LDCAX | Short Duration Core Bond Fund Class A | Lord Abbett

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Short Duration Core Bond Fund

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Summary

Summary

What is the Short Duration Core Bond Fund ?

The Fund seeks to deliver current income consistent with the preservation of capital by investing in a wide variety of short duration investment grade debt securities including corporate debt securities, U.S. government and government-related securities, and mortgage-backed and other asset-backed securities.
 

EXPERIENCED, TENURED TEAM

Constructed through the collaboration among 50+ investment professionals with extensive experience managing, researching, and trading short-term debt securities. 

HIGH QUALITY, LOW DURATION

Seeks to generate attractive income by investing in a broad range of high-quality, short duration bonds, limiting credit risk and interest rate risk.

LOW EXPENSES

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

Yield

Average Yield to Maturity as of 04/30/2024

6.01%

30-Day Standardized Yield 1 as of 04/30/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 5.03% 4.92%

Fund Basicsas of 04/30/2024

Total Net Assets
$471.15 M
Inception Date
04/20/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.76%
Fund Net Expense Ratio
0.60%
Number of Holdings
566
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.76%

Net 0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge 0.66% 3.90% 0.67% 1.49% - 1.66%
Lipper Category Avg. Short Investment Grade Debt Funds 0.68% 4.31% 0.58% 1.63% - -
Bloomberg 1-3 Year US Government/Credit Bond Index 0.09% 2.80% 0.11% 1.24% - 1.34%
w/ sales charge -1.60% 1.56% -0.09% 1.03% - 1.33%

Fund Expense Ratio :

Gross 0.76%

Net 0.60%

Fund Expense Ratio :

Gross 0.76%

Net 0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge 0.91% 4.67% 0.83% 1.60% - 1.71%
Lipper Category Avg. Short Investment Grade Debt Funds 0.97% 5.12% 0.76% 1.75% - -
Bloomberg 1-3 Year US Government/Credit Bond Index 0.42% 3.49% 0.25% 1.36% - 1.40%
w/ sales charge -1.36% 2.32% 0.07% 1.13% - 1.38%

Fund Expense Ratio :

Gross 0.76%

Net 0.60%

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

CREDIT QUALITY DISTRIBUTION as of 04/30/2024 View Portfolio

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

INVESTMENT TEAM

Kewjin Yuoh
Kewjin Yuoh

Partner, Portfolio Manager

30 Years of Industry Experience

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

Partner, Portfolio Manager

26 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

16 Years of Industry Experience

Yoana N. Koleva
Yoana N. Koleva, CFA

Partner, Portfolio Manager

21 Years of Industry Experience

Ty J. Kern
Ty J. Kern

Portfolio Manager

12 Years of Industry Experience

Supported By 63 Investment Professionals with 14 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 04/30/2024

6.01%

30-Day Standardized Yield 1 as of 04/30/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 5.03% 4.92%

Fund Expense Ratio :

Gross 0.76%

Net 0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge 0.66% 3.90% 0.67% 1.49% - 1.66%
Lipper Category Avg. Short Investment Grade Debt Funds 0.68% 4.31% 0.58% 1.63% - -
Bloomberg 1-3 Year US Government/Credit Bond Index 0.09% 2.80% 0.11% 1.24% - 1.34%
w/ sales charge -1.60% 1.56% -0.09% 1.03% - 1.33%

Fund Expense Ratio :

Gross 0.76%

Net 0.60%

Fund Expense Ratio :

Gross 0.76%

Net 0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge 0.91% 4.67% 0.83% 1.60% - 1.71%
Lipper Category Avg. Short Investment Grade Debt Funds 0.97% 5.12% 0.76% 1.75% - -
Bloomberg 1-3 Year US Government/Credit Bond Index 0.42% 3.49% 0.25% 1.36% - 1.40%
w/ sales charge -1.36% 2.32% 0.07% 1.13% - 1.38%

Fund Expense Ratio :

Gross 0.76%

Net 0.60%

Year Fund Returns Bloomberg 1-3 Year US Government/Credit Bond Index
2023 5.54% 4.61%
2022 -3.78% -3.69%
2021 0.07% -0.47%
2020 2.54% 3.33%
2019 4.66% 4.03%
2018 1.50% 1.60%
Year Q1 Q2 Q3 Q4
2024 0.91% - - -
2023 1.75% -0.14% 1.01% 2.84%
2022 -2.40% -1.39% -1.18% 1.17%
2021 0.02% 0.29% 0.11% -0.35%
2020 -3.09% 4.06% 0.91% 0.77%
2019 1.68% 1.43% 0.82% 0.67%
2018 -0.12% 0.37% 0.52% 0.72%

GROWTH OF $10,000 as of 04/30/2024

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

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

CREDIT QUALITY DISTRIBUTION as of 04/30/2024

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

Portfolio Details as of 04/30/2024

Total Net Assets
$471.15 M
Average Effective Duration
1.82 Years
Average Life
1.97 Years
Number of Issues
566
Average Yield to Maturity
6.01%

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

For
YTD Dividends Paidas of 05/24/2024
$0.15060
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 04/30/2024 $0.03749 $9.09
Daily Daily 03/31/2024 $0.03863 $9.15
Daily Daily 02/29/2024 $0.03686 $9.14
Daily Daily 01/31/2024 $0.03762 $9.19

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 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

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 05/24/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $9.33
$100,000 to $249,999 1.75% 1.50% $9.28
$250,000 to $499,999 1.25% 1.00% $9.24
Greater than $500,000 0.00% 1.00% $9.12

EXPENSE RATIOas of 04/30/2024

Fund Gross Expense Ratio Fund Net Expense Ratio
0.76% 0.60%

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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