CFBAX | Climate Focused Bond Fund Class A | Lord Abbett
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Climate Focused Bond Fund

Daily price w/o sales charge as of 09/18/2020

$10.31

$0.00

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.

Fund Basicsas of 08/31/2020

Total Net Assets
$11.42 M
Inception Date
05/29/2020
Dividend Frequency
Monthly (Daily Accrual)
Fund Gross Expense Ratio
0.60%
Fund Net Expense Ratio
0.38%
Number of Holdings
158

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge - - - - - 3.62%
Lipper Category Avg. General Bond Funds - - - - - -
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) - - - - - 1.04%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge - - - - - 1.42%
Lipper Category Avg. General Bond Funds - - - - - -
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) - - - - - 0.68%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

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

Portfolio Manager

13 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Director of Taxable Fixed Income

19 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Supported By 59 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 0.60%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge - - - - - 3.62%
Lipper Category Avg. General Bond Funds - - - - - -
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) - - - - - 1.04%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge - - - - - 1.42%
Lipper Category Avg. General Bond Funds - - - - - -
Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) - - - - - 0.68%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.60%

Net 0.38%

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 08/31/2020

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 DETAILS as of 08/31/2020

Total Net Assets
$11.42 M
Number of Issues
158
Average Coupon
2.71%
Average Life
6.66 Years
Average Effective Duration
5.3 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 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.

