The Lord Abbett Short Duration Income Fund

Class F: (LDLFX) & Class I: (LLDYX)

Overall Morningstar Rating ★★★★★

 

A record of consistency versus peers that few funds in the industry have matched

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CALENDAR YEAR PEER RANKINGS:
Morningstar Short-Term Bond Category

Data as of 07/31/2019. Source: Morningstar. The number of Funds includes all share classes of Funds in the category. Past performance is not a reliable indicator or guarantee of future results. The ranking information shown above reflects the Fund’s relative performance to other mutual funds within the Fund’s peer group and does not reflect the absolute performance of the Fund. It is possible that during any given time frame within the periods shown above the Fund may have had negative performance. Morningstar Category rankings are based on total returns at net asset value and include the reinvestment of all distributions and do not take into account sales charges. Morningstar percentile rankings for the specified periods are relative to all share classes of funds that have the same investment categories.

Morningstar total return percentile rankings for the specified periods are relative to all share classes of funds that have the same investment categories. The highest (or most favorable) percentile rank is 1, and the lowest (or least favorable) percentile rank is 100.

Morningstar rated the Lord Abbett Short Duration Income Fund class F share 4, 5 and 5 stars among 490, 437 and 277 Short-Term Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 8/31/2019, respectively.

The Short Duration Income Class F share rankings within the Morningstar Short-Term Bond Category as of 06/30/2019 for the one-year time period was 29% (146/542); three-year, 10% (51/478); five-year, 8% (26/421); and 10-year, 9% (23/269).

The Short Duration Income Class I share rankings within the Morningstar Short-Term Bond Category as of 06/30/2019 for the one-year time period was 26% (128/542); three-year, 8% (42/478); five-year, 6% (19/421); and 10-year, 8% (20/269).

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance. Past performance is no guarantee of future results.