National Tax Free Fund

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Daily price w/o sales charge as of 09/25/2020

$11.72

$0.00

YTD Returns w/o sales charge as of 09/25/2020

1.69%

Overall Morningstar Ratings

Muni National Long

as of 08/31/2020

Morningstar rated the Lord Abbett National Tax Free Fund class F share 4, 4 and 4 stars among 146, 132 and 104 Muni National Long Funds for the overall rating and the 3, 5 and 10 year periods ended 8/31/2020, respectively.

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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 09/25/2020

w/o sales charge

2.83%

30-Day Standardized Yield ² as of 08/31/2020

1.73%

Fund Basicsas of 08/31/2020

Total Net Assets: $3.78 B
Inception Date: 09/28/2007
Dividend Frequency: Monthly
Fund Gross Expense Ratio: 0.67%
Fund Net Expense Ratio: 0.65%
Number of Holdings: 852

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	1.83%	1.74%	4.32%	4.44%	4.75%	4.65%
Lipper Category Avg. General & Insured Municipal Debt Funds	2.39%	2.10%	3.72%	3.71%	3.81%	-
Bloomberg Barclays Municipal Bond Index	3.31%	3.24%	4.09%	3.99%	3.98%	4.49%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	-0.12%	2.64%	4.33%	4.17%	4.96%	4.56%
Lipper Category Avg. General & Insured Municipal Debt Funds	0.77%	2.94%	3.65%	3.51%	4.02%	-
Bloomberg Barclays Municipal Bond Index	2.08%	4.45%	4.22%	3.93%	4.22%	4.45%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

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

Credit Quality Distribution as of 08/31/2020 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

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Performance

Dividend Yield ¹ as of 09/25/2020

w/o sales charge

2.83%

30-Day Standardized Yield ² as of 08/31/2020

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	1.73%	1.73%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	1.83%	1.74%	4.32%	4.44%	4.75%	4.65%
Lipper Category Avg. General & Insured Municipal Debt Funds	2.39%	2.10%	3.72%	3.71%	3.81%	-
Bloomberg Barclays Municipal Bond Index	3.31%	3.24%	4.09%	3.99%	3.98%	4.49%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	-0.12%	2.64%	4.33%	4.17%	4.96%	4.56%
Lipper Category Avg. General & Insured Municipal Debt Funds	0.77%	2.94%	3.65%	3.51%	4.02%	-
Bloomberg Barclays Municipal Bond Index	2.08%	4.45%	4.22%	3.93%	4.22%	4.45%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

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

Year	Fund Returns	Bloomberg Barclays Municipal Bond Index

2019	9.39%	7.54%
2018	0.91%	1.28%
2017	7.18%	5.45%
2016	0.36%	0.25%
2015	3.47%	3.30%
2014	12.94%	9.05%
2013	-6.03%	-2.55%
2012	13.87%	6.78%
2011	11.19%	10.70%
2010	2.28%	2.38%
2009	24.77%	-
2008	-15.25%	-
2007	-1.00%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2020	-3.36%	3.36%	-	-	1.70%
2019	3.49%	2.85%	2.07%	0.67%	9.39%
2018	-1.10%	1.29%	-0.32%	1.06%	0.91%
2017	1.89%	2.13%	1.70%	1.27%	7.18%
2016	2.07%	3.53%	-0.02%	-5.01%	0.36%
2015	1.26%	-1.20%	1.38%	2.01%	3.47%
2014	4.75%	3.62%	2.21%	1.80%	12.94%
2013	0.61%	-4.71%	-2.00%	0.03%	-6.03%
2012	4.79%	2.77%	3.81%	1.85%	13.87%
2011	-0.08%	5.06%	3.44%	2.40%	11.19%
2010	2.27%	1.59%	4.54%	-5.84%	2.28%
2009	7.37%	5.79%	11.06%	-1.10%	24.77%
2008	-1.88%	0.47%	-6.06%	-8.49%	-15.25%
2007	-	-	-	-1.00%	-1.00%

NAV Historical Prices

Date	Net Asset Value

Portfolio

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

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

Credit Quality Distribution as of 08/31/2020

Rating	Assets
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Positioning as of 06/30/2020

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 Fund is overweight the industrial development sector which stands to benefit from better-than-expected corporate earnings and the Federal Reserve’s support for the corporate bond market.
Municipals are now positive on the year despite volatility towards the end of the first quarter of 2020. The recovery in the tax-free market has taken place without much support from the federal government compared to taxable fixed income markets. However, the market is anticipating more support from U.S. Congress in the future.
State and local municipalities have seen revenues decline in the economic downturn due to individuals’ ability to defer their tax payments for several months. Despite these headwinds, municipalities have been cutting expenses and taking steps to remain financially healthy.

Portfolio Details as of 08/31/2020

Total Net Assets: $3.78 B
Number of Issues: 852
Average Coupon: 4.5%
Average Effective Maturity: 19.6 Years
Average Effective Duration: 7.38 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

New York State Urban Development Corp	4.000%	03/15/2045	0.1%
Omaha Public Power District Nebraska City Station	5.250%	02/01/2042	0.1%
California Health Facilities Financing Authority	4.000%	08/15/2050	0.1%
Montana Facility Finance Authority	5.000%	07/01/2043	0.1%
Palomar Health	5.000%	11/01/2036	0.1%
City of Los Angeles Department of Airports	5.000%	05/15/2041	0.1%
Metropolitan Transportation Authority	5.000%	11/15/2050	0.1%
Golden State Tobacco Securitization Corp	5.250%	06/01/2047	0.1%
North Carolina Turnpike Authority	4.000%	01/01/2055	0.1%
State of California	5.000%	08/01/2038	0.1%

% of Total Assets			1.0%

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.

