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 09/23/2022

$9.99

arrowDown$0.04

YTD Returns w/o sales charge as of 09/23/2022

-16.49%

Please click here for performance current to the most recent quarter-end and month-end.

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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

Dividend Yield 1 as of 09/23/2022  

w/o sales charge 2.41%

30-Day Standardized Yield 2 as of 08/31/2022  

2.55%

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

Fund Basicsas of 08/31/2022

Total Net Assets
$3.59 B
Inception Date
07/15/1996
Dividend Frequency
Monthly
Fund Expense Ratio
1.36%
Number of Holdings
828
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

1.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge -13.45% -13.51% -2.60% 0.34% 1.66% 3.46%
Lipper Category Avg. General & Insured Municipal Debt Funds -10.20% -10.24% -1.35% 0.95% 1.97% -
Bloomberg Municipal Bond Index -8.63% -8.63% -0.83% 1.28% 2.25% -
w/ sales charge -14.30% -13.51% -2.60% 0.34% 1.66% 3.46%

Fund Expense Ratio :

1.36%

Fund Expense Ratio :

1.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge -13.78% -13.67% -1.82% 0.63% 1.90% 3.47%
Lipper Category Avg. General & Insured Municipal Debt Funds -10.45% -10.17% -0.66% 1.18% 2.15% -
Bloomberg Municipal Bond Index -8.98% -8.57% -0.18% 1.51% 2.38% -
w/ sales charge -14.63% -13.67% -1.82% 0.63% 1.90% 3.47%

Fund Expense Ratio :

1.36%

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.

The Muni Quarterly

The Muni Quarterly offers insights from our analysts on key topics for municipal bond investors, along with essential market information.

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

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 08/31/2022 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.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

35 Years of Industry Experience

Gregory M. Shuman
Gregory M. Shuman, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

Supported By 16 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

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Performance

Performance

Dividend Yield 1 as of 09/23/2022  

w/o sales charge 2.41%

30-Day Standardized Yield 2 as of 08/31/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.55% 2.55%

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

Fund Expense Ratio :

1.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge -13.45% -13.51% -2.60% 0.34% 1.66% 3.46%
Lipper Category Avg. General & Insured Municipal Debt Funds -10.20% -10.24% -1.35% 0.95% 1.97% -
Bloomberg Municipal Bond Index -8.63% -8.63% -0.83% 1.28% 2.25% -
w/ sales charge -14.30% -13.51% -2.60% 0.34% 1.66% 3.46%

Fund Expense Ratio :

1.36%

Fund Expense Ratio :

1.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge -13.78% -13.67% -1.82% 0.63% 1.90% 3.47%
Lipper Category Avg. General & Insured Municipal Debt Funds -10.45% -10.17% -0.66% 1.18% 2.15% -
Bloomberg Municipal Bond Index -8.98% -8.57% -0.18% 1.51% 2.38% -
w/ sales charge -14.63% -13.67% -1.82% 0.63% 1.90% 3.47%

Fund Expense Ratio :

1.36%

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
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% 6.78%
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% -
2002 8.18% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -8.30% -5.98% - - -16.49%
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
Lease
GO Local
GO State
Special Tax
Education
Water & Sewer
Housing
Power
Pre-Refunded
Other
VRDN
Resource Recovery
Treasury

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

Credit Quality Distribution as of 08/31/2022

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.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 6/30/2022

  • While the yield curve has continued its upward shift since the start of year, the second quarter brought a steepening in the benchmark muni curve compared to a virtually flat Treasury curve. While painful in the short term, the price impact from the significant rise in rates creates a favorable earnings potential over the long term and the curve steepening brings opportunity for active managers, who can capitalize on this dynamic through strategies such as yield curve roll down. Currently, we find the best risk/reward profile in the intermediate section (9-12) of the curve as well as in longer parts of the curve that exhibit steepness.
  • We have been focused closely on bond structure, including their coupon, call protection, and convexity profile, as these factors will continue to play an increasingly important role in performance given the higher level of interest rates. We have been focusing on buying or swapping into higher coupon bonds, which are less sensitive to rate rises.
  • In terms of sectors, the portfolios have an emphasis on the Transportation, Industrial Development, and Healthcare sectors. While underperforming during the pandemic, the Transportation sector continues to have upside potential due to heavy usage of airports, toll roads, and ports. IDR bonds are linked to the improving quality of corporates, exhibit attractive yields relative to their credit ratings and we believe can withstand recession given sound balance sheets. The Health Care sector generally offers attractive incremental yield and strong credit fundamentals and has proven resilient during historic downturns. Additionally, we are able to identify idiosyncratic opportunities in stronger hospital systems.
  • The fundamental backdrop of the municipal market continues to show strength due to the significant Federal aid passed down to state and local governments, robust tax revenue growth and a better-than-expected economic recovery from the pandemic over the last two years. As such, upgrades have continued to overtake downgrades by a substantial margin throughout 2022 and state and local governments’ rainy-day balances rose to record levels this last fiscal year.
  • While municipal fundamentals are currently very positive, the credit environment may be impacted should the tightening of monetary policy by the Federal Reserve significantly reduce demand and/or push the U.S. economy into a recession. Of note, during past periods of economic contractions, municipals have historically shown lower default rates and a significantly lesser downgrade trajectory relative to corporate bonds along with a reduced correlation with other asset classes.
  • In terms of technicals, demand may continue to be weaker than 2021, especially if rate volatility continues. However, we do expect demand to recover. On the supply side, the summer months have historically been favorable, partly due to increasing bond redemptions, with a negative net supply projected for July and August. However, it would be negative for the market should supply come in higher than expected in concert with continuing outflows. Conversely, if Treasury yields stabilize and demand turns positive, munis stand to benefit.

Portfolio Details as of 08/31/2022

Total Net Assets
$3.59 B
Number of Issues
828
Average Coupon
4.5%
Average Effective Maturity
17.9 Years
Average Effective Duration
8.9 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 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.

Holding Coupon Maturity Assets
Southeast Energy Authority A Cooperative District 4.000% 12/01/2051 1.2%
Buckeye Tobacco Settlement Financing Authority 5.000% 06/01/2055 0.9%
Louisiana Local Government Environmental Facilitie 3.500% 11/01/2032 0.7%
Main Street Natural Gas Inc 4.000% 08/01/2052 0.7%
Duluth Economic Development Authority 5.250% 02/15/2058 0.6%
New York Transportation Development Corp 5.250% 01/01/2050 0.6%
City of Chicago IL 6.000% 01/01/2038 0.6%
Colorado Health Facilities Authority 4.000% 11/15/2043 0.5%
Black Belt Energy Gas District 4.000% 12/01/2052 0.5%
Tender Option Bond Trust Receipts/Certificates 5.000% 05/01/2052 0.5%
% of Total Assets 6.8%

