Lord Abbett Natl Tax-Free Income AÂ (LANSXÂ -Â MF report) a Zacks Ranked #2 (Buy) seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risks. LANSX invests in municipal bonds, which at the time of purchase are investment grade or determined by Lord Abbett to be of comparable quality. LANSX attempts to be at least 80% invested in municipal bonds. LANSX offers dividends monthly and capital gains annually.
The Lord Abbett Natl Tax-Free Income A fund, managed by Lord Abbett , carries an expense ratio of 0.75. Moreover, LANSX requires a minimal initial investment of $1,000.
LANSX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 4.27%, 3 year 3.94%, and 5 year 5.62%. To see how this fund performed compared in its category, please click here.
LANSX’s performance, as of the last filing, when compared to funds in its category was in the top 19% in 1 year, top 17% over the past 3 years, and in the top 14% over the past 5 years.
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