LDMQX | Emerging Markets Bond Class R2 | Lord Abbett

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Emerging Markets Bond

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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.

Fund Basicsas of 08/31/2023

Total Net Assets
$113.29 M
Inception Date
Dividend Frequency
-
Number of Holdings
179
Region Assets
Latin America
Middle East/Africa
Asia
Europe
North America
Other

Credit Quality Distribution as of 08/31/2023

Rating Assets
AA
A
BBB
BB
B
CCC

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

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

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
S.T & N.O.A
1 - 5 YEARS
6 - 10 YEARS
11 - 20 YEARS
21 - 30 YEARS
31 + YEARS
PFD(EQUITY)

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 08/31/2023

Rating Assets
AA
A
BBB
BB
B
CCC

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 08/31/2023

Total Net Assets
$113.29 M
Average Effective Duration
6.83 Years
Average Life
12.35 Years
Average Maturity
12.54 Years
Average Modified Duration
6.84 Years
Number of Issues
179
Average Yield to Maturity
8.27%

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%
Turkey Government International Bond 4.250% 04/14/2026 1.7%
Philippine Government International Bond 2.650% 12/10/2045 1.6%
Saudi Government International Bond 3.450% 02/02/2061 1.6%
Mexico Government International Bond 2.659% 05/24/2031 1.5%
KSA Sukuk Ltd 5.268% 10/25/2028 1.5%
Philippine Government International Bond 3.229% 03/29/2027 1.4%
Peruvian Government International Bond 3.000% 01/15/2034 1.4%
Brazilian Government International Bond 3.750% 09/12/2031 1.3%
Republic of South Africa Government International Bond 4.300% 10/12/2028 1.1%
% of Total Assets 15.0%
Holding Coupon Maturity Assets
Indonesia Government International Bond1.850% 03/12/20311.8%
Turkey Government International Bond4.250% 04/14/20261.7%
Philippine Government International Bond2.650% 12/10/20451.6%
Saudi Government International Bond3.450% 02/02/20611.6%
Mexico Government International Bond2.659% 05/24/20311.5%
Nigeria Government International Bond6.500% 11/28/20271.4%
KSA Sukuk Ltd5.268% 10/25/20281.4%
Philippine Government International Bond3.229% 03/29/20271.4%
Peruvian Government International Bond3.000% 01/15/20341.3%
Brazilian Government International Bond3.750% 09/12/20311.2%
Bahrain Government International Bond5.450% 09/16/20321.2%
Republic of South Africa Government International Bond5.750% 09/30/20491.2%
Eskom Holdings SOC Ltd7.125% 02/11/20251.1%
Republic of South Africa Government International Bond4.300% 10/12/20281.1%
Turkey Government International Bond5.250% 03/13/20301.1%
Colombia Government International Bond5.000% 06/15/20451.1%
QatarEnergy2.250% 07/12/20311.1%
Dominican Republic International Bond5.950% 01/25/20271.0%
Bahrain Government International Bond7.000% 01/26/20261.0%
OmGrid Funding Ltd5.196% 05/16/20271.0%
Panama Government International Bond4.500% 04/16/20501.0%
Chile Government International Bond4.950% 01/05/20361.0%
Brazilian Government International Bond4.750% 01/14/20500.9%
Turkey Government International Bond5.750% 05/11/20470.9%
Dominican Republic International Bond4.500% 01/30/20300.9%
Chile Government International Bond5.330% 01/05/20540.9%
QazaqGaz NC JSC4.375% 09/26/20270.9%
Ecuador Government International Bond2.500% 07/31/20400.9%
Panama Government International Bond2.252% 09/29/20320.9%
Mexico Government International Bond6.338% 05/04/20530.9%
Oman Government International Bond6.750% 01/17/20480.8%
Hungary Government International Bond2.125% 09/22/20310.8%
Angolan Government International Bond8.250% 05/09/20280.8%
Petronas Capital Ltd3.404% 04/28/20610.8%
Argentine Republic Government International Bond0.000% 07/09/20350.8%
Egypt Government International Bond7.500% 01/31/20270.8%
Angolan Government International Bond8.750% 04/14/20320.8%
Egypt Government International Bond7.300% 09/30/20330.8%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara4.125% 05/15/20270.8%
