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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$10.67

$3.88 B

4.11%

$0.44

0.75%

Vitals

YTD Return

-17.9%

1 yr return

-17.9%

3 Yr Avg Return

-5.3%

5 Yr Avg Return

-2.0%

Net Assets

$3.88 B

Holdings in Top 10

10.8%

52 WEEK LOW AND HIGH

$10.6
$9.89
$13.00

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

Exp Ratio

Watchlist

$10.67

$3.88 B

4.11%

$0.44

0.75%

HYMAX - Profile

Distributions

  • YTD Total Return -17.9%
  • 3 Yr Annualized Total Return -5.3%
  • 5 Yr Annualized Total Return -2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.23%
DIVIDENDS
  • Dividend Yield 4.1%
  • 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 -17.9% -23.9% -1.2% 81.53%
1 Yr -17.9% -24.1% 4.4% 80.54%
3 Yr -5.3%* -9.9% 4.1% 74.77%
5 Yr -2.0%* -5.5% 3.4% 36.08%
10 Yr -1.4%* -3.9% 4.3% 51.20%

* Annualized

Return Ranking - Calendar

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
2021 3.2% -1.9% 7.6% 15.91%
2020 -0.1% -5.2% 2.1% 65.14%
2019 2.4% -0.2% 5.7% 8.49%
2018 -0.1% -4.1% 3.4% 13.40%
2017 0.6% -0.1% 2.6% 69.54%

Total Return Ranking - Trailing

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.9% -23.9% -1.2% 81.53%
1 Yr -17.9% -24.1% 0.4% 80.54%
3 Yr -5.3%* -9.9% 3.2% 74.77%
5 Yr -2.0%* -5.1% 3.0% 42.27%
10 Yr -1.4%* -3.9% 4.3% 54.40%

* Annualized

Total Return Ranking - Calendar

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
2021 3.2% -1.9% 7.6% 15.91%
2020 -0.1% -5.2% 2.1% 65.14%
2019 2.4% -0.2% 5.7% 10.38%
2018 -0.1% -4.1% 3.4% 19.59%
2017 0.6% -0.1% 2.6% 71.26%

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 21.43%
Number of Holdings 711 1 3950 34.82%
Net Assets in Top 10 425 M -102 M 3.41 B 20.09%
Weighting of Top 10 10.84% 1.1% 97.0% 67.26%

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% 22.91%
Cash
0.18% -3.16% 100.00% 74.55%
Stocks
0.00% 0.00% 5.80% 31.72%
Preferred Stocks
0.00% -47.61% 0.32% 18.75%
Other
0.00% 0.00% 0.18% 24.55%
Convertible Bonds
0.00% 0.00% 0.00% 15.63%

Bond Sector Breakdown

Weighting Return Low Return High HYMAX % Rank
Municipal
99.82% 0.00% 100.00% 14.29%
Cash & Equivalents
0.18% 0.00% 100.00% 79.91%
Derivative
0.00% 0.00% 0.02% 18.75%
Securitized
0.00% 0.00% 22.44% 20.09%
Corporate
0.00% 0.00% 4.15% 58.48%
Government
0.00% 0.00% 0.09% 20.09%

Bond Geographic Breakdown

Weighting Return Low Return High HYMAX % Rank
US
91.32% 0.00% 139.84% 50.89%
Non US
8.50% 0.00% 21.09% 28.13%

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% 22.91%
12b-1 Fee 0.20% 0.00% 1.00% 26.05%
Administrative Fee 0.04% 0.02% 0.35% 5.97%

Sales Fees

HYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 1.00% 4.50% 91.11%
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% 30.14%

HYMAX - Distributions

Dividend Yield Analysis

HYMAX Category Low Category High HYMAX % Rank
Dividend Yield 4.11% 0.00% 13.44% 41.85%

Dividend Distribution Analysis

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

Distributions 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