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 09/28/2023

$8.07

arrowDown$0.05

YTD Returns w/o sales charge as of 09/28/2023

1.58%

Overall Morningstar Ratings

Global Bond-USD Hedged
as of 08/31/2023

Morningstar rated the Lord Abbett Climate Focused Bond Fund class I share 4 stars among 123 Global Bond-USD Hedged Funds for the overall rating and the 3 year periods ended 8/31/2023, respectively.

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

Average Yield to Maturity as of 08/31/2023

5.12%

30-Day Standardized Yield 1 as of 08/31/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.20% 2.99%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Fund Basicsas of 08/31/2023

Total Net Assets
$19.45 M
Inception Date
05/29/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.43%
Fund Net Expense Ratio
0.45%
Number of Holdings
231
Minimum Initial Investment

+Minimum Exceptions, View Full Disclosure

There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

Fund Expense Ratio :

Gross 1.43%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 3.82% 1.59% -2.38% - - -1.13%
Lipper Category Avg. General Bond Funds 2.87% 0.76% -2.67% - - -
ICE BofA Green Bond Index Hedged USD 3.79% 0.33% -4.66% - - -3.53%

Fund Expense Ratio :

Gross 1.43%

Net 0.45%

Fund Expense Ratio :

Gross 1.43%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 3.13% 1.27% -1.91% - - -1.40%
Lipper Category Avg. General Bond Funds 2.72% 0.90% -1.99% - - -
ICE BofA Green Bond Index Hedged USD 3.16% -0.47% -4.54% - - -3.91%

Fund Expense Ratio :

Gross 1.43%

Net 0.45%

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.

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

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Performance

Performance

Fund Expense Ratio :

Gross 1.43%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 3.82% 1.59% -2.38% - - -1.13%
Lipper Category Avg. General Bond Funds 2.87% 0.76% -2.67% - - -
ICE BofA Green Bond Index Hedged USD 3.79% 0.33% -4.66% - - -3.53%
w/ sales charge 3.82% 1.59% -2.38% - - -1.13%

Fund Expense Ratio :

Gross 1.43%

Net 0.45%

Fund Expense Ratio :

Gross 1.43%

Net 0.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 3.13% 1.27% -1.91% - - -1.40%
Lipper Category Avg. General Bond Funds 2.72% 0.90% -1.99% - - -
ICE BofA Green Bond Index Hedged USD 3.16% -0.47% -4.54% - - -3.91%

Fund Expense Ratio :

Gross 1.43%

Net 0.45%

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
2022 -11.92% -16.68%
2021 -0.54% -2.19%
2020 5.95% 6.68%
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.46% 0.66% - - 1.58%
2022 -4.84% -5.74% -3.06% 1.29% -11.92%
2021 -1.60% 1.14% 0.15% -0.21% -0.54%
2020 - - 2.33% 2.10% 5.95%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of 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
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 08/31/2023

Rating Assets
U.S. Treasury
Agency
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 6/30/2023

