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.
Fund Family Lord Abbett
Category Muni National Long
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol LTNIX
Share Class Class I
Index Bloomberg Municipal Bond TR
LTNIX had a total return of -0.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.39%.