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
Southeast Energy Authority A Cooperative District4.000% 12/01/20511.1%
Buckeye Tobacco Settlement Financing Authority5.000% 06/01/20550.9%
Louisiana Local Government Environmental Facilitie3.500% 11/01/20320.7%
Foothill-Eastern Transportation Corridor Agency4.000% 01/15/20430.7%
Main Street Natural Gas Inc4.000% 08/01/20520.7%
Duluth Economic Development Authority5.250% 02/15/20580.6%
New York Transportation Development Corp5.250% 01/01/20500.6%
City of Chicago IL6.000% 01/01/20380.6%
Colorado Health Facilities Authority4.000% 11/15/20430.6%
Tender Option Bond Trust Receipts/Certificates5.000% 05/01/20520.5%
Black Belt Energy Gas District4.000% 12/01/20520.5%
California Housing Finance Agency4.000% 03/20/20330.5%
Salt Verde Financial Corp5.000% 12/01/20370.5%
Maryland Health & Higher Educational Facilities Au5.500% 01/01/20460.5%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev5.000% 07/01/20580.5%
State of Hawaii Department of Budget & Finance3.200% 07/01/20390.4%
Kentucky Public Energy Authority4.000% 08/01/20520.4%
Central Plains Energy Project5.000% 05/01/20530.4%
California Pollution Control Financing Authority5.000% 11/21/20450.4%
New Jersey Transportation Trust Fund Authority4.000% 06/15/20450.4%
New Jersey Transportation Trust Fund Authority5.000% 06/15/20460.4%
Black Belt Energy Gas District4.000% 04/01/20530.4%
Central Plains Energy Project5.000% 09/01/20420.4%
Commonwealth Financing Authority4.000% 06/01/20390.4%
California Housing Finance Agency3.750% 03/25/20350.4%
Kansas City Industrial Development Authority5.000% 03/01/20540.4%
Public Finance Authority4.000% 09/30/20510.4%
North Carolina Turnpike Authority4.000% 01/01/20370.4%
Black Belt Energy Gas District4.000% 06/01/20510.4%
Riverside County Redevelopment Successor Agency8.500% 10/01/20410.4%
Black Belt Energy Gas District5.000% 05/01/20530.4%
Main Street Natural Gas Inc5.000% 12/01/20520.4%
City of Chicago IL5.500% 01/01/20490.4%
California Municipal Finance Authority4.000% 12/31/20470.4%
Maryland Economic Development Corp5.250% 06/30/20550.4%
Chicago O'Hare International Airport4.000% 01/01/20440.4%
New York Transportation Development Corp5.000% 01/01/20330.4%
State of Hawaii Airports System Revenue5.000% 07/01/20480.3%
County of Trimble KY3.750% 06/01/20330.3%
Tender Option Bond Trust Receipts/Certificates7.280% 07/01/20600.3%
New York State Urban Development Corp5.000% 03/15/20400.3%
Public Authority for Colorado Energy6.500% 11/15/20380.3%
Kentucky Public Energy Authority4.000% 02/01/20500.3%
New York Transportation Development Corp5.000% 10/01/20400.3%
New Jersey Transportation Trust Fund Authority0.000% 12/15/20290.3%
New York Liberty Development Corp3.000% 09/15/20430.3%
Tennessee Energy Acquisition Corp5.625% 09/01/20260.3%
Metropolitan Transportation Authority5.000% 11/15/20500.3%
Tender Option Bond Trust Receipts/Certificates7.130% 11/15/20550.3%
Triborough Bridge & Tunnel Authority5.000% 05/15/20510.3%
City of Salt Lake City UT Airport Revenue5.000% 07/01/20360.3%
New York City Industrial Development Agency5.000% 07/01/20280.3%
County of Campbell WY3.625% 07/15/20390.3%
City of Chicago IL4.000% 01/01/20360.3%
Tennessee Energy Acquisition Corp5.000% 05/01/20520.3%
Commonwealth of Massachusetts3.000% 02/01/20480.3%
City of Baltimore MD5.000% 07/01/20460.3%
Commonwealth of Pennsylvania4.000% 09/15/20300.3%
New Mexico Municipal Energy Acquisition Authority5.000% 11/01/20390.3%
Chicago O'Hare International Airport5.000% 01/01/20480.3%
Long Beach Bond Finance Authority5.500% 11/15/20370.3%
State of Connecticut3.000% 01/15/20380.3%
County of Miami-Dade FL Aviation Revenue5.000% 10/01/20340.3%
Chicago O'Hare International Airport5.000% 01/01/20530.3%
Chicago Transit Authority Sales Tax Receipts Fund5.250% 12/01/20490.3%
Connecticut State Health & Educational Facilities4.000% 07/01/20410.3%
Matagorda County Navigation District No 12.600% 11/01/20290.3%
Sumter County Industrial Development Authority/AL6.000% 07/15/20520.3%
County of Cook IL5.000% 11/15/20240.3%
Metropolitan Transportation Authority5.250% 11/15/20440.3%
Orange County Health Facilities Authority4.000% 10/01/20520.3%
City of Los Angeles Department of Airports5.000% 05/15/20390.3%
City of Philadelphia PA5.000% 08/01/20360.3%
New York City Transitional Finance Authority Build5.000% 07/15/20300.3%
Pennsylvania Turnpike Commission5.000% 06/01/20290.3%
Chicago O'Hare International Airport5.000% 01/01/20520.3%
State of Illinois5.500% 07/01/20330.3%
Nebraska Educational Health Cultural & Social Serv4.000% 01/01/20490.3%
Louisiana Local Government Environmental Facilitie2.500% 04/01/20360.3%
City of Chicago IL4.000% 01/01/20320.3%
County of Cuyahoga OH5.500% 02/15/20520.3%
Foothill-Eastern Transportation Corridor Agency6.000% 01/15/20490.3%
Parish of St John the Baptist LA2.000% 06/01/20370.3%
Public Finance Authority5.000% 10/01/20520.3%
Tobacco Settlement Financing Corp5.250% 06/01/20460.3%
County of Miami-Dade Seaport Department4.000% 10/01/20490.3%
State of Illinois5.500% 05/01/20390.3%
Hillsborough County Industrial Development Authori4.000% 08/01/20450.2%
New York City Municipal Water Finance Authority3.500% 06/15/20480.2%
University of Connecticut5.250% 11/15/20470.2%
Onondaga County Trust for Cultural Resources5.000% 12/01/20430.2%
Main Street Natural Gas Inc5.000% 05/15/20490.2%
Main Street Natural Gas Inc4.000% 05/01/20520.2%
New Jersey Economic Development Authority5.500% 09/01/20290.2%
Washington & Multnomah Counties School District No5.000% 06/15/20360.2%
County of Osceola FL Transportation Revenue4.000% 10/01/20540.2%
Hampton Roads Transportation Accountability Commis5.500% 07/01/20570.2%
City of San Antonio TX Airport System5.000% 07/01/20450.2%
Tobacco Securitization Authority of Southern Calif5.000% 06/01/20480.2%
Connecticut State Health & Educational Facilities4.000% 07/01/20490.2%
South Carolina Jobs-Economic Development Authority5.000% 12/01/20460.2%
Arizona Industrial Development Authority3.625% 05/20/20330.2%
New York Transportation Development Corp4.000% 10/01/20300.2%
Oklahoma Development Finance Authority5.500% 08/15/20520.2%
County of Jefferson AL Sewer Revenue6.500% 10/01/20530.2%
County of Sacramento CA Airport System Revenue5.000% 07/01/20410.2%
Long Beach Bond Finance Authority2.395% 11/15/20270.2%
New York State Dormitory Authority5.000% 07/15/20500.2%
State of California5.250% 08/01/20320.2%
City & County of Denver CO Airport System Revenue5.250% 11/15/20430.2%
Clifton Higher Education Finance Corp6.125% 08/15/20480.2%
County of Montgomery OH4.000% 11/15/20420.2%
New Jersey Transportation Trust Fund Authority0.000% 12/15/20280.2%
Texas Water Development Board4.000% 10/15/20370.2%
Texas Municipal Gas Acquisition & Supply Corp III5.000% 12/15/20290.2%
Parish of St John the Baptist LA2.100% 06/01/20370.2%
Berks County Municipal Authority/The5.000% 11/01/20440.2%
Metropolitan Pier & Exposition Authority0.000% 12/15/20300.2%
Metropolitan Pier & Exposition Authority0.000% 12/15/20370.2%
State of Connecticut Special Tax Revenue5.000% 01/01/20370.2%
New Jersey Economic Development Authority5.625% 01/01/20520.2%
Indianapolis Local Public Improvement Bond Bank5.000% 02/01/20310.2%
Tobacco Settlement Financing Corp/VA5.000% 06/01/20470.2%
New York Transportation Development Corp5.000% 07/01/20460.2%
State of New Jersey4.000% 06/01/20310.2%
University of North Carolina at Wilmington5.000% 06/01/20370.2%
County of Miami-Dade FL Transit System4.000% 07/01/20490.2%
Maryland Health & Higher Educational Facilities Au5.000% 07/01/20380.2%
California Municipal Finance Authority5.000% 02/01/20470.2%
Triborough Bridge & Tunnel Authority5.000% 05/15/20510.2%
Virginia Small Business Financing Authority5.000% 01/01/20350.2%
City of Philadelphia PA Water & Wastewater Revenue5.250% 10/01/20520.2%
Port Authority of New York & New Jersey5.000% 11/15/20410.2%
Virginia Small Business Financing Authority5.000% 07/01/20360.2%
Public Finance Authority4.000% 03/31/20560.2%
