National Tax Free Fund

LTNSX

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Daily price w/o sales charge as of 01/22/2020

$11.95

$0.01

YTD Returns w/o sales charge as of 01/22/2020

1.40%

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

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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 01/22/2020

w/o sales charge

2.22%

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

1.17%

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

Fund Basicsas of 12/31/2019

Total Net Assets: $3.20 B
Inception Date: 07/15/1996
Dividend Frequency: Monthly
Fund Gross Expense Ratio: 1.39%
Fund Net Expense Ratio: 1.37%
Number of Holdings: 795
Minimum Initial Investment: $1,000+

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 07/15/1996

w/o sales charge	8.60%	8.60%	5.00%	3.44%	4.61%	4.20%
Lipper Category Avg. General & Insured Municipal Debt Funds	7.61%	7.61%	4.52%	3.31%	4.27%	-
Bloomberg Barclays Municipal Bond Index	7.54%	7.54%	4.72%	3.53%	4.34%	-

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 07/15/1996

w/o sales charge	8.60%	8.60%	5.00%	3.44%	4.61%	4.20%
Lipper Category Avg. General & Insured Municipal Debt Funds	7.61%	7.61%	4.52%	3.31%	4.27%	-
Bloomberg Barclays Municipal Bond Index	7.54%	7.54%	4.72%	3.53%	4.34%	-

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Credit Quality Distribution as of 12/31/2019 View Portfolio

Rating	Assets
AAA
AA
A
BBB
< BBB
Not Rated

Ratings provided by Standard & Poor’s, Moody’s, and Fitch. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating.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, CFA

Partner & Director

33 Years of Industry Experience

Gregory M. Shuman, CFA

Portfolio Manager

10 Years of Industry Experience

Supported By 15 Investment Professionals with 14 Years Avg. Industry Experience

Contact a Representative

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Performance

Dividend Yield ¹ as of 01/22/2020

w/o sales charge

2.22%

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

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	1.17%	1.17%

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

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 07/15/1996

w/o sales charge	8.60%	8.60%	5.00%	3.44%	4.61%	4.20%
Lipper Category Avg. General & Insured Municipal Debt Funds	7.61%	7.61%	4.52%	3.31%	4.27%	-
Bloomberg Barclays Municipal Bond Index	7.54%	7.54%	4.72%	3.53%	4.34%	-

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 07/15/1996

w/o sales charge	8.60%	8.60%	5.00%	3.44%	4.61%	4.20%
Lipper Category Avg. General & Insured Municipal Debt Funds	7.61%	7.61%	4.52%	3.31%	4.27%	-
Bloomberg Barclays Municipal Bond Index	7.54%	7.54%	4.72%	3.53%	4.34%	-

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Year	Fund Returns	Bloomberg Barclays Municipal Bond Index

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%	10.70%
2010	1.49%	2.38%
2009	23.82%	-
2008	-15.90%	-
2007	-2.06%	-
2006	3.98%	-
2005	3.01%	-
2004	3.15%	-
2003	4.01%	-
2002	8.18%	-
2001	3.47%	-
2000	11.97%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2020	-	-	-	-	1.40%
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

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

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

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

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

State	Assets
CA
IL
NY
PA
NJ
TX
FL
CT
MA
MD
OH
AZ
GA
AL
MI
HI
NC
KY
Puerto Rico
NE
CO
VA
MN
IN
LA
MO
NV
SC
WI
DIST. OF COLUMBIA
TN
OK
ME
WY
OR
WA
MT
DE
NH
WV
AR
OT
IA
VT
DC
ND
NM
KS

Credit Quality Distribution as of 12/31/2019

Rating	Assets
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Positioning as of 12/31/2019

Relative to its benchmark, the Bloomberg Barclays Municipal Bond Index, the portfolio is underweight bonds in the 1- to 12-year maturity range, while maintaining an overweight to longer maturity bonds.
The portfolio continues to maintain an overweight in revenue bonds, specifically in the transportation, health care, and industrial development sectors, given their dedicated income streams and favorable return prospects.
The portfolio continues to maintain an overweight in lower tier investment grade bonds due to the incremental yield advantage and relatively attractive credit spreads.

Portfolio Details as of 12/31/2019

Total Net Assets: $3.20 B
Number of Issues: 795
Average Coupon: 4.6%
Average Effective Maturity: 19.9 Years
Average Effective Duration: 7.08 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

Texas Surface Transportation Corp - NTE Mobility Partners	5.000%	06/30/2058	0.9%
City of Chicago General Obligation	6.000%	01/01/2038	0.7%
Massachusetts Sch Bldg Auth	5.000%	10/15/2032	0.7%
New Jersey Transportation Trust Fund	4.000%	06/15/2050	0.6%
Louisiana Enviromental Facs- Westlake Chemical	3.500%	11/01/2032	0.6%
Duluth Economic Development Auth - Essentia Health	5.250%	02/15/2058	0.6%
Salt Verde Fin Corp - Citigroup	5.000%	12/01/2037	0.6%
Hawaii St Dept of Budget & Fin	3.200%	07/01/2039	0.5%
Pennsylvania Financing Auth - Tobacco Settlement	4.000%	06/01/2039	0.5%
Kansas City Ind Dev Auth - KC International Airport	5.000%	03/01/2054	0.5%

