Climate Focused Bond Fund
Daily price w/o sales charge as of 07/08/2020
$10.17
$0.01
Summary
Summary
Fund Basicsas of 05/29/2020
- Total Net Assets
- $10.01 M
- Inception Date
- 05/29/2020
- Dividend Frequency
- Monthly (Daily Accrual)
- Fund Gross Expense Ratio
- 0.77%
- Fund Net Expense Ratio
- 0.45%
- Number of Holdings
- 122
Fund Expense Ratio :
Gross 0.77%
Net 0.45%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/28/2020 |
|---|
| w/o sales charge | - | - | - | - | - | 1.42% |
| Lipper Category Avg. General Bond Funds | - | - | - | - | - | - |
| Bloomberg Barclays Global Aggregate Index | - | - | - | - | - | - |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.77%
Net 0.45%
Fund Expense Ratio :
Gross 0.77%
Net 0.45%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/28/2020 |
|---|
| w/o sales charge | - | - | - | - | - | 1.42% |
| Lipper Category Avg. General Bond Funds | - | - | - | - | - | - |
| Bloomberg Barclays Global Aggregate Index | - | - | - | - | - | - |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.77%
Net 0.45%
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 the current maximum sales charge, had the sales charge been included, returns would have been lower. 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 for future results.
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Performance
Performance
Fund Expense Ratio :
Gross 0.77%
Net 0.45%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/28/2020 |
|---|
| w/o sales charge | - | - | - | - | - | 1.42% |
| Lipper Category Avg. General Bond Funds | - | - | - | - | - | - |
| Bloomberg Barclays Global Aggregate Index | - | - | - | - | - | - |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.77%
Net 0.45%
Fund Expense Ratio :
Gross 0.77%
Net 0.45%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/28/2020 |
|---|
| w/o sales charge | - | - | - | - | - | 1.42% |
| Lipper Category Avg. General Bond Funds | - | - | - | - | - | - |
| Bloomberg Barclays Global Aggregate Index | - | - | - | - | - | - |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 0.77%
Net 0.45%
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Type | Assets |
|---|---|
| Investment Grade Corporate | |
| High Yield Corporate | |
| Sovereign | |
| U.S. Government Related | |
| Bank Loans | |
| CMBS | |
| Other | |
| 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 | |
| 1-3 years | |
| 3-5 years | |
| 5-7 years | |
| 7-10 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 05/29/2020
| Rating | Assets |
|---|---|
| U.S. Treasury | |
| AAA | |
| AA | |
| A | |
| BBB | |
| <BBB | |
| 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. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. 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 are not rated. The credit quality distribution breakdown is not an S&P credit rating or an opinion of S&P as to the credit worthiness of the portfolio.
PORTFOLIO DETAILS as of 05/29/2020
- Total Net Assets
- $10.01 M
- Number of Issues
- 122
- Average Coupon
- 2.83%
- Average Life
- 6.74 Years
- Average Effective Duration
- 4.74 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 Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security. Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.
