Short Duration Tax Free Fund
Daily price w/o sales charge as of 07/26/2024
$15.08
$0.00
YTD Returns w/o sales charge as of 07/26/2024
1.81%
Overall Morningstar RatingsMuni National Short
as of 06/30/2024
Morningstar rated the Lord Abbett Short Duration Tax Free Fund class I share 3, 3 and 4 stars among 208, 199 and 146 Muni National Short Funds for the overall rating and the 3, 5 and 10 year periods ended 6/30/2024, respectively.
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 | 3.21% | 3.20% |
Average Yield to Worst as of 06/28/2024 |
4.12% |
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
- $1.53 B
- Inception Date
- 12/31/2008
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.46%
- Fund Net Expense Ratio
- 0.45%
- Number of Holdings
- 273
Fund Expense Ratio :
Gross 0.46%
Net 0.45%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.20% | 3.38% | 0.08% | 0.89% | 1.15% | 1.78% |
Lipper Category Avg. Short Municipal Debt Funds | 1.07% | 3.36% | 0.74% | 1.03% | 0.95% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 0.16% | 2.72% | 0.16% | 0.96% | 1.22% | 1.73% |
w/ sales charge | 1.20% | 3.38% | 0.08% | 0.89% | 1.15% | 1.78% |
Fund Expense Ratio :
Gross 0.46%
Net 0.45%
Fund Expense Ratio :
Gross 0.46%
Net 0.45%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.20% | 3.38% | 0.08% | 0.89% | 1.15% | 1.78% |
Lipper Category Avg. Short Municipal Debt Funds | 1.07% | 3.36% | 0.74% | 1.03% | 0.95% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 0.16% | 2.72% | 0.16% | 0.96% | 1.22% | 1.73% |
Fund Expense Ratio :
Gross 0.46%
Net 0.45%
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 |
---|---|
VRDN | |
IDR/PCR | |
Healthcare/Hospital | |
GO Local | |
Power | |
Housing | |
Special Tax | |
Other | |
GO State | |
Lease | |
Water & Sewer | |
Transportation | |
Education | |
Pre-Refunded |
The Fund's portfolio is actively managed and is subject to change.
Maturity | Assets |
---|---|
<1 Year | |
1-2 Years | |
2-4 Years | |
4-6 Years | |
>6 Years |
The Fund's portfolio is actively managed and is subject to change.
CREDIT QUALITY DISTRIBUTION as of 06/28/2024
Rating | Assets |
---|---|
A-1/MIG1 | |
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. 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.
INVESTMENT TEAM
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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 | 3.21% | 3.20% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.46%
Net 0.45%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.20% | 3.38% | 0.08% | 0.89% | 1.15% | 1.78% |
Lipper Category Avg. Short Municipal Debt Funds | 1.07% | 3.36% | 0.74% | 1.03% | 0.95% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 0.16% | 2.72% | 0.16% | 0.96% | 1.22% | 1.73% |
w/ sales charge | 1.20% | 3.38% | 0.08% | 0.89% | 1.15% | 1.78% |
Fund Expense Ratio :
Gross 0.46%
Net 0.45%
Fund Expense Ratio :
Gross 0.46%
Net 0.45%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.20% | 3.38% | 0.08% | 0.89% | 1.15% | 1.78% |
Lipper Category Avg. Short Municipal Debt Funds | 1.07% | 3.36% | 0.74% | 1.03% | 0.95% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 0.16% | 2.72% | 0.16% | 0.96% | 1.22% | 1.73% |
Fund Expense Ratio :
Gross 0.46%
Net 0.45%
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 Short 1-5 Year Index |
---|
2023 | 3.39% | 3.58% |
2022 | -4.04% | -3.17% |
2021 | 0.55% | 0.37% |
2020 | 2.17% | 2.82% |
2019 | 4.27% | 3.66% |
2018 | 1.29% | 1.77% |
2017 | 1.90% | 1.61% |
2016 | -0.46% | 0.07% |
2015 | 0.91% | 1.21% |
2014 | 1.78% | 1.31% |
