LTNSX: Lord Abbett National Tax Free C

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LTNSX Lord Abbett National Tax Free C


Profile

LTNSX - Profile

Vitals

  • YTD Return -0.4%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return 0.9%
  • Net Assets $3.78 B
  • Holdings in Top 10 6.5%

52 WEEK LOW AND HIGH

$11.75
$10.34
$12.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.39%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.63%
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.


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Categories

Performance

LTNSX - Performance

Return Ranking - Trailing

Period LTNSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -31.9% 954.9% 91.19%
1 Yr -0.8% -27.2% 945.1% 91.85%
3 Yr 1.0%* -18.4% 120.9% 49.62%
5 Yr 0.9%* -9.1% 60.6% 41.54%
10 Yr 0.8%* -5.2% 14.4% 17.55%

* Annualized

Return Ranking - Calendar

Period LTNSX Return Category Return Low Category Return High Rank in Category (%)
2019 5.9% -5.8% 20.3% 21.62%
2018 -2.5% -29.6% 4.6% 48.24%
2017 3.6% -4.4% 15.8% 3.31%
2016 -3.1% -6.1% 15.0% 86.49%
2015 -0.4% -11.6% 2.6% 26.87%

Total Return Ranking - Trailing

Period LTNSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -31.9% 954.9% 91.19%
1 Yr -0.8% -27.2% 945.1% 91.85%
3 Yr 1.0%* -18.4% 120.9% 54.06%
5 Yr 0.9%* -9.1% 60.6% 46.88%
10 Yr 0.8%* -5.2% 16.1% 35.27%

* Annualized

Total Return Ranking - Calendar

Period LTNSX Return Category Return Low Category Return High Rank in Category (%)
2019 5.9% -5.8% 20.3% 22.17%
2018 -2.5% -29.6% 4.6% 55.37%
2017 3.6% -4.4% 15.8% 9.23%
2016 -3.1% -6.1% 15.0% 88.61%
2015 -0.4% -9.9% 3.0% 33.95%

NAV & Total Return History


Holdings

LTNSX - Holdings

Concentration Analysis

LTNSX Category Low Category High LTNSX % Rank
Net Assets 3.78 B 619 K 88.4 B 16.15%
Number of Holdings 849 1 10083 19.65%
Net Assets in Top 10 240 M -170 M 26.9 B 33.16%
Weighting of Top 10 6.49% 2.6% 100.0% 96.25%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.94%
  2. KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG 5% 0.77%
  3. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.65%
  4. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% 0.62%
  5. CHICAGO ILL 6% 0.61%
  6. SALT VERDE FINL CORP SR GAS REV ARIZ 5% 0.59%
  7. NEW JERSEY ST TRANSN TR FD AUTH 4% 0.59%
  8. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4% 0.58%
  9. NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% 0.57%
  10. LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 3.5% 0.57%

Asset Allocation

Weighting Return Low Return High LTNSX % Rank
Bonds
99.97% 78.92% 188.18% 13.21%
Cash
0.03% -83.41% 19.68% 83.81%
Stocks
0.00% -4.99% 21.62% 39.07%
Preferred Stocks
0.00% -0.17% 10.40% 44.74%
Other
0.00% -9.30% 31.94% 37.29%
Convertible Bonds
0.00% 0.00% 9.45% 64.44%

Bond Sector Breakdown

Weighting Return Low Return High LTNSX % Rank
Municipal
99.97% 0.00% 100.06% 4.61%
Cash & Equivalents
0.03% -26.49% 93.17% 92.36%
Derivative
0.00% 0.00% 39.43% 42.72%
Securitized
0.00% 0.00% 97.53% 69.10%
Corporate
0.00% 0.00% 99.00% 75.54%
Government
0.00% -2.21% 99.96% 72.47%

Bond Geographic Breakdown

Weighting Return Low Return High LTNSX % Rank
US
98.05% 49.78% 163.25% 19.56%
Non US
1.92% -12.10% 39.65% 62.13%

Expenses

LTNSX - Expenses

Operational Fees

LTNSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.01% 34.57% 19.30%
Management Fee 0.41% 0.00% 1.60% 62.33%
12b-1 Fee 0.82% 0.00% 1.00% 78.11%
Administrative Fee 0.04% 0.00% 0.50% 7.23%

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% 43.66%

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 11.00% 0.00% 496.90% 7.71%

Distributions

LTNSX - Distributions

Dividend Yield Analysis

LTNSX Category Low Category High LTNSX % Rank
Dividend Yield 0.00% 0.00% 3.89% 35.80%

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 2.63% -0.81% 5.05% 37.85%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LTNSX - Fund Manager Analysis

Managers

Daniel Solender


Start Date

Tenure

Tenure Rank

Sep 14, 2006

13.97

14.0%

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 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

1.58

1.6%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 33.3 6.93 0.17