CFBAX | Climate Focused Bond Fund Class A | Lord Abbett
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Climate Focused Bond Fund

Daily price w/o sales charge as of 07/28/2021

$10.37

$0.00

YTD Returns w/o sales charge as of 07/28/2021

0.33%

Click here to view all legal text including risk information

Summary

Summary

What is the Climate Focused Bond Fund?

The Fund seeks to deliver total return by investing in the securities of issuers we believe have, or will have, a positive impact on the climate.

 

Yield

Dividend Yield 1 as of 07/28/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.80% 0.00%

30-Day Standardized Yield 2 as of 06/30/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.06% 0.37%

Fund Basicsas of 06/30/2021

Total Net Assets
$17.98 M
Inception Date
05/29/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.94%
Fund Net Expense Ratio
0.45%
Number of Holdings
196

Fund Expense Ratio :

Gross 2.94%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -0.48% 3.97% - - - 4.98%
Lipper Category Avg. General Bond Funds 0.34% 4.99% - - - -
ICE BofA Green Bond Index Hedged USD -2.03% 1.38% - - - 2.75%

Fund Expense Ratio :

Gross 2.94%

Net 0.45%

Fund Expense Ratio :

Gross 2.94%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -0.48% 3.97% - - - 4.98%
Lipper Category Avg. General Bond Funds 0.34% 4.99% - - - -
ICE BofA Green Bond Index Hedged USD -2.03% 1.38% - - - 2.75%

Fund Expense Ratio :

Gross 2.94%

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.

INVESTMENT TEAM

Annika M. Lombardi
Annika M. Lombardi

Portfolio Manager

13 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

22 Years of Industry Experience

Supported By 64 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

Gross 2.94%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -0.48% 3.97% - - - 4.98%
Lipper Category Avg. General Bond Funds 0.34% 4.99% - - - -
ICE BofA Green Bond Index Hedged USD -2.03% 1.38% - - - 2.75%

Fund Expense Ratio :

Gross 2.94%

Net 0.45%

Fund Expense Ratio :

Gross 2.94%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -0.48% 3.97% - - - 4.98%
Lipper Category Avg. General Bond Funds 0.34% 4.99% - - - -
ICE BofA Green Bond Index Hedged USD -2.03% 1.38% - - - 2.75%

Fund Expense Ratio :

Gross 2.94%

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.

Year Fund Returns ICE BofA Green Bond Index Hedged USD
2020 5.95% 6.68%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -1.60% 1.14% - - 0.33%
2020 - - 2.33% 2.10% 5.95%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Convertibles
CMBS
Non-U.S. Investment Grade Corporate
U.S. Investment Grade Corporate
U.S. Government Related
ABS
Non-U.S. High Yield Corporate
U.S. High Yield Corporate
Sovereign
Bank Loans
Municipals
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 06/30/2021

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 Positioning as of 6/30/2021

  • Relative to the ICE BofA Green Bond Index, the Fund is modestly overweight credit risk. More specifically, the Fund is overweight bonds in the ‘BBB’ and lower credit quality tiers.
  • The stabilization in rates and the positive outlook for renewable energy has created some compelling opportunities in the solar convertible bond space, where we now have a small position.
  • Our view on European-issued green bonds is still positive, as it appears more likely that the European Central Bank (ECB) will favor green bonds in their asset purchase programs in the future

PORTFOLIO DETAILS as of 06/30/2021

Total Net Assets
$17.98 M
Number of Issues
196
Average Coupon
2.36%
Average Life
6.72 Years
Average Effective Duration
5 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
United States Treasury Note/Bond 0.750% 03/31/2026 2.2%
Canary Wharf Group Investment Holdings PLC 2.625% 04/23/2025 1.6%
Scatec ASA 1.952% 08/19/2025 1.3%
Statnett SF 0.518% 06/30/2023 1.3%
Investment Energy Resources Ltd 6.250% 04/26/2029 1.2%
Nederlandse Financierings-Maatschappij voor Ontwik 2.750% 02/20/2024 1.2%
United States Treasury Note/Bond 1.625% 05/15/2031 1.2%
Korea Water Resources Corp 3.875% 05/15/2023 1.2%
Aegea Finance Sarl 5.750% 10/10/2024 1.2%
Greenko Dutch BV 3.850% 03/29/2026 1.1%
% of Total Assets 13.5%
Holding Coupon Maturity Assets
United States Treasury Note/Bond0.750% 03/31/20262.3%
Canary Wharf Group Investment Holdings PLC2.625% 04/23/20251.6%
Statnett SF0.518% 06/30/20231.4%
Scatec ASA1.952% 08/19/20251.4%
United States Treasury Note/Bond0.625% 08/15/20301.2%
Investment Energy Resources Ltd6.250% 04/26/20291.2%
Nederlandse Financierings-Maatschappij voor Ontwik2.750% 02/20/20241.2%
Korea Water Resources Corp3.875% 05/15/20231.2%
Aegea Finance Sarl5.750% 10/10/20241.2%
BNG Bank NV1.500% 10/16/20241.2%
Greenko Dutch BV3.850% 03/29/20261.2%
Industrial & Commercial Bank of China Ltd/Luxembou2.875% 10/12/20221.2%
Kommuninvest I Sverige AB1.625% 04/24/20231.2%
Standard Chartered plc1.214% 03/23/20251.1%
JSW Hydro Energy Ltd4.125% 05/18/20311.1%
Atlantica Sustainable Infrastructure PLC4.125% 06/15/20281.1%
Development Bank of Japan Inc0.500% 03/04/20241.1%
Nederlandse Waterschapsbank NV1.000% 05/28/20301.1%
Asian Infrastructure Investment Bank/The0.500% 05/28/20251.0%
Autonomous Community of Madrid Spain0.419% 04/30/20301.0%
European Bank for Reconstruction & Development1.625% 09/27/20241.0%
Co-Operative Group Ltd5.125% 05/17/20240.9%
Asian Development Bank3.125% 09/26/20280.9%
Transport for London2.125% 04/24/20250.9%
ING Groep NV2.500% 11/15/20300.8%
Barclays plc1.700% 11/03/20260.8%
Landesbank Baden-Wuerttemberg1.500% 02/03/20250.8%
Severn Trent Utilities Finance PLC2.000% 06/02/20400.8%
AB Ignitis Grupe2.000% 07/14/20270.8%
City of San Francisco CA Public Utilities Commissi6.000% 11/01/20400.8%
Signify NV2.375% 05/11/20270.8%
Orsted AS1.500% 11/26/20290.8%
United States Treasury Note/Bond1.125% 05/15/20400.8%
Infineon Technologies AG3.625% 04/01/21990.8%
AIB Group PLC2.875% 05/30/20310.8%
Infineon Technologies AG1.625% 06/24/20290.8%
International Bank for Reconstruction & Developmen2.900% 11/26/20250.7%
Cassa Depositi e Prestiti SpA2.125% 09/27/20230.7%
FCC Servicios Medio Ambiente Holding SA1.661% 12/04/20260.7%
Canal de Isabel II Gestion SA1.680% 02/26/20250.7%
Orsted AS2.250% 11/24/30170.7%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.7%
BNP Paribas SA1.125% 08/28/20240.7%
Nordex SE6.500% 02/01/20230.7%
Intesa Sanpaolo SpA1.500% 04/10/20240.7%
Novelis Sheet Ingot GmbH3.375% 04/15/20290.7%
Societe Nationale SNCF SA0.625% 04/17/20300.7%
Paprec Holding SA4.000% 03/31/20250.7%
OI European Group BV2.875% 02/15/20250.7%
CANPACK SA / Eastern PA Land Investment Holding LL2.375% 11/01/20270.7%
EnBW Energie Baden-Wuerttemberg AG1.625% 08/05/20790.7%
Energia Group NI FinanceCo PLC/Energia Group ROI H4.000% 09/15/20250.7%
Rexel SA2.125% 06/15/20280.7%
Engie SA0.375% 06/21/20270.7%
Province of Ontario Canada1.850% 02/01/20270.7%
EDP - Energias de Portugal SA1.700% 07/20/20800.7%
Swisscom Finance BV0.375% 11/14/20280.7%
SNCF Reseau0.750% 05/25/20360.7%
Chanel Ceres PLC0.500% 07/31/20260.7%
Iberdrola International BV1.450% 02/09/21990.7%
Adif Alta Velocidad0.550% 04/30/20300.7%
Ardagh Metal Packaging Finance USA LLC / Ardagh Me3.000% 09/01/20290.7%
Alstom SA0.250% 10/14/20260.7%
Wabtec Transportation Netherlands BV1.250% 12/03/20270.7%
Ferrovie dello Stato Italiane SpA0.375% 03/25/20280.7%
LeasePlan Corp NV0.250% 02/23/20260.7%
Ren Finance BV0.500% 04/16/20290.7%
Bank of Ireland Group PLC0.375% 05/10/20270.7%
E.ON SE0.350% 02/28/20300.7%
Cyrusone Europe Finance DAC1.125% 05/26/20280.7%
Hamburger Hochbahn AG0.125% 02/24/20310.7%
Action Logement Services0.500% 10/30/20340.7%
Digital Dutch Finco BV1.000% 01/15/20320.7%
Massachusetts Institute of Technology3.959% 07/01/20380.7%
Sweden Government International Bond0.125% 09/09/20300.7%
Sweden Government International Bond0.125% 09/09/20300.7%
Advanced Drainage Systems Inc5.000% 09/30/20270.7%
Kreditanstalt fuer Wiederaufbau2.000% 10/04/20220.7%
Tesla Inc5.300% 08/15/20250.6%
Province of Quebec Canada1.850% 02/13/20270.6%
Kaiser Foundation Hospitals3.150% 05/01/20270.6%
Kreditanstalt fuer Wiederaufbau0.875% 09/15/20260.6%
Equinix Inc1.550% 03/15/20280.6%
European Investment Bank2.125% 04/13/20260.6%
One Bryant Park Trust 2019-OBP2.516% 09/15/20540.6%
Pentair Finance Sarl4.500% 07/01/20290.6%
N/A2.150% 06/19/20510.6%
International Finance Corp2.000% 10/24/20220.6%
HAT Holdings I LLC / HAT Holdings II LLC3.750% 09/15/20300.6%
French Republic Government Bond OAT0.500% 06/25/20440.6%
Switch Ltd3.750% 09/15/20280.5%
Analog Devices Inc2.950% 04/01/20250.5%
United States Treasury Note/Bond1.375% 08/15/20500.5%
Asian Development Bank2.450% 01/17/20240.5%
Topaz Solar Farms LLC5.750% 09/30/20390.5%
Bank of Nova Scotia/The2.375% 01/18/20230.5%
UDR Inc3.100% 11/01/20340.5%
Johnson Controls International plc / Tyco Fire & S1.750% 09/15/20300.5%
NXP BV / NXP Funding LLC / NXP USA Inc3.400% 05/01/20300.5%
European Investment Bank2.375% 05/24/20270.5%
Darling Ingredients Inc5.250% 04/15/20270.4%
TerraForm Power Operating LLC4.750% 01/15/20300.4%
Citigroup Inc1.678% 05/15/20240.4%
City of Dallas TX Waterworks & Sewer System Revenu2.772% 10/01/20400.4%
NextEra Energy Operating Partners LP4.500% 09/15/20270.4%
Array Technologies Inc3.750% 10/07/20270.4%
New York City Water & Sewer System5.750% 06/15/20410.4%
Mueller Water Products Inc5.500% 06/15/20260.4%
Prudential Financial Inc1.500% 03/10/20260.4%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.4%
City of Los Angeles CA Wastewater System Revenue5.713% 06/01/20390.4%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.4%
Alerion Cleanpower SpA3.125% 12/19/20250.4%
Dispatch Acquisition Ho5.000% 03/17/20280.4%
PayPal Holdings Inc1.650% 06/01/20250.4%
Middle Fork Project Finance Authority5.000% 04/01/20360.4%
Alexandria Real Estate Equities, Inc.3.800% 04/15/20260.4%
City of Charleston SC Waterworks & Sewer System Re1.890% 01/01/20330.3%
Piedmont Operating Partnership LP3.150% 08/15/20300.3%
San Diego County Water Authority1.951% 05/01/20340.3%
Metropolitan Transportation Authority5.175% 11/15/20490.3%
Tucson Electric Power Co1.500% 08/01/20300.3%
Owens Corning3.950% 08/15/20290.3%
Pattern Energy Operations LP / Pattern Energy Oper4.500% 08/15/20280.3%
Weyerhaeuser Co6.875% 12/15/20330.3%
Pfizer Inc2.625% 04/01/20300.3%
Kilroy Realty LP4.750% 12/15/20280.3%
American Water Capital Corp2.800% 05/01/20300.3%
Verizon Communications Inc3.875% 02/08/20290.3%
Mueller Water Products Inc4.000% 06/15/20290.3%
City of Corpus Christi TX Utility System Revenue1.966% 07/15/20300.3%
Tesla Auto Lease Trust 2021-A1.020% 03/20/20250.3%
Morgan Stanley Capital Barclays Bank Trust 2016-MA2.200% 09/13/20310.3%
EWT Holdings III Corp2.622% 03/10/20280.3%
Clearway Energy Operating LLC3.750% 02/15/20310.3%
Northern States Power Co/MN2.600% 06/01/20510.3%
Asian Infrastructure Investment Bank/The0.200% 12/15/20250.2%
Renewable Energy Group Inc5.875% 06/01/20280.2%
City of Philadelphia PA Water & Wastewater Revenue1.734% 11/01/20280.2%
Aptiv PLC4.350% 03/15/20290.2%
BorgWarner Inc3.375% 03/15/20250.2%
Generac Holdings, Inc.2.225% 12/13/20260.2%
Sysco Corp2.400% 02/15/20300.2%
PepsiCo Inc2.875% 10/15/20490.2%
AI Aqua Merger Sub Inc5.691% 12/13/20230.2%
Liberty Utilities Finance GP 12.050% 09/15/20300.2%
Refficiency Holdings LLC4.750% 12/10/20270.2%
Apple Inc3.000% 06/20/20270.2%
Fiserv Inc3.200% 07/01/20260.2%
Xylem Inc/NY3.250% 11/01/20260.2%
Global Payments Inc3.750% 06/01/20230.2%
Exgen Renewables IV, LLC3.750% 12/10/20270.2%
Xylem Inc/NY2.250% 01/30/20310.2%
Starbucks Corp4.450% 08/15/20490.2%
Filtration Group Corp.4.400% 03/29/20250.2%
Aptiv Corp4.150% 03/15/20240.2%
Visa Inc0.750% 08/15/20270.2%
Suzano Austria GmbH3.750% 01/15/20310.1%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.1%
City & County Honolulu HI Wastewater System Revenu1.623% 07/01/20310.1%
Dana Inc4.250% 09/01/20300.1%
Itron Inc0.000% 03/15/20260.1%
International Bank for Reconstruction & Developmen0.250% 01/29/20290.1%
Interstate Power and Light Co3.500% 09/30/20490.1%
Alexandria Real Estate Equities, Inc.2.000% 05/18/20320.1%
Tesla Inc2.000% 05/15/20240.1%
MidAmerican Energy Co3.950% 08/01/20470.1%
Union Electric Co2.625% 03/15/20510.1%
NIO Inc0.500% 02/01/20270.1%
Core & Main LP6.125% 08/15/20250.1%
Core & Main Holdings LP8.625% 09/15/20240.1%
State of California Department of Water Resources1.789% 12/01/20350.1%
Refficiency Holdings LLC4.000% 12/11/20270.0%
FX EUR/USD 06/210.000% 06/04/20210.0%
FX EUR/USD 06/210.000% 06/04/20210.0%
FX EUR/USD 06/210.000% 06/04/20210.0%
FX USD/AUD 09/210.000% 09/01/20210.0%
FX EUR/USD 06/210.000% 06/04/20210.0%
FX EUR/USD 06/210.000% 06/04/20210.0%
FX EUR/USD 06/210.000% 06/04/20210.0%
FX EUR/USD 06/210.000% 06/04/20210.0%
US 2YR NOTE (CBT) SEP210.000% 10/05/20210.0%
US ULTRA BOND CBT SEP210.000% 09/30/20210.0%
EURO BUXL 30Y BND JUN210.000% 06/10/20210.0%
EURO-BOBL FUT JUN210.000% 06/10/20210.0%
EURO-BUND FUTURE JUN210.000% 06/10/20210.0%
US 10YR ULTRA FUT SEP210.000% 09/30/20210.0%
US 5YR NOTE (CBT) SEP210.000% 10/05/20210.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
FX USD/GBP 06/210.000% 06/08/20210.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
FX USD/SEK 07/210.000% 07/21/20210.0%
FX USD/CAD 07/210.000% 07/20/20210.0%
FX USD/GBP 06/210.000% 06/08/2021-0.1%
FX USD/GBP 06/210.000% 06/08/2021-0.1%
FX USD/EUR 06/210.000% 06/04/2021-0.2%
FX USD/EUR 06/210.000% 06/04/2021-0.2%

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 Ratioas of 06/30/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
2.94% 0.45%

Expense ratio details, Click here.

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*Barron’s Overall Fund Family of 2020,” #7 overall ranking among 53 qualifying fund families based on the net total return of the one-year period ending 12/31/2020. Five-year overall ranking is #4 out of 50 qualifying fund families; and 10-year overall ranking is #21 out of 44 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2020,” February 20, 2021. Barron’s rankings are based on asset weighted returns in funds in five categories: general equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2020, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well.

Barron's Fund Family Rankings are awarded annually.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2021. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

IMPORTANT INFORMATION

 

New Fund Risk: The Fund is recently organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investment strategy.

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of your investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. The Fund is subject to the risk that its climate-focused investment strategy may select or exclude securities of certain issuers for reasons other than investment performance considerations which may negatively affect its performance relative to unconstrained peers. Certain climate-focused investments may be dependent on government policies and subsidies, which are subject to change or elimination. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. The fund performance history at this time is very limited; therefore, performance achieved during its initial period of investment operation may not be replicated over longer periods and may not be indicative of how the Fund will perform in the future. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Returns shown at less than a year reflect aggregate total returns.

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The ICE BofA Green Bond Index tracks securities issued for qualified green purposes that promote climate change mitigation or adaption. Qualifying bonds must have a clearly designated use of proceeds that is solely applied toward projects or activities that promote climate change mitigation or adaptation or other environmental sustainability purposes as outlined by the ICMA Green Bond Principles. General debt obligations of corporations that are involved in green industries are not included. The index includes debt of sovereign, quasi-government and corporate issuers, but excludes securitized and collateralized securities.

Source: ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofA INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofA INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Select funds to run a Morningstar Hypothetical Report.

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