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Emerging Markets Corporate Debt Fund

Daily price w/o sales charge as of 06/04/2020

$14.72

arrowUp$0.05

YTD Returns w/o sales charge as of 06/04/2020

-3.45%

Overall Morningstar Ratings

Emerging Markets Bond
as of 05/31/2020

Morningstar rated the Lord Abbett Emerging Markets Corporate Debt Fund class R5 share 4 stars among 233 Emerging Markets Bond Funds for the overall rating and the 3 year periods ended 5/31/2020, respectively.

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 06/04/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.21% 3.64%

30-Day Standardized Yield 2 as of 04/30/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 5.57% 5.04%

Fund Basicsas of 04/30/2020

Total Net Assets
$54.30 M
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.42%
Fund Net Expense Ratio
0.85%
Number of Holdings
217

Fund Expense Ratio :

Gross 1.42%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge -5.07% 1.54% 2.58% 3.87% - 4.82%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds -6.87% -0.95% 1.11% 2.82% - -
J.P. Morgan CEMBI Broad Diversified Index -2.83% 3.19% 3.64% 4.37% - -

Fund Expense Ratio :

Gross 1.42%

Net 0.85%

Fund Expense Ratio :

Gross 1.42%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge -12.93% -6.06% 0.23% 2.55% - 3.51%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds -15.04% -9.16% -1.25% 1.32% - -
J.P. Morgan CEMBI Broad Diversified Index -10.17% -3.39% 1.56% 3.20% - -

Fund Expense Ratio :

Gross 1.42%

Net 0.85%

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

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
Colombia
India
Russia
Chile
Peru
Saudi Arabia
Israel
Panama
Ukraine
South Korea
Indonesia
United States
Hong Kong
Qatar
Thailand
South Africa
Argentina
Macau
Kuwait
Vietnam
Oman
Kazakhstan
Zambia
Paraguay
Singapore
Nigeria
Morocco
Spain
Luxembourg
Netherlands
United Kingdom
Mongolia
Costa Rica
Portugal
Australia
Cash

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
Asia
Latin America
Europe
Middle East/Africa
North America

Credit Quality Distribution as of 04/30/2020 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 J. Morton
John J. Morton, CFA

Portfolio Manager

35 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & 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

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 06/04/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.21% 3.64%

30-Day Standardized Yield 2 as of 04/30/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 5.57% 5.04%

Fund Expense Ratio :

Gross 1.42%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge -5.07% 1.54% 2.58% 3.87% - 4.82%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds -6.87% -0.95% 1.11% 2.82% - -
J.P. Morgan CEMBI Broad Diversified Index -2.83% 3.19% 3.64% 4.37% - -

Fund Expense Ratio :

Gross 1.42%

Net 0.85%

Fund Expense Ratio :

Gross 1.42%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge -12.93% -6.06% 0.23% 2.55% - 3.51%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds -15.04% -9.16% -1.25% 1.32% - -
J.P. Morgan CEMBI Broad Diversified Index -10.17% -3.39% 1.56% 3.20% - -

Fund Expense Ratio :

Gross 1.42%

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
2019 13.79% 13.09%
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
2020 -12.93% - - - -3.45%
2019 5.47% 3.64% 1.44% 2.62% 13.79%
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
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 04/30/2020

Rating Assets
AA
A
BBB
<BBB
Not Rated

Portfolio Positioningas of 03/31/2020

  • 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 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.
  • 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 China’s increased investments in the technology and infrastructure sectors will benefit raw materials and intermediate goods suppliers in EM Asia.
  • Argentina and Brazil continue to face fiscal issues. Bondholders of Argentine debt rejected a proposed restructuring deal which pointed to recovery values of 30-32 cents. Political uncertainty in Brazil continues to play a key role in the country’s outlook.

