Lord Abbett California Tax Free I (CAILX)
| Fund Assets | 638.03M |
| Expense Ratio | 0.57% |
| Min. Investment | $1,000,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.66% |
| Dividend Growth | 3.95% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.95 |
| YTD Return | -0.70% |
| 1-Year Return | -1.18% |
| 5-Year Return | -1.03% |
| 52-Week Low | 9.50 |
| 52-Week High | 10.36 |
| Beta (5Y) | n/a |
| Holdings | 274 |
| Inception Date | Jan 31, 2011 |
About CAILX
Lord Abbett California Tax Free Fund Class I is a municipal bond mutual fund designed to provide investors with a high level of tax-exempt income, primarily targeting residents of California. The fund’s core objective is to maximize interest income that is exempt from both federal and California state personal income taxes, while maintaining a focus on managing credit and interest rate risk according to reasonable standards. The portfolio invests predominantly in a diversified selection of California municipal bonds, spanning sectors such as transportation, healthcare, education, power, housing, and utilities, among others. With an average effective maturity exceeding 20 years and an average duration around 8 years, the fund is positioned in the muni California long category, making it especially suitable for investors seeking long-term, state tax-advantaged income. Active management allows the fund to adapt to evolving market and credit conditions and to pursue opportunities tailored to California’s unique municipal landscape. The fund’s Class I shares are typically intended for institutional investors, featuring a $1,000,000 minimum investment and a competitive expense ratio, and distributing income monthly.
Performance
CAILX had a total return of -1.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.50%.
Top 10 Holdings
11.31% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA ST HLTH FACS FING AUTH REVENUE - California Health Facilities Financing Authority | CA.CASMED 5 11.15.2044 | 1.44% |
| CALIFORNIA ST UNIV REVENUE - California State University | CA.CASHGR 5.5 11.01.2055 | 1.33% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE - California Community Choice Financing Authority | CA.CCEDEV 01.01.2054 | 1.23% |
| CALIFORNIA HSG FIN AGY MUNI CTFS - California Housing Finance Agency | CA.CASHSG 3.25 08.20.2036 | 1.15% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE - California Community Choice Financing Authority | CA.CCEDEV 01.01.2055 | 1.09% |
| SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV - San Francisco City & County Airport Comm-San Francisco International Airport | CA.SFOAPT 5 05.01.2031 | 1.08% |
| SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV - San Francisco City & County Airport Comm-San Francisco International Airport | n/a | 1.08% |
| ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE - Alameda Corridor Transportation Authority | CA.ALATRN 5 10.01.2052 | 1.01% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE - California Community Choice Financing Authority | CA.CCEDEV 01.01.2056 | 0.95% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE - California Community Choice Financing Authority | CA.CCEDEV 02.01.2055 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03122 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03085 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0307 | Jun 30, 2025 |
| May 30, 2025 | $0.03044 | May 30, 2025 |
| Apr 30, 2025 | $0.03049 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03025 | Mar 31, 2025 |