Lord Abbett High Yield Municipal Bond AÂ (HYMAXÂ -Â MF report) 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, and 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 years 5.07%, and 5 years 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 top 16% over the past 5 years.
