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Lord Abbett Emerging Markets Currency I (LDMYX) Fund Ranking and Research

Ranking, Research and Recommendation of Lord Abbett Emerging Markets Currency I (LDMYX) Fund

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

 

Graph of Lord Abbett Emerging Markets Currency I Fund (LDMYX) ManagerFund Manager - Leah G. Traub

Fund Manager Information

Fund Manager Tenure: 11.7 years
Similar Funds: LDMAX  LDMBX  LDMCX  LDMFX  LDMQX  LDMRX 
Fund Family: Lord Abbett
Fund Category: Multicurrency
Fund Performance: May 30, 2016
Fundmojo Fund Grade: D (Score: 0.45)     (What does this score mean?)

 

Graph of Lord Abbett Emerging Markets Currency I Fund (LDMYX) ProfileLord Abbett Emerging Markets Currency I Fund (LDMYX) Profile

Fund Profile and Description

Lord Abbett Emerging Markets Currency I Fund seeks high total return. Lord Abbett Emerging Markets Currency I Fund normally invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in instruments that provide investment exposure to the currencies of, and in fixed income instruments denominated in the currencies of, developing markets at the time of purchase. It may invest substantially in forward foreign currency contracts (a type of forward contract) or other derivatives, such as options, futures contracts, and swap agreements.

 

Lord Abbett Emerging Markets Currency I (LDMYX) Fund Strength What we like about Lord Abbett Emerging Markets Currency I (LDMYX) Fund

Data for Lord Abbett Emerging Markets Currency I Fund (LDMYX) as of May 30, 2016

  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) management has been with Lord Abbett Emerging Markets Currency I Fund for 11.7 years
  • Asset base in Lord Abbett Emerging Markets Currency I Fund (LDMYX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) has an annual stock turnover rate of 51.75% vs Multicurrency average of 187.76%. It is good that Lord Abbett Emerging Markets Currency I management does not trade extensively for its return.
  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) is less volatile than its peers as it has a 3-year Standard Deviation of 8.03, lower than category average of 8.44
  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) has a lower expense ratio than its Multicurrency average: 0.78% vs 1.54%
  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Lord Abbett Emerging Markets Currency I Fund (LDMYX) Weakness What we are cautious about Lord Abbett Emerging Markets Currency I (LDMYX) Fund

Data for Lord Abbett Emerging Markets Currency I Fund (LDMYX) as of May 30, 2016

  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) has a less-than-ideal short-term performance (1-year return -4.22% vs -2.02% Multicurrency category median performance)
  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) has a less-than-ideal mid-term performance (3-year return -4.07% vs -3.46% Multicurrency category median performance)
  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) has a less-than-ideal Long-term performance (5-year return -3.05% vs -3.01% Multicurrency category median performance)
  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) ratio of up-years vs down years can be improved
  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) has a Morningstar rating of 3 and below
  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) is less safe compared to its Multicurrency peers
  • Lord Abbett Emerging Markets Currency I Fund (LDMYX) does not have a good risk adjusted return as its 3-year Alpha of -11.43 is worse than category average of -5.62, and its 3-year Sharpe ratio is -0.49
See Lord Abbett Emerging Markets Currency I Fund (LDMYX) performance details as of May 30, 2016

 

What do you think?

 

Compare Lord Abbett Emerging Markets Currency I Fund (LDMYX)Compare with other top Multicurrency category mutual funds

Aadditional top Multicurrency mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Lord Abbett Emerging Markets Currency I2.97-4.22-4.07-3.05
Columbia Absolute Ret Ccy & Inc W (RACWX)0.296.546.673.87Compare

See top fund managers for Multicurrency Category Funds

 

Compare Lord Abbett Emerging Markets Currency I Fund (LDMYX)Compare with Multicurrency category ETFs

Some Multicurrency ETFs for your consideration

ETFYear to DateOne YearThree Year
PowerShares DB G10 Currency Harvest ETF (DBV)0.34%-3.26%-4.05%

 

Graph of Lord Abbett Emerging Markets Currency I Fund (LDMYX) Net Asset TrackingLord Abbett Emerging Markets Currency I (LDMYX) Fund Net Asset

Track net asset change of Lord Abbett Emerging Markets Currency I fund (LDMYX)

DateNet Asset
05/2016$445.65M
03/2016$411.30M
02/2016$383.79M
More historic net asset information on Lord Abbett Emerging Markets Currency I Fund (LDMYX)

  

Graph of Lord Abbett Emerging Markets Currency I Fund (LDMYX) Portfolio TrackingLord Abbett Emerging Markets Currency I (LDMYX) Fund Portfolio Allocation

Track portfolio allocation change of Lord Abbett Emerging Markets Currency I fund (LDMYX)

DateCashStockBondOther
03/201623.83%0%74.79%1.35%
12/201521.62%0%76.82%1.56%
09/201524.1%0%74.76%1.04%
Click here to see more historic asset allocation information on Lord Abbett Emerging Markets Currency I Fund (LDMYX)

 

graph of Lord Abbett Emerging Markets Currency I Fund (LDMYX) Top 10 Position TrackingTop 10 Holdings in Lord Abbett Emerging Markets Currency I (LDMYX) Fund

Discover what Lord Abbett Emerging Markets Currency I Fund (LDMYX) manager is buying

Mar 30, 2016
Brazil Federative Rep [1.62%]
Shell Intl Fin Bv FRN [1.42%]
Citgrp Coml Mtg Tr 2015-Sshp CMO [0.9%]
Laclede Grp FRN [0.87%]
Martin Marietta Matls FRN [0.85%]
Wachovia Cmbs 2005-C21 CMO [0.85%]
FNMA FRN [0.85%]
US Treasury Note 0.875% [0.77%]
Bp Cap Mkts FRN [0.74%]
Hewlett Packard Entpr 144A FRN [0.73%]

Dec 30, 2015
US Treasury Note 1.625% [1.33%]
Lb-Ubs Cmbs 2006-C6 CMO 5.413% [0.98%]
Citgrp Coml Mtg Tr 2015-Sshp CMO [0.97%]
Hewlett Packard Entpr 144A FRN [0.87%]
FNMA FRN [0.81%]
US Treasury Note 0.875% [0.79%]
Laclede Grp FRN [0.78%]
Wachovia Cmbs 2005-C21 CMO [0.76%]
Martin Marietta Matls FRN [0.75%]

Sep 29, 2015
Lb-Ubs Cmbs 2006-C6 CMO 5.413% [0.9%]
US Treasury Note 0.875% [0.88%]
Citgrp Coml Mtg Tr 2015-Sshp CMO [0.87%]
FNMA FRN [0.78%]
Hewlett Packard Entpr 144A FRN [0.78%]
Aventura Mall Tr 2013-Avm CMO [0.74%]
Citigroup Coml Mtg 2007-C6 CMO [0.73%]
Omega Healthcare Invs 6.75% [0.71%]
Laclede Grp FRN [0.7%]
Click here for Stock Holding Change Map in Lord Abbett Emerging Markets Currency I Fund (LDMYX)

  

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Lord Abbett Emerging Markets Currency I Fund (LDMYX) Related ResourcesSee more information on Lord Abbett Emerging Markets Currency I (LDMYX) Fund

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