Petronas Energy Canada Ltd2.112% 03/23/20280.8%
Petroleos Mexicanos6.840% 01/23/20300.8%
Nigeria Government International Bond7.375% 09/28/20330.7%
OQ SAOC5.125% 05/06/20280.7%
Qatar Government International Bond4.400% 04/16/20500.7%
Empresa Nacional del Petroleo3.450% 09/16/20310.7%
Kazakhstan Government International Bond4.875% 10/14/20440.7%
KSA Sukuk Ltd2.250% 05/17/20310.7%
Gabon Government International Bond7.000% 11/24/20310.7%
Petronas Capital Ltd2.480% 01/28/20320.7%
Oman Government International Bond6.250% 01/25/20310.7%
Ecopetrol SA8.625% 01/19/20290.7%
Ghana Government International Bond6.375% 02/11/20270.7%
Pertamina Persero PT3.100% 01/21/20300.7%
Banco do Brasil SA/Cayman3.250% 09/30/20260.7%
Reliance Industries Ltd2.875% 01/12/20320.7%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.7%
Dominican Republic International Bond5.875% 01/30/20600.7%
Peruvian Government International Bond1.862% 12/01/20320.6%
Costa Rica Government International Bond5.625% 04/30/20430.6%
Abu Dhabi Government International Bond3.125% 09/30/20490.6%
El Salvador Government International Bond8.250% 04/10/20320.6%
Corp Nacional del Cobre de Chile3.750% 01/15/20310.6%
Romanian Government International Bond2.625% 12/02/20400.6%
Petroleos Mexicanos6.700% 02/16/20320.6%
Akbank TAS6.800% 02/06/20260.6%
Panama Government International Bond4.300% 04/29/20530.6%
Perusahaan Penerbit SBSN Indonesia III4.700% 06/06/20320.6%
Korea National Oil Corp4.750% 04/03/20260.6%
Eskom Holdings SOC Ltd6.350% 08/10/20280.6%
KSA Sukuk Ltd4.274% 05/22/20290.6%
Colombia Government International Bond3.250% 04/22/20320.6%
KazMunayGas National Co JSC4.750% 04/19/20270.6%
Panama Government International Bond3.870% 07/23/20600.6%
Senegal Government International Bond6.250% 05/23/20330.6%
Romanian Government International Bond6.625% 02/17/20280.5%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara4.000% 06/30/20500.5%
Hungary Government International Bond6.125% 05/22/20280.5%
Comision Federal de Electricidad3.875% 07/26/20330.5%
Romanian Government International Bond6.000% 05/25/20340.5%
Pertamina Persero PT5.625% 05/20/20430.5%
Petrobras Global Finance BV6.500% 07/03/20330.5%
Dominican Republic International Bond5.300% 01/21/20410.5%
Paraguay Government International Bond5.400% 03/30/20500.5%
Guatemala Government Bond4.375% 06/05/20270.5%
EIG Pearl Holdings Sarl3.545% 08/31/20360.5%
Petroleos Mexicanos6.750% 09/21/20470.5%
Oil and Gas Holding Co BSCC/The7.625% 11/07/20240.5%
Guatemala Government Bond6.125% 06/01/20500.5%
Banco Internacional del Peru SAA Interbank3.250% 10/04/20260.5%
QatarEnergy3.300% 07/12/20510.5%
Export-Import Bank of Korea3.500% 06/07/20260.5%
Petroleos Mexicanos6.500% 06/02/20410.5%
Egypt Government International Bond7.903% 02/21/20480.5%
Turkiye Ihracat Kredi Bankasi AS5.750% 07/06/20260.5%
Sweihan PV Power Co PJSC3.625% 01/31/20490.4%
CBB International Sukuk Programme Co WLL6.250% 10/18/20300.4%
Costa Rica Government International Bond6.550% 04/03/20340.4%
Corp Nacional del Cobre de Chile3.000% 09/30/20290.4%
Sri Lanka Government International Bond6.750% 04/18/20280.4%
Comision Federal de Electricidad3.348% 02/09/20310.4%
UAE INTERNATIONAL GOVERNMENT BOND3.250% 10/19/20610.4%
Indika Energy Capital IV Pte Ltd8.250% 10/22/20250.4%
Jordan Government International Bond7.500% 01/13/20290.4%
Serbia International Bond6.250% 05/26/20280.4%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.4%
Paraguay Government International Bond5.850% 08/21/20330.4%
Nigeria Government International Bond8.250% 09/28/20510.4%
Hanwha Energy USA Holdings Corp4.125% 07/05/20250.4%
Morocco Government International Bond3.000% 12/15/20320.4%
Colombia Government International Bond4.125% 05/15/20510.4%
Republic of Azerbaijan International Bond3.500% 09/01/20320.4%
Jordan Government International Bond5.850% 07/07/20300.4%
NBK Tier 1 Financing 2 Ltd4.500% 05/27/21720.4%
Republic of Kenya Government International Bond7.000% 05/22/20270.4%
Qatar Government International Bond4.400% 04/16/20500.4%
African Export-Import Bank/The2.634% 05/17/20260.4%
