Lord Abbett Corporate Bond Fund
Data updated: 2024-04-26
C000180450 — Lord Abbett Corporate Bond Fund. Intermediate Corporate Bond · $9.35M AUM · 0.68% expense ratio. Holdings, fees, performance and SEC filings.
C000180450 Fund Overview
Lord Abbett Corporate Bond 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: $9.35M
- 1-year return: 5.6%
- SEC CIK: 0000911507
- SEC series ID: S000056808
- Share class ID: C000180450
C000180450 Investment Objective and Strategy
Lord Abbett Corporate Bond 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 current income.
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 corporate debt (or fixed income) securities and derivative instruments that are intended to provide economic exposure to such securities. Under normal conditions, the Fund invests substantially all of its assets in debt securities rated investment grade at the time of purchase or determined by Lord Abbett to be of comparable quality. Consistent with the composition of the Funds investable universe, it is expected that a substantial portion of the Funds portfolio will be invested in investment grade securities rated BBB/Baa by an independent rating agency or determined by Lord Abbett to be of comparable quality. The Fund may at times hold below investment grade securities (commonly referred to as high-yield or junk bonds) if the Fund purchased securities that were considered investment grade at their time of purchase and such securities subsequently are downgraded.
The Fund may invest in: Corporate debt securities of U.S. issuers; and Corporate debt securities of non-U.S. (including emerging market) issuers that are denominated in U.S. dollars. The Fund may invest up to 20% of its net assets in other types of fixed income instruments, including securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities. The Fund may invest up to 15% of its net assets in securities that are illiquid at the time of investment. The Fund does not have any maturity or duration restrictions and may invest in individual securities of any maturity or duration. The duration of a security takes into account the pattern of all payments of interest and principal on the security over time, including how these payments are affected by changes in interest rates.
The longer a portfolios duration, the more sensitive it is to interest rate risk. The shorter a portfolios duration, the less sensitive it is to interest rate risk. The Fund may use derivatives to hedge against risk or to gain investment exposure. Currently, the Fund may 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 market value of derivatives providing economic exposure substantially similar to the securities referenced in the Funds 80% policy, as described above, will be counted for purposes of measuring the Funds compliance with its 80% policy. The Fund buys and sells securities using a relative value-oriented investment process, meaning the Fund generally seeks more investment exposure to securities believed to be undervalued and less investment exposure to securities believed to be overvalued. The Fund combines top-down and bottom-up analysis to construct its portfolio. Insights gained from fundamental analysis and proprietary valuation tools are used to determine security selection, industry exposure, and term structure. The Fund may engage 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, shows signs of deteriorating fundamentals, or has reached its valuation target, among other reasons. The Fund seeks to remain fully invested in accordance with its investment objective. The Fund may, however, deviate entirely 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.
C000180450 Holdings
Top 10 holdings of Lord Abbett Corporate Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury | 4.19% |
| United States Treasury | 2.90% |
| Ubs Group AG | 2.08% |
| Bank of America Corp | 1.59% |
| Morgan Stanley | 1.55% |
| Goldman Sachs Group, Inc. | 1.43% |
| Citigroup, Inc. | 1.27% |
| Bat Capital Corp. | 1.24% |
| Continental Resources | 1.10% |
| Centene Corp. | 1.08% |
C000180450 Portfolio Allocation
Asset-class allocation of Lord Abbett Corporate Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 96.2% |
| Cash & Equivalents | 0.8% |
| Derivatives | 0.1% |
| Real Estate | 0.1% |
C000180450 Performance
Total returns for C000180450 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.6% |
| 3 years (annualised) | -3.0% |
C000180450 Risk Information
Risk metrics for C000180450, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.7%
C000180450 Costs and Fees
C000180450 costs about $68 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.68%
- Gross expense ratio: 3.85%
- Portfolio turnover: 115%
- Brokerage commissions: 12.79 bps of average net assets (SEC N-CEN)
C000180450 Cashflows
Over the 12 months to 2024-02, Lord Abbett Corporate Bond Fund had net inflows of $2.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-02 | $87.29K |
| 2024-01 | $48.73K |
| 2023-12 | $504.64K |
| 2023-11 | $137.95K |
| 2023-10 | −$58.57K |
| 2023-09 | $136.00K |
C000180450 Debt Constituents
Largest debt holdings of Lord Abbett Corporate Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 4.19% |
| United States Treasury | 2.90% |
| Ubs Group AG | 2.08% |
| Bank of America Corp | 1.59% |
| Morgan Stanley | 1.55% |
| Goldman Sachs Group, Inc. | 1.43% |
| Citigroup, Inc. | 1.27% |
| Bat Capital Corp. | 1.24% |
| Continental Resources | 1.10% |
| Centene Corp. | 1.08% |
C000180450 Prospectus and SEC Filings
Official Lord Abbett Corporate Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-03-29
- Prospectus (485BPOS) — filed 2022-03-25
- Prospectus (485BPOS) — filed 2021-03-26
- Portfolio holdings (N-PORT) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2024-01-26
- Portfolio holdings (N-PORT) — filed 2023-10-25
- Annual census (N-CEN) — filed 2024-02-12
- Annual census (N-CEN) — filed 2023-02-13
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.