LANSX | National Tax Free Fund Class A | Lord Abbett

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National Tax Free Fund

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Daily price w/o sales charge as of 04/17/2025

$10.08

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YTD Returns w/o sales charge as of 04/17/2025

-2.63%

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

Click here to view all legal text including risk information

Summary

Summary

What is the National Tax Free Fund?

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

Yield

Average Yield to Worst as of 03/31/2025

4.61%

30-Day Standardized Yield 1 as of 03/31/2025  

3.73%

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

Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.

Fund Basicsas of 03/31/2025

Total Net Assets
$4.68 B
Inception Date
04/02/1984
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.78%
Fund Net Expense Ratio
0.69%
Number of Holdings
714
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

Gross 0.78%

Net 0.69%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge -0.78% 1.72% 0.98% 1.21% 2.17% 5.60%
Lipper Category Avg. General & Insured Municipal Debt Funds -0.45% 1.61% 1.14% 1.12% 1.92% -
Bloomberg Municipal Bond Index -0.22% 1.22% 1.53% 1.07% 2.13% -
w/ sales charge -3.01% -0.56% 0.23% 0.75% 1.94% 5.54%

Fund Expense Ratio :

Gross 0.78%

Net 0.69%

Fund Expense Ratio :

Gross 0.78%

Net 0.69%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge -0.78% 1.72% 0.98% 1.21% 2.17% 5.60%
Lipper Category Avg. General & Insured Municipal Debt Funds -0.45% 1.61% 1.14% 1.12% 1.92% -
Bloomberg Municipal Bond Index -0.22% 1.22% 1.53% 1.07% 2.13% -
w/ sales charge -3.01% -0.56% 0.23% 0.75% 1.94% 5.54%

Fund Expense Ratio :

Gross 0.78%

Net 0.69%

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

Past performance is not a reliable indicator or guarantee 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. 

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

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

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

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

Credit Quality Distribution as of 03/31/2025 View Portfolio

Rating Assets
A-3/MIG3
AAA
AA
A
BBB
< BBB
Not Rated

Ratings provided by Standard & Poor’s, Moody’s, and Fitch.  Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating.Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non investment grade bonds (junk bonds) involve higher risks than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities are not rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

INVESTMENT TEAM

Daniel S. Solender
Daniel S. Solender, CFA

Partner, Director of Tax Free Fixed Income

38 Years of Industry Experience

Gregory M. Shuman
Gregory M. Shuman, CFA

Partner, Portfolio Manager

14 Years of Industry Experience

Supported By 18 Investment Professionals with 14 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Worst as of 03/31/2025

4.61%

30-Day Standardized Yield 1 as of 03/31/2025  

  Subsidized2 Un-Subsidized3
w/o sales charge 3.73% 3.73%

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

Fund Expense Ratio :

Gross 0.78%

Net 0.69%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge -0.78% 1.72% 0.98% 1.21% 2.17% 5.60%
Lipper Category Avg. General & Insured Municipal Debt Funds -0.45% 1.61% 1.14% 1.12% 1.92% -
Bloomberg Municipal Bond Index -0.22% 1.22% 1.53% 1.07% 2.13% -
w/ sales charge -3.01% -0.56% 0.23% 0.75% 1.94% 5.54%

Fund Expense Ratio :

Gross 0.78%

Net 0.69%

Fund Expense Ratio :

Gross 0.78%

Net 0.69%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge -0.78% 1.72% 0.98% 1.21% 2.17% 5.60%
Lipper Category Avg. General & Insured Municipal Debt Funds -0.45% 1.61% 1.14% 1.12% 1.92% -
Bloomberg Municipal Bond Index -0.22% 1.22% 1.53% 1.07% 2.13% -
w/ sales charge -3.01% -0.56% 0.23% 0.75% 1.94% 5.54%

Fund Expense Ratio :

Gross 0.78%

Net 0.69%

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

Past performance is not a reliable indicator or guarantee 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. 

Year Fund Returns Bloomberg Municipal Bond Index
2024 2.94% 1.05%
2023 7.47% 6.40%
2022 -13.93% -8.53%
2021 3.63% 1.52%
2020 4.80% 5.21%
2019 9.38% 7.54%
2018 0.72% 1.28%
2017 7.07% 5.45%
2016 0.36% 0.25%
2015 3.28% 3.30%
2014 12.83% -
2013 -6.11% -
2012 13.75% -
2011 11.08% -
2010 2.20% -
2009 24.60% -
2008 -15.24% -
2007 -1.44% -
2006 4.57% -
2005 3.69% -
Year Q1 Q2 Q3 Q4
2025 -0.78% - - -
2024 0.41% 0.80% 3.01% -1.27%
2023 3.10% 0.76% -4.19% 7.97%
2022 -8.24% -5.75% -4.40% 4.10%
2021 0.25% 2.92% -0.81% 1.26%
2020 -3.38% 3.33% 1.56% 3.35%
2019 3.56% 2.83% 2.05% 0.65%
2018 -1.13% 1.18% -0.26% 0.94%
2017 1.87% 2.10% 1.68% 1.25%
2016 2.14% 3.51% -0.05% -5.03%
2015 1.24% -1.22% 1.35% 1.90%
2014 4.72% 3.50% 2.28% 1.77%
2013 0.58% -4.82% -1.93% 0.00%
2012 4.76% 2.75% 3.78% 1.82%
2011 -0.10% 5.03% 3.41% 2.38%
2010 2.25% 1.57% 4.52% -5.86%
2009 7.21% 5.87% 11.02% -1.11%
2008 -1.89% 0.54% -6.18% -8.41%
2007 0.72% -0.58% -0.55% -1.03%
2006 0.26% -0.13% 3.19% 1.21%
2005 0.19% 3.26% -0.38% 0.60%
2004 1.71% -3.15% 3.95% 1.42%
2003 0.92% 2.86% -0.84% 1.66%
2002 1.01% 3.03% 5.02% -0.44%
2001 1.60% 0.32% 2.88% -0.68%
2000 3.45% 1.13% 2.09% 5.52%
1999 1.03% -2.59% -2.39% -1.65%
1998 1.05% 1.82% 3.27% 0.10%
1997 -0.49% 3.56% 3.49% 3.14%
1996 -1.79% 0.87% 2.40% 2.49%
1995 7.66% 1.62% 2.71% 4.76%
1994 -6.40% -0.27% 0.52% -2.26%
1993 4.83% 3.39% 3.68% 0.60%
1992 0.25% 4.14% 2.16% 1.95%
1991 2.17% 2.00% 3.93% 3.88%
1990 0.33% 2.36% 0.06% 4.35%
1989 0.54% 5.79% -0.24% 3.21%
1988 3.58% 2.40% 3.21% 2.89%
1987 2.61% -5.00% -3.03% 6.14%
1986 9.43% -0.87% 5.46% 4.96%
1985 3.71% 8.30% -1.48% 8.13%

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

Growth of $10,000 as of 03/31/2025

The chart begins on the Fund's inception date of 04/02/1984.

Based on a hypothetical Class A share investment of $10,000 on 04/02/1984 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

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

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

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

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

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

Credit Quality Distribution as of 03/31/2025

Rating Assets
A-3/MIG3
AAA
AA
A
BBB
< BBB
Not Rated

Ratings provided by Standard & Poor’s, Moody’s, and Fitch.  Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating.Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non investment grade bonds (junk bonds) involve higher risks than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities are not rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 9/30/2024

  • We continue to underweight callable bonds priced close to par to improve the performance characteristics of the Fund and positioning the portfolio to have higher probabilities of performing better in a wide range of potential interest rate scenarios. Along the same lines, we have been mostly buying bonds with higher coupons and longer calls along with bonds trading at deep discounts to position in more favorable structures.
  • With the municipal yield curve showing considerable steepness from 10 to 30 years, we continue to focus on the most attractive segments of the curve from a total return and roll down perspective, while selling flatter segments of the curve or maturities that do not provide much incremental yield for added risk.
  • We remain overweight the lower quality tiers of investment grade, which allow for significant yield pickup compared to higher-rated tiers, and maintain a modest exposure to non-investment grade bonds relative to the all-investment grade benchmark. We believe this will help drive outperformance over the long term.

