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 10/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
8.9%
1 yr return
17.2%
3 Yr Avg Return
1.2%
5 Yr Avg Return
3.4%
Net Assets
$3.81 B
Holdings in Top 10
6.9%
Expense Ratio 0.97%
Front Load N/A
Deferred Load N/A
Turnover 113.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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 lower-rated debt securities (commonly referred to as “high-yield” or “junk” bonds), including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock. The Fund may invest in debt securities of any credit quality, including defaulted securities (i.e., bonds on which the issuer has not paid principal or interest on time) and securities of issuers that are or may become involved in reorganizations, financial restructurings, or bankruptcy (commonly referred to as “distressed debt”). The Fund may invest in structured securities and other hybrid instruments, including collateralized loan obligations (“CLOs”). The Fund may invest up to 20% of its net assets in foreign securities (including emerging market securities and American Depositary Receipts (“ADRs”)). The Fund defines foreign securities as securities of non-U.S. issuers that are denominated in non-U.S. currencies. In addition, the Fund may invest up to 20% of its net assets in municipal securities. The Fund also may invest up to 15% of its net assets in floating or adjustable rate loans, including bridge loans, novations, assignments, and participations.
The Fund also may invest up to 20% of its net assets in equity securities. Equity securities include common stocks, preferred stocks, convertible preferred stocks, warrants, rights to purchase equity securities of an issuer, and equity interests in trusts and partnerships, including real estate investment trusts (“REITs”). The Fund may acquire equity securities as a result of restructurings of debt securities held in its portfolio. In addition, the Fund may purchase equity securities to pursue capital appreciation or to diversify its portfolio.
The Fund may invest in 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, privately issued mortgage-related securities, or securities issued by the U.S. Government, its agencies and instrumentalities.
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 Fund believes high total return (current income and capital appreciation) may be derived from an actively-managed, diversified portfolio of investments. In addition to seeking current income, the Fund seeks to invest across the ratings spectrum, particularly in lower-rated debt securities. The Fund seeks to purchase lower-rated securities the Fund believes will experience declining credit risk, allowing the securities potentially to generate higher returns.
The portfolio management team selects securities using a bottom-up analysis of an issuer’s management quality, credit risk, and relative market position, and industry dynamics, as well as an evaluation of conditions within the broader economy. The portfolio management team attempts to reduce risk through portfolio diversification, credit analysis, and attention to current developments and trends in interest rates and economic conditions. 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 | LHYSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.9% | -5.4% | 15.4% | 27.51% |
1 Yr | 17.2% | -0.4% | 20.0% | 41.42% |
3 Yr | 1.2%* | -14.9% | 20.9% | 87.75% |
5 Yr | 3.4%* | -11.8% | 37.5% | 78.91% |
10 Yr | N/A* | -5.1% | 20.1% | 14.10% |
* Annualized
Period | LHYSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -4.7% | 14.3% | 87.01% |
