- CUSIP
- 544001108
- Issuer
- Lord Abbett
- Inception Date
- May 1, 2020
- Category
- High Yield Bonds
- Min. Investment
- $1,500
- Index Tracked
- ICE BofA HY U.S. Corp, Cash Pay, BB-B 1-5 YR USD Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
LSYAX Performance Chart
Lord Abbett Short Duration High Yield Fund (LSYAX) is up 2.4% since the beginning of the year. LSYAX is currently trading at $10 per share. Investors who bought $1,000 worth of LSYAX shares 5 years ago would now be looking at an investment worth $1,249.
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Returns By Period
Lord Abbett Short Duration High Yield Fund (LSYAX) has returned 2.37% so far this year and 8.04% over the past 12 months.
Lord Abbett Short Duration High Yield Fund
- 1D
- 0.10%
- 1M
- 0.95%
- YTD
- 2.37%
- 6M
- 3.11%
- 1Y
- 8.04%
- 3Y*
- 8.45%
- 5Y*
- 4.54%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LSYAX Monthly Returns History
Based on dividend-adjusted daily data since Apr 23, 2020, LSYAX's average daily return is +0.02%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 73% of months were positive and 27% were negative. The best month was Jul 2022 with a return of +4.1%, while the worst month was Jun 2022 at -6.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, LSYAX closed higher 40% of trading days. The best single day was Mar 31, 2026 with a return of +1.3%, while the worst single day was Jun 13, 2022 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.85% | 0.02% | -1.37% | 2.23% | 0.64% | 0.00% | 2.37% | ||||||
| 2025 | 1.07% | 0.63% | -1.44% | -1.37% | 2.48% | 1.99% | 0.55% | 1.37% | 0.83% | 0.13% | 0.55% | 0.52% | 7.50% |
| 2024 | 0.50% | 0.58% | 1.10% | -0.42% | 1.01% | 0.20% | 1.62% | 1.20% | 1.27% | 0.03% | 1.05% | 0.02% | 8.46% |
| 2023 | 2.95% | -0.91% | 0.65% | 0.21% | -0.48% | 1.62% | 1.20% | 0.46% | -0.28% | -1.47% | 3.45% | 2.84% | 10.60% |
| 2022 | -1.32% | -0.59% | -0.19% | -2.02% | -0.09% | -6.16% | 4.13% | -1.19% | -3.42% | 2.37% | 1.73% | -0.32% | -7.21% |
| 2021 | 0.28% | 0.37% | 0.43% | 0.78% | 0.52% | 0.71% | 0.06% | 0.33% | 0.34% | 0.33% | -0.95% | 1.24% | 4.50% |
Benchmark Metrics
Lord Abbett Short Duration High Yield Fund has an annualized alpha of 3.98%, beta of 0.14, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since April 23, 2020.
- This fund participated in 26.21% of S&P 500 Index downside but only 25.83% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.31 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 0.31 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.98%
- Beta
- 0.14
- R²
- 0.31
- Upside Capture
- 25.83%
- Downside Capture
- 26.21%
Expense Ratio
LSYAX has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LSYAX 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lord Abbett Short Duration High Yield Fund (LSYAX) 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.
| LSYAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.37 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.78 | +0.06 |
| Martin ratioReturn relative to average drawdown | 13.74 | 12.44 | +1.30 |
Dividends
Dividend History
Lord Abbett Short Duration High Yield Fund provided a 7.86% dividend yield over the last twelve months, with an annual payout of $0.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.78 | $0.79 | $0.63 | $0.46 | $0.62 | $0.51 |
Dividend yield | 7.86% | 7.91% | 8.01% | 6.38% | 4.86% | 5.77% | 4.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Short Duration High Yield 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 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.00 | $0.32 | ||||||
| 2025 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.78 |
| 2024 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.00 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.12 | $0.79 |
| 2023 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.63 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.05 | $0.05 | $0.06 | $0.46 |
| 2021 | $0.00 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.20 | $0.62 |
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 Short Duration High Yield 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 Short Duration High Yield Fund was 10.79%, occurring on Sep 29, 2022. Recovery took 295 trading sessions.
The current Lord Abbett Short Duration High Yield Fund drawdown is 0.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -10.79%Sep 2022 | 10mo 23d | 1y 2mo | 2y 21dNov 2021 - Dec 2023 |
2025 selloff2025 | -5.30%Apr 2025 | 1mo 5d | 2mo 4d | 3mo 9dMar 2025 - Jun 2025 |
2026 pullback2026 | -2.84%Mar 2026 | 1mo 13d | 18d | 2mo 1dFeb 2026 - Apr 2026 |
2020 pullback2020 | -2.00%Jun 2020 | 20d | 17d | 1mo 7dJun 2020 - Jul 2020 |
2020 pullback2020 | -1.87%Sep 2020 | 22d | 13d | 1mo 5dSep 2020 - Oct 2020 |
Drawdown Indicators
| LSYAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.79% | -56.78% | +45.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -9.10% | +6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.30% | -18.90% | +13.60% |
Max Drawdown (5Y)Largest decline over 5 years | -10.79% | -25.43% | +14.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.80% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -10.71% | +8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 2.03% | -1.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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