LAGVX

About LAGVX

Lord Abbett Income Fund Class A is a mutual fund specializing in fixed income investments. Its primary objective is to deliver a high level of current income while maintaining a focus on preserving capital. The fund achieves this by allocating the majority of its assets—at least 65%—to investment-grade debt securities, including a broad mix of corporate bonds, government securities, mortgage-backed securities, bank loans, and asset-backed securities. While its core remains investment-grade, the fund also maintains a noteworthy allocation to below-investment-grade (high-yield) bonds, which has typically averaged around 18% over the past decade, enhancing its income potential. Managed by an experienced credit research team, the fund actively selects from several fixed income sectors to optimize risk-adjusted returns and diversify portfolio exposure. With a moderate interest rate sensitivity (average effective duration around 6.5 years) and a large, diverse portfolio comprising over 500 individual holdings, the Lord Abbett Income Fund Class A plays a significant role for investors seeking a balance between steady income and managed credit risk in the corporate bond space. The fund’s monthly distributions and efficient expense structure further support its appeal as a core fixed income holding for broad portfolio diversification.