LANSX | National Tax Free Fund Class A | Lord Abbett

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National Tax Free Fund

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Daily price w/o sales charge as of 06/26/2024

$10.47

arrowDown$0.03

YTD Returns w/o sales charge as of 06/26/2024

1.08%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the National Tax Free Fund?

The Fund seeks to deliver a high level of income exempt from federal taxation by investing primarily in investment grade municipal bonds with select exposure to lower-rated municipal bonds.

Yield

30-Day Standardized Yield 1 as of 05/31/2024  

3.56%

Average Yield to Worst as of 05/31/2024

4.45%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.

Fund Basicsas of 05/31/2024

Total Net Assets
$4.30 B
Inception Date
04/02/1984
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.77%
Fund Net Expense Ratio
0.70%
Number of Holdings
745
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

Gross 0.77%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge -0.53% 4.02% -2.36% 0.63% 2.43% 5.65%
Lipper Category Avg. General & Insured Municipal Debt Funds -0.88% 3.52% -1.72% 0.70% 2.07% -
Bloomberg Municipal Bond Index -1.91% 2.67% -1.29% 0.93% 2.25% -
w/ sales charge -2.74% 1.65% -3.10% 0.17% 2.19% 5.59%

Fund Expense Ratio :

Gross 0.77%

Net 0.70%

Fund Expense Ratio :

Gross 0.77%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge 0.41% 4.66% -1.35% 1.27% 2.88% 5.70%
Lipper Category Avg. General & Insured Municipal Debt Funds 0.21% 3.97% -0.84% 1.29% 2.47% -
Bloomberg Municipal Bond Index -0.39% 3.13% -0.41% 1.59% 2.66% -
w/ sales charge -1.83% 2.30% -2.10% 0.82% 2.65% 5.64%

Fund Expense Ratio :

Gross 0.77%

Net 0.70%

Returns with sales charges reflect a maximum sales charge of 2.25%.

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.

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

The Fund's portfolio is actively managed and is subject to change.

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
25-30 Years
30+ Years

The Fund's portfolio is actively managed and is subject to change.

Credit Quality Distribution as of 05/31/2024 View Portfolio

Rating Assets
A-3/MIG3
AAA
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.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. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

INVESTMENT TEAM

Daniel S. Solender
Daniel S. Solender, CFA

Partner, Director of Tax Free Fixed Income

37 Years of Industry Experience

Gregory M. Shuman
Gregory M. Shuman, CFA

Partner, Portfolio Manager

14 Years of Industry Experience

Supported By 18 Investment Professionals with 13 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Worst as of 05/31/2024

4.45%

30-Day Standardized Yield 1 as of 05/31/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 3.56% 3.56%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.77%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge -0.53% 4.02% -2.36% 0.63% 2.43% 5.65%
Lipper Category Avg. General & Insured Municipal Debt Funds -0.88% 3.52% -1.72% 0.70% 2.07% -
Bloomberg Municipal Bond Index -1.91% 2.67% -1.29% 0.93% 2.25% -
w/ sales charge -2.74% 1.65% -3.10% 0.17% 2.19% 5.59%

Fund Expense Ratio :

Gross 0.77%

Net 0.70%

Fund Expense Ratio :

Gross 0.77%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge 0.41% 4.66% -1.35% 1.27% 2.88% 5.70%
Lipper Category Avg. General & Insured Municipal Debt Funds 0.21% 3.97% -0.84% 1.29% 2.47% -
Bloomberg Municipal Bond Index -0.39% 3.13% -0.41% 1.59% 2.66% -
w/ sales charge -1.83% 2.30% -2.10% 0.82% 2.65% 5.64%

Fund Expense Ratio :

Gross 0.77%

Net 0.70%

Returns with sales charges reflect a maximum sales charge of 2.25%.

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.

Year Fund Returns Bloomberg Municipal Bond Index
2023 7.47% 6.40%
2022 -13.93% -8.53%
2021 3.63% 1.52%
2020 4.80% 5.21%
2019 9.38% 7.54%
2018 0.72% 1.28%
2017 7.07% 5.45%
2016 0.36% 0.25%
2015 3.28% 3.30%
2014 12.83% 9.05%
2013 -6.11% -
2012 13.75% -
2011 11.08% -
2010 2.20% -
2009 24.60% -
2008 -15.24% -
2007 -1.44% -
2006 4.57% -
2005 3.69% -
2004 3.85% -
Year Q1 Q2 Q3 Q4
2024 0.41% - - -
2023 3.10% 0.76% -4.19% 7.97%
2022 -8.24% -5.75% -4.40% 4.10%
2021 0.25% 2.92% -0.81% 1.26%
2020 -3.38% 3.33% 1.56% 3.35%
2019 3.56% 2.83% 2.05% 0.65%
2018 -1.13% 1.18% -0.26% 0.94%
2017 1.87% 2.10% 1.68% 1.25%
2016 2.14% 3.51% -0.05% -5.03%
2015 1.24% -1.22% 1.35% 1.90%
2014 4.72% 3.50% 2.28% 1.77%
2013 0.58% -4.82% -1.93% 0.00%
2012 4.76% 2.75% 3.78% 1.82%
2011 -0.10% 5.03% 3.41% 2.38%
2010 2.25% 1.57% 4.52% -5.86%
2009 7.21% 5.87% 11.02% -1.11%
2008 -1.89% 0.54% -6.18% -8.41%
2007 0.72% -0.58% -0.55% -1.03%
2006 0.26% -0.13% 3.19% 1.21%
2005 0.19% 3.26% -0.38% 0.60%
2004 1.71% -3.15% 3.95% 1.42%
2003 0.92% 2.86% -0.84% 1.66%
2002 1.01% 3.03% 5.02% -0.44%
2001 1.60% 0.32% 2.88% -0.68%
2000 3.45% 1.13% 2.09% 5.52%
1999 1.03% -2.59% -2.39% -1.65%
1998 1.05% 1.82% 3.27% 0.10%
1997 -0.49% 3.56% 3.49% 3.14%
1996 -1.79% 0.87% 2.40% 2.49%
1995 7.66% 1.62% 2.71% 4.76%
1994 -6.40% -0.27% 0.52% -2.26%
1993 4.83% 3.39% 3.68% 0.60%
1992 0.25% 4.14% 2.16% 1.95%
1991 2.17% 2.00% 3.93% 3.88%
1990 0.33% 2.36% 0.06% 4.35%
1989 0.54% 5.79% -0.24% 3.21%
1988 3.58% 2.40% 3.21% 2.89%
1987 2.61% -5.00% -3.03% 6.14%
1986 9.43% -0.87% 5.46% 4.96%
1985 3.71% 8.30% -1.48% 8.13%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 05/31/2024

The chart begins on the Fund's inception date of 04/02/1984.

Based on a hypothetical Class A share investment of $10,000 on 04/02/1984 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

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

The Fund's portfolio is actively managed and is subject to change.

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
25-30 Years
30+ Years

The Fund's portfolio is actively managed and is subject to change.

State Assets
NY
CA
IL
NJ
AL
PA
FL
TX
OH
MD
GA
IA
LA
KY
Puerto Rico
MA
SC
WA
TN
WI
CT
MN
MI
NC
VA
NH
OK
OR
IN
CO
AZ
MO
AR
RI
NM
UT
WV
KS
NE
VT
MT
DE
DC
OT
HI
NV

Credit Quality Distribution as of 05/31/2024

Rating Assets
A-3/MIG3
AAA
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.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. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 3/31/2024

  • Given interest rate volatility, we have been selling callable bonds priced close to par seeking to improve convexity, to position the portfolio to have a higher probability of performing better in a wide range of interest rate scenarios. We have been reallocating to bonds with more favorable structures, such as higher coupon bonds with longer call protection.
  • We remain overweight credit, particularly within lower-rated investment grade tiers where we continue to find notable yield pickup relative to higher-rated investment grade bonds.
  • We continue to focus on the most attractive segments of the yield curve from a total return and roll down perspective, while selling flatter segments of the curve or maturities that do not provide much incremental yield for added risk. 

