Short Duration Tax Free Fund
Daily price w/o sales charge as of 09/28/2023
$14.81
$0.02
YTD Returns w/o sales charge as of 09/28/2023
0.74%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
30-Day Standardized Yield 1 as of 08/31/2023 |
3.08% |
Average Yield to Worst as of 08/31/2023 |
4.11% |
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 08/31/2023
- Total Net Assets
- $1.63 B
- Inception Date
- 12/31/2008
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.55%
- Fund Net Expense Ratio
- 0.55%
- Number of Holdings
- 302
Fund Expense Ratio :
Gross 0.55%
Net 0.55%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.27% | 1.40% | -0.54% | 0.82% | 0.92% | 1.55% |
Lipper Category Avg. Short Municipal Debt Funds | 1.54% | 1.91% | -0.01% | 0.83% | 0.78% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 1.01% | 1.26% | -0.47% | 1.05% | 1.15% | 1.65% |
w/ sales charge | 1.27% | 1.40% | -0.54% | 0.82% | 0.92% | 1.55% |
Fund Expense Ratio :
Gross 0.55%
Net 0.55%
Fund Expense Ratio :
Gross 0.55%
Net 0.55%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.16% | 1.33% | -0.24% | 0.87% | 0.89% | 1.57% |
Lipper Category Avg. Short Municipal Debt Funds | 1.31% | 1.68% | 0.08% | 0.83% | 0.75% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 1.00% | 1.08% | -0.28% | 1.11% | 1.17% | 1.66% |
Fund Expense Ratio :
Gross 0.55%
Net 0.55%
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 | |
Other | |
Special Tax | |
Transportation | |
GO State | |
Power | |
Housing | |
Lease | |
Water & Sewer | |
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 08/31/2023
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 08/31/2023
30-Day Standardized Yield 1 as of 08/31/2023
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.08% | 3.08% |
Fund Expense Ratio :
Gross 0.55%
Net 0.55%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.27% | 1.40% | -0.54% | 0.82% | 0.92% | 1.55% |
Lipper Category Avg. Short Municipal Debt Funds | 1.54% | 1.91% | -0.01% | 0.83% | 0.78% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 1.01% | 1.26% | -0.47% | 1.05% | 1.15% | 1.65% |
w/ sales charge | 1.27% | 1.40% | -0.54% | 0.82% | 0.92% | 1.55% |
Fund Expense Ratio :
Gross 0.55%
Net 0.55%
Fund Expense Ratio :
Gross 0.55%
Net 0.55%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.16% | 1.33% | -0.24% | 0.87% | 0.89% | 1.57% |
Lipper Category Avg. Short Municipal Debt Funds | 1.31% | 1.68% | 0.08% | 0.83% | 0.75% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 1.00% | 1.08% | -0.28% | 1.11% | 1.17% | 1.66% |
Fund Expense Ratio :
Gross 0.55%
Net 0.55%
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 |
---|
2022 | -4.15% | -3.17% |
2021 | 0.45% | 0.37% |
2020 | 2.13% | 2.82% |
2019 | 4.16% | 3.66% |
2018 | 1.19% | 1.77% |
2017 | 1.74% | 1.61% |
2016 | -0.56% | 0.07% |
2015 | 0.81% | 1.21% |
2014 | 1.68% | 1.31% |
2013 | 0.11% | 1.14% |
2012 | 2.26% | - |
2011 | 3.56% | - |
2010 | 2.27% | - |
2009 | 6.24% | - |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2023 | 1.10% | 0.05% | - | - | 0.74% |
2022 | -3.38% | -0.96% | -1.43% | 1.62% | -4.15% |
2021 | 0.02% | 0.56% | -0.16% | 0.02% | 0.45% |
2020 | -1.58% | 1.82% | 0.98% | 0.93% | 2.13% |
2019 | 1.53% | 1.26% | 0.73% | 0.58% | 4.16% |
2018 | -0.11% | 0.54% | 0.10% | 0.66% | 1.19% |
2017 | 0.95% | 0.75% | 0.42% | -0.39% | 1.74% |
