About LISAX
Lord Abbett Intermediate Tax Free Fund Class A is a U.S.-based municipal bond mutual fund focused on providing investors with a high level of interest income that is exempt from federal income tax. The fund primarily invests at least 80% of its net assets in investment grade municipal bonds, which are debt securities issued by state and local governments and their agencies. Its portfolio spans a wide range of sectors, including healthcare, transportation, housing, education, and utilities, reflecting broad exposure to publicly funded infrastructure and community projects. With an average effective maturity of approximately 10.8 years and a monthly dividend payout schedule, this fund targets intermediate-term investors seeking tax-efficient income while maintaining a balance between yield and credit risk. The fund is actively managed, allowing for adjustments based on prevailing economic and market conditions, and aims to align risk levels with the volatility of key municipal bond benchmarks. As of the latest data, it holds close to 900 securities, supports a minimum investment threshold, and maintains a competitive expense ratio within its category.
Fund Family Lord Abbett
Category Muni National Interm
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol LISAX
Index Bloomberg 1-15 Y Municipal Blend TR
LISAX had a total return of 5.99% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.30%.
