Short Duration Tax Free Fund
Daily price w/o sales charge as of 08/30/2024
$15.15
$0.00
YTD Returns w/o sales charge as of 08/30/2024
2.44%
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 | 2.77% | 2.76% |
Average Yield to Worst as of 07/31/2024 |
3.86% |
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 07/31/2024
- Total Net Assets
- $1.54 B
- Inception Date
- 12/31/2008
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.66%
- Fund Net Expense Ratio
- 0.65%
- Number of Holdings
- 278
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.73% | 3.61% | 0.01% | 0.73% | 1.00% | 1.61% |
Lipper Category Avg. Short Municipal Debt Funds | 1.71% | 3.78% | 0.88% | 1.08% | 1.01% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 1.00% | 3.34% | 0.33% | 1.02% | 1.29% | 1.78% |
w/ sales charge | -0.57% | 1.31% | -0.75% | 0.27% | 0.77% | 1.46% |
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.10% | 3.18% | -0.09% | 0.71% | 0.95% | 1.58% |
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% | 0.89% | -0.86% | 0.25% | 0.72% | 1.43% |
Fund Expense Ratio :
Gross 0.66%
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 |
---|---|
VRDN | |
Healthcare/Hospital | |
IDR/PCR | |
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 07/31/2024
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
![Daniel S. Solender Daniel S. Solender](/content/dam/shared-assets/biographies/solender-dan/headshot/Solender-Dan_headshot.jpg)
![Daniel T. Vande Velde Daniel T. Vande Velde](/content/dam/shared-assets/biographies/vandevelde-dan/headshot/VandeVelde-Dan_headshot.jpg)
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Performance
Performance
Average Yield to Worst as of 07/31/2024
30-Day Standardized Yield 1 as of 07/31/2024
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 2.77% | 2.76% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.73% | 3.61% | 0.01% | 0.73% | 1.00% | 1.61% |
Lipper Category Avg. Short Municipal Debt Funds | 1.71% | 3.78% | 0.88% | 1.08% | 1.01% | - |
Bloomberg Municipal Bond Short 1-5 Year Index | 1.00% | 3.34% | 0.33% | 1.02% | 1.29% | 1.78% |
w/ sales charge | -0.57% | 1.31% | -0.75% | 0.27% | 0.77% | 1.46% |
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
Fund Expense Ratio :
Gross 0.66%
Net 0.65%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2008 |
---|
w/o sales charge | 1.10% | 3.18% | -0.09% | 0.71% | 0.95% | 1.58% |
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% | 0.89% | -0.86% | 0.25% | 0.72% | 1.43% |
Fund Expense Ratio :
Gross 0.66%
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 | Bloomberg Municipal Bond Short 1-5 Year Index |
---|
2023 | 3.19% | 3.58% |
2022 | -4.18% | -3.17% |
2021 | 0.29% | 0.37% |
2020 | 2.03% | 2.82% |
2019 | 4.06% | 3.66% |
2018 | 1.10% | 1.77% |
2017 | 1.64% | 1.61% |
2016 | -0.66% | 0.07% |
2015 | 0.71% | 1.21% |
2014 | 1.58% | 1.31% |
2013 | 0.02% | - |
2012 | 2.16% | - |
2011 | 3.46% | - |
2010 | 2.17% | - |
2009 | 6.14% | - |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | 0.37% | 0.73% | - | - |
2023 | 1.08% | 0.03% | -0.42% | 2.49% |
2022 | -3.40% | -0.92% | -1.45% | 1.60% |
2021 | 0.00% | 0.54% | -0.25% | 0.00% |
2020 | -1.67% | 1.86% | 0.96% | 0.91% |
2019 | 1.51% | 1.24% | 0.71% | 0.55% |
2018 | -0.13% | 0.51% | 0.08% | 0.63% |
2017 | 0.92% | 0.73% | 0.40% | -0.42% |
2016 | 0.52% | 0.60% | 0.01% | -1.77% |
2015 | 0.31% | -0.25% | 0.52% | 0.14% |
2014 | 0.57% | 0.56% | 0.39% | 0.06% |
2013 | 0.54% | -1.01% | 0.17% | 0.32% |
2012 | 0.75% | 0.64% | 0.74% | 0.02% |
2011 | 0.53% | 1.42% | 0.97% | 0.50% |
2010 | 0.49% | 0.95% | 1.36% | -0.63% |
2009 | 2.36% | 0.99% | 2.26% | 0.41% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 07/31/2024
The chart begins on the Fund's inception date of 12/31/2008.
