About LBNTX
Lord Abbett Bond Debenture Fund Class R5 is a mutual fund that seeks high current income and the opportunity for capital appreciation to produce a high total return. It invests primarily in a diversified portfolio of fixed-income securities, including U.S. and non-U.S. high yield corporate bonds, investment grade corporate bonds, mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, bank loans, collateralized loan obligations, sovereign debt, municipals, and a small allocation to equities. The fund features monthly dividend distributions, an average effective duration of around five years, and a broad maturity distribution across short, intermediate, and long-term instruments. With nearly a thousand holdings, it emphasizes credit sectors ranging from investment grade to high yield and junk bonds, alongside opportunistic exposures to private credit and floating rate loans. Launched in 2015, this R5 share class targets institutional and advisor channels, playing a key role in multi-sector bond strategies for income-focused investors navigating varied interest rate and credit environments.
Fund Family Lord Abbett
Category Multisector Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol LBNTX
Share Class Class R5
Index Bloomberg U.S. Aggregate Bond TR
LBNTX had a total return of 1.16% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.74%.
