Lord Abbett Short Duration Income Fund Class C (LDLAX)
| 4.57 Net Asset Value | 0.00% 1 Day | -0.22% Year-to-Date | Overall Morningstar Rating |
| Short-term bond Style or Category | No Load Sales Expenses | 1.27% Expense Ratio | Above Average Morningstar Risk Rating™ |
Investment Objective The investment seeks a high level of income consistent with preservation of capital.
The fund invests primarily in various types of short duration debt (or fixed income) securities. It pursues its investment objective by investing 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 and other asset-backed securities; and securities issued or guaranteed by the U.S. government, its agencies or government-sponsored enterprises; and inflation-linked investments.
Performance
| 1 month | +0.06% | 3 years | +2.88% | |
| 3 months | +0.53% | 5 years | +4.07% | |
| 1 year | +2.50% | Since inception | +4.22% |
Data through --
Peer Comparisonvs. Short-term bond
| LDLAX | Category | |
|---|---|---|
| Performance 5-yr return | +4.07% | +3.21% |
| Expense ratio | 1.27% | 0.87% |
| Risk 5 year sharpe ratio | 2.19 | 1.80 |
| Net assets | $35.9B | $2.2B |
| Average market cap | -- | $30.7B |
| Average P/E | -- | 16.9 |
| Portfolio turnover | 71% | 71% |
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Fund Management and Purchase Info
| Fund family | Lord Abbett |
| Fund manager & tenure | Andrew O'Brien / 16 Years |
| Minimal initial investment | $1,500.00 |
| Minimum IRA investment | $1,500.00 |
Holdings
| Fixed income | 87.92% |
| Cash | 11.86% |
| Other | 0.22% |
| U.S. stock | 0.00% |
| International stock | 0.00% |
Top 5 SectorsPortfolio weighting
| Business service | 100.00% |
| Consumer goods | 0.00% |
| Consumer service | 0.00% |
| Energy | 0.00% |
| Financial service | 0.00% |
Top 10 HoldingsPortfolio weighting
| -- Qvc 144A 7.5% | 0.60% |
| -- Host Hotels & Resorts 6% | 0.59% |
| -- Fidelity Natl Info Svcs 7.875% | 0.53% |
| -- Ml-Cfc Coml Mtg Tr 2007-5 CMO 5.419% | 0.50% |
| -- Wachovia Cmbs 2007-C31 CMO | 0.50% |
| -- Citigroup Coml Mtg 2007-C6 CMO | 0.47% |
| -- Warner Chilcott 7.75% | 0.47% |
| -- Air Lease 5.625% | 0.47% |
| -- Comm Mtg Tr 2013-Ccre6 CMO 2.122% | 0.46% |
| -- Plains Expl& Prodtn 7.625% | 0.45% |
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