- What does LBNOX invest in?
- This fund primarily pursues its investment objective by dedicating a minimum of 80% of its net assets, including any funds borrowed for investment purposes, to a diverse range of bonds, debentures, and other fixed-income instruments. A notable portion of its portfolio may also be allocated to higher-yielding, lower-rated debt securities, commonly known as "junk bonds" or "below investment grade" bonds. Additionally, the fund is permitted to invest up to 20% of its net assets in equity securities, which may encompass common stocks, preferred stocks, convertible preferred stocks, and similar share types.
- What is the expense ratio of LBNOX?
- Lord Abbett Bond Debenture F3 (LBNOX) charges an expense ratio of 0.67%. This is the annual fee deducted from fund assets to cover management and operations.
- What is LBNOX's dividend yield?
- LBNOX's trailing-twelve-month yield is 6.43%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of LBNOX?
- Effective duration measures LBNOX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LBNOX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of LBNOX?
- LBNOX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of LBNOX?
- Yield to maturity (YTM) is the total return you'd earn from LBNOX if every bond in the portfolio is held to maturity at the current price. LBNOX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
