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 05/20/2022

$9.14

$0.00

YTD Returns w/o sales charge as of 05/20/2022

-8.09%

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.

 

Yield

Dividend Yield 1 as of 05/20/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.99% 0.59%

30-Day Standardized Yield 2 as of 04/30/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.60% 1.62%

Fund Basicsas of 03/31/2022

Total Net Assets
$21.78 M
Inception Date
05/29/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.80%
Fund Net Expense Ratio
0.40%
Number of Holdings
233

Fund Expense Ratio :

Gross 1.80%

Net 0.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -7.39% -6.85% - - - -1.25%
Lipper Category Avg. General Bond Funds -8.87% -7.84% - - - -
ICE BofA Green Bond Index Hedged USD -9.92% -9.49% - - - -3.90%

Fund Expense Ratio :

Gross 1.80%

Net 0.40%

Fund Expense Ratio :

Gross 1.80%

Net 0.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -4.73% -3.75% - - - 0.22%
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 1.80%

Net 0.40%

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

14 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

20 Years of Industry Experience

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

Partner & Portfolio Manager

23 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 1.80%

Net 0.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -7.39% -6.85% - - - -1.25%
Lipper Category Avg. General Bond Funds -8.87% -7.84% - - - -
ICE BofA Green Bond Index Hedged USD -9.92% -9.49% - - - -3.90%

Fund Expense Ratio :

Gross 1.80%

Net 0.40%

Fund Expense Ratio :

Gross 1.80%

Net 0.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -4.73% -3.75% - - - 0.22%
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 1.80%

Net 0.40%

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 -0.57% -2.19%
2020 6.00% 6.68%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -4.73% - - - -
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

