Short Duration Tax Free Fund
Daily price w/o sales charge as of 03/28/2024
$15.02
$0.00
YTD Returns w/o sales charge as of 03/28/2024
0.26%
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 | 2.29% | 2.28% |
Average Yield to Worst as of 02/29/2024 |
3.89% |
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 02/29/2024
- Total Net Assets
- $1.55 B
- Inception Date
- 12/31/2008
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 1.27%
- Fund Net Expense Ratio
- 1.26%
- Number of Holdings
- 261
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 1.27%
Net 1.26%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 0.23% | 2.85% | -0.75% | 0.28% | 0.26% | 0.89% |
Lipper Category Avg. Short Municipal Debt Funds | 0.28% | 3.68% | 0.61% | 1.10% | 0.90% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | -0.07% | 3.62% | 0.25% | 1.22% | 1.22% | 1.76% |
w/ sales charge | -0.77% | 1.85% | -0.75% | 0.28% | 0.26% | 0.89% |
Fund Expense Ratio :
Gross 1.27%
Net 1.26%
Fund Expense Ratio :
Gross 1.27%
Net 1.26%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 2.49% | 2.49% | -0.93% | 0.39% | 0.32% | 0.89% |
Lipper Category Avg. Short Municipal Debt Funds | 3.61% | 3.61% | 0.48% | 1.17% | 0.94% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 3.58% | 3.58% | 0.22% | 1.42% | 1.31% | 1.78% |
w/ sales charge | 1.49% | 1.49% | -0.93% | 0.39% | 0.32% | 0.89% |
Fund Expense Ratio :
Gross 1.27%
Net 1.26%
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 | |
GO State | |
Other | |
Housing | |
Special Tax | |
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 02/29/2024
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
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Performance
Performance
Average Yield to Worst as of 02/29/2024
30-Day Standardized Yield 1 as of 02/29/2024
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 2.29% | 2.28% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 1.27%
Net 1.26%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 0.23% | 2.85% | -0.75% | 0.28% | 0.26% | 0.89% |
Lipper Category Avg. Short Municipal Debt Funds | 0.28% | 3.68% | 0.61% | 1.10% | 0.90% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | -0.07% | 3.62% | 0.25% | 1.22% | 1.22% | 1.76% |
w/ sales charge | -0.77% | 1.85% | -0.75% | 0.28% | 0.26% | 0.89% |
Fund Expense Ratio :
Gross 1.27%
Net 1.26%
Fund Expense Ratio :
Gross 1.27%
Net 1.26%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 2.49% | 2.49% | -0.93% | 0.39% | 0.32% | 0.89% |
Lipper Category Avg. Short Municipal Debt Funds | 3.61% | 3.61% | 0.48% | 1.17% | 0.94% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 3.58% | 3.58% | 0.22% | 1.42% | 1.31% | 1.78% |
w/ sales charge | 1.49% | 1.49% | -0.93% | 0.39% | 0.32% | 0.89% |
Fund Expense Ratio :
Gross 1.27%
Net 1.26%
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 | 2.49% | 3.58% |
2022 | -4.77% | -3.17% |
2021 | -0.37% | 0.37% |
2020 | 1.40% | 2.82% |
2019 | 3.43% | 3.66% |
2018 | 0.48% | 1.77% |
2017 | 1.02% | 1.61% |
2016 | -1.27% | 0.07% |
2015 | 0.09% | 1.21% |
2014 | 0.94% | 1.31% |
2013 | -0.64% | - |
2012 | 1.49% | - |
2011 | 2.75% | - |
2010 | 1.36% | - |
2009 | 5.24% | - |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | - | - | - | - |
2023 | 0.86% | -0.06% | -0.57% | 2.26% |
2022 | -3.55% | -1.08% | -1.67% | 1.51% |
