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Lord Abbett California Tax Free C CALAX

Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.18  /  +0.01 %
  • Total Assets 618.8 Mil
  • Adj. Expense Ratio
    1.390%
  • Expense Ratio 1.390%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.52%
  • Effective Duration 8.09 years

USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:15 PM GMT+0

Morningstar’s Analysis CALAX

Will CALAX outperform in future?

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

Lord Abbett California Tax Free C's Average Process and People Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

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 most expensive quintile among peers.

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Portfolio Holdings CALAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 14.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.70 10.2 Mil
municipal

ALAMEDA CORRIDOR TRANSN AUTH CALIF REV 5%

1.63 9.7 Mil
municipal

CALIFORNIA ST UNIV REV 5.25%

1.56 9.3 Mil
municipal

LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 2.75%

1.55 9.3 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

1.52 9.1 Mil
municipal

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.25%

1.51 9.0 Mil
municipal

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

1.34 8.0 Mil
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5.5%

1.29 7.8 Mil
municipal

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

1.24 7.4 Mil
municipal

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

1.21 7.2 Mil
municipal