National Tax Free Fund

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LANSX

National Tax Free Fund

LANSX

Daily price w/o sales charge as of 03/23/2023

$10.31

$0.02

YTD Returns w/o sales charge as of 03/23/2023

2.34%

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

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Summary

What is the National Tax Free Fund?

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

Yield

Dividend Yield ¹ as of 03/23/2023

w/o sales charge	3.34%
w/ sales charge	3.26%

30-Day Standardized Yield ² as of 02/28/2023

3.45%

Average Yield to Worst as of 02/28/2023

4.56%

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

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Fund Basicsas of 02/28/2023

Total Net Assets: $3.54 B
Inception Date: 04/02/1984
Dividend Frequency: Monthly
Fund Gross Expense Ratio: 0.71%
Fund Net Expense Ratio: 0.70%
Number of Holdings: 726
Minimum Initial Investment: $1,000+

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 04/02/1984

w/o sales charge	1.14%	-8.88%	-3.22%	1.15%	1.94%	5.69%
Lipper Category Avg. General & Insured Municipal Debt Funds	0.75%	-7.01%	-2.33%	1.12%	1.71%	-
Bloomberg Municipal Bond Index	0.55%	-5.10%	-1.60%	1.66%	2.11%	-
w/ sales charge	-1.10%	-10.96%	-3.95%	0.69%	1.71%	5.62%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 04/02/1984

w/o sales charge	-13.93%	-13.93%	-2.22%	0.59%	1.93%	5.68%
Lipper Category Avg. General & Insured Municipal Debt Funds	-10.82%	-10.82%	-1.51%	0.69%	1.72%	-
Bloomberg Municipal Bond Index	-8.53%	-8.53%	-0.77%	1.25%	2.13%	-
w/ sales charge	-15.87%	-15.87%	-2.96%	0.14%	1.70%	5.62%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

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

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

The Muni Quarterly

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

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

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

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

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

Credit Quality Distribution as of 02/28/2023 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

35 Years of Industry Experience

Gregory M. Shuman, CFA

Partner, Portfolio Manager

12 Years of Industry Experience

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

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Dividend Yield ¹ as of 03/23/2023

w/o sales charge	3.34%
w/ sales charge	3.26%

30-Day Standardized Yield ² as of 02/28/2023

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	3.45%	3.45%

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

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 04/02/1984

w/o sales charge	1.14%	-8.88%	-3.22%	1.15%	1.94%	5.69%
Lipper Category Avg. General & Insured Municipal Debt Funds	0.75%	-7.01%	-2.33%	1.12%	1.71%	-
Bloomberg Municipal Bond Index	0.55%	-5.10%	-1.60%	1.66%	2.11%	-
w/ sales charge	-1.10%	-10.96%	-3.95%	0.69%	1.71%	5.62%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 04/02/1984

w/o sales charge	-13.93%	-13.93%	-2.22%	0.59%	1.93%	5.68%
Lipper Category Avg. General & Insured Municipal Debt Funds	-10.82%	-10.82%	-1.51%	0.69%	1.72%	-
Bloomberg Municipal Bond Index	-8.53%	-8.53%	-0.77%	1.25%	2.13%	-
w/ sales charge	-15.87%	-15.87%	-2.96%	0.14%	1.70%	5.62%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

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

Year	Fund Returns	Bloomberg Municipal Bond Index

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%	9.05%
2013	-6.11%	-2.55%
2012	13.75%	-
2011	11.08%	-
2010	2.20%	-
2009	24.60%	-
2008	-15.24%	-
2007	-1.44%	-
2006	4.57%	-
2005	3.69%	-
2004	3.85%	-
2003	4.65%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2023	-	-	-	-	2.34%
2022	-8.24%	-5.75%	-4.40%	4.10%	-13.93%
2021	0.25%	2.92%	-0.81%	1.26%	3.63%
2020	-3.38%	3.33%	1.56%	3.35%	4.80%
2019	3.56%	2.83%	2.05%	0.65%	9.38%
2018	-1.13%	1.18%	-0.26%	0.94%	0.72%
2017	1.87%	2.10%	1.68%	1.25%	7.07%
2016	2.14%	3.51%	-0.05%	-5.03%	0.36%
2015	1.24%	-1.22%	1.35%	1.90%	3.28%
2014	4.72%	3.50%	2.28%	1.77%	12.83%
2013	0.58%	-4.82%	-1.93%	0.00%	-6.11%
2012	4.76%	2.75%	3.78%	1.82%	13.75%
2011	-0.10%	5.03%	3.41%	2.38%	11.08%
2010	2.25%	1.57%	4.52%	-5.86%	2.20%
2009	7.21%	5.87%	11.02%	-1.11%	24.60%
2008	-1.89%	0.54%	-6.18%	-8.41%	-15.24%
2007	0.72%	-0.58%	-0.55%	-1.03%	-1.44%
2006	0.26%	-0.13%	3.19%	1.21%	4.57%
2005	0.19%	3.26%	-0.38%	0.60%	3.69%
2004	1.71%	-3.15%	3.95%	1.42%	3.85%
2003	0.92%	2.86%	-0.84%	1.66%	4.65%
2002	1.01%	3.03%	5.02%	-0.44%	8.83%
2001	1.60%	0.32%	2.88%	-0.68%	4.15%
2000	3.45%	1.13%	2.09%	5.52%	12.71%
1999	1.03%	-2.59%	-2.39%	-1.65%	-5.56%
1998	1.05%	1.82%	3.27%	0.10%	6.36%
1997	-0.49%	3.56%	3.49%	3.14%	10.02%
1996	-1.79%	0.87%	2.40%	2.49%	3.98%
1995	7.66%	1.62%	2.71%	4.76%	17.71%
1994	-6.40%	-0.27%	0.52%	-2.26%	-8.27%
1993	4.83%	3.39%	3.68%	0.60%	13.00%
1992	0.25%	4.14%	2.16%	1.95%	8.72%
1991	2.17%	2.00%	3.93%	3.88%	12.51%
1990	0.33%	2.36%	0.06%	4.35%	7.22%
1989	0.54%	5.79%	-0.24%	3.21%	9.53%
1988	3.58%	2.40%	3.21%	2.89%	12.60%
1987	2.61%	-5.00%	-3.03%	6.14%	0.36%
1986	9.43%	-0.87%	5.46%	4.96%	20.07%
1985	3.71%	8.30%	-1.48%	8.13%	19.63%
1984	-	-	5.84%	5.87%	6.19%

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

Growth of $10,000 as of 07/31/2021

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

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

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

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

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

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

Credit Quality Distribution as of 02/28/2023

Rating	Assets
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Positioning as of 12/31/2022

We continue to be very focused on bond structure, including coupon, call protection and convexity, as numerous asymmetries of risk exist, and we are positioning to fully participate when the market turns. For example, we prefer bonds with more call protection to bonds with shorter calls because we believe both call structures have similar downside, but longer call bonds have superior upside potential.

The Fund is overweight the Industrial Development, Transportation and Health Care sectors. The IDR sector is a diversified sector covering many corporate issuers and has a strong liquidity profile given its larger buyer base. Furthermore, many issuers within the sector have strong balance sheets, which we believe will help withstand any potential economic contraction. The Transportation sector has experienced a strong recovery from the pandemic, and we believe many segments within the sector will continue to benefit from elevated user volumes. Additionally, many parts of the sector are deemed essential and have received significant Federal support over the last few years, bolstering the financial position of many issuers. The Health Care sector has experienced some fundamental pressures this year due to higher costs and staffing shortages, but we continue to find opportunities in larger Hospital systems with strong credit fundamentals. The sector has proven resilient during past economic downturns and issuers have navigated changing operating environments well.

We have shortened average maturity since the start of the year, but generally remain overweight longer maturity bonds due to relative value opportunities and the upward-sloping yield curve. We feel this positioning will contribute to performance over the long term.

Given the strong credit backdrop, we are positive on credit risk and the Fund is overweight lower-rated, investment grade bonds. Additionally, while primarily invested in higher quality bonds, the Fund is modestly overweight non-investment grade bonds relative to its benchmark due to relatively attractive risk-adjusted spreads. We feel this positioning will help drive outperformance over the long term.

Portfolio Details as of 02/28/2023

Total Net Assets: $3.54 B
Number of Issues: 726
Average Coupon: 4.6%
Average Effective Maturity: 18.1 Years
Average Effective Duration: 7.88 Years
Average Yield to Worst: 4.56%

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

California Cmnty Choice Fing Auth Clean Energy Proj Revenue	5.250%	12/23/2053	1.0%
Buckeye Oh Tobacco Settlement Fing Auth	5.000%	05/23/2055	1.0%
Columbia Al Indl Dev Brd Pollcontrol Revenue	2.750%	03/01/2023	0.8%
Southeast Energy Auth Al Commodity Sply Revenue	4.000%	11/23/2051	0.7%
Kentucky St Public Energy Auth Gas Sply Revenue	4.000%	07/23/2052	0.7%
Main Street Natural Gas Inc Ga Gas Supply Revenue	4.000%	10/31/2027	0.7%
Iowa St Fin Auth Midwstrn Disaster Area Revenue	5.000%	11/23/2050	0.7%
Duluth Mn Econ Dev Auth Hlth Care Facs Revenue	5.250%	02/05/2058	0.6%
New York St Liberty Dev Corp Liberty Revenue	3.000%	09/09/2043	0.6%
New York St Transprtn Dev Corp Spl Fac Revenue	5.000%	09/24/2040	0.6%

