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Emerging Markets Corporate Debt Fund

Daily price w/o sales charge as of 03/19/2019

$14.90

arrowUp$0.01

YTD Returns w/o sales charge as of 03/19/2019

5.23%

Click here to view all legal text including risk information

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 03/19/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.89% 4.40%

30-Day Standardized Yield 2 as of 02/28/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 4.89% 4.27%

Fund Basicsas of 02/28/2019

Total Net Assets
$38.61 M
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.34%
Fund Net Expense Ratio
0.85%
Number of Holdings
181
CUSIP
543908495

Fund Expense Ratio :

Gross 1.34%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge 4.55% 1.72% 5.95% 5.07% - 5.35%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 5.13% -0.37% 6.40% 3.02% - -
J.P. Morgan CEMBI Broad Diversified Index 3.82% 3.08% 6.29% 4.71% - -

Fund Expense Ratio :

Gross 1.34%

Net 0.85%

Fund Expense Ratio :

Gross 1.34%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge -3.45% -3.45% 4.69% 4.59% - 4.59%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds -5.69% -5.71% 4.77% 2.17% - -
J.P. Morgan CEMBI Broad Diversified Index -1.65% -1.65% 5.20% 4.36% - -

Fund Expense Ratio :

Gross 1.34%

Net 0.85%

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

RELATED CONTENT

EM Corporates: More Than a Fringe Asset Class
April 5, 2017

The days of emerging-market corporate bonds being thought of as a niche asset class are, in our view, behind us.

Country Assets
China
Brazil
Turkey
Mexico
Russia
Argentina
Colombia
UAE
India
Indonesia
South Africa
Peru
Chile
Israel
Hong Kong
Qatar
Saudi Arabia
Nigeria
South Korea
Ukraine
Zambia
Kazakhstan
Thailand
Panama
Kuwait
Singapore
Spain
Georgia
Uruguay
Morocco
Mongolia
Ghana
Sri Lanka
Oman
Malaysia
Egypt
Guatemala
Costa Rica
United States
Australia

Region classifications of countries are defined by Lord Abbett and may not be consistent with the MSCI region definitions. Country classifications of securities held within the universe of MSCI indexes are defined by MSCI. Country classifications of securities held by the portfolio only, and not included within the universe of MSCI indexes, are defined by Lord Abbett.

Region Assets
Latin America
Asia
Middle East/Africa
Europe
North America

Credit Quality Distribution as of 02/28/2019 View Portfolio

Rating Assets
AA
A
BBB
<BBB
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.

INVESTMENT TEAM

John Morton
John J. Morton, CFA

Portfolio Manager

34 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Supported By 68 Investment Professionals with 14 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 03/19/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.89% 4.40%

30-Day Standardized Yield 2 as of 02/28/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 4.89% 4.27%

Fund Expense Ratio :

Gross 1.34%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge 4.55% 1.72% 5.95% 5.07% - 5.35%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 5.13% -0.37% 6.40% 3.02% - -
J.P. Morgan CEMBI Broad Diversified Index 3.82% 3.08% 6.29% 4.71% - -

Fund Expense Ratio :

Gross 1.34%

Net 0.85%

Fund Expense Ratio :

Gross 1.34%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge -3.45% -3.45% 4.69% 4.59% - 4.59%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds -5.69% -5.71% 4.77% 2.17% - -
J.P. Morgan CEMBI Broad Diversified Index -1.65% -1.65% 5.20% 4.36% - -

Fund Expense Ratio :

Gross 1.34%

Net 0.85%

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

Year Fund Returns J.P. Morgan CEMBI Broad Diversified Index
2018 -3.45% -1.65%
2017 8.84% 7.96%
2016 9.18% 9.65%
2015 1.98% 1.30%
2014 6.97% 4.96%
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 - - - - 5.23%
2018 -1.44% -2.98% 1.63% -0.66% -3.45%
2017 3.41% 1.81% 2.64% 0.72% 8.84%
2016 4.50% 3.58% 2.86% -1.94% 9.18%
2015 2.19% 1.01% -1.52% 0.32% 1.98%
2014 2.80% 4.81% 0.35% -1.07% 6.97%

