LCRAX | Core Fixed Income Fund Class A | Lord Abbett
Image alt tag

Page not optimized for mobile browsing

DST vision is best viewed on desktop and tablet

The Muni-Ladder Interest Rate Scenario Tool is only available on desktop and tablet.

PROCEED GO TO LORDABBETT.COM

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)
View All Tracked Funds
View All Tracked Funds

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Check Out Go Literature Center

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

Core Fixed Income Fund

Daily price w/o sales charge as of 07/23/2021

$11.26

$0.00

YTD Returns w/o sales charge as of 07/23/2021

0.00%

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 07/23/2021  

w/o sales charge 1.43%
w/ sales charge 1.39%

30-Day Standardized Yield 2 as of 06/30/2021  

1.04%

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

Expense Ratioas of 06/30/2021

Fund Basicsas of 06/30/2021

Total Net Assets
$2.01 B
Inception Date
08/31/2000
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
349
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge -0.79% 1.68% 5.37% 3.02% 3.37% 4.82%
Lipper Category Avg. Core Bond Funds -1.09% 1.62% 5.58% 3.32% 3.49% -
Bloomberg Barclays U.S. Aggregate Bond Index -1.60% -0.33% 5.34% 3.03% 3.39% 4.79%
w/ sales charge -3.01% -0.65% 4.58% 2.54% 3.14% 4.71%

Fund Expense Ratio :

0.60%

Fund Expense Ratio :

0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge -0.79% 1.68% 5.37% 3.02% 3.37% 4.82%
Lipper Category Avg. Core Bond Funds -1.09% 1.62% 5.58% 3.32% 3.49% -
Bloomberg Barclays U.S. Aggregate Bond Index -1.60% -0.33% 5.34% 3.03% 3.39% 4.79%
w/ sales charge -3.01% -0.65% 4.58% 2.54% 3.14% 4.71%

Fund Expense Ratio :

0.60%

Returns with sales charges reflect a maximum sales charge of 2.25%.

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
ABS
MBS
CLO
CMBS
Corporates
Sovereign
Bank Loans
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 06/30/2021 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

Adam C. Castle
Adam C. Castle, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

19 Years of Industry Experience

Harris Trifon
Harris Trifon

Managing Director, Portfolio Manager

20 Years of Industry Experience

Supported By 62 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

Dividend Yield 1 as of 07/23/2021  

w/o sales charge 1.43%
w/ sales charge 1.39%

30-Day Standardized Yield 2 as of 06/30/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.04% 1.04%

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

Fund Expense Ratio :

0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge -0.79% 1.68% 5.37% 3.02% 3.37% 4.82%
Lipper Category Avg. Core Bond Funds -1.09% 1.62% 5.58% 3.32% 3.49% -
Bloomberg Barclays U.S. Aggregate Bond Index -1.60% -0.33% 5.34% 3.03% 3.39% 4.79%
w/ sales charge -3.01% -0.65% 4.58% 2.54% 3.14% 4.71%

Fund Expense Ratio :

0.60%

Fund Expense Ratio :

0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge -0.79% 1.68% 5.37% 3.02% 3.37% 4.82%
Lipper Category Avg. Core Bond Funds -1.09% 1.62% 5.58% 3.32% 3.49% -
Bloomberg Barclays U.S. Aggregate Bond Index -1.60% -0.33% 5.34% 3.03% 3.39% 4.79%
w/ sales charge -3.01% -0.65% 4.58% 2.54% 3.14% 4.71%

Fund Expense Ratio :

0.60%

Returns with sales charges reflect a maximum sales charge of 2.25%.

