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 05/26/2023

$8.17

arrowDown$0.02

YTD Returns w/o sales charge as of 05/26/2023

1.59%

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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 05/26/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.78% 1.80%

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

  Subsidized3 Un-Subsidized4
w/o sales charge 3.70% 2.57%

Average Yield to Worst as of 04/28/2023

4.76%

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Fund Basicsas of 04/28/2023

Total Net Assets
$18.88 M
Inception Date
05/29/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.68%
Fund Net Expense Ratio
0.70%
Number of Holdings
224

Fund Expense Ratio :

Gross 1.68%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 2.88% -2.20% - - - -1.79%
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 1.68%

Net 0.70%

Fund Expense Ratio :

Gross 1.68%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 2.40% -5.39% - - - -2.00%
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 1.68%

Net 0.70%

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

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

Gross 1.68%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 2.88% -2.20% - - - -1.79%
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 2.88% -2.20% - - - -1.79%

Fund Expense Ratio :

Gross 1.68%

Net 0.70%

Fund Expense Ratio :

Gross 1.68%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge 2.40% -5.39% - - - -2.00%
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 1.68%

Net 0.70%

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 -12.05% -16.68%
2021 -0.89% -2.19%
2020 5.79% 6.68%
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.40% - - - -
2022 -4.80% -5.80% -3.12% 1.23% -12.05%
2021 -1.67% 1.08% 0.09% -0.37% -0.89%
2020 - - 2.26% 2.03% 5.79%

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

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 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%

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 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.

