
| San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/10/2044 | 1.4% |
| City Of Los Angeles Department Of Airports | 5.500% | 05/09/2047 | 1.2% |
| California Housing Finance Agency | 3.250% | 08/16/2036 | 1.1% |
| San Francisco City & County Airport Comm-San Franc | 5.000% | 04/24/2052 | 1.1% |
| California Community Choice Financing Authority | 5.000% | 12/24/2054 | 1.1% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.750% | 06/23/2053 | 1.1% |
| San Francisco City & County Airport Comm-San Franc | 5.000% | 04/29/2031 | 1.1% |
| San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/08/2049 | 1.1% |
| California Municipal Finance Authority | 5.000% | 12/25/2047 | 1.0% |
| California Municipal Finance Authority | 5.250% | 05/24/2053 | 0.9% |
| Southern California Public Power Authority | 5.000% | 03/24/2055 | 0.9% |
| Tender Option Bond Trust Receipts/Certificates | 4.904% | 09/29/2034 | 0.9% |
| Irvine Facilities Financing Authority | 5.250% | 08/24/2053 | 0.9% |
| Golden State Tobacco Securitization Corp | 5.000% | 05/25/2051 | 0.8% |
| City Of Fresno Ca Airport Revenue | 5.000% | 06/25/2048 | 0.8% |
| San Diego Public Facilities Financing Authority | 5.000% | 05/07/2054 | 0.8% |
| San Diego Public Facilities Financing Authority | 5.000% | 10/07/2054 | 0.8% |
| California Health Facilities Financing Authority | 5.000% | 11/23/2054 | 0.8% |
| California Community Choice Financing Authority | 5.500% | 04/23/2054 | 0.8% |
| Los Angeles Department Of Water & Power | 5.000% | 06/24/2052 | 0.8% |
| University Of California | 5.000% | 05/08/2052 | 0.8% |
| California Community Choice Financing Authority | 4.000% | 04/23/2053 | 0.7% |
| Burbank-Glendale-Pasadena Airport Authority Brick | 5.250% | 06/23/2054 | 0.7% |
| Palomar Health | 5.000% | 10/28/2039 | 0.7% |
| San Diego Public Facilities Financing Authority | 5.250% | 10/07/2052 | 0.7% |
| California School Finance Authority | 5.000% | 07/01/2027 | 0.7% |
| California Pollution Control Financing Authority | 5.000% | 01/01/2025 | 0.7% |
| Alvord Unified School District | 5.000% | 07/24/2052 | 0.7% |
| California Municipal Finance Authority | 5.000% | 01/01/2028 | 0.7% |
| West Contra Costa Unified School District | 5.000% | 07/24/2054 | 0.6% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/27/2040 | 0.6% |
| City Of Los Angeles Department Of Airports | 5.000% | 05/08/2051 | 0.6% |
| California Statewide Communities Development Autho | 5.250% | 11/23/2054 | 0.6% |
| State Of California | 5.500% | 07/24/2054 | 0.6% |
| City Of Burbank Ca Electric Revenue | 5.000% | 05/24/2053 | 0.6% |
| Indio Electric Financing Authority | 5.250% | 12/30/2032 | 0.6% |
| California Health Facilities Financing Authority | 5.000% | 08/09/2047 | 0.6% |
| California Community Choice Financing Authority | 4.000% | 01/25/2052 | 0.6% |
| California Municipal Finance Authority | 4.000% | 07/13/2029 | 0.6% |
| California Pollution Control Financing Authority | 5.000% | 12/31/2028 | 0.6% |
| California Community Choice Financing Authority | 5.000% | 01/24/2055 | 0.6% |
| San Joaquin Hills Transportation Corridor Agency | 4.000% | 01/10/2044 | 0.6% |
| Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/09/2046 | 0.6% |
| San Francisco City & County Airport Comm-San Franc | 5.250% | 04/24/2049 | 0.6% |
| Southern California Public Power Authority | 5.000% | 10/29/2033 | 0.6% |
| County Of Sacramento Ca Airport System Revenue | 5.250% | 06/23/2054 | 0.6% |
| California School Finance Authority | 5.000% | 08/01/2025 | 0.6% |
| San Diego County Regional Airport Authority | 5.000% | 06/23/2053 | 0.6% |