2013 | 0.21% | - |
2012 | 2.35% | - |
2011 | 3.64% | - |
2010 | 2.36% | - |
2009 | 6.39% | - |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | 0.48% | 0.71% | - | - |
2023 | 1.13% | 0.08% | -0.37% | 2.54% |
2022 | -3.35% | -0.94% | -1.40% | 1.65% |
2021 | 0.05% | 0.65% | -0.20% | 0.05% |
2020 | -1.62% | 1.84% | 1.01% | 0.96% |
2019 | 1.49% | 1.35% | 0.69% | 0.67% |
2018 | -0.15% | 0.63% | 0.06% | 0.75% |
2017 | 1.04% | 0.71% | 0.51% | -0.37% |
2016 | 0.57% | 0.65% | 0.06% | -1.72% |
2015 | 0.36% | -0.14% | 0.50% | 0.19% |
2014 | 0.68% | 0.54% | 0.44% | 0.11% |
2013 | 0.59% | -0.96% | 0.22% | 0.37% |
2012 | 0.79% | 0.68% | 0.79% | 0.07% |
2011 | 0.58% | 1.47% | 1.01% | 0.54% |
2010 | 0.53% | 0.99% | 1.41% | -0.58% |
2009 | 2.42% | 1.06% | 2.32% | 0.46% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Sector | Assets |
---|---|
VRDN | |
IDR/PCR | |
Healthcare/Hospital | |
GO Local | |
Power | |
Housing | |
Special Tax | |
Other | |
GO State | |
Lease | |
Water & Sewer | |
Transportation | |
Education | |
Pre-Refunded |
The Fund's portfolio is actively managed and is subject to change.
Maturity | Assets |
---|---|
<1 Year | |
1-2 Years | |
2-4 Years | |
4-6 Years | |
>6 Years |
The Fund's portfolio is actively managed and is subject to change.
State | Assets |
---|---|
NY | |
TX | |
AL | |
IL | |
FL | |
NJ | |
PA | |
LA | |
CA | |
GA | |
WI | |
OH | |
SC | |
WA | |
DE | |
MO | |
NE | |
MD | |
CO | |
IN | |
MN | |
NC | |
KY | |
VA | |
DC | |
ID | |
NM | |
MA | |
TN | |
NV | |
KS | |
UT | |
WV | |
SD | |
AZ | |
CT | |
OR | |
ND | |
MI | |
IA | |
Other U.S. Territories | |
OK |
CREDIT QUALITY DISTRIBUTION as of 06/28/2024
Rating | Assets |
---|---|
A-1/MIG1 | |
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. 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
- $1.53 B
- Average Effective Duration
- 2.26 Years
- Average Effective Maturity
- 4.2 Years
- Number of Issues
- 273
- Average Yield to Worst
- 4.12%
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 |
---|
Tender Option Bond Trust Receipts/Certificates | 4.200% | 07/05/2024 | 2.3% |
Wisconsin Health & Educational Facilities Authorit | 5.730% | 07/01/2024 | 1.7% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 08/29/2025 | 1.7% |
Tender Option Bond Trust Receipts/Certificates | 4.200% | 07/05/2024 | 1.6% |
City Of New York Ny | 4.900% | 07/01/2024 | 1.4% |
Louisiana Local Government Environmental Facilitie | 0.875% | 02/01/2025 | 1.4% |
Lower Colorado River Authority | 5.000% | 05/09/2039 | 1.4% |
Central Plains Energy Project | 5.738% | 07/01/2029 | 1.4% |
Harris County Cultural Education Facilities Financ | 4.410% | 07/05/2024 | 1.3% |
Rib Floater Trust Various States | 4.230% | 07/05/2024 | 1.3% |
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 |
---|
City Of New York Ny | 4.100% | 06/03/2024 | 2.7% |
Tender Option Bond Trust Receipts/Certificates | 4.580% | 06/07/2024 | 2.3% |
Wisconsin Health & Educational Facilities Authorit | 5.210% | 06/03/2024 | 1.8% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 08/31/2025 | 1.7% |
Tender Option Bond Trust Receipts/Certificates | 4.580% | 06/07/2024 | 1.6% |
Lower Colorado River Authority | 5.000% | 05/11/2039 | 1.4% |
Central Plains Energy Project | 5.738% | 07/01/2029 | 1.3% |
Harris County Cultural Education Facilities Financ | 3.890% | 06/07/2024 | 1.3% |
Rib Floater Trust Various States | 4.560% | 06/07/2024 | 1.3% |
Lower Alabama Gas District/The | 4.000% | 11/24/2050 | 1.3% |
Hoosick Falls Central School District | 4.500% | 08/02/2024 | 1.2% |
