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Lord Abbett Credit Opportunities Fund - Lord Abbett Credit Opportunities Fd USD Cls INST
mutual fund
LCRDX
Payout Change
Pending
Price as of:
$9.02
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
LCRDX (Mutual Fund)
Lord Abbett Credit Opportunities Fund - Lord Abbett Credit Opportunities Fd USD Cls INST
Payout Change
Pending
Price as of:
$9.02
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
LCRDX (Mutual Fund)
Lord Abbett Credit Opportunities Fund - Lord Abbett Credit Opportunities Fd USD Cls INST
Payout Change
Pending
Price as of:
$9.02
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Lord Abbett Credit Opportunities Fund - Lord Abbett Credit Opportunities Fd USD Cls INST
LCRDX | Fund
$9.02
-
10.47%
$0.94
3.79%
Vitals
YTD Return
11.4%
1 yr return
14.8%
3 Yr Avg Return
4.1%
5 Yr Avg Return
7.9%
Net Assets
$N/A
Holdings in Top 10
20.1%
52 WEEK LOW AND HIGH
$9.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 3.79%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Lord Abbett Credit Opportunities Fund - Lord Abbett Credit Opportunities Fd USD Cls INST
LCRDX | Fund
$9.02
-
10.47%
$0.94
3.79%
LCRDX - Profile
Distributions
- YTD Total Return 11.4%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 7.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 6.78%
- Dividend Yield 10.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLord Abbett Credit Opportunities Fund - Lord Abbett Credit Opportunities Fd USD Cls INST
-
Fund Family NameLord Abbett
-
Inception DateFeb 19, 2019
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey Lapin
Fund Description
LCRDX - Performance
Return Ranking - Trailing
| Period | LCRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.4% | -11.6% | 17.5% | 2.16% |
| 1 Yr | 14.8% | -8.3% | 20.4% | 2.78% |
| 3 Yr | 4.1%* | -16.9% | 16.4% | 10.44% |
| 5 Yr | 7.9%* | -14.5% | 14.0% | 1.62% |
| 10 Yr | N/A* | -7.3% | 6.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | LCRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.0% | -12.0% | 8.9% | 74.42% |
| 2022 | -16.9% | -31.8% | 18.4% | 85.15% |
| 2021 | 2.0% | -16.2% | 25.7% | 7.03% |
| 2020 | 3.8% | -31.1% | 18.7% | 26.29% |
| 2019 | N/A | -6.1% | 15.3% | N/A |
Total Return Ranking - Trailing
| Period | LCRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.4% | -11.6% | 17.5% | 2.16% |
| 1 Yr | 14.8% | -8.3% | 20.4% | 2.78% |
| 3 Yr | 4.1%* | -16.9% | 16.4% | 10.44% |
| 5 Yr | 7.9%* | -14.5% | 14.0% | 1.62% |
| 10 Yr | N/A* | -7.3% | 6.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | LCRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.0% | -6.9% | 22.2% | 11.71% |
| 2022 | -8.7% | -31.8% | 21.1% | 49.13% |
| 2021 | 13.9% | -13.5% | 49.9% | 1.96% |
| 2020 | 12.8% | -28.6% | 24.1% | 2.49% |
| 2019 | N/A | -4.8% | 19.1% | N/A |
NAV & Total Return History
LCRDX - Holdings
Concentration Analysis
| LCRDX | Category Low | Category High | LCRDX % Rank | |
|---|---|---|---|---|
| Net Assets | N/A | 2.63 M | 143 B | N/A |
| Number of Holdings | 137 | 4 | 9195 | 79.47% |
| Net Assets in Top 10 | 181 M | -204 M | 80.4 B | 48.21% |
| Weighting of Top 10 | 20.05% | 5.8% | 265.8% | 65.99% |
Top 10 Holdings
- Nabors Industries, Inc. 5.75% 2.46%
- Exeter Automobile Receivables Tr 2021-4 0% 2.30%
- Eskom Holdings SOC Limited 6.75% 2.14%
- AMC Entertainment Holdings Inc 12% 2.05%
- American Airlines Group Inc 3.75% 2.04%
- Independence Energy Finance LLC 7.25% 2.01%
- SPX Flow Incorporation 8.75% 2.01%
- Berry Petroleum Co LLC 7% 1.98%
- Vue International Bidco Plc 1.97%
- Vue International Bidco Plc 1.97%
Asset Allocation
| Weighting | Return Low | Return High | LCRDX % Rank | |
|---|---|---|---|---|
| Bonds | 91.10% | 0.00% | 199.60% | 47.12% |
| Convertible Bonds | 7.02% | 0.00% | 33.50% | 8.47% |
| Cash | 1.61% | -94.66% | 99.97% | 68.27% |
| Preferred Stocks | 0.13% | 0.00% | 26.42% | 29.55% |
| Other | 0.13% | -73.61% | 147.15% | 72.32% |
| Stocks | 0.01% | -6.18% | 99.66% | 69.05% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LCRDX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 63.47% |
| Technology | 0.00% | 0.00% | 28.30% | 54.57% |
| Real Estate | 0.00% | 0.00% | 100.00% | 61.59% |
| Industrials | 0.00% | 0.00% | 100.00% | 68.15% |
| Healthcare | 0.00% | 0.00% | 18.60% | 57.61% |
| Financial Services | 0.00% | 0.00% | 100.00% | 72.60% |
| Energy | 0.00% | 0.00% | 100.00% | 78.22% |
| Communication Services | 0.00% | 0.00% | 100.00% | 66.98% |
| Consumer Defense | 0.00% | 0.00% | 99.97% | 59.02% |
| Consumer Cyclical | 0.00% | 0.00% | 89.95% | 0.47% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 58.55% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LCRDX % Rank | |
|---|---|---|---|---|
| US | 0.01% | -6.18% | 99.66% | 65.79% |
| Non US | 0.00% | -0.26% | 17.73% | 37.01% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | LCRDX % Rank | |
|---|---|---|---|---|
| Corporate | 75.58% | 0.00% | 96.66% | 6.42% |
| Securitized | 22.82% | 0.00% | 99.65% | 37.88% |
| Cash & Equivalents | 1.60% | 0.00% | 94.89% | 63.49% |
| Derivative | 0.00% | -73.61% | 147.15% | 57.25% |
| Municipal | 0.00% | 0.00% | 54.26% | 51.20% |
| Government | 0.00% | 0.00% | 99.43% | 88.44% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | LCRDX % Rank | |
|---|---|---|---|---|
| US | 72.34% | 0.00% | 199.60% | 60.81% |
| Non US | 18.76% | 0.00% | 74.14% | 19.13% |
LCRDX - Expenses
Operational Fees
| LCRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 3.79% | 0.03% | 20.67% | 2.95% |
| Management Fee | 1.25% | 0.00% | 2.29% | 91.36% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.04% | 0.00% | 0.70% | 6.57% |
Sales Fees
| LCRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.50% | N/A |
Trading Fees
| LCRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | 10.00% |
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.
| LCRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 632.00% | 17.28% |
LCRDX - Distributions
Dividend Yield Analysis
| LCRDX | Category Low | Category High | LCRDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 10.47% | 0.00% | 23.30% | 1.54% |
Dividend Distribution Analysis
| LCRDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| LCRDX | Category Low | Category High | LCRDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 6.78% | -1.55% | 11.51% | 4.42% |
Capital Gain Distribution Analysis
| LCRDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 31, 2024 | $0.079 | OrdinaryDividend |
| Sep 30, 2024 | $0.065 | OrdinaryDividend |
| Aug 31, 2024 | $0.065 | OrdinaryDividend |
| Jul 31, 2024 | $0.085 | OrdinaryDividend |
| Jun 30, 2024 | $0.067 | OrdinaryDividend |
| Apr 30, 2024 | $0.094 | OrdinaryDividend |
| Mar 31, 2024 | $0.076 | OrdinaryDividend |
| Feb 29, 2024 | $0.078 | OrdinaryDividend |
| Jan 31, 2024 | $0.086 | OrdinaryDividend |
| Dec 31, 2023 | $0.072 | OrdinaryDividend |
| Nov 30, 2023 | $0.065 | OrdinaryDividend |
| Oct 31, 2023 | $0.078 | OrdinaryDividend |
| Sep 30, 2023 | $0.065 | OrdinaryDividend |
| Aug 31, 2023 | $0.067 | OrdinaryDividend |
| Jul 31, 2023 | $0.069 | OrdinaryDividend |
| Jun 30, 2023 | $0.079 | OrdinaryDividend |
| May 31, 2023 | $0.073 | OrdinaryDividend |
| Apr 30, 2023 | $0.075 | OrdinaryDividend |
| Mar 31, 2023 | $0.070 | OrdinaryDividend |
| Feb 28, 2023 | $0.069 | OrdinaryDividend |
