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 02/05/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.00% 0.95%
w/ sales charge 0.98% 0.93%

30-Day Standardized Yield 2 as of 01/31/2016  

Subsidized5 Un-Subsidized6
0.72% 0.68%

Fund Basicsas of 12/31/2015

Total Net Assets
$2.06 B
Inception Date
12/31/2008
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
377

Expense Ratioas of 01/31/2016

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 0.47% 0.53% 0.82% 1.66% - 2.34%
Lipper Category Avg. Short Municipal Debt Funds 0.36% 0.35% 0.60% 1.27% - -
Barclays 1-5 Year Muni Bond Index 0.62% 1.15% 1.35% 1.89% - 2.37%
w/ sales charge -1.78% -1.76% 0.05% 1.20% - 2.01%

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 0.71% 0.71% 0.77% 1.58% - 2.30%
Lipper Category Avg. Short Municipal Debt Funds 0.40% 0.40% 0.55% 1.18% - -
Barclays 1-5 Year Muni Bond Index 1.21% 1.21% 1.22% 1.76% - 2.31%
w/ sales charge -1.54% -1.54% 0.00% 1.12% - 1.97%

Fund Expense Ratio :

Gross 0.70%

Net 0.65%

Investment Team

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

29 Years of Industry Experience

Daniel T. Vande Velde
Daniel T. Vande Velde

Partner & Portfolio Manager

26 Years of Industry Experience

Supported By 13 Investment Professionals and 10 Years Avg. Industry Experience

Fund Performance Details next tab

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