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Trending ETFs

Lord Abbett Short Duration Core Bond Fund

mutual fund
LDCRX
Payout Change
Pending
Price as of:
$9.23 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
LDCRX (Mutual Fund)

Lord Abbett Short Duration Core Bond Fund

Payout Change
Pending
Price as of:
$9.23 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
LDCRX (Mutual Fund)

Lord Abbett Short Duration Core Bond Fund

Payout Change
Pending
Price as of:
$9.23 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration

Name

As of 10/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.23

$432 M

4.44%

$0.41

1.06%

Vitals

YTD Return

4.6%

1 yr return

6.9%

3 Yr Avg Return

1.5%

5 Yr Avg Return

1.5%

Net Assets

$432 M

Holdings in Top 10

9.5%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.06%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 220.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.23

$432 M

4.44%

$0.41

1.06%

LDCRX - Profile

Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.42%
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett Short Duration Core Bond Fund
  • Fund Family Name
    LORDABBETT
  • Inception Date
    Apr 19, 2017
  • Shares Outstanding
    N/A
  • Share Class
    R3
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kewjin Yuoh

Fund Description

Under normal conditions, the Fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in various types of short duration debt (or fixed income) securities and derivative instruments that are intended to provide economic exposure to such securities. Under normal conditions, the Fund invests substantially all of its assets in debt securities rated investment grade at the time of purchase or determined by Lord Abbett to be of comparable quality. However, the Fund may at times hold below investment grade securities (commonly referred to as “high-yield” or “junk” bonds) if the Fund purchased securities that were considered investment grade at their time of purchase and such securities subsequently are downgraded. The Fund may invest in:

·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, including privately issued mortgage-related securities and commercial mortgage-backed securities (“CMBS”);

·securities issued or guaranteed by the U.S. Government, its agencies and instrumentalities;

·debt securities issued or guaranteed by non-U.S. sovereign governments and their agencies, authorities, political subdivisions, or instrumentalities;

·loans, including bridge loans, novations, assignments, and participations; and

·structured securities and other hybrid instruments, including collateralized loan obligations (“CLOs”).

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, privately issued mortgage-related securities, or securities issued by the U.S. Government, its agencies and instrumentalities.

The Fund seeks to manage interest rate risk through its management of the average duration of the securities it holds in its portfolio. Under normal conditions, the Fund will maintain its average dollar-weighted duration range between one and three years. Subject to the foregoing, the Fund does not have any maturity or duration restrictions and may invest in securities of any maturity or duration. The duration of a security takes into account the pattern of all expected payments of interest and principal on the security over time, including how these payments are affected by changes in interest rates.

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 market value of derivatives providing economic exposure substantially similar to the securities referenced in the Fund’s 80% policy, as described above, will be counted for purposes of measuring the Fund’s compliance with its 80% policy.

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. The portfolio management team uses a blend of fundamental research and quantitative tools to evaluate global economic conditions, opportunities, and risks across different segments of the fixed income market. 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 may engage 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.

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LDCRX - Performance

Return Ranking - Trailing

Period LDCRX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% 1.9% 16.0% 51.33%
1 Yr 6.9% 4.4% 23.9% 75.29%
3 Yr 1.5%* -5.2% 4.6% 41.20%
5 Yr 1.5%* -3.7% 5.1% 65.03%
10 Yr N/A* -18.9% 170.4% N/A

* Annualized

Return Ranking - Calendar

Period LDCRX Return Category Return Low Category Return High Rank in Category (%)
2023 0.5% -1.6% 7.6% 96.37%
2022 -6.4% -17.7% -2.6% 33.20%
2021 -1.6% -4.0% 4.4% 52.10%
2020 0.1% -7.1% 7.6% 90.00%
2019 1.5% -2.3% 9.3% 75.32%

Total Return Ranking - Trailing

Period LDCRX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% 1.9% 16.0% 51.33%
1 Yr 6.9% 4.4% 23.9% 75.29%
3 Yr 1.5%* -5.2% 4.6% 41.20%
5 Yr 1.5%* -3.7% 5.1% 65.03%
10 Yr N/A* -18.9% 170.4% N/A

