
Please try another search
Lord Abbett is a renowned global asset manager that seeks to deliver a successful investment performance in the long run on behalf of its clients. The company aims to provide a wide variety of financial products and services to fulfil the needs of its investors. The three key factors leading to Lord Abbett’s prosperity are its independent perspective, smart product design and a dedication to active management.
This New Jersey-based company was founded in November 1929 and had $205.2 billion in assets under management as of Dec 31, 2019. It has about 780 employees and 164 investment professionals dedicated to address the clients’ needs. Lord Abbett deals in 57 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 funds.
Lord Abbett National Tax Free Fund Class A LANSX seeks to maximize its income that is exempted from federal income tax. Therefore the fund invests the majority of its assets in municipal bonds that offer interest exempted from federal income tax. LANSX has returned 11.1% in a year.
As of January 2020, LANSX held 806 issues with 0.88% of its assets invested in TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5%.
Lord Abbett High Yield Municipal Bond Fund Class A HYMAX aims to provide a high level of income exempted from the federal tax. The fund invests the majority of its assets in municipal bonds. The non-diversified fund seeks to maintain a dollar-weighted average maturity of between 10-25 years in normal conditions. HYMAX has returned 13.4% in a year.
HYMAX has an expense ratio of only 0.79% compared with the category average of 0.94%.
Lord Abbett Short Duration Income Fund Class R6 LDLVX aims for high income that is at par with capital preservation. The fund primarily invests in short-duration debt or fixed-income securities. The fund invests the majority of its assets in investment grade debt securities, which may consist of corporate debt securities of U.S. issuers and non-U.S. issuers. LDLVX has returned 5.6% in a year.
Robert A. Lee is one of the fund managers of LDLVX since 1998.
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.
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 >>
These stocks provide a compelling case as safe-haven stocks in the face of an escalating trade war. Each company operates within sectors that are relatively resilient to economic...
When the market narrative becomes too widely accepted, excess seems to be created in some areas of the economy as businesses prepare for what’s coming their way. Today’s stock...
Markets are bouncing back as investors bet on technical support, tariff relief, and Germany’s stimulus plans. But with ISM and NFP data ahead, Fed rate cut bets could shift,...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.