LDMYX | Emerging Markets Bond Class I | Lord Abbett

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Emerging Markets Bond

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Daily price w/o sales charge as of 12/05/2023

$4.01

arrowUp$0.02

YTD Returns w/o sales charge as of 12/05/2023

6.24%

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 Emerging Markets Bond Fund?

The fund seeks to deliver a high total return by primarily investing in debt securities that are tied economically to emerging market countries.

Yield

30-Day Standardized Yield 1 as of 11/30/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 7.03% 7.02%

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

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Fund Basicsas of 10/31/2023

Total Net Assets
$106.15 M
Inception Date
10/19/2004
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.75%
Fund Net Expense Ratio
0.75%
Number of Holdings
188
Minimum Initial Investment

+Minimum Exceptions, View Full Disclosure

There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

The Fund changed its  investment strategy on June 29, 2007. 

Fund Expense Ratio :

Gross 0.75%

Net 0.75%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge 5.36% 6.08% -3.99% 1.38% 0.07% 1.51%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds - - - - - -
J.P. Morgan EMBI Global Diversified Index 6.07% 6.42% -4.44% 1.00% 2.79% 5.28%
w/ sales charge 5.36% 6.08% -3.99% 1.38% 0.07% 1.51%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.75%

Net 0.75%

Fund Expense Ratio :

Gross 0.75%

Net 0.75%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge 0.89% 10.00% -3.97% -0.17% -0.31% 1.29%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 2.11% 10.63% -3.27% 0.03% 1.37% -
J.P. Morgan EMBI Global Diversified Index 1.76% 10.01% -4.56% -0.35% 2.47% 5.10%

Fund Expense Ratio :

Gross 0.75%

Net 0.75%

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.

Region Assets
Latin America
Middle East/Africa
Asia
Europe
North America
Other

Credit Quality Distribution as of 10/31/2023

Rating Assets
AA
A
BBB
BB
B
CCC
Not Rated

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 Years of Industry Experience

Mila Skulkina
Mila Skulkina, CFA

Senior Managing Director, Portfolio Manager

22 Years of Industry Experience

Supported By 80 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of

-

30-Day Standardized Yield 1 as of 11/30/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 7.03% 7.02%

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

Fund Expense Ratio :

Gross 0.75%

Net 0.75%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge 5.36% 6.08% -3.99% 1.38% 0.07% 1.51%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds - - - - - -
J.P. Morgan EMBI Global Diversified Index 6.07% 6.42% -4.44% 1.00% 2.79% 5.28%
w/ sales charge 5.36% 6.08% -3.99% 1.38% 0.07% 1.51%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.75%

Net 0.75%

Fund Expense Ratio :

Gross 0.75%

Net 0.75%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge 0.89% 10.00% -3.97% -0.17% -0.31% 1.29%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 2.11% 10.63% -3.27% 0.03% 1.37% -
J.P. Morgan EMBI Global Diversified Index 1.76% 10.01% -4.56% -0.35% 2.47% 5.10%

Fund Expense Ratio :

Gross 0.75%

Net 0.75%

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 J.P. Morgan EMBI Global Diversified Index
2022 -15.49% -17.78%
2021 -2.63% -1.80%
2020 5.19% 5.26%
2019 15.92% 15.04%
2018 -6.19% -4.26%
2017 10.96% -
2016 5.90% -
2015 -8.79% -
2014 -5.32% -
2013 -2.88% -
2012 10.75% -
2011 -5.68% -
2010 6.17% -
2009 20.89% -
2008 -11.47% -
2007 8.20% -
2006 5.75% -
2005 -5.28% -
2004 5.79% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 1.25% 2.03% -2.34% - 6.24%
2022 -8.23% -11.65% -4.41% 9.03% -15.49%
2021 -4.64% 3.95% -1.10% -0.68% -2.63%
2020 -15.21% 13.84% 2.16% 6.69% 5.19%
2019 7.50% 4.33% 0.73% 2.61% 15.92%
2018 2.61% -7.71% 1.16% -2.08% -6.19%
2017 5.17% 1.75% 2.31% 1.36% 10.96%
2016 4.18% 1.80% 2.35% -2.45% 5.90%
2015 -2.78% 0.18% -7.23% 0.94% -8.79%
2014 0.96% 2.55% -4.51% -4.22% -5.32%
2013 -0.07% -3.73% 0.40% 0.55% -2.88%
2012 7.07% -2.20% 4.38% 1.33% 10.75%
2011 3.54% 1.82% -9.72% -0.90% -5.68%
2010 2.25% -5.17% 8.96% 0.50% 6.17%
2009 -1.28% 13.30% 6.48% 1.51% 20.89%
2008 2.86% 4.90% -6.44% -12.30% -11.47%
2007 1.14% -1.08% 4.39% 3.60% 8.20%
2006 -0.32% 2.02% 1.89% 2.06% 5.75%
2005 -2.53% -0.59% -1.28% -0.99% -5.28%
2004 - - - - 5.79%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Sovereign
Investment Grade Corporate
High Yield Corporate
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 10/31/2023

