Emerging Markets Corporate Debt Fund
Daily price w/o sales charge as of 08/21/2017
$15.66
$0.01
YTD Returns w/o sales charge as of 08/21/2017
6.67%
Overall Morningstar RatingsEmerging Markets Bond
as of 07/31/2017
Morningstar rated the Lord Abbett Emerging Markets Corporate Debt Fund class A share 5 stars among 224 Emerging Markets Bond Funds for the overall rating and the 3 year periods ended 7/31/2017, 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 08/21/2017
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.15% | 3.53% |
| w/ sales charge | 4.06% | 3.45% |
30-Day Standardized Yield 2 as of 07/31/2017
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 3.50% | 3.01% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 07/31/2017
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 07/31/2017
- Total Net Assets
- $45.96 M
- Inception Date
- 12/31/2013
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 224
- 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 | 6.07% | 5.35% | 5.30% | - | - | 6.59% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 7.86% | 7.17% | 3.07% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 5.83% | 5.97% | 5.09% | - | - | 6.04% |
| w/ sales charge | 3.67% | 2.95% | 4.51% | - | - | 5.92% |
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 | 5.10% | 5.97% | 4.97% | - | - | 6.47% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 6.63% | 7.77% | 2.57% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 5.00% | 6.81% | 4.80% | - | - | 5.96% |
| w/ sales charge | 2.71% | 3.60% | 4.18% | - | - | 5.79% |
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 | |
| Peru | |
| Mexico | |
| India | |
| Argentina | |
| Chile | |
| Russia | |
| UAE | |
| Colombia | |
| Qatar | |
| Indonesia | |
| South Korea | |
| Hong Kong | |
| South Africa | |
| Singapore | |
| Thailand | |
| Saudi Arabia | |
| Guatemala | |
| Nigeria | |
| Israel | |
| Luxembourg | |
| Ukraine | |
| Ghana | |
| Costa Rica | |
| Kazakhstan | |
| Sri Lanka | |
| Kuwait | |
| Jamaica | |
| Paraguay | |
| United States | |
| Malaysia | |
| Morocco | |
| Uruguay | |
| Netherlands | |
| Barbados | |
| Dominican Republic | |
| Senegal | |
| Panama | |
| Macau | |
| Ecuador | |
| Ivory Coast | |
| Canada | |
| 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 | |
| Other |
Credit Quality Distribution as of 07/31/2017 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 08/21/2017
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.15% | 3.53% |
| w/ sales charge | 4.06% | 3.45% |
30-Day Standardized Yield 2 as of 07/31/2017
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 3.50% | 3.01% |
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 | 6.07% | 5.35% | 5.30% | - | - | 6.59% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 7.86% | 7.17% | 3.07% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 5.83% | 5.97% | 5.09% | - | - | 6.04% |
| w/ sales charge | 3.67% | 2.95% | 4.51% | - | - | 5.92% |
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 | 5.10% | 5.97% | 4.97% | - | - | 6.47% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 6.63% | 7.77% | 2.57% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 5.00% | 6.81% | 4.80% | - | - | 5.96% |
| w/ sales charge | 2.71% | 3.60% | 4.18% | - | - | 5.79% |
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% | - | - | 6.67% |
