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Climate Focused Bond Fund

Daily price w/o sales charge as of 07/08/2020

$10.17

arrowUp$0.01

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.

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
0.60%
Fund Net Expense Ratio
0.38%
Number of Holdings
122

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

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 0.60%

Net 0.38%

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

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 0.60%

Net 0.38%

INVESTMENT TEAM

Annika M. Lombardi
Annika M. Lombardi

Portfolio Manager

13 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director 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 59 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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Performance

Performance

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

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 0.60%

Net 0.38%

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

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 0.60%

Net 0.38%

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 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%
% of Total Assets 21.4%
Holding Coupon Maturity Assets
U.S. Treasury Note/Bond0.125% 05/31/20223.0%
Nederlandse Financierings-Maatschappij voor Ontwik2.750% 02/20/20242.2%
Korea Water Resources Corp3.875% 05/15/20232.2%
Development Bank of Japan Inc1.875% 10/02/20242.1%
Industrial & Commercial Bank of China Ltd/Luxembou2.875% 10/12/20222.1%
Kommuninvest I Sverige AB1.625% 04/24/20232.1%
Greenko Mauritius Ltd6.250% 02/21/20232.0%
Nederlandse Waterschapsbank NV1.000% 05/28/20302.0%
Aegea Finance Sarl5.750% 10/10/20242.0%
U.S. Treasury Note/Bond1.125% 05/15/20401.7%
San Francisco Pub Util Comm, CA6.000% 11/01/20401.4%
European Bank for Reconstruction & Development1.625% 09/27/20241.3%
Transport for London2.125% 04/24/20251.3%
ING Groep NV2.500% 11/15/20301.3%
Co-Operative Group Ltd5.125% 05/17/20241.3%
Massachusetts Institute of Technology3.959% 07/01/20381.3%
TenneT Holding BV1.375% 06/05/20281.2%
Iberdrola International BV3.250% 02/12/21691.2%
Adif Alta Velocidad1.250% 05/04/20261.2%
Cassa Depositi e Prestiti SpA2.125% 09/27/20231.2%
Essity AB1.625% 03/30/20271.2%
Canal de Isabel II Gestion SA1.680% 02/26/20251.2%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20261.2%
ESB Finance DAC1.125% 06/11/20301.2%
Orsted A/S2.250% 11/24/30171.2%
SNCF Reseau0.750% 05/25/20361.1%
International Bank for Reconstruction & Developmen3.125% 11/20/20251.1%
Vestas Wind Systems A/S2.750% 03/11/20221.1%
BNP Paribas S.A.1.125% 08/28/20241.1%
ERG SpA1.875% 04/11/20251.1%
Apple, Inc.3.000% 06/20/20271.1%
Danske Bank A/S1.625% 03/15/20241.1%
Societe Nationale SNCF SA0.625% 04/17/20301.1%
WEPA Hygieneprodukte GmbH2.875% 12/15/20271.1%
Terna S.p.A.1.000% 04/10/20261.1%
Getlink SE3.625% 10/01/20231.1%
Japan Finance Organization for Municipalities0.050% 02/12/20271.1%
Royal Bank of Canada0.250% 05/02/20241.1%
Kaiser Foundation Hospitals3.150% 05/01/20271.1%
Unione di Banche Italiane SpA1.500% 04/10/20241.1%
EnBW Energie Baden-Wuerttemberg AG1.625% 08/05/20791.1%
Viridian Group FinanceCo PLC / Viridian Power & En4.000% 09/15/20251.1%
LeasePlan Corp NV1.375% 03/07/20241.1%
U.S. Treasury Note/Bond1.250% 05/15/20501.1%
Telefonica Europe B.V.2.502% 02/05/21701.1%
TeliaSonera AB1.375% 05/11/20811.1%
Energias de Portugal S.A.1.700% 07/20/20801.0%
Bank of America Corp.3.499% 05/17/20221.0%
Paprec Holding SA4.000% 03/31/20251.0%
Kreditanstalt fur Wiederaufbau0.875% 09/15/20261.0%
Pentair Finance SA4.500% 07/01/20290.8%
NextEra Energy Operating Partners LP4.500% 09/15/20270.8%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.8%
New York City Mun Fin Auth5.750% 06/15/20410.8%
Darling International, Inc.5.250% 04/15/20270.8%
Bank of Nova Scotia2.375% 01/18/20230.8%
NXP BV / NXP Funding LLC / NXP USA Inc3.400% 05/01/20300.8%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.8%
Pattern Energy Group, Inc.5.875% 02/01/20240.8%
Itron, Inc.5.000% 01/15/20260.8%
Tesla Motors, Inc.5.300% 08/15/20250.8%
Covanta Holding Corp.5.875% 07/01/20250.8%
Asian Infrastructure Investment Bank/The0.500% 05/28/20250.8%
Mueller Water Products, Inc.5.500% 06/15/20260.7%
NSTAR Electric Co.3.250% 05/15/20290.7%
Starbucks Corp.4.450% 08/15/20490.7%
PayPal Holdings, Inc.3.250% 06/01/20500.6%
Citigroup, Inc.1.678% 05/15/20240.6%
Kilroy Realty L.P.4.750% 12/15/20280.6%
Asian Development Bank3.125% 09/26/20280.6%
Analog Devices, Inc.2.950% 04/01/20250.6%
Verizon Communications, Inc.3.875% 02/08/20290.6%
Alerion Cleanpower SpA3.125% 12/19/20250.6%
European Investment Bank2.375% 05/24/20270.6%
Fiserv, Inc.3.200% 07/01/20260.6%
Pfizer, Inc.2.625% 04/01/20300.6%
European Investment Bank2.125% 04/13/20260.6%
Aqua America, Inc.3.566% 05/01/20290.5%
Clearway Energy Operating LLC5.750% 10/15/20250.5%
E. ON AG0.350% 02/28/20300.5%
Owens Corning3.950% 08/15/20290.5%
PepsiCo, Inc.2.875% 10/15/20490.5%
Kreditanstalt fur Wiederaufbau2.000% 10/04/20220.5%
UDR, Inc.3.100% 11/01/20340.5%
Weyerhaeuser Co.6.875% 12/15/20330.5%
Advanced Drainage Systems, Inc.5.000% 09/30/20270.5%
Morgan Stanley Capital Barclays Bank Trust 2016-MA2.200% 09/13/20310.5%
Alexandria Real Estate Equities, Inc.3.800% 04/15/20260.5%
Generac Holdings, Inc.3.024% 12/13/20260.5%
Sysco Corp.2.400% 02/15/20300.5%
Interstate Power and Light Co4.100% 09/26/20280.5%
EWT Holdings III Corp. (fka WTG Holdings III Corp.3.849% 12/20/20240.3%
Global Payments, Inc.3.750% 06/01/20230.3%
Xylem, Inc.3.250% 11/01/20260.3%
American Water Capital Corp.2.800% 05/01/20300.3%
Delphi Corp.4.150% 03/15/20240.3%
Core & Main LP6.125% 08/15/20250.3%
Exgen Renewables IV, LLC4.000% 11/28/20240.3%
Energy East Corp.3.200% 04/15/20250.3%
Prudential Financial, Inc.1.500% 03/10/20260.3%
Tesla Motors, Inc.2.000% 05/15/20240.2%
BorgWarner, Inc.3.375% 03/15/20250.2%
Enphase Energy, Inc.0.250% 03/01/20250.2%
SunPower Corp.4.000% 01/15/20230.2%
MidAmerican Energy Co3.950% 08/01/20470.2%
DocuSign Inc0.500% 09/15/20230.2%
Hannon Armstrong Sustainable Infrastructure Capita4.125% 09/01/20220.1%
Core & Main Holdings LP8.625% 09/15/20240.1%
EURO BUXL 30Y BND Sep200.000% 09/10/20200.0%
EURO-BOBL FUT Sep200.000% 09/10/20200.0%
EURO-BUND FUTURE Sep200.000% 09/10/20200.0%
EURO-SCHATZ FUT SEP200.000% 09/10/20200.0%
US 10YR ULTRA FUT SEP200.000% 09/30/20200.0%
US 5YR NOTE (CBT) SEP200.000% 10/05/20200.0%
FX USD/GBP 06/200.000% 06/05/20200.0%
FX USD/GBP 06/200.000% 06/05/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/GBP 06/200.000% 06/05/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 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
0.60% 0.38%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015

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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.

Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

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