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 7.92% 7.51%
2019 7.83% 8.72%
2018 -0.43% 0.01%
2017 3.25% 3.54%
2016 2.71% 2.65%
2015 -0.54% 0.55%
2014 6.13% 5.97%
2013 -2.28% -2.02%
2012 5.84% 4.22%
2011 7.60% 7.84%
2010 6.66% -
2009 12.49% -
2008 1.12% -
2007 6.15% -
2006 3.97% -
2005 2.14% -
2004 3.71% -
2003 3.82% -
2002 9.30% -
2001 9.45% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -2.72% 1.98% - - 0.00%
2020 1.63% 3.62% 1.33% 1.14% 7.92%
2019 2.83% 2.89% 2.04% -0.12% 7.83%
2018 -1.39% -0.34% 0.03% 1.29% -0.43%
2017 0.85% 1.32% 0.75% 0.29% 3.25%
2016 2.65% 2.37% 0.75% -2.99% 2.71%
2015 1.36% -1.66% 0.62% -0.85% -0.54%
2014 2.10% 2.17% 0.12% 1.61% 6.13%
2013 0.00% -2.72% 0.36% 0.10% -2.28%
2012 1.11% 2.06% 1.97% 0.57% 5.84%
2011 0.58% 2.19% 3.56% 1.09% 7.60%
2010 2.16% 3.13% 2.67% -1.40% 6.66%
2009 2.40% 3.95% 5.43% 0.24% 12.49%
2008 1.19% -0.08% -1.27% 1.30% 1.12%
2007 1.36% -0.74% 2.79% 2.65% 6.15%
2006 -0.56% -0.27% 3.75% 1.06% 3.97%
2005 -0.20% 2.87% -0.90% 0.39% 2.14%
2004 2.37% -2.39% 2.96% 0.81% 3.71%
2003 1.18% 2.68% -0.26% 0.19% 3.82%
2002 0.00% 2.80% 3.86% 2.38% 9.30%
2001 3.27% 0.53% 5.03% 0.37% 9.45%
2000 - - - 4.71% 5.70%

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

Growth of $10,000 as of 06/30/2021

The chart begins on the Fund's inception date of 08/31/2000.

Based on a hypothetical Class A share investment of $10,000 on 08/31/2000 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
U.S. Government Related
ABS
MBS
CLO
CMBS
Corporates
Sovereign
Bank Loans
Other
Cash

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

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 06/30/2021

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 3/31/2021

  • Over the quarter, we added to the quality and liquidity of the portfolio by adding exposure to high-quality asset-backed securities (ABS) and U.S. Treasuries. We believe structures within the ABS space offering exposure to consumer and auto loans, credit cards, and student loans should be particularly well positioned to benefit from the slow return to normalcy and post-pandemic world.
  • We sold agency mortgage-backed securities (MBS) to fund the purchases of ABS and U.S. Treasuries. We believe that MBS valuations are rich to full after the boom in the U.S. housing industry during social distancing, caused by increased demand and depressed supply.
  • We also decreased the portfolio’s allocation to investment grade corporate bonds as we believe valuations on specific issues are full.
  • While there are short-term volatility risks stemming from COVID-19, we believe economic fundamentals will have an upward trajectory in 2021 as vaccinations gradually reopen the economy and latent demand, dormant services, and consumer spending all begin to normalize to pre-pandemic levels. With the U.S. Federal Reserve’s new approach to monetary policy, an anchored short end of the yield curve, negative real yields, and very low volatility, the demand for risk can be very strong.

Portfolio Details as of 06/30/2021

Total Net Assets
$2.01 B
Number of Issues
349
Average Coupon
1.97%
Average Life
6.64 Years
Average Maturity
6.64 Years
Average Effective Duration
6.24 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.

