Short Duration High Income Municipal Bond Fund

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Effective November 1, 2021 the Lord Abbett Short Duration High Yield Municipal Bond Fund changed its name to Lord Abbett Short Duration High Income Municipal Bond Fund. There was no change to the Fund’s investment strategy.

Daily price w/o sales charge as of 12/06/2021

$15.91

$0.00

YTD Returns w/o sales charge as of 12/06/2021

3.97%

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

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Summary

What is the Short Duration High Income Municipal Bond Fund?

The Fund seeks to deliver a high level of income exempt from federal income tax by investing primarily in short duration high-yield municipal bonds.

ATTRACTIVE INCOME

Municipal bonds offer attractive taxable equivalent yields relative to taxable fixed income alternatives.

LOWER DURATION

Shorter maturity bonds have less interest rate sensitivity, and have historically demonstrated lower volatility than longer maturity bonds.

PORTFOLIO DIVERSIFICATION

Short high income municipals have historically had low correlation with other bond sectors, providing valuable diversification benefits to fixed income portfolios.

Yield

Dividend Yield ¹ as of 12/06/2021

	Subsidized³	Un-Subsidized⁴
w/o sales charge	1.72%	1.64%
w/ sales charge	1.68%	1.60%

30-Day Standardized Yield ² as of 10/31/2021

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	1.04%	1.00%

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

Fund Basicsas of 10/29/2021

Total Net Assets: $1.21 B
Inception Date: 06/15/2015
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 585
Minimum Initial Investment: $1,000+

Expense Ratioas of 11/30/2021

Expense ratio details, Click here.

The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 01/31/2022. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower. In addition, 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.

Investor Resource

5 Reasons to Consider Lord Abbett's High Income Muni Funds

Learn More

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/15/2015

w/o sales charge	3.87%	5.44%	4.52%	4.10%	-	3.51%
Lipper Category Avg. High Yield Municipal Debt Funds	5.27%	7.06%	6.30%	5.63%	-	-
w/ sales charge	1.53%	3.09%	3.72%	3.62%	-	3.14%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/15/2015

w/o sales charge	3.45%	6.74%	4.35%	3.13%	-	3.54%
Lipper Category Avg. High Yield Municipal Debt Funds	4.33%	8.44%	5.73%	4.18%	-	-
w/ sales charge	1.11%	4.34%	3.56%	2.66%	-	3.16%

Fund Expense Ratio :

Gross 0.78%

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.

CREDIT QUALITY DISTRIBUTION as of 10/29/2021

Rating	Assets
A-1/MIG1
A-2/MIG2
AA
A
BBB
BB
B
< B
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. For a security with both a short-term and a long-term rating, Lord Abbett has categorized the security in the chart above using its short-term rating only. 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. A-1/MIG1, A-2/MIG2 and A-3/MIG3 designations denote securities with less than a three-year maturity as well as superior (A-1/MIG1), strong (A-2/MIG2) and favorable (A-3/MIG3) credit quality. The credit quality breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Credit quality allocation reflects market value weightings.

INVESTMENT TEAM

Daniel S. Solender, CFA

Partner & Director

33 Years of Industry Experience

Gregory M. Shuman, CFA

Managing Director, Portfolio Manager

11 Years of Industry Experience

Supported By 16 Investment Professionals with 14 Years Avg. Industry Experience

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Performance

Dividend Yield ¹ as of 12/06/2021

	Subsidized³	Un-Subsidized⁴
w/o sales charge	1.72%	1.64%
w/ sales charge	1.68%	1.60%

30-Day Standardized Yield ² as of 10/31/2021

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	1.04%	1.00%

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 0.70%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/15/2015

w/o sales charge	3.87%	5.44%	4.52%	4.10%	-	3.51%
Lipper Category Avg. High Yield Municipal Debt Funds	5.27%	7.06%	6.30%	5.63%	-	-
w/ sales charge	1.53%	3.09%	3.72%	3.62%	-	3.14%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/15/2015

w/o sales charge	3.45%	6.74%	4.35%	3.13%	-	3.54%
Lipper Category Avg. High Yield Municipal Debt Funds	4.33%	8.44%	5.73%	4.18%	-	-
w/ sales charge	1.11%	4.34%	3.56%	2.66%	-	3.16%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

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

Year	Fund Returns

2020	2.15%
2019	7.05%
2018	2.10%
2017	5.30%
2016	-0.20%
2015	2.53%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2021	1.47%	2.16%	-0.20%	-	3.97%
2020	-5.59%	3.04%	1.77%	3.18%	2.15%
2019	2.48%	1.98%	1.54%	0.88%	7.05%
2018	0.41%	0.81%	0.42%	0.45%	2.10%
2017	2.06%	1.75%	1.45%	-0.05%	5.30%
2016	1.41%	1.90%	0.69%	-4.08%	-0.20%
2015	-	-	1.08%	1.81%	2.53%

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 06/15/2015.

Based on a hypothetical Class A share investment of $10,000 on 06/15/2015 without sales charge and includes the reinvestment of all distributions.

NAV Historical Prices

Date	Net Asset Value

Portfolio

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

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

Maturity	Assets
<1 Year
1-5 Years
5-10 Years
10-15 Years
15-20 Years
20-25 Years
25-30 Years
>30 Years

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

State	Assets
NY
IL
CA
TX
FL
Puerto Rico
PA
NJ
AL
TN
GA
LA
IA
WA
CO
WI
OH
KY
IN
MD
AZ
NH
MA
SC
MO
UT
VA
VT
NV
ID
MN
HI
MI
MS
DE
WV
AK
CT
OK
KS
Other U.S. Territories
AS
AR
SD
NC
OR

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

CREDIT QUALITY DISTRIBUTION as of 10/29/2021

Rating	Assets
A-1/MIG1
A-2/MIG2
AA
A
BBB
BB
B
< B
Not Rated

Portfolio Positioning
as of 09/30/2021

As the economy further reopens and recovers, we expect the credit fundamentals of the municipal market to remain positive. The credit outlook may continue to strengthen as the unprecedented fiscal spending over the last eighteen months continues to trickle down to state and local governments. Overall, in excess of $1 trillion in emergency aid was earmarked for municipalities, amounting to approximately one quarter of the total outstanding of municipal bonds. Given this strong credit backdrop, we are positive on credit risk and the portfolio has an overweight to bonds rated ‘BB’ and ‘B’ relative to its benchmark, due to relatively attractive credit spreads. For enhanced liquidity, the Fund is overweight investment grade bonds, though primarily lower tiered investment grade credits, while underweight bonds in the ‘AAA’ and ‘AA’ credit quality tiers.
From a sector perspective, the Fund’s overweight to Revenue bonds is driven primarily by a significant overweight to the IDR sector and an overweight to the Transportation sector.
On August 10, 2021, the U.S. Senate voted to pass the Infrastructure Investment and Jobs Act. The legislation provides nearly $1 trillion in total spending over the next five years, resulting in $550 billion in new spending. The Infrastructure Investment and Jobs Act is currently being debated on in the House of Representatives and some House members are fighting for the inclusion of advanced refunding and direct pay bonds, both of which were not included in the Senate’s version of the Bill. From a technical perspective, the reinstatement of advanced refunding could result in a notable increase in issuance for the municipal market.
The House of Representatives’ Ways and Means Committee has drafted legislation that, among other measures, would increase the rate on the top individual tax bracket from 37% to 39.6% for individuals earning more than $400,000 and households earning more than $450,000 as well as raise the corporate tax rate to 26.5%. An increase to the top individual tax bracket would allow high earners a higher tax-equivalent yield and potentially lead to a higher demand from the retail segment of the market, which has the largest ownership of municipal bonds. The next largest segment holding municipal bonds is financial services firms, such as banks and insurance companies. Should the corporate tax rate rise, it may result in growing demand from these firms as well for tax free bonds.

