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.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
LETAX
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^GSPC (Benchmark)
-1.34%
5.80%
-2.79%
9.39%
13.76%
14.45%
10.68%
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% | -0.02% | 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.
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Dividends
Dividend History
Lebenthal Ultra Short Tax-Free Income Fund provided a 101.20% dividend yield over the last twelve months, with an annual payout of $10.11 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $10.11 | $0.21 | $0.10 | $0.01 | $0.04 |
Dividend yield | 101.20% | 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.
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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 chart below shows the rolling one-month volatility.
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