Short Duration Tax Free Fund
Daily price w/o sales charge as of 05/10/2024
$15.01
$0.00
YTD Returns w/o sales charge as of 05/10/2024
0.62%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.06% | 3.05% |
Average Yield to Worst as of 03/28/2024 |
4.07% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.
Fund Basicsas of 03/28/2024
- Total Net Assets
- $1.55 B
- Inception Date
- 12/31/2008
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.66%
- Fund Net Expense Ratio
- 0.65%
- Number of Holdings
- 272
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 0.21% | 2.53% | -0.32% | 0.74% | 0.88% | 1.54% |
Lipper Category Avg. Short Municipal Debt Funds | 0.29% | 2.84% | 0.50% | 1.00% | 0.89% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | -0.54% | 2.07% | -0.06% | 1.04% | 1.19% | 1.70% |
w/ sales charge | -2.06% | 0.19% | -1.08% | 0.29% | 0.65% | 1.38% |
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 0.37% | 2.46% | -0.16% | 0.81% | 0.93% | 1.55% |
Lipper Category Avg. Short Municipal Debt Funds | 0.39% | 2.86% | 0.60% | 1.05% | 0.93% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | -0.19% | 1.99% | 0.13% | 1.11% | 1.25% | 1.74% |
w/ sales charge | -1.91% | 0.13% | -0.92% | 0.35% | 0.70% | 1.40% |
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
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.
Sector | Assets |
---|---|
VRDN | |
IDR/PCR | |
Healthcare/Hospital | |
GO Local | |
Power | |
Special Tax | |
GO State | |
Housing | |
Other | |
Lease | |
Water & Sewer | |
Transportation | |
Education | |
Pre-Refunded |
The Fund's portfolio is actively managed and is subject to change.
Maturity | Assets |
---|---|
<1 Year | |
1-2 Years | |
2-4 Years | |
4-6 Years | |
>6 Years |
The Fund's portfolio is actively managed and is subject to change.
CREDIT QUALITY DISTRIBUTION as of 03/28/2024
Rating | Assets |
---|---|
A-1/MIG1 | |
A-3/MIG3 | |
AAA | |
AA | |
A | |
BBB | |
< BBB | |
Not Rated |
Ratings provided by Standard & Poor's, Moody's, and Fitch. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. 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
Contact a Representative
To contact your representative, enter your zip code and select your channel below.
Performance
Performance
Average Yield to Worst as of 03/28/2024
30-Day Standardized Yield 1 as of 04/30/2024
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.06% | 3.05% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 0.21% | 2.53% | -0.32% | 0.74% | 0.88% | 1.54% |
Lipper Category Avg. Short Municipal Debt Funds | 0.29% | 2.84% | 0.50% | 1.00% | 0.89% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | -0.54% | 2.07% | -0.06% | 1.04% | 1.19% | 1.70% |
w/ sales charge | -2.06% | 0.19% | -1.08% | 0.29% | 0.65% | 1.38% |
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 0.37% | 2.46% | -0.16% | 0.81% | 0.93% | 1.55% |
Lipper Category Avg. Short Municipal Debt Funds | 0.39% | 2.86% | 0.60% | 1.05% | 0.93% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | -0.19% | 1.99% | 0.13% | 1.11% | 1.25% | 1.74% |
w/ sales charge | -1.91% | 0.13% | -0.92% | 0.35% | 0.70% | 1.40% |
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
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.
