LTNSX | National Tax Free Fund Class C | Lord Abbett

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National Tax Free Fund

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Daily price w/o sales charge as of 09/28/2023

$9.83

arrowDown$0.08

YTD Returns w/o sales charge as of 09/28/2023

-1.25%

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 National Tax Free Fund?

The Fund seeks to deliver a high level of income exempt from federal taxation by investing primarily in investment grade municipal bonds with select exposure to lower-rated municipal bonds.

Yield

30-Day Standardized Yield 1 as of 08/31/2023  

3.14%

Average Yield to Worst as of 08/31/2023

4.63%

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 08/31/2023

Total Net Assets
$3.75 B
Inception Date
07/15/1996
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.35%
Fund Net Expense Ratio
1.34%
Number of Holdings
723
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

Gross 1.35%

Net 1.34%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge 2.33% 1.14% -2.53% 0.38% 2.48% 3.38%
Lipper Category Avg. General & Insured Municipal Debt Funds 1.87% 1.16% -1.65% 0.99% 2.61% -
Bloomberg Municipal Bond Index 1.59% 1.70% -1.32% 1.52% 2.81% -
w/ sales charge 1.33% 1.14% -2.53% 0.38% 2.48% 3.38%

Fund Expense Ratio :

Gross 1.35%

Net 1.34%

Fund Expense Ratio :

Gross 1.35%

Net 1.34%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge 3.56% 2.73% -1.55% 0.69% 2.11% 3.44%
Lipper Category Avg. General & Insured Municipal Debt Funds 2.89% 2.48% -0.82% 1.28% 2.40% -
Bloomberg Municipal Bond Index 2.67% 3.19% -0.58% 1.84% 2.68% -
w/ sales charge 2.56% 2.73% -1.55% 0.69% 2.11% 3.44%

Fund Expense Ratio :

Gross 1.35%

Net 1.34%

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

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 08/31/2023 View Portfolio

Rating Assets
A-3/MIG3
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.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. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

INVESTMENT TEAM

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

36 Years of Industry Experience

Gregory M. Shuman
Gregory M. Shuman, CFA

Partner, Portfolio Manager

13 Years of Industry Experience

Supported By 16 Investment Professionals with 13 Years Avg. Industry Experience

Contact a Representative

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Performance

Performance

Average Yield to Worst as of 08/31/2023

4.63%

30-Day Standardized Yield 1 as of 08/31/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 3.14% 3.14%

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

Fund Expense Ratio :

Gross 1.35%

Net 1.34%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge 2.33% 1.14% -2.53% 0.38% 2.48% 3.38%
Lipper Category Avg. General & Insured Municipal Debt Funds 1.87% 1.16% -1.65% 0.99% 2.61% -
Bloomberg Municipal Bond Index 1.59% 1.70% -1.32% 1.52% 2.81% -
w/ sales charge 1.33% 1.14% -2.53% 0.38% 2.48% 3.38%

Fund Expense Ratio :

Gross 1.35%

Net 1.34%

Fund Expense Ratio :

Gross 1.35%

Net 1.34%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge 3.56% 2.73% -1.55% 0.69% 2.11% 3.44%
Lipper Category Avg. General & Insured Municipal Debt Funds 2.89% 2.48% -0.82% 1.28% 2.40% -
Bloomberg Municipal Bond Index 2.67% 3.19% -0.58% 1.84% 2.68% -
w/ sales charge 2.56% 2.73% -1.55% 0.69% 2.11% 3.44%

Fund Expense Ratio :

Gross 1.35%

Net 1.34%

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 Municipal Bond Index
2022 -14.46% -8.53%
2021 2.88% 1.52%
2020 4.20% 5.21%
2019 8.60% 7.54%
2018 0.19% 1.28%
2017 6.40% 5.45%
2016 -0.35% 0.25%
2015 2.64% 3.30%
2014 12.22% 9.05%
2013 -6.71% -2.55%
2012 13.02% -
2011 10.35% -
2010 1.49% -
2009 23.82% -
2008 -15.90% -
2007 -2.06% -
2006 3.98% -
2005 3.01% -
2004 3.15% -
2003 4.01% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.94% 0.60% - - -1.25%
2022 -8.30% -5.98% -4.55% 3.93% -14.46%
2021 0.00% 2.75% -0.88% 1.02% 2.88%
2020 -3.45% 3.07% 1.39% 3.26% 4.20%
2019 3.31% 2.67% 1.97% 0.41% 8.60%
2018 -1.27% 1.11% -0.41% 0.79% 0.19%
2017 1.71% 1.94% 1.52% 1.09% 6.40%
2016 1.89% 3.34% -0.20% -5.17% -0.35%
2015 1.00% -1.37% 1.28% 1.74% 2.64%
2014 4.56% 3.43% 2.03% 1.70% 12.22%
2013 0.42% -4.88% -2.18% -0.16% -6.71%
2012 4.60% 2.58% 3.62% 1.66% 13.02%
2011 -0.26% 4.85% 3.24% 2.21% 10.35%
2010 2.07% 1.39% 4.43% -6.10% 1.49%
2009 7.15% 5.71% 10.74% -1.28% 23.82%
2008 -2.11% 0.40% -6.31% -8.66% -15.90%
2007 0.46% -0.73% -0.62% -1.18% -2.06%
2006 0.09% -0.29% 3.02% 1.14% 3.98%
2005 0.02% 3.09% -0.54% 0.44% 3.01%
2004 1.54% -3.39% 3.76% 1.34% 3.15%
2003 0.77% 2.70% -1.00% 1.51% 4.01%
2002 0.84% 2.86% 4.99% -0.65% 8.18%
2001 1.35% 0.26% 2.72% -0.87% 3.47%
2000 3.18% 0.96% 1.94% 5.44% 11.97%
1999 0.85% -2.77% -2.48% -1.84% -6.14%
1998 0.87% 1.63% 3.09% -0.08% 5.60%
1997 -0.65% 3.38% 3.39% 2.95% 9.31%
1996 - - - 2.29% 5.04%

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

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

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

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.

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

Credit Quality Distribution as of 08/31/2023

Rating Assets
A-3/MIG3
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.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. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 6/30/2023

  • We continue to overweight some of the more volatile segments of the market, such as bonds subject to AMT, Industrial Development issuers, lower quality investment grade bonds and non-investment grade credits. While these parts of the market underperformed in last year’s sell off, many have performed well in the first half of the year. We believe as mutual fund flows continue to recover in the second half of 2023, these areas of the market may exhibit strong performance.
  • We remain overweight the lower quality tiers of investment grade, which show attractive relative value, and maintain a modest exposure to non-investment grade bonds relative to the all-investment grade benchmark. We believe this will help drive outperformance over the long term.
  • Over the quarter, we trimmed our exposure to Prepaid Gas bonds based on relative value opportunities in other areas of the market. However, we remain overweight Prepaid Gas bonds relative to the benchmark given their attractive yields, shorter maturities and strong liquidity characteristics.
  • We have continued to add to corporate-backed bonds within the Industrial Development sector and remain overweight relative to the benchmark. We believe many of these issuers, particularly those tied to commodities, are in a strong fundamental position.
  • The Hospital sector faced challenges in 2022 due to increased supply and labor costs, coupled with mounting investment losses. Despite this pressure, we consider the market's reaction to the sector's financial downturn in certain segments to have been overly drastic. Going forward, we expect an improvement in the Hospital sector’s prospects due to continued revenue growth and slowing expenses. According to Kaufman Hall, hospitals’ operating margins turned positive in May and expenses fell while outpatient volumes rose.  We continue to see opportunity in the sector but believe security selection will remain important given the dispersion between strong and weak performers.