Rating Assets
AA
A
BBB
BB
B
CCC
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 10/31/2023

Total Net Assets
$106.15 M
Average Effective Duration
6.41 Years
Average Life
11.41 Years
Average Maturity
12.11 Years
Average Modified Duration
6.41 Years
Number of Issues
188

To view definitions for the above Portfolio Details, Click here.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

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
Indonesia Government International Bond 1.850% 03/12/2031 1.9%
Turkiye Government International Bond 4.250% 04/14/2026 1.8%
Mexico Government International Bond 2.659% 05/24/2031 1.5%
Saudi Government International Bond 3.450% 02/02/2061 1.5%
Philippine Government International Bond 3.229% 03/29/2027 1.5%
KSA Sukuk Ltd 5.268% 10/25/2028 1.5%
Peruvian Government International Bond 3.000% 01/15/2034 1.4%
Brazilian Government International Bond 3.750% 09/12/2031 1.3%
Eskom Holdings SOC Ltd 7.125% 02/11/2025 1.2%
Hungary Government International Bond 2.125% 09/22/2031 1.2%
% of Total Assets 14.8%
Holding Coupon Maturity Assets
Indonesia Government International Bond1.850% 03/12/20311.9%
Turkiye Government International Bond4.250% 04/14/20261.8%
Mexico Government International Bond2.659% 05/24/20311.5%
Saudi Government International Bond3.450% 02/02/20611.5%
Philippine Government International Bond3.229% 03/29/20271.5%
KSA Sukuk Ltd5.268% 10/25/20281.5%
Peruvian Government International Bond3.000% 01/15/20341.4%
Brazilian Government International Bond3.750% 09/12/20311.3%
Eskom Holdings SOC Ltd7.125% 02/11/20251.2%
Hungary Government International Bond2.125% 09/22/20311.2%
Nigeria Government International Bond6.500% 11/28/20271.2%
Republic of South Africa Government International Bond4.300% 10/12/20281.2%
Turkiye Government International Bond5.250% 03/13/20301.1%
Dominican Republic International Bond5.950% 01/25/20271.1%
Bahrain Government International Bond7.000% 01/26/20261.1%
QatarEnergy2.250% 07/12/20311.1%
Republic of South Africa Government International Bond5.750% 09/30/20491.1%
Colombia Government International Bond5.000% 06/15/20451.1%
OmGrid Funding Ltd5.196% 05/16/20271.1%
Dominican Republic International Bond4.500% 01/30/20301.0%
Chile Government International Bond4.950% 01/05/20361.0%
QazaqGaz NC JSC4.375% 09/26/20270.9%
Turkiye Government International Bond5.750% 05/11/20470.9%
Brazilian Government International Bond4.750% 01/14/20500.9%
Oman Government International Bond6.750% 01/17/20480.9%
Philippine Government International Bond1.950% 01/06/20320.9%
Bahrain Government International Bond5.450% 09/16/20320.8%
Philippine Government International Bond2.650% 12/10/20450.8%
Panama Government International Bond2.252% 09/29/20320.8%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara4.125% 05/15/20270.8%
Petroleos Mexicanos6.840% 01/23/20300.8%
Mexico Government International Bond6.338% 05/04/20530.8%
Angolan Government International Bond8.250% 05/09/20280.8%
Romanian Government International Bond6.000% 05/25/20340.8%
EDO Sukuk Ltd5.875% 09/21/20330.8%
Egypt Government International Bond7.500% 01/31/20270.8%
KSA Sukuk Ltd2.250% 05/17/20310.8%
El Salvador Government International Bond8.250% 04/10/20320.7%
Oman Government International Bond6.250% 01/25/20310.7%
Petronas Capital Ltd2.480% 01/28/20320.7%
Egypt Government International Bond7.300% 09/30/20330.7%
Angolan Government International Bond8.750% 04/14/20320.7%
Empresa Nacional del Petroleo3.450% 09/16/20310.7%
Banco do Brasil SA/Cayman3.250% 09/30/20260.7%
Argentine Republic Government International Bond0.000% 07/09/20350.7%
Petronas Capital Ltd3.404% 04/28/20610.7%
Pertamina Persero PT3.100% 01/21/20300.7%
Reliance Industries Ltd2.875% 01/12/20320.7%
Nigeria Government International Bond7.375% 09/28/20330.7%