  • While the Fund has maintained its high-quality positioning with approximately 50% of assets in bonds rated single-A and above, we have continued to add to high yield bonds. In particular, we have been purchasing BB-rated, shorter duration high yield securities at attractive yields to enhance carry in the portfolio.
  • In terms of asset class, we continued reducing exposure to Sovereigns and Supranationals based on relative value, while adding to emerging market and U.S. high yield corporates. Most of our selling and buying within these segments was in USD denominated securities.
  • Although we continue to favor U.S assets relative to European and Emerging Markets, we have selectively added to higher quality European corporate and government bonds over the quarter given attractive valuations. However, we are somewhat cautious on parts of the region given weaker-than-expected economic readings in certain areas of the continent.
  • The Fund remains overweight in Capital Goods and Utilities, adding to both sectors over the period. Our positive view on the Utility sector and the overall thematic thesis of the Strategy was reinforced by recently announced renewable energy legislation. U.S. energy regulators have authorized new processes to speed up the connection of clean power projects to the energy grid, as opposed to the first-come, first-served procedure previously utilized. While we are still cautious on potential legal hurdles that could affect how quickly new projects are implemented, we expect this decision to be positive overall for the renewable energy market. 
  • Towards the end of the first quarter, duration was increased due to economic uncertainty and expected slowdowns in central bank rate hikes. While the Fund remains shorter duration than its benchmark, we have maintained a duration positioning at the higher end of the Fund’s historical range throughout the second quarter as it appears the Federal Reserve is in the final stages of its hiking cycle. On a more granular level, we increased the Fund’s Euro-denominated duration exposure, while decreasing USD-denominated duration, bringing both exposures closer to the that of the benchmark.
  • The Inflation Reduction Act (IRA) has already resulted in noticeable effects, as over 250 clean energy projects have been initiated and the United States has strengthened its EV manufacturing capabilities. One of the primary initiatives of the IRA is to significantly decrease emissions by the end of the decade and the current expectations point to the largest impacts occurring over the next two years. We are excited by these prospects and the potential for accelerated capital flows into the themes the Fund invests in. 

PORTFOLIO DETAILS as of 08/31/2023

Total Net Assets
$19.45 M
Average Effective Duration
5.8 Years
Average Life
8.02 Years
Number of Issues
231
Average Yield to Maturity
5.12%

To view definitions for the above Portfolio Details, Click here.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Average Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security.  Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.

