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Morningstar

Lord Abbett High Income Muni Bond F HYMFX

Morningstar Analyst Rating
Analyst rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.92  /  0.15 %
  • Total Assets 3.4 Bil
  • Adj. Expense Ratio
    0.660%
  • Expense Ratio 0.670%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.94%
  • Effective Duration 8.59 years

USD | NAV as of Feb 04, 2023 | 1-Day Return as of Feb 04, 2023, 1:11 AM GMT+00:00

Morningstar’s Analysis HYMFX

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

People Pillar

The People Pillar is our evaluation of the HYMFX 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 HYMFX’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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