Costa Rica Government International Bond6.550% 04/03/20340.7%
Qatar Government International Bond4.400% 04/16/20500.7%
Peruvian Government International Bond1.862% 12/01/20320.7%
Dominican Republic International Bond5.875% 01/30/20600.7%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.7%
Turkiye Government International Bond5.950% 01/15/20310.6%
Petroleos Mexicanos6.700% 02/16/20320.6%
Perusahaan Penerbit SBSN Indonesia III4.700% 06/06/20320.6%
KazMunayGas National Co JSC4.750% 04/19/20270.6%
Republic of Poland Government International Bond4.875% 10/04/20330.6%
Romanian Government International Bond2.625% 12/02/20400.6%
Eskom Holdings SOC Ltd6.350% 08/10/20280.6%
Colombia Government International Bond3.250% 04/22/20320.6%
Hungary Government International Bond6.125% 05/22/20280.6%
El Salvador Government International Bond7.650% 06/15/20350.6%
Abu Dhabi Government International Bond3.125% 09/30/20490.6%
Romanian Government International Bond6.625% 02/17/20280.6%
Ecuador Government International Bond0.000% 07/31/20400.6%
Bahrain Government International Bond7.500% 09/20/20470.6%
Comision Federal de Electricidad3.875% 07/26/20330.6%
Guatemala Government Bond4.375% 06/05/20270.5%
Bank Gospodarstwa Krajowego5.375% 05/22/20330.5%
Oil and Gas Holding Co BSCC/The7.625% 11/07/20240.5%
Sri Lanka Government International Bond6.750% 04/18/20280.5%
Dominican Republic International Bond5.300% 01/21/20410.5%
Panama Government International Bond4.300% 04/29/20530.5%
Turkiye Ihracat Kredi Bankasi AS9.000% 01/28/20270.5%
Pertamina Persero PT5.625% 05/20/20430.5%
Panama Government International Bond3.870% 07/23/20600.5%
WE Soda Investments Holding PLC9.500% 10/06/20280.5%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara4.000% 06/30/20500.5%
Banco Internacional del Peru SAA Interbank3.250% 10/04/20260.5%
EIG Pearl Holdings Sarl3.545% 08/31/20360.5%
Hungary Government International Bond3.125% 09/21/20510.5%
Chile Government International Bond5.330% 01/05/20540.5%
Petroleos Mexicanos6.500% 06/02/20410.5%
Paraguay Government International Bond5.400% 03/30/20500.5%
Petroleos Mexicanos6.750% 09/21/20470.5%
Serbia International Bond6.250% 05/26/20280.5%
Ecuador Government International Bond0.000% 07/31/20350.5%
Indika Energy Capital IV Pte Ltd8.250% 10/22/20250.5%
Sweihan PV Power Co PJSC3.625% 01/31/20490.5%
Sri Lanka Government International Bond5.875% 07/25/20220.5%
Trinidad & Tobago Government International Bond5.950% 01/14/20310.5%
Egypt Government International Bond7.903% 02/21/20480.5%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.5%
Comision Federal de Electricidad3.348% 02/09/20310.5%
Corp Nacional del Cobre de Chile3.000% 09/30/20290.4%
CBB International Sukuk Programme Co WLL6.250% 10/18/20300.4%
Jordan Government International Bond7.500% 01/13/20290.4%
Paraguay Government International Bond5.850% 08/21/20330.4%
NBK Tier 1 Financing 2 Ltd4.500% 05/27/21720.4%
QatarEnergy3.300% 07/12/20510.4%
Morocco Government International Bond3.000% 12/15/20320.4%
African Export-Import Bank/The2.634% 05/17/20260.4%
Petronas Energy Canada Ltd2.112% 03/23/20280.4%
Banco Latinoamericano de Comercio Exterior SA2.375% 09/14/20250.4%
Ukraine Government International Bond7.375% 09/25/20340.4%
US 10yr Ultra Fut Dec230.000% 12/29/20230.4%
Costa Rica Government International Bond5.625% 04/30/20430.4%
Corp Nacional del Cobre de Chile6.300% 09/08/20530.4%
Republic of Azerbaijan International Bond3.500% 09/01/20320.4%
Jordan Government International Bond5.850% 07/07/20300.4%
Colombia Government International Bond4.125% 05/15/20510.4%
Nigeria Government International Bond8.250% 09/28/20510.4%
Ghana Government International Bond6.375% 02/11/20270.4%
Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.4%
