Lord Abbett High Income Muni Bond F (HYMFX)
| Fund Assets | 3.93B |
| Expense Ratio | 0.72% |
| Min. Investment | $1,000,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 4.91% |
| Dividend Growth | 5.06% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.29 |
| YTD Return | -4.52% |
| 1-Year Return | -3.12% |
| 5-Year Return | -0.25% |
| 52-Week Low | 10.26 |
| 52-Week High | 11.21 |
| Beta (5Y) | n/a |
| Holdings | 619 |
| Inception Date | Sep 28, 2007 |
About HYMFX
Lord Abbett High Income Municipal Bond Fund Class F is a mutual fund designed to provide investors with a high level of income that is exempt from federal income tax. Its primary strategy is to invest at least 80% of its net assets in municipal bonds, with a particular focus on lower-rated issuers—typically those rated BBB/Baa or below at the time of purchase. As a result, the fund operates within the high-yield segment of the municipal bond market, commonly known as "junk" bonds, which inherently involves higher credit risk but the potential for elevated yields compared to investment-grade municipal bonds. This fund encompasses a broad and diverse portfolio, with over 600 individual holdings spanning various states, municipalities, and sectors, which helps spread risk while capturing income opportunities. It features both a relatively low minimum initial investment requirement and a competitive expense ratio, making it accessible for a range of investors. Notably, the fund pays dividends on a monthly basis, offering regular tax-exempt income, and is actively managed by a team of seasoned professionals who monitor credit quality and market conditions closely. The fund plays a significant role in the tax-exempt fixed income space, appealing to investors seeking municipal bond exposure with higher income potential relative to traditional municipal bond funds.
Performance
HYMFX had a total return of -3.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.51%.
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 | $0.04336 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04244 | Jun 30, 2025 |
| May 30, 2025 | $0.04193 | May 30, 2025 |
| Apr 30, 2025 | $0.04346 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04142 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04095 | Feb 28, 2025 |