Short Duration High Income Municipal Bond Fund
Effective November 1, 2021 the Lord Abbett Short Duration High Yield Municipal Bond Fund changed its name to Lord Abbett Short Duration High Income Municipal Bond Fund. There was no change to the Fund’s investment strategy.
Daily price w/o sales charge as of 07/26/2024
$14.24
$0.00
YTD Returns w/o sales charge as of 07/26/2024
3.30%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.68% | 3.66% |
Average Yield to Worst as of 06/28/2024 |
5.14% |
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 06/28/2024
- Total Net Assets
- $1.34 B
- Inception Date
- 06/15/2015
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.71%
- Fund Net Expense Ratio
- 0.65%
- Number of Holdings
- 370
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 2.72% | 4.68% | -0.85% | 1.12% | - | 2.18% |
Lipper Category Avg. High Yield Municipal Debt Funds | 3.37% | 6.90% | -1.22% | 1.50% | - | - |
w/ sales charge | 0.44% | 2.36% | -1.60% | 0.66% | - | 1.92% |
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 2.72% | 4.68% | -0.85% | 1.12% | - | 2.18% |
Lipper Category Avg. High Yield Municipal Debt Funds | 3.37% | 6.90% | -1.22% | 1.50% | - | - |
w/ sales charge | 0.44% | 2.36% | -1.60% | 0.66% | - | 1.92% |
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
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 | |
Healthcare/Hospital | |
Special Tax | |
Transportation | |
Education | |
GO Local | |
Other | |
GO State | |
VRDN | |
Housing | |
Lease | |
Water & Sewer | |
Power | |
Pre-Refunded |
The Fund's portfolio is actively managed and is subject to change.
Maturity | Assets |
---|---|
<1 Year | |
1-5 Years | |
5-10 Years | |
10-15 Years | |
15-20 Years | |
20-25 Years | |
25-30 Years | |
>30 Years |
The Fund's portfolio is actively managed and is subject to change.
CREDIT QUALITY DISTRIBUTION as of 06/28/2024
Rating | Assets |
---|---|
A-3/MIG3 | |
AAA | |
AA | |
A | |
BBB | |
BB | |
B | |
< B | |
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.
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Performance
Performance
Average Yield to Worst as of 06/28/2024
30-Day Standardized Yield 1 as of 06/30/2024
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 3.68% | 3.66% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 2.72% | 4.68% | -0.85% | 1.12% | - | 2.18% |
Lipper Category Avg. High Yield Municipal Debt Funds | 3.37% | 6.90% | -1.22% | 1.50% | - | - |
w/ sales charge | 0.44% | 2.36% | -1.60% | 0.66% | - | 1.92% |
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/15/2015 |
---|
w/o sales charge | 2.72% | 4.68% | -0.85% | 1.12% | - | 2.18% |
Lipper Category Avg. High Yield Municipal Debt Funds | 3.37% | 6.90% | -1.22% | 1.50% | - | - |
w/ sales charge | 0.44% | 2.36% | -1.60% | 0.66% | - | 1.92% |
Fund Expense Ratio :
Gross 0.71%
Net 0.65%
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 |
---|
2023 | 4.19% |
2022 | -9.29% |
2021 | 4.08% |
2020 | 2.15% |
2019 | 7.05% |
2018 | 2.10% |
2017 | 5.30% |
2016 | -0.20% |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | 1.56% | 1.14% | - | - |
2023 | 1.67% | 0.56% | -1.34% | 3.29% |
2022 | -6.04% | -3.61% | -2.17% | 2.37% |
2021 | 1.47% | 2.16% | -0.20% | 0.61% |
2020 | -5.59% | 3.04% | 1.77% | 3.18% |
2019 | 2.48% | 1.98% | 1.54% | 0.88% |
2018 | 0.41% | 0.81% | 0.42% | 0.45% |
2017 | 2.06% | 1.75% | 1.45% | -0.05% |
2016 | 1.41% | 1.90% | 0.69% | -4.08% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 06/30/2024
The chart begins on the Fund's inception date of 06/15/2015.
Based on a hypothetical Class A share investment of $10,000 on 06/15/2015 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Sector | Assets |
---|---|
IDR/PCR | |
Healthcare/Hospital | |
Special Tax | |
Transportation | |
Education | |
GO Local | |
Other | |
GO State | |
VRDN | |
Housing | |
Lease | |
Water & Sewer | |
Power | |
Pre-Refunded |
The Fund's portfolio is actively managed and is subject to change.
Maturity | Assets |
---|---|
<1 Year | |
1-5 Years | |
5-10 Years | |
10-15 Years | |
15-20 Years | |
20-25 Years | |
25-30 Years | |
>30 Years |
The Fund's portfolio is actively managed and is subject to change.
