Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Lord Abbett California Tax Free A LCFIX
- NAV / 1-Day Return 10.08 / +0.32 %
- Total Assets 618.6 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.760%
- Distribution Fee Level Average
- Share Class Type Front Load
- Category Muni California Long
- Credit Quality / Interest Rate Sensitivity Medium/Extensive
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 3.22%
- Effective Duration 8.20 years
USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:14 PM GMT+0
Morningstar’s Analysis LCFIX
Will LCFIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 13.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
CALIFORNIA HEALTH FACS FING AUTH REV 5% | 1.66 | 10.2 Mil | municipal |
ALAMEDA CORRIDOR TRANSN AUTH CALIF REV 5% | 1.57 | 9.7 Mil | municipal |
CALIFORNIA ST UNIV REV 5.25% | 1.48 | 9.1 Mil | municipal |
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | 1.47 | 9.1 Mil | municipal |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.25% | 1.47 | 9.0 Mil | municipal |
CALIFORNIA HSG FIN AGY MUN CTFS 3.25% | 1.37 | 8.4 Mil | municipal |
FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 4% | 1.30 | 8.0 Mil | municipal |
LOS ANGELES CALIF DEPT ARPTS REV 5.5% | 1.24 | 7.6 Mil | municipal |
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | 1.21 | 7.5 Mil | municipal |
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | 1.17 | 7.2 Mil | municipal |