Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
6.1%
1 yr return
16.1%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
1.6%
Net Assets
$4.23 B
Holdings in Top 10
12.4%
Expense Ratio 0.46%
Front Load N/A
Deferred Load N/A
Turnover 112.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal conditions, the Fund pursues its investment objective by investing at least 65% of its net assets in investment grade debt (or fixed income) securities of various types. Such investments include:
·corporate debt securities of U.S. issuers;
·corporate debt securities of non-U.S. (including emerging market) issuers that are denominated in U.S. dollars;
·mortgage-backed, mortgage-related, and other asset-backed securities;
·securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities; and
·inflation-linked investments.
The Fund may invest in Treasury Inflation Protected Securities (“TIPS”), which are U.S. Government bonds whose principal automatically is adjusted for inflation as measured by the Consumer Price Index for All Urban Consumers (“CPI-U”), and other inflation-indexed securities issued by the U.S. Department of Treasury.
The Fund may invest up to 35% of its net assets in any one or a combination of the following types of fixed income securities and other instruments:
·high-yield debt securities (commonly referred to as “lower-rated” or “junk” bonds);
·debt securities of non-U.S. (including emerging market) issuers that are denominated in foreign currencies, including securities of issuers economically tied to emerging market countries;
·loans, including bridge loans, novations, assignments, and participations;
·convertible securities, including convertible bonds and preferred stocks; and
·structured securities and other hybrid instruments, including collateralized loan obligations (“CLOs”).
The investment grade and high-yield debt securities described above may include mortgage-backed, mortgage-related, and other asset-backed securities, which directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans, real property, or other assets. The Fund will not invest more than
25% of its total assets in any industry; however, this limitation does not apply to mortgage-backed securities and privately issued mortgage-related securities.
The Fund may use derivatives to hedge against risk or to gain investment exposure. Currently, the Fund expects to invest in derivatives consisting principally of futures, forwards, options, and swaps. The Fund may use derivatives to seek to enhance returns, to attempt to hedge some of its investment risk, to manage portfolio duration, as a substitute for holding the underlying asset on which the derivative instrument is based, or for cash management purposes. For example, the Fund may invest in or sell short U.S. Treasury futures, securities index futures, other futures, and/or currency forwards to adjust the Fund’s exposure to the direction of interest rates, or for other portfolio management reasons.
The portfolio management team buys and sells securities using a relative value-oriented investment process, meaning the portfolio management team generally seeks more investment exposure to securities believed to be undervalued and less investment exposure to securities believed to be overvalued. The portfolio management team combines top-down and bottom-up analysis to construct its portfolio, using a blend of quantitative and fundamental research. As part of its top-down analysis, the portfolio management team evaluates global economic conditions, including monetary, fiscal, and regulatory policy, as well as the political and geopolitical environment, in order to identify and assess opportunities and risks across different segments of the fixed income market. The portfolio management team employs bottom-up analysis to identify and select securities for investment by the Fund based on in-depth company, industry, and market research and analysis. The portfolio management team applies proprietary filters to this analysis to determine security selection, sector exposure, and term structure. The portfolio management team may actively rotate sector exposure based on its assessment of relative value. The investment team may also consider the risks and return potential presented by environmental, social, and governance (“ESG”) factors in investment decisions. The Fund engages in active and frequent trading of its portfolio securities.
The Fund may sell a security when the Fund believes the security is less likely to benefit from the current market and economic environment, or shows signs of deteriorating fundamentals, among other reasons. The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.
