Morningstar

Lord Abbett California Tax Free Fund Class C CALAX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.07  /  0.00
  • Total Assets 734.6M
  • Adj. Expense Ratio
    1.410%
  • Expense Ratio 1.440%
  • 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 2.90%
  • Effective Duration 9.54 years

USD | NAV as of Jul 13, 2026 | 1-Day Return as of Jul 13, 2026, 9:33 PM GMT+0

Morningstar’s Analysis CALAX

Will CALAX outperform in the 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 CALAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Lord Abbett California Tax Free C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings CALAX

More CALAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

1.12 8M
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 3.25%

1.10 8M
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5.5%

1.00 7M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.99 7M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5.25%

0.90 6M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

0.89 6M
municipal

CALIFORNIA ST 5%

0.87 6M
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5.25%

0.86 6M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.85 6M
municipal

LONG BEACH CALIF UNI SCH DIST 5%

0.85 6M
municipal

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