California Tax Free Fund
Daily price w/o sales charge as of 07/26/2024
$10.20
$0.01
YTD Returns w/o sales charge as of 07/26/2024
1.48%
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 06/30/2024 |
3.26% |
Average Yield to Worst as of 06/28/2024 |
4.12% |
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 06/28/2024
- Total Net Assets
- $630.69 M
- Inception Date
- 09/03/1985
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.76%
- Fund Net Expense Ratio
- 0.76%
- Number of Holdings
- 276
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | 0.75% | 4.14% | -2.08% | 0.63% | 2.45% | 5.12% |
Lipper Category Avg. California Municipal Debt Funds | 1.04% | 4.78% | -1.32% | 0.93% | 2.38% | - |
Bloomberg Municipal Bond Index | -0.40% | 3.21% | -0.88% | 1.16% | 2.39% | - |
w/ sales charge | -1.55% | 1.82% | -2.82% | 0.17% | 2.21% | 5.06% |
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | 0.75% | 4.14% | -2.08% | 0.63% | 2.45% | 5.12% |
Lipper Category Avg. California Municipal Debt Funds | 1.04% | 4.78% | -1.32% | 0.93% | 2.38% | - |
Bloomberg Municipal Bond Index | -0.40% | 3.21% | -0.88% | 1.16% | 2.39% | - |
w/ sales charge | -1.55% | 1.82% | -2.82% | 0.17% | 2.21% | 5.06% |
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 | |
GO Local | |
Education | |
Special Tax | |
Power | |
Lease | |
Housing | |
GO State | |
Water & Sewer | |
Pre-Refunded | |
Other | |
VRDN |
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 06/28/2024
Rating | Assets |
---|---|
AAA | |
AA | |
A | |
BBB | |
< BBB | |
Not Rated |
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Performance
Performance
Average Yield to Worst as of 06/28/2024
30-Day Standardized Yield 1 as of 06/30/2024
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.26% | 3.26% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | 0.75% | 4.14% | -2.08% | 0.63% | 2.45% | 5.12% |
Lipper Category Avg. California Municipal Debt Funds | 1.04% | 4.78% | -1.32% | 0.93% | 2.38% | - |
Bloomberg Municipal Bond Index | -0.40% | 3.21% | -0.88% | 1.16% | 2.39% | - |
w/ sales charge | -1.55% | 1.82% | -2.82% | 0.17% | 2.21% | 5.06% |
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
Fund Expense Ratio :
Gross 0.76%
Net 0.76%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/03/1985 |
---|
w/o sales charge | 0.75% | 4.14% | -2.08% | 0.63% | 2.45% | 5.12% |
Lipper Category Avg. California Municipal Debt Funds | 1.04% | 4.78% | -1.32% | 0.93% | 2.38% | - |
Bloomberg Municipal Bond Index | -0.40% | 3.21% | -0.88% | 1.16% | 2.39% | - |
w/ sales charge | -1.55% | 1.82% | -2.82% | 0.17% | 2.21% | 5.06% |
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% | - | - |
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 06/30/2024
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 | |
GO Local | |
Education | |
Special Tax | |
Power | |
Lease | |
Housing | |
GO State | |
Water & Sewer | |
Pre-Refunded | |
Other | |
VRDN |
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 06/28/2024
Rating | Assets |
---|---|
AAA | |
AA | |
A | |
BBB | |
< BBB | |
Not Rated |
Ratings provided by Standard & Poor's, Moody's, and Fitch. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. For a security with both a short-term and a long-term rating, Lord Abbett has categorized the security in the chart above using its short-term rating only. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities are not rated. A-1/MIG1, A-2/MIG2 and A-3/MIG3 designations denote securities with less than a three-year maturity as well as superior (A-1/MIG1), strong (A-2/MIG2) and favorable (A-3/MIG3) credit quality. The credit quality breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Credit quality allocation reflects market value weightings.
