Fund Evaluator:
Lord Abbett Series Short Duration Inc I (LLDYXX)
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Fund Details
Lord Abbett Series Short Duration Inc I Overview
Lord Abbett Series Short Duration Inc I (LLDYXX) is an actively managed Taxable Bond Short-Term Bond fund. Lord Abbett launched the fund in 2026.
The investment seeks a high level of income consistent with preservation of capital. The fund invests in various types of short duration debt (or fixed income) securities. Under normal conditions, it pursues its investment objective by investing at least 65% of its net assets in investment grade debt securities of various types. The fund will not invest more than 25% of its total assets in any industry; however, this limitation does not apply to mortgage-backed securities, privately issued mortgage-related securities, or securities issued by the U.S. government or its agencies and instrumentalities.
About Lord Abbett Series Short Duration Inc I (LLDYXX)
There are 7 members of the management team with an average tenure of 6.91 years: Steven Rocco (2014), Adam Castle (2021), Yoana Koleva (2022), Ty J. Kern (2025), Gregory Benz (2025), Andrew O'Brien (2014), Robert Lee (2014). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA 1-3Y US Corp TR USD index with a weighting of 100%. Lord Abbett Series Short Duration Inc I has 875 securities in its portfolio. The top 10 holdings constitute 5.6% 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 Series Short Duration Inc I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Lord Abbett Series Short Duration Inc I has 18.3% 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 98.4% (80.1% domestic bond, 18.3% foreign bond and 0.1% convertible bond). Lord Abbett Series Short Duration Inc I has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $10 million in total assets, which is below the $893 million average for the Short-Term 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.
LLDYXX 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 Series Short Duration Inc I expense ratio is average compared to funds in the Short-Term Bond category. Lord Abbett Series Short Duration Inc I has an expense ratio of 0.47%, which is 29% 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 Series Short Duration Inc I has a portfolio turnover rate of 153%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 134% for the Short-Term Bond category.
Recently, in the month of June 2026, Lord Abbett Series Short Duration Inc I returned 0.1%, which earned it a grade of D, as the Short-Term Bond category had an average return of 0.1%. 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 Series Short Duration Inc I has a trailing yield of 0.00%, which is below the 4.15% category average. The fund normally distributes its income annually and its capital gains annually.
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 Series Short Duration Inc I Grades
Year to date, the fund has returned 0.9%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 3.7% over the past year (grade of B), 5.2% over the past three years (grade of C) and 2.2% per year over the past five years (grade of C) and 2.4% per year over the past 10 years (grade of B).
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LLDYXX 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 |
|
| LLDYXX Return (NAV) | 0.1% | 0.9% | 3.7% | 5.2% | 2.2% | 2.4% |
| LLDYXX Grade | D | B | B | C | C | B |
| +/- Category | -0.0% | 0.1% | 0.2% | -0.0% | -0.0% | 0.1% |
| Short-Term Bond Avg | 0.1% | 0.8% | 3.5% | 5.2% | 2.3% | 2.3% |
| LLDYXX Tax Cost Ratio | na | na | na | na | na | na |
LLDYXX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LLDYXX Return (NAV) | 0.9% | 5.9% | 5.1% | 5.1% | -5.1% | 0.6% | 3.1% | 5.1% | 1.2% | 2.2% | 3.5% |
| LLDYXX Grade | C | C | B | D | C | B | D | B | B | B | A |
| +/- Category | 0.0% | 0.0% | 0.2% | -0.5% | -0.0% | 0.7% | -1.1% | 0.3% | 0.4% | 0.3% | 0.9% |
| Short-Term Bond Avg | 0.9% | 5.9% | 4.9% | 5.6% | -5.0% | -0.0% | 4.2% | 4.8% | 0.7% | 1.8% | 2.5% |
| Risk Measures | |
| Standard Deviation: | 1.6% |
| Total Risk Index: | 0.13 - Low |
| Category Risk Index: | 0.79 - Low |
| Category Risk Grade: | A (18% Rank) |
| Beta: | 0.25 |
| R-Squared: | 84% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | -- |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $168 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 153% |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 12.2 years | |||
| Average Tenure: 6.9 years | |||
| Managers (Year): Rocco Steven (2014), O'Brien Andrew (2014), Lee Robert (2014), Castle Adam (2021), Koleva Yoana (2022), Kern Ty J. (2025), Benz Gregory (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 875 |
| % in Top 10 Holdings: | 5.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 18.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 80.1% |
| Foreign Bond: | 18.3% |
| Convertible Bond: | 0.1% |
| Other: | 0.0% |
| Cash: | 1.5% |
Purchase Information
| Fund Family: | Lord Abbett |
| Phone Number: | 888-522-2388 |
| Website: | www.lordabbett.com |
| Status: | Open |
| Inception Date: | May 1, 2026 |
| 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 (%): | 0.47% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | Lord Abbett Series Short Duration Inc VC |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
