Lord Abbett High Yield A (LHYAX)
8.14
0.01(0.12%) May 24
| Prev Close: | 8.15 |
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| YTD Return*: | 3.97% |
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| Net Assets*: | 2.48B |
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| Yield*: | 6.61% |
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* As of 31-Mar-13
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Quotes delayed, except where indicated otherwise. Currency in USD.
Reports
- No Reports available for LHYAX at this time.
Top Holdings
| Symbol | % Assets | YTD Return % |
|---|
| Alliance Data Sys 144A 6.375% | 0.88 | N/A |
| Intelsat Bermuda 11.5% | 0.69 | N/A |
| Sprint Nextel 144A 9% | 0.65 | N/A |
| Meg Engy 144A 6.5% | 0.65 | N/A |
| Lbg Cap 1 8% | 0.61 | N/A |
Fund Basics
| Morningstar Overall Rating: | |
| Total Assets: | 2.48B |
| Category: | High Yield Bond |
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| Annual Report Expense Ratio (net): | 0.96% |
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Performance & Risk
| YTD Return: | 3.97% |
| 5y Avg Return: | 11.25% |
| Rank in Category (ytd): | 11 |
| % Rank in Category (ytd): | 1.63% |
| Beta (3y): | -0.43 |
| Morningstar Risk Rating: | 3 |
Fund Summary
The investment seeks a high current income and the opportunity for capital appreciation to produce a high total return.
The fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rated debt securities (commonly referred to as "high yield" or "junk" bonds), including corporate debt securities and convertible securities. It may invest up to 20% of its net assets in foreign (including emerging market) securities that primarily are traded outside of the U.S. In addition, the fund may invest up to 20% of its net assets in municipal securities.
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