Lord Abbett Short Duration Income Fund (LALDX)

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Lord Abbett Short Duration Income Fund (LALDX) is up 0.7% since the beginning of the year. LALDX is currently trading at $4 per share. Investors who bought $1,000 worth of LALDX shares 5 years ago would now be looking at an investment worth $1,102.

Lord Abbett Short Duration Income Fund (LALDX) has returned 0.70% so far this year and 4.23% over the past 12 months. Over the last ten years, LALDX has returned 2.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.42% annually.

Based on dividend-adjusted daily data since Nov 4, 1993, LALDX's average daily return is +0.01%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.

Historically, 75% of months were positive and 25% were negative. The best month was Dec 2008 with a return of +3.8%, while the worst month was Mar 2020 at -6.4%. The longest winning streak lasted 21 consecutive months, and the longest losing streak was 4 months.

On a daily basis, LALDX closed higher 20% of trading days. The best single day was Mar 26, 2020 with a return of +1.3%, while the worst single day was Dec 1, 2008 at -1.8%.

Lord Abbett Short Duration Income Fund has an annualized alpha of 3.65%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 04, 1993.

• This fund captured 11.20% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.39%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

LALDX has an expense ratio of 0.58%, placing it in the medium range.

LALDX ranks 73 for risk / return — better than 73% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LALDX) and compare them to S&P 500 Index.

Lord Abbett Short Duration Income Fund provided a 4.96% dividend yield over the last twelve months, with an annual payout of $0.19 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Lord Abbett Short Duration Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Lord Abbett Short Duration 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 Short Duration Income Fund was 10.58%, occurring on Nov 20, 2008. Recovery took 90 trading sessions.

The current Lord Abbett Short Duration Income Fund drawdown is 0.26%.

The chart below shows the rolling one-month volatility.