| San Diego Unified School District/Ca | 3.000% | 06/26/2044 | 0.6% |
| California Enterprise Development Authority | 5.000% | 01/13/2034 | 0.6% |
| San Diego County Regional Airport Authority | 5.000% | 06/24/2051 | 0.5% |
| California Municipal Finance Authority | 5.000% | 12/26/2043 | 0.5% |
| California Educational Facilities Authority | 5.000% | 11/25/2044 | 0.5% |
| Palomar Health | 5.000% | 10/28/2036 | 0.5% |
| Southern California Public Power Authority | 5.250% | 06/23/2053 | 0.5% |
| California Community Housing Agency | 4.000% | 01/25/2050 | 0.5% |
| California State University | 5.250% | 10/24/2053 | 0.5% |
| Riverside County Transportation Commission | 4.000% | 05/26/2047 | 0.5% |
| California State University | 5.500% | 10/24/2055 | 0.5% |
| Modesto Irrigation District | 5.250% | 09/24/2048 | 0.5% |
| California Health Facilities Financing Authority | 4.000% | 03/29/2035 | 0.5% |
| State Of California | 5.250% | 08/24/2053 | 0.5% |
| State Of California | 5.250% | 08/26/2047 | 0.5% |
| San Diego Unified School District/Ca | 5.000% | 06/25/2048 | 0.5% |
| City Of Irvine Ca | 5.250% | 08/24/2053 | 0.5% |
| Simi Valley Unified School District | 5.250% | 07/31/2031 | 0.5% |
| Central Unified School District | 5.250% | 07/30/2033 | 0.5% |
| San Francisco City & County Public Utilities Commi | 5.000% | 09/23/2054 | 0.5% |
| California Statewide Communities Development Autho | 5.000% | 05/12/2035 | 0.5% |
| California Community Choice Financing Authority | 5.000% | 07/24/2055 | 0.5% |
| City Of Los Angeles Ca Wastewater System Revenue | 5.000% | 05/27/2043 | 0.5% |
| Rincon Valley Union School District | 5.000% | 07/30/2034 | 0.5% |
| California Educational Facilities Authority | 5.000% | 10/30/2033 | 0.5% |
| California Municipal Finance Authority | 3.000% | 10/26/2048 | 0.5% |
| California State Public Works Board | 4.000% | 04/25/2046 | 0.5% |
| California Community Choice Financing Authority | 4.000% | 09/23/2052 | 0.5% |
| California Municipal Finance Authority | 4.125% | 07/01/2025 | 0.5% |
| California Enterprise Development Authority | 5.000% | 05/25/2049 | 0.4% |
| California Municipal Finance Authority | 4.000% | 05/09/2046 | 0.4% |
| Bay Area Toll Authority | 5.000% | 03/24/2054 | 0.4% |
| California Infrastructure & Economic Development B | 5.000% | 10/25/2049 | 0.4% |
| San Francisco City & County Airport Comm-San Franc | 5.000% | 04/27/2039 | 0.4% |
| Pajaro Valley Health Care District | 5.000% | 08/26/2046 | 0.4% |
| Tobacco Securitization Authority Of Southern Calif | 5.000% | 05/26/2048 | 0.4% |
| Regents Of The University Of California Medical Ce | 3.500% | 05/07/2054 | 0.4% |
| California Health Facilities Financing Authority | 3.000% | 10/28/2038 | 0.4% |
| University Of California | 5.000% | 05/07/2054 | 0.4% |
| Imperial Community College District | 5.000% | 07/30/2034 | 0.4% |
| California Statewide Communities Development Autho | 5.500% | 11/22/2058 | 0.4% |
| City Of Glendale Ca Electric Revenue | 5.000% | 01/24/2054 | 0.4% |
| California Community Choice Financing Authority | 5.000% | 01/24/2054 | 0.4% |
| California Infrastructure & Economic Development B | 5.250% | 06/24/2049 | 0.4% |
| California State Public Works Board | 4.000% | 10/26/2046 | 0.4% |
| California Infrastructure & Economic Development B | 4.000% | 06/24/2050 | 0.4% |
| California Statewide Communities Development Autho | 5.000% | 11/30/2026 | 0.4% |
| California Health Facilities Financing Authority | 5.000% | 09/25/2044 | 0.4% |
| California Health Facilities Financing Authority | 5.000% | 11/11/2038 | 0.4% |