State of Connecticut3.000% 01/15/20340.2%
State of Illinois4.000% 10/01/20390.2%
Chicago Transit Authority Sales Tax Receipts Fund5.000% 12/01/20520.2%
Los Angeles County Public Works Financing Authorit5.000% 12/01/20450.2%
New York Transportation Development Corp4.000% 07/01/20410.2%
San Francisco City & County Airport Comm-San Franc5.250% 05/01/20330.2%
Texas Municipal Gas Acquisition & Supply Corp III5.000% 12/15/20300.2%
County of Hillsborough FL3.250% 08/01/20480.2%
Pennsylvania Higher Educational Facilities Authori4.000% 08/15/20490.2%
State of Illinois5.000% 12/01/20360.2%
California Statewide Communities Development Autho5.500% 12/01/20540.2%
Southwest Local School District/Hamilton County4.000% 01/15/20550.2%
California Housing Finance Agency3.250% 08/20/20360.2%
County of Montgomery OH4.000% 08/01/20510.2%
New Hampshire Business Finance Authority4.125% 01/20/20340.2%
Virginia Small Business Financing Authority5.000% 01/01/20320.2%
City of New York NY5.000% 08/01/20270.2%
Salt Verde Financial Corp5.000% 12/01/20320.2%
Maricopa County Pollution Control Corp2.400% 06/01/20350.2%
Kentucky Bond Development Corp4.000% 09/01/20480.2%
California Housing Finance Agency4.250% 01/15/20350.2%
City of Reno NV4.000% 06/01/20460.2%
Tender Option Bond Trust Receipts/Certificates6.798% 07/01/20560.2%
County of Richland SC3.875% 04/01/20230.2%
New York State Dormitory Authority5.000% 01/01/20470.2%
Erie County Industrial Development Agency/The5.000% 05/01/20260.2%
Chicago Board of Education5.000% 12/01/20470.2%
Texas Municipal Gas Acquisition & Supply Corp III5.000% 12/15/20310.2%
Maryland State Transportation Authority Passenger3.000% 06/01/20360.2%
Michigan State Building Authority4.000% 04/15/20540.2%
California Health Facilities Financing Authority3.000% 08/15/20510.2%
City of Chicago IL5.000% 01/01/20260.2%
Metropolitan Government Nashville & Davidson Count5.250% 10/01/20580.2%
State of Illinois5.000% 01/01/20350.2%
California County Tobacco Securitization Agency4.000% 06/01/20490.2%
County of Miami-Dade FL Aviation Revenue5.000% 10/01/20440.2%
Foothill-Eastern Transportation Corridor Agency3.500% 01/15/20530.2%
New Jersey Economic Development Authority5.000% 06/15/20470.2%
Palomar Health5.000% 11/01/20360.2%
County of Carroll KY2.125% 10/01/20340.2%
State of Hawaii Department of Budget & Finance3.100% 05/01/20260.2%
Illinois Finance Authority6.125% 09/01/20390.2%
Black Belt Energy Gas District4.000% 07/01/20520.2%
Gainesville & Hall County Hospital Authority5.000% 02/15/20320.2%
Triborough Bridge & Tunnel Authority3.000% 11/15/20470.2%
Arkansas Development Finance Authority4.750% 09/01/20490.2%
New York City Transitional Finance Authority Futur3.000% 05/01/20450.2%
Central Texas Turnpike System5.000% 08/15/20330.2%
San Diego County Regional Airport Authority5.000% 07/01/20510.2%
Montana Facility Finance Authority5.000% 07/01/20480.2%
State of Illinois5.500% 05/01/20300.2%
New York City Transitional Finance Authority Build5.000% 07/15/20310.2%
Wisconsin Health & Educational Facilities Authorit4.000% 02/15/20500.2%
Chicago O'Hare International Airport5.000% 01/01/20470.2%
City of Los Angeles Department of Airports5.000% 05/15/20330.2%
Michigan Finance Authority4.000% 12/01/20490.2%
State of Illinois4.250% 10/01/20450.2%
State of Illinois5.500% 03/01/20420.2%
City of Baltimore MD4.000% 07/01/20490.2%
New Jersey Economic Development Authority5.000% 11/01/20440.2%
Metropolitan Transportation Authority4.000% 11/15/20540.2%
Roanoke Economic Development Authority3.000% 07/01/20450.2%
Indiana Finance Authority4.250% 11/01/20300.2%
School District of Philadelphia/The4.000% 09/01/20390.2%
Palomar Health5.000% 11/01/20390.2%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.329% 07/01/20400.2%
City of Minneapolis MN5.000% 11/15/20490.2%
Michigan State Housing Development Authority3.600% 10/01/20600.2%
Tuscaloosa City Board of Education5.000% 08/01/20460.2%
City of Compton CA Water Revenue6.000% 08/01/20390.2%
New Jersey Turnpike Authority4.000% 01/01/20430.2%
Kentucky Municipal Power Agency5.000% 09/01/20350.2%
Kentucky Municipal Power Agency5.000% 09/01/20360.2%
San Francisco City & County Airport Comm-San Franc5.000% 05/01/20520.2%
State of Illinois5.000% 03/01/20330.2%
TSASC Inc/NY5.000% 06/01/20480.2%
County of Cuyahoga OH5.500% 02/15/20570.2%
FHLMC Multifamily VRD Certificates4.600% 12/15/20440.2%
Michigan Finance Authority5.000% 06/01/20490.2%
New Jersey Educational Facilities Authority4.000% 09/01/20290.2%
California Housing Finance Agency3.500% 11/20/20350.2%
Indiana Finance Authority5.250% 02/01/20320.2%
County of Jefferson AL Sewer Revenue6.000% 10/01/20420.1%
New York City Transitional Finance Authority Futur1.820% 11/01/20440.1%
New York Transportation Development Corp4.000% 10/31/20410.1%
North Sumter County Utility Dependent District5.000% 10/01/20320.1%
PEFA Inc5.000% 09/01/20490.1%
Lee Memorial Health System4.000% 04/01/20490.1%
Louisiana Public Facilities Authority5.000% 04/01/20450.1%
Maryland Economic Development Corp4.000% 07/01/20390.1%
Massachusetts Port Authority4.000% 07/01/20460.1%
Metropolitan Pier & Exposition Authority0.000% 12/15/20360.1%
State of Illinois5.500% 07/01/20380.1%
Massachusetts Development Finance Agency5.000% 07/01/20350.1%
Mission Economic Development Corp4.625% 10/01/20310.1%
New Hampshire Business Finance Authority4.375% 09/20/20360.1%
New York Transportation Development Corp5.000% 12/01/20350.1%
City of Salt Lake City UT Airport Revenue5.000% 07/01/20340.1%
Commonwealth of Puerto Rico5.375% 07/01/20250.1%
New Jersey Transportation Trust Fund Authority5.000% 06/15/20450.1%
County of Baltimore MD4.000% 01/01/20450.1%
Massachusetts Educational Financing Authority4.125% 07/01/20460.1%
Miami-Dade County Educational Facilities Authority5.000% 04/01/20530.1%
North Texas Tollway Authority5.000% 01/01/20480.1%
South Carolina Ports Authority5.000% 07/01/20440.1%
Duluth Economic Development Authority5.000% 02/15/20530.1%
Metropolitan Nashville Airport Authority/The5.000% 07/01/20490.1%
New Jersey Economic Development Authority5.000% 06/15/20410.1%
West Virginia Parkways Authority4.000% 06/01/20470.1%
California Educational Facilities Authority5.000% 04/01/20450.1%
Public Finance Authority5.000% 07/01/20420.1%
California Municipal Finance Authority5.000% 12/31/20380.1%
Duluth Economic Development Authority5.250% 06/15/20520.1%
New Hampshire Business Finance Authority4.000% 12/01/20280.1%
Southern California Public Power Authority5.000% 11/01/20330.1%
State of California4.000% 09/01/20370.1%
Canaveral Port Authority5.000% 06/01/20480.1%
Cobb County Kennestone Hospital Authority4.000% 04/01/20520.1%
Minnesota Municipal Gas Agency4.000% 12/01/20520.1%
Municipal Electric Authority of Georgia5.000% 01/01/20480.1%
New Jersey Economic Development Authority5.000% 06/15/20420.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.329% 07/01/20400.1%
State of Hawaii Airports System Revenue5.000% 07/01/20410.1%
City of Chicago IL5.500% 01/01/20420.1%
New York State Dormitory Authority5.000% 07/01/20400.1%
Central Florida Expressway Authority4.000% 07/01/20350.1%
Inland Valley Development Agency5.250% 09/01/20370.1%
Louisiana Public Facilities Authority4.000% 04/01/20500.1%
Massachusetts Development Finance Agency5.000% 11/01/20380.1%
New York State Urban Development Corp4.000% 03/15/20420.1%
City of Philadelphia PA Water & Wastewater Revenue5.000% 10/01/20460.1%
Iowa Finance Authority4.750% 08/01/20420.1%
New Jersey Transportation Trust Fund Authority5.000% 06/15/20330.1%
Salem County Pollution Control Financing Authority5.000% 12/01/20230.1%
King County Public Hospital District No 45.000% 12/01/20380.1%
Massachusetts Development Finance Agency4.000% 07/01/20410.1%
City & County of Denver CO Airport System Revenue4.000% 12/01/20430.1%
Tobacco Settlement Financing Corp5.000% 06/01/20310.1%
University of Illinois4.000% 04/01/20380.1%
City of Baltimore MD5.000% 07/01/20390.1%
