Emerging Markets Corporate Debt Fund
Daily price w/o sales charge as of 06/18/2019
$15.11
$0.04
YTD Returns w/o sales charge as of 06/18/2019
7.89%
Overall Morningstar RatingsEmerging Markets Bond
as of 05/31/2019
Morningstar rated the Lord Abbett Emerging Markets Corporate Debt Fund class A share 3 and 5 stars among 236 and 178 Emerging Markets Bond Funds for the overall rating and the 3 and 5 year periods ended 5/31/2019, 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 06/18/2019
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.58% | 4.09% |
| w/ sales charge | 4.48% | 4.00% |
30-Day Standardized Yield 2 as of 05/31/2019
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 4.39% | 3.77% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 05/31/2019
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 05/31/2019
- Total Net Assets
- $41.63 M
- Inception Date
- 12/31/2013
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 194
- 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 | 6.30% | 6.08% | 4.41% | 4.29% | - | 5.22% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 6.40% | 4.51% | 4.90% | 2.26% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 6.49% | 7.38% | 5.39% | 4.52% | - | 5.23% |
| w/ sales charge | 3.90% | 3.69% | 3.61% | 3.82% | - | 4.78% |
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 | 5.41% | 3.10% | 4.81% | 4.91% | - | 5.22% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 5.90% | 0.31% | 5.18% | 2.92% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 5.15% | 4.60% | 5.62% | 4.83% | - | 5.15% |
| w/ sales charge | 3.04% | 0.78% | 4.03% | 4.43% | - | 4.77% |
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 of future results.
| Country | Assets |
|---|---|
| China | |
| Brazil | |
| India | |
| Indonesia | |
| Mexico | |
| Colombia | |
| Russia | |
| UAE | |
| Turkey | |
| Chile | |
| South Africa | |
| Argentina | |
| Peru | |
| Israel | |
| Saudi Arabia | |
| South Korea | |
| Hong Kong | |
| Qatar | |
| Ukraine | |
| Kazakhstan | |
| Zambia | |
| Panama | |
| Thailand | |
| Nigeria | |
| Kuwait | |
| United States | |
| Spain | |
| Macau | |
| Egypt | |
| Georgia | |
| Netherlands | |
| Uruguay | |
| Morocco | |
| Paraguay | |
| Mongolia | |
| Singapore | |
| Ghana | |
| Sri Lanka | |
| Guatemala | |
| Luxembourg | |
| Malaysia | |
| Costa Rica | |
| Oman | |
| 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 05/31/2019 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 06/18/2019
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.58% | 4.09% |
| w/ sales charge | 4.48% | 4.00% |
30-Day Standardized Yield 2 as of 05/31/2019
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 4.39% | 3.77% |
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 | 6.30% | 6.08% | 4.41% | 4.29% | - | 5.22% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 6.40% | 4.51% | 4.90% | 2.26% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 6.49% | 7.38% | 5.39% | 4.52% | - | 5.23% |
| w/ sales charge | 3.90% | 3.69% | 3.61% | 3.82% | - | 4.78% |
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 | 5.41% | 3.10% | 4.81% | 4.91% | - | 5.22% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 5.90% | 0.31% | 5.18% | 2.92% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 5.15% | 4.60% | 5.62% | 4.83% | - | 5.15% |