| California Health Facilities Financing Authority | 5.000% | 08/12/2034 | 0.4% |
| Brentwood Union School District | 5.250% | 07/30/2032 | 0.4% |
| Golden State Tobacco Securitization Corp | 0.000% | 05/21/2066 | 0.3% |
| San Leandro Unified School District | 5.250% | 07/25/2048 | 0.3% |
| Washington Township Health Care District | 5.750% | 06/29/2033 | 0.3% |
| Los Angeles County Public Works Financing Authorit | 5.500% | 11/23/2053 | 0.3% |
| California Statewide Communities Development Autho | 5.500% | 11/23/2054 | 0.3% |
| California Statewide Financing Authority | 0.000% | 05/26/2046 | 0.3% |
| San Francisco City & County Airport Comm-San Franc | 5.750% | 04/25/2048 | 0.3% |
| California School Finance Authority | 5.000% | 07/01/2025 | 0.3% |
| Los Angeles Department Of Water & Power | 5.000% | 06/26/2043 | 0.3% |
| Montebello Unified School District | 5.500% | 07/26/2047 | 0.3% |
| Ravenswood City School District/Ca | 5.250% | 07/30/2032 | 0.3% |
| Southern California Public Power Authority | 5.000% | 06/23/2053 | 0.3% |
| State Of California | 5.000% | 03/27/2042 | 0.3% |
| Bay Area Toll Authority | 3.250% | 11/01/2024 | 0.3% |
| Regents Of The University Of California Medical Ce | 5.000% | 05/09/2047 | 0.3% |
| California Statewide Communities Development Autho | 5.250% | 11/28/2034 | 0.3% |
| City Of Los Angeles Department Of Airports | 5.250% | 05/09/2048 | 0.3% |
| California Housing Finance Agency | 3.500% | 11/17/2035 | 0.3% |
| City Of Glendale Ca Electric Revenue | 5.000% | 01/24/2054 | 0.3% |
| Los Angeles Department Of Water & Power | 5.000% | 06/25/2048 | 0.3% |
| Dublin Unified School District | 3.000% | 07/28/2041 | 0.3% |
| California Health Facilities Financing Authority | 3.000% | 08/08/2051 | 0.3% |
| Cscda Community Improvement Authority | 3.000% | 05/26/2047 | 0.3% |
| Northern California Energy Authority | 5.000% | 11/23/2054 | 0.3% |
| City Of Los Angeles Department Of Airports | 5.000% | 05/13/2032 | 0.3% |
| Local Public Schools Funding Authority School Impr | 5.000% | 07/31/2028 | 0.3% |
| California Enterprise Development Authority | 5.000% | 07/31/2030 | 0.3% |
| Tejon Ranch Public Facilities Finance Authority | 5.000% | 08/24/2054 | 0.3% |
| Matching Fund Special Purpose Securitization Corp | 5.000% | 09/27/2039 | 0.3% |
| California Educational Facilities Authority | 5.000% | 09/23/2053 | 0.3% |
| California Municipal Finance Authority | 5.000% | 01/28/2037 | 0.3% |
| California Community Choice Financing Authority | 5.000% | 11/23/2053 | 0.3% |
| El Rancho Unified School District | 5.750% | 07/30/2033 | 0.3% |
| California Municipal Finance Authority | 5.900% | 06/10/2044 | 0.3% |
| California Pollution Control Financing Authority | 3.850% | 01/15/2025 | 0.3% |
| California Municipal Finance Authority | 3.000% | 05/08/2051 | 0.3% |
| Matching Fund Special Purpose Securitization Corp | 5.000% | 09/30/2026 | 0.3% |
| Silicon Valley Tobacco Securitization Authority | 0.000% | 05/27/2041 | 0.3% |
| Sacramento Municipal Utility District | 5.000% | 04/18/2025 | 0.3% |
| City Of Los Angeles Department Of Airports | 4.000% | 05/08/2049 | 0.3% |
| Cscda Community Improvement Authority | 2.650% | 11/25/2046 | 0.3% |
| Los Angeles Department Of Water & Power Water Syst | 5.000% | 06/24/2052 | 0.3% |
| Compton Community Redevelopment Agency Successor A | 5.000% | 07/28/2037 | 0.3% |
| Norman Y Mineta San Jose International Airport Sjc | 5.000% | 02/27/2031 | 0.3% |
| Commonwealth Of Puerto Rico | 4.000% | 06/25/2046 | 0.3% |
| Alameda Unified School District-Alameda County/Ca | 5.000% | 07/25/2049 | 0.3% |
