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Lord Abbett High Yield Municipal Bond C (HYMCX) Fund Ranking and Research

Ranking, Research and Recommendation of Lord Abbett High Yield Municipal Bond C (HYMCX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Lord Abbett High Yield Municipal Bond C Fund (HYMCX) ManagerFund Manager - Daniel S. Solender

Fund Manager Information

Fund Manager Tenure: 12.9 years
Similar Funds: HYMAX  HYMFX  HYMIX  HYMPX 
Fund Family: Lord Abbett
Fund Category: High Yield Muni
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.52)     (What does this score mean?)

 

Graph of Lord Abbett High Yield Municipal Bond C Fund (HYMCX) ProfileLord Abbett High Yield Municipal Bond C Fund (HYMCX) Profile

Fund Profile and Description

Lord Abbett High Yield Municipal Bond C Fund seeks to obtain a high level of income that is exempt from federal income taxes. Lord Abbett High Yield Municipal Bond C Fund invests at least 80% of net assets into municipal bonds, the interest on which is exempt from federal income taxes. It invests, under normal market conditions, at least 50% of net assets into municipal bonds that, at the time of purchase, are rated BBB/Baa or below or determined by Lord Abbett to be of comparable quality. Lord Abbett High Yield Municipal Bond C Fund may invest up to 100% of net assets in private activity bonds. It is non-diversified.

 

Lord Abbett High Yield Municipal Bond C (HYMCX) Fund Strength What we like about Lord Abbett High Yield Municipal Bond C (HYMCX) Fund

Data for Lord Abbett High Yield Municipal Bond C Fund (HYMCX) as of May 30, 2016

  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) management has been with Lord Abbett High Yield Municipal Bond C Fund for 12.9 years
  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) ratio of up-years vs down years is greater than 2
  • Asset base in Lord Abbett High Yield Municipal Bond C Fund (HYMCX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support

Lord Abbett High Yield Municipal Bond C Fund (HYMCX) Weakness What we are cautious about Lord Abbett High Yield Municipal Bond C (HYMCX) Fund

Data for Lord Abbett High Yield Municipal Bond C Fund (HYMCX) as of May 30, 2016

  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) has a less-than-ideal short-term performance (1-year return 5.98% vs 7.20% High Yield Muni category median performance)
  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) has a less-than-ideal mid-term performance (3-year return 3.39% vs 4.69% High Yield Muni category median performance)
  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) has a less-than-ideal Long-term performance (5-year return 6.30% vs 7.24% High Yield Muni category median performance)
  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) has a Morningstar rating of 3 and below
  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) is less safe compared to its High Yield Muni peers
  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) has an annual stock turnover rate of 31.38% that is higher than the High Yield Muni average of 21.59%. This could mean Lord Abbett High Yield Municipal Bond C is more nimble, but also signal potential high tax impact and high trading fees
  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) is more volatile than its peers as it has a 3-year Standard Deviation of 5.79 that is higher than category average of 5.19
  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) has a higher expense ratio of 1.46% than its High Yield Muni average of 0.94%
  • Lord Abbett High Yield Municipal Bond C Fund (HYMCX) carries a 1% load
See Lord Abbett High Yield Municipal Bond C Fund (HYMCX) performance details as of May 30, 2016

 

What do you think?

 

Compare Lord Abbett High Yield Municipal Bond C Fund (HYMCX)Compare with other top High Yield Muni category mutual funds

Aadditional top High Yield Muni mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Lord Abbett High Yield Municipal Bond C4.285.983.396.30
American High-Income Municipal Bond A (AMHIX)3.957.345.437.81Compare
Columbia High Yield Muni Z (SRHMX)2.966.485.407.65Compare
Federated Municipal High Yield Adv F (FHTFX)3.767.205.267.52Compare

See top fund managers for High Yield Muni Category Funds

 

Compare Lord Abbett High Yield Municipal Bond C Fund (HYMCX)Compare with High Yield Muni category ETFs

Some High Yield Muni ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors High-Yield Municipal ETF (HYD)4.66%8.12%4.07%
SPDR Nuveen S&P High Yield Muni Bd ETF (HYMB)4.17%7.38%4.98%

