CFBAX | Climate Focused Bond Fund Class A | Lord Abbett

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Climate Focused Bond Fund

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Daily price w/o sales charge as of 06/24/2022

$8.91

arrowDown$0.01

YTD Returns w/o sales charge as of 06/24/2022

-10.24%

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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 06/24/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.09% 0.59%

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

  Subsidized3 Un-Subsidized4
w/o sales charge 2.88% 2.08%

Fund Basicsas of 05/31/2022

Total Net Assets
$21.80 M
Inception Date
05/29/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.95%
Fund Net Expense Ratio
0.45%
Number of Holdings
261

Fund Expense Ratio :

Gross 1.95%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -8.05% -7.61% - - - -1.61%
Lipper Category Avg. General Bond Funds -8.98% -8.44% - - - -
ICE BofA Green Bond Index Hedged USD -11.15% -10.75% - - - -4.39%

Fund Expense Ratio :

Gross 1.95%

Net 0.45%

Fund Expense Ratio :

Gross 1.95%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -4.75% -3.81% - - - 0.15%
Lipper Category Avg. General Bond Funds -5.40% -3.24% - - - -
ICE BofA Green Bond Index Hedged USD -6.56% -6.29% - - - -2.14%

Fund Expense Ratio :

Gross 1.95%

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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INVESTMENT TEAM

Annika M. Lombardi
Annika M. Lombardi

Managing Director, Portfolio Manager

15 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

21 Years of Industry Experience

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

Partner & Portfolio Manager

24 Years of Industry Experience

Supported By 71 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 1.95%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -8.05% -7.61% - - - -1.61%
Lipper Category Avg. General Bond Funds -8.98% -8.44% - - - -
ICE BofA Green Bond Index Hedged USD -11.15% -10.75% - - - -4.39%

Fund Expense Ratio :

Gross 1.95%

Net 0.45%

Fund Expense Ratio :

Gross 1.95%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -4.75% -3.81% - - - 0.15%
Lipper Category Avg. General Bond Funds -5.40% -3.24% - - - -
ICE BofA Green Bond Index Hedged USD -6.56% -6.29% - - - -2.14%

Fund Expense Ratio :

Gross 1.95%

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
2021 -0.64% -2.19%
2020 5.95% 6.68%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -4.75% - - - -10.24%
2021 -1.60% 1.14% 0.15% -0.31% -0.64%
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
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 05/31/2022

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 03/31/2022

  • During the quarter, we were focused on adding high quality, floating rate exposure. Most of the Fund’s adds have come in green or sustainable floating rate supranational debt. 
  • We have modestly reduced the Fund’s high yield allocation and more specifically the Fund’s European high yield exposure as we feel that these securities are more sensitive to input costs and economic growth.
  • Relative to the ICE BofA Green Bond Index, the Fund is modestly overweight credit risk. More specifically, the Fund is overweight bonds in the lower credit quality tiers.
  • The Fund also continues to remain underweight duration versus both the Green Bond index and Global Aggregate, given our views on persistently high inflation.