| Los Angeles Unified School District/Ca | 5.250% | 06/24/2049 | 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% |
| Imperial Community College District | 5.250% | 07/30/2033 | 0.3% |
| Poway Unified School District Public Financing Aut | 5.000% | 09/01/2025 | 0.3% |
| San Joaquin Hills Transportation Corridor Agency | 4.000% | 01/08/2050 | 0.3% |
| California Municipal Finance Authority | 5.000% | 12/28/2034 | 0.3% |
| North Orange County Community College District/Ca | 2.750% | 07/29/2036 | 0.3% |
| San Diego County Regional Airport Authority | 5.000% | 06/30/2031 | 0.3% |
| California Enterprise Development Authority | 5.000% | 07/31/2030 | 0.3% |
| River Islands Public Financing Authority | 5.000% | 08/25/2048 | 0.3% |
| Santa Clarita Community College District | 5.250% | 07/30/2032 | 0.3% |
| California Health Facilities Financing Authority | 5.000% | 11/25/2044 | 0.2% |
| California Health Facilities Financing Authority | 3.000% | 09/26/2041 | 0.2% |
| California Municipal Finance Authority | 5.000% | 07/01/2027 | 0.2% |
| Guam Government Waterworks Authority | 5.000% | 06/29/2034 | 0.2% |
| California Municipal Finance Authority | 3.875% | 02/21/2054 | 0.2% |
| Irvine Unified School District | 4.250% | 08/30/2033 | 0.2% |
| California Infrastructure & Economic Development B | 5.000% | 10/24/2054 | 0.2% |
| San Francisco City & County Airport Comm-San Franc | 5.000% | 04/25/2045 | 0.2% |
| Commonwealth Of Puerto Rico | 0.000% | 10/26/2051 | 0.2% |
| California Infrastructure & Economic Development B | 8.000% | 08/15/2025 | 0.2% |
| County Of Los Angeles Ca Community Facilities Dist | 5.000% | 08/24/2052 | 0.2% |
| California Municipal Finance Authority | 5.000% | 03/27/2044 | 0.2% |
| Orange County Community Facilities District | 5.500% | 08/07/2053 | 0.2% |
| California Health Facilities Financing Authority | 5.000% | 09/29/2030 | 0.2% |
| City Of Fontana Ca | 5.000% | 08/24/2054 | 0.2% |
| California Statewide Communities Development Autho | 5.250% | 11/24/2048 | 0.2% |
| California Statewide Communities Development Autho | 5.000% | 05/08/2050 | 0.2% |
| City Of Long Beach Ca Airport System Revenue | 5.250% | 05/26/2047 | 0.2% |
| Cscda Community Improvement Authority | 3.000% | 02/20/2057 | 0.2% |
| Port Commission Of The City & County Of San Franci | 5.000% | 11/30/2024 | 0.2% |
| State Of California | 5.250% | 07/24/2054 | 0.2% |
| Foothill-Eastern Transportation Corridor Agency | 6.850% | 01/10/2042 | 0.2% |
| Inland Valley Development Agency | 5.250% | 08/28/2037 | 0.2% |
| California Health Facilities Financing Authority | 3.000% | 09/25/2047 | 0.2% |
| California Health Facilities Financing Authority | 5.000% | 11/12/2032 | 0.2% |
| San Rafael City High School District/Ca | 5.250% | 07/31/2030 | 0.2% |
| Los Angeles Department Of Water & Power | 5.000% | 06/24/2051 | 0.2% |
| Santa Monica-Malibu Unified School District | 3.000% | 07/26/2044 | 0.2% |
| California Health Facilities Financing Authority | 5.000% | 08/10/2042 | 0.2% |
| California Health Facilities Financing Authority | 5.000% | 11/06/2056 | 0.2% |
| California Municipal Finance Authority | 5.000% | 12/28/2035 | 0.2% |
| Los Angeles Department Of Water & Power | 3.150% | 11/01/2024 | 0.2% |
| City Of Los Angeles Department Of Airports | 5.500% | 11/14/2031 | 0.2% |
| Alameda Corridor Transportation Authority | 0.000% | 09/23/2053 | 0.2% |
| California Community Choice Financing Authority | 5.250% | 10/24/2054 | 0.2% |
| California Educational Facilities Authority | 5.500% | 09/23/2053 | 0.2% |
