3 / 5 Stars
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Zacks Investment Research
Standard & Poor's
1 / 5 Stars
U.S. News evaluated 42 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -4.17 percent over the past year, 6.44 percent over the past three years, and 8.76 percent over the past five years.
|Trailing Returns||Updated 03.31.2014|
|Year to date||5.1%|
|3 Years (Annualized)||6.4%|
|5 Years (Annualized)||8.8%|
|10 Years (Annualized)||N/A|
The investment seeks a high level of income exempt from federal income tax. Under normal conditions, the fund invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax. It invests a substantial portion of its assets in lower rated municipal bonds (commonly referred to as "below investment grade," "high yield," or "junk" bonds). The fund's dollar-weighted average maturity generally is expected to be between ten and twenty-five years, but will vary with market conditions. It is non-diversified.
Fees are High compared to funds in the same category.
Lord Abbett High Yield Municipal Bond Fund has an expense ratio of 1.47 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.