2021 | -0.16% | 0.37% | -0.41% | -0.16% |
2020 | -1.82% | 1.70% | 0.80% | 0.75% |
2019 | 1.36% | 1.08% | 0.55% | 0.40% |
2018 | -0.28% | 0.36% | -0.07% | 0.48% |
2017 | 0.77% | 0.58% | 0.25% | -0.57% |
2016 | 0.37% | 0.44% | -0.14% | -1.92% |
2015 | 0.16% | -0.35% | 0.30% | -0.02% |
2014 | 0.47% | 0.33% | 0.23% | -0.10% |
2013 | 0.38% | -1.17% | 0.01% | 0.15% |
2012 | 0.59% | 0.47% | 0.57% | -0.14% |
2011 | 0.41% | 1.18% | 0.80% | 0.33% |
2010 | 0.29% | 0.75% | 1.16% | -0.83% |
2009 | 2.13% | 0.77% | 2.05% | 0.21% |
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 | |
GO Local | |
Power | |
GO State | |
Other | |
Housing | |
Special Tax | |
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 | |
AL | |
PA | |
TX | |
NJ | |
FL | |
CA | |
LA | |
WI | |
OH | |
GA | |
WA | |
NC | |
SC | |
DE | |
NE | |
CO | |
MD | |
MO | |
MA | |
KY | |
MN | |
TN | |
ID | |
NM | |
WV | |
DC | |
UT | |
IN | |
VA | |
AZ | |
CT | |
OR | |
KS | |
ND | |
MI | |
Other U.S. Territories | |
OK | |
NV |
CREDIT QUALITY DISTRIBUTION as of 02/29/2024
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 02/29/2024
- Total Net Assets
- $1.55 B
- Average Effective Duration
- 1.92 Years
- Average Effective Maturity
- 3.4 Years
- Number of Issues
- 261
- Average Yield to Worst
- 3.89%
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 | 3.970% | 03/07/2024 | 2.3% |
Lower Alabama Gas District/The | 4.000% | 11/24/2050 | 2.2% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 08/31/2025 | 1.7% |
Wisconsin Health & Educational Facilities Authorit | 5.150% | 03/01/2024 | 1.7% |
Tender Option Bond Trust Receipts/Certificates | 3.970% | 03/07/2024 | 1.6% |
Lower Colorado River Authority | 5.000% | 05/11/2039 | 1.4% |
Central Plains Energy Project | 5.738% | 07/01/2029 | 1.3% |
Harris County Cultural Education Facilities Financ | 3.820% | 03/07/2024 | 1.3% |
Rib Floater Trust Various States | 3.950% | 03/07/2024 | 1.3% |
Main Street Natural Gas Inc | 4.000% | 10/31/2027 | 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 of01/31/2024
Holding | Coupon | Maturity | Assets |
---|
Tender Option Bond Trust Receipts/Certificates | 4.920% | 02/07/2024 | 2.2% |
Lower Alabama Gas District/The | 4.000% | 11/23/2050 | 2.2% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 08/30/2025 | 1.7% |
Wisconsin Health & Educational Facilities Authorit | 6.230% | 02/01/2024 | 1.7% |
Tender Option Bond Trust Receipts/Certificates | 4.920% | 02/07/2024 | 1.6% |
Lower Colorado River Authority | 5.000% | 05/10/2039 | 1.4% |
City Of New York Ny | 3.950% | 02/01/2024 | 1.4% |
City Of New York Ny | 3.950% | 02/01/2024 | 1.3% |
Central Plains Energy Project | 5.738% | 06/30/2029 | 1.3% |
Rib Floater Trust Various States | 4.850% | 02/07/2024 | 1.3% |
Rib Floater Trust Various States | 4.900% | 02/07/2024 | 1.3% |
Black Belt Energy Gas District | 4.000% | 09/22/2052 | 1.3% |
Main Street Natural Gas Inc | 4.000% | 10/31/2027 | 1.2% |
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 | 5.970% | 02/07/2024 | 1.1% |
New York State Thruway Authority | 5.000% | 12/30/2026 | 1.0% |
Town Of Westborough Ma | 5.000% | 03/28/2024 | 1.0% |
Township Of Woodbridge Nj | 4.500% | 03/15/2024 | 1.0% |
Louisiana Local Government Environmental Facilitie | 0.875% | 01/25/2046 | 1.0% |
