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Lord Abbett California Tax Free C CALAX

Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.20  /  0.11 %
  • Total Assets 595.5 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 2.49%
  • Effective Duration 7.92 years

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 0
  • Bond Holdings 264
  • Other Holdings 1
  • % Assets in Top 10 Holdings 13.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ALAMEDA CORRIDOR TRANSN AUTH CALIF REV 5%

1.69
9,712,781
municipal

CALIFORNIA ST UNIV REV 5.25%

1.61
9,274,231
municipal

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

1.56
8,973,962
municipal

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

1.41
8,089,122
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5.5%

1.36
7,787,373
municipal

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

1.31
7,502,696
municipal

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

1.27
7,285,571
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

1.21
6,980,294
municipal

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

1.21
6,957,694
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 3.25%

1.19
6,832,878
municipal