- ISIN
- US5439028524
- CUSIP
- 543902852
- Issuer
- Lord Abbett
- Inception Date
- Sep 2, 1985
- Category
- Municipal Bonds
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
LCFIX Performance Chart
Lord Abbett California Tax Free Fund (LCFIX) is up 0.6% since the beginning of the year. LCFIX is currently trading at $10 per share. Investors who bought $1,000 worth of LCFIX shares 5 years ago would now be looking at an investment worth $967.
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Returns By Period
Lord Abbett California Tax Free Fund (LCFIX) has returned 0.60% so far this year and 5.80% over the past 12 months. Over the last ten years, LCFIX has returned 1.50% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Lord Abbett California Tax Free Fund
- 1D
- -0.30%
- 1M
- -2.27%
- 6M
- 0.00%
- YTD
- 0.60%
- 1Y
- 5.80%
- 3Y*
- 2.82%
- 5Y*
- -0.66%
- 10Y*
- 1.50%
- ALL TIME*
- 4.18%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
LCFIX Monthly Returns History
Based on dividend-adjusted daily data since Aug 30, 1985, LCFIX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +7.0%, while the worst month was Apr 1987 at -7.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LCFIX closed higher 40% of trading days. The best single day was Mar 25, 2020 with a return of +5.0%, while the worst single day was Oct 10, 2008 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | 1.50% | -2.36% | 1.31% | 0.60% | 1.30% | -2.27% | 0.60% | |||||
| 2025 | -0.12% | 1.37% | -1.98% | -0.72% | -0.62% | 0.51% | -0.73% | 0.83% | 3.20% | 1.30% | 0.40% | -0.20% | 3.19% |
| 2024 | -0.03% | 0.18% | -0.20% | -1.20% | 0.18% | 1.30% | 0.87% | 0.47% | 1.25% | -1.47% | 1.66% | -1.10% | 1.87% |
| 2023 | 3.68% | -2.69% | 1.97% | 0.05% | -0.74% | 1.26% | 0.26% | -1.53% | -3.17% | -2.09% | 7.04% | 2.88% | 6.63% |
| 2022 | -3.42% | -0.89% | -4.02% | -4.37% | 1.59% | -3.58% | 3.51% | -2.69% | -5.09% | -1.44% | 6.14% | 0.05% | -13.89% |
| 2021 | 0.96% | -2.02% | 0.80% | 1.23% | 0.69% | 0.44% | 0.94% | -0.58% | -1.10% | -0.08% | 1.13% | 0.26% | 2.66% |
Benchmark Metrics
Lord Abbett California Tax Free Fund has an annualized alpha of 4.03%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since August 30, 1985.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (17.57%) than losses (8.38%) - typical of diversified or defensive assets.
- Beta of 0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.03%
- Beta
- 0.02
- R²
- 0.01
- Upside Capture
- 17.57%
- Downside Capture
- 8.38%
Expense Ratio
LCFIX has an expense ratio of 0.77%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LCFIX ranks 72 for risk / return — above 72% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Lord Abbett California Tax Free Fund (LCFIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LCFIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.25 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.00 | +0.10 |
| Martin ratioReturn relative to average drawdown | 7.10 | 8.49 | -1.39 |
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 $0.33 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.41 | $0.31 | $0.28 | $0.20 | $0.26 | $0.28 | $0.34 | $0.33 | $0.34 | $0.36 | $0.37 |
Dividend yield | 3.32% | 4.07% | 3.04% | 2.77% | 2.02% | 2.19% | 2.40% | 3.01% | 3.09% | 3.05% | 3.35% | 3.37% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.18 | |||||
| 2025 | $0.03 | $0.06 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2024 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.31 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.28 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.03 | $0.20 |
| 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 |
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.
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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 22.34%, occurring on Oct 19, 1987. Recovery took 779 trading sessions.
The current Lord Abbett California Tax Free Fund drawdown is 3.28%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.34%Oct 1987 | 7mo 17d | 3y 28d | 3y 8moMar 1987 - Nov 1990 | Black Monday1987 |
-21.02%Dec 2008 | 10mo 26d | 9mo 5d | 1y 7moJan 2008 - Sep 2009 | Financial crisis2007–2009 |
-19.85%Oct 2022 | 1y 2mo | — | 4y 12moAug 2021 - now | Bear market2022 |
-14.78%Mar 2020 | 21d | 8mo 20d | 9mo 11dMar 2020 - Dec 2020 | COVID crash2020 |
-14.75%Nov 1994 | 9mo 24d | 10mo 2d | 1y 7moFeb 1994 - Sep 1995 | — |
Drawdown Indicators
| LCFIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -56.78% | +34.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -9.10% | +5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -6.36% | -18.90% | +12.54% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -25.43% | +5.58% |
Max Drawdown (10Y)Largest decline over 10 years | -19.85% | -33.92% | +14.07% |
Current DrawdownCurrent decline from peak | -3.28% | -1.58% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -10.70% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.14% | -1.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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