Emerging Markets Corporate Debt Fund
Daily price w/o sales charge as of 10/20/2017
$15.82
$0.01
YTD Returns w/o sales charge as of 10/20/2017
8.46%
Overall Morningstar RatingsEmerging Markets Bond
as of 09/30/2017
Morningstar rated the Lord Abbett Emerging Markets Corporate Debt Fund class A share 4 stars among 226 Emerging Markets Bond Funds for the overall rating and the 3 year periods ended 9/30/2017, 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 10/20/2017
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 3.97% | 3.35% |
| w/ sales charge | 3.88% | 3.27% |
30-Day Standardized Yield 2 as of 09/30/2017
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 3.21% | 2.80% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 09/30/2017
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 04/30/2018. 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 09/29/2017
- Total Net Assets
- $57.14 M
- Inception Date
- 12/31/2013
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 259
- CUSIP
- 543908677
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 1.67%
Net 1.05%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2013 |
|---|
| w/o sales charge | 7.82% | 5.74% | 5.76% | - | - | 6.75% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 9.82% | 6.83% | 4.41% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 7.22% | 5.81% | 5.57% | - | - | 6.14% |
| w/ sales charge | 5.37% | 3.35% | 4.96% | - | - | 6.11% |
Fund Expense Ratio :
Gross 1.67%
Net 1.05%
Fund Expense Ratio :
Gross 1.67%
Net 1.05%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2013 |
|---|
| w/o sales charge | 7.82% | 5.74% | 5.76% | - | - | 6.75% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 9.82% | 6.83% | 4.41% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 7.22% | 5.81% | 5.57% | - | - | 6.14% |
| w/ sales charge | 5.37% | 3.35% | 4.96% | - | - | 6.11% |
Fund Expense Ratio :
Gross 1.67%
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 of future results.
| Country | Assets |
|---|---|
| China | |
| Brazil | |
| Turkey | |
| Argentina | |
| Peru | |
| India | |
| Russia | |
| Chile | |
| Mexico | |
| UAE | |
| Indonesia | |
| Colombia | |
| South Korea | |
| Hong Kong | |
| Israel | |
| Qatar | |
| Singapore | |
| Saudi Arabia | |
| Ukraine | |
| South Africa | |
| Thailand | |
| Luxembourg | |
| Nigeria | |
| Jamaica | |
| Zambia | |
| Costa Rica | |
| Kazakhstan | |
| Guatemala | |
| Ghana | |
| Sri Lanka | |
| Panama | |
| Kuwait | |
| Paraguay | |
| United States | |
| Malaysia | |
| Uruguay | |
| Bahrain | |
| Morocco | |
| Dominican Republic | |
| Netherlands | |
| Senegal | |
| Canada | |
| Ivory Coast | |
| Australia | |
| Puerto Rico |
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 09/29/2017 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 10/20/2017
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 3.97% | 3.35% |
| w/ sales charge | 3.88% | 3.27% |
30-Day Standardized Yield 2 as of 09/30/2017
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 3.21% | 2.80% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 1.67%
Net 1.05%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2013 |
|---|
| w/o sales charge | 7.82% | 5.74% | 5.76% | - | - | 6.75% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 9.82% | 6.83% | 4.41% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 7.22% | 5.81% | 5.57% | - | - | 6.14% |
| w/ sales charge | 5.37% | 3.35% | 4.96% | - | - | 6.11% |
Fund Expense Ratio :
Gross 1.67%
Net 1.05%
Fund Expense Ratio :
Gross 1.67%
Net 1.05%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2013 |
|---|
| w/o sales charge | 7.82% | 5.74% | 5.76% | - | - | 6.75% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 9.82% | 6.83% | 4.41% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 7.22% | 5.81% | 5.57% | - | - | 6.14% |
| w/ sales charge | 5.37% | 3.35% | 4.96% | - | - | 6.11% |
Fund Expense Ratio :
Gross 1.67%
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 of future results.
