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LDLRX Lord Abbett Short Duration Income R3

LDLRX - Profile

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return -1.4%
  • Net Assets $52.5 B
  • Holdings in Top 10 6.0%

52 WEEK LOW AND HIGH

$4.21
$4.14
$4.23

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

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

BROKERAGE FEES

  • Turnover 71.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.41%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Lord Abbett Short Duration Income Fund
  • Fund Family Name Lord Abbett
  • Inception Date Jul 21, 2009
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Robert A. 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.

LDLRX - Performance

Return Ranking - Trailing

Period LDLRX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -0.2% 18.3% 89.91%
1 Yr 1.0% -4.4% 15.6% 92.71%
3 Yr -1.1%* -3.0% 9.3% 92.37%
5 Yr -1.4%* -14.8% 3.5% 98.89%
10 Yr -0.7%* -8.7% 6.5% 98.32%

* Annualized


Return Ranking - Calendar

Period LDLRX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -13.7% 6.9% 46.44%
2017 -1.4% -6.5% 21.2% 97.91%
2016 -0.2% -58.1% 8.6% 47.10%
2015 -3.1% -24.0% 2.6% 83.28%
2014 -2.2% -60.4% 83.0% 98.03%

Total Return Ranking - Trailing

Period LDLRX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -0.2% 18.3% 90.50%
1 Yr 1.0% -4.4% 15.6% 94.02%
3 Yr -1.1%* -3.0% 9.3% 94.22%
5 Yr -1.4%* -14.8% 5.5% 98.94%
10 Yr -0.7%* -8.7% 7.0% 97.93%

* Annualized


Total Return Ranking - Calendar

Period LDLRX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -13.7% 6.9% 54.82%
2017 -1.4% -6.5% 27.0% 98.35%
2016 -0.2% -58.1% 10.7% 52.71%
2015 -3.1% -14.6% 4.2% 87.77%
2014 -2.2% -60.4% 83.0% 98.62%

NAV & Total Return History

LDLRX - Holdings

Concentration Analysis

LDLRX Category Low Category High LDLRX % Rank
Net Assets 52.5 B 701 K 241 B 0.73%
Number of Holdings 1770 1 17412 6.30%
Net Assets in Top 10 3.11 B -179 M 23.7 B 4.10%
Weighting of Top 10 6.00% 2.5% 212.7% 96.26%

Top 10 Holdings

  1. United States Treasury Notes 2.5% 2.08%

  2. United States Treasury Bills 0% 0.74%

  3. Dbwf 2018-Amxp Mortgage Trust 3.75% 0.61%

  4. FORD CREDIT AUTO OWNER TRUST 2015-1 2.12% 0.44%

  5. Caesars Palace Las Vegas Trust 3.53% 0.38%

  6. World Finl Network Credit Card Tst 2.03% 0.37%

  7. LCCM MORTGAGE TRUST 2.86% 0.37%

  8. Capital One Multi Asset Execution Trust 1.99% 0.34%

  9. AT&T Inc 3.78% 0.34%

  10. LYB Americas Finance Co 0.33%


Asset Allocation

Weighting Return Low Return High LDLRX % Rank
Bonds
95.10% 80.17% 129.72% 71.65%
Cash
4.72% -37.85% 22.95% 23.74%
Convertible Bonds
0.17% 0.00% 6.30% 40.33%
Stocks
0.01% -14.50% 14.08% 8.42%
Preferred Stocks
0.00% -1.25% 4.10% 63.19%
Other
0.00% -16.03% 27.53% 56.89%

Stock Sector Breakdown

Weighting Return Low Return High LDLRX % Rank
Energy
0.01% 0.00% 9.51% 29.26%
Utilities
0.00% 0.00% 24.74% 60.81%
Technology
0.00% 0.00% 21.18% 58.66%
Real Estate
0.00% 0.00% 19.91% 60.13%
Industrials
0.00% 0.00% 34.84% 62.68%
Healthcare
0.00% 0.00% 38.22% 60.81%
Financial Services
0.00% 0.00% 22.00% 65.64%
Communication Services
0.00% 0.00% 18.86% 60.40%
Consumer Defense
0.00% 0.00% 9.55% 59.60%
Consumer Cyclical
0.00% 0.00% 22.53% 62.42%
Basic Materials
0.00% 0.00% 10.36% 60.67%

Stock Geographic Breakdown

Weighting Return Low Return High LDLRX % Rank
US
0.01% -14.50% 12.26% 7.91%
Non US
0.00% 0.00% 4.63% 57.62%

Bond Sector Breakdown

Weighting Return Low Return High LDLRX % Rank
Securitized
52.55% 0.00% 141.25% 7.33%
Corporate
37.72% -1.23% 99.47% 22.20%
Government
4.83% -74.40% 115.78% 48.72%
Cash & Equivalents
4.72% -37.85% 22.95% 23.77%
Municipal
0.16% 0.00% 106.42% 70.95%
Derivative
0.00% -24.73% 33.80% 56.19%

Bond Geographic Breakdown

Weighting Return Low Return High LDLRX % Rank
US
77.43% 66.38% 150.14% 94.25%
Non US
17.67% -43.03% 26.38% 2.56%

LDLRX - Expenses

Operational Fees

LDLRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.00% 209.96% 39.75%
Management Fee 0.25% 0.00% 1.25% 13.59%
12b-1 Fee 0.50% 0.00% 1.00% 68.54%
Administrative Fee 0.04% 0.00% 0.63% 9.25%

Sales Fees

LDLRX 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 0.00% 5.50% N/A

Trading Fees

LDLRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover 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.

LDLRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 0.00% 1856.00% 64.24%

LDLRX - Distributions

Dividend Yield Analysis

LDLRX Category Low Category High LDLRX % Rank
Dividend Yield 1.76% 0.00% 95.96% 25.13%

Dividend Distribution Analysis

LDLRX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

LDLRX Category Low Category High LDLRX % Rank
Net Income Ratio 2.41% -0.18% 4.99% 55.93%

Capital Gain Distribution Analysis

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

LDLRX - Managers

Robert A. Lee

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1998

20.68

20.7%

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 H. O'Brien

Manager

Start Date

Tenure

Tenure Rank

Dec 14, 2007

11.72

11.7%

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

Manager

Start Date

Tenure

Tenure Rank

Apr 01, 2012

7.42

7.4%

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 F. Rocco

Manager

Start Date

Tenure

Tenure Rank

Apr 01, 2016

3.42

3.4%

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

0.0

Category High

39.94

Category Average

7.49

Category Mode

7.29