PORTFOLIO DETAILS as of 05/31/2022

Total Net Assets
$21.80 M
Number of Issues
261
Average Coupon
2.27%
Average Life
6.63 Years
Average Effective Duration
5.06 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 2.875% 05/15/2032 2.3%
Bundesrepublik Deutschland Bundesanleihe 0.000% 08/15/2030 1.8%
United States Treasury Note/Bond 2.500% 03/31/2027 1.2%
UNITED STATES TREASURY NOTE/BO 2.750% 04/30/2027 1.2%
Transport for London 2.125% 04/24/2025 1.1%
CDP Financial Inc 1.000% 05/26/2026 1.1%
Scottish Hydro Electric Transmission PLC 1.500% 03/24/2028 1.0%
International Finance Corp 0.544% 04/03/2024 1.0%
European Bank for Reconstruction & Development 1.625% 09/27/2024 1.0%
International Bank for Reconstruction & Development 1.078% 11/22/2028 1.0%
% of Total Assets 12.7%
Holding Coupon Maturity Assets
United States Treasury Note/Bond2.500% 03/31/20272.1%
United States Treasury Note/Bond1.875% 02/15/20321.8%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20301.7%
Transport for London2.125% 04/24/20251.1%
CDP Financial Inc1.000% 05/26/20261.0%
Scottish Hydro Electric Transmission PLC1.500% 03/24/20281.0%
International Finance Corp0.380% 04/03/20241.0%
European Bank for Reconstruction & Development1.625% 09/27/20241.0%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20500.9%
International Bank for Reconstruction & Development0.469% 11/22/20280.9%
FX USD/EUR 06/220.000% 06/10/20220.9%
Adani Green Energy UP Ltd / Prayatna Developers Pvt Ltd / Parampujya Solar Energ6.250% 12/10/20240.9%
Korea Water Resources Corp3.875% 05/15/20230.9%
Statnett SF0.518% 06/30/20230.9%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV2.750% 02/20/20240.9%
Industrial & Commercial Bank of China Ltd/Luxembourg2.875% 10/12/20220.9%
Inter-American Development Bank0.572% 04/12/20270.9%
International Bank for Reconstruction & Development0.421% 06/15/20260.9%
Korea East-West Power Co Ltd3.600% 05/06/20250.9%
Kommuninvest I Sverige AB1.625% 04/24/20230.8%
Aegea Finance Sarl6.750% 05/20/20290.8%
Kommunalbanken AS2.125% 02/11/20250.8%
Central Japan Railway Co2.200% 10/02/20240.8%
European Investment Bank2.125% 04/13/20260.8%
Development Bank of Japan Inc1.750% 02/18/20250.8%
Japan Finance Organization for Municipalities1.500% 01/27/20250.8%
Kommuninvest I Sverige AB0.375% 06/19/20240.8%
Standard Chartered PLC1.214% 03/23/20250.8%
Industrial Bank of Korea0.625% 09/17/20240.8%
Japan Bank for International Cooperation1.625% 01/20/20270.8%
Bank Hapoalim BM3.255% 01/21/20320.8%
Hyundai Capital Services Inc1.250% 02/08/20260.8%
Action Logement Services0.500% 10/30/20340.8%
Greenko Dutch BV3.850% 03/29/20260.8%
ABN AMRO Bank NV2.470% 12/13/20290.8%
Sweihan PV Power Co PJSC3.625% 01/31/20490.8%
JSW Hydro Energy Ltd4.125% 05/18/20310.7%
Nederlandse Waterschapsbank NV1.000% 05/28/20300.7%
Enel Finance International NV2.250% 07/12/20310.7%
Sociedad Quimica y Minera de Chile SA3.500% 09/10/20510.7%
Autonomous Community of Madrid Spain0.419% 04/30/20300.6%
Asian Infrastructure Investment Bank/The0.500% 05/28/20250.6%
Asian Development Bank3.125% 09/26/20280.6%
GoodLeap Sustainable Home Solutions Trust 2022-12.700% 01/20/20490.6%
Kreditanstalt fuer Wiederaufbau0.750% 09/30/20300.5%
Tesla Auto Lease Trust 2019-A2.680% 01/20/20230.5%
Co-Operative Group Ltd5.125% 05/17/20240.5%
Citigroup Inc1.678% 05/15/20240.5%
Landesbank Baden-Wuerttemberg1.500% 02/03/20250.5%
Canary Wharf Group Investment Holdings PLC2.625% 04/23/20250.5%
