Performance
Fees
*Source: February 2023 Annual Report. DCM ADVISORS, LLC (THE “ADVISOR”) HAS ENTERED INTO AN EXPENSE LIMITATION AGREEMENT WITH THE LEBENTHAL FUND HAS CONTRACTUALLY AGREED TO REDUCE THE AMOUNT OF THE INVESTMENT ADVISORY FEES TO BE PAID TO THE ADVISOR BY THE LEBENTHAL FUND AND TO ASSUME OTHER EXPENSES OF THE LEBENTHAL FUND, TO NOT MORE THAN 0.49% OF THE AVERAGE DAILY NET ASSETS OF EACH CLASS OF SHARES FOR THE PERIOD ENDING DECEMBER 31, 2023.
Portfolio Stats
Asset Type
Top 10 States
Sector Breakdown
Top 10 Holdings
Credit Quality
SHORT TERM EQUIVALENT — MOODY’S AND S&P HAVE SHORT TERM RATINGS (VMIG1/A-1+) WHICH CORRESPOND TO AAA (A LONG TERM RATING)
100% INVESTMENT GRADE PURCHASE
FROM THE PROSPECTUS:
“The securities in which the Fund invests must, at the time of investment, be rated as investment grade, as determined by the various rating agencies, or if unrated, of comparable quality as determined by the Advisor. Investment grade securities carry a minimum rating of Baa3, BBB–, or BBB– by Moody’s Investors Service Inc. (Moody’s), S&P Global Ratings (S&P), or Fitch Ratings, Inc. (Fitch), respectively, or the equivalent by another nationally recognized statistical rating organization (NRSRO). A security’s quality is determined at the time of purchase and securities that are rated investment grade or the unrated equivalent may be downgraded or decline in credit quality such that subsequently they would be deemed to be below investment grade. If a security’s credit rating is downgraded after the Fund’s investment, the Advisor will monitor the situation to decide if the Fund needs to take any action. The Fund may choose to retain or sell securities that are downgraded or decline in credit quality to below investment grade.”
General Hypothetical Tax-Free Yield Examples
