Lord Abbett Intermediate Tax Free P
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
0.2%
3 Yr Avg Return
2.7%
5 Yr Avg Return
2.6%
Net Assets
$4.38 B
Holdings in Top 10
5.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 8.25%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
LISPX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 2.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.40%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLord Abbett Intermediate Tax Free Fund
-
Fund Family NameLord Abbett
-
Inception DateJun 30, 2003
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
Fund Description
Under normal conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax. The Fund uses the volatility of the Bloomberg 1-15 Year Municipal Bond Index as an approximation of reasonable risk.
Under normal conditions, the Fund invests in investment grade municipal bonds, which are bonds that are rated BBB/Baa or higher (at the time of purchase) by an independent rating agency or are unrated but deemed by Lord, Abbett & Co. LLC (“Lord Abbett”) to be of comparable quality. The Fund may invest up to 20% of its net assets in lower rated municipal bonds (commonly referred to as “below investment grade,” “high yield,” or “junk” bonds), which are bonds that are rated BB+/Ba1 or lower (at the time of purchase) by an independent rating agency or are unrated but deemed by Lord Abbett to be of comparable quality.
The Fund may invest in all types of municipal bonds, including general obligation bonds, revenue bonds, municipal leases, and variable rate demand notes. The Fund may invest in both insured and uninsured municipal bonds. The Fund also may invest in zero coupon, deferred interest, pay-in-kind, and capital appreciation bonds.
The Fund may invest up to 20% of its net assets in municipal bonds that pay interest that is subject to the federal alternative minimum tax (‘‘AMT’’), including private activity bonds (commonly referred to as ‘‘AMT paper’’). Although the Fund is permitted to invest up to 20% of its net assets in fixed income securities that pay interest that is subject to regular federal income tax, the Fund presently has no intention of investing in this manner. There is a risk that a bond issued as tax-exempt may be reclassified by the Internal Revenue Service (‘‘IRS’’) as taxable. The Fund will not invest more than 25% of its total assets in any industry; however, this limitation does not apply to tax-exempt securities and securities issued by the U.S. Government or its agencies or instrumentalities. Certain types of municipal securities (including general obligation, general appropriation, municipal leases, special assessment, and special tax bonds) are not considered a part of any ‘‘industry’’ for purposes of this industry concentration policy. Therefore, the Fund may invest more than 25% of its total assets in these types of municipal securities. The Fund may invest without limitation in securities of issuers located in a single state, territory, municipality, or region.
The Fund may invest up to 20% of its net assets in inverse floaters (also known as ‘‘residual interest bonds’’), which are a type of derivative investment that provides leveraged exposure to underlying municipal bonds whose interest payments vary inversely with changes in short-term tax-exempt interest rates. The Fund also may invest in other types of derivatives, such as futures, for non-hedging, hedging, or duration management purposes.
The Fund may invest in individual securities of any maturity or duration. Normally, the Fund seeks to maintain a dollar-weighted average maturity of between five and twelve years. The Fund may invest in money market securities and their equivalents, typically for cash management purposes.
The Fund’s portfolio management team focuses on credit risk analysis, tax-exempt income yield, total return potential, interest rate risk, and call protection in managing its portfolio. The investment team may also consider the risks and return potential presented by environmental, social, and governance (ESG) factors in investment decisions. The Fund may sell a security when the Fund believes the security is less likely to benefit from the current market and economic environment or shows signs of deteriorating fundamentals, among other reasons.
The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.
