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Lord Abbett CA Tax-Free Income F (LCFFX) Fund Ranking and Research

Ranking, Research and Recommendation of Lord Abbett CA Tax-Free Income F (LCFFX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Lord Abbett CA Tax-Free Income F Fund (LCFFX) ManagerFund Manager - Daniel S. Solender

Fund Manager Information

Fund Manager Tenure: 13.2 years
Similar Funds: LCFIX 
Fund Family: Lord Abbett
Fund Category: Muni California Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.58)     (What does this score mean?)
Mr. Solender is the lead portfolio manager of the municipal bond capabilities. Mr. Solender joined Lord Abbett in 2006 and was named Partner in 2008. His prior experience includes: Vice President and Portfolio Manager at Nuveen Investments; Principal and Portfolio Manager at Vanguard Group; Assistant Vice President and Portfolio Manager at Nuveen Advisory Corp.; Financial Analyst/Assistant Manager, Research and Product Development at Citibank. Mr. Solender received a BA from Columbia University and an MBA from the University of Chicago. He is the holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.  Get more insights on Daniel S. Solender

 

Graph of Lord Abbett CA Tax-Free Income F Fund (LCFFX) ProfileLord Abbett CA Tax-Free Income F Fund (LCFFX) Profile

Fund Profile and Description

Lord Abbett CA Tax-Free Income F Fund seeks income exempt from federal and California income taxes. Lord Abbett CA Tax-Free Income F Fund normally invests at least 80% of net asset in municipal bonds, the interest on which is exempt from federal and California's personal income tax. It may invest up to 20% of net assets in municipal bonds rated below investment grade. It may also invest up to 20% of net assets in other fixed income securities with interest subject to federal and California's personal income tax. It may maintain the average weighted maturity between 10 and 25 years. It is non-diversified.

 

Lord Abbett CA Tax-Free Income F (LCFFX) Fund Strength What we like about Lord Abbett CA Tax-Free Income F (LCFFX) Fund

Data for Lord Abbett CA Tax-Free Income F Fund (LCFFX) as of May 30, 2016

  • Lord Abbett CA Tax-Free Income F Fund (LCFFX) management has been with Lord Abbett CA Tax-Free Income F Fund for 13.2 years
  • Lord Abbett CA Tax-Free Income F Fund (LCFFX) has good short-term performance (1-year return 7.08% vs 6.63% Muni California Long category median performance)
  • Lord Abbett CA Tax-Free Income F Fund (LCFFX) has good mid-term performance (3-year return 5.15% vs 4.68% Muni California Long category median performance)
  • Lord Abbett CA Tax-Free Income F Fund (LCFFX) has good Long-term performance (5-year return 7.14% vs 6.44% Muni California Long category median performance)
  • Lord Abbett CA Tax-Free Income F Fund (LCFFX) ratio of up-years vs down years is greater than 2
  • Lord Abbett CA Tax-Free Income F Fund (LCFFX) has a Morningstar rating of 4 and above
  • Asset base in Lord Abbett CA Tax-Free Income F Fund (LCFFX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Lord Abbett CA Tax-Free Income F Fund (LCFFX) has an annual stock turnover rate of 15.10% vs Muni California Long average of 19.12%. It is good that Lord Abbett CA Tax-Free Income F management does not trade extensively for its return.
  • Lord Abbett CA Tax-Free Income F Fund (LCFFX) has a lower expense ratio than its Muni California Long average: 0.71% vs 0.88%

Lord Abbett CA Tax-Free Income F Fund (LCFFX) Weakness What we are cautious about Lord Abbett CA Tax-Free Income F (LCFFX) Fund

Data for Lord Abbett CA Tax-Free Income F Fund (LCFFX) as of May 30, 2016

  • Lord Abbett CA Tax-Free Income F Fund (LCFFX) is less safe compared to its Muni California Long peers
  • Lord Abbett CA Tax-Free Income F Fund (LCFFX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.48 that is higher than category average of 4.35
  • Even though Lord Abbett CA Tax-Free Income F Fund carries no load, it does have a 0.10% of 12b1 promotion, distributions, marketing expenses
See Lord Abbett CA Tax-Free Income F Fund (LCFFX) performance details as of May 30, 2016

 

What do you think?