Portfolio Details as of 05/31/2024

Total Net Assets
$4.30 B
Average Coupon
4.7%
Average Effective Duration
7.8 Years
Average Effective Maturity
19.8 Years
Number of Issues
745
Average Yield to Worst
4.45%

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Effective Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.

Holding Coupon Maturity Assets
Buckeye Tobacco Settlement Financing Authority 5.000% 05/24/2055 1.0%
Pennsylvania Economic Development Financing Author 6.000% 06/20/2061 0.8%
California Community Choice Financing Authority 5.250% 12/24/2053 0.8%
Kentucky Public Energy Authority 5.250% 03/24/2054 0.7%
Main Street Natural Gas Inc 5.000% 05/24/2053 0.6%
Iowa Finance Authority 5.000% 11/24/2050 0.6%
Iowa Finance Authority 5.000% 11/24/2050 0.6%
New York State Dormitory Authority 5.500% 06/23/2054 0.6%
New Jersey Transportation Trust Fund Authority 4.000% 06/09/2045 0.6%
Pefa Inc 5.000% 08/25/2049 0.6%
% of Total Assets 6.9%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Holding Coupon Maturity Assets
Buckeye Tobacco Settlement Financing Authority5.000% 05/24/20550.9%
Pennsylvania Economic Development Financing Author6.000% 06/20/20610.8%
California Community Choice Financing Authority5.250% 12/24/20530.7%
Kentucky Public Energy Authority5.250% 03/24/20540.7%
Main Street Natural Gas Inc5.000% 05/24/20530.6%
Iowa Finance Authority5.000% 11/24/20500.6%
Iowa Finance Authority5.000% 11/24/20500.6%
New York State Dormitory Authority5.500% 06/23/20540.6%
New Jersey Transportation Trust Fund Authority4.000% 06/09/20450.6%
Pefa Inc5.000% 08/25/20490.6%
Metropolitan Pier & Exposition Authority4.000% 06/08/20500.5%
New York Transportation Development Corp5.375% 06/20/20600.5%
New York Liberty Development Corp3.000% 09/10/20430.5%
New York Transportation Development Corp5.000% 09/26/20400.5%
County Of Jefferson Al Sewer Revenue5.250% 09/24/20490.5%
Louisiana Public Facilities Authority5.250% 09/23/20530.5%
Chicago O'Hare International Airport5.000% 12/26/20470.5%
City Of Chicago Il6.000% 12/28/20370.5%
City Of Charlotte Nc Airport Revenue5.250% 06/23/20530.5%
Illinois Finance Authority5.250% 05/07/20540.5%
Duluth Economic Development Authority5.250% 02/06/20580.5%
Main Street Natural Gas Inc4.000% 10/31/20270.5%
New York Transportation Development Corp5.250% 12/25/20490.5%
City Of Chicago Il5.500% 12/24/20480.4%
New York Transportation Development Corp6.000% 06/22/20540.4%
Tender Option Bond Trust Receipts/Certificates5.840% 04/29/20320.4%
California Pollution Control Financing Authority5.000% 07/01/20240.4%
Tender Option Bond Trust Receipts/Certificates6.762% 12/30/20310.4%
Maryland Health & Higher Educational Facilities Au5.500% 12/26/20450.4%
Louisiana Stadium & Exposition District5.250% 06/23/20530.4%
Northern California Energy Authority5.000% 11/23/20540.4%
State Of Michigan Trunk Line Revenue5.500% 11/08/20490.4%
Roanoke Economic Development Authority3.000% 06/25/20450.4%
San Diego County Regional Airport Authority5.000% 06/24/20510.4%
Development Authority Of Appling County4.150% 05/01/20240.4%
New Jersey Transportation Trust Fund Authority5.250% 06/08/20500.4%
New York City Transitional Finance Authority Futur5.000% 01/27/20440.4%
Connecticut State Health & Educational Facilities5.250% 06/29/20330.4%
Patriots Energy Group Financing Agency5.250% 09/23/20540.4%
Foothill-Eastern Transportation Corridor Agency4.000% 01/10/20430.4%
Illinois Finance Authority5.000% 08/07/20520.4%
Black Belt Energy Gas District4.000% 11/22/20520.4%
Kentucky Public Energy Authority4.000% 07/24/20520.4%
Chandler Industrial Development Authority5.000% 08/24/20520.4%
New Jersey Transportation Trust Fund Authority5.000% 06/09/20460.4%
Public Finance Authority5.000% 06/26/20420.4%
Southeast Alabama Gas Supply District/The5.000% 07/24/20540.3%
North Carolina Turnpike Authority4.000% 12/27/20360.3%
New York City Municipal Water Finance Authority5.000% 06/17/20240.3%
Port Authority Of New York & New Jersey5.000% 01/08/20520.3%
Main Street Natural Gas Inc4.000% 08/24/20520.3%
New York Transportation Development Corp6.000% 03/29/20350.3%
Main Street Natural Gas Inc5.000% 11/22/20520.3%
Hurst-Euless-Bedford Independent School District4.000% 08/08/20500.3%
Rhode Island Health And Educational Building Corp5.000% 10/24/20530.3%
Minnesota Agricultural & Economic Development Boar5.250% 12/24/20530.3%
Commonwealth Of Puerto Rico4.000% 06/25/20460.3%
New York City Municipal Water Finance Authority5.250% 06/07/20540.3%
Chicago Board Of Education4.000% 11/25/20470.3%
Chicago Transit Authority Sales Tax Receipts Fund5.250% 11/24/20490.3%
Chicago O'Hare International Airport4.000% 12/27/20430.3%
Great Lakes Water Authority Sewage Disposal System5.500% 06/23/20520.3%
County Of Jefferson Al Sewer Revenue5.500% 09/23/20530.3%
County Of Miami-Dade Fl Transit System5.000% 06/24/20510.3%
Maryland Economic Development Corp5.250% 06/22/20550.3%
New York Transportation Development Corp5.000% 12/28/20320.3%
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue4.750% 06/23/20530.3%
Metropolitan Transportation Authority5.250% 11/08/20490.3%
Riverside County Redevelopment Successor Agency8.500% 10/01/20260.3%
County Of Trimble Ky3.750% 05/30/20330.3%
Metropolitan Transportation Authority5.250% 11/08/20440.3%
New Jersey Transportation Trust Fund Authority0.000% 12/13/20290.3%
Chicago Transit Authority Sales Tax Receipts Fund4.000% 11/24/20500.3%
State Of Illinois5.500% 04/25/20470.3%
City Of San Antonio Tx Electric & Gas Systems Reve5.500% 01/25/20500.3%
New Jersey Economic Development Authority5.000% 10/23/20520.3%
New Jersey Economic Development Authority5.250% 10/26/20470.3%
Energy Southeast A Cooperative District5.750% 03/24/20540.3%
Southeast Energy Authority A Cooperative District4.000% 11/24/20510.3%
Black Belt Energy Gas District4.000% 09/23/20520.3%
State Of Illinois5.500% 02/23/20470.3%
Tender Option Bond Trust Receipts/Certificates6.650% 04/29/20330.3%
Massachusetts Development Finance Agency5.000% 06/23/20540.3%
San Leandro Unified School District5.250% 07/25/20480.3%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/05/20620.3%
Delaware River Joint Toll Bridge Commission5.000% 06/25/20470.3%
Metropolitan Transportation Authority5.250% 11/07/20550.3%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.329% 06/26/20400.3%
New York Transportation Development Corp4.000% 06/26/20410.3%
Tender Option Bond Trust Receipts/Certificates6.314% 06/29/20320.3%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/07/20520.3%
New York Liberty Development Corp3.000% 11/08/20510.3%
City Of Salt Lake City Ut Airport Revenue5.000% 06/27/20360.3%
New York State Thruway Authority3.000% 03/09/20480.3%
Louisiana Public Facilities Authority4.000% 03/25/20500.3%
Virginia College Building Authority4.000% 01/27/20430.3%
Arkansas Development Finance Authority4.500% 08/25/20490.3%
Palomar Health5.000% 10/27/20360.3%
Patriots Energy Group Financing Agency5.250% 01/24/20540.3%
Tennessee Energy Acquisition Corp5.625% 08/31/20260.3%
Maryland State Transportation Authority5.000% 06/24/20510.2%
Metropolitan Pier & Exposition Authority0.000% 06/12/20330.2%
California State Public Works Board5.000% 03/24/20490.2%
City Of Baltimore Md5.000% 06/25/20460.2%
New Mexico Municipal Energy Acquisition Authority5.000% 10/28/20390.2%
Oklahoma Development Finance Authority5.500% 08/07/20520.2%
