Image alt tag

Page not optimized for mobile browsing

DST vision is best viewed on desktop and tablet

The Muni-Ladder Interest Rate Scenario Tool is only available on desktop and tablet.

PROCEED GO TO LORDABBETT.COM

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)
View All Tracked Funds
View All Tracked Funds

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Check Out Go Literature Center

A verification Email Has Been Sent

An email verification email has been sent to .
Follow the instructions to complete the email validation process.

I have not received my verification email

Check your SPAM mailbox and make sure that twelcome@lordabbett.com is allowed to send you mail.

I'm still having trouble

If you're still having trouble verifying your email address. feel free to contact us.

1-888-522-2388
clientservices@lordabbett.com


OK

We're sorry. We found no record of the email address you provided.

Register For a LordAbbett.com Account
Using Your Email Address.

  • Registered Financial Advisors gain access to:
  • Our data mining tool, Insight & Intelligence
  • Best in-class practice management content
  • Educational events, videos and podcasts.
  • The Lord Abbett Review - Subscribe now!

Registered but Having Problems?

If you believe you are registered and are having problems verifying your email address, feel free to contact us.

1-888-522-2388 clientservices@lordabbett.com

Terms & Condition

These Terms of Use ("Terms of Use") are made between the undersigned user ("you") and Lord, Abbett & Co. ("we" or "us"). They become effective on the date that you electronically execute these Terms of Use ("Effective Date").

A. You are a successful financial consultant that markets securities, including the Lord Abbett Family of Funds;

B. We have developed the Lord Abbett Intelligence System (the "Intelligence System"), a state of the art information resource that we make available to a limited community of broker/dealers through the Internet at a secure Web site (the "LAIS Site"); and

C. We wish to provide access to the Intelligence System to you as an information tool responsive to the demands of your successful business pursuant to these Terms of Use. Accordingly, you and we, intending to be legally bound, hereby agree as follows:]

1. Overview. · Scope. These Terms of Use (which we may amend from time to time) govern your use of the Intelligence System. · Revisions; Changes. We may amend these Terms of Use at any time by posting amended Terms of Use ("Amended Terms of Use") on the LAIS Site. Any Amended Terms of Use will become effective immediately upon posting. Your use of the Intelligence System after any Amended Terms of Use become effective will be deemed to constitute your acceptance of those Amended Terms of Use.We may modify or discontinue the Intelligence System at any time, temporarily or permanently, with or without notice to you. Purpose of the Intelligence System. The Intelligence System is intended to be an information resource that you may use to contribute to your business research. The Intelligence System is for broker/dealer use only; it is not to be used with the public in oral, written or electronic form. The information on the Intelligence System and LAIS Site is for your information only and is neither the tax, legal or investment advice of Lord Abbett or its third-party sources nor their recommendation to purchase or sell any security.

2. Your Privileges. · Personal Use. Your use of the Intelligence System is a nontransferable privilege granted by us to you and that we may deny, suspend or revoke at any time, with or without cause or notice. · Access to and Use of the Intelligence System. The User ID and password (together, an "Access ID") issued by us to you (as subsequently changed by you from time to time) is for your exclusive access to and use of the Intelligence System. You will: (a) be responsible for the security and use of your Access ID, (b) not disclose your Access ID to anyone and (c) not permit anyone to use your Access ID. Any access or use of the Intelligence System through the use of your Access ID will be deemed to be your actions, for which you will be responsible. · Required Technology. You must provide, at your own cost and expense, the equipment and services necessary to access and use the Intelligence System. At any time, we may change the supporting technology and services necessary to use the Intelligence System. · Availability. We make no guarantee that you will be able to access the Intelligence System at any given time or that your access will be uninterrupted, error-free or free from unauthorized security breaches.

3. Rights in Data. Our use of information collected from you will be in accordance with our Privacy Policy posted on the LAIS Site. Our compliance with our Privacy Policy will survive any termination of these Terms of Use or of your use of the Intelligence System.

4. Your Conduct in the Use of the Intelligence System. You may access, search, view and store a personal copy of the information contained on the LAIS Site for your use as a broker/dealer. Any other use by you of the Intelligence System and the information contained on the LAIS Site these Terms of Use is strictly prohibited. Without limiting the preceding sentence, you will not: · Engage in or permit any reproduction, copying, translation, modification, adaptation, creation of derivative works from, distribution, transmission, transfer, republication, compilation or decompilation, reverse engineering, display, removal or deletion of the Intelligence System, any portion thereof, or any data, content or information provided by us or any of our third-party sources in any form, media or technology now existing or hereafter developed, that is not specifically authorized under these Terms of Use.

· Remove, obscure or alter any notice, disclaimer or other disclosure affixed to or contained within the Intelligence System, including any copyright notice, trademark and other proprietary rights notices and any legal notices regarding the data, content or information provided through the Intelligence System.

· Create a hyperlink to, frame or use framing techniques to enclose any information found anywhere on the LAIS Site without our express prior written consent.

· Impersonate any person, or falsely state or otherwise misrepresent his or her affiliation with any person in connection with any use of the Intelligence System.

· Breach or attempt to breach the security of the Intelligence System or any network, servers, data, or computers or other hardware relating to or used in connection with the Intelligence System; nor (b) use or distribute through the Intelligence System software or other tools or devices designed to interfere with or compromise the privacy, security or use of the Intelligence System by others or the operations or assets of any person.