Based on a hypothetical Class A share investment of $10,000 on 12/31/2008 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Sector | Assets |
---|---|
VRDN | |
Healthcare/Hospital | |
IDR/PCR | |
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 | |
CA | |
LA | |
GA | |
WI | |
OH | |
WA | |
SC | |
DE | |
MO | |
NE | |
MD | |
CO | |
TN | |
IN | |
MN | |
VA | |
KY | |
NC | |
DC | |
ID | |
NM | |
NV | |
MA | |
KS | |
UT | |
WV | |
SD | |
AZ | |
CT | |
OR | |
IA | |
ND | |
MI | |
Other U.S. Territories | |
OK |
CREDIT QUALITY DISTRIBUTION as of 07/31/2024
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 07/31/2024
- Total Net Assets
- $1.54 B
- Average Effective Duration
- 2.36 Years
- Average Effective Maturity
- 4.3 Years
- Number of Issues
- 278
- Average Yield to Worst
- 3.86%
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 | 3.930% | 08/07/2024 | 2.3% |
Wisconsin Health & Educational Facilities Authorit | 5.460% | 08/01/2024 | 1.7% |
Florida Insurance Assistance Interlocal Agency Inc | 5.000% | 08/31/2025 | 1.7% |
Louisiana Local Government Environmental Facilitie | 0.875% | 02/01/2025 | 1.7% |
Tender Option Bond Trust Receipts/Certificates | 3.930% | 08/07/2024 | 1.6% |
Lower Colorado River Authority | 5.000% | 05/11/2039 | 1.4% |
Central Plains Energy Project | 5.738% | 07/01/2029 | 1.4% |
Harris County Cultural Education Facilities Financ | 4.140% | 08/07/2024 | 1.3% |
Rib Floater Trust Various States | 3.960% | 08/07/2024 | 1.3% |
Lower Alabama Gas District/The | 4.000% | 11/24/2050 | 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 of06/28/2024
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% |
Lower Alabama Gas District/The | 4.000% | 11/22/2050 | 1.2% |
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 | 5.300% | 07/05/2024 | 1.1% |
Development Authority Of Appling County | 5.000% | 07/01/2024 | 1.1% |
New York State Thruway Authority | 5.000% | 12/29/2026 | 1.0% |
Triborough Bridge & Tunnel Authority | 5.000% | 03/15/2027 | 1.0% |
Wisconsin Health & Educational Facilities Authorit | 5.730% | 07/01/2024 | 1.0% |
Black Belt Energy Gas District | 4.000% | 09/21/2052 | 1.0% |
California Community Choice Financing Authority | 5.258% | 07/31/2028 | 1.0% |
County Of Lehigh Pa | 4.980% | 08/12/2038 | 1.0% |
Pennsylvania Higher Educational Facilities Authori | 4.700% | 07/05/2024 | 0.9% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/12/2025 | 0.8% |
Black Belt Energy Gas District | 4.000% | 11/22/2049 | 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 | 4.900% | 07/05/2024 | 0.8% |
Long Island Power Authority | 0.850% | 08/23/2050 | 0.8% |
County Of Nez Perce Id | 2.750% | 10/01/2024 | 0.7% |
Kentucky Public Energy Authority | 5.250% | 03/22/2054 | 0.7% |
Harris County Cultural Education Facilities Financ | 4.730% | 12/01/2026 | 0.7% |
Long Island Power Authority | 5.000% | 08/22/2052 | 0.7% |
Health & Educational Facilities Authority Of The S | 5.000% | 05/26/2039 | 0.7% |
State Of New Jersey | 5.000% | 05/29/2027 | 0.7% |
Delaware State Economic Development Authority | 1.250% | 09/23/2045 | 0.7% |
City Of Newark Nj | 5.000% | 09/27/2024 | 0.7% |
State Of Illinois | 5.000% | 11/28/2025 | 0.7% |
California Municipal Finance Authority | 5.000% | 11/01/2026 | 0.7% |
City Of Jersey City Nj | 4.500% | 07/10/2025 | 0.7% |
State Of Ohio | 4.410% | 07/05/2024 | 0.7% |
Rib Floater Trust Various States | 4.230% | 07/05/2024 | 0.7% |
Florida Insurance Assistance Interlocal Agency Inc | 4.670% | 07/05/2024 | 0.7% |
Philadelphia Authority For Industrial Development | 4.700% | 07/05/2024 | 0.7% |
State Of Ohio | 4.410% | 07/05/2024 | 0.7% |
University Of Colorado | 2.000% | 10/15/2024 | 0.6% |
