LSYQX | Short Duration High Yield Fund Class R3 | Lord Abbett

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(as of 12/05/2015)

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Short Duration High Yield Fund

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Summary

Summary

What is the Short Duration High Yield Fund?

The Fund’s investment objective is to seek a high current income and the opportunity for capital appreciation to produce a high total return.

 

Yield

Dividend Yield 1 as of 12/09/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.51% 5.56%

30-Day Standardized Yield 2 as of 11/30/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.70% 5.43%

Fund Basicsas of 10/31/2022

Total Net Assets
$52.75 M
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.90%
Fund Net Expense Ratio
0.95%
Number of Holdings
500

Fund Expense Ratio :

Gross 1.90%

Net 0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -5.67% -4.37% - - - 4.78%
Lipper Category Avg. Short High Yield Funds -4.36% -3.27% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index -4.95% -3.65% - - - 4.95%

Fund Expense Ratio :

Gross 1.90%

Net 0.95%

Fund Expense Ratio :

Gross 1.90%

Net 0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -9.38% -8.75% - - - 3.40%
Lipper Category Avg. Short High Yield Funds -7.23% -6.72% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index -8.83% -8.14% - - - 3.50%

Fund Expense Ratio :

Gross 1.90%

Net 0.95%

RELATED CONTENT

A Powerful Trend That Could Support U.S. High Yield in 2022
December 6, 2021

We expect a surge in “rising stars”—upgrades of U.S. debt issues from high yield to investment grade—over the next two years.

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

21 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

14 Years of Industry Experience

Karen  J. Gunnerson
Karen J. Gunnerson

Portfolio Manager

12 Years of Industry Experience

Supported By 71 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 12/09/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.51% 5.56%

30-Day Standardized Yield 2 as of 11/30/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.70% 5.43%

Fund Expense Ratio :

Gross 1.90%

Net 0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -5.67% -4.37% - - - 4.78%
Lipper Category Avg. Short High Yield Funds -4.36% -3.27% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index -4.95% -3.65% - - - 4.95%

Fund Expense Ratio :

Gross 1.90%

Net 0.95%

Fund Expense Ratio :

Gross 1.90%

Net 0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -9.38% -8.75% - - - 3.40%
Lipper Category Avg. Short High Yield Funds -7.23% -6.72% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index -8.83% -8.14% - - - 3.50%

Fund Expense Ratio :

Gross 1.90%

Net 0.95%

Year Fund Returns ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index
2021 5.24% 4.87%
2020 13.68% 3.85%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -2.17% -7.75% 0.41% - -5.52%
2021 1.87% 1.94% 0.64% 0.69% 5.24%
2020 - - 3.93% 5.27% 13.68%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Corporate
Investment Grade Corporate
Bank Loans
CLO
CMBS
Other
Cash
Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years

Credit Quality Distribution as of 10/31/2022

Rating Assets
AA
A
BBB
BB
B
CCC
<CCC
Not Rated

PORTFOLIO DETAILS as of 10/31/2022

Total Net Assets
$52.75 M
Number of Issues
500
Average Coupon
5.73%
Average Maturity
3.99 Years
Average Effective Duration
2.66 Years
Average Yield to Worst
8.31%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 12/09/2022
$0.531
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2022 $0.05211 $9.61
Daily Daily 10/31/2022 $0.04867 $9.50
Daily Daily 09/30/2022 $0.05179 $9.33
Daily Daily 08/31/2022 $0.05042 $9.66
Daily Daily 07/31/2022 $0.04999 $9.83
Daily Daily 06/30/2022 $0.04786 $9.44
Daily Daily 05/31/2022 $0.04808 $10.06
Daily Daily 04/30/2022 $0.04550 $10.12
Daily Daily 03/31/2022 $0.04707 $10.38
Daily Daily 02/28/2022 $0.04451 $10.45
Daily Daily 01/31/2022 $0.04534 $10.56

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
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 $0.0570 $0.0977 $0.1547 $10.70

Upcoming Capital Gain Distribution

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

Fees & Expenses

Fees & Expenses

Expense Ratioas of 11/30/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
1.90% 0.95%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
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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