Lord Abbett Short Duration Income Fund
LORD ABBETT INVESTMENT TRUST · Series S000007279 · 10 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
The Funds investment objective is to seek a high level of income consistent with preservation of capital.
The fund invests in short-duration investment-grade debt securities, including corporate bonds, government securities, mortgage-backed and asset-backed securities, and inflation-linked bonds, with up to 35% in high-yield debt, foreign-currency debt, loans, convertibles, and structured securities. The portfolio management team uses relative value analysis—combining top-down assessment of economic and policy conditions with bottom-up security selection—to identify undervalued securities and actively rotate sector exposure. The fund maintains average dollar-weighted duration between one and three years to manage interest rate risk and may use derivatives to hedge, adjust duration, or enhance returns. Because security selection depends on the team's assessment of relative value and fundamental conditions, fund returns will diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| C000019990 | 0.84% |
| LLDYX | 0.39% |
| LALDX | 0.59% |
| LDLAX | 1.22% |
| LDLFX | 0.49% |
| LDLQX | 0.99% |
| LDLRX | 0.89% |
| LDLKX | 0.64% |
| LDLTX | 0.39% |
| LDLVX | 0.32% |
| LOLDX | 0.32% |
Portfolio turnover 161.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 61.33% |
| Securitized | 36.04% |
| Loans | 5.62% |
| Cash & short-term | 1.72% |
| Derivatives | 0.10% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: United States Treasury ×2, UMBS, TBA ×3, JPMorgan Securities LLC, Fixed Income Clearing Corp., VISTRA OPERATIONS CO LLC
Largest exited: United States Treasury, UMBS, TBA ×2, ALLIANT HOLD / CO-ISSUER, Atlas Warehouse Lending Company, L.P., Gen Digital Inc, Wind River CLO Ltd, Dryden Senior Loan Fund
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 |
|---|---|---|---|---|---|
| +4.46% | +16.20% | +13.61% | 1.29% | -0.62% | |
| +4.52% | +15.76% | +12.76% | 1.48% | -0.63% | |
| +3.86% | +13.36% | +9.36% | 1.27% | -0.90% | |
| +4.34% | +15.82% | +13.04% | 1.45% | -0.62% | |
| +4.12% | +14.44% | +10.54% | 1.38% | -0.66% | |
| +4.19% | +14.44% | +11.04% | 1.28% | -0.84% | |
| +4.19% | +15.29% | +12.18% | 1.28% | -0.63% | |
| +4.71% | +16.17% | +13.85% | 1.49% | -0.76% | |
| +4.55% | +16.45% | +14.02% | 1.45% | -0.61% | |
| +4.54% | +16.44% | +14.30% | 1.29% | -0.76% |
These classes hold the same portfolio, so the 4.94pp spread over 5 years is the cost difference between them — roughly 0.99pp a year — not a difference in what they own.
May 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.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
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 | 76.2% |
| Floating rate | 22.9% |
| Zero-coupon or unclassified | 0.9% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 8.5% |
| 1-3y | 35.1% |
| 3-5y | 23.2% |
| 5-10y | 12.4% |
| 10y+ | 20.8% |
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 | 52% |
| Credit spreads | 48% |
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.
| Investment grade | +1.50 yr |
| High yield | +0.41 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 1.32 yr | 64% |
| 5 yr | 0.64 yr | 31% |
| 10 yr | 0.08 yr | 4% |
| 30 yr | 0.02 yr | 1% |
3 mo is NEGATIVE (-0.02 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.06 yr | 3% |
| 1 yr | 0.83 yr | 44% |
| 5 yr | 0.95 yr | 50% |
| 10 yr | 0.05 yr | 3% |
| 30 yr | 0.02 yr | 1% |
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 | +0.04 | +0.02 | $175.2k | $83.0k |
| 1 yr | +1.32 | +0.64 | +0.19 | $2.79m | $848.4k |
| 5 yr | +0.64 | +0.76 | +0.19 | $3.30m | $849.2k |
| 10 yr | +0.08 | +0.05 | +0.01 | $200.5k | $33.3k |
| 30 yr | +0.02 | +0.02 | -0.00 | $83.5k | -$2.9k |
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 | Value | Shares |
|---|---|---|---|---|
| — | United States Treasury3.75% · due 2028-04-30 | 2.71% | $1.18B | — |
| — | UMBS, TBA5.00% · due 2041-07-01 | 1.39% | $605.25M | — |
| — | United States Treasury3.50% · due 2028-12-15 | 0.97% | $422.92M | — |
| — | JPMorgan Securities LLC | 0.60% | $260.10M | — |
| — | United States Treasury3.38% · due 2028-02-29 | 0.59% | $257.12M | — |
| — | UMBS, TBA5.00% · due 2039-06-01 | 0.50% | $217.49M | — |
| — | EAGLE FUNDING LUXCO SARL5.50% · due 2030-08-17 | 0.48% | $208.84M | — |
| — | CARNIVAL CORP LTD4.00% · due 2028-08-01 | 0.47% | $207.38M | — |
| — | UBER TECHNOLOGIES INC4.50% · due 2029-08-15 | 0.47% | $203.43M | — |
| — | LOWES COS INC4.65% floating · due 2028-09-15 | 0.41% | $177.53M | — |
Top 10 positions are 8.57% of net assets, top 25 13.78%, across 598 issuers.
See more of this fund's book
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