Emerging Markets Corporate Debt Fund
Daily price w/o sales charge as of 01/17/2020
$15.68
$0.01
YTD Returns w/o sales charge as of 01/17/2020
1.09%
Overall Morningstar RatingsEmerging Markets Bond
as of 12/31/2019
Morningstar rated the Lord Abbett Emerging Markets Corporate Debt Fund class A share 3 and 4 stars among 239 and 179 Emerging Markets Bond Funds for the overall rating and the 3 and 5 year periods ended 12/31/2019, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
The Fund seeks to deliver current income and long term growth of capital by investing primarily in emerging markets corporate debt securities.
Yield
Dividend Yield 1 as of 01/17/2020
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.12% | 3.63% |
| w/ sales charge | 4.03% | 3.55% |
30-Day Standardized Yield 2 as of 12/31/2019
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 3.32% | 2.82% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 12/31/2019
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 04/30/2020. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Basicsas of 12/31/2019
- Total Net Assets
- $62.68 M
- Inception Date
- 12/31/2013
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 232
- 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 | 13.56% | 13.56% | 5.90% | 5.67% | - | 5.85% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 13.21% | 13.21% | 5.81% | 4.84% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 13.09% | 13.09% | 6.29% | 5.93% | - | 5.77% |
| w/ sales charge | 11.00% | 11.00% | 5.09% | 5.19% | - | 5.46% |
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 | 13.56% | 13.56% | 5.90% | 5.67% | - | 5.85% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 13.21% | 13.21% | 5.81% | 4.84% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 13.09% | 13.09% | 6.29% | 5.93% | - | 5.77% |
| w/ sales charge | 11.00% | 11.00% | 5.09% | 5.19% | - | 5.46% |
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 | |
| Turkey | |
| Mexico | |
| United Arab Emirates | |
| Russia | |
| India | |
| Colombia | |
| Indonesia | |
| Peru | |
| Chile | |
| Argentina | |
| Ukraine | |
| Saudi Arabia | |
| Qatar | |
| Panama | |
| Israel | |
| Hong Kong | |
| Kazakhstan | |
| South Korea | |
| United States | |
| Thailand | |
| South Africa | |
| Kuwait | |
| Egypt | |
| Zambia | |
| Macau | |
| Oman | |
| Nigeria | |
| Singapore | |
| Vietnam | |
| Spain | |
| Morocco | |
| Netherlands | |
| Luxembourg | |
| Paraguay | |
| Angola | |
| Mongolia | |
| United Kingdom | |
| Guatemala | |
| Malaysia | |
| Costa Rica | |
| Portugal | |
| Australia | |
| Cash |
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 |
|---|---|
| Asia | |
| Latin America | |
| Europe | |
| Middle East/Africa | |
| North America |
Credit Quality Distribution as of 12/31/2019 View Portfolio
| Rating | Assets |
|---|---|
| AA | |
| A | |
| BBB | |
| <BBB | |
| Not Rated |
Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.
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Performance
Performance
Dividend Yield 1 as of 01/17/2020
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.12% | 3.63% |
| w/ sales charge | 4.03% | 3.55% |
30-Day Standardized Yield 2 as of 12/31/2019
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 3.32% | 2.82% |
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 | 13.56% | 13.56% | 5.90% | 5.67% | - | 5.85% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 13.21% | 13.21% | 5.81% | 4.84% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 13.09% | 13.09% | 6.29% | 5.93% | - | 5.77% |
| w/ sales charge | 11.00% | 11.00% | 5.09% | 5.19% | - | 5.46% |
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 | 13.56% | 13.56% | 5.90% | 5.67% | - | 5.85% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 13.21% | 13.21% | 5.81% | 4.84% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 13.09% | 13.09% | 6.29% | 5.93% | - | 5.77% |
| w/ sales charge | 11.00% | 11.00% | 5.09% | 5.19% | - | 5.46% |
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 |
|---|
| 2019 | 13.56% | 13.09% |
| 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 |
|---|
| 2020 | - | - | - | - | 1.12% |
| 2019 | 5.41% | 3.59% | 1.39% | 2.57% | 13.56% |
| 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 12/31/2019
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 12/31/2019
| Rating | Assets |
|---|---|
| AA | |
| A | |
| BBB | |
| <BBB | |
| Not Rated |
Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.
