Short Duration High Income Municipal Bond Fund
Effective November 1, 2021 the Lord Abbett Short Duration High Yield Municipal Bond Fund changed its name to Lord Abbett Short Duration High Income Municipal Bond Fund. There was no change to the Fund’s investment strategy.
Daily price w/o sales charge as of 03/27/2024
$14.18
$0.00
YTD Returns w/o sales charge as of 03/27/2024
1.52%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.70% | 3.67% |
Average Yield to Worst as of 02/29/2024 |
5.04% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.
Fund Basicsas of 02/29/2024
- Total Net Assets
- $1.17 B
- Inception Date
- 06/15/2015
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.71%
- Fund Net Expense Ratio
- 0.65%
- Number of Holdings
- 327
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 1.02% | 4.20% | -0.53% | 1.41% | - | 2.07% |
Lipper Category Avg. High Yield Municipal Debt Funds | 0.99% | 6.74% | -0.63% | 1.93% | - | - |
w/ sales charge | -1.22% | 1.89% | -1.28% | 0.95% | - | 1.80% |
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 4.19% | 4.19% | -0.55% | 1.47% | - | 1.99% |
Lipper Category Avg. High Yield Municipal Debt Funds | 6.67% | 6.67% | -0.86% | 1.97% | - | - |
w/ sales charge | 1.87% | 1.87% | -1.30% | 1.00% | - | 1.72% |
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
Sector | Assets |
---|---|
IDR/PCR | |
Healthcare/Hospital | |
Special Tax | |
GO Local | |
Transportation | |
Education | |
GO State | |
Other | |
VRDN | |
Pre-Refunded | |
Lease | |
Water & Sewer | |
Housing | |
Power |
The Fund's portfolio is actively managed and is subject to change.
Maturity | Assets |
---|---|
<1 Year | |
1-5 Years | |
5-10 Years | |
10-15 Years | |
15-20 Years | |
20-25 Years | |
>30 Years |
The Fund's portfolio is actively managed and is subject to change.
CREDIT QUALITY DISTRIBUTION as of 02/29/2024
Rating | Assets |
---|---|
A-3/MIG3 | |
AAA | |
AA | |
A | |
BBB | |
BB | |
B | |
< B | |
Not Rated |
Ratings provided by Standard & Poor's, Moody's, and Fitch. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. For a security with both a short-term and a long-term rating, Lord Abbett has categorized the security in the chart above using its short-term rating only. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities are not rated. A-1/MIG1, A-2/MIG2 and A-3/MIG3 designations denote securities with less than a three-year maturity as well as superior (A-1/MIG1), strong (A-2/MIG2) and favorable (A-3/MIG3) credit quality. The credit quality breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Credit quality allocation reflects market value weightings.
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Performance
Performance
Average Yield to Worst as of 02/29/2024
30-Day Standardized Yield 1 as of 02/29/2024
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.70% | 3.67% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 1.02% | 4.20% | -0.53% | 1.41% | - | 2.07% |
Lipper Category Avg. High Yield Municipal Debt Funds | 0.99% | 6.74% | -0.63% | 1.93% | - | - |
w/ sales charge | -1.22% | 1.89% | -1.28% | 0.95% | - | 1.80% |
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 4.19% | 4.19% | -0.55% | 1.47% | - | 1.99% |
Lipper Category Avg. High Yield Municipal Debt Funds | 6.67% | 6.67% | -0.86% | 1.97% | - | - |
w/ sales charge | 1.87% | 1.87% | -1.30% | 1.00% | - | 1.72% |
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
Year | Fund Returns |
---|
2023 | 4.19% |
2022 | -9.29% |
2021 | 4.08% |
2020 | 2.15% |
2019 | 7.05% |
2018 | 2.10% |
2017 | 5.30% |
2016 | -0.20% |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | - | - | - | - |
2023 | 1.67% | 0.56% | -1.34% | 3.29% |
2022 | -6.04% | -3.61% | -2.17% | 2.37% |
2021 | 1.47% | 2.16% | -0.20% | 0.61% |
2020 | -5.59% | 3.04% | 1.77% | 3.18% |
2019 | 2.48% | 1.98% | 1.54% | 0.88% |
2018 | 0.41% | 0.81% | 0.42% | 0.45% |
2017 | 2.06% | 1.75% | 1.45% | -0.05% |
2016 | 1.41% | 1.90% | 0.69% | -4.08% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 02/29/2024
The chart begins on the Fund's inception date of 06/15/2015.
