LTNIX Fees and Costs — Lord Abbett National Tax-Free Income Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 0.60%: a 0.38% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 36%.
LTNIX Fees and Expenses
Annual operating expenses and sales charges of LTNIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LTNIX Costs Over Time
On $10,000 invested in LTNIX, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.60%) | $63 | $197 | $344 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
LTNIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $6.2B
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
LTNIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $1.2B | 20.58% |
| Wells Fargo Securities, LLC | $873.4M | 15.45% |
| J.P. Morgan Securities LLC | $766.0M | 13.55% |
| Goldman Sachs & Co. LLC | $634.0M | 11.22% |
| BofA Securities, Inc. | $614.6M | 10.87% |
| BNY Capital Markets, LLC | $433.3M | 7.67% |
| Jefferies LLC | $428.0M | 7.57% |
| RBC Capital Markets, LLC | $282.7M | 5.00% |
| Morgan Stanley & Co. LLC | $251.6M | 4.45% |
| Raymond James & Associates, Inc. | $205.0M | 3.63% |
Lord Abbett National Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LONSX | Class F3 | 0.56% | none |
| LTNIX | Class I | 0.60% | none |
| LANFX | Class F | 0.70% | none |
| LANSX | Class A | 0.80% | 2.25% |
| LTNSX | Class C | 1.42% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.