Lord Abbett High Income Muni Bond C (HYMCX)
| Fund Assets | 3.93B |
| Expense Ratio | 1.43% |
| Min. Investment | $1,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 4.16% |
| Dividend Growth | 5.35% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.28 |
| YTD Return | -4.97% |
| 1-Year Return | -4.00% |
| 5-Year Return | -3.94% |
| 52-Week Low | 10.26 |
| 52-Week High | 11.20 |
| Beta (5Y) | 0.34 |
| Holdings | 619 |
| Inception Date | Dec 30, 2004 |
About HYMCX
Lord Abbett High Income Municipal Bond Fund Class C is a mutual fund focused on delivering a high level of income exempt from federal income tax through investment primarily in high-yield municipal bonds. Managed by a team with extensive experience in municipal finance, the fund allocates at least 80% of its assets to lower-rated, non-investment grade municipal securities. These holdings support projects in a broad range of sectors, including healthcare, transportation, education, housing, water and sewer, and more, providing a diversified exposure to the municipal bond market. The fund is characterized by its higher credit risk and potential for enhanced yield compared to traditional municipal bond funds, reflecting its emphasis on lower credit quality. As of mid-2025, it manages over $4 billion in assets and holds more than 600 individual bonds, with an average effective duration around 7 years. Monthly income distributions and a comparatively moderate minimum investment requirement make it accessible for a broad spectrum of investors. With a gross expense ratio of 1.43%, the fund appeals to those focused on maximizing tax-exempt income within the municipal bond sector while navigating the associated credit and interest rate risks.
Performance
HYMCX had a total return of -4.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.23%.
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 | $0.03689 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0361 | Jun 30, 2025 |
| May 30, 2025 | $0.03536 | May 30, 2025 |
| Apr 30, 2025 | $0.03709 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03469 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03486 | Feb 28, 2025 |