Sustainable Municipal Bond Fund

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(as of 12/05/2015)

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Sustainable Municipal Bond Fund

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Summary

Summary

What is the Sustainable Municipal Bond Fund?

The Fund seeks to deliver a high level of income exempt from federal taxation by investing primarily in intermediate-term investment grade municipal bonds.

 

Yield

Dividend Yield 1 as of 10/06/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.33% 2.23%
w/ sales charge 2.28% 2.18%

30-Day Standardized Yield 2 as of 08/31/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.48% 0.72%

Fund Basicsas of 08/31/2022

Total Net Assets
$4.60 M
Inception Date
01/24/2022
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
34
Minimum Initial Investment
$1,500+

Expense Ratioas of 09/30/2022

Fund Expense Ratio :

Gross 0.73%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge - - - - - -10.85%
Lipper Category Avg. Intermediate Municipal Debt Funds - - - - - -
Bloomberg 1-15 Year Municipal Index - - - - - -8.12%
w/ sales charge - - - - - -12.86%

Fund Expense Ratio :

Gross 0.73%

Net 0.63%

Fund Expense Ratio :

Gross 0.73%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge - - - - - -10.85%
Lipper Category Avg. Intermediate Municipal Debt Funds - - - - - -
Bloomberg 1-15 Year Municipal Index - - - - - -8.12%
w/ sales charge - - - - - -12.86%

Fund Expense Ratio :

Gross 0.73%

Net 0.63%

The Muni Quarterly

The Muni Quarterly offers insights from our analysts on key topics for municipal bond investors, along with essential market information.

CREDIT QUALITY DISTRIBUTION as of 08/31/2022 View Portfolio

Rating Assets
AA
A
BBB
< BBB
Not Rated

INVESTMENT TEAM

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

35 Years of Industry Experience

Greg Shuman
Gregory M. Shuman, CFA

Portfolio Manager

12 Years of Industry Experience

Daniel S. Solender
Christopher T. English, CFA

Portfolio Manager

12 Years of Industry Experience

Supported By 15 Investment Professionals with 14 Years Avg. Industry Experience

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Portfolio

Portfolio

PORTFOLIO BREAKDOWN as of 08/31/2022

Sector Assets
Healthcare/Hospital
Education
Transportation
GO Local
IDR/PCR
Housing
Water & Sewer
Lease

PORTFOLIO BREAKDOWN as of 08/31/2022

Maturity Assets
5-5.99
6-6.99
14-14.99
9-9.99
12-12.99
7-7.99
8-8.99
4-4.99
17-17.99
10-10.99
27-27.99
3-3.99
0-.99

PORTFOLIO BREAKDOWN as of 08/31/2022

Rating Assets
CA
NY
TX
MD
OH
IL
NJ
DC
CT
CO
MN
IA
FL

Credit QUALITY DISTRIBUTION as of 08/31/2022

Rating Assets
AA
A
BBB
< BBB
Not Rated

Portfolio Details as of 08/31/2022

Total Net Assets
$4.60 M
Number of Issues
34
Average Coupon
4.7%
Average Effective Maturity
9.4 Years
Average Effective Duration
5.97 Years

Performance

Performance

Dividend Yield 1 as of 10/06/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.33% 2.23%
w/ sales charge 2.28% 2.18%

30-Day Standardized Yield 2 as of 08/31/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.48% 0.72%

Fund Expense Ratio :

Gross 0.73%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge - - - - - -10.85%
Lipper Category Avg. Intermediate Municipal Debt Funds - - - - - -
Bloomberg 1-15 Year Municipal Index - - - - - -8.12%
w/ sales charge - - - - - -12.86%

Fund Expense Ratio :

Gross 0.73%

Net 0.63%

Fund Expense Ratio :

Gross 0.73%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge - - - - - -10.85%
Lipper Category Avg. Intermediate Municipal Debt Funds - - - - - -
Bloomberg 1-15 Year Municipal Index - - - - - -8.12%
w/ sales charge - - - - - -12.86%

Fund Expense Ratio :

Gross 0.73%

Net 0.63%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 10/06/2022

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000,000 0.00% 0.00% $9.06

Expense Ratioas of 09/30/2022

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015

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The Bloomberg 1-15 Year Municipal Bond index is the 1-15 year component of the Municipal Bond index. The Bloomberg Municipal Bond Index is a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market. The index is a broad measure of the municipal bond market with maturities of at least one year.  To be included in the index, bonds must be rated investment-grade (Baa3/BBB- or higher) by at least two of the following ratings agencies: Moody's, S&P, Fitch. If only two of the three agencies rate the security, the lower rating is used to determine index eligibility. If only one of the three agencies rates a security, the rating must be investment-grade. They must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate, have a dated-date after December 31, 1990, and must be at least one year from their maturity date.

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