LORD ABBETT BOND DEBENTURE FUND INC
Actively managed U.S. bond fund
As of its 2026 Q2 report, LORD ABBETT BOND DEBENTURE FUND INC held 951 positions with $23.56B in net assets. Its ten largest holdings made up 15.0% of the fund. The LBNDX share class costs 0.96% a year. Over the 12 months to May 2026, LBNDX returned 8.6%, with dividends reinvested. In 2026 Q2 it added 233 new positions and exited 205.
The Funds investment objective is to seek high current income and the opportunity for capital appreciation to produce a high total return.
The fund pursues high current income and capital appreciation by investing primarily in fixed income securities selected through bottom-up credit analysis of issuer management quality, credit risk, and market position. At least 80% of assets are allocated to bonds across four categories: U.S. high-yield securities, U.S. investment grade debt, convertible securities, and foreign securities, with the portfolio manager adjusting allocations based on economic conditions and interest rate outlook. The fund maintains at least 20% in investment grade debt, government securities, or cash equivalents, and caps foreign securities at 20% of net assets. Because security selection depends on the manager's credit analysis and economic assessments, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
UMBS, TBA 5.50% · due 2056-08-01 | 2.54% | $598.49M | — | — |
UMBS, TBA 5.00% · due 2056-08-01 | 2.23% | $524.75M | — | — |
RBC Dominion Securities, Inc. | 2.08% | $489.82M | — | — |
Fidelity Investments | 2.08% | $489.20M | — | — |
UMBS, TBA 2.50% · due 2056-08-01 | 1.86% | $439.26M | — | — |
LORD ABBETT PVT CR FUND 1 LP | 1.50% | $353.64M | 14.3M | $24.79 |
UMBS, TBA 5.00% · due 2039-08-01 | 0.95% | $224.40M | — | — |
UMBS, TBA 6.00% · due 2056-08-01 | 0.64% | $151.47M | — | — |
ALLOY FINCO LIMITED 0.00% · due 2028-03-06 | 0.59% | $139.63M | — | — |
REPUBLIC OF SOUTH AFRICA 8.00% · due 2030-01-31 | 0.48% | $114.35M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 951 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 77.04% |
| Securitized | 23.64% |
| Stocks | 6.09% |
| Cash & short-term | 4.93% |
| Loans | 2.40% |
| Derivatives | -0.12% |
These positions come to 113.97% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Other
- 29.1%
- Securitized
- 20.7%
- International
- 17.6%
- Government
- 6.4%
- 12 other sectors
- 26.2%
- Other
- 29.1%
- Securitized
- 20.7%
- International
- 17.6%
- Government
- 6.4%
- Industrials
- 4.7%
- Utilities
- 3.5%
- Financials
- 3.5%
- Information Technology
- 2.8%
- Consumer Discretionary
- 2.2%
- Energy
- 2.1%
- Cash
- 2.0%
- Materials
- 1.9%
- Communication Services
- 1.3%
- Health Care
- 1.3%
- Real Estate
- 0.6%
- Consumer Staples
- 0.3%
How it has done
LBNDX share class · total returns with dividends reinvested
Volatility over the last 12 months: 4.48%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 11 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.96% | +8.59% | +24.72% | +10.92% | -3.39% | |
| 1.59% | +7.90% | +22.41% | +7.55% | -3.54% | |
| 1.21% | +8.39% | +23.83% | +9.53% | -3.49% | |
| 0.76% | +8.84% | +25.55% | +11.96% | -3.37% | |
| 0.86% | +8.69% | +25.11% | +11.48% | -3.24% | |
| 1.36% | +8.29% | +23.39% | +8.87% | -3.50% | |
| 1.26% | +8.27% | +23.62% | +9.25% | -3.48% | |
| 1.01% | +8.70% | +24.71% | +10.81% | -3.41% | |
| 0.76% | +8.81% | +25.51% | +11.98% | -3.37% | |
| 0.67% | +8.91% | +25.85% | +12.59% | -3.36% | |
| 0.67% | +8.91% | +25.84% | +12.58% | -3.21% |
These classes hold the same portfolio, so the 5.04pp spread over 5 years is the cost difference between them — roughly 1.01pp a year — not a difference in what they own.
Fees & fund details
LORD ABBETT BOND DEBENTURE FUND INC is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- High yield
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.67% – 1.59%· LBNDX 0.96%
- Portfolio turnover
- 310.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
233 new· the largest 4
205 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 88.1% |
| Floating rate | 10.4% |
| Zero-coupon or unclassified | 1.5% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.1% |
| 1-3y | 10.1% |
| 3-5y | 21.9% |
| 5-10y | 36.9% |
| 10y+ | 30.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 51% |
| Credit spreads | 49% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.12 yr |
| Investment grade | +1.61 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.64 yr | 17% |
| 5 yr | 1.79 yr | 47% |
| 10 yr | 1.15 yr | 30% |
| 30 yr | 0.22 yr | 6% |
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.60 yr | 16% |
| 5 yr | 1.77 yr | 48% |
| 10 yr | 1.10 yr | 29% |
| 30 yr | 0.23 yr | 6% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.01 | +0.02 | $12.3k | $36.5k |
| 1 yr | +0.64 | +0.15 | +0.45 | $349.0k | $1.07m |
| 5 yr | +1.79 | +0.64 | +1.13 | $1.52m | $2.66m |
| 10 yr | +1.15 | +0.64 | +0.45 | $1.51m | $1.07m |
| 30 yr | +0.22 | +0.17 | +0.07 | $393.4k | $159.7k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — LBNDX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”