Lord Abbett Short Duration High Income Municipal Bond Fund Class C (SDHCX)
Fund Assets | 273.50M |
Expense Ratio | 1.26% |
Min. Investment | $1,000 |
Turnover | n/a |
Dividend (ttm) | 0.48 |
Dividend Yield | 3.33% |
Dividend Growth | 7.86% |
Payout Frequency | Monthly |
Ex-Dividend Date | Jan 31, 2025 |
Previous Close | 14.29 |
YTD Return | 0.21% |
1-Year Return | 4.42% |
5-Year Return | -0.32% |
52-Week Low | n/a |
52-Week High | n/a |
Beta (5Y) | n/a |
Holdings | 414 |
Inception Date | Jun 15, 2015 |
About SDHCX
The Fund's investment strategy focuses on High Yield Muni with 1.28% total expense ratio. The minimum amount to invest in Lord Abbett Municipal Income Fund, Inc: Lord Abbett Short Duration High Yield Municipal Bond Fund; Class C Shs is $1,000 on a standard taxable account. Lord Abbett Municipal Income Fund, Inc: Lord Abbett Short Duration High Yield Municipal Bond Fund; Class C Shs seeks a high level of income exempt from federal income tax. SDHCX invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax. SDHCX generally will maintain an investment portfolio with a weighted average effective duration of less than 4.5 years.
Performance
SDHCX had a total return of 4.42% in the past year. Since the fund's inception, the average annual return has been 1.00%, including dividends.
Top 10 Holdings
12.16% of assetsName | Symbol | Weight |
---|---|---|
SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL SEEPWR 5 11.01.2035 | 2.30% |
MISSION TEX ECONOMIC DEV CORP REV 4.63% | TX MISDEV 4.62 10.01.2031 | 1.40% |
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5% | PR PRCGEN 4.5 07.01.2034 | 1.25% |
NEW YORK N Y 3.5% | NY NYC 04.01.2042 | 1.16% |
IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 4.75% | IA IASGEN 4.75 08.01.2042 | 1.06% |
PUBLIC FIN AUTH WIS TAX INCREMENT REV 5% | WI PUBGEN 5 06.01.2041 | 1.04% |
MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV 3.66% | PA MONHGR 09.01.2050 | 1.02% |
FLORIDA DEV FIN CORP SOLID WASTE DISP REV 4.38% | FL FLSDEV 10.01.2054 | 1.02% |
BERKS CNTY PA MUN AUTH REV 5% | PA BERFAC 5 06.30.2039 | 0.97% |
MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA MAIUTL 08.01.2052 | 0.93% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Jan 31, 2025 | $0.03988 | Jan 31, 2025 |
Dec 31, 2024 | $0.03994 | Dec 31, 2024 |
Nov 29, 2024 | $0.03963 | Nov 29, 2024 |
Oct 31, 2024 | $0.03941 | Oct 31, 2024 |
Sep 30, 2024 | $0.0404 | Sep 30, 2024 |
Aug 30, 2024 | $0.04027 | Aug 30, 2024 |