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 03/31/2022

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 03/31/2022

Total Net Assets
$21.78 M
Number of Issues
233
Average Coupon
2.31%
Average Life
6.38 Years
Average Effective Duration
5.08 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
United States Treasury Note/Bond 1.875% 02/15/2032 2.0%
Bundesrepublik Deutschland Bundesanleihe 0.000% 08/15/2030 1.9%
United States Treasury Note/Bond 2.500% 03/31/2027 1.7%
Transport for London 2.125% 04/24/2025 1.2%
Scottish Hydro Electric Transmission PLC 1.500% 03/24/2028 1.1%
International Finance Corp 0.161% 04/03/2024 1.1%
European Bank for Reconstruction & Development 1.625% 09/27/2024 1.0%
International Bank for Reconstruction & Development 0.389% 11/22/2028 1.0%
Bundesrepublik Deutschland Bundesanleihe 0.000% 08/15/2050 1.0%
Statnett SF 0.518% 06/30/2023 1.0%
% of Total Assets 13.0%
Holding Coupon Maturity Assets
United States Treasury Note/Bond1.875% 02/15/20322.0%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20301.9%
United States Treasury Note/Bond2.500% 03/31/20271.7%
Transport for London2.125% 04/24/20251.2%
Scottish Hydro Electric Transmission PLC1.500% 03/24/20281.1%
International Finance Corp0.161% 04/03/20241.1%
European Bank for Reconstruction & Development1.625% 09/27/20241.0%
International Bank for Reconstruction & Development0.389% 11/22/20281.0%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20501.0%
Statnett SF0.518% 06/30/20231.0%
Adani Green Energy UP Ltd / Prayatna Developers Pvt Ltd / Parampujya Solar Energ6.250% 12/10/20241.0%
Scatec ASA1.971% 08/19/20250.9%
Korea Water Resources Corp3.875% 05/15/20230.9%
Industrial & Commercial Bank of China Ltd/Luxembourg2.875% 10/12/20220.9%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV2.750% 02/20/20240.9%
Kommuninvest I Sverige AB1.625% 04/24/20230.9%
Action Logement Services0.500% 10/30/20340.9%
European Investment Bank2.125% 04/13/20260.9%
Central Japan Railway Co2.200% 10/02/20240.9%
Kommunalbanken AS2.125% 02/11/20250.9%
Development Bank of Japan Inc1.750% 02/18/20250.9%
Japan Finance Organization for Municipalities1.500% 01/27/20250.9%
Japan Bank for International Cooperation1.625% 01/20/20270.9%
Kommuninvest I Sverige AB0.375% 06/19/20240.9%
Standard Chartered PLC1.214% 03/23/20250.9%
Industrial Bank of Korea0.625% 09/17/20240.9%
Bank Hapoalim BM3.255% 01/21/20320.9%
Sweihan PV Power Co PJSC3.625% 01/31/20490.9%
Greenko Dutch BV3.850% 03/29/20260.9%
ABN AMRO Bank NV2.470% 12/13/20290.8%
Star Energy Geothermal Wayang Windu Ltd6.750% 04/24/20330.8%
Enel Finance International NV2.250% 07/12/20310.8%
Nederlandse Waterschapsbank NV1.000% 05/28/20300.8%
Sociedad Quimica y Minera de Chile SA3.500% 09/10/20510.8%
Autonomous Community of Madrid Spain0.419% 04/30/20300.7%
Asian Development Bank3.125% 09/26/20280.6%
Asian Infrastructure Investment Bank/The0.500% 05/28/20250.6%
GoodLeap Sustainable Home Solutions Trust 2022-12.700% 01/20/20490.6%
Co-Operative Group Ltd5.125% 05/17/20240.6%
Kreditanstalt fuer Wiederaufbau0.750% 09/30/20300.6%
Bazalgette Finance Plc2.750% 03/10/20340.6%
Canary Wharf Group Investment Holdings PLC2.625% 04/23/20250.6%
Landesbank Baden-Wuerttemberg1.500% 02/03/20250.6%
French Republic Government Bond OAT0.500% 06/25/20440.6%
Barclays PLC1.700% 11/03/20260.6%
United States Treasury Note/Bond1.500% 01/31/20270.6%
Tesla Auto Lease Trust 2019-A2.680% 01/20/20230.6%
Citigroup Inc1.678% 05/15/20240.6%
City of San Francisco CA Public Utilities Commission Water Revenue6.000% 11/01/20400.6%
Vmed O2 UK Financing I PLC4.500% 07/15/20310.6%
Province of Quebec Canada1.850% 02/13/20270.6%
Signify NV2.375% 05/11/20270.5%
Cyrusone Europe Finance DAC1.125% 05/26/20280.5%
ERG SpA1.875% 04/11/20250.5%
Kreditanstalt fuer Wiederaufbau2.000% 10/04/20220.5%
AIB Group PLC2.875% 05/30/20310.5%
Canal de Isabel II Gestion SA1.680% 02/26/20250.5%
Province of Ontario Canada1.850% 02/01/20270.5%
Walmart Inc1.800% 09/22/20310.5%
PartnerRe Ireland Finance DAC1.250% 09/15/20260.5%
Pentair Finance Sarl3.150% 09/15/20220.5%
OI European Group BV2.875% 02/15/20250.5%
FCC Servicios Medio Ambiente Holding SAU1.661% 12/04/20260.5%
JP Morgan Chase Commercial Mortgage Securities Trust 2021-14402.147% 03/15/20360.5%
