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 05/29/2026

Total Net Assets
$2.90 B
Inception Date
Dividend Frequency
-
Number of Holdings
204

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
Emerging Market
Equity
Common Stock
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 05/29/2026

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

Portfolio Details as of 05/29/2026

Total Net Assets
$2.90 B
Average Effective Duration
2.02 Years
Average Life
4.3 Years
Number of Issues
204
Average Yield to Maturity
11.32%
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
United States Treasury Note/Bond3.375% 02/29/20284.9%
LA PRIVATE CREDIT FUND S0.000% -4.3%
United States Treasury Note/Bond3.875% 03/31/20313.0%
Park River Holdings Inc8.750% 12/31/20302.4%
Venture Global LNG Inc9.000% 09/30/20292.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc6.375% 02/01/20302.0%
LBM Acquisition LLC6.250% 01/15/20292.0%
Park-Ohio Industries Inc8.500% 08/01/20291.9%
Univision Communications Inc8.875% 04/15/20311.9%
Sinclair Television Group Inc7.066% 12/31/20291.7%
Borr IHC Ltd / Borr Finance LLC10.375% 11/15/20261.7%
American Axle & Manufacturing Inc7.750% 10/15/20331.6%
Comstock Resources Inc5.875% 01/15/20301.6%
Transocean International Ltd6.800% 03/15/20381.6%
CMG Media Corp8.875% 06/18/20291.6%
OneMain Finance Corp6.500% 03/15/20331.6%
ZF North America Capital Inc7.500% 03/24/20311.5%
LA PRIVATE CREDIT FUND0.000% -1.4%
Hughes Satellite Systems Corp6.625% 08/01/20261.4%
Specialty Building Products Holdings LLC7.505% 10/16/20281.4%
JELD-WEN Holding Inc7.000% 09/01/20321.3%
Cable One Inc4.000% 11/15/20301.3%
VStrong Auto Receivables Trust 2024-A10.120% 10/18/20281.3%
Boxer Parent Co Inc6.673% 07/30/20311.3%
Alloy Finco Limited0.005% 03/06/20281.2%
ACProducts Holdings Inc6.375% 05/15/20291.2%
TransDigm Inc6.125% 02/15/20311.2%
Kraken Oil & Gas Partners LLC7.625% 08/15/20281.1%
CSC Holdings LLC4.625% 12/01/20301.1%
CP Atlas Buyer Inc12.750% 01/15/20311.1%
Brand Industrial Services Inc8.139% 08/01/20301.0%
Exeter Automobile Receivables Trust 2023-29.750% 04/04/20281.0%
SCF Preferred Equity LLC7.500% 10/16/21741.0%
Core Scientific Finance I LLC7.750% 04/05/20301.0%
Conair Holdings LLC7.532% 05/17/20281.0%
Wilsonart LLC11.000% 08/15/20320.9%
Scripps Escrow II Inc5.375% 01/15/20310.9%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.9%
888 Acquisitions LLC8.913% 07/03/20280.8%
Saturn Oil & Gas Inc9.625% 11/13/20280.8%
Sinclair Television Group Inc7.852% 12/31/20300.8%
SESI LLC7.875% 03/02/20290.8%
Central Parent LLC6.930% 07/06/20290.7%
Rocket Software Inc7.414% 11/28/20280.7%
Transocean International Ltd7.500% 04/15/20310.7%
Exeter Automobile Receivables Trust 2024-27.980% 05/26/20280.7%
