Emerging Markets Corporate Debt Fund
Daily price w/o sales charge as of 06/15/2018
$14.61
$0.02
YTD Returns w/o sales charge as of 06/15/2018
-4.20%
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 06/15/2018
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.49% | 3.99% |
| w/ sales charge | 4.39% | 3.90% |
30-Day Standardized Yield 2 as of 05/31/2018
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 4.52% | 4.12% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 05/31/2018
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 04/30/2019. 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 05/31/2018
- Total Net Assets
- $57.44 M
- Inception Date
- 12/31/2013
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 264
- CUSIP
- 543908677
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 1.55%
Net 1.05%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2013 |
|---|
| w/o sales charge | -3.46% | -0.20% | 3.64% | - | - | 5.02% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | -4.04% | -0.44% | 3.62% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | -2.46% | 0.48% | 3.78% | - | - | 4.76% |
| w/ sales charge | -5.64% | -2.46% | 2.86% | - | - | 4.49% |
Fund Expense Ratio :
Gross 1.55%
Net 1.05%
Fund Expense Ratio :
Gross 1.55%
Net 1.05%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2013 |
|---|
| w/o sales charge | -1.49% | 3.52% | 5.11% | - | - | 5.72% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | -0.43% | 5.64% | 5.50% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | -1.13% | 3.66% | 5.02% | - | - | 5.28% |
| w/ sales charge | -3.72% | 1.22% | 4.31% | - | - | 5.17% |
Fund Expense Ratio :
Gross 1.55%
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 |
|---|---|
| Brazil | |
| China | |
| Mexico | |
| Peru | |
| Russia | |
| Turkey | |
| Argentina | |
| UAE | |
| Indonesia | |
| India | |
| Colombia | |
| Chile | |
| Qatar | |
| Israel | |
| South Korea | |
| South Africa | |
| Ukraine | |
| Saudi Arabia | |
| Nigeria | |
| United States | |
| Singapore | |
| Zambia | |
| Kazakhstan | |
| Ghana | |
| Sri Lanka | |
| Hong Kong | |
| Thailand | |
| Malaysia | |
| Angola | |
| Kuwait | |
| Paraguay | |
| Jamaica | |
| Uruguay | |
| Bahamas | |
| Georgia | |
| Morocco | |
| Netherlands | |
| Costa Rica | |
| Egypt | |
| Switzerland | |
| Oman | |
| Dominican Republic | |
| Guatemala | |
| Panama | |
| 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 05/31/2018 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 06/15/2018
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.49% | 3.99% |
| w/ sales charge | 4.39% | 3.90% |
30-Day Standardized Yield 2 as of 05/31/2018
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 4.52% | 4.12% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 1.55%
Net 1.05%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2013 |
|---|
| w/o sales charge | -3.46% | -0.20% | 3.64% | - | - | 5.02% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | -4.04% | -0.44% | 3.62% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | -2.46% | 0.48% | 3.78% | - | - | 4.76% |