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 02/28/2019

Rating Assets
AA
A
BBB
<BBB
Not Rated

Portfolio Positioningas of 12/31/2018

  • We maintained the portfolio's exposure to higher beta emerging markets countries. Despite a spike in volatility in global markets, we believe this segment will continue to perform well and is currently attractively priced.
  • The portfolio maintained an overweight positioning in Latin America. We believe the outlook remains favorable for the region, as economic reforms in key countries in Latin America are translating into stronger economic growth.
  • We maintained the portfolio’s overweight exposure to commodity producers and anticipate strong demand to continue given supportive growth policies coming out of China.

Portfolio Details as of 02/28/2019

Total Net Assets
$38.61 M
Number of Issues
181
Average Coupon
5.68%
Average Life
8.34 Years
Average Maturity
8.22 Years
Average Modified Duration
4.74 Years

To view definitions for the above Portfolio Details, Click here.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
YPF S.A. 6.950% 07/21/2027 2.2%
Petrobras Global Finance BV 5.999% 01/27/2028 1.2%
Saudi Electricity Global Sukuk Co. 3 5.500% 04/08/2044 1.1%
Zenith Bank plc 7.375% 05/30/2022 1.1%
Turkiye Garanti Bankasi AS 6.250% 04/20/2021 1.1%
Turkiye Is Bankasi 5.000% 04/30/2020 1.0%
Eskom Holdings SOC Ltd. 5.750% 01/26/2021 1.0%
Gazprom OAO Via Gaz Capital SA 4.950% 02/06/2028 1.0%
Country Garden Holdings Co. Ltd. 4.750% 01/17/2023 1.0%
Petrobras Global Finance BV 7.250% 03/17/2044 1.0%
% of Total Assets 11.7%
Holding Coupon Maturity Assets
YPF S.A.6.950% 07/21/20272.1%
Petrobras Global Finance BV5.999% 01/27/20281.2%
Saudi Electricity Global Sukuk Co. 35.500% 04/08/20441.0%
Zenith Bank plc7.375% 05/30/20221.0%
Turkiye Garanti Bankasi AS6.250% 04/20/20211.0%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20281.0%
Turkiye Is Bankasi5.000% 04/30/20201.0%
Eskom Holdings SOC Ltd.5.750% 01/26/20211.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.9%
Petrobras Global Finance BV7.250% 03/17/20440.9%
DP World Ltd.6.850% 07/02/20370.9%
Ecopetrol S.A.4.125% 01/16/20250.8%
Ecopetrol S.A.5.875% 05/28/20450.8%
Akbank TAS4.000% 01/24/20200.7%
Eterna Capital Pte Ltd8.000% 12/11/20220.7%
Bahia Sul Holdings GmbH7.000% 03/16/20470.7%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.7%
Shimao Property Holdings Ltd.8.375% 02/10/20220.7%
Provincia de la Rioja9.750% 02/24/20250.6%
Embraer Netherlands Finance BV5.050% 06/15/20250.6%
Teva Pharmaceutical Finance Netherlands III BV6.000% 04/15/20240.6%
Southern Copper Corp.5.875% 04/23/20450.6%
Israel Electric Corp.4.250% 08/14/20280.6%
Sberbank of Russia Via SB Capital S.A.5.250% 05/23/20230.6%
AI Candelaria Spain SLU7.500% 12/15/20280.6%
Reliance Industries Ltd.4.125% 01/28/20250.6%
OJSC Novolipetsk Steel via Steel Funding Ltd.4.000% 09/21/20240.6%
Fenix Power Peru SA4.317% 09/20/20270.6%
Petkim Petrokimya Holding AS5.875% 01/26/20230.6%
First Quantum Minerals Ltd.7.000% 02/15/20210.6%
Vedanta Resources plc6.125% 08/09/20240.6%
Georgia Capital JSC6.125% 03/09/20240.6%
Medco Platinum Road Pte Ltd6.750% 01/30/20250.6%
BBVA Bancomer SA5.125% 01/18/20330.6%
Teva Pharmaceutical Finance Netherlands III BV2.800% 07/21/20230.6%
Arcos Dorados Holdings, Inc.5.875% 04/04/20270.6%
Kazakhstan Temir Zholy Finance BV6.950% 07/10/20420.6%
Rumo Luxembourg Sarl7.375% 02/09/20240.5%
Perusahaan Listrik Negara PT6.150% 05/21/20480.5%
