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Mutual Funds Weekly Roundup: August 2
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The Lord Abbett Short Duration Income Fund Class C (LDLAX) 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. LDLAX seeks to maximize income payments. Fund management undertakes extensive credit research to find the best high-yielding debt that will 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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| Period | LDLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -0.4% | 4.5% | 87.04% |
| 1 Yr | 4.8% | -1.0% | 85.6% | 59.02% |
| 3 Yr | 2.4%* | -5.1% | 22.9% | 24.51% |
| 5 Yr | 2.0%* | -14.6% | 12.7% | 19.44% |
| 10 Yr | 2.6%* | -8.6% | 9.3% | 23.59% |
* Annualized
| Period | LDLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 1.7% | -1.7% | 83.9% | 88.35% |
| 2018 | -2.6% | -12.4% | 0.8% | 52.79% |
| 2017 | -1.2% | -6.0% | 17.1% | 96.99% |
| 2016 | -0.2% | -58.1% | 8.6% | 46.05% |
| 2015 | -3.3% | -18.3% | 3.0% | 85.48% |
| Period | LDLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -0.4% | 4.5% | 87.04% |
| 1 Yr | 3.8% | -2.6% | 85.6% | 71.08% |
| 3 Yr | 2.4%* | -5.1% | 22.9% | 28.24% |
| 5 Yr | 2.0%* | -14.6% | 12.7% | 22.09% |
| 10 Yr | 2.6%* | -8.6% | 9.3% | 27.92% |
* Annualized
| Period | LDLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 1.7% | -1.7% | 83.9% | 88.60% |
| 2018 | -2.6% | -11.7% | 6.5% | 61.22% |
| 2017 | -1.2% | -6.0% | 27.0% | 97.45% |
| 2016 | -0.2% | -58.1% | 10.7% | 51.77% |
| 2015 | -3.3% | -14.6% | 4.2% | 90.14% |
| LDLAX | Category Low | Category High | LDLAX % Rank | |
|---|---|---|---|---|
| Net Assets | 56 B | 688 K | 249 B | 0.57% |
| Number of Holdings | 1800 | 1 | 17590 | 6.58% |
| Net Assets in Top 10 | 3.72 B | -216 M | 23.5 B | 3.66% |
| Weighting of Top 10 | 6.70% | 2.3% | 144.8% | 95.16% |
| Weighting | Return Low | Return High | LDLAX % Rank | |
|---|---|---|---|---|
| Bonds | 96.68% | 80.34% | 160.64% | 56.28% |
| Cash | 3.11% | -60.64% | 28.73% | 38.67% |
| Convertible Bonds | 0.20% | 0.00% | 6.13% | 39.84% |
| Stocks | 0.00% | -17.64% | 26.05% | 34.65% |
| Preferred Stocks | 0.00% | 0.00% | 7.32% | 39.38% |
| Other | 0.00% | -26.77% | 31.28% | 35.68% |
| Weighting | Return Low | Return High | LDLAX % Rank | |
|---|---|---|---|---|
| Securitized | 51.74% | 0.00% | 97.31% | 7.36% |
| Corporate | 40.59% | 0.00% | 99.29% | 15.19% |
| Government | 4.42% | 0.00% | 100.00% | 49.91% |
| Cash & Equivalents | 3.11% | -26.49% | 21.73% | 42.76% |
| Municipal | 0.14% | 0.00% | 100.00% | 71.54% |
| Derivative | 0.00% | 0.00% | 23.62% | 36.75% |
| Weighting | Return Low | Return High | LDLAX % Rank | |
|---|---|---|---|---|
| US | 78.38% | 61.83% | 160.64% | 92.10% |
| Non US | 18.30% | -27.08% | 26.76% | 1.67% |
| LDLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.23% | 0.00% | 209.96% | 23.31% |
| Management Fee | 0.25% | 0.00% | 1.25% | 13.00% |
| 12b-1 Fee | 0.84% | 0.00% | 1.00% | 79.87% |
| Administrative Fee | 0.04% | 0.00% | 0.50% | 4.17% |
| 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% | 37.59% |
| LDLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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 | 71.00% | 0.00% | 2053.00% | 64.26% |
| LDLAX | Category Low | Category High | LDLAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.79% | 0.00% | 5.21% | 28.90% |
| LDLAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
| LDLAX | Category Low | Category High | LDLAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.07% | 0.00% | 6.30% | 77.06% |
| LDLAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.011 |
| Feb 28, 2019 | $0.012 |
| Jan 31, 2019 | $0.011 |
| Dec 31, 2018 | $0.011 |
| Nov 30, 2018 | $0.012 |
| Oct 31, 2018 | $0.011 |
| Aug 31, 2018 | $0.012 |
| Jul 31, 2018 | $0.011 |
| Jun 29, 2018 | $0.012 |
| May 31, 2018 | $0.011 |
| Apr 30, 2018 | $0.012 |
| Mar 29, 2018 | $0.011 |
| Feb 28, 2018 | $0.011 |
| Jan 31, 2018 | $0.011 |
| Dec 29, 2017 | $0.010 |
| Nov 30, 2017 | $0.011 |
| Oct 31, 2017 | $0.010 |
| Sep 29, 2017 | $0.011 |
| Aug 31, 2017 | $0.011 |
| Jul 31, 2017 | $0.011 |
| Jun 30, 2017 | $0.011 |
| May 31, 2017 | $0.011 |
| Apr 28, 2017 | $0.011 |
| Mar 31, 2017 | $0.011 |
| Feb 28, 2017 | $0.012 |
| Jan 31, 2017 | $0.011 |
| Dec 30, 2016 | $0.011 |
| Nov 30, 2016 | $0.012 |
| Oct 31, 2016 | $0.012 |
| Sep 30, 2016 | $0.012 |
| Aug 31, 2016 | $0.013 |
| Jul 29, 2016 | $0.011 |
| Jun 30, 2016 | $0.012 |
| May 31, 2016 | $0.012 |
| Apr 29, 2016 | $0.012 |
| Mar 31, 2016 | $0.012 |
| Feb 29, 2016 | $0.012 |
| Jan 29, 2016 | $0.013 |
| Dec 31, 2015 | $0.012 |
| Nov 30, 2015 | $0.012 |
| Oct 30, 2015 | $0.011 |
| Sep 30, 2015 | $0.012 |
| Aug 31, 2015 | $0.012 |
| Jul 31, 2015 | $0.011 |
| Jun 30, 2015 | $0.012 |
| May 29, 2015 | $0.012 |
| Apr 30, 2015 | $0.012 |
| Mar 31, 2015 | $0.012 |
| Feb 27, 2015 | $0.012 |
| Jan 30, 2015 | $0.012 |
| Dec 31, 2014 | $0.012 |
| Nov 28, 2014 | $0.012 |
| Oct 31, 2014 | $0.011 |
| Sep 30, 2014 | $0.012 |
| Aug 29, 2014 | $0.012 |
| Jul 31, 2014 | $0.012 |
| Jun 30, 2014 | $0.012 |
| May 30, 2014 | $0.011 |
| Apr 30, 2014 | $0.012 |
| Mar 31, 2014 | $0.011 |
| Feb 28, 2014 | $0.012 |
| Jan 31, 2014 | $0.011 |
| Dec 31, 2013 | $0.011 |
| Nov 29, 2013 | $0.011 |
| Oct 31, 2013 | $0.011 |
| Sep 30, 2013 | $0.012 |
| Aug 30, 2013 | $0.012 |
| Jul 31, 2013 | $0.012 |
| Jun 28, 2013 | $0.012 |
| May 31, 2013 | $0.011 |
| Apr 30, 2013 | $0.011 |
| Mar 28, 2013 | $0.011 |
| Feb 28, 2013 | $0.012 |
| Jan 31, 2013 | $0.011 |
| Dec 31, 2012 | $0.012 |