Wisconsin Health & Educational Facilities Authorit | 6.230% | 02/07/2024 | 1.0% |
California Community Choice Financing Authority | 5.258% | 07/31/2028 | 1.0% |
General Authority Of Southcentral Pennsylvania | 5.150% | 03/12/2024 | 1.0% |
California Health Facilities Financing Authority | 5.000% | 11/04/2061 | 0.9% |
County Of Lehigh Pa | 5.650% | 08/11/2038 | 0.9% |
Port Of Port Arthur Navigation District | 3.900% | 02/07/2024 | 0.9% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/13/2025 | 0.8% |
Pennsylvania Higher Educational Facilities Authori | 5.200% | 02/07/2024 | 0.8% |
Black Belt Energy Gas District | 4.000% | 11/23/2049 | 0.8% |
City Of Auburn Ny | 4.750% | 08/14/2024 | 0.8% |
Jersey City Municipal Utilities Authority | 4.000% | 05/03/2024 | 0.7% |
Long Island Power Authority | 0.850% | 08/24/2050 | 0.7% |
County Of Nez Perce Id | 2.750% | 09/30/2024 | 0.7% |
Development Authority Of Appling County | 3.700% | 02/01/2024 | 0.7% |
City Of Chicago Il | 5.000% | 12/29/2028 | 0.7% |
Harris County Cultural Education Facilities Financ | 5.400% | 11/30/2026 | 0.7% |
Kentucky Public Energy Authority | 5.250% | 03/23/2054 | 0.7% |
Health & Educational Facilities Authority Of The S | 5.000% | 05/27/2039 | 0.7% |
Tennessee Energy Acquisition Corp | 5.000% | 04/22/2053 | 0.7% |
State Of Illinois | 5.000% | 11/29/2025 | 0.7% |
Delaware State Economic Development Authority | 1.250% | 09/24/2045 | 0.7% |
State Of Illinois | 5.000% | 04/28/2030 | 0.7% |
California Municipal Finance Authority | 5.000% | 10/31/2026 | 0.7% |
City Of Newark Nj | 5.000% | 09/26/2024 | 0.7% |
Township Of Barnegat Nj | 5.000% | 05/23/2024 | 0.7% |
University Of Pittsburgh-Of The Commonwealth Syste | 4.000% | 04/13/2026 | 0.6% |
Charlotte-Mecklenburg Hospital Authority/The | 5.000% | 12/01/2024 | 0.6% |
Rib Floater Trust Various States | 4.900% | 02/07/2024 | 0.6% |
State Of Ohio | 5.080% | 02/07/2024 | 0.6% |
Philadelphia Authority For Industrial Development | 5.210% | 02/07/2024 | 0.6% |
Florida Insurance Assistance Interlocal Agency Inc | 5.440% | 02/07/2024 | 0.6% |
State Of Ohio | 5.080% | 02/07/2024 | 0.6% |
University Of Colorado | 2.000% | 10/14/2024 | 0.6% |
County Of Fairfax Va | 4.000% | 09/29/2026 | 0.6% |
County Of Jefferson Al Sewer Revenue | 5.000% | 09/26/2037 | 0.6% |
New York State Housing Finance Agency | 0.750% | 10/30/2025 | 0.6% |
Sauquoit Valley Central School District | 4.500% | 06/21/2024 | 0.6% |
Ohio Air Quality Development Authority | 2.400% | 11/26/2038 | 0.6% |
California Community Choice Financing Authority | 5.250% | 10/23/2054 | 0.6% |
Tender Option Bond Trust Receipts/Certificates | 4.920% | 02/07/2024 | 0.6% |
Delaware State Economic Development Authority | 1.250% | 09/25/2040 | 0.6% |
County Of Camden Nj | 4.500% | 05/22/2024 | 0.6% |
Citizens Memorial Hospital District | 5.000% | 11/30/2026 | 0.6% |
New Mexico Municipal Energy Acquisition Authority | 5.000% | 10/27/2039 | 0.5% |
Borough Of Riverdale Nj | 4.750% | 06/05/2024 | 0.5% |
Allegheny County Hospital Development Authority | 5.000% | 03/29/2029 | 0.5% |
Patriots Energy Group Financing Agency | 4.000% | 02/01/2024 | 0.5% |
Commonwealth Of Pennsylvania | 5.000% | 09/14/2025 | 0.5% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/27/2036 | 0.5% |
State Of Illinois | 5.000% | 02/27/2027 | 0.5% |
