Multi-Sector Fixed Income at Lord Abbett: A Brief History | Lord Abbett
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Fixed-Income Insights

Learn more about our Bond Debenture Fund's 50-Year track record.

Transcript

With fifty years of experience in managing multi-sector strategies, Lord Abbett has a long continuous track record.

Created in 1971, Lord Abbett’s Bond Debenture Fund has weathered major market ups and downs, taking a flexible, diversified approach to fixed income

This durable fund includes a mix of investment grade, high-yield and equity-related securities

With the intention of potentially generating consistent long-term returns with less volatility than pure equity or high-yield funds

Let’s take a look at the fund’s history, with a hypothetical investment of 100-thousand dollars at inception

In 1971, the Bond Debenture Fund was launched

The fund weathered the 1974 Recession

And the twenty-percent Federal Funds Rate milestone in 1980

In 1990, the Gulf War began

With strategic active management, the fund continued to perform through the dot-com bubble…

… through the global financial crisis of 2008

… and through the COVID-19 global pandemic

…Active management, building on established in-house expertise across financial markets, that puts a 100,000 investment at over five million a half-a-century later. That’s the power of a collaborative fund with deep, sector-specific intelligence.

_____________________

The performance data quoted reflect past performance and are no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. You can obtain performance data current to the most recent month-end by calling Lord Abbett at 888-522-2388 or referring to lordabbett.com

Carefully consider investment objectives, risks, changes and expenses of the Lord Abbett Funds. This and other important information is contained in the Fund’s summary prospectus and/or prospectus. To obtain a prospectus or summary prospectus on any Lord Abbett mutual fund, contact Lord Abbett Distributor LLC at 888-522-2388 or visit lordabbett.com.

Read the prospectus carefully before you invest.

Not FDIC-insured. May lose value. Not guaranteed by any bank.

Important Information

Keep in mind that all investment carry a certain amount of risk including possible loss of the principal amount invested.

Historical performance indications and financial market scenarios are not reliable indicators of current or future performance.

The performance data quoted reflect past performance and are no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. You can obtain performance data current to the most recent month-end by calling Lord Abbett at 888-522-2388 or referring to lordabbett.com.

Carefully consider the investment objectives, risks, charges, and expenses of the Lord Abbett Funds. This and other important information is contained in the Fund’s summary prospectus and/or prospectus. To obtain a prospectus or summary prospectus on any Lord Abbett mutual fund, contact Lord Abbett Distributor LLC at 888-522-2388, or visit us at lordabbett.com.

Not FDIC‐Insured. May lose value. Not guaranteed by any bank.

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 value of your investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Longer-term debt securities are usually more sensitive to interest-rate changes; the longer the maturity of a security, the greater the effect a change in interest rates is likely to have on its price. The Fund may make substantial investments in high-yield debt securities and may invest in senior loans which may be primarily below-investment-grade. High-yield securities (sometimes called junk bonds) carry increased risks of price volatility, illiquidity, and the possibility of default in timely payment of interest and expenses. The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies and/or sectors in the economy. Convertible securities are subject to the risks affecting both equity and fixed-income securities, including market, credit, liquidity, and interest rate risk. These factors can affect Fund performance.

While diversification cannot guarantee avoidance of losses, combining different types of investments across multiple sectors may be beneficial to performance. Bond values fluctuate in price, so the value of your investment can go down depending on the market conditions. Two main risks related to fixed-income investing are interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds, and vice versa. Investments in non-investment-grade debt securities (high-yield or junk bonds) may be subject to greater market fluctuations and risk of default or loss of income and principal than securities in higher rating categories. Convertible securities are subject to the risks affecting both equity and fixed-income securities, including market, credit, liquidity, and interest-rate risk. Convertible securities tend to be more volatile than other fixed-income securities, and the markets for convertible securities may be less liquid than markets for common stocks or bonds.

Class A shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

The information provided is not directed at any investor or category of investors and is provided solely as general information about Lord Abbett’s products and services and to otherwise provide general investment education. None of the information provided should be regarded as a suggestion to engage in or refrain from any investment-related course of action as neither Lord Abbett nor its affiliates are undertaking to provide impartial investment advice, act as an impartial adviser, or give advice in a fiduciary capacity. If you are an individual retirement investor, contact your financial advisor or other fiduciary about whether any given investment idea, strategy, product or service may be appropriate for your circumstances.

This broadcast may contain assumptions that are “forward-looking statements,” which are based on certain assumptions of future events. Actual events are difficult to predict and may differ from those assumed. There can be no assurance that forward-looking statements will materialize or that actual returns or results will not be materially different from those described here.

This broadcast serves as reference material and is provided for general educational purposes only; does not constitute an offer to acquire, solicitation for an offer to acquire, an offer to sell or solicitation for an offer to buy, any securities, nor is intended to be relied upon as a forecast, research, or investment advice on any securities, and cannot be used for any of the foregoing.

This broadcast is the copyright © 2021 of Lord, Abbett & Co. LLC. All Rights Reserved. This recording may not be reproduced in whole or in part or any form without the permission of Lord Abbett. Lord Abbett mutual funds are distributed by Lord Abbett Distributor LLC.

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