Founded in 1929, Lord Abbett managed assets worth over $162 billion as of Jun 30, 2018. This privately held company has around 791 employees and 161 investment professionals dedicated to address clients’ needs. Lord Abbett deals in more than 61 mutual funds, investing in not only domestic and global stocks but also in fixed-income, tax-free income and multi-asset securities.
This renowned global asset manager aims to provide a wide variety of financial products and services to fulfill the needs of investors. The company seeks to achieve successful investment performance on behalf of its clients for the long run. The three key factors that added to Lord Abbett’s success are its independent perspective, smart product design and dedication to active management.
Below we share with you four top-ranked Lord Abbett mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Lord Abbett funds.
Lord Abbett National Tax-Free Income F (LANFX - Free Report) seeks income free from federal income tax. LANFX invests a bulk of its assets in municipal debt securities that provide tax-exempted income. The volatility attached to the Barclays Municipal Bond Index is generally used by the fund as an estimate of reasonable risk. Lord Abbett National Tax-Free Income F has three-year annualized returns of 3.6%.
LANFX has an expense ratio of only 0.66% compared with the category average of 0.83%.
Lord Abbett High Yield Municipal Bond A (HYMAX - Free Report) invests a major portion of its assets in tax-free, interest-paying municipal bonds. The fund invests a significant portion of its assets in lower-rated bonds or junk bonds. Its dollar-weighted average maturity varies from 10 to 25 years, depending on the market condition. It is a non-diversified municipal bond mutual fund. Lord Abbett High Yield Municipal Bond A has three-year annualized returns of 6%.
As of July 2018, this fund held 518 issues with 1.92% of its assets invested in NEW YORK LIBERTY DEV CORP 5%.
Lord Abbett Inflation Focused A (LIFAX - Free Report) seeks returns, which beat the inflation rate in the domestic economy. LIFAX meets its investment goals by combining inflation-indexed fixed income securities and inflation-linked derivatives. The fund uses the Consumer Price Index (CPI) for All Urban Consumers in order to assess the inflation rate in the economy. Lord Abbett Inflation Focused A has three-year annualized returns of 2.3%.
Hyun Lee has been one of the fund managers of LIFAX since 2013.
To view the Zacks Rank and past performance of all Lord Abbett mutual funds, investors can click here to see the complete list of Lord Abbett funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>