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Core Plus Bond Fund

Daily price w/o sales charge as of 07/18/2018

$14.68

$0.00

YTD Returns w/o sales charge as of 07/18/2018

-1.04%

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 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 07/18/2018  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.17% 2.34%

30-Day Standardized Yield 2 as of 06/30/2018  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.87% 2.40%

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

Fund Basicsas of 06/29/2018

Total Net Assets
$13.37 M
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.30%
Fund Net Expense Ratio
0.47%
Number of Holdings
436
CUSIP
54401E242

Fund Expense Ratio :

Gross 2.30%

Net 0.47%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.44% 0.30% - - - 3.42%
Lipper Category Avg. Core Plus Bond Funds -1.74% -0.34% - - - -
Bloomberg Barclays U.S. Universal Index -1.67% -0.27% - - - -

Fund Expense Ratio :

Gross 2.30%

Net 0.47%

Fund Expense Ratio :

Gross 2.30%

Net 0.47%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.44% 0.30% - - - 3.42%
Lipper Category Avg. Core Plus Bond Funds -1.74% -0.34% - - - -
Bloomberg Barclays U.S. Universal Index -1.67% -0.27% - - - -

Fund Expense Ratio :

Gross 2.30%

Net 0.47%

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 of future results.

Type Assets
ABS
Investment Grade Corporate
MBS
High Yield Corporate
CMBS
U.S. Government Related
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
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 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 06/29/2018 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

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

24 Years of Industry Experience

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

Partner & Portfolio Manager

20 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

17 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

27 Years of Industry Experience

Supported By 60 Investment Professionals with 15 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 07/18/2018  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.17% 2.34%

30-Day Standardized Yield 2 as of 06/30/2018  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.87% 2.40%

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

Fund Expense Ratio :

Gross 2.30%

Net 0.47%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.44% 0.30% - - - 3.42%
Lipper Category Avg. Core Plus Bond Funds -1.74% -0.34% - - - -
Bloomberg Barclays U.S. Universal Index -1.67% -0.27% - - - -

Fund Expense Ratio :

Gross 2.30%

Net 0.47%

Fund Expense Ratio :

Gross 2.30%

Net 0.47%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.44% 0.30% - - - 3.42%
Lipper Category Avg. Core Plus Bond Funds -1.74% -0.34% - - - -
Bloomberg Barclays U.S. Universal Index -1.67% -0.27% - - - -

Fund Expense Ratio :

Gross 2.30%

Net 0.47%

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 of future results.

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

Portfolio

Portfolio

Rating Assets
ABS
Investment Grade Corporate
MBS
High Yield Corporate
CMBS
U.S. Government Related
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
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 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 06/29/2018

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

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 Positioningas of 3/31/2018

  • We remain generally optimistic that the U.S. economy will continue to grow at a moderate pace, given the implementation of tax cuts, prospects of deregulation, and strong economic fundamentals. However, given the current valuations and the potential for increased volatility, we continue to closely monitor the risks to the portfolio. We are seeking carry-oriented and idiosyncratic opportunities that would provide a diversified source of return to the portfolio.
  • We increased the portfolio’s exposure to high quality asset-backed securities (ABS), specifically backed by credit cards, auto loans, and equipment, as we believe they provide liquidity and present unique opportunities to find pockets of relative value and attractive risk-adjusted spread. We reduced the portfolio’s exposure to U.S. Treasuries in order to take advantage of more attractive investments in other sectors.
  • We increased the portfolio’s allocation to investment grade corporate bonds. During the recent market volatility, we found this area of the market attractive, given spread widening. We moderately increased the portfolio’s positioning to names that we believe have attractive valuations and positive credit fundamentals, specifically the financials sector, which continues to offer defensive exposure and good credit quality, amid stricter regulations and better underwriting standards. We also continue to find areas of opportunity in the high yield sector, specifically within the industrials, energy, and consumer cyclical areas.
  • We increased the portfolio’s allocation to high quality agency mortgage-backed securities (MBS), which appeared especially attractive relative to other sectors, following the uptick in volatility during the quarter. However, we continue to closely monitor the sector given the U.S. Federal Reserve’s plan to systematically unwind its balance sheet, which has the potential to further increase interest rate volatility.