County Of Jefferson Al Sewer Revenue | 5.000% | 09/25/2037 | 0.6% |
City Of New York Ny | 4.900% | 07/05/2024 | 0.6% |
California Community Choice Financing Authority | 5.250% | 10/22/2054 | 0.6% |
Delaware State Economic Development Authority | 1.250% | 09/24/2040 | 0.6% |
Ohio Air Quality Development Authority | 2.400% | 11/25/2038 | 0.6% |
County Of Clark Nv | 5.000% | 06/25/2037 | 0.6% |
Illinois Finance Authority | 5.000% | 08/05/2052 | 0.6% |
Tender Option Bond Trust Receipts/Certificates | 4.200% | 07/05/2024 | 0.6% |
Shelby County Health Educational & Housing Facilit | 5.000% | 08/23/2049 | 0.6% |
California Health Facilities Financing Authority | 5.000% | 11/25/2037 | 0.6% |
Citizens Memorial Hospital District | 5.000% | 12/01/2026 | 0.6% |
City Of San Antonio Tx Electric & Gas Systems Reve | 5.000% | 01/26/2037 | 0.6% |
New Mexico Municipal Energy Acquisition Authority | 5.000% | 05/01/2025 | 0.5% |
City Of Dallas Tx | 5.000% | 02/12/2027 | 0.5% |
Parish Of St John The Baptist La | 2.100% | 07/01/2024 | 0.5% |
Montgomery County Industrial Development Authority | 4.100% | 03/21/2053 | 0.5% |
Massachusetts Bay Transportation Authority Sales T | 5.000% | 06/25/2038 | 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% |
State Of Illinois | 5.000% | 02/26/2027 | 0.5% |
Washington Health Care Facilities Authority | 5.000% | 07/23/2049 | 0.5% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/26/2036 | 0.5% |
Development Authority Of Burke County/The | 3.375% | 03/12/2027 | 0.5% |
New York State Housing Finance Agency | 0.750% | 10/29/2025 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 06/01/2025 | 0.5% |
South Dakota Housing Development Authority | 6.250% | 04/21/2055 | 0.5% |
State Of Illinois | 5.000% | 10/28/2030 | 0.5% |
Seattle Housing Authority | 5.000% | 09/01/2026 | 0.5% |
City Of Chicago Il | 5.000% | 12/29/2025 | 0.5% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/15/2024 | 0.5% |
Minnesota Housing Finance Agency | 5.000% | 06/21/2053 | 0.5% |
Louisiana State Citizens Property Insurance Corp | 5.000% | 05/29/2026 | 0.5% |
Harris County Cultural Education Facilities Financ | 5.000% | 06/25/2037 | 0.4% |
City Of Chicago Il | 5.000% | 12/29/2026 | 0.4% |
City Of Houston Tx | 5.000% | 02/26/2027 | 0.4% |
California Infrastructure & Economic Development B | 4.580% | 06/01/2026 | 0.4% |
Energy Southeast A Cooperative District | 5.250% | 06/21/2054 | 0.4% |
Allegheny County Industrial Development Authority | 4.875% | 11/01/2024 | 0.4% |
Minnesota Housing Finance Agency | 6.250% | 06/21/2054 | 0.4% |
State Of Illinois | 5.000% | 01/29/2028 | 0.4% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/10/2036 | 0.4% |
Parish Of St John The Baptist La | 2.125% | 07/01/2024 | 0.4% |
North Carolina Housing Finance Agency | 6.250% | 12/22/2054 | 0.4% |
Delaware State Economic Development Authority | 1.050% | 12/28/2030 | 0.4% |
Development Authority Of Monroe County/The | 3.875% | 03/06/2026 | 0.4% |
Delaware Valley Regional Finance Authority | 4.280% | 03/01/2026 | 0.4% |
Triborough Bridge & Tunnel Authority | 5.000% | 05/06/2051 | 0.4% |
Port Of Port Arthur Navigation District | 5.050% | 07/05/2024 | 0.4% |
North Texas Tollway Authority | 5.000% | 12/29/2025 | 0.4% |
Colorado Housing And Finance Authority | 3.000% | 04/22/2051 | 0.4% |
School District Of Broward County/Fl | 5.000% | 06/26/2035 | 0.4% |
City Of Colby Ks | 5.500% | 06/28/2026 | 0.4% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/25/2039 | 0.4% |
Harris County Cultural Education Facilities Financ | 5.000% | 06/22/2049 | 0.4% |
State Of Illinois | 5.000% | 03/01/2025 | 0.4% |
Development Authority Of Burke County/The | 2.875% | 11/22/2049 | 0.4% |
