HYMFX

About HYMFX

Lord Abbett High Income Municipal Bond Fund Class F is a mutual fund designed to provide investors with a high level of income that is exempt from federal income tax. Its primary strategy is to invest at least 80% of its net assets in municipal bonds, with a particular focus on lower-rated issuers—typically those rated BBB/Baa or below at the time of purchase. As a result, the fund operates within the high-yield segment of the municipal bond market, commonly known as "junk" bonds, which inherently involves higher credit risk but the potential for elevated yields compared to investment-grade municipal bonds. This fund encompasses a broad and diverse portfolio, with over 600 individual holdings spanning various states, municipalities, and sectors, which helps spread risk while capturing income opportunities. It features both a relatively low minimum initial investment requirement and a competitive expense ratio, making it accessible for a range of investors. Notably, the fund pays dividends on a monthly basis, offering regular tax-exempt income, and is actively managed by a team of seasoned professionals who monitor credit quality and market conditions closely. The fund plays a significant role in the tax-exempt fixed income space, appealing to investors seeking municipal bond exposure with higher income potential relative to traditional municipal bond funds.