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LHYAX Lord Abbett High Yield A

  • Fund
  • LHYAX
  • Price as of: Dec 01, 2016
  • $7.42
  • + $0.01
  • + 0.14%
  • Category
  • High Yield Bonds

LHYAX - Profile

Vitals

  • YTD Return 7.7%
  • 3 Yr Annualized Return 5.3%
  • 5 Yr Annualized Return 8.1%
  • Net Assets $5.82 B
  • Holdings in Top 10 7.3%

52 WEEK LOW AND HIGH

$7.42
$6.51
$7.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 92.62%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,500

IRA

$1,500

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 7.7%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.24%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Lord Abbett High Yield Fund
  • Fund Family Name Lord Abbett
  • Inception Date Dec 31, 1998
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Steven F. Rocco

Fund Description

The fund normally pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rated debt securities, including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock. It may invest up to 20% of its net assets in foreign securities that primarily are traded outside of the U.S. The fund may invest up to 20% of its net assets in municipal securities.

LHYAX - Performance

Return Ranking - Trailing

Period LHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.7% -30.0% 28.3% 12.64% 1
1 Yr 9.0% -30.5% 20.4% 6.79% 1
3 Yr 5.3% * -14.7% 7.2% 3.67% 1
5 Yr 8.1% * -12.6% 7.6% 2.89% 1
10 Yr 7.7% * -12.0% 7.7% 3.82% 1

* Annualized


Return Ranking - Calendar

Period LHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.6% -34.3% 1.0% 23.60% 2
2014 -4.5% -21.7% 10.4% 33.62% 3
2013 -0.5% -16.9% 31.6% 43.92% 4
2012 6.1% -18.5% 17.6% 52.38% 4
2011 -4.9% -18.8% 6.8% 43.94% 4

Total Return Ranking - Trailing

Period LHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.7% -30.0% 36.7% 30.63% 2
1 Yr 6.6% -30.5% 31.1% 35.80% 2
3 Yr 4.5% * -11.3% 8.1% 9.35% 1
5 Yr 7.6% * -12.6% 15.6% 5.01% 1
10 Yr 7.5% * -12.0% 12.5% 5.17% 1

* Annualized


Total Return Ranking - Calendar

Period LHYAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.6% -30.4% 4.6% 42.08% 3
2014 -2.4% -18.4% 10.4% 40.38% 3
2013 3.1% -16.9% 55.9% 36.31% 2
2012 9.3% -18.5% 33.1% 38.74% 3
2011 -4.6% -18.8% 11.9% 57.01% 4

NAV & Total Return History

LHYAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

LHYAX Category Low Category High LHYAX % Rank Quintile
Net Assets 5.82 B 2.52 M 20.6 B 1.99% 1
Number of Holdings 711 1 1424 2.30% 1
Net Assets in Top 10 412 M -32.2 M 3.63 B 2.91% 1
Weighting of Top 10 7.3% 0.0% 100.0% 26.69% 5

Top 10 Holdings

  1. Neptune Finco 144A 10.875% 1.55%
  2. Navient 5.875% 0.77%
  3. T Mobile Usa 6.5% 0.68%
  4. Equinix 5.875% 0.62%
  5. Amc Networks 4.75% 0.56%
  6. T Mobile Usa 6.836% 0.56%
  7. Frontier Comms 10.5% 0.56%
  8. Arcelormittal Sa Luxembourg 6.125% 0.84%
  9. Teck Resources 4.75% 0.57%
  10. Mgm Resorts Intl 6% 0.59%

Asset Allocation

Weighting Category Low Category High LHYAX % Rank Quintile
Bonds
85.59% -9.44% 107.80% 24.23% 5
Other
7.14% -11.89% 38.60% 1.53% 1
Stocks
4.45% 0.00% 99.11% 2.76% 1
Convertible Bonds
2.62% 0.00% 18.92% 2.30% 1
Preferred Stocks
0.20% 0.00% 18.78% 12.42% 3
Cash
0.00% -11.47% 109.44% 28.68% 5

Stock Sector Breakdown

Weighting Category Low Category High LHYAX % Rank Quintile
Technology
1.05% 0.00% 25.59% 2.04% 1
Healthcare
0.88% 0.00% 21.24% 2.44% 1
Energy
0.60% 0.00% 12.30% 2.24% 1
Basic Materials
0.53% 0.00% 1.80% 1.63% 1
Consumer Cyclical
0.51% 0.00% 16.04% 5.30% 1
Consumer Defense
0.31% -0.12% 5.43% 2.24% 1
Financial Services
0.21% 0.00% 16.12% 7.33% 2
Industrials
0.21% 0.00% 15.79% 4.07% 1
Real Estate
0.16% 0.00% 8.20% 3.05% 1
Communication Services
0.00% -0.06% 9.11% 6.72% 4
Utilities
0.00% -0.07% 6.44% 5.30% 4

Stock Geographic Breakdown

Weighting Category Low Category High LHYAX % Rank Quintile
US
3.97% 0.00% 83.03% 2.45% 1
Non US
0.48% -0.01% 52.07% 2.45% 1

Bond Sector Breakdown

Weighting Category Low Category High LHYAX % Rank Quintile
Corporate
85.41% 0.00% 101.98% 20.86% 4
Government
2.11% -9.04% 51.73% 5.98% 1
Securitized
0.29% 0.00% 69.25% 13.19% 3
Derivative
0.05% -19.62% 9.44% 3.22% 1
Municipal
0.00% 0.00% 100.00% 3.83% 3
Cash & Equivalents
0.00% -7.60% 100.00% 28.22% 5

Bond Geographic Breakdown

Weighting Category Low Category High LHYAX % Rank Quintile
US
64.75% -9.44% 100.00% 23.62% 5
Non US
20.84% 0.00% 46.20% 7.82% 2

LHYAX - Expenses

Operational Fees

LHYAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.93% 0.00% 3.69% 20.89% 2
Management Fee 0.54% 0.12% 1.00% 4.29% 2
12b-1 Fee 0.20% 0.00% 1.00% 4.66% 1
Administrative Fee 0.04% 0.00% 0.45% 7.53% 1

Sales Fees

LHYAX Fees (% of AUM) Category Low Category High LHYAX Rank Quintile
Front Load 2.25% 2.00% 5.75% 10.40% 1
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

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

LHYAX Fees (% of AUM) Category Low Category High LHYAX Rank Quintile
Turnover 92.62% 7.20% 2247.00% 4.45% 5

LHYAX - Distributions

Dividend Yield Analysis

LHYAX Category Low Category High LHYAX % Rank Quintile
Dividend Yield 0.4% 0.00% 6.16% 30.03% 3

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

LHYAX Category Low Category High LHYAX % Rank Quintile
Net Income Ratio 5.24% -2.75% 9.92% 23.04% 3

Capital Gain Distribution Analysis

LHYAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

LHYAX - Managers

Steven F. Rocco

Manager

Start Date

Dec 08, 2010

Tenure

5.9

Tenure Rank

8.4%

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

Oct 15, 2013

Tenure

3.05

Tenure Rank

12.1%

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.


Tenure Analysis

Category Low

0.0

Category High

56.5

Category Average

6.41

Category Mode

4.8