Lebenthal Ultra Short Tax-Free Income Fund (LETAX)
The fund primarily invests in municipal securities with income exempt from federal tax, aiming to provide tax-advantaged returns for investors. Up to 20% of its assets may be in securities subject to alternative minimum tax or cash equivalents.
Fund Info
Dec 29, 2019
$250,000
Expense Ratio
LETAX has an expense ratio of 0.22%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lebenthal Ultra Short Tax-Free Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
LETAX
N/A
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^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of LETAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.22% | 0.22% | 0.12% | 0.26% | 0.67% | 0.53% | 2.02% | ||||||
| 2023 | 0.20% | 0.23% | 0.25% | 0.00% | 0.49% | 0.01% | 0.25% | 0.29% | 0.02% | 0.29% | 0.01% | 0.03% | 2.09% |
| 2022 | 0.00% | -0.10% | 0.01% | 0.02% | 0.13% | 0.04% | 0.05% | 0.12% | 0.11% | 0.18% | 0.16% | 0.25% | 0.97% |
| 2021 | 0.11% | -0.09% | 0.01% | 0.01% | 0.01% | 0.00% | 0.01% | 0.00% | -0.10% | 0.00% | 0.00% | 0.00% | -0.04% |
| 2020 | 0.05% | 0.05% | 0.17% | 0.04% | 0.10% | 0.01% | 0.01% | 0.12% | 0.02% | -0.09% | 0.11% | -0.09% | 0.50% |
| 2019 | 0.00% | 0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, LETAX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lebenthal Ultra Short Tax-Free Income Fund (LETAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lebenthal Ultra Short Tax-Free Income Fund provided a 101.89% dividend yield over the last twelve months, with an annual payout of $10.18 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $10.18 | $0.21 | $0.10 | $0.01 | $0.04 |
Dividend yield | 101.89% | 2.06% | 0.97% | 0.06% | 0.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Lebenthal Ultra Short Tax-Free Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.03 | $0.07 | $0.05 | $9.99 | $10.20 | |||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.00 | $0.03 | $0.03 | $0.00 | $0.03 | $0.00 | $0.00 | $0.21 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2020 | $0.00 | $0.01 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lebenthal Ultra Short Tax-Free Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lebenthal Ultra Short Tax-Free Income Fund was 0.25%, occurring on Feb 10, 2022. Recovery took 116 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.25% | Mar 10, 2021 | 235 | Feb 10, 2022 | 116 | Jul 29, 2022 | 351 |
| -0.1% | Mar 18, 2020 | 1 | Mar 18, 2020 | 5 | Mar 25, 2020 | 6 |
| -0.1% | Apr 2, 2020 | 1 | Apr 2, 2020 | 1 | Apr 3, 2020 | 2 |
| -0.1% | Aug 13, 2020 | 1 | Aug 13, 2020 | 11 | Aug 28, 2020 | 12 |
| -0.1% | Sep 3, 2020 | 1 | Sep 3, 2020 | 1 | Sep 4, 2020 | 2 |
Volatility
Volatility Chart
The current Lebenthal Ultra Short Tax-Free Income Fund volatility is 0.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.