Short Duration Income Fund
Daily price w/o sales charge as of 02/01/2023
$3.88
$0.01
YTD Returns w/o sales charge as of 02/01/2023
1.40%
Overall Morningstar RatingsShort-Term Bond
as of 12/31/2022
Morningstar rated the Lord Abbett Short Duration Income Fund class A share 3, 3 and 4 stars among 539, 479 and 348 Short-Term Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 12/31/2022, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Dividend Yield 1 as of 02/01/2023
| w/o sales charge | 4.10% |
| w/ sales charge | 4.01% |
30-Day Standardized Yield 2 as of 12/31/2022 |
4.45% |
Average Yield to Worst as of 12/30/2022 |
6.18% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.
Expense Ratioas of 12/31/2022
Fund Basicsas of 12/30/2022
- Total Net Assets
- $49.08 B
- Inception Date
- 11/04/1993
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 1137
- Minimum Initial Investment
- $1,500+
The Fund changed its investment strategy on 12/14/2007.
Fund Expense Ratio :
0.58%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 11/04/1993 |
|---|
| w/o sales charge | 1.13% | -2.93% | -0.15% | 1.40% | 1.66% | 3.70% |
| Lipper Category Avg. Short Investment Grade Debt Funds | - | - | - | - | - | - |
| ICE BofA 1-3 Year U.S. Corporate Index | 1.05% | -2.26% | 0.15% | 1.63% | 1.60% | 4.05% |
| w/ sales charge | -1.19% | -5.00% | -0.93% | 0.93% | 1.42% | 3.62% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
0.58%
Fund Expense Ratio :
0.58%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 11/04/1993 |
|---|
| w/o sales charge | -4.75% | -4.75% | -0.28% | 1.14% | 1.57% | 3.67% |
| Lipper Category Avg. Short Investment Grade Debt Funds | -4.31% | -4.31% | -0.24% | 0.94% | 0.99% | - |
| ICE BofA 1-3 Year U.S. Corporate Index | -4.00% | -4.00% | 0.00% | 1.39% | 1.52% | 4.02% |
| w/ sales charge | -6.99% | -6.99% | -1.06% | 0.67% | 1.34% | 3.59% |
Fund Expense Ratio :
0.58%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
| Type | Assets |
|---|---|
| Investment Grade Corporate | |
| CMBS | |
| ABS | |
| U.S. Government Related | |
| CLO | |
| High Yield Corporate | |
| Bank Loans | |
| MBS | |
| Sovereign | |
| Other | |
| Cash |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
| Maturity | Assets |
|---|---|
| Less than 1 year | |
| 1-3 years | |
| 3-5 years | |
| 5-7 years | |
| 7-10 years |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
Credit Quality Distribution as of 12/30/2022 View Portfolio
| Rating | Assets |
|---|---|
| U.S. Treasury | |
| Agency | |
| AAA | |
| AA | |
| A | |
| BBB | |
| <BBB | |
| Not Rated |
Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.
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Performance
Performance
Dividend Yield 1 as of 02/01/2023
| w/o sales charge | 4.10% |
| w/ sales charge | 4.01% |
30-Day Standardized Yield 2 as of 12/31/2022
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.45% | 4.45% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
0.58%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 11/04/1993 |
|---|
| w/o sales charge | 1.13% | -2.93% | -0.15% | 1.40% | 1.66% | 3.70% |
| Lipper Category Avg. Short Investment Grade Debt Funds | - | - | - | - | - | - |
| ICE BofA 1-3 Year U.S. Corporate Index | 1.05% | -2.26% | 0.15% | 1.63% | 1.60% | 4.05% |
| w/ sales charge | -1.19% | -5.00% | -0.93% | 0.93% | 1.42% | 3.62% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
0.58%
Fund Expense Ratio :
0.58%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 11/04/1993 |
|---|
| w/o sales charge | -4.75% | -4.75% | -0.28% | 1.14% | 1.57% | 3.67% |
| Lipper Category Avg. Short Investment Grade Debt Funds | -4.31% | -4.31% | -0.24% | 0.94% | 0.99% | - |
| ICE BofA 1-3 Year U.S. Corporate Index | -4.00% | -4.00% | 0.00% | 1.39% | 1.52% | 4.02% |
| w/ sales charge | -6.99% | -6.99% | -1.06% | 0.67% | 1.34% | 3.59% |
Fund Expense Ratio :
0.58%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
| Year | Fund Returns | ICE BofA 1-3 Year U.S. Corporate Index |
|---|
| 2022 | -4.75% | -4.00% |
| 2021 | 1.13% | -0.01% |
| 2020 | 2.95% | 4.16% |
| 2019 | 5.42% | 5.43% |
