Short Duration Tax Free Fund
Daily price w/o sales charge as of 12/12/2024
$15.15
$0.02
YTD Returns w/o sales charge as of 12/12/2024
3.28%
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 | 2.76% | 2.74% |
Average Yield to Worst as of 11/29/2024 |
3.56% |
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 11/29/2024
- Total Net Assets
- $1.54 B
- Inception Date
- 12/31/2008
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.66%
- Fund Net Expense Ratio
- 0.65%
- Number of Holdings
- 278
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 3.26% | 4.27% | 0.70% | 0.92% | 1.10% | 1.67% |
Lipper Category Avg. Short Municipal Debt Funds | 3.03% | 3.87% | 1.42% | 1.27% | 1.11% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 2.42% | 3.39% | 0.91% | 1.22% | 1.39% | 1.83% |
w/ sales charge | 0.92% | 1.95% | -0.06% | 0.47% | 0.87% | 1.52% |
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 3.11% | 5.67% | 0.64% | 0.96% | 1.11% | 1.68% |
Lipper Category Avg. Short Municipal Debt Funds | 2.83% | 5.48% | 1.36% | 1.30% | 1.11% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 2.47% | 6.09% | 0.90% | 1.35% | 1.41% | 1.85% |
w/ sales charge | 0.77% | 3.30% | -0.11% | 0.51% | 0.88% | 1.53% |
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
Sector | Assets |
---|---|
Healthcare/Hospital | |
VRDN | |
IDR/PCR | |
Power | |
Housing | |
Other | |
GO Local | |
GO State | |
Special Tax | |
Lease | |
Transportation | |
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 11/29/2024
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 11/29/2024
30-Day Standardized Yield 1 as of 11/30/2024
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 2.76% | 2.74% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 3.26% | 4.27% | 0.70% | 0.92% | 1.10% | 1.67% |
Lipper Category Avg. Short Municipal Debt Funds | 3.03% | 3.87% | 1.42% | 1.27% | 1.11% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 2.42% | 3.39% | 0.91% | 1.22% | 1.39% | 1.83% |
w/ sales charge | 0.92% | 1.95% | -0.06% | 0.47% | 0.87% | 1.52% |
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 3.11% | 5.67% | 0.64% | 0.96% | 1.11% | 1.68% |
Lipper Category Avg. Short Municipal Debt Funds | 2.83% | 5.48% | 1.36% | 1.30% | 1.11% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 2.47% | 6.09% | 0.90% | 1.35% | 1.41% | 1.85% |
w/ sales charge | 0.77% | 3.30% | -0.11% | 0.51% | 0.88% | 1.53% |
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
Year | Fund Returns | Bloomberg Municipal Bond Short 1-5 Year Index |
---|
2023 | 3.19% | 3.58% |
2022 | -4.18% | -3.17% |
2021 | 0.29% | 0.37% |
2020 | 2.03% | 2.82% |
2019 | 4.06% | 3.66% |
2018 | 1.10% | 1.77% |
2017 | 1.64% | 1.61% |
2016 | -0.66% | 0.07% |
2015 | 0.71% | 1.21% |
2014 | 1.58% | 1.31% |
2013 | 0.02% | - |
2012 | 2.16% | - |
2011 | 3.46% | - |
2010 | 2.17% | - |
2009 | 6.14% | - |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | 0.37% | 0.73% | 1.98% | - |
2023 | 1.08% | 0.03% | -0.42% | 2.49% |
2022 | -3.40% | -0.92% | -1.45% | 1.60% |
2021 | 0.00% | 0.54% | -0.25% | 0.00% |
2020 | -1.67% | 1.86% | 0.96% | 0.91% |
2019 | 1.51% | 1.24% | 0.71% | 0.55% |
2018 | -0.13% | 0.51% | 0.08% | 0.63% |
2017 | 0.92% | 0.73% | 0.40% | -0.42% |
2016 | 0.52% | 0.60% | 0.01% | -1.77% |
2015 | 0.31% | -0.25% | 0.52% | 0.14% |
2014 | 0.57% | 0.56% | 0.39% | 0.06% |
2013 | 0.54% | -1.01% | 0.17% | 0.32% |
2012 | 0.75% | 0.64% | 0.74% | 0.02% |
2011 | 0.53% | 1.42% | 0.97% | 0.50% |
2010 | 0.49% | 0.95% | 1.36% | -0.63% |
2009 | 2.36% | 0.99% | 2.26% | 0.41% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 11/30/2024
The chart begins on the Fund's inception date of 12/31/2008.
