LCROX | Core Fixed Income Fund Class F3 | Lord Abbett
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Core Fixed Income Fund

Daily price w/o sales charge as of 01/15/2021

$11.27

arrowUp$0.01

YTD Returns w/o sales charge as of 01/15/2021

-0.56%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the Core Fixed Income Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities.

 

Yield

Dividend Yield 1 as of 01/15/2021  

w/o sales charge 1.62%

30-Day Standardized Yield 2 as of 12/31/2020  

0.92%

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

Fund Basicsas of 12/31/2020

Total Net Assets
$2.04 B
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Expense Ratio
0.36%
Number of Holdings
428

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 8.21% 8.21% 5.32% 4.51% 4.05% -
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% -

Fund Expense Ratio :

0.36%

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 8.21% 8.21% 5.32% 4.51% 4.05% -
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% -

Fund Expense Ratio :

0.36%

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.

Type Assets
U.S. Government Related
MBS
ABS
CMBS
Sovereign
Corporates
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 12/31/2020 View Portfolio

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. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. 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 may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Supported By 64 Investment Professionals with 17 Years Avg. Industry Experience

Contact a Representative

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Performance

Performance

Dividend Yield 1 as of 01/15/2021  

w/o sales charge 1.62%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.92% 0.92%

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

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 8.21% 8.21% 5.32% 4.51% 4.05% -
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% -

Fund Expense Ratio :

0.36%

Fund Expense Ratio :

0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 8.21% 8.21% 5.32% 4.51% 4.05% -
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% -

Fund Expense Ratio :

0.36%

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 Bloomberg Barclays U.S. Aggregate Bond Index
2020 8.21% 7.51%
2019 8.14% 8.72%
2018 -0.16% 0.01%
2017 3.57% 3.54%
2016 3.04% 2.65%
2015 -0.22% 0.55%
2014 6.45% 5.97%
2013 -1.90% -2.02%
2012 6.06% 4.22%
2011 7.92% 7.84%
2010 7.00% -
2009 12.99% -
2008 1.58% -
2007 6.71% -
2006 - -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - -0.54%
2020 1.69% 3.69% 1.40% 1.21% 8.21%
2019 2.91% 2.96% 2.11% -0.05% 8.14%
2018 -1.31% -0.27% 0.09% 1.35% -0.16%
2017 0.93% 1.38% 0.83% 0.38% 3.57%
2016 2.74% 2.36% 0.92% -2.91% 3.04%
2015 1.44% -1.58% 0.71% -0.76% -0.22%
2014 2.17% 2.25% 0.20% 1.69% 6.45%
2013 0.16% -2.65% 0.43% 0.18% -1.90%
2012 1.10% 2.23% 2.05% 0.56% 6.06%
2011 0.66% 2.27% 3.54% 1.26% 7.92%
2010 2.17% 3.31% 2.65% -1.24% 7.00%
2009 2.51% 4.07% 5.54% 0.35% 12.99%
2008 1.30% 0.03% -1.16% 1.41% 1.58%
2007 1.57% -0.72% 2.98% 2.76% 6.71%
2006 - - - 1.17% -

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
U.S. Government Related
MBS
ABS
CMBS
Sovereign
Corporates
Other
Cash
Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 12/31/2020

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. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. 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 may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 9/30/2020

  • Over the quarter the largest change in the portfolio composition was an increase in the U.S. Treasury allocation as spreads in riskier sectors tightened and we continue to prioritize and emphasize liquidity within the portfolio.
  • We decreased the portfolio’s allocation to investment grade corporate credit. Specifically, we reduced the portfolio’s allocation to high quality corporate bonds in July and August as spreads had tightened significantly since their March wides.
  • We feel valuations are attractive compared to underlying economic fundamentals.  The Fed continues to provide an environment of significantly low volatility, negative real yields, and support to maintain market liquidity.