2016 | 0.55% | 0.62% | 0.03% | -1.75% | -0.56% |
2015 | 0.33% | -0.17% | 0.48% | 0.16% | 0.81% |
2014 | 0.66% | 0.52% | 0.42% | 0.08% | 1.68% |
2013 | 0.57% | -0.98% | 0.20% | 0.34% | 0.11% |
2012 | 0.77% | 0.66% | 0.76% | 0.05% | 2.26% |
2011 | 0.62% | 1.38% | 0.99% | 0.52% | 3.56% |
2010 | 0.51% | 0.97% | 1.39% | -0.60% | 2.27% |
2009 | 2.36% | 1.02% | 2.29% | 0.43% | 6.24% |
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Sector | Assets |
---|---|
VRDN | |
IDR/PCR | |
Healthcare/Hospital | |
GO Local | |
Other | |
Special Tax | |
Transportation | |
GO State | |
Power | |
Housing | |
Lease | |
Water & Sewer | |
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 | |
AL | |
FL | |
IL | |
NJ | |
TX | |
PA | |
LA | |
CA | |
GA | |
CO | |
WI | |
SC | |
CT | |
NC | |
OH | |
DE | |
NE | |
MD | |
MA | |
WA | |
KY | |
VA | |
ID | |
NM | |
TN | |
WV | |
MN | |
DC | |
UT | |
IN | |
AZ | |
MI | |
MS | |
NH | |
MO | |
ND | |
KS | |
Other U.S. Territories | |
NV | |
OK | |
OR |
CREDIT QUALITY DISTRIBUTION as of 08/31/2023
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 08/31/2023
- Total Net Assets
- $1.63 B
- Average Effective Duration
- 1.73 Years
- Average Effective Maturity
- 3.1 Years
- Number of Issues
- 302
- Average Yield to Worst
- 4.11%
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 | 4.460% | 09/07/2023 | 2.2% |
City Of New York Ny | 4.260% | 09/01/2023 | 2.1% |
Lower Alabama Gas District/The | 4.000% | 11/23/2050 | 2.1% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 08/30/2025 | 1.6% |
Tender Option Bond Trust Receipts/Certificates | 4.460% | 09/07/2023 | 1.5% |
New Jersey Turnpike Authority | 5.000% | 12/30/2027 | 1.5% |
Central Plains Energy Project | 5.422% | 06/30/2029 | 1.2% |
City Of New York Ny | 4.250% | 09/01/2023 | 1.2% |
Rib Floater Trust Various States | 4.360% | 09/07/2023 | 1.2% |
Rib Floater Trust Various States | 4.360% | 09/07/2023 | 1.2% |
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 of07/31/2023
Holding | Coupon | Maturity | Assets |
---|
City Of New York Ny | 4.180% | 08/01/2023 | 2.6% |
Lower Alabama Gas District/The | 4.000% | 11/23/2050 | 2.1% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 08/30/2025 | 1.6% |
Tender Option Bond Trust Receipts/Certificates | 4.380% | 08/07/2023 | 1.5% |
New Jersey Turnpike Authority | 5.000% | 12/30/2027 | 1.5% |
Long Island Power Authority | 5.000% | 08/23/2052 | 1.3% |
Central Plains Energy Project | 5.422% | 06/30/2029 | 1.2% |
City Of New York Ny | 4.180% | 08/01/2023 | 1.2% |
Rib Floater Trust Various States | 4.280% | 08/07/2023 | 1.2% |
Tender Option Bond Trust Receipts/Certificates | 4.380% | 08/07/2023 | 1.2% |
Rib Floater Trust Various States | 4.280% | 08/07/2023 | 1.2% |
Rib Floater Trust Various States | 4.330% | 08/07/2023 | 1.2% |
Industrial Development Board Of The City Of Mobile | 2.900% | 12/12/2023 | 1.2% |
Long Island Power Authority | 4.430% | 08/31/2025 | 1.2% |
Main Street Natural Gas Inc | 4.000% | 10/31/2027 | 1.2% |
Black Belt Energy Gas District | 4.000% | 09/22/2052 | 1.2% |
Development Authority Of Appling County | 4.800% | 08/01/2023 | 1.1% |
Hoosick Falls Central School District | 4.500% | 08/01/2024 | 1.1% |
Southeast Energy Authority A Cooperative District | 5.026% | 04/29/2028 | 1.1% |
