Credit Opportunities Fund | Lord Abbett

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Credit Opportunities Fund

fund alert

July 21 is the next quarterly deadline to redeem the Credit Opportunities Fund.

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

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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 04/30/2026

Total Net Assets
$2.85 B
Inception Date
Dividend Frequency
-
Number of Holdings
194

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

 

LEAD PORTFOLIO MANAGERS

rocco-steven

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

castle-adam

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

kang-eric

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

Performance

Performance

Portfolio

Portfolio

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

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 04/30/2026

Rating Assets
Treasury
AAA
AA
BBB
BB
B
CCC
<CCC
Not Rated

Portfolio Details as of 04/30/2026

Total Net Assets
$2.85 B
Average Effective Duration
1.96 Years
Average Life
4.1 Years
Average Maturity
5.92 Years
Number of Issues
194
Average Yield to Maturity
11.17%
Distribution Yield (as of )
%

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

Average Effective Maturity is the weighted average of all the maturities of the securities held in a fund. The maturity of a security is the length of time until final payment is due, or if applicable, an earlier date based on relevant factors such as maturity-shortening devices. 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
BARCLAYS CAPITAL3.700% 04/01/20264.3%
LAC REPO3.150% 04/01/20264.3%
United States Treasury Note/Bond3.375% 02/29/20284.3%
LA PRIVATE CREDIT FUND S0.000% -4.2%
Park River Holdings Inc8.750% 12/31/20302.3%
Venture Global LNG Inc9.000% 09/30/20292.1%
Park-Ohio Industries Inc8.500% 08/01/20291.9%
LBM Acquisition LLC6.250% 01/15/20291.9%
Level 3 Financing Inc8.500% 01/15/20341.7%
Borr IHC Ltd / Borr Finance LLC10.375% 11/15/20301.6%
VistaJet Malta Finance PLC / Vista Management Holding Inc6.375% 02/01/20301.6%
Sinclair Television Group Inc7.091% 12/31/20291.5%
Transocean International Ltd6.800% 03/15/20381.5%
ZF North America Capital Inc7.500% 03/24/20311.4%
HCA Inc0.000% 04/20/20261.4%
CMG Media Corp8.875% 06/18/20291.4%
Hughes Satellite Systems Corp6.625% 08/01/20261.4%
LA PRIVATE CREDIT FUND0.000% -1.4%
Alloy Finco Ltd0.500% 03/06/20281.3%
Specialty Building Products Holdings LLC7.523% 10/16/20281.3%
VStrong Auto Receivables Trust 2024-A10.120% 01/06/20291.2%
Cable One Inc4.000% 11/15/20301.2%
Boxer Parent Co Inc6.673% 07/30/20311.2%
OneMain Finance Corp6.500% 03/15/20331.2%
ACProducts Holdings Inc6.375% 05/15/20291.2%
JELD-WEN Holding Inc7.000% 09/01/20321.1%
Comstock Resources Inc5.875% 01/15/20301.1%
Kraken Oil & Gas Partners LLC7.625% 08/15/20281.1%
Saturn Oil & Gas Inc9.625% 10/14/20281.1%
CSC Holdings LLC4.625% 12/01/20301.1%
CP Atlas Buyer Inc12.750% 01/15/20311.1%
Scripps Escrow II Inc5.375% 01/15/20311.0%