| Jan 31, 2023 | $0.065 | OrdinaryDividend |
| Dec 31, 2022 | $0.061 | OrdinaryDividend |
| Dec 20, 2022 | $0.107 | OrdinaryDividend |
| Nov 30, 2022 | $0.061 | OrdinaryDividend |
| Oct 31, 2022 | $0.067 | OrdinaryDividend |
| Sep 30, 2022 | $0.066 | OrdinaryDividend |
| Aug 31, 2022 | $0.066 | OrdinaryDividend |
| Jul 31, 2022 | $0.067 | OrdinaryDividend |
| Jul 28, 2022 | $0.030 | OrdinaryDividend |
| Jun 30, 2022 | $0.065 | OrdinaryDividend |
| May 31, 2022 | $0.071 | OrdinaryDividend |
| Apr 30, 2022 | $0.064 | OrdinaryDividend |
| Mar 31, 2022 | $0.063 | OrdinaryDividend |
| Feb 28, 2022 | $0.056 | OrdinaryDividend |
| Jan 31, 2022 | $0.058 | OrdinaryDividend |
| Dec 31, 2021 | $0.060 | OrdinaryDividend |
| Dec 17, 2021 | $0.352 | OrdinaryDividend |
| Nov 30, 2021 | $0.064 | OrdinaryDividend |
| Oct 31, 2021 | $0.062 | OrdinaryDividend |
| Sep 30, 2021 | $0.066 | OrdinaryDividend |
| Aug 31, 2021 | $0.071 | OrdinaryDividend |
| Jul 31, 2021 | $0.071 | OrdinaryDividend |
| Jul 29, 2021 | $0.042 | OrdinaryDividend |
| Jun 30, 2021 | $0.064 | OrdinaryDividend |
| May 31, 2021 | $0.074 | OrdinaryDividend |
| Apr 30, 2021 | $0.054 | OrdinaryDividend |
| Mar 31, 2021 | $0.056 | OrdinaryDividend |
| Feb 28, 2021 | $0.054 | OrdinaryDividend |
| Jan 31, 2021 | $0.054 | OrdinaryDividend |
| Dec 31, 2020 | $0.046 | OrdinaryDividend |
| Nov 30, 2020 | $0.074 | OrdinaryDividend |
| Oct 30, 2020 | $0.062 | OrdinaryDividend |
| Sep 30, 2020 | $0.068 | OrdinaryDividend |
| Aug 31, 2020 | $0.061 | OrdinaryDividend |
| Jul 31, 2020 | $0.064 | OrdinaryDividend |
| Jun 30, 2020 | $0.065 | OrdinaryDividend |
| May 29, 2020 | $0.057 | OrdinaryDividend |
| Apr 30, 2020 | $0.064 | OrdinaryDividend |
| Mar 31, 2020 | $0.067 | OrdinaryDividend |
| Feb 28, 2020 | $0.067 | OrdinaryDividend |
| Jan 31, 2020 | $0.079 | OrdinaryDividend |
| Dec 18, 2019 | $0.005 | OrdinaryDividend |
| Dec 18, 2019 | $0.002 | CapitalGainLongTerm |
LCRDX - Fund Manager Analysis
Managers
Jeffrey Lapin
Start Date
Tenure
Tenure Rank
Feb 21, 2019
3.27
3.3%
Mr. Lapin joined Lord Abbett in 2012 as a portfolio manager for Lord Abbett’s taxable fixed-income strategies, and was named Partner in 2016. He began his career in the financial services industry in 1997. Previously, he was Managing Director and Head of European Market Credit Coverage at Post Advisory Group. His prior experience also includes serving as Partner, Co-Portfolio Manager at Tablerock Fund Management, LLC; Analyst at Avenue Capital Management, LLC; and Research Analyst at M.J. Whitman, Inc. He earned an AB from Georgetown University, an MBA from New York University’s Leonard N. Stern School of Business, and a JD from Northwestern University’s School of Law.
Kewjin Yuoh
Start Date
Tenure
Tenure Rank
Feb 21, 2019
3.27
3.3%
Mr. Yuoh is a portfolio manager for the taxable fixed income strategies. Mr. Yuoh joined Lord Abbett in 2010, and was named Partner in 2012. His prior experience includes: Senior Vice President – Director of Fundamental Research and Senior Portfolio Manager at Alliance Bernstein, LLP; Vice President – Senior Portfolio Manager at Credit Suisse Asset Management; and Mortgage-Backed Securities Portfolio Manager at Sanford C. Bernstein & Co., Inc. Mr. Yuoh received a BS from Cornell University and has been in the investment business since 1994.
Adam Castle
Start Date
Tenure
Tenure Rank
May 31, 2021
1.0
1.0%
Mr. Castle joined Lord Abbett in 2015. Mr. Castle was formerly Vice President at Credit Suisse from 2013 to 2015 and Assistant Vice President at AllianceBernstein from 2008 to 2013.
Eric Kang
Start Date
Tenure
Tenure Rank
May 31, 2021
1.0
1.0%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.71 | 3.19 |
