Credit Opportunities Fund | Lord Abbett

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Credit Opportunities Fund

fund alert

October 20 is the next quarterly deadline to redeem the Credit Opportunities Fund.

Daily price w/o sales charge as of 09/03/2026

$8.15

arrowUp$0.02

YTD Returns w/o sales charge as of 09/03/2026

2.47%

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.

Yield

Average Yield to Maturity as of 07/31/2026

11.49%

Distribution Yield as of 09/03/2026  

8.86%

30-Day Standardized Yield 1 as of 07/31/2026  

  Subsidized2 Un-Subsidized3
w/o sales charge 7.98% 7.94%

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Fund Basicsas of 07/31/2026

Total Net Assets
$2.74 B
Inception Date
02/22/2019
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.14%
Fund Net Expense Ratio
2.09%
Adjusted Expense Ratio
1.38%
Number of Holdings
213

+Minimum Exceptions, View Full Disclosure

The minimum initial investment for  Institutional Class Shares is $1 million per account, except that the minimum investment may be modified for certain financial firms that submit orders on behalf of their customers, the Trustees and certain employees (and their extended family members) of Lord Abbett and its affiliates. There is no minimum subsequent investment amount.

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

Fund Expense Ratio :

Gross 2.14%

Net 2.09%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge 2.27% 1.15% 7.12% 4.44% - 6.82%
Lipper Category Avg. - - - - - -
ICE BofA U.S. High Yield Constrained Index 2.65% 4.86% 8.50% 4.15% - 5.27%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 2.14%

Net 2.09%

Fund Expense Ratio :

Gross 2.14%

Net 2.09%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge 2.14% 5.33% 7.94% 4.37% - 6.97%
Lipper Category Avg. - - - - - -
ICE BofA U.S. High Yield Constrained Index 1.92% 5.82% 8.87% 4.19% - 5.29%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 2.14%

Net 2.09%

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect sales charges, which are not applicable to Class I Shares. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

 

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

Average Yield to Maturity as of 07/31/2026

11.49%

Distribution Yield as of 09/03/2026  

8.86%

30-Day Standardized Yield 1 as of 07/31/2026  

  Subsidized2 Un-Subsidized3
w/o sales charge 7.98% 7.94%

Fund Expense Ratio :

Gross 2.14%

Net 2.09%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge 2.27% 1.15% 7.12% 4.44% - 6.82%
Lipper Category Avg. - - - - - -
ICE BofA U.S. High Yield Constrained Index 2.65% 4.86% 8.50% 4.15% - 5.27%
w/ sales charge 2.27% 1.15% 7.12% 4.44% - 6.82%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 2.14%

Net 2.09%

Fund Expense Ratio :

Gross 2.14%

Net 2.09%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge 2.14% 5.33% 7.94% 4.37% - 6.97%
Lipper Category Avg. - - - - - -
ICE BofA U.S. High Yield Constrained Index 1.92% 5.82% 8.87% 4.19% - 5.29%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 2.14%

Net 2.09%

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect sales charges, which are not applicable to Class I Shares. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

Year Fund Returns ICE BofA U.S. High Yield Constrained Index
2025 4.96% 8.59%
2024 10.90% 8.27%
2023 11.15% 13.55%
2022 -8.58% -11.16%
2021 13.35% 5.35%
2020 12.84% 6.07%
Year Q1 Q2 Q3 Q4
2026 -0.07% 2.21% - -
2025 0.37% 1.41% 5.42% -2.18%
2024 3.76% 2.55% 2.98% 1.21%
2023 3.23% 1.80% 2.40% 3.29%
2022 -1.08% -8.91% -0.05% 1.51%
2021 5.75% 4.58% 2.02% 0.47%
2020 -17.25% 13.31% 6.99% 12.48%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
U.S. High Yield Corporate
CLO
Bank Loans
ABS
U.S. Government Related
Private Credit
Non-U.S. High Yield Corporate
U.S. Investment Grade Corporate
Common Stock
Convertibles
Sovereign
Equity
Emerging Market
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 07/31/2026

Rating Assets
Treasury
A
BBB
BB
B
CCC
<CCC
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Details as of 07/31/2026