Best returns
| Durations | Fund Returns | Blended Index |
|---|
| 3-Mo | 4.76 | 3.46 |
| 1-Yr | 7.47 | 5.25 |
Worst returns
| Durations | Fund Returns | Blended Index |
|---|
| 3-Mo | -1.2 | -1.43 |
| 1-Yr | 6.13 | 4.52 |
Best & Worst returns reflect a cumulative return for the three-month and one-year periods.
| Year | Fund Returns | J.P. Morgan CEMBI Broad Diversified Index |
|---|
| 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 |
|---|
| 2017 | 3.28% | 1.76% | 2.59% | - | 8.49% |
| 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 09/30/2017
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 |
|---|---|
| Investment Grade Corporate | |
| High Yield 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 09/29/2017
| 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 09/29/2017
- Total Net Assets
- $57.14 M
- Number of Issues
- 259
- Average Coupon
- 5.17%
- Average Life
- 8.9 Years
- Average Maturity
- 8.7 Years
- Average Modified Duration
- 5.3 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 |
|---|
| Petrobras Global Finance BV | 5.999% | 01/27/2028 | 1.2% |
| Alibaba Group Holding Ltd. | 3.600% | 11/28/2024 | 1.1% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 1.1% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 1.0% |
| YPF S.A. | 8.500% | 07/28/2025 | 1.0% |
| Republic of Argentina | 8.280% | 12/31/2033 | 1.0% |
| Petrobras Global Finance BV | 7.375% | 01/17/2027 | 0.9% |
| Israel Electric Corp. | 5.000% | 11/12/2024 | 0.9% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 0.8% |
| KOC Holding AS | 5.250% | 03/15/2023 | 0.7% |
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 |
|---|
| Petrobras Global Finance BV | 7.375% | 01/17/2027 | 1.5% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 1.2% |
| YPF S.A. | 8.500% | 07/28/2025 | 1.1% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 0.9% |
| KOC Holding AS | 5.250% | 03/15/2023 | 0.9% |
| CNOOC Finance 2012 Ltd. | 3.875% | 05/02/2022 | 0.9% |
| Alibaba Group Holding Ltd. | 3.600% | 11/28/2024 | 0.9% |
| Eskom Holdings SOC Ltd. | 5.750% | 01/26/2021 | 0.8% |
| JD.com, Inc. | 3.875% | 04/29/2026 | 0.8% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 0.8% |
| Tencent Holdings Ltd. | 2.875% | 02/11/2020 | 0.8% |
| Turkiye Is Bankasi | 3.750% | 10/10/2018 | 0.8% |
| Akbank TAS | 4.000% | 01/24/2020 | 0.8% |
| Korea Exchange Bank | 2.500% | 06/12/2019 | 0.8% |
| QNB Finance Ltd. | 2.875% | 04/29/2020 | 0.8% |
| Industrial & Commercial Bank of China Ltd/Dubai | 2.625% | 05/26/2020 | 0.8% |
| Qtel International Finance Ltd. | 3.250% | 02/21/2023 | 0.8% |
| Turkiye Halk Bankasi AS | 4.750% | 02/11/2021 | 0.8% |
| DP World Ltd. | 6.850% | 07/02/2037 | 0.8% |
| Turkiye Is Bankasi | 6.125% | 04/25/2024 | 0.6% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 0.6% |