· Violate any applicable law, including, without limitation, any state federal securities laws. 5. Your Representations and Warranties. You hereby represent and warrant to us, for our benefit, as of the time of these Terms of Use and for so long as you continue to use the Intelligence System, that (a) you are, and will continue to be, in compliance with these Terms of Use and any applicable laws and (b) you are authorized to provide to us the information we collect, as described in our Privacy Policy.

6. Disclaimer of Warranties.

· General Disclaimers.

THE INTELLIGENCE SYSTEM, THE LAIS SITE AND ALL DATA, INFORMATION AND CONTENT ON THE LAIS SITE ARE PROVIDED "AS IS" AND “AS AVAILABLE” AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND. WITHOUT LIMITING THE PRECEDING SENTENCE, LORD ABBETT, ITS AFFILIATES, AGENTS, THIRD-PARTY SUPPLIERS AND LICENSORS, AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, DIRECTORS, OFFICERS AND SHAREHOLDERS (COLLECTIVELY, THE “LORD ABBETT GROUP”) EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NONINFRINGEMENT. YOU EXPRESSLY AGREE THAT YOUR USE OF THE LAIS SITE, THE INTELLIGENCE SYSTEM, AND THE DATA, INFORMATION AND CONTENT PRESENTED THERE ARE AT YOUR SOLE RISK AND THAT THE LORD ABBETT GROUP WILL NOT BE RESPONSIBLE FOR ANY (A) ERRORS OR INACCURACIES IN THE DATA, CONTENT AND INFORMATION ON THE LAIS SITE AND THE INTELLIGENCE SYSTEM OR (B) ANY TERMINATION, SUSPENSION, INTERRUPTION OF SERVICES, OR DELAYS IN THE OPERATION OF THE LAIS SITE OR THE INTELLIGENCE SYSTEM.

· Disclaimer Regarding Investment Research.

THE INTELLIGENCE SYSTEM INCORPORATES DATA, CONTENT AND INFORMATION FROM VARIOUS SOURCES THAT WE BELIEVE TO BE ACCURATE AND RELIABLE. HOWEVER, THE LORD ABBETT GROUP MAKES NO CLAIMS, REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY, TIMELINESS, COMPLETENESS OR TRUTHFULNESS OF SUCH DATA, CONTENT AND INFORMATION. YOU EXPRESSLY AGREE THAT YOU ARE RESPONSIBLE FOR INDEPENDENTLY VERIFYING YOUR INVESTMENT RESEARCH PRIOR TO FORMING YOUR INVESTMENT DECISIONS OR RENDERING INVESTMENT ADVICE. THE LORD ABBETT GROUP WILL NOT BE LIABLE FOR ANY INVESTMENT DECISION MADE BY YOU OR ANY OTHER PERSON BASED UPON THE DATA, CONTENT AND INFORMATION PROVIDED THROUGH THE INTELLIGENCE SYSTEM OR ON THE LAIS SITE.

· Survival.

THIS SECTION 6 SHALL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM..

7. Limitations on Liability.

NONE OF THE MEMBERS OF THE LORD ABBETT GROUP WILL BE LIABLE TO YOU OR ANY OTHER PERSON FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES (INCLUDING LOSS OF PROFITS, LOSS OF USE, TRANSACTION LOSSES, OPPORTUNITY COSTS, LOSS OF DATA, OR INTERRUPTION OF BUSINESS) RESULTING FROM, ARISING OUT OF OR IN ANY WAY RELATING TO THE INTELLIGENCE SYSTEM, THE LAIS SITE OR YOUR USE THEREOF, EVEN IF THE LORD ABBETT GROUP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION 7 WILL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM.

8. Miscellaneous Provisions.

· Governing Law. This Agreement will governed by and construed in accordance with the laws of the State of New York, without giving effect to applicable conflicts of law principles.

THE UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT OR ANY VERSION THEREOF, ADOPTED BY ANY STATE, IN ANY FORM ("UCITA") WILL NOT APPLY TO THESE TERMS OF USE. TO THE EXTENT THAT UCITA IS APPLICABLE, THE PARTIES HEREBY AGREE TO OPT OUT OF THE APPLICABILITY OF UCITA PURSUANT TO THE OPT-OUT PROVISION(S) CONTAINED THEREIN.

The Intelligence System is not intended to be used by consumers, nor are the consumer protection laws of any jurisdiction intended to apply to the Intelligence System. You agree to initiate and maintain any action, suit or proceeding relating to these Terms of Use or arising out of the use of the Intelligence System exclusively in the courts, state and federal, located in or having jurisdiction over New York County, New York.

YOU HEREBY CONSENT TO THE PERSONAL JURISDICTION AND VENUE OF THE COURTS, STATE AND FEDERAL, LOCATED IN OR HAVING JURISDICTION OVER NEW YORK COUNTY, NEW YORK. YOU AGREE THAT YOU WILL NOT OBJECT TO A PROCEEDING BROUGHT IN YOUR LOCAL JURISDICTION TO ENFORCE AN ORDER OR JUDGMENT OBTAINED IN NEW YORK.

· Relationship of Parties. The parties to these Terms of Use are independent contractors and nothing in these Terms of Use will be construed as creating an employment relationship, joint venture, partnership, agency or fiduciary relationship between the parties.

· Notice. All notices provided under these Terms of Use will be in writing and will be deemed effective: (a) when delivered personally, (b) when received by electronic delivery, (c) one business day after deposit with a commercial overnight carrier specifying next day delivery, with written verification of receipt, or (d) three business days after having been sent by registered or certified mail, return receipt requested. We will only accept notices from you in English and by conventional mail addressed to: General Counsel Lord, Abbett & Co. 90 Hudson Street Jersey City, N.J. 07302-3973 We may give you notice by conventional mail or electronic mail addressed to the last mail or electronic mail address transmitted by you to us.

