Climate Focused Bond Fund
Daily price w/o sales charge as of 01/21/2021
$10.44
$0.00
YTD Returns w/o sales charge as of 01/21/2021
0.02%
Summary
Summary
Yield
Dividend Yield 1 as of 01/21/2021
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 2.23% | 0.00% |
30-Day Standardized Yield 2 as of 12/31/2020
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 0.97% | 0.00% |
Fund Basicsas of 12/31/2020
- Total Net Assets
- $12.44 M
- Inception Date
- 05/29/2020
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 2.77%
- Fund Net Expense Ratio
- 0.38%
- Number of Holdings
- 161
Fund Expense Ratio :
Gross 2.77%
Net 0.38%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/28/2020 |
---|
w/o sales charge | - | - | - | - | - | 6.00% |
Lipper Category Avg. General Bond Funds | - | - | - | - | - | - |
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) | - | - | - | - | - | 2.31% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 2.77%
Net 0.38%
Fund Expense Ratio :
Gross 2.77%
Net 0.38%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/28/2020 |
---|
w/o sales charge | - | - | - | - | - | 6.00% |
Lipper Category Avg. General Bond Funds | - | - | - | - | - | - |
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) | - | - | - | - | - | 2.31% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 2.77%
Net 0.38%
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 2.77%
Net 0.38%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/28/2020 |
---|
w/o sales charge | - | - | - | - | - | 6.00% |
Lipper Category Avg. General Bond Funds | - | - | - | - | - | - |
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) | - | - | - | - | - | 2.31% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 2.77%
Net 0.38%
Fund Expense Ratio :
Gross 2.77%
Net 0.38%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/28/2020 |
---|
w/o sales charge | - | - | - | - | - | 6.00% |
Lipper Category Avg. General Bond Funds | - | - | - | - | - | - |
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) | - | - | - | - | - | 2.31% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 2.77%
Net 0.38%
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 | |
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 12/31/2020
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 12/31/2020
- Total Net Assets
- $12.44 M
- Number of Issues
- 161
- Average Coupon
- 2.67%
- Average Life
- 6.51 Years
- Average Effective Duration
- 5.11 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 |
---|
Statnett SF | 0.518% | 06/30/2023 | 2.0% |
Nederlandse Financierings-Maatschappij voor Ontwik | 2.750% | 02/20/2024 | 1.8% |
AES Panama Generation Holdings SRL | 4.375% | 05/31/2030 | 1.8% |
Korea Water Resources Corp | 3.875% | 05/15/2023 | 1.8% |
Aegea Finance Sarl | 5.750% | 10/10/2024 | 1.7% |
Greenko Mauritius Ltd | 6.250% | 02/21/2023 | 1.7% |
Industrial & Commercial Bank of China Ltd/Luxembou | 2.875% | 10/12/2022 | 1.7% |
Kommuninvest I Sverige AB | 1.625% | 04/24/2023 | 1.7% |
Bank of China Ltd/Paris | 1.093% | 11/22/2022 | 1.6% |
