Lord Abbett Total Return Fund
Actively managed U.S. bond fund
As of its 2026 Q2 report, Lord Abbett Total Return Fund held 559 positions with $3.61B in net assets. Its ten largest holdings made up 23.1% of the fund. The LTRAX share class costs 0.65% a year. Over the 12 months to May 2026, LTRAX returned 5.5%, with dividends reinvested. In 2026 Q2 it added 136 new positions and exited 144.
The Funds investment objective is to seek income and capital appreciation to produce a high total return.
The fund invests in investment-grade debt securities selected through a relative value process that combines top-down macroeconomic analysis with bottom-up fundamental research to identify undervalued opportunities across fixed-income markets. It may allocate up to 20% to high-yield bonds, up to 20% to non-U.S. currency-denominated debt, and up to 10% to floating-rate loans, and manages interest-rate risk by maintaining average portfolio duration within two years of the Bloomberg U.S. Aggregate Bond Index. The fund engages in active and frequent trading and may use derivatives including futures, forwards, options, and swaps to adjust exposure or enhance returns. Because security selection depends on the portfolio manager'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 | 4.44% | $160.19M | — |
United States Treasury 3.88% · due 2031-03-31 | 4.06% | $146.33M | — |
United States Treasury 4.75% · due 2055-05-15 | 3.13% | $112.96M | — |
United States Treasury 4.75% · due 2045-02-15 | 2.44% | $88.20M | — |
United States Treasury 4.75% · due 2053-11-15 | 1.81% | $65.18M | — |
United States Treasury 4.63% · due 2044-11-15 | 1.65% | $59.38M | — |
United States Treasury 4.00% · due 2042-11-15 | 1.48% | $53.46M | — |
United States Treasury 4.63% · due 2055-11-15 | 1.47% | $52.91M | — |
RBC Dominion Securities, Inc. | 1.36% | $49.00M | — |
United States Treasury 4.88% · due 2045-08-15 | 1.27% | $45.96M | — |
The 200 largest of 559 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 | 63.67% |
| Securitized | 50.51% |
| Cash & short-term | 2.49% |
| Loans | 1.48% |
| Stocks | 0.01% |
| Derivatives | -0.01% |
These positions come to 118.15% 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
- Securitized
- 42.8%
- Government
- 20.0%
- Other
- 12.9%
- International
- 6.8%
- 12 other sectors
- 17.5%
- Securitized
- 42.8%
- Government
- 20.0%
- Other
- 12.9%
- International
- 6.8%
- Financials
- 6.0%
- Utilities
- 3.1%
- Industrials
- 2.0%
- Health Care
- 1.6%
- Information Technology
- 1.0%
- Energy
- 0.9%
- Consumer Discretionary
- 0.8%
- Real Estate
- 0.7%
- Consumer Staples
- 0.4%
- Communication Services
- 0.3%
- Materials
- 0.3%
- Cash
- 0.3%
How it has done
LTRAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.33%. Past returns are a record, not a forecast.
The 11 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.65% | +5.45% | +14.56% | +1.94% | -4.38% | |
| 1.29% | +4.89% | +12.41% | -1.12% | -4.64% | |
| 0.90% | +5.19% | +13.55% | +0.64% | -4.54% | |
| 0.41% | +5.82% | +15.38% | +3.23% | -4.43% | |
| 0.55% | +5.58% | +14.90% | +2.44% | -4.48% | |
| 1.05% | +5.15% | +13.23% | -0.05% | -4.59% | |
| 0.95% | +5.14% | +13.52% | +0.41% | -4.57% | |
| 0.70% | +5.39% | +14.38% | +1.69% | -4.39% | |
| 0.45% | +5.66% | +15.08% | +2.83% | -4.44% | |
| 0.36% | +5.76% | +15.54% | +3.45% | -4.42% | |
| 0.36% | +5.87% | +15.55% | +3.43% | -4.42% |
These classes hold the same portfolio, so the 4.57pp spread over 5 years is the cost difference between them — roughly 0.91pp a year — not a difference in what they own.
Fees & fund details
Lord Abbett Total Return 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
- Intermediate duration
- Expense ratio, by class
- 0.36% – 1.29%· LTRAX 0.65%
- Portfolio turnover
- 429.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
136 new· the largest 3
144 exited· the largest 4
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 | 86.5% |
| Floating rate | 13.5% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.0% |
| 1-3y | 12.1% |
| 3-5y | 17.4% |
| 5-10y | 20.2% |
| 10y+ | 49.3% |
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 about half 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 | 69% |
| Credit spreads | 31% |
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 | +2.13 yr |
| High yield | +0.46 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 | 0% |
| 1 yr | 0.72 yr | 12% |
| 5 yr | 1.72 yr | 30% |
| 10 yr | 2.11 yr | 36% |
| 30 yr | 1.24 yr | 21% |
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.41 yr | 16% |
| 5 yr | 1.12 yr | 44% |
| 10 yr | 0.83 yr | 32% |
| 30 yr | 0.19 yr | 8% |
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 | +0.02 | +0.00 | $6.2k | $1.5k |
| 1 yr | +0.72 | +0.31 | +0.10 | $112.9k | $34.9k |
| 5 yr | +1.72 | +0.87 | +0.26 | $313.5k | $92.1k |
| 10 yr | +2.11 | +0.74 | +0.09 | $266.1k | $34.2k |
| 30 yr | +1.24 | +0.19 | +0.00 | $68.4k | $1.6k |
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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