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Quick Guide to Lord Abbett High Yield Municipal Bond A Fund (HYMAX) - Best of Funds

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Lord Abbett High Yield Municipal Bond A ( HYMAX ) a Zacks Ranked #2 (Buy) seeks a high level of income exempt from federal income tax. HYMAX invests a major portion of its assets in municipal bonds that pay interest exempt from federal income tax. HYMAX invests a substantial portion of its assets in lower rated municipal bonds HYMAX seeks to maintain a dollar-weighted average maturity of between ten and twenty-five years.

The Lord Abbett High Yield Municipal Bond A fund, managed by Lord Abbett , carries an expense ratio of 0.90. Moreover, HYMAX requires a minimal initial investment of $1,000.

HYMAX has a history of strong positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 5.60%, 3 year 5.07%, and 5 year 5.54%. To see how this fund performed compared in its category, please click here .

HYMAX's performance, as of the last filing, when compared to funds in its category was in the top 6% in 1 year, top 6% over the past 3 years, and in the 16% over the past 5 years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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