Portfolio Details as of 10/29/2021

Total Net Assets: $1.21 B
Number of Issues: 585
Average Coupon: 4.4%
Average Effective Maturity: 7.2 Years
Average Effective Duration: 4.48 Years

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

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

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

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

Holding	Coupon	Maturity	Assets

Southeast Energy Authority A Cooperative District	4.000%	12/01/2051	1.6%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	5.000%	07/01/2030	1.6%
State of Illinois	5.500%	05/01/2030	1.5%
California Municipal Finance Authority	4.000%	07/15/2029	1.4%
New York Transportation Development Corp	4.000%	10/01/2030	1.4%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.500%	07/01/2034	1.2%
Florida Development Finance Corp	3.000%	06/01/2032	1.2%
Texas Municipal Gas Acquisition & Supply Corp III	5.000%	12/15/2028	1.2%
Main Street Natural Gas Inc	4.000%	05/01/2052	1.1%
Tennessee Energy Acquisition Corp	5.000%	05/01/2052	1.1%

% of Total Assets			13.3%

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.

HOLDINGS as of10/29/2021

Holding	Coupon	Maturity	Assets

Southeast Energy Authority A Cooperative District	4.000%	12/01/2051	1.6%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	5.000%	07/01/2030	1.6%
State of Illinois	5.500%	05/01/2030	1.5%
California Municipal Finance Authority	4.000%	07/15/2029	1.4%
New York Transportation Development Corp	4.000%	10/01/2030	1.4%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.500%	07/01/2034	1.2%
Florida Development Finance Corp	3.000%	06/01/2032	1.2%
Texas Municipal Gas Acquisition & Supply Corp III	5.000%	12/15/2028	1.2%
Main Street Natural Gas Inc	4.000%	05/01/2052	1.1%
Tennessee Energy Acquisition Corp	5.000%	05/01/2052	1.1%
County of Lee FL Airport Revenue	5.000%	10/01/2027	1.1%
Tennergy Corp/TN	4.000%	12/01/2051	1.0%
Iowa Finance Authority	5.250%	12/01/2025	0.9%
Berks County Municipal Authority/The	5.000%	02/01/2040	0.8%
Kentucky Public Energy Authority	4.000%	02/01/2050	0.8%
Southeast Energy Authority A Cooperative District	4.000%	11/01/2051	0.8%
Washington State Convention Center Public Faciliti	4.000%	07/01/2031	0.8%
Allegheny County Industrial Development Authority	5.125%	05/01/2030	0.8%
Louisiana Local Government Environmental Facilitie	3.500%	11/01/2032	0.8%
New York Transportation Development Corp	3.000%	08/01/2031	0.7%
California Community Choice Financing Authority	4.000%	02/01/2052	0.7%
Commonwealth of Puerto Rico	8.000%	07/01/2035	0.7%
Chicago Board of Education	5.000%	12/01/2034	0.6%
City of Chicago IL	5.000%	01/01/2026	0.6%
Capital Trust Agency Inc	3.375%	07/01/2031	0.6%
PEFA Inc	5.000%	09/01/2049	0.6%
Port Beaumont Navigation District	3.625%	01/01/2035	0.6%
Tennessee Energy Acquisition Corp	5.625%	09/01/2026	0.5%
State of New Jersey	2.000%	06/01/2026	0.5%
Parish of St John the Baptist LA	2.200%	06/01/2037	0.5%
Black Belt Energy Gas District	4.000%	06/01/2051	0.5%
State of Illinois	5.000%	11/01/2027	0.5%
Mission Economic Development Corp	4.625%	10/01/2031	0.5%
New York Transportation Development Corp	5.000%	01/01/2036	0.5%
State of Illinois	5.000%	11/01/2026	0.5%
State of New Jersey	5.000%	06/01/2026	0.5%
Tuscaloosa County Industrial Development Authority	4.500%	05/01/2032	0.5%
New York Transportation Development Corp	5.250%	08/01/2031	0.5%
New York Liberty Development Corp	5.150%	11/15/2034	0.5%
Public Finance Authority	4.000%	07/01/2036	0.5%
State of Hawaii Department of Budget & Finance	3.100%	05/01/2026	0.5%
Massachusetts Development Finance Agency	5.000%	07/01/2031	0.5%
Chicago Board of Education	5.000%	12/01/2031	0.4%
Hospitals & Higher Education Facilities Authority	5.000%	07/01/2029	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2034	0.4%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	5.000%	07/01/2035	0.4%
New Jersey Transportation Trust Fund Authority	4.000%	12/15/2031	0.4%
Commonwealth of Puerto Rico	5.250%	07/01/2024	0.4%
Parish of St James LA	5.850%	08/01/2041	0.4%
New York City Educational Construction Fund	5.000%	04/01/2027	0.4%
Florida Higher Educational Facilities Financial Au	4.500%	06/01/2033	0.4%
Kansas City Industrial Development Authority	5.000%	03/01/2031	0.4%
Commonwealth of Puerto Rico	5.750%	07/01/2028	0.4%
City of Coralville IA	4.000%	06/01/2031	0.4%
Village Community Development District No 13	3.550%	05/01/2039	0.4%
Chicago Board of Education	5.000%	12/01/2030	0.4%
Maryland Economic Development Corp	5.750%	09/01/2025	0.4%
TSASC Inc/NY	5.000%	06/01/2022	0.4%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2029	0.4%
Salem County Pollution Control Financing Authority	5.000%	12/01/2023	0.4%
Northern California Energy Authority	4.000%	07/01/2049	0.4%
Lower Colorado River Authority	5.000%	05/15/2026	0.4%
New Jersey Economic Development Authority	5.125%	09/15/2023	0.4%
New Jersey Transportation Trust Fund Authority	5.000%	12/15/2026	0.4%
Niagara Area Development Corp	3.500%	11/01/2024	0.4%
Tennessee Energy Acquisition Corp	5.000%	02/01/2027	0.4%
California Municipal Finance Authority	5.000%	12/31/2029	0.3%
Village Metropolitan District/The	4.150%	12/01/2030	0.3%
State of Illinois	5.000%	11/01/2029	0.3%
Fulton County Industrial Development Authority	4.000%	07/01/2028	0.3%
State of California	5.000%	12/01/2027	0.3%
New Jersey Economic Development Authority	5.000%	06/15/2023	0.3%
Parish of St James LA	6.100%	06/01/2038	0.3%
Port of Seattle Industrial Development Corp	5.000%	04/01/2030	0.3%
San Diego Association of Governments	1.800%	11/15/2027	0.3%
Indiana Finance Authority	4.125%	12/01/2026	0.3%
State of Illinois	5.000%	12/01/2026	0.3%
California Municipal Finance Authority	5.000%	11/01/2027	0.3%
Central Texas Regional Mobility Authority	5.000%	01/01/2027	0.3%
Arlington Higher Education Finance Corp	4.000%	06/15/2031	0.3%
City of Houston TX Airport System Revenue	5.000%	07/15/2027	0.3%
Clifton Higher Education Finance Corp	5.250%	08/15/2028	0.3%
New York Transportation Development Corp	2.250%	08/01/2026	0.3%
City of Philadelphia PA Airport Revenue	5.000%	07/01/2028	0.3%
County of Lowndes MS	6.800%	04/01/2022	0.3%
