Currently, this fund is light on U.S. government holdings and heavy on corporate bonds and mortgage-backed securities. Last year was a banner year for the fund, as it finished near the top of its category with a return of 17 percent. The fund, which currently yields 4 percent, has gained an annualized 5 percent over the past decade. Its annual fees are 0.68 percent.
Read more about Lord Abbett Short-Duration Income.