Portfolio Details as of 08/31/2023

Total Net Assets
$3.75 B
Average Coupon
4.6%
Average Effective Duration
7.91 Years
Average Effective Maturity
19.0 Years
Number of Issues
723
Average Yield to Worst
4.63%

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 Effective 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% 05/23/2055 0.9%
Chicago Transit Authority Sales Tax Receipts Fund 5.250% 11/23/2049 0.9%
Pennsylvania Economic Development Financing Author 6.000% 06/19/2061 0.9%
California Community Choice Financing Authority 5.250% 12/23/2053 0.8%
Iowa Finance Authority 5.000% 11/23/2050 0.7%
New Jersey Transportation Trust Fund Authority 4.000% 06/08/2045 0.7%
Main Street Natural Gas Inc 4.000% 10/31/2027 0.6%
Iowa Finance Authority 5.000% 11/23/2050 0.6%
Pefa Inc 5.000% 08/24/2049 0.6%
New York Liberty Development Corp 3.000% 09/09/2043 0.6%
% of Total Assets 7.3%

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.

Holding Coupon Maturity Assets
Buckeye Tobacco Settlement Financing Authority5.000% 05/23/20550.9%
California Community Choice Financing Authority5.250% 12/23/20530.8%
Pennsylvania Economic Development Financing Author6.000% 06/19/20610.7%
Iowa Finance Authority5.000% 11/23/20500.7%
New Jersey Transportation Trust Fund Authority4.000% 06/08/20450.7%
Main Street Natural Gas Inc4.000% 10/31/20270.6%
New York Transportation Development Corp5.250% 12/24/20490.6%
Iowa Finance Authority5.000% 11/23/20500.6%
Duluth Economic Development Authority5.250% 02/05/20580.6%
Chicago Transit Authority Sales Tax Receipts Fund5.250% 11/23/20490.6%
New York Liberty Development Corp3.000% 09/09/20430.6%
City Of New York Ny4.480% 08/01/20230.6%
New York Transportation Development Corp5.000% 09/25/20400.6%
City Of Chicago Il6.000% 12/27/20370.5%
Chicago O'Hare International Airport5.000% 12/25/20470.5%
Colorado Health Facilities Authority4.000% 11/09/20430.5%
Tender Option Bond Trust Receipts/Certificates-5.200% 04/28/20320.5%
Tennessee Energy Acquisition Corp5.000% 04/22/20530.5%
Black Belt Energy Gas District4.000% 11/22/20520.5%
Illinois Finance Authority5.250% 05/06/20540.5%
Pefa Inc5.000% 08/24/20490.5%
Maryland Health & Higher Educational Facilities Au5.500% 12/25/20450.4%
New York City Transitional Finance Authority Futur5.000% 01/26/20440.4%
San Diego County Regional Airport Authority5.000% 06/23/20510.4%
Foothill-Eastern Transportation Corridor Agency4.000% 01/09/20430.4%
Metropolitan Pier & Exposition Authority4.000% 06/07/20500.4%
Connecticut State Health & Educational Facilities5.250% 06/28/20330.4%
Illinois Finance Authority5.000% 08/06/20520.4%
California Pollution Control Financing Authority5.000% 11/15/20450.4%
Kentucky Public Energy Authority4.000% 07/23/20520.4%
New Jersey Transportation Trust Fund Authority5.000% 06/08/20460.4%
Public Finance Authority5.000% 06/25/20420.4%
Port Authority Of New York & New Jersey5.000% 01/07/20520.4%
New York City Industrial Development Agency3.000% 12/25/20450.4%
North Carolina Turnpike Authority4.000% 12/27/20360.4%
Main Street Natural Gas Inc4.000% 08/23/20520.4%
Main Street Natural Gas Inc5.000% 11/22/20520.4%
Rhode Island Health And Educational Building Corp5.000% 10/23/20530.4%
City Of Chicago Il5.500% 12/24/20480.4%
Chicago Board Of Education4.000% 11/24/20470.4%
Riverside County Redevelopment Successor Agency8.500% 09/30/20260.4%
Chicago O'Hare International Airport4.000% 12/26/20430.3%
Great Lakes Water Authority Sewage Disposal System5.500% 06/22/20520.3%
New York Transportation Development Corp5.000% 12/28/20320.3%
Maryland Economic Development Corp5.250% 06/21/20550.3%
County Of Trimble Ky3.750% 05/31/20270.3%
Chicago Transit Authority Sales Tax Receipts Fund4.000% 11/23/20500.3%
Tender Option Bond Trust Receipts/Certificates-5.390% 04/28/20330.3%
State Of Illinois5.500% 04/24/20470.3%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.750% 06/22/20530.3%
New Jersey Transportation Trust Fund Authority0.000% 12/12/20290.3%
New Jersey Economic Development Authority5.000% 10/23/20520.3%
State Of Illinois5.500% 02/22/20470.3%
San Leandro Unified School District5.250% 07/24/20480.3%
Tender Option Bond Trust Receipts/Certificates4.586% 06/28/20320.3%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/04/20620.3%
Tender Option Bond Trust Receipts/Certificates-5.200% 06/29/20300.3%
Southeast Energy Authority A Cooperative District4.000% 11/23/20510.3%
Black Belt Energy Gas District4.000% 09/22/20520.3%
New York State Thruway Authority3.000% 03/08/20480.3%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/07/20520.3%
Chandler Industrial Development Authority5.000% 08/23/20520.3%
Tender Option Bond Trust Receipts/Certificates4.340% 05/13/20300.3%
New York Transportation Development Corp4.000% 06/25/20410.3%
Louisiana Public Facilities Authority4.000% 03/24/20500.3%
Maricopa County Pollution Control Corp2.400% 05/28/20350.3%
Main Street Natural Gas Inc4.000% 06/22/20520.3%
Tennessee Energy Acquisition Corp5.625% 08/30/20260.3%
Louisiana Stadium & Exposition District5.250% 06/22/20530.3%
Virginia College Building Authority4.000% 01/26/20430.3%
City Of Salt Lake City Ut Airport Revenue5.000% 06/26/20360.3%
Maryland State Transportation Authority5.000% 06/23/20510.3%
Pennsylvania Economic Development Financing Author5.250% 06/21/20530.3%
Commonwealth Of Pennsylvania4.000% 09/12/20300.3%
New Hampshire Business Finance Authority4.000% 10/15/20360.3%
City Of Baltimore Md5.000% 06/24/20460.3%
New Mexico Municipal Energy Acquisition Authority5.000% 10/27/20390.3%
Public Finance Authority4.000% 09/22/20510.3%
Arkansas Development Finance Authority4.500% 08/24/20490.3%
County Of Miami-Dade Fl Aviation Revenue5.000% 09/27/20350.3%
County Of Miami-Dade Fl Aviation Revenue5.000% 09/27/20340.3%
Roanoke Economic Development Authority3.000% 06/24/20450.3%
City Of Colorado Springs Co Utilities System Reven4.000% 11/08/20460.3%
Matagorda County Navigation District No 12.600% 10/29/20290.3%
Washington Suburban Sanitary Commission4.000% 05/25/20470.3%
Black Belt Energy Gas District5.500% 05/24/20490.3%
Connecticut State Health & Educational Facilities4.000% 06/25/20410.3%
Long Beach Bond Finance Authority5.500% 11/10/20370.3%
County Of Montgomery Oh4.000% 11/09/20420.3%
New York City Transitional Finance Authority Futur4.000% 01/24/20510.3%
Metropolitan Transportation Authority5.250% 11/08/20440.3%
City Of Philadelphia Pa5.000% 07/27/20360.3%