Portfolio Details as of 03/31/2025

Total Net Assets
$4.68 B
Average Coupon
5.0%
Average Effective Duration
8.62 Years
Average Effective Maturity
20.9 Years
Number of Issues
714
Average Yield to Worst
4.61%

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

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

Average Effective Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.

Holding Coupon Maturity Assets
New York Transportation Development Corp 5.500% 12/20/2060 1.7%
Buckeye Tobacco Settlement Financing Authority 5.000% 05/24/2055 1.1%
California Community Choice Financing Authority 5.250% 10/01/2031 1.0%
Pennsylvania Economic Development Financing Author 6.000% 06/20/2061 0.8%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev 4.329% 06/26/2040 0.7%
Kentucky Public Energy Authority 5.250% 02/01/2032 0.6%
Iowa Finance Authority 5.000% 11/24/2050 0.6%
New York City Transitional Finance Authority 5.250% 04/24/2051 0.6%
Iowa Finance Authority 5.000% 11/24/2050 0.6%
Triborough Bridge & Tunnel Authority 5.500% 11/22/2059 0.6%
% of Total Assets 8.3%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Holding Coupon Maturity Assets
New York Transportation Development Corp5.500% 12/20/20601.7%
Buckeye Tobacco Settlement Financing Authority5.000% 05/24/20551.1%
California Community Choice Financing Authority5.250% 10/01/20310.9%
New York Transportation Development Corp5.500% 06/20/20600.8%
Pennsylvania Economic Development Financing Author6.000% 06/20/20610.8%
Orange County Health Facilities Authority5.250% 09/21/20560.7%
Iowa Finance Authority5.000% 11/24/20500.6%
City Of New York Ny1.350% 03/07/20250.6%
Kentucky Public Energy Authority5.250% 02/01/20320.6%
Iowa Finance Authority5.000% 11/24/20500.6%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.329% 06/26/20400.6%
New York State Dormitory Authority5.250% 04/23/20540.6%
Main Street Natural Gas Inc4.000% 11/01/20270.5%
New Jersey Transportation Trust Fund Authority5.250% 06/08/20500.5%
New York State Dormitory Authority5.500% 06/23/20540.5%
Energy Southeast A Cooperative District5.250% 06/01/20320.5%
Southeast Energy Authority A Cooperative District5.000% 10/29/20350.5%
Pefa Inc5.000% 09/01/20260.5%
Metropolitan Pier & Exposition Authority4.000% 06/08/20500.5%
Louisiana Public Facilities Authority5.750% 08/20/20640.5%
County Of Jefferson Al Sewer Revenue5.500% 09/23/20530.5%
Louisiana Public Facilities Authority5.250% 09/23/20530.5%
New York Liberty Development Corp3.000% 09/10/20430.5%
New York Transportation Development Corp5.375% 06/20/20600.5%
New York Transportation Development Corp6.000% 06/22/20540.5%
Main Street Natural Gas Inc5.000% 06/01/20300.5%
County Of Jefferson Al Sewer Revenue5.250% 09/24/20490.5%
Triborough Bridge & Tunnel Authority5.500% 11/22/20590.5%
New York Transportation Development Corp5.000% 09/25/20400.5%
Triborough Bridge & Tunnel Authority5.250% 05/07/20540.5%
Chattanooga Health Educational & Housing Facility5.250% 11/23/20540.4%
Duluth Economic Development Authority5.250% 02/06/20580.4%
Kentucky Public Energy Authority5.250% 12/01/20290.4%
Chicago O'Hare International Airport5.000% 12/26/20470.4%
Illinois Finance Authority5.250% 05/07/20540.4%
City Of Charlotte Nc Airport Revenue5.250% 06/23/20530.4%
New Jersey Transportation Trust Fund Authority5.250% 06/07/20550.4%
California Infrastructure & Economic Development B9.500% 01/01/20350.4%
New York Transportation Development Corp5.250% 12/25/20490.4%
New York Transportation Development Corp6.000% 03/29/20350.4%
City Of Chicago Il5.500% 12/24/20480.4%
Washington Metropolitan Area Transit Authority Ded5.000% 07/07/20540.4%
South Carolina Jobs-Economic Development Authority5.500% 10/24/20540.4%
Tender Option Bond Trust Receipts/Certificates10.000% 04/30/20320.4%
Pennsylvania Higher Educational Facilities Authori5.500% 10/24/20540.4%
Maryland Health & Higher Educational Facilities Au5.500% 12/26/20450.4%
Tender Option Bond Trust Receipts/Certificates11.680% 12/31/20310.4%
Roanoke Economic Development Authority3.000% 06/25/20450.4%
California Community Choice Financing Authority5.000% 12/01/20320.4%
Mobile County Industrial Development Authority5.000% 05/24/20540.4%
Metropolitan Transportation Authority5.250% 11/08/20490.4%
State Of Michigan Trunk Line Revenue5.500% 11/08/20490.4%
Louisiana Stadium & Exposition District5.250% 06/23/20530.4%
Berks County Municipal Authority/The5.000% 06/26/20390.3%
City Of San Antonio Tx Electric & Gas Systems Reve5.000% 01/24/20540.3%
San Diego County Regional Airport Authority5.000% 06/24/20510.3%
New Jersey Transportation Trust Fund Authority5.250% 06/08/20500.3%
New York City Transitional Finance Authority Futur5.000% 01/27/20440.3%
Patriots Energy Group Financing Agency5.250% 08/01/20310.3%
Minneapolis-St Paul Metropolitan Airports Commissi5.250% 12/24/20480.3%
New York City Transitional Finance Authority Futur1.350% 03/03/20250.3%
Connecticut State Health & Educational Facilities5.250% 06/29/20330.3%
New York State Thruway Authority3.000% 03/08/20480.3%
Kentucky Public Energy Authority4.000% 08/01/20300.3%
Maine Health & Higher Educational Facilities Autho5.250% 09/23/20540.3%
Public Finance Authority5.000% 06/26/20420.3%
Southeast Alabama Gas Supply District/The5.000% 04/01/20320.3%
State Of Illinois5.500% 02/23/20470.3%
Louisiana Public Facilities Authority5.500% 08/23/20590.3%
New York State Dormitory Authority5.500% 04/22/20560.3%
California Community Choice Financing Authority5.000% 10/01/20320.3%
Main Street Natural Gas Inc4.000% 12/01/20290.3%
Yuma Industrial Development Authority5.250% 07/24/20540.3%
Hampton Roads Transportation Accountability Commis5.250% 06/20/20640.3%
Philadelphia Gas Works Co5.250% 07/25/20490.3%
Main Street Natural Gas Inc5.000% 06/01/20290.3%
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue4.750% 06/23/20530.3%
Minnesota Agricultural & Economic Development Boar5.250% 12/24/20530.3%
Rhode Island Health And Educational Building Corp5.000% 10/24/20530.3%
Commonwealth Of Puerto Rico4.000% 06/25/20460.3%
New York City Municipal Water Finance Authority5.250% 06/07/20540.3%
Homewood Educational Building Authority5.000% 06/01/20270.3%
Chicago Board Of Education4.000% 11/25/20470.3%
County Of Miami-Dade Fl Transit System5.000% 06/24/20510.3%
New Jersey Transportation Trust Fund Authority0.000% 12/13/20290.3%
Great Lakes Water Authority Sewage Disposal System5.500% 06/23/20520.3%
New York City Industrial Development Agency3.000% 12/26/20450.3%
New York Transportation Development Corp5.000% 12/28/20320.3%
Illinois Finance Authority4.125% 12/31/20340.3%
New York Liberty Development Corp3.000% 11/08/20510.3%
Chicago Transit Authority Sales Tax Receipts Fund4.000% 11/24/20500.3%
Riverside County Redevelopment Successor Agency8.500% 10/01/20260.3%
Arkansas Development Finance Authority4.500% 08/25/20490.3%
Ohio Air Quality Development Authority5.000% 06/24/20490.3%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/06/20590.3%
City Of Minneapolis Mn5.000% 11/08/20490.3%
Great Oaks Career Campuses Board Of Education3.000% 11/25/20500.3%
Energy Southeast A Cooperative District5.750% 11/01/20310.3%
New Jersey Economic Development Authority5.250% 10/26/20470.3%