| San Benito High School District | 0.000% | 07/31/2028 | 0.2% |
| California Municipal Finance Authority | 4.000% | 10/28/2042 | 0.2% |
| California Pollution Control Financing Authority | 5.000% | 06/29/2033 | 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% |
| Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.2% |
| California Educational Facilities Authority | 4.000% | 11/28/2037 | 0.2% |
| City Of San Francisco Ca Public Utilities Commissi | 5.250% | 10/24/2052 | 0.2% |
| Sacramento Municipal Utility District | 5.000% | 11/07/2054 | 0.2% |
| San Francisco City & County Airport Comm-San Franc | 5.000% | 04/24/2052 | 0.2% |
| California Enterprise Development Authority | 5.000% | 07/31/2030 | 0.2% |
| Foothill-Eastern Transportation Corridor Agency | 0.000% | 01/12/2033 | 0.2% |
| State Of California | 5.000% | 08/24/2053 | 0.2% |
| West Contra Costa Unified School District | 6.000% | 07/31/2027 | 0.2% |
| Burbank-Glendale-Pasadena Airport Authority Brick | 5.250% | 06/24/2049 | 0.2% |
| California State Public Works Board | 5.000% | 03/25/2049 | 0.2% |
| California Municipal Finance Authority | 5.250% | 10/24/2052 | 0.2% |
| River Islands Public Financing Authority | 5.250% | 08/24/2052 | 0.2% |
| Antelope Valley Healthcare District | 5.000% | 03/01/2026 | 0.2% |
| California Municipal Finance Authority | 5.000% | 08/07/2054 | 0.2% |
| City Of Fontana Ca | 5.000% | 08/25/2049 | 0.2% |
| City Of Sacramento Ca Transient Occupancy Tax Reve | 5.000% | 05/26/2048 | 0.2% |
| California Statewide Communities Development Autho | 5.250% | 11/22/2056 | 0.2% |
| California Educational Facilities Authority | 5.000% | 09/24/2048 | 0.2% |
| California School Finance Authority | 5.000% | 07/31/2028 | 0.2% |
| California Educational Facilities Authority | 5.000% | 11/24/2048 | 0.2% |
| California Municipal Finance Authority | 5.000% | 10/01/2027 | 0.2% |
| California School Finance Authority | 5.000% | 06/30/2029 | 0.2% |
| California Statewide Communities Development Autho | 5.000% | 11/26/2041 | 0.2% |
| California Statewide Communities Development Autho | 5.000% | 07/01/2026 | 0.2% |
| City Of Irvine Ca | 5.000% | 09/02/2025 | 0.2% |
| Irvine Unified School District | 5.000% | 09/01/2027 | 0.2% |
| Long Beach Bond Finance Authority | 5.034% | 11/15/2026 | 0.2% |
| Antelope Valley Healthcare District | 5.250% | 02/27/2036 | 0.2% |
| City Of Roseville Ca | 5.000% | 08/30/2031 | 0.2% |
| River Islands Public Financing Authority | 5.000% | 08/24/2054 | 0.2% |
| Tustin Community Facilities District | 5.000% | 09/01/2025 | 0.2% |
| Burbank-Glendale-Pasadena Airport Authority Brick | 4.375% | 06/24/2049 | 0.2% |
| California Statewide Communities Development Autho | 5.000% | 10/01/2025 | 0.2% |
| Irvine Unified School District | 5.000% | 08/28/2038 | 0.2% |
| California Educational Facilities Authority | 5.000% | 03/28/2040 | 0.2% |
| California Municipal Finance Authority | 3.800% | 04/01/2025 | 0.2% |
| California Municipal Finance Authority | 4.000% | 08/12/2037 | 0.2% |
| California Municipal Finance Authority | 4.000% | 01/26/2051 | 0.1% |
| California Statewide Communities Development Autho | 4.000% | 05/09/2046 | 0.1% |
| California Community Housing Agency | 5.000% | 07/25/2050 | 0.1% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 4.000% | 06/25/2047 | 0.1% |
| California Municipal Finance Authority | 4.000% | 12/25/2047 | 0.1% |
| San Joaquin Hills Transportation Corridor Agency | 0.000% | 01/12/2036 | 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% | 07/31/2028 | 0.1% |
| Southern California Public Power Authority | 3.039% | 10/29/2038 | 0.1% |
