About LCRTX
The Lord Abbett Core Fixed Income Fund Class R5 is an actively managed mutual fund designed to provide current income with the potential for capital appreciation. As a core bond fund, it primarily invests in a diversified portfolio of fixed income securities, with an emphasis on investment-grade bonds, including U.S. Treasury, agency, corporate, and mortgage-backed securities. The fund typically maintains a broad credit quality distribution, using proprietary research to optimize risk and reward profiles across varied sectors of the fixed income market. With over 478 individual holdings and a total net asset base of approximately $4.5 billion as of May 2025, it targets exposure to a wide range of maturities and issuers, thereby seeking to reduce concentration risk and reinforce portfolio stability. The fund pays monthly dividends, reflecting its focus on current income generation. Benchmarked against the Bloomberg U.S. Aggregate Bond Index, it serves as a foundational holding for investors seeking core exposure to the U.S. fixed income market, and is notable for its competitive expense ratio, positioning it among cost-effective options in its category.
Fund Family Lord Abbett
Category Intermediate Core Bond
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol LCRTX
Share Class Class R5
Index Bloomberg U.S. Aggregate Bond TR
LCRTX had a total return of -0.26% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.39%.