Portfolio Details as of 04/30/2020

Total Net Assets
$54.30 M
Number of Issues
217
Average Coupon
5.29%
Average Life
9.02 Years
Average Maturity
8.89 Years
Average Modified Duration
5.9 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
Ronshine China Holdings Ltd 8.750% 10/25/2022 1.1%
JBS Investments II GmbH 5.750% 01/15/2028 1.1%
Kernel Holding SA 8.750% 01/31/2022 1.1%
Adani Transmission Ltd 4.000% 08/03/2026 1.0%
Mong Duong Finance Holdings BV 5.125% 05/07/2029 1.0%
Teva Pharmaceutical Finance Netherlands III BV 3.150% 10/01/2026 1.0%
Oztel Holdings SPC Ltd 6.625% 04/24/2028 0.9%
MHP Lux SA 6.250% 09/19/2029 0.9%
Sunac China Holdings Ltd 7.875% 02/15/2022 0.9%
Global Bank Corp. 5.250% 04/16/2029 0.9%
% of Total Assets 9.9%
Holding Coupon Maturity Assets
Ronshine China Holdings Ltd8.750% 10/25/20221.1%
JBS Investments II GmbH5.750% 01/15/20281.1%
Kernel Holding SA8.750% 01/31/20221.1%
Adani Transmission Ltd4.000% 08/03/20261.0%
Mong Duong Finance Holdings BV5.125% 05/07/20291.0%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20261.0%
Oztel Holdings SPC Ltd6.625% 04/24/20280.9%
MHP Lux SA6.250% 09/19/20290.9%
Sunac China Holdings Ltd7.875% 02/15/20220.9%
Global Bank Corp.5.250% 04/16/20290.9%
Sberbank of Russia Via SB Capital S.A.5.250% 05/23/20230.9%
MGM China Holdings Ltd5.875% 05/15/20260.8%
Saudi Electricity Global Sukuk Co. 35.500% 04/08/20440.8%
Bank of China Ltd.5.000% 11/13/20240.8%
Abu Dhabi National Energy Co.4.875% 04/23/20300.8%
Akbank TAS5.000% 10/24/20220.8%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.8%
Turkiye Vakiflar Bankasi Tao6.000% 11/01/20220.8%
Tencent Holdings Ltd.3.800% 02/11/20250.8%
CNOOC Finance (2015) U.S.A. LLC3.500% 05/05/20250.8%
Qtel International Finance Ltd.3.875% 01/31/20280.8%
E.CL SA4.500% 01/29/20250.8%
Woori Bank4.750% 04/30/20240.8%
Bank of China Hong Kong Ltd5.900% 09/14/21680.8%
Petrobras Global Finance BV5.093% 01/15/20300.8%
Celeo Redes Operacion Chile SA5.200% 06/22/20470.8%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.8%
Ecopetrol S.A.4.125% 01/16/20250.8%
Qtel International Finance Ltd.3.250% 02/21/20230.8%
Weibo Corp.3.500% 07/05/20240.8%
Metropolitan Light Co Ltd5.500% 11/21/20220.8%
Saudi Arabian Oil Co4.375% 04/16/20490.8%
Millicom International Cellular S.A.6.625% 10/15/20260.7%
Gas Natural de Lima y Callao S.A.4.375% 04/01/20230.7%
Finansbank A.S.6.875% 09/07/20240.7%
First Quantum Minerals Ltd.7.500% 04/01/20250.7%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.7%
Yingde Gases Investment Ltd6.250% 01/19/20230.7%
BBVA Bancomer SA5.125% 01/18/20330.7%
Banco do Brasil SA4.625% 01/15/20250.7%
KOC Holding AS5.250% 03/15/20230.7%
Telefonica Celular del Paraguay SA5.875% 04/15/20270.7%
Teva Pharmaceutical Finance Netherlands III BV2.800% 07/21/20230.7%
Banistmo SA3.650% 09/19/20220.7%
Industrias Penoles SAB de CV5.650% 09/12/20490.7%
Listrindo Capital BV4.950% 09/14/20260.7%
NBM US Holdings Inc6.625% 08/06/20290.7%
Minerva Luxembourg SA5.875% 01/19/20280.7%
