Lord Abbett Intermediate Tax Free I (LAIIX)
| Fund Assets | 5.03B |
| Expense Ratio | 0.51% |
| Min. Investment | $1,000,000 |
| Turnover | 49.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.54% |
| Dividend Growth | 8.30% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 10.26 |
| YTD Return | 1.29% |
| 1-Year Return | 0.48% |
| 5-Year Return | 4.04% |
| 52-Week Low | 9.85 |
| 52-Week High | 10.41 |
| Beta (5Y) | n/a |
| Holdings | 909 |
| Inception Date | Jan 31, 2011 |
About LAIIX
Lord Abbett Intermediate Tax Free Fund Class I is a fixed income mutual fund designed to provide investors with a high level of income that is exempt from federal income tax. The fund primarily focuses on investing at least 80% of its assets in investment-grade municipal bonds issued by state and local governments or agencies in the United States, the interest from which is federally tax-free. Notable features include a relatively low expense ratio for its category and a portfolio comprising hundreds of holdings, providing broad diversification across the municipal bond sector. With an effective duration of around 5–5.7 years, the fund targets intermediate maturities—balancing income generation with interest rate risk. Typically utilized by institutional and high-net-worth investors due to its $1 million minimum initial investment, it serves as a core tax-advantaged fixed income allocation within diversified portfolios. The fund’s monthly distributions and federally tax-exempt status make it particularly significant for investors seeking tax-efficient income solutions within the broader municipal bond market.
Performance
LAIIX had a total return of 0.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.83%.
Top 10 Holdings
6.83% of assets| Name | Symbol | Weight |
|---|---|---|
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA.MAIUTL 08.01.2052 | 1.01% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL.SEEPWR 5 11.01.2035 | 0.68% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25% | KY.KYSPWR 06.01.2055 | 0.68% |
| CHICAGO ILL 5% | IL.CHI 5 01.01.2042 | 0.67% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 6% | NY.NYTTRN 6 04.01.2035 | 0.65% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA GAS SUPPLY REV 5.25% | AL.SEEPWR 11.01.2055 | 0.65% |
| DELAWARE ST ECONOMIC DEV AUTH REV 1.25% | DE.DESDEV 10.01.2045 | 0.64% |
| HOUSTON TEX ARPT SYS REV 5.5% | TX.HOUAPT 5.5 07.15.2035 | 0.64% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA.MAIUTL 09.01.2052 | 0.61% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.63% | NY.NYTTRN 5.62 04.01.2040 | 0.60% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.03123 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03102 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03086 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03053 | Jun 30, 2025 |
| May 30, 2025 | $0.02988 | May 30, 2025 |
| Apr 30, 2025 | $0.03065 | Apr 30, 2025 |