Tobacco Settlement Financing Corp5.250% 05/25/20460.3%
Foothill-Eastern Transportation Corridor Agency4.000% 01/08/20460.3%
Washington State Convention Center Public Faciliti4.000% 06/28/20310.3%
City Of Los Angeles Department Of Airports5.000% 05/10/20390.3%
Chicago O'Hare International Airport5.000% 12/25/20460.3%
City Of Chicago Il4.000% 12/29/20310.3%
New York City Industrial Development Agency5.000% 06/29/20280.3%
Hudson Yards Infrastructure Corp4.000% 02/09/20440.2%
Pennsylvania Turnpike Commission5.000% 05/29/20290.2%
California Health Facilities Financing Authority3.000% 08/07/20510.2%
Main Street Natural Gas Inc5.000% 05/23/20530.2%
County Of Cuyahoga Oh5.500% 02/07/20520.2%
Montgomery County Industrial Development Authority4.100% 03/23/20530.2%
Public Finance Authority5.000% 09/22/20520.2%
City Of San Antonio Tx Electric & Gas Systems Reve5.500% 01/24/20500.2%
State Of Illinois5.500% 04/26/20390.2%
Irvine Facilities Financing Authority5.250% 08/23/20530.2%
Long Beach Bond Finance Authority5.014% 11/14/20270.2%
City Of New York Ny4.180% 08/01/20230.2%
Tender Option Bond Trust Receipts/Certificates6.668% 08/12/20330.2%
Oklahoma Development Finance Authority5.500% 08/06/20520.2%
Onondaga County Trust For Cultural Resources5.000% 11/25/20430.2%
New York City Transitional Finance Authority Futur5.500% 10/25/20450.2%
New York Liberty Development Corp3.000% 11/07/20510.2%
University Of Connecticut5.250% 11/08/20470.2%
University Of California3.000% 05/07/20510.2%
State Of California5.250% 09/23/20500.2%
Black Belt Energy Gas District5.000% 04/22/20530.2%
California Municipal Finance Authority4.000% 01/25/20510.2%
New York State Dormitory Authority5.000% 04/23/20520.2%
Omaha Public Power District4.000% 01/25/20460.2%
Washington & Multnomah Counties School District No5.000% 06/11/20360.2%
California Municipal Finance Authority4.000% 12/24/20470.2%
City Of San Antonio Tx Airport System5.000% 06/30/20250.2%
South Carolina Jobs-Economic Development Authority5.000% 11/24/20460.2%
Illinois Finance Authority5.250% 05/08/20480.2%
Commonwealth Of Puerto Rico4.000% 06/24/20460.2%
Palomar Health5.000% 10/27/20390.2%
County Of Sacramento Ca Airport System Revenue5.000% 06/25/20410.2%
County Of Jefferson Al Sewer Revenue6.500% 09/22/20530.2%
New Jersey Transportation Trust Fund Authority0.000% 12/12/20280.2%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/05/20580.2%
Chicago Board Of Education Dedicated Capital Impro5.750% 03/25/20480.2%
Metropolitan Pier & Exposition Authority0.000% 12/10/20370.2%
State Of Florida Department Of Transportation Turn3.000% 06/23/20510.2%
City & County Of Denver Co Airport System Revenue5.250% 11/09/20430.2%
Clifton Higher Education Finance Corp6.125% 08/07/20480.2%
Tobacco Securitization Authority Of Southern Calif5.000% 05/25/20480.2%
New York State Dormitory Authority5.000% 07/07/20500.2%
State Of California5.250% 07/28/20320.2%
Texas Water Development Board4.000% 10/10/20370.2%
Black Belt Energy Gas District5.250% 01/23/20530.2%
Metropolitan Pier & Exposition Authority0.000% 12/12/20300.2%
City Of San Francisco Ca Public Utilities Commissi5.250% 10/23/20520.2%
Parish Of St John The Baptist La2.100% 06/30/20240.2%
Pennsylvania Housing Finance Agency5.000% 09/23/20500.2%
City Of St Louis Mo Airport Revenue5.000% 06/24/20470.2%
Parish Of St John The Baptist La4.050% 05/27/20370.2%
Nystrn 5.25% 01/565.250% -0.2%
Ohio Air Quality Development Authority5.000% 06/23/20490.2%
New York State Dormitory Authority5.000% 04/26/20370.2%
City Of New York Ny4.180% 08/01/20230.2%
New Jersey Economic Development Authority5.625% 12/24/20510.2%
New York State Urban Development Corp3.000% 03/08/20480.2%
State Of Connecticut Special Tax Revenue5.000% 12/27/20360.2%
City Of New York Ny5.250% 08/26/20430.2%
State Of Illinois4.000% 09/26/20390.2%
Montebello Unified School District5.500% 07/25/20470.2%
City Of Charlotte Nc Airport Revenue4.000% 06/24/20470.2%
Indianapolis Local Public Improvement Bond Bank5.000% 01/31/20240.2%
California Municipal Finance Authority5.000% 01/25/20470.2%
University Of North Carolina At Wilmington5.000% 05/31/20250.2%
Maricopa County Pollution Control Corp3.600% 01/27/20400.2%
Maryland Health & Higher Educational Facilities Au5.000% 06/30/20270.2%
Port Authority Of New York & New Jersey5.000% 11/09/20410.2%
City Of Los Angeles Department Of Airports5.500% 05/08/20470.2%
Metropolitan Nashville Airport Authority/The5.500% 06/22/20520.2%
State Of Connecticut3.000% 01/11/20340.2%
Tobacco Settlement Financing Corp/Va5.000% 05/25/20470.2%
Virginia Small Business Financing Authority5.000% 06/26/20360.2%
Washington St Convention Cente5.000% -0.2%
Black Belt Energy Gas District5.500% 10/23/20530.2%
San Francisco City & County Airport Comm-San Franc5.250% 04/27/20330.2%
Triborough Bridge & Tunnel Authority5.000% 05/07/20510.2%
Oregon State Facilities Authority5.000% 09/25/20450.2%
Port Authority Of New York & New Jersey5.000% 07/11/20350.2%
California Statewide Communities Development Autho5.500% 11/22/20540.2%
City Of Philadelphia Pa Water & Wastewater Revenue5.250% 09/22/20520.2%
Tender Option Bond Trust Receipts/Certificates4.563% 09/28/20330.2%
New Jersey Transportation Trust Fund Authority5.250% 06/09/20410.2%
Port Of Portland Or Airport Revenue5.500% 06/23/20480.2%
Louisiana Local Government Environmental Facilitie2.500% 03/28/20360.2%
New Jersey Economic Development Authority5.250% 09/12/20290.2%
New Jersey Health Care Facilities Financing Author4.000% 06/23/20480.2%
State Of Illinois5.500% 09/26/20390.2%
California Health Facilities Financing Authority4.000% 11/08/20450.2%
Sumter County Industrial Development Authority/Al6.000% 07/06/20520.2%
Virginia Small Business Financing Authority5.000% 12/29/20310.2%
County Of Montgomery Oh4.000% 07/24/20510.2%
Southwest Local School District/Hamilton County4.000% 01/07/20550.2%
Berks County Municipal Authority/The5.000% 10/25/20440.2%
Tender Option Bond Trust Receipts/Certificates4.865% 05/30/20310.2%
City Of Reno Nv4.000% 05/25/20460.2%
Tender Option Bond Trust Receipts/Certificates-5.100% 06/29/20310.2%
Kentucky Bond Development Corp4.000% 08/24/20480.2%
Maryland State Transportation Authority Passenger3.000% 05/28/20360.2%
Tennergy Corp/Tn5.500% 09/22/20530.2%
City Of Chicago Il5.000% 12/30/20250.2%
Ohio Air Quality Development Authority2.100% 03/30/20280.2%
State Of Illinois5.000% 12/28/20340.2%
County Of Miami-Dade Fl Aviation Revenue5.000% 09/24/20440.2%