LISPX - Performance
Return Ranking - Trailing
Period | LISPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.0% | 5.8% | N/A |
1 Yr | 0.2% | -2.6% | 5.6% | N/A |
3 Yr | 2.7%* | -3.2% | 1.4% | N/A |
5 Yr | 2.6%* | -1.8% | 2.3% | N/A |
10 Yr | 4.4%* | -8.7% | 2.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | LISPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -4.8% | 0.8% | N/A |
2022 | N/A | -0.9% | 5.6% | N/A |
2021 | N/A | -6.1% | 7.3% | N/A |
2020 | N/A | -10.9% | 2.6% | N/A |
2019 | N/A | -60.4% | 12.0% | N/A |
Total Return Ranking - Trailing
Period | LISPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.0% | 6.0% | N/A |
1 Yr | 0.2% | -2.5% | 7.0% | N/A |
3 Yr | 2.7%* | -3.2% | 3.2% | N/A |
5 Yr | 2.6%* | -1.8% | 3.7% | N/A |
10 Yr | 4.4%* | -8.7% | 4.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | LISPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -4.8% | 1.7% | N/A |
2022 | N/A | -0.9% | 6.2% | N/A |
2021 | N/A | -6.1% | 7.3% | N/A |
2020 | N/A | -9.6% | 3.9% | N/A |
2019 | N/A | -60.4% | 12.0% | N/A |
LISPX - Holdings
Concentration Analysis
LISPX | Category Low | Category High | LISPX % Rank | |
---|---|---|---|---|
Net Assets | 4.38 B | 762 K | 68.3 B | N/A |
Number of Holdings | 865 | 3 | 8426 | N/A |
Net Assets in Top 10 | 231 M | -4.59 M | 2.02 B | N/A |
Weighting of Top 10 | 5.33% | 2.5% | 100.0% | N/A |
Top 10 Holdings
- Texas Mun Gas Acquisition & Su Sr 6.25% 0.75%
- Texas Mun Gas Acquisition & Su Rev Bd 5% 0.61%
- Buckeye Ohio Tob Settlement Fi To 5.875% 0.55%
- Mta Hudson Rail Yards Tr Obl Obligs R 5% 0.55%
- California St Pub Wks Brd Leas Lease 5% 0.54%
- California St Go Bds 5% 0.54%
- Buckeye Ohio Tob Settlement Fi To 5.125% 0.47%
- Dallas Tex Indpt Sch Dist 5% 0.46%
- Chicago Ill Go Bds 6% 0.44%
- Dallas Tex Wtrwks & Swr Sys Re Ref 0.01% 0.42%
Asset Allocation
Weighting | Return Low | Return High | LISPX % Rank | |
---|---|---|---|---|
Bonds | 100.00% | 17.56% | 101.83% | N/A |
Stocks | 0.00% | 0.00% | 0.39% | N/A |
Preferred Stocks | 0.00% | 0.00% | 8.94% | N/A |
Other | 0.00% | -1.53% | 30.00% | N/A |
Convertible Bonds | 0.00% | 0.00% | 2.66% | N/A |
Cash | 0.00% | -1.83% | 82.44% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | LISPX % Rank | |
---|---|---|---|---|
Municipal | 99.10% | 0.00% | 104.99% | N/A |
Government | 0.90% | -6.32% | 93.35% | N/A |
Derivative | 0.00% | 0.00% | 0.08% | N/A |
Cash & Equivalents | 0.00% | -2.41% | 82.44% | N/A |
Securitized | 0.00% | 0.00% | 23.62% | N/A |
Corporate | 0.00% | 0.00% | 39.71% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | LISPX % Rank | |