 

Graph of Lord Abbett High Yield Municipal Bond C Fund (HYMCX) Net Asset TrackingLord Abbett High Yield Municipal Bond C (HYMCX) Fund Net Asset

Track net asset change of Lord Abbett High Yield Municipal Bond C fund (HYMCX)

DateNet Asset
05/2016$2.12B
03/2016$2.07B
02/2016$2.04B
More historic net asset information on Lord Abbett High Yield Municipal Bond C Fund (HYMCX)

  

Graph of Lord Abbett High Yield Municipal Bond C Fund (HYMCX) Portfolio TrackingLord Abbett High Yield Municipal Bond C (HYMCX) Fund Portfolio Allocation

Track portfolio allocation change of Lord Abbett High Yield Municipal Bond C fund (HYMCX)

DateCashStockBondOther
03/20161.71%0%98.02%0.27%
12/20151.66%0%98.05%0.29%
09/20151.92%0%97.74%0.34%
Click here to see more historic asset allocation information on Lord Abbett High Yield Municipal Bond C Fund (HYMCX)

 

graph of Lord Abbett High Yield Municipal Bond C Fund (HYMCX) Top 10 Position TrackingTop 10 Holdings in Lord Abbett High Yield Municipal Bond C (HYMCX) Fund

Discover what Lord Abbett High Yield Municipal Bond C Fund (HYMCX) manager is buying

Mar 30, 2016
New York Liberty Dev Corp Libe Rev Bd 5% [1.81%]
Buckeye Ohio Tob Settlement Fi To 5.125% [1.23%]
Jefferson Cnty Ala Swr Rev Swr Rev 6.5% [1.14%]
Iowa Fin Auth 5.25% [1.03%]
Tobacco Settlement Fing Corp N Asset 5% [0.85%]
Golden St Tob Securitization C Tobacc 5% [0.84%]
Niagara N Y Area Dev Corp Soli Ref 5.25% [0.77%]
Golden St Tob Securitization C Toba 4.5% [0.74%]
New Jersey Econ Dev Auth 5.25% [0.74%]
Cleveland Ohio Arpt Spl Rev Rev B 5.375% [0.74%]

Dec 30, 2015
New York Liberty Dev Corp Libe Rev Bd 5% [1.81%]
Buckeye Ohio Tob Settlement Fi To 5.125% [1.22%]
Jefferson Cnty Ala Swr Rev Swr Rev 6.5% [1.15%]
Iowa Fin Auth 5.25% [1.09%]
Golden St Tob Securitization C Tobacc 5% [0.82%]
Niagara N Y Area Dev Corp Soli Ref 5.25% [0.81%]
Tobacco Settlement Fing Corp N Asset 5% [0.81%]
J P Morgan Chase Putters / Dri Ctfs [0.79%]
New Jersey Econ Dev Auth 5.25% [0.77%]
Cleveland Ohio Arpt Spl Rev Rev B 5.375% [0.77%]

Sep 29, 2015
New York Liberty Dev Corp Libe Rev Bd 5% [1.54%]
Buckeye Ohio Tob Settlement Fi To 5.125% [1.19%]
Jefferson Cnty Ala Swr Rev Swr Rev 6.5% [1.14%]
Iowa Fin Auth 5.25% [1.11%]
J P Morgan Chase Putters / Dri Ctfs [0.81%]
Niagara N Y Area Dev Corp Soli Ref 5.25% [0.81%]
Golden St Tob Securitization C Tobacc 5% [0.79%]
Cleveland Ohio Arpt Spl Rev Rev B 5.375% [0.78%]
Tobacco Settlement Fing Corp N Asset 5% [0.78%]
New Jersey Econ Dev Auth 5.25% [0.77%]
Click here for Stock Holding Change Map in Lord Abbett High Yield Municipal Bond C Fund (HYMCX)

  

Latest News on Lord Abbett High Yield Municipal Bond C (HYMCX) Fund

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Lord Abbett High Yield Municipal Bond C Fund (HYMCX) Related ResourcesSee more information on Lord Abbett High Yield Municipal Bond C (HYMCX) Fund

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