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
United States Treasury Note/Bond 0.750% 03/31/2026 9.8%
United States Treasury Note/Bond 0.375% 04/15/2024 9.4%
United States Treasury Bill 0.000% 10/21/2021 7.9%
United States Treasury Bill 0.000% 07/29/2021 6.4%
30-YR UMBS-TBA PROD JUL 3.500% 05/01/2049 3.1%
United States Treasury Note/Bond 1.125% 05/15/2040 3.1%
United States Treasury Note/Bond 1.625% 05/15/2031 2.9%
30-YR UMBS-TBA PROD JUL 2.500% 09/01/2050 2.3%
30-YR GNMA II-TBA PROD JUL 2.500% 08/01/2050 2.0%
30-YR UMBS-TBA PROD JUL 3.000% 02/01/2050 1.9%
% of Total Assets 48.8%
Holding Coupon Maturity Assets
United States Treasury Note/Bond0.750% 03/31/202610.0%
United States Treasury Note/Bond0.375% 04/15/20249.4%
United States Treasury Bill0.000% 10/21/20217.9%
United States Treasury Bill0.000% 07/29/20216.4%
30-YR UMBS-TBA PROD JUN3.500% 05/01/20495.6%
United States Treasury Note/Bond1.125% 05/15/20403.2%
30-YR UMBS-TBA PROD JUN2.500% 09/01/20502.3%
United States Treasury Note/Bond0.625% 08/15/20302.1%
30-YR GNMA II-TBA PROD JUN2.500% 08/01/20502.0%
United States Treasury Note/Bond1.125% 02/29/20281.5%
Toyota Auto Receivables 2021-A Owner Trust0.160% 07/17/20231.0%
Province of Ontario Canada3.400% 10/17/20231.0%
United States Treasury Note/Bond1.625% 11/15/20500.9%
30-YR UMBS-TBA PROD JUN3.000% 02/01/20500.9%
Ford Credit Auto Lease Trust 2021-A0.190% 07/15/20230.8%
Mercedes-Benz Auto Lease Trust 2021-A0.180% 03/15/20230.8%
World Omni Auto Receivables Trust 2021-A0.170% 02/15/20240.8%
Carmax Auto Owner Trust 2021-10.220% 02/15/20240.7%
Fannie Mae Pool3.500% 09/01/20470.7%
Santander Drive Auto Receivables Trust 2021-10.290% 11/15/20230.6%
AT&T Inc4.300% 02/15/20300.6%
JPMorgan Chase & Co3.782% 02/01/20280.5%
Diamondback Energy Inc4.750% 05/31/20250.5%
Boeing Co/The4.875% 05/01/20250.5%
Citigroup Inc2.666% 01/29/20310.5%
Japan Finance Organization for Municipalities2.000% 04/21/20220.5%
Continental Finance Credit Card ABS Master Trust2.240% 12/15/20280.5%
Biogen Inc2.250% 05/01/20300.4%
New York City Transitional Fin Auth2.690% 05/01/20330.4%
General Motors Co6.600% 04/01/20360.4%
Fannie Mae Pool3.500% 03/01/20500.4%
CARLYLE US CLO 2021-1 LTD1.331% 04/15/20340.4%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.4%
CIFC Funding 2021-I Ltd1.246% 04/25/20330.4%
Citigroup Inc3.887% 01/10/20280.4%
National Fuel Gas Co3.950% 09/15/20270.4%
Bayer US Finance II LLC3.875% 12/15/20230.4%
Flagship Credit Auto Trust 2021-21.270% 06/15/20270.4%
General Electric Co3.514% 06/15/21990.4%
Ally Financial Inc8.000% 11/01/20310.4%
Wells Fargo Bank NA5.850% 02/01/20370.4%
Boeing Co/The5.040% 05/01/20270.3%
Pacific Gas and Electric Co4.550% 07/01/20300.3%
Cedar Funding XIV CLO Ltd0.000% 07/15/20330.3%
Kayne CLO 10 Ltd1.367% 04/23/20340.3%
AerCap Ireland Capital DAC / AerCap Global Aviatio3.875% 01/23/20280.3%
Bank of America Corp2.687% 04/22/20320.3%
Carvana Auto Receivables Trust 2021-N20.970% 03/10/20280.3%
Westlake Automobile Receivables Trust 2020-20.930% 02/15/20240.3%
Cimarex Energy Co3.900% 05/15/20270.3%
Bayer US Finance II LLC4.375% 12/15/20280.3%
ENI SpA5.700% 10/01/20400.3%
AbbVie Inc4.250% 11/21/20490.3%
Dryden Senior Loan Fund1.646% 04/15/20280.3%
Kraft Heinz Foods Co3.750% 04/01/20300.3%