Total Net Assets
$2.74 B
Average Effective Duration
2.13 Years
Average Life
4.8 Years
Number of Issues
213
Average Yield to Maturity
11.49%
Distribution Yield (as of 09/03/2026)
8.86%

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

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

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
LA PRIVATE CREDIT FUND S0.000% -4.4%
United States Treasury Note/Bond3.875% 03/31/20313.1%
United States Treasury Note/Bond3.375% 02/29/20283.0%
Park River Holdings Inc8.750% 12/31/20302.4%
VistaJet Malta Finance PLC / Vista Management Holding Inc6.375% 02/01/20302.1%
American Axle & Manufacturing Inc7.750% 10/15/20332.0%
Univision Communications Inc8.875% 04/15/20331.9%
Park-Ohio Industries Inc8.500% 08/01/20291.9%
LBM Acquisition LLC6.250% 01/15/20291.8%
Sinclair Television Group Inc7.090% 12/31/20291.7%
Conair Holdings LLC7.544% 05/17/20281.7%
JELD-WEN Holding Inc7.000% 09/01/20321.6%
Comstock Resources Inc5.875% 01/15/20301.6%
Transocean International Ltd6.800% 03/15/20381.6%
DPC HOLDINGS PLC0.000% 09/09/99991.6%
Specialty Building Products Holdings LLC7.526% 10/16/20281.5%
LA PRIVATE CREDIT FUND0.000% -1.4%
Borr IHC Ltd / Borr Finance LLC9.000% 09/06/20321.4%
CMG Media Corp8.875% 06/18/20291.4%
Boxer Parent Co Inc6.666% 07/30/20311.3%
VStrong Auto Receivables Trust 2024-A10.120% 01/03/20291.3%
TransDigm Inc6.125% 07/31/20341.2%
Beignet Investor LLC6.581% 10/19/20411.1%
CP Atlas Buyer Inc12.750% 01/15/20311.1%
Exeter Automobile Receivables Trust 2023-29.750% 06/26/20281.0%
Brand Industrial Services Inc8.143% 08/01/20301.0%
SCF Preferred Equity LLC7.500% 10/16/21741.0%
ACProducts Holdings Inc6.375% 05/15/20321.0%
Core Scientific Finance I LLC7.750% 04/01/20301.0%
Wilsonart LLC11.000% 08/15/20321.0%
888 Acquisitions LLC9.061% 07/03/20281.0%
Rackspace Finance LLC6.540% 05/15/20280.9%
Central Parent LLC7.043% 07/06/20290.9%
Hughes Satellite Systems Corp6.625% 08/01/20260.9%
Space Exploration Technologies Corp6.650% 07/15/20560.8%
Scripps Escrow II Inc5.375% 01/15/20310.8%
Gray Media Inc5.375% 11/15/20310.8%
Full House Resorts Inc8.250% 02/15/20280.8%
SESI LLC7.875% 03/02/20290.8%
Kraken Oil & Gas Partners LLC7.625% 08/15/20280.8%
OneMain Finance Corp6.500% 03/15/20330.8%
Sinclair Television Group Inc7.875% 12/31/20300.8%
Cable One Inc4.000% 11/15/20300.7%
Exeter Automobile Receivables Trust 2024-27.980% 01/14/20290.7%
Transocean International Ltd7.500% 04/15/20310.7%
Barranquilla Distrito Especial Industrial y Portuario7.350% 06/23/20310.7%
CSC Holdings LLC4.625% 12/01/20300.7%
Multi-Color Corp8.500% 05/11/20330.6%
GPS HOSPITALITY OPERATING CO LLC/GPS NEW FINCO INC11.000% 03/05/20310.6%
Level 3 Financing Inc7.500% 02/15/20370.6%
Nabors Industries Inc1.750% 06/15/20290.6%
Venture Global LNG Inc9.000% 09/30/20290.6%
Exeter Automobile Receivables Trust 2023-112.070% 01/04/20280.6%