UAE INTERNATIONAL GOVERNMENT BOND3.250% 10/19/20610.4%
Bank Gospodarstwa Krajowego6.250% 10/31/20280.4%
Indian Railway Finance Corp Ltd2.800% 02/10/20310.4%
Colombia Government International Bond3.000% 01/30/20300.4%
Finance Department Government of Sharjah3.625% 03/10/20330.4%
Qatar Government International Bond4.400% 04/16/20500.4%
Uruguay Government International Bond5.750% 10/28/20340.4%
Romanian Government International Bond4.000% 02/14/20510.4%
Banco Nacional de Panama2.500% 08/11/20300.4%
Republic of Kenya Government International Bond6.300% 01/23/20340.3%
Egypt Government International Bond7.600% 03/01/20290.3%
Republic of Poland Government International Bond5.500% 04/04/20530.3%
Prosus NV3.832% 02/08/20510.3%
Kazakhstan Government International Bond4.875% 10/14/20440.3%
Argentine Republic Government International Bond4.250% 01/09/20380.3%
Adani Ports & Special Economic Zone Ltd3.100% 02/02/20310.3%
Sri Lanka Government International Bond5.750% 04/18/20230.3%
Guatemala Government Bond6.125% 06/01/20500.3%
Indonesia Government International Bond3.500% 02/14/20500.3%
Turkiye Vakiflar Bankasi TAO9.000% 10/12/20280.3%
Mexico Government International Bond3.771% 05/24/20610.3%
Alfa Desarrollo SpA4.550% 09/27/20510.3%
Argentine Republic Government International Bond3.500% 07/09/20410.3%
Brazilian Government International Bond5.000% 01/27/20450.3%
Ghana Government International Bond7.625% 05/16/20290.3%
AI Candelaria Spain SA5.750% 06/15/20330.3%
Morocco Government International Bond4.000% 12/15/20500.3%
Ghana Government International Bond8.627% 06/16/20490.3%
Republic of Uzbekistan International Bond7.850% 10/12/20280.3%
US ULTRA BOND CBT Dec230.000% 12/29/20230.3%
Angolan Government International Bond9.125% 11/26/20490.3%
Republic of Kenya Government International Bond6.875% 06/24/20240.3%
MDGH GMTN RSC Ltd5.500% 04/28/20330.3%
Senegal Government International Bond6.250% 05/23/20330.3%
Bank Leumi Le-Israel BM5.125% 07/27/20270.3%
Zambia Government International Bond8.500% 04/14/20240.3%
Banco Continental SAECA2.750% 12/10/20250.3%
Sri Lanka Government International Bond7.550% 03/28/20300.3%
Egypt Government International Bond8.750% 09/30/20510.3%
Bermuda Government International Bond2.375% 08/20/20300.2%
Peruvian Government International Bond2.780% 12/01/20600.2%
MHP SE7.750% 05/10/20240.2%
Saudi Arabian Oil Co2.250% 11/24/20300.2%
Petroleos Mexicanos6.490% 01/23/20270.2%
Pakistan Government International Bond6.000% 04/08/20260.2%
Senegal Government International Bond6.750% 03/13/20480.2%
OCP SA5.125% 06/23/20510.2%
Mexico Government International Bond4.875% 05/19/20330.2%
Venezuela Government International Bond12.750% 08/23/20490.2%
Ghana Government International Bond8.625% 04/07/20340.2%
Corp Nacional del Cobre de Chile3.750% 01/15/20310.2%
Abu Dhabi National Energy Co PJSC4.696% 04/24/20330.2%
Ecopetrol SA5.875% 11/02/20510.2%
Uruguay Government International Bond4.975% 04/20/20550.2%
Guatemala Government Bond3.700% 10/07/20330.2%
Republic of Kenya Government International Bond7.000% 05/22/20270.2%
Bank Leumi Le-Israel BM3.275% 01/29/20310.2%
CITGO Petroleum Corp8.375% 01/15/20290.2%
Senegal Government International Bond5.375% 06/08/20370.1%
Tunisian Republic5.750% 01/30/20250.1%
Saudi Arabian Oil Co3.250% 11/24/20500.1%
Lebanon Government International Bond6.650% 02/26/20300.1%
Mexican Bonos7.750% 05/29/20310.1%
US 5YR NOTE (CBT) Dec230.000% 01/04/20240.1%
FX USD/EUR 12/230.000% 12/13/20230.0%
FX EUR/USD 12/230.000% 12/13/20230.0%
FX EUR/USD 12/230.000% 12/13/20230.0%
EURO-BUND FUTURE Dec230.000% 12/11/20230.0%
EURO-BUXL 30Y BND Dec230.000% 12/11/20230.0%
US 2YR NOTE (CBT) Dec230.000% 01/04/20240.0%
US 10YR NOTE (CBT)Dec230.000% 12/29/2023-0.1%
US LONG BOND(CBT) Dec230.000% 12/29/2023-0.6%