State | Assets |
---|---|
NY | |
IL | |
CA | |
TX | |
FL | |
PA | |
WI | |
AL | |
Puerto Rico | |
OH | |
IA | |
MD | |
GA | |
WA | |
NJ | |
CO | |
OK | |
NH | |
AZ | |
LA | |
AR | |
RI | |
VA | |
MO | |
NV | |
Other U.S. Territories | |
TN | |
CT | |
SC | |
UT | |
IN | |
MA | |
KY | |
KS | |
VT | |
MN | |
NE | |
ID | |
DE | |
MI | |
MS | |
WV | |
DC | |
AS | |
NC |
The Fund's portfolio is actively managed and is subject to change.
CREDIT QUALITY DISTRIBUTION as of 06/28/2024
Rating | Assets |
---|---|
A-3/MIG3 | |
AAA | |
AA | |
A | |
BBB | |
BB | |
B | |
< B | |
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.
Portfolio Details as of 06/28/2024
- Total Net Assets
- $1.34 B
- Average Effective Duration
- 3.25 Years
- Average Effective Maturity
- 7.5 Years
- Number of Issues
- 370
- Average Yield to Worst
- 5.14%
To view definitions for the above Portfolio Details, Click here.
Average 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 |
---|
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.500% | 06/26/2034 | 1.5% |
Mission Economic Development Corp | 4.625% | 09/27/2031 | 1.4% |
Main Street Natural Gas Inc | 4.000% | 11/01/2027 | 1.3% |
Montgomery County Higher Education And Health Auth | 4.700% | 07/05/2024 | 1.2% |
Southeast Alabama Gas Supply District/The | 5.000% | 07/22/2054 | 1.1% |
Iowa Finance Authority | 4.750% | 07/25/2042 | 1.1% |
New York Transportation Development Corp | 4.000% | 09/27/2030 | 1.1% |
Commonwealth Of Puerto Rico | 5.750% | 06/27/2031 | 1.1% |
Maryland Economic Development Corp | 5.750% | 08/29/2025 | 1.1% |
California Statewide Communities Development Autho | 5.250% | 11/26/2034 | 1.1% |
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.
HOLDINGS as of05/31/2024
Holding | Coupon | Maturity | Assets |
---|
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.500% | 06/28/2034 | 1.6% |
Main Street Natural Gas Inc | 4.000% | 11/01/2027 | 1.4% |
Montgomery County Higher Education And Health Auth | 4.250% | 06/07/2024 | 1.3% |
Southeast Alabama Gas Supply District/The | 5.000% | 07/24/2054 | 1.2% |
New York Transportation Development Corp | 4.000% | 09/29/2030 | 1.1% |
California Statewide Communities Development Autho | 5.250% | 11/28/2034 | 1.1% |
Commonwealth Of Puerto Rico | 5.750% | 06/29/2031 | 1.1% |
Maryland Economic Development Corp | 5.750% | 08/31/2025 | 1.1% |
Berks County Municipal Authority/The | 5.000% | 02/01/2025 | 1.0% |
California Community Choice Financing Authority | 5.250% | 12/24/2053 | 1.0% |
New York Transportation Development Corp | 5.000% | 07/30/2031 | 1.0% |
City Of Osceola Ar | 5.500% | 03/29/2036 | 0.9% |
Public Finance Authority | 5.000% | 11/30/2025 | 0.9% |
Washington State Convention Center Public Faciliti | 4.000% | 06/29/2031 | 0.9% |
Allegheny County Industrial Development Authority | 5.125% | 04/29/2030 | 0.8% |
Northern California Energy Authority | 5.000% | 11/23/2054 | 0.8% |
Pefa Inc | 5.000% | 08/25/2049 | 0.8% |
Southeast Energy Authority A Cooperative District | 5.978% | 08/31/2029 | 0.8% |
Southwestern Illinois Development Authority | 5.750% | 07/27/2042 | 0.8% |
Maryland Economic Development Corp | 5.000% | 11/10/2028 | 0.8% |
Rhode Island Health And Educational Building Corp | 5.000% | 08/28/2036 | 0.8% |
County Of Miami-Dade Fl Aviation Revenue | 5.000% | 09/28/2032 | 0.8% |
California Community Choice Financing Authority | 5.258% | 07/31/2028 | 0.8% |
Mission Economic Development Corp | 4.625% | 09/29/2031 | 0.8% |
Wisconsin Health & Educational Facilities Authorit | 5.210% | 06/03/2024 | 0.7% |
New York Transportation Development Corp | 5.000% | 12/29/2035 | 0.7% |
City & County Of Denver Co | 5.000% | 09/28/2032 | 0.7% |
Public Finance Authority | 5.000% | 05/27/2041 | 0.7% |
Chandler Industrial Development Authority | 5.000% | 05/26/2049 | 0.7% |
Texas Municipal Gas Acquisition & Supply Corp Iv | 5.500% | 12/24/2053 | 0.7% |