New Jersey Economic Development Authority5.000% 10/23/20520.3%
State Of Illinois5.500% 04/25/20470.3%
City Of San Antonio Tx Electric & Gas Systems Reve5.500% 01/25/20500.3%
Black Belt Energy Gas District4.000% 12/01/20260.2%
New York City Transitional Finance Authority5.250% 04/24/20510.2%
Tender Option Bond Trust Receipts/Certificates10.000% 04/29/20330.2%
Main Street Natural Gas Inc5.000% 12/01/20310.2%
Massachusetts Development Finance Agency5.000% 06/23/20540.2%
Port Of Portland Or Airport Revenue5.250% 06/23/20540.2%
New York Transportation Development Corp4.000% 06/26/20410.2%
Metropolitan Transportation Authority5.250% 11/07/20550.2%
New York Transportation Development Corp5.000% 12/29/20350.2%
San Leandro Unified School District5.250% 07/25/20480.2%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/05/20620.2%
Kenton County Airport Board5.250% 12/24/20530.2%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/07/20520.2%
Tender Option Bond Trust Receipts/Certificates11.237% 06/30/20320.2%
Tender Option Bond Trust Receipts/Certificates10.000% 02/27/20350.2%
Tennessee Energy Acquisition Corp5.625% 08/31/20260.2%
Patriots Energy Group Financing Agency5.250% 03/01/20310.2%
Metropolitan Pier & Exposition Authority0.000% 06/12/20330.2%
Southeast Alabama Gas Supply District/The5.000% 05/01/20320.2%
New York City Municipal Water Finance Authority5.250% 06/07/20530.2%
South Carolina Jobs-Economic Development Authority5.500% 10/26/20460.2%
Washington State Housing Finance Commission4.084% 03/17/20400.2%
California State Public Works Board5.000% 03/25/20490.2%
Maryland State Transportation Authority5.000% 06/24/20510.2%
Wisconsin Health & Educational Facilities Authorit5.500% 02/07/20540.2%
Chicago O'Hare International Airport5.000% 06/24/20480.2%
City Of New York Ny1.350% 03/07/20250.2%
Illinois Finance Authority5.000% 08/07/20520.2%
New Hampshire Business Finance Authority4.000% 10/15/20360.2%
Texas Department Of Housing & Community Affairs5.125% 06/23/20550.2%
Oklahoma Development Finance Authority5.500% 08/07/20520.2%
Oklahoma Development Finance Authority5.500% 08/06/20570.2%
San Francisco City & County Airport Comm-San Franc5.250% 04/24/20490.2%
Washington State Convention Center Public Faciliti4.000% 06/29/20310.2%
Black Belt Energy Gas District5.500% 02/01/20290.2%
Palomar Health5.000% 10/27/20360.2%
Southeast Energy Authority A Cooperative District5.000% 11/01/20320.2%
Monroe County Hospital Authority/Pa5.100% 06/12/20390.2%
New Jersey Turnpike Authority5.250% 12/24/20530.2%
Clifton Higher Education Finance Corp6.125% 08/08/20480.2%
New Jersey Transportation Trust Fund Authority5.000% 06/09/20460.2%
Lower Colorado River Authority5.250% 05/07/20540.2%
New Jersey Transportation Trust Fund Authority4.000% 06/09/20450.2%
Southeast Energy Authority A Cooperative District5.250% 01/01/20330.2%
Chicago O'Hare International Airport5.000% 12/26/20460.2%
New Jersey Transportation Trust Fund Authority5.000% 06/10/20420.2%
County Of Warren Ky5.250% 03/25/20490.2%
City Of New York Ny5.250% 03/24/20540.2%
City Of St Cloud Mn5.000% 04/23/20540.2%
Port Of Seattle Industrial Development Corp5.000% 03/18/20250.2%
Golden State Tobacco Securitization Corp5.000% 05/25/20510.2%
Massachusetts Development Finance Agency8.500% 10/01/20250.2%
Public Finance Authority5.000% 09/22/20520.2%
Delaware State Housing Authority6.000% 12/24/20540.2%
Pennsylvania Turnpike Commission5.000% 05/30/20290.2%
Tobacco Securitization Authority Of Southern Calif5.000% 05/25/20480.2%
Foothill-Eastern Transportation Corridor Agency3.500% 01/06/20530.2%
Metropolitan Transportation Authority4.000% 11/07/20480.2%
County Of Cuyahoga Oh5.500% 02/08/20520.2%
Irvine Facilities Financing Authority5.250% 08/24/20530.2%
New Jersey Economic Development Authority5.625% 12/25/20510.2%
State Of Illinois5.500% 04/27/20390.2%
Kenton County Airport Board5.250% 12/24/20480.2%
New Jersey Transportation Trust Fund Authority0.000% 12/12/20280.2%
Commonwealth Of Puerto Rico4.000% 06/27/20370.2%
Pennsylvania Economic Development Financing Author5.750% 12/21/20620.2%
Louisiana Public Facilities Authority4.000% 03/25/20500.2%
County Of Warren Ky5.250% 03/24/20540.2%
Metropolitan Pier & Exposition Authority0.000% 12/13/20300.2%
New York City Transitional Finance Authority5.250% 04/24/20490.2%
Tender Option Bond Trust Receipts/Certificates10.615% 08/13/20330.2%
New York State Dormitory Authority5.000% 04/23/20520.2%
Onondaga County Trust For Cultural Resources5.000% 11/26/20430.2%
University Of Connecticut5.250% 11/09/20470.2%
Metropolitan Government Nashville & Davidson Count5.250% 09/22/20580.2%
New York City Transitional Finance Authority Futur5.500% 10/26/20450.2%
County Of Miami-Dade Fl Water & Sewer System Reven5.250% 09/23/20540.2%
State Of California5.250% 09/24/20500.2%
Tender Option Bond Trust Receipts/Certificates10.000% 07/30/20340.2%
Washington & Multnomah Counties School District No5.000% 06/11/20360.2%
South Carolina Jobs-Economic Development Authority5.000% 11/25/20460.2%
Commonwealth Of Massachusetts5.000% 12/24/20530.2%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.329% 06/26/20400.2%
Illinois Finance Authority5.250% 05/08/20480.2%
Oklahoma City Water Utilities Trust5.250% 06/20/20640.2%
Oklahoma Turnpike Authority5.500% 12/23/20520.2%
South Carolina Public Service Authority5.500% 11/23/20540.2%
City Of Salt Lake City Ut Airport Revenue5.500% 06/23/20530.2%
New York State Dormitory Authority5.000% 07/08/20500.2%
Pennsylvania Housing Finance Agency5.000% 09/24/20500.2%
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue5.000% 06/22/20580.2%
Shaker Heights City School District5.250% 12/06/20590.2%
Black Belt Energy Gas District5.250% 06/01/20290.2%
Chicago Board Of Education Dedicated Capital Impro5.750% 03/25/20480.2%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/06/20580.2%
City Of San Francisco Ca Public Utilities Commissi5.250% 10/23/20520.2%
Tender Option Bond Trust Receipts/Certificates10.000% 12/31/20290.2%
Grapevine Wash Local District5.250% 11/24/20440.2%
New York City Industrial Development Agency5.000% 06/29/20280.2%
Empire State Development Corp3.000% 03/08/20480.2%
City Of New York Ny5.000% 07/25/20510.2%
City Of St Louis Mo Airport Revenue5.000% 06/25/20470.2%
Connecticut State Health & Educational Facilities4.000% 06/26/20410.2%
Metropolitan Washington Airports Authority Aviatio5.500% 09/23/20540.2%
New York Transportation Development Corp5.625% 03/27/20400.2%
Tender Option Bond Trust Receipts/Certificates10.000% 12/30/20340.2%
New York State Thruway Authority5.250% 12/24/20550.2%
State Of California5.250% 07/29/20320.2%
Tobacco Settlement Financing Corp/Va5.000% 05/26/20470.2%
City Of Colby Ks5.500% 06/30/20260.2%
Port Authority Of New York & New Jersey5.000% 11/23/20530.2%
Royse City Independent School District/Tx5.000% 02/13/20340.2%
State Of Connecticut Special Tax Revenue5.000% 12/27/20360.2%
New Jersey Health Care Facilities Financing Author4.000% 06/24/20480.2%
City Of New York Ny5.250% 08/27/20430.2%
New York State Dormitory Authority4.000% 06/23/20520.2%
Palomar Health5.000% 10/28/20390.2%
Tender Option Bond Trust Receipts/Certificates9.510% 05/14/20300.2%
