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Intermediate Tax Free Fund

Daily price w/o sales charge as of 01/24/2020

$11.31

arrowUp$0.01

YTD Returns w/o sales charge as of 01/24/2020

1.50%

Overall Morningstar Ratings

Muni National Interm
as of 12/31/2019

Morningstar rated the Lord Abbett Intermediate Tax Free Fund class A share 4, 4 and 4 stars among 239, 215 and 149 Muni National Interm Funds for the overall rating and the 3, 5 and 10 year periods ended 12/31/2019, respectively.

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 Intermediate Tax Free Fund?

The Fund seeks to deliver a high level of income exempt from federal taxation by investing primarily in intermediate-term investment grade municipal bonds.

Yield

Dividend Yield 1 as of 01/24/2020  

w/o sales charge 2.49%
w/ sales charge 2.43%

30-Day Standardized Yield 2 as of 12/31/2019  

1.40%

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

Fund Basicsas of 12/31/2019

Total Net Assets
$4.91 B
Inception Date
06/30/2003
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
1010
Minimum Initial Investment
$1,000+

Expense Ratioas of 12/31/2019

Expense ratio details, Click here.

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
w/o sales charge 7.61% 7.61% 4.57% 3.17% 4.06% 3.89%
Lipper Category Avg. Intermediate Municipal Debt Funds 6.47% 6.47% 3.80% 2.66% 3.40% -
Bloomberg Barclays 1-15 Yr. Municipal Index 6.44% 6.44% 4.10% 3.01% 3.66% 3.84%
w/ sales charge 5.14% 5.14% 3.79% 2.70% 3.83% 3.74%

Fund Expense Ratio :

0.70%

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
w/o sales charge 7.61% 7.61% 4.57% 3.17% 4.06% 3.89%
Lipper Category Avg. Intermediate Municipal Debt Funds 6.47% 6.47% 3.80% 2.66% 3.40% -
Bloomberg Barclays 1-15 Yr. Municipal Index 6.44% 6.44% 4.10% 3.01% 3.66% 3.84%
w/ sales charge 5.14% 5.14% 3.79% 2.70% 3.83% 3.74%

Fund Expense Ratio :

0.70%

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

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

Maturity Assets
<1 Year
1-3 Years
3-5 Years
5-7 Years
7-9 Years
9-12 Years
12-15 Years
15-18 Years
18-25 Years
25-30 Years
30+ Years

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

CREDIT QUALITY DISTRIBUTION as of 12/31/2019 View Portfolio

Rating Assets
AAA
AA
A
BBB
< BBB
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

32 Years of Industry Experience

Daniel T. Vande Velde
Daniel T. Vande Velde

Partner & Portfolio Manager

29 Years of Industry Experience

Supported By 15 Investment Professionals with 12 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 01/24/2020  

w/o sales charge 2.49%
w/ sales charge 2.43%

30-Day Standardized Yield 2 as of 12/31/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.40% 1.40%

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

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
w/o sales charge 7.61% 7.61% 4.57% 3.17% 4.06% 3.89%
Lipper Category Avg. Intermediate Municipal Debt Funds 6.47% 6.47% 3.80% 2.66% 3.40% -
Bloomberg Barclays 1-15 Yr. Municipal Index 6.44% 6.44% 4.10% 3.01% 3.66% 3.84%
w/ sales charge 5.14% 5.14% 3.79% 2.70% 3.83% 3.74%

Fund Expense Ratio :

0.70%

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
w/o sales charge 7.61% 7.61% 4.57% 3.17% 4.06% 3.89%
Lipper Category Avg. Intermediate Municipal Debt Funds 6.47% 6.47% 3.80% 2.66% 3.40% -
Bloomberg Barclays 1-15 Yr. Municipal Index 6.44% 6.44% 4.10% 3.01% 3.66% 3.84%
w/ sales charge 5.14% 5.14% 3.79% 2.70% 3.83% 3.74%

Fund Expense Ratio :

0.70%

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 Barclays 1-15 Yr. Municipal Index
2019 7.61% 6.44%
2018 1.13% 1.58%
2017 5.08% 4.33%
2016 -0.64% 0.01%
2015 2.86% 2.83%
2014 8.35% 6.36%
2013 -2.82% -1.05%
2012 6.40% 4.74%
2011 9.87% 8.80%
2010 3.49% 2.97%
2009 12.09% -
2008 -0.40% -
2007 3.44% -
2006 3.91% -
2005 1.50% -
2004 2.29% -
2003 1.16% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 - - - - 1.52%
2019 2.98% 2.34% 1.55% 0.55% 7.61%
2018 -1.04% 1.02% -0.01% 1.17% 1.13%
2017 1.70% 1.84% 1.22% 0.24% 5.08%
2016 1.60% 2.28% 0.05% -4.43% -0.64%
2015 1.14% -1.15% 1.36% 1.50% 2.86%
2014 3.10% 2.37% 1.48% 1.17% 8.35%
2013 0.64% -3.29% -0.16% -0.01% -2.82%
2012 1.53% 1.78% 2.09% 0.85% 6.40%
2011 0.39% 3.79% 2.98% 2.40% 9.87%
2010 1.75% 1.95% 3.37% -3.48% 3.49%
2009 4.33% 1.79% 6.55% -0.94% 12.09%
2008 0.77% 0.04% -1.49% 0.31% -0.40%
2007 0.71% -0.77% 2.34% 1.14% 3.44%
2006 -0.16% -0.21% 3.44% 0.82% 3.91%
2005 -0.88% 2.24% -0.42% 0.58% 1.50%
2004 1.14% -2.23% 2.98% 0.45% 2.29%
2003 - - 0.16% 0.99% 1.16%

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

Growth of $10,000 as of 12/31/2019

The chart begins on the Fund's inception date of 06/30/2003.

Based on a hypothetical Class A share investment of $10,000 on 06/30/2003 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

PORTFOLIO BREAKDOWN as of 12/31/2019

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

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

PORTFOLIO BREAKDOWN as of 12/31/2019

Maturity Assets
<1 Year
1-3 Years
3-5 Years
5-7 Years
7-9 Years
9-12 Years
12-15 Years
15-18 Years
18-25 Years
25-30 Years
30+ Years

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

PORTFOLIO BREAKDOWN as of 12/31/2019

Rating Assets
IL
CA
NY
TX
NJ
PA
FL
AZ
CT
OH
GA
MA
TN
KY
Puerto Rico
VA
LA
MI
WA
IN
NV
AL
MO
HI
CO
NC
MN
WI
IA
OR
UT
MD
NE
SC
OK
WV
AK
RI
NM
DIST. OF COLUMBIA
AR
ID
KS
ME
MS
SD
DC
NH
Other U.S. Territories
VT

Credit QUALITY DISTRIBUTION as of 12/31/2019

Rating Assets
AAA
AA
A
BBB
< BBB
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 12/31/2019

  • The portfolio has an overweight in lower rated investment grade bonds, relative to its benchmark, the Bloomberg Barclays 1-15 Year Municipal Index, due to improving overall credit quality and relatively attractive credit spreads.
  • The portfolio continues to overweight revenue bonds, specifically in the transportation, health care, and industrial development sectors, given their favorable return prospects.
  • The portfolio is positioned with an overweight to the 6-to-10 year duration range, given the relative steepness of the municipal curve.

Portfolio Details as of 12/31/2019

Total Net Assets
$4.91 B
Number of Issues
1010
Average Coupon
4.8%
Average Effective Maturity
10.2 Years
Average Effective Duration
5.32 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

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.

Holding Coupon Maturity Assets
New Jersey Transportation Trust Fund 5.000% 12/15/2033 0.6%
TX Muni Gas Acq & Supply - Merrill Lynch 6.250% 12/15/2026 0.5%
Buckeye Tobacco Settlement Fin Auth 5.125% 06/01/2024 0.5%
TX Muni Gas Acq & Supply - Macquarie 5.000% 12/15/2024 0.5%
California State Public Works Board 5.000% 10/01/2029 0.5%
Virginia College Building Auth 4.000% 02/01/2034 0.5%
New York City Transitional Fin Auth 1.120% 08/01/2042 0.4%
City of Chicago General Obligation 6.000% 01/01/2038 0.4%
California 5.250% 08/01/2032 0.4%
Illinois, IL 5.000% 11/01/2027 0.4%
% of Total Assets 4.7%

