Sustainable Municipal Bond Fund
Daily price w/o sales charge as of 05/20/2022
$9.04
$0.03
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Dividend Yield 1 as of 05/20/2022
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 1.85% | 1.75% |
30-Day Standardized Yield 2 as of 04/30/2022
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 2.69% | 1.43% |
Fund Basicsas of 03/31/2022
- Total Net Assets
- $4.77 M
- Inception Date
- 01/24/2022
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.49%
- Fund Net Expense Ratio
- 0.39%
- Number of Holdings
- 33
Fund Expense Ratio :
Gross 0.49%
Net 0.39%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/20/2022 |
---|
w/o sales charge | - | - | - | - | - | -7.52% |
Lipper Category Avg. Intermediate Municipal Debt Funds | - | - | - | - | - | - |
Bloomberg 1-15 Year Municipal Index | - | - | - | - | - | -6.21% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.49%
Net 0.39%
Fund Expense Ratio :
Gross 0.49%
Net 0.39%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/20/2022 |
---|
w/o sales charge | - | - | - | - | - | -4.75% |
Lipper Category Avg. Intermediate Municipal Debt Funds | - | - | - | - | - | - |
Bloomberg 1-15 Year Municipal Index | - | - | - | - | - | -4.20% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.49%
Net 0.39%
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
Maturity | Assets |
---|---|
5-5.99 | |
9-9.99 | |
14-14.99 | |
0-.99 | |
15-15.99 | |
13-13.99 | |
8-8.99 | |
4-4.99 | |
7-7.99 | |
10-10.99 | |
17-17.99 | |
6-6.99 | |
27-27.99 | |
18-18.99 | |
19-19.99 | |
12-12.99 | |
22-22.99 |
The Fund's portfolio is actively managed and is subject to change.
CREDIT QUALITY DISTRIBUTION as of 03/31/2022 View Portfolio
Rating | Assets |
---|---|
AA | |
A | |
BBB | |
< BBB | |
Not Rated |
Ratings provided by Standard & Poor's, Moody's, and Fitch. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. For a security with both a short-term and a long-term rating, Lord Abbett has categorized the security in the chart above using its short-term rating only. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities are not rated. A-1/MIG1, A-2/MIG2 and A-3/MIG3 designations denote securities with less than a three-year maturity as well as superior (A-1/MIG1), strong (A-2/MIG2) and favorable (A-3/MIG3) credit quality. The credit quality breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Credit quality allocation reflects market value weightings.
INVESTMENT TEAM




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Performance
Performance
Dividend Yield 1 as of 05/20/2022
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 1.85% | 1.75% |
30-Day Standardized Yield 2 as of 04/30/2022
Subsidized5 | Un-Subsidized6 | |
---|---|---|
w/o sales charge | 2.69% | 1.43% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.49%
Net 0.39%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/20/2022 |
---|
w/o sales charge | - | - | - | - | - | -7.52% |
Lipper Category Avg. Intermediate Municipal Debt Funds | - | - | - | - | - | - |
Bloomberg 1-15 Year Municipal Index | - | - | - | - | - | -6.21% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.49%
Net 0.39%
Fund Expense Ratio :
Gross 0.49%
Net 0.39%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/20/2022 |
---|
w/o sales charge | - | - | - | - | - | -4.75% |
Lipper Category Avg. Intermediate Municipal Debt Funds | - | - | - | - | - | - |
Bloomberg 1-15 Year Municipal Index | - | - | - | - | - | -4.20% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.49%
Net 0.39%
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
Fees & Expenses
Fees & Expenses
Certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month of the 18-month anniversary of the purchase.
Expense Ratioas of 04/30/2022
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
0.49% | 0.39% |
Expense ratio details, Click here.
The net expense is based on estimates for the current fiscal year and takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 01/31/2023. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Documents
Fund Documents
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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