Oklahoma Development Finance Authority5.500% 08/06/20570.2%
Connecticut State Health & Educational Facilities4.000% 06/26/20410.2%
Black Belt Energy Gas District5.500% 05/25/20490.2%
New Hampshire Business Finance Authority4.000% 10/16/20360.2%
Clifton Higher Education Finance Corp6.125% 08/08/20480.2%
County Of Miami-Dade Fl Aviation Revenue5.000% 09/28/20350.2%
Wisconsin Health & Educational Facilities Authorit5.620% 05/07/20240.2%
Washington State Convention Center Public Faciliti4.000% 06/29/20310.2%
Los Angeles Department Of Water & Power5.000% 06/23/20530.2%
Maricopa County Industrial Development Authority4.000% 12/26/20470.2%
New Jersey Turnpike Authority5.250% 12/24/20530.2%
Lower Colorado River Authority5.250% 05/07/20540.2%
Foothill-Eastern Transportation Corridor Agency4.000% 01/09/20460.2%
County Of Montgomery Oh4.000% 11/10/20420.2%
New York City Industrial Development Agency5.000% 06/29/20280.2%
New York City Transitional Finance Authority Futur4.000% 01/25/20510.2%
Chicago O'Hare International Airport5.000% 12/26/20460.2%
City Of Philadelphia Pa5.000% 07/28/20360.2%
Hudson Yards Infrastructure Corp4.000% 02/10/20440.2%
Golden State Tobacco Securitization Corp5.000% 05/25/20510.2%
Pennsylvania Turnpike Commission5.000% 05/30/20290.2%
Midland Independent School District4.000% 02/07/20540.2%
Tobacco Securitization Authority Of Southern Calif5.000% 05/25/20480.2%
County Of Warren Ky5.250% 03/24/20490.2%
City Of New York Ny5.250% 03/24/20540.2%
Port Of Seattle Industrial Development Corp5.000% 03/30/20300.2%
Delaware State Housing Authority6.000% 12/24/20540.2%
New Jersey Economic Development Authority5.625% 12/25/20510.2%
Public Finance Authority5.000% 09/23/20520.2%
County Of Cuyahoga Oh5.500% 02/08/20520.2%
Long Beach Bond Finance Authority5.267% 11/15/20270.2%
State Of Illinois5.500% 04/27/20390.2%
Foothill-Eastern Transportation Corridor Agency3.500% 01/06/20530.2%
Metropolitan Transportation Authority4.000% 11/07/20480.2%
State Of Florida Department Of Transportation Turn3.000% 06/24/20510.2%
Port Authority Of New York & New Jersey4.000% 07/05/20610.2%
Irvine Facilities Financing Authority5.250% 08/24/20530.2%
University Of Connecticut5.250% 11/09/20470.2%
Onondaga County Trust For Cultural Resources5.000% 11/26/20430.2%
City Of San Antonio Tx Airport System5.000% 07/01/20250.2%
New York City Transitional Finance Authority Futur5.500% 10/26/20450.2%
New York State Dormitory Authority5.000% 04/23/20520.2%
California Municipal Finance Authority4.000% 01/26/20510.2%
County Of Warren Ky5.250% 03/24/20540.2%
South Carolina Jobs-Economic Development Authority5.000% 11/25/20460.2%
Tender Option Bond Trust Receipts/Certificates5.836% 08/13/20330.2%
Washington & Multnomah Counties School District No5.000% 06/11/20360.2%
New Jersey Transportation Trust Fund Authority0.000% 12/12/20280.2%
Commonwealth Of Massachusetts5.000% 12/24/20530.2%
Oklahoma Turnpike Authority5.500% 12/23/20520.2%
County Of Sacramento Ca Airport System Revenue5.000% 06/26/20410.2%
Illinois Finance Authority5.250% 05/08/20480.2%
State Of California5.250% 09/24/20500.2%
Metropolitan Pier & Exposition Authority0.000% 12/13/20300.2%
Montgomery County Industrial Development Authority4.100% 03/23/20530.2%
City Of San Francisco Ca Public Utilities Commissi5.250% 10/23/20520.2%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/06/20580.2%
Black Belt Energy Gas District5.250% 01/23/20530.2%
Chicago Board Of Education Dedicated Capital Impro5.750% 03/26/20480.2%
New York State Dormitory Authority5.000% 07/08/20500.2%
Palomar Health5.000% 10/28/20390.2%
Parish Of St John The Baptist La2.100% 07/01/20240.2%
Pennsylvania Housing Finance Agency5.000% 09/24/20500.2%
Tender Option Bond Trust Receipts/Certificates6.290% 12/31/20290.2%
Chicago O'Hare International Airport5.000% 06/24/20480.2%
Ohio Air Quality Development Authority5.000% 06/24/20490.2%
Texas Water Development Board4.000% 10/11/20370.2%
City Of New York Ny5.000% 07/25/20510.2%
City Of St Louis Mo Airport Revenue5.000% 06/25/20470.2%
State Of California5.250% 07/29/20320.2%
New York State Dormitory Authority5.000% 04/27/20370.2%
New York State Thruway Authority5.250% 12/24/20550.2%
Parish Of St John The Baptist La4.050% 05/28/20370.2%
Wisconsin Health & Educational Facilities Authorit4.000% 11/09/20460.2%
New York Transportation Development Corp5.625% 03/28/20400.2%
Port Authority Of New York & New Jersey5.000% 11/23/20530.2%
State Of Connecticut Special Tax Revenue5.000% 12/27/20360.2%
City Of Colby Ks5.500% 06/30/20260.2%
Maryland Health & Higher Educational Facilities Au5.000% 07/01/20270.2%
University Of North Carolina At Wilmington5.000% 06/01/20250.2%
Washington State Convention Center Public Faciliti5.000% 06/24/20480.2%
City Of New York Ny5.250% 08/27/20430.2%
Indianapolis Local Public Improvement Bond Bank5.000% 05/30/20240.2%
New Jersey Health Care Facilities Financing Author4.000% 06/24/20480.2%
State Of Illinois4.000% 09/27/20390.2%
Black Belt Energy Gas District5.500% 10/24/20530.2%
New York State Urban Development Corp3.000% 03/09/20480.2%
Tender Option Bond Trust Receipts/Certificates5.020% 05/14/20300.2%
Virginia Small Business Financing Authority5.000% 06/27/20360.2%
City Of Los Angeles Department Of Airports5.500% 05/09/20470.2%
Montebello Unified School District5.500% 07/26/20470.2%
Tobacco Settlement Financing Corp/Va5.000% 05/26/20470.2%
Oregon State Facilities Authority5.000% 10/01/20250.2%
Port Authority Of New York & New Jersey5.000% 11/10/20410.2%
State Of Connecticut3.000% 01/12/20340.2%
California Municipal Finance Authority5.000% 01/26/20470.2%
California Statewide Communities Development Autho5.500% 11/23/20540.2%
City Of Tampa Fl4.000% 06/25/20450.2%
Metropolitan Nashville Airport Authority/The5.500% 06/23/20520.2%
New Jersey Transportation Trust Fund Authority5.250% 06/10/20410.2%
New York City Industrial Development Agency3.000% 12/26/20450.2%
Port Authority Of New York & New Jersey5.000% 07/12/20350.2%
City Of Philadelphia Pa Water & Wastewater Revenue5.250% 09/23/20520.2%
Port Of Portland Or Airport Revenue5.500% 06/24/20480.2%
State Of Illinois4.000% 10/28/20370.2%
California Health Facilities Financing Authority4.000% 11/09/20450.2%
City Of Los Angeles Department Of Airports5.000% 05/09/20450.2%
New Jersey Economic Development Authority5.250% 09/13/20290.2%
Louisiana Local Government Environmental Facilitie2.500% 03/29/20360.2%
State Of Illinois5.500% 09/27/20390.2%
Southwest Local School District/Hamilton County4.000% 01/08/20550.2%
Tender Option Bond Trust Receipts/Certificates6.323% 09/29/20330.2%
Isle Wight County Industrial Development Authority5.250% 06/23/20530.2%
Maryland State Transportation Authority Passenger3.000% 05/28/20360.2%
Metropolitan Pier & Exposition Authority4.000% 06/07/20520.2%
Ohio Air Quality Development Authority2.100% 10/01/20240.2%
Tennergy Corp/Tn5.500% 09/23/20530.2%
State Of Illinois5.000% 12/29/20340.1%
Tender Option Bond Trust Receipts/Certificates6.654% 05/31/20310.1%
Central Texas Turnpike System5.000% 08/10/20420.1%
City Of Chicago Il5.000% 12/31/20250.1%
Energy Southeast A Cooperative District5.250% 06/23/20540.1%
New Hampshire Business Finance Authority4.250% 07/15/20410.1%
New Jersey Economic Development Authority5.000% 06/09/20470.1%
New York Transportation Development Corp5.000% 11/27/20390.1%
Oregon Health & Science University4.000% 06/24/20510.1%