Phillips 660.000% 04/02/20261.0%
Quanta Services Inc0.000% 04/01/20261.0%
Exeter Automobile Receivables Trust 2023-29.750% 06/18/20281.0%
American Axle & Manufacturing Inc7.750% 10/15/20331.0%
Ovintiv Inc0.000% 04/01/20261.0%
SCF Preferred Equity LLC7.500% 10/16/21741.0%
Brand Industrial Services Inc8.139% 08/01/20301.0%
International Flavors & Fragrances Inc0.000% 04/30/20260.9%
Gray Media Inc5.375% 11/15/20310.9%
Central Parent LLC6.921% 07/06/20290.9%
Conair Holdings LLC7.543% 05/17/20280.9%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.8%
Wilsonart LLC11.000% 08/15/20320.8%
888 Acquisitions LLC8.914% 07/03/20280.8%
United States Treasury Note/Bond3.875% 03/31/20310.8%
Sinclair Television Group Inc7.877% 12/31/20300.7%
SESI LLC7.875% 03/02/20290.7%
Transocean International Ltd7.500% 04/15/20310.7%
Exeter Automobile Receivables Trust 2024-27.980% 10/18/20280.7%
Evergy Missouri West Inc0.000% 04/01/20260.6%
Sonoco Products Co0.000% 04/16/20260.6%
Nabors Industries Inc1.750% 06/15/20290.6%
NGPL PipeCo LLC0.000% 04/01/20260.6%
Exeter Automobile Receivables Trust 2023-112.070% 12/29/20270.5%
Rocket Software Inc7.423% 11/28/20280.5%
Oscar AcquisitionCo LLC / Oscar Finance Inc9.500% 04/15/20300.5%
Evergy Missouri West Inc0.000% 04/07/20260.5%
LABL Inc8.625% 10/01/20310.5%
888 Acquisitions Ltd8.000% 09/30/20310.5%
OCP CLO 2023-26 Ltd0.000% 04/01/20260.5%
CTM CLO 2025-1 Ltd7.172% 06/26/20340.5%
Cedar Funding XVIII CLO Ltd7.571% 02/26/20330.5%
Parallel 2023-1 Ltd5.058% 10/24/20300.5%
Rogers Communications Inc/Ontario0.000% 04/09/20260.4%
AGL CLO 30 Ltd10.420% 10/06/20330.4%
Regatta 31 Funding Ltd0.000% 07/26/20370.4%
Rocket Software Inc9.000% 11/28/20280.4%
Madison Park Funding XLVII Ltd7.568% 04/01/20330.4%
Sophos Holdings LLC7.279% 03/05/20270.4%
Borr Drilling Ltd5.000% 02/08/20280.4%
Elmwood CLO 20 Ltd0.000% 04/20/20380.4%
RR 18 Ltd0.000% 04/01/20260.4%
Full House Resorts Inc8.250% 02/15/20280.4%
ICG US CLO 2024-R1 Ltd7.318% 03/17/20340.4%
Rad CLO 22 Ltd0.000% 04/01/20260.4%
MARKIT CDX.NA.HY.45 12/30*5.000% 12/20/20300.4%
NGC CLO 2 LTD7.218% 03/11/20340.3%
Dryden 94 CLO Ltd11.772% 03/31/20340.3%
KKR CLO 56 Ltd10.172% 01/30/20340.3%
Bryant Park Funding 2025-26 Ltd9.018% 02/17/20350.3%
Dryden 115 CLO Ltd10.768% 09/07/20330.3%
Empower CLO 2024-2 Ltd9.722% 06/10/20340.3%
Carlyle US CLO 2021-9 Ltd4.778% 03/01/20300.3%
Harmony-Peace Park CLO Ltd6.668% 10/19/20330.3%
GLS Auto Receivables Issuer Trust 2024-27.980% 11/10/20280.3%
Altice France SA6.500% 04/15/20320.3%
Bain Capital Credit CLO 2024-4 Ltd9.671% 07/22/20340.3%
Ballyrock CLO 24 Ltd0.000% 04/01/20260.3%
AMMC CLO 31 Ltd9.118% 07/01/20340.3%
Benefit Street Partners CLO XXXIX Ltd0.000% 01/14/20380.3%
Moss Creek Resources Holdings Inc8.250% 09/01/20310.3%
Oracle Corp6.500% 01/15/20290.3%
Rackspace Finance LLC6.541% 05/15/20280.3%
Exeter Automobile Receivables Trust 2024-37.840% 01/23/20290.3%
Exeter Automobile Receivables Trust 2024-57.220% 01/07/20290.3%
Perimeter Master Note Business Trust12.800% 07/15/20290.3%
New Mountain CLO 5 Ltd0.000% 01/19/20360.3%