| w/ sales charge | 3.04% | 0.78% | 4.03% | 4.43% | - | 4.77% |
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 of 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% | - | - | - | 7.89% |
| 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 05/31/2019
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 05/31/2019
| 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 05/31/2019
- Total Net Assets
- $41.63 M
- Number of Issues
- 194
- Average Coupon
- 5.67%
- Average Life
- 8.41 Years
- Average Maturity
- 8.32 Years
- Average Modified Duration
- 4.79 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 | 1.6% |
| Petrobras Global Finance BV | 5.999% | 01/27/2028 | 1.3% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 1.1% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 1.0% |
| Zenith Bank plc | 7.375% | 05/30/2022 | 1.0% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 1.0% |
| Eskom Holdings SOC Ltd. | 5.750% | 01/26/2021 | 1.0% |
| Turkiye Garanti Bankasi AS | 6.250% | 04/20/2021 | 0.9% |
| Turkiye Is Bankasi | 5.000% | 04/30/2020 | 0.9% |
| Country Garden Holdings Co. Ltd. | 4.750% | 01/17/2023 | 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 | 1.2% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 1.1% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 1.1% |
| Zenith Bank plc | 7.375% | 05/30/2022 | 1.0% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 1.0% |
| Eskom Holdings SOC Ltd. | 5.750% | 01/26/2021 | 1.0% |
| Turkiye Garanti Bankasi AS | 6.250% | 04/20/2021 | 1.0% |
| Country Garden Holdings Co. Ltd. | 4.750% | 01/17/2023 | 1.0% |
| Turkiye Is Bankasi | 5.000% | 04/30/2020 | 1.0% |
| China Evergrande Group | 6.250% | 06/28/2021 | 0.9% |
| DP World Ltd. | 6.850% | 07/02/2037 | 0.9% |
| Kaisa Group Holdings Ltd. | 9.375% | 06/30/2024 | 0.9% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 0.9% |
| Ecopetrol S.A. | 5.875% | 05/28/2045 | 0.8% |
| Eterna Capital Pte Ltd | 8.000% | 12/11/2022 | 0.7% |
| Cemig Geracao e Transmissao SA | 9.250% | 12/05/2024 | 0.7% |
| Bahia Sul Holdings GmbH | 7.000% | 03/16/2047 | 0.7% |
| AI Candelaria Spain SLU | 7.500% | 12/15/2028 | 0.7% |
| Turkiye Vakiflar Bankasi Tao | 6.875% | 02/03/2025 | 0.7% |
| Southern Copper Corp. | 5.875% | 04/23/2045 | 0.7% |
| Embraer Netherlands Finance BV | 5.050% | 06/15/2025 | 0.6% |
| Sberbank of Russia Via SB Capital S.A. | 5.250% | 05/23/2023 | 0.6% |
| Reliance Industries Ltd. | 4.125% | 01/28/2025 | 0.6% |
| Israel Electric Corp. | 4.250% | 08/14/2028 | 0.6% |
| Teva Pharmaceutical Finance Netherlands III BV | 6.000% | 04/15/2024 | 0.6% |
| Medco Platinum Road Pte Ltd | 6.750% | 01/30/2025 | 0.6% |
| OJSC Novolipetsk Steel via Steel Funding Ltd. | 4.000% | 09/21/2024 | 0.6% |
| BBVA Bancomer SA | 5.125% | 01/18/2033 | 0.6% |
| Kazakhstan Temir Zholy Finance BV | 6.950% | 07/10/2042 | 0.6% |
| Georgia Capital JSC | 6.125% | 03/09/2024 | 0.6% |
| Indonesia Asahan Aluminium Persero PT | 6.530% | 11/15/2028 | 0.6% |
| Aeropuerto Internacional de Tocumen SA | 6.000% | 11/18/2048 | 0.6% |
| Vedanta Resources plc | 6.125% | 08/09/2024 | 0.6% |
| Teva Pharmaceutical Finance Netherlands III BV | 2.800% | 07/21/2023 | 0.6% |
