Sustainable Municipal Bond Fund

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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

30-Day Standardized Yield 1 as of 11/30/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 3.29% 0.85%

Average Yield to Worst as of 10/31/2023

4.77%

Fund Basicsas of 10/31/2023

Total Net Assets
$5.13 M
Inception Date
01/24/2022
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.16%
Fund Net Expense Ratio
0.63%
Number of Holdings
39
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 2.16%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge 3.47% 3.91% - - - -2.36%
Lipper Category Avg. Intermediate Municipal Debt Funds - - - - - -
Bloomberg 1-15 Year Municipal Index 3.30% 3.79% - - - -0.91%
w/ sales charge 1.12% 1.55% - - - -3.55%

Fund Expense Ratio :

Gross 2.16%

Net 0.63%

Fund Expense Ratio :

Gross 2.16%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge -0.13% 3.57% - - - -4.60%
Lipper Category Avg. Intermediate Municipal Debt Funds -0.54% 2.77% - - - -
Bloomberg 1-15 Year Municipal Index -1.06% 2.50% - - - -3.48%
w/ sales charge -2.39% 1.27% - - - -5.88%

Fund Expense Ratio :

Gross 2.16%

Net 0.63%

CREDIT QUALITY DISTRIBUTION as of 10/31/2023 View Portfolio

Rating Assets
A-1/MIG1
AAA
AA
A
BBB
< BBB
Not Rated

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Portfolio

Portfolio

PORTFOLIO BREAKDOWN as of 10/31/2023

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

PORTFOLIO BREAKDOWN as of 10/31/2023

Maturity Assets
<1 Year
1-3 Years
3-5 Years
5-7 Years
7-9 Years
9-12 Years
12-15 Years
15-18 Years
18-25 Years

PORTFOLIO BREAKDOWN as of 10/31/2023

Rating Assets
TX
CA
NJ
OH
FL
CT
MD
IL
MI
VA
DC
LA
IN
MA
PA
NY
SC

Credit QUALITY DISTRIBUTION as of 10/31/2023

Rating Assets
A-1/MIG1
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Details as of 10/31/2023

Total Net Assets
$5.13 M
Average Effective Duration
5.3 Years
Average Effective Maturity
8.5 Years
Number of Issues
39
Average Yield to Worst
4.77%

Performance

Performance

Average Yield to Worst as of 10/31/2023

4.77%

30-Day Standardized Yield 1 as of 11/30/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 3.29% 0.85%

Fund Expense Ratio :

Gross 2.16%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge 3.47% 3.91% - - - -2.36%
Lipper Category Avg. Intermediate Municipal Debt Funds - - - - - -
Bloomberg 1-15 Year Municipal Index 3.30% 3.79% - - - -0.91%
w/ sales charge 1.12% 1.55% - - - -3.55%

Fund Expense Ratio :

Gross 2.16%

Net 0.63%

Fund Expense Ratio :

Gross 2.16%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge -0.13% 3.57% - - - -4.60%
Lipper Category Avg. Intermediate Municipal Debt Funds -0.54% 2.77% - - - -
Bloomberg 1-15 Year Municipal Index -1.06% 2.50% - - - -3.48%
w/ sales charge -2.39% 1.27% - - - -5.88%

Fund Expense Ratio :

Gross 2.16%

Net 0.63%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 12/05/2023

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000,000 0.00% 0.00% $9.36

Expense Ratioas of 10/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
2.16% 0.63%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
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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