| 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 07/31/2017
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 | |
| 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 07/31/2017
| 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 07/31/2017
- Total Net Assets
- $45.96 M
- Number of Issues
- 224
- Average Coupon
- 5.32%
- Average Life
- 8.2 Years
- Average Maturity
- 8.2 Years
- Average Modified Duration
- 5.4 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 | 7.375% | 01/17/2027 | 1.6% |
| YPF S.A. | 8.500% | 07/28/2025 | 1.2% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 1.0% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 1.0% |
| 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% |
| Tencent Holdings Ltd. | 2.875% | 02/11/2020 | 0.9% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 0.9% |
| Turkiye Halk Bankasi AS | 4.750% | 02/11/2021 | 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 |
|---|
| Petrobras Global Finance BV | 7.375% | 01/17/2027 | 1.7% |
| YPF S.A. | 8.500% | 07/28/2025 | 1.3% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 1.0% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 1.0% |
| KOC Holding AS | 5.250% | 03/15/2023 | 1.0% |
| CNOOC Finance 2012 Ltd. | 3.875% | 05/02/2022 | 0.9% |
| Alibaba Group Holding Ltd. | 3.600% | 11/28/2024 | 0.9% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 0.9% |
| Tencent Holdings Ltd. | 2.875% | 02/11/2020 | 0.9% |
| Turkiye Is Bankasi | 3.750% | 10/10/2018 | 0.9% |
| Turkiye Halk Bankasi AS | 4.750% | 02/11/2021 | 0.9% |
| Korea Exchange Bank | 2.500% | 06/12/2019 | 0.9% |
| Qtel International Finance Ltd. | 3.250% | 02/21/2023 | 0.9% |
| Industrial & Commercial Bank of China Ltd/Dubai | 2.625% | 05/26/2020 | 0.9% |
| QNB Finance Ltd. | 2.875% | 04/29/2020 | 0.9% |
| DP World Ltd. | 6.850% | 07/02/2037 | 0.8% |
| Turkiye Is Bankasi | 6.125% | 04/25/2024 | 0.7% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 0.7% |
| Reliance Industries Ltd. | 4.125% | 01/28/2025 | 0.6% |
| Southern Copper Corp. | 5.875% | 04/23/2045 | 0.6% |
| Republic of Argentina | 8.280% | 12/31/2033 | 0.6% |
| Petroleos Mexicanos | 5.500% | 06/27/2044 | 0.5% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 7.750% | 04/28/2021 | 0.5% |
| Altice Financing S.A. | 7.500% | 05/15/2026 | 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% |
| Shimao Property Holdings Ltd. | 8.375% | 02/10/2022 | 0.5% |
| Bangkok Bank Public Co. Ltd. | 5.000% | 10/03/2023 | 0.5% |
| Arcos Dorados Holdings, Inc. | 5.875% | 04/04/2027 | 0.5% |
| Fresnillo plc | 5.500% | 11/13/2023 | 0.5% |
| Vnesheconombank Via VEB Finance plc | 6.800% | 11/22/2025 | 0.5% |
| Sberbank of Russia Via SB Capital S.A. | 6.125% | 02/07/2022 | 0.5% |
| Kernel Holding SA | 8.750% | 01/31/2022 | 0.5% |
| BBVA Banco Continental S.A. | 5.000% | 08/26/2022 | 0.5% |
| Republic of Zambia | 8.970% | 07/30/2027 | 0.5% |
| ICICI Bank Ltd. | 5.750% | 11/16/2020 | 0.5% |
| Kazakhstan Temir Zholy Finance BV | 6.950% | 07/10/2042 | 0.5% |
| Perusahaan Listrik Negara PT | 5.500% | 11/22/2021 | 0.5% |
| Cencosud SA | 4.875% | 01/20/2023 | 0.5% |
| Dolphin Energy Ltd. | 5.500% | 12/15/2021 | 0.5% |
| Braskem Finance Ltd. | 6.450% | 02/03/2024 | 0.5% |
| VTR Finance B.V. | 6.875% | 01/15/2024 | 0.5% |
| Gruma SAB de CV | 4.875% | 12/01/2024 | 0.5% |
| SingTel Group Treasury Pte Ltd. | 4.500% | 09/08/2021 | 0.5% |
