LCRVX | Core Fixed Income Fund Class R6 | Lord Abbett
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Core Fixed Income Fund

Summary

Summary

What is the Core Fixed Income Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities.

 

Yield

Dividend Yield 1 as of 03/03/2021  

w/o sales charge 1.39%

30-Day Standardized Yield 2 as of 01/31/2021  

0.83%

Fund Basicsas of 01/29/2021

Total Net Assets
$2.06 B
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Expense Ratio
0.36%
Number of Holdings
399

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -1.53% 2.63% 5.47% 3.91% 3.83% -
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index -2.15% 1.38% 5.32% 3.55% 3.58% -

Fund Expense Ratio :

0.36%

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 8.32% 8.32% 5.33% 4.51% 4.05% -
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% -

Fund Expense Ratio :

0.36%

Type Assets
U.S. Government Related
MBS
ABS
CMBS
Corporates
Sovereign
Other
Cash
Maturity Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

Credit Quality Distribution as of 01/29/2021 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

22 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Supported By 64 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 03/03/2021  

w/o sales charge 1.39%

30-Day Standardized Yield 2 as of 01/31/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.83% 0.83%

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -1.53% 2.63% 5.47% 3.91% 3.83% -
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index -2.15% 1.38% 5.32% 3.55% 3.58% -

Fund Expense Ratio :

0.36%

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 8.32% 8.32% 5.33% 4.51% 4.05% -
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% -

Fund Expense Ratio :

0.36%

Year Fund Returns Bloomberg Barclays U.S. Aggregate Bond Index
2020 8.32% 7.51%
2019 8.14% 8.72%
2018 -0.25% 0.01%
2017 3.58% 3.54%
2016 3.04% 2.65%
2015 -0.22% 0.55%
2014 6.45% 5.97%
2013 -1.90% -2.02%
2012 6.06% 4.22%
2011 7.92% 7.84%
2010 7.00% -
2009 12.99% -
2008 1.58% -
2007 6.71% -
2006 4.35% -
2005 2.51% -
2004 4.47% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - -1.78%
2020 1.79% 3.69% 1.40% 1.21% 8.32%
2019 2.91% 3.06% 2.11% -0.14% 8.14%
2018 -1.40% -0.27% 0.19% 1.25% -0.25%
2017 0.93% 1.39% 0.83% 0.39% 3.58%
2016 2.74% 2.36% 0.92% -2.91% 3.04%
2015 1.44% -1.58% 0.71% -0.76% -0.22%
2014 2.17% 2.25% 0.20% 1.69% 6.45%
2013 0.16% -2.65% 0.43% 0.18% -1.90%
2012 1.10% 2.23% 2.05% 0.56% 6.06%
2011 0.66% 2.27% 3.54% 1.26% 7.92%
2010 2.17% 3.31% 2.65% -1.24% 7.00%
2009 2.51% 4.07% 5.54% 0.35% 12.99%
2008 1.30% 0.03% -1.16% 1.41% 1.58%
2007 1.57% -0.72% 2.98% 2.76% 6.71%
2006 -0.45% -0.15% 3.76% 1.17% 4.35%
2005 -0.19% 2.99% -0.78% 0.50% 2.51%
2004 - - - 1.17% 4.47%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
U.S. Government Related
MBS
ABS
CMBS
Corporates
Sovereign
Other
Cash
Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

Credit Quality Distribution as of 01/29/2021

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Portfolio Positioning as of 9/30/2020

  • Over the quarter the largest change in the portfolio composition was an increase in the U.S. Treasury allocation as spreads in riskier sectors tightened and we continue to prioritize and emphasize liquidity within the portfolio.
  • We decreased the portfolio’s allocation to investment grade corporate credit. Specifically, we reduced the portfolio’s allocation to high quality corporate bonds in July and August as spreads had tightened significantly since their March wides.
  • We feel valuations are attractive compared to underlying economic fundamentals.  The Fed continues to provide an environment of significantly low volatility, negative real yields, and support to maintain market liquidity.

Portfolio Details as of 01/29/2021

Total Net Assets
$2.06 B
Number of Issues
399
Average Coupon
2.25%
Average Life
6.4 Years
Average Maturity
6.4 Years
Average Effective Duration
5.93 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 03/03/2021
$0.026
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 02/28/2021 $0.01283 $11.14
Daily Daily 01/31/2021 $0.01369 $11.28

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 03/31/2021
Daily Daily 04/30/2021
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2020 12/18/2020 $0.0916 $0.2796 $0.3712 $11.30

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 01/31/2021

0.36%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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Fact Sheet
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Commentary
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Publish Date:11/03/2015

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The Barclays U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. 

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