Lord Abbett Short Duration Income Fund
LDLVX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Jersey City, NJ 7302 Jersey City NJ United States of America 7302
- IPO Date
- Jul 13, 2015
- CIK
- 0000911507
- Website
- lordabbett.com
- Similar Companies
- Business
- Lord Abbett Short Duration Income Fund (LDLVX) is a mutual fund managed by Lord, Abbett & Co. LLC that seeks a high level of current income consistent with the preservation of capital by investing primarily in short-duration, investment-grade debt securities. The fund allocates at least 65% of its net assets to investment-grade corporate debt securities of U.S. and non-U.S. issuers denominated in U.S. dollars, including emerging market issuers; mortgage-backed securities, mortgage-related securities, and other asset-backed securities; securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities; collateralized loan obligations; commercial mortgage-backed securities; and inflation-linked investments; with an average duration maintained between one and three years. It employs a fundamental and quantitative approach combining top-down and bottom-up analysis, benchmarking against the ICE BofA 1-3 Year U.S. Corporate Index, and features a diversified portfolio of over 1,000 holdings across investment-grade corporates, high-yield corporates, ABS, CLOs, MBS, U.S. government-related securities, and sovereign debt, with total net assets of $42.90 billion as of November 2025. The R6 share class (LDLVX), with a net expense ratio of 0.32%, pays monthly dividends and targets institutional and retirement plan investors. Lord, Abbett & Co. LLC, founded in 1929 and headquartered at the General Motors Building in New York City, serves as the fund's investment manager, overseeing a broad range of fixed-income, equity, and multi-asset strategies for institutional and individual clients globally. The Short Duration Income Fund, with its strategy change formalized on December 14, 2007, operates within the short investment-grade debt category, primarily targeting income-focused investors such as retirement plans and high-net-worth individuals across the United States and international markets. Recent developments include the retirement of longtime portfolio manager Kewjin Yuoh, effective September 30, 2025, with responsibilities transitioned to lead manager Andy O'Brien and new co-managers Greg Benz and Tyler Kern, who specialize in investment-grade debt and corporate bonds; this team-based adjustment maintains the fund's process and ratings without strategic shifts. Portfolio reallocations in recent quarters emphasized higher-rated asset-backed securities and collateralized loan obligations for enhanced carry and spread compression, reflecting active management amid interest rate environments. As of late 2025, the fund reports an average yield to maturity of 4.80%, distribution yield of 5.06%, and average effective duration of 1.84 years.