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 |
|---|
| U.S. Treasury Note/Bond | 0.125% | 05/31/2022 | 3.0% |
| Nederlandse Financierings-Maatschappij voor Ontwik | 2.750% | 02/20/2024 | 2.2% |
| Korea Water Resources Corp | 3.875% | 05/15/2023 | 2.2% |
| Development Bank of Japan Inc | 1.875% | 10/02/2024 | 2.1% |
| Industrial & Commercial Bank of China Ltd/Luxembou | 2.875% | 10/12/2022 | 2.1% |
| Kommuninvest I Sverige AB | 1.625% | 04/24/2023 | 2.1% |
| Greenko Mauritius Ltd | 6.250% | 02/21/2023 | 2.0% |
| Nederlandse Waterschapsbank NV | 1.000% | 05/28/2030 | 2.0% |
| Aegea Finance Sarl | 5.750% | 10/10/2024 | 2.0% |
| U.S. Treasury Note/Bond | 1.125% | 05/15/2040 | 1.7% |
| Holding | Coupon | Maturity | Assets |
|---|
| U.S. Treasury Note/Bond | 0.125% | 05/31/2022 | 3.0% |
| Nederlandse Financierings-Maatschappij voor Ontwik | 2.750% | 02/20/2024 | 2.2% |
| Korea Water Resources Corp | 3.875% | 05/15/2023 | 2.2% |
| Development Bank of Japan Inc | 1.875% | 10/02/2024 | 2.1% |
| Industrial & Commercial Bank of China Ltd/Luxembou | 2.875% | 10/12/2022 | 2.1% |
| Kommuninvest I Sverige AB | 1.625% | 04/24/2023 | 2.1% |
| Greenko Mauritius Ltd | 6.250% | 02/21/2023 | 2.0% |
| Nederlandse Waterschapsbank NV | 1.000% | 05/28/2030 | 2.0% |
| Aegea Finance Sarl | 5.750% | 10/10/2024 | 2.0% |
| U.S. Treasury Note/Bond | 1.125% | 05/15/2040 | 1.7% |
| San Francisco Pub Util Comm, CA | 6.000% | 11/01/2040 | 1.4% |
| European Bank for Reconstruction & Development | 1.625% | 09/27/2024 | 1.3% |
| Transport for London | 2.125% | 04/24/2025 | 1.3% |
| ING Groep NV | 2.500% | 11/15/2030 | 1.3% |
| Co-Operative Group Ltd | 5.125% | 05/17/2024 | 1.3% |
| Massachusetts Institute of Technology | 3.959% | 07/01/2038 | 1.3% |
| TenneT Holding BV | 1.375% | 06/05/2028 | 1.2% |
| Iberdrola International BV | 3.250% | 02/12/2169 | 1.2% |
| Adif Alta Velocidad | 1.250% | 05/04/2026 | 1.2% |
| Cassa Depositi e Prestiti SpA | 2.125% | 09/27/2023 | 1.2% |
| Essity AB | 1.625% | 03/30/2027 | 1.2% |
| Canal de Isabel II Gestion SA | 1.680% | 02/26/2025 | 1.2% |
| Techem Verwaltungsgesellschaft 674 mbH | 6.000% | 07/30/2026 | 1.2% |
| ESB Finance DAC | 1.125% | 06/11/2030 | 1.2% |
| Orsted A/S | 2.250% | 11/24/3017 | 1.2% |
| SNCF Reseau | 0.750% | 05/25/2036 | 1.1% |
| International Bank for Reconstruction & Developmen | 3.125% | 11/20/2025 | 1.1% |
| Vestas Wind Systems A/S | 2.750% | 03/11/2022 | 1.1% |
| BNP Paribas S.A. | 1.125% | 08/28/2024 | 1.1% |
| ERG SpA | 1.875% | 04/11/2025 | 1.1% |
| Apple, Inc. | 3.000% | 06/20/2027 | 1.1% |
| Danske Bank A/S | 1.625% | 03/15/2024 | 1.1% |
| Societe Nationale SNCF SA | 0.625% | 04/17/2030 | 1.1% |
| WEPA Hygieneprodukte GmbH | 2.875% | 12/15/2027 | 1.1% |
