Performance
Trailing returns
| 1 day | +0.14% |
| |||
| 1 week | +0.47% |
| |||
| 4 week |
| -1.98% | |||
| 3 month | +0.70% |
| |||
| YTD | +3.50% |
| |||
| 1 year | +11.87% |
| |||
| 3 years* | +10.06% |
| |||
| 5 years* | +8.12% |
| |||
| *annualized | |||||
| Best 3 month return | +12.76% | |
| Worst 3 month return | -22.29% |
Morningstar statistics
Morningstar category: Multisector Bond
| Return | Risk | Rating | |
| 3 years | Above Average | Above Average |
 
|
| 5 years | Average | Above Average |
|
| 10 years | Average | Above Average |
|
| Overall | Average | Above Average |
|
Morningstar style Learn more
| Large | |||
| Mid | |||
| Small | |||
| Value | Blend | Growth |
Key statistics
| Total assets | 8.70B | |
| Front load | 4.75% | |
| Deferred load | - | |
| Expense ratio | 0.96% | |
| Management fee | - | |
| Fund family | Lord Abbett |
Asset allocation
| Cash | 0.35% | |
| Stocks | 4.61% | |
| Bonds | 82.38% | |
| Preferred | 2.69% | |
| Convertible | 5.72% | |
| Other | 4.24% |
Purchase information
| Initial | US$1,000 | |
| IRA Initial | US$1,000 | |
| AIP Initial | US$250 | |
| AIP Additional | US$50 |
8.20-0.02(-0.24%)
Jun 19, 4:00PM EDT
Overall Morningstar RatingTM
Description
The investment seeks high current income and the opportunity for capital appreciation to produce a high total return. To pursue its objective under normal market conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds, debentures and other fixed income securities. It may invest a substantial portion of its net assets in high-yield securities (commonly referred to as "below investment grade" or "junk" bonds). High-yield securities are rated BB/Ba or lower by a rating agency, or are unrated but determined by Lord Abbett to be of comparable quality.
Fund filings (PDF) »
Fund filings (PDF) »
Asset manager:
Christopher Towle (Started: Dec 31, 1987)
Christopher Towle (Started: Dec 31, 1987)
90 Hudson Street
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 12.14 | 10.96 | 3.72 | 4.44 | |
| Beta* | 0.44 | -0.15 | 0.87 | 0.56 | |
| Mean annual return | 1.05 | 0.87 | 0.70 | 0.65 | |
| R-squared* | 26.72 | 0.39 | 8.88 | 6.33 | |
| Standard deviation | 2.31 | 6.38 | 10.58 | 8.02 | |
| Sharpe ratio | 5.43 | 1.62 | 0.77 | 0.75 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| Alliance Data Sys 144A 6.375% | 0.66% | |
| Chs / Cmnty Health Sys 8% | 0.64% | |
| Sprint Cap 6.9% | 0.64% | |
| Reynolds Grp Issuer 8.5% | 0.61% | |
| Crown Cork & Seal 7.375% | 0.60% | |
| B E Aerospace 5.25% | 0.48% | |
| Gilead Sciences Cv 0.625% | 0.48% | |
| Intl Lease Fin 8.75% | 0.46% | |
| Biomet 144A 6.5% | 0.44% | |
| Bk Amer Pfd | 0.42% |