City & County of Denver CO	5.000%	10/01/2032	0.3%
State of Illinois	5.000%	10/01/2024	0.3%
Washington State Convention Center Public Faciliti	5.000%	07/01/2035	0.3%
Florida Development Finance Corp	5.000%	05/01/2029	0.3%
Tahoe-Douglas Visitors Authority	5.000%	07/01/2030	0.3%
New Hampshire Business Finance Authority	2.150%	07/01/2027	0.3%
City of Chicago IL	5.000%	01/01/2024	0.3%
Metropolitan Transportation Authority	5.000%	11/15/2029	0.3%
New York State Environmental Facilities Corp	3.125%	12/01/2044	0.3%
Berks County Industrial Development Authority	5.000%	11/01/2023	0.3%
Metropolitan Transportation Authority	5.000%	11/15/2030	0.3%
State of Illinois	5.000%	11/01/2028	0.3%
Metropolitan Transportation Authority	5.000%	09/01/2022	0.3%
New Jersey Economic Development Authority	5.000%	03/01/2030	0.3%
Columbia Industrial Development Board	0.100%	12/01/2037	0.3%
M-S-R Energy Authority	6.125%	11/01/2029	0.3%
Michigan Strategic Fund	4.000%	10/01/2061	0.3%
Metropolitan Transportation Authority	5.000%	11/15/2045	0.3%
Utah Charter School Finance Authority	4.500%	06/15/2027	0.3%
County of Nez Perce ID	2.750%	10/01/2024	0.2%
Delaware State Economic Development Authority	1.250%	10/01/2045	0.2%
Orlando Utilities Commission	1.250%	10/01/2046	0.2%
Polk County Industrial Development Authority	5.875%	01/01/2033	0.2%
Pennsylvania Economic Development Financing Author	9.000%	04/01/2051	0.2%
Ohio Air Quality Development Authority	3.250%	09/01/2029	0.2%
Luzerne County Industrial Development Authority	2.450%	12/01/2039	0.2%
Public Finance Authority	5.000%	12/01/2025	0.2%
Farmville Industrial Development Authority	5.000%	01/01/2031	0.2%
California Statewide Communities Development Autho	5.250%	12/01/2029	0.2%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	5.000%	07/01/2025	0.2%
New York City Industrial Development Agency	6.141%	03/01/2027	0.2%
New York State Dormitory Authority	5.000%	07/01/2027	0.2%
New York Transportation Development Corp	5.375%	08/01/2036	0.2%
California Municipal Finance Authority	5.000%	06/30/2029	0.2%
City of Houston TX Airport System Revenue	5.000%	07/15/2035	0.2%
Iowa Finance Authority	4.750%	08/01/2042	0.2%
Chicago Board of Education	6.750%	12/01/2030	0.2%
West Virginia Economic Development Authority	3.000%	06/01/2037	0.2%
Ohio Air Quality Development Authority	2.600%	06/01/2041	0.2%
Public Finance Authority	4.300%	11/01/2030	0.2%
Washington State Convention Center Public Faciliti	3.000%	07/01/2031	0.2%
Chicago Board of Education	4.000%	12/01/2027	0.2%
Phenix City Industrial Development Board	4.125%	05/15/2035	0.2%
County of Santa Barbara CA	5.000%	12/01/2027	0.2%
Indiana Finance Authority	3.000%	11/01/2030	0.2%
New York State Environmental Facilities Corp	2.750%	09/01/2050	0.2%
Texas Municipal Gas Acquisition and Supply Corp I	6.250%	12/15/2026	0.2%
Calhoun County Navigation Industrial Development A	3.625%	07/01/2026	0.2%
Hoover Industrial Development Board	6.375%	11/01/2050	0.2%
Puerto Rico Electric Power Authority	0.000%	07/01/2027	0.2%
City of New York NY	5.000%	08/01/2034	0.2%
South Carolina Jobs-Economic Development Authority	8.750%	07/01/2025	0.2%
Brooklyn Arena Local Development Corp	5.000%	07/15/2027	0.2%
Village Community Development District No 12	3.250%	05/01/2026	0.2%
California Municipal Finance Authority	0.700%	12/01/2044	0.2%
County of Frederick MD	5.000%	09/01/2027	0.2%
Kentucky Economic Development Finance Authority	5.000%	08/01/2030	0.2%
George L Smith II Congress Center Authority	3.625%	01/01/2031	0.2%
Ohio Higher Educational Facility Commission	2.963%	12/01/2022	0.2%
New York Liberty Development Corp	1.450%	11/15/2029	0.2%
New York Transportation Development Corp	5.000%	12/01/2027	0.2%
Puerto Rico Electric Power Authority	5.250%	07/01/2023	0.2%
New Hampshire Business Finance Authority	2.950%	04/01/2029	0.2%
City of Houston TX Airport System Revenue	4.750%	07/01/2024	0.2%
Capital Trust Agency Inc	5.000%	12/15/2035	0.2%
State of Illinois	5.000%	11/01/2025	0.2%
State of Illinois	5.000%	11/01/2025	0.2%
Allentown Neighborhood Improvement Zone Developmen	5.000%	05/01/2032	0.2%
Metropolitan Pier & Exposition Authority	5.500%	06/15/2029	0.2%
New Jersey Economic Development Authority	1.300%	09/01/2025	0.2%
Massachusetts Educational Financing Authority	5.000%	07/01/2025	0.2%
Development Authority Of The City Of Marietta	5.000%	11/01/2027	0.2%
County of Cuyahoga OH	5.000%	02/15/2030	0.2%
Florida Development Finance Corp	5.000%	08/01/2029	0.2%
City of Fruita CO Healthcare Revenue	5.375%	01/01/2033	0.2%
Port Authority of New York & New Jersey	3.000%	10/01/2028	0.2%
Vermont Economic Development Authority	4.625%	04/01/2036	0.2%
Allegheny County Industrial Development Authority	4.875%	11/01/2024	0.2%
Jefferson Parish Economic Development & Port Distr	4.800%	06/15/2029	0.2%
Public Finance Authority	6.500%	12/01/2037	0.2%
New York Transportation Development Corp	5.000%	01/01/2030	0.2%
Washington State Convention Center Public Faciliti	5.000%	07/01/2033	0.2%
Metropolitan Transportation Authority	5.000%	11/15/2031	0.2%
Puerto Rico Highway & Transportation Authority	6.485%	07/01/2028	0.2%
New Hampshire Business Finance Authority	5.000%	07/01/2031	0.2%
New Jersey Economic Development Authority	5.000%	03/01/2023	0.2%
City of Chicago IL	5.000%	01/01/2023	0.2%
City of Lenexa KS	5.000%	05/15/2024	0.2%
Allentown Neighborhood Improvement Zone Developmen	5.000%	05/01/2033	0.2%
New Jersey Economic Development Authority	5.000%	06/15/2025	0.2%
Central Texas Regional Mobility Authority	5.000%	01/01/2029	0.2%
Metropolitan Transportation Authority	5.000%	02/01/2023	0.2%
Oconee County Industrial Development Authority	5.500%	12/01/2028	0.2%
Central Texas Regional Mobility Authority	5.000%	01/01/2027	0.2%
Indiana Finance Authority	1.400%	08/01/2029	0.2%
Allentown Neighborhood Improvement Zone Developmen	5.000%	05/01/2028	0.2%
Washington State Convention Center Public Faciliti	5.000%	07/01/2032	0.2%
Delaware Valley Regional Finance Authority	2.000%	10/01/2029	0.2%
Idaho Health Facilities Authority	5.000%	09/01/2023	0.2%
Pennsylvania Higher Education Assistance Agency	5.000%	06/01/2027	0.2%
Chicago Board of Education	5.000%	12/01/2029	0.2%
City of Chicago IL	0.000%	01/01/2031	0.2%
