Emerging Markets Corporate Debt Fund
Daily price w/o sales charge as of 08/16/2019
$15.22
$0.02
YTD Returns w/o sales charge as of 08/16/2019
9.45%
Overall Morningstar RatingsEmerging Markets Bond
as of 07/31/2019
Morningstar rated the Lord Abbett Emerging Markets Corporate Debt Fund class A share 3 and 4 stars among 253 and 185 Emerging Markets Bond Funds for the overall rating and the 3 and 5 year periods ended 7/31/2019, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
The Fund seeks to deliver current income and long term growth of capital by investing primarily in emerging markets corporate debt securities.
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% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 07/31/2019
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 04/30/2020. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
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%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
| 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 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 07/31/2019 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.
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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% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
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%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
| 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% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 07/31/2019
The chart begins on the Fund's inception date of 12/31/2013.
Based on a hypothetical Class A share investment of $10,000 on 12/31/2013 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Rating | Assets |
|---|---|
| High Yield Corporate | |
| Investment Grade Corporate | |
| Sovereign | |
| Other | |
| Cash |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
| 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 |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
Credit Quality Distribution as of 07/31/2019
| 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.
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
To view definitions for the above Portfolio Details, Click here.
Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.
Average Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security. Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.
Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.
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 | 1.4% |
| Petrobras Global Finance BV | 5.999% | 01/27/2028 | 1.4% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 1.0% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 1.0% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 0.9% |
| Zenith Bank plc | 7.375% | 05/30/2022 | 0.9% |
| Turkiye Garanti Bankasi AS | 6.250% | 04/20/2021 | 0.9% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 0.9% |
| Banco do Brasil SA | 6.250% | 01/31/2163 | 0.9% |
| Turkiye Is Bankasi | 5.000% | 04/30/2020 | 0.9% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
| Holding | Coupon | Maturity | Assets |
|---|
| YPF S.A. | 6.950% | 07/21/2027 | 1.6% |