Eskom Holdings SOC Ltd.5.750% 01/26/20210.7%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.7%
Adani Ports & Special Economic Zone Ltd4.375% 07/03/20290.6%
YPF S.A.6.950% 07/21/20270.6%
Petrobras Global Finance BV7.250% 03/17/20440.6%
DP World Ltd.6.850% 07/02/20370.6%
CSN Resources SA7.625% 02/13/20230.6%
Nigeria Government International Bond6.500% 11/28/20270.6%
BBVA Bancomer SA4.375% 04/10/20240.6%
Banco de Bogota SA6.250% 05/12/20260.6%
Wynn Macau Ltd.5.500% 10/01/20270.5%
NBK Tier 1 Financing 2 Ltd4.500% 11/27/21690.5%
Theta Capital Pte Ltd.6.750% 10/31/20260.5%
GUSAP III LP4.250% 01/21/20300.5%
Ecopetrol S.A.5.875% 05/28/20450.5%
Southern Copper Corp.5.875% 04/23/20450.5%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.5%
Israel Electric Corp.4.250% 08/14/20280.5%
OJSC Novolipetsk Steel via Steel Funding Ltd.4.000% 09/21/20240.5%
Akbank TAS6.797% 04/27/20280.5%
Teva Pharmaceutical Finance Netherlands III BV6.000% 04/15/20240.5%
PTTEP Treasury Center Co Ltd2.993% 01/15/20300.4%
Itau Unibanco Holding SA (Cayman Islands)4.500% 11/21/20290.4%
OCP S.A.6.875% 04/25/20440.4%
Alfa Bank OJSC Via Alfa Bond Issuance plc6.950% 01/30/21680.4%
AI Candelaria Spain SLU7.500% 12/15/20280.4%
Kazakhstan Temir Zholy Finance BV6.950% 07/10/20420.4%
America Movil SAB de CV4.375% 04/22/20490.4%
Altice France Holding SA10.500% 05/15/20270.4%
Vale Overseas Ltd.6.250% 08/10/20260.4%
Banco Internacional del Peru3.250% 10/04/20260.4%
Turkiye Garanti Bankasi AS6.125% 05/24/20270.4%
China Cinda Finance 2017 I Ltd4.400% 03/09/20270.4%
Swire Properties MTN Financing Ltd.3.625% 01/13/20260.4%
Emirates Semb Corp Water & Power Co PJSC4.450% 08/01/20350.4%
Prosus NV4.850% 07/06/20270.4%
Bangkok Bank Public Co. Ltd.5.000% 10/03/20230.4%
Fresnillo plc5.500% 11/13/20230.4%
Summer BidCo BV9.000% 11/15/20250.4%
CK Hutchison International 17 Ltd3.500% 04/05/20270.4%
Power Finance Corp Ltd6.150% 12/06/20280.4%
Sberbank of Russia Via SB Capital S.A.6.125% 02/07/20220.4%
BBVA Banco Continental S.A.5.000% 08/26/20220.4%
China Cinda Finance 2017 I Ltd4.100% 03/09/20240.4%
Dolphin Energy Ltd.5.500% 12/15/20210.4%
JBS Investments II GmbH7.000% 01/15/20260.4%
Korea Exchange Bank4.375% 09/30/20240.4%
SK Telecom Co. Ltd.3.750% 04/16/20230.4%
GNL Quintero SA4.634% 07/31/20290.4%
Alfa Bank OJSC Via Alfa Bond Issuance plc7.750% 04/28/20210.4%
Sinopec Group Overseas Development 2018 Ltd2.950% 11/12/20290.4%
Aeropuerto Internacional de Tocumen SA6.000% 11/18/20480.4%
Abu Dhabi National Energy Co.3.625% 01/12/20230.4%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.4%
Longfor Properties Co. Ltd.4.500% 01/16/20280.4%
Emirates Telecommunications Corp.3.500% 06/18/20240.4%
Itau Unibanco Holding SA (Cayman Islands)4.625% 02/27/21700.4%
SABIC Capital II BV4.000% 10/10/20230.4%
ADCB Finance Cayman Ltd.4.000% 03/29/20230.4%
Transportadora de Gas del Peru SA4.250% 04/30/20280.4%
Baidu, Inc.3.075% 04/07/20250.4%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.4%
Shimao Property Holdings Ltd.4.750% 07/03/20220.4%