Martin County Health Facilities Authority4.000% 01/01/20460.1%
Massachusetts Development Finance Agency4.000% 06/01/20490.1%
New Hampshire Business Finance Authority4.875% 11/01/20420.1%
Niagara Area Development Corp4.750% 11/01/20420.1%
San Diego County Regional Airport Authority5.000% 07/01/20440.1%
Bay Area Toll Authority4.000% 04/01/20490.1%
Canaveral Port Authority5.000% 06/01/20450.1%
City of Chicago IL Waterworks Revenue5.000% 11/01/20290.1%
Savannah Hospital Authority4.000% 07/01/20430.1%
Central Texas Regional Mobility Authority5.000% 01/01/20450.1%
New Jersey Health Care Facilities Financing Author5.750% 07/01/20370.1%
Metropolitan Washington Airports Authority Aviatio5.000% 10/01/20350.1%
New York State Dormitory Authority5.000% 08/01/20300.1%
Ohio Air Quality Development Authority2.100% 07/01/20280.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.750% 07/01/20530.1%
City of Tampa FL4.000% 07/01/20450.1%
Maricopa County Pollution Control Corp3.600% 02/01/20400.1%
New Jersey Economic Development Authority5.000% 06/15/20430.1%
State of Illinois5.000% 05/01/20380.1%
Vermont Educational & Health Buildings Financing A5.000% 12/01/20350.1%
City of Reno NV4.000% 06/01/20430.1%
Iowa Finance Authority4.000% 12/01/20500.1%
San Francisco Bay Area Rapid Transit District3.000% 08/01/20420.1%
State of Illinois5.500% 03/01/20470.1%
Ohio Air Quality Development Authority4.000% 09/01/20300.1%
Commonwealth of Puerto Rico4.000% 07/01/20370.1%
County of Miami-Dade FL Aviation Revenue5.000% 10/01/20280.1%
Pennsylvania Economic Development Financing Author3.250% 08/01/20390.1%
State of Connecticut Special Tax Revenue5.000% 01/01/20380.1%
City of Philadelphia PA Airport Revenue5.000% 07/01/20420.1%
New York City Transitional Finance Authority Futur4.000% 02/01/20410.1%
Washington State Housing Finance Commission3.500% 12/20/20350.1%
California Statewide Communities Development Autho5.250% 12/01/20430.1%
City of Chicago IL4.000% 01/01/20350.1%
County of Luzerne PA5.000% 11/15/20290.1%
Metropolitan Pier & Exposition Authority5.500% 06/15/20530.1%
New Jersey Transportation Trust Fund Authority5.000% 12/15/20350.1%
New York State Dormitory Authority4.000% 08/01/20380.1%
Ohio Air Quality Development Authority5.000% 07/01/20490.1%
Oneida County Local Development Corp4.000% 12/01/20490.1%
California Statewide Communities Development Autho4.000% 07/01/20480.1%
Commonwealth of Puerto Rico4.000% 07/01/20460.1%
Metropolitan Transportation Authority5.000% 11/15/20350.1%
Savannah Hospital Authority4.000% 07/01/20390.1%
Virginia Small Business Financing Authority4.000% 01/01/20380.1%
Commonwealth of Pennsylvania4.000% 03/01/20370.1%
State of Hawaii Airports System Revenue4.000% 07/01/20350.1%
North Texas Tollway Authority5.000% 01/01/20400.1%
Omaha Public Power District Nebraska City Station5.250% 02/01/20420.1%
Michigan State Hospital Finance Authority5.000% 11/15/20470.1%
New York Transportation Development Corp5.000% 01/01/20340.1%
San Francisco City & County Airport Comm-San Franc5.250% 05/01/20420.1%
Genesee County Funding Corp/The5.250% 12/01/20520.1%
Massachusetts Development Finance Agency5.000% 07/01/20480.1%
New York State Dormitory Authority3.000% 03/15/20500.1%
Montana Facility Finance Authority5.000% 07/01/20430.1%
Pennsylvania Economic Development Financing Author3.000% 10/15/20380.1%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit5.000% 07/01/20300.1%
Berks County Industrial Development Authority5.000% 11/01/20360.1%
City of Los Angeles Department of Airports5.000% 05/15/20410.1%
City & County of Denver CO Airport System Revenue4.000% 12/01/20480.1%
City of Atlanta GA Airport Passenger Facility Char5.000% 01/01/20310.1%
Los Angeles Unified School District/CA4.000% 07/01/20320.1%
Main Street Natural Gas Inc5.000% 05/15/20380.1%
Salt Verde Financial Corp5.250% 12/01/20270.1%
State of California5.000% 08/01/20380.1%
Greenville Health System5.000% 05/01/20340.1%
Lower Colorado River Authority5.000% 05/15/20510.1%
Washington Health Care Facilities Authority5.000% 07/01/20380.1%
California Infrastructure & Economic Development B4.000% 07/01/20500.1%
Maricopa County Pollution Control Corp3.600% 04/01/20400.1%
Massachusetts Development Finance Agency5.000% 07/01/20320.1%
Municipal Electric Authority of Georgia5.000% 01/01/20560.1%
Oklahoma Development Finance Authority4.000% 08/15/20480.1%
New York State Dormitory Authority3.000% 03/15/20410.1%
North Carolina Turnpike Authority4.000% 01/01/20550.1%
Port Authority of New York & New Jersey5.250% 10/15/20550.1%
Union County Utilities Authority4.750% 12/01/20310.1%
Virginia Small Business Financing Authority4.000% 01/01/20400.1%
Alameda Corridor Transportation Authority5.000% 10/01/20340.1%
County of Cook IL Sales Tax Revenue4.000% 11/15/20340.1%
Montgomery County Higher Education and Health Auth4.000% 09/01/20490.1%
State of Connecticut Special Tax Revenue5.000% 08/01/20340.1%
County of Jefferson AL Sewer Revenue0.000% 10/01/20270.1%
Gainesville & Hall County Hospital Authority5.000% 02/15/20300.1%
New York State Dormitory Authority5.000% 07/15/20420.1%
Chicago Transit Authority Sales Tax Receipts Fund4.000% 12/01/20550.1%
New York State Dormitory Authority3.000% 07/01/20450.1%
Virginia Small Business Financing Authority4.000% 01/01/20450.1%
County of Jefferson AL Sewer Revenue5.500% 10/01/20530.1%
Iowa Higher Education Loan Authority5.000% 10/01/20400.1%
Michigan Finance Authority4.000% 06/01/20490.1%
New Jersey Transportation Trust Fund Authority5.000% 12/15/20360.1%
New Jersey Transportation Trust Fund Authority5.000% 06/15/20350.1%
Pennsylvania Turnpike Commission5.000% 12/01/20440.1%
E-470 Public Highway Authority0.000% 09/01/20370.1%
Port Beaumont Navigation District3.000% 01/01/20500.1%
California Health Facilities Financing Authority4.000% 04/01/20450.1%
Illinois Sports Facilities Authority/The5.000% 06/15/20270.1%
Parish of St James LA6.350% 07/01/20400.1%
Parish of St James LA6.100% 12/01/20400.1%
State of Illinois5.000% 01/01/20410.1%
West Pace Cooperative District0.000% 05/01/20390.1%
Chicago Board of Education5.000% 12/01/20460.1%
New Jersey Economic Development Authority6.000% 10/01/20430.1%
Railsplitter Tobacco Settlement Authority5.000% 06/01/20270.1%
Berks County Industrial Development Authority4.000% 11/01/20380.1%
Chicago O'Hare International Airport5.000% 07/01/20480.1%
City of Philadelphia PA5.000% 08/01/20370.1%
City of Philadelphia PA Water & Wastewater Revenue5.000% 07/01/20300.1%
New York City Industrial Development Agency4.000% 03/01/20450.1%
Triborough Bridge & Tunnel Authority5.000% 05/15/20520.1%
California Municipal Finance Authority4.000% 12/31/20470.1%
City of Chicago IL Waterworks Revenue5.000% 11/01/20390.1%
State of Connecticut Bradley International Airport5.000% 07/01/20490.1%
Fort Bend County Industrial Development Corp4.750% 05/01/20380.1%
Michigan Finance Authority4.000% 11/01/20480.1%
Development Authority of Burke County/The4.125% 11/01/20450.1%
Pennsylvania Turnpike Commission4.000% 12/01/20380.1%
Spring Valley Community Infrastructure District No3.750% 09/01/20510.1%
California Statewide Communities Development Autho5.500% 12/01/20580.1%
CSCDA Community Improvement Authority3.125% 08/01/20560.1%
Metropolitan Washington Airports Authority Aviatio5.000% 10/01/20270.1%
New York Transportation Development Corp5.000% 12/01/20420.1%
Allentown Neighborhood Improvement Zone Developmen5.250% 05/01/20420.1%
Casino Reinvestment Development Authority Inc5.250% 11/01/20390.1%
Indiana Finance Authority3.000% 11/01/20300.1%
Main Street Natural Gas Inc5.000% 05/15/20430.1%
Massachusetts Port Authority5.000% 07/01/20450.1%
New Jersey Transportation Trust Fund Authority0.000% 12/15/20380.1%
New York Transportation Development Corp5.000% 01/01/20300.1%
Pennsylvania Higher Educational Facilities Authori4.000% 05/01/20410.1%
New York State Dormitory Authority5.000% 08/01/20280.1%
Ohio Air Quality Development Authority3.250% 09/01/20290.1%
TSASC Inc/NY5.000% 06/01/20230.1%
San Antonio Water System5.000% 05/15/20500.1%