Qatar Government International Bond5.103% 04/23/20480.5%
Alfa Bank OJSC Via Alfa Bond Issuance plc7.750% 04/28/20210.5%
OCP S.A.6.875% 04/25/20440.5%
Bangkok Bank Public Co. Ltd.5.000% 10/03/20230.5%
Sberbank of Russia Via SB Capital S.A.6.125% 02/07/20220.5%
Transportadora de Gas Internacional SA ESP5.550% 11/01/20280.5%
Hunt Oil Co of Peru LLC Sucursal Del Peru6.375% 06/01/20280.5%
Indonesia Asahan Aluminium Persero PT5.710% 11/15/20230.5%
Bank of China Hong Kong Ltd5.900% 09/14/21680.5%
Eldorado Intl. Finance GmbH8.625% 06/16/20210.5%
Eskom Holdings SOC Ltd.6.350% 08/10/20280.5%
Dolphin Energy Ltd.5.500% 12/15/20210.5%
China Overseas Finance Cayman V Ltd.5.350% 11/15/20420.5%
Agile Property Holdings Ltd.9.000% 05/21/20200.5%
Abu Dhabi National Energy Co.4.875% 04/23/20300.5%
Bank of China Ltd.5.000% 11/13/20240.5%
SASOL Financing USA LLC5.875% 03/27/20240.5%
Aeropuerto Internacional de Tocumen SA6.000% 11/18/20480.5%
Grupo de Inversiones Suramericana SA5.500% 04/29/20260.5%
Fresnillo plc5.500% 11/13/20230.5%
Millicom International Cellular S.A.6.625% 10/15/20260.5%
Cemex Finance LLC6.000% 04/01/20240.5%
Banco Santander Mexico SA Institucion de Banca Mul5.950% 10/01/20280.5%
Export Credit Bank of Turkey8.250% 01/24/20240.5%
Latam Finance Ltd.6.875% 04/11/20240.5%
Woori Bank4.750% 04/30/20240.5%
GC Treasury Center Co Ltd4.250% 09/19/20220.5%
HT Global IT Solutions Holdings Ltd7.000% 07/14/20210.5%
Peru LNG Srl5.375% 03/22/20300.5%
China Railway Resources Huitung Ltd.3.850% 02/05/20230.5%
Tencent Holdings Ltd.3.800% 02/11/20250.5%
SABIC Capital II BV4.000% 10/10/20230.5%
Sunac China Holdings Ltd8.625% 07/27/20200.5%
Korea Expressway Corp.3.625% 10/22/20210.5%
Eskom Holdings SOC Ltd.7.125% 02/11/20250.5%
Development Bank of Mongolia LLC7.250% 10/23/20230.5%
Gas Natural de Lima y Callao S.A.4.375% 04/01/20230.5%
National Savings Bank5.150% 09/10/20190.5%
Zenith Bank plc6.250% 04/22/20190.5%
SK Telecom Co. Ltd.3.750% 04/16/20230.5%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.5%
ADCB Finance Cayman Ltd.4.000% 03/29/20230.5%
MAF Sukuk Ltd.4.500% 11/03/20250.5%
Alibaba Group Holding Ltd.3.600% 11/28/20240.5%
China Oil & Gas Group Ltd.5.000% 05/07/20200.5%
E.CL SA4.500% 01/29/20250.5%
Turkiye Garanti Bankasi AS4.750% 10/17/20190.5%
ABJA Investment Co. Pte Ltd.5.950% 07/31/20240.5%
Sigma Finance Netherlands BV4.875% 03/27/20280.5%
Transportadora de Gas del Peru SA4.250% 04/30/20280.5%
China Overseas Finance Cayman V Ltd.3.950% 11/15/20220.5%
Tullow Oil plc7.000% 03/01/20250.5%
Lukoil International Finance BV4.750% 11/02/20260.5%
VM Holding SA5.375% 05/04/20270.5%
Marble II Pte Ltd.5.300% 06/20/20220.5%
Turkiye Halk Bankasi AS4.750% 06/04/20190.5%
Banco Mercantil del Norte SA/Grand Cayman7.625% 07/06/21670.5%
Myriad International Holdings BV4.850% 07/06/20270.5%
China Cinda Finance 2017 I Ltd4.100% 03/09/20240.5%
Axis Bank Ltd./Dubai3.250% 05/21/20200.5%
QNB Finance Ltd.2.875% 04/29/20200.5%
WTT Investment Ltd/Hong Kong5.500% 11/21/20220.5%
Emirates Telecommunications Corp.3.500% 06/18/20240.5%
Delhi International Airport Pvt Ltd6.125% 10/31/20260.5%
GNL Quintero SA4.634% 07/31/20290.5%
Emirates Semb Corp Water & Power Co PJSC4.450% 08/01/20350.5%
Kernel Holding SA8.750% 01/31/20220.5%
CNOOC Finance (2015) U.S.A. LLC3.500% 05/05/20250.5%
Industrial & Commercial Bank of China Ltd/Dubai2.625% 05/26/20200.5%
Qtel International Finance Ltd.3.250% 02/21/20230.5%
Equate Petrochemical BV3.000% 03/03/20220.5%
Banistmo SA3.650% 09/19/20220.5%
