Emerging Markets Corporate Debt Fund
Daily price w/o sales charge as of 10/22/2019
$15.35
$0.01
YTD Returns w/o sales charge as of 10/22/2019
11.28%
Overall Morningstar RatingsEmerging Markets Bond
as of 09/30/2019
Morningstar rated the Lord Abbett Emerging Markets Corporate Debt Fund class A share 4 and 4 stars among 252 and 194 Emerging Markets Bond Funds for the overall rating and the 3 and 5 year periods ended 9/30/2019, 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 10/22/2019
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.45% | 3.96% |
| w/ sales charge | 4.35% | 3.87% |
30-Day Standardized Yield 2 as of 09/30/2019
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 3.98% | 3.49% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 09/30/2019
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 09/30/2019
- Total Net Assets
- $46.79 M
- Inception Date
- 12/31/2013
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 214
- 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 | 10.72% | 9.93% | 4.33% | 4.90% | - | 5.65% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 9.96% | 8.79% | 3.71% | 3.38% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 10.64% | 10.59% | 5.05% | 5.21% | - | 5.62% |
| w/ sales charge | 8.22% | 7.42% | 3.53% | 4.42% | - | 5.24% |
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 | 10.72% | 9.93% | 4.33% | 4.90% | - | 5.65% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 9.96% | 8.79% | 3.71% | 3.38% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 10.64% | 10.59% | 5.05% | 5.21% | - | 5.62% |
| w/ sales charge | 8.22% | 7.42% | 3.53% | 4.42% | - | 5.24% |
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 | |
| Mexico | |
| Turkey | |
| UAE | |
| Colombia | |
| Russia | |
| Indonesia | |
| Peru | |
| Chile | |
| Argentina | |
| South Africa | |
| Saudi Arabia | |
| Israel | |
| Qatar | |
| Hong Kong | |
| Ukraine | |
| Kazakhstan | |
| Panama | |
| South Korea | |
| United States | |
| Zambia | |
| Thailand | |
| Kuwait | |
| Singapore | |
| Vietnam | |
| Spain | |
| Macau | |
| Morocco | |
| Egypt | |
| Netherlands | |
| Luxembourg | |
| Paraguay | |
| Mongolia | |
| Oman | |
| Nigeria | |
| Guatemala | |
| Georgia | |
| Ghana | |
| 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 09/30/2019 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 10/22/2019
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.45% | 3.96% |
| w/ sales charge | 4.35% | 3.87% |
30-Day Standardized Yield 2 as of 09/30/2019
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 3.98% | 3.49% |
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 | 10.72% | 9.93% | 4.33% | 4.90% | - | 5.65% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 9.96% | 8.79% | 3.71% | 3.38% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 10.64% | 10.59% | 5.05% | 5.21% | - | 5.62% |
| w/ sales charge | 8.22% | 7.42% | 3.53% | 4.42% | - | 5.24% |
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 | 10.72% | 9.93% | 4.33% | 4.90% | - | 5.65% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 9.96% | 8.79% | 3.71% | 3.38% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 10.64% | 10.59% | 5.05% | 5.21% | - | 5.62% |
| w/ sales charge | 8.22% | 7.42% | 3.53% | 4.42% | - | 5.24% |
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% | 1.39% | - | 11.28% |