---|---|---|---|---|
US | 100.00% | 17.56% | 101.37% | N/A |
Non US | 0.00% | 0.00% | 23.82% | N/A |
LISPX - Expenses
Operational Fees
LISPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.95% | 0.09% | 4.80% | N/A |
Management Fee | 0.39% | 0.00% | 0.65% | N/A |
12b-1 Fee | 0.45% | 0.00% | 1.00% | N/A |
Administrative Fee | 0.04% | 0.01% | 0.34% | N/A |
Sales Fees
LISPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 5.50% | N/A |
Trading Fees
LISPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
LISPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 8.25% | 0.00% | 739.25% | N/A |
LISPX - Distributions
Dividend Yield Analysis
LISPX | Category Low | Category High | LISPX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.53% | N/A |
Dividend Distribution Analysis
LISPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
LISPX | Category Low | Category High | LISPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.40% | 0.01% | 4.95% | N/A |
Capital Gain Distribution Analysis
LISPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 29, 2017 | $0.018 | |
Aug 31, 2017 | $0.018 | |
Jul 31, 2017 | $0.018 | |
Jun 30, 2017 | $0.019 | |
May 31, 2017 | $0.020 | |
Apr 28, 2017 | $0.021 | |
Mar 31, 2017 | $0.020 | |
Feb 28, 2017 | $0.022 | |
Jan 31, 2017 | $0.021 | |
Dec 30, 2016 | $0.019 | |
Nov 30, 2016 | $0.020 | |
Oct 31, 2016 | $0.019 | |
Sep 30, 2016 | $0.019 | |
Aug 31, 2016 | $0.019 | |
Jul 29, 2016 | $0.021 | |
Jun 30, 2016 | $0.021 | |
May 31, 2016 | $0.021 | |
Apr 29, 2016 | $0.022 | |
Mar 31, 2016 | $0.021 | |
Feb 29, 2016 | $0.023 | |
Jan 29, 2016 | $0.023 | |
Dec 31, 2015 | $0.022 | |
Nov 30, 2015 | $0.023 | |
Oct 30, 2015 | $0.022 | |
Sep 30, 2015 | $0.023 | |
Aug 31, 2015 | $0.023 | |
Jul 31, 2015 | $0.023 | |
Jun 30, 2015 | $0.023 | |
May 29, 2015 | $0.023 | |
Apr 30, 2015 | $0.023 | |
Mar 31, 2015 | $0.022 | |
Feb 27, 2015 | $0.024 | |
Jan 30, 2015 | $0.023 | |
Dec 31, 2014 | $0.023 | |
Nov 28, 2014 | $0.024 | |
Oct 31, 2014 | $0.023 | |
Sep 30, 2014 | $0.024 | |
Aug 29, 2014 | $0.024 | |
Jul 31, 2014 | $0.024 | |
Jun 30, 2014 | $0.025 | |
May 30, 2014 | $0.024 | |
Apr 30, 2014 | $0.025 | |
Mar 31, 2014 | $0.024 | |
Feb 28, 2014 | $0.026 | |
Jan 31, 2014 | $0.024 | |
Dec 31, 2013 | $0.024 | |
Nov 29, 2013 | $0.024 | |
Oct 31, 2013 | $0.023 | |
Sep 30, 2013 | $0.023 | |
Aug 30, 2013 | $0.022 | |
Jul 31, 2013 | $0.022 | |
Jun 28, 2013 | $0.021 | |
May 31, 2013 | $0.021 | |
Apr 30, 2013 | $0.021 | |
Mar 28, 2013 | $0.021 | |
Feb 28, 2013 | $0.023 | |
Jan 31, 2013 | $0.021 | |
Dec 31, 2012 | $0.022 | |
Nov 30, 2012 | $0.023 | |