| Power Finance Corp Ltd | 6.150% | 12/06/2028 | 0.6% |
| Perusahaan Listrik Negara PT | 6.150% | 05/21/2048 | 0.6% |
| Hunt Oil Co of Peru LLC Sucursal Del Peru | 6.375% | 06/01/2028 | 0.5% |
| Transportadora de Gas Internacional SA ESP | 5.550% | 11/01/2028 | 0.5% |
| China Overseas Finance Cayman V Ltd. | 5.350% | 11/15/2042 | 0.5% |
| Arcos Dorados Holdings, Inc. | 5.875% | 04/04/2027 | 0.5% |
| Indonesia Asahan Aluminium Persero PT | 5.710% | 11/15/2023 | 0.5% |
| Fresnillo plc | 5.500% | 11/13/2023 | 0.5% |
| OCP S.A. | 6.875% | 04/25/2044 | 0.5% |
| Rumo Luxembourg Sarl | 7.375% | 02/09/2024 | 0.5% |
| Eldorado Intl. Finance GmbH | 8.625% | 06/16/2021 | 0.5% |
| Bank of China Ltd. | 5.000% | 11/13/2024 | 0.5% |
| Qatar Government International Bond | 4.817% | 03/14/2049 | 0.5% |
| Grupo de Inversiones Suramericana SA | 5.500% | 04/29/2026 | 0.5% |
| Dolphin Energy Ltd. | 5.500% | 12/15/2021 | 0.5% |
| Millicom International Cellular S.A. | 6.625% | 10/15/2026 | 0.5% |
| Sberbank of Russia Via SB Capital S.A. | 6.125% | 02/07/2022 | 0.5% |
| Bangkok Bank Public Co. Ltd. | 5.000% | 10/03/2023 | 0.5% |
| Abu Dhabi Crude Oil Pipeline LLC | 4.600% | 11/02/2047 | 0.5% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 7.750% | 04/28/2021 | 0.5% |
| Abu Dhabi National Energy Co. | 4.875% | 04/23/2030 | 0.5% |
| VM Holding SA | 5.375% | 05/04/2027 | 0.5% |
| Peru LNG Srl | 5.375% | 03/22/2030 | 0.5% |
| SASOL Financing USA LLC | 5.875% | 03/27/2024 | 0.5% |
| Myriad International Holdings BV | 4.850% | 07/06/2027 | 0.5% |
| Lukoil International Finance BV | 4.750% | 11/02/2026 | 0.5% |
| Eskom Holdings SOC Ltd. | 6.350% | 08/10/2028 | 0.5% |
| Bank of China Hong Kong Ltd | 5.900% | 09/14/2168 | 0.5% |
| Sunac China Holdings Ltd | 8.625% | 07/27/2020 | 0.5% |
| HT Global IT Solutions Holdings Ltd | 7.000% | 07/14/2021 | 0.5% |
| MHP S.A. | 7.750% | 05/10/2024 | 0.5% |
| WTT Investment Ltd/Hong Kong | 5.500% | 11/21/2022 | 0.5% |
| GNL Quintero SA | 4.634% | 07/31/2029 | 0.5% |
| E.CL SA | 4.500% | 01/29/2025 | 0.5% |
| Kernel Holding SA | 8.750% | 01/31/2022 | 0.5% |
| Banco Mercantil del Norte SA/Grand Cayman | 7.625% | 07/06/2167 | 0.5% |
| Woori Bank | 4.750% | 04/30/2024 | 0.5% |
| MAF Sukuk Ltd. | 4.500% | 11/03/2025 | 0.5% |
| Latam Finance Ltd. | 7.000% | 03/01/2026 | 0.5% |
| ABJA Investment Co. Pte Ltd. | 5.950% | 07/31/2024 | 0.5% |
| Alibaba Group Holding Ltd. | 3.600% | 11/28/2024 | 0.5% |
| Cemex Finance LLC | 6.000% | 04/01/2024 | 0.5% |
| Banco BTG Pactual SA/Cayman Islands | 7.750% | 02/15/2029 | 0.5% |
| Telefonica Celular del Paraguay SA | 5.875% | 04/15/2027 | 0.5% |
| China Overseas Finance Cayman V Ltd. | 3.950% | 11/15/2022 | 0.5% |
| Delhi International Airport Pvt Ltd | 6.125% | 10/31/2026 | 0.5% |
| Tullow Oil plc | 7.000% | 03/01/2025 | 0.5% |
| SABIC Capital II BV | 4.000% | 10/10/2023 | 0.5% |
| Huarong Finance II Co Ltd | 4.625% | 06/03/2026 | 0.5% |
| Energuate Trust | 5.875% | 05/03/2027 | 0.5% |
| Eskom Holdings SOC Ltd. | 7.125% | 02/11/2025 | 0.5% |
| China Railway Resources Huitung Ltd. | 3.850% | 02/05/2023 | 0.5% |
| Yingde Gases Investment Ltd | 6.250% | 01/19/2023 | 0.5% |
| GC Treasury Center Co Ltd | 4.250% | 09/19/2022 | 0.5% |
| Tencent Holdings Ltd. | 3.800% | 02/11/2025 | 0.5% |