Southern California Public Power Authority | 5.000% | 03/22/2055 | 0.4% |
State Of Washington | 5.000% | 07/28/2028 | 0.4% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/09/2036 | 0.4% |
Pittsburgh Water & Sewer Authority | 5.000% | 08/26/2037 | 0.4% |
New York State Urban Development Corp | 5.000% | 03/09/2038 | 0.3% |
State Of Illinois | 5.000% | 10/29/2027 | 0.3% |
State Of Maryland | 4.000% | 07/28/2028 | 0.3% |
Hospitals & Higher Education Facilities Authority | 5.000% | 06/28/2027 | 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% |
Texas Municipal Gas Acquisition & Supply Corp Iv | 5.250% | 06/30/2029 | 0.3% |
County Of Cook Il | 4.000% | 11/12/2026 | 0.3% |
Energy Southeast A Cooperative District | 2.870% | 10/31/2031 | 0.3% |
State Of Illinois | 5.000% | 04/24/2037 | 0.3% |
Wisconsin Health & Educational Facilities Authorit | 4.200% | 08/11/2028 | 0.3% |
Jersey City Municipal Utilities Authority | 5.000% | 05/01/2025 | 0.3% |
Louisiana Stadium & Exposition District | 5.000% | 06/25/2036 | 0.3% |
City Of Seattle Wa Municipal Light & Power Revenue | 4.130% | 11/01/2026 | 0.3% |
Main Street Natural Gas Inc | 5.000% | 05/15/2025 | 0.3% |
Chicago O'Hare International Airport | 5.000% | 12/28/2030 | 0.3% |
Parish Of St John The Baptist La | 4.050% | 05/25/2037 | 0.3% |
Charlotte-Mecklenburg Hospital Authority/The | 5.000% | 01/06/2050 | 0.3% |
Intermountain Power Agency | 5.000% | 06/25/2036 | 0.3% |
Central Texas Turnpike System | 5.000% | 08/11/2031 | 0.3% |
South Carolina Jobs-Economic Development Authority | 5.000% | 10/26/2037 | 0.3% |
California State University | 0.550% | 10/23/2049 | 0.3% |
Parish Of St John The Baptist La | 2.375% | 05/25/2037 | 0.3% |
Illinois Finance Authority | 4.917% | 09/01/2025 | 0.3% |
Indiana Finance Authority | 0.650% | 07/29/2025 | 0.3% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/12/2028 | 0.3% |
Maricopa County Industrial Development Authority | 4.450% | 10/18/2024 | 0.3% |
City Of Hutto Tx | 5.000% | 07/30/2034 | 0.3% |
State Of Illinois | 5.000% | 02/26/2026 | 0.3% |
City Of Lees Summit Mo | 5.000% | 04/01/2027 | 0.3% |
Black Belt Energy Gas District | 5.250% | 04/21/2055 | 0.3% |
New Jersey Economic Development Authority | 5.000% | 06/12/2026 | 0.3% |
State Of Illinois | 5.000% | 03/01/2025 | 0.3% |
Intermountain Power Agency | 5.000% | 06/25/2037 | 0.3% |
Northside Independent School District | 3.450% | 07/22/2054 | 0.3% |
Virginia Beach Development Authority | 5.375% | 08/28/2029 | 0.3% |
Long Island Power Authority | 1.650% | 09/01/2024 | 0.3% |
Minnesota Housing Finance Agency | 6.500% | 12/22/2054 | 0.3% |
Portland Community College District | 5.000% | 06/09/2038 | 0.3% |
Brevard County Health Facilities Authority | 5.000% | 03/29/2028 | 0.3% |
New Jersey Housing & Mortgage Finance Agency | 6.000% | 09/21/2055 | 0.3% |
Brevard County Health Facilities Authority | 5.000% | 03/29/2027 | 0.2% |
New York State Housing Finance Agency | 0.750% | 10/29/2025 | 0.2% |
City Of Houston Tx Combined Utility System Revenue | 5.000% | 11/09/2038 | 0.2% |
Development Authority Of Burke County/The | 1.500% | 02/03/2025 | 0.2% |
Maryland Economic Development Corp | 5.750% | 08/29/2025 | 0.2% |
Parish Of St James La | 5.850% | 06/01/2025 | 0.2% |
Peninsula Ports Authority | 3.800% | 10/01/2024 | 0.2% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/25/2037 | 0.2% |
City Of Rockport In | 3.050% | 06/01/2025 | 0.2% |
Northampton County General Purpose Authority | 5.000% | 08/12/2027 | 0.2% |
Texas State Affordable Housing Corp | 3.625% | 01/01/2027 | 0.2% |
Wisconsin Health & Educational Facilities Authorit | 5.000% | 02/10/2029 | 0.2% |