Year | Fund Returns | Bloomberg Municipal Bond Short 1-5 Year Index |
---|
2023 | 3.19% | 3.58% |
2022 | -4.18% | -3.17% |
2021 | 0.29% | 0.37% |
2020 | 2.03% | 2.82% |
2019 | 4.06% | 3.66% |
2018 | 1.10% | 1.77% |
2017 | 1.64% | 1.61% |
2016 | -0.66% | 0.07% |
2015 | 0.71% | 1.21% |
2014 | 1.58% | 1.31% |
2013 | 0.02% | - |
2012 | 2.16% | - |
2011 | 3.46% | - |
2010 | 2.17% | - |
2009 | 6.14% | - |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | 0.37% | - | - | - |
2023 | 1.08% | 0.03% | -0.42% | 2.49% |
2022 | -3.40% | -0.92% | -1.45% | 1.60% |
2021 | 0.00% | 0.54% | -0.25% | 0.00% |
2020 | -1.67% | 1.86% | 0.96% | 0.91% |
2019 | 1.51% | 1.24% | 0.71% | 0.55% |
2018 | -0.13% | 0.51% | 0.08% | 0.63% |
2017 | 0.92% | 0.73% | 0.40% | -0.42% |
2016 | 0.52% | 0.60% | 0.01% | -1.77% |
2015 | 0.31% | -0.25% | 0.52% | 0.14% |
2014 | 0.57% | 0.56% | 0.39% | 0.06% |
2013 | 0.54% | -1.01% | 0.17% | 0.32% |
2012 | 0.75% | 0.64% | 0.74% | 0.02% |
2011 | 0.53% | 1.42% | 0.97% | 0.50% |
2010 | 0.49% | 0.95% | 1.36% | -0.63% |
2009 | 2.36% | 0.99% | 2.26% | 0.41% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 04/30/2024
The chart begins on the Fund's inception date of 12/31/2008.
Based on a hypothetical Class A share investment of $10,000 on 12/31/2008 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Sector | Assets |
---|---|
VRDN | |
IDR/PCR | |
Healthcare/Hospital | |
GO Local | |
Power | |
Special Tax | |
GO State | |
Housing | |
Other | |
Lease | |
Water & Sewer | |
Transportation | |
Education | |
Pre-Refunded |
The Fund's portfolio is actively managed and is subject to change.
Maturity | Assets |
---|---|
<1 Year | |
1-2 Years | |
2-4 Years | |
4-6 Years | |
>6 Years |
The Fund's portfolio is actively managed and is subject to change.
State | Assets |
---|---|
NY | |
IL | |
TX | |
AL | |
NJ | |
FL | |
PA | |
CA | |
LA | |
WI | |
GA | |
OH | |
WA | |
SC | |
DE | |
MO | |
NE | |
CO | |
MD | |
MN | |
NC | |
KY | |
DC | |
TN | |
AZ | |
ID | |
NM | |
WV | |
UT | |
IN | |
VA | |
SD | |
CT | |
OR | |
KS | |
ND | |
MI | |
MA | |
Other U.S. Territories | |
OK | |
NV |
CREDIT QUALITY DISTRIBUTION as of 03/28/2024
Rating | Assets |
---|---|
A-1/MIG1 | |
A-3/MIG3 | |
AAA | |
AA | |
A | |
BBB | |
< BBB | |
Not Rated |
Ratings provided by Standard & Poor's, Moody's, and Fitch. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. 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.
Portfolio Details as of 03/28/2024
- Total Net Assets
- $1.55 B
- Average Effective Duration
- 2.1 Years
- Average Effective Maturity
- 3.8 Years
- Number of Issues
- 272
- Average Yield to Worst
- 4.07%
To view definitions for the above Portfolio Details, Click here.
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.
Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.