Holding	Coupon	Maturity	Assets

Buckeye Tobacco Settlement Financing Authority	5.000%	06/01/2055	1.0%
Kansas City Industrial Development Authority	5.000%	03/01/2054	0.8%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	5.000%	07/01/2058	0.7%
Duluth Economic Development Authority	5.250%	02/15/2058	0.6%
City of Chicago IL	6.000%	01/01/2038	0.6%
Salt Verde Financial Corp	5.000%	12/01/2037	0.6%
New Jersey Transportation Trust Fund Authority	4.000%	06/15/2050	0.6%
Connecticut State Health & Educational Facilities	4.000%	07/01/2049	0.6%
New York Transportation Development Corp	5.250%	01/01/2050	0.6%
Louisiana Local Government Environmental Facilitie	3.500%	11/01/2032	0.6%
Metropolitan Nashville Airport Authority/The	4.000%	07/01/2049	0.6%
State of Hawaii Department of Budget & Finance	3.200%	07/01/2039	0.5%
Lower Alabama Gas District/The	5.000%	09/01/2046	0.5%
Commonwealth Financing Authority	4.000%	06/01/2039	0.5%
North Carolina Turnpike Authority	4.000%	01/01/2037	0.5%
Central Plains Energy Project	5.000%	09/01/2042	0.4%
New York State Urban Development Corp	3.000%	03/15/2048	0.4%
California Municipal Finance Authority	4.000%	12/31/2047	0.4%
Riverside County Redevelopment Successor Agency	0.000%	10/01/2041	0.4%
Chicago O'Hare International Airport	4.000%	01/01/2044	0.4%
California Pollution Control Financing Authority	5.000%	11/21/2045	0.4%
State of Hawaii Airports System Revenue	5.000%	07/01/2048	0.4%
Kentucky Public Energy Authority	4.000%	02/01/2050	0.4%
County of Trimble KY	3.750%	06/01/2033	0.4%
Pennsylvania Higher Educational Facilities Authori	4.000%	08/15/2049	0.4%
New York Transportation Development Corp	5.000%	01/01/2033	0.4%
State of Ohio	4.000%	01/15/2050	0.4%
Long Beach Bond Finance Authority	5.500%	11/15/2037	0.4%
Foothill-Eastern Transportation Corridor Agency	3.500%	01/15/2053	0.4%
Tennessee Energy Acquisition Corp	5.625%	09/01/2026	0.4%
City of Greensboro NC Combined Water & Sewer Syste	2.500%	06/01/2050	0.3%
San Joaquin Hills Transportation Corridor Agency	5.000%	01/15/2050	0.3%
County of Campbell WY	3.625%	07/15/2039	0.3%
Delaware State Economic Development Authority	5.375%	10/01/2045	0.3%
Main Street Natural Gas Inc	5.000%	05/15/2049	0.3%
Maryland Health & Higher Educational Facilities Au	6.250%	07/01/2031	0.3%
Chicago O'Hare International Airport	5.000%	01/01/2048	0.3%
City of Chicago IL	5.500%	01/01/2049	0.3%
New Jersey Transportation Trust Fund Authority	0.000%	12/15/2029	0.3%
New Mexico Municipal Energy Acquisition Authority	5.000%	11/01/2039	0.3%
California Housing Finance	4.000%	03/20/2033	0.3%
Commonwealth of Pennsylvania	4.000%	09/15/2030	0.3%
Chicago O'Hare International Airport	5.000%	01/01/2053	0.3%
City of Baltimore MD	5.000%	07/01/2046	0.3%
Maine Health & Higher Educational Facilities Autho	7.500%	07/01/2032	0.3%
New York City Industrial Development Agency	5.000%	07/01/2028	0.3%
New Jersey Transportation Trust Fund Authority	5.000%	06/15/2046	0.3%
Tobacco Securitization Authority of Southern Calif	5.000%	06/01/2048	0.3%
County of Miami-Dade FL Aviation Revenue	5.000%	10/01/2034	0.3%
Metropolitan Boston Transit Parking Corp	5.250%	07/01/2033	0.3%
City of Philadelphia PA	5.000%	08/01/2036	0.3%
Metropolitan Pier & Exposition Authority	0.000%	12/15/2036	0.3%
Maryland Health & Higher Educational Facilities Au	5.500%	01/01/2046	0.3%
Salem County Pollution Control Financing Authority	5.000%	12/01/2023	0.3%
Nebraska Educational Health Cultural & Social Serv	4.000%	01/01/2049	0.3%
County of Cook IL	5.000%	11/15/2024	0.3%
New York City Transitional Finance Authority Build	5.000%	07/15/2030	0.3%
State of California	5.000%	02/01/2033	0.3%
Foothill-Eastern Transportation Corridor Agency	6.000%	01/15/2049	0.3%
Chicago O'Hare International Airport	5.000%	01/01/2052	0.3%
Texas Municipal Gas Acquisition & Supply Corp III	5.000%	12/15/2029	0.3%
Pennsylvania Turnpike Commission	5.000%	06/01/2029	0.3%
State of Connecticut	5.000%	11/01/2027	0.3%
State of Connecticut	5.000%	11/01/2028	0.3%
Metropolitan Transportation Authority	5.250%	11/15/2044	0.3%
County of Cuyahoga OH	5.500%	02/15/2052	0.3%
County of Osceola FL Transportation Revenue	4.000%	10/01/2054	0.3%
Louisville and Jefferson County Metropolitan Sewer	5.000%	05/15/2028	0.3%
Central Texas Regional Mobility Authority	6.000%	01/01/2041	0.3%
State of Illinois	5.500%	07/01/2033	0.3%
South Carolina Jobs-Economic Development Authority	5.000%	12/01/2046	0.3%
University of Connecticut	5.250%	11/15/2047	0.3%
Washington & Multnomah Counties School District No	5.000%	06/15/2036	0.3%
San Francisco City & County Airport Comm-San Franc	5.000%	05/01/2050	0.3%
Triborough Bridge & Tunnel Authority	4.000%	11/15/2054	0.3%
Central Plains Energy Project	5.250%	09/01/2037	0.3%
State of Illinois	5.500%	05/01/2039	0.3%
Foothill-Eastern Transportation Corridor Agency	6.000%	01/15/2053	0.3%
City of San Antonio TX Airport System	5.000%	07/01/2045	0.3%
Hampton Roads Transportation Accountability Commis	5.500%	07/01/2057	0.3%
Texas Water Development Board	4.000%	10/15/2037	0.3%
Kentucky Municipal Power Agency	4.000%	09/01/2045	0.3%
New York City Housing Development Corp	3.350%	11/01/2065	0.3%
County of Sacramento CA Airport System Revenue	5.000%	07/01/2041	0.3%
State of California	5.250%	08/01/2032	0.3%
California Educational Facilities Authority	5.000%	05/01/2045	0.3%
California State Public Works Board	5.000%	04/01/2033	0.3%
State of Illinois	4.000%	11/01/2043	0.3%
Arizona Industrial Development Authority	3.625%	05/20/2033	0.2%
City of Phoenix Civic Improvement Corp	4.000%	07/01/2037	0.2%
County of Jefferson AL Sewer Revenue	6.500%	10/01/2053	0.2%
Long Beach Bond Finance Authority	1.712%	11/15/2027	0.2%
Parish of St John the Baptist LA	2.000%	06/01/2037	0.2%
Delaware River Port Authority	5.000%	01/01/2034	0.2%
Clifton Higher Education Finance Corp	6.125%	08/15/2048	0.2%
City & County of Denver CO Airport System Revenue	5.250%	11/15/2043	0.2%
Virginia Small Business Financing Authority	5.000%	07/01/2049	0.2%
Triborough Bridge & Tunnel Authority	5.000%	11/15/2054	0.2%
New Hampshire Health and Education Facilities Auth	5.000%	08/01/2059	0.2%
California Infrastructure & Economic Development B	5.250%	10/01/2034	0.2%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.329%	07/01/2040	0.2%
State of Connecticut Special Tax Revenue	5.000%	01/01/2037	0.2%
County of Hillsborough FL	3.250%	08/01/2048	0.2%
Greater Orlando Aviation Authority	4.000%	10/01/2044	0.2%
Oklahoma Development Finance Authority	5.500%	08/15/2057	0.2%
Louisiana Public Facilities Authority	6.250%	05/15/2031	0.2%
Iowa Finance Authority	5.250%	12/01/2025	0.2%
Michigan Finance Authority	4.000%	11/15/2050	0.2%
County of Lucas OH	5.250%	11/15/2048	0.2%
Golden State Tobacco Securitization Corp	5.000%	06/01/2047	0.2%
Indianapolis Local Public Improvement Bond Bank	5.000%	02/01/2031	0.2%
New Jersey Economic Development Authority	5.625%	01/01/2052	0.2%
City of Philadelphia PA Water & Wastewater Revenue	5.250%	10/01/2052	0.2%
Wisconsin Health & Educational Facilities Authorit	4.000%	02/15/2050	0.2%
California Municipal Finance Authority	5.000%	02/01/2047	0.2%
Escambia County Health Facilities Authority	4.000%	08/15/2050	0.2%
University of North Carolina at Wilmington	5.000%	06/01/2037	0.2%
Buckeye Tobacco Settlement Financing Authority	3.000%	06/01/2048	0.2%
Metropolitan Pier & Exposition Authority	0.000%	12/15/2037	0.2%
New Jersey Transportation Trust Fund Authority	0.000%	12/15/2028	0.2%
Maryland Health & Higher Educational Facilities Au	5.000%	07/01/2038	0.2%
Maryland Stadium Authority	5.000%	05/01/2050	0.2%
Parish of St John the Baptist LA	2.100%	06/01/2037	0.2%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.329%	07/01/2040	0.2%
University of North Carolina at Chapel Hill	5.000%	02/01/2045	0.2%
Southwest Local School District/Hamilton County	4.000%	01/15/2055	0.2%
California Housing Finance	4.250%	01/15/2035	0.2%
San Francisco City & County Airport Comm-San Franc	5.250%	05/01/2033	0.2%
Golden State Tobacco Securitization Corp	5.000%	06/01/2047	0.2%
California County Tobacco Securitization Agency	4.000%	06/01/2049	0.2%
City of Reno NV	4.000%	06/01/2046	0.2%
Metropolitan Pier & Exposition Authority	0.000%	12/15/2030	0.2%
New Hampshire Business Finance Authority	4.125%	01/20/2034	0.2%
City of New York NY	5.000%	08/01/2027	0.2%
County of Allen OH Hospital Facilities Revenue	5.000%	05/01/2033	0.2%
Maryland State Transportation Authority	3.000%	06/01/2036	0.2%
Michigan State Building Authority	4.000%	04/15/2054	0.2%
Tobacco Settlement Financing Corp/VA	5.000%	06/01/2047	0.2%