Bazalgette Finance Plc2.750% 03/10/20340.5%
Barclays PLC1.700% 11/03/20260.5%
City of San Francisco CA Public Utilities Commission Water Revenue6.000% 11/01/20400.5%
Bank of Nova Scotia/The0.650% 07/31/20240.5%
Province of Quebec Canada1.850% 02/13/20270.5%
Kreditanstalt fuer Wiederaufbau2.000% 10/04/20220.5%
Vmed O2 UK Financing I PLC4.500% 07/15/20310.5%
Pentair Finance Sarl3.150% 09/15/20220.5%
Signify NV2.375% 05/11/20270.5%
Schneider Electric SE1.841% 10/13/20250.5%
JP Morgan Chase Commercial Mortgage Securities Trust 2021-14402.304% 03/15/20360.5%
Province of Ontario Canada1.850% 02/01/20270.5%
Getlink SE3.500% 10/30/20250.5%
Canal de Isabel II Gestion SA1.680% 02/26/20250.5%
ERG SpA1.875% 04/11/20250.4%
Drax Finco PLC2.625% 11/01/20250.4%
Walmart Inc1.800% 09/22/20310.4%
JPMorgan Chase & Co0.768% 08/09/20250.4%
AIB Group PLC2.875% 05/30/20310.4%
OI European Group BV2.875% 02/15/20250.4%
PartnerRe Ireland Finance DAC1.250% 09/15/20260.4%
Orsted AS1.500% 11/26/20290.4%
FCC Servicios Medio Ambiente Holding SAU1.661% 12/04/20260.4%
VNDO 2012-6AVE Mortgage Trust3.448% 11/15/20300.4%
Energia Group NI FinanceCo PLC/Energia Group ROI Holdings DAC4.000% 09/15/20250.4%
Chanel Ceres PLC0.500% 07/31/20260.4%
NextEra Energy Capital Holdings Inc1.900% 06/15/20280.4%
Scatec ASA1.971% 08/19/20250.4%
LeasePlan Corp NV0.250% 02/23/20260.4%
Paprec Holding SA3.500% 07/01/20280.4%
Wabtec Transportation Netherlands BV1.250% 12/03/20270.4%
Alstom SA0.250% 10/14/20260.4%
EEW Energy from Waste GmbH0.361% 06/30/20260.4%
CaixaBank SA1.250% 06/18/20310.4%
Engie SA0.375% 06/21/20270.4%
Rexel SA2.125% 06/15/20280.4%
International Finance Corp2.000% 10/24/20220.4%
Aqua Finance Trust 2021-A3.140% 07/17/20460.4%
European Union1.250% 02/04/20430.4%
Cullinan Holdco Scsp4.625% 10/15/20260.4%
Bank of Ireland Group PLC0.375% 05/10/20270.4%
Adif Alta Velocidad0.550% 04/30/20300.4%
Tesla Auto Lease Trust 2021-A1.020% 03/20/20250.4%
Ferrovie dello Stato Italiane SpA0.375% 03/25/20280.4%
Novelis Sheet Ingot GmbH3.375% 04/15/20290.4%
Seche Environnement SA2.250% 11/15/20280.4%
Signa Development Finance SCS5.500% 07/23/20260.4%
Intesa Sanpaolo SpA0.750% 03/16/20280.4%
Danske Bank A/S0.750% 06/09/20290.4%
Ren Finance BV0.500% 04/16/20290.4%
E.ON SE0.350% 02/28/20300.4%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.4%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.4%
American Water Capital Corp2.800% 05/01/20300.4%
Hamburger Hochbahn AG0.125% 02/24/20310.4%
CBRE Global Investors Open-Ended Fund SCA SICAV-SIF Pan European Core Fund0.900% 10/12/20290.4%
One Bryant Park Trust 2019-OBP2.516% 09/15/20540.4%
Solar Star Funding LLC5.375% 06/30/20350.4%
Sweden Government International Bond0.125% 09/09/20300.4%
Sweden Government International Bond0.125% 09/09/20300.4%
Eli Lilly & Co0.500% 09/14/20330.4%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.4%
Blackstone Property Partners Europe Holdings Sarl1.625% 04/20/20300.4%
Fiserv Inc3.200% 07/01/20260.4%
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC3.000% 09/01/20290.4%
Advanced Drainage Systems Inc5.000% 09/30/20270.4%
EDP - Energias de Portugal SA1.875% 03/14/20820.4%
TenneT Holding BV0.125% 11/30/20320.4%
Equinix Inc1.000% 03/15/20330.4%
Apple Inc3.000% 06/20/20270.4%
Societe Du Grand Paris EPIC0.300% 09/02/20360.4%
Digital Dutch Finco BV1.000% 01/15/20320.4%
Audax Renovables SA4.200% 12/18/20270.4%
