HYMIX | High Yield Municipal Bond Fund Class I | Lord Abbett
Image alt tag

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

High Yield Municipal Bond Fund

Summary

Summary

What is the High Yield Municipal Bond Fund?

The Fund seeks to deliver a high level of income exempt from federal income tax by investing primarily in lower-rated municipal bonds.

Yields

Dividend Yield 1 as of 05/12/2021  

w/o sales charge 3.32%

30 Day Standardized yield 2 as of 04/30/2021  

2.27%

Fund Basicsas of 03/31/2021

Total Net Assets
$3.99 B
Inception Date
07/26/2010
Dividend Frequency
Monthly
Fund Expense Ratio
0.57%
Number of Holdings
658
Minimum Initial Investment
$1,000,000+

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/26/2010
w/o sales charge 3.07% 19.77% 7.01% 5.82% 6.55% 5.82%
Lipper Category Avg. High Yield Municipal Debt Funds 2.57% 16.09% 5.76% 4.45% 6.07% -
Bloomberg Barclays High Yield Municipal Bond Index 3.61% 20.78% 7.64% 6.61% 7.10% 6.64%

Fund Expense Ratio :

0.57%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/26/2010
w/o sales charge 1.58% 13.74% 6.67% 5.74% 6.55% 5.73%
Lipper Category Avg. High Yield Municipal Debt Funds 1.24% 11.21% 5.30% 4.38% 6.08% -
Bloomberg Barclays High Yield Municipal Bond Index 2.11% 15.02% 7.28% 6.43% 7.12% 6.55%

Fund Expense Ratio :

0.57%

RELATED CONTENT

Lessons from One Week in the Muni Bond New Issue Market
June 19, 2020

A look at one week’s worth of new issuance of municipal bonds illustrates key themes at work in today’s market—and the range of potential investment opportunities on offer.

Uncovering Value in Municipal Bonds after the Recent Volatility
May 27, 2020

Our director of municipal bonds identifies areas of the market where performance disparities may create potential opportunities.

Municipal Bond Insights and Charts: Seeking Value in High Yield Munis
May 13, 2020

Our experts offer four reasons why high yield municipal bonds may potentially represent compelling opportunities in the current market.

Sector Assets
IDR/PCR
Healthcare/Hospital
Special Tax
Education
Transportation
Lease
GO Local
Water & Sewer
GO State
Power
Housing
VRDN
Pre-Refunded
Other
Maturity Assets
<1 Year
1-5 Years
5-10 Years
10-15 Years
15-20 Years
20-25 Years
25-30 Years
>30 Years

Credit Quality Distribution as of 03/31/2021

Rating Assets
A-2/MIG2
AAA
AA
A
BBB
BB
B
< B
Not Rated

INVESTMENT TEAM

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

33 Years of Industry Experience

Gregory M. Shuman
Gregory M. Shuman, CFA

Managing Director, Portfolio Manager

10 Years of Industry Experience

Supported By 16 Investment Professionals with 14 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 05/12/2021  

w/o sales charge 3.32%

30-Day Standardized Yield 2 as of 04/30/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.27% 2.27%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/26/2010
w/o sales charge 3.07% 19.77% 7.01% 5.82% 6.55% 5.82%
Lipper Category Avg. High Yield Municipal Debt Funds 2.57% 16.09% 5.76% 4.45% 6.07% -
Bloomberg Barclays High Yield Municipal Bond Index 3.61% 20.78% 7.64% 6.61% 7.10% 6.64%

Fund Expense Ratio :

0.57%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/26/2010
w/o sales charge 1.58% 13.74% 6.67% 5.74% 6.55% 5.73%
Lipper Category Avg. High Yield Municipal Debt Funds 1.24% 11.21% 5.30% 4.38% 6.08% -
Bloomberg Barclays High Yield Municipal Bond Index 2.11% 15.02% 7.28% 6.43% 7.12% 6.55%

Fund Expense Ratio :

