Lord Abbett Short Dur Hi Inc Muni Bd I (SDHIX)
| Fund Assets | 2.19B |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | 38.00% |
| Dividend (ttm) | 0.60 |
| Dividend Yield | 4.23% |
| Dividend Growth | 2.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 14.27 |
| YTD Return | 1.26% |
| 1-Year Return | 2.23% |
| 5-Year Return | 7.14% |
| 52-Week Low | 13.84 |
| 52-Week High | 14.44 |
| Beta (5Y) | n/a |
| Holdings | 466 |
| Inception Date | Jun 15, 2015 |
About SDHIX
Lord Abbett Short Duration High Income Municipal Bond Fund Class I is an actively managed municipal bond mutual fund designed to provide a high level of income exempt from federal income tax. The strategy concentrates on short‑ to intermediate‑maturity municipal securities, maintaining a weighted average effective duration of less than 4.5 years to help moderate interest‑rate sensitivity while targeting elevated income levels. The portfolio invests at least 80% of net assets in municipal bonds and places a significant emphasis on lower‑rated, below‑investment‑grade issues, which can enhance yield but introduce higher credit and liquidity risks. The fund distributes income monthly and is positioned for investors seeking tax‑advantaged cash flows with controlled duration risk. As of June 30, 2025, it managed approximately $1.97 billion across hundreds of holdings, reflecting broad diversification by sector and state within the municipal market. Class I shares feature an institutional pricing structure with a net expense ratio of 0.45%, supporting cost efficiency for eligible investors. The fund’s focus on diversified sectors—such as healthcare, transportation, special tax, utilities, and general obligation issuers—anchors its role as a short‑duration, high‑income municipal allocation within a fixed income lineup.
Performance
SDHIX had a total return of 2.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.66%.
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 | $0.0518 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0508 | Jul 31, 2025 |
| Jun 30, 2025 | $0.05065 | Jun 30, 2025 |
| May 30, 2025 | $0.05095 | May 30, 2025 |
| Apr 30, 2025 | $0.05102 | Apr 30, 2025 |
| Mar 31, 2025 | $0.05071 | Mar 31, 2025 |