Tsasc Inc/Ny5.000% 05/26/20450.2%
Black Belt Energy Gas District5.500% 12/01/20280.2%
City Of Rock Hill Sc Combined Utility System Reven5.000% 12/22/20630.2%
New York City Transitional Finance Authority Futur1.700% 03/03/20250.2%
New York State Dormitory Authority5.500% 09/23/20540.2%
Oregon State Facilities Authority5.000% 10/01/20250.2%
Washington State Convention Center Public Faciliti5.000% 06/24/20480.2%
University Of North Carolina At Wilmington5.000% 06/01/20250.1%
Washington Metropolitan Area Transit Authority Ded5.250% 07/06/20590.1%
Montebello Unified School District5.500% 07/26/20470.1%
New Jersey Transportation Trust Fund Authority5.250% 06/10/20410.1%
New York State Dormitory Authority3.000% 03/08/20500.1%
New York Transportation Development Corp4.000% 12/29/20350.1%
State Of Nevada Department Of Business & Industry9.500% 01/01/20330.1%
California Municipal Finance Authority5.000% 01/26/20470.1%
California Statewide Communities Development Autho5.500% 11/23/20540.1%
Charleston County Airport District5.250% 06/23/20540.1%
City Of Los Angeles Department Of Airports5.500% 05/09/20470.1%
Metropolitan Nashville Airport Authority/The5.500% 06/23/20520.1%
City Of Tampa Fl4.000% 06/25/20450.1%
City Of Philadelphia Pa Water & Wastewater Revenue5.250% 09/22/20520.1%
Port Authority Of New York & New Jersey5.000% 07/12/20350.1%
State Of Illinois4.000% 10/28/20370.1%
Port Of Portland Or Airport Revenue5.500% 06/24/20480.1%
State Of Illinois5.500% 09/27/20390.1%
California Health Facilities Financing Authority4.000% 11/09/20450.1%
Maryland Economic Development Corp5.250% 06/22/20550.1%
Public Finance Authority5.750% 06/29/20330.1%
City Of Los Angeles Department Of Airports5.000% 05/09/20450.1%
County Of Lee Fl Airport Revenue5.250% 09/24/20490.1%
Florida Development Finance Corp5.000% 06/09/20470.1%
Southwest Local School District/Hamilton County4.000% 01/08/20550.1%
New Hampshire Business Finance Authority3.625% 08/16/20390.1%
Tender Option Bond Trust Receipts/Certificates11.246% 09/29/20330.1%
Isle Wight County Industrial Development Authority5.250% 06/23/20530.1%
Metropolitan Pier & Exposition Authority4.000% 06/07/20520.1%
Chicago O'Hare International Airport5.500% 12/23/20580.1%
South Carolina Public Service Authority5.250% 11/24/20490.1%
Tennergy Corp/Tn5.500% 12/01/20300.1%
Tender Option Bond Trust Receipts/Certificates11.673% 05/31/20310.1%
Connecticut State Health & Educational Facilities4.000% 06/24/20490.1%
Palm Beach County Health Facilities Authority4.000% 08/08/20490.1%
Kentucky Bond Development Corp4.000% 08/24/20480.1%
New Hampshire Business Finance Authority4.250% 07/15/20410.1%
State Of Illinois5.000% 12/29/20340.1%
County Of Anne Arundel Md3.000% 09/24/20440.1%
Metropolitan Pier & Exposition Authority0.000% 12/10/20360.1%
California Infrastructure & Economic Development B8.000% 08/15/20250.1%
New Jersey Economic Development Authority5.000% 06/09/20470.1%
New York Transportation Development Corp5.000% 11/27/20390.1%
Iowa Finance Authority4.750% 07/27/20420.1%
St Louis County Reorganized School District No R-63.350% 01/29/20370.1%
Metropolitan Transportation Authority4.000% 11/08/20490.1%
Empire State Development Corp3.000% 03/08/20500.1%
Berks County Municipal Authority/The0.000% 06/24/20440.1%
New Jersey Economic Development Authority5.250% 09/13/20290.1%
St Louis County Reorganized School District No R-63.400% 01/29/20380.1%
Montana Facility Finance Authority5.000% 06/24/20480.1%
State Of Illinois5.500% 02/24/20420.1%
New Jersey Economic Development Authority5.000% 10/25/20440.1%
Virginia Small Business Financing Authority5.000% 12/27/20360.1%
New Jersey Transportation Trust Fund Authority5.000% 06/08/20480.1%
City Of Compton Ca Water Revenue6.000% 07/28/20390.1%
City Of Fort Lauderdale Fl Water & Sewer Revenue5.500% 08/24/20530.1%
Florida Housing Finance Corp6.250% 06/23/20550.1%
Jea Water & Sewer System Revenue5.500% 09/23/20540.1%
Metropolitan Pier & Exposition Authority4.000% 06/09/20500.1%
New Jersey Transportation Trust Fund Authority5.000% 06/09/20460.1%
New York State Thruway Authority3.000% 03/08/20490.1%
San Diego County Regional Airport Authority5.000% 06/23/20530.1%
Texas Municipal Gas Acquisition & Supply Corp Iv5.500% 01/01/20340.1%
Jefferson County Port Authority/Oh5.000% 12/01/20280.1%
Maryland Economic Development Corp6.000% 06/22/20580.1%
Washington State Housing Finance Commission5.500% 06/22/20590.1%
Port Authority Of New York & New Jersey5.000% 07/11/20380.1%
San Francisco Bay Area Rapid Transit District Sale3.000% 06/25/20440.1%
Black Belt Energy Gas District4.000% 12/01/20260.1%
Black Belt Energy Gas District5.000% 07/01/20310.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/23/20530.1%
Municipal Electric Authority Of Georgia5.250% 12/24/20530.1%
Southeast Energy Authority A Cooperative District5.500% 12/01/20290.1%
Texas Private Activity Bond Surface Transportation5.500% 12/22/20580.1%
Chicago Board Of Education6.000% 11/24/20490.1%
City Of Valparaiso In5.000% 12/24/20530.1%
County Of Pasco Fl5.750% 08/24/20540.1%
Duluth Economic Development Authority5.250% 06/07/20520.1%
Mission Economic Development Corp4.625% 09/29/20310.1%
New Hampshire Business Finance Authority4.375% 09/15/20360.1%
County Of Cuyahoga Oh5.500% 02/05/20570.1%
Maryland Economic Development Corp5.250% 06/20/20640.1%
New Jersey Transportation Trust Fund Authority5.000% 06/09/20450.1%
Tsasc Inc/Ny5.000% 05/25/20480.1%
Iowa Finance Authority4.000% 11/24/20500.1%
Pennsylvania Higher Educational Facilities Authori5.000% 10/24/20540.1%
Ridley School District5.000% 05/14/20320.1%
Kentucky Municipal Power Agency5.000% 09/01/20260.1%
Kentucky Municipal Power Agency5.000% 09/01/20260.1%
Maryland Economic Development Corp5.000% 06/23/20540.1%
Massachusetts Development Finance Agency5.000% 06/28/20350.1%
California Municipal Finance Authority5.000% 12/27/20380.1%
Chautauqua County Capital Resource Corp4.250% 04/03/20280.1%
Grant County Public Hospital District No 15.125% 11/29/20330.1%
Lee County Industrial Development Authority/Fl4.000% 03/25/20490.1%
Massachusetts Educational Financing Authority4.125% 06/25/20460.1%
Tender Option Bond Trust Receipts/Certificates10.000% 06/30/20320.1%
Tuscaloosa County Industrial Development Authority5.250% 04/25/20440.1%
City Of Houston Tx Airport System Revenue5.500% 07/11/20390.1%
Empire State Development Corp3.000% 03/08/20490.1%
Maryland Economic Development Corp5.000% 11/09/20280.1%
Massachusetts Development Finance Agency5.000% 09/23/20480.1%
Metropolitan Nashville Airport Authority/The5.000% 06/24/20490.1%
New York Convention Center Development Corp5.000% 11/09/20400.1%
North Texas Tollway Authority5.000% 12/26/20470.1%
Port Of Portland Or Airport Revenue5.000% 06/24/20490.1%
Rhode Island Health And Educational Building Corp5.250% 05/07/20540.1%
Washington Suburban Sanitary Commission3.000% 05/26/20450.1%
City Of Houston Tx Airport System Revenue5.500% 07/11/20370.1%
Illinois Finance Authority4.125% 12/31/20340.1%
Indiana Finance Authority5.250% 01/30/20320.1%
King County Public Hospital District No 45.000% 11/27/20380.1%
New Hampshire Business Finance Authority4.000% 11/30/20280.1%
