LORD ABBETT BOND DEBENTURE FUND INC
LORD ABBETT BOND DEBENTURE FUND INC · Series S000006820 · 11 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Expense ratio |
|---|---|
| LBNDX | 0.96% |
| BDLAX | 1.59% |
| LBNPX | 1.21% |
| LBNYX | 0.76% |
| LBDFX | 0.86% |
| LBNQX | 1.36% |
| LBNRX | 1.26% |
| LBNSX | 1.01% |
| LBNTX | 0.76% |
| LBNVX | 0.67% |
| LBNOX | 0.67% |
Portfolio turnover 310.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Latest quarter
What changed since the fund's previous filing
Largest new: UMBS, TBA ×5, RBC Dominion Securities, Inc., ALLOY FINCO LIMITED, REPUBLIC OF SOUTH AFRICA
Largest exited: UMBS, TBA ×5, RBC Dominion Securities Inc. (London, GB, Branch), MEX BONOS DESARR FIX RT, NOTA DO TESOURO NACIONAL
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +9.36% | +22.47% | +10.69% | 4.48% | -3.39% | |
| +8.66% | +20.20% | +7.33% | 4.63% | -3.54% | |
| +9.14% | +21.64% | +9.43% | 4.57% | -3.49% | |
| +9.61% | +23.27% | +11.86% | 4.50% | -3.37% | |
| +9.45% | +22.85% | +11.38% | 4.63% | -3.24% | |
| +8.90% | +21.01% | +8.50% | 4.47% | -3.50% | |
| +9.04% | +21.39% | +9.16% | 4.63% | -3.48% | |
| +9.31% | +22.13% | +10.44% | 4.48% | -3.41% | |
| +9.57% | +23.23% | +11.88% | 4.50% | -3.37% | |
| +9.68% | +23.58% | +12.37% | 4.51% | -3.36% | |
| +9.68% | +23.57% | +12.35% | 4.51% | -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.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | UMBS, TBA5.50% · due 2056-08-01 | 2.54% | — | $598.49M | — |
| — | UMBS, TBA5.00% · due 2056-08-01 | 2.23% | — | $524.75M | — |
| — | RBC Dominion Securities, Inc. | 2.08% | — | $489.82M | — |
| — | Fidelity Investments | 2.08% | — | $489.20M | — |
| — | UMBS, TBA2.50% · due 2056-08-01 | 1.86% | — | $439.26M | — |
| — | LORD ABBETT PVT CR FUND 1 LP | 1.50% | $24.79 | $353.64M | 14.3M |
| — | UMBS, TBA5.00% · due 2039-08-01 | 0.95% | — | $224.40M | — |
| — | UMBS, TBA6.00% · due 2056-08-01 | 0.64% | — | $151.47M | — |
| — | ALLOY FINCO LIMITED0.00% · due 2028-03-06 | 0.59% | — | $139.63M | — |
| — | REPUBLIC OF SOUTH AFRICA8.00% · 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.
Top 10 positions are 14.96% of net assets, top 25 20.88%, across 700 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free