Lord Abbett Short Duration High Income Municipal Bond Fund Class I (SDHIX)
| Fund Assets | 273.50M |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.60 |
| Dividend Yield | 4.26% |
| Dividend Growth | 4.30% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2025 |
| Previous Close | 14.07 |
| YTD Return | -0.30% |
| 1-Year Return | 3.16% |
| 5-Year Return | 12.24% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 447 |
| 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 3.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.55%.
Top 10 Holdings
11.88% of assets| Name | Symbol | Weight |
|---|---|---|
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL SEEPWR 5 11.01.2035 | 2.08% |
| NEW YORK N Y 1.35% | n/a | 1.31% |
| MISSION TEX ECONOMIC DEV CORP REV 4.63% | TX MISDEV 4.62 10.01.2031 | 1.24% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA MAIUTL 08.01.2052 | 1.22% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5% | PR PRCGEN 4.5 07.01.2034 | 1.17% |
| FLORIDA DEV FIN CORP SOLID WASTE DISP REV 4.38% | FL FLSDEV 10.01.2054 | 1.03% |
| PUBLIC FIN AUTH WIS TAX INCREMENT REV 5% | WI PUBGEN 5 06.01.2041 | 0.98% |
| MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5% | VI MFCFAC 5 10.01.2039 | 0.96% |
| IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 4.75% | IA IASGEN 4.75 08.01.2042 | 0.94% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA CASDEV 01.01.2065 | 0.93% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Nov 29, 2024 | $0.0494 | Nov 29, 2024 |