Port Of Beaumont Navigation District5.250% 12/24/20530.1%
Tulsa Airports Improvement Trust5.500% 05/29/20350.1%
University Of Illinois4.000% 04/01/20280.1%
Inland Valley Development Agency5.250% 08/28/20370.1%
Louisiana Stadium & Exposition District5.000% 06/24/20480.1%
New York State Dormitory Authority5.000% 06/26/20400.1%
Northern Indiana Commuter Transportation District5.000% 12/24/20530.1%
Forney Independent School District3.000% 02/10/20450.1%
Ohio Higher Educational Facility Commission5.250% 04/23/20540.1%
Arkansas Development Finance Authority5.700% 04/23/20530.1%
Greater Texas Cultural Education Facilities Financ5.000% 05/30/20340.1%
New York City Municipal Water Finance Authority5.250% 06/09/20470.1%
New Hampshire Business Finance Authority4.875% 10/27/20420.1%
Colorado Health Facilities Authority5.500% 10/26/20470.1%
New York State Dormitory Authority4.000% 07/28/20380.1%
Public Finance Authority5.500% 06/29/20330.1%
City Of Baltimore Md5.000% 06/27/20390.1%
Colorado Bridge & Tunnel Enterprise5.500% 11/23/20540.1%
Massachusetts Development Finance Agency4.000% 06/25/20440.1%
Niagara Area Development Corp4.750% 10/27/20420.1%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit4.000% 06/26/20420.1%
State Of Illinois5.000% 04/27/20380.1%
Empire State Development Corp3.000% 03/09/20470.1%
Oklahoma Development Finance Authority5.250% 08/08/20480.1%
California Statewide Communities Development Autho5.250% 11/26/20430.1%
Main Street Natural Gas Inc5.000% 05/14/20270.1%
New Jersey Economic Development Authority5.000% 06/10/20430.1%
City Of Houston Tx Airport System Revenue5.500% 07/11/20380.1%
City Of Whiting In3.000% 10/26/20510.1%
Florida Development Finance Corp6.125% 07/01/20260.1%
Foothill-Eastern Transportation Corridor Agency3.950% 01/06/20530.1%
Indiana Finance Authority5.375% 05/21/20640.1%
New York Transportation Development Corp5.000% 12/30/20290.1%
Pennsylvania Turnpike Commission Oil Franchise Tax4.000% 11/23/20530.1%
California Statewide Communities Development Autho5.250% 11/21/20560.1%
Chicago Board Of Education4.000% 11/26/20410.1%
City Of Charlotte Nc Airport Revenue5.250% 06/23/20530.1%
City Of New York Ny1.600% 03/03/20250.1%
Chicago Board Of Education Dedicated Capital Impro6.100% 03/28/20360.1%
Greenville-Spartanburg Airport District5.250% 06/23/20540.1%
Columbus Regional Airport Authority5.250% 12/25/20490.1%
Columbus Regional Airport Authority5.250% 12/24/20540.1%
Metropolitan Pier & Exposition Authority5.000% 06/08/20500.1%
New York City Municipal Water Finance Authority3.500% 06/08/20480.1%
Northern Indiana Commuter Transportation District5.250% 12/24/20480.1%
Astoria Hospital Facilities Authority5.250% 07/24/20540.1%
Metropolitan Transportation Authority4.000% 11/09/20450.1%
State Of Connecticut Special Tax Revenue5.000% 12/28/20370.1%
Tobacco Settlement Financing Corp5.250% 05/26/20460.1%
Hoover Industrial Development Board5.750% 09/24/20490.1%
Metropolitan Transportation Authority5.000% 11/12/20350.1%
New York State Dormitory Authority3.000% 03/10/20420.1%
Port Authority Of New York & New Jersey5.000% 07/11/20360.1%
University Of Oregon3.500% 03/26/20520.1%
City Of Los Angeles Department Of Airports3.000% 05/08/20490.1%
County Of Luzerne Pa5.000% 11/13/20290.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/23/20530.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/24/20480.1%
Clifton Higher Education Finance Corp3.000% 08/09/20510.1%
Eagle County Airport Terminal Corp5.000% 05/01/20270.1%
Greater Texas Cultural Education Facilities Financ5.000% 05/30/20340.1%
Maryland Health & Higher Educational Facilities Au5.250% 06/23/20520.1%
Colorado Bridge & Tunnel Enterprise5.250% 11/24/20490.1%
New York Transportation Development Corp4.000% 12/25/20500.1%
City Of Waltham Ma2.000% 10/12/20360.1%
Genesee County Funding Corp/The5.250% 11/22/20520.1%
Michigan State Hospital Finance Authority5.000% 11/09/20470.1%
Port Authority Of New York & New Jersey5.500% 07/24/20520.1%
Astoria Hospital Facilities Authority5.250% 07/25/20490.1%
Black Belt Energy Gas District5.250% 09/01/20320.1%
Build Nyc Resource Corp5.250% 06/23/20520.1%
Burbank-Glendale-Pasadena Airport Authority Brick5.250% 06/24/20490.1%
City Of Waltham Ma2.000% 10/13/20350.1%
Cmfa Special Finance Agency4.000% 11/25/20450.1%
E-470 Public Highway Authority0.000% 08/28/20370.1%
Parish Of St James La6.350% 06/26/20400.1%
Public Finance Authority5.750% 11/23/20540.1%
City Of Seneca Ks5.000% 06/01/20250.1%
Main Street Natural Gas Inc5.000% 05/11/20380.1%
Montana Facility Finance Authority5.000% 06/26/20430.1%
Chicago Board Of Education5.875% 11/25/20470.1%
Clifton Higher Education Finance Corp6.000% 08/11/20380.1%
Bay Area Toll Authority3.000% 03/24/20540.1%
Greenville Health System5.000% 04/28/20340.1%
New York Liberty Development Corp3.125% 09/08/20500.1%
New York State Dormitory Authority3.000% 06/25/20450.1%
Omaha Public Power District Nebraska City Station5.250% 01/27/20420.1%
Washington Health Care Facilities Authority5.000% 06/28/20380.1%
Salt Verde Financial Corp5.250% 11/30/20270.1%
Skagit County Public Hospital District No 15.500% 11/29/20330.1%
Empire State Development Corp3.000% 03/08/20490.1%
Knox County Health Educational & Housing Facility5.125% 06/23/20540.1%
South Broward Hospital District3.000% 04/25/20510.1%
Cumberland County Municipal Authority3.000% 10/28/20380.1%
Illinois Finance Authority4.000% 08/28/20390.1%
Alameda Corridor Transportation Authority5.000% 10/01/20260.1%
City Of New York Ny3.000% 02/23/20510.1%
County Of Cook Il Sales Tax Revenue4.000% 11/12/20340.1%
Massachusetts Development Finance Agency5.000% 06/28/20320.1%
New York State Dormitory Authority5.000% 07/10/20420.1%
Tobacco Settlement Financing Corp5.000% 05/26/20460.1%
Union County Utilities Authority4.750% 11/29/20310.1%
Charleston County Airport District5.250% 06/24/20490.1%
Foothill-Eastern Transportation Corridor Agency0.000% 01/11/20330.1%
Iowa Higher Education Loan Authority5.000% 09/30/20300.1%
Municipal Electric Authority Of Georgia5.250% 12/24/20480.1%
State Of California5.000% 07/28/20380.1%
Wisconsin Health & Educational Facilities Authorit4.000% 11/09/20460.1%
Arkansas Development Finance Authority5.450% 08/23/20520.1%
Matching Fund Special Purpose Securitization Corp5.000% 09/27/20390.1%
Central Plains Energy Project5.000% 08/27/20420.1%
Montgomery County Higher Education And Health Auth4.000% 08/25/20490.1%
Tender Option Bond Trust Receipts/Certificates10.830% 05/14/20300.1%
West Virginia Hospital Finance Authority6.000% 08/24/20530.1%
Parish Of St James La6.100% 06/01/20300.1%
State Of Connecticut Special Tax Revenue5.000% 07/29/20340.1%
State Of Illinois5.000% 12/26/20400.1%
New Jersey Economic Development Authority6.000% 03/28/20250.1%
State Of Connecticut3.000% 11/10/20420.1%
Cscda Community Improvement Authority3.125% 07/23/20560.1%
Fayette County Development Authority5.250% 09/23/20540.1%
Port Authority Of New York & New Jersey5.000% 07/11/20370.1%
California Statewide Communities Development Autho5.500% 11/22/20580.1%
Louisville/Jefferson County Metropolitan Governmen5.000% 09/26/20410.1%
Maryland Health & Higher Educational Facilities Au5.000% 12/31/20310.1%