Sonoco Products Co0.000% 05/01/20260.6%
Level 3 Financing Inc8.500% 01/15/20340.6%
Gray Media Inc5.375% 11/15/20310.6%
Nabors Industries Inc1.750% 06/15/20290.6%
888 Acquisitions Ltd8.000% 09/30/20310.6%
Full House Resorts Inc8.250% 02/15/20280.5%
Exeter Automobile Receivables Trust 2023-112.070% 12/29/20270.5%
Caturus Energy LLC7.125% 05/15/20300.5%
Parallel 2023-1 Ltd5.065% 10/11/20300.5%
Cedar Funding XVIII CLO Ltd7.566% 02/25/20330.5%
CTM CLO 2025-1 Ltd7.173% 06/26/20340.5%
OCP CLO 2023-26 Ltd0.000% 05/01/20260.5%
LABL Inc8.625% 10/01/20310.5%
Sophos Holdings LLC7.264% 03/05/20270.5%
AGL CLO 30 Ltd10.422% 09/28/20330.5%
Madison Park Funding XLVII Ltd7.575% 04/11/20330.4%
Regatta 31 Funding Ltd0.000% 07/25/20370.4%
Elmwood CLO 20 Ltd0.000% 04/20/20380.4%
ICG US CLO 2024-R1 Ltd7.317% 03/16/20340.4%
KKR CLO 56 Ltd10.173% 01/23/20340.4%
NGC CLO 2 LTD7.225% 02/23/20340.4%
Dryden 94 CLO Ltd11.773% 03/15/20340.4%
Bryant Park Funding 2025-26 Ltd9.025% 11/30/20340.3%
Altice France SA6.500% 04/15/20320.3%
Rocket Software Inc9.000% 11/28/20280.3%
Empower CLO 2024-2 Ltd9.723% 05/14/20340.3%
Dryden 115 CLO Ltd10.775% 08/19/20330.3%
RR 18 Ltd0.000% 05/01/20260.3%
Sandstone Peak IV Ltd9.859% 08/31/20350.3%
Rad CLO 22 Ltd0.000% 05/01/20260.3%
Harmony-Peace Park CLO Ltd6.675% 09/16/20330.3%
Carlyle US CLO 2021-9 Ltd4.785% 03/21/20300.3%
Bain Capital Credit CLO 2024-4 Ltd9.666% 06/07/20340.3%
AMMC CLO 31 Ltd9.125% 06/30/20340.3%
Tronox Finance LLC5.936% 04/04/20290.3%
GLS Auto Receivables Issuer Trust 2024-27.980% 07/06/20280.3%
Ballyrock CLO 24 Ltd0.000% 05/01/20260.3%
Oscar Acquisitionco LLC7.936% 04/30/20290.3%
720 East CLO 2022-I Ltd9.575% 04/06/20340.3%
Benefit Street Partners CLO XXXIX Ltd0.000% 01/14/20400.3%
Exeter Automobile Receivables Trust 2024-37.840% 11/06/20280.3%
Perimeter Master Note Business Trust12.800% 07/15/20290.3%
Meritage Homes Corp1.750% 05/15/20280.3%
Exeter Automobile Receivables Trust 2024-57.220% 08/16/20280.3%
KKR CLO 47 Ltd10.173% 08/09/20340.3%
Ally Auto Receivables Trust 2024-10.000% 07/15/20300.3%
Trinitas CLO XXVI Ltd7.375% 09/13/20340.3%
Ocean Trails CLO XII Ltd5.175% 07/20/20310.3%
AMMC CLO 23 Ltd10.330% 12/07/20340.3%
Barrow Hanley CLO I Ltd8.925% 06/23/20340.3%
New Mountain CLO 5 Ltd0.000% 01/19/20360.3%
Hayfin US XIV Ltd9.775% 08/26/20350.3%
Kennedy Lewis CLO 20 Ltd9.017% 07/28/20340.2%
CIFC Funding 2024-I Ltd7.375% 03/19/20330.2%
Oracle Corp6.500% 01/15/20290.2%
Obra CLO 4 Ltd10.413% 07/20/20390.2%
SBNA Auto Receivables Trust 2024-A8.000% 08/09/20280.2%
LABL INC NON RSA8.625% 10/01/20310.2%
MARKIT CDX.NA.HY.46 06/315.000% 06/20/20310.2%
AMC Global Media Inc4.250% 02/15/20290.2%
Cornerstone Building Brands Inc6.125% 01/15/20290.2%