Southeast Energy Authority A Cooperative District | 5.348% | 04/30/2028 | 1.2% |
Main Street Natural Gas Inc | 4.000% | 11/01/2027 | 1.2% |
Health Care Authority For Baptist Health/The | 4.780% | 06/07/2024 | 1.1% |
New York State Thruway Authority | 5.000% | 12/31/2026 | 1.0% |
Triborough Bridge & Tunnel Authority | 5.000% | 03/15/2027 | 1.0% |
Louisiana Local Government Environmental Facilitie | 0.875% | 02/01/2025 | 1.0% |
Wisconsin Health & Educational Facilities Authorit | 5.210% | 06/03/2024 | 1.0% |
Black Belt Energy Gas District | 4.000% | 09/23/2052 | 1.0% |
California Community Choice Financing Authority | 5.258% | 07/31/2028 | 1.0% |
County Of Lehigh Pa | 4.460% | 08/12/2038 | 1.0% |
Pennsylvania Higher Educational Facilities Authori | 4.250% | 06/07/2024 | 0.9% |
Development Authority Of Appling County | 4.400% | 06/03/2024 | 0.9% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/14/2025 | 0.9% |
Black Belt Energy Gas District | 4.000% | 11/24/2049 | 0.8% |
City Of Auburn Ny | 4.750% | 08/15/2024 | 0.8% |
Danville Multi-School Building Corp | 4.500% | 12/15/2024 | 0.8% |
City Of New York Ny | 4.000% | 06/03/2024 | 0.8% |
Long Island Power Authority | 0.850% | 08/25/2050 | 0.8% |
County Of Nez Perce Id | 2.750% | 10/01/2024 | 0.7% |
Harris County Cultural Education Facilities Financ | 4.210% | 12/01/2026 | 0.7% |
Long Island Power Authority | 5.000% | 08/24/2052 | 0.7% |
Kentucky Public Energy Authority | 5.250% | 03/24/2054 | 0.7% |
State Of New Jersey | 5.000% | 05/31/2027 | 0.7% |
Health & Educational Facilities Authority Of The S | 5.000% | 05/28/2039 | 0.7% |
State Of Illinois | 5.000% | 11/30/2025 | 0.7% |
Delaware State Economic Development Authority | 1.250% | 09/25/2045 | 0.7% |
City Of Newark Nj | 5.000% | 09/27/2024 | 0.7% |
California Municipal Finance Authority | 5.000% | 11/01/2026 | 0.7% |
State Of Ohio | 3.890% | 06/07/2024 | 0.7% |
Florida Insurance Assistance Interlocal Agency Inc | 4.160% | 06/07/2024 | 0.7% |
Philadelphia Authority For Industrial Development | 4.250% | 06/07/2024 | 0.7% |
State Of Ohio | 3.890% | 06/07/2024 | 0.7% |
University Of Colorado | 2.000% | 10/15/2024 | 0.7% |
Rib Floater Trust Various States | 4.560% | 06/07/2024 | 0.7% |
Sauquoit Valley Central School District | 4.500% | 06/21/2024 | 0.6% |
County Of Jefferson Al Sewer Revenue | 5.000% | 09/27/2037 | 0.6% |
Tender Option Bond Trust Receipts/Certificates | 4.580% | 06/07/2024 | 0.6% |
Delaware State Economic Development Authority | 1.250% | 09/26/2040 | 0.6% |
California Community Choice Financing Authority | 5.250% | 10/24/2054 | 0.6% |
Ohio Air Quality Development Authority | 2.400% | 11/27/2038 | 0.6% |
Citizens Memorial Hospital District | 5.000% | 12/01/2026 | 0.6% |
California Health Facilities Financing Authority | 5.000% | 11/27/2037 | 0.6% |
New Mexico Municipal Energy Acquisition Authority | 5.000% | 05/01/2025 | 0.5% |
Borough Of Riverdale Nj | 4.750% | 06/05/2024 | 0.5% |
New York State Housing Finance Agency | 0.750% | 10/31/2025 | 0.5% |
City Of Dallas Tx | 5.000% | 02/14/2027 | 0.5% |
Parish Of St John The Baptist La | 2.100% | 07/01/2024 | 0.5% |
West Virginia Economic Development Authority | 0.625% | 12/15/2025 | 0.5% |
Wisconsin Housing & Economic Development Authority | 0.810% | 05/01/2025 | 0.5% |
Montgomery County Industrial Development Authority | 4.100% | 03/23/2053 | 0.5% |
State Of Illinois | 5.000% | 02/28/2027 | 0.5% |
Harris County Cultural Education Facilities Financ | 3.930% | 12/04/2024 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 05/31/2025 | 0.5% |