% of Total Assets			6.2%

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

Texas Surface Transportation Corp - NTE Mobility Partners	5.000%	06/30/2058	0.9%
City of Chicago General Obligation	6.000%	01/01/2038	0.8%
Massachusetts Sch Bldg Auth	5.000%	10/15/2032	0.7%
New York City Transitional Fin Auth	1.050%	11/01/2044	0.7%
New Jersey Transportation Trust Fund	4.000%	06/15/2050	0.7%
Duluth Economic Development Auth - Essentia Health	5.250%	02/15/2058	0.7%
Louisiana Enviromental Facs- Westlake Chemical	3.500%	11/01/2032	0.7%
Salt Verde Fin Corp - Citigroup	5.000%	12/01/2037	0.6%
Pennsylvania Financing Auth - Tobacco Settlement	4.000%	06/01/2039	0.5%
Kansas City Ind Dev Auth - KC International Airport	5.000%	03/01/2054	0.5%
North Carolina Turnpike Auth	4.000%	01/01/2037	0.5%
NY Transportation Dev Corp - LaGuardia Airport	5.250%	01/01/2050	0.5%
Central Plains Energy - Goldman Sachs	5.000%	09/01/2042	0.5%
Chicago O'Hare International Airport	4.000%	01/01/2044	0.5%
Maryland Community Development Administration	3.000%	03/01/2042	0.5%
Riverside County Redevelopment Agency - Housing	0.000%	10/01/2041	0.5%
Hawaii St Dept of Budget & Fin	3.200%	07/01/2039	0.5%
Hawaii Airports System	5.000%	07/01/2048	0.5%
Trimble County Env Facs - Louisville Gas & Electric	3.750%	06/01/2033	0.4%
California Muni Fin Auth - LINXS	4.000%	12/31/2047	0.4%
Foothill-Eastern Transp Corridor Agy, CA	3.500%	01/15/2053	0.4%
San Joaquin Hills Transportation Corridor Agency	5.000%	01/15/2050	0.4%
Chicago, IL	5.500%	01/01/2049	0.4%
MD Hlth & Higher Ed - Mercy Medical Center	6.250%	07/01/2031	0.4%
ME Hlth & Higher Ed - MaineGeneral Hlth	7.500%	07/01/2032	0.4%
Illinois State General Obligation	5.000%	11/01/2028	0.4%
Campbell, WY	3.625%	07/15/2039	0.4%
Chicago	5.000%	01/01/2053	0.4%
Baltimore Mayor & City Council, MD	5.000%	07/01/2046	0.4%
Metropolitan Boston Transit Parking Corp	5.250%	07/01/2033	0.4%
Maryland Hlth & Hgr Ed Facs Auth	5.500%	01/01/2046	0.4%
New Jersey Transp Tr Fnd Auth	5.000%	06/15/2046	0.4%
Las Vegas Convention & Visitors Authority	5.000%	07/01/2043	0.4%
Allegheny Cnty Hosp Dev Auth, PA	4.000%	04/01/2044	0.4%
Metropolitan Pier & Exposition Auth, IL	0.000%	12/15/2036	0.4%
Pennsylvania	4.000%	09/15/2030	0.4%
Martin Cnty Hlth Facs Auth, FL	4.000%	01/01/2046	0.4%
New York City Transitional Fin Auth	5.000%	07/15/2030	0.4%
New York Liberty Dev Corp.	2.800%	09/15/2069	0.4%
Main Street Natural Gas - Macquarie	5.000%	05/15/2049	0.4%
Texas Muni Gas Acquisition & Supply Corp. III	5.000%	12/15/2029	0.4%
Cook Cnty, IL	5.000%	11/15/2024	0.4%
California State General Obligation	5.000%	02/01/2033	0.4%
Philadelphia General Obligation	5.000%	08/01/2036	0.4%
Chicago	5.000%	01/01/2052	0.4%
Nebraska Edl Fin Auth	4.000%	01/01/2049	0.4%
Pennsylvania Tpk Comm	5.000%	06/01/2029	0.4%
Central Texas Regl Mobility Auth, TX	6.000%	01/01/2041	0.3%
Foothill Eastern Transportation Corridor Agency	6.000%	01/15/2049	0.3%
Connecticut	5.000%	11/01/2027	0.3%
Connecticut	5.000%	11/01/2028	0.3%
Illinois, IL	5.500%	07/01/2033	0.3%
Cnty of Cuyahoga, OH	5.500%	02/15/2052	0.3%
California State General Obligation	5.500%	03/01/2040	0.3%
Louisville & Jefferson Cnty Metro Swr Dist, KY	5.000%	05/15/2028	0.3%
Buckeye Tobacco Settlement Fin Auth	5.125%	06/01/2024	0.3%
Long Beach Bond Finance Auth - Merrill Lynch	5.500%	11/15/2037	0.3%
New York City Hsg Dev Corp, NY	3.450%	05/01/2059	0.3%
Virginia Coll Bldg Auth	3.000%	02/01/2039	0.3%
Washington & Multnomah Cntys Sch Dist No 48J Beave	5.000%	06/15/2036	0.3%
Central Plains Energy Pj	5.250%	09/01/2037	0.3%
New York Mtg Agy	2.950%	10/01/2049	0.3%
Univ of Connecticut	5.250%	11/15/2047	0.3%
San Antonio, TX	5.000%	07/01/2045	0.3%
Arizona Indus Dev Auth	3.625%	05/20/2033	0.3%
Cnty of Sacramento CA Arpt Sys Rev	5.000%	07/01/2041	0.3%
Foothill Eastern Transportation Corridor Agency	6.000%	01/15/2053	0.3%
California Poll Cntrl Fin Auth	5.000%	11/21/2045	0.3%
Hampton Roads Transportation Comm	5.500%	07/01/2057	0.3%
Puerto Rico Sales Tax Financing Corporation	5.000%	07/01/2058	0.3%
Delaware Econ Dev Auth	5.375%	10/01/2045	0.3%
California State Pub Wks Bd	5.000%	04/01/2033	0.3%
Lower Alabama Gas District - Goldman Sachs	5.000%	09/01/2046	0.3%
California State General Obligation	5.250%	08/01/2032	0.3%
Kentucky Mun Pwr Agy	4.000%	09/01/2045	0.3%
Delaware River Port Auth, PA	5.000%	01/01/2034	0.3%
Long Beach Bnd Fin Auth	2.730%	11/15/2027	0.3%
Texas Water Development Board	4.000%	10/15/2037	0.3%
Phoenix Civ Impt Corp., AZ	4.000%	07/01/2037	0.3%
Apache County Indus Dev Auth - Tucson Electric	4.500%	03/01/2030	0.3%
Clifton Hgr Ed Fin Corp., TX	6.125%	08/15/2048	0.3%
North Carolina Medical Care Comm	4.000%	11/01/2052	0.3%
Louisiana Pub Facs Auth	6.250%	05/15/2031	0.3%
California Infrastr & Econ Dev Bnk	5.250%	10/01/2034	0.3%
New Jersey Econ Dev Auth	5.625%	01/01/2052	0.3%
Golden State Tobacco Securitization Corp	5.000%	06/01/2047	0.3%
Connecticut	5.000%	01/01/2037	0.3%
Oklahoma Dev Fin Auth	5.500%	08/15/2057	0.3%
Lucas Cnty, OH	5.250%	11/15/2048	0.3%
Greater Orlando Aviation Auth	4.000%	10/01/2044	0.3%
Univ of North Carolina at Wilmington	5.000%	06/01/2037	0.3%
Wisconsin Hlth & Edl Facs Auth	4.000%	02/15/2050	0.3%
California Edl Facs Auth	5.000%	05/01/2045	0.3%
Metropolitan Pier & Exposition Auth, IL	0.000%	12/15/2037	0.3%
Indianapolis Local Pub Impt Bnd Bank	5.000%	02/01/2031	0.3%
Maryland Hlth & Hgr Ed Facs Auth	5.000%	07/01/2038	0.3%
Greater Orlando Aviation Auth	4.000%	10/01/2052	0.3%
California Muni Fin Auth	5.000%	02/01/2047	0.3%
Michigan Fin Auth	4.000%	11/15/2050	0.3%
County of Hillsborough FL	3.250%	08/01/2048	0.3%
Philadelphia, PA	5.250%	10/01/2052	0.3%
San Francisco City & Cnty Arpt Comm, CA	5.250%	05/01/2033	0.3%
California Statewide Comntys Dev Auth	5.500%	12/01/2054	0.3%
New Jersey Transp Tr Fnd Auth	0.000%	12/15/2028	0.3%
Illinois, IL	5.000%	12/01/2036	0.2%
Southwest Local School District/Hamilton County	4.000%	01/15/2055	0.2%
Pennsylvania Higher Edl Facs Auth	4.000%	08/15/2049	0.2%
County of Allen OH Hospital Facilities Revenue	5.000%	05/01/2033	0.2%
Maryland Transp Auth	3.000%	06/01/2036	0.2%
Bay Area Toll Auth, CA	3.000%	04/01/2054	0.2%
New York City	5.000%	08/01/2027	0.2%
Metropolitan Pier & Exposition Auth, IL	0.000%	12/15/2030	0.2%
New Jersey Transportation Trust Fund	5.250%	06/15/2043	0.2%
California	5.600%	03/01/2036	0.2%
City of Reno NV	4.000%	06/01/2046	0.2%
Dorm Auth of the St of New York	5.000%	01/01/2047	0.2%
Erie Cnty Indl Dev Agy, NY	5.250%	05/01/2028	0.2%
The Bd of Governors of the Univ of North Carolina	5.000%	02/01/2049	0.2%
Indiana Fin Auth	5.000%	07/01/2035	0.2%
Erie Co Indus Dev Auth - Buffalo City Sch Dist	5.000%	05/01/2026	0.2%
Michigan St Bldg Auth	4.000%	04/15/2054	0.2%
Massachusetts	3.000%	04/01/2041	0.2%
San Antonio, TX	5.000%	07/15/2039	0.2%
Richland Environmental Improvement - International Paper Co	3.875%	04/01/2023	0.2%
