LDMAX | Emerging Markets Bond Class A | Lord Abbett

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Emerging Markets Bond

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Daily price w/o sales charge as of 11/29/2023

$3.98

arrowUp$0.03

YTD Returns w/o sales charge as of 11/29/2023

5.15%

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 10/31/2023  

7.24%

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
09/30/1988
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.95%
Fund Net Expense Ratio
0.95%
Number of Holdings
188
Minimum Initial Investment
$1,000+

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

Fund Expense Ratio :

Gross 0.95%

Net 0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/30/1988
w/o sales charge -0.59% 8.16% -4.63% -0.15% -0.83% 3.58%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 1.39% 10.09% -3.52% 0.19% 1.03% -
J.P. Morgan EMBI Global Diversified Index 0.39% 8.36% -4.99% -0.19% 2.05% -
w/ sales charge -2.79% 5.86% -5.38% -0.60% -1.06% 3.51%

Fund Expense Ratio :

Gross 0.95%

Net 0.95%

Fund Expense Ratio :

Gross 0.95%

Net 0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/30/1988
w/o sales charge 1.00% 9.78% -4.14% -0.32% -0.52% 3.63%
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% -
w/ sales charge -1.24% 7.17% -4.89% -0.76% -0.74% 3.57%

Fund Expense Ratio :

Gross 0.95%

Net 0.95%

Returns with sales charges reflect a maximum sales charge of 2.25%.

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

Contact a Representative

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Performance

Performance

Average Yield to Maturity as of

-

30-Day Standardized Yield 1 as of 10/31/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 7.24% 7.24%

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

Fund Expense Ratio :

Gross 0.95%

Net 0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/30/1988
w/o sales charge -0.59% 8.16% -4.63% -0.15% -0.83% 3.58%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 1.39% 10.09% -3.52% 0.19% 1.03% -
J.P. Morgan EMBI Global Diversified Index 0.39% 8.36% -4.99% -0.19% 2.05% -
w/ sales charge -2.79% 5.86% -5.38% -0.60% -1.06% 3.51%

Fund Expense Ratio :

Gross 0.95%

Net 0.95%

Fund Expense Ratio :

Gross 0.95%

Net 0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/30/1988
w/o sales charge 1.00% 9.78% -4.14% -0.32% -0.52% 3.63%
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% -
w/ sales charge -1.24% 7.17% -4.89% -0.76% -0.74% 3.57%

Fund Expense Ratio :

Gross 0.95%

Net 0.95%

Returns with sales charges reflect a maximum sales charge of 2.25%.

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 -15.83% -17.78%
2021 -2.81% -1.80%
2020 4.99% 5.26%
2019 15.91% 15.04%
2018 -6.55% -4.26%
2017 10.73% -
2016 5.68% -
2015 -8.95% -
2014 -5.49% -
2013 -3.21% -
2012 10.69% -
2011 -5.87% -
2010 5.79% -
2009 20.53% -
2008 -11.90% -
2007 7.98% -
2006 5.22% -
2005 -5.61% -
2004 8.40% -
2003 12.79% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 1.46% 1.73% -2.14% - 5.15%
2022 -8.26% -11.66% -4.44% 8.69% -15.83%
2021 -4.68% 3.89% -1.14% -0.73% -2.81%
2020 -15.41% 14.01% 2.11% 6.62% 4.99%
2019 7.44% 4.28% 0.88% 2.55% 15.91%
2018 2.56% -7.92% 1.11% -2.12% -6.55%
2017 5.11% 1.69% 2.25% 1.31% 10.73%
2016 4.12% 1.75% 2.30% -2.49% 5.68%
2015 -2.81% 0.13% -7.26% 0.89% -8.95%
2014 0.91% 2.50% -4.40% -4.42% -5.49%
2013 -0.12% -3.92% 0.51% 0.34% -3.21%
2012 7.01% -2.09% 4.16% 1.43% 10.69%
2011 3.47% 1.91% -9.74% -1.10% -5.87%
2010 2.31% -5.38% 9.00% 0.26% 5.79%
2009 -1.24% 13.14% 6.53% 1.26% 20.53%
2008 2.77% 4.65% -6.46% -12.43% -11.90%
2007 1.20% -1.31% 4.46% 3.51% 7.98%
2006 -0.56% 1.93% 1.95% 1.82% 5.22%
2005 -2.61% -0.81% -1.23% -1.08% -5.61%
2004 1.64% -3.20% 3.15% 6.80% 8.40%
2003 2.68% 4.26% 1.07% 4.24% 12.79%
2002 -0.97% 7.94% 3.19% 4.14% 14.90%
2001 -1.19% -0.88% 6.04% -1.93% 1.87%
2000 -1.33% -0.20% -2.37% 3.97% -0.04%
1999 -4.26% -3.89% 1.44% -2.98% -9.47%
1998 2.03% 1.15% 5.78% 1.50% 10.78%
1997 -2.46% 3.00% 1.80% 1.90% 4.23%
1996 -2.82% 1.29% 3.61% 4.05% 6.12%
1995 7.90% 3.86% 0.88% 4.25% 17.86%
1994 -4.16% -0.62% 0.93% 0.45% -3.40%
1993 5.41% 1.79% 3.16% 0.13% 10.78%
1992 -3.13% 7.11% 4.32% -2.28% 5.76%
1991 -1.46% -1.68% 9.21% 8.06% 14.33%
1990 -2.74% 4.95% 3.37% 6.00% 11.82%
1989 -1.31% 3.47% 2.33% 5.85% 10.61%
1988 - - - 1.41% 1.38%

