Estimated proceeds of $45,312
Lord, Abbett & Co. LLC, 90 Hudson Street, Jersey City, NJ 07302-3973, USA
Phone: 888-522-2388
| Category: | High Yield Bond | | Fund Family: | Lord Abbett | | Net Assets: | 186.05M | | Year-to-Date Return: | 24.27% | | Yield: | 9.16% | | Morningstar Rating: |  | | Fund Inception Date: | 31-Dec-98 |
|
Christopher J. Towle
Lead Manager since
31-Dec-98 | | | Mr. Towle joined Lord Abbett in 1987. He came to the firm from the American International Group where he held the position of Assistant Vice President and Portfolio Manager. Prior to that he worked as an Investment Officer and Analyst for Savings Bank Trust Company and a Senior Securities Trader for the Union Trust Company. Mr. Towle received his BA in economics from Rutgers University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1980. |
| Min Initial Investment: | $1,000 | | Min Initial Investment, IRA: | $250 | | Min Initial Investment, AIP: | $250 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $50 |
|
| |
| The investment seeks high current income and the opportunity for capital appreciation to produce a high total return. The fund normally invests in high-yield debt securities, sometimes called "lower-rated bonds" or "junk bond". It invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in lower-rated debt securities, some of which are convertible into common stock or have warrants to purchase common stock. The fund may invest up to 20% of net assets in foreign securities primarily traded outside the United States, and may invest up to 20% of net assets in municipal bonds. |
| Last Dividend
(6-Jul-09):
| 0.05 | | Last Cap Gain
(20-Dec-05):
| 0.05 | | Annual Holdings Turnover
| 98.56% | | Average for Category:
| 87.57% |
|
| Expense | LHYAX | Category
Avg | | Total Expense Ratio: | 0.98%
| 1.24% | | Max 12b1 Fee: | 0.35%
| N/A | | Max Front End Sales Load: | 4.75%
| 4.44% | | Max Deferred Sales Load: | %
| 2.69% | | 3 Yr Expense Projection*: |
$859 | $659 | | 5 Yr Expense Projection*: |
$1,139 | $1,029 | | 10 Yr Expense Projection*: |
$1,936 | $2,070 |
|
|
0.02 (0.27%)