| 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 09/30/2019
| 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 09/30/2019
- Total Net Assets
- $46.79 M
- Number of Issues
- 214
- Average Coupon
- 5.59%
- Average Life
- 8.99 Years
- Average Maturity
- 8.81 Years
- Average Modified Duration
- 4.94 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 | 1.2% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 1.0% |
| Petrobras Global Finance BV | 5.093% | 01/15/2030 | 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% |
| E.CL SA | 4.500% | 01/29/2025 | 0.9% |
| Tengizchevroil Finance Co International Ltd | 4.000% | 08/15/2026 | 0.9% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 0.9% |
| Eskom Holdings SOC Ltd. | 5.750% | 01/26/2021 | 0.9% |
| CNAC HK Finbridge Co Ltd | 3.500% | 07/19/2022 | 0.9% |
| Holding | Coupon | Maturity | Assets |
|---|
| Petrobras Global Finance BV | 5.750% | 02/01/2029 | 1.4% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 1.1% |
| YPF S.A. | 6.950% | 07/21/2027 | 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% |
| DP World Ltd. | 6.850% | 07/02/2037 | 0.9% |
| Turkiye Is Bankasi | 5.000% | 04/30/2020 | 0.9% |
| CNAC HK Finbridge Co Ltd | 3.500% | 07/19/2022 | 0.9% |
| Eskom Holdings SOC Ltd. | 5.750% | 01/26/2021 | 0.9% |
| Banco do Brasil SA | 6.250% | 01/31/2163 | 0.9% |
| Country Garden Holdings Co. Ltd. | 4.750% | 01/17/2023 | 0.9% |
| China Evergrande Group | 6.250% | 06/28/2021 | 0.8% |
| Theta Capital Pte Ltd. | 6.750% | 10/31/2026 | 0.8% |
| Ecopetrol S.A. | 5.875% | 05/28/2045 | 0.8% |
| Kaisa Group Holdings Ltd. | 9.375% | 06/30/2024 | 0.7% |
| Southern Copper Corp. | 5.875% | 04/23/2045 | 0.7% |
| Bahia Sul Holdings GmbH | 7.000% | 03/16/2047 | 0.6% |
| Cemig Geracao e Transmissao SA | 9.250% | 12/05/2024 | 0.6% |
| Mong Duong Finance Holdings BV | 5.125% | 05/07/2029 | 0.6% |
| AI Candelaria Spain SLU | 7.500% | 12/15/2028 | 0.6% |
| Turkiye Vakiflar Bankasi Tao | 6.875% | 02/03/2025 | 0.6% |
| Kazakhstan Temir Zholy Finance BV | 6.950% | 07/10/2042 | 0.6% |
| Israel Electric Corp. | 4.250% | 08/14/2028 | 0.6% |
| Embraer Netherlands Finance BV | 5.050% | 06/15/2025 | 0.6% |
| Reliance Industries Ltd. | 4.125% | 01/28/2025 | 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% |
| OJSC Novolipetsk Steel via Steel Funding Ltd. | 4.000% | 09/21/2024 | 0.6% |
| Perusahaan Listrik Negara PT | 6.150% | 05/21/2048 | 0.6% |
| Qatar Government International Bond | 4.817% | 03/14/2049 | 0.6% |
| Aeropuerto Internacional de Tocumen SA | 6.000% | 11/18/2048 | 0.6% |
| OCP S.A. | 6.875% | 04/25/2044 | 0.6% |
| Eterna Capital Pte Ltd | 8.000% | 12/11/2022 | 0.6% |
| China Overseas Finance Cayman V Ltd. | 5.350% | 11/15/2042 | 0.6% |
| Abu Dhabi Crude Oil Pipeline LLC | 4.600% | 11/02/2047 | 0.5% |
| Medco Platinum Road Pte Ltd | 6.750% | 01/30/2025 | 0.5% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 6.950% | 01/30/2168 | 0.5% |
| BBVA Bancomer SA | 5.125% | 01/18/2033 | 0.5% |
| Summer BidCo BV | 9.000% | 11/15/2025 | 0.5% |
| America Movil SAB de CV | 4.375% | 04/22/2049 | 0.5% |
| Power Finance Corp Ltd | 6.150% | 12/06/2028 | 0.5% |
| Transportadora de Gas Internacional SA ESP | 5.550% | 11/01/2028 | 0.5% |
| Abu Dhabi National Energy Co. | 4.875% | 04/23/2030 | 0.5% |
