Lord Abbett AMT Free Municipal Bond Fund

Scorecard
3 / 5 Stars
Lipper
4 4 2 4 2
Zacks Investment Research
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Standard & Poor's
1 / 5 Stars
TheStreet.com
B (Buy)

U.S. News evaluated 58 Muni National Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 4.66 percent over the past year, and 6.17 percent over the past three years.

Trailing Returns Updated 06.30.2014
Year to date 7.3%
1 Year 4.7%
3 Years (Annualized) 6.2%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. 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. The fund invests primarily in investment grade municipal bonds. The fund's dollar-weighted average maturity generally is expected to be between ten and twenty-five years, but will vary with market conditions.

Fees

Fees are Above Average compared to funds in the same category.
Lord Abbett AMT Free Municipal Bond Fund has an expense ratio of 0.58 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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