| w/ sales charge | -5.64% | -2.46% | 2.86% | - | - | 4.49% |
Fund Expense Ratio :
Gross 1.55%
Net 1.05%
Fund Expense Ratio :
Gross 1.55%
Net 1.05%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2013 |
|---|
| w/o sales charge | -1.49% | 3.52% | 5.11% | - | - | 5.72% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | -0.43% | 5.64% | 5.50% | - | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | -1.13% | 3.66% | 5.02% | - | - | 5.28% |
| w/ sales charge | -3.72% | 1.22% | 4.31% | - | - | 5.17% |
Fund Expense Ratio :
Gross 1.55%
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 |
|---|
| 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 |
|---|
| 2018 | -1.49% | - | - | - | -4.17% |
| 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 04/30/2018
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 05/31/2018
| 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 05/31/2018
- Total Net Assets
- $57.44 M
- Number of Issues
- 264
- Average Coupon
- 5.15%
- Average Life
- 9.01 Years
- Average Maturity
- 8.93 Years
- Average Modified Duration
- 4.76 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 | 1.4% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 1.4% |
| YPF S.A. | 6.950% | 07/21/2027 | 1.2% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 0.8% |
| Vale Overseas Ltd. | 6.875% | 11/10/2039 | 0.8% |
| Israel Electric Corp. | 4.250% | 08/14/2028 | 0.8% |
| Vnesheconombank Via VEB Finance plc | 6.800% | 11/22/2025 | 0.7% |
| Kernel Holding SA | 8.750% | 01/31/2022 | 0.7% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 0.7% |
| Zenith Bank plc | 7.375% | 05/30/2022 | 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 | 5.999% | 01/27/2028 | 1.4% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 1.3% |
| YPF S.A. | 6.950% | 07/21/2027 | 1.2% |
| Vale Overseas Ltd. | 6.875% | 11/10/2039 | 0.8% |
| Vnesheconombank Via VEB Finance plc | 6.800% | 11/22/2025 | 0.8% |
| Israel Electric Corp. | 4.250% | 08/14/2028 | 0.7% |
| Zenith Bank plc | 7.375% | 05/30/2022 | 0.7% |
| Kernel Holding SA | 8.750% | 01/31/2022 | 0.7% |
| Banco Mercantil del Norte SA/Grand Cayman | 7.625% | 07/06/2167 | 0.7% |
| Acwa Power Management And Investments One Ltd | 5.950% | 12/15/2039 | 0.7% |
| Turkiye Garanti Bankasi AS | 6.250% | 04/20/2021 | 0.7% |
| Tullow Oil plc | 7.000% | 03/01/2025 | 0.7% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 0.7% |
| Eskom Holdings SOC Ltd. | 5.750% | 01/26/2021 | 0.7% |
| Hyundai Capital America | 3.450% | 03/12/2021 | 0.7% |
| Turkiye Vakiflar Bankasi Tao | 5.625% | 05/30/2022 | 0.7% |
| Turkiye Is Bankasi | 5.000% | 04/30/2020 | 0.7% |
| Abu Dhabi National Energy Co. | 4.375% | 06/22/2026 | 0.7% |
| Industrial & Commercial Bank of China Ltd/Dubai | 2.625% | 05/26/2020 | 0.7% |
| Saka Energi Indonesia PT | 4.450% | 05/05/2024 | 0.7% |
| QNB Finance Ltd. | 2.875% | 04/29/2020 | 0.7% |
| SURA Asset Management SA | 4.375% | 04/11/2027 | 0.7% |
| MMC Norilsk Nickel OJSC via MMC Finance Ltd. | 4.100% | 04/11/2023 | 0.7% |
| Qtel International Finance Ltd. | 3.250% | 02/21/2023 | 0.7% |
| Country Garden Holdings Co. Ltd. | 4.750% | 09/28/2023 | 0.7% |
