LAPLX | Core Plus Bond Fund Class A | Lord Abbett

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.

 

Core Plus Bond Fund

Track this Fund
Add to Hypo Tool

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

Average Yield to Maturity as of 05/30/2025

5.44%

Distribution Yield as of 06/18/2025  

5.13%

30-Day Standardized Yield 1 as of 05/31/2025  

4.95%

Fund Basicsas of 05/30/2025

Total Net Assets
$3.85 B
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.63%
Fund Net Expense Ratio
0.63%
Number of Holdings
688
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 2.09% 5.88% 2.43% 0.82% - 2.41%
Lipper Category Avg. Core Plus Bond Funds 2.43% 5.58% 1.81% -0.03% - -
Bloomberg U.S. Aggregate Bond Index 2.45% 5.46% 1.49% -0.90% - 1.59%
w/ sales charge -0.18% 3.51% 1.65% 0.36% - 2.17%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 2.57% 5.84% 1.27% 1.74% - 2.50%
Lipper Category Avg. Core Plus Bond Funds 2.70% 5.16% 0.66% 0.86% - -
Bloomberg U.S. Aggregate Bond Index 2.78% 4.88% 0.52% -0.40% - 1.66%
w/ sales charge 0.29% 3.42% 0.50% 1.27% - 2.26%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

Type Assets
Investment Grade Corporate
MBS
U.S. Government Related
High Yield Corporate
ABS
CMBS
CLO
Bank Loans
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 05/30/2025 View Portfolio

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

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner, Portfolio Manager

31 Years of Industry Experience

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

Partner, Portfolio Manager

27 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

24 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

34 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

17 Years of Industry Experience

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

24 Years of Industry Experience

Harris Trifon
Harris Trifon

Partner, Portfolio Manager

25 Years of Industry Experience

Karen  J. Gunnerson
Karen J. Gunnerson

Senior Managing Director, Portfolio Manager

15 Years of Industry Experience

Supported By 83 Investment Professionals with 17 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Average Yield to Maturity as of 05/30/2025

5.44%

Distribution Yield as of 06/18/2025  

5.13%

30-Day Standardized Yield 1 as of 05/31/2025  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.95% 4.95%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 2.09% 5.88% 2.43% 0.82% - 2.41%
Lipper Category Avg. Core Plus Bond Funds 2.43% 5.58% 1.81% -0.03% - -
Bloomberg U.S. Aggregate Bond Index 2.45% 5.46% 1.49% -0.90% - 1.59%
w/ sales charge -0.18% 3.51% 1.65% 0.36% - 2.17%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 2.57% 5.84% 1.27% 1.74% - 2.50%
Lipper Category Avg. Core Plus Bond Funds 2.70% 5.16% 0.66% 0.86% - -
Bloomberg U.S. Aggregate Bond Index 2.78% 4.88% 0.52% -0.40% - 1.66%
w/ sales charge 0.29% 3.42% 0.50% 1.27% - 2.26%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

Year Fund Returns Bloomberg U.S. Aggregate Bond Index
2024 3.36% 1.25%
2023 7.03% 5.53%
2022 -13.97% -13.01%
2021 0.59% -1.54%
2020 7.21% 7.51%
2019 9.86% 8.72%
2018 -0.93% 0.01%
2017 4.64% 3.54%
2016 5.63% 2.65%
2015 -0.59% 0.55%
Year Q1 Q2 Q3 Q4
2025 2.57% - - -
2024 0.17% 0.41% 5.38% -2.48%
2023 3.14% -0.54% -2.41% 6.91%
2022 -6.01% -6.21% -4.13% 1.79%
2021 -2.10% 2.52% 0.09% 0.12%
2020 -3.43% 5.51% 2.65% 2.51%
2019 3.96% 3.24% 1.85% 0.50%
2018 -1.26% -0.31% 0.84% -0.18%
2017 1.48% 1.48% 1.13% 0.48%
2016 2.43% 2.80% 2.20% -1.84%
2015 - - - -

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
MBS
U.S. Government Related
High Yield Corporate
ABS
CMBS
CLO
Bank Loans
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 05/30/2025

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

Portfolio Positioningas of 03/31/2025

  • Duration positioning detracted from relative performance over the quarter. Being underweight duration versus the benchmark detracted as U.S. Treasury rates moved lower during the period.
  • An allocation to high yield corporate bonds also detracted from relative returns. We modestly increased the portfolio’s overall exposure to high yield corporates.
  • There were no other significant detractors over the period.
  • Security selection within investment grade corporate bonds contributed to relative performance, specifically within the Financials sector. We increased the portfolio’s overall exposure to investment grade corporate bonds as we believe they offer attractive relative value.
  • The portfolio’s allocation to ABS and collateralized loan obligations (CLOs) modestly contributed to relative performance. Within CLOs and ABS, we decreased the portfolio’s overall exposure, specifically within AAA-rated.
  • The portfolio’s allocation to agency mortgage-backed securities (MBS) contributed to relative performance. We believe this is an attractive asset class for high quality carry and it may perform well as rate volatility declines.

Portfolio Details as of 05/30/2025

Total Net Assets
$3.85 B
Average Effective Duration
6.12 Years
Average Life
8.62 Years
Average Maturity
8.62 Years
Average Modified Duration
6.45 Years
Number of Issues
688
Average Yield to Maturity
5.44%
Distribution Yield (as of 06/18/2025)
5.13%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 06/18/2025
$0.27648
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2025 $0.05455 $12.71
Daily Daily 04/30/2025 $0.05551 $12.81
Daily Daily 03/31/2025 $0.05698 $12.88
Daily Daily 02/28/2025 $0.05428 $12.97
Daily Daily 01/31/2025 $0.05515 $12.76

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 06/30/2025
Daily Daily 07/31/2025
Daily Daily 08/31/2025
Daily Daily 09/30/2025
Daily Daily 10/31/2025
Daily Daily 11/30/2025
Daily Daily 12/31/2025

Yield

Yield

Dividend Yield as of 06/18/2025  

w/o sales charge 5.13%
w/ sales charge 5.02%

Distribution Yield as of 06/18/2025  

5.13%

30-Day Standardized Yield as of 05/31/2025  

  Subsidized Un-Subsidized
w/o sales charge 4.95% 4.95%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 06/18/2025

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $13.04
$100,000 to $249,999 1.75% 1.50% $12.98
$250,000 to $499,999 1.25% 1.00% $12.91
Greater than $500,000 0.00% 1.00% $12.75

Expense Ratioas of 05/31/2025

Fund Gross Expense Ratio 0.63%
Fund Net Expense Ratio 0.63%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Tailored Shareholder Report
Publish Date:11/03/2015
Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, effective 12/1/2021, 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 of the 18-month anniversary of the purchase. Fund shares purchased without a sales charge prior to 12/1/2021 may be assessed a CDSC of 1% if they 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 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. 

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