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LDLAX Lord Abbett Short Duration Income C

  • Fund
  • LDLAX
  • Price as of: Jun 26, 2017
  • $4.32
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

LDLAX - Profile

Vitals

  • YTD Return -0.2%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $40.6 B
  • Holdings in Top 10 5.9%

52 WEEK LOW AND HIGH

$4.32
$4.32
$4.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.23%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 50.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,500

IRA

$1,500

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Lord Abbett Short Duration Income Fund
  • Fund Family Name Lord Abbett
  • Inception Date Jul 15, 1996
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Kewjin Yuoh

Fund Description

The Lord Abbett Short Duration Income Fund Class C (LDLAX) is an actively managed mutual fund that provides the highest income possible while keeping duration risk to a minimum. The fund bets on a variety of short-term bonds, including corporates, Treasuries, junk bonds and other asset-backed securities, all within a short duration range. LDLAX seeks to maximize income payments. Fund management undertakes extensive credit research to find the best high-yielding debt that will provide a boost to the income potential of the fund without increasing the risk factor. Expenses are lower than average.

The fund makes an ideal core positon for investors worried about duration risk and is managed by Lord Abbett Capital.

LDLAX - Performance

Return Ranking - Trailing

Period LDLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.2% -9.5% 15.3% 62.28% 5
1 Yr 2.5% -12.6% 26.7% 46.52% 3
3 Yr 1.3% * -6.2% 9.3% 66.89% 4
5 Yr 2.0% * -2.4% 14.6% 56.82% 3
10 Yr 3.7% * -2.0% 10.3% 55.22% 3

* Annualized


Return Ranking - Calendar

Period LDLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -0.2% -10.9% 192.8% 47.98% 4
2015 -3.3% -33.0% 4.2% 41.79% 4
2014 -2.0% -9.3% 14.9% 56.91% 5
2013 -2.1% -24.1% 40.4% 25.47% 2
2012 2.4% -100.0% 18.7% 37.26% 3

Total Return Ranking - Trailing

Period LDLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.2% -7.3% 15.3% 62.30% 5
1 Yr 1.6% -12.6% 26.7% 54.69% 3
3 Yr 1.3% * -7.5% 9.3% 58.05% 3
5 Yr 2.0% * -2.8% 14.6% 52.34% 3
10 Yr 3.7% * -2.0% 10.3% 53.39% 3

* Annualized


Total Return Ranking - Calendar

Period LDLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -0.2% -9.5% 195.3% 57.45% 5
2015 -3.3% -32.5% 7.4% 59.61% 5
2014 -2.0% -8.3% 16.8% 69.95% 5
2013 -2.0% -12.9% 58.5% 41.37% 3
2012 2.4% -100.0% 35.2% 57.72% 4

NAV & Total Return History

LDLAX - Holdings

Filings data as of: Apr 30, 2017

Concentration Analysis

LDLAX Category Low Category High LDLAX % Rank Quintile
Net Assets 40.6 B 319 K 182 B 0.61% 1
Number of Holdings 1569 1 17399 2.70% 1
Net Assets in Top 10 2.35 B -36 B 46.7 B 1.93% 1
Weighting of Top 10 5.9% 0.0% 1093.9% 31.64% 5

Top 10 Holdings

  1. US Treasury Note 1.625% 0.97%
  2. US Treasury Note 1.375% 0.72%
  3. Hbos Plc Sub Mtn 144a 144A 6.75% 0.68%
  4. Bamll Coml Mtg Tr 2014-Ip CMO 0.54%
  5. Forest Labs 144A 4.375% 0.52%
  6. Sabine Pass Liquefaction 5.625% 0.51%
  7. Chase Issuance Tr 2015-2a 1.59% 0.50%
  8. Bellsouth 144A 4.973% 0.49%
  9. Lccm Mtg Tr 2014-Pkmd CMO 0.48%
  10. Mplx 5.5% 0.48%