Health Care Authority For Baptist Health/The | 5.270% | 08/07/2023 | 1.0% |
Wisconsin Health & Educational Facilities Authorit | 5.270% | 08/01/2023 | 1.0% |
Hampton Roads Transportation Accountability Commis | 5.000% | 06/29/2026 | 1.0% |
Central Texas Regional Mobility Authority | 5.000% | 12/30/2026 | 0.9% |
Town Of Westborough Ma | 5.000% | 03/27/2024 | 0.9% |
Township Of Woodbridge Nj | 4.500% | 03/14/2024 | 0.9% |
Louisiana Local Government Environmental Facilitie | 0.875% | 01/25/2046 | 0.9% |
California Community Choice Financing Authority | 2.705% | 04/29/2028 | 0.9% |
County Of Lehigh Pa | 5.080% | 08/11/2038 | 0.9% |
Colorado Health Facilities Authority | 5.000% | 11/07/2048 | 0.9% |
Colorado Health Facilities Authority | 5.000% | 05/04/2062 | 0.8% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/13/2025 | 0.8% |
Black Belt Energy Gas District | 4.000% | 11/23/2049 | 0.7% |
Port Of Port Arthur Navigation District | 5.260% | 08/07/2023 | 0.7% |
County Of Nez Perce Id | 2.750% | 09/30/2024 | 0.7% |
Jersey City Municipal Utilities Authority | 4.000% | 05/02/2024 | 0.7% |
Long Island Power Authority | 0.850% | 08/24/2050 | 0.7% |
Harris County Cultural Education Facilities Financ | 4.830% | 11/30/2026 | 0.7% |
New York State Housing Finance Agency | 0.750% | 10/30/2025 | 0.6% |
Energy Northwest | 5.000% | 06/29/2027 | 0.6% |
Oregon State Business Development Commission | 2.400% | 08/14/2023 | 0.6% |
Plano Independent School District | 5.000% | 02/13/2025 | 0.6% |
Tennessee Energy Acquisition Corp | 5.000% | 04/22/2053 | 0.6% |
State Of Illinois | 5.000% | 11/29/2025 | 0.6% |
Hoosick Falls Central School District | 3.750% | 08/04/2023 | 0.6% |
Charlotte-Mecklenburg Hospital Authority/The | 5.000% | 01/07/2050 | 0.6% |
State Of Illinois | 5.000% | 11/01/2023 | 0.6% |
Delaware State Economic Development Authority | 1.250% | 09/24/2045 | 0.6% |
Rib Floater Trust Various States | 4.330% | 08/07/2023 | 0.6% |
North Carolina Capital Facilities Finance Agency | 3.650% | 09/01/2023 | 0.6% |
Tender Option Bond Trust Receipts/Certificates | 3.160% | 08/10/2023 | 0.6% |
Township Of Barnegat Nj | 5.000% | 05/22/2024 | 0.6% |
Rib Floater Trust Various States | 3.790% | 08/07/2023 | 0.6% |
County Of Fairfax Va | 4.000% | 09/29/2026 | 0.6% |
University Of Colorado | 2.000% | 05/23/2054 | 0.6% |
Connecticut State Health & Educational Facilities | 2.800% | 06/21/2057 | 0.6% |
San Francisco City & County Public Utilities Commi | 4.000% | 09/23/2048 | 0.6% |
Tender Option Bond Trust Receipts/Certificates | 4.380% | 08/07/2023 | 0.6% |
Sauquoit Valley Central School District | 4.500% | 06/20/2024 | 0.6% |
Ohio Air Quality Development Authority | 2.400% | 11/26/2038 | 0.6% |
Delaware State Economic Development Authority | 1.250% | 09/25/2040 | 0.6% |
General Authority Of Southcentral Pennsylvania | 4.580% | 05/31/2024 | 0.5% |
New Mexico Municipal Energy Acquisition Authority | 5.000% | 10/27/2039 | 0.5% |
Colorado Health Facilities Authority | 5.000% | 07/24/2049 | 0.5% |
Patriots Energy Group Financing Agency | 4.000% | 01/31/2024 | 0.5% |
Commonwealth Of Pennsylvania | 5.000% | 09/14/2025 | 0.5% |
Northampton County General Purpose Authority | 4.683% | 08/15/2023 | 0.5% |
State Of Illinois | 5.000% | 02/27/2027 | 0.5% |
Anaheim Public Financing Authority | 5.000% | 08/31/2026 | 0.5% |
