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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Lord Abbett High Yield Fund

LHYAX | Fund

$6.27

$5.6 B

6.01%

$0.38

0.88%

Vitals

YTD Return

-16.4%

1 yr return

-6.6%

3 Yr Avg Return

2.3%

5 Yr Avg Return

2.7%

Net Assets

$5.6 B

Holdings in Top 10

5.9%

52 WEEK LOW AND HIGH

$6.2
$6.16
$7.63

Expenses

OPERATING FEES

Expense Ratio 0.88%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 113.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,500

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Lord Abbett High Yield Fund

LHYAX | Fund

$6.27

$5.6 B

6.01%

$0.38

0.88%

LHYAX - Profile

Distributions

  • YTD Total Return -16.4%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.59%
DIVIDENDS
  • Dividend Yield 6.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett High Yield Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Dec 31, 1998
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steven Rocco

Fund Description

The fund normally pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rated debt securities, including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock. It may invest up to 20% of its net assets in foreign securities (including emerging market securities and American Depository Receipts ("ADRs")). The fund may invest up to 20% of its net assets in municipal securities.

LHYAX - Performance

Return Ranking - Trailing

Period LHYAX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.4% -57.5% 9.6% 88.42%
1 Yr -6.6% -37.5% 44.9% 80.59%
3 Yr 2.3%* -25.4% 17.4% 64.83%
5 Yr 2.7%* -15.8% 13.4% 60.33%
10 Yr 5.4%* 0.4% 9.0% 12.80%

* Annualized

Return Ranking - Calendar

Period LHYAX Return Category Return Low Category Return High Rank in Category (%)
2021 1.1% -47.5% 15.2% 18.69%
2020 -1.1% -56.9% 399.1% 66.23%
2019 8.9% -53.7% 226.1% 26.85%
2018 -10.5% -33.7% 2.0% 91.81%
2017 2.5% -9.5% 18.8% 15.64%

Total Return Ranking - Trailing

Period LHYAX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.4% -57.5% 9.6% 86.68%
1 Yr -8.7% -37.5% 52.4% 86.38%
3 Yr 1.6%* -25.4% 16.3% 79.61%
5 Yr 2.2%* -15.8% 12.7% 73.96%
10 Yr 5.2%* 0.4% 9.0% 19.30%

* Annualized

Total Return Ranking - Calendar

Period LHYAX Return Category Return Low Category Return High Rank in Category (%)
2021 1.1% -47.5% 15.2% 18.83%
2020 -1.1% -56.9% 399.1% 66.23%
2019 8.9% -53.7% 226.1% 29.11%
2018 -10.5% -33.7% 2.0% 93.10%
2017 2.5% -9.4% 18.8% 33.04%

NAV & Total Return History

LHYAX - Holdings

Concentration Analysis

LHYAX Category Low Category High LHYAX % Rank
Net Assets 5.6 B 1.47 M 26.2 B 8.61%
Number of Holdings 687 2 2736 16.01%
Net Assets in Top 10 345 M -492 M 2.55 B 16.39%
Weighting of Top 10 5.94% 3.0% 100.0% 92.98%

Top 10 Holdings

  1. Ford Motor Company 9% 0.95%
  2. Sprint Capital Corporation 6.88% 0.91%
  3. Occidental Petroleum Corporation 6.13% 0.90%
  4. DISH DBS Corporation 7.75% 0.86%
  5. Kraft Heinz Foods Company 4.38% 0.70%
  6. Tesla Inc 5.3% 0.69%
  7. Ford Motor Company 3.25% 0.68%
  8. Tesla Inc 2% 0.63%
  9. CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% 0.59%
  10. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.13% 0.59%

Asset Allocation

Weighting Return Low Return High LHYAX % Rank
Bonds 		98.12% 0.00% 154.38% 13.80%
Stocks 		1.17% -0.60% 52.82% 26.46%
Convertible Bonds 		0.51% 0.00% 17.89% 76.24%
Preferred Stocks 		0.12% 0.00% 14.10% 38.37%
Cash 		0.07% -52.00% 100.00% 86.79%
Other 		0.01% -63.70% 32.06% 26.05%

