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Lord Abbett California Tax-free Income Fund Inc. Cl A: (MF: LCFIX)
(NASDAQ Mutual Funds) As of Nov 4, 2024 08:00 PM ET
$10.18 USD
+0.03 (0.30%)
Zacks MF Rank
4-Sell of 5 4
Fund Description
The fund was incepted in September 1985 and is managed by Lord Abbett and Co. The fund's objective is to seek the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risks. The fund invests in municipal bonds, which at the time of purchase are investment grade or determined by Lord Abbett to be of comparable quality. Fund attempts to be at least 80% invested in municipal bonds. The fund offers dividends monthly and capital gains annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Lord Abbett Tax Free Inc-CA A | LCFIX | 2.25 | NA | 0.00 | 0.20 | 0.45 | 0.77 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Lord Abbett Tax Free Inc-CA A | LCFIX | 10.18 | 9/3/1985 | 3.20 | 11.77 | -1.04 | 0.62 |
| Lord Abbett Tax Free Inc-CA C | CALAX | 10.24 | 7/15/1996 | 2.61 | 11.09 | -1.63 | 0.02 |
| Lord Abbett Tax Free Inc-CA F | LCFFX | 10.26 | 10/1/2007 | 3.29 | 11.88 | -0.95 | 0.71 |
| Lord Abbett Tax Free Inc-CA I | CAILX | 10.24 | 2/1/2011 | 3.39 | 12.00 | -0.88 | 0.81 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Lord Abbett Tax Free Inc-CA A | LCFIX | 1000 | 0 | 0 | M |
Contact Information
| Family | Lord Abbett |
| Address | 30 Hudson Street Jersey City, NJ 07302 |
| Phone | 888 522-2388 |