Lord Abbett is a renowned global asset manager that seeks to come up with a successful investment performance on behalf of its clients for the long run. The company aims to provide a wide variety of financial products and services to fulfill the needs of investors. The three key factors that have added to Lord Abbett’s success are its independent perspective, smart product design, and dedication to active management.
This New Jersey-based company was founded in November 1929 and had around $252 billion in assets under management as of Sep 30, 2021. The company has about 746 employees and 161 investment professionals dedicated to addressing its clients’ needs. Lord Abbett deals in 59 mutual funds investing in not only domestic and global stocks but also in fixed-income, tax-free income, and multi-asset securities.
Below we share with you three top-ranked Lord Abbett mutual funds, namely Lord Abbett Global Equity Research Fund Class A LGCAX, Lord Abbett Short Duration Income Fund Class F LDLFX and Lord Abbett New Jersey Tax Free Fund LINJX. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Lord Abbett Global Equity Research Fund Class A seeks capital appreciation by investing the majority of its net assets in equity securities of companies irrespective of their nationality or market cap. LGCAX maintains a diversified portfolio.
Lord Abbett Global Equity Research Fund Class A has three-year annualized returns of 12.8%. As of January 2022, LGCAX held 5.6% of its assets invested in Microsoft Corp.
Lord Abbett Short Duration Income Fund Class F seeks high income consistent with capital preservation, investing primarily in short-duration debt or fixed-income securities. LDLFX invests the majority of its assets in investment-grade debt securities.
Lord Abbett Short Duration Income Fund Class F has a three-year annualized return of 0.9%. LDLFX has an expense ratio of 0.48% compared with the category average of 0.68%.
Lord Abbett New Jersey Tax Free Fund uses the the Bloomberg Municipal Bond Index as its reference of reasonable risk. LINJX, a non-diversified fund, invests the majority of its net assets in municipal bonds that pay interest exempt from federal income tax and New Jersey personal income tax.
Lord Abbett New Jersey Tax Free Fund has a three-year annualized return of 0.3%. Philip Herman has been one of the fund managers of LINJX since 2011.
To view the Zacks Rank and the past performance of all Lord Abbett mutual funds, investors can click here to see the complete list of Lord Abbett mutual funds.
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