Kentucky Bond Development Corp4.000% 08/25/20480.1%
Metropolitan Government Nashville & Davidson Count5.250% 09/22/20580.1%
Black Belt Energy Gas District4.000% 06/23/20520.1%
Palm Beach County Health Facilities Authority4.000% 08/08/20490.1%
Illinois Finance Authority6.125% 05/30/20240.1%
Iowa Finance Authority4.750% 07/27/20420.1%
Metropolitan Transportation Authority4.000% 11/08/20490.1%
Metropolitan Transportation Authority4.000% 11/08/20500.1%
County Of Anne Arundel Md3.000% 09/25/20440.1%
Greater Orlando Aviation Authority4.000% 09/24/20490.1%
Metropolitan Pier & Exposition Authority0.000% 12/10/20360.1%
St Louis County Reorganized School District No R-63.350% 01/29/20370.1%
Central Texas Turnpike System5.000% 08/12/20330.1%
Montana Facility Finance Authority5.000% 06/24/20480.1%
New Jersey Economic Development Authority5.000% 10/25/20440.1%
State Of Illinois5.500% 02/24/20420.1%
City Of Atlanta Ga Department Of Aviation5.000% 06/24/20480.1%
School District Of Philadelphia/The4.000% 08/28/20390.1%
St Louis County Reorganized School District No R-63.400% 01/29/20380.1%
Texas Municipal Gas Acquisition & Supply Corp Iv5.500% 12/24/20530.1%
City Of Compton Ca Water Revenue6.000% 07/28/20390.1%
City Of Fort Lauderdale Fl Water & Sewer Revenue5.500% 08/24/20530.1%
Florida Housing Finance Corp6.250% 06/23/20550.1%
Jea Water & Sewer System Revenue5.500% 09/23/20540.1%
New York State Urban Development Corp3.000% 03/08/20500.1%
San Diego County Regional Airport Authority5.000% 06/23/20530.1%
Maryland Economic Development Corp6.000% 06/22/20580.1%
Chicago Board Of Education6.000% 11/24/20490.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/23/20530.1%
New Jersey Educational Facilities Authority4.000% 08/30/20290.1%
Berks County Municipal Authority/The5.000% 10/25/20440.1%
Port Authority Of New York & New Jersey5.000% 07/11/20380.1%
Texas Private Activity Bond Surface Transportation5.500% 12/22/20580.1%
City Of Minneapolis Mn5.000% 11/08/20490.1%
Fhlmc Multifamily Vrd Certificates4.600% 06/01/20240.1%
Southeast Energy Authority A Cooperative District5.500% 12/23/20520.1%
Black Belt Energy Gas District4.000% 09/23/20520.1%
California Municipal Finance Authority4.800% 10/27/20410.1%
County Of Cuyahoga Oh5.500% 02/05/20570.1%
Metropolitan Pier & Exposition Authority4.000% 06/09/20500.1%
Metropolitan Washington Airports Authority Aviatio4.000% 09/27/20390.1%
New Jersey Economic Development Authority5.000% 06/10/20410.1%
New Jersey Transportation Trust Fund Authority5.000% 06/08/20480.1%
Washington State Housing Finance Commission5.500% 06/22/20590.1%
City Of Rock Hill Sc Combined Utility System Reven5.000% 12/22/20630.1%
County Of Pasco Fl5.750% 08/24/20540.1%
New Jersey Transportation Trust Fund Authority5.000% 06/09/20450.1%
New York State Thruway Authority3.000% 03/07/20490.1%
Commonwealth Of Puerto Rico5.375% 06/30/20250.1%
Massachusetts Development Finance Agency5.000% 06/28/20350.1%
New Jersey Economic Development Authority5.000% 06/10/20420.1%
San Francisco Bay Area Rapid Transit District Sale3.000% 06/25/20440.1%
South Carolina Jobs-Economic Development Authority4.000% 04/01/20260.1%
Duluth Economic Development Authority5.250% 06/07/20520.1%
New York Transportation Development Corp4.000% 12/29/20350.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.329% 06/26/20400.1%
Tuscaloosa City Board Of Education5.000% 07/26/20460.1%
Metropolitan Nashville Airport Authority/The5.000% 06/24/20490.1%
Mission Economic Development Corp4.625% 09/29/20310.1%
New Hampshire Business Finance Authority4.375% 09/16/20360.1%
North Texas Tollway Authority5.000% 12/26/20470.1%
Ridley School District5.000% 05/13/20320.1%
California Infrastructure & Economic Development B3.250% 07/30/20290.1%
Grant County Public Hospital District No 15.125% 11/29/20330.1%
Indiana Finance Authority5.250% 01/30/20320.1%
Maryland Economic Development Corp5.000% 11/09/20280.1%
Miami-Dade County Educational Facilities Authority5.000% 03/23/20530.1%
Port Of Portland Or Airport Revenue5.000% 06/24/20490.1%
Tuscaloosa County Industrial Development Authority5.250% 04/25/20440.1%
City Of Chicago Il5.500% 12/27/20410.1%
Louisiana Stadium & Exposition District5.000% 06/24/20480.1%
New York State Dormitory Authority5.000% 06/26/20400.1%
State Of Hawaii Airports System Revenue5.000% 06/26/20410.1%
Tulsa Airports Improvement Trust5.500% 05/29/20350.1%
Canaveral Port Authority5.000% 05/31/20280.1%
Commonwealth Of Puerto Rico4.000% 06/27/20370.1%
Kentucky Municipal Power Agency5.000% 09/01/20260.1%
Kentucky Municipal Power Agency5.000% 09/01/20260.1%
Lee Memorial Health System4.000% 03/24/20490.1%
New Hampshire Business Finance Authority4.000% 11/30/20280.1%
Tsasc Inc/Ny5.000% 05/25/20480.1%
California Educational Facilities Authority5.000% 03/25/20450.1%
California Municipal Finance Authority5.000% 12/27/20380.1%
Chautauqua County Capital Resource Corp4.250% 04/02/20280.1%
City Of Farmington Nm3.900% 05/27/20400.1%
Iowa Finance Authority4.000% 11/24/20500.1%
King County Public Hospital District No 45.000% 11/27/20380.1%
New York City Municipal Water Finance Authority5.250% 06/09/20470.1%
New York Transportation Development Corp4.000% 06/30/20310.1%
Northern Indiana Commuter Transportation District5.000% 12/24/20530.1%
Tender Option Bond Trust Receipts/Certificates5.770% 06/29/20320.1%
Colorado Health Facilities Authority4.000% 11/10/20430.1%
Massachusetts Development Finance Agency5.000% 09/24/20480.1%
Massachusetts Educational Financing Authority4.125% 06/25/20460.1%
Ohio Air Quality Development Authority2.100% 10/01/20240.1%
Tobacco Settlement Financing Corp5.000% 05/30/20310.1%
University Of Illinois4.000% 03/31/20280.1%
Inland Valley Development Agency5.250% 08/28/20370.1%
Metropolitan Transportation Authority5.000% 11/08/20500.1%
Colorado Health Facilities Authority5.500% 10/26/20470.1%
Arkansas Development Finance Authority5.700% 04/23/20530.1%
City Of Baltimore Md5.000% 06/27/20390.1%
New York State Urban Development Corp3.000% 03/07/20490.1%
San Diego County Regional Airport Authority5.000% 06/25/20440.1%
City Of Los Angeles Department Of Airports4.000% 05/08/20490.1%
Rhode Island Health And Educational Building Corp5.250% 05/07/20540.1%
State Of Illinois5.000% 04/27/20380.1%
California Statewide Communities Development Autho5.250% 11/26/20430.1%
Canaveral Port Authority5.000% 05/31/20280.1%
Colorado Bridge & Tunnel Enterprise5.500% 11/23/20540.1%
New Jersey Economic Development Authority5.000% 06/10/20430.1%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit4.000% 06/26/20420.1%
Chicago Board Of Education4.000% 11/26/20410.1%
City Of Whiting In3.000% 10/25/20510.1%
Florida Development Finance Corp6.125% 06/28/20320.1%
Forney Independent School District3.000% 02/10/20450.1%
Main Street Natural Gas Inc5.000% 05/14/20270.1%
Vermont Educational & Health Buildings Financing A5.000% 11/28/20350.1%
Virginia Small Business Financing Authority4.000% 12/28/20390.1%
Central Texas Regional Mobility Authority5.000% 12/25/20440.1%
City Of Charlotte Nc Airport Revenue5.250% 06/23/20530.1%
Indiana Finance Authority5.375% 05/21/20640.1%
Massachusetts Development Finance Agency4.000% 06/25/20440.1%
City Of Philadelphia Pa Airport Revenue5.000% 06/26/20420.1%
New Hampshire Business Finance Authority4.875% 10/27/20420.1%
Foothill-Eastern Transportation Corridor Agency3.950% 01/06/20530.1%
