Lord Abbett Short Dur Hi Inc Muni Bd A (SDHAX)
| Fund Assets | 2.19B |
| Expense Ratio | 0.65% |
| Min. Investment | $1,000 |
| Turnover | 38.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 3.95% |
| Dividend Growth | 2.76% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 14.18 |
| YTD Return | 0.72% |
| 1-Year Return | 1.61% |
| 5-Year Return | 5.77% |
| 52-Week Low | 13.84 |
| 52-Week High | 14.44 |
| Beta (5Y) | 0.17 |
| Holdings | 466 |
| 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 1.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.46%.
Top 10 Holdings
12.40% of assets| Name | Symbol | Weight |
|---|---|---|
| Southeast Energy Authority A Cooperative District | AL.SEEPWR 5 11.01.2035 | 1.84% |
| SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE - Southeast Energy Authority A Cooperative District | AL.SEEPWR 11.01.2055 | 1.37% |
| IOWA ST FIN AUTH MIDWSTRN DISASTER AREA REVENUE - Iowa Finance Authority | IA.IASGEN 4.75 08.01.2042 | 1.21% |
| BERKS CNTY PA MUNI AUTH - Berks County Municipal Authority/The | PA.BERFAC 5 06.30.2039 | 1.20% |
| MISSION TX ECON DEV CORP REVENUE - Mission Economic Development Corp | TX.MISDEV 4.62 10.01.2031 | 1.18% |
| MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE - Main Street Natural Gas Inc | GA.MAIUTL 08.01.2052 | 1.17% |
| HGR EDU FACS FING AUTH FL HGR EDUCTNL FACS REVENUE - Florida Higher Educational Facilities Financing Authority | FL.FLSHGR 5 07.01.2035 | 1.16% |
| CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE - California Infrastructure & Economic Development Bank | CA.CASDEV 01.01.2065 | 1.13% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE - Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 4.5 07.01.2034 | 1.09% |
| City of New York NY | NY.NYC 10.01.2046 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 31, 2025 | $0.04829 | Mar 31, 2025 |