MDC-GMTN BV2.875% 11/07/20290.4%
Turkiye Sise ve Cam Fabrikalari AS4.250% 05/09/20200.4%
Bharti Airtel Ltd4.375% 06/10/20250.4%
NBK SPC Ltd.2.750% 05/30/20220.4%
Abu Dhabi National Energy Co.4.000% 10/03/20490.4%
Prosus NV3.680% 01/21/20300.4%
Grupo de Inversiones Suramericana SA5.500% 04/29/20260.4%
Huarong Finance 2017 Co Ltd4.500% 01/24/21670.4%
Banco Santander Chile2.700% 01/10/20250.4%
Saudi Arabian Oil Co3.500% 04/16/20290.4%
Chinalco Capital Holdings Ltd4.000% 08/25/20210.4%
Equate Petrochemical BV3.000% 03/03/20220.4%
Banco del Estado de Chile2.704% 01/09/20250.4%
Huarong Finance 2019 Co Ltd3.875% 11/13/20290.4%
Finansbank A.S.4.875% 05/19/20220.4%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.4%
Saudi Government International Bond4.500% 04/22/20600.4%
Lukoil Securities BV3.875% 05/06/20300.4%
JD.com, Inc.4.125% 01/14/20500.4%
Kookmin Bank1.750% 05/04/20250.4%
MARB BondCo PLC7.000% 03/15/20240.4%
POSCO2.500% 01/17/20250.4%
Banco de Credito e Inversiones3.500% 10/12/20270.4%
Aegea Finance Sarl5.750% 10/10/20240.4%
Country Garden Holdings Co. Ltd.5.125% 01/17/20250.4%
MDC-GMTN BV3.700% 11/07/20490.4%
SURA Asset Management SA4.375% 04/11/20270.4%
Klabin Austria GmbH7.000% 04/03/20490.4%
Turkiye Sise ve Cam Fabrikalari AS6.950% 03/14/20260.4%
Minejesa Capital BV4.625% 08/10/20300.4%
MAF Sukuk Ltd.4.500% 11/03/20250.4%
PTTEP Treasury Center Co Ltd3.903% 12/06/20590.4%
BOC Aviation Ltd3.000% 09/11/20290.4%
Tengizchevroil Finance Co International Ltd4.000% 08/15/20260.4%
Cable Onda SA4.500% 01/30/20300.4%
Abu Dhabi Government International Bond3.125% 09/30/20490.4%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.4%
Mexichem SAB de CV5.500% 01/15/20480.3%
VM Holding SA5.375% 05/04/20270.3%
Marble II Pte Ltd.5.300% 06/20/20220.3%
MHP Lux SA6.950% 04/03/20260.3%
Bank Leumi Le-Israel BM3.275% 01/29/20310.3%
Turkiye Sinai Kalkinma Bankasi AS6.000% 01/23/20250.3%
BanColombia SA3.000% 01/29/20250.3%
Eskom Holdings SOC Ltd.8.450% 08/10/20280.3%
Trust F/14016.390% 01/15/20500.3%
Turkiye Vakiflar Bankasi Tao5.250% 02/05/20250.3%
Greenko Investment Co4.875% 08/16/20230.3%
Eskom Holdings SOC Ltd.6.350% 08/10/20280.3%
Intercorp Peru Ltd3.875% 08/15/20290.3%
Sociedad Quimica y Minera de Chile S.A.4.250% 01/22/20500.3%
Rede D'or Finance Sarl4.950% 01/17/20280.3%
Terraform Global Operating LLC6.125% 03/01/20260.3%
Bangkok Bank Public Co. Ltd.3.733% 09/25/20340.3%
Nemak S.A.B. de C.V.4.750% 01/23/20250.3%
Minera Mexico SA de CV4.500% 01/26/20500.3%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.3%
Delhi International Airport Pvt Ltd6.125% 10/31/20260.3%
Power Finance Corp Ltd3.950% 04/23/20300.3%
BanColombia SA4.625% 12/18/20290.3%
Tupras Turkiye Petrol Rafine4.500% 10/18/20240.3%
Indika Energy Capital III Pte Ltd5.875% 11/09/20240.3%
DP World Ltd.4.700% 09/30/20490.3%
Development Bank of Mongolia LLC7.250% 10/23/20230.3%
Nakilat, Inc.6.267% 12/31/20330.3%
Rede D'or Finance Sarl4.500% 01/22/20300.3%
HT Global IT Solutions Holdings Ltd7.000% 07/14/20210.3%