Oct 31, 2012 | $0.023 | |
Sep 28, 2012 | $0.024 | |
Aug 31, 2012 | $0.023 | |
Jul 31, 2012 | $0.023 | |
Jun 29, 2012 | $0.024 | |
May 31, 2012 | $0.025 | |
Apr 30, 2012 | $0.026 | |
Mar 30, 2012 | $0.025 | |
Feb 29, 2012 | $0.026 | |
Jan 31, 2012 | $0.026 | |
Dec 30, 2011 | $0.027 | |
Nov 30, 2011 | $0.029 | |
Oct 31, 2011 | $0.029 | |
Sep 30, 2011 | $0.029 | |
Aug 31, 2011 | $0.029 | |
Jul 29, 2011 | $0.030 | |
Jun 30, 2011 | $0.030 | |
May 31, 2011 | $0.031 | |
Apr 29, 2011 | $0.031 | |
Mar 31, 2011 | $0.030 | |
Feb 28, 2011 | $0.032 | |
Jan 31, 2011 | $0.031 | |
Dec 31, 2010 | $0.031 | |
Nov 30, 2010 | $0.030 | |
Oct 29, 2010 | $0.029 | |
Sep 30, 2010 | $0.029 | |
Aug 31, 2010 | $0.030 | |
Jul 30, 2010 | $0.031 | |
Jun 30, 2010 | $0.031 | |
May 28, 2010 | $0.030 | |
Apr 30, 2010 | $0.031 | |
Mar 31, 2010 | $0.030 | |
Feb 26, 2010 | $0.031 | |
Jan 29, 2010 | $0.030 | |
Dec 31, 2009 | $0.029 | |
Nov 30, 2009 | $0.029 | |
Oct 31, 2009 | $0.029 | |
Sep 30, 2009 | $0.030 | |
Aug 31, 2009 | $0.030 | |
Jul 31, 2009 | $0.030 | |
Jun 30, 2009 | $0.030 | |
May 29, 2009 | $0.029 | |
Apr 30, 2009 | $0.029 | |
Mar 31, 2009 | $0.029 | |
Feb 27, 2009 | $0.030 | |
Jan 30, 2009 | $0.032 | |
Dec 31, 2008 | $0.031 | |
Nov 28, 2008 | $0.032 | |
Oct 31, 2008 | $0.032 | |
Sep 30, 2008 | $0.032 | |
Aug 29, 2008 | $0.028 | |
Aug 04, 2008 | $0.033 | |
Jul 02, 2008 | $0.029 | |
Jun 04, 2008 | $0.030 | |
May 05, 2008 | $0.033 | |
Apr 03, 2008 | $0.028 | |
Mar 05, 2008 | $0.032 | |
Feb 04, 2008 | $0.032 | |
Jan 03, 2008 | $0.026 | |
Dec 04, 2007 | $0.028 | |
Nov 05, 2007 | $0.031 | |
Oct 04, 2007 | $0.033 | |
Sep 04, 2007 | $0.026 | |
Aug 06, 2007 | $0.030 | |
Jul 05, 2007 | $0.028 | |
Jun 05, 2007 | $0.027 | |
May 03, 2007 | $0.026 | |
Apr 04, 2007 | $0.027 | |
Mar 05, 2007 | $0.028 | |
Feb 05, 2007 | $0.029 | |
Jan 04, 2007 | $0.028 | |
Dec 04, 2006 | $0.030 | |
Nov 02, 2006 | $0.027 | |
Oct 05, 2006 | $0.028 | |
Sep 05, 2006 | $0.030 | |
Aug 03, 2006 | $0.026 | |
Jul 05, 2006 | $0.027 | |
Jun 05, 2006 | $0.027 | |
May 04, 2006 | $0.024 | |
Apr 03, 2006 | $0.026 | |
Mar 02, 2006 | $0.026 | |
Feb 02, 2006 | $0.037 | |
Jan 04, 2006 | $0.024 | |
Nov 30, 2005 | $0.025 | |
Oct 31, 2005 | $0.023 | |
Sep 30, 2005 | $0.021 | |
Aug 31, 2005 | $0.021 | |
Jul 29, 2005 | $0.022 | |
Jun 30, 2005 | $0.020 | |
May 31, 2005 | $0.021 | |
Apr 29, 2005 | $0.022 | |
Mar 31, 2005 | $0.022 | |
Feb 28, 2005 | $0.023 | |
Jan 31, 2005 | $0.023 | |
Dec 31, 2004 | $0.022 | |
Nov 30, 2004 | $0.025 | |
Oct 29, 2004 | $0.022 | |
Sep 30, 2004 | $0.021 | |
Aug 31, 2004 | $0.021 | |
Jul 30, 2004 | $0.022 |