LCDRX | Emerging Markets Corporate Debt Fund Class R3 | Lord Abbett
Image alt tag

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

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.

 

Yield

Dividend Yield 1 as of 04/21/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.65% 3.08%

30-Day Standardized Yield 2 as of 03/31/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.68% 2.37%

Fund Basicsas of 03/31/2021

Total Net Assets
$69.84 M
Inception Date
12/31/2013
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.92%
Fund Net Expense Ratio
1.35%
Number of Holdings
244

Fund Expense Ratio :

Gross 1.92%

Net 1.35%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge -1.72% 19.29% 4.78% 5.21% - 5.45%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds -3.83% 19.88% 2.99% 4.98% - -
J.P. Morgan CEMBI Broad Diversified Index -0.80% 18.31% 6.13% 6.14% - 5.63%

Fund Expense Ratio :

Gross 1.92%

Net 1.35%

Fund Expense Ratio :

Gross 1.92%

Net 1.35%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge -1.72% 19.29% 4.78% 5.21% - 5.45%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds -3.83% 19.88% 2.99% 4.98% - -
J.P. Morgan CEMBI Broad Diversified Index -0.80% 18.31% 6.13% 6.14% - 5.63%

Fund Expense Ratio :

Gross 1.92%

Net 1.35%

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

Credit Quality Distribution as of 03/31/2021 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 65 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 04/21/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.65% 3.08%

30-Day Standardized Yield 2 as of 03/31/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.68% 2.37%

Fund Expense Ratio :

Gross 1.92%

Net 1.35%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge -1.72% 19.29% 4.78% 5.21% - 5.45%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds -3.83% 19.88% 2.99% 4.98% - -
J.P. Morgan CEMBI Broad Diversified Index -0.80% 18.31% 6.13% 6.14% - 5.63%

Fund Expense Ratio :

Gross 1.92%

Net 1.35%

Fund Expense Ratio :

Gross 1.92%

Net 1.35%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge -1.72% 19.29% 4.78% 5.21% - 5.45%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds -3.83% 19.88% 2.99% 4.98% - -
J.P. Morgan CEMBI Broad Diversified Index -0.80% 18.31% 6.13% 6.14% - 5.63%

Fund Expense Ratio :

Gross 1.92%

Net 1.35%

Year Fund Returns J.P. Morgan CEMBI Broad Diversified Index
2020 5.46% 7.13%
2019 13.31% 13.09%
2018 -3.53% -1.65%
2017 8.84% 7.96%
2016 9.18% 9.65%
2015 1.98% 1.30%
2014 6.97% 4.96%
2013 0.01% -0.60%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -1.72% - - - -1.25%
2020 -13.11% 12.02% 2.77% 5.43% 5.46%
2019 5.41% 3.52% 1.31% 2.49% 13.31%
2018 -1.51% -2.91% 1.63% -0.73% -3.53%
2017 3.41% 1.75% 2.71% 0.72% 8.84%
2016 4.43% 3.65% 2.86% -1.94% 9.18%
2015 2.19% 1.02% -1.52% 0.32% 1.98%
2014 2.80% 4.81% 0.35% -1.07% 6.97%
2013 - - - - 0.01%

NAV Historical Prices

Date Net Asset Value

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 03/31/2021

Rating Assets
AA
A
BBB
<BBB
Not Rated

Portfolio Positioningas of 12/31/2020

  • China’s capacity to adapt economic activity during the pandemic has had a very positive impact on emerging-market economies that are dependent upon commodity exports to China. North Asian countries, such as China, South Korea, and Taiwan, have led the world in measures taken to reduce the spread of the virus and have also shown exceptional economic resilience. We believe the improved recovery profile in this region will provide a boost to fundamentals.
  • We are bullish on emerging markets due to the tailwind provided by a gradual economic recovery. Further, global policy makers have installed supportive measures.
  • We believe a more predictable foreign policy initiative will develop in the coming months that will provide a multilateral approach to foreign trade and issues of national security. This may alleviate uncertainty and decrease risk premiums in EM assets, enhancing the pull of global capital inflows.
  • Country, region, and security selection remain key to investing in EM debt markets as a result of challenges to vaccine penetration, significant debt burdens of individual countries, and changing political landscapes.

Portfolio Details as of 03/31/2021

Total Net Assets
$69.84 M
Number of Issues
244
Average Coupon
5.24%
Average Life
8.5 Years
Average Maturity
8.26 Years
Average Modified Duration
5.38 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 04/21/2021
$0.139
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 03/31/2021 $0.04693 $15.37
Daily Daily 02/28/2021 $0.04769 $15.61
Daily Daily 01/31/2021 $0.04528 $15.70

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 04/30/2021
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
07/30/2018 07/31/2018 - $0.0292 $0.0292 $14.77

Upcoming Capital Gain Distribution

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
07/28/2021 07/29/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 03/31/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
1.92% 1.35%

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
n/a
Portfolio Holdings 1Q
Publish Date:11/03/2015
n/a
Portfolio Holdings 3Q
Publish Date:11/03/2015
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

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
Quantity
Quantity
Remove
Remove

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field