LOPLX | Core Plus Bond Fund Class F3 | Lord Abbett

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(as of 12/05/2015)

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Core Plus Bond Fund

Summary

Summary

What is the Core Plus Bond Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing in a wide range of fixed income securities, including U.S. investment grade and high yield corporate bonds, mortgage-backed, asset-backed, and government-related securities, with select allocations to non-U.S. (including emerging market) debt securities.

 

Yield

Dividend Yield 1 as of 01/14/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.86% 2.74%

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

  Subsidized3 Un-Subsidized4
w/o sales charge 2.30% 2.27%

Fund Basicsas of 12/31/2021

Total Net Assets
$408.09 M
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.50%
Fund Net Expense Ratio
0.38%
Number of Holdings
540

Fund Expense Ratio :

Gross 0.50%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.89% 0.89% 6.06% 4.47% - 4.58%
Lipper Category Avg. Core Plus Bond Funds -0.86% -0.86% 5.75% 4.09% - -
Bloomberg U.S. Aggregate Bond Index -1.54% -1.54% 4.79% 3.57% - -

Fund Expense Ratio :

Gross 0.50%

Net 0.38%

Fund Expense Ratio :

Gross 0.50%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.89% 0.89% 6.06% 4.47% - 4.58%
Lipper Category Avg. Core Plus Bond Funds -0.86% -0.86% 5.75% 4.09% - -
Bloomberg U.S. Aggregate Bond Index -1.54% -1.54% 4.79% 3.57% - -

Fund Expense Ratio :

Gross 0.50%

Net 0.38%

Type Assets
U.S. Government Related
Investment Grade Corporate
High Yield Corporate
CMBS
ABS
CLO
MBS
Bank Loans
Sovereign
Other
Cash
Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

Credit Quality Distribution as of 12/31/2021 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

27 Years of Industry Experience

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

Partner & Portfolio Manager

23 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

20 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

30 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Managing Director, Portfolio Manager

13 Years of Industry Experience

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

Partner & Portfolio Manager

20 Years of Industry Experience

Harris Trifon
Harris Trifon

Managing Director, Portfolio Manager

21 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 01/14/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.86% 2.74%

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

  Subsidized5 Un-Subsidized6
w/o sales charge 2.30% 2.27%

Fund Expense Ratio :

Gross 0.50%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.89% 0.89% 6.06% 4.47% - 4.58%
Lipper Category Avg. Core Plus Bond Funds -0.86% -0.86% 5.75% 4.09% - -
Bloomberg U.S. Aggregate Bond Index -1.54% -1.54% 4.79% 3.57% - -

Fund Expense Ratio :

Gross 0.50%

Net 0.38%

Fund Expense Ratio :

Gross 0.50%

Net 0.38%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.89% 0.89% 6.06% 4.47% - 4.58%
Lipper Category Avg. Core Plus Bond Funds -0.86% -0.86% 5.75% 4.09% - -
Bloomberg U.S. Aggregate Bond Index -1.54% -1.54% 4.79% 3.57% - -

Fund Expense Ratio :

Gross 0.50%

Net 0.38%

Portfolio

Portfolio

Rating Assets
U.S. Government Related
Investment Grade Corporate
High Yield Corporate
CMBS
ABS
CLO
MBS
Bank Loans
Sovereign
Other
Cash
Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

Credit Quality Distribution as of 12/31/2021

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Portfolio Positioningas of 9/30/2021

  • Over the quarter, we added risk exposure to the portfolio’s commercial mortgage-backed securities (CMBS) allocation. The additions to CMBS in the portfolio have been focused on floating rate single-asset, single-borrower deals with high quality tenants in strong geographic areas. CMBS offer more attractive value relative to corporate bonds, in our view. This securitized asset class delivers attractive carry and has been supported by economic growth and a supportive Federal Government. However, in-depth due diligence is essential as geography matters and rent roll analysis is key. That said, our team continues to identify idiosyncratic opportunities in the CMBS markets.
  • We also increased the portfolio’s allocation to mortgage-backed securities (MBS). Specifically, we have added to RMBS warehouse deals which we believe to have attractive relative value and spread pick-up.
  • We have also added to the Fund’s U.S. Treasury allocation to increase the liquidity and quality within the portfolio.
  • While the portfolio’s allocation to high yield corporate bonds decreased over the period, the decrease is not a signal of a negative view on the asset class as we remain constructive on below investment grade corporate bonds. However, we have funded investments in securitized products with select high yield bond sales.

Portfolio Details as of 12/31/2021

Total Net Assets
$408.09 M
Number of Issues
540
Average Coupon
3.16%
Average Life
6.73 Years
Average Maturity
6.7 Years
Average Effective Duration
5.96 Years
Average Modified Duration
6.27 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 01/14/2022
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2021 $0.03603 $15.36
Daily Daily 11/30/2021 $0.03326 $15.37
Daily Daily 10/31/2021 $0.03293 $15.40
Daily Daily 09/30/2021 $0.03501 $15.44
Daily Daily 08/31/2021 $0.03636 $15.59
Daily Daily 07/31/2021 $0.03508 $15.62
Daily Daily 06/30/2021 $0.03956 $15.51
Daily Daily 05/31/2021 $0.04164 $15.40
Daily Daily 04/30/2021 $0.04364 $15.37
Daily Daily 03/31/2021 $0.04248 $15.25
Daily Daily 02/28/2021 $0.04025 $15.43
Daily Daily 01/31/2021 $0.04033 $15.61

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2022
Daily Daily 02/28/2022
Daily Daily 03/31/2022
Daily Daily 04/30/2022
Daily Daily 05/31/2022
Daily Daily 06/30/2022
Daily Daily 07/31/2022
Daily Daily 08/31/2022
Daily Daily 09/30/2022
Daily Daily 10/31/2022
Daily Daily 11/30/2022
Daily Daily 12/31/2022

Yield

Yield

Dividend Yield as of 01/14/2022  

  Subsidized Un-Subsidized
w/o sales charge 2.86% 2.74%

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

Subsidized Un-Subsidized
2.30% 2.27%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
0.50% 0.38%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Fund Story
Publish Date:11/03/2015
Publish Date:11/03/2015

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Class F3 - The inception date for Class F3 shares is April 4, 2017. The performance quotations for Class F3 are based on the following methods of calculation: (a) for periods prior to April 4, 2017,  performance is based on the historical performance of the Fund’s Class R6 shares, which have an equivalent expense ratio to the Fund’s F3 shares; and (b) for periods after April 4, 2017, actual Class F3 performance is used, which reflects all charges and fees applicable to Class F3 shares.

Class F3 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

The Bloomberg 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. 

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