Ally Auto Receivables Trust 2024-10.000% 12/15/20300.3%
Tronox Finance LLC5.936% 04/04/20290.3%
Trinitas CLO XXVI Ltd7.368% 10/18/20340.3%
Oscar Acquisitionco LLC7.936% 04/30/20290.3%
720 East CLO 2022-I Ltd9.568% 04/25/20340.3%
Meritage Homes Corp1.750% 05/15/20280.3%
KKR CLO 47 Ltd10.172% 09/09/20340.3%
Hayfin US XIV Ltd9.768% 08/27/20350.3%
Ocean Trails CLO XII Ltd5.168% 07/21/20310.2%
Sandstone Peak IV Ltd9.859% 09/21/20350.2%
AMMC CLO 23 Ltd10.318% 12/05/20340.2%
Barrow Hanley CLO I Ltd8.918% 08/05/20340.2%
CIFC Funding 2024-I Ltd7.368% 03/29/20330.2%
Rockford Tower CLO 2025-1 Ltd9.272% 02/08/20350.2%
LABL INC NON RSA8.625% 10/01/20310.2%
Santander Bank Auto Credit-Linked Notes Series 2022-C14.592% 05/07/20260.2%
Kennedy Lewis CLO 20 Ltd9.018% 08/26/20340.2%
LBM Acquisition LLC7.515% 06/06/20310.2%
Cornerstone Building Brands Inc6.125% 01/15/20290.2%
Crown Castle Inc0.000% 04/09/20260.2%
SBNA Auto Receivables Trust 2024-A8.000% 10/29/20280.2%
Ares LV CLO Ltd10.172% 04/17/20340.2%
Invesco US CLO 2025-1 LTD9.672% 03/11/20350.2%
Trinitas CLO XXVI Ltd10.418% 05/08/20350.2%
Sandstone Peak II Ltd10.118% 06/12/20350.2%
Orion CLO 2026-7 Ltd9.006% 04/20/20390.2%
Brant Point Clo 2024-3 Ltd10.460% 08/01/20350.2%
Brunswick Corp/DE0.000% 04/02/20260.2%
Elmwood CLO 14 Ltd9.168% 08/13/20350.2%
ASP Unifrax Holdings Inc0.034% 09/28/20290.2%
USB Auto Owner Trust 2025-10.000% 04/01/20260.2%
Silver Point CLO 9 Ltd10.572% 04/28/20350.2%
Steele Creek CLO 2022-1 Ltd11.672% 03/05/20350.2%
Bain Capital Credit Clo 2024-5 Ltd9.820% 04/20/20340.2%
APIDOS CLO XLVIII Ltd9.418% 12/19/20330.2%
AMC Networks Inc4.250% 02/15/20290.2%
Vermilion Energy Inc7.250% 02/28/20300.2%
Ares LXXIV CLO Ltd9.672% 10/09/20340.1%
37 Capital Clo 4 Ltd9.022% 01/26/20320.1%
Ballyrock CLO 26 Ltd0.000% 04/01/20260.1%
1988 CLO 4 Ltd10.592% 10/10/20330.1%
Nexstar Media Inc6.500% 03/15/20310.1%
Brand Industrial Services Inc10.375% 08/01/20300.1%
AMC Networks Inc4.250% 02/15/20290.1%
Bridge Street CLO V Ltd9.018% 10/30/20340.1%
Crown City CLO I10.258% 11/16/20340.1%
Hayfin US XII Ltd9.418% 08/14/20340.1%
Navesink Clo 5 Ltd6.757% 03/31/20390.1%
Driven Brands Funding LLC5.296% 10/20/20300.1%
Sycamore Tree CLO 2024-5 Ltd10.068% 09/21/20350.1%
Hughes Satellite Systems Corp5.250% 08/01/20260.1%
Orion CLO 2025-5 Ltd9.618% 12/17/20340.1%
Empower CLO 2023-2 Ltd9.272% 10/29/20350.1%
POLUS US CLO I Ltd11.008% 06/27/20340.1%
AB BSL CLO 4 Ltd0.000% 07/21/20370.1%
Kennedy Lewis CLO 22 Ltd9.168% 03/09/20350.1%
Santander Bank Auto Credit-Linked Notes Series 2022-B14.552% 04/16/20260.1%
PenFed Auto Receivables Owner Trust 2022-A0.000% 04/01/20260.1%
Phillips 660.000% 04/17/20260.1%
CARLYLE US CLO 2019-3 LTD8.621% 10/06/20360.1%
Boxer Parent Co Inc9.423% 07/30/20320.1%
Sunac China Holdings Ltd0.000% 06/23/20280.1%
Ovintiv Inc0.000% 04/10/20260.1%
Atlanticus Holdings Corp9.750% 09/01/20300.1%
720 East CLO 2023-I Ltd10.982% 07/09/20340.1%
Cedar Funding VIII Clo Ltd10.088% 11/17/20340.1%
Sunac China Holdings Ltd0.000% 06/23/20260.1%
Shimao Group Holdings Ltd0.000% 09/09/99990.0%