Holding | Coupon | Maturity | Assets |
---|
Tender Option Bond Trust Receipts/Certificates | 3.820% | 04/04/2024 | 2.3% |
Wisconsin Health & Educational Facilities Authorit | 5.490% | 04/01/2024 | 1.7% |
City Of New York Ny | 4.450% | 04/01/2024 | 1.7% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 08/28/2025 | 1.7% |
Tender Option Bond Trust Receipts/Certificates | 3.820% | 04/04/2024 | 1.6% |
Lower Colorado River Authority | 5.000% | 05/08/2039 | 1.4% |
Central Plains Energy Project | 5.738% | 07/01/2029 | 1.3% |
Harris County Cultural Education Facilities Financ | 4.150% | 04/04/2024 | 1.3% |
Main Street Natural Gas Inc | 4.000% | 11/01/2027 | 1.3% |
Rib Floater Trust Various States | 3.800% | 04/04/2024 | 1.3% |
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 of03/28/2024
Holding | Coupon | Maturity | Assets |
---|
Tender Option Bond Trust Receipts/Certificates | 3.820% | 04/04/2024 | 2.3% |
Wisconsin Health & Educational Facilities Authorit | 5.490% | 04/01/2024 | 1.7% |
City Of New York Ny | 4.450% | 04/01/2024 | 1.7% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 08/28/2025 | 1.7% |
Tender Option Bond Trust Receipts/Certificates | 3.820% | 04/04/2024 | 1.6% |
Lower Colorado River Authority | 5.000% | 05/08/2039 | 1.4% |
Central Plains Energy Project | 5.738% | 07/01/2029 | 1.3% |
Harris County Cultural Education Facilities Financ | 4.150% | 04/04/2024 | 1.3% |
Main Street Natural Gas Inc | 4.000% | 11/01/2027 | 1.3% |
Rib Floater Trust Various States | 3.800% | 04/04/2024 | 1.3% |
Lower Alabama Gas District/The | 4.000% | 11/21/2050 | 1.3% |
Hoosick Falls Central School District | 4.500% | 08/02/2024 | 1.2% |
Southeast Energy Authority A Cooperative District | 5.348% | 04/30/2028 | 1.2% |
Health Care Authority For Baptist Health/The | 5.060% | 04/04/2024 | 1.1% |
New York State Thruway Authority | 5.000% | 12/28/2026 | 1.0% |
Triborough Bridge & Tunnel Authority | 5.000% | 03/15/2027 | 1.0% |
City Of New York Ny | 4.450% | 04/01/2024 | 1.0% |
Louisiana Local Government Environmental Facilitie | 0.875% | 02/01/2025 | 1.0% |
Wisconsin Health & Educational Facilities Authorit | 5.490% | 04/04/2024 | 1.0% |
Black Belt Energy Gas District | 4.000% | 09/20/2052 | 1.0% |
California Community Choice Financing Authority | 5.258% | 07/31/2028 | 1.0% |
County Of Lehigh Pa | 4.740% | 08/12/2038 | 0.9% |
California Health Facilities Financing Authority | 5.000% | 11/02/2061 | 0.9% |
Port Of Port Arthur Navigation District | 4.800% | 04/04/2024 | 0.9% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/11/2025 | 0.8% |
Pennsylvania Higher Educational Facilities Authori | 4.410% | 04/04/2024 | 0.8% |
Black Belt Energy Gas District | 4.000% | 11/21/2049 | 0.8% |
City Of Auburn Ny | 4.750% | 08/15/2024 | 0.8% |
Jersey City Municipal Utilities Authority | 4.000% | 05/03/2024 | 0.7% |
Long Island Power Authority | 0.850% | 08/22/2050 | 0.7% |
City Of Chicago Il | 5.000% | 12/26/2028 | 0.7% |
County Of Nez Perce Id | 2.750% | 10/01/2024 | 0.7% |
Kentucky Public Energy Authority | 5.250% | 03/21/2054 | 0.7% |
Long Island Power Authority | 5.000% | 08/21/2052 | 0.7% |
Harris County Cultural Education Facilities Financ | 4.490% | 12/01/2026 | 0.7% |
Health & Educational Facilities Authority Of The S | 5.000% | 05/25/2039 | 0.7% |
State Of New Jersey | 5.000% | 05/28/2027 | 0.7% |
Tennessee Energy Acquisition Corp | 5.000% | 04/20/2053 | 0.7% |
Delaware State Economic Development Authority | 1.250% | 09/22/2045 | 0.7% |
State Of Illinois | 5.000% | 11/27/2025 | 0.7% |
State Of Illinois | 5.000% | 04/26/2030 | 0.7% |
California Municipal Finance Authority | 5.000% | 11/01/2026 | 0.7% |
City Of Newark Nj | 5.000% | 09/27/2024 | 0.7% |
Township Of Barnegat Nj | 5.000% | 05/23/2024 | 0.7% |
Rib Floater Trust Various States | 3.800% | 04/04/2024 | 0.7% |
State Of Ohio | 4.170% | 04/04/2024 | 0.6% |
Florida Insurance Assistance Interlocal Agency Inc | 4.420% | 04/04/2024 | 0.6% |
Philadelphia Authority For Industrial Development | 4.440% | 04/04/2024 | 0.6% |
State Of Ohio | 4.170% | 04/04/2024 | 0.6% |
University Of Colorado | 2.000% | 10/15/2024 | 0.6% |
New York State Housing Finance Agency | 0.750% | 10/28/2025 | 0.6% |
County Of Jefferson Al Sewer Revenue | 5.000% | 09/24/2037 | 0.6% |
Sauquoit Valley Central School District | 4.500% | 06/21/2024 | 0.6% |
California Community Choice Financing Authority | 5.250% | 10/21/2054 | 0.6% |
Ohio Air Quality Development Authority | 2.400% | 11/24/2038 | 0.6% |
Tender Option Bond Trust Receipts/Certificates | 3.820% | 04/04/2024 | 0.6% |
Delaware State Economic Development Authority | 1.250% | 09/23/2040 | 0.6% |
County Of Camden Nj | 4.500% | 05/22/2024 | 0.6% |
Northern California Energy Authority | 5.000% | 11/20/2054 | 0.6% |
Citizens Memorial Hospital District | 5.000% | 12/01/2026 | 0.6% |
New Mexico Municipal Energy Acquisition Authority | 5.000% | 10/25/2039 | 0.6% |
Borough Of Riverdale Nj | 4.750% | 06/05/2024 | 0.5% |
Allegheny County Hospital Development Authority | 5.000% | 03/27/2029 | 0.5% |
City Of Dallas Tx | 5.000% | 02/11/2027 | 0.5% |
California Health Facilities Financing Authority | 5.000% | 10/21/2054 | 0.5% |
Northampton County General Purpose Authority | 4.882% | 04/09/2024 | 0.5% |
Parish Of St John The Baptist La | 2.100% | 07/01/2024 | 0.5% |
State Of Illinois | 5.000% | 02/25/2027 | 0.5% |
West Virginia Economic Development Authority | 0.625% | 12/15/2025 | 0.5% |
Wisconsin Housing & Economic Development Authority | 0.810% | 10/20/2052 | 0.5% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/25/2036 | 0.5% |
Harris County Cultural Education Facilities Financ | 4.210% | 12/04/2024 | 0.5% |
Washington Health Care Facilities Authority | 5.000% | 07/22/2049 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 05/28/2025 | 0.5% |
Development Authority Of Burke County/The | 3.375% | 03/12/2027 | 0.5% |
State Of Illinois | 5.000% | 10/27/2030 | 0.5% |
Illinois Finance Authority | 5.000% | 08/04/2052 | 0.5% |
South Dakota Housing Development Authority | 6.250% | 04/20/2055 | 0.5% |
State Of Illinois Sales Tax Revenue | 5.000% | 06/15/2024 | 0.5% |
Seattle Housing Authority | 5.000% | 09/01/2026 | 0.5% |
Minnesota Housing Finance Agency | 5.000% | 06/20/2053 | 0.5% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/15/2024 | 0.5% |
City Of Chicago Il | 5.000% | 12/28/2025 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 05/28/2026 | 0.5% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/10/2030 | 0.5% |
City Of Houston Tx | 5.000% | 02/25/2027 | 0.4% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/08/2036 | 0.4% |
California Infrastructure & Economic Development B | 4.340% | 06/01/2026 | 0.4% |
Minnesota Housing Finance Agency | 6.250% | 06/20/2054 | 0.4% |
State Of Illinois | 5.000% | 01/28/2028 | 0.4% |
