Lord Abbett California Tax Free F (LCFFX)
| Fund Assets | 638.03M |
| Expense Ratio | 0.67% |
| Min. Investment | $1,000,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.55% |
| Dividend Growth | 4.05% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.96 |
| YTD Return | -0.72% |
| 1-Year Return | -1.15% |
| 5-Year Return | -1.44% |
| 52-Week Low | 9.51 |
| 52-Week High | 10.36 |
| Beta (5Y) | n/a |
| Holdings | 274 |
| Inception Date | Sep 28, 2007 |
About LCFFX
Lord Abbett California Tax Free Fund Class F is an open-ended municipal bond mutual fund designed to provide investors with a high level of interest income that is exempt from both federal and California personal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities issued within California or agencies supporting California infrastructure, such as education, healthcare, transportation, and other public services. Managed by Lord Abbett & Co., the portfolio emphasizes diversification while balancing tax efficiency with reasonable levels of risk, and employs a research-driven, actively managed approach. The fund features a competitive net expense ratio of 0.67% and pays dividends monthly. Its holdings span a broad maturity spectrum, with an average effective maturity over 20 years, allowing it to target longer-term tax-exempt income streams. Since its inception in 2007 for the Class F shares, the fund has played a significant role for investors seeking state-specific municipal exposure and tax-advantaged fixed income within diversified portfolios. Lord Abbett California Tax Free Fund Class F is especially relevant for California residents wishing to reduce both federal and state tax liability through municipal bond allocations.
Performance
LCFFX had a total return of -1.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.07%.
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 | $0.03041 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03005 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02991 | Jun 30, 2025 |
| May 30, 2025 | $0.02963 | May 30, 2025 |
| Apr 30, 2025 | $0.02968 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0294 | Mar 31, 2025 |