Parish Of St John The Baptist La | 2.100% | 06/30/2024 | 0.5% |
Wisconsin Housing & Economic Development Authority | 0.810% | 10/23/2052 | 0.5% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/27/2036 | 0.5% |
Illinois Finance Authority | 5.000% | 08/06/2052 | 0.5% |
Harris County Cultural Education Facilities Financ | 4.550% | 05/31/2024 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 05/30/2025 | 0.5% |
West Virginia Economic Development Authority | 0.625% | 12/14/2025 | 0.5% |
City Of New York Ny | 4.180% | 08/01/2023 | 0.5% |
State Of Illinois | 5.000% | 10/29/2030 | 0.5% |
State Of Illinois Sales Tax Revenue | 5.000% | 06/14/2024 | 0.4% |
Kentucky Public Energy Authority | 4.000% | 12/24/2048 | 0.4% |
Minnesota Housing Finance Agency | 5.000% | 06/22/2053 | 0.4% |
State Of Connecticut | 5.000% | 04/13/2025 | 0.4% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/13/2024 | 0.4% |
City Of Chicago Il | 5.000% | 12/30/2025 | 0.4% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 05/30/2026 | 0.4% |
Colorado St Hsg & Fin Auth | 3.000% | - | 0.4% |
County Of Miami-Dade Fl | 5.000% | 03/30/2025 | 0.4% |
Triborough Bridge & Tunnel Authority | 3.616% | 01/31/2024 | 0.4% |
County Of Dane Wi | 4.000% | 05/30/2025 | 0.4% |
State Of Illinois | 5.000% | 01/30/2028 | 0.4% |
California Infrastructure & Economic Development B | 4.680% | 05/31/2026 | 0.4% |
Wisconsin Health & Educational Facilities Authorit | 5.000% | 07/28/2026 | 0.4% |
Parish Of St John The Baptist La | 2.125% | 06/30/2024 | 0.4% |
Development Authority Of Monroe County/The | 3.875% | 03/05/2026 | 0.4% |
Delaware State Economic Development Authority | 1.050% | 12/29/2030 | 0.4% |
Triborough Bridge & Tunnel Authority | 5.000% | 05/07/2051 | 0.4% |
Louisville And Jefferson County Metropolitan Sewer | 5.000% | 05/11/2035 | 0.4% |
Long Island Power Authority | 4.393% | 10/01/2023 | 0.3% |
School District Of Broward County/Fl | 5.000% | 06/27/2035 | 0.3% |
State Of Illinois | 5.000% | 02/27/2025 | 0.3% |
Harris County Cultural Education Facilities Financ | 5.000% | 06/23/2049 | 0.3% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/10/2036 | 0.3% |
Development Authority Of Burke County/The | 2.875% | 11/23/2049 | 0.3% |
Metropolitan Transportation Authority | 5.000% | 11/11/2033 | 0.3% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/13/2028 | 0.3% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/27/2037 | 0.3% |
State Of Connecticut | 5.000% | 10/13/2026 | 0.3% |
State Of Connecticut Special Tax Revenue | 5.000% | 12/30/2025 | 0.3% |
City Of Chicago Il | 5.000% | 12/30/2027 | 0.3% |
Hospitals & Higher Education Facilities Authority | 5.000% | 06/29/2027 | 0.3% |
Sales Tax Securitization Corp | 5.000% | 12/30/2024 | 0.3% |
Commonwealth Financing Authority | 5.000% | 05/31/2024 | 0.3% |
New Hampshire Business Finance Authority | 2.800% | 10/02/2023 | 0.3% |
Kentucky Public Energy Authority | 4.000% | 11/23/2050 | 0.3% |
Northern California Energy Authority | 4.000% | 06/30/2024 | 0.3% |
State Of Maryland Department Of Transportation | 4.000% | 08/30/2026 | 0.3% |
Main Street Natural Gas Inc | 5.000% | 05/13/2025 | 0.3% |
Louisiana Stadium & Exposition District | 5.000% | 06/26/2036 | 0.3% |
Chicago O'Hare International Airport | 5.000% | 12/29/2030 | 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% |