Colorado Housing And Finance Authority | 3.000% | 04/21/2051 | 0.4% |
North Carolina Housing Finance Agency | 6.250% | 12/21/2054 | 0.4% |
Parish Of St John The Baptist La | 2.125% | 07/01/2024 | 0.4% |
Development Authority Of Monroe County/The | 3.875% | 03/06/2026 | 0.4% |
Delaware State Economic Development Authority | 1.050% | 12/27/2030 | 0.4% |
Triborough Bridge & Tunnel Authority | 5.000% | 05/05/2051 | 0.4% |
Delaware Valley Regional Finance Authority | 4.040% | 03/01/2026 | 0.4% |
School District Of Broward County/Fl | 5.000% | 06/25/2035 | 0.4% |
North Texas Tollway Authority | 5.000% | 12/28/2025 | 0.4% |
Harris County Cultural Education Facilities Financ | 5.000% | 06/21/2049 | 0.4% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/08/2036 | 0.4% |
Development Authority Of Burke County/The | 2.875% | 11/21/2049 | 0.4% |
State Of Illinois | 5.000% | 03/01/2025 | 0.4% |
State Of Washington | 5.000% | 07/27/2028 | 0.4% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/25/2037 | 0.4% |
Allegheny County Industrial Development Authority | 4.875% | 11/01/2024 | 0.4% |
State Of Illinois | 5.000% | 10/28/2027 | 0.3% |
New York State Urban Development Corp | 5.000% | 03/08/2038 | 0.3% |
State Of Maryland | 4.000% | 07/27/2028 | 0.3% |
Hospitals & Higher Education Facilities Authority | 5.000% | 06/27/2027 | 0.3% |
County Of Cook Il | 4.000% | 11/11/2026 | 0.3% |
Sales Tax Securitization Corp | 5.000% | 01/01/2025 | 0.3% |
Commonwealth Financing Authority | 5.000% | 06/01/2024 | 0.3% |
Energy Southeast A Cooperative District | 2.870% | 07/31/2031 | 0.3% |
Texas Municipal Gas Acquisition & Supply Corp Iv | 5.250% | 06/30/2029 | 0.3% |
Louisiana Stadium & Exposition District | 5.000% | 06/24/2036 | 0.3% |
Industrial Development Board Of The City Of Mobile | 3.650% | 01/10/2025 | 0.3% |
Wisconsin Health & Educational Facilities Authorit | 4.200% | 08/10/2028 | 0.3% |
Main Street Natural Gas Inc | 5.000% | 05/11/2025 | 0.3% |
Salt River Project Agricultural Improvement & Powe | 5.000% | 12/26/2028 | 0.3% |
City Of Chicago Il | 5.000% | 12/28/2026 | 0.3% |
City Of Seattle Wa Municipal Light & Power Revenue | 3.890% | 11/01/2026 | 0.3% |
Chicago O'Hare International Airport | 5.000% | 12/27/2030 | 0.3% |
Parish Of St John The Baptist La | 4.050% | 05/25/2037 | 0.3% |
Charlotte-Mecklenburg Hospital Authority/The | 5.000% | 01/05/2050 | 0.3% |
Intermountain Power Agency | 5.000% | 06/24/2036 | 0.3% |
Western Placer Unified School District | 2.000% | 06/01/2025 | 0.3% |
Chicago Board Of Education | 5.000% | 11/25/2034 | 0.3% |
Central Texas Turnpike System | 5.000% | 08/10/2031 | 0.3% |
California State University | 0.550% | 10/22/2049 | 0.3% |
Parish Of St John The Baptist La | 2.375% | 05/25/2037 | 0.3% |
Illinois Finance Authority | 4.917% | 09/01/2025 | 0.3% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/10/2028 | 0.3% |
Maricopa County Industrial Development Authority | 4.210% | 10/18/2024 | 0.3% |
Indiana Finance Authority | 0.650% | 07/28/2025 | 0.3% |
New Jersey Economic Development Authority | 5.000% | 06/11/2026 | 0.3% |
City Of Lees Summit Mo | 5.000% | 04/01/2027 | 0.3% |
State Of Illinois | 5.000% | 02/25/2026 | 0.3% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2024 | 0.3% |
State Of Illinois | 5.000% | 03/01/2025 | 0.3% |
Black Belt Energy Gas District | 5.250% | 04/20/2055 | 0.3% |
Portland Community College District | 5.000% | 06/08/2038 | 0.3% |
