Lord Abbett High Yield Municipal’s team employs an aggressive approach kept in check through the use of standard-risk management techniques but hasn’t produced stellar long-term results. All share classes earn a Morningstar Analyst Rating of Neutral.
Will HYMAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HYMAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HYMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of HYMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.