| Fund Assets | 273.50M |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 3.91% |
| Dividend Growth | 3.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 30, 2025 |
| Previous Close | 14.07 |
| YTD Return | -0.37% |
| 1-Year Return | 3.09% |
| 5-Year Return | 9.97% |
| 52-Week Low | 13.84 |
| 52-Week High | 14.44 |
| Beta (5Y) | n/a |
| Holdings | 450 |
| Inception Date | Jun 15, 2015 |
About SDHIX
The Fund's investment strategy focuses on High Yield Muni with 0.42% 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 I Shs is $1,000,000 on a standard taxable account. Lord Abbett Municipal Income Fund, Inc: Lord Abbett Short Duration High Yield Municipal Bond Fund; Class I Shs seeks a high level of income exempt from federal income tax. SDHIX invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax. SDHIX generally will maintain an investment portfolio with a weighted average effective duration of less than 4.5 years.
Performance
SDHIX had a total return of 3.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.53%.
Top 10 Holdings
12.11% of assets| Name | Symbol | Weight |
|---|---|---|
| SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE - Southeast Energy Authority A Cooperative District | n/a | 2.02% |
| CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE - California Infrastructure & Economic Development Bank | n/a | 1.31% |
| MISSION TX ECON DEV CORP REVENUE - Mission Economic Development Corp | n/a | 1.23% |
| MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE - Main Street Natural Gas Inc | n/a | 1.22% |
| BERKS CNTY PA MUNI AUTH - Berks County Municipal Authority/The | PA.BERFAC 5 06.30.2039 | 1.21% |
| 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 | 1.16% |
| PUB FIN AUTH WI TAX INCREMENT REVNUE - Public Finance Authority | n/a | 1.05% |
| FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE - Florida Development Finance Corp | FL.FLSDEV 10.01.2054 | 1.02% |
| IOWA ST FIN AUTH MIDWSTRN DISASTER AREA REVENUE - Iowa Finance Authority | n/a | 0.94% |
| MATCHING FUND SPL PURPOSE SECURITIZTN CORP - Matching Fund Special Purpose Securitization Corp | VI.MFCFAC 5 10.01.2039 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 30, 2025 | $0.05095 | May 30, 2025 |
| Apr 30, 2025 | $0.05102 | Apr 30, 2025 |
| Mar 31, 2025 | $0.05071 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04992 | Feb 28, 2025 |
| Jan 31, 2025 | $0.04992 | Jan 31, 2025 |
| Dec 31, 2024 | $0.05002 | Dec 31, 2024 |