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Morningstar

Lord Abbett Short Dur Hi Inc Muni Bd I SDHIX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 14.11  /  +0.01 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.02%
  • Effective Duration 3.23 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:22 PM GMT+0

Morningstar’s Analysis SDHIX

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

  • People Pillar

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

Reasonable offering for short duration high-yield munis.

Analyst Thomas Murphy

Thomas Murphy

Analyst

Summary

Lord Abbett Short Duration High Income Municipal Bond’s veteran team delivers a conservative, straightforward approach to high-yield muni bonds, but it has yet to stand out versus peers.

by Thomas Murphy
Rated on Published on

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Portfolio Holdings SDHIX

More SDHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 5%

1.91 22.4 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.65 19.4 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 4%

1.48 17.4 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5%

1.33 15.6 Mil
municipal

PUERTO RICO COMWLTH 5.75%

1.23 14.4 Mil
municipal

MARYLAND ST ECONOMIC DEV CORP PORT FACS REV 5.75%

1.22 14.4 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25%

1.19 14.0 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

1.13 13.2 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

1.11 13.0 Mil
municipal

BERKS CNTY PA MUN AUTH REV 5%

1.04 12.2 Mil
municipal