Performance
Trailing returns
| 1 day | +0.00% | ||||
| 1 week | +0.02% |
| |||
| 4 week |
| -0.02% | |||
| 3 month | +0.31% |
| |||
| YTD | +0.72% |
| |||
| 1 year | +1.52% |
| |||
| 3 years* | +2.43% |
| |||
| 5 years* | - | ||||
| *annualized | |||||
| Best 3 month return | +2.33% | |
| Worst 3 month return | -0.68% |
Morningstar statistics
Morningstar category: Muni National Short
| Return | Risk | Rating | |
| 3 years | Average | Average |
 
|
| 5 years | - | - | - |
| 10 years | - | - | - |
| Overall | Average | Average |
|
Key statistics
| Total assets | 2.64B | |
| Front load | 2.25% | |
| Deferred load | - | |
| Expense ratio | 0.63% | |
| Management fee | - | |
| Fund family | Lord Abbett |
Asset allocation
| Cash | 9.57% | |
| Stocks | 0.00% | |
| Bonds | 89.87% | |
| Other | 0.56% |
Purchase information
| Initial | US$1,000 | |
| IRA Initial | US$0 | |
| AIP Initial | US$250 | |
| AIP Additional | US$50 |
15.930.00(0.00%)
May 24, 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: 1 Year (1-2) 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 managers:
Daniel Vande Velde (Started: Dec 31, 2008)
Daniel Solender (Started: Dec 31, 2008)
Daniel Vande Velde (Started: Dec 31, 2008)
Daniel Solender (Started: Dec 31, 2008)
90 Hudson Street
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 0.51 | 1.00 | - | - | |
| Beta* | 0.24 | 0.24 | - | - | |
| Mean annual return | 0.15 | 0.21 | - | - | |
| R-squared* | 81.92 | 77.77 | - | - | |
| Standard deviation | 0.74 | 1.04 | - | - | |
| Sharpe ratio | 2.29 | 2.37 | - | - | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| Oklahoma Dev Fin Auth | 1.40% | |
| New Hampshire Health & Ed Facs Var Rev B | 1.26% | |
| New York N Y Go Bds | 1.22% | |
| Orlando & Orange Cnty Expwy Au Var Rate | 1.20% | |
| Colorado Health Facs Auth | 1.12% | |
| New York N Y Go Bds 0.08% | 1.02% | |
| New York N Y Var Go Bd | 1.02% | |
| Univ N C Chapel Hill Rev Var Rev B | 0.95% | |
| Puttable Fltg Opt Tax Exempt R Ctfs | 0.95% | |
| Houston Tex Util Sys Rev First Lie | 0.88% |