LONSX

About LONSX

Lord Abbett National Tax Free Fund Class F3 is a mutual fund focused on generating a high level of federally tax-exempt income by primarily investing in investment grade municipal bonds. Managed by an experienced investment team, the fund maintains a diversified portfolio of municipal securities issued by various U.S. state and local governments. Notably, it may allocate up to 20% of its assets to securities subject to the federal alternative minimum tax, providing the potential for enhanced yield diversification. With a monthly dividend distribution schedule and an average effective maturity of approximately 20 years, the fund is structured to offer investors stable, tax-advantaged income streams. The net expense ratio is competitively low for its class, supporting efficient cost management for shareholders. Lord Abbett National Tax Free Fund Class F3 plays a significant role for investors seeking tax-exempt income, especially those impacted by higher federal tax brackets, and serves as a core holding within the municipal bond sector of the broader fixed income market.