Objective
Seeks to provide current income that is generally exempt from federal income taxes, and long-term total return, through investments within a sustainability framework.
Overview
A municipal bond fund with a sustainability focus that is generally diversified across states, sectors, and credit quality.
The portfolio managers are supported by the full resources of Wellington.
Performance
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SI = Since Inception. Fund Inception: 05/29/2015
Returns prior to 4/30/21 reflect the Fund’s performance when it pursued a different objective and principal investment strategy.
Characteristics
Dividend Frequency | Monthly |
---|
FUND | Bloomberg Municipal Bond Index | |
---|---|---|
Yield to Worst (%) | 3.89% | 3.47% |
Effective Duration | 5.90 yrs | 5.96 yrs |
Distribution Yield at NAV | 1.97 |
30-Day SEC Yield | 2.03 |
Unsubsidized 30-Day SEC Yield
|
1.87 |
California Municipal Finance Auth, CA, Rev | 2.51 |
Central Texas Regional Mobility Auth, TX, Rev | 2.22 |
Massachusetts Dev Finance Agency, MA, Rev | 2.15 |
Municipal Electric Auth of Georgia, GA, Rev | 2.06 |
State of Illinois, IL, GO | 2.01 |
Chicago Board of Education, IL, GO | 1.95 |
Metropolitan Transportation Auth, NY, Rev | 1.84 |
California Community Choice Financing Auth, CA, Rev | 1.75 |
Public Finance Auth, WI, Rev | 1.74 |
South Carolina Jobs-Economic Dev Auth, SC, Rev | 1.69 |
Total Portfolio % | 19.92 |
Aaa/AAA | 7 |
Aa/AA | 30 |
A | 38 |
Baa/BBB | 11 |
Ba/BB | 6 |
B | 0 |
Caa/CCC or lower | 0 |
Not Rated | 3 |
Cash & Cash Offsets | 4 |
Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
---|---|---|---|---|---|
9/30/2024 | 10.18 | $0.0167 | $0.0000 | $0.0000 | $0.0167 |
8/30/2024 | 10.10 | $0.0156 | $0.0000 | $0.0000 | $0.0156 |
7/31/2024 | 10.05 | $0.0157 | $0.0000 | $0.0000 | $0.0157 |
6/28/2024 | 9.98 | $0.0160 | $0.0000 | $0.0000 | $0.0160 |
5/31/2024 | 9.83 | $0.0155 | $0.0000 | $0.0000 | $0.0155 |
4/30/2024 | 9.86 | $0.0151 | $0.0000 | $0.0000 | $0.0151 |
3/28/2024 | 9.99 | $0.0151 | $0.0000 | $0.0000 | $0.0151 |
2/29/2024 | 10.00 | $0.0165 | $0.0000 | $0.0000 | $0.0165 |
1/31/2024 | 10.00 | $0.0156 | $0.0000 | $0.0000 | $0.0156 |
12/29/2023 | 10.03 | $0.0149 | $0.0000 | $0.0000 | $0.0149 |
12/15/2023 | 9.98 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
11/30/2023 | 9.80 | $0.0156 | $0.0000 | $0.0000 | $0.0156 |
10/31/2023 | 9.28 | $0.0151 | $0.0000 | $0.0000 | $0.0151 |
Insights
Fund Literature
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