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 05/29/2015  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.02% 0.97%
w/ sales charge 1.00% 0.95%

30-Day Standardized Yield 2 as of 04/30/2015  

Subsidized5 Un-Subsidized6
0.69% 0.64%

Fund Basicsas of 04/30/2015

Total Net Assets
$2.18 B
Inception Date
12/31/2008
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
372

Expense Ratioas of 04/30/2015

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 0.03% 0.39% 0.79% 1.62% - 2.41%
Lipper Category Avg. Short Municipal Debt Funds - - - - - -
Barclays 1-5 Year Muni Bond Index - - - - - -
w/ sales charge -2.20% -1.85% 0.02% 1.16% - 2.05%

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 0.31% 1.32% 1.10% 1.84% - 2.52%
Lipper Category Avg. Short Municipal Debt Funds 0.18% 0.79% 0.79% 1.24% - -
Barclays 1-5 Year Muni Bond Index 0.41% 1.33% 1.33% 1.91% - 2.46%
w/ sales charge -1.93% -0.94% 0.33% 1.37% - 2.15%

Fund Expense Ratio :

Gross 0.70%

Net 0.65%

Investment Team

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

28 Years of Industry Experience

Daniel T. Vande Velde
Daniel T. Vande Velde

Partner & Portfolio Manager

25 Years of Industry Experience

Supported By 11 Investment Professionals and 9 Years Avg. Industry Experience

Fund Performance Details next tab

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