Illinois, IL	5.000%	01/01/2035	0.2%
California Hsg Fin Agy	4.250%	01/15/2035	0.2%
Connecticut Hlth & Educl Facs Auth	4.000%	07/01/2049	0.2%
Illinois, IL	5.000%	03/01/2030	0.2%
New Jersey Econ Dev Auth	5.000%	06/15/2047	0.2%
Virginia Small Business Fing Auth	5.250%	01/01/2032	0.2%
Illinois Fin Auth	6.125%	09/01/2039	0.2%
New York City Transitional Finance Authority	5.000%	07/15/2031	0.2%
Berks County Industrial Development Authority	5.000%	11/01/2047	0.2%
Central Texas Turnpike	5.000%	08/15/2033	0.2%
Montana Facility Finance Authority	5.000%	07/01/2048	0.2%
Baltimore Mayor & City Council, MD	4.000%	07/01/2049	0.2%
Minnesota Hsg Fin Agy	2.750%	07/01/2044	0.2%
Mid Bay Br Auth, FL	7.250%	10/01/2034	0.2%
Hawaii Dept of Budget & Finance - Hawaiian Electric Co	3.100%	05/01/2026	0.2%
Pulaski Cnty Hlth Fac Brd, AR	5.000%	12/01/2039	0.2%
New York City Indl Dev Agy	5.000%	07/01/2028	0.2%
Public Auth For CO Energy	6.500%	11/15/2038	0.2%
Michigan St Hsg Dev Auth	3.600%	10/01/2060	0.2%
Minneapolis, MN	5.000%	11/15/2049	0.2%
Oklahoma Tpk Auth	4.000%	01/01/2048	0.2%
Metro Atlanta Rapid Transit Auth, GA	3.000%	07/01/2040	0.2%
Illinois Fin Auth	4.000%	10/01/2049	0.2%
Arlington Higher Ed Fin Corp., TX	7.650%	08/15/2040	0.2%
New Jersey Tpk Auth	4.000%	01/01/2043	0.2%
New York City Indl Dev Agy	0.000%	03/01/2030	0.2%
Railsplitter Tobacco Settlement Authority	6.000%	06/01/2028	0.2%
Hosp Auth of Hall Cnty and The City of Gainesville	5.500%	08/15/2054	0.2%
Philadelphia Sch Dist, PA	4.000%	09/01/2039	0.2%
Cnty of Cuyahoga, OH	5.500%	02/15/2057	0.2%
California State Pub Wks Bd	5.000%	12/01/2028	0.2%
NYC Capital Resource Corp - Arthur Corp	7.000%	08/01/2025	0.2%
Massachusetts Hsg Fin Agy	3.600%	12/01/2059	0.2%
Chicago, IL	5.000%	01/01/2034	0.2%
Indiana Fin Auth	5.250%	02/01/2032	0.2%
New Jersey Transp Tr Fnd Auth	0.000%	12/15/2029	0.2%
Central Plains Energy	5.000%	09/01/2032	0.2%
Suffolk Tobacco Asset Securitization Corp.	5.375%	06/01/2028	0.2%
NY Transportation Dev Corp - Delta	5.000%	01/01/2033	0.2%
Florida Dev Fin Corp.	7.625%	06/15/2041	0.2%
South Carolina St Ports Auth	5.000%	07/01/2044	0.2%
California Muni Fin Auth	5.000%	12/31/2038	0.2%
North Texas Tollway Auth	5.000%	01/01/2048	0.2%
Chicago, IL	5.000%	01/01/2026	0.2%
New York City Hsg Dev Corp, NY	3.050%	05/01/2050	0.2%
Illinois, IL	5.500%	07/01/2038	0.2%
Lee Memorial Health System	4.000%	04/01/2049	0.2%
Massachusetts Port Auth	4.000%	07/01/2046	0.2%
FHLMC Multifamily VRD Certificates	4.600%	12/15/2044	0.2%
Miami Dade Cnty Edl Fac Auth, FL	5.000%	04/01/2053	0.2%
Regional Transportation District	5.375%	06/01/2031	0.2%
Tuscaloosa City Bd of Ed	5.000%	08/01/2046	0.2%
West Virginia Parkways Authority	4.000%	06/01/2047	0.2%
Kentucky Mun Pwr Agy	5.000%	09/01/2035	0.2%
New Jersey Edl Facs Auth	4.000%	09/01/2029	0.2%
Kentucky Mun Pwr Agy	5.000%	09/01/2036	0.2%
Municipal Elec Auth of Georgia	5.000%	01/01/2048	0.2%
Dorm Auth of the St of New York	5.000%	07/01/2040	0.2%
Hawaii Arpt Sys	5.000%	07/01/2041	0.2%
New Jersey Transportation Trust Fund	6.000%	06/15/2035	0.2%
New York City Hlth & Hosp Corp.	5.000%	02/15/2030	0.2%
Pub Fin Auth	5.000%	12/01/2027	0.2%
Chicago, IL	5.500%	01/01/2042	0.2%
California Hlth Facs Fing Auth	5.250%	08/15/2031	0.2%
Massachusetts Dev Fin Agy	4.000%	07/01/2041	0.2%
Denver City & Cnty Dept of Aviation, CO	4.000%	12/01/2043	0.2%
California	4.000%	09/01/2037	0.2%
Inland Valley Development Agency	5.250%	09/01/2037	0.2%
Compton, CA	6.000%	08/01/2039	0.2%
Metropolitan Transp Auth, NY	5.000%	11/15/2030	0.2%
New Jersey Econ Dev Auth	2.700%	03/01/2028	0.2%
Pennsylvania Econ Dev Fing Auth	3.250%	08/01/2039	0.2%
Baltimore Mayor & City Council, MD	5.000%	07/01/2039	0.2%
Hoover Industrial Development Board	5.750%	10/01/2049	0.2%
New York City Transitional Finance Auth - Future Tax	1.100%	08/01/2031	0.2%
Univ of Illinois Bd of Trustees	4.000%	04/01/2038	0.2%
Franklin Cnty, OH	6.125%	07/01/2040	0.2%
New Jersey Econ Dev Auth	5.000%	06/15/2042	0.2%
Chicago, IL	5.000%	11/01/2029	0.2%
North Sumter Cnty Util Dependent Dist, FL	5.375%	10/01/2030	0.2%
NY Transportation Dev Corp - LaGuardia Airport	5.000%	07/01/2046	0.2%
Savannah Hospital Authority	4.000%	07/01/2043	0.2%
Massachusetts Educational Financing Authority	4.125%	07/01/2046	0.2%
San Diego Cnty Tobacco Asset Securitization Corp	5.000%	06/01/2048	0.2%
Upland, CA	6.375%	01/01/2032	0.2%
Maricopa Cnty Poll Cntrl Corp., AZ	3.600%	02/01/2040	0.2%
Vermont Edl & Hlth Bldgs Fing Agy	5.000%	12/01/2035	0.2%
King Cnty Public Hosp Dist No 4	5.000%	12/01/2038	0.2%
New Hampshire Bus Fin Auth	4.875%	11/01/2042	0.2%
Metropolitan Washington Arpts Auth, DC	5.000%	10/01/2035	0.2%
Niagara Area Dev Corp., NY	4.750%	11/01/2042	0.2%
Norman Y Mineta San Jose International Arpt SJC	6.250%	03/01/2034	0.2%
Pima Cnty Indus Dev Auth, AZ	4.000%	09/01/2029	0.2%
Bay Area Toll Auth, CA	4.000%	04/01/2049	0.2%
Municipal Elec Auth of Georgia	4.000%	01/01/2049	0.2%
Philadelphia, PA	5.000%	07/01/2042	0.2%
San Francisco Airport	5.000%	05/01/2025	0.2%
Pell City Special Care Facs - Noland Health	5.000%	12/01/2031	0.2%
Golden St Tobacco Securitization Corp.	5.000%	06/01/2047	0.2%
Virginia Coll Bldg Auth	3.000%	02/01/2036	0.2%
Chicago, IL	5.000%	01/01/2040	0.2%
New Jersey Econ Dev Auth	5.000%	06/15/2043	0.2%
Central Texas Mobility Authority	5.000%	01/01/2045	0.2%
City of Reno NV	4.000%	06/01/2043	0.2%
South Carolina St Ports Auth	5.250%	07/01/2055	0.2%
Connecticut	5.000%	01/01/2038	0.2%
Buckeye Tobacco Settlement Fin Auth	5.875%	06/01/2047	0.2%
Salem County Pollution Control Fin Auth - Chambers	5.000%	12/01/2023	0.2%
New York City Indl Dev Agy	2.624%	03/01/2024	0.2%
Miami Dade Cnty, FL	5.000%	10/01/2028	0.2%
Maryland Econ Dev Corp.	4.000%	07/01/2039	0.2%
Kentucky Bond Development Corp	4.000%	09/01/2048	0.2%
Illinois, IL	5.000%	05/01/2038	0.2%
Cass Cnty, ND	5.125%	02/15/2037	0.2%
New Jersey Transp Tr Fnd Auth	5.000%	12/15/2023	0.2%
Lansing Bd of Wtr & Lt, MI	5.000%	07/01/2030	0.2%
Allentown Neighborhood Impt Zone Dev Auth	5.000%	05/01/2035	0.2%
New Jersey Transp Tr Fnd Auth	0.000%	12/15/2030	0.2%
Metropolitan Pier & Exposition Auth, IL	5.500%	06/15/2053	0.2%
Ohio State Hsp Facs - Cleveland Clinic Health System	1.050%	01/01/2052	0.2%
New Jersey Transp Tr Fnd Auth	5.000%	12/15/2035	0.2%
Tusaloosa Ind Dev Auth - Hunt Refining Co	4.500%	05/01/2032	0.2%
Luzerne Cnty, PA	5.000%	11/15/2029	0.2%
Texas Muni Gas Acquisition & Supply Corp. III	5.000%	12/15/2028	0.2%
California Statewide Comntys Dev Auth	4.000%	07/01/2048	0.2%
Montgomery Co Ind Dev Auth - Jefferson Health	5.000%	10/01/2027	0.2%
Canaveral Port Authority	5.000%	06/01/2045	0.2%
Missouri Hlth & Edl Facs Auth	4.000%	02/15/2054	0.2%
Dorm Auth of the St of New York	5.000%	07/01/2031	0.2%
North Texas Tollway Auth	5.000%	01/01/2040	0.2%
Hlth & Ed Facs Bd of the Metro Govt of Nashville &	5.250%	10/01/2058	0.2%