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

Growth of $10,000 as of 10/31/2023

The chart begins on the Fund's inception date of 09/30/1988.

Based on a hypothetical Class A share investment of $10,000 on 09/30/1988 without sales charge and includes the reinvestment of all distributions.

 

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% 03/12/20311.8%
Turkey Government International Bond4.250% 04/14/20261.8%
Philippine Government International Bond2.650% 12/10/20451.6%
Saudi Government International Bond3.450% 02/02/20611.5%
Mexico Government International Bond2.659% 05/24/20311.5%
KSA Sukuk Ltd5.268% 10/25/20281.5%
Philippine Government International Bond3.229% 03/29/20271.5%
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%
Republic of South Africa Government International Bond4.300% 10/12/20281.2%
Nigeria Government International Bond6.500% 11/28/20271.1%
Republic of South Africa Government International Bond5.750% 09/30/20491.1%
QatarEnergy2.250% 07/12/20311.1%
Turkey Government International Bond5.250% 03/13/20301.1%
Bahrain Government International Bond7.000% 01/26/20261.1%
Dominican Republic International Bond5.950% 01/25/20271.1%
Colombia Government International Bond5.000% 06/15/20451.1%
OmGrid Funding Ltd5.196% 05/16/20271.0%
Chile Government International Bond4.950% 01/05/20361.0%
Dominican Republic International Bond4.500% 01/30/20300.9%
QazaqGaz NC JSC4.375% 09/26/20270.9%
Turkey Government International Bond5.750% 05/11/20470.9%
Brazilian Government International Bond4.750% 01/14/20500.9%
Panama Government International Bond2.252% 09/29/20320.9%
Oman Government International Bond6.750% 01/17/20480.9%
Bahrain Government International Bond5.450% 09/16/20320.8%
Mexico Government International Bond6.338% 05/04/20530.8%
Chile Government International Bond5.330% 01/05/20540.8%
Angolan Government International Bond8.250% 05/09/20280.8%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara4.125% 05/15/20270.8%
Hungary Government International Bond2.125% 09/22/20310.8%
Romanian Government International Bond6.000% 05/25/20340.8%
Petroleos Mexicanos6.840% 01/23/20300.8%
Petronas Energy Canada Ltd2.112% 03/23/20280.8%
EDO Sukuk Ltd5.875% 09/21/20330.8%
Angolan Government International Bond8.750% 04/14/20320.8%
Egypt Government International Bond7.500% 01/31/20270.8%
El Salvador Government International Bond8.250% 04/10/20320.8%
Egypt Government International Bond7.300% 09/30/20330.8%
Petronas Capital Ltd3.404% 04/28/20610.8%
KSA Sukuk Ltd2.250% 05/17/20310.7%
Ecopetrol SA8.625% 01/19/20290.7%
Empresa Nacional del Petroleo3.450% 09/16/20310.7%
Oman Government International Bond6.250% 01/25/20310.7%
Petronas Capital Ltd2.480% 01/28/20320.7%
Qatar Government International Bond4.400% 04/16/20500.7%
Banco do Brasil SA/Cayman3.250% 09/30/20260.7%
Pertamina Persero PT3.100% 01/21/20300.7%
Reliance Industries Ltd2.875% 01/12/20320.7%
Argentine Republic Government International Bond0.000% 07/09/20350.7%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.7%
Costa Rica Government International Bond5.625% 04/30/20430.7%
Peruvian Government International Bond1.862% 12/01/20320.7%
Ghana Government International Bond6.375% 02/11/20270.7%
Dominican Republic International Bond5.875% 01/30/20600.6%
Korea National Oil Corp4.750% 04/03/20260.6%
Turkey Government International Bond5.950% 01/15/20310.6%
Akbank TAS6.800% 02/06/20260.6%
Perusahaan Penerbit SBSN Indonesia III4.700% 06/06/20320.6%
KazMunayGas National Co JSC4.750% 04/19/20270.6%
Abu Dhabi Government International Bond3.125% 09/30/20490.6%
Petroleos Mexicanos6.700% 02/16/20320.6%
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%
