LHYAX: Lord Abbett High Yield A

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LHYAX Lord Abbett High Yield A


Profile

LHYAX - Profile

Vitals

  • YTD Return -5.7%
  • 3 Yr Annualized Return -2.9%
  • 5 Yr Annualized Return -0.7%
  • Net Assets $8.22 B
  • Holdings in Top 10 8.6%

52 WEEK LOW AND HIGH

$7.07
$5.71
$7.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 86.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -5.7%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return -0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.42%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett High Yield Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Dec 31, 1998
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steven Rocco

Fund Description

The fund normally pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rated debt securities, including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock. It may invest up to 20% of its net assets in foreign securities (including emerging market securities and American Depository Receipts ("ADRs")). The fund may invest up to 20% of its net assets in municipal securities.


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Categories

Performance

LHYAX - Performance

Return Ranking - Trailing

Period LHYAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.7% -52.7% 288.0% 82.23%
1 Yr -5.0% -51.8% 292.6% 79.49%
3 Yr -2.9%* -23.5% 57.3% 78.98%
5 Yr -0.7%* -4.1% 32.2% 62.26%
10 Yr -0.8%* -2.5% 1.3% 54.30%

* Annualized

Return Ranking - Calendar

Period LHYAX Return Category Return Low Category Return High Rank in Category (%)
2019 8.9% -4.2% 23.9% 27.62%
2018 -10.5% -17.1% -0.4% 94.62%
2017 2.5% -5.7% 4.9% 10.56%
2016 9.0% 0.3% 13.4% 13.35%
2015 -7.6% -15.6% 1.0% 34.34%

Total Return Ranking - Trailing

Period LHYAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.7% -52.7% 288.0% 82.23%
1 Yr -5.0% -51.8% 292.6% 79.49%
3 Yr -2.9%* -23.5% 57.3% 87.87%
5 Yr -0.7%* -4.1% 32.2% 73.55%
10 Yr 0.1%* -2.5% 6.3% 36.02%

* Annualized

Total Return Ranking - Calendar

Period LHYAX Return Category Return Low Category Return High Rank in Category (%)
2019 8.9% -4.2% 23.9% 30.18%
2018 -10.5% -17.1% 0.4% 94.89%
2017 2.5% -5.1% 9.3% 31.67%
2016 9.0% 0.5% 20.7% 34.78%
2015 -7.6% -15.6% 1.0% 48.82%

NAV & Total Return History


Holdings

LHYAX - Holdings

Concentration Analysis

LHYAX Category Low Category High LHYAX % Rank
Net Assets 8.22 B 251 K 27.2 B 5.19%
Number of Holdings 655 4 1683 8.85%
Net Assets in Top 10 690 M -476 M 2.65 B 5.41%
Weighting of Top 10 8.61% 5.5% 100.0% 68.41%

Top 10 Holdings

  1. Sprint Capital Corporation 6.88% 1.56%
  2. DISH DBS Corporation 7.75% 1.30%
  3. Ford Motor Company 9% 1.25%
  4. CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% 0.71%
  5. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.13% 0.70%
  6. Tesla Inc 5.3% 0.67%
  7. Kraft Heinz Foods Company 4.38% 0.63%
  8. Tenet Healthcare Corporation 6.25% 0.62%
  9. Tesla Inc 2% 0.59%
  10. ALTICE FRANCE S.A 8.13% 0.58%

Asset Allocation

Weighting Return Low Return High LHYAX % Rank
Bonds
92.05% 82.82% 136.76% 76.17%
Stocks
4.40% -28.46% 9.10% 4.18%
Convertible Bonds
3.30% 0.00% 6.33% 8.35%
Preferred Stocks
0.16% 0.00% 4.16% 25.06%
Other
0.08% -1.39% 5.14% 15.72%
Cash
0.00% -38.26% 17.18% 91.15%

Stock Sector Breakdown

Weighting Return Low Return High LHYAX % Rank
Communication Services
17.22% 0.00% 100.00% 16.24%
Consumer Defense
16.28% 0.00% 17.19% 2.14%
Consumer Cyclical
16.22% 0.00% 100.00% 22.22%
Industrials
15.34% 0.00% 100.00% 17.52%
Basic Materials
13.03% 0.00% 100.00% 9.40%
Technology
10.71% 0.00% 44.74% 10.26%
Healthcare
4.60% 0.00% 100.00% 19.23%
Financial Services
4.17% 0.00% 100.00% 16.67%
Utilities
2.43% 0.00% 99.75% 14.96%
Real Estate
0.00% 0.00% 100.00% 26.92%
Energy
0.00% 0.00% 100.00% 53.85%

Stock Geographic Breakdown

Weighting Return Low Return High LHYAX % Rank
US
4.08% -28.07% 9.10% 4.18%
Non US
0.32% -0.39% 0.32% 0.25%

Bond Sector Breakdown

Weighting Return Low Return High LHYAX % Rank
Corporate
99.68% 0.00% 100.00% 4.18%
Government
0.28% 0.00% 93.17% 17.20%
Derivative
0.03% 0.00% 24.47% 14.50%
Cash & Equivalents
0.00% 0.00% 17.18% 94.59%
Securitized
0.00% 0.00% 10.88% 44.47%
Municipal
0.00% 0.00% 5.04% 16.46%

Bond Geographic Breakdown

Weighting Return Low Return High LHYAX % Rank
US
75.70% 67.67% 118.54% 88.70%
Non US
16.35% 0.00% 29.53% 17.94%

Expenses

LHYAX - Expenses

Operational Fees

LHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.13% 20.17% 63.52%
Management Fee 0.52% 0.00% 1.60% 30.12%
12b-1 Fee 0.20% 0.00% 1.00% 17.65%
Administrative Fee 0.04% 0.02% 0.30% 5.71%

Sales Fees

LHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 2.00% 5.75% 85.33%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

LHYAX 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.

LHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 86.00% 1.88% 493.00% 83.89%

Distributions

LHYAX - Distributions

Dividend Yield Analysis

LHYAX Category Low Category High LHYAX % Rank
Dividend Yield 0.00% 0.00% 2.43% 12.04%

Dividend Distribution Analysis

LHYAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LHYAX Category Low Category High LHYAX % Rank
Net Income Ratio 5.42% -0.01% 9.04% 32.23%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LHYAX - Fund Manager Analysis

Managers

Steven Rocco


Start Date

Tenure

Tenure Rank

Dec 08, 2010

9.74

9.7%

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.

Robert Lee


Start Date

Tenure

Tenure Rank

Oct 15, 2013

6.88

6.9%

Robert A. Lee is a Partner and Chief Investment Officer at the Lord Abbett & Company. 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.

Christopher Gizzo


Start Date

Tenure

Tenure Rank

Apr 01, 2018

2.42

2.4%

Christopher J. Gizzo, Portfolio Manager, has joined Lord Abbett in 2008.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.05 6.99 1.67