LCRPX | Core Fixed Income Fund Class P | Lord Abbett
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Core Fixed Income Fund

Summary

Summary

What is the Core Fixed Income Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities.

 

Fund Basicsas of 10/30/2020

Total Net Assets
$2.04 B
Inception Date
Dividend Frequency
-
Number of Holdings
442
Type Assets
U.S. Government Related
MBS
ABS
CMBS
Corporates
Sovereign
Other
Cash
Maturity Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

Credit Quality Distribution as of 10/30/2020 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

22 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Supported By 63 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Portfolio

Portfolio

Rating Assets
U.S. Government Related
MBS
ABS
CMBS
Corporates
Sovereign
Other
Cash
Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

Credit Quality Distribution as of 10/30/2020

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Portfolio Positioning as of 9/30/2020

  • Over the quarter the largest change in the portfolio composition was an increase in the U.S. Treasury allocation as spreads in riskier sectors tightened and we continue to prioritize and emphasize liquidity within the portfolio.
  • We decreased the portfolio’s allocation to investment grade corporate credit. Specifically, we reduced the portfolio’s allocation to high quality corporate bonds in July and August as spreads had tightened significantly since their March wides.
  • We feel valuations are attractive compared to underlying economic fundamentals.  The Fed continues to provide an environment of significantly low volatility, negative real yields, and support to maintain market liquidity.

Portfolio Details as of 10/30/2020

Total Net Assets
$2.04 B
Number of Issues
442
Average Coupon
2.66%
Average Life
7.58 Years
Average Maturity
7.58 Years
Average Effective Duration
5.85 Years

Dividends & Cap Gains

Dividends & Cap Gains

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
11/01/2020 11/30/2020 11/30/2020
12/01/2020 12/31/2020 12/31/2020

Fees & Expenses

Fees & Expenses

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015

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Class P - Performance is shown at net asset value (NAV). Class P shares are not subject to front-end or back-end sales charges.

Class P shares are only available on a limited basis through certain financial intermediaries and retirement and benefit plans. For additional information, see the Fund’s current prospectus.

The Barclays U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. 

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