Credit Opportunities Fund | Lord Abbett

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Credit Opportunities Fund

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.

12-Month Dividend Yield 1 as of 12/06/2022  

w/o sales charge 8.46%

30-Day Standardized Yield 2 as of 11/30/2022  

8.56%

Fund Basicsas of 10/31/2022

Total Net Assets
$1.10 B
Inception Date
02/22/2019
Dividend Frequency
Monthly
Fund Expense Ratio
1.40%
Number of Holdings
140
Minimum Initial Investment

Fund Expense Ratio :

1.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge -7.83% -6.78% 6.50% - - 6.13%
Lipper Category Avg. - - - - - -
ICE BofA U.S. High Yield Constrained Index -10.50% -8.82% 0.70% - - -

Fund Expense Ratio :

1.40%

Fund Expense Ratio :

1.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge -9.94% -9.52% 5.80% - - 5.75%
Lipper Category Avg. - - - - - -
ICE BofA U.S. High Yield Constrained Index -14.58% -14.04% -0.69% - - -

Fund Expense Ratio :

1.40%

RELATED CONTENT

Widening the Opportunity Set in Credit
August 11, 2021

We believe there are significant opportunities to capture liquidity premiums across credit sectors today.

 

LEAD PORTFOLIO MANAGERS

lapin

Jeffrey D. Lapin, J.D.
Partner & Portfolio Manager
24 Years of Industry Experience

castle

Adam C. Castle, CFA
Partner, Portfolio Manager
13 Years of Industry Experience

yuoh

Kewjin Yuoh
Partner & Portfolio Manager
27 Years of Industry Experience

kang

Eric P. Kang
Managing Director, Portfolio Manager
22 Years of Industry Experience

 

INVESTMENT COUNCIL

rocco

Steven F. Rocco, CFA
Partner & Co-Head of Taxable Fixed Income
20 Years of Industry Experience

gizzo

Christopher Gizzo, CFA
Partner, Deputy Director of Leveraged Credit
13 Years of Industry Experience

Lehmann-Jeremy_headshot

Jeremy Lehmann, CFA
Portfolio Manager
9 Years of Industry Experience

Novak-John_headshot

John M. Novak, CFA
Research Analyst
25 Years of Industry Experience

Trifon-Harris_headshot

Harris Trifon
Managing Director, Portfolio Manager
21 Years of Industry Experience

Skulkina-Mila_headshot

Mila Skulkina, CFA
Managing Director, Portfolio Manager
20 Years of Industry Experience

lombardi

Annika Lombardi
Managing Director, Portfolio Manager 
14 Years of Industry Experience

Solomon-Todd_headshot

Todd Solomon
Portfolio Manager
25 Years of Industry Experience

Lakhani-Mayur_headshot

Mayur Lakhani
Portfolio Manager
21 Years of Industry Experience

Posner-Kearney_headshot

Kearney Posner, CFA
Partner, Portfolio Manager
23 Years of Industry Experience

Supported By 59 Investment Professionals with 15 Years Avg. Industry Experience

Performance

Performance

12-Month Dividend Yield 1 as of 12/06/2022  

w/o sales charge 8.46%

30-Day Standardized Yield 2 as of 11/30/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 8.56% 8.56%

Fund Expense Ratio :

1.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge -7.83% -6.78% 6.50% - - 6.13%
Lipper Category Avg. - - - - - -
ICE BofA U.S. High Yield Constrained Index -10.50% -8.82% 0.70% - - -

Fund Expense Ratio :

1.40%

Fund Expense Ratio :

1.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 02/21/2019
w/o sales charge -9.94% -9.52% 5.80% - - 5.75%
Lipper Category Avg. - - - - - -
ICE BofA U.S. High Yield Constrained Index -14.58% -14.04% -0.69% - - -

Fund Expense Ratio :

1.40%

Year Fund Returns ICE BofA U.S. High Yield Constrained Index
2021 13.35% 5.35%
2020 12.84% 6.07%
2019 6.19% 14.41%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -1.08% -8.91% -0.05% - -7.71%
2021 5.75% 4.58% 2.02% 0.47% 13.35%
2020 -17.25% 13.31% 6.99% 12.48% 12.84%
2019 - 2.52% -0.33% 2.81% 6.19%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
U.S. High Yield Corporate
Bank Loans
Non-U.S. High Yield Corporate
U.S. Investment Grade Corporate
ABS
CMBS
Convertibles
CLO
Emerging Market
Equity
MBS
Cash
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

Credit Quality Distribution as of 10/31/2022

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

Portfolio Details as of 10/31/2022

Total Net Assets
$1.10 B
Number of Issues
140
Average Coupon
7.22%
Average Life
3.94 Years
Average Maturity
5.17 Years
Average Effective Duration
2.13 Years
Average Yield to Worst
12.63%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 12/06/2022
$0.704
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2022 $0.06056 $9.03
Daily Daily 10/31/2022 $0.06742 $8.97
Daily Daily 09/30/2022 $0.06588 $8.95
Daily Daily 08/31/2022 $0.06576 $9.29
Daily Daily 07/31/2022 $0.06675 $9.20
Daily Daily 06/30/2022 $0.06546 $9.18
Daily Daily 05/31/2022 $0.07120 $9.69
Daily Daily 04/30/2022 $0.06437 $10.02
Daily Daily 03/31/2022 $0.06264 $10.29
Daily Daily 02/28/2022 $0.05585 $10.41
Daily Daily 01/31/2022 $0.05829 $10.51

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 12/31/2022

Capital Gains Distributions

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Click Here To View Estimated Capital Gain Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
07/27/2022 07/28/2022 $0.0302 - $0.0302 $9.16

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/19/2022 12/20/2022

Fees & Expenses

Fees & Expenses

Expense Ratio

1.40%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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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
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Repurchase Calendar
Publish Date:11/03/2015

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