LAIIX

About LAIIX

Lord Abbett Intermediate Tax Free Fund Class I is a fixed income mutual fund designed to provide investors with a high level of income that is exempt from federal income tax. The fund primarily focuses on investing at least 80% of its assets in investment-grade municipal bonds issued by state and local governments or agencies in the United States, the interest from which is federally tax-free. Notable features include a relatively low expense ratio for its category and a portfolio comprising hundreds of holdings, providing broad diversification across the municipal bond sector. With an effective duration of around 5–5.7 years, the fund targets intermediate maturities—balancing income generation with interest rate risk. Typically utilized by institutional and high-net-worth investors due to its $1 million minimum initial investment, it serves as a core tax-advantaged fixed income allocation within diversified portfolios. The fund’s monthly distributions and federally tax-exempt status make it particularly significant for investors seeking tax-efficient income solutions within the broader municipal bond market.