LCDTX | Emerging Markets Corporate Debt Fund Class R5 | Lord Abbett

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Emerging Markets Corporate Debt Fund

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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 06/02/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.03% 4.64%

30-Day Standardized Yield 2 as of 04/30/2023  

  Subsidized5 Un-Subsidized6
w/o sales charge 5.90% 5.50%

Average Yield to Worst as of 04/28/2023

7.1%

Fund Basicsas of 04/28/2023

Total Net Assets
$43.40 M
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.24%
Fund Net Expense Ratio
0.85%
Number of Holdings
177

Fund Expense Ratio :

Gross 1.24%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge 1.14% 1.12% 0.10% 1.60% - 3.29%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds - - - - - -
J.P. Morgan CEMBI Broad Diversified Index 2.54% 1.34% 0.03% 2.09% - -
w/ sales charge 1.14% 1.12% 0.10% 1.60% - 3.29%

Fund Expense Ratio :

Gross 1.24%

Net 0.85%

Fund Expense Ratio :

Gross 1.24%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge 1.25% -2.32% 3.06% 1.22% - 3.36%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 1.84% -5.29% 1.65% -0.85% - -
J.P. Morgan CEMBI Broad Diversified Index 2.24% -1.63% 2.58% 1.75% - -

Fund Expense Ratio :

Gross 1.24%

Net 0.85%

RELATED CONTENT

Time for a Fresh Look at Emerging-Market Bonds
February 1, 2021

In a world marked by low, or even negative, rates on government debt, investors continue to search for yield. Here’s one approach for them to consider.

Country Assets
China
United States
Indonesia
Saudi Arabia
South Korea
Macau
United Arab Emirates
India
Colombia
Turkey
Qatar
Israel
Brazil
Chile
Thailand
Mexico
South Africa
Kuwait
Argentina
United Kingdom
Malaysia
Singapore
Taiwan
Morocco
Peru
Zambia
Kazakhstan
Dominican Republic
Paraguay
Panama
Supra-National
Oman
Nigeria
Hong Kong
Philippines
Ghana
Ukraine
Region Assets
Asia
Middle East/Africa
Latin America
North America
Europe
Other

Credit Quality Distribution as of 04/28/2023 View Portfolio

Rating Assets
U.S. Treasury
AA
A
BBB
<BBB
Not Rated

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 Years of Industry Experience

Mila Skulkina
Mila Skulkina, CFA

Managing Director, Portfolio Manager

22 Years of Industry Experience

Supported By 80 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 06/02/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.03% 4.64%

30-Day Standardized Yield 2 as of 04/30/2023  

  Subsidized5 Un-Subsidized6
w/o sales charge 5.90% 5.50%

Fund Expense Ratio :

Gross 1.24%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge 1.14% 1.12% 0.10% 1.60% - 3.29%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds - - - - - -
J.P. Morgan CEMBI Broad Diversified Index 2.54% 1.34% 0.03% 2.09% - -
w/ sales charge 1.14% 1.12% 0.10% 1.60% - 3.29%

Fund Expense Ratio :

Gross 1.24%

Net 0.85%

Fund Expense Ratio :

Gross 1.24%

Net 0.85%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge 1.25% -2.32% 3.06% 1.22% - 3.36%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 1.84% -5.29% 1.65% -0.85% - -
J.P. Morgan CEMBI Broad Diversified Index 2.24% -1.63% 2.58% 1.75% - -

Fund Expense Ratio :

Gross 1.24%

Net 0.85%

Year Fund Returns J.P. Morgan CEMBI Broad Diversified Index
2022 -11.00% -12.26%
2021 -0.20% 0.91%
2020 5.99% 7.13%
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
2023 1.25% - - - 1.41%
2022 -7.75% -7.07% -2.05% 5.98% -11.00%
2021 -1.60% 1.88% 0.42% -0.87% -0.20%
2020 -12.93% 12.08% 2.90% 5.56% 5.99%
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
U.S. Government Related
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 04/28/2023

Rating Assets
U.S. Treasury
AA
A
BBB
<BBB
Not Rated

Portfolio Details as of 04/28/2023

Total Net Assets
$43.40 M
Number of Issues
177
Average Coupon
4.21%
Average Life
6.58 Years
Average Maturity
7.66 Years
Average Modified Duration
4.41 Years
Average Yield to Worst
7.1%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 06/02/2023
$0.26802
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2023 $0.05346 $12.73
Daily Daily 04/30/2023 $0.05368 $12.89
Daily Daily 03/31/2023 $0.05553 $12.85
Daily Daily 02/28/2023 $0.05339 $12.84
Daily Daily 01/31/2023 $0.05197 $13.19

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 06/30/2023
Daily Daily 07/31/2023
Daily Daily 08/31/2023
Daily Daily 09/30/2023
Daily Daily 10/31/2023
Daily Daily 11/30/2023
Daily Daily 12/31/2023

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

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
1.24% 0.85%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Publish Date:11/03/2015
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Semi-Annual Report
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Publish Date:11/03/2015

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