Affirm Asset Securitization Trust 2024-X20.000% 12/17/20290.0%
Multi-Color Corporation0.104% 12/02/20260.0%
Affirm Asset Securitization Trust 2025-X10.000% 04/01/20260.0%
ASP Unifrax Holdings Inc7.100% 09/30/20290.0%
Carvana Auto Receivables Trust 2021-N10.000% 04/01/20260.0%
Birch Grove CLO 3 Ltd8.818% 08/10/20340.0%
ELM20 2022 7 FEE STRIP 0.00 00.000% 01/17/20270.0%
Flagship Credit Auto Trust 2020-40.000% 04/01/20260.0%
Rockland Park CLO Ltd9.368% 06/10/20350.0%
Affirm Asset Securitization Trust 2024-X10.000% 05/15/20290.0%
TCW CLO 2021-2 Ltd10.418% 03/31/20350.0%
Logan Group Co Ltd5.250% 02/23/20230.0%
Laurel Road Prime Student Loan Trust 2019-A0.000% 04/01/20260.0%
NEW MOUNTAIN CLO 5 LTD0.000% 07/20/20360.0%
ACBL0.000% 09/09/99990.0%
Sierra Timeshare 2024-2 Receivables Funding LLC7.480% 11/29/20270.0%
Sunac China Holdings Ltd0.000% 09/09/99990.0%
CIFI Holdings Group Co Ltd2.750% 04/02/20260.0%
Exeter Automobile Receivables Trust 2021-40.000% 04/01/20260.0%
FX USD/EUR 06/26- 06/05/20260.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-BOLT11.137% 08/15/20330.0%
CIFI Holdings Group Co Ltd0.000% 06/30/20290.0%
Logan Group Co Ltd4.500% 01/13/20280.0%
Pagaya AI Debt Selection Trust 2020-10.000% 04/01/20260.0%
First Brands Group LLC5.215% 06/29/20260.0%
FX USD/EUR 06/26- 06/05/20260.0%
Herens Midco Sarl5.250% 05/15/20290.0%
US 2YR NOTE (CBT) Jun260.000% 07/06/20260.0%
CHINOS INTERMEDIATE 2 LLC0.000% 09/09/99990.0%
ACBL HLDG CORP0.000% 09/09/99990.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.805% 04/10/20260.0%
Miller's Ale House Inc9.063% 05/30/20250.0%
Credit Default Swap1.000% 12/20/20270.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
First Brands Group LLC8.934% 03/30/20270.0%
First Brands Group LLC8.914% 03/30/20270.0%
First Brands Group LLC0.000% 06/29/20260.0%
Citgo Holding Inc9.633% 08/01/20230.0%
Credit Default Swap0.250% 12/20/20260.0%
ACProducts Holdings Inc7.918% 05/17/20280.0%
US 5YR NOTE (CBT) Jun260.000% 07/06/20260.0%
Shimao Group Holdings Ltd5.950% 07/21/20310.0%
PODS LLC6.934% 03/31/20280.0%
Pagaya AI Debt Selection Trust 2021-10.000% 04/01/20260.0%
Holding Coupon Maturity Assets
BARCLAYS CAPITAL 3.700% 04/01/2026 4.3%
LAC REPO 3.150% 04/01/2026 4.3%
United States Treasury Note/Bond 3.375% 02/29/2028 4.3%
LA PRIVATE CREDIT FUND S 0.000% - 4.2%
Park River Holdings Inc 8.750% 12/31/2030 2.3%
Venture Global LNG Inc 9.000% 09/30/2029 2.1%
Park-Ohio Industries Inc 8.500% 08/01/2029 1.9%
LBM Acquisition LLC 6.250% 01/15/2029 1.9%
Level 3 Financing Inc 8.500% 01/15/2034 1.7%
Borr IHC Ltd / Borr Finance LLC 10.375% 11/15/2030 1.6%
% of Total Assets 28.6%

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
05/30/2026 05/31/2026 05/31/2026
06/29/2026 06/30/2026 06/30/2026
07/30/2026 07/31/2026 07/31/2026
08/30/2026 08/31/2026 08/31/2026
09/29/2026 09/30/2026 09/30/2026
10/30/2026 10/31/2026 10/31/2026
11/29/2026 11/30/2026 11/30/2026
12/30/2026 12/31/2026 12/31/2026

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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