Climate Focused Bond Fund
Daily price w/o sales charge as of 04/21/2021
$10.28
$0.01
YTD Returns w/o sales charge as of 04/21/2021
-1.02%
Summary
Summary
Yield
Dividend Yield 1 as of 04/21/2021
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 1.95% | 0.00% |
30-Day Standardized Yield 2 as of 03/31/2021
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 1.10% | 0.00% |
Fund Basicsas of 03/31/2021
- Total Net Assets
- $12.58 M
- Inception Date
- 05/29/2020
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 2.94%
- Fund Net Expense Ratio
- 0.45%
- Number of Holdings
- 179
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 | -1.60% | - | - | - | - | 4.25% |
Lipper Category Avg. General Bond Funds | -1.97% | - | - | - | - | - |
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) | -2.47% | - | - | - | - | -0.22% |
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 | -1.60% | - | - | - | - | 4.25% |
Lipper Category Avg. General Bond Funds | -1.97% | - | - | - | - | - |
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) | -2.47% | - | - | - | - | -0.22% |
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.
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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 | -1.60% | - | - | - | - | 4.25% |
Lipper Category Avg. General Bond Funds | -1.97% | - | - | - | - | - |
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) | -2.47% | - | - | - | - | -0.22% |
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 | -1.60% | - | - | - | - | 4.25% |
Lipper Category Avg. General Bond Funds | -1.97% | - | - | - | - | - |
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) | -2.47% | - | - | - | - | -0.22% |
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.
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 03/31/2021
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 DETAILS as of 03/31/2021
- Total Net Assets
- $12.58 M
- Number of Issues
- 179
- Average Coupon
- 2.47%
- Average Life
- 6.58 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 |
---|
Statnett SF | 0.518% | 06/30/2023 | 1.8% |
Korea Water Resources Corp | 3.875% | 05/15/2023 | 1.7% |
Nederlandse Financierings-Maatschappij voor Ontwik | 2.750% | 02/20/2024 | 1.7% |
Aegea Finance Sarl | 5.750% | 10/10/2024 | 1.7% |
Industrial & Commercial Bank of China Ltd/Luxembou | 2.875% | 10/12/2022 | 1.6% |
Kommuninvest I Sverige AB | 1.625% | 04/24/2023 | 1.6% |
Continuum Energy Levanter Pte Ltd | 4.500% | 02/09/2027 | 1.6% |
Greenko Dutch BV | 3.850% | 03/29/2026 | 1.6% |
Development Bank of Japan Inc | 0.500% | 03/04/2024 | 1.6% |
Nederlandse Waterschapsbank NV | 1.000% | 05/28/2030 | 1.5% |
Holding | Coupon | Maturity | Assets |
---|
Statnett SF | 0.518% | 06/30/2023 | 1.9% |
Korea Water Resources Corp | 3.875% | 05/15/2023 | 1.7% |
Nederlandse Financierings-Maatschappij voor Ontwik | 2.750% | 02/20/2024 | 1.7% |
Aegea Finance Sarl | 5.750% | 10/10/2024 | 1.7% |
Industrial & Commercial Bank of China Ltd/Luxembou | 2.875% | 10/12/2022 | 1.6% |
Kommuninvest I Sverige AB | 1.625% | 04/24/2023 | 1.6% |
Greenko Mauritius Ltd | 6.250% | 02/21/2023 | 1.6% |
Continuum Energy Levanter Pte Ltd | 4.500% | 02/09/2027 | 1.6% |
Development Bank of Japan Inc | 0.500% | 03/04/2024 | 1.6% |
Nederlandse Waterschapsbank NV | 1.000% | 05/28/2030 | 1.5% |
United States Treasury Note/Bond | 0.625% | 08/15/2030 | 1.3% |
