Lord Abbett Intermediate Tax- Free Cl I (LAIIX)

LAIIX is a mutual fund offered by Lord Abbett that focuses on providing investors with tax-free income through intermediate-term municipal bonds. This fund is classified as a Class I fund, meaning it is designed for institutional investors and has a higher minimum investment requirement. The fund's objective is to provide a steady stream of tax-free income while also preserving capital. It primarily invests in investment-grade municipal bonds with maturities ranging from 3 to 10 years. This fund may be a suitable option for investors looking for tax-efficient income and a moderate level of risk.