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4 Zacks Rank #1 Lord Abbett Mutual Funds to Invest In
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Founded in 1929, Lord Abbett manages assets worth over $157.7 billion (as of December 31, 2017). This privately held company has around 791 employees and 161 investment professionals dedicated to address clients’ needs. Lord Abbett deals in more than 61 mutual funds, investing in not only domestic and global stocks but also in fixed-income, tax-free income and multi-asset securities.
This renowned global asset manager aims to provide a wide variety of financial products and services to fulfill the needs of investors. The company seeks to achieve successful investment performance on behalf of its clients for the long run. The three key factors that added to Lord Abbett’s success are its independent perspective, smart product design and dedication to active management.
Lord Abbett High Yield F (LHYFX - Free Report) invests the lion’s share of its assets in lower-rated debt securities, including corporate bonds that can be converted into common stocks. LHYFX may invest around one-fifth of its assets in securities of foreign companies. The fund may also invest nearly 20% of its assets in muni bonds. Lord Abbett High Yield F has one-year annualized returns of 8.2%.
As of November 2017, LHYFX held 701 issues, with 1.00% of its assets invested in Neptune Finco 144A 10.875%.
Lord Abbett CA Tax-Free Income F (LCFFX - Free Report) seeks federal tax-exempted income. The fund invests heavily in muni bonds that offer interest free from federal income tax as well as California personal income tax. LCFFX attains its investment objective by measuring the Barclays Municipal Bond Index’s volatility as an estimate of reasonable risk. Lord Abbett CA Tax-Free Income F has one-year annualized returns of 5.3%.
LCFFX has an expense ratio of 0.68% compared with the category average of 0.89%.
Lord Abbett Floating Rate F (LFRFX - Free Report) invests the majority of its assets in adjustable or floating rate senior loans to seek income. LFRFX may invest around one-fourth of its assets in foreign securities including emerging market securities. The fund may also invest around one-fifth of its assets in other debt securities and nearly one-tenth of its assets in derivatives. Lord Abbett Floating Rate F has one-year annualized returns of 4.2%.
Steven Rocco is one of the fund managers of 2016.
Lord Abbett Bond-Debenture F (LBDFX - Free Report) seeks maximization of returns through growth of income and capital. LBDFX invests a bulk of its assets in various types of fixed income securities, including debentures and bonds. The fund may also invest in high yield bonds. It may invest around one-fifth of its assets in equity securities, which include preferred and common stocks. LBDFXhas one-year annualized returns of 9.2%.
LBDFX has an expense ratio of 0.71% compared with the category average of 1.01%.
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4 Zacks Rank #1 Lord Abbett Mutual Funds to Invest In
Founded in 1929, Lord Abbett manages assets worth over $157.7 billion (as of December 31, 2017). This privately held company has around 791 employees and 161 investment professionals dedicated to address clients’ needs. Lord Abbett deals in more than 61 mutual funds, investing in not only domestic and global stocks but also in fixed-income, tax-free income and multi-asset securities.
This renowned global asset manager aims to provide a wide variety of financial products and services to fulfill the needs of investors. The company seeks to achieve successful investment performance on behalf of its clients for the long run. The three key factors that added to Lord Abbett’s success are its independent perspective, smart product design and dedication to active management.
Below we share with you four top-ranked Lord Abbett mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Lord Abbett funds.
Lord Abbett High Yield F (LHYFX - Free Report) invests the lion’s share of its assets in lower-rated debt securities, including corporate bonds that can be converted into common stocks. LHYFX may invest around one-fifth of its assets in securities of foreign companies. The fund may also invest nearly 20% of its assets in muni bonds. Lord Abbett High Yield F has one-year annualized returns of 8.2%.
As of November 2017, LHYFX held 701 issues, with 1.00% of its assets invested in Neptune Finco 144A 10.875%.
Lord Abbett CA Tax-Free Income F (LCFFX - Free Report) seeks federal tax-exempted income. The fund invests heavily in muni bonds that offer interest free from federal income tax as well as California personal income tax. LCFFX attains its investment objective by measuring the Barclays Municipal Bond Index’s volatility as an estimate of reasonable risk. Lord Abbett CA Tax-Free Income F has one-year annualized returns of 5.3%.
LCFFX has an expense ratio of 0.68% compared with the category average of 0.89%.
Lord Abbett Floating Rate F (LFRFX - Free Report) invests the majority of its assets in adjustable or floating rate senior loans to seek income. LFRFX may invest around one-fourth of its assets in foreign securities including emerging market securities. The fund may also invest around one-fifth of its assets in other debt securities and nearly one-tenth of its assets in derivatives. Lord Abbett Floating Rate F has one-year annualized returns of 4.2%.
Steven Rocco is one of the fund managers of 2016.
Lord Abbett Bond-Debenture F (LBDFX - Free Report) seeks maximization of returns through growth of income and capital. LBDFX invests a bulk of its assets in various types of fixed income securities, including debentures and bonds. The fund may also invest in high yield bonds. It may invest around one-fifth of its assets in equity securities, which include preferred and common stocks. LBDFXhas one-year annualized returns of 9.2%.
LBDFX has an expense ratio of 0.71% compared with the category average of 1.01%.
To view the Zacks Rank and past performance of all Lord Abbett mutual funds, investors can click here to see the complete list of Lord Abbett funds.
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