Performance
Trailing returns
| 1 day | +0.01% |
| |||
| 1 week |
| -0.98% | |||
| 4 week |
| -2.98% | |||
| 3 month |
| -1.35% | |||
| YTD |
| -1.14% | |||
| 1 year | +4.87% |
| |||
| 3 years* | +7.38% |
| |||
| 5 years* | +6.39% |
| |||
| *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 | High | Above Average |
|
| 5 years | High | Above Average |
|
| 10 years | Above Average | High |
|
| Overall | High | Above Average |
|
Key statistics
| Total assets | 2.16B | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 0.63% | |
| Management fee | - | |
| Fund family | Lord Abbett |
Asset allocation
| Cash | 1.02% | |
| Stocks | 0.00% | |
| Bonds | 98.67% | |
| Other | 0.31% |
Purchase information
| Initial | US$0 |
11.26-0.02(-0.18%)
Jun 18, 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. For purposes of its investment objective, the fund uses the volatility of the Barclays Municipal Bond Index as an approximation of reasonable risk. To pursue its objective, under normal market conditions, it invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax. Under normal market conditions, the fund invests primarily in investment grade municipal bonds. Investment grade municipal bonds are rated BBB/Baa or higher.
Fund filings (PDF) »
Fund filings (PDF) »
Asset manager:
Daniel Solender (Started: Jul 10, 2006)
Daniel Solender (Started: Jul 10, 2006)
90 Hudson Street
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 2.52 | 0.66 | -1.23 | -1.08 | |
| Beta* | 1.30 | 1.28 | 1.42 | 1.30 | |
| Mean annual return | 0.54 | 0.63 | 0.56 | 0.37 | |
| R-squared* | 97.69 | 87.60 | 79.96 | 83.43 | |
| Standard deviation | 4.26 | 5.33 | 7.60 | 6.42 | |
| Sharpe ratio | 1.50 | 1.41 | 0.85 | 0.43 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| New York N Y Go Bds 5% | 1.46% | |
| Tobacco Settlement Fing Corp N Ass 4.75% | 1.05% | |
| California St Various P 5% | 1.03% | |
| San Buenaventura Calif Rev Rev Bds 7.5% | 0.95% | |
| Arizona Sports & Tourism Auth 5% | 0.93% | |
| Port Auth 5% | 0.89% | |
| California St Var Purp 5.25% | 0.83% | |
| Texas Mun Gas Acquisition & Su Sr 6.25% | 0.81% | |
| San Francisco Calif City & Cnt Airpor 5% | 0.79% | |
| Cook Cnty Ill Go Ref Bd 5% | 0.78% |