HYMAX | High Income Municipal Bond Fund Class A | Lord Abbett

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High Income Municipal Bond Fund

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Effective November 1, 2021 the Lord Abbett High Yield Municipal Bond Fund changed its name to Lord Abbett High Income Municipal Bond Fund. There was no change to the Fund’s investment strategy.

Daily price w/o sales charge as of 12/13/2024

$11.03

arrowDown$0.03

YTD Returns w/o sales charge as of 12/13/2024

6.96%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the High Income Municipal Bond Fund?

The Fund seeks to deliver a high level of income exempt from federal income tax by investing primarily in lower-rated municipal bonds.

Yields

30 Day Standardized yield 1 as of 11/30/2024  

4.02%

Average Yield to Worst as of 11/29/2024

4.85%

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 11/29/2024

Total Net Assets
$4.16 B
Inception Date
12/30/2004
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.81%
Fund Net Expense Ratio
0.77%
Number of Holdings
608
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

Gross 0.81%

Net 0.77%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/30/2004
w/o sales charge 7.67% 11.06% -1.14% 1.32% 3.51% 3.24%
Lipper Category Avg. High Yield Municipal Debt Funds 6.88% 10.08% -0.27% 1.72% 3.27% -
Bloomberg High Yield Municipal Bond Index 8.12% 11.36% 0.95% 3.07% 4.51% 4.99%
w/ sales charge 5.23% 8.57% -1.89% 0.86% 3.28% 3.07%

Fund Expense Ratio :

Gross 0.81%

Net 0.77%

Fund Expense Ratio :

Gross 0.81%

Net 0.77%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/30/2004
w/o sales charge 7.40% 15.38% -0.86% 1.34% 3.60% 3.25%
Lipper Category Avg. High Yield Municipal Debt Funds 6.61% 15.06% -0.09% 1.71% 3.36% -
Bloomberg High Yield Municipal Bond Index 7.48% 17.38% 1.05% 3.07% 4.52% 5.00%
w/ sales charge 4.96% 12.81% -1.62% 0.88% 3.36% 3.08%

Fund Expense Ratio :

Gross 0.81%

Net 0.77%

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
Transportation
Education
Special Tax
GO Local
GO State
Lease
Housing
Water & Sewer
VRDN
Pre-Refunded
Power
Other

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 11/29/2024

Rating Assets
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.

INVESTMENT TEAM

Daniel S. Solender
Daniel S. Solender, CFA

Partner, Director of Tax Free Fixed Income

37 Years of Industry Experience

Gregory M. Shuman
Gregory M. Shuman, CFA

Partner, Portfolio Manager

14 Years of Industry Experience

Supported By 18 Investment Professionals with 13 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Worst as of 11/29/2024

4.85%

30-Day Standardized Yield 1 as of 11/30/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.02% 4.02%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.81%

Net 0.77%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/30/2004
w/o sales charge 7.67% 11.06% -1.14% 1.32% 3.51% 3.24%
Lipper Category Avg. High Yield Municipal Debt Funds 6.88% 10.08% -0.27% 1.72% 3.27% -
Bloomberg High Yield Municipal Bond Index 8.12% 11.36% 0.95% 3.07% 4.51% 4.99%
w/ sales charge 5.23% 8.57% -1.89% 0.86% 3.28% 3.07%

Fund Expense Ratio :

Gross 0.81%

Net 0.77%

Fund Expense Ratio :

Gross 0.81%

Net 0.77%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/30/2004
w/o sales charge 7.40% 15.38% -0.86% 1.34% 3.60% 3.25%
Lipper Category Avg. High Yield Municipal Debt Funds 6.61% 15.06% -0.09% 1.71% 3.36% -
Bloomberg High Yield Municipal Bond Index 7.48% 17.38% 1.05% 3.07% 4.52% 5.00%
w/ sales charge 4.96% 12.81% -1.62% 0.88% 3.36% 3.08%

Fund Expense Ratio :

Gross 0.81%

Net 0.77%

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 Bloomberg High Yield Municipal Bond Index
2023 7.25% 9.21%
2022 -16.53% -13.10%
2021 6.39% 7.77%
2020 3.49% 4.89%
2019 11.48% 10.68%
2018 3.79% 4.76%
2017 7.38% 9.69%
2016 2.68% 2.99%
2015 3.66% 1.81%
2014 14.50% 13.85%
2013 -6.99% -
2012 17.99% -
2011 4.55% -
2010 3.68% -
2009 35.92% -
2008 -32.87% -
2007 -7.35% -
2006 9.37% -
2005 6.63% -
Year Q1 Q2 Q3 Q4
2024 2.06% 1.49% 3.68% -
2023 2.26% 1.95% -4.25% 7.43%
2022 -8.62% -6.65% -5.38% 3.41%
2021 1.53% 3.92% -0.51% 1.36%
2020 -7.43% 4.36% 2.40% 4.61%
2019 4.17% 3.16% 2.72% 0.99%
2018 0.75% 2.79% 0.63% -0.41%
2017 2.70% 1.94% 1.97% 0.59%
2016 2.38% 4.29% 1.22% -5.00%
2015 1.56% -1.15% 1.19% 2.04%
2014 5.31% 4.09% 2.66% 1.75%
2013 1.64% -5.21% -3.47% 0.01%
2012 6.89% 3.28% 3.65% 3.11%
2011 -1.71% 5.25% 1.63% -0.56%
2010 3.26% 1.46% 4.51% -5.32%
2009 8.26% 10.13% 14.65% -0.57%
2008 -5.23% 0.14% -7.16% -23.81%
2007 1.06% -0.35% -3.13% -5.03%
2006 1.77% 1.17% 3.87% 2.26%
2005 1.73% 3.52% 0.30% 0.95%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 11/30/2024

The chart begins on the Fund's inception date of 12/30/2004.

Based on a hypothetical Class A share investment of $10,000 on 12/30/2004 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

PORTFOLIO BREAKDOWN as of 11/29/2024

Sector Assets
IDR/PCR
Healthcare/Hospital
Transportation
Education
Special Tax
GO Local
GO State
Lease
Housing
Water & Sewer
VRDN
Pre-Refunded
Power
Other

The Fund's portfolio is actively managed and is subject to change.

PORTFOLIO BREAKDOWN as of 11/29/2024

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.

PORTFOLIO BREAKDOWN as of 11/29/2024

Rating Assets
NY
CA
IL
OH
FL
Puerto Rico
PA
AL
TX
WI
AR
AZ
VA
LA
CO
UT
SC
IA
OK
NJ
MD
WA
GA
TN
ID
MN
IN
MO
OR
DC
NH
RI
KY
KS
AS
MA
NV
VT
WV
MI
DE
NC
ND
ME

The Fund's portfolio is actively managed and is subject to change.