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 of11/29/2019

Holding Coupon Maturity Assets
New Jersey Transportation Trust Fund5.000% 12/15/20330.6%
TX Muni Gas Acq & Supply - Merrill Lynch6.250% 12/15/20260.6%
Buckeye Tobacco Settlement Fin Auth5.125% 06/01/20240.6%
TX Muni Gas Acq & Supply - Macquarie5.000% 12/15/20240.5%
California State Public Works Board5.000% 10/01/20290.5%
Virginia College Building Auth4.000% 02/01/20340.5%
Shelby Cnty Hlth Edl & Hsg Facs Bd1.050% 06/01/20420.5%
City of Chicago General Obligation6.000% 01/01/20380.5%
Buckeye Tobacco Settlement Fin Auth5.875% 06/01/20300.4%
San Francisco City & County Airports Commission5.000% 05/01/20370.4%
Greater Orlando Aviation Auth5.000% 10/01/20300.4%
California State General Obligation5.000% 04/01/20320.4%
Denver City and County Airport5.000% 12/01/20310.4%
Salt Lake City International Airport5.000% 07/01/20340.4%
Connecticut5.000% 01/01/20320.4%
Kentucky Public Energy Auth Gas Supply - Morgan Stanley4.000% 04/01/20480.4%
Metropolitan Transp Auth, NY5.000% 11/15/20280.4%
City of Chicago General Obligation5.000% 01/01/20240.3%
City of Atlanta, GA, Department of Aviation4.000% 07/01/20340.3%
Kansas City Indus Dev Auth, MO5.000% 03/01/20380.3%
New York Dorm Auth - Personal Income Tax5.000% 03/15/20240.3%
Massachusetts Educational Financing Authority3.625% 07/01/20340.3%
New Jersey Econ Dev Auth5.000% 06/15/20340.3%
Phoenix Civ Impt Corp., AZ5.000% 07/01/20260.3%
Clifton Hgr Ed Fin Corp., TX6.000% 08/15/20380.3%
Illinois, IL5.000% 08/01/20240.3%
Illinois State General Obligation5.000% 02/01/20280.3%
Southeast Alabama Gas Supply District/The4.000% 04/01/20490.3%
Kentucky Public Energy Auth4.000% 01/01/20490.3%
Washington State General Obligation5.000% 08/01/20220.3%
NJ Eco Dev Auth - Continental Airlines5.250% 09/15/20290.3%
Univ of California Bd of Regents5.000% 05/15/20340.3%
Connecticut State General Obligation5.000% 10/15/20280.3%
North Carolina Turnpike Auth4.000% 01/01/20370.3%
Metropolitan Wtr Reclamation Dist of Greater Chica5.250% 12/01/20340.3%
Greeneville Health & Educational Facilities Board5.000% 07/01/20370.3%
St Charles Parish, LA4.000% 12/01/20400.3%
Los Angeles, CA5.000% 05/15/20350.3%
Lubbock, TX5.000% 02/15/20260.3%
Dorm Auth of the St of New York5.000% 03/15/20280.3%
Port Auth of New York & New Jersey5.000% 09/15/20260.3%
New York City5.000% 08/01/20250.3%
Illinois, IL5.000% 01/01/20270.3%
Citizen's Prop Insurance Corp., FL5.000% 06/01/20220.3%
New York State Transportation Dev Corp - American Airlines5.000% 08/01/20260.3%
NY Transportation Dev Corp - Delta5.000% 01/01/20330.3%
Louisiana5.000% 05/01/20280.3%
Los Angeles, CA5.000% 05/15/20360.3%
Illinois State General Obligation5.000% 11/01/20280.3%
Clark Cnty, NV5.000% 11/01/20270.3%
State of Nevada Highway Improvement Revenue5.000% 12/01/20300.3%
California5.000% 11/01/20310.3%
Clark Cnty Sch Dist, NV3.000% 06/15/20370.3%
University of Houston5.000% 02/15/20290.3%
Chicago5.000% 01/01/20210.3%
Pennsylvania5.000% 01/15/20280.3%
Suffolk Tobacco Asset Securitization Corp.5.375% 06/01/20280.3%
Nassau Cnty, NY5.000% 01/01/20260.3%
San Antonio, TX5.000% 02/01/20300.3%
Massachusetts Dev Fin Agy5.000% 07/01/20300.3%
Port of Seattle, WA5.000% 04/01/20380.3%
Arkansas Dev Fin Auth2.650% 09/01/20440.3%
California5.000% 09/01/20300.3%
Dorm Auth of the St of New York5.000% 07/01/20270.3%
New York City Transitional Fin Auth5.000% 07/15/20350.2%
Port of Oakland, CA5.000% 05/01/20220.2%
PEFA Inc5.000% 09/01/20490.2%
Apache County Indus Dev Auth - Tucson Electric4.500% 03/01/20300.2%
Illinois, IL5.000% 11/01/20270.2%
Port Auth of New York & New Jersey5.000% 12/01/20250.2%
Nashville & Davidson Cnty Metro Govt, TN4.000% 07/01/20340.2%
San Buenaventura - Comunity Memorial Health8.000% 12/01/20260.2%
Virginia Small Business Fing Auth5.250% 01/01/20320.2%
Los Angeles Unif Sch Dist, CA5.000% 07/01/20230.2%
Hawaii St Dept of Budget & Fin3.200% 07/01/20390.2%
Genesis Hlthcare Sys, OH5.000% 02/15/20330.2%
Illinois, IL5.000% 11/01/20260.2%
Central Plains Energy Pj5.000% 03/01/20500.2%
Orlando Orange Cnty Expwy Auth, FL5.000% 07/01/20300.2%
California5.000% 10/01/20270.2%
Connecticut5.000% 10/01/20300.2%
New Jersey Transp Tr Fnd Auth5.000% 06/15/20240.2%
Cook Cnty, IL5.250% 11/15/20230.2%
Indianapolis Local Pub Impt Bnd Bank5.000% 01/01/20260.2%
Iowa Finance Auth - Iowa Fertilizer Co5.250% 12/01/20250.2%
California Infrastr & Econ Dev Bnk5.250% 10/01/20260.2%
NY Transportation Dev Corp - Delta4.000% 01/01/20360.2%
Arizona Indus Dev Auth3.625% 05/20/20330.2%
Pima Cnty Indus Dev Auth, AZ4.950% 10/01/20200.2%
Metropolitan Pier & Exposition Auth, IL5.000% 12/15/20280.2%
Nez Perce County - Potlatch Corporation2.750% 10/01/20240.2%
San Francisco Airport5.000% 05/01/20260.2%
Mission Econ Dev Corp, TX4.625% 10/01/20310.2%
New York City5.000% 08/01/20220.2%
New York City Transitional Fin Auth5.000% 07/15/20240.2%
SA Energy Acquisition Pub Fac Corp.5.500% 08/01/20230.2%
California Muni Fin Auth5.000% 12/31/20470.2%
Valdez, AK5.000% 01/01/20210.2%
California Poll Cntrl Fin Auth3.000% 11/01/20250.2%
Puerto Rico Sales Tax Fincg Corp4.329% 07/01/20400.2%
Chicago Brd of Ed5.000% 12/01/20360.2%
Roanoke Econ Dev - Carilion Clinic5.000% 07/01/20250.2%
Tennessee Energy Acquisition Corp.5.250% 09/01/20240.2%
North Carolina Turnpike Auth4.000% 01/01/20380.2%
Virginia Coll Bldg Auth4.000% 09/01/20350.2%
Maryland Community Development Administration3.000% 09/01/20390.2%
Lane County School District No 4J Eugene4.000% 06/15/20340.2%
California Muni Fin Auth - Waste Management2.400% 10/01/20440.2%
New York City Transitional Fin Auth1.000% 02/01/20450.2%
New Jersey Econ Dev Auth5.000% 07/01/20330.2%
Indianapolis Local Pub Impt Bnd Bank5.000% 01/01/20270.2%
Miami Dade Cnty, FL5.000% 07/01/20320.2%
Salt Verde Fin Corp - Citigroup5.000% 12/01/20370.2%
Modesto Irr Dist, CA5.000% 07/01/20250.2%
West Virgina Eco Dev Auth - Wheeling Power3.000% 06/01/20370.2%
Connecticut Hlth & Educl Facs Auth5.000% 07/01/20330.2%
Massachusetts Port Auth5.000% 07/01/20310.2%
Illinois, IL5.000% 10/01/20320.2%
Illinois Fin Auth5.000% 07/01/20250.2%
New York St Energy Rsch & Dev Auth3.500% 10/01/20290.2%
Rhode Island & Providence Plantations5.000% 08/01/20290.2%
NJ Tobacco Settlement Fin Corp5.000% 06/01/20460.2%
Louisiana Enviromental Facs- Westlake Chemical3.500% 11/01/20320.2%
Illinois Fin Auth5.000% 10/01/20300.2%
Oakland-Alameda Cnty Coliseum Auth5.000% 02/01/20210.2%
North Texas Tollway Auth5.000% 01/01/20310.2%
Salt Verde Financial Corp.5.250% 12/01/20260.2%
San Antonio, TX5.000% 02/01/20290.2%
Pennsylvania4.000% 03/01/20380.2%
Connecticut4.000% 09/01/20340.2%
Hawaii5.000% 08/01/20260.2%
Iowa Fin Auth5.250% 12/01/20500.2%
Nevada5.000% 11/01/20260.2%
New York Transp Dev Corp.5.000% 01/01/20360.2%
Central Texas Turnpike5.000% 08/15/20330.2%
Houston, TX4.750% 07/01/20240.2%
Port of Seattle, WA5.000% 04/01/20390.2%
Brooklyn Arena Local Dev Corp - Barclays Center5.000% 07/15/20420.2%
San Joaquin Hills Transp Corridor Agy, CA5.000% 01/15/20340.2%
Delaware River Port Auth, PA5.000% 01/01/20280.2%
Dallas Area Rapid Transit, TX5.000% 12/01/20260.2%
North Sumter Cnty Util Dependent Dist, FL5.000% 10/01/20320.2%
Clarke Cnty Hosp Auth, GA5.000% 07/01/20290.2%
Matagorda Cnty Navigation Dist No 1, TX4.000% 06/01/20300.2%
Chicago Brd of Ed5.000% 12/01/20460.2%
New Jersey Econ Dev Auth5.000% 06/15/20330.2%
Chicago, IL5.750% 01/01/20330.2%
California Muni Fin Auth5.000% 12/31/20370.2%
Connecticut4.000% 04/15/20380.2%
Chicago, IL5.000% 01/01/20340.2%
Piedmont Muni Pwr Agy, SC5.000% 01/01/20240.2%
Maine Hlth & Hgr Edl Facs Auth6.000% 07/01/20260.2%
Chicago, IL5.000% 01/01/20220.2%
Northern California Energy Authority4.000% 07/01/20490.2%
New Jersey Econ Dev Auth5.000% 03/01/20290.2%
Metropolitan Wtr Reclamation Dist of Greater Chica5.000% 12/01/20280.2%
Central Florida Expressway Auth4.000% 07/01/20370.2%
San Francisco City & Cnty Arpt Comm, CA5.000% 05/01/20280.2%
Central Plains Energy5.000% 09/01/20270.2%
Main Street Natural Gas, Inc.5.000% 05/15/20370.2%
Chicago5.000% 01/01/20290.2%
Michigan Fin Auth5.000% 06/01/20270.2%
Dev Auth of Fulton Cnty, GA5.000% 10/01/20220.2%