City of Chicago IL	5.500%	01/01/2030	0.2%
Chicago Board of Education	5.000%	12/01/2033	0.2%
Northern Tobacco Securitization Corp	5.000%	06/01/2029	0.2%
Vermont Student Assistance Corp	4.000%	06/15/2029	0.2%
Illinois Sports Facilities Authority/The	5.000%	06/15/2030	0.2%
City of Sacramento CA Transient Occupancy Tax Reve	5.000%	06/01/2027	0.2%
Clifton Higher Education Finance Corp	5.250%	08/15/2026	0.2%
State of Illinois	5.375%	05/01/2023	0.2%
City of Philadelphia PA Airport Revenue	5.000%	06/15/2026	0.2%
Glendale Industrial Development Authority	5.000%	11/15/2023	0.2%
Regional Transportation District	5.000%	01/15/2028	0.2%
New Jersey Economic Development Authority	5.250%	09/15/2029	0.2%
State of Illinois	5.000%	03/01/2028	0.2%
Duluth Economic Development Authority	4.000%	07/01/2031	0.1%
Palomar Health	5.000%	11/01/2036	0.1%
Arlington Higher Education Finance Corp	4.375%	08/15/2026	0.1%
City of Rockport IN	3.050%	06/01/2025	0.1%
Gulf Coast Authority	1.500%	05/01/2028	0.1%
Port Authority of New York & New Jersey	4.000%	03/15/2030	0.1%
Arizona Industrial Development Authority	5.000%	07/01/2029	0.1%
New York Transportation Development Corp	5.000%	12/01/2028	0.1%
New York City Industrial Development Agency	6.121%	03/01/2025	0.1%
New York City Industrial Development Agency	5.000%	03/01/2030	0.1%
State of Illinois	5.000%	03/01/2029	0.1%
Industrial Development Authority of the City of Ph	2.950%	07/01/2026	0.1%
E-470 Public Highway Authority	0.384%	09/01/2039	0.1%
Norfolk Redevelopment & Housing Authority	4.000%	01/01/2025	0.1%
Daviess County School District Finance Corp	5.000%	12/01/2028	0.1%
Public Finance Authority	5.000%	01/01/2024	0.1%
Rampart Range Metropolitan District No 5	4.000%	12/01/2036	0.1%
Southeast Alabama Gas Supply District/The	4.000%	04/01/2049	0.1%
Rocky Mountain Rail Park Metropolitan District	5.000%	12/01/2031	0.1%
Vermont Student Assistance Corp	3.750%	06/15/2028	0.1%
Atlanta Development Authority/The	6.000%	01/01/2023	0.1%
Nassau County Tobacco Settlement Corp	5.250%	06/01/2026	0.1%
Chicago Board of Education	5.000%	12/01/2022	0.1%
Cleveland-Cuyahoga County Port Authority	5.000%	12/01/2028	0.1%
New Hampshire Business Finance Authority	4.000%	11/01/2027	0.1%
Puerto Rico Public Buildings Authority	6.000%	07/01/2023	0.1%
County of Cuyahoga OH	5.000%	02/15/2023	0.1%
Development Authority of Burke County/The	3.000%	11/01/2045	0.1%
New York City Housing Development Corp	0.950%	05/01/2027	0.1%
New York State Environmental Facilities Corp	2.875%	12/01/2044	0.1%
North Parkway Municipal Management District No 1	4.250%	09/15/2031	0.1%
Chicago Board of Education	5.000%	12/01/2029	0.1%
Fulton County Residential Care Facilities for the	3.000%	04/01/2024	0.1%
Oklahoma Development Finance Authority	5.000%	08/15/2024	0.1%
City of Houston TX Airport System Revenue	5.000%	07/01/2028	0.1%
County of Muskingum OH	4.000%	02/15/2023	0.1%
New York State Housing Finance Agency	1.450%	05/01/2029	0.1%
Village Community Development District No 13	2.625%	05/01/2030	0.1%
New York Transportation Development Corp	5.000%	12/01/2023	0.1%
New York Transportation Development Corp	5.000%	12/01/2026	0.1%
New Brunswick Parking Authority	5.000%	09/01/2028	0.1%
Chicago Board of Education	5.000%	12/01/2027	0.1%
Massachusetts Health & Educational Facilities Auth	0.903%	11/15/2032	0.1%
Chester County Health and Education Facilities Aut	4.250%	11/01/2032	0.1%
Development Authority Of Floyd County	5.750%	12/01/2033	0.1%
Jefferson County Civic Facility Development Corp	5.000%	11/01/2025	0.1%
Chicago Board of Education	5.000%	12/01/2030	0.1%
Mida Mountain Village Public Infrastructure Distri	4.000%	08/01/2027	0.1%
New York City Industrial Development Agency	6.131%	03/01/2026	0.1%
California Pollution Control Financing Authority	5.000%	11/21/2045	0.1%
Alabama Industrial Development Authority	6.450%	12/01/2023	0.1%
City of Houston TX Airport System Revenue	5.000%	07/15/2027	0.1%
City of Chicago IL	5.000%	01/01/2024	0.1%
Kentucky Public Energy Authority	4.000%	12/01/2050	0.1%
New York Transportation Development Corp	2.500%	10/31/2031	0.1%
County of Santa Barbara CA	5.000%	12/01/2028	0.1%
State of Illinois	3.500%	06/01/2031	0.1%
City of Brunswick MD	4.000%	07/01/2029	0.1%
City of Chicago IL	5.000%	01/01/2027	0.1%
Golden State Tobacco Securitization Corp	3.500%	06/01/2036	0.1%
Board of Managers Joint Guadalupe County-City of S	5.000%	12/01/2023	0.1%
California Statewide Communities Development Autho	5.000%	12/01/2025	0.1%
City of Oroville CA	5.000%	04/01/2026	0.1%
Regional Transportation District	5.000%	07/15/2029	0.1%
Illinois Sports Facilities Authority/The	5.000%	06/15/2028	0.1%
Chicago Board of Education	4.000%	12/01/2022	0.1%
City of Chicago IL	5.250%	01/01/2022	0.1%
Metropolitan Pier & Exposition Authority	5.000%	12/15/2022	0.1%
New York City Housing Development Corp	2.850%	11/01/2031	0.1%
Prichard Water Works & Sewer Board	2.375%	11/01/2028	0.1%
City of Sparks NV	2.750%	06/15/2028	0.1%
Regional Transportation District	5.000%	07/15/2030	0.1%
South Carolina Ports Authority	5.000%	07/01/2029	0.1%
County of Osceola FL Transportation Revenue	5.000%	10/01/2031	0.1%
Golden State Tobacco Securitization Corp	5.300%	06/01/2037	0.1%
Main Street Natural Gas Inc	4.000%	03/01/2050	0.1%
Minnesota Housing Finance Agency	3.000%	01/01/2051	0.1%
Pennsylvania Higher Education Assistance Agency	5.000%	06/01/2029	0.1%
Kirkwood Industrial Development Authority	5.250%	05/15/2028	0.1%
Public Finance Authority	5.000%	12/01/2027	0.1%
South Carolina Public Service Authority	5.000%	12/01/2031	0.1%
City of Coralville IA	4.500%	06/01/2032	0.1%
City of International Falls MN	5.500%	04/01/2023	0.1%
California Statewide Communities Development Autho	5.000%	12/01/2026	0.1%
City of Coralville IA	5.000%	05/01/2030	0.1%
City of New Orleans LA Sewerage Service Revenue	5.000%	06/01/2028	0.1%
Illinois Sports Facilities Authority/The	5.000%	06/15/2029	0.1%
Louisiana Local Government Environmental Facilitie	2.000%	06/01/2030	0.1%
City of Whiting IN	5.000%	11/01/2045	0.1%
Norman Y Mineta San Jose International Airport SJC	5.000%	03/01/2029	0.1%
Public Finance Authority	4.000%	12/01/2031	0.1%
