Lord Abbett High Yield Fund

Frequently Asked Questions About LHYVX

What does LHYVX invest in?

The Lord Abbett High Yield Fund's core investment strategy primarily involves allocating a substantial portion of its capital, specifically at least 80% of its net assets (and any borrowed funds used for investment), into lower-rated debt instruments. These include corporate bonds, as well as securities convertible into common stock or those offering warrants to purchase common stock. Beyond this core focus, the fund has the flexibility to commit a maximum of 20% of its net assets to international holdings. These international investments can encompass securities from emerging markets and American Depository Receipts (ADRs). Additionally, the fund may dedicate up to one-fifth of its net assets to municipal bonds.

What is the expense ratio of LHYVX?

Lord Abbett High Yield Fund (LHYVX) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations.

What is LHYVX's dividend yield?

LHYVX's trailing-twelve-month yield is 7.72%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of LHYVX?

Effective duration measures LHYVX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LHYVX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of LHYVX?

LHYVX'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 LHYVX?

Yield to maturity (YTM) is the total return you'd earn from LHYVX if every bond in the portfolio is held to maturity at the current price. LHYVX'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.