Northampton County General Purpose Authority | 4.901% | 02/15/2024 | 0.5% |
Parish Of St John The Baptist La | 2.100% | 06/30/2024 | 0.5% |
Washington Health Care Facilities Authority | 5.000% | 07/24/2049 | 0.5% |
Wisconsin Housing & Economic Development Authority | 0.810% | 10/23/2052 | 0.5% |
Illinois Finance Authority | 5.000% | 08/06/2052 | 0.5% |
West Virginia Economic Development Authority | 0.625% | 12/14/2025 | 0.5% |
Harris County Cultural Education Facilities Financ | 5.120% | 12/03/2024 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 05/30/2025 | 0.5% |
State Of Illinois | 5.000% | 10/29/2030 | 0.5% |
State Of Illinois Sales Tax Revenue | 5.000% | 06/15/2024 | 0.5% |
Seattle Housing Authority | 5.000% | 08/31/2026 | 0.5% |
Minnesota Housing Finance Agency | 5.000% | 06/22/2053 | 0.5% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/14/2024 | 0.5% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/12/2030 | 0.5% |
City Of Chicago Il | 5.000% | 12/30/2025 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 05/30/2026 | 0.5% |
County Of Dane Wi | 4.000% | 05/30/2025 | 0.4% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/11/2036 | 0.4% |
State Of Illinois | 5.000% | 01/30/2028 | 0.4% |
California Infrastructure & Economic Development B | 5.250% | 05/31/2026 | 0.4% |
Minnesota Housing Finance Agency | 6.250% | 06/22/2054 | 0.4% |
Colorado Housing And Finance Authority | 3.000% | 04/23/2051 | 0.4% |
Parish Of St John The Baptist La | 2.125% | 06/30/2024 | 0.4% |
North Carolina Housing Finance Agency | 6.250% | 12/23/2054 | 0.4% |
Delaware State Economic Development Authority | 1.050% | 12/29/2030 | 0.4% |
Development Authority Of Monroe County/The | 3.875% | 03/05/2026 | 0.4% |
Triborough Bridge & Tunnel Authority | 5.000% | 05/07/2051 | 0.4% |
Delaware Valley Regional Finance Authority | 4.950% | 02/28/2026 | 0.4% |
School District Of Broward County/Fl | 5.000% | 06/27/2035 | 0.4% |
North Texas Tollway Authority | 5.000% | 12/30/2025 | 0.4% |
Harris County Cultural Education Facilities Financ | 5.000% | 06/23/2049 | 0.4% |
State Of Illinois | 5.000% | 02/27/2025 | 0.4% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/11/2036 | 0.4% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/27/2037 | 0.4% |
Development Authority Of Burke County/The | 2.875% | 11/23/2049 | 0.4% |
State Of Washington | 5.000% | 07/30/2028 | 0.4% |
Allegheny County Industrial Development Authority | 4.875% | 10/31/2024 | 0.3% |
New York State Urban Development Corp | 5.000% | 03/10/2038 | 0.3% |
State Of Maryland | 4.000% | 07/30/2028 | 0.3% |
State Of Illinois | 5.000% | 10/30/2027 | 0.3% |
Hospitals & Higher Education Facilities Authority | 5.000% | 06/29/2027 | 0.3% |
County Of Cook Il | 4.000% | 11/13/2026 | 0.3% |
Sales Tax Securitization Corp | 5.000% | 12/31/2024 | 0.3% |
Commonwealth Financing Authority | 5.000% | 06/01/2024 | 0.3% |
Energy Southeast A Cooperative District | 2.870% | 07/30/2031 | 0.3% |
North Carolina Capital Facilities Finance Agency | 3.650% | 03/01/2024 | 0.3% |
State Of Ohio | 3.950% | 03/01/2024 | 0.3% |
Industrial Development Board Of The City Of Mobile | 3.650% | 01/09/2025 | 0.3% |
Louisiana Stadium & Exposition District | 5.000% | 06/27/2036 | 0.3% |
Northern California Energy Authority | 4.000% | 06/30/2024 | 0.3% |
Texas Municipal Gas Acquisition & Supply Corp Iv | 5.250% | 06/29/2029 | 0.3% |
Main Street Natural Gas Inc | 5.000% | 05/13/2025 | 0.3% |
City Of Seattle Wa Municipal Light & Power Revenue | 4.800% | 10/31/2026 | 0.3% |
City Of Chicago Il | 5.000% | 12/30/2026 | 0.3% |
Chicago O'Hare International Airport | 5.000% | 12/29/2030 | 0.3% |
Intermountain Power Agency | 5.000% | 06/27/2036 | 0.3% |
Charlotte-Mecklenburg Hospital Authority/The | 5.000% | 01/07/2050 | 0.3% |
Parish Of St John The Baptist La | 4.050% | 05/27/2037 | 0.3% |
Central Texas Turnpike System | 5.000% | 08/12/2031 | 0.3% |
Western Placer Unified School District | 2.000% | 05/31/2025 | 0.3% |
Chicago Board Of Education | 5.000% | 11/27/2034 | 0.3% |
California State University | 0.550% | 10/24/2049 | 0.3% |
Parish Of St John The Baptist La | 2.375% | 05/27/2037 | 0.3% |
Illinois Finance Authority | 4.917% | 08/31/2025 | 0.3% |
State Of Illinois | 5.000% | 02/27/2026 | 0.3% |
Indiana Finance Authority | 0.650% | 07/30/2025 | 0.3% |
Maricopa County Industrial Development Authority | 5.120% | 10/17/2024 | 0.3% |
New Jersey Economic Development Authority | 5.000% | 06/13/2026 | 0.3% |
State Of Illinois | 5.000% | 02/27/2025 | 0.3% |
Portland Community College District | 5.000% | 06/10/2038 | 0.3% |
Intermountain Power Agency | 5.000% | 06/26/2037 | 0.3% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2024 | 0.3% |
Brevard County Health Facilities Authority | 5.000% | 03/30/2028 | 0.3% |
Long Island Power Authority | 1.650% | 09/01/2024 | 0.3% |
Virginia Beach Development Authority | 5.375% | 08/29/2029 | 0.3% |
State Of Texas | 5.000% | 04/01/2024 | 0.2% |
Brevard County Health Facilities Authority | 5.000% | 03/30/2027 | 0.2% |
New York State Housing Finance Agency | 0.750% | 10/30/2025 | 0.2% |
Development Authority Of Burke County/The | 1.500% | 12/27/2039 | 0.2% |
Maryland Economic Development Corp | 5.750% | 08/30/2025 | 0.2% |
Parish Of St James La | 5.850% | 07/26/2041 | 0.2% |
Peninsula Ports Authority | 3.800% | 09/30/2024 | 0.2% |
City Of Rockport In | 3.050% | 05/31/2025 | 0.2% |
Texas State Affordable Housing Corp | 3.625% | 12/31/2026 | 0.2% |
California State Public Works Board | 5.000% | 09/29/2027 | 0.2% |
E-470 Public Highway Authority | 3.908% | 09/01/2024 | 0.2% |
Connecticut Housing Finance Authority | 4.000% | 05/07/2049 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 06/13/2028 | 0.2% |
Kentucky Public Energy Authority | 4.000% | 03/15/2024 | 0.2% |
Louisiana Stadium & Exposition District | 5.000% | 06/27/2035 | 0.2% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/29/2028 | 0.2% |
State Of Illinois | 5.000% | 10/30/2025 | 0.2% |
State Of Illinois | 5.250% | 01/29/2030 | 0.2% |
Texas Private Activity Bond Surface Transportation | 4.000% | 12/28/2030 | 0.2% |
Ohio Housing Finance Agency | 4.500% | 02/21/2050 | 0.2% |
North Dakota Housing Finance Agency | 4.000% | 12/24/2049 | 0.2% |
State Of Washington | 5.000% | 06/29/2027 | 0.2% |
Commonwealth Financing Authority | 5.000% | 05/31/2025 | 0.2% |
Industrial Development Board Of The City Of Mobile | 1.000% | 05/28/2034 | 0.2% |
Michigan State Housing Development Authority | 4.250% | 11/23/2049 | 0.2% |
South Carolina Jobs-Economic Development Authority | 5.250% | 11/12/2028 | 0.2% |
Connecticut Housing Finance Authority | 6.250% | 05/06/2054 | 0.2% |
