- What does LCRDX invest in?
- Actively managed, diversified, closed-end interval fund seeking total return through flexible credit investing. Invests at least 80% of net assets across corporate, sovereign, municipal, and structured product sectors as well as bank loans, private credit, convertibles, and select emerging market debt. May invest in any credit quality, maturity, or duration including high-yield and distressed instruments. Institutional Class requires minimum $1 million initial investment. Offers limited quarterly liquidity via repurchase offers.
- What is the expense ratio of LCRDX?
- Lord Abbett Credit Opportunities Fund (LCRDX) charges an expense ratio of 1.35%. This is the annual fee deducted from fund assets to cover management and operations.
- What is LCRDX's dividend yield?
- LCRDX's trailing-twelve-month yield is 10.88%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of LCRDX?
- Effective duration measures LCRDX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LCRDX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of LCRDX?
- LCRDX'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 LCRDX?
- Yield to maturity (YTM) is the total return you'd earn from LCRDX if every bond in the portfolio is held to maturity at the current price. LCRDX'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.