US 10yr Ultra Fut Jun220.000% 06/30/20220.4%
Alerion Cleanpower SpA3.125% 12/19/20250.3%
Bank of Nova Scotia/The2.375% 01/18/20230.3%
FX USD/GBP 06/220.000% 06/07/20220.3%
Xylem Inc/NY2.250% 01/30/20310.3%
Switch Ltd3.750% 09/15/20280.3%
Massachusetts Institute of Technology3.959% 07/01/20380.3%
French Republic Government Bond OAT0.500% 06/25/20440.3%
Pattern Energy Operations LP / Pattern Energy Operations Inc4.500% 08/15/20280.3%
Asian Development Bank2.450% 01/17/20240.3%
Inter-American Investment Corp2.625% 04/22/20250.3%
European Investment Bank2.375% 05/24/20270.3%
TerraForm Power Operating LLC4.750% 01/15/20300.3%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.3%
Topaz Solar Farms LLC5.750% 09/30/20390.3%
Pfizer Inc2.625% 04/01/20300.3%
Global Payments Inc3.200% 08/15/20290.3%
Sunnova Energy Corp5.875% 09/01/20260.3%
Darling Ingredients Inc5.250% 04/15/20270.3%
Piedmont Operating Partnership LP3.150% 08/15/20300.3%
US 5YR NOTE (CBT) Jun220.000% 07/06/20220.3%
Kaiser Foundation Hospitals3.150% 05/01/20270.3%
United States Treasury Note/Bond2.250% 02/15/20520.3%
BorgWarner Inc3.375% 03/15/20250.3%
Renewable Energy Group Inc5.875% 06/01/20280.3%
Hubbell Inc3.500% 02/15/20280.3%
City of Dallas TX Waterworks & Sewer System Revenue2.772% 10/01/20400.3%
Liberty Utilities Finance GP 12.050% 09/15/20300.3%
Analog Devices Inc2.950% 04/01/20250.3%
New York City Municipal Water Finance Authority5.750% 06/15/20410.3%
HAT Holdings I LLC / HAT Holdings II LLC3.750% 09/15/20300.3%
AI Aqua Merger Sub Inc4.250% 07/31/20280.3%
Province of Ontario Canada1.550% 11/01/20290.3%
MidAmerican Energy Co3.950% 08/01/20470.3%
Clearway Energy Operating LLC3.750% 02/15/20310.3%
Pentair Finance Sarl4.500% 07/01/20290.3%
Dispatch Terra Acquisition LLC5.256% 03/25/20280.3%
United Kingdom Gilt0.875% 07/31/20330.3%
City of Los Angeles CA Wastewater System Revenue5.713% 06/01/20390.3%
Dana Inc4.250% 09/01/20300.3%
United Utilities PLC6.875% 08/15/20280.2%
Array Technologies Inc3.750% 10/14/20270.2%
NXP BV / NXP Funding LLC / NXP USA Inc3.400% 05/01/20300.2%
Spain Government Bond1.000% 07/30/20420.2%
Verizon Communications Inc3.875% 02/08/20290.2%
Owens Corning3.950% 08/15/20290.2%
Amgen Inc3.000% 02/22/20290.2%
NextEra Energy Operating Partners LP4.500% 09/15/20270.2%
Essential Utilities Inc2.400% 05/01/20310.2%
Mueller Water Products Inc4.000% 06/15/20290.2%
San Diego County Water Authority1.951% 05/01/20340.2%
International Finance Corp0.378% 06/30/20230.2%
Metropolitan Transportation Authority5.175% 11/15/20490.2%
EWT HOLDINGS III CORP.3.313% 04/01/20280.2%
NYO Commercial Mortgage Trust 2021-12901.649% 11/15/20380.2%
Tucson Electric Power Co1.500% 08/01/20300.2%
Madison IAQ LLC5.875% 06/30/20290.2%
Weyerhaeuser Co6.875% 12/15/20330.2%
Kilroy Realty LP4.750% 12/15/20280.2%
IEA Energy Services LLC6.625% 08/15/20290.2%
Southwestern Public Service Co3.750% 06/15/20490.2%
Eco Material Technologies Inc7.875% 01/31/20270.2%
City of Corpus Christi TX Utility System Revenue1.966% 07/15/20300.2%
Equinix Inc1.550% 03/15/20280.2%
PepsiCo Inc2.875% 10/15/20490.2%
Suzano Austria GmbH3.125% 01/15/20320.2%
Esdec Solar Group BV6.500% 08/30/20280.2%
Johnson Controls International plc / Tyco Fire & Security Finance SCA1.750% 09/15/20300.2%
Northern States Power Co/MN2.600% 06/01/20510.2%
Generac Power Systems Inc2.205% 12/13/20260.2%
Dallas Area Rapid Transit2.534% 12/01/20360.2%
