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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$12.85

$4.71 B

5.86%

$0.75

0.77%

Vitals

YTD Return

2.1%

1 yr return

9.8%

3 Yr Avg Return

6.4%

5 Yr Avg Return

5.1%

Net Assets

$4.71 B

Holdings in Top 10

10.9%

52 WEEK LOW AND HIGH

$12.9
$12.08
$13.20

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 43.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Muni


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$12.85

$4.71 B

5.86%

$0.75

0.77%

HYMAX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.69%
DIVIDENDS
  • Dividend Yield 5.9%
  • 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 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 2.1% -2.4% 4.8% 24.09%
1 Yr 9.8% 0.4% 15.5% 18.10%
3 Yr 6.4%* 2.3% 9.4% 27.78%
5 Yr 5.1%* 1.8% 7.2% 18.93%
10 Yr 6.0%* 3.5% 8.7% 38.22%

* Annualized

Return Ranking - Calendar

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.2% -10.1% 4.2% 63.13%
2019 7.2% -0.7% 9.1% 6.60%
2018 -0.3% -5.7% 95.6% 12.89%
2017 3.1% -0.7% 8.6% 68.21%
2016 -1.7% -6.7% -0.8% 12.05%

Total Return Ranking - Trailing

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -2.4% 4.8% 24.09%
1 Yr 7.3% -0.4% 15.5% 53.39%
3 Yr 5.6%* 2.3% 9.4% 51.39%
5 Yr 4.6%* 1.8% 7.2% 29.13%
10 Yr 5.8%* 3.5% 8.7% 42.04%

* Annualized

Total Return Ranking - Calendar

Period HYMAX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.2% -10.1% 4.2% 63.13%
2019 7.2% -0.7% 9.1% 8.49%
2018 -0.3% -5.7% 4.2% 18.56%
2017 3.1% -0.7% 9.8% 69.94%
2016 -1.7% -6.3% 1.1% 19.28%

NAV & Total Return History


HYMAX - Holdings

Concentration Analysis

HYMAX Category Low Category High HYMAX % Rank
Net Assets 4.71 B 10.5 K 24.3 B 21.62%
Number of Holdings 765 1 4001 36.77%
Net Assets in Top 10 516 M -38.8 M 3.37 B 20.63%
Weighting of Top 10 10.85% 1.1% 100.0% 72.20%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 1.88%
  2. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.66%
  3. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 1.43%
  4. NEW YORK TRANSN DEV CORP SPL FAC REV 5% 0.97%
  5. JEFFERSON CNTY ALA SWR REV 6.5% 0.96%
  6. LOWER ALA GAS DIST GAS PROJ REV 5% 0.95%
  7. OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REV 5% 0.92%
  8. NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 0.89%
  9. TSASC INC N Y 5% 0.82%
  10. PUERTO RICO COMWLTH 0% 0.81%

Asset Allocation

Weighting Return Low Return High HYMAX % Rank
Bonds
99.65% 0.00% 140.95% 28.70%
Cash
0.35% -4.96% 99.53% 65.92%
Stocks
0.00% -0.01% 4.52% 18.83%
Preferred Stocks
0.00% -41.33% 0.32% 4.48%
Other
0.00% -0.20% 99.99% 12.11%
Convertible Bonds
0.00% 0.00% 0.00% 2.24%

Bond Sector Breakdown

Weighting Return Low Return High HYMAX % Rank
Municipal
99.65% 0.00% 100.00% 26.01%
Cash & Equivalents
0.35% 0.00% 100.00% 67.71%
Derivative
0.00% 0.00% 0.02% 6.73%
Securitized
0.00% 0.00% 20.38% 5.38%
Corporate
0.00% 0.00% 4.18% 47.09%
Government
0.00% 0.00% 0.33% 13.45%

Bond Geographic Breakdown

Weighting Return Low Return High HYMAX % Rank
US
91.59% 0.00% 134.92% 47.53%
Non US
8.06% 0.00% 16.00% 37.67%

HYMAX - Expenses

Operational Fees

HYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.05% 2.56% 50.49%
Management Fee 0.45% 0.00% 1.00% 22.42%
12b-1 Fee 0.20% 0.00% 1.00% 26.45%
Administrative Fee 0.04% 0.02% 0.35% 4.55%

Sales Fees

HYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 1.00% 5.75% 90.91%
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 1.00% 1.00% 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 43.00% 7.00% 250.00% 64.65%

HYMAX - Distributions

Dividend Yield Analysis

HYMAX Category Low Category High HYMAX % Rank
Dividend Yield 5.86% 0.00% 1.79% 3.14%

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 3.69% 0.75% 6.78% 31.22%

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

15.05

15.1%

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

6.75

6.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 23.52 7.36 1.86