Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX)

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Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) is up 2.0% since the beginning of the year. SDHIX is currently trading at $14 per share. Investors who bought $1,000 worth of SDHIX shares 5 years ago would now be looking at an investment worth $1,066.

Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) has returned 1.99% so far this year and 5.73% over the past 12 months. Over the last ten years, SDHIX has returned 2.05% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 4, 2016, SDHIX's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2022 with a return of +2.9%, while the worst month was Mar 2020 at -8.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, SDHIX closed higher 34% of trading days. The best single day was Mar 26, 2020 with a return of +2.2%, while the worst single day was Mar 19, 2020 at -3.1%.

Lord Abbett Short Duration High Income Municipal Bond Fund has an annualized alpha of 1.76%, beta of 0.03, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.

• This fund participated in 13.55% of S&P 500 Index downside but only 11.42% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R2 of 0.03 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.03 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SDHIX has an expense ratio of 0.50%, placing it in the medium range.

SDHIX ranks 79 for risk / return — better than 79% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Lord Abbett Short Duration High Income Municipal Bond Fund provided a 4.34% dividend yield over the last twelve months, with an annual payout of $0.62 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

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.

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 13.36%, occurring on Oct 26, 2022. Recovery took 586 trading sessions.

The chart below shows the rolling one-month volatility.