Corporate Bond Fund
Daily price w/o sales charge as of 05/20/2022
$8.75
$0.03
YTD Returns w/o sales charge as of 05/20/2022
-12.96%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Dividend Yield as of 05/20/2022
Subsidized | Un-Subsidized | |
---|---|---|
w/o sales charge | 2.98% | 0.99% |
30-Day Standardized Yield as of 04/30/2022
Subsidized | Un-Subsidized | |
---|---|---|
w/o sales charge | 3.12% | 0.00% |
Fund Basicsas of 03/31/2022
- Total Net Assets
- $7.19 M
- Inception Date
- 04/20/2017
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 3.07%
- Fund Net Expense Ratio
- 1.08%
- Number of Holdings
- 147
Type | Assets |
---|---|
Investment Grade Corporate | |
Bank Loans | |
High Yield Corporate | |
U.S. Government Related | |
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 |
CREDIT QUALITY DISTRIBUTION as of 03/31/2022 View Portfolio
Rating | Assets |
---|---|
U.S. Treasury | |
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




Your Representative
To contact your representative, enter your zip code and select your channel below.
Performance
Performance
Dividend Yield 1 as of 05/20/2022
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 2.98% | 0.99% |
30-Day Standardized Yield 2 as of 04/30/2022
Subsidized5 | Un-Subsidized6 | |
---|---|---|
w/o sales charge | 3.12% | 0.00% |
Fund Expense Ratio :
Gross 3.07%
Net 1.08%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/19/2017 |
---|
w/o sales charge | -12.30% | -9.92% | 0.60% | 1.49% | - | 1.41% |
Lipper Category Avg. Corporate Debt Funds BBB-Rated | -11.72% | -9.85% | 1.08% | 1.88% | - | - |
Bloomberg US Corp Investment Grade Index | -12.73% | -10.43% | 0.93% | 1.97% | - | 1.90% |
Fund Expense Ratio :
Gross 3.07%
Net 1.08%
Fund Expense Ratio :
Gross 3.07%
Net 1.08%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/19/2017 |
---|
w/o sales charge | -7.56% | -4.00% | 2.62% | - | - | 2.52% |
Lipper Category Avg. Corporate Debt Funds BBB-Rated | -7.08% | -4.06% | 3.00% | - | - | - |
Bloomberg US Corp Investment Grade Index | -7.69% | -4.20% | 3.02% | - | - | 3.09% |
Fund Expense Ratio :
Gross 3.07%
Net 1.08%
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 US Corp Investment Grade Index |
---|
2021 | -0.35% | -1.04% |
2020 | 8.96% | 9.89% |
2019 | 12.49% | 14.54% |
2018 | -3.33% | -2.51% |
2017 | 3.64% | 6.42% |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2022 | -7.56% | - | - | - | - |
2021 | -4.05% | 3.63% | 0.05% | 0.16% | -0.35% |
2020 | -6.43% | 10.24% | 2.04% | 3.51% | 8.96% |
2019 | 4.47% | 3.89% | 2.63% | 0.99% | 12.49% |
2018 | -2.10% | -1.32% | 0.65% | -0.59% | -3.33% |
2017 | - | - | 1.29% | 1.25% | 3.64% |
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Type | Assets |
---|---|
Investment Grade Corporate | |
Bank Loans | |
High Yield Corporate | |
U.S. Government Related | |
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 |
CREDIT QUALITY DISTRIBUTION as of 03/31/2022
Rating | Assets |
---|---|
U.S. Treasury | |
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 Details as of 03/31/2022
- Total Net Assets
- $7.19 M
- Number of Issues
- 147
- Average Coupon
- 4.01%
- Average Life
- 9.79 Years
- Average Effective Duration
- 7.94 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 |
---|