Portfolio Details as of 12/31/2020

Total Net Assets
$2.04 B
Number of Issues
428
Average Coupon
2.47%
Average Life
6.39 Years
Average Maturity
6.39 Years
Average Effective Duration
5.89 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.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
U.S. Treasury Note/Bond 2.500% 01/31/2021 11.0%
30-YR UMBS-TBA PROD JAN 3.500% 10/01/2049 9.6%
U.S. Treasury Note/Bond 0.250% 10/31/2025 9.5%
30-YR UMBS-TBA PROD JAN 3.000% 01/01/2050 8.3%
U.S. Treasury Note/Bond 0.125% 12/15/2023 7.2%
United States Treasury Bill 0.000% 02/04/2021 5.5%
30-YR UMBS-TBA PROD JAN 4.000% 02/01/2049 5.1%
30-YR UMBS-TBA PROD JAN 2.500% 04/01/2046 2.4%
Japan Treasury Discount Bill 0.000% 02/22/2021 2.1%
U.S. Treasury Note/Bond 1.125% 05/15/2040 1.8%
% of Total Assets 62.5%
Holding Coupon Maturity Assets
U.S. Treasury Note/Bond2.500% 01/31/202110.6%
30-YR UMBS-TBA PROD DEC3.500% 09/01/20499.2%
U.S. Treasury Note/Bond0.250% 10/31/20258.4%
30-YR UMBS-TBA PROD DEC3.000% 12/01/20497.9%
30-YR UMBS-TBA PROD DEC4.000% 02/01/20494.9%
U.S. Treasury Note/Bond0.250% 11/15/20234.8%
U.S. Treasury Note/Bond0.125% 10/31/20223.6%
TD Securities (USA) LLC0.010% -3.5%
U.S. Treasury Note/Bond0.125% 09/30/20223.0%
U.S. Treasury Note/Bond1.125% 05/15/20402.5%
30-YR UMBS-TBA PROD DEC2.500% 03/01/20462.3%
Japan Treasury Discount Bill0.000% 02/22/20212.0%
U.S. Treasury Note/Bond1.625% 11/15/20500.9%
Federal National Mortgage Assoc.3.500% 09/01/20470.9%
United States Treasury Bill0.000% 02/04/20210.8%
U.S. Treasury Note/Bond3.625% 08/15/20430.8%
JPMorgan Chase & Co.3.782% 02/01/20280.7%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.7%
AT&T, Inc.4.300% 02/15/20300.6%
Federal National Mortgage Assoc.3.500% 03/01/20500.5%
U.S. Treasury Note/Bond2.375% 11/15/20490.5%
AbbVie, Inc.4.250% 11/21/20490.5%
Westlake Automobile Receivables Trust 2020-20.930% 02/15/20240.5%
U.S. Treasury Note/Bond1.375% 08/15/20500.5%
Citigroup, Inc.2.666% 01/29/20310.5%
Boeing Co.4.875% 05/01/20250.5%
Atlanta, GA2.257% 11/01/20350.5%
Biogen Idec, Inc.2.250% 05/01/20300.5%
Palmer Square Loan Funding 2018-1 Ltd0.837% 04/15/20260.5%
Avis Budget Rental Car Funding2.970% 03/20/20240.4%
Stryker Corp.1.950% 06/15/20300.4%
General Motors Co.6.600% 04/01/20360.4%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
NiSource, Inc.3.490% 05/15/20270.4%
OneMain Financial Issuance Trust 2020-21.750% 09/14/20350.4%
NXP BV / NXP Funding LLC / NXP USA Inc3.150% 05/01/20270.4%
Ford Credit Auto Owner Trust 2020-B0.500% 02/15/20230.4%
Bayer US Finance II LLC3.875% 12/15/20230.4%
HCA, Inc.5.500% 06/15/20470.4%
PayPal Holdings, Inc.2.850% 10/01/20290.4%
Wells Fargo Bank, N.A.5.850% 02/01/20370.4%
Volkswagen Group of America Finance LLC3.125% 05/12/20230.4%
Ally Financial, Inc.8.000% 11/01/20310.4%
Alcon Finance Corp2.600% 05/27/20300.3%
Boeing Co.5.040% 05/01/20270.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
BAE Systems plc3.400% 04/15/20300.3%
Hyundai Auto Receivables Trust 2017-B1.960% 02/15/20230.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
Parallel 2015-1 Ltd1.068% 07/20/20270.3%
Bayer US Finance II LLC4.375% 12/15/20280.3%
DTE Electric Co2.625% 03/01/20310.3%
AerCap Ireland Capital Ltd.3.875% 01/23/20280.3%
