Lord Abbett Short Dur Hi Inc Muni Bd I (SDHIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
14.22
+0.01 (0.07%)
Sep 9, 2025, 4:00 PM EDT
0.07%
Fund Assets2.19B
Expense Ratio0.45%
Min. Investment$1,000,000
Turnover38.00%
Dividend (ttm)0.60
Dividend Yield4.24%
Dividend Growth2.67%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close14.21
YTD Return0.84%
1-Year Return1.80%
5-Year Return6.62%
52-Week Low13.84
52-Week High14.44
Beta (5Y)n/a
Holdings466
Inception DateJun 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.

Fund Family Lord Abbett
Category High Yield Muni
Stock Exchange NASDAQ
Ticker Symbol SDHIX
Share Class Class I
Index Bloomberg 1-8 Year Municipal TR USD

Performance

SDHIX had a total return of 1.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.62%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
HYMQXClass F30.40%
SDHFXClass F0.55%
SDHAXClass A0.65%
SDHCXClass C1.26%

Top 10 Holdings

12.40% of assets
NameSymbolWeight
Southeast Energy Authority A Cooperative DistrictAL.SEEPWR 5 11.01.20351.84%
SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE - Southeast Energy Authority A Cooperative DistrictAL.SEEPWR 11.01.20551.37%
IOWA ST FIN AUTH MIDWSTRN DISASTER AREA REVENUE - Iowa Finance AuthorityIA.IASGEN 4.75 08.01.20421.21%
BERKS CNTY PA MUNI AUTH - Berks County Municipal Authority/ThePA.BERFAC 5 06.30.20391.20%
MISSION TX ECON DEV CORP REVENUE - Mission Economic Development CorpTX.MISDEV 4.62 10.01.20311.18%
MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE - Main Street Natural Gas IncGA.MAIUTL 08.01.20521.17%
HGR EDU FACS FING AUTH FL HGR EDUCTNL FACS REVENUE - Florida Higher Educational Facilities Financing AuthorityFL.FLSHGR 5 07.01.20351.16%
CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE - California Infrastructure & Economic Development BankCA.CASDEV 01.01.20651.13%
PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE - Puerto Rico Sales Tax Financing Corp Sales Tax RevenuePR.PRCGEN 4.5 07.01.20341.09%
City of New York NYNY.NYC 10.01.20461.06%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.0518Aug 29, 2025
Jul 31, 2025$0.0508Jul 31, 2025
Jun 30, 2025$0.05065Jun 30, 2025
May 30, 2025$0.05095May 30, 2025
Apr 30, 2025$0.05102Apr 30, 2025
Mar 31, 2025$0.05071Mar 31, 2025
Full Dividend History