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LTRAX Lord Abbett Total Return A

LTRAX - Profile

Vitals

  • YTD Return 4.9%
  • 3 Yr Annualized Return -0.5%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $4.06 B
  • Holdings in Top 10 17.1%

52 WEEK LOW AND HIGH

$10.44
$9.83
$10.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 643.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,500

IRA

$1,500

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core-Plus Bond

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.74%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Lord Abbett Total Return Fund
  • Fund Family Name Lord Abbett
  • Inception Date Aug 31, 2000
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Robert A. Lee

Fund Description

The fund pursues its investment objective by investing primarily in investment grade debt (or fixed income) securities including securities issued or guaranteed by the U.S. government, its agencies or instrumentalities; Corporate debt securities; Mortgage-backed, mortgage-related, and other asset-backed securities; Inflation-linked investments; and Senior loans. It may invest up to 20% of its net assets in high-yield debt securities. The fund may invest up to 20% of its net assets in debt securities of non-U.S. issuers that are denominated in non-U.S. currencies.

LTRAX - Performance

Return Ranking - Trailing

Period LTRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% 0.0% 9.5% 73.08%
1 Yr 4.8% 0.0% 7.1% 62.12%
3 Yr -0.5%* -2.4% 1.9% 82.91%
5 Yr -0.2%* -2.3% 24.1% 59.26%
10 Yr -0.4%* -0.5% 12.9% 83.91%

* Annualized


Return Ranking - Calendar

Period LTRAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.1% -5.8% 2.7% 71.19%
2017 1.2% -2.0% 3.9% 57.49%
2016 0.9% -8.5% 192.8% 31.17%
2015 -3.6% -12.2% -0.6% 54.81%
2014 2.4% -1.9% 6.0% 40.91%

Total Return Ranking - Trailing

Period LTRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% 0.0% 9.5% 75.48%
1 Yr 4.8% 0.0% 11.5% 73.23%
3 Yr -0.4%* -1.5% 4.3% 86.71%
5 Yr 0.0%* -1.6% 29.1% 69.63%
10 Yr 0.8%* -0.5% 17.9% 54.02%

* Annualized


Total Return Ranking - Calendar

Period LTRAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.1% -5.8% 3.9% 79.10%
2017 1.2% -1.5% 8.4% 64.07%
2016 1.2% -2.3% 204.3% 50.00%
2015 -3.4% -12.2% 3.7% 63.70%
2014 3.0% -1.9% 10.8% 55.30%

NAV & Total Return History

LTRAX - Holdings

Concentration Analysis

LTRAX Category Low Category High LTRAX % Rank
Net Assets 4.06 B 4.34 M 69 B 21.03%
Number of Holdings 525 3 7600 46.45%
Net Assets in Top 10 682 M -46.4 M 41 B 25.12%
Weighting of Top 10 17.05% 6.6% 196.2% 79.62%

Top 10 Holdings

  1. United States Treasury Notes 0.63% 4.42%

  2. United States Treasury Notes 2.5% 3.51%

  3. United States Treasury Notes 1.75% 2.50%

  4. United States Treasury Bonds 2.75% 2.06%

  5. United States Treasury Bonds 3% 0.97%

  6. United States Treasury Notes 2.63% 0.94%

  7. JPMorgan Chase & Co. 3.78% 0.72%

  8. Bank of America Corporation 3.59% 0.70%

  9. DRIVE AUTO RECEIVABLES TR 2017-3 5.3% 0.65%

  10. Japan Bank for International Cooperation 2.13% 0.58%


Asset Allocation

Weighting Return Low Return High LTRAX % Rank
Bonds
71.38% 0.00% 153.87% 87.68%
Cash
27.91% -61.39% 57.02% 8.53%
Convertible Bonds
0.71% 0.00% 4.93% 44.55%
Stocks
0.00% -5.33% 13.33% 35.55%
Preferred Stocks
0.00% 0.00% 2.05% 46.45%
Other
0.00% -34.36% 99.41% 32.70%

Bond Sector Breakdown

Weighting Return Low Return High LTRAX % Rank
Cash & Equivalents
27.91% -60.88% 57.49% 8.53%
Securitized
26.33% 0.00% 123.72% 66.35%
Corporate
25.91% 0.00% 71.68% 67.30%
Government
19.65% -11.98% 78.04% 61.61%
Municipal
0.19% 0.00% 23.29% 46.45%
Derivative
0.00% -17.13% 23.67% 34.12%

Bond Geographic Breakdown

Weighting Return Low Return High LTRAX % Rank
US
55.69% -12.73% 153.87% 87.68%
Non US
15.69% -6.91% 65.84% 29.38%

LTRAX - Expenses

Operational Fees

LTRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.00% 37.25% 65.69%
Management Fee 0.28% 0.00% 0.96% 15.42%
12b-1 Fee 0.20% 0.00% 1.00% 20.87%
Administrative Fee 0.04% 0.00% 0.50% 12.03%

Sales Fees

LTRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 1.50% 4.75% 91.67%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

LTRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

LTRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 643.00% 1.00% 1209.00% 90.87%

LTRAX - Distributions

Dividend Yield Analysis

LTRAX Category Low Category High LTRAX % Rank
Dividend Yield 1.60% 0.00% 5.49% 39.25%

Dividend Distribution Analysis

LTRAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

LTRAX Category Low Category High LTRAX % Rank
Net Income Ratio 2.74% 0.45% 7.29% 55.39%

Capital Gain Distribution Analysis

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

LTRAX - Managers

Robert A. Lee

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 2000

19.01

19.0%

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.


Andrew H. O'Brien

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2007

11.92

11.9%

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

0.08

Category High

25.18

Category Average

6.24

Category Mode

4.93