Credit Opportunities Fund | Lord Abbett

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Credit Opportunities Fund

fund alert

January 27 is the quarterly deadline to redeem the Credit Opportunities Fund.

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the Credit Opportunities Fund?

The Fund seeks to deliver high current income and total return through a flexible strategy investing across a broad range of global fixed income sectors.

A LEADER IN CREDIT

An investment team with proven capabilities across corporate credit and structured product sectors.

A FLEXIBLE APPROACH

Flexibility to capture opportunities across multiple sectors of the global fixed income markets.

AN EXPANDED OPPORTUNITY SET

Potential for enhanced yield and return in less liquid sectors of fixed income markets through an interval fund structure.

Fund Basicsas of 10/31/2025

Total Net Assets
$3.00 B
Inception Date
Dividend Frequency
-
Number of Holdings
181

Adjusted Expense Ratio – Excludes certain investment expenses, such as the interest expense from borrowing in certain underlying funds.

RELATED CONTENT

Interval Funds Explained

Interval funds can allocate to asset classes that are less liquid than those typically found in mutual funds but may offer the potential to generate higher long-term returns.

 

LEAD PORTFOLIO MANAGERS

Rocco-Steve_headshot

Steven F. Rocco, CFA
Partner, Co-Head of Taxable Fixed Income
24 Years of Industry Experience

Castle-Adam_headshot

Adam C. Castle, CFA
Partner, Portfolio Manager
17 Years of Industry Experience

Kang-Eric_headshot

Eric P. Kang
Partner, Portfolio Manager
26 Years of Industry Experience

 

INVESTMENT COUNCIL

Gizzo-Christopher_headshot

Christopher Gizzo, CFA
Partner, Deputy Director of Leveraged Credit
17 Years of Industry Experience

Lehmann-Jeremy_headshot

Jeremy Lehmann, CFA
Portfolio Manager
13 Years of Industry Experience

Novak-John_headshot

John M. Novak, CFA
Managing Director, Head of Research - U.S. Bank Loans
29 Years of Industry Experience

Trifon-Harris_headshot

Harris Trifon
Partner, Portfolio Manager
25 Years of Industry Experience

Skulkina-Mila_headshot

Mila Skulkina, CFA
Senior Managing Director, Portfolio Manager
24 Years of Industry Experience

Solomon-Todd_headshot

Todd Solomon
Portfolio Manager
29 Years of Industry Experience

Posner-Kearney_headshot

Kearney Posner, CFA
Partner, Portfolio Manager
26 Years of Industry Experience

Performance

Performance

Portfolio

Portfolio

Type Assets
U.S. High Yield Corporate
CLO
Non-U.S. High Yield Corporate
Bank Loans
ABS
Private Credit
Convertibles
U.S. Investment Grade Corporate
Emerging Market
Common Stock
Equity
CMBS
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

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

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 10/31/2025

Rating Assets
A
BBB
BB
B
CCC
<CCC
Not Rated

Portfolio Details as of 10/31/2025

Total Net Assets
$3.00 B
Average Effective Duration
2.16 Years
Average Life
4.2 Years
Average Maturity
5.93 Years
Number of Issues
181
Average Yield to Maturity
11.36%
Distribution Yield (as of )
%

