Lord Abbett National Tax-Free Income Fund Class F

 (MUTF:LANFX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.16%  
1 week
   
-0.28%  
4 week
   
-0.20%  
3 month
   
-0.72%  
YTD   +1.12%
   
1 year   +7.47%
   
3 years*   +4.66%
   
5 years*   +5.99%
   
*annualized
Best 3 month return+11.06%  
Worst 3 month return-13.24%  

Morningstar statistics

Morningstar category: Muni National Long
  Return Risk Rating
3 years Above Average Above Average
5 years High Above Average
10 years Above Average Above Average
Overall High Above Average

Key statistics

Total assets1.83B 
Front load-  
Deferred load-  
Expense ratio0.64%  
Management fee-  
Fund familyLord Abbett 

Asset allocation

Cash1.39%  
Stocks0.00%  
Bonds98.45%  
Other0.16%  

Purchase information

Initial$0  
11.32-0.01(-0.09%)
May 1, 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. Under normal conditions, it 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. Under normal conditions, the fund invests primarily in investment grade municipal bonds. It seeks to maintain a dollar-weighted average maturity of between ten and twenty-five years.
Fund filings (PDF) »
Asset manager:
Daniel Solender (Started: Sep 14, 2006)
Advisor Company:
Lord, Abbett & Co LLC
Fund family reports on Morningstar »
Lord Abbett, 90 Hudson Street, Jersey City NJ 7302, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* 0.95 -0.49 -0.58 -1.31
Beta* 1.23 1.45 1.37 1.35
Mean annual return 0.74 0.44 0.53 0.39
R-squared* 96.32 95.91 91.09 83.58
Standard deviation 3.24 5.42 5.56 6.50
Sharpe ratio 2.72 0.97 1.13 0.50
* Against standard index

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