County Of Anne Arundel Md3.000% 09/24/20440.2%
County Of Jefferson Al Sewer Revenue0.000% 09/24/20460.2%
New Jersey Economic Development Authority5.000% 06/08/20470.2%
Palomar Health5.000% 10/27/20360.2%
New York Transportation Development Corp5.000% 11/26/20390.2%
Illinois Finance Authority6.125% 09/01/20230.2%
Foothill-Eastern Transportation Corridor Agency3.500% 01/06/20530.2%
Greater Orlando Aviation Authority4.000% 09/23/20490.2%
Metropolitan Transportation Authority4.000% 11/07/20500.2%
Private Colleges & Universities Authority4.000% 03/26/20440.2%
Black Belt Energy Gas District4.000% 06/22/20520.2%
Metropolitan Government Nashville & Davidson Count5.250% 09/21/20580.2%
New York City Municipal Water Finance Authority4.000% 06/07/20510.2%
St Louis County Reorganized School District No R-63.350% 01/28/20370.2%
Central Texas Turnpike System5.000% 08/11/20330.2%
Nebraska Educational Health Cultural & Social Serv4.000% 12/24/20480.2%
New York State Urban Development Corp3.000% 03/07/20500.2%
State Of Illinois5.500% 02/23/20420.2%
County Of Carroll Ky2.125% 09/27/20340.2%
New Jersey Economic Development Authority5.000% 10/25/20440.2%
Montana Facility Finance Authority5.000% 06/23/20480.2%
St Louis County Reorganized School District No R-63.400% 01/28/20380.2%
Metropolitan Pier & Exposition Authority0.000% 12/10/20360.2%
New York City Transitional Finance Authority Futur4.000% 10/26/20420.2%
Allegheny County Airport Authority5.000% 12/23/20550.1%
City Of Compton Ca Water Revenue6.000% 07/27/20390.1%
New York State Dormitory Authority4.000% 03/08/20470.1%
New York State Thruway Authority3.000% 03/07/20490.1%
Maryland Economic Development Corp6.000% 06/21/20580.1%
City Of Minneapolis Mn5.000% 11/07/20490.1%
New Jersey Educational Facilities Authority4.000% 08/29/20290.1%
Columbia Industrial Development Board4.600% 08/01/20230.1%
County Of Pasco Fl5.750% 08/23/20540.1%
Fhlmc Multifamily Vrd Certificates4.600% 05/31/20240.1%
Port Authority Of New York & New Jersey5.000% 07/10/20380.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.329% 06/25/20400.1%
County Of Cuyahoga Oh5.500% 02/05/20570.1%
New Jersey Economic Development Authority5.000% 06/09/20410.1%
School District Of Philadelphia/The4.000% 08/27/20390.1%
Tuscaloosa City Board Of Education5.000% 07/25/20460.1%
Golden State Tobacco Securitization Corp0.000% 05/20/20660.1%
New Hampshire Business Finance Authority4.375% 09/15/20360.1%
New Jersey Transportation Trust Fund Authority5.000% 06/08/20480.1%
Southeast Energy Authority A Cooperative District5.500% 12/23/20520.1%
County Of Jefferson Al Sewer Revenue6.000% 09/25/20420.1%
Metropolitan Pier & Exposition Authority5.000% 06/07/20500.1%
New Jersey Economic Development Authority5.000% 06/09/20420.1%
New Jersey Transportation Trust Fund Authority5.000% 06/08/20450.1%
San Francisco Bay Area Rapid Transit District Sale3.000% 06/24/20440.1%
South Carolina Jobs-Economic Development Authority4.000% 03/31/20260.1%
Commonwealth Of Puerto Rico5.375% 06/29/20250.1%
Indiana Finance Authority5.250% 01/29/20320.1%
Massachusetts Development Finance Agency5.000% 06/27/20350.1%
Black Belt Energy Gas District4.000% 09/22/20520.1%
Miami-Dade County Educational Facilities Authority5.000% 03/23/20530.1%
Tsasc Inc/Ny5.000% 05/25/20480.1%
California Municipal Finance Authority5.000% 12/26/20380.1%
Kentucky Municipal Power Agency5.000% 08/31/20260.1%
Kentucky Municipal Power Agency5.000% 08/31/20260.1%
Lee Memorial Health System4.000% 03/24/20490.1%
Metropolitan Nashville Airport Authority/The5.000% 06/23/20490.1%
Mission Economic Development Corp4.625% 09/28/20310.1%
North Texas Tollway Authority5.000% 12/25/20470.1%
Ohio State University/The4.000% 11/23/20480.1%
South Carolina Ports Authority5.000% 06/24/20440.1%
Tender Option Bond Trust Receipts/Certificates-5.270% 06/28/20320.1%
California Educational Facilities Authority5.000% 03/25/20450.1%
Duluth Economic Development Authority5.000% 02/06/20530.1%
Massachusetts Development Finance Agency5.000% 09/23/20480.1%
New Jersey Transportation Trust Fund Authority5.000% 06/11/20330.1%
Port Of Portland Or Airport Revenue5.000% 06/23/20490.1%
State Of California4.000% 08/27/20370.1%
Louisiana Stadium & Exposition District5.000% 06/23/20480.1%
New York City Municipal Water Finance Authority5.250% 06/08/20470.1%
Canaveral Port Authority5.000% 05/30/20280.1%
Central Florida Expressway Authority4.000% 06/27/20350.1%
City Of Chicago Il5.500% 12/26/20410.1%
Duluth Economic Development Authority5.250% 06/07/20520.1%
Massachusetts Development Finance Agency5.000% 11/01/20230.1%
Municipal Electric Authority Of Georgia5.000% 12/25/20470.1%
New York State Dormitory Authority5.000% 06/25/20400.1%
Southern California Public Power Authority5.000% 10/28/20330.1%
State Of Hawaii Airports System Revenue5.000% 06/25/20410.1%
Chautauqua County Capital Resource Corp4.250% 04/01/20280.1%
City Of Farmington Nm3.900% 05/27/20400.1%
Inland Valley Development Agency5.250% 08/27/20370.1%
King County Public Hospital District No 45.000% 11/26/20380.1%
Massachusetts Educational Financing Authority4.125% 06/24/20460.1%
New York Transportation Development Corp4.000% 06/30/20240.1%
Public Finance Authority5.000% 01/01/20240.1%
New Hampshire Business Finance Authority4.000% 11/29/20280.1%
New York State Urban Development Corp4.000% 03/09/20420.1%
Tobacco Settlement Financing Corp5.000% 05/29/20310.1%
Iowa Finance Authority4.750% 07/26/20420.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.329% 06/25/20400.1%
University Of Illinois4.000% 03/28/20380.1%
Forney Independent School District3.000% 02/09/20450.1%
Metropolitan Transportation Authority5.000% 11/07/20500.1%
Michigan State Housing Development Authority3.600% 09/20/20600.1%
New York Power Authority4.000% 11/07/20500.1%
City Of Baltimore Md5.000% 06/26/20390.1%
Ohio Air Quality Development Authority2.100% 06/29/20280.1%
Canaveral Port Authority5.000% 05/30/20280.1%
Martin County Health Facilities Authority4.000% 12/25/20450.1%
San Diego County Regional Airport Authority5.000% 06/24/20440.1%
City Of Los Angeles Department Of Airports4.000% 05/07/20490.1%
Savannah Hospital Authority4.000% 06/25/20430.1%
State Of Illinois5.000% 04/26/20380.1%
Arkansas Development Finance Authority5.700% 04/22/20530.1%
New Jersey Economic Development Authority5.000% 06/09/20430.1%
Vermont Educational & Health Buildings Financing A5.000% 11/27/20350.1%