| Petrobras Global Finance BV | 5.999% | 01/27/2028 | 1.5% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 1.0% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 1.0% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 1.0% |
| Zenith Bank plc | 7.375% | 05/30/2022 | 1.0% |
| Eskom Holdings SOC Ltd. | 5.750% | 01/26/2021 | 0.9% |
| Turkiye Garanti Bankasi AS | 6.250% | 04/20/2021 | 0.9% |
| CNAC HK Finbridge Co Ltd | 3.500% | 07/19/2022 | 0.9% |
| Turkiye Is Bankasi | 5.000% | 04/30/2020 | 0.9% |
| Country Garden Holdings Co. Ltd. | 4.750% | 01/17/2023 | 0.9% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 0.9% |
| DP World Ltd. | 6.850% | 07/02/2037 | 0.9% |
| China Evergrande Group | 6.250% | 06/28/2021 | 0.9% |
| Kaisa Group Holdings Ltd. | 9.375% | 06/30/2024 | 0.9% |
| Ecopetrol S.A. | 5.875% | 05/28/2045 | 0.8% |
| Bahia Sul Holdings GmbH | 7.000% | 03/16/2047 | 0.7% |
| Cemig Geracao e Transmissao SA | 9.250% | 12/05/2024 | 0.7% |
| Southern Copper Corp. | 5.875% | 04/23/2045 | 0.7% |
| Turkiye Vakiflar Bankasi Tao | 6.875% | 02/03/2025 | 0.6% |
| Eterna Capital Pte Ltd | 8.000% | 12/11/2022 | 0.6% |
| AI Candelaria Spain SLU | 7.500% | 12/15/2028 | 0.6% |
| Embraer Netherlands Finance BV | 5.050% | 06/15/2025 | 0.6% |
| Reliance Industries Ltd. | 4.125% | 01/28/2025 | 0.6% |
| Israel Electric Corp. | 4.250% | 08/14/2028 | 0.6% |
| Sberbank of Russia Via SB Capital S.A. | 5.250% | 05/23/2023 | 0.6% |
| MGM China Holdings Ltd | 5.875% | 05/15/2026 | 0.6% |
| Medco Platinum Road Pte Ltd | 6.750% | 01/30/2025 | 0.6% |
| Kazakhstan Temir Zholy Finance BV | 6.950% | 07/10/2042 | 0.6% |
| OJSC Novolipetsk Steel via Steel Funding Ltd. | 4.000% | 09/21/2024 | 0.6% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 6.950% | 01/30/2168 | 0.6% |
| BBVA Bancomer SA | 5.125% | 01/18/2033 | 0.6% |
| Summer BidCo BV | 9.000% | 11/15/2025 | 0.6% |
| Teva Pharmaceutical Finance Netherlands III BV | 6.000% | 04/15/2024 | 0.5% |
| Perusahaan Listrik Negara PT | 6.150% | 05/21/2048 | 0.5% |
| Indonesia Asahan Aluminium Persero PT | 6.530% | 11/15/2028 | 0.5% |
| Aeropuerto Internacional de Tocumen SA | 6.000% | 11/18/2048 | 0.5% |
| Vedanta Resources plc | 6.125% | 08/09/2024 | 0.5% |
| China Overseas Finance Cayman V Ltd. | 5.350% | 11/15/2042 | 0.5% |
| Qatar Government International Bond | 4.817% | 03/14/2049 | 0.5% |
| Angolan Government International Bond | 9.500% | 11/12/2025 | 0.5% |
| OCP S.A. | 6.875% | 04/25/2044 | 0.5% |
| Power Finance Corp Ltd | 6.150% | 12/06/2028 | 0.5% |
| Arcos Dorados Holdings, Inc. | 5.875% | 04/04/2027 | 0.5% |
| Transportadora de Gas Internacional SA ESP | 5.550% | 11/01/2028 | 0.5% |
| Abu Dhabi Crude Oil Pipeline LLC | 4.600% | 11/02/2047 | 0.5% |
| Hunt Oil Co of Peru LLC Sucursal Del Peru | 6.375% | 06/01/2028 | 0.5% |
| JBS Investments II GmbH | 7.000% | 01/15/2026 | 0.5% |
| Rumo Luxembourg Sarl | 7.375% | 02/09/2024 | 0.5% |
| Abu Dhabi National Energy Co. | 4.875% | 04/23/2030 | 0.5% |
| Eskom Holdings SOC Ltd. | 6.350% | 08/10/2028 | 0.5% |
| Indonesia Asahan Aluminium Persero PT | 5.710% | 11/15/2023 | 0.5% |
| Millicom International Cellular S.A. | 6.625% | 10/15/2026 | 0.5% |
| Teva Pharmaceutical Finance Netherlands III BV | 2.800% | 07/21/2023 | 0.5% |
| Grupo de Inversiones Suramericana SA | 5.500% | 04/29/2026 | 0.5% |