San Francisco City & Cnty Arpt Comm, CA	5.250%	05/01/2042	0.2%
Pennsylvania	4.000%	03/01/2037	0.2%
Massachusetts Dev Fin Agy	5.000%	07/01/2048	0.2%
Montgomery Cnty, OH	4.000%	11/15/2042	0.2%
Puerto Rico Sales Tax Fincg Corp	4.329%	07/01/2040	0.2%
New York Mtg Agy	3.000%	10/01/2039	0.2%
Omaha Pub Pwr Dist	5.250%	02/01/2042	0.2%
Denver City & Cnty Dept of Aviation, CO	4.000%	12/01/2048	0.2%
Palomar Hlth	5.000%	11/01/2036	0.1%
Golden St Tobacco Securitization Corp.	5.250%	06/01/2047	0.1%
Salt Verde Financial Corp.	5.250%	12/01/2027	0.1%
El Dorado Irr Dist, CA	5.000%	03/01/2034	0.1%
City of Atlanta, GA, Department of Aviation	5.000%	01/01/2031	0.1%
Montana Facility Finance Authority	5.000%	07/01/2043	0.1%
Michigan Fin Auth	5.000%	11/15/2048	0.1%
Los Angeles, CA	5.000%	05/15/2041	0.1%
Washington Hlthcare Facs Auth	5.000%	07/01/2038	0.1%
Salt Verde Financial Corp.	5.000%	12/01/2032	0.1%
Houston, TX	5.000%	07/15/2035	0.1%
City of Atlanta, GA, Department of Aviation	4.000%	07/01/2040	0.1%
California Muni Fin Auth	2.650%	08/01/2036	0.1%
California	5.000%	08/01/2038	0.1%
San Jose, CA	6.125%	05/01/2031	0.1%
Greenville Hosp Sys Bd of Trustees, SC	5.000%	05/01/2034	0.1%
Chicago, IL	5.000%	01/01/2034	0.1%
Texas Muni Gas Acquisition & Supply Corp. III	5.000%	12/15/2031	0.1%
North Carolina Turnpike Auth	4.000%	01/01/2055	0.1%
Metropolitan Transp Auth, NY	4.000%	11/15/2046	0.1%
Port Auth of New York & New Jersey	5.250%	10/15/2055	0.1%
Los Angeles Hsg Auth	6.250%	06/01/2034	0.1%
Illinois, IL	5.000%	01/01/2033	0.1%
Union Cnty Util Auth, NJ	4.750%	12/01/2031	0.1%
Detroit Pub Schs, MI	5.000%	05/01/2029	0.1%
Montgomery Cnty Hgr Ed & Hlth Auth, PA	4.000%	09/01/2049	0.1%
NYS Tobacco Settlement Corp	5.000%	06/01/2048	0.1%
New Jersey Econ Dev Auth	5.000%	03/01/2028	0.1%
NJ Tobacco Settlement Fin Corp	5.000%	06/01/2046	0.1%
Connecticut Special Tax - Transportation Infrastructure	5.000%	08/01/2034	0.1%
Hawaii	5.000%	12/01/2027	0.1%
Chandler Industrial Development Authority	2.700%	12/01/2037	0.1%
State of Connecticut Bradley International Airport	5.000%	07/01/2049	0.1%
Essex Cnty Imp Auth, NJ	5.250%	07/01/2045	0.1%
County of Cook IL Sales Tax Revenue	4.000%	11/15/2034	0.1%
California Muni Fin Auth	5.000%	12/31/2047	0.1%
New Jersey Transp Tr Fnd Auth	5.000%	12/15/2036	0.1%
Jefferson County Sewer	5.500%	10/01/2053	0.1%
Mission Econ Dev Corp, TX	4.625%	10/01/2031	0.1%
Railsplitter Tobacco Settlement Auth	5.000%	06/01/2027	0.1%
Ohio Air Quality Auth - AMG Vanadium	5.000%	07/01/2049	0.1%
San Diego Unif Sch Dist, CA	3.250%	07/01/2048	0.1%
California Statewide Comntys Dev Auth	5.500%	12/01/2058	0.1%
Metropolitan Pier & Exposition Auth, IL	5.000%	06/15/2057	0.1%
Illinois Sports Facs Auth	5.000%	06/15/2027	0.1%
California Muni Fin Auth	4.000%	07/15/2029	0.1%
Philadelphia, PA	5.000%	07/01/2030	0.1%
Hawaii	5.000%	12/01/2027	0.1%
Chicago Brd of Ed	5.000%	12/01/2046	0.1%
Illinois, IL	5.000%	01/01/2041	0.1%
State of Connecticut Bradley International Airport	4.000%	07/01/2049	0.1%
California Muni Fin Auth	4.000%	12/31/2047	0.1%
New Jersey Econ Dev Auth	6.000%	10/01/2043	0.1%
VA Tobacco Settlement Financing Corp	5.000%	06/01/2047	0.1%
Lee Cnty, FL	5.375%	10/01/2032	0.1%
Buckeye Tobacco Settlement Fin Auth	5.750%	06/01/2034	0.1%
Kirkwood Indus Dev Auth	8.000%	05/15/2029	0.1%
Philadelphia, PA	5.000%	08/01/2037	0.1%
Main Street Natural Gas, Inc.	5.000%	05/15/2037	0.1%
Massachusetts Dev Fin Agy	4.000%	07/01/2044	0.1%
Pennsylvania Tpk Comm	4.000%	12/01/2049	0.1%
Oneida County Local Development Corp	4.000%	12/01/2049	0.1%
Massachusetts Dev Fin Agy	5.000%	10/01/2057	0.1%
Michigan Fin Auth	4.000%	11/01/2048	0.1%
New Mexico Hosp Equipment Loan Council	5.000%	07/01/2049	0.1%
Massachusetts Port Auth	5.000%	07/01/2045	0.1%
Main Street Natural Gas, Inc.	5.000%	05/15/2043	0.1%
Chicago, IL	5.000%	11/01/2039	0.1%
Pennsylvania Tpk Comm	4.000%	12/01/2038	0.1%
Tusaloosa Ind Dev Auth - Hunt Refining Co	5.250%	05/01/2044	0.1%
Metropolitan Washington Arpts Auth, DC	5.000%	10/01/2027	0.1%
E-470 Pub Hwy Auth, CO	0.000%	09/01/2037	0.1%
Sacramento City Fing Auth, CA	5.250%	12/01/2023	0.1%
Jefferson Cnty, AL	0.000%	10/01/2027	0.1%
Tennessee Energy Acquisition Corp.	5.625%	09/01/2026	0.1%
New York City Transitional Fin Auth	1.000%	02/01/2045	0.1%
Casino Reinvestment Dev Auth, NJ	5.250%	11/01/2039	0.1%
Ohio Air Qlty Dev Auth	3.250%	09/01/2029	0.1%
New Jersey Transp Tr Fnd Auth	5.000%	06/15/2030	0.1%
Chicago, IL	5.000%	11/01/2036	0.1%
New Jersey Transp Tr Fnd Auth	0.000%	12/15/2038	0.1%
Philadelphia Hosp & Hgr Ed Fac Auth, PA	5.000%	07/01/2033	0.1%
Duluth Econ Dev Auth, MN	5.250%	02/15/2053	0.1%
Indiana Fin Auth	5.000%	07/01/2044	0.1%
Eagle County Airport Terminal Corp	5.000%	05/01/2041	0.1%
Puerto Rico Aqueduct & Swr Auth	5.250%	07/01/2042	0.1%
Martin Cnty Hosp Dist	7.250%	04/01/2036	0.1%
Philadelphia, PA	5.250%	07/15/2032	0.1%
Maricopa Cnty Poll Cntrl Corp., AZ	3.600%	04/01/2040	0.1%
North Carolina Hsg Fin Agy	2.625%	07/01/2039	0.1%
Connecticut Hlth & Educl Facs Auth	4.000%	07/01/2049	0.1%
Town of Davie FL	6.000%	04/01/2042	0.1%
Allegheny Cnty Hosp Dev Auth, PA	4.000%	04/01/2037	0.1%
Lower Colorado River Auth, TX	5.000%	05/15/2040	0.1%
NY Transportation Dev Corp - Delta	4.000%	01/01/2036	0.1%
Montgomery Cnty Indus Dev Auth, PA	5.000%	11/15/2024	0.1%
Puerto Rico Sales Tax Fincg Corp	4.329%	07/01/2040	0.1%
Illinois, IL	4.000%	06/01/2034	0.1%
Foothill-Eastern Transp Corridor Agy, CA	0.000%	01/15/2033	0.1%
New York City Transitional Fin Auth	4.000%	05/01/2037	0.1%
Puerto Rico Aqueduct & Swr Auth	5.750%	07/01/2037	0.1%
California Poll Cntrl Fin Auth	5.000%	11/21/2045	0.1%
California State General Obligation	5.000%	04/01/2032	0.1%
Iowa Finance Auth - Iowa Fertilizer Co	5.250%	12/01/2025	0.1%
Indiana Fin Auth	5.000%	07/01/2040	0.1%
Norman Y Mineta San Jose International Arpt SJC	5.000%	03/01/2047	0.1%
Port Auth of New York & New Jersey	4.000%	11/01/2059	0.1%
New York Transp Dev Corp.	5.000%	01/01/2034	0.1%
Massachusetts Dev Fin Agy	5.000%	07/01/2039	0.1%
NY Conv Ctr Dev Corp	5.000%	11/15/2040	0.1%
Antelope Valley Hlthcare Dist	5.000%	03/01/2041	0.1%
Village of Bellwood, IL	6.150%	12/01/2032	0.1%
City of Chicago General Obligation	5.500%	01/01/2037	0.1%
Niagara Frontier Transp Auth, NY	5.000%	04/01/2025	0.1%
Prichard Water Works & Sewer Board	4.000%	11/01/2049	0.1%
Hawaii Airport System	5.000%	07/01/2034	0.1%
Texas Transp Comm	5.000%	08/01/2057	0.1%
Phenix City Indus Dev Bd	3.625%	05/15/2030	0.1%
Pennsylvania Tpk Comm	5.000%	12/01/2044	0.1%
Golden St Tobacco Securitization Corp.	5.000%	06/01/2029	0.1%
Love Field Arpt Modernization Corp., TX	5.000%	11/01/2028	0.1%
E-470 Pub Hwy Auth, CO	0.000%	09/01/2032	0.1%
Massachusetts Dev Fin Agy	5.000%	07/01/2032	0.1%
Shelby Cnty Hlth Edl & Hsg Facs Bd	1.050%	06/01/2042	0.1%
Wilkes-Barre Area School District/PA	5.000%	04/15/2059	0.1%
New York St Thruway Auth	4.000%	01/01/2051	0.1%
