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 08/31/2020

Total Net Assets
$59.25 M
Inception Date
Dividend Frequency
-
Number of Holdings
209

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

Credit Quality Distribution as of 08/31/2020 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-Director of Taxable Fixed Income

19 Years of Industry Experience

Mila Skulkina
Mila Skulkina

Portfolio Manager

19 Years of Industry Experience

Supported By 62 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
High Yield 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 08/31/2020

Rating Assets
AA
A
BBB
<BBB
Not Rated

Portfolio Positioningas of 06/30/2020

  • 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 believe the coronavirus outbreak’s implication to emerging markets countries in Asia depends on their respective exposures to natural resources exports, tourism, and the local COVID-19 situations.
  • EM economies felt the full weight of a risk sell-off when the COVID-19 pandemic began in earnest. EM currencies depreciated sharply; however, inflation rates in Emerging Markets have generally remained low and within the target range of central banks. We expect inflation rates to fall in reflection of the contractionary economic effects of the pandemic and lower commodity prices thus giving central banks rooms to ease.

Portfolio Details as of 08/31/2020

Total Net Assets
$59.25 M
Number of Issues
209
Average Coupon
5.36%
Average Life
8.95 Years
Average Maturity
8.81 Years
Average Modified Duration
5.24 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
09/01/2020 09/30/2020 09/30/2020
10/01/2020 10/31/2020 10/31/2020
11/01/2020 11/30/2020 11/30/2020
12/01/2020 12/31/2020 12/31/2020

Fees & Expenses

Fees & Expenses

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
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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Class R2 - The performance quotations for Class R2 reflect the following methods of calculation: (a) for periods prior to the inception date for Class R2, a restated figure is used based on the Fund's Class A performance, excluding the effect of Class A's maximum sales charge (which does not apply to Class R2) adjusted to reflect the Rule 12b-1 rate differential between Class A and Class R2, which has a higher 12b-1 fee than Class A; and (b) for periods after the inception date for Class R2, actual Class R2 performance is used reflecting all charges and fees applicable to Class R2 shares. Hypothetical performance data for Class R2, as measured from since inception of the Fund using the methodology described above, is not available if the Class A inception date is equal or greater than ten years old. Please refer to the Class R2 performance information for the inception date for Class R2. Please refer to the Class A performance information for the inception date for Class A.

Class R2 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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