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 | 3.58% |
| Dividend Growth | 8.89% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.10 |
| YTD Return | 0.30% |
| 1-Year Return | 0.65% |
| 5-Year Return | 2.77% |
| 52-Week Low | 9.85 |
| 52-Week High | 10.41 |
| Beta (5Y) | n/a |
| Holdings | 899 |
| 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 0.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.77%.
Top 10 Holdings
6.71% of assets| Name | Symbol | Weight |
|---|---|---|
| UNIV OF CALIFORNIA REVENUES - University of California | CA.UNVHGR 05.15.2048 | 0.82% |
| Southeast Energy Authority A Cooperative District | AL.SEEPWR 5 11.01.2035 | 0.69% |
| KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE - Kentucky Public Energy Authority | KY.KYSPWR 06.01.2055 | 0.68% |
| City of Chicago IL | 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% |
| SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE - Southeast Energy Authority A Cooperative District | AL.SEEPWR 11.01.2055 | 0.65% |
| 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 | AL.BBEUTL 10.01.2052 | 0.64% |
| HOUSTON TX ARPT SYS REVENUE - City of Houston TX Airport System Revenue | TX.HOUAPT 5.5 07.15.2035 | 0.63% |
| MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE - Main Street Natural Gas Inc | GA.MAIUTL 08.01.2052 | 0.61% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 31, 2025 | $0.02979 | Mar 31, 2025 |