Lord Abbett Bond Debenture Fund (LBNDX)
The investment seeks high current income and the opportunity for capital appreciation to produce a high total return. To pursue its objective, under normal conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds, debentures and other fixed income securities. It may invest a substantial portion of its net assets in high-yield securities (commonly referred to as "below investment grade" or "junk" bonds). The fund may invest up to 20% of its net assets in equity securities, including common stocks, preferred stocks, convertible preferred stocks, and similar instruments.
Fund Info
US5440041045
544004104
Mar 31, 1971
$1,000
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 Bond Debenture 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 Bond Debenture Fund had a return of 7.45% year-to-date (YTD) and 11.74% in the last 12 months. Over the past 10 years, Lord Abbett Bond Debenture Fund had an annualized return of 3.57%, while the S&P 500 had an annualized return of 11.21%, indicating that Lord Abbett Bond Debenture Fund did not perform as well as the benchmark.
LBNDX
7.45%
0.89%
5.03%
11.74%
2.58%
3.57%
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
The table below presents the monthly returns of LBNDX, 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% | 0.20% | 0.99% | -0.71% | 1.37% | 0.14% | 2.00% | 1.12% | 1.96% | -1.18% | 7.45% | ||
| 2023 | 3.52% | -1.98% | 0.72% | 0.00% | -1.01% | 1.15% | 1.01% | -0.70% | -2.17% | -0.54% | 4.24% | 2.61% | 6.81% |
| 2022 | -3.32% | -1.19% | -1.55% | -3.21% | 0.11% | -4.96% | 3.10% | -1.22% | -3.68% | 1.66% | 1.97% | -1.00% | -12.81% |
| 2021 | 0.39% | 1.17% | -0.27% | 1.12% | -0.12% | 1.17% | -0.00% | 0.78% | -0.67% | 0.35% | -0.63% | 0.02% | 3.36% |
| 2020 | 1.06% | -0.55% | -12.34% | 4.08% | 4.06% | 1.67% | 3.96% | 1.58% | -1.05% | 0.55% | 3.81% | 1.72% | 7.64% |
| 2019 | 3.75% | 1.41% | 1.53% | 0.99% | -0.16% | 2.75% | 0.58% | 0.46% | -0.42% | 0.32% | 0.06% | 1.43% | 13.39% |
| 2018 | 0.95% | -1.34% | -0.61% | -0.14% | 0.37% | -0.38% | 0.36% | 1.12% | 0.38% | -2.71% | -0.50% | -2.83% | -5.29% |
| 2017 | 1.52% | 1.25% | -0.11% | 1.12% | 0.74% | 0.23% | 1.34% | 0.23% | 0.95% | 0.95% | 0.09% | -0.01% | 8.60% |
| 2016 | -2.04% | -0.14% | 3.90% | 2.54% | 0.66% | 1.06% | 2.77% | 1.47% | 0.52% | -0.39% | 0.27% | 1.30% | 12.45% |
| 2015 | 1.01% | 2.13% | 0.23% | 0.24% | 0.84% | -1.48% | -0.39% | -2.28% | -1.71% | 2.22% | -1.17% | -1.98% | -2.44% |
| 2014 | 0.53% | 2.37% | -0.08% | 0.40% | 1.11% | 1.01% | -1.76% | 1.74% | -1.88% | 1.23% | 0.11% | -0.65% | 4.12% |
| 2013 | 1.56% | 0.34% | 1.18% | 1.66% | -0.40% | -2.68% | 2.06% | -0.78% | 1.19% | 2.27% | 0.41% | -1.26% | 5.57% |
Expense Ratio
LBNDX features an expense ratio of 0.77%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of LBNDX is 81, placing it in the top 19% 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 Bond Debenture Fund (LBNDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Bond Debenture Fund provided a 5.73% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.36 | $0.35 | $0.32 | $0.31 | $0.33 | $0.36 | $0.35 | $0.37 | $0.35 | $0.55 | $0.43 |
Dividend yield | 5.73% | 5.12% | 5.06% | 3.81% | 3.71% | 4.01% | 4.78% | 4.24% | 4.64% | 4.72% | 6.95% | 5.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Bond Debenture 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 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.00 | $0.35 | |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.06 | $0.35 |
| 2021 | $0.06 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.32 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.31 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.20 | $0.55 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.43 |
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 Bond Debenture 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 Bond Debenture Fund was 26.23%, occurring on Nov 21, 2008. Recovery took 204 trading sessions.
The current Lord Abbett Bond Debenture Fund drawdown is 1.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.23% | May 21, 2008 | 129 | Nov 21, 2008 | 204 | Sep 11, 2009 | 333 |
| -19.78% | Feb 21, 2020 | 22 | Mar 23, 2020 | 112 | Aug 31, 2020 | 134 |
| -17% | Nov 10, 2021 | 225 | Sep 29, 2022 | — | — | — |
| -16.63% | Jul 14, 1989 | 346 | Nov 9, 1990 | 109 | Apr 11, 1991 | 455 |
| -11.85% | Jun 1, 2015 | 178 | Feb 11, 2016 | 102 | Jul 8, 2016 | 280 |
Volatility
Volatility Chart
The current Lord Abbett Bond Debenture Fund volatility is 0.97%, 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.