Lord Abbett Short Duration Tax Free Fund (LISDX)
The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. In pursuing its investment objective, the fund uses the volatility of the Bloomberg Municipal Bond Short 1-5 Year Index as an approximation of reasonable risk. Under normal conditions, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax.
Fund Info
US5439127375
Dec 30, 2008
$1,000,000
Expense Ratio
LISDX features an expense ratio of 0.45%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lord Abbett Short Duration Tax Free Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Lord Abbett Short Duration Tax Free Fund had a return of 0.50% year-to-date (YTD) and 3.59% in the last 12 months. Over the past 10 years, Lord Abbett Short Duration Tax Free Fund had an annualized return of 1.34%, while the S&P 500 had an annualized return of 11.29%, indicating that Lord Abbett Short Duration Tax Free Fund did not perform as well as the benchmark.
LISDX
0.50%
0.57%
1.34%
3.59%
0.98%
1.34%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of LISDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.50% | 0.50% | |||||||||||
| 2024 | 0.30% | 0.32% | -0.13% | 0.11% | 0.13% | 0.47% | 0.97% | 0.40% | 0.91% | -0.53% | 0.72% | -0.34% | 3.38% |
| 2023 | 1.27% | -1.01% | 1.05% | -0.33% | -0.08% | 0.49% | 0.22% | -0.09% | -0.74% | 0.30% | 1.54% | 0.67% | 3.32% |
| 2022 | -1.50% | -0.42% | -1.46% | -1.25% | 0.73% | -0.42% | 0.86% | -0.80% | -1.45% | -0.11% | 1.44% | 0.32% | -4.03% |
| 2021 | 0.54% | -0.66% | 0.33% | 0.41% | 0.00% | 0.24% | 0.25% | -0.09% | -0.36% | -0.25% | 0.29% | 0.01% | 0.71% |
| 2020 | 0.85% | 0.60% | -3.02% | -0.56% | 1.50% | 0.90% | 0.90% | 0.11% | -0.01% | -0.02% | 0.55% | 0.42% | 2.17% |
| 2019 | 0.49% | 0.39% | 0.62% | 0.24% | 0.69% | 0.42% | 0.49% | 0.67% | -0.47% | 0.23% | 0.22% | 0.22% | 4.28% |
| 2018 | -0.14% | -0.01% | -0.00% | -0.11% | 0.53% | 0.21% | 0.21% | 0.09% | -0.23% | -0.16% | 0.43% | 0.49% | 1.31% |
| 2017 | 0.62% | 0.37% | 0.04% | 0.37% | 0.49% | -0.15% | 0.37% | 0.36% | -0.21% | -0.02% | -0.59% | 0.25% | 1.91% |
| 2016 | 0.55% | 0.24% | -0.21% | 0.30% | -0.08% | 0.43% | 0.29% | -0.03% | -0.21% | -0.21% | -1.68% | 0.17% | -0.46% |
| 2015 | 0.66% | -0.27% | -0.03% | -0.09% | -0.15% | 0.10% | 0.23% | 0.04% | 0.24% | 0.23% | -0.08% | 0.04% | 0.91% |
| 2014 | 0.44% | 0.51% | -0.27% | 0.31% | 0.30% | -0.08% | 0.16% | 0.29% | -0.02% | 0.23% | 0.04% | -0.16% | 1.78% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 91, LISDX is among the top 9% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett Short Duration Tax Free Fund (LISDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Short Duration Tax Free Fund provided a 3.05% dividend yield over the last twelve months, with an annual payout of $0.46 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $0.39 | $0.25 | $0.19 | $0.25 | $0.32 | $0.27 | $0.20 | $0.20 | $0.19 | $0.21 |
Dividend yield | 3.05% | 3.06% | 2.59% | 1.66% | 1.22% | 1.57% | 2.00% | 1.75% | 1.31% | 1.29% | 1.22% | 1.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Short Duration Tax Free Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.39 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.25 |
| 2021 | $0.04 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.19 |
| 2020 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.32 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.27 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2015 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett Short Duration Tax Free Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lord Abbett Short Duration Tax Free Fund was 6.56%, occurring on Mar 20, 2020. Recovery took 170 trading sessions.
The current Lord Abbett Short Duration Tax Free Fund drawdown is 0.26%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.56% | Mar 10, 2020 | 9 | Mar 20, 2020 | 170 | Nov 19, 2020 | 179 |
| -6.37% | Aug 6, 2021 | 311 | Oct 25, 2022 | 427 | Jul 1, 2024 | 738 |
| -2.24% | Aug 25, 2016 | 69 | Dec 1, 2016 | 127 | Jun 6, 2017 | 196 |
| -1.64% | May 6, 2013 | 36 | Jun 25, 2013 | 170 | Feb 27, 2014 | 206 |
| -1.06% | Sep 12, 2017 | 56 | Nov 29, 2017 | 167 | Jul 31, 2018 | 223 |
Volatility
Volatility Chart
The current Lord Abbett Short Duration Tax Free Fund volatility is 0.41%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.