LTROX | Total Return Fund Class F3 | Lord Abbett
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Total Return Fund

Summary

Summary

What is the Total Return Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities, with select allocations to high yield and foreign debt securities.

 

EXPERIENCED INVESTMENT TEAM

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

DISCIPLINED, FLEXIBLE APPROACH

Utilizes a blend of fundamental research and quantitative analysis in seeking to add value through sector rotation, security selection, and rigorous risk management.

CONSISTENT, RISK-ADJUSTED RETURNS

Has offered a track record of generating above-average returns with below-average risk in a variety of market environments, versus its peers in the Morningstar Intermediate-Term Bond Category.

 

Yield

Dividend Yield 1 as of 10/21/2021  

w/o sales charge 2.39%

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

1.80%

Fund Basicsas of 09/30/2021

Total Net Assets
$4.16 B
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Expense Ratio
0.36%
Number of Holdings
485

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 0.06% 2.11% 5.62% 3.36% 3.82% -
Lipper Category Avg. Core Bond Funds -1.08% 0.35% 5.54% 3.15% 3.24% -
Bloomberg U.S. Aggregate Bond Index -1.55% -0.90% 5.36% 2.94% 3.01% -

Fund Expense Ratio :

0.36%

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 0.06% 2.11% 5.62% 3.36% 3.82% -
Lipper Category Avg. Core Bond Funds -1.08% 0.35% 5.54% 3.15% 3.24% -
Bloomberg U.S. Aggregate Bond Index -1.55% -0.90% 5.36% 2.94% 3.01% -

Fund Expense Ratio :

0.36%

Type Assets
U.S. Government Related
Investment Grade Corporate
High Yield Corporate
ABS
MBS
CMBS
CLO
Bank Loans
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

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

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

Partner & Portfolio Manager

22 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

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

19 Years of Industry Experience

Harris Trifon
Harris Trifon

Managing Director, Portfolio Manager

20 Years of Industry Experience

Supported By 60 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 10/21/2021  

w/o sales charge 2.39%

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

  Subsidized5 Un-Subsidized6
w/o sales charge 1.80% 1.80%

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 0.06% 2.11% 5.62% 3.36% 3.82% -
Lipper Category Avg. Core Bond Funds -1.08% 0.35% 5.54% 3.15% 3.24% -
Bloomberg U.S. Aggregate Bond Index -1.55% -0.90% 5.36% 2.94% 3.01% -

Fund Expense Ratio :

0.36%

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 0.06% 2.11% 5.62% 3.36% 3.82% -
Lipper Category Avg. Core Bond Funds -1.08% 0.35% 5.54% 3.15% 3.24% -
Bloomberg U.S. Aggregate Bond Index -1.55% -0.90% 5.36% 2.94% 3.01% -

Fund Expense Ratio :

0.36%

Year Fund Returns Bloomberg U.S. Aggregate Bond Index
2020 7.57% 7.51%
2019 8.75% 8.72%
2018 -0.63% 0.01%
2017 4.04% 3.54%
2016 4.38% 2.65%
2015 -0.40% 0.55%
2014 6.46% 5.97%
2013 -1.06% -2.02%
2012 8.07% 4.22%
2011 7.54% 7.84%
2010 8.06% -
2009 16.22% -
2008 -0.84% -
2007 6.19% -
2006 - -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -2.35% 2.35% 0.12% - -0.57%
2020 -1.19% 4.60% 2.00% 2.04% 7.57%
2019 3.40% 3.07% 1.64% 0.40% 8.75%
2018 -1.34% -0.37% 0.43% 0.66% -0.63%
2017 1.22% 1.40% 0.92% 0.44% 4.04%
2016 2.89% 2.70% 1.32% -2.50% 4.38%
2015 1.66% -1.41% 0.03% -0.66% -0.40%
2014 2.41% 2.58% 0.14% 1.19% 6.46%
2013 0.57% -2.73% 0.57% 0.55% -1.06%
2012 1.91% 2.02% 2.79% 1.12% 8.07%
2011 1.09% 2.17% 2.47% 1.62% 7.54%
2010 2.52% 2.93% 3.39% -0.96% 8.06%
2009 2.54% 5.75% 6.35% 0.78% 16.22%
2008 1.10% 0.08% -1.93% -0.07% -0.84%
2007 1.50% -0.62% 2.85% 2.36% 6.19%
2006 - - - 1.30% -

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
U.S. Government Related
Investment Grade Corporate
High Yield Corporate
ABS
MBS
CMBS
CLO
Bank Loans
Sovereign
Other
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 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 also added to the portfolio’s CMBS allocation. We continue to favor CMBS as a reopening-centric asset class and are finding attractive relative value in BBB-rated single-asset/single-borrower issues versus like-rated corporate bonds.
  • We decreased the portfolio’s risk exposure to both high yield and investment grade corporate bonds as we believe valuations on specific issues are full. Specifically, we sold risk exposure within the portfolio’s energy bond allocation.

Portfolio Details as of 09/30/2021

Total Net Assets
$4.16 B
Number of Issues
485
Average Coupon
2.6%
Average Life
6.19 Years
Average Maturity
6.17 Years
Average Effective Duration
5.94 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 10/21/2021
$0.185
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 09/30/2021 $0.02083 $10.56
Daily Daily 08/31/2021 $0.02110 $10.67
Daily Daily 07/31/2021 $0.02110 $10.69
Daily Daily 06/30/2021 $0.02227 $10.61
Daily Daily 05/31/2021 $0.02200 $10.54
Daily Daily 04/30/2021 $0.02037 $10.52
Daily Daily 03/31/2021 $0.02002 $10.43
Daily Daily 02/28/2021 $0.01968 $10.55
Daily Daily 01/31/2021 $0.01825 $10.69

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2020 12/18/2020 $0.1260 $0.1013 $0.2273 $10.71

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 09/30/2021

0.36%

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
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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
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015

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The Barclays U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. 

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