Lord Abbett Total Return A (LTRAX - Free Report) a Zacks Rank #2 (Buy) was incepted in August 2000 and is managed by Lords Abbett and Co. LTRAX's objective is to seek income and capital appreciation to produce a high total return. LTRAX invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities of various types. LTRAX invests in high yield debt securities (sometimes called 'lower-rated bonds' or 'junk bonds') and securities issued by non-U.S. entities and denominated in currencies other than U.S. dollars.
The Lord Abbett Total Return A fund, managed by Lord Abbett, carries an expense ratio of 0.68%. Moreover, LTRAX requires a minimal initial investment of $1,500.
LTRAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 4.1% and 5 year 3.9%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
LTRAX’s performance, as of the last filing, when compared to funds in its category was in the top 27% over the past 1 year, in the top 18% over the past 3 years, and in the 33% over the past 5 years.
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