LDLAX: Lord Abbett Short Duration Income C

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LDLAX Lord Abbett Short Duration Income C


Profile

LDLAX - Profile

Vitals

  • YTD Return -6.1%
  • 3 Yr Annualized Return -2.8%
  • 5 Yr Annualized Return -2.4%
  • Net Assets $58.7 B
  • Holdings in Top 10 7.4%

52 WEEK LOW AND HIGH

$3.98
$3.86
$4.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.22%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 57.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,500
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -6.1%
  • 3 Yr Annualized Total Return -2.8%
  • 5 Yr Annualized Total Return -2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.31%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett Short Duration Income Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Jul 15, 1996
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Lee

Fund Description

The fund invests primarily in various types of short duration debt (or fixed income) securities. It invests at least 65% of its net assets in investment grade debt securities including corporate debt securities of U.S. issuers; corporate debt securities of non-U.S. (including emerging market) issuers that are denominated in U.S. dollars; mortgage backed, mortgage-related, and other asset-backed securities; and securities issued or guaranteed by the U.S. government, its agencies or instrumentalities; and inflation-linked investments.


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Categories

Fund Company Quick Screens

LDLAX - Fund Company Quick Screens


Performance

LDLAX - Performance

Return Ranking - Trailing

Period LDLAX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.1% -22.0% 197.1% 90.13%
1 Yr -5.5% -20.7% 191.9% 95.13%
3 Yr -2.8%* -7.3% 7.0% 96.54%
5 Yr -2.4%* -6.0% 11.3% 96.68%
10 Yr -1.5%* -5.3% 3.9% 99.23%

* Annualized

Return Ranking - Calendar

Period LDLAX Return Category Return Low Category Return High Rank in Category (%)
2019 1.7% -4.3% 18.3% 88.07%
2018 -2.6% -11.7% 4.6% 52.80%
2017 -1.2% -6.0% 8.3% 96.72%
2016 -0.2% -7.8% 7.7% 46.06%
2015 -3.3% -18.3% 3.0% 85.14%

Total Return Ranking - Trailing

Period LDLAX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.1% -22.0% 197.1% 90.13%
1 Yr -5.5% -20.7% 191.9% 95.13%
3 Yr -2.8%* -7.3% 9.1% 97.54%
5 Yr -2.4%* -6.0% 11.3% 97.30%
10 Yr -1.4%* -5.3% 6.7% 99.23%

* Annualized

Total Return Ranking - Calendar

Period LDLAX Return Category Return Low Category Return High Rank in Category (%)
2019 1.7% -4.3% 18.3% 88.28%
2018 -2.6% -11.7% 6.5% 61.28%
2017 -1.2% -6.0% 10.4% 97.18%
2016 -0.2% -7.8% 10.7% 51.47%
2015 -3.3% -12.6% 4.2% 89.36%

NAV & Total Return History


Holdings

LDLAX - Holdings

Concentration Analysis

LDLAX Category Low Category High LDLAX % Rank
Net Assets 58.7 B 652 K 269 B 0.54%
Number of Holdings 1774 1 17723 7.23%
Net Assets in Top 10 4.26 B -216 M 24.5 B 2.47%
Weighting of Top 10 7.39% 2.4% 100.0% 93.23%

Top 10 Holdings

  1. United States Treasury Notes 1.38% 1.81%
  2. United States Treasury Notes 2.5% 1.29%
  3. United States Treasury Notes 1.38% 0.91%
  4. BX COMMERCIAL MORTGAGE TRUST 2.6% 0.89%
  5. AT&T Inc 3.31% 0.62%
  6. Dbwf 2018-Amxp Mortgage Trust 3.87% 0.49%
  7. LYB Americas Finance Co 0.36%
  8. Sabine Pass Liquefaction, LLC 5.75% 0.36%
  9. World Finl Network Credit Card Tst 2.03% 0.34%
  10. MPLX LP 3.2% 0.32%

Asset Allocation

Weighting Return Low Return High LDLAX % Rank
Bonds
92.88% 80.16% 159.74% 83.09%
Cash
6.91% -59.74% 19.63% 12.50%
Convertible Bonds
0.21% 0.00% 7.24% 41.51%
Stocks
0.00% -0.38% 24.73% 48.17%
Preferred Stocks
0.00% 0.00% 7.43% 52.83%
Other
0.00% -4.63% 28.26% 49.53%

Bond Sector Breakdown

Weighting Return Low Return High LDLAX % Rank
Securitized
48.17% 0.00% 98.30% 9.53%
Corporate
39.82% 0.00% 99.29% 15.72%
Cash & Equivalents
6.91% -29.57% 39.95% 13.11%
Government
4.96% -2.21% 122.41% 49.28%
Municipal
0.13% 0.00% 100.11% 74.25%
Derivative
0.00% -0.83% 31.05% 51.40%

Bond Geographic Breakdown

Weighting Return Low Return High LDLAX % Rank
US
74.31% 61.81% 156.78% 95.52%
Non US
18.57% -17.15% 26.76% 2.26%

Expenses

LDLAX - Expenses

Operational Fees

LDLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.01% 34.57% 23.26%
Management Fee 0.25% 0.00% 1.10% 14.35%
12b-1 Fee 0.84% 0.00% 1.00% 79.67%
Administrative Fee 0.04% 0.00% 0.50% 6.63%

Sales Fees

LDLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 46.98%

Trading Fees

LDLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

LDLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 0.00% 489.00% 59.81%

Distributions

LDLAX - Distributions

Dividend Yield Analysis

LDLAX Category Low Category High LDLAX % Rank
Dividend Yield 0.00% 0.00% 3.72% 57.23%

Dividend Distribution Analysis

LDLAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

LDLAX Category Low Category High LDLAX % Rank
Net Income Ratio 2.31% -0.20% 6.30% 63.86%

Capital Gain Distribution Analysis

LDLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

LDLAX - Fund Manager Analysis

Managers

Robert Lee


Start Date

Tenure

Tenure Rank

Dec 31, 1998

21.18

21.2%

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 O'Brien


Start Date

Tenure

Tenure Rank

Dec 14, 2007

12.22

12.2%

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.

Kewjin Yuoh


Start Date

Tenure

Tenure Rank

Apr 01, 2012

7.92

7.9%

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 Rocco


Start Date

Tenure

Tenure Rank

Apr 01, 2016

3.92

3.9%

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
0.01 33.27 7.4 0.16