WLAAAX

About WLAAAX

Lord Abbett Short Duration Credit Fund Class R is a U.S. mutual fund focused on short‑maturity fixed income, designed to deliver a high level of income while maintaining limited interest‑rate sensitivity. The strategy emphasizes diversified credit across investment‑grade corporates, high yield corporates, and securitized sectors such as asset‑backed, mortgage‑backed, and commercial mortgage‑backed securities, complemented by selective exposure to bank loans and U.S. government‑related debt. The portfolio typically targets an effective duration around two years, seeking to reduce volatility from rate moves while relying on bottom‑up credit selection to drive income. Credit quality is broadly centered in the investment‑grade spectrum with measured allocations below BBB, and holdings span North America and other developed markets. The fund is benchmark‑aware—often referencing short‑dated corporate indices—yet remains actively managed to adjust sector weights, maturities, and issuers as credit conditions evolve. In the broader market, it serves as a core short‑term bond allocation for investors seeking capital preservation with meaningful current income and diversified exposure across corporate and structured credit markets.