New York State Housing Finance Agency | 0.750% | 10/30/2025 | 0.3% |
State Of New Jersey | 5.000% | 05/30/2025 | 0.3% |
Allegheny County Industrial Development Authority | 4.875% | 10/30/2024 | 0.3% |
Intermountain Power Agency | 5.000% | 06/26/2036 | 0.3% |
Chicago Board Of Education | 5.000% | 11/27/2034 | 0.3% |
Western Placer Unified School District | 2.000% | 05/31/2025 | 0.3% |
California State University | 0.550% | 10/24/2049 | 0.3% |
Illinois Finance Authority | 4.588% | 08/31/2025 | 0.3% |
State Of Illinois | 5.000% | 02/26/2029 | 0.3% |
Maricopa County Industrial Development Authority | 4.550% | 10/17/2024 | 0.3% |
Parish Of St John The Baptist La | 2.375% | 05/27/2037 | 0.3% |
County Of Miami-Dade Fl | 5.000% | 05/30/2026 | 0.3% |
County Of Warren Ms | 2.900% | 09/01/2023 | 0.3% |
New Jersey Economic Development Authority | 5.000% | 06/13/2026 | 0.3% |
Indiana Finance Authority | 0.650% | 07/30/2025 | 0.2% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/29/2026 | 0.2% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/14/2024 | 0.2% |
Portland Or Cmnty Clg Dist | 5.000% | - | 0.2% |
Tender Option Bond Trust Receipts/Certificates | 4.380% | 08/07/2023 | 0.2% |
Intermountain Power Agency | 5.000% | 06/26/2037 | 0.2% |
Long Island Power Authority | 1.650% | 08/24/2049 | 0.2% |
California State Public Works Board | 5.000% | 09/29/2027 | 0.2% |
Connecticut Housing Finance Authority | 4.000% | 05/07/2049 | 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% |
Development Authority Of Burke County/The | 1.500% | 12/27/2039 | 0.2% |
City Of Rockport In | 3.050% | 05/31/2025 | 0.2% |
Louisiana Offshore Terminal Authority | 1.650% | 12/01/2023 | 0.2% |
New Jersey Turnpike Authority | 5.000% | 12/30/2026 | 0.2% |
Ohio Housing Finance Agency | 4.500% | 02/21/2050 | 0.2% |
E-470 Public Highway Authority | 0.357% | 08/31/2024 | 0.2% |
Chicago Board Of Education | 5.000% | 12/01/2023 | 0.2% |
North Dakota Housing Finance Agency | 4.000% | 12/24/2049 | 0.2% |
Michigan State Housing Development Authority | 4.250% | 11/23/2049 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 06/13/2028 | 0.2% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/29/2028 | 0.2% |
Kentucky Public Energy Authority | 4.000% | 03/31/2024 | 0.2% |
State Of Illinois | 5.000% | 10/30/2025 | 0.2% |
Louisiana Stadium & Exposition District | 5.000% | 06/27/2035 | 0.2% |
State Of Illinois | 5.250% | 01/29/2030 | 0.2% |
Florida Housing Finance Corp | 3.000% | 06/22/2052 | 0.2% |
South Carolina State Housing Finance & Development | 4.000% | 12/25/2049 | 0.2% |
Commonwealth Financing Authority | 5.000% | 05/31/2025 | 0.2% |
Texas Private Activity Bond Surface Transportation | 4.000% | 12/28/2030 | 0.2% |
Black Belt Energy Gas District | 4.000% | 06/22/2052 | 0.2% |
Industrial Development Board Of The City Of Mobile | 1.000% | 05/28/2034 | 0.2% |
Missouri Housing Development Commission | 4.250% | 04/25/2047 | 0.2% |
South Carolina Jobs-Economic Development Authority | 5.250% | 11/12/2028 | 0.2% |
Wisconsin Housing & Economic Development Authority | 0.610% | 04/30/2024 | 0.2% |
North Carolina Housing Finance Agency | 4.000% | 12/24/2049 | 0.2% |
Illinois Housing Development Authority | 4.000% | 05/31/2025 | 0.2% |
Lee Memorial Health System | 5.000% | 03/30/2025 | 0.2% |