Citizens Memorial Hospital District | 5.000% | 12/01/2026 | 0.7% |
Tennergy Corp/Tn | 5.500% | 09/23/2053 | 0.7% |
Iowa Finance Authority | 4.000% | 11/24/2050 | 0.7% |
Black Belt Energy Gas District | 5.250% | 04/23/2055 | 0.7% |
Commonwealth Of Puerto Rico | 5.625% | 06/30/2027 | 0.7% |
Florida Development Finance Corp | 6.125% | 06/28/2032 | 0.7% |
Tulsa Airports Improvement Trust | 5.000% | 05/29/2035 | 0.7% |
New York Liberty Development Corp | 5.150% | 11/12/2034 | 0.7% |
New Jersey Economic Development Authority | 5.250% | 09/13/2029 | 0.7% |
Jefferson County Port Authority/Oh | 5.000% | 11/23/2053 | 0.6% |
Public Finance Authority | 5.000% | 09/28/2034 | 0.6% |
County Of Muskingum Oh | 5.000% | 02/11/2033 | 0.6% |
Public Finance Authority | 4.000% | 06/27/2036 | 0.6% |
City Of Chicago Il | 5.500% | 12/28/2032 | 0.6% |
California Community Choice Financing Authority | 5.500% | 04/23/2054 | 0.6% |
Chicago Board Of Education | 5.000% | 11/28/2034 | 0.6% |
Parish Of St James La | 6.100% | 05/28/2038 | 0.6% |
Chicago Board Of Education | 5.250% | 11/28/2035 | 0.6% |
Chicago Board Of Education | 5.000% | 11/28/2034 | 0.6% |
Niagara Area Development Corp | 3.500% | 11/01/2024 | 0.6% |
Montgomery County Industrial Development Authority | 4.450% | 09/28/2034 | 0.6% |
County Of Washington Oh | 5.500% | 11/30/2027 | 0.6% |
City Of Houston Tx Airport System Revenue | 5.000% | 06/29/2029 | 0.6% |
Sierra Vista Industrial Development Authority | 5.000% | 06/12/2033 | 0.6% |
Virginia Small Business Financing Authority | 5.000% | 12/29/2033 | 0.5% |
Ohio Air Quality Development Authority | 4.250% | 01/11/2038 | 0.5% |
Nassau County Tobacco Settlement Corp | 5.250% | 05/31/2026 | 0.5% |
Florida Development Finance Corp | 3.000% | 05/29/2032 | 0.5% |
New Jersey Economic Development Authority | 5.750% | 09/14/2027 | 0.5% |
Wisconsin Health & Educational Facilities Authorit | 5.210% | 06/03/2024 | 0.5% |
New Hampshire Business Finance Authority | 3.625% | 08/16/2039 | 0.5% |
Cabot Citrus Farms Community Development District | 5.250% | 02/26/2029 | 0.5% |
Tsasc Inc/Ny | 5.000% | 05/31/2025 | 0.5% |
Chicago O'Hare International Airport | 5.000% | 12/29/2033 | 0.5% |
Dutchess County Local Development Corp | 4.000% | 06/28/2034 | 0.5% |
New York Transportation Development Corp | 5.000% | 06/28/2034 | 0.5% |
Florida Development Finance Corp | 12.000% | 07/12/2032 | 0.4% |
Vermont Economic Development Authority | 5.000% | 05/24/2052 | 0.4% |
Maryland Industrial Development Financing Authorit | 5.400% | 06/07/2024 | 0.4% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/28/2033 | 0.4% |
Chicago Board Of Education | 5.000% | 11/28/2034 | 0.4% |
New Hampshire Business Finance Authority | 5.625% | 12/13/2033 | 0.4% |
Commonwealth Of Puerto Rico | 4.000% | 06/28/2033 | 0.4% |
Love Field Airport Modernization Corp | 5.000% | 10/30/2028 | 0.4% |
Central Texas Turnpike System | 5.000% | 08/10/2042 | 0.4% |
Southern California Public Power Authority | 5.000% | 03/24/2055 | 0.4% |
Illinois Finance Authority | 7.375% | 08/27/2042 | 0.4% |
Chicago Board Of Education Dedicated Capital Impro | 6.100% | 03/29/2036 | 0.4% |
New York Transportation Development Corp | 5.000% | 12/31/2026 | 0.4% |
California Municipal Finance Authority | 5.000% | 11/01/2026 | 0.4% |
Chicago Board Of Education Dedicated Capital Impro | 5.750% | 03/28/2033 | 0.4% |
Chicago Board Of Education | 5.250% | 11/28/2035 | 0.4% |
Washington Health Care Facilities Authority | 5.000% | 07/25/2049 | 0.4% |
Grays Harbor County Public Hospital District No 1 | 5.750% | 11/28/2033 | 0.4% |
Central Plains Energy Project | 5.000% | 04/23/2054 | 0.4% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/26/2040 | 0.4% |
State Of Illinois | 5.250% | 01/30/2031 | 0.4% |
Main Street Natural Gas Inc | 5.258% | 02/28/2031 | 0.4% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/27/2039 | 0.4% |
New York Liberty Development Corp | 5.000% | 11/09/2044 | 0.4% |
