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 10/15/2021

$10.23

arrowDown$0.01

YTD Returns w/o sales charge as of 10/15/2021

-0.50%

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 10/15/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.95% 0.00%

30-Day Standardized Yield 2 as of 09/30/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.13% 0.14%

Fund Basicsas of 09/30/2021

Total Net Assets
$23.73 M
Inception Date
05/29/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.77%
Fund Net Expense Ratio
0.38%
Number of Holdings
227

Fund Expense Ratio :

Gross 2.77%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -0.28% 1.73% - - - 4.14%
Lipper Category Avg. General Bond Funds 0.33% 2.98% - - - -
ICE BofA Green Bond Index Hedged USD -1.91% -0.25% - - - 2.33%

Fund Expense Ratio :

Gross 2.77%

Net 0.38%

Fund Expense Ratio :

Gross 2.77%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -0.28% 1.73% - - - 4.14%
Lipper Category Avg. General Bond Funds 0.33% 2.98% - - - -
ICE BofA Green Bond Index Hedged USD -1.91% -0.25% - - - 2.33%

Fund Expense Ratio :

Gross 2.77%

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

Managing Director, Portfolio Manager

13 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head 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 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 2.77%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -0.28% 1.73% - - - 4.14%
Lipper Category Avg. General Bond Funds 0.33% 2.98% - - - -
ICE BofA Green Bond Index Hedged USD -1.91% -0.25% - - - 2.33%

Fund Expense Ratio :

Gross 2.77%

Net 0.38%

Fund Expense Ratio :

Gross 2.77%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/28/2020
w/o sales charge -0.28% 1.73% - - - 4.14%
Lipper Category Avg. General Bond Funds 0.33% 2.98% - - - -
ICE BofA Green Bond Index Hedged USD -1.91% -0.25% - - - 2.33%

Fund Expense Ratio :

Gross 2.77%

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.

Year Fund Returns ICE BofA Green Bond Index Hedged USD
2020 5.90% 6.68%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -1.49% 1.16% 0.07% - -0.50%
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 09/30/2021

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 6/30/2021

  • 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.
  • The stabilization in rates and the positive outlook for renewable energy has created some compelling opportunities in the solar convertible bond space, where we now have a small position.
  • Our view on European-issued green bonds is still positive, as it appears more likely that the European Central Bank (ECB) will favor green bonds in their asset purchase programs in the future

