Sector Allocation - HYMAX
as of 05/31/2013
| Basic Materials | -- | |
|---|---|---|
| Consumer Cyclical | -- | |
| Financial Services | -- | |
| Real Estate | -- | |
| Consumer Defensive | -- | |
| Healthcare | -- | |
| Utilities | -- | |
| Communication Services | -- | |
| Energy | -- | |
| Industrials | -- | |
| Technology | -- |
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HYMAX:NASDAQ
Lord Abbett High Yield Municipal Bond Fund Class A – HYMAX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 11.87 | -0.04 (-0.34%) | 11.63 - 12.34 | 0.0 |
Market data as of 8:00PM 06/19/13. Quotes are delayed by at least 15 min.
Overview - HYMAX
The investment seeks a high level of income exempt from federal income tax. To pursue its objective, under normal market conditions, the fund invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax. Under normal market conditions, 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). Lower rated municipal bonds are rated BB/Ba or lower. The fund is non-diversified.
Growth of $10,000 (10 Years)
| Total Return | 3.10% |
|---|---|
| Yield (Trailing 12 Mo.) | 4.62% |
| Expense Ratio | 0.86% |
| Front Load | 2.25% |
| Deferred Load | None |
| Minimum Investment | $1,000 |
| Management Tenure | 6 Years |
| Fund Inception | 12/30/2004 |
Trailing Total Returns - HYMAX
as of 05/31/2013
| Timeframe | HYMAX | S&P 500 | High Yield Muni |
|---|---|---|---|
| 1 Month | -0.12% | 2.34% | -0.67% |
| 3 Month | 0.80% | 8.22% | 0.22% |
| Year-to-Date | 2.41% | 15.37% | 1.55% |
| 1 Year | 10.19% | 27.28% | 7.24% |
| 3 Year | 7.55% | 16.87% | 7.93% |
| 5 Year | 4.22% | 5.43% | 5.36% |
| 10 Year | -- | 7.58% | 4.63% |
| Since Inception | 3.10% | 10.42% | -- |
Asset Allocation - HYMAX
as of 05/31/2013
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 0.00 | 0.00 | ||
| Bond | -- | 98.78 | 98.78 | ||
| Other | -- | 0.00 | 0.00 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 98.78 | 98.78 | ||
| Cash | -- | 1.22 | 1.22 | ||
| Total Net Assets | $2.24B |
|---|---|
| Total Stock Holdings | 0 |
| Total Bond Holdings | 552 |
Top Ten Holdings - HYMAX
as of 05/31/2013
| Company | YTD Return | % of Assets |
|---|---|---|
| Buckeye Ohio Tob Settlement Fi To 5.125% | -- | 2.06% |
| Tobacco Settlement Fing Corp N Asset 5% | -- | 1.64% |
| Golden St Tob Securitization C Tobacc 5% | -- | 1.28% |
| Tobacco Settlement Fing Corp V Asset 5% | -- | 0.98% |
| Kendall Kane & Will Cntys Ill Go Sch 5% | -- | 0.95% |
| Tobacco Settlement Fing Corp N Asset 5% | -- | 0.84% |
| Buckeye Ohio Tob Settlement Fi Tob 5.75% | -- | 0.79% |
| Connecticut St Health & Edl Fa Rev Bd 5% | -- | 0.78% |
| California St Various P 5% | -- | 0.78% |
| Golden St Tob Securitization C Toba 4.5% | -- | 0.77% |
Valuation & Growth - HYMAX
as of 05/31/2013
| Valuation | HYMAX | Category Range |
|---|---|---|
| Price/Earnings | -- | |
| Price/Book | -- | |
| Price/Sales | -- | |
| Price/Cash Flow | -- | |
| Dividend Yield | ||
| LT Earnings | ||
| Historical Earnings | ||
| Sales Growth | ||
| Cash-Flow Growth | ||
| Book-Value Growth |
Key: Lo Hi
Morningstar Summary - HYMAX, 3 Year
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Above Avg | |
| Return | Avg |
Key: Lo Hi
Tax Analysis - HYMAX, 3 Year Avg
| Pretax Return | 7.55% |
|---|---|
| Tax-adjusted Return | 6.74% |
| Tax Cost Ratio | 0.00% |
| Potential Cap Gains | -12.16% |
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