Nelnet Student Loan Trust 2021-A1.360% 04/20/20620.3%
American Campus Communities Operating Partnership3.875% 01/30/20310.3%
Great Wolf Trust 2019-WOLF1.135% 12/15/20360.3%
Qatar Government International Bond4.000% 03/14/20290.3%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.3%
Lending Funding Trust 2020-22.320% 04/21/20310.3%
HCA Inc5.500% 06/15/20470.3%
ME Funding LLC 2019-16.448% 07/30/20490.3%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
Arbor Realty Collateralized Loan Obligation Ltd1.500% 05/15/20360.3%
Alcon Finance Corp2.600% 05/27/20300.3%
NVR Inc3.000% 05/15/20300.3%
Flagship Credit Auto Trust 2021-10.310% 06/16/20250.3%
Bank of America Corp3.593% 07/21/20280.3%
Palmer Square CLO Ltd0.000% 07/15/20340.3%
Continental Resources Inc/OK4.900% 06/01/20440.3%
AT&T Inc3.500% 09/15/20530.3%
Dryden Senior Loan Fund2.226% 04/15/20280.3%
Avolon Holdings Funding Ltd5.250% 05/15/20240.3%
Dell Equipment Finance Trust 2019-21.910% 10/22/20240.3%
Diamondback Energy Inc3.500% 12/01/20290.3%
BX Trust 2018-GW0.901% 05/15/20350.3%
Dryden 61 Clo Ltd1.180% 01/17/20320.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.2%
CIFC Funding Ltd0.000% 07/15/20330.2%
Bank of America Corp4.250% 10/22/20260.2%
Time Warner Cable LLC7.300% 07/01/20380.2%
OCP CLO 2019-16 Ltd1.188% 04/10/20330.2%
Kayne CLO III Ltd1.656% 04/15/20320.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.057% 07/05/20330.2%
JPMorgan Chase & Co2.580% 04/22/20320.2%
WEA Finance LLC2.875% 01/15/20270.2%
Credit Suisse Mortgage Capital Certificates 2019-I1.701% 05/15/20360.2%
Regeneron Pharmaceuticals Inc1.750% 09/15/20300.2%
Kayne CLO 7 Ltd1.390% 04/17/20330.2%
Eaton Vance CLO 2013-1 Ltd1.434% 01/15/20340.2%
Macquarie Bank Ltd3.052% 03/03/20360.2%
VMware Inc4.700% 05/15/20300.2%
TCI-Flatiron CLO 2016-1 Ltd1.340% 01/17/20320.2%
Park Aerospace Holdings Ltd5.500% 02/15/20240.2%
Churchill Downs Incorporated2.113% 03/10/20280.2%
IPALCO Enterprises Inc4.250% 05/01/20300.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
PSEG Power LLC8.625% 04/15/20310.2%
Saudi Government International Bond3.250% 10/26/20260.2%
SCF Equipment Leasing 2021-1 LLC1.540% 10/21/20300.2%
Halliburton Co5.000% 11/15/20450.2%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.2%
Encina Equipment Finance 2021-1 LLC1.690% 11/15/20270.2%
Apache Corp4.750% 04/15/20430.2%
Starwood Mortgage Residential Trust 2020-31.486% 04/25/20650.2%
Horizon Pharma Inc.2.500% 02/26/20280.2%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.2%
Ford Motor Co7.450% 07/16/20310.2%
Ohio Edison Co8.250% 10/15/20380.2%
Cox Communications Inc8.375% 03/01/20390.2%
Freeport-McMoRan Inc4.625% 08/01/20300.2%
Genesis Sales Finance Master Trust2.240% 09/22/20250.2%
NGPL Pipeco LLC3.250% 07/15/20310.2%
Country Garden Holdings Co Ltd5.125% 01/17/20250.2%
Westlake Automobile Receivables Trust 2020-33.340% 06/15/20260.2%
Kayne CLO 5 Ltd1.526% 07/24/20320.2%
CIFC Funding 2013-II Ltd1.686% 10/18/20300.2%
COMM 2014-UBS4 Mortgage Trust4.712% 08/10/20470.2%
NRG Energy Inc3.625% 02/15/20310.2%
Upstart Securitization Trust 2021-21.750% 06/20/20310.2%
Vista Point Securitization Trust 2020-11.763% 03/25/20650.2%
Emera US Finance LP4.750% 06/15/20460.2%
Aviation Capital Group LLC1.950% 01/30/20260.2%