Development Authority Of Appling County | 4.800% | 08/01/2023 | 0.2% |
City Of Chicago Il Waterworks Revenue | 5.000% | 10/29/2028 | 0.2% |
Minnesota Housing Finance Agency | 4.250% | 06/23/2049 | 0.2% |
Northside Independent School District | 1.600% | 07/24/2049 | 0.2% |
State Of Illinois | 5.000% | 02/27/2026 | 0.2% |
Allegheny County Hospital Development Authority | 5.000% | 03/30/2026 | 0.2% |
Selma Industrial Development Board | 2.000% | 10/28/2033 | 0.2% |
Central Texas Regional Mobility Authority | 5.000% | 12/30/2024 | 0.2% |
City Of Farmington Nm | 3.900% | 05/27/2040 | 0.2% |
Bay Area Toll Authority | 5.230% | 09/30/2026 | 0.1% |
Michigan Finance Authority | 5.000% | 11/29/2026 | 0.1% |
New York State Dormitory Authority | 5.000% | 09/29/2024 | 0.1% |
State Of Illinois | 5.000% | 09/28/2029 | 0.1% |
Development Authority Of The City Of Marietta | 5.000% | 11/01/2023 | 0.1% |
Florida Housing Finance Corp | 3.000% | 12/24/2051 | 0.1% |
Tarrant County Cultural Education Facilities Finan | 5.000% | 11/06/2052 | 0.1% |
City Of Philadelphia Pa | 5.000% | 01/30/2025 | 0.1% |
Berks County Municipal Authority/The | 5.000% | 01/27/2040 | 0.1% |
City Of Philadelphia Pa | 5.000% | 01/30/2028 | 0.1% |
Maryland Community Development Administration | 4.000% | 08/24/2049 | 0.1% |
West Virginia Economic Development Authority | 2.550% | 03/31/2024 | 0.1% |
Chicago Transit Authority Capital Grant Receipts R | 5.000% | 05/30/2025 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 06/30/2024 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/29/2026 | 0.1% |
County Of Jefferson Al | 5.000% | 09/15/2023 | 0.1% |
New York City Industrial Development Agency | 3.849% | 02/28/2026 | 0.1% |
City Of Seneca Ks | 5.000% | 05/31/2025 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 01/24/2024 | 0.1% |
Montgomery County Higher Education And Health Auth | 5.000% | 08/29/2028 | 0.1% |
Washington Health Care Facilities Authority | 5.380% | 06/30/2024 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/12/2028 | 0.1% |
Chicago Board Of Education | 5.000% | 11/27/2033 | 0.1% |
Ohio Air Quality Development Authority | 1.900% | 04/29/2026 | 0.1% |
Colorado Health Facilities Authority | 5.000% | 11/07/2049 | 0.1% |
Western Placer Unified School District | 2.000% | 05/31/2025 | 0.1% |
New York City Housing Development Corp | 0.700% | 04/21/2060 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/29/2026 | 0.1% |
Dallas Fort Worth International Airport | 5.000% | 10/30/2026 | 0.1% |
County Of Lehigh Pa | 5.000% | 06/29/2026 | 0.1% |
Missouri Housing Development Commission | 3.250% | 10/23/2052 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/29/2029 | 0.1% |
City Of Chicago Il | 5.250% | 12/30/2026 | 0.1% |
Development Authority Of Monroe County/The | 1.500% | 12/27/2038 | 0.1% |
New York State Dormitory Authority | 5.000% | 09/29/2025 | 0.1% |
Pennsylvania Higher Educational Facilities Authori | 5.000% | 08/12/2028 | 0.1% |
Kentucky Municipal Power Agency | 3.450% | 02/28/2026 | 0.1% |
Chandler Industrial Development Authority | 2.400% | 11/28/2035 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/13/2026 | 0.1% |
California State Public Works Board | 5.000% | 09/29/2026 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/30/2025 | 0.1% |