Credit QUALITY DISTRIBUTION as of 11/29/2024

Rating Assets
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 Positioning as of 9/30/2024

  • We continue to underweight callable bonds priced close to par to improve the performance characteristics of the Fund and positioning the portfolio to have higher probabilities of performing better in a wide range of potential interest rate scenarios. Along the same lines, we have been mostly buying bonds with higher coupons and longer calls along with bonds trading at deep discounts to position in more favorable structures.
  • With the municipal yield curve showing considerable steepness from 10 to 30 years, we continue to focus on the most attractive segments of the curve from a total return and roll down perspective, while selling flatter segments of the curve or maturities that do not provide much incremental yield for added risk.
  • Although primarily invested in non-investment grade bonds, the Fund has an allocation to ‘A’ and ‘BBB’ rated bonds to provide diversification and enhance liquidity. We also believe that lower-rated investment grade bonds are showing attractive relative value in the current market environment.

Portfolio Details as of 11/29/2024

Total Net Assets
$4.16 B
Average Effective Duration
7.19 Years
Average Effective Maturity
22.2 Years
Number of Issues
608
Average Yield to Worst
4.85%

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
Buckeye Tobacco Settlement Financing Authority 5.000% 05/24/2055 2.2%
New York Transportation Development Corp 5.500% 12/21/2060 2.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 5.000% 06/22/2058 1.1%
Commonwealth Of Puerto Rico 4.000% 06/25/2046 1.1%
Berks County Municipal Authority/The 5.000% 06/26/2039 1.1%
New York Transportation Development Corp 5.500% 06/21/2060 1.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 4.750% 06/23/2053 1.0%
New York Transportation Development Corp 5.375% 06/21/2060 0.9%
Arkansas Development Finance Authority 4.500% 08/25/2049 0.9%
Ohio Air Quality Development Authority 5.000% 06/24/2049 0.8%
% of Total Assets 12.1%