· Third-Party Beneficiaries. The members of the Lord Abbett Group are third-party beneficiaries of the rights and benefits provided to us under these Terms of Use. You understand and agree that any right or benefit available to us or any member of the Lord Abbett Group hereunder will also be deemed to accrue to the benefit of, and may be exercised directly by, any member of the Lord Abbett Group to the extent applicable.

· Survival. This Section 8 will survive any termination of these Terms of Use or your use of the Intelligence System. The undersigned hereby signs these Terms of Use. By electronically signing and clicking "Accept" below, these Terms of Use will be legally binding on me. To sign these Terms of Use, confirm your full name and enter your User ID and Password (as your electronic signature) in the fields indicated below and click the “I Accept” button.

Cancel Accept

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

Short Duration Tax Free Fund

Daily price w/o sales charge as of 07/18/2018

$15.51

$0.00

YTD Returns w/o sales charge as of 07/18/2018

0.31%

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

Click here to view all legal text including risk information

Summary

Summary

What is the Short Duration Tax Free Fund?

The Fund seeks to deliver a high level of income exempt from federal taxation by investing primarily in short-term investment grade municipal bonds.

EXPERIENCED TEAM, TRUSTED LEGACY

A firm with over 30 years of experience navigating the nuances of the municipal market. 

HIGH QUALITY, LOW DURATION

The strategy seeks to generate tax-free income by combining high-quality, short maturity bonds with money market securities*, limiting credit risk and interest rate risk.  

* Although the Fund may invest in money market securities, this is not a money market fund.

STRONG PERFORMANCE

The disciplined process, based on in-depth credit research and strategic portfolio positioning, has provided investors with attractive returns relative to peers. 

Yield

Dividend Yield 1 as of 07/18/2018  

  Subsidized3 Un-Subsidized4
w/o sales charge 0.96% 0.90%

30-Day Standardized Yield 2 as of 06/30/2018  

0.86%

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

Fund Basicsas of 06/29/2018

Total Net Assets
$1.39 B
Inception Date
12/31/2008
Dividend Frequency
Monthly
Fund Expense Ratio
1.27%
Number of Holdings
313
CUSIP
543912752
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

1.27%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2008
w/o sales charge 0.08% -0.25% 0.03% 0.20% - 1.15%
Lipper Category Avg. Short Municipal Debt Funds 0.53% 0.69% 0.72% 0.71% - -
Bloomberg Barclays Municipal Bond: Muni Short (1-5) 0.77% 0.60% 1.09% 1.23% - 1.96%
w/ sales charge -0.92% -0.25% 0.03% 0.20% - 1.15%

Fund Expense Ratio :

1.27%

Fund Expense Ratio :

1.27%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2008
w/o sales charge 0.08% -0.25% 0.03% 0.20% - 1.15%
Lipper Category Avg. Short Municipal Debt Funds 0.53% 0.69% 0.72% 0.71% - -
Bloomberg Barclays Municipal Bond: Muni Short (1-5) 0.77% 0.60% 1.09% 1.23% - 1.96%
w/ sales charge -0.92% -0.25% 0.03% 0.20% - 1.15%

Fund Expense Ratio :

1.27%

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 of future results.

RELATED CONTENT

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

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

Maturity Assets
<1 Year
1-1.99 Years
2-3.99 Years
4-5.99 Years
>6 Years

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

CREDIT QUALITY DISTRIBUTION as of 06/29/2018

Rating Assets
A-1/MIG1
A-2/MIG2
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

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

31 Years of Industry Experience

Daniel T. Vande Velde
Daniel T. Vande Velde

Partner & Portfolio Manager

28 Years of Industry Experience

Supported By 14 Investment Professionals with 11 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 07/18/2018  

  Subsidized3 Un-Subsidized4
w/o sales charge 0.96% 0.90%

30-Day Standardized Yield 2 as of 06/30/2018  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.86% 0.86%

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

Fund Expense Ratio :

1.27%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2008
w/o sales charge 0.08% -0.25% 0.03% 0.20% - 1.15%
Lipper Category Avg. Short Municipal Debt Funds 0.53% 0.69% 0.72% 0.71% - -
Bloomberg Barclays Municipal Bond: Muni Short (1-5) 0.77% 0.60% 1.09% 1.23% - 1.96%
w/ sales charge -0.92% -0.25% 0.03% 0.20% - 1.15%

Fund Expense Ratio :

1.27%

Fund Expense Ratio :

1.27%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2008
w/o sales charge 0.08% -0.25% 0.03% 0.20% - 1.15%
Lipper Category Avg. Short Municipal Debt Funds 0.53% 0.69% 0.72% 0.71% - -
Bloomberg Barclays Municipal Bond: Muni Short (1-5) 0.77% 0.60% 1.09% 1.23% - 1.96%
w/ sales charge -0.92% -0.25% 0.03% 0.20% - 1.15%

Fund Expense Ratio :

1.27%

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 of future results.

