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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Lord Abbett Credit Opportunities Fund - Lord Abbett Credit Opportunities Fd USD Cls INST

LCRDX | Fund

$9.01

-

10.51%

$0.94

3.79%

Vitals

YTD Return

11.3%

1 yr return

14.9%

3 Yr Avg Return

4.0%

5 Yr Avg Return

7.9%

Net Assets

$N/A

Holdings in Top 10

20.1%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.79%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Lord Abbett Credit Opportunities Fund - Lord Abbett Credit Opportunities Fd USD Cls INST

LCRDX | Fund

$9.01

-

10.51%

$0.94

3.79%

LCRDX - Profile

Distributions

  • YTD Total Return 11.3%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.78%
DIVIDENDS
  • Dividend Yield 10.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett Credit Opportunities Fund - Lord Abbett Credit Opportunities Fd USD Cls INST
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Feb 19, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Lapin

Fund Description

LCRDX - Performance

Return Ranking - Trailing

Period LCRDX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.3% -10.3% 17.0% 2.31%
1 Yr 14.9% -8.0% 21.1% 2.62%
3 Yr 4.0%* -16.7% 16.3% 10.76%
5 Yr 7.9%* -14.4% 14.1% 1.62%
10 Yr N/A* -7.0% 6.8% N/A

* Annualized

Return Ranking - Calendar

Period LCRDX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -12.0% 8.9% 74.27%
2022 -16.9% -31.8% 18.4% 84.99%
2021 2.0% -16.2% 25.7% 6.86%
2020 3.8% -31.1% 18.7% 26.29%
2019 N/A -6.1% 15.3% N/A

Total Return Ranking - Trailing

Period LCRDX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.3% -10.3% 17.0% 2.31%
1 Yr 14.9% -8.0% 21.1% 2.62%
3 Yr 4.0%* -16.7% 16.3% 10.76%
5 Yr 7.9%* -14.4% 14.1% 1.62%
10 Yr N/A* -7.0% 6.8% N/A

* Annualized

Total Return Ranking - Calendar

Period LCRDX Return Category Return Low Category Return High Rank in Category (%)
2023 11.0% -6.9% 22.2% 11.71%
2022 -8.7% -31.8% 21.1% 49.13%
2021 13.9% -13.5% 49.9% 1.96%
2020 12.8% -28.6% 24.1% 2.49%
2019 N/A -4.8% 19.1% N/A

NAV & Total Return History

LCRDX - Holdings

Concentration Analysis

LCRDX Category Low Category High LCRDX % Rank
Net Assets N/A 2.63 M 143 B N/A
Number of Holdings 137 4 9195 79.32%
Net Assets in Top 10 181 M -204 M 80.4 B 47.90%
Weighting of Top 10 20.05% 5.8% 265.8% 67.87%

Top 10 Holdings

  1. Nabors Industries, Inc. 5.75% 2.46%
  2. Exeter Automobile Receivables Tr 2021-4 0% 2.30%
  3. Eskom Holdings SOC Limited 6.75% 2.14%
  4. AMC Entertainment Holdings Inc 12% 2.05%
  5. American Airlines Group Inc 3.75% 2.04%
  6. Independence Energy Finance LLC 7.25% 2.01%
  7. SPX Flow Incorporation 8.75% 2.01%
  8. Berry Petroleum Co LLC 7% 1.98%
  9. Vue International Bidco Plc 1.97%
  10. Vue International Bidco Plc 1.97%

Asset Allocation

Weighting Return Low Return High LCRDX % Rank
Bonds 		91.10% 0.00% 199.60% 47.74%
Convertible Bonds 		7.02% 0.00% 33.50% 8.31%
Cash 		1.61% -94.66% 99.97% 67.50%
Preferred Stocks 		0.13% 0.00% 26.42% 29.39%
Other 		0.13% -73.61% 147.15% 73.25%
Stocks 		0.01% -6.18% 99.66% 68.90%