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 of10/31/2024

Holding Coupon Maturity Assets
Buckeye Tobacco Settlement Financing Authority5.000% 05/24/20552.2%
New York Transportation Development Corp5.500% 12/21/20602.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue5.000% 06/22/20581.1%
Commonwealth Of Puerto Rico4.000% 06/25/20461.1%
Berks County Municipal Authority/The5.000% 06/26/20391.1%
New York Transportation Development Corp5.500% 06/21/20601.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue4.750% 06/23/20531.0%
New York Transportation Development Corp5.375% 06/21/20600.9%
Arkansas Development Finance Authority4.500% 08/25/20490.9%
Ohio Air Quality Development Authority5.000% 06/24/20490.8%
Tobacco Settlement Financing Corp/Va5.000% 05/26/20470.8%
Tobacco Settlement Financing Corp/Va0.000% 05/26/20470.8%
California Statewide Communities Development Autho5.250% 11/22/20560.7%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit5.000% 06/25/20470.7%
City Of New York Ny4.000% 11/07/20240.7%
Iowa Finance Authority5.000% 11/24/20500.7%
Golden State Tobacco Securitization Corp0.000% 05/21/20660.6%
Pennsylvania Economic Development Financing Author6.000% 06/20/20610.6%
Mobile County Industrial Development Authority5.000% 05/24/20540.6%
Chicago Board Of Education4.000% 11/25/20470.6%
Oklahoma Development Finance Authority5.500% 08/06/20570.6%
Tuscaloosa County Industrial Development Authority5.250% 04/26/20440.6%
Louisiana Public Facilities Authority5.750% 08/21/20640.6%
Clifton Higher Education Finance Corp6.125% 08/08/20480.6%
California Community Choice Financing Authority5.250% 12/24/20530.5%
New York Transportation Development Corp5.000% 07/30/20310.5%
California Statewide Communities Development Autho5.500% 11/22/20580.5%
Public Finance Authority4.250% 06/23/20540.5%
Port Of Beaumont Navigation District5.250% 12/24/20530.5%
Sierra Vista Industrial Development Authority5.750% 06/06/20580.5%
County Of Muskingum Oh5.000% 02/10/20440.5%
Monroe County Hospital Authority/Pa5.100% 06/12/20390.5%
Arkansas Development Finance Authority7.375% 06/25/20480.5%
Iowa Finance Authority4.750% 07/27/20420.5%
City Of Chicago Il6.000% 12/28/20370.5%
South Carolina Jobs-Economic Development Authority7.750% 11/06/20580.5%
Black Belt Energy Gas District5.250% 01/24/20530.5%
Arkansas Development Finance Authority5.450% 08/24/20520.5%
Arkansas Development Finance Authority5.700% 04/23/20530.5%
City Of Houston Tx Airport System Revenue5.000% 06/29/20290.5%
Hoover Industrial Development Board5.750% 09/24/20490.5%
Commonwealth Of Puerto Rico4.000% 06/26/20410.4%
Capital Trust Agency Inc5.000% 06/23/20560.4%
New York Transportation Development Corp6.000% 06/22/20540.4%
Florida Development Finance Corp12.000% 07/12/20320.4%
Black Belt Energy Gas District5.500% 10/24/20530.4%
California Community Choice Financing Authority5.000% 12/24/20540.4%
Oklahoma Development Finance Authority5.250% 08/08/20480.4%
New Hampshire Business Finance Authority4.875% 10/27/20420.4%
County Of Washington Oh6.750% 11/23/20520.4%
Bucks County Industrial Development Authority4.000% 06/25/20460.4%
Commonwealth Of Puerto Rico0.000% 10/26/20510.4%
Berks County Municipal Authority/The0.000% 06/25/20440.4%
State Of Illinois5.500% 02/23/20470.4%
City Of Osceola Ar5.500% 03/29/20360.4%
City Of Fruita Co Healthcare Revenue5.500% 12/26/20470.4%
Patriots Energy Group Financing Agency5.250% 09/23/20540.4%
California Community Choice Financing Authority5.000% 04/23/20540.4%
Texas Municipal Gas Acquisition & Supply Corp Iv5.500% 12/24/20530.4%
California Community Housing Agency4.000% 01/25/20500.4%
E-470 Public Highway Authority0.000% 08/30/20310.4%
Oklahoma Development Finance Authority5.500% 08/07/20520.4%
Public Finance Authority10.000% 10/28/20380.4%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.329% 06/27/20400.4%
Public Finance Authority7.500% 06/22/20590.4%
New Jersey Economic Development Authority5.250% 09/13/20290.4%
Louisiana Public Facilities Authority5.250% 09/23/20530.4%
New York Transportation Development Corp5.625% 03/28/20400.3%
California Municipal Finance Authority5.000% 12/26/20430.3%
Grapevine Wash Local District6.000% 02/21/20550.3%
California Statewide Communities Development Autho5.500% 11/23/20540.3%
Development Authority Of The City Of Marietta5.000% 10/28/20370.3%
Maryland Economic Development Corp5.250% 06/22/20550.3%
Development Authority Of Appling County4.200% 11/01/20240.3%
Black Desert Public Infrastructure District5.625% 11/23/20530.3%
California Statewide Communities Development Autho5.250% 11/25/20440.3%
Jefferson County Port Authority/Oh5.000% 11/23/20530.3%
Mission Economic Development Corp4.625% 09/29/20310.3%
New Jersey Economic Development Authority5.000% 10/24/20520.3%
County Of Jefferson Al Sewer Revenue5.500% 09/23/20530.3%
Idaho Falls Auditorium District5.250% 05/08/20510.3%
California Infrastructure & Economic Development B8.000% 08/15/20250.3%
Duluth Economic Development Authority5.250% 02/06/20580.3%
Tender Option Bond Trust Receipts/Certificates-4.850% 04/29/20330.3%
New York Liberty Development Corp5.000% 11/09/20440.3%
County Of Jefferson Al Sewer Revenue5.250% 09/24/20490.3%
Cleveland-Cuyahoga County Port Authority5.500% 11/23/20530.3%
Cscda Community Improvement Authority3.000% 05/26/20470.3%
Allentown Neighborhood Improvement Zone Developmen6.000% 04/30/20310.3%
Illinois Finance Authority7.375% 08/27/20420.3%
Tsasc Inc/Ny5.000% 05/26/20480.3%
Southeast Alabama Gas Supply District/The5.000% 07/24/20540.3%
Arkansas Development Finance Authority6.875% 06/25/20480.3%
Tender Option Bond Trust Receipts/Certificates5.319% 06/29/20320.3%
Public Finance Authority5.500% 12/13/20280.3%
Public Finance Authority5.000% 06/26/20420.3%
Cscda Community Improvement Authority3.125% 07/23/20560.3%
California Municipal Finance Authority5.625% 02/23/20450.3%
Buffalo & Erie County Industrial Land Development5.000% 06/27/20400.3%
New York Transportation Development Corp5.000% 09/28/20350.3%
Port Authority Of New York & New Jersey5.000% 11/10/20410.3%
Public Finance Authority5.750% 06/29/20330.3%
Iowa Finance Authority5.000% 11/24/20500.3%
Wisconsin Health & Educational Facilities Authorit5.500% 02/07/20540.3%
City Of New York Ny4.000% 11/07/20240.3%
Jefferson County Public Hospital District No 26.875% 11/23/20530.3%
City Of Henderson Ky4.700% 12/25/20510.3%
West Pace Cooperative District0.000% 04/27/20390.3%
California Community Housing Agency5.000% 07/25/20500.3%
California Community Housing Agency3.000% 01/23/20570.3%
Metropolitan Nashville Airport Authority/The5.500% 06/24/20520.3%
Black Belt Energy Gas District5.500% 05/25/20490.2%
Cscda Community Improvement Authority4.000% 11/22/20560.2%
Tender Option Bond Trust Receipts/Certificates7.000% 12/31/20310.2%
New York Transportation Development Corp6.000% 03/29/20350.2%
Chicago Board Of Education5.000% 11/28/20340.2%
Chicago Board Of Education4.000% 11/26/20410.2%
New York Transportation Development Corp5.375% 07/28/20360.2%
Main Street Natural Gas Inc5.000% 11/23/20520.2%
Niagara Area Development Corp4.750% 10/27/20420.2%
South Carolina Jobs-Economic Development Authority7.500% 11/07/20530.2%