Year Fund Returns Bloomberg Barclays Municipal Bond: Muni Short (1-5)
2017 1.02% 1.61%
2016 -1.27% 0.07%
2015 0.09% 1.21%
2014 0.94% 1.31%
2013 -0.64% 1.14%
2012 1.49% 1.73%
2011 2.75% 3.45%
2010 1.36% 1.87%
2009 5.24% 5.55%
Year Q1 Q2 Q3 Q4 Yearly Returns
2018 -0.28% 0.36% - - 0.31%
2017 0.77% 0.58% 0.25% -0.57% 1.02%
2016 0.37% 0.44% -0.14% -1.92% -1.27%
2015 0.16% -0.35% 0.30% -0.02% 0.09%
2014 0.47% 0.33% 0.23% -0.10% 0.94%
2013 0.38% -1.17% 0.01% 0.15% -0.64%
2012 0.59% 0.47% 0.57% -0.14% 1.49%
2011 0.41% 1.18% 0.80% 0.33% 2.75%
2010 0.29% 0.75% 1.16% -0.83% 1.36%
2009 2.13% 0.77% 2.05% 0.21% 5.24%

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

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

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

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

Maturity Assets
<1 Year
1-1.99 Years
2-3.99 Years
4-5.99 Years
>6 Years

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

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

CREDIT QUALITY DISTRIBUTION as of 06/29/2018

Rating Assets
A-1/MIG1
A-2/MIG2
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 Positioning as of 06/30/2018

  • The portfolio is overweight bonds maturing in less than one year. These positions represent a sizable weighting in variable rate demand notes which exhibit low volatility and strong liquidity. These securities are always priced at par, and therefore, do not have the duration risk of fixed coupon bonds. The portfolio maintains a general underweight to longer maturities. For maturities longer than one year, the portfolio is focused on the 2- to 4-year range.
  • The portfolio is overweight lower quality investment grade bonds due to solid credit fundamentals and relatively attractive credit spreads.
  • The portfolio continues to maintain an overweight to revenue bonds, specifically in the health care and industrial development sectors given their dedicated income streams and favorable return prospects.

Portfolio Details as of 06/29/2018

Total Net Assets
$1.39 B
Number of Issues
313
Average Coupon
3.7%
Average Effective Maturity
2.8 Years
Average Effective Duration
2.09 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
Appling County Dev Auth - Georgia Power 1.530% 09/01/2041 2.8%
Illinois Finance Authority - Advocate Health System 1.550% 11/01/2038 2.8%
Columbia Industrial Dev Board - Alabama Power 1.430% 12/01/2037 2.3%
Ohio 1.800% 01/15/2033 2.1%
St James Parish - Nucor Steel Corp 1.630% 11/01/2040 1.4%
City of Gainesville Utilities System 1.500% 10/01/2038 1.4%
Railsplitter Tobacco Settlement Auth 5.250% 06/01/2021 1.3%
Illinois, IL 5.000% 08/01/2020 1.2%
Indiana Housing and Cmnty Dev Auth - Single Family Mortgage 1.650% 07/01/2047 1.2%
New York City Transitional Fin Auth 1.520% 08/01/2023 1.2%
% of Total Assets 17.7%

