LDLQX | Short Duration Income Fund Class R2 | Lord Abbett
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Short Duration Income Fund

Summary

Summary

What is the Short Duration Income Fund?

The Fund seeks to deliver a high level of current income consistent with the preservation of capital by investing in a variety of short maturity debt securities including, corporate bonds, U.S. government securities, and mortgage- and other asset-backed debt securities.
 

EXPERIENCED, TENURED TEAM

Managed through collaboration among 40+ investment professionals in portfolio management, credit research, and trading.

STRATEGIC, FLEXIBLE DESIGN

Pursues an agile, multi-sector approach designed to provide a higher yield than a typical short duration strategy, and a lower duration than a traditional core bond strategy.

STRONG PERFORMANCE

Has offered a track record of solid performance in many market environments. 

 

Yield

Dividend Yield 1 as of 10/20/2021  

w/o sales charge 1.78%

30-Day Standardized Yield 2 as of 09/30/2021  

0.50%

Fund Basicsas of 09/30/2021

Total Net Assets
$62.89 B
Inception Date
07/21/2009
Dividend Frequency
Monthly
Fund Expense Ratio
0.99%
Number of Holdings
1487

Fund Expense Ratio :

0.99%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/21/2009
w/o sales charge 1.01% 2.53% 2.89% 2.23% 2.50% 3.00%
Lipper Category Avg. Short Investment Grade Debt Funds 0.59% 1.76% 2.97% 2.20% 1.92% -
ICE BofA 1-3 Year U.S. Corporate Index 0.54% 1.28% 3.63% 2.67% 2.50% 2.92%

Fund Expense Ratio :

0.99%

Fund Expense Ratio :

0.99%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/21/2009
w/o sales charge 1.01% 2.53% 2.89% 2.23% 2.50% 3.00%
Lipper Category Avg. Short Investment Grade Debt Funds 0.59% 1.76% 2.97% 2.20% 1.92% -
ICE BofA 1-3 Year U.S. Corporate Index 0.54% 1.28% 3.63% 2.67% 2.50% 2.92%

Fund Expense Ratio :

0.99%

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Type Assets
Investment Grade Corporate
CMBS
ABS
High Yield Corporate
U.S. Government Related
Bank Loans
CLO
MBS
Sovereign
Other
Cash
Maturity 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 09/30/2021 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

22 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

Harris Trifon
Harris Trifon

Managing Director, Portfolio Manager

20 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 10/20/2021  

w/o sales charge 1.78%

30-Day Standardized Yield 2 as of 09/30/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 0.50% 0.50%

Fund Expense Ratio :

0.99%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/21/2009
w/o sales charge 1.01% 2.53% 2.89% 2.23% 2.50% 3.00%
Lipper Category Avg. Short Investment Grade Debt Funds 0.59% 1.76% 2.97% 2.20% 1.92% -
ICE BofA 1-3 Year U.S. Corporate Index 0.54% 1.28% 3.63% 2.67% 2.50% 2.92%

Fund Expense Ratio :

0.99%

Fund Expense Ratio :

0.99%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/21/2009
w/o sales charge 1.01% 2.53% 2.89% 2.23% 2.50% 3.00%
Lipper Category Avg. Short Investment Grade Debt Funds 0.59% 1.76% 2.97% 2.20% 1.92% -
ICE BofA 1-3 Year U.S. Corporate Index 0.54% 1.28% 3.63% 2.67% 2.50% 2.92%

Fund Expense Ratio :

0.99%

Year Fund Returns ICE BofA 1-3 Year U.S. Corporate Index
2020 2.54% 4.16%
2019 5.01% 5.43%
2018 0.83% 1.62%
2017 1.89% 1.91%
2016 3.60% 2.39%
2015 0.04% 1.01%
2014 1.33% 1.19%
2013 1.23% 1.78%
2012 5.99% 4.49%
2011 2.97% 1.76%
2010 5.95% -
2009 16.51% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 0.52% 0.50% -0.01% - 0.86%
2020 -5.28% 5.52% 1.07% 1.50% 2.54%
2019 2.08% 1.56% 0.80% 0.49% 5.01%
2018 -0.13% 0.17% 0.64% 0.15% 0.83%
2017 0.62% 0.59% 0.58% 0.08% 1.89%
2016 1.15% 1.59% 0.88% -0.06% 3.60%
2015 0.87% 0.42% -0.49% -0.75% 0.04%
2014 0.81% 1.05% -0.25% -0.27% 1.33%
2013 0.81% -1.13% 0.85% 0.71% 1.23%
2012 2.10% 0.70% 1.98% 1.09% 5.99%
2011 0.98% 0.99% -0.72% 1.71% 2.97%
2010 2.13% 1.20% 2.28% 0.23% 5.95%
2009 - 5.46% 4.68% 1.50% 16.51%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Investment Grade Corporate
CMBS
ABS
High Yield Corporate
U.S. Government Related
Bank Loans
CLO
MBS
Sovereign
Other
Cash
Maturity 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 09/30/2021

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

Portfolio Positioning as of 6/30/2021

  • Over the quarter, we added risk exposure to the portfolio’s bank loan and collateralized loan obligation (CLO) allocations. A reflationary environment, rising rates, and strong flows into each asset class all are strong tailwinds for bank loans and CLOs. Specifically, we found attractive relative value in investment grade bank loans versus investment grade corporate bonds and found attractive risk-adjusted carry in high quality CLOs.
  • We continued to decrease the portfolio’s allocation to investment grade corporate bonds as we believe valuations on specific issues are full.

Portfolio Details as of 09/30/2021

Total Net Assets
$62.89 B
Number of Issues
1487
Average Coupon
2.55%
Average Life
2.21 Years
Average Maturity
2.22 Years
Average Effective Duration
1.61 Years