Corporate Bond Fund
Daily price w/o sales charge as of 06/08/2023
$8.24
$0.03
YTD Returns w/o sales charge as of 06/08/2023
2.47%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Dividend Yield as of 06/08/2023
Subsidized | Un-Subsidized | |
---|---|---|
w/o sales charge | 4.35% | 1.18% |
w/ sales charge | 4.25% | 1.16% |
Subsidized | Un-Subsidized | |
---|---|---|
w/o sales charge | 4.67% | 1.51% |
Average Yield to Worst as of 04/28/2023 |
5.34% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.
Fund Basicsas of 04/28/2023
- Total Net Assets
- $6.93 M
- Inception Date
- 04/20/2017
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 3.85%
- Fund Net Expense Ratio
- 0.68%
- Number of Holdings
- 176
- Minimum Initial Investment
- $1,500+
Type | Assets |
---|---|
Investment Grade Corporate | |
High Yield Corporate | |
U.S. Government Related | |
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 |
CREDIT QUALITY DISTRIBUTION as of 04/28/2023 View Portfolio
Rating | Assets |
---|---|
U.S. Treasury | |
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




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Performance
Performance
Dividend Yield 1 as of 06/08/2023
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 4.35% | 1.18% |
w/ sales charge | 4.25% | 1.16% |
30-Day Standardized Yield 2 as of 05/31/2023
Subsidized5 | Un-Subsidized6 | |
---|---|---|
w/o sales charge | 4.67% | 1.51% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 3.85%
Net 0.68%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/19/2017 |
---|
w/o sales charge | 2.62% | -2.38% | -2.35% | 1.13% | - | 1.10% |
Lipper Category Avg. Corporate Debt Funds BBB-Rated | 2.86% | -2.27% | -2.96% | 1.28% | - | - |
Bloomberg US Corp Investment Grade Index | 2.78% | -1.70% | -2.95% | 1.56% | - | 1.43% |
w/ sales charge | 0.29% | -4.55% | -3.08% | 0.68% | - | 0.72% |
Fund Expense Ratio :
Gross 3.85%
Net 0.68%
Fund Expense Ratio :
Gross 3.85%
Net 0.68%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/19/2017 |
---|
w/o sales charge | 3.50% | -6.51% | 0.31% | 1.15% | - | 1.28% |
Lipper Category Avg. Corporate Debt Funds BBB-Rated | 3.59% | -6.26% | -0.54% | 1.32% | - | - |
Bloomberg US Corp Investment Grade Index | 3.50% | -5.55% | -0.54% | 1.62% | - | 1.59% |
w/ sales charge | 1.15% | -8.57% | -0.45% | 0.68% | - | 0.89% |
Fund Expense Ratio :
Gross 3.85%
Net 0.68%
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 |
---|
2022 | -16.42% | -15.76% |
2021 | 0.04% | -1.04% |
2020 | 9.37% | 9.89% |
2019 | 12.95% | 14.54% |
2018 | -2.94% | -2.51% |
2017 | 3.93% | 6.42% |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2023 | 3.50% | - | - | - | 2.47% |
2022 | -7.47% | -7.68% | -5.07% | 3.06% | -16.42% |
2021 | -3.96% | 3.73% | 0.25% | 0.16% | 0.04% |
2020 | -6.23% | 10.22% | 2.14% | 3.61% | 9.37% |
2019 | 4.57% | 3.99% | 2.74% | 1.09% | 12.95% |
2018 | -2.00% | -1.22% | 0.75% | -0.48% | -2.94% |
2017 | - | - | 1.40% | 1.35% | 3.93% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
GROWTH OF $10,000 as of 03/31/2023
The chart begins on the Fund's inception date of 04/19/2017.
Based on a hypothetical Class A share investment of $10,000 on 04/19/2017 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Type | Assets |
---|---|
Investment Grade Corporate | |
High Yield Corporate | |
U.S. Government Related | |
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 |
CREDIT QUALITY DISTRIBUTION as of 04/28/2023
Rating | Assets |
---|---|
U.S. Treasury | |
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 Details as of 04/28/2023
- Total Net Assets
- $6.93 M
- Number of Issues
- 176
- Average Coupon
- 4.4%
- Average Life
- 9.56 Years
- Average Effective Duration
- 7.14 Years
- Average Yield to Worst
- 5.34%
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.
Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.
Holding | Coupon | Maturity | Assets |
---|
UBS Group AG | 4.125% | 04/15/2026 | 2.8% |
Goldman Sachs Group Inc/The | 2.383% | 07/21/2032 | 2.3% |
Bank of America Corp | 3.593% | 07/21/2028 | 2.2% |
Morgan Stanley | 4.431% | 01/23/2030 | 1.9% |
Citigroup Inc | 2.561% | 05/01/2032 | 1.7% |
JPMorgan Chase & Co | 2.580% | 04/22/2032 | 1.4% |
Bayer Corp/NJ | 6.650% | 02/15/2028 | 1.2% |
BAT Capital Corp | 7.750% | 10/19/2032 | 1.2% |
British Airways 2020-1 Class A Pass Through Trust | 4.250% | 05/15/2034 | 1.2% |
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc | 4.700% | 02/01/2036 | 1.1% |
Holding | Coupon | Maturity | Assets |
---|
UBS Group AG | 4.125% | 04/15/2026 | 2.8% |
Goldman Sachs Group Inc/The | 2.383% | 07/21/2032 | 2.3% |
Bank of America Corp | 3.593% | 07/21/2028 | 2.2% |
Morgan Stanley | 4.431% | 01/23/2030 | 1.9% |
Citigroup Inc | 2.561% | 05/01/2032 | 1.7% |
JPMorgan Chase & Co | 2.580% | 04/22/2032 | 1.4% |
Bayer Corp/NJ | 6.650% | 02/15/2028 | 1.2% |
BAT Capital Corp | 7.750% | 10/19/2032 | 1.2% |
British Airways 2020-1 Class A Pass Through Trust | 4.250% | 05/15/2034 | 1.2% |
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc | 4.700% | 02/01/2036 | 1.1% |
Continental Resources Inc/OK | 5.750% | 01/15/2031 | 1.1% |
Bank of America Corp | 2.687% | 04/22/2032 | 1.1% |
Macquarie Group Ltd | 4.654% | 03/27/2029 | 1.1% |
Oracle Corp | 5.375% | 07/15/2040 | 1.0% |
Centene Corp | 3.375% | 02/15/2030 | 1.0% |
Wells Fargo & Co | 4.897% | 07/25/2033 | 1.0% |
Wells Fargo & Co | 2.393% | 06/02/2028 | 1.0% |
VICI Properties LP / VICI Note Co Inc | 4.625% | 06/15/2025 | 1.0% |
Toronto-Dominion Bank/The | 4.456% | 06/08/2032 | 0.9% |
Crown Castle Inc | 3.300% | 07/01/2030 | 0.9% |
Bank of Montreal | 3.803% | 12/15/2032 | 0.9% |
AT&T Inc | 3.500% | 09/15/2053 | 0.9% |
T-Mobile USA Inc | 3.875% | 04/15/2030 | 0.9% |
Amazon.com Inc | 4.700% | 12/01/2032 | 0.9% |
Amgen Inc | 4.050% | 08/18/2029 | 0.9% |
Puget Energy Inc | 4.100% | 06/15/2030 | 0.8% |
Regal Rexnord Corp | 6.300% | 02/15/2030 | 0.8% |
Eni USA Inc | 7.300% | 11/15/2027 | 0.8% |
Philip Morris International Inc | 5.625% | 11/17/2029 | 0.8% |
State of Illinois | 5.100% | 06/01/2033 | 0.8% |
United States Treasury Note/Bond | 3.875% | 02/15/2043 | 0.8% |
Lowe's Cos Inc | 5.000% | 04/15/2033 | 0.8% |
Global Payments Inc | 5.300% | 08/15/2029 | 0.8% |
Southwest Gas Corp | 4.050% | 03/15/2032 | 0.8% |
Vistra Operations Co LLC | 3.550% | 07/15/2024 | 0.8% |
Broadcom Inc | 4.150% | 04/15/2032 | 0.8% |
Pacific Gas and Electric Co | 4.550% | 07/01/2030 | 0.8% |
Bank of New York Mellon Corp/The | 4.596% | 07/26/2030 | 0.7% |
Eastern Gas Transmission & Storage Inc | 3.000% | 11/15/2029 | 0.7% |
Piedmont Natural Gas Co Inc | 2.500% | 03/15/2031 | 0.7% |
Cigna Group/The | 6.125% | 11/15/2041 | 0.7% |
Aviation Capital Group LLC | 1.950% | 01/30/2026 | 0.7% |