Glencore Finance Canada Ltd5.550% 10/25/20420.2%
Shackleton 2019-XIV Clo Ltd2.088% 07/20/20300.2%
Ford Credit Auto Owner Trust 2020-B0.500% 02/15/20230.2%
Halliburton Co7.450% 09/15/20390.2%
Bimbo Bakeries USA Inc4.000% 05/17/20510.2%
Netflix Inc6.375% 05/15/20290.2%
Anglo American Capital plc4.750% 04/10/20270.2%
Ooredoo International Finance Ltd3.750% 06/22/20260.2%
ENN Clean Energy International Investment Ltd3.375% 05/12/20260.2%
Nvent Finance Sarl4.550% 04/15/20280.2%
Dell International LLC / EMC Corp.6.020% 06/15/20260.2%
Macquarie Group Ltd4.654% 03/27/20290.2%
Ball Corp2.875% 08/15/20300.2%
CSC Holdings LLC6.500% 02/01/20290.2%
BAT Capital Corp4.390% 08/15/20370.2%
Octagon Investment Partners 48 Ltd1.688% 10/20/20310.2%
Elmwood CLO VIII Ltd1.356% 01/20/20340.2%
NOV Inc3.600% 12/01/20290.2%
COMM 2015-PC1 Mortgage Trust4.321% 07/10/20500.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
Meituan3.050% 10/28/20300.2%
BAT Capital Corp3.557% 08/15/20270.2%
ALM VII Ltd2.034% 07/15/20290.2%
Verus Securitization Trust 2020-41.502% 05/25/20650.2%
Parallel 2015-1 Ltd1.038% 07/20/20270.2%
Prosus NV3.832% 02/08/20510.2%
Glencore Funding LLC2.850% 04/27/20310.2%
GCAT 2020-NQM2 Trust1.555% 04/25/20650.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Barings CLO Ltd 2019-III1.722% 04/20/20310.2%
Shackleton 2015-VIII CLO Ltd2.888% 10/20/20270.1%
Verus Securitization Trust 2020-INV11.977% 04/25/20600.1%
KKR CLO 29 Ltd1.341% 01/15/20320.1%
BMW Vehicle Owner Trust 2020-A0.390% 02/27/20230.1%
AerCap Ireland Capital DAC / AerCap Global Aviatio3.500% 01/15/20250.1%
Credit Suisse Mortgage Capital Certificates1.616% 04/25/20650.1%
World Financial Network Credit Card Master Trust3.460% 07/15/20250.1%
AES Corp/The3.950% 07/15/20300.1%
Ellington Financial Mortgage Trust 2020-12.006% 05/25/20650.1%
Marble Point CLO XVII Ltd1.488% 04/20/20330.1%
JPMBB Commercial Mortgage Securities Trust4.267% 07/15/20480.1%
N/A0.000% 07/20/20340.1%
PulteGroup Inc6.375% 05/15/20330.1%
COMM 2015-DC1 Mortgage Trust4.307% 02/10/20480.1%
Mariner Finance Issuance Trust 2021-A3.830% 03/20/20360.1%
VMware Inc3.900% 08/21/20270.1%
Capital One Multi-Asset Execution Trust0.734% 05/15/20280.1%
Mountain View CLO 2017-1 LLC1.274% 10/16/20290.1%
Suzano Austria GmbH3.750% 01/15/20310.1%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.1%
Perimeter Master Note Business Trust4.310% 12/15/20220.1%
Dell International LLC / EMC Corp.8.350% 07/15/20460.1%
Octagon Investment Partners 29 Ltd1.356% 01/24/20330.1%
Oracle Corp2.875% 03/25/20310.1%
Charter Communications Operating LLC3.500% 06/01/20410.1%
Netflix Inc4.875% 06/15/20300.1%
Citigroup Inc2.561% 05/01/20320.1%
JPMorgan Chase & Co3.960% 01/29/20270.1%
National Australia Bank Ltd2.990% 05/21/20310.1%
Kookmin Bank1.750% 05/04/20250.1%
Hardee's Funding LLC4.959% 06/20/20480.1%
JPMorgan Chase & Co4.600% 12/31/20990.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.401% 06/15/20320.1%
JD.com Inc3.375% 01/14/20300.1%
Deephaven Residential Mortgage Trust 2020-21.692% 05/25/20650.1%
Hyundai Auto Receivables Trust 2017-A2.530% 11/15/20230.1%
Apidos CLO XXXV1.249% 04/20/20340.1%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.1%
Hudsons Bay Simon JV Trust 2015-HBS4.666% 08/05/20340.1%