District Of Columbia Tobacco Settlement Financing0.000% 06/07/20550.2%
Capital Trust Agency Inc5.000% 06/08/20490.2%
City Of Chicago Il5.500% 12/25/20480.2%
Vermont Economic Development Authority5.000% 05/25/20520.2%
Capital Trust Agency Inc5.000% 12/08/20500.2%
Cscda Community Improvement Authority4.000% 05/23/20570.2%
Florida Development Finance Corp6.125% 06/29/20320.2%
Massachusetts Development Finance Agency4.000% 06/26/20440.2%
Roanoke County Economic Development Authority5.500% 08/23/20580.2%
Chicago Board Of Education Dedicated Capital Impro5.750% 03/26/20480.2%
Virginia Beach Development Authority7.000% 08/24/20530.2%
State Of Illinois5.500% 04/27/20390.2%
Grays Harbor County Public Hospital District No 16.875% 11/23/20530.2%
Maryland Economic Development Corp5.750% 12/31/20240.2%
Public Finance Authority7.250% 11/26/20420.2%
Public Finance Authority7.500% 11/23/20520.2%
City Of Chicago Il5.000% 12/26/20440.2%
Massachusetts Development Finance Agency8.500% 10/01/20250.2%
Florida Development Finance Corp6.750% 06/07/20530.2%
Idaho Health Facilities Authority7.000% 10/25/20480.2%
New York Transportation Development Corp5.250% 12/25/20490.2%
Astoria Hospital Facilities Authority5.250% 07/24/20540.2%
City Of Chicago Il5.250% 12/26/20440.2%
Florida Higher Educational Facilities Financial Au5.000% 05/26/20480.2%
Tsasc Inc/Ny5.000% 05/26/20450.2%
New York Transportation Development Corp5.250% 07/30/20310.2%
California Public Finance Authority0.000% 05/14/20280.2%
New York Transportation Development Corp5.000% 09/26/20400.2%
City Of Los Angeles Department Of Airports5.000% 05/11/20400.2%
Inland Empire Tobacco Securitization Corp0.000% 05/29/20360.2%
Parish Of St James La6.350% 09/26/20400.2%
Tender Option Bond Trust Receipts/Certificates4.914% 08/13/20330.2%
Grays Harbor County Public Hospital District No 16.875% 11/24/20490.2%
Energy Southeast A Cooperative District5.750% 03/24/20540.2%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit4.000% 06/26/20420.2%
Florida Development Finance Corp4.375% 09/23/20540.2%
Industrial Development Authority Of The City Of St4.750% 11/09/20470.2%
Maryland Economic Development Corp4.000% 08/25/20500.2%
Military Installation Development Authority4.000% 05/25/20520.2%
Public Finance Authority5.000% 09/27/20390.2%
Niagara Area Development Corp5.000% 06/24/20520.2%
Metropolitan Transportation Authority5.250% 11/08/20490.2%
Miami-Dade County Industrial Development Authority6.250% 12/23/20580.2%
Tender Option Bond Trust Receipts/Certificates-4.730% 12/31/20290.2%
Cmfa Special Finance Agency4.000% 11/25/20450.2%
Empire State Development Corp3.000% 03/08/20490.2%
Idaho Health Facilities Authority7.125% 10/23/20570.2%
Grapevine Wash Local District5.250% 11/25/20440.2%
Tobacco Settlement Financing Corp5.000% 05/26/20460.2%
Tender Option Bond Trust Receipts/Certificates5.260% 05/14/20300.2%
State Of Illinois5.000% 11/24/20480.2%
American Samoa Economic Development Authority7.125% 08/28/20380.2%
Metropolitan Washington Airports Authority Aviatio5.500% 09/23/20540.2%
Pajaro Valley Health Care District5.000% 08/24/20540.2%
City Of Colby Ks5.500% 06/30/20260.2%
Commonwealth Of Puerto Rico0.000% 10/28/20430.2%
Jefferson County Port Authority/Oh3.500% 11/24/20510.2%
Tender Option Bond Trust Receipts/Certificates5.250% 03/13/20340.2%
Chicago Board Of Education5.875% 11/25/20470.2%
Spring Valley Community Infrastructure District No6.250% 08/24/20530.2%
Florida Development Finance Corp5.250% 07/30/20290.2%
Mida Mountain Village Public Infrastructure Distri4.000% 07/25/20500.2%
Industrial Development Authority Of The City Of Ph5.000% 06/25/20450.2%
Maricopa County Industrial Development Authority5.500% 09/24/20510.2%
Village Community Development District No 154.800% 04/23/20550.2%
City Of New York Ny4.000% 11/01/20240.2%
Maricopa County Industrial Development Authority4.000% 10/09/20470.2%
Parish Of St James La6.100% 05/28/20380.2%
Public Finance Authority5.125% 05/26/20480.2%
Tender Option Bond Trust Receipts/Certificates5.500% 10/30/20340.2%
Chicago Board Of Education7.000% 11/25/20460.2%
New Jersey Economic Development Authority5.500% 05/29/20330.2%
New York State Dormitory Authority5.500% 09/23/20540.2%
Rhode Island Health And Educational Building Corp5.000% 08/28/20360.2%
Maryland Economic Development Corp0.000% 11/29/20310.2%
Port Of Portland Or Airport Revenue5.500% 06/25/20480.2%
California Statewide Financing Authority0.000% 05/26/20460.2%
Shelby County Health Educational & Housing Facilit5.750% 09/22/20590.2%
Black Belt Energy Gas District5.250% 04/23/20550.2%
Berks County Municipal Authority/The8.000% 09/17/20330.2%
Celebration Pointe Community Development District5.000% 04/25/20480.2%
Iowa Finance Authority7.500% 05/07/20530.2%
Clifton Higher Education Finance Corp5.750% 08/09/20450.2%
Energy Southeast A Cooperative District5.250% 06/23/20540.2%
Moon Industrial Development Authority6.000% 06/25/20450.2%
New Jersey Economic Development Authority5.625% 12/25/20510.2%
State Of Illinois5.500% 04/25/20470.2%
Holmes County Hospital Corp0.000% 10/29/20380.2%
Virginia Small Business Financing Authority4.000% 12/26/20470.2%
Chicago O'Hare International Airport5.500% 12/23/20580.2%
County Of Howard Md5.000% 03/26/20460.2%
Capital Trust Agency Inc6.375% 04/23/20530.2%
Polk County Industrial Development Authority/Fl5.875% 12/29/20320.2%
South Carolina Public Service Authority5.500% 11/23/20540.2%
City Of Jacksonville Fl5.000% 05/24/20530.2%
City Of Valparaiso In5.000% 12/24/20530.2%
Louisiana Local Government Environmental Facilitie6.250% 11/09/20450.2%
Connecticut State Health & Educational Facilities3.600% 11/01/20240.2%
Chicago Transit Authority Sales Tax Receipts Fund5.000% 11/25/20460.2%
Oklahoma Development Finance Authority5.000% 08/11/20380.2%
Peninsula Town Center Community Development Author5.000% 08/26/20450.2%
California Statewide Communities Development Autho5.000% 11/25/20460.2%
Industrial Development Authority Of The County Of7.000% 11/06/20570.2%
Skagit County Public Hospital District No 15.500% 11/29/20330.2%
University City Industrial Development Authority5.500% 06/10/20420.2%
Capital Trust Authority12.000% 04/03/20250.1%
Greater Orlando Aviation Authority4.000% 09/24/20490.1%
Duluth Economic Development Authority5.250% 06/08/20520.1%
Kremmling Memorial Hospital District6.625% 11/22/20560.1%
Maricopa County Industrial Development Authority6.500% 06/23/20540.1%
Metropolitan Pier & Exposition Authority0.000% 12/11/20370.1%
State Of Illinois5.500% 02/24/20420.1%
Indiana Finance Authority5.375% 05/22/20640.1%
Greater Orlando Aviation Authority5.000% 11/11/20360.1%
Industrial Development Authority Of The County Of5.000% 06/24/20490.1%
Maryland Economic Development Corp6.000% 06/22/20580.1%
Parish Of St James La6.350% 06/27/20400.1%
California Municipal Finance Authority6.375% 06/05/20640.1%
Astoria Hospital Facilities Authority5.250% 07/25/20490.1%
Rocky Mountain Rail Park Metropolitan District5.000% 11/24/20510.1%
South Carolina Jobs-Economic Development Authority5.000% 10/26/20460.1%
Public Finance Authority5.750% 06/29/20330.1%
Southeast Energy Authority A Cooperative District5.500% 12/24/20520.1%
Texas Private Activity Bond Surface Transportation5.500% 12/22/20580.1%