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 of05/31/2018

Holding Coupon Maturity Assets
Appling County Dev Auth - Georgia Power1.090% 09/01/20413.4%
Illinois Finance Authority - Advocate Health System1.080% 11/01/20382.8%
Saint Lucie - Florida Power & Light0.970% 09/01/20282.7%
Columbia Industrial Dev Board - Alabama Power0.980% 12/01/20372.3%
Ohio3.875% 01/15/20332.1%
Indiana Housing and Cmnty Dev Auth - Single Family Mortgage1.250% 07/01/20471.5%
St James Parish - Nucor Steel Corp1.140% 11/01/20401.4%
City of Gainesville Utilities System1.040% 10/01/20381.4%
New York City Transitional Fin Auth1.070% 08/01/20311.3%
Railsplitter Tobacco Settlement Auth5.250% 06/01/20211.3%
Illinois, IL5.000% 08/01/20201.2%
Kentucky Public Energy Auth4.000% 04/01/20481.2%
New York City General Obligation5.000% 08/01/20191.1%
Southeast Alabama Gas District/The4.000% 04/01/20491.1%
New York City Transitional Fin Auth1.100% 11/01/20221.1%
AR Development Finance Auth - Baptist Memorial Health5.000% 09/01/20441.1%
New Jersey5.000% 06/01/20191.0%
Bd of Regents of the Texas A&M Univ Sys5.000% 05/15/20230.9%
The Bd of Governors of the Univ of North Carolina1.728% 12/01/20410.9%
Montgomery Cnty Indus Dev Auth, PA2.500% 10/01/20300.9%
Arizona Hlth Facs Auth2.910% 02/01/20480.8%
Grand Parkway Transportation Corp5.000% 02/01/20230.8%
Valdez, AK5.000% 01/01/20210.8%
Bay Area Toll Auth, CA2.166% 04/01/20450.8%
California5.000% 09/01/20200.8%
Pennsylvania5.000% 08/15/20200.8%
Illinois, IL5.000% 11/01/20230.8%
Virginia Coll Bldg Auth5.000% 02/01/20210.7%
New Brunswick, NJ3.000% 05/30/20190.7%
LA Environmental Facs - Westlake Chemical6.500% 08/01/20290.7%
Connecticut Hlth & Educl Facs Auth1.878% 07/01/20490.7%
Long Island Pwr Auth, NY2.038% 05/01/20330.7%
New York City Transitional Fin Auth1.070% 11/01/20220.7%
New York City Transitional Fin Auth1.100% 08/01/20230.7%
Fairfax Cnty Indl Dev Auth, VA5.000% 05/15/20220.7%
Main Street Natural Gas, Inc.4.000% 04/01/20480.6%
California Dept of Wtr Resources1.430% 12/01/20350.6%
Central Texas Turnpike Sys5.000% 08/15/20420.6%
Florida5.000% 07/01/20210.6%
Connecticut5.000% 11/01/20220.6%
Nashville & Davidson Cnty Metro Govt, TN5.000% 07/01/20210.6%
New York City5.000% 08/01/20210.6%
California2.101% 12/01/20280.6%
New Jersey Transp Tr Fnd Auth5.000% 06/15/20230.6%
Bay Area Toll Auth, CA1.760% 04/01/20470.6%
Illinois St Toll Hwy Auth5.000% 12/01/20190.6%
Philadelphia, PA5.000% 08/01/20190.6%
Municipal Elec Auth of Georgia5.000% 01/01/20210.5%
Maricopa Cnty Poll Cntrl Corp., AZ2.400% 06/01/20430.5%
Wisconsin5.000% 05/01/20200.5%
California Infrastr & Econ Dev Bnk1.980% 04/01/20380.5%
South Central Regl Medical Center, Inc.1.700% 03/01/20200.5%
Appling Cnty Dev Auth, GA1.090% 09/01/20290.5%
Mississippi Hosp Equip & Facs Auth2.360% 08/15/20360.5%
New Jersey Hlthcare Facs Fing Auth1.350% 07/01/20380.5%
Tobacco Settlement Fing Corp.3.200% 06/01/20270.5%
Chicago, IL5.000% 01/01/20210.5%
California Infrastr & Econ Dev Bnk5.000% 07/01/20230.5%
Texas Muni Gas Acquisition & Supply Corp. III5.000% 12/15/20220.5%
Connecticut5.000% 02/15/20210.5%
Tender Option Bnd Tr Receipts/Certificates1.310% 09/01/20330.5%
Illinois Fin Auth1.875% 02/01/20330.5%
Rangely Hosp Dist4.500% 11/01/20210.4%
New Jersey Econ Dev Auth5.500% 12/15/20190.4%
Wisconsin Hlth & Edl Facs Auth1.810% 08/01/20260.4%
New York City5.000% 08/01/20190.4%
Tennessee Energy Acquisition Corp.5.250% 09/01/20180.4%
New York City Transitional Fin Auth5.000% 11/01/20210.4%
Connecticut5.000% 01/01/20260.4%
Scranton School District/PA2.198% 04/01/20310.4%
Golden St Tobacco Securitization Corp.5.000% 06/01/20200.4%
Univ of Massachusetts Bldg Auth5.000% 11/01/20210.4%
Portland5.000% 10/01/20220.4%
New Jersey Econ Dev Auth5.000% 03/01/20250.4%
Illinois, IL5.000% 11/01/20260.4%
Wisconsin5.000% 11/01/20220.4%
Illinois Fin Auth5.000% 02/15/20210.4%
Triborough Br & Tunnel Auth, NY5.000% 11/15/20210.4%
New Jersey Econ Dev Auth5.000% 11/01/20240.4%
Hawaii5.000% 11/01/20210.4%
New Hampshire Turnpike Sys5.000% 10/01/20210.4%
Ohio1.300% 01/15/20450.4%
Kentucky St Prop & Bldg Comm5.000% 11/01/20210.4%
Connecticut5.000% 08/15/20210.4%
Wise Cnty Indus Dev Auth, VA2.150% 10/01/20400.4%
California St Univ5.000% 11/01/20200.4%
Central Texas Regl Mobility Auth, TX5.000% 01/01/20450.4%
Kentucky St Prop & Bldg Comm5.000% 08/01/20200.4%
California State Pub Wks Bd5.000% 01/01/20200.4%
Maryland Dept of Transp4.000% 09/01/20260.4%
New Jersey Tpk Auth5.000% 01/01/20200.4%
Houston, TX5.000% 05/15/20200.4%
California Hlth Facs Fing Auth5.000% 07/01/20430.4%
Tobacco Settlement Auth5.000% 06/01/20190.4%
Univ of Missouri Bd of Curator5.000% 11/01/20190.4%
Montgomery Cnty Indus Dev Auth, PA2.550% 06/01/20290.4%
Massachusetts Dev Fin Agy1.560% 07/01/20380.4%
Phoenix Civ Impt Corp., AZ5.000% 07/01/20190.4%
Miami-Dade Cnty Indus Dev Auth, FL1.750% 09/01/20270.3%
New Jersey Econ Dev Auth5.000% 06/15/20210.3%
SA Energy Acquisition Pub Fac Corp.5.500% 08/01/20210.3%
New York City General Obligation0.970% 08/01/20380.3%
Buckeye Tobacco Settlement Fin Auth5.125% 06/01/20240.3%
Chicago Brd of Ed4.000% 12/01/20210.3%