Trinitas CLO XXVI Ltd10.425% 03/31/20350.2%
Invesco US CLO 2025-1 LTD9.673% 01/26/20350.2%
Sandstone Peak II Ltd10.125% 05/21/20350.2%
Orion CLO 2026-7 Ltd9.006% 12/30/20350.2%
Silver Point CLO 9 Ltd10.573% 04/10/20350.2%
Elmwood CLO 14 Ltd9.175% 07/26/20350.2%
Brant Point Clo 2024-3 Ltd10.460% 07/31/20350.2%
AMC Global Media Inc4.250% 02/15/20290.2%
Crown City CLO I6.675% 03/22/20340.2%
Steele Creek CLO 2022-1 Ltd11.673% 02/22/20350.2%
Obra CLO 3 Ltd6.875% 04/10/20350.2%
APIDOS CLO XLVIII Ltd9.417% 12/19/20330.2%
Vermilion Energy Inc7.250% 02/28/20300.2%
Ares LXXIV CLO Ltd9.673% 09/15/20340.2%
USB Auto Owner Trust 2025-10.000% 05/01/20260.2%
Bain Capital Credit Clo 2024-5 Ltd9.822% 04/20/20340.2%
37 Capital Clo 4 Ltd9.023% 02/28/20320.2%
Republic Finance Issuance Trust 2025-A7.700% 09/19/20300.1%
Santander Bank Auto Credit-Linked Notes Series 2022-C14.592% 05/20/20260.1%
Upstart Holdings Inc2.000% 10/01/20290.1%
Hughes Satellite Systems Corp5.250% 08/01/20260.1%
LBM Acquisition LLC9.500% 06/15/20310.1%
Ballyrock CLO 26 Ltd0.000% 05/01/20260.1%
ASP Unifrax Holdings Inc0.048% 09/28/20290.1%
Post Road Equipment Finance 2026-1 LLC7.700% 10/30/20300.1%
Affirm Holdings Inc0.750% 12/15/20290.1%
Bridge Street CLO V Ltd9.025% 10/30/20340.1%
Hayfin US XII Ltd9.425% 07/07/20340.1%
Crown City CLO I10.265% 11/06/20340.1%
Navesink Clo 5 Ltd6.757% 04/14/20350.1%
Empower CLO 2023-2 Ltd9.273% 10/23/20350.1%
Driven Brands Funding LLC5.296% 10/19/20300.1%
Orion CLO 2025-5 Ltd9.625% 12/06/20340.1%
Empower CLO 2022-1 Ltd9.575% 03/10/20340.1%
Republic Finance Issuance Trust 2026-A7.830% 04/22/20310.1%
POLUS US CLO I Ltd11.015% 05/12/20340.1%
Multi-Color Corporation0.104% 12/02/20260.1%
PenFed Auto Receivables Owner Trust 2022-A0.000% 05/01/20260.1%
AB BSL CLO 4 Ltd0.000% 07/20/20370.1%
Kennedy Lewis CLO 22 Ltd9.175% 02/17/20350.1%
Sunac China Holdings Ltd0.000% 06/23/20280.1%
Specialty Building Products Holdings LLC / SBP Finance Corp7.750% 10/15/20290.1%
720 East CLO 2023-I Ltd10.983% 06/24/20340.1%
Boxer Parent Co Inc9.423% 07/30/20320.1%
CARLYLE US CLO 2019-3 LTD8.621% 10/05/20360.1%
Cedar Funding VIII Clo Ltd10.100% 10/20/20340.1%
Saratoga Investment Corp Senior Loan Fund 2022-1 Ltd7.325% 10/24/20320.1%
Sunac China Holdings Ltd0.000% 06/23/20260.1%
CTM CLO 2026-3 Ltd8.961% 12/16/20350.1%
Multi-Color Corporation0.104% 12/02/20260.0%
Carvana Auto Receivables Trust 2021-N10.000% 05/01/20260.0%
Driven Brands Funding LLC6.372% 08/27/20310.0%
Multi-Color Corporation0.105% 12/02/20260.0%
Laurel Road Prime Student Loan Trust 2019-A0.000% 05/01/20260.0%
Flagship Credit Auto Trust 2020-40.000% 05/01/20260.0%
Affirm Asset Securitization Trust 2024-X10.000% 05/15/20290.0%