Novelis Sheet Ingot GmbH3.375% 04/15/20290.5%
Owens Corning3.950% 08/15/20290.5%
Cullinan Holdco Scsp4.625% 10/15/20260.5%
Rexel SA2.125% 06/15/20280.5%
Energia Group NI FinanceCo PLC/Energia Group ROI Holdings DAC4.000% 09/15/20250.5%
Chanel Ceres PLC0.500% 07/31/20260.5%
Paprec Holding SA3.500% 07/01/20280.5%
Wabtec Transportation Netherlands BV1.250% 12/03/20270.5%
CaixaBank SA1.250% 06/18/20310.5%
JPMorgan Chase & Co0.768% 08/09/20250.5%
LeasePlan Corp NV0.250% 02/23/20260.5%
Adif Alta Velocidad0.550% 04/30/20300.5%
Alstom SA0.250% 10/14/20260.5%
Seche Environnement SA2.250% 11/15/20280.5%
Engie SA0.375% 06/21/20270.5%
EEW Energy from Waste GmbH0.361% 06/30/20260.5%
Intesa Sanpaolo SpA0.750% 03/16/20280.5%
Bank of Ireland Group PLC0.375% 05/10/20270.5%
Danske Bank A/S0.750% 06/09/20290.5%
NextEra Energy Capital Holdings Inc1.900% 06/15/20280.5%
Ferrovie dello Stato Italiane SpA0.375% 03/25/20280.5%
Signa Development Finance SCS5.500% 07/23/20260.5%
E.ON SE0.350% 02/28/20300.5%
Ren Finance BV0.500% 04/16/20290.5%
VNDO 2012-6AVE Mortgage Trust3.337% 11/15/20300.5%
Blackstone Property Partners Europe Holdings Sarl1.625% 04/20/20300.5%
CBRE Global Investors Open-Ended Fund SCA SICAV-SIF Pan European Core Fund0.900% 10/12/20290.5%
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC3.000% 09/01/20290.5%
Hamburger Hochbahn AG0.125% 02/24/20310.5%
Eli Lilly & Co0.500% 09/14/20330.5%
Aqua Finance Trust 2021-A3.140% 07/17/20460.5%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.5%
International Finance Corp2.000% 10/24/20220.4%
Sweden Government International Bond0.125% 09/09/20300.4%
Sweden Government International Bond0.125% 09/09/20300.4%
American Water Capital Corp2.800% 05/01/20300.4%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.4%
Tesla Auto Lease Trust 2021-A1.020% 03/20/20250.4%
Societe Du Grand Paris EPIC0.300% 09/02/20360.4%
TenneT Holding BV0.125% 11/30/20320.4%
Digital Dutch Finco BV1.000% 01/15/20320.4%
Equinix Inc1.000% 03/15/20330.4%
One Bryant Park Trust 2019-OBP2.516% 09/15/20540.4%
Solar Star Funding LLC5.375% 06/30/20350.4%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.4%
Fiserv Inc3.200% 07/01/20260.4%
Advanced Drainage Systems Inc5.000% 09/30/20270.4%
Audax Renovables SA4.200% 12/18/20270.4%
Apple Inc3.000% 06/20/20270.4%
Johnson Controls International plc / Tyco Fire & Security Finance SCA1.750% 09/15/20300.4%
Alerion Cleanpower SpA3.125% 12/19/20250.4%
Xylem Inc/NY2.250% 01/30/20310.4%
Switch Ltd3.750% 09/15/20280.4%
Bank of Nova Scotia/The2.375% 01/18/20230.4%
Massachusetts Institute of Technology3.959% 07/01/20380.4%
Asian Development Bank2.450% 01/17/20240.4%
TerraForm Power Operating LLC4.750% 01/15/20300.4%
Pattern Energy Operations LP / Pattern Energy Operations Inc4.500% 08/15/20280.4%
Topaz Solar Farms LLC5.750% 09/30/20390.3%
European Investment Bank2.375% 05/24/20270.3%
UDR Inc3.100% 11/01/20340.3%
Pfizer Inc2.625% 04/01/20300.3%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.3%
Global Payments Inc3.200% 08/15/20290.3%
Bank of Nova Scotia/The0.650% 07/31/20240.3%
Piedmont Operating Partnership LP3.150% 08/15/20300.3%
Sunnova Energy Corp5.875% 09/01/20260.3%
Darling Ingredients Inc5.250% 04/15/20270.3%
City of Dallas TX Waterworks & Sewer System Revenue2.772% 10/01/20400.3%
MidAmerican Energy Co3.950% 08/01/20470.3%
Kaiser Foundation Hospitals3.150% 05/01/20270.3%
New York City Municipal Water Finance Authority5.750% 06/15/20410.3%
Clearway Energy Operating LLC3.750% 02/15/20310.3%
Liberty Utilities Finance GP 12.050% 09/15/20300.3%
City of Los Angeles CA Wastewater System Revenue5.713% 06/01/20390.3%
BorgWarner Inc3.375% 03/15/20250.3%
Hubbell Inc3.500% 02/15/20280.3%
Province of Ontario Canada1.550% 11/01/20290.3%
Renewable Energy Group Inc5.875% 06/01/20280.3%
HAT Holdings I LLC / HAT Holdings II LLC3.750% 09/15/20300.3%
Analog Devices Inc2.950% 04/01/20250.3%
United Kingdom Gilt0.875% 07/31/20330.3%
Spain Government Bond1.000% 07/30/20420.3%
Pentair Finance Sarl4.500% 07/01/20290.3%
Dana Inc4.250% 09/01/20300.3%
AI Aqua Merger Sub Inc4.250% 07/31/20280.3%
Dispatch Terra Acquisition LLC5.216% 03/25/20280.3%
United Utilities PLC6.875% 08/15/20280.3%
NXP BV / NXP Funding LLC / NXP USA Inc3.400% 05/01/20300.3%
Verizon Communications Inc3.875% 02/08/20290.3%