Stock Sector Breakdown

Weighting Return Low Return High LCRDX % Rank
Utilities 		0.00% 0.00% 100.00% 63.47%
Technology 		0.00% 0.00% 28.30% 54.57%
Real Estate 		0.00% 0.00% 100.00% 61.59%
Industrials 		0.00% 0.00% 100.00% 68.15%
Healthcare 		0.00% 0.00% 18.60% 57.61%
Financial Services 		0.00% 0.00% 100.00% 72.60%
Energy 		0.00% 0.00% 100.00% 78.22%
Communication Services 		0.00% 0.00% 100.00% 66.98%
Consumer Defense 		0.00% 0.00% 99.97% 59.02%
Consumer Cyclical 		0.00% 0.00% 89.95% 0.47%
Basic Materials 		0.00% 0.00% 100.00% 58.55%

Stock Geographic Breakdown

Weighting Return Low Return High LCRDX % Rank
US 		0.01% -6.18% 99.66% 65.63%
Non US 		0.00% -0.26% 17.73% 30.48%

Bond Sector Breakdown

Weighting Return Low Return High LCRDX % Rank
Corporate 		75.58% 0.00% 96.66% 6.26%
Securitized 		22.82% 0.00% 99.65% 37.72%
Cash & Equivalents 		1.60% 0.00% 94.89% 63.49%
Derivative 		0.00% -73.61% 147.15% 57.88%
Municipal 		0.00% 0.00% 54.26% 45.10%
Government 		0.00% 0.00% 99.43% 87.16%

Bond Geographic Breakdown

Weighting Return Low Return High LCRDX % Rank
US 		72.34% 0.00% 199.60% 60.65%
Non US 		18.76% 0.00% 74.14% 18.97%

LCRDX - Expenses

Operational Fees

LCRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.79% 0.03% 20.67% 2.95%
Management Fee 1.25% 0.00% 2.29% 90.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.00% 0.70% 4.69%

Sales Fees

LCRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

LCRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 10.00%

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.

LCRDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 17.28%

LCRDX - Distributions

Dividend Yield Analysis

LCRDX Category Low Category High LCRDX % Rank
Dividend Yield 10.51% 0.00% 23.30% 1.54%

Dividend Distribution Analysis

LCRDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

LCRDX Category Low Category High LCRDX % Rank
Net Income Ratio 6.78% -1.55% 11.51% 4.42%

Capital Gain Distribution Analysis

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

Distributions History

View More +

LCRDX - Fund Manager Analysis

Managers

Jeffrey Lapin

Start Date

Tenure

Tenure Rank

Feb 21, 2019

3.27

3.3%

Mr. Lapin joined Lord Abbett in 2012 as a portfolio manager for Lord Abbett’s taxable fixed-income strategies, and was named Partner in 2016. He began his career in the financial services industry in 1997. Previously, he was Managing Director and Head of European Market Credit Coverage at Post Advisory Group. His prior experience also includes serving as Partner, Co-Portfolio Manager at Tablerock Fund Management, LLC; Analyst at Avenue Capital Management, LLC; and Research Analyst at M.J. Whitman, Inc. He earned an AB from Georgetown University, an MBA from New York University’s Leonard N. Stern School of Business, and a JD from Northwestern University’s School of Law.

Kewjin Yuoh

Start Date

Tenure

Tenure Rank

Feb 21, 2019

3.27

3.3%

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.

Adam Castle

Start Date

Tenure

Tenure Rank

May 31, 2021

1.0

1.0%

Mr. Castle joined Lord Abbett in 2015. Mr. Castle was formerly Vice President at Credit Suisse from 2013 to 2015 and Assistant Vice President at AllianceBernstein from 2008 to 2013.

Eric Kang

Start Date

Tenure

Tenure Rank

May 31, 2021

1.0

1.0%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.71 3.19

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