Period | LAUVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.1% | 1.0% | 7.7% | 8.57% |
1 Yr | 16.1% | 2.7% | 21.9% | 22.86% |
3 Yr | -0.8%* | -9.6% | 41.5% | 21.84% |
5 Yr | 1.6%* | -7.2% | 25.9% | 15.00% |
10 Yr | N/A* | 0.3% | 14.6% | 15.15% |
* Annualized
Period | LAUVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -5.6% | 6.3% | 76.57% |
2022 | -18.8% | -28.7% | 142.1% | 50.00% |
2021 | -3.3% | -12.3% | 4.9% | 19.30% |
2020 | 4.1% | -8.0% | 10.6% | 84.43% |
2019 | 8.6% | 4.3% | 13.4% | 83.44% |
Period | LAUVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.1% | 1.0% | 7.7% | 8.57% |
1 Yr | 16.1% | 2.7% | 21.9% | 22.86% |
3 Yr | -0.8%* | -9.6% | 41.5% | 21.84% |
5 Yr | 1.6%* | -7.2% | 25.9% | 15.00% |
10 Yr | N/A* | 0.3% | 14.6% | 14.39% |
* Annualized
Period | LAUVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.9% | -5.6% | 12.9% | 32.57% |
2022 | -15.4% | -25.6% | 151.8% | 28.16% |
2021 | 1.9% | -5.1% | 7.5% | 5.26% |
2020 | 8.6% | -8.0% | 116.0% | 76.05% |
2019 | 10.8% | 6.7% | 17.4% | 90.45% |
LAUVX | Category Low | Category High | LAUVX % Rank | |
---|---|---|---|---|
Net Assets | 4.23 B | 4.83 M | 47.3 B | 18.86% |
Number of Holdings | 498 | 4 | 10344 | 56.57% |
Net Assets in Top 10 | 553 M | -29.6 M | 2.56 B | 17.14% |
Weighting of Top 10 | 12.41% | 1.6% | 143.7% | 53.14% |
Weighting | Return Low | Return High | LAUVX % Rank | |
---|---|---|---|---|
Bonds | 102.66% | 0.00% | 136.47% | 9.71% |
Convertible Bonds | 3.16% | 0.00% | 78.47% | 77.71% |
Other | 3.13% | -4.61% | 11.28% | 16.57% |
Cash | 0.00% | -43.80% | 45.89% | 95.43% |
Stocks | 0.00% | 0.00% | 99.97% | 82.29% |
Preferred Stocks | 0.00% | 0.00% | 9.18% | 82.86% |
Weighting | Return Low | Return High | LAUVX % Rank | |
---|---|---|---|---|
Corporate | 73.60% | 41.80% | 99.52% | 87.43% |
Securitized | 14.66% | 0.00% | 23.18% | 6.86% |
Government | 10.87% | 0.00% | 25.63% | 27.43% |
Municipal | 0.44% | 0.00% | 3.62% | 26.86% |
Cash & Equivalents | 0.00% | 0.00% | 45.89% | 86.29% |
Derivative | -0.01% | -2.67% | 2.11% | 88.00% |
Weighting | Return Low | Return High | LAUVX % Rank | |
---|---|---|---|---|
US | 102.66% | 0.00% | 110.12% | 9.14% |
Non US | 0.00% | 0.00% | 47.05% | 84.00% |
LAUVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.46% | 0.03% | 4.56% | 70.35% |
Management Fee | 0.38% | 0.00% | 1.35% | 63.43% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.04% | 0.02% | 0.45% | 14.86% |
LAUVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
LAUVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
LAUVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 112.00% | 0.00% | 259.00% | 70.52% |
LAUVX | Category Low | Category High | LAUVX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.40% | 0.00% | 6.00% | 1.71% |
LAUVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
LAUVX | Category Low | Category High | LAUVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.81% | 0.38% | 5.93% | 15.03% |
LAUVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.011 | OrdinaryDividend |
Aug 31, 2024 | $0.012 | OrdinaryDividend |
Jul 31, 2024 | $0.012 | OrdinaryDividend |
Jun 30, 2024 | $0.012 | OrdinaryDividend |
Apr 30, 2024 | $0.012 | OrdinaryDividend |
Mar 31, 2024 | $0.012 | OrdinaryDividend |
Feb 29, 2024 | $0.011 | OrdinaryDividend |
Jan 31, 2024 | $0.011 | OrdinaryDividend |
Dec 31, 2023 | $0.011 | OrdinaryDividend |
Nov 30, 2023 | $0.011 | OrdinaryDividend |
Oct 31, 2023 | $0.011 | OrdinaryDividend |
Sep 30, 2023 | $0.011 | OrdinaryDividend |
Aug 31, 2023 | $0.011 | OrdinaryDividend |
Jul 31, 2023 | $0.011 | OrdinaryDividend |
Jun 30, 2023 | $0.010 | OrdinaryDividend |
May 31, 2023 | $0.010 | OrdinaryDividend |
Apr 30, 2023 | $0.010 | OrdinaryDividend |
Mar 31, 2023 | $0.010 | OrdinaryDividend |
Feb 28, 2023 | $0.010 | OrdinaryDividend |
Jan 31, 2023 | $0.010 | OrdinaryDividend |
Dec 31, 2022 | $0.010 | OrdinaryDividend |
Nov 30, 2022 | $0.010 | OrdinaryDividend |
Oct 31, 2022 | $0.010 | OrdinaryDividend |
Sep 30, 2022 | $0.010 | OrdinaryDividend |
Aug 31, 2022 | $0.010 | OrdinaryDividend |
Jul 29, 2022 | $0.009 | OrdinaryDividend |