| Nov 30, 2012 | $0.012 |
| Oct 31, 2012 | $0.012 |
| Sep 28, 2012 | $0.012 |
| Aug 31, 2012 | $0.013 |
| Jul 31, 2012 | $0.012 |
| Jun 29, 2012 | $0.013 |
| May 31, 2012 | $0.013 |
| Apr 30, 2012 | $0.013 |
| Mar 30, 2012 | $0.014 |
| Feb 29, 2012 | $0.014 |
| Jan 31, 2012 | $0.014 |
| Dec 30, 2011 | $0.015 |
| Nov 30, 2011 | $0.015 |
| Oct 31, 2011 | $0.015 |
| Sep 30, 2011 | $0.015 |
| Aug 31, 2011 | $0.015 |
| Jul 29, 2011 | $0.014 |
| Jun 30, 2011 | $0.015 |
| May 31, 2011 | $0.014 |
| Apr 29, 2011 | $0.014 |
| Mar 31, 2011 | $0.014 |
| Feb 28, 2011 | $0.014 |
| Jan 31, 2011 | $0.013 |
| Dec 31, 2010 | $0.014 |
| Nov 30, 2010 | $0.014 |
| Oct 29, 2010 | $0.014 |
| Sep 30, 2010 | $0.014 |
| Aug 31, 2010 | $0.013 |
| Jul 30, 2010 | $0.013 |
| Jun 30, 2010 | $0.014 |
| May 28, 2010 | $0.013 |
| Apr 30, 2010 | $0.014 |
| Mar 31, 2010 | $0.014 |
| Feb 26, 2010 | $0.014 |
| Jan 29, 2010 | $0.014 |
| Dec 31, 2009 | $0.014 |
| Dec 03, 2009 | $0.014 |
| Nov 04, 2009 | $0.015 |
| Oct 05, 2009 | $0.017 |
| Sep 03, 2009 | $0.015 |
| Aug 04, 2009 | $0.014 |
| Jul 06, 2009 | $0.015 |
| Jun 04, 2009 | $0.015 |
| May 04, 2009 | $0.016 |
| Apr 02, 2009 | $0.015 |
| Mar 04, 2009 | $0.017 |
| Feb 02, 2009 | $0.014 |
| Jan 05, 2009 | $0.017 |
| Dec 04, 2008 | $0.016 |
| Nov 03, 2008 | $0.016 |
| Oct 02, 2008 | $0.013 |
| Sep 04, 2008 | $0.015 |
| Aug 04, 2008 | $0.015 |
| Jul 02, 2008 | $0.013 |
| Jun 04, 2008 | $0.014 |
| May 05, 2008 | $0.015 |
| Apr 03, 2008 | $0.014 |
| Mar 05, 2008 | $0.015 |
| Feb 04, 2008 | $0.014 |
| Jan 03, 2008 | $0.013 |
| Dec 04, 2007 | $0.012 |
| Nov 05, 2007 | $0.013 |
| Oct 04, 2007 | $0.013 |
| Sep 04, 2007 | $0.012 |
| Aug 06, 2007 | $0.013 |
| Jul 05, 2007 | $0.013 |
| Jun 04, 2007 | $0.013 |
| May 03, 2007 | $0.012 |
| Apr 04, 2007 | $0.012 |
| Mar 05, 2007 | $0.012 |
| Feb 05, 2007 | $0.013 |
| Jan 04, 2007 | $0.012 |
| Dec 04, 2006 | $0.013 |
| Nov 02, 2006 | $0.011 |
| Oct 05, 2006 | $0.012 |
| Sep 05, 2006 | $0.013 |
| Aug 03, 2006 | $0.011 |
| Jul 05, 2006 | $0.012 |
| Jun 05, 2006 | $0.012 |
| May 04, 2006 | $0.012 |
| Apr 03, 2006 | $0.012 |
| Mar 02, 2006 | $0.018 |
| Feb 02, 2006 | $0.011 |
| Jan 04, 2006 | $0.011 |
| Dec 01, 2005 | $0.012 |
| Nov 01, 2005 | $0.011 |
| Oct 03, 2005 | $0.011 |
| Sep 01, 2005 | $0.011 |
| Aug 01, 2005 | $0.011 |
| Jul 01, 2005 | $0.011 |
| Jun 01, 2005 | $0.011 |
| May 02, 2005 | $0.011 |
| Apr 01, 2005 | $0.011 |
| Mar 01, 2005 | $0.011 |
| Feb 01, 2005 | $0.011 |
| Jan 03, 2005 | $0.011 |
| Dec 01, 2004 | $0.010 |
| Nov 01, 2004 | $0.011 |
| Oct 01, 2004 | $0.010 |
| Sep 01, 2004 | $0.009 |
| Aug 02, 2004 | $0.008 |
| Jul 01, 2004 | $0.007 |
| Jun 01, 2004 | $0.007 |
| May 03, 2004 | $0.008 |
| Apr 01, 2004 | $0.009 |
| Mar 01, 2004 | $0.009 |
| Feb 03, 2004 | $0.008 |
| Jan 05, 2004 | $0.009 |
