Performance
Trailing returns
| 1 day |
| -0.08% | |||
| 1 week | +0.06% |
| |||
| 4 week | +0.36% |
| |||
| 3 month | +1.22% |
| |||
| YTD | +1.91% |
| |||
| 1 year | +6.72% |
| |||
| 3 years* | +7.48% |
| |||
| 5 years* | +5.79% |
| |||
| *annualized | |||||
| Best 3 month return | +10.82% | |
| Worst 3 month return | -11.87% |
Morningstar statistics
Morningstar category: Muni California Long
| Return | Risk | Rating | |
| 3 years | Above Average | Above Average |
 
|
| 5 years | Above Average | Above Average |
|
| 10 years | Average | Above Average |
|
| Overall | Above Average | Above Average |
|
Key statistics
| Total assets | 274.16M | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 0.69% | |
| Management fee | - | |
| Fund family | Lord Abbett |
Asset allocation
| Cash | 1.31% | |
| Stocks | 0.00% | |
| Bonds | 98.69% | |
| Other | 0.00% |
Purchase information
| Initial | $0 |
10.87-0.01(-0.09%)
May 21, 4:00PM EDT
Overall Morningstar RatingTM
Description
The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. The fund uses the volatility of the Barclays Municipal Bond Index as an approximation of reasonable risk. It invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax and California personal income tax. If the interest on a municipal bond meets these standards, the fund will treat the bond as qualifying for purposes of the 80% requirement even if the issuer is located outside of California. It invests primarily in investment grade municipal bonds. The fund is non-diversified.
Fund filings (PDF) »
Fund filings (PDF) »
Asset managers:
Daniel Solender (Started: Dec 31, 2006)
Paul Langlois (Started: Jun 1, 2012)
Daniel Solender (Started: Dec 31, 2006)
Paul Langlois (Started: Jun 1, 2012)
90 Hudson Street
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 0.60 | -1.02 | -2.32 | -1.67 | |
| Beta* | 1.38 | 1.41 | 1.44 | 1.34 | |
| Mean annual return | 0.63 | 0.63 | 0.52 | 0.38 | |
| R-squared* | 96.15 | 90.28 | 84.68 | 87.90 | |
| Standard deviation | 3.98 | 5.57 | 7.40 | 6.49 | |
| Sharpe ratio | 1.88 | 1.33 | 0.80 | 0.43 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| California St Var Purp 5.25% | 2.22% | |
| Los Angeles Calif Dept Arpts A Senior 5% | 2.07% | |
| Golden St Tob Securitization C Enhanc 5% | 1.76% | |
| California St Var Purp 5.25% | 1.69% | |
| California St Go Bds 6.5% | 1.59% | |
| California St Go Bds 5% | 1.35% | |
| California St Go Bds 5% | 1.35% | |
| San Mateo Calif Jt Pwrs Fing A Lea 5.25% | 1.26% | |
| California St Go Bds 5.25% | 1.26% | |
| California St Pub Wks Brd Leas Lease 5% | 1.25% |