Lord Abbett Short Duration Tax Free Fund

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

U.S. News evaluated 48 Muni National Short 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 0.61 percent over the past year, 2.26 percent over the past three years, and 2.79 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 0.9%
1 Year 0.6%
3 Years (Annualized) 2.3%
5 Years (Annualized) 2.8%
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 1-5 Year Municipal Bond Index as an approximation of reasonable risk. Under normal conditions, it invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax. Under normal conditions, the fund invests primarily in investment grade municipal bonds. The fund's dollar-weighted average maturity generally is expected to be between one and three years.

Fees

Fees are Above Average compared to funds in the same category.
Lord Abbett Short Duration Tax Free Fund has an expense ratio of 0.42 percent.

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Risk

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

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