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Lord Abbett High Yield C (LHYCX)

6.20 0.00 (0.00%)
At close: 8:01 PM EDT

Fund Summary

The fund normally 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, including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock. It may invest up to 20% of its net assets in foreign securities (including emerging market securities and American Depository Receipts ("ADRs")). The fund may invest up to 20% of its net assets in municipal securities.

Lord Abbett High Yield C

Jersey City, NJ 7302
90 Hudson Street

Fund Overview

Category High Yield Bond
Fund Family Lord Abbett
Net Assets 3.79B
YTD Return 1.73%
Yield 6.02%
Morningstar Rating
Inception Date Sep 28, 2007

Fund Operations

Last Dividend 0.10
Last Cap Gain -23.00
Holdings Turnover 84.00%
Average for Category --

Fees & Expenses

Expense LHYCX Category Average
Annual Report Expense Ratio (net) 1.32% 0.95%
Prospectus Net Expense Ratio 1.32% --
Prospectus Gross Expense Ratio 1.32% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.88%
Max Deferred Sales Load -- 1.28%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Robert A. Lee, Lead Manager since October 15, 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

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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.

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