| Braskem Netherlands Finance BV | 4.500% | 01/10/2028 | 0.6% |
| JD.com, Inc. | 3.875% | 04/29/2026 | 0.6% |
| Adani Ports & Special Economic Zone Ltd | 4.000% | 07/30/2027 | 0.6% |
| DP World Ltd. | 6.850% | 07/02/2037 | 0.6% |
| Kaisa Group Holdings Ltd. | 9.375% | 06/30/2024 | 0.6% |
| JB y Co SA de CV | 3.750% | 05/13/2025 | 0.6% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 0.6% |
| Provincia de la Rioja | 9.750% | 02/24/2025 | 0.5% |
| Eterna Capital Pte Ltd | 8.000% | 12/11/2022 | 0.5% |
| Senegal Goverment International Bond | 4.750% | 03/13/2028 | 0.5% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 0.5% |
| Gol Finance, Inc. | 7.000% | 01/31/2025 | 0.5% |
| Southern Copper Corp. | 5.875% | 04/23/2045 | 0.5% |
| Bahamas Government International Bond | 6.000% | 11/21/2028 | 0.4% |
| Embraer Netherlands Finance BV | 5.050% | 06/15/2025 | 0.4% |
| Vale SA | 5.625% | 09/11/2042 | 0.4% |
| Petroleos Mexicanos | 5.500% | 06/27/2044 | 0.4% |
| Sberbank of Russia Via SB Capital S.A. | 5.250% | 05/23/2023 | 0.4% |
| Banco de Credito del Peru | 4.850% | 10/30/2020 | 0.4% |
| Reliance Industries Ltd. | 4.125% | 01/28/2025 | 0.4% |
| Teva Pharmaceutical Finance Netherlands III BV | 6.000% | 04/15/2024 | 0.4% |
| Medco Platinum Road Pte Ltd | 6.750% | 01/30/2025 | 0.4% |
| Petkim Petrokimya Holding AS | 5.875% | 01/26/2023 | 0.4% |
| Fenix Power Peru SA | 4.317% | 09/20/2027 | 0.4% |
| JSC Georgia Capital | 6.125% | 03/09/2024 | 0.4% |
| BBVA Bancomer SA | 5.125% | 01/18/2033 | 0.4% |
| Industrial & Commercial Bank of China Ltd. | 3.538% | 11/08/2027 | 0.4% |
| Alibaba Group Holding Ltd. | 4.400% | 12/06/2057 | 0.4% |
| OJSC Novolipetsk Steel via Steel Funding Ltd. | 4.000% | 09/21/2024 | 0.4% |
| Angolan Government International Bond | 9.500% | 11/12/2025 | 0.4% |
| FMG Finance Pty Ltd. | 9.750% | 03/01/2022 | 0.4% |
| Kazakhstan Temir Zholy Finance BV | 6.950% | 07/10/2042 | 0.4% |
| Arcos Dorados Holdings, Inc. | 5.875% | 04/04/2027 | 0.4% |
| Eldorado Intl. Finance GmbH | 8.625% | 06/16/2021 | 0.4% |
| China Overseas Finance Cayman V Ltd. | 5.350% | 11/15/2042 | 0.4% |
| OCP S.A. | 6.875% | 04/25/2044 | 0.4% |
| Dolphin Energy Ltd. | 5.500% | 12/15/2021 | 0.4% |
| Rumo Luxembourg Sarl | 7.375% | 02/09/2024 | 0.4% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 7.750% | 04/28/2021 | 0.4% |
| Perusahaan Listrik Negara PT | 5.500% | 11/22/2021 | 0.4% |
| MHP S.A. | 7.750% | 05/10/2024 | 0.4% |
| Fresnillo plc | 5.500% | 11/13/2023 | 0.4% |
| Banco de Bogota SA | 6.250% | 05/12/2026 | 0.4% |
| Bahia Sul Holdings GmbH | 5.750% | 07/14/2026 | 0.4% |
| Bangkok Bank Public Co. Ltd. | 5.000% | 10/03/2023 | 0.4% |
| Sberbank of Russia Via SB Capital S.A. | 6.125% | 02/07/2022 | 0.4% |
| Teva Pharmaceutical Finance Netherlands III BV | 2.800% | 07/21/2023 | 0.4% |
| Gruma SAB de CV | 4.875% | 12/01/2024 | 0.4% |
| BBVA Banco Continental S.A. | 5.000% | 08/26/2022 | 0.4% |
| HT Global IT Solutions Holdings Ltd | 7.000% | 07/14/2021 | 0.4% |
| Telefonica Celular del Paraguay SA | 6.750% | 12/13/2022 | 0.4% |