Bahrain Government International Bond7.500% 09/20/20470.6%
El Salvador Government International Bond7.650% 06/15/20350.6%
Panama Government International Bond4.300% 04/29/20530.6%
Romanian Government International Bond6.625% 02/17/20280.6%
Comision Federal de Electricidad3.875% 07/26/20330.6%
Panama Government International Bond3.870% 07/23/20600.5%
Guatemala Government Bond4.375% 06/05/20270.5%
Ecuador Government International Bond0.000% 07/31/20400.5%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara4.000% 06/30/20500.5%
Oil and Gas Holding Co BSCC/The7.625% 11/07/20240.5%
Pertamina Persero PT5.625% 05/20/20430.5%
Dominican Republic International Bond5.300% 01/21/20410.5%
EIG Pearl Holdings Sarl3.545% 08/31/20360.5%
Banco Internacional del Peru SAA Interbank3.250% 10/04/20260.5%
Paraguay Government International Bond5.400% 03/30/20500.5%
WE Soda Investments Holding PLC9.500% 10/06/20280.5%
Sri Lanka Government International Bond6.750% 04/18/20280.5%
Export-Import Bank of Korea3.500% 06/07/20260.5%
Petroleos Mexicanos6.750% 09/21/20470.5%
Petroleos Mexicanos6.500% 06/02/20410.5%
Indika Energy Capital IV Pte Ltd8.250% 10/22/20250.5%
Sweihan PV Power Co PJSC3.625% 01/31/20490.5%
CBB International Sukuk Programme Co WLL6.250% 10/18/20300.5%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.5%
Costa Rica Government International Bond6.550% 04/03/20340.5%
Serbia International Bond6.250% 05/26/20280.5%
Corp Nacional del Cobre de Chile3.000% 09/30/20290.5%
Trinidad & Tobago Government International Bond5.950% 01/14/20310.5%
Jordan Government International Bond7.500% 01/13/20290.5%
QatarEnergy3.300% 07/12/20510.5%
Comision Federal de Electricidad3.348% 02/09/20310.4%
Hanwha Energy USA Holdings Corp4.125% 07/05/20250.4%
Ecuador Government International Bond0.000% 07/31/20350.4%
Egypt Government International Bond7.903% 02/21/20480.4%
Paraguay Government International Bond5.850% 08/21/20330.4%
Corp Nacional del Cobre de Chile6.300% 09/08/20530.4%
NBK Tier 1 Financing 2 Ltd4.500% 05/27/21720.4%
Morocco Government International Bond3.000% 12/15/20320.4%
Ukraine Government International Bond7.375% 09/25/20340.4%
UAE INTERNATIONAL GOVERNMENT BOND3.250% 10/19/20610.4%
Jordan Government International Bond5.850% 07/07/20300.4%
Sri Lanka Government International Bond5.875% 07/25/20220.4%
African Export-Import Bank/The2.634% 05/17/20260.4%
Republic of Azerbaijan International Bond3.500% 09/01/20320.4%
Banco Latinoamericano de Comercio Exterior SA2.375% 09/14/20250.4%
Nigeria Government International Bond7.375% 09/28/20330.4%
Colombia Government International Bond4.125% 05/15/20510.4%
Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.4%
Qatar Government International Bond4.400% 04/16/20500.4%
Nigeria Government International Bond8.250% 09/28/20510.4%
Bank Hapoalim BM3.255% 01/21/20320.4%
Indian Railway Finance Corp Ltd2.800% 02/10/20310.4%
Uruguay Government International Bond5.750% 10/28/20340.4%
Finance Department Government of Sharjah3.625% 03/10/20330.4%
Colombia Government International Bond3.000% 01/30/20300.4%
Banco Nacional de Panama2.500% 08/11/20300.4%
Romanian Government International Bond4.000% 02/14/20510.4%
Prosus NV3.832% 02/08/20510.3%
Republic of Poland Government International Bond5.500% 04/04/20530.3%
Egypt Government International Bond7.600% 03/01/20290.3%
Kazakhstan Government International Bond4.875% 10/14/20440.3%
Guatemala Government Bond6.125% 06/01/20500.3%
Republic of Kenya Government International Bond6.300% 01/23/20340.3%
Panama Government International Bond4.500% 04/16/20500.3%
Adani Ports & Special Economic Zone Ltd3.100% 02/02/20310.3%
