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Morningstar

Lord Abbett High Income Muni Bond C HYMCX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.49  /  0.22 %
  • Total Assets 3.4 Bil
  • Adj. Expense Ratio
    1.420%
  • Expense Ratio 1.420%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.62%
  • Effective Duration 8.57 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:20 PM GMT+0

Morningstar’s Analysis HYMCX

Will HYMCX 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 HYMCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the HYMCX 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 HYMCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An aggressive approach looking for an edge.

Analyst Thomas Murphy

Thomas Murphy

Analyst

Summary

Lord Abbett High Income Municipal Bond’s experienced team delivers one of the more aggressive approaches in the high-yield muni space, but the strategy’s returns have yet to deliver standout results versus peers.

by Thomas Murphy
Rated on Published on

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Portfolio Holdings HYMCX

More HYMCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 583
  • Other Holdings 1
  • % Assets in Top 10 Holdings 10.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

2.13
69,250,890
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.29
42,097,491
municipal

TOBACCO SETTLEMENT FING CORP VA 5%

1.08
35,265,852
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.01
32,977,924
municipal

ARKANSAS ST DEV FIN AUTH INDL DEV REV 4.5%

0.98
31,886,565
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.96
31,123,993
municipal

PUERTO RICO COMWLTH 4%

0.88
28,628,915
municipal

JEFFERSON CNTY ALA SWR REV 6.5%

0.86
28,149,474
municipal

OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REV 5%

0.86
28,068,883
municipal

TOBACCO SETTLEMENT FING CORP VA 0%

0.81
26,526,286
municipal