New Jersey Econ Dev Auth4.000% 06/15/20300.2%
Pub Fin Auth5.000% 12/01/20270.2%
Kansas City Indus Dev Auth, MO5.000% 09/01/20220.2%
New York City Water & Sewer Auth1.070% 06/15/20450.2%
Tusaloosa Ind Dev Auth - Hunt Refining Co5.250% 05/01/20440.2%
Chicago, IL5.000% 01/01/20250.2%
Clark Cnty, NV4.000% 06/01/20370.2%
Warren Cnty, MS2.900% 09/01/20320.2%
Chicago, IL5.000% 01/01/20300.2%
Antelope Valley Hlthcare Dist5.000% 03/01/20310.2%
Salem County Pollution Control Fin Auth - Chambers5.000% 12/01/20230.2%
Massachusetts Sch Bldg Auth5.000% 01/15/20290.2%
New Jersey Transp Tr Fnd Auth5.000% 06/15/20310.2%
New Jersey Econ Dev Auth5.000% 03/01/20270.2%
New York Metropolitan Transit Authority5.250% 11/15/20280.2%
Chicago5.000% 01/01/20310.2%
Pub Fin Auth5.000% 12/01/20250.2%
Chandler Industrial Development Authority2.700% 12/01/20370.2%
Kansas City Indus Dev Auth, MO5.000% 03/01/20380.2%
Parish of St. John Baptist, LA2.200% 06/01/20370.2%
Whiting, IN5.000% 11/01/20450.2%
New Jersey Transp Tr Fnd Auth5.000% 06/15/20280.2%
Cnty of Sacramento CA Arpt Sys Rev5.000% 07/01/20270.2%
California Muni Fin Auth4.000% 07/15/20290.2%
Chicago, IL5.000% 11/01/20340.2%
Michigan Strategic Fnd5.250% 10/15/20240.2%
Tobacco Settlement Auth5.000% 06/01/20210.2%
DuPage & Cook Counties Township High School Distri4.000% 01/15/20390.2%
Utility Debt Securitization Auth5.000% 06/15/20280.2%
Allegheny Cnty Hosp Dev Auth, PA5.000% 04/01/20310.2%
Hawaii Dept of Budget & Finance - Hawaiian Electric Co3.100% 05/01/20260.2%
New Jersey Econ Dev Auth5.125% 09/15/20230.2%
Ohio Air Qlty Dev Auth2.600% 06/01/20410.2%
New Jersey Econ Dev Auth5.000% 06/15/20280.2%
Golden St Tobacco Securitization Corp.5.000% 06/01/20470.2%
Illinois, IL6.000% 05/01/20260.2%
Richland Environmental Improvement - International Paper Co3.875% 04/01/20230.2%
Broward Cnty, FL5.000% 10/01/20330.1%
LA Environmental Facs - Westlake Chemical6.500% 08/01/20290.1%
DuPage & Cook Counties Township High School Distri4.000% 01/15/20380.1%
Tobacco Settlement Auth5.000% 06/01/20230.1%
Illinois, IL5.000% 07/01/20220.1%
Kentucky Econ Dev Fin Auth5.000% 06/01/20320.1%
Kansas Dev Fin Auth5.000% 05/01/20310.1%
TSASC, Inc.5.000% 06/01/20290.1%
Chicago, IL5.000% 01/01/20260.1%
Triborough Br & Tunnel Auth, NY5.000% 11/15/20290.1%
Cnty of Sacramento CA Arpt Sys Rev5.000% 07/01/20360.1%
New York City Transitional Fin Auth1.000% 08/01/20420.1%
Norfolk Economic Development Authority5.000% 11/01/20480.1%
New Jersey Hlthcare Facs Fing Auth5.000% 07/01/20280.1%
Los Angeles, CA5.000% 05/15/20320.1%
New Jersey Econ Dev Auth5.250% 09/01/20230.1%
Bay Area Toll Auth, CA4.000% 04/01/20290.1%
DuPage & Cook Counties Township High School Distri4.000% 01/15/20370.1%
Metro Atlanta Rapid Transit Auth, GA5.000% 07/01/20250.1%
Port Auth of New York & New Jersey5.000% 10/15/20260.1%
Chester Cnty Indus Dev Auth5.250% 10/15/20320.1%
Chicago, IL5.250% 11/01/20300.1%
Salt Verde Financial Corp.5.500% 12/01/20290.1%
Connecticut Hlth & Educl Facs Auth5.000% 07/01/20290.1%
Chicago Brd of Ed6.750% 12/01/20300.1%
Dallas Convention Center Hotel Dev Corp., TX5.250% 01/01/20220.1%
Buckeye Tobacco Settlement Fin Auth5.750% 06/01/20340.1%
Cook Cnty, IL5.000% 11/15/20250.1%
Cnty of Cuyahoga, OH5.000% 12/01/20230.1%
Arizona Hlth Facs Auth5.000% 02/01/20300.1%
Montgomery Cnty, OH4.000% 11/15/20390.1%
New York City5.000% 10/01/20210.1%
California5.250% 03/01/20220.1%
Indiana Muni Pwr Agy5.000% 01/01/20330.1%
Louisiana5.000% 03/01/20310.1%
Maricopa Cnty Indus Dev Auth, AZ5.000% 01/01/20280.1%
Municipal Elec Auth of Georgia5.000% 01/01/20200.1%
Riverside, CA5.000% 10/01/20380.1%
Metropolitan Transp Auth, NY5.000% 11/15/20270.1%
Connecticut Hlth & Educl Facs Auth5.000% 07/01/20280.1%
Massachusetts Sch Bldg Auth5.000% 08/15/20300.1%
Houston, TX5.000% 11/15/20260.1%
Lower Colorado River Auth, TX5.000% 05/15/20360.1%
Illinois, IL5.000% 02/01/20290.1%
Erie Cnty Indl Dev Agy, NY5.000% 05/01/20240.1%
Metropolitan Transp Auth, NY5.000% 11/01/20230.1%
Port Auth of New York & New Jersey5.000% 12/01/20230.1%
Minneapolis St Paul Metro Arpts Comm, MN5.000% 01/01/20290.1%
Commonwealth Financing Authority5.000% 06/01/20330.1%
Minneapolis St Paul Metro Arpts Comm, MN5.000% 01/01/20300.1%
Metropolitan Transp Auth, NY5.000% 11/15/20290.1%
West Virginia Hosp Fin Auth4.000% 06/01/20300.1%
Allentown Neighborhood Impt Zone Dev Auth5.375% 05/01/20420.1%
Michigan Fin Auth5.000% 12/01/20350.1%
Denver City & Cnty Dept of Aviation, CO5.000% 12/01/20350.1%
Martin Cnty Indus Dev Auth, FL4.200% 12/15/20250.1%
Phoenix Civ Impt Corp., AZ5.000% 07/01/20360.1%
Hawaii Arpt Sys5.000% 07/01/20360.1%
Oklahoma Dev Fin Auth5.250% 08/15/20430.1%
New Jersey5.000% 06/01/20290.1%
New York St Thruway Auth5.000% 01/01/20260.1%
Kentucky Mun Pwr Agy3.450% 09/01/20420.1%
Metro Atlanta Rapid Transit Auth, GA5.000% 07/01/20320.1%
California Poll Cntrl Fin Auth5.000% 07/01/20390.1%
California Hlth Facs Fing Auth5.000% 11/15/20260.1%
Oklahoma Dev Fin Auth5.000% 08/15/20330.1%
Miami Dade Cnty, FL5.000% 07/01/20380.1%
Omaha Public Pwr Dist5.000% 02/01/20290.1%
Kansas City Indus Dev Auth, MO5.000% 03/01/20390.1%
Pub Fin Auth6.750% 12/01/20420.1%
Lower Alabama Gas Dist5.000% 09/01/20270.1%
California Poll Cntrl Fin Auth5.000% 07/01/20370.1%
Massachusetts Dev Fin Agy5.000% 01/01/20260.1%
Dorm Auth of the St of New York5.000% 07/01/20260.1%
New Jersey Tpk Auth5.000% 01/01/20310.1%
Texas Muni Gas Acquisition & Supply Corp. III5.000% 12/15/20230.1%
Tobacco Settlement Fing Corp.5.250% 06/01/20460.1%
Illinois, IL5.250% 07/01/20300.1%
Pennsylvania St Pub Sch Bldg Auth5.000% 06/01/20300.1%
Wisconsin Hlth & Edl Facs Auth5.000% 07/15/20260.1%
Pennsylvania St Pub Sch Bldg Auth5.000% 06/01/20310.1%
New Jersey Econ Dev Auth5.000% 06/15/20250.1%
Houston, TX5.000% 07/01/20340.1%
Miami Dade Cnty, FL5.000% 10/01/20270.1%
Metropolitan Washington Arpts Auth, DC5.000% 10/01/20310.1%
North Texas Tollway Auth5.000% 01/01/20360.1%
Town of Davie FL5.000% 04/01/20370.1%
Illinois, IL5.000% 08/01/20230.1%
New Jersey Hlthcare Facs Fing Auth6.000% 07/01/20260.1%
El Paso Downtown Dev Corp., TX6.250% 08/15/20230.1%
New York City Transitional Fin Auth1.100% 11/01/20220.1%
Chicago, IL5.000% 11/01/20350.1%
Valparaiso, IN6.750% 01/01/20340.1%
New Jersey Tpk Auth5.000% 01/01/20310.1%
Phoenix Civ Impt Corp., AZ5.000% 07/01/20270.1%
Dorm Auth of the St of New York5.000% 07/01/20270.1%
Niagara Area Dev Corp., NY4.750% 11/01/20420.1%
City of Atlanta, GA, Department of Aviation4.000% 07/01/20380.1%
California Infrastr & Econ Dev Bnk5.000% 06/01/20210.1%
Perris Union High Sch District,CA4.000% 09/01/20390.1%
Allegheny Cnty Hosp Dev Auth, PA5.000% 04/01/20300.1%
Salem Hosp Fac Auth5.000% 05/15/20300.1%
New Jersey Econ Dev Auth5.250% 09/01/20250.1%
New Jersey Tpk Auth5.000% 01/01/20290.1%
Massachusetts Dev Fin Agy5.000% 10/01/20320.1%
Allentown Neighborhood Impt Zone Dev Auth5.000% 05/01/20310.1%
Maryland Hlth & Hgr Ed Facs Auth5.000% 07/01/20240.1%
North Texas Tollway Auth5.000% 01/01/20250.1%
Kentucky Tpk Auth5.000% 07/01/20260.1%
California Statewide Comntys Dev Auth5.250% 12/01/20290.1%
County of Wake NC4.000% 12/01/20310.1%
California4.000% 08/01/20310.1%
Illinois, IL5.000% 10/01/20330.1%
New York City5.000% 10/01/20330.1%
Cnty of Cuyahoga, OH5.000% 02/15/20370.1%
Port Auth of New York & New Jersey5.000% 10/15/20270.1%
Trustees of the Tulsa Muni Arpt Tr, OK5.000% 06/01/20350.1%
Dorm Auth of the St of New York4.000% 02/15/20340.1%
New York City5.000% 08/01/20260.1%
Village of Bellwood, IL5.875% 12/01/20270.1%
Illinois, IL5.000% 11/01/20270.1%
Puerto Rico Sales Tax Fincg Corp4.329% 07/01/20400.1%
New Jersey Econ Dev Auth5.125% 01/01/20340.1%
Univ of Illinois Bd of Trustees4.000% 04/01/20340.1%
Chicago, IL5.000% 01/01/20300.1%
Metropolitan Wtr Reclamation Dist of Greater Chica5.000% 12/01/20270.1%
Philadelphia Hosp & Hgr Ed Fac Auth, PA5.000% 07/01/20300.1%
Miami Dade Cnty, FL4.000% 10/01/20350.1%
Puerto Rico Elec Pwr Auth1.926% 07/01/20290.1%
Metro Atlanta Rapid Transit Auth, GA3.000% 07/01/20380.1%
North Texas Tollway Auth5.000% 01/01/20230.1%
South Jersey Transp Auth, NJ5.000% 11/01/20210.1%
Philadelphia Redev Auth, PA5.000% 04/15/20220.1%
