Corporate Bond Fund
Daily price w/o sales charge as of 06/24/2022
$8.53
$0.03
YTD Returns w/o sales charge as of 06/24/2022
-14.75%
Summary
Summary
Yield
Dividend Yield as of 06/24/2022
Subsidized | Un-Subsidized | |
---|---|---|
w/o sales charge | 3.39% | 1.40% |
30-Day Standardized Yield as of 05/31/2022
Subsidized | Un-Subsidized | |
---|---|---|
w/o sales charge | 3.63% | 0.11% |
Fund Basicsas of 05/31/2022
- Total Net Assets
- $6.52 M
- Inception Date
- 04/20/2017
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 2.72%
- Fund Net Expense Ratio
- 0.73%
- Number of Holdings
- 152
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 05/31/2022 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 06/24/2022
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 3.39% | 1.40% |
30-Day Standardized Yield 2 as of 05/31/2022
Subsidized5 | Un-Subsidized6 | |
---|---|---|
w/o sales charge | 3.63% | 0.11% |
Fund Expense Ratio :
Gross 2.72%
Net 0.73%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/19/2017 |
---|
w/o sales charge | -12.16% | -10.14% | 0.58% | 1.63% | - | 1.75% |
Lipper Category Avg. Corporate Debt Funds BBB-Rated | -11.38% | -9.99% | 0.74% | 1.74% | - | - |
Bloomberg US Corp Investment Grade Index | -11.92% | -10.28% | 0.76% | 1.92% | - | 2.05% |
Fund Expense Ratio :
Gross 2.72%
Net 0.73%
Fund Expense Ratio :
Gross 2.72%
Net 0.73%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/19/2017 |
---|
w/o sales charge | -7.48% | -3.67% | 2.98% | - | - | 2.88% |
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 2.72%
Net 0.73%
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 | -0.01% | -1.04% |
2020 | 9.34% | 9.89% |
2019 | 12.89% | 14.54% |
2018 | -2.99% | -2.51% |
2017 | 3.89% | 6.42% |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2022 | -7.48% | - | - | - | -14.75% |
2021 | -3.97% | 3.72% | 0.24% | 0.15% | -0.01% |
2020 | -6.25% | 10.22% | 2.13% | 3.60% | 9.34% |
2019 | 4.56% | 3.98% | 2.72% | 1.08% | 12.89% |
2018 | -2.01% | -1.23% | 0.74% | -0.50% | -2.99% |
2017 | - | - | 1.38% | 1.34% | 3.89% |
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 05/31/2022
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 05/31/2022
- Total Net Assets
- $6.52 M
- Number of Issues
- 152
- Average Coupon
- 4.09%
- Average Life
- 9.57 Years
- Average Effective Duration
- 7.65 Years
To view definitions for the above Portfolio Details, Click here.
Holding | Coupon | Maturity | Assets |
---|
Bank of America Corp | 3.593% | 07/21/2028 | 2.8% |
Morgan Stanley | 4.431% | 01/23/2030 | 2.1% |
Southwestern Energy Co | 3.301% | 06/22/2027 | 1.8% |
Citigroup Inc | 3.668% | 07/24/2028 | 1.8% |
JPMorgan Chase & Co | 2.580% | 04/22/2032 | 1.7% |
Macquarie Group Ltd | 4.654% | 03/27/2029 | 1.6% |
British Airways 2020-1 Class A Pass Through Trust | 4.250% | 05/15/2034 | 1.4% |
Wells Fargo & Co | 2.393% | 06/02/2028 | 1.4% |
