LTNSX: Lord Abbett National Tax Free Fund - MutualFunds.com
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Lord Abbett National Tax Free C

LTNSX - Snapshot

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 4.3%
  • 5 Yr Annualized Return 3.8%
  • Net Assets $4.04 B
  • Holdings in Top 10 6.7%

52 WEEK LOW AND HIGH

$12.07
$10.34
$12.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.35%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Compare LTNSX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.86

0.00%

$81.84 B

-

$0.00

0.00%

-

$11.27

0.00%

$33.32 B

-

$0.00

0.09%

-

$13.64

0.00%

$24.55 B

-

$0.00

0.15%

-

$15.95

0.00%

$20.79 B

-

$0.00

0.00%

-

$117.17

+0.06%

$20.43 B

-

-

-0.05%

-

LTNSX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Solender

Fund Description

In pursuing its investment objective, the fund uses the volatility of the Bloomberg 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 (%)
YTD 0.4% -0.8% 1.2% 6.56%
1 Yr 4.2% -1.0% 10.1% 48.66%
3 Yr 4.3%* -0.4% 9.8% 27.87%
5 Yr 3.8%* -0.3% 7.8% 23.03%
10 Yr 4.9%* -0.1% 10.2% 21.50%

* Annualized

Return Ranking - Calendar

Period LTNSX Return Category Return Low Category Return High Rank in Category (%)
2020 1.9% -2.8% 310.0% 37.30%
2019 5.9% -0.3% 15.4% 7.14%
2018 -2.5% -10.3% 97.2% 62.51%
2017 3.6% -100.0% 7.6% 6.73%
2016 -3.1% -7.9% 96.8% 64.67%

Total Return Ranking - Trailing

Period LTNSX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -0.8% 1.2% 6.62%
1 Yr 3.2% -5.0% 10.1% 53.06%
3 Yr 4.3%* -2.4% 9.8% 23.99%
5 Yr 3.8%* -1.4% 7.8% 20.33%
10 Yr 4.9%* -0.1% 10.2% 19.82%

* Annualized

Total Return Ranking - Calendar

Period LTNSX Return Category Return Low Category Return High Rank in Category (%)
2020 1.9% -2.8% 310.0% 37.30%
2019 5.9% -0.3% 15.4% 7.44%
2018 -2.5% -10.3% 11.0% 64.93%
2017 3.6% -100.0% 7.6% 8.67%
2016 -3.1% -7.9% 3.0% 69.15%

NAV & Total Return History


LTNSX - Holdings

Concentration Analysis

LTNSX Category Low Category High LTNSX % Rank
Net Assets 4.04 B 582 K 81.8 B 8.95%
Number of Holdings 867 3 10805 11.36%
Net Assets in Top 10 259 M -199 M 4.06 B 15.21%
Weighting of Top 10 6.65% 2.4% 100.0% 93.02%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.98%
  2. KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG 5% 0.73%
  3. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% 0.67%
  4. HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5.25% 0.67%
  5. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.65%
  6. MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 4% 0.64%
  7. LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 3.5% 0.60%
  8. SALT VERDE FINL CORP SR GAS REV ARIZ 5% 0.58%
  9. NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% 0.57%
  10. CHICAGO ILL 6% 0.56%

Asset Allocation

Weighting Return Low Return High LTNSX % Rank
Bonds
99.98% 15.80% 147.66% 17.68%
Cash
0.02% -47.66% 84.20% 79.76%
Stocks
0.00% 0.00% 2.07% 43.16%
Preferred Stocks
0.00% -0.96% 1.04% 40.36%
Other
0.00% -13.14% 13.72% 42.34%
Convertible Bonds
0.00% 0.00% 1.44% 40.81%

Bond Sector Breakdown

Weighting Return Low Return High LTNSX % Rank
Municipal
99.98% 15.02% 100.00% 14.70%
Cash & Equivalents
0.02% 0.00% 84.20% 81.12%
Derivative
0.00% 0.00% 0.85% 40.59%
Securitized
0.00% 0.00% 6.51% 42.00%
Corporate
0.00% 0.00% 15.75% 49.75%
Government
0.00% 0.00% 84.56% 44.60%

Bond Geographic Breakdown

Weighting Return Low Return High LTNSX % Rank
US
98.08% 15.80% 141.34% 36.29%
Non US
1.90% 0.00% 28.07% 34.31%

LTNSX - Expenses

Operational Fees

LTNSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.01% 16.95% 24.32%
Management Fee 0.41% 0.00% 1.10% 41.32%
12b-1 Fee 0.82% 0.00% 1.00% 76.11%
Administrative Fee 0.04% 0.01% 0.47% 6.62%

Sales Fees

LTNSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 46.84%

Trading Fees

LTNSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 299.40% 59.42%

LTNSX - Distributions

Dividend Yield Analysis

LTNSX Category Low Category High LTNSX % Rank
Dividend Yield 0.00% 0.00% 2.99% 44.24%

Dividend Distribution Analysis

LTNSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LTNSX Category Low Category High LTNSX % Rank
Net Income Ratio 2.27% -1.65% 6.48% 55.24%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

LTNSX - Fund Manager Analysis

Managers

Daniel Solender


Start Date

Tenure

Tenure Rank

Sep 14, 2006

14.31

14.3%

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 the University of Columbia and an MBA from the University of Chicago. He is the holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.

Gregory Shuman


Start Date

Tenure

Tenure Rank

Feb 01, 2019

1.92

1.9%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 35.78 6.92 0.16