Chicago Board Of Education5.000% 11/29/20300.1%
Chicago Board Of Education6.000% 11/24/20490.1%
Municipal Electric Authority Of Georgia5.250% 12/24/20530.1%
New Hampshire Business Finance Authority6.250% 06/13/20340.1%
Port Authority Of New York & New Jersey5.250% 07/26/20470.1%
Maryland Economic Development Corp5.250% 06/21/20640.1%
Silicon Valley Tobacco Securitization Authority0.000% 05/29/20360.1%
Washington State Convention Center Public Faciliti4.000% 06/22/20580.1%
Chicago Board Of Education6.500% 11/25/20460.1%
Maryland Economic Development Corp5.000% 06/23/20540.1%
Chicago Board Of Education5.000% 11/29/20290.1%
Foothill-Eastern Transportation Corridor Agency3.950% 01/07/20530.1%
San Diego County Regional Airport Authority5.000% 06/23/20560.1%
City Of Houston Tx Airport System Revenue5.000% 07/13/20280.1%
Industrial Development Authority Of The City Of Ph5.000% 06/25/20460.1%
New York Liberty Development Corp5.150% 11/12/20340.1%
Tender Option Bond Trust Receipts/Certificates-4.750% 06/29/20320.1%
City Of Minneapolis Mn5.000% 11/08/20490.1%
California Municipal Finance Authority4.000% 12/25/20470.1%
Florida Development Finance Corp6.125% 06/09/20460.1%
New York Liberty Development Corp5.375% 11/10/20400.1%
Cscda Community Improvement Authority3.000% 02/20/20570.1%
Parish Of Beauregard La6.800% 01/31/20270.1%
Prince George's County Revenue Authority5.000% 06/25/20460.1%
County Of Cuyahoga Oh5.500% 02/06/20570.1%
County Of Tuscarawas Oh6.000% 02/23/20450.1%
Utah Charter School Finance Authority5.375% 06/09/20480.1%
Washington State Convention Center Public Faciliti3.000% 06/25/20480.1%
Grant County Public Hospital District No 15.125% 11/29/20330.1%
Ohio Higher Educational Facility Commission5.250% 04/23/20540.1%
Pennsylvania Economic Development Financing Author9.000% 03/25/20510.1%
Southeastern Ohio Port Authority5.500% 11/26/20430.1%
Massachusetts Development Finance Agency5.000% 06/24/20510.1%
Arlington Higher Education Finance Corp5.500% 08/10/20460.1%
Care New England Health System5.500% 09/01/20260.1%
Illinois Finance Authority5.625% 07/24/20530.1%
Rhode Island Health And Educational Building Corp5.250% 05/07/20540.1%
Tender Option Bond Trust Receipts/Certificates5.250% 06/29/20340.1%
Lakewood Ranch Stewardship District6.300% 04/23/20540.1%
New York Transportation Development Corp4.000% 06/26/20410.1%
Board Of Managers Joint Guadalupe County-City Of S5.000% 11/26/20400.1%
North Parkway Municipal Management District No 15.000% 09/08/20510.1%
Public Finance Authority5.000% 05/27/20410.1%
Miami World Center Community Development District5.250% 10/25/20490.1%
New York State Dormitory Authority4.000% 06/25/20450.1%
New Hampshire Business Finance Authority5.625% 12/13/20330.1%
Main Street Natural Gas Inc5.000% 11/23/20540.1%
Pennsylvania Economic Development Financing Author5.250% 11/27/20370.1%
Boggy Creek Improvement District5.375% 04/30/20320.1%
Industrial Development Authority Of The County Of6.875% 11/07/20520.1%
Jefferson Parish Economic Development & Port Distr5.625% 06/09/20480.1%
State Of Illinois5.500% 09/27/20390.1%
Allegheny County Industrial Development Authority5.125% 04/29/20300.1%
Public Finance Authority4.625% 05/29/20360.1%
City Of Houston Tx Airport System Revenue4.000% 07/10/20410.1%
Kremmling Memorial Hospital District6.375% 11/24/20490.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/23/20530.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/25/20480.1%
New York City Industrial Development Agency5.000% 06/30/20280.1%
Main Street Natural Gas Inc5.000% 05/24/20530.1%
Village Community Development District No 155.250% 04/23/20540.1%
Louisiana Public Facilities Authority5.500% 08/23/20590.1%
Burbank-Glendale-Pasadena Airport Authority Brick5.250% 06/24/20490.1%
Hobe-St Lucie Conservancy District5.875% 04/23/20550.1%
New York State Thruway Authority3.000% 12/26/20500.1%
Pennsylvania Turnpike Commission Oil Franchise Tax3.000% 11/24/20510.1%
City Of Chicago Il5.000% 12/27/20430.1%
Tobacco Settlement Financing Corp/Ri0.000% 05/25/20520.1%
Village Metropolitan District/The5.000% 11/24/20490.1%
Indiana Finance Authority6.750% 04/27/20390.1%
Babcock Ranch Community Independent Special Distri5.000% 04/23/20530.1%
Chicago Board Of Education7.000% 11/25/20440.1%
Chicago Board Of Education5.000% 11/27/20360.1%
Indiana Finance Authority5.250% 06/21/20640.1%
King County Public Hospital District No 46.250% 11/25/20450.1%
Onondaga Civic Development Corp5.375% 07/24/20540.1%
West Virginia Economic Development Authority4.700% 06/17/20260.1%
Antelope Valley Healthcare District5.000% 02/24/20410.1%
City Of New York Ny4.000% 11/01/20240.1%
Louisiana Public Facilities Authority6.500% 09/23/20530.1%
Maricopa County Industrial Development Authority5.000% 06/25/20470.1%
Avenir Community Development District5.625% 04/23/20540.1%
Build Nyc Resource Corp5.750% 05/22/20620.1%
Wisconsin Health & Educational Facilities Authorit5.375% 01/26/20480.1%
New Jersey Economic Development Authority5.000% 06/10/20430.1%
Tender Option Bond Trust Receipts/Certificates6.290% 05/14/20300.1%
Cabot Citrus Farms Community Development District5.250% 02/27/20290.1%
Florida Development Finance Corp5.000% 07/09/20460.1%
California Municipal Finance Authority3.000% 01/26/20460.1%
City Of Compton Ca Water Revenue6.000% 07/28/20390.1%
New York State Dormitory Authority5.000% 07/10/20420.1%
Port Authority Of New York & New Jersey5.500% 07/24/20520.1%
Denver Health & Hospital Authority5.250% 11/25/20450.1%
Municipal Electric Authority Of Georgia5.250% 12/25/20480.1%
Industrial Development Authority Of The County Of5.000% 06/23/20550.1%
Maricopa County Industrial Development Authority6.250% 06/26/20440.1%
Allentown Neighborhood Improvement Zone Developmen6.000% 04/29/20340.1%
Chester County Health And Education Facilities Aut5.000% 10/28/20370.1%
City Of Houston Tx Airport System Revenue5.000% 07/13/20280.1%
Mida Mountain Veterans Program Public Infrastructu5.200% 05/24/20540.1%
West Virginia Hospital Finance Authority6.000% 08/24/20530.1%
South Carolina Jobs-Economic Development Authority5.000% 10/27/20420.1%
Westchester County Local Development Corp5.000% 10/26/20470.1%
Public Finance Authority5.375% 12/12/20320.1%
South Carolina Jobs-Economic Development Authority5.750% 11/13/20290.1%
Berks County Municipal Authority/The6.000% 06/27/20340.1%
Cleveland-Cuyahoga County Port Authority5.500% 11/26/20430.1%
Philadelphia Authority For Industrial Development6.625% 05/25/20500.1%
Washington State Convention Center Public Faciliti3.000% 06/26/20430.1%
City Of Chicago Il5.500% 01/01/20250.1%
Cscda Community Improvement Authority4.000% 01/23/20570.1%
Fayette County Development Authority5.250% 09/23/20540.1%
City Of Fruita Co Healthcare Revenue5.375% 12/29/20320.1%
Columbus-Franklin County Finance Authority6.500% 02/24/20480.1%
Inland Empire Tobacco Securitization Corp0.000% 05/23/20570.1%
Inland Valley Development Agency5.250% 08/28/20370.1%
Mida Mountain Village Public Infrastructure Distri5.000% 07/25/20500.1%
Prairie Center Metropolitan District No 35.875% 12/09/20460.1%
Celebration Pointe Community Development District3.375% 04/26/20410.1%
Chester County Health And Education Facilities Aut5.000% 10/26/20460.1%
