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    Lord Abbett High Yield Municipal Bond A (HYMAX)

    11.64 Up 0.02(0.17%) Dec 1
    Prev Close:11.62
    YTD Return*:2.69%
    Net Assets*:1.97B

    * As of 31-Oct-15

    Quotes delayed, except where indicated otherwise. Currency in USD.

    Top Holdings

    Symbol% AssetsYTD Return %
    New York Liberty Dev Corp Libe Rev Bd 5%1.54N/A
    Buckeye Ohio Tob Settlement Fi To 5.125%1.19N/A
    Jefferson Cnty Ala Swr Rev Swr Rev 6.5%1.14N/A
    Iowa Fin Auth 5.25%1.11N/A
    J P Morgan Chase Putters / Dri Ctfs0.81N/A

    Fund Basics

    Morningstar Overall Rating:
    Total Assets:1.97B
    Category:High Yield Muni
    Annual Report Expense Ratio (net):0.90%

    Performance & Risk

    YTD Return:2.69%
    5y Avg Return:4.85%
    Rank in Category (ytd):53
    % Rank in Category (ytd):27.89%
    Beta (3y):1.47
    Morningstar Risk Rating:4

    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, plus the amount of any borrowings for investment purposes, 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). It seeks to maintain a dollar-weighted average maturity of between ten and twenty-five years. The fund is non-diversified. View More
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