| Fresnillo plc | 5.500% | 11/13/2023 | 0.5% |
| Bangkok Bank Public Co. Ltd. | 5.000% | 10/03/2023 | 0.5% |
| SASOL Financing USA LLC | 5.875% | 03/27/2024 | 0.5% |
| Myriad International Holdings BV | 4.850% | 07/06/2027 | 0.5% |
| Kernel Holding SA | 8.750% | 01/31/2022 | 0.5% |
| Peru LNG Srl | 5.375% | 03/22/2030 | 0.5% |
| America Movil SAB de CV | 4.375% | 04/22/2049 | 0.5% |
| Sberbank of Russia Via SB Capital S.A. | 6.125% | 02/07/2022 | 0.5% |
| CSN Resources SA | 7.625% | 02/13/2023 | 0.5% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 7.750% | 04/28/2021 | 0.5% |
| Bank of China Hong Kong Ltd | 5.900% | 09/14/2168 | 0.5% |
| Bank of China Ltd. | 5.000% | 11/13/2024 | 0.5% |
| Export Credit Bank of Turkey | 8.250% | 01/24/2024 | 0.5% |
| GNL Quintero SA | 4.634% | 07/31/2029 | 0.5% |
| CSN Resources SA | 7.625% | 04/17/2026 | 0.5% |
| BBVA Banco Continental S.A. | 5.000% | 08/26/2022 | 0.5% |
| Eskom Holdings SOC Ltd. | 7.125% | 02/11/2025 | 0.5% |
| Woori Bank | 4.750% | 04/30/2024 | 0.5% |
| MHP S.A. | 7.750% | 05/10/2024 | 0.5% |
| Klabin Austria GmbH | 7.000% | 04/03/2049 | 0.5% |
| Banco BTG Pactual SA/Cayman Islands | 7.750% | 02/15/2029 | 0.5% |
| Latam Finance Ltd. | 7.000% | 03/01/2026 | 0.5% |
| E.CL SA | 4.500% | 01/29/2025 | 0.5% |
| Republic of Indonesia | 4.125% | 01/15/2025 | 0.5% |
| Korea Gas Corp. | 3.875% | 02/12/2024 | 0.5% |
| ABJA Investment Co. Pte Ltd. | 5.950% | 07/31/2024 | 0.5% |
| HT Global IT Solutions Holdings Ltd | 7.000% | 07/14/2021 | 0.5% |
| Emirates Semb Corp Water & Power Co PJSC | 4.450% | 08/01/2035 | 0.5% |
| Sunac China Holdings Ltd | 8.625% | 07/27/2020 | 0.5% |
| Celulosa Arauco y Constitucion SA | 5.500% | 04/30/2049 | 0.5% |
| Dolphin Energy Ltd. | 5.500% | 12/15/2021 | 0.5% |
| NBM US Holdings Inc | 7.000% | 05/14/2026 | 0.5% |
| Delhi International Airport Pvt Ltd | 6.125% | 10/31/2026 | 0.5% |
| Lukoil International Finance BV | 4.750% | 11/02/2026 | 0.5% |
| VM Holding SA | 5.375% | 05/04/2027 | 0.5% |
| Banco do Brasil SA | 4.625% | 01/15/2025 | 0.5% |
| Telefonica Celular del Paraguay SA | 5.875% | 04/15/2027 | 0.5% |
| Egypt Government International Bond | 6.125% | 01/31/2022 | 0.5% |
| Qtel International Finance Ltd. | 3.875% | 01/31/2028 | 0.5% |
| Development Bank of Mongolia LLC | 7.250% | 10/23/2023 | 0.5% |
| Tencent Holdings Ltd. | 3.800% | 02/11/2025 | 0.5% |
| Transportadora de Gas del Peru SA | 4.250% | 04/30/2028 | 0.5% |
| GC Treasury Center Co Ltd | 4.250% | 09/19/2022 | 0.5% |
| ADCB Finance Cayman Ltd. | 4.000% | 03/29/2023 | 0.5% |
| China Cinda Finance 2017 I Ltd | 4.100% | 03/09/2024 | 0.5% |
| China Railway Resources Huitung Ltd. | 3.850% | 02/05/2023 | 0.5% |
| Swire Properties MTN Financing Ltd. | 3.625% | 01/13/2026 | 0.5% |
| SABIC Capital II BV | 4.000% | 10/10/2023 | 0.5% |
| Banco de Bogota SA | 4.375% | 08/03/2027 | 0.5% |
| SURA Asset Management SA | 4.375% | 04/11/2027 | 0.5% |
| CNAC HK Finbridge Co Ltd | 4.125% | 07/19/2027 | 0.5% |
| MAF Sukuk Ltd. | 4.500% | 11/03/2025 | 0.5% |
| SK Telecom Co. Ltd. | 3.750% | 04/16/2023 | 0.5% |
| Alibaba Group Holding Ltd. | 3.600% | 11/28/2024 | 0.5% |
| Yingde Gases Investment Ltd | 6.250% | 01/19/2023 | 0.5% |