| Bank of China Ltd. | 5.000% | 11/13/2024 | 0.4% |
| Gruposura Finance | 5.500% | 04/29/2026 | 0.4% |
| SingTel Group Treasury Pte Ltd. | 4.500% | 09/08/2021 | 0.4% |
| Autopistas del Sol SA/Costa Rica | 7.375% | 12/30/2030 | 0.4% |
| Capex SA | 6.875% | 05/15/2024 | 0.4% |
| Nigeria Government International Bond | 7.143% | 02/23/2030 | 0.4% |
| Pampa Energia SA | 7.500% | 01/24/2027 | 0.3% |
| MAF Sukuk Ltd. | 4.500% | 11/03/2025 | 0.3% |
| Cemex Finance LLC | 6.000% | 04/01/2024 | 0.3% |
| VimpelCom Holdings BV | 5.950% | 02/13/2023 | 0.3% |
| Egypt Government International Bond | 7.903% | 02/21/2048 | 0.3% |
| VM Holding SA | 5.375% | 05/04/2027 | 0.3% |
| Latam Finance Ltd. | 6.875% | 04/11/2024 | 0.3% |
| JSL Europe SA | 7.750% | 07/26/2024 | 0.3% |
| China Oil & Gas Group Ltd. | 5.000% | 05/07/2020 | 0.3% |
| Centrais Eletricas Brasileiras SA | 5.750% | 10/27/2021 | 0.3% |
| KazMunayGas National Co. | 6.375% | 10/24/2048 | 0.3% |
| Celeo Redes Operacion Chile SA | 5.200% | 06/22/2047 | 0.3% |
| CNOOC Finance 2012 Ltd. | 3.875% | 05/02/2022 | 0.3% |
| Myriad International Holdings BV | 4.850% | 07/06/2027 | 0.3% |
| E.CL SA | 4.500% | 01/29/2025 | 0.3% |
| Turkiye Sise ve Cam Fabrikalari AS | 4.250% | 05/09/2020 | 0.3% |
| Banco de Credito del Peru | 4.250% | 04/01/2023 | 0.3% |
| ABJA Investment Co. Pte Ltd. | 5.950% | 07/31/2024 | 0.3% |
| PTT Global Chemical pcl | 4.250% | 09/19/2022 | 0.3% |
| Energuate Trust | 5.875% | 05/03/2027 | 0.3% |
| Zenith Bank plc | 6.250% | 04/22/2019 | 0.3% |
| KOC Holding AS | 5.250% | 03/15/2023 | 0.3% |
| MTS International Funding Ltd. | 5.000% | 05/30/2023 | 0.3% |
| Cementos Pacasmayo SAA | 4.500% | 02/08/2023 | 0.3% |
| Woori Bank | 4.750% | 04/30/2024 | 0.3% |
| Cia Minera Milpo SAA | 4.625% | 03/28/2023 | 0.3% |
| Grupo Cementos de Chihuahua SAB de CV | 5.250% | 06/23/2024 | 0.3% |
| Natura Cosmeticos SA | 5.375% | 02/01/2023 | 0.3% |
| CNPC General Capital Ltd. | 3.950% | 04/19/2022 | 0.3% |
| GNL Quintero SA | 4.634% | 07/31/2029 | 0.3% |
| Dominican Republic International Bond | 6.500% | 02/15/2048 | 0.3% |
| Cosan Luxembourg SA | 5.000% | 03/14/2023 | 0.3% |
| Marble II Pte Ltd. | 5.300% | 06/20/2022 | 0.3% |
| Lukoil International Finance BV | 4.750% | 11/02/2026 | 0.3% |
| China Overseas Finance Cayman V Ltd. | 3.950% | 11/15/2022 | 0.3% |
| Bank of China Ltd./Hong Kong | 3.875% | 06/30/2025 | 0.3% |
| Gas Natural de Lima y Callao S.A. | 4.375% | 04/01/2023 | 0.3% |
| Akbank TAS | 4.000% | 01/24/2020 | 0.3% |
| Axis Bank Ltd./Dubai | 3.250% | 05/21/2020 | 0.3% |
| National Savings Bank | 5.150% | 09/10/2019 | 0.3% |
| Geopark Ltd. | 6.500% | 09/21/2024 | 0.3% |
| Peru LNG Srl | 5.375% | 03/22/2030 | 0.3% |
| China Railway Resources Huitung Ltd. | 3.850% | 02/05/2023 | 0.3% |
| Delhi International Airport Pvt Ltd | 6.125% | 10/31/2026 | 0.3% |
| EXIM Sukuk Malaysia Bhd | 2.874% | 02/19/2019 | 0.3% |
| WTT Investment Ltd/Hong Kong | 5.500% | 11/21/2022 | 0.3% |
| Turkiye Halk Bankasi AS | 4.750% | 06/04/2019 | 0.3% |
| Itau Unibanco Holding SA (Cayman Islands) | 6.125% | 12/12/2167 | 0.3% |
| Tencent Holdings Ltd. | 3.800% | 02/11/2025 | 0.3% |
