Special Situations Income Fund | Lord Abbett

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Special Situations Income Fund

Summary

Summary

What is the Special Situations Income Fund?

The Fund seeks to deliver high long-term total returns by investing in potentially mispriced opportunities created by market dislocations and other special situations.

A LEADER IN CREDIT

Managed by an experienced team with deep credit research capabilities and over five decades of leveraged credit investing.

A FOCUS ON A MARGIN OF SAFETY

Seeks to identify mispriced assets with a positive catalyst, with a focus on obligations that are secured, senior in the capital structure, or those we believe are well covered by underlying asset values.

INTERVAL FUND STRUCTURE

Provides flexibility in seeking to take advantage of high conviction opportunities and market inefficiencies.

Dividend Yield 1 as of 06/24/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.54% 6.39%

30-Day Standardized Yield 2 as of 05/31/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.79% 6.67%

Fund Basicsas of 05/31/2022

Total Net Assets
$57.41 M
Inception Date
09/07/2021*
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.65%
Fund Net Expense Ratio
1.50%
Number of Holdings
49
Minimum Initial Investment
$1,000,000+

Fund Expense Ratio :

Gross 1.65%

Net 1.50%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/13/2021
w/o sales charge -2.06% - - - - -1.52%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index -2.44% - - - - -

Fund Expense Ratio :

Gross 1.65%

Net 1.50%

Fund Expense Ratio :

Gross 1.65%

Net 1.50%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/13/2021
w/o sales charge 1.06% - - - - 1.61%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index -0.10% - - - - -

Fund Expense Ratio :

Gross 1.65%

Net 1.50%

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.

Interval Funds Explained
January 29, 2021

Interval funds can allocate to asset classes that are less liquid than those typically found in mutual funds but may offer the potential to generate higher long-term returns.

 

LEAD PORTFOLIO MANAGERS

Solomon-Todd_headshot

Todd Solomon
Portfolio Manager
25 Years of Industry Experience

Lakhani-Mayur_headshot

Mayur Lakhani
Portfolio Manager
21 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

Performance

Performance

Dividend Yield 1 as of 06/24/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.54% 6.39%

30-Day Standardized Yield 2 as of 05/31/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.79% 6.67%

Fund Expense Ratio :

Gross 1.65%

Net 1.50%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/13/2021
w/o sales charge -2.06% - - - - -1.52%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index -2.44% - - - - -

Fund Expense Ratio :

Gross 1.65%

Net 1.50%

Fund Expense Ratio :

Gross 1.65%

Net 1.50%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/13/2021
w/o sales charge 1.06% - - - - 1.61%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index -0.10% - - - - -

Fund Expense Ratio :

Gross 1.65%

Net 1.50%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Bank Loans
U.S. High Yield Corporate
Non-U.S. High Yield Corporate
CLO
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 05/31/2022

Rating Assets
BB
B
CCC
<CCC
Not Rated

Portfolio Details as of 05/31/2022

Total Net Assets
$57.41 M
Number of Issues
49
Average Coupon
7.36%
Average Life
3.52 Years
Average Maturity
3.88 Years
Average Effective Duration
1.09 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 06/24/2022
$0.261
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2022 $0.05034 $9.46
Daily Daily 04/30/2022 $0.04680 $9.73
Daily Daily 03/31/2022 $0.05169 $9.86
Daily Daily 02/28/2022 $0.06301 $9.88
Daily Daily 01/31/2022 $0.04984 $9.92

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 06/30/2022
Daily Daily 07/31/2022
Daily Daily 08/31/2022
Daily Daily 09/30/2022
Daily Daily 10/31/2022
Daily Daily 11/30/2022
Daily Daily 12/31/2022

Fees & Expenses

Fees & Expenses

Expense Ratio

Fund Gross Expense Ratio Fund Net Expense Ratio
1.65% 1.50%

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
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Repurchase Calendar
Publish Date:11/03/2015

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