Co-Operative Group Ltd | 5.125% | 05/17/2024 | 1.2% |
Transport for London | 2.125% | 04/24/2025 | 1.2% |
Landesbank Baden-Wuerttemberg | 1.500% | 02/03/2025 | 1.1% |
Severn Trent Utilities Finance PLC | 2.000% | 06/02/2040 | 1.1% |
City of San Francisco CA Public Utilities Commissi | 6.000% | 11/01/2040 | 1.1% |
Signify NV | 2.375% | 05/11/2027 | 1.1% |
AB Ignitis Grupe | 2.000% | 07/14/2027 | 1.1% |
Infineon Technologies AG | 3.625% | 10/01/2169 | 1.1% |
Essity AB | 1.625% | 03/30/2027 | 1.0% |
ERG SpA | 1.875% | 04/11/2025 | 1.0% |
European Bank for Reconstruction & Development | 1.625% | 09/27/2024 | 1.0% |
ESB Finance DAC | 1.125% | 06/11/2030 | 1.0% |
Cassa Depositi e Prestiti SpA | 2.125% | 09/27/2023 | 1.0% |
FCC Servicios Medio Ambiente Holding SA | 1.661% | 12/04/2026 | 1.0% |
AIB Group PLC | 2.875% | 05/30/2031 | 1.0% |
Canal de Isabel II Gestion SA | 1.680% | 02/26/2025 | 1.0% |
Unione di Banche Italiane SpA | 1.500% | 04/10/2024 | 1.0% |
Orsted AS | 2.250% | 11/24/3017 | 1.0% |
Vestas Wind Systems A/S | 2.750% | 03/11/2022 | 1.0% |
Techem Verwaltungsgesellschaft 674 mbH | 6.000% | 07/30/2026 | 1.0% |
BNP Paribas SA | 1.125% | 08/28/2024 | 1.0% |
SNCF Reseau | 0.750% | 05/25/2036 | 1.0% |
Societe Nationale SNCF SA | 0.625% | 04/17/2030 | 1.0% |
CANPACK SA / Eastern PA Land Investment Holding LL | 2.375% | 11/01/2027 | 1.0% |
Paprec Holding SA | 4.000% | 03/31/2025 | 1.0% |
Viridian Group FinanceCo PLC / Viridian Power & En | 4.000% | 09/15/2025 | 1.0% |
Nordex SE | 6.500% | 02/01/2023 | 1.0% |
EnBW Energie Baden-Wuerttemberg AG | 1.625% | 08/05/2079 | 1.0% |
Swisscom Finance BV | 0.375% | 11/14/2028 | 1.0% |
Massachusetts Institute of Technology | 3.959% | 07/01/2038 | 1.0% |
Adif Alta Velocidad | 0.550% | 04/30/2030 | 1.0% |
Engie SA | 0.375% | 06/21/2027 | 1.0% |
Chanel Ceres PLC | 0.500% | 07/31/2026 | 1.0% |
Alstom SA | 0.250% | 10/14/2026 | 1.0% |
Action Logement Services | 0.500% | 10/30/2034 | 1.0% |
EDP - Energias de Portugal SA | 1.700% | 07/20/2080 | 1.0% |
Iberdrola International BV | 1.450% | 02/09/2199 | 1.0% |
VZ Vendor Financing II BV | 2.875% | 01/15/2029 | 0.9% |
LeasePlan Corp NV | 0.250% | 02/23/2026 | 0.9% |
Hamburger Hochbahn AG | 0.125% | 02/24/2031 | 0.9% |
Digital Dutch Finco BV | 1.000% | 01/15/2032 | 0.9% |
Sweden Government International Bond | 0.125% | 09/09/2030 | 0.9% |
Asian Infrastructure Investment Bank/The | 0.500% | 05/28/2025 | 0.9% |
Kaiser Foundation Hospitals | 3.150% | 05/01/2027 | 0.9% |
Apple Inc | 3.000% | 06/20/2027 | 0.9% |
Kreditanstalt fuer Wiederaufbau | 0.875% | 09/15/2026 | 0.8% |
Asian Development Bank | 3.125% | 09/26/2028 | 0.8% |
Pentair Finance Sarl | 4.500% | 07/01/2029 | 0.7% |
Autonomous Community of Madrid Spain | 0.419% | 04/30/2030 | 0.7% |
Itron Inc | 5.000% | 01/15/2026 | 0.7% |
Tesla Inc | 5.300% | 08/15/2025 | 0.7% |
International Bank for Reconstruction & Developmen | 2.900% | 11/26/2025 | 0.7% |
Equinix Inc | 1.550% | 03/15/2028 | 0.7% |
NXP BV / NXP Funding LLC / NXP USA Inc | 3.400% | 05/01/2030 | 0.7% |
European Investment Bank | 2.375% | 05/24/2027 | 0.6% |
City of Dallas TX Waterworks & Sewer System Revenu | 2.772% | 10/01/2040 | 0.6% |
Kreditanstalt fuer Wiederaufbau | 2.000% | 10/04/2022 | 0.6% |
Bank of America Corp | 3.499% | 05/17/2022 | 0.6% |
Mueller Water Products Inc | 5.500% | 06/15/2026 | 0.6% |