% of Total Assets			7.4%

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 Oh Tobacco Settlement Fing Auth	5.000%	05/23/2055	0.9%
Southeast Energy Auth Al Commodity Sply Revenue	4.000%	11/23/2051	0.8%
Kentucky St Public Energy Auth Gas Sply Revenue	4.000%	07/24/2052	0.7%
Main Street Natural Gas Inc Ga Gas Supply Revenue	4.000%	10/31/2027	0.7%
New York St Liberty Dev Corp Liberty Revenue	3.000%	09/09/2043	0.7%
Duluth Mn Econ Dev Auth Hlth Care Facs Revenue	5.250%	02/05/2058	0.7%
New York St Transprtn Dev Corp Spl Fac Revenue	5.000%	09/25/2040	0.6%
Chicago Il O'Hare International Arpt Revenue	5.000%	12/25/2047	0.6%
Chicago Il	6.000%	12/27/2037	0.6%
Iowa St Fin Auth Midwstrn Disaster Area Revenue	5.000%	11/23/2050	0.6%
Colorado St Hlth Facs Auth Revenue	4.000%	11/09/2043	0.6%
Pennsylvania St Econ Dev Fing Auth T/E Private Activity Rev	6.000%	06/19/2061	0.5%
Tender Option Bond Trust Receipts / Ctfs Various States	6.377%	04/29/2032	0.5%
Black Belt Energy Gas Dist Al Gas Project Revenue	4.000%	11/22/2052	0.5%
Tennessee St Energy Acquisition Corp Gas Revenue	5.000%	04/22/2053	0.5%
Pefa Inc Ia Gas Proj Revenue	5.000%	08/24/2049	0.5%
Salt Verde Az Financial Corp Senior Gas Revenue	5.000%	11/26/2037	0.5%
Maryland St Hlth & Hgr Eductnl Facs Auth Revenue	5.500%	12/25/2045	0.5%
Foothill Estrn Transprtn Corridor Agy Ca Toll Road Revenue	4.000%	01/09/2043	0.5%
Public Fin Auth Wi Revenue	4.000%	09/22/2051	0.5%
Illinois St Fin Auth Revenue	5.000%	08/06/2052	0.4%
Centrl Plains Energy Proj Ne Gas Proj Revenue	5.000%	04/22/2053	0.4%
California St Poll Control Fing Auth Wtr Furnishing Revenue	5.000%	07/01/2023	0.4%
Iowa St Fin Auth Midwstrn Disaster Area Revenue	5.000%	11/23/2050	0.4%
Louisiana St Local Govt Envrnmntl Facs & Cmnty Dev Auth Reve	3.500%	10/28/2032	0.4%
New Jersey St Transprtn Trust Fund Auth	5.000%	06/08/2046	0.4%
Cmwlth Fing Auth Pa Tobacco Master Settlement Payment Rev	4.000%	05/27/2039	0.4%
New Jersey St Transprtn Trust Fund Auth	4.000%	06/08/2045	0.4%
Port Auth Of New York & New Jersey Ny	5.000%	01/07/2052	0.4%
Main Street Natural Gas Inc Ga Gas Supply Revenue	5.000%	05/23/2053	0.4%
North Carolina St Turnpike Auth	4.000%	12/27/2036	0.4%
Main Street Natural Gas Inc Ga Gas Supply Revenue	4.000%	08/23/2052	0.4%
Main Street Natural Gas Inc Ga Gas Supply Revenue	5.000%	11/22/2052	0.4%
New York St Dorm Auth Revenues Non St Supported Debt	5.000%	04/23/2052	0.4%
Riverside Cnty Ca Redev Agy	8.500%	09/30/2026	0.4%
Chicago Il	5.500%	12/24/2048	0.4%
Chicago Il O'Hare International Arpt Revenue	4.000%	12/26/2043	0.4%
Great Lakes Mi Wtr Auth Sewage Disposal Sys Revenue	5.500%	06/23/2052	0.4%
New York St Transprtn Dev Corp Spl Fac Revenue	5.000%	12/28/2032	0.4%
Maryland St Econ Dev Corp Priv Activity Revenue	5.250%	06/21/2055	0.4%
Trimble Cnty Ky Envrnmntl Facs Revenue	3.750%	05/31/2027	0.4%
Tender Option Bond Trust Receipts / Ctfs Various States	6.950%	06/29/2030	0.3%
New Jersey St Transprtn Trust Fund Auth	0.000%	12/12/2029	0.3%
Tender Option Bond Trust Receipts / Ctfs	6.938%	06/28/2032	0.3%
New Jersey St Econ Dev Auth Rev	5.000%	10/23/2052	0.3%
Tennessee Energy Acquisition Corp Commodity Project Revenue	5.000%	04/23/2052	0.3%
San Leandro Ca Unif Sch Dist	5.250%	07/25/2048	0.3%
Illinois St	5.500%	02/22/2047	0.3%
Black Belt Energy Gas Dist Al Gas Project Revenue	4.000%	09/22/2052	0.3%
Triborough Ny Bridge & Tunnel Auth Sales Tax Revenue	5.250%	05/07/2052	0.3%
Chandler Az Indl Dev Auth Indl Dev Revenue	5.000%	08/23/2052	0.3%
New York St Transprtn Dev Corp Spl Fac Revenue	5.250%	12/24/2049	0.3%
Louisiana Pub Facs Auth Revenue	4.000%	03/24/2050	0.3%
New York St Transprtn Dev Corp Spl Fac Revenue	4.000%	06/25/2041	0.3%
Tennessee St Energy Acquisition Corp Gas Revenue	5.625%	08/30/2026	0.3%
San Diego Cnty Ca Regl Arpt Auth Airport Revenue	5.000%	06/23/2051	0.3%
Tender Option Bond Trust Receipts / Ctfs Various States	6.800%	05/13/2030	0.3%
Black Belt Energy Gas Dist Al Gas Sply Revenue	4.000%	05/24/2051	0.3%
Maryland St Transprtn Auth Transprtn Facs Proj Revenue	5.000%	06/23/2051	0.3%
New York City Ny Indl Dev Agy Arpt Facs Revenue	5.000%	06/29/2028	0.3%
Salt Lake City Ut Arpt Revenue	5.000%	06/27/2036	0.3%
Pennsylvania St	4.000%	09/12/2030	0.3%
National Fin Auth Nh Muni Ctfs	4.000%	10/15/2036	0.3%
Baltimore Md Proj Revenue	5.000%	06/24/2046	0.3%
Pennsylvania St Econ Dev Fing Auth T/E Private Activity Rev	5.250%	06/21/2053	0.3%
Connecticut St	3.000%	01/10/2038	0.3%
New Mexico St Muni Energy Acquisition Auth Gas Sply	5.000%	10/27/2039	0.3%
Miami-Dade Cnty Fl Aviation Revenue	5.000%	09/27/2034	0.3%
Chicago Il Transit Auth Sales Tax Recpts Revenue	5.250%	11/23/2049	0.3%
Long Beach Ca Bond Fin Auth Natural Gas Purchase Revenue	5.500%	11/10/2037	0.3%
Matagorda Cnty Tx Nav Dist #1	2.600%	10/29/2029	0.3%
Colorado Springs Co Utilities Revenue	4.000%	11/08/2046	0.3%
Connecticut St Hlth & Eductnl Facs Auth Revenue	4.000%	06/25/2041	0.3%
Philadelphia Pa	5.000%	07/28/2036	0.3%
Los Angeles Ca Dept Of Arpts Arpt Revenue	5.000%	05/10/2039	0.3%
Met Transprtn Auth Ny Revenue	5.250%	11/08/2044	0.3%
Tobacco Settlement Fing Corp Nj	5.250%	05/25/2046	0.3%
Foothill Estrn Transprtn Corridor Agy Ca Toll Road Revenue	4.000%	01/08/2046	0.3%
Louisiana St Local Govt Envrnmntl Facs & Cmnty Dev Auth Reve	2.500%	03/28/2036	0.3%
Pennsylvania St Turnpike Commission Turnpike Revenue	5.000%	05/29/2029	0.3%
Chicago Il O'Hare International Arpt Revenue	5.000%	12/24/2051	0.3%
Illinois St	5.500%	06/27/2033	0.3%
Chicago Il	4.000%	12/29/2031	0.3%
Hudson Yards Infrastructure Corp Ny 2nd Indenture Revenue	4.000%	02/09/2044	0.3%
California Hsg Fin Agy Muni Ctfs	4.000%	03/16/2033	0.3%
Public Fin Auth Wi Hlthcare Sys Revenue	5.000%	09/22/2052	0.3%
Washington St Convention Center Public Facs Dist	4.000%	06/28/2031	0.3%
Cuyahoga Cnty Oh Hosp Revenue	5.500%	02/07/2052	0.3%
Sumter Cnty Al Indl Dev Auth Exempt Facs Revenue	6.000%	07/07/2052	0.3%
Miami-Dade Cnty Fl Seaport Revenue	4.000%	09/23/2049	0.3%
Illinois St	5.500%	04/26/2039	0.3%
Hillsborough Cnty Fl Indl Devauth Hosp Revenue	4.000%	07/25/2045	0.2%
Long Beach Ca Bond Fin Auth Natural Gas Purchase Revenue	4.536%	11/14/2027	0.2%
New Jersey St Econ Dev Auth	5.500%	08/29/2029	0.2%
Triborough Ny Bridge & Tunnel Auth Sales Tax Revenue	5.250%	05/04/2062	0.2%
New York City Ny Transitional Fin Auth Revenue	5.500%	10/25/2045	0.2%
Onondaga Cnty Ny Trust Cultural Resource Revenue	5.000%	11/25/2043	0.2%
Tobacco Securitization Auth Sthrn Ca Tobacco Settlement Reve	5.000%	05/25/2048	0.2%
Univ Of Connecticut Ct Revenue	5.250%	11/08/2047	0.2%
Black Belt Energy Gas Dist Al Gas Project Revenue	5.000%	04/22/2053	0.2%
Main Street Natural Gas Inc Ga Gas Supply Revenue	4.000%	04/23/2052	0.2%
Washington Cnty Or Sch Dist #48j Beaverton	5.000%	06/11/2036	0.2%
New York St Transprtn Dev Corp Spl Fac Revenue	4.000%	09/28/2030	0.2%
Chicago Il Brd Of Edu	4.000%	11/24/2047	0.2%
South Carolina St Jobs-Econ Dev Auth Hosp Facs Revenue	5.000%	11/24/2046	0.2%
Omaha Ne Public Pwr Dist Elec Revenue	4.000%	01/25/2046	0.2%
San Antonio Tx Arpt Sys Revenue	5.000%	06/30/2025	0.2%
Oklahoma St Dev Fin Auth Hlthsys Revenue	5.500%	08/06/2052	0.2%
New York City Ny Muni Wtr Fin Auth Wtr & Swr Sys Revenue	3.500%	06/08/2048	0.2%
California St Muni Fin Auth Revenue	4.000%	12/24/2047	0.2%
Jefferson Cnty Al Swr Revenue Warrants	6.500%	09/22/2053	0.2%
Sacramento Cnty Ca Arpt Sys Revenue	5.000%	06/25/2041	0.2%
New Jersey St Transprtn Trust Fund Auth	0.000%	12/12/2028	0.2%
California St	5.250%	07/29/2032	0.2%
Connecticut St Hlth & Eductnl Facs Auth Revenue	4.000%	06/23/2049	0.2%
Clifton Tx Hgr Edu Fin Corp Edu Revenue	6.125%	08/07/2048	0.2%
Arizona St Indl Dev Auth Revenue	3.625%	05/16/2033	0.2%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	4.750%	06/22/2053	0.2%
Denver City & Cnty Co Arpt Revenue	5.250%	11/09/2043	0.2%