Portfolio Details as of 06/28/2024
- Total Net Assets
- $630.69 M
- Average Effective Duration
- 7.91 Years
- Average Effective Maturity
- 20.4 Years
- Average Yield to Worst
- 4.12%
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% | 11/07/2044 | 1.6% |
Alameda Corridor Transportation Authority | 5.000% | 09/21/2052 | 1.6% |
California State University | 5.250% | 10/22/2053 | 1.5% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/08/2044 | 1.5% |
California Community Choice Financing Authority | 5.250% | 12/22/2053 | 1.5% |
City Of Los Angeles Department Of Airports | 5.500% | 05/07/2047 | 1.2% |
California Housing Finance Agency | 3.250% | 08/14/2036 | 1.2% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/22/2052 | 1.2% |
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.750% | 06/21/2053 | 1.2% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/06/2049 | 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 | 1.6% |
Alameda Corridor Transportation Authority | 5.000% | 09/23/2052 | 1.6% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/10/2044 | 1.5% |
California Community Choice Financing Authority | 5.250% | 12/24/2053 | 1.5% |
California State University | 5.250% | 10/24/2053 | 1.4% |
City Of Los Angeles Department Of Airports | 5.500% | 05/09/2047 | 1.2% |
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.750% | 06/23/2053 | 1.2% |
California Housing Finance Agency | 3.250% | 08/16/2036 | 1.2% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/24/2052 | 1.2% |
San Joaquin Hills Transportation Corridor Agency | 5.250% | 01/07/2049 | 1.1% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/29/2031 | 1.1% |
California Municipal Finance Authority | 5.000% | 12/25/2047 | 1.1% |
Irvine Facilities Financing Authority | 5.250% | 08/24/2053 | 0.9% |
Golden State Tobacco Securitization Corp | 5.000% | 05/25/2051 | 0.9% |
California Health Facilities Financing Authority | 5.000% | 11/23/2054 | 0.9% |
Northern California Energy Authority | 5.000% | 11/23/2054 | 0.9% |
California Community Choice Financing Authority | 5.500% | 04/23/2054 | 0.8% |
Los Angeles Department Of Water & Power | 5.000% | 06/23/2052 | 0.8% |
University Of California | 5.000% | 05/08/2052 | 0.8% |
California Community Choice Financing Authority | 4.000% | 04/22/2053 | 0.8% |
San Joaquin Hills Transportation Corridor Agency | 4.000% | 01/10/2044 | 0.8% |
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% | 07/01/2024 | 0.7% |
Los Angeles Department Of Water & Power Water Syst | 3.800% | 06/03/2024 | 0.7% |
Palomar Health | 5.000% | 10/28/2039 | 0.7% |
Alvord Unified School District | 5.000% | 07/24/2052 | 0.7% |
California Municipal Finance Authority | 5.000% | 12/31/2027 | 0.7% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/26/2040 | 0.7% |
City Of Burbank Ca Electric Revenue | 5.000% | 05/24/2053 | 0.7% |
City Of Los Angeles Department Of Airports | 5.000% | 05/08/2051 | 0.7% |
California Health Facilities Financing Authority | 5.000% | 08/09/2047 | 0.7% |
Indio Electric Financing Authority | 5.250% | 12/30/2032 | 0.7% |
California Community Choice Financing Authority | 4.000% | 01/25/2052 | 0.6% |
California Pollution Control Financing Authority | 5.000% | 12/31/2028 | 0.6% |
California Infrastructure & Economic Development B | 4.000% | 06/24/2050 | 0.6% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/09/2046 | 0.6% |
San Francisco City & County Airport Comm-San Franc | 5.250% | 04/23/2049 | 0.6% |
Tobacco Securitization Authority Of Southern Calif | 5.000% | 05/25/2048 | 0.6% |
Northern California Energy Authority | 4.000% | 07/01/2024 | 0.6% |
San Diego County Regional Airport Authority | 5.000% | 06/23/2053 | 0.6% |
California State Public Works Board | 4.000% | 04/25/2046 | 0.6% |
Southern California Public Power Authority | 5.000% | 10/29/2033 | 0.6% |
California Enterprise Development Authority | 5.000% | 01/13/2034 | 0.6% |