Nederlandse Waterschapsbank NV | 1.000% | 05/28/2030 | 1.6% |
Holding | Coupon | Maturity | Assets |
---|
Statnett SF | 0.518% | 06/30/2023 | 1.9% |
Nederlandse Financierings-Maatschappij voor Ontwik | 2.750% | 02/20/2024 | 1.8% |
Korea Water Resources Corp | 3.875% | 05/15/2023 | 1.8% |
AES Panama Generation Holdings SRL | 4.375% | 05/31/2030 | 1.8% |
Greenko Mauritius Ltd | 6.250% | 02/21/2023 | 1.7% |
Aegea Finance Sarl | 5.750% | 10/10/2024 | 1.7% |
Industrial & Commercial Bank of China Ltd/Luxembou | 2.875% | 10/12/2022 | 1.7% |
Kommuninvest I Sverige AB | 1.625% | 04/24/2023 | 1.7% |
Bank of China Ltd/Paris | 1.093% | 11/22/2022 | 1.6% |
Nederlandse Waterschapsbank NV | 1.000% | 05/28/2030 | 1.6% |
Transport for London | 2.125% | 04/24/2025 | 1.2% |
Severn Trent Utilities Finance PLC | 2.000% | 06/02/2040 | 1.2% |
Co-Operative Group Ltd | 5.125% | 05/17/2024 | 1.2% |
San Francisco Pub Util Comm, CA | 6.000% | 11/01/2040 | 1.2% |
Signify NV | 2.375% | 05/11/2027 | 1.1% |
Iberdrola International BV | 3.250% | 02/12/2169 | 1.1% |
AB Ignitis Grupe | 2.000% | 07/14/2027 | 1.1% |
Essity AB | 1.625% | 03/30/2027 | 1.1% |
European Bank for Reconstruction & Development | 1.625% | 09/27/2024 | 1.1% |
ESB Finance DAC | 1.125% | 06/11/2030 | 1.1% |
ERG SpA | 1.875% | 04/11/2025 | 1.1% |
SNCF Reseau | 0.750% | 05/25/2036 | 1.1% |
Infineon Technologies AG | 3.625% | 10/01/2169 | 1.1% |
Canal de Isabel II Gestion SA | 1.680% | 02/26/2025 | 1.1% |
Techem Verwaltungsgesellschaft 674 mbH | 6.000% | 07/30/2026 | 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% |
Terna S.p.A. | 1.000% | 04/10/2026 | 1.0% |
AIB Group PLC | 2.875% | 05/30/2031 | 1.0% |
Danske Bank A/S | 1.625% | 03/15/2024 | 1.0% |
Unione di Banche Italiane SpA | 1.500% | 04/10/2024 | 1.0% |
Societe Nationale SNCF SA | 0.625% | 04/17/2030 | 1.0% |
LeasePlan Corp NV | 1.375% | 03/07/2024 | 1.0% |
Action Logement Services | 0.500% | 10/30/2034 | 1.0% |
Orsted AS | 2.250% | 11/24/3017 | 1.0% |
Vestas Wind Systems A/S | 2.750% | 03/11/2022 | 1.0% |
Nordex SE | 6.500% | 02/01/2023 | 1.0% |
BNP Paribas S.A. | 1.125% | 08/28/2024 | 1.0% |
Getlink SE | 3.500% | 10/30/2025 | 1.0% |
Massachusetts Institute of Technology | 3.959% | 07/01/2038 | 1.0% |
Adif Alta Velocidad | 0.550% | 04/30/2030 | 1.0% |
Red Hat, Inc. | 1.000% | 01/15/2032 | 1.0% |
Swisscom Finance BV | 0.375% | 11/14/2028 | 1.0% |
CANPACK SA / Eastern PA Land Investment Holding LL | 2.375% | 11/01/2027 | 1.0% |
GDF Suez | 0.375% | 06/21/2027 | 1.0% |
WEPA Hygieneprodukte GmbH | 2.875% | 12/15/2027 | 1.0% |
Viridian Group FinanceCo PLC / Viridian Power & En | 4.000% | 09/15/2025 | 1.0% |
Alstom SA | 0.250% | 10/14/2026 | 1.0% |
EnBW Energie Baden-Wuerttemberg AG | 1.625% | 08/05/2079 | 1.0% |
Chemtura Corp. | 0.500% | 07/31/2026 | 1.0% |
Paprec Holding SA | 4.000% | 03/31/2025 | 1.0% |
Energias de Portugal S.A. | 1.700% | 07/20/2080 | 1.0% |
Sweden Government International Bond | 0.125% | 09/09/2030 | 1.0% |
Apple, Inc. | 3.000% | 06/20/2027 | 0.9% |
