What is the High Yield 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.

Yield

Dividend Yield 1 as of 05/04/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.50% 4.46%
w/ sales charge 4.40% 4.36%

30-Day Standardized Yield 2 as of 03/31/2016  

 
4.48%

Fund Basicsas of 03/31/2016

Total Net Assets
$2.07 B
Inception Date
12/30/2004
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
532

Expense Ratioas of 03/31/2016

Fund Expense Ratio :

Gross 0.87%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/30/2004
w/o sales charge 3.37% 5.57% 3.63% 7.14% 2.84% 3.28%
Lipper Category Avg. High Yield Municipal Debt Funds - - - - - -
Barclays High Yield Municipal Bond Index 3.37% 4.51% 3.23% 7.59% 4.84% -
w/ sales charge 1.03% 3.20% 2.86% 6.65% 2.61% 2.97%

Fund Expense Ratio :

Gross 0.87%

Net 0.82%

Fund Expense Ratio :

Gross 0.87%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/30/2004
w/o sales charge 2.38% 4.50% 3.60% 7.24% 2.76% 3.21%
Lipper Category Avg. High Yield Municipal Debt Funds 2.07% 4.85% 4.26% 7.69% 4.10% -
Barclays High Yield Municipal Bond Index 2.74% 3.45% 3.34% 7.81% 4.83% -
w/ sales charge 0.06% 2.16% 2.82% 6.74% 2.53% 2.91%

Fund Expense Ratio :

Gross 0.87%

Net 0.82%

Investment Team

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

29 Years of Industry Experience

Supported By 14 Investment Professionals and 11 Years Avg. Industry Experience

Fund Performance Details next tab

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