Credit Opportunities Fund
Daily price w/o sales charge as of 04/21/2021
$10.83
$0.00
YTD Returns w/o sales charge as of 04/21/2021
6.43%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
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.
Dividend Yield 1 as of 04/21/2021
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 6.25% | 3.96% |
30-Day Standardized Yield 2 as of 03/31/2021
4.65% |
Fund Basicsas of 03/31/2021
- Total Net Assets
- $459.62 M
- Inception Date
- 02/22/2019
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 3.79%
- Fund Net Expense Ratio
- 1.50%
- Number of Holdings
- 127
- Minimum Initial Investment
- $1,000,000+
Minimum Exceptions
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.
Fund Expense Ratio :
Gross 3.79%
Net 1.50%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 02/21/2019 |
---|
w/o sales charge | 5.75% | 44.19% | - | - | - | 11.91% |
Lipper Category Avg. | - | - | - | - | - | - |
ICE BofA U.S. High Yield Constrained Index | 0.91% | 23.22% | - | - | - | 7.20% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 3.79%
Net 1.50%
Fund Expense Ratio :
Gross 3.79%
Net 1.50%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 02/21/2019 |
---|
w/o sales charge | 5.75% | 44.19% | - | - | - | 11.91% |
Lipper Category Avg. | - | - | - | - | - | - |
ICE BofA U.S. High Yield Constrained Index | 0.91% | 23.22% | - | - | - | 7.20% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 3.79%
Net 1.50%
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.
Performance
Performance
Dividend Yield 1 as of 04/21/2021
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 6.25% | 3.96% |
30-Day Standardized Yield 2 as of 03/31/2021
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 4.65% | 4.65% |
Fund Expense Ratio :
Gross 3.79%
Net 1.50%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 02/21/2019 |
---|
w/o sales charge | 5.75% | 44.19% | - | - | - | 11.91% |
Lipper Category Avg. | - | - | - | - | - | - |
ICE BofA U.S. High Yield Constrained Index | 0.91% | 23.22% | - | - | - | 7.20% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 3.79%
Net 1.50%
Fund Expense Ratio :
Gross 3.79%
Net 1.50%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 02/21/2019 |
---|
w/o sales charge | 5.75% | 44.19% | - | - | - | 11.91% |
Lipper Category Avg. | - | - | - | - | - | - |
ICE BofA U.S. High Yield Constrained Index | 0.91% | 23.22% | - | - | - | 7.20% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 3.79%
Net 1.50%
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 |
---|
2020 | 12.84% | 6.07% |
2019 | 6.19% | 14.41% |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2021 | 5.75% | - | - | - | 6.43% |
2020 | -17.25% | 13.31% | 6.99% | 12.48% | 12.84% |
2019 | - | 2.52% | -0.33% | 2.81% | 6.19% |
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 | |
Convertibles | |
Bank Loans | |
CMBS | |
ABS | |
Non-U.S. High Yield Corporate | |
CLO | |
Emerging Market | |
U.S. Investment Grade Corporate | |
Non-U.S. Investment Grade Corporate | |
Equity | |
MBS | |
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 03/31/2021
Rating | Assets |
---|---|
Agency | |
A | |
BBB | |
BB | |
B | |
<B | |
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 03/31/2021
- Total Net Assets
- $459.62 M
- Number of Issues
- 127
- Average Coupon
- 5.83%
- Average Life
- 4.57 Years
- Average Maturity
- 6.42 Years
- Average Effective Duration
- 1.9 Years
To view definitions for the above Portfolio Details, Click here.
Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.
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.
