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 12/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
10.4%
1 yr return
12.2%
3 Yr Avg Return
5.4%
5 Yr Avg Return
N/A
Net Assets
$2.49 B
Holdings in Top 10
8.3%
Expense Ratio 0.43%
Front Load N/A
Deferred Load N/A
Turnover 69.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal conditions, the Fund invests 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). Debt securities in which the Fund may invest include bonds, debentures, notes, commercial paper, corporate debt securities, floating or adjustable rate loans (including bridge loans, novations, assignments, and participations), which may include “covenant-lite” obligations, securities that are convertible into common stock or have warrants to purchase common stock, and other similar types of debt obligations.
High-yield debt securities are debt securities that are rated BB/Ba or lower, or an equivalent short-term rating, as applicable, by an independent rating agency, or are unrated but determined by Lord Abbett to be of comparable quality. 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 up to 20% of its net assets in foreign securities (including emerging market securities and American Depositary Receipts (“ADRs”), and other similar depositary receipts). The Fund defines foreign securities as securities of non-U.S. issuers that are denominated in non-U.S. currencies.
The Fund attempts to manage interest rate risk through its management of the average duration of the securities it holds in its portfolio. Normally, the Fund will seek to maintain a weighted average duration range of three years or less. 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 longer a portfolio’s duration, the more sensitive it is to interest rate risk. The shorter a portfolio’s duration, the less sensitive it is to interest rate risk. Because the Fund primarily invests in short duration bonds, it is less sensitive to interest rate changes than a fund that focuses on longer duration bonds.
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 U.S. Treasury futures or sell U.S. Treasury futures short 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 Fund’s portfolio management team 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 portfolio management team seeks to invest across the ratings spectrum, particularly in lower-rated debt securities. The portfolio management team seeks to purchase lower-rated securities that it 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, 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 investment risk through portfolio diversification, credit analysis, and attention to current developments and trends in interest rates and economic conditions. The investment team may alsoconsider 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.
Period | LSYUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.4% | -7.5% | 17.7% | 11.00% |
1 Yr | 12.2% | -4.7% | 18.4% | 29.72% |
3 Yr | 5.4%* | -14.4% | 21.6% | 3.33% |
5 Yr | N/A* | -11.4% | 37.2% | N/A |
10 Yr | N/A* | -4.7% | 20.4% | N/A |
* Annualized
Period | LSYUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.5% | -4.7% | 14.3% | 86.07% |
2022 | -11.4% | -33.4% | 3.6% | 10.93% |
2021 | -1.3% | -8.4% | 8.2% | 86.25% |
2020 | N/A | -13.2% | 302.7% | N/A |
2019 | N/A | -4.4% | 13.3% | N/A |
Period | LSYUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.4% | -7.5% | 17.7% | 11.00% |
1 Yr | 12.2% | -4.7% | 18.4% | 29.72% |
3 Yr | 5.4%* | -14.4% | 21.6% | 3.33% |
5 Yr | N/A* | -11.4% | 37.2% | N/A |
10 Yr | N/A* | -4.7% | 20.4% | N/A |
* Annualized
Period | LSYUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.1% | -4.7% | 18.7% | 53.61% |
2022 | -5.7% | -33.4% | 47.8% | 8.94% |
2021 | 6.3% | -8.4% | 12.4% | 24.05% |
2020 | N/A | -9.6% | 325.6% | N/A |
2019 | N/A | -3.8% | 19.4% | N/A |
LSYUX | Category Low | Category High | LSYUX % Rank | |
---|---|---|---|---|
Net Assets | 2.49 B | 3.13 M | 25.3 B | 21.73% |
Number of Holdings | 785 | 2 | 4432 | 14.12% |
Net Assets in Top 10 | 428 M | -492 M | 6.67 B | 18.72% |
Weighting of Top 10 | 8.30% | 4.2% | 146.0% | 88.34% |
Weighting | Return Low | Return High | LSYUX % Rank | |
---|---|---|---|---|
Bonds | 104.20% | 0.00% | 145.36% | 1.96% |
Cash | 3.79% | -52.00% | 48.02% | 46.47% |
Convertible Bonds | 1.28% | 0.00% | 17.89% | 42.53% |
Other | 1.24% | -39.08% | 99.23% | 12.97% |
Preferred Stocks | 0.21% | 0.00% | 4.97% | 29.72% |
Stocks | 0.00% | 0.00% | 97.54% | 82.19% |
Weighting | Return Low | Return High | LSYUX % Rank | |
---|---|---|---|---|
Corporate | 95.09% | 0.00% | 100.00% | 50.66% |
Securitized | 4.91% | 0.00% | 97.24% | 10.20% |
Cash & Equivalents | 3.79% | 0.00% | 48.02% | 40.89% |
Derivative | 0.25% | -14.58% | 42.26% | 12.64% |
Municipal | 0.00% | 0.00% | 1.17% | 50.82% |
Government | 0.00% | 0.00% | 99.07% | 63.65% |
Weighting | Return Low | Return High | LSYUX % Rank | |
---|---|---|---|---|
US | 98.34% | 0.00% | 126.57% | 7.06% |
Non US | 5.86% | 0.00% | 96.91% | 14.45% |
LSYUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.43% | 0.02% | 38.33% | 92.62% |
Management Fee | 0.32% | 0.00% | 1.75% | 7.36% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
LSYUX 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 |
LSYUX 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.
LSYUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 69.00% | 1.00% | 255.00% | 63.55% |
LSYUX | Category Low | Category High | LSYUX % Rank | |
---|---|---|---|---|
Dividend Yield | 8.00% | 0.00% | 11.76% | 3.10% |
LSYUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
LSYUX | Category Low | Category High | LSYUX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.81% | -2.39% | 9.30% | 27.59% |
LSYUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Nov 30, 2024 | $0.067 | OrdinaryDividend |
Oct 31, 2024 | $0.066 | OrdinaryDividend |
Sep 30, 2024 | $0.069 | OrdinaryDividend |
Aug 31, 2024 | $0.071 | OrdinaryDividend |
Jul 31, 2024 | $0.070 | OrdinaryDividend |
Jun 30, 2024 | $0.070 | OrdinaryDividend |
Apr 30, 2024 | $0.070 | OrdinaryDividend |
Mar 31, 2024 | $0.070 | OrdinaryDividend |
Feb 29, 2024 | $0.069 | OrdinaryDividend |
Jan 31, 2024 | $0.071 | OrdinaryDividend |
Dec 31, 2023 | $0.066 | OrdinaryDividend |
Nov 30, 2023 | $0.066 | OrdinaryDividend |
Oct 31, 2023 | $0.068 | OrdinaryDividend |
Sep 30, 2023 | $0.065 | OrdinaryDividend |
Aug 31, 2023 | $0.066 | OrdinaryDividend |
Jul 31, 2023 | $0.066 | OrdinaryDividend |
Jun 30, 2023 | $0.065 | OrdinaryDividend |
May 31, 2023 | $0.064 | OrdinaryDividend |
Apr 30, 2023 | $0.063 | OrdinaryDividend |
Mar 31, 2023 | $0.064 | OrdinaryDividend |
Feb 28, 2023 | $0.063 | OrdinaryDividend |
Jan 31, 2023 | $0.061 | OrdinaryDividend |
Dec 31, 2022 | $0.057 | OrdinaryDividend |
Nov 30, 2022 | $0.056 | OrdinaryDividend |
Oct 31, 2022 | $0.053 | OrdinaryDividend |
Sep 30, 2022 | $0.056 | OrdinaryDividend |
Aug 31, 2022 | $0.055 | OrdinaryDividend |
Jul 31, 2022 | $0.054 | OrdinaryDividend |
Jun 30, 2022 | $0.052 | OrdinaryDividend |
May 31, 2022 | $0.053 | OrdinaryDividend |
Apr 29, 2022 | $0.052 | OrdinaryDividend |
Mar 31, 2022 | $0.052 | OrdinaryDividend |
Feb 28, 2022 | $0.049 | OrdinaryDividend |
Jan 31, 2022 | $0.050 | OrdinaryDividend |
Dec 31, 2021 | $0.050 | OrdinaryDividend |
Dec 17, 2021 | $0.018 | OrdinaryDividend |
Dec 17, 2021 | $0.098 | CapitalGainShortTerm |
Dec 17, 2021 | $0.057 | CapitalGainLongTerm |
Nov 30, 2021 | $0.048 | OrdinaryDividend |
Oct 29, 2021 | $0.049 | OrdinaryDividend |
Sep 30, 2021 | $0.049 | OrdinaryDividend |
Aug 31, 2021 | $0.048 | OrdinaryDividend |
Jul 31, 2021 | $0.049 | OrdinaryDividend |
Jun 30, 2021 | $0.051 | OrdinaryDividend |
May 28, 2021 | $0.046 | OrdinaryDividend |
Apr 30, 2021 | $0.048 | OrdinaryDividend |
Mar 31, 2021 | $0.050 | OrdinaryDividend |
Feb 28, 2021 | $0.049 | OrdinaryDividend |
Jan 31, 2021 | $0.049 | OrdinaryDividend |
Dec 31, 2020 | $0.052 | OrdinaryDividend |
Dec 18, 2020 | $0.070 | CapitalGainShortTerm |
Dec 18, 2020 | $0.004 | CapitalGainLongTerm |
Nov 30, 2020 | $0.055 | OrdinaryDividend |
Oct 30, 2020 | $0.057 | OrdinaryDividend |
Sep 30, 2020 | $0.056 | OrdinaryDividend |
Aug 31, 2020 | $0.056 | OrdinaryDividend |
Jul 31, 2020 | $0.059 | OrdinaryDividend |
Jun 30, 2020 | $0.057 | OrdinaryDividend |
May 29, 2020 | $0.053 | OrdinaryDividend |
Apr 30, 2020 | $0.006 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Apr 22, 2020
2.11
2.1%
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
Apr 22, 2020
2.11
2.1%
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 | 7.31 | 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...