New York St Dorm Auth Revenues Non St Supported Debt	5.000%	07/07/2050	0.2%
Texas St Wtr Dev Brd	4.000%	10/10/2037	0.2%
Black Belt Energy Gas Dist Al Gas Project Revenue	5.250%	01/23/2053	0.2%
Montgomery Cnty Oh Hosp Revenue	4.000%	11/09/2042	0.2%
Met Pier & Exposition Auth Il Dedicated St Tax Revenue	0.000%	12/12/2030	0.2%
Saint Louis Mo Arpt Revenue	5.000%	06/24/2047	0.2%
Saint John The Baptist Parish La Revenue	2.100%	05/27/2037	0.2%
Met Pier & Exposition Auth Il Dedicated St Tax Revenue	0.000%	12/10/2037	0.2%
New York St Urban Dev Corp Revenue	3.000%	03/08/2048	0.2%
Connecticut St Spl Tax Oblig Revenue	5.000%	12/27/2036	0.2%
New Jersey St Econ Dev Auth Revenue	5.625%	12/24/2051	0.2%
New Jersey St	4.000%	05/29/2031	0.2%
New York Ny	5.250%	08/26/2043	0.2%
Connecticut St	3.000%	01/11/2034	0.2%
Indianapolis In Local Public Impt Bond Bank	5.000%	02/01/2024	0.2%
Montebello Ca Unif Sch Dist	5.500%	07/25/2047	0.2%
California St Muni Fin Auth Revenue	5.000%	01/25/2047	0.2%
Tobacco Settlement Fing Corp Va	5.000%	05/25/2047	0.2%
Univ Of North Carolina Wilmington Ltd Oblig	5.000%	05/31/2025	0.2%
Berks Cnty Pa Muni Auth	5.000%	10/25/2044	0.2%
Illinois St	4.000%	09/26/2039	0.2%
Maryland St Hlth & Hgr Eductnl Facs Auth Revenue	5.000%	06/30/2027	0.2%
Black Belt Energy Gas Dist Al Gas Project Revenue	5.500%	10/23/2053	0.2%
Port Auth Of New York & New Jersey Ny	5.000%	11/09/2041	0.2%
Virginia St Small Business Fing Auth Revenue	5.000%	06/27/2036	0.2%
Met Nashville Tn Arpt Auth Arpt Revenue	5.500%	06/23/2052	0.2%
Triborough Ny Bridge & Tunnel Auth Payroll Mobility Tax	5.000%	05/07/2051	0.2%
Philadelphia Pa Wtr & Wstwtr Revenue	5.250%	09/22/2052	0.2%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	5.000%	06/21/2058	0.2%
San Francisco Calif City &Cnty Arpts Commn Intl Arpt Rev	5.250%	04/27/2033	0.2%
Los Angeles Cnty Ca Public Wks Fing Auth Lease Revenue	5.000%	11/24/2045	0.2%
California Stwd Cmntys Dev Auth Revenue	5.500%	11/22/2054	0.2%
National Fin Auth Nh Muni Ctfs	4.125%	01/16/2034	0.2%
Virginia St Small Business Fing Auth Revenue	5.000%	12/29/2031	0.2%
Montgomery Cnty Oh Hosp Revenue	4.000%	07/24/2051	0.2%
S W Oh Local Sch Dist Hamilton Cnty	4.000%	01/07/2055	0.2%
California Hsg Fin Agy Muni Ctfs	3.250%	08/15/2036	0.2%
New York Ny	5.000%	07/30/2027	0.2%
California St Hlth Facs Fing Auth Revenue	4.000%	11/08/2045	0.2%
Hillsborough Cnty Fl Cap Impt Non-Ad Valorem Revenue	3.250%	07/25/2048	0.2%
Illinois St	5.500%	09/26/2039	0.2%
Kentucky Bond Dev Corp	4.000%	08/24/2048	0.2%
Richland Cnty Sc Envrnmntl Impt Revenue	3.875%	04/01/2023	0.2%
Reno Nv Capital Impt Revenue	4.000%	05/25/2046	0.2%
Tender Option Bond Trust Receipts / Ctfs Various States	6.467%	06/29/2031	0.2%
Maricopa Cnty Az Poll Controlcorp Poll Control Revenue	2.400%	05/28/2035	0.2%
Maryland St Transprtn Auth Passenger Fac Charge	3.000%	05/28/2036	0.2%
Tennergy Corp Tn Gas Revenue	5.500%	09/22/2053	0.2%
Nebraska Eductnl Hlth Cultural Social Svcs Fin Auth Revenue	4.000%	12/24/2048	0.2%
Michigan St Bldg Auth Revenue	4.000%	04/06/2054	0.2%
Illinois St	5.000%	12/28/2034	0.2%
Chicago Il	5.000%	12/30/2025	0.2%
Miami-Dade Cnty Fl Aviation Revenue	5.000%	09/24/2044	0.2%
Hawaii St Dept Of Budget & Fin Spl Purpose Revenue	3.200%	06/26/2039	0.2%
Golden St Tobacco Securitization Corp Ca Tobacco Settlement	0.000%	05/20/2066	0.2%
Gainesville & Hall Cnty Ga Hosp Auth	5.000%	02/12/2032	0.2%
New Jersey St Econ Dev Auth	5.000%	06/08/2047	0.2%
Palomar Hlth Ca Revenue	5.000%	10/27/2036	0.2%
Foothill Estrn Transprtn Corridor Agy Ca Toll Road Revenue	3.500%	01/06/2053	0.2%
California St Hlth Facs Fing Auth Revenue	3.000%	08/07/2051	0.2%
Hawaii St Dept Of Budget & Fin Spl Purpose Revenue	3.100%	04/29/2026	0.2%
Illinois St Fin Auth Edu Revenue	6.125%	09/01/2023	0.2%
Gtr Orlando Fl Aviation Auth Arpt Facs Revenue	4.000%	09/23/2049	0.2%
Priv Clgs & Univs Auth Ga	4.000%	03/26/2044	0.2%
Black Belt Energy Gas Dist Al Gas Sply Revenue	4.000%	06/23/2052	0.2%
Jefferson Cnty Al Swr Revenue Warrants	0.000%	09/24/2046	0.2%
Met Govt Nashville & Davidsoncnty Tn Hlth & Eductnl Fac Brd	5.250%	09/21/2058	0.2%
New York St Transprtn Dev Corp Spl Fac Revenue	5.000%	11/26/2039	0.2%
Carroll Cnty Ky Envrnmntl Facs Revenue	2.125%	09/27/2034	0.2%
Illinois St	5.500%	04/28/2030	0.2%
New York City Ny Muni Wtr Fin Auth Wtr & Swr Sys Revenue	4.000%	06/07/2051	0.2%
New York St Urban Dev Corp Revenue	3.000%	03/07/2050	0.2%
Texas St Transprtn Commission Central Tx Turnpike Sys Revenu	5.000%	08/11/2033	0.2%
Los Angeles Ca Dept Of Arpts Arpt Revenue	5.000%	05/11/2033	0.2%
Michigan St Fin Auth Revenue	4.000%	11/23/2049	0.2%
Montana St Fac Fin Auth Hlth Care Facs Revenue	5.000%	06/24/2048	0.2%
Baltimore Md Proj Revenue	4.000%	06/23/2049	0.2%
Illinois St	5.500%	02/23/2042	0.2%
New Jersey St Econ Dev Auth Rev	5.000%	10/25/2044	0.2%
New York City Ny Transitional Fin Auth Revenue	4.000%	10/26/2042	0.2%
Philadelphia Pa Sch Dist	4.000%	08/27/2039	0.2%
New York St Dorm Auth St Personal Income Tax Revenue	4.000%	03/08/2047	0.2%
Compton Ca Wtr Revenue	6.000%	07/27/2039	0.2%
Palomar Hlth Ca Revenue	5.000%	10/27/2039	0.2%
Maryland St Econ Dev Corp Student Hsg Revenue	6.000%	06/21/2058	0.2%
Minneapolis Mn Hlth Care Sys Revenue	5.000%	11/07/2049	0.2%
Roanoke Va Econ Dev Auth Hosprevenue	3.000%	06/24/2045	0.2%
New Jersey St Eductnl Facs Auth Revenue	4.000%	08/29/2029	0.2%
Federal Home Loan Mtge Corp Va Mf Variable Rate Ctfs	4.600%	06/01/2024	0.2%
Illinois St	5.000%	02/25/2033	0.2%
Michigan St Fin Auth Revenue	5.000%	05/24/2049	0.2%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	4.329%	06/26/2040	0.2%
San Francisco Ca Bay Area Rapid Transit Dist Sales Tax Rev	3.000%	06/25/2044	0.2%
San Francisco Calif City &Cnty Arpts Commn Intl Arpt Rev	5.000%	04/23/2052	0.2%
Tuscaloosa Al City Brd Of Edu Sch Tax Warrants	5.000%	07/25/2046	0.2%
Arkansas St Dev Fin Auth Indl Dev Revenue	4.500%	08/24/2049	0.2%
California Hsg Fin Agy Muni Ctfs	3.500%	11/16/2035	0.2%
National Fin Auth Nh Muni Ctfs	4.375%	09/15/2036	0.2%
New York St Transprtn Dev Corp Exempt Fac Revenue	4.000%	10/25/2041	0.2%
Southeast Energy Auth Al Commodity Sply Revenue	5.500%	12/23/2052	0.2%
Louisiana Pub Facs Auth Revenue	5.000%	03/25/2045	0.2%
Met Pier & Exposition Auth Il Dedicated St Tax Revenue	0.000%	12/10/2036	0.2%
Tender Option Bond Trust Receipts / Ctfs	6.397%	06/28/2032	0.2%
Cuyahoga Cnty Oh Hosp Revenue	5.500%	02/05/2057	0.2%
Dist Of Columbia Wtr & Swr Auth Public Utility Revenue	4.000%	09/24/2047	0.2%
Indiana St Fin Auth Revenue	5.250%	01/29/2032	0.2%
Jefferson Cnty Al Swr Revenue Warrants	6.000%	09/25/2042	0.2%
Appling Cnty Ga Dev Auth	1.550%	02/01/2023	0.2%
Illinois St	5.500%	06/26/2038	0.2%
Kentucky St Muni Pwr Agy Pwr Sys Revenue	5.000%	08/31/2026	0.2%
Kentucky St Muni Pwr Agy Pwr Sys Revenue	5.000%	08/31/2026	0.1%
Ohio St Univ	4.000%	11/23/2048	0.1%
Salt Lake City Ut Arpt Revenue	5.000%	06/27/2034	0.1%
Lee Memorial Hlth Sys Fl Hosp Revenue	4.000%	03/24/2049	0.1%
Massachusetts St Dev Fin Agy Revenue	5.000%	06/27/2035	0.1%
Miami-Dade Cnty Fl Eductnl Facs Auth Revenue	5.000%	03/23/2053	0.1%
Mission Tx Econ Dev Corp Revenue	4.625%	09/28/2031	0.1%
New Jersey St Transprtn Trust Fund Auth	5.000%	06/08/2045	0.1%
Puerto Rico Cmwlth	5.375%	06/29/2025	0.1%
Maryland St Econ Dev Corp Air Cargo Revenue	4.000%	06/27/2039	0.1%
Massachusetts St Port Auth	4.000%	06/24/2046	0.1%
N Tx Tollway Auth Revenue	5.000%	12/25/2047	0.1%
Public Fin Auth Wi Arpt Facs Revenue	5.000%	06/25/2042	0.1%
Sthrn Ca Public Pwr Auth Natural Gas Proj Revenue	5.000%	10/28/2033	0.1%
Duluth Mn Econ Dev Auth Hlth Care Facs Revenue	5.000%	02/06/2053	0.1%
Massachusetts St Eductnl Fing Auth	4.125%	06/24/2046	0.1%
Met Nashville Tn Arpt Auth Arpt Revenue	5.000%	06/23/2049	0.1%
New Jersey St Econ Dev Auth Revenue	5.000%	06/09/2041	0.1%
