Morningstar

Lord Abbett Short Duration High Income Municipal Bond Fund Class C SDHCX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $13.94  /  +0.22 %
  • Fund Size $3.2B
  • Adjusted Expense Ratio 1.300%
  • Net Expense Ratio 1.300%
  • Fee Level: Distribution Low
  • Share Class Type Level Load
  • Morningstar Category High Yield Muni
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.64%
  • Average Effective Duration 4.12 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SDHCX

Will SDHCX outperform in the 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 SDHCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Experienced managers run this short-duration high-yield muni approach.

Associate Director Tom Murphy

Tom Murphy

Associate Director

Summary

Lord Abbett Short Duration High Income Municipal Bond’s strengths include experienced muni managers and a stable analyst team, but its short-term mandate holds this strategy back from its high-yield muni Morningstar Category peers.

by Tom Murphy
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Portfolio Holdings SDHCX

More SDHCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

1.87 60M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

1.06 34M
municipal

DENVER COLO CITY & CNTY SPL FACS ARPT REV 5%

1.02 33M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.5%

1.02 33M
municipal

MISSION TEX ECONOMIC DEV CORP REV 4.63%

1.00 32M
municipal

BERKS CNTY PA MUN AUTH REV 5%

0.99 32M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

0.96 31M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.95 31M
municipal

BALDWIN CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV 5%

0.90 29M
municipal

PUBLIC FIN AUTH WIS TAX INCREMENT REV 5%

0.88 29M
municipal

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