| Petroleos Mexicanos | 5.500% | 06/27/2044 | 0.6% |
| Southern Copper Corp. | 5.875% | 04/23/2045 | 0.6% |
| Republic of Argentina | 8.280% | 12/31/2033 | 0.6% |
| Reliance Industries Ltd. | 4.125% | 01/28/2025 | 0.5% |
| Government of Jamaica | 7.875% | 07/28/2045 | 0.5% |
| Arcos Dorados Holdings, Inc. | 5.875% | 04/04/2027 | 0.5% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 7.750% | 04/28/2021 | 0.5% |
| OCP S.A. | 6.875% | 04/25/2044 | 0.5% |
| MMC Norilsk Nickel OJSC via MMC Finance Ltd. | 6.625% | 10/14/2022 | 0.5% |
| Bangkok Bank Public Co. Ltd. | 5.000% | 10/03/2023 | 0.5% |
| Vnesheconombank Via VEB Finance plc | 6.800% | 11/22/2025 | 0.5% |
| First Quantum Minerals Ltd. | 7.000% | 02/15/2021 | 0.5% |
| Braskem Finance Ltd. | 6.450% | 02/03/2024 | 0.5% |
| Kazakhstan Temir Zholy Finance BV | 6.950% | 07/10/2042 | 0.5% |
| Fresnillo plc | 5.500% | 11/13/2023 | 0.5% |
| Perusahaan Listrik Negara PT | 5.500% | 11/22/2021 | 0.5% |
| Dolphin Energy Ltd. | 5.500% | 12/15/2021 | 0.5% |
| Gruposura Finance | 5.500% | 04/29/2026 | 0.5% |
| ICICI Bank Ltd. | 5.750% | 11/16/2020 | 0.5% |
| Altice Financing S.A. | 7.500% | 05/15/2026 | 0.4% |
| Bank of China Ltd. | 5.000% | 11/13/2024 | 0.4% |
| Republic of Costa Rica | 7.158% | 03/12/2045 | 0.4% |
| SingTel Group Treasury Pte Ltd. | 4.500% | 09/08/2021 | 0.4% |
| Kernel Holding SA | 8.750% | 01/31/2022 | 0.4% |
| Banco de Bogota SA | 6.250% | 05/12/2026 | 0.4% |
| Columbus International, Inc. | 7.375% | 03/30/2021 | 0.4% |
| Delhi International Airport Pvt Ltd | 6.125% | 10/31/2026 | 0.4% |
| Israel Electric Corp. | 5.000% | 11/12/2024 | 0.4% |
| Gruma SAB de CV | 4.875% | 12/01/2024 | 0.4% |
| Sberbank of Russia Via SB Capital S.A. | 6.125% | 02/07/2022 | 0.4% |
| Aeropuertos Dominicanos Siglo XXI SA | 6.750% | 03/30/2029 | 0.4% |
| Turkiye Garanti Bankasi AS | 6.250% | 04/20/2021 | 0.4% |
| BBVA Banco Continental S.A. | 5.000% | 08/26/2022 | 0.4% |
| Cosan Luxembourg SA | 7.000% | 01/20/2027 | 0.4% |
| Latam Finance Ltd. | 6.875% | 04/11/2024 | 0.4% |
| Pertamina Persero PT | 5.625% | 05/20/2043 | 0.4% |
| Republic of Panama | 4.500% | 05/15/2047 | 0.4% |
| Banco Mercantil del Norte SA/Grand Cayman | 7.625% | 10/06/2099 | 0.4% |
| Altice Financing S.A. | 6.625% | 02/15/2023 | 0.4% |
| GTL Trade Finance, Inc. | 5.893% | 04/29/2024 | 0.4% |
| PTT Global Chemical pcl | 4.250% | 09/19/2022 | 0.4% |
| VimpelCom Holdings BV | 5.950% | 02/13/2023 | 0.4% |
| Banco de Credito del Peru | 4.250% | 04/01/2023 | 0.4% |
| Bharti Airtel International Netherlands BV | 5.125% | 03/11/2023 | 0.4% |
| MHP S.A. | 7.750% | 05/10/2024 | 0.4% |
| Vedanta Resources plc | 7.125% | 05/31/2023 | 0.4% |
| Petroleos del Peru SA | 5.625% | 06/19/2047 | 0.4% |
