LIFRX | Inflation Focused Fund Class R3 | Lord Abbett
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Inflation Focused Fund

Summary

Summary

What is the Inflation Focused Fund?

The Fund seeks to deliver total returns that exceed the rate of inflation in the U.S. over a full inflation cycle and current income by combining investments in inflation-linked derivatives with a portfolio of fixed income securities.
 

EXPERIENCED INVESTMENT TEAM

The strategy is managed through a collaboration among 40+ investment professionals in portfolio management, credit research, and trading.

HIGHER INCOME POTENTIAL WITH LOWER DURATION

The strategy has provided the highest income stream in the Morningstar category and offers inflation protection with one-third the duration of the average TIPS-based portfolio.

TRUE INFLATION PROTECTION

The Fund has historically demonstrated negative correlation with Treasuries, providing diversification benefits to clients' portfolios.

Yield

Dividend Yield 1 as of 12/03/2020  

w/o sales charge 3.81%

30-Day Standardized Yield 2 as of 10/31/2020  

1.35%

Fund Basicsas of 10/30/2020

Total Net Assets
$628.99 M
Inception Date
04/29/2011
Dividend Frequency
Monthly
Fund Expense Ratio
0.99%
Number of Holdings
1070

Fund Expense Ratio :

0.99%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 2.63% 4.65% 2.05% 2.10% - 0.70%
Lipper Category Avg. Inflation Protected Bond Funds - - - - - -

Fund Expense Ratio :

0.99%

Fund Expense Ratio :

0.99%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge -0.34% 2.86% 1.19% 1.85% - 0.40%
Lipper Category Avg. Inflation Protected Bond Funds 7.30% 8.37% 4.60% 3.77% - -

Fund Expense Ratio :

0.99%

Type Assets
Investment Grade Corporate
ABS
CMBS
High Yield Corporate
Bank Loans
MBS
U.S. Government Related
Sovereign
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 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

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Hyun Lee
Hyun Lee, CFA

Portfolio Manager

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 12/03/2020  

w/o sales charge 3.81%

30-Day Standardized Yield 2 as of 10/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.35% 1.35%

Fund Expense Ratio :

0.99%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 2.63% 4.65% 2.05% 2.10% - 0.70%
Lipper Category Avg. Inflation Protected Bond Funds - - - - - -

Fund Expense Ratio :

0.99%

Fund Expense Ratio :

0.99%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge -0.34% 2.86% 1.19% 1.85% - 0.40%
Lipper Category Avg. Inflation Protected Bond Funds 7.30% 8.37% 4.60% 3.77% - -

Fund Expense Ratio :

0.99%

Year Fund Returns
2019 4.63%
2018 -1.56%
2017 1.03%
2016 4.74%
2015 -2.51%
2014 -5.54%
2013 -1.97%
2012 9.79%
2011 -3.56%
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -14.93% 10.47% 6.06% - 3.84%
2019 2.61% 0.25% -1.44% 3.21% 4.63%
2018 0.33% 0.88% 0.63% -3.36% -1.56%
2017 0.66% -1.68% 1.14% 0.94% 1.03%
2016 -0.97% -0.64% 2.38% 3.98% 4.74%
2015 -0.25% 1.64% -4.68% 0.87% -2.51%
2014 -0.12% 2.21% -2.88% -4.73% -5.54%
2013 0.50% -3.81% 1.25% 0.14% -1.97%
2012 5.47% -0.93% 3.02% 1.99% 9.79%
2011 - - -6.03% 2.18% -3.56%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
ABS
CMBS
High Yield Corporate
Bank Loans
MBS
U.S. Government Related
Sovereign
Other
Cash
Rating 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 10/30/2020

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

Portfolio Positioning as of 9/30/2020

  • This strategy combines a short-term bond portfolio with an overlay of CPI swaps in order to hedge against inflation over a full market cycle.
  • During the weakness in September, while the risk exposure remained generally unchanged, we increased the Fund’s market weight in short-term high yield bonds with near term calls, as we found attractive relative value in specific issues within auto and telecom sectors. Within autos, we added to U.S. auto-makers as we continue to favor U.S. consumer strength and see tailwinds from the involvement from the U.S. Federal Reserve.
  • We decreased the Fund’s allocation to CMBS over the quarter and further improved the quality of the position. As spreads continued to repair, we trimmed the portfolio’s position as lingering concerns regarding the fundamentals of lower quality retail and hotel commercial real estate remain.

Portfolio Details as of 10/30/2020

Total Net Assets
$628.99 M
Number of Issues
1070
Average Coupon
3.52%
Average Life
2.87 Years
Average Maturity
2.87 Years
Average Effective Duration
2.69 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 12/03/2020
$0.356
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2020 $0.03644 $11.34
Daily Daily 10/31/2020 $0.03314 $11.16
Daily Daily 09/30/2020 $0.03363 $11.08
Daily Daily 08/31/2020 $0.03512 $11.21
Daily Daily 07/31/2020 $0.02885 $10.79
Daily Daily 06/30/2020 $0.03408 $10.54
Daily Daily 05/31/2020 $0.02864 $10.27
Daily Daily 04/30/2020 $0.03312 $10.11
Daily Daily 03/31/2020 $0.03037 $9.63
Daily Daily 02/29/2020 $0.02934 $11.09
Daily Daily 01/31/2020 $0.03329 $11.30

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 12/31/2020

Fees & Expenses

Fees & Expenses

Expense Ratioas of 10/31/2020

0.99%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
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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
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Publish Date:11/03/2015
Publish Date:11/03/2015

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Class R3 - The performance quotations for Class R3 reflect the following methods of calculation: (a) for periods prior to the inception date for Class R3, a restated figure is used based on the Fund's Class A performance, excluding the effect of Class A's maximum sales charge (which does not apply to Class R3, adjusted to reflect the Rule 12b-1 rate differential between Class A and Class R3, which has a higher 12b-1 fee than Class A; and (b) for periods after the inception date for Class R3, actual Class R3 performance is used reflecting all charges and fees applicable to Class R3 shares. Hypothetical performance data for Class R3, as measured from since inception of the Fund using the methodology described above, is not available if the Class A inception date is equal or greater than ten years old. Please refer to the Class R3 performance information for the inception date for Class R3. Please refer to the Class A performance information for the inception date for Class A.

Class R3 shares are only offered to certain eligible investors.  For additional information, see the Fund’s current prospectus.

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