| Saudi Arabian Oil Co | 4.375% | 04/16/2049 | 0.5% |
| Angolan Government International Bond | 9.500% | 11/12/2025 | 0.5% |
| Teva Pharmaceutical Finance Netherlands III BV | 6.000% | 04/15/2024 | 0.5% |
| Arcos Dorados Holdings, Inc. | 5.875% | 04/04/2027 | 0.5% |
| Hunt Oil Co of Peru LLC Sucursal Del Peru | 6.375% | 06/01/2028 | 0.5% |
| Myriad International Holdings BV | 4.850% | 07/06/2027 | 0.5% |
| Grupo de Inversiones Suramericana SA | 5.500% | 04/29/2026 | 0.5% |
| Vedanta Resources plc | 6.125% | 08/09/2024 | 0.5% |
| Celulosa Arauco y Constitucion SA | 5.500% | 04/30/2049 | 0.5% |
| Bangkok Bank Public Co. Ltd. | 5.000% | 10/03/2023 | 0.5% |
| Altice Luxembourg SA | 10.500% | 05/15/2027 | 0.5% |
| Millicom International Cellular S.A. | 6.625% | 10/15/2026 | 0.5% |
| Klabin Austria GmbH | 7.000% | 04/03/2049 | 0.5% |
| Bank of China Ltd. | 5.000% | 11/13/2024 | 0.5% |
| Lukoil International Finance BV | 4.750% | 11/02/2026 | 0.5% |
| Emirates Semb Corp Water & Power Co PJSC | 4.450% | 08/01/2035 | 0.5% |
| Fresnillo plc | 5.500% | 11/13/2023 | 0.5% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 7.750% | 04/28/2021 | 0.5% |
| SASOL Financing USA LLC | 5.875% | 03/27/2024 | 0.5% |
| Celeo Redes Operacion Chile SA | 5.200% | 06/22/2047 | 0.5% |
| Woori Bank | 4.750% | 04/30/2024 | 0.5% |
| Bank of China Hong Kong Ltd | 5.900% | 09/14/2168 | 0.5% |
| MHP S.A. | 7.750% | 05/10/2024 | 0.5% |
| JBS Investments II GmbH | 7.000% | 01/15/2026 | 0.5% |
| Qtel International Finance Ltd. | 3.875% | 01/31/2028 | 0.5% |
| Eskom Holdings SOC Ltd. | 6.350% | 08/10/2028 | 0.5% |
| Telefonica Celular del Paraguay SA | 5.875% | 04/15/2027 | 0.5% |
| MAF Sukuk Ltd. | 4.500% | 11/03/2025 | 0.5% |
| Transportadora de Gas del Peru SA | 4.250% | 04/30/2028 | 0.5% |
| Delhi International Airport Pvt Ltd | 6.125% | 10/31/2026 | 0.5% |
| Rumo Luxembourg Sarl | 7.375% | 02/09/2024 | 0.5% |
| GNL Quintero SA | 4.634% | 07/31/2029 | 0.5% |
| Latam Finance Ltd. | 7.000% | 03/01/2026 | 0.5% |
| Huarong Finance II Co Ltd | 4.625% | 06/03/2026 | 0.5% |
| SABIC Capital II BV | 4.000% | 10/10/2023 | 0.5% |
| Sberbank of Russia Via SB Capital S.A. | 6.125% | 02/07/2022 | 0.5% |
| Dolphin Energy Ltd. | 5.500% | 12/15/2021 | 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% |
| China Cinda Finance 2017 I Ltd | 4.100% | 03/09/2024 | 0.5% |
| CK Hutchison International 17 Ltd | 3.500% | 04/05/2027 | 0.5% |
| VM Holding SA | 5.375% | 05/04/2027 | 0.5% |
| Trust F/1401 | 6.390% | 01/15/2050 | 0.5% |
| Kernel Holding SA | 8.750% | 01/31/2022 | 0.5% |
| CNAC HK Finbridge Co Ltd | 4.125% | 07/19/2027 | 0.5% |
| Alibaba Group Holding Ltd. | 3.600% | 11/28/2024 | 0.5% |
| Tencent Holdings Ltd. | 3.800% | 02/11/2025 | 0.5% |
| SURA Asset Management SA | 4.375% | 04/11/2027 | 0.5% |
| ADCB Finance Cayman Ltd. | 4.000% | 03/29/2023 | 0.5% |
| BBVA Banco Continental S.A. | 5.000% | 08/26/2022 | 0.5% |
| SK Telecom Co. Ltd. | 3.750% | 04/16/2023 | 0.5% |
| Swire Properties MTN Financing Ltd. | 3.625% | 01/13/2026 | 0.5% |
| Gas Natural de Lima y Callao S.A. | 4.375% | 04/01/2023 | 0.5% |
| CNOOC Finance (2015) U.S.A. LLC | 3.500% | 05/05/2025 | 0.5% |
| Banco de Bogota SA | 4.375% | 08/03/2027 | 0.5% |
| Teva Pharmaceutical Finance Netherlands III BV | 2.800% | 07/21/2023 | 0.5% |