| Pampa Energia SA | 7.500% | 01/24/2027 | 0.4% |
| Rumo Luxembourg Sarl | 7.375% | 02/09/2024 | 0.4% |
| CNPC General Capital Ltd. | 3.950% | 04/19/2022 | 0.4% |
| VTR Finance B.V. | 6.875% | 01/15/2024 | 0.4% |
| Sri Lanka (Democratic Socialist Republic of) | 6.200% | 05/11/2027 | 0.4% |
| Woori Bank | 4.750% | 04/30/2024 | 0.4% |
| VM Holding SA | 5.375% | 05/04/2027 | 0.4% |
| TV Azteca SAB de CV | 7.625% | 09/18/2020 | 0.4% |
| Ghana Government International Bond | 7.875% | 08/07/2023 | 0.4% |
| ABJA Investment Co. Pte Ltd. | 5.950% | 07/31/2024 | 0.4% |
| Centrais Eletricas Brasileiras SA | 5.750% | 10/27/2021 | 0.4% |
| Ihs Netherlands Holdco BV | 9.500% | 10/27/2021 | 0.4% |
| Gas Natural de Lima y Callao S.A. | 4.375% | 04/01/2023 | 0.4% |
| Petra Diamonds US Treasury plc | 7.250% | 05/01/2022 | 0.4% |
| MAF Sukuk Ltd. | 4.500% | 11/03/2025 | 0.4% |
| Inkia Energy Ltd. | 8.375% | 04/04/2021 | 0.4% |
| Central American Bottling Corp. | 5.750% | 01/31/2027 | 0.4% |
| Republic of Argentina | 6.875% | 01/26/2027 | 0.4% |
| Autopistas del Sol SA/Costa Rica | 7.375% | 12/30/2030 | 0.4% |
| China Overseas Finance Cayman V Ltd. | 3.950% | 11/15/2022 | 0.4% |
| SACI Falabella | 4.375% | 01/27/2025 | 0.4% |
| First Quantum Minerals Ltd. | 7.500% | 04/01/2025 | 0.4% |
| Transportadora de Gas del Peru SA | 4.250% | 04/30/2028 | 0.4% |
| Lukoil International Finance BV | 4.750% | 11/02/2026 | 0.4% |
| Bank of China Ltd./Hong Kong | 3.875% | 06/30/2025 | 0.4% |
| Myriad International Holdings BV | 4.850% | 07/06/2027 | 0.4% |
| Telefonica Celular del Paraguay SA | 6.750% | 12/13/2022 | 0.4% |
| JSL Europe SA | 7.750% | 07/26/2024 | 0.4% |
| Energuate Trust | 5.875% | 05/03/2027 | 0.4% |
| MTS International Funding Ltd. | 5.000% | 05/30/2023 | 0.4% |
| E.CL SA | 4.500% | 01/29/2025 | 0.4% |
| Grupo KUO SAB De CV | 5.750% | 07/07/2027 | 0.4% |
| Banco de Credito e Inversiones | 4.000% | 02/11/2023 | 0.4% |
| Baidu, Inc. | 3.500% | 11/28/2022 | 0.4% |
| GNL Quintero SA | 4.634% | 07/31/2029 | 0.4% |
| Abu Dhabi National Energy Co. | 4.375% | 06/22/2026 | 0.4% |
| Mexico City Airport Trust | 4.250% | 10/31/2026 | 0.4% |
| Empresa de Energia de Bogota SA | 6.125% | 11/10/2021 | 0.4% |
| Senegal Goverment International Bond | 6.250% | 05/23/2033 | 0.4% |
| National Savings Bank | 5.150% | 09/10/2019 | 0.4% |
| Cia Minera Milpo SAA | 4.625% | 03/28/2023 | 0.4% |
| China Railway Resources Huitung Ltd. | 3.850% | 02/05/2023 | 0.4% |
| Huarong Finance II Co Ltd | 4.625% | 06/03/2026 | 0.4% |
| Capex SA | 6.875% | 05/15/2024 | 0.4% |
| Kosmos Energy Ltd. | 7.875% | 08/01/2021 | 0.4% |
| Wynn Macau Ltd. | 5.250% | 10/15/2021 | 0.4% |
| China Oil & Gas Group Ltd. | 5.000% | 05/07/2020 | 0.4% |