Portfolio Details as of 12/31/2019
- Total Net Assets
- $62.68 M
- Number of Issues
- 232
- Average Coupon
- 5.48%
- Average Life
- 8.54 Years
- Average Maturity
- 8.41 Years
- Average Modified Duration
- 5.15 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 | 1.1% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 1.1% |
| Turkiye Garanti Bankasi AS | 5.875% | 03/16/2023 | 1.1% |
| Akbank TAS | 5.000% | 10/24/2022 | 1.1% |
| China Evergrande Group | 10.000% | 04/11/2023 | 0.9% |
| Petrobras Global Finance BV | 5.093% | 01/15/2030 | 0.8% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 0.8% |
| Sberbank of Russia Via SB Capital S.A. | 5.250% | 05/23/2023 | 0.8% |
| MGM China Holdings Ltd | 5.875% | 05/15/2026 | 0.8% |
| BBVA Bancomer SA | 5.125% | 01/18/2033 | 0.7% |
| Holding | Coupon | Maturity | Assets |
|---|
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 1.1% |
| Turkiye Garanti Bankasi AS | 5.875% | 03/16/2023 | 1.1% |
| Akbank TAS | 5.000% | 10/24/2022 | 1.1% |
| YPF S.A. | 6.950% | 07/21/2027 | 1.0% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 0.8% |
| MGM China Holdings Ltd | 5.875% | 05/15/2026 | 0.8% |
| Petrobras Global Finance BV | 5.093% | 01/15/2030 | 0.8% |
| Abu Dhabi Crude Oil Pipeline LLC | 4.600% | 11/02/2047 | 0.8% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 0.8% |
| Saudi Arabian Oil Co | 4.375% | 04/16/2049 | 0.7% |
| Celeo Redes Operacion Chile SA | 5.200% | 06/22/2047 | 0.7% |
| Kernel Holding SA | 8.750% | 01/31/2022 | 0.7% |
| Bank of China Hong Kong Ltd | 5.900% | 09/14/2168 | 0.7% |
| Huarong Finance II Co Ltd | 4.625% | 06/03/2026 | 0.7% |
| Qtel International Finance Ltd. | 3.875% | 01/31/2028 | 0.7% |
| Woori Bank | 4.750% | 04/30/2024 | 0.7% |
| JBS Investments II GmbH | 5.750% | 01/15/2028 | 0.7% |
| CSN Resources SA | 7.625% | 02/13/2023 | 0.7% |
| NBM US Holdings Inc | 7.000% | 05/14/2026 | 0.7% |
| Tengizchevroil Finance Co International Ltd | 4.000% | 08/15/2026 | 0.7% |
| E.CL SA | 4.500% | 01/29/2025 | 0.7% |
| Egypt Government International Bond | 6.125% | 01/31/2022 | 0.7% |
| Adani Ports & Special Economic Zone Ltd | 4.375% | 07/03/2029 | 0.7% |
| Yingde Gases Investment Ltd | 6.250% | 01/19/2023 | 0.7% |
| Oztel Holdings SPC Ltd | 6.625% | 04/24/2028 | 0.7% |
| Banco do Brasil SA | 4.625% | 01/15/2025 | 0.7% |
| Alibaba Group Holding Ltd. | 3.600% | 11/28/2024 | 0.7% |
| Gas Natural de Lima y Callao S.A. | 4.375% | 04/01/2023 | 0.7% |
| Empresas Publicas de Medellin ESP | 4.250% | 07/18/2029 | 0.7% |
| CNOOC Finance (2015) U.S.A. LLC | 3.500% | 05/05/2025 | 0.7% |
| Adani Transmission Ltd | 4.000% | 08/03/2026 | 0.7% |
| Industrias Penoles SAB de CV | 5.650% | 09/12/2049 | 0.7% |
| MMC Norilsk Nickel OJSC via MMC Finance Ltd. | 4.100% | 04/11/2023 | 0.7% |
| Minerva Luxembourg SA | 5.875% | 01/19/2028 | 0.7% |
| Ronshine China Holdings Ltd | 8.750% | 10/25/2022 | 0.7% |
| Weibo Corp. | 3.500% | 07/05/2024 | 0.7% |
| Listrindo Capital BV | 4.950% | 09/14/2026 | 0.7% |
| Qtel International Finance Ltd. | 3.250% | 02/21/2023 | 0.7% |
| CNAC HK Finbridge Co Ltd | 3.500% | 07/19/2022 | 0.7% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 0.7% |
| Country Garden Holdings Co. Ltd. | 4.750% | 01/17/2023 | 0.7% |
| Eskom Holdings SOC Ltd. | 5.750% | 01/26/2021 | 0.7% |
| Banistmo SA | 3.650% | 09/19/2022 | 0.7% |
| BRF GmbH | 4.350% | 09/29/2026 | 0.7% |
| DP World Ltd. | 6.850% | 07/02/2037 | 0.7% |
| Banco do Brasil SA | 6.250% | 01/31/2163 | 0.7% |
| MHP Lux SA | 6.250% | 09/19/2029 | 0.6% |
| China Evergrande Group | 10.000% | 04/11/2023 | 0.6% |
| Kaisa Group Holdings Ltd. | 9.375% | 06/30/2024 | 0.6% |
| BBVA Bancomer SA | 4.375% | 04/10/2024 | 0.6% |
| Global Bank Corp. | 5.250% | 04/16/2029 | 0.6% |
| Theta Capