- Issuer
- Lord Abbett
- Inception Date
- Feb 18, 2019
- Category
- Multisector Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
LCRDX Performance Chart
Lord Abbett Credit Opportunities Fund (LCRDX) is up 1.4% since the beginning of the year. LCRDX is currently trading at $8 per share. Investors who bought $1,000 worth of LCRDX shares 5 years ago would now be looking at an investment worth $1,164.
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Returns By Period
Lord Abbett Credit Opportunities Fund (LCRDX) has returned 1.40% so far this year and 5.63% over the past 12 months.
Lord Abbett Credit Opportunities Fund
- 1D
- -0.12%
- 1M
- 0.53%
- YTD
- 1.40%
- 6M
- 2.02%
- 1Y
- 5.63%
- 3Y*
- 7.72%
- 5Y*
- 3.09%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LCRDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2020, LCRDX's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, an investment would double in approximately 12.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +7.6%, while the worst month was Mar 2020 at -17.7%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, LCRDX closed higher 42% of trading days. The best single day was Apr 9, 2020 with a return of +2.5%, while the worst single day was Mar 9, 2020 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.78% | -0.51% | -0.31% | 1.52% | 0.77% | -0.84% | 1.40% | ||||||
| 2025 | 1.57% | 0.51% | -1.67% | -4.02% | 3.08% | 2.52% | 1.86% | 2.38% | 1.11% | -0.46% | -1.16% | -0.55% | 5.03% |
| 2024 | 1.32% | 1.00% | 1.42% | -0.39% | 1.52% | 0.67% | 1.29% | 0.39% | 1.29% | 0.11% | 1.45% | -0.32% | 10.16% |
| 2023 | 3.81% | -0.33% | -0.21% | 0.51% | -0.53% | 1.83% | 1.93% | 0.53% | -0.05% | -1.60% | 2.39% | 2.55% | 11.25% |
| 2022 | -0.11% | -0.42% | -0.54% | -2.00% | -2.58% | -5.26% | 0.55% | 0.98% | -3.66% | 0.22% | 0.67% | -1.48% | -13.00% |
| 2021 | 2.12% | 2.97% | 0.06% | 1.43% | 1.42% | 1.68% | -0.69% | 0.47% | 2.26% | -0.18% | -1.05% | 1.15% | 12.19% |
Benchmark Metrics
Lord Abbett Credit Opportunities Fund has an annualized alpha of 3.21%, beta of 0.14, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since January 02, 2020.
- This fund participated in 37.50% of S&P 500 Index downside but only 29.39% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.23 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 0.23 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.
- Alpha
- 3.21%
- Beta
- 0.14
- R²
- 0.23
- Upside Capture
- 29.39%
- Downside Capture
- 37.50%
Expense Ratio
LCRDX has a high expense ratio of 1.39%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LCRDX ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lord Abbett Credit Opportunities Fund (LCRDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LCRDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.78 | -1.16 |
| Martin ratioReturn relative to average drawdown | 3.66 | 12.44 | -8.78 |
Dividends
Dividend History
Lord Abbett Credit Opportunities Fund provided a 10.44% dividend yield over the last twelve months, with an annual payout of $0.86 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.86 | $0.84 | $0.81 | $0.85 | $0.45 | $1.03 | $0.44 |
Dividend yield | 10.44% | 9.81% | 9.09% | 9.54% | 5.10% | 9.71% | 4.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Credit Opportunities 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.08 | $0.07 | $0.08 | $0.09 | $0.06 | $0.00 | $0.37 | ||||||
| 2025 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.06 | $0.08 | $0.07 | $0.07 | $0.08 | $0.07 | $0.06 | $0.84 |
| 2024 | $0.09 | $0.08 | $0.08 | $0.09 | $0.06 | $0.00 | $0.09 | $0.07 | $0.07 | $0.08 | $0.06 | $0.06 | $0.81 |
| 2023 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.85 |
| 2022 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.45 |
| 2021 | $0.00 | $0.05 | $0.06 | $0.05 | $0.07 | $0.06 | $0.11 | $0.07 | $0.07 | $0.00 | $0.06 | $0.41 | $1.03 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett Credit Opportunities 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 Credit Opportunities Fund was 22.75%, occurring on Mar 24, 2020. Recovery took 158 trading sessions.
The current Lord Abbett Credit Opportunities Fund drawdown is 0.90%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -22.75%Mar 2020 | 2mo 3d | 7mo 21d | 9mo 24dJan 2020 - Nov 2020 |
Bear market2022 | -13.62%Oct 2022 | 11mo 16d | 1y 6mo | 2y 6moNov 2021 - May 2024 |
2025 selloff2025 | -6.95%Apr 2025 | 1mo 8d | 2mo 23d | 4mo 1dMar 2025 - Jul 2025 |
2026 pullback2026 | -3.64%Mar 2026 | 5mo 21d | — | 8mo 19dOct 2025 - now |
2021 pullback2021 | -1.69%Aug 2021 | 1mo 18d | 20d | 2mo 8dJul 2021 - Sep 2021 |
Drawdown Indicators
| LCRDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.75% | -56.78% | +34.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -9.10% | +5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.95% | -18.90% | +11.95% |
Max Drawdown (5Y)Largest decline over 5 years | -13.62% | -25.43% | +11.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.90% | -1.80% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -10.71% | +6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.03% | -0.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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