Port Authority of NY & NJ - JFK International Airport5.000% 12/01/20200.3%
New Jersey Hlthcare Facs Fing Auth5.000% 07/01/20260.3%
North Texas Tollway Auth5.000% 01/01/20230.3%
Illinois Fin Auth5.000% 07/15/20570.3%
California Statewide Comntys Dev Auth3.000% 07/01/20260.3%
Hlth & Ed Facs Bd of the Metro Govt of Nashville &1.650% 12/01/20200.3%
Northhampton Cnty Gen Purp Auth, PA2.920% 08/15/20480.3%
Indianapolis Local Pub Impt Bnd Bank5.000% 06/01/20220.3%
Illinois Fin Auth5.000% 02/15/20220.3%
Suffolk Tobacco Asset Securitization Corp.5.375% 06/01/20280.3%
Washington Hlthcare Facs Auth2.427% 01/01/20420.3%
California State Pub Wks Bd5.000% 10/01/20270.3%
Pennsylvania Higher Edl Facs Auth5.000% 06/15/20200.3%
California Infrastr & Econ Dev Bnk2.038% 12/01/20500.3%
Chicago Brd of Ed4.000% 12/01/20220.3%
Southeastern Ohio Port Auth5.000% 12/01/20220.3%
Lehigh County Industrial Development Authority1.800% 02/15/20270.3%
Farmington, NM1.875% 04/01/20330.3%
New Jersey Economic Development Authority5.000% 03/01/20230.3%
Florida5.000% 07/01/20220.3%
New Jersey Tpk Auth5.000% 01/01/20270.3%
Pittsburg Redev Agy, CA5.000% 09/01/20220.3%
St Charles Parish, LA4.000% 12/01/20400.3%
Ohio5.000% 01/01/20210.3%
California Hlth Facs Fing Auth5.000% 11/01/20270.3%
New York City Transitional Fin Auth1.100% 08/01/20220.3%
York Cnty Econ Dev Auth, VA1.875% 05/01/20330.3%
New Jersey Econ Dev Auth4.000% 07/01/20220.3%
California Hlth Facs Fing Auth5.000% 11/15/20250.3%
New York City5.000% 08/01/20220.3%
New Jersey Econ Dev Auth5.000% 11/01/20220.3%
Chicago Brd of Ed4.000% 12/01/20220.3%
Rockport, IN3.050% 06/01/20250.3%
Honolulu City & Cnty, HI1.380% 09/01/20260.3%
Honolulu City & Cnty, HI1.380% 09/01/20270.3%
California Muni Fin Auth1.550% 02/01/20190.3%
Chicago Brd of Ed4.000% 12/01/20210.2%
Wisconsin Hlth & Edl Facs Auth2.650% 11/01/20200.2%
Washington5.000% 08/01/20200.2%
Maryland Hlth & Hgr Ed Facs Auth5.000% 07/01/20200.2%
Dorm Auth of the St of New York4.000% 07/01/20200.2%
Illinois, IL5.000% 02/01/20210.2%
Texas Muni Gas Acquisition & Supply Corp. III5.000% 12/15/20180.2%
Tennessee Energy Acquisition Corp.4.000% 05/01/20480.2%
Chicago Brd of Ed4.000% 12/01/20200.2%
Burke Cnty Dev Auth, GA2.400% 01/01/20400.2%
West Virginia Econ Dev Auth, WV2.625% 12/01/20420.2%
Virginia Peninsula Ports Auth1.550% 10/01/20330.2%
Lehigh County Industrial Development Authority1.800% 09/01/20290.2%
Illinois Regl Transp Auth5.000% 07/01/20250.2%
Denver City & Cnty Dept of Aviation, CO2.248% 11/15/20310.2%
Chicago, IL5.000% 11/01/20280.2%
Duluth Econ Dev Auth, MN4.750% 06/15/20220.2%
New Jersey Hlthcare Facs Fing Auth5.000% 07/01/20220.2%
Town of Oyster Bay, NY2.500% 06/01/20180.2%
Michigan Fin Auth5.000% 12/01/20260.2%
Philadelphia Sch Dist, PA5.000% 09/01/20200.2%
Iowa Higher Ed Loan Auth2.500% 10/01/20200.2%
North Texas Tollway Auth5.000% 01/01/20200.2%
Kanabec Hospital2.750% 12/01/20190.2%
Wisconsin5.000% 07/01/20220.2%
Monroeville Finance Authority3.000% 02/15/20230.2%
New Jersey Tpk Auth2.138% 01/01/20300.2%
NJ Eco Dev Auth - School Facilities5.000% 03/01/20220.2%
Honolulu City & Cnty, HI1.380% 09/01/20280.2%
Commonwealth Financing Authority5.000% 06/01/20220.2%
Illinois Regl Transp Auth5.000% 07/01/20240.2%
California Hlth Facs Fing Auth5.000% 11/15/20230.2%
Chicago Transit Auth, IL5.000% 06/01/20250.2%
Black Belt Energy Gas Dist4.000% 08/01/20470.2%
Successor Agy to the Brea Redev Agy, CA5.000% 08/01/20200.2%
Jefferson Cnty, AL5.000% 09/15/20230.2%
California Statewide Comntys Dev Auth3.000% 07/01/20270.2%
Long Island Pwr Auth, NY5.000% 09/01/20220.2%
Chicago, IL5.000% 01/01/20220.2%
Dorm Auth of the St of New York5.000% 07/01/20210.2%
Dorm Auth of the St of New York5.000% 07/01/20210.2%
Philadelphia Hosp & Hgr Ed Fac Auth, PA5.000% 07/01/20220.2%
Greeneville Health & Educational Facilities Board5.000% 07/01/20220.2%
Philadelphia, PA5.000% 08/01/20200.2%
Montgomery Cnty Indus Dev Auth, PA5.000% 01/15/20210.2%
Successor Agy to the Brea Redev Agy, CA5.000% 08/01/20190.2%
West Virginia2.000% 06/01/20210.2%
Tempe Industrial Development Authority4.000% 10/01/20230.1%
California Hlth Facs Fing Auth5.000% 07/01/20340.1%
Tobacco Settlement Auth5.000% 06/01/20180.1%
Morgan County Hospital Authority/GA2.750% 09/01/20190.1%
Iowa Finance Auth - Iowa Fertilizer Co5.000% 12/01/20190.1%
California2.148% 12/01/20310.1%
E-470 Pub Hwy Auth, CO2.377% 09/01/20390.1%
Louisiana Offshore Term Auth2.000% 10/01/20400.1%
Michigan Fin Auth5.000% 11/15/20220.1%
Twin Rivers Unif Sch Dist, CA3.200% 06/01/20410.1%
Michigan Strategic Fnd1.450% 09/01/20300.1%
Greeneville Health & Educational Facilities Board5.000% 07/01/20210.1%
San Buenaventura Pub Fac Fing Auth, CA5.750% 12/01/20180.1%
City of Lenexa KS5.000% 05/15/20220.1%
Triborough Br & Tunnel Auth, NY5.500% 11/15/20210.1%
Chicago, IL5.250% 01/01/20270.1%
California State Pub Wks Bd5.000% 10/01/20260.1%
North Carolina Turnpike Auth5.000% 01/01/20280.1%
Illinois Fin Auth4.000% 09/01/20190.1%
Kentucky Mun Pwr Agy3.450% 09/01/20420.1%
Wayne Cnty Arpt Auth5.000% 12/01/20220.1%
Multnomah Cnty Hosp Facs Auth, OR5.000% 10/01/20240.1%