Southern California Public Power Authority | 5.000% | 03/24/2055 | 0.6% |
San Diego County Regional Airport Authority | 5.000% | 06/24/2051 | 0.6% |
California Municipal Finance Authority | 5.000% | 12/26/2043 | 0.6% |
California Educational Facilities Authority | 5.000% | 11/25/2044 | 0.6% |
County Of Santa Barbara Ca | 5.000% | 11/27/2036 | 0.6% |
San Diego Unified School District/Ca | 3.000% | 06/25/2044 | 0.6% |
Southern California Public Power Authority | 5.250% | 06/23/2053 | 0.6% |
San Diego County Regional Airport Authority | 4.000% | 06/25/2046 | 0.6% |
California School Finance Authority | 5.000% | 08/01/2025 | 0.6% |
California Municipal Finance Authority | 4.000% | 07/13/2029 | 0.6% |
California Community Housing Agency | 4.000% | 01/25/2050 | 0.6% |
California Health Facilities Financing Authority | 4.000% | 03/29/2035 | 0.5% |
City Of Fresno Ca Airport Revenue | 5.000% | 06/24/2048 | 0.5% |
Modesto Irrigation District | 5.250% | 09/24/2048 | 0.5% |
Riverside County Transportation Commission | 4.000% | 05/26/2047 | 0.5% |
Palomar Health | 5.000% | 10/28/2036 | 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% | 06/24/2048 | 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% |
California Municipal Finance Authority | 5.250% | 05/24/2053 | 0.5% |
City Of Los Angeles Ca Wastewater System Revenue | 5.000% | 05/27/2043 | 0.5% |
City Of Los Angeles Department Of Airports | 5.250% | 05/09/2047 | 0.5% |
California Community Choice Financing Authority | 5.000% | 06/23/2053 | 0.5% |
California Health Facilities Financing Authority | 4.000% | 11/09/2045 | 0.5% |
California Statewide Communities Development Autho | 5.000% | 05/12/2035 | 0.5% |
State Of California | 4.000% | 10/28/2037 | 0.5% |
California Educational Facilities Authority | 5.000% | 10/30/2033 | 0.5% |
Regents Of The University Of California Medical Ce | 5.000% | 05/09/2047 | 0.5% |
Southern California Public Power Authority | 5.250% | 06/23/2053 | 0.5% |
California Municipal Finance Authority | 4.125% | 09/26/2041 | 0.5% |
California Community Choice Financing Authority | 4.000% | 09/23/2052 | 0.5% |
California Municipal Finance Authority | 3.000% | 10/26/2048 | 0.5% |
Bay Area Toll Authority | 5.000% | 03/24/2054 | 0.5% |
California Municipal Finance Authority | 4.000% | 05/09/2046 | 0.5% |
State Of California | 5.250% | 09/24/2050 | 0.4% |
Cscda Community Improvement Authority | 2.650% | 11/25/2046 | 0.4% |
City Of Glendale Ca Electric Revenue | 5.000% | 01/24/2054 | 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% |
California Community Choice Financing Authority | 5.000% | 01/24/2054 | 0.4% |
San Francisco Bay Area Rapid Transit District | 5.250% | 07/26/2047 | 0.4% |
California Health Facilities Financing Authority | 3.000% | 10/28/2038 | 0.4% |
Regents Of The University Of California Medical Ce | 3.500% | 05/07/2054 | 0.4% |
City Of Glendale Ca Electric Revenue | 5.000% | 01/26/2048 | 0.4% |
California State Public Works Board | 4.000% | 10/26/2046 | 0.4% |
California Health Facilities Financing Authority | 5.000% | 09/25/2044 | 0.4% |
California Statewide Communities Development Autho | 5.000% | 11/30/2026 | 0.4% |
Brentwood Union School District | 5.250% | 07/30/2032 | 0.4% |
Golden State Tobacco Securitization Corp | 0.000% | 05/21/2066 | 0.4% |
California Health Facilities Financing Authority | 5.000% | 11/11/2038 | 0.4% |
San Leandro Unified School District | 5.250% | 07/25/2048 | 0.4% |
California Statewide Communities Development Autho | 5.500% | 11/23/2054 | 0.4% |
Washington Township Health Care District | 5.750% | 06/29/2033 | 0.4% |
California Statewide Financing Authority | 0.000% | 05/26/2046 | 0.4% |
Los Angeles Department Of Water & Power | 5.000% | 06/26/2043 | 0.4% |
Ravenswood City School District/Ca | 5.250% | 07/30/2032 | 0.4% |
California Statewide Communities Development Autho | 5.250% | 11/28/2034 | 0.4% |
San Francisco City & County Airport Comm-San Franc | 5.750% | 04/25/2048 | 0.4% |