Pennsylvania Turnpike Commission Registration Fee | 4.210% | 07/15/2025 | 0.4% |
City Of New York Ny | 5.000% | 02/28/2032 | 0.4% |
Connecticut Housing Finance Authority | 6.000% | 11/07/2054 | 0.4% |
Black Belt Energy Gas District | 4.000% | 11/23/2052 | 0.4% |
Henry County Hospital Authority | 5.000% | 07/01/2024 | 0.4% |
Kentucky Public Energy Authority | 5.000% | 04/23/2055 | 0.4% |
California Municipal Finance Authority | 4.000% | 07/13/2029 | 0.4% |
Minnesota Housing Finance Agency | 6.250% | 12/24/2053 | 0.4% |
Chicago Board Of Education | 5.125% | 11/28/2032 | 0.4% |
Iowa Finance Authority | 6.750% | 05/11/2033 | 0.4% |
City Of Whiting In | 5.000% | 11/01/2024 | 0.3% |
City Of Colby Ks | 5.500% | 06/30/2026 | 0.3% |
City Of Henderson Ky | 3.700% | 12/30/2031 | 0.3% |
Clifton Higher Education Finance Corp | 5.250% | 08/15/2025 | 0.3% |
New York State Environmental Facilities Corp | 3.125% | 06/01/2026 | 0.3% |
Parish Of St James La | 5.850% | 07/27/2041 | 0.3% |
California Public Finance Authority | 0.000% | 05/14/2028 | 0.3% |
County Of Clark Nv | 2.100% | 05/30/2031 | 0.3% |
New York Transportation Development Corp | 5.000% | 07/31/2026 | 0.3% |
Military Installation Development Authority | 4.000% | 05/28/2036 | 0.3% |
City Of Houston Tx Airport System Revenue | 6.500% | 07/13/2030 | 0.3% |
Public Finance Authority | 5.500% | 12/12/2028 | 0.3% |
Public Finance Authority | 9.000% | 10/30/2028 | 0.3% |
Florida Development Finance Corp | 5.000% | 04/28/2029 | 0.3% |
Academical Village Community Development District | 3.250% | 04/29/2031 | 0.3% |
Delaware State Housing Authority | 6.000% | 12/24/2054 | 0.3% |
Pennsylvania Economic Development Financing Author | 3.250% | 07/28/2039 | 0.3% |
New York Transportation Development Corp | 4.000% | 06/30/2031 | 0.3% |
Allentown Neighborhood Improvement Zone Developmen | 6.000% | 04/30/2031 | 0.3% |
City Of Sparks Nv | 2.750% | 06/14/2028 | 0.3% |
City Of New York Ny | 4.000% | 06/03/2024 | 0.3% |
Central Texas Turnpike System | 5.000% | 08/11/2037 | 0.3% |
City Of Scranton Pa | 5.000% | 08/31/2029 | 0.3% |
Michigan Strategic Fund | 4.000% | 09/21/2061 | 0.3% |
California Statewide Communities Development Autho | 5.250% | 11/25/2044 | 0.3% |
Charlotte County Industrial Development Authority/ | 5.500% | 10/01/2025 | 0.3% |
New Jersey Economic Development Authority | 5.000% | 10/01/2027 | 0.3% |
Commonwealth Of Puerto Rico | 0.000% | 10/28/2043 | 0.3% |
County Of Miami-Dade Seaport Department | 5.000% | 09/28/2032 | 0.3% |
California Community Choice Financing Authority | 5.250% | 10/24/2054 | 0.3% |
Massachusetts Development Finance Agency | 5.000% | 06/27/2036 | 0.3% |
Village Metropolitan District/The | 4.150% | 11/29/2030 | 0.3% |
Pennsylvania Economic Development Financing Author | 9.000% | 03/25/2051 | 0.3% |
Public Finance Authority | 5.250% | 06/29/2033 | 0.3% |
New York Transportation Development Corp | 6.000% | 03/29/2035 | 0.3% |
Colorado Educational & Cultural Facilities Authori | 4.750% | 03/29/2034 | 0.3% |
County Of Miami-Dade Fl Aviation Revenue | 5.000% | 09/28/2034 | 0.3% |
Port Beaumont Navigation District | 6.000% | 01/01/2025 | 0.3% |
Northern Palm Beach County Improvement District | 5.000% | 07/29/2034 | 0.3% |
Energy Southeast A Cooperative District | 5.250% | 06/23/2054 | 0.2% |
County Of Frederick Md | 5.000% | 08/29/2032 | 0.2% |
New Hampshire Business Finance Authority | 2.150% | 07/01/2024 | 0.2% |
Clifton Higher Education Finance Corp | 5.250% | 08/13/2028 | 0.2% |
Clifton Higher Education Finance Corp | 6.000% | 08/11/2038 | 0.2% |
New Hampshire Business Finance Authority | 2.950% | 03/31/2029 | 0.2% |
Public Finance Authority | 6.625% | 11/28/2032 | 0.2% |
City Of Houston Tx Airport System Revenue | 5.000% | 07/13/2028 | 0.2% |
South Carolina Jobs-Economic Development Authority | 5.750% | 11/13/2029 | 0.2% |
Tulsa Airports Improvement Trust | 5.500% | 05/29/2035 | 0.2% |
