Mutual Fund Insights: Lord Abbett PA Tax-Free Income F Fund (LAPFX)

In-depth Analysis of Lord Abbett PA Tax-Free Income F Fund (LAPFX)

3 months 6 months 1 year 3 year 5 year

See Lord Abbett PA Tax-Free Income F Fund (LAPFX) performance details as of February 28, 2010

  

Last Trade: $5.00 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Daniel S. Scott Solender

Fund Manager Tenure: 3.1 years   [Similar Funds: LAPAX ]
Fundmojo Fund Grade: C (Score: 0.54)     (What does this score mean?)

Daniel S. Scott Solender is director of municipal bond management of Lord Abbett, his employer since 2006. Previously, Daniel S. Scott Solender served as a vice president and portfolio manager at Nuveen Investments from 1991 to 1999 and 2003 to 2006. Daniel S. Scott Solender served as principal and portfolio manager at Vanguard Group from 1999 to 2003. Daniel S. Scott Solender has been in the investment business since 1987. Daniel S. Scott Solender holds the Chartered Financial Analyst designation.  Get more insights on Daniel S. Scott Solender

  

 What we like about Lord Abbett PA Tax-Free Income F Fund (LAPFX)

Data for Lord Abbett PA Tax-Free Income F Fund (LAPFX) as of February 28, 2010

• Lord Abbett PA Tax-Free Income F Fund (LAPFX) management has been with Lord Abbett PA Tax-Free Income F Fund for 3.1 years
• Lord Abbett PA Tax-Free Income F Fund (LAPFX) has good short-term performance (1-year return 12.80% vs 12.02 % Muni Pennsylvania category average)
• Lord Abbett PA Tax-Free Income F Fund (LAPFX) has a Morningstar rating of 4 and above
• Lord Abbett PA Tax-Free Income F Fund (LAPFX) has an annual stock turnover rate of 19.15% vs Muni Pennsylvania average of 19.70%. It is good that Lord Abbett PA Tax-Free Income F management does not trade extensively for its return.
• Lord Abbett PA Tax-Free Income F Fund (LAPFX) has a lower management fee than its Muni Pennsylvania average: 0.73% vs 1.08%

  

 What we are cautious about Lord Abbett PA Tax-Free Income F Fund (LAPFX)

Data for Lord Abbett PA Tax-Free Income F Fund (LAPFX) as of February 28, 2010

• Lord Abbett PA Tax-Free Income F Fund (LAPFX) has a less-than-ideal mid-term performance (3-year return 2.73% vs 2.82 % Muni Pennsylvania category average)
• Lord Abbett PA Tax-Free Income F Fund (LAPFX) has a less-than-ideal Long-term performance (5-year return 3.14% vs 3.31 % Muni Pennsylvania category average)
• Lord Abbett PA Tax-Free Income F Fund (LAPFX) ratio of up-years vs down years can be improved
• Lord Abbett PA Tax-Free Income F Fund (LAPFX) is less safe compared to its Muni Pennsylvania peers
• Lord Abbett PA Tax-Free Income F Fund (LAPFX) does not have a good risk adjusted return as its 3-year Alpha of -2.1 is worse than category average of -1.77, and its 3-year Sharpe ratio is 0.15
• Lord Abbett PA Tax-Free Income F Fund (LAPFX) is more volatile than its peers as it has a 3-year Standard Deviation of 7.32 that is higher than category average of 6.98
• Even though Lord Abbett PA Tax-Free Income F Fund carries no load, it does have a 0.10% of 12b1 promotion, distributions, marketing expenses

See Lord Abbett PA Tax-Free Income F Fund (LAPFX) performance details as of February 28, 2010

  

  

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Lord Abbett PA Tax-Free Income F Fund (LAPFX) Net Asset

Track net asset change of Lord Abbett PA Tax-Free Income F fund (LAPFX)

