Lord Abbett Corporate Bond Fund (LICIX)
The investment seeks current income. 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 corporate debt (or fixed income) securities and derivative instruments that are intended to provide economic exposure to such securities. It invests substantially all of its assets in debt securities rated investment grade at the time of purchase or determined by Lord Abbett to be of comparable quality.
Fund Info
| ISIN | US54401X8103 |
|---|---|
| Issuer | Lord Abbett |
| Inception Date | Apr 19, 2017 |
| Category | Corporate Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
LICIX has a high expense ratio of 0.48%, indicating higher-than-average management fees.
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 Corporate 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 11.29% |
| 1 month | N/A | 4.87% |
| 6 months | N/A | 17.88% |
| 1 year | N/A | 29.16% |
| 5 years (annualized) | N/A | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of LICIX, 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 | 0.48% | -1.14% | -0.07% | ||||||||||
| 2023 | 4.66% | -2.94% | 2.20% | 0.48% | -1.17% | 0.26% | 0.51% | -0.70% | -3.18% | -1.30% | 5.61% | 3.81% | 8.09% |
| 2022 | -2.80% | -1.86% | -2.85% | -5.36% | 0.37% | -2.75% | 2.46% | -2.33% | -5.08% | -0.88% | 4.54% | -0.46% | -16.14% |
| 2021 | -0.94% | -1.44% | -1.58% | 1.16% | 0.29% | 2.20% | 1.25% | -0.05% | -0.89% | 0.10% | 0.33% | -0.20% | 0.17% |
| 2020 | 2.85% | 1.05% | -9.74% | 5.39% | 2.02% | 2.68% | 3.56% | -1.31% | -0.01% | -0.39% | 3.25% | 0.80% | 9.73% |
| 2019 | 1.85% | 0.26% | 2.45% | 0.76% | 1.07% | 2.17% | 0.73% | 2.51% | -0.46% | 0.42% | 0.41% | 0.21% | 13.07% |
| 2018 | -0.75% | -1.46% | 0.25% | -0.97% | 0.25% | -0.45% | 0.59% | 0.38% | -0.13% | -1.40% | -0.36% | 1.35% | -2.72% |
| 2017 | -0.20% | 0.80% | -0.00% | 0.50% | 0.50% | -0.25% | 0.55% | -0.06% | 0.91% | 2.78% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LICIX is 31, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
LICIX (Lord Abbett Corporate Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett Corporate Bond Fund (LICIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Corporate Bond Fund granted a 3.98% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.39 | $0.36 | $0.51 | $0.54 | $0.40 | $0.42 | $0.15 |
Dividend yield | 3.98% | 4.56% | 4.43% | 5.06% | 5.07% | 3.92% | 4.51% | 1.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Corporate 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 | $0.03 | $0.03 | $0.00 | $0.07 | |||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.36 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.21 | $0.51 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.20 | $0.54 |
| 2019 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2017 | $0.04 | $0.04 | $0.03 | $0.04 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett Corporate 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 Corporate Bond Fund was 22.01%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.01% | Aug 3, 2021 | 312 | Oct 21, 2022 | — | — | — |
| -16.07% | Mar 9, 2020 | 9 | Mar 19, 2020 | 83 | Jul 17, 2020 | 92 |
| -4.74% | Jan 4, 2021 | 54 | Mar 18, 2021 | 76 | Jul 6, 2021 | 130 |
| -4.49% | Jan 2, 2018 | 230 | Nov 28, 2018 | 75 | Mar 20, 2019 | 305 |
| -2.43% | Sep 5, 2019 | 7 | Sep 13, 2019 | 52 | Nov 26, 2019 | 59 |
Volatility
Volatility Chart
The current Lord Abbett Corporate Bond Fund volatility is 1.27%, 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.