City Of Seattle Wa Municipal Light & Power Revenue | 3.610% | 11/01/2026 | 0.2% |
Florida Higher Educational Facilities Financial Au | 4.500% | 05/29/2033 | 0.2% |
Washington Health Care Facilities Authority | 5.000% | 09/27/2038 | 0.2% |
Oklahoma Development Finance Authority | 5.450% | 06/20/2028 | 0.2% |
South Carolina Jobs-Economic Development Authority | 5.250% | 11/13/2028 | 0.2% |
City Of Valparaiso In | 4.500% | 12/29/2033 | 0.2% |
Lakewood Ranch Stewardship District | 5.450% | 04/27/2033 | 0.2% |
Palomar Health | 5.000% | 10/30/2031 | 0.2% |
City Of Chicago Il Waterworks Revenue | 5.000% | 10/31/2026 | 0.2% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/28/2032 | 0.2% |
Idaho Health Facilities Authority | 6.250% | 10/29/2035 | 0.2% |
Kremmling Memorial Hospital District | 5.125% | 11/28/2034 | 0.2% |
Cleveland-Cuyahoga County Port Authority | 5.000% | 11/29/2028 | 0.2% |
Fulton County Industrial Development Authority | 4.000% | 06/29/2028 | 0.2% |
New York Transportation Development Corp | 5.375% | 07/28/2036 | 0.2% |
City Of Chicago Il | 5.500% | 01/01/2025 | 0.2% |
New York Transportation Development Corp | 5.250% | 07/30/2031 | 0.2% |
City Of Chicago Il | 5.625% | 12/30/2030 | 0.2% |
Maryland Health & Higher Educational Facilities Au | 5.000% | 12/30/2031 | 0.2% |
Port Beaumont Navigation District | 1.875% | 12/31/2025 | 0.2% |
Greater Orlando Aviation Authority | 5.000% | 11/14/2026 | 0.2% |
California Statewide Communities Development Autho | 5.250% | 11/29/2029 | 0.2% |
Oklahoma Development Finance Authority | 5.000% | 08/11/2038 | 0.2% |
New Hampshire Business Finance Authority | 4.000% | 10/31/2027 | 0.2% |
Charlotte County Industrial Development Authority/ | 5.000% | 09/29/2029 | 0.2% |
Black Belt Energy Gas District | 5.500% | 05/25/2049 | 0.2% |
Tuscaloosa County Industrial Development Authority | 5.250% | 04/26/2044 | 0.2% |
California Municipal Finance Authority | 4.800% | 10/27/2041 | 0.2% |
California Housing Finance Agency | 3.250% | 08/16/2036 | 0.2% |
New York City Industrial Development Agency | 3.980% | 03/01/2027 | 0.2% |
New York State Environmental Facilities Corp | 2.750% | 08/25/2050 | 0.2% |
New York Liberty Development Corp | 1.200% | 11/13/2028 | 0.2% |
Allegheny County Industrial Development Authority | 4.875% | 11/01/2024 | 0.2% |
Connecticut State Health & Educational Facilities | 5.000% | 06/28/2034 | 0.2% |
New York Transportation Development Corp | 5.000% | 11/27/2038 | 0.2% |
Care New England Health System | 5.500% | 09/01/2026 | 0.2% |
Calhoun County Navigation Industrial Development A | 3.625% | 06/30/2026 | 0.2% |
Chicago O'Hare International Airport | 5.000% | 12/30/2031 | 0.2% |
Port Of Seattle Industrial Development Corp | 5.000% | 03/30/2030 | 0.2% |
Southeastern Ohio Port Authority | 5.500% | 11/29/2029 | 0.2% |
New York State Dormitory Authority | 5.000% | 07/14/2030 | 0.2% |
South Carolina Jobs-Economic Development Authority | 4.000% | 04/01/2026 | 0.2% |
New Jersey Economic Development Authority | 4.610% | 03/01/2025 | 0.2% |
Public Finance Authority | 5.000% | 09/27/2039 | 0.2% |
Westchester County Local Development Corp | 5.000% | 10/26/2046 | 0.2% |
Commonwealth Of Puerto Rico | 5.375% | 06/30/2025 | 0.2% |
New York Transportation Development Corp | 5.500% | 06/26/2038 | 0.2% |
Wise County Industrial Development Authority | 3.800% | 10/27/2040 | 0.2% |
Industrial Development Authority Of The City Of St | 3.875% | 11/13/2029 | 0.2% |
Energy Southeast A Cooperative District | 5.750% | 03/24/2054 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 10/01/2026 | 0.2% |
Industrial Development Authority Of The City Of Ph | 5.000% | 06/28/2035 | 0.2% |
Northern Palm Beach County Improvement District | 5.000% | 07/26/2046 | 0.2% |
County Of Muskingum Oh | 5.000% | 02/14/2027 | 0.2% |
Chicago Board Of Education | 5.000% | 11/28/2034 | 0.2% |
Ohio Air Quality Development Authority | 4.250% | 10/28/2039 | 0.2% |