State Of California | 5.000% | 03/27/2042 | 0.4% |
East Bay Municipal Utility District Water System R | 5.000% | 05/24/2054 | 0.4% |
Montebello Unified School District | 5.500% | 07/26/2047 | 0.4% |
Southern California Public Power Authority | 5.000% | 06/23/2053 | 0.4% |
Los Angeles Department Of Water & Power | 5.000% | 06/24/2048 | 0.4% |
Regents Of The University Of California Medical Ce | 5.000% | 05/09/2047 | 0.3% |
California Housing Finance Agency | 3.500% | 11/17/2035 | 0.3% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/10/2043 | 0.3% |
City Of Los Angeles Department Of Airports | 5.250% | 05/09/2048 | 0.3% |
Cscda Community Improvement Authority | 3.000% | 05/26/2047 | 0.3% |
California Health Facilities Financing Authority | 3.000% | 08/08/2051 | 0.3% |
Local Public Schools Funding Authority School Impr | 5.000% | 07/31/2028 | 0.3% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/27/2039 | 0.3% |
California Enterprise Development Authority | 5.000% | 07/31/2030 | 0.3% |
California Municipal Finance Authority | 5.000% | 01/27/2037 | 0.3% |
California Educational Facilities Authority | 5.000% | 09/23/2053 | 0.3% |
City Of Los Angeles Department Of Airports | 5.250% | 05/09/2048 | 0.3% |
El Rancho Unified School District | 5.750% | 07/30/2033 | 0.3% |
City Of Los Angeles Department Of Airports | 5.000% | 05/13/2032 | 0.3% |
Dublin Unified School District | 3.000% | 07/28/2041 | 0.3% |
California Infrastructure & Economic Development B | 3.250% | 07/30/2029 | 0.3% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/30/2026 | 0.3% |
Sacramento Municipal Utility District | 5.000% | 08/08/2049 | 0.3% |
San Rafael City High School District/Ca | 4.000% | 07/25/2053 | 0.3% |
Los Angeles Department Of Water & Power Water Syst | 5.000% | 06/23/2052 | 0.3% |
California Health Facilities Financing Authority | 4.000% | 05/08/2051 | 0.3% |
Norman Y Mineta San Jose International Airport Sjc | 5.000% | 02/27/2031 | 0.3% |
Compton Community Redevelopment Agency Successor A | 5.000% | 07/28/2037 | 0.3% |
Silicon Valley Tobacco Securitization Authority | 0.000% | 05/27/2041 | 0.3% |
California Municipal Finance Authority | 3.000% | 05/08/2051 | 0.3% |
California Community Choice Financing Authority | 5.000% | 11/23/2053 | 0.3% |
Alameda Unified School District-Alameda County/Ca | 5.000% | 07/25/2049 | 0.3% |
City Of Los Angeles Department Of Airports | 4.000% | 05/07/2049 | 0.3% |
Commonwealth Of Puerto Rico | 4.000% | 06/25/2046 | 0.3% |
Poway Unified School District Public Financing Aut | 5.000% | 09/01/2025 | 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% |
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 Joaquin Hills Transportation Corridor Agency | 4.000% | 01/08/2050 | 0.3% |
San Diego County Regional Airport Authority | 5.000% | 06/30/2031 | 0.3% |
Santa Clarita Community College District | 5.250% | 07/30/2032 | 0.3% |
California Enterprise Development Authority | 5.000% | 07/31/2030 | 0.3% |
University Of California | 4.000% | 05/09/2041 | 0.3% |
California Municipal Finance Authority | 5.000% | 07/01/2027 | 0.3% |
California Health Facilities Financing Authority | 5.000% | 11/25/2044 | 0.3% |
California Municipal Finance Authority | 3.875% | 02/21/2054 | 0.3% |
Irvine Unified School District | 4.250% | 08/30/2033 | 0.3% |
Guam Government Waterworks Authority | 5.000% | 06/29/2034 | 0.3% |
San Francisco City & County Airport Comm-San Franc | 5.000% | 04/24/2045 | 0.3% |
California Health Facilities Financing Authority | 3.000% | 09/26/2041 | 0.2% |
Commonwealth Of Puerto Rico | 0.000% | 10/26/2051 | 0.2% |
County Of Los Angeles Ca Community Facilities Dist | 5.000% | 08/24/2052 | 0.2% |
California Health Facilities Financing Authority | 5.000% | 09/29/2030 | 0.2% |
City Of Long Beach Ca Airport System Revenue | 5.250% | 05/26/2047 | 0.2% |
Port Commission Of The City & County Of San Franci | 5.000% | 06/30/2024 | 0.2% |