| China Oil & Gas Group Ltd. | 5.000% | 05/07/2020 | 0.5% |
| Gas Natural de Lima y Callao S.A. | 4.375% | 04/01/2023 | 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% |
| Banco do Brasil SA | 4.625% | 01/15/2025 | 0.5% |
| SK Telecom Co. Ltd. | 3.750% | 04/16/2023 | 0.5% |
| CNOOC Finance (2015) U.S.A. LLC | 3.500% | 05/05/2025 | 0.5% |
| Emirates Telecommunications Corp. | 3.500% | 06/18/2024 | 0.5% |
| Transportadora de Gas del Peru SA | 4.250% | 04/30/2028 | 0.5% |
| Qtel International Finance Ltd. | 3.875% | 01/31/2028 | 0.5% |
| Export Credit Bank of Turkey | 8.250% | 01/24/2024 | 0.5% |
| Development Bank of Mongolia LLC | 7.250% | 10/23/2023 | 0.5% |
| Emirates Semb Corp Water & Power Co PJSC | 4.450% | 08/01/2035 | 0.5% |
| Korea Expressway Corp. | 3.625% | 10/22/2021 | 0.5% |
| Banco de Bogota SA | 4.375% | 08/03/2027 | 0.5% |
| SURA Asset Management SA | 4.375% | 04/11/2027 | 0.5% |
| Shimao Property Holdings Ltd. | 4.750% | 07/03/2022 | 0.5% |
| Swire Properties MTN Financing Ltd. | 3.625% | 01/13/2026 | 0.5% |
| Turkiye Halk Bankasi AS | 4.750% | 06/04/2019 | 0.5% |
| Sigma Finance Netherlands BV | 4.875% | 03/27/2028 | 0.5% |
| America Movil SAB de CV | 4.375% | 04/22/2049 | 0.5% |
| Huarong Finance 2017 Co Ltd | 4.500% | 01/24/2167 | 0.5% |
| CNAC HK Finbridge Co Ltd | 4.125% | 07/19/2027 | 0.5% |
| Axis Bank Ltd./Dubai | 3.250% | 05/21/2020 | 0.5% |
| Nigeria Government International Bond | 6.500% | 11/28/2027 | 0.5% |
| Saka Energi Indonesia PT | 4.450% | 05/05/2024 | 0.5% |
| CNAC HK Finbridge Co Ltd | 3.500% | 07/19/2022 | 0.5% |
| Marble II Pte Ltd. | 5.300% | 06/20/2022 | 0.5% |
| National Savings Bank | 5.150% | 09/10/2019 | 0.5% |
| Vedanta Resources Finance II PLC | 9.250% | 04/23/2026 | 0.5% |
| Tengizchevroil Finance Co International Ltd | 4.000% | 08/15/2026 | 0.5% |
| Qtel International Finance Ltd. | 3.250% | 02/21/2023 | 0.5% |
| Klabin Austria GmbH | 7.000% | 04/03/2049 | 0.5% |
| Celulosa Arauco y Constitucion SA | 5.500% | 04/30/2049 | 0.5% |
| CSN Resources SA | 7.625% | 04/17/2026 | 0.5% |
| Shriram Transport Finance Co Ltd | 5.950% | 10/24/2022 | 0.5% |
| CK Hutchison International 17 Ltd | 3.500% | 04/05/2027 | 0.5% |
| MMC Norilsk Nickel OJSC via MMC Finance Ltd. | 4.100% | 04/11/2023 | 0.5% |
| Ghana Government International Bond | 8.950% | 03/26/2051 | 0.5% |
| NBK SPC Ltd. | 2.750% | 05/30/2022 | 0.5% |
| Nemak S.A.B. de C.V. | 4.750% | 01/23/2025 | 0.5% |
| Teva Pharmaceutical Finance Co. B.V. | 3.650% | 11/10/2021 | 0.5% |
| Banistmo SA | 3.650% | 09/19/2022 | 0.5% |
| Braskem Netherlands Finance BV | 4.500% | 01/10/2028 | 0.5% |
| Equate Petrochemical BV | 3.000% | 03/03/2022 | 0.5% |
| Celeo Redes Operacion Chile SA | 5.200% | 06/22/2047 | 0.5% |
| Theta Capital Pte Ltd. | 7.000% | 04/11/2022 | 0.5% |
| Phosagro OAO via Phosagro Bond Funding Ltd | 3.949% | 04/24/2023 | 0.5% |
| Press Metal Labuan Ltd | 4.800% | 10/30/2022 | 0.5% |
| Banco de Credito e Inversiones | 3.500% | 10/12/2027 | 0.5% |
| Minejesa Capital BV | 4.625% | 08/10/2030 | 0.5% |
| Grupo KUO SAB De CV | 5.750% | 07/07/2027 | 0.5% |
| Egypt Government International Bond | 6.588% | 02/21/2028 | 0.5% |
| Oztel Holdings SPC Ltd | 6.625% | 04/24/2028 | 0.5% |
