CFBAX | Climate Focused Bond Fund Class A | Lord Abbett

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Climate Focused Bond Fund

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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%

RELATED CONTENT

Green Shoots: ESG in Emerging Markets
December 2, 2021

In this episode of Green Shoots, Annika Lombardi discusses the emerging markets landscape with Portfolio Manager Mila Skulkina through an ESG lens.

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

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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%

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
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 03/31/2022

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

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

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2022

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

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
Publish Date:11/03/2015
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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.

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