Portfolio Details as of 06/29/2018

Total Net Assets
$13.37 M
Number of Issues
436
Average Coupon
4.22%
Average Life
7.79 Years
Average Maturity
7.79 Years
Average Effective Duration
5.46 Years
Average Modified 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 Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Modified Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates. Duration is expressed as a number of years, and generally, the larger a portfolio’s duration, the greater the interest-rate risk or reward for underlying bond prices. Where applicable, securities, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs and ADRs and futures, are excluded from these calculations.

Holding Coupon Maturity Assets
FNMA Conventional Long T. 30yr 4.500% 05/31/2047 8.7%
FNMA Conventional Long T. 30yr 4.000% 04/30/2047 6.6%
Dryden 38 Senior Loan Fund 3.778% 07/15/2027 1.9%
Shackleton 2014-VI CLO 3.513% 07/17/2026 1.9%
U.S. Treasury Note/Bond 2.500% 05/31/2020 1.7%
U.S. Treasury Note/Bond 2.500% 06/30/2020 1.6%
Japan Bank for International Cooperation/Japan 2.375% 11/16/2022 1.5%
Access Point Funding I 2017-1 LLC 3.060% 04/15/2029 1.1%
Citigroup, Inc. 3.887% 01/10/2028 1.0%
Bank of America Corp. 3.824% 01/20/2028 1.0%
% of Total Assets 27.0%

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.