| Banco Mercantil del Norte SA/Grand Cayman | 7.625% | 07/06/2167 | 0.5% |
| Grupo KUO SAB De CV | 5.750% | 07/07/2027 | 0.5% |
| Altice Luxembourg SA | 10.500% | 05/15/2027 | 0.5% |
| Gas Natural de Lima y Callao S.A. | 4.375% | 04/01/2023 | 0.5% |
| CK Hutchison International 17 Ltd | 3.500% | 04/05/2027 | 0.5% |
| WTT Investment Ltd/Hong Kong | 5.500% | 11/21/2022 | 0.5% |
| Tullow Oil plc | 7.000% | 03/01/2025 | 0.5% |
| Huarong Finance II Co Ltd | 4.625% | 06/03/2026 | 0.5% |
| China Overseas Finance Cayman V Ltd. | 3.950% | 11/15/2022 | 0.5% |
| Nemak S.A.B. de C.V. | 4.750% | 01/23/2025 | 0.5% |
| CNOOC Finance (2015) U.S.A. LLC | 3.500% | 05/05/2025 | 0.5% |
| Braskem Netherlands Finance BV | 4.500% | 01/10/2028 | 0.5% |
| Energuate Trust | 5.875% | 05/03/2027 | 0.5% |
| Tengizchevroil Finance Co International Ltd | 4.000% | 08/15/2026 | 0.5% |
| Vedanta Resources Finance II PLC | 9.250% | 04/23/2026 | 0.5% |
| Minejesa Capital BV | 4.625% | 08/10/2030 | 0.5% |
| MHP Lux SA | 6.950% | 04/03/2026 | 0.5% |
| Shimao Property Holdings Ltd. | 4.750% | 07/03/2022 | 0.5% |
| Turkiye Sise ve Cam Fabrikalari AS | 6.950% | 03/14/2026 | 0.5% |
| Shriram Transport Finance Co Ltd | 5.950% | 10/24/2022 | 0.5% |
| Trust F/1401 | 6.390% | 01/15/2050 | 0.5% |
| Huarong Finance 2017 Co Ltd | 4.500% | 01/24/2167 | 0.5% |
| Emirates Telecommunications Corp. | 3.500% | 06/18/2024 | 0.5% |
| Qtel International Finance Ltd. | 3.250% | 02/21/2023 | 0.5% |
| Saudi Arabian Oil Co | 4.375% | 04/16/2049 | 0.5% |
| Celeo Redes Operacion Chile SA | 5.200% | 06/22/2047 | 0.5% |
| Adani Transmission Ltd | 4.000% | 08/03/2026 | 0.5% |
| Mexichem SAB de CV | 5.500% | 01/15/2048 | 0.5% |
| Theta Capital Pte Ltd. | 7.000% | 04/11/2022 | 0.5% |
| MMC Norilsk Nickel OJSC via MMC Finance Ltd. | 4.100% | 04/11/2023 | 0.5% |
| Rede D'or Finance Sarl | 4.950% | 01/17/2028 | 0.5% |
| Banco de Credito e Inversiones | 3.500% | 10/12/2027 | 0.5% |
| Marble II Pte Ltd. | 5.300% | 06/20/2022 | 0.5% |
| Banistmo SA | 3.650% | 09/19/2022 | 0.5% |
| Phosagro OAO via Phosagro Bond Funding Ltd | 3.949% | 04/24/2023 | 0.5% |
| National Savings Bank | 5.150% | 09/10/2019 | 0.5% |
| Adani Ports & Special Economic Zone Ltd | 4.375% | 07/03/2029 | 0.5% |
| Saka Energi Indonesia PT | 4.450% | 05/05/2024 | 0.5% |
| Bharti Airtel Ltd | 4.375% | 06/10/2025 | 0.5% |
| China Oil & Gas Group Ltd. | 5.000% | 05/07/2020 | 0.5% |
| Chinalco Capital Holdings Ltd | 4.000% | 08/25/2021 | 0.5% |
| Equate Petrochemical BV | 3.000% | 03/03/2022 | 0.5% |
| Nigeria Government International Bond | 6.500% | 11/28/2027 | 0.5% |
| SACI Falabella | 3.750% | 10/30/2027 | 0.5% |
| Weibo Corp. | 3.500% | 07/05/2024 | 0.5% |
| First Quantum Minerals Ltd. | 7.250% | 05/15/2022 | 0.5% |
| NBK SPC Ltd. | 2.750% | 05/30/2022 | 0.5% |
| TBC Bank JSC | 5.750% | 06/19/2024 | 0.5% |
| Press Metal Labuan Ltd | 4.800% | 10/30/2022 | 0.5% |
| Autopistas del Sol SA/Costa Rica | 7.375% | 12/30/2030 | 0.5% |
| Oztel Holdings SPC Ltd | 6.625% | 04/24/2028 | 0.5% |
| Greenko Investment Co | 4.875% | 08/16/2023 | 0.5% |
| China Evergrande Group | 10.000% | 04/11/2023 | 0.5% |
| Indika Energy Capital III Pte Ltd | 5.875% | 11/09/2024 | 0.5% |
| Finansbank A.S. | 4.875% | 05/19/2022 | 0.5% |