Stock Sector Breakdown

Weighting Return Low Return High LHYAX % Rank
Consumer Cyclical 		33.98% 0.00% 100.00% 7.52%
Energy 		33.74% 0.00% 100.00% 48.30%
Real Estate 		16.27% 0.00% 86.71% 4.85%
Basic Materials 		16.01% 0.00% 100.00% 7.77%
Utilities 		0.00% 0.00% 100.00% 58.01%
Technology 		0.00% 0.00% 34.19% 58.98%
Industrials 		0.00% 0.00% 100.00% 60.19%
Healthcare 		0.00% 0.00% 30.07% 52.67%
Financial Services 		0.00% 0.00% 100.00% 58.74%
Communication Services 		0.00% 0.00% 99.99% 70.39%
Consumer Defense 		0.00% 0.00% 100.00% 53.88%

Stock Geographic Breakdown

Weighting Return Low Return High LHYAX % Rank
US 		1.17% -0.60% 47.59% 25.67%
Non US 		0.00% -0.01% 9.63% 61.37%

Bond Sector Breakdown

Weighting Return Low Return High LHYAX % Rank
Corporate 		97.82% 0.00% 100.00% 21.12%
Securitized 		2.05% 0.00% 97.24% 15.90%
Cash & Equivalents 		0.09% 0.00% 99.98% 93.26%
Government 		0.04% 0.00% 99.07% 31.42%
Derivative 		0.00% 0.00% 45.95% 56.87%
Municipal 		0.00% 0.00% 1.17% 47.07%

Bond Geographic Breakdown

Weighting Return Low Return High LHYAX % Rank
US 		80.96% 0.00% 150.64% 48.03%
Non US 		17.16% 0.00% 96.17% 19.95%

LHYAX - Expenses

Operational Fees

LHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.02% 4.67% 45.30%
Management Fee 0.52% 0.00% 1.84% 40.61%
12b-1 Fee 0.20% 0.00% 1.00% 18.38%
Administrative Fee 0.04% 0.00% 0.50% 15.79%

Sales Fees

LHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.00% 5.75% 87.05%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

LHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 113.00% 1.00% 327.00% 89.76%

LHYAX - Distributions

Dividend Yield Analysis

LHYAX Category Low Category High LHYAX % Rank
Dividend Yield 6.01% 0.00% 30.27% 15.55%

Dividend Distribution Analysis

LHYAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LHYAX Category Low Category High LHYAX % Rank
Net Income Ratio 4.59% -2.39% 14.30% 39.03%

Capital Gain Distribution Analysis

LHYAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

LHYAX - Fund Manager Analysis

Managers

Steven Rocco

Start Date

Tenure

Tenure Rank

Dec 08, 2010

11.48

11.5%

Mr. Rocco is Partner and Director of Taxable Fixed Income of Lord Abbett. Mr. Rocco is a lead portfolio manager for the high yield fixed income strategy and also contributes as portfolio manager to the multi-sector fixed-income strategy. Mr. Rocco joined Lord Abbett in 2004 and was named Partner in 2011. Mr. Rocco joined Lord Abbett as an associate portfolio manager and then transitioned to lead portfolio manager for our short duration and corporate bond strategies. He was previously a Consultant at FactSet. Mr. Rocco received a BA from Cornell University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 2001.

Robert Lee

Start Date

Tenure

Tenure Rank

Oct 15, 2013

8.63

8.6%

Robert A. Lee is a Partner and Chief Investment Officer at the Lord Abbett & Company. Mr. Lee joined Lord Abbett in 1997 and was named Partner in 2002. His prior experience includes: Portfolio Manager and Vice President at ARM Capital Advisors; Assistant Portfolio Manager and Assistant Vice President at Kidder Peabody Asset Management; and Fixed Income Research Analyst at The First Boston Corporation. Mr. Lee received a BS from the University of Pennsylvania. He has been in the investment business since 1991.

Christopher Gizzo

Start Date

Tenure

Tenure Rank

Apr 01, 2018

4.17

4.2%

Christopher J. Gizzo, Portfolio Manager, has joined Lord Abbett in 2008.

Karen Gunnerson

Start Date

Tenure

Tenure Rank

Apr 01, 2021

1.16

1.2%

Karen Gunnerson is responsible for contributing to the management for the firm’s taxable-fixed income strategies with a focus on high yield and bank loan securities. Ms. Gunnerson joined Lord Abbett in 2017. Her previous experience includes serving as Investment Grade Credit Desk Strategist at RBC Capital Markets, and as a Corporate Credit Risk Associate at Bank of America Merrill Lynch. She has worked in the financial services industry since 2010. She earned a BS in finance from the Warrington College of Business at the University of Florida.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.16 2.92

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