LICIX | Corporate Bond Fund Class I | Lord Abbett
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Corporate Bond Fund

Summary

Summary

What is the Corporate Bond Fund ?

The Fund seeks to deliver a high level of current income by investing primarily in investment grade corporate debt securities.

EXPERIENCED, TENURED TEAM

Constructed through the collaboration among 50+ investment professionals with extensive experience managing, researching, and trading corporate debt. 

HIGH QUALITY, CORPORATE FOCUS

Invested primarily in corporate debt securities rated investment grade, limiting credit risk.

LOW EXPENSES

Offers lower expenses relative to its Lipper and Morningstar peer group category average.

Yield

Dividend Yield as of 01/15/2021  

  Subsidized Un-Subsidized
w/o sales charge 3.29% 0.00%

30-Day Standardized Yield as of 12/31/2020  

  Subsidized Un-Subsidized
w/o sales charge 1.90% 0.00%

Fund Basicsas of 12/31/2020

Total Net Assets
$11.75 M
Inception Date
04/20/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
4.06%
Fund Net Expense Ratio
0.48%
Number of Holdings
268
Minimum Initial Investment
$1,000,000+
Type Assets
Investment Grade Corporate
U.S. Government Related
High Yield Corporate
ABS
Other
Cash
Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

CREDIT QUALITY DISTRIBUTION as of 12/31/2020 View Portfolio

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

INVESTMENT TEAM

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

Partner & Portfolio Manager

22 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Yoana N. Koleva
Yoana N. Koleva, CFA

Managing Director & Portfolio Manager

17 Years of Industry Experience

Eric P. Kang
Eric P. Kang

Portfolio Manager

21 Years of Industry Experience

Supported By 63 Investment Professionals with 17 Years Avg. Industry Experience

Your Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 01/15/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.29% 0.00%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.90% 0.00%

Fund Expense Ratio :

Gross 4.06%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge 9.72% 9.72% 6.44% - - 6.33%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 10.07% 10.07% 6.67% - - -
Bloomberg Barclays US Corp Investment Grade Index 9.89% 9.89% 7.06% - - 6.73%

Fund Expense Ratio :

Gross 4.06%

Net 0.48%

Fund Expense Ratio :

Gross 4.06%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge 9.72% 9.72% 6.44% - - 6.33%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 10.07% 10.07% 6.67% - - -
Bloomberg Barclays US Corp Investment Grade Index 9.89% 9.89% 7.06% - - 6.73%

Fund Expense Ratio :

Gross 4.06%

Net 0.48%

Year Fund Returns Bloomberg Barclays US Corp Investment Grade Index
2020 9.72% 9.89%
2019 13.05% 14.54%
2018 -2.77% -2.51%
2017 4.07% 6.42%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - -0.69%
2020 -6.19% 10.40% 2.20% 3.67% 9.72%
2019 4.63% 4.04% 2.78% 1.05% 13.05%
2018 -1.96% -1.18% 0.80% -0.44% -2.77%
2017 - - 1.45% 1.40% 4.07%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Investment Grade Corporate
U.S. Government Related
High Yield Corporate
ABS
Other
Cash
Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

CREDIT QUALITY DISTRIBUTION as of 12/31/2020

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

Portfolio Details as of 12/31/2020

Total Net Assets
$11.75 M
Number of Issues
268
Average Coupon
4.33%
Average Life
12.75 Years
Average Effective Duration
8.82 Years

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

For
YTD Dividends Paidas of 01/15/2021
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2020 $0.02897 $10.65
Daily Daily 11/30/2020 $0.02967 $10.77
Daily Daily 10/31/2020 $0.02913 $10.46
Daily Daily 09/30/2020 $0.02940 $10.53
Daily Daily 08/31/2020 $0.02946 $10.56
Daily Daily 07/31/2020 $0.02976 $10.73
Daily Daily 06/30/2020 $0.03174 $10.39
Daily Daily 05/31/2020 $0.03190 $10.15
Daily Daily 04/30/2020 $0.03177 $9.98
Daily Daily 03/31/2020 $0.03109 $9.50
Daily Daily 02/29/2020 $0.03032 $10.56
Daily Daily 01/31/2020 $0.03125 $10.48

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2021
Daily Daily 02/28/2021
Daily Daily 03/31/2021
Daily Daily 04/30/2021
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

CAPITAL GAINS DISTRIBUTIONS

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2020 12/18/2020 $0.0591 $0.1167 $0.1758 $10.59

Upcoming Capital Gain Distribution

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 12/31/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
4.06% 0.48%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Publish Date:11/03/2015
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Commentary
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