Pennsylvania Turnpike Commission4.000% 11/27/20380.1%
Massachusetts Development Finance Agency5.000% 06/27/20390.1%
New York Transportation Development Corp5.000% 11/26/20420.1%
Washington State Convention Center Public Faciliti4.000% 06/26/20480.1%
City Of Philadelphia Pa5.000% 07/28/20370.1%
Main Street Natural Gas Inc5.000% 05/10/20430.1%
Parish Of St James La6.100% 06/01/20300.1%
Michigan Finance Authority5.500% 02/20/20490.1%
Isle Wight County Industrial Development Authority5.250% 06/24/20480.1%
Nebraska Educational Health Cultural & Social Serv4.000% 12/27/20430.1%
Pennsylvania Economic Development Financing Author4.000% 05/08/20480.1%
Pittsburgh Water & Sewer Authority5.000% 08/24/20480.1%
E-470 Public Highway Authority0.000% 08/28/20320.1%
Main Street Natural Gas Inc5.000% 05/11/20370.1%
South Carolina Public Service Authority5.250% 11/23/20540.1%
Allentown Neighborhood Improvement Zone Developmen5.250% 04/26/20420.1%
New York State Dormitory Authority5.000% 07/30/20280.1%
New York State Dormitory Authority5.250% 09/24/20490.1%
New York State Thruway Authority3.000% 03/08/20510.1%
City Of Chicago Il Waterworks Revenue5.000% 10/27/20360.1%
Maryland Economic Development Corp5.125% 06/22/20590.1%
New York Transportation Development Corp5.375% 07/28/20360.1%
Phenix City Industrial Development Board3.625% 05/14/20300.1%
Colorado Health Facilities Authority5.000% 07/26/20440.1%
Main Street Natural Gas Inc5.000% 05/13/20290.1%
Minneapolis-St Paul Metropolitan Airports Commissi5.000% 12/26/20460.1%
New Jersey Transportation Trust Fund Authority5.000% 06/13/20300.1%
State Of Illinois5.000% 04/26/20430.1%
Town Of Davie Fl5.000% 03/25/20480.1%
Burbank-Glendale-Pasadena Airport Authority Brick5.250% 06/23/20540.1%
California Health Facilities Financing Authority5.000% 08/09/20470.1%
Iowa Higher Education Loan Authority5.000% 09/30/20300.1%
New York Transportation Development Corp5.000% 12/29/20280.1%
Columbia County Hospital Authority/Ga5.750% 03/24/20530.1%
Hospitals & Higher Education Facilities Authority5.000% 06/28/20330.1%
New York State Environmental Facilities Corp3.125% 06/01/20260.1%
Ohio Higher Educational Facility Commission5.250% 04/24/20490.1%
Southern California Public Power Authority4.520% 10/29/20380.1%
City Of New York Ny5.500% 04/25/20460.1%
Commonwealth Of Puerto Rico0.000% 10/26/20510.1%
Maricopa County Industrial Development Authority4.000% 10/09/20470.1%
Ohio Higher Educational Facility Commission5.250% 09/23/20530.1%
Wayne County Airport Authority5.000% 11/25/20460.1%
Antelope Valley Healthcare District5.000% 02/24/20410.1%
Duluth Economic Development Authority5.250% 02/06/20530.1%
Iowa Higher Education Loan Authority5.000% 09/30/20300.1%
Metropolitan Transportation Authority5.000% 05/15/20300.1%
Westchester County Local Development Corp5.000% 10/25/20510.1%
Illinois Finance Authority4.000% 08/28/20370.1%
Knox County Health Educational & Housing Facility5.250% 06/24/20490.1%
Maryland Economic Development Corp5.250% 06/22/20520.1%
State Of Illinois5.750% 04/25/20450.1%
Massachusetts Development Finance Agency5.250% 06/24/20480.1%
Parish Of St James La6.350% 09/25/20400.1%
Camden County Improvement Authority/The6.000% 06/05/20620.1%
Northern Illinois University5.500% 03/25/20490.1%
River Islands Public Financing Authority5.250% 08/23/20520.1%
State Of Illinois5.250% 04/25/20450.1%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/06/20570.1%
Washington State Housing Finance Commission6.125% 06/30/20300.1%
Williamsburg Economic Development Authority5.250% 06/23/20530.1%
Chicago Board Of Education Dedicated Capital Impro5.000% 03/30/20330.1%
Industrial Development Authority Of The City Of St4.750% 11/09/20470.1%
New York State Dormitory Authority5.000% 03/09/20460.1%
City Of Chicago Il Waterworks Revenue5.000% 10/28/20370.1%
Commonwealth Of Puerto Rico5.375% 07/01/20250.1%
County Of Muskingum Oh5.000% 02/10/20440.1%
Maryland Economic Development Corp5.250% 06/24/20470.1%
New York City Housing Development Corp2.400% 10/26/20460.1%
Tobacco Securitization Authority Of Northern Calif4.000% 05/25/20490.1%
State Of Ohio4.000% 11/11/20390.1%
Washington State Housing Finance Commission5.000% 06/23/20540.1%
Berks County Municipal Authority/The8.000% 09/17/20330.1%
California Municipal Finance Authority5.000% 12/26/20430.1%
City Of Houston Tx Airport System Revenue6.625% 07/11/20380.1%
County Of Washoe Nv4.125% 10/01/20290.1%
Antelope Valley Healthcare District5.000% 02/23/20460.1%
Michigan Finance Authority5.000% 05/25/20490.1%
New Jersey Transportation Trust Fund Authority5.000% 06/13/20310.1%
Reno-Tahoe Airport Authority5.250% 06/23/20540.1%
Chicago Board Of Education4.000% 11/25/20400.1%
New Hampshire Business Finance Authority6.250% 06/13/20340.1%
State Of Connecticut3.000% 11/10/20430.1%
West Pace Cooperative District0.000% 04/27/20390.1%
Love Field Airport Modernization Corp5.000% 10/29/20280.1%
Michigan Finance Authority5.500% 02/18/20570.1%
New Jersey Transportation Trust Fund Authority5.500% 06/08/20500.1%
New Hampshire Business Finance Authority5.625% 12/13/20330.0%
West Virginia Hospital Finance Authority6.000% 08/24/20480.0%
California Pollution Control Financing Authority5.000% 12/31/20280.0%
City Of Chicago Il5.500% 12/28/20380.0%
Florida Development Finance Corp4.375% 10/01/20310.0%
Maryland Health & Higher Educational Facilities Au5.000% 06/27/20380.0%
New Jersey Educational Facilities Authority5.250% 08/24/20530.0%
Public Finance Authority5.250% 09/27/20380.0%
City Of San Antonio Tx Electric & Gas Systems Reve5.500% 01/24/20490.0%
New Jersey Transportation Trust Fund Authority5.250% 06/10/20420.0%
Niagara Area Development Corp4.500% 06/23/20520.0%
Reno-Tahoe Airport Authority5.250% 06/24/20490.0%
State Of Illinois5.000% 11/28/20350.0%
Washington Township Health Care District5.500% 07/24/20530.0%
Fayette County Development Authority5.250% 09/24/20490.0%
Maryland Economic Development Corp5.750% 06/23/20530.0%
Metropolitan Government Nashville & Davidson Count5.250% 06/24/20480.0%
New York Transportation Development Corp4.000% 06/25/20460.0%
Chicago Board Of Education5.000% 11/29/20300.0%
Chicago O'Hare International Airport5.250% 12/26/20400.0%
Knox County Health Educational & Housing Facility5.500% 06/22/20590.0%
Chicago Board Of Education5.000% 11/29/20290.0%
District Of Columbia5.000% 06/01/20260.0%
Greater Asheville Regional Airport Authority5.250% 06/23/20530.0%
California School Finance Authority5.000% 07/01/20270.0%
City Of Miami Beach Fl Parking Revenue5.000% 09/01/20250.0%
Florida Higher Educational Facilities Financial Au5.000% 04/01/20260.0%
New Jersey Transportation Trust Fund Authority0.000% 12/11/20370.0%
Illinois Finance Authority5.000% 08/26/20400.0%
Massachusetts Development Finance Agency5.000% 06/29/20310.0%
Michigan Finance Authority5.000% 06/28/20340.0%
New York State Dormitory Authority5.250% 06/23/20540.0%
New York State Dormitory Authority3.000% 03/08/20490.0%
Rhode Island Health And Educational Building Corp5.250% 05/08/20490.0%
Westchester County Local Development Corp5.750% 10/24/20480.0%
Allentown Neighborhood Improvement Zone Developmen5.000% 04/28/20320.0%
