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.

Yield

Dividend Yield 1 as of 03/23/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 10.64% 9.24%

30-Day Standardized Yield 2 as of 02/28/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 10.32% 8.86%

Average Yield to Worst as of 02/28/2023

11.47%

Fund Basicsas of 02/28/2023

Total Net Assets
$54.54 M
Inception Date
09/13/2021
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.65%
Fund Net Expense Ratio
0.25%
Number of Holdings
63
Minimum Initial Investment

Fund Expense Ratio :

Gross 1.65%

Net 0.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/13/2021
w/o sales charge 3.41% -2.01% - - - -0.51%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index 3.21% 2.26% - - - -

Fund Expense Ratio :

Gross 1.65%

Net 0.25%

Fund Expense Ratio :

Gross 1.65%

Net 0.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/13/2021
w/o sales charge -4.54% -4.54% - - - -3.09%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index -1.06% -1.06% - - - -

Fund Expense Ratio :

Gross 1.65%

Net 0.25%

RELATED CONTENT

Interval Funds Explained

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

Kang-Eric_headshot

Eric Kang
Managing Director, Portfolio Manager
23 Years of Industry Experience

posner

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

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

Performance

Performance

Dividend Yield 1 as of 03/23/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 10.64% 9.24%

30-Day Standardized Yield 2 as of 02/28/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 10.32% 8.86%

Fund Expense Ratio :

Gross 1.65%

Net 0.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/13/2021
w/o sales charge 3.41% -2.01% - - - -0.51%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index 3.21% 2.26% - - - -
w/ sales charge 3.41% -2.01% - - - -0.51%

Fund Expense Ratio :

Gross 1.65%

Net 0.25%

Fund Expense Ratio :

Gross 1.65%

Net 0.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/13/2021
w/o sales charge -4.54% -4.54% - - - -3.09%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index -1.06% -1.06% - - - -

Fund Expense Ratio :

Gross 1.65%

Net 0.25%

Year Fund Returns CS Leveraged Loan Index
2022 -4.54% -1.06%
2021 0.55% 5.40%
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 - - - - 3.20%
2022 1.06% -5.55% -0.06% 0.06% -4.54%
2021 - - - 0.36% 0.55%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
U.S. High Yield Corporate
Bank Loans
Non-U.S. High Yield Corporate
Emerging Market
Cash
Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years

Credit Quality Distribution as of 02/28/2023

Rating Assets
BB
B
CCC
Not Rated

Portfolio Details as of 02/28/2023

Total Net Assets
$54.54 M
Number of Issues
63
Average Coupon
8.59%
Average Life
3.81 Years
Average Maturity
4.34 Years
Average Effective Duration
1.75 Years
Average Yield to Worst
11.47%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 03/23/2023
$0.150
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 02/28/2023 $0.07883 $8.96
Daily Daily 01/31/2023 $0.07120 $9.01

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 03/31/2023
Daily Daily 04/30/2023
Daily Daily 05/31/2023
Daily Daily 06/30/2023
Daily Daily 07/31/2023
Daily Daily 08/31/2023
Daily Daily 09/30/2023
Daily Daily 10/31/2023
Daily Daily 11/30/2023
Daily Daily 12/31/2023

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
07/27/2022 07/28/2022 $0.0048 - $0.0048 $9.18

Fees & Expenses

Fees & Expenses

Expense Ratio

Fund Gross Expense Ratio Fund Net Expense Ratio
1.65% 0.25%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Publish Date:11/03/2015
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