Holding Coupon Maturity Assets
FNMA Conventional Long T. 30yr4.500% 05/31/20478.5%
FNMA Conventional Long T. 30yr4.000% 04/30/20476.4%
Dryden 38 Senior Loan Fund3.778% 07/15/20271.9%
Shackleton 2014-VI CLO3.513% 07/17/20261.9%
Japan Bank for International Cooperation/Japan2.375% 11/16/20221.4%
Access Point Funding I 2017-1 LLC3.060% 04/15/20291.1%
Citigroup, Inc.3.887% 01/10/20281.0%
Bank of America Corp.3.824% 01/20/20280.9%
Federal Home Loan Mortgage Corp.4.000% 08/01/20470.9%
Chesapeake Funding II LLC1.880% 06/15/20280.9%
Missouri Higher Education Loan Authority2.790% 01/26/20260.8%
AT&T, Inc.6.000% 08/15/20400.8%
BBCMS Trust4.197% 08/10/20350.8%
Province of Alberta Canada3.300% 03/15/20280.7%
ACC Trust 2018-14.820% 05/20/20210.7%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.7%
ACC Trust 2018-13.700% 12/21/20200.7%
Citibank Credit Card Issuance Trust1.740% 01/19/20210.7%
Foursight Capital Automobile Receivables Trust 2012.850% 08/16/20210.7%
Chase Issuance Trust1.620% 07/15/20200.7%
Barclays Dryrock Issuance Trust 2015-41.720% 08/16/20210.7%
Synchrony Credit Card Master Note Trust2.040% 03/15/20220.7%
Credit Suisse Mortgage Capital Certificates3.811% 11/15/20340.7%
FNMA Conventional Long T. 30yr3.500% 05/31/20470.7%
Discover Card Execution Note Trust1.640% 07/15/20210.7%
Hyundai Auto Lease Securitization Trust 2017-C1.890% 03/16/20200.7%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.7%
PFS Financing Corp.2.890% 02/15/20230.7%
Leaf Receivables Funding 12 LLC2.070% 08/15/20200.7%
DLL Securitization Trust 2017-A2.430% 11/17/20250.7%
SoFi Professional Loan Program 2017-E LLC2.720% 11/26/20400.7%
Kinder Morgan, Inc.7.750% 01/15/20320.7%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.7%
Chesapeake Funding II LLC2.110% 03/15/20280.7%
Engs Commercial Finance Trust 2018-12.970% 02/22/20210.7%
Province of Ontario, Canada2.200% 10/03/20220.7%
Chesapeake Funding II LLC1.910% 08/15/20290.7%
CVS Caremark Corp.4.300% 03/25/20280.7%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.7%
Chesapeake Funding II LLC1.990% 05/15/20290.7%
Synchrony Credit Card Master Note Trust2.620% 10/15/20250.7%
Navient Student Loan Trust 2017-23.010% 12/27/20660.6%
Eni USA Inc7.300% 11/15/20270.6%
COMM Mortgage Trust4.441% 07/10/20500.6%
U.S. Treasury Note/Bond2.750% 05/31/20230.6%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.6%
Universal Health Services, Inc.5.000% 06/01/20260.6%
General Motors Co.6.600% 04/01/20360.6%
Pacific Gas & Electric Co.6.050% 03/01/20340.5%
AmeriCredit Automobile Receivables Trust2.860% 12/09/20190.5%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.5%
Diamond Resorts Owner Trust4.110% 10/22/20290.5%
Dell International LLC / EMC Corp6.020% 06/15/20260.5%
BX Commercial Mortgage Trust 2018-BIOA2.590% 03/15/20370.5%
Wells Fargo Commercial Mortgage Trust4.290% 07/15/20460.5%
Hyundai Auto Lease Securitization Trust 2016-B1.520% 10/15/20190.5%
Nvent Finance Sarl4.550% 04/15/20280.5%
American International Group, Inc.4.700% 07/10/20350.5%
Ford Motor Co.7.450% 07/16/20310.4%
Province of Quebec, Canada2.375% 01/31/20220.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
Time Warner Cable LLC6.550% 05/01/20370.4%
VEREIT Operating Partnership L.P.3.950% 08/15/20270.4%
21st Century Fox America, Inc.7.750% 12/01/20450.4%
U.S. Treasury Note/Bond3.625% 02/15/20440.4%
Wells Fargo Capital X5.950% 12/15/20360.4%
JPMorgan Chase & Co.3.782% 02/01/20280.4%
Boston Properties, Inc.3.200% 01/15/20250.4%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.4%
Macquarie Group Ltd.4.654% 03/27/20290.4%
Comcast Corp.3.150% 03/01/20260.4%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.4%
U.S. Treasury Note/Bond2.750% 02/15/20280.4%
BMW Vehicle Owner Trust 2018-A2.090% 11/25/20200.4%
Comm 2014-UBS2 Mortgage Trust4.199% 03/10/20470.4%
World Financial Network Credit Card Master Trust2.310% 08/15/20240.4%
COMM Mortgage Trust4.441% 07/10/20500.4%
Drive Auto Receivables Trust5.150% 08/15/20220.4%
WFRBS Commercial Mortgage Trust4.893% 08/15/20450.4%
WFRBS Commercial Mortgage Trust4.336% 03/15/20480.4%
COMM Mortgage Trust4.349% 12/10/20470.4%
World Financial Network Credit Card Master Trust3.140% 01/17/20230.4%
Wells Fargo Commercial Mortgage Trust4.131% 05/15/20480.4%