New Jersey St Transprtn Trust Fund Auth	5.000%	06/11/2033	0.1%
Port Of Portland Or Arpt Revenue	5.000%	06/23/2049	0.1%
South Carolina St Ports Auth Ports Revenue	5.000%	06/25/2044	0.1%
Tsasc Inc Ny	5.000%	05/25/2048	0.1%
California St	4.000%	08/27/2037	0.1%
California St Eductnl Facs Auth Revenue	5.000%	03/25/2045	0.1%
California St Muni Fin Auth Revenue	5.000%	12/26/2038	0.1%
Duluth Mn Econ Dev Auth Hlth Care Facs Revenue	5.250%	06/07/2052	0.1%
Michigan St Hsg Dev Auth Rental Hsg Revenue	3.600%	09/20/2060	0.1%
National Fin Auth Nh Pollution Control Revenue	4.000%	11/29/2028	0.1%
Canaveral Fl Port Auth	5.000%	05/31/2028	0.1%
Forney Tx Indep Sch Dist	3.000%	02/09/2045	0.1%
Centrl Fl Expressway Auth Sr Lien Revenue	4.000%	06/27/2035	0.1%
Hawaii St Arpts Sys Revenue	5.000%	06/25/2041	0.1%
Minnesota Muni Gas Agy Commodity Sply Revenue	4.000%	11/22/2052	0.1%
New Jersey St Econ Dev Auth Revenue	5.000%	06/09/2042	0.1%
New York St Dorm Auth Revenues Non St Supported Debt	5.000%	06/26/2040	0.1%
Chicago Il	5.500%	12/26/2041	0.1%
Massachusetts St Dev Fin Agy Revenue	5.000%	11/01/2023	0.1%
Muni Elec Auth Of Georgia	5.000%	12/25/2047	0.1%
Inland Vly Ca Dev Agy Successor Agy Tax Allocation	5.250%	08/27/2037	0.1%
King Cnty Wa Public Hosp Dist #4	5.000%	11/26/2038	0.1%
New York St Urban Dev Corp Revenue	4.000%	03/09/2042	0.1%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	4.329%	06/26/2040	0.1%
Univ Of Illinois Il Revenues	4.000%	03/31/2028	0.1%
Iowa St Fin Auth Midwstrn Disaster Area Revenue	4.750%	07/26/2042	0.1%
New York St Dorm Auth St Personal Income Tax Revenue	4.000%	03/07/2049	0.1%
Tobacco Settlement Fing Corp Nj	5.000%	05/29/2031	0.1%
Philadelphia Pa Wtr & Wstwtr Revenue	5.000%	09/24/2046	0.1%
Baltimore Md Proj Revenue	5.000%	06/26/2039	0.1%
Canaveral Fl Port Auth	5.000%	05/31/2028	0.1%
Chicago Il Wtrwks Revenue	5.000%	10/29/2029	0.1%
Los Angeles Ca Dept Of Arpts Arpt Revenue	4.000%	05/07/2049	0.1%
Martin Cnty Fl Hlth Facs Auth	4.000%	12/25/2045	0.1%
New York St Pwr Auth Revenue	4.000%	11/07/2050	0.1%
Savannah Ga Hosp Auth	4.000%	06/25/2043	0.1%
Ohio St Air Quality Dev Auth	2.100%	06/29/2028	0.1%
San Diego Cnty Ca Regl Arpt Auth Airport Revenue	5.000%	06/25/2044	0.1%
Centrl Tx Regl Mobility Auth Revenue	5.000%	12/25/2044	0.1%
Met Washington Dc Arpts Auth Arpt Sys Revenue	5.000%	09/27/2035	0.1%
Main Street Natural Gas Inc Ga Gas Supply Revenue	5.000%	05/13/2027	0.1%
Vermont St Eductnl & Hlth Bldgs Fing Agy Revenue	5.000%	11/27/2035	0.1%
Foothill Estrn Transprtn Corridor Agy Ca Toll Road Revenue	3.950%	01/06/2053	0.1%
Illinois St	5.000%	04/26/2038	0.1%
Maricopa Cnty Az Poll Controlcorp Poll Control Revenue	3.600%	01/27/2040	0.1%
Ohio St Air Quality Dev Auth	4.000%	08/29/2030	0.1%
Reno Nv Capital Impt Revenue	4.000%	05/26/2043	0.1%
New Jersey St Econ Dev Auth	5.000%	06/09/2043	0.1%
San Francisco Ca Bay Area Rapid Transit Dist	3.000%	07/26/2042	0.1%
California Stwd Cmntys Dev Auth Revenue	5.250%	11/25/2043	0.1%
National Fin Auth Nh Revenue	4.875%	10/26/2042	0.1%
Connecticut St Spl Tax Oblig Revenue	5.000%	12/27/2037	0.1%
Iowa St Fin Auth Midwstrn Disaster Area Revenue	4.000%	11/23/2050	0.1%
Miami-Dade Cnty Fl Aviation Revenue	5.000%	09/28/2028	0.1%
Vermont St Eductnl & Hlth Bldgs Fing Agy Revenue	4.000%	10/24/2050	0.1%
Virginia St Small Business Fing Auth Revenue	4.000%	12/27/2039	0.1%
New York City Ny Transitional Fin Auth Revenue	4.000%	01/26/2041	0.1%
Niagara Ny Area Dev Corp Solid Waste Disp Fac Revenue	4.750%	10/26/2042	0.1%
Philadelphia Pa Arpt Revenue	5.000%	06/25/2042	0.1%
New Jersey St Transprtn Trust Fund Auth	5.000%	12/11/2035	0.1%
California Stwd Cmntys Dev Auth Revenue	4.000%	06/24/2048	0.1%
Chicago Il	4.000%	12/28/2034	0.1%
Luzerne Cnty Pa	5.000%	11/12/2029	0.1%
Met Pier & Exposition Auth Il Revenue	5.500%	06/06/2053	0.1%
Savannah Ga Hosp Auth	4.000%	06/26/2039	0.1%
Pennsylvania St	4.000%	02/24/2037	0.1%
Puerto Rico Cmwlth	4.000%	06/26/2037	0.1%
Puerto Rico Cmwlth Aqueduct &Swr Auth Revenue	4.000%	06/25/2042	0.1%
Hawaii St Arpts Sys Revenue	4.000%	06/27/2035	0.1%
Met Transprtn Auth Ny Revenue	5.000%	11/11/2035	0.1%
New York St Dorm Auth Revenues Non St Supported Debt	4.000%	07/27/2038	0.1%
Virginia St Small Business Fing Auth Revenue	4.000%	12/27/2037	0.1%
New York St Transprtn Dev Corp Spl Fac Revenue	5.000%	12/28/2033	0.1%
San Diego Cnty Ca Regl Arpt Auth Airport Revenue	4.000%	06/24/2046	0.1%
Orange Cnty Fl Hlth Facs Auth Revenue	5.000%	09/22/2053	0.1%
Pennsylvania St Econ Dev Fing Auth Solid Waste Disposal Rev	3.250%	07/27/2039	0.1%
Miami-Dade Cnty Fl Seaport Revenue	5.250%	09/22/2052	0.1%
Build Nyc Resource Corp Ny Revenue	5.250%	06/23/2052	0.1%
Ohio St Air Quality Dev Auth Exempt Facs Revenue	5.000%	06/23/2049	0.1%
Omaha Ne Public Pwr Dist Separate Elec Revenue	5.250%	01/26/2042	0.1%
San Francisco Calif City &Cnty Arpts Commn Intl Arpt Rev	5.250%	04/25/2042	0.1%
Genesee Cnty Ny Funding Corp	5.250%	11/22/2052	0.1%
Michigan St Hosp Fin Auth	5.000%	11/08/2047	0.1%
Puerto Rico Cmwlth	4.000%	06/24/2046	0.1%
Los Angeles Ca Unif Sch Dist	4.000%	06/28/2032	0.1%
Massachusetts St	3.000%	01/25/2048	0.1%
New York Ny	3.000%	02/22/2051	0.1%
Pennsylvania St Econ Dev Fing Auth Upmc Revenue	3.000%	10/10/2038	0.1%
Atlanta Ga Arpt Passenger Fac Charge Revenue	5.000%	12/29/2030	0.1%
Montana St Fac Fin Auth Hlth Care Facs Revenue	5.000%	06/25/2043	0.1%
New York St Dorm Auth Revenues Non St Supported Debt	3.000%	06/24/2045	0.1%
Washington St Hlth Care Facs Auth	5.000%	06/30/2024	0.1%
California St	5.000%	07/27/2038	0.1%
Denver City & Cnty Co Arpt Revenue	4.000%	11/23/2048	0.1%
Greenville Sc Hosp Sys Brd Hosp Facs Revenue	5.000%	04/27/2034	0.1%
Puerto Rico Cmwlth Highway & Transprtn Auth Restructured Tol	5.000%	06/20/2062	0.1%
Main Street Natural Gas Inc Ga Gas Supply Revenue	5.000%	05/10/2038	0.1%
Massachusetts St Dev Fin Agy Revenue	4.000%	06/25/2041	0.1%
Massachusetts St Dev Fin Agy Revenue	5.000%	06/28/2032	0.1%
Met Pier & Exposition Auth Il Revenue	4.000%	06/07/2050	0.1%
Oklahoma St Dev Fin Auth Hlthsys Revenue	4.000%	08/07/2048	0.1%
Salt Verde Az Financial Corp Senior Gas Revenue	5.250%	11/29/2027	0.1%
Lower Colorado River Tx Auth Transmission Contract Revenue	5.000%	05/07/2051	0.1%
Maricopa Cnty Az Poll Controlcorp Poll Control Revenue	3.600%	03/27/2040	0.1%
New York St Dorm Auth St Personal Income Tax Revenue	3.000%	03/07/2050	0.1%
Alameda Ca Corridor Transprtn Auth Revenue	5.000%	09/30/2026	0.1%
Jefferson Cnty Al Swr Revenue Warrants	0.000%	09/29/2027	0.1%
Union Cnty Nj Utilities Auth Resource Recovery Fac Lease Rev	4.750%	11/28/2031	0.1%
Cook Cnty Il Sales Tax Revenue	4.000%	11/11/2034	0.1%
Connecticut St Spl Tax Oblig Revenue	5.000%	07/28/2034	0.1%
E-470 Co Public Highway Auth	0.000%	08/27/2037	0.1%
New Jersey St Transprtn Trust Fund Auth	5.000%	06/11/2035	0.1%
Port Auth Of New York & New Jersey Ny	5.250%	10/06/2055	0.1%
Berks Cnty Pa Indl Dev Auth Hlth Sys Revenue	5.000%	10/27/2036	0.1%
New York St Dorm Auth Revenues Non St Supported Debt	5.000%	07/09/2042	0.1%
Gainesville & Hall Cnty Ga Hosp Auth	5.000%	02/12/2030	0.1%
Montgomery Cnty Pa Hgr Edu & Hlth Auth	4.000%	08/24/2049	0.1%
New Jersey St Transprtn Trust Fund Auth	5.000%	12/10/2036	0.1%
Jefferson Cnty Al Swr Revenue Warrants	5.500%	09/22/2053	0.1%
W Pace Al Cooperative Dist Revenue	0.000%	04/27/2039	0.1%
Iowa St Hgr Edu Loan Auth	5.000%	09/29/2030	0.1%
Tobacco Securitization Auth Sthrn Ca Tobacco Settlement Reve	5.000%	05/25/2048	0.1%
Illinois St	5.000%	12/26/2040	0.1%
Michigan St Fin Auth Revenue	4.000%	05/24/2049	0.1%
New Jersey St Econ Dev Auth Revenue	6.000%	10/01/2023	0.1%
Illinois St Sports Facs Auth	5.000%	06/13/2027	0.1%
Los Angeles Ca Dept Of Arpts Arpt Revenue	4.000%	05/09/2041	0.1%
Chicago Il Wtrwks Revenue	5.000%	10/27/2039	0.1%
Philadelphia Pa	5.000%	07/27/2037	0.1%