State of Connecticut Bradley International Airport4.000% 07/01/20490.1%
City of Chicago IL Waterworks Revenue5.000% 11/01/20360.1%
New York State Dormitory Authority4.000% 07/01/20470.1%
Foothill-Eastern Transportation Corridor Agency0.000% 01/15/20330.1%
Main Street Natural Gas Inc5.000% 05/15/20370.1%
New York State Dormitory Authority4.000% 07/01/20520.1%
San Francisco City & County Airport Comm-San Franc5.000% 05/01/20520.1%
Tuscaloosa County Industrial Development Authority4.500% 05/01/20320.1%
City of Chicago IL5.000% 01/01/20290.1%
Colorado Health Facilities Authority5.000% 08/01/20440.1%
New Jersey Transportation Trust Fund Authority5.000% 06/15/20300.1%
State of Connecticut Special Tax Revenue4.000% 05/01/20390.1%
New York Transportation Development Corp4.000% 01/01/20360.1%
Allegheny County Hospital Development Authority4.000% 04/01/20370.1%
City of New York NY5.500% 05/01/20460.1%
Antelope Valley Healthcare District5.000% 03/01/20410.1%
Hospitals & Higher Education Facilities Authority5.000% 07/01/20330.1%
Lower Colorado River Authority5.000% 05/15/20400.1%
State of Illinois5.000% 03/01/20370.1%
Duluth Economic Development Authority5.250% 02/15/20530.1%
Eagle County Airport Terminal Corp5.000% 05/01/20410.1%
Illinois Finance Authority4.000% 09/01/20390.1%
Iowa Higher Education Loan Authority5.000% 10/01/20390.1%
Pennsylvania Higher Educational Facilities Authori4.000% 08/15/20440.1%
Development Authority of Burke County/The4.125% 11/01/20450.1%
Kansas City Industrial Development Authority4.000% 03/01/20360.1%
Metropolitan Transportation Authority5.000% 11/15/20450.1%
New York City Transitional Finance Authority Futur4.000% 05/01/20370.1%
Phenix City Industrial Development Board3.625% 05/15/20300.1%
State of California5.000% 04/01/20320.1%
Wayne County Airport Authority5.000% 12/01/20460.1%
California School Finance Authority4.000% 08/01/20610.1%
Parish of St John the Baptist LA2.375% 06/01/20370.1%
State of Hawaii Department of Budget & Finance4.000% 03/01/20370.1%
Chicago Transit Authority Sales Tax Receipts Fund5.000% 12/01/20460.1%
Illinois Finance Authority4.000% 09/01/20370.1%
Norman Y Mineta San Jose International Airport SJC5.000% 03/01/20470.1%
Puerto Rico Electric Power Authority0.000% 07/01/20310.1%
State of Illinois5.000% 03/01/20350.1%
Iowa Higher Education Loan Authority5.000% 10/01/20380.1%
New Jersey Transportation Trust Fund Authority5.000% 06/15/20500.1%
Phenix City Industrial Development Board4.125% 05/15/20350.1%
St Louis Municipal Finance Corp5.000% 10/01/20490.1%
State of Illinois5.750% 05/01/20450.1%
Texas Private Activity Bond Surface Transportation4.000% 06/30/20370.1%
Atlanta Urban Redevelopment Agency3.875% 07/01/20510.1%
E-470 Public Highway Authority0.000% 09/01/20320.1%
Massachusetts Development Finance Agency5.000% 07/01/20390.1%
New Jersey Transportation Trust Fund Authority5.000% 06/15/20340.1%
California Pollution Control Financing Authority5.000% 11/21/20450.1%
Golden State Tobacco Securitization Corp5.000% 06/01/20290.1%
Love Field Airport Modernization Corp5.000% 11/01/20280.1%
Lower Alabama Gas District/The5.000% 09/01/20310.1%
New York State Environmental Facilities Corp3.125% 12/01/20440.1%
Niagara Frontier Transportation Authority5.000% 04/01/20250.1%
City of Chicago IL5.500% 01/01/20370.1%
New York City Industrial Development Agency3.000% 01/01/20460.1%
New York State Thruway Authority4.000% 01/01/20510.1%
Parish of St James LA6.350% 10/01/20400.1%
Main Street Natural Gas Inc4.000% 03/01/20500.1%
Public Finance Authority6.500% 12/01/20370.1%
St Louis Municipal Finance Corp5.000% 10/01/20450.1%
West Virginia Economic Development Authority3.000% 06/01/20370.1%
City of Chicago IL Waterworks Revenue5.000% 11/01/20370.1%
River Islands Public Financing Authority5.250% 09/01/20520.1%
Texas Transportation Commission State Highway 2495.000% 08/01/20570.1%
Virginia Small Business Financing Authority5.000% 01/01/20330.1%
Wilkes-Barre Area School District/PA5.000% 04/15/20590.1%
Columbia Industrial Development Board1.950% 12/01/20370.1%
Maryland Economic Development Corp5.250% 06/30/20520.1%
Antelope Valley Healthcare District5.000% 03/01/20460.1%
County of Muskingum OH5.000% 02/15/20440.1%
California Pollution Control Financing Authority4.300% 07/01/20400.1%
County of Miami-Dade FL Aviation Revenue5.000% 10/01/20290.1%
Berks County Municipal Authority/The5.000% 02/01/20400.1%
California Community Choice Financing Authority4.000% 02/01/20520.1%
City of Chicago IL5.000% 01/01/20300.1%
CSCDA Community Improvement Authority4.000% 12/01/20560.1%
Louisiana Public Facilities Authority5.000% 07/01/20590.1%
Port Beaumont Navigation District4.000% 01/01/20500.1%
California Infrastructure & Economic Development B5.000% 11/01/20410.1%
City of Baltimore MD5.000% 07/01/20320.1%
City of Chicago IL5.500% 01/01/20400.1%
New Jersey Transportation Trust Fund Authority5.000% 06/15/20310.1%
New York Transportation Development Corp5.000% 01/01/20290.1%
Southern California Public Power Authority3.039% 11/01/20380.1%
State of Connecticut Special Tax Revenue4.000% 05/01/20360.1%
State of Illinois4.000% 11/01/20440.1%
Vermont Student Assistance Corp3.375% 06/15/20360.1%
City & County of Denver CO Airport System Revenue4.000% 12/01/20430.1%
Eagle County Airport Terminal Corp5.000% 05/01/20330.1%
Michigan Strategic Fund5.000% 06/30/20480.1%
Southeast Alabama Gas Supply District/The4.000% 04/01/20490.1%
State of Illinois4.000% 10/01/20330.1%
City of Chicago IL5.500% 01/01/20340.1%
City of Houston TX Airport System Revenue6.625% 07/15/20380.1%
New York State Dormitory Authority5.500% 01/01/20390.1%
Michigan Strategic Fund4.250% 12/31/20380.1%
Niagara Area Development Corp3.500% 11/01/20240.1%
California Statewide Communities Development Autho4.000% 12/01/20570.1%
Metropolitan Washington Airports Authority Dulles0.000% 10/01/20370.1%
State of Illinois4.000% 10/01/20380.1%
Florida Development Finance Corp4.000% 02/01/20460.1%
Guam Government Waterworks Authority5.000% 01/01/20500.1%
Metropolitan Pier & Exposition Authority0.000% 12/15/20320.1%
Tobacco Settlement Financing Corp/LA5.250% 05/15/20350.1%
City of Chicago IL5.500% 01/01/20330.1%
Commonwealth of Pennsylvania4.000% 07/01/20460.1%
County of Cook IL5.000% 11/15/20310.1%
Massachusetts Development Finance Agency5.000% 06/01/20390.1%
M-S-R Energy Authority6.125% 11/01/20290.1%
Ohio Air Quality Development Authority2.500% 08/01/20400.1%
California Pollution Control Financing Authority5.000% 07/01/20390.1%
Maryland Health & Higher Educational Facilities Au5.000% 07/01/20380.1%
New Jersey Economic Development Authority6.500% 04/01/20280.1%
New York Transportation Development Corp5.000% 01/01/20360.1%
Palm Beach County Health Facilities Authority5.000% 05/15/20530.1%
Public Finance Authority5.250% 10/01/20380.1%
School District of Philadelphia/The4.000% 09/01/20380.1%
City of Atlanta GA Airport Passenger Facility Char4.000% 07/01/20390.1%
Ontario International Airport Authority5.000% 05/15/20460.1%
Chicago Board of Education5.000% 12/01/20300.1%
Florida Development Finance Corp5.000% 06/15/20500.1%
Main Street Natural Gas Inc5.000% 05/15/20350.1%
New Jersey Transportation Trust Fund Authority4.000% 12/15/20310.1%
State of Alabama Docks Department5.000% 10/01/20340.1%
Chicago Board of Education5.000% 12/01/20290.1%
City of Miami Beach FL Parking Revenue5.000% 09/01/20400.1%
New York Transportation Development Corp4.000% 07/01/20460.1%
Philadelphia Gas Works Co5.000% 08/01/20290.1%
State of Alabama Docks Department5.000% 10/01/20350.1%
Florida Higher Educational Facilities Financial Au5.000% 04/01/20360.1%
Massachusetts Development Finance Agency5.000% 07/01/20310.1%
Pennsylvania Turnpike Commission3.000% 12/01/20420.1%
Riverside County Transportation Commission4.000% 06/01/20400.1%
Texas Private Activity Bond Surface Transportation4.000% 12/31/20370.1%
Tobacco Securitization Authority of Northern Calif4.000% 06/01/20490.1%
Chicago Board of Education5.000% 12/01/20460.1%