SLC Student Loan Trust 2008-11.784% 12/15/20320.1%
KKR CLO 18 Ltd1.890% 07/18/20300.1%
Saudi Arabian Oil Co2.875% 04/16/20240.1%
Hilton Orlando Trust 2018-ORL1.021% 12/15/20340.1%
Northwell Healthcare Inc3.979% 11/01/20460.1%
Navient Corp6.750% 06/15/20260.1%
Lendmark Funding Trust3.410% 11/20/20310.1%
Crowdstrike Holdings Inc3.000% 02/15/20290.1%
Freeport-McMoRan Inc4.125% 03/01/20280.1%
DBWF 2018-GLKS Mortgage Trust1.127% 12/19/20300.1%
Palmer Square Loan Funding 2020-1 Ltd0.955% 02/20/20280.1%
GM Financial Consumer Automobile Receivables Trust3.210% 10/16/20230.1%
Twilio Inc3.875% 03/15/20310.1%
SURA Asset Management SA4.875% 04/17/20240.1%
Western Midstream Operating LP4.350% 02/01/20250.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 04/01/20290.1%
NRG Energy Inc5.250% 06/15/20290.1%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Antofagasta PLC2.375% 10/14/20300.1%
Minejesa Capital BV4.625% 08/10/20300.1%
SK Hynix Inc2.375% 01/19/20310.1%
British Airways 2020-1 Class A Pass Through Trust4.250% 11/15/20320.1%
DaVita Inc3.750% 02/15/20310.1%
Coca-Cola Femsa SAB de CV1.850% 09/01/20320.1%
Bank of America Corp4.000% 01/22/20250.1%
Bank of America Corp3.970% 03/05/20290.1%
OneMain Finance Corp6.125% 03/15/20240.1%
Oracle Corp6.125% 07/08/20390.1%
Occidental Petroleum Corp2.700% 02/15/20230.1%
Volkswagen Auto Loan Enhanced Trust 2020-10.930% 12/20/20220.1%
UBS AG5.125% 05/15/20240.1%
Legacy LifePoint Health LLC4.375% 02/15/20270.1%
Calpine Corp5.000% 02/01/20310.1%
Bayer Corp6.650% 02/15/20280.1%
Ford Credit Auto Owner Trust 2021-REV11.910% 10/17/20330.1%
Pennsylvania Electric Co3.600% 06/01/20290.1%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.1%
Skyworks Solutions Inc3.000% 06/01/20310.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
California Republic Auto Receivables Trust 2018-13.560% 03/15/20230.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
New Jersey Educational Facilities Authority3.836% 09/01/20360.1%
Mountain View CLO 2014-1 Ltd2.184% 10/15/20260.1%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
CPS Auto Receivables Trust 2020-B1.150% 07/17/20230.1%
JPMorgan Chase & Co3.540% 05/01/20280.1%
Foothill-Eastern Transportation Corridor Agency4.094% 01/15/20490.1%
Hudsons Bay Simon JV Trust 2015-HBS5.159% 08/05/20340.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
CF Trust 2019-BOSS4.750% 12/15/20210.1%
Goldman Sachs Group Inc/The6.750% 10/01/20370.1%
Baidu Inc2.375% 10/09/20300.1%
CSMC Series 2019-UVIL3.160% 12/15/20410.1%
BBCMS 2019-BWAY Mortgage Trust1.057% 11/15/20340.1%
Foursight Capital Automobile Receivables Trust 2013.680% 08/15/20230.1%
BAT Capital Corp4.700% 04/02/20270.1%
New Jersey Educational Facilities Authority3.636% 09/01/20290.1%
VeriSign Inc2.700% 06/15/20310.1%
Mountain View CLO X Ltd1.538% 10/13/20270.1%
Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
CSAIL 2016-C7 Commercial Mortgage Trust4.389% 11/15/20490.1%
Baidu Inc3.075% 04/07/20250.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Honda Auto Receivables 2020-2 Owner Trust0.740% 11/15/20220.1%
GS Mortgage Securities Corp Trust 2018-RIVR1.051% 07/15/20350.1%
Hyundai Auto Receivables Trust 2017-B1.960% 02/15/20230.1%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.1%
