Lord Abbett Corporate Bond Fund
Name
As of 03/21/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.6%
1 yr return
3.8%
3 Yr Avg Return
-2.2%
5 Yr Avg Return
1.1%
Net Assets
$8.23 M
Holdings in Top 10
15.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 111.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/21/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
LCCFX - Profile
Distributions
- YTD Total Return -0.6%
- 3 Yr Annualized Total Return -2.2%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.17%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLord Abbett Corporate Bond Fund
-
Fund Family NameLORDABBETT
-
Inception DateApr 19, 2017
-
Shares OutstandingN/A
-
Share ClassF
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKewjin Yuoh
Fund Description
Under normal conditions, the Fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in corporate debt (or fixed income) securities and derivative instruments that are intended to provide economic exposure to such securities. Under normal conditions, the Fund invests substantially all of its assets in debt securities rated investment grade at the time of purchase or determined by Lord Abbett to be of comparable quality. However, the Fund may at times hold below investment grade securities (commonly referred to as “high-yield” or “junk” bonds) if the Fund purchased securities that were considered investment grade at their time of purchase and such securities subsequently are downgraded. The Fund may invest in:
·corporate debt securities of U.S. issuers; and
·corporate debt securities of non-U.S. (including emerging market) issuers that are denominated in U.S. dollars.
The Fund may invest up to 20% of its net assets in other types of fixed income instruments, including securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities. The Fund may also invest in structured securities and other hybrid instruments, including collateralized loan obligations (“CLOs”).
The Fund does not have any maturity or duration restrictions and may invest in securities of any maturity or duration. The duration of a security takes into account
the pattern of all expected payments of interest and principal on the security over time, including how these payments are affected by changes in interest rates.
The Fund may use derivatives to hedge against risk or to gain investment exposure. Currently, the Fund expects to invest in derivatives consisting principally of futures, forwards, options, and swaps. The Fund may use derivatives to seek to enhance returns, to attempt to hedge some of its investment risk, to manage portfolio duration, as a substitute for holding the underlying asset on which the derivative instrument is based, or for cash management purposes. For example, the Fund may invest in or sell short U.S. Treasury futures, securities index futures, other futures, and/or currency forwards to adjust the Fund’s exposure to the direction of interest rates, or for other portfolio management reasons. The market value of derivatives providing economic exposure substantially similar to the securities referenced in the Fund’s 80% policy, as described above, will be counted for purposes of measuring the Fund’s compliance with its 80% policy.
The portfolio management team buys and sells securities using a relative value-oriented investment process, meaning the portfolio management team generally seeks more investment exposure to securities believed to be undervalued and less investment exposure to securities believed to be overvalued. The portfolio management team combines top-down and bottom-up analysis to construct its portfolio. Insights gained from fundamental analysis and proprietary valuation tools are used to determine security selection, industry exposure, and term structure. The investment team may also consider the risks and return potential presented by environmental, social, and governance (“ESG”) factors in investment decisions. The Fund may engage in active and frequent trading of its portfolio securities.
The Fund may sell a security when the Fund believes the security is less likely to benefit from the current market and economic environment, or shows signs of deteriorating fundamentals, among other reasons. The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.