PORTFOLIO DETAILS as of 09/30/2021

Total Net Assets
$23.73 M
Number of Issues
227
Average Coupon
2.3%
Average Life
7.07 Years
Average Effective Duration
5.31 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
Asian Infrastructure Investment Bank/The 0.500% 05/28/2025 1.2%
European Bank for Reconstruction & Development 1.625% 09/27/2024 1.2%
Transport for London 2.125% 04/24/2025 1.2%
Scottish Hydro Electric Transmission PLC 1.500% 03/24/2028 1.1%
Asian Development Bank 3.125% 09/26/2028 1.1%
International Finance Corp 2.125% 04/07/2026 1.0%
LeasePlan Corp NV 0.250% 02/23/2026 1.0%
Statnett SF 0.518% 06/30/2023 1.0%
Action Logement Services 0.500% 10/30/2034 1.0%
Scatec ASA 1.952% 08/19/2025 1.0%
% of Total Assets 10.8%
Holding Coupon Maturity Assets
Asian Infrastructure Investment Bank/The0.500% 05/28/20251.2%
European Bank for Reconstruction & Development1.625% 09/27/20241.2%
Transport for London2.125% 04/24/20251.2%
Canary Wharf Group Investment Holdings PLC2.625% 04/23/20251.2%
Scottish Hydro Electric Transmission PLC1.500% 03/24/20281.2%
Asian Development Bank3.125% 09/26/20281.1%
International Finance Corp2.125% 04/07/20261.0%
Action Logement Services0.500% 10/30/20341.0%
Hamburger Hochbahn AG0.125% 02/24/20311.0%
LeasePlan Corp NV0.250% 02/23/20261.0%
Scatec ASA1.952% 08/19/20251.0%
Statnett SF0.518% 06/30/20231.0%
Investment Energy Resources Ltd6.250% 04/26/20290.9%
European Investment Bank2.125% 04/13/20260.9%
Nederlandse Financierings-Maatschappij voor Ontwik2.750% 02/20/20240.9%
Korea Water Resources Corp3.875% 05/15/20230.9%
Atlantica Sustainable Infrastructure PLC4.125% 06/15/20280.9%
United States Treasury Note/Bond1.125% 05/15/20400.9%
Aegea Finance Sarl5.750% 10/10/20240.9%
Kommunalbanken AS2.125% 02/11/20250.9%
Central Japan Railway Co2.200% 10/02/20240.9%
FX USD/EUR 09/210.000% 09/10/20210.9%
Greenko Dutch BV3.850% 03/29/20260.9%
BNG Bank NV1.500% 10/16/20240.9%
Industrial & Commercial Bank of China Ltd/Luxembou2.875% 10/12/20220.9%
Kommuninvest I Sverige AB1.625% 04/24/20230.9%
JSW Hydro Energy Ltd4.125% 05/18/20310.8%
Standard Chartered plc1.214% 03/23/20250.8%
BNP Paribas SA1.675% 06/30/20270.8%
Development Bank of Japan Inc0.500% 03/04/20240.8%
Kommuninvest I Sverige AB0.375% 06/19/20240.8%
Nederlandse Waterschapsbank NV1.000% 05/28/20300.8%
Autonomous Community of Madrid Spain0.419% 04/30/20300.8%
Kaiser Foundation Hospitals3.150% 05/01/20270.7%
French Republic Government Bond OAT0.500% 06/25/20440.7%
United States Treasury Note/Bond2.250% 08/15/20490.6%
Co-Operative Group Ltd5.125% 05/17/20240.6%
ING Groep NV2.500% 11/15/20300.6%
NextEra Energy Capital Holdings, Inc.1.900% 06/15/20280.6%
Kreditanstalt fuer Wiederaufbau0.750% 09/30/20300.6%
City of San Francisco CA Public Utilities Commissi6.000% 11/01/20400.6%
Barclays plc1.700% 11/03/20260.6%
Landesbank Baden-Wuerttemberg1.500% 02/03/20250.6%
Vmed O2 UK Financing I PLC4.500% 07/15/20310.6%
Severn Trent Utilities Finance PLC2.000% 06/02/20400.6%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20500.6%
Infineon Technologies AG3.625% 04/01/21990.6%
Signify NV2.375% 05/11/20270.6%
AB Ignitis Grupe2.000% 07/14/20270.5%
Province of Quebec Canada1.850% 02/13/20270.5%
Equinix Inc1.550% 03/15/20280.5%
Pentair Finance Sarl4.500% 07/01/20290.5%
Citigroup Inc1.678% 05/15/20240.5%
AIB Group PLC2.875% 05/30/20310.5%
FCC Servicios Medio Ambiente Holding SA1.661% 12/04/20260.5%
Orsted AS2.250% 11/24/30170.5%
Canal de Isabel II Gestion SA1.680% 02/26/20250.5%
Johnson Controls International plc / Tyco Fire & S1.750% 09/15/20300.5%
International Bank for Reconstruction & Developmen2.900% 11/26/20250.5%
Novelis Sheet Ingot GmbH3.375% 04/15/20290.5%
Societe Nationale SNCF SA0.625% 04/17/20300.5%
SNCF Reseau0.750% 05/25/20360.5%
