Lord Abbett High Income Muni Bond F3 (HYMOX)
| Fund Assets | 3.93B |
| Expense Ratio | 0.58% |
| Min. Investment | $1,000,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 5.08% |
| Dividend Growth | 4.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.26 |
| YTD Return | -4.51% |
| 1-Year Return | -3.03% |
| 5-Year Return | -0.57% |
| 52-Week Low | 10.23 |
| 52-Week High | 11.18 |
| Beta (5Y) | n/a |
| Holdings | 624 |
| Inception Date | Apr 4, 2017 |
About HYMOX
Lord Abbett High Income Municipal Bond Fund Class F3 is an open-end mutual fund specializing in high-yield municipal bonds. Its primary objective is to provide investors with a high level of income that is exempt from federal income tax, making it attractive for those seeking tax-advantaged income solutions. The fund predominantly invests in municipal bonds issued by state and local governments across the United States, including territories such as Puerto Rico. Unlike many municipal bond funds, this fund takes an aggressive approach by focusing on lower-rated, or "high yield," municipal bonds—commonly known as "junk" bonds—rated BBB+/Baa1 or below, and it may allocate a portion of its assets to unrated or distressed municipal debt instruments. This strategy introduces greater credit risk but offers the potential for higher returns than traditional investment grade municipal bond funds. The portfolio is broadly diversified, typically holding over 600 individual securities across various sectors, with top holdings in areas such as tobacco settlement revenue and transportation-related municipal projects. Managed by an experienced team, it pays income monthly and has a competitive expense ratio in the high-yield muni fund category. Overall, it plays a significant role for investors aiming to diversify their fixed income exposure while maximizing federally tax-exempt income through high-yield municipal investment.
Performance
HYMOX had a total return of -3.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.07%.
Top 10 Holdings
11.76% of assets| Name | Symbol | Weight |
|---|---|---|
| BUCKEYE OH TOBACCO SETTLEMENT FING AUTH - Buckeye Tobacco Settlement Financing Authority | OH.BUCGEN 5 06.01.2055 | 2.17% |
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE - New York Transportation Development Corp | NY.NYTTRN 5.5 12.31.2060 | 2.14% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE - Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 5 07.01.2058 | 1.07% |
| BERKS CNTY PA MUNI AUTH - Berks County Municipal Authority/The | PA.BERFAC 5 06.30.2039 | 1.02% |
| PUERTO RICO CMWLTH - Commonwealth of Puerto Rico | PR.PRC 4 07.01.2046 | 0.99% |
| CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE - California Infrastructure & Economic Development Bank | n/a | 0.94% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE - Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 4.75 07.01.2053 | 0.92% |
| CALIFORNIA STWD CMNTYS DEV AUTH REVENUE - California Statewide Communities Development Authority | CA.CASGEN 5.25 12.01.2056 | 0.88% |
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE - New York Transportation Development Corp | NY.NYTTRN 5.38 06.30.2060 | 0.84% |
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE - New York Transportation Development Corp | n/a | 0.80% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.04468 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04371 | Jun 30, 2025 |
| May 30, 2025 | $0.04325 | May 30, 2025 |
| Apr 30, 2025 | $0.04473 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04277 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04216 | Feb 28, 2025 |