0.57%

Year Fund Returns Bloomberg Barclays High Yield Municipal Bond Index
2020 3.77% 4.89%
2019 11.62% 10.68%
2018 3.99% 4.76%
2017 7.57% 9.69%
2016 2.86% 2.99%
2015 3.77% 1.81%
2014 14.60% 13.85%
2013 -6.90% -5.51%
2012 18.29% 18.14%
2011 4.63% 9.25%
2010 -2.30% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 1.58% - - - 3.56%
2020 -7.32% 4.41% 2.45% 4.67% 3.77%
2019 4.23% 3.21% 2.77% 0.96% 11.62%
2018 0.80% 2.84% 0.60% -0.28% 3.99%
2017 2.74% 1.98% 2.02% 0.64% 7.57%
2016 2.43% 4.44% 1.18% -4.97% 2.86%
2015 1.52% -1.02% 1.24% 2.00% 3.77%
2014 5.26% 4.13% 2.62% 1.87% 14.60%
2013 1.61% -5.17% -3.34% -0.04% -6.90%
2012 6.93% 3.32% 3.79% 3.16% 18.29%
2011 -1.66% 5.29% 1.58% -0.52% 4.63%
2010 - - - -5.19% -2.30%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

PORTFOLIO BREAKDOWN as of 03/31/2021

Sector Assets
IDR/PCR
Healthcare/Hospital
Special Tax
Education
Transportation
Lease
GO Local
Water & Sewer
GO State
Power
Housing
VRDN
Pre-Refunded
Other

PORTFOLIO BREAKDOWN as of 03/31/2021

Maturity Assets
<1 Year
1-5 Years
5-10 Years
10-15 Years
15-20 Years
20-25 Years
25-30 Years
>30 Years

PORTFOLIO BREAKDOWN as of 03/31/2021

Rating Assets
NY
IL
CA
Puerto Rico
OH
PA
AL
FL
NJ
TX
GA
CO
WI
VA
AZ
IA
MD
AR
LA
MI
IN
NH
TN
MN
OK
WA
NV
MO
HI
UT
OR
SC
AS
WY
MA
AK
RI
DC
ND
CT
NE
NM
KS
ME
KY
Other U.S. Territories

Credit QUALITY DISTRIBUTION as of 03/31/2021

Rating Assets
A-2/MIG2
AAA
AA
A
BBB
BB
B
< B
Not Rated

Portfolio Positioning as of 03/31/2021

  • Although primarily invested in non-investment-grade bonds, the Fund has an overweight in ‘A’ and ‘BBB’ rated bonds, relative to its secondary benchmark, an 85%/15% blend of the Bloomberg Barclays U.S. High Yield Municipal Bond Index and the Bloomberg Barclays Municipal Bond Index.
  • The strong underlying credit quality of the municipal market and the ability of issuers in different sectors to respond to the challenges posed by the economic damage caused by the virus supported the recovery since the market sell-off last March.
  • On top of the overall strength displayed last year, municipalities are receiving significant support from the U.S. government under the American Rescue Plan (ARP) signed into law by President Joe Biden on March 11, 2021.
  • We expect these funds to go beyond recovery and likely prove stimulative. Further, as the economy continues to reopen, and consumer confidence continues to improve, we believe investors’ perceptions of higher credit quality and lower default risk for the broad municipal market will strengthen.

Portfolio Details as of 03/31/2021

Total Net Assets
$3.99 B
Number of Issues
658
Average Coupon
4.6%
Average Effective Maturity
24.1 Years
Average Effective Duration
8.28 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 05/12/2021
$0.144
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 04/30/2021 $0.03555 $12.81
Daily Daily 03/31/2021 $0.03554 $12.66
Daily Daily 02/28/2021 $0.03652 $12.59
Daily Daily 01/31/2021 $0.03665 $12.81

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2021

0.57%

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
n/a
Portfolio Holdings 1Q
Publish Date:11/03/2015
n/a
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
Quantity
Quantity
Remove
Remove

Class I - SEC Returns reflect performance for Class I shares at Net Asset Value.

The Bloomberg Barclays High Yield Municipal Bond Index is an unmanaged index consisting of noninvestment-grade, unrated or below Ba1 bonds. 

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field