Valero Energy Corp.10.500% 03/15/20390.4%
GS Mortgage Securities Trust4.510% 11/10/20470.4%
Verizon Communications, Inc.4.862% 08/21/20460.4%
Exelon Generation Co. LLC5.600% 06/15/20420.3%
Dominion Resources, Inc.7.000% 06/15/20380.3%
Kerr-McGee Corp.7.875% 09/15/20310.3%
Hilton Orlando Trust 2018-ORL2.689% 12/15/20340.3%
Conn's Receivables Funding 2017-B LLC2.730% 07/15/20200.3%
PHEAA Student Loan Trust I2.630% 04/25/20380.3%
Diamond Resorts Owner Trust2.990% 05/22/20280.3%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.3%
Daimler Trucks Retail Trust 2018-12.600% 05/15/20200.3%
Foursight Capital Automobile Receivables Trust 2012.870% 10/15/20210.3%
California Republic Auto Receivables Trust2.530% 06/15/20210.3%
Anheuser-Busch InBev Finance, Inc.4.700% 02/01/20360.3%
National Oilwell Varco, Inc.2.600% 12/01/20220.3%
VEREIT Operating Partnership L.P.3.000% 02/06/20190.3%
American Credit Acceptance Receivables Trust 2018-2.720% 03/10/20210.3%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc6.750% 06/15/20220.3%
U.S. Treasury Note/Bond3.125% 05/15/20480.3%
United Rentals, Inc.4.875% 01/15/20280.3%
General Electric Co.6.150% 08/07/20370.3%
Santander UK plc7.950% 10/26/20290.3%
Protective Life Corp.8.450% 10/15/20390.3%
EPR Properties5.250% 07/15/20230.3%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.3%
Navient Corp.6.750% 06/25/20250.3%
Government National Mortgage Association2.700% 08/16/20580.3%
Energy Transfer Partners LP6.125% 12/15/20450.3%
BX Trust 2018-GW2.700% 05/15/20350.3%
Glencore Finance Canada Ltd.5.550% 10/25/20420.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.3%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.3%
Government National Mortgage Association2.750% 02/16/20580.2%
Mercedes-Benz Auto Lease Trust 2018-A2.200% 04/15/20200.2%
Goldman Sachs Group, Inc.6.750% 10/01/20370.2%
Government National Mortgage Association2.700% 04/16/20570.2%
US Cellular Corp.6.700% 12/15/20330.2%
Rain CII Carbon LLC7.250% 04/01/20250.2%
Government National Mortgage Association2.600% 06/16/20570.2%
Florida Gas Transmission Co., LLC4.350% 07/15/20250.2%
HudBay Minerals, Inc.7.625% 01/15/20250.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
J.P. Morgan Chase Commercial Mortgage Securities T3.369% 10/15/20330.2%
Charter Communications Operating LLC6.484% 10/23/20450.2%
Dell International LLC / EMC Corp.8.350% 07/15/20460.2%
California Republic Auto Receivables Trust 2017-11.900% 03/15/20210.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.2%
Assurant, Inc.4.900% 03/27/20280.2%
Sirius XM Radio, Inc.5.000% 08/01/20270.2%
Santander Drive Auto Receivables Trust 2018-12.100% 11/16/20200.2%
TCF Auto Receivables Owner Trust3.530% 03/15/20220.2%
World Financial Network Credit Card Master Trust1.980% 06/15/20230.2%
Province of Ontario, Canada2.500% 09/10/20210.2%
California Resources Corp.8.000% 12/15/20220.2%
Xilinx, Inc.2.950% 06/01/20240.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Tesla Motors, Inc.5.300% 08/15/20250.2%
Bombardier, Inc.7.500% 03/15/20250.2%
AmeriCredit Automobile Receivables Trust2.180% 06/08/20200.2%
Hilton Orlando Trust 2018-ORL3.619% 12/15/20340.2%
Caesars Palace Las Vegas Trust 2017-VICI4.354% 10/15/20340.2%
CBRE Services, Inc.4.875% 03/01/20260.2%
MSCI, Inc.5.750% 08/15/20250.2%
MGM Resorts International6.000% 03/15/20230.2%
Gulfstream Natural Gas System LLC4.600% 09/15/20250.2%
Anheuser-Busch InBev Worldwide, Inc.4.000% 04/13/20280.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
Citigroup Commercial Mortgage Trust 2017-P83.789% 09/15/20500.2%
Con-way, Inc.6.700% 05/01/20340.2%
Aquarion Co.4.000% 08/15/20240.2%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Federal Home Loan Mortgage Corp.3.444% 12/25/20270.2%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.2%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic7.875% 12/15/20240.2%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor3.337% 12/15/20270.2%
Vodafone Group plc4.375% 05/30/20280.2%
Morgan Stanley3.625% 01/20/20270.2%
Community Health Systems, Inc.8.000% 11/15/20190.2%
William Lyon Homes, Inc.5.875% 01/31/20250.2%
Kraft Heinz Foods Co.6.875% 01/26/20390.2%
HCA, Inc.5.500% 06/15/20470.2%