California Statewide Communities Development Autho	5.500%	12/01/2054	0.2%
State of Illinois	5.000%	12/01/2036	0.2%
Foothill-Eastern Transportation Corridor Agency	6.250%	01/15/2033	0.2%
Matagorda County Navigation District No 1	2.600%	11/01/2029	0.2%
Salt Verde Financial Corp	5.000%	12/01/2032	0.2%
Erie County Industrial Development Agency/The	5.250%	05/01/2028	0.2%
Erie County Industrial Development Agency/The	5.000%	05/01/2026	0.2%
Gainesville & Hall County Hospital Authority	5.000%	02/15/2032	0.2%
County of Richland SC	3.875%	04/01/2023	0.2%
Kentucky Bond Development Corp	4.000%	09/01/2048	0.2%
Public Authority for Colorado Energy	6.500%	11/15/2038	0.2%
California Statewide Communities Development Autho	4.000%	04/01/2045	0.2%
Indiana Finance Authority	5.000%	07/01/2035	0.2%
New Jersey Transportation Trust Fund Authority	5.000%	06/15/2038	0.2%
San Antonio Convention Hotel Finance Corp	5.000%	07/15/2039	0.2%
New Jersey Transportation Trust Fund Authority	4.000%	06/15/2044	0.2%
Michigan State Housing Development Authority	3.600%	10/01/2060	0.2%
New York State Dormitory Authority	5.000%	01/01/2047	0.2%
Illinois Finance Authority	4.750%	10/15/2040	0.2%
Louisiana Public Facilities Authority	4.000%	04/01/2050	0.2%
Metropolitan Transportation Authority	5.250%	11/15/2055	0.2%
Michigan Finance Authority	4.000%	12/01/2049	0.2%
New Jersey Economic Development Authority	5.000%	06/15/2047	0.2%
State of Illinois	5.000%	03/01/2030	0.2%
City of Baltimore MD	4.000%	07/01/2049	0.2%
City of Phoenix Civic Improvement Corp	4.000%	07/01/2038	0.2%
State of Illinois	5.000%	01/01/2035	0.2%
State of Hawaii Department of Budget & Finance	3.100%	05/01/2026	0.2%
Texas Municipal Gas Acquisition & Supply Corp III	5.000%	12/15/2030	0.2%
Illinois Finance Authority	6.125%	09/01/2039	0.2%
New York City Industrial Development Agency	0.000%	03/01/2030	0.2%
School District of Philadelphia/The	4.000%	09/01/2039	0.2%
City of Tampa FL	5.000%	07/01/2050	0.2%
Montana Facility Finance Authority	5.000%	07/01/2048	0.2%
Chicago O'Hare International Airport	5.000%	01/01/2047	0.2%
Indiana Finance Authority	5.000%	07/01/2044	0.2%
Central Texas Regional Mobility Authority	5.000%	01/01/2042	0.2%
Central Texas Turnpike System	5.000%	08/15/2033	0.2%
Mid-Bay Bridge Authority	7.250%	10/01/2034	0.2%
New York City Transitional Finance Authority Build	5.000%	07/15/2031	0.2%
Pulaski County Public Facilities Board	5.000%	12/01/2039	0.2%
City of Minneapolis MN	5.000%	11/15/2049	0.2%
New Jersey Economic Development Authority	5.000%	11/01/2044	0.2%
New York State Urban Development Corp	4.000%	03/15/2045	0.2%
Virginia Small Business Financing Authority	5.250%	01/01/2032	0.2%
Illinois Finance Authority	4.000%	10/01/2049	0.2%
Louisiana Public Facilities Authority	5.000%	04/01/2045	0.2%
Gainesville & Hall County Hospital Authority	5.500%	08/15/2054	0.2%
Metropolitan Nashville Airport Authority/The	5.000%	07/01/2049	0.2%
Development Authority of Appling County	0.240%	09/01/2041	0.2%
Lee Memorial Health System	4.000%	04/01/2049	0.2%
New Jersey Turnpike Authority	4.000%	01/01/2043	0.2%
South Carolina Ports Authority	5.000%	07/01/2044	0.2%
Arlington Higher Education Finance Corp	7.650%	08/15/2040	0.2%
County of Cuyahoga OH	5.500%	02/15/2057	0.2%
Central Plains Energy Project	5.000%	09/01/2032	0.2%
Salt Lake City Corp Airport Revenue	5.000%	07/01/2034	0.2%
Texas Private Activity Bond Surface Transportation	5.000%	06/30/2058	0.2%
Tuscaloosa City Board of Education	5.000%	08/01/2046	0.2%
Municipal Electric Authority of Georgia	5.000%	01/01/2048	0.2%
West Virginia Parkways Authority	4.000%	06/01/2047	0.2%
California State Public Works Board	5.000%	12/01/2028	0.2%
FHLMC Multifamily VRD Certificates	4.600%	12/15/2044	0.2%
Foothill-Eastern Transportation Corridor Agency	5.750%	01/15/2046	0.2%
Indiana Finance Authority	5.250%	02/01/2032	0.2%
Miami-Dade County Educational Facilities Authority	5.000%	04/01/2053	0.2%
North Texas Tollway Authority	5.000%	01/01/2048	0.2%
University of Houston	3.000%	02/15/2044	0.2%
Kentucky Municipal Power Agency	5.000%	09/01/2035	0.2%
Kentucky Municipal Power Agency	5.000%	09/01/2036	0.2%
Massachusetts Port Authority	4.000%	07/01/2046	0.2%
Railsplitter Tobacco Settlement Authority	6.000%	06/01/2028	0.2%
Suffolk Tobacco Asset Securitization Corp	5.375%	06/01/2028	0.2%
California Municipal Finance Authority	5.000%	12/31/2038	0.2%
Florida Development Finance Corp	7.625%	06/15/2041	0.2%
New Jersey Educational Facilities Authority	4.000%	09/01/2029	0.2%
State of California	4.000%	09/01/2037	0.2%
Massachusetts Development Finance Agency	5.000%	07/01/2035	0.2%
City of Chicago IL	5.000%	01/01/2034	0.2%
Tobacco Settlement Financing Corp	5.000%	06/01/2031	0.2%
Vermont Educational & Health Buildings Financing A	4.000%	11/01/2050	0.2%
City of Chicago IL	5.000%	01/01/2026	0.2%
County of Baltimore MD	4.000%	01/01/2045	0.2%
Martin County Health Facilities Authority	4.000%	01/01/2046	0.2%
New York City Health and Hospitals Corp	5.000%	02/15/2030	0.2%
New York City Water & Sewer System	0.150%	06/15/2045	0.2%
North Sumter County Utility Dependent District	5.000%	10/01/2032	0.2%
State of Illinois	5.500%	07/01/2038	0.2%
TSASC Inc/NY	5.000%	06/01/2048	0.2%
City & County of Denver CO Airport System Revenue	4.000%	12/01/2043	0.2%
City of New York NY	0.140%	12/01/2047	0.2%
Massachusetts Development Finance Agency	4.000%	07/01/2041	0.2%
State of Hawaii Airports System Revenue	5.000%	07/01/2041	0.2%
California Educational Facilities Authority	5.000%	04/01/2045	0.2%
Central Florida Expressway Authority	4.000%	07/01/2035	0.2%
City of Chicago IL Waterworks Revenue	5.000%	11/01/2029	0.2%
City of Compton CA Water Revenue	6.000%	08/01/2039	0.2%
Maricopa County Pollution Control Corp	3.600%	02/01/2040	0.2%
Metropolitan Government Nashville & Davidson Count	5.250%	10/01/2058	0.2%
New York State Dormitory Authority	5.000%	07/01/2040	0.2%
Pennsylvania Economic Development Financing Author	1.750%	08/01/2038	0.2%
California Health Facilities Financing Authority	5.250%	08/15/2031	0.2%
Mission Economic Development Corp	4.625%	10/01/2031	0.2%
University of Illinois	4.000%	04/01/2038	0.2%
Bay Area Toll Authority	4.000%	04/01/2049	0.2%
Canaveral Port Authority	5.000%	06/01/2048	0.2%
Inland Valley Development Agency	5.250%	09/01/2037	0.2%
Municipal Electric Authority of Georgia	4.000%	01/01/2049	0.2%
New Jersey Economic Development Authority	5.000%	06/15/2042	0.2%
Berks County Industrial Development Authority	5.000%	11/01/2036	0.2%
City of Baltimore MD	5.000%	07/01/2039	0.2%
Savannah Hospital Authority	4.000%	07/01/2043	0.2%
Metropolitan Washington Airports Authority	5.000%	10/01/2035	0.1%
Metropolitan Washington Airports Authority Dulles	4.000%	10/01/2053	0.1%
New York City Transitional Finance Authority Futur	0.180%	02/01/2045	0.1%
Hoover Industrial Development Board	5.750%	10/01/2049	0.1%
City of Chicago IL	5.500%	01/01/2042	0.1%
North Sumter County Utility Dependent District	5.375%	10/01/2030	0.1%
City of Reno NV	4.000%	06/01/2043	0.1%
Vermont Educational & Health Buildings Financing A	5.000%	12/01/2035	0.1%
Canaveral Port Authority	5.000%	06/01/2045	0.1%
New York Transportation Development Corp	5.000%	07/01/2046	0.1%
King County Public Hospital District No 4	5.000%	12/01/2038	0.1%
Massachusetts Educational Financing Authority	4.125%	07/01/2046	0.1%
Norman Y Mineta San Jose International Airport SJC	6.250%	03/01/2034	0.1%
Ohio Air Quality Development Authority	2.100%	07/01/2028	0.1%
State of Connecticut Special Tax Revenue	5.000%	01/01/2038	0.1%
Iowa Finance Authority	4.750%	08/01/2042	0.1%
Main Street Natural Gas Inc	5.000%	05/15/2038	0.1%
New Jersey Economic Development Authority	5.000%	06/15/2043	0.1%
New Jersey Transportation Trust Fund Authority	0.000%	12/15/2030	0.1%
San Francisco City & County Airport Comm-San Franc	5.000%	05/01/2025	0.1%
Virginia Small Business Financing Authority	5.000%	07/01/2034	0.1%
City of Philadelphia PA Airport Revenue	5.000%	07/01/2042	0.1%
Maryland Economic Development Corp	4.000%	07/01/2039	0.1%
New Jersey Economic Development Authority	3.000%	08/01/2041	0.1%
Pennsylvania Economic Development Financing Author	3.250%	08/01/2039	0.1%
Virginia Small Business Financing Authority	5.000%	01/01/2044	0.1%
Berks County Industrial Development Authority	4.000%	11/01/2038	0.1%
City of Upland CA	6.375%	01/01/2032	0.1%
County of Miami-Dade FL Aviation Revenue	5.000%	10/01/2028	0.1%
Michigan State Hospital Finance Authority	5.000%	11/15/2047	0.1%
Texas Municipal Gas Acquisition & Supply Corp III	5.000%	12/15/2031	0.1%
Central Texas Regional Mobility Authority	5.000%	01/01/2045	0.1%