Based on a hypothetical Class A share investment of $10,000 on 06/15/2015 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Sector | Assets |
---|---|
IDR/PCR | |
Healthcare/Hospital | |
Special Tax | |
GO Local | |
Transportation | |
Education | |
GO State | |
Other | |
VRDN | |
Pre-Refunded | |
Lease | |
Water & Sewer | |
Housing | |
Power |
The Fund's portfolio is actively managed and is subject to change.
Maturity | Assets |
---|---|
<1 Year | |
1-5 Years | |
5-10 Years | |
10-15 Years | |
15-20 Years | |
20-25 Years | |
>30 Years |
The Fund's portfolio is actively managed and is subject to change.
State | Assets |
---|---|
NY | |
IL | |
FL | |
TX | |
PA | |
CA | |
Puerto Rico | |
WI | |
AL | |
MD | |
WA | |
OH | |
GA | |
AZ | |
IA | |
NJ | |
CO | |
KY | |
OK | |
LA | |
MO | |
NV | |
RI | |
VA | |
TN | |
CT | |
SC | |
NH | |
UT | |
VT | |
MA | |
NE | |
Other U.S. Territories | |
IN | |
NM | |
ID | |
MI | |
MS | |
WV | |
KS | |
DC | |
AS | |
NC |
The Fund's portfolio is actively managed and is subject to change.
CREDIT QUALITY DISTRIBUTION as of 02/29/2024
Rating | Assets |
---|---|
A-3/MIG3 | |
AAA | |
AA | |
A | |
BBB | |
BB | |
B | |
< B | |
Not Rated |
Ratings provided by Standard & Poor's, Moody's, and Fitch. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. For a security with both a short-term and a long-term rating, Lord Abbett has categorized the security in the chart above using its short-term rating only. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities are not rated. A-1/MIG1, A-2/MIG2 and A-3/MIG3 designations denote securities with less than a three-year maturity as well as superior (A-1/MIG1), strong (A-2/MIG2) and favorable (A-3/MIG3) credit quality. The credit quality breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Credit quality allocation reflects market value weightings.
Portfolio Details as of 02/29/2024
- Total Net Assets
- $1.17 B
- Average Effective Duration
- 3.23 Years
- Average Effective Maturity
- 7.0 Years
- Number of Issues
- 327
- Average Yield to Worst
- 5.04%
To view definitions for the above Portfolio Details, Click here.
Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.
Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.
Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.
Holding | Coupon | Maturity | Assets |
---|
Southeast Alabama Gas Supply District/The | 5.000% | 07/24/2054 | 1.9% |
Main Street Natural Gas Inc | 4.000% | 10/31/2027 | 1.7% |
New York Transportation Development Corp | 4.000% | 09/29/2030 | 1.5% |
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.500% | 06/28/2034 | 1.3% |
Maryland Economic Development Corp | 5.750% | 08/31/2025 | 1.3% |
Commonwealth Of Puerto Rico | 5.750% | 06/29/2031 | 1.2% |
California Statewide Communities Development Autho | 5.250% | 11/28/2034 | 1.2% |
New York City Transitional Finance Authority Future Tax Secured Revenue | 5.000% | 04/02/2024 | 1.1% |
New York Transportation Development Corp | 5.000% | 07/30/2031 | 1.1% |
Berks County Municipal Authority/The | 5.000% | 02/01/2025 | 1.0% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
HOLDINGS as of01/31/2024
Holding | Coupon | Maturity | Assets |
---|
Main Street Natural Gas Inc | 4.000% | 10/31/2027 | 1.7% |
Pefa Inc | 5.000% | 08/24/2049 | 1.4% |
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.500% | 06/27/2034 | 1.4% |
New York Transportation Development Corp | 4.000% | 09/28/2030 | 1.3% |
Maryland Economic Development Corp | 5.750% | 08/30/2025 | 1.3% |
Commonwealth Of Puerto Rico | 5.750% | 06/28/2031 | 1.3% |
California Statewide Communities Development Autho | 5.250% | 11/27/2034 | 1.3% |
New York City Transitional Finance Authority Future Tax Secured Revenue | 5.000% | 04/02/2024 | 1.2% |
New York Transportation Development Corp | 5.000% | 07/29/2031 | 1.2% |
Berks County Municipal Authority/The | 5.000% | 01/27/2040 | 1.1% |
Washington State Convention Center Public Faciliti | 4.000% | 06/28/2031 | 1.0% |
Public Finance Authority | 5.000% | 11/29/2025 | 1.0% |
Allegheny County Industrial Development Authority | 5.125% | 04/28/2030 | 1.0% |
California Community Choice Financing Authority | 5.250% | 12/23/2053 | 0.9% |
Rhode Island Health And Educational Building Corp | 5.000% | 08/27/2036 | 0.9% |
Southeast Energy Authority A Cooperative District | 5.978% | 08/30/2029 | 0.9% |
Southwestern Illinois Development Authority | 5.750% | 07/26/2042 | 0.9% |
County Of Miami-Dade Fl Aviation Revenue | 5.000% | 09/27/2032 | 0.9% |
Mission Economic Development Corp | 4.625% | 09/28/2031 | 0.9% |
California Community Choice Financing Authority | 5.258% | 07/31/2028 | 0.9% |
Chicago Midway International Airport | 5.000% | 04/03/2024 | 0.9% |
Tuscaloosa County Industrial Development Authority | 4.500% | 04/28/2032 | 0.9% |
City & County Of Denver Co | 5.000% | 09/27/2032 | 0.8% |
New York Transportation Development Corp | 5.000% | 12/28/2035 | 0.8% |
Texas Municipal Gas Acquisition & Supply Corp Iv | 5.500% | 12/23/2053 | 0.8% |
Chandler Industrial Development Authority | 5.000% | 06/03/2024 | 0.8% |
Tennergy Corp/Tn | 5.500% | 09/22/2053 | 0.8% |
Citizens Memorial Hospital District | 5.000% | 11/30/2026 | 0.8% |
New York Liberty Development Corp | 5.150% | 11/11/2034 | 0.8% |
Iowa Finance Authority | 4.000% | 11/23/2050 | 0.8% |
City Of Scranton Pa | 5.000% | 05/15/2024 | 0.8% |
County Of Muskingum Oh | 5.000% | 02/11/2033 | 0.8% |
New Jersey Economic Development Authority | 5.250% | 09/12/2029 | 0.8% |
Public Finance Authority | 5.000% | 09/27/2034 | 0.8% |
Public Finance Authority | 4.000% | 06/27/2036 | 0.7% |
California Community Choice Financing Authority | 5.500% | 04/22/2054 | 0.7% |
City Of Chicago Il | 5.500% | 12/28/2032 | 0.7% |
Parish Of St James La | 6.100% | 05/27/2038 | 0.7% |
Chicago Board Of Education | 5.000% | 11/27/2034 | 0.7% |
Montgomery County Industrial Development Authority | 4.450% | 09/27/2034 | 0.7% |
Chicago Board Of Education | 5.250% | 11/27/2035 | 0.7% |
City Of New York Ny | 3.950% | 02/01/2024 | 0.7% |
Chicago Board Of Education | 5.000% | 11/27/2034 | 0.7% |
Niagara Area Development Corp | 3.500% | 10/31/2024 | 0.7% |
Wisconsin Health & Educational Facilities Authorit | 6.230% | 02/07/2024 | 0.7% |
County Of Washington Oh | 5.500% | 11/29/2027 | 0.7% |
Virginia Small Business Financing Authority | 5.000% | 12/28/2033 | 0.6% |
City Of Houston Tx Airport System Revenue | 5.000% | 06/28/2029 | 0.6% |
Tulsa Airports Improvement Trust | 5.000% | 05/28/2035 | 0.6% |
Sierra Vista Industrial Development Authority | 5.000% | 06/11/2033 | 0.6% |
State Of Illinois | 5.000% | 09/30/2024 | 0.6% |
Nassau County Tobacco Settlement Corp | 5.250% | 05/30/2026 | 0.6% |
Commonwealth Of Puerto Rico | 5.625% | 06/29/2027 | 0.6% |
Maryland Economic Development Corp | 5.000% | 11/09/2028 | 0.6% |
Kentucky Public Energy Authority | 5.250% | 03/23/2054 | 0.6% |
New Jersey Economic Development Authority | 5.750% | 09/13/2027 | 0.6% |
Florida Development Finance Corp | 3.000% | 05/29/2032 | 0.6% |
Southeast Alabama Gas Supply District/The | 5.000% | 07/23/2054 | 0.6% |
Jefferson County Port Authority/Oh | 5.000% | 11/22/2053 | 0.5% |
Tsasc Inc/Ny | 5.000% | 05/30/2025 | 0.5% |
New York Transportation Development Corp | 5.000% | 06/27/2034 | 0.5% |
Maryland Industrial Development Financing Authorit | 5.640% | 02/07/2024 | 0.5% |
Love Field Airport Modernization Corp | 5.000% | 10/29/2028 | 0.5% |
Vermont Economic Development Authority | 5.000% | 05/24/2052 | 0.5% |
Chicago Board Of Education | 5.000% | 11/27/2034 | 0.5% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/27/2033 | 0.5% |
Chicago Board Of Education Dedicated Capital Impro | 6.100% | 03/28/2036 | 0.5% |
California Municipal Finance Authority | 5.000% | 10/31/2026 | 0.5% |
Illinois Finance Authority | 7.375% | 08/26/2042 | 0.5% |
Chicago Board Of Education Dedicated Capital Impro | 5.750% | 03/28/2033 | 0.5% |
Washington Health Care Facilities Authority | 5.000% | 07/24/2049 | 0.5% |
Grays Harbor County Public Hospital District No 1 | 5.750% | 11/27/2033 | 0.5% |
Central Plains Energy Project | 5.000% | 04/22/2054 | 0.5% |
City Of New York Ny | 5.000% | 02/27/2032 | 0.5% |
Chicago Board Of Education | 5.250% | 11/27/2035 | 0.5% |
New York Transportation Development Corp | 5.000% | 12/30/2026 | 0.5% |
Central Texas Turnpike System | 5.000% | 08/09/2042 | 0.5% |
State Of Illinois | 5.250% | 01/29/2031 | 0.5% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/26/2040 | 0.5% |
Main Street Natural Gas Inc | 5.258% | 02/27/2031 | 0.4% |
Pennsylvania Turnpike Commission Registration Fee | 5.400% | 07/14/2026 | 0.4% |
City Of Sparks Nv | 2.750% | 06/13/2028 | 0.4% |
Henry County Hospital Authority | 5.000% | 06/30/2024 | 0.4% |
California Municipal Finance Authority | 4.000% | 07/12/2029 | 0.4% |
Chicago Board Of Education | 5.125% | 11/27/2032 | 0.4% |
City Of Henderson Ky | 3.700% | 12/29/2031 | 0.4% |
City Of Whiting In | 5.000% | 10/31/2024 | 0.4% |
City Of Farmington Nm | 3.900% | 05/27/2040 | 0.4% |
Clifton Higher Education Finance Corp | 5.250% | 08/14/2025 | 0.4% |
Wisconsin Health & Educational Facilities Authorit | 6.230% | 02/01/2024 | 0.4% |
Iowa Finance Authority | 6.750% | 05/11/2033 | 0.4% |
County Of Clark Nv | 2.100% | 05/29/2031 | 0.4% |
New York State Environmental Facilities Corp | 3.125% | 05/31/2026 | 0.4% |
Parish Of St James La | 5.850% | 07/26/2041 | 0.4% |
New York Transportation Development Corp | 5.000% | 07/30/2026 | 0.4% |
Commonwealth Of Puerto Rico | 4.000% | 06/27/2033 | 0.4% |
Metropolitan Transportation Authority | 5.250% | 11/10/2039 | 0.4% |
Military Installation Development Authority | 4.000% | 05/28/2036 | 0.4% |
California Public Finance Authority | 0.000% | 05/14/2028 | 0.4% |
Allentown Neighborhood Improvement Zone Developmen | 6.000% | 04/29/2031 | 0.4% |
Public Finance Authority | 9.000% | 10/29/2028 | 0.4% |
City Of Houston Tx Airport System Revenue | 6.500% | 07/12/2030 | 0.4% |
Academical Village Community Development District | 3.250% | 04/28/2031 | 0.4% |
New York Transportation Development Corp | 4.000% | 06/29/2031 | 0.3% |
Pennsylvania Economic Development Financing Author | 3.250% | 07/27/2039 | 0.3% |
County Of Miami-Dade Seaport Department | 5.000% | 09/27/2032 | 0.3% |
City Of Scranton Pa | 5.000% | 08/31/2027 | 0.3% |
Michigan Strategic Fund | 4.000% | 09/20/2061 | 0.3% |
Charlotte County Industrial Development Authority/ | 5.500% | 09/30/2025 | 0.3% |
Pennsylvania Economic Development Financing Author | 9.000% | 03/24/2051 | 0.3% |
California Community Choice Financing Authority | 5.250% | 10/23/2054 | 0.3% |
Village Metropolitan District/The | 4.150% | 11/28/2030 | 0.3% |
New Jersey Economic Development Authority | 5.000% | 09/30/2027 | 0.3% |
Florida Development Finance Corp | 6.125% | 06/28/2032 | 0.3% |
New York Transportation Development Corp | 6.000% | 03/28/2035 | 0.3% |
Northern Palm Beach County Improvement District | 5.000% | 07/28/2034 | 0.3% |
County Of Frederick Md | 5.000% | 08/28/2032 | 0.3% |
Clifton Higher Education Finance Corp | 5.250% | 08/12/2028 | 0.3% |
Clifton Higher Education Finance Corp | 6.000% | 08/10/2038 | 0.3% |
Commonwealth Of Puerto Rico | 0.000% | 10/27/2043 | 0.3% |
New Hampshire Business Finance Authority | 2.150% | 06/30/2024 | 0.3% |
New Hampshire Business Finance Authority | 2.950% | 03/30/2029 | 0.3% |
Port Beaumont Navigation District | 6.000% | 12/31/2024 | 0.3% |
Washington Health Care Facilities Authority | 5.000% | 09/26/2038 | 0.3% |
Public Finance Authority | 6.625% | 11/27/2032 | 0.3% |
Palomar Health | 5.000% | 10/29/2031 | 0.3% |
South Carolina Jobs-Economic Development Authority | 5.750% | 11/12/2029 | 0.3% |
City Of Seattle Wa Municipal Light & Power Revenue | 4.800% | 10/31/2026 | 0.3% |
South Carolina Jobs-Economic Development Authority | 5.250% | 11/12/2028 | 0.3% |
Tulsa Airports Improvement Trust | 5.500% | 05/28/2035 | 0.3% |
New York Liberty Development Corp | 5.375% | 11/09/2040 | 0.3% |
Florida Higher Educational Facilities Financial Au | 4.500% | 05/28/2033 | 0.3% |
Idaho Health Facilities Authority | 6.250% | 10/28/2035 | 0.3% |
Lakewood Ranch Stewardship District | 5.450% | 04/27/2033 | 0.3% |
City Of Chicago Il Waterworks Revenue | 5.000% | 10/30/2026 | 0.3% |
Black Belt Energy Gas District | 4.000% | 11/22/2052 | 0.2% |
Oklahoma Development Finance Authority | 5.450% | 06/20/2028 | 0.2% |
Fulton County Industrial Development Authority | 4.000% | 06/29/2028 | 0.2% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/27/2032 | 0.2% |
Cleveland-Cuyahoga County Port Authority | 5.000% | 11/28/2028 | 0.2% |
New York Transportation Development Corp | 5.375% | 07/28/2036 | 0.2% |
Maryland Health & Higher Educational Facilities Au | 5.000% | 12/30/2031 | 0.2% |
City Of Chicago Il | 5.500% | 12/31/2024 | 0.2% |
City Of Chicago Il | 5.625% | 12/29/2030 | 0.2% |
Greater Orlando Aviation Authority | 5.000% | 11/13/2026 | 0.2% |
Black Belt Energy Gas District | 5.500% | 05/24/2049 | 0.2% |
California Statewide Communities Development Autho | 5.250% | 11/28/2029 | 0.2% |
Charlotte County Industrial Development Authority/ | 5.000% | 09/28/2029 | 0.2% |
City Of Houston Tx Airport System Revenue | 5.000% | 07/13/2028 | 0.2% |
Port Beaumont Navigation District | 1.875% | 12/30/2025 | 0.2% |
California Municipal Finance Authority | 4.800% | 10/26/2041 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/12/2031 | 0.2% |
New York Liberty Development Corp | 1.200% | 11/12/2028 | 0.2% |
Oklahoma Development Finance Authority | 5.000% | 08/10/2038 | 0.2% |
New York City Industrial Development Agency | 4.027% | 02/28/2027 | 0.2% |
Tuscaloosa County Industrial Development Authority | 5.250% | 04/25/2044 | 0.2% |
New York State Environmental Facilities Corp | 2.750% | 08/24/2050 | 0.2% |
New York Transportation Development Corp | 5.250% | 07/29/2031 | 0.2% |
Industrial Development Authority Of The City Of St | 3.875% | 11/12/2029 | 0.2% |
Port Of Seattle Industrial Development Corp | 5.000% | 03/29/2030 | 0.2% |
Connecticut State Health & Educational Facilities | 5.000% | 06/27/2034 | 0.2% |
Chicago O'Hare International Airport | 5.000% | 12/29/2031 | 0.2% |
New York State Dormitory Authority | 5.000% | 07/13/2030 | 0.2% |
Southeastern Ohio Port Authority | 5.500% | 11/28/2029 | 0.2% |
Calhoun County Navigation Industrial Development A | 3.625% | 06/29/2026 | 0.2% |
South Carolina Jobs-Economic Development Authority | 4.000% | 03/31/2026 | 0.2% |
New Jersey Economic Development Authority | 5.800% | 02/28/2025 | 0.2% |
Energy Southeast A Cooperative District | 5.750% | 03/23/2054 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 09/30/2026 | 0.2% |
Jefferson Parish Economic Development & Port Distr | 4.800% | 06/12/2029 | 0.2% |
Northern Palm Beach County Improvement District | 5.000% | 07/25/2046 | 0.2% |
County Of Muskingum Oh | 5.000% | 02/13/2027 | 0.2% |
Clifton Higher Education Finance Corp | 5.750% | 08/11/2033 | 0.2% |
Industrial Development Authority Of The City Of Ph | 5.000% | 06/27/2035 | 0.2% |
New York State Dormitory Authority | 5.000% | 07/13/2032 | 0.2% |
State Of Illinois | 5.000% | 10/30/2025 | 0.2% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/28/2032 | 0.2% |
Chicago Board Of Education | 5.000% | 11/27/2034 | 0.2% |
Avenir Community Development District | 4.500% | 04/28/2030 | 0.2% |
Commonwealth Of Puerto Rico | 5.375% | 06/29/2025 | 0.2% |