Indiana Finance Authority5.000% 05/24/20530.1%
New York Liberty Development Corp3.000% 02/11/20420.1%
Avenir Community Development District5.375% 04/26/20430.1%
City Of Chicago Il5.500% 01/01/20250.1%
Colorado Educational & Cultural Facilities Authori5.800% 03/24/20540.1%
Industrial Development Authority Of The City Of St4.375% 11/12/20350.1%
Jefferson Parish Economic Development & Port Distr5.500% 06/11/20380.1%
Maricopa County Industrial Development Authority6.625% 06/22/20590.1%
Antelope Valley Healthcare District5.000% 02/23/20460.1%
Massachusetts Development Finance Agency5.000% 06/26/20410.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/23/20530.1%
Pefa Inc5.000% 08/25/20490.1%
Town Of Bridgeville De5.625% 06/23/20530.1%
California Statewide Communities Development Autho5.250% 11/24/20480.1%
City Of Reno Nv0.000% 06/22/20580.1%
Holmes County Hospital Corp0.000% 11/01/20260.1%
Nassau County Tobacco Settlement Corp5.250% 05/31/20260.1%
Allentown Neighborhood Improvement Zone Developmen5.250% 04/26/20420.1%
Florida Development Finance Corp5.000% 09/08/20500.1%
Maryland Economic Development Corp5.125% 06/22/20590.1%
Nassau County Tobacco Settlement Corp0.000% 05/23/20600.1%
New York State Dormitory Authority5.250% 09/24/20490.1%
Virginia Small Business Financing Authority5.000% 12/26/20470.1%
Burbank-Glendale-Pasadena Airport Authority Brick5.250% 06/23/20540.1%
Parish Of St James La6.100% 11/26/20400.1%
Arizona Industrial Development Authority5.750% 06/23/20530.1%
Upper San Juan Health Service District Medical Cen6.125% 06/01/20260.1%
Scranton Redevelopment Authority5.000% 11/20/20240.1%
Chester County Industrial Development Authority5.250% 10/09/20470.1%
County Of Wilson Ks5.600% 08/29/20360.1%
Nassau County Tobacco Settlement Corp5.000% 05/29/20350.1%
Ohio Higher Educational Facility Commission5.250% 04/24/20490.1%
Tobacco Securitization Authority Of Southern Calif0.000% 05/26/20460.1%
New Jersey Health Care Facilities Financing Author3.000% 06/24/20510.1%
Arizona Industrial Development Authority5.500% 06/24/20520.1%
California Municipal Finance Authority6.200% 06/07/20540.1%
Niagara Area Development Corp4.500% 06/24/20520.1%
Oklahoma Development Finance Authority5.450% 06/20/20280.1%
North Parkway Municipal Management District No 14.750% 09/10/20410.1%
Maricopa County Industrial Development Authority5.250% 09/26/20400.1%
New Hampshire Business Finance Authority5.000% 06/24/20510.1%
Rockland Tobacco Asset Securitization Corp0.000% 08/05/20600.1%
County Of Muskingum Oh5.000% 02/12/20330.1%
Glendale Industrial Development Authority5.000% 11/10/20400.1%
Kansas City Industrial Development Authority5.000% 05/26/20460.1%
Michigan Tobacco Settlement Finance Authority0.000% 05/23/20580.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/28/20330.1%
Camden County Improvement Authority/The6.000% 06/05/20620.1%
City Of Blaine Mn6.125% 06/24/20500.1%
City Of Salt Lake City Ut Airport Revenue5.500% 06/23/20530.1%
State Of Illinois5.250% 04/25/20450.1%
Tulsa Airports Improvement Trust5.500% 11/28/20350.1%
Cscda Community Improvement Authority4.000% 02/20/20570.1%
Knox County Health Educational & Housing Facility5.250% 06/24/20490.1%
Public Finance Authority5.000% 09/28/20340.1%
Washington State Housing Finance Commission5.500% 06/22/20590.1%
Crawford County Hospital Authority6.000% 05/25/20510.1%
Maryland Economic Development Corp5.250% 06/24/20470.1%
Calhoun County Navigation Industrial Development A3.625% 06/30/20260.1%
Chicago Board Of Education5.000% 11/29/20310.1%
Chicago Board Of Education4.000% 11/26/20430.1%
Chicago Board Of Education Dedicated Capital Impro5.000% 03/30/20330.1%
Tobacco Settlement Financing Corp/Va0.000% 05/26/20470.1%
Allentown Neighborhood Improvement Zone Developmen5.250% 04/29/20340.1%
Arizona Industrial Development Authority6.000% 06/25/20470.1%
Wisconsin Health & Educational Facilities Authorit5.750% 08/06/20590.1%
Philadelphia Authority For Industrial Development6.500% 05/26/20450.1%
River Islands Public Financing Authority5.000% 08/24/20540.1%
Southwestern Illinois Development Authority5.750% 07/27/20420.1%
Westchester County Local Development Corp5.750% 10/24/20530.1%
Allentown Neighborhood Improvement Zone Developmen5.000% 04/29/20320.1%
Michigan Finance Authority5.000% 08/26/20500.1%
Reno-Tahoe Airport Authority5.250% 06/23/20540.1%
Washington State Housing Finance Commission6.250% 06/30/20300.1%
Knox County Health Educational & Housing Facility5.250% 06/21/20640.1%
Normandy Community Development District5.550% 04/23/20540.1%
South Carolina Jobs-Economic Development Authority5.750% 11/07/20540.1%
Westview South Community Development District5.600% 04/23/20530.1%
American Samoa Economic Development Authority6.500% 08/30/20280.1%
California School Finance Authority5.125% 11/30/20240.1%
Florida Development Finance Corp6.375% 05/12/20370.1%
Kentucky Public Energy Authority5.000% 04/23/20550.1%
Columbus-Franklin County Finance Authority6.500% 02/21/20530.1%
New Jersey Transportation Trust Fund Authority5.500% 06/08/20500.1%
American Samoa Economic Development Authority6.625% 08/29/20350.1%
California Educational Facilities Authority5.500% 09/23/20530.1%
City Of Chicago Il5.500% 12/28/20380.1%
Colorado Educational & Cultural Facilities Authori5.750% 03/23/20590.1%
Palm Beach County Health Facilities Authority7.625% 05/14/20300.1%
West Virginia Hospital Finance Authority6.000% 08/25/20480.1%
Anson Education Facilities Corp5.000% 08/15/20260.1%
Arizona Industrial Development Authority5.625% 06/25/20480.1%
Crawford County Hospital Authority6.000% 05/26/20460.1%
Upper San Juan Health Service District Medical Cen6.000% 06/01/20260.1%
California Statewide Financing Authority0.000% 05/24/20550.1%
County Of Pasco Fl5.750% 08/24/20540.1%
Reno-Tahoe Airport Authority5.250% 06/24/20490.1%
Chicago Board Of Education6.750% 11/29/20300.1%
District Of Columbia Tobacco Settlement Financing Corp0.000% 06/07/20550.1%
Doylestown Hospital Authority5.375% 06/27/20390.1%
Main Street Natural Gas Inc4.000% 08/24/20520.1%
Maryland Economic Development Corp5.750% 06/23/20530.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/25/20480.1%
Washington State Housing Finance Commission6.375% 06/30/20300.1%
Anne Arundel County Consolidated Special Taxing Di5.250% 06/26/20440.1%
Fayette County Development Authority5.250% 09/24/20490.1%
Greater Asheville Regional Airport Authority5.250% 06/23/20530.1%
Louisiana Public Facilities Authority6.750% 09/23/20530.1%
Main Street Natural Gas Inc4.000% 04/24/20520.1%
Clarksville Public Educational Facilities Board6.250% 07/23/20560.1%
City Of Valparaiso In4.875% 12/27/20430.1%
Washington State Housing Finance Commission5.000% 06/23/20540.1%
City Of Wichita Ks5.750% 05/09/20450.1%
City Of Wichita Ks5.875% 05/08/20500.1%
Village Metropolitan District/The5.000% 11/26/20400.1%
City Of Reno Nv0.000% 06/22/20580.0%
New York Liberty Development Corp3.125% 09/08/20500.0%
New York State Environmental Facilities Corp3.125% 06/01/20260.0%
Public Finance Authority5.000% 12/07/20540.0%
Public Finance Authority5.250% 09/26/20430.0%
Rhode Island Health And Educational Building Corp5.250% 05/08/20490.0%