Date	Net Asset
02/2010	$97.30M
01/2010	$440.00K
11/2009	$380.00K

More historic net asset information on Lord Abbett PA Tax-Free Income F Fund (LAPFX)

  

Lord Abbett PA Tax-Free Income F Fund (LAPFX) Portfolio Allocation

Track portfolio allocation change of Lord Abbett PA Tax-Free Income F fund (LAPFX)

Date	Cash	Stock	Bond	Other
09/2009	3.28%	0%	96.72%	0%
06/2009	0.64%	0%	99.36%	0%
04/2009	3.61%	0%	96.39%	0%

Click here to see more historic asset allocation information on Lord Abbett PA Tax-Free Income F Fund (LAPFX)

  

Most Recent Top 10 Holdings in Lord Abbett PA Tax-Free Income F Fund (LAPFX)

Discover what Lord Abbett PA Tax-Free Income F Fund (LAPFX) manager is buying

30-Sep-09 Gateway Pa Sch Dist 5% [5.04%] Pennsylvania St Tpk Commn Tpk Rev 5.625% [3.97%] Pennsylvania Hsg Fin Agy Singl Sin 4.85% [3.31%] Philadelphia Pa Go Ref Bd 5.25% [2.85%] Philadelphia Pa Sch Dist 5.25% [2.61%] Philadelphia Pa Gas Wks Rev Gas Wks R 7% [2.5%] West Mifflin Pa Area Sch Dist 5.375% [1.81%] York Pa Gen Auth 5.5% [1.75%] Luzerne Cnty Pa Go Bds 5% [1.74%] Allegheny Cnty Pa Higher Ed Bl Rev Bd 5% [1.69%]

30-Jun-09 Gateway Pa Sch Dist 5% [5.04%] Pennsylvania St Tpk Commn Tpk Rev 5.625% [3.97%] Pennsylvania Hsg Fin Agy Singl Sin 4.85% [3.31%] Philadelphia Pa Go Ref Bd 5.25% [2.85%] Philadelphia Pa Sch Dist 5.25% [2.61%] Philadelphia Pa Gas Wks Rev Gas Wks R 7% [2.5%] West Mifflin Pa Area Sch Dist 5.375% [1.81%] York Pa Gen Auth 5.5% [1.75%] Luzerne Cnty Pa Go Bds 5% [1.74%] Allegheny Cnty Pa Higher Ed Bl Rev Bd 5% [1.69%]

30-Apr-09 Gateway Pa Sch Dist 5% [5.2%] Pennsylvania St Tpk Commn Tpk Rev 5.625% [4.11%] Philadelphia Pa Sch Dist 5.25% [4.09%] Pennsylvania Hsg Fin Agy Singl Sin 4.85% [3.44%] Philadelphia Pa Go Ref Bd 5.25% [2.97%] Philadelphia Pa Gas Wks Rev Gas Wks R 7% [2.63%] West Mifflin Pa Area Sch Dist 5.375% [1.87%] York Pa Gen Auth 5.5% [1.82%] Luzerne Cnty Pa Go Bds 5% [1.8%] Allegheny Cnty Pa Higher Ed Bl Rev Bd 5% [1.78%]

Click here for Stock Holding Change Map in Lord Abbett PA Tax-Free Income F Fund (LAPFX)

  

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See more information on Lord Abbett PA Tax-Free Income F Fund (LAPFX)

• Lord Abbett PA Tax-Free Income F Fund Insights
• Lord Abbett PA Tax-Free Income F Fund Performance Data
• Lord Abbett PA Tax-Free Income F Fund News
• Lord Abbett PA Tax-Free Income F Fund Score Explaination
• Lord Abbett PA Tax-Free Income F Fund Manager Information
• Historic Lord Abbett PA Tax-Free Income F Fund Asset Allocation Report
• Historic Lord Abbett PA Tax-Free Income F Fund Top 10 Holding Tracking
• Historic Lord Abbett PA Tax-Free Income F Fund Asset Under Management Tracking