To view definitions for the above Portfolio Details, Click here.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
LA PRIVATE CREDIT FUND S0.000% 04/02/20993.9%
LBM Acquisition LLC6.250% 01/15/20292.8%
Vital Energy Inc7.875% 04/15/20322.5%
Park-Ohio Industries Inc8.500% 08/01/20292.3%
Saturn Oil & Gas Inc9.625% 09/05/20282.2%
Park River Holdings Inc8.750% 12/31/20302.2%
ZF North America Capital Inc7.500% 03/24/20312.1%
Vermilion Energy Inc7.250% 02/15/20332.0%
Hughes Satellite Systems Corp6.625% 08/01/20262.0%
Cornerstone Building Brands Inc6.125% 01/15/20292.0%
Kraken Oil & Gas Partners LLC7.625% 08/15/20291.7%
Gray Media Inc5.375% 11/15/20311.6%
Sinclair Television Group Inc7.399% 12/31/20291.6%
Transocean International Ltd7.500% 04/15/20311.5%
CMG Media Corp8.875% 06/18/20291.5%
Borr IHC Ltd / Borr Finance LLC10.375% 11/15/20301.5%
JELD-WEN Inc7.000% 09/01/20321.5%
X Corp9.500% 10/29/20291.4%
Nabors Industries Inc8.875% 08/15/20311.4%
ACProducts Holdings Inc6.375% 05/15/20291.4%
SCF Equipment Leasing 2022-2 LLC6.500% 05/16/20281.4%
LA PRIVATE CREDIT FUND0.000% 10/04/20991.4%
BARCLAYS CAPITAL4.150% 11/03/20251.3%
Scripps Escrow II Inc5.375% 01/15/20311.3%
Venture Global LNG Inc9.000% 09/30/20291.3%
VStrong Auto Receivables Trust 2024-A10.120% 10/13/20281.2%
American Axle & Manufacturing Inc7.750% 10/15/20301.1%
ASP Unifrax Holdings Inc11.175% 09/30/20291.1%
CSC Holdings LLC4.625% 12/01/20301.1%
Transocean International Ltd6.800% 03/15/20381.0%
SCF Preferred Equity LLC7.500% 10/16/21741.0%
888 Acquisitions LLC9.104% 07/03/20281.0%
Herens Midco Sarl5.250% 05/15/20291.0%
Exeter Automobile Receivables Trust 2023-29.750% 03/22/20281.0%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.9%
Conair Holdings LLC7.901% 05/17/20280.9%
EW Scripps Co/The9.875% 08/15/20300.9%
Central Parent LLC7.144% 07/06/20290.8%
Baytex Energy Corp7.375% 03/15/20320.8%
Alloy Finco Ltd0.005% 03/06/20250.8%
DISH DBS Corp5.125% 06/01/20290.8%
Santander Bank Auto Credit-Linked Notes Series 2022-C14.592% 02/13/20260.8%
Sinclair Television Group Inc8.184% 12/31/20300.7%
Kodiak BP LLC7.910% 12/04/20310.7%
Moss Creek Resources Holdings Inc8.250% 09/01/20310.7%
WULF Compute LLC7.750% 10/15/20290.7%
Atlanticus Holdings Corp9.750% 09/01/20300.7%
Oscar AcquisitionCo LLC / Oscar Finance Inc9.500% 04/15/20300.7%
Exeter Automobile Receivables Trust 2024-27.980% 07/30/20280.7%
Brand Industrial Services Inc8.354% 08/01/20300.7%
Hilcorp Energy I LP / Hilcorp Finance Co7.250% 02/15/20350.6%
OCP CLO 2023-26 Ltd0.000% 11/03/20250.6%
Santander Bank Auto Credit-Linked Notes Series 2022-B14.552% 01/27/20260.5%
Exeter Automobile Receivables Trust 2023-112.070% 02/18/20280.5%
Nabors Industries Inc1.750% 06/15/20290.5%
KKR CLO 56 Ltd10.405% 02/26/20340.5%
Santander Bank Auto Credit-Linked Notes Series 2022-A12.662% 01/27/20260.5%
Kosmos Energy Ltd7.500% 03/01/20280.5%
Cable One Inc4.000% 11/15/20300.5%
Cedar Funding XVIII CLO Ltd7.760% 01/28/20330.5%
CTM CLO 2025-1 Ltd7.835% 07/29/20340.5%
AGL CLO 30 Ltd10.620% 10/05/20330.5%
VistaJet Malta Finance PLC / Vista Management Holding Inc6.375% 02/01/20300.5%
AutoNation Inc0.000% 11/03/20250.4%
Borr Drilling Ltd5.000% 02/08/20280.4%
Madison Park Funding XLVII Ltd7.784% 12/30/20320.4%
Rackspace Finance LLC6.849% 05/15/20280.4%
Park River Holdings Inc8.000% 09/15/20280.4%
New Mountain CLO 5 Ltd0.000% 07/21/20360.4%
Benefit Street Partners CLO XXXIX Ltd0.000% 07/17/20380.4%
Rad CLO 22 Ltd0.000% 11/03/20250.4%
Trinitas CLO XXVI Ltd10.634% 06/26/20350.4%