City of Valparaiso IN7.000% 01/01/20440.1%
Illinois Finance Authority5.000% 09/01/20400.1%
Michigan Finance Authority5.000% 07/01/20340.1%
New York City Transitional Finance Authority Futur1.890% 02/01/20450.1%
Puerto Rico Highway & Transportation Authority5.500% 07/01/20250.1%
Trust for Cultural Resources of The City of New Yo4.000% 12/01/20330.1%
Village Community Development District No 133.250% 05/01/20520.1%
Chicago Board of Education5.000% 12/01/20270.1%
City of Atlanta GA Airport Passenger Facility Char5.000% 01/01/20280.1%
Metropolitan Washington Airports Authority Aviatio5.000% 10/01/20280.1%
Minneapolis-St Paul Metropolitan Airports Commissi5.000% 01/01/20310.1%
Municipal Electric Authority of Georgia5.000% 01/01/20590.1%
Port of Portland OR Airport Revenue5.000% 07/01/20390.1%
Board of Managers Joint Guadalupe County-City of S5.000% 12/01/20450.1%
California Health Facilities Financing Authority4.000% 11/15/20420.1%
Casino Reinvestment Development Authority Inc5.250% 11/01/20440.1%
City of Whiting IN3.000% 11/01/20510.1%
Clark County School District4.000% 06/15/20400.1%
Lower Alabama Gas District/The4.000% 12/01/20500.1%
Massachusetts Development Finance Agency4.000% 07/01/20350.1%
New York Transportation Development Corp5.000% 12/01/20350.1%
Puerto Rico Highway & Transportation Authority5.250% 07/01/20320.1%
State of Illinois4.000% 10/01/20320.1%
Commonwealth of Puerto Rico4.000% 07/01/20330.1%
District of Columbia5.000% 06/01/20410.1%
Municipal Electric Authority of Georgia5.000% 01/01/20330.1%
State of Connecticut3.000% 06/01/20390.1%
Selma Industrial Development Board2.000% 11/01/20330.1%
Allentown Neighborhood Improvement Zone Developmen5.000% 05/01/20320.1%
Colorado Health Facilities Authority4.000% 08/01/20380.1%
Iowa Tobacco Settlement Authority4.000% 06/01/20490.1%
Massachusetts Development Finance Agency4.000% 06/01/20350.1%
California Statewide Communities Development Autho5.250% 11/15/20340.1%
Chicago Board of Education5.000% 12/01/20330.1%
Chicago Board of Education5.000% 04/01/20420.1%
Chicago Transit Authority Sales Tax Receipts Fund5.000% 12/01/20550.1%
City of Chicago IL Waterworks Revenue5.000% 11/01/20360.1%
Iowa Higher Education Loan Authority5.000% 10/01/20470.1%
Maricopa County Industrial Development Authority4.000% 10/15/20470.1%
Maryland Economic Development Corp4.000% 09/01/20400.1%
Ohio Air Quality Development Authority2.600% 06/01/20410.1%
State of Connecticut5.000% 04/15/20390.1%
Trust for Cultural Resources of The City of New Yo4.000% 12/01/20350.1%
Chicago Board of Education5.000% 12/01/20440.0%
New Jersey Transportation Trust Fund Authority0.000% 12/15/20370.0%
Triborough Bridge & Tunnel Authority5.000% 11/15/20420.0%
Wayne County Airport Authority5.000% 12/01/20390.0%
California School Finance Authority5.000% 08/01/20480.0%
Commonwealth of Puerto Rico5.250% 07/01/20230.0%
New Jersey Economic Development Authority4.750% 06/15/20310.0%
New Jersey Turnpike Authority4.000% 01/01/20330.0%
Parish of St John the Baptist LA2.200% 06/01/20370.0%
State of Connecticut3.000% 06/01/20380.0%
Massachusetts Development Finance Agency5.000% 07/01/20340.0%
Massachusetts Development Finance Agency4.000% 10/01/20450.0%
Adelanto Public Utility Authority5.000% 07/01/20390.0%
Atlanta Urban Redevelopment Agency3.625% 07/01/20420.0%
Nassau County Local Economic Assistance Corp5.000% 07/01/20310.0%
New Jersey Economic Development Authority5.500% 06/15/20310.0%
New York Transportation Development Corp5.375% 08/01/20360.0%
Central Texas Regional Mobility Authority5.000% 01/01/20460.0%
Indiana Finance Authority4.125% 12/01/20260.0%
Massachusetts Development Finance Agency5.000% 07/01/20300.0%
Matching Fund Special Purpose Securitization Corp5.000% 10/01/20320.0%
New York Transportation Development Corp5.000% 12/01/20370.0%
Philadelphia Gas Works Co5.000% 08/01/20300.0%
Rancho Cucamonga Redevelopment Agency Successor Ag5.000% 09/01/20300.0%
Florida Higher Educational Facilities Financial Au5.000% 04/01/20330.0%
New Jersey Higher Education Student Assistance Aut3.750% 12/01/20310.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 07/01/20330.0%
Tobacco Securitization Authority of Southern Calif5.000% 06/01/20480.0%
California School Finance Authority5.000% 08/01/20450.0%
Florida Development Finance Corp5.000% 06/15/20550.0%
Gramercy Farms Community Development District0.000% 05/01/20390.0%
Massachusetts Port Authority5.000% 07/01/20400.0%
Ohio Air Quality Development Authority2.400% 12/01/20380.0%
Chicago Board of Education5.000% 12/01/20390.0%
County of Baltimore MD4.000% 01/01/20500.0%
Dutchess County Local Development Corp5.000% 07/01/20510.0%
Rancho Cucamonga Redevelopment Agency Successor Ag5.000% 09/01/20310.0%
Toledo-Lucas County Port Authority5.000% 07/01/20390.0%
New Hampshire Business Finance Authority4.625% 11/01/20420.0%
New York Transportation Development Corp5.000% 12/01/20370.0%
Niagara Area Development Corp5.000% 07/01/20520.0%
Pennsylvania Turnpike Commission4.000% 12/01/20430.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 07/01/20310.0%
State of Connecticut3.000% 06/01/20400.0%
Trust for Cultural Resources of The City of New Yo5.000% 12/01/20310.0%
TSASC Inc/NY5.000% 06/01/20350.0%
California Municipal Finance Authority5.000% 06/01/20500.0%
North Carolina Turnpike Authority5.000% 01/01/20320.0%
Transbay Joint Powers Authority5.000% 10/01/20490.0%
New Jersey Transportation Trust Fund Authority0.000% 12/15/20310.0%
New York State Dormitory Authority5.000% 12/01/20310.0%
New York State Dormitory Authority4.000% 08/01/20360.0%
State of Connecticut5.000% 06/15/20320.0%
State of Connecticut5.000% 06/15/20330.0%
State of Illinois4.000% 11/01/20430.0%
Territory of Guam4.000% 01/01/20420.0%
Chicago Board of Education7.000% 12/01/20460.0%
Chicago Board of Education5.000% 12/01/20320.0%
Compton Community Redevelopment Agency Successor A5.000% 08/01/20420.0%
Maryland Health & Higher Educational Facilities Au5.000% 07/01/20360.0%
New Jersey Economic Development Authority5.000% 06/15/20360.0%
Texas Private Activity Bond Surface Transportation4.000% 12/31/20380.0%
Massachusetts Development Finance Agency5.000% 07/01/20330.0%
New York State Dormitory Authority5.000% 12/01/20400.0%
Public Finance Authority5.000% 12/01/20270.0%
Texas Private Activity Bond Surface Transportation4.000% 06/30/20390.0%
Chicago Board of Education0.000% 12/01/20300.0%
Grand River Hospital District5.250% 12/01/20370.0%
Metropolitan Pier & Exposition Authority0.000% 06/15/20450.0%
Public Finance Authority4.000% 07/01/20460.0%
School District of Philadelphia/The5.000% 09/01/20370.0%
State of Connecticut5.000% 04/15/20360.0%
Wayne County Airport Authority5.000% 12/01/20420.0%
Clark County School District4.000% 06/15/20380.0%
County of Lincoln SD4.000% 08/01/20510.0%
New York State Environmental Facilities Corp2.750% 09/01/20500.0%
Public Finance Authority6.850% 10/01/20470.0%
Chicago Board of Education6.500% 12/01/20460.0%
County of Miami-Dade FL Rickenbacker Causeway Reve5.000% 10/01/20320.0%
New York State Dormitory Authority5.000% 08/01/20330.0%
New York State Energy Research & Development Autho3.500% 10/01/20290.0%
North Carolina Turnpike Authority5.000% 01/01/20430.0%
Public Finance Authority5.000% 11/15/20410.0%
Crawford County Hospital Authority6.000% 06/01/20510.0%
Hoover Industrial Development Board5.750% 10/01/20490.0%
Maricopa County Industrial Development Authority5.000% 07/01/20490.0%
Nassau County Tobacco Settlement Corp0.000% 06/01/20600.0%
New Hampshire Business Finance Authority3.750% 07/01/20450.0%
New York Transportation Development Corp5.000% 12/01/20250.0%
Michigan Tobacco Settlement Finance Authority0.000% 06/01/20580.0%
Nassau County Local Economic Assistance Corp5.000% 07/01/20340.0%
Paducah Electric Plant Board5.000% 10/01/20330.0%
Paducah Electric Plant Board5.000% 10/01/20340.0%
Paducah Electric Plant Board5.000% 10/01/20350.0%
Chicago O'Hare International Airport5.000% 01/01/20480.0%
