SDHIX Fees and Costs — Lord Abbett Short Duration High Income Municipal Bond Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 0.46%: a 0.33% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 29%.
SDHIX Fees and Expenses
Annual operating expenses and sales charges of SDHIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.46% |
| Fee waiver | — |
| Net expense ratio | 0.46% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
SDHIX Costs Over Time
On $10,000 invested in SDHIX, assuming 5% a year before costs, total costs come to $291 over 5 years, cutting the return by 0.48% 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 |
| Fund expenses (net expense ratio 0.46%) | $48 | $152 | $264 |
| Lost growth on money paid in costs | $0 | $7 | $27 |
| Total costs | $48 | $159 | $291 |
| Value after costs | $10,452 | $11,417 | $12,472 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
SDHIX 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
SDHIX 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.