Lower Colorado River Authority6.000% 05/07/20520.0%
Maryland Economic Development Corp4.000% 08/26/20400.0%
Massachusetts Development Finance Agency4.000% 06/28/20350.0%
City Of Chicago Il Waterworks Revenue5.000% 10/27/20360.0%
Iowa Higher Education Loan Authority5.000% 09/30/20300.0%
Municipal Electric Authority Of Georgia5.000% 06/24/20480.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/28/20330.0%
State Of Illinois5.250% 04/24/20490.0%
Chicago O'Hare International Airport5.250% 12/27/20420.0%
Washington State Housing Finance Commission6.375% 06/30/20300.0%
Indiana Finance Authority5.125% 05/23/20580.0%
M-S-R Energy Authority6.125% 10/30/20290.0%
State Of Connecticut5.000% 04/11/20390.0%
Capital Projects Finance Authority/Fl5.000% 10/25/20530.0%
Capital Projects Finance Authority/Fl5.000% 10/24/20580.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/29/20310.0%
California School Finance Authority5.000% 07/31/20280.0%
County Of Osceola Fl Transportation Revenue4.000% 09/23/20540.0%
Indiana Finance Authority5.250% 06/20/20640.0%
Indiana Finance Authority4.125% 11/30/20260.0%
Chicago O'Hare International Airport5.250% 12/27/20410.0%
Massachusetts Development Finance Agency5.000% 06/28/20340.0%
Nassau County Local Economic Assistance Corp5.000% 03/28/20250.0%
State Of Illinois5.250% 04/25/20470.0%
State Of Illinois5.250% 04/24/20480.0%
Adelanto Public Utility Authority5.000% 07/01/20270.0%
Florida Development Finance Corp5.250% 07/30/20290.0%
Massachusetts Development Finance Agency5.000% 06/25/20440.0%
Florida Higher Educational Facilities Financial Au5.000% 03/29/20330.0%
New Jersey Transportation Trust Fund Authority0.000% 12/13/20310.0%
California School Finance Authority5.000% 08/01/20250.0%
New Jersey Economic Development Authority6.500% 03/30/20280.0%
Niagara Area Development Corp5.000% 06/23/20520.0%
Toledo-Lucas County Port Authority5.000% 06/28/20390.0%
Washington State Housing Finance Commission5.500% 06/25/20440.0%
California Municipal Finance Authority5.000% 06/01/20250.0%
Tsasc Inc/Ny5.000% 05/29/20350.0%
Westchester County Local Development Corp6.250% 10/23/20520.0%
California Municipal Finance Authority5.000% 03/25/20490.0%
Indiana Finance Authority5.000% 05/24/20530.0%
Knox County Health Educational & Housing Facility5.125% 06/22/20590.0%
New York City Housing Development Corp5.250% 12/13/20310.0%
New York State Dormitory Authority5.250% 06/24/20490.0%
Berks County Municipal Authority/The6.000% 06/27/20340.0%
Capital Projects Finance Authority/Fl5.000% 10/26/20480.0%
Compton Community Redevelopment Agency Successor A5.000% 07/27/20420.0%
Greater Asheville Regional Airport Authority5.250% 06/24/20480.0%
Maryland Health & Higher Educational Facilities Au5.000% 06/27/20360.0%
Mida Mountain Village Public Infrastructure Distri6.000% 06/07/20540.0%
Nassau County Tobacco Settlement Corp0.000% 05/22/20600.0%
New Jersey Economic Development Authority5.000% 06/11/20360.0%
New York State Dormitory Authority5.000% 11/29/20310.0%
Wisconsin Health & Educational Facilities Authorit5.250% 02/07/20540.0%
Chicago Board Of Education7.000% 11/25/20460.0%
City Of Horace Nd4.500% 04/27/20390.0%
Cscda Community Improvement Authority4.000% 05/23/20570.0%
Massachusetts Development Finance Agency5.000% 06/28/20330.0%
Finance Authority Of Maine4.625% 06/01/20350.0%
Grand River Hospital District5.250% 11/27/20370.0%
Knox County Health Educational & Housing Facility5.500% 06/23/20540.0%
New York State Dormitory Authority5.000% 11/25/20400.0%
School District Of Philadelphia/The5.000% 08/28/20370.0%
City Of Rock Hill Sc Combined Utility System Reven5.000% 12/24/20530.0%
Indiana Finance Authority5.000% 06/23/20540.0%
Municipal Electric Authority Of Georgia5.000% 06/24/20480.0%
North Carolina Turnpike Authority5.000% 12/27/20420.0%
Chicago Board Of Education6.500% 11/25/20460.0%
City Of Horace Nd4.750% 04/25/20440.0%
Crawford County Hospital Authority6.000% 05/25/20510.0%
Nassau County Local Economic Assistance Corp5.000% 03/28/20250.0%
New York State Environmental Facilities Corp5.125% 09/03/20300.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/29/20290.0%
Washington State Housing Finance Commission5.500% 06/24/20490.0%
Capital Projects Finance Authority/Fl5.000% 10/30/20330.0%
Chicago Board Of Education5.000% 11/29/20310.0%
City Of Valparaiso In4.875% 12/27/20430.0%
County Of Cook Il5.000% 11/13/20300.0%
County Of Cook Il5.000% 11/12/20350.0%
County Of Osceola Fl Transportation Revenue5.000% 09/30/20290.0%
Dutchess County Local Development Corp5.000% 06/25/20450.0%
Grand River Hospital District5.250% 11/30/20280.0%
Grand River Hospital District5.250% 11/30/20280.0%
Industrial Development Authority Of The City Of Ph5.000% 06/27/20370.0%
Paducah Electric Plant Board5.000% 09/28/20350.0%
School District Of Philadelphia/The5.000% 08/28/20380.0%
State Of Connecticut5.000% 06/11/20380.0%
Capital Projects Finance Authority/Fl5.000% 10/30/20330.0%
Eagle County Airport Terminal Corp5.000% 05/01/20270.0%
Hospitals & Higher Education Facilities Authority5.000% 06/28/20320.0%
Nassau County Local Economic Assistance Corp5.000% 03/28/20250.0%
Parish Of St James La5.850% 06/01/20250.0%
Public Finance Authority5.250% 09/26/20430.0%
Toledo-Lucas County Port Authority5.000% 07/01/20250.0%
Crawford County Hospital Authority6.000% 05/26/20460.0%
Toledo-Lucas County Port Authority5.000% 06/26/20460.0%
Mida Mountain Village Public Infrastructure Distri5.750% 06/09/20440.0%
Public Finance Authority4.000% 06/26/20410.0%
Virginia Small Business Financing Authority5.000% 07/01/20380.0%
New York Transportation Development Corp5.250% 07/30/20310.0%
Public Finance Authority4.250% 06/23/20540.0%
Michigan Finance Authority5.000% 08/26/20500.0%
Wisconsin Health & Educational Facilities Authorit5.375% 01/26/20480.0%
New York City Housing Development Corp4.375% 12/13/20310.0%
Denver Health & Hospital Authority5.250% 11/25/20450.0%
Sierra Vista Industrial Development Authority5.000% 06/07/20540.0%
Sierra Vista Industrial Development Authority5.000% 06/06/20590.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/24/20510.0%
Nassau County Local Economic Assistance Corp5.000% 03/28/20250.0%
Casitas Municipal Water District5.250% 09/01/20270.0%
Irvine Unified School District5.000% 09/01/20270.0%
Michigan Finance Authority4.800% 08/28/20400.0%
San Joaquin Hills Transportation Corridor Agency5.250% 01/07/20490.0%
Development Authority Of Appling County1.600% 03/03/20250.0%
City Of Sparks Nv2.750% 06/15/20280.0%
Stone Canyon Community Improvement District0.000% 03/31/20270.0%
Michigan Finance Authority4.300% 08/31/20300.0%
Gramercy Farms Community Development District6.750% 04/28/20390.0%
Public Finance Authority0.000% 09/25/20470.0%
Westchester County Healthcare Corp/Ny6.000% 03/28/20250.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.536% 06/23/20530.0%
Westchester County Healthcare Corp/Ny6.125% 03/28/20250.0%
USM5 - Futures0.000% 06/18/20250.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 04/17/2025
$0.09896
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 03/31/2025 $0.03197 $10.29
Daily Daily 02/28/2025 $0.03225 $10.51
Daily Daily 01/31/2025 $0.03475 $10.44

