LDLRX

About LDLRX

Lord Abbett Short Duration Income Fund Class R3 is an actively managed mutual fund focused on generating a high level of current income while emphasizing preservation of capital. The strategy concentrates on short‑maturity, investment‑grade corporate bonds and other high‑quality U.S. fixed‑income sectors, typically maintaining a short effective duration to reduce sensitivity to interest‑rate movements. The portfolio can also allocate to securitized assets such as asset‑backed, mortgage‑backed, and commercial mortgage‑backed securities, along with selective exposure to bank loans and collateralized loan obligations to broaden income sources and diversify risk. Positioned within the short‑term bond category, the fund seeks to balance credit selection with tight risk controls, aiming to provide steadier return profiles relative to longer‑duration peers. With an expense structure tailored to the retirement plan marketplace, the Class R3 shares offer access to Lord Abbett’s multi‑sector credit research and active risk management across varying market cycles, serving as a core short‑duration building block for income‑oriented fixed‑income allocations.