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 05/07/2024
$14.18
$0.02
YTD Returns w/o sales charge as of 05/07/2024
1.76%
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 | 3.25% | 3.23% |
Average Yield to Worst as of 03/28/2024 |
4.99% |
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 03/28/2024
- Total Net Assets
- $1.22 B
- Inception Date
- 06/15/2015
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 1.37%
- Fund Net Expense Ratio
- 1.31%
- Number of Holdings
- 336
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 1.37%
Net 1.31%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 1.19% | 3.17% | -1.54% | 0.49% | - | 1.37% |
Lipper Category Avg. High Yield Municipal Debt Funds | 0.38% | 4.24% | -1.51% | 1.29% | - | - |
w/ sales charge | 0.19% | 2.17% | -1.54% | 0.49% | - | 1.37% |
Fund Expense Ratio :
Gross 1.37%
Net 1.31%
Fund Expense Ratio :
Gross 1.37%
Net 1.31%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 1.48% | 3.50% | -1.18% | 0.63% | - | 1.42% |
Lipper Category Avg. High Yield Municipal Debt Funds | 1.60% | 5.88% | -0.68% | 1.66% | - | - |
w/ sales charge | 0.48% | 2.50% | -1.18% | 0.63% | - | 1.42% |
Fund Expense Ratio :
Gross 1.37%
Net 1.31%
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 | |
Transportation | |
Education | |
GO Local | |
GO State | |
Other | |
Pre-Refunded | |
VRDN | |
Lease | |
Housing | |
Water & Sewer | |
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 | |
25-30 Years | |
>30 Years |
The Fund's portfolio is actively managed and is subject to change.
CREDIT QUALITY DISTRIBUTION as of 03/28/2024
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 03/28/2024
30-Day Standardized Yield 1 as of 04/30/2024
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.25% | 3.23% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 1.37%
Net 1.31%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 1.19% | 3.17% | -1.54% | 0.49% | - | 1.37% |
Lipper Category Avg. High Yield Municipal Debt Funds | 0.38% | 4.24% | -1.51% | 1.29% | - | - |
w/ sales charge | 0.19% | 2.17% | -1.54% | 0.49% | - | 1.37% |
Fund Expense Ratio :
Gross 1.37%
Net 1.31%
Fund Expense Ratio :
Gross 1.37%
Net 1.31%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 1.48% | 3.50% | -1.18% | 0.63% | - | 1.42% |
Lipper Category Avg. High Yield Municipal Debt Funds | 1.60% | 5.88% | -0.68% | 1.66% | - | - |
w/ sales charge | 0.48% | 2.50% | -1.18% | 0.63% | - | 1.42% |
Fund Expense Ratio :
Gross 1.37%
Net 1.31%
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 | 3.52% |
2022 | -9.92% |
2021 | 3.38% |
2020 | 1.48% |
2019 | 6.35% |
2018 | 1.44% |
2017 | 4.55% |
2016 | -0.96% |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | 1.48% | - | - | - |
2023 | 1.51% | 0.39% | -1.50% | 3.13% |
2022 | -6.20% | -3.78% | -2.34% | 2.20% |
2021 | 1.37% | 1.92% | -0.38% | 0.43% |
2020 | -5.68% | 2.80% | 1.60% | 3.01% |
2019 | 2.32% | 1.81% | 1.43% | 0.65% |
2018 | 0.24% | 0.71% | 0.25% | 0.22% |
2017 | 1.88% | 1.56% | 1.27% | -0.23% |
2016 | 1.21% | 1.77% | 0.43% | -4.26% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Sector | Assets |
---|---|
IDR/PCR | |
Healthcare/Hospital | |
Special Tax | |
Transportation | |
Education | |
GO Local | |
GO State | |
Other | |
Pre-Refunded | |
VRDN | |
Lease | |
Housing | |
Water & Sewer | |
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 | |
25-30 Years | |
>30 Years |
The Fund's portfolio is actively managed and is subject to change.
State | Assets |
---|---|
NY | |
IL | |
FL | |
CA | |
TX | |
PA | |
WI | |
Puerto Rico | |
AL | |
MD | |
OH | |
WA | |
GA | |
AZ | |
IA | |
NJ | |
CO | |
OK | |
LA | |
MO | |
AR | |
KY | |
NV | |
RI | |
VA | |
TN | |
CT | |
SC | |
UT | |
NH | |
VT | |
MA | |
NE | |
Other U.S. Territories | |
MN | |
IN | |
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 03/28/2024
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 03/28/2024
- Total Net Assets
- $1.22 B
- Average Effective Duration
- 3.16 Years
- Average Effective Maturity
- 6.9 Years
- Number of Issues
- 336
- Average Yield to Worst
- 4.99%
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 |
---|
New York Transportation Development Corp | 4.000% | 09/26/2030 | 1.6% |
Main Street Natural Gas Inc | 4.000% | 11/01/2027 | 1.6% |
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.500% | 06/25/2034 | 1.3% |
Southeast Alabama Gas Supply District/The | 5.000% | 07/21/2054 | 1.2% |
Commonwealth Of Puerto Rico | 5.750% | 06/26/2031 | 1.2% |
Maryland Economic Development Corp | 5.750% | 08/28/2025 | 1.2% |
California Statewide Communities Development Autho | 5.250% | 11/25/2034 | 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% | 07/27/2031 | 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 of03/28/2024
Holding | Coupon | Maturity | Assets |
---|
New York Transportation Development Corp | 4.000% | 09/26/2030 | 1.6% |
Main Street Natural Gas Inc | 4.000% | 11/01/2027 | 1.6% |
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.500% | 06/25/2034 | 1.3% |
Southeast Alabama Gas Supply District/The | 5.000% | 07/21/2054 | 1.2% |
Commonwealth Of Puerto Rico | 5.750% | 06/26/2031 | 1.2% |
Maryland Economic Development Corp | 5.750% | 08/28/2025 | 1.2% |
California Statewide Communities Development Autho | 5.250% | 11/25/2034 | 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% | 07/27/2031 | 1.1% |
Berks County Municipal Authority/The | 5.000% | 02/01/2025 | 1.0% |
California Community Choice Financing Authority | 5.250% | 12/21/2053 | 1.0% |
City Of Osceola Ar | 5.500% | 03/25/2036 | 1.0% |
Washington State Convention Center Public Faciliti | 4.000% | 06/26/2031 | 0.9% |
Public Finance Authority | 5.000% | 11/27/2025 | 0.9% |
Allegheny County Industrial Development Authority | 5.125% | 04/26/2030 | 0.9% |
Northern California Energy Authority | 5.000% | 11/20/2054 | 0.9% |
Southeast Energy Authority A Cooperative District | 5.978% | 08/31/2029 | 0.9% |
County Of Miami-Dade Fl Aviation Revenue | 5.000% | 09/25/2032 | 0.8% |
Pefa Inc | 5.000% | 08/22/2049 | 0.8% |
Mission Economic Development Corp | 4.625% | 09/26/2031 | 0.8% |
Tuscaloosa County Industrial Development Authority | 4.500% | 04/25/2032 | 0.8% |
Rhode Island Health And Educational Building Corp | 5.000% | 08/25/2036 | 0.8% |
Southwestern Illinois Development Authority | 5.750% | 07/24/2042 | 0.8% |
California Community Choice Financing Authority | 5.258% | 07/31/2028 | 0.8% |
Chicago Midway International Airport | 5.000% | 04/03/2024 | 0.8% |
Wisconsin Health & Educational Facilities Authorit | 5.490% | 04/04/2024 | 0.8% |
New York Transportation Development Corp | 5.000% | 12/26/2035 | 0.8% |
City & County Of Denver Co | 5.000% | 09/25/2032 | 0.8% |
Texas Municipal Gas Acquisition & Supply Corp Iv | 5.500% | 12/21/2053 | 0.7% |
Chandler Industrial Development Authority | 5.000% | 06/03/2024 | 0.7% |
Citizens Memorial Hospital District | 5.000% | 12/01/2026 | 0.7% |
Tennergy Corp/Tn | 5.500% | 09/20/2053 | 0.7% |