Based on a hypothetical Class A share investment of $10,000 on 12/31/2008 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Sector | Assets |
---|---|
Healthcare/Hospital | |
VRDN | |
IDR/PCR | |
Power | |
Housing | |
Other | |
GO Local | |
GO State | |
Special Tax | |
Lease | |
Transportation | |
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 |
---|---|
NJ | |
AL | |
TX | |
PA | |
IL | |
CA | |
LA | |
VA | |
NY | |
MN | |
TN | |
WI | |
OH | |
FL | |
NC | |
UT | |
GA | |
MO | |
WA | |
KY | |
DC | |
NV | |
MA | |
MI | |
SD | |
SC | |
KS | |
CT | |
MD | |
CO | |
NE | |
OR | |
NM | |
IA | |
ND | |
AZ | |
Other U.S. Territories | |
OK |
CREDIT QUALITY DISTRIBUTION as of 11/29/2024
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 11/29/2024
- Total Net Assets
- $1.54 B
- Average Effective Duration
- 2.61 Years
- Average Effective Maturity
- 4.9 Years
- Number of Issues
- 278
- Average Yield to Worst
- 3.56%
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 |
---|
Harris County Cultural Education Facilities Financ | 3.770% | 11/07/2024 | 2.6% |
Health Care Authority For Baptist Health/The | 4.660% | 11/07/2024 | 1.9% |
Wisconsin Health & Educational Facilities Authorit | 5.090% | 11/01/2024 | 1.7% |
City Of New York Ny | 4.000% | 11/07/2024 | 1.7% |
Louisiana Local Government Environmental Facilitie | 0.875% | 12/20/2024 | 1.7% |
Virginia Housing Development Authority | 3.625% | 06/23/2055 | 1.7% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 03/01/2025 | 1.7% |
Port Of Port Arthur Navigation District | 4.300% | 11/07/2024 | 1.5% |
Lower Colorado River Authority | 5.000% | 05/11/2039 | 1.4% |
Central Plains Energy Project | 5.422% | 07/01/2029 | 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 of10/31/2024
Holding | Coupon | Maturity | Assets |
---|
Harris County Cultural Education Facilities Financ | 3.770% | 11/07/2024 | 2.6% |
Health Care Authority For Baptist Health/The | 4.660% | 11/07/2024 | 1.9% |
Wisconsin Health & Educational Facilities Authorit | 5.090% | 11/01/2024 | 1.7% |
City Of New York Ny | 4.000% | 11/07/2024 | 1.7% |
Louisiana Local Government Environmental Facilitie | 0.875% | 12/20/2024 | 1.7% |
Virginia Housing Development Authority | 3.625% | 06/23/2055 | 1.7% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 03/01/2025 | 1.7% |
Port Of Port Arthur Navigation District | 4.300% | 11/07/2024 | 1.5% |
Lower Colorado River Authority | 5.000% | 05/11/2039 | 1.4% |
Central Plains Energy Project | 5.422% | 07/01/2029 | 1.3% |
New York State Dormitory Authority | 4.140% | 11/07/2024 | 1.3% |
Lower Alabama Gas District/The | 4.000% | 11/24/2050 | 1.3% |
Rib Floater Trust Various States | 3.500% | 11/07/2024 | 1.2% |
Southeast Energy Authority A Cooperative District | 5.026% | 05/01/2028 | 1.2% |
Main Street Natural Gas Inc | 4.000% | 11/01/2027 | 1.2% |
Pennsylvania Higher Educational Facilities Authori | 4.040% | 11/07/2024 | 1.1% |
Delaware State Economic Development Authority | 1.250% | 10/01/2025 | 1.0% |
Black Belt Energy Gas District | 4.000% | 09/23/2052 | 1.0% |
Schenectady City School District | 4.000% | 07/25/2025 | 1.0% |
California Community Choice Financing Authority | 4.936% | 05/01/2028 | 1.0% |
County Of Lehigh Pa | 4.340% | 08/12/2038 | 0.9% |
Philadelphia Authority For Industrial Development | 4.040% | 11/07/2024 | 0.8% |