| Baidu, Inc. | 3.500% | 11/28/2022 | 0.3% |
| Alibaba Group Holding Ltd. | 3.600% | 11/28/2024 | 0.3% |
| First Quantum Minerals Ltd. | 7.500% | 04/01/2025 | 0.3% |
| Grupo KUO SAB De CV | 5.750% | 07/07/2027 | 0.3% |
| Emirates Telecommunications Corp. | 3.500% | 06/18/2024 | 0.3% |
| Syngenta Finance NV | 4.441% | 04/24/2023 | 0.3% |
| Baidu, Inc. | 3.875% | 09/29/2023 | 0.3% |
| Sri Lanka (Democratic Socialist Republic of) | 5.750% | 04/18/2023 | 0.3% |
| Unifin Financiera SAB de CV SOFOM ENR | 7.000% | 01/15/2025 | 0.3% |
| Banco do Brasil SA | 4.875% | 04/19/2023 | 0.3% |
| Sri Lanka (Democratic Socialist Republic of) | 6.200% | 05/11/2027 | 0.3% |
| Bank of India | 3.125% | 05/06/2020 | 0.3% |
| SK Telecom Co. Ltd. | 3.750% | 04/16/2023 | 0.3% |
| Korea Exchange Bank | 4.250% | 10/14/2024 | 0.3% |
| Petroleos del Peru SA | 5.625% | 06/19/2047 | 0.3% |
| Aegea Finance Sarl | 5.750% | 10/10/2024 | 0.3% |
| Corp Nacional del Cobre de Chile | 4.500% | 08/01/2047 | 0.3% |
| Pelabuhan Indonesia III Persero PT | 4.500% | 05/02/2023 | 0.3% |
| Qatar Government International Bond | 5.103% | 04/23/2048 | 0.3% |
| Abu Dhabi National Energy Co. | 4.875% | 04/23/2030 | 0.3% |
| YPF S.A. | 7.000% | 12/15/2047 | 0.3% |
| State Grid Overseas Investment 2016 Ltd | 2.250% | 05/04/2020 | 0.3% |
| China Evergrande Group | 8.750% | 06/28/2025 | 0.3% |
| ADCB Finance Cayman Ltd. | 4.000% | 03/29/2023 | 0.3% |
| Russia Foreign Bond | 5.250% | 06/23/2047 | 0.3% |
| Transportadora de Gas del Peru SA | 4.250% | 04/30/2028 | 0.3% |
| Huarong Finance 2017 Co Ltd | 4.500% | 01/24/2167 | 0.3% |
| Abu Dhabi National Energy Co. | 3.625% | 01/12/2023 | 0.3% |
| China Evergrande Group | 6.250% | 06/28/2021 | 0.3% |
| Sigma Finance Netherlands BV | 4.875% | 03/27/2028 | 0.3% |
| United Overseas Bank Ltd. | 3.500% | 09/16/2026 | 0.3% |
| Oztel Holdings SPC Ltd | 5.625% | 10/24/2023 | 0.3% |
| Hyundai Capital America | 2.600% | 03/19/2020 | 0.3% |
| Emirates Semb Corp Water & Power Co PJSC | 4.450% | 08/01/2035 | 0.3% |
| Turkiye Vakiflar Bankasi Tao | 5.750% | 01/30/2023 | 0.3% |
| Inkia Energy Ltd. | 5.875% | 11/09/2027 | 0.3% |
| MHP Lux SA | 6.950% | 04/03/2026 | 0.3% |
| Huarong Finance II Co Ltd | 4.625% | 06/03/2026 | 0.3% |
| Korea Development Bank | 2.500% | 01/13/2021 | 0.3% |
| Greenko Dutch BV | 5.250% | 07/24/2024 | 0.3% |
| Finansbank A.S. | 4.875% | 05/19/2022 | 0.3% |
| Banco Safra SA/Cayman Islands | 4.125% | 02/08/2023 | 0.3% |
| Shinhan Bank | 2.250% | 04/15/2020 | 0.3% |
| Oztel Holdings SPC Ltd | 6.625% | 04/24/2028 | 0.3% |
| Arcor | 6.000% | 07/06/2023 | 0.3% |
| CNOOC Finance (2015) U.S.A. LLC | 3.500% | 05/05/2025 | 0.3% |
| Banco do Brasil SA | 4.625% | 01/15/2025 | 0.3% |
| Industrial Bank of Korea | 2.000% | 04/23/2020 | 0.3% |
| CNAC HK Finbridge Co Ltd | 3.500% | 07/19/2022 | 0.3% |
| Halcyon Agri Corp Ltd | 4.500% | 10/26/2099 | 0.3% |
| Fibria Overseas Finance Ltd. | 4.000% | 01/14/2025 | 0.3% |
| Indika Energy Capital III Pte Ltd | 5.875% | 11/09/2024 | 0.3% |
| Gerdau Trade, Inc. | 4.875% | 10/24/2027 | 0.3% |
| NBK SPC Ltd. | 2.750% | 05/30/2022 | 0.3% |