Metropolitan Pier & Exposition Authority5.500% 06/07/20530.1%
Metropolitan Pier & Exposition Authority5.000% 06/08/20500.1%
New Jersey Transportation Trust Fund Authority5.000% 12/12/20350.1%
Niagara Area Development Corp4.750% 10/27/20420.1%
Tobacco Settlement Financing Corp5.250% 05/26/20460.1%
Vermont Educational & Health Buildings Financing A4.000% 10/25/20500.1%
Chicago Board Of Education5.000% 11/25/20470.1%
Chicago Board Of Education Dedicated Capital Impro6.100% 03/29/20360.1%
Metropolitan Transportation Authority5.000% 11/12/20350.1%
Northern Indiana Commuter Transportation District5.250% 12/24/20480.1%
State Of Connecticut Special Tax Revenue5.000% 12/28/20370.1%
County Of Miami-Dade Fl Aviation Revenue5.000% 09/29/20280.1%
New York State Dormitory Authority4.000% 07/28/20380.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/23/20530.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/24/20480.1%
Metropolitan Transportation Authority4.000% 11/09/20450.1%
Port Authority Of New York & New Jersey5.000% 07/11/20360.1%
County Of Luzerne Pa5.000% 11/13/20290.1%
Eagle County Airport Terminal Corp5.000% 05/01/20270.1%
Commonwealth Of Pennsylvania4.000% 02/24/20370.1%
New York City Municipal Water Finance Authority3.500% 06/08/20480.1%
Michigan State Hospital Finance Authority5.000% 11/09/20470.1%
Port Authority Of New York & New Jersey5.500% 07/24/20520.1%
San Diego County Regional Airport Authority4.000% 06/25/20460.1%
Black Belt Energy Gas District4.000% 11/24/20490.1%
Chicago Board Of Education5.875% 11/25/20470.1%
Clifton Higher Education Finance Corp6.000% 08/11/20380.1%
Colorado Bridge & Tunnel Enterprise5.250% 11/24/20490.1%
Hoover Industrial Development Board5.750% 09/24/20490.1%
New York Transportation Development Corp4.000% 12/25/20500.1%
New York Transportation Development Corp5.000% 12/30/20290.1%
San Francisco City & County Airport Comm-San Franc5.250% 04/26/20420.1%
Build Nyc Resource Corp5.250% 06/23/20520.1%
Genesee County Funding Corp/The5.250% 11/22/20520.1%
Main Street Natural Gas Inc4.000% 02/22/20500.1%
Cmfa Special Finance Agency4.000% 11/25/20450.1%
New York State Dormitory Authority3.000% 03/10/20420.1%
Casino Reinvestment Development Authority Inc5.250% 10/25/20440.1%
Greenville Health System5.000% 04/28/20340.1%
Montana Facility Finance Authority5.000% 06/26/20430.1%
Omaha Public Power District Nebraska City Station5.250% 01/27/20420.1%
Washington Health Care Facilities Authority5.000% 07/01/20240.1%
Black Belt Energy Gas District5.250% 04/23/20550.1%
City Of Seneca Ks5.000% 06/01/20250.1%
Clifton Higher Education Finance Corp3.000% 08/09/20510.1%
E-470 Public Highway Authority0.000% 08/28/20370.1%
New York State Dormitory Authority4.000% 06/25/20470.1%
Connecticut State Health & Educational Facilities3.500% 05/01/20240.1%
New Jersey Economic Development Authority3.750% 10/29/20340.1%
City Of Waltham Ma2.000% 10/13/20350.1%
City Of Waltham Ma2.000% 10/12/20360.1%
Main Street Natural Gas Inc5.000% 05/11/20380.1%
Massachusetts Development Finance Agency5.000% 06/28/20320.1%
Michigan Finance Authority5.000% 05/25/20490.1%
Salt Verde Financial Corp5.250% 11/30/20270.1%
Union County Utilities Authority4.750% 11/29/20310.1%
County Of Cook Il Sales Tax Revenue4.000% 11/12/20340.1%
New York State Dormitory Authority3.000% 06/25/20450.1%
South Broward Hospital District3.000% 04/25/20510.1%
State Of California5.000% 07/28/20380.1%
New York State Dormitory Authority3.000% 03/08/20500.1%
New York State Dormitory Authority5.000% 07/10/20420.1%
Skagit County Public Hospital District No 15.500% 11/29/20330.1%
Alameda Corridor Transportation Authority5.000% 10/01/20260.1%
New Jersey Transportation Trust Fund Authority5.000% 12/10/20360.1%
New York Liberty Development Corp3.125% 09/08/20500.1%
Cumberland County Municipal Authority3.000% 10/28/20380.1%
Maricopa County Pollution Control Corp3.600% 03/28/20400.1%
West Pace Cooperative District0.000% 04/27/20390.1%
Central Texas Turnpike System5.000% 08/11/20370.1%
Jefferson County Port Authority/Oh5.000% 11/23/20530.1%
New York State Urban Development Corp3.000% 03/07/20490.1%
State Of Connecticut Special Tax Revenue5.000% 07/29/20340.1%
Tender Option Bond Trust Receipts/Certificates6.055% 05/14/20300.1%
City Of New York Ny3.000% 02/23/20510.1%
Iowa Higher Education Loan Authority5.000% 09/30/20300.1%
Michigan Finance Authority4.000% 05/25/20490.1%
State Of Illinois5.000% 12/26/20400.1%
West Virginia Hospital Finance Authority6.000% 08/24/20530.1%
Montgomery County Higher Education And Health Auth4.000% 08/25/20490.1%
Parish Of St James La6.350% 06/26/20400.1%
Parish Of St James La6.100% 11/25/20400.1%
Arkansas Development Finance Authority5.450% 08/24/20520.1%
City Of Chicago Il Waterworks Revenue5.000% 10/28/20390.1%
Foothill-Eastern Transportation Corridor Agency0.000% 01/11/20330.1%
Illinois Sports Facilities Authority/The5.000% 06/14/20270.1%
Port Authority Of New York & New Jersey5.000% 07/11/20370.1%
Port Beaumont Navigation District3.000% 12/25/20490.1%
Tobacco Settlement Financing Corp5.000% 05/26/20460.1%
California Statewide Communities Development Autho5.500% 11/22/20580.1%
Chandler Industrial Development Authority4.100% 11/27/20370.1%
City Of New York Ny3.900% 05/01/20240.1%
Illinois Finance Authority4.000% 08/28/20390.1%
New Jersey Economic Development Authority6.000% 05/30/20240.1%
Pennsylvania Turnpike Commission4.000% 11/27/20380.1%
Central Plains Energy Project5.000% 08/27/20420.1%
City Of Philadelphia Pa Water & Wastewater Revenue5.000% 06/29/20300.1%
Louisville/Jefferson County Metropolitan Governmen5.000% 09/26/20410.1%
New York Transportation Development Corp5.000% 11/26/20420.1%
Casino Reinvestment Development Authority Inc5.250% 10/28/20390.1%
City Of Philadelphia Pa5.000% 07/28/20370.1%
Maryland Health & Higher Educational Facilities Au5.000% 12/30/20310.1%
Massachusetts Port Authority5.000% 06/25/20450.1%
Parish Of St James La6.100% 05/28/20380.1%
Washington State Convention Center Public Faciliti4.000% 06/25/20480.1%
Main Street Natural Gas Inc5.000% 05/10/20430.1%
Michigan Finance Authority5.500% 02/20/20490.1%
Nebraska Educational Health Cultural & Social Serv4.000% 12/27/20430.1%
City Of Chicago Il5.500% 12/27/20360.1%
County Of Osceola Fl Transportation Revenue4.000% 09/23/20540.1%
Cscda Community Improvement Authority3.125% 07/23/20560.1%
Isle Wight County Industrial Development Authority5.250% 06/24/20480.1%
Pennsylvania Economic Development Financing Author4.000% 05/08/20480.1%
Tuscaloosa County Industrial Development Authority4.500% 04/29/20320.1%
City Of Chicago Il Waterworks Revenue5.000% 10/27/20360.1%
Main Street Natural Gas Inc5.000% 05/11/20370.1%
Massachusetts Development Finance Agency5.000% 06/27/20390.1%
New York Transportation Development Corp5.375% 07/28/20360.1%
City Of New York Ny3.900% 05/01/20240.1%
Phenix City Industrial Development Board3.625% 05/14/20300.1%
Pittsburgh Water & Sewer Authority5.000% 08/25/20480.1%
Colorado Health Facilities Authority5.000% 07/26/20440.1%
Minneapolis-St Paul Metropolitan Airports Commissi5.000% 12/26/20460.1%
New Jersey Transportation Trust Fund Authority5.000% 06/13/20300.1%
New York State Dormitory Authority5.000% 07/30/20280.1%
New York State Dormitory Authority4.000% 06/23/20520.1%
Allegheny County Hospital Development Authority4.000% 03/27/20370.1%
Allentown Neighborhood Improvement Zone Developmen5.250% 04/26/20420.1%
