Lord Abbett Short Duration High Income Municipal Bond Fund Class I (SDHIX)
| Fund Assets | 2.56B |
| Expense Ratio | 0.46% |
| Min. Investment | $1,000,000 |
| Turnover | 29.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 4.27% |
| Dividend Growth | 3.25% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 14.34 |
| YTD Return | 0.56% |
| 1-Year Return | 4.35% |
| 5-Year Return | 7.63% |
| 52-Week Low | 13.40 |
| 52-Week High | 14.35 |
| Beta (5Y) | n/a |
| Holdings | 489 |
| 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 4.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.02%.
Top 10 Holdings
13.00% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW YORK LIBERTY DEV CORP LIBERTY REV 5% | NY.NYCDEV 5 11.15.2044 | 2.39% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5% | AL.BBEUTL 5 10.01.2035 | 1.63% |
| DENVER COLO CITY & CNTY SPL FACS ARPT REV 5% | CO.DENAPT 5 10.01.2032 | 1.35% |
| CHICAGO ILL BRD ED 7% | IL.CHIEDU 7 12.01.2044 | 1.18% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA GAS SUPPLY REV 5.25% | AL.SEEPWR 11.01.2055 | 1.14% |
| CHICAGO ILL BRD ED 5% | IL.CHIEDU 5 12.01.2040 | 1.13% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL.SEEPWR 5 11.01.2035 | 1.09% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5% | NY.NYTTRN 5 08.01.2031 | 1.08% |
| BERKS CNTY PA MUN AUTH REV 5% | PA.BERFAC 5 06.30.2039 | 1.03% |
| PUBLIC FIN AUTH WIS TAX INCREMENT REV 5% | WI.PUBGEN 5 06.01.2041 | 0.98% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.05192 | Dec 31, 2025 |
| Nov 28, 2025 | $0.05142 | Nov 28, 2025 |
| Oct 31, 2025 | $0.05251 | Oct 31, 2025 |
| Sep 30, 2025 | $0.05077 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0518 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0508 | Jul 31, 2025 |