Lord Abbett Credit Opportunities Fund
LCRDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Douglas Bloom Sieg
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jan 2, 2020
- CIK
- 0001753712
- Website
- lordabbett.com
- Similar Companies
- Business
- Lord Abbett Credit Opportunities Fund (LCRDX) is a mutual fund managed by Lord, Abbett & Co. LLC that seeks total return by investing primarily in fixed-income securities and related derivatives to capture credit opportunities across various market conditions. The fund offers exposure to a diversified portfolio including high-yield bonds, leveraged loans, collateralized loan obligations, asset-backed securities, and opportunistic credit strategies such as event-driven trades and structured credit; it employs active management to navigate credit cycles, utilizing derivatives for hedging and yield enhancement. Lord Abbett Credit Opportunities Fund operates within the alternative credit segment of the asset management industry, targeting institutional and retail investors seeking income and capital appreciation with moderate duration risk. Founded in 1929, Lord, Abbett & Co. LLC, the fund's adviser, maintains its headquarters in Jersey City, New Jersey, and manages approximately $200 billion in assets across equity, fixed income, and multi-asset strategies globally. The fund's geographic operations focus on U.S. and international credit markets, with investments spanning North America, Europe, and emerging markets. It is part of Lord Abbett's suite of affiliated funds, with no noted parent company. In recent developments, the fund maintained strong performance amid 2024 interest rate volatility, benefiting from tactical allocations to floating-rate loans and shorter-duration high-yield bonds; Lord Abbett announced enhancements to its credit platform in late 2024, including expanded CLO equity strategies and partnerships with sub-advisers for private credit opportunities. No major acquisitions, funding rounds, or name changes were reported for the fund or its manager in the last two years, though the firm continued strategic expansions into sustainable credit investments aligning with ESG trends.