Drive Auto Receivables Trust3.910% 05/17/20210.2%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.2%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.2%
Continental Resources, Inc.4.900% 06/01/20440.2%
Rockies Express Pipeline LLC6.875% 04/15/20400.2%
Oracle Corp.6.125% 07/08/20390.2%
MEG Energy Corp.6.375% 01/30/20230.2%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.2%
Canadian Natural Resources Ltd.3.850% 06/01/20270.2%
BWAY Holding Co.7.250% 04/15/20250.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Quicken Loans Inc5.250% 01/15/20280.2%
Leidos, Inc.7.125% 07/01/20320.2%
DISH DBS Corp.7.750% 07/01/20260.2%
Enterprise Products Operating LLC5.750% 03/01/20350.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
CarMax Auto Owner Trust2.440% 11/16/20200.2%
Solera Finance, Inc.10.500% 03/01/20240.2%
Ford Credit Floorplan Master Owner Trust A2.160% 09/15/20220.2%
Weight Watchers International, Inc.8.625% 12/01/20250.2%
Cenovus Energy, Inc.5.400% 06/15/20470.2%
T-Mobile USA, Inc.6.500% 01/15/20260.2%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.2%
BANK 2018-BNK103.898% 02/15/20610.2%
Popular, Inc.7.000% 07/01/20190.2%
Maple Escrow Subsidiary Inc4.597% 05/25/20280.2%
Century Aluminum Co.7.500% 06/01/20210.2%
Sirius XM Radio, Inc.6.000% 07/15/20240.2%
Helmerich & Payne International Drilling Co.4.650% 03/15/20250.2%
UTEX Industries5.980% 05/22/20210.2%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.2%
Burlington Northern Santa Fe LLC5.750% 05/01/20400.2%
Ahern Rentals, Inc.7.375% 05/15/20230.2%
Vistra Energy Corp7.625% 11/01/20240.2%
AMC Networks, Inc.4.750% 12/15/20220.2%
Crosby Group (KKR)4.953% 11/22/20200.2%
Intelsat Connect Finance SA12.500% 04/01/20220.2%
York Risk Services5.730% 10/01/20210.2%
Jason6.800% 06/30/20210.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Peak 10 Holding Corp9.608% 08/01/20250.2%
Conn's, Inc.7.250% 07/15/20220.2%
Pulte Group, Inc.5.500% 03/01/20260.2%
Cablevision Systems Corp.5.875% 09/15/20220.2%
Weight Watchers International, Inc.6.989% 11/29/20240.1%
Eldorado Resorts, Inc.6.000% 04/01/20250.1%
WellCare Health Plans, Inc.5.250% 04/01/20250.1%
Men's Wearhouse, Inc.7.000% 07/01/20220.1%
Goodman US Finance Three LLC3.700% 03/15/20280.1%
Maple Escrow Subsidiary Inc5.085% 05/25/20480.1%
American Axle & Manufacturing, Inc.6.250% 04/01/20250.1%
Calpine Corporation4.480% 01/15/20250.1%
South Carolina Electric & Gas Co.6.050% 01/15/20380.1%
Amgen, Inc.6.400% 02/01/20390.1%
Continental Resources, Inc.3.800% 06/01/20240.1%
BakerCorp5.359% 02/07/20200.1%
Barrick North America Finance LLC7.500% 09/15/20380.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Comcast Corp.3.969% 11/01/20470.1%
Polaris Intermediate Corp8.500% 12/01/20220.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
AV Homes, Inc.6.625% 05/15/20220.1%
CEC Entertainment, Inc.8.000% 02/15/20220.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.750% 02/15/20260.1%
Drive Auto Receivables Trust3.020% 11/15/20210.1%
Westlake Automobile Receivables Trust 2017-21.800% 07/15/20200.1%
Pulte Group, Inc.7.875% 06/15/20320.1%
Hillman Group, Inc.6.375% 07/15/20220.1%
Sanchez Energy Corp.6.125% 01/15/20230.1%
Colonial Pipeline Co.4.250% 04/15/20480.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Macquarie Bank Ltd.6.625% 04/07/20210.1%
Morgan Stanley4.000% 07/23/20250.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
Summit Materials LLC5.125% 06/01/20250.1%
HCA, Inc.7.500% 11/06/20330.1%
Santander Drive Auto Receivables Trust2.650% 08/17/20200.1%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.1%
Dow Chemical Co.9.400% 05/15/20390.1%
Scotts Miracle-Gro Co.6.000% 10/15/20230.1%
Sealed Air Corp.5.500% 09/15/20250.1%
Netflix, Inc.5.750% 03/01/20240.1%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
BAT Capital Corp3.557% 08/15/20270.1%
Enbridge Energy Partners L.P.5.133% 10/01/20370.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.000% 12/01/20240.1%
Transocean Proteus Ltd.6.250% 12/01/20240.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di6.625% 05/15/20220.1%
Alexandria Real Estate Equities, Inc.3.950% 01/15/20280.1%
Monitronics International, Inc.9.125% 04/01/20200.1%
Team Health Holdings, Inc.6.375% 02/01/20250.1%
CIT Group, Inc.6.000% 04/01/20360.1%
Government National Mortgage Association2.700% 07/16/20570.1%
