HYMQX – Lord Abbett Short Dur Hi Inc Muni Bd F3 Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of income exempt from federal income tax. To pursue its investment objective, under normal conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax. Normally, it seeks to maintain an investment portfolio with a weighted average effective duration of less than 4.5 years.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SDHFX	Lord Abbett Short Duration High Income Municipal Bond Fund Class F	No Load	Open			Jun 15, 2015	$8.20M	0.550%	Average	$0	−$1.67M
HYMQX	Lord Abbett Short Duration High Income Municipal Bond Fund Class F3	No Load	Open			Apr 4, 2017	$134.09M	0.400%	Below Average	$0	$53.11M
SDHIX	Lord Abbett Short Duration High Income Municipal Bond Fund Class I	Institutional	Open			Jun 15, 2015	$2.06B	0.450%	Low	$1M	$517.02M
SDHAX	Lord Abbett Short Duration High Income Municipal Bond Fund Class A	Front Load	Open			Jun 15, 2015	$905.93M	0.650%	Low	$1,000	$273.27M
SDHCX	Lord Abbett Short Duration High Income Municipal Bond Fund Class C	Level Load	Open			Jun 15, 2015	$35.14M	1.300%	Low	$1,000	$8.45M

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