| Abu Dhabi Crude Oil Pipeline LLC | 4.600% | 11/02/2047 | 0.3% |
| First Quantum Minerals Ltd. | 6.875% | 03/01/2026 | 0.3% |
| Azul Investments LLP | 5.875% | 10/26/2024 | 0.3% |
| Banco de Bogota SA | 4.375% | 08/03/2027 | 0.3% |
| Banistmo SA | 3.650% | 09/19/2022 | 0.3% |
| Yingde Gases Investment Ltd | 6.250% | 01/19/2023 | 0.3% |
| Cencosud SA | 4.375% | 07/17/2027 | 0.3% |
| Equate Petrochemical BV | 3.000% | 03/03/2022 | 0.3% |
| CK Hutchison International 17 Ltd | 3.500% | 04/05/2027 | 0.3% |
| Minejesa Capital BV | 4.625% | 08/10/2030 | 0.3% |
| Press Metal Labuan Ltd | 4.800% | 10/30/2022 | 0.3% |
| CIMPOR Financial Operations BV | 5.750% | 07/17/2024 | 0.3% |
| Chandra Asri Petrochemical Tbk PT | 4.950% | 11/08/2024 | 0.3% |
| Tengizchevroil Finance Co International Ltd | 4.000% | 08/15/2026 | 0.3% |
| Senegal Goverment International Bond | 6.750% | 03/13/2048 | 0.3% |
| Qtel International Finance Ltd. | 3.875% | 01/31/2028 | 0.3% |
| Listrindo Capital BV | 4.950% | 09/14/2026 | 0.3% |
| Tencent Holdings Ltd. | 3.925% | 01/19/2038 | 0.3% |
| Colbun S.A. | 3.950% | 10/11/2027 | 0.3% |
| Tupras Turkiye Petrol Rafine | 4.500% | 10/18/2024 | 0.3% |
| Pakuwon Prima Pte Ltd | 5.000% | 02/14/2024 | 0.3% |
| Turkiye Halk Bankasi AS | 4.750% | 02/11/2021 | 0.3% |
| Teva Pharmaceutical Finance Co. B.V. | 3.650% | 11/10/2021 | 0.3% |
| Phosagro OAO via Phosagro Bond Funding Ltd | 3.949% | 04/24/2023 | 0.3% |
| SACI Falabella | 3.750% | 10/30/2027 | 0.3% |
| Rede D'or Finance Sarl | 4.950% | 01/17/2028 | 0.3% |
| Petroamazonas EP | 4.625% | 11/06/2020 | 0.3% |
| CNAC HK Finbridge Co Ltd | 4.125% | 07/19/2027 | 0.3% |
| Infraestructura Energetica Nova SAB de CV | 4.875% | 01/14/2048 | 0.3% |
| Intercorp Financial Services Inc | 4.125% | 10/19/2027 | 0.3% |
| Mexichem SAB de CV | 5.500% | 01/15/2048 | 0.3% |
| Digicel Ltd. | 6.750% | 03/01/2023 | 0.3% |
| Banco de Credito e Inversiones | 3.500% | 10/12/2027 | 0.3% |
| Sinopec Group Overseas Development Ltd. | 4.100% | 04/28/2045 | 0.3% |
| Nakilat, Inc. | 6.267% | 12/31/2033 | 0.3% |
| Minerva Luxembourg SA | 5.875% | 01/19/2028 | 0.3% |
| GMR Hyderabad International Airport Ltd | 4.250% | 10/27/2027 | 0.3% |
| Mexico City Airport Trust | 5.500% | 07/31/2047 | 0.3% |
| Republic of Argentina | 0.000% | 12/15/2035 | 0.3% |
| BRF GmbH | 4.350% | 09/29/2026 | 0.3% |
| Dominican Republic International Bond | 8.900% | 02/15/2023 | 0.3% |
| Digicel Group Ltd. | 7.125% | 04/01/2022 | 0.3% |
| BanColombia SA | 5.950% | 06/03/2021 | 0.3% |
| Terraform Global Operating LLC | 6.125% | 03/01/2026 | 0.3% |
| Province of Neuquen | 8.625% | 05/12/2028 | 0.3% |
| Banco Regional SAECA | 8.125% | 01/24/2019 | 0.3% |
| AngloGold Ashanti Holdings plc | 6.500% | 04/15/2040 | 0.3% |
| CSN Resources SA | 6.500% | 07/21/2020 | 0.3% |
| Republic of Argentina | 7.820% | 12/31/2033 | 0.3% |
| Grupo Televisa SAB | 6.625% | 01/15/2040 | 0.3% |
| Rio Energy SA / UGEN SA / UENSA SA | 6.875% | 02/01/2025 | 0.3% |
| Samarco Mineracao S.A. | 4.125% | 11/01/2022 | 0.2% |
| Ras Laffan Liquefied Natural Gas Co., Ltd. | 5.298% | 09/30/2020 | 0.2% |
| Teva Pharmaceutical Finance Netherlands III BV | 3.150% | 10/01/2026 | 0.2% |
| Emirates Airline | 4.500% | 02/06/2025 | 0.2% |
| Guanay Finance Ltd. | 6.000% | 12/15/2020 | 0.2% |
| IRSA Propiedades Comerciales SA | 8.750% | 03/23/2023 | 0.2% |
| Dubai Electricity & Wtr Auth | 7.375% | 10/21/2020 | 0.2% |
| Petronas Capital Ltd. | 5.250% | 08/12/2019 | 0.2% |
| Bangkok Bank Public Co. Ltd. | 4.800% | 10/18/2020 | 0.2% |
| Ecopetrol S.A. | 5.875% | 05/28/2045 | 0.2% |
| Province of Neuquen | 7.500% | 04/27/2025 | 0.1% |
| Barminco Finance Pty Ltd. | 6.625% | 05/15/2022 | 0.1% |
| Provincia de Buenos Aires, Argentina | 6.500% | 02/15/2023 | 0.1% |
| Vale Overseas Ltd. | 4.375% | 01/11/2022 | 0.1% |
| Uruguay Treasury Bills | 0.000% | 03/08/2019 | 0.1% |
| Vale Overseas Ltd. | 6.250% | 08/10/2026 | 0.1% |
| Yum! Brands, Inc. | 5.350% | 11/01/2043 | 0.1% |
| Eterna Capital Pte Ltd | 6.500% | 12/11/2022 | 0.1% |
| Vedanta Ltd | 0.000% | - | 0.1% |
| Popular, Inc. | 7.000% | 07/01/2019 | 0.1% |
| FX USD/EUR 05/18 | 0.000% | 05/16/2018 | 0.0% |
| US ULTRA BOND CBT JUN18 | 0.000% | 06/29/2018 | 0.0% |
| US LONG BOND(CBT) JUN18 | 0.000% | 06/29/2018 | 0.0% |
| EURO-BOBL FUT Jun18 | 0.000% | 06/11/2018 | 0.0% |
| US 10YR ULTRA FUT JUN18 | 0.000% | 06/29/2018 | 0.0% |
| US 5YR NOTE (CBT) JUN18 | 0.000% | 07/05/2018 | 0.0% |
| US 10YR NOTE (CBT)JUN18 | 0.000% | 06/29/2018 | 0.0% |
| US 2YR NOTE (CBT) JUN18 | 0.000% | 07/05/2018 | 0.0% |
| Credit Index Swap | 1.000% | 12/20/2022 | 0.0% |
| FX USD/EUR 12/18 | 0.000% | 12/20/2018 | 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 06/15/2018
- $0.267
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 05/31/2018 | $0.05465 | $14.75 |
| Daily | Daily | 04/30/2018 | $0.05344 | $15.00 |
| Daily | Daily | 03/31/2018 | $0.05282 | $15.16 |
| Daily | Daily | 02/28/2018 | $0.05393 | $15.32 |
| Daily | Daily | 01/31/2018 | $0.05257 | $15.56 |
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 | 06/30/2018 |
| Daily | Daily | 07/31/2018 |
| Daily | Daily | 08/31/2018 |
| Daily | Daily | 09/30/2018 |
| Daily | Daily | 10/31/2018 |
| Daily | Daily | 11/30/2018 |
| Daily | Daily | 12/31/2018 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 12/14/2017 | 12/15/2017 | $0.0784 | $0.0776 | $0.1560 | $15.56 |
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 |
|---|---|
| 07/30/2018 | 07/31/2018 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 06/15/2018
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $14.95 |
| $100,000 to $249,999 | 1.75% | 1.50% | $14.87 |
| $250,000 to $499,999 | 1.25% | 1.00% | $14.79 |
| $500,000 to $999,999 | 0.00% | 1.00% | $14.61 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $14.61 |
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 05/31/2018
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 04/30/2019. 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
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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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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