New York City Water & Sewer System | 5.750% | 06/15/2041 | 0.6% |
Alerion Cleanpower SpA | 3.125% | 12/19/2025 | 0.5% |
Analog Devices Inc | 2.950% | 04/01/2025 | 0.5% |
PayPal Holdings Inc | 1.650% | 06/01/2025 | 0.5% |
Citigroup Inc | 1.678% | 05/15/2024 | 0.5% |
Suzano Austria GmbH | 3.750% | 01/15/2031 | 0.5% |
Middle Fork Project Finance Authority | 5.000% | 04/01/2036 | 0.5% |
Essential Utilities Inc | 3.566% | 05/01/2029 | 0.5% |
Province of Ontario Canada | 1.850% | 02/01/2027 | 0.5% |
City of Charleston SC Waterworks & Sewer System Re | 1.890% | 01/01/2033 | 0.5% |
E.ON SE | 0.350% | 02/28/2030 | 0.5% |
Switch Ltd | 3.750% | 09/15/2028 | 0.5% |
Johnson Controls International plc / Tyco Fire & S | 1.750% | 09/15/2030 | 0.5% |
San Diego County Water Authority | 1.951% | 05/01/2034 | 0.5% |
Metropolitan Transportation Authority | 5.175% | 11/15/2049 | 0.5% |
HAT Holdings I LLC / HAT Holdings II LLC | 3.750% | 09/15/2030 | 0.4% |
Weyerhaeuser Co | 6.875% | 12/15/2033 | 0.4% |
Owens Corning | 3.950% | 08/15/2029 | 0.4% |
Pattern Energy Operations LP / Pattern Energy Oper | 4.500% | 08/15/2028 | 0.4% |
Pfizer Inc | 2.625% | 04/01/2030 | 0.4% |
Advanced Drainage Systems Inc | 5.000% | 09/30/2027 | 0.4% |
American Water Capital Corp | 2.800% | 05/01/2030 | 0.4% |
Darling Ingredients Inc | 5.250% | 04/15/2027 | 0.4% |
European Investment Bank | 2.125% | 04/13/2026 | 0.4% |
UDR Inc | 3.100% | 11/01/2034 | 0.4% |
Clearway Energy Operating LLC | 5.750% | 10/15/2025 | 0.4% |
Kilroy Realty LP | 4.750% | 12/15/2028 | 0.4% |
Topaz Solar Farms LLC | 5.750% | 09/30/2039 | 0.4% |
City of Corpus Christi TX Utility System Revenue | 1.966% | 07/15/2030 | 0.4% |
Prudential Financial Inc | 1.500% | 03/10/2026 | 0.4% |
Verizon Communications Inc | 3.875% | 02/08/2029 | 0.4% |
Morgan Stanley Capital Barclays Bank Trust 2016-MA | 2.200% | 09/13/2031 | 0.4% |
EWT Holdings III Corp. (fka WTG Holdings III Corp. | 3.051% | 12/20/2024 | 0.4% |
City of Atlanta GA Water & Wastewater Revenue | 2.257% | 11/01/2035 | 0.4% |
NextEra Energy Operating Partners LP | 4.500% | 09/15/2027 | 0.4% |
Bank of Nova Scotia/The | 2.375% | 01/18/2023 | 0.3% |
Array Technologies Inc | 5.000% | 10/07/2027 | 0.3% |
Aptiv PLC | 4.350% | 03/15/2029 | 0.3% |
Asian Infrastructure Investment Bank/The | 0.200% | 12/15/2025 | 0.3% |
Asian Development Bank | 2.450% | 01/17/2024 | 0.3% |
Province of Quebec Canada | 1.850% | 02/13/2027 | 0.3% |
Generac Holdings, Inc. | 2.303% | 12/13/2026 | 0.3% |
City of Philadelphia PA Water & Wastewater Revenue | 1.734% | 11/01/2028 | 0.3% |
BorgWarner Inc | 3.375% | 03/15/2025 | 0.3% |
Enviva Partners LP / Enviva Partners Finance Corp | 6.500% | 01/15/2026 | 0.3% |
Sysco Corp | 2.400% | 02/15/2030 | 0.3% |
Piedmont Operating Partnership LP | 3.150% | 08/15/2030 | 0.3% |
Liberty Utilities Finance GP 1 | 2.050% | 09/15/2030 | 0.3% |
United States Treasury Note/Bond | 0.375% | 11/30/2025 | 0.3% |
Seattle Children's Hospital | 2.719% | 10/01/2050 | 0.3% |
AI Aqua Merger Sub Inc | 5.774% | 12/13/2023 | 0.3% |
Refficiency Holdings LLC | 4.750% | 12/10/2027 | 0.3% |
Xylem Inc/NY | 3.250% | 11/01/2026 | 0.3% |
Fiserv Inc | 3.200% | 07/01/2026 | 0.3% |
Exgen Renewables IV, LLC | 3.750% | 12/10/2027 | 0.3% |
Global Payments Inc | 3.750% | 06/01/2023 | 0.3% |
Visa Inc | 0.750% | 08/15/2027 | 0.3% |