Washington Health Care Facilities Authority | 5.000% | 07/25/2049 | 0.5% |
Development Authority Of Burke County/The | 3.375% | 03/12/2027 | 0.5% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/28/2036 | 0.5% |
Illinois Finance Authority | 5.000% | 08/07/2052 | 0.5% |
State Of Illinois Sales Tax Revenue | 5.000% | 06/15/2024 | 0.5% |
State Of Illinois | 5.000% | 10/30/2030 | 0.5% |
South Dakota Housing Development Authority | 6.250% | 04/23/2055 | 0.5% |
Seattle Housing Authority | 5.000% | 09/01/2026 | 0.5% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/15/2024 | 0.5% |
City Of Chicago Il | 5.000% | 12/31/2025 | 0.5% |
Minnesota Housing Finance Agency | 5.000% | 06/23/2053 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 05/31/2026 | 0.5% |
City Of Chicago Il | 5.000% | 12/31/2026 | 0.4% |
City Of Houston Tx | 5.000% | 02/28/2027 | 0.4% |
California Infrastructure & Economic Development B | 4.059% | 06/01/2026 | 0.4% |
Allegheny County Industrial Development Authority | 4.875% | 11/01/2024 | 0.4% |
Energy Southeast A Cooperative District | 5.250% | 06/23/2054 | 0.4% |
Minnesota Housing Finance Agency | 6.250% | 06/23/2054 | 0.4% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/11/2036 | 0.4% |
State Of Illinois | 5.000% | 01/31/2028 | 0.4% |
Parish Of St John The Baptist La | 2.125% | 07/01/2024 | 0.4% |
Delaware State Economic Development Authority | 1.050% | 12/30/2030 | 0.4% |
Development Authority Of Monroe County/The | 3.875% | 03/06/2026 | 0.4% |
North Carolina Housing Finance Agency | 6.250% | 12/24/2054 | 0.4% |
Delaware Valley Regional Finance Authority | 3.760% | 03/01/2026 | 0.4% |
Port Of Port Arthur Navigation District | 4.500% | 06/07/2024 | 0.4% |
Triborough Bridge & Tunnel Authority | 5.000% | 05/08/2051 | 0.4% |
North Texas Tollway Authority | 5.000% | 12/31/2025 | 0.4% |
Colorado Housing And Finance Authority | 3.000% | 04/24/2051 | 0.4% |
Harris County Cultural Education Facilities Financ | 5.000% | 06/24/2049 | 0.4% |
Development Authority Of Burke County/The | 2.875% | 11/24/2049 | 0.4% |
City Of Colby Ks | 5.500% | 06/30/2026 | 0.4% |
School District Of Broward County/Fl | 5.000% | 06/28/2035 | 0.4% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/27/2039 | 0.4% |
State Of Illinois | 5.000% | 03/01/2025 | 0.4% |
Southern California Public Power Authority | 5.000% | 03/24/2055 | 0.4% |
State Of Washington | 5.000% | 07/30/2028 | 0.4% |
City Of New York Ny | 4.000% | 06/03/2024 | 0.4% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/11/2036 | 0.4% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/28/2037 | 0.4% |
New York State Urban Development Corp | 5.000% | 03/11/2038 | 0.3% |
State Of Illinois | 5.000% | 10/31/2027 | 0.3% |
State Of Maryland | 4.000% | 07/30/2028 | 0.3% |
Hospitals & Higher Education Facilities Authority | 5.000% | 06/30/2027 | 0.3% |
Commonwealth Financing Authority | 5.000% | 06/01/2024 | 0.3% |
Sales Tax Securitization Corp | 5.000% | 01/01/2025 | 0.3% |
Industrial Development Board Of The City Of Mobile | 3.650% | 01/10/2025 | 0.3% |
Energy Southeast A Cooperative District | 2.870% | 10/31/2031 | 0.3% |
County Of Cook Il | 4.000% | 11/14/2026 | 0.3% |
Texas Municipal Gas Acquisition & Supply Corp Iv | 5.250% | 06/30/2029 | 0.3% |
Wisconsin Health & Educational Facilities Authorit | 4.200% | 08/13/2028 | 0.3% |
State Of Illinois | 5.000% | 04/26/2037 | 0.3% |
Jersey City Municipal Utilities Authority | 5.000% | 05/01/2025 | 0.3% |
City Of Seattle Wa Municipal Light & Power Revenue | 3.610% | 11/01/2026 | 0.3% |