GPS HOSPITALITY OPERATING CO LLC/GPS NEW FINCO INC9.500% 05/28/20300.5%
QTS Fayetteville I Dc1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC5.700% 04/15/20360.5%
Caturus Energy LLC7.125% 05/15/20310.5%
CTM CLO 2025-1 Ltd7.253% 05/15/20340.5%
Provincia de Neuquen Argentina7.350% 08/17/20330.5%
Cedar Funding XVIII CLO Ltd7.652% 03/08/20330.5%
AGL CLO 30 Ltd10.484% 09/09/20330.5%
OCP CLO 2023-26 Ltd0.000% 08/03/20260.4%
LBM Acquisition LLC9.500% 06/15/20310.4%
Elmwood CLO 20 Ltd0.000% 04/21/20380.4%
Oscar Acquisitionco LLC7.918% 04/30/20290.4%
ZipRecruiter Inc5.000% 01/15/20300.4%
ICG US CLO 2024-R1 Ltd7.460% 12/20/20330.4%
KKR CLO 56 Ltd10.253% 01/07/20340.4%
NGC CLO 2 LTD7.279% 02/10/20340.4%
RR 18 Ltd0.000% 08/03/20260.4%
Dryden 94 CLO Ltd11.853% 03/16/20340.4%
Altice France SA6.500% 04/15/20320.4%
Bryant Park Funding 2025-26 Ltd9.079% 09/14/20340.4%
Dryden 115 CLO Ltd12.401% 06/23/20330.3%
Empower CLO 2024-2 Ltd9.803% 01/26/20340.3%
Sandstone Peak IV Ltd9.929% 07/25/20350.3%
AMMC CLO 31 Ltd9.179% 05/24/20340.3%
Benefit Street Partners CLO XXXIX Ltd0.000% 10/15/20390.3%
Borr Drilling Ltd3.500% 05/01/20330.3%
Harmony-Peace Park CLO Ltd6.729% 08/15/20330.3%
Bain Capital Credit CLO 2024-4 Ltd9.752% 02/26/20340.3%
Rad CLO 22 Ltd0.000% 08/03/20260.3%
Obra CLO 4 Ltd10.429% 04/22/20360.3%
GLS Auto Receivables Issuer Trust 2024-27.980% 03/15/20290.3%
Ballyrock CLO 24 Ltd0.000% 08/03/20260.3%
Tronox Finance LLC5.918% 04/04/20290.3%
Exeter Automobile Receivables Trust 2024-37.840% 07/17/20300.3%
New Mountain CLO 5 Ltd0.000% 10/20/20350.3%
MARKIT CDX.NA.HY.46 06/31*5.000% 06/20/20310.3%
720 East CLO 2022-I Ltd9.629% 04/30/20340.3%
Exeter Automobile Receivables Trust 2024-57.220% 01/10/20290.3%
Perimeter Master Note Business Trust12.800% 07/17/20290.3%
Trinitas CLO XXVI Ltd7.429% 06/13/20340.3%
KKR CLO 47 Ltd10.253% 06/11/20340.3%
Hayfin US XIV Ltd9.829% 06/06/20350.3%
Black Diamond Clo 2026-1 Ltd7.411% 08/13/20390.3%
Barrow Hanley CLO I Ltd8.979% 03/12/20340.3%
Ally Auto Receivables Trust 2024-10.000% 12/15/20300.3%
AMMC CLO 23 Ltd10.400% 11/30/20340.3%
Oracle Corp6.700% 02/04/20560.3%
Kennedy Lewis CLO 20 Ltd9.160% 07/08/20340.2%
CIFC Funding 2024-I Ltd6.279% 03/25/20330.2%
Atlas Senior Loan Fund XXV Ltd7.409% 03/26/20340.2%
Driven Brands Funding LLC5.296% 10/20/20300.2%
SBNA Auto Receivables Trust 2024-A8.000% 01/12/20290.2%
Invesco US CLO 2025-1 LTD9.753% 11/07/20340.2%
CTM CLO 2026-4 LTD6.661% 07/20/20390.2%
ACProducts Holdings Inc9.206% 11/14/20310.2%
Sandstone Peak II Ltd10.179% 03/02/20350.2%
Trinitas CLO XXVI Ltd10.479% 02/14/20350.2%
Labels Buyer LLC12.000% 06/30/21750.2%
Orion CLO 2026-7 Ltd9.006% 10/23/20350.2%
Columbia Cent CLO 35 Ltd6.767% 07/27/20350.2%
Elmwood CLO 14 Ltd9.229% 06/13/20350.2%
Silver Point CLO 9 Ltd10.653% 03/06/20350.2%
Brant Point Clo 2024-3 Ltd10.559% 08/27/20350.2%
CQS US CLO 2025-4 Ltd6.729% 07/13/20350.2%
AMC Global Media Inc4.250% 02/15/20290.2%
Trysail CLO 2021-1 Ltd7.129% 03/29/20330.2%
Vermilion Energy Inc7.250% 02/15/20330.2%
Obra CLO 3 Ltd6.929% 04/11/20350.2%
APIDOS CLO XLVIII Ltd9.560% 11/28/20330.2%
37 Capital Clo 4 Ltd9.103% 05/24/20320.2%
Crown City CLO I6.729% 04/09/20340.2%
Steele Creek CLO 2022-1 Ltd11.753% 03/03/20350.2%
Hughes Satellite Systems Corp5.250% 08/01/20260.2%
Bain Capital Credit Clo 2024-5 Ltd9.884% 03/14/20340.2%
Ballyrock CLO 26 Ltd0.000% 08/03/20260.2%
Alphabet Inc6.250% 05/15/20290.2%
PARK BLUE CLO 2023-III LTD7.229% 02/03/20340.2%
Polus US Clo III Ltd6.929% 01/05/20350.2%
WE Soda Investments Holding PLC9.375% 02/14/20310.2%
Balboa Bay Loan Funding 2024-1 Ltd9.479% 09/12/20330.1%
Ares LXXIV CLO Ltd9.753% 08/05/20340.1%
Cornerstone Building Brands Inc6.125% 01/15/20290.1%
Rackspace Technology Global Inc5.375% 12/01/20280.1%
Republic Finance Issuance Trust 2025-A7.700% 09/13/20300.1%
Polus US CLO II Ltd7.229% 04/10/20340.1%
Upstart Holdings Inc2.000% 10/01/20290.1%
Driven Brands Funding LLC6.372% 09/01/20310.1%
Trysail CLO 2021-1 Ltd10.529% 06/27/20330.1%
USB Auto Owner Trust 2025-10.000% 08/03/20260.1%
Navesink Clo 4 Ltd7.003% 11/20/20320.1%
Bridge Street CLO V Ltd9.079% 09/09/20340.1%
Crown City CLO I10.319% 11/28/20340.1%
Hayfin US XII Ltd9.479% 05/14/20340.1%
ASP Unifrax Holdings Inc0.000% 09/28/20290.1%
Post Road Equipment Finance 2026-1 LLC7.700% 12/12/20300.1%
Menlo Clo II Ltd7.029% 12/31/20330.1%
Crown Point CLO 9 Ltd6.741% 03/01/20360.1%
Empower CLO 2023-2 Ltd9.353% 10/14/20350.1%
Elmwood CLO 26 Ltd9.909% 06/11/20360.1%
CQS US CLO 5 Ltd6.900% 11/25/20340.1%
Barrow Hanley CLO II Ltd6.779% 06/24/20340.1%
Barrow Hanley CLO III Ltd9.929% 07/31/20320.1%
Navesink Clo 5 Ltd6.757% 04/15/20350.1%
Orion CLO 2025-5 Ltd9.679% 11/22/20340.1%
Silver Point CLO 18 Ltd6.811% 08/12/20350.1%
Aquarian CLO 1 Ltd6.999% 07/20/20390.1%
ICG US Clo 2025-2 Ltd9.469% 05/27/20350.1%
Empower CLO 2022-1 Ltd9.629% 03/30/20340.1%
Crown Point CLO 9 Ltd10.341% 08/20/20360.1%
Park Blue CLO 2024-VI Ltd9.210% 07/18/20340.1%
POLUS US CLO I Ltd11.069% 12/07/20330.1%
IREN Ltd1.000% 12/01/20330.1%
Kennedy Lewis CLO 22 Ltd9.229% 12/27/20340.1%
AB BSL CLO 4 Ltd0.000% 07/22/20370.1%
Diameter Capital Clo 6 Ltd9.753% 06/12/20360.1%
Barranquilla Distrito Especial Industrial y Portuario7.350% 06/23/20310.1%
OFSI BSL XVI CLO Ltd6.901% 06/03/20350.1%
Park Blue CLO 2025-VIII Ltd9.360% 05/09/20350.1%
720 East CLO 2023-I Ltd11.063% 07/03/20340.1%
Cedar Funding VIII Clo Ltd10.170% 08/02/20340.1%
ICG US CLO 2024-1 Ltd10.053% 10/26/20350.1%
Oracle Corp6.500% 01/15/20290.1%
Saratoga Investment Corp Senior Loan Fund 2022-1 Ltd7.379% 12/20/20320.1%
Alphabet Inc6.250% 05/15/20290.1%
CTM CLO 2026-3 Ltd8.961% 12/17/20350.1%
ASP Unifrax Holdings, Inc.0.000% 11/29/20260.0%
Carvana Auto Receivables Trust 2021-N10.000% 08/03/20260.0%
Sunac China Holdings Ltd0.000% 06/23/20280.0%
