Nasdaq - Delayed Quote USD

Lord Abbett Bond-Debenture A (LBNDX)

6.99 -0.02 (-0.29%)
At close: 8:01 PM EDT

Fund Summary

To pursue its objective, under normal conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds, debentures and other fixed income securities. It may invest a substantial portion of its net assets in high-yield securities (commonly referred to as "below investment grade" or "junk" bonds). The fund may invest up to 20% of its net assets in equity securities, including common stocks, preferred stocks, convertible preferred stocks, and similar instruments.

Lord Abbett Bond-Debenture A

Jersey City, NJ 7302
90 Hudson Street

Fund Overview

Category Multisector Bond
Fund Family Lord Abbett
Net Assets 20.97B
YTD Return 2.02%
Yield 5.32%
Morningstar Rating
Inception Date Jul 15, 1996

Fund Operations

Last Dividend 0.10
Last Cap Gain -14.00
Holdings Turnover 263.00%
Average for Category --

Fees & Expenses

Expense LBNDX Category Average
Annual Report Expense Ratio (net) 1.42% 0.97%
Prospectus Net Expense Ratio 1.42% --
Prospectus Gross Expense Ratio 1.42% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.78%
Max Deferred Sales Load -- 1.15%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Robert A. Lee, Lead Manager since December 31, 2013
Robert A. Lee is a Partner and Chief Investment Officer at the Lord Abbett & Company. Mr. Lee joined Lord Abbett in 1997 and was named Partner in 2002. His prior experience includes: Portfolio Manager and Vice President at ARM Capital Advisors; Assistant Portfolio Manager and Assistant Vice President at Kidder Peabody Asset Management; and Fixed Income Research Analyst at The First Boston Corporation. Mr. Lee received a BS from the University of Pennsylvania. He has been in the investment business since 1991.

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. MORNING_STAR_STYLE_BOX

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Related Tickers