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Founded in 1929, Lord Abbett managed assets worth over $169.3 billion as of Sep 30, 2018. This privately held company has around 811 employees and 164 investment professionals dedicated to addressing 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 successful investment performance on behalf of its clients over 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.
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 market conditions. It is a non-diversified municipal bond mutual fund. Lord Abbett High Yield Municipal Bond A has three-year annualized returns of 4.6%.
As of September 2018, this fund held 525 issues with 2.08% of its assets invested in NEW YORK LIBERTY DEV CORP 5%.
Lord Abbett Developing Growth R6 (LADVX - Free Report) attains its investment goals through equity securities of companies that are expected to have long-term, above-average growth prospects. The fund invests more than 65% of its assets in small-cap companies. LADVX may also invest around one-tenth of its assets in non-U.S. companies. Lord Abbett Developing Growth R6 has three-year annualized returns of 14%.
LADVX has an expense ratio of 0.59% compared with the category average of 1.23%.
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 is one of the fund managers of LIFAX since 2013.
Image: Bigstock
3 Best Lord Abbett Mutual Funds to Buy Now
Founded in 1929, Lord Abbett managed assets worth over $169.3 billion as of Sep 30, 2018. This privately held company has around 811 employees and 164 investment professionals dedicated to addressing 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 successful investment performance on behalf of its clients over 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 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 market conditions. It is a non-diversified municipal bond mutual fund. Lord Abbett High Yield Municipal Bond A has three-year annualized returns of 4.6%.
As of September 2018, this fund held 525 issues with 2.08% of its assets invested in NEW YORK LIBERTY DEV CORP 5%.
Lord Abbett Developing Growth R6 (LADVX - Free Report) attains its investment goals through equity securities of companies that are expected to have long-term, above-average growth prospects. The fund invests more than 65% of its assets in small-cap companies. LADVX may also invest around one-tenth of its assets in non-U.S. companies. Lord Abbett Developing Growth R6 has three-year annualized returns of 14%.
LADVX has an expense ratio of 0.59% compared with the category average of 1.23%.
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 is 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.
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