Lord Abbett Income R3 (LAURX) Fund Ranking and Research

Ranking, Research and Recommendation of Lord Abbett Income R3 (LAURX) Fund

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Fund Manager - Andrew A. OBrien

Fund Manager Information

Fund Manager Tenure: 21.6 years
Similar Funds: LAUFX  LAUQX  LAUSX  LAUYX 
Fund Family: Lord Abbett
Fund Category: Corporate Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.61)     (What does this score mean?)

 

Lord Abbett Income R3 Fund (LAURX) Profile

Fund Profile and Description

Lord Abbett Income R3 Funds seek a high level of income consistent with preservation of capital. Lord Abbett Income R3 Fund invests at least 65% of net assets in investment grade debt securities of various types, which may include investment grade corporate debt securities (including those issued by non-U.S. entities but denominated in U.S. dollars), U.S. government securities and mortgage- and other asset-backed securities. It may invest up to 35% of net assets in lower-rated debt securities, non-U.S. debt securities denominated in foreign currencies, floating or adjustable rate senior loans, convertible securities and preferred stocks.

 

 What we like about Lord Abbett Income R3 (LAURX) Fund

Data for Lord Abbett Income R3 Fund (LAURX) as of May 30, 2016

• Lord Abbett Income R3 Fund (LAURX) management has been with Lord Abbett Income R3 Fund for 21.6 years
• Lord Abbett Income R3 Fund (LAURX) ratio of up-years vs down years is greater than 2
• Asset base in Lord Abbett Income R3 Fund (LAURX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support

 What we are cautious about Lord Abbett Income R3 (LAURX) Fund

Data for Lord Abbett Income R3 Fund (LAURX) as of May 30, 2016

• Lord Abbett Income R3 Fund (LAURX) has a less-than-ideal short-term performance (1-year return 0.26% vs 2.33% Corporate Bond category median performance)
• Lord Abbett Income R3 Fund (LAURX) has a less-than-ideal mid-term performance (3-year return 2.63% vs 3.05% Corporate Bond category median performance)
• Lord Abbett Income R3 Fund (LAURX) has a less-than-ideal Long-term performance (5-year return 4.23% vs 4.51% Corporate Bond category median performance)
• Lord Abbett Income R3 Fund (LAURX) has a Morningstar rating of 3 and below
• Lord Abbett Income R3 Fund (LAURX) is less safe compared to its Corporate Bond peers
• Lord Abbett Income R3 Fund (LAURX) has an annual stock turnover rate of 163.22% that is higher than the Corporate Bond average of 62.08%. This could mean Lord Abbett Income R3 is more nimble, but also signal potential high tax impact and high trading fees
• Lord Abbett Income R3 Fund (LAURX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.63 that is higher than category average of 4.51
• Lord Abbett Income R3 Fund (LAURX) has a higher expense ratio of 1.08% than its Corporate Bond average of 0.87%
• Even though Lord Abbett Income R3 Fund carries no load, it does have a 0.50% of 12b1 promotion, distributions, marketing expenses

See Lord Abbett Income R3 Fund (LAURX) performance details as of May 30, 2016

 

What do you think?

 

Compare with other top Corporate Bond category mutual funds

Aadditional top Corporate Bond mutual funds for your consideration

Fund	Year to Date	1 Year	3 year	5 year
Lord Abbett Income R3	5.15	0.26	2.63	4.23
Morgan Stanley Inst Corporate Bond A (MIGAX)	10.68	7.41	5.14	5.83	Compare
Western Asset Corporate Bond I (SIGYX)	5.28	2.91	4.65	5.54	Compare
Vanguard Long-Term Investment-Grade Adm (VWETX)	8.89	8.30	6.59	8.09	Compare

See top fund managers for Corporate Bond Category Funds

 

Compare with Corporate Bond category ETFs

Some Corporate Bond ETFs for your consideration

ETF	Year to Date	One Year	Three Year
Vanguard Long-Term Corporate Bond ETF (VCLT)	9.19%	6.65%	5.84%
iShares 10+ Year Credit Bond (CLY)	9.16%	5.38%	5.02%
PIMCO Investment Grade Corporate Bd ETF (CORP)	6.10%	4.37%	4.08%
Vanguard Intermediate-Term Corp Bd ETF (VCIT)	5.00%	4.25%	4.10%
FlexShares Credit-Scored US Corp Bd ETF (SKOR)	3.56%	3.30%	NaN

 

Lord Abbett Income R3 (LAURX) Fund Net Asset

Track net asset change of Lord Abbett Income R3 fund (LAURX)

Date	Net Asset
05/2016	$1.81B
03/2016	$1.79B
02/2016	$1.75B

More historic net asset information on Lord Abbett Income R3 Fund (LAURX)

  

Lord Abbett Income R3 (LAURX) Fund Portfolio Allocation

Track portfolio allocation change of Lord Abbett Income R3 fund (LAURX)

Date	Cash	Stock	Bond	Other
03/2016	0.46%	0%	97.16%	1.26%
12/2015	0.4%	0%	96.8%	1.42%
09/2015	1.19%	0%	95.65%	1.78%

Click here to see more historic asset allocation information on Lord Abbett Income R3 Fund (LAURX)

 

Top 10 Holdings in Lord Abbett Income R3 (LAURX) Fund

Discover what Lord Abbett Income R3 Fund (LAURX) manager is buying

Mar 30, 2016 Gte 6.94% [2.62%] US Treasury Note 1.25% [2.46%] FNMA [1.62%] At&T 6.3% [1.36%] Amgen 6.4% [1.1%] Verizon Global Fdg 5.85% [1.03%] US Treasury Note 1.75% [0.94%] 21st Centy Fox Amer 0.03% [0.91%] At&T 6.5% [0.9%]

Dec 30, 2015 Gte 6.94% [2.47%] US Treasury Note 1.625% [2.23%] FHLMC 3.5% [1.84%] FNMA [1.52%] At&T 6.3% [1.44%] US Treasury Note 1.375% [1.03%] Amgen 6.4% [1%] Amazon Com 4.8% [0.86%] Prudential Finl FRN [0.86%]

Sep 29, 2015 Gte 6.94% [2.32%] Fed Natl Mort Assc 3.5% [1.53%] At&T 6.3% [1.48%] US Treasury Note 1.375% [1.15%] Amgen 6.4% [0.9%] Prudential Finl FRN [0.87%] Amazon Com 4.8% [0.85%] 21st Centy Fox Amer 0.03% [0.84%] El Paso Engy Corp Mtn Be 7.75% [0.83%]

Click here for Stock Holding Change Map in Lord Abbett Income R3 Fund (LAURX)

  

Latest News on Lord Abbett Income R3 (LAURX) Fund

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Popular pages on Lord Abbett Income R3 (LAURX) Fund

• Lord Abbett Income R3 (LAURX) Fund Research and Recommendation
• Lord Abbett Income R3 (LAURX) Fund Performance Data
• Lord Abbett Income R3 (LAURX) Fund Manager Information
• Historic Lord Abbett Income R3 (LAURX) Fund Asset Allocation Report
• Historic Lord Abbett Income R3 (LAURX) Fund Top 10 Holding Tracking
• Historic Lord Abbett Income R3 (LAURX) Fund Asset Under Management Tracking