About LDLTX
Lord Abbett Short Duration Income Fund Class R5 is an actively managed mutual fund focused on generating a high level of current income while emphasizing preservation of capital. The strategy invests primarily in short‑maturity debt, maintaining an average dollar‑weighted duration typically between one and three years to help manage interest‑rate sensitivity. The portfolio spans investment‑grade corporate bonds alongside diversified exposure to securitized sectors such as asset‑backed securities, commercial and residential mortgage‑backed securities, collateralized loan obligations, and select government‑related debt. The fund may also use derivatives, including futures, forwards, options, and swaps, to hedge risks, manage duration, or efficiently gain exposure. With an expense ratio listed at 0.38% for this share class, the product is designed to provide broad short‑term credit exposure with disciplined risk controls. Its mandate and sector mix position it as a core short‑term bond holding for investors seeking income with lower duration risk relative to intermediate bond funds, supported by a large, diversified holdings base and ongoing active allocation across credit and securitized markets.
Fund Family Lord Abbett
Category Short-Term Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol LDLTX
Share Class Class R5
Index ICE BofA U.S. Corporates 1-3 Years TR
LDLTX had a total return of 3.54% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.95%.