New Jersey Econ Dev Auth5.000% 06/15/20350.1%
Illinois Fin Auth4.000% 02/15/20330.1%
Illinois, IL5.500% 07/01/20380.1%
Lee Memorial Health System5.000% 04/01/20360.1%
Metropolitan Pier & Exposition Auth, IL5.000% 12/15/20220.1%
Univ of Illinois Bd of Trustees4.000% 04/01/20330.1%
New Jersey Transp Tr Fnd Auth4.000% 12/15/20310.1%
Clarke Cnty Hosp Auth, GA5.000% 07/01/20300.1%
Chicago5.000% 01/01/20240.1%
Farmington, NM4.700% 05/01/20240.1%
New Jersey Transportation Trust Fund5.250% 06/15/20430.1%
Lehigh Cnty Gen Purp Auth, PA5.000% 07/01/20290.1%
Village of Romeoville IL4.000% 12/30/20360.1%
Tobacco Settlement Fing Corp.5.000% 05/15/20220.1%
Maricopa Cnty Poll Cntrl Corp., AZ3.600% 02/01/20400.1%
Michigan Tobacco Settlement Fin Auth5.250% 06/01/20220.1%
California State University System5.000% 11/01/20240.1%
Houston, TX5.000% 07/01/20210.1%
Broward Cnty Sch Brd, FL5.000% 07/01/20210.1%
Decatur Hosp Auth5.000% 09/01/20340.1%
California Hlth Facs Fing Auth5.000% 11/15/20250.1%
Cook Cnty, IL5.000% 11/15/20210.1%
Puerto Rico Sales Tax Financing Corporation5.000% 07/01/20580.1%
HI Dept Budget & Finance - Hawaiian Electric3.250% 01/01/20250.1%
St. Paul Hsg & Redev Auth, MN5.000% 11/15/20240.1%
Phoenix Civ Impt Corp., AZ5.000% 07/01/20300.1%
Whiting Env Facs - British Petroleum5.250% 01/01/20210.1%
New York City Tr for Cultural Resources5.000% 07/01/20210.1%
Chicago, IL5.000% 01/01/20260.1%
South Carolina St Ports Auth5.000% 07/01/20320.1%
Port Auth of New York & New Jersey5.000% 11/01/20300.1%
Chicago, IL5.000% 01/01/20290.1%
California Statewide Comntys Dev Auth5.250% 12/01/20340.1%
Metropolitan Pier & Exposition Auth, IL5.250% 06/15/20500.1%
Cook Cnty, IL5.000% 11/15/20200.1%
Illinois Fin Auth5.000% 08/15/20350.1%
Texas Muni Gas Acquisition & Supply Corp.5.250% 12/15/20210.1%
Pennsylvania Econ Dev - PPL Electric Utility4.000% 10/01/20230.1%
MA Bay Transp Auth5.000% 07/01/20360.1%
Philadelphia Redev Auth, PA5.000% 04/15/20280.1%
Lower Alabama Gas Dist5.000% 09/01/20310.1%
Miami Dade Cnty Sch Bd, FL4.000% 03/15/20340.1%
Riverside, CA5.000% 10/01/20370.1%
Kentucky Econ Dev Fin Auth5.000% 06/01/20290.1%
Moon Indus Dev Auth5.125% 07/01/20250.1%
Puerto Rico Aqueduct & Swr Auth5.000% 07/01/20220.1%
California1.948% 12/01/20310.1%
Port Auth of New York & New Jersey5.000% 09/15/20280.1%
Piedmont Muni Pwr Agy, SC5.000% 01/01/20220.1%
New Jersey Econ Dev Auth2.700% 03/01/20280.1%
Phoenix Civ Impt Corp., AZ5.000% 07/01/20360.1%
Metro Atlanta Rapid Transit Auth, GA3.000% 07/01/20370.1%
Dorm Auth of the St of New York5.000% 07/01/20280.1%
Cnty of Sacramento CA Arpt Sys Rev5.000% 07/01/20340.1%
Indiana Muni Pwr Agy5.000% 01/01/20340.1%
Niagara Area Dev Corp., NY3.500% 11/01/20240.1%
Broward Cnty, FL5.000% 10/01/20370.1%
Metropolitan Transp Auth, NY5.000% 11/15/20330.1%
Golden St Tobacco Securitization Corp.5.000% 06/01/20270.1%
Chicago Brd of Ed4.000% 12/01/20270.1%
Port of Seattle, WA5.000% 05/01/20330.1%
M-S-R Energy Auth6.125% 11/01/20290.1%
Philadelphia Hosp & Hgr Ed Fac Auth, PA5.000% 07/01/20320.1%
Lake County Township High School District No 113-H4.000% 01/01/20320.1%
Albuquerque Bernalillo Cnty Wtr Util Auth, NM5.000% 07/01/20250.1%
New York Mtg Agy3.000% 10/01/20390.1%
Seminole Cnty, FL5.000% 10/01/20240.1%
Duluth Econ Dev Auth, MN5.750% 06/15/20320.1%
Pima Cnty Indus Dev Auth, AZ4.750% 06/15/20370.1%
Alameda Corridor Transp Auth5.000% 10/01/20260.1%
Univ of Connecticut5.000% 11/01/20320.1%
Franklin Hlth & Edl Facs Bd6.500% 06/01/20270.1%
Luzerne Cnty, PA5.000% 11/15/20240.1%
California State Pub Wks Bd5.000% 04/01/20220.1%
Minnesota Agri & Econ Dev Bd5.500% 02/15/20250.1%
Houston, TX5.000% 11/15/20230.1%
Montgomery Cnty Indus Dev Auth, PA5.000% 01/15/20240.1%
Crawford Cnty Hosp Auth6.000% 06/01/20360.1%
Plaza Metropolitan Dist No 14.500% 12/01/20300.1%
South Miami Hlth Fac Auth, FL5.000% 08/15/20270.1%
New Jersey5.000% 06/01/20270.1%
New York City Hlth & Hosp Corp.5.000% 02/15/20230.1%
Chicago, IL5.500% 01/01/20490.1%
New York City5.000% 10/01/20320.1%
California Muni Fin Auth2.650% 08/01/20360.1%
Puerto Rico Pub Bldgs Auth10.000% 07/01/20350.1%
Chicago, IL5.250% 01/01/20280.1%
Municipal Elec Auth of Georgia5.000% 01/01/20210.1%
Hudson Yards Infrastr Corp., NY5.000% 02/15/20290.1%
Multnomah Cnty Hosp Facs Auth, OR5.125% 10/01/20340.1%
Massachusetts Dev Fin Agy4.000% 07/01/20370.1%
Miami Dade Cnty, FL5.000% 10/01/20250.1%
Village of Bellwood, IL6.150% 12/01/20320.1%
Village of Romeoville IL4.000% 12/30/20370.1%
Tyler Hlth Facs Dev Corp.5.500% 07/01/20270.1%
Central Texas Turnpike Sys5.000% 08/15/20280.1%
Modesto Irr Dist, CA5.000% 07/01/20240.1%
Indianapolis Local Pub Impt Bnd Bank5.000% 06/01/20240.1%
St. Louis Indus Dev Auth, MO4.375% 11/15/20350.1%
Wayne St Univ Bd of Governors, MI4.000% 11/15/20340.1%
Camden Cnty Impt Auth, NJ5.000% 02/15/20240.1%
St. Paul Hsg & Redev Auth, MN5.000% 11/15/20230.1%
North Texas Tollway Auth5.000% 01/01/20350.1%
New Jersey Econ Dev Auth5.500% 06/15/20290.1%
New York Transp Dev Corp.5.000% 01/01/20310.1%
Allegheny Cnty Hosp Dev Auth, PA4.000% 07/15/20380.1%
Texas Water Development Board3.000% 10/15/20330.1%
New York City Mun Fin Auth4.000% 06/15/20370.1%
St of Alabama Docks Department5.000% 10/01/20290.1%
Pittsburg Redev Agy, CA5.000% 09/01/20250.1%
California Hlth Facs Fing Auth5.000% 11/15/20340.1%
Commonwealth Financing Authority5.000% 06/01/20320.1%
Tempe Industrial Development Authority4.000% 10/01/20230.1%
Salem Hosp Fac Auth5.000% 05/15/20290.1%
Michigan Strategic Fnd5.250% 10/15/20230.1%
Montgomery Cnty Indus Dev Auth, PA4.000% 01/01/20230.1%
County of Cook IL Sales Tax Revenue4.000% 11/15/20340.1%
New York Transp Dev Corp.5.000% 01/01/20340.1%
Pub Fin Auth5.250% 07/01/20280.1%
Port of Portland, OR Arpt Rev5.000% 07/01/20390.1%
Denver City & Cnty Dept of Aviation, CO5.000% 10/01/20320.1%
DeForest Area School District/WI3.000% 04/01/20380.1%
Ohio Air Qlty Dev Auth4.250% 01/15/20380.1%
Hawaii Arpt Sys5.000% 07/01/20330.1%
Long Beach Bnd Fin Auth2.710% 11/15/20260.1%
Railsplitter Tobacco Settlement Auth5.000% 06/01/20270.1%
California Hlth Facs Fing Auth5.000% 11/15/20260.1%
Minneapolis St Paul Metro Arpts Comm, MN5.000% 01/01/20280.1%
Miami Dade Cnty, FL5.000% 10/01/20280.1%
Port of Portland, OR Arpt Rev5.000% 07/01/20380.1%
Build NYC Resource Corp., NY4.500% 01/01/20250.1%
Washington Hlthcare Facs Auth2.284% 01/01/20420.1%
Village Comnty Dev Dist No. 123.250% 05/01/20260.1%
Northern California Pwr Agy5.000% 07/01/20260.1%
Luzerne Cnty Indus Dev Auth, PA2.450% 12/01/20390.1%
Greeneville Health & Educational Facilities Board5.000% 07/01/20350.1%
Michigan Tobacco Settlement Fin Auth5.125% 06/01/20220.1%
Lower Colorado River Auth, TX5.000% 05/15/20340.1%
Western Michigan Univ Brd of Trustees5.250% 11/15/20200.1%
California3.000% 10/01/20330.1%
San Diego Convtn Ctr Expansion Fing Auth, CA5.000% 04/15/20210.1%
Pennsylvania Tpk Comm5.000% 12/01/20220.1%
New Hope Cultural Ed Fin Corp, TX5.000% 08/15/20280.1%
Philadelphia Sch Dist, PA5.000% 09/01/20320.1%
Philadelphia, PA5.000% 11/01/20290.1%
Clifton Hgr Ed Fin Corp., TX5.700% 12/01/20250.1%
California Muni Fin Auth5.000% 12/31/20360.1%
Miami Dade Cnty Expwy Auth, FL5.000% 07/01/20240.1%
California Muni Fin Auth5.000% 02/01/20300.1%
New York City Indl Dev Agy2.584% 03/01/20210.1%
Puerto Rico Sales Tax Fincg Corp0.000% 07/01/20310.1%
Puerto Rico Aqueduct & Swr Auth5.250% 07/01/20420.1%
Clifton Hgr Ed Fin Corp., TX5.125% 08/15/20300.1%
Fresno Unif Sch Dist, CA5.250% 02/01/20240.1%
Dallas, TX5.000% 08/15/20210.1%
Central Texas Turnpike Sys5.000% 08/15/20270.1%
New York City Indl Dev Agy5.000% 07/01/20280.1%
Michigan St Bldg Auth5.000% 04/15/20360.1%
Indiana Fin Auth6.000% 12/01/20190.1%
New York State Urban Dev Corp.5.000% 01/01/20220.1%
Salt Lake City Corp Arpt Rev5.000% 07/01/20290.1%
New York Transp Dev Corp.4.000% 07/01/20330.1%
Cnty of Wood, OH5.000% 12/01/20270.1%
Harris County Toll Road Authority/The5.000% 08/15/20310.1%
Colorado Hlth Facs Auth5.000% 08/01/20310.1%
New York City Transitional Finance Auth - Future Tax1.100% 08/01/20310.1%
South Miami Hlth Fac Auth, FL5.000% 08/15/20260.1%
Birdville Independent School District4.000% 02/15/20380.1%
Chicago Brd of Ed5.000% 12/01/20300.1%
