Lord Abbett AMT Free Municipal Bond I
90 Hudson Street11th FloorJersey City NJ 07302
Map
Phone: 888-522-2388
| Category: | Muni National Long | | Fund Family: | Lord Abbett | | Net Assets: | 202.39M | | Year-to-Date Return: | 0.98% | | Yield: | 3.90% | | Morningstar Rating: | N/A | | Fund Inception Date: | Oct 28, 2010 |
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Daniel S. Solender
Lead Manager since Oct 28, 2010 | | | 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 Columbia University 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. |
| Min Initial Investment: | 1,000,000 | | Min Initial Investment, IRA: | N/A | | Min Initial Investment, AIP: | N/A | | Min Subsequent Investment: | N/A | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk.
For purposes of its investment objective, the fund uses the volatility of the Barclays Municipal Bond Index as an approximation of reasonable risk. It invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax. As a non-fundamental policy, the fund will not invest in municipal bonds that pay interest subject to the federal alternative minimum tax ("AMT"). It invests primarily in investment grade municipal bonds. Investment grade municipal bonds are rated BBB/Baa or higher. |
| Last Dividend
(Oct 28, 2010)
:
| 0.05 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 15, 2013)
:
| 17.32% | | Average for Category: | 23.04% |
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| Expense | LMCIX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 0.35% | 0.92% | | Prospectus Net Expense Ratio: | 0.40% | N/A | | Prospectus Gross Expense Ratio: | 0.71% | N/A | | Max 12b1 Fee: | N/A | N/A | | Max Front End Sales Load: | N/A | 4.03% | | Max Deferred Sales Load:
| N/A | 2.55% | | 3 Yr Expense Projection*: | 197 | 486 | | 5 Yr Expense Projection*: | 365 | 714 | | 10 Yr Expense Projection*: | 854 | 1,354 |
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0.03(0.18%) May 23