Louisiana Stadium & Exposition District | 5.000% | 06/27/2036 | 0.3% |
Main Street Natural Gas Inc | 5.000% | 05/15/2025 | 0.3% |
Chicago O'Hare International Airport | 5.000% | 12/30/2030 | 0.3% |
Parish Of St John The Baptist La | 4.050% | 05/28/2037 | 0.3% |
Charlotte-Mecklenburg Hospital Authority/The | 5.000% | 01/08/2050 | 0.3% |
Central Texas Turnpike System | 5.000% | 08/13/2031 | 0.3% |
Intermountain Power Agency | 5.000% | 06/27/2036 | 0.3% |
California State University | 0.550% | 10/25/2049 | 0.3% |
South Carolina Jobs-Economic Development Authority | 5.000% | 10/28/2037 | 0.3% |
Parish Of St John The Baptist La | 2.375% | 05/28/2037 | 0.3% |
Illinois Finance Authority | 4.917% | 09/01/2025 | 0.3% |
Indiana Finance Authority | 0.650% | 07/31/2025 | 0.3% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/13/2028 | 0.3% |
Maricopa County Industrial Development Authority | 3.930% | 10/18/2024 | 0.3% |
New Jersey Economic Development Authority | 5.000% | 06/14/2026 | 0.3% |
State Of Illinois | 5.000% | 02/28/2026 | 0.3% |
City Of Lees Summit Mo | 5.000% | 04/01/2027 | 0.3% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2024 | 0.3% |
State Of Illinois | 5.000% | 03/01/2025 | 0.3% |
Black Belt Energy Gas District | 5.250% | 04/23/2055 | 0.3% |
Virginia Beach Development Authority | 5.375% | 08/30/2029 | 0.3% |
Long Island Power Authority | 1.650% | 09/01/2024 | 0.3% |
Northside Independent School District | 3.450% | 07/24/2054 | 0.3% |
Portland Community College District | 5.000% | 06/11/2038 | 0.3% |
Intermountain Power Agency | 5.000% | 06/27/2037 | 0.3% |
Brevard County Health Facilities Authority | 5.000% | 03/31/2028 | 0.3% |
New Jersey Housing & Mortgage Finance Agency | 6.000% | 09/23/2055 | 0.3% |
Brevard County Health Facilities Authority | 5.000% | 03/31/2027 | 0.2% |
New York State Housing Finance Agency | 0.750% | 10/31/2025 | 0.2% |
Development Authority Of Burke County/The | 1.500% | 02/03/2025 | 0.2% |
Parish Of St James La | 5.850% | 07/27/2041 | 0.2% |
City Of Houston Tx Combined Utility System Revenue | 5.000% | 11/11/2038 | 0.2% |
Maryland Economic Development Corp | 5.750% | 08/31/2025 | 0.2% |
Peninsula Ports Authority | 3.800% | 10/01/2024 | 0.2% |
City Of Rockport In | 3.050% | 06/01/2025 | 0.2% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/27/2037 | 0.2% |
Northampton County General Purpose Authority | 5.000% | 08/14/2027 | 0.2% |
E-470 Public Highway Authority | 3.908% | 09/01/2024 | 0.2% |
Texas State Affordable Housing Corp | 3.625% | 01/01/2027 | 0.2% |
California State Public Works Board | 5.000% | 09/30/2027 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 06/13/2028 | 0.2% |
Virginia Resources Authority | 5.000% | 10/30/2034 | 0.2% |
Washington Convention & Sports Authority | 5.000% | 09/29/2030 | 0.2% |
State Of Illinois | 5.000% | 10/31/2025 | 0.2% |
Louisiana Stadium & Exposition District | 5.000% | 06/28/2035 | 0.2% |
Industrial Development Board Of The City Of Mobile | 1.000% | 05/29/2034 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 02/29/2028 | 0.2% |
North Dakota Housing Finance Agency | 4.000% | 12/25/2049 | 0.2% |
State Of Washington | 5.000% | 06/30/2027 | 0.2% |
Commonwealth Financing Authority | 5.000% | 06/01/2025 | 0.2% |
Connecticut Housing Finance Authority | 4.000% | 05/07/2049 | 0.2% |
South Carolina Jobs-Economic Development Authority | 5.250% | 11/13/2028 | 0.2% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/27/2038 | 0.2% |
Ohio Housing Finance Agency | 4.500% | 02/22/2050 | 0.2% |
Illinois Housing Development Authority | 4.000% | 06/01/2025 | 0.2% |