County Of Jefferson Al Sewer Revenue | 5.000% | 09/27/2037 | 0.8% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/14/2025 | 0.8% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/12/2033 | 0.8% |
Black Belt Energy Gas District | 4.000% | 11/24/2049 | 0.8% |
Danville Multi-School Building Corp | 4.500% | 12/15/2024 | 0.8% |
Long Island Power Authority | 0.850% | 09/01/2025 | 0.8% |
State Of California | 5.000% | 07/28/2037 | 0.7% |
Harris County Cultural Education Facilities Financ | 4.090% | 12/01/2025 | 0.7% |
Kentucky Public Energy Authority | 5.250% | 03/24/2054 | 0.7% |
Health & Educational Facilities Authority Of The S | 5.000% | 05/28/2039 | 0.7% |
California Municipal Finance Authority | 5.000% | 11/01/2026 | 0.7% |
State Of Illinois | 5.000% | 11/30/2025 | 0.7% |
City Of Jersey City Nj | 4.500% | 07/10/2025 | 0.7% |
Kentucky Public Energy Authority | 4.000% | 06/01/2025 | 0.7% |
Rib Floater Trust Various States | 3.500% | 11/07/2024 | 0.7% |
Ohio Air Quality Development Authority | 2.400% | 11/27/2038 | 0.6% |
State Of Ohio | 3.770% | 11/07/2024 | 0.6% |
Florida Insurance Assistance Interlocal Agency Inc | 3.990% | 11/07/2024 | 0.6% |
State Of Ohio | 3.770% | 11/07/2024 | 0.6% |
Delaware State Economic Development Authority | 1.250% | 10/01/2025 | 0.6% |
California Community Choice Financing Authority | 5.250% | 10/24/2054 | 0.6% |
Tennessee Energy Acquisition Corp | 5.625% | 08/31/2026 | 0.6% |
County Of Clark Nv | 5.000% | 06/27/2037 | 0.6% |
Shelby County Health Educational & Housing Facilit | 5.000% | 08/25/2049 | 0.6% |
Citizens Memorial Hospital District | 5.000% | 09/01/2026 | 0.6% |
California Health Facilities Financing Authority | 5.000% | 11/27/2037 | 0.6% |
Pennsylvania Higher Educational Facilities Authori | 5.250% | 10/28/2039 | 0.6% |
New Jersey Turnpike Authority | 5.250% | 12/31/2025 | 0.6% |
Pennsylvania Turnpike Commission | 5.000% | 11/28/2035 | 0.6% |
New Mexico Municipal Energy Acquisition Authority | 5.000% | 05/01/2025 | 0.6% |
City Of San Antonio Tx Electric & Gas Systems Reve | 5.000% | 01/28/2037 | 0.6% |
Wisconsin Housing & Economic Development Authority | 3.750% | 10/24/2055 | 0.5% |
Massachusetts Bay Transportation Authority Sales T | 5.000% | 06/27/2038 | 0.5% |
West Virginia Economic Development Authority | 0.625% | 12/15/2025 | 0.5% |
Montgomery County Industrial Development Authority | 4.100% | 03/24/2053 | 0.5% |
Development Authority Of Burke County/The | 3.375% | 03/12/2027 | 0.5% |
Washington Health Care Facilities Authority | 5.000% | 07/25/2049 | 0.5% |
Water Works Board Of The City Of Birmingham/The | 3.750% | 09/01/2026 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 06/01/2025 | 0.5% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/28/2036 | 0.5% |
California Health Facilities Financing Authority | 5.000% | 10/01/2025 | 0.5% |
South Dakota Housing Development Authority | 6.250% | 04/23/2055 | 0.5% |
State Of Illinois | 5.000% | 10/30/2030 | 0.5% |
Seattle Housing Authority | 5.000% | 09/01/2026 | 0.5% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/15/2024 | 0.5% |
City Of Chicago Il | 5.000% | 12/31/2025 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 05/31/2026 | 0.5% |
Minnesota Housing Finance Agency | 5.000% | 06/23/2053 | 0.4% |
Harris County Cultural Education Facilities Financ | 5.000% | 06/27/2037 | 0.4% |
