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Morningstar

Lebenthal Ultra Short Tax-Free Inc I LETAX

Morningstar Medalist Rating
Medalist Rating as of | See DCM Investment Hub
  • NAV / 1-Day Return 9.99  /  +0.01 %
  • Total Assets 10.9 Mil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 3.13%
  • Effective Duration 0.05 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis LETAX

Will LETAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LETAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LETAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of LETAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Lebenthal Ultra Short Tax-Free Inc I's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LETAX

More LETAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 64.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HAYS TEX CONS INDPT SCH DIST 5%

11.46 1.0 Mil
municipal

FORT BEND TEX INDPT SCH DIST 3.65%

11.46 1.0 Mil
municipal

PHILADELPHIA PA 5%

10.02 875,000
Cash and Equivalents

JEA FLA WTR & SWR SYS REV 4.65%

8.01 700,000
municipal

UNIVERSITY N MEX UNIV REVS 3.9%

6.87 600,000
municipal

FAIRFAX CNTY VA ECONOMIC DEV AUTH REV 4.25%

5.72 500,000
municipal

UNIVERSITY CONN 5%

5.21 455,308
municipal

ALLEN CNTY OHIO HOSP FACS REV 4.1%

4.35 380,000
municipal

NEW YORK ST URBAN DEV CORP REV 5%

4.02 350,716
municipal

MASSACHUSETTS ST HSG FIN AGY HSG REV 4.65%

4.01 350,000
municipal