Jun 30, 2022 | $0.009 | OrdinaryDividend |
May 31, 2022 | $0.008 | OrdinaryDividend |
Apr 30, 2022 | $0.008 | OrdinaryDividend |
Mar 31, 2022 | $0.008 | OrdinaryDividend |
Feb 28, 2022 | $0.008 | OrdinaryDividend |
Jan 31, 2022 | $0.008 | OrdinaryDividend |
Dec 31, 2021 | $0.008 | OrdinaryDividend |
Dec 17, 2021 | $0.002 | CapitalGainShortTerm |
Dec 17, 2021 | $0.047 | CapitalGainLongTerm |
Nov 30, 2021 | $0.008 | OrdinaryDividend |
Oct 29, 2021 | $0.008 | OrdinaryDividend |
Sep 30, 2021 | $0.008 | OrdinaryDividend |
Aug 31, 2021 | $0.008 | OrdinaryDividend |
Jul 30, 2021 | $0.008 | OrdinaryDividend |
Jun 30, 2021 | $0.008 | OrdinaryDividend |
May 28, 2021 | $0.008 | OrdinaryDividend |
Apr 30, 2021 | $0.008 | OrdinaryDividend |
Mar 31, 2021 | $0.008 | OrdinaryDividend |
Feb 28, 2021 | $0.008 | OrdinaryDividend |
Jan 29, 2021 | $0.009 | OrdinaryDividend |
Dec 31, 2020 | $0.009 | OrdinaryDividend |
Nov 30, 2020 | $0.009 | OrdinaryDividend |
Oct 30, 2020 | $0.009 | OrdinaryDividend |
Sep 30, 2020 | $0.009 | OrdinaryDividend |
Aug 31, 2020 | $0.009 | OrdinaryDividend |
Jul 31, 2020 | $0.009 | OrdinaryDividend |
Jun 30, 2020 | $0.010 | OrdinaryDividend |
May 29, 2020 | $0.010 | OrdinaryDividend |
Apr 30, 2020 | $0.010 | OrdinaryDividend |
Mar 31, 2020 | $0.010 | OrdinaryDividend |
Feb 28, 2020 | $0.009 | OrdinaryDividend |
Jan 31, 2020 | $0.010 | OrdinaryDividend |
Dec 31, 2019 | $0.010 | OrdinaryDividend |
Nov 29, 2019 | $0.010 | OrdinaryDividend |
Oct 31, 2019 | $0.010 | OrdinaryDividend |
Sep 30, 2019 | $0.010 | OrdinaryDividend |
Aug 30, 2019 | $0.010 | OrdinaryDividend |
Jul 31, 2019 | $0.010 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Sep 02, 1997
24.76
24.8%
Robert A. Lee is a Partner and Chief Investment Officer at the Lord Abbett & Company. Mr. Lee joined Lord Abbett in 1997 and was named Partner in 2002. His prior experience includes: Portfolio Manager and Vice President at ARM Capital Advisors; Assistant Portfolio Manager and Assistant Vice President at Kidder Peabody Asset Management; and Fixed Income Research Analyst at The First Boston Corporation. Mr. Lee received a BS from the University of Pennsylvania. He has been in the investment business since 1991.
Start Date
Tenure
Tenure Rank
Jan 08, 1998
24.41
24.4%
Mr. O’Brien is a lead portfolio manager for the taxable fixed income strategies. Mr. O’Brien joined Lord Abbett in 1998 and was named Partner in 2008. Mr. O’Brien received a BA from Princeton University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1998.
Start Date
Tenure
Tenure Rank
Apr 01, 2012
10.17
10.2%
Mr. Yuoh is a portfolio manager for the taxable fixed income strategies. Mr. Yuoh joined Lord Abbett in 2010, and was named Partner in 2012. His prior experience includes: Senior Vice President – Director of Fundamental Research and Senior Portfolio Manager at Alliance Bernstein, LLP; Vice President – Senior Portfolio Manager at Credit Suisse Asset Management; and Mortgage-Backed Securities Portfolio Manager at Sanford C. Bernstein & Co., Inc. Mr. Yuoh received a BS from Cornell University and has been in the investment business since 1994.
Start Date
Tenure
Tenure Rank
Apr 01, 2016
6.17
6.2%
Mr. Rocco is Partner and Director of Taxable Fixed Income of Lord Abbett. Mr. Rocco is a lead portfolio manager for the high yield fixed income strategy and also contributes as portfolio manager to the multi-sector fixed-income strategy. Mr. Rocco joined Lord Abbett in 2004 and was named Partner in 2011. Mr. Rocco joined Lord Abbett as an associate portfolio manager and then transitioned to lead portfolio manager for our short duration and corporate bond strategies. He was previously a Consultant at FactSet. Mr. Rocco received a BA from Cornell University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 2001.
Start Date
Tenure
Tenure Rank
Jan 02, 2020
2.41
2.4%
Ms. Koleva joined Lord Abbett in 2011.
Start Date
Tenure
Tenure Rank
Jan 02, 2020
2.41
2.4%
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.33 | 24.76 | 6.74 | 4.41 |
Dividend Investing Ideas Center
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