California Health Facilities Financing Authority5.000% 08/09/20470.1%
E-470 Public Highway Authority0.000% 08/29/20320.1%
Main Street Natural Gas Inc5.000% 05/13/20290.1%
New York Transportation Development Corp5.000% 12/29/20280.1%
Town Of Davie Fl5.000% 03/26/20480.1%
West Virginia Economic Development Authority4.700% 06/17/20260.1%
City Of New York Ny5.500% 04/25/20460.1%
Hospitals & Higher Education Facilities Authority5.000% 06/28/20330.1%
Lower Colorado River Authority5.000% 05/10/20400.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue5.000% 06/22/20580.1%
Commonwealth Of Puerto Rico0.000% 10/25/20510.1%
Los Angeles Department Of Water & Power Water Syst3.900% 05/01/20240.1%
New York State Thruway Authority3.000% 03/08/20510.1%
Wayne County Airport Authority5.000% 11/25/20460.1%
Columbia County Hospital Authority/Ga5.750% 03/23/20530.1%
Duluth Economic Development Authority5.250% 02/06/20530.1%
Iowa Higher Education Loan Authority5.000% 09/30/20300.1%
Metropolitan Transportation Authority5.000% 11/09/20450.1%
Knox County Health Educational & Housing Facility5.250% 06/24/20490.1%
Love Field Airport Modernization Corp5.000% 10/29/20280.1%
New York State Environmental Facilities Corp3.125% 06/01/20260.1%
New York State Urban Development Corp3.000% 03/09/20470.1%
Public Finance Authority6.500% 11/27/20370.1%
Southern California Public Power Authority3.039% 10/29/20380.1%
Westchester County Local Development Corp5.000% 10/25/20510.1%
Antelope Valley Healthcare District5.000% 02/23/20410.1%
Ohio Higher Educational Facility Commission5.250% 09/23/20530.1%
State Of Illinois5.750% 04/25/20450.1%
California Pollution Control Financing Authority5.000% 12/31/20280.1%
Iowa Higher Education Loan Authority5.000% 09/30/20300.1%
Maryland Economic Development Corp5.250% 06/22/20520.1%
Massachusetts Development Finance Agency5.250% 06/24/20480.1%
Parish Of St James La6.350% 09/26/20400.1%
Washington State Housing Finance Commission6.125% 06/30/20300.1%
Camden County Improvement Authority/The6.000% 06/05/20620.1%
Niagara Frontier Transportation Authority5.000% 05/30/20240.1%
Triborough Bridge & Tunnel Authority Sales Tax Rev5.250% 05/06/20570.1%
West Virginia Economic Development Authority3.000% 06/18/20270.1%
Berks County Industrial Development Authority5.000% 10/27/20360.1%
Berks County Industrial Development Authority4.000% 10/28/20380.1%
City Of Salt Lake City Ut Airport Revenue5.500% 06/23/20530.1%
River Islands Public Financing Authority5.250% 08/24/20520.1%
Williamsburg Economic Development Authority5.250% 06/23/20530.1%
Chicago Board Of Education Dedicated Capital Impro5.000% 03/30/20330.1%
City Of Chicago Il Waterworks Revenue5.000% 10/28/20370.1%
Illinois Finance Authority4.000% 08/28/20370.1%
Maricopa County Pollution Control Corp3.600% 01/28/20400.1%
Tobacco Securitization Authority Of Northern Calif4.000% 05/25/20490.1%
California Pollution Control Financing Authority4.300% 06/26/20400.1%
Chicago O'Hare International Airport5.000% 12/23/20520.1%
Maryland Economic Development Corp5.250% 06/24/20470.1%
New York State Dormitory Authority5.000% 03/09/20460.1%
New York State Thruway Authority4.000% 12/26/20500.1%
Chesapeake Economic Development Authority3.650% 01/30/20320.1%
City Of Chicago Il5.500% 12/28/20390.1%
City Of Houston Tx Airport System Revenue6.625% 07/11/20380.1%
County Of Miami-Dade Fl Aviation Revenue5.000% 09/29/20290.1%
County Of Washoe Nv4.125% 02/27/20360.1%
New Hampshire Business Finance Authority6.250% 12/12/20380.1%
New York City Housing Development Corp2.400% 10/26/20460.1%
Niagara Area Development Corp3.500% 11/01/20240.1%
Washington State Housing Finance Commission5.000% 06/23/20540.1%
Wilkes-Barre Area School District/Pa5.000% 04/06/20590.1%
California Municipal Finance Authority5.000% 12/26/20430.1%
County Of Muskingum Oh5.000% 02/10/20440.1%
New Hampshire Business Finance Authority5.625% 12/13/20330.1%
New Jersey Transportation Trust Fund Authority5.000% 06/13/20310.1%
New York State Dormitory Authority5.500% 07/01/20240.1%
Chicago Board Of Education4.000% 11/25/20400.1%
City Of Chicago Il5.500% 01/01/20250.1%
State Of Ohio4.000% 11/11/20390.1%
Antelope Valley Healthcare District5.000% 02/23/20460.1%
Municipal Electric Authority Of Georgia5.000% 06/23/20530.1%
Public Finance Authority5.500% 06/29/20330.1%
City Of Chicago Il5.500% 12/28/20380.1%
California Pollution Control Financing Authority5.000% 12/31/20280.1%
Industrial Development Authority Of The City Of St4.750% 11/09/20470.1%
Maryland Health & Higher Educational Facilities Au5.000% 06/27/20380.1%
New York Transportation Development Corp5.000% 12/29/20350.1%
West Virginia Hospital Finance Authority6.000% 08/25/20480.1%
California Educational Facilities Authority5.500% 09/23/20530.1%
New Jersey Educational Facilities Authority5.250% 08/24/20530.1%
State Of Illinois5.000% 11/28/20350.1%
City Of Valparaiso In5.000% 12/24/20530.1%
Metropolitan Government Nashville & Davidson Count5.250% 06/24/20480.1%
New Jersey Transportation Trust Fund Authority5.500% 06/08/20500.1%
New Jersey Transportation Trust Fund Authority5.250% 06/10/20420.1%
Washington State Housing Finance Commission6.375% 06/30/20310.1%
Washington Township Health Care District5.500% 07/24/20530.1%
Chicago Board Of Education5.000% 11/29/20300.1%
Maryland Economic Development Corp5.750% 06/23/20530.1%
Public Finance Authority5.250% 09/27/20380.1%
Chicago O'Hare International Airport5.250% 12/26/20400.1%
District Of Columbia5.000% 06/01/20260.1%
Greater Asheville Regional Airport Authority5.250% 06/23/20530.1%
Knox County Health Educational & Housing Facility5.500% 06/22/20590.1%
Berks County Municipal Authority/The5.000% 02/01/20250.0%
California School Finance Authority5.000% 07/01/20270.0%
Chicago Board Of Education5.000% 11/29/20290.0%
City Of Fresno Ca Airport Revenue5.000% 06/23/20530.0%
City Of Valparaiso In7.000% 05/09/20240.0%
Florida Higher Educational Facilities Financial Au5.000% 04/01/20260.0%
Massachusetts Development Finance Agency5.000% 06/29/20310.0%
New York Transportation Development Corp4.000% 06/25/20460.0%
Philadelphia Gas Works Co5.000% 07/30/20290.0%
State Of Alabama Docks Department5.000% 09/28/20340.0%
State Of Alabama Docks Department5.000% 09/28/20350.0%
Chicago Board Of Education5.000% 11/25/20460.0%
City Of Miami Beach Fl Parking Revenue5.000% 09/01/20250.0%
Lower Alabama Gas District/The4.000% 11/24/20500.0%
Michigan Finance Authority5.000% 06/28/20340.0%
New York State Dormitory Authority5.250% 06/23/20540.0%
Port Of Portland Or Airport Revenue5.000% 06/27/20390.0%
Selma Industrial Development Board2.000% 10/01/20240.0%
Westchester County Local Development Corp5.750% 10/24/20480.0%
M-S-R Energy Authority6.125% 10/30/20290.0%
Municipal Electric Authority Of Georgia5.000% 01/01/20250.0%
Allentown Neighborhood Improvement Zone Developmen5.000% 04/28/20320.0%
Lower Colorado River Authority6.000% 05/07/20520.0%
New Jersey Transportation Trust Fund Authority0.000% 12/11/20370.0%
Rhode Island Health And Educational Building Corp5.250% 05/08/20490.0%
Tobacco Settlement Financing Corp/La5.250% 05/12/20350.0%
City Of Chicago Il Waterworks Revenue5.000% 10/27/20360.0%
Massachusetts Development Finance Agency4.000% 06/28/20350.0%
New York State Dormitory Authority3.000% 03/07/20490.0%
California Statewide Communities Development Autho5.250% 05/20/20240.0%