Orange County Community Facilities District | 5.500% | 08/07/2053 | 0.2% |
California Municipal Finance Authority | 4.000% | 01/26/2051 | 0.2% |
Foothill-Eastern Transportation Corridor Agency | 6.850% | 01/10/2042 | 0.2% |
Cscda Community Improvement Authority | 3.000% | 02/19/2057 | 0.2% |
Inland Valley Development Agency | 5.250% | 08/28/2037 | 0.2% |
San Rafael City High School District/Ca | 5.250% | 07/31/2030 | 0.2% |
Los Angeles Department Of Water & Power | 5.000% | 06/24/2051 | 0.2% |
California Health Facilities Financing Authority | 5.000% | 11/12/2032 | 0.2% |
California Health Facilities Financing Authority | 5.000% | 08/10/2042 | 0.2% |
State Of California | 5.000% | 09/26/2041 | 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% |
City Of Los Angeles Department Of Airports | 5.500% | 11/14/2031 | 0.2% |
Santa Monica-Malibu Unified School District | 3.000% | 07/26/2044 | 0.2% |
California Health Facilities Financing Authority | 4.000% | 03/25/2045 | 0.2% |
California Community Choice Financing Authority | 5.250% | 10/24/2054 | 0.2% |
Alameda Corridor Transportation Authority | 0.000% | 09/23/2053 | 0.2% |
Foothill-Eastern Transportation Corridor Agency | 4.000% | 01/09/2046 | 0.2% |
County Of Sacramento Ca Airport System Revenue | 5.000% | 06/26/2041 | 0.2% |
California Educational Facilities Authority | 5.500% | 09/23/2053 | 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% |
Los Angeles Community College District/Ca | 5.000% | 07/30/2031 | 0.2% |
California Educational Facilities Authority | 4.000% | 11/28/2037 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 04/27/2033 | 0.2% |
California Municipal Finance Authority | 5.250% | 07/01/2024 | 0.2% |
City Of San Francisco Ca Public Utilities Commissi | 5.250% | 10/24/2052 | 0.2% |
West Contra Costa Unified School District | 6.000% | 07/31/2027 | 0.2% |
California State Public Works Board | 5.000% | 03/24/2049 | 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% |
State Of California | 5.000% | 08/24/2053 | 0.2% |
California Municipal Finance Authority | 5.900% | 06/09/2044 | 0.2% |
River Islands Public Financing Authority | 5.250% | 08/24/2052 | 0.2% |
San Benito High School District | 0.000% | 07/28/2043 | 0.2% |
Antelope Valley Healthcare District | 5.000% | 03/01/2026 | 0.2% |
California Municipal Finance Authority | 5.000% | 08/15/2024 | 0.2% |
Burbank-Glendale-Pasadena Airport Authority Brick | 5.250% | 06/24/2049 | 0.2% |
Burbank-Glendale-Pasadena Airport Authority Brick | 5.250% | 06/23/2054 | 0.2% |
Foothill-Eastern Transportation Corridor Agency | 0.000% | 01/11/2033 | 0.2% |
California Municipal Finance Authority | 5.250% | 10/24/2052 | 0.2% |
California Statewide Communities Development Autho | 5.250% | 11/22/2056 | 0.2% |
City Of Sacramento Ca Transient Occupancy Tax Reve | 5.000% | 05/25/2048 | 0.2% |
Santa Rita Union School District | 2.500% | 07/31/2031 | 0.2% |
California Educational Facilities Authority | 5.000% | 09/24/2048 | 0.2% |
California Educational Facilities Authority | 5.000% | 11/24/2048 | 0.2% |
California School Finance Authority | 5.000% | 07/31/2028 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 11/26/2041 | 0.2% |
California Municipal Finance Authority | 5.000% | 10/01/2027 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 06/26/2046 | 0.2% |
City Of Irvine Ca | 5.000% | 09/02/2025 | 0.2% |
City Of Roseville Ca | 5.000% | 08/30/2031 | 0.2% |
Irvine Unified School District | 5.000% | 08/28/2038 | 0.2% |
Irvine Unified School District | 5.000% | 09/01/2027 | 0.2% |
Southern California Public Power Authority | 5.000% | 08/30/2024 | 0.2% |
Tustin Community Facilities District | 5.000% | 09/01/2025 | 0.2% |
Antelope Valley Healthcare District | 5.250% | 02/27/2036 | 0.2% |
California Educational Facilities Authority | 5.000% | 03/28/2040 | 0.2% |
Stockton Public Financing Authority | 5.000% | 09/01/2024 | 0.2% |
California Statewide Communities Development Autho | 5.000% | 09/26/2045 | 0.2% |
