Lord Abbett California Tax Free Fund Class A (LCFIX)
| Fund Assets | 671.47M |
| Expense Ratio | 0.77% |
| Min. Investment | $1,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.40% |
| Dividend Growth | 4.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 10.26 |
| YTD Return | 2.33% |
| 1-Year Return | 0.57% |
| 5-Year Return | -0.41% |
| 52-Week Low | 9.51 |
| 52-Week High | 10.30 |
| Beta (5Y) | n/a |
| Holdings | 279 |
| Inception Date | Sep 3, 1985 |
About LCFIX
Lord Abbett California Tax Free Fund Class A is a municipal bond mutual fund designed to provide investors with income that is exempt from both federal and California state personal income taxes. The fund primarily invests in investment-grade municipal bonds, including those issued by or on behalf of California, with the goal of maximizing tax-free interest income while maintaining a focus on reasonable risk levels. Under normal market conditions, at least 80% of its net assets are allocated to these tax-exempt securities, and the portfolio is actively managed to adapt to changing market conditions and credit environments. This fund stands out for its emphasis on providing tax-advantaged income, appealing particularly to residents of California seeking to minimize their overall tax liability. The fund is managed by an experienced investment team and has a long operating history since its inception in 1985. It typically pays dividends monthly and is characterized by an average effective maturity of about 20 years and a moderate duration profile. Lord Abbett California Tax Free Fund Class A plays an important role in the municipal debt sector by facilitating capital for public infrastructure while offering investors a means to earn income with potential tax benefits.
Performance
LCFIX had a total return of 0.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.46%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCMAX | Fidelity | Fidelity Advisor California Muni Inc A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income Fund | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Muni Inc Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Muni Inc I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Muni Inc M | 0.67% |
Top 10 Holdings
10.75% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA ST UNIV REVENUE - California State University | CA.CASHGR 5.5 11.01.2055 | 1.31% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE - California Community Choice Financing Authority | CA.CCEDEV 01.01.2054 | 1.21% |
| CALIFORNIA HSG FIN AGY MUNI CTFS - California Housing Finance Agency | CA.CASHSG 3.25 08.20.2036 | 1.13% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE - California Community Choice Financing Authority | CA.CCEDEV 10.01.2055 | 1.12% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE - California Community Choice Financing Authority | CA.CCEDEV 01.01.2055 | 1.08% |
| 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 | 1.07% |
| ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE - Alameda Corridor Transportation Authority | CA.ALATRN 5 10.01.2052 | 0.97% |
| CALIFORNIA ST HLTH FACS FING AUTH REVENUE - California Health Facilities Financing Authority | n/a | 0.96% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE - California Community Choice Financing Authority | CA.CCEDEV 01.01.2056 | 0.95% |
| CALIFORNIA ST HLTH FACS FING AUTH REVENUE - California Health Facilities Financing Authority | CA.CASMED 5 11.15.2044 | 0.95% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.02979 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02933 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02969 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0296 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02923 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02913 | Jun 30, 2025 |