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 04/29/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.04% 0.99%
w/ sales charge 1.01% 0.96%

30-Day Standardized Yield 2 as of 03/31/2016  

Subsidized5 Un-Subsidized6
0.75% 0.71%

Fund Basicsas of 03/31/2016

Total Net Assets
$2.03 B
Inception Date
12/31/2008
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
389

Expense Ratioas of 03/31/2016

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 0.75% 1.26% 0.76% 1.52% - 2.30%
Lipper Category Avg. Short Municipal Debt Funds - - - - - -
Barclays 1-5 Year Muni Bond Index - - - - - -
w/ sales charge -1.51% -1.01% -0.01% 1.06% - 1.99%

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 0.52% 0.92% 0.76% 1.58% - 2.30%
Lipper Category Avg. Short Municipal Debt Funds 0.35% 0.56% 0.54% 1.20% - -
Barclays 1-5 Year Muni Bond Index 0.71% 1.51% 1.27% 1.77% - 2.33%
w/ sales charge -1.73% -1.33% -0.01% 1.12% - 1.98%

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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