All Holdings as of02/26/2021
Holding | Coupon | Maturity | Assets |
---|
GS Mortgage Securities Corp Trust 2021-RENT | 5.950% | 11/21/2023 | 1.9% |
SCF Equipment Leasing 2021-1 LLC | 3.560% | 08/20/2032 | 1.8% |
Global Aircraft Leasing Co Ltd | 6.500% | 09/15/2024 | 1.7% |
Party City Holdings Inc | 6.625% | 08/01/2026 | 1.6% |
Continental Finance Credit Card ABS Master Trust | 5.750% | 12/15/2028 | 1.6% |
J.P. Morgan Chase Commercial Mortgage Securities T | 4.009% | 10/05/2031 | 1.5% |
Full House Resorts Inc | 8.250% | 02/15/2028 | 1.5% |
Callon Petroleum Co | 9.000% | 04/01/2025 | 1.4% |
Sunrun Inc | 0.000% | 02/01/2026 | 1.4% |
Matador Resources Co | 5.875% | 09/15/2026 | 1.4% |
Santander Consumer Auto Receivables Trust 2021-A | 0.000% | 08/15/2028 | 1.4% |
JP Morgan Chase Commercial Mortgage Securities Tru | 4.970% | 03/15/2036 | 1.4% |
Laredo Petroleum Inc | 10.125% | 01/15/2028 | 1.4% |
SM Energy Co | 5.625% | 06/01/2025 | 1.4% |
Kuehg Corp | 9.563% | 08/15/2025 | 1.4% |
VistaJet Malta Finance PLC / XO Management Holding | 10.500% | 06/01/2024 | 1.4% |
Vivion Investments Sarl | 3.000% | 08/08/2024 | 1.4% |
ME Funding LLC 2019-1 | 6.448% | 07/30/2049 | 1.4% |
General Electric Co | 3.520% | 06/15/2199 | 1.4% |
Tianqi Finco Co Ltd | 3.750% | 11/28/2022 | 1.4% |
British Airways 2020-1 Class B Pass Through Trust | 8.375% | 11/15/2028 | 1.3% |
Octagon Investment Partners 40 Ltd | 6.684% | 04/20/2031 | 1.3% |
Advisor Group Holdings Inc | 10.750% | 08/01/2027 | 1.3% |
21Vianet Group Inc | 0.000% | 02/01/2026 | 1.3% |
American Airlines Group Inc | 3.750% | 03/01/2025 | 1.3% |
Buena Vista Gaming Authority | 13.000% | 04/01/2023 | 1.3% |
Oceaneering International Inc | 4.650% | 11/15/2024 | 1.3% |
Southwest Airlines Co | 1.250% | 05/01/2025 | 1.3% |
Tenneco Inc | 5.000% | 07/15/2026 | 1.3% |
Uber Technologies Inc | 0.000% | 12/15/2025 | 1.2% |
Centennial Resource Production LLC | 6.875% | 04/01/2027 | 1.2% |
Signet UK Finance PLC | 4.700% | 06/15/2024 | 1.2% |
Mclaren Finance PLC | 5.000% | 08/01/2022 | 1.2% |
TCI-Symphony CLO 2017-1 Ltd | 6.691% | 07/15/2030 | 1.2% |
Booking Holdings Inc | 0.900% | 09/15/2021 | 1.2% |
Fairstone Financial Issuance Trust I | 6.873% | 10/20/2039 | 1.2% |
Pinnacle Bidco PLC | 5.500% | 02/15/2025 | 1.2% |
Royal Caribbean Cruises Ltd | 4.250% | 06/15/2023 | 1.2% |
Spectacle Gary Holding | 11.000% | 10/17/2024 | 1.1% |
Five9 Inc | 0.500% | 06/01/2025 | 1.1% |
Square Inc | 0.000% | 05/01/2026 | 1.1% |
eDreams ODIGEO SA | 5.500% | 09/01/2023 | 1.1% |
Berry Petroleum Co LLC | 7.000% | 02/15/2026 | 1.1% |
Promontoria Holding 264 BV | 6.750% | 08/15/2023 | 1.1% |
Enterprise Development Authority/The | 12.000% | 07/15/2024 | 1.1% |
Huazhu Group Ltd | 0.375% | 11/01/2022 | 1.1% |
Drive Chassis Holdco LLC | 8.484% | 04/10/2026 | 1.1% |
Buckeye Partners LP | 6.375% | 01/22/2078 | 1.1% |
Precision Drilling Corp | 7.125% | 01/15/2026 | 1.0% |
Canopy Growth Corp | 4.250% | 07/15/2023 | 1.0% |
BEP Ulterra Holdings Inc. | 5.365% | 11/26/2025 | 1.0% |
Garrett LX I Sarl / Garrett Borrowing LLC | 5.125% | 10/15/2026 | 1.0% |
Santander Consumer Auto Receivables Trust 2020-B | 7.030% | 08/15/2028 | 1.0% |
GS Mortgage Securities Trust 2013-GCJ12 | 3.250% | 06/10/2046 | 1.0% |
