Lord Abbett Total Return Fund
LORD ABBETT INVESTMENT TRUST · 11 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Gross | Net |
|---|---|---|
| LTRAX | 0.65% | 0.65% |
| LTRCX | 1.29% | 1.29% |
| LTRPX | 0.90% | 0.90% |
| LTRYX | 0.45% | 0.41% |
| LTRFX | 0.55% | 0.55% |
| LTRQX | 1.05% | 1.05% |
| LTRRX | 0.95% | 0.95% |
| LTRKX | 0.70% | 0.70% |
| LTRTX | 0.45% | 0.45% |
| LTRHX | 0.36% | 0.36% |
| LTROX | 0.36% | 0.36% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 429.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 42.8% |
| Government | 20.0% |
| Other | 12.2% |
| International | 6.8% |
| 12 smaller | 18.3% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: United States Treasury ×5, RBC Dominion Securities, Inc., Government National Mortgage Association ×2
Largest exited: United States Treasury ×3, RBC Dominion Securities, Inc., Government National Mortgage Association ×3, UMBS, TBA
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 |
|---|---|---|---|---|---|
| +4.74% | +12.87% | +2.04% | 3.43% | -5.37% | |
| +4.07% | +10.75% | -1.13% | 3.52% | -5.67% | |
| +4.48% | +12.01% | +0.74% | 3.42% | -5.47% | |
| +4.88% | +13.55% | +3.21% | 3.63% | -5.36% | |
| +4.86% | +13.20% | +2.54% | 3.43% | -5.44% | |
| +4.20% | +11.56% | -0.06% | 3.65% | -5.55% | |
| +4.43% | +11.85% | +0.52% | 3.44% | -5.63% | |
| +4.68% | +12.70% | +1.80% | 3.44% | -5.38% | |
| +4.95% | +13.52% | +3.04% | 3.57% | -5.26% | |
| +5.05% | +13.85% | +3.56% | 3.44% | -5.34% | |
| +5.04% | +13.84% | +3.42% | 3.53% | -5.24% |
These classes hold the same portfolio, so the 4.69pp spread over 5 years is the cost difference between them — roughly 0.94pp 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 | 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.
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 | 4.44% | $160.19M | — |
| — | United States Treasury3.88% · due 2031-03-31 | 4.06% | $146.33M | — |
| — | United States Treasury4.75% · due 2055-05-15 | 3.13% | $112.96M | — |
| — | United States Treasury4.75% · due 2045-02-15 | 2.44% | $88.20M | — |
| — | United States Treasury4.75% · due 2053-11-15 | 1.81% | $65.18M | — |
| — | United States Treasury4.63% · due 2044-11-15 | 1.65% | $59.38M | — |
| — | United States Treasury4.00% · due 2042-11-15 | 1.48% | $53.46M | — |
| — | United States Treasury4.63% · due 2055-11-15 | 1.47% | $52.91M | — |
| — | RBC Dominion Securities, Inc. | 1.36% | $49.00M | — |
| — | United States Treasury4.88% · due 2045-08-15 | 1.27% | $45.96M | — |
Top 10 positions are 23.11% of net assets, top 25 36.15%, across 344 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