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 01/14/2022

$9.93

arrowDown$0.03

YTD Returns w/o sales charge as of 01/14/2022

-0.83%

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 01/14/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.91% 0.50%

30-Day Standardized Yield 2 as of 12/31/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.49% 0.67%

Fund Basicsas of 12/31/2021

Total Net Assets
$22.98 M
Inception Date
05/29/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.80%
Fund Net Expense Ratio
0.40%
Number of Holdings
235

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 -0.47% -0.47% - - - 3.35%
Lipper Category Avg. General Bond Funds 0.34% 0.34% - - - -
ICE BofA Green Bond Index Hedged USD -2.19% -2.19% - - - 1.77%

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 -0.47% -0.47% - - - 3.35%
Lipper Category Avg. General Bond Funds 0.34% 0.34% - - - -
ICE BofA Green Bond Index Hedged USD -2.19% -2.19% - - - 1.77%

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 64 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 -0.47% -0.47% - - - 3.35%
Lipper Category Avg. General Bond Funds 0.34% 0.34% - - - -
ICE BofA Green Bond Index Hedged USD -2.19% -2.19% - - - 1.77%

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 -0.47% -0.47% - - - 3.35%
Lipper Category Avg. General Bond Funds 0.34% 0.34% - - - -
ICE BofA Green Bond Index Hedged USD -2.19% -2.19% - - - 1.77%

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 -0.47% -2.19%
2020 5.90% 6.68%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -1.49% 1.16% 0.07% -0.19% -0.47%
2020 - - 2.35% 2.02% 5.90%

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 12/31/2021

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 9/30/2021

  • Relative to the ICE BofA Green Bond Index, the Fund is modestly overweight credit risk. More specifically, the Fund is overweight bonds in the ‘BBB’ and lower credit quality tiers.
  • We continue to selectively add back to solar convertible bonds, as we believe valuations have bottomed and the outlook for demand is positive.
  • Further, we have been adding to the Fund’s securitized exposure (both ABS and CMBS) give our positive view on the sector and an increasing amount of green securities coming to the market.

