Objective
Seeks to provide current income that is generally exempt from federal income taxes, and long-term total return.
Overview
A municipal bond fund that seeks to provide a diversified approach to income that is typically exempt from federal taxes, and long-term total return.
Actively Managing Municipals
With the ability to draw on the bond, equity, and macroeconomic experts at Wellington Management, the portfolio managers seek to exploit inefficiencies across more than a million bonds in the municipal bond markets and build a portfolio that is diversified by geography, sector, and credit quality.
Diversify Your Fixed Income
A majority of the Fund is invested in investment-grade municipals, consisting of a variety of high-quality revenue and tax-backed issues. These quality holdings are complemented by opportunistic high-yield municipal bonds to help enhance the Fund’s income.
AtTractive Tax-Exempt income
Income from the Fund is generally exempt from federal taxes, making it attractive to investors concerned by the impact of taxes on their returns.
The portfolio managers are supported by the full resources of Wellington.
Brad Libby
Managing Director, Fixed-Income Portfolio Manager
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: 05/31/2007
Characteristics
Dividend Frequency | Monthly |
# of Holdings | 779 |
Yield to Worst (%) | 3.93% |
Effective Duration | 5.38 yrs |
Aaa/AAA | 9 |
Aa/AA | 28 |
A | 37 |
Baa/BBB | 11 |
Ba/BB | 3 |
B | 0 |
Caa/CCC or lower | 0 |
Not Rated | 8 |
Cash & Cash Offsets | 2 |
Distribution Yield at NAV | 2.91 |
30-Day SEC Yield | 3.27 |
Unsubsidized 30-Day SEC Yield
|
3.27 |
Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
---|---|---|---|---|---|
5/31/2023 | 8.15 | $0.0198 | $0.0000 | $0.0000 | $0.0198 |
4/28/2023 | 8.22 | $0.0195 | $0.0000 | $0.0000 | $0.0195 |
3/31/2023 | 8.24 | $0.0193 | $0.0000 | $0.0000 | $0.0193 |
2/28/2023 | 8.11 | $0.0200 | $0.0000 | $0.0000 | $0.0200 |
1/31/2023 | 8.30 | $0.0187 | $0.0000 | $0.0000 | $0.0187 |
12/30/2022 | 8.10 | $0.0184 | $0.0000 | $0.0000 | $0.0184 |
12/16/2022 | 8.18 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
11/30/2022 | 8.11 | $0.0181 | $0.0000 | $0.0000 | $0.0181 |
10/31/2022 | 7.80 | $0.0175 | $0.0000 | $0.0000 | $0.0175 |
9/30/2022 | 7.89 | $0.0168 | $0.0000 | $0.0000 | $0.0168 |
8/31/2022 | 8.20 | $0.0160 | $0.0000 | $0.0000 | $0.0160 |
7/29/2022 | 8.38 | $0.0155 | $0.0000 | $0.0000 | $0.0155 |
6/30/2022 | 8.19 | $0.0152 | $0.0000 | $0.0000 | $0.0152 |
Insights
Fund Literature
Diversification does not ensure a profit or protect against a loss in a declining market.
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