Long Beach Bond Finance Authority | 5.257% | 11/15/2026 | 0.2% |
California Municipal Finance Authority | 4.000% | 08/12/2037 | 0.2% |
California Public Finance Authority | 4.000% | 07/08/2051 | 0.2% |
Burbank-Glendale-Pasadena Airport Authority Brick | 4.375% | 06/24/2049 | 0.2% |
California Health Facilities Financing Authority | 3.000% | 09/25/2047 | 0.2% |
California Statewide Communities Development Autho | 4.000% | 05/09/2046 | 0.2% |
California Community Housing Agency | 5.000% | 07/25/2050 | 0.2% |
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% | 07/28/2042 | 0.1% |
Santa Barbara Unified School District | 4.000% | 08/01/2027 | 0.1% |
Cscda Community Improvement Authority | 4.000% | 11/22/2056 | 0.1% |
Southern California Public Power Authority | 5.214% | 10/29/2038 | 0.1% |
Guam Power Authority | 5.000% | 10/01/2024 | 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% |
Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 4.000% | 06/26/2042 | 0.1% |
Cupertino Union School District | 2.500% | 07/30/2033 | 0.1% |
California School Finance Authority | 5.000% | 08/01/2025 | 0.1% |
California Public Finance Authority | 0.000% | 05/14/2028 | 0.1% |
Newport Mesa Unified School District | 0.000% | 07/27/2041 | 0.1% |
California School Finance Authority | 5.000% | 07/01/2024 | 0.1% |
California School Finance Authority | 5.000% | 07/01/2025 | 0.1% |
Alameda Corridor Transportation Authority | 0.000% | 09/24/2051 | 0.1% |
Southwestern Community College District | 0.000% | 07/28/2041 | 0.1% |
California Municipal Finance Authority | 5.000% | 06/01/2025 | 0.1% |
City Of Irvine Ca | 5.000% | 08/26/2044 | 0.1% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/26/2040 | 0.1% |
California Statewide Financing Authority | 0.000% | 05/24/2055 | 0.1% |
California Municipal Finance Authority | 5.625% | 02/22/2045 | 0.1% |
Tobacco Securitization Authority Of Southern Calif | 0.000% | 05/26/2046 | 0.1% |
Commonwealth Of Puerto Rico | 0.000% | 10/28/2043 | 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% |
Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.1% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/24/2051 | 0.0% |
Inland Empire Tobacco Securitization Corp | 0.000% | 05/23/2057 | 0.0% |
Silicon Valley Tobacco Securitization Authority | 0.000% | 05/23/2056 | 0.0% |
Transbay Joint Powers Authority | 5.000% | 03/31/2030 | 0.0% |
California Pollution Control Financing Authority | 4.300% | 06/26/2040 | 0.0% |
Commonwealth Of Puerto Rico | 5.750% | 06/29/2031 | 0.0% |
City Of Los Angeles Department Of Airports | 5.000% | 11/14/2031 | 0.0% |
California School Finance Authority | 5.000% | 08/01/2025 | 0.0% |
Commonwealth Of Puerto Rico | 0.000% | 07/01/2024 | 0.0% |
California Statewide Communities Development Autho | 0.000% | 06/27/2039 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.536% | 06/23/2053 | 0.0% |
USU4 - 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 07/26/2024
- $0.16574
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
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 | 07/31/2024 |
Daily | Daily | 08/31/2024 |
Daily | Daily | 09/30/2024 |
Daily | Daily | 10/31/2024 |
Daily | Daily | 11/30/2024 |
Daily | Daily | 12/31/2024 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
09/08/1993 | 09/15/1993 | - | - | $0.3500 | $11.60 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 07/26/2024
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $10.43 |
$100,000 to $249,999 | 1.75% | 1.50% | $10.38 |
Greater than $250,000 | 0.00% | 1.00% | $10.20 |
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 06/30/2024
Fund Gross Expense Ratio | 0.76% |
Fund Net Expense Ratio | 0.76% |
Adjusted Expense Ratio | - |
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 Financial Statements and Other Information *
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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