| Dec 03, 2003 | $0.007 |
| Nov 03, 2003 | $0.006 |
| Oct 01, 2003 | $0.006 |
| Sep 03, 2003 | $0.005 |
| Aug 06, 2003 | $0.006 |
| Jul 07, 2003 | $0.007 |
| Jun 04, 2003 | $0.007 |
| May 05, 2003 | $0.007 |
| Apr 03, 2003 | $0.006 |
| Mar 04, 2003 | $0.009 |
| Feb 03, 2003 | $0.012 |
| Jan 02, 2003 | $0.012 |
| Dec 04, 2002 | $0.012 |
| Nov 04, 2002 | $0.012 |
| Oct 03, 2002 | $0.012 |
| Sep 03, 2002 | $0.012 |
| Aug 02, 2002 | $0.012 |
| Jul 03, 2002 | $0.012 |
| Jun 03, 2002 | $0.012 |
| May 02, 2002 | $0.012 |
| Apr 03, 2002 | $0.012 |
| Mar 04, 2002 | $0.012 |
| Feb 01, 2002 | $0.013 |
| Jan 03, 2002 | $0.013 |
| Dec 04, 2001 | $0.013 |
| Nov 01, 2001 | $0.018 |
| Oct 02, 2001 | $0.018 |
| Sep 05, 2001 | $0.018 |
| Aug 02, 2001 | $0.018 |
| Jul 05, 2001 | $0.018 |
| Jun 05, 2001 | $0.018 |
| May 03, 2001 | $0.018 |
| Apr 03, 2001 | $0.018 |
| Mar 01, 2001 | $0.018 |
| Feb 01, 2001 | $0.017 |
| Jan 03, 2001 | $0.002 |
| Dec 06, 2000 | $0.017 |
| Nov 06, 2000 | $0.016 |
| Oct 05, 2000 | $0.016 |
| Sep 05, 2000 | $0.016 |
| Aug 03, 2000 | $0.016 |
| Jul 03, 2000 | $0.016 |
| Jun 01, 2000 | $0.016 |
| May 03, 2000 | $0.016 |
| Apr 03, 2000 | $0.016 |
| Mar 02, 2000 | $0.016 |
| Feb 02, 2000 | $0.016 |
| Jan 03, 2000 | $0.002 |
| Dec 31, 1999 | $0.015 |
| Dec 03, 1999 | $0.016 |
| Nov 03, 1999 | $0.016 |
| Oct 04, 1999 | $0.016 |
| Sep 03, 1999 | $0.016 |
| Aug 06, 1999 | $0.016 |
| Jul 07, 1999 | $0.016 |
| Jun 07, 1999 | $0.016 |
| May 07, 1999 | $0.016 |
| Apr 07, 1999 | $0.016 |
| Mar 08, 1999 | $0.016 |
| Feb 05, 1999 | $0.016 |
| Jan 07, 1999 | $0.016 |
| Dec 31, 1998 | $0.013 |
| Dec 07, 1998 | $0.016 |
| Nov 06, 1998 | $0.016 |
| Oct 07, 1998 | $0.016 |
| Sep 08, 1998 | $0.016 |
| Aug 07, 1998 | $0.016 |
| Jul 08, 1998 | $0.016 |
| Jun 08, 1998 | $0.016 |
| May 08, 1998 | $0.016 |
| Apr 08, 1998 | $0.016 |
| Mar 09, 1998 | $0.016 |
| Feb 06, 1998 | $0.017 |
| Jan 07, 1998 | $0.013 |
| Dec 08, 1997 | $0.017 |
| Nov 07, 1997 | $0.017 |
| Oct 08, 1997 | $0.017 |
| Sep 08, 1997 | $0.017 |
| Aug 08, 1997 | $0.017 |
| Jul 09, 1997 | $0.017 |
| Jun 09, 1997 | $0.017 |
| May 09, 1997 | $0.017 |
| Apr 09, 1997 | $0.017 |
| Mar 10, 1997 | $0.017 |
| Feb 17, 1997 | $0.018 |
| Jan 15, 1997 | $0.005 |
| Dec 31, 1996 | $0.013 |
| Dec 16, 1996 | $0.018 |
Start Date
Tenure
Tenure Rank
Dec 31, 1998
21.01
21.0%
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.
Start Date
Tenure
Tenure Rank
Dec 14, 2007
12.05
12.1%
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.
Start Date
Tenure
Tenure Rank
Apr 01, 2012
7.75
7.8%
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.
Start Date
Tenure
Tenure Rank
Apr 01, 2016
3.75
3.8%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 33.1 | 7.64 | 0.67 |
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