JPMorgan Chase & Co | 4.912% | 07/25/2033 | 0.7% |
TORONTO DOMINION BANK THE | 0.010% | 05/01/2023 | 0.7% |
NGPL PipeCo LLC | 4.875% | 08/15/2027 | 0.7% |
Netflix Inc | 5.375% | 11/15/2029 | 0.7% |
Humana Inc | 3.700% | 03/23/2029 | 0.7% |
American Tower Corp | 3.800% | 08/15/2029 | 0.7% |
AbbVie Inc | 3.200% | 11/21/2029 | 0.7% |
State Street Corp | 4.164% | 08/04/2033 | 0.7% |
nVent Finance Sarl | 4.550% | 04/15/2028 | 0.7% |
NRG Energy Inc | 4.450% | 06/15/2029 | 0.7% |
Transatlantic Holdings Inc | 8.000% | 11/30/2039 | 0.7% |
GLP Capital LP / GLP Financing II Inc | 5.750% | 06/01/2028 | 0.7% |
New York Life Insurance Co | 4.450% | 05/15/2069 | 0.6% |
JPMorgan Chase & Co | 2.963% | 01/25/2033 | 0.6% |
EQT Corp | 7.000% | 02/01/2030 | 0.6% |
Cargill Inc | 4.000% | 06/22/2032 | 0.6% |
Elevance Health Inc | 4.100% | 05/15/2032 | 0.6% |
Amgen Inc | 5.250% | 03/02/2033 | 0.6% |
Toyota Motor Credit Corp | 4.700% | 01/12/2033 | 0.6% |
Ovintiv Inc | 6.625% | 08/15/2037 | 0.6% |
Patterson-UTI Energy Inc | 5.150% | 11/15/2029 | 0.6% |
Royal Bank of Canada | 5.000% | 02/01/2033 | 0.6% |
Teachers Insurance & Annuity Association of America | 4.900% | 09/15/2044 | 0.6% |
Protective Life Corp | 8.450% | 10/15/2039 | 0.6% |
American Express Co | 4.420% | 08/03/2033 | 0.6% |
Viper Energy Partners LP | 5.375% | 11/01/2027 | 0.6% |
Diamondback Energy Inc | 3.125% | 03/24/2031 | 0.6% |
American Electric Power Co Inc | 5.625% | 03/01/2033 | 0.6% |
Sprint Capital Corp | 6.875% | 11/15/2028 | 0.6% |
Texas Natural Gas Securitization Finance Corp | 5.169% | 04/01/2041 | 0.6% |
Avolon Holdings Funding Ltd | 4.250% | 04/15/2026 | 0.5% |
CVS Health Corp | 4.780% | 03/25/2038 | 0.5% |
NOV Inc | 3.600% | 12/01/2029 | 0.5% |
Constellation Brands Inc | 3.150% | 08/01/2029 | 0.5% |
Georgia Power Co | 4.750% | 09/01/2040 | 0.5% |
IPALCO Enterprises Inc | 4.250% | 05/01/2030 | 0.5% |
Workday Inc | 3.800% | 04/01/2032 | 0.5% |
Norfolk Southern Corp | 4.450% | 03/01/2033 | 0.5% |
US Bancorp | 4.839% | 02/01/2034 | 0.5% |
Halliburton Co | 7.450% | 09/15/2039 | 0.5% |
Assurant Inc | 3.700% | 02/22/2030 | 0.5% |
Ohio Edison Co | 8.250% | 10/15/2038 | 0.5% |
American Express Co | 5.043% | 05/01/2034 | 0.5% |
Hilton Worldwide Finance LLC | 6.821% | 06/22/2026 | 0.5% |
US ULTRA BOND CBT Jun23 | 0.000% | 06/30/2023 | 0.5% |
Morgan Stanley | 6.342% | 10/18/2033 | 0.5% |
CVS Health Corp | 5.625% | 02/21/2053 | 0.5% |
Booz Allen Hamilton Inc | 3.875% | 09/01/2028 | 0.5% |
Kellogg Co | 5.250% | 03/01/2033 | 0.5% |
Antero Resources Corp | 5.375% | 03/01/2030 | 0.5% |
Flowserve Corp | 2.800% | 01/15/2032 | 0.5% |
Hyatt Hotels Corp | 1.300% | 10/01/2023 | 0.5% |
National Fuel Gas Co | 3.950% | 09/15/2027 | 0.5% |
NiSource Inc | 1.700% | 02/15/2031 | 0.5% |
US Bancorp | 4.967% | 07/22/2033 | 0.5% |
Oracle Corp | 6.125% | 07/08/2039 | 0.5% |