LCCFX - Performance
Return Ranking - Trailing
Period | LCCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -3.5% | 4.3% | 63.83% |
1 Yr | 3.8% | -5.0% | 11.4% | 71.81% |
3 Yr | -2.2%* | -9.6% | 40.6% | 54.05% |
5 Yr | 1.1%* | -3.6% | 26.6% | 77.19% |
10 Yr | N/A* | -0.2% | 14.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | LCCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.3% | -5.6% | 6.3% | 80.85% |
2022 | -19.4% | -28.7% | 142.1% | 73.26% |
2021 | -4.6% | -12.3% | 4.9% | 58.15% |
2020 | 4.1% | -8.0% | 10.6% | 86.67% |
2019 | 8.7% | 4.3% | 13.4% | 80.59% |
Total Return Ranking - Trailing
Period | LCCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -3.5% | 4.3% | 63.83% |
1 Yr | 3.8% | -5.0% | 11.4% | 71.81% |
3 Yr | -2.2%* | -9.6% | 40.6% | 54.05% |
5 Yr | 1.1%* | -3.6% | 26.6% | 77.19% |
10 Yr | N/A* | -0.2% | 14.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | LCCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.1% | -5.6% | 12.9% | 68.09% |
2022 | -16.4% | -25.6% | 151.8% | 64.71% |
2021 | 0.4% | -5.1% | 7.5% | 21.20% |
2020 | 9.8% | -8.0% | 116.0% | 58.33% |
2019 | 10.7% | 6.7% | 17.4% | 88.24% |
NAV & Total Return History
LCCFX - Holdings
Concentration Analysis
LCCFX | Category Low | Category High | LCCFX % Rank | |
---|---|---|---|---|
Net Assets | 8.23 M | 5.45 M | 47.3 B | 97.34% |
Number of Holdings | 237 | 4 | 9989 | 88.83% |
Net Assets in Top 10 | 1.29 M | -29.6 M | 2.71 B | 96.81% |
Weighting of Top 10 | 15.11% | 1.6% | 144.7% | 44.15% |
Top 10 Holdings
- JP Morgan REPO 5.38% 12-1-2023 2.55%
- UBS Group AG 2.25%
- Bank of America Corp 1.72%
- Goldman Sachs Group Inc/The 1.51%
- Morgan Stanley 1.44%
- Citigroup Inc 1.36%
- BAT Capital Corp 1.10%
- JPMorgan Chase Co 1.10%
- Continental Resources Inc/OK 1.08%
- Centene Corp 1.00%
Asset Allocation
Weighting | Return Low | Return High | LCCFX % Rank | |
---|---|---|---|---|
Bonds | 96.91% | 0.00% | 136.47% | 45.74% |
Convertible Bonds | 2.73% | 0.00% | 78.47% | 76.60% |
Other | 2.57% | -1.30% | 13.53% | 19.68% |
Cash | 0.52% | -43.80% | 47.46% | 93.62% |
Stocks | 0.00% | 0.00% | 99.96% | 67.55% |
Preferred Stocks | 0.00% | 0.00% | 9.18% | 67.55% |
Bond Sector Breakdown
Weighting | Return Low | Return High | LCCFX % Rank | |
---|---|---|---|---|
Corporate | 94.59% | 41.80% | 100.00% | 19.15% |
Securitized | 2.32% | 0.00% | 23.18% | 36.70% |
Government | 2.32% | 0.00% | 25.63% | 69.68% |
Municipal | 0.77% | 0.00% | 3.62% | 17.02% |
Cash & Equivalents | 0.02% | 0.00% | 47.46% | 87.23% |
Derivative | 0.02% | -1.30% | 1.89% | 53.72% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | LCCFX % Rank | |
---|---|---|---|---|
US | 96.91% | 0.00% | 109.04% | 43.62% |
Non US | 0.00% | 0.00% | 47.05% | 70.74% |
LCCFX - Expenses
Operational Fees
LCCFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.75% | 0.02% | 46.23% | 4.30% |
Management Fee | 0.40% | 0.00% | 1.35% | 68.09% |
12b-1 Fee | 0.10% | 0.00% | 1.00% | 15.66% |
Administrative Fee | 0.04% | 0.02% | 0.45% | 17.86% |
Sales Fees
LCCFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
LCCFX 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.
LCCFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 111.00% | 0.00% | 259.00% | 65.95% |
LCCFX - Distributions
Dividend Yield Analysis
LCCFX | Category Low | Category High | LCCFX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.74% | 0.00% | 5.91% | 17.55% |
Dividend Distribution Analysis
LCCFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
LCCFX | Category Low | Category High | LCCFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.17% | 0.38% | 5.93% | 56.45% |
Capital Gain Distribution Analysis
LCCFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.033 | DailyAccrualFund |
Jan 31, 2024 | $0.034 | DailyAccrualFund |
Dec 31, 2023 | $0.035 | DailyAccrualFund |
Nov 30, 2023 | $0.033 | DailyAccrualFund |
Oct 31, 2023 | $0.033 | DailyAccrualFund |
Sep 30, 2023 | $0.033 | DailyAccrualFund |
Aug 31, 2023 | $0.032 | DailyAccrualFund |
Jul 31, 2023 | $0.031 | DailyAccrualFund |
Jun 30, 2023 | $0.031 | DailyAccrualFund |
May 31, 2023 | $0.031 | DailyAccrualFund |
Apr 30, 2023 | $0.030 | DailyAccrualFund |
Mar 31, 2023 | $0.030 | DailyAccrualFund |
Feb 28, 2023 | $0.029 | DailyAccrualFund |
Jan 31, 2023 | $0.029 | DailyAccrualFund |
Dec 31, 2022 | $0.030 | DailyAccrualFund |
Nov 30, 2022 | $0.029 | DailyAccrualFund |
Oct 31, 2022 | $0.029 | DailyAccrualFund |
Sep 30, 2022 | $0.028 | DailyAccrualFund |
Aug 31, 2022 | $0.028 | DailyAccrualFund |
Jul 29, 2022 | $0.028 | DailyAccrualFund |
Jun 30, 2022 | $0.027 | DailyAccrualFund |
May 31, 2022 | $0.025 | DailyAccrualFund |
Apr 29, 2022 | $0.026 | DailyAccrualFund |
Mar 31, 2022 | $0.025 | DailyAccrualFund |
Feb 28, 2022 | $0.026 | DailyAccrualFund |
Jan 31, 2022 | $0.025 | DailyAccrualFund |
Dec 31, 2021 | $0.025 | DailyAccrualFund |
Nov 30, 2021 | $0.026 | DailyAccrualFund |
Oct 31, 2021 | $0.026 | DailyAccrualFund |
Sep 30, 2021 | $0.026 | DailyAccrualFund |
Aug 31, 2021 | $0.026 | DailyAccrualFund |
Jul 31, 2021 | $0.027 | DailyAccrualFund |
Jun 30, 2021 | $0.027 | DailyAccrualFund |
May 31, 2021 | $0.027 | DailyAccrualFund |
Apr 30, 2021 | $0.027 | DailyAccrualFund |
Mar 31, 2021 | $0.027 | DailyAccrualFund |
Feb 28, 2021 | $0.028 | DailyAccrualFund |
Jan 31, 2021 | $0.028 | DailyAccrualFund |
Dec 31, 2020 | $0.028 | DailyAccrualFund |
Nov 30, 2020 | $0.029 | DailyAccrualFund |
Oct 30, 2020 | $0.028 | DailyAccrualFund |
Sep 30, 2020 | $0.029 | DailyAccrualFund |
Aug 31, 2020 | $0.028 | DailyAccrualFund |
Jul 31, 2020 | $0.029 | DailyAccrualFund |
Jun 30, 2020 | $0.031 | DailyAccrualFund |
May 29, 2020 | $0.031 | DailyAccrualFund |
Apr 30, 2020 | $0.031 | DailyAccrualFund |
Mar 31, 2020 | $0.030 | DailyAccrualFund |
Feb 28, 2020 | $0.030 | DailyAccrualFund |
Jan 31, 2020 | $0.030 | DailyAccrualFund |
Dec 31, 2019 | $0.031 | DailyAccrualFund |
Nov 29, 2019 | $0.031 | DailyAccrualFund |
Oct 31, 2019 | $0.032 | DailyAccrualFund |
Sep 30, 2019 | $0.032 | DailyAccrualFund |
Aug 30, 2019 | $0.032 | DailyAccrualFund |
Jul 31, 2019 | $0.033 | DailyAccrualFund |
LCCFX - Fund Manager Analysis
Managers
Kewjin Yuoh
Start Date
Tenure
Tenure Rank
Mar 31, 2017
5.17
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 O'Brien
Start Date
Tenure
Tenure Rank
Mar 31, 2017
5.17
5.2%
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.
Eric Kang
Start Date
Tenure
Tenure Rank
Jan 02, 2020
2.41
2.4%
Yoana Koleva
Start Date
Tenure
Tenure Rank
Jan 02, 2020
2.41
2.4%
Ms. Koleva joined Lord Abbett in 2011.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.33 | 24.76 | 6.5 | 2.41 |