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LDLFX Lord Abbett Short Duration Income F

  • Fund
  • LDLFX
  • Price as of: Dec 06, 2016
  • $4.31
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

LDLFX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $37 B
  • Holdings in Top 10 6.1%

52 WEEK LOW AND HIGH

$4.31
$4.27
$4.35

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 58.69%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.39%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Lord Abbett Short Duration Income Fund
  • Fund Family Name Lord Abbett
  • Inception Date Sep 28, 2007
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Kewjin Yuoh

Fund Description

The fund invests primarily in various types of short duration debt (or fixed income) securities. It pursues its investment objective by investing at least 65% of its net assets in investment grade debt securities including corporate debt securities of U.S. issuers; corporate debt securities of non-U.S. (including emerging market) issuers that are denominated in U.S. dollars; mortgage-backed and other asset-backed securities; and securities issued or guaranteed by the U.S. government, its agencies or government-sponsored enterprises; and inflation-linked investments.

LDLFX - Performance

Return Ranking - Trailing

Period LDLFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -11.3% 201.5% 54.95% 5
1 Yr 3.4% -12.6% 13.8% 27.41% 2
3 Yr 2.0% * -5.9% 8.2% 42.98% 3
5 Yr 3.1% * -3.1% 13.6% 31.69% 2
10 Yr 4.5% * -2.2% 9.5% 25.62% 2

* Annualized


Return Ranking - Calendar

Period LDLFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.1% -33.0% 3.0% 39.21% 4
2014 -2.2% -9.3% 14.9% 59.41% 5
2013 -1.9% -24.1% 40.4% 22.52% 2
2012 2.2% -100.0% 18.7% 38.73% 3
2011 -1.3% -20.6% 15.5% 50.97% 4

Total Return Ranking - Trailing

Period LDLFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -9.9% 204.3% 62.59% 5
1 Yr 3.2% -12.6% 16.3% 20.33% 2
3 Yr 2.0% * -7.2% 8.2% 36.36% 2
5 Yr 3.1% * -3.9% 13.6% 28.95% 2
10 Yr 4.5% * -2.2% 9.5% 24.71% 2

* Annualized


Total Return Ranking - Calendar

Period LDLFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.1% -32.5% 4.5% 57.29% 4
2014 -2.2% -8.3% 16.8% 70.66% 5
2013 -1.8% -12.9% 58.5% 38.00% 3
2012 2.2% -100.0% 35.2% 59.13% 4
2011 -1.3% -20.7% 18.1% 64.17% 5

NAV & Total Return History

LDLFX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

LDLFX Category Low Category High LDLFX % Rank Quintile
Net Assets 37 B 319 K 176 B 0.86% 1
Number of Holdings 1404 1 17569 3.56% 1
Net Assets in Top 10 2.25 B -36 B 36.7 B 2.39% 1
Weighting of Top 10 6.1% 0.0% 1167.9% 32.45% 5

Top 10 Holdings

  1. US Treasury Note 0.875% 0.81%
  2. Hbos Plc Sub Mtn 144a 144A 6.75% 0.74%
  3. Wachovia Cmbs 2007-C31 CMO 0.59%
  4. Bamll Coml Mtg Tr 2014-Ip CMO 0.58%
  5. Forest Labs 144A 4.375% 0.57%
  6. Lccm Mtg Tr 2014-Pkmd CMO 0.52%
  7. Bellsouth 144A 4.973% 0.51%
  8. US Treasury Note 1.375% 0.49%
  9. Amer Express Credit 2014-3 1.49% 0.47%
  10. Air Lease 5.625% 0.72%

Asset Allocation

Weighting Category Low Category High LDLFX % Rank Quintile
Bonds
96.21% -175.98% 1241.14% 10.27% 2
Other
2.77% -30.13% 98.36% 5.90% 1
Cash
0.95% -1141.94% 275.92% 23.75% 4
Convertible Bonds
0.07% 0.00% 12.73% 5.49% 2
Preferred Stocks
0.00% -0.45% 17.66% 7.63% 4
Stocks
0.00% -3.27% 98.55% 5.90% 4

Bond Sector Breakdown

Weighting Category Low Category High LDLFX % Rank Quintile
Corporate
45.55% 0.00% 221.70% 10.83% 2
Securitized
43.53% 0.00% 105.84% 6.82% 2
Government
1.86% -389.49% 1167.69% 27.57% 5
Cash & Equivalents
1.59% -1141.94% 416.01% 22.69% 4
Municipal
0.54% 0.00% 98.41% 11.14% 3
Derivative
0.00% -513.07% 38.63% 2.59% 3

Bond Geographic Breakdown

Weighting Category Low Category High LDLFX % Rank Quintile
US
78.43% -370.09% 982.00% 17.75% 3
Non US
17.78% -45.82% 351.70% 10.73% 2

LDLFX - Expenses

Operational Fees

LDLFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.50% 0.00% 42.51% 12.16% 1
Management Fee 0.25% 0.00% 2.15% 3.66% 1
12b-1 Fee 0.10% 0.00% 1.00% 2.70% 1
Administrative Fee 0.04% 0.00% 0.63% 3.66% 1

Sales Fees

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

Trading Fees

LDLFX Fees (% of AUM) Category Low Category High LDLFX 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.

LDLFX Fees (% of AUM) Category Low Category High LDLFX Rank Quintile
Turnover 58.69% 0.00% 1856.00% 12.57% 2

LDLFX - Distributions

Dividend Yield Analysis

LDLFX Category Low Category High LDLFX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.30% 22.56% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

LDLFX Category Low Category High LDLFX % Rank Quintile
Net Income Ratio 2.39% -1.76% 17.13% 12.06% 2

Capital Gain Distribution Analysis

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

LDLFX - Managers

Kewjin Yuoh

Manager

Start Date

Apr 01, 2012

Tenure

4.67

Tenure Rank

6.7%

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

8.97

Tenure Rank

4.0%

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

17.93

Tenure Rank

1.0%

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

0.67

Tenure Rank

10.2%

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

0.67

Tenure Rank

10.2%

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

27.9

Category Average

6.12

Category Mode

1.9