Swire Properties MTN Financing Ltd.3.625% 01/13/20260.5%
CK Hutchison International 17 Ltd3.500% 04/05/20270.5%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.5%
Banco do Brasil SA4.625% 01/15/20250.5%
Tengizchevroil Finance Co International Ltd4.000% 08/15/20260.5%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.5%
MHP S.A.7.750% 05/10/20240.5%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.5%
Banco de Bogota SA4.375% 08/03/20270.5%
Braskem Netherlands Finance BV4.500% 01/10/20280.5%
SURA Asset Management SA4.375% 04/11/20270.5%
NBK SPC Ltd.2.750% 05/30/20220.5%
Qtel International Finance Ltd.3.875% 01/31/20280.5%
Teva Pharmaceutical Finance Co. B.V.3.650% 11/10/20210.5%
Finansbank A.S.4.875% 05/19/20220.5%
Huarong Finance 2017 Co Ltd4.500% 01/24/21670.5%
Huarong Finance II Co Ltd4.625% 06/03/20260.5%
Nemak S.A.B. de C.V.4.750% 01/23/20250.5%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.5%
Yingde Gases Investment Ltd6.250% 01/19/20230.5%
First Quantum Minerals Ltd.7.500% 04/01/20250.5%
Minejesa Capital BV4.625% 08/10/20300.5%
Grupo KUO SAB De CV5.750% 07/07/20270.5%
Oztel Holdings SPC Ltd6.625% 04/24/20280.5%
Halcyon Agri Corp Ltd4.500% 10/26/20990.5%
Press Metal Labuan Ltd4.800% 10/30/20220.5%
Egypt Government International Bond7.903% 02/21/20480.5%
SACI Falabella3.750% 10/30/20270.5%
Banco de Credito e Inversiones3.500% 10/12/20270.5%
Stoneway Capital Corp10.000% 03/01/20270.5%
Energuate Trust5.875% 05/03/20270.5%
Greenko Investment Co4.875% 08/16/20230.5%
Saka Energi Indonesia PT4.450% 05/05/20240.5%
China Evergrande Group6.250% 06/28/20210.5%
Celeo Redes Operacion Chile SA5.200% 06/22/20470.5%
Rede D'or Finance Sarl4.950% 01/17/20280.5%
Indika Energy Capital III Pte Ltd5.875% 11/09/20240.5%
Tupras Turkiye Petrol Rafine4.500% 10/18/20240.5%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.5%
MHP Lux SA6.950% 04/03/20260.5%
Banco do Brasil SA6.250% 01/31/21630.5%
Mexichem SAB de CV5.500% 01/15/20480.4%
China Evergrande Group8.750% 06/28/20250.4%
Arcor6.000% 07/06/20230.4%
Pampa Energia SA7.500% 01/24/20270.4%
Nakilat, Inc.6.267% 12/31/20330.4%
Autopistas del Sol SA/Costa Rica7.375% 12/30/20300.4%
BRF GmbH4.350% 09/29/20260.4%
GMR Hyderabad International Airport Ltd4.250% 10/27/20270.4%
Infraestructura Energetica Nova SAB de CV4.875% 01/14/20480.4%
BanColombia SA5.950% 06/03/20210.4%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.4%
CSN Resources SA6.500% 07/21/20200.4%
Vale Overseas Ltd.6.875% 11/10/20390.4%
Terraform Global Operating LLC6.125% 03/01/20260.4%
AngloGold Ashanti Holdings plc6.500% 04/15/20400.4%
Grupo Televisa SAB6.625% 01/15/20400.4%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.4%
Gol Finance, Inc.7.000% 01/31/20250.3%
Rio Energy SA / UGEN SA / UENSA SA6.875% 02/01/20250.3%
Eterna Capital Pte Ltd7.500% 12/11/20220.3%
IRSA Propiedades Comerciales SA8.750% 03/23/20230.3%
Barminco Finance Pty Ltd.6.625% 05/15/20220.2%
Vale Overseas Ltd.6.250% 08/10/20260.1%
Vedanta Ltd0.000% -0.1%
Credit Index Swap1.000% 12/20/20230.0%
US LONG BOND(CBT) MAR190.000% 03/29/20190.0%
US ULTRA BOND CBT MAR190.000% 03/29/20190.0%
US 10YR ULTRA FUT MAR190.000% 03/29/20190.0%
US 2YR NOTE (CBT) MAR190.000% 04/03/20190.0%
US 5YR NOTE (CBT) MAR190.000% 04/03/20190.0%
US 10YR NOTE (CBT)MAR190.000% 03/29/20190.0%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 03/19/2019
$0.120
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 02/28/2019 $0.06067 $14.84
Daily Daily 01/31/2019 $0.05955 $14.71