Illinois Finance Authority5.000% 08/27/20400.0%
Municipal Electric Authority Of Georgia5.000% 06/24/20480.0%
Board Of Managers Joint Guadalupe County-City Of S5.000% 11/25/20450.0%
Chicago O'Hare International Airport5.250% 12/27/20420.0%
Iowa Higher Education Loan Authority5.000% 09/30/20300.0%
Chicago Board Of Education5.000% 11/24/20440.0%
Indiana Finance Authority5.125% 05/23/20580.0%
Maryland Economic Development Corp4.000% 08/27/20400.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/28/20330.0%
State Of Connecticut5.000% 04/11/20390.0%
Triborough Bridge & Tunnel Authority5.000% 11/10/20420.0%
Vermont Student Assistance Corp3.375% 06/12/20360.0%
Capital Projects Finance Authority/Fl5.000% 10/25/20530.0%
Capital Projects Finance Authority/Fl5.000% 10/24/20580.0%
Wayne County Airport Authority5.000% 11/27/20390.0%
Massachusetts Development Finance Agency5.000% 06/28/20340.0%
California School Finance Authority5.000% 07/26/20480.0%
Indiana Finance Authority4.125% 11/30/20260.0%
Nassau County Local Economic Assistance Corp5.000% 07/01/20240.0%
New Jersey Economic Development Authority6.500% 03/31/20280.0%
San Joaquin Hills Transportation Corridor Agency5.250% 01/07/20490.0%
Adelanto Public Utility Authority5.000% 07/01/20270.0%
Chicago O'Hare International Airport5.250% 12/27/20410.0%
Massachusetts Development Finance Agency5.000% 06/25/20440.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/29/20310.0%
Main Street Natural Gas Inc5.000% 05/08/20490.0%
Massachusetts Port Authority5.000% 06/26/20400.0%
Philadelphia Gas Works Co5.000% 07/30/20300.0%
California School Finance Authority5.000% 07/27/20450.0%
Florida Higher Educational Facilities Financial Au5.000% 03/28/20330.0%
Rancho Cucamonga Redevelopment Agency Successor Ag5.000% 08/30/20300.0%
California Municipal Finance Authority5.000% 06/01/20250.0%
Michigan Finance Authority5.500% 02/18/20570.0%
New Jersey Transportation Trust Fund Authority0.000% 12/13/20310.0%
Tsasc Inc/Ny5.000% 05/29/20350.0%
Washington State Housing Finance Commission5.500% 06/25/20440.0%
Westchester County Local Development Corp6.250% 10/23/20520.0%
New York State Dormitory Authority4.000% 07/28/20360.0%
Public Finance Authority5.000% 11/30/20270.0%
Rancho Cucamonga Redevelopment Agency Successor Ag5.000% 08/30/20310.0%
Territory Of Guam4.000% 12/27/20410.0%
Toledo-Lucas County Port Authority5.000% 06/28/20390.0%
Capital Projects Finance Authority/Fl5.000% 10/26/20480.0%
Compton Community Redevelopment Agency Successor A5.000% 07/27/20420.0%
Indiana Finance Authority5.000% 05/24/20530.0%
Maryland Health & Higher Educational Facilities Au5.000% 06/27/20360.0%
New Jersey Economic Development Authority5.000% 06/11/20360.0%
New York State Dormitory Authority5.250% 06/24/20490.0%
Texas Private Activity Bond Surface Transportation4.000% 12/27/20380.0%
Chicago Board Of Education7.000% 11/25/20460.0%
Chicago Board Of Education5.000% 11/27/20320.0%
Greater Asheville Regional Airport Authority5.250% 06/24/20480.0%
Massachusetts Development Finance Agency5.000% 06/28/20330.0%
Transbay Joint Powers Authority5.000% 09/24/20490.0%
New York State Dormitory Authority5.000% 11/29/20310.0%
Gramercy Farms Community Development District0.000% 10/31/20290.0%
Grand River Hospital District5.250% 11/27/20370.0%
Knox County Health Educational & Housing Facility5.500% 06/23/20540.0%
New York State Dormitory Authority5.000% 11/25/20400.0%
Niagara Area Development Corp5.000% 06/23/20520.0%
Wayne County Airport Authority5.000% 11/26/20420.0%
City Of Rock Hill Sc Combined Utility System Reven5.000% 12/24/20530.0%
Nassau County Tobacco Settlement Corp0.000% 05/22/20600.0%
North Carolina Turnpike Authority5.000% 12/27/20420.0%
School District Of Philadelphia/The5.000% 08/28/20370.0%
Chicago Board Of Education6.500% 11/25/20460.0%
Crawford County Hospital Authority6.000% 05/25/20510.0%
Municipal Electric Authority Of Georgia5.000% 06/24/20480.0%
Nassau County Local Economic Assistance Corp5.000% 07/01/20240.0%
County Of Cook Il5.000% 11/13/20300.0%
Grand River Hospital District5.250% 11/30/20280.0%
Grand River Hospital District5.250% 11/30/20280.0%
State Of Connecticut5.000% 06/11/20380.0%
Washington State Housing Finance Commission5.500% 06/24/20490.0%
Capital Projects Finance Authority/Fl5.000% 10/30/20330.0%
Capital Projects Finance Authority/Fl5.000% 10/30/20330.0%
Chicago Board Of Education5.000% 11/29/20310.0%
Chicago Midway International Airport4.000% 12/29/20330.0%
City Of Valparaiso In4.875% 12/27/20430.0%
Clifton Higher Education Finance Corp6.000% 05/30/20240.0%
County Of Cook Il5.000% 11/12/20350.0%
County Of Osceola Fl Transportation Revenue5.000% 09/30/20290.0%
Dutchess County Local Development Corp5.000% 06/25/20450.0%
Eagle County Airport Terminal Corp5.000% 05/01/20270.0%
Hospitals & Higher Education Facilities Authority5.000% 06/28/20320.0%
Industrial Development Authority Of The City Of Ph5.000% 06/27/20370.0%
Nassau County Local Economic Assistance Corp5.000% 07/01/20240.0%
New York State Environmental Facilities Corp5.125% 08/25/20500.0%
North Carolina Turnpike Authority4.000% 12/28/20370.0%
Paducah Electric Plant Board5.000% 09/28/20350.0%
Parish Of St James La5.850% 07/27/20410.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/29/20290.0%
School District Of Philadelphia/The5.000% 08/28/20380.0%
Commonwealth Of Puerto Rico0.000% 10/27/20430.0%
Crawford County Hospital Authority6.000% 05/26/20460.0%
State Of Connecticut4.000% 06/11/20370.0%
Toledo-Lucas County Port Authority5.000% 06/29/20340.0%
Capital Trust Agency Inc5.000% 12/09/20490.0%
Capital Trust Agency Inc5.000% 12/08/20540.0%
Metropolitan Pier & Exposition Authority5.000% 12/15/20250.0%
New York Transportation Development Corp5.250% 07/30/20310.0%
Public Finance Authority5.250% 09/26/20430.0%
Toledo-Lucas County Port Authority5.000% 06/26/20460.0%
Virginia Small Business Financing Authority5.000% 12/26/20470.0%
Wisconsin Health & Educational Facilities Authorit5.375% 01/26/20480.0%
Denver Health & Hospital Authority5.250% 11/25/20450.0%
Michigan Finance Authority5.000% 08/26/20500.0%
California Municipal Finance Authority5.250% 08/15/20240.0%
California Educational Facilities Authority5.250% 09/25/20440.0%
Nassau County Local Economic Assistance Corp5.000% 07/01/20240.0%
City Of Sparks Nv2.750% 06/14/20280.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev0.000% 06/24/20510.0%
Casitas Municipal Water District5.250% 09/01/20270.0%
City Of Irvine Ca5.000% 08/26/20440.0%
Irvine Unified School District5.000% 09/01/20270.0%
Michigan Finance Authority4.800% 08/28/20400.0%
Berks County Municipal Authority/The5.000% 01/28/20400.0%
Michigan Finance Authority4.300% 08/31/20300.0%
Public Finance Authority0.000% 09/25/20470.0%
Stone Canyon Community Improvement District0.000% 03/31/20270.0%
Westchester County Healthcare Corp/Ny6.000% 05/30/20240.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev4.536% 06/23/20530.0%
Westchester County Healthcare Corp/Ny6.125% 05/30/20240.0%
Gramercy Farms Community Development District0.000% 04/27/20390.0%
USM4 - Futures0.000% -0.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 06/26/2024
$0.15526
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2024 $0.03078 $10.33
Daily Daily 04/30/2024 $0.03143 $10.33
Daily Daily 03/31/2024 $0.03035 $10.49
Daily Daily 02/29/2024 $0.03219 $10.51
Daily Daily 01/31/2024 $0.03052 $10.51