Public Auth For CO Energy5.750% 11/15/20180.1%
South Florida Wtr Mgmt Dist5.000% 10/01/20220.1%
Greeneville Health & Educational Facilities Board5.000% 07/01/20230.1%
Cnty of Cuyahoga, OH5.000% 02/15/20250.1%
Harris County Toll Road Authority/The5.000% 08/15/20210.1%
TSASC, Inc.5.000% 06/01/20210.1%
Chicago5.000% 01/01/20210.1%
Kentucky Econ Dev Fin Auth5.000% 06/01/20250.1%
Inland Empire Tobacco Securitization Auth4.625% 06/01/20210.1%
California Muni Fin Auth5.000% 07/01/20260.1%
Dorm Auth of the St of New York4.000% 12/01/20190.1%
South Miami Hlth Fac Auth, FL5.000% 08/15/20230.1%
Antelope Valley Hlthcare Dist5.000% 03/01/20210.1%
Central Plains Energy Pj5.000% 09/01/20270.1%
Floyd Cnty Dev Auth, GA2.350% 07/01/20220.1%
Genesis Hlthcare Sys, OH5.000% 02/15/20190.1%
Sartell, MN4.000% 09/01/20200.1%
New Jersey Econ Dev Auth5.000% 06/15/20250.1%
Brooklyn Arena Local Dev Corp.5.000% 07/15/20220.1%
Genesis Hlthcare Sys, OH5.000% 02/15/20200.1%
City of Rockville MD2.500% 11/01/20240.1%
Chicago, IL5.250% 01/01/20230.1%
St. Paul Hsg & Redev Auth, MN5.000% 11/15/20200.1%
District of Columbia, DC5.000% 07/15/20210.1%
Illinois Fin Auth5.000% 05/15/20250.1%
Cleveland St Univ, OH5.000% 06/01/20190.1%
Bay Area Toll Auth, CA4.000% 04/01/20290.1%
New Jersey Transp Tr Fnd Auth5.000% 06/15/20190.1%
Southeastern Pennsylvania Transp Auth5.000% 06/01/20180.1%
Montgomery Cnty Indus Dev Auth, PA5.000% 01/15/20200.1%
St. Paul Hsg & Redev Auth, MN5.000% 11/15/20190.1%
Dorm Auth of the St of New York4.000% 12/01/20210.1%
City of Irvine CA4.000% 09/02/20180.1%
Chicago Brd of Ed5.000% 12/01/20190.1%
Commonwealth Financing Authority5.000% 06/01/20230.1%
Chicago, IL5.000% 11/01/20210.1%
Brooklyn Arena Local Dev Corp.5.000% 07/15/20210.1%
New Hope Cultural Ed Fin Corp, TX5.000% 08/15/20230.1%
Cleveland, OH5.000% 01/01/20230.1%
Allentown Neighborhood Impt Zone Dev Auth5.000% 05/01/20220.1%
South Miami Hlth Fac Auth, FL5.000% 08/15/20220.1%
Troy Capital Resources Corp., NY5.000% 08/01/20220.1%
Chicago, IL5.000% 11/01/20220.1%
Pittsburg Redev Agy, CA5.000% 09/01/20210.1%
California Statewide Comntys Dev Auth5.000% 05/15/20220.1%
Pub Fin Auth3.000% 11/15/20220.1%
Chicago, IL5.000% 01/01/20210.1%
City of Lenexa KS5.000% 05/15/20250.1%
Stockton Pub Fincg Auth, CA5.000% 09/01/20200.1%
Chicago Brd of Ed5.000% 12/01/20220.1%
Texas Muni Gas Acquisition & Supply Corp. III5.000% 12/15/20190.1%
Los Angeles Cnty, CA5.000% 08/01/20190.1%
Dorm Auth of the St of New York4.000% 12/01/20200.1%
E-470 Pub Hwy Auth, CO5.000% 09/01/20190.1%
Guam Pwr Auth5.000% 10/01/20190.1%
Dorm Auth of the St of New York5.000% 12/01/20180.1%
Philadelphia, PA5.000% 11/01/20230.1%
Alaska Indus Dev & Export Auth, AK3.500% 12/01/20200.1%
Washington St Hsg Fin Comm4.000% 07/01/20180.1%
Philadelphia Sch Dist, PA5.000% 09/01/20210.1%
Niagara Area Dev Corp - Covanta Energy4.000% 11/01/20240.1%
New Jersey Econ Dev Auth5.000% 06/15/20220.1%
New Jersey Hlthcare Facs Fing Auth5.000% 07/01/20210.1%
Philadelphia, PA5.000% 08/01/20230.1%
Philadelphia, PA5.000% 08/01/20240.1%
Oklahoma Dev Fin Auth5.000% 08/15/20260.1%
Kirkwood Indus Dev Auth5.000% 05/15/20220.1%
Illinois, IL5.000% 02/01/20200.1%
Philadelphia, PA5.000% 08/01/20220.1%
North Carolina Medical Care Comm5.000% 10/01/20230.1%
Buncombe Cnty, NC5.000% 06/01/20200.1%
Puerto Rico Elec Pwr Auth5.250% 07/01/20180.1%
Illinois Fin Auth5.000% 11/15/20210.1%
Phoenix Indus Dev Auth, AZ3.000% 07/01/20200.1%
Lancaster Cnty Hosp Auth, PA5.000% 07/01/20250.1%
JEA5.000% 10/01/20200.0%
Oklahoma Dev Fin Auth5.000% 08/15/20250.0%
Philadelphia Sch Dist, PA5.000% 09/01/20220.0%
Long Island Pwr Auth, NY5.000% 09/01/20270.0%
Long Island Pwr Auth, NY5.000% 09/01/20260.0%
Pennsylvania5.000% 07/01/20250.0%
New Jersey Bldg Auth5.000% 06/15/20220.0%
Tulsa Cnty Indus Auth5.000% 11/15/20260.0%
Michigan Fin Auth5.000% 07/01/20220.0%
Pennsylvania5.000% 07/01/20230.0%
Philadelphia Sch Dist, PA5.000% 09/01/20230.0%
Tarrant Cnty Cult Ed Facs Fin Corp, TX3.875% 11/15/20220.0%
Karnes Cnty Hosp Dist4.000% 02/01/20190.0%
Palomar Hlth5.000% 11/01/20210.0%
Illinois Fin Auth5.000% 11/15/20200.0%
Cleveland, OH5.000% 01/01/20220.0%
Wisconsin Hlth & Edl Facs Auth3.500% 08/01/20220.0%
Village Comnty Dev Dist No. 123.250% 05/01/20230.0%
Troy Capital Resources Corp., NY5.000% 08/01/20210.0%
Michigan Fin Auth5.000% 07/01/20210.0%
Multnomah Cnty Hosp Facs Auth, OR5.000% 10/01/20190.0%
New Hampshire Hlth & Ed Facs Auth3.500% 07/01/20220.0%
Colorado Hlth Facs Auth4.000% 01/01/20210.0%
Allentown Neighborhood Impt Zone Dev Auth5.000% 05/01/20230.0%
California Dept of Wtr Resources5.000% 12/01/20190.0%
Phoenix Indus Dev Auth, AZ5.000% 07/01/20260.0%
JEA5.000% 10/01/20200.0%
Indus Dev Auth of the Twn of Florence, Inc., AZ4.000% 07/01/20180.0%
Phoenix Indus Dev Auth, AZ5.000% 07/01/20230.0%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 07/18/2018
$0.061
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 06/30/2018 $0.01238 $15.48
Daily Daily 05/31/2018 $0.01068 $15.47
Daily Daily 04/30/2018 $0.01230 $15.42
Daily Daily 03/31/2018 $0.00909 $15.46
Daily Daily 02/28/2018 $0.00981 $15.48
Daily Daily 01/31/2018 $0.00755 $15.50

