LCFOX Fees and Costs — Lord Abbett California Tax-Free Income Fund, Class F3
Data updated: 2026-08-28
The net expense ratio is 0.57%: a 0.45% management fee plus 0.12% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 40%.
LCFOX Fees and Expenses
Annual operating expenses and sales charges of LCFOX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.57% |
| Fee waiver | — |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LCFOX Costs Over Time
On $10,000 invested in LCFOX, assuming 5% a year before costs, total costs come to $360 over 5 years, cutting the return by 0.60% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.57%) | $60 | $188 | $327 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $197 | $360 |
| Value after costs | $10,440 | $11,379 | $12,403 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
LCFOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $896.5M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
LCFOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $252.8M | 32.79% |
| Wells Fargo Securities, LLC | $127.9M | 16.59% |
| State Street Bank and Trust Company | $70.4M | 9.13% |
| Morgan Stanley & Co. LLC | $69.4M | 9.00% |
| BNY Capital Markets, LLC | $67.9M | 8.81% |
| Goldman Sachs & Co. LLC | $55.6M | 7.21% |
| BofA Securities, Inc. | $46.5M | 6.03% |
| Barclays Capital Inc. | $27.4M | 3.55% |
| Stifel, Nicolaus & Company, Incorporated | $27.0M | 3.50% |
| RBC Capital Markets, LLC | $26.2M | 3.40% |
Lord Abbett California Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LCFOX | Class F3 | 0.57% | none |
| CAILX | Class I | 0.60% | none |
| LCFFX | Class F | 0.70% | none |
| LCFIX | Class A | 0.80% | 2.25% |
| CALAX | Class C | 1.44% | none |
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.