Central Texas Regional Mobility Authority5.000% 12/25/20440.1%
Foothill-Eastern Transportation Corridor Agency3.950% 01/06/20530.1%
Main Street Natural Gas Inc5.000% 05/13/20270.1%
State Of Illinois5.500% 04/28/20300.1%
City Of Chicago Il4.000% 12/28/20340.1%
City Of Reno Nv4.000% 05/26/20430.1%
Indiana Finance Authority5.375% 05/21/20640.1%
New York City Transitional Finance Authority Futur4.000% 01/26/20410.1%
San Diego Public Facilities Financing Authority4.000% 10/07/20480.1%
Tuscaloosa County Industrial Development Authority5.250% 04/25/20440.1%
California Statewide Communities Development Autho5.250% 11/25/20430.1%
City Of Philadelphia Pa Airport Revenue5.000% 06/25/20420.1%
Commonwealth Of Puerto Rico4.000% 06/26/20370.1%
County Of Miami-Dade Fl Aviation Revenue5.000% 09/28/20280.1%
Florida Development Finance Corp6.125% 06/28/20320.1%
Iowa Finance Authority4.000% 11/23/20500.1%
Metropolitan Pier & Exposition Authority5.500% 06/06/20530.1%
New Jersey Transportation Trust Fund Authority5.000% 12/11/20350.1%
State Of Connecticut Special Tax Revenue5.000% 12/27/20370.1%
Virginia Small Business Financing Authority4.000% 12/27/20390.1%
New Hampshire Business Finance Authority4.875% 10/26/20420.1%
Vermont Educational & Health Buildings Financing A4.000% 10/24/20500.1%
Port Authority Of New York & New Jersey5.000% 07/10/20360.1%
San Francisco Bay Area Rapid Transit District3.000% 07/26/20420.1%
State Of Hawaii Airports System Revenue4.000% 06/27/20350.1%
Metropolitan Transportation Authority5.000% 11/11/20350.1%
Niagara Area Development Corp4.750% 10/26/20420.1%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit4.000% 06/25/20420.1%
Commonwealth Of Pennsylvania4.000% 02/24/20370.1%
County Of Luzerne Pa5.000% 11/12/20290.1%
Metropolitan Washington Airports Authority Aviatio4.000% 09/26/20390.1%
New York State Dormitory Authority4.000% 07/27/20380.1%
New York Transportation Development Corp5.000% 12/28/20330.1%
California Statewide Communities Development Autho4.000% 06/23/20480.1%
Virginia Small Business Financing Authority4.000% 12/27/20370.1%
Orange County Health Facilities Authority5.000% 09/22/20530.1%
San Diego County Regional Airport Authority4.000% 06/24/20460.1%
Michigan State Hospital Finance Authority5.000% 11/08/20470.1%
Genesee County Funding Corp/The5.250% 11/22/20520.1%
San Francisco City & County Airport Comm-San Franc5.250% 04/25/20420.1%
Main Street Natural Gas Inc4.000% 02/21/20500.1%
New York Transportation Development Corp5.000% 12/29/20290.1%
Omaha Public Power District Nebraska City Station5.250% 01/26/20420.1%
Pennsylvania Economic Development Financing Author3.250% 07/27/20390.1%
Puerto Rico Highway & Transportation Authority5.000% 06/20/20620.1%
Black Belt Energy Gas District4.000% 11/23/20490.1%
Port Authority Of New York & New Jersey5.250% 10/06/20550.1%
Build Nyc Resource Corp5.250% 06/22/20520.1%
Casino Reinvestment Development Authority Inc5.250% 10/25/20440.1%
City Of Atlanta Ga Airport Passenger Facility Char5.000% 12/29/20300.1%
City Of Seneca Ks5.000% 05/31/20250.1%
Greenville Health System5.000% 04/27/20340.1%
Montana Facility Finance Authority5.000% 06/25/20430.1%
City & County Of Denver Co Airport System Revenue4.000% 11/23/20480.1%
City Of Waltham Ma2.000% 10/12/20350.1%
New Jersey Economic Development Authority3.750% 10/28/20340.1%
New York State Dormitory Authority4.000% 06/24/20470.1%
Washington Health Care Facilities Authority5.000% 06/27/20380.1%
City Of Waltham Ma2.000% 10/11/20360.1%
New York State Dormitory Authority3.000% 06/24/20450.1%
Pennsylvania Economic Development Financing Author3.000% 10/10/20380.1%
State Of California5.000% 07/27/20380.1%
Union County Utilities Authority4.750% 11/28/20310.1%
Cmfa Special Finance Agency4.000% 11/24/20450.1%
County Of Jefferson Al Sewer Revenue0.000% 09/29/20270.1%
Massachusetts Development Finance Agency4.000% 06/25/20410.1%
Massachusetts Development Finance Agency5.000% 06/28/20320.1%
New York Liberty Development Corp3.125% 09/07/20500.1%
New York State Dormitory Authority3.000% 03/07/20500.1%
Salt Verde Financial Corp5.250% 11/29/20270.1%
Alameda Corridor Transportation Authority5.000% 09/30/20260.1%
City Of New York Ny3.000% 02/22/20510.1%
E-470 Public Highway Authority0.000% 08/27/20370.1%
Michigan Finance Authority5.000% 05/24/20490.1%
County Of Cook Il Sales Tax Revenue4.000% 11/11/20340.1%
Main Street Natural Gas Inc5.000% 05/10/20380.1%
Maricopa County Pollution Control Corp3.600% 03/27/20400.1%
New Jersey Transportation Trust Fund Authority5.000% 06/11/20350.1%
State Of Connecticut Special Tax Revenue5.000% 07/28/20340.1%
Montgomery County Higher Education And Health Auth4.000% 08/24/20490.1%
New York State Dormitory Authority5.000% 07/09/20420.1%
New Jersey Transportation Trust Fund Authority5.000% 12/10/20360.1%
South Broward Hospital District3.000% 04/24/20510.1%
West Pace Cooperative District0.000% 04/27/20390.1%
County Of Jefferson Al Sewer Revenue5.500% 09/22/20530.1%
Iowa Higher Education Loan Authority5.000% 09/29/20300.1%
Michigan Finance Authority4.000% 05/24/20490.1%
Tobacco Securitization Authority Of Southern Calif5.000% 05/25/20480.1%
City Of Whiting In3.000% 10/25/20510.1%
Metropolitan Pier & Exposition Authority4.000% 06/07/20520.1%
State Of Illinois5.000% 12/26/20400.1%
New Jersey Economic Development Authority6.000% 10/01/20230.1%
Port Authority Of New York & New Jersey5.000% 07/10/20370.1%
City Of Chicago Il Waterworks Revenue5.000% 10/27/20390.1%
City Of Los Angeles Department Of Airports4.000% 05/09/20410.1%
Cumberland County Municipal Authority3.000% 10/27/20380.1%
Illinois Finance Authority4.000% 08/27/20390.1%
Illinois Sports Facilities Authority/The5.000% 06/13/20270.1%
Parish Of St James La6.350% 06/25/20400.1%
Parish Of St James La6.100% 11/25/20400.1%
Central Plains Energy Project5.000% 08/26/20420.1%
Chicago O'Hare International Airport5.000% 06/23/20480.1%
City Of Philadelphia Pa5.000% 07/27/20370.1%
Foothill-Eastern Transportation Corridor Agency0.000% 01/11/20330.1%
Tobacco Settlement Financing Corp5.000% 05/25/20460.1%
City Of Philadelphia Pa Water & Wastewater Revenue5.000% 06/28/20300.1%
Pennsylvania Turnpike Commission4.000% 11/26/20380.1%
Louisville/Jefferson County Metropolitan Governmen5.000% 09/25/20410.1%
Maryland Health & Higher Educational Facilities Au5.000% 12/30/20310.1%
California Statewide Communities Development Autho5.500% 11/21/20580.1%
