LSYAX | Short Duration High Yield Fund Class A | Lord Abbett

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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 05/26/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 7.75% 6.80%
w/ sales charge 7.57% 6.64%

30-Day Standardized Yield 2 as of 04/30/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 7.14% 7.11%

Average Yield to Worst as of 04/28/2023

8.04%

Fund Basicsas of 04/28/2023

Total Net Assets
$686.03 M
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.60%
Fund Net Expense Ratio
0.65%
Number of Holdings
654
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 3.53% 1.74% 5.46% - - 5.47%
Lipper Category Avg. Short High Yield Funds 3.34% 1.86% 4.76% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 3.85% 2.49% 5.41% - - 5.41%
w/ sales charge 1.19% -0.52% 4.66% - - 4.67%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 2.66% -1.18% - - - 5.32%
Lipper Category Avg. Short High Yield Funds 2.55% -0.46% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 3.02% -0.27% - - - 5.27%
w/ sales charge 0.34% -3.41% - - - 4.50%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

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

22 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

15 Years of Industry Experience

Karen  J. Gunnerson
Karen J. Gunnerson

Portfolio Manager

13 Years of Industry Experience

Supported By 79 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 05/26/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 7.75% 6.80%
w/ sales charge 7.57% 6.64%

30-Day Standardized Yield 2 as of 04/30/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 7.14% 7.11%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 3.53% 1.74% 5.46% - - 5.47%
Lipper Category Avg. Short High Yield Funds 3.34% 1.86% 4.76% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 3.85% 2.49% 5.41% - - 5.41%
w/ sales charge 1.19% -0.52% 4.66% - - 4.67%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 2.66% -1.18% - - - 5.32%
Lipper Category Avg. Short High Yield Funds 2.55% -0.46% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 3.02% -0.27% - - - 5.27%
w/ sales charge 0.34% -3.41% - - - 4.50%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

Year Fund Returns ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index
2022 -5.76% -5.39%
2021 5.53% 4.87%
2020 13.93% 3.85%
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.66% - - - -
2022 -2.10% -7.68% 0.48% 3.77% -5.76%
2021 1.94% 2.01% 0.71% 0.76% 5.53%
2020 - - 4.02% 5.36% 13.93%

Growth of $10,000 as of 03/31/2023

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

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

Credit Quality Distribution as of 04/28/2023

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

PORTFOLIO DETAILS as of 04/28/2023

Total Net Assets
$686.03 M
Number of Issues
654
Average Coupon
6.68%
Average Maturity
3.99 Years
Average Effective Duration
2.53 Years
Average Yield to Worst
8.04%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 05/26/2023
$0.24416
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 04/30/2023 $0.06120 $9.61
Daily Daily 03/31/2023 $0.06193 $9.59
Daily Daily 02/28/2023 $0.06145 $9.59
Daily Daily 01/31/2023 $0.05958 $9.74

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 05/31/2023
Daily Daily 06/30/2023
Daily Daily 07/31/2023
Daily Daily 08/31/2023
Daily Daily 09/30/2023
Daily Daily 10/31/2023
Daily Daily 11/30/2023
Daily Daily 12/31/2023

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

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 05/26/2023

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $9.70
$100,000 to $249,999 1.75% 1.50% $9.65
$250,000 to $499,999 1.25% 1.00% $9.60
$500,000 to $999,999 0.00% 1.00% $9.48
$1,000,000 to $5,000,000 0.00% 1.00% $9.48

Expense Ratioas of 04/30/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
1.60% 0.65%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
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Statutory Prospectus
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Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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