| PTT PCL | 3.375% | 10/25/2022 | 0.4% |
| Zenith Bank plc | 7.375% | 05/30/2022 | 0.4% |
| HKT Capital No, 2 Ltd. | 3.625% | 04/02/2025 | 0.4% |
| Eldorado Intl. Finance GmbH | 8.625% | 06/16/2021 | 0.4% |
| Listrindo Capital BV | 4.950% | 09/14/2026 | 0.4% |
| Turkiye Vakiflar Bankasi Tao | 5.625% | 05/30/2022 | 0.4% |
| United Overseas Bank Ltd. | 3.500% | 09/16/2026 | 0.4% |
| CNOOC Finance (2015) U.S.A. LLC | 3.500% | 05/05/2025 | 0.4% |
| Turkiye Is Bankasi | 7.000% | 06/29/2028 | 0.4% |
| Grupo Cementos de Chihuahua SAB de CV | 5.250% | 06/23/2024 | 0.4% |
| Zenith Bank plc | 6.250% | 04/22/2019 | 0.4% |
| Acwa Power Management And Investments One Ltd | 5.950% | 12/15/2039 | 0.4% |
| Minerva Luxembourg SA | 6.500% | 09/20/2026 | 0.4% |
| Corp Nacional del Cobre de Chile | 4.500% | 08/01/2047 | 0.4% |
| Emirates Telecommunications Corp. | 3.500% | 06/18/2024 | 0.4% |
| Celeo Redes Operacion Chile SA | 5.200% | 06/22/2047 | 0.4% |
| SMU S.A. | 7.750% | 02/08/2020 | 0.4% |
| Turkiye Sise ve Cam Fabrikalari AS | 4.250% | 05/09/2020 | 0.4% |
| Saka Energi Indonesia PT | 4.450% | 05/05/2024 | 0.4% |
| Kaisa Group Holdings Ltd. | 9.375% | 06/30/2024 | 0.4% |
| Sinopec Group Overseas Development Ltd. | 4.100% | 04/28/2045 | 0.4% |
| Huarong Finance 2017 Co Ltd | 4.500% | 07/24/2099 | 0.4% |
| Turkiye Garanti Bankasi AS | 6.125% | 05/24/2027 | 0.4% |
| Marble II Pte Ltd. | 5.300% | 06/20/2022 | 0.4% |
| ABM Investama Tbk PT | 7.125% | 08/01/2022 | 0.4% |
| Country Garden Holdings Co. Ltd. | 4.750% | 09/28/2023 | 0.4% |
| Axis Bank Ltd./Dubai | 3.250% | 05/21/2020 | 0.4% |
| Minejesa Capital BV | 4.625% | 08/10/2030 | 0.4% |
| Turkiye Halk Bankasi AS | 4.750% | 06/04/2019 | 0.4% |
| Abu Dhabi National Energy Co. | 3.625% | 01/12/2023 | 0.4% |
| Swire Properties MTN Financing Ltd. | 2.750% | 03/07/2020 | 0.4% |
| MMC Norilsk Nickel OJSC via MMC Finance Ltd. | 4.100% | 04/11/2023 | 0.4% |
| ADCB Finance Cayman Ltd. | 2.750% | 09/16/2019 | 0.4% |
| Oversea-Chinese Banking Corp. Ltd. | 3.150% | 03/11/2023 | 0.4% |
| Finansbank A.S. | 4.875% | 05/19/2022 | 0.4% |
| Hyundai Capital America | 2.600% | 03/19/2020 | 0.4% |
| Sociedad Quimica y Minera de Chile S.A. | 3.625% | 04/03/2023 | 0.4% |
| Qtel International Finance Ltd. | 3.875% | 01/31/2028 | 0.4% |
| Theta Capital Pte Ltd. | 6.750% | 10/31/2026 | 0.4% |
| Equate Petrochemical BV | 3.000% | 03/03/2022 | 0.4% |
| Cencosud SA | 4.375% | 07/17/2027 | 0.4% |
| Azure Power Energy Ltd | 5.500% | 11/03/2022 | 0.4% |
| Adani Ports & Special Economic Zone Ltd | 4.000% | 07/30/2027 | 0.4% |
| AIA Group Ltd. | 2.250% | 03/11/2019 | 0.4% |
| Teva Pharmaceutical Finance Co. B.V. | 3.650% | 11/10/2021 | 0.4% |
| Bank of India | 3.125% | 05/06/2020 | 0.4% |
| Vedanta Resources plc | 6.125% | 08/09/2024 | 0.4% |
