Lord Abbett Ultra Short Bond Fund (LUBYX)
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 investment grade debt securities of various types. It invests only in debt securities rated investment grade at the time of purchase or determined by Lord Abbett to be of comparable quality.
Fund Info
| ISIN | US54401E4576 |
|---|---|
| Issuer | Lord Abbett |
| Inception Date | Oct 17, 2016 |
| Category | Ultrashort Bond |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
LUBYX has a high expense ratio of 0.28%, 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 Ultra Short 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
Lord Abbett Ultra Short Bond Fund had a return of 2.48% year-to-date (YTD) and 6.10% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.48% | 8.76% |
| 1 month | 0.54% | -0.28% |
| 6 months | 3.42% | 18.36% |
| 1 year | 6.10% | 25.94% |
| 5 years (annualized) | 2.31% | 12.51% |
| 10 years (annualized) | N/A | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.07% | 0.42% | 0.00% | 0.88% | ||||||||
| 2023 | 0.82% | 0.71% | 0.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of LUBYX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
LUBYX (Lord Abbett Ultra Short Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett Ultra Short Bond Fund (LUBYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Ultra Short Bond Fund granted a 4.88% dividend yield in the last twelve months. The annual payout for that period amounted to $0.49 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.44 | $0.21 | $0.07 | $0.12 | $0.25 | $0.23 | $0.05 |
Dividend yield | 4.88% | 4.46% | 2.15% | 0.73% | 1.15% | 2.54% | 2.26% | 0.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Ultra Short 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | ||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.06 |
| 2021 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 |
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 Ultra Short 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 Ultra Short Bond Fund was 2.59%, occurring on Mar 24, 2020. Recovery took 46 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.59% | Mar 9, 2020 | 12 | Mar 24, 2020 | 46 | May 29, 2020 | 58 |
| -1.53% | Sep 8, 2021 | 200 | Jun 21, 2022 | 135 | Dec 30, 2022 | 335 |
| -0.43% | Apr 29, 2024 | 1 | Apr 29, 2024 | 1 | Apr 30, 2024 | 2 |
| -0.3% | May 12, 2023 | 10 | May 25, 2023 | 3 | May 31, 2023 | 13 |
| -0.2% | Mar 27, 2023 | 2 | Mar 28, 2023 | 3 | Mar 31, 2023 | 5 |
Volatility
Volatility Chart
The current Lord Abbett Ultra Short Bond Fund volatility is 0.80%, 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.