| VimpelCom Holdings BV | 5.950% | 02/13/2023 | 0.5% |
| Aeropuertos Dominicanos Siglo XXI SA | 6.750% | 03/30/2029 | 0.5% |
| Gruposura Finance | 5.500% | 04/29/2026 | 0.5% |
| ABJA Investment Co. Pte Ltd. | 5.950% | 07/31/2024 | 0.5% |
| Delhi International Airport Pvt Ltd | 6.125% | 10/31/2026 | 0.5% |
| Israel Electric Corp. | 5.000% | 11/12/2024 | 0.5% |
| Central American Bottling Corp. | 5.750% | 01/31/2027 | 0.5% |
| Columbus International, Inc. | 7.375% | 03/30/2021 | 0.5% |
| Bank of China Ltd. | 5.000% | 11/13/2024 | 0.5% |
| Altice Financing S.A. | 6.625% | 02/15/2023 | 0.5% |
| Banco de Bogota SA | 6.250% | 05/12/2026 | 0.5% |
| PTT Global Chemical pcl | 4.250% | 09/19/2022 | 0.5% |
| Republic of Costa Rica | 7.158% | 03/12/2045 | 0.5% |
| Turkiye Garanti Bankasi AS | 6.250% | 04/20/2021 | 0.5% |
| Banco de Credito del Peru | 4.250% | 04/01/2023 | 0.5% |
| Bharti Airtel International Netherlands BV | 5.125% | 03/11/2023 | 0.5% |
| Pacific Emerald Pte Ltd. | 9.750% | 07/25/2018 | 0.5% |
| SACI Falabella | 4.375% | 01/27/2025 | 0.5% |
| E.CL SA | 4.500% | 01/29/2025 | 0.5% |
| Itau Unibanco Holding SA (Cayman Islands) | 5.500% | 08/06/2022 | 0.5% |
| SMU S.A. | 7.750% | 02/08/2020 | 0.5% |
| GNL Quintero SA | 4.634% | 07/31/2029 | 0.5% |
| Cosan Luxembourg SA | 7.000% | 01/20/2027 | 0.5% |
| Inkia Energy Ltd. | 8.375% | 04/04/2021 | 0.5% |
| Rumo Luxembourg Sarl | 7.375% | 02/09/2024 | 0.5% |
| Kosmos Energy Ltd. | 7.875% | 08/01/2021 | 0.5% |
| Banco de Credito e Inversiones | 4.000% | 02/11/2023 | 0.5% |
| CNPC General Capital Ltd. | 3.950% | 04/19/2022 | 0.5% |
| Woori Bank | 4.750% | 04/30/2024 | 0.5% |
| MAF Sukuk Ltd. | 4.500% | 11/03/2025 | 0.5% |
| Telefonica Celular del Paraguay SA | 6.750% | 12/13/2022 | 0.5% |
| China Railway Resources Huitung Ltd. | 3.850% | 02/05/2023 | 0.5% |
| Transportadora de Gas del Peru SA | 4.250% | 04/30/2028 | 0.5% |
| Republic of Argentina | 6.875% | 01/26/2027 | 0.5% |
| Pertamina Persero PT | 5.625% | 05/20/2043 | 0.5% |
| Energuate Trust | 5.875% | 05/03/2027 | 0.5% |
| Gas Natural de Lima y Callao S.A. | 4.375% | 04/01/2023 | 0.5% |
| Empresa de Energia de Bogota SA | 6.125% | 11/10/2021 | 0.5% |
| Petra Diamonds US Treasury plc | 7.250% | 05/01/2022 | 0.5% |
| China Overseas Finance Cayman V Ltd. | 3.950% | 11/15/2022 | 0.5% |
| Ihs Netherlands Holdco BV | 9.500% | 10/27/2021 | 0.5% |
| Autopistas del Sol SA/Costa Rica | 7.375% | 12/30/2030 | 0.5% |
| Teva Pharmaceutical Finance Co. B.V. | 3.650% | 11/10/2021 | 0.5% |
| Wynn Macau Ltd. | 5.250% | 10/15/2021 | 0.5% |
| Banco Mercantil del Norte SA/Grand Cayman | 0.000% | 10/06/2099 | 0.5% |
| Eskom Holdings SOC Ltd. | 5.750% | 01/26/2021 | 0.5% |
| Vedanta Resources plc | 7.125% | 05/31/2023 | 0.5% |
| China Oil & Gas Group Ltd. | 5.000% | 05/07/2020 | 0.5% |
| Mexico City Airport Trust | 4.250% | 10/31/2026 | 0.5% |
| Latam Finance Ltd. | 6.875% | 04/11/2024 | 0.5% |
| Lukoil International Finance BV | 4.750% | 11/02/2026 | 0.5% |
| Listrindo Capital BV | 4.950% | 09/14/2026 | 0.5% |
| MTS International Funding Ltd. | 5.000% | 05/30/2023 | 0.5% |
| National Savings Bank | 5.150% | 09/10/2019 | 0.5% |
| Abu Dhabi National Energy Co. | 4.375% | 06/22/2026 | 0.5% |
| Baidu, Inc. | 3.500% | 11/28/2022 | 0.5% |
| Bank of China Ltd./Hong Kong | 3.875% | 06/30/2025 | 0.5% |
