About LBNYX
Lord Abbett Bond Debenture Fund Class I is a mutual fund designed to provide high current income and long-term growth of capital through a diversified fixed-income strategy. It invests primarily in a mix of U.S. and non-U.S. high-yield corporate bonds, investment-grade corporates, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), bank loans, collateralized loan obligations (CLOs), private credit, municipals, sovereign debt, and cash equivalents. Typically holding 35% to 65% in non-investment-grade securities (junk bonds), the fund emphasizes high-yielding opportunities while balancing risk with investment-grade holdings across various maturities, averaging around 5 years in effective duration, life, and maturity. Managed actively with approximately 950 issues and total net assets exceeding $22 billion, it features an average yield to maturity of about 6.4% and a net expense ratio of 0.70%. Class I shares target institutional investors with a $1 million minimum initial investment, positioning the fund as a key player in the multisector bond category for income-focused portfolios seeking total return potential amid varying credit conditions.
Fund Family Lord Abbett
Category Multisector Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol LBNYX
Share Class Class I
Index Bloomberg U.S. Aggregate Bond TR
LBNYX had a total return of 1.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.91%.
