Lord Abbett High Yield Fund
Data updated: 2026-07-29
C000019988 — Lord Abbett High Yield Fund. Intermediate Corporate Bond · $3.26B AUM · 1.18% expense ratio. Holdings, fees, performance and SEC filings.
C000019988 Fund Overview
Lord Abbett High Yield Fund is a US mutual fund managed by Lord Abbett Investment Trust, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Lord Abbett Investment Trust
- Category: Intermediate Corporate Bond
- Assets under management: $3.26B
- 1-year return: -14.8%
- SEC CIK: 0000911507
- SEC series ID: S000007278
- Share class ID: C000019988
C000019988 Investment Objective and Strategy
Lord Abbett High Yield Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Lord Abbett Investment Trust.
Investment objective
The Funds investment objective is to seek a high current income and the opportunity for capital appreciation to produce a high total return.
Principal investment strategy
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 lower-rated debt securities (commonly referred to as high-yield or junk bonds), including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock. The Fund may invest in debt securities of any credit quality, including defaulted securities ( i.e. , bonds on which the issuer has not paid principal or interest on time) and securities of issuers that are or may become involved in reorganizations, financial restructurings, or bankruptcy (commonly referred to as distressed debt). The Fund may invest in structured securities and other hybrid instruments, including collateralized loan obligations (CLOs).
The Fund may invest up to 20% of its net assets in foreign securities (including emerging market securities and American Depositary Receipts (ADRs)). The Fund defines foreign securities as securities of non-U.S. issuers that are denominated in non-U.S. currencies. In addition, the Fund may invest up to 20% of its net assets in municipal securities. The Fund also may invest up to 15% of its net assets in floating or adjustable rate loans, including bridge loans, novations, assignments, and participations. The Fund also may invest up to 20% of its net assets in equity securities. Equity securities include common stocks, preferred stocks, convertible preferred stocks, warrants, rights to purchase equity securities of an issuer, and equity interests in trusts and partnerships, including real estate investment trusts (REITs).
The Fund may acquire equity securities as a result of restructurings of debt securities held in its portfolio. In addition, the Fund may purchase equity securities to pursue capital appreciation or to diversify its portfolio. The Fund may invest in mortgage-backed, mortgage-related, and other asset-backed securities, which directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans, real property, or other assets. The Fund will not invest more than 25% of its total assets in any industry; however, this limitation does not apply to mortgage-backed securities, privately issued mortgage-related securities, or securities issued by the U.S. Government, its agencies and instrumentalities. The Fund may use derivatives to hedge against risk or to gain investment exposure.
Currently, the Fund expects to invest in derivatives consisting principally of futures, forwards, options, and swaps. The Fund may use derivatives to seek to enhance returns, to attempt to hedge some of its investment risk, to manage portfolio duration, as a substitute for holding the underlying asset on which the derivative instrument is based, or for cash management purposes. For example, the Fund may invest in or sell short U.S. Treasury futures, securities index futures, other futures, and/or currency forwards to adjust the Funds exposure to the direction of interest rates, or for other portfolio management reasons. The Fund believes high total return (current income and capital appreciation) may be derived from an actively-managed, diversified portfolio of investments. In addition to seeking current income, the Fund seeks to invest across the ratings spectrum, particularly in lower-rated debt securities.
The Fund seeks to purchase lower-rated securities the Fund believes will experience declining credit risk, allowing the securities potentially to generate higher returns. The portfolio management team selects securities using a bottom-up analysis of an issuers management quality, credit risk, and relative market position, and industry dynamics, as well as an evaluation of conditions within the broader economy. The portfolio management team attempts to reduce risk through portfolio diversification, credit analysis, and attention to current developments and trends in interest rates and economic conditions. The Fund engages in active and frequent trading of its portfolio securities. The Fund may sell a security when the Fund believes the security is less likely to benefit from the current market and economic environment, or shows signs of deteriorating fundamentals, among other reasons.
The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.
C000019988 Holdings
Top 10 holdings of Lord Abbett High Yield Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Investments | 3.39% |
| Alloy Finco Limited | 0.85% |
| Dish Dbs Corp. | 0.68% |
| Discovery Holdings, Inc. | 0.68% |
| Venture Global Lng, Inc. | 0.64% |
| RBC Dominion Securities, Inc. | 0.61% |
| Hilcorp Energy I/hilcorp | 0.58% |
| Nissan Motor Co. | 0.54% |
| Borr Ihc Ltd. / Borr Fin | 0.53% |
| Borr Ihc Ltd. / Borr Fin | 0.48% |
C000019988 Portfolio Allocation
Asset-class allocation of Lord Abbett High Yield Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 92.8% |
| Cash & Equivalents | 4.8% |
| Loans | 4.8% |
| Equity | 0.9% |
| Securitized | 0.3% |
| Other | 0.1% |
C000019988 Performance
Total returns for C000019988 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -14.8% |
| 3 years (annualised) | -1.6% |
C000019988 Risk Information
Risk metrics for C000019988, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.0%
C000019988 Costs and Fees
C000019988 costs about $118 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.18%
- Gross expense ratio: 1.18%
- Portfolio turnover: 79%
- Brokerage commissions: 0.11 bps of average net assets (SEC N-CEN)
C000019988 Cashflows
Over the 12 months to 2026-05, Lord Abbett High Yield Fund had net outflows of $182.79M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$12.82M |
| 2026-04 | $22.50M |
| 2026-03 | −$58.68M |
| 2026-02 | −$27.50M |
| 2026-01 | $289.47K |
| 2025-12 | $11.32M |
C000019988 Debt Constituents
Largest debt holdings of Lord Abbett High Yield Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Dish Dbs Corp. | 0.68% |
| Discovery Holdings, Inc. | 0.68% |
| Venture Global Lng, Inc. | 0.64% |
| Hilcorp Energy I/hilcorp | 0.58% |
| Nissan Motor Co. | 0.54% |
| Borr Ihc Ltd. / Borr Fin | 0.53% |
| Borr Ihc Ltd. / Borr Fin | 0.48% |
| Cco Hldgs Llc/cap Corp. | 0.47% |
| 1261229 Bc Ltd. | 0.47% |
| Cvs Health Corp. | 0.45% |
C000019988 Prospectus and SEC Filings
Official Lord Abbett High Yield Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-03-28
- Prospectus (485BPOS) — filed 2024-03-27
- Prospectus supplement (497) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-07-29
- Portfolio holdings (N-PORT) — filed 2026-04-28
- Portfolio holdings (N-PORT) — filed 2026-01-22
- Annual census (N-CEN) — filed 2026-02-11
- Annual census (N-CEN) — filed 2025-02-11
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.