LBCAX | Corporate Bond Fund Class A | Lord Abbett

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Corporate Bond Fund

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Summary

Summary

What is the Corporate Bond Fund ?

The Fund seeks to deliver a high level of current income by investing primarily in investment grade corporate debt securities.

EXPERIENCED, TENURED TEAM

Constructed through the collaboration among 50+ investment professionals with extensive experience managing, researching, and trading corporate debt. 

HIGH QUALITY, CORPORATE FOCUS

Invested primarily in corporate debt securities rated investment grade, limiting credit risk.

LOW EXPENSES

Offers lower expenses relative to its Lipper and Morningstar peer group category average.

Yield

Average Yield to Maturity as of 02/29/2024

5.63%

30-Day Standardized Yield 1 as of 02/29/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.70% 0.00%

Fund Basicsas of 02/29/2024

Total Net Assets
$9.35 M
Inception Date
04/20/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
3.85%
Fund Net Expense Ratio
0.68%
Number of Holdings
230
Minimum Initial Investment
$1,500+
Type Assets
Investment Grade Corporate
U.S. Government Related
High Yield Corporate
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 02/29/2024 View Portfolio

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

INVESTMENT TEAM

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

Partner, Portfolio Manager

25 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner, Portfolio Manager

29 Years of Industry Experience

Yoana N. Koleva
Yoana N. Koleva, CFA

Partner, Portfolio Manager

20 Years of Industry Experience

Eric P. Kang
Eric P. Kang

Partner, Portfolio Manager

24 Years of Industry Experience

Supported By 82 Investment Professionals with 17 Years Avg. Industry Experience

Your Representative

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Performance

Performance

Average Yield to Maturity as of 02/29/2024

5.63%

30-Day Standardized Yield 1 as of 02/29/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.70% 0.00%

Fund Expense Ratio :

Gross 3.85%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge -1.13% 5.56% -3.04% 1.56% - 1.57%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -1.43% 5.18% -3.20% 1.47% - -
Bloomberg US Corp Investment Grade Index -1.67% 5.97% -2.85% 1.77% - 1.83%
w/ sales charge -3.30% 3.18% -3.78% 1.10% - 1.23%

Fund Expense Ratio :

Gross 3.85%

Net 0.68%

Fund Expense Ratio :

Gross 3.85%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge 8.02% 8.02% -3.34% 2.21% - 1.78%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 7.84% 7.84% -3.63% 2.25% - -
Bloomberg US Corp Investment Grade Index 8.52% 8.52% -3.29% 2.63% - 2.13%
w/ sales charge 5.57% 5.57% -4.08% 1.74% - 1.43%

Fund Expense Ratio :

Gross 3.85%

Net 0.68%

Year Fund Returns Bloomberg US Corp Investment Grade Index
2023 8.02% 8.52%
2022 -16.42% -15.76%
2021 0.04% -1.04%
2020 9.37% 9.89%
2019 12.95% 14.54%
2018 -2.94% -2.51%
2017 3.93% 6.42%
Year Q1 Q2 Q3 Q4
2024 - - - -
2023 3.50% -0.61% -2.89% 8.14%
2022 -7.47% -7.68% -5.07% 3.06%
2021 -3.96% 3.73% 0.25% 0.16%
2020 -6.23% 10.22% 2.14% 3.61%
2019 4.57% 3.99% 2.74% 1.09%
2018 -2.00% -1.22% 0.75% -0.48%
2017 - - 1.40% 1.35%

GROWTH OF $10,000 as of 02/29/2024

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Investment Grade Corporate
U.S. Government Related
High Yield Corporate
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 02/29/2024

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

Portfolio Details as of 02/29/2024

Total Net Assets
$9.35 M
Average Effective Duration
6.77 Years
Average Life
9.16 Years
Number of Issues
230
Average Yield to Maturity
5.63%

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

For
YTD Dividends Paidas of 03/18/2024
$0.06505
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 02/29/2024 $0.03210 $8.30
Daily Daily 01/31/2024 $0.03295 $8.43

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 03/19/2024
Daily Daily 04/30/2024
Daily Daily 05/31/2024
Daily Daily 06/30/2024
Daily Daily 07/31/2024
Daily Daily 08/31/2024
Daily Daily 09/30/2024
Daily Daily 10/31/2024
Daily Daily 11/30/2024
Daily Daily 12/31/2024

CAPITAL GAINS DISTRIBUTIONS

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $0.1839 - $0.1839 $10.20

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 03/18/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $8.49
$100,000 to $249,999 1.75% 1.50% $8.45
$250,000 to $499,999 1.25% 1.00% $8.41
Greater than $500,000 0.00% 1.00% $8.30

EXPENSE RATIOas of 02/29/2024

Fund Gross Expense Ratio Fund Net Expense Ratio
3.85% 0.68%

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 Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015

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