LISCX

About LISCX

Lord Abbett Intermediate Tax Free Fund Class C is an actively managed municipal bond mutual fund designed to generate a high level of income that is exempt from federal income tax. According to its prospectus, the fund seeks the maximum amount of federally tax‑exempt interest consistent with reasonable risk, investing primarily in investment‑grade municipal securities with an intermediate interest‑rate profile. It sits within the muni national intermediate category, diversifying across states, sectors, and revenue sources such as general obligation and revenue bonds to help moderate credit and sector concentration risks. The portfolio is broadly diversified, holding several hundred issues, and pays income on a monthly basis. The Class C share class features ongoing distribution and service fees under a 12b‑1 arrangement and carries a higher net expense ratio relative to some other share classes, with automatic conversion to Class A after eight years as disclosed in fund documents. As a core tax‑exempt option, the fund’s role in the market is to provide federally tax‑advantaged income and intermediate duration exposure to the U.S. municipal bond market for taxable investors seeking diversified access to public‑finance credits.