RR 18 Ltd0.000% 11/03/20250.4%
Ballyrock CLO 24 Ltd0.000% 11/03/20250.4%
KKR CLO 47 Ltd10.405% 01/01/20350.4%
ICG US CLO 2024-R1 Ltd7.508% 08/11/20340.4%
Dryden 94 CLO Ltd12.005% 05/11/20340.3%
Elmwood CLO 20 Ltd0.000% 11/03/20250.3%
Bryant Park Funding 2025-26 Ltd9.234% 05/23/20350.3%
NGC CLO 2 LTD7.434% 05/05/20340.3%
Empower CLO 2024-2 Ltd9.955% 09/15/20340.3%
Dryden 115 CLO Ltd10.984% 10/08/20330.3%
Sycamore Tree CLO 2023-3 Ltd8.134% 06/28/20330.3%
CAL Receivables 2022-1 LLC8.584% 11/20/20250.3%
AMC Networks Inc4.250% 02/15/20290.3%
Ally Auto Receivables Trust 2024-10.000% 07/17/20300.3%
Bain Capital Credit CLO 2024-4 Ltd9.860% 01/08/20350.3%
AMMC CLO 31 Ltd9.334% 08/19/20340.3%
EquipmentShare.com Inc8.000% 03/15/20330.3%
Harmony-Peace Park CLO Ltd6.884% 07/07/20340.3%
Saks Global Enterprises LLC11.000% 12/15/20290.3%
Altice France SA6.500% 03/15/20320.3%
AMMC CLO 30 Ltd11.635% 03/25/20330.3%
Ares LXXIV CLO Ltd9.905% 01/12/20350.3%
GLS Auto Receivables Issuer Trust 2024-27.980% 07/02/20280.3%
720 East CLO 2022-I Ltd9.784% 06/18/20340.3%
Silver Point CLO 9 Ltd11.188% 08/20/20350.3%
Ares LV CLO Ltd10.405% 03/19/20340.3%
Exeter Automobile Receivables Trust 2024-37.840% 07/03/20280.3%
Exeter Automobile Receivables Trust 2024-57.220% 10/08/20270.3%
Perimeter Master Note Business Trust12.800% 07/17/20290.3%
Meritage Homes Corp1.750% 05/15/20280.3%
Trinitas CLO XXVI Ltd7.584% 01/10/20350.3%
Rockford Tower CLO 2025-1 Ltd9.505% 05/26/20350.2%
Rad CLO 20 Ltd10.284% 03/18/20320.2%
Sycamore Tree CLO 2024-5 Ltd10.254% 10/20/20380.2%
AMMC CLO 23 Ltd10.532% 12/21/20340.2%
Barrow Hanley CLO I Ltd9.134% 12/30/20340.2%
CP Atlas Buyer Inc12.750% 01/15/20310.2%
ASP Unifrax Holdings Inc0.025% 09/28/20290.2%
Lumen Technologies Inc4.500% 01/15/20290.2%
Generate Clo 13 Ltd11.910% 03/20/20330.2%
Generate Clo 13 Ltd8.870% 10/22/20320.2%
Wilsonart LLC11.000% 08/15/20320.2%
Generate CLO 20 Ltd9.208% 09/25/20340.2%
CIFC Funding 2024-I Ltd7.584% 04/14/20330.2%
Empower CLO 2023-2 Ltd9.505% 11/13/20350.2%
Nine Energy Service Inc13.000% 02/01/20280.2%
Oscar Acquisitionco LLC8.276% 04/30/20290.2%
First Brands Group LLC9.461% 03/30/20270.2%
Hayfin US XIV Ltd9.984% 11/20/20350.2%
SBNA Auto Receivables Trust 2024-A8.000% 08/03/20280.2%
SGUS LLC11.000% 12/15/20290.2%
USB Auto Owner Trust 2025-10.000% 11/03/20250.2%
Evergy Missouri West Inc0.000% 11/03/20250.2%
INVESCO US CLO 2025-1 LTD10.281% 06/28/20350.2%
CIFC Funding 2023-II Ltd11.840% 09/06/20330.2%
ASP Unifrax Holdings Inc7.100% 09/30/20290.2%
Sandstone Peak II Ltd10.334% 08/30/20350.2%
Trinitas CLO XXII Ltd9.884% 03/20/20380.2%
Elmwood CLO 14 Ltd9.779% 07/30/20350.2%
Generate CLO 22 Ltd9.599% 07/21/20350.2%
Ballyrock CLO 26 Ltd0.000% 11/03/20250.2%
Tronox Inc4.625% 03/15/20290.2%
Bain Capital Credit Clo 2024-5 Ltd10.020% 06/01/20340.2%
APIDOS CLO XLVIII Ltd9.608% 02/03/20340.2%
AMC Networks Inc4.250% 02/15/20290.2%
Exeter Automobile Receivables Trust 2021-10.000% 07/15/20330.2%
1988 CLO 4 Ltd10.825% 03/16/20340.1%
37 Capital Clo 4 Ltd9.255% 11/22/20310.1%
Bridge Street CLO V Ltd9.234% 11/14/20340.1%
Hayfin US XII Ltd9.634% 01/03/20350.1%
First Brands Group LLC9.473% 03/30/20270.1%
Orion CLO 2025-5 Ltd9.834% 02/10/20350.1%
AB BSL CLO 4 Ltd0.000% 10/22/20370.1%
Saks Global Enterprises LLC11.000% 12/15/20290.1%
Silver Point CLO 1 Ltd9.134% 08/27/20340.1%
Sunac China Holdings Ltd0.000% 09/30/20280.1%
Affirm Asset Securitization Trust 2025-X10.000% 11/03/20250.1%
Ares LXVIII CLO Ltd9.858% 12/26/20330.1%