PORTFOLIO DETAILS as of 12/31/2021

Total Net Assets
$22.98 M
Number of Issues
235
Average Coupon
2.31%
Average Life
6.78 Years
Average Effective Duration
5.24 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
United States Treasury Note/Bond 1.125% 10/31/2026 2.4%
Transport for London 2.125% 04/24/2025 1.2%
Scottish Hydro Electric Transmission PLC 1.500% 03/24/2028 1.2%
United States Treasury Note/Bond 1.375% 11/15/2031 1.1%
European Bank for Reconstruction & Development 1.625% 09/27/2024 1.0%
International Finance Corp 0.140% 04/03/2024 1.0%
Scatec ASA 1.933% 08/19/2025 1.0%
Action Logement Services 0.500% 10/30/2034 1.0%
Statnett SF 0.518% 06/30/2023 1.0%
Adani Green Energy UP Ltd / Prayatna Developers Pvt Ltd / Parampujya Solar Energ 6.250% 12/10/2024 1.0%
% of Total Assets 11.9%
Holding Coupon Maturity Assets
United States Treasury Note/Bond1.125% 10/31/20262.4%
FX USD/EUR 12/210.000% 12/10/20211.3%
Transport for London2.125% 04/24/20251.2%
Scottish Hydro Electric Transmission PLC1.500% 03/24/20281.1%
United States Treasury Note/Bond1.250% 08/15/20311.1%
European Bank for Reconstruction & Development1.625% 09/27/20241.0%
International Finance Corp0.140% 04/03/20241.0%
Cullinan Holdco Scsp4.625% 10/15/20261.0%
Action Logement Services0.500% 10/30/20341.0%
Scatec ASA1.933% 08/19/20251.0%
Statnett SF0.518% 06/30/20231.0%
Adani Green Energy UP Ltd / Prayatna Developers Pvt Ltd / Parampujya Solar Energ6.250% 12/10/20241.0%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV2.750% 02/20/20240.9%
Korea Water Resources Corp3.875% 05/15/20230.9%
European Investment Bank2.125% 04/13/20260.9%
Kommunalbanken AS2.125% 02/11/20250.9%
Central Japan Railway Co2.200% 10/02/20240.9%
Industrial & Commercial Bank of China Ltd/Luxembourg2.875% 10/12/20220.9%
BNG Bank NV1.500% 10/16/20240.9%
Kommuninvest I Sverige AB1.625% 04/24/20230.9%
Bank Hapoalim BM3.255% 01/21/20320.9%
Greenko Dutch BV3.850% 03/29/20260.9%
Standard Chartered PLC1.214% 03/23/20250.9%
Industrial Bank of Korea0.625% 09/17/20240.9%
Kommuninvest I Sverige AB0.375% 06/19/20240.9%
Sociedad Quimica y Minera de Chile SA3.500% 09/10/20510.8%
SPCM SA3.375% 03/15/20300.8%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20300.8%
Nederlandse Waterschapsbank NV1.000% 05/28/20300.8%
Star Energy Geothermal Wayang Windu Ltd6.750% 04/24/20330.8%
Autonomous Community of Madrid Spain0.419% 04/30/20300.7%
United States Treasury Note/Bond1.750% 08/15/20410.7%
Asian Development Bank3.125% 09/26/20280.7%
French Republic Government Bond OAT0.500% 06/25/20440.7%
Asian Infrastructure Investment Bank/The0.500% 05/28/20250.6%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20500.6%
Kreditanstalt fuer Wiederaufbau0.750% 09/30/20300.6%
NextEra Energy Capital Holdings Inc1.900% 06/15/20280.6%
City of San Francisco CA Public Utilities Commission Water Revenue6.000% 11/01/20400.6%
Co-Operative Group Ltd5.125% 05/17/20240.6%
Vmed O2 UK Financing I PLC4.500% 07/15/20310.6%
Canary Wharf Group Investment Holdings PLC2.625% 04/23/20250.6%
Landesbank Baden-Wuerttemberg1.500% 02/03/20250.6%
Barclays PLC1.700% 11/03/20260.6%
Kaiser Foundation Hospitals3.150% 05/01/20270.6%
Tesla Auto Lease Trust 2019-A2.680% 01/20/20230.5%
Citigroup Inc1.678% 05/15/20240.5%
Province of Quebec Canada1.850% 02/13/20270.5%
Signify NV2.375% 05/11/20270.5%
FCC Servicios Medio Ambiente Holding SAU1.661% 12/04/20260.5%
Massachusetts Institute of Technology3.959% 07/01/20380.5%
Walmart Inc1.800% 09/22/20310.5%
AIB Group PLC2.875% 05/30/20310.5%
Canal de Isabel II Gestion SA1.680% 02/26/20250.5%
SNCF Reseau0.750% 05/25/20360.5%
Orsted AS2.250% 11/24/30170.5%
Derichebourg SA2.250% 07/15/20280.5%
Owens Corning3.950% 08/15/20290.5%
International Bank for Reconstruction & Development2.900% 11/26/20250.5%
Novelis Sheet Ingot GmbH3.375% 04/15/20290.5%
Adif Alta Velocidad0.550% 04/30/20300.5%
Wabtec Transportation Netherlands BV1.250% 12/03/20270.5%
Rexel SA2.125% 06/15/20280.5%
Paprec Holding SA3.500% 07/01/20280.5%
OI European Group BV2.875% 02/15/20250.5%
Province of Ontario Canada1.850% 02/01/20270.5%
Iberdrola International BV1.450% 02/09/21700.5%
Cyrusone Europe Finance DAC1.125% 05/26/20280.5%
Engie SA0.375% 06/21/20270.5%
