LSMFX Fees and Costs — Lord Abbett Sustainable Municipal Bond Fund, Class F
Data updated: 2025-02-28
The net expense ratio is 0.53%: a 0.32% management fee, a 0.10% 12b-1 fee plus 2.60% other expenses, less a 2.49% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 48%.
LSMFX Fees and Expenses
Annual operating expenses and sales charges of LSMFX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.10% |
| Other expenses | 2.60% |
| Gross expense ratio | 3.02% |
| Fee waiver | −2.49% |
| Net expense ratio | 0.53% |
| 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 |
LSMFX Costs Over Time
On $10,000 invested in LSMFX, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% 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 0.53%) | $56 | $174 | $304 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
LSMFX 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
LSMFX 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.