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Lord Abbett AMT Free Municipal Bond I (LMCIX) Fund Ranking and Research

Ranking, Research and Recommendation of Lord Abbett AMT Free Municipal Bond I (LMCIX) Fund

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Graph of Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) ManagerFund Manager - Daniel S. Solender

Fund Manager Information

Fund Manager Tenure: 8.8 years
Fund Family: Lord Abbett
Fund Category: Muni National Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.54)     (What does this score mean?)
Mr. Solender is the lead portfolio manager of the municipal bond capabilities. Mr. Solender joined Lord Abbett in 2006 and was named Partner in 2008. His prior experience includes: Vice President and Portfolio Manager at Nuveen Investments; Principal and Portfolio Manager at Vanguard Group; Assistant Vice President and Portfolio Manager at Nuveen Advisory Corp.; Financial Analyst/Assistant Manager, Research and Product Development at Citibank. Mr. Solender received a BA from Columbia University and an MBA from the University of Chicago. He is the holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.  Get more insights on Daniel S. Solender

 

Graph of Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) ProfileLord Abbett AMT Free Municipal Bond I Fund (LMCIX) Profile

Fund Profile and Description

Lord Abbett AMT Free Municipal Bond I Fund seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. Lord Abbett AMT Free Municipal Bond I Fund invests at least 80% of net assets in municipal bonds, the interest on which is exempt from federal income tax. It primarily invests in investment grade municipal bonds rated, BBB/Baa or higher. Lord Abbett AMT Free Municipal Bond I Fund may invest up to 35% of net assets in below investment grade municipal bonds. It will not invest in municipal bonds that pay interest that is subject to the federal alternative minimum tax. The Advisers intend to maintain the average weighted stated maturity of the fund at between 10 and 25 years.

 

Lord Abbett AMT Free Municipal Bond I (LMCIX) Fund Strength What we like about Lord Abbett AMT Free Municipal Bond I (LMCIX) Fund

Data for Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) as of May 30, 2016

  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) management has been with Lord Abbett AMT Free Municipal Bond I Fund for 8.8 years
  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) has good short-term performance (1-year return 6.58% vs 5.73% Muni National Long category median performance)
  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) has good Long-term performance (5-year return 6.40% vs 5.50% Muni National Long category median performance)
  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) ratio of up-years vs down years is greater than 2
  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) has a Morningstar rating of 4 and above
  • Asset base in Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) has an annual stock turnover rate of 20.67% vs Muni National Long average of 21.44%. It is good that Lord Abbett AMT Free Municipal Bond I management does not trade extensively for its return.
  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) has a lower expense ratio than its Muni National Long average: 0.40% vs 0.86%
  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) Weakness What we are cautious about Lord Abbett AMT Free Municipal Bond I (LMCIX) Fund

Data for Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) as of May 30, 2016

  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) has a less-than-ideal mid-term performance (3-year return 3.73% vs 3.84% Muni National Long category median performance)
  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) is less safe compared to its Muni National Long peers
  • Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.89 that is higher than category average of 4.16
See Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) performance details as of May 30, 2016

 

What do you think?

 

Compare Lord Abbett AMT Free Municipal Bond I Fund (LMCIX)Compare with other top Muni National Long category mutual funds

Aadditional top Muni National Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Lord Abbett AMT Free Municipal Bond I3.576.583.736.40
Columbia AMT-Free Tax-Exempt Bond A (INTAX)3.116.984.916.56Compare
Nuveen All-American Municipal Bond I (FAARX)3.607.045.187.16Compare
T. Rowe Price Summit Municipal Inc (PRINX)3.126.564.576.13Compare

See top fund managers for Muni National Long Category Funds

 

Compare Lord Abbett AMT Free Municipal Bond I Fund (LMCIX)Compare with Muni National Long category ETFs

Some Muni National Long ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Long Municipal ETF (MLN)000
SPDR Nuveen Barclays Municipal Bond ETF (TFI)000
Market Vectors CEF Municipal Income ETF (XMPT)000