POLUS US CLO I Ltd11.224% 12/18/20340.1%
PenFed Auto Receivables Owner Trust 2022-A0.000% 11/03/20250.1%
First Brands Group LLC5.534% 06/29/20260.1%
Affirm Asset Securitization Trust 2024-X20.000% 12/17/20290.1%
720 East CLO 2023-I Ltd11.215% 08/18/20340.1%
HINNT 2024-A LLC7.000% 06/11/20270.1%
Terawulf Inc0.000% 05/01/20320.1%
Shimao Group Holdings Ltd0.000% 09/09/99990.1%
Affirm Asset Securitization Trust 2024-X10.000% 05/15/20290.1%
OCP CLO 2024-31 Ltd10.784% 10/15/20330.0%
Laurel Road Prime Student Loan Trust 2019-A0.000% 11/03/20250.0%
Flagship Credit Auto Trust 2020-40.000% 11/03/20250.0%
Exeter Automobile Receivables Trust 2021-40.000% 11/03/20250.0%
ACBL0.000% 09/09/99990.0%
Carvana Auto Receivables Trust 2021-N10.000% 11/03/20250.0%
Sierra Timeshare 2024-2 Receivables Funding LLC7.480% 06/25/20270.0%
Rockland Park CLO Ltd9.584% 04/20/20320.0%
CIFI Holdings Group Co Ltd6.000% 07/16/20250.0%
FX USD/EUR 11/25- 11/21/20250.0%
Logan Group Co Ltd5.250% 02/23/20230.0%
NEW MOUNTAIN CLO 5 LTD0.000% 07/20/20360.0%
Logan Group Co Ltd4.500% 01/13/20280.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-BOLT11.137% 08/15/20330.0%
Kleopatra Finco Sarl9.000% 09/01/20290.0%
CIFI Holdings Group Co Ltd4.375% 04/12/20270.0%
CIFI Holdings Group Co Ltd5.250% 05/13/20260.0%
ACBL HLDG CORP0.000% 09/09/99990.0%
Rackspace Technology Global Inc5.375% 12/01/20280.0%
Sunac China Holdings Ltd0.000% 09/09/99990.0%
Sunac China Holdings Ltd7.250% 09/30/20300.0%
Sunac China Holdings Ltd7.000% 09/30/20290.0%
Sunac China Holdings Ltd6.500% 09/30/20270.0%
Sunac China Holdings Ltd6.750% 09/30/20280.0%
Sunac China Holdings Ltd6.000% 09/30/20250.0%
Sunac China Holdings Ltd6.250% 09/30/20260.0%
Shimao Group Holdings Ltd5.000% 05/17/20300.0%
Citgo Holding Inc9.633% 08/01/20230.0%
Credit Default Swap0.250% 12/20/20260.0%
CHINOS INTERMEDIATE 2 LLC0.000% 09/09/99990.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.805% 11/10/20250.0%
FX CAD/USD 01/26- 01/23/20260.0%
FX EUR/USD 11/25- 11/21/20250.0%
FX EUR/USD 11/25- 11/21/20250.0%
FX EUR/USD 11/25- 11/21/20250.0%
FX EUR/USD 11/25- 11/21/20250.0%
FX USD/CAD 01/26- 01/23/20260.0%
Miller's Ale House Inc9.063% 05/30/20250.0%
Pagaya AI Debt Selection Trust 2020-10.000% 11/03/20250.0%
Pagaya AI Debt Selection Trust 2021-10.000% 11/03/20250.0%
PODS LLC7.461% 03/31/20280.0%
Holding Coupon Maturity Assets
LA PRIVATE CREDIT FUND S 0.000% 04/02/2099 3.9%
LBM Acquisition LLC 6.250% 01/15/2029 2.8%
Vital Energy Inc 7.875% 04/15/2032 2.5%
Park-Ohio Industries Inc 8.500% 08/01/2029 2.3%
Saturn Oil & Gas Inc 9.625% 09/05/2028 2.2%
Park River Holdings Inc 8.750% 12/31/2030 2.2%
ZF North America Capital Inc 7.500% 03/24/2031 2.1%
Vermilion Energy Inc 7.250% 02/15/2033 2.0%
Hughes Satellite Systems Corp 6.625% 08/01/2026 2.0%
Cornerstone Building Brands Inc 6.125% 01/15/2029 2.0%
% of Total Assets 24.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Dividends & Cap Gains

Dividends & Cap Gains

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
12/30/2025 12/31/2025 12/31/2025

Fees & Expenses

Fees & Expenses

Adjusted Expense Ratio – Excludes certain investment expenses, such as the interest expense from borrowing in certain underlying funds.

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Statutory Prospectus
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
Fund Story
Publish Date:11/03/2015
Repurchase Calendar
Publish Date:11/03/2015

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