LOPLX: Lord Abbett Core Plus Bond F3

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LOPLX Lord Abbett Core Plus Bond F3


Profile

LOPLX - Profile

Vitals

  • YTD Return -0.9%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return N/A
  • Net Assets $253 M
  • Holdings in Top 10 14.0%

52 WEEK LOW AND HIGH

$15.16
$14.05
$15.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -0.9%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.11%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett Core Plus Bond Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Apr 04, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew O'Brien

Fund Description

Under normal conditions, 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 a variety of fixed income securities. It will invest in investment grade debt securities, but also may invest up to 35% of its net assets in high-yield debt securities. High-yield debt securities are debt securities that are rated BB/Ba or lower by an independent rating agency, or are unrated but determined by Lord, Abbett & Co. LLC to be of comparable quality.


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Categories

Performance

LOPLX - Performance

Return Ranking - Trailing

Period LOPLX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -36.4% 947.9% 74.22%
1 Yr 0.9% -35.2% 970.2% 57.80%
3 Yr -0.1%* -10.2% 120.4% 76.59%
5 Yr N/A* -5.2% 60.2% N/A
10 Yr N/A* -5.0% 3.6% N/A

* Annualized

Return Ranking - Calendar

Period LOPLX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -1.7% 18.3% 22.48%
2018 -4.6% -12.4% 0.8% 87.56%
2017 N/A -6.0% 20.3% N/A
2016 N/A -7.8% 8.6% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period LOPLX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -36.4% 947.9% 74.22%
1 Yr 0.9% -35.2% 970.2% 57.77%
3 Yr -0.1%* -7.3% 120.4% 78.62%
5 Yr N/A* -5.2% 60.2% N/A
10 Yr N/A* -5.0% 6.9% N/A

* Annualized

Total Return Ranking - Calendar

Period LOPLX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -1.7% 18.3% 23.49%
2018 -4.6% -11.7% 3.1% 90.07%
2017 N/A -6.0% 27.0% N/A
2016 N/A -7.8% 10.7% N/A
2015 N/A -14.2% 4.2% N/A

NAV & Total Return History


Holdings

LOPLX - Holdings

Concentration Analysis

LOPLX Category Low Category High LOPLX % Rank
Net Assets 253 M 634 K 264 B 67.89%
Number of Holdings 668 1 17920 25.50%
Net Assets in Top 10 32.3 M -587 M 20.8 B 76.86%
Weighting of Top 10 13.99% 2.3% 100.0% 74.06%

Top 10 Holdings

  1. United States Treasury Notes 0.5% 2.33%
  2. United States Treasury Notes 0.63% 2.18%
  3. United States Treasury Bonds 2% 1.74%
  4. United States Treasury Bonds 3.63% 1.73%
  5. Federal National Mortgage Association 3.5% 1.46%
  6. Federal National Mortgage Association 3.5% 1.21%
  7. UBS AG 5.13% 0.90%
  8. Bank of America Corporation 3.59% 0.87%
  9. Federal National Mortgage Association 3.5% 0.79%
  10. Fnma Pass-Thru I 3.5% 0.78%

Asset Allocation

Weighting Return Low Return High LOPLX % Rank
Bonds
91.24% 71.08% 157.69% 85.87%
Cash
7.91% -57.68% 27.48% 13.53%
Convertible Bonds
0.85% 0.00% 6.53% 31.58%
Stocks
0.00% -0.38% 18.10% 50.05%
Preferred Stocks
0.00% 0.00% 9.11% 55.25%
Other
0.00% -27.60% 53.37% 50.58%

Bond Sector Breakdown

Weighting Return Low Return High LOPLX % Rank
Securitized
41.78% 0.00% 98.72% 13.95%
Corporate
37.88% 0.00% 99.41% 19.99%
Government
11.75% -2.21% 100.00% 40.62%
Cash & Equivalents
7.88% -26.49% 24.02% 14.31%
Municipal
0.70% 0.00% 100.11% 60.54%
Derivative
0.00% -0.83% 31.72% 53.23%

Bond Geographic Breakdown

Weighting Return Low Return High LOPLX % Rank
US
74.75% 58.40% 150.78% 95.27%
Non US
16.49% -38.91% 29.50% 5.79%

Expenses

LOPLX - Expenses

Operational Fees

LOPLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.01% 34.57% 32.96%
Management Fee 0.28% 0.00% 1.25% 18.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.00% 0.50% 6.97%

Sales Fees

LOPLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

LOPLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LOPLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 489.00% 98.95%

Distributions

LOPLX - Distributions

Dividend Yield Analysis

LOPLX Category Low Category High LOPLX % Rank
Dividend Yield 0.62% 0.00% 6.10% 6.71%

Dividend Distribution Analysis

LOPLX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LOPLX Category Low Category High LOPLX % Rank
Net Income Ratio 3.11% -0.71% 6.53% 17.81%

Capital Gain Distribution Analysis

LOPLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

LOPLX - Fund Manager Analysis

Managers

Andrew O'Brien


Start Date

Tenure

Tenure Rank

Dec 08, 2015

4.4

4.4%

Mr. O’Brien is a lead portfolio manager for the taxable fixed income strategies. Mr. O’Brien joined Lord Abbett in 1998 and was named Partner in 2008. Mr. O’Brien received a BA from Princeton University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1998.

Robert Lee


Start Date

Tenure

Tenure Rank

Dec 08, 2015

4.4

4.4%

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.

Kewjin Yuoh


Start Date

Tenure

Tenure Rank

Dec 08, 2015

4.4

4.4%

Mr. Yuoh is a portfolio manager for the taxable fixed income strategies. Mr. Yuoh joined Lord Abbett in 2010, and was named Partner in 2012. His prior experience includes: Senior Vice President – Director of Fundamental Research and Senior Portfolio Manager at Alliance Bernstein, LLP; Vice President – Senior Portfolio Manager at Credit Suisse Asset Management; and Mortgage-Backed Securities Portfolio Manager at Sanford C. Bernstein & Co., Inc. Mr. Yuoh received a BS from Cornell University and has been in the investment business since 1994.

Steven Rocco


Start Date

Tenure

Tenure Rank

Apr 01, 2016

4.08

4.1%

Mr. Rocco is Partner and Director of Taxable Fixed Income of Lord Abbett. Mr. Rocco is a lead portfolio manager for the high yield fixed income strategy and also contributes as portfolio manager to the multi-sector fixed-income strategy. Mr. Rocco joined Lord Abbett in 2004 and was named Partner in 2011. Mr. Rocco joined Lord Abbett as an associate portfolio manager and then transitioned to lead portfolio manager for our short duration and corporate bond strategies. He was previously a Consultant at FactSet. Mr. Rocco received a BA from Cornell University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 2001.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.44 7.44 0.33