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LBNBX Lord Abbett Bond-Debenture B

  • Fund
  • LBNBX
  • Price as of: Aug 08, 2016
  • $7.89
  • + $0.01
  • + 0.13%
  • Category
  • Corporate Bonds

LBNBX - Profile

Vitals

  • YTD Return 6.2%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $9.21 B
  • Holdings in Top 10 5.6%

52 WEEK LOW AND HIGH

$7.89
$6.98
$7.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.62%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 118.51%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2010-03-31

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Corporate Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.31%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Lord Abbett Bond Debenture Fund
  • Fund Family Name Lord Abbett
  • Inception Date Aug 01, 1996
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Steven F. Rocco

LBNBX - Performance

Return Ranking - Trailing

Period LBNBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.2% -70.8% 13.8% 26.15% 2
1 Yr 2.6% -8.8% 18.5% 79.85% 4
3 Yr 4.2% * -5.4% 10.9% 54.36% 3
5 Yr 5.3% * -1.1% 10.0% 31.02% 2
10 Yr 6.1% * 2.6% 10.0% 32.54% 2

* Annualized


Return Ranking - Calendar

Period LBNBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.5% -18.3% 0.0% 54.09% 4
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period LBNBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.2% -70.8% 13.8% 26.15% 2
1 Yr -2.3% -8.8% 16.7% 92.40% 5
3 Yr 3.4% * -5.4% 10.9% 60.58% 4
5 Yr 4.9% * -1.1% 10.0% 37.04% 2
10 Yr 6.1% * 2.4% 10.0% 30.18% 2

* Annualized


Total Return Ranking - Calendar

Period LBNBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.5% -18.3% 0.0% 54.26% 4
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

LBNBX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

LBNBX Category Low Category High LBNBX % Rank Quintile
Net Assets 9.21 B 7.54 M 27.5 B 2.66% 1
Number of Holdings 791 8 2138 2.66% 1
Net Assets in Top 10 497 M 286 K 2.71 B 3.04% 1
Weighting of Top 10 5.6% 3.0% 315.1% 35.36% 5

Top 10 Holdings

  1. FNMA 0.94%
  2. Amazon Com 4.8% 0.74%
  3. Neptune Finco 144A 10.875% 0.61%
  4. T Mobile Usa 6.5% 0.57%
  5. Frontier Comms 11% 0.49%
  6. Whitewave Foods 5.375% 0.45%
  7. Hca 7.5% 0.50%
  8. General Elec FRN 0.44%
  9. British Columbia Prov Cda 2.85% 0.42%
  10. Concho Res 5.5% 0.40%

Asset Allocation

Weighting Category Low Category High LBNBX % Rank Quintile
Bonds
81.10% 31.93% 160.37% 27.76% 4
Stocks
11.63% -3.66% 20.49% 1.52% 1
Other
5.13% -4.78% 28.09% 2.28% 1
Cash
0.94% -60.37% 60.12% 29.66% 5
Convertible Bonds
0.91% 0.00% 11.57% 5.32% 1
Preferred Stocks
0.30% 0.00% 36.53% 14.07% 3

Stock Sector Breakdown

Weighting Category Low Category High LBNBX % Rank Quintile
Basic Materials
1.90% -0.13% 1.90% 0.63% 1
Industrials
1.70% 0.00% 2.09% 1.25% 1
Consumer Cyclical
1.59% -0.61% 7.28% 1.88% 1
Energy
1.38% 0.00% 1.38% 0.63% 1
Healthcare
1.23% -0.62% 1.32% 1.25% 1
Technology
1.20% -0.34% 3.39% 1.88% 1
Consumer Defense
0.93% 0.00% 2.16% 3.75% 1
Financial Services
0.76% 0.00% 10.85% 3.13% 1
Real Estate
0.62% 0.00% 4.51% 2.50% 1
Utilities
0.21% -2.39% 4.09% 3.75% 1
Communication Services
0.10% -1.85% 1.23% 3.75% 1

Stock Geographic Breakdown

Weighting Category Low Category High LBNBX % Rank Quintile
US
10.18% -3.12% 20.00% 1.52% 1
Non US
1.45% -2.39% 3.26% 0.76% 1

Bond Sector Breakdown

Weighting Category Low Category High LBNBX % Rank Quintile
Corporate
72.55% 0.00% 101.23% 23.57% 4
Government
5.07% -11.93% 38.18% 18.63% 3
Securitized
4.12% 0.00% 125.78% 11.41% 2
Cash & Equivalents
0.94% -62.16% 60.12% 30.80% 5
Municipal
0.18% 0.00% 17.82% 13.69% 2
Derivative
0.00% -24.55% 5.60% 1.52% 2

Bond Geographic Breakdown

Weighting Category Low Category High LBNBX % Rank Quintile
US
57.93% 0.00% 151.60% 31.56% 5
Non US
23.17% -9.04% 50.74% 5.70% 1

LBNBX - Expenses

Operational Fees

LBNBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.62% 0.00% 4.34% 15.21% 4
Management Fee 0.45% 0.00% 1.70% 7.60% 3
12b-1 Fee 1.00% 0.00% 1.00% 0.57% 5
Administrative Fee 0.04% 0.01% 0.40% 10.79% 1

Sales Fees

LBNBX Fees (% of AUM) Category Low Category High LBNBX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 5.00% 0.00% 5.50% 3.70% 5

Trading Fees

LBNBX Fees (% of AUM) Category Low Category High LBNBX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover 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.

LBNBX Fees (% of AUM) Category Low Category High LBNBX Rank Quintile
Turnover 118.51% 0.00% 1789.00% 8.75% 4

LBNBX - Distributions

Dividend Yield Analysis

LBNBX Category Low Category High LBNBX % Rank Quintile
Dividend Yield 0.3% 0.05% 2.25% 49.60% 4

Dividend Distribution Analysis

LBNBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

LBNBX Category Low Category High LBNBX % Rank Quintile
Net Income Ratio 3.31% 0.08% 5.98% 33.08% 3

Capital Gain Distribution Analysis

LBNBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

LBNBX - Managers

Steven F. Rocco

Manager

Start Date

Oct 01, 2014

Tenure

1.83

Tenure Rank

15.7%

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.


Robert A. Lee

Manager

Start Date

Dec 31, 2013

Tenure

2.58

Tenure Rank

14.4%

Mr. Lee is the lead portfolio manager for the taxable fixed income strategies. 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.


Leah G. Traub

Manager

Start Date

May 01, 2016

Tenure

0.25

Tenure Rank

18.3%

Ms. Traub is a portfolio manager on the taxable fixed income team. She is the Director of Currency Management and a lead portfolio manager on the emerging markets currency and emerging markets local bond strategies. Ms. Traub joined Lord Abbett in 2007, and was named Partner in 2012. Her prior experience includes: Research Economist at Princeton Economics Group; Research at the National Bureau of Economic Research; Research Assistant at Rutgers University; and Capital Markets Assistant at The Federal Reserve Bank of New York. Ms. Traub received a BA from the University of Chicago, an MA and a Ph.D. from Rutgers University, and has been in the investment business since 2001.


Kewjin Yuoh

Manager

Start Date

Dec 31, 2014

Tenure

1.58

Tenure Rank

16.2%

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 H. O'Brien

Manager

Start Date

Dec 31, 2014

Tenure

1.58

Tenure Rank

16.2%

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.


Tenure Analysis

Category Low

0.0

Category High

24.5

Category Average

5.37

Category Mode

1.6