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Holding Coupon Maturity Assets
Central Japan Railway Co 2.200% 10/02/2024 2.1%
European Union 1.250% 02/04/2043 1.6%
Citigroup Inc 1.678% 05/15/2024 1.5%
Bundesrepublik Deutschland Bundesanleihe 0.000% 08/15/2050 1.3%
Bundesrepublik Deutschland Bundesanleihe 0.000% 08/15/2030 1.3%
Transport for London 2.125% 04/24/2025 1.3%
International Finance Corp 4.914% 04/03/2024 1.3%
CDP Financial Inc 1.000% 05/26/2026 1.3%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV 3.000% 10/25/2027 1.2%
BNP Paribas SA 1.125% 08/28/2024 1.2%
% of Total Assets 14.1%
Holding Coupon Maturity Assets
European Union1.250% 02/04/20431.7%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20501.4%
Transport for London2.125% 04/24/20251.4%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20301.4%
International Finance Corp4.569% 04/03/20241.4%
CDP Financial Inc1.000% 05/26/20261.3%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV3.000% 10/25/20271.3%
EDP Finance BV6.300% 10/11/20271.2%
BNP Paribas SA1.125% 08/28/20241.2%
JPMorgan Chase & Co0.768% 08/09/20251.2%
Hong Kong Government International Bond4.500% 01/11/20281.2%
Bank of America Corp2.456% 10/22/20251.2%
Inter-American Development Bank4.780% 04/12/20271.2%
NTT Finance Corp4.372% 07/27/20271.2%
Central Japan Railway Co2.200% 10/02/20241.1%
Kommunalbanken AS2.125% 02/11/20251.1%
Statnett SF0.518% 06/30/20231.1%
Kommuninvest I Sverige AB0.375% 06/19/20241.1%
Industrial Bank of Korea0.625% 09/17/20241.1%
Japan Finance Organization for Municipalities0.010% 02/02/20281.1%
Japan Bank for International Cooperation1.625% 01/20/20271.1%
Atlantica Sustainable Infrastructure PLC4.125% 06/15/20281.1%
BNP Paribas SA1.675% 06/30/20271.0%
Societe Du Grand Paris EPIC1.125% 05/25/20341.0%
United States Treasury Inflation Indexed Bonds0.000% 02/15/20531.0%
Nederlandse Waterschapsbank NV1.000% 05/28/20301.0%
Sweihan PV Power Co PJSC3.625% 01/31/20490.9%
Enel Finance International NV2.250% 07/12/20310.9%
Action Logement Services0.500% 10/30/20340.9%
Sociedad Quimica y Minera de Chile SA3.500% 09/10/20510.8%
Citigroup Inc1.678% 05/15/20240.7%
Bank of Nova Scotia/The0.650% 07/31/20240.7%
Landesbank Baden-Wuerttemberg1.500% 02/03/20250.7%
City of San Francisco CA Public Utilities Commission Water Revenue6.000% 11/01/20400.7%
Brambles Finance PLC4.250% 03/22/20310.6%
Signify NV2.000% 05/11/20240.6%
United States Treasury Note/Bond3.500% 02/15/20330.6%
Getlink SE3.500% 10/30/20250.6%
OI European Group BV2.875% 02/15/20250.6%
Bureau Veritas SA1.875% 01/06/20250.6%
Canal de Isabel II Gestion SA1.680% 02/26/20250.6%
Drax Finco PLC2.625% 11/01/20250.6%
JP Morgan Chase Commercial Mortgage Securities Trust 2021-14406.434% 03/15/20360.6%
Schneider Electric SE1.841% 10/13/20250.6%
ABN AMRO Bank NV3.000% 06/01/20320.6%
SSE PLC0.875% 09/06/20250.6%
FCC Servicios Medio Ambiente Holding SAU1.661% 12/04/20260.6%
PartnerRe Ireland Finance DAC1.250% 09/15/20260.6%
Scatec ASA5.203% 08/19/20250.6%
Vmed O2 UK Financing I PLC4.500% 07/15/20310.6%
Bazalgette Finance Plc2.750% 03/10/20340.6%
CenterPoint Energy Houston Electric LLC5.300% 04/01/20530.6%
International Bank for Reconstruction & Development4.790% 06/15/20260.6%
Vattenfall AB0.500% 06/24/20260.6%
Volvo Car AB2.500% 10/07/20270.6%
Itelyum Regeneration Spa4.625% 10/01/20260.6%
Alstom SA0.250% 10/14/20260.6%
Cullinan Holdco Scsp4.625% 10/15/20260.6%
Infineon Technologies AG1.625% 06/24/20290.6%
Suez SACA2.875% 05/24/20340.6%
LeasePlan Corp NV0.250% 02/23/20260.6%
Tesla Auto Lease Trust 2021-A1.020% 03/20/20250.6%
Novelis Sheet Ingot GmbH3.375% 04/15/20290.6%
CaixaBank SA1.250% 06/18/20310.6%
Nordic Investment Bank0.000% 04/30/20270.6%
Rexel SA2.125% 06/15/20280.6%
Engie SA0.375% 06/21/20270.6%
EEW Energy from Waste GmbH0.361% 06/30/20260.6%
Bank of Ireland Group PLC0.375% 05/10/20270.6%
Wabtec Transportation Netherlands BV1.250% 12/03/20270.6%
Paprec Holding SA3.500% 07/01/20280.6%
Derichebourg SA2.250% 07/15/20280.6%
AIB Group PLC0.500% 11/17/20270.5%
ZF Finance GmbH2.250% 05/03/20280.5%
Seche Environnement SA2.250% 11/15/20280.5%
Iberdrola Finanzas SA1.375% 03/11/20320.5%
Ignitis Grupe AB2.000% 05/21/20300.5%
ING Groep NV0.875% 06/09/20320.5%
Intesa Sanpaolo SpA0.750% 03/16/20280.5%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.5%
Veolia Environnement SA2.500% 04/20/21710.5%
Ren Finance BV0.500% 04/16/20290.5%
French Republic Government Bond OAT1.750% 06/25/20390.5%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.5%
Ferrovie dello Stato Italiane SpA0.375% 03/25/20280.5%
Danske Bank A/S0.750% 06/09/20290.5%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.5%
Royal Bank of Canada1.150% 07/14/20260.5%
Adif Alta Velocidad0.550% 04/30/20300.5%
Air Liquide Finance SA0.375% 05/27/20310.5%
Ile-de-France Mobilites0.400% 05/28/20310.5%
Kerry Group Financial Services Unltd Co0.875% 12/01/20310.5%
Hamburger Hochbahn AG0.125% 02/24/20310.5%
One Bryant Park Trust 2019-OBP2.516% 09/15/20540.5%
Sweden Government International Bond0.125% 09/09/20300.5%
AXA SA1.375% 10/07/20410.5%
TenneT Holding BV0.125% 11/30/20320.5%
Eli Lilly & Co0.500% 09/14/20330.5%
Solar Star Funding LLC5.375% 06/30/20350.5%
Liberty Utilities Finance GP 12.050% 09/15/20300.5%
SNCF Reseau0.750% 05/25/20360.5%
Electricite de France SA1.000% 11/29/20330.5%
Digital Dutch Finco BV1.000% 01/15/20320.4%
NextEra Energy Capital Holdings Inc1.900% 06/15/20280.4%
Massachusetts Institute of Technology3.959% 07/01/20380.4%
Societe Du Grand Paris EPIC0.300% 09/02/20360.4%
American Water Capital Corp2.800% 05/01/20300.4%
Amphenol Corp2.800% 02/15/20300.4%
Autonomous Community of Madrid Spain0.419% 04/30/20300.4%
Dallas Area Rapid Transit2.534% 12/01/20360.4%
Kaiser Foundation Hospitals3.150% 05/01/20270.4%
BorgWarner Inc3.375% 03/15/20250.4%
Topaz Solar Farms LLC5.750% 09/30/20390.4%
French Republic Government Bond OAT0.500% 06/25/20440.4%
Eaton Corp4.150% 03/15/20330.3%
Quanta Services Inc2.350% 01/15/20320.3%
City of Dallas TX Waterworks & Sewer System Revenue2.772% 10/01/20400.3%
Province of Ontario Canada1.550% 11/01/20290.3%
Pentair Finance Sarl4.500% 07/01/20290.3%
New York City Municipal Water Finance Authority5.750% 06/15/20410.3%
City of Los Angeles CA Wastewater System Revenue5.713% 06/01/20390.3%
MidAmerican Energy Co3.950% 08/01/20470.3%
United Utilities PLC6.875% 08/15/20280.3%
nVent Finance Sarl2.750% 11/15/20310.3%
Continental Wind LLC6.000% 02/28/20330.3%
NXP BV / NXP Funding LLC / NXP USA Inc3.400% 05/01/20300.3%
Clean Harbors Inc6.375% 02/01/20310.3%
Darling Ingredients Inc6.000% 06/15/20300.3%
Verizon Communications Inc3.875% 02/08/20290.3%
Mueller Water Products Inc4.000% 06/15/20290.3%
Walmart Inc1.800% 09/22/20310.3%
Nordic Investment Bank0.125% 06/10/20240.3%
Hubbell Inc3.500% 02/15/20280.3%
Owens Corning3.950% 08/15/20290.3%
TransAlta Corp7.750% 11/15/20290.3%
Amgen Inc3.000% 02/22/20290.3%
Jacobs Engineering Group Inc5.900% 03/01/20330.3%
Essential Utilities Inc2.400% 05/01/20310.3%
International Finance Corp4.891% 06/30/20230.3%
TerraForm Power Operating LLC4.750% 01/15/20300.3%
AES Corp/The2.450% 01/15/20310.3%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.3%
Tucson Electric Power Co1.500% 08/01/20300.3%
Advanced Drainage Systems Inc5.000% 09/30/20270.3%
San Diego County Water Authority1.951% 05/01/20340.3%
NYO Commercial Mortgage Trust 2021-12905.779% 11/15/20380.3%
Ford Motor Co3.250% 02/12/20320.3%
Goodman US Finance Five LLC4.625% 05/04/20320.3%
Spain Government Bond1.000% 07/30/20420.3%
Weyerhaeuser Co6.875% 12/15/20330.3%
Global Payments Inc3.200% 08/15/20290.3%
