Lord Abbett California Tax Free Fund (LCFIX)
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.
Fund Info
US5439028524
543902852
Sep 2, 1985
$1,000
Expense Ratio
LCFIX features an expense ratio of 0.77%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lord Abbett California Tax Free Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Lord Abbett California Tax Free Fund had a return of -0.02% year-to-date (YTD) and 2.35% in the last 12 months. Over the past 10 years, Lord Abbett California Tax Free Fund had an annualized return of 2.12%, while the S&P 500 had an annualized return of 11.26%, indicating that Lord Abbett California Tax Free Fund did not perform as well as the benchmark.
LCFIX
-0.02%
0.58%
0.27%
2.35%
-0.17%
2.12%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of LCFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.12% | -0.02% | |||||||||||
| 2024 | 0.24% | 0.18% | -0.20% | -0.93% | 0.18% | 1.30% | 1.15% | 0.20% | 1.53% | -1.47% | 1.66% | -1.38% | 2.41% |
| 2023 | 3.93% | -2.69% | 1.97% | -0.20% | -0.50% | 1.26% | 0.26% | -1.53% | -3.44% | -1.53% | 7.04% | 2.61% | 6.91% |
| 2022 | -3.42% | -0.89% | -4.02% | -4.58% | 1.80% | -3.36% | 3.51% | -2.48% | -4.86% | -1.44% | 6.14% | 0.05% | -13.32% |
| 2021 | 0.77% | -2.03% | 1.00% | 1.23% | 0.51% | 0.62% | 0.77% | -0.41% | -1.10% | -0.26% | 1.31% | 0.26% | 2.66% |
| 2020 | 2.23% | 1.93% | -6.81% | -2.32% | 3.95% | 1.74% | 2.15% | -0.50% | -0.15% | -0.15% | 2.14% | 0.80% | 4.65% |
| 2019 | 0.54% | 0.65% | 2.11% | 0.71% | 1.69% | 0.42% | 0.68% | 2.35% | -0.74% | -0.04% | 0.22% | 0.39% | 9.30% |
| 2018 | -1.21% | -0.48% | 0.72% | -0.39% | 1.37% | 0.17% | 0.16% | 0.35% | -0.75% | -1.13% | 0.83% | 0.92% | 0.51% |
| 2017 | 0.93% | 0.75% | 0.18% | 0.83% | 1.55% | -0.02% | 0.71% | 0.88% | -0.57% | 0.26% | -0.20% | 1.26% | 6.73% |
| 2016 | 1.29% | 0.20% | 0.46% | 0.91% | 0.63% | 2.05% | 0.09% | 0.25% | -0.37% | -1.17% | -4.76% | 0.75% | 0.17% |
| 2015 | 2.02% | -1.16% | 0.27% | -0.63% | -0.18% | -0.45% | 0.57% | 0.29% | 0.84% | 0.56% | 0.57% | 0.93% | 3.66% |
| 2014 | 2.71% | 1.49% | 0.40% | 1.37% | 2.11% | 0.10% | 0.29% | 1.70% | 0.38% | 1.02% | 0.10% | 0.84% | 13.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LCFIX is 29, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett California Tax Free Fund (LCFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett California Tax Free Fund provided a 3.32% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.33 | $0.31 | $0.29 | $0.26 | $0.28 | $0.32 | $0.33 | $0.34 | $0.36 | $0.37 | $0.38 |
Dividend yield | 3.32% | 3.30% | 3.04% | 2.92% | 2.19% | 2.40% | 2.79% | 3.09% | 3.06% | 3.36% | 3.38% | 3.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett California Tax Free Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.29 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.32 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett California Tax Free Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lord Abbett California Tax Free Fund was 19.51%, occurring on Dec 15, 2008. Recovery took 180 trading sessions.
The current Lord Abbett California Tax Free Fund drawdown is 5.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.51% | Jan 24, 2008 | 226 | Dec 15, 2008 | 180 | Sep 2, 2009 | 406 |
| -19.32% | Aug 6, 2021 | 311 | Oct 25, 2022 | — | — | — |
| -18.88% | Mar 6, 1987 | 162 | Oct 19, 1987 | 95 | Feb 29, 1988 | 257 |
| -15.6% | Sep 8, 1993 | 315 | Nov 22, 1994 | 245 | Oct 31, 1995 | 560 |
| -14.78% | Mar 2, 2020 | 16 | Mar 23, 2020 | 181 | Dec 8, 2020 | 197 |
Volatility
Volatility Chart
The current Lord Abbett California Tax Free Fund volatility is 1.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.