LCRSX

About LCRSX

The Lord Abbett Core Fixed Income Fund Class R4 is a mutual fund within the intermediate core bond category, managed by Lord Abbett since 2015. Its primary objective is to provide current income and the opportunity for capital appreciation through a diversified portfolio of high-quality, investment-grade fixed income securities. The fund holdings primarily include U.S. Treasury notes and bonds, government-related securities, and a selection of mortgage-backed and corporate debt instruments, with a moderate level of credit quality and interest rate sensitivity. Notable for its monthly dividend distributions, the fund has a medium duration profile—recent figures indicate an effective duration around 5.9 years—which positions it to potentially benefit from changing interest rate environments without excessive volatility. The fund serves as a core fixed income allocation for investors seeking stable income and capital preservation within their portfolios, and its sizeable asset base underscores its significance in the taxable bond market. With a net expense ratio of 0.61%, the fund is designed for retirement accounts and institutional investors, reflecting its role as a foundational component in diversified asset allocation strategies.