Fund Evaluator:
Lord Abbett Total Return F3 (LTROX)
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Best Performing in Intermediate Core-Plus Bond Over the Last Year
| 5.0% | Performance Trust Total Return Bd Inst (PTIAX) |
| 5.0% | Diamond Hill Core Plus Bond Y (DHNYX) |
| 4.9% | Diamond Hill Core Plus Bond I (DHNIX) |
| 4.7% | Carillon Reams Core Plus Bond I (SCPZX) |
| 4.7% | Cavanal Hill Strategic Enhanced Yld Inv (APENX) |
Fund Details
Lord Abbett Total Return F3 Overview
Lord Abbett Total Return F3 (LTROX) is an actively managed Taxable Bond Intermediate Core-Plus Bond fund. Lord Abbett launched the fund in 2017.
The investment seeks income and capital appreciation to produce a high total return. The fund pursues its investment objective by investing in investment grade debt securities including securities issued or guaranteed by the U.S. government, its agencies or instrumentalities; Corporate debt securities; Mortgage-backed, mortgage-related, and other asset-backed securities; Inflation-linked investments; structured securities and other hybrid instruments and loans. It may invest up to 20% of its net assets in high-yield debt securities. It may invest up to 20% of its net assets in debt securities of non-U.S. issuers that are denominated in non-U.S. currencies.
About Lord Abbett Total Return F3 (LTROX)
There are 7 members of the management team with an average tenure of 9.78 years: Steven Rocco (2016), Leah Traub (2021), Adam Castle (2021), Yoana Koleva (2025), Karen Gunnerson (2024), Andrew O'Brien (2007), Robert Lee (2000). 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 Total Return F3 has 560 securities in its portfolio. The top 10 holdings constitute 20.9% 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 Total Return F3 is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Lord Abbett Total Return F3 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 98.9% (89.7% domestic bond, 9.2% foreign bond and 0.3% convertible bond). Lord Abbett Total Return F3 has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $1 billion average for the Intermediate Core-Plus 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.
LTROX 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 Total Return F3 expense ratio is below average compared to funds in the Intermediate Core-Plus Bond category. Lord Abbett Total Return F3 has an expense ratio of 0.36%, which is 54% lower than its category average, making the fund expense ratio grade a A. 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 Total Return F3 has a portfolio turnover rate of 429%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 180% for the Intermediate Core-Plus Bond category.
Recently, in the month of June 2026, Lord Abbett Total Return F3 returned 0.2%, which earned it a grade of F, as the Intermediate Core-Plus Bond category had an average return of 0.3%. 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 Total Return F3 has a trailing yield of 4.98%, which is above the 4.29% 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 Total Return F3 Grades
Year to date, the fund has returned 0.7%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 4.3% over the past year (grade of B), 5.0% over the past three years (grade of B) and 0.6% per year over the past five years (grade of B) and 2.1% per year over the past 10 years (grade of C).
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LTROX 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 |
|
| LTROX Return (NAV) | 0.2% | 1.0% | 4.3% | 5.0% | 0.6% | 2.1% |
| LTROX Grade | F | C | B | B | B | C |
| +/- Category | -0.1% | 0.0% | 0.4% | 0.3% | 0.3% | 0.0% |
| Intermediate Core-Plus Bond Avg | 0.3% | 0.9% | 3.9% | 4.7% | 0.3% | 2.1% |
| LTROX Tax Cost Ratio | na | na | 2.0% | 2.0% | 1.8% | na |
LTROX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LTROX Return (NAV) | 0.7% | 7.7% | 2.9% | 6.5% | -13.8% | 0.3% | 7.6% | 8.7% | -0.6% | 4.1% | 4.3% |
| LTROX Grade | C | B | B | C | C | A | D | D | B | D | C |
| +/- Category | -0.0% | 0.3% | 0.6% | 0.4% | -0.4% | 0.9% | -1.1% | -0.4% | 0.3% | -0.3% | -0.1% |
| Intermediate Core-Plus Bond Avg | 0.7% | 7.3% | 2.3% | 6.1% | -13.4% | -0.6% | 8.6% | 9.1% | -0.9% | 4.4% | 4.3% |
| Risk Measures | |
| Standard Deviation: | 5.3% |
| Total Risk Index: | 0.44 - Low |
| Category Risk Index: | 0.96 - Below Average |
| Category Risk Grade: | B (20% Rank) |
| Beta: | 0.95 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 5.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $3628 Mil |
| Fund Total Assets: | $1,038 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 429% |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 25.9 years | |||
| Average Tenure: 9.8 years | |||
| Managers (Year): Lee Robert (2000), O'Brien Andrew (2007), Rocco Steven (2016), Traub Leah (2021), Castle Adam (2021), Gunnerson Karen (2024), Koleva Yoana (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 560 |
| % in Top 10 Holdings: | 20.9% |
| 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: | 89.7% |
| Foreign Bond: | 9.2% |
| Convertible Bond: | 0.3% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Fund Family: | Lord Abbett |
| Phone Number: | 888-522-2388 |
| Website: | www.lordabbett.com |
| Status: | Open |
| Inception Date: | April 4, 2017 |
| 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 (%): | 0.36% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.78% |
| Share Class: | Lord Abbett Total Return I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
