LISMX Fees and Costs — Lord Abbett Sustainable Municipal Bond Fund, Class I
Data updated: 2025-02-28
The net expense ratio is 0.43%: a 0.32% management fee plus 2.60% other expenses, less a 2.49% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 48%.
LISMX Fees and Expenses
Annual operating expenses and sales charges of LISMX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.60% |
| Gross expense ratio | 2.92% |
| Fee waiver | −2.49% |
| Net expense ratio | 0.43% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
LISMX Costs Over Time
On $10,000 invested in LISMX, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% 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 |
| Fund expenses (net expense ratio 0.43%) | $45 | $142 | $247 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,428 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
LISMX 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
LISMX 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.