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 03/05/2015  

  Subsidized3 Un-Subsidized4
w/o sales charge - 4.47%
w/ sales charge - 4.37%

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 02/28/2015

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 1.17% 10.25% 6.32% 6.15% 2.91% 3.07%
Lipper Category Avg. High Yield Municipal Debt Funds 1.16% 10.54% 5.82% 6.60% 4.17% -
Barclays High Yield Municipal Bond Index 1.38% 9.48% 7.21% 8.04% 5.42% -
w/ sales charge -1.10% 7.76% 5.52% 5.67% 2.68% 2.74%

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

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