Lord Abbett Emerging Markets Currency Fund Class A

 (MUTF:LDMAX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.17%  
1 week
   
-0.67%  
4 week
   
-1.58%  
3 month
   
-3.15%  
YTD
   
-2.83%  
1 year
   
-8.68%  
3 years*
   
-2.76%  
5 years*
   
-0.74%  
*annualized
Best 3 month return+17.79%  
Worst 3 month return-19.88%  

Morningstar statistics

Morningstar category: Multicurrency
  Return Risk Rating
3 years Low Low
5 years Low Low
10 years Low Low
Overall Low Low

Key statistics

Total assets477.17M 
Front load2.25%  
Deferred load-  
Expense ratio0.99%  
Management fee-  
Fund familyLord Abbett 

Asset allocation

Cash15.38%  
Stocks0.00%  
Bonds82.68%  
Other1.94%  

Purchase information

Initial$1,000  
IRA Initial$1,000  
AIP Initial$250  
AIP Additional$50  
5.59+0.03(0.54%)
Apr 1, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks high total return. To pursue its objective, under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in instruments that provide investment exposure to the currencies of, and in fixed income instruments denominated in the currencies of, emerging markets at the time of purchase. Emerging markets include countries in Asia, Africa, the Middle East, Latin America, and Europe. It also may invest up to 15% of its total assets in high yield debt securities. The fund is non-diversified.
Fund filings (PDF) »
Asset managers:
David Ritt (Started: Jan 31, 2012)
Leah Traub (Started: Feb 17, 2009)
Robert Lee (Started: May 1, 2014)
Advisor Company:
Lord, Abbett & Co LLC
Fund family reports on Morningstar »
Lord Abbett, 90 Hudson Street, Jersey City NJ 7302, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* -43.30 -13.29 -14.96 0.97
Beta* 184.43 42.88 60.16 -1.16
Mean annual return -0.45 -0.18 0.03 0.15
R-squared* 5.59 2.03 8.73 0.15
Standard deviation 6.00 7.63 9.18 9.31
Sharpe ratio -0.90 -0.29 0.03 0.04
* Against standard index

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