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Morningstar

Lord Abbett California Tax Free I CAILX

Morningstar Analyst Rating
Quantitative rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.06  /  0.52 %
  • Total Assets 499.3 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.570%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.98%
  • Effective Duration 8.27 years

USD | NAV as of Mar 25, 2023 | 1-Day Return as of Mar 25, 2023, 12:00 AM GMT+0

Morningstar’s Analysis CAILX

Will CAILX outperform in future?

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

Process Pillar

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

People Pillar

The People Pillar is our evaluation of the CAILX 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 CAILX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Lord Abbett California Tax Free I's Average Process Pillar and People Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings CAILX

More CAILX Holdings
  • Current Portfolio Date Jan 31, 2023
  • Equity Holdings 0
  • Bond Holdings 292
  • Other Holdings 1
  • % Assets in Top 10 Holdings 13.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ALAMEDA CORRIDOR TRANSN AUTH CALIF REV 5%

2.03
9,942,015
municipal

FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 4%

1.76
8,622,984
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.51
7,413,054
municipal

M-S-R ENERGY AUTH CALIF GAS REV 7%

1.32
6,462,393
municipal

SOUTHERN CALIF PUB PWR AUTH NAT GAS PROJ REV 5%

1.27
6,233,673
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.18
5,790,343
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 4.25%

1.17
5,762,004
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5.5%

1.14
5,591,584
municipal

CALIFORNIA MUN FIN AUTH REV 4%

1.01
4,961,835
municipal

CALIFORNIA MUN FIN AUTH REV 5%

1.01
4,944,748
municipal