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 08/16/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.49% 4.00%
w/ sales charge 4.39% 3.91%

30-Day Standardized Yield 2 as of 07/31/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.89% 3.37%

Expense Ratioas of 07/31/2019

Fund Basicsas of 07/31/2019

Total Net Assets
$46.27 M
Inception Date
12/31/2013
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
210
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge 10.39% 8.99% 4.66% 4.91% - 5.77%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 11.26% 8.80% 4.85% 3.14% - -
J.P. Morgan CEMBI Broad Diversified Index 9.80% 9.60% 5.30% 5.04% - 5.65%
w/ sales charge 7.91% 6.54% 3.86% 4.43% - 5.34%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge 9.20% 10.14% 4.81% 4.67% - 5.65%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 10.06% 10.10% 4.99% 2.84% - -
J.P. Morgan CEMBI Broad Diversified Index 8.83% 10.21% 5.54% 4.84% - 5.57%
w/ sales charge 6.74% 7.69% 4.02% 4.20% - 5.22%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

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.

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
India
Russia
Colombia
Mexico
Turkey
Indonesia
UAE
Argentina
Peru
Chile
South Africa
Israel
Saudi Arabia
Hong Kong
Qatar
Nigeria
Ukraine
South Korea
United States
Zambia
Kazakhstan
Panama
Kuwait
Vietnam
Spain
Macau
Egypt
Morocco
Netherlands
Angola
Uruguay
Thailand
Luxembourg
Paraguay
Mongolia
Oman
Ghana
Guatemala
Sri Lanka
Singapore
Georgia
Malaysia
Costa Rica
Australia
Region Assets
Latin America
Asia
Middle East/Africa
Europe
North America

Credit Quality Distribution as of 07/31/2019 View Portfolio

Rating Assets
AA
A
BBB
<BBB
Not Rated

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 69 Investment Professionals with 15 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 08/16/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.49% 4.00%
w/ sales charge 4.39% 3.91%

30-Day Standardized Yield 2 as of 07/31/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.89% 3.37%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge 10.39% 8.99% 4.66% 4.91% - 5.77%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 11.26% 8.80% 4.85% 3.14% - -
J.P. Morgan CEMBI Broad Diversified Index 9.80% 9.60% 5.30% 5.04% - 5.65%
w/ sales charge 7.91% 6.54% 3.86% 4.43% - 5.34%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2013
w/o sales charge 9.20% 10.14% 4.81% 4.67% - 5.65%
Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds 10.06% 10.10% 4.99% 2.84% - -
J.P. Morgan CEMBI Broad Diversified Index 8.83% 10.21% 5.54% 4.84% - 5.57%
w/ sales charge 6.74% 7.69% 4.02% 4.20% - 5.22%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

Year Fund Returns J.P. Morgan CEMBI Broad Diversified Index
2018 -3.65% -1.65%
2017 8.54% 7.96%
2016 9.03% 9.65%
2015 1.77% 1.30%
2014 6.76% 4.96%
2013 0.01% -0.60%
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 5.41% 3.59% - - 9.48%
2018 -1.49% -3.03% 1.58% -0.71% -3.65%
2017 3.28% 1.76% 2.59% 0.67% 8.54%
2016 4.37% 3.59% 2.81% -1.93% 9.03%
2015 2.14% 0.96% -1.58% 0.27% 1.77%
2014 2.75% 4.76% 0.30% -1.12% 6.76%
2013 - - - - 0.01%

Growth of $10,000 as of 07/31/2019

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 07/31/2019

Rating Assets
AA
A
BBB
<BBB
Not Rated

Portfolio Positioningas of 06/30/2019

  • We maintained the portfolio's exposure to higher beta emerging markets countries. We believe this segment is currently attractively priced and will continue to perform well.
  • 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.
  • Specific to Argentina, current adjustments and IMF support has led us to have a long-term positive view; however, we expect increased volatility prior to upcoming elections as a change of government in the early stages of an IMF program may lead to uncertainties.
  • We maintained the portfolio’s overweight exposure to commodity producers and anticipate strong demand to continue, specifically within the metals and mining sector, given supportive growth policies coming out of China.

Portfolio Details as of 07/31/2019

Total Net Assets
$46.27 M
Number of Issues
210
Average Coupon
5.70%
Average Life
8.56 Years
Average Maturity
8.37 Years
Average Modified Duration
4.93 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 08/16/2019
$0.402
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 07/31/2019 $0.05691 $15.38
Daily Daily 06/30/2019 $0.05720 $15.27
Daily Daily 05/31/2019 $0.05769 $14.92
Daily Daily 04/30/2019 $0.05733 $14.98
Daily Daily 03/31/2019 $0.05773 $14.91
Daily Daily 02/28/2019 $0.05833 $14.84
Daily Daily 01/31/2019 $0.05707 $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 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
12/17/2019 12/18/2019

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 08/16/2019

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $15.57
$100,000 to $249,999 1.75% 1.50% $15.49
$250,000 to $499,999 1.25% 1.00% $15.41
$500,000 to $999,999 0.00% 1.00% $15.22
$1,000,000 to $5,000,000 0.00% 1.00% $15.22

Expense Ratioas of 07/31/2019

Fund Documents

Fund Documents

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

0Documents selected
Order
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

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

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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