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
US54401X8103
Apr 19, 2017
$1,000,000
Expense Ratio
LICIX has an expense ratio of 0.48%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
LICIX
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^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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% | 0.60% | -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, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
| Period | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.36 | $0.51 | $0.54 | $0.40 | $0.42 | $0.15 |
Dividend yield | 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. 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 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 chart below shows the rolling one-month volatility.
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