Lord Abbett California Tax Free F3 (LCFOX)
| Fund Assets | 638.03M |
| Expense Ratio | 0.55% |
| Min. Investment | $0.00 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.70% |
| Dividend Growth | 4.08% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.97 |
| YTD Return | -0.39% |
| 1-Year Return | -0.87% |
| 5-Year Return | -1.38% |
| 52-Week Low | 9.51 |
| 52-Week High | 10.36 |
| Beta (5Y) | 0.32 |
| Holdings | 274 |
| Inception Date | n/a |
About LCFOX
Lord Abbett California Tax Free Fund is a municipal bond mutual fund that seeks to maximize interest income exempt from federal and California personal income tax. The fund primarily invests in investment grade municipal bonds, aiming for at least 80% of assets in securities that generate tax-free income for California residents. These holdings span diverse sectors such as transportation, healthcare, education, and utilities, helping to support public infrastructure and essential services across California and, to a lesser extent, other states when the bonds meet the fund’s tax-exemption criteria. With a portfolio of over 275 securities and an effective duration around eight years, the fund strategically manages interest rate risk while maintaining broad diversification. The Lord Abbett California Tax Free Fund plays an important role in the California municipal bond market, offering investors who seek tax-advantaged income a professionally managed vehicle that contributes to the financing of state and local development projects.
Performance
LCFOX had a total return of -0.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.68%.
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 | $0.03157 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03121 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03106 | Jun 30, 2025 |
| May 30, 2025 | $0.03081 | May 30, 2025 |
| Apr 30, 2025 | $0.03085 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03061 | Mar 31, 2025 |