Lord Abbett Earns Number-One Spot for Tax-Exempt Bond in Barron’s Annual Ranking; Continues Unmatched Record with 7th Top-Five Ranking in the Last Nine Years in Taxable Bond Category
Ranked #1 in Tax-Exempt Bond, #5 in Taxable Bond (ranked in the top five for the 7th time in the past nine years), and #14 overall in Barron’s/Lipper Annual Ranking among 55 fund families
Lord Abbett achieved the #1 ranking in the Tax-Exempt Bond1 category for the one-year performance ended December 31, 2019, among 55 qualifying firms in the Barron’s/Lipper Annual Fund Family Ranking, published on February 14, 2020. Also notably, the firm ranked #5 in the Taxable Bond2 category, totaling seven appearances in the top five in this category in the last nine years2, exceeding other ranked competitors. The firm was also ranked #5 in the Mixed Asset3 category and #14 overall.4
Reflecting on Lord Abbett’s strong rankings, Douglas B. Sieg, Managing Partner, said, “Once again, we are extremely proud of our investment professionals. Our number-one ranking in the Tax-Exempt category is a testament to the strengths of our municipal bond team. The latest top-five ranking in the Taxable Bond category earned by our taxable fixed income team demonstrates their noteworthy ability to deliver consistent performance. And we are equally proud of our top-five ranking in the Mixed Asset category, which further validates our rigorous, team-based approach as a firm that is investment-led and investor-focused.”
1 Barron’s “Top Fund Families of 2019,” #1 in the Tax-Exempt Bond category among 55 fund families. Based on the net total return of the one-year period ending 12/31/2019.
2 Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019.
Barron’s Best Mutual Fund Families, March 11, 2019, #21 in the Taxable Bond Category among 57 fund families. Based on the net total return of the one−year period ending 12/31/2018.
Barron’s Best Mutual Fund Families, March 10, 2018, #3 in the Taxable Bond Category among 59 fund families. Based on the net total return of the one-year period ending 12/31/2017.
Barron’s Best Mutual Fund Families, February 11, 2017, #1 in the Taxable Bond Category among 61 fund families. Based on the net total return of the one-year period ending 12/31/2016.
Barron’s Best Mutual Fund Families, February 6, 2016, #21 in the Taxable Bond Category among 67 fund families. Based on the net total return of the one-year period ending 12/31/2015.
Barron’s Best Mutual Fund Families, February 7, 2015, #1 in the Taxable Bond Category among 65 fund families. Based on the net total return of the one−year period ending 12/31/2014.
Barron’s Best Mutual Fund Families, February 8, 2014, #3 in the Taxable Bond Category among 64 fund families. Based on the net total return of the one−year period ending 12/31/2013.
Barron’s Best Mutual Fund Families, February 11, 2013, #2 in the Taxable Bond Category among 62 fund families. Based on the net total return of the one−year period ending 12/31/2012.
Barron’s Best Mutual Fund Families, February 6, 2012, #4 in the Taxable Bond Category among 58 fund families. Based on the net total return of the one−year period ending 12/31/2011.
3 Barron’s “Top Fund Families of 2019,” #5 in the Mixed Asset category for the one-year performance ended December 31, 2019, among 55 qualifying firms.
4 Barron's “Top Fund Families of 2019,” #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.
Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.
© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.
Past performance does not guarantee future results.
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Shares of Lord Abbett mutual funds are not FDIC insured, nor are they deposits of or guaranteed by a bank or any other entity. Investments in mutual funds involve investment risks, including the possible loss of the principal amount invested.
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