| EXIM Sukuk Malaysia Bhd | 2.874% | 02/19/2019 | 0.4% |
| Banco de Bogota SA | 4.375% | 08/03/2027 | 0.4% |
| State Grid Overseas Investment 2016 Ltd | 2.250% | 05/04/2020 | 0.4% |
| NBK SPC Ltd. | 2.750% | 05/30/2022 | 0.4% |
| Wanda Properties Overseas Ltd | 4.875% | 11/21/2018 | 0.4% |
| Korea Development Bank | 2.500% | 01/13/2021 | 0.4% |
| Tengizchevroil Finance Co International Ltd | 4.000% | 08/15/2026 | 0.4% |
| Unifin Financiera SAB de CV SOFOM ENR | 7.000% | 01/15/2025 | 0.4% |
| Shinhan Bank | 2.250% | 04/15/2020 | 0.4% |
| Halcyon Agri Corp Ltd | 4.500% | 10/26/2099 | 0.4% |
| Arcor | 6.000% | 07/06/2023 | 0.4% |
| Ras Laffan Liquefied Natural Gas Co., Ltd. | 5.298% | 09/30/2020 | 0.4% |
| Industrial Bank of Korea | 2.000% | 04/23/2020 | 0.4% |
| Gol LuxCo SA | 8.875% | 01/24/2022 | 0.4% |
| Digicel Ltd. | 6.750% | 03/01/2023 | 0.4% |
| Orazul Energy Egenor S en C por A | 5.625% | 04/28/2027 | 0.4% |
| Nakilat, Inc. | 6.267% | 12/31/2033 | 0.4% |
| Vale Overseas Ltd. | 4.375% | 01/11/2022 | 0.4% |
| Digicel Group Ltd. | 7.125% | 04/01/2022 | 0.4% |
| CIMPOR Financial Operations BV | 5.750% | 07/17/2024 | 0.4% |
| Banco do Brasil SA | 6.250% | 10/15/2099 | 0.4% |
| Vale Overseas Ltd. | 6.875% | 11/10/2039 | 0.4% |
| BanColombia SA | 5.950% | 06/03/2021 | 0.3% |
| Province of Neuquen | 8.625% | 05/12/2028 | 0.3% |
| Cablevision SA/Argentina | 6.500% | 06/15/2021 | 0.3% |
| Banco Regional SAECA | 8.125% | 01/24/2019 | 0.3% |
| Grupo Televisa SAB | 6.625% | 01/15/2040 | 0.3% |
| AngloGold Ashanti Holdings plc | 6.500% | 04/15/2040 | 0.3% |
| SURA Asset Management SA | 4.375% | 04/11/2027 | 0.3% |
| JB y Co SA de CV | 3.750% | 05/13/2025 | 0.3% |
| Banco Inbursa SA Institucion de Banca Multiple | 4.375% | 04/11/2027 | 0.3% |
| Guanay Finance Ltd. | 6.000% | 12/15/2020 | 0.3% |
| Emirates Airline | 4.500% | 02/06/2025 | 0.3% |
| Hutchison Whampoa International 03/33 Ltd. | 7.450% | 11/24/2033 | 0.3% |
| YPF S.A. | 6.950% | 07/21/2027 | 0.3% |
| Southern Copper Corp. | 3.500% | 11/08/2022 | 0.3% |
| Ivory Coast Govt Intl Bnd | 5.125% | 06/15/2025 | 0.3% |
| Dubai Electricity & Wtr Auth | 7.375% | 10/21/2020 | 0.2% |
| IRSA Propiedades Comerciales SA | 8.750% | 03/23/2023 | 0.2% |
| Provincia de Buenos Aires, Argentina | 6.500% | 02/15/2023 | 0.2% |
| SUAM Finance B.V. | 4.875% | 04/17/2024 | 0.2% |
| Bangkok Bank Public Co. Ltd. | 4.800% | 10/18/2020 | 0.2% |
| InRetail Consumer | 5.250% | 10/10/2021 | 0.2% |
| Petronas Capital Ltd. | 5.250% | 08/12/2019 | 0.2% |
| Republic of Argentina | 0.000% | 12/15/2035 | 0.2% |
| Ecopetrol S.A. | 5.875% | 05/28/2045 | 0.2% |
| Provincia de Buenos Aires, Argentina | 25.018% | 05/31/2022 | 0.2% |
| South Africa Government Bond | 7.000% | 02/28/2031 | 0.2% |