North Carolina Hsg Fin Agy	2.850%	01/01/2043	0.1%
Southern California Pub Pwr Auth	2.750%	11/01/2038	0.1%
Chicago	5.000%	07/01/2048	0.1%
Chicago, IL	5.000%	11/01/2037	0.1%
California Poll Cntrl Fin Auth	4.300%	07/01/2040	0.1%
Louisiana Pub Facs Auth	5.000%	07/01/2059	0.1%
Houston, TX	5.000%	07/15/2028	0.1%
Miami Dade Cnty, FL	5.000%	10/01/2029	0.1%
Baltimore Mayor & City Council, MD	5.000%	07/01/2032	0.1%
Eagle County Airport Terminal Corp	5.000%	05/01/2033	0.1%
Middletown City Sch Dist, OH	5.250%	12/01/2040	0.1%
Genesis Hlthcare Sys, OH	5.000%	02/15/2044	0.1%
New Jersey Transp Tr Fnd Auth	5.000%	06/15/2031	0.1%
West Pace Cooperative District	9.125%	05/01/2039	0.1%
Michigan Strategic Fnd	4.250%	12/31/2038	0.1%
Perris Union High Sch District,CA	3.000%	09/01/2044	0.1%
California Infrastr & Econ Dev Bnk	5.000%	11/01/2041	0.1%
Cleveland, OH	5.000%	01/01/2030	0.1%
Hawaii	5.000%	12/01/2027	0.1%
Antelope Valley Hlthcare Dist	5.000%	03/01/2046	0.1%
Puerto Rico Elec Pwr Auth	2.106%	07/01/2031	0.1%
Brooklyn Arena Local Dev Corp.	5.000%	07/15/2030	0.1%
New Jersey Econ Dev Auth	6.500%	04/01/2028	0.1%
Chicago, IL	5.500%	01/01/2034	0.1%
New Jersey Hgr Ed Stud Asst Auth	3.750%	12/01/2031	0.1%
Dorm Auth of the St of New York	5.500%	01/01/2039	0.1%
Connecticut Hlth & Educl Facs Auth	4.000%	07/01/2041	0.1%
Houston, TX	6.625%	07/15/2038	0.1%
New York Transp Dev Corp.	5.000%	01/01/2036	0.1%
California State Pub Wks Bd	5.125%	10/01/2031	0.1%
Montgomery Cnty, OH	4.000%	11/15/2045	0.1%
New York City Transitional Fin Auth	1.000%	08/01/2042	0.1%
Palm Beach Cnty Hlth Facs Auth, FL	5.000%	05/15/2053	0.1%
California Statewide Comntys Dev Auth	4.000%	12/01/2057	0.1%
Pennsylvania	4.000%	07/01/2046	0.1%
Maryland Hlth & Hgr Ed Facs Auth	5.000%	07/01/2038	0.1%
Sparks Tourism Improvement District	6.750%	06/15/2028	0.1%
Pub Fin Auth	5.250%	10/01/2038	0.1%
Build NYC Resource Corp., NY	4.000%	07/01/2045	0.1%
Municipal Elec Auth of Georgia	5.000%	01/01/2056	0.1%
City of Atlanta, GA, Department of Aviation	4.000%	07/01/2039	0.1%
Cook Cnty, IL	5.000%	11/15/2031	0.1%
Indiana Housing and Cmnty Dev Auth - Single Family Mortgage	1.250%	07/01/2047	0.1%
Chicago, IL	5.000%	01/01/2033	0.1%
Yorba Linda Redev Agy, CA	6.500%	09/01/2032	0.1%
Dorm Auth of the St of New York	5.000%	07/01/2030	0.1%
Louisville & Jefferson Cnty Metro Swr Dist, KY	3.250%	05/15/2046	0.1%
Port of Oakland, CA	5.000%	05/01/2028	0.1%
Chicago Brd of Ed	5.000%	12/01/2030	0.1%
Metro Atlanta Rapid Transit Auth, GA	3.250%	07/01/2039	0.1%
Massachusetts Dev Fin Agy	5.000%	06/01/2039	0.1%
New York City Hlth & Hosp Corp.	5.000%	02/15/2025	0.1%
Philadelphia Sch Dist, PA	4.000%	09/01/2038	0.1%
Jefferson County Sewer	6.500%	10/01/2053	0.1%
New Jersey Transp Tr Fnd Auth	5.000%	06/15/2042	0.1%
Chicago Brd of Ed	5.000%	12/01/2029	0.1%
Pub Fin Auth	6.850%	10/01/2047	0.1%
St of Alabama Docks Department	5.000%	10/01/2034	0.1%
Valparaiso, IN	7.000%	01/01/2044	0.1%
St of Alabama Docks Department	5.000%	10/01/2035	0.1%
Philadelphia, PA	5.000%	08/01/2029	0.1%
Miami Beach, FL	5.000%	09/01/2040	0.1%
Michigan Fin Auth	5.000%	07/01/2034	0.1%
Atlanta Airport	5.000%	01/01/2028	0.1%
Connecticut Hlth & Educl Facs Auth	3.125%	11/01/2038	0.1%
Berks County Industrial Development Authority	4.000%	11/01/2047	0.1%
Illinois, IL	5.000%	06/01/2027	0.1%
Iowa Fin Auth	3.125%	12/01/2022	0.1%
Minneapolis St Paul Metro Arpts Comm, MN	5.000%	01/01/2031	0.1%
Chicago Brd of Ed	5.000%	04/01/2046	0.1%
Florida Hgr Edl Facs Fin Auth	5.000%	04/01/2036	0.1%
Philadelphia, PA	5.250%	07/15/2031	0.1%
Municipal Elec Auth of Georgia	5.000%	01/01/2059	0.1%
Puerto Rico Hwy & Transp Auth	5.250%	07/01/2032	0.1%
Port of Portland, OR Arpt Rev	5.000%	07/01/2039	0.1%
Dorm Auth of the St of New York	5.000%	07/01/2035	0.1%
Illinois Fin Auth	5.000%	04/01/2031	0.1%
Metropolitan Washington Arpts Auth, DC	5.000%	10/01/2028	0.1%
Puerto Rico Highway & Transportation Auth	5.500%	07/01/2025	0.1%
Port Authority of New York & New Jersey	4.000%	09/01/2043	0.1%
Chicago Brd of Ed	5.000%	12/01/2027	0.1%
Massachusetts Dev Fin Agy	5.000%	07/01/2031	0.1%
Massachusetts Dev Fin Agy	4.000%	07/01/2035	0.1%
California Hlth Facs Fing Auth	4.000%	11/15/2042	0.1%
District of Columbia, DC	5.000%	06/01/2041	0.1%
Columbus Cnty Indus Facs & Poll Cntrl Fin Auth	5.700%	05/01/2034	0.1%
Burke Cnty Dev Auth, GA	4.125%	11/01/2045	0.1%
Matagorda Cnty Navigation Dist No 1, TX	2.600%	11/01/2029	0.1%
Ohio Air Qlty Dev Auth	4.500%	01/15/2048	0.1%
Chula Vista, CA	5.875%	01/01/2034	0.1%
Phoenix Civ Impt Corp., AZ	4.000%	07/01/2044	0.1%
Guadalupe Regional Medical Center	5.000%	12/01/2045	0.1%
Tobacco Settlement Auth	5.250%	06/01/2032	0.1%
Allentown Neighborhood Impt Zone Dev Auth	5.000%	05/01/2032	0.1%
Casino Reinvestment Dev Auth, NJ	5.250%	11/01/2044	0.1%
Chicago, IL	5.000%	11/01/2036	0.1%
Puerto Rico General Obligation	5.500%	07/01/2039	0.1%
Chicago Brd of Ed	5.000%	12/01/2033	0.1%
Carlsbad Unified School District	3.125%	08/01/2048	0.1%
California Statewide Comntys Dev Auth	5.250%	11/15/2034	0.1%
Chicago Brd of Ed	5.000%	04/01/2042	0.1%
Connecticut	5.000%	04/15/2039	0.1%
Illinois Fin Auth	5.000%	04/01/2020	0.1%
Port Auth of New York & New Jersey	6.000%	12/01/2042	0.1%
New York City Hsg Dev Corp, NY	3.000%	11/01/2044	0.1%
Chicago Brd of Ed	5.000%	12/01/2044	0.1%
Howard Cnty, MD	3.000%	08/15/2039	0.1%
Gramercy Farms Comnty Dev Dist	0.000%	05/01/2039	0.1%
Wayne Cnty Arpt Auth	5.000%	12/01/2039	0.1%
Southern California Public Power Auth - Goldman Sachs	5.000%	11/01/2033	0.1%
California Sch Fin Auth	5.000%	08/01/2048	0.1%
Midlothian Wtr Dist, TX	0.000%	09/01/2022	0.1%
Connecticut Hlth & Educl Facs Auth	4.000%	07/01/2044	0.1%
Florida Hgr Edl Facs Fin Auth	5.000%	03/01/2049	0.1%
Adelanto Pub Util Auth, CA	5.000%	07/01/2039	0.1%
Nassau Cnty Local Econ Assistance Corp.	5.000%	07/01/2031	0.1%
Dorm Auth of the St of New York	4.000%	08/01/2038	0.1%
Pittsburgh, PA	5.000%	09/01/2030	0.1%
Michigan Public Edl Facs Auth	8.750%	09/01/2039	0.1%
Overland Park Dev Corp	5.000%	03/01/2044	0.1%
Overland Park Dev Corp	5.000%	03/01/2049	0.1%
Philadelphia, PA	5.000%	08/01/2030	0.1%
Successor Agy to the Rancho Cucamonga RDA, CA	5.000%	09/01/2030	0.1%
Massachusetts Port Auth	5.000%	07/01/2040	0.1%
Chicago Brd of Ed	5.000%	12/01/2046	0.1%
New York City Transitional Fin Auth	1.100%	11/01/2022	0.1%
Florida Hgr Edl Facs Fin Auth	5.000%	04/01/2033	0.1%
New York City Transitional Finance Auth - Future Tax	1.050%	05/01/2034	0.1%
California Sch Fin Auth	5.000%	08/01/2045	0.1%
Indiana Fin Auth	5.000%	10/01/2029	0.1%
TSASC, Inc.	5.000%	06/01/2035	0.1%
San Francisco City & Cnty Arpt Comm, CA	4.000%	05/01/2049	0.1%
Virginia Small Business Fing Auth	5.000%	07/01/2034	0.1%
Toledo-Lucas Cnty Port Auth, OH	5.000%	07/01/2039	0.1%
NJ Eco Dev Auth - School Facilities	5.500%	06/15/2031	0.1%
Successor Agy to the Rancho Cucamonga RDA, CA	5.000%	09/01/2031	0.1%
