Lord Abbett is a renowned global asset manager that seeks to come up with a successful investment performance on behalf of its clients for the long run. The company aims to provide a wide variety of financial products and services to fulfill the needs of its investors. The three key factors that have added to Lord Abbett’s success are its independent perspective, smart product design and dedication to active management.This New Jersey-based company was founded in November 1929 and had around $235 billion in assets under management as of May 21, 2021. The company has about 746 employees and 161 investment professionals dedicated to address its clients’ needs. Lord Abbett deals in 59 mutual funds investing in not only domestic and global stocks but also in fixed-income, tax-free income and multi-asset securities.Below we share with you three top-ranked Lord Abbett mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of funds.Lord Abbett Short Duration Income Fund Class F LDLFX aims for a high level of income that is on par with preservation of capital. The fund invests the majority of its assets in investment grade debt securities that include corporate debt securities of U.S. issuers, corporate debt securities of non-U.S. issuers that are denominated in U.S. dollars as well as mortgage-backed, mortgage-related, and other asset-backed securities. LDLFX has returned 3.5% in the past three years.LDLFX has an expense ratio of 0.49% compared with the category average of 0.72%.Lord Abbett Bond Debenture Fund Class A LBNDX seeks high current income and aims for capital appreciation to produce a high total return. The fund invests a bulk of its assets in fixed income securities, including debentures and bonds. The fund may also invest heavily in high-yield securities or junk bonds. LBNDX may invest around one-fifth of its assets in various kinds of equity securities. LBNDX has three-year annualized returns of 6.8%.As of the end of March 2021, LBNDX held 990 issues with 0.68% of its assets invested in Shake Shack Inc A.Lord Abbett National Tax Free Fund Class A LANSX seeks to maximize income that is exempted from federal income tax. Therefore, the fund invests majority of assets in municipal bonds that offer interest exempted from federal income tax. LANSX has a three-year annualized return of 5.9%.Daniel S. Solender is one of the fund managers of LANSX since 2006.To view the Zacks Rank and past performance of all Lord Abbett mutual funds, investors can click here to see the complete list of funds.Want key mutual fund info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (LANSX): Fund Analysis Report Get Your Free (LBNDX): Fund Analysis Report Get Your Free (LDLFX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report