- ISIN
- US54401E4576
- Issuer
- Lord Abbett
- Inception Date
- Oct 17, 2016
- Category
- Ultrashort Bond
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
LUBYX Performance Chart
Lord Abbett Ultra Short Bond Fund (LUBYX) is up 1.3% since the beginning of the year. LUBYX is currently trading at $10 per share. Investors who bought $1,000 worth of LUBYX shares 5 years ago would now be looking at an investment worth $1,183.
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Returns By Period
Lord Abbett Ultra Short Bond Fund (LUBYX) has returned 1.34% so far this year and 4.30% over the past 12 months.
Lord Abbett Ultra Short Bond Fund
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.34%
- 6M
- 1.71%
- 1Y
- 4.30%
- 3Y*
- 5.26%
- 5Y*
- 3.41%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LUBYX Monthly Returns History
Based on dividend-adjusted daily data since Oct 27, 2016, LUBYX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 80% of months were positive and 20% were negative. The best month was Apr 2020 with a return of +1.2%, while the worst month was Mar 2020 at -1.6%. The longest winning streak lasted 30 consecutive months, and the longest losing streak was 10 months.
On a daily basis, LUBYX closed higher 10% of trading days. The best single day was Jul 31, 2024 with a return of +0.5%, while the worst single day was Mar 20, 2020 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.36% | 0.34% | 0.05% | 0.34% | 0.34% | -0.10% | 1.34% | ||||||
| 2025 | 0.41% | 0.49% | 0.31% | 0.40% | 0.40% | 0.49% | 0.30% | 0.60% | 0.38% | 0.28% | 0.47% | 0.36% | 4.99% |
| 2024 | 0.64% | 0.41% | 0.44% | 0.43% | 0.55% | 0.00% | 0.74% | 0.55% | 0.53% | 0.33% | 0.41% | 0.51% | 5.70% |
| 2023 | 0.82% | 0.31% | 0.34% | 0.10% | 0.26% | 0.38% | 0.60% | 0.41% | 0.41% | 0.41% | 0.71% | 0.73% | 5.60% |
| 2022 | -0.15% | -0.14% | -0.44% | -0.12% | -0.11% | -0.41% | 0.20% | 0.18% | -0.51% | 0.03% | 0.57% | 0.51% | -0.38% |
| 2021 | 0.04% | 0.04% | -0.06% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% | -0.05% | -0.05% | -0.05% | -0.02% | 0.07% |
Benchmark Metrics
Lord Abbett Ultra Short Bond Fund has an annualized alpha of 2.44%, beta of 0.00, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 27, 2016.
- This fund captured 5.97% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.14%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 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.
- Alpha
- 2.44%
- Beta
- 0.00
- R²
- 0.01
- Upside Capture
- 5.97%
- Downside Capture
- -3.14%
Expense Ratio
LUBYX has an expense ratio of 0.28%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LUBYX ranks 98 for risk / return — in the top 98% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lord Abbett Ultra Short Bond Fund (LUBYX) 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.
| LUBYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +7.25 | ||
| Omega ratioGain probability vs. loss probability | 3.35 | 1.37 | +1.98 |
| Calmar ratioReturn relative to maximum drawdown | 10.85 | 2.78 | +8.06 |
| Martin ratioReturn relative to average drawdown | 50.39 | 12.44 | +37.95 |
Dividends
Dividend History
Lord Abbett Ultra Short Bond Fund provided a 4.41% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.47 | $0.47 | $0.41 | $0.13 | $0.06 | $0.12 | $0.26 | $0.23 | $0.05 |
Dividend yield | 4.41% | 4.66% | 4.72% | 4.10% | 1.33% | 0.57% | 1.16% | 2.55% | 2.27% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.00 | $0.17 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.41 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.03 | $0.03 | $0.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.06 |
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 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.
The current Lord Abbett Ultra Short Bond Fund drawdown is 0.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -2.59%Mar 2020 | 15d | 2mo 6d | 2mo 21dMar 2020 - May 2020 |
Bear market2022 | -1.86%Oct 2022 | 1y 28d | 3mo 19d | 1y 4moSep 2021 - Jan 2023 |
2024 pullback2024 | -0.50%Dec 2024 | 2d | 10d | 12dDec 2024 - Dec 2024 |
2026 pullback2026 | -0.40%Mar 2026 | 17d | 11d | 28dMar 2026 - Mar 2026 |
2023 pullback2023 | -0.30%May 2023 | 20d | 6d | 26dMay 2023 - May 2023 |
Drawdown Indicators
| LUBYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.59% | -56.78% | +54.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -9.10% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -0.50% | -18.90% | +18.40% |
Max Drawdown (5Y)Largest decline over 5 years | -1.86% | -25.43% | +23.57% |
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 | -0.17% | -10.71% | +10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 2.03% | -1.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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