3 Mutual Funds from the Lord Abbett Portfolio for Stellar Returns

By Zacks Investment ResearchStock MarketsJan 10, 2022 07:11AM ET

www.investing.com/analysis/3-mutual-funds-from-the-lord-abbett-portfolio-for-stellar-returns-200614182

3 Mutual Funds from the Lord Abbett Portfolio for Stellar Returns

By Zacks Investment Research | Jan 10, 2022 07:11AM ET

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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 active management.

This New Jersey-based company was founded in November 1929 and had around $210.1 billion in assets under management as of Sep 30, 2021. The company has about 746 employees and 161 investment professionals dedicated to address its clients’ needs. Lord Abbett deals in 59 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, viz., Lord Abbett National Tax Free Fund Class A LANSX, Lord Abbett High Yield Fund Class A LHYAX, and Lord Abbett Bond Debenture Fund Class A LBNDX. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or #2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

Lord Abbett National Tax Free Fund Class A seeks to maximize income exempted from federal income tax. LANSX, therefore, invests most of its assets in municipal bonds that offer interest exempted from federal income tax.

Lord Abbett National Tax Free Fund Class A carries a Zacks Mutual Fund Rank #1 and has a three-year annualized return of 6%. LANSX has an expense ratio of 0.71 % compared with the category average of 0.73%.

Lord Abbett High Yield Fund Class A aims for high current income and seeks capital appreciation to produce a high total return. LHYAX invests the majority of its assets in lower-rated debt securities, including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock.

Lord Abbett High Yield Fund Class A sports a Zacks Rank #2 and has returned 6.6% in the past three years. As of the end of November 2021, LHYAX held 755 issues with 0.98% of its assets invested in Sprint Capital Corporation 6.88%.

Lord Abbett Bond Debenture Fund Class A seeks high current income and aims for capital appreciation to produce a high total return. LBNDX invests a bulk of its assets in fixed-income securities, including debentures and bonds. It may also invest heavily in high-yield securities or junk bonds and around one-fifth of its assets in various kinds of equity securities.

Lord Abbett Bond Debenture Fund Class A sports a Zacks Mutual Fund Rank #1 and has three-year annualized returns of 7%. Christopher J. Gizzo is one of the fund managers of LBNDX 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 funds.

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3 Mutual Funds from the Lord Abbett Portfolio for Stellar Returns

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