BMW Vehicle Owner Trust 2020-A0.390% 02/27/20230.3%
ENI SpA5.700% 10/01/20400.3%
Morgan Stanley3.875% 01/27/20260.3%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.3%
Great Wolf Trust 2019-WOLF1.175% 12/15/20360.3%
Anthem, Inc.2.250% 05/15/20300.3%
Vista Point Securitization Trust 2020-11.763% 03/25/20650.3%
NVR, Inc.3.000% 05/15/20300.3%
Citigroup, Inc.3.887% 01/10/20280.3%
AT&T, Inc.3.500% 09/15/20530.3%
Lending Funding Trust 2020-22.320% 04/21/20310.3%
Boston Scientific Corp.2.650% 06/01/20300.3%
Honda Auto Receivables 2017-4 Owner Trust2.210% 03/21/20240.3%
Development Bank of Japan Inc1.000% 08/27/20300.3%
Bank of America Corp.3.593% 07/21/20280.3%
D.R. Horton, Inc.2.600% 10/15/20250.3%
Drive Auto Receivables Trust5.300% 07/15/20240.3%
Starwood Mortgage Residential Trust 2020-31.486% 04/25/20650.3%
BMW US Capital LLC3.900% 04/09/20250.3%
Zimmer Biomet Holdings, Inc.3.550% 04/01/20250.3%
ME Funding LLC 2019-16.448% 07/30/20490.3%
Avolon Holdings Funding Ltd5.250% 05/15/20240.3%
Time Warner Cable LLC7.300% 07/01/20380.2%
Bank of America Corp.4.250% 10/22/20260.2%
Regeneron Pharmaceuticals, Inc.1.750% 09/15/20300.2%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.2%
Volkswagen Auto Loan Enhanced Trust 2020-10.930% 12/20/20220.2%
CVS Caremark Corp.3.625% 04/01/20270.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.088% 07/05/20330.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
Kayne CLO 7 Ltd1.418% 04/17/20330.2%
Saudi Government International Bond3.250% 10/26/20260.2%
Federal National Mortgage Assoc.4.000% 01/01/20480.2%
Park Aerospace Holdings Ltd5.500% 02/15/20240.2%
Emera US Finance L.P.4.750% 06/15/20460.2%
Credit Suisse Mortgage Capital Certificates1.700% 04/25/20650.2%
Quest Diagnostics, Inc.2.800% 06/30/20310.2%
CPS Auto Receivables Trust 2020-B1.150% 07/17/20230.2%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.2%
Apache Corp.4.750% 04/15/20430.2%
BX Commercial Mortgage Trust 2018-BIOA0.812% 03/15/20370.2%
Tencent Holdings Ltd.3.595% 01/19/20280.2%
Ohio Edison Co.8.250% 10/15/20380.2%
GCAT 2020-NQM2 Trust1.555% 04/25/20650.2%
Verus Securitization Trust 2020-41.502% 05/25/20650.2%
Ellington Financial Mortgage Trust 2020-12.006% 05/25/20650.2%
Hilton Orlando Trust 2018-ORL0.911% 12/15/20340.2%
Kayne CLO 5 Ltd1.565% 07/24/20320.2%
Genesis Sales Finance Master Trust2.240% 09/22/20250.2%
Ford Motor Co9.000% 04/22/20250.2%
SOUND POINT CLO XVII1.818% 10/20/20300.2%
Comcast Corp.4.950% 10/15/20580.2%
PFS Financing Corp.1.270% 06/15/20250.2%
Ameren Corp.3.500% 01/15/20310.2%
Wells Fargo & Co.3.000% 10/23/20260.2%
China Government International Bond2.250% 10/21/20500.2%
BAT Capital Corp4.390% 08/15/20370.2%
Shackleton 2019-XIV Clo Ltd2.118% 07/20/20300.2%
Verus Securitization Trust 2020-INV11.977% 04/25/20600.2%
Occidental Petroleum Corp.2.700% 02/15/20230.2%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.2%
Anglo American Capital plc4.750% 04/10/20270.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Deephaven Residential Mortgage Trust 2020-21.692% 05/25/20650.2%
Netflix, Inc.6.375% 05/15/20290.2%
Kraft Heinz Foods Co.3.750% 04/01/20300.2%
Ball Corp.2.875% 08/15/20300.2%
Westlake Automobile Receivables Trust 2020-12.520% 04/15/20250.2%
Qtel International Finance Ltd.3.750% 06/22/20260.2%
Halliburton Co.7.450% 09/15/20390.2%
WEA Finance LLC2.875% 01/15/20270.2%
Dell International LLC / EMC Corp6.020% 06/15/20260.2%
Macquarie Group Ltd.4.654% 03/27/20290.2%
CSC Holdings LLC6.500% 02/01/20290.2%
Nvent Finance Sarl4.550% 04/15/20280.2%
COMM 2014-UBS4 Mortgage Trust4.863% 08/10/20470.2%
Octagon Investment Partners 48 Ltd1.732% 10/20/20310.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
Benefit Street Partners CLO IV Ltd1.468% 01/20/20290.2%
BAT Capital Corp3.557% 08/15/20270.2%
Exelon Generation Co. LLC5.600% 06/15/20420.2%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
Tucson Electric Power Co.1.500% 08/01/20300.2%
Liberty Utilities Finance GP 12.050% 09/15/20300.2%
GLS Auto Receivables Issuer Trust 2020-31.920% 05/15/20250.2%
Salem Fields CLO Ltd 2016-21.365% 10/25/20280.2%
GM Financial Consumer Automobile Receivables Trust3.210% 10/16/20230.2%
IDEX Corp.3.000% 05/01/20300.2%
AbbVie, Inc.3.250% 10/01/20220.2%
ALM VII Ltd2.087% 07/15/20290.2%
COMM Mortgage Trust4.576% 07/10/20500.2%
Wells Fargo & Co.2.393% 06/02/20280.2%
Morgan Stanley4.431% 01/23/20300.2%
National Oilwell Varco, Inc.3.600% 12/01/20290.2%
Citibank Credit Card Issuance Trust2.490% 01/20/20230.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Santander UK plc7.950% 10/26/20290.2%
Union Electric Co.2.625% 03/15/20510.2%
Ameriprise Financial, Inc.3.000% 04/02/20250.1%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.1%
BX Trust 2018-GW0.941% 05/15/20350.1%
Hyundai Auto Receivables Trust 2017-A2.530% 11/15/20230.1%
World Financial Network Credit Card Master Trust3.460% 07/15/20250.1%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.1%
Honda Auto Receivables 2020-2 Owner Trust0.740% 11/15/20220.1%
Marble Point CLO XVII Ltd1.518% 04/20/20330.1%
Shell International Finance BV6.375% 12/15/20380.1%
Aqua America, Inc.3.566% 05/01/20290.1%
Continental Resources, Inc.5.000% 09/15/20220.1%
Republic of Indonesia3.400% 09/18/20290.1%
Synchrony Credit Card Master Note Trust2.210% 05/15/20240.1%
Bahia Sul Holdings GmbH3.750% 01/15/20310.1%
Government National Mortgage Association2.900% 02/16/20490.1%
JPMBB Commercial Mortgage Securities Trust4.410% 07/15/20480.1%
Mountain View CLO 2017-1 LLC1.320% 10/16/20290.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
Palmer Square Loan Funding 2020-1 Ltd1.024% 02/20/20280.1%
Capital One Multi-Asset Execution Trust0.787% 05/15/20280.1%
Perimeter Master Note Business Trust4.310% 12/15/20220.1%
Advocate Health & Hospitals Corp3.387% 10/15/20490.1%
Octagon Investment Partners 29 Ltd1.395% 01/24/20330.1%
Royalty Pharma PLC1.750% 09/02/20270.1%
JFIN CLO 2014 Ltd1.668% 04/21/20250.1%
COMM 2015-DC1 Mortgage Trust4.451% 02/10/20480.1%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.1%
JPMorgan Chase & Co.3.960% 01/29/20270.1%
Kookmin Bank1.750% 05/04/20250.1%
Deephaven Residential Mortgage Trust 2019-32.964% 07/25/20590.1%
Michigan Fin Auth3.084% 12/01/20340.1%
Meituan3.050% 10/28/20300.1%
Hardee's Funding LLC4.959% 06/20/20480.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
Angel Oak Mortgage Trust I LLC 2019-42.993% 07/26/20490.1%
Exelon Generation Co. LLC3.250% 06/01/20250.1%
SLC Student Loan Trust 2008-11.850% 12/15/20320.1%
