Lord Abbett Core Plus Bond Fund (LAPIX)
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 a variety of fixed income securities. It will invest in investment grade debt securities, but also may invest up to 35% of its net assets in high-yield debt securities. High-yield debt securities are debt securities that are rated BB/Ba or lower by an independent rating agency, or are unrated but determined by Lord Abbett to be of comparable quality.
Fund Info
US54401E5490
Dec 8, 2015
$1,000,000
Expense Ratio
LAPIX features an expense ratio of 0.48%, falling within the medium range.
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 Core Plus Bond 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 Core Plus Bond Fund had a return of 3.34% year-to-date (YTD) and 3.58% in the last 12 months.
LAPIX
3.34%
-0.55%
1.97%
3.58%
0.39%
N/A
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of LAPIX, 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 | 0.55% | -0.94% | 0.63% | -1.65% | 1.69% | 0.48% | 2.84% | 1.08% | 1.90% | -2.22% | 0.78% | 3.34% | |
| 2023 | 3.71% | -2.29% | 2.25% | 0.15% | -0.76% | 0.13% | 0.37% | -0.41% | -2.77% | -1.01% | 4.56% | 3.35% | 7.19% |
| 2022 | -1.99% | -1.36% | -2.72% | -3.77% | -0.10% | -2.39% | 2.40% | -2.03% | -4.46% | -0.92% | 3.34% | -0.93% | -14.20% |
| 2021 | -0.51% | -0.90% | -0.71% | 1.13% | 0.13% | 1.30% | 0.71% | 0.25% | -0.74% | -0.26% | 0.22% | 0.16% | 0.74% |
| 2020 | 1.96% | 0.90% | -6.15% | 2.38% | 1.79% | 1.37% | 2.91% | -0.04% | -0.17% | -0.24% | 1.95% | -0.25% | 6.27% |
| 2019 | 1.93% | 0.23% | 1.82% | 0.51% | 1.12% | 1.64% | 0.48% | 1.75% | -0.33% | 0.32% | 0.06% | -0.46% | 9.42% |
| 2018 | -0.57% | -0.84% | 0.20% | -0.46% | 0.27% | -0.06% | 0.42% | 0.41% | 0.07% | -0.83% | 0.05% | 0.65% | -0.70% |
| 2017 | 0.82% | 0.68% | 0.03% | 0.95% | 0.68% | -0.10% | 0.75% | 0.55% | -0.11% | 0.22% | -0.11% | 0.42% | 4.87% |
| 2016 | -0.32% | 0.06% | 2.72% | 1.46% | -0.03% | 1.42% | 1.55% | 0.49% | 0.21% | -0.22% | -2.06% | -0.15% | 5.16% |
| 2015 | -0.43% | -0.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LAPIX is 36, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett Core Plus Bond Fund (LAPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Core Plus Bond Fund provided a 5.11% dividend yield over the last twelve months, with an annual payout of $0.65 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.65 | $0.67 | $0.51 | $0.44 | $0.53 | $0.52 | $0.60 | $0.52 | $0.58 | $0.04 |
Dividend yield | 5.11% | 5.19% | 3.98% | 2.87% | 3.36% | 3.37% | 4.15% | 3.42% | 3.86% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Core Plus Bond 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 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.00 | $0.59 |
| 2023 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.67 |
| 2022 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.51 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.44 |
| 2020 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 |
| 2019 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.52 |
| 2018 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.60 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.52 |
| 2016 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.58 |
| 2015 | $0.04 | $0.04 |
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 Core Plus Bond 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 Core Plus Bond Fund was 18.15%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Lord Abbett Core Plus Bond Fund drawdown is 5.79%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.15% | Sep 15, 2021 | 281 | Oct 20, 2022 | — | — | — |
| -10.96% | Mar 9, 2020 | 11 | Mar 23, 2020 | 83 | Jul 21, 2020 | 94 |
| -3.57% | Oct 3, 2016 | 54 | Dec 16, 2016 | 90 | Apr 28, 2017 | 144 |
| -3.18% | Dec 18, 2020 | 63 | Mar 18, 2021 | 76 | Jul 6, 2021 | 139 |
| -2.42% | Dec 8, 2015 | 46 | Feb 12, 2016 | 22 | Mar 16, 2016 | 68 |
Volatility
Volatility Chart
The current Lord Abbett Core Plus Bond Fund volatility is 1.40%, 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.