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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Lord Abbett High Income Municipal Bond Fund

HYMAX | Fund

$10.75

$3.88 B

7.01%

$0.75

0.75%

Vitals

YTD Return

-17.2%

1 yr return

-9.5%

3 Yr Avg Return

0.7%

5 Yr Avg Return

3.0%

Net Assets

$3.88 B

Holdings in Top 10

10.8%

52 WEEK LOW AND HIGH

$10.8
$10.70
$13.06

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 15.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Muni

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Lord Abbett High Income Municipal Bond Fund

HYMAX | Fund

$10.75

$3.88 B

7.01%

$0.75

0.75%

HYMAX - Profile

Distributions

  • YTD Total Return -17.2%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.23%
DIVIDENDS
  • Dividend Yield 7.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett High Income Municipal Bond Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Dec 30, 2004
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Solender

Fund Description

The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax. Under normal circumstances, it seeks to maintain a dollar-weighted average maturity of between ten and twenty-five years.

HYMAX - Performance

Return Ranking - Trailing

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.2% -23.2% -0.6% 85.59%
1 Yr -9.5% -14.0% 4.4% 86.22%
3 Yr 0.7%* -2.2% 4.1% 58.56%
5 Yr 3.0%* 0.2% 4.7% 31.10%
10 Yr 4.0%* 1.8% 5.9% 38.75%

* Annualized

Return Ranking - Calendar

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
2021 3.2% -1.9% 5.6% 14.55%
2020 -0.2% -10.1% 4.2% 64.22%
2019 7.2% -0.7% 9.1% 6.60%
2018 -0.3% -5.7% 95.6% 13.40%
2017 3.1% -0.7% 8.6% 68.39%

Total Return Ranking - Trailing

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.2% -23.2% -0.6% 85.59%
1 Yr -11.5% -14.0% 4.3% 88.44%
3 Yr -0.1%* -2.2% 3.6% 73.87%
5 Yr 2.6%* 0.2% 4.7% 39.71%
10 Yr 3.8%* 1.8% 5.9% 45.63%

* Annualized

Total Return Ranking - Calendar

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
2021 3.2% -1.9% 5.6% 14.55%
2020 -0.2% -10.1% 4.2% 64.22%
2019 7.2% -0.7% 9.1% 8.49%
2018 -0.3% -5.7% 95.6% 19.59%
2017 3.1% -0.7% 9.8% 70.11%

NAV & Total Return History

HYMAX - Holdings

Concentration Analysis

HYMAX Category Low Category High HYMAX % Rank
Net Assets 3.88 B 9.79 K 20.2 B 22.77%
Number of Holdings 711 1 3950 36.16%
Net Assets in Top 10 425 M -102 M 3.41 B 21.43%
Weighting of Top 10 10.84% 1.1% 97.0% 68.61%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.79%
  2. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 1.47%
  3. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 1.27%
  4. CHICAGO ILL BRD ED 5% 1.07%
  5. NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 1.02%
  6. PUERTO RICO COMWLTH 8% 1.01%
  7. NEW YORK TRANSN DEV CORP SPL FAC REV 5% 0.97%
  8. OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REV 5% 0.91%
  9. PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 0.86%
  10. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.85%

Asset Allocation

Weighting Return Low Return High HYMAX % Rank
Bonds 		99.82% 0.00% 146.69% 24.23%
Cash 		0.18% -3.16% 100.00% 75.89%
Stocks 		0.00% 0.00% 5.80% 40.53%
Preferred Stocks 		0.00% -47.61% 0.32% 33.48%
Other 		0.00% 0.00% 0.18% 37.95%
Convertible Bonds 		0.00% 0.00% 0.00% 29.91%

Bond Sector Breakdown

Weighting Return Low Return High HYMAX % Rank
Municipal 		99.82% 0.00% 100.00% 15.63%
Cash & Equivalents 		0.18% 0.00% 100.00% 81.25%
Derivative 		0.00% 0.00% 0.02% 31.70%
Securitized 		0.00% 0.00% 22.44% 33.04%
Corporate 		0.00% 0.00% 4.15% 64.29%
Government 		0.00% 0.00% 0.09% 33.04%

Bond Geographic Breakdown

Weighting Return Low Return High HYMAX % Rank
US 		91.32% 0.00% 139.84% 52.23%
Non US 		8.50% 0.00% 21.09% 29.46%

HYMAX - Expenses

Operational Fees

HYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.05% 2.63% 53.88%
Management Fee 0.44% 0.00% 1.41% 24.23%
12b-1 Fee 0.20% 0.00% 1.00% 28.57%
Administrative Fee 0.04% 0.02% 0.35% 8.96%

Sales Fees

HYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 1.00% 4.50% 95.56%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

HYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 2.00% 121.00% 31.10%

HYMAX - Distributions

Dividend Yield Analysis

HYMAX Category Low Category High HYMAX % Rank
Dividend Yield 7.01% 0.00% 13.03% 43.61%

Dividend Distribution Analysis

HYMAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

HYMAX Category Low Category High HYMAX % Rank
Net Income Ratio 3.23% 1.11% 5.70% 47.14%

Capital Gain Distribution Analysis

HYMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

HYMAX - Fund Manager Analysis

Managers

Daniel Solender

Start Date

Tenure

Tenure Rank

Sep 14, 2006

15.72

15.7%

Mr. Solender is the lead portfolio manager of the municipal bond capabilities. Mr. Solender joined Lord Abbett in 2006 and was named Partner in 2008. His prior experience includes: Vice President and Portfolio Manager at Nuveen Investments; Principal and Portfolio Manager at Vanguard Group; Assistant Vice President and Portfolio Manager at Nuveen Advisory Corp.; Financial Analyst/Assistant Manager, Research and Product Development at Citibank. Mr. Solender received a BA from the University of Columbia and an MBA from the University of Chicago. He is the holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.

Gregory Shuman

Start Date

Tenure

Tenure Rank

Dec 31, 2014

7.42

7.4%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.34 2.52

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