* Annualized

Total Return Ranking - Calendar

Period LDCRX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% 1.8% 15.2% 70.42%
2022 -4.1% -17.3% -1.3% 32.23%
2021 -0.1% -2.7% 7.7% 51.90%
2020 2.4% -2.4% 14.5% 94.08%
2019 2.9% 0.6% 12.6% 96.20%

NAV & Total Return History


LDCRX - Holdings

Concentration Analysis

LDCRX Category Low Category High LDCRX % Rank
Net Assets 432 M 14.5 K 57.3 B 72.05%
Number of Holdings 560 2 8314 39.92%
Net Assets in Top 10 45.4 M 1.02 M 7.47 B 82.89%
Weighting of Top 10 9.49% 1.9% 112.6% 89.73%

Top 10 Holdings

  1. U.S. Treasury Notes 1.72%
  2. FIXED INC CLEARING CORP.REPO 1.40%
  3. Morgan Stanley 1.09%
  4. BNP Paribas SA 0.91%
  5. HSBC Holdings PLC 0.87%
  6. International Flavors Fragrances Inc 0.79%
  7. Bank of America Corp 0.77%
  8. Bank of America Corp 0.66%
  9. Citigroup Inc 0.65%
  10. Hilton Domestic Operating Company Inc 2023 Term Loan B3 0.63%

Asset Allocation

Weighting Return Low Return High LDCRX % Rank
Bonds
83.33% 0.00% 131.20% 62.55%
Other
16.01% -0.97% 71.57% 26.81%
Convertible Bonds
1.72% 0.00% 27.71% 64.57%
Cash
0.66% -20.59% 71.38% 80.99%
Stocks
0.00% 0.00% 99.91% 77.38%
Preferred Stocks
0.00% 0.00% 24.12% 76.62%

Bond Sector Breakdown

Weighting Return Low Return High LDCRX % Rank
Securitized
45.28% 0.00% 97.27% 14.67%
Corporate
42.17% 0.00% 99.82% 45.14%
Government
9.57% 0.00% 73.63% 71.05%
Cash & Equivalents
0.42% 0.00% 71.38% 74.90%
Municipal
0.10% 0.00% 14.41% 40.57%
Derivative
-0.10% -0.44% 27.90% 94.87%

Bond Geographic Breakdown

Weighting Return Low Return High LDCRX % Rank
US
83.06% 0.00% 131.20% 62.36%
Non US
0.27% 0.00% 82.20% 19.58%

LDCRX - Expenses

Operational Fees

LDCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.01% 3.24% 22.14%
Management Fee 0.30% 0.00% 1.19% 45.44%
12b-1 Fee 0.50% 0.00% 1.00% 70.85%
Administrative Fee 0.04% 0.01% 0.41% 14.08%

Sales Fees

LDCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

LDCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

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.

LDCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 220.00% 2.00% 500.00% 86.27%

LDCRX - Distributions

Dividend Yield Analysis

LDCRX Category Low Category High LDCRX % Rank
Dividend Yield 4.44% 0.00% 11.11% 12.93%

Dividend Distribution Analysis

LDCRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LDCRX Category Low Category High LDCRX % Rank
Net Income Ratio 0.42% -1.27% 4.98% 86.85%

Capital Gain Distribution Analysis

LDCRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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LDCRX - Fund Manager Analysis

Managers

Kewjin Yuoh


Start Date

Tenure

Tenure Rank

Mar 31, 2017

5.17

5.2%

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.

Andrew O'Brien


Start Date

Tenure

Tenure Rank

Mar 31, 2017

5.17

5.2%

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.

Adam Castle


Start Date

Tenure

Tenure Rank

Apr 01, 2021

1.16

1.2%

Mr. Castle joined Lord Abbett in 2015. Mr. Castle was formerly Vice President at Credit Suisse from 2013 to 2015 and Assistant Vice President at AllianceBernstein from 2008 to 2013.

Yoana Koleva


Start Date

Tenure

Tenure Rank

Apr 01, 2021

1.16

1.2%

Ms. Koleva joined Lord Abbett in 2011.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.19 2.41