Lord Abbett Intermediate Tax Free Fund Class I (LAIIX)
| Fund Assets | 4.16B |
| Expense Ratio | 0.51% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.55% |
| Dividend Growth | 9.96% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 30, 2025 |
| Previous Close | 10.01 |
| YTD Return | -1.09% |
| 1-Year Return | 2.17% |
| 5-Year Return | 4.72% |
| 52-Week Low | 9.85 |
| 52-Week High | 10.41 |
| Beta (5Y) | n/a |
| Holdings | 887 |
| Inception Date | Jan 31, 2011 |
About LAIIX
The Fund's investment strategy focuses on Intmdt Muni Debt with 0.5% total expense ratio. The minimum amount to invest in Lord Abbett Municipal Income Fund, Inc: Lord Abbett Intermediate Tax Free Fund; Class I Shares is $1,000,000 on a standard taxable account. Lord Abbett Municipal Income Fund, Inc: Lord Abbett Intermediate Tax Free Fund; Class I Shares seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. Under normal market conditions, the Fund invests at least 80% of its net assets in investment grade municipal bonds, the interest on which is exempt from federal income tax.
Performance
LAIIX had a total return of 2.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.72%.
Top 10 Holdings
7.32% of assets| Name | Symbol | Weight |
|---|---|---|
| MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE - Main Street Natural Gas Inc | n/a | 1.24% |
| WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE - Wisconsin Health & Educational Facilities Authority | n/a | 0.80% |
| City of Chicago IL | IL.CHI 5 01.01.2042 | 0.71% |
| SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE - Southeast Energy Authority A Cooperative District | n/a | 0.68% |
| KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE - Kentucky Public Energy Authority | n/a | 0.68% |
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE - New York Transportation Development Corp | NY.NYTTRN 6 04.01.2035 | 0.66% |
| DELAWARE ST ECON DEV AUTH REVENUE - Delaware State Economic Development Authority | DE.DESDEV 10.01.2045 | 0.64% |
| BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE - Black Belt Energy Gas District | n/a | 0.64% |
| HOUSTON TX ARPT SYS REVENUE - City of Houston TX Airport System Revenue | TX.HOUAPT 5.5 07.15.2035 | 0.64% |
| LOWER AL GAS DIST GAS PROJ REVENUE - Lower Alabama Gas District/The | AL.LWRUTL 12.01.2050 | 0.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 30, 2025 | $0.02988 | May 30, 2025 |
| Apr 30, 2025 | $0.03065 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02979 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02988 | Feb 28, 2025 |
| Jan 31, 2025 | $0.03195 | Jan 31, 2025 |
| Dec 31, 2024 | $0.0295 | Dec 31, 2024 |