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Lord Abbett High Yield Fund Class A (LHYAX)

US Funds

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6.44 -0.00 0.00%

22/11 - Closed. Currency in USD

Morningstar Rating:
Total Assets: 729.45M

Type: Fund

Market: United States

Asset Class: Bond

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LHYAX Overview

On this page you'll find an in-depth profile of Lord Abbett High Yield Fund Class A. Learn about the key management, total assets, investment strategy and contact information of LHYAX among other information.

Investment Strategy

The investment seeks a high current income and the opportunity for capital appreciation to produce a high total return. The fund normally pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rated debt securities, including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock. It may invest up to 20% of its net assets in foreign securities (including emerging market securities and American Depository Receipts ("ADRs")). The fund may invest up to 20% of its net assets in municipal securities.

Contact Information

Address 90 Hudson Street
Jersey City,NJ 7302
United States

Phone +1 201 8272000

Web www.lordabbett.com

Top Executives

Name	Title	Since	Until
Christopher J. Gizzo	Managing Director	2018	Now
Biography	Christopher J. Gizzo, Portfolio Manager, has joined Lord Abbett in 2008.
Robert A. Lee	Partner	2013	Now
Biography	Robert A. Lee is a Partner and Chief Investment Officer at the Lord Abbett & Company. Mr. Lee joined Lord Abbett in 1997 and was named Partner in 2002. His prior experience includes: Portfolio Manager and Vice President at ARM Capital Advisors; Assistant Portfolio Manager and Assistant Vice President at Kidder Peabody Asset Management; and Fixed Income Research Analyst at The First Boston Corporation. Mr. Lee received a BS from the University of Pennsylvania. He has been in the investment business since 1991.
Steven F. Rocco	Lead Portfolio Manager	2010	Now
Biography	Mr. Rocco is Partner and Director of Taxable Fixed Income of Lord Abbett. Mr. Rocco is a lead portfolio manager for the high yield fixed income strategy and also contributes as portfolio manager to the multi-sector fixed-income strategy. Mr. Rocco joined Lord Abbett in 2004 and was named Partner in 2011. Mr. Rocco joined Lord Abbett as an associate portfolio manager and then transitioned to lead portfolio manager for our short duration and corporate bond strategies. He was previously a Consultant at FactSet. Mr. Rocco received a BA from Cornell University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 2001.
Karen J. Gunnerson	Portfolio Manager	2021	2024
Biography	Karen Gunnerson is responsible for contributing to the management for the firm’s taxable-fixed income strategies with a focus on high yield and bank loan securities. Ms. Gunnerson joined Lord Abbett in 2017. Her previous experience includes serving as Investment Grade Credit Desk Strategist at RBC Capital Markets, and as a Corporate Credit Risk Associate at Bank of America Merrill Lynch. She has worked in the financial services industry since 2010. She earned a BS in finance from the Warrington College of Business at the University of Florida.
Christopher J. Towle	N/A	1998	2014
Biography	Mr. Towle is the lead portfolio manager of the bank loans, bond debenture, and convertibles strategies and also oversees the high yield strategy. Mr. Towle joined Lord Abbett in 1987 and was named Partner in 1998. His prior experience includes: Assistant Vice President and Portfolio Manager at American International Group; Investment Officer and Analyst at Savings Bank Trust Company; Senior Securities Trader at the Union Trust Company. Mr. Towle received a BA from Rutgers University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1980.
Michael S. Goldstein	Managing Director	1998	2010
Biography	Mr. Goldstein joined the Goldman Sachs Asset Management, L.P. in 2010. Prior to joining Goldman Sachs Asset Management, L.P. he was a partner and director of high yield at Lord Abbett where he was responsible for managing high yield mutual funds and separately managed accounts. Mr. Goldstein joined Lord Abbett in 1997.
Richard Szaro	Portfolio Manager	1998	2006
Biography	Szaro is a portfolio manager Lord Abbett & Company, his employer since 1983.
Thomas Baade	Portfolio Manager	1998	2006
Biography	Baade is a portfolio manager with Lord Abbett & Company, his employer since 1998. Previously, he served as a credit analyst with Greenwich Street Advisors.

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Recent Quotes

	Name	Price	Chg.	Chg. %
	Lord Abbett High .	6.44	-0.00	0.00%