Capital Trust Agency Inc5.000% 06/11/20390.0%
Hobe-St Lucie Conservancy District5.600% 04/26/20440.0%
New York State Dormitory Authority3.000% 03/08/20490.0%
County Of Monongalia Wv6.000% 05/24/20530.0%
Maryland Economic Development Corp0.000% 11/29/20310.0%
Silicon Valley Tobacco Securitization Authority0.000% 05/24/20560.0%
State Of Illinois5.250% 04/24/20490.0%
Boggy Creek Improvement District5.125% 04/30/20320.0%
California Municipal Finance Authority5.000% 03/24/20540.0%
County Of Howard Md5.000% 03/27/20440.0%
Atlanta Development Authority/The0.000% 12/28/20390.0%
Capital Projects Finance Authority/Fl5.000% 10/25/20530.0%
California Statewide Communities Development Autho5.000% 11/26/20410.0%
Capital Projects Finance Authority/Fl5.000% 10/24/20580.0%
Rocky Mountain Rail Park Metropolitan District5.000% 11/26/20410.0%
Town Of Bridgeville De5.250% 06/26/20440.0%
Harris County Cultural Education Facilities Financ5.125% 12/26/20470.0%
New Jersey Transportation Trust Fund Authority5.250% 06/10/20410.0%
State Of Illinois5.250% 04/25/20470.0%
State Of Illinois5.250% 04/25/20480.0%
Washington State Convention Center Public Faciliti3.000% 06/22/20580.0%
Westview South Community Development District5.375% 04/26/20430.0%
Michigan Finance Authority4.800% 08/28/20400.0%
Mineral Business Improvement District5.750% 11/23/20540.0%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit5.000% 06/28/20350.0%
Chicago Board Of Education5.000% 11/28/20330.0%
Crosswinds East Community Development District5.750% 04/23/20540.0%
New Jersey Economic Development Authority5.000% 05/29/20360.0%
North Carolina Medical Care Commission5.500% 08/24/20540.0%
City Of Wichita Ks5.250% 05/11/20390.0%
Downtown Doral South Community Development Distric5.000% 12/08/20480.0%
Michigan Finance Authority5.500% 02/19/20570.0%
Town Of Rumford Me6.875% 09/30/20260.0%
Cleveland-Cuyahoga County Port Authority5.250% 11/27/20380.0%
Florida Development Finance Corp5.000% 09/10/20400.0%
Illinois Finance Authority5.500% 07/27/20430.0%
Indiana Finance Authority5.000% 06/23/20540.0%
Kansas City Industrial Development Authority5.000% 05/24/20540.0%
Normandy Community Development District5.300% 04/26/20440.0%
Washington State Housing Finance Commission5.500% 06/26/20440.0%
Westchester County Local Development Corp6.250% 10/24/20520.0%
California Public Finance Authority0.000% 05/14/20280.0%
Erie Tobacco Asset Securitization Corp0.000% 05/24/20600.0%
Glendale Industrial Development Authority5.000% 11/11/20360.0%
Indiana Finance Authority5.000% 06/22/20590.0%
Arlington Higher Education Finance Corp5.000% 06/05/20640.0%
Capital Projects Finance Authority/Fl5.000% 10/26/20480.0%
Build Nyc Resource Corp5.750% 05/25/20520.0%
City Of Horace Nd5.000% 04/24/20500.0%
City Of New Haven Ct5.500% 07/31/20280.0%
Greater Asheville Regional Airport Authority5.250% 06/25/20480.0%
New York Transportation Development Corp5.000% 07/31/20260.0%
Wisconsin Health & Educational Facilities Authorit5.250% 02/07/20540.0%
South Carolina Jobs-Economic Development Authority5.500% 11/09/20440.0%
City Of Horace Nd4.500% 04/27/20390.0%
Clarksville Public Educational Facilities Board6.250% 07/25/20490.0%
New Hampshire Business Finance Authority4.000% 10/31/20270.0%
Peninsula Town Center Community Development Author4.500% 08/26/20450.0%
Capital Trust Authority6.000% 06/07/20540.0%
Massachusetts Development Finance Agency5.000% 06/23/20540.0%
Michigan Finance Authority5.500% 02/21/20490.0%
New Jersey Economic Development Authority5.375% 12/27/20420.0%
Knox County Health Educational & Housing Facility5.125% 06/22/20590.0%
Palm Beach County Health Facilities Authority7.500% 05/14/20300.0%
University City Industrial Development Authority4.875% 06/12/20360.0%
Arlington Higher Education Finance Corp4.875% 06/07/20540.0%
County Of Monongalia Wv5.750% 05/27/20430.0%
Massachusetts Development Finance Agency5.000% 06/22/20600.0%
Monroe Tobacco Asset Securitization Corp0.000% 05/23/20610.0%
New Jersey Transportation Trust Fund Authority5.250% 06/10/20420.0%
Public Finance Authority0.000% 10/27/20460.0%
Washington State Housing Finance Commission5.500% 06/24/20490.0%
Anne Arundel County Consolidated Special Taxing Di5.125% 06/28/20360.0%
Capital Projects Finance Authority/Fl5.000% 10/30/20330.0%
Clarksville Public Educational Facilities Board6.000% 07/26/20440.0%
Crosswinds East Community Development District5.500% 04/26/20440.0%
District Of Columbia Tobacco Settlement Financing0.000% 06/09/20460.0%
Kentucky Economic Development Finance Authority5.375% 11/12/20320.0%
Maricopa County Industrial Development Authority6.750% 06/21/20630.0%
New York State Environmental Facilities Corp5.125% 08/25/20500.0%
Sierra Vista Industrial Development Authority5.000% 06/05/20640.0%
Westview South Community Development District5.375% 04/26/20430.0%
Westview South Community Development District5.625% 04/23/20530.0%
Antelope Valley Healthcare District5.250% 02/27/20360.0%
Capital Projects Finance Authority/Fl5.000% 10/30/20330.0%
City Of Chicago Il5.500% 12/28/20360.0%
Oklahoma Development Finance Authority5.500% 08/13/20320.0%
Parish Of St James La5.850% 06/01/20250.0%
Pennsylvania Economic Development Financing Author5.500% 10/26/20440.0%
Sierra Vista Industrial Development Authority5.000% 06/07/20540.0%
Sierra Vista Industrial Development Authority5.000% 06/06/20590.0%
Arlington Higher Education Finance Corp4.875% 06/06/20590.0%
Port Of Port Arthur Navigation District4.300% 11/07/20240.0%
Arlington Higher Education Finance Corp4.750% 06/08/20490.0%
Peninsula Town Center Community Development Author5.000% 08/28/20370.0%
Board Of Managers Joint Guadalupe County-City Of S5.000% 11/25/20450.0%
Capital Trust Authority5.625% 06/10/20440.0%
Capital Trust Authority6.125% 06/06/20600.0%
Plymouth Educational Center Charter School5.375% 10/31/20300.0%
Michigan Finance Authority4.300% 08/31/20300.0%
Atlanta Development Authority/The0.000% 12/29/20340.0%
California Educational Facilities Authority5.250% 09/25/20440.0%
Downtown Doral South Community Development Distric4.750% 12/11/20380.0%
Arborwood Community Development District6.900% 11/30/20240.0%
Michigan Public Educational Facilities Authority7.000% 11/30/20240.0%
Port Of Beaumont Navigation District5.125% 12/27/20430.0%
County Of Monongalia Wv5.000% 05/29/20330.0%
Public Finance Authority5.000% 12/09/20440.0%
City Of Sparks Nv2.750% 06/14/20280.0%
Grandview Industrial Development Authority0.000% 11/30/20280.0%
Gdb Debt Recovery Authority Of Puerto Rico7.500% 08/16/20400.0%
Tern Bay Community Development District0.000% 04/28/20370.0%
Public Finance Authority0.000% 09/25/20470.0%
Commonwealth Of Puerto Rico0.000% 10/26/20510.0%
Florida Development Finance Corp6.375% 05/12/20370.0%
Magnolia West Community Development District5.350% 12/31/20240.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.329% 06/27/20400.0%
Arborwood Community Development District6.900% 11/30/20240.0%
California Statewide Communities Development Autho0.000% 06/27/20390.0%
California Statewide Communities Development Autho0.000% 06/28/20350.0%
California Statewide Communities Development Authority0.000% 07/01/20240.0%
Florida Development Finance Corp0.000% 05/12/20370.0%