North Carolina Turnpike Auth	5.000%	01/01/2032	0.1%
Dorm Auth of the St of New York	4.000%	08/01/2036	0.1%
Massachusetts Dev Fin Agy	4.000%	06/01/2049	0.1%
New Hampshire Bus Fin Auth	4.625%	11/01/2042	0.1%
Howard Cnty, MD	3.000%	08/15/2040	0.1%
California Muni Fin Auth	5.000%	06/01/2050	0.1%
Cook County General Obligation	5.250%	11/15/2024	0.1%
Flint Hosp Bldg Auth	7.000%	07/01/2030	0.1%
Chicago Brd of Ed	7.000%	12/01/2046	0.1%
Dorm Auth of the St of New York	5.000%	12/01/2031	0.1%
Connecticut	5.000%	06/15/2032	0.1%
Connecticut	5.000%	06/15/2033	0.1%
Maryland Hlth & Hgr Ed Facs Auth	5.000%	07/01/2036	0.1%
Pennsylvania Econ Dev Fing Auth	7.500%	05/01/2020	0.0%
Commonwealth Financing Authority	5.000%	06/01/2035	0.0%
Phoenix Indus Dev Auth, AZ	5.000%	07/01/2054	0.0%
San Francisco City & Cnty Redev Fing Auth, CA	7.000%	08/01/2041	0.0%
Pennsylvania Econ Dev Fing Auth	8.000%	05/01/2029	0.0%
Massachusetts Dev Fin Agy	5.000%	07/01/2033	0.0%
Dorm Auth of the St of New York	5.000%	12/01/2040	0.0%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2033	0.0%
Arizona Indus Dev Auth	4.000%	11/01/2049	0.0%
Chicago Brd of Ed	5.000%	12/01/2032	0.0%
New Jersey Transp Tr Fnd Auth	0.000%	12/15/2037	0.0%
New Jersey Econ Dev Auth	5.000%	06/15/2036	0.0%
Wayne Cnty Arpt Auth	5.000%	12/01/2042	0.0%
La Verne CA C.O.P.	5.000%	05/15/2036	0.0%
Connecticut	5.000%	04/15/2036	0.0%
Philadelphia Sch Dist, PA	5.000%	09/01/2037	0.0%
Montgomery Cnty Indus Dev Auth, PA	5.000%	11/15/2025	0.0%
Virginia Small Business Fing Auth	6.000%	01/01/2037	0.0%
Chicago Brd of Ed	6.500%	12/01/2046	0.0%
New Jersey Transp Tr Fnd Auth	0.000%	12/15/2031	0.0%
Pittsburgh, PA	5.000%	09/01/2032	0.0%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2031	0.0%
Cnty of Miami-Dade FL Rickenbacker Causeway Rev	5.000%	10/01/2032	0.0%
Metropolitan Pier & Exposition Auth, IL	0.000%	06/15/2045	0.0%
Tempe Industrial Development Authority	6.125%	10/01/2047	0.0%
Phoenix Indus Dev Auth, AZ	5.000%	07/01/2049	0.0%
Crawford Cnty Hosp Auth	6.000%	06/01/2051	0.0%
Maricopa Cnty Indus Dev Auth, AZ	5.000%	07/01/2049	0.0%
Pittsburgh, PA	5.000%	09/01/2029	0.0%
Grand River Hospital District	5.250%	12/01/2034	0.0%
Grand River Hospital District	5.250%	12/01/2035	0.0%
Indiana Fin Auth	7.000%	10/01/2039	0.0%
Louisiana Hsg Fin Agy	8.000%	09/01/2039	0.0%
Grand River Hospital District	5.250%	12/01/2037	0.0%
Yorba Linda Redev Agy, CA	6.000%	09/01/2026	0.0%
Nassau Co Local Econ Assis - Catholic Hlth Svcs	5.000%	07/01/2034	0.0%
Dorm Auth of the St of New York	5.000%	08/01/2034	0.0%
Dorm Auth of the St of New York	5.000%	08/01/2033	0.0%
Norfolk Water	5.250%	11/01/2028	0.0%
Connecticut	5.000%	06/15/2038	0.0%
Chicago	5.000%	01/01/2048	0.0%
Dorm Auth of the St of New York	5.000%	08/01/2035	0.0%
City of Oroville CA	5.250%	04/01/2039	0.0%
Illinois, IL	6.000%	05/01/2026	0.0%
Phoenix Indus Dev Auth, AZ	5.000%	07/01/2037	0.0%
Massachusetts Dev Fin Agy	5.000%	07/01/2034	0.0%
District of Columbia, DC	6.000%	07/01/2043	0.0%
District of Columbia, DC	6.000%	07/01/2048	0.0%
Dorm Auth of the St of New York	5.000%	12/01/2036	0.0%
Philadelphia Hosp & Hgr Ed Fac Auth, PA	5.000%	07/01/2031	0.0%
Dorm Auth of the St of New York	5.000%	12/01/2037	0.0%
Chicago Brd of Ed	5.000%	12/01/2031	0.0%
Philadelphia Hosp & Hgr Ed Fac Auth, PA	5.000%	07/01/2032	0.0%
Buckeye Tobacco Settlement Fing Auth	0.000%	06/01/2047	0.0%
Paducah Electric Plant Bd	5.000%	10/01/2033	0.0%
Denver Convention Ctr Hotel Auth, CO	5.000%	12/01/2034	0.0%
Cook Cnty, IL	5.000%	11/15/2030	0.0%
Paducah Electric Plant Bd	5.000%	10/01/2034	0.0%
City of Oroville CA	5.250%	04/01/2054	0.0%
Philadelphia Sch Dist, PA	5.000%	09/01/2038	0.0%
Paducah Electric Plant Bd	5.000%	10/01/2035	0.0%
West Virginia Hosp Fin Auth	6.250%	10/01/2023	0.0%
Eagle County Airport Terminal Corp	5.000%	05/01/2037	0.0%
Pub Fin Auth	5.250%	10/01/2043	0.0%
Cook Cnty, IL	5.000%	11/15/2035	0.0%
New Orleans, LA	5.000%	12/01/2034	0.0%
Nassau Cnty Local Econ Assistance Corp.	5.000%	07/01/2029	0.0%
Central Texas Turnpike Sys	5.000%	08/15/2037	0.0%
New York City Transitional Fin Auth	5.000%	02/01/2036	0.0%
Clifton Hgr Ed Fin Corp., TX	6.000%	08/15/2043	0.0%
Philadelphia, PA	5.250%	07/15/2033	0.0%
Montgomery Cnty Indus Dev Auth, PA	5.375%	01/01/2050	0.0%
Niagara Frontier Transp Auth, NY	5.000%	04/01/2026	0.0%
North Carolina Turnpike Auth	4.000%	01/01/2038	0.0%
Massachusetts Sch Bldg Auth	4.000%	02/15/2043	0.0%
New York City Transitional Fin Auth	4.000%	08/01/2042	0.0%
New York City Transitional Fin Auth	4.000%	05/01/2044	0.0%
Puerto Rico Sales Tax Fincg Corp	4.784%	07/01/2058	0.0%
Crawford Cnty Hosp Auth	6.000%	06/01/2046	0.0%
Chicago, IL	4.000%	01/01/2034	0.0%
Massachusetts	4.000%	05/01/2048	0.0%
Connecticut	4.000%	06/15/2037	0.0%
Los Angeles Unified School District	5.000%	10/01/2025	0.0%
Toledo-Lucas Cnty Port Auth, OH	5.000%	07/01/2034	0.0%
Capital Trust Agency Inc	5.000%	12/15/2049	0.0%
San Buenaventura - Comunity Memorial Health	8.000%	12/01/2026	0.0%
Maricopa Cnty Indus Dev Auth, AZ	5.000%	07/01/2054	0.0%
San Francisco City & Cnty Redev Fing Auth, CA	7.000%	08/01/2033	0.0%
Toledo-Lucas Cnty Port Auth, OH	5.000%	07/01/2046	0.0%
South Carolina St Ports Auth	5.250%	07/01/2055	0.0%
Chicago O'Hare International Airport	5.000%	01/01/2035	0.0%
Texas Muni Gas Acquisition & Supply Corp. III	5.000%	12/15/2025	0.0%
Cleveland, OH	5.000%	01/01/2031	0.0%
Metropolitan Pier & Exposition Auth, IL	5.000%	06/15/2053	0.0%
Kendall Kane & Will Cos Unified School District	5.000%	02/01/2029	0.0%
Prichard Water Works & Sewer Board	4.000%	11/01/2044	0.0%
Allegheny Cnty Indl Dev Auth, PA	4.875%	11/01/2024	0.0%
Foothill-Eastern Transp Corridor Agy, CA	5.750%	01/15/2046	0.0%
Gloucester Cnty Pollution Cntrl Fing Auth	5.000%	12/01/2024	0.0%
Martin Cnty Hlth Facs Auth, FL	5.500%	11/15/2032	0.0%
Illinois Sports Facs Auth	5.000%	06/15/2028	0.0%
Puerto Rico Sales Tax Fincg Corp	4.750%	07/01/2053	0.0%
Mesquite Hlth Facs Dev Corp., TX	5.125%	02/15/2042	0.0%
Virginia Small Business Fing Auth	5.000%	01/01/2048	0.0%
City of Rockville MD	5.000%	11/01/2042	0.0%
Dallas Fort Worth, TX	5.000%	11/01/2030	0.0%
Texas Transp Comm	0.000%	08/01/2042	0.0%
Pennsylvania Higher Edl Facs Auth	5.000%	11/01/2030	0.0%
New York St Energy Rsch & Dev Auth	3.500%	10/01/2029	0.0%
Texas Transp Comm	0.000%	08/01/2040	0.0%
Maryland Econ Dev Corp.	5.000%	06/01/2049	0.0%
Dutchess Cnty Local Dev Corp., NY	6.000%	10/01/2030	0.0%
St of Alabama Docks Department	5.000%	10/01/2036	0.0%
Norman Y Mineta San Jose International Arpt SJC	5.000%	03/01/2047	0.0%
San Diego Cnty Regl Arpt Auth, CA	4.000%	07/01/2044	0.0%
City of Oroville CA	5.250%	04/01/2049	0.0%
City of Rockville MD	5.000%	11/01/2047	0.0%
Wisconsin Hlth & Edl Facs Auth	5.375%	02/01/2048	0.0%
Pennsylvania Tpk Comm	5.000%	12/01/2039	0.0%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2046	0.0%