Virginia Resources Authority | 5.000% | 10/30/2034 | 0.2% |
Northside Independent School District | 1.600% | 08/01/2024 | 0.2% |
County Of Lake Il | 4.000% | 11/30/2027 | 0.2% |
State Of Ohio | 5.000% | 11/30/2027 | 0.2% |
Connecticut Housing Finance Authority | 6.250% | 05/07/2054 | 0.2% |
Selma Industrial Development Board | 2.000% | 10/01/2024 | 0.2% |
Michigan State Housing Development Authority | 4.250% | 11/24/2049 | 0.2% |
Allegheny County Hospital Development Authority | 5.000% | 03/31/2026 | 0.2% |
Central Texas Regional Mobility Authority | 5.000% | 07/01/2024 | 0.2% |
City Of Farmington Nm | 3.900% | 05/27/2040 | 0.2% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/30/2028 | 0.2% |
Port Authority Of New York & New Jersey | 3.000% | 11/30/2027 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/14/2026 | 0.2% |
North Carolina Housing Finance Agency | 4.000% | 12/25/2049 | 0.2% |
State Of Maryland Department Of Transportation | 5.000% | 09/30/2027 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/14/2026 | 0.2% |
Los Angeles Department Of Water & Power Water Syst | 3.800% | 06/03/2024 | 0.2% |
Minnesota Housing Finance Agency | 4.250% | 06/24/2049 | 0.2% |
New York State Dormitory Authority | 5.000% | 10/01/2024 | 0.1% |
City Of Houston Tx Combined Utility System Revenue | 5.000% | 11/11/2037 | 0.1% |
State Of Illinois | 5.000% | 09/29/2029 | 0.1% |
Tarrant County Cultural Education Facilities Finan | 5.000% | 11/07/2052 | 0.1% |
Lower Colorado River Authority | 5.000% | 05/14/2027 | 0.1% |
Berks County Municipal Authority/The | 5.000% | 01/28/2040 | 0.1% |
Chicago Transit Authority Capital Grant Receipts R | 5.000% | 05/31/2025 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 07/01/2024 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/30/2026 | 0.1% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/11/2036 | 0.1% |
City Of Seneca Ks | 5.000% | 09/01/2025 | 0.1% |
Washington Health Care Facilities Authority | 4.760% | 07/01/2024 | 0.1% |
New York City Industrial Development Agency | 4.357% | 03/01/2026 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/13/2028 | 0.1% |
Ohio Air Quality Development Authority | 1.900% | 10/01/2024 | 0.1% |
New York City Housing Development Corp | 0.700% | 11/01/2024 | 0.1% |
Colorado Health Facilities Authority | 5.000% | 11/08/2049 | 0.1% |
Development Authority Of Monroe County/The | 1.500% | 02/03/2025 | 0.1% |
California Housing Finance Agency | 5.000% | 09/01/2026 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/30/2029 | 0.1% |
Metropolitan Transportation Authority | 5.000% | 11/14/2026 | 0.1% |
City Of Chicago Il | 5.250% | 01/01/2025 | 0.1% |
Kentucky Municipal Power Agency | 3.450% | 03/01/2026 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/15/2025 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2025 | 0.1% |
Metropolitan Government Nashville & Davidson Count | 5.000% | 06/29/2028 | 0.1% |
Missouri Housing Development Commission | 3.250% | 10/24/2052 | 0.1% |
North Carolina Turnpike Authority | 5.000% | 12/31/2027 | 0.1% |
County Of Cuyahoga Oh | 5.000% | 02/15/2025 | 0.1% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2024 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/30/2028 | 0.1% |
Industrial Development Authority Of The County Of | 5.125% | 11/13/2029 | 0.1% |
New Jersey Educational Facilities Authority | 5.000% | 07/01/2027 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/01/2024 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/15/2027 | 0.1% |
