CALAX Performance — Lord Abbett California Tax-Free Income Fund, Class C
Data updated: 2026-08-28
CALAX returned +2.62% year to date and +7.22% over one year to Jun 2026. Annualised returns are +3.03% over 3 years and −0.53% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $109, against $112 for the category, and to $107 over one year, against $108. Volatility over the past three years was 6.27% a year. In the 12 months to Jun 2026 the fund took in a net $61.3M, and assets reached $737.20M.
CALAX Growth of $100
What $100 invested in Lord Abbett California Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | CALAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $109 | $112 |
| 5 years (Jul 2021 – Jun 2026) | $97 | $103 |
| Since data start (Jul 2019 – Jun 2026) | $106 | $113 |
CALAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.62% |
| 1 year | +7.22% |
| 3 years (annualised) | +3.03% |
| 5 years (annualised) | −0.53% |
CALAX Annual Returns
Calendar-year total returns of Lord Abbett California Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.62% |
| 2025 | +1.89% |
| 2024 | +1.41% |
| 2023 | +6.27% |
| 2022 | −13.79% |
| 2021 | +2.01% |
| 2020 | +3.85% |
| 2019 (Jul–Dec) | +2.64% |
CALAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +1.5% | −2.4% | +1.3% | +0.5% | +1.2% | — | — | — | — | — | — |
| 2025 | −0.2% | +1.0% | −1.9% | −1.2% | −0.7% | +0.4% | −0.7% | +0.8% | +3.1% | +1.2% | +0.2% | −0.3% |
| 2024 | −0.2% | +0.1% | 0.0% | −1.2% | +0.1% | +1.6% | +0.7% | +0.5% | +1.2% | −1.6% | +1.6% | −1.4% |
| 2023 | +3.5% | −2.7% | +1.9% | +0.1% | −0.8% | +1.1% | +0.2% | −1.6% | −3.1% | −1.9% | +7.0% | +2.8% |
| 2022 | −3.5% | −0.8% | −4.1% | −4.5% | +1.5% | −3.3% | +3.6% | −2.7% | −4.9% | −1.5% | +6.1% | +0.1% |
| 2021 | +0.9% | −2.0% | +0.7% | +1.2% | +0.6% | +0.4% | +0.9% | −0.5% | −1.1% | −0.2% | +1.1% | +0.2% |
| 2020 | +2.2% | +1.8% | −6.9% | −2.4% | +3.9% | +1.8% | +2.0% | −0.5% | −0.2% | −0.2% | +2.1% | +0.7% |
| 2019 | — | — | — | — | — | — | +0.7% | +2.2% | −0.8% | 0.0% | +0.1% | +0.4% |
CALAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 6.27%
- 3-year Sharpe ratio: -0.23 (vs 4.5% risk-free rate)
- Best month: +6.98% (Nov 2023)
- Worst month: −3.12% (Sep 2023)
CALAX Fund Flows
Monthly money in and out of Lord Abbett California Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: $61.3M
- 12-month gross sales (incl. reinvestments): $274.6M
- Sales ÷ redemptions: 1.29×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $24.8M | $15.6M | $9.2M |
| May 2026 | $19.7M | $15.4M | $4.3M |
| Apr 2026 | $17.9M | $14.2M | $3.7M |
| Mar 2026 | $25.9M | $11.5M | $14.4M |
| Feb 2026 | $23.2M | $16.8M | $6.4M |
| Jan 2026 | $25.8M | $20.0M | $5.8M |
| Dec 2025 | $26.1M | $30.4M | −$4.3M |
| Nov 2025 | $19.2M | $15.3M | $4.0M |
| Oct 2025 | $27.6M | $16.8M | $10.9M |
| Sep 2025 | $30.6M | $15.7M | $14.9M |
| Aug 2025 | $19.3M | $20.0M | −$663K |
| Jul 2025 | $14.5M | $21.7M | −$7.2M |
CALAX Assets Under Management
Net assets of Lord Abbett California Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $737.20M |
| 2026-03-31 | $703.60M |
| 2025-12-31 | $685.86M |
| 2025-09-30 | $671.47M |
| 2025-06-30 | $648.73M |
| 2025-03-31 | $660.27M |
| 2024-12-31 | $667.88M |
| 2024-09-30 | $665.19M |
| 2024-06-30 | $630.69M |
| 2024-03-31 | $618.42M |
| 2023-12-31 | $580.09M |
| 2023-09-30 | $514.28M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.