Starbucks Corp | 4.450% | 08/15/2049 | 0.2% |
Filtration Group Corp. | 4.511% | 03/29/2025 | 0.2% |
Enphase Energy Inc | 0.000% | 03/01/2028 | 0.2% |
Tucson Electric Power Co | 1.500% | 08/01/2030 | 0.2% |
Aptiv Corp | 4.150% | 03/15/2024 | 0.2% |
Regional Transportation District Sales Tax Revenue | 2.337% | 11/01/2036 | 0.2% |
City & County Honolulu HI Wastewater System Revenu | 1.623% | 07/01/2031 | 0.2% |
Sunrun Inc | 0.000% | 02/01/2026 | 0.2% |
Northern States Power Co/MN | 2.600% | 06/01/2051 | 0.2% |
RealReal Inc/The | 3.000% | 06/15/2025 | 0.2% |
Alexandria Real Estate Equities, Inc. | 3.800% | 04/15/2026 | 0.2% |
Interstate Power and Light Co | 3.500% | 09/30/2049 | 0.2% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.2% |
Alexandria Real Estate Equities, Inc. | 2.000% | 05/18/2032 | 0.2% |
International Bank for Reconstruction & Developmen | 0.250% | 01/29/2029 | 0.2% |
Bundesrepublik Deutschland Bundesanleihe | 0.000% | 08/15/2050 | 0.2% |
Atlantica Sustainable Infrastructure Jersey Ltd | 4.000% | 07/15/2025 | 0.1% |
MidAmerican Energy Co | 3.950% | 08/01/2047 | 0.1% |
Xylem Inc/NY | 1.950% | 01/30/2028 | 0.1% |
Union Electric Co | 2.625% | 03/15/2051 | 0.1% |
SunPower Corp | 4.000% | 01/15/2023 | 0.1% |
Hannon Armstrong Sustainable Infrastructure Capita | 4.125% | 09/01/2022 | 0.1% |
Tesla Inc | 2.000% | 05/15/2024 | 0.1% |
Core & Main Holdings LP | 8.625% | 09/15/2024 | 0.1% |
Core & Main LP | 6.125% | 08/15/2025 | 0.1% |
State of California Department of Water Resources | 1.789% | 12/01/2035 | 0.1% |
Plug Power Inc | 3.750% | 06/01/2025 | 0.1% |
NIO Inc | 0.500% | 02/01/2027 | 0.1% |
Refficiency Holdings LLC | 2.000% | 12/11/2027 | 0.1% |
FX USD/SEK 04/21 | 0.000% | 04/19/2021 | 0.0% |
FX USD/AUD 05/21 | 0.000% | 05/28/2021 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX USD/SEK 04/21 | 0.000% | 04/19/2021 | 0.0% |
FX USD/CAD 04/21 | 0.000% | 04/20/2021 | 0.0% |
FX USD/EUR 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX USD/CAD 04/21 | 0.000% | 04/20/2021 | 0.0% |
FX EUR/USD 03/21 | 0.000% | 03/04/2021 | 0.0% |
US 2YR NOTE (CBT) JUN21 | 0.000% | 07/06/2021 | 0.0% |
US ULTRA BOND CBT JUN21 | 0.000% | 06/30/2021 | 0.0% |
EURO BUXL 30Y BND JUN21 | 0.000% | 06/10/2021 | 0.0% |
EURO-BOBL FUT JUN21 | 0.000% | 06/10/2021 | 0.0% |
EURO-BUND FUTURE JUN21 | 0.000% | 06/10/2021 | 0.0% |
US 10YR ULTRA FUT JUN21 | 0.000% | 06/30/2021 | 0.0% |
US 5YR NOTE (CBT) JUN21 | 0.000% | 07/06/2021 | 0.0% |
FX EUR/USD 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX EUR/USD 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX EUR/USD 03/21 | 0.000% | 03/04/2021 | 0.0% |
FX USD/GBP 03/21 | 0.000% | 03/08/2021 | -0.1% |
FX USD/GBP 03/21 | 0.000% | 03/08/2021 | -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 03/31/2021
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
2.94% | 0.45% |
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place 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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0Documents selected
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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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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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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