E-470 Public Highway Authority | 3.908% | 08/30/2024 | 0.2% |
California State Public Works Board | 5.000% | 09/28/2027 | 0.2% |
Virginia Resources Authority | 5.000% | 10/30/2034 | 0.2% |
Washington Convention & Sports Authority | 5.000% | 09/27/2030 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 06/12/2028 | 0.2% |
Louisiana Stadium & Exposition District | 5.000% | 06/26/2035 | 0.2% |
State Of Illinois | 5.000% | 10/29/2025 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 02/27/2028 | 0.2% |
State Of Washington | 5.000% | 06/28/2027 | 0.2% |
Industrial Development Board Of The City Of Mobile | 1.000% | 06/26/2025 | 0.2% |
Connecticut Housing Finance Authority | 4.000% | 05/06/2049 | 0.2% |
Commonwealth Financing Authority | 5.000% | 06/01/2025 | 0.2% |
South Carolina Jobs-Economic Development Authority | 5.250% | 11/11/2028 | 0.2% |
New Jersey Health Care Facilities Financing Author | 5.000% | 06/25/2038 | 0.2% |
North Dakota Housing Finance Agency | 4.000% | 12/23/2049 | 0.2% |
Ohio Housing Finance Agency | 4.500% | 02/20/2050 | 0.2% |
Virginia Resources Authority | 5.000% | 10/30/2034 | 0.2% |
Northside Independent School District | 1.600% | 08/01/2024 | 0.2% |
Illinois Housing Development Authority | 4.000% | 06/01/2025 | 0.2% |
County Of Lake Il | 4.000% | 11/29/2027 | 0.2% |
Connecticut Housing Finance Authority | 6.250% | 05/05/2054 | 0.2% |
Selma Industrial Development Board | 2.000% | 10/01/2024 | 0.2% |
State Of Ohio | 5.000% | 11/28/2027 | 0.2% |
Allegheny County Hospital Development Authority | 5.000% | 03/29/2026 | 0.2% |
Central Texas Regional Mobility Authority | 5.000% | 07/28/2024 | 0.2% |
Michigan State Housing Development Authority | 4.250% | 11/22/2049 | 0.2% |
Iowa Finance Authority | 4.750% | 07/25/2042 | 0.2% |
Allentown Neighborhood Improvement Zone Developmen | 5.000% | 04/28/2028 | 0.2% |
City Of Farmington Nm | 3.900% | 05/26/2040 | 0.2% |
Port Authority Of New York & New Jersey | 3.000% | 11/28/2027 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/12/2026 | 0.2% |
State Of Maryland Department Of Transportation | 5.000% | 09/28/2027 | 0.2% |
Metropolitan Transportation Authority | 5.000% | 11/12/2026 | 0.2% |
City Of Houston Tx Combined Utility System Revenue | 5.000% | 11/09/2037 | 0.2% |
New York State Dormitory Authority | 5.000% | 10/01/2024 | 0.1% |
State Of Illinois | 5.000% | 09/27/2029 | 0.1% |
Tarrant County Cultural Education Facilities Finan | 5.000% | 11/05/2052 | 0.1% |
Minnesota Housing Finance Agency | 4.250% | 06/22/2049 | 0.1% |
Lower Colorado River Authority | 5.000% | 05/12/2027 | 0.1% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/09/2036 | 0.1% |
Massachusetts Development Finance Agency | 5.000% | 07/01/2024 | 0.1% |
Matching Fund Special Purpose Securitization Corp | 5.000% | 09/28/2026 | 0.1% |
North Carolina Housing Finance Agency | 4.000% | 12/23/2049 | 0.1% |
City Of Seneca Ks | 5.000% | 06/01/2025 | 0.1% |
Berks County Municipal Authority/The | 5.000% | 01/26/2040 | 0.1% |
Chicago Transit Authority Capital Grant Receipts R | 5.000% | 06/01/2025 | 0.1% |
Washington Health Care Facilities Authority | 5.280% | 07/01/2024 | 0.1% |
New York City Industrial Development Agency | 4.237% | 03/01/2026 | 0.1% |
Clifton Higher Education Finance Corp | 5.250% | 08/11/2028 | 0.1% |
Ohio Air Quality Development Authority | 1.900% | 10/01/2024 | 0.1% |
Colorado Health Facilities Authority | 5.000% | 11/06/2049 | 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% | 08/28/2029 | 0.1% |
Metropolitan Transportation Authority | 5.000% | 11/12/2026 | 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% | 06/27/2028 | 0.1% |