Banco Latinoamericano de Comercio Exterior SA2.375% 09/14/20250.4%
Sri Lanka Government International Bond5.875% 07/25/20220.4%
Ecuador Government International Bond3.500% 07/31/20350.4%
Turkey Government International Bond5.950% 01/15/20310.4%
Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.4%
Egypt Government International Bond7.600% 03/01/20290.4%
Prosus NV3.832% 02/08/20510.4%
Finance Department Government of Sharjah3.625% 03/10/20330.4%
Indian Railway Finance Corp Ltd2.800% 02/10/20310.4%
Uruguay Government International Bond5.750% 10/28/20340.4%
Republic of Poland Government International Bond5.500% 04/04/20530.4%
Bank Hapoalim BM3.255% 01/21/20320.4%
Banco Nacional de Panama2.500% 08/11/20300.3%
Colombia Government International Bond3.000% 01/30/20300.3%
El Salvador Government International Bond7.650% 06/15/20350.3%
Republic of Kenya Government International Bond6.300% 01/23/20340.3%
Argentine Republic Government International Bond0.000% 01/09/20380.3%
Indonesia Government International Bond3.500% 02/14/20500.3%
Mexico Government International Bond3.771% 05/24/20610.3%
Alfa Desarrollo SpA4.550% 09/27/20510.3%
Argentine Republic Government International Bond0.000% 07/09/20410.3%
Adani Ports & Special Economic Zone Ltd3.100% 02/02/20310.3%
Brazilian Government International Bond5.000% 01/27/20450.3%
Bank Gospodarstwa Krajowego5.375% 05/22/20330.3%
Morocco Government International Bond4.000% 12/15/20500.3%
AI Candelaria Spain SA5.750% 06/15/20330.3%
Ghana Government International Bond7.625% 05/16/20290.3%
Angolan Government International Bond9.125% 11/26/20490.3%
Ghana Government International Bond8.627% 06/16/20490.3%
MDGH GMTN RSC Ltd5.500% 04/28/20330.3%
Egypt Government International Bond8.750% 09/30/20510.3%
Bank Leumi Le-Israel BM5.125% 07/27/20270.3%
Republic of Kenya Government International Bond6.875% 06/24/20240.2%
Sri Lanka Government International Bond5.750% 04/18/20230.2%
Peruvian Government International Bond2.780% 12/01/20600.2%
Banco Continental SAECA2.750% 12/10/20250.2%
Bermuda Government International Bond2.375% 08/20/20300.2%
OCP SA5.125% 06/23/20510.2%
US 10yr Ultra Fut Sep230.000% 09/29/20230.2%
Zambia Government International Bond8.500% 04/14/20240.2%
Bahrain Government International Bond6.000% 09/19/20440.2%
Saudi Arabian Oil Co2.250% 11/24/20300.2%
Abu Dhabi Government International Bond1.700% 03/02/20310.2%
Sri Lanka Government International Bond7.550% 03/28/20300.2%
Mexico Government International Bond4.875% 05/19/20330.2%
Pakistan Government International Bond6.000% 04/08/20260.2%
Petroleos Mexicanos6.490% 01/23/20270.2%
Ghana Government International Bond8.625% 04/07/20340.2%
Uruguay Government International Bond4.975% 04/20/20550.2%
Abu Dhabi National Energy Co PJSC4.696% 04/24/20330.2%
Huarong Finance 2019 Co Ltd3.375% 02/24/20300.2%
Ecopetrol SA5.875% 11/02/20510.2%
Bank Leumi Le-Israel BM3.275% 01/29/20310.2%
Senegal Government International Bond5.375% 06/08/20370.1%
Saudi Arabian Oil Co3.250% 11/24/20500.1%
Lebanon Government International Bond6.650% 02/26/20300.1%
Tunisian Republic5.750% 01/30/20250.1%
Mexican Bonos7.750% 05/29/20310.1%
US ULTRA BOND CBT Sep230.000% 09/29/20230.1%
US 5YR NOTE (CBT) Sep230.000% 10/04/20230.1%
EURO-BUND FUTURE Sep230.000% 09/11/20230.0%
EURO-BUXL 30Y BND Sep230.000% 09/11/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
US 10YR NOTE (CBT)Sep230.000% 09/29/20230.0%
US 2YR NOTE (CBT) Sep230.000% 10/04/2023-0.1%
US LONG BOND(CBT) Sep230.000% 09/29/2023-0.2%

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

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
09/01/2023 09/30/2023 09/30/2023
10/01/2023 10/31/2023 10/31/2023
11/01/2023 11/30/2023 11/30/2023
12/01/2023 12/31/2023 12/31/2023

Fees & Expenses

Fees & Expenses

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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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

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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