| Empresas Publicas de Medellin ESP | 4.250% | 07/18/2029 | 0.5% |
| MHP Lux SA | 6.950% | 04/03/2026 | 0.5% |
| JBS Investments II GmbH | 5.750% | 01/15/2028 | 0.5% |
| Minejesa Capital BV | 4.625% | 08/10/2030 | 0.5% |
| Adani Ports & Special Economic Zone Ltd | 4.375% | 07/03/2029 | 0.5% |
| Banco de Credito e Inversiones | 3.500% | 10/12/2027 | 0.5% |
| Emirates Telecommunications Corp. | 3.500% | 06/18/2024 | 0.5% |
| Banco do Brasil SA | 4.625% | 01/15/2025 | 0.5% |
| Development Bank of Mongolia LLC | 7.250% | 10/23/2023 | 0.5% |
| China Overseas Finance Cayman V Ltd. | 3.950% | 11/15/2022 | 0.5% |
| MMC Norilsk Nickel OJSC via MMC Finance Ltd. | 4.100% | 04/11/2023 | 0.5% |
| ABJA Investment Co. Pte Ltd. | 5.950% | 07/31/2024 | 0.5% |
| Bharti Airtel Ltd | 4.375% | 06/10/2025 | 0.5% |
| China Railway Resources Huitung Ltd. | 3.850% | 02/05/2023 | 0.5% |
| WTT Investment Ltd/Hong Kong | 5.500% | 11/21/2022 | 0.5% |
| Egypt Government International Bond | 6.125% | 01/31/2022 | 0.5% |
| NBM US Holdings Inc | 7.000% | 05/14/2026 | 0.5% |
| Shriram Transport Finance Co Ltd | 5.950% | 10/24/2022 | 0.5% |
| HT Global IT Solutions Holdings Ltd | 7.000% | 07/14/2021 | 0.5% |
| CSN Resources SA | 7.625% | 04/17/2026 | 0.5% |
| Tengizchevroil Finance Co International Ltd | 4.000% | 08/15/2026 | 0.5% |
| Phosagro OAO via Phosagro Bond Funding Ltd | 3.949% | 04/24/2023 | 0.5% |
| Ronshine China Holdings Ltd | 8.750% | 10/25/2022 | 0.4% |
| Eskom Holdings SOC Ltd. | 7.125% | 02/11/2025 | 0.4% |
| Theta Capital Pte Ltd. | 7.000% | 04/11/2022 | 0.4% |
| Mexichem SAB de CV | 5.500% | 01/15/2048 | 0.4% |
| Turkiye Sise ve Cam Fabrikalari AS | 6.950% | 03/14/2026 | 0.4% |
| Adani Transmission Ltd | 4.000% | 08/03/2026 | 0.4% |
| Export Credit Bank of Turkey | 8.250% | 01/24/2024 | 0.4% |
| Oztel Holdings SPC Ltd | 6.625% | 04/24/2028 | 0.4% |
| Sunac China Holdings Ltd | 8.625% | 07/27/2020 | 0.4% |
| Qtel International Finance Ltd. | 3.250% | 02/21/2023 | 0.4% |
| CSN Resources SA | 7.625% | 02/13/2023 | 0.4% |
| Tullow Oil plc | 7.000% | 03/01/2025 | 0.4% |
| National Savings Bank | 5.150% | 09/10/2019 | 0.4% |
| Weibo Corp. | 3.500% | 07/05/2024 | 0.4% |
| Equate Petrochemical BV | 3.000% | 03/03/2022 | 0.4% |
| Yingde Gases Investment Ltd | 6.250% | 01/19/2023 | 0.4% |
| Energuate Trust | 5.875% | 05/03/2027 | 0.4% |
| Saka Energi Indonesia PT | 4.450% | 05/05/2024 | 0.4% |
| Cosan Ltd | 5.500% | 09/20/2029 | 0.4% |
| Greenko Mauritius Ltd | 6.250% | 02/21/2023 | 0.4% |
| Banistmo SA | 3.650% | 09/19/2022 | 0.4% |
| Nemak S.A.B. de C.V. | 4.750% | 01/23/2025 | 0.4% |
| Grupo KUO SAB De CV | 5.750% | 07/07/2027 | 0.4% |
| Shimao Property Holdings Ltd. | 4.750% | 07/03/2022 | 0.4% |
| Nigeria Government International Bond | 6.500% | 11/28/2027 | 0.4% |
| Intercorp Peru Ltd | 3.875% | 08/15/2029 | 0.4% |
| Banco Mercantil del Norte SA/Grand Cayman | 7.625% | 07/06/2167 | 0.4% |
| NBK SPC Ltd. | 2.750% | 05/30/2022 | 0.4% |
| Huarong Finance 2017 Co Ltd | 4.500% | 01/24/2167 | 0.4% |
| Marble II Pte Ltd. | 5.300% | 06/20/2022 | 0.4% |
| TBC Bank JSC | 5.750% | 06/19/2024 | 0.4% |
| Rede D'or Finance Sarl | 4.950% | 01/17/2028 | 0.4% |
| Vedanta Resources Finance II PLC | 9.250% | 04/23/2026 | 0.4% |
| Greenko Solar Mauritius Ltd | 5.950% | 07/29/2026 | 0.4% |
| Press Metal Labuan Ltd | 4.800% | 10/30/2022 | 0.4% |