Philadelphia Pa Wtr & Wstwtr Revenue	5.000%	06/28/2030	0.1%
Saint James Parish La Revenue	6.350%	06/26/2040	0.1%
Saint James Parish La Revenue	6.100%	11/25/2040	0.1%
Chicago Il O'Hare International Arpt Spl Fac Revenue	5.000%	06/24/2048	0.1%
Foothill Estrn Transprtn Corridor Agy Ca Toll Road Revenue	0.000%	01/11/2033	0.1%
Fort Bend Cnty Tx Indl Dev Corp	4.750%	05/01/2023	0.1%
Nebraska Eductnl Hlth Cultural Social Svcs Fin Auth Revenue	4.000%	12/26/2043	0.1%
New York City Ny Indl Dev Agy Revenue	3.000%	12/25/2045	0.1%
Connecticut St Arpt Auth Customer Fac Charge Revenue	5.000%	06/23/2049	0.1%
Pennsylvania St Turnpike Commission Turnpike Revenue	4.000%	11/26/2038	0.1%
Salem Cnty Nj Poll Control Fing Auth	5.000%	12/01/2023	0.1%
California Stwd Cmntys Dev Auth Revenue	5.500%	11/21/2058	0.1%
Maryland St Hlth & Hgr Eductnl Facs Auth Revenue	5.000%	12/30/2031	0.1%
New York St Transprtn Dev Corp Spl Fac Revenue	5.000%	12/29/2029	0.1%
Casino Reinvestment Dev Auth Nj Luxury Tax Revenue	5.250%	10/27/2039	0.1%
Cscda Cmnty Impt Auth Ca Essential Hsg Revenue	3.125%	07/23/2056	0.1%
Met Washington Dc Arpts Auth Arpt Sys Revenue	5.000%	09/29/2027	0.1%
New Jersey St Transprtn Trust Fund Auth	0.000%	12/10/2038	0.1%
Tsasc Inc Ny	5.000%	06/01/2023	0.1%
Massachusetts St Port Auth	5.000%	06/24/2045	0.1%
Michigan St Fin Auth Revenue	4.000%	10/24/2048	0.1%
New York St Transprtn Dev Corp Spl Fac Revenue	5.000%	11/25/2042	0.1%
Port Beaumont Tx Nav Dist Dock& Wharf Fac Revenue	3.000%	12/24/2049	0.1%
Main Street Natural Gas Inc Ga Gas Supply Revenue	5.000%	05/09/2043	0.1%
Allentown Pa Neighborhood Imptzone Dev Auth Tax Rev	5.250%	04/25/2042	0.1%
New York St Dorm Auth Revenues Non St Supported Debt	5.000%	07/30/2028	0.1%
Berks Cnty Pa Indl Dev Auth Hlth Sys Revenue	4.000%	10/27/2038	0.1%
Indiana Fin Auth Midwestern Disaster Relief Revenue	3.000%	10/30/2030	0.1%
San Antonio Tx Wtr Revenue	5.000%	05/07/2050	0.1%
Virginia St Small Business Fing Auth Revenue	5.000%	12/28/2032	0.1%
Connecticut St Spl Tax Oblig Revenue	4.000%	04/26/2039	0.1%
New Jersey St Transprtn Trust Fund Auth	5.000%	06/12/2030	0.1%
New York St Dorm Auth Revenues Non St Supported Debt	4.000%	06/24/2047	0.1%
New York St Transprtn Dev Corp Spl Fac Revenue	4.000%	12/28/2035	0.1%
Tuscaloosa Cnty Al Indl Dev Auth Gulf Opportunity Zone	4.500%	04/28/2032	0.1%
Allegheny Cnty Pa Hosp Dev Auth	4.000%	03/27/2037	0.1%
Chicago Il	5.000%	12/29/2028	0.1%
Chicago Il Wtrwks Revenue	5.000%	10/27/2036	0.1%
Colorado St Hlth Facs Auth Revenue	5.000%	07/26/2044	0.1%
Main Street Natural Gas Inc Ga Gas Supply Revenue	5.000%	05/10/2037	0.1%
New York St Dorm Auth Revenues Non St Supported Debt	4.000%	06/23/2052	0.1%
Minneapolis-Saint Paul Mn Met Arpts Commission Arpt Revenue	5.000%	12/25/2046	0.1%
Puerto Rico Cmwlth Highway & Transprtn Auth Restructured Tol	0.000%	06/28/2032	0.1%
Connecticut St Arpt Auth Customer Fac Charge Revenue	4.000%	06/23/2049	0.1%
E-470 Co Public Highway Auth	0.000%	08/28/2032	0.1%
New York Ny	5.500%	04/24/2046	0.1%
Philadelphia Pa Hosps & Hgr Edu Facs Auth	5.000%	06/27/2033	0.1%
Antelope Vly Ca Hlthcare Dist	5.000%	02/23/2041	0.1%
Lower Colorado River Tx Auth Transmission Contract Revenue	5.000%	05/10/2040	0.1%
New York City Ny Transitional Fin Auth Revenue	4.000%	04/26/2037	0.1%
California St	5.000%	03/29/2032	0.1%
Duluth Mn Econ Dev Auth Hlth Care Facs Revenue	5.250%	02/06/2053	0.1%
Eagle Cnty Co Arpt Terminal Corp	5.000%	04/30/2027	0.1%
Kansas City Mo Indl Dev Auth Arpt Spl Oblig	4.000%	02/26/2036	0.1%
New York St Urban Dev Corp Revenue	3.000%	03/08/2047	0.1%
Phenix City Al Indl Dev Brd Envrnmntl Impt Revenue	3.625%	05/13/2030	0.1%
Wayne Cnty Mi Arpt Auth Revenue	5.000%	11/24/2046	0.1%
Iowa St Hgr Edu Loan Auth	5.000%	09/29/2030	0.1%
New Jersey St Transprtn Trust Fund Auth	5.000%	06/11/2034	0.1%
Met Transprtn Auth Ny Revenue	5.000%	11/08/2045	0.1%
Phenix City Al Indl Dev Brd Envrnmntl Impt Revenue	4.125%	05/15/2023	0.1%
Illinois St Fin Auth Revenue	4.000%	08/27/2039	0.1%
Iowa St Hgr Edu Loan Auth	5.000%	09/29/2030	0.1%
Texas St Priv Activity Bond Surface Transprtn Corp Revenue	4.000%	06/25/2037	0.1%
Love Field Tx Arpt Modernization Corp Spl Facs Revenue	5.000%	10/29/2028	0.1%
New York St Envrnmntl Facs Corp Sol Wst Disp Revenue	3.125%	05/31/2026	0.1%
Illinois St	5.750%	04/24/2045	0.1%
Lower Al Gas Dist Gas Proj Revenue	5.000%	08/29/2031	0.1%
Niagara Ny Frontier Transprtn Auth	5.000%	04/01/2024	0.1%
Saint Louis Mo Muni Fin Corp	5.000%	09/23/2049	0.1%
Triborough Ny Bridge & Tunnel Auth Sales Tax Revenue	5.250%	05/05/2057	0.1%
Atlanta Ga Urban Redev Agy Revenue	3.875%	06/24/2051	0.1%
California St Poll Control Fing Auth Wtr Furnishing Revenue	5.000%	12/30/2028	0.1%
Chicago Il	5.500%	12/27/2036	0.1%
Illinois St Fin Auth Revenue	4.000%	08/27/2037	0.1%
River Islands Ca Public Fing Auth Spl Tax	5.250%	08/23/2052	0.1%
Sthrn Ca Public Pwr Auth Natural Gas Proj Revenue	3.039%	10/28/2038	0.1%
West Virginia St Econ Dev Auth Sol Wst Disp Facs	3.000%	06/17/2027	0.1%
Black Belt Energy Gas Dist Al Gas Project Revenue	4.000%	09/22/2052	0.1%
Camden Cnty Nj Impt Auth Sch Revenue	6.000%	06/04/2062	0.1%
Massachusetts St Dev Fin Agy Revenue	5.000%	06/26/2039	0.1%
Puerto Rico Elec Pwr Auth Pwr Revenue	0.000%	06/29/2031	0.1%
Saint James Parish La Revenue	6.350%	09/25/2040	0.1%
Saint Louis Mo Muni Fin Corp	5.000%	09/24/2045	0.1%
Texas St Transprtn Commission St Highway 249 Sys Toll Rev	5.000%	07/22/2057	0.1%
Antelope Vly Ca Hlthcare Dist	5.000%	02/22/2046	0.1%
Chicago Il Wtrwks Revenue	5.000%	10/27/2037	0.1%
Public Fin Auth Wi Limited Oblig Pilot Revenue	6.500%	11/26/2037	0.1%
Wilkes-Barre Pa Area Sch Dist	5.000%	04/05/2059	0.1%
California St Poll Control Fin Auth Sol Wst Disp Revenue	4.300%	06/26/2040	0.1%
Met Washington Dc Arpts Auth Dulles Toll Road Revenue	0.000%	09/26/2037	0.1%
Miami-Dade Cnty Fl Aviation Revenue	5.000%	09/28/2029	0.1%
New York St Thruway Auth Gen Revenue Junior Indebtedness Obl	4.000%	12/25/2050	0.1%
Texas St Transprtn Commission Central Tx Turnpike Sys Revenu	5.000%	08/10/2037	0.1%
Berks Cnty Pa Muni Auth	5.000%	01/27/2040	0.1%
California Cmnty Choice Fing Auth Clean Energy Proj Revenue	4.000%	01/24/2052	0.1%
Illinois St	4.000%	09/27/2033	0.1%
Maryland St Econ Dev Corp Priv Activity Revenue	5.250%	06/23/2047	0.1%
Maryland St Econ Dev Corp Priv Activity Revenue	5.250%	06/22/2052	0.1%
Muskingum Cnty Oh Hosp Facs	5.000%	02/09/2044	0.1%
New Jersey St Transprtn Trust Fund Auth	5.000%	06/12/2031	0.1%
New York St Transprtn Dev Corp Spl Fac Revenue	5.000%	12/29/2028	0.1%
Spring Vly Cmnty Infrastructure Dist #1 Spl Assmnt	3.750%	08/24/2051	0.1%
Baltimore Md Proj Revenue	5.000%	12/31/2024	0.1%
California St Infrastructure & Econ Dev Bank Revenue	5.000%	10/26/2041	0.1%
Chicago Il	5.500%	12/27/2039	0.1%
Eagle Cnty Co Arpt Terminal Corp	5.000%	04/30/2027	0.1%
Michigan St Strategic Fund Ltd Oblg Revenue	5.000%	06/23/2048	0.1%
New York St Dorm Auth Revenues Non St Supported Debt	5.500%	12/27/2038	0.1%
S E Alabama St Gas Sply Dist Gas Sply Revenue	4.000%	03/24/2049	0.1%
Houston Tx Arpt Sys Revenue	6.625%	07/10/2038	0.1%
Chicago Il	5.500%	12/28/2033	0.1%
Cscda Cmnty Impt Auth Ca Essential Hsg Revenue	4.000%	11/21/2056	0.1%
Muni Elec Auth Of Ga	5.000%	06/22/2055	0.1%
Illinois St	4.000%	09/26/2038	0.1%
Met Pier & Exposition Auth Il Dedicated St Tax Revenue	0.000%	12/11/2032	0.1%
Muni Elec Auth Of Ga	5.000%	06/22/2053	0.1%
Niagara Ny Area Dev Corp Solid Waste Disp Fac Revenue	3.500%	10/30/2024	0.1%
Texas St Muni Gas Acquisition& Sply Corp Iii Gas Sply Reven	5.000%	12/12/2029	0.1%
Port Beaumont Tx Nav Dist Dock& Wharf Fac Revenue	4.000%	12/24/2049	0.1%
Chicago Il	5.500%	12/27/2038	0.1%
Cook Cnty Il	5.000%	11/12/2031	0.1%
Florida Dev Fin Corp Hlthcarefacs Revenue	4.000%	01/25/2046	0.1%
Maryland St Hlth & Hgr Eductnl Facs Auth Revenue	5.000%	06/26/2038	0.1%