2022 | -18.5% | -33.4% | 3.6% | 87.05% |
2021 | 1.1% | -8.4% | 8.2% | 22.28% |
2020 | -0.9% | -13.2% | 302.7% | 65.50% |
2019 | 8.7% | -4.4% | 13.3% | 34.95% |
Period | LHYSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.9% | -5.4% | 15.4% | 27.51% |
1 Yr | 17.2% | -0.4% | 20.0% | 41.42% |
3 Yr | 1.2%* | -14.9% | 20.9% | 87.75% |
5 Yr | 3.4%* | -11.8% | 37.5% | 78.91% |
10 Yr | N/A* | -5.1% | 20.1% | 14.00% |
* Annualized
Period | LHYSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.3% | -4.7% | 18.7% | 83.28% |
2022 | -13.9% | -33.4% | 47.8% | 91.31% |
2021 | 6.4% | -8.4% | 12.4% | 22.45% |
2020 | 5.0% | -9.6% | 325.6% | 59.72% |
2019 | 11.7% | -3.8% | 19.4% | 78.92% |
LHYSX | Category Low | Category High | LHYSX % Rank | |
---|---|---|---|---|
Net Assets | 3.81 B | 3.13 M | 23.6 B | 14.72% |
Number of Holdings | 718 | 2 | 3879 | 19.51% |
Net Assets in Top 10 | 251 M | -492 M | 5.25 B | 26.02% |
Weighting of Top 10 | 6.92% | 4.2% | 146.0% | 92.68% |
Weighting | Return Low | Return High | LHYSX % Rank | |
---|---|---|---|---|
Bonds | 96.42% | 0.00% | 145.36% | 38.67% |
Stocks | 3.15% | 0.00% | 99.64% | 18.77% |
Cash | 3.00% | -52.00% | 48.02% | 63.90% |
Other | 0.87% | -39.08% | 99.96% | 15.61% |
Convertible Bonds | 0.51% | 0.00% | 17.89% | 79.02% |
Preferred Stocks | 0.18% | 0.00% | 4.97% | 29.92% |
Weighting | Return Low | Return High | LHYSX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 33.98% | 0.00% | 100.00% | 9.65% |
Energy | 33.74% | 0.00% | 100.00% | 48.54% |
Real Estate | 16.27% | 0.00% | 86.71% | 7.02% |
Basic Materials | 16.01% | 0.00% | 100.00% | 9.94% |
Utilities | 0.00% | 0.00% | 100.00% | 72.81% |
Technology | 0.00% | 0.00% | 33.17% | 77.19% |
Industrials | 0.00% | 0.00% | 93.12% | 77.49% |
Healthcare | 0.00% | 0.00% | 22.17% | 72.22% |
Financial Services | 0.00% | 0.00% | 100.00% | 77.19% |
Communication Services | 0.00% | 0.00% | 99.99% | 85.67% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 73.10% |
Weighting | Return Low | Return High | LHYSX % Rank | |
---|---|---|---|---|
US | 3.15% | 0.00% | 99.64% | 18.86% |
Non US | 0.00% | -0.01% | 0.83% | 74.31% |
Weighting | Return Low | Return High | LHYSX % Rank | |
---|---|---|---|---|
Corporate | 97.82% | 0.00% | 100.00% | 18.89% |
Cash & Equivalents | 3.00% | 0.00% | 48.02% | 51.87% |
Securitized | 2.05% | 0.00% | 97.24% | 17.26% |
Government | 0.04% | 0.00% | 99.07% | 31.27% |
Municipal | 0.00% | 0.00% | 1.17% | 71.17% |
Derivative | 0.00% | -14.19% | 42.26% | 93.01% |
Weighting | Return Low | Return High | LHYSX % Rank | |
---|---|---|---|---|
US | 92.12% | 0.00% | 126.57% | 62.76% |
Non US | 4.30% | 0.00% | 96.91% | 19.67% |
LHYSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.97% | 0.02% | 38.33% | 50.65% |
Management Fee | 0.54% | 0.00% | 1.75% | 41.33% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 47.87% |
Administrative Fee | 0.04% | 0.00% | 0.50% | 19.05% |
LHYSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
LHYSX 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.
LHYSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 113.00% | 1.00% | 255.00% | 91.47% |
LHYSX | Category Low | Category High | LHYSX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.00% | 0.00% | 11.76% | 26.49% |
LHYSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
LHYSX | Category Low | Category High | LHYSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.54% | -2.39% | 9.30% | 41.89% |
LHYSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.038 | OrdinaryDividend |
Aug 31, 2024 | $0.038 | OrdinaryDividend |
Jul 31, 2024 | $0.038 | OrdinaryDividend |
Jun 30, 2024 | $0.038 | OrdinaryDividend |
Apr 30, 2024 | $0.038 | OrdinaryDividend |
Mar 31, 2024 | $0.033 | OrdinaryDividend |
Feb 29, 2024 | $0.038 | OrdinaryDividend |
Jan 31, 2024 | $0.036 | OrdinaryDividend |
Dec 31, 2023 | $0.036 | OrdinaryDividend |
Nov 30, 2023 | $0.035 | OrdinaryDividend |
Oct 31, 2023 | $0.035 | OrdinaryDividend |
Sep 30, 2023 | $0.035 | OrdinaryDividend |
Aug 31, 2023 | $0.035 | OrdinaryDividend |
Jul 31, 2023 | $0.034 | OrdinaryDividend |
Jun 30, 2023 | $0.033 | OrdinaryDividend |
May 31, 2023 | $0.033 | OrdinaryDividend |
Apr 30, 2023 | $0.033 | OrdinaryDividend |
Mar 31, 2023 | $0.031 | OrdinaryDividend |
Feb 28, 2023 | $0.032 | OrdinaryDividend |
Jan 31, 2023 | $0.030 | OrdinaryDividend |
Dec 31, 2022 | $0.030 | OrdinaryDividend |
Nov 30, 2022 | $0.001 | ReturnOfCapital |
Nov 30, 2022 | $0.030 | OrdinaryDividend |
Oct 31, 2022 | $0.001 | ReturnOfCapital |
Oct 31, 2022 | $0.028 | OrdinaryDividend |
Sep 30, 2022 | $0.030 | OrdinaryDividend |
Aug 31, 2022 | $0.031 | OrdinaryDividend |
Jul 31, 2022 | $0.031 | OrdinaryDividend |
Jun 30, 2022 | $0.031 | OrdinaryDividend |
May 31, 2022 | $0.001 | ReturnOfCapital |
May 31, 2022 | $0.030 | OrdinaryDividend |
Apr 30, 2022 | $0.031 | OrdinaryDividend |
Mar 31, 2022 | $0.032 | OrdinaryDividend |
Feb 28, 2022 | $0.031 | OrdinaryDividend |
Jan 31, 2022 | $0.030 | OrdinaryDividend |
Dec 31, 2021 | $0.030 | OrdinaryDividend |
Dec 17, 2021 | $0.010 | CapitalGainShortTerm |
Nov 30, 2021 | $0.033 | OrdinaryDividend |
Oct 31, 2021 | $0.029 | OrdinaryDividend |
Sep 30, 2021 | $0.029 | OrdinaryDividend |
Aug 31, 2021 | $0.029 | OrdinaryDividend |
Jul 31, 2021 | $0.029 | OrdinaryDividend |
Jun 30, 2021 | $0.030 | OrdinaryDividend |
May 31, 2021 | $0.030 | OrdinaryDividend |
Apr 30, 2021 | $0.030 | OrdinaryDividend |
Mar 31, 2021 | $0.029 | OrdinaryDividend |
Feb 28, 2021 | $0.029 | OrdinaryDividend |
Jan 31, 2021 | $0.020 | OrdinaryDividend |
Dec 31, 2020 | $0.029 | OrdinaryDividend |
Nov 30, 2020 | $0.030 | OrdinaryDividend |
Oct 30, 2020 | $0.028 | OrdinaryDividend |
Sep 30, 2020 | $0.030 | OrdinaryDividend |
Aug 31, 2020 | $0.030 | OrdinaryDividend |
Jul 31, 2020 | $0.031 | OrdinaryDividend |
Jun 30, 2020 | $0.032 | OrdinaryDividend |
May 29, 2020 | $0.032 | OrdinaryDividend |
Apr 30, 2020 | $0.033 | OrdinaryDividend |
Mar 31, 2020 | $0.035 | OrdinaryDividend |
Feb 28, 2020 | $0.033 | OrdinaryDividend |
Jan 31, 2020 | $0.034 | OrdinaryDividend |
Dec 31, 2019 | $0.032 | OrdinaryDividend |
Nov 29, 2019 | $0.033 | OrdinaryDividend |
Oct 31, 2019 | $0.034 | OrdinaryDividend |
Sep 30, 2019 | $0.033 | OrdinaryDividend |
Aug 30, 2019 | $0.033 | OrdinaryDividend |
Jul 31, 2019 | $0.034 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Dec 08, 2010
11.48
11.5%
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
Oct 15, 2013
8.63
8.6%
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
Apr 01, 2018
4.17
4.2%
Christopher J. Gizzo, Portfolio Manager, has joined Lord Abbett in 2008.
Start Date
Tenure
Tenure Rank
Apr 01, 2021
1.16
1.2%
Karen Gunnerson is responsible for contributing to the management for the firm’s taxable-fixed income strategies with a focus on high yield and bank loan securities. Ms. Gunnerson joined Lord Abbett in 2017. Her previous experience includes serving as Investment Grade Credit Desk Strategist at RBC Capital Markets, and as a Corporate Credit Risk Associate at Bank of America Merrill Lynch. She has worked in the financial services industry since 2010. She earned a BS in finance from the Warrington College of Business at the University of Florida.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.3 | 8.17 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...