Oglethorpe Power Corp5.950% 11/01/20390.1%
Freddie Mac Multifamily Structured Pass Through Ce2.145% 02/25/20320.1%
CommonSpirit Health3.347% 10/01/20290.1%
Neuberger Berman Group LLC / Neuberger Berman Fina4.500% 03/15/20270.1%
COMM 2015-PC1 Mortgage Trust4.321% 07/10/20500.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.625% 03/01/20290.1%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.1%
Morgan Stanley3.625% 01/20/20270.1%
Atrium Hotel Portfolio Trust 2018-ATRM1.051% 06/15/20350.1%
CoStar Group Inc2.800% 07/15/20300.1%
Capital Auto Receivables Asset Trust 2018-23.690% 12/20/20230.1%
Temasek Financial I Ltd2.500% 10/06/20700.1%
Bank of America Corp4.450% 03/03/20260.1%
Shackleton 2016-IX CLO Ltd2.088% 10/20/20280.1%
Avolon Holdings Funding Ltd4.250% 04/15/20260.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.020% 11/15/20350.1%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.1%
Flagship Credit Auto Trust 2018-33.590% 12/16/20240.1%
PFP 2019-6 Ltd1.148% 04/14/20370.1%
Mountain View CLO X Ltd1.008% 10/13/20270.0%
Towd Point Asset Trust 2018-SL10.692% 01/25/20460.0%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.625% 01/15/20270.0%
Neuberger Berman CLO XX Ltd0.984% 01/15/20280.0%
CPS Auto Receivables Trust 2018-B4.260% 03/15/20240.0%
Qatar Government International Bond5.103% 04/23/20480.0%
Regents of the University of California Medical Ce3.006% 05/15/20500.0%
Flagship Credit Auto Trust 2020-21.490% 07/15/20240.0%
ALM VII Ltd3.734% 07/15/20290.0%
Drive Auto Receivables Trust 2017-23.490% 09/15/20230.0%
Kraft Heinz Foods Co4.875% 10/01/20490.0%
Kraft Heinz Foods Co4.375% 06/01/20460.0%
World Omni Auto Receivables Trust 2018-B2.870% 07/17/20230.0%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.0%
Carmax Auto Owner Trust 2020-12.340% 11/17/20250.0%
Owens Corning4.300% 07/15/20470.0%
Neuberger Berman Group LLC / Neuberger Berman Fina4.875% 04/15/20450.0%
Massachusetts Educational Financing Authority1.126% 04/25/20380.0%
Anglo American Capital plc3.625% 09/11/20240.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.0%
GS Mortgage Securities Trust 2015-GC324.422% 07/10/20480.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
COMM 2015-PC1 Mortgage Trust4.321% 07/10/20500.0%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.0%
Universal Health Services Inc5.000% 06/01/20260.0%
BBCMS 2019-BWAY Mortgage Trust1.411% 11/15/20340.0%
DRB Prime Student Loan Trust 2015-D3.200% 01/25/20400.0%
County of Miami-Dade FL2.786% 10/01/20370.0%
JFIN CLO 2014 Ltd1.638% 04/21/20250.0%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.0%
Pennsylvania Higher Education Assistance Agency0.446% 04/25/20380.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
American Credit Acceptance Receivables Trust 2020-1.650% 12/13/20230.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.0%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.0%
Galaxy XXI CLO Ltd1.208% 04/20/20310.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Citigroup Commercial Mortgage Trust1.159% 05/10/20470.0%
Halcyon Loan Advisors Funding Ltd.2.326% 07/25/20270.0%
Drive Auto Receivables Trust 2017-A4.160% 05/15/20240.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Exeter Automobile Receivables Trust 2020-21.130% 08/15/20230.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.0%