CANPACK SA / Eastern PA Land Investment Holding LL2.375% 11/01/20270.5%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.5%
Rexel SA2.125% 06/15/20280.5%
Wabtec Transportation Netherlands BV1.250% 12/03/20270.5%
Analog Devices Inc2.950% 04/01/20250.5%
NXP BV / NXP Funding LLC / NXP USA Inc3.400% 05/01/20300.5%
Energia Group NI FinanceCo PLC/Energia Group ROI H4.000% 09/15/20250.5%
Audax Renovables SA4.200% 12/18/20270.5%
Massachusetts Institute of Technology3.959% 07/01/20380.5%
Swisscom Finance BV0.375% 11/14/20280.5%
Adif Alta Velocidad0.550% 04/30/20300.5%
Nordex SE6.500% 02/01/20230.5%
Iberdrola International BV1.450% 02/09/21990.5%
Intesa Sanpaolo SpA0.750% 03/16/20280.5%
EnBW Energie Baden-Wuerttemberg AG1.625% 08/05/20790.5%
Engie SA0.375% 06/21/20270.5%
Nordea Bank Abp0.500% 03/19/20310.5%
EDP - Energias de Portugal SA1.700% 07/20/20800.5%
Ardagh Metal Packaging Finance USA LLC / Ardagh Me3.000% 09/01/20290.5%
OI European Group BV2.875% 02/15/20250.5%
Equinix Inc1.000% 03/15/20330.5%
Ferrovie dello Stato Italiane SpA0.375% 03/25/20280.5%
Verizon Communications Inc3.875% 02/08/20290.5%
Ren Finance BV0.500% 04/16/20290.5%
Paprec Holding SA3.500% 07/01/20280.5%
CaixaBank SA1.250% 06/18/20310.5%
EEW Energy from Waste GmbH0.361% 06/30/20260.5%
Derichebourg SA2.250% 07/15/20280.5%
Chanel Ceres PLC0.500% 07/31/20260.5%
Alstom SA0.250% 10/14/20260.5%
Danske Bank A/S0.750% 06/09/20290.5%
Owens Corning3.950% 08/15/20290.5%
Digital Dutch Finco BV1.000% 01/15/20320.5%
Cyrusone Europe Finance DAC1.125% 05/26/20280.5%
Dana Inc4.250% 09/01/20300.5%
E.ON SE0.350% 02/28/20300.5%
Province of Ontario Canada1.850% 02/01/20270.5%
Techem Verwaltungsgesellschaft 675 mbH2.000% 07/15/20250.5%
Bank of Ireland Group PLC0.375% 05/10/20270.5%
Advanced Drainage Systems Inc5.000% 09/30/20270.5%
Sweden Government International Bond0.125% 09/09/20300.5%
Sweden Government International Bond0.125% 09/09/20300.5%
Mueller Water Products Inc4.000% 06/15/20290.5%
Kreditanstalt fuer Wiederaufbau2.000% 10/04/20220.5%
Societe Du Grand Paris EPIC0.300% 09/02/20360.5%
Signa Development Finance SCS5.500% 07/23/20260.5%
American Water Capital Corp2.800% 05/01/20300.4%
Prudential Financial Inc1.500% 03/10/20260.4%
UDR Inc3.100% 11/01/20340.4%
Switch Ltd3.750% 09/15/20280.4%
Kreditanstalt fuer Wiederaufbau0.875% 09/15/20260.4%
One Bryant Park Trust 2019-OBP2.516% 09/15/20540.4%
Tesla Auto Lease Trust 2021-A1.020% 03/20/20250.4%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.4%
TRP - TRIP Rail Master Funding LLC2.150% 06/19/20510.4%
International Finance Corp2.000% 10/24/20220.4%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.4%
Fiserv Inc3.200% 07/01/20260.4%
Piedmont Operating Partnership LP3.150% 08/15/20300.4%
HAT Holdings I LLC / HAT Holdings II LLC3.750% 09/15/20300.4%
Apple Inc3.000% 06/20/20270.4%
Southwestern Public Service Co3.750% 06/15/20490.4%
Alerion Cleanpower SpA3.125% 12/19/20250.4%
Xylem Inc/NY2.250% 01/30/20310.4%
Topaz Solar Farms LLC5.750% 09/30/20390.4%
PayPal Holdings Inc2.850% 10/01/20290.4%
Suzano Austria GmbH3.750% 01/15/20310.3%
Pattern Energy Operations LP / Pattern Energy Oper4.500% 08/15/20280.3%
Bank of Nova Scotia/The2.375% 01/18/20230.3%
European Investment Bank2.375% 05/24/20270.3%
Pfizer Inc2.625% 04/01/20300.3%
Asian Development Bank2.450% 01/17/20240.3%
Global Payments Inc3.200% 08/15/20290.3%
TerraForm Power Operating LLC4.750% 01/15/20300.3%
City of Dallas TX Waterworks & Sewer System Revenu2.772% 10/01/20400.3%
MidAmerican Energy Co3.950% 08/01/20470.3%
New York City Water & Sewer System5.750% 06/15/20410.3%
Bank of Nova Scotia/The0.650% 07/31/20240.3%
Liberty Utilities Finance GP 12.050% 09/15/20300.3%
Sunnova Energy Corp5.875% 09/01/20260.3%
City of Los Angeles CA Wastewater System Revenue5.713% 06/01/20390.3%
Darling Ingredients Inc5.250% 04/15/20270.3%
Clearway Energy Operating LLC3.750% 02/15/20310.3%