Commonwealth of Pennsylvania	4.000%	03/01/2037	0.1%
County of Luzerne PA	5.000%	11/15/2029	0.1%
Metropolitan Transportation Authority	4.000%	02/01/2022	0.1%
New Hampshire Business Finance Authority	4.875%	11/01/2042	0.1%
Niagara Area Development Corp	4.750%	11/01/2042	0.1%
Oneida County Local Development Corp	4.000%	12/01/2049	0.1%
Special Care Facilities Financing Authority of the	5.000%	12/01/2031	0.1%
Allentown Neighborhood Improvement Zone Developmen	5.000%	05/01/2035	0.1%
California Statewide Communities Development Autho	4.000%	07/01/2048	0.1%
Port Authority of New York & New Jersey	6.000%	12/01/2036	0.1%
State of Illinois	5.000%	05/01/2038	0.1%
City of Chicago IL	5.000%	01/01/2040	0.1%
Health & Educational Facilities Authority of the S	4.000%	02/15/2054	0.1%
New Jersey Health Care Facilities Financing Author	5.750%	07/01/2037	0.1%
Tuscaloosa County Industrial Development Authority	4.500%	05/01/2032	0.1%
New Jersey Transportation Trust Fund Authority	5.000%	12/15/2035	0.1%
New Jersey Transportation Trust Fund Authority	5.000%	12/15/2023	0.1%
Montgomery County Industrial Development Authority	5.000%	10/01/2027	0.1%
New York City Industrial Development Agency	0.977%	03/01/2024	0.1%
Vermont Student Assistance Corp	3.375%	06/15/2036	0.1%
San Francisco City & County Airport Comm-San Franc	5.250%	05/01/2042	0.1%
County of Franklin OH	6.125%	07/01/2040	0.1%
County of Montgomery OH	4.000%	11/15/2042	0.1%
New York State Dormitory Authority	5.000%	07/01/2031	0.1%
Omaha Public Power District Nebraska City Station	5.250%	02/01/2042	0.1%
Texas Municipal Gas Acquisition & Supply Corp III	5.000%	12/15/2028	0.1%
California Municipal Finance Authority	2.650%	08/01/2036	0.1%
Massachusetts Development Finance Agency	5.000%	07/01/2048	0.1%
Massachusetts Development Finance Agency	4.000%	06/01/2049	0.1%
Metropolitan Pier & Exposition Authority	5.500%	06/15/2053	0.1%
Salt Verde Financial Corp	5.250%	12/01/2027	0.1%
California Health Facilities Financing Authority	4.000%	08/15/2050	0.1%
City & County of Denver CO Airport System Revenue	4.000%	12/01/2048	0.1%
El Dorado Irrigation District	5.000%	03/01/2034	0.1%
Metropolitan Transportation Authority	5.000%	11/15/2035	0.1%
New York State Urban Development Corp	4.000%	03/15/2045	0.1%
Ohio Air Quality Development Authority	5.000%	07/01/2049	0.1%
Central Texas Turnpike System	3.000%	08/15/2040	0.1%
North Texas Tollway Authority	5.000%	01/01/2040	0.1%
Palomar Health	5.000%	11/01/2036	0.1%
Montana Facility Finance Authority	5.000%	07/01/2043	0.1%
State of California	5.000%	08/01/2038	0.1%
City of Los Angeles Department of Airports	5.000%	05/15/2041	0.1%
City of Atlanta GA Airport Passenger Facility Char	5.000%	01/01/2031	0.1%
North Carolina Turnpike Authority	4.000%	01/01/2055	0.1%
Golden State Tobacco Securitization Corp	5.250%	06/01/2047	0.1%
City of Tampa FL	4.000%	07/01/2045	0.1%
Oklahoma Development Finance Authority	4.000%	08/15/2048	0.1%
Washington Health Care Facilities Authority	5.000%	07/01/2038	0.1%
Gainesville & Hall County Hospital Authority	5.000%	02/15/2030	0.1%
Greenville Health System	5.000%	05/01/2034	0.1%
Massachusetts Development Finance Agency	5.000%	07/01/2032	0.1%
Montgomery County Higher Education and Health Auth	4.000%	09/01/2049	0.1%
Port Authority of New York & New Jersey	5.250%	10/15/2055	0.1%
State of Connecticut Special Tax Revenue	5.000%	08/01/2034	0.1%
Alameda Corridor Transportation Authority	5.000%	10/01/2034	0.1%
City of San Jose CA Hotel Tax Revenue	6.125%	05/01/2031	0.1%
Detroit City School District	5.000%	05/01/2029	0.1%
Prichard Water Works & Sewer Board	4.000%	11/01/2049	0.1%
Louisiana Public Facilities Authority	4.000%	06/01/2050	0.1%
New Jersey Economic Development Authority	5.000%	03/01/2028	0.1%
Chandler Industrial Development Authority	2.700%	12/01/2037	0.1%
City of Chicago IL	5.000%	01/01/2034	0.1%
Tobacco Settlement Financing Corp	5.000%	06/01/2046	0.1%
County of Cook IL Sales Tax Revenue	4.000%	11/15/2034	0.1%
New York Transportation Development Corp	5.000%	01/01/2034	0.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.750%	07/01/2053	0.1%
San Diego Unified School District/CA	3.250%	07/01/2048	0.1%
State of Illinois	5.000%	01/01/2033	0.1%
Union County Utilities Authority	4.750%	12/01/2031	0.1%
Main Street Natural Gas Inc	5.000%	05/15/2037	0.1%
New Jersey Transportation Trust Fund Authority	5.000%	12/15/2036	0.1%
State of Connecticut Bradley International Airport	5.000%	07/01/2049	0.1%
Pennsylvania Higher Educational Facilities Authori	4.000%	05/01/2050	0.1%
City of Philadelphia PA	5.000%	08/01/2037	0.1%
County of Jefferson AL Sewer Revenue	5.500%	10/01/2053	0.1%
E-470 Public Highway Authority	0.000%	09/01/2037	0.1%
Michigan Finance Authority	4.000%	11/01/2048	0.1%
Pennsylvania Higher Educational Facilities Authori	4.000%	05/01/2041	0.1%
City of Philadelphia PA Water & Wastewater Revenue	5.000%	07/01/2030	0.1%
Essex County Improvement Authority	5.250%	07/01/2045	0.1%
Railsplitter Tobacco Settlement Authority	5.000%	06/01/2027	0.1%
California Municipal Finance Authority	4.000%	12/31/2047	0.1%
State of Connecticut Bradley International Airport	4.000%	07/01/2049	0.1%
Development Authority of Burke County/The	4.125%	11/01/2045	0.1%
Illinois Sports Facilities Authority/The	5.000%	06/15/2027	0.1%
Main Street Natural Gas Inc	5.000%	05/15/2043	0.1%
City of Chicago IL Waterworks Revenue	5.000%	11/01/2039	0.1%
County of Lee FL Airport Revenue	5.375%	10/01/2032	0.1%
Love Field Airport Modernization Corp	5.250%	11/01/2040	0.1%
New Jersey Economic Development Authority	6.000%	10/01/2043	0.1%
Parish of St James LA	6.350%	07/01/2040	0.1%
Berks County Municipal Authority/The	5.000%	02/01/2040	0.1%
County of Jefferson AL Sewer Revenue	0.000%	10/01/2027	0.1%
Pennsylvania Turnpike Commission	4.000%	12/01/2049	0.1%
State of Illinois	5.000%	01/01/2041	0.1%
Washington Higher Education Facilities Authority	4.000%	05/01/2050	0.1%
Massachusetts Port Authority	5.000%	07/01/2045	0.1%
Metropolitan Washington Airports Authority	5.000%	10/01/2027	0.1%
New York State Dormitory Authority	5.000%	08/01/2030	0.1%
Pennsylvania Turnpike Commission	4.000%	12/01/2038	0.1%
California Statewide Communities Development Autho	5.500%	12/01/2058	0.1%
Chicago Board of Education	5.000%	12/01/2046	0.1%
Indiana Finance Authority	3.000%	11/01/2030	0.1%
Maricopa County Pollution Control Corp	3.600%	04/01/2040	0.1%
New York Liberty Development Corp	5.000%	11/15/2044	0.1%
Ohio Air Quality Development Authority	3.250%	09/01/2029	0.1%
Colorado Health Facilities Authority	5.000%	08/01/2044	0.1%
Development Authority for Fulton County	4.000%	04/01/2050	0.1%
Sacramento City Financing Authority	5.250%	12/01/2023	0.1%
Tuscaloosa County Industrial Development Authority	5.250%	05/01/2044	0.1%
Fort Bend County Industrial Development Corp	4.750%	05/01/2038	0.1%
New Jersey Transportation Trust Fund Authority	0.000%	12/15/2038	0.1%
New York Transportation Development Corp	5.000%	01/01/2030	0.1%
Metropolitan Transportation Authority	5.000%	11/15/2050	0.1%
State of California	5.000%	04/01/2032	0.1%
City of Chicago IL Waterworks Revenue	5.000%	11/01/2036	0.1%
Allegheny County Hospital Development Authority	4.000%	04/01/2037	0.1%
Town of Davie FL	6.000%	04/01/2042	0.1%
Foothill-Eastern Transportation Corridor Agency	0.000%	01/15/2033	0.1%
Lower Colorado River Authority	5.000%	05/15/2040	0.1%
New Jersey Transportation Trust Fund Authority	5.000%	06/15/2030	0.1%
New Mexico Hospital Equipment Loan Council	5.000%	07/01/2049	0.1%
New York City Transitional Finance Authority Futur	4.000%	05/01/2037	0.1%
TSASC Inc/NY	5.000%	06/01/2023	0.1%
Development Authority of Burke County/The	4.125%	11/01/2045	0.1%
Duluth Economic Development Authority	5.250%	02/15/2053	0.1%
Montgomery County Industrial Development Authority	5.000%	11/15/2024	0.1%
City of Philadelphia PA	5.250%	07/15/2032	0.1%
Connecticut State Health & Educational Facilities	4.000%	07/01/2041	0.1%
Casino Reinvestment Development Authority Inc	5.250%	11/01/2039	0.1%
City of Chicago IL	5.000%	01/01/2029	0.1%
E-470 Public Highway Authority	0.000%	09/01/2032	0.1%
Eagle County Airport Terminal Corp	5.000%	05/01/2041	0.1%
Hospitals & Higher Education Facilities Authority	5.000%	07/01/2033	0.1%
Martin County Hospital District	7.250%	04/01/2036	0.1%
Port Authority of New York & New Jersey	4.000%	11/01/2059	0.1%
Metropolitan Nashville Airport Authority/The	4.000%	07/01/2054	0.1%
New York Transportation Development Corp	4.000%	01/01/2036	0.1%
Illinois Finance Authority	4.000%	09/01/2037	0.1%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	5.250%	07/01/2042	0.1%
