Lord Abbett Income Fund (LAGVX)
The investment seeks a high level of income consistent with preservation of capital. Under normal conditions, the fund pursues its investment objective by investing at least 65% of its net assets in investment grade debt (or fixed income) securities including Corporate debt securities of U.S. issuers; Corporate debt securities of non-U.S. (including emerging market) issuers that are denominated in U.S. dollars; Mortgage-backed, mortgage-related and other asset-backed securities; Securities issued or guaranteed by the U.S. government, its agencies or instrumentalities; and Inflation-linked investments.
Fund Info
| ISIN | US5439163081 |
|---|---|
| CUSIP | 543916308 |
| Issuer | Lord Abbett |
| Inception Date | Jan 4, 1982 |
| Category | Corporate Bonds |
| Min. Investment | $1,500 |
| Asset Class | Bond |
Expense Ratio
LAGVX has a high expense ratio of 0.73%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lord Abbett Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Lord Abbett Income Fund had a return of -1.51% year-to-date (YTD) and 1.92% in the last 12 months. Over the past 10 years, Lord Abbett Income Fund had an annualized return of 2.24%, while the S&P 500 had an annualized return of 10.33%, indicating that Lord Abbett Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.51% | 5.21% |
| 1 month | -1.65% | -4.30% |
| 6 months | 7.21% | 18.42% |
| 1 year | 1.92% | 21.82% |
| 5 years (annualized) | 1.12% | 11.27% |
| 10 years (annualized) | 2.24% | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.48% | -1.20% | 1.71% | -2.87% | ||||||||
| 2023 | -1.27% | 5.34% | 3.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LAGVX is 17, indicating that it is in the bottom 17% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Lord Abbett Income Fund(LAGVX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett Income Fund (LAGVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Income Fund granted a 4.80% dividend yield in the last twelve months. The annual payout for that period amounted to $0.11 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.11 | $0.12 | $0.12 | $0.14 | $0.10 | $0.11 | $0.11 | $0.10 | $0.11 | $0.13 | $0.15 | $0.19 |
Dividend yield | 4.80% | 4.87% | 4.96% | 4.73% | 3.45% | 3.81% | 4.22% | 3.47% | 3.92% | 4.70% | 5.35% | 6.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.01 | $0.01 | $0.01 | $0.00 | ||||||||
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lord Abbett Income Fund was 50.68%, occurring on Mar 14, 2002. Recovery took 2696 trading sessions.
The current Lord Abbett Income Fund drawdown is 10.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -50.68% | Feb 20, 2002 | 17 | Mar 14, 2002 | 2696 | Dec 5, 2012 | 2713 |
| -20.63% | Aug 3, 2021 | 311 | Oct 20, 2022 | — | — | — |
| -16.39% | Mar 9, 2020 | 11 | Mar 23, 2020 | 84 | Jul 22, 2020 | 95 |
| -10.79% | Feb 1, 1999 | 162 | Sep 14, 1999 | 143 | Apr 4, 2000 | 305 |
| -10.64% | Jan 22, 1987 | 193 | Oct 19, 1987 | 53 | Dec 31, 1987 | 246 |
Volatility
Volatility Chart
The current Lord Abbett Income Fund volatility is 1.94%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.