EnBW Energie Baden-Wuerttemberg AG1.625% 08/05/20790.5%
Chanel Ceres PLC0.500% 07/31/20260.5%
Ren Finance BV0.500% 04/16/20290.5%
Ferrovie dello Stato Italiane SpA0.375% 03/25/20280.5%
CaixaBank SA1.250% 06/18/20310.5%
Kreditanstalt fuer Wiederaufbau2.000% 10/04/20220.5%
Blackstone Property Partners Europe Holdings Sarl1.625% 04/20/20300.5%
Intesa Sanpaolo SpA0.750% 03/16/20280.5%
Nordea Bank Abp0.500% 03/19/20310.5%
Canpack SA / Canpack US LLC2.375% 11/01/20270.5%
EEW Energy from Waste GmbH0.361% 06/30/20260.5%
Energia Group NI FinanceCo PLC/Energia Group ROI Holdings DAC4.000% 09/15/20250.5%
Alstom SA0.250% 10/14/20260.5%
LeasePlan Corp NV0.250% 02/23/20260.5%
Danske Bank A/S0.750% 06/09/20290.5%
E.ON SE0.350% 02/28/20300.5%
CBRE Global Investors Open-Ended Fund SCA SICAV-SIF Pan European Core Fund0.900% 10/12/20290.5%
Techem Verwaltungsgesellschaft 675 mbH2.000% 07/15/20250.5%
Eli Lilly & Co0.500% 09/14/20330.5%
Mueller Water Products Inc4.000% 06/15/20290.5%
Bank of Ireland Group PLC0.375% 05/10/20270.5%
Hamburger Hochbahn AG0.125% 02/24/20310.5%
Sweden Government International Bond0.125% 09/09/20300.5%
Sweden Government International Bond0.125% 09/09/20300.5%
Equinix Inc1.000% 03/15/20330.5%
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC3.000% 09/01/20290.5%
Digital Dutch Finco BV1.000% 01/15/20320.5%
Societe Du Grand Paris EPIC0.300% 09/02/20360.5%
JP Morgan Chase Commercial Mortgage Securities Trust 2021-14401.840% 03/15/20360.5%
Aqua Finance Trust 2021-A3.140% 07/17/20460.5%
TenneT Holding BV0.125% 11/30/20320.5%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.4%
American Water Capital Corp2.800% 05/01/20300.4%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.4%
Audax Renovables SA4.200% 12/18/20270.4%
One Bryant Park Trust 2019-OBP2.516% 09/15/20540.4%
Signa Development Finance SCS5.500% 07/23/20260.4%
VNDO 2012-6AVE Mortgage Trust3.448% 11/15/20300.4%
Solar Star Funding LLC5.375% 06/30/20350.4%
Sunrun Demeter Issuer 2021-22.270% 01/30/20570.4%
Kreditanstalt fuer Wiederaufbau0.875% 09/15/20260.4%
Tesla Auto Lease Trust 2021-A1.020% 03/20/20250.4%
International Finance Corp2.000% 10/24/20220.4%
TRP - TRIP Rail Master Funding LLC2.150% 06/19/20510.4%
Fiserv Inc3.200% 07/01/20260.4%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.4%
Advanced Drainage Systems Inc5.000% 09/30/20270.4%
Dana Inc4.250% 09/01/20300.4%
HAT Holdings I LLC / HAT Holdings II LLC3.750% 09/15/20300.4%
Johnson Controls International plc / Tyco Fire & Security Finance SCA1.750% 09/15/20300.4%
Apple Inc3.000% 06/20/20270.4%
Xylem Inc/NY2.250% 01/30/20310.4%
Alerion Cleanpower SpA3.125% 12/19/20250.4%
Topaz Solar Farms LLC5.750% 09/30/20390.4%
UDR Inc3.100% 11/01/20340.4%
Switch Ltd3.750% 09/15/20280.4%
TerraForm Power Operating LLC4.750% 01/15/20300.4%
Bank of Nova Scotia/The2.375% 01/18/20230.4%
Pattern Energy Operations LP / Pattern Energy Operations Inc4.500% 08/15/20280.3%
European Investment Bank2.375% 05/24/20270.3%
Pfizer Inc2.625% 04/01/20300.3%
MidAmerican Energy Co3.950% 08/01/20470.3%
Global Payments Inc3.200% 08/15/20290.3%
Piedmont Operating Partnership LP3.150% 08/15/20300.3%
Asian Development Bank2.450% 01/17/20240.3%
City of Dallas TX Waterworks & Sewer System Revenue2.772% 10/01/20400.3%
New York City Water & Sewer System5.750% 06/15/20410.3%
Sunnova Energy Corp5.875% 09/01/20260.3%
Bank of Nova Scotia/The0.650% 07/31/20240.3%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.3%
Ford Motor Co3.250% 02/12/20320.3%
Liberty Utilities Finance GP 12.050% 09/15/20300.3%
City of Los Angeles CA Wastewater System Revenue5.713% 06/01/20390.3%
Hubbell Inc3.500% 02/15/20280.3%
United Kingdom Gilt0.875% 07/31/20330.3%
FX USD/GBP 12/210.000% 12/07/20210.3%
Clearway Energy Operating LLC3.750% 02/15/20310.3%
Darling Ingredients Inc5.250% 04/15/20270.3%
Pentair Finance Sarl4.500% 07/01/20290.3%
BorgWarner Inc3.375% 03/15/20250.3%
Province of Ontario Canada1.550% 11/01/20290.3%
Madison IAQ LLC5.875% 06/30/20290.3%
Analog Devices Inc2.950% 04/01/20250.3%
United Utilities PLC6.875% 08/15/20280.3%
NXP BV / NXP Funding LLC / NXP USA Inc3.400% 05/01/20300.3%
PepsiCo Inc2.875% 10/15/20490.3%
Metropolitan Transportation Authority5.175% 11/15/20490.3%