Carnival Corp | 10.500% | 02/01/2026 | 1.0% |
Ccs-Cmgc Holdings Inc | 5.615% | 10/01/2025 | 1.0% |
STL Holding Co LLC | 7.500% | 02/15/2026 | 1.0% |
Veritas US Inc / Veritas Bermuda Ltd | 10.500% | 02/01/2024 | 0.9% |
Scorpio Tankers Inc | 3.000% | 05/15/2022 | 0.9% |
CITGO Holding, Inc. | 8.000% | 08/01/2023 | 0.9% |
Kaisa Group Holdings Ltd | 9.375% | 06/30/2024 | 0.9% |
Nevro Corp | 2.750% | 04/01/2025 | 0.9% |
Ahern Rentals Inc | 7.375% | 05/15/2023 | 0.9% |
Lending Funding Trust 2020-2 | 6.770% | 04/21/2031 | 0.9% |
BX Trust 2018-GW MZ | 5.600% | 05/15/2037 | 0.9% |
Citigroup Commercial Mortgage Trust 2016-P3 | 2.804% | 04/15/2049 | 0.8% |
Sri Lanka Government International Bond | 5.875% | 07/25/2022 | 0.8% |
Granite US Holdings Corp | 11.000% | 10/01/2027 | 0.8% |
COMM 2015-DC1 Mortgage Trust | 4.308% | 02/10/2048 | 0.8% |
Galaxy XVIII CLO Ltd | 6.241% | 07/15/2031 | 0.8% |
Signal Peak CLO 5 Ltd | 5.868% | 04/25/2031 | 0.8% |
Insmed Inc | 1.750% | 01/15/2025 | 0.8% |
Aptiv PLC | 0.000% | 06/15/2023 | 0.7% |
Diamond Sports Group LLC / Diamond Sports Finance | 5.375% | 08/15/2026 | 0.7% |
Palisades Center Trust 2016-PLSD | 2.713% | 04/13/2033 | 0.7% |
Dryden 65 CLO Ltd | 5.973% | 07/18/2030 | 0.7% |
Diamond Sports Group LLC / Diamond Sports Finance | 6.625% | 08/15/2027 | 0.7% |
Cedar Funding VIII Clo Ltd | 6.573% | 10/17/2030 | 0.6% |
Warrior Met Coal Inc | 8.000% | 11/01/2024 | 0.6% |
Callon Petroleum Co | 6.375% | 07/01/2026 | 0.6% |
Riserva Clo Ltd | 6.573% | 10/18/2028 | 0.6% |
Hertz Corp/The | 0.000% | 10/15/2022 | 0.5% |
Pagaya AI Debt Selection Trust 2020-1 | 0.000% | 07/15/2027 | 0.5% |
Dryden 45 Senior Loan Fund | 6.091% | 10/15/2030 | 0.5% |
Burnham Park Clo Ltd | 5.624% | 10/20/2029 | 0.4% |
Carnival Corp | 7.625% | 03/01/2026 | 0.4% |
Centennial Resource Production LLC | 5.375% | 01/15/2026 | 0.4% |
Promontoria Holding 264 BV | 6.750% | 08/15/2023 | 0.4% |
Centennial Resource Production LLC | 8.000% | 06/01/2025 | 0.4% |
Precision Drilling Corp | 7.750% | 12/15/2023 | 0.3% |
Perimeter Master Note Business Trust | 8.060% | 12/15/2022 | 0.3% |
ETP Legacy LP | 0.000% | 03/01/2021 | 0.3% |
J Crew Group Inc. | 0.000% | - | 0.2% |
OCP CLO 2014-6 Ltd | 6.746% | 10/17/2030 | 0.2% |
Bancorp Commercial Mortgage 2019-CRE6 Trust | 8.462% | 09/15/2036 | 0.2% |
United PF Holdings LLC | 8.754% | 06/10/2027 | 0.2% |
Bain Capital Credit CLO 2018-1 | 5.568% | 04/23/2031 | 0.2% |
Laurel Road Prime Student Loan Trust 2019-A | 0.000% | 10/25/2048 | 0.2% |
CF Trust 2019-BOSS | 13.000% | 12/15/2021 | 0.2% |
Jindal Stendal 6319 | 0.000% | 03/31/2022 | 0.2% |
JP Morgan Chase Commercial Mortgage Securities Cor | 9.112% | 09/15/2029 | 0.2% |
Commercial Mortgage Backed Index Swap | 0.000% | 09/17/2058 | 0.1% |
Commercial Barge Line | 0.000% | - | 0.1% |
Party City Holdings Inc | 8.750% | 02/15/2026 | 0.1% |
Ares XXXVII CLO Ltd | 6.391% | 10/15/2030 | 0.1% |
Doncasters US Finance LLC (Doncasters US LLC) | 8.500% | 03/31/2024 | 0.1% |
Commercial Barge Line | 0.000% | - | 0.1% |
Spectacle Gary Holding | 11.000% | 11/07/2025 | 0.1% |
Mclaren Finance PLC | 5.000% | 08/01/2022 | 0.1% |
Cedar Funding IX CLO Ltd | 5.574% | 04/20/2031 | 0.1% |
J Crew Group Inc. | 11.000% | 09/10/2027 | 0.1% |
ARES XLVI CLO Ltd | 5.541% | 01/15/2030 | 0.1% |