Academical Village Community Development District	2.875%	05/01/2025	0.1%
Allentown Neighborhood Improvement Zone Developmen	6.000%	05/01/2042	0.1%
Chicago Board of Education	4.000%	12/01/2022	0.1%
Chicago Board of Education	5.000%	12/01/2027	0.1%
American Samoa Economic Development Authority	6.500%	09/01/2028	0.1%
Bucks County Industrial Development Authority	5.000%	07/01/2025	0.1%
City of Houston TX Airport System Revenue	5.000%	07/01/2027	0.1%
New York Transportation Development Corp	5.000%	07/01/2030	0.1%
South Carolina Public Service Authority	5.000%	12/01/2031	0.1%
California Municipal Finance Authority	5.000%	12/31/2035	0.1%
Maryland Economic Development Corp	3.250%	09/01/2030	0.1%
Palomar Health	5.000%	11/01/2028	0.1%
Port Beaumont Navigation District	2.625%	01/01/2031	0.1%
Village of Arlington Heights IL	4.000%	12/01/2028	0.1%
Main Street Natural Gas Inc	5.000%	05/15/2026	0.1%
Metropolitan Pier & Exposition Authority	0.000%	06/15/2028	0.1%
Michigan Strategic Fund	5.000%	06/30/2030	0.1%
Ohio Air Quality Development Authority	1.500%	02/01/2026	0.1%
California Statewide Communities Development Autho	5.000%	12/01/2029	0.1%
California Statewide Communities Development Autho	5.000%	12/01/2031	0.1%
Industrial Development Authority of the City of St	3.875%	11/15/2029	0.1%
Iowa Finance Authority	3.125%	12/01/2022	0.1%
Kentucky State Property & Building Commission	5.000%	11/01/2024	0.1%
Waldwick School District	2.000%	07/15/2029	0.1%
City of Chicago IL	5.250%	01/01/2028	0.1%
Connecticut State Health & Educational Facilities	5.000%	07/01/2029	0.1%
Waldwick School District	2.000%	07/15/2028	0.1%
Metropolitan Transportation Authority	4.000%	02/01/2022	0.1%
Northern Tobacco Securitization Corp	5.000%	06/01/2030	0.1%
Charlotte County Industrial Development Authority/	5.000%	10/01/2029	0.1%
Illinois Finance Authority	4.000%	10/01/2031	0.1%
New Jersey Transportation Trust Fund Authority	5.000%	12/15/2023	0.1%
New York Transportation Development Corp	5.000%	01/01/2023	0.1%
Public Finance Authority	5.000%	07/01/2042	0.1%
Waldwick School District	2.000%	07/15/2027	0.1%
California Statewide Communities Development Autho	5.000%	12/01/2028	0.1%
New York Transportation Development Corp	5.000%	01/01/2024	0.1%
Public Authority for Colorado Energy	6.125%	11/15/2023	0.1%
Southeastern Ohio Port Authority	5.500%	12/01/2029	0.1%
Mida Mountain Village Public Infrastructure Distri	4.000%	08/01/2029	0.1%
Mida Mountain Village Public Infrastructure Distri	4.000%	08/01/2031	0.1%
New York City Industrial Development Agency	5.000%	07/01/2022	0.1%
Washington State Convention Center Public Faciliti	4.000%	07/01/2030	0.1%
Hospitals & Higher Education Facilities Authority	5.000%	07/01/2023	0.1%
Vermont Student Assistance Corp	4.000%	06/15/2030	0.1%
Capital Trust Agency Inc	4.000%	06/15/2029	0.1%
Clarion County Industrial Development Authority	2.450%	12/01/2039	0.1%
Main Street Natural Gas Inc	5.000%	03/15/2022	0.1%
Mida Mountain Village Public Infrastructure Distri	4.000%	08/01/2025	0.1%
New York City Housing Development Corp	1.450%	11/01/2029	0.1%
Industrial Development Authority of the City of Ph	5.000%	07/01/2026	0.1%
Metropolitan Pier & Exposition Authority	3.000%	06/15/2025	0.1%
New Jersey Housing & Mortgage Finance Agency	4.500%	10/01/2048	0.1%
River Islands Public Financing Authority	5.375%	09/01/2031	0.1%
New York City Industrial Development Agency	5.000%	03/01/2028	0.1%
City of Oroville CA	5.000%	04/01/2029	0.1%
Industrial Development Authority of the County of	3.500%	07/01/2025	0.1%
Metropolitan Pier & Exposition Authority	3.000%	06/15/2024	0.1%
New Hampshire Business Finance Authority	2.800%	10/01/2033	0.1%
New York City Industrial Development Agency	5.000%	07/01/2028	0.1%
West Villages Improvement District	4.250%	05/01/2029	0.1%
Berks County Municipal Authority/The	5.000%	02/01/2032	0.1%
Bucks County Industrial Development Authority	2.750%	12/01/2022	0.1%
Development Authority Of Floyd County	5.500%	12/01/2028	0.1%
Amelia County Industrial Development Authority	1.450%	04/01/2027	0.1%
City of Atlantic Beach FL	3.000%	11/15/2023	0.1%
New York Transportation Development Corp	5.000%	08/01/2026	0.1%
Delaware State Economic Development Authority	1.250%	10/01/2040	0.1%
New York City Housing Development Corp	1.000%	11/01/2027	0.1%
Arkansas Development Finance Authority	3.000%	07/01/2032	0.1%
California Housing Finance	4.000%	03/20/2033	0.1%
Chicago Board of Education	0.000%	12/01/2025	0.1%
Territory of Guam	5.000%	01/01/2030	0.1%
Foothill-Eastern Transportation Corridor Agency	5.000%	01/15/2029	0.1%
Regional Transportation District	5.000%	07/15/2025	0.1%
Connecticut State Health & Educational Facilities	5.000%	07/01/2032	0.1%
Kentucky Municipal Power Agency	3.450%	09/01/2042	0.1%
California Municipal Finance Authority	5.000%	08/01/2024	0.1%
City of San Buenaventura CA	8.000%	12/01/2026	0.1%
Maryland Economic Development Corp	0.000%	12/01/2031	0.1%
New Jersey Transportation Trust Fund Authority	0.000%	12/15/2031	0.1%
New York Transportation Development Corp	4.000%	07/01/2032	0.1%
Foothill-Eastern Transportation Corridor Agency	5.000%	01/15/2031	0.1%
Greater Orlando Aviation Authority	5.000%	10/01/2024	0.1%
Illinois Finance Authority	5.000%	09/01/2026	0.1%
Palomar Health	5.000%	11/01/2031	0.1%
City of Houston TX Airport System Revenue	5.000%	07/01/2027	0.1%
Matagorda County Navigation District No 1	2.600%	11/01/2029	0.1%
Northern Palm Beach County Improvement District	5.000%	08/01/2037	0.1%
Educational Enhancement Funding Corp	5.000%	06/01/2024	0.1%
Commonwealth Financing Authority	5.000%	06/01/2023	0.1%
Kirkwood Industrial Development Authority	5.000%	05/15/2022	0.1%
New Jersey Health Care Facilities Financing Author	5.750%	07/01/2037	0.1%
South Carolina Jobs-Economic Development Authority	5.000%	11/01/2023	0.1%
Capital Trust Agency Inc	5.000%	12/15/2029	0.1%
Idaho Health Facilities Authority	5.000%	09/01/2029	0.1%
Academical Village Community Development District	3.250%	05/01/2031	0.1%
California Municipal Finance Authority	5.000%	12/31/2027	0.1%
California Statewide Communities Development Autho	3.000%	06/01/2029	0.1%
New York Transportation Development Corp	5.000%	01/01/2028	0.1%