Missouri Housing Development Commission | 3.250% | 10/22/2052 | 0.1% |
North Carolina Turnpike Authority | 5.000% | 12/29/2027 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/28/2028 | 0.1% |
County Of Cuyahoga Oh | 5.000% | 02/15/2025 | 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% |
Industrial Development Authority Of The County Of | 5.125% | 11/11/2029 | 0.1% |
California State Public Works Board | 5.000% | 09/28/2026 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/15/2027 | 0.1% |
New York State Dormitory Authority | 5.000% | 08/29/2027 | 0.1% |
Louisiana Public Facilities Authority | 5.000% | 04/09/2037 | 0.1% |
Kentucky Economic Development Finance Authority | 5.000% | 06/01/2025 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 10/28/2028 | 0.1% |
California Municipal Finance Authority | 5.000% | 07/01/2026 | 0.1% |
Public Finance Authority | 5.000% | 11/28/2027 | 0.1% |
Central Plains Energy Project | 5.000% | 08/29/2027 | 0.1% |
Village Community Development District No 13 | 2.625% | 04/27/2030 | 0.1% |
Ohio Air Quality Development Authority | 4.000% | 08/28/2030 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 06/15/2025 | 0.1% |
Development Authority Of Appling County | 1.500% | 02/03/2025 | 0.1% |
Washington Metropolitan Area Transit Authority Ded | 5.000% | 07/10/2035 | 0.1% |
Illinois Finance Authority | 5.000% | 08/28/2028 | 0.1% |
Pennsylvania Economic Development Financing Author | 5.250% | 11/25/2038 | 0.1% |
Orange County Health Facilities Authority | 5.000% | 09/28/2027 | 0.1% |
Clifton Higher Education Finance Corp | 5.000% | 08/15/2026 | 0.1% |
New York State Dormitory Authority | 5.000% | 02/28/2030 | 0.1% |
Capital Trust Agency Inc | 4.000% | 06/10/2029 | 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% |
Massachusetts Development Finance Agency | 5.000% | 06/28/2025 | 0.1% |
Oklahoma Development Finance Authority | 5.000% | 08/12/2026 | 0.1% |
Orange County Health Facilities Authority | 5.000% | 09/27/2028 | 0.1% |
Philadelphia Gas Works Co | 5.000% | 08/01/2024 | 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% | 03/22/2049 | 0.0% |
Illinois Finance Authority | 5.000% | 08/28/2029 | 0.0% |
Village Community Development District No 13 | 1.875% | 05/01/2025 | 0.0% |
Berks County Industrial Development Authority | 5.000% | 10/29/2026 | 0.0% |
Oklahoma Development Finance Authority | 5.000% | 08/12/2025 | 0.0% |
Commonwealth Of Pennsylvania | 5.000% | 07/01/2025 | 0.0% |
Tulsa County Industrial Authority | 5.000% | 11/15/2026 | 0.0% |
Industrial Development Authority Of The County Of | 3.500% | 07/01/2025 | 0.0% |
New York City Housing Development Corp | 0.700% | 11/01/2024 | 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% | 11/06/2049 | 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 08/30/2024
- $0.24852
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 07/31/2024 | $0.03447 | $15.08 |
Daily | Daily | 06/30/2024 | $0.03620 | $15.02 |
Daily | Daily | 05/31/2024 | $0.03606 | $14.95 |
Daily | Daily | 04/30/2024 | $0.03663 | $14.96 |
Daily | Daily | 03/31/2024 | $0.03515 | $15.02 |
Daily | Daily | 02/29/2024 | $0.03557 | $15.04 |
Daily | Daily | 01/31/2024 | $0.03445 | $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 | 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
Sales Charge Schedule as of 08/30/2024
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $15.50 |
$100,000 to $249,999 | 1.75% | 1.50% | $15.42 |
Greater than $250,000 | 0.00% | 1.00% | $15.15 |
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 07/31/2024
Fund Gross Expense Ratio | 0.66% |
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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