Lord Abbett Short Duration Tax Free A
90 Hudson Street 11th Floor Jersey City NJ 07302
Phone: 888-522-2388
| Category: | Muni National Short | | Fund Family: | Lord Abbett | | Net Assets: | 893.36M | | Year-to-Date Return: | 5.97% | | Yield: | % | | Morningstar Rating: | N/A | | Fund Inception Date: | 31-Dec-08 |
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Daniel S. Solender
Lead Manager since
10-Dec-08 | | | Solender is director of municipal bond management of Lord Abbett, his employer since 2006. Previously, he served as a vice president and portfolio manager at Nuveen Investments from 1991 to 1999 and 2003 to 2006. He served as principal and portfolio manager at Vanguard Group from 1999 to 2003. Solender has been in the investment business since 1987. Solender holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $1,000 | | Min Initial Investment, IRA: | $250 | | Min Initial Investment, AIP: | $250 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. The fund normally invests at least 80% of net assets in municipal bonds, the interest on which is exempt from federal income tax. It may invest up 20% of net assets in bonds that pay interest that is subject to the federal alternative minimum tax. The fund may invest up to 20% of net assets in municipal bonds that are rated below investment grade or determined by Lord Abbett to be of comparable quality. It maintains a dollar-weighted average effective duration between one and three years. |
| Last Dividend
(30-Nov-09):
| 0.02 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| N/A | | Average for Category:
| 50.31% |
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| Expense | LSDAX | Category
Avg | | Total Expense Ratio: | %
| 0.83% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | 2.25%
| 2.39% | | Max Deferred Sales Load: | %
| 1.76% | | 3 Yr Expense Projection*: |
$N/A | $383 | | 5 Yr Expense Projection*: |
$N/A | $600 | | 10 Yr Expense Projection*: |
$N/A | $1,213 |
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