Norman Y Mineta San Jose International Airport SJC	5.000%	03/01/2047	0.1%
Chicago Transit Authority	5.000%	12/01/2046	0.1%
Indiana Finance Authority	5.000%	07/01/2040	0.1%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	5.750%	07/01/2037	0.1%
California Pollution Control Financing Authority	5.000%	11/21/2045	0.1%
Main Street Natural Gas Inc	4.000%	03/01/2050	0.1%
State of Illinois	5.500%	05/01/2030	0.1%
Massachusetts Development Finance Agency	5.000%	07/01/2039	0.1%
Niagara Frontier Transportation Authority	5.000%	04/01/2025	0.1%
Phenix City Industrial Development Board	3.625%	05/15/2030	0.1%
Port Beaumont Navigation District	4.000%	01/01/2050	0.1%
Antelope Valley Healthcare District	5.000%	03/01/2041	0.1%
Metropolitan Transportation Authority	5.000%	11/15/2045	0.1%
Wilkes-Barre Area School District/PA	5.000%	04/15/2059	0.1%
Golden State Tobacco Securitization Corp	5.000%	06/01/2029	0.1%
New York City Water & Sewer System	0.140%	06/15/2049	0.1%
New York Transportation Development Corp	5.250%	08/01/2031	0.1%
State of Connecticut Special Tax Revenue	4.000%	05/01/2039	0.1%
Village of Bellwood IL	6.150%	12/01/2032	0.1%
Pennsylvania Turnpike Commission	5.000%	12/01/2044	0.1%
Texas Transportation Commission	5.000%	08/01/2057	0.1%
New York Convention Center Development Corp	5.000%	11/15/2040	0.1%
New York State Environmental Facilities Corp	3.125%	12/01/2044	0.1%
Parish of St James LA	6.350%	10/01/2040	0.1%
Tobacco Securitization Authority of Northern Calif	5.500%	06/01/2045	0.1%
City of Chicago IL	5.500%	01/01/2037	0.1%
City of Chicago IL Waterworks Revenue	5.000%	11/01/2037	0.1%
Indiana Housing & Community Development Authority	0.250%	07/01/2047	0.1%
Love Field Airport Modernization Corp	5.000%	11/01/2028	0.1%
New York State Thruway Authority	4.000%	01/01/2051	0.1%
Perris Union High School District/CA	3.000%	09/01/2044	0.1%
California Pollution Control Financing Authority	4.300%	07/01/2040	0.1%
State of Connecticut Special Tax Revenue	4.000%	05/01/2036	0.1%
City & County of Denver CO Airport System Revenue	4.000%	12/01/2043	0.1%
County of Miami-Dade FL Aviation Revenue	5.000%	10/01/2029	0.1%
Chicago O'Hare International Airport	5.000%	07/01/2048	0.1%
California Infrastructure & Economic Development B	5.000%	11/01/2041	0.1%
City of Baltimore MD	5.000%	07/01/2032	0.1%
Eagle County Airport Terminal Corp	5.000%	05/01/2033	0.1%
Louisiana Public Facilities Authority	5.000%	07/01/2059	0.1%
Michigan Strategic Fund	4.250%	12/31/2038	0.1%
West Pace Cooperative District	0.000%	05/01/2039	0.1%
County of Muskingum OH	5.000%	02/15/2044	0.1%
Guam Government Waterworks Authority	5.000%	01/01/2050	0.1%
Michigan Strategic Fund	5.000%	06/30/2048	0.1%
Middletown City School District/OH	5.250%	12/01/2040	0.1%
New Jersey Transportation Trust Fund Authority	5.000%	06/15/2031	0.1%
Southern California Public Power Authority	1.638%	11/01/2038	0.1%
Buckeye Tobacco Settlement Financing Authority	0.000%	06/01/2057	0.1%
Ohio Air Quality Development Authority	2.500%	08/01/2040	0.1%
Commonwealth of Pennsylvania	4.000%	07/01/2046	0.1%
County of Baltimore MD	4.000%	01/01/2050	0.1%
County of Montgomery OH	4.000%	11/15/2045	0.1%
Main Street Natural Gas Inc	5.000%	05/15/2035	0.1%
Antelope Valley Healthcare District	5.000%	03/01/2046	0.1%
California State Public Works Board	5.125%	10/01/2031	0.1%
New Jersey Higher Education Student Assistance Aut	3.750%	12/01/2031	0.1%
Bay Area Toll Authority	3.000%	04/01/2054	0.1%
California Statewide Communities Development Autho	4.000%	12/01/2057	0.1%
Louisville and Jefferson County Metropolitan Sewer	3.250%	05/15/2046	0.1%
Public Finance Authority	6.500%	12/01/2037	0.1%
School District of Philadelphia/The	4.000%	09/01/2038	0.1%
California Pollution Control Financing Authority	5.000%	07/01/2039	0.1%
City of Atlanta GA Airport Passenger Facility Char	4.000%	07/01/2039	0.1%
City of Chicago IL	5.500%	01/01/2034	0.1%
Municipal Electric Authority of Georgia	5.000%	01/01/2056	0.1%
New Jersey Economic Development Authority	6.500%	04/01/2028	0.1%
New York City Water & Sewer System	0.140%	06/15/2050	0.1%
New York State Dormitory Authority	5.500%	01/01/2039	0.1%
Maryland Health & Higher Educational Facilities Au	5.000%	07/01/2038	0.1%
City of Houston TX Airport System Revenue	6.625%	07/15/2038	0.1%
County of Cook IL	5.000%	11/15/2031	0.1%
Metropolitan Atlanta Rapid Transit Authority	3.250%	07/01/2039	0.1%
New York State Housing Finance Agency	3.150%	11/01/2054	0.1%
Niagara Area Development Corp	3.500%	11/01/2024	0.1%
Palm Beach County Health Facilities Authority	5.000%	05/15/2053	0.1%
Public Finance Authority	6.850%	10/01/2047	0.1%
Public Finance Authority	5.250%	10/01/2038	0.1%
Puerto Rico Electric Power Authority	0.898%	07/01/2031	0.1%
State of Alabama Docks Department	5.000%	10/01/2034	0.1%
Tobacco Settlement Financing Corp/LA	5.250%	05/15/2035	0.1%
Connecticut State Health & Educational Facilities	3.125%	11/01/2038	0.1%
Illinois Finance Authority	4.000%	09/01/2039	0.1%
New York City Health and Hospitals Corp	5.000%	02/15/2025	0.1%
New York State Dormitory Authority	5.000%	07/01/2030	0.1%
New York Transportation Development Corp	5.000%	01/01/2036	0.1%
Southern California Public Power Authority	5.000%	11/01/2033	0.1%
State of Alabama Docks Department	5.000%	10/01/2035	0.1%
Yorba Linda Redevelopment Agency Successor Agency	6.500%	09/01/2032	0.1%
Build NYC Resource Corp	4.000%	07/01/2045	0.1%
City of Chicago IL	5.000%	01/01/2033	0.1%
Indiana Finance Authority	5.000%	06/01/2039	0.1%
Massachusetts Development Finance Agency	5.000%	06/01/2039	0.1%
New York Transportation Development Corp	4.000%	07/01/2041	0.1%
Philadelphia Gas Works Co	5.000%	08/01/2029	0.1%
Port of Oakland	5.000%	05/01/2028	0.1%
City of Miami Beach FL Parking Revenue	5.000%	09/01/2040	0.1%
Metropolitan Pier & Exposition Authority	0.000%	12/15/2032	0.1%
Municipal Electric Authority of Georgia	5.000%	01/01/2059	0.1%
Chicago Board of Education	5.000%	12/01/2030	0.1%
Clark County School District	4.000%	06/15/2040	0.1%
Michigan Finance Authority	5.000%	07/01/2034	0.1%
New York Transportation Development Corp	5.000%	01/01/2029	0.1%
City of Philadelphia PA	5.250%	07/15/2031	0.1%
Florida Higher Educational Facilities Financial Au	5.000%	04/01/2036	0.1%
Illinois Finance Authority	5.000%	09/01/2040	0.1%
Lower Alabama Gas District/The	4.000%	12/01/2050	0.1%
Massachusetts Development Finance Agency	5.000%	07/01/2031	0.1%
New Jersey Transportation Trust Fund Authority	5.000%	06/15/2042	0.1%
New York City Transitional Finance Authority Futur	0.180%	02/01/2045	0.1%
Port Authority of New York & New Jersey	4.000%	09/01/2043	0.1%
California Health Facilities Financing Authority	4.000%	11/15/2042	0.1%
Chicago Board of Education	5.000%	12/01/2029	0.1%
City of Atlanta GA Airport Passenger Facility Char	5.000%	01/01/2028	0.1%
City of Chicago IL	5.000%	01/01/2030	0.1%
Metropolitan Washington Airports Authority	5.000%	10/01/2028	0.1%
Berks County Industrial Development Authority	4.000%	11/01/2047	0.1%
City of Phoenix Civic Improvement Corp	4.000%	07/01/2044	0.1%
City of Valparaiso IN	7.000%	01/01/2044	0.1%
Minneapolis-St Paul Metropolitan Airports Commissi	5.000%	01/01/2031	0.1%
Port of Portland OR Airport Revenue	5.000%	07/01/2039	0.1%
Carlsbad Unified School District	3.125%	08/01/2048	0.1%
Massachusetts Development Finance Agency	4.000%	07/01/2035	0.1%
Municipal Electric Authority of Georgia	5.000%	01/01/2033	0.1%
New Jersey Transportation Trust Fund Authority	4.000%	12/15/2031	0.1%
Puerto Rico Highway & Transportation Authority	5.250%	07/01/2032	0.1%
Puerto Rico Highway & Transportation Authority	5.500%	07/01/2025	0.1%
Chicago Board of Education	5.000%	12/01/2027	0.1%
District of Columbia	5.000%	06/01/2041	0.1%
City of Chicago IL Waterworks Revenue	5.000%	11/01/2036	0.1%
City of Chula Vista CA	5.875%	01/01/2034	0.1%
Colorado Health Facilities Authority	4.000%	08/01/2038	0.1%
Lower Alabama Gas District/The	5.000%	09/01/2031	0.1%
Ohio Air Quality Development Authority	4.500%	01/15/2048	0.1%
Board of Managers Joint Guadalupe County-City of S	5.000%	12/01/2045	0.1%
Selma Industrial Development Board	2.000%	11/01/2033	0.1%
State of Connecticut	5.000%	04/15/2039	0.1%
Ohio Air Quality Development Authority	2.600%	06/01/2041	0.1%
Tobacco Settlement Authority	5.250%	06/01/2032	0.1%
Casino Reinvestment Development Authority Inc	5.250%	11/01/2044	0.1%
Triborough Bridge & Tunnel Authority	5.000%	11/15/2042	0.1%
Allentown Neighborhood Improvement Zone Developmen	5.000%	05/01/2032	0.1%
California Statewide Communities Development Autho	5.250%	11/15/2034	0.1%