Dell International LLC / EMC Corp.8.350% 07/15/20460.1%
PSEG Power LLC8.625% 04/15/20310.1%
California Republic Auto Receivables Trust 2018-13.560% 03/15/20230.1%
Citigroup, Inc.4.450% 09/29/20270.1%
Massachusetts Sch Bldg Auth3.395% 10/15/20400.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.441% 06/15/20320.1%
UnitedHealth Group, Inc.3.500% 08/15/20390.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.141% 06/15/20320.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
BSPRT 2018-FL4 Issuer Ltd1.191% 09/15/20350.1%
New Residential Mortgage Loan Trust 2019-NQM32.802% 07/25/20490.1%
Northwell Healthcare, Inc.3.979% 11/01/20460.1%
Ares XLI Clo Ltd2.037% 01/15/20290.1%
Hartford Cnty Metro Dist, CT2.562% 04/01/20390.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
ServiceNow, Inc.1.400% 09/01/20300.1%
KKR CLO 18 Ltd1.918% 07/18/20300.1%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.1%
Saudi Arabian Oil Co2.875% 04/16/20240.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 04/01/20290.1%
Walgreen Co.3.200% 04/15/20300.1%
NRG Energy, Inc.5.250% 06/15/20290.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
Antofagasta PLC2.375% 10/14/20300.1%
SURA Asset Management SA4.875% 04/17/20240.1%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.1%
DaVita, Inc.3.750% 02/15/20310.1%
Hudsons Bay Simon JV Trust4.666% 08/05/20340.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor3.138% 11/07/20290.1%
Bank of America Corp.3.970% 03/05/20290.1%
Cleco Corp.4.973% 05/01/20460.1%
Navient Corp.6.750% 06/15/20260.1%
Calpine Corp.5.000% 02/01/20310.1%
TPG Real Estate Finance 2018-FL2 Issuer LTD1.277% 11/15/20370.1%
Drive Auto Receivables Trust 2017-23.490% 09/15/20230.1%
Bank of America Corp.4.000% 01/22/20250.1%
Springleaf Finance Corp.6.125% 03/15/20240.1%
Orec 2018-CRE1 Ltd1.321% 06/15/20360.1%
UBS AG Registered Shares5.125% 05/15/20240.1%
Owens Corning3.950% 08/15/20290.1%
Western Gas Partners L.P.4.100% 02/01/20250.1%
DBWF 2018-GLKS Mortgage Trust1.179% 12/19/20300.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
Bayer Corp6.650% 02/15/20280.1%
Quicken Loans LLC5.250% 01/15/20280.1%
LifePoint Hospitals, Inc.4.375% 02/15/20270.1%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Interstate Power and Light Co3.500% 09/30/20490.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
New Jersey Edl Facs Auth3.836% 09/01/20360.1%
Oracle Corp.6.125% 07/08/20390.1%
Statoil ASA7.150% 11/15/20250.1%
Branch Banking & Trust Co.2.250% 03/11/20300.1%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.1%
PFP 2019-6 Ltd1.194% 04/14/20370.1%
AstraZeneca plc4.375% 08/17/20480.1%
Sysco Corp.2.400% 02/15/20300.1%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.1%
South Carolina Electric & Gas Co.6.050% 01/15/20380.1%
Mountain View CLO 2014-1 Ltd2.237% 10/15/20260.1%
Dominion Gas Holdings LLC4.600% 12/15/20440.1%
First Investors Auto Owner Trust 2019-22.710% 12/15/20250.1%
Goldman Sachs Group, Inc.6.750% 10/01/20370.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
Jamestown CLO VII Ltd.2.815% 07/25/20270.1%
Northwoods Capital 20 Ltd4.465% 01/25/20300.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Baidu, Inc.2.375% 10/09/20300.1%