Love Field Airport Modernization Corp5.000% 10/29/20280.1%
New York Transportation Development Corp5.000% 11/25/20420.1%
Casino Reinvestment Development Authority Inc5.250% 10/27/20390.1%
Massachusetts Port Authority5.000% 06/24/20450.1%
Nebraska Educational Health Cultural & Social Serv4.000% 12/26/20430.1%
Berks County Industrial Development Authority5.000% 10/27/20360.1%
City Of Chicago Il5.500% 12/27/20360.1%
Pennsylvania Economic Development Financing Author4.000% 05/08/20480.1%
Main Street Natural Gas Inc5.000% 05/09/20430.1%
Pittsburgh Water & Sewer Authority5.000% 08/24/20480.1%
Allentown Neighborhood Improvement Zone Developmen5.250% 04/25/20420.1%
New York Transportation Development Corp4.000% 12/28/20350.1%
Port Beaumont Navigation District3.000% 12/24/20490.1%
City Of Chicago Il Waterworks Revenue5.000% 10/27/20360.1%
Puerto Rico Highway & Transportation Authority0.000% 06/28/20320.1%
State Of Connecticut Special Tax Revenue4.000% 04/26/20390.1%
Colorado Health Facilities Authority5.000% 07/25/20440.1%
New Jersey Transportation Trust Fund Authority5.000% 06/12/20300.1%
New York State Dormitory Authority5.000% 07/29/20280.1%
Berks County Industrial Development Authority4.000% 10/27/20380.1%
Cscda Community Improvement Authority3.125% 07/22/20560.1%
Metropolitan Transportation Authority5.250% 11/06/20550.1%
Minneapolis-St Paul Metropolitan Airports Commissi5.000% 12/25/20460.1%
New York State Dormitory Authority4.000% 06/22/20520.1%
State Of Hawaii Department Of Budget & Finance3.200% 06/26/20390.1%
Town Of Davie Fl5.000% 03/25/20480.1%
Allegheny County Hospital Development Authority4.000% 03/27/20370.1%
California Health Facilities Financing Authority5.000% 08/08/20470.1%
City Of New York Ny5.500% 04/24/20460.1%
Main Street Natural Gas Inc5.000% 05/10/20370.1%
Antelope Valley Healthcare District5.000% 02/23/20410.1%
Eagle County Airport Terminal Corp5.000% 04/30/20270.1%
Hospitals & Higher Education Facilities Authority5.000% 06/27/20330.1%
Lower Colorado River Authority5.000% 05/10/20400.1%
Main Street Natural Gas Inc5.000% 05/12/20290.1%
New York City Transitional Finance Authority Futur4.000% 04/26/20370.1%
New York Transportation Development Corp5.000% 12/29/20280.1%
Development Authority Of Appling County4.800% 08/01/20230.1%
Duluth Economic Development Authority5.250% 02/06/20530.1%
E-470 Public Highway Authority0.000% 08/28/20320.1%
Iowa Higher Education Loan Authority5.000% 09/29/20300.1%
Kansas City Industrial Development Authority4.000% 02/26/20360.1%
Ohio Higher Educational Facility Commission5.250% 09/22/20530.1%
Phenix City Industrial Development Board3.625% 05/13/20300.1%
Tuscaloosa County Industrial Development Authority4.500% 04/28/20320.1%
West Virginia Economic Development Authority4.700% 06/16/20260.1%
New Jersey Transportation Trust Fund Authority5.000% 06/11/20340.1%
New York State Urban Development Corp3.000% 03/08/20470.1%
Wayne County Airport Authority5.000% 11/24/20460.1%
Metropolitan Transportation Authority5.000% 11/08/20450.1%
New York State Environmental Facilities Corp3.125% 05/31/20260.1%
Atlanta Urban Redevelopment Agency3.875% 06/24/20510.1%
Iowa Higher Education Loan Authority5.000% 09/29/20300.1%
State Of Illinois5.750% 04/24/20450.1%
Niagara Frontier Transportation Authority5.000% 03/31/20240.1%
Texas Private Activity Bond Surface Transportation4.000% 06/25/20370.1%
California Pollution Control Financing Authority5.000% 12/30/20280.1%
Chicago Board Of Education Dedicated Capital Impro5.000% 03/31/20270.1%
River Islands Public Financing Authority5.250% 08/23/20520.1%
Southern California Public Power Authority3.039% 10/28/20380.1%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/05/20570.1%
Williamsburg Economic Development Authority5.250% 06/22/20530.1%
City Of Salt Lake City Ut Airport Revenue5.500% 06/22/20530.1%
Massachusetts Development Finance Agency5.250% 06/23/20480.1%
Public Finance Authority6.500% 11/26/20370.1%
Camden County Improvement Authority/The6.000% 06/04/20620.1%
Parish Of St James La6.350% 09/25/20400.1%
Chicago Board Of Education Dedicated Capital Impro5.000% 03/29/20330.1%
Illinois Finance Authority4.000% 08/27/20370.1%
Massachusetts Development Finance Agency5.000% 06/26/20390.1%
West Virginia Economic Development Authority3.000% 06/17/20270.1%
City Of Chicago Il Waterworks Revenue5.000% 10/27/20370.1%
Commonwealth Of Puerto Rico0.000% 10/25/20510.1%
Massachusetts Development Finance Agency5.250% 06/22/20520.1%
New York State Thruway Authority4.000% 12/25/20500.1%
Tobacco Securitization Authority Of Northern Calif4.000% 05/24/20490.1%
Antelope Valley Healthcare District5.000% 02/22/20460.1%
California Pollution Control Financing Authority4.300% 06/25/20400.1%
Central Texas Turnpike System5.000% 08/10/20370.1%
Maryland Economic Development Corp5.250% 06/23/20470.1%
Metropolitan Washington Airports Authority Dulles0.000% 09/26/20370.1%
State Of Illinois4.000% 09/27/20330.1%
Wilkes-Barre Area School District/Pa5.000% 04/05/20590.1%
California Infrastructure & Economic Development B5.000% 10/26/20410.1%
City Of Chicago Il5.500% 12/27/20390.1%
County Of Miami-Dade Fl Aviation Revenue5.000% 09/28/20290.1%
County Of Muskingum Oh5.000% 02/09/20440.1%
Maryland Economic Development Corp5.250% 06/22/20520.1%
New York City Housing Development Corp2.400% 10/25/20460.1%
Chesapeake Economic Development Authority3.650% 01/29/20320.1%
City Of Houston Tx Airport System Revenue6.625% 07/10/20380.1%
New Jersey Transportation Trust Fund Authority5.000% 06/12/20310.1%
New York State Dormitory Authority5.500% 06/30/20240.1%
Southeast Alabama Gas Supply District/The4.000% 03/31/20240.1%
Texas Private Activity Bond Surface Transportation5.000% 06/20/20580.1%
Municipal Electric Authority Of Georgia5.000% 06/22/20550.1%
Niagara Area Development Corp3.500% 10/30/20240.1%
State Of Illinois4.000% 09/26/20380.1%
City Of Chicago Il5.500% 12/31/20240.1%
Municipal Electric Authority Of Georgia5.000% 06/22/20530.1%
State Of Ohio4.000% 11/10/20390.1%
City Of Chicago Il5.500% 12/27/20380.1%
New York Transportation Development Corp5.000% 12/28/20350.1%
Texas Municipal Gas Acquisition & Supply Corp Iii5.000% 12/12/20290.1%
Cscda Community Improvement Authority4.000% 11/21/20560.1%
Maryland Health & Higher Educational Facilities Au5.000% 06/26/20380.1%
Public Finance Authority5.250% 09/26/20380.1%
California Pollution Control Financing Authority5.000% 12/30/20280.1%
