LBNVX: Lord Abbett Bond Debenture R6

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LBNVX Lord Abbett Bond Debenture R6


Profile

LBNVX - Profile

Vitals

  • YTD Return -4.0%
  • 3 Yr Annualized Return -1.4%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $17 B
  • Holdings in Top 10 5.9%

52 WEEK LOW AND HIGH

$7.77
$6.60
$8.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 217.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -4.0%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett Bond Debenture Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Jun 30, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Gizzo

Fund Description

To pursue its objective, under normal conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds, debentures and other fixed income securities. It may invest a substantial portion of its net assets in high-yield securities (commonly referred to as "below investment grade" or "junk" bonds). The fund may invest up to 20% of its net assets in equity securities, including common stocks, preferred stocks, convertible preferred stocks, and similar instruments.


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Categories

Performance

LBNVX - Performance

Return Ranking - Trailing

Period LBNVX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.0% -55.0% 7.0% 62.46%
1 Yr -3.7% -55.3% 10.9% 61.95%
3 Yr -1.4%* -38.0% 4.9% 59.32%
5 Yr -0.5%* -32.7% 17.7% 54.55%
10 Yr N/A* -5.2% 0.9% 6.67%

* Annualized

Return Ranking - Calendar

Period LBNVX Return Category Return Low Category Return High Rank in Category (%)
2019 8.9% -35.1% 15.3% 7.36%
2018 -9.5% -48.0% 0.8% 94.37%
2017 4.1% -14.8% 11.2% 18.21%
2016 7.1% -11.2% 19.1% 6.57%
2015 N/A -51.1% 4.0% N/A

Total Return Ranking - Trailing

Period LBNVX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.0% -55.0% 7.0% 62.46%
1 Yr -3.7% -55.3% 6.2% 61.95%
3 Yr -0.7%* -38.0% 3.6% 54.58%
5 Yr 0.1%* -32.7% 17.7% 49.80%
10 Yr N/A* -5.2% 5.4% 6.67%

* Annualized

Total Return Ranking - Calendar

Period LBNVX Return Category Return Low Category Return High Rank in Category (%)
2019 8.9% -35.1% 15.3% 7.36%
2018 -8.0% -48.0% 4.8% 85.76%
2017 4.7% -14.8% 14.0% 34.29%
2016 7.1% -11.2% 22.5% 24.82%
2015 N/A -51.1% 4.0% N/A

NAV & Total Return History


Holdings

LBNVX - Holdings

Concentration Analysis

LBNVX Category Low Category High LBNVX % Rank
Net Assets 17 B 6.88 M 120 B 5.23%
Number of Holdings 843 6 7819 29.18%
Net Assets in Top 10 919 M -201 M 5.37 B 15.30%
Weighting of Top 10 5.85% 5.8% 214.0% 100.00%

Top 10 Holdings

  1. DISH DBS Corporation 7.75% 0.85%
  2. Sprint Capital Corporation 6.88% 0.79%
  3. Tesla Inc 5.3% 0.71%
  4. Shake Shack Inc A 0.60%
  5. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.13% 0.56%
  6. Newell Brands Inc. 4.7% 0.51%
  7. Tesla Inc 2% 0.48%
  8. HCA Inc. 5.5% 0.46%
  9. DocuSign Inc 0.46%
  10. TEXAS A & M UNIV PERM UNIV FD 3.66% 0.44%

Asset Allocation

Weighting Return Low Return High LBNVX % Rank
Bonds
90.55% 9.56% 233.78% 52.11%
Stocks
7.59% -0.56% 15.10% 8.73%
Convertible Bonds
1.65% 0.00% 15.09% 48.16%
Cash
0.15% -144.73% 61.37% 79.89%
Preferred Stocks
0.06% 0.00% 79.92% 57.79%
Other
0.00% -8.59% 30.55% 95.18%

Stock Sector Breakdown

Weighting Return Low Return High LBNVX % Rank
Consumer Cyclical
28.51% 0.00% 100.00% 14.35%
Technology
21.02% 0.00% 49.86% 13.92%
Industrials
12.35% 0.00% 99.46% 7.59%
Healthcare
10.95% 0.00% 51.13% 21.94%
Communication Services
10.41% 0.00% 100.00% 31.22%
Consumer Defense
8.64% 0.00% 30.61% 7.59%
Energy
3.63% 0.00% 100.00% 28.69%
Basic Materials
3.02% 0.00% 100.00% 14.77%
Financial Services
1.48% 0.00% 100.00% 42.19%
Utilities
0.00% 0.00% 100.00% 100.00%
Real Estate
0.00% 0.00% 100.00% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High LBNVX % Rank
US
7.08% -0.62% 13.99% 8.50%
Non US
0.51% 0.00% 2.06% 7.08%

Bond Sector Breakdown

Weighting Return Low Return High LBNVX % Rank
Corporate
86.78% 0.00% 93.55% 6.23%
Securitized
6.18% 0.00% 98.46% 81.59%
Municipal
3.68% 0.00% 34.19% 7.08%
Government
2.90% 0.00% 99.82% 73.94%
Derivative
0.30% -0.44% 43.88% 40.51%
Cash & Equivalents
0.16% 0.12% 45.23% 99.15%

Bond Geographic Breakdown

Weighting Return Low Return High LBNVX % Rank
US
68.72% 5.88% 233.33% 51.84%
Non US
21.83% -46.36% 71.44% 46.18%

Expenses

LBNVX - Expenses

Operational Fees

LBNVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.06% 24.26% 95.38%
Management Fee 0.44% 0.00% 2.25% 20.17%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.01% 0.70% 15.38%

Sales Fees

LBNVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

LBNVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

LBNVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 217.00% 0.00% 421.00% 94.05%

Distributions

LBNVX - Distributions

Dividend Yield Analysis

LBNVX Category Low Category High LBNVX % Rank
Dividend Yield 0.00% 0.00% 4.70% 100.00%

Dividend Distribution Analysis

LBNVX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

LBNVX Category Low Category High LBNVX % Rank
Net Income Ratio 4.16% 1.07% 18.14% 30.92%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LBNVX - Fund Manager Analysis

Managers

Christopher Gizzo


Start Date

Tenure

Tenure Rank

Dec 31, 2013

6.5

6.5%

Christopher J. Gizzo, Portfolio Manager, has joined Lord Abbett in 2008.

Robert Lee


Start Date

Tenure

Tenure Rank

Dec 31, 2013

6.5

6.5%

Robert A. Lee is a Partner and Chief Investment Officer at the Lord Abbett & Company. 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 Rocco


Start Date

Tenure

Tenure Rank

Oct 01, 2014

5.75

5.8%

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.

Andrew O'Brien


Start Date

Tenure

Tenure Rank

Dec 31, 2014

5.5

5.5%

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

Dec 31, 2014

5.5

5.5%

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.

Robert Clark


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.5

4.5%

Robert Clark is responsible for contributing to the management for Lord Abbett 's taxable-fixed income strategies with a focus on multi-sector securities. Mr. Clark joined Lord Abbett in 2010. His prior experience includes serving as Security Analyst & Portfolio Manager at Turner Investment Partners and various positions at People’s Bank. He has worked in the financial services industry since 2004. He earned a BS in finance from Bryant College and an MBA from Yale University. He also is a holder of the Chartered Financial Analyst® (CFA) designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 29.15 5.77 5.5