Lord Abbett High Yield Fund
LHYVX
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Jersey City, NJ 7302 Jersey City NJ United States of America 7302
- IPO Date
- Jun 30, 2015
- CIK
- 0000911507
- Website
- lordabbett.com
- Similar Companies
- Business
- Lord Abbett High Yield Fund (LHYVX) is an open-end mutual fund that seeks high current income and the opportunity for capital appreciation by investing primarily in high-yield (below investment-grade) securities, including high yield bonds, bank loans, investment grade bonds, convertibles, and other fixed income instruments; the fund may also hold cash, equities, and derivatives such as futures, options, and swaps to manage portfolio risk and enhance returns. As of late 2025, the fund maintains total net assets of approximately $3.35-$3.42 billion across 678 holdings, with an average effective duration of 3.5 years, average maturity of 4.23 years, average yield to maturity of 7.89%, and distribution yield of 7.26%; its portfolio is diversified across credit qualities (primarily BB and B rated), maturities (concentrated in 1-10 years), and sectors including corporate bonds (93.88%), bank loans (3.53%), and limited investment grade exposure. The fund, part of Lord Abbett Investment Trust managed by Lord, Abbett & Co. LLC—a privately held investment adviser founded in 1929 and headquartered at 30 Hudson Street in Jersey City, New Jersey—targets institutional and retail investors seeking high yield bond exposure, with geographic operations focused on U.S. and non-U.S. issuers including emerging markets. LHYVX, launched on June 30, 2015 for its R6 share class, features a net expense ratio of 0.63% and distributes income monthly. Recent changes include portfolio manager transitions, with Gregory H. Benz and Ty J. Kern added as Managing Directors effective May 13, 2025, and Kewjin Yuoh announcing retirement on or about September 30, 2025; the fund's management team, led by Partners like Andrew H. O’Brien and Robert A. Lee, remains jointly responsible for day-to-day decisions. Lord Abbett completed relocation of its global headquarters from 90 Hudson Street to 30 Hudson Street in Jersey City in early 2025, doubling down on its commitment to the local community after 22 years in the area. In December 2025, Lord Abbett participated as a strategic investor in IMTC's $12 million Series A funding round led by Nyca Partners, marking its first equity stake in a fintech partner to enhance fixed income portfolio management efficiencies for buy-side clients. The firm also announced new internal Partners and Senior Managing Directors in September 2025, including those focused on fixed income and sales strategies.