Bank of America Corp | 3.593% | 07/21/2028 | 2.7% |
Morgan Stanley | 4.431% | 01/23/2030 | 1.9% |
Citigroup Inc | 3.668% | 07/24/2028 | 1.8% |
Seminole Tribe of Florida Inc | 2.207% | 07/08/2024 | 1.7% |
AT&T Inc | 3.500% | 09/15/2053 | 1.7% |
Southwestern Energy Co | 3.301% | 06/22/2027 | 1.7% |
Bank of New York Mellon Corp/The | 2.661% | 05/16/2023 | 1.7% |
JPMorgan Chase & Co | 2.580% | 04/22/2032 | 1.6% |
Broadcom Inc | 4.150% | 11/15/2030 | 1.6% |
Charter Communications Operating LLC / Charter Communications Operating Capital | 6.484% | 10/23/2045 | 1.5% |
Holding | Coupon | Maturity | Assets |
---|
Bank of America Corp | 3.593% | 07/21/2028 | 2.7% |
Morgan Stanley | 4.431% | 01/23/2030 | 1.9% |
Citigroup Inc | 3.668% | 07/24/2028 | 1.8% |
Seminole Tribe of Florida Inc | 2.207% | 07/08/2024 | 1.7% |
AT&T Inc | 3.500% | 09/15/2053 | 1.7% |
Southwestern Energy Co | 3.301% | 06/22/2027 | 1.7% |
Bank of New York Mellon Corp/The | 2.661% | 05/16/2023 | 1.7% |
JPMorgan Chase & Co | 2.580% | 04/22/2032 | 1.6% |
Broadcom Inc | 4.150% | 11/15/2030 | 1.6% |
Charter Communications Operating LLC / Charter Communications Operating Capital | 6.484% | 10/23/2045 | 1.5% |
Avolon TLB Borrower 1 US LLC | 2.750% | 12/01/2027 | 1.5% |
Macquarie Group Ltd | 4.654% | 03/27/2029 | 1.4% |
Hilton Worldwide Finance LLC | 2.207% | 06/22/2026 | 1.4% |
T-Mobile USA Inc | 3.500% | 04/15/2031 | 1.4% |
British Airways 2020-1 Class A Pass Through Trust | 4.250% | 05/15/2034 | 1.3% |
JBS USA LUX SA | 2.804% | 05/01/2026 | 1.3% |
Wells Fargo & Co | 2.393% | 06/02/2028 | 1.3% |
Dell International LLC / EMC Corp | 6.020% | 06/15/2026 | 1.3% |
Cigna Corp | 6.125% | 11/15/2041 | 1.3% |
Pacific Gas and Electric Co | 4.550% | 07/01/2030 | 1.1% |
Piedmont Natural Gas Co Inc | 2.500% | 03/15/2031 | 1.1% |
Goldman Sachs Group Inc/The | 6.750% | 10/01/2037 | 1.1% |
Continental Resources Inc/OK | 5.750% | 01/15/2031 | 1.1% |
Bank of Montreal | 3.803% | 12/15/2032 | 1.1% |
Citigroup Inc | 2.561% | 05/01/2032 | 1.1% |
Verizon Communications Inc | 2.355% | 03/15/2032 | 1.0% |
Bayer Corp | 6.650% | 02/15/2028 | 1.0% |
Oracle Corp | 6.125% | 07/08/2039 | 1.0% |
Delos Finance Sarl | 2.756% | 10/06/2023 | 1.0% |
Setanta Aircraft Leasing DAC | 3.006% | 11/05/2028 | 1.0% |
Westpac Banking Corp | 4.110% | 07/24/2034 | 1.0% |
EPR Properties | 4.950% | 04/15/2028 | 0.9% |
Oracle Corp | 5.375% | 07/15/2040 | 0.9% |
Bank of America Corp | 2.687% | 04/22/2032 | 0.9% |
New York Life Insurance Co | 4.450% | 05/15/2069 | 0.9% |
Freeport-McMoRan Inc | 4.625% | 08/01/2030 | 0.9% |
Qorvo Inc | 4.375% | 10/15/2029 | 0.9% |
Eni USA Inc | 7.300% | 11/15/2027 | 0.8% |
Eastern Gas Transmission & Storage Inc | 3.000% | 11/15/2029 | 0.8% |
American Airlines 2021-1 Class A Pass Through Trust | 2.875% | 01/11/2036 | 0.8% |
United States Treasury Note/Bond | 1.875% | 02/15/2032 | 0.8% |
Halliburton Co | 7.450% | 09/15/2039 | 0.8% |
General Motors Co | 6.750% | 04/01/2046 | 0.8% |
Puget Energy Inc | 4.100% | 06/15/2030 | 0.8% |
BankUnited Inc | 5.125% | 06/11/2030 | 0.8% |
Ally Financial Inc | 8.000% | 11/01/2031 | 0.8% |
National Fuel Gas Co | 3.950% | 09/15/2027 | 0.8% |
Constellation Energy Generation LLC | 6.250% | 10/01/2039 | 0.7% |
Georgia Power Co | 4.750% | 09/01/2040 | 0.7% |