Holding Coupon Maturity Assets
Statnett SF 0.518% 06/30/2023 2.1%
Korea Water Resources Corp 3.875% 05/15/2023 2.0%
Nederlandse Financierings-Maatschappij voor Ontwik 2.750% 02/20/2024 2.0%
Aegea Finance Sarl 5.750% 10/10/2024 2.0%
Industrial & Commercial Bank of China Ltd/Luxembou 2.875% 10/12/2022 1.9%
AES Panama Generation Holdings SRL 4.375% 05/31/2030 1.9%
Kommuninvest I Sverige AB 1.625% 04/24/2023 1.9%
Greenko Mauritius Ltd 6.250% 02/21/2023 1.9%
Bank of China Ltd/Paris 1.238% 11/22/2022 1.9%
Nederlandse Waterschapsbank NV 1.000% 05/28/2030 1.9%
% of Total Assets 19.5%
Holding Coupon Maturity Assets
Nederlandse Financierings-Maatschappij voor Ontwik2.750% 02/20/20242.1%
Korea Water Resources Corp3.875% 05/15/20232.1%
Greenko Mauritius Ltd6.250% 02/21/20232.1%
Development Bank of Japan Inc1.875% 10/02/20242.1%
Aegea Finance Sarl5.750% 10/10/20242.1%
Industrial & Commercial Bank of China Ltd/Luxembou2.875% 10/12/20222.0%
Kommuninvest I Sverige AB1.625% 04/24/20232.0%
Nederlandse Waterschapsbank NV1.000% 05/28/20302.0%
Bank of China Ltd/Paris1.238% 11/22/20222.0%
San Francisco Pub Util Comm, CA6.000% 11/01/20401.4%
Transport for London2.125% 04/24/20251.4%
Co-Operative Group Ltd5.125% 05/17/20241.4%
European Bank for Reconstruction & Development1.625% 09/27/20241.3%
Schneider Electric SA1.841% 10/13/20251.3%
TenneT Holding BV1.375% 06/05/20281.3%
Iberdrola International BV3.250% 02/12/21691.3%
Massachusetts Institute of Technology3.959% 07/01/20381.3%
Essity AB1.625% 03/30/20271.3%
ERG SpA1.875% 04/11/20251.2%
ESB Finance DAC1.125% 06/11/20301.2%
Canal de Isabel II Gestion SA1.680% 02/26/20251.2%
Adif Alta Velocidad1.250% 05/04/20261.2%
Cassa Depositi e Prestiti SpA2.125% 09/27/20231.2%
SNCF Reseau0.750% 05/25/20361.2%
Terna S.p.A.1.000% 04/10/20261.2%
Signify NV2.375% 05/11/20271.2%
Orsted A/S2.250% 11/24/30171.2%
BNP Paribas S.A.1.125% 08/28/20241.2%
Danske Bank A/S1.625% 03/15/20241.2%
Vestas Wind Systems A/S2.750% 03/11/20221.2%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20261.2%
Infineon Technologies AG3.625% 10/01/21691.2%
Action Logement Services0.500% 10/30/20341.2%
Societe Nationale SNCF SA0.625% 04/17/20301.2%
Unione di Banche Italiane SpA1.500% 04/10/20241.2%
LeasePlan Corp NV1.375% 03/07/20241.2%
Swisscom Finance BV0.375% 11/14/20281.2%
Getlink SE3.625% 10/01/20231.2%
GDF Suez0.375% 06/21/20271.2%
Viridian Group FinanceCo PLC / Viridian Power & En4.000% 09/15/20251.2%
FCC Servicios Medio Ambiente Holding SA0.815% 12/04/20231.2%
Japan Finance Organization for Municipalities0.050% 02/12/20271.2%
EnBW Energie Baden-Wuerttemberg AG1.625% 08/05/20791.1%
WEPA Hygieneprodukte GmbH2.875% 12/15/20271.1%
Alstom SA0.250% 10/14/20261.1%
Apple, Inc.3.000% 06/20/20271.1%
Kaiser Foundation Hospitals3.150% 05/01/20271.1%
Energias de Portugal S.A.1.700% 07/20/20801.1%
Paprec Holding SA4.000% 03/31/20251.1%
Kreditanstalt fur Wiederaufbau0.875% 09/15/20261.0%
Pentair Finance SA4.500% 07/01/20290.8%
NXP BV / NXP Funding LLC / NXP USA Inc3.400% 05/01/20300.8%
NextEra Energy Operating Partners LP4.500% 09/15/20270.8%
Pattern Energy Operations LP / Pattern Energy Oper4.500% 08/15/20280.8%
New York City Mun Fin Auth5.750% 06/15/20410.8%
Darling International, Inc.5.250% 04/15/20270.8%
Pattern Energy Group, Inc.5.875% 02/01/20240.8%
Tesla Motors, Inc.5.300% 08/15/20250.8%
Dallas, TX2.772% 10/01/20400.8%
Itron, Inc.5.000% 01/15/20260.8%
Bank of America Corp.3.499% 05/17/20220.8%
Mueller Water Products, Inc.5.500% 06/15/20260.7%
PayPal Holdings, Inc.3.250% 06/01/20500.7%
Analog Devices, Inc.2.950% 04/01/20250.7%
Autonomous Community of Madrid Spain0.419% 04/30/20300.6%
City of Charleston SC Waterworks & Sewer System Re1.890% 01/01/20330.6%
Citigroup, Inc.1.678% 05/15/20240.6%
Alerion Cleanpower SpA3.125% 12/19/20250.6%
San Diego Cnty Wtr Auth, CA1.951% 05/01/20340.6%
Middle Fork Project Finance Authority5.000% 04/01/20360.6%
Asian Development Bank3.125% 09/26/20280.6%
E. ON AG0.350% 02/28/20300.6%
Aqua America, Inc.3.566% 05/01/20290.6%
Pfizer, Inc.2.625% 04/01/20300.6%