New York State Urban Dev Corp.	5.000%	03/15/2033	0.0%
Stockton Unif Sch Dist, CA	5.000%	07/01/2028	0.0%
Fulton Co Dev - GA State Univ Housing	5.000%	09/01/2032	0.0%
Jefferson Cnty, AL	0.000%	10/01/2026	0.0%
CO Hlth Facs - Catholic Hlth	5.250%	02/01/2031	0.0%
Denver Hlth and Hosp Auth, CO	5.250%	12/01/2045	0.0%
Capital Trust Agency Inc	5.000%	12/15/2054	0.0%
Houston Hgr Ed Fin Corp., TX	5.000%	02/15/2042	0.0%
Univ of California Bd of Regents	5.250%	05/15/2038	0.0%
TSASC, Inc.	5.000%	06/01/2036	0.0%
California Muni Fin Auth	5.250%	08/15/2039	0.0%
Los Angeles, CA	5.000%	05/15/2035	0.0%
San Jose, CA	5.500%	05/01/2024	0.0%
Puerto Rico	5.500%	07/01/2027	0.0%
CT Hlth & Ed - Hartford Healthcare	5.000%	07/01/2032	0.0%
City of Atlanta, GA, Department of Aviation	5.250%	01/01/2030	0.0%
Puerto Rico Elec Pwr Auth	5.250%	07/01/2028	0.0%
New York City Transitional Fin Auth	5.000%	07/15/2035	0.0%
Minneapolis St Paul Metro Arpts Comm, MN	5.000%	01/01/2027	0.0%
Maine Hlth & Hgr Edl Facs Auth	6.000%	07/01/2026	0.0%
Nassau Cnty Local Econ Assistance Corp.	5.000%	07/01/2030	0.0%
Metropolitan Pier & Exposition Auth, IL	0.000%	06/15/2046	0.0%
Chicago, IL	5.625%	01/01/2030	0.0%
Cnty of Miami-Dade FL Rickenbacker Causeway Rev	5.000%	10/01/2030	0.0%
Chicago Brd of Ed	5.000%	12/01/2042	0.0%
Charlotte, NC	5.000%	07/01/2033	0.0%
Casitas Muni Wtr Dist	5.250%	09/01/2047	0.0%
Yosemite Comnty Coll Dist, CA	5.000%	08/01/2029	0.0%
Irvine Unif Sch Dist Fincg Auth, CA	5.000%	09/01/2056	0.0%
Miami Dade Cnty Expwy Auth, FL	5.000%	07/01/2028	0.0%
Connecticut Hlth & Educl Facs Auth	5.000%	07/01/2028	0.0%
Atlantic City Board of Education	6.000%	04/01/2034	0.0%
New York City Water & Sewer Auth	1.070%	06/15/2045	0.0%
New York City Mun Fin Auth	5.000%	06/15/2036	0.0%
Sweetwater Un High Sch Dist, CA	5.000%	08/01/2027	0.0%
Cook Cnty, IL	5.000%	11/15/2034	0.0%
California State Pub Wks Bd	5.000%	10/01/2028	0.0%
Cnty of Miami-Dade FL Rickenbacker Causeway Rev	5.000%	10/01/2029	0.0%
Golden St Tobacco Securitization Corp.	5.000%	06/01/2030	0.0%
Maryland Econ Dev Corp.	5.000%	12/01/2016	0.0%
San Jose, CA	6.500%	05/01/2036	0.0%
Michigan Tobacco Settlement Fin Auth	5.125%	06/01/2022	0.0%
Orange Cnty Comnty Facs Dist	5.250%	08/15/2045	0.0%
Harris County Toll Road Authority/The	4.000%	08/15/2048	0.0%
Sonoma Marin Area Rail Transit Dist, CA	5.000%	03/01/2028	0.0%
City of Irvine CA	5.000%	09/01/2044	0.0%
NY Liberty Dev Corp - 3 World Trade Ctr	5.000%	11/15/2044	0.0%
Houston Cnty Cooperative Dist	10.000%	05/01/2039	0.0%
District of Columbia, DC	5.000%	06/01/2032	0.0%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2051	0.0%
Delaware River Port Auth, PA	5.000%	01/01/2029	0.0%
Pub Fin Auth	4.050%	11/01/2030	0.0%
Florida	5.000%	07/01/2034	0.0%
NYC Cultural - Whitney Museum	5.250%	07/01/2026	0.0%
Louisiana Local Govt Envr Facs Comnty Dev Auth	6.500%	11/01/2035	0.0%
Delaware Cnty Indus Dev Auth, PA	5.000%	07/01/2043	0.0%
San Antonio Airport System	5.000%	07/01/2026	0.0%
Pennsylvania St Pub Sch Bldg Auth	5.000%	04/01/2029	0.0%
Florida Hgr Edl Facs Fin Auth	6.375%	04/01/2031	0.0%
Illinois Fin Auth	5.000%	04/01/2021	0.0%
Delano-Earlimart Irrigation District	5.000%	02/01/2028	0.0%
Maryland Econ Dev Corp.	5.000%	06/01/2044	0.0%
Brooklyn Arena Local Dev Corp.	0.000%	07/15/2035	0.0%
Maine Hlth & Hgr Edl Facs Auth	6.750%	07/01/2036	0.0%
Kirkwood Indus Dev Auth	8.000%	05/15/2021	0.0%
California	5.375%	11/01/2035	0.0%
Build NYC Resource Corp., NY	5.000%	06/01/2034	0.0%
Hudson Yards Infrastr Corp., NY	5.750%	02/15/2047	0.0%
ABAG Fin Auth For Nonprofit Corps, CA	5.000%	08/01/2028	0.0%
Alachua Cnty Hlth Facs Auth	8.000%	10/01/2042	0.0%
Jefferson Cnty, AL	0.000%	10/01/2039	0.0%
Stone Canyon Comnty Impt Dist	5.750%	04/01/2027	0.0%
Sparks, NV	6.500%	06/15/2020	0.0%
ABAG Fin Auth For Nonprofit Corps, CA	5.000%	08/01/2027	0.0%
Texas Transp Comm	0.000%	08/01/2046	0.0%
Colorado Hlth Facs Auth	5.000%	10/01/2032	0.0%
Chicago	5.625%	01/01/2035	0.0%
Clifton Hgr Ed Fin Corp., TX	5.000%	08/15/2042	0.0%
San Jose, CA	5.500%	05/01/2026	0.0%
North Texas Tollway Auth	5.000%	01/01/2031	0.0%
Chicago, IL	5.500%	01/01/2042	0.0%
Puerto Rico Elec Pwr Auth	4.250%	07/01/2027	0.0%
Philadelphia Hosp & Hgr Ed Fac Auth, PA	5.625%	07/01/2036	0.0%
Puerto Rico	4.750%	07/01/2018	0.0%
Illinois Fin Auth	5.000%	09/01/2034	0.0%
Dorm Auth of the St of New York	5.000%	05/01/2029	0.0%
Allentown Neighborhood Impt Zone Dev Auth	5.000%	05/01/2027	0.0%
Chicago, IL	5.500%	01/01/2035	0.0%
Metropolitan Washington Arpts Auth, DC	5.000%	10/01/2035	0.0%
Essex Cnty Imp Auth, NJ	6.250%	11/01/2030	0.0%
Stone Canyon Comnty Impt Dist	5.700%	04/01/2022	0.0%
Houston Cnty Cooperative Dist	12.500%	06/07/2013	0.0%
Hudson Co Improvement Auth - Solid Waste	5.750%	01/01/2035	0.0%
Iowa Tobacco Settlement Auth	5.500%	06/01/2042	0.0%
Puerto Rico Elec Pwr Auth	5.000%	07/01/2028	0.0%
Pennsylvania St Pub Sch Bldg Auth	5.000%	04/01/2031	0.0%
Hempstead Town Local Dev Corp., NY	5.000%	10/01/2034	0.0%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2027	0.0%
Miami Dade Cnty Expwy Auth, FL	5.000%	07/01/2027	0.0%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2029	0.0%
New Jersey Hlthcare Facs Fing Auth	5.000%	07/01/2029	0.0%
Puerto Rico Pub Bldgs Auth	5.000%	07/01/2036	0.0%
Gainesville, FL	5.250%	10/01/2034	0.0%
Cumberland Cnty Muni Auth, PA	5.400%	01/01/2022	0.0%
Selma Indus Dev Bd, AL	5.800%	05/01/2034	0.0%
Pennsylvania	5.000%	07/01/2043	0.0%
Cumberland Cnty Muni Auth, PA	5.250%	01/01/2021	0.0%
Puerto Rico Sales Tax Fincg Corp	4.550%	07/01/2040	0.0%
Houston Hgr Ed Fin Corp., TX	6.875%	05/15/2041	0.0%
Westchester Cnty Hlthcare Corp., NY	6.000%	11/01/2030	0.0%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2024	0.0%
Houston Hgr Ed Fin Corp., TX	5.000%	02/15/2032	0.0%
Warren Cnty, MS	5.800%	05/01/2034	0.0%
Puerto Rico Hwy & Transp Auth	4.000%	07/01/2017	0.0%
Buckeye Tobacco Settlement Fing Auth	0.000%	06/01/2052	0.0%
Puerto Rico Sales Tax Fincg Corp	4.536%	07/01/2053	0.0%
Westchester Cnty Hlthcare Corp., NY	6.125%	11/01/2037	0.0%
Middlesex Cnty Impt Auth	6.250%	01/01/2037	0.0%
Middlesex Cnty Impt Auth	6.125%	01/01/2025	0.0%
Dorm Auth of the St of New York	5.000%	05/01/2029	0.0%
Gramercy Farms Comnty Dev Dist	5.250%	05/01/2039	0.0%
US 20YR Treasury Future Mar 2010	-	-	0.0%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 01/22/2020: $0
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	12/31/2019	$0.02208	$11.80
Daily	Daily	11/30/2019	$0.02298	$11.78
Daily	Daily	10/31/2019	$0.02286	$11.79
Daily	Daily	09/30/2019	$0.02310	$11.82
Daily	Daily	08/31/2019	$0.02303	$11.94
Daily	Daily	07/31/2019	$0.02372	$11.72
Daily	Daily	06/30/2019	$0.02470	$11.66
Daily	Daily	05/31/2019	$0.02447	$11.63
Daily	Daily	04/30/2019	$0.02518	$11.47
Daily	Daily	03/31/2019	$0.02489	$11.43
Daily	Daily	02/28/2019	$0.02721	$11.23
Daily	Daily	01/31/2019	$0.02554	$11.18