Alexandria Real Estate Equities Inc3.800% 04/15/20260.3%
Array Technologies Inc3.750% 10/14/20270.3%
Essential Utilities Inc2.400% 05/01/20310.3%
Amgen Inc3.000% 02/22/20290.3%
NextEra Energy Operating Partners LP4.500% 09/15/20270.3%
Mueller Water Products Inc4.000% 06/15/20290.2%
San Diego County Water Authority1.951% 05/01/20340.2%
Madison IAQ LLC5.875% 06/30/20290.2%
Metropolitan Transportation Authority5.175% 11/15/20490.2%
Tucson Electric Power Co1.500% 08/01/20300.2%
Weyerhaeuser Co6.875% 12/15/20330.2%
Southwestern Public Service Co3.750% 06/15/20490.2%
NYO Commercial Mortgage Trust 2021-12901.492% 11/15/20380.2%
EWT HOLDINGS III CORP.3.000% 04/01/20280.2%
Kilroy Realty LP4.750% 12/15/20280.2%
PepsiCo Inc2.875% 10/15/20490.2%
IEA Energy Services LLC6.625% 08/15/20290.2%
City of Corpus Christi TX Utility System Revenue1.966% 07/15/20300.2%
Eco Material Technologies Inc7.875% 01/31/20270.2%
Equinix Inc1.550% 03/15/20280.2%
Suzano Austria GmbH3.125% 01/15/20320.2%
Northern States Power Co/MN2.600% 06/01/20510.2%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.2%
Esdec Solar Group BV6.500% 08/30/20280.2%
Dallas Area Rapid Transit2.534% 12/01/20360.2%
nVent Finance Sarl2.750% 11/15/20310.2%
US 5YR NOTE (CBT) Jun220.000% 07/06/20220.2%
Enphase Energy Inc0.000% 03/01/20260.2%
Generac Power Systems Inc1.981% 12/13/20260.2%
Asian Infrastructure Investment Bank/The0.200% 12/15/20250.2%
City of Philadelphia PA Water & Wastewater Revenue1.734% 11/01/20280.2%
Aptiv PLC4.350% 03/15/20290.2%
Tesla Inc2.000% 05/15/20240.2%
THERMOSTAT PURCHASER III INC.5.250% 08/31/20280.2%
Refficiency Holdings LLC4.500% 12/16/20270.2%
Sysco Corp2.400% 02/15/20300.1%
Ford Motor Co3.250% 02/12/20320.1%
SolarEdge Technologies Inc0.000% 09/15/20250.1%
Micron Technology Inc2.703% 04/15/20320.1%
Exgen Renewables IV LLC3.500% 12/15/20270.1%
US 10yr Ultra Fut Jun220.000% 06/30/20220.1%
Global Payments Inc3.750% 06/01/20230.1%
BINGO INDUSTRIES LTD4.000% 07/08/20280.1%
Filtration Group Corp3.457% 03/29/20250.1%
Sunrun Inc0.000% 02/01/20260.1%
City of Aurora CO Water Revenue2.348% 08/01/20360.1%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.1%
FX USD/GBP 06/220.000% 06/07/20220.1%
RealReal Inc/The1.000% 03/01/20280.1%
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%
Plug Power Inc3.750% 06/01/20250.1%
Zurn LLC2.750% 10/04/20280.1%
Algonquin Power & Utilities Corp0.000% 06/15/20240.1%
FX USD/SEK 04/220.000% 04/21/20220.1%
NextEra Energy Partners LP0.000% 06/15/20240.1%
Lucid Group Inc1.250% 12/15/20260.0%
NIO Inc0.500% 02/01/20270.0%
Refficiency Holdings LLC0.038% 12/16/20270.0%
THERMOSTAT PURCHASER III INC0.045% 08/31/20280.0%
US 2YR NOTE (CBT) Jun220.000% 07/06/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX CAD/USD 04/220.000% 04/20/20220.0%
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%
FX USD/CAD 04/220.000% 04/20/20220.0%
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 USD/EUR 06/220.000% 06/10/20220.0%
FX SEK/USD 04/220.000% 04/21/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX USD/GBP 06/220.000% 06/07/20220.0%
FX GBP/USD 06/220.000% 06/07/20220.0%
FX USD/AUD 05/220.000% 05/25/20220.0%
US ULTRA BOND CBT Jun220.000% 06/30/2022-0.1%
FX USD/EUR 06/220.000% 06/10/2022-0.3%

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 04/30/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
1.80% 0.40%

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
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Statutory Prospectus
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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*Barron’s Overall Fund Family of 2020,” #7 overall ranking among 53 qualifying fund families based on the net total return of the one-year period ending 12/31/2020. Five-year overall ranking is #4 out of 50 qualifying fund families; and 10-year overall ranking is #21 out of 44 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2020,” February 20, 2021. 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, 2020, 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 2021. 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.

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.

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