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LTNSX Lord Abbett Natl Tax-Free Income C

  • Fund
  • LTNSX
  • Price as of: Mar 22, 2017
  • $11.10
  • + $0.02
  • + 0.18%
  • Category
  • National Munis

LTNSX - Profile

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $1.96 B
  • Holdings in Top 10 7.6%

52 WEEK LOW AND HIGH

$11.10
$10.93
$11.84

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.39%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 15.77%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.90%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Lord Abbett National Tax-Free Fund
  • Fund Family Name Lord Abbett
  • Inception Date Jul 15, 1996
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Daniel S. Solender

Fund Description

In pursuing its investment objective, the fund uses the volatility of the Barclays Municipal Bond Index as an approximation of reasonable risk. It invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax.

LTNSX - Performance

Return Ranking - Trailing

Period LTNSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.7% -3.4% 99.4% 9.39% 1
1 Yr -0.3% -5.8% 16.4% 53.97% 3
3 Yr 3.8% * -4.5% 7.0% 17.87% 1
5 Yr 3.2% * -0.6% 5.8% 21.08% 2
10 Yr 3.4% * -0.5% 5.1% 49.68% 3

* Annualized


Return Ranking - Calendar

Period LTNSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -3.1% -8.5% 7.3% 47.30% 4
2015 -0.4% -10.9% 7.2% 34.02% 3
2014 8.7% -7.7% 12.0% 3.84% 1
2013 -9.7% -11.9% 5.4% 70.29% 5
2012 9.1% -7.1% 10.2% 1.22% 1

Total Return Ranking - Trailing

Period LTNSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.7% -3.0% 99.4% 9.39% 1
1 Yr -1.2% -8.9% 16.4% 56.24% 3
3 Yr 3.8% * -5.4% 7.0% 13.06% 1
5 Yr 3.2% * -1.4% 5.8% 16.23% 1
10 Yr 3.4% * -0.5% 5.1% 45.40% 3

* Annualized


Total Return Ranking - Calendar

Period LTNSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -3.1% -8.2% 7.3% 51.01% 4
2015 -0.4% -9.7% 6.9% 48.03% 4
2014 8.7% -7.7% 17.0% 6.11% 1
2013 -9.7% -11.9% 5.1% 72.00% 5
2012 9.1% -0.6% 17.8% 2.24% 1

NAV & Total Return History

LTNSX - Holdings

Filings data as of: Jan 31, 2017

Concentration Analysis

LTNSX Category Low Category High LTNSX % Rank Quintile
Net Assets 1.96 B 491 K 51.1 B 10.14% 2
Number of Holdings 514 1 6244 10.48% 2
Net Assets in Top 10 149 M -157 M 1.04 B 13.71% 2
Weighting of Top 10 7.6% 0.0% 100.0% 30.32% 5

Top 10 Holdings

  1. Chicago Ill Go Bds 6% 0.91%
  2. Massachusetts St Dev Fin Agy R Rev Bd 5% 0.87%
  3. San Joaquin Cnty Calif Transn Sales 5.5% 0.81%
  4. South Carolina St Pub Svcs Aut Rev 5.25% 0.81%
  5. New York Transn Dev Corp Spl F Spl 5.25% 0.77%
  6. California St Go Bds 6.5% 0.76%
  7. Mission Tex Econ Dev Corp Rev Bds 1.5% 0.70%
  8. New York N Y Go Bds 5% 0.69%
  9. Maine Health & Higher Edl Facs Rev 7.5% 0.65%
  10. Maryland St Health & Higher Ed Rev 6.25% 0.65%

Asset Allocation

Weighting Category Low Category High LTNSX % Rank Quintile
Bonds
99.61% 0.00% 202.21% 5.31% 2
Cash
0.39% -110.85% 100.00% 25.00% 4
Stocks
0.00% 0.00% 1.34% 1.29% 3
Preferred Stocks
0.00% 0.00% 12.08% 1.45% 3
Other
0.00% -2.77% 14.74% 6.61% 4
Convertible Bonds
0.00% 0.00% 1.56% 0.81% 3

Bond Sector Breakdown

Weighting Category Low Category High LTNSX % Rank Quintile
Municipal
99.61% 0.00% 123.82% 4.35% 1
Cash & Equivalents
0.39% -110.85% 100.00% 25.00% 4
Derivative
0.00% -0.47% 8.17% 0.48% 3
Securitized
0.00% 0.00% 20.26% 2.42% 3
Corporate
0.00% 0.00% 33.49% 3.39% 3
Government
0.00% -19.73% 117.34% 12.26% 4

Bond Geographic Breakdown

Weighting Category Low Category High LTNSX % Rank Quintile
US
99.61% 0.00% 202.21% 5.16% 2
Non US
0.00% 0.00% 25.36% 0.81% 3

LTNSX - Expenses

Operational Fees

LTNSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.39% 0.09% 4.60% 8.70% 4
Management Fee 0.42% 0.00% 1.00% 2.58% 3
12b-1 Fee 0.82% 0.00% 1.00% 1.97% 4
Administrative Fee 0.04% 0.00% 0.35% 6.83% 1

Sales Fees

LTNSX Fees (% of AUM) Category Low Category High LTNSX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load 1.00% 0.50% 5.50% 4.14% 2

Trading Fees

LTNSX Fees (% of AUM) Category Low Category High LTNSX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LTNSX Fees (% of AUM) Category Low Category High LTNSX Rank Quintile
Turnover 15.77% 0.42% 783.51% 13.20% 2

LTNSX - Distributions

Dividend Yield Analysis

LTNSX Category Low Category High LTNSX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.01% 21.53% 2

Dividend Distribution Analysis

LTNSX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

LTNSX Category Low Category High LTNSX % Rank Quintile
Net Income Ratio 2.90% -0.60% 5.26% 16.10% 2

Capital Gain Distribution Analysis

LTNSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

LTNSX - Managers

Daniel S. Solender

Manager

Start Date

Sep 14, 2006

Tenure

10.47

Tenure Rank

7.0%

Mr. Solender is the lead portfolio manager of the municipal bond capabilities. Mr. Solender joined Lord Abbett in 2006 and was named Partner in 2008. His prior experience includes: Vice President and Portfolio Manager at Nuveen Investments; Principal and Portfolio Manager at Vanguard Group; Assistant Vice President and Portfolio Manager at Nuveen Advisory Corp.; Financial Analyst/Assistant Manager, Research and Product Development at Citibank. Mr. Solender received a BA from Columbia University and an MBA from the University of Chicago. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.


Tenure Analysis

Category Low

0.1

Category High

37.4

Category Average

7.5

Category Mode

2.2