Lord Abbett Intermediate Tax Free Fund Q1 2026 Commentary
2026-05-21·via All Articles on Seeking Alpha
Summary
Lord Abbett Intermediate Tax Free Fund returned -0.16%, reflecting performance at NAV of class I Shares with all distributions reinvested, for the quarter ending March 31, 2026.
Municipal yields rose across the curve with the largest increases occurring in intermediate and longer maturities.
Municipal issuance was robust during the first quarter and is on pace to surpass 2025's levels.