Lord Abbett is a renowned global wealth manager that seeks to deliver successful investment performance on behalf of its clients over the long term. The company aims to offer a wide range of financial products and services to meet the needs of its investors. The three key factors that have contributed to Lord Abbett’s success are his independent perspective, intelligent product design and commitment to active management.
This New Jersey-based company was incorporated in November 1929 and had approximately $210.1 billion in assets under management as of September 30, 2021. The firm employs approximately 746 people and 161 investment professionals dedicated to serving the needs of its clients. Lord Abbett trades 59 mutual funds that invest not only in domestic and global equities, but also in fixed income, tax-free and multi-asset securities.
Below we share with you three of Lord Abbett’s top ranked mutual funds viz. Class F of Lord Abbett Short Duration Income Fund LDLFX, Class A of the Lord Abbett National Tax Free Fund LANSX and Class I of Lord Abbett International Equity Fund LICYX. Each has a Zacks Investment Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see Lord Abbett’s full list of mutual funds.
Class F of Lord Abbett Short Duration Income Fund seeks a high income compatible with the preservation of capital. LDLFX invests the majority of its assets in investment grade debt securities, including corporate debt of US companies, corporate debt of non-US companies denominated in US dollars, and mortgage-backed, mortgage-related and other asset-backed securities.
Class F of the Lord Abbett Short Duration Income Fund has a three year annualized return of 2.6%. At the end of December 2021, LDLFX held 1,429 issues with 2.77% of its assets invested in US Treasuries (0.38%).
Class A of the Lord Abbett National Tax Free Fund seeks to maximize federal income tax-exempt income. LANSX invests most of its assets in municipal bonds that offer interest that is exempt from federal income tax.
Class A of the Lord Abbett National Tax Free Fund has a three year annualized return of 4.3%. LANSX has an expense ratio of 0.71% compared to the category average of 0.73%.
Class I of Lord Abbett International Equity Fund strives for a long-term increase in the value of capital and income. LICYX invests the majority of its net assets and the amount of any borrowings for investment purposes in equity securities of large capitalization companies.
Class I of Lord Abbett International Equity Fund has a three year annualized return of 12.7%. Todd D. Jacobson has been one of the fund managers of LICYX since 2017.
To see the Zacks rank and past performance of all Lord Abbett mutual funds, investors can click here to see the full list of Lord Abbett mutual funds.
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