Illinois Housing Development Authority | 4.000% | 05/31/2025 | 0.2% |
Northside Independent School District | 1.600% | 08/01/2024 | 0.2% |
State Of Ohio | 5.000% | 11/29/2027 | 0.2% |
Allegheny County Hospital Development Authority | 5.000% | 03/30/2026 | 0.2% |
Selma Industrial Development Board | 2.000% | 09/30/2024 | 0.2% |
Central Texas Regional Mobility Authority | 5.000% | 06/30/2024 | 0.2% |
City Of Farmington Nm | 3.900% | 05/27/2040 | 0.2% |
Wisconsin Housing & Economic Development Authority | 0.610% | 05/01/2024 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/13/2026 | 0.2% |
State Of Maryland Department Of Transportation | 5.000% | 09/29/2027 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/13/2026 | 0.2% |
North Carolina Housing Finance Agency | 4.000% | 12/24/2049 | 0.2% |
Minnesota Housing Finance Agency | 4.250% | 06/23/2049 | 0.2% |
State Of Illinois | 5.000% | 09/28/2029 | 0.1% |
New York State Dormitory Authority | 5.000% | 09/30/2024 | 0.1% |
Tarrant County Cultural Education Facilities Finan | 5.000% | 11/06/2052 | 0.1% |
West Virginia Economic Development Authority | 2.550% | 04/01/2024 | 0.1% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/11/2036 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/29/2026 | 0.1% |
Chicago Transit Authority Capital Grant Receipts R | 5.000% | 05/30/2025 | 0.1% |
City Of Seneca Ks | 5.000% | 05/31/2025 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 06/30/2024 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/12/2028 | 0.1% |
Berks County Municipal Authority/The | 5.000% | 01/27/2040 | 0.1% |
New York City Industrial Development Agency | 4.017% | 02/28/2026 | 0.1% |
Washington Health Care Facilities Authority | 5.950% | 06/30/2024 | 0.1% |
Chicago Board Of Education | 5.000% | 11/27/2033 | 0.1% |
Ohio Air Quality Development Authority | 1.900% | 09/30/2024 | 0.1% |
New York City Housing Development Corp | 0.700% | 10/31/2024 | 0.1% |
Western Placer Unified School District | 2.000% | 05/31/2025 | 0.1% |
Colorado Health Facilities Authority | 5.000% | 11/07/2049 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/29/2029 | 0.1% |
California Housing Finance Agency | 5.000% | 08/31/2026 | 0.1% |
Development Authority Of Monroe County/The | 1.500% | 12/27/2038 | 0.1% |
Metropolitan Transportation Authority | 5.000% | 11/13/2026 | 0.1% |
Missouri Housing Development Commission | 3.250% | 10/23/2052 | 0.1% |
Kentucky Municipal Power Agency | 3.450% | 02/28/2026 | 0.1% |
City Of Chicago Il | 5.250% | 12/31/2024 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/14/2025 | 0.1% |
Metropolitan Government Nashville & Davidson Count | 5.000% | 06/29/2028 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/30/2025 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/29/2028 | 0.1% |
North Carolina Turnpike Authority | 5.000% | 12/30/2027 | 0.1% |
County Of Cuyahoga Oh | 5.000% | 02/13/2025 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/01/2024 | 0.1% |
California State Public Works Board | 5.000% | 09/29/2026 | 0.1% |
Industrial Development Authority Of The County Of | 5.125% | 11/12/2029 | 0.1% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2024 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/30/2027 | 0.1% |
