LAUYX | Income Fund Class I | Lord Abbett

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Income Fund

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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

Average Yield to Maturity as of 01/31/2024

5.87%

30-Day Standardized Yield 1 as of 01/31/2024  

5.37%

Fund Basicsas of 01/31/2024

Total Net Assets
$4.17 B
Inception Date
10/19/2004
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.55%
Fund Net Expense Ratio
0.55%
Number of Holdings
454
Minimum Initial Investment

Fund Expense Ratio :

Gross 0.55%

Net 0.55%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge 0.04% 4.55% -2.15% 2.30% 2.97% 4.77%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -0.07% 3.47% -3.31% 1.80% 2.42% -
Bloomberg U.S. Credit Bond Index -0.18% 4.02% -2.88% 1.97% 2.64% 3.93%
w/ sales charge 0.04% 4.55% -2.15% 2.30% 2.97% 4.77%

Fund Expense Ratio :

Gross 0.55%

Net 0.55%

Fund Expense Ratio :

Gross 0.55%

Net 0.55%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge 8.87% 8.87% -2.19% 2.75% 3.12% 4.79%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 7.84% 7.84% -3.63% 2.25% 2.61% -
Bloomberg U.S. Credit Bond Index 8.18% 8.18% -3.21% 2.45% 2.83% 3.95%

Fund Expense Ratio :

Gross 0.55%

Net 0.55%

Type Assets
Investment Grade Corporate
High Yield Corporate
Bank Loans
CLO
U.S. Government Related
MBS
ABS
Sovereign
CMBS
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 01/31/2024 View Portfolio

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

INVESTMENT TEAM

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

Partner, Portfolio Manager

25 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

32 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner, Portfolio Manager

29 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 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 76 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 01/31/2024

5.87%

30-Day Standardized Yield 1 as of 01/31/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 5.37% 5.37%

Fund Expense Ratio :

Gross 0.55%

Net 0.55%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge 0.04% 4.55% -2.15% 2.30% 2.97% 4.77%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -0.07% 3.47% -3.31% 1.80% 2.42% -
Bloomberg U.S. Credit Bond Index -0.18% 4.02% -2.88% 1.97% 2.64% 3.93%
w/ sales charge 0.04% 4.55% -2.15% 2.30% 2.97% 4.77%

Fund Expense Ratio :

Gross 0.55%

Net 0.55%

Fund Expense Ratio :

Gross 0.55%

Net 0.55%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge 8.87% 8.87% -2.19% 2.75% 3.12% 4.79%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 7.84% 7.84% -3.63% 2.25% 2.61% -
Bloomberg U.S. Credit Bond Index 8.18% 8.18% -3.21% 2.45% 2.83% 3.95%

Fund Expense Ratio :

Gross 0.55%

Net 0.55%

Year Fund Returns Bloomberg U.S. Credit Bond Index
2023 8.87% 8.18%
2022 -15.60% -15.26%
2021 1.85% -1.08%
2020 8.16% 9.35%
2019 13.14% 13.80%
2018 -2.50% -2.11%
2017 7.14% 6.18%
2016 8.95% 5.63%
2015 -2.90% -0.77%
2014 7.43% 7.53%
2013 0.47% -
2012 12.72% -
2011 6.75% -
2010 11.47% -
2009 30.77% -
2008 -10.22% -
2007 6.96% -
2006 3.56% -
2005 2.61% -
2004 0.41% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2024 - - - - -1.28%
2023 4.18% -0.38% -2.87% 8.00% 8.87%
2022 -6.71% -7.56% -4.93% 2.94% -15.60%
2021 -2.50% 3.57% 0.46% 0.40% 1.85%
2020 -9.06% 11.07% 3.02% 3.93% 8.16%
2019 5.25% 3.59% 2.42% 1.31% 13.14%
2018 -1.44% -0.71% 0.72% -1.08% -2.50%
2017 2.38% 1.99% 1.65% 0.94% 7.14%
2016 3.12% 4.41% 2.80% -1.56% 8.95%
2015 1.87% -1.67% -2.04% -1.04% -2.90%
2014 3.77% 3.69% -0.14% -0.01% 7.43%
2013 1.25% -3.48% 0.97% 1.81% 0.47%
2012 3.83% 1.33% 4.74% 2.29% 12.72%
2011 2.08% 2.40% -0.38% 2.52% 6.75%
2010 3.81% 1.86% 5.45% -0.03% 11.47%
2009 3.21% 12.93% 9.69% 2.30% 30.77%
2008 1.24% 0.24% -5.97% -5.92% -10.22%
2007 1.24% -0.78% 3.22% 3.16% 6.96%
2006 -0.83% -0.05% 3.62% 0.84% 3.56%
2005 -0.13% 2.96% -0.88% 0.68% 2.61%
2004 - - - - 0.41%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Investment Grade Corporate
High Yield Corporate
Bank Loans
CLO
U.S. Government Related
MBS
ABS
Sovereign
CMBS
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 01/31/2024

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

Portfolio Details as of 01/31/2024

Total Net Assets
$4.17 B
Average Effective Duration
6.73 Years
Average Life
7.87 Years
Average Maturity
7.82 Years
Number of Issues
454
Average Yield to Maturity
5.87%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 02/20/2024
$0.01110
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 01/31/2024 $0.01110 $2.45

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 02/29/2024
Daily Daily 03/31/2024
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 $0.0469 $0.0022 $0.0491 $2.94

Fees & Expenses

Fees & Expenses

Expense Ratioas of 01/31/2024

Fund Gross Expense Ratio Fund Net Expense Ratio
0.55% 0.55%

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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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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