City Of Chicago Il | 5.000% | 12/31/2026 | 0.4% |
New Caney Independent School District | 4.000% | 08/15/2027 | 0.4% |
Wisconsin Health & Educational Facilities Authorit | 5.000% | 02/13/2029 | 0.4% |
Energy Southeast A Cooperative District | 5.250% | 06/23/2054 | 0.4% |
Allegheny County Industrial Development Authority | 4.875% | 11/01/2024 | 0.4% |
California Infrastructure & Economic Development B | 3.940% | 06/01/2026 | 0.4% |
State Of Illinois | 5.000% | 01/31/2028 | 0.4% |
New York State Housing Finance Agency | 0.750% | 10/31/2025 | 0.4% |
Minnesota Housing Finance Agency | 6.250% | 06/23/2054 | 0.4% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/12/2036 | 0.4% |
Delaware State Economic Development Authority | 1.050% | 07/01/2025 | 0.4% |
Development Authority Of Monroe County/The | 3.875% | 03/06/2026 | 0.4% |
North Carolina Housing Finance Agency | 6.250% | 12/24/2054 | 0.4% |
Delaware Valley Regional Finance Authority | 3.640% | 03/01/2026 | 0.4% |
Triborough Bridge & Tunnel Authority | 5.000% | 05/08/2051 | 0.4% |
Harris County Cultural Education Facilities Financ | 5.000% | 06/24/2049 | 0.4% |
City Of Colby Ks | 5.500% | 06/30/2026 | 0.4% |
North Texas Tollway Authority | 5.000% | 12/31/2025 | 0.4% |
Development Authority Of Burke County/The | 2.875% | 08/19/2025 | 0.4% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/27/2039 | 0.4% |
School District Of Broward County/Fl | 5.000% | 06/28/2035 | 0.4% |
Southern California Public Power Authority | 5.000% | 03/24/2055 | 0.4% |
Utah Housing Corp | 6.250% | 06/23/2055 | 0.4% |
State Of Illinois | 5.000% | 03/01/2025 | 0.4% |
Michigan State Housing Development Authority | 6.250% | 05/24/2055 | 0.4% |
North Carolina Capital Facilities Finance Agency | 3.650% | 12/02/2024 | 0.4% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/11/2036 | 0.4% |
Eagle Mountain & Saginaw Independent School Distri | 4.000% | 08/01/2027 | 0.3% |
State Of Illinois | 5.000% | 10/31/2027 | 0.3% |
State Of New Jersey | 5.000% | 05/31/2027 | 0.3% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/28/2037 | 0.3% |
State Of Maryland | 4.000% | 07/30/2028 | 0.3% |
Hospitals & Higher Education Facilities Authority | 5.000% | 06/30/2027 | 0.3% |
California Statewide Communities Development Autho | 5.000% | 11/27/2038 | 0.3% |
Energy Southeast A Cooperative District | 5.436% | 07/31/2031 | 0.3% |
County Of Cook Il | 4.000% | 11/14/2026 | 0.3% |
Sales Tax Securitization Corp | 5.000% | 01/01/2025 | 0.3% |
Texas Municipal Gas Acquisition & Supply Corp Iv | 5.250% | 06/30/2029 | 0.3% |
Central Texas Turnpike System | 5.000% | 08/11/2039 | 0.3% |
Industrial Development Board Of The City Of Mobile | 3.650% | 01/10/2025 | 0.3% |
State Of Illinois | 5.000% | 04/27/2037 | 0.3% |
Wisconsin Health & Educational Facilities Authorit | 4.200% | 08/13/2028 | 0.3% |
Jersey City Municipal Utilities Authority | 5.000% | 05/01/2025 | 0.3% |
Main Street Natural Gas Inc | 5.000% | 05/15/2025 | 0.3% |
Illinois Finance Authority | 3.900% | 02/28/2030 | 0.3% |
City Of Seattle Wa Municipal Light & Power Revenue | 3.490% | 11/01/2026 | 0.3% |
Chicago O'Hare International Airport | 5.000% | 12/02/2024 | 0.3% |
Louisiana Stadium & Exposition District | 5.000% | 06/28/2036 | 0.3% |
Gainesville & Hall County Hospital Authority | 5.000% | 10/12/2034 | 0.3% |