Commonwealth Of Pennsylvania4.000% 06/24/20460.1%
Industrial Development Authority Of The City Of St4.750% 11/08/20470.1%
Port Beaumont Navigation District4.000% 12/24/20490.1%
State Of Illinois5.000% 11/27/20350.1%
New Jersey Transportation Trust Fund Authority5.500% 06/07/20500.1%
New Jersey Transportation Trust Fund Authority5.250% 06/09/20420.1%
Chicago Board Of Education5.000% 11/28/20300.1%
Maryland Economic Development Corp5.750% 06/22/20530.1%
School District Of Philadelphia/The4.000% 08/27/20380.1%
Greater Asheville Regional Airport Authority5.250% 06/22/20530.1%
M-S-R Energy Authority6.125% 10/29/20290.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev5.000% 06/21/20580.1%
Trust For Cultural Resources Of The City Of New Yo4.000% 11/27/20330.1%
California School Finance Authority5.000% 06/30/20270.1%
Chicago Board Of Education5.000% 11/28/20290.1%
City Of Fresno Ca Airport Revenue5.000% 06/22/20530.1%
Florida Higher Educational Facilities Financial Au5.000% 03/31/20260.1%
Main Street Natural Gas Inc5.000% 05/11/20350.1%
New York Transportation Development Corp4.000% 06/24/20460.1%
Philadelphia Gas Works Co5.000% 07/29/20290.1%
Riverside County Transportation Commission4.000% 05/27/20400.1%
State Of Alabama Docks Department5.000% 09/27/20340.1%
State Of Alabama Docks Department5.000% 09/27/20350.1%
State Of Illinois4.000% 09/27/20320.1%
City Of Miami Beach Fl Parking Revenue5.000% 08/31/20250.1%
Massachusetts Development Finance Agency5.000% 06/28/20310.1%
California Health Facilities Financing Authority4.000% 11/09/20420.1%
City Of Atlanta Ga Airport Passenger Facility Char5.000% 12/30/20270.1%
City Of Valparaiso In7.000% 12/26/20430.1%
Louisiana Public Facilities Authority5.000% 06/21/20590.1%
Michigan Finance Authority5.000% 06/27/20340.1%
Minneapolis-St Paul Metropolitan Airports Commissi5.000% 12/29/20300.1%
Port Of Portland Or Airport Revenue5.000% 06/26/20390.1%
Texas Private Activity Bond Surface Transportation4.000% 12/26/20370.1%
Berks County Municipal Authority/The5.000% 01/27/20400.1%
Chicago Board Of Education5.000% 11/24/20460.1%
County Of Cuyahoga Oh5.000% 02/05/20570.1%
Lower Alabama Gas District/The4.000% 11/23/20500.1%
Lower Colorado River Authority6.000% 05/07/20520.1%
New Jersey Economic Development Authority6.500% 03/30/20280.1%
District Of Columbia5.000% 05/31/20260.1%
Massachusetts Development Finance Agency4.000% 06/27/20350.1%
Municipal Electric Authority Of Georgia5.000% 12/31/20240.1%
Selma Industrial Development Board2.000% 10/28/20330.1%
Vermont Student Assistance Corp3.375% 06/11/20360.1%
Village Community Development District No 133.250% 04/23/20520.1%
Allentown Neighborhood Improvement Zone Developmen5.000% 04/28/20320.1%
California Statewide Communities Development Autho5.250% 11/15/20230.1%
Illinois Finance Authority5.000% 08/26/20400.1%
Tobacco Settlement Financing Corp/La5.250% 05/11/20350.1%
City Of Chicago Il Waterworks Revenue5.000% 10/27/20360.0%
Colorado Health Facilities Authority4.000% 07/27/20380.0%
Iowa Higher Education Loan Authority5.000% 09/29/20300.0%
Municipal Electric Authority Of Georgia5.000% 06/23/20480.0%
Board Of Managers Joint Guadalupe County-City Of S5.000% 11/24/20450.0%
Maryland Economic Development Corp4.000% 08/26/20400.0%
Massachusetts Development Finance Agency4.000% 05/28/20350.0%
New Jersey Transportation Trust Fund Authority0.000% 12/10/20370.0%
State Of Connecticut5.000% 04/10/20390.0%
Chicago Board Of Education5.000% 11/24/20440.0%
Indiana Finance Authority5.125% 05/22/20580.0%
Maricopa County Industrial Development Authority4.000% 10/08/20470.0%
Triborough Bridge & Tunnel Authority5.000% 11/09/20420.0%
Wayne County Airport Authority5.000% 11/26/20390.0%
California School Finance Authority5.000% 07/25/20480.0%
Massachusetts Development Finance Agency5.000% 06/27/20340.0%
Atlanta Urban Redevelopment Agency3.625% 06/26/20420.0%
Indiana Finance Authority4.125% 11/29/20260.0%
Nassau County Local Economic Assistance Corp5.000% 06/30/20240.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/27/20330.0%
Adelanto Public Utility Authority5.000% 06/30/20270.0%
Florida Higher Educational Facilities Financial Au5.000% 03/28/20330.0%
New York Transportation Development Corp5.375% 07/27/20360.0%
Philadelphia Gas Works Co5.000% 07/29/20300.0%
Rancho Cucamonga Redevelopment Agency Successor Ag5.000% 08/29/20300.0%
California School Finance Authority5.000% 07/31/20250.0%
Dutchess County Local Development Corp5.000% 06/23/20510.0%
Main Street Natural Gas Inc5.000% 05/07/20490.0%
Massachusetts Port Authority5.000% 06/25/20400.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/28/20310.0%
Puerto Rico Electric Power Authority0.000% 06/29/20310.0%
Rancho Cucamonga Redevelopment Agency Successor Ag5.000% 08/29/20310.0%
Toledo-Lucas County Port Authority5.000% 06/27/20390.0%
Tsasc Inc/Ny5.000% 05/28/20350.0%
Westchester County Local Development Corp5.000% 10/25/20460.0%
California Municipal Finance Authority5.000% 05/31/20250.0%
New Jersey Transportation Trust Fund Authority0.000% 12/12/20310.0%
Compton Community Redevelopment Agency Successor A5.000% 07/26/20420.0%
Indiana Finance Authority5.000% 05/23/20530.0%
Maryland Health & Higher Educational Facilities Au5.000% 06/26/20360.0%
New Jersey Economic Development Authority5.000% 06/11/20360.0%
New York State Dormitory Authority4.000% 07/27/20360.0%
Transbay Joint Powers Authority5.000% 09/23/20490.0%
Fort Bend County Industrial Development Corp4.750% 10/27/20420.0%
Greater Asheville Regional Airport Authority5.250% 06/23/20480.0%
New York State Dormitory Authority5.000% 05/31/20270.0%
Public Finance Authority5.000% 11/29/20270.0%
Territory Of Guam4.000% 12/26/20410.0%
Chicago Board Of Education7.000% 11/24/20460.0%
Chicago Board Of Education5.000% 11/27/20320.0%
Gramercy Farms Community Development District0.000% 10/30/20290.0%
Massachusetts Development Finance Agency5.000% 06/27/20330.0%
New Hampshire Business Finance Authority4.625% 10/26/20420.0%
New York State Dormitory Authority5.000% 11/26/20400.0%
Texas Private Activity Bond Surface Transportation4.000% 12/26/20380.0%
School District Of Philadelphia/The5.000% 08/27/20370.0%
State Of Connecticut5.000% 04/11/20360.0%
Texas Private Activity Bond Surface Transportation4.000% 06/25/20390.0%
Grand River Hospital District5.250% 11/26/20370.0%
North Carolina Turnpike Authority5.000% 12/26/20420.0%
Wayne County Airport Authority5.000% 11/25/20420.0%
