Lord Abbett Bond Debenture Fund

Scorecard
4 / 5 Stars
Lipper
5 5 2 4 1
Zacks Investment Research
2 (Buy)
Standard & Poor's
5 / 5 Stars
TheStreet.com
C+ (Hold)

U.S. News evaluated 82 Multisector Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 9.12 percent over the past year, 8.18 percent over the past three years, 14.86 percent over the past five years, and 7.33 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.0%
1 Year 9.1%
3 Years (Annualized) 8.2%
5 Years (Annualized) 14.9%
10 Years (Annualized) 7.3%

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Summary

The investment seeks high current income and the opportunity for capital appreciation to produce a high total return. To pursue its objective under normal market conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds, debentures and other fixed income securities. It may invest a substantial portion of its net assets in high-yield securities (commonly referred to as "below investment grade" or "junk" bonds). High-yield securities are rated BB/Ba or lower by a rating agency, or are unrated but determined by Lord Abbett to be of comparable quality.

Fees

Fees are Below Average compared to funds in the same category.
Lord Abbett Bond Debenture Fund has an expense ratio of 0.71 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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