Port Beaumont Navigation District	2.250%	01/01/2029	0.1%
Port Beaumont Navigation District	2.500%	01/01/2030	0.1%
Build NYC Resource Corp	4.000%	12/01/2031	0.1%
County of Warren MS	2.900%	09/01/2032	0.1%
Capital Trust Agency Inc	5.000%	12/15/2028	0.1%
Illinois Finance Authority	4.000%	10/01/2032	0.1%
New York State Housing Finance Agency	1.250%	11/01/2028	0.1%
West Virginia Economic Development Authority	2.625%	12/01/2042	0.1%
Regional Transportation District	5.000%	01/15/2029	0.1%
Capital Trust Agency Inc	5.000%	12/15/2027	0.1%
South Carolina Jobs-Economic Development Authority	5.000%	11/01/2022	0.1%
Village Community Development District No 13	2.550%	05/01/2031	0.1%
Illinois Sports Facilities Authority/The	5.000%	06/15/2031	0.1%
Ohio Air Quality Development Authority	2.875%	02/01/2026	0.1%
Peninsula Town Center Community Development Author	4.500%	09/01/2028	0.1%
City & County of San Francisco CA Special Tax Dist	4.000%	09/01/2031	0.1%
Port Beaumont Navigation District	1.875%	01/01/2026	0.1%
Roanoke Economic Development Authority	4.300%	09/01/2030	0.1%
Tahoe-Douglas Visitors Authority	4.000%	07/01/2027	0.1%
City of Brunswick MD	3.000%	07/01/2024	0.1%
Illinois Finance Authority	4.000%	10/01/2030	0.1%
Alabama Industrial Development Authority	6.450%	12/01/2023	0.1%
Build NYC Resource Corp	2.500%	06/15/2031	0.1%
City of San Buenaventura CA	8.000%	12/01/2031	0.1%
Illinois Finance Authority	5.000%	09/01/2025	0.1%
New York State Dormitory Authority	5.000%	11/01/2021	0.1%
Washington State Convention Center Public Faciliti	5.000%	07/01/2034	0.1%
South Carolina Jobs-Economic Development Authority	5.000%	11/01/2021	0.1%
City of New Haven CT	5.000%	08/01/2025	0.1%
Westerly Metropolitan District No 4	4.125%	12/01/2031	0.1%
Chester County Health and Education Facilities Aut	5.000%	11/01/2022	0.1%
Illinois Finance Authority	4.000%	10/01/2028	0.1%
Tobacco Settlement Financing Corp	3.200%	06/01/2027	0.1%
New Jersey Economic Development Authority	5.250%	01/01/2025	0.1%
Golden State Tobacco Securitization Corp	5.000%	06/01/2028	0.1%
Illinois Sports Facilities Authority/The	5.000%	06/15/2032	0.1%
New York Transportation Development Corp	4.000%	10/31/2034	0.1%
New York Transportation Development Corp	5.000%	01/01/2022	0.1%
County of Cuyahoga OH	5.000%	02/15/2028	0.1%
Gloucester County Improvement Authority/The	0.600%	03/01/2024	0.1%
Matagorda County Navigation District No 1	4.400%	05/01/2030	0.1%
Montgomery County Housing Opportunities Commission	4.000%	07/01/2048	0.1%
New York State Dormitory Authority	5.000%	09/01/2028	0.1%
Village Community Development District No 13	1.800%	05/01/2026	0.1%
Brighton Crossing Metropolitan District No 6	5.000%	12/01/2035	0.0%
California Municipal Finance Authority	5.000%	03/01/2025	0.0%
City of Sacramento CA Transient Occupancy Tax Reve	5.000%	06/01/2026	0.0%
Florida Development Finance Corp	4.000%	07/15/2026	0.0%
Oklahoma Development Finance Authority	5.000%	08/15/2029	0.0%
Allentown Neighborhood Improvement Zone Developmen	5.000%	05/01/2022	0.0%
City of Sacramento CA Transient Occupancy Tax Reve	5.000%	06/01/2025	0.0%
County of Osceola FL Transportation Revenue	5.000%	10/01/2029	0.0%
Franklin County Industrial Development Authority/P	5.000%	12/01/2026	0.0%
New York State Dormitory Authority	5.000%	09/01/2028	0.0%
Port Beaumont Navigation District	2.125%	01/01/2028	0.0%
City of Sacramento CA Transient Occupancy Tax Reve	5.000%	06/01/2023	0.0%
Fort Bend County Industrial Development Corp	4.750%	05/01/2038	0.0%
Illinois Finance Authority	5.000%	09/01/2024	0.0%
Maricopa County Industrial Development Authority	4.000%	07/01/2029	0.0%
Parish of St Charles LA	4.000%	12/01/2040	0.0%
Parish of St John the Baptist LA	2.125%	06/01/2037	0.0%
West Villages Improvement District	4.000%	05/01/2024	0.0%
Port Beaumont Navigation District	2.000%	01/01/2027	0.0%
Utah Charter School Finance Authority	3.250%	06/15/2031	0.0%
Arizona Industrial Development Authority	5.000%	07/01/2026	0.0%
Massachusetts Development Finance Agency	5.000%	01/01/2024	0.0%
Aviation Station North Metropolitan District No 2	4.000%	12/01/2029	0.0%
Illinois Finance Authority	5.000%	09/01/2023	0.0%
New Jersey Economic Development Authority	1.600%	09/01/2027	0.0%
Greater Orlando Aviation Authority	5.000%	10/01/2024	0.0%
Indiana Finance Authority	3.000%	11/01/2030	0.0%
New York State Dormitory Authority	5.000%	12/01/2022	0.0%
North Carolina Housing Finance Agency	4.000%	07/01/2047	0.0%
Public Finance Authority	5.000%	06/01/2026	0.0%
Foothill-Eastern Transportation Corridor Agency	5.000%	01/15/2028	0.0%
North Parkway Municipal Management District No 1	3.625%	09/15/2026	0.0%
Arizona Industrial Development Authority	4.000%	07/01/2029	0.0%
Celebration Pointe Community Development District	3.000%	05/01/2031	0.0%
Florida Development Finance Corp	4.000%	09/15/2030	0.0%
Industrial Development Authority of the County of	4.000%	06/15/2022	0.0%
City of Sacramento CA Transient Occupancy Tax Reve	5.000%	06/01/2024	0.0%
County of Berkeley SC	4.000%	11/01/2030	0.0%
Maricopa County Industrial Development Authority	5.125%	10/01/2030	0.0%
Montgomery County Higher Education and Health Auth	0.913%	11/15/2034	0.0%
New Hope Cultural Education Facilities Finance Cor	4.000%	01/01/2029	0.0%
Pennsylvania Housing Finance Agency	4.000%	04/01/2039	0.0%
Capital Trust Agency Inc	5.000%	12/15/2029	0.0%
Plaza at Noah's Ark Community Improvement District	3.000%	05/01/2025	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2031	0.0%
Scranton Redevelopment Authority	5.000%	11/15/2021	0.0%
Arizona Industrial Development Authority	4.000%	07/01/2029	0.0%
Board of Managers Joint Guadalupe County-City of S	4.000%	12/01/2026	0.0%
Parish of St John the Baptist LA	2.375%	06/01/2037	0.0%
Duluth Economic Development Authority	3.000%	07/01/2023	0.0%
Prichard Water Works & Sewer Board	2.250%	11/01/2027	0.0%
Wisconsin Health & Educational Facilities Authorit	5.000%	11/01/2027	0.0%
Duluth Economic Development Authority	3.000%	07/01/2025	0.0%
Golden State Tobacco Securitization Corp	5.000%	06/01/2047	0.0%
Love Field Airport Modernization Corp	5.000%	11/01/2028	0.0%
Ohio Air Quality Development Authority	3.750%	01/15/2028	0.0%
Capital Trust Agency Inc	4.000%	12/15/2024	0.0%
