Fund Evaluator:
Lord Abbett Core Fixed Income R5 (LCRTX)
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Fund Details
Lord Abbett Core Fixed Income R5 Overview
Lord Abbett Core Fixed Income R5 (LCRTX) is an actively managed Taxable Bond Intermediate Core Bond fund. Lord Abbett launched the fund in 2015.
The investment seeks income and capital appreciation to produce a high total return. The fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities of various types. The manager expects to invest in derivatives consisting principally of futures, forwards, options, and swaps. It may use derivatives to seek to enhance returns, to attempt to hedge some of its investment risk, to manage portfolio duration, as a substitute for holding the underlying asset on which the derivative instrument is based, or for cash management purposes.
About Lord Abbett Core Fixed Income R5 (LCRTX)
There are 6 members of the management team with an average tenure of 11.44 years: Leah Traub (2021), Adam Castle (2021), Yoana Koleva (2025), Karen Gunnerson (2024), Andrew O'Brien (1998), Robert Lee (1998). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Lord Abbett Core Fixed Income R5 has 509 securities in its portfolio. The top 10 holdings constitute 20.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Lord Abbett Core Fixed Income R5 is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Lord Abbett Core Fixed Income R5 has 9.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.6% (90.5% domestic bond, 9.2% foreign bond and 0.0% convertible bond). Lord Abbett Core Fixed Income R5 has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $3 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LCRTX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Lord Abbett Core Fixed Income R5 expense ratio is below average compared to funds in the Intermediate Core Bond category. Lord Abbett Core Fixed Income R5 has an expense ratio of 0.35%, which is 38% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Lord Abbett Core Fixed Income R5 has a portfolio turnover rate of 453%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 150% for the Intermediate Core Bond category.
Recently, in the month of June 2026, Lord Abbett Core Fixed Income R5 returned 0.3%, which earned it a grade of B, as the Intermediate Core Bond category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Lord Abbett Core Fixed Income R5 has a trailing yield of 4.68%, which is above the 3.97% category average. The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Lord Abbett Core Fixed Income R5 Grades
Year to date, the fund has returned 0.8%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 4.1% over the past year (grade of A), 4.6% over the past three years (grade of A) and 0.2% per year over the past five years (grade of B) and 1.7% per year over the past 10 years (grade of B).
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LCRTX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LCRTX Return (NAV) | 0.3% | 0.8% | 4.1% | 4.6% | 0.2% | 1.7% |
| LCRTX Grade | B | B | A | A | B | B |
| +/- Category | 0.0% | 0.1% | 0.4% | 0.4% | 0.3% | 0.2% |
| Intermediate Core Bond Avg | 0.2% | 0.7% | 3.7% | 4.2% | -0.0% | 1.6% |
| LCRTX Tax Cost Ratio | na | na | 1.9% | 1.9% | 1.6% | 1.5% |
LCRTX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LCRTX Return (NAV) | 0.8% | 7.3% | 2.1% | 5.9% | -13.5% | -0.7% | 8.1% | 8.1% | -0.2% | 3.5% | 3.0% |
| LCRTX Grade | B | B | A | B | C | A | C | D | B | C | B |
| +/- Category | 0.2% | 0.3% | 0.5% | 0.3% | -0.3% | 0.8% | 0.0% | -0.4% | 0.2% | -0.1% | 0.2% |
| Intermediate Core Bond Avg | 0.6% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 5.4% |
| Total Risk Index: | 0.44 - Low |
| Category Risk Index: | 0.97 - Low |
| Category Risk Grade: | A (19% Rank) |
| Beta: | 0.96 |
| R-Squared: | 100% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $4694 Mil |
| Fund Total Assets: | $ 6 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 453% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 27.5 years | |||
| Average Tenure: 11.4 years | |||
| Managers (Year): O'Brien Andrew (1998), Lee Robert (1998), Traub Leah (2021), Castle Adam (2021), Gunnerson Karen (2024), Koleva Yoana (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 509 |
| % in Top 10 Holdings: | 20.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 9.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 90.5% |
| Foreign Bond: | 9.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Lord Abbett |
| Phone Number: | 888-522-2388 |
| Website: | www.lordabbett.com |
| Status: | Open |
| Inception Date: | June 30, 2015 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.35% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | Lord Abbett Core Fixed Income I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
