Lord Abbett High Yield Fund (LHYVX)
Lord Abbett High Yield Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Jersey City, NJ, US. The stock last traded at $6.13, down 0.16% on the session, giving a market capitalisation of $3.20B. Its beta of 0.65 implies it has historically moved less than the broad market.
The Lord Abbett High Yield Fund's core investment strategy primarily involves allocating a substantial portion of its capital, specifically at least 80% of its net assets (and any borrowed funds used for investment), into lower-rated debt instruments. These include corporate bonds, as well as securities convertible into common stock or those offering warrants to purchase common stock. Beyond this core focus, the fund has the flexibility to commit a maximum of 20% of its net assets to international holdings. These international investments can encompass securities from emerging markets and American Depository Receipts (ADRs). Additionally, the fund may dedicate up to one-fifth of its net assets to municipal bonds.
Lord Abbett High Yield Fund is most often compared with the following Financial Services names: