|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni National Interm Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
5.84 Yrs
|
|
|
|
Avg Credit Quality |
|
|
AA |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.01 |
|
|
| NAV (2009-11-20) |
| $ 10.11 |
|
|
| YTD Return % (2009-11-20) |
| 11.86% |
|
|
| Total Assets ($ mil) |
| 1,159 |
|
| Growth of $10,000 |
 |
Fund: |
Lord Abbett Intermediate Tax Free A |
| (from
2003-06-30
to 2009-10-31) |
 |
Category: |
Muni National Interm |
|
 |
Index: |
BarCap Municipal TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 2003-06-30 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
11.86 |
11.58 |
4.88 |
4.13 |
--- |
3.52 |
| +/- Category |
1.93 |
0.50 |
1.46 |
0.99 |
--- |
--- |
| +/- BarCap Municipal TR USD |
-0.28 |
-0.09 |
0.63 |
-0.23 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
10.61 |
10.95 |
4.74 |
3.84 |
--- |
3.55 |
| Month-End (as of 2009-10-31) |
8.25 |
10.31 |
3.81 |
3.28 |
--- |
3.15 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
10.31 |
3.81 |
3.28 |
--- |
--- |
| On Distribution & Sale of Shares |
--- |
8.13 |
3.80 |
3.31 |
--- |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
--- |
--- |
|
| # of compared funds covered (3 yrs : out of 234 funds), (5 yrs : out of 209 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
2.25%,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
14.29 |
| Advance Refunded |
0.16 |
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
0.70 |
| Education |
3.33 |
| Health |
9.66 |
| Housing |
---
|
| Industrial |
6.88 |
| Transportation |
4.11 |
| Utilities |
2.01 |
| Water/Sewer |
4.47 |
| Misc. Revenue |
54.39 |
|
| Bond Quality |
% of Bonds |
| AAA |
24.8 |
| AA |
36.8 |
| A |
21.2 |
| BBB |
12.3 |
| BB |
1.9 |
| B |
0.5 |
| Below B |
0.5 |
| Not Rated |
2.1 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
0.8 |
 |
Stocks |
0.0 |
|
Bonds |
99.2 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
30 |
| Total Number of Bond Holdings |
469 |
|
30 Day SEC Yield % |
2.74 |
| % of Assets in Top 10 Holdings |
8.02 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
CITIZENS PPTY INS CORP FLA SENIOR SE |
2016-06-01 |
10,000 |
10,932 |
1.01 |
|
Navajo Cnty Ariz Pollutn Ctl C Rev 5.5% |
2034-06-01 |
10,000 |
10,497 |
0.97 |
 |
Public Gas Partners Inc Ga Gas Rev Bd 5% |
2019-10-01 |
8,450 |
9,308 |
0.86 |
|
New Jersey Econ Dev Auth 5.25% |
2020-12-15 |
8,125 |
9,235 |
0.85 |
|
Houston Tex 5% |
2022-03-01 |
7,285 |
8,336 |
0.77 |
|
 |
 |
Wisconsin St Health & Edl Facs Rev 5.25% |
2017-08-15 |
8,160 |
8,329 |
0.77 |
|
Cape Coral Fla Wtr & Swr Rev Bans 6% |
2011-10-01 |
7,500 |
7,712 |
0.71 |
|
ILLINOIS DEV FIN AUTH GAS SUPP REF REV B |
2038-11-01 |
7,500 |
7,528 |
0.70 |
|
Rhode Is St Econ Dev Corp Grant An 5.25% |
2020-06-15 |
6,495 |
7,486 |
0.69 |
|
Wisconsin Hsg & Econ Dev A Var Rev B |
2040-10-01 |
7,420 |
7,420 |
0.69 |
|
|
 |
Data through 2009-09-30 |
|
|
|
| Fund Inception: 2003-06-30 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Peter Scott Smith (2005-03-01) |
|
|
|
Smith is a portfolio manager and trader with Lord Abbett & Company, his employer since 1992. He has been in the investment business since 1989. |
|
|
|
|
|
Daniel S. Solender (2007-02-01) |
|
|
|
Solender is director of municipal bond management of Lord Abbett, his employer since 2006. Previously, he served as a vice president and portfolio manager at Nuveen Investments from 1991 to 1999 and 2003 to 2006. He served as principal and portfolio manager at Vanguard Group from 1999 to 2003. Solender has been in the investment business since 1987.
Solender holds the Chartered Financial Analyst designation. |
|
|
|
|
|
Daniel T. Vande Velde (2008-06-19) |
|
|
|
Daniel T. Vande Velde is a senior member of the municipal bond investment team, where he help develop and implement investment strategies for the firm's tax-free assets. Prior to joining Lord Abbett, he was portfolio manager at McDonnell Investment Management LLC of Oak Brook, Ill., where he focused on municipal bond portfolios. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-04-08) |
| Front: |
2.25 |
| Deferred: |
None |
|
| Expense Ratio % |
0.24 |
based on net assets
(taken from annual report dated 2008-09-30)
|
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| Correspondence Information |
90 Hudson Street
11th Floor
Jersey City,
NJ
07302
United States |
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