Intermountain Power Agency | 5.000% | 06/24/2037 | 0.3% |
Brevard County Health Facilities Authority | 5.000% | 03/27/2028 | 0.3% |
Virginia Beach Development Authority | 5.375% | 08/27/2029 | 0.3% |
Long Island Power Authority | 1.650% | 09/01/2024 | 0.3% |
State Of Texas | 5.000% | 04/01/2024 | 0.2% |
Brevard County Health Facilities Authority | 5.000% | 03/28/2027 | 0.2% |
New York State Housing Finance Agency | 0.750% | 10/28/2025 | 0.2% |
New York City Municipal Water Finance Authority | 4.500% | 04/01/2024 | 0.2% |
Development Authority Of Burke County/The | 1.500% | 02/03/2025 | 0.2% |
Parish Of St James La | 5.850% | 07/24/2041 | 0.2% |
Peninsula Ports Authority | 3.800% | 10/01/2024 | 0.2% |
Maryland Economic Development Corp | 5.750% | 08/28/2025 | 0.2% |
City Of Rockport In | 3.050% | 06/01/2025 | 0.2% |
Northampton County General Purpose Authority | 5.000% | 08/11/2027 | 0.2% |
California State Public Works Board | 5.000% | 09/27/2027 | 0.2% |
Texas State Affordable Housing Corp | 3.625% | 01/01/2027 | 0.2% |
E-470 Public Highway Authority | 3.908% | 09/01/2024 | 0.2% |
Connecticut Housing Finance Authority | 4.000% | 05/05/2049 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 06/10/2028 | 0.2% |
Washington Convention & Sports Authority | 5.000% | 09/26/2030 | 0.2% |
Louisiana Stadium & Exposition District | 5.000% | 06/25/2035 | 0.2% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/26/2028 | 0.2% |
State Of Illinois | 5.000% | 10/28/2025 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 02/26/2028 | 0.2% |
North Dakota Housing Finance Agency | 4.000% | 12/22/2049 | 0.2% |
State Of Illinois | 5.250% | 01/27/2030 | 0.2% |
State Of Washington | 5.000% | 06/27/2027 | 0.2% |
Commonwealth Financing Authority | 5.000% | 06/01/2025 | 0.2% |
Industrial Development Board Of The City Of Mobile | 1.000% | 05/26/2034 | 0.2% |
Michigan State Housing Development Authority | 4.250% | 11/21/2049 | 0.2% |
South Carolina Jobs-Economic Development Authority | 5.250% | 11/09/2028 | 0.2% |
Ohio Housing Finance Agency | 4.500% | 02/19/2050 | 0.2% |
Connecticut Housing Finance Authority | 6.250% | 05/04/2054 | 0.2% |
County Of Lake Il | 4.000% | 11/29/2027 | 0.2% |
Illinois Housing Development Authority | 4.000% | 06/01/2025 | 0.2% |
Northside Independent School District | 1.600% | 08/01/2024 | 0.2% |
State Of Ohio | 5.000% | 11/27/2027 | 0.2% |
Allegheny County Hospital Development Authority | 5.000% | 03/28/2026 | 0.2% |
Selma Industrial Development Board | 2.000% | 10/01/2024 | 0.2% |
Central Texas Regional Mobility Authority | 5.000% | 07/01/2024 | 0.2% |
City Of Farmington Nm | 3.900% | 05/24/2040 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/11/2026 | 0.2% |
State Of Maryland Department Of Transportation | 5.000% | 09/27/2027 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/11/2026 | 0.2% |
North Carolina Housing Finance Agency | 4.000% | 12/22/2049 | 0.2% |
State Of Illinois | 5.000% | 09/26/2029 | 0.2% |
Minnesota Housing Finance Agency | 4.250% | 06/21/2049 | 0.1% |
New York State Dormitory Authority | 5.000% | 10/01/2024 | 0.1% |
Tarrant County Cultural Education Facilities Finan | 5.000% | 11/03/2052 | 0.1% |
West Virginia Economic Development Authority | 2.550% | 06/14/2028 | 0.1% |