Affirm Asset Securitization Trust 2025-X10.000% 05/01/20260.0%
Birch Grove CLO 3 Ltd8.825% 07/25/20340.0%
Affirm Asset Securitization Trust 2024-X20.000% 12/17/20290.0%
Shimao Group Holdings Ltd0.000% 09/09/99990.0%
TCW CLO 2021-2 Ltd10.417% 04/06/20350.0%
ELM20 2022 7 FEE STRIP 0.00 00.000% 01/17/20270.0%
Logan Group Co Ltd5.250% 02/23/20230.0%
VCI Asset Holdings 3 LLC0.069% 04/14/20310.0%
Sierra Timeshare 2024-2 Receivables Funding LLC7.480% 10/28/20270.0%
ACBL0.000% 09/09/99990.0%
NEW MOUNTAIN CLO 5 LTD0.000% 07/20/20360.0%
Logan Group Co Ltd4.500% 01/13/20280.0%
ASP Unifrax Holdings Inc7.100% 09/30/20290.0%
CIFI Holdings Group Co Ltd0.000% 06/30/20290.0%
Sunac China Holdings Ltd0.000% 09/09/99990.0%
CIFI Holdings Group Co Ltd2.750% 05/04/20260.0%
Exeter Automobile Receivables Trust 2021-40.000% 05/01/20260.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-BOLT11.137% 08/15/20330.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.931% 05/10/20260.0%
Credit Default Swap0.250% 12/20/20260.0%
First Brands Group LLC8.934% 03/30/20270.0%
First Brands Group LLC8.914% 03/30/20270.0%
First Brands Group LLC5.199% 06/29/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX USD/EUR 06/26- 06/05/20260.0%
US 2YR NOTE (CBT) Jun260.000% 07/06/20260.0%
Oscar AcquisitionCo LLC / Oscar Finance Inc9.500% 04/15/20300.0%
Pagaya AI Debt Selection Trust 2021-10.000% 05/01/20260.0%
US 5YR NOTE (CBT) Jun260.000% 07/06/20260.0%
Shimao Group Holdings Ltd5.950% 05/18/20300.0%
Rackspace Finance LLC6.516% 05/15/20280.0%
PODS LLC6.934% 03/31/20280.0%
Citgo Holding Inc9.633% 08/01/20230.0%
Credit Default Swap1.000% 12/20/20270.0%
CHINOS INTERMEDIATE 2 LLC0.000% 09/09/99990.0%
ACBL HLDG CORP0.000% 09/09/99990.0%
Miller's Ale House Inc9.063% 05/30/20250.0%
LBM Acquisition LLC7.499% 06/06/20310.0%
FX USD/EUR 06/26- 06/05/20260.0%
FX USD/EUR 06/26- 06/05/20260.0%
First Brands Group LLC0.000% 06/29/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX USD/EUR 06/26- 06/05/20260.0%
Holding Coupon Maturity Assets
United States Treasury Note/Bond 3.375% 02/29/2028 4.9%
LA PRIVATE CREDIT FUND S 0.000% - 4.3%
United States Treasury Note/Bond 3.875% 03/31/2031 3.0%
Park River Holdings Inc 8.750% 12/31/2030 2.4%
Venture Global LNG Inc 9.000% 09/30/2029 2.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc 6.375% 02/01/2030 2.0%
LBM Acquisition LLC 6.250% 01/15/2029 2.0%
Park-Ohio Industries Inc 8.500% 08/01/2029 1.9%
Univision Communications Inc 8.875% 04/15/2031 1.9%
Sinclair Television Group Inc 7.066% 12/31/2029 1.7%
% of Total Assets 26.2%

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
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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