Clifton Higher Education Finance Corp | 5.750% | 08/12/2033 | 0.2% |
New York State Dormitory Authority | 5.000% | 07/13/2032 | 0.2% |
Florida Development Finance Corp | 6.000% | 06/12/2033 | 0.2% |
Jefferson Parish Economic Development & Port Distr | 4.800% | 06/13/2029 | 0.2% |
Mississippi Business Finance Corp | 4.550% | 11/29/2028 | 0.2% |
State Of Illinois | 5.000% | 10/31/2025 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/13/2031 | 0.2% |
Public Finance Authority | 5.000% | 06/30/2031 | 0.2% |
Avenir Community Development District | 4.500% | 04/29/2030 | 0.2% |
Public Finance Authority | 6.500% | 11/27/2037 | 0.2% |
Babcock Ranch Community Independent Special Distri | 4.250% | 04/29/2032 | 0.2% |
Public Finance Authority | 5.000% | 06/29/2032 | 0.2% |
City Of Fruita Co Healthcare Revenue | 5.375% | 12/28/2032 | 0.2% |
Texas Private Activity Bond Surface Transportation | 5.375% | 06/26/2037 | 0.2% |
West Villages Improvement District | 4.250% | 04/28/2029 | 0.2% |
West Villages Improvement District | 4.750% | 04/27/2039 | 0.2% |
New Jersey Housing & Mortgage Finance Agency | 6.000% | 09/23/2055 | 0.1% |
Iowa Finance Authority | 4.750% | 07/27/2042 | 0.1% |
Port Beaumont Navigation District | 5.000% | 12/30/2033 | 0.1% |
Public Finance Authority | 4.300% | 10/30/2030 | 0.1% |
E-470 Public Highway Authority | 3.908% | 09/01/2024 | 0.1% |
Maricopa County Industrial Development Authority | 5.250% | 06/28/2034 | 0.1% |
County Of Trimble Ky | 4.700% | 03/03/2027 | 0.1% |
City Of Scranton Pa | 5.000% | 09/01/2024 | 0.1% |
West Virginia Economic Development Authority | 4.700% | 06/17/2026 | 0.1% |
Hoover Industrial Development Board | 6.375% | 10/25/2050 | 0.1% |
Virginia Beach Development Authority | 5.375% | 08/30/2029 | 0.1% |
Hobe-St Lucie Conservancy District | 4.750% | 04/29/2031 | 0.1% |
Kremmling Memorial Hospital District | 5.000% | 11/29/2029 | 0.1% |
Texas Private Activity Bond Surface Transportation | 5.375% | 06/26/2039 | 0.1% |
Allentown Neighborhood Improvement Zone Developmen | 5.125% | 04/29/2032 | 0.1% |
Commonwealth Of Puerto Rico | 0.000% | 06/28/2033 | 0.1% |
New York State Dormitory Authority | 5.000% | 06/29/2030 | 0.1% |
New York State Dormitory Authority | 5.000% | 07/14/2029 | 0.1% |
Public Finance Authority | 5.000% | 06/01/2024 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/28/2035 | 0.1% |
Chester County Health And Education Facilities Aut | 4.250% | 10/29/2032 | 0.1% |
Nassau County Tobacco Settlement Corp | 5.000% | 05/29/2035 | 0.1% |
New York City Industrial Development Agency | 4.023% | 03/01/2025 | 0.1% |
Arizona Industrial Development Authority | 5.000% | 06/29/2029 | 0.1% |
Mississippi Business Finance Corp | 5.000% | 01/29/2036 | 0.1% |
Chicago Board Of Education | 5.000% | 11/28/2033 | 0.1% |
City Of Seneca Ks | 5.000% | 09/01/2025 | 0.1% |
Idaho Health Facilities Authority | 5.500% | 10/31/2029 | 0.1% |
Industrial Development Authority Of The County Of | 5.125% | 11/13/2029 | 0.1% |
Utah Charter School Finance Authority | 4.500% | 06/14/2027 | 0.1% |
Village Community Development District No 15 | 4.375% | 04/27/2033 | 0.1% |
Clifton Higher Education Finance Corp | 5.750% | 08/11/2038 | 0.1% |
Wisconsin Health & Educational Facilities Authorit | 5.250% | 08/11/2039 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 06/30/2025 | 0.1% |
Port Beaumont Navigation District | 2.625% | 12/30/2030 | 0.1% |
Chicago Board Of Education Dedicated Capital Impro | 5.250% | 03/28/2033 | 0.1% |
Oklahoma Development Finance Authority | 5.000% | 08/15/2024 | 0.1% |
County Of Miami-Dade Seaport Department | 5.000% | 09/27/2036 | 0.1% |
County Of Washoe Nv | 4.125% | 02/27/2036 | 0.1% |
Illinois Housing Development Authority | 4.000% | 06/01/2025 | 0.1% |
Clifton Higher Education Finance Corp | 4.625% | 08/14/2025 | 0.1% |
New York City Industrial Development Agency | 4.357% | 03/01/2026 | 0.1% |