BlueMountain CLO 2015-2 Ltd1.120% 07/18/20270.0%
WFRBS Commercial Mortgage Trust0.562% 10/15/20570.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
KKR CLO 18 Ltd3.790% 07/18/20300.0%
Avery Point IV CLO Ltd1.776% 04/25/20260.0%
Csail 2015-C2 Commercial Mortgage Trust4.188% 06/15/20570.0%
Government National Mortgage Association2.900% 02/16/20530.0%
Ford Credit Auto Owner Trust 2020-A1.030% 10/15/20220.0%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.0%
Commercial Mortgage Backed Index Swap0.000% 08/17/20610.0%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.0%
CPS Auto Receivables Trust 2016-B6.580% 03/15/20220.0%
Commercial Mortgage Backed Index Swap0.000% 08/17/20610.0%
COMM 2014-CCRE19 Mortgage Trust0.969% 08/10/20470.0%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.0%
Commercial Mortgage Backed Index Swap0.000% 08/17/20610.0%
Santander Retail Auto Lease Trust 2019-B2.290% 04/20/20220.0%
Commercial Mortgage Backed Index Swap0.000% 08/17/20610.0%
Commercial Mortgage Backed Index Swap0.000% 08/17/20610.0%
Commercial Mortgage Backed Index Swap0.000% 08/17/20610.0%
Westlake Automobile Receivables Trust 2019-23.060% 02/15/20230.0%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.0%
US 10YR NOTE (CBT)SEP210.000% 09/30/20210.0%
US 10YR ULTRA FUT SEP210.000% 09/30/20210.0%
US 5YR NOTE (CBT) SEP210.000% 10/05/20210.0%
US LONG BOND(CBT) SEP210.000% 09/30/20210.0%
US ULTRA BOND CBT SEP210.000% 09/30/20210.0%
US 2YR NOTE (CBT) SEP210.000% 10/05/20210.0%
Credit Index Swap1.000% 06/20/20260.0%

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 07/23/2021
$0.069
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 06/30/2021 $0.01338 $11.18
Daily Daily 05/31/2021 $0.01305 $11.10
Daily Daily 04/30/2021 $0.01109 $11.08
Daily Daily 03/31/2021 $0.01060 $11.00
Daily Daily 02/28/2021 $0.01059 $11.14
Daily Daily 01/31/2021 $0.01119 $11.29

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
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

Sales Charge Schedule as of 07/23/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $11.52
$100,000 to $249,999 1.75% 1.50% $11.46
$250,000 to $499,999 1.25% 1.00% $11.40
$500,000 to $999,999 0.00% 1.00% $11.26
$1,000,000 to $5,000,000 0.00% 1.00% $11.26

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 06/30/2021

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
n/a
Portfolio Holdings 1Q
Publish Date:11/03/2015
n/a
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
n/a
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
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
 Quantity
Quantity
 Remove
Remove

*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.

+

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.

 

5

The 30-day Standardized Subsidized yield reflects fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

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.

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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.

 

 

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.

 

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.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field