Parish Of St John The Baptist La | 4.050% | 05/28/2037 | 0.3% |
Development Authority Of Appling County | 4.200% | 11/01/2024 | 0.3% |
California State University | 0.550% | 10/25/2049 | 0.3% |
Charlotte-Mecklenburg Hospital Authority/The | 5.000% | 01/08/2050 | 0.3% |
Central Texas Turnpike System | 5.000% | 11/04/2024 | 0.3% |
South Carolina Jobs-Economic Development Authority | 5.000% | 10/28/2037 | 0.3% |
Intermountain Power Agency | 5.000% | 06/28/2036 | 0.3% |
Parish Of St John The Baptist La | 2.375% | 05/28/2037 | 0.3% |
Ohio Housing Finance Agency | 6.250% | 02/21/2055 | 0.3% |
Indiana Finance Authority | 0.650% | 08/01/2025 | 0.3% |
Municipal Electric Authority Of Georgia | 5.000% | 12/29/2034 | 0.3% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/14/2028 | 0.3% |
Illinois Finance Authority | 4.917% | 09/01/2025 | 0.3% |
City Of Hutto Tx | 5.000% | 07/30/2034 | 0.3% |
New Jersey Economic Development Authority | 5.000% | 06/14/2026 | 0.3% |
City Of Lees Summit Mo | 5.000% | 04/01/2027 | 0.3% |
State Of Illinois | 5.000% | 02/28/2026 | 0.3% |
Black Belt Energy Gas District | 5.250% | 04/23/2055 | 0.3% |
Minnesota Housing Finance Agency | 6.500% | 12/24/2054 | 0.3% |
Northside Independent School District | 3.450% | 07/24/2054 | 0.3% |
State Of Illinois | 5.000% | 03/01/2025 | 0.3% |
Portland Community College District | 5.000% | 06/11/2038 | 0.3% |
Virginia Beach Development Authority | 5.375% | 08/30/2029 | 0.3% |
Brevard County Health Facilities Authority | 5.000% | 03/31/2028 | 0.3% |
Intermountain Power Agency | 5.000% | 06/27/2037 | 0.3% |
New Jersey Housing & Mortgage Finance Agency | 6.000% | 09/23/2055 | 0.3% |
Washington Health Care Facilities Authority | 5.000% | 07/30/2029 | 0.2% |
Brevard County Health Facilities Authority | 5.000% | 03/31/2027 | 0.2% |
Washington Health Care Facilities Authority | 5.000% | 07/31/2029 | 0.2% |
Development Authority Of Burke County/The | 1.500% | 02/03/2025 | 0.2% |
City Of Houston Tx Combined Utility System Revenue | 5.000% | 11/11/2038 | 0.2% |
Parish Of St James La | 5.850% | 06/01/2025 | 0.2% |
New York State Housing Finance Agency | 3.350% | 06/07/2054 | 0.2% |
Maryland Economic Development Corp | 5.750% | 12/31/2024 | 0.2% |
City Of Rockport In | 3.050% | 06/01/2025 | 0.2% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/27/2037 | 0.2% |
Texas State Affordable Housing Corp | 3.625% | 01/01/2027 | 0.2% |
Northampton County General Purpose Authority | 5.000% | 08/14/2027 | 0.2% |
Chattanooga Health Educational & Housing Facility | 5.000% | 11/29/2034 | 0.2% |
Philadelphia Gas Works Co | 5.000% | 07/29/2032 | 0.2% |
California State Public Works Board | 5.000% | 09/30/2027 | 0.2% |
New York State Dormitory Authority | 5.000% | 04/29/2034 | 0.2% |
Virginia Resources Authority | 5.000% | 10/30/2034 | 0.2% |
State Of Louisiana Gasoline & Fuels Tax Revenue | 5.000% | 04/29/2032 | 0.2% |
Washington Convention & Sports Authority | 5.000% | 09/29/2030 | 0.2% |
Municipal Electric Authority Of Georgia | 5.000% | 12/29/2035 | 0.2% |
State Of Illinois | 5.000% | 10/31/2025 | 0.2% |
Industrial Development Board Of The City Of Mobile | 1.000% | 06/26/2025 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 02/29/2028 | 0.2% |
Louisiana Stadium & Exposition District | 5.000% | 06/28/2035 | 0.2% |