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
Central Japan Railway Co 2.200% 10/02/2024 2.1%
European Union 1.250% 02/04/2043 1.6%
Transport for London 2.125% 04/24/2025 1.3%
Bundesrepublik Deutschland Bundesanleihe 0.000% 08/15/2030 1.2%
International Finance Corp 5.288% 04/03/2024 1.2%
Bundesrepublik Deutschland Bundesanleihe 0.000% 08/15/2050 1.2%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV 3.000% 10/25/2027 1.2%
United States Treasury Note/Bond 3.625% 05/15/2053 1.2%
BNP Paribas SA 1.125% 08/28/2024 1.1%
EDP Finance BV 6.300% 10/11/2027 1.1%
% of Total Assets 13.2%
Holding Coupon Maturity Assets
Central Japan Railway Co2.200% 10/02/20242.1%
European Union1.250% 02/04/20431.6%
Transport for London2.125% 04/24/20251.3%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20301.3%
International Finance Corp5.159% 04/03/20241.3%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20501.2%
United States Treasury Note/Bond3.625% 05/15/20531.2%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV3.000% 10/25/20271.2%
BNP Paribas SA1.125% 08/28/20241.2%
EDP Finance BV6.300% 10/11/20271.1%
JPMorgan Chase & Co0.768% 08/09/20251.1%
Bank of America Corp2.456% 10/22/20251.1%
Abu Dhabi National Energy Co PJSC4.696% 04/24/20331.1%
Hong Kong Government International Bond4.500% 01/11/20281.1%
Inter-American Development Bank5.342% 04/12/20271.1%
Development Bank of Japan Inc4.375% 09/22/20251.1%
NTT Finance Corp4.372% 07/27/20271.1%
Greenko Solar Mauritius Ltd5.550% 01/29/20251.1%
Standard Chartered PLC1.214% 03/23/20251.0%
Kommuninvest I Sverige AB0.375% 06/19/20241.0%
Industrial Bank of Korea0.625% 09/17/20241.0%
Japan Finance Organization for Municipalities0.010% 02/02/20281.0%
Canpack SA / Canpack US LLC3.125% 11/01/20251.0%
Atlantica Sustainable Infrastructure PLC4.125% 06/15/20281.0%
Japan Bank for International Cooperation1.625% 01/20/20271.0%
Adif Alta Velocidad0.550% 04/30/20301.0%
BNP Paribas SA1.675% 06/30/20271.0%
Societe Du Grand Paris EPIC1.125% 05/25/20340.9%
VZ Secured Financing BV5.000% 01/15/20320.9%
Star Energy Geothermal Wayang Windu Ltd6.750% 04/24/20330.9%
Nederlandse Waterschapsbank NV1.000% 05/28/20300.9%
Action Logement Services0.500% 10/30/20340.9%
Enel Finance International NV2.250% 07/12/20310.9%
Sweihan PV Power Co PJSC3.625% 01/31/20490.8%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20520.8%
Landesbank Baden-Wuerttemberg1.500% 02/03/20250.7%
Bank of Nova Scotia/The0.650% 07/31/20240.6%
Nexans SA5.500% 04/05/20280.6%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20310.6%
Vonovia SE5.000% 11/23/20300.6%
Hyundai Capital America5.800% 06/26/20250.6%
Brambles Finance PLC4.250% 03/22/20310.6%
Johnson Controls International plc4.250% 05/23/20350.6%
Emerald Debt Merger Sub LLC6.375% 12/15/20300.6%
OI European Group BV2.875% 02/15/20250.6%
Signify NV2.000% 05/11/20240.6%
Getlink SE3.500% 10/30/20250.6%
Bureau Veritas SA1.875% 01/06/20250.6%
City of San Francisco CA Public Utilities Commission Water Revenue6.000% 11/01/20400.6%
Schneider Electric SE1.841% 10/13/20250.6%
Caixa Geral de Depositos SA2.875% 06/15/20260.6%
Canal De Isabel II SA MP1.680% 02/26/20250.6%
Drax Finco PLC2.625% 11/01/20250.6%
Scatec ASA5.888% 08/19/20250.6%
SSE PLC0.875% 09/06/20250.6%
Itelyum Regeneration Spa4.625% 10/01/20260.6%
ABN AMRO Bank NV3.000% 06/01/20320.6%
Volvo Car AB2.500% 10/07/20270.6%
FCC Servicios Medio Ambiente Holding SAU1.661% 12/04/20260.6%
Vmed O2 UK Financing I PLC4.500% 07/15/20310.6%
PartnerRe Ireland Finance DAC1.250% 09/15/20260.6%
Paprec Holding SA3.500% 07/01/20280.6%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.5%
Vattenfall AB0.500% 06/24/20260.5%
International Bank for Reconstruction & Development5.252% 06/15/20260.5%
CenterPoint Energy Houston Electric LLC5.300% 04/01/20530.5%
