CFBAX | Climate Focused Bond Fund Class A | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

 

Climate Focused Bond Fund

Track this Fund
Add to Hypo Tool

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 05/26/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.04% 2.06%

30-Day Standardized Yield 2 as of 04/30/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.95% 2.82%

Average Yield to Worst as of 04/28/2023

4.76%

Fund Basicsas of 04/28/2023

Total Net Assets
$18.88 M
Inception Date
05/29/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.42%
Fund Net Expense Ratio
0.44%
Number of Holdings
224

Fund Expense Ratio :

Gross 1.42%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 2.96% -1.92% - - - -1.48%
Lipper Category Avg. General Bond Funds 3.59% -0.97% - - - -
ICE BofA Green Bond Index Hedged USD 3.31% -4.44% - - - -4.09%

Fund Expense Ratio :

Gross 1.42%

Net 0.44%

Fund Expense Ratio :

Gross 1.42%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 2.46% -5.12% - - - -1.69%
Lipper Category Avg. General Bond Funds 2.97% -4.92% - - - -
ICE BofA Green Bond Index Hedged USD 2.70% -8.43% - - - -4.40%

Fund Expense Ratio :

Gross 1.42%

Net 0.44%

INVESTMENT TEAM

Annika M. Lombardi
Annika M. Lombardi

Managing Director, Portfolio Manager

16 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 Years of Industry Experience

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

Partner & Portfolio Manager

25 Years of Industry Experience

Supported By 79 Investment Professionals with 17 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 1.42%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 2.96% -1.92% - - - -1.48%
Lipper Category Avg. General Bond Funds 3.59% -0.97% - - - -
ICE BofA Green Bond Index Hedged USD 3.31% -4.44% - - - -4.09%
w/ sales charge 2.96% -1.92% - - - -1.48%

Fund Expense Ratio :

Gross 1.42%

Net 0.44%

Fund Expense Ratio :

Gross 1.42%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 2.46% -5.12% - - - -1.69%
Lipper Category Avg. General Bond Funds 2.97% -4.92% - - - -
ICE BofA Green Bond Index Hedged USD 2.70% -8.43% - - - -4.40%

Fund Expense Ratio :

Gross 1.42%

Net 0.44%

Year Fund Returns ICE BofA Green Bond Index Hedged USD
2022 -11.79% -16.68%
2021 -0.57% -2.19%
2020 6.00% 6.68%
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.46% - - - -
2022 -4.73% -5.83% -2.94% 1.30% -11.79%
2021 -1.59% 1.16% 0.17% -0.29% -0.57%
2020 - - 2.35% 2.11% 6.00%

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
Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

Credit Quality Distribution as of 04/28/2023

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Portfolio Positioning as of 3/31/2023

  • The Fund has maintained its high-quality positioning with over 55% assets in bonds rated single-A and above and less than 17% in high yield. However, we added some credit risk over the quarter, mainly within Euro-denominated BBB-rated bonds, while selling USD-denominated AAA-rated bonds.
  • In terms of asset class, we continued reducing exposure to Sovereigns and Supranationals, while adding to investment grade and, to a lesser extent, high yield corporates, primarily within Europe.
  • Although we continue to favor U.S assets relative to European and Emerging Markets, we have further added to Europe this quarter amid attractive valuations and an improving outlook for the region. Over the past few quarters, the European labor market has remained strong, consumers and corporates have performed better than expected and a broader economic contraction has yet to emerge. Additionally, the much-anticipated energy crisis did not materialize in the region this last winter.
  • The Fund remains overweight in Capital Goods and Utilities, while trimming some of latter sector over the period. While underweight the Banking sector relative to the benchmark, we added modestly to European Financials over the quarter amid attractive relative valuations.
  • We increased the Fund’s duration in the latter half of the quarter and have maintained the longer positioning given market uncertainty. However, we remain shorter duration than the benchmark.

PORTFOLIO DETAILS as of 04/28/2023

Total Net Assets
$18.88 M
Number of Issues
224
Average Coupon
2.38%
Average Life
8.2 Years
Average Effective Duration
6.24 Years
Average Yield to Worst
4.76%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
1.42% 0.44%

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
n/a
Portfolio Holdings 1Q
Publish Date:11/03/2015
n/a
Portfolio Holdings 3Q
Publish Date:11/03/2015
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
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

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
Quantity
Quantity
Remove
Remove

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field