Commonwealth Financing Authority | 5.000% | 06/01/2025 | 0.2% |
South Carolina Jobs-Economic Development Authority | 5.250% | 11/13/2028 | 0.2% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/27/2038 | 0.2% |
North Dakota Housing Finance Agency | 4.000% | 12/25/2049 | 0.2% |
Minnesota Housing Finance Agency | 6.250% | 12/24/2054 | 0.2% |
State Of Louisiana Gasoline & Fuels Tax Revenue | 5.000% | 04/28/2033 | 0.2% |
Berks County Municipal Authority/The | 5.000% | 06/26/2039 | 0.2% |
Colorado Housing And Finance Authority | 6.000% | 04/23/2053 | 0.2% |
County Of Lake Il | 4.000% | 11/30/2027 | 0.2% |
Illinois Housing Development Authority | 4.000% | 06/01/2025 | 0.2% |
New York State Dormitory Authority | 5.000% | 04/28/2036 | 0.2% |
Virginia Resources Authority | 5.000% | 10/30/2034 | 0.2% |
Connecticut Housing Finance Authority | 4.000% | 05/08/2049 | 0.2% |
Connecticut Housing Finance Authority | 6.250% | 05/07/2054 | 0.2% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/30/2028 | 0.2% |
City Of Farmington Nm | 3.900% | 05/28/2040 | 0.2% |
Allegheny County Hospital Development Authority | 5.000% | 03/31/2026 | 0.2% |
Central Texas Regional Mobility Authority | 5.000% | 11/30/2024 | 0.2% |
Iowa Finance Authority | 4.750% | 07/27/2042 | 0.2% |
Port Authority Of New York & New Jersey | 3.000% | 11/30/2027 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/14/2026 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/14/2026 | 0.2% |
City Of Houston Tx Combined Utility System Revenue | 5.000% | 11/11/2037 | 0.1% |
Tarrant County Cultural Education Facilities Finan | 5.000% | 11/07/2052 | 0.1% |
Michigan State Housing Development Authority | 4.250% | 11/24/2049 | 0.1% |
State Of Illinois | 5.000% | 09/29/2029 | 0.1% |
Philadelphia Gas Works Co | 5.000% | 07/30/2030 | 0.1% |
Wisconsin Housing & Economic Development Authority | 5.000% | 08/01/2026 | 0.1% |
North Carolina Housing Finance Agency | 4.000% | 12/25/2049 | 0.1% |
Chicago Transit Authority Capital Grant Receipts R | 5.000% | 06/01/2025 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/30/2026 | 0.1% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/11/2036 | 0.1% |
Minnesota Housing Finance Agency | 4.250% | 06/24/2049 | 0.1% |
City Of Seneca Ks | 5.000% | 06/01/2025 | 0.1% |
New York City Industrial Development Agency | 3.410% | 03/01/2026 | 0.1% |
Washington Health Care Facilities Authority | 4.640% | 12/01/2024 | 0.1% |
Wisconsin Housing & Economic Development Authority | 0.810% | 05/01/2025 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/13/2028 | 0.1% |
Colorado Health Facilities Authority | 5.000% | 11/08/2049 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/30/2029 | 0.1% |
Development Authority Of Monroe County/The | 1.500% | 02/03/2025 | 0.1% |
California Housing Finance Agency | 5.000% | 09/01/2026 | 0.1% |
Metropolitan Transportation Authority | 5.000% | 11/14/2026 | 0.1% |
City Of Chicago Il | 5.250% | 01/01/2025 | 0.1% |
Kentucky Municipal Power Agency | 3.450% | 03/01/2026 | 0.1% |
Missouri Housing Development Commission | 3.250% | 10/24/2052 | 0.1% |
Public Power Generation Agency | 5.000% | 12/30/2030 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/15/2025 | 0.1% |
Metropolitan Government Nashville & Davidson Count | 5.000% | 06/30/2028 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2025 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/30/2028 | 0.1% |
