SDHAX Fees and Costs — Lord Abbett Short Duration High Income Municipal Bond Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 0.66%: a 0.33% management fee, a 0.20% 12b-1 fee plus 0.13% other expenses. This share class carries a maximum front-end sales load of 2.25%. Portfolio turnover was 29%.
SDHAX Fees and Expenses
Annual operating expenses and sales charges of SDHAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SDHAX Costs Over Time
On $10,000 invested in SDHAX, assuming 5% a year before costs, total costs come to $693 over 5 years, cutting the return by 1.17% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.66%) | $68 | $212 | $369 |
| Lost growth on money paid in costs | $11 | $46 | $99 |
| Total costs | $304 | $483 | $693 |
| Value after costs | $10,196 | $11,093 | $12,069 |
| Impact on return, per year | 3.04% | 1.48% | 1.17% |
SDHAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.0B
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
SDHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $605.8M | 21.98% |
| J.P. Morgan Securities LLC | $577.8M | 20.96% |
| Wells Fargo Securities, LLC | $422.2M | 15.32% |
| BofA Securities, Inc. | $301.7M | 10.95% |
| BNY Capital Markets, LLC | $257.2M | 9.33% |
| Goldman Sachs & Co. LLC | $212.2M | 7.70% |
| Jefferies LLC | $202.7M | 7.35% |
| Morgan Stanley & Co. LLC | $88.1M | 3.20% |
| Piper Sandler & Co. | $44.5M | 1.62% |
| RBC Capital Markets, LLC | $43.8M | 1.59% |
Lord Abbett Short Duration High Income Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HYMQX | Class F3 | 0.41% | none |
| SDHIX | Class I | 0.46% | none |
| SDHFX | Class F | 0.56% | none |
| SDHAX | Class A | 0.66% | 2.25% |
| SDHCX | Class C | 1.31% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.