Greater Orlando Aviation Auth5.000% 10/01/20290.1%
Salt Lake City Corp Arpt Rev5.000% 07/01/20310.1%
Louisiana Pub Facs Auth5.000% 06/01/20230.1%
Salt Lake City Corp Arpt Rev5.000% 07/01/20320.1%
Illinois, IL5.250% 02/01/20340.1%
Greeneville Health & Educational Facilities Board5.000% 07/01/20360.1%
Niagara Frontier Transp Auth, NY5.000% 04/01/20270.1%
Iowa Fin Auth5.875% 12/01/20260.1%
Chicago Brd of Ed5.000% 12/01/20290.1%
New Jersey Transp Tr Fnd Auth5.000% 06/15/20300.1%
Chicago, IL5.125% 01/01/20270.1%
City of Blaine, MN5.125% 07/01/20250.1%
Philadelphia, PA5.000% 02/01/20300.1%
New Jersey Econ Dev Auth5.000% 06/15/20340.1%
Chicago Brd of Ed5.000% 12/01/20270.1%
Chicago Brd of Ed5.000% 12/01/20340.1%
Michigan Strategic Fnd1.450% 08/01/20290.1%
California Hsg Fin Agy4.250% 01/15/20350.1%
Montgomery Cnty Indus Dev Auth, PA5.250% 01/15/20280.1%
St of Connecticut Clean Wtr Fnd - St Revolving Fnd4.000% 02/01/20380.1%
Chabot-Las Positas Comnty Coll Dist, CA5.000% 08/01/20230.1%
California State Pub Wks Bd5.000% 06/01/20230.1%
Alachua Cnty Hlth Facs Auth5.000% 11/15/20240.1%
Martin Cnty Hosp Dist7.000% 04/01/20310.1%
Illinois Sports Facs Auth5.000% 06/15/20270.1%
California State Pub Wks Bd5.000% 04/01/20210.1%
Palomar Hlth5.000% 11/01/20360.1%
Allegheny Cnty Indl Dev Auth, PA4.875% 11/01/20240.1%
Chicago5.000% 01/01/20220.1%
Guadalupe Regional Medical Center5.250% 12/01/20350.1%
New Jersey Hsg & Mtg Fin Agy3.800% 10/01/20320.1%
Texas Muni Gas Acquisition & Supply Corp.5.250% 12/15/20230.1%
Nashville & Davidson Cnty Metro Govt Convention Ct5.000% 07/01/20220.1%
California St Univ5.000% 11/01/20260.1%
Chicago, IL5.000% 01/01/20230.1%
Camden Cnty Impt Auth, NJ5.000% 02/15/20230.1%
Niagara Frontier Transp Auth, NY5.000% 04/01/20230.1%
Indus Dev Auth of the Twn of Florence, Inc., AZ5.750% 07/01/20330.1%
Central Texas Regl Mobility Auth, TX5.000% 01/01/20330.1%
Wyandotte Cnty / Kansas City Unif Govt5.000% 09/01/20210.1%
New Jersey Econ Dev Auth5.250% 06/15/20320.1%
Dorm Auth of the St of New York5.000% 07/01/20290.1%
Michigan Fin Auth5.000% 06/01/20220.1%
Nassau Cnty Local Econ Assistance Corp.5.000% 07/01/20270.1%
Florida Dev Fin Corp.7.500% 06/15/20330.1%
New Jersey Economic Dev Auth - Cigarette Tax5.000% 06/15/20240.1%
District of Columbia, DC5.000% 06/01/20320.1%
South Miami Hlth Fac Auth, FL5.000% 08/15/20280.1%
Florida Dev Fin Corp.7.000% 06/15/20260.1%
NYC Capital Resource Corp - Arthur Corp7.000% 08/01/20250.1%
Houston, TX5.000% 05/15/20220.1%
Golden State Tobacco Securitization Corp5.000% 06/01/20470.1%
Chicago Brd of Ed5.000% 12/01/20310.1%
Peralta Comnty Coll Dist, CA5.000% 08/01/20210.1%
New York Transp Dev Corp.4.000% 07/01/20320.1%
Greater Orlando Aviation Auth5.000% 11/15/20260.1%
Tennessee Energy Acquisition Corp.5.250% 09/01/20210.1%
City of Atlanta, GA, Department of Aviation5.500% 01/01/20210.1%
Ohio State Hsp Facs - Cleveland Clinic Health System1.050% 01/01/20520.1%
New Hampshire Bus Fin Auth4.000% 11/01/20270.1%
Illinois, IL5.000% 11/01/20290.1%
Philadelphia, PA5.000% 02/01/20310.1%
Harris County Toll Road Authority/The5.000% 08/15/20290.1%
Massachusetts Dev Fin Agy5.000% 01/01/20270.1%
Maricopa Cnty Poll Cntrl Corp., AZ3.600% 04/01/20400.1%
Stamford, CT3.000% 06/01/20370.1%
Troy Capital Resources Corp., NY5.000% 08/01/20250.1%
Philadelphia, PA5.000% 02/01/20330.1%
Stamford, CT3.000% 06/01/20380.1%
Successor Agy to the Emeryville RDA, CA5.000% 09/01/20250.1%
Puerto Rico Elec Pwr Auth7.000% 07/01/20330.1%
Stamford, CT3.000% 06/01/20390.1%
Albuquerque Bernalillo Cnty Wtr Util Auth, NM5.000% 07/01/20240.1%
Philadelphia Sch Dist, PA5.000% 09/01/20300.1%
Philadelphia Sch Dist, PA5.000% 09/01/20310.1%
Chicago, IL5.000% 11/01/20250.1%
Broward Cnty, FL5.000% 10/01/20350.1%
California Hlth Facs Fing Auth5.000% 11/15/20330.1%
Houston, TX5.000% 07/15/20280.1%
Indiana Fin Auth5.250% 02/01/20290.1%
Lower Colorado River Auth, TX5.000% 05/15/20350.1%
Univ of North Carolina at Wilmington5.000% 06/01/20240.1%
New Jersey Hgr Ed Stud Asst Auth4.000% 12/01/20320.1%
Port of Portland, OR Arpt Rev5.000% 07/01/20370.1%
Polk Cnty, FL5.000% 12/01/20210.1%
Central Plains Energy Pj5.000% 09/01/20350.1%
Town of Davie FL5.000% 04/01/20380.1%
West Virginia Eco Dev Corp - Morgantown Energy2.875% 12/15/20260.1%
Hanover Cnty Econ Dev Auth4.500% 07/01/20300.1%
Illinois St Toll Hwy Auth5.000% 01/01/20280.1%
Jefferson Cnty, AL5.000% 09/15/20260.1%
Tobacco Settlement Fing Corp.5.000% 06/01/20270.1%
Central Texas Turnpike Sys5.000% 08/15/20260.1%
Broward Cnty, FL5.000% 10/01/20360.1%
Matagorda Cnty Navigation Dist No 1, TX2.600% 11/01/20290.1%
City of Atlanta, GA, Department of Aviation5.000% 01/01/20290.1%
Montgomery Cnty Hgr Ed & Hlth Auth, PA4.000% 09/01/20390.1%
Dorm Auth of the St of New York5.000% 10/01/20230.1%
Miami Dade Cnty Expwy Auth, FL5.000% 07/01/20230.1%
Houston, TX5.000% 07/15/20300.1%
Oklahoma Dev Fin Auth5.000% 08/15/20380.1%
New Jersey Transp Tr Fnd Auth5.000% 06/15/20310.1%
West Pace Cooperative District9.125% 05/01/20390.1%
Luzerne Cnty, PA5.000% 11/15/20230.1%
Michigan Strategic Fnd4.250% 12/31/20380.1%
Triborough Br & Tunnel Auth, NY5.500% 11/15/20210.1%
City of Oroville CA5.250% 04/01/20340.1%
Connecticut Hlth & Educl Facs Auth4.000% 07/01/20350.1%
New Jersey Econ Dev Auth5.000% 01/01/20300.1%
Univ of North Carolina at Wilmington5.000% 06/01/20230.1%
Salt Lake City Corp Arpt Rev5.000% 07/01/20300.1%
Maricopa Cnty Indus Dev Auth, AZ5.000% 07/01/20360.1%
Frederick Cnty, MD5.000% 09/01/20320.1%
Long Island Pwr Auth, NY5.000% 09/01/20340.1%
Colorado Hlth Facs Auth4.000% 08/01/20390.1%
Cleveland, OH5.000% 01/01/20290.1%
Cleveland, OH5.000% 01/01/20280.1%
Massachusetts Dev Fin Agy5.000% 07/01/20390.1%
Fairfax Cnty Econ Dev Auth, VA4.500% 12/01/20320.1%
Southeastern Pennsylvania Transp Auth5.000% 06/01/20230.1%
North Carolina Medical Care Comm4.750% 03/01/20320.1%
Kane County Community Unit School District No 3045.000% 01/01/20290.1%
Missouri Hsg Dev Comm4.250% 05/01/20470.1%
Jacksonville, FL5.000% 10/01/20210.1%
New Jersey Hgr Ed Stud Asst Auth4.000% 12/01/20340.1%
Eden Twp Hlthcare Dist, CA5.375% 06/01/20230.1%
Norman Y Mineta San Jose International Arpt SJC5.000% 03/01/20270.1%
Central Texas Turnpike Sys5.000% 08/15/20250.1%
Main Street Natural Gas, Inc.5.000% 03/15/20210.1%
North Carolina Capital Facs Fin Agy5.000% 05/01/20320.1%
New Jersey Hgr Ed Stud Asst Auth3.750% 12/01/20300.1%
Reedy Creek Improvement District4.000% 06/01/20310.1%
Michigan Fin Auth5.000% 07/01/20340.1%
Phoenix Indus Dev Auth, AZ5.000% 07/01/20350.1%
Cleveland, OH5.000% 01/01/20270.1%
New York City Indl Dev Agy5.000% 07/01/20220.1%
Louisville Regl Arpt Auth, KY5.000% 07/01/20230.1%
New Jersey Tpk Auth5.000% 01/01/20330.1%
Michigan Tobacco Settlement Fin Auth6.000% 06/01/20340.1%
New York Transp Dev Corp.5.000% 07/01/20340.1%
SA Energy Acquisition Pub Fac Corp.5.500% 08/01/20210.1%
City of Atlanta, GA, Department of Aviation4.000% 07/01/20390.1%
Colorado Hlth Facs Auth2.800% 05/15/20420.1%
Delaware River Jt Toll Br Comm, PA5.000% 07/01/20320.1%
Chicago, IL5.000% 01/01/20310.1%
Kentucky Econ Dev Fin Auth5.375% 11/15/20320.1%
California Hlth Facs Fing Auth5.000% 11/15/20320.1%
Connecticut5.000% 06/15/20320.1%
Massachusetts Dev Fin Agy5.000% 07/01/20360.1%
Hawaii Arpt Sys5.000% 07/01/20340.1%
Luzerne Cnty, PA5.000% 11/15/20220.1%
New Hope Cultural Ed Fin Corp, TX5.000% 08/15/20260.1%
Berks County Industrial Development Authority4.000% 11/01/20310.1%
Texas Muni Gas Acquisition & Supply Corp. III5.000% 12/15/20290.1%
Cnty of Wood, OH5.000% 12/01/20320.1%
St of Alabama Docks Department5.000% 10/01/20270.1%
Dorm Auth of the St of New York5.000% 12/01/20280.1%
South Florida Wtr Mgmt Dist5.000% 10/01/20270.1%
Illinois Fin Auth5.000% 11/01/20350.1%
Dorm Auth of the St of New York5.000% 07/01/20260.1%
St of Alabama Docks Department5.000% 10/01/20280.1%
Imperial Irr Dist5.000% 11/01/20320.1%
Chicago, IL4.000% 01/01/20340.1%
Delaware River Jt Toll Br Comm, PA5.000% 07/01/20300.1%
Wayne Cnty Arpt Auth5.000% 12/01/20270.1%
Alabama Indl Dev Auth6.450% 12/01/20230.1%
Los Angeles, CA5.000% 05/15/20270.1%
Houston Hgr Ed Fin Corp., TX5.000% 02/15/20320.0%