NiSource Inc | 5.950% | 06/15/2041 | 0.5% |
Western Alliance Bancorp | 3.000% | 06/15/2031 | 0.5% |
Eastern Gas Transmission & Storage Inc | 4.600% | 12/15/2044 | 0.5% |
Duquesne Light Holdings Inc | 2.775% | 01/07/2032 | 0.5% |
Republic Services Inc | 5.000% | 04/01/2034 | 0.5% |
MSCI Inc | 3.625% | 11/01/2031 | 0.4% |
McCormick & Co Inc/MD | 4.950% | 04/15/2033 | 0.4% |
Aircastle Ltd | 2.850% | 01/26/2028 | 0.4% |
Jacobs Engineering Group Inc | 5.900% | 03/01/2033 | 0.4% |
Intercontinental Exchange Inc | 4.350% | 06/15/2029 | 0.4% |
Oklahoma Gas and Electric Co | 5.400% | 01/15/2033 | 0.4% |
ServiceNow Inc | 1.400% | 09/01/2030 | 0.4% |
Tampa Electric Co | 4.300% | 06/15/2048 | 0.4% |
Selective Insurance Group Inc | 5.375% | 03/01/2049 | 0.4% |
Brown & Brown Inc | 4.200% | 03/17/2032 | 0.4% |
AEP Transmission Co LLC | 5.400% | 03/15/2053 | 0.4% |
Louisville Gas and Electric Co | 5.450% | 04/15/2033 | 0.4% |
Evergy Metro Inc | 4.950% | 04/15/2033 | 0.4% |
Charter Communications Operating LLC | 6.721% | 04/30/2025 | 0.4% |
F&G Annuities & Life Inc | 7.400% | 01/13/2028 | 0.4% |
DTE Energy Co | 2.950% | 03/01/2030 | 0.4% |
Liberty Utilities Finance GP 1 | 2.050% | 09/15/2030 | 0.4% |
Baltimore Gas and Electric Co | 4.550% | 06/01/2052 | 0.4% |
Spire Missouri Inc | 4.800% | 02/15/2033 | 0.4% |
Morgan Stanley | 2.484% | 09/16/2036 | 0.4% |
CVS Health Corp | 5.050% | 03/25/2048 | 0.4% |
American Express Co | 4.989% | 05/26/2033 | 0.4% |
Bank of New York Mellon Corp/The | 4.967% | 04/26/2034 | 0.4% |
EPR Properties | 4.950% | 04/15/2028 | 0.4% |
Virginia Electric and Power Co | 5.450% | 04/01/2053 | 0.4% |
Duke Energy Corp | 4.500% | 08/15/2032 | 0.4% |
AT&T Inc | 4.300% | 02/15/2030 | 0.4% |
BankUnited Inc | 5.125% | 06/11/2030 | 0.4% |
Oklahoma Gas and Electric Co | 5.600% | 04/01/2053 | 0.4% |
Public Service Co of Colorado | 5.250% | 04/01/2053 | 0.3% |
Amgen Inc | 4.875% | 03/01/2053 | 0.3% |
Morgan Stanley | 2.239% | 07/21/2032 | 0.3% |
CVS Health Corp | 3.250% | 08/15/2029 | 0.3% |
Duke Energy Progress LLC | 5.250% | 03/15/2033 | 0.3% |
FactSet Research Systems Inc | 3.450% | 03/01/2032 | 0.3% |
DTE Electric Co | 5.400% | 04/01/2053 | 0.3% |
Bank of America Corp | 2.299% | 07/21/2032 | 0.3% |
Humana Inc | 5.875% | 03/01/2033 | 0.3% |
International Flavors & Fragrances Inc | 2.300% | 11/01/2030 | 0.3% |
Leidos Holdings Inc | 5.950% | 12/01/2040 | 0.3% |
CenterPoint Energy Resources Corp | 5.400% | 03/01/2033 | 0.3% |
Cigna Group/The | 4.375% | 10/15/2028 | 0.3% |
Trimble Inc | 6.100% | 03/15/2033 | 0.3% |
United States Treasury Note/Bond | 3.625% | 02/15/2053 | 0.3% |
Pacific Gas and Electric Co | 6.150% | 01/15/2033 | 0.3% |
Oglethorpe Power Corp | 5.050% | 10/01/2048 | 0.3% |
Intact Financial Corp | 5.459% | 09/22/2032 | 0.3% |
Constellation Energy Generation LLC | 5.800% | 03/01/2033 | 0.2% |
Huntington Bancshares Inc/OH | 2.487% | 08/15/2036 | 0.2% |
