Lord Abbett Short Duration Income Fund
Actively managed U.S. bond fund
As of its 2026 Q2 report, Lord Abbett Short Duration Income Fund held 1,142 positions with $43.66B in net assets. Its ten largest holdings made up 8.6% of the fund. The LLDYX share class costs 0.39% a year. Over the 12 months to May 2026, LLDYX returned 4.7%, with dividends reinvested. In 2026 Q2 it added 245 new positions and exited 193.
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.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
United States Treasury 3.75% · due 2028-04-30 | 2.71% | $1.18B | — |
UMBS, TBA 5.00% · due 2041-07-01 | 1.39% | $605.25M | — |
United States Treasury 3.50% · due 2028-12-15 | 0.97% | $422.92M | — |
JPMorgan Securities LLC | 0.60% | $260.10M | — |
United States Treasury 3.38% · due 2028-02-29 | 0.59% | $257.12M | — |
UMBS, TBA 5.00% · due 2039-06-01 | 0.50% | $217.49M | — |
EAGLE FUNDING LUXCO SARL 5.50% · due 2030-08-17 | 0.48% | $208.84M | — |
CARNIVAL CORP LTD 4.00% · due 2028-08-01 | 0.47% | $207.38M | — |
UBER TECHNOLOGIES INC 4.50% · due 2029-08-15 | 0.47% | $203.43M | — |
LOWES COS INC 4.65% floating · due 2028-09-15 | 0.41% | $177.53M | — |
The 200 largest of 1,142 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 | 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.
By sector
- Securitized
- 34.4%
- Other
- 22.4%
- International
- 10.0%
- Financials
- 8.9%
- 12 other sectors
- 24.2%
- Securitized
- 34.4%
- Other
- 22.4%
- International
- 10.0%
- Financials
- 8.9%
- Government
- 6.7%
- Industrials
- 3.3%
- Energy
- 3.3%
- Utilities
- 2.7%
- Consumer Discretionary
- 2.2%
- Information Technology
- 2.0%
- Health Care
- 1.7%
- Communication Services
- 0.7%
- Cash
- 0.6%
- Consumer Staples
- 0.5%
- Real Estate
- 0.5%
- Materials
- 0.1%
How it has done
LLDYX share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.28%. Past returns are a record, not a forecast.
The 10 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.39% | +4.69% | +17.13% | +13.85% | -0.62% | |
| 0.59% | +4.48% | +16.09% | +12.69% | -0.63% | |
| 1.22% | +3.81% | +14.26% | +9.32% | -0.68% | |
| 0.49% | +4.57% | +16.45% | +13.27% | -0.62% | |
| 0.99% | +4.34% | +15.04% | +10.76% | -0.66% | |
| 0.89% | +4.14% | +15.34% | +10.99% | -0.66% | |
| 0.64% | +4.41% | +16.21% | +12.39% | -0.63% | |
| 0.39% | +4.67% | +16.80% | +13.78% | -0.62% | |
| 0.32% | +4.77% | +17.38% | +14.25% | -0.61% | |
| 0.32% | +4.76% | +17.37% | +14.25% | -0.61% |
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.
Fees & fund details
Lord Abbett Short Duration Income Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.32% – 1.22%· LLDYX 0.39%
- Portfolio turnover
- 161.00% 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.
245 new· the largest 5
193 exited· the largest 7
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.
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