Metropolitan Washington Airports Authority Dulles | 5.000% | 09/28/2034 | 0.1% |
American Samoa Economic Development Authority | 6.500% | 08/30/2028 | 0.1% |
Village Community Development District No 12 | 4.000% | 04/27/2033 | 0.1% |
Polk County Industrial Development Authority | 5.875% | 12/28/2032 | 0.1% |
Nassau County Local Economic Assistance Corp | 5.000% | 07/01/2024 | 0.1% |
Public Finance Authority | 5.000% | 11/30/2027 | 0.1% |
Mida Mountain Village Public Infrastructure Distri | 4.000% | 08/01/2025 | 0.1% |
Board Of Managers Joint Guadalupe County-City Of S | 4.000% | 12/01/2026 | 0.1% |
Massachusetts Health & Educational Facilities Auth | 4.561% | 11/13/2032 | 0.1% |
University City Industrial Development Authority | 4.875% | 06/11/2036 | 0.1% |
Main Street Natural Gas Inc | 4.000% | 08/24/2052 | 0.1% |
Port Beaumont Navigation District | 2.000% | 12/31/2026 | 0.1% |
Port Beaumont Navigation District | 2.250% | 12/29/2028 | 0.1% |
State Of Illinois | 5.250% | 01/29/2029 | 0.1% |
Public Finance Authority | 5.000% | 09/30/2027 | 0.1% |
Capital Trust Agency Inc | 5.000% | 12/14/2029 | 0.1% |
New York Transportation Development Corp | 2.500% | 10/30/2031 | 0.1% |
New York Transportation Development Corp | 5.500% | 06/26/2039 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/29/2028 | 0.1% |
Texas Private Activity Bond Surface Transportation | 5.375% | 06/26/2038 | 0.1% |
City Of Chicago Il | 5.000% | 12/30/2030 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/29/2030 | 0.1% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/27/2037 | 0.1% |
Antelope Valley Healthcare District | 5.000% | 03/01/2026 | 0.1% |
California Statewide Communities Development Autho | 5.000% | 11/29/2031 | 0.1% |
City Of Houston Tx Airport System Revenue | 5.000% | 07/14/2027 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 06/28/2035 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/30/2027 | 0.1% |
New York State Environmental Facilities Corp | 5.125% | 08/25/2050 | 0.1% |
Charlotte County Industrial Development Authority/ | 5.000% | 09/28/2034 | 0.1% |
Boggy Creek Improvement District | 4.500% | 04/29/2032 | 0.1% |
County Of Miami-Dade Fl Aviation Revenue | 5.000% | 09/28/2034 | 0.1% |
Doylestown Hospital Authority | 5.000% | 06/29/2031 | 0.1% |
Lakewood Ranch Stewardship District | 5.400% | 04/30/2028 | 0.1% |
Matagorda County Navigation District No 1 | 4.000% | 05/30/2030 | 0.1% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/30/2028 | 0.1% |
Arizona Industrial Development Authority | 5.125% | 06/27/2037 | 0.1% |
Village Community Development District No 15 | 4.250% | 04/30/2028 | 0.1% |
Development Authority Of The City Of Marietta | 5.000% | 10/28/2037 | 0.1% |
Connecticut State Health & Educational Facilities | 5.000% | 06/29/2032 | 0.1% |
Maryland Economic Development Corp | 0.000% | 11/29/2031 | 0.1% |
New York State Dormitory Authority | 5.000% | 06/29/2028 | 0.1% |
California Municipal Finance Authority | 5.000% | 06/12/2034 | 0.1% |
Babcock Ranch Community Independent Special Distri | 4.125% | 04/30/2027 | 0.1% |
California Municipal Finance Authority | 5.500% | 06/11/2039 | 0.1% |
New York State Environmental Facilities Corp | 2.875% | 11/25/2044 | 0.1% |
Berks County Municipal Authority/The | 5.000% | 01/29/2029 | 0.1% |
New York City Industrial Development Agency | 5.000% | 06/29/2028 | 0.1% |
Capital Trust Agency Inc | 5.000% | 06/15/2026 | 0.1% |
Capital Trust Agency Inc | 4.000% | 06/13/2029 | 0.1% |
Port Beaumont Navigation District | 2.125% | 12/31/2027 | 0.1% |
Capital Trust Agency Inc | 5.000% | 12/14/2028 | 0.1% |
Capital Trust Agency Inc | 5.000% | 12/14/2027 | 0.1% |
Peninsula Town Center Community Development Author | 4.500% | 08/30/2028 | 0.1% |
Capital Trust Authority | 5.000% | 06/13/2032 | 0.0% |
Board Of Managers Joint Guadalupe County-City Of S | 5.000% | 12/01/2024 | 0.0% |