North Carolina Turnpike Authority | 5.000% | 12/31/2027 | 0.1% |
New York State Dormitory Authority | 5.000% | 05/01/2027 | 0.1% |
New York State Dormitory Authority | 5.000% | 05/01/2028 | 0.1% |
Industrial Development Authority Of The County Of | 5.125% | 11/13/2029 | 0.1% |
New Jersey Educational Facilities Authority | 5.000% | 07/01/2027 | 0.1% |
Philadelphia Gas Works Co | 5.000% | 07/31/2031 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/15/2027 | 0.1% |
County Of Cuyahoga Oh | 5.000% | 02/15/2025 | 0.1% |
Winchester Economic Development Authority | 5.000% | 12/28/2038 | 0.1% |
New York State Housing Finance Agency | 3.450% | 06/07/2054 | 0.1% |
California State Public Works Board | 5.000% | 09/30/2026 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/31/2027 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 10/30/2028 | 0.1% |
Kentucky Economic Development Finance Authority | 5.000% | 06/01/2025 | 0.1% |
New York State Dormitory Authority | 5.000% | 05/01/2026 | 0.1% |
California Municipal Finance Authority | 5.000% | 07/01/2026 | 0.1% |
Louisiana Public Facilities Authority | 5.000% | 04/11/2037 | 0.1% |
Village Community Development District No 13 | 2.625% | 04/29/2030 | 0.1% |
Central Plains Energy Project | 5.000% | 08/31/2027 | 0.1% |
Ohio Air Quality Development Authority | 4.000% | 08/30/2030 | 0.1% |
Public Power Generation Agency | 5.000% | 12/30/2031 | 0.1% |
Crawford County Memorial Hospital Inc | 5.000% | 12/15/2026 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 06/15/2025 | 0.1% |
Development Authority Of Appling County | 1.500% | 02/03/2025 | 0.1% |
Illinois Finance Authority | 5.000% | 08/30/2028 | 0.1% |
Pennsylvania Economic Development Financing Author | 5.250% | 11/27/2038 | 0.1% |
New York State Dormitory Authority | 5.000% | 09/30/2031 | 0.1% |
New York State Dormitory Authority | 5.000% | 09/29/2032 | 0.1% |
New York State Dormitory Authority | 5.000% | 09/29/2033 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/15/2026 | 0.1% |
New York State Dormitory Authority | 5.000% | 02/28/2030 | 0.1% |
Capital Trust Agency Inc | 4.000% | 06/13/2029 | 0.1% |
City Of Lenexa Ks | 5.000% | 05/15/2025 | 0.1% |
Berks County Municipal Authority/The | 0.000% | 06/25/2044 | 0.1% |
Ohio Air Quality Development Authority | 1.500% | 11/04/2025 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/14/2028 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 07/01/2025 | 0.1% |
Oklahoma Development Finance Authority | 5.000% | 08/14/2026 | 0.1% |
Niagara Area Development Corp | 3.500% | 11/01/2024 | 0.0% |
Florida Higher Educational Facilities Financial Au | 5.000% | 03/01/2025 | 0.0% |
Sierra Vista Industrial Development Authority | 5.000% | 06/12/2034 | 0.0% |
Illinois Finance Authority | 5.000% | 08/30/2029 | 0.0% |
New York State Dormitory Authority | 5.000% | 05/01/2025 | 0.0% |
Village Community Development District No 13 | 1.875% | 05/01/2025 | 0.0% |
Oklahoma Development Finance Authority | 5.000% | 08/15/2025 | 0.0% |
State Of New York Mortgage Agency Homeowner Mortga | 3.500% | 03/26/2049 | 0.0% |
Commonwealth Of Pennsylvania | 5.000% | 07/01/2025 | 0.0% |
Tulsa County Industrial Authority | 5.000% | 11/15/2026 | 0.0% |