BorgWarner Inc3.375% 03/15/20250.3%
Madison IAQ LLC5.875% 06/30/20290.3%
Province of Ontario Canada1.550% 11/01/20290.3%
Visa Inc0.750% 08/15/20270.3%
Xylem Inc/NY3.250% 11/01/20260.3%
United States Treasury Note/Bond2.000% 08/15/20510.3%
United Utilities PLC6.875% 08/15/20280.3%
PepsiCo Inc2.875% 10/15/20490.3%
Starbucks Corp4.450% 08/15/20490.3%
Renewable Energy Group Inc5.875% 06/01/20280.3%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.3%
Metropolitan Transportation Authority5.175% 11/15/20490.3%
Dispatch Acquisition Ho5.000% 03/17/20280.3%
Alexandria Real Estate Equities, Inc.3.800% 04/15/20260.3%
PayPal Holdings Inc1.650% 06/01/20250.3%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20300.3%
San Diego County Water Authority1.951% 05/01/20340.3%
NextEra Energy Operating Partners LP4.500% 09/15/20270.3%
Array Technologies Inc3.750% 10/07/20270.2%
Tucson Electric Power Co1.500% 08/01/20300.2%
Weyerhaeuser Co6.875% 12/15/20330.2%
Osmosis Buyer Limited0.000% 06/17/20280.2%
Kilroy Realty LP4.750% 12/15/20280.2%
City of Corpus Christi TX Utility System Revenue1.966% 07/15/20300.2%
JPMorgan Chase & Co0.768% 08/09/20250.2%
EWT Holdings III Corp2.750% 03/10/20280.2%
Northern States Power Co/MN2.600% 06/01/20510.2%
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 Holdings, Inc.2.152% 12/13/20260.2%
Sysco Corp2.400% 02/15/20300.2%
FX USD/GBP 09/210.000% 09/08/20210.1%
Refficiency Holdings LLC4.750% 12/10/20270.1%
SolarEdge Technologies Inc0.000% 09/15/20250.1%
Global Payments Inc3.750% 06/01/20230.1%
Exgen Renewables IV, LLC3.500% 12/10/20270.1%
Sunrun Inc0.000% 02/01/20260.1%
City of Aurora CO Water Revenue2.348% 08/01/20360.1%
Filtration Group Corp.3.296% 03/29/20250.1%
Enphase Energy Inc0.000% 03/01/20260.1%
Aptiv Corp4.150% 03/15/20240.1%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.1%
Tesla Inc2.000% 05/15/20240.1%
Alexandria Real Estate Equities, Inc.2.000% 05/18/20320.1%
Esdec Solar Group Bv5.750% 08/23/20280.1%
International Bank for Reconstruction & Developmen0.250% 01/29/20290.1%
Bingo Industries Ltd4.000% 07/09/20280.1%
International Bank for Reconstruction & Developmen1.200% 07/22/20260.1%
Algonquin Power & Utilities Corp0.000% 06/15/20240.1%
NextEra Energy Partners LP0.000% 06/15/20240.1%
Osmosis Debt Merger Sub4.500% 06/17/20280.0%
NIO Inc0.500% 02/01/20270.0%
Refficiency Holdings LLC4.000% 12/11/20270.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/GBP 09/210.000% 09/08/20210.0%
FX USD/GBP 09/210.000% 09/08/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/CAD 10/210.000% 10/20/20210.0%
FX EUR/USD 09/210.000% 09/10/20210.0%
FX EUR/USD 09/210.000% 09/10/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/GBP 09/210.000% 09/08/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
EURO BUXL 30Y BND DEC210.000% 12/10/20210.0%
EURO-BOBL FUT DEC210.000% 12/10/20210.0%
EURO-BUND FUTURE DEC210.000% 12/10/20210.0%
US 2YR NOTE (CBT) DEC210.000% 01/05/20220.0%
US ULTRA BOND CBT DEC210.000% 12/31/20210.0%
US 10YR ULTRA FUT DEC210.000% 12/31/20210.0%
US 5YR NOTE (CBT) DEC210.000% 01/05/20220.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/AUD 12/210.000% 12/01/20210.0%
FX EUR/USD 09/210.000% 09/10/20210.0%
FX EUR/USD 09/210.000% 09/10/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/CAD 10/210.000% 10/20/20210.0%
FX USD/SEK 10/210.000% 10/21/20210.0%
FX EUR/USD 09/210.000% 09/10/20210.0%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 09/30/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
2.77% 0.38%

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

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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.

Select funds to run a Morningstar Hypothetical Report.

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