Pub Fin Auth6.850% 10/01/20470.0%
Alaska International Arpts Sys5.000% 10/01/20280.0%
Village Comnty Dev Dist No. 123.800% 05/01/20280.0%
New Jersey Econ Dev Auth5.000% 06/15/20300.0%
Central Texas Regl Mobility Auth, TX5.000% 01/01/20320.0%
Chicago, IL5.000% 01/01/20310.0%
Howard Cnty, MD3.000% 08/15/20370.0%
New Jersey Hlthcare Facs Fing Auth5.000% 07/01/20280.0%
Cleveland-Cuyahoga County Port Authority5.000% 12/01/20330.0%
New Jersey Econ Dev Auth5.000% 06/15/20330.0%
Montgomery Cnty Indus Dev Auth, PA5.250% 01/15/20260.0%
Perris Union High Sch District,CA4.000% 09/01/20370.0%
Tobacco Settlement Fing Corp.5.000% 06/01/20280.0%
Village Comnty Dev Dist No 96.750% 05/01/20310.0%
Houston, TX5.000% 03/01/20240.0%
Capital Trust Agency Inc5.000% 06/15/20390.0%
Successor Agy to the Emeryville RDA, CA5.000% 09/01/20240.0%
Iowa Fin Auth3.125% 12/01/20220.0%
San Diego Cnty Regl Arpt Auth, CA4.000% 07/01/20370.0%
Frederick Cnty, MD5.000% 09/01/20270.0%
San Diego Cnty Regl Arpt Auth, CA4.000% 07/01/20380.0%
Maricopa Cnty Indus Dev Auth, AZ5.000% 07/01/20390.0%
New York St Thruway Auth5.000% 01/01/20240.0%
Philadelphia Hosp & Hgr Ed Fac Auth, PA5.000% 07/01/20290.0%
Pennsylvania Tpk Comm5.000% 12/01/20350.0%
Kirkwood Indus Dev Auth5.250% 05/15/20370.0%
New York City Transitional Fin Auth1.040% 11/01/20220.0%
Clarion Cnty Indus Dev Auth2.450% 12/01/20390.0%
Missouri Joint Muni Electric Utility Comm5.000% 01/01/20230.0%
Puerto Rico5.000% 07/01/20350.0%
Massachusetts Dev Fin Agy4.000% 07/01/20350.0%
New York City5.000% 08/01/20320.0%
Perris Union High Sch District,CA4.000% 09/01/20400.0%
City of Atlantic Beach, FL5.000% 11/15/20280.0%
Chicago, IL5.625% 01/01/20300.0%
Port Authority of NY & NJ - JFK International Airport5.000% 12/01/20200.0%
Miami Dade Cnty Expwy Auth, FL5.000% 07/01/20230.0%
Louisiana Citizens Property Insurance Corp.5.000% 06/01/20220.0%
Philadelphia, PA5.000% 02/01/20320.0%
Texas Muni Gas Acquisition & Supply Corp. III5.000% 12/15/20280.0%
California Hlth Facs Fing Auth5.000% 11/15/20240.0%
Maricopa Cnty Indus Dev Auth, AZ5.000% 09/01/20360.0%
Lower Colorado River Auth, TX5.000% 05/15/20360.0%
Michigan Fin Auth5.000% 07/01/20350.0%
Montgomery Cnty Indus Dev Auth, PA5.000% 01/01/20300.0%
Village Comnty Dev Dist No. 124.000% 05/01/20330.0%
Massachusetts Dev Fin Agy5.000% 01/01/20280.0%
Philadelphia, PA5.000% 08/01/20290.0%
Pennsylvania Indus Dev Auth5.000% 07/01/20200.0%
North Texas Tollway Auth5.000% 01/01/20350.0%
District of Columbia, DC5.000% 07/15/20260.0%
Puerto Rico Sales Tax Fincg Corp4.750% 07/01/20530.0%
Connecticut4.000% 04/15/20370.0%
Modesto Irr Dist, CA5.000% 07/01/20230.0%
Delaware River Port Auth, PA5.000% 01/01/20270.0%
Dorm Auth of the St of New York5.000% 07/01/20360.0%
Pittsburg Redev Agy, CA5.000% 08/01/20210.0%
Connecticut Hlth & Educl Facs Auth4.000% 07/01/20390.0%
Puerto Rico Sales Tax Fincg Corp0.000% 07/01/20270.0%
Howard Cnty, MD3.000% 08/15/20360.0%
New York St Envr Facs Corp.2.875% 12/01/20440.0%
Central Texas Regl Mobility Auth, TX5.000% 01/01/20310.0%
Connecticut Hlth & Educl Facs Auth4.000% 07/01/20340.0%
Ohio Air Qlty Dev Auth3.750% 01/15/20280.0%
County of Lake IL3.500% 11/30/20310.0%
Love Field Arpt Modernization Corp., TX5.000% 11/01/20280.0%
North Carolina Medical Care Comm5.000% 10/01/20310.0%
Cleveland-Cuyahoga County Port Authority5.250% 12/01/20380.0%
Cleveland St Univ, OH5.000% 06/01/20240.0%
Dorm Auth of the St of New York5.000% 05/01/20210.0%
Miami Dade Cnty Expwy Auth, FL5.000% 07/01/20220.0%
Troy Capital Resources Corp., NY5.000% 08/01/20270.0%
Pennsylvania Tpk Comm5.000% 12/01/20320.0%
Norman Y Mineta San Jose International Arpt SJC5.000% 03/01/20280.0%
Wayne Cnty Arpt Auth5.000% 12/01/20260.0%
New Jersey Hlthcare Facs Fing Auth5.000% 07/01/20290.0%
Phoenix Civ Impt Corp., AZ5.000% 07/01/20290.0%
New Jersey Tpk Auth5.000% 01/01/20340.0%
Dorm Auth of the St of New York4.000% 08/01/20360.0%
Illinois Fin Auth5.000% 05/15/20300.0%
Cuyahoga Comnty Coll Dist, OH5.000% 08/01/20200.0%
Karnes Cnty Hosp Dist5.000% 02/01/20240.0%
Puerto Rico Elec Pwr Auth5.000% 07/01/20420.0%
Dorm Auth of the St of New York5.000% 12/01/20260.0%
California Sch Fin Auth5.000% 08/01/20360.0%
Puerto Rico Sales Tax Fincg Corp0.000% 07/01/20460.0%
California Muni Fin Auth5.000% 07/01/20310.0%
Norman Y Mineta San Jose International Arpt SJC5.000% 03/01/20350.0%
California Statewide Comntys Dev Auth5.250% 12/01/20380.0%
Puerto Rico Elec Pwr Auth5.500% 07/01/20380.0%
Louisville Regl Arpt Auth, KY5.000% 07/01/20220.0%
Washington St Hsg Fin Comm2.375% 01/01/20260.0%
Gloucester Cnty Pollution Cntrl Fing Auth5.000% 12/01/20240.0%
Clifton Hgr Ed Fin Corp., TX3.750% 08/15/20220.0%
New York City Transitional Fin Auth5.000% 07/15/20280.0%
Chicago Brd of Ed5.000% 12/01/20310.0%
Pennsylvania Econ Dev Fing Auth5.375% 03/01/20310.0%
Puerto Rico Hwy & Transp Auth5.500% 07/01/20230.0%
Philadelphia, PA5.000% 08/01/20300.0%
Missouri Joint Muni Electric Utility Comm5.000% 01/01/20250.0%
Village Comnty Dev Dist No 95.250% 05/01/20310.0%
Georgia Private College & Univ Auth5.000% 04/01/20290.0%
Clackamas Cnty Sch Dist No. 12 North Clackamas, OR5.000% 06/15/20250.0%
Brooklyn Arena Local Dev Corp.4.000% 07/15/20290.0%
Maryland Econ Dev Corp.5.000% 12/01/20160.0%
Miami Dade Cnty, FL5.000% 10/01/20220.0%
Oklahoma Dev Fin Auth2.375% 12/01/20210.0%
Miami Beach Hlth Facs Auth5.000% 11/15/20300.0%
Kane County Community Unit School District No 3045.000% 01/01/20300.0%
Western Minnesota Muni Pwr Agy5.000% 01/01/20230.0%
California Hlth Facs Fing Auth5.000% 11/15/20220.0%
Marietta Dev Auth5.000% 11/01/20370.0%
Palomar Hlth5.250% 11/01/20210.0%
Phoenix Civ Impt Corp., AZ5.000% 07/01/20220.0%
Hawaii St Dept of Budget & Fin5.000% 11/15/20270.0%
Pennsylvania Tpk Comm5.000% 12/01/20330.0%
Illinois Fin Auth5.000% 09/01/20250.0%
Wisconsin Hlth & Edl Facs Auth5.000% 08/01/20370.0%
City of Irvine CA4.000% 09/02/20220.0%
Glendale Industrial Development Authority5.000% 11/15/20360.0%
Miami Dade Cnty, FL5.000% 10/01/20210.0%
Metropolitan Transp Auth, NY5.000% 11/15/20210.0%
Michigan Strategic Fnd5.250% 06/01/20320.0%
New Jersey Econ Dev Auth5.000% 06/15/20420.0%
Dorm Auth of the St of New York5.000% 12/01/20270.0%
Hawaii Arpt Sys5.000% 07/01/20310.0%
Harris Cnty Cultural Ed Facs Fin Corp., TX6.375% 01/01/20330.0%
Orange Cnty Comnty Facs Dist5.000% 08/15/20330.0%
Colorado Hlth Facs Auth5.000% 01/01/20310.0%
Berks County Industrial Development Authority5.000% 11/01/20300.0%
Hlth & Ed Facs Bd of the Metro Govt of Nashville &5.000% 07/01/20310.0%
Howard Cnty, MD3.000% 08/15/20380.0%
Georgia Private College & Univ Auth5.000% 04/01/20310.0%
New Jersey Hlthcare Facs Fing Auth5.000% 07/01/20280.0%
Philadelphia, PA5.000% 08/01/20280.0%
New Jersey Econ Dev Auth5.000% 06/15/20360.0%
Massachusetts Dev Fin Agy5.000% 06/01/20390.0%
Indiana Housing and Cmnty Dev Auth - Single Family Mortgage1.250% 07/01/20470.0%
Pennsylvania Tpk Comm5.000% 12/01/20340.0%
Montgomery Cnty Hgr Ed & Hlth Auth, PA4.000% 09/01/20360.0%
California Hlth Facs Fing Auth5.000% 08/15/20320.0%
Wisconsin Hlth & Edl Facs Auth5.000% 08/01/20320.0%
St of Alabama Docks Department5.000% 10/01/20260.0%
Hampton Roads Transportation Accountability Commis5.000% 07/01/20320.0%
Puerto Rico Sales Tax Fincg Corp0.000% 07/01/20330.0%
Westchester Cnty Local Dev Corp.5.000% 01/01/20280.0%
Allentown Neighborhood Impt Zone Dev Auth5.000% 05/01/20320.0%
Camden Cnty Impt Auth, NJ5.000% 02/15/20250.0%
Tulsa Cnty Indus Auth5.250% 11/15/20370.0%
California Hlth Facs Fing Auth5.000% 11/15/20290.0%
Connecticut5.000% 04/15/20360.0%
Oneida County Local Development Corp4.000% 12/01/20360.0%
Chicago Brd of Ed5.000% 12/01/20320.0%
Broward Cnty, FL5.000% 10/01/20290.0%
Norman Y Mineta San Jose International Arpt SJC5.000% 03/01/20260.0%
California Hlth Facs Fing Auth5.000% 08/15/20310.0%
Los Angeles Cnty, CA5.000% 09/01/20220.0%
Connecticut5.000% 06/15/20350.0%
Kane County Community Unit School District No 3045.000% 01/01/20280.0%
Connecticut5.000% 06/15/20340.0%
Arista Metropolitan District5.000% 12/01/20380.0%
Montgomery Cnty Hgr Ed & Hlth Auth, PA4.000% 09/01/20380.0%
Tobacco Settlement Fing Corp.5.000% 06/01/20460.0%