LABELS BUYER LLC0.000% 09/09/99990.0%
Affirm Asset Securitization Trust 2024-X10.000% 05/15/20290.0%
Flagship Credit Auto Trust 2020-40.000% 08/03/20260.0%
CSC Holdings LLC6.500% 02/01/20290.0%
Birch Grove CLO 3 Ltd8.879% 09/05/20340.0%
Laurel Road Prime Student Loan Trust 2019-A0.000% 08/03/20260.0%
Sunac China Holdings Ltd0.000% 09/09/99990.0%
Sierra Timeshare 2024-2 Receivables Funding LLC7.480% 03/30/20280.0%
NEW MOUNTAIN CLO 5 LTD0.000% 07/20/20360.0%
ACBL0.000% 09/09/99990.0%
Affirm Asset Securitization Trust 2024-X20.000% 12/17/20290.0%
Affirm Asset Securitization Trust 2025-X10.000% 08/03/20260.0%
GPS HOSPITALITY/NEW FINC0.000% 09/09/99990.0%
VCI Asset Holdings 3 LLC0.069% 04/24/20310.0%
Logan Group Co Ltd5.250% 02/23/20230.0%
Shimao Group Holdings Ltd0.000% 09/09/99990.0%
FX USD/EUR 09/26- 09/18/20260.0%
CIFI Holdings Group Co Ltd0.000% 06/30/20290.0%
ELM20 2022 7 FEE STRIP 0.00 00.000% 01/17/20270.0%
Logan Group Co Ltd4.500% 01/13/20280.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-BOLT11.137% 08/15/20330.0%
CIFI Holdings Group Co Ltd2.750% 12/30/20290.0%
CHINOS INTERMEDIATE 2 LLC0.000% 09/09/99990.0%
First Brands Group LLC8.927% 03/30/20270.0%
First Brands Group LLC0.000% 06/29/20260.0%
Howmet Aerospace Inc0.000% 10/16/20260.0%
FX EUR/USD 09/26- 09/18/20260.0%
FX EUR/USD 09/26- 09/18/20260.0%
FX EUR/USD 09/26- 09/18/20260.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.805% 08/10/20260.0%
Miller's Ale House Inc9.063% 05/30/20250.0%
PODS LLC6.934% 03/31/20280.0%
US 2YR NOTE (CBT) Sep260.000% 10/05/20260.0%
Citgo Holding Inc9.633% 08/01/20230.0%
First Brands Group LLC8.913% 03/30/20270.0%
First Brands Group LLC5.170% 06/29/20260.0%
Howmet Aerospace Inc0.000% 10/16/20260.0%
Howmet Aerospace Inc0.000% 10/16/20260.0%
CIFI Holdings Group Co Ltd0.000% 09/09/99990.0%
Credit Default Swap1.000% 12/20/20270.0%
Credit Default Swap0.250% 12/20/20260.0%
Shimao Group Holdings Ltd5.950% 07/21/20310.0%
Sophos Holdings LLC7.320% 03/05/20270.0%
Rocket Software Inc7.455% 11/28/20280.0%
LABELS BUYER LLC0.000% 09/09/99990.0%
Pagaya AI Debt Selection Trust 2021-10.000% 08/03/20260.0%
US 5YR NOTE (CBT) Sep260.000% 10/05/20260.0%
ZF North America Capital Inc7.500% 01/24/20310.0%
ACBL HLDG CORP0.000% 09/09/99990.0%
ASP Unifrax Holdings Inc7.100% 09/30/20290.0%
Holding Coupon Maturity Assets
LA PRIVATE CREDIT FUND S 0.000% - 4.4%
United States Treasury Note/Bond 3.875% 03/31/2031 3.1%
United States Treasury Note/Bond 3.375% 02/29/2028 3.0%
Park River Holdings Inc 8.750% 12/31/2030 2.4%
VistaJet Malta Finance PLC / Vista Management Holding Inc 6.375% 02/01/2030 2.1%
American Axle & Manufacturing Inc 7.750% 10/15/2033 2.0%
Univision Communications Inc 8.875% 04/15/2033 1.9%
Park-Ohio Industries Inc 8.500% 08/01/2029 1.9%
LBM Acquisition LLC 6.250% 01/15/2029 1.8%
Sinclair Television Group Inc 7.090% 12/31/2029 1.7%
% of Total Assets 24.3%

