LUBVX | Ultra Short Bond Fund Class R5 | Lord Abbett

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Ultra Short Bond Fund

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Summary

Summary

What is the Ultra Short Bond Fund ?

The Fund seeks to deliver current income consistent with the preservation of capital by investing in a broad range of investment grade ultra-short fixed income and money market securities with a weighted average duration of less than one year.

 

Yield

7 Day Yield 1,4 as of 05/17/2022  

w/o sales charge 1.09%

30-Day Standardized Yield 2 as of 04/30/2022  

1.39%

Fund Basicsas of 03/31/2022

Total Net Assets
$15.44 B
Inception Date
10/17/2016
Dividend Frequency
Monthly
Fund Expense Ratio
0.28%
Number of Holdings
466

Fund Expense Ratio :

0.28%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge -0.86% -0.87% 0.73% 1.30% - 1.32%
Lipper Category Avg. Ultra-Short Obligations Funds -0.83% -0.88% 0.81% 1.22% - -
ICE BofA U.S. Treasury Bill Index -0.01% 0.01% 0.76% 1.13% - 1.06%

Fund Expense Ratio :

0.28%

Fund Expense Ratio :

0.28%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge -0.74% -0.70% 0.85% 1.37% - 1.36%
Lipper Category Avg. Ultra-Short Obligations Funds -0.69% -0.70% 0.95% 1.27% - -
ICE BofA U.S. Treasury Bill Index -0.02% 0.00% 0.82% 1.14% - 1.07%

Fund Expense Ratio :

0.28%

RELATED CONTENT

Podcast: Addressing a Core Issue for Fixed-Income Investors
October 26, 2021

In this podcast, investment strategist Joseph Graham discusses why investors may wish to rethink their current allocations to core bonds

Type Assets
Corp Fixed Rate
Corp Floating
ABS
CMBS
CLO
Commercial Paper
Bank Loans
MBS
U.S. Government Related
Sovereign
Cash
Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years

Credit Quality Distribution as of 03/31/2022 View Portfolio

Rating Assets
A-2/P-2
A-3/P-3
U.S. Treasury
AAA
AA
A
BBB
<BBB
Not Rated

INVESTMENT TEAM

Yoana N. Koleva
Yoana N. Koleva, CFA

Managing Director, Portfolio Manager

18 Years of Industry Experience

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

Partner & Portfolio Manager

23 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

27 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Managing Director, Portfolio Manager

13 Years of Industry Experience

Supported By 70 Investment Professionals with 16 Years Avg. Industry Experience

Your Representative

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Performance

Performance

NAV HISTORICAL PRICES

Date Net Asset Value
Year Fund Returns ICE BofA U.S. Treasury Bill Index
2021 0.06% 0.05%
2020 1.26% 0.74%
2019 2.99% 2.35%
2018 2.10% 1.88%
2017 1.60% 0.82%
2016 0.19% 0.37%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -0.74% - - - -1.01%
2021 0.02% 0.13% 0.04% -0.13% 0.06%
2020 -1.31% 2.18% 0.29% 0.13% 1.26%
2019 1.00% 0.78% 0.63% 0.56% 2.99%
2018 0.36% 0.67% 0.61% 0.44% 2.10%
2017 0.40% 0.44% 0.37% 0.39% 1.60%
2016 - - - - 0.19%

Portfolio

Portfolio

Type Assets
Corp Fixed Rate
Corp Floating
ABS
CMBS
CLO
Commercial Paper
Bank Loans
MBS
U.S. Government Related
Sovereign
Cash
Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years

CREDIT QUALITY DISTRIBUTION as of 03/31/2022

Rating Assets
A-2/P-2
A-3/P-3
U.S. Treasury
AAA
AA
A
BBB
<BBB
Not Rated

Portfolio Positioning as of 3/31/2022

  • Over the quarter, we increased the portfolio’s allocation to commercial paper. Commercial paper has become much more attractive in recent months as yields in the market have risen sharply relative to U.S. Treasury Bills. Higher yields in the commercial paper market have been driven by increased supply from overseas issuers who are finding the USD market attractive and reduced demand from money market funds.
  • We decreased the portfolio’s allocations to corporate fixed rate paper and high-quality ABS, as we favor the relative value of short-term commercial paper and corporate floaters in anticipation of future rate hikes.

Portfolio Details as of 03/31/2022

Total Net Assets
$15.44 B
Number of Issues
466
Average Coupon
1.72%
Average Life
1.32 Years
Average Effective Duration
0.65 Years

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

For
YTD Dividends Paidas of 05/17/2022
$0.023
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 04/30/2022 $0.00746 $9.88
Daily Daily 03/31/2022 $0.00594 $9.90
Daily Daily 02/28/2022 $0.00560 $9.95
Daily Daily 01/31/2022 $0.00467 $9.98

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 05/31/2022
Daily Daily 06/30/2022
Daily Daily 07/31/2022
Daily Daily 08/31/2022
Daily Daily 09/30/2022
Daily Daily 10/31/2022
Daily Daily 11/30/2022
Daily Daily 12/31/2022

CAPITAL GAINS DISTRIBUTIONS

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/14/2017 12/15/2017 - $0.0003 $0.0003 $10.01

Upcoming Capital Gain Distribution

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date
12/19/2022 12/20/2022

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 04/30/2022

0.28%

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
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

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