About LCROX
The Lord Abbett Core Fixed Income Fund Class F3 is a mutual fund designed to provide investors with current income and the opportunity for capital appreciation through an actively managed portfolio of fixed income securities. The fund primarily invests in a diverse range of debt instruments, including U.S. government securities, mortgage-backed securities (MBS), asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLO), bank loans, corporate bonds, sovereign debt, and cash equivalents. This broad allocation allows the fund to capture opportunities across various segments of the bond market while maintaining risk management through diversification.
A key characteristic of this share class is its low expense ratio of 0.30%, which positions it favorably against peers in cost-conscious portfolios. With an effective duration of approximately 6 years, the fund targets the intermediate maturity segment, making it suitable for investors seeking a balance between yield and interest rate risk. As of mid-2025, the fund offers an attractive yield profile, with a distribution yield near 4.8% and a history of monthly income distributions to shareholders. The Lord Abbett Core Fixed Income Fund Class F3 plays a pivotal role for investors aiming to stabilize their portfolios, manage interest rate exposure, and access a professionally managed core bond allocation within the broader fixed income market.
Fund Family Lord Abbett
Category Intermediate Core Bond
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol LCROX
Share Class Class F3
LCROX had a total return of 5.53% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.67%.
