Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX)
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.
Fund Info
US5439126872
Jun 14, 2015
$1,000,000
Expense Ratio
SDHIX features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lord Abbett Short Duration High Income Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Lord Abbett Short Duration High Income Municipal Bond Fund had a return of 0.77% year-to-date (YTD) and 5.67% in the last 12 months.
SDHIX
0.77%
0.77%
2.18%
5.67%
1.10%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SDHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.70% | 0.77% | |||||||||||
| 2024 | 0.85% | 0.56% | 0.21% | 0.12% | 0.43% | 0.64% | 1.06% | 0.42% | 1.40% | -0.35% | 0.83% | -0.55% | 5.75% |
| 2023 | 2.48% | -1.02% | 0.60% | -0.21% | -0.22% | 1.05% | 0.40% | -0.37% | -1.64% | -0.54% | 2.79% | 1.07% | 4.37% |
| 2022 | -2.36% | -0.74% | -2.93% | -2.55% | 0.66% | -1.75% | 1.75% | -0.74% | -3.02% | -0.80% | 2.86% | 0.34% | -9.08% |
| 2021 | 1.61% | -0.80% | 0.79% | 0.89% | 0.38% | 0.86% | 0.63% | -0.06% | -0.71% | -0.44% | 0.88% | 0.22% | 4.30% |
| 2020 | 1.64% | 1.16% | -8.07% | -1.59% | 1.99% | 2.65% | 1.52% | 0.25% | 0.05% | 0.05% | 1.64% | 1.52% | 2.37% |
| 2019 | 0.59% | 0.74% | 1.18% | 0.46% | 1.04% | 0.52% | 0.64% | 1.28% | -0.26% | 0.12% | 0.31% | 0.44% | 7.27% |
| 2018 | 0.11% | 0.05% | 0.30% | -0.15% | 0.71% | 0.38% | 0.31% | 0.38% | -0.20% | -0.35% | 0.26% | 0.53% | 2.33% |
| 2017 | 1.13% | 0.59% | 0.37% | 0.85% | 0.77% | 0.18% | 0.63% | 1.03% | -0.16% | -0.10% | -0.29% | 0.36% | 5.50% |
| 2016 | 0.69% | 0.45% | 0.30% | 0.77% | 0.23% | 1.01% | 0.43% | 0.28% | -0.04% | -0.48% | -3.65% | 0.09% | 0.00% |
| 2015 | -0.07% | 0.23% | 0.23% | 0.66% | 0.92% | 0.37% | 0.56% | 2.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 88, SDHIX is among the top 12% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Short Duration High Income Municipal Bond Fund provided a 4.15% dividend yield over the last twelve months, with an annual payout of $0.59 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.59 | $0.55 | $0.46 | $0.33 | $0.44 | $0.47 | $0.45 | $0.44 | $0.43 | $0.24 |
Dividend yield | 4.15% | 4.16% | 3.93% | 3.28% | 2.10% | 2.84% | 3.01% | 2.97% | 2.87% | 2.89% | 1.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Short Duration High Income Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2022 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.46 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.33 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.44 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.43 |
| 2015 | $0.02 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett Short Duration High Income Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lord Abbett Short Duration High Income Municipal Bond Fund was 12.84%, occurring on Mar 20, 2020. Recovery took 201 trading sessions.
The current Lord Abbett Short Duration High Income Municipal Bond Fund drawdown is 0.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.84% | Mar 2, 2020 | 15 | Mar 20, 2020 | 201 | Jan 6, 2021 | 216 |
| -12.7% | Aug 6, 2021 | 312 | Oct 26, 2022 | 490 | Sep 30, 2024 | 802 |
| -4.54% | Sep 9, 2016 | 60 | Dec 2, 2016 | 158 | Jul 21, 2017 | 218 |
| -1.57% | Feb 16, 2021 | 8 | Feb 25, 2021 | 46 | Apr 30, 2021 | 54 |
| -1.32% | Dec 9, 2024 | 24 | Jan 14, 2025 | 15 | Feb 5, 2025 | 39 |
Volatility
Volatility Chart
The current Lord Abbett Short Duration High Income Municipal Bond Fund volatility is 0.65%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.