Octagon Investment Partners 25 Ltd1.018% 10/20/20260.1%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.1%
KVK CLO 2016-1 Ltd3.387% 01/15/20290.1%
Huntington Ingalls Industries, Inc.3.844% 05/01/20250.1%
CF Trust 2019-BOSS3.391% 12/15/20210.1%
Sound Point Clo XII Ltd2.818% 10/20/20280.1%
BAT Capital Corp4.700% 04/02/20270.1%
World Omni Auto Receivables Trust 2018-B2.870% 07/17/20230.1%
Foursight Capital Automobile Receivables Trust 2013.680% 08/15/20230.1%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.1%
Avery Point VII CLO Ltd1.987% 01/15/20280.1%
Hudsons Bay Simon JV Trust5.331% 08/05/20340.1%
Exeter Automobile Receivables Trust 2020-21.130% 08/15/20230.1%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.1%
Tengizchevroil Finance Co. International Ltd.3.250% 08/15/20300.1%
BBCMS 2019-BWAY Mortgage Trust1.097% 11/15/20340.1%
Capital Auto Receivables Asset Trust 2018-23.690% 12/20/20230.1%
Nutrition & Biosciences Inc1.832% 10/15/20270.1%
California7.625% 03/01/20400.1%
BMW Vehicle Owner Trust 2019-A2.050% 05/25/20220.1%
Flagship Credit Auto Trust 2018-33.590% 12/16/20240.1%
Mountain View CLO X Ltd1.574% 10/13/20270.1%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.1%
CSMC Series 2019-UVIL3.160% 12/15/20410.1%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.1%
Race Point IX CLO Ltd1.447% 10/15/20300.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Federal Home Loan Mortgage Corp.2.187% 02/25/20320.1%
New Jersey Edl Facs Auth3.636% 09/01/20290.1%
Northwoods Capital 20 Ltd3.015% 01/25/20300.1%
Baidu, Inc.3.075% 04/07/20250.1%
BorgWarner, Inc.2.650% 07/01/20270.1%
Oglethorpe Power Corp.5.950% 11/01/20390.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
Neuberger Berman CLO XX Ltd1.037% 01/15/20280.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
JD.com, Inc.3.375% 01/14/20300.1%
Longfor Properties Co. Ltd.4.500% 01/16/20280.1%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.1%
Oklahoma Gas and Electric3.300% 03/15/20300.1%
Neuberger Berman Group LLC4.500% 03/15/20270.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
GS Mortgage Securities Corp Trust 2018-RIVR1.091% 07/15/20350.1%
Republic of Peru2.392% 01/23/20260.1%
Genesis Sales Finance Master Trust Series 2019-A4.680% 08/20/20230.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.625% 03/01/20290.1%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.1%
Jamestown CLO VII Ltd.1.515% 07/25/20270.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Mountain View CLO X Ltd1.044% 10/13/20270.1%
ENN Energy Holdings Ltd.2.625% 09/17/20300.1%
Towd Point Asset Trust 2018-SL10.749% 01/25/20460.1%
Temasek Financial I Ltd.2.500% 10/06/20700.1%
Healthcare Realty Trust, Inc.2.400% 03/15/20300.1%
CoStar Group, Inc.2.800% 07/15/20300.1%
Morgan Stanley3.625% 01/20/20270.1%
Cedar Funding VI CLO Ltd1.818% 10/20/20280.1%
COMM Mortgage Trust4.576% 07/10/20500.1%
American Credit Acceptance Receivables Trust 2020-1.650% 12/13/20230.1%
CSAIL 2016-C7 Commercial Mortgage Trust4.532% 11/15/20490.1%
Sysco Corp.6.600% 04/01/20400.1%
Sound Point Clo XV Ltd2.709% 01/23/20290.1%
Bank of America Corp.4.450% 03/03/20260.1%
Atrium Hotel Portfolio Trust 2018-ATRM1.091% 06/15/20350.1%
PFS Financing Corp.3.080% 02/15/20230.1%