New York St Transprtn Dev Corp Spl Fac Revenue	5.000%	12/28/2035	0.1%
Pennsylvania St Cops	4.000%	06/24/2046	0.1%
Tobacco Settlement Fing Corp La Revenue	5.250%	05/11/2035	0.1%
Ohio St Air Quality Dev Auth	2.500%	07/27/2040	0.1%
Public Fin Auth Wi Eductnl Fac Revenue	5.250%	09/26/2038	0.1%
California St Poll Control Fing Auth Wtr Furnishing Revenue	5.000%	12/30/2028	0.1%
New York St Liberty Dev Corp Liberty Revenue	3.000%	11/07/2051	0.1%
Philadelphia Pa Sch Dist	4.000%	08/27/2038	0.1%
Puerto Rico Cmwlth	0.000%	10/25/2051	0.1%
Atlanta Ga Arpt Passenger Fac Charge Revenue	4.000%	06/26/2039	0.1%
Centrl Plains Energy Proj Ne Gas Proj Revenue	5.000%	08/26/2042	0.1%
Maryland St Econ Dev Corp Student Hsg Revenue	5.750%	06/22/2053	0.1%
M-S-R Ca Energy Auth Gas Revenue	6.125%	10/29/2029	0.1%
New Jersey St Transprtn Trust Fund Auth	4.000%	12/12/2031	0.1%
New Jersey St Transprtn Trust Fund Auth	5.500%	06/07/2050	0.1%
Vermont St Student Assistancecorp Edu Loan Revenue	3.375%	06/12/2036	0.1%
Chicago Il Brd Of Edu	5.000%	11/28/2030	0.1%
Ontario Ca International Arpt Auth Revenue	5.000%	05/08/2046	0.1%
Alabama St Port Auth Docks Facs Revenue	5.000%	09/27/2034	0.1%
Main Street Natural Gas Inc Ga Gas Supply Revenue	5.000%	05/11/2035	0.1%
New York City Ny Trust For Cultural Resources	4.000%	11/27/2033	0.1%
Philadelphia Pa Gas Wks Revenue	5.000%	07/29/2029	0.1%
Alabama St Port Auth Docks Facs Revenue	5.000%	09/27/2035	0.1%
Chicago Il Brd Of Edu	5.000%	11/28/2029	0.1%
Florida St Dev Fin Corp Eductnl Facs Revenue	5.000%	06/08/2050	0.1%
Florida St Hgr Eductnl Facs Financial Auth Revenue	5.000%	03/31/2026	0.1%
Miami Beach Fl Pkg Revenue	5.000%	08/31/2025	0.1%
Riverside Cnty Ca Transprtn Commission Toll Revenue	4.000%	05/27/2040	0.1%
Illinois St	4.000%	09/27/2032	0.1%
Louisiana St Public Facs Authlease Revenue	5.000%	06/21/2059	0.1%
Massachusetts St Dev Fin Agy Revenue	5.000%	06/28/2031	0.1%
Met Transprtn Auth Ny Revenue	5.250%	11/06/2055	0.1%
Michigan St Fin Auth Revenue	5.000%	06/27/2034	0.1%
New Jersey St Econ Dev Auth Econ Dev Revenue	6.500%	03/30/2028	0.1%
New York St Transprtn Dev Corp Spl Fac Revenue	4.000%	06/24/2046	0.1%
Texas St Priv Activity Bond Surface Transprtn Corp Revenue	4.000%	12/26/2037	0.1%
Valparaiso In Exempt Facs Revenue	7.000%	12/26/2043	0.1%
Atlanta Ga Arpt Passenger Fac Charge Revenue	5.000%	12/30/2027	0.1%
Lower Colorado River Tx Auth Transmission Contract Revenue	6.000%	05/07/2052	0.1%
Met Washington Dc Arpts Auth Arpt Sys Revenue	5.000%	09/28/2028	0.1%
Minneapolis-Saint Paul Mn Met Arpts Commission Arpt Revenue	5.000%	12/29/2030	0.1%
Port Of Portland Or Arpt Revenue	5.000%	06/26/2039	0.1%
California Public Fin Auth Revenue	4.000%	07/07/2051	0.1%
California St Hlth Facs Fing Auth Revenue	4.000%	11/09/2042	0.1%
Casino Reinvestment Dev Auth Nj Luxury Tax Revenue	5.250%	10/25/2044	0.1%
Chicago Il Brd Of Edu	5.000%	11/24/2046	0.1%
Clark Cnty Nv Sch Dist	4.000%	06/10/2040	0.1%
Illinois St Fin Auth Revenue	5.000%	08/26/2040	0.1%
Lower Al Gas Dist Gas Proj Revenue	4.000%	11/23/2050	0.1%
Muni Elec Auth Of Georgia	5.000%	12/22/2058	0.1%
Palm Beach Cnty Fl Hlth Facs Auth Revenue	5.000%	05/06/2053	0.1%
Connecticut St	3.000%	05/27/2039	0.1%
Dist Of Columbia Revenue	5.000%	05/31/2026	0.1%
Massachusetts St Dev Fin Agy Revenue	4.000%	06/27/2035	0.1%
Muni Elec Auth Of Georgia	5.000%	12/31/2024	0.1%
Puerto Rico Cmwlth	4.000%	06/27/2033	0.1%
Selma Al Indl Dev Brd Revenue	2.000%	10/28/2033	0.1%
Vlg Fl Cdd #13 Spl Assmnt Revenue	3.250%	04/23/2052	0.1%
Brd Of Managers Tx Jt Guadalupe Cnty-City Of Seguin Hosp Mtg	5.000%	11/24/2045	0.1%
California St Stwd Cmntys Dev Auth Revenue	5.250%	02/20/2023	0.1%
Colorado St Hlth Facs Auth Revenue	4.000%	07/27/2038	0.1%
Massachusetts St Dev Fin Agy Revenue	4.000%	05/28/2035	0.1%
Allentown Pa Neighborhood Imptzone Dev Auth Tax Rev	5.000%	04/28/2032	0.1%
Chicago Il Wtrwks Revenue	5.000%	10/27/2036	0.1%
Iowa St Hgr Edu Loan Auth Revenue	5.000%	09/29/2030	0.1%
Muni Elec Auth Of Ga	5.000%	06/24/2048	0.1%
Chicago Il Brd Of Edu	5.000%	11/27/2033	0.1%
Chicago Il Brd Of Edu Dedicated Capital Impt	5.000%	03/31/2027	0.1%
Connecticut St	5.000%	04/10/2039	0.1%
Maryland St Econ Dev Corp Spl Oblig	4.000%	08/26/2040	0.1%
New York City Ny Trust For Cultural Resources	4.000%	11/27/2035	0.1%
Ohio St Air Quality Dev Auth	3.250%	08/29/2029	0.1%
Tobacco Settlement Auth Ia Tobacco Settlement Revenue	4.000%	05/24/2049	0.1%
New Jersey St Transprtn Trust Fund Auth	0.000%	12/10/2037	0.1%
Ohio St Air Quality Dev Auth	2.600%	05/26/2041	0.1%
Chicago Il Brd Of Edu	5.000%	11/24/2044	0.0%
Triborough Ny Bridge & Tunnel Auth Revenues	5.000%	11/09/2042	0.0%
Wayne Cnty Mi Arpt Auth Revenue	5.000%	11/26/2039	0.0%
California Sch Fin Auth Sch Fac Revenue	5.000%	07/31/2028	0.0%
Connecticut St	3.000%	05/27/2038	0.0%
Maricopa Cnty Indl Dev Auth Exempt Facs Revenue	4.000%	10/08/2047	0.0%
New Jersey St Turnpike Auth Turnpike Revenue	4.000%	12/28/2032	0.0%
Puerto Rico Cmwlth	5.250%	07/01/2023	0.0%
Massachusetts St Dev Fin Agy Revenue	5.000%	06/27/2034	0.0%
Nassau Cnty Ny Local Econ Assistance Corp Revenue	5.000%	06/30/2024	0.0%
Adelanto Ca Public Utility Auth	5.000%	06/30/2027	0.0%
Indiana St Fin Auth Envrnmntl Revenue	4.125%	11/29/2026	0.0%
Massachusetts St Dev Fin Agy Revenue	5.000%	06/28/2030	0.0%
Philadelphia Pa Gas Wks Revenue	5.000%	07/29/2030	0.0%
Atlanta Ga Urban Redev Agy Revenue	3.625%	06/26/2042	0.0%
Florida St Hgr Eductnl Facs Financial Auth Revenue	5.000%	03/28/2033	0.0%
Matching Fund Spl Purpose Securitiztn Corp	5.000%	09/27/2032	0.0%
Rancho Cucamonga Ca Redev Agy Successor Agy Tax Allocation	5.000%	08/29/2030	0.0%
California Sch Fin Auth Sch Fac Revenue	5.000%	07/31/2025	0.0%
Massachusetts St Port Auth	5.000%	06/26/2040	0.0%
New York St Transprtn Dev Corp Spl Fac Revenue	5.375%	07/28/2036	0.0%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	0.000%	06/27/2033	0.0%
Ohio St Air Quality Dev Auth	2.400%	11/26/2038	0.0%
Pennsylvania St Turnpike Commission Turnpike Revenue	4.000%	11/25/2043	0.0%
Toledo-Lucas Cnty Oh Port Authstudent Hsg Revenue	5.000%	06/30/2024	0.0%
Florida St Dev Fin Corp Eductnl Facs Revenue	5.000%	06/07/2055	0.0%
New York City Ny Trust For Cultural Resources	5.000%	11/28/2031	0.0%
Rancho Cucamonga Ca Redev Agy Successor Agy Tax Allocation	5.000%	08/29/2031	0.0%
Tsasc Inc Ny	5.000%	05/28/2035	0.0%
California St Muni Fin Auth Student Hsg Revenue	5.000%	05/31/2025	0.0%
Dutchess Cnty Ny Local Dev Corp Revenue	5.000%	06/23/2051	0.0%
New Jersey St Transprtn Trust Fund Auth	0.000%	12/12/2031	0.0%
North Carolina St Turnpike Auth	5.000%	12/29/2031	0.0%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	0.000%	06/28/2031	0.0%
Compton Ca Cmnty Redev Agy Successor Agy Tax Allocation	5.000%	07/26/2042	0.0%
Connecticut St	5.000%	06/12/2032	0.0%
Connecticut St	5.000%	06/11/2033	0.0%
Fort Bend Cnty Tx Indl Dev Corp	4.750%	05/01/2023	0.0%
Guam Govt Business Privilege Tax Revenue	4.000%	12/26/2041	0.0%
New York St Dorm Auth Revenues Non St Supported Debt	4.000%	07/28/2036	0.0%
Gramercy Farms Fl Cdd Spl Assmnt	0.000%	10/30/2029	0.0%
Maryland St Hlth & Hgr Eductnl Facs Auth Revenue	5.000%	06/27/2036	0.0%
National Fin Auth Nh Revenue	4.625%	10/26/2042	0.0%
New Jersey St Econ Dev Auth	5.000%	06/11/2036	0.0%
Transbay Jt Powers Auth Ca	5.000%	09/23/2049	0.0%
Chicago Il Brd Of Edu	7.000%	11/24/2046	0.0%
Chicago Il Brd Of Edu	5.000%	11/27/2032	0.0%
Massachusetts St Dev Fin Agy Revenue	5.000%	06/27/2033	0.0%
New York St Dorm Auth Revenues Non St Supported Debt	5.000%	05/31/2027	0.0%
Public Fin Auth Wi Limited Oblig Pilot Revenue	5.000%	11/29/2027	0.0%
Texas St Priv Activity Bond Surface Transprtn Corp Revenue	4.000%	12/26/2038	0.0%
Chicago Il Brd Of Edu	0.000%	11/28/2030	0.0%
Connecticut St	5.000%	04/11/2036	0.0%
New York St Dorm Auth Revenues Non St Supported Debt	5.000%	11/26/2040	0.0%
