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Lord Abbett California Tax Free C CALAX

Quantitative rating as of
  • NAV / 1-Day Return 10.23  /  0.10 %
  • Total Assets 496.1 Mil
  • Adj. Expense Ratio
    1.400%
  • Expense Ratio 1.420%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.03%
  • Effective Duration

Morningstar’s Analysis CALAX

Will CALAX outperform in future?

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

Summary

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Lord Abbett California Tax Free C's Average Process and People Pillar ratings aren't enough to prevent other weaknesses from sending this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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