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 02/27/2015  

  Subsidized3 Un-Subsidized4
w/o sales charge - 4.44%
w/ sales charge - 4.34%

30-Day Standardized Yield 2 as of 01/31/2015  

 
4.21%

Fund Basicsas of 01/30/2015

Total Net Assets
$2.08 B
Inception Date
12/30/2004
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
530

Expense Ratioas of 01/31/2015

Fund Expense Ratio :

Gross 0.91%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/30/2004
w/o sales charge 1.82% 13.24% 6.93% 6.56% 3.01% 3.16%
Lipper Category Avg. High Yield Municipal Debt Funds 1.92% 13.36% 6.39% 7.00% 4.28% -
Barclays High Yield Municipal Bond Index 1.79% 12.18% 7.65% 8.45% 5.53% -
w/ sales charge -0.47% 10.73% 6.12% 6.07% 2.78% 2.82%

Fund Expense Ratio :

Gross 0.91%

Net 0.82%

Fund Expense Ratio :

Gross 0.91%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/30/2004
w/o sales charge 14.50% 14.50% 7.91% 6.37% 2.99% 3.00%
Lipper Category Avg. High Yield Municipal Debt Funds 14.21% 14.21% 6.97% 6.80% 4.19% -
Barclays High Yield Municipal Bond Index 13.84% 13.84% 8.32% 8.40% 5.47% -
w/ sales charge 11.90% 11.90% 7.09% 5.89% 2.75% 2.66%

Fund Expense Ratio :

Gross 0.91%

Net 0.82%

Investment Team

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

27 Years of Industry Experience

Supported By 12 Investment Professionals and 10 Years Avg. Industry Experience

Fund Performance Details next tab

Contact a Representative