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Lord Abbett High Yield R3 (LHYRX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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6.33-0.02 (-0.31%)
At close: 08:00PM EDT

Lord Abbett High Yield R3

Jersey City, NJ 7302

90 Hudson Street

Lord Abbett Investment Trust

Management information
Robert A. Lee,Lead manager since 14 October 2013
Robert A. Lee is a Partner and Chief Investment Officer at the Lord Abbett & Company. Mr. Lee joined Lord Abbett in 1997 and was named Partner in 2002. His prior experience includes: Portfolio Manager and Vice President at ARM Capital Advisors; Assistant Portfolio Manager and Assistant Vice President at Kidder Peabody Asset Management; and Fixed Income Research Analyst at The First Boston Corporation. Mr. Lee received a BS from the University of Pennsylvania. He has been in the investment business since 1991.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryHigh Yield Bond
Fund familyLord Abbett
Net assets3.63B
YTD return0.65%
Morningstar rating★★
Inception date27 Sept 2007

Fund operations

Last dividend0.14
Last cap gain-23.00
Holdings turnover84.00%
Average for categoryN/A

Fees and expenses

ExpenseLHYRXCategory average
Annual report expense ratio (net)0.97%0.95%
Prospectus net expense ratio0.97%N/A
Prospectus gross expense ratio0.97%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A3.88%
Max deferred sales loadN/A1.28%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A