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 06/30/2024
Daily Daily 07/31/2024
Daily Daily 08/31/2024
Daily Daily 09/30/2024
Daily Daily 10/31/2024
Daily Daily 11/30/2024
Daily Daily 12/31/2024

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 06/26/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $10.71
$100,000 to $249,999 1.75% 1.50% $10.66
Greater than $250,000 0.00% 1.00% $10.47

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) prior to 12/1/2021 will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls. However, effective 12/1/2021, 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. Prior to 12/1/2021 purchases between $250,000 - $499,999 were subject to a front-end sales charge.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 05/31/2024

Fund Gross Expense Ratio Fund Net Expense Ratio
0.77% 0.70%

Expense ratio details, Click here.

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
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

2

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

3

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

A Note about Risk: The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likley to decline, and when interest rates fall, the prices of debt securities tend to rise. High-yielding non-investment grade bonds involve higher risk than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on those securities. A portion of the income derived from the Fund's portfolio may be subject to the alternative minimum tax. Any capital gains realized may be subject to taxation. Federal, state, and local taxes may apply. There is a risk that a bond issued as tax-exempt may be reclassified by the IRS as taxable, creating taxable rather than tax-exempt income. In addition, the Fund is subject to other types of risks, such as call, credit, liquidity, interest rate, and general market risks. The Fund may invest in bonds of issuers in Puerto Rico and other U.S. territories, comonwealths, and possessions, and may be affected by local, state, and regional factors. These may include, for example, economic or political developments, erosion of the tax base, and the possibility of credit problems. Stockholders should consult with their tax advisor for more specific information on taxation.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, effective 12/1/2021, 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. Fund shares purchased without a sales charge prior to 12/1/2021 may be assessed a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The Bloomberg Municipal Bond Index a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market.  Bonds must be rated investment-grade (Baa3/BBB- or higher) by at least two ratings agencies.  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.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

The net expense ratio takes into account deductions for certain interest and related expenses from certain of the Fund's investments. Under accounting rules, the Fund recognized additional income in an amount that directly offsets these interest and related expenses. Therefore, the Fund's total returns and net asset value were not affected by such interest and related expenses.

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

Select funds to run a Morningstar Hypothetical Report.

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