Berks County Municipal Authority/The | 8.000% | 09/17/2033 | 0.0% |
Industrial Development Authority Of The County Of | 3.500% | 07/01/2025 | 0.0% |
New York State Dormitory Authority | 5.000% | 09/30/2030 | 0.0% |
Illinois Finance Authority | 5.000% | 05/15/2025 | 0.0% |
New York State Housing Finance Agency | 0.750% | 11/01/2025 | 0.0% |
State Of Ohio | 5.000% | 01/15/2027 | 0.0% |
Berks County Municipal Authority/The | 6.000% | 06/27/2034 | 0.0% |
California State Public Works Board | 5.000% | 10/01/2027 | 0.0% |
Colorado Health Facilities Authority | 5.000% | 11/08/2049 | 0.0% |
City Of Sparks Nv | 2.750% | 06/14/2028 | 0.0% |
California State Public Works Board | 5.000% | 10/01/2026 | 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 12/12/2024
- $0.39446
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 11/30/2024 | $0.03667 | $15.16 |
Daily | Daily | 10/31/2024 | $0.03629 | $15.08 |
Daily | Daily | 09/30/2024 | $0.03648 | $15.21 |
Daily | Daily | 08/31/2024 | $0.03650 | $15.15 |
Daily | Daily | 07/31/2024 | $0.03447 | $15.08 |
Daily | Daily | 06/30/2024 | $0.03620 | $15.02 |
Daily | Daily | 05/31/2024 | $0.03606 | $14.95 |
Daily | Daily | 04/30/2024 | $0.03663 | $14.96 |
Daily | Daily | 03/31/2024 | $0.03515 | $15.02 |
Daily | Daily | 02/29/2024 | $0.03557 | $15.04 |
Daily | Daily | 01/31/2024 | $0.03445 | $15.04 |
Upcoming Dividend Payment Dates
This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.
Record Date | Ex-Dividend Date | Reinvest & Payable Date |
---|---|---|
Daily | Daily | 12/31/2024 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/19/2013 | 12/20/2013 | $0.0121 | - | $0.0121 | $15.71 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 12/12/2024
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $15.50 |
$100,000 to $249,999 | 1.75% | 1.50% | $15.42 |
Greater than $250,000 | 0.00% | 1.00% | $15.15 |
Class A shares purchased without a sales charge (commissionable NAV) prior to 12/1/2021 will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls. However, effective 12/1/2021, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month of the 18-month anniversary of the purchase. Prior to 12/1/2021 purchases between $250,000 - $499,999 were subject to a front-end sales charge.
Expense Ratioas of 11/30/2024
Fund Gross Expense Ratio | 0.66% |
Fund Net Expense Ratio | 0.65% |
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 01/31/2025. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower. In addition, the net expense ratio takes into account deductions for certain interest and related expenses from certain of the Fund's investments. Under accounting rules, the Fund recognized additional income in an amount that directly offsets these interest and related expenses. Therefore, the Fund's total returns and net asset value were not affected by such interest and related expenses.
Fund Documents
Fund Documents
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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 Financial Statements and Other Information *
Publish Date:11/03/2015
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Annual Tailored Shareholder Report
Publish Date:11/03/2015
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Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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