Oglethorpe Power Corp | 5.950% | 11/01/2039 | 0.2% |
Wells Fargo & Co | 3.350% | 03/02/2033 | 0.2% |
Constellation Energy Generation LLC | 6.250% | 10/01/2039 | 0.2% |
Elevance Health Inc | 5.500% | 10/15/2032 | 0.2% |
New York Life Global Funding | 4.550% | 01/28/2033 | 0.2% |
Aviation Capital Group LLC | 3.500% | 11/01/2027 | 0.2% |
Brown-Forman Corp | 4.750% | 04/15/2033 | 0.2% |
Pacific Gas and Electric Co | 6.700% | 04/01/2053 | 0.2% |
Diamondback Energy Inc | 6.250% | 03/15/2033 | 0.2% |
Wells Fargo & Co | 5.389% | 04/24/2034 | 0.2% |
Occidental Petroleum Corp | 8.875% | 07/15/2030 | 0.2% |
United States Treasury Note/Bond | 2.000% | 11/15/2041 | 0.2% |
FirstEnergy Transmission LLC | 4.550% | 04/01/2049 | 0.2% |
Kenvue Inc | 5.050% | 03/22/2053 | 0.2% |
Leidos Inc | 5.750% | 03/15/2033 | 0.2% |
Elevance Health Inc | 5.125% | 02/15/2053 | 0.1% |
M&T Bank Corp | 5.053% | 01/27/2034 | 0.1% |
NiSource Inc | 2.950% | 09/01/2029 | 0.1% |
Bank of America Corp | 2.482% | 09/21/2036 | 0.1% |
NUTRITION BIOSCIENCES INC | 0.063% | 02/01/2024 | 0.1% |
US 2YR NOTE (CBT) Jun23 | 0.000% | 07/06/2023 | 0.1% |
US 5YR NOTE (CBT) Jun23 | 0.000% | 07/06/2023 | 0.1% |
US 10yr Ultra Fut Jun23 | 0.000% | 06/30/2023 | -0.4% |
US 10YR NOTE (CBT)Jun23 | 0.000% | 06/30/2023 | -0.6% |
Dividends & Cap Gains
Dividends & Cap Gains
DIVIDEND PAYMENTS
DIVIDEND PAYMENTS
- YTD Dividends Paidas of 06/08/2023
- $0.14506
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 05/31/2023 | $0.02989 | $8.26 |
Daily | Daily | 04/30/2023 | $0.02904 | $8.43 |
Daily | Daily | 03/31/2023 | $0.02888 | $8.39 |
Daily | Daily | 02/28/2023 | $0.02880 | $8.23 |
Daily | Daily | 01/31/2023 | $0.02845 | $8.51 |
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 | 06/30/2023 |
Daily | Daily | 07/31/2023 |
Daily | Daily | 08/31/2023 |
Daily | Daily | 09/30/2023 |
Daily | Daily | 10/31/2023 |
Daily | Daily | 11/30/2023 |
Daily | Daily | 12/31/2023 |
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.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 06/08/2023
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $8.43 |
$100,000 to $249,999 | 1.75% | 1.50% | $8.39 |
$250,000 to $499,999 | 1.25% | 1.00% | $8.34 |
$500,000 to $999,999 | 0.00% | 1.00% | $8.24 |
$1,000,000 to $5,000,000 | 0.00% | 1.00% | $8.24 |
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.
EXPENSE RATIOas of 05/31/2023
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
3.85% | 0.68% |
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 03/31/2024. 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
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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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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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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