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 04/30/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 3.07% 0.67%

Average Yield to Worst as of 04/30/2024

4.13%

Fund Basicsas of 04/30/2024

Total Net Assets
$5.46 M
Inception Date
01/24/2022
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.92%
Fund Net Expense Ratio
0.63%
Number of Holdings
42
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 2.92%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge -0.36% 2.87% - - - -1.18%
Lipper Category Avg. Intermediate Municipal Debt Funds -0.72% 2.52% - - - -
Bloomberg 1-15 Year Municipal Index -1.31% 1.85% - - - -0.50%
w/ sales charge -2.56% 0.57% - - - -2.17%

Fund Expense Ratio :

Gross 2.92%

Net 0.63%

Fund Expense Ratio :

Gross 2.92%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge 0.56% 3.94% - - - -0.81%
Lipper Category Avg. Intermediate Municipal Debt Funds 0.15% 3.31% - - - -
Bloomberg 1-15 Year Municipal Index -0.29% 2.62% - - - -0.05%
w/ sales charge -1.66% 1.62% - - - -1.84%

Fund Expense Ratio :

Gross 2.92%

Net 0.63%

CREDIT QUALITY DISTRIBUTION as of 04/30/2024 View Portfolio

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

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Portfolio

Portfolio

PORTFOLIO BREAKDOWN as of 04/30/2024

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

PORTFOLIO BREAKDOWN as of 04/30/2024

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
30+ Years

PORTFOLIO BREAKDOWN as of 04/30/2024

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

Credit QUALITY DISTRIBUTION as of 04/30/2024

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

Portfolio Details as of 04/30/2024

Total Net Assets
$5.46 M
Average Effective Duration
5.29 Years
Average Effective Maturity
10.5 Years
Number of Issues
42
Average Yield to Worst
4.13%

Performance

Performance

Average Yield to Worst as of 04/30/2024

4.13%

30-Day Standardized Yield 1 as of 04/30/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 3.07% 0.67%

Fund Expense Ratio :

Gross 2.92%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge -0.36% 2.87% - - - -1.18%
Lipper Category Avg. Intermediate Municipal Debt Funds -0.72% 2.52% - - - -
Bloomberg 1-15 Year Municipal Index -1.31% 1.85% - - - -0.50%
w/ sales charge -2.56% 0.57% - - - -2.17%

Fund Expense Ratio :

Gross 2.92%

Net 0.63%

Fund Expense Ratio :

Gross 2.92%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/20/2022
w/o sales charge 0.56% 3.94% - - - -0.81%
Lipper Category Avg. Intermediate Municipal Debt Funds 0.15% 3.31% - - - -
Bloomberg 1-15 Year Municipal Index -0.29% 2.62% - - - -0.05%
w/ sales charge -1.66% 1.62% - - - -1.84%

Fund Expense Ratio :

Gross 2.92%

Net 0.63%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 05/24/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000,000 0.00% 0.00% $9.38

Expense Ratioas of 04/30/2024

Fund Gross Expense Ratio Fund Net Expense Ratio
2.92% 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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