Ohio Air Quality Development Authority | 4.250% | 10/27/2039 | 0.2% |
Public Finance Authority | 5.000% | 09/26/2039 | 0.2% |
Florida Development Finance Corp | 6.000% | 06/11/2033 | 0.2% |
Mississippi Business Finance Corp | 4.550% | 11/28/2028 | 0.2% |
Public Finance Authority | 5.000% | 06/28/2032 | 0.2% |
Babcock Ranch Community Independent Special Distri | 4.250% | 04/28/2032 | 0.2% |
West Villages Improvement District | 4.250% | 04/28/2029 | 0.2% |
City Of Fruita Co Healthcare Revenue | 5.375% | 12/28/2032 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/12/2031 | 0.2% |
Utah Charter School Finance Authority | 4.500% | 06/13/2027 | 0.2% |
Public Finance Authority | 4.300% | 10/29/2030 | 0.2% |
Public Finance Authority | 6.500% | 11/26/2037 | 0.2% |
E-470 Public Highway Authority | 3.908% | 09/01/2024 | 0.2% |
County Of Trimble Ky | 4.700% | 03/02/2027 | 0.2% |
City Of Scranton Pa | 5.000% | 05/15/2024 | 0.2% |
City Of Scranton Pa | 5.000% | 09/01/2024 | 0.2% |
Hoover Industrial Development Board | 6.375% | 10/24/2050 | 0.2% |
Maricopa County Industrial Development Authority | 5.250% | 06/27/2034 | 0.2% |
West Virginia Economic Development Authority | 4.700% | 06/16/2026 | 0.2% |
Allentown Neighborhood Improvement Zone Developmen | 5.125% | 04/28/2032 | 0.2% |
Virginia Beach Development Authority | 5.375% | 08/29/2029 | 0.2% |
New York State Dormitory Authority | 5.000% | 07/13/2029 | 0.1% |
New York State Dormitory Authority | 5.000% | 06/28/2030 | 0.1% |
Nassau County Tobacco Settlement Corp | 5.000% | 05/28/2035 | 0.1% |
Chester County Health And Education Facilities Aut | 4.250% | 10/28/2032 | 0.1% |
Commonwealth Of Puerto Rico | 0.000% | 06/27/2033 | 0.1% |
New York City Industrial Development Agency | 4.007% | 02/28/2025 | 0.1% |
Idaho Health Facilities Authority | 5.500% | 10/30/2029 | 0.1% |
City Of Seneca Ks | 5.000% | 05/31/2025 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/27/2035 | 0.1% |
Chautauqua County Capital Resource Corp | 4.250% | 04/02/2028 | 0.1% |
Village Community Development District No 15 | 4.375% | 04/27/2033 | 0.1% |
Allegheny County Industrial Development Authority | 4.875% | 10/31/2024 | 0.1% |
Arizona Industrial Development Authority | 5.000% | 06/28/2029 | 0.1% |
Industrial Development Authority Of The County Of | 5.125% | 11/12/2029 | 0.1% |
State Of Illinois | 5.000% | 06/30/2024 | 0.1% |
Chicago Board Of Education | 5.000% | 11/27/2033 | 0.1% |
Mississippi Business Finance Corp | 5.000% | 01/28/2036 | 0.1% |
New Hampshire Business Finance Authority | 4.000% | 10/30/2027 | 0.1% |
Clifton Higher Education Finance Corp | 5.750% | 08/10/2038 | 0.1% |
North Parkway Municipal Management District No 1 | 4.250% | 09/12/2031 | 0.1% |
Chicago Board Of Education Dedicated Capital Impro | 5.250% | 03/28/2033 | 0.1% |
County Of Miami-Dade Seaport Department | 5.000% | 09/26/2036 | 0.1% |
Oklahoma Development Finance Authority | 5.000% | 08/14/2024 | 0.1% |
Florida Development Finance Corp | 5.000% | 04/28/2029 | 0.1% |
Clifton Higher Education Finance Corp | 4.625% | 08/13/2025 | 0.1% |
Illinois Housing Development Authority | 4.000% | 05/31/2025 | 0.1% |
Metropolitan Washington Airports Authority Dulles | 5.000% | 09/27/2034 | 0.1% |
New York City Industrial Development Agency | 4.017% | 02/28/2026 | 0.1% |
Port Beaumont Navigation District | 2.625% | 12/29/2030 | 0.1% |
Washington Health Care Facilities Authority | 5.000% | 07/28/2035 | 0.1% |
Washington Health Care Facilities Authority | 5.000% | 07/28/2034 | 0.1% |
Village Community Development District No 12 | 4.000% | 04/27/2033 | 0.1% |
Polk County Industrial Development Authority | 5.875% | 12/28/2032 | 0.1% |
Nassau County Local Economic Assistance Corp | 5.000% | 06/30/2024 | 0.1% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/29/2028 | 0.1% |