| United Overseas Bank Ltd. | 3.500% | 09/16/2026 | 0.5% |
| MHP S.A. | 7.750% | 05/10/2024 | 0.5% |
| Cia Minera Milpo SAA | 4.625% | 03/28/2023 | 0.5% |
| Acwa Power Management And Investments One Ltd | 5.950% | 12/15/2039 | 0.5% |
| PTT PCL | 3.375% | 10/25/2022 | 0.5% |
| Abu Dhabi National Energy Co. | 3.625% | 01/12/2023 | 0.5% |
| Senegal Goverment International Bond | 6.250% | 05/23/2033 | 0.5% |
| Grupo Cementos de Chihuahua SAB de CV | 5.250% | 06/23/2024 | 0.5% |
| GTL Trade Finance, Inc. | 5.893% | 04/29/2024 | 0.5% |
| Capex SA | 6.875% | 05/15/2024 | 0.5% |
| Celeo Redes Operacion Chile SA | 5.200% | 06/22/2047 | 0.5% |
| VM Holding SA | 5.375% | 05/04/2027 | 0.5% |
| Emirates Telecommunications Corp. | 3.500% | 06/18/2024 | 0.5% |
| HKT Capital No, 2 Ltd. | 3.625% | 04/02/2025 | 0.5% |
| Republic of Panama | 4.500% | 05/15/2047 | 0.5% |
| EXIM Sukuk Malaysia Bhd | 2.874% | 02/19/2019 | 0.5% |
| Zenith Bank plc | 6.250% | 04/22/2019 | 0.5% |
| Swire Properties MTN Financing Ltd. | 2.750% | 03/07/2020 | 0.5% |
| Akbank TAS | 4.000% | 01/24/2020 | 0.5% |
| ADCB Finance Cayman Ltd. | 2.750% | 09/16/2019 | 0.5% |
| Petroleos del Peru SA | 5.625% | 06/19/2047 | 0.5% |
| Axis Bank Ltd./Dubai | 3.250% | 05/21/2020 | 0.5% |
| Oversea-Chinese Banking Corp. Ltd. | 3.150% | 03/11/2023 | 0.5% |
| Turkiye Sise ve Cam Fabrikalari AS | 4.250% | 05/09/2020 | 0.5% |
| Saka Energi Indonesia PT | 4.450% | 05/05/2024 | 0.5% |
| Theta Capital Pte Ltd. | 6.750% | 10/31/2026 | 0.5% |
| Arcor | 6.000% | 07/06/2023 | 0.5% |
| Hyundai Capital America | 2.600% | 03/19/2020 | 0.5% |
| Sri Lanka (Democratic Socialist Republic of) | 6.200% | 05/11/2027 | 0.5% |
| Turkiye Halk Bankasi AS | 4.750% | 06/04/2019 | 0.5% |
| Marble II Pte Ltd. | 5.300% | 06/20/2022 | 0.5% |
| Korea Development Bank | 2.500% | 01/13/2021 | 0.5% |
| Myriad International Holdings BV | 4.850% | 07/06/2027 | 0.5% |
| Qtel International Finance Ltd. | 3.875% | 01/31/2028 | 0.5% |
| CNOOC Finance (2015) U.S.A. LLC | 3.500% | 05/05/2025 | 0.5% |
| AIA Group Ltd. | 2.250% | 03/11/2019 | 0.5% |
| MMC Norilsk Nickel OJSC via MMC Finance Ltd. | 4.100% | 04/11/2023 | 0.5% |
| Grupo KUO SAB De CV | 5.750% | 07/07/2027 | 0.5% |
| Republic of Chile | 3.860% | 06/21/2047 | 0.5% |
| Turkiye Vakiflar Bankasi Tao | 5.625% | 05/30/2022 | 0.5% |
| Sinopec Group Overseas Development Ltd. | 4.100% | 04/28/2045 | 0.5% |
| Bank of India | 3.125% | 05/06/2020 | 0.5% |
| Turkiye Is Bankasi | 0.000% | 06/29/2028 | 0.5% |
| Unifin Financiera SAB de CV SOFOM ENR | 7.000% | 01/15/2025 | 0.5% |
| State Grid Overseas Investment 2016 Ltd | 2.250% | 05/04/2020 | 0.5% |
| Turkiye Garanti Bankasi AS | 6.125% | 05/24/2027 | 0.5% |
| Finansbank A.S. | 4.875% | 05/19/2022 | 0.5% |
| Guatemala Government Bond | 4.375% | 06/05/2027 | 0.4% |
| JD.com, Inc. | 3.875% | 04/29/2026 | 0.4% |
| Equate Petrochemical BV | 3.000% | 03/03/2022 | 0.4% |
| Shinhan Bank | 2.250% | 04/15/2020 | 0.4% |
| Minerva Luxembourg SA | 6.500% | 09/20/2026 | 0.4% |
| Eldorado Intl. Finance GmbH | 8.625% | 06/16/2021 | 0.4% |
| Adani Ports & Special Economic Zone Ltd | 4.000% | 07/30/2027 | 0.4% |
| NBK SPC Ltd. | 2.750% | 05/30/2022 | 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% |
| Orazul Energy Egenor S en C por A | 5.625% | 04/28/2027 | 0.4% |
| Zenith Bank plc | 7.375% | 05/30/2022 | 0.4% |