| Chinalco Capital Holdings Ltd | 4.000% | 08/25/2021 | 0.4% |
| First Quantum Minerals Ltd. | 7.250% | 05/15/2022 | 0.4% |
| BRF GmbH | 4.350% | 09/29/2026 | 0.4% |
| Finansbank A.S. | 4.875% | 05/19/2022 | 0.4% |
| Greenko Investment Co | 4.875% | 08/16/2023 | 0.4% |
| Cencosud SA | 4.375% | 07/17/2027 | 0.4% |
| Indika Energy Capital III Pte Ltd | 5.875% | 11/09/2024 | 0.4% |
| China Evergrande Group | 10.000% | 04/11/2023 | 0.4% |
| Teva Pharmaceutical Finance Co. B.V. | 3.650% | 11/10/2021 | 0.4% |
| Autopistas del Sol SA/Costa Rica | 7.375% | 12/30/2030 | 0.4% |
| First Quantum Minerals Ltd. | 7.500% | 04/01/2025 | 0.4% |
| Infraestructura Energetica Nova SAB de CV | 4.875% | 01/14/2048 | 0.4% |
| GMR Hyderabad International Airport Ltd | 4.250% | 10/27/2027 | 0.4% |
| Nakilat, Inc. | 6.267% | 12/31/2033 | 0.4% |
| Tupras Turkiye Petrol Rafine | 4.500% | 10/18/2024 | 0.4% |
| AngloGold Ashanti Holdings plc | 6.500% | 04/15/2040 | 0.4% |
| Tecpetrol SA | 4.875% | 12/12/2022 | 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 | 0.3% |
| Pampa Energia SA | 9.125% | 04/15/2029 | 0.3% |
| Arcor | 6.000% | 07/06/2023 | 0.3% |
| Petrobras Global Finance BV | 6.900% | 03/19/2049 | 0.3% |
| Petroleos Mexicanos | 4.625% | 09/21/2023 | 0.3% |
| Pampa Energia SA | 7.500% | 01/24/2027 | 0.3% |
| Teva Pharmaceutical Finance Netherlands III BV | 3.150% | 10/01/2026 | 0.3% |
| Stoneway Capital Corp | 10.000% | 03/01/2027 | 0.3% |
| Eterna Capital Pte Ltd | 7.500% | 12/11/2022 | 0.2% |
| GDS Holdings Ltd | 2.000% | 06/01/2025 | 0.2% |
| Ctrip.com International Ltd. | 1.000% | 07/01/2020 | 0.2% |
| Weibo Corp. | 1.250% | 11/15/2022 | 0.2% |
| YPF Energia Electrica SA | 10.000% | 07/25/2026 | 0.2% |
| IRSA Propiedades Comerciales SA | 8.750% | 03/23/2023 | 0.2% |
| Barminco Finance Pty Ltd. | 6.625% | 05/15/2022 | 0.2% |
| Rio Energy SA / UGEN SA / UENSA SA | 6.875% | 02/01/2025 | 0.1% |
| 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% |
| Telecom Argentina SA | 8.000% | 07/18/2026 | 0.1% |
| Vedanta Ltd | 0.000% | - | 0.0% |
| FX USD/EUR 11/19 | 0.000% | 11/14/2019 | 0.0% |
| FX USD/EUR 09/19 | 0.000% | 09/09/2019 | 0.0% |
| US 10YR NOTE (CBT)DEC19 | 0.000% | 12/31/2019 | 0.0% |
| US 10YR ULTRA FUT DEC19 | 0.000% | 12/31/2019 | 0.0% |
| US LONG BOND(CBD) DEC19 | 0.000% | 12/31/2019 | 0.0% |
| US 2YR NOTE (CBT) DEC19 | 0.000% | 01/06/2020 | 0.0% |
| US 5YR NOTE (CBT) DEC19 | 0.000% | 01/06/2020 | 0.0% |
| US ULTRA BOND CBT DEC19 | 0.000% | 12/31/2019 | 0.0% |
| Credit Default Swap | 1.000% | 06/20/2020 | 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 10/22/2019
- $0.516
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 09/30/2019 | $0.05690 | $15.31 |
| Daily | Daily | 08/31/2019 | $0.05728 | $15.20 |
| 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 | 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 10/22/2019
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $15.70 |
| $100,000 to $249,999 | 1.75% | 1.50% | $15.62 |
| $250,000 to $499,999 | 1.25% | 1.00% | $15.54 |
| $500,000 to $999,999 | 0.00% | 1.00% | $15.35 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $15.35 |
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 09/30/2019
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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