Grupo KUO SAB De CV5.750% 07/07/20270.3%
Cemex, S.A.B. de C.V.5.450% 11/19/20290.3%
Autopistas del Sol SA/Costa Rica7.375% 12/30/20300.3%
Thaioil Treasury Center Co Ltd3.500% 10/17/20490.3%
Republic of Turkey5.250% 03/13/20300.3%
Petroleos Mexicanos5.350% 02/12/20280.3%
Pertamina Persero PT4.150% 02/25/20600.3%
Banco Mercantil del Norte SA/Grand Cayman7.625% 07/06/21670.3%
GMR Hyderabad International Airport Ltd4.250% 10/27/20270.3%
Hunt Oil Co of Peru LLC Sucursal Del Peru6.375% 06/01/20280.3%
AngloGold Ashanti Holdings plc6.500% 04/15/20400.3%
Grupo Televisa SAB6.625% 01/15/20400.3%
Jindal Stendal 63190.000% 03/31/20220.3%
Arcor6.000% 07/06/20230.3%
Pampa Energia SA9.125% 04/15/20290.3%
CSN Resources SA7.625% 04/17/20260.3%
Geopark Ltd.5.500% 01/17/20270.2%
Petrobras Global Finance BV6.900% 03/19/20490.2%
Pampa Energia SA7.500% 01/24/20270.2%
GDS Holdings Ltd2.000% 06/01/20250.2%
Ctrip.com International Ltd.1.000% 07/01/20200.2%
Weibo Corp.1.250% 11/15/20220.2%
Latam Finance Ltd.7.000% 03/01/20260.2%
Transportes Aereos Portugueses SA5.625% 12/02/20240.1%
YPF Energia Electrica SA10.000% 07/25/20260.1%
Petroleos Mexicanos4.875% 01/18/20240.1%
Barminco Finance Pty Ltd.6.625% 05/15/20220.1%
Republic of Peru2.392% 01/23/20260.1%
Vedanta Ltd0.000% -0.0%
FX USD/EUR 05/200.000% 05/12/20200.0%
FX EUR/USD 05/200.000% 05/12/20200.0%
US 10YR NOTE (CBT)JUN200.000% 06/30/20200.0%
US 5YR NOTE (CBT) JUN200.000% 07/06/20200.0%
US ULTRA BOND CBT JUN200.000% 06/30/20200.0%
US 10YR ULTRA FUT JUN200.000% 06/30/20200.0%
US 2YR NOTE (CBT) JUN200.000% 07/06/20200.0%
US LONG BOND(CBT) JUN200.000% 06/30/20200.0%
Credit Default Swap1.000% 06/20/20200.0%
FX EUR/USD 05/200.000% 05/12/20200.0%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 06/04/2020
$0.271
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2020 $0.05168 $14.48
Daily Daily 04/30/2020 $0.05493 $13.93
Daily Daily 03/31/2020 $0.05641 $13.38
Daily Daily 02/29/2020 $0.05362 $15.49
Daily Daily 01/31/2020 $0.05488 $15.65

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 06/30/2020
Daily Daily 07/31/2020
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

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
07/30/2020 07/31/2020

Fees & Expenses

Fees & Expenses

Expense Ratioas of 05/31/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
1.42% 0.85%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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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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* Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

 

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.

 

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

+

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. 

*

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.

 

 

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.

 

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.

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