| BRF GmbH | 4.350% | 09/29/2026 | 0.4% |
| First Quantum Minerals Ltd. | 7.500% | 04/01/2025 | 0.4% |
| Teva Pharmaceutical Finance Co. B.V. | 3.650% | 11/10/2021 | 0.4% |
| Banco do Brasil SA | 6.250% | 01/31/2163 | 0.4% |
| Pampa Energia SA | 7.500% | 01/24/2027 | 0.4% |
| Arcor | 6.000% | 07/06/2023 | 0.4% |
| Nakilat, Inc. | 6.267% | 12/31/2033 | 0.4% |
| GMR Hyderabad International Airport Ltd | 4.250% | 10/27/2027 | 0.4% |
| Tupras Turkiye Petrol Rafine | 4.500% | 10/18/2024 | 0.4% |
| Infraestructura Energetica Nova SAB de CV | 4.875% | 01/14/2048 | 0.4% |
| Stoneway Capital Corp | 10.000% | 03/01/2027 | 0.4% |
| AngloGold Ashanti Holdings plc | 6.500% | 04/15/2040 | 0.4% |
| Grupo Televisa SAB | 6.625% | 01/15/2040 | 0.4% |
| Terraform Global Operating LLC | 6.125% | 03/01/2026 | 0.4% |
| BanColombia SA | 5.950% | 06/03/2021 | 0.4% |
| Petrobras Global Finance BV | 6.900% | 03/19/2049 | 0.3% |
| Teva Pharmaceutical Finance Netherlands III BV | 3.150% | 10/01/2026 | 0.3% |
| Petroleos Mexicanos | 4.625% | 09/21/2023 | 0.3% |
| Eterna Capital Pte Ltd | 7.500% | 12/11/2022 | 0.3% |
| Rio Energy SA / UGEN SA / UENSA SA | 6.875% | 02/01/2025 | 0.3% |
| IRSA Propiedades Comerciales SA | 8.750% | 03/23/2023 | 0.2% |
| Ctrip.com International Ltd. | 1.000% | 07/01/2020 | 0.2% |
| Barminco Finance Pty Ltd. | 6.625% | 05/15/2022 | 0.2% |
| First Quantum Minerals Ltd. | 7.000% | 02/15/2021 | 0.1% |
| Vale Overseas Ltd. | 6.250% | 08/10/2026 | 0.1% |
| Egypt Treasury Bills | 0.000% | 09/10/2019 | 0.1% |
| Petroleos Mexicanos | 5.500% | 06/27/2044 | 0.1% |
| Vedanta Ltd | 0.000% | - | 0.1% |
| US LONG BOND(CBT) SEP19 | 0.000% | 09/30/2019 | 0.0% |
| US 5YR NOTE (CBT) SEP19 | 0.000% | 10/03/2019 | 0.0% |
| US 10YR ULTRA FUT SEP19 | 0.000% | 09/30/2019 | 0.0% |
| US ULTRA BOND CBT SEP19 | 0.000% | 09/30/2019 | 0.0% |
| US 2YR NOTE (CBT) SEP19 | 0.000% | 10/03/2019 | 0.0% |
| US 10YR NOTE (CBT)SEP19 | 0.000% | 09/30/2019 | 0.0% |
| Credit Default Swap | 1.000% | 06/20/2020 | 0.0% |
| FX USD/EUR 08/19 | 0.000% | 08/14/2019 | 0.0% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- 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
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 07/30/2018 | 07/31/2018 | - | $0.0292 | $0.0292 | $14.77 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
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 |
The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.
Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.
Expense Ratioas of 07/31/2019
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 04/30/2020. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Summary Prospectus
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
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Annual Report
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Semi-Annual Report
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Fact Sheet
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Commentary
Publish Date:11/03/2015
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Flyer
Publish Date:11/03/2015
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Capital Markets Presentation
Publish Date:11/03/2015
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