LALDX: Lord Abbett Short Duration Income A

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LALDX Lord Abbett Short Duration Income A


Profile

LALDX - Profile

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return -0.8%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $55.5 B
  • Holdings in Top 10 6.0%

52 WEEK LOW AND HIGH

$4.21
$4.13
$4.23

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.59%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 71.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,500
  • IRA $1,500

Fund Classification


Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.70%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett Short Duration Income Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Nov 04, 1993
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert A. Lee

Fund Description

The Lord Abbett Short Duration Income Fund Class A (LALDX) 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. The fund seeks to maximize income payments. LALDX management employs extensive credit research to find the best higher-yielding debt to 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.


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Categories

Fund Company Quick Screens

LALDX - Fund Company Quick Screens


Performance

LALDX - Performance

Return Ranking - Trailing

Period LALDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -0.1% 83.6% 89.16%
1 Yr 1.7% -1.8% 26.6% 92.30%
3 Yr -0.8%* -2.5% 9.4% 98.41%
5 Yr -1.2%* -14.7% 6.6% 98.59%
10 Yr -0.8%* -5.5% 7.9% 98.76%

* Annualized

Return Ranking - Calendar

Period LALDX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.6% -12.4% 0.8% 53.68%
2017 -1.4% -2.8% 17.1% 98.10%
2016 0.0% -58.1% 8.6% 41.88%
2015 -3.4% -18.3% 3.0% 85.35%
2014 -2.0% -34.8% 26.9% 97.31%

Total Return Ranking - Trailing

Period LALDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -0.1% 83.6% 89.48%
1 Yr 1.7% -2.1% 26.6% 92.12%
3 Yr -0.8%* -2.5% 9.4% 98.98%
5 Yr -1.2%* -14.7% 6.6% 98.68%
10 Yr -0.7%* -1.4% 7.9% 99.00%

* Annualized

Total Return Ranking - Calendar

Period LALDX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.6% -11.7% 6.5% 62.17%
2017 -1.4% -2.7% 27.0% 98.57%
2016 0.0% -58.1% 10.7% 47.20%
2015 -3.4% -14.6% 4.2% 90.30%
2014 -2.0% -34.8% 26.9% 98.22%

NAV & Total Return History


Holdings

LALDX - Holdings

Concentration Analysis

LALDX Category Low Category High LALDX % Rank
Net Assets 55.5 B 691 K 247 B 0.82%
Number of Holdings 1831 2 17572 6.36%
Net Assets in Top 10 3.23 B -203 M 25.7 B 4.19%
Weighting of Top 10 5.96% 2.5% 138.1% 96.94%

Top 10 Holdings

  1. United States Treasury Notes 2.5% 1.37%
  2. United States Treasury Notes 1.5% 1.03%
  3. United States Treasury Bills 0% 0.71%
  4. Dbwf 2018-Amxp Mortgage Trust 3.87% 0.59%
  5. United States Treasury Notes 1.5% 0.44%
  6. FORD CREDIT AUTO OWNER TRUST 2015-1 2.12% 0.42%
  7. Caesars Palace Las Vegas Trust 3.53% 0.36%
  8. World Finl Network Credit Card Tst 2.03% 0.36%
  9. LCCM MORTGAGE TRUST 2.95% 0.35%
  10. Capital One Multi Asset Execution Trust 1.99% 0.33%

Asset Allocation

Weighting Return Low Return High LALDX % Rank
Bonds
95.07% 80.25% 160.29% 72.16%
Cash
4.77% -60.29% 28.73% 23.25%
Convertible Bonds
0.16% 0.00% 6.26% 40.67%
Stocks
0.01% -17.64% 26.52% 8.00%
Preferred Stocks
0.00% 0.00% 8.19% 75.86%
Other
0.00% -36.80% 30.83% 70.96%

Stock Sector Breakdown

Weighting Return Low Return High LALDX % Rank
Energy
0.01% 0.00% 9.51% 27.52%
Utilities
0.00% 0.00% 2.67% 71.53%
Technology
0.00% 0.00% 21.18% 71.39%
Real Estate
0.00% 0.00% 9.30% 71.12%
Industrials
0.00% 0.00% 23.70% 71.12%
Healthcare
0.00% 0.00% 38.22% 71.25%
Financial Services
0.00% 0.00% 13.65% 76.16%
Communication Services
0.00% 0.00% 18.86% 73.43%
Consumer Defense
0.00% 0.00% 3.71% 70.57%
Consumer Cyclical
0.00% 0.00% 16.25% 71.25%
Basic Materials
0.00% 0.00% 10.36% 71.39%

Stock Geographic Breakdown

Weighting Return Low Return High LALDX % Rank
US
0.01% -17.64% 17.37% 7.54%
Non US
0.00% 0.00% 9.69% 71.53%

Bond Sector Breakdown

Weighting Return Low Return High LALDX % Rank
Securitized
50.62% 0.00% 136.75% 9.46%
Corporate
39.96% 0.00% 98.80% 19.48%
Cash & Equivalents
4.77% -60.29% 28.73% 23.64%
Government
4.49% -86.06% 125.80% 49.38%
Municipal
0.16% 0.00% 149.42% 71.13%
Derivative
0.00% -25.78% 41.91% 67.72%

Bond Geographic Breakdown

Weighting Return Low Return High LALDX % Rank
US
78.37% 60.74% 157.48% 93.64%
Non US
16.70% -27.08% 24.33% 3.48%

Expenses

LALDX - Expenses

Operational Fees

LALDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.00% 209.96% 70.48%
Management Fee 0.25% 0.00% 1.25% 14.58%
12b-1 Fee 0.20% 0.00% 1.00% 28.65%
Administrative Fee 0.04% 0.00% 0.63% 10.79%

Sales Fees

LALDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.00% 5.75% 83.99%
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

LALDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

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.

LALDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 0.00% 2053.00% 64.25%

Distributions

LALDX - Distributions

Dividend Yield Analysis

LALDX Category Low Category High LALDX % Rank
Dividend Yield 1.26% 0.00% 95.22% 25.42%

Dividend Distribution Analysis

LALDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LALDX Category Low Category High LALDX % Rank
Net Income Ratio 2.70% 0.00% 6.30% 43.73%

Capital Gain Distribution Analysis

LALDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

LALDX - Fund Manager Analysis

Managers

Robert A. Lee


Start Date

Tenure

Tenure Rank

Dec 31, 1998

20.93

20.9%

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.

Andrew H. O'Brien


Start Date

Tenure

Tenure Rank

Dec 14, 2007

11.97

12.0%

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.

Kewjin Yuoh


Start Date

Tenure

Tenure Rank

Apr 01, 2012

7.67

7.7%

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.

Steven F. Rocco


Start Date

Tenure

Tenure Rank

Apr 01, 2016

3.67

3.7%

Mr. Rocco is Partner and Director of Taxable Fixed Income of Lord Abbett. 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 Category High Category Average Category Mode
0.0 33.02 7.7 7.54