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 03/31/2019
Daily Daily 04/30/2019
Daily Daily 05/31/2019
Daily Daily 06/30/2019
Daily Daily 07/31/2019
Daily Daily 08/31/2019
Daily Daily 09/30/2019
Daily Daily 10/31/2019
Daily Daily 11/30/2019
Daily Daily 12/31/2019

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
07/30/2019 07/31/2019

Fees & Expenses

Fees & Expenses

Expense Ratioas of 02/28/2019

Fund Gross Expense Ratio Fund Net Expense Ratio
1.34% 0.85%

Expense ratio details, Click here.

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
Flyer
Publish Date:11/03/2015
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.      

                    

+

There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

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J.P. Morgan

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

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.

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

5

The 30-day Standardized Subsidized yield reflects fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

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 Fund is subject to risks associated with its investments in emerging market securities. Foreign investments generally pose greater risks than domestic investments. The securities markets of emerging market countries tend to be less liquid, to be especially subject to greater price volatility, to have a smaller market capitalization, and to have less government regulation. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be increased in emerging markets. 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.

 

 

Class R5 - The inception date for Class R5 shares is June 30, 2015. The performance quotations for Class R5 are based on the following methods of calculation: (a) for periods prior to June 30, 2015, a restated figure is used based on the historical performance of the Fund’s portfolio since inception to reflect all charges and fees applicable to Class R5 shares; and (b) for periods after June 30, 2015, actual Class R5 performance is used, which reflects all charges and fees applicable to Class R5 shares.

Class R5 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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 J.P. Morgan Corporate Emerging Markets Bond Index Broad Diversified (CEMBI BD) Index is a market capitalization weighted index that tracks total returns of US dollar-denominated debt instruments issued by corporate entities in Emerging Markets countries. The index limits the current face amount allocations of the bonds in the CEMBI Broad by constraining the total face amount outstanding for countries with larger debt stocks.

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.

Select funds to run a Morningstar Hypothetical Report.

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