4 / 5 Stars
5 5 3 4 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#2 in Corporate Bond
U.S. News evaluated 47 Corporate Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 1.34 percent over the past year, 6.56 percent over the past three years, 11.46 percent over the past five years, and 6.21 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.1%|
|3 Years (Annualized)||6.6%|
|5 Years (Annualized)||11.5%|
|10 Years (Annualized)||6.2%|
The investment seeks a high level of income consistent with preservation of capital. The fund invests at least 65% of net assets in investment grade debt securities including securities issued or guaranteed by the U.S. government, its agencies or government-sponsored enterprises; debt securities of U.S. issuers; debt securities of non-U.S. issuers that are denominated in U.S. dollars; mortgage-backed and other asset-backed securities; and inflation-linked investments. In addition, the fund may invest in derivatives. Currently, it expects to invest in derivatives consisting principally of futures, forwards, options, and swaps.
Fees are Above Average compared to funds in the same category.
Lord Abbett Income Fund has an expense ratio of 0.80 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.