Aviation Capital Group LLC | 1.950% | 01/30/2026 | 0.7% |
VeriSign Inc | 4.750% | 07/15/2027 | 0.7% |
Air Lease Corp | 3.125% | 12/01/2030 | 0.7% |
nVent Finance Sarl | 4.550% | 04/15/2028 | 0.7% |
Vistra Operations Co LLC | 3.550% | 07/15/2024 | 0.7% |
NOV Inc | 3.600% | 12/01/2029 | 0.7% |
Comcast Hulu Holdings LLC | 0.000% | 03/15/2024 | 0.7% |
GLP Capital LP / GLP Financing II Inc | 5.750% | 06/01/2028 | 0.7% |
Fluor Corp | 4.250% | 09/15/2028 | 0.7% |
Glencore Finance Canada Ltd | 5.550% | 10/25/2042 | 0.7% |
Protective Life Corp | 8.450% | 10/15/2039 | 0.7% |
JPMorgan Chase & Co | 2.963% | 01/25/2033 | 0.7% |
NGPL PipeCo LLC | 4.875% | 08/15/2027 | 0.7% |
SVB Financial Group | 1.800% | 02/02/2031 | 0.7% |
Netflix Inc | 5.375% | 11/15/2029 | 0.7% |
Endeavor Energy Resources LP / EER Finance Inc | 5.750% | 01/30/2028 | 0.6% |
NRG Energy Inc | 4.450% | 06/15/2029 | 0.6% |
Flowserve Corp | 2.800% | 01/15/2032 | 0.6% |
Goldman Sachs Group Inc/The | 2.383% | 07/21/2032 | 0.6% |
American Tower Corp | 2.100% | 06/15/2030 | 0.6% |
Huntington Bancshares Inc/OH | 2.487% | 08/15/2036 | 0.6% |
Selective Insurance Group Inc | 5.375% | 03/01/2049 | 0.6% |
Duquesne Light Holdings Inc | 2.775% | 01/07/2032 | 0.6% |
State of Illinois | 5.100% | 06/01/2033 | 0.6% |
Comcast Corp | 2.887% | 11/01/2051 | 0.6% |
Eastern Gas Transmission & Storage Inc | 4.600% | 12/15/2044 | 0.6% |
Westpac Banking Corp | 4.322% | 11/23/2031 | 0.6% |
Ovintiv Inc | 6.625% | 08/15/2037 | 0.6% |
Viper Energy Partners LP | 5.375% | 11/01/2027 | 0.6% |
Ohio Edison Co | 8.250% | 10/15/2038 | 0.6% |
CoStar Group Inc | 2.800% | 07/15/2030 | 0.6% |
MSCI Inc | 3.250% | 08/15/2033 | 0.6% |
IPALCO Enterprises Inc | 4.250% | 05/01/2030 | 0.6% |
Canadian Natural Resources Ltd | 7.200% | 01/15/2032 | 0.6% |
Assurant Inc | 3.700% | 02/22/2030 | 0.5% |
Western Alliance Bancorp | 3.000% | 06/15/2031 | 0.5% |
CNO Financial Group Inc | 5.250% | 05/30/2029 | 0.5% |
CHENIERE CORPUS CHRTI HLDG LLC | 0.022% | 06/30/2024 | 0.5% |
Morgan Stanley | 2.484% | 09/16/2036 | 0.5% |
MPT Operating Partnership LP / MPT Finance Corp | 4.625% | 08/01/2029 | 0.5% |
Transatlantic Holdings Inc | 8.000% | 11/30/2039 | 0.5% |
Teachers Insurance & Annuity Association of America | 4.900% | 09/15/2044 | 0.5% |
NiSource Inc | 5.950% | 06/15/2041 | 0.5% |
FactSet Research Systems Inc | 3.450% | 03/01/2032 | 0.5% |
Centene Corp | 4.250% | 12/15/2027 | 0.5% |
Aircastle Ltd | 2.850% | 01/26/2028 | 0.5% |
Emera US Finance LP | 4.750% | 06/15/2046 | 0.4% |
VMware Inc | 4.700% | 05/15/2030 | 0.4% |
Oglethorpe Power Corp | 5.950% | 11/01/2039 | 0.4% |
Workday Inc | 3.800% | 04/01/2032 | 0.4% |
GLP Capital LP | 1.947% | 05/21/2023 | 0.4% |
Pentair Finance Sarl | 3.150% | 09/15/2022 | 0.4% |
First American Financial Corp | 2.400% | 08/15/2031 | 0.4% |
Churchill Downs Inc | 2.457% | 03/17/2028 | 0.4% |
EQT Corp | 7.500% | 02/01/2030 | 0.4% |
Securian Financial Group Inc | 4.800% | 04/15/2048 | 0.4% |
Invitation Homes Operating Partnership LP | 2.000% | 08/15/2031 | 0.4% |
Suncor Energy Inc | 7.875% | 06/15/2026 | 0.4% |
NUTRITION BIOSCIENCES INC | 0.019% | 01/17/2025 | 0.4% |
Triton Container International Ltd / TAL International Container Corp | 3.250% | 03/15/2032 | 0.4% |
American Homes 4 Rent LP | 4.900% | 02/15/2029 | 0.4% |