Lower Colorado River Authority | 5.000% | 05/11/2027 | 0.1% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/08/2036 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/27/2026 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 07/01/2024 | 0.1% |
Chicago Transit Authority Capital Grant Receipts R | 5.000% | 05/28/2025 | 0.1% |
City Of Seneca Ks | 5.000% | 06/01/2025 | 0.1% |
Berks County Municipal Authority/The | 5.000% | 01/25/2040 | 0.1% |
Washington Health Care Facilities Authority | 5.040% | 07/01/2024 | 0.1% |
Chicago Board Of Education | 5.000% | 11/25/2033 | 0.1% |
New York City Industrial Development Agency | 3.970% | 03/01/2026 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/10/2028 | 0.1% |
Ohio Air Quality Development Authority | 1.900% | 10/01/2024 | 0.1% |
New York City Housing Development Corp | 0.700% | 11/01/2024 | 0.1% |
Western Placer Unified School District | 2.000% | 06/01/2025 | 0.1% |
Colorado Health Facilities Authority | 5.000% | 11/05/2049 | 0.1% |
California Housing Finance Agency | 5.000% | 09/01/2026 | 0.1% |
Development Authority Of Monroe County/The | 1.500% | 02/03/2025 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/27/2029 | 0.1% |
Metropolitan Transportation Authority | 5.000% | 11/11/2026 | 0.1% |
Missouri Housing Development Commission | 3.250% | 10/20/2052 | 0.1% |
City Of Chicago Il | 5.250% | 01/01/2025 | 0.1% |
Kentucky Municipal Power Agency | 3.450% | 03/01/2026 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/15/2025 | 0.1% |
Metropolitan Government Nashville & Davidson Count | 5.000% | 06/26/2028 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2025 | 0.1% |
North Carolina Turnpike Authority | 5.000% | 12/28/2027 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/27/2028 | 0.1% |
Industrial Development Authority Of The County Of | 5.125% | 11/10/2029 | 0.1% |
New Jersey Educational Facilities Authority | 5.000% | 07/01/2027 | 0.1% |
California State Public Works Board | 5.000% | 09/27/2026 | 0.1% |
County Of Cuyahoga Oh | 5.000% | 02/15/2025 | 0.1% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2024 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/01/2024 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/15/2027 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 10/26/2028 | 0.1% |
Kentucky Economic Development Finance Authority | 5.000% | 05/28/2025 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/28/2027 | 0.1% |
California Municipal Finance Authority | 5.000% | 07/01/2026 | 0.1% |
Public Finance Authority | 5.000% | 11/27/2027 | 0.1% |
Village Community Development District No 13 | 2.625% | 04/26/2030 | 0.1% |
Central Plains Energy Project | 5.000% | 08/28/2027 | 0.1% |
Ohio Air Quality Development Authority | 4.000% | 08/27/2030 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 06/11/2025 | 0.1% |
Development Authority Of Appling County | 1.500% | 02/03/2025 | 0.1% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/09/2035 | 0.1% |
Village Community Development District No 13 | 1.875% | 04/27/2025 | 0.1% |
Illinois Finance Authority | 5.000% | 08/27/2028 | 0.1% |
Capital Trust Agency Inc | 4.000% | 06/10/2029 | 0.1% |
Orange County Health Facilities Authority | 5.000% | 09/27/2027 | 0.1% |
New York State Dormitory Authority | 5.000% | 02/28/2030 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/15/2026 | 0.1% |
City Of Lenexa Ks | 5.000% | 05/15/2025 | 0.1% |
City Of New York Ny | 4.500% | 04/01/2024 | 0.1% |
