What is the Short Duration Tax Free Fund ?

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

Yield

Dividend Yield 1 as of 03/02/2015  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.13% 1.07%
w/ sales charge 1.10% 1.05%

30-Day Standardized Yield 2 as of 01/31/2015  

Subsidized5 Un-Subsidized6
0.57% 0.52%

Fund Basicsas of 01/30/2015

Total Net Assets
$2.36 B
Inception Date
12/31/2008
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
397

Expense Ratioas of 01/31/2015

Fund Expense Ratio :

Gross 0.70%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2008
w/o sales charge 0.65% 1.81% 1.25% 1.92% - 2.64%
Lipper Category Avg. Short Municipal Debt Funds 0.39% 1.05% 0.86% 1.31% - -
Barclays 1-5 Year Muni Bond Index 0.69% 1.62% 1.44% 1.96% - 2.58%
w/ sales charge -1.60% -0.47% 0.47% 1.46% - 2.26%

Fund Expense Ratio :

Gross 0.70%

Net 0.65%

Fund Expense Ratio :

Gross 0.70%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2008
w/o sales charge 1.58% 1.58% 1.25% 1.87% - 2.57%
Lipper Category Avg. Short Municipal Debt Funds 0.95% 0.95% 0.89% 1.27% - -
Barclays 1-5 Year Muni Bond Index 1.31% 1.31% 1.39% 1.90% - 2.50%
w/ sales charge -0.69% -0.69% 0.49% 1.41% - 2.18%

Fund Expense Ratio :

Gross 0.70%

Net 0.65%

Investment Team

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

27 Years of Industry Experience

Daniel T. Vande Velde
Daniel T. Vande Velde

Partner & Portfolio Manager

24 Years of Industry Experience

Supported By 11 Investment Professionals and 8 Years Avg. Industry Experience

Fund Performance Details next tab

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