Capital Trust Agency Inc	4.000%	12/15/2024	0.0%
Glendale Industrial Development Authority	4.000%	11/15/2027	0.0%
Wisconsin Health & Educational Facilities Authorit	5.000%	11/01/2026	0.0%
Capital Trust Agency Inc	4.000%	12/15/2023	0.0%
Arlington Higher Education Finance Corp	4.000%	08/15/2031	0.0%
Duluth Economic Development Authority	3.000%	07/01/2026	0.0%
Casino Reinvestment Development Authority Inc	5.000%	11/01/2022	0.0%
Foothill-Eastern Transportation Corridor Agency	5.000%	01/15/2030	0.0%
County of Cook IL	5.000%	11/15/2022	0.0%
Chester County Industrial Development Authority	3.700%	10/15/2022	0.0%
Capital Trust Agency Inc	5.000%	12/15/2026	0.0%
Commonwealth of Pennsylvania	5.000%	07/01/2024	0.0%
Village Community Development District No 12	3.250%	05/01/2023	0.0%
Capital Trust Agency Inc	4.000%	12/15/2025	0.0%
Maricopa County Industrial Development Authority	5.000%	10/01/2026	0.0%
Plaza at Noah's Ark Community Improvement District	3.000%	05/01/2023	0.0%
California Pollution Control Financing Authority	5.000%	07/01/2029	0.0%
Celebration Pointe Community Development District	2.375%	05/01/2026	0.0%
Commonwealth of Puerto Rico	4.500%	07/01/2023	0.0%
Love Field Airport Modernization Corp	5.000%	11/01/2022	0.0%
Territory of Guam	5.000%	01/01/2028	0.0%
Main Street Natural Gas Inc	5.000%	09/01/2025	0.0%
Metropolitan Pier & Exposition Authority	5.500%	12/15/2023	0.0%
Plaza at Noah's Ark Community Improvement District	3.000%	05/01/2026	0.0%
Downtown Doral South Community Development Distric	4.250%	12/15/2028	0.0%
Wisconsin Health & Educational Facilities Authorit	3.500%	08/01/2022	0.0%
Board of Managers Joint Guadalupe County-City of S	5.000%	12/01/2022	0.0%
Florida Development Finance Corp	5.000%	06/15/2025	0.0%
Public Finance Authority	3.000%	12/01/2026	0.0%
Puerto Rico Public Buildings Authority	5.500%	07/01/2027	0.0%
Salt Verde Financial Corp	5.250%	12/01/2023	0.0%
Scranton Redevelopment Authority	5.000%	11/15/2028	0.0%
City of Atlantic City NJ	5.000%	03/01/2022	0.0%
Montgomery County Industrial Development Authority	5.000%	01/15/2022	0.0%
New York State Dormitory Authority	4.000%	05/01/2022	0.0%
Tulsa County Industrial Authority	5.000%	11/15/2023	0.0%
Wisconsin Health & Educational Facilities Authorit	4.375%	08/01/2027	0.0%
New Hope Cultural Education Facilities Finance Cor	3.000%	01/01/2024	0.0%
Philadelphia Authority for Industrial Development	5.000%	07/01/2031	0.0%
School District of Philadelphia/The	5.000%	09/01/2025	0.0%
New York State Dormitory Authority	5.000%	12/01/2022	0.0%
City of Chicago IL	4.000%	01/01/2022	0.0%
City of San Diego Tobacco Settlement Revenue Fundi	4.000%	06/01/2032	0.0%
City of Valparaiso IN	5.875%	01/01/2024	0.0%
Northern Palm Beach County Improvement District	3.250%	08/01/2022	0.0%
Ohio Water Development Authority	6.600%	05/01/2029	0.0%
California School Finance Authority	5.000%	08/01/2027	0.0%
California School Finance Authority	5.000%	08/01/2026	0.0%
New York State Dormitory Authority	4.000%	11/01/2025	0.0%
Southeastern Ohio Port Authority	5.000%	12/01/2022	0.0%
California School Finance Authority	5.000%	08/01/2025	0.0%
New York State Dormitory Authority	4.000%	11/01/2026	0.0%
City of North Las Vegas NV	3.750%	06/01/2025	0.0%
Downtown Doral South Community Development Distric	3.875%	12/15/2023	0.0%
Allentown Neighborhood Improvement Zone Developmen	5.000%	05/01/2023	0.0%
Peninsula Town Center Community Development Author	4.000%	09/01/2023	0.0%
Puerto Rico Electric Power Authority	5.000%	07/01/2024	0.0%
Chicago Board of Education	7.000%	12/01/2026	0.0%
City of North Las Vegas NV	3.500%	06/01/2024	0.0%
City of Valparaiso IN	7.000%	01/01/2044	0.0%
Hospital Facilities Authority of Multnomah County	5.000%	10/01/2024	0.0%
Houston Higher Education Finance Corp	4.000%	02/15/2022	0.0%
Illinois Finance Authority	3.250%	02/15/2022	0.0%
California Statewide Communities Development Autho	5.750%	07/01/2024	0.0%
Foothill-Eastern Transportation Corridor Agency	5.000%	01/15/2027	0.0%
California Municipal Finance Authority	5.000%	08/01/2027	0.0%
City & County of San Francisco CA Special Tax Dist	4.000%	09/01/2026	0.0%
City of North Las Vegas NV	3.500%	06/01/2023	0.0%
City of Sparks NV	2.500%	06/15/2024	0.0%
Greater Orlando Aviation Authority	5.000%	11/15/2026	0.0%
Illinois Finance Authority	5.000%	05/15/2025	0.0%
New York State Dormitory Authority	5.250%	01/01/2034	0.0%
Southeastern Ohio Port Authority	5.000%	12/01/2023	0.0%
Celebration Pointe Community Development District	4.000%	05/01/2022	0.0%
Florence Town Inc Industrial Development Authority	5.000%	07/01/2023	0.0%
King County Public Hospital District No 4	5.000%	12/01/2025	0.0%
Public Finance Authority	5.000%	07/01/2022	0.0%
Public Finance Authority	5.000%	07/01/2022	0.0%
City of Blaine MN	5.125%	07/01/2025	0.0%
Clifton Higher Education Finance Corp	4.625%	08/15/2025	0.0%
Puerto Rico Public Buildings Authority	5.500%	07/01/2023	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	5.000%	07/01/2058	0.0%
Southlands Metropolitan District No 1	3.000%	12/01/2022	0.0%
Metropolitan Pier & Exposition Authority	5.500%	12/15/2023	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2033	0.0%
California Statewide Communities Development Autho	0.000%	07/01/2022	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.750%	07/01/2053	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.329%	07/01/2040	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2051	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.550%	07/01/2040	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.536%	07/01/2053	0.0%
TYZ1 - Futures	0.000%	01/01/1900	0.0%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 12/06/2021: $0.280
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	11/30/2021	$0.02278	$15.90
Daily	Daily	10/31/2021	$0.02175	$15.81
Daily	Daily	09/30/2021	$0.02294	$15.88
Daily	Daily	08/31/2021	$0.02224	$16.02
Daily	Daily	07/31/2021	$0.02302	$16.08
Daily	Daily	06/30/2021	$0.02555	$15.98
Daily	Daily	05/31/2021	$0.02570	$15.90
Daily	Daily	04/30/2021	$0.02740	$15.84
Daily	Daily	03/31/2021	$0.02703	$15.72
Daily	Daily	02/28/2021	$0.03022	$15.67
Daily	Daily	01/31/2021	$0.03166	$15.83