California State Public Works Board | 5.000% | 09/30/2026 | 0.1% |
Kentucky Economic Development Finance Authority | 5.000% | 05/31/2025 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/31/2027 | 0.1% |
Public Finance Authority | 5.000% | 11/30/2027 | 0.1% |
California Municipal Finance Authority | 5.000% | 07/01/2026 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 10/30/2028 | 0.1% |
Central Plains Energy Project | 5.000% | 08/31/2027 | 0.1% |
Village Community Development District No 13 | 2.625% | 04/29/2030 | 0.1% |
Ohio Air Quality Development Authority | 4.000% | 08/30/2030 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 06/14/2025 | 0.1% |
Development Authority Of Appling County | 1.500% | 02/03/2025 | 0.1% |
Illinois Finance Authority | 5.000% | 08/30/2028 | 0.1% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/12/2035 | 0.1% |
Orange County Health Facilities Authority | 5.000% | 09/30/2027 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/15/2026 | 0.1% |
Capital Trust Agency Inc | 4.000% | 06/13/2029 | 0.1% |
New York State Dormitory Authority | 5.000% | 02/28/2030 | 0.1% |
City Of Lenexa Ks | 5.000% | 05/15/2025 | 0.1% |
Ohio Air Quality Development Authority | 1.500% | 11/04/2025 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/14/2028 | 0.1% |
Industrial Development Authority Of The County Of | 3.500% | 07/01/2025 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 06/30/2025 | 0.1% |
Oklahoma Development Finance Authority | 5.000% | 08/14/2026 | 0.1% |
Philadelphia Gas Works Co | 5.000% | 08/01/2024 | 0.1% |
Orange County Health Facilities Authority | 5.000% | 09/29/2028 | 0.1% |
Niagara Area Development Corp | 3.500% | 11/01/2024 | 0.1% |
Florida Higher Educational Facilities Financial Au | 5.000% | 03/01/2025 | 0.0% |
State Of New York Mortgage Agency Homeowner Mortga | 3.500% | 03/24/2049 | 0.0% |
Illinois Finance Authority | 5.000% | 08/30/2029 | 0.0% |
Berks County Industrial Development Authority | 5.000% | 10/31/2026 | 0.0% |
Village Community Development District No 13 | 1.875% | 05/01/2025 | 0.0% |
Oklahoma Development Finance Authority | 5.000% | 08/14/2025 | 0.0% |
Commonwealth Of Pennsylvania | 5.000% | 07/01/2025 | 0.0% |
Tulsa County Industrial Authority | 5.000% | 11/15/2026 | 0.0% |
Hospital Facilities Authority Of Multnomah County | 5.000% | 10/01/2024 | 0.0% |
Illinois Finance Authority | 5.000% | 05/15/2025 | 0.0% |
State Of Ohio | 5.000% | 01/15/2027 | 0.0% |
California State Public Works Board | 5.000% | 10/01/2027 | 0.0% |
Colorado Health Facilities Authority | 5.000% | 11/08/2049 | 0.0% |
City Of Sparks Nv | 2.750% | 06/14/2028 | 0.0% |
California State Public Works Board | 5.000% | 10/01/2026 | 0.0% |
New York State Dormitory Authority | 5.000% | 10/01/2024 | 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
- $0.22902
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 06/30/2024 | $0.03867 | $15.02 |
Daily | Daily | 05/31/2024 | $0.03860 | $14.95 |
Daily | Daily | 04/30/2024 | $0.03909 | $14.97 |
Daily | Daily | 03/31/2024 | $0.03770 | $15.03 |
Daily | Daily | 02/29/2024 | $0.03796 | $15.05 |
Daily | Daily | 01/31/2024 | $0.03701 | $15.04 |
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 |
---|---|---|---|---|---|
12/19/2013 | 12/20/2013 | $0.0121 | - | $0.0121 | $15.71 |
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
Expense Ratioas of 06/30/2024
Fund Gross Expense Ratio | 0.46% |
Fund Net Expense Ratio | 0.45% |
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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