| Province of Neuquen | 7.500% | 04/27/2025 | 0.2% |
| Delek & Avner Tamar Bond Ltd. | 5.412% | 12/30/2025 | 0.2% |
| Corp Lindley SA | 4.625% | 04/12/2023 | 0.1% |
| Barminco Finance Pty Ltd. | 6.625% | 05/15/2022 | 0.1% |
| Yum! Brands, Inc. | 5.350% | 11/01/2043 | 0.1% |
| Vale Overseas Ltd. | 6.250% | 08/10/2026 | 0.1% |
| HudBay Minerals, Inc. | 7.625% | 01/15/2025 | 0.1% |
| Volcan Cia Minera SAA | 5.375% | 02/02/2022 | 0.1% |
| MEG Energy Corp. | 6.375% | 01/30/2023 | 0.1% |
| Grinding Media, Inc. / MC Grinding Media Canada, I | 7.375% | 12/15/2023 | 0.1% |
| SM Energy Co. | 6.500% | 01/01/2023 | 0.1% |
| Popular, Inc. | 7.000% | 07/01/2019 | 0.1% |
| Hilcorp Energy L.P. / Hilcorp Finance Co. | 5.000% | 12/01/2024 | 0.0% |
| US 10YR NOTE (CBT) DEC17 | 0.000% | 12/29/2017 | 0.0% |
| US ULTRA BOND CBT DEC17 | 0.000% | 12/29/2017 | 0.0% |
| US 2YR NOTE (CBT) DEC17 | 0.000% | 01/04/2018 | 0.0% |
| US 10YR NOTE (CBT)DEC17 | 0.000% | 12/29/2017 | 0.0% |
| US 5YR NOTE (CBT) DEC17 | 0.000% | 01/04/2018 | 0.0% |
| US LONG BOND(CBT) DEC17 | 0.000% | 12/29/2017 | 0.0% |
| FX USD/EUR 11/17 | 0.000% | 11/16/2017 | 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 10/20/2017
- $0.485
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 09/30/2017 | $0.05229 | $15.76 |
| Daily | Daily | 08/31/2017 | $0.05480 | $15.75 |
| Daily | Daily | 07/31/2017 | $0.05416 | $15.61 |
| Daily | Daily | 06/30/2017 | $0.05473 | $15.52 |
| Daily | Daily | 05/31/2017 | $0.05281 | $15.56 |
| Daily | Daily | 04/30/2017 | $0.05253 | $15.53 |
| Daily | Daily | 03/31/2017 | $0.05408 | $15.41 |
| Daily | Daily | 02/28/2017 | $0.05549 | $15.43 |
| Daily | Daily | 01/31/2017 | $0.05440 | $15.24 |
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 | 10/31/2017 |
| Daily | Daily | 11/30/2017 |
| Daily | Daily | 12/31/2017 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 07/30/2015 | 07/31/2015 | - | $0.0012 | $0.0012 | $14.94 |
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 |
|---|---|
| 12/14/2017 | 12/15/2017 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 10/20/2017
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $16.18 |
| $100,000 to $249,999 | 1.75% | 1.50% | $16.10 |
| $250,000 to $499,999 | 1.25% | 1.00% | $16.02 |
| $500,000 to $999,999 | 0.00% | 1.00% | $15.82 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $15.82 |
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 09/30/2017
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 04/30/2018. 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
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Flyer
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Capital Markets Presentation
Publish Date:11/03/2015
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