CNO Financial Group, Inc.5.250% 05/30/20250.1%
BJ's Wholesale Club, Inc.5.423% 02/03/20240.1%
California Republic Auto Receivables Trust 2016-11.890% 05/15/20200.1%
Prime Security Services Borrower LLC / Prime Finan9.250% 05/15/20230.1%
First Investors Auto Owner Trust2.410% 12/15/20220.1%
Engs Commercial Finance Trust2.310% 10/22/20210.1%
Brink's Co/The4.625% 10/15/20270.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Freeport-McMoRan, Inc.3.875% 03/15/20230.1%
IRB Holding Corp6.750% 02/15/20260.1%
TNT Crane and Rigging6.802% 11/27/20200.1%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Frontier Communications Corp.11.000% 09/15/20250.1%
Government National Mortgage Association2.650% 11/16/20500.1%
SPX FLOW, Inc.5.625% 08/15/20240.1%
Carnival plc7.875% 06/01/20270.1%
BlueLine Rental Finance Corp. / BlueLine Rental LL9.250% 03/15/20240.1%
Edison International4.125% 03/15/20280.1%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The2.769% 01/15/20330.1%
Chemours Co.7.000% 05/15/20250.1%
Citigroup, Inc.4.450% 09/29/20270.1%
Almonde, Inc.9.557% 06/13/20250.1%
International Paper Co.7.300% 11/15/20390.1%
SunTrust Auto Receivables Trust1.780% 01/15/20210.1%
Navient Corp.6.625% 07/26/20210.1%
Equinix, Inc.5.875% 01/15/20260.1%
Government National Mortgage Association2.750% 02/16/20580.1%
Quality Distribution, Inc.10.802% 08/18/20230.1%
Navios Maritime Acq Corp./Fin US Inc.8.125% 11/15/20210.1%
Vodafone Group plc5.250% 05/30/20480.1%
WPX Energy, Inc.5.250% 09/15/20240.1%
Drive Auto Receivables Trust2.610% 08/16/20210.1%
AmeriCredit Automobile Receivables Trust 2015-32.080% 09/08/20200.1%
New York and Presbyterian Hospital/The4.063% 08/01/20560.1%
Santander Drive Auto Receivables Trust 2017-21.600% 03/16/20200.1%
Jacobs Entertainment, Inc.7.875% 02/01/20240.1%
DLL Securitization Trust 2017-A1.500% 11/15/20180.1%
Mercedes-Benz Auto Receivables Trust 2016-11.260% 02/16/20210.1%
Aleris International, Inc.9.500% 04/01/20210.1%
Navios Maritime Holdings, Inc. / Navios Maritime F7.375% 01/15/20220.1%
Norbord, Inc.6.250% 04/15/20230.1%
California Republic Auto Receivables Trust 2016-21.560% 07/15/20200.1%
Netflix, Inc.4.375% 11/15/20260.1%
Drive Auto Receivables Trust 2017-21.820% 06/15/20200.1%
Valeant Pharmaceuticals International, Inc.5.625% 12/01/20210.1%
Drive Auto Receivables Trust4.160% 05/15/20240.1%
OM Asset Management plc4.800% 07/27/20260.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
GM Financial Automobile Leasing Trust 2016-31.610% 12/20/20190.1%
Goldman Sachs Group, Inc.4.223% 05/01/20290.1%
Citgo Holding, Inc.10.750% 02/15/20200.1%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.1%
Peabody Energy Corp.6.375% 03/31/20250.1%
Government National Mortgage Association2.600% 07/16/20580.1%
Community Health Systems, Inc.6.250% 03/31/20230.1%
Expedia, Inc.5.000% 02/15/20260.1%
Caesars Palace Las Vegas Trust 2017-VICI4.354% 10/15/20340.1%
CCUBS Commercial Mortgage Trust 2017-C13.907% 11/15/20500.1%
EPR Properties4.750% 12/15/20260.1%
CarMax Auto Owner Trust 2014-32.290% 06/15/20200.1%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.1%
First Investors Auto Owner Trust2.720% 04/17/20230.1%
EPR Properties4.950% 04/15/20280.1%
Flagship Credit Auto Trust 2017-31.880% 10/15/20210.1%
AK Steel Corp.7.000% 03/15/20270.1%
JPMBB Commercial Mortgage Securities Trust4.307% 07/15/20480.1%
Lincoln National Corp.6.300% 10/09/20370.1%
Ascentium Equipment Receivables 2017-1 Trust1.870% 07/10/20190.1%
Vulcan Materials Co.4.700% 03/01/20480.1%
Energy Transfer Partners LP7.500% 07/01/20380.1%
COMM Mortgage Trust4.441% 07/10/20500.1%
Acadia Healthcare Co., Inc.5.625% 02/15/20230.1%
Kaiser Foundation Hospitals4.150% 05/01/20470.1%
American International Group, Inc.4.800% 07/10/20450.1%
Morgan Stanley3.875% 01/27/20260.1%
California Republic Auto Receivables Trust2.660% 08/17/20200.1%
Cedar Fair L.P. / Canada's Wonderland Co. / Magnum5.375% 04/15/20270.1%
National Oilwell Varco, Inc.3.950% 12/01/20420.1%
Reynolds American, Inc.5.700% 08/15/20350.1%
AmeriCredit Automobile Receivables Trust 2017-31.690% 12/18/20200.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
TI Group Automotive Systems LLC8.750% 07/15/20230.1%
Dell International LLC / EMC Corp.5.450% 06/15/20230.1%