| Terna S.p.A. | 1.000% | 04/10/2026 | 1.1% |
| Getlink SE | 3.625% | 10/01/2023 | 1.1% |
| Japan Finance Organization for Municipalities | 0.050% | 02/12/2027 | 1.1% |
| Royal Bank of Canada | 0.250% | 05/02/2024 | 1.1% |
| Kaiser Foundation Hospitals | 3.150% | 05/01/2027 | 1.1% |
| Unione di Banche Italiane SpA | 1.500% | 04/10/2024 | 1.1% |
| EnBW Energie Baden-Wuerttemberg AG | 1.625% | 08/05/2079 | 1.1% |
| Viridian Group FinanceCo PLC / Viridian Power & En | 4.000% | 09/15/2025 | 1.1% |
| LeasePlan Corp NV | 1.375% | 03/07/2024 | 1.1% |
| U.S. Treasury Note/Bond | 1.250% | 05/15/2050 | 1.1% |
| Telefonica Europe B.V. | 2.502% | 02/05/2170 | 1.1% |
| TeliaSonera AB | 1.375% | 05/11/2081 | 1.1% |
| Energias de Portugal S.A. | 1.700% | 07/20/2080 | 1.0% |
| Bank of America Corp. | 3.499% | 05/17/2022 | 1.0% |
| Paprec Holding SA | 4.000% | 03/31/2025 | 1.0% |
| Kreditanstalt fur Wiederaufbau | 0.875% | 09/15/2026 | 1.0% |
| Pentair Finance SA | 4.500% | 07/01/2029 | 0.8% |
| NextEra Energy Operating Partners LP | 4.500% | 09/15/2027 | 0.8% |
| Enviva Partners LP / Enviva Partners Finance Corp | 6.500% | 01/15/2026 | 0.8% |
| New York City Mun Fin Auth | 5.750% | 06/15/2041 | 0.8% |
| Darling International, Inc. | 5.250% | 04/15/2027 | 0.8% |
| Bank of Nova Scotia | 2.375% | 01/18/2023 | 0.8% |
| NXP BV / NXP Funding LLC / NXP USA Inc | 3.400% | 05/01/2030 | 0.8% |
| HAT Holdings I LLC / HAT Holdings II LLC | 6.000% | 04/15/2025 | 0.8% |
| Pattern Energy Group, Inc. | 5.875% | 02/01/2024 | 0.8% |
| Itron, Inc. | 5.000% | 01/15/2026 | 0.8% |
| Tesla Motors, Inc. | 5.300% | 08/15/2025 | 0.8% |
| Covanta Holding Corp. | 5.875% | 07/01/2025 | 0.8% |
| Asian Infrastructure Investment Bank/The | 0.500% | 05/28/2025 | 0.8% |
| Mueller Water Products, Inc. | 5.500% | 06/15/2026 | 0.7% |
| NSTAR Electric Co. | 3.250% | 05/15/2029 | 0.7% |
| Starbucks Corp. | 4.450% | 08/15/2049 | 0.7% |
| PayPal Holdings, Inc. | 3.250% | 06/01/2050 | 0.6% |
| Citigroup, Inc. | 1.678% | 05/15/2024 | 0.6% |
| Kilroy Realty L.P. | 4.750% | 12/15/2028 | 0.6% |
| Asian Development Bank | 3.125% | 09/26/2028 | 0.6% |
| Analog Devices, Inc. | 2.950% | 04/01/2025 | 0.6% |
| Verizon Communications, Inc. | 3.875% | 02/08/2029 | 0.6% |
| Alerion Cleanpower SpA | 3.125% | 12/19/2025 | 0.6% |
| European Investment Bank | 2.375% | 05/24/2027 | 0.6% |
| Fiserv, Inc. | 3.200% | 07/01/2026 | 0.6% |
| Pfizer, Inc. | 2.625% | 04/01/2030 | 0.6% |
| European Investment Bank | 2.125% | 04/13/2026 | 0.6% |
| Aqua America, Inc. | 3.566% | 05/01/2029 | 0.5% |
| Clearway Energy Operating LLC | 5.750% | 10/15/2025 | 0.5% |
| E. ON AG | 0.350% | 02/28/2030 | 0.5% |
