| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
5
5
5
3
5
|
|
Zacks Investment Research
5
(Strong Sell)
|
|
Standard & Poor's
3 / 5 Stars
|
|
TheStreet.com
C
(Hold)
|
#16 in Muni National Short
U.S. News evaluated 45 Muni National Short Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 1.80 percent over the past year, and 2.58 percent over the past three years.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 0.8% |
| 1 Year | 1.8% |
| 3 Years (Annualized) | 2.6% |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
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: 1 Year (1-2) as an approximation of reasonable risk. To pursue its objective, under normal market conditions, it invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax. Under normal market conditions, the fund invests primarily in investment grade municipal bonds. Investment grade municipal bonds are rated BBB/Baa or higher.
Fees
Fees are Above Average compared to funds in the same category.
Lord Abbett Short Duration Tax Free Fund has an expense ratio of 0.60 percent.
Risk
Risk is Average compared to funds in the same category according to Morningstar.
