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    Lord Abbett High Yield Municipal Bond A (HYMAX)

    11.91 Up 0.01(0.08%) Jan 29

    Profile as of Dec 30, 2014Get Profile for:
    Lord Abbett High Yield Municipal Bond A
    Lord Abbett Municipal Income Fund Inc90 Hudson Street 11th FloorJersey City NJ 07302
    Map
    Phone: 888-522-2388
    Fund Overview 
    Category:High Yield Muni
    Fund Family:Lord Abbett
    Net Assets:2.01B
    Year-to-Date Return:14.50%
    Yield:4.64%
    Morningstar Rating:3 stars
    Fund Inception Date:Dec 30, 2004
    Morningstar Style Box 
    High Yield Muni
    [View Category Definition]
    View Top High Yield Muni Funds
    About the Morningstar Style Box
    Management Information 
    Peter Scott Smith
    Lead Manager since Jan 31, 2006
    Smith is a portfolio manager and trader with Lord Abbett & Company, his employer since 1992. He has been in the investment business since 1989.
    Investment Information 
    Min Initial Investment:1,000
    Min Initial Investment, IRA:0
    Min Initial Investment, AIP:250
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:50
    HYMAX can be purchased from 89 brokerages.

    Fund Summary 
    The investment seeks a high level of income exempt from federal income tax. Under normal conditions, the fund invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax. It invests a substantial portion of its assets in lower rated municipal bonds (commonly referred to as "below investment grade," "high yield," or "junk" bonds). The fund's dollar-weighted average maturity generally is expected to be between ten and twenty-five years, but will vary with market conditions. It is non-diversified.

    Fund Operations 
    Last Dividend (Dec 30, 2014) : 0.05
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Jan 26, 2015) : 32.90%
    Average for Category:27.35%
    Fees & Expenses 
    ExpenseHYMAXCategory Avg
    Annual Report Expense Ratio (net):0.90%0.99%
    Prospectus Net Expense Ratio:0.82%N/A
    Prospectus Gross Expense Ratio:0.84%N/A
    Max 12b1 Fee:0.20%N/A
    Max Front End Sales Load:2.25%3.78%
    Max Deferred Sales Load: N/A2.08%
    3 Yr Expense Projection*:487573
    5 Yr Expense Projection*:680822
    10 Yr Expense Projection*:1,2391,513
    * Per $10,000 invested