Chicago Board of Education	5.000%	12/01/2033	0.1%
Chicago Board of Education	5.000%	04/01/2042	0.1%
Gramercy Farms Community Development District	0.000%	05/01/2039	0.1%
New York State Dormitory Authority	4.000%	08/01/2038	0.1%
California School Finance Authority	5.000%	08/01/2048	0.1%
Chicago Board of Education	5.000%	12/01/2044	0.1%
Iowa Finance Authority	3.125%	12/01/2022	0.1%
Massachusetts Development Finance Agency	4.000%	10/01/2045	0.1%
Midlothian Water District	0.000%	09/01/2022	0.1%
Port Authority of New York & New Jersey	6.000%	12/01/2042	0.1%
Wayne County Airport Authority	5.000%	12/01/2039	0.1%
Adelanto Public Utility Authority	5.000%	07/01/2039	0.1%
City of Pittsburgh PA	5.000%	09/01/2030	0.1%
Commonwealth of Puerto Rico	0.000%	07/01/2039	0.1%
New Jersey Turnpike Authority	4.000%	01/01/2033	0.1%
Michigan Public Educational Facilities Authority	0.000%	09/01/2039	0.1%
Tobacco Securitization Authority of Southern Calif	5.000%	06/01/2048	0.1%
Florida Higher Educational Facilities Financial Au	5.000%	03/01/2049	0.0%
Massachusetts Development Finance Agency	5.000%	07/01/2030	0.0%
Nassau County Local Economic Assistance Corp	5.000%	07/01/2031	0.0%
Philadelphia Gas Works Co	5.000%	08/01/2030	0.0%
Overland Park Development Corp	5.000%	03/01/2025	0.0%
Public Finance Authority	5.000%	12/01/2027	0.0%
Rancho Cucamonga Redevelopment Agency Successor Ag	5.000%	09/01/2030	0.0%
Florida Higher Educational Facilities Financial Au	5.000%	04/01/2033	0.0%
Massachusetts Port Authority	5.000%	07/01/2040	0.0%
New Jersey Economic Development Authority	4.750%	06/15/2031	0.0%
Ohio Air Quality Development Authority	2.400%	12/01/2038	0.0%
Prichard Water Works & Sewer Board	4.000%	11/01/2044	0.0%
California School Finance Authority	5.000%	08/01/2045	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2033	0.0%
San Francisco City & County Airport Comm-San Franc	4.000%	05/01/2049	0.0%
Chicago Board of Education	5.000%	12/01/2046	0.0%
Indiana Finance Authority	5.000%	10/01/2029	0.0%
Rancho Cucamonga Redevelopment Agency Successor Ag	5.000%	09/01/2031	0.0%
TSASC Inc/NY	5.000%	06/01/2035	0.0%
New Jersey Economic Development Authority	5.500%	06/15/2031	0.0%
New York State Dormitory Authority	4.000%	08/01/2036	0.0%
North Carolina Turnpike Authority	5.000%	01/01/2032	0.0%
State of Connecticut	5.000%	06/15/2032	0.0%
California County Tobacco Securitization Agency	0.000%	06/01/2055	0.0%
County of Cook IL	5.250%	11/15/2024	0.0%
New York Transportation Development Corp	5.375%	08/01/2036	0.0%
Overland Park Development Corp	5.000%	03/01/2044	0.0%
State of Connecticut	5.000%	06/15/2033	0.0%
Tobacco Settlement Financing Corp	3.200%	06/01/2027	0.0%
Virginia Small Business Financing Authority	5.000%	07/01/2034	0.0%
New York State Dormitory Authority	5.000%	12/01/2031	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2031	0.0%
Toledo-Lucas County Port Authority	5.000%	07/01/2039	0.0%
California Municipal Finance Authority	5.000%	06/01/2050	0.0%
Chicago Board of Education	7.000%	12/01/2046	0.0%
City of La Verne CA	5.000%	05/15/2036	0.0%
Indiana Finance Authority	5.000%	07/01/2048	0.0%
Maryland Health & Higher Educational Facilities Au	5.000%	07/01/2036	0.0%
New Hampshire Business Finance Authority	4.625%	11/01/2042	0.0%
New Jersey Transportation Trust Fund Authority	0.000%	12/15/2037	0.0%
New York City Water & Sewer System	0.150%	06/15/2045	0.0%
Parish of St James LA	6.100%	12/01/2040	0.0%
Pennsylvania Economic Development Financing Author	8.000%	05/01/2029	0.0%
San Francisco City & County Redevelopment Financin	7.000%	08/01/2041	0.0%
Triborough Bridge & Tunnel Authority	0.140%	01/01/2032	0.0%
Massachusetts Development Finance Agency	5.000%	07/01/2033	0.0%
Montgomery County Industrial Development Authority	5.000%	11/15/2045	0.0%
New Jersey Economic Development Authority	5.000%	06/15/2036	0.0%
New York State Dormitory Authority	5.000%	12/01/2040	0.0%
School District of Philadelphia/The	5.000%	09/01/2037	0.0%
State of Connecticut	5.000%	04/15/2036	0.0%
Chicago Board of Education	5.000%	12/01/2032	0.0%
Clark County School District	4.000%	06/15/2038	0.0%
Industrial Development Authority of the City of Ph	5.000%	07/01/2054	0.0%
Montgomery County Industrial Development Authority	5.000%	11/15/2025	0.0%
Wayne County Airport Authority	5.000%	12/01/2042	0.0%
City of Pittsburgh PA	5.000%	09/01/2032	0.0%
New Jersey Transportation Trust Fund Authority	0.000%	12/15/2031	0.0%
New York Transportation Development Corp	4.000%	07/01/2046	0.0%
North Carolina Turnpike Authority	5.000%	01/01/2043	0.0%
Transbay Joint Powers Authority	5.000%	10/01/2049	0.0%
Grand River Hospital District	5.250%	12/01/2037	0.0%
Metropolitan Pier & Exposition Authority	0.000%	06/15/2045	0.0%
City of Pittsburgh PA	5.000%	09/01/2029	0.0%
Hospitals & Higher Education Facilities Authority	5.625%	07/01/2036	0.0%
Public Finance Authority	5.000%	11/15/2041	0.0%
Virginia Small Business Financing Authority	6.000%	01/01/2037	0.0%
Chicago Board of Education	6.500%	12/01/2046	0.0%
County of Miami-Dade FL Rickenbacker Causeway Reve	5.000%	10/01/2032	0.0%
Indiana Finance Authority	7.000%	10/01/2039	0.0%
Chicago O'Hare International Airport	5.000%	01/01/2048	0.0%
City of Norfolk VA Water Revenue	5.250%	11/01/2028	0.0%
Maricopa County Industrial Development Authority	5.000%	07/01/2049	0.0%
New York State Dormitory Authority	5.000%	08/01/2033	0.0%
New York State Dormitory Authority	5.000%	08/01/2034	0.0%
State of Connecticut	5.000%	06/15/2038	0.0%
Tobacco Settlement Financing Corp	5.000%	06/01/2033	0.0%
Transbay Joint Powers Authority	5.000%	10/01/2045	0.0%
Yorba Linda Redevelopment Agency Successor Agency	6.000%	09/01/2026	0.0%
Crawford County Hospital Authority	6.000%	06/01/2051	0.0%
Grand River Hospital District	5.250%	12/01/2034	0.0%
Industrial Development Authority of the City of Ph	5.000%	07/01/2049	0.0%
Louisiana Housing Corp	8.000%	09/01/2039	0.0%
Nassau County Local Economic Assistance Corp	5.000%	07/01/2034	0.0%
New York State Dormitory Authority	5.000%	08/01/2035	0.0%
Paducah Electric Plant Board	5.000%	10/01/2033	0.0%
Paducah Electric Plant Board	5.000%	10/01/2034	0.0%
Paducah Electric Plant Board	5.000%	10/01/2035	0.0%
School District of Philadelphia/The	5.000%	09/01/2038	0.0%
State of Connecticut	4.000%	06/01/2037	0.0%
City of New Orleans LA Water System Revenue	5.000%	12/01/2034	0.0%
Commonwealth of Massachusetts	4.000%	05/01/2048	0.0%
County of Cook IL	5.000%	11/15/2030	0.0%
County of Cook IL	5.000%	11/15/2035	0.0%
District of Columbia	6.000%	07/01/2043	0.0%
District of Columbia	6.000%	07/01/2048	0.0%
Grand River Hospital District	5.250%	12/01/2035	0.0%
Hospitals & Higher Education Facilities Authority	5.000%	07/01/2031	0.0%
Hospitals & Higher Education Facilities Authority	5.000%	07/01/2032	0.0%
Massachusetts Development Finance Agency	5.000%	07/01/2034	0.0%
Massachusetts School Building Authority	4.000%	02/15/2043	0.0%
New York City Transitional Finance Authority Futur	5.000%	02/01/2036	0.0%
New York City Transitional Finance Authority Futur	4.000%	08/01/2042	0.0%
New York City Transitional Finance Authority Futur	4.000%	05/01/2044	0.0%
New York State Dormitory Authority	5.000%	12/01/2036	0.0%
New York State Dormitory Authority	5.000%	12/01/2037	0.0%
Parish of St John the Baptist LA	2.200%	06/01/2037	0.0%
Central Texas Turnpike System	5.000%	08/15/2037	0.0%
Chicago Board of Education	5.000%	12/01/2031	0.0%
City of Philadelphia PA	5.250%	07/15/2033	0.0%
Clifton Higher Education Finance Corp	6.000%	08/15/2043	0.0%
County of Cuyahoga OH	5.000%	02/15/2057	0.0%
Eagle County Airport Terminal Corp	5.000%	05/01/2037	0.0%
Nassau County Local Economic Assistance Corp	5.000%	07/01/2029	0.0%
Niagara Frontier Transportation Authority	5.000%	04/01/2026	0.0%
North Carolina Turnpike Authority	4.000%	01/01/2038	0.0%
Public Finance Authority	4.300%	11/01/2030	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.784%	07/01/2058	0.0%
State of Connecticut	4.000%	06/15/2037	0.0%
Capital Trust Agency Inc	5.000%	12/15/2049	0.0%
Chicago Board of Education	0.000%	12/01/2030	0.0%
Chicago Midway International Airport	4.000%	01/01/2034	0.0%
City of Oroville CA	5.250%	04/01/2039	0.0%
Los Angeles Unified School District/CA	5.000%	10/01/2025	0.0%
Montgomery County Industrial Development Authority	5.375%	01/01/2050	0.0%
Parish of St James LA	5.850%	08/01/2041	0.0%
Public Finance Authority	5.250%	10/01/2043	0.0%
City of Oroville CA	5.250%	04/01/2054	0.0%
Crawford County Hospital Authority	6.000%	06/01/2046	0.0%
Indiana Finance Authority	3.000%	11/01/2030	0.0%
Industrial Development Authority of the City of Ph	5.000%	07/01/2037	0.0%
