Image alt tag

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

Core Plus Bond Fund

Summary

Summary

What is the Core Plus Bond Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing in a wide range of fixed income securities, including U.S. investment grade and high yield corporate bonds, mortgage-backed, asset-backed, and government-related securities, with select allocations to non-U.S. (including emerging market) debt securities.

Yield

Dividend Yield 1 as of 12/06/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.86% 1.15%
w/ sales charge 2.80% 1.13%

30-Day Standardized Yield 2 as of 10/31/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.07% 1.95%

Expense Ratioas of 11/30/2019

Fund Basicsas of 10/31/2019

Total Net Assets
$181.17 M
Inception Date
12/08/2015
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
562
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.69% 10.39% 4.54% - - 4.56%
Lipper Category Avg. Core Plus Bond Funds 9.23% 10.53% 4.29% - - -
Bloomberg Barclays U.S. Universal Index 9.13% 10.84% 4.35% - - 4.10%
w/ sales charge 7.24% 7.92% 3.74% - - 3.97%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.31% 9.11% 3.61% - - 4.67%
Lipper Category Avg. Core Plus Bond Funds 8.86% 9.54% 3.25% - - -
Bloomberg Barclays U.S. Universal Index 8.80% 10.07% 3.23% - - 4.20%
w/ sales charge 6.87% 6.63% 2.82% - - 4.05%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

Type Assets
MBS
Investment Grade Corporate
ABS
U.S. Government Related
CMBS
Sovereign
High Yield Corporate
Bank Loans
Other
Cash
Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

Credit Quality Distribution as of 10/31/2019 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

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

Partner & Portfolio Manager

21 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Supported By 64 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 12/06/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.86% 1.15%
w/ sales charge 2.80% 1.13%

30-Day Standardized Yield 2 as of 10/31/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.07% 1.95%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.69% 10.39% 4.54% - - 4.56%
Lipper Category Avg. Core Plus Bond Funds 9.23% 10.53% 4.29% - - -
Bloomberg Barclays U.S. Universal Index 9.13% 10.84% 4.35% - - 4.10%
w/ sales charge 7.24% 7.92% 3.74% - - 3.97%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.31% 9.11% 3.61% - - 4.67%
Lipper Category Avg. Core Plus Bond Funds 8.86% 9.54% 3.25% - - -
Bloomberg Barclays U.S. Universal Index 8.80% 10.07% 3.23% - - 4.20%
w/ sales charge 6.87% 6.63% 2.82% - - 4.05%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

Portfolio

Portfolio

Rating Assets
MBS
Investment Grade Corporate
ABS
U.S. Government Related
CMBS
Sovereign
High Yield Corporate
Bank Loans
Other
Cash
Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

Credit Quality Distribution as of 10/31/2019

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

Portfolio Positioningas of 9/30/2019

  • We continue to tactically trade our MBS position based on relative valuation. For the quarter, the Fund’s mortgage-backed securities (MBS) allocation decreased. We decreased the portfolio’s exposure to mortgage-backed securities (MBS) in July as MBS spreads over Treasuries tightened closer to historical averages.  As MBS spreads widened in August, we began to add back to the sector.
  • We slightly increased the portfolio’s overweight to commercial mortgage-backed securities (CMBS) and asset-backed securities (ABS). CMBS continues to offer less sensitivity to potential deterioration of U.S. trade conditions as the asset class has a domestic orientation. Our team favors SASB (single-asset / single-borrower) CMBS deals across the credit spectrum, which have had superior underwriting and, in some cases, lower spread volatility, than conduit deals.
  • In addition, we continue to favor the liquidity that ABS provide, and have found unique pockets of relative value and appealing risk-adjusted spread, primarily in credit card and auto-related ABS.
  • We believe the mixed messaging from the Fed and geopolitical/trade risks will result in volatility remaining heightened for the next few months.

Portfolio Details as of 10/31/2019

Total Net Assets
$181.17 M
Number of Issues
562
Average Coupon
3.48%
Average Life
7.21 Years
Average Maturity
7.21 Years
Average Effective Duration
5.48 Years
Average Modified Duration
6.06 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 12/06/2019
$0.445
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2019 $0.03662 $15.39
Daily Daily 10/31/2019 $0.03685 $15.42
Daily Daily 09/30/2019 $0.03671 $15.41
Daily Daily 08/31/2019 $0.03455 $15.50
Daily Daily 07/31/2019 $0.04023 $15.27
Daily Daily 06/30/2019 $0.04385 $15.24
Daily Daily 05/31/2019 $0.04362 $15.04
Daily Daily 04/30/2019 $0.04294 $14.92
Daily Daily 03/31/2019 $0.04382 $14.89
Daily Daily 02/28/2019 $0.04135 $14.67
Daily Daily 01/31/2019 $0.04492 $14.68

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 12/31/2019

Yield

Yield

Dividend Yield as of 12/06/2019  

  Subsidized Un-Subsidized
w/o sales charge 2.86% 1.15%
w/ sales charge 2.80% 1.13%

30-Day Standardized Yield as of 10/31/2019  

Subsidized Un-Subsidized
2.07% 1.95%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 12/06/2019

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $15.71
$100,000 to $249,999 1.75% 1.50% $15.63
$250,000 to $499,999 1.25% 1.00% $15.55
$500,000 to $999,999 0.00% 1.00% $15.36
$1,000,000 to $5,000,000 0.00% 1.00% $15.36

Expense Ratioas of 11/30/2019

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015
Flyer
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
Quantity
Quantity
Remove
Remove

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

The Bloomberg Barclays U.S. Universal Index represents the union of the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index. Municipal debt, private placements, and non-dollar-denominated issues are excluded from the Universal Index. The only constituent of the index that includes floating-rate debt is the Emerging Markets Index.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field