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 09/03/2015  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.03% 0.98%
w/ sales charge 1.00% 0.95%

30-Day Standardized Yield 2 as of 07/31/2015  

Subsidized5 Un-Subsidized6
0.81% 0.76%

Fund Basicsas of 07/31/2015

Total Net Assets
$2.05 B
Inception Date
12/31/2008
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
362

Expense Ratioas of 07/31/2015

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 0.35% 0.37% 0.74% 1.36% - 2.37%
Lipper Category Avg. Short Municipal Debt Funds - - - - - -
Barclays 1-5 Year Muni Bond Index 0.81% 0.73% 1.14% 1.50% - 2.37%
w/ sales charge -1.89% -1.86% -0.03% 0.91% - 2.02%

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 0.05% 0.50% 0.80% 1.59% - 2.38%
Lipper Category Avg. Short Municipal Debt Funds -0.03% 0.19% 0.57% 1.10% - -
Barclays 1-5 Year Muni Bond Index 0.39% 0.66% 1.14% 1.68% - 2.36%
w/ sales charge -2.18% -1.74% 0.03% 1.13% - 2.02%

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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