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 04/30/2025
Daily Daily 05/31/2025
Daily Daily 06/30/2025
Daily Daily 07/31/2025
Daily Daily 08/31/2025
Daily Daily 09/30/2025
Daily Daily 10/31/2025
Daily Daily 11/30/2025
Daily Daily 12/31/2025

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 04/17/2025

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $10.31
$100,000 to $249,999 1.75% 1.50% $10.26
Greater than $250,000 0.00% 1.00% $10.08

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) prior to 12/1/2021 will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls. However, effective 12/1/2021, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month of the 18-month anniversary of the purchase. Prior to 12/1/2021 purchases between $250,000 - $499,999 were subject to a front-end sales charge.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 03/31/2025

Fund Gross Expense Ratio 0.78%
Fund Net Expense Ratio 0.69%

Expense ratio details, Click here.

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Annual Tailored Shareholder Report
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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

                    

1

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

2

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

 

3

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

 

IMPORTANT INFORMATION

 

A Note about Risk: The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likley to decline, and when interest rates fall, the prices of debt securities tend to rise. High-yielding non-investment grade bonds involve higher risk than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on those securities. A portion of the income derived from the Fund's portfolio may be subject to the alternative minimum tax. Any capital gains realized may be subject to taxation. Federal, state, and local taxes may apply. There is a risk that a bond issued as tax-exempt may be reclassified by the IRS as taxable, creating taxable rather than tax-exempt income. In addition, the Fund is subject to other types of risks, such as call, credit, liquidity, interest rate, and general market risks. The Fund may invest in bonds of issuers in Puerto Rico and other U.S. territories, comonwealths, and possessions, and may be affected by local, state, and regional factors. These may include, for example, economic or political developments, erosion of the tax base, and the possibility of credit problems. Stockholders should consult with their tax advisor for more specific information on taxation.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, effective 12/1/2021, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month of the 18-month anniversary of the purchase. Fund shares purchased without a sales charge prior to 12/1/2021 may be assessed a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The Bloomberg Municipal Bond Index a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market.  Bonds must be rated investment-grade (Baa3/BBB- or higher) by at least two ratings agencies.  They must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate, have a dated-date after December 31, 1990, and must be at least one year from their maturity date.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

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

 

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

The net expense ratio takes into account deductions for certain interest and related expenses from certain of the Fund's investments. Under accounting rules, the Fund recognized additional income in an amount that directly offsets these interest and related expenses. Therefore, the Fund's total returns and net asset value were not affected by such interest and related expenses.

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

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

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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