Montgomery County Higher Education And Health Auth | 5.000% | 08/30/2027 | 0.1% |
North Carolina Turnpike Authority | 5.000% | 12/30/2027 | 0.1% |
County Of Cuyahoga Oh | 5.000% | 02/13/2025 | 0.1% |
Dallas Fort Worth International Airport | 5.000% | 10/30/2027 | 0.1% |
Matagorda County Navigation District No 1 | 4.400% | 04/28/2030 | 0.1% |
New York State Dormitory Authority | 5.000% | 07/30/2024 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/29/2028 | 0.1% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/14/2024 | 0.1% |
New York Transportation Development Corp | 5.000% | 11/28/2028 | 0.1% |
Industrial Development Authority Of The County Of | 5.125% | 11/12/2029 | 0.1% |
Kentucky Economic Development Finance Authority | 5.000% | 05/30/2025 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/30/2027 | 0.1% |
Oneida County Local Development Corp | 5.000% | 12/01/2023 | 0.1% |
California Municipal Finance Authority | 5.000% | 06/30/2026 | 0.1% |
Central Plains Energy Project | 5.000% | 08/30/2027 | 0.1% |
City Of South Miami Health Facilities Authority In | 5.000% | 08/15/2023 | 0.1% |
Pennsylvania Higher Educational Facilities Authori | 5.000% | 08/13/2027 | 0.1% |
State Of Connecticut Special Tax Revenue | 5.000% | 04/29/2026 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/29/2027 | 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% |
City Of San Antonio Tx Electric & Gas Systems Reve | 5.000% | 01/31/2024 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 06/13/2025 | 0.1% |
Ohio Air Quality Development Authority | 4.000% | 08/29/2030 | 0.1% |
Cleveland Department Of Public Utilities Division | 5.000% | 11/14/2026 | 0.1% |
Matagorda County Navigation District No 1 | 2.600% | 10/29/2029 | 0.1% |
School District Of Philadelphia/The | 5.000% | 09/01/2023 | 0.1% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/15/2023 | 0.1% |
School District Of Philadelphia/The | 5.000% | 08/30/2025 | 0.1% |
Montgomery County Higher Education And Health Auth | 5.000% | 08/30/2026 | 0.1% |
Development Authority Of Appling County | 1.500% | 12/27/2037 | 0.1% |
California County Tobacco Securitization Agency | 5.000% | 05/31/2026 | 0.1% |
Capital Trust Agency Inc | 4.000% | 06/12/2029 | 0.1% |
Illinois Finance Authority | 5.000% | 08/29/2028 | 0.1% |
Virginia Small Business Financing Authority | 5.000% | 12/30/2027 | 0.1% |
Village Community Development District No 13 | 1.875% | 04/29/2025 | 0.1% |
Orange County Health Facilities Authority | 5.000% | 09/29/2027 | 0.1% |
Clark County School District | 5.000% | 06/13/2027 | 0.1% |
City Of Philadelphia Pa | 5.000% | 01/30/2026 | 0.1% |
Regional Transportation District | 5.000% | 07/13/2027 | 0.1% |
Monroeville Finance Authority | 5.000% | 02/15/2024 | 0.1% |
Virginia Small Business Financing Authority | 5.000% | 12/30/2026 | 0.1% |
New York State Dormitory Authority | 5.000% | 02/27/2030 | 0.1% |
City Of Lenexa Ks | 5.000% | 05/14/2025 | 0.1% |
Oneida County Local Development Corp | 5.000% | 12/01/2023 | 0.1% |
Columbia Industrial Development Board | 4.600% | 08/01/2023 | 0.1% |
Mississippi Business Finance Corp | 5.270% | 08/07/2023 | 0.1% |
State Of New York Mortgage Agency | 3.500% | 03/24/2049 | 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% |
School District Of Philadelphia/The | 5.000% | 08/30/2024 | 0.1% |
