Lord Abbett Ultra Short Bond I
- LUBYX
- Price as of: Jan 25, 2021
-
$10.04
N/A N/A
- Primary Theme
- U.S. Ultrashort Bond Duration
- Fund Company
- Lord Abbett
- Share Class
LUBYX - Snapshot
Vitals
- YTD Return 0.0%
- 3 Yr Annualized Return 2.1%
- 5 Yr Annualized Return N/A
- Net Assets $21.4 B
- Holdings in Top 10 13.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.33%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 46.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000,000
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Ultrashort Bond Duration
- Fund Type Open End Mutual Fund
- Investment Style Ultrashort Bond
LUBYX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.56%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLord Abbett Ultra Short Bond Fund
-
Fund Family NameLord Abbett
-
Inception DateOct 17, 2016
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKewjin Yuoh
Fund Description
Under normal conditions, the fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in investment grade debt securities of various types. It invests only in debt securities rated investment grade at the time of purchase or determined by Lord Abbett to be of comparable quality. Normally, the fund seeks to invest in fixed-rate debt securities with a maximum weighted average maturity of 2.25 years.
LUBYX - Performance
Return Ranking - Trailing
Period | LUBYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -0.3% | 4.1% | 63.30% |
1 Yr | 1.3% | -6.8% | 3.6% | 58.41% |
3 Yr | 2.1%* | -0.8% | 3.4% | 41.67% |
5 Yr | N/A* | 0.4% | 3.9% | N/A |
10 Yr | N/A* | 0.0% | 2.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | LUBYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 0.1% | -7.4% | 1.8% | 59.05% |
2019 | 0.4% | -0.3% | 2.5% | 57.95% |
2018 | -0.2% | -2.5% | 0.4% | 26.19% |
2017 | 0.2% | -1.8% | 100.0% | 28.95% |
2016 | N/A | -1.0% | 1.3% | N/A |
Total Return Ranking - Trailing
Period | LUBYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -0.3% | 4.1% | 63.76% |
1 Yr | 1.3% | -6.8% | 3.6% | 55.61% |
3 Yr | 2.1%* | -0.8% | 3.4% | 40.10% |
5 Yr | N/A* | 0.1% | 3.9% | N/A |
10 Yr | N/A* | 0.0% | 2.2% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | LUBYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 0.1% | -7.4% | 1.8% | 59.05% |
2019 | 0.4% | -0.3% | 2.5% | 58.46% |
2018 | -0.2% | -51.1% | 2.0% | 34.52% |
2017 | 0.2% | -1.8% | 2.7% | 35.53% |
2016 | N/A | -1.0% | 2.9% | N/A |
NAV & Total Return History
LUBYX - Holdings
Concentration Analysis
LUBYX | Category Low | Category High | LUBYX % Rank | |
---|---|---|---|---|
Net Assets | 21.4 B | 24.8 K | 21.4 B | 1.83% |
Number of Holdings | 498 | 1 | 1941 | 22.58% |
Net Assets in Top 10 | 3 B | -617 M | 11.4 B | 2.76% |
Weighting of Top 10 | 13.82% | 0.0% | 100.0% | 69.30% |
Top 10 Holdings
- United States Treasury Bills 0% 4.64%
- United States Treasury Bills 0% 4.63%
- United States Treasury Notes 0.13% 2.47%
- United States Treasury Notes 0.13% 1.23%
- Wells Fargo & Company 1.18% 1.23%
- Morgan Stanley 1.45% 1.10%
- Morgan Stanley 0.78% 1.08%
- Goldman Sachs Group, Inc. 1.35% 1.01%
- Goldman Sachs Group, Inc. 1.04% 0.96%
- United States Treasury Notes 0.13% 0.92%
Asset Allocation
Weighting | Return Low | Return High | LUBYX % Rank | |
---|---|---|---|---|
Bonds | 65.70% | 0.00% | 100.00% | 64.52% |
Cash | 29.93% | 0.00% | 100.00% | 34.10% |
Convertible Bonds | 4.37% | 0.00% | 11.16% | 23.04% |
Stocks | 0.00% | -0.08% | 21.19% | 31.80% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 28.57% |
Other | 0.00% | -11.64% | 16.96% | 41.47% |
Bond Sector Breakdown
Weighting | Return Low | Return High | LUBYX % Rank | |
---|---|---|---|---|
Corporate | 49.02% | 0.00% | 99.95% | 28.11% |
Cash & Equivalents | 28.97% | 0.00% | 100.00% | 31.80% |
Securitized | 19.86% | 0.00% | 97.17% | 57.60% |
Government | 2.15% | 0.00% | 100.00% | 52.07% |
Derivative | 0.00% | 0.00% | 18.66% | 34.56% |
Municipal | 0.00% | 0.00% | 76.48% | 63.59% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | LUBYX % Rank | |
---|---|---|---|---|
US | 54.85% | 0.00% | 100.00% | 58.53% |
Non US | 10.85% | 0.00% | 57.61% | 65.90% |
LUBYX - Expenses
Operational Fees
LUBYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.33% | 0.08% | 2.77% | 76.19% |
Management Fee | 0.17% | 0.00% | 1.19% | 14.68% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.04% | 0.01% | 0.40% | 8.14% |
Sales Fees
LUBYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.50% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
LUBYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
LUBYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 46.00% | 0.00% | 303.00% | 23.15% |
LUBYX - Distributions
Dividend Yield Analysis
LUBYX | Category Low | Category High | LUBYX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.56% | 39.45% |
Dividend Distribution Analysis
LUBYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
LUBYX | Category Low | Category High | LUBYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.56% | -0.20% | 3.01% | 10.33% |
Capital Gain Distribution Analysis
LUBYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 29, 2019 | $0.024 |
Feb 28, 2019 | $0.022 |
Jan 31, 2019 | $0.023 |
Dec 31, 2018 | $0.022 |
Nov 30, 2018 | $0.021 |
Oct 31, 2018 | $0.021 |
Sep 30, 2018 | $0.020 |
Aug 31, 2018 | $0.020 |
Jul 31, 2018 | $0.020 |
Jun 30, 2018 | $0.019 |
May 31, 2018 | $0.020 |
Apr 30, 2018 | $0.018 |
Mar 31, 2018 | $0.017 |
Feb 28, 2018 | $0.014 |
Jan 31, 2018 | $0.015 |
LUBYX - Fund Manager Analysis
Managers
Kewjin Yuoh
Start Date
Tenure
Tenure Rank
Oct 17, 2016
4.21
4.2%
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.
Andrew O'Brien
Start Date
Tenure
Tenure Rank
Oct 17, 2016
4.21
4.2%
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.
Adam Castle
Start Date
Tenure
Tenure Rank
Apr 01, 2018
2.75
2.8%
Mr. Castle joined Lord Abbett in 2015. Mr. Castle was formerly Vice President at Credit Suisse from 2013 to 2015 and Assistant Vice President at AllianceBernstein from 2008 to 2013.
Yoana Koleva
Start Date
Tenure
Tenure Rank
Apr 01, 2018
2.75
2.8%
Ms. Koleva joined Lord Abbett in 2011.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 31.02 | 5.61 | 4.89 |