Maricopa County Industrial Development Authority	5.000%	07/01/2054	0.0%
Metropolitan Transportation Authority	5.000%	11/15/2045	0.0%
San Francisco City & County Redevelopment Financin	7.000%	08/01/2033	0.0%
Chicago O'Hare International Airport	5.000%	01/01/2035	0.0%
City of Cleveland OH Airport System Revenue	5.000%	01/01/2031	0.0%
City of Greensboro NC Combined Water & Sewer Syste	2.125%	06/01/2039	0.0%
City of Greensboro NC Combined Water & Sewer Syste	2.125%	06/01/2040	0.0%
City of San Buenaventura CA	8.000%	12/01/2026	0.0%
Kendall Kane & Will Counties Community Unit School	5.000%	02/01/2029	0.0%
Texas Municipal Gas Acquisition & Supply Corp III	5.000%	12/15/2025	0.0%
Toledo-Lucas County Port Authority	5.000%	07/01/2034	0.0%
Toledo-Lucas County Port Authority	5.000%	07/01/2046	0.0%
Martin County Health Facilities Authority	5.500%	11/15/2032	0.0%
Metropolitan Pier & Exposition Authority	5.000%	06/15/2053	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2029	0.0%
Dallas/Fort Worth International Airport	5.000%	11/01/2030	0.0%
Illinois Sports Facilities Authority/The	5.000%	06/15/2028	0.0%
Texas Transportation Commission	0.000%	08/01/2042	0.0%
Virginia Small Business Financing Authority	5.000%	01/01/2048	0.0%
New York State Energy Research & Development Autho	3.500%	10/01/2029	0.0%
Norman Y Mineta San Jose International Airport SJC	5.000%	03/01/2047	0.0%
Pennsylvania Higher Educational Facilities Authori	5.000%	11/01/2030	0.0%
State of Alabama Docks Department	5.000%	10/01/2036	0.0%
Texas Transportation Commission	0.000%	08/01/2040	0.0%
Dutchess County Local Development Corp	6.000%	10/01/2030	0.0%
Industrial Pollution Control Financing Authority o	5.000%	12/01/2024	0.0%
San Diego County Regional Airport Authority	4.000%	07/01/2044	0.0%
State of Connecticut	4.000%	06/01/2038	0.0%
County of Jefferson AL Sewer Revenue	0.000%	10/01/2026	0.0%
Mesquite Health Facilities Development Corp	5.125%	02/15/2042	0.0%
New York State Urban Development Corp	5.000%	03/15/2033	0.0%
Pennsylvania Turnpike Commission	5.000%	12/01/2039	0.0%
City of Oroville CA	5.250%	04/01/2049	0.0%
Development Authority for Fulton County	5.000%	09/01/2032	0.0%
Maryland Economic Development Corp	5.000%	06/01/2049	0.0%
Nassau County Tobacco Settlement Corp	0.000%	06/01/2060	0.0%
Stockton Unified School District	5.000%	07/01/2028	0.0%
Wisconsin Health & Educational Facilities Authorit	5.375%	02/01/2048	0.0%
Capital Trust Agency Inc	5.000%	12/15/2054	0.0%
Denver Health & Hospital Authority	5.250%	12/01/2045	0.0%
Houston Higher Education Finance Corp	5.000%	02/15/2042	0.0%
California Municipal Finance Authority	5.250%	08/15/2039	0.0%
City of Los Angeles Department of Airports	5.000%	05/15/2035	0.0%
City of Sparks NV	2.750%	06/15/2028	0.0%
Regents of the University of California Medical Ce	5.250%	05/15/2038	0.0%
State of Connecticut	4.000%	06/01/2039	0.0%
TSASC Inc/NY	5.000%	06/01/2036	0.0%
City of San Jose CA Hotel Tax Revenue	5.500%	05/01/2024	0.0%
City of Atlanta GA Department of Aviation	5.250%	01/01/2030	0.0%
Commonwealth of Puerto Rico	0.000%	07/01/2027	0.0%
Connecticut State Health & Educational Facilities	5.000%	07/01/2032	0.0%
Metropolitan Pier & Exposition Authority	0.000%	06/15/2046	0.0%
Minneapolis-St Paul Metropolitan Airports Commissi	5.000%	01/01/2027	0.0%
Nassau County Local Economic Assistance Corp	5.000%	07/01/2030	0.0%
New York City Transitional Finance Authority Build	5.000%	07/15/2035	0.0%
Casitas Municipal Water District	5.250%	09/01/2047	0.0%
City of Chicago IL	5.625%	01/01/2030	0.0%
County of Miami-Dade FL Rickenbacker Causeway Reve	5.000%	10/01/2030	0.0%
Maine Health & Higher Educational Facilities Autho	6.000%	07/01/2026	0.0%
Washington Higher Education Facilities Authority	4.000%	05/01/2045	0.0%
Yosemite Community College District	5.000%	08/01/2029	0.0%
Atlantic City Board of Education	6.000%	04/01/2034	0.0%
California State Public Works Board	5.000%	10/01/2028	0.0%
Chicago Board of Education	5.000%	12/01/2042	0.0%
City of Charlotte NC Airport Special Facilities Re	5.000%	07/01/2033	0.0%
Connecticut State Health & Educational Facilities	5.000%	07/01/2028	0.0%
County of Cook IL	5.000%	11/15/2034	0.0%
Harris County Toll Road Authority/The	4.000%	08/15/2048	0.0%
Irvine Unified School District	5.000%	09/01/2056	0.0%
Miami-Dade County Expressway Authority	5.000%	07/01/2028	0.0%
New York City Water & Sewer System	5.000%	06/15/2036	0.0%
Puerto Rico Electric Power Authority	0.000%	07/01/2028	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2051	0.0%
Sweetwater Union High School District	5.000%	08/01/2027	0.0%
City of Irvine CA	5.000%	09/01/2044	0.0%
City of San Jose CA Hotel Tax Revenue	6.500%	05/01/2036	0.0%
County of Miami-Dade FL Rickenbacker Causeway Reve	5.000%	10/01/2029	0.0%
Delaware River Port Authority	5.000%	01/01/2029	0.0%
Golden State Tobacco Securitization Corp	5.000%	06/01/2030	0.0%
Houston County Cooperative District	0.000%	05/01/2039	0.0%
Public Finance Authority	4.050%	11/01/2030	0.0%
Sonoma-Marin Area Rail Transit District	5.000%	03/01/2028	0.0%
Delaware County Industrial Development Authority/P	5.000%	07/01/2043	0.0%
District of Columbia	5.000%	06/01/2032	0.0%
Florida Higher Educational Facilities Financial Au	6.375%	04/01/2031	0.0%
Louisiana Local Government Environmental Facilitie	6.500%	11/01/2035	0.0%
Michigan Tobacco Settlement Finance Authority	5.125%	06/01/2022	0.0%
New York City Trust for Cultural Resources	5.250%	07/01/2026	0.0%
State of Florida Department of Transportation Turn	5.000%	07/01/2034	0.0%
Maine Health & Higher Educational Facilities Autho	6.750%	07/01/2036	0.0%
Maryland Economic Development Corp	5.000%	06/01/2044	0.0%
State of California	5.375%	11/01/2035	0.0%
Abag Finance Authority for Nonprofit Corps	5.000%	08/01/2028	0.0%
Build NYC Resource Corp	5.000%	06/01/2034	0.0%
Hudson Yards Infrastructure Corp	5.750%	02/15/2047	0.0%
Abag Finance Authority for Nonprofit Corps	5.000%	08/01/2027	0.0%
Alachua County Health Facilities Authority	8.000%	10/01/2042	0.0%
City of Sparks NV	2.500%	06/15/2024	0.0%
County of Franklin OH	6.125%	07/01/2040	0.0%
County of Jefferson AL Sewer Revenue	0.000%	10/01/2039	0.0%
Stone Canyon Community Improvement District	0.000%	04/01/2027	0.0%
California County Tobacco Securitization Agency	5.000%	06/01/2049	0.0%
Chicago O'Hare International Airport	5.625%	01/01/2035	0.0%
City of San Jose CA Hotel Tax Revenue	5.500%	05/01/2026	0.0%
Clifton Higher Education Finance Corp	5.000%	08/15/2042	0.0%
North Texas Tollway Authority	5.000%	01/01/2031	0.0%
Puerto Rico Electric Power Authority	4.250%	07/01/2027	0.0%
Texas Transportation Commission	0.000%	08/01/2046	0.0%
Allentown Neighborhood Improvement Zone Developmen	5.000%	05/01/2027	0.0%
City of Chicago IL	5.500%	01/01/2035	0.0%
Houston Cnty Cooperative Dist	0.000%	01/01/1900	0.0%
Illinois Finance Authority	5.000%	09/01/2034	0.0%
Metropolitan Washington Airports Authority	5.000%	10/01/2035	0.0%
New York State Dormitory Authority	5.000%	05/01/2029	0.0%
Stone Canyon Community Improvement District	0.000%	04/01/2022	0.0%
Iowa Tobacco Settlement Authority	5.500%	06/01/2042	0.0%
Hempstead Town Local Development Corp	5.000%	10/01/2034	0.0%
Miami-Dade County Expressway Authority	5.000%	07/01/2027	0.0%
Puerto Rico Electric Power Authority	0.000%	07/01/2028	0.0%
City of Gainesville FL Utilities System Revenue	5.250%	10/01/2034	0.0%
Houston Higher Education Finance Corp	6.875%	05/15/2041	0.0%
New Jersey Health Care Facilities Financing Author	5.000%	07/01/2029	0.0%
Puerto Rico Public Buildings Authority	5.000%	07/01/2036	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.550%	07/01/2040	0.0%
Houston Higher Education Finance Corp	5.000%	02/15/2032	0.0%
Westchester County Healthcare Corp/NY	6.000%	11/01/2030	0.0%
Middlesex County Improvement Authority	0.000%	01/01/2025	0.0%
Middlesex County Improvement Authority	0.000%	01/01/2037	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.536%	07/01/2053	0.0%
Westchester County Healthcare Corp/NY	6.125%	11/01/2037	0.0%
Gramercy Farms Community Development District	0.000%	05/01/2039	0.0%
New York State Dormitory Authority	5.000%	05/01/2029	0.0%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 09/25/2020: $0.230
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	08/31/2020	$0.02767	$11.76
Daily	Daily	07/31/2020	$0.02848	$11.82
Daily	Daily	06/30/2020	$0.02916	$11.59
Daily	Daily	05/31/2020	$0.02882	$11.34
Daily	Daily	04/30/2020	$0.02913	$10.98
Daily	Daily	03/31/2020	$0.02886	$11.30
Daily	Daily	02/29/2020	$0.02939	$12.23
Daily	Daily	01/31/2020	$0.02916	$12.01

