Address And Details

90 Hudson St 10th Flr , Jersey City, NJ 07302
Fund Manager Daniel Vande Velde
Manager Tenure 12 Years 9 Months

Strategy And Objective

The investment objective of the Fund is to seek the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. Under normal conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax. The Fund uses the volatility of the Bloomberg Barclays Municipal Bond Short 1-5 Year Index as an approximation of reasonable risk.Under normal conditions, the Fund invests in investment grade municipal bonds, which are bonds that are rated BBB/Baa or higher (at the time of purchase), or an equivalent short-term rating, as applicable, by an independent rating agency or are unrated but deemed by Lord, Abbett & Co. LLC (Lord Abbett) to be of comparable quality. The Fund may invest up to 20% of its net assets in lower rated municipal bonds (commonly referred to as below investment grade, high yield, or junk bonds), which are bonds that are rated BB+/Ba1 or lower (at the time of purchase), or an equivalent short-term rating, as applicable, by an independent rating agency or are unrated but deemed by Lord Abbett to be of comparable quality.

Net Asset Value

as of 5:55 PM ET 09/24/2021

Performance

  • 1 Week
  • -0.13%
  • 1 Month
  • -0.25%
  • 3 Months
  • -0.13%
  • 1 Yr Return
  • +0.51%
  • 5 Yr Return
  • +0.82%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 98.69%
Other 1.31%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 211.57 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.72 -0.54 -0.42
Beta 0.56 0.50 0.40
R Squared 0.87 0.85 0.77
Std Deviation 2.39 2.11 1.65
Sharpe Ratio 0.63 0.27 n/a

Purchase Information

as of 5:47 PM ET 09/23/2021
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +1.82%
  • +3.54%
+1.82% +3.54%
3 Year
  • +2.60%
  • +2.70%
+2.60% +2.70%
10 Year
  • +1.59%
  • +1.70%
+1.59% +1.70%
Life Of Fund
  • +2.17%
  • +2.20%
+2.17% +2.20%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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