Philadelphia Pa Sch Dist	5.000%	08/27/2037	0.0%
Texas St Priv Activity Bond Surface Transprtn Corp Revenue	4.000%	06/25/2039	0.0%
Grand River Co Hosp Dist	5.250%	11/26/2037	0.0%
Wayne Cnty Mi Arpt Auth Revenue	5.000%	11/25/2042	0.0%
Clark Cnty Nv Sch Dist	4.000%	06/10/2038	0.0%
Miami-Dade Cnty Fl Rickenbacker Cswy Revenue	5.000%	09/30/2024	0.0%
New York St Energy Research & Dev Auth Poll Control Revenue	3.500%	09/29/2029	0.0%
North Carolina St Turnpike Auth	5.000%	12/26/2042	0.0%
Chicago Il Brd Of Edu	6.500%	11/24/2046	0.0%
Hoover Al Indl Dev Brd Envnmntl Impt Revenue	5.750%	09/23/2049	0.0%
Muni Elec Auth Of Ga	5.000%	06/24/2048	0.0%
Nassau Cnty Ny Tobacco Settlement Corp	0.000%	05/22/2060	0.0%
New Jersey St Hgr Edu Assistance Auth Student Loan Revenue	3.750%	11/29/2031	0.0%
Niagara Ny Area Dev Corp Revenue	5.000%	06/23/2052	0.0%
Crawford Cnty Pa Hosp Auth	6.000%	05/24/2051	0.0%
Public Fin Auth Wi Revenue	6.850%	09/25/2047	0.0%
Grand River Co Hosp Dist	5.250%	11/29/2028	0.0%
Maricopa Cnty Az Indl Dev Auth Edu Revenue	5.000%	06/23/2049	0.0%
Nassau Cnty Ny Local Econ Assistance Corp Revenue	5.000%	06/30/2024	0.0%
Connecticut St	5.000%	06/10/2038	0.0%
Cook Cnty Il	5.000%	11/12/2030	0.0%
Cook Cnty Il	5.000%	11/11/2035	0.0%
Grand River Co Hosp Dist	5.250%	11/29/2028	0.0%
National Fin Auth Nh Revenue	3.750%	06/24/2045	0.0%
Paducah Ky Elec Plant Brd Revenue	5.000%	09/27/2033	0.0%
Paducah Ky Elec Plant Brd Revenue	5.000%	09/27/2034	0.0%
Paducah Ky Elec Plant Brd Revenue	5.000%	09/27/2035	0.0%
Philadelphia Pa Hosps & Hgr Edu Facs Auth	5.000%	06/28/2031	0.0%
Philadelphia Pa Sch Dist	5.000%	08/27/2038	0.0%
Tobacco Settlement Fing Corp Nj	5.000%	05/28/2033	0.0%
Capital Trust Agy Fl Eductnl Facs Revenue	5.000%	06/14/2026	0.0%
Chicago Il Brd Of Edu	5.000%	11/28/2031	0.0%
Clifton Tx Hgr Edu Fin Corp Edu Revenue	6.000%	08/15/2023	0.0%
Connecticut St	4.000%	05/27/2037	0.0%
Eagle Cnty Co Arpt Terminal Corp	5.000%	04/30/2027	0.0%
Nassau Cnty Ny Local Econ Assistance Corp Revenue	5.000%	06/30/2024	0.0%
New York City Ny Transitional Fin Auth Revenue	5.000%	01/28/2036	0.0%
New York St Transprtn Dev Corp Spl Fac Revenue	5.250%	07/29/2031	0.0%
Osceola Cnty Fl Transprtn Revenue	5.000%	09/29/2029	0.0%
Philadelphia Pa Hosps & Hgr Edu Facs Auth	5.000%	06/28/2032	0.0%
Public Fin Auth Wi Eductnl Fac Revenue	5.250%	09/25/2043	0.0%
Saint James Parish La Revenue	5.850%	07/26/2041	0.0%
Texas St Priv Activity Bond Surface Transprtn Corp Revenue	4.000%	06/25/2038	0.0%
Capital Trust Agy Fl Eductnl Facs Revenue	5.000%	06/14/2026	0.0%
Chicago Il Midway Arpt Revenue	4.000%	12/28/2033	0.0%
Connecticut St	4.000%	06/10/2037	0.0%
Cuyahoga Cnty Oh Hosp Revenue	5.000%	02/05/2057	0.0%
Montgomery Cnty Pa Indl Dev Auth	5.375%	12/24/2049	0.0%
New York City Ny Transitional Fin Auth Revenue	4.000%	07/26/2042	0.0%
North Carolina St Turnpike Auth	4.000%	12/27/2037	0.0%
Phoenix Az Indl Dev Auth Student Hsg Revenue	5.000%	06/26/2037	0.0%
Texas St Priv Activity Bond Surface Transprtn Corp Revenue	4.000%	12/26/2039	0.0%
Toledo-Lucas Cnty Oh Port Authstudent Hsg Revenue	5.000%	06/30/2024	0.0%
Crawford Cnty Pa Hosp Auth	6.000%	05/25/2046	0.0%
Dutchess Cnty Ny Local Dev Corp Revenue	5.000%	06/24/2045	0.0%
Grand Forks Nd Hlth Care Sys Revenue	4.000%	11/24/2046	0.0%
Met Pier & Exposition Auth Il Revenue	5.000%	12/14/2025	0.0%
New York City Ny Indl Dev Agy Revenue	3.000%	12/28/2033	0.0%
Toledo-Lucas Cnty Oh Port Authstudent Hsg Revenue	5.000%	06/25/2046	0.0%
Cleveland Oh Arpt Sys Revenue	5.000%	12/29/2030	0.0%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	0.000%	06/28/2029	0.0%
Vlg Fl Cdd #13 Spl Assmnt Revenue	3.000%	04/25/2041	0.0%
Illinois St Sports Facs Auth	5.000%	06/13/2028	0.0%
Cscda Cmnty Impt Auth Ca Essential Hsg Revenue	4.000%	08/25/2046	0.0%
Dallas-Fort Worth Tx International Arpt Revenue	5.000%	11/01/2023	0.0%
Indiana St Fin Auth Poll Control Revenue	2.500%	10/30/2030	0.0%
Jefferson Cnty Al Swr Revenue Warrants	0.000%	09/29/2026	0.0%
Virginia St Small Business Fing Auth Sol Wst Disp Fac Revenu	5.000%	12/25/2047	0.0%
Wisconsin St Hlth & Eductnl Facs Auth Revenue	5.375%	01/25/2048	0.0%
Alabama St Port Auth Docks Facs Revenue	5.000%	09/30/2027	0.0%
Maryland St Econ Dev Corp Econ Dev Revenue	5.000%	05/24/2049	0.0%
Michigan St Fin Auth Ltd Oblig Revenue	5.000%	08/25/2050	0.0%
Pennsylvania St Turnpike Commission Turnpike Revenue	5.000%	11/26/2039	0.0%
San Jose Ca Arpt Revenue	5.000%	02/22/2047	0.0%
New York St Urban Dev Corp Revenue	5.000%	03/11/2033	0.0%
Puerto Rico Cmwlth	0.000%	10/27/2043	0.0%
Denver Co Hlth & Hosp Auth Hlthcare Revenue	5.250%	11/24/2045	0.0%
California St Muni Fin Auth Mobile Home Park Revenue	5.250%	08/14/2024	0.0%
Sparks Nv Tourism Impt Dist #1 Revenue	2.750%	06/13/2028	0.0%
Univ Of California Ca Rgts Med Center Pooled Revenue	5.250%	05/10/2038	0.0%
Connecticut St	4.000%	05/27/2039	0.0%
Nassau Cnty Ny Local Econ Assistance Corp Revenue	5.000%	06/30/2024	0.0%
New York City Ny Transitional Fin Auth Bldg Aid Revenue	5.000%	07/11/2035	0.0%
New York Ny	1.250%	02/01/2023	0.0%
Puerto Rico Elec Pwr Auth Pwr Revenue	0.000%	06/30/2028	0.0%
Chicago Il	5.625%	12/29/2029	0.0%
Miami-Dade Cnty Fl Rickenbacker Cswy Revenue	5.000%	09/30/2024	0.0%
Berks Cnty Pa Muni Auth	5.000%	01/27/2040	0.0%
Casitas Muni Wtr Dist Ca Spl Tax	5.250%	08/31/2027	0.0%
Cook Cnty Il	5.000%	11/11/2034	0.0%
Irvine Ca Unif Sch Dist Spl Tax	5.000%	08/31/2027	0.0%
Miami-Dade Cnty Fl Rickenbacker Cswy Revenue	5.000%	09/30/2024	0.0%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	0.000%	06/23/2051	0.0%
Irvine Ca Spl Tax	5.000%	08/25/2044	0.0%
Michigan St Fin Auth Ltd Oblig Revenue	4.800%	08/28/2040	0.0%
New York City Ny Muni Wtr Fin Auth Wtr & Swr Sys Revenue	5.000%	06/11/2036	0.0%
Public Fin Auth Wi Exempt Facs Revenue	4.050%	10/29/2030	0.0%
Tobacco Settlement Auth Wa Tobacco Settlement Revenue	5.250%	02/20/2023	0.0%
Gloucester Cnty Nj Poll Control Fing Auth	5.000%	11/30/2024	0.0%
Puerto Rico Cmwlth	5.625%	06/29/2027	0.0%
Puerto Rico Cmwlth	5.625%	06/28/2029	0.0%
Maryland St Econ Dev Corp Econ Dev Revenue	5.000%	05/26/2044	0.0%
Jefferson Cnty Al Swr Revenue Warrants	0.000%	09/26/2039	0.0%
Build Nyc Resource Corp Ny Revenue	5.000%	06/01/2024	0.0%
Stone Canyon Mo Cmnty Impt Dist Revenue	0.000%	03/31/2027	0.0%
Clifton Tx Hgr Edu Fin Corp Edu Revenue	5.000%	03/01/2023	0.0%
Michigan St Fin Auth Ltd Oblig Revenue	4.300%	08/30/2030	0.0%
Puerto Rico Elec Pwr Auth Pwr Revenue	4.250%	06/29/2027	0.0%
N Tx Tollway Auth Revenue	5.000%	12/29/2030	0.0%
New York St Dorm Auth Revenues Non St Supported Debt	5.000%	05/01/2023	0.0%
California Cnty Ca Tobacco Securitization Agy Tobacco Settle	5.000%	05/24/2049	0.0%
Puerto Rico Elec Pwr Auth Pwr Revenue	0.000%	06/30/2028	0.0%
New Jersey St Hlth Care Facs Fing Auth Revenue	5.000%	06/28/2029	0.0%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	4.550%	06/26/2040	0.0%
Los Angeles Ca Dept Of Arpts Arpt Revenue	4.000%	11/13/2031	0.0%
Sparks Nv Tourism Impt Dist #1 Revenue	2.500%	06/14/2024	0.0%
Westchester Cnty Ny Hlthcare Corp Revenue	6.000%	03/01/2023	0.0%
Middlesex Cnty Nj Impt Auth Revenue	0.000%	12/29/2036	0.0%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	4.536%	06/22/2053	0.0%
Westchester Cnty Ny Hlthcare Corp Revenue	6.125%	03/01/2023	0.0%
California Hsg Fin Agy Muni Ctfs	4.250%	01/11/2035	0.0%
Gramercy Farms Fl Cdd Spl Assmnt	0.000%	04/27/2039	0.0%
Middlesex Cnty Nj Impt Auth Revenue	0.000%	01/01/2025	0.0%
Puerto Rico Cmwlth Highway & Transprtn Auth Restructured Tol	0.000%	06/22/2053	0.0%
Tobacco Settlement Fing Corp Nj	3.200%	05/31/2027	0.0%
USH3 - Futures	0.000%	-	0.0%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 03/23/2023: $0.056
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	02/28/2023	$0.02870	$10.21
Daily	Daily	01/31/2023	$0.02730	$10.50

