Lord Abbett Short Dur Hi Inc Muni Bd A (SDHAX)
| Fund Assets | 2.33B |
| Expense Ratio | 0.65% |
| Min. Investment | $1,000 |
| Turnover | 38.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 3.96% |
| Dividend Growth | 2.37% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 14.23 |
| YTD Return | 0.93% |
| 1-Year Return | 1.35% |
| 5-Year Return | 6.09% |
| 52-Week Low | 13.84 |
| 52-Week High | 14.41 |
| Beta (5Y) | 0.18 |
| Holdings | 470 |
| Inception Date | Jun 15, 2015 |
About SDHAX
Lord Abbett Short Duration High Income Municipal Bond Fund Class A is an actively managed municipal bond mutual fund focused on delivering a high level of income that is exempt from federal income tax. The strategy invests at least 80% of net assets in tax-exempt municipal securities and maintains a short-to-intermediate interest-rate profile, generally targeting a weighted average effective duration below approximately four and a half years to manage rate sensitivity. The portfolio emphasizes high-yield and nonrated municipal issuers across revenue-backed sectors such as transportation, healthcare, housing, airports, and special assessment districts, seeking diversified cash flows from essential-service and project-based credits. Launched in 2015, the fund distributes income monthly and is positioned for investors seeking tax-advantaged income with moderated duration risk relative to longer-maturity muni strategies. Its role in the market is to bridge the gap between traditional investment-grade muni funds and longer-duration high-yield offerings, providing exposure to credit-driven income opportunities while aiming to temper volatility through shorter effective duration and broad sector diversification.
Performance
SDHAX had a total return of 1.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.47%.
Top 10 Holdings
12.29% of assets| Name | Symbol | Weight |
|---|---|---|
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL.SEEPWR 5 11.01.2035 | 1.74% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 1.33% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA GAS SUPPLY REV 5.25% | AL.SEEPWR 11.01.2055 | 1.29% |
| BERKS CNTY PA MUN AUTH REV 5% | PA.BERFAC 5 06.30.2039 | 1.22% |
| DENVER COLO CITY & CNTY SPL FACS ARPT REV 5% | CO.DENAPT 5 10.01.2032 | 1.15% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5% | NY.NYTTRN 5 08.01.2031 | 1.12% |
| MISSION TEX ECONOMIC DEV CORP REV 4.63% | TX.MISDEV 4.62 10.01.2031 | 1.12% |
| IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 4.75% | IA.IASGEN 4.75 08.01.2042 | 1.11% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA.MAIUTL 08.01.2052 | 1.11% |
| HIGHER EDL FACS FING AUTH FLA HIGHER EDL FACS REV 5% | FL.FLSHGR 5 07.01.2035 | 1.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.04843 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0494 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04839 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04833 | Jun 30, 2025 |
| May 30, 2025 | $0.04856 | May 30, 2025 |
| Apr 30, 2025 | $0.04872 | Apr 30, 2025 |