City of Norfolk VA Water Revenue5.250% 11/01/20280.0%
County of Cook IL5.000% 11/15/20300.0%
County of Cook IL5.000% 11/15/20350.0%
Grand River Hospital District5.250% 12/01/20340.0%
Grand River Hospital District5.250% 12/01/20350.0%
New York Transportation Development Corp5.000% 12/01/20350.0%
State of Connecticut5.000% 06/15/20380.0%
Texas Private Activity Bond Surface Transportation4.000% 06/30/20400.0%
Transbay Joint Powers Authority5.000% 10/01/20450.0%
Chicago Board of Education5.000% 12/01/20310.0%
Chicago Board of Education5.000% 12/01/20360.0%
City of Grand Forks ND4.000% 12/01/20460.0%
City of Oroville CA5.250% 04/01/20390.0%
County of Osceola FL Transportation Revenue5.000% 10/01/20390.0%
Hospitals & Higher Education Facilities Authority5.000% 07/01/20310.0%
Hospitals & Higher Education Facilities Authority5.000% 07/01/20320.0%
Montgomery County Industrial Development Authority5.375% 01/01/20500.0%
New York City Transitional Finance Authority Futur5.000% 02/01/20360.0%
New York State Dormitory Authority5.000% 08/01/20340.0%
New York State Dormitory Authority5.000% 08/01/20350.0%
New York Transportation Development Corp5.250% 08/01/20310.0%
Parish of St James LA5.850% 08/01/20410.0%
Public Finance Authority4.300% 11/01/20300.0%
School District of Philadelphia/The5.000% 09/01/20380.0%
Tobacco Securitization Authority of Northern Calif4.000% 06/01/20360.0%
Tobacco Settlement Financing Corp5.000% 06/01/20330.0%
Capital Trust Agency Inc5.000% 12/15/20490.0%
Capital Trust Agency Inc5.000% 12/15/20540.0%
Central Texas Turnpike System5.000% 08/15/20370.0%
City of Oroville CA5.250% 04/01/20540.0%
Clifton Higher Education Finance Corp6.000% 08/15/20430.0%
County of Cuyahoga OH5.000% 02/15/20570.0%
Dutchess County Local Development Corp5.000% 07/01/20450.0%
Eagle County Airport Terminal Corp5.000% 05/01/20370.0%
Industrial Development Authority of the City of Ph5.000% 07/01/20370.0%
Massachusetts School Building Authority4.000% 02/15/20430.0%
Nassau County Local Economic Assistance Corp5.000% 07/01/20290.0%
New York City Transitional Finance Authority Futur4.000% 08/01/20420.0%
New York State Dormitory Authority5.000% 12/01/20360.0%
New York State Dormitory Authority5.000% 12/01/20370.0%
Niagara Frontier Transportation Authority5.000% 04/01/20260.0%
Public Finance Authority5.250% 10/01/20430.0%
State of Connecticut4.000% 06/01/20370.0%
Texas Private Activity Bond Surface Transportation4.000% 06/30/20380.0%
Texas Private Activity Bond Surface Transportation4.000% 12/31/20390.0%
Tobacco Securitization Authority of Northern Calif4.000% 06/01/20340.0%
Village Community Development District No 133.000% 05/01/20410.0%
Chicago Midway International Airport4.000% 01/01/20340.0%
Commonwealth of Puerto Rico0.000% 11/01/20430.0%
Crawford County Hospital Authority6.000% 06/01/20460.0%
Maricopa County Industrial Development Authority5.000% 07/01/20540.0%
New York City Transitional Finance Authority Futur4.000% 05/01/20440.0%
North Carolina Turnpike Authority4.000% 01/01/20380.0%
Public Finance Authority4.000% 07/01/20560.0%
State of Connecticut4.000% 06/15/20370.0%
Tobacco Securitization Authority of Northern Calif4.000% 06/01/20380.0%
Tobacco Securitization Authority of Northern Calif4.000% 06/01/20400.0%
Toledo-Lucas County Port Authority5.000% 07/01/20340.0%
Toledo-Lucas County Port Authority5.000% 07/01/20460.0%
Utah Charter School Finance Authority4.000% 10/15/20510.0%
City of Cleveland OH Airport System Revenue5.000% 01/01/20310.0%
Commonwealth of Puerto Rico4.000% 07/01/20350.0%
Indiana Finance Authority3.000% 11/01/20300.0%
Metropolitan Pier & Exposition Authority5.000% 06/15/20530.0%
New York City Industrial Development Agency3.000% 01/01/20340.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 07/01/20290.0%
Illinois Sports Facilities Authority/The5.000% 06/15/20280.0%
Indiana Finance Authority2.500% 11/01/20300.0%
Virginia Small Business Financing Authority5.000% 01/01/20480.0%
Dallas Fort Worth International Airport5.000% 11/01/20300.0%
County of Jefferson AL Sewer Revenue0.000% 10/01/20260.0%
State of Alabama Docks Department5.000% 10/01/20360.0%
Wisconsin Health & Educational Facilities Authorit5.375% 02/01/20480.0%
CSCDA Community Improvement Authority4.000% 09/01/20460.0%
Maryland Economic Development Corp5.000% 06/01/20490.0%
Michigan Finance Authority5.000% 09/01/20500.0%
Norman Y Mineta San Jose International Airport SJC5.000% 03/01/20470.0%
Louisiana Public Facilities Authority4.000% 04/01/20500.0%
New York State Urban Development Corp5.000% 03/15/20330.0%
Pennsylvania Turnpike Commission5.000% 12/01/20390.0%
State of Connecticut4.000% 06/01/20380.0%
Stockton Unified School District5.000% 07/01/20280.0%
City of Sparks NV2.750% 06/15/20280.0%
Denver Health & Hospital Authority5.250% 12/01/20450.0%
Puerto Rico Electric Power Authority0.000% 07/01/20280.0%
Regents of the University of California Medical Ce5.250% 05/15/20380.0%
California Municipal Finance Authority5.250% 08/15/20390.0%
State of Connecticut4.000% 06/01/20390.0%
City of Chicago IL5.625% 01/01/20300.0%
County of Miami-Dade FL Rickenbacker Causeway Reve5.000% 10/01/20300.0%
Minneapolis-St Paul Metropolitan Airports Commissi5.000% 01/01/20270.0%
Nassau County Local Economic Assistance Corp5.000% 07/01/20300.0%
New Hampshire Business Finance Authority3.625% 07/01/20430.0%
New York City Transitional Finance Authority Build5.000% 07/15/20350.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 07/01/20510.0%
Berks County Municipal Authority/The5.000% 02/01/20400.0%
Casitas Municipal Water District5.250% 09/01/20470.0%
County of Cook IL5.000% 11/15/20340.0%
Irvine Unified School District5.000% 09/01/20560.0%
Metropolitan Pier & Exposition Authority0.000% 06/15/20460.0%
Miami-Dade County Expressway Authority5.000% 07/01/20280.0%
Sweetwater Union High School District5.000% 08/01/20270.0%
City of Irvine CA5.000% 09/01/20440.0%
Connecticut State Health & Educational Facilities5.000% 07/01/20280.0%
County of Miami-Dade FL Rickenbacker Causeway Reve5.000% 10/01/20290.0%
Industrial Pollution Control Financing Authority o5.000% 12/01/20240.0%
Michigan Finance Authority4.800% 09/01/20400.0%
New York City Municipal Water Finance Authority5.000% 06/15/20360.0%
Public Finance Authority4.050% 11/01/20300.0%
Tobacco Settlement Authority5.250% 06/01/20320.0%
Commonwealth of Puerto Rico5.625% 07/01/20270.0%
Commonwealth of Puerto Rico5.625% 07/01/20290.0%
Commonwealth of Puerto Rico5.750% 07/01/20310.0%
Maryland Economic Development Corp5.000% 06/01/20440.0%
County of Jefferson AL Sewer Revenue0.000% 10/01/20390.0%
Build NYC Resource Corp5.000% 06/01/20340.0%
Michigan Finance Authority4.300% 09/01/20300.0%
Stone Canyon Community Improvement District0.000% 04/01/20270.0%
Clifton Higher Education Finance Corp5.000% 08/15/20420.0%
Puerto Rico Electric Power Authority4.250% 07/01/20270.0%
New York State Dormitory Authority5.000% 05/01/20290.0%
North Texas Tollway Authority5.000% 01/01/20310.0%
California County Tobacco Securitization Agency5.000% 06/01/20490.0%
Puerto Rico Electric Power Authority0.000% 07/01/20280.0%
City of Sparks NV2.500% 06/15/20240.0%
Miami-Dade County Expressway Authority5.000% 07/01/20270.0%
New Jersey Health Care Facilities Financing Author5.000% 07/01/20290.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.550% 07/01/20400.0%
Commonwealth of Puerto Rico0.000% 07/01/20240.0%
Westchester County Healthcare Corp/NY6.000% 11/01/20300.0%
Commonwealth of Puerto Rico0.000% 11/01/20510.0%
Commonwealth of Puerto Rico0.000% 07/01/20330.0%
Middlesex County Improvement Authority0.000% 01/01/20250.0%
Middlesex County Improvement Authority0.000% 01/01/20370.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.536% 07/01/20530.0%
Westchester County Healthcare Corp/NY6.125% 11/01/20370.0%
Gramercy Farms Community Development District0.000% 05/01/20390.0%
School District of Philadelphia/The5.000% 09/01/20380.0%
Tobacco Settlement Financing Corp3.200% 06/01/20270.0%
USU2 - Futures0.000% 01/01/19000.0%

