Lord Abbett High Yield Municipal Bond's team relies on run-of-the-mill risk-management techniques to keep its aggressive process in check. The strategy earns a Morningstar Analyst Rating of Neutral across all share classes.
Lord Abbett High Income Muni Bond I HYMIX
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will HYMIX 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 HYMIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the HYMIX 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 HYMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Credit risk rewards this fund during strong markets but can sting when things turn south.