Shackleton 2016-IX CLO Ltd2.118% 10/20/20280.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
Qatar Government International Bond5.103% 04/23/20480.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Avolon Holdings Funding Ltd4.250% 04/15/20260.1%
Coca-Cola Femsa SAB de CV1.850% 09/01/20320.1%
Univ of California Bd of Regents3.006% 05/15/20500.0%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.0%
Diamondback Energy, Inc.4.750% 05/31/20250.0%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.625% 01/15/20270.0%
CarMax Auto Owner Trust 2017-31.970% 04/15/20220.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.020% 11/15/20350.0%
Flagship Credit Auto Trust 2020-21.490% 07/15/20240.0%
CPS Auto Receivables Trust 2018-B4.260% 03/15/20240.0%
Westlake Automobile Receivables Trust 2019-23.060% 02/15/20230.0%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.0%
CNAC HK Finbridge Co Ltd3.875% 06/19/20290.0%
Northern Natural Gas4.300% 01/15/20490.0%
Pulte Group, Inc.6.375% 05/15/20330.0%
Palmer Square Loan Funding 2018-1 Ltd1.287% 04/15/20260.0%
Tralee CLO III Ltd1.248% 10/20/20270.0%
British Airways 2020-1 Class A Pass Through Trust4.250% 11/15/20320.0%
California7.300% 10/01/20390.0%
Adventist Health System/West2.952% 03/01/20290.0%
ALM VII Ltd3.787% 07/15/20290.0%
California Hlth Facs Fing Auth3.034% 06/01/20340.0%
DRB Prime Student Loan Trust3.200% 01/25/20400.0%
JB y Co SA de CV3.750% 05/13/20250.0%
South Carolina Electric & Gas Co.6.625% 02/01/20320.0%
Massachusetts Educational Financing Authority1.165% 04/25/20380.0%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.0%
Owens Corning4.300% 07/15/20470.0%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.0%
Neuberger Berman Group LLC4.875% 04/15/20450.0%
Carmax Auto Owner Trust 2020-12.340% 11/17/20250.0%
eBay, Inc.1.900% 03/11/20250.0%
Pepperdine University3.301% 12/01/20590.0%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.0%
Anglo American Capital plc3.625% 09/11/20240.0%
Minejesa Capital BV4.625% 08/10/20300.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Ford Credit Auto Owner Trust 2020-A1.030% 10/15/20220.0%
Avery Point CLO Ltd.1.815% 04/25/20260.0%
Palmer Square Loan Funding 2018-1 Ltd1.637% 04/15/20260.0%
GS Mortgage Securities Trust4.569% 07/10/20480.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.0%
Universal Health Services, Inc.5.000% 06/01/20260.0%
Drive Auto Receivables Trust4.160% 05/15/20240.0%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.0%
COMM Mortgage Trust4.576% 07/10/20500.0%
BBCMS 2019-BWAY Mortgage Trust1.451% 11/15/20340.0%
World Omni Auto Receivables Trust 2017-A1.930% 09/15/20220.0%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
Volkswagen Group of America Finance LLC3.350% 05/13/20250.0%
PHEAA Student Loan Trust I0.485% 04/25/20380.0%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.0%
Prosus NV3.680% 01/21/20300.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
Santander Retail Auto Lease Trust 2019-B2.290% 04/20/20220.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Citigroup Commercial Mortgage Trust1.335% 05/10/20470.0%
Pertamina Persero PT4.150% 02/25/20600.0%
Flagship Credit Auto Trust 2018-33.070% 02/15/20230.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Government National Mortgage Association2.900% 02/16/20530.0%