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	12/31/2021

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/19/2017	12/20/2017	$0.0023	-	$0.0023	$15.14

Taxed as ordinary income

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

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/21/2021	12/22/2021

Fees & Expenses

Sales Charge Schedule as of 12/06/2021

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$16.28
$100,000 to $249,999	1.75%	1.50%	$16.19
$250,000 to $499,999	0.00%	1.00%	$15.91
$500,000 to $999,999	0.00%	1.00%	$15.91
$1,000,000 to $5,000,000	0.00%	1.00%	$15.91

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 Click here.

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 11/30/2021

Expense ratio details, Click here.

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
n/a	Prospectus (XBRL) Publish Date:11/03/2015
	SAI Publish Date:11/03/2015
	Annual Report 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
	Fund Story 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 Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

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

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

A taxable-equivalent yield is the return that is required on a taxable investment to make it equal to the return on a tax-exempt investment. It does not take into account the effect of the alternative minimum tax (AMT) or any federal or state taxes. Tax-equivalent yield will vary based on an investor's tax bracket. Income from municipal bonds may be subject to the alternative minimum tax. Federal, state and local taxes may apply.

IMPORTANT INFORMATION

New Fund Risk: The Fund is newly organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investment strategy. Diversification does not guarantee a profit or protect against loss in declining markets.

A Note about Risk: The Fund invests substantially in lower rated municipal bonds (commonly referred to as “below investment grade”, “high yield” or “junk bonds”). High-yield securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. High-yield municipal bonds are subject to greater risk of loss of income and principal than higher-rated securities, and are likely to be more sensitive to adverse economic changes or individual municipal developments than those of higher-rated securities. The Fund concentrates on high yield municipal bonds with shorter maturities and durations, which carry heightened credit risk, liquidity risk and potential for default. In addition, because the Fund is nondiversified, it will be more exposed to risks from a single adverse economic, political, or regulatory event than a diversified fund. 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 derivatives, which are subject to greater liquidity, leverage, and counterparty risk. The Fund may invest in Puerto Rico and other U.S. territories, commonwealths, 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. These factors can affect Fund performance. The fund performance history at this time is very limited; therefore, performance achieved during its initial period of investment operation may not be replicated over longer periods and may not be indicative of how the Fund will perform in the future. Past performance is no guarantee of future results.

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.

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

The Bloomberg 1-8 Year Municipal Bond Index is the 1-8 year component of the Bloomberg Municipal Bond index. The Bloomberg Municipal Bond Index is a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market. The index is a broad measure of the municipal bond market with maturities of at least one year. Bonds must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million.

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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Securing a sustainable future forour clients, our people, and our world. Inspired by our mission, we are committed to creating long-term financial security for our clients, empowering our people, advancing our communities, and ensuring a vibrant future for our planet.

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Summary

Summary

What is the Short Duration High Income Municipal Bond Fund?

The Fund seeks to deliver a high level of income exempt from federal income tax by investing primarily in short duration high-yield municipal bonds.

ATTRACTIVE INCOME

LOWER DURATION

PORTFOLIO DIVERSIFICATION

Yield

Dividend Yield 1 as of 12/06/2021

30-Day Standardized Yield 2 as of 10/31/2021

Fund Basicsas of 10/29/2021

Expense Ratioas of 11/30/2021

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

RELATED CONTENT

CREDIT QUALITY DISTRIBUTION as of 10/29/2021

INVESTMENT TEAM

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 12/06/2021

30-Day Standardized Yield 2 as of 10/31/2021

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

Fund Expense Ratio :

Gross 0.78%

Net 0.70%

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

NAV Historical Prices

Portfolio

Portfolio

CREDIT QUALITY DISTRIBUTION as of 10/29/2021

Securing a sustainable future for
our clients, our people, and our world.

Inspired by our mission, we are committed to creating long-term financial security for our clients, empowering our people, advancing our communities, and ensuring a vibrant future for our planet.

Dividend Yield ¹ as of 12/06/2021

30-Day Standardized Yield ² as of 10/31/2021

Dividend Yield ¹ as of 12/06/2021

30-Day Standardized Yield ² as of 10/31/2021

Portfolio Positioning
as of 09/30/2021