Lord Abbett Short Duration Income F3
LOLDX
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Jersey City, NJ 7302 Jersey City NJ United States of America 7302
- IPO Date
- Apr 4, 2017
- CIK
- 0000911507
- Website
- lordabbett.com
- Similar Companies
- Business
- Lord Abbett Short Duration Income Fund Class F3 (LOLDX) is an open-end 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 debt securities. The fund allocates at least 65% of its net assets to investment-grade debt securities, including corporate debt of U.S. and non-U.S. issuers denominated in U.S. dollars; 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; bank loans; high-yield corporate debt; sovereign bonds; convertible bonds; municipals; and inflation-linked investments, with an average duration typically maintained between one and three years. As of November 2025, the fund holds 1,069 issues with total net assets of $42.90 billion, an average effective duration of 1.84 years, average maturity of 2.12 years, and average yield to maturity of 4.80%, featuring top holdings such as U.S. Treasury Notes, UMBS-TBA securities, and corporate bonds from issuers like Centene Corp and Carnival Corp. Lord, Abbett & Co. LLC, founded in 1929 and headquartered in Jersey City, New Jersey, manages the fund as part of its $244 billion in assets under management, with global offices in Dubai, Dublin, London, Montevideo, Singapore, Tokyo, and Zurich. In recent developments, the fund continues to reflect a strategy shift implemented on December 14, 2007, emphasizing credit-sensitive short-term assets, while the firm formed a joint venture with Stifel Financial Corp. in June 2024 to launch SBLA Private Credit, targeting leveraged lending to small- and mid-sized private equity-backed companies. Lord Abbett entered a strategic partnership with IMTC in November 2024 to utilize its cloud-native portfolio and order management system for optimizing fixed income separately managed accounts in the wealth channel, and made its first equity investment in a fintech partner by participating in IMTC's $12 million Series A funding round in December 2025. Additionally, the firm relocated its headquarters to 30 Hudson Street in Jersey City in 2024 and was ranked #1 in Barron's Best Fund Families of 2024 as of February 2025. The F3 share class, which commenced operations on April 5, 2017, targets institutional and advisor channels with a net expense ratio of 0.32% and monthly dividend frequency.