State Of Connecticut Special Tax Revenue | 5.000% | 04/29/2025 | 0.1% |
Orange County Health Facilities Authority | 5.000% | 09/28/2028 | 0.1% |
Philadelphia Gas Works Co | 5.000% | 07/31/2024 | 0.1% |
Industrial Development Authority Of The County Of | 3.500% | 06/30/2025 | 0.0% |
Massachusetts Development Finance Agency | 5.000% | 06/29/2025 | 0.0% |
Oklahoma Development Finance Authority | 5.000% | 08/13/2026 | 0.0% |
Territory Of Guam | 5.000% | 12/29/2028 | 0.0% |
North Carolina Medical Care Commission | 5.000% | 10/01/2023 | 0.0% |
Niagara Area Development Corp | 3.500% | 10/30/2024 | 0.0% |
California County Tobacco Securitization Agency | 5.000% | 05/31/2025 | 0.0% |
Florida Higher Educational Facilities Financial Au | 5.000% | 02/28/2025 | 0.0% |
Hospital Facilities Authority Of Multnomah County | 5.000% | 09/30/2024 | 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% |
Long Island Power Authority | 5.000% | 08/30/2026 | 0.0% |
Long Island Power Authority | 5.000% | 08/30/2027 | 0.0% |
New Jersey Economic Development Authority | 5.000% | 06/12/2029 | 0.0% |
Clark County School District | 5.000% | 06/13/2026 | 0.0% |
Commonwealth Of Pennsylvania | 5.000% | 06/30/2025 | 0.0% |
School District Of Philadelphia/The | 5.000% | 09/01/2023 | 0.0% |
State Of Ohio | 5.000% | 01/14/2026 | 0.0% |
State Of Ohio | 4.000% | 01/14/2028 | 0.0% |
Tulsa County Industrial Authority | 5.000% | 11/14/2026 | 0.0% |
Franklin County Industrial Development Authority/P | 5.000% | 12/01/2023 | 0.0% |
New Jersey Economic Development Authority | 5.000% | 06/13/2027 | 0.0% |
New Jersey Economic Development Authority | 5.000% | 06/13/2028 | 0.0% |
Pennsylvania Turnpike Commission | 5.000% | 11/29/2026 | 0.0% |
California Statewide Communities Development Autho | 3.000% | 08/30/2023 | 0.0% |
City Of Sparks Nv | 2.750% | 06/13/2028 | 0.0% |
State Of Ohio | 5.000% | 01/14/2027 | 0.0% |
Atlanta Urban Redevelopment Agency | 2.375% | 06/30/2026 | 0.0% |
Colorado Health Facilities Authority | 5.000% | 11/07/2049 | 0.0% |
Pennsylvania Turnpike Commission | 5.000% | 11/30/2025 | 0.0% |
Peninsula Town Center Community Development Author | 4.000% | 09/01/2023 | 0.0% |
Village Community Development District No 13 | 2.625% | 04/30/2024 | 0.0% |
Downtown Doral South Community Development Distric | 3.875% | 12/15/2023 | 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 09/28/2023
- $0.22864
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 08/31/2023 | $0.03437 | $14.92 |
Daily | Daily | 07/31/2023 | $0.03182 | $14.97 |
Daily | Daily | 06/30/2023 | $0.03190 | $14.97 |
Daily | Daily | 05/31/2023 | $0.02894 | $14.93 |
Daily | Daily | 04/30/2023 | $0.02697 | $14.99 |
Daily | Daily | 03/31/2023 | $0.02544 | $15.05 |
Daily | Daily | 02/28/2023 | $0.02636 | $14.91 |
Daily | Daily | 01/31/2023 | $0.02285 | $15.10 |
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 | 09/30/2023 |
Daily | Daily | 10/31/2023 |
Daily | Daily | 11/30/2023 |
Daily | Daily | 12/31/2023 |
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 08/31/2023
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
0.55% | 0.55% |
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 01/31/2024. 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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