| Tengizchevroil Finance Co International Ltd | 4.000% | 08/15/2026 | 0.4% |
| Digicel Ltd. | 6.750% | 03/01/2023 | 0.4% |
| Gol LuxCo SA | 8.875% | 01/24/2022 | 0.4% |
| Nakilat, Inc. | 6.267% | 12/31/2033 | 0.4% |
| Vale Overseas Ltd. | 4.375% | 01/11/2022 | 0.4% |
| GCX Ltd. | 7.000% | 08/01/2019 | 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% |
| Province of Neuquen | 8.625% | 05/12/2028 | 0.4% |
| BanColombia SA | 5.950% | 06/03/2021 | 0.4% |
| Banco Regional SAECA | 8.125% | 01/24/2019 | 0.4% |
| Vale Overseas Ltd. | 6.875% | 11/10/2039 | 0.4% |
| Cablevision SA/Argentina | 6.500% | 06/15/2021 | 0.4% |
| Grupo Televisa SAB | 6.625% | 01/15/2040 | 0.4% |
| Emirates Airline | 4.500% | 02/06/2025 | 0.4% |
| AngloGold Ashanti Holdings plc | 6.500% | 04/15/2040 | 0.4% |
| SURA Asset Management SA | 4.375% | 04/11/2027 | 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% |
| JB y Co SA de CV | 3.750% | 05/13/2025 | 0.3% |
| Hutchison Whampoa International 03/33 Ltd. | 7.450% | 11/24/2033 | 0.3% |
| Southern Copper Corp. | 3.500% | 11/08/2022 | 0.3% |
| Dubai Electricity & Wtr Auth | 7.375% | 10/21/2020 | 0.3% |
| Provincia de Buenos Aires, Argentina | 6.500% | 02/15/2023 | 0.3% |
| Ivory Coast Govt Intl Bnd | 5.125% | 06/15/2025 | 0.3% |
| IRSA Propiedades Comerciales SA | 8.750% | 03/23/2023 | 0.3% |
| Petronas Capital Ltd. | 5.250% | 08/12/2019 | 0.2% |
| Bangkok Bank Public Co. Ltd. | 4.800% | 10/18/2020 | 0.2% |
| SUAM Finance B.V. | 4.875% | 04/17/2024 | 0.2% |
| InRetail Consumer | 5.250% | 10/10/2021 | 0.2% |
| Delek & Avner Tamar Bond Ltd. | 5.412% | 12/30/2025 | 0.2% |
| Provincia de Buenos Aires, Argentina | 23.768% | 05/31/2022 | 0.2% |
| South Africa Government Bond | 7.000% | 02/28/2031 | 0.2% |
| Ecopetrol S.A. | 5.875% | 05/28/2045 | 0.2% |
| Province of Neuquen | 7.500% | 04/27/2025 | 0.2% |
| Corp Lindley SA | 4.625% | 04/12/2023 | 0.2% |
| Barminco Finance Pty Ltd. | 6.625% | 05/15/2022 | 0.1% |
| Vale Overseas Ltd. | 6.250% | 08/10/2026 | 0.1% |
| Yum! Brands, Inc. | 5.350% | 11/01/2043 | 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% |
| Petroleos Mexicanos | 4.500% | 01/23/2026 | 0.1% |
| Popular, Inc. | 7.000% | 07/01/2019 | 0.1% |
| Petroleos Mexicanos | 5.375% | 03/13/2022 | 0.0% |
| Hilcorp Energy L.P. / Hilcorp Finance Co. | 5.000% | 12/01/2024 | 0.0% |
| US LONG BOND(CBT) SEP17 | 0.000% | 09/29/2017 | 0.0% |
| US 2YR NOTE (CBT) SEP17 | 0.000% | 10/04/2017 | 0.0% |
| US 10YR NOTE (CBT)SEP17 | 0.000% | 09/29/2017 | 0.0% |
| US 5YR NOTE (CBT) SEP17 | 0.000% | 10/04/2017 | 0.0% |
| FX USD/EUR 08/17 | 0.000% | 08/16/2017 | 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 08/21/2017
- $0.378
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 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 | 08/31/2017 |
| Daily | Daily | 09/30/2017 |
| 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 08/21/2017
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $16.02 |
| $100,000 to $249,999 | 1.75% | 1.50% | $15.94 |
| $250,000 to $499,999 | 1.25% | 1.00% | $15.86 |
| $500,000 to $999,999 | 0.00% | 1.00% | $15.66 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $15.66 |
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 07/31/2017
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
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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