Charter Communications Operating LLC / Charter Communications Operating Capital | 6.484% | 10/23/2045 | 1.4% |
T-Mobile USA Inc | 3.500% | 04/15/2031 | 1.4% |
Holding | Coupon | Maturity | Assets |
---|
Bank of America Corp | 3.593% | 07/21/2028 | 2.8% |
Morgan Stanley | 4.431% | 01/23/2030 | 2.0% |
Seminole Tribe of Florida Inc | 2.514% | 07/08/2024 | 1.9% |
Southwestern Energy Co | 3.301% | 06/22/2027 | 1.8% |
Bank of New York Mellon Corp/The | 2.661% | 05/16/2023 | 1.8% |
Citigroup Inc | 3.668% | 07/24/2028 | 1.7% |
JPMorgan Chase & Co | 2.580% | 04/22/2032 | 1.7% |
Hilton Worldwide Finance LLC | 2.375% | 06/22/2026 | 1.5% |
Macquarie Group Ltd | 4.654% | 03/27/2029 | 1.5% |
JBS USA LUX SA | 2.804% | 05/01/2026 | 1.4% |
British Airways 2020-1 Class A Pass Through Trust | 4.250% | 05/15/2034 | 1.4% |
Wells Fargo & Co | 2.393% | 06/02/2028 | 1.3% |
Charter Communications Operating LLC / Charter Communications Operating Capital | 6.484% | 10/23/2045 | 1.3% |
Avolon TLB Borrower 1 US LLC | 2.875% | 12/01/2027 | 1.3% |
T-Mobile USA Inc | 3.500% | 04/15/2031 | 1.3% |
AT&T Inc | 3.500% | 09/15/2053 | 1.2% |
Bank of Montreal | 3.803% | 12/15/2032 | 1.1% |
Piedmont Natural Gas Co Inc | 2.500% | 03/15/2031 | 1.1% |
Dell International LLC / EMC Corp | 6.020% | 06/15/2026 | 1.1% |
Delos Finance Sarl | 2.756% | 10/06/2023 | 1.1% |
Cigna Corp | 6.125% | 11/15/2041 | 1.1% |
Bayer Corp | 6.650% | 02/15/2028 | 1.1% |
Continental Resources Inc/OK | 5.750% | 01/15/2031 | 1.0% |
Citigroup Inc | 2.561% | 05/01/2032 | 1.0% |
EPR Properties | 4.950% | 04/15/2028 | 1.0% |
Westpac Banking Corp | 4.110% | 07/24/2034 | 0.9% |
Oracle Corp | 5.375% | 07/15/2040 | 0.9% |
Freeport-McMoRan Inc | 4.625% | 08/01/2030 | 0.9% |
Eni USA Inc | 7.300% | 11/15/2027 | 0.9% |
Oracle Corp | 6.125% | 07/08/2039 | 0.9% |
Broadcom Inc | 4.926% | 05/15/2037 | 0.9% |
Goldman Sachs Group Inc/The | 6.750% | 10/01/2037 | 0.9% |
Crown Castle International Corp | 3.300% | 07/01/2030 | 0.9% |
American Airlines 2021-1 Class A Pass Through Trust | 2.875% | 01/11/2036 | 0.9% |
Qorvo Inc | 4.375% | 10/15/2029 | 0.9% |
New York Life Insurance Co | 4.450% | 05/15/2069 | 0.9% |
Eastern Gas Transmission & Storage Inc | 3.000% | 11/15/2029 | 0.9% |
United States Treasury Note/Bond | 1.875% | 02/15/2032 | 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% |
United States Treasury Note/Bond | 2.375% | 02/15/2042 | 0.8% |
National Fuel Gas Co | 3.950% | 09/15/2027 | 0.8% |
Bank of America Corp | 2.687% | 04/22/2032 | 0.8% |
Aviation Capital Group LLC | 1.950% | 01/30/2026 | 0.8% |
Comcast Hulu Holdings LLC | 1.639% | 03/15/2024 | 0.8% |
Vistra Operations Co LLC | 3.550% | 07/15/2024 | 0.8% |
Setanta Aircraft Leasing DAC | 3.006% | 11/05/2028 | 0.8% |
GLP Capital LP / GLP Financing II Inc | 5.750% | 06/01/2028 | 0.7% |
nVent Finance Sarl | 4.550% | 04/15/2028 | 0.7% |
Air Lease Corp | 3.125% | 12/01/2030 | 0.7% |
