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Lord Abbett Intermediate Tax Free I (LAIIX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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10.13-0.03 (-0.30%)
At close: 08:00PM EDT

Lord Abbett Intermediate Tax Free I

Jersey City NJ 07302

90 Hudson Street 11th Floor

Lord Abbett Municipal Income Fund Inc

Management information
Daniel S. Solender,Lead manager since 30 December 2006
Mr. Solender is the lead portfolio manager of the municipal bond capabilities. Mr. Solender joined Lord Abbett in 2006 and was named Partner in 2008. His prior experience includes: Vice President and Portfolio Manager at Nuveen Investments; Principal and Portfolio Manager at Vanguard Group; Assistant Vice President and Portfolio Manager at Nuveen Advisory Corp.; Financial Analyst/Assistant Manager, Research and Product Development at Citibank. Mr. Solender received a BA from the University of Columbia and an MBA from the University of Chicago. He is the holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryMuni National Interm
Fund familyLord Abbett
Net assets4.84B
YTD return0.52%
Yield3.07%
Morningstar rating★★★★
Inception date29 Jun 2003

Fund operations

Last dividend0.08
Last cap gain-12.00
Holdings turnover44.00%
Average for categoryN/A

Fees and expenses

ExpenseLAIIXCategory average
Annual report expense ratio (net)1.33%0.68%
Prospectus net expense ratio1.33%N/A
Prospectus gross expense ratio1.33%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A3.56%
Max deferred sales loadN/A1.22%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A