| 2018 | 1.23% | 1.62% |
| 2017 | 2.29% | 1.91% |
| 2016 | 4.01% | 2.39% |
| 2015 | 0.43% | 1.01% |
| 2014 | 1.73% | 1.19% |
| 2013 | 1.62% | 1.78% |
| 2012 | 6.64% | - |
| 2011 | 3.16% | - |
| 2010 | 6.38% | - |
| 2009 | 16.97% | - |
| 2008 | -1.09% | - |
| 2007 | 5.89% | - |
| 2006 | 3.54% | - |
| 2005 | 0.92% | - |
| 2004 | 1.18% | - |
| 2003 | 1.79% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2023 | - | - | - | - | 1.40% |
| 2022 | -2.78% | -1.80% | -1.47% | 1.25% | -4.75% |
| 2021 | 0.38% | 0.84% | 0.09% | -0.17% | 1.13% |
| 2020 | -5.42% | 5.89% | 1.17% | 1.60% | 2.95% |
| 2019 | 2.17% | 1.66% | 0.66% | 0.83% | 5.42% |
| 2018 | -0.03% | 0.26% | 0.74% | 0.25% | 1.23% |
| 2017 | 0.72% | 0.69% | 0.68% | 0.18% | 2.29% |
| 2016 | 1.24% | 1.69% | 0.98% | 0.04% | 4.01% |
| 2015 | 0.97% | 0.52% | -0.40% | -0.65% | 0.43% |
| 2014 | 0.91% | 1.15% | -0.15% | -0.17% | 1.73% |
| 2013 | 0.69% | -0.82% | 0.95% | 0.81% | 1.62% |
| 2012 | 2.43% | 0.79% | 2.08% | 1.19% | 6.64% |
| 2011 | 1.08% | 1.09% | -0.84% | 1.81% | 3.16% |
| 2010 | 2.24% | 1.08% | 2.60% | 0.33% | 6.38% |
| 2009 | 4.07% | 5.55% | 4.90% | 1.51% | 16.97% |
| 2008 | 1.13% | 0.93% | -1.59% | -1.53% | -1.09% |
| 2007 | 1.48% | 0.09% | 2.00% | 2.21% | 5.89% |
| 2006 | 0.28% | 0.27% | 2.19% | 0.76% | 3.54% |
| 2005 | -0.47% | 1.37% | -0.24% | 0.27% | 0.92% |
| 2004 | 1.43% | -2.02% | 1.66% | 0.15% | 1.18% |
| 2003 | 0.83% | 1.04% | -0.31% | 0.23% | 1.79% |
| 2002 | 0.39% | 2.64% | 3.25% | 1.13% | 7.60% |
| 2001 | 2.35% | 0.94% | 3.51% | -0.39% | 6.54% |
| 2000 | 1.63% | 2.09% | 2.48% | 2.67% | 9.18% |
| 1999 | 0.89% | 0.45% | 0.97% | 0.50% | 2.81% |
| 1998 | 1.15% | 1.60% | 3.44% | 0.25% | 6.56% |
| 1997 | 0.03% | 2.40% | 2.40% | 1.92% | 6.90% |
| 1996 | -1.22% | -0.43% | 1.01% | 1.96% | 1.30% |
| 1995 | 3.33% | 2.82% | 1.24% | 2.37% | 10.11% |
| 1994 | -2.85% | -1.16% | 0.40% | 0.10% | -3.48% |
| 1993 | - | - | - | - | 0.47% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 07/31/2021
The chart begins on the Fund's inception date of 11/04/1993.
Based on a hypothetical Class A share investment of $10,000 on 11/04/1993 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Type | Assets |
|---|---|
| Investment Grade Corporate | |
| CMBS | |
| ABS | |
| U.S. Government Related | |
| CLO | |
| High Yield Corporate | |
| Bank Loans | |
| MBS | |
| Sovereign | |
| Other | |
| Cash |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
| Maturity | Assets |
|---|---|
| Less than 1 year | |
| 1-3 years | |
| 3-5 years | |
| 5-7 years | |
| 7-10 years |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
Credit Quality Distribution as of 12/30/2022
| Rating | Assets |
|---|---|
| U.S. Treasury | |
| Agency | |
| AAA | |
| AA | |
| A | |
| BBB | |
| <BBB | |
| Not Rated |
Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.
Portfolio Details as of 12/30/2022
- Total Net Assets
- $49.08 B
- Number of Issues
- 1137
- Average Coupon
- 4.02%
- Average Life
- 2.05 Years
- Average Maturity
- 2.06 Years
- Average Effective Duration
- 1.82 Years
- Average Yield to Worst
- 6.18%
To view definitions for the above Portfolio Details, Click here.
Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.
Average Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security. Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.
Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.
Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.
| Holding | Coupon | Maturity | Assets |
|---|
| United States Treasury Note/Bond | 4.250% | 12/31/2024 | 1.4% |
| United States Treasury Note/Bond | 4.500% | 11/30/2024 | 1.3% |
| United States Treasury Note/Bond | 4.375% | 10/31/2024 | 1.3% |
| United States Treasury Bill | 0.000% | 02/21/2023 | 1.1% |
| United States Treasury Bill | 0.000% | 01/24/2023 | 1.1% |
| United States Treasury Note/Bond | 4.000% | 12/15/2025 | 0.9% |
| United States Treasury Bill | 0.000% | 04/11/2023 | 0.8% |
| Japan Treasury Discount Bill | 0.000% | 01/11/2023 | 0.6% |
| Japan Treasury Discount Bill | 0.000% | 01/25/2023 | 0.5% |
| Comcast Hulu Holdings LLC | 5.259% | 03/15/2024 | 0.5% |