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	03/31/2023
Daily	Daily	04/30/2023
Daily	Daily	05/31/2023
Daily	Daily	06/30/2023
Daily	Daily	07/31/2023
Daily	Daily	08/31/2023
Daily	Daily	09/30/2023
Daily	Daily	10/31/2023
Daily	Daily	11/30/2023
Daily	Daily	12/31/2023

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/10/1998	12/18/1998	-	-	$0.1900	$11.75

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Fees & Expenses

Sales Charge Schedule as of 03/23/2023

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$10.55
$100,000 to $249,999	1.75%	1.50%	$10.49
$250,000 to $499,999	0.00%	1.00%	$10.31
$500,000 to $999,999	0.00%	1.00%	$10.31
$1,000,000 to $5,000,000	0.00%	1.00%	$10.31

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 02/28/2023

Fund Gross Expense Ratio	Fund Net Expense Ratio
0.71%	0.70%

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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n/a	Portfolio Holdings 1Q Publish Date:11/03/2015
n/a	Portfolio Holdings 3Q Publish Date:11/03/2015
	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
	SAI Publish Date:11/03/2015
	Annual Report Publish Date:11/03/2015
	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015

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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.

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 yields reflect 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

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

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

Barron's Fund Family Rankings are awarded annually.

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

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

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

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

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

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.

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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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 03/23/2023

30-Day Standardized Yield 2 as of 02/28/2023

Average Yield to Worst as of 02/28/2023

Fund Basicsas of 02/28/2023

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

Credit Quality Distribution as of 02/28/2023 View Portfolio

INVESTMENT TEAM

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Performance

Performance

Dividend Yield 1 as of 03/23/2023

30-Day Standardized Yield 2 as of 02/28/2023

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

Fund Expense Ratio :

Gross 0.71%

Net 0.70%

Growth of $10,000 as of 07/31/2021

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 02/28/2023

Portfolio Positioning as of 12/31/2022

Portfolio Details as of 02/28/2023

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 03/23/2023

Expense Ratioas of 02/28/2023

Fund Documents

Fund Documents

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Dividend Yield ¹ as of 03/23/2023

30-Day Standardized Yield ² as of 02/28/2023

Dividend Yield ¹ as of 03/23/2023

30-Day Standardized Yield ² as of 02/28/2023