Lord Abbett High Income Muni Bond A (HYMAX)
| Fund Assets | 3.93B |
| Expense Ratio | 0.82% |
| Min. Investment | $1,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 4.71% |
| Dividend Growth | 5.12% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.28 |
| YTD Return | -4.74% |
| 1-Year Return | -3.38% |
| 5-Year Return | -1.48% |
| 52-Week Low | 10.25 |
| 52-Week High | 11.20 |
| Beta (5Y) | n/a |
| Holdings | 619 |
| 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 -3.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.81%.
Top 10 Holdings
12.29% of assets| Name | Symbol | Weight |
|---|---|---|
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 2.16% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.5% | NY.NYTTRN 5.5 12.31.2060 | 2.04% |
| HIGHER EDL FACS FING AUTH FLA HIGHER EDL FACS REV 6.25% | FL.FLSHGR 6.25 07.01.2055 | 1.24% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.05% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR.PRCGEN 4.75 07.01.2053 | 1.02% |
| PUERTO RICO COMWLTH 4% | PR.PRC 4 07.01.2046 | 1.00% |
| BERKS CNTY PA MUN AUTH REV 5% | PA.BERFAC 5 06.30.2039 | 1.00% |
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.95% | CA.BAYTRN 04.01.2055 | 0.98% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 0.91% |
| TOBACCO SETTLEMENT FING CORP VA 5% | VA.TOBGEN 5 06.01.2047 | 0.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.04244 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04154 | Jun 30, 2025 |
| May 30, 2025 | $0.041 | May 30, 2025 |
| Apr 30, 2025 | $0.04256 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04047 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04008 | Feb 28, 2025 |