Iowa Finance Authority | 4.000% | 11/21/2050 | 0.7% |
New York Liberty Development Corp | 5.150% | 11/09/2034 | 0.7% |
Black Belt Energy Gas District | 5.250% | 04/20/2055 | 0.7% |
City Of Scranton Pa | 5.000% | 05/15/2024 | 0.7% |
Public Finance Authority | 5.000% | 09/25/2034 | 0.7% |
County Of Muskingum Oh | 5.000% | 02/08/2033 | 0.7% |
New Jersey Economic Development Authority | 5.250% | 09/10/2029 | 0.7% |
Public Finance Authority | 4.000% | 06/24/2036 | 0.7% |
California Community Choice Financing Authority | 5.500% | 04/20/2054 | 0.7% |
Jefferson County Port Authority/Oh | 5.000% | 11/20/2053 | 0.7% |
City Of Chicago Il | 5.500% | 12/25/2032 | 0.7% |
Chicago Board Of Education | 5.000% | 11/25/2034 | 0.6% |
Parish Of St James La | 6.100% | 05/25/2038 | 0.6% |
Chicago Board Of Education | 5.250% | 11/25/2035 | 0.6% |
Montgomery County Industrial Development Authority | 4.450% | 09/25/2034 | 0.6% |
Chicago Board Of Education | 5.000% | 11/25/2034 | 0.6% |
Niagara Area Development Corp | 3.500% | 11/01/2024 | 0.6% |
County Of Washington Oh | 5.500% | 11/27/2027 | 0.6% |
Maryland Economic Development Corp | 5.000% | 11/06/2028 | 0.6% |
City Of Houston Tx Airport System Revenue | 5.000% | 06/26/2029 | 0.6% |
Tulsa Airports Improvement Trust | 5.000% | 05/26/2035 | 0.6% |
Sierra Vista Industrial Development Authority | 5.000% | 06/09/2033 | 0.6% |
Virginia Small Business Financing Authority | 5.000% | 12/26/2033 | 0.6% |
State Of Illinois | 5.000% | 10/01/2024 | 0.6% |
Nassau County Tobacco Settlement Corp | 5.250% | 05/28/2026 | 0.6% |
Commonwealth Of Puerto Rico | 5.625% | 06/27/2027 | 0.6% |
Florida Development Finance Corp | 3.000% | 05/26/2032 | 0.5% |
New Jersey Economic Development Authority | 5.750% | 09/11/2027 | 0.5% |
Wisconsin Health & Educational Facilities Authorit | 5.490% | 04/01/2024 | 0.5% |
Cabot Citrus Farms Community Development District | 5.250% | 02/23/2029 | 0.5% |
Tsasc Inc/Ny | 5.000% | 05/28/2025 | 0.5% |
New York Transportation Development Corp | 5.000% | 06/25/2034 | 0.5% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/25/2033 | 0.5% |
Maryland Industrial Development Financing Authorit | 5.690% | 04/04/2024 | 0.5% |
Love Field Airport Modernization Corp | 5.000% | 10/26/2028 | 0.5% |
Vermont Economic Development Authority | 5.000% | 05/21/2052 | 0.5% |
Chicago Board Of Education | 5.000% | 11/25/2034 | 0.5% |
Chicago Board Of Education Dedicated Capital Impro | 6.100% | 03/25/2036 | 0.4% |
Chicago Board Of Education Dedicated Capital Impro | 5.750% | 03/26/2033 | 0.4% |
Commonwealth Of Puerto Rico | 4.000% | 06/25/2033 | 0.4% |
California Municipal Finance Authority | 5.000% | 11/01/2026 | 0.4% |
Illinois Finance Authority | 7.375% | 08/24/2042 | 0.4% |
Central Plains Energy Project | 5.000% | 04/20/2054 | 0.4% |
Grays Harbor County Public Hospital District No 1 | 5.750% | 11/25/2033 | 0.4% |
Washington Health Care Facilities Authority | 5.000% | 07/22/2049 | 0.4% |
Chicago Board Of Education | 5.250% | 11/25/2035 | 0.4% |
New York Transportation Development Corp | 5.000% | 12/28/2026 | 0.4% |
City Of New York Ny | 5.000% | 02/25/2032 | 0.4% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/23/2040 | 0.4% |
Main Street Natural Gas Inc | 5.258% | 02/28/2031 | 0.4% |
Connecticut Housing Finance Authority | 6.000% | 11/04/2054 | 0.4% |
State Of Illinois | 5.250% | 01/27/2031 | 0.4% |
Central Texas Turnpike System | 5.000% | 08/07/2042 | 0.4% |
City Of Sparks Nv | 2.750% | 06/14/2028 | 0.4% |
Pennsylvania Turnpike Commission Registration Fee | 4.490% | 07/15/2025 | 0.4% |
Black Belt Energy Gas District | 4.000% | 11/19/2052 | 0.4% |
Kentucky Public Energy Authority | 5.000% | 04/20/2055 | 0.4% |
Henry County Hospital Authority | 5.000% | 07/01/2024 | 0.4% |
Minnesota Housing Finance Agency | 6.250% | 12/21/2053 | 0.4% |
Iowa Finance Authority | 6.750% | 05/09/2033 | 0.4% |
California Municipal Finance Authority | 4.000% | 07/10/2029 | 0.4% |
City Of Henderson Ky | 3.700% | 12/27/2031 | 0.4% |
Chicago Board Of Education | 5.125% | 11/24/2032 | 0.4% |
City Of Whiting In | 5.000% | 11/01/2024 | 0.4% |
Clifton Higher Education Finance Corp | 5.250% | 08/15/2025 | 0.4% |
County Of Clark Nv | 2.100% | 05/27/2031 | 0.4% |
New York State Environmental Facilities Corp | 3.125% | 06/01/2026 | 0.4% |
Parish Of St James La | 5.850% | 07/24/2041 | 0.4% |
California Public Finance Authority | 0.000% | 05/14/2028 | 0.3% |
Metropolitan Transportation Authority | 5.250% | 06/24/2024 | 0.3% |
Military Installation Development Authority | 4.000% | 05/25/2036 | 0.3% |
New York Transportation Development Corp | 5.000% | 07/28/2026 | 0.3% |
Allentown Neighborhood Improvement Zone Developmen | 6.000% | 04/30/2031 | 0.3% |
Public Finance Authority | 9.000% | 10/26/2028 | 0.3% |
City Of Houston Tx Airport System Revenue | 6.500% | 07/10/2030 | 0.3% |
Public Finance Authority | 5.500% | 12/09/2028 | 0.3% |
Academical Village Community Development District | 3.250% | 04/26/2031 | 0.3% |
Florida Development Finance Corp | 5.000% | 04/26/2029 | 0.3% |
New York Transportation Development Corp | 4.000% | 06/30/2031 | 0.3% |
Pennsylvania Economic Development Financing Author | 3.250% | 07/25/2039 | 0.3% |
County Of Miami-Dade Seaport Department | 5.000% | 09/25/2032 | 0.3% |
Michigan Strategic Fund | 4.000% | 09/18/2061 | 0.3% |
City Of Scranton Pa | 5.000% | 09/01/2027 | 0.3% |
Charlotte County Industrial Development Authority/ | 5.500% | 10/01/2025 | 0.3% |
California Community Choice Financing Authority | 5.250% | 10/21/2054 | 0.3% |
New Jersey Economic Development Authority | 5.000% | 10/01/2027 | 0.3% |
Village Metropolitan District/The | 4.150% | 11/26/2030 | 0.3% |
Massachusetts Development Finance Agency | 5.000% | 06/24/2036 | 0.3% |
Pennsylvania Economic Development Financing Author | 9.000% | 03/22/2051 | 0.3% |
Florida Development Finance Corp | 6.125% | 06/25/2032 | 0.3% |
Central Texas Turnpike System | 5.000% | 08/08/2037 | 0.3% |
New York Transportation Development Corp | 6.000% | 03/26/2035 | 0.3% |
County Of Miami-Dade Fl Aviation Revenue | 5.000% | 09/25/2034 | 0.3% |
Commonwealth Of Puerto Rico | 0.000% | 10/28/2043 | 0.3% |
Northern Palm Beach County Improvement District | 5.000% | 07/26/2034 | 0.3% |
Port Beaumont Navigation District | 6.000% | 01/01/2025 | 0.3% |
County Of Frederick Md | 5.000% | 08/26/2032 | 0.3% |
New Hampshire Business Finance Authority | 2.150% | 07/01/2024 | 0.3% |
Clifton Higher Education Finance Corp | 5.250% | 08/10/2028 | 0.3% |
Clifton Higher Education Finance Corp | 6.000% | 08/08/2038 | 0.3% |
New Hampshire Business Finance Authority | 2.950% | 03/31/2029 | 0.3% |
California Municipal Finance Authority | 4.125% | 09/23/2041 | 0.3% |
Washington Health Care Facilities Authority | 5.000% | 09/24/2038 | 0.3% |
Public Finance Authority | 6.625% | 11/24/2032 | 0.2% |
South Carolina Jobs-Economic Development Authority | 5.750% | 11/10/2029 | 0.2% |
Palomar Health | 5.000% | 10/27/2031 | 0.2% |
City Of Seattle Wa Municipal Light & Power Revenue | 3.890% | 11/01/2026 | 0.2% |
Florida Higher Educational Facilities Financial Au | 4.500% | 05/26/2033 | 0.2% |
South Carolina Jobs-Economic Development Authority | 5.250% | 11/09/2028 | 0.2% |
Tulsa Airports Improvement Trust | 5.500% | 05/26/2035 | 0.2% |
Lakewood Ranch Stewardship District | 5.450% | 04/25/2033 | 0.2% |
Idaho Health Facilities Authority | 6.250% | 10/26/2035 | 0.2% |
City Of Chicago Il Waterworks Revenue | 5.000% | 10/28/2026 | 0.2% |
Kremmling Memorial Hospital District | 5.125% | 11/25/2034 | 0.2% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/25/2032 | 0.2% |
Oklahoma Development Finance Authority | 5.450% | 06/20/2028 | 0.2% |
Fulton County Industrial Development Authority | 4.000% | 06/26/2028 | 0.2% |
Cleveland-Cuyahoga County Port Authority | 5.000% | 11/25/2028 | 0.2% |
City Of Chicago Il | 5.500% | 01/01/2025 | 0.2% |
Maryland Health & Higher Educational Facilities Au | 5.000% | 12/30/2031 | 0.2% |
New York Transportation Development Corp | 5.375% | 07/25/2036 | 0.2% |
City Of Chicago Il | 5.625% | 12/27/2030 | 0.2% |
Greater Orlando Aviation Authority | 5.000% | 11/11/2026 | 0.2% |
Charlotte County Industrial Development Authority/ | 5.000% | 09/26/2029 | 0.2% |
City Of Houston Tx Airport System Revenue | 5.000% | 07/10/2028 | 0.2% |
Port Beaumont Navigation District | 1.875% | 12/28/2025 | 0.2% |
California Statewide Communities Development Autho | 5.250% | 11/26/2029 | 0.2% |
Oklahoma Development Finance Authority | 5.000% | 08/08/2038 | 0.2% |
Tuscaloosa County Industrial Development Authority | 5.250% | 04/22/2044 | 0.2% |
California Municipal Finance Authority | 4.800% | 10/24/2041 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 06/24/2024 | 0.2% |
California Housing Finance Agency | 3.250% | 08/13/2036 | 0.2% |
Black Belt Energy Gas District | 5.500% | 05/22/2049 | 0.2% |
New York Liberty Development Corp | 1.200% | 11/09/2028 | 0.2% |
New York City Industrial Development Agency | 3.980% | 03/01/2027 | 0.2% |
Avenir Community Development District | 4.500% | 04/26/2030 | 0.2% |
Industrial Development Authority Of The City Of St | 3.875% | 11/10/2029 | 0.2% |
New York State Environmental Facilities Corp | 2.750% | 08/22/2050 | 0.2% |
Westchester County Local Development Corp | 5.000% | 10/23/2046 | 0.2% |
New York Transportation Development Corp | 5.250% | 07/27/2031 | 0.2% |
Port Of Seattle Industrial Development Corp | 5.000% | 03/27/2030 | 0.2% |
Connecticut State Health & Educational Facilities | 5.000% | 06/25/2034 | 0.2% |
Chicago O'Hare International Airport | 5.000% | 12/27/2031 | 0.2% |
New York State Dormitory Authority | 5.000% | 07/14/2030 | 0.2% |
Calhoun County Navigation Industrial Development A | 3.625% | 06/27/2026 | 0.2% |
Southeastern Ohio Port Authority | 5.500% | 11/26/2029 | 0.2% |
New York Transportation Development Corp | 5.000% | 11/24/2038 | 0.2% |
South Carolina Jobs-Economic Development Authority | 4.000% | 04/01/2026 | 0.2% |
New Jersey Economic Development Authority | 4.890% | 03/01/2025 | 0.2% |
Energy Southeast A Cooperative District | 5.750% | 03/21/2054 | 0.2% |
Jefferson Parish Economic Development & Port Distr | 4.800% | 06/10/2029 | 0.2% |
New York Transportation Development Corp | 5.500% | 06/23/2038 | 0.2% |
Commonwealth Of Puerto Rico | 5.375% | 06/27/2025 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 10/01/2026 | 0.2% |
Northern Palm Beach County Improvement District | 5.000% | 07/23/2046 | 0.2% |
Industrial Development Authority Of The City Of Ph | 5.000% | 06/25/2035 | 0.2% |
New York State Dormitory Authority | 5.000% | 07/13/2032 | 0.2% |
County Of Muskingum Oh | 5.000% | 02/11/2027 | 0.2% |
Ohio Air Quality Development Authority | 4.250% | 10/25/2039 | 0.2% |
Clifton Higher Education Finance Corp | 5.750% | 08/09/2033 | 0.2% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/25/2032 | 0.2% |
Chicago Board Of Education | 5.000% | 11/25/2034 | 0.2% |
Public Finance Authority | 5.000% | 09/24/2039 | 0.2% |
State Of Illinois | 5.000% | 10/28/2025 | 0.2% |
Florida Development Finance Corp | 6.000% | 06/09/2033 | 0.2% |
Mississippi Business Finance Corp | 4.550% | 11/25/2028 | 0.2% |
Babcock Ranch Community Independent Special Distri | 4.250% | 04/25/2032 | 0.2% |
Public Finance Authority | 5.000% | 06/29/2032 | 0.2% |
West Villages Improvement District | 4.250% | 04/26/2029 | 0.2% |
Public Finance Authority | 6.500% | 11/24/2037 | 0.2% |
City Of Fruita Co Healthcare Revenue | 5.375% | 12/25/2032 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/10/2031 | 0.2% |
Texas Private Activity Bond Surface Transportation | 5.375% | 06/23/2037 | 0.2% |
Utah Charter School Finance Authority | 4.500% | 06/11/2027 | 0.2% |
Public Finance Authority | 4.300% | 10/27/2030 | 0.2% |
City Of Scranton Pa | 5.000% | 05/15/2024 | 0.1% |
E-470 Public Highway Authority | 3.908% | 09/01/2024 | 0.1% |
County Of Trimble Ky | 4.700% | 03/03/2027 | 0.1% |
Hoover Industrial Development Board | 6.375% | 10/22/2050 | 0.1% |
Maricopa County Industrial Development Authority | 5.250% | 06/25/2034 | 0.1% |
Kremmling Memorial Hospital District | 5.000% | 11/26/2029 | 0.1% |
West Virginia Economic Development Authority | 4.700% | 06/17/2026 | 0.1% |
City Of Scranton Pa | 5.000% | 09/01/2024 | 0.1% |
Allentown Neighborhood Improvement Zone Developmen | 5.125% | 04/25/2032 | 0.1% |
Virginia Beach Development Authority | 5.375% | 08/27/2029 | 0.1% |
New York State Dormitory Authority | 5.000% | 07/14/2029 | 0.1% |
Commonwealth Of Puerto Rico | 0.000% | 06/25/2033 | 0.1% |
New York State Dormitory Authority | 5.000% | 06/26/2030 | 0.1% |
Nassau County Tobacco Settlement Corp | 5.000% | 05/26/2035 | 0.1% |
Chester County Health And Education Facilities Aut | 4.250% | 10/25/2032 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/25/2035 | 0.1% |
Idaho Health Facilities Authority | 5.500% | 10/31/2029 | 0.1% |
New York City Industrial Development Agency | 3.960% | 03/01/2025 | 0.1% |
Village Community Development District No 15 | 4.375% | 04/25/2033 | 0.1% |
Arizona Industrial Development Authority | 5.000% | 06/26/2029 | 0.1% |
Industrial Development Authority Of The County Of | 5.125% | 11/10/2029 | 0.1% |
Allegheny County Industrial Development Authority | 4.875% | 11/01/2024 | 0.1% |
New Hampshire Business Finance Authority | 4.000% | 10/28/2027 | 0.1% |
State Of Illinois | 5.000% | 07/01/2024 | 0.1% |
Chicago Board Of Education | 5.000% | 11/25/2033 | 0.1% |
City Of Seneca Ks | 5.000% | 06/01/2025 | 0.1% |
Mississippi Business Finance Corp | 5.000% | 01/26/2036 | 0.1% |
Chicago Board Of Education Dedicated Capital Impro | 5.250% | 03/26/2033 | 0.1% |
County Of Miami-Dade Seaport Department | 5.000% | 09/24/2036 | 0.1% |
Public Finance Authority | 5.000% | 05/24/2041 | 0.1% |
Clifton Higher Education Finance Corp | 5.750% | 08/08/2038 | 0.1% |
Wisconsin Health & Educational Facilities Authorit | 5.250% | 08/13/2034 | 0.1% |
Oklahoma Development Finance Authority | 5.000% | 08/15/2024 | 0.1% |
County Of Washoe Nv | 4.125% | 02/24/2036 | 0.1% |
Port Beaumont Navigation District | 2.625% | 12/27/2030 | 0.1% |
Metropolitan Washington Airports Authority Dulles | 5.000% | 09/25/2034 | 0.1% |
Illinois Housing Development Authority | 4.000% | 06/01/2025 | 0.1% |
Village Community Development District No 12 | 4.000% | 04/25/2033 | 0.1% |
Washington Health Care Facilities Authority | 5.000% | 07/26/2035 | 0.1% |
Clifton Higher Education Finance Corp | 4.625% | 08/11/2025 | 0.1% |
New York City Industrial Development Agency | 3.970% | 03/01/2026 | 0.1% |
Washington Health Care Facilities Authority | 5.000% | 07/26/2034 | 0.1% |
Polk County Industrial Development Authority | 5.875% | 12/25/2032 | 0.1% |
Nassau County Local Economic Assistance Corp | 5.000% | 07/01/2024 | 0.1% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/26/2028 | 0.1% |
University City Industrial Development Authority | 4.875% | 06/08/2036 | 0.1% |
Board Of Managers Joint Guadalupe County-City Of S | 4.000% | 12/01/2026 | 0.1% |
Massachusetts Health & Educational Facilities Auth | 4.550% | 11/13/2032 | 0.1% |
Mida Mountain Village Public Infrastructure Distri | 4.000% | 08/01/2025 | 0.1% |
Public Finance Authority | 5.000% | 11/27/2027 | 0.1% |
Main Street Natural Gas Inc | 4.000% | 08/21/2052 | 0.1% |
Public Finance Authority | 5.000% | 09/27/2027 | 0.1% |
New York Transportation Development Corp | 2.500% | 10/29/2031 | 0.1% |
Port Beaumont Navigation District | 2.000% | 12/28/2026 | 0.1% |
Port Beaumont Navigation District | 2.250% | 12/26/2028 | 0.1% |
State Of Illinois | 5.250% | 01/26/2029 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/26/2028 | 0.1% |
New York Transportation Development Corp | 5.500% | 06/23/2039 | 0.1% |
Boggy Creek Improvement District | 4.500% | 04/29/2032 | 0.1% |
Capital Trust Agency Inc | 5.000% | 07/15/2026 | 0.1% |
City Of Chicago Il | 5.000% | 12/27/2030 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/26/2030 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/27/2027 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/24/2037 | 0.1% |
American Samoa Economic Development Authority | 6.500% | 08/27/2028 | 0.1% |
Charlotte County Industrial Development Authority/ | 5.000% | 09/25/2034 | 0.1% |
California Statewide Communities Development Autho | 5.000% | 11/26/2031 | 0.1% |
Lakewood Ranch Stewardship District | 5.400% | 04/26/2028 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 06/25/2035 | 0.1% |
Antelope Valley Healthcare District | 5.000% | 03/01/2026 | 0.1% |
City Of Houston Tx Airport System Revenue | 5.000% | 07/11/2027 | 0.1% |
County Of Miami-Dade Fl Aviation Revenue | 5.000% | 09/25/2034 | 0.1% |
New York State Environmental Facilities Corp | 5.125% | 08/22/2050 | 0.1% |
Village Community Development District No 15 | 4.250% | 04/26/2028 | 0.1% |
Connecticut State Health & Educational Facilities | 5.000% | 06/29/2032 | 0.1% |
Matagorda County Navigation District No 1 | 4.000% | 05/27/2030 | 0.1% |
Development Authority Of The City Of Marietta | 5.000% | 10/25/2037 | 0.1% |
Arizona Industrial Development Authority | 5.125% | 06/24/2037 | 0.1% |
City Of Coralville Ia | 4.000% | 05/27/2031 | 0.1% |
Babcock Ranch Community Independent Special Distri | 4.125% | 04/27/2027 | 0.1% |
New York State Dormitory Authority | 5.000% | 06/26/2028 | 0.1% |
New York State Environmental Facilities Corp | 2.875% | 11/21/2044 | 0.1% |
Maryland Economic Development Corp | 0.000% | 11/29/2031 | 0.1% |
New York City Industrial Development Agency | 5.000% | 06/26/2028 | 0.1% |
Berks County Municipal Authority/The | 5.000% | 01/26/2029 | 0.1% |
Capital Trust Agency Inc | 5.000% | 06/15/2026 | 0.1% |
Capital Trust Agency Inc | 4.000% | 06/10/2029 | 0.1% |
Port Beaumont Navigation District | 2.125% | 12/28/2027 | 0.1% |
Capital Trust Agency Inc | 5.000% | 12/14/2028 | 0.1% |
Capital Trust Agency Inc | 5.000% | 12/14/2027 | 0.1% |
Peninsula Town Center Community Development Author | 4.500% | 08/27/2028 | 0.1% |
Capital Trust Authority | 5.000% | 06/13/2032 | 0.1% |
Board Of Managers Joint Guadalupe County-City Of S | 5.000% | 12/01/2024 | 0.0% |
North Parkway Municipal Management District No 1 | 3.625% | 09/11/2026 | 0.0% |
Westview South Community Development District | 4.875% | 04/26/2028 | 0.0% |
Crosswinds East Community Development District | 4.625% | 04/30/2031 | 0.0% |
Industrial Development Authority Of The County Of | 3.500% | 07/01/2025 | 0.0% |
California Public Finance Authority | 0.000% | 05/14/2028 | 0.0% |
Public Finance Authority | 5.000% | 06/01/2026 | 0.0% |
Utah Charter School Finance Authority | 3.250% | 06/14/2031 | 0.0% |
Vermont Economic Development Authority | 4.625% | 04/02/2028 | 0.0% |
Berks County Municipal Authority/The | 5.000% | 01/27/2032 | 0.0% |
Maricopa County Industrial Development Authority | 5.125% | 09/30/2030 | 0.0% |
Florida Development Finance Corp | 4.000% | 09/10/2030 | 0.0% |
Celebration Pointe Community Development District | 2.375% | 05/01/2026 | 0.0% |
City Of Baltimore Md | 4.500% | 05/26/2033 | 0.0% |
Arizona Industrial Development Authority | 4.000% | 06/30/2029 | 0.0% |
Glendale Industrial Development Authority | 4.000% | 11/11/2027 | 0.0% |
California Municipal Finance Authority | 5.000% | 03/01/2025 | 0.0% |
Arlington Higher Education Finance Corp | 4.000% | 08/14/2031 | 0.0% |
Roanoke County Economic Development Authority | 0.000% | 08/31/2029 | 0.0% |
Montgomery County Housing Opportunities Commission | 4.000% | 06/25/2048 | 0.0% |
Capital Trust Agency Inc | 5.000% | 12/15/2026 | 0.0% |
Build Nyc Resource Corp | 5.000% | 05/26/2032 | 0.0% |
Capital Trust Agency Inc | 4.000% | 12/15/2025 | 0.0% |
North Carolina Housing Finance Agency | 4.000% | 06/22/2047 | 0.0% |
Maricopa County Industrial Development Authority | 5.000% | 10/01/2026 | 0.0% |
Scranton Redevelopment Authority | 5.000% | 05/15/2024 | 0.0% |
West Villages Improvement District | 4.000% | 05/01/2024 | 0.0% |
Westview South Community Development District | 4.750% | 04/30/2028 | 0.0% |
Pennsylvania Housing Finance Agency | 4.000% | 03/29/2039 | 0.0% |
Capital Trust Agency Inc | 4.000% | 12/15/2024 | 0.0% |
Florida Development Finance Corp | 5.000% | 06/15/2025 | 0.0% |
Illinois Finance Authority | 5.000% | 05/15/2025 | 0.0% |
King County Public Hospital District No 4 | 5.000% | 12/01/2025 | 0.0% |
City Of Blaine Mn | 0.000% | 07/01/2025 | 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% | 06/20/2053 | 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 05/07/2024
- $0.15766
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 04/30/2024 | $0.03926 | $14.11 |
Daily | Daily | 03/31/2024 | $0.03880 | $14.19 |
Daily | Daily | 02/29/2024 | $0.04028 | $14.15 |
Daily | Daily | 01/31/2024 | $0.03932 | $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 | 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
Expense Ratioas of 04/30/2024
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
1.37% | 1.31% |
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
0Documents selected
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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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