Brown & Brown Inc | 4.200% | 03/17/2032 | 0.4% |
Cleco Power LLC | 6.000% | 12/01/2040 | 0.4% |
US 10YR NOTE (CBT)Jun22 | 0.000% | 06/30/2022 | 0.3% |
Leidos Holdings Inc | 5.950% | 12/01/2040 | 0.3% |
CNO Financial Group Inc | 5.250% | 05/30/2025 | 0.3% |
Centene Corp | 4.625% | 12/15/2029 | 0.3% |
Oglethorpe Power Corp | 5.050% | 10/01/2048 | 0.3% |
Aviation Capital Group LLC | 3.500% | 11/01/2027 | 0.3% |
Charter Communications Operating LLC | 2.210% | 04/30/2025 | 0.3% |
Helmerich & Payne Inc | 2.900% | 09/29/2031 | 0.3% |
Hess Corp | 5.600% | 02/15/2041 | 0.3% |
AES Corp/The | 2.450% | 01/15/2031 | 0.3% |
Toll Brothers Finance Corp | 4.875% | 03/15/2027 | 0.2% |
Wells Fargo & Co | 3.350% | 03/02/2033 | 0.2% |
Dell International LLC / EMC Corp | 8.350% | 07/15/2046 | 0.2% |
Toll Brothers Finance Corp | 3.800% | 11/01/2029 | 0.2% |
National Fuel Gas Co | 7.395% | 03/30/2023 | 0.2% |
Steel Dynamics Inc | 5.000% | 12/15/2026 | 0.2% |
Apache Corp | 5.100% | 09/01/2040 | 0.2% |
Tampa Electric Co | 6.150% | 05/15/2037 | 0.2% |
CF Industries Inc | 5.375% | 03/15/2044 | 0.2% |
CF Industries Inc | 5.150% | 03/15/2034 | 0.2% |
American Tower Corp | 4.050% | 03/15/2032 | 0.2% |
Bank of America Corp | 2.482% | 09/21/2036 | 0.2% |
Dell International LLC / EMC Corp | 3.375% | 12/15/2041 | 0.2% |
Invitation Homes Operating Partnership LP | 2.300% | 11/15/2028 | 0.2% |
Neuberger Berman Group LLC / Neuberger Berman Finance Corp | 4.875% | 04/15/2045 | 0.2% |
HCA Inc | 4.625% | 03/15/2052 | 0.1% |
FirstEnergy Transmission LLC | 4.550% | 04/01/2049 | 0.1% |
Bank of America Corp | 2.881% | 04/24/2023 | 0.1% |
County of Miami-Dade FL | 2.786% | 10/01/2037 | 0.1% |
US 10yr Ultra Fut Jun22 | 0.000% | 06/30/2022 | 0.1% |
NUTRITION BIOSCIENCES INC | 0.014% | 01/17/2023 | 0.1% |
Southwest Gas Corp | 4.050% | 03/15/2032 | 0.1% |
US 2YR NOTE (CBT) Jun22 | 0.000% | 07/06/2022 | -0.2% |
US 5YR NOTE (CBT) Jun22 | 0.000% | 07/06/2022 | -0.3% |
US ULTRA BOND CBT Jun22 | 0.000% | 06/30/2022 | -0.4% |
Dividends & Cap Gains
Dividends & Cap Gains
DIVIDEND PAYMENTS
DIVIDEND PAYMENTS
- YTD Dividends Paidas of 05/20/2022
- $0.085
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 04/30/2022 | $0.02171 | $8.83 |
Daily | Daily | 03/31/2022 | $0.02051 | $9.33 |
Daily | Daily | 02/28/2022 | $0.02221 | $9.64 |
Daily | Daily | 01/31/2022 | $0.02058 | $9.85 |
Upcoming Dividend Payment Dates
This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.
Record Date | Ex-Dividend Date | Reinvest & Payable Date |
---|---|---|
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 |
CAPITAL GAINS DISTRIBUTIONS
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/16/2021 | 12/17/2021 | $0.1839 | - | $0.1839 | $10.20 |
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
This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.
Record Date | Ex-Dividend Date |
---|---|
12/19/2022 | 12/20/2022 |
Fees & Expenses
Fees & Expenses
EXPENSE RATIOas of 04/30/2022
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
3.07% | 1.08% |
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 03/31/2023. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
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
|
||||
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
|