LCFIX – Lord Abbett California Tax Free A Fund Stock Price | Morningstar

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NAV / 1-Day Return 10.15 / −0.07 %
Total Assets 626.9 Mil
Adj. Expense Ratio

0.760%
Expense Ratio 0.760%
Distribution Fee Level Average
Share Class Type Front Load
Category Muni California Long
Credit Quality / Interest Rate Sensitivity Medium/Extensive
Min. Initial Investment 1,000
Status Open
TTM Yield 3.22%
Effective Duration 8.06 years

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:16 PM GMT+0

Will LCFIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LCFIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the LCFIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of LCFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Lord Abbett California Tax Free A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research

Rated on Mar 31, 2024 Published on Mar 31, 2024

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