BlueMountain CLO 2015-2 Ltd1.148% 07/18/20270.0%
Galaxy XXI CLO Ltd1.238% 04/20/20310.0%
Palmer Square Loan Funding 2018-5 Ltd1.618% 01/20/20270.0%
Neuberger Berman CLO XIX Ltd1.037% 07/15/20270.0%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
Halcyon Loan Advisors Funding Ltd.2.365% 07/25/20270.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
WFRBS Commercial Mortgage Trust0.710% 10/15/20570.0%
Chesapeake Funding II LLC1.910% 08/15/20290.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
KKR CLO 18 Ltd3.818% 07/18/20300.0%
CPS Auto Receivables Trust6.580% 03/15/20220.0%
Csail Commercial Mortgage Trust4.329% 06/15/20570.0%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
Wheels SPV 2 LLC3.060% 04/20/20270.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Chesapeake Funding II LLC1.990% 05/15/20290.0%
COMM Mortgage Trust1.133% 08/10/20470.0%
Drive Auto Receivables Trust 2018-23.630% 08/15/20240.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
US 10YR ULTRA FUT MAR210.000% 03/31/20210.0%
US LONG BOND(CBT) MAR210.000% 03/31/20210.0%
US ULTRA BOND CBT MAR210.000% 03/31/20210.0%
Credit Index Swap1.000% 12/20/20250.0%
FX USD/JPY 02/210.000% 02/22/20210.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 01/15/2021
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2020 $0.01521 $11.34
Daily Daily 11/30/2020 $0.01653 $11.69
Daily Daily 10/31/2020 $0.01623 $11.56
Daily Daily 09/30/2020 $0.01869 $11.62
Daily Daily 08/31/2020 $0.02040 $11.64
Daily Daily 07/31/2020 $0.02196 $11.74
Daily Daily 06/30/2020 $0.02327 $11.52
Daily Daily 05/31/2020 $0.02342 $11.41
Daily Daily 04/30/2020 $0.02495 $11.35
Daily Daily 03/31/2020 $0.02479 $11.18
Daily Daily 02/29/2020 $0.02166 $11.45
Daily Daily 01/31/2020 $0.02139 $11.28

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2021
Daily Daily 02/28/2021
Daily Daily 03/31/2021
Daily Daily 04/30/2021
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2020 12/18/2020 $0.0916 $0.2796 $0.3712 $11.31
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2020

0.36%

Fund Documents

Fund Documents

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

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

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in fixed income securities, including market, credit, liquidity, and interest rate risk. The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest in Treasury Inflation Protected Securities and other inflation-indexed securities, which are subject to greater inflation rate and interest rate volatility. 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. These factors can affect Fund performance.

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.

 

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

 

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

 

The Barclays U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. 

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

 

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.

 

 

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.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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