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	09/30/2020
Daily	Daily	10/31/2020
Daily	Daily	11/30/2020
Daily	Daily	12/31/2020

Fees & Expenses

Expense Ratioas of 08/31/2020

Fund Gross Expense Ratio	Fund Net Expense Ratio
0.67%	0.65%

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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^*Barron’s “Top Fund Families of 2019,” #1 in the Tax-Exempt Bond category for the one-year performance ended December 31, 2019, among 55 qualifying firms. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. 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, 2019, 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 2019 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.

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

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 F - The inception date for Class F shares is September 28, 2007. The performance quotations for Class F are based on the following methods of calculation: (a) for periods prior to September 28, 2007, a restated figure is used based on the Fund's Class I performance, which does not have a 12b-1 fee, adjusted to reflect the Rule 12b-1 rate differential between Class I and Class F; and (b) for periods after September 28, 2007, actual Class F performance is used reflecting all charges and fees applicable to Class F shares.

Class F shares are available only to eligible fee-based advisory programs and certain registered investment advisers. 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.

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

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

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

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 09/25/2020

30-Day Standardized Yield 2 as of 08/31/2020

Fund Basicsas of 08/31/2020

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

RELATED CONTENT

Credit Quality Distribution as of 08/31/2020 View Portfolio

INVESTMENT TEAM

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 09/25/2020

30-Day Standardized Yield 2 as of 08/31/2020

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

Fund Expense Ratio :

Gross 0.67%

Net 0.65%

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 08/31/2020

Portfolio Positioning as of 06/30/2020

Portfolio Details as of 08/31/2020

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Dividend Yield ¹ as of 09/25/2020

30-Day Standardized Yield ² as of 08/31/2020

Dividend Yield ¹ as of 09/25/2020

30-Day Standardized Yield ² as of 08/31/2020