Owens Corning3.950% 08/15/20290.6%
Fiserv, Inc.3.200% 07/01/20260.6%
European Investment Bank2.375% 05/24/20270.6%
UDR, Inc.3.100% 11/01/20340.5%
European Investment Bank2.125% 04/13/20260.5%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.5%
Topaz Solar Farms LLC5.750% 09/30/20390.5%
Clearway Energy Operating LLC5.750% 10/15/20250.5%
Weyerhaeuser Co.6.875% 12/15/20330.5%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.5%
Advanced Drainage Systems, Inc.5.000% 09/30/20270.5%
Kilroy Realty L.P.4.750% 12/15/20280.5%
Kreditanstalt fur Wiederaufbau2.000% 10/04/20220.5%
Alexandria Real Estate Equities, Inc.3.800% 04/15/20260.5%
Covanta Holding Corp.5.875% 07/01/20250.5%
City of Corpus Christi TX Utility System Revenue1.966% 07/15/20300.5%
Sysco Corp.2.400% 02/15/20300.5%
Tesla Auto Lease Trust 2020-A0.680% 12/20/20230.5%
Morgan Stanley Capital Barclays Bank Trust 2016-MA2.200% 09/13/20310.5%
Generac Holdings, Inc.2.709% 12/13/20260.5%
Interstate Power and Light Co4.100% 09/26/20280.5%
Starbucks Corp.4.450% 08/15/20490.5%
Verizon Communications, Inc.3.875% 02/08/20290.4%
Bank of Nova Scotia2.375% 01/18/20230.4%
PepsiCo, Inc.2.875% 10/15/20490.4%
Philadelphia, PA1.734% 11/01/20280.4%
Prudential Financial, Inc.1.500% 03/10/20260.4%
EWT Holdings III Corp. (fka WTG Holdings III Corp.3.477% 12/20/20240.3%
American Water Capital Corp.2.800% 05/01/20300.3%
Xylem, Inc.3.250% 11/01/20260.3%
Delphi Corp.4.150% 03/15/20240.3%
Global Payments, Inc.3.750% 06/01/20230.3%
Core & Main LP6.125% 08/15/20250.3%
Exgen Renewables IV, LLC4.000% 11/28/20240.3%
Delphi Automotive plc4.350% 03/15/20290.3%
Northern States Power Co.2.600% 06/01/20510.3%
DocuSign Inc0.500% 09/15/20230.2%
NSTAR Electric Co.3.250% 05/15/20290.2%
Tesla Motors, Inc.2.000% 05/15/20240.2%
SunPower Corp.4.000% 01/15/20230.2%
BorgWarner, Inc.3.375% 03/15/20250.2%
Enphase Energy, Inc.0.250% 03/01/20250.2%
MidAmerican Energy Co3.950% 08/01/20470.2%
Atlantica Sustainable Infrastructure Jersey Ltd4.000% 07/15/20250.2%
Xylem, Inc.1.950% 01/30/20280.2%
RealReal Inc/The3.000% 06/15/20250.2%
Hannon Armstrong Sustainable Infrastructure Capita4.125% 09/01/20220.1%
Core & Main Holdings LP8.625% 09/15/20240.1%
FX EUR/USD 09/200.000% 09/04/20200.1%
FX EUR/USD 09/200.000% 09/04/20200.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
EURO BUXL 30Y BND Sep200.000% 09/10/20200.0%
EURO-BOBL FUT Sep200.000% 09/10/20200.0%
EURO-BUND FUTURE Sep200.000% 09/10/20200.0%
EURO-SCHATZ FUT SEP200.000% 09/10/20200.0%
FX USD/GBP 09/200.000% 09/08/20200.0%
US ULTRA BOND CBT SEP200.000% 09/30/20200.0%
US 10YR ULTRA FUT SEP200.000% 09/30/20200.0%
US 5YR NOTE (CBT) SEP200.000% 10/05/20200.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/2020-0.1%
FX USD/EUR 09/200.000% 09/04/2020-0.1%
FX USD/EUR 09/200.000% 09/04/2020-0.1%
FX USD/EUR 09/200.000% 09/04/2020-0.1%
FX USD/EUR 09/200.000% 09/04/2020-0.1%
FX USD/EUR 09/200.000% 09/04/2020-0.1%
FX USD/EUR 09/200.000% 09/04/2020-0.1%
FX USD/GBP 09/200.000% 09/08/2020-0.1%
FX USD/EUR 09/200.000% 09/04/2020-0.2%
FX USD/EUR 09/200.000% 09/04/2020-1.9%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 08/31/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
0.60% 0.38%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
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Publish Date:11/03/2015
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Publish Date:11/03/2015

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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 Bloomberg Barclays Global Aggregate Index provided a broad-based measure of the global investment-grade fixed income markets. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. The Index also includes Eurodollar and Euro-Yen corporate bonds, Candadian government, agency and corporate securities, and USD investment grade 144A securities.

 

Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

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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