Image alt tag

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

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 04/02/2020  

w/o sales charge 3.27%

30-Day Standardized Yield 2 as of 02/29/2020  

2.32%

Fund Basicsas of 02/28/2020

Total Net Assets
$4.27 B
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Expense Ratio
0.37%
Number of Holdings
564

Fund Expense Ratio :

0.37%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -1.09% 4.02% 3.19% 2.61% 4.08% -
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 3.15% 8.93% 4.82% 3.36% 3.88% -

Fund Expense Ratio :

0.37%

Fund Expense Ratio :

0.37%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -1.09% 4.02% 3.19% 2.61% 4.08% -
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 3.15% 8.93% 4.82% 3.36% 3.88% -

Fund Expense Ratio :

0.37%

Type Assets
U.S. Government Related
MBS
Investment Grade Corporate
ABS
Sovereign
High Yield Corporate
CMBS
Bank Loans
Other
Cash
Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

Credit Quality Distribution as of 02/28/2020 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 & Director of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

29 Years of Industry Experience

Supported By 64 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 04/02/2020  

w/o sales charge 3.27%

30-Day Standardized Yield 2 as of 02/29/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.32% 2.32%

Fund Expense Ratio :

0.37%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -1.09% 4.02% 3.19% 2.61% 4.08% -
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 3.15% 8.93% 4.82% 3.36% 3.88% -

Fund Expense Ratio :

0.37%

Fund Expense Ratio :

0.37%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -1.09% 4.02% 3.19% 2.61% 4.08% -
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 3.15% 8.93% 4.82% 3.36% 3.88% -

Fund Expense Ratio :

0.37%

Year Fund Returns Bloomberg Barclays U.S. Aggregate Bond Index
2019 8.64% 8.72%
2018 -0.53% 0.01%
2017 4.06% 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% 6.54%
2009 16.22% -
2008 -0.84% -
2007 6.19% -
2006 4.76% -
2005 2.80% -
2004 4.70% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -1.09% - - - -1.17%
2019 3.30% 3.07% 1.73% 0.30% 8.64%
2018 -1.33% -0.27% 0.34% 0.76% -0.53%
2017 1.22% 1.51% 0.92% 0.35% 4.06%
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 -0.26% -0.15% 3.84% 1.30% 4.76%
2005 -0.16% 3.05% -0.59% 0.51% 2.80%
2004 - - - 1.19% 4.70%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
U.S. Government Related
MBS
Investment Grade Corporate
ABS
Sovereign
High Yield Corporate
CMBS
Bank Loans
Other
Cash
Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

Credit Quality Distribution as of 02/28/2020

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

Portfolio Positioning as of 12/31/2019

  • Over the quarter, we decreased the portfolio’s allocation to corporate credit – both investment-grade and high yield – given softer economic data and tighter spreads.
  • We reallocated proceeds from sales within corporate credit and increased the portfolio’s allocation to sectors in the fixed income market which we believe had better relative value in the face of corporate spread tightening– namely commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), and collateralized loan obligations (CLO).
  • Our team favors SASB (single-asset / single-borrower) CMBS deals across the credit spectrum, which have had strong underwriting and, in some cases, lower spread volatility, than conduit deals.
  • In addition, we continue to favor the liquidity that ABS provide, and have found unique pockets of relative value and appealing risk-adjusted spread, primarily in credit card and auto-related ABS.
  • We continue to emphasize liquidity and flexibility within the portfolio and are tactically adjusting risk exposure to favor asset classes that we believe offer the best risk-adjusted carry opportunities and that have lagged within the recent spread tightening.

Portfolio Details as of 02/28/2020

Total Net Assets
$4.27 B
Number of Issues
564
Average Coupon
3.15%
Average Life
7.34 Years
Average Effective Duration
5.81 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 04/02/2020
$0.077
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 03/31/2020 $0.02804 $10.29
Daily Daily 02/29/2020 $0.02487 $10.78
Daily Daily 01/31/2020 $0.02429 $10.67

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 04/30/2020
Daily Daily 05/31/2020
Daily Daily 06/30/2020
Daily Daily 07/31/2020
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/15/2016 12/16/2016 - $0.0324 $0.0324 $10.18

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/17/2020 12/18/2020

Fees & Expenses

Fees & Expenses

Expense Ratioas of 02/29/2020

0.37%

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
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

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
Quantity
Quantity
Remove
Remove

Class R6 - The inception date for Class R6 shares is June 30, 2015. The performance quotations for Class R6 are based on the following methods of calculation: (a) for periods prior to June 30, 2015, a restated figure is used based on the historical performance of the Fund’s portfolio since inception to reflect all charges and fees applicable to Class R6 shares; and (b) for periods after June 30, 2015, actual Class R6 performance is used, which reflects all charges and fees applicable to Class R6 shares.

Class R6 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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. 

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field