Fairstone Financial Issuance Trust I | 7.257% | 03/21/2033 | 0.0% |
Commercial Barge Line | 0.000% | - | 0.0% |
JP Morgan Chase Commercial Mortgage Securities Tru | 3.805% | 06/10/2027 | 0.0% |
FX GBP/USD 03/21 | 0.000% | 03/08/2021 | 0.0% |
Natixis Commercial Mortgage Securities Trust 2019- | 0.000% | 10/15/2036 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
Palisades Center Trust 2016-PLSD | 4.737% | 04/13/2033 | 0.0% |
Newtek Small Business Loan Trust 2017-1 | 3.118% | 02/25/2043 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
J Crew Group Inc. | 0.000% | - | 0.0% |
Oceaneering International Inc | 6.000% | 02/01/2028 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX USD/CAD 04/21 | 0.000% | 04/20/2021 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX CAD/USD 04/21 | 0.000% | 04/20/2021 | 0.0% |
JP Morgan Chase Commercial Mortgage Securities Cor | 0.000% | 09/15/2029 | 0.0% |
FX USD/CAD 04/21 | 0.000% | 04/20/2021 | 0.0% |
FX USD/GBP 03/21 | 0.000% | 03/08/2021 | 0.0% |
FX USD/GBP 03/21 | 0.000% | 03/08/2021 | -0.1% |
Holding | Coupon | Maturity | Assets |
---|
GS Mortgage Securities Corp Trust 2021-RENT | 5.811% | 11/21/2023 | 1.8% |
SCF Equipment Leasing 2021-1 LLC | 3.560% | 08/20/2032 | 1.7% |
Global Aircraft Leasing Co Ltd | 6.500% | 09/15/2024 | 1.7% |
Miller's Ale House, Inc. | 4.856% | 05/30/2025 | 1.6% |
Spectacle Gary Holding | 11.000% | 10/17/2024 | 1.6% |
Party City Holdings Inc | 6.625% | 08/01/2026 | 1.5% |
American Airlines Group Inc | 3.750% | 03/01/2025 | 1.5% |
Tenneco Inc | 5.000% | 07/15/2026 | 1.5% |
National CineMedia LLC | 5.875% | 04/15/2028 | 1.4% |
Continental Finance Credit Card ABS Master Trust | 5.750% | 12/15/2028 | 1.4% |
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
- YTD Dividends Paidas of 04/21/2021
- $0.164
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 03/31/2021 | $0.05640 | $10.80 |
Daily | Daily | 02/28/2021 | $0.05426 | $10.85 |
Daily | Daily | 01/31/2021 | $0.05355 | $10.59 |
Upcoming Dividend Payment Dates
Record Date | Ex-Dividend Date | Reinvest & Payable Date |
---|---|---|
Daily | Daily | 04/30/2021 |
Daily | Daily | 05/31/2021 |
Daily | Daily | 06/30/2021 |
Daily | Daily | 07/31/2021 |
Daily | Daily | 08/31/2021 |
Daily | Daily | 09/30/2021 |
Daily | Daily | 10/31/2021 |
Daily | Daily | 11/30/2021 |
Daily | Daily | 12/31/2021 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/17/2019 | 12/18/2019 | $0.0015 | $0.0054 | $0.0069 | $9.96 |
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.
Upcoming Capital Gain Distribution
Record Date | Ex-Dividend Date |
---|---|
07/28/2021 | 07/29/2021 |
Fees & Expenses
Fees & Expenses
Expense Ratio
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
3.79% | 1.50% |
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 06/30/2021. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
0Documents selected
|
Order | ||||
---|---|---|---|---|---|
n/a |
Portfolio Holdings 1Q
Publish Date:11/03/2015
|
||||
n/a |
Portfolio Holdings 3Q
Publish Date:11/03/2015
|
||||
n/a |
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
|
|||||
Commentary
Publish Date:11/03/2015
|
|||||
Fund Story
Publish Date:11/03/2015
|
|||||
n/a |
Repurchase Calendar
Publish Date:11/03/2015
|