Municipal Electric Authority Of Georgia5.000% 06/23/20480.0%
Chicago Board Of Education6.500% 11/24/20460.0%
Crawford County Hospital Authority6.000% 05/24/20510.0%
Hoover Industrial Development Board5.750% 09/23/20490.0%
Nassau County Tobacco Settlement Corp0.000% 05/22/20600.0%
Niagara Area Development Corp5.000% 06/22/20520.0%
Nassau County Local Economic Assistance Corp5.000% 06/30/20240.0%
County Of Cook Il5.000% 11/12/20300.0%
County Of Osceola Fl Transportation Revenue5.000% 09/29/20290.0%
Grand River Hospital District5.250% 11/29/20280.0%
Grand River Hospital District5.250% 11/29/20280.0%
Paducah Electric Plant Board5.000% 09/27/20350.0%
State Of Connecticut5.000% 06/10/20380.0%
Chicago Board Of Education5.000% 11/28/20310.0%
Clifton Higher Education Finance Corp6.000% 08/30/20230.0%
County Of Cook Il5.000% 11/11/20350.0%
Dutchess County Local Development Corp5.000% 06/24/20450.0%
Eagle County Airport Terminal Corp5.000% 04/30/20270.0%
Hospitals & Higher Education Facilities Authority5.000% 06/28/20310.0%
Hospitals & Higher Education Facilities Authority5.000% 06/28/20320.0%
Industrial Development Authority Of The City Of Ph5.000% 06/26/20370.0%
Nassau County Local Economic Assistance Corp5.000% 06/30/20240.0%
New York City Transitional Finance Authority Futur5.000% 01/28/20360.0%
Parish Of St James La5.850% 07/26/20410.0%
School District Of Philadelphia/The5.000% 08/27/20380.0%
Capital Trust Agency Inc5.000% 12/07/20540.0%
Chicago Midway International Airport4.000% 12/28/20330.0%
Crawford County Hospital Authority6.000% 05/25/20460.0%
New York City Transitional Finance Authority Futur4.000% 07/26/20420.0%
New York City Transitional Finance Authority Futur4.480% 08/01/20230.0%
North Carolina Turnpike Authority4.000% 12/27/20370.0%
Public Finance Authority5.250% 09/25/20430.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/28/20290.0%
State Of Connecticut4.000% 06/10/20370.0%
Texas Private Activity Bond Surface Transportation4.000% 06/25/20380.0%
Toledo-Lucas County Port Authority5.000% 06/28/20340.0%
Capital Trust Agency Inc5.000% 12/08/20490.0%
Metropolitan Pier & Exposition Authority5.000% 12/14/20250.0%
New York Transportation Development Corp5.250% 07/29/20310.0%
Texas Private Activity Bond Surface Transportation4.000% 12/26/20390.0%
Toledo-Lucas County Port Authority5.000% 06/25/20460.0%
Village Community Development District No 133.000% 04/25/20410.0%
Commonwealth Of Puerto Rico0.000% 10/27/20430.0%
County Of Jefferson Al Sewer Revenue0.000% 09/29/20260.0%
Public Finance Authority0.000% 09/25/20470.0%
Virginia Small Business Financing Authority5.000% 12/25/20470.0%
Norman Y Mineta San Jose International Airport Sjc5.000% 02/22/20470.0%
State Of Alabama Docks Department5.000% 09/30/20270.0%
Wisconsin Health & Educational Facilities Authorit5.375% 01/25/20480.0%
Maryland Economic Development Corp5.000% 05/24/20490.0%
Michigan Finance Authority5.000% 08/25/20500.0%
Denver Health & Hospital Authority5.250% 11/24/20450.0%
California Municipal Finance Authority5.250% 08/14/20240.0%
City Of Sparks Nv2.750% 06/13/20280.0%
Nassau County Local Economic Assistance Corp5.000% 06/30/20240.0%
Casitas Municipal Water District5.250% 08/31/20270.0%
Irvine Unified School District5.000% 08/31/20270.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/23/20510.0%
City Of Irvine Ca5.000% 08/25/20440.0%
Michigan Finance Authority4.800% 08/27/20400.0%
Public Finance Authority4.050% 10/29/20300.0%
Berks County Municipal Authority/The5.000% 01/27/20400.0%
County Of Jefferson Al Sewer Revenue0.000% 09/26/20390.0%
Maryland Economic Development Corp5.000% 05/26/20440.0%
Industrial Pollution Control Financing Authority O5.000% 11/30/20240.0%
Clifton Higher Education Finance Corp5.000% 08/30/20230.0%
Michigan Finance Authority4.300% 08/30/20300.0%
Stone Canyon Community Improvement District0.000% 03/31/20270.0%
Puerto Rico Electric Power Authority0.000% 06/30/20280.0%
Westchester County Healthcare Corp/Ny6.000% 08/30/20230.0%
Middlesex County Improvement Authority0.000% 12/29/20360.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.536% 06/22/20530.0%
Westchester County Healthcare Corp/Ny6.125% 08/30/20230.0%
Gramercy Farms Community Development District0.000% 04/27/20390.0%
Middlesex County Improvement Authority0.000% 01/01/20250.0%
Puerto Rico Highway & Transportation Authority0.000% 06/22/20530.0%
USU3 - Futures0.000% -0.0%

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 09/28/2023
$0.18815
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 08/31/2023 $0.02393 $10.21
Daily Daily 07/31/2023 $0.02373 $10.39
Daily Daily 06/30/2023 $0.02586 $10.38
Daily Daily 05/31/2023 $0.02300 $10.30
Daily Daily 04/30/2023 $0.02323 $10.40
Daily Daily 03/31/2023 $0.02296 $10.39
Daily Daily 02/28/2023 $0.02370 $10.22
Daily Daily 01/31/2023 $0.02176 $10.51

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 09/30/2023
Daily Daily 10/31/2023
Daily Daily 11/30/2023
Daily Daily 12/31/2023

Fees & Expenses

Fees & Expenses

Expense Ratioas of 08/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
1.35% 1.34%

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 Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015

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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 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 likley to decline, and when interest rates fall, the prices of debt securities tend to rise. High-yielding non-investment grade bonds involve higher risk than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on those securities. 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 bonds of issuers in Puerto Rico and other U.S. territories, comonwealths, 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. Stockholders should consult with their tax advisor 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.

 

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 Municipal Bond Index a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market.  Bonds must be rated investment-grade (Baa3/BBB- or higher) by at least two ratings agencies.  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.

 

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.

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 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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