Lord Abbett California Tax Free Fund Class A (LCFIX)
| Fund Assets | 737.20M |
| Expense Ratio | 0.80% |
| Min. Investment | $1,000 |
| Turnover | 40.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.24% |
| Dividend Growth | 4.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2026 |
| Previous Close | 9.89 |
| YTD Return | 0.49% |
| 1-Year Return | 5.57% |
| 5-Year Return | -3.44% |
| 52-Week Low | 9.64 |
| 52-Week High | 10.17 |
| Beta (5Y) | 0.09 |
| Holdings | 291 |
| 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 5.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.16%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCTFX | Fidelity | Fidelity California Municipal Income Fund | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class I | 0.52% |
| FCMTX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class M | 0.67% |
| FCMKX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class C | 1.49% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2026 | $0.03008 | Jul 31, 2026 |
| Jun 30, 2026 | $0.03019 | Jun 30, 2026 |
| May 29, 2026 | $0.02974 | May 29, 2026 |
| Apr 30, 2026 | $0.02982 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02982 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03062 | Feb 27, 2026 |