 

Graph of Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) Net Asset TrackingLord Abbett AMT Free Municipal Bond I (LMCIX) Fund Net Asset

Track net asset change of Lord Abbett AMT Free Municipal Bond I fund (LMCIX)

DateNet Asset
05/2016$232.53M
03/2016$204.46M
02/2016$198.22M
More historic net asset information on Lord Abbett AMT Free Municipal Bond I Fund (LMCIX)

  

Graph of Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) Portfolio TrackingLord Abbett AMT Free Municipal Bond I (LMCIX) Fund Portfolio Allocation

Track portfolio allocation change of Lord Abbett AMT Free Municipal Bond I fund (LMCIX)

DateCashStockBondOther
03/20161.08%0%98.81%0.11%
12/20150.87%0%99.01%0.12%
09/20151.58%0%98.29%0.13%
Click here to see more historic asset allocation information on Lord Abbett AMT Free Municipal Bond I Fund (LMCIX)

 

graph of Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) Top 10 Position TrackingTop 10 Holdings in Lord Abbett AMT Free Municipal Bond I (LMCIX) Fund

Discover what Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) manager is buying

Mar 30, 2016
Norfolk Va Wtr Rev Rev And R 0.03% [0.94%]
Central Tex Regl Mobility Auth 5% [0.83%]
New Orleans La Wtr Rev Rev Bds 5% [0.83%]
South Carolina St Pub Svcs Aut Rev 5.25% [0.76%]
Beaver Cnty Pa Indl Dev Auth 2.7% [0.73%]
Golden St Tob Securitization C Tob 5.75% [0.73%]
Jefferson Cnty Ala Swr Rev Swr Rev 5.5% [0.72%]
Erie Cnty Ny Indl Dev Agy Sch Rev Ref 5% [0.68%]
San Joaquin Hills Calif Transn Sr Lie 5% [0.67%]
Arizona Health Facs Auth 5.5% [0.67%]

Dec 30, 2015
Norfolk Va Wtr Rev Rev And R 0.03% [1.04%]
Las Vegas Valley Nev Wtr Dist 0.25% [1%]
New Orleans La Wtr Rev Rev Bds 5% [0.94%]
South Carolina St Pub Svcs Aut Rev 5.25% [0.85%]
Beaver Cnty Pa Indl Dev Auth 2.7% [0.82%]
Jefferson Cnty Ala Swr Rev Swr Rev 5.5% [0.81%]
Golden St Tob Securitization C Tob 5.75% [0.78%]
Arizona Health Facs Auth 5.5% [0.77%]
Erie Cnty Ny Indl Dev Agy Sch Rev Ref 5% [0.77%]
Texas Transn Commn Cent Tex Tp Ref 0.1% [0.76%]

Sep 29, 2015
Norfolk Va Wtr Rev Rev And R 0.03% [1.17%]
Beaver Cnty Pa Indl Dev Auth 2.7% [0.92%]
Arizona Health Facs Auth 5.5% [0.87%]
Erie Cnty Ny Indl Dev Agy Sch Rev Ref 5% [0.87%]
San Joaquin Hills Calif Transn Sr Lie 5% [0.83%]
Railsplitter Tob Settlement Au Tobacc 6% [0.81%]
North Tex Twy Auth 6% [0.77%]
Nassau Cnty N Y Loc Econ A Rev Bds 5% [0.76%]
San Buenaventura Calif Rev Rev Bds 8% [0.76%]
Los Angeles Calif Uni Sch Dist 5% [0.74%]
Click here for Stock Holding Change Map in Lord Abbett AMT Free Municipal Bond I Fund (LMCIX)

  

Latest News on Lord Abbett AMT Free Municipal Bond I (LMCIX) Fund

See what is happening with Lord Abbett AMT Free Municipal Bond I Fund (LMCIX)

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Lord Abbett AMT Free Municipal Bond I Fund (LMCIX) Related ResourcesSee more information on Lord Abbett AMT Free Municipal Bond I (LMCIX) Fund

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