New Hope Cultural Ed Fin Corp, TX5.000% 07/01/20360.0%
Phoenix Indus Dev Auth, AZ5.000% 07/01/20320.0%
Puerto Rico4.500% 07/01/20230.0%
New Jersey Hlthcare Facs Fing Auth5.000% 07/01/20310.0%
New Jersey Hlthcare Facs Fing Auth5.000% 07/01/20300.0%
New Jersey Hlthcare Facs Fing Auth5.000% 07/01/20290.0%
Cumberland Cnty Muni Auth, PA5.250% 01/01/20320.0%
Hampton Roads Transportation Accountability Commis5.000% 07/01/20330.0%
Village Community Development District No 133.375% 05/01/20340.0%
Illinois Fin Auth5.000% 07/15/20290.0%
Delaware River Jt Toll Br Comm, PA5.000% 07/01/20290.0%
Chicago Brd of Ed0.000% 12/01/20260.0%
Harris County Toll Road Authority/The5.000% 08/15/20300.0%
Massachusetts Dev Fin Agy5.000% 07/01/20340.0%
Dorm Auth of the St of New York4.000% 07/01/20370.0%
San Francisco Bay Area Rapid Transit District Sale5.000% 07/01/20260.0%
Puerto Rico Hwy & Transp Auth5.500% 07/01/20240.0%
Maricopa Cnty Indus Dev Auth, AZ5.000% 09/01/20340.0%
Maricopa Cnty Indus Dev Auth, AZ5.000% 09/01/20350.0%
Golden St Tobacco Securitization Corp.5.000% 06/01/20280.0%
North Carolina Turnpike Auth5.000% 01/01/20310.0%
Massachusetts Dev Fin Agy5.000% 07/01/20380.0%
Troy Capital Resources Corp., NY5.000% 08/01/20260.0%
North Carolina Turnpike Auth5.000% 01/01/20320.0%
Maryland Hlth & Hgr Ed Facs Auth5.000% 07/01/20310.0%
California Muni Fin Auth5.000% 07/01/20330.0%
Philadelphia, PA5.000% 08/01/20260.0%
California Statewide Comntys Dev Auth5.000% 05/15/20260.0%
Alaska International Arpts Sys5.000% 10/01/20270.0%
Puerto Rico Sales Tax Fincg Corp0.000% 07/01/20290.0%
Philadelphia, PA5.000% 08/01/20270.0%
California Statewide Comntys Dev Auth5.000% 12/01/20330.0%
Stockton Pub Fincg Auth, CA5.000% 09/01/20240.0%
Troy Capital Resources Corp., NY5.000% 08/01/20240.0%
Washington St Hsg Fin Comm6.000% 01/01/20240.0%
Edl Enhancement Funding Corp.5.000% 06/01/20250.0%
Allentown Neighborhood Impt Zone Dev Auth5.000% 05/01/20330.0%
Illinois Fin Auth5.000% 09/01/20340.0%
Guam Waterworks Auth5.000% 07/01/20360.0%
New Jersey Econ Dev Auth5.000% 06/15/20350.0%
San Jose Fing Auth, CA5.000% 06/01/20230.0%
Illinois St Toll Hwy Auth5.000% 01/01/20270.0%
Sparks, NV6.500% 06/15/20200.0%
Chicago, IL5.500% 01/01/20370.0%
Puerto Rico Hwy & Transp Auth5.250% 07/01/20320.0%
Franklin Cnty Indus Dev Auth, PA5.000% 12/01/20310.0%
Camden Cnty Impt Auth, NJ5.000% 02/15/20270.0%
Oneida County Local Development Corp4.000% 12/01/20350.0%
Puerto Rico Sales Tax Fincg Corp4.784% 07/01/20580.0%
New Jersey Hlthcare Facs Fing Auth4.000% 07/01/20360.0%
Guam Waterworks Auth5.000% 07/01/20290.0%
Franklin Cnty Indus Dev Auth, PA5.000% 12/01/20330.0%
New Jersey Hlthcare Facs Fing Auth4.000% 07/01/20370.0%
Edl Enhancement Funding Corp.5.000% 06/01/20230.0%
Oneida County Local Development Corp4.000% 12/01/20370.0%
Edl Enhancement Funding Corp.5.000% 06/01/20240.0%
Dorm Auth of the St of New York4.000% 07/01/20390.0%
Franklin Cnty Indus Dev Auth, PA5.000% 12/01/20380.0%
Orange Cnty Comnty Facs Dist5.000% 08/15/20350.0%
Director St Dept Business & Indus, NV5.000% 12/15/20380.0%
Dorm Auth of the St of New York5.000% 08/01/20330.0%
Washington St Hsg Fin Comm5.000% 07/01/20220.0%
California Muni Fin Auth5.000% 07/01/20290.0%
California Hlth Facs Fing Auth5.000% 11/15/20230.0%
Karnes Cnty Hosp Dist5.000% 02/01/20340.0%
Dorm Auth of the St of New York5.000% 08/01/20350.0%
Woodbury Hsg & Redev Auth5.000% 12/01/20290.0%
Puerto Rico Sales Tax Fincg Corp0.000% 07/01/20510.0%
Dorm Auth of the St of New York5.000% 05/01/20230.0%
New Jersey Hlthcare Facs Fing Auth5.250% 07/01/20210.0%
Woodbury Hsg & Redev Auth5.000% 12/01/20340.0%
Dorm Auth of the St of New York5.000% 05/01/20260.0%
Sartell, MN5.250% 09/01/20300.0%
California State Pub Wks Bd5.000% 11/01/20210.0%
New Mexico Hosp Equipment Loan Council5.000% 07/01/20320.0%
New Jersey Transp Tr Fnd Auth5.500% 12/15/20200.0%
Chicago Brd of Ed5.000% 12/01/20330.0%
Niagara Frontier Transp Auth, NY5.000% 04/01/20340.0%
Pennsylvania Econ Dev Fing Auth3.250% 08/01/20390.0%
Greater Wenatchee Regl Events Center Pub Facs Dist5.000% 09/01/20270.0%
Greater Wenatchee Regl Events Center Pub Facs Dist5.250% 09/01/20320.0%
Central Texas Regl Mobility Auth, TX5.750% 01/01/20200.0%
Harris Cnty Cultural Ed Facs Fin Corp., TX4.000% 01/01/20230.0%
Selma Indus Dev Bd, AL2.000% 11/01/20330.0%
Illinois Fin Auth5.000% 04/01/20200.0%
Dorm Auth of the St of New York4.000% 08/01/20380.0%
Michigan Strategic Fnd1.450% 09/01/20300.0%
Pinellas County Industrial Development Authority5.000% 07/01/20390.0%
Peninsula Town Center Community Development Author5.000% 09/01/20370.0%
Niagara Frontier Transp Auth, NY5.000% 04/01/20320.0%
Dorm Auth of the St of New York4.000% 07/01/20400.0%
Central Texas Regl Mobility Auth, TX5.000% 01/01/20300.0%
Village Comnty Dev Dist No 95.750% 05/01/20210.0%
New Hope Cultural Ed Fin Corp, TX5.000% 11/15/20310.0%
E-470 Pub Hwy Auth, CO5.000% 09/01/20200.0%
Valparaiso, IN5.875% 01/01/20240.0%
Decatur Hosp Auth5.250% 09/01/20290.0%
Puerto Rico5.250% 07/01/20240.0%
Alachua Cnty Hlth Facs Auth5.625% 11/15/20290.0%
California Statewide Comntys Dev Auth5.000% 05/15/20270.0%
Connecticut4.000% 06/15/20370.0%
Alaska International Arpts Sys5.000% 10/01/20240.0%
Tarrant Cnty Cult Ed Facs Fin Corp, TX3.875% 11/15/20220.0%
Southeastern Ohio Port Auth5.500% 12/01/20290.0%
Maryland Econ Dev Corp.5.125% 06/01/20200.0%
Vermont Econ Dev Auth, VT4.625% 04/01/20360.0%
New York Transp Dev Corp.5.000% 01/01/20230.0%
Miami World Center Comnty Dev Dist4.750% 11/01/20270.0%
Puerto Rico Elec Pwr Auth5.000% 07/01/20370.0%
Director St Dept Business & Indus, NV4.500% 12/15/20290.0%
California Statewide Comntys Dev Auth5.000% 06/01/20390.0%
Appling County Dev Auth - Georgia Power1.110% 09/01/20410.0%
Philadelphia Sch Dist, PA5.000% 09/01/20270.0%
Dorm Auth of the St of New York4.000% 08/01/20370.0%
Downtown Doral South Community Development Distric4.750% 12/15/20380.0%
Colorado Hlth Facs Auth5.125% 01/01/20300.0%
Philadelphia Sch Dist, PA5.000% 09/01/20280.0%
Maricopa Cnty Indus Dev Auth, AZ5.000% 09/01/20330.0%
Build NYC Resource Corp., NY5.000% 01/01/20350.0%
Dorm Auth of the St of New York5.000% 08/01/20340.0%
Philadelphia Sch Dist, PA5.000% 09/01/20260.0%
Peninsula Town Center Community Development Author4.500% 09/01/20280.0%
Dorm Auth of the St of New York5.000% 07/01/20270.0%
Village Comnty Dev Dist No 95.000% 05/01/20220.0%
Harris Cnty Cultural Ed Facs Fin Corp., TX5.000% 01/01/20330.0%
Alachua Cnty Hlth Facs Auth8.000% 10/01/20320.0%
Puerto Rico Elec Pwr Auth7.000% 07/01/20400.0%
Chicago Brd of Ed5.000% 12/01/20340.0%
Houston Cnty Cooperative Dist10.000% 05/01/20390.0%
New Jersey Econ Dev Auth5.000% 06/15/20290.0%
City of Oroville CA5.250% 04/01/20390.0%
Chicago Brd of Ed5.000% 12/01/20350.0%
Village Community Development District No 133.000% 05/01/20290.0%
Puerto Rico Hwy & Transp Auth5.000% 07/01/20330.0%
California Muni Fin Auth5.000% 10/01/20300.0%
Virginia Small Business Fing Auth5.000% 01/01/20480.0%
California Muni Fin Auth5.000% 10/01/20280.0%
Maryland Econ Dev Corp.5.000% 12/01/20160.0%
New York City Transitional Finance Auth - Future Tax1.050% 05/01/20340.0%
California Statewide Comntys Dev Auth5.000% 06/01/20340.0%
California Community Housing Agency5.000% 08/01/20490.0%
Niagara Frontier Transp Auth, NY5.000% 04/01/20300.0%
West Virginia Hosp Fin Auth6.000% 10/01/20200.0%
New Orleans, LA5.000% 06/01/20210.0%
Northern Tobacco Securitization Corp.4.625% 06/01/20230.0%
Houston Hgr Ed Fin Corp., TX4.000% 02/15/20220.0%
Niagara Frontier Transp Auth, NY5.000% 04/01/20310.0%
Moon Indus Dev Auth5.000% 07/01/20200.0%
Maryland Econ Dev Corp.5.125% 06/01/20200.0%
Puerto Rico Sales Tax Fincg Corp4.550% 07/01/20400.0%
Downtown Doral South Community Development Distric4.250% 12/15/20280.0%
Eaton Area Park & Recreation Dist5.500% 12/01/20300.0%
Houston Cnty Cooperative Dist12.500% 06/07/20130.0%
Dev Auth of Fulton Cnty, GA5.000% 10/01/20220.0%
Puerto Rico Sales Tax Fincg Corp0.000% 07/01/20240.0%
Maryland Econ Dev Corp.5.000% 06/01/20440.0%
Puerto Rico Sales Tax Fincg Corp4.536% 07/01/20530.0%
California Dept of Wtr Resources5.000% 12/01/20210.0%
Michagan St Strategic Fd Escrow8.375% 07/15/20330.0%

