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Lord Abbett Short Duration Income R3 LDLRX

Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 3.85  /  0.01 %
  • Total Assets 42.9 Bil
  • Adj. Expense Ratio
    0.880%
  • Expense Ratio 0.880%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment
  • Status Open
  • TTM Yield 4.26%
  • Effective Duration 1.64 years

Morningstar’s Analysis LDLRX

Will LDLRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

This aggressive short-term bond fund has recently cut back on credit risk.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

Lord Abbett Short Duration Income has a seasoned leadership crew and sizable credit research team, but its structurally aggressive approach can sting unsuspecting investors seeking a safe short-term bond allocation. Its cheaper share classes earn a Morningstar Analyst Rating of Neutral, while the remaining share class’ higher price tag warrants a Negative rating.

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Portfolio Holdings LDLRX

  • Current Portfolio Date
  • Equity Holdings 6
  • Bond Holdings 1061
  • Other Holdings 27
  • % Assets in Top 10 Holdings 6.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 5%

1.35
571,533,038
Government

United States Treasury Notes 4.13%

1.26
536,133,701
Government

United States Treasury Notes 0.25%

0.76
322,420,559
Government

Citigroup Inc. 3.11%

0.60
253,796,048
Corporate

United States Treasury Notes 4.88%

0.59
248,365,639
Government

Invitation Homes Operating Partnership Lp

0.58
247,086,020
Corporate

Intesa Sanpaolo S.p.A. 5.02%

0.50
213,026,333
Corporate

General Motors Financial Company Inc 5.1%

0.46
196,643,879
Cash and Equivalents

HCA Inc. 5.25%

0.45
191,798,994
Corporate

Manufacturers & Traders Trust Co. 4.65%

0.45
189,100,436
Corporate