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Morningstar

Lord Abbett High Income Muni Bond A HYMAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 10.87  /  0.03 %
  • Total Assets 3.4 Bil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.750%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.83%
  • Effective Duration —

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis HYMAX

Will HYMAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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.

People Pillar

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.

Parent Pillar

The Parent Pillar is our rating of HYMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An aggressive approach that can sting in market sell-offs.

Senior Analyst

Summary

| by R.J. D'Ancona

Lord Abbett High Income Municipal Bond’s management duo is capable, but its team recently restructured amid senior-level supporting cast changes, and its relatively aggressive approach does not possess a consistent edge. The strategy earns a Morningstar Analyst Rating of Neutral across all share classes.

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