Lord Abbett High Income Municipal Bond Fund Class C (HYMCX)
| Fund Assets | 2.16B |
| Expense Ratio | 1.43% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 4.09% |
| Dividend Growth | 5.84% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2025 |
| Previous Close | 10.85 |
| YTD Return | -0.88% |
| 1-Year Return | 3.64% |
| 5-Year Return | 10.62% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | 0.30 |
| Holdings | 622 |
| Inception Date | Dec 30, 2004 |
About HYMCX
The Fund's investment strategy focuses on High Yield Muni with 1.42% total expense ratio. The minimum amount to invest in Lord Abbett Municipal Income Fund, Inc: Lord Abbett High Yield Municipal Bond Fund; Class C Shares is $1,000 on a standard taxable account. Lord Abbett Municipal Income Fund, Inc: Lord Abbett High Yield Municipal Bond Fund; Class C Shares seeks a high level of income exempt from federal income tax by investing at least 80% of its net assets, plus any borrowings, in municipal bonds. HYMCX invests, under normal market conditions, 50% to 70% of its net assets in municipal bonds that, at the time of purchase, are rated BBB/Baa or below.
Performance
HYMCX had a total return of 3.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.49%.
Top 10 Holdings
12.23% of assets| Name | Symbol | Weight |
|---|---|---|
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH BUCGEN 5 06.01.2055 | 2.23% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.5% | NY NYTTRN 5.5 12.31.2060 | 2.19% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR PRCGEN 5 07.01.2058 | 1.14% |
| BERKS CNTY PA MUN AUTH REV 5% | PA BERFAC 5 06.30.2039 | 1.05% |
| PUERTO RICO COMWLTH 4% | PR PRC 4 07.01.2046 | 1.03% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.5% | NY NYTTRN 5.5 06.30.2060 | 1.01% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR PRCGEN 4.75 07.01.2053 | 0.95% |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25% | CA CASGEN 5.25 12.01.2056 | 0.89% |
| ARKANSAS ST DEV FIN AUTH INDL DEV REV 4.5% | AR ARSDEV 4.5 09.01.2049 | 0.87% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.38% | NY NYTTRN 5.38 06.30.2060 | 0.86% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2025 | $0.03469 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03486 | Feb 28, 2025 |
| Jan 31, 2025 | $0.04407 | Jan 31, 2025 |
| Dec 31, 2024 | $0.03444 | Dec 31, 2024 |
| Nov 29, 2024 | $0.0336 | Nov 29, 2024 |
| Oct 31, 2024 | $0.03312 | Oct 31, 2024 |