LAUFX | Income Fund Class F | Lord Abbett

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(as of 12/05/2015)

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Income Fund

Summary

Summary

What is the Income Fund?

The Fund seeks to deliver a high level of current income by investing primarily in a wide range of investment grade fixed income securities. 
 

FOCUS ON CORPORATE CREDIT

The investment team focuses on corporate bonds, diversified with select mortgage, high yield and non-U.S. securities to provide the opportunity for attractive total return.

BUILT ON INTENSIVE RESEARCH

The strategy employs quantitative and fundamental research to drive sector rotation and security selection.

IDENTIFY INCOME

The investment process identifies fixed-income sectors and securities with attractive valuations to provide the opportunity to deliver income.

 

Yield

Dividend Yield 1 as of 01/18/2022  

w/o sales charge 3.02%

30-Day Standardized Yield 2 as of 12/31/2021  

2.28%

Fund Basicsas of 12/31/2021

Total Net Assets
$3.20 B
Inception Date
09/28/2007
Dividend Frequency
Monthly
Fund Expense Ratio
0.66%
Number of Holdings
399

Fund Expense Ratio :

0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 1.75% 1.75% 7.51% 5.31% 5.23% 6.27%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -0.93% -0.93% 7.32% 4.96% 4.54% -
Bloomberg U.S. Credit Bond Index -1.08% -1.08% 7.17% 5.05% 4.45% 5.30%

Fund Expense Ratio :

0.66%

Fund Expense Ratio :

0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 1.75% 1.75% 7.51% 5.31% 5.23% 6.27%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -0.93% -0.93% 7.32% 4.96% 4.54% -
Bloomberg U.S. Credit Bond Index -1.08% -1.08% 7.17% 5.05% 4.45% 5.30%

Fund Expense Ratio :

0.66%

Type Assets
Investment Grade Corporate
High Yield Corporate
Bank Loans
U.S. Government Related
CLO
CMBS
ABS
MBS
Sovereign
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 12/31/2021 View Portfolio

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

INVESTMENT TEAM

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

Partner & Portfolio Manager

23 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

30 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

27 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

20 Years of Industry Experience

Yoana N. Koleva
Yoana N. Koleva, CFA

Managing Director, Portfolio Manager

18 Years of Industry Experience

Eric P. Kang
Eric P. Kang

Portfolio Manager

22 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 01/18/2022  

w/o sales charge 3.02%

30-Day Standardized Yield 2 as of 12/31/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.28% 2.28%

Fund Expense Ratio :

0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 1.75% 1.75% 7.51% 5.31% 5.23% 6.27%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -0.93% -0.93% 7.32% 4.96% 4.54% -
Bloomberg U.S. Credit Bond Index -1.08% -1.08% 7.17% 5.05% 4.45% 5.30%

Fund Expense Ratio :

0.66%

Fund Expense Ratio :

0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 1.75% 1.75% 7.51% 5.31% 5.23% 6.27%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -0.93% -0.93% 7.32% 4.96% 4.54% -
Bloomberg U.S. Credit Bond Index -1.08% -1.08% 7.17% 5.05% 4.45% 5.30%

Fund Expense Ratio :

0.66%

Year Fund Returns Bloomberg U.S. Credit Bond Index
2021 1.75% -1.08%
2020 8.05% 9.35%
2019 13.02% 13.80%
2018 -2.60% -2.11%
2017 7.03% 6.18%
2016 8.84% 5.63%
2015 -3.00% -0.77%
2014 7.32% 7.53%
2013 0.37% -2.01%
2012 13.00% 9.37%
2011 6.26% -
2010 10.94% -
2009 30.57% -
2008 -10.28% -
2007 6.86% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 - - - - -2.58%
2021 -2.52% 3.54% 0.44% 0.37% 1.75%
2020 -9.08% 11.04% 3.00% 3.91% 8.05%
2019 5.22% 3.57% 2.39% 1.29% 13.02%
2018 -1.47% -0.74% 0.70% -1.11% -2.60%
2017 2.36% 1.96% 1.62% 0.92% 7.03%
2016 3.09% 4.38% 2.77% -1.59% 8.84%
2015 1.85% -1.70% -2.07% -1.06% -3.00%
2014 3.74% 3.66% -0.51% 0.31% 7.32%
2013 1.23% -3.50% 0.59% 2.14% 0.37%
2012 4.16% 1.30% 4.72% 2.26% 13.00%
2011 2.06% 2.38% -0.42% 2.13% 6.26%
2010 3.40% 1.84% 5.42% -0.06% 10.94%
2009 2.72% 13.38% 9.63% 2.27% 30.57%
2008 0.82% 0.59% -6.36% -5.53% -10.28%
2007 1.21% -0.80% 2.80% 3.53% 6.86%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Investment Grade Corporate
High Yield Corporate
Bank Loans
U.S. Government Related
CLO
CMBS
ABS
MBS
Sovereign
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 12/31/2021

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

Portfolio Details as of 12/31/2021

Total Net Assets
$3.20 B
Number of Issues
399
Average Coupon
3.72%
Average Life
8.75 Years
Average Maturity
8.71 Years
Average Effective Duration
6.73 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 01/18/2022
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2021 $0.00719 $2.94
Daily Daily 11/30/2021 $0.00726 $2.99
Daily Daily 10/31/2021 $0.00744 $2.99
Daily Daily 09/30/2021 $0.00752 $3.00
Daily Daily 08/31/2021 $0.00773 $3.03
Daily Daily 07/31/2021 $0.00801 $3.04
Daily Daily 06/30/2021 $0.00773 $3.01
Daily Daily 05/31/2021 $0.00790 $2.97
Daily Daily 04/30/2021 $0.00791 $2.96
Daily Daily 03/31/2021 $0.00788 $2.93
Daily Daily 02/28/2021 $0.00786 $2.98
Daily Daily 01/31/2021 $0.00812 $3.02

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2022
Daily Daily 02/28/2022
Daily Daily 03/31/2022
Daily Daily 04/30/2022
Daily Daily 05/31/2022
Daily Daily 06/30/2022
Daily Daily 07/31/2022
Daily Daily 08/31/2022
Daily Daily 09/30/2022
Daily Daily 10/31/2022
Daily Daily 11/30/2022
Daily Daily 12/31/2022

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $0.0469 $0.0022 $0.0491 $2.94

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/19/2022 12/20/2022

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2021

0.66%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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Fact Sheet
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Fund Story
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The Bloomberg U.S. Credit Bond Index is the U.S. Credit component of the U.S. Government/Credit index. The index includes publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered. The index includes both corporate and non-corporate sectors. The corporate sectors are Industrial, Utility, and Finance, which include both U.S. and non-U.S. corporations. The non-corporate sectors are Sovereign, Supranational, Foreign Agency, and Foreign Local Government. All returns are market value-weighted inclusive of accrued interest.

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