nVent Finance Sarl2.750% 11/15/20310.2%
ELEMENT MAT TEC GR US HLD INC0.000% 04/12/20290.2%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.2%
City of Philadelphia PA Water & Wastewater Revenue1.734% 11/01/20280.2%
Asian Infrastructure Investment Bank/The0.200% 12/15/20250.2%
Aptiv PLC4.350% 03/15/20290.1%
THERMOSTAT PURCHASER III INC.5.250% 08/31/20280.1%
Refficiency Holdings LLC4.514% 12/16/20270.1%
Constellation Renewables LLC3.500% 12/15/20270.1%
Sysco Corp2.400% 02/15/20300.1%
Global Payments Inc3.750% 06/01/20230.1%
BINGO INDUSTRIES LTD4.000% 07/08/20280.1%
Filtration Group Corp3.749% 03/29/20250.1%
Ford Motor Co3.250% 02/12/20320.1%
Enphase Energy Inc0.000% 03/01/20260.1%
Micron Technology Inc2.703% 04/15/20320.1%
Tesla Inc2.000% 05/15/20240.1%
Goodman US Finance Five LLC4.625% 05/04/20320.1%
SolarEdge Technologies Inc0.000% 09/15/20250.1%
City of Aurora CO Water Revenue2.348% 08/01/20360.1%
Sunrun Inc0.000% 02/01/20260.1%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.1%
Alexandria Real Estate Equities Inc2.000% 05/18/20320.1%
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue2.611% 07/01/20360.1%
SunPower Corp4.000% 01/15/20230.1%
Zurn LLC3.014% 10/04/20280.1%
RealReal Inc/The1.000% 03/01/20280.1%
Algonquin Power & Utilities Corp0.000% 06/15/20240.1%
NextEra Energy Partners LP0.000% 06/15/20240.1%
Plug Power Inc3.750% 06/01/20250.1%
FX USD/SEK 07/220.000% 07/21/20220.0%
ELEMNT MAT TECH GRP US HOL INC0.000% 06/30/20290.0%
Lucid Group Inc1.250% 12/15/20260.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
Refficiency Holdings LLC0.038% 12/16/20270.0%
NIO Inc0.500% 02/01/20270.0%
THERMOSTAT PURCHASER III INC0.045% 08/31/20280.0%
FX USD/GBP 06/220.000% 06/07/20220.0%
FX USD/CAD 07/220.000% 07/20/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
US 2YR NOTE (CBT) Jun220.000% 07/06/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
FX USD/AUD 05/220.000% 05/25/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
EURO-BOBL FUTURE Jun220.000% 06/10/20220.0%
EURO-BUND FUTURE Jun220.000% 06/10/20220.0%
EURO-BUXL 30Y BND Jun220.000% 06/10/20220.0%
FX GBP/USD 06/220.000% 06/07/20220.0%
FX GBP/USD 06/220.000% 06/07/20220.0%
FX GBP/USD 06/220.000% 06/07/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX GBP/USD 06/220.000% 06/07/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
US ULTRA BOND CBT Jun220.000% 06/30/2022-0.3%

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 05/31/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
1.95% 0.45%

Expense ratio details, Click here.

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
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
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

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IMPORTANT INFORMATION

 

*"Barron's Best Fund Families of 2021", #4 ranking in the Taxable Bond category based on the net total return of the one-year period ending 12/31/2021, among 51 qualifying fund families. Ranking for the ten-year period ending 12/31/2021 is #2 out of 45 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2021,” February 18, 2022. 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, 2021, 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 2022. 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.

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.

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