Board Of Managers Joint Guadalupe County-City Of S | 4.000% | 11/30/2026 | 0.1% |
Massachusetts Health & Educational Facilities Auth | 4.599% | 11/12/2032 | 0.1% |
University City Industrial Development Authority | 4.875% | 06/11/2036 | 0.1% |
Babcock Ranch Community Independent Special Distri | 4.125% | 04/29/2027 | 0.1% |
Main Street Natural Gas Inc | 4.000% | 08/23/2052 | 0.1% |
New York State Dormitory Authority | 5.000% | 07/14/2028 | 0.1% |
Public Finance Authority | 5.000% | 11/29/2027 | 0.1% |
State Of Illinois | 5.250% | 01/29/2029 | 0.1% |
New York Transportation Development Corp | 2.500% | 10/29/2031 | 0.1% |
Port Beaumont Navigation District | 2.000% | 12/30/2026 | 0.1% |
Port Beaumont Navigation District | 2.250% | 12/29/2028 | 0.1% |
New York Transportation Development Corp | 5.500% | 06/25/2038 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/28/2028 | 0.1% |
Boggy Creek Improvement District | 4.500% | 04/29/2032 | 0.1% |
American Samoa Economic Development Authority | 6.500% | 08/29/2028 | 0.1% |
City Of Chicago Il | 5.000% | 12/29/2030 | 0.1% |
Antelope Valley Healthcare District | 5.000% | 02/27/2026 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/29/2027 | 0.1% |
California Statewide Communities Development Autho | 5.000% | 11/28/2031 | 0.1% |
Lakewood Ranch Stewardship District | 5.400% | 04/29/2028 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 06/27/2035 | 0.1% |
New York State Environmental Facilities Corp | 5.125% | 08/24/2050 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/28/2030 | 0.1% |
Charlotte County Industrial Development Authority/ | 5.000% | 09/27/2034 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/26/2037 | 0.1% |
Connecticut State Health & Educational Facilities | 5.000% | 06/29/2029 | 0.1% |
Village Community Development District No 15 | 4.250% | 04/29/2028 | 0.1% |
Matagorda County Navigation District No 1 | 4.000% | 05/29/2030 | 0.1% |
Development Authority Of The City Of Marietta | 5.000% | 10/27/2037 | 0.1% |
City Of Coralville Ia | 4.000% | 05/29/2031 | 0.1% |
New York State Dormitory Authority | 5.000% | 06/29/2028 | 0.1% |
New York State Environmental Facilities Corp | 2.875% | 11/24/2044 | 0.1% |
Maryland Economic Development Corp | 0.000% | 11/29/2031 | 0.1% |
New York City Industrial Development Agency | 5.000% | 06/29/2028 | 0.1% |
Berks County Municipal Authority/The | 5.000% | 01/29/2029 | 0.1% |
Capital Trust Agency Inc | 5.000% | 06/14/2026 | 0.1% |
Capital Trust Agency Inc | 4.000% | 06/12/2029 | 0.1% |
Capital Trust Agency Inc | 5.000% | 07/14/2026 | 0.1% |
Capital Trust Agency Inc | 5.000% | 12/13/2028 | 0.1% |
Peninsula Town Center Community Development Author | 4.500% | 08/29/2028 | 0.1% |
Port Beaumont Navigation District | 2.125% | 12/30/2027 | 0.1% |
Capital Trust Agency Inc | 5.000% | 12/14/2027 | 0.1% |
Westview South Community Development District | 4.875% | 04/29/2028 | 0.1% |
Academical Village Community Development District | 2.875% | 04/30/2025 | 0.1% |
Board Of Managers Joint Guadalupe County-City Of S | 5.000% | 11/30/2024 | 0.1% |
Celebration Pointe Community Development District | 3.000% | 04/29/2031 | 0.1% |
North Parkway Municipal Management District No 1 | 3.625% | 09/13/2026 | 0.1% |
Industrial Development Authority Of The County Of | 3.500% | 06/30/2025 | 0.0% |
Public Finance Authority | 5.000% | 05/31/2026 | 0.0% |
Vermont Economic Development Authority | 4.625% | 04/02/2028 | 0.0% |
Berks County Municipal Authority/The | 5.000% | 01/29/2032 | 0.0% |
California Public Finance Authority | 0.000% | 05/14/2028 | 0.0% |
Utah Charter School Finance Authority | 3.250% | 06/13/2031 | 0.0% |
Florida Development Finance Corp | 4.000% | 09/12/2030 | 0.0% |
Maricopa County Industrial Development Authority | 5.125% | 09/29/2030 | 0.0% |
Celebration Pointe Community Development District | 2.375% | 04/30/2026 | 0.0% |