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 12/05/2023
$0.19713
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2023 $0.01956 $3.98
Daily Daily 10/31/2023 $0.01991 $3.78
Daily Daily 09/30/2023 $0.01852 $3.85
Daily Daily 08/31/2023 $0.01964 $3.97
Daily Daily 07/31/2023 $0.01940 $4.06
Daily Daily 06/30/2023 $0.01731 $4.00
Daily Daily 05/31/2023 $0.01648 $3.94
Daily Daily 04/30/2023 $0.01633 $3.98
Daily Daily 03/31/2023 $0.01644 $3.97
Daily Daily 02/28/2023 $0.01677 $3.96
Daily Daily 01/31/2023 $0.01678 $4.08

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 12/31/2023

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
07/28/2011 07/29/2011 - $0.0337 $0.0337 $6.95
*

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

Expense Ratioas of 10/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.75% 0.75%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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

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There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

1

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.

 

2

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

3

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

Effective August 1, 2018, the Fund changed its name from Lord Abbett Emerging Markets Currency Fund to Lord Abbett Emerging Markets Bond Fund and transitioned its investment approach from an emerging market currency-oriented strategy to a strategy of investing in a diversified portfolio of emerging market corporate and sovereign bonds. Therefore, the performance and the characteristics for the periods prior to August 1, 2018 are not representative of the Fund's current investment strategy. The change in investment approach may affect the Fund's performance.

 

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. Investing in the bond market is also subject to issuer, call, and inflation risk; investments may be worth more or less than the original cost when redeemed. Bonds issued or guaranteed by foreign governments and governmental entities (commonly referred to as ''sovereign debt'') present risks not associated with investments in other types of bonds. The sovereign government or governmental entity issuing or guaranteeing the debt may be unable or unwilling to make interest payments and/or repay the principal owed. The securities markets of emerging market countries tend to be less liquid, especially subject to greater price volatility, have a smaller market capitalization, have less government regulation and may not be subject to as extensive and frequent accounting, financial and other reporting requirements as securities markets in more developed countries. Further, investing in the securities of issuers located in certain emerging countries may present a greater risk of loss resulting from problems in security registration and custody or substantial economic or political disruptions. The Fund may invest substantially in derivatives, which are subject to certain risks such as liquidity, market, and counterparty risk and the risk that a position could not be closed when most advantageous. Investing in derivatives could cause the Fund to lose more than the amount invested. High-yield, lower-rated securities involve greater credit risk, price volatility, illiquidity, and default risk than higher-rated securities. These factors can affect Fund performance.

 

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.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

The net expense ratio for Class F takes into account a contractual fee waiver/expense reimbursement that currently is scheduled to remain in place through 04/30/2020. For periods when fees and expenses were waived and/or reimbursed, the share class benefited by not bearing such expenses. Without such waivers, performance would have been lower.

 

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 Emerging Markets Bond Index Global (EMBI® Global): The EMBI Global tracks returns for the US dollar-denominated debt intruments issued by emerging market soverign and quasi-sovereign entities:Brady bonds, loans, Eurobonds.

 

The Emerging Markets Bond Index Global Diversified (EMBI® Global Diversified): The EMBI Global Diversified is a uniquely-weighted version of the EMBI Global. It limits the weights of those index countries with larger debt stocks by only including specified portions of these countries' eligible current face amounts of debt outstanding. The countries covered in the EMBI Global Diversified are identical to those covered by the EMBI Global. 

 

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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