Lord Abbett Short Duration Income Fund Class R6 (LDLVX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Lord Abbett Short Duration Income Fund Class R6 (LDLVX) is up 0.8% since the beginning of the year. LDLVX is currently trading at $4 per share. Investors who bought $1,000 worth of LDLVX shares 5 years ago would now be looking at an investment worth $1,129.

Lord Abbett Short Duration Income Fund Class R6 (LDLVX) has returned 0.82% so far this year and 4.53% over the past 12 months. Over the last ten years, LDLVX has returned 2.45% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jul 13, 2015, LDLVX's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +2.6%, while the worst month was Mar 2020 at -6.3%. The longest winning streak lasted 24 consecutive months, and the longest losing streak was 8 months.

On a daily basis, LDLVX closed higher 14% of trading days. The best single day was Mar 27, 2020 with a return of +1.3%, while the worst single day was Mar 19, 2020 at -1.3%.

Lord Abbett Short Duration Income Fund Class R6 has an annualized alpha of 1.90%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 13, 2015.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (9.49%) than losses (8.42%) - typical of diversified or defensive assets.
• Beta of 0.01 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.

LDLVX has an expense ratio of 0.32%, placing it in the medium range.

LDLVX ranks 77 for risk / return — better than 77% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Lord Abbett Short Duration Income Fund Class R6 provided a 5.25% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Lord Abbett Short Duration Income Fund Class R6. 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 Short Duration Income Fund Class R6. 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 Class R6 was 9.67%, occurring on Mar 25, 2020. Recovery took 110 trading sessions.

The current Lord Abbett Short Duration Income Fund Class R6 drawdown is 0.26%.

The chart below shows the rolling one-month volatility.