Lord Abbett tweaks portfolio management of two municipal funds

By Toni Weeks

San Luis Obispo, Calif., May 2 - Lord Abbett Municipal Income Fund announced changes to the portfolio management team for two of its municipal funds, according to a 497 filing with the Securities and Exchange Commission.

Daniel S. Solender is primarily responsible for the day-to-day management of the California Tax Free Fund and the High Yield Municipal Bond Fund. Paul A. Langlois is no longer a portfolio manager of either fund.

Jersey City-based Lord Abbett & Co. LLC is the investment adviser to the funds.

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