Back to top

3 Top Lord Abbett Mutual Funds to Buy

Read MoreHide Full Article

Lord Abbett is a renowned global asset manager that seeks to come up with a successful investment performance on behalf of its clients for the long run. The company aims to provide a wide variety of financial products and services to fulfill the needs of its investors. The three key factors that have added to Lord Abbett’s success are its independent perspective, smart product design, and dedication to activemanagement.

This New Jersey-based company was founded in November 1929 and had around $169.3 billion in assets under management as of Sep 30, 2018. The company has around 811 employees and 164 investment professionals dedicated to address clients’ needs. Lord Abbett deals in 61 mutual funds investing in not only domestic and global stocks, but also in fixed-income, tax-free income and multi-asset securities.

Below we share with you three 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 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 12.7%.

LADVX has an expense ratio of only 0.59% compared with the category average of 1.23%.

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 4.5%.

As of October 2018, this fund held 520 issues with 1.99% 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%.

Andrew H. O'Brien has been one of the fund managers of LIFAX since 2011.

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.

To view the Zacks Rank and the past performance of all Franklin Templeton mutual funds, investors can click here to see the complete list of 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 >>