Lord Abbett Short Duration Income Fund (LALDX)
The investment seeks a high level of income consistent with preservation of capital. The fund invests primarily in various types of short duration debt (or fixed income) securities. It invests at least 65% of its net assets in investment grade debt 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; and securities issued or guaranteed by the U.S. government, its agencies and instrumentalities; and inflation-linked investments.
Fund Info
US5439161002
543916100
Nov 4, 1993
$1,500
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 Short Duration 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 Short Duration Income Fund had a return of 4.64% year-to-date (YTD) and 6.43% in the last 12 months. Over the past 10 years, Lord Abbett Short Duration Income Fund had an annualized return of 2.24%, while the S&P 500 had an annualized return of 11.21%, indicating that Lord Abbett Short Duration Income Fund did not perform as well as the benchmark.
LALDX
4.64%
0.16%
3.06%
6.43%
1.95%
2.24%
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
The table below presents the monthly returns of LALDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.81% | -0.13% | 0.26% | 0.05% | 0.94% | 0.00% | 1.63% | 0.26% | 1.35% | -0.36% | 4.64% | ||
| 2023 | 1.46% | -0.44% | 0.89% | -0.00% | 0.25% | -0.39% | 0.63% | 0.39% | -0.52% | 0.26% | 1.46% | 1.05% | 5.12% |
| 2022 | -0.77% | -0.78% | -1.25% | -0.99% | 0.46% | -1.26% | 0.76% | -0.48% | -1.76% | -0.21% | 1.13% | 0.37% | -4.72% |
| 2021 | 0.00% | 0.42% | 0.18% | 0.45% | 0.00% | 0.39% | -0.24% | 0.39% | -0.05% | -0.31% | 0.13% | 0.19% | 1.57% |
| 2020 | 0.74% | 0.26% | -6.36% | 2.81% | 1.48% | 1.49% | 0.72% | 0.48% | -0.03% | 0.22% | 0.94% | 0.45% | 2.97% |
| 2019 | 1.04% | 0.31% | 0.79% | 0.31% | 0.55% | 0.79% | 0.07% | 0.52% | 0.07% | 0.29% | 0.29% | 0.26% | 5.42% |
| 2018 | -0.16% | -0.16% | 0.31% | -0.14% | 0.31% | 0.10% | 0.31% | 0.33% | 0.10% | -0.17% | 0.10% | 0.32% | 1.25% |
| 2017 | 0.33% | 0.33% | 0.09% | 0.33% | 0.30% | 0.07% | 0.30% | 0.30% | 0.07% | 0.05% | 0.07% | 0.07% | 2.34% |
| 2016 | -0.12% | 0.09% | 1.26% | 0.81% | 0.09% | 0.81% | 0.55% | 0.12% | 0.32% | 0.09% | -0.37% | 0.32% | 4.06% |
| 2015 | 0.31% | 0.32% | 0.34% | 0.34% | 0.32% | -0.13% | -0.13% | -0.34% | 0.09% | 0.09% | -0.13% | -0.60% | 0.46% |
| 2014 | 0.53% | 0.31% | 0.09% | 0.31% | 0.53% | 0.31% | -0.35% | 0.33% | -0.13% | 0.31% | 0.09% | -0.55% | 1.78% |
| 2013 | 0.30% | 0.30% | 0.09% | 0.52% | -0.34% | -0.99% | 0.55% | -0.11% | 0.53% | 0.53% | 0.31% | -0.15% | 1.52% |
Expense Ratio
LALDX features an expense ratio of 0.58%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of LALDX is 89, placing it in the top 11% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett Short Duration Income Fund (LALDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Short Duration Income Fund provided a 4.91% dividend yield over the last twelve months, with an annual payout of $0.19 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.17 | $0.14 | $0.12 | $0.12 | $0.15 | $0.16 | $0.16 | $0.17 | $0.17 | $0.17 | $0.17 |
Dividend yield | 4.91% | 4.49% | 3.57% | 2.77% | 2.87% | 3.59% | 3.89% | 3.74% | 3.99% | 3.97% | 3.81% | 3.71% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.16 | |
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.14 |
| 2021 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 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 | $0.12 |
| 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 | $0.15 |
| 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 | $0.16 |
| 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 | $0.16 |
| 2016 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2015 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.17 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 10.22%, occurring on Nov 20, 2008. Recovery took 54 trading sessions.
The current Lord Abbett Short Duration Income Fund drawdown is 0.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.22% | Sep 12, 2008 | 50 | Nov 20, 2008 | 54 | Feb 10, 2009 | 104 |
| -9.67% | Mar 9, 2020 | 13 | Mar 25, 2020 | 110 | Aug 31, 2020 | 123 |
| -8.24% | Sep 14, 1999 | 1 | Sep 14, 1999 | 8 | Sep 24, 1999 | 9 |
| -6.76% | Nov 3, 2021 | 245 | Oct 20, 2022 | 300 | Dec 27, 2023 | 545 |
| -3.05% | Mar 18, 2004 | 60 | Jun 14, 2004 | 167 | Feb 9, 2005 | 227 |
Volatility
Volatility Chart
The current Lord Abbett Short Duration Income Fund volatility is 0.73%, 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.