About LAPLX
Lord Abbett Core Plus Bond Fund Class A is a mutual fund focused on delivering both income and capital appreciation through an actively managed portfolio. Its primary purpose is to achieve a high total return by investing in a diverse mix of fixed income securities, predominantly in investment-grade debt. The fund employs a core-plus strategy, meaning it maintains a core allocation to U.S. investment-grade bonds while selectively incorporating higher-yielding, non-investment-grade, and non-U.S. debt instruments to enhance potential returns. This approach allows for flexibility to adapt to changing market conditions and can access opportunities across sectors such as government, corporate, mortgage-backed, and international bonds. With an inception date in 2015 and over $1.3 billion in assets under management, the fund plays a significant role within the intermediate-term bond category, providing investors exposure to traditional core bonds while offering possible incremental yield from a wider set of opportunities. The fund is managed by Lord Abbett, a well-established asset manager, and is structured for investors seeking income, diversification, and a strategic mix within the fixed income universe.
Fund Family Lord Abbett
Category Intermediate Core-Plus Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol LAPLX
Share Class Class A
Index Bloomberg U.S. Aggregate Bond TR
LAPLX had a total return of -2.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.68%.
