Lord Abbett Core Fixed Income Fund (LCRYX)

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Lord Abbett Core Fixed Income Fund (LCRYX) is down 0.6% since the beginning of the year. LCRYX is currently trading at $9 per share. Investors who bought $1,000 worth of LCRYX shares 5 years ago would now be looking at an investment worth $970.

Lord Abbett Core Fixed Income Fund (LCRYX) has returned -0.59% so far this year and 2.01% over the past 12 months. Over the last ten years, LCRYX has returned 1.33% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Dec 31, 1997, LCRYX'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, 65% of months were positive and 35% were negative. The best month was Oct 2003 with a return of +4.8%, while the worst month was Dec 1999 at -6.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.

On a daily basis, LCRYX closed higher 45% of trading days. The best single day was Oct 31, 2003 with a return of +6.3%, while the worst single day was Dec 21, 2000 at -6.6%.

Lord Abbett Core Fixed Income Fund has an annualized alpha of 3.96%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 31, 1997.

• This fund captured 10.51% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.57%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.02 may look defensive, but with R2 of 0.01 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 0.01 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.

LCRYX has an expense ratio of 0.34%, placing it in the medium range.

LCRYX ranks 20 for risk / return — above 20% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

Lord Abbett Core Fixed Income Fund provided a 4.38% dividend yield over the last twelve months, with an annual payout of $0.40 per share.

The table displays the monthly dividend distributions for Lord Abbett Core Fixed 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 Core Fixed 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 Core Fixed Income Fund was 18.82%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current Lord Abbett Core Fixed Income Fund drawdown is 3.18%.

The chart below shows the rolling one-month volatility.