Lord Abbett Ultra Short Bond Fund - Class A

Frequently Asked Questions About LUBAX

What does LUBAX invest in?

As a standard practice, the fund commits a minimum of 80% of its net assets – including any capital raised through borrowing for investment purposes – to a diversified array of high-quality debt instruments. Its portfolio is exclusively comprised of fixed-income securities that carry an investment-grade rating at the time of acquisition, or those that Lord Abbett independently assesses as possessing equivalent creditworthiness.

What is the expense ratio of LUBAX?

Lord Abbett Ultra Short Bond Fund - Class A (LUBAX) charges an expense ratio of 0.44%. This is the annual fee deducted from fund assets to cover management and operations.

What is LUBAX's dividend yield?

LUBAX's trailing-twelve-month yield is 4.08%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of LUBAX?

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

What is the credit quality of LUBAX?

LUBAX'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 LUBAX?

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