| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 8.41 | 0.00 (0.00%) | 7.71 - 8.47 | 0.0 |
Market data as of 6:05PM 05/24/13. Quotes are delayed by at least 15 min.
The investment seeks high current income and the opportunity for capital appreciation to produce a high total return. To pursue its objective under normal market conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds, debentures and other fixed income securities. It may invest a substantial portion of its net assets in high-yield securities (commonly referred to as "below investment grade" or "junk" bonds). High-yield securities are rated BB/Ba or lower by a rating agency, or are unrated but determined by Lord Abbett to be of comparable quality.
| Total Return | 6.37% |
|---|---|
| Yield (Trailing 12 Mo.) | 4.92% |
| Expense Ratio | 1.61% |
| Front Load | None |
| Deferred Load | 1.00% |
| Minimum Investment | $1,000 |
| Management Tenure | 25 Years |
| Fund Inception | 07/15/1996 |
| Timeframe | BDLAX | S&P 500 | Multisector Bond |
|---|---|---|---|
| 1 Month | 1.59% | 1.93% | 1.57% |
| 3 Month | 3.03% | 7.18% | 2.34% |
| Year-to-Date | 4.58% | 12.74% | 3.01% |
| 1 Year | 11.04% | 16.89% | 9.65% |
| 3 Year | 8.84% | 12.80% | 7.99% |
| 5 Year | 7.70% | 5.21% | 7.84% |
| 10 Year | 7.21% | 7.88% | 7.09% |
| Since Inception | 6.37% | 10.38% | -- |
| Basic Materials | 11.75% | |
|---|---|---|
| Consumer Cyclical | 13.08% | |
| Financial Services | 8.74% | |
| Real Estate | 4.67% | |
| Consumer Defensive | 4.87% | |
| Healthcare | 7.37% | |
| Utilities | 0.20% | |
| Communication Services | 1.29% | |
| Energy | 16.43% | |
| Industrials | 10.77% | |
| Technology | 20.82% |
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 4.61 | 4.61 | ||
| Bond | -- | 71.03 | 71.03 | ||
| Other | -- | 4.24 | 4.24 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 11.35 | 11.35 | ||
| Total | -- | 91.23 | 91.23 | ||
| Cash | -- | 0.35 | 0.35 | ||
| Total Net Assets | $8.76B |
|---|---|
| Total Stock Holdings | 48 |
| Total Bond Holdings | 556 |
| AAA | 0.10% | |
|---|---|---|
| AA | 0.30% | |
| A | 2.80% | |
| BBB | 17.22% |
| BB | 30.33% | |
|---|---|---|
| B | 34.63% | |
| Below B | 10.21% | |
| Not Rated | 4.40% |
| Company | YTD Return | % of Assets |
|---|---|---|
| Alliance Data Sys 144A 6.375% | -- | 0.66% |
| Chs / Cmnty Health Sys 8% | -- | 0.64% |
| Sprint Cap 6.9% | -- | 0.64% |
| Reynolds Grp Issuer 8.5% | -- | 0.61% |
| Crown Cork & Seal 7.375% | -- | 0.60% |
| B E Aerospace 5.25% | -- | 0.48% |
| Gilead Sciences Cv 0.625% | -- | 0.48% |
| Intl Lease Fin 8.75% | -- | 0.46% |
| Biomet 144A 6.5% | -- | 0.44% |
| BAC-L | -- | 0.42% |
| Valuation | BDLAX | Category Range |
|---|---|---|
| Price/Earnings | 19.80 | |
| Price/Book | 2.39 | |
| Price/Sales | 1.36 | |
| Price/Cash Flow | 11.18 | |
| Dividend Yield | 1.06 | |
| LT Earnings | 13.34 | |
| Historical Earnings | 12.63 | |
| Sales Growth | -3.3 | |
| Cash-Flow Growth | 3.3 | |
| Book-Value Growth | 8.08 |
| Rate Sensitivity | |||
|---|---|---|---|
| High | |||
| Mid | |||
| Low | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Above Avg | |
| Return | Above Avg |
| Pretax Return | 8.84% |
|---|---|
| Tax-adjusted Return | 6.86% |
| Tax Cost Ratio | 1.81% |
| Potential Cap Gains | 8.07% |