Starbucks Corp4.450% 08/15/20490.3%
Dispatch Terra Acquisition LLC5.000% 03/25/20280.3%
Renewable Energy Group Inc5.875% 06/01/20280.3%
Verizon Communications Inc3.875% 02/08/20290.3%
IEA Energy Services LLC6.625% 08/15/20290.3%
San Diego County Water Authority1.951% 05/01/20340.3%
Alexandria Real Estate Equities Inc3.800% 04/15/20260.3%
Southwestern Public Service Co3.750% 06/15/20490.3%
NextEra Energy Operating Partners LP4.500% 09/15/20270.3%
Array Technologies Inc3.750% 10/14/20270.2%
Weyerhaeuser Co6.875% 12/15/20330.2%
Tucson Electric Power Co1.500% 08/01/20300.2%
AI AQUA MERGER SUB INC4.500% 07/31/20280.2%
Vertiv Group Corp4.125% 11/15/20280.2%
Kilroy Realty LP4.750% 12/15/20280.2%
United States Treasury Note/Bond2.000% 08/15/20510.2%
City of Corpus Christi TX Utility System Revenue1.966% 07/15/20300.2%
JPMorgan Chase & Co0.768% 08/09/20250.2%
NYO Commercial Mortgage Trust 2021-12901.184% 11/15/20380.2%
Northern States Power Co/MN2.600% 06/01/20510.2%
EWT HOLDINGS III CORP.2.625% 04/01/20280.2%
Suzano Austria GmbH3.750% 01/15/20310.2%
Equinix Inc1.550% 03/15/20280.2%
Spain Government Bond1.000% 07/30/20420.2%
Dallas Area Rapid Transit2.534% 12/01/20360.2%
SolarEdge Technologies Inc0.000% 09/15/20250.2%
Esdec Solar Group BV5.750% 08/30/20280.2%
Enphase Energy Inc0.000% 03/01/20260.2%
Aptiv PLC4.350% 03/15/20290.2%
City of Philadelphia PA Water & Wastewater Revenue1.734% 11/01/20280.2%
Asian Infrastructure Investment Bank/The0.200% 12/15/20250.2%
Generac Power Systems Inc1.836% 12/13/20260.2%
Tesla Inc2.000% 05/15/20240.2%
Sunrun Inc0.000% 02/01/20260.2%
Sysco Corp2.400% 02/15/20300.2%
Refficiency Holdings LLC4.500% 12/16/20270.1%
THERMOSTAT PURCHASER III INC.4.675% 08/31/20280.1%
nVent Finance Sarl2.750% 11/15/20310.1%
Global Payments Inc3.750% 06/01/20230.1%
Exgen Renewables IV LLC3.500% 12/15/20270.1%
City of Aurora CO Water Revenue2.348% 08/01/20360.1%
BINGO INDUSTRIES LTD4.000% 07/08/20280.1%
Filtration Group Corp3.090% 03/29/20250.1%
RealReal Inc/The1.000% 03/01/20280.1%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.1%
Plug Power Inc3.750% 06/01/20250.1%
SunPower Corp4.000% 01/15/20230.1%
Alexandria Real Estate Equities Inc2.000% 05/18/20320.1%
FX USD/SEK 01/220.000% 01/21/20220.1%
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue2.611% 07/01/20360.1%
US ULTRA BOND CBT Mar220.000% 03/31/20220.1%
International Bank for Reconstruction & Development0.250% 01/29/20290.1%
International Bank for Reconstruction & Development1.200% 07/22/20260.1%
Zurn LLC2.750% 10/04/20280.1%
NextEra Energy Partners LP0.000% 06/15/20240.1%
Algonquin Power & Utilities Corp0.000% 06/15/20240.1%
FX USD/CAD 01/220.000% 01/20/20220.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
THERMOSTAT PURCHASER III INC.0.023% 08/24/20280.0%
NIO Inc0.500% 02/01/20270.0%
AI AQUA MERGER SUB INC0.000% 07/31/20280.0%
Refficiency Holdings LLC0.040% 12/31/20270.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX USD/AUD 12/210.000% 12/01/20210.0%
FX USD/GBP 12/210.000% 12/07/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
EURO-BOBL FUTURE Mar220.000% 03/10/20220.0%
EURO-BUND FUTURE Mar220.000% 03/10/20220.0%
EURO-BUXL 30Y BND Mar220.000% 03/10/20220.0%
FX USD/AUD 03/220.000% 03/01/20220.0%
FX AUD/USD 12/210.000% 12/01/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX GBP/USD 12/210.000% 12/07/20210.0%
FX AUD/USD 12/210.000% 12/01/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
US 2YR NOTE (CBT) Mar220.000% 04/05/20220.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX GBP/USD 12/210.000% 12/07/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX GBP/USD 12/210.000% 12/07/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
US 5YR NOTE (CBT) Mar220.000% 04/05/2022-0.1%
US 10yr Ultra Fut Mar220.000% 03/31/2022-0.1%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2021

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
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
n/a
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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*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.

 

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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