LCDQX | Emerging Markets Corporate Debt Fund Class R2 | Lord Abbett
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Emerging Markets Corporate Debt Fund

Summary

Summary

What is the Emerging Markets Corporate Debt Fund?

The Fund seeks to deliver current income and long term growth of capital by investing primarily in emerging markets corporate debt securities.

DOLLAR DENOMINATED

Provides an allocation to global investment opportunities without the currency volatility of local debt.

HISTORICALLY HIGHER YIELDS

EM Corporate Debt has provided higher yields than comparably rated U.S. corporate bonds.

STRONG PERFORMANCE

Has provided solid performance, with low expenses, relative to peers.

Fund Basicsas of 12/31/2020

Total Net Assets
$64.63 M
Inception Date
Dividend Frequency
-
Number of Holdings
224

RELATED CONTENT

Emerging-Market Credit Gets a Boost
August 5, 2019

Easier financial conditions have been almost always positive for emerging-market debt, especially when interest-rate differentials are growing larger between advanced and emerging markets.

Country Assets
China
Brazil
United Arab Emirates
Turkey
Mexico
India
Chile
Colombia
Russia
Saudi Arabia
Peru
Israel
Panama
Macau
South Korea
Argentina
United States
South Africa
Thailand
Qatar
Indonesia
Ukraine
Kuwait
Zambia
Hong Kong
Paraguay
Vietnam
Kazakhstan
Morocco
Egypt
Nigeria
Singapore
Spain
Netherlands
Luxembourg
United Kingdom
Mongolia
Poland
Bahrain
Ghana
Tanzania
Region Assets
Asia
Latin America
Middle East/Africa
Europe
North America

Credit Quality Distribution as of 12/31/2020 View Portfolio

Rating Assets
AA
A
BBB
<BBB
Not Rated

INVESTMENT TEAM

John J. Morton
John J. Morton, CFA

Portfolio Manager

35 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Mila Skulkina
Mila Skulkina, CFA

Portfolio Manager

19 Years of Industry Experience

Supported By 64 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Portfolio

Portfolio

Rating Assets
High Yield Corporate
Investment Grade Corporate
Sovereign
Other
Cash
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

Credit Quality Distribution as of 12/31/2020

Rating Assets
AA
A
BBB
<BBB
Not Rated

Portfolio Positioningas of 09/30/2020

  • Within China, government support is focused on alleviating financial pressure on companies via targeted tax cuts and preferential lending. Additionally, the government is seeking to incentivize personal consumption by increasing subsidies and relaxing certain purchase restrictions.
  • We are positive on emerging markets due to the tailwind provided by a gradual economic recovery. Further, global policy makers have installed supportive measures.
  • With regard to the U.S. election in November, a second term for President Trump likely means foreign policy moves would continue to diverge from those of previous administrations. Trade relations are likely to continue to dominate headlines and tensions with China are unlikely to abate.
  • In the event former Vice President Joe Biden wins the general election, we expect to see renewed support for globalization, potentially through multi-lateral agreements.

Portfolio Details as of 12/31/2020

Total Net Assets
$64.63 M
Number of Issues
224
Average Coupon
5.23%
Average Life
8.82 Years
Average Maturity
8.7 Years
Average Modified Duration
5.4 Years

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
01/01/2021 01/31/2021 01/31/2021
02/01/2021 02/28/2021 02/28/2021
03/01/2021 03/31/2021 03/31/2021
04/01/2021 04/30/2021 04/30/2021
05/01/2021 05/31/2021 05/31/2021
06/01/2021 06/30/2021 06/30/2021
07/01/2021 07/31/2021 07/31/2021
08/01/2021 08/31/2021 08/31/2021
09/01/2021 09/30/2021 09/30/2021
10/01/2021 10/31/2021 10/31/2021
11/01/2021 11/30/2021 11/30/2021
12/01/2020 12/31/2021 12/31/2021

Fees & Expenses

Fees & Expenses

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
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
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015

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