Lord Abbett High Income Municipal Bond Fund Class I (HYMIX)
| Fund Assets | 4.32B |
| Expense Ratio | 0.64% |
| Min. Investment | $1,000,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 4.91% |
| Dividend Growth | 3.73% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.70 |
| YTD Return | 1.29% |
| 1-Year Return | 3.46% |
| 5-Year Return | 2.68% |
| 52-Week Low | 9.84 |
| 52-Week High | 10.71 |
| Beta (5Y) | n/a |
| Holdings | 594 |
| 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 3.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.07%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04611 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04546 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04359 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04491 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0439 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04396 | Aug 29, 2025 |