LCFFX

About LCFFX

Lord Abbett California Tax Free Fund Class F is an open-ended municipal bond mutual fund designed to provide investors with a high level of interest income that is exempt from both federal and California personal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities issued within California or agencies supporting California infrastructure, such as education, healthcare, transportation, and other public services. Managed by Lord Abbett & Co., the portfolio emphasizes diversification while balancing tax efficiency with reasonable levels of risk, and employs a research-driven, actively managed approach. The fund features a competitive net expense ratio of 0.67% and pays dividends monthly. Its holdings span a broad maturity spectrum, with an average effective maturity over 20 years, allowing it to target longer-term tax-exempt income streams. Since its inception in 2007 for the Class F shares, the fund has played a significant role for investors seeking state-specific municipal exposure and tax-advantaged fixed income within diversified portfolios. Lord Abbett California Tax Free Fund Class F is especially relevant for California residents wishing to reduce both federal and state tax liability through municipal bond allocations.