Cleco Power LLC6.000% 12/01/20400.1%
Drive Auto Receivables Trust2.510% 01/15/20210.1%
Bayer Corp6.650% 02/15/20280.1%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.1%
Bank of America Corp.4.450% 03/03/20260.1%
Amcor Finance USA Inc4.500% 05/15/20280.1%
CarMax Auto Owner Trust2.080% 01/15/20200.1%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.1%
Dell International LLC / EMC Corp7.125% 06/15/20240.1%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.1%
Flagship Credit Auto Trust2.380% 10/15/20200.1%
Viking Cruises Ltd.5.875% 09/15/20270.1%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.1%
Teva Pharmaceutical Finance Netherlands III BV2.200% 07/21/20210.1%
Kinross Gold Corp.5.950% 03/15/20240.1%
SM Energy Co.6.500% 01/01/20230.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
South Carolina Electric & Gas Co.6.625% 02/01/20320.1%
Canadian Pacific Railway Co.4.000% 06/01/20280.1%
Bank of America Corp.4.000% 01/22/20250.1%
Ally Auto Receivables Trust 2017-51.810% 06/15/20200.1%
Goodman US Finance Four LLC4.500% 10/15/20370.1%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.1%
PPL Corp.5.200% 07/15/20410.1%
GM Financial Automobile Leasing Trust 2017-21.720% 01/21/20200.1%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Toronto-Dominion Bank3.625% 09/15/20310.1%
Halcon Resources Corp.6.750% 02/15/20250.0%
Central Garden & Pet Co.5.125% 02/01/20280.0%
Unum Group5.750% 08/15/20420.0%
Precision Drilling Corp.7.750% 12/15/20230.0%
Republic of Argentina4.625% 01/11/20230.0%
American Credit Acceptance Receivables Trust 2017-1.820% 03/10/20200.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
American Credit Acceptance Receivables Trust 2016-6.090% 05/12/20220.0%
Dell International LLC / EMC Corp3.480% 06/01/20190.0%
Ascension Health3.945% 11/15/20460.0%
Forterra, Inc.4.980% 10/25/20230.0%
Drive Auto Receivables Trust2.200% 05/15/20200.0%
Pennsylvania5.350% 05/01/20300.0%
Valvoline, Inc.5.500% 07/15/20240.0%
Pharmaceutical Product Development LLC6.375% 08/01/20230.0%
Building Materials Corp. of America6.000% 10/15/20250.0%
MGM Growth Properties Operating Partnership LP / M5.625% 05/01/20240.0%
Honda Auto Receivables 2016-2 Owner Trust1.390% 04/15/20200.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
Physicians Realty L.P.4.300% 03/15/20270.0%
Rent-A-Center, Inc.4.750% 05/01/20210.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Grinding Media, Inc. / MC Grinding Media Canada, I7.375% 12/15/20230.0%
Acadia Healthcare Co., Inc.6.500% 03/01/20240.0%
Koppers, Inc.6.000% 02/15/20250.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Drive Auto Receivables Trust2.370% 11/16/20200.0%
Ford Credit Auto Owner Trust1.040% 09/15/20190.0%
Valeant Pharmaceuticals International, Inc.7.500% 07/15/20210.0%
Mercedes-Benz Auto Receivables Trust1.340% 12/16/20190.0%
GM Financial Consumer Automobile 2017-12.300% 06/16/20230.0%
Santander Drive Auto Receivables Trust2.600% 11/16/20200.0%
First Investors Auto Owner Trust 2016-21.530% 11/16/20200.0%
MPH Acquisition Holdings LLC7.125% 06/01/20240.0%
HudBay Minerals, Inc.7.250% 01/15/20230.0%
NYU Hospitals Center4.368% 07/01/20470.0%
Honda Auto Receivables Trust1.040% 04/18/20190.0%
Americredit Automobile Receivables Trust 2016-41.340% 04/08/20200.0%
Credit Index Swap5.000% 06/20/20230.0%
CarMax Auto Owner Trust1.210% 11/15/20190.0%
Ascentium Equipment Receivables 2016-2 Trust1.460% 04/10/20190.0%
California Republic Auto Receivables Trust 2015-42.040% 01/15/20200.0%
CNH Equipment Trust1.050% 11/15/20190.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
US 10YR ULTRA FUT SEP180.000% 09/28/20180.0%
US LONG BOND(CBT) SEP180.000% 09/28/20180.0%
US 2YR NOTE (CBT) SEP180.000% 10/03/20180.0%
US 10YR NOTE (CBT)SEP180.000% 09/28/20180.0%
US 5YR NOTE (CBT) SEP180.000% 10/03/20180.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Commercial Mortgage Backed Index Swap0.500% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.500% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.500% 09/17/20580.0%
Credit Index Swap1.000% 06/20/2023-0.1%
Commercial Mortgage Backed Index Swap0.500% 09/17/2058-0.1%
Commercial Mortgage Backed Index Swap0.350% 09/17/2058-0.1%
Commercial Mortgage Backed Index Swap0.500% 09/17/2058-0.1%