| Cscda Community Improvement Authority | 4.000% | 11/22/2056 | 0.1% |
| M-S-R Energy Authority | 6.500% | 10/28/2039 | 0.1% |
| California School Finance Authority | 4.000% | 07/26/2051 | 0.1% |
| California Public Finance Authority | 0.000% | 05/14/2028 | 0.1% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 4.000% | 06/26/2042 | 0.1% |
| Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.1% |
| Newport Mesa Unified School District | 0.000% | 07/27/2041 | 0.1% |
| California School Finance Authority | 5.000% | 08/01/2025 | 0.1% |
| California School Finance Authority | 5.000% | 11/30/2024 | 0.1% |
| Southwestern Community College District | 0.000% | 07/28/2041 | 0.1% |
| Alameda Corridor Transportation Authority | 0.000% | 09/24/2051 | 0.1% |
| California Statewide Financing Authority | 0.000% | 05/24/2055 | 0.1% |
| California Municipal Finance Authority | 5.000% | 06/01/2025 | 0.1% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/27/2040 | 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% |
| Inland Empire Tobacco Securitization Corp | 0.000% | 05/29/2036 | 0.1% |
| California Municipal Finance Authority | 5.000% | 10/01/2027 | 0.1% |
| Newport Mesa Unified School District | 0.000% | 07/26/2045 | 0.1% |
| Cscda Community Improvement Authority | 4.000% | 05/23/2057 | 0.1% |
| Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.0% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/24/2051 | 0.0% |
| Inland Empire Tobacco Securitization Corp | 0.000% | 05/23/2057 | 0.0% |
| Silicon Valley Tobacco Securitization Authority | 0.000% | 05/24/2056 | 0.0% |
| Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.0% |
| California Pollution Control Financing Authority | 4.300% | 06/27/2040 | 0.0% |
| Commonwealth Of Puerto Rico | 5.750% | 06/29/2031 | 0.0% |
| City Of Los Angeles Department Of Airports | 5.000% | 11/14/2031 | 0.0% |
| California School Finance Authority | 5.000% | 08/01/2025 | 0.0% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.536% | 06/23/2053 | 0.0% |
| California Statewide Communities Development Autho | 0.000% | 06/27/2039 | 0.0% |
| USZ4 - 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 12/24/2024
- $0.30579
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 11/30/2024 | $0.02833 | $10.29 |
| Daily | Daily | 10/31/2024 | $0.02790 | $10.15 |
| Daily | Daily | 09/30/2024 | $0.02816 | $10.33 |
| Daily | Daily | 08/31/2024 | $0.02784 | $10.23 |
| Daily | Daily | 07/31/2024 | $0.02782 | $10.21 |
| Daily | Daily | 06/30/2024 | $0.02810 | $10.15 |
| Daily | Daily | 05/31/2024 | $0.02763 | $10.02 |
| Daily | Daily | 04/30/2024 | $0.02782 | $10.03 |
| 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 | 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 12/24/2024
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $10.31 |
| $100,000 to $249,999 | 1.75% | 1.50% | $10.26 |
| Greater than $250,000 | 0.00% | 1.00% | $10.08 |
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 11/30/2024
| Fund Gross Expense Ratio | 0.76% |
| Fund Net Expense Ratio | 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
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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 Financial Statements and Other Information *
Publish Date:11/03/2015
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Annual Tailored Shareholder Report
Publish Date:11/03/2015
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Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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