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HYMAX Lord Abbett High Yield Municipal Bond A

  • Fund
  • HYMAX
  • Price as of: Jun 14, 2019
  • $12.34 - $0.00 - 0.00%
  • Category
  • High Yield Municipal Bonds

HYMAX - Profile

Vitals

  • YTD Return 4.9%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 1.3%
  • Net Assets $2.72 B
  • Holdings in Top 10 10.0%

52 WEEK LOW AND HIGH

$12.34
$11.67
$12.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 30.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

High Yield Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.09%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Lord Abbett High Yield 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 S. 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. The fund is non-diversified.

HYMAX - Performance

Return Ranking - Trailing

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% 1.5% 6.6% 10.24%
1 Yr 3.6% -0.4% 6.6% 8.66%
3 Yr 0.7%* -2.2% 2.4% 12.30%
5 Yr 1.3%* -0.5% 2.0% 31.97%
10 Yr 1.9%* 0.8% 6.5% 71.08%

* Annualized


Return Ranking - Calendar

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.3% -5.6% 4.2% 11.20%
2017 3.1% 0.0% 8.6% 69.60%
2016 -1.7% -6.7% -1.2% 11.48%
2015 -1.0% -2.0% 2.9% 87.70%
2014 9.2% 3.6% 83.0% 54.24%

Total Return Ranking - Trailing

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% 1.4% 6.7% 14.17%
1 Yr 3.6% -0.4% 7.2% 13.39%
3 Yr 0.7%* -2.1% 3.2% 18.03%
5 Yr 1.3%* -0.5% 5.3% 37.70%
10 Yr 1.9%* 0.8% 7.3% 71.08%

* Annualized


Total Return Ranking - Calendar

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.3% -3.7% 4.2% 16.00%
2017 3.1% 0.0% 9.8% 69.60%
2016 -1.7% -4.6% 0.8% 17.21%
2015 -1.0% -2.0% 5.3% 87.70%
2014 9.2% 3.6% 83.0% 54.24%

NAV & Total Return History

HYMAX - Holdings

Concentration Analysis

HYMAX Category Low Category High HYMAX % Rank
Net Assets 2.72 B 45.7 M 18.9 B 29.92%
Number of Holdings 568 42 3378 35.43%
Net Assets in Top 10 251 M 4.84 M 2.12 B 26.77%
Weighting of Top 10 10.00% 4.3% 39.1% 74.02%

Top 10 Holdings

  1. NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 1.53%

  2. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.08%

  3. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.13% 1.08%

  4. IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 5.25% 1.07%

  5. PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7% 0.96%

  6. JEFFERSON CNTY ALA SWR REV 6.5% 0.95%

  7. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25% 0.92%

  8. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.88% 0.81%

  9. CHICAGO ILL 6% 0.81%

  10. LOWER ALA GAS DIST GAS PROJ REV 5% 0.78%


Asset Allocation

Weighting Return Low Return High HYMAX % Rank
Bonds
99.89% 81.91% 103.81% 23.62%
Cash
0.11% -3.81% 18.09% 74.80%
Stocks
0.00% 0.00% 0.55% 28.35%
Preferred Stocks
0.00% 0.00% 0.42% 25.20%
Other
0.00% 0.00% 1.02% 28.35%
Convertible Bonds
0.00% 0.00% 0.00% 23.62%

Bond Sector Breakdown

Weighting Return Low Return High HYMAX % Rank
Municipal
99.89% 91.17% 103.28% 14.17%
Cash & Equivalents
0.11% -3.28% 18.09% 79.53%
Derivative
0.00% -0.12% 0.05% 25.98%
Securitized
0.00% 0.00% 0.02% 25.20%
Corporate
0.00% 0.00% 2.77% 48.03%
Government
0.00% -10.34% 4.74% 24.41%

Bond Geographic Breakdown

Weighting Return Low Return High HYMAX % Rank
US
94.27% 77.16% 103.27% 62.20%
Non US
5.62% 0.00% 12.42% 21.26%

HYMAX - Expenses

Operational Fees

HYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.27% 1.97% 62.20%
Management Fee 0.47% 0.26% 0.75% 25.20%
12b-1 Fee 0.20% 0.00% 1.00% 23.96%
Administrative Fee 0.04% 0.01% 0.35% 26.83%

Sales Fees

HYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 1.00% 4.75% 87.18%
Deferred Load N/A 0.60% 5.50% N/A

Trading Fees

HYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Turnover 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 30.00% 3.00% 119.00% 50.39%

HYMAX - Distributions

Dividend Yield Analysis

HYMAX Category Low Category High HYMAX % Rank
Dividend Yield 1.97% 0.01% 3.69% 13.39%

Dividend Distribution Analysis

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

Dividend Payout History