HYMOX: Lord Abbett High Yield Municipal Bond F3

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

HYMOX Lord Abbett High Yield Municipal Bond F3


Profile

HYMOX - Profile

Vitals

  • YTD Return -4.9%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $3.09 B
  • Holdings in Top 10 13.1%

52 WEEK LOW AND HIGH

$11.96
$10.64
$13.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -4.9%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.24%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett High Yield Municipal Bond Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Apr 04, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • 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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

HYMOX - Performance

Return Ranking - Trailing

Period HYMOX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.9% -11.9% 1.3% 75.13%
1 Yr -3.4% -11.8% 5.3% 62.89%
3 Yr 0.7%* -1.7% 2.8% 14.45%
5 Yr N/A* -2.2% 2.5% 8.84%
10 Yr N/A* -1.4% 2.1% 20.72%

* Annualized

Return Ranking - Calendar

Period HYMOX Return Category Return Low Category Return High Rank in Category (%)
2019 7.2% -0.7% 9.1% 6.81%
2018 -0.2% -4.8% 9.2% 11.30%
2017 N/A -9.7% 8.6% N/A
2016 N/A -6.1% -0.8% N/A
2015 N/A -5.6% 2.9% N/A

Total Return Ranking - Trailing

Period HYMOX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.9% -11.9% 1.3% 75.13%
1 Yr -3.4% -11.8% 5.3% 62.89%
3 Yr 0.7%* -1.7% 2.8% 20.23%
5 Yr N/A* -2.2% 2.9% 8.16%
10 Yr N/A* -1.4% 4.5% 18.92%

* Annualized

Total Return Ranking - Calendar

Period HYMOX Return Category Return Low Category Return High Rank in Category (%)
2019 7.2% -0.7% 9.1% 8.90%
2018 -0.2% -4.8% 9.2% 16.95%
2017 N/A -9.7% 8.8% N/A
2016 N/A -6.1% 1.1% N/A
2015 N/A -5.6% 5.3% N/A

NAV & Total Return History


Holdings

HYMOX - Holdings

Concentration Analysis

HYMOX Category Low Category High HYMOX % Rank
Net Assets 3.09 B 573 K 19.1 B 26.50%
Number of Holdings 612 6 3533 35.50%
Net Assets in Top 10 382 M -38.7 M 2.67 B 21.00%
Weighting of Top 10 13.11% 4.2% 98.8% 51.00%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.57%
  2. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.44%
  3. TUSCALOOSA CNTY ALA INDL DEV GULF OPPORTUNITY ZONE 5.25% 1.36%
  4. ARKANSAS ST DEV FIN AUTH INDL DEV REV 4.5% 1.19%
  5. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.18%
  6. TSASC INC N Y 5% 1.09%
  7. NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 1.09%
  8. IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 5.25% 1.07%
  9. OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REV 5% 1.06%
  10. JEFFERSON CNTY ALA SWR REV 6.5% 1.06%

Asset Allocation

Weighting Return Low Return High HYMOX % Rank
Bonds
99.56% 79.03% 148.07% 27.36%
Cash
0.44% -1.98% 16.43% 73.50%
Stocks
0.00% 0.00% 4.54% 61.19%
Preferred Stocks
0.00% -48.07% 0.00% 55.00%
Other
0.00% -0.04% 1.57% 66.00%
Convertible Bonds
0.00% 0.00% 0.00% 57.00%

Bond Sector Breakdown

Weighting Return Low Return High HYMOX % Rank
Municipal
99.56% 80.00% 100.00% 26.00%
Cash & Equivalents
0.44% 0.00% 19.94% 75.50%
Derivative
0.00% 0.00% 0.26% 59.50%
Securitized
0.00% 0.00% 0.00% 57.00%
Corporate
0.00% 0.00% 5.11% 70.50%
Government
0.00% -2.36% 0.96% 63.00%

Bond Geographic Breakdown

Weighting Return Low Return High HYMOX % Rank
US
94.83% 73.53% 141.91% 34.00%
Non US
4.73% 0.00% 16.32% 56.50%

Expenses

HYMOX - Expenses

Operational Fees

HYMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.18% 7.04% 95.98%
Management Fee 0.46% 0.00% 1.25% 27.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.01% 0.35% 13.33%

Sales Fees

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

Trading Fees

HYMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

HYMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 5.10% 314.00% 15.00%

Distributions

HYMOX - Distributions

Dividend Yield Analysis

HYMOX Category Low Category High HYMOX % Rank
Dividend Yield 0.00% 0.00% 0.62% 64.18%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

HYMOX Category Low Category High HYMOX % Rank
Net Income Ratio 4.24% -0.98% 5.67% 15.08%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

HYMOX - Fund Manager Analysis

Managers

Daniel Solender


Start Date

Tenure

Tenure Rank

Sep 14, 2006

13.8

13.8%

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

Feb 01, 2019

1.41

1.4%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 28.52 7.07 0.61