Lord Abbett Short Duration Tax Free Fund Class I (LISDX)
| Fund Assets | 1.35B |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.46 |
| Dividend Yield | 3.05% |
| Dividend Growth | 14.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 31, 2025 |
| Previous Close | 15.08 |
| YTD Return | n/a |
| 1-Year Return | 3.13% |
| 5-Year Return | 3.65% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 277 |
| Inception Date | Dec 31, 2008 |
About LISDX
The Fund's investment strategy focuses on Short Muni Debt with 0.45% total expense ratio. The minimum amount to invest in Lord Abbett Municipal Income Fund, Inc: Lord Abbett Short Duration Tax-Free Fund; Class I Shares is $1,000,000 on a standard taxable account. Lord Abbett Municipal Income Fund, Inc: Lord Abbett Short Duration Tax-Free Fund; Class I Shares seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. To pursue its goal, under normal market conditions the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds.
Performance
LISDX had a total return of 3.13% in the past year. Since the fund's inception, the average annual return has been 1.65%, including dividends.
Top 10 Holdings
17.09% of assets| Name | Symbol | Weight |
|---|---|---|
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP MED FACS REV 3.39% | n/a | 2.61% |
| HEALTH CARE AUTH FOR BAPTIST HEALTH ALA 4.28% | AL HLTMED 11.01.2042 | 1.90% |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV 4.71% | n/a | 1.74% |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 0.88% | n/a | 1.73% |
| VIRGINIA ST HSG DEV AUTH COMWLTH MTG 3.63% | VA VASHSG 07.01.2055 | 1.70% |
| FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV 5% | FL FLIGEN 5 09.01.2025 | 1.68% |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 3.5% | TX PPATRN 04.01.2040 | 1.56% |
| PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 3.66% | n/a | 1.43% |
| LOWER COLO RIV AUTH TEX REV 5% | n/a | 1.37% |
| CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 6.75% | NE CENPWR 05.01.2053 | 1.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 31, 2025 | $0.03639 | Jan 31, 2025 |
| Dec 31, 2024 | $0.03887 | Dec 31, 2024 |
| Nov 29, 2024 | $0.03917 | Nov 29, 2024 |
| Oct 31, 2024 | $0.03888 | Oct 31, 2024 |
| Sep 30, 2024 | $0.03899 | Sep 30, 2024 |
| Aug 30, 2024 | $0.03908 | Aug 30, 2024 |