Lord Abbett High Income Muni Bond I (HYMIX)
| Fund Assets | 3.93B |
| Expense Ratio | 0.62% |
| Min. Investment | $1,000,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 5.03% |
| Dividend Growth | 4.99% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.26 |
| YTD Return | -4.52% |
| 1-Year Return | -3.06% |
| 5-Year Return | 0.14% |
| 52-Week Low | 10.23 |
| 52-Week High | 11.18 |
| Beta (5Y) | n/a |
| Holdings | 619 |
| Inception Date | Jul 26, 2010 |
About HYMIX
Lord Abbett High Income Municipal Bond Fund Class I is an institutional mutual fund centered on delivering a high level of federally tax-exempt income. The fund's core strategy is anchored in investing primarily—at least 80% of assets—in lower-rated or high-yield municipal bonds, often categorized below investment grade (rated BBB/Baa or lower at time of purchase). This approach exposes the portfolio to higher credit risk compared to traditional municipal bond funds, in exchange for a potential increase in yield. The fund actively manages a broad portfolio, typically comprising several hundred securities diversified across sectors such as healthcare, education, transportation, special tax, and general obligation bonds. Its average effective maturity extends into the long-term, supporting the goal of maximizing tax-free income for investors with a tolerance for greater risk and duration exposure. With a net expense ratio of 0.56% and assets under management exceeding $2 billion, Lord Abbett High Income Municipal Bond Fund Class I plays a notable role in the high-yield municipal market space, serving institutional investors who seek competitive tax-exempt income within a disciplined, professionally managed structure.
Performance
HYMIX had a total return of -3.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.65%.
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 | $0.04412 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04319 | Jun 30, 2025 |
| May 30, 2025 | $0.04271 | May 30, 2025 |
| Apr 30, 2025 | $0.04421 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04225 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04168 | Feb 28, 2025 |