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 07/31/2018
Daily Daily 08/31/2018
Daily Daily 09/30/2018
Daily Daily 10/31/2018
Daily Daily 11/30/2018
Daily Daily 12/31/2018

Capital Gains Distributions

For
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. 

Upcoming Capital Gain Distribution

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
12/19/2018 12/20/2018

Fees & Expenses

Fees & Expenses

Expense Ratioas of 06/30/2018

1.27%

Expense ratio details, Click here.

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
 Quantity
Quantity
 Remove
Remove
+

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

                    

1

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.

 

2

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.

 

3

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.

 

4

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.

 

5

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

 

6

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

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. 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.

Although the Short Duration Tax Free Fund may invest significantly in money market securities and their equivalents for investment purposes as well as for cash management purposes, it is not a money market fund and is not subject to the regulatory requirements applicable to money market funds.

 

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.

 

 

Class C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

Class C shares are only offered to certain eligible investors.  For additional information, see the Fund’s current prospectus.

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

 

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

 

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

 

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

 

The Bloomberg Barclays Municipal Bond Short 1-5 Year Index is the Muni Short 1-5 year component of the Municipal Bond index. The Bloomberg Barclays 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.  To be included in the index, bonds must be rated investment-grade (Baa3/BBB- or higher) by at least two of the following ratings agencies: Moody's, S&P, Fitch. If only two of the three agencies rate the security, the lower rating is used to determine index eligibility. If only one of the three agencies rates a security, the rating must be investment-grade. They must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate, have a dated-date after December 31, 1990, and must be at least one year from their maturity date. 

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

 

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

 

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

 

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

 

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

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

 

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

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

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field