International Bank for Reconstruction & Developmen | 3.125% | 11/20/2025 | 0.9% |
Kaiser Foundation Hospitals | 3.150% | 05/01/2027 | 0.9% |
Kreditanstalt fur Wiederaufbau | 0.875% | 09/15/2026 | 0.9% |
Pentair Finance SA | 4.500% | 07/01/2029 | 0.8% |
Asian Infrastructure Investment Bank/The | 0.500% | 05/28/2025 | 0.8% |
Autonomous Community of Madrid Spain | 0.419% | 04/30/2030 | 0.8% |
Asian Development Bank | 3.125% | 09/26/2028 | 0.7% |
Itron, Inc. | 5.000% | 01/15/2026 | 0.7% |
Tesla Motors, Inc. | 5.300% | 08/15/2025 | 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 | 0.7% |
New York City Mun Fin Auth | 5.750% | 06/15/2041 | 0.6% |
Dallas, TX | 2.772% | 10/01/2040 | 0.6% |
Bank of America Corp. | 3.499% | 05/17/2022 | 0.6% |
Mueller Water Products, Inc. | 5.500% | 06/15/2026 | 0.6% |
Analog Devices, Inc. | 2.950% | 04/01/2025 | 0.5% |
Alerion Cleanpower SpA | 3.125% | 12/19/2025 | 0.5% |
PayPal Holdings, Inc. | 1.650% | 06/01/2025 | 0.5% |
Johnson Controls International plc / Tyco Fire & S | 1.750% | 09/15/2030 | 0.5% |
Aqua America, Inc. | 3.566% | 05/01/2029 | 0.5% |
City of Charleston SC Waterworks & Sewer System Re | 1.890% | 01/01/2033 | 0.5% |
Citigroup, Inc. | 1.678% | 05/15/2024 | 0.5% |
Bahia Sul Holdings GmbH | 3.750% | 01/15/2031 | 0.5% |
Middle Fork Project Finance Authority | 5.000% | 04/01/2036 | 0.5% |
E. ON AG | 0.350% | 02/28/2030 | 0.5% |
NextEra Energy Operating Partners LP | 4.500% | 09/15/2027 | 0.5% |
San Diego Cnty Wtr Auth, CA | 1.951% | 05/01/2034 | 0.5% |
Enviva Partners LP / Enviva Partners Finance Corp | 6.500% | 01/15/2026 | 0.5% |
Switch Ltd | 3.750% | 09/15/2028 | 0.5% |
Weyerhaeuser Co. | 6.875% | 12/15/2033 | 0.5% |
Owens Corning | 3.950% | 08/15/2029 | 0.5% |
Pattern Energy Operations LP / Pattern Energy Oper | 4.500% | 08/15/2028 | 0.5% |
Pfizer, Inc. | 2.625% | 04/01/2030 | 0.5% |
UDR, Inc. | 3.100% | 11/01/2034 | 0.5% |
American Water Capital Corp. | 2.800% | 05/01/2030 | 0.5% |
European Investment Bank | 2.125% | 04/13/2026 | 0.4% |
Kilroy Realty L.P. | 4.750% | 12/15/2028 | 0.4% |
Darling International, Inc. | 5.250% | 04/15/2027 | 0.4% |
Verizon Communications, Inc. | 3.875% | 02/08/2029 | 0.4% |
Advanced Drainage Systems, Inc. | 5.000% | 09/30/2027 | 0.4% |
Clearway Energy Operating LLC | 5.750% | 10/15/2025 | 0.4% |
Kreditanstalt fur Wiederaufbau | 2.000% | 10/04/2022 | 0.4% |
Alexandria Real Estate Equities, Inc. | 3.800% | 04/15/2026 | 0.4% |
Prudential Financial, Inc. | 1.500% | 03/10/2026 | 0.4% |
City of Corpus Christi TX Utility System Revenue | 1.966% | 07/15/2030 | 0.4% |
Topaz Solar Farms LLC | 5.750% | 09/30/2039 | 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. | 3.220% | 12/20/2024 | 0.4% |
Interstate Power and Light Co | 3.500% | 09/30/2049 | 0.4% |
Array Technologies Inc | 5.000% | 10/07/2027 | 0.4% |
Bank of Nova Scotia | 2.375% | 01/18/2023 | 0.3% |
Philadelphia, PA | 1.734% | 11/01/2028 | 0.3% |
Generac Holdings, Inc. | 2.373% | 12/13/2026 | 0.3% |
Delphi Automotive 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% |