North Parkway Municipal Management District No 1 | 3.625% | 09/14/2026 | 0.0% |
Westview South Community Development District | 4.875% | 04/30/2028 | 0.0% |
Crosswinds East Community Development District | 4.625% | 04/30/2031 | 0.0% |
Industrial Development Authority Of The County Of | 3.500% | 07/01/2025 | 0.0% |
California Public Finance Authority | 0.000% | 05/14/2028 | 0.0% |
Public Finance Authority | 5.000% | 06/01/2026 | 0.0% |
Vermont Economic Development Authority | 4.625% | 04/02/2028 | 0.0% |
Berks County Municipal Authority/The | 5.000% | 01/30/2032 | 0.0% |
Utah Charter School Finance Authority | 3.250% | 06/14/2031 | 0.0% |
Maricopa County Industrial Development Authority | 5.125% | 09/30/2030 | 0.0% |
Celebration Pointe Community Development District | 2.375% | 05/01/2026 | 0.0% |
City Of Baltimore Md | 4.500% | 05/29/2033 | 0.0% |
Arizona Industrial Development Authority | 4.000% | 06/30/2029 | 0.0% |
California Municipal Finance Authority | 5.000% | 03/01/2025 | 0.0% |
Glendale Industrial Development Authority | 4.000% | 11/14/2027 | 0.0% |
Arlington Higher Education Finance Corp | 4.000% | 08/14/2031 | 0.0% |
Roanoke County Economic Development Authority | 0.000% | 08/31/2029 | 0.0% |
Capital Trust Agency Inc | 5.000% | 12/15/2026 | 0.0% |
Montgomery County Housing Opportunities Commission | 4.000% | 06/25/2048 | 0.0% |
Capital Trust Agency Inc | 4.000% | 12/15/2025 | 0.0% |
Allegheny County Industrial Development Authority | 5.750% | 07/27/2042 | 0.0% |
Build Nyc Resource Corp | 5.000% | 05/29/2032 | 0.0% |
North Carolina Housing Finance Agency | 4.000% | 06/25/2047 | 0.0% |
Maricopa County Industrial Development Authority | 5.000% | 10/01/2026 | 0.0% |
Scranton Redevelopment Authority | 5.000% | 06/20/2024 | 0.0% |
Westview South Community Development District | 4.750% | 04/30/2028 | 0.0% |
Pennsylvania Housing Finance Agency | 4.000% | 03/29/2039 | 0.0% |
Capital Trust Agency Inc | 4.000% | 12/15/2024 | 0.0% |
Florida Development Finance Corp | 5.000% | 06/15/2025 | 0.0% |
King County Public Hospital District No 4 | 5.000% | 12/01/2025 | 0.0% |
City Of Blaine Mn | 0.000% | 07/01/2025 | 0.0% |
Illinois Finance Authority | 5.000% | 05/15/2025 | 0.0% |
California Statewide Communities Development Authority | 0.000% | 07/01/2024 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.536% | 06/23/2053 | 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
- YTD Dividends Paidas of 07/26/2024
- $0.28036
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 06/30/2024 | $0.04703 | $14.20 |
Daily | Daily | 05/31/2024 | $0.04719 | $14.11 |
Daily | Daily | 04/30/2024 | $0.04631 | $14.10 |
Daily | Daily | 03/31/2024 | $0.04612 | $14.18 |
Daily | Daily | 02/29/2024 | $0.04713 | $14.15 |
Daily | Daily | 01/31/2024 | $0.04660 | $14.12 |
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 | 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 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/19/2017 | 12/20/2017 | $0.0023 | - | $0.0023 | $15.14 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 07/26/2024
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $14.57 |
$100,000 to $249,999 | 1.75% | 1.50% | $14.49 |
Greater than $250,000 | 0.00% | 1.00% | $14.24 |
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.
Expense Ratioas of 06/30/2024
Fund Gross Expense Ratio | 0.71% |
Fund Net Expense Ratio | 0.65% |
Adjusted Expense Ratio | - |
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 01/31/2025. 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. In addition, 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.
Fund Documents
Fund Documents
0Documents selected
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
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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Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Commentary
Publish Date:11/03/2015
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