LeasePlan Corp NV0.250% 02/23/20260.5%
Bazalgette Finance Plc2.750% 03/10/20340.5%
Rexel SA2.125% 06/15/20280.5%
Bank of Ireland Group PLC0.375% 05/10/20270.5%
Tesla Auto Lease Trust 2021-A1.020% 03/20/20250.5%
Novelis Sheet Ingot GmbH3.375% 04/15/20290.5%
Infineon Technologies AG1.625% 06/24/20290.5%
CaixaBank SA1.250% 06/18/20310.5%
Nordic Investment Bank0.000% 04/30/20270.5%
Wabtec Transportation Netherlands BV1.250% 12/03/20270.5%
AIB Group PLC0.500% 11/17/20270.5%
Engie SA0.375% 06/21/20270.5%
Suez SACA2.875% 05/24/20340.5%
Iberdrola International BV1.450% 02/09/21720.5%
EEW Energy from Waste GmbH0.361% 06/30/20260.5%
ZF Finance GmbH2.250% 05/03/20280.5%
Seche Environnement SA2.250% 11/15/20280.5%
Derichebourg SA2.250% 07/15/20280.5%
Intesa Sanpaolo SpA0.750% 03/16/20280.5%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.5%
Iberdrola Finanzas SA1.375% 03/11/20320.5%
Ferrovie dello Stato Italiane SpA0.375% 03/25/20280.5%
ING Groep NV0.875% 06/09/20320.5%
JP Morgan Chase Commercial Mortgage Securities Trust 2021-14407.086% 03/15/20360.5%
Veolia Environnement SA2.500% 04/20/21720.5%
Ignitis Grupe AB2.000% 05/21/20300.5%
Ren Finance BV0.500% 04/16/20290.5%
Danske Bank A/S0.750% 06/09/20290.5%
Schneider Electric SE0.250% 03/11/20290.5%
French Republic Government Bond OAT1.750% 06/25/20390.5%
Kerry Group Financial Services Unltd Co0.875% 12/01/20310.5%
Royal Bank of Canada1.150% 07/14/20260.5%
Smurfit Kappa Treasury ULC0.500% 09/22/20290.5%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.5%
Air Liquide Finance SA0.375% 05/27/20310.5%
Ile-de-France Mobilites0.400% 05/28/20310.5%
Hamburger Hochbahn AG0.125% 02/24/20310.5%
AXA SA1.375% 10/07/20410.5%
Essity AB0.250% 02/08/20310.5%
Eli Lilly & Co0.500% 09/14/20330.5%
Equinix Inc1.000% 03/15/20330.5%
TenneT Holding BV0.125% 11/30/20320.5%
Digital Dutch Finco BV1.000% 01/15/20320.4%
One Bryant Park Trust 2019-OBP2.516% 09/15/20540.4%
Electricite de France SA1.000% 11/29/20330.4%
Sweden Government International Bond0.125% 09/09/20300.4%
SNCF Reseau0.750% 05/25/20360.4%
Solar Star Funding LLC5.375% 06/30/20350.4%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.4%
Societe Du Grand Paris EPIC0.300% 09/02/20360.4%
Massachusetts Institute of Technology3.959% 07/01/20380.4%
Autonomous Community of Madrid Spain0.419% 04/30/20300.4%
Topaz Solar Farms LLC5.750% 09/30/20390.3%
Kaiser Foundation Hospitals3.150% 05/01/20270.3%
Clearway Energy Operating LLC3.750% 02/15/20310.3%
BorgWarner Inc3.375% 03/15/20250.3%
Dallas Area Rapid Transit2.534% 12/01/20360.3%
Eaton Corp4.150% 03/15/20330.3%
Quanta Services Inc2.350% 01/15/20320.3%
Owens-Brockway Glass Container Inc7.250% 05/15/20310.3%
City of Dallas TX Waterworks & Sewer System Revenue2.772% 10/01/20400.3%
AES Corp/The5.450% 06/01/20280.3%
Continental Wind LLC6.000% 02/28/20330.3%
United Utilities PLC6.875% 08/15/20280.3%
Liberty Utilities Finance GP 12.050% 09/15/20300.3%
Clean Harbors Inc6.375% 02/01/20310.3%
American Water Capital Corp2.800% 05/01/20300.3%
New York City Municipal Water Finance Authority5.750% 06/15/20410.3%
MidAmerican Energy Co3.950% 08/01/20470.3%
nVent Finance Sarl2.750% 11/15/20310.3%
NextEra Energy Operating Partners LP4.500% 09/15/20270.3%
Mueller Water Products Inc4.000% 06/15/20290.3%
City of Los Angeles CA Wastewater System Revenue5.713% 06/01/20390.3%
Darling Ingredients Inc6.000% 06/15/20300.3%
Owens Corning3.950% 08/15/20290.3%
Hubbell Inc3.500% 02/15/20280.3%
Jacobs Engineering Group Inc5.900% 03/01/20330.3%
Amgen Inc3.000% 02/22/20290.3%
TransAlta Corp7.750% 11/15/20290.3%
US 5YR NOTE (CBT) Sep230.000% 10/04/20230.3%
Tesla Auto Lease Trust 2023-A5.890% 06/22/20260.3%
AES Corp/The2.450% 01/15/20310.3%
TerraForm Power Operating LLC4.750% 01/15/20300.3%