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 09/23/2022
$0.151
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 08/31/2022 $0.02003 $10.37
Daily Daily 07/31/2022 $0.01994 $10.68
Daily Daily 06/30/2022 $0.02020 $10.37
Daily Daily 05/31/2022 $0.01911 $10.74
Daily Daily 04/30/2022 $0.01904 $10.62
Daily Daily 03/31/2022 $0.01739 $11.09
Daily Daily 02/28/2022 $0.01912 $11.57
Daily Daily 01/31/2022 $0.01699 $11.71

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 09/30/2022
Daily Daily 10/31/2022
Daily Daily 11/30/2022
Daily Daily 12/31/2022

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/10/1998 12/18/1998 - - $0.1900 $11.76
*

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
12/21/2022 12/22/2022

Fees & Expenses

Fees & Expenses

Expense Ratioas of 08/31/2022

1.36%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Publish Date:11/03/2015
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Publish Date:11/03/2015
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Publish Date:11/03/2015
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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 yields reflect 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

 

*"Barron's Best Fund Families of 2021", #7 ranking in the Tax Exempt Bond category based on the net total return of the one-year period ending 12/31/2021, among 51 qualifying fund families.  Ranking for the ten-year period ending 12/31/2021 is #4 out of 45 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2021,” February 18, 2022. Barron’s rankings are based on asset weighted returns in funds in five categories: general equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2021, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well.

Barron's Fund Family Rankings are awarded annually.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2022. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

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.

Select funds to run a Morningstar Hypothetical Report.

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