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 01/24/2020
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2019 $0.02343 $11.16
Daily Daily 11/30/2019 $0.02388 $11.15
Daily Daily 10/31/2019 $0.02361 $11.15
Daily Daily 09/30/2019 $0.02406 $11.17
Daily Daily 08/31/2019 $0.02359 $11.28
Daily Daily 07/31/2019 $0.02399 $11.13
Daily Daily 06/30/2019 $0.02501 $11.07
Daily Daily 05/31/2019 $0.02450 $11.04
Daily Daily 04/30/2019 $0.02501 $10.90
Daily Daily 03/31/2019 $0.02457 $10.89
Daily Daily 02/28/2019 $0.02691 $10.75
Daily Daily 01/31/2019 $0.02459 $10.70

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 01/31/2020
Daily Daily 02/29/2020
Daily Daily 03/31/2020
Daily Daily 04/30/2020
Daily Daily 05/31/2020
Daily Daily 06/30/2020
Daily Daily 07/31/2020
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/20/2016 12/21/2016 $0.0039 - $0.0039 $10.51
*

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. 

Upcoming Capital Gain Distribution

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
12/21/2020 12/22/2020

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 01/24/2020

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $11.57
$100,000 to $249,999 1.75% 1.50% $11.51
$250,000 to $499,999 1.25% 1.00% $11.45
$500,000 to $999,999 0.00% 1.00% $11.31
$1,000,000 to $5,000,000 0.00% 1.00% $11.31

Class A shares purchased without a sales charge (commissionable NAV) 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.

For Sales Charge Reductions and Waivers Click here.

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 may combine the value of Class A, B, C, F, and P shares of any eligible fund currently owned with a new purchase of Class A shares of any eligible fund in order to reduce the sales charge on the new purchase. Class I, R2, and R3 share holdings may not be combined for these purposes.

    To the extent that your financial intermediary is able to do so, the value of Class A, B, C, F, and P shares of eligible funds determined for the purpose of reducing the sales charge of a new purchase under the Rights of Accumulation will be calculated at the higher of: 1) the aggregate current maximum offering price of your existing Class A, B, C, F, and P shares of eligible funds or 2) the aggregate amount you invested in such shares (including dividend reinvestments but excluding capital appreciation) less any withdrawals. You should retain any information and account records necessary to substantiate the historical amounts you and any related purchasers have invested in eligible funds. You must inform a fund and/or your financial intermediary at the time of purchase if you believe your purchase qualifies for a reduced sales charge; you may be requested to provide documentation of your holdings in order to verify your eligibility. If you do not do so, you may not receive all sales charge reductions for which you are eligible.

  • Letter of Intention — In order to reduce your Class A front-end sales charge, a purchaser may combine purchases of Class A, B, C, F, and P shares of any eligible fund the purchaser intends to make over the next 13 months in determining the applicable sales charge. The 13-month Letter of Intention period commences on the day that the Letter of Intention is received by a fund, and the purchaser must tell a fund that later purchases are subject to the Letter of Intention. Purchases submitted prior to the date the Letter of Intention is received by a fund are not counted toward the sales charge reduction. Current holdings under Rights of Accumulation may be included in a Letter of Intention in order to reduce the sales charge for purchases during the 13-month period covered by the Letter of Intention. Shares purchased through reinvestment of dividends or distributions are not included. Class I, R2, and R3 share holdings may not be combined for these purposes. Class A shares valued at 5% of the amount of intended purchases are escrowed and may be redeemed to cover the additional sales charges payable if the intended purchases under the Letter of Intention is not completed. The Letter of Intention is neither a binding obligation on you to buy nor on a fund to sell any or all of an intended purchase amount.

Purchaser — A purchaser includes: 1) an individual; 2) an individual, his or her spouse, and children under the age of 21; 3) retirement and benefit plans, including a 401(k) plan, profit-sharing plan, money purchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, nonprofit organization, school district, or church to which employer contributions are made, as well as SIMPLE IRA plans and SEP-IRA plans; or 4) a trustee or other fiduciary purchasing shares for a single trust, estate, or single fiduciary account. An individual may include under item (1) his or her holdings in eligible funds as described above in IRAs, as a sole participant of a retirement and benefit plan sponsored by the individual's business, and as a participant in a 403(b) plan to which only pretax salary deferrals are made. An individual and his or her spouse may include under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit plans sponsored 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 single bank 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 12/31/2019

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
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Publish Date:11/03/2015
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IMPORTANT INFORMATION

 

+

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

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.

 

5

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

 

6

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

 

IMPORTANT INFORMATION

 

A Note about Risk: The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. 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. Shareholders should consult with their tax advisors for more specific information on taxation.

 

 

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, 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 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.   

 

Effective June 28, 2013, the Fund adopted the Barclays 1-15 Year Municipal Index as its primary benchmark.

The Bloomberg Barclays 1-15 Year Municipal Bond index is the 1-15 year component of the Municipal Bond index. The Bloomberg Barclays Municipal Bond Index is a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market. The index is a broad measure of the municipal bond market with maturities of at least one year.  To be included in the index, bonds must be rated investment-grade (Baa3/BBB- or higher) by at least two of the following ratings agencies: Moody's, S&P, Fitch. If only two of the three agencies rate the security, the lower rating is used to determine index eligibility. If only one of the three agencies rates a security, the rating must be investment-grade. They must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate, have a dated-date after December 31, 1990, and must be at least one year from their maturity date.

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.

 

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

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 Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

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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