Lord Abbett Short Duration Core Bond Fund
LDCVX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Lord Abbett Short Duration Core Bond Fund (LDCVX) is an open-end mutual fund that seeks current income consistent with the preservation of capital by investing substantially all of its assets in a diversified portfolio of short-duration investment grade debt securities, including U.S. government and government-related securities, corporate bonds, mortgage-backed securities, asset-backed securities, and bank loans. The fund allocates primarily to U.S. bonds (approximately 79%), non-U.S. bonds (17-18%), and cash equivalents (around 3-4%), with top sectors comprising corporate bonds (45.5%), government securities (22.9%), and asset-backed securities (20.4%); top holdings include United States Treasury Notes in various yields such as 4.13%, 4.25%, and 4%. It operates within the short-term bond category, targeting institutional and retail investors seeking low interest-rate sensitivity and mid-credit quality exposure, with total net assets of approximately $623 million, a net expense ratio of 0.31%, and share classes available primarily in the United States. Lord Abbett Short Duration Core Bond Fund is managed as part of Lord Abbett Investment Trust by Lord, Abbett & Co. LLC, an investment management firm founded in 1929 and headquartered in Jersey City, New Jersey. The fund's Class R6 shares (LDCVX) launched on April 19, 2017, with daily pricing and no minimum initial investment for certain classes. In recent developments effective May 13, 2025, the fund added Robert Benz and Andrew Kern as new portfolio managers, enhancing its management team as disclosed in a supplement to its prospectus dated April 1, 2025. Lord Abbett & Co., the fund's investment manager, announced plans in 2024 to expand into U.S. collateralized loan obligation (CLO) management in 2025, leveraging its $11 billion in leveraged loan assets, signaling broader strategic growth in alternatives. Separately, an affiliated interval fund rebranded to Lord Abbett Corporate Opportunities Fund in early 2025, focusing on corporate fixed income and total return strategies across global markets.