Lord Abbett Bond-Debenture P (LBNPX) Fund Ranking and Research

Ranking, Research and Recommendation of Lord Abbett Bond-Debenture P (LBNPX) Fund

Last Trade: $ on , Change: (0%)

 

Fund Manager - Steven F. Rocco

Fund Manager Information

Fund Manager Tenure: 4.9 years
Similar Funds: LBNBX  LBNDX  LBNQX  LBNRX  LBNYX 
Fund Family: Lord Abbett
Fund Category: Multisector Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.69)     (What does this score mean?)

 

Lord Abbett Bond-Debenture P Fund (LBNPX) Profile

Fund Profile and Description

Lord Abbett Bond-Debenture P Fund seeks high current income and a high total return. Lord Abbett Bond-Debenture P Fund invests at least 80% of net assets in bonds, debentures and other fixed-income securities. It invests at least 20% of net assets in any combination of investment-grade debt securities, U.S. government securities and cash equivalents. Lord Abbett Bond-Debenture P Fund may invest up to 20% of net assets in equity securities, including common stocks, preferred stocks, convertible preferred stocks, warrants and similar instruments. It may invest up to 20% of its net assets in foreign securities.

 

 What we like about Lord Abbett Bond-Debenture P (LBNPX) Fund

Data for Lord Abbett Bond-Debenture P Fund (LBNPX) as of May 30, 2016

• Lord Abbett Bond-Debenture P Fund (LBNPX) management has been with Lord Abbett Bond-Debenture P Fund for 4.9 years
• Lord Abbett Bond-Debenture P Fund (LBNPX) has good mid-term performance (3-year return 3.47% vs 1.94% Multisector Bond category median performance)
• Lord Abbett Bond-Debenture P Fund (LBNPX) has good Long-term performance (5-year return 5.07% vs 3.57% Multisector Bond category median performance)
• Lord Abbett Bond-Debenture P Fund (LBNPX) ratio of up-years vs down years is greater than 2
• Lord Abbett Bond-Debenture P Fund (LBNPX) has a Morningstar rating of 4 and above
• Asset base in Lord Abbett Bond-Debenture P Fund (LBNPX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
• Lord Abbett Bond-Debenture P Fund (LBNPX) has a lower expense ratio than its Multisector Bond average: 0.87% vs 1.03%

 What we are cautious about Lord Abbett Bond-Debenture P (LBNPX) Fund

Data for Lord Abbett Bond-Debenture P Fund (LBNPX) as of May 30, 2016

• Lord Abbett Bond-Debenture P Fund (LBNPX) has a less-than-ideal short-term performance (1-year return -1.77% vs -0.06% Multisector Bond category median performance)
• Lord Abbett Bond-Debenture P Fund (LBNPX) has an annual stock turnover rate of 118.51% that is higher than the Multisector Bond average of 88.02%. This could mean Lord Abbett Bond-Debenture P is more nimble, but also signal potential high tax impact and high trading fees
• Lord Abbett Bond-Debenture P Fund (LBNPX) is more volatile than its peers as it has a 3-year Standard Deviation of 5.6 that is higher than category average of 4.44
• Even though Lord Abbett Bond-Debenture P Fund carries no load, it does have a 0.45% of 12b1 promotion, distributions, marketing expenses

See Lord Abbett Bond-Debenture P Fund (LBNPX) performance details as of May 30, 2016

 

What do you think?

 

Compare with other top Multisector Bond category mutual funds

Aadditional top Multisector Bond mutual funds for your consideration

Fund	Year to Date	1 Year	3 year	5 year
Lord Abbett Bond-Debenture P	4.83	-1.77	3.47	5.07
PIMCO Income Instl (PIMIX)	3.69	2.74	4.49	7.80	Compare
JHancock Income I (JSTIX)	2.90	2.14	2.48	3.77	Compare
Performance Trust Strategic Bond (PTIAX)	2.71	4.83	4.24	6.37	Compare

See top fund managers for Multisector Bond Category Funds

 

Lord Abbett Bond-Debenture P (LBNPX) Fund Net Asset

Track net asset change of Lord Abbett Bond-Debenture P fund (LBNPX)

Date	Net Asset
05/2016	$8.88B
03/2016	$8.61B
02/2016	$8.19B

More historic net asset information on Lord Abbett Bond-Debenture P Fund (LBNPX)

  

Lord Abbett Bond-Debenture P (LBNPX) Fund Portfolio Allocation

Track portfolio allocation change of Lord Abbett Bond-Debenture P fund (LBNPX)

Date	Cash	Stock	Bond	Other
03/2016	0.82%	11.69%	82.68%	3.9%
12/2015	0%	13.77%	81.98%	2.55%
09/2015	3.53%	12.14%	79.33%	3.71%

Click here to see more historic asset allocation information on Lord Abbett Bond-Debenture P Fund (LBNPX)

 

Top 10 Holdings in Lord Abbett Bond-Debenture P (LBNPX) Fund

Discover what Lord Abbett Bond-Debenture P Fund (LBNPX) manager is buying

Mar 30, 2016 FNMA [0.92%] General Elec FRN [0.83%] Amazon Com 4.8% [0.73%] Neptune Finco 144A 10.875% [0.61%] Hca 7.5% [0.52%] T Mobile Usa 6.5% [0.52%] Alliance Data Sys 144A 6.375% [0.49%] Frontier Comms 144A 11% [0.49%] Whitewave Foods 5.375% [0.47%]

Dec 30, 2015 General Elec FRN [0.89%] Amazon Com 4.8% [0.71%] Neptune Finco 144A 10.875% [0.6%] Alliance Data Sys 144A 6.375% [0.57%] T Mobile Usa 6.5% [0.52%] Whitewave Foods 5.375% [0.48%] Frontier Comms 144A 11% [0.41%] Rite Aid 7.7% [0.4%] Chs / Cmnty Health Sys 8% [0.4%] Hca 7.5% [0.4%]

Sep 29, 2015 General Elec Cap FRN [0.78%] Amazon Com 4.8% [0.77%] Rite Aid 7.7% [0.58%] Alliance Data Sys 144A 6.375% [0.53%] T Mobile Usa 6.5% [0.47%] Motel 6 Tr 2015-Mtl6 CMO 2.60501% [0.46%] Whitewave Foods 5.375% [0.44%] Hca 7.5% [0.4%] Neuberger Berman Grp/Fin 144A 5.875% [0.39%] Chs / Cmnty Health Sys 8% [0.39%]

Click here for Stock Holding Change Map in Lord Abbett Bond-Debenture P Fund (LBNPX)

  

Latest News on Lord Abbett Bond-Debenture P (LBNPX) Fund

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Popular pages on Lord Abbett Bond-Debenture P (LBNPX) Fund

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• Lord Abbett Bond-Debenture P (LBNPX) Fund Performance Data
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• Historic Lord Abbett Bond-Debenture P (LBNPX) Fund Asset Allocation Report
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