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

For
YTD Dividends Paidas of 12/13/2024
$0.43795
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2024 $0.03921 $11.12
Daily Daily 10/31/2024 $0.03892 $11.00
Daily Daily 09/30/2024 $0.03948 $11.17
Daily Daily 08/31/2024 $0.03944 $11.03
Daily Daily 07/31/2024 $0.04043 $10.96
Daily Daily 06/30/2024 $0.03947 $10.89
Daily Daily 05/31/2024 $0.03862 $10.72
Daily Daily 04/30/2024 $0.04182 $10.69
Daily Daily 03/31/2024 $0.03687 $10.85
Daily Daily 02/29/2024 $0.04194 $10.81
Daily Daily 01/31/2024 $0.04176 $10.77

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 12/31/2024

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 12/13/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $11.28
$100,000 to $249,999 1.75% 1.50% $11.23
Greater than $250,000 0.00% 1.00% $11.03

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.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 11/30/2024

Fund Gross Expense Ratio 0.81%
Fund Net Expense Ratio 0.77%

Expense ratio details, Click here.

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Annual Tailored Shareholder Report
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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IMPORTANT INFORMATION

 

1

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

2

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

3

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund invests substantially in high-yield securities which carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. High-yield municipal bonds are subject to greater risk of loss of income and principal than higher-rated securities, and are likely to be more sensitive to adverse economic changes or individual municipal developments than those of higher-rated securities. In addition, because the Fund is nondiversified, it will be more exposed to risks from a single adverse economic, political, or regulatory event than a diversified fund. A portion of the income derived from the Fund's portfolio may be subject to the alternative minimum tax. Any capital gains realized may be subject to taxation. Federal, state, and local taxes may apply. There is a risk that a bond issued as tax-exempt may be reclassified by the IRS as taxable, creating taxable rather than tax-exempt income. In addition, the Fund is subject to other types of risks, such as call, credit, liquidity, interest rate, and general market risks. The Fund may invest in Puerto Rico and other U.S. territories, commonwealths, and possessions, and may be affected by local, state, and regional factors. These may include, for example, economic or political developments, erosion of the tax base, and the possibility of credit problems. These factors can affect Fund performance.

 

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). 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. Fund shares purchased without a sales charge prior to 12/1/2021 may be assessed 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. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The Bloomberg High Yield Municipal Bond Index is an unmanaged index consisting of noninvestment-grade, unrated or below Ba1 bonds. 

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

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.

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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