Lord Abbett Tax Free Income Fd N: (MF: LANJX)
NAV
$5.08
NAV Day Change
0.00 (0.00%)
May 22 06:05 PM ET
General Information As Of 04/30/13
| %Yield | 3.37 |
| %SEC Yield | 3.19 |
| %YTD Return (as of 04/30/13) | 1.71 |
| Objective* | Fixed Income - Muni State |
| Peer* | MS NJ |
Portfolio Statistics
| %Unrealized Gain YTD | 7.58 |
| Net Assets (Mil $) 04/30/2013 | 136.08 |
| %Turnover 04/30/2013 | 31.06 |
Fees
| %Max Sales Load | 2.25 |
| %Min Sales Load | .00 |
| %Max Deferred Load | NA |
Expenses
| %Max 12b-1 Fee | 0.20 |
| %Max Management Fee | 0.45 |
| Redemption Fee | NA |
| Expense Ratio | 0.83 |
Allocation
| Large Growth | NA |
| Large Value | NA |
| Small Growth | NA |
| Small Value | NA |
| Foreign Stock | NA |
| Emerging Market | NA |
| Precious Metal | NA |
| Intermediate Bond | NA |
| Foreign Bond | NA |
| High Yield Bond | NA |
Portfolio Information
Composition
| As of 12/31/2012 | %of Net Assets |
| Stock | 0.00 |
| Cash | 0.00 |
| Bonds | 98.29 |
| Preferred | 0.00 |
| Convertibles | 0.00 |
| Foreign Stock | 0.00 |
| Foreign Bonds | 0.00 |
| Hedge | 0.00 |
| Other | 1.71 |
Sector / Country Weightings
| As of 04/30/2013 | % of Portfolio |
|---|---|
| NA | NA |
Portfolio Holdings
| Top Holdings (As of 12/31/2012) | % of Portfolio | Value (Mil$) |
|---|---|---|
| GARDEN ST PRESERVATION TR | 2.81 | 4.23 |
| NJ HLTHCARE FACS FING AUT | 2.80 | 4.21 |
| NJ ST EDL FACS AUTH SETON | 1.93 | 2.89 |
| NJ HLTHCARE FACS FING AUT | 1.87 | 2.81 |
| NJ TOB SETLMNT FING CORP | 1.86 | 2.80 |
| NJ ST TPK AUTH | 1.75 | 2.63 |
| PR SALES TAX FING CORP | 1.69 | 2.54 |
| PORT AUTH NY & NJ CONS 15 | 1.66 | 2.49 |
| SALEM CNTY NJ UTILS AUTH | 1.64 | 2.46 |
| NJ ST TRANSN TR FD AUTH T | 1.63 | 2.45 |
Contact Information
| Family | Lord Abbett |
| Addrerss | 90 Hudson St 10th Flr Jersey City, NJ 07302 |
| Phone | 800 821-5129 |
Fund Description
The fund was incepted in January 1991 and is managed by Lord Abbett and Co. The fund's objective is to seek the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risks. The fund invests in municipal bonds, which at the time of purchase are investment grade or determined by Lord Abbett to be of comparable quality. Fund attempts to be at least 80% invested in municipal bonds. The fund offers dividends monthly and capital gains annually.
Stock Holding % of Net Assets
| As Of | 12/31/2012 |
| Total Issues | NA |
| Avg. P/E | NA |
| Avg. P/Book | NA |
| Avg. EPS Growth | NA |
| Avg. Market Value (Mil $) | NA |
Risk
| 3 Year | 5 Year | 10 Year | |
|---|---|---|---|
| Beta | 1.30 | 1.35 | 1.17 |
| Alpha | -1.13 | -2.48 | -1.38 |
| R Squared | 0.88 | 0.78 | 0.83 |
| Std. Dev. | 5.20 | 7.27 | 6.63 |
| Sharpe | 1.30 | 0.71 | 4.00 |
Shareholder Information
| Manager | Daniel S. Solender |
| Since | 12/06 |
| Manager Rating | NA |
| Inception Date | 01/02/1991 |
| Shareholders | NA |
| Dividends Paid | M |
| Minimum Initial Investment | $1,000 |
| Minimum Subsequent Investment | $0 |
| IRA Minimum | $0 |
| IRA Available | Y | Check Writing | N | Phone Invest | Y |
| Phone Exchange | Y | Phone Redeem | Y | Auto Invest | Y |
| Wire Redeem | Y | Wire Fee | Y | Wire Transfer | Y |