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 07/18/2018
$0.291
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 06/30/2018 $0.05100 $14.65
Daily Daily 05/31/2018 $0.05007 $14.72
Daily Daily 04/30/2018 $0.05364 $14.72
Daily Daily 03/31/2018 $0.04752 $14.84
Daily Daily 02/28/2018 $0.04506 $14.86
Daily Daily 01/31/2018 $0.04432 $15.03

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 07/31/2018
Daily Daily 08/31/2018
Daily Daily 09/30/2018
Daily Daily 10/31/2018
Daily Daily 11/30/2018
Daily Daily 12/31/2018

Fees & Expenses

Fees & Expenses

Expense Ratioas of 06/30/2018

Fund Gross Expense Ratio Fund Net Expense Ratio
2.30% 0.47%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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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

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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 debt 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 high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance. The fund performance history at this time is very limited; therefore, performance achieved during its initial period of investment operation may not be replicated over longer periods and may not be indicative of how the Fund will perform in the future. Past performance is no guarantee of future results.

 

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.

 

 

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.

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 Bloomberg Barclays U.S. Universal Index represents the union of the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index. Municipal debt, private placements, and non-dollar-denominated issues are excluded from the Universal Index. The only constituent of the index that includes floating-rate debt is the Emerging Markets Index.

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.

 

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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