Advanced Drainage Systems Inc5.000% 09/30/20270.3%
Tucson Electric Power Co1.500% 08/01/20300.3%
Freddie Mac Multifamily ML Certificates4.140% 01/25/20400.3%
Sunnova Energy Corp5.875% 09/01/20260.2%
San Diego County Water Authority1.951% 05/01/20340.2%
NYO Commercial Mortgage Trust 2021-12906.431% 11/15/20380.2%
Madison IAQ LLC5.875% 06/30/20290.2%
Pattern Energy Operations LP / Pattern Energy Operations Inc4.500% 08/15/20280.2%
Spain Government Bond1.000% 07/30/20420.2%
Amphenol Corp2.800% 02/15/20300.2%
Goodman US Finance Five LLC4.625% 05/04/20320.2%
Weyerhaeuser Co6.875% 12/15/20330.2%
Pentair Finance Sarl4.500% 07/01/20290.2%
Dana Inc4.250% 09/01/20300.2%
Metropolitan Transportation Authority5.175% 11/15/20490.2%
NextEra Energy Capital Holdings Inc1.900% 06/15/20280.2%
Pfizer Inc2.625% 04/01/20300.2%
GFL Environmental Inc5.125% 12/15/20260.2%
Ford Motor Co3.250% 02/12/20320.2%
Southwestern Public Service Co3.750% 06/15/20490.2%
HAT Holdings I LLC / HAT Holdings II LLC3.750% 09/15/20300.2%
Seattle Children's Hospital2.719% 10/01/20500.2%
City of Philadelphia PA Water & Wastewater Revenue1.734% 11/01/20280.2%
Aptiv PLC4.350% 03/15/20290.2%
NextEra Energy Partners LP0.000% 06/15/20240.2%
Northern States Power Co/MN2.600% 06/01/20510.2%
Array Technologies Inc8.675% 10/14/20270.2%
Constellation Renewables LLC8.025% 12/15/20270.2%
TerraForm Power Operating LLC7.842% 05/21/20290.2%
Micron Technology Inc2.703% 04/15/20320.1%
BINGO INDUSTRIES LTD9.004% 07/14/20280.1%
Global Payments Inc3.200% 08/15/20290.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
City of Aurora CO Water Revenue2.348% 08/01/20360.1%
Rivian Automotive Inc4.625% 03/15/20290.1%
Legence Holdings LLC9.169% 12/16/20270.1%
Esdec Solar Group BV9.960% 08/30/20280.1%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.1%
Zurn LLC7.319% 10/04/20280.1%
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue2.611% 07/01/20360.1%
Sunrun Inc0.000% 02/01/20260.1%
HAT Holdings I LLC / HAT Holdings II LLC0.000% 05/01/20250.1%
US 10yr Ultra Fut Sep230.000% 09/29/20230.1%
Thermostat Purchaser III Inc9.914% 08/31/20280.1%
French Republic Government Bond OAT0.500% 06/25/20440.1%
FX USD/SEK 08/230.000% 08/07/20230.0%
Array Technologies Inc1.000% 12/01/20280.0%
Lucid Group Inc1.250% 12/15/20260.0%
Plug Power Inc3.750% 06/01/20250.0%
FX SEK/USD 08/230.000% 08/07/20230.0%
NIO Inc0.500% 02/01/20270.0%
US LONG BOND(CBT) Sep230.000% 09/29/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
EURO-BOBL FUTURE Sep230.000% 09/11/20230.0%
EURO-BUND FUTURE Sep230.000% 09/11/20230.0%
EURO-BUXL 30Y BND Sep230.000% 09/11/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
US ULTRA BOND CBT Sep230.000% 09/29/20230.0%
FX USD/GBP 09/230.000% 09/08/2023-0.1%
FX USD/EUR 09/230.000% 09/13/2023-0.9%

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 08/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
1.43% 0.45%

Expense ratio details, Click here.

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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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1

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

2

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

3

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

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There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

 

IMPORTANT INFORMATION

 

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.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Returns shown at less than a year reflect aggregate total returns.

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

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.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

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