About LBNDX
Lord Abbett Bond Debenture Fund Class A is a mutual fund that seeks high current income and long-term growth of capital through investments primarily in a diversified portfolio of fixed income securities and select equity-related instruments. It focuses on U.S. high-yield securities, often referred to as junk bonds rated BB/Ba or lower, alongside U.S. investment grade corporate bonds, convertible securities, and foreign securities including those from emerging markets. The fund also incorporates mortgage-backed securities, asset-backed securities, government bonds, bank loans, collateralized loan obligations, and structured products, with allocations across various maturities and credit qualities. This multisector bond approach provides exposure to high-yield corporates, sovereign debt, commercial mortgage-backed securities, and non-U.S. issuers, while maintaining some liquidity in cash equivalents and ensuring at least 20% in investment grade debt, U.S. government securities, or equivalents under normal conditions. Managed by Lord Abbett since 1971 and headquartered in the United States, the fund pays dividends monthly and employs active management to navigate opportunities in the fixed income markets.
Fund Family Lord Abbett
Category Multisector Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol LBNDX
Share Class Class A
Index Bloomberg U.S. Aggregate Bond TR
LBNDX had a total return of 7.52% in the past year, including dividends.
Since the fund's inception, the average annual return has been 5.69%.