NextEra Energy Operating Partners LP4.500% 09/15/20270.3%
Clearway Energy Operating LLC3.750% 02/15/20310.3%
Madison IAQ LLC5.875% 06/30/20290.2%
City of Corpus Christi TX Utility System Revenue1.966% 07/15/20300.2%
Xylem Inc/NY2.250% 01/30/20310.2%
Metropolitan Transportation Authority5.175% 11/15/20490.2%
Pfizer Inc2.625% 04/01/20300.2%
Pattern Energy Operations LP / Pattern Energy Operations Inc4.500% 08/15/20280.2%
Suzano Austria GmbH3.125% 01/15/20320.2%
Southwestern Public Service Co3.750% 06/15/20490.2%
Johnson Controls International plc / Tyco Fire & Security Finance SCA1.750% 09/15/20300.2%
Dana Inc4.250% 09/01/20300.2%
Fiserv Inc3.200% 07/01/20260.2%
Seattle Children's Hospital2.719% 10/01/20500.2%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.2%
HAT Holdings I LLC / HAT Holdings II LLC3.750% 09/15/20300.2%
City of Philadelphia PA Water & Wastewater Revenue1.734% 11/01/20280.2%
Aptiv PLC4.350% 03/15/20290.2%
Northern States Power Co/MN2.600% 06/01/20510.2%
Array Technologies Inc8.172% 10/14/20270.2%
Global Payments Inc3.750% 06/01/20230.2%
Constellation Renewables LLC7.460% 12/15/20270.2%
Micron Technology Inc2.703% 04/15/20320.2%
TerraForm Power Operating LLC7.376% 05/21/20290.2%
BINGO INDUSTRIES LTD4.000% 07/14/20280.2%
EWT Holdings III Corp7.090% 04/01/20280.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
City of Aurora CO Water Revenue2.348% 08/01/20360.1%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.1%
Esdec Solar Group BV9.909% 08/30/20280.1%
Refficiency Holdings LLC8.657% 12/16/20270.1%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20520.1%
Zurn LLC6.840% 10/04/20280.1%
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue2.611% 07/01/20360.1%
HAT Holdings I LLC / HAT Holdings II LLC0.000% 05/01/20250.1%
Sunrun Inc0.000% 02/01/20260.1%
Thermostat Purchaser III Inc9.453% 08/31/20280.1%
US ULTRA BOND CBT Jun230.000% 06/30/20230.1%
NextEra Energy Partners LP0.000% 06/15/20240.1%
Array Technologies Inc1.000% 12/01/20280.1%
Plug Power Inc3.750% 06/01/20250.0%
Lucid Group Inc1.250% 12/15/20260.0%
NIO Inc0.500% 02/01/20270.0%
FX USD/SEK 05/230.000% 05/05/20230.0%
FX GBP/USD 06/230.000% 06/08/20230.0%
FX EUR/USD 06/230.000% 06/13/20230.0%
FX EUR/USD 06/230.000% 06/13/20230.0%
FX USD/CAD 04/230.000% 04/20/20230.0%
FX SEK/USD 05/230.000% 05/05/20230.0%
FX EUR/USD 06/230.000% 06/13/20230.0%
EURO-BOBL FUTURE Jun230.000% 06/12/20230.0%
EURO-BUND FUTURE Jun230.000% 06/12/20230.0%
EURO-BUXL 30Y BND Jun230.000% 06/12/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX CAD/USD 04/230.000% 04/20/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
US LONG BOND(CBT) Jun230.000% 06/30/20230.0%
FX USD/GBP 06/230.000% 06/08/2023-0.1%
US 10yr Ultra Fut Jun230.000% 06/30/2023-0.2%
US 5YR NOTE (CBT) Jun230.000% 07/06/2023-0.2%
FX USD/EUR 06/230.000% 06/13/2023-0.9%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
1.68% 0.70%

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
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
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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IMPORTANT INFORMATION

 

*"Barron's Best Fund Families of 2021", #4 ranking in the Taxable Bond category based on the net total return of the one-year period ending 12/31/2021, among 51 qualifying fund families. Ranking for the ten-year period ending 12/31/2021 is #2 out of 45 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2021,” February 18, 2022. 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, 2021, 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 2022. 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.

 

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.

Select funds to run a Morningstar Hypothetical Report.

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