Credit Opportunities Fund
Daily price w/o sales charge as of 08/16/2019
$9.91
$0.01
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 08/16/2019
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 6.84% | 6.23% |
30-Day Standardized Yield 2 as of 07/31/2019
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 5.81% | 4.89% |
Fund Basicsas of 07/31/2019
- Total Net Assets
- $53.95 M
- Inception Date
- 02/22/2019
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 2.11%
- Fund Net Expense Ratio
- 1.50%
- Number of Holdings
- 152
- 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 2.11%
Net 1.50%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 02/21/2019 |
|---|
| w/o sales charge | - | - | - | - | - | 4.10% |
| Lipper Category Avg. | - | - | - | - | - | - |
| ICE BofAML U.S. High Yield Constrained Index | - | - | - | - | - | 4.65% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 2.11%
Net 1.50%
Fund Expense Ratio :
Gross 2.11%
Net 1.50%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 02/21/2019 |
|---|
| w/o sales charge | - | - | - | - | - | 3.63% |
| Lipper Category Avg. | - | - | - | - | - | - |
| ICE BofAML U.S. High Yield Constrained Index | - | - | - | - | - | 4.12% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 2.11%
Net 1.50%
Performance
Performance
Dividend Yield 1 as of 08/16/2019
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 6.84% | 6.23% |
30-Day Standardized Yield 2 as of 07/31/2019
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 5.81% | 4.89% |
Fund Expense Ratio :
Gross 2.11%
Net 1.50%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 02/21/2019 |
|---|
| w/o sales charge | - | - | - | - | - | 4.10% |
| Lipper Category Avg. | - | - | - | - | - | - |
| ICE BofAML U.S. High Yield Constrained Index | - | - | - | - | - | 4.65% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 2.11%
Net 1.50%
Fund Expense Ratio :
Gross 2.11%
Net 1.50%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 02/21/2019 |
|---|
| w/o sales charge | - | - | - | - | - | 3.63% |
| Lipper Category Avg. | - | - | - | - | - | - |
| ICE BofAML U.S. High Yield Constrained Index | - | - | - | - | - | 4.12% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 2.11%
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.
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Type | Assets |
|---|---|
| U.S. High Yield Corporate | |
| Bank Loans | |
| Emerging Market | |
| CLO | |
| Non-U.S. High Yield Corporate | |
| ABS | |
| Convertibles | |
| CMBS | |
| U.S. Government Related | |
| U.S. Investment Grade Corporate | |
| 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 07/31/2019
| Rating | Assets |
|---|---|
| U.S. Treasury | |
| A | |
| BBB | |
| BB | |
| B | |
| <B | |
| Not Rated |
Portfolio Details as of 07/31/2019
- Total Net Assets
- $53.95 M
- Number of Issues
- 152
- Average Coupon
- 7.13%
- Average Life
- 4.94 Years
- Average Maturity
- 6.28 Years
- Average Effective Duration
- 1.72 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.
| Holding | Coupon | Maturity | Assets |
|---|
| Perimeter Master Note Business Trust | 8.060% | 12/15/2022 | 2.3% |
| United States Treasury Bill | 0.000% | 08/27/2019 | 2.1% |
| Laurel Road Prime Student Loan Trust 2019-A | 0.000% | 10/25/2048 | 1.9% |
| GS Mortgage Securities Trust | 3.250% | 06/10/2046 | 1.4% |
| Ccs-Cmgc Holdings Inc | 7.734% | 10/01/2025 | 1.4% |
| Octagon Investment Partners 41 Ltd | 9.499% | 04/15/2031 | 1.3% |
| Octagon Investment Partners 40 Ltd | 9.086% | 04/20/2031 | 1.3% |
| Intelsat Jackson Holdings SA | 5.500% | 08/01/2023 | 1.3% |
| MHP Lux SA | 6.950% | 04/03/2026 | 1.3% |
| General Electric Co. | 5.000% | 12/31/2099 | 1.3% |
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
- YTD Dividends Paidas of 08/16/2019
- $0.306
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 07/31/2019 | $0.05651 | $10.11 |
| Daily | Daily | 06/30/2019 | $0.05614 | $10.12 |
| Daily | Daily | 05/31/2019 | $0.06217 | $10.01 |
| Daily | Daily | 04/30/2019 | $0.06347 | $10.14 |
| Daily | Daily | 03/31/2019 | $0.05596 | $10.05 |
Upcoming Dividend Payment Dates
| Record Date | Ex-Dividend Date | Reinvest & Payable Date |
|---|---|---|
| Daily | Daily | 08/31/2019 |
| Daily | Daily | 09/30/2019 |
| Daily | Daily | 10/31/2019 |
| Daily | Daily | 11/30/2019 |
| Daily | Daily | 12/31/2019 |
Fees & Expenses
Fees & Expenses
Expense Ratio
| Fund Gross Expense Ratio | Fund Net Expense Ratio | |
|---|---|---|
| 2.11% | 1.50% |
Expense ratio details, Click here.
The net expense ratio is based on estimates for the current fiscal year and takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place for a twelve month period beginning when the Fund commences operations. 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
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Statutory Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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| n/a |
Repurchase Calendar
Publish Date:11/03/2015
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