City Of Baltimore Md | 4.500% | 05/28/2033 | 0.0% |
Arizona Industrial Development Authority | 4.000% | 06/29/2029 | 0.0% |
California Municipal Finance Authority | 5.000% | 02/28/2025 | 0.0% |
Glendale Industrial Development Authority | 4.000% | 11/13/2027 | 0.0% |
Arlington Higher Education Finance Corp | 4.000% | 08/13/2031 | 0.0% |
Roanoke County Economic Development Authority | 4.750% | 08/30/2029 | 0.0% |
Montgomery County Housing Opportunities Commission | 4.000% | 06/24/2048 | 0.0% |
Capital Trust Agency Inc | 5.000% | 12/14/2026 | 0.0% |
Capital Trust Agency Inc | 4.000% | 12/14/2025 | 0.0% |
Build Nyc Resource Corp | 5.000% | 05/29/2032 | 0.0% |
North Carolina Housing Finance Agency | 4.000% | 06/24/2047 | 0.0% |
Westview South Community Development District | 4.750% | 04/30/2028 | 0.0% |
Maricopa County Industrial Development Authority | 5.000% | 09/30/2026 | 0.0% |
Scranton Redevelopment Authority | 5.000% | 05/15/2024 | 0.0% |
West Villages Improvement District | 4.000% | 05/01/2024 | 0.0% |
Pennsylvania Housing Finance Agency | 4.000% | 03/27/2039 | 0.0% |
Capital Trust Agency Inc | 4.000% | 12/14/2024 | 0.0% |
Florida Development Finance Corp | 5.000% | 06/14/2025 | 0.0% |
Illinois Finance Authority | 5.000% | 05/14/2025 | 0.0% |
King County Public Hospital District No 4 | 5.000% | 11/30/2025 | 0.0% |
City Of Blaine Mn | 0.000% | 07/01/2025 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.750% | 06/22/2053 | 0.0% |
California Statewide Communities Development Authority | 0.000% | 07/01/2024 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.536% | 06/22/2053 | 0.0% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 03/27/2024
- $0.09372
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 02/29/2024 | $0.04713 | $14.15 |
Daily | Daily | 01/31/2024 | $0.04660 | $14.12 |
Upcoming Dividend Payment Dates
This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.
Record Date | Ex-Dividend Date | Reinvest & Payable Date |
---|---|---|
Daily | Daily | 03/31/2024 |
Daily | Daily | 04/30/2024 |
Daily | Daily | 05/31/2024 |
Daily | Daily | 06/30/2024 |
Daily | Daily | 07/31/2024 |
Daily | Daily | 08/31/2024 |
Daily | Daily | 09/30/2024 |
Daily | Daily | 10/31/2024 |
Daily | Daily | 11/30/2024 |
Daily | Daily | 12/31/2024 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/19/2017 | 12/20/2017 | $0.0023 | - | $0.0023 | $15.14 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 03/27/2024
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $14.51 |
$100,000 to $249,999 | 1.75% | 1.50% | $14.43 |
Greater than $250,000 | 0.00% | 1.00% | $14.18 |
The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.
Class A shares purchased without a sales charge (commissionable NAV) prior to 12/1/2021 will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls. However, effective 12/1/2021, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month of the 18-month anniversary of the purchase. Prior to 12/1/2021 purchases between $250,000 - $499,999 were subject to a front-end sales charge.
Expense Ratioas of 02/29/2024
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
0.71% | 0.65% |
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 01/31/2025. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower. In addition, the net expense ratio takes into account deductions for certain interest and related expenses from certain of the Fund's investments. Under accounting rules, the Fund recognized additional income in an amount that directly offsets these interest and related expenses. Therefore, the Fund's total returns and net asset value were not affected by such interest and related expenses.
Fund Documents
Fund Documents
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Commentary
Publish Date:11/03/2015
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