LASMX Fees and Costs — Lord Abbett Sustainable Municipal Bond Fund, Class A
Data updated: 2025-02-28
The net expense ratio is 0.63%: a 0.32% management fee, a 0.20% 12b-1 fee plus 2.60% other expenses, less a 2.49% fee waiver. This share class carries a maximum front-end sales load of 2.25%. Portfolio turnover was 48%.
LASMX Fees and Expenses
Annual operating expenses and sales charges of LASMX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.20% |
| Other expenses | 2.60% |
| Gross expense ratio | 3.12% |
| Fee waiver | −2.49% |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
LASMX Costs Over Time
On $10,000 invested in LASMX, assuming 5% a year before costs, total costs come to $675 over 5 years, cutting the return by 1.14% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.63%) | $65 | $203 | $353 |
| Lost growth on money paid in costs | $11 | $45 | $98 |
| Total costs | $301 | $473 | $675 |
| Value after costs | $10,199 | $11,103 | $12,088 |
| Impact on return, per year | 3.01% | 1.45% | 1.14% |
LASMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $5.1M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
LASMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $1.1M | 25.55% |
| BofA Securities, Inc. | $849K | 18.87% |
| J.P. Morgan Securities LLC | $583K | 12.96% |
| Barclays Capital Inc. | $488K | 10.85% |
| Jefferies LLC | $308K | 6.85% |
| Loop Capital Markets LLC | $277K | 6.16% |
| RBC Capital Markets, LLC | $273K | 6.07% |
| Truist Securities, Inc. | $251K | 5.59% |
| Goldman Sachs & Co. LLC | $160K | 3.55% |
| UBS Securities LLC | $160K | 3.55% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.