| Owens Corning | 3.950% | 08/15/2029 | 0.5% |
| PepsiCo, Inc. | 2.875% | 10/15/2049 | 0.5% |
| Kreditanstalt fur Wiederaufbau | 2.000% | 10/04/2022 | 0.5% |
| UDR, Inc. | 3.100% | 11/01/2034 | 0.5% |
| Weyerhaeuser Co. | 6.875% | 12/15/2033 | 0.5% |
| Advanced Drainage Systems, Inc. | 5.000% | 09/30/2027 | 0.5% |
| Morgan Stanley Capital Barclays Bank Trust 2016-MA | 2.200% | 09/13/2031 | 0.5% |
| Alexandria Real Estate Equities, Inc. | 3.800% | 04/15/2026 | 0.5% |
| Generac Holdings, Inc. | 3.024% | 12/13/2026 | 0.5% |
| Sysco Corp. | 2.400% | 02/15/2030 | 0.5% |
| Interstate Power and Light Co | 4.100% | 09/26/2028 | 0.5% |
| EWT Holdings III Corp. (fka WTG Holdings III Corp. | 3.849% | 12/20/2024 | 0.3% |
| Global Payments, Inc. | 3.750% | 06/01/2023 | 0.3% |
| Xylem, Inc. | 3.250% | 11/01/2026 | 0.3% |
| American Water Capital Corp. | 2.800% | 05/01/2030 | 0.3% |
| Delphi Corp. | 4.150% | 03/15/2024 | 0.3% |
| Core & Main LP | 6.125% | 08/15/2025 | 0.3% |
| Exgen Renewables IV, LLC | 4.000% | 11/28/2024 | 0.3% |
| Energy East Corp. | 3.200% | 04/15/2025 | 0.3% |
| Prudential Financial, Inc. | 1.500% | 03/10/2026 | 0.3% |
| Tesla Motors, Inc. | 2.000% | 05/15/2024 | 0.2% |
| BorgWarner, Inc. | 3.375% | 03/15/2025 | 0.2% |
| Enphase Energy, Inc. | 0.250% | 03/01/2025 | 0.2% |
| SunPower Corp. | 4.000% | 01/15/2023 | 0.2% |
| MidAmerican Energy Co | 3.950% | 08/01/2047 | 0.2% |
| DocuSign Inc | 0.500% | 09/15/2023 | 0.2% |
| Hannon Armstrong Sustainable Infrastructure Capita | 4.125% | 09/01/2022 | 0.1% |
| Core & Main Holdings LP | 8.625% | 09/15/2024 | 0.1% |
| EURO BUXL 30Y BND Sep20 | 0.000% | 09/10/2020 | 0.0% |
| EURO-BOBL FUT Sep20 | 0.000% | 09/10/2020 | 0.0% |
| EURO-BUND FUTURE Sep20 | 0.000% | 09/10/2020 | 0.0% |
| EURO-SCHATZ FUT SEP20 | 0.000% | 09/10/2020 | 0.0% |
| US 10YR ULTRA FUT SEP20 | 0.000% | 09/30/2020 | 0.0% |
| US 5YR NOTE (CBT) SEP20 | 0.000% | 10/05/2020 | 0.0% |
| FX USD/GBP 06/20 | 0.000% | 06/05/2020 | 0.0% |
| FX USD/GBP 06/20 | 0.000% | 06/05/2020 | 0.0% |
| FX USD/EUR 09/20 | 0.000% | 09/04/2020 | 0.0% |
| FX USD/EUR 09/20 | 0.000% | 09/04/2020 | 0.0% |
| FX USD/EUR 09/20 | 0.000% | 09/04/2020 | 0.0% |
| FX USD/GBP 06/20 | 0.000% | 06/05/2020 | 0.0% |
| FX USD/EUR 09/20 | 0.000% | 09/04/2020 | 0.0% |
| FX USD/EUR 09/20 | 0.000% | 09/04/2020 | -0.4% |
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 Ratioas of 06/30/2020
| Fund Gross Expense Ratio | Fund Net Expense Ratio | |
|---|---|---|
| 0.77% | 0.45% |
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 the period through 11/30/2021. 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
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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