Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.57% 484.29M 2.67% 14.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-54.14M -10.41% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. In pursuing its investment objective, the fund uses the volatility of the Bloomberg Municipal Bond Index as an approximation of reasonable risk. To pursue its investment objective, under normal conditions, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax and California personal income tax.
General
Security Type Mutual Fund
Oldest Share Symbol LCFIX
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni California Long
Category Index Bloomberg Municipal California Exempt TR
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Lord Abbett
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Daniel Solender 15.89 yrs
Gregory Shuman 7.59 yrs
Carson Houle 0.50 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 43
-54.14M
-1.378B Category Low
164.32M Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of July 31, 2022

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
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As of August 16, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
3.84%
0.34%
6.93%
0.70%
9.52%
4.84%
2.85%
-10.51%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
1.52%
-7.00%
3.36%
-0.25%
5.77%
0.59%
7.51%
4.40%
1.67%
-7.28%
3.04%
-0.03%
5.05%
0.61%
7.86%
3.92%
2.25%
-8.00%
2.67%
-0.57%
5.17%
0.13%
7.42%
3.24%
2.43%
-8.63%
3.43%
0.18%
6.47%
0.56%
8.43%
5.70%
1.99%
-7.90%
As of August 16, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-16-22) 2.67%
30-Day SEC Yield (7-31-22) Upgrade
7-Day SEC Yield (8-12-22) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.57%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Asset Allocation

As of June 30, 2022.
Type % Net % Long % Short
Cash 0.00% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 100.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 4%
1.78% -- --
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%
1.59% -- --
M-S-R ENERGY AUTH CALIF GAS REV 7%
1.37% -- --
SOUTHERN CALIF PUB PWR AUTH NAT GAS PROJ REV 5%
1.32% -- --
SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 4%
1.31% -- --
CALIFORNIA HSG FIN AGY MUN CTFS 4.25%
1.27% -- --
CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 2.4%
1.20% -- --
CALIFORNIA MUN FIN AUTH REV 4%
1.09% -- --
PALOMAR HEALTH CALIF REV 5%
1.06% -- --
CALIFORNIA MUN FIN AUTH REV 5%
1.05% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee Upgrade
Administration Fee Upgrade
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. In pursuing its investment objective, the fund uses the volatility of the Bloomberg Municipal Bond Index as an approximation of reasonable risk. To pursue its investment objective, under normal conditions, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax and California personal income tax.
General
Security Type Mutual Fund
Oldest Share Symbol LCFIX
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni California Long
Category Index Bloomberg Municipal California Exempt TR
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Lord Abbett
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Daniel Solender 15.89 yrs
Gregory Shuman 7.59 yrs
Carson Houle 0.50 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-16-22) 2.67%
30-Day SEC Yield (7-31-22) Upgrade
7-Day SEC Yield (8-12-22) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.57%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Fund Details

Key Dates
Inception Date 1/31/2011
Last Annual Report Date 9/30/2021
Last Prospectus Date 2/1/2022
Share Classes
CALAX C
LCFFX Other
LCFIX A
LCFOX Other
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

Top Portfolio Holders

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