| Saudi Arabian Oil Co | 4.375% | 04/16/2049 | 0.5% |
| First Quantum Minerals Ltd. | 7.500% | 04/01/2025 | 0.5% |
| Autopistas del Sol SA/Costa Rica | 7.375% | 12/30/2030 | 0.5% |
| Turkiye Sise ve Cam Fabrikalari AS | 6.950% | 03/14/2026 | 0.5% |
| Indika Energy Capital III Pte Ltd | 5.875% | 11/09/2024 | 0.5% |
| Mexichem SAB de CV | 5.500% | 01/15/2048 | 0.5% |
| Adani Transmission Ltd | 4.000% | 08/03/2026 | 0.5% |
| SACI Falabella | 3.750% | 10/30/2027 | 0.5% |
| Finansbank A.S. | 4.875% | 05/19/2022 | 0.5% |
| Greenko Investment Co | 4.875% | 08/16/2023 | 0.5% |
| MHP Lux SA | 6.950% | 04/03/2026 | 0.5% |
| Rede D'or Finance Sarl | 4.950% | 01/17/2028 | 0.5% |
| China Evergrande Group | 8.750% | 06/28/2025 | 0.5% |
| BRF GmbH | 4.350% | 09/29/2026 | 0.4% |
| Banco do Brasil SA | 6.250% | 01/31/2163 | 0.4% |
| Nakilat, Inc. | 6.267% | 12/31/2033 | 0.4% |
| GMR Hyderabad International Airport Ltd | 4.250% | 10/27/2027 | 0.4% |
| Arcor | 6.000% | 07/06/2023 | 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% |
| Pampa Energia SA | 7.500% | 01/24/2027 | 0.4% |
| Stoneway Capital Corp | 10.000% | 03/01/2027 | 0.4% |
| BanColombia SA | 5.950% | 06/03/2021 | 0.4% |
| CSN Resources SA | 6.500% | 07/21/2020 | 0.4% |
| Terraform Global Operating LLC | 6.125% | 03/01/2026 | 0.4% |
| Grupo Televisa SAB | 6.625% | 01/15/2040 | 0.4% |
| AngloGold Ashanti Holdings plc | 6.500% | 04/15/2040 | 0.4% |
| Gol Finance, Inc. | 7.000% | 01/31/2025 | 0.4% |
| Teva Pharmaceutical Finance Netherlands III BV | 3.150% | 10/01/2026 | 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 | 0.2% |
| Ctrip.com International Ltd. | 1.000% | 07/01/2020 | 0.2% |
| IRSA Propiedades Comerciales SA | 8.750% | 03/23/2023 | 0.2% |
| Petrobras Global Finance BV | 6.900% | 03/19/2049 | 0.2% |
| Barminco Finance Pty Ltd. | 6.625% | 05/15/2022 | 0.2% |
| First Quantum Minerals Ltd. | 7.000% | 02/15/2021 | 0.2% |
| 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) JUN19 | 0.000% | 06/28/2019 | 0.0% |
| US 5YR NOTE (CBT) JUN19 | 0.000% | 07/03/2019 | 0.0% |
| US 10YR ULTRA FUT JUN19 | 0.000% | 06/28/2019 | 0.0% |
| US 2YR NOTE (CBT) JUN19 | 0.000% | 07/03/2019 | 0.0% |
| US 10YR NOTE (CBT)JUN19 | 0.000% | 06/28/2019 | 0.0% |
| US ULTRA BOND CBT JUN19 | 0.000% | 06/28/2019 | 0.0% |
| Credit Index Swap | 1.000% | 06/20/2024 | 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 06/18/2019
- $0.288
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 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 | 06/30/2019 |
| Daily | Daily | 07/31/2019 |
| 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 |
|---|---|
| 07/30/2019 | 07/31/2019 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 06/18/2019
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $15.46 |
| $100,000 to $249,999 | 1.75% | 1.50% | $15.38 |
| $250,000 to $499,999 | 1.25% | 1.00% | $15.30 |
| $500,000 to $999,999 | 0.00% | 1.00% | $15.11 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $15.11 |
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 05/31/2019
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
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Capital Markets Presentation
Publish Date:11/03/2015
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