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	01/31/2020
Daily	Daily	02/29/2020
Daily	Daily	03/31/2020
Daily	Daily	04/30/2020
Daily	Daily	05/31/2020
Daily	Daily	06/30/2020
Daily	Daily	07/31/2020
Daily	Daily	08/31/2020
Daily	Daily	09/30/2020
Daily	Daily	10/31/2020
Daily	Daily	11/30/2020
Daily	Daily	12/31/2020

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/10/1998	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

Record Date	Ex-Dividend Date
12/21/2020	12/22/2020

Fees & Expenses

Expense Ratioas of 12/31/2019

Fund Gross Expense Ratio	Fund Net Expense Ratio
1.39%	1.37%

Expense ratio details, Click here.

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.

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	Prospectus (XBRL) 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
	Commentary Publish Date:11/03/2015

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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.

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.

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

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.

Class C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

Class C shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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 Barclays 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 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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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 01/22/2020

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

Fund Basicsas of 12/31/2019

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

RELATED CONTENT

Credit Quality Distribution as of 12/31/2019 View Portfolio

Investment Team

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 01/22/2020

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

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

Fund Expense Ratio :

Gross 1.39%

Net 1.37%

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 12/31/2019

Portfolio Positioning as of 12/31/2019

Portfolio Details as of 12/31/2019

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Dividend Yield ¹ as of 01/22/2020

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

Dividend Yield ¹ as of 01/22/2020

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