Asset Allocation

Weighting Category Low Category High LDLAX % Rank Quintile
Bonds
93.28% -175.98% 562.01% 13.89% 3
Other
3.81% -26.31% 99.99% 5.49% 1
Cash
2.67% -461.99% 275.92% 19.89% 4
Convertible Bonds
0.14% 0.00% 13.33% 5.60% 2
Stocks
0.11% -2.63% 98.76% 5.24% 2
Preferred Stocks
0.00% 0.00% 16.87% 7.58% 4

Stock Sector Breakdown

Weighting Category Low Category High LDLAX % Rank Quintile
Energy
0.12% -0.88% 11.23% 4.50% 1
Utilities
0.00% -0.08% 5.57% 6.35% 4
Technology
0.00% -1.56% 18.98% 4.71% 3
Real Estate
0.00% -0.15% 15.97% 5.02% 3
Industrials
0.00% -0.31% 9.78% 4.91% 4
Healthcare
0.00% -0.71% 11.95% 4.20% 3
Financial Services
0.00% -0.15% 23.31% 7.06% 4
Communication Services
0.00% -0.12% 7.12% 3.89% 4
Consumer Defense
0.00% -0.27% 10.25% 4.40% 4
Consumer Cyclical
0.00% -0.36% 13.56% 5.02% 4
Basic Materials
0.00% -0.66% 10.37% 4.09% 4

Stock Geographic Breakdown

Weighting Category Low Category High LDLAX % Rank Quintile
US
0.11% -12.69% 90.17% 4.53% 1
Non US
0.00% -0.82% 97.12% 2.90% 4

Bond Sector Breakdown

Weighting Category Low Category High LDLAX % Rank Quintile
Corporate
44.66% 0.00% 221.70% 10.83% 2
Securitized
43.01% 0.00% 129.43% 6.41% 2
Government
3.51% -389.49% 503.27% 25.58% 4
Cash & Equivalents
2.68% -462.00% 275.92% 20.09% 4
Municipal
0.40% 0.00% 102.97% 11.65% 3
Derivative
0.00% -359.26% 85.77% 2.29% 3

Bond Geographic Breakdown

Weighting Category Low Category High LDLAX % Rank Quintile
US
74.81% -370.09% 500.82% 17.85% 3
Non US
18.47% -5.42% 368.85% 9.77% 2

LDLAX - Expenses

Operational Fees

LDLAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.23% 0.00% 32.76% 8.04% 4
Management Fee 0.25% 0.00% 2.15% 3.66% 1
12b-1 Fee 0.84% 0.00% 1.00% 0.63% 4
Administrative Fee 0.04% 0.00% 0.63% 3.90% 1

Sales Fees

LDLAX Fees (% of AUM) Category Low Category High LDLAX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 1.00% 0.15% 5.50% 2.49% 2

Trading Fees

LDLAX Fees (% of AUM) Category Low Category High LDLAX Rank Quintile
Max Redemption Fee N/A 0.25% 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.

LDLAX Fees (% of AUM) Category Low Category High LDLAX Rank Quintile
Turnover 50.00% 0.00% 1711.00% 14.10% 2

LDLAX - Distributions

Dividend Yield Analysis

LDLAX Category Low Category High LDLAX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.30% 25.22% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

LDLAX Category Low Category High LDLAX % Rank Quintile
Net Income Ratio 1.86% -1.56% 13.35% 14.81% 3

Capital Gain Distribution Analysis

LDLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

LDLAX - Managers

Kewjin Yuoh

Manager

Start Date

Apr 01, 2012

Tenure

5.17

Tenure Rank

5.4%

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 14, 2007

Tenure

9.47

Tenure Rank

3.2%

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.


Robert A. Lee

Manager

Start Date

Dec 31, 1998

Tenure

18.43

Tenure Rank

0.8%

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.


Steven F. Rocco

Manager

Start Date

Apr 01, 2016

Tenure

1.16

Tenure Rank

8.7%

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.


Leah G. Traub

Manager

Start Date

Apr 01, 2016

Tenure

1.16

Tenure Rank

8.7%

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.


Tenure Analysis

Category Low

0.0

Category High

28.4

Category Average

6.27

Category Mode

0.3