US 10YR NOTE (CBT)Jun22 | 0.000% | 06/30/2022 | 0.7% |
Fluor Corp | 4.250% | 09/15/2028 | 0.7% |
Georgia Power Co | 4.750% | 09/01/2040 | 0.7% |
NOV Inc | 3.600% | 12/01/2029 | 0.7% |
Pacific Gas and Electric Co | 4.550% | 07/01/2030 | 0.7% |
NGPL PipeCo LLC | 4.875% | 08/15/2027 | 0.7% |
VeriSign Inc | 4.750% | 07/15/2027 | 0.7% |
JPMorgan Chase & Co | 2.963% | 01/25/2033 | 0.7% |
Endeavor Energy Resources LP / EER Finance Inc | 5.750% | 01/30/2028 | 0.7% |
SVB Financial Group | 1.800% | 02/02/2031 | 0.7% |
Protective Life Corp | 8.450% | 10/15/2039 | 0.7% |
NRG Energy Inc | 4.450% | 06/15/2029 | 0.7% |
Netflix Inc | 5.375% | 11/15/2029 | 0.7% |
Glencore Finance Canada Ltd | 5.550% | 10/25/2042 | 0.7% |
State of Illinois | 5.100% | 06/01/2033 | 0.6% |
Goldman Sachs Group Inc/The | 2.383% | 07/21/2032 | 0.6% |
Flowserve Corp | 2.800% | 01/15/2032 | 0.6% |
Duquesne Light Holdings Inc | 2.775% | 01/07/2032 | 0.6% |
Viper Energy Partners LP | 5.375% | 11/01/2027 | 0.6% |
Westpac Banking Corp | 4.322% | 11/23/2031 | 0.6% |
United States Treasury Note/Bond | 2.500% | 03/31/2027 | 0.6% |
Selective Insurance Group Inc | 5.375% | 03/01/2049 | 0.6% |
CoStar Group Inc | 2.800% | 07/15/2030 | 0.6% |
Ovintiv Inc | 6.625% | 08/15/2037 | 0.6% |
Broadcom Inc | 4.150% | 04/15/2032 | 0.6% |
MSCI Inc | 3.250% | 08/15/2033 | 0.6% |
General Motors Co | 6.750% | 04/01/2046 | 0.6% |
IPALCO Enterprises Inc | 4.250% | 05/01/2030 | 0.6% |
Ohio Edison Co | 8.250% | 10/15/2038 | 0.6% |
Comcast Corp | 2.887% | 11/01/2051 | 0.6% |
Western Alliance Bancorp | 3.000% | 06/15/2031 | 0.6% |
Assurant Inc | 3.700% | 02/22/2030 | 0.6% |
Halliburton Co | 7.450% | 09/15/2039 | 0.6% |
Constellation Energy Generation LLC | 6.250% | 10/01/2039 | 0.6% |
Canadian Natural Resources Ltd | 7.200% | 01/15/2032 | 0.6% |
CNO Financial Group Inc | 5.250% | 05/30/2029 | 0.6% |
Transatlantic Holdings Inc | 8.000% | 11/30/2039 | 0.5% |
MPT Operating Partnership LP / MPT Finance Corp | 4.625% | 08/01/2029 | 0.5% |
Take-Two Interactive Software Inc | 4.000% | 04/14/2032 | 0.5% |
EQT Corp | 7.500% | 02/01/2030 | 0.5% |
Teachers Insurance & Annuity Association of America | 4.900% | 09/15/2044 | 0.5% |
FactSet Research Systems Inc | 3.450% | 03/01/2032 | 0.5% |
Eastern Gas Transmission & Storage Inc | 4.600% | 12/15/2044 | 0.5% |
NiSource Inc | 5.950% | 06/15/2041 | 0.5% |
Centene Corp | 4.250% | 12/15/2027 | 0.5% |
CHENIERE CORPUS CHRTI HLDG LLC | 0.025% | 06/30/2024 | 0.5% |
Pentair Finance Sarl | 3.150% | 09/15/2022 | 0.5% |
GLP Capital LP | 2.132% | 05/21/2023 | 0.5% |
Churchill Downs Inc | 2.764% | 03/17/2028 | 0.5% |
Emera US Finance LP | 4.750% | 06/15/2046 | 0.4% |
Workday Inc | 3.800% | 04/01/2032 | 0.4% |
Oglethorpe Power Corp | 5.950% | 11/01/2039 | 0.4% |
First American Financial Corp | 2.400% | 08/15/2031 | 0.4% |
NUTRITION BIOSCIENCES INC | 0.019% | 01/17/2025 | 0.4% |
