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Lord Abbett Income R3 (LAURX) Fund Ranking and Research
Ranking, Research and Recommendation of Lord Abbett Income R3 (LAURX) Fund
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Last Trade: $ on , Change: (0%)
Fund Manager - Andrew A. OBrien
Fund Manager Information
Fund Manager Tenure: 21.9 yearsSimilar 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 21.9 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
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 |
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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 |
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% |
Top 10 Holdings in Lord Abbett Income R3 (LAURX) Fund
Discover what Lord Abbett Income R3 Fund (LAURX) manager is buying
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%] | 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%] | 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%] |
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