Credit Opportunities Fund
Daily price w/o sales charge as of 03/19/2019
$10.08
$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.
Fund Basics
- Total Net Assets
- -
- Inception Date
- 02/22/2019
- Dividend Frequency
- Monthly (Daily Accrual)
- Fund Gross Expense Ratio
- 2.11%
- Fund Net Expense Ratio
- 1.50%
- Number of Holdings
- 118
- CUSIP
- 54400C106
- 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 | - | - | - | - | - | 0.52% |
| Lipper Category Avg. | - | - | - | - | - | - |
| ICE BofAML U.S. High Yield Constrained Index | - | - | - | - | - | 0.53% |
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 | - | - | - | - | - | - |
| Lipper Category Avg. | - | - | - | - | - | - |
| ICE BofAML U.S. High Yield Constrained Index | - | - | - | - | - | - |
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
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 | - | - | - | - | - | 0.52% |
| Lipper Category Avg. | - | - | - | - | - | - |
| ICE BofAML U.S. High Yield Constrained Index | - | - | - | - | - | 0.53% |
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 | - | - | - | - | - | - |
| Lipper Category Avg. | - | - | - | - | - | - |
| ICE BofAML U.S. High Yield Constrained Index | - | - | - | - | - | - |
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 | |
| Non-U.S. High Yield Corporate | |
| ABS | |
| Bank Loans | |
| CMBS | |
| Convertibles | |
| U.S. Investment Grade Corporate | |
| Sovereign | |
| Non-U.S. Investment Grade Corporate | |
| U.S. Government Related | |
| 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 02/28/2019
| Rating | Assets |
|---|---|
| U.S. Treasury | |
| BBB | |
| BB | |
| B | |
| 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 higher credit 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.
| Holding | Coupon | Maturity | Assets |
|---|
| United States Treasury Bill | 0.000% | 03/14/2019 | 8.2% |
| ACC Trust 2019-1 | 6.410% | 02/20/2024 | 2.4% |
| JP Morgan Chase Commercial Mortgage Securities Tru | 3.805% | 06/10/2027 | 2.1% |
| Sprint Capital Corp. | 8.750% | 03/15/2032 | 1.5% |
| Octagon Investment Partners 30 Ltd | 8.961% | 03/17/2030 | 1.4% |
| Carlyle US Clo 2017-2 Ltd | 8.911% | 07/20/2031 | 1.4% |
| Eterna Capital Pte Ltd | 7.500% | 12/11/2022 | 1.4% |
| HCA, Inc. | 7.500% | 11/06/2033 | 1.4% |
| Eskom Holdings SOC Ltd. | 8.450% | 08/10/2028 | 1.3% |
| Sunac China Holdings Ltd | 8.625% | 07/27/2020 | 1.2% |
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.
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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