Suncor Energy Inc | 7.875% | 06/15/2026 | 0.4% |
Invitation Homes Operating Partnership LP | 2.000% | 08/15/2031 | 0.4% |
Morgan Stanley | 2.484% | 09/16/2036 | 0.4% |
American Homes 4 Rent LP | 4.900% | 02/15/2029 | 0.4% |
Aircastle Ltd | 2.850% | 01/26/2028 | 0.4% |
Securian Financial Group Inc | 4.800% | 04/15/2048 | 0.4% |
VMware Inc | 4.700% | 05/15/2030 | 0.4% |
Brown & Brown Inc | 4.200% | 03/17/2032 | 0.4% |
Cleco Power LLC | 6.000% | 12/01/2040 | 0.4% |
Anthem Inc | 4.100% | 05/15/2032 | 0.3% |
US 10yr Ultra Fut Jun22 | 0.000% | 06/30/2022 | 0.3% |
CNO Financial Group Inc | 5.250% | 05/30/2025 | 0.3% |
Leidos Holdings Inc | 5.950% | 12/01/2040 | 0.3% |
Cargill Inc | 4.375% | 04/22/2052 | 0.3% |
Centene Corp | 4.625% | 12/15/2029 | 0.3% |
Charter Communications Operating LLC | 2.514% | 04/30/2025 | 0.3% |
Aviation Capital Group LLC | 3.500% | 11/01/2027 | 0.3% |
Huntington Bancshares Inc/OH | 2.487% | 08/15/2036 | 0.3% |
Triton Container International Ltd / TAL International Container Corp | 3.250% | 03/15/2032 | 0.3% |
Oglethorpe Power Corp | 5.050% | 10/01/2048 | 0.3% |
Toll Brothers Finance Corp | 4.875% | 03/15/2027 | 0.3% |
Hess Corp | 5.600% | 02/15/2041 | 0.3% |
National Fuel Gas Co | 7.395% | 03/30/2023 | 0.2% |
Steel Dynamics Inc | 5.000% | 12/15/2026 | 0.2% |
Wells Fargo & Co | 3.350% | 03/02/2033 | 0.2% |
Dell International LLC / EMC Corp | 8.350% | 07/15/2046 | 0.2% |
Bank of America Corp | 4.571% | 04/27/2033 | 0.2% |
Toll Brothers Finance Corp | 3.800% | 11/01/2029 | 0.2% |
Tampa Electric Co | 6.150% | 05/15/2037 | 0.2% |
Apache Corp | 5.100% | 09/01/2040 | 0.2% |
CF Industries Inc | 5.150% | 03/15/2034 | 0.2% |
CF Industries Inc | 5.375% | 03/15/2044 | 0.2% |
AES Corp/The | 2.450% | 01/15/2031 | 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% |
JPMorgan Chase & Co | 4.586% | 04/26/2033 | 0.1% |
FirstEnergy Transmission LLC | 4.550% | 04/01/2049 | 0.1% |
County of Miami-Dade FL | 2.786% | 10/01/2037 | 0.1% |
Bank of America Corp | 2.482% | 09/21/2036 | 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 | -0.3% |
US 5YR NOTE (CBT) Jun22 | 0.000% | 07/06/2022 | -0.5% |
US ULTRA BOND CBT Jun22 | 0.000% | 06/30/2022 | -1.5% |
Dividends & Cap Gains
Dividends & Cap Gains
DIVIDEND PAYMENTS
DIVIDEND PAYMENTS
- YTD Dividends Paidas of 06/24/2022
- $0.120
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 05/31/2022 | $0.02406 | $8.81 |
Daily | Daily | 04/30/2022 | $0.02433 | $8.83 |
Daily | Daily | 03/31/2022 | $0.02333 | $9.33 |
Daily | Daily | 02/28/2022 | $0.02480 | $9.64 |
Daily | Daily | 01/31/2022 | $0.02356 | $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 | 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 |
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 05/31/2022
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
2.72% | 0.73% |
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
|