Lord Abbett National Tax Free Fund (LTNIX)
| Fund Assets | 4.52B |
| Expense Ratio | 0.58% |
| Min. Investment | $1,000,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 4.03% |
| Dividend Growth | 5.09% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.19 |
| YTD Return | -1.23% |
| 1-Year Return | -1.26% |
| 5-Year Return | -0.03% |
| 52-Week Low | 9.86 |
| 52-Week High | 10.73 |
| Beta (5Y) | n/a |
| Holdings | 695 |
| Inception Date | Jul 26, 2010 |
About LTNIX
Lord Abbett National Tax Free Fund Class I is an institutional mutual fund focused on delivering a high level of federally tax-exempt income by investing primarily in investment-grade municipal bonds. The fund’s strategy aims to provide income exempt from federal income tax, making it attractive to investors seeking tax-advantaged income solutions. Its diverse portfolio encompasses various types of municipal bonds, including general obligation, revenue, municipal leases, and variable rate demand notes, with holdings spanning numerous sectors such as healthcare, transportation, education, and utilities. The fund usually maintains a dollar-weighted average maturity between twelve and twenty-five years, reflecting a focus on longer-term income generation and interest rate sensitivity. Notably, up to 20% of assets may be allocated to municipal bonds subject to the federal alternative minimum tax. With a relatively low net expense ratio and a monthly dividend distribution schedule, this fund is primarily tailored for institutional investors, requiring a high minimum initial investment. Its diversified approach and active management underscore its role as a significant tool for managing tax-efficient fixed income exposure in investor portfolios and the broader municipal bond market.
Performance
LTNIX had a total return of -1.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.37%.
Top 10 Holdings
8.21% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE - New York Transportation Development Corp | NY.NYTTRN 5.5 12.31.2060 | 1.71% |
| BUCKEYE OH TOBACCO SETTLEMENT FING AUTH - Buckeye Tobacco Settlement Financing Authority | OH.BUCGEN 5 06.01.2055 | 1.09% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE - California Community Choice Financing Authority | CA.CCEDEV 01.01.2054 | 0.97% |
| PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV - Pennsylvania Economic Development Financing Authority | PA.PASDEV 6 06.30.2061 | 0.77% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE - California Community Choice Financing Authority | CA.CCEDEV 01.01.2055 | 0.66% |
| IOWA ST FIN AUTH MIDWSTRN DISASTER AREA REVENUE - Iowa Finance Authority | IA.IASGEN 5 12.01.2050 | 0.63% |
| KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE - Kentucky Public Energy Authority | KY.KYSPWR 04.01.2054 | 0.62% |
| IOWA ST FIN AUTH MIDWSTRN DISASTER AREA REVENUE - Iowa Finance Authority | IA.IASGEN 12.01.2050 | 0.60% |
| NEW YORK NY CITY TRANSITIONAL FIN AUTH REV - New York City Transitional Finance Authority | NY.NYCGEN 5.25 05.01.2051 | 0.59% |
| TRIBOROUGH NY BRIDGE & TUNNEL AUTH REAL ESTATE TRANSFER TAX - Triborough Bridge & Tunnel Authority | NY.TRBGEN 5.5 12.01.2059 | 0.58% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03522 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03488 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03437 | Jun 30, 2025 |
| May 30, 2025 | $0.03392 | May 30, 2025 |
| Apr 30, 2025 | $0.03453 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03371 | Mar 31, 2025 |