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LDLRX Lord Abbett Short Duration Income R3

  • Fund
  • LDLRX
  • Price as of: Jul 18, 2018
  • $4.18
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

LDLRX - Profile

Vitals

  • YTD Return -1.6%
  • 3 Yr Annualized Return 1.5%
  • 5 Yr Annualized Return 1.7%
  • Net Assets $40 B
  • Holdings in Top 10 5.7%

52 WEEK LOW AND HIGH

$4.18
$4.18
$4.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

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

BROKERAGE FEES

  • Turnover 67.00%

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 -1.6%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.90%
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 Jul 21, 2009
  • Shares Outstanding N/A
  • Share Class Retirement
  • 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 invests 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, mortgage-related, and other asset-backed securities; and securities issued or guaranteed by the U.S. government, its agencies or instrumentalities; and inflation-linked investments.

LDLRX - Performance

Return Ranking - Trailing

Period LDLRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.6% -100.0% 14.2% 33.58% 3
1 Yr 0.6% -15.5% 21.5% 36.19% 2
3 Yr 1.5% * -6.1% 10.8% 49.83% 3
5 Yr 1.7% * -2.4% 14.8% 56.27% 3
10 Yr 3.6% * -0.7% 9.3% 48.96% 3

* Annualized


Return Ranking - Calendar

Period LDLRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -1.4% -10.9% 25.1% 60.77% 5
2016 -0.2% -11.1% 192.8% 47.27% 4
2015 -3.1% -33.0% 5.1% 40.87% 4
2014 -2.2% -24.1% 20.8% 58.89% 5
2013 -1.9% -13.1% 40.4% 26.30% 3

Total Return Ranking - Trailing

Period LDLRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.6% -100.0% 14.2% 33.40% 3
1 Yr 0.6% -15.5% 21.5% 28.89% 2
3 Yr 1.5% * -7.0% 10.8% 43.78% 3
5 Yr 1.7% * -2.9% 14.8% 51.06% 3
10 Yr 3.6% * -0.7% 9.3% 46.65% 3

* Annualized


Total Return Ranking - Calendar

Period LDLRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -1.4% -9.5% 25.1% 61.74% 5
2016 -0.2% -11.1% 195.3% 57.21% 5
2015 -3.1% -32.5% 16.5% 59.36% 5
2014 -2.2% -9.9% 58.5% 70.06% 5
2013 -1.8% -12.9% 58.3% 41.75% 3

NAV & Total Return History

LDLRX - Holdings

Filings data as of: May 31, 2018

Concentration Analysis

LDLRX Category Low Category High LDLRX % Rank Quintile
Net Assets 40 B 319 K 198 B 0.76% 1
Number of Holdings 1545 1 17477 3.56% 1
Net Assets in Top 10 2.27 B -36 B 52.1 B 2.19% 1
Weighting of Top 10 5.7% 0.0% 1093.9% 33.83% 5

Top 10 Holdings

  1. United States Treasury Notes 2.5% 1.13%
  2. Dbwf 2018-Amxp Mtg Tr 3.87% 0.77%
  3. BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2.72% 0.54%
  4. Sabine Pass Liquefaction, LLC 5.63% 0.49%
  5. World Finl Network Credit Card Tst 2.03% 0.48%
  6. LCCM MORTGAGE TRUST 2.86% 0.47%
  7. Capital One Multi Asset Execution Trust 1.99% 0.46%
  8. BA Credit Card Trust 1.84% 0.46%
  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 LDLRX % Rank Quintile
Bonds
97.79% -190.82% 562.01% 7.22% 2
Cash
1.14% -461.99% 275.92% 24.52% 4
Other
0.57% -17.81% 99.99% 9.97% 2
Convertible Bonds
0.41% 0.00% 13.10% 5.80% 2
Stocks
0.10% -7.04% 96.67% 5.24% 1
Preferred Stocks
0.00% 0.00% 23.21% 7.32% 4

Stock Sector Breakdown

Weighting Category Low Category High LDLRX % Rank Quintile
Energy
0.10% -0.88% 11.88% 5.01% 1
Utilities
0.00% -0.05% 8.66% 5.20% 4
Technology
0.00% -2.35% 21.00% 5.01% 3
Real Estate
0.00% -0.15% 17.59% 4.72% 4
Industrials
0.00% -0.11% 11.27% 5.78% 4
Healthcare
0.00% -0.69% 13.20% 4.43% 4
Financial Services
0.00% -0.22% 19.82% 7.03% 4
Communication Services
0.00% -0.07% 4.28% 4.24% 4
Consumer Defense
0.00% -0.17% 10.72% 4.53% 4
Consumer Cyclical
0.00% -0.36% 14.16% 5.97% 4
Basic Materials
0.00% -0.43% 22.96% 4.62% 4

Stock Geographic Breakdown

Weighting Category Low Category High LDLRX % Rank Quintile
US
0.09% -20.23% 93.07% 4.83% 1
Non US
0.01% -0.82% 94.50% 3.10% 1

Bond Sector Breakdown

Weighting Category Low Category High LDLRX % Rank Quintile
Securitized
54.43% 0.00% 118.59% 3.00% 1
Corporate
41.07% 0.00% 221.70% 13.12% 2
Government
2.43% -389.49% 503.27% 27.26% 4
Cash & Equivalents
1.14% -462.00% 275.92% 24.06% 4
Municipal
0.27% 0.00% 98.85% 11.39% 3
Derivative
0.00% -105.94% 282.21% 3.87% 3

Bond Geographic Breakdown

Weighting Category Low Category High LDLRX % Rank Quintile
US
80.30% -370.09% 500.82% 16.99% 3
Non US
17.49% -440.41% 351.70% 9.51% 2

LDLRX - Expenses

Operational Fees

LDLRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.89% -0.67% 44.72% 9.73% 3
Management Fee 0.25% 0.00% 2.15% 3.71% 1
12b-1 Fee 0.50% 0.00% 1.00% 1.34% 4
Administrative Fee 0.04% 0.00% 0.63% 3.91% 1

Sales Fees

LDLRX Fees (% of AUM) Category Low Category High LDLRX 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

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

LDLRX Fees (% of AUM) Category Low Category High LDLRX Rank Quintile
Turnover 67.00% 0.00% 1576.00% 12.62% 3

LDLRX - Distributions

Dividend Yield Analysis

LDLRX Category Low Category High LDLRX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.35% 24.03% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

LDLRX Category Low Category High LDLRX % Rank Quintile
Net Income Ratio 1.90% -1.56% 9.28% 13.30% 3

Capital Gain Distribution Analysis

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

LDLRX - Managers

Kewjin Yuoh

Manager

Start Date

Apr 01, 2012

Tenure

6.25

Tenure Rank

5.2%

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 14, 2007

Tenure

10.55

Tenure Rank

2.8%

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

19.51

Tenure Rank

0.6%

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

2.25

Tenure Rank

8.2%

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.


Tenure Analysis

Category Low

0.0

Category High

29.5

Category Average

6.46

Category Mode

3.5