BorgWarner, Inc. | 3.375% | 03/15/2025 | 0.3% |
Sysco Corp. | 2.400% | 02/15/2030 | 0.3% |
Liberty Utilities Finance GP 1 | 2.050% | 09/15/2030 | 0.3% |
Fiserv, Inc. | 3.200% | 07/01/2026 | 0.3% |
Xylem, Inc. | 3.250% | 11/01/2026 | 0.3% |
AI Aqua Merger Sub Inc | 5.250% | 12/13/2023 | 0.3% |
Delphi Corp. | 4.150% | 03/15/2024 | 0.3% |
HAT Holdings I LLC / HAT Holdings II LLC | 3.750% | 09/15/2030 | 0.3% |
Visa, Inc. | 0.750% | 08/15/2027 | 0.3% |
Starbucks Corp. | 4.450% | 08/15/2049 | 0.3% |
U.S. Treasury Note/Bond | 0.250% | 10/31/2025 | 0.3% |
Global Payments, Inc. | 3.750% | 06/01/2023 | 0.3% |
Tucson Electric Power Co. | 1.500% | 08/01/2030 | 0.2% |
Filtration Group Corp. | 4.641% | 03/29/2025 | 0.2% |
Exgen Renewables IV, LLC | 4.000% | 11/28/2024 | 0.2% |
Northern States Power Co. | 2.600% | 06/01/2051 | 0.2% |
Bundesrepublik Deutschland Bundesanleihe | 0.000% | 08/15/2050 | 0.2% |
Core & Main LP | 6.125% | 08/15/2025 | 0.2% |
Atlantica Sustainable Infrastructure Jersey Ltd | 4.000% | 07/15/2025 | 0.2% |
MidAmerican Energy Co | 3.950% | 08/01/2047 | 0.2% |
SunPower Corp. | 4.000% | 01/15/2023 | 0.2% |
Hannon Armstrong Sustainable Infrastructure Capita | 4.125% | 09/01/2022 | 0.2% |
Xylem, Inc. | 1.950% | 01/30/2028 | 0.1% |
Union Electric Co. | 2.625% | 03/15/2051 | 0.1% |
RealReal Inc/The | 3.000% | 06/15/2025 | 0.1% |
Enphase Energy, Inc. | 0.250% | 03/01/2025 | 0.1% |
DocuSign Inc | 0.500% | 09/15/2023 | 0.1% |
Core & Main Holdings LP | 8.625% | 09/15/2024 | 0.1% |
Tesla Motors, Inc. | 2.000% | 05/15/2024 | 0.1% |
FX EUR/USD 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX EUR/USD 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX EUR/USD 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/GBP 12/20 | 0.000% | 12/08/2020 | 0.0% |
FX EUR/USD 12/20 | 0.000% | 12/04/2020 | 0.0% |
EURO BUXL 30Y BND DEC20 | 0.000% | 12/10/2020 | 0.0% |
EURO-BOBL FUT DEC20 | 0.000% | 12/10/2020 | 0.0% |
EURO-BUND FUTURE DEC20 | 0.000% | 12/10/2020 | 0.0% |
EURO-SCHATZ FUT DEC20 | 0.000% | 12/10/2020 | 0.0% |
US 2YR NOTE (CBT) MAR21 | 0.000% | 04/05/2021 | 0.0% |
US ULTRA BOND CBT MAR21 | 0.000% | 03/31/2021 | 0.0% |
US 10YR ULTRA FUT MAR21 | 0.000% | 03/31/2021 | 0.0% |
US 5YR NOTE (CBT) MAR21 | 0.000% | 04/05/2021 | 0.0% |
FX USD/GBP 12/20 | 0.000% | 12/08/2020 | 0.0% |
FX USD/AUD 02/21 | 0.000% | 02/26/2021 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/SEK 01/21 | 0.000% | 01/15/2021 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/GBP 12/20 | 0.000% | 12/08/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/GBP 12/20 | 0.000% | 12/08/2020 | 0.0% |
FX USD/SEK 01/21 | 0.000% | 01/15/2021 | -0.1% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | -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 12/31/2020
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
2.77% | 0.38% |
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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Fact Sheet
Publish Date:11/03/2015
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