Sector Allocation - CAILX
as of 04/30/2013
| Basic Materials | -- | |
|---|---|---|
| Consumer Cyclical | -- | |
| Financial Services | -- | |
| Real Estate | -- | |
| Consumer Defensive | -- | |
| Healthcare | -- | |
| Utilities | -- | |
| Communication Services | -- | |
| Energy | -- | |
| Industrials | -- | |
| Technology | -- |
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CAILX:NASDAQ
Lord Abbett California Tax Free Income Fund Class I – CAILX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 10.84 | 0.00 (0.00%) | 10.46 - 11.03 | 0.0 |
Market data as of 6:05PM 05/24/13. Quotes are delayed by at least 15 min.
Overview - CAILX
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.
Growth of $10,000 (10 Years)
| Total Return | 12.52% |
|---|---|
| Yield (Trailing 12 Mo.) | 3.73% |
| Expense Ratio | 0.62% |
| Front Load | None |
| Deferred Load | None |
| Minimum Investment | $1,000,000 |
| Management Tenure | 6 Years |
| Fund Inception | 01/31/2011 |
Trailing Total Returns - CAILX
as of 04/30/2013
| Timeframe | CAILX | S&P 500 | Muni California Long |
|---|---|---|---|
| 1 Month | 1.51% | 1.93% | 1.27% |
| 3 Month | 1.27% | 7.18% | 1.09% |
| Year-to-Date | 2.14% | 12.74% | 1.85% |
| 1 Year | 7.91% | 16.89% | 7.30% |
| 3 Year | 7.66% | 12.80% | 7.39% |
| 5 Year | 6.13% | 5.21% | 6.07% |
| 10 Year | 4.37% | 7.88% | 4.67% |
| Since Inception | 12.52% | 10.38% | -- |
Asset Allocation - CAILX
as of 04/30/2013
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 0.00 | 0.00 | ||
| Bond | -- | 98.69 | 98.69 | ||
| Other | -- | 0.00 | 0.00 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 98.69 | 98.69 | ||
| Cash | -- | 1.31 | 1.31 | ||
| Total Net Assets | $274.16M |
|---|---|
| Total Stock Holdings | 0 |
| Total Bond Holdings | 168 |
Top Ten Holdings - CAILX
as of 04/30/2013
| Company | YTD Return | % of 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% |
Valuation & Growth - CAILX
as of 04/30/2013
| Valuation | CAILX | Category Range |
|---|---|---|
| Price/Earnings | -- | |
| Price/Book | -- | |
| Price/Sales | -- | |
| Price/Cash Flow | -- | |
| Dividend Yield | ||
| LT Earnings | ||
| Historical Earnings | ||
| Sales Growth | ||
| Cash-Flow Growth | ||
| Book-Value Growth |
Key: Lo Hi
Morningstar Summary - CAILX, 3 Year
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Above Avg | |
| Return | Above Avg |
Key: Lo Hi
Tax Analysis - CAILX, 3 Year Avg
| Pretax Return | 7.66% |
|---|---|
| Tax-adjusted Return | -- |
| Tax Cost Ratio | -- |
| Potential Cap Gains | -3.85% |
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