 

Compare Lord Abbett CA Tax-Free Income F Fund (LCFFX)Compare with other top Muni California Long category mutual funds

Aadditional top Muni California Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Lord Abbett CA Tax-Free Income F3.567.085.157.14
American Century CA Hi-Yld Muni Inv (BCHYX)4.258.696.057.62Compare
Franklin CA High Yield Municipal A (FCAMX)4.218.376.058.83Compare
Invesco CA Tax-Free Income Y (CLFDX)3.587.595.247.01Compare

See top fund managers for Muni California Long Category Funds

 

Compare Lord Abbett CA Tax-Free Income F Fund (LCFFX)Compare with Muni California Long category ETFs

Some Muni California Long ETFs for your consideration

ETFYear to DateOne YearThree Year
SPDR Nuveen Barclays CA Muni Bd ETF (CXA)3.30%7.63%5.25%

 

Graph of Lord Abbett CA Tax-Free Income F Fund (LCFFX) Net Asset TrackingLord Abbett CA Tax-Free Income F (LCFFX) Fund Net Asset

Track net asset change of Lord Abbett CA Tax-Free Income F fund (LCFFX)

DateNet Asset
05/2016$312.79M
03/2016$296.39M
02/2016$286.67M
More historic net asset information on Lord Abbett CA Tax-Free Income F Fund (LCFFX)

  

Graph of Lord Abbett CA Tax-Free Income F Fund (LCFFX) Portfolio TrackingLord Abbett CA Tax-Free Income F (LCFFX) Fund Portfolio Allocation

Track portfolio allocation change of Lord Abbett CA Tax-Free Income F fund (LCFFX)

DateCashStockBondOther
03/20162.53%0%96.64%0.83%
12/20152.98%0%96.13%0.89%
09/20150.93%0%98.17%0.9%
Click here to see more historic asset allocation information on Lord Abbett CA Tax-Free Income F Fund (LCFFX)

 

graph of Lord Abbett CA Tax-Free Income F Fund (LCFFX) Top 10 Position TrackingTop 10 Holdings in Lord Abbett CA Tax-Free Income F (LCFFX) Fund

Discover what Lord Abbett CA Tax-Free Income F Fund (LCFFX) manager is buying

Mar 30, 2016
San Joaquin Hills Calif Transn Sr Lie 5% [1.69%]
California St Var Purp 5.25% [1.61%]
California St Go Bds 6.5% [1.37%]
California St Go Bds 5.25% [1.2%]
San Mateo Calif Jt Pwrs Fing A Lea 5.25% [1.16%]
Foothill / Eastern Transn Corr Ref Re 6% [1.15%]
Bay Area Toll Auth 5% [1.12%]
California St For Previous Iss Var 5.25% [1.05%]
California Mun Fin Auth 5% [0.89%]

Dec 30, 2015
San Joaquin Hills Calif Transn Sr Lie 5% [1.81%]
California St Var Purp 5.25% [1.73%]
California St Go Bds 6.5% [1.5%]
California St Go Bds 5.25% [1.3%]
San Mateo Calif Jt Pwrs Fing A Lea 5.25% [1.25%]
Bay Area Toll Auth 5% [1.21%]
Foothill / Eastern Transn Corr Ref Re 6% [1.19%]
California St For Previous Iss Var 5.25% [1.13%]
California Mun Fin Auth 5% [0.95%]

Sep 29, 2015
San Joaquin Hills Calif Transn Sr Lie 5% [1.83%]
California St Var Purp 5.25% [1.77%]
California St Go Bds 6.5% [1.58%]
California St Go Bds 5.25% [1.31%]
San Mateo Calif Jt Pwrs Fing A Lea 5.25% [1.3%]
Bay Area Toll Auth 5% [1.25%]
Foothill / Eastern Transn Corr Ref Re 6% [1.22%]
California St For Previous Iss Var 5.25% [1.14%]
California Mun Fin Auth 5% [0.97%]
Click here for Stock Holding Change Map in Lord Abbett CA Tax-Free Income F Fund (LCFFX)

  

Latest News on Lord Abbett CA Tax-Free Income F (LCFFX) Fund

See what is happening with Lord Abbett CA Tax-Free Income F Fund (LCFFX)

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