Indonesia Government International Bond3.500% 02/14/20500.3%
Alfa Desarrollo SpA4.550% 09/27/20510.3%
Mexico Government International Bond3.771% 05/24/20610.3%
Bank Gospodarstwa Krajowego5.375% 05/22/20330.3%
HUNGARY GOVERNMENT INTERNATION3.125% 09/21/20510.3%
Argentine Republic Government International Bond0.000% 01/09/20380.3%
Brazilian Government International Bond5.000% 01/27/20450.3%
Turkiye Vakiflar Bankasi TAO9.000% 10/12/20280.3%
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%
Argentine Republic Government International Bond0.000% 07/09/20410.3%
Ghana Government International Bond8.627% 06/16/20490.3%
MDGH GMTN RSC Ltd5.500% 04/28/20330.3%
Sri Lanka Government International Bond5.750% 04/18/20230.3%
Angolan Government International Bond9.125% 11/26/20490.3%
Bank Leumi Le-Israel BM5.125% 07/27/20270.3%
Egypt Government International Bond8.750% 09/30/20510.3%
Senegal Government International Bond6.250% 05/23/20330.3%
Republic of Kenya Government International Bond6.875% 06/24/20240.3%
Banco Continental SAECA2.750% 12/10/20250.3%
US 10yr Ultra Fut Dec230.000% 12/29/20230.2%
Bermuda Government International Bond2.375% 08/20/20300.2%
Sri Lanka Government International Bond7.550% 03/28/20300.2%
Peruvian Government International Bond2.780% 12/01/20600.2%
Zambia Government International Bond8.500% 04/14/20240.2%
Saudi Arabian Oil Co2.250% 11/24/20300.2%
OCP SA5.125% 06/23/20510.2%
Petroleos Mexicanos6.490% 01/23/20270.2%
Senegal Government International Bond6.750% 03/13/20480.2%
Pakistan Government International Bond6.000% 04/08/20260.2%
Mexico Government International Bond4.875% 05/19/20330.2%
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%
Uruguay Government International Bond4.975% 04/20/20550.2%
Ecopetrol SA5.875% 11/02/20510.2%
Guatemala Government Bond3.700% 10/07/20330.2%
Bank Leumi Le-Israel BM3.275% 01/29/20310.2%
Republic of Kenya Government International Bond7.000% 05/22/20270.2%
CITGO Petroleum Corp8.375% 01/15/20290.2%
Lebanon Government International Bond6.650% 02/26/20300.1%
US ULTRA BOND CBT Dec230.000% 12/29/20230.1%
Senegal Government International Bond5.375% 06/08/20370.1%
Saudi Arabian Oil Co3.250% 11/24/20500.1%
Tunisian Republic5.750% 01/30/20250.1%
Mexican Bonos7.750% 05/29/20310.1%
US 5YR NOTE (CBT) Dec230.000% 01/04/20240.0%
FX USD/EUR 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% 12/29/20230.0%
US LONG BOND(CBT) Dec230.000% 12/29/2023-0.4%

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 11/29/2023
$0.17124
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 10/31/2023 $0.01930 $3.78
Daily Daily 09/30/2023 $0.01790 $3.86
Daily Daily 08/31/2023 $0.01898 $3.98
Daily Daily 07/31/2023 $0.01875 $4.07
Daily Daily 06/30/2023 $0.01669 $4.00
Daily Daily 05/31/2023 $0.01583 $3.94
Daily Daily 04/30/2023 $0.01570 $3.99
Daily Daily 03/31/2023 $0.01580 $3.98
Daily Daily 02/28/2023 $0.01618 $3.96
Daily Daily 01/31/2023 $0.01612 $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 11/30/2023
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 $6.96
*

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 11/29/2023

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $4.07
$100,000 to $249,999 1.75% 1.50% $4.05
$250,000 to $499,999 1.25% 1.00% $4.03
Greater than $500,000 0.00% 1.00% $3.98

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.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 10/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.95% 0.95%

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.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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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