Lord Abbett High Income Municipal Bond Fund Class A (HYMAX)
| Fund Assets | 4.32B |
| Expense Ratio | 0.84% |
| Min. Investment | $1,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 4.61% |
| Dividend Growth | 4.03% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.97 |
| YTD Return | 1.33% |
| 1-Year Return | 3.18% |
| 5-Year Return | 1.23% |
| 52-Week Low | 10.11 |
| 52-Week High | 10.98 |
| Beta (5Y) | n/a |
| Holdings | 594 |
| Inception Date | Dec 30, 2004 |
About HYMAX
Lord Abbett High Income Municipal Bond Fund Class A is a mutual fund that focuses on generating a high level of income exempt from federal income tax. Its primary strategy involves investing at least 80% of its net assets in U.S. municipal bonds, particularly those rated below investment grade, commonly known as high-yield or "junk" municipal bonds. This approach provides investors access to higher potential yields compared to traditional municipal bond funds, while maintaining the federal tax-exempt status on earned income. The fund is managed by Lord, Abbett & Co. LLC and offers diversified exposure across over 600 individual securities from various sectors, including state and local government projects, infrastructure, and public services. With a typical average effective maturity between ten and twenty-five years and an effective duration around 7.6 years, the fund balances interest rate and credit risk to optimize tax-exempt income for shareholders. As one of the larger high-yield municipal bond funds, with net assets exceeding $4 billion, it plays a significant role in providing capital to municipalities while offering investors an income-oriented solution aimed at those seeking tax-advantaged returns in the fixed income market.
Performance
HYMAX had a total return of 3.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.86%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04438 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04373 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04191 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04318 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04225 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04229 | Aug 29, 2025 |