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

Dividend Payments

For
YTD Dividends Paidas of 09/03/2026
$0.56745
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2020 $0.07405 $10.07
Daily Daily 10/31/2020 $0.06200 $9.43
Daily Daily 09/30/2020 $0.06780 $9.39
Daily Daily 08/31/2020 $0.06099 $9.35
Daily Daily 07/31/2020 $0.06376 $9.08
Daily Daily 06/30/2020 $0.06540 $8.96
Daily Daily 05/31/2020 $0.05703 $8.69
Daily Daily 04/30/2020 $0.06442 $8.26
Daily Daily 03/31/2020 $0.06696 $8.08
Daily Daily 02/29/2020 $0.06692 $9.82
Daily Daily 01/31/2020 $0.07864 $10.02

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 09/30/2026
Daily Daily 10/31/2026
Daily Daily 11/30/2026
Daily Daily 12/31/2026

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/19/2022 12/20/2022 $0.0637 $0.0428 $0.1065 $8.81
07/27/2022 07/28/2022 $0.0302 - $0.0302 $9.16
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Fees & Expenses

Fees & Expenses

Expense Ratio

Fund Gross Expense Ratio 2.14%
Fund Net Expense Ratio 2.09%
Adjusted Expense Ratio 1.38%

Expense ratio details, Click here.

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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Section 16 filings available HERE.

Average Yield to Maturity is the total rate of return earned when a bond makes all interest payments and repays the original principal.

Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.

 

IMPORTANT INFORMATION

 

The Fund is structured as an unlisted closed-end interval fund.  Limited liquidity is provided to shareholders only through the Fund’s quarterly offers to repurchase between 5% and 25% of its outstanding shares at net asset value, subject to applicable law and approval of the Board of Trustees. The Fund currently expects to offer to repurchase 5% of outstanding shares per quarter.  There is no secondary market for the Fund’s shares and none is expected to develop.  There is no guarantee that an investor will be able to tender all or any of their requested Fund shares in a periodic repurchase offer.  Investors should consider shares of the Fund to be an illiquid investment.

The Fund’s ability to be fully invested and achieve its investment objective may be affected by the need to fund repurchase obligations. In addition, the fees and costs associated with investing in an interval fund may be significantly greater than those of other fund structures.

New Fund Risk: The Fund is newly organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investment strategy.
 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund may invest in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in debt securities of stressed and distressed issuers as well as in defaulted securities and debtor-in-possession financings, all of which may be considered Special Situations. Distressed and defaulted instruments generally present the same risks as investment in below investment grade instruments. However, in most cases, these risks are of a greater magnitude because of the uncertainties of investing in an issuer undergoing financial distress. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

Because of the risks associated with the Fund’s ability to invest in high yield securities, loans and related instruments and mortgage-related and other asset-backed instruments, foreign (including emerging market) securities (and related exposure to foreign currencies), and the Fund’s ability to use leverage, an investment in the Fund should be considered speculative and involving a high degree of risk, including the risk of a substantial loss of investment. 

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment. 

The ICE BofAML U.S. High Yield Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. 

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

 

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

1

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

2

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

3

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

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