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Lord Abbett High Yield Municipal Bond A (HYMAX)

11.71 Down 0.04(0.34%) Oct 21
Prev Close:11.75
YTD Return*:12.53%
Net Assets*:1.98B
Yield*:4.75%

* As of 30-Sep-14

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

Headlines

  • No Headlines available for HYMAX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Golden St Tob Securitization C Toba 4.5%1.74N/A
Buckeye Ohio Tob Settlement Fi To 5.125%1.49N/A
Tobacco Settlement Fing Corp N Asset 5%0.98N/A
Iowa Fin Auth 5.25%0.92N/A
Jefferson Cnty Ala Swr Rev Swr Rev 6.5%0.89N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:1.98B
Category:High Yield Muni
Annual Report Expense Ratio (net):0.83%

Performance & Risk

YTD Return:12.53%
5y Avg Return:5.88%
Rank in Category (ytd):36
% Rank in Category (ytd):20%
Beta (3y):1.48
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 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. View More
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