Kentucky Economic Development Finance Authority | 5.000% | 05/30/2025 | 0.1% |
California Municipal Finance Authority | 5.000% | 06/30/2026 | 0.1% |
Central Plains Energy Project | 5.000% | 08/30/2027 | 0.1% |
Public Finance Authority | 5.000% | 11/29/2027 | 0.1% |
Village Community Development District No 13 | 2.625% | 04/28/2030 | 0.1% |
Ohio Air Quality Development Authority | 4.000% | 08/29/2030 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 06/13/2025 | 0.1% |
Development Authority Of Appling County | 1.500% | 12/27/2037 | 0.1% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/11/2035 | 0.1% |
Illinois Finance Authority | 5.000% | 08/29/2028 | 0.1% |
Village Community Development District No 13 | 1.875% | 04/29/2025 | 0.1% |
Capital Trust Agency Inc | 4.000% | 06/12/2029 | 0.1% |
New York State Dormitory Authority | 5.000% | 02/27/2030 | 0.1% |
Orange County Health Facilities Authority | 5.000% | 09/29/2027 | 0.1% |
City Of Lenexa Ks | 5.000% | 05/14/2025 | 0.1% |
California Housing Finance Agency | 4.000% | 03/16/2033 | 0.1% |
Ohio Air Quality Development Authority | 1.500% | 11/03/2025 | 0.1% |
Orange County Health Facilities Authority | 5.000% | 09/28/2028 | 0.1% |
Philadelphia Gas Works Co | 5.000% | 08/01/2024 | 0.1% |
State Of New York Mortgage Agency Homeowner Mortga | 3.500% | 03/24/2049 | 0.1% |
Industrial Development Authority Of The County Of | 3.500% | 06/30/2025 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 06/29/2025 | 0.1% |
Oklahoma Development Finance Authority | 5.000% | 08/13/2026 | 0.1% |
City Of New York Ny | 4.500% | 02/01/2024 | 0.0% |
Niagara Area Development Corp | 3.500% | 10/31/2024 | 0.0% |
Florida Higher Educational Facilities Financial Au | 5.000% | 02/28/2025 | 0.0% |
Florida Higher Educational Facilities Financial Au | 5.000% | 03/01/2024 | 0.0% |
Illinois Finance Authority | 5.000% | 08/29/2029 | 0.0% |
Berks County Industrial Development Authority | 5.000% | 10/30/2026 | 0.0% |
Oklahoma Development Finance Authority | 5.000% | 08/13/2025 | 0.0% |
Illinois Finance Authority | 5.000% | 05/14/2025 | 0.0% |
Commonwealth Of Pennsylvania | 5.000% | 06/30/2025 | 0.0% |
Tulsa County Industrial Authority | 5.000% | 11/14/2026 | 0.0% |
Hospital Facilities Authority Of Multnomah County | 5.000% | 09/30/2024 | 0.0% |
State Of Ohio | 5.000% | 01/14/2027 | 0.0% |
California State Public Works Board | 5.000% | 09/30/2027 | 0.0% |
City Of Sparks Nv | 2.750% | 06/13/2028 | 0.0% |
Colorado Health Facilities Authority | 5.000% | 11/07/2049 | 0.0% |
California State Public Works Board | 5.000% | 09/30/2026 | 0.0% |
Village Community Development District No 13 | 2.625% | 05/01/2024 | 0.0% |
New York State Dormitory Authority | 5.000% | 09/30/2024 | 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 03/28/2024
- $0.05498
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 02/29/2024 | $0.02830 | $15.04 |
Daily | Daily | 01/31/2024 | $0.02668 | $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 | 03/31/2024 |
Daily | Daily | 04/30/2024 |
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
Expense Ratioas of 02/29/2024
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
1.27% | 1.26% |
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
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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