California Housing Finance Agency | 4.000% | 03/13/2033 | 0.1% |
Ohio Air Quality Development Authority | 1.500% | 11/04/2025 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/14/2028 | 0.1% |
Industrial Development Authority Of The County Of | 3.500% | 07/01/2025 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 06/27/2025 | 0.1% |
Oklahoma Development Finance Authority | 5.000% | 08/11/2026 | 0.1% |
Orange County Health Facilities Authority | 5.000% | 09/26/2028 | 0.1% |
Philadelphia Gas Works Co | 5.000% | 08/01/2024 | 0.1% |
Niagara Area Development Corp | 3.500% | 11/01/2024 | 0.0% |
State Of New York Mortgage Agency Homeowner Mortga | 3.500% | 03/22/2049 | 0.0% |
Florida Higher Educational Facilities Financial Au | 5.000% | 03/01/2025 | 0.0% |
Illinois Finance Authority | 5.000% | 08/27/2029 | 0.0% |
Berks County Industrial Development Authority | 5.000% | 10/28/2026 | 0.0% |
Illinois Finance Authority | 5.000% | 05/15/2025 | 0.0% |
Oklahoma Development Finance Authority | 5.000% | 08/11/2025 | 0.0% |
Commonwealth Of Pennsylvania | 5.000% | 07/01/2025 | 0.0% |
Tulsa County Industrial Authority | 5.000% | 11/15/2026 | 0.0% |
Wisconsin Housing & Economic Development Authority | 0.610% | 05/01/2024 | 0.0% |
Hospital Facilities Authority Of Multnomah County | 5.000% | 10/01/2024 | 0.0% |
State Of Ohio | 5.000% | 01/15/2027 | 0.0% |
California State Public Works Board | 5.000% | 10/01/2027 | 0.0% |
City Of Sparks Nv | 2.750% | 06/14/2028 | 0.0% |
Colorado Health Facilities Authority | 5.000% | 11/05/2049 | 0.0% |
California State Public Works Board | 5.000% | 10/01/2026 | 0.0% |
Village Community Development District No 13 | 2.625% | 05/01/2024 | 0.0% |
New York State Dormitory Authority | 5.000% | 10/01/2024 | 0.0% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 05/10/2024
- $0.14179
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 04/30/2024 | $0.03663 | $14.96 |
Daily | Daily | 03/31/2024 | $0.03515 | $15.02 |
Daily | Daily | 02/29/2024 | $0.03557 | $15.04 |
Daily | Daily | 01/31/2024 | $0.03445 | $15.04 |
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 | 05/31/2024 |
Daily | Daily | 06/30/2024 |
Daily | Daily | 07/31/2024 |
Daily | Daily | 08/31/2024 |
Daily | Daily | 09/30/2024 |
Daily | Daily | 10/31/2024 |
Daily | Daily | 11/30/2024 |
Daily | Daily | 12/31/2024 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/19/2013 | 12/20/2013 | $0.0121 | - | $0.0121 | $15.71 |
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
Fees & Expenses
Sales Charge Schedule as of 05/10/2024
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $15.36 |
$100,000 to $249,999 | 1.75% | 1.50% | $15.28 |
Greater than $250,000 | 0.00% | 1.00% | $15.01 |
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.
Expense Ratioas of 04/30/2024
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
0.66% | 0.65% |
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 01/31/2025. 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.
Fund Documents
Fund Documents
0Documents selected
|
||||
---|---|---|---|---|
Portfolio Holdings 1Q
Publish Date:11/03/2015
|
||||
Portfolio Holdings 3Q
Publish Date:11/03/2015
|
||||
Summary Prospectus
Publish Date:11/03/2015
|
||||
Statutory Prospectus
Publish Date:11/03/2015
|
||||
SAI
Publish Date:11/03/2015
|
||||
Annual Report
Publish Date:11/03/2015
|
||||
Semi-Annual Report
Publish Date:11/03/2015
|
||||
Fact Sheet
Publish Date:11/03/2015
|