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LDLAX Lord Abbett Short Duration Income C

  • Fund
  • LDLAX
  • Price as of: Jun 21, 2018
  • $4.21
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

LDLAX - Profile

Vitals

  • YTD Return -1.6%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $40.2 B
  • Holdings in Top 10 5.1%

52 WEEK LOW AND HIGH

$4.21
$4.21
$4.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.23%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 67.00%

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 -1.6%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.55%
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 -1.6% -100.0% 14.2% 33.01% 3
1 Yr 0.5% -15.5% 21.5% 41.88% 3
3 Yr 1.2% * -6.1% 10.2% 54.72% 3
5 Yr 1.2% * -2.4% 14.8% 64.44% 4
10 Yr 3.2% * -0.9% 9.1% 58.94% 3

* Annualized


Return Ranking - Calendar

Period LDLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -1.2% -10.9% 25.1% 60.40% 5
2016 -0.2% -11.1% 192.8% 47.22% 4
2015 -3.3% -33.0% 5.1% 42.94% 4
2014 -2.0% -24.1% 20.8% 56.79% 5
2013 -2.1% -13.1% 40.4% 27.79% 3

Total Return Ranking - Trailing

Period LDLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.6% -100.0% 14.2% 32.99% 3
1 Yr -0.5% -15.5% 21.5% 57.12% 3
3 Yr 1.2% * -7.0% 10.2% 47.89% 3
5 Yr 1.2% * -3.1% 14.8% 58.31% 3
10 Yr 3.2% * -1.0% 9.1% 57.70% 3

* Annualized


Total Return Ranking - Calendar

Period LDLAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -1.2% -9.5% 25.1% 61.32% 5
2016 -0.2% -11.1% 195.3% 57.16% 5
2015 -3.3% -32.5% 16.5% 61.09% 5
2014 -2.0% -9.9% 58.5% 69.46% 5
2013 -2.0% -12.9% 58.3% 44.09% 3

NAV & Total Return History

LDLAX - Holdings

Filings data as of: Apr 30, 2018

Concentration Analysis

LDLAX Category Low Category High LDLAX % Rank Quintile
Net Assets 40.2 B 319 K 198 B 0.71% 1
Number of Holdings 1559 1 17489 3.51% 1
Net Assets in Top 10 2.05 B -36 B 52.1 B 2.54% 1
Weighting of Top 10 5.1% 0.0% 1304.3% 33.93% 5

Top 10 Holdings

  1. Dbwf 2018-Amxp Mtg Tr 0.77%
  2. FMG Resources (August 2006) Pty Ltd. 9.75% 0.58%
  3. BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2.81% 0.54%
  4. Sabine Pass Liquefaction, LLC 5.63% 0.49%
  5. LCCM MORTGAGE TRUST 2.95% 0.47%
  6. World Finl Network Credit Card Tst 2.03% 0.47%
  7. Capital One Multi Asset Execution Trust 1.99% 0.46%
  8. BA Credit Card Trust 1.84% 0.45%
  9. Caesars Palace Las Vegas Trust 3.53% 0.42%
  10. Jefferies Group, Inc. 8.5% 0.46%

Asset Allocation

Weighting Category Low Category High LDLAX % Rank Quintile
Bonds
94.77% -190.82% 562.01% 13.02% 3
Cash
3.35% -461.99% 275.92% 19.53% 3
Other
1.42% -17.81% 99.99% 7.88% 2
Convertible Bonds
0.37% 0.00% 13.10% 6.10% 2
Stocks
0.09% -7.04% 96.89% 5.39% 1
Preferred Stocks
0.00% 0.00% 24.95% 7.07% 4

Stock Sector Breakdown

Weighting Category Low Category High LDLAX % Rank Quintile
Energy
0.09% -0.88% 10.80% 5.30% 2
Utilities
0.00% -0.05% 8.66% 5.39% 4
Technology
0.00% -2.19% 21.00% 5.20% 3
Real Estate
0.00% -0.15% 17.59% 4.82% 4
Industrials
0.00% -0.11% 9.99% 5.78% 4
Healthcare
0.00% -0.69% 13.19% 4.62% 4
Financial Services
0.00% -0.22% 20.89% 7.13% 4
Communication Services
0.00% -0.07% 6.09% 4.24% 4
Consumer Defense
0.00% -0.17% 11.08% 4.24% 4
Consumer Cyclical
0.00% -0.36% 13.85% 5.88% 4
Basic Materials
0.00% -0.43% 21.04% 4.62% 4

Stock Geographic Breakdown

Weighting Category Low Category High LDLAX % Rank Quintile
US
0.08% -19.71% 92.69% 4.83% 1
Non US
0.01% -0.82% 94.84% 3.20% 1

Bond Sector Breakdown

Weighting Category Low Category High LDLAX % Rank Quintile
Securitized
52.92% 0.00% 118.59% 3.41% 1
Corporate
40.57% 0.00% 221.70% 13.48% 2
Cash & Equivalents
3.35% -462.00% 275.92% 18.97% 3
Government
1.07% -389.49% 503.27% 28.84% 5
Municipal
0.20% 0.00% 103.97% 11.80% 3
Derivative
0.00% -105.94% 282.21% 3.81% 3

Bond Geographic Breakdown

Weighting Category Low Category High LDLAX % Rank Quintile
US
77.57% -370.09% 500.82% 19.38% 3
Non US
17.20% -440.41% 374.39% 9.97% 2

LDLAX - Expenses

Operational Fees

LDLAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.23% -0.40% 44.72% 8.25% 4
Management Fee 0.25% 0.00% 2.15% 3.71% 1
12b-1 Fee 0.84% 0.00% 1.00% 0.63% 4
Administrative Fee 0.04% 0.00% 0.63% 3.91% 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 67.00% 0.00% 1576.00% 12.57% 3

LDLAX - Distributions

Dividend Yield Analysis

LDLAX Category Low Category High LDLAX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.35% 25.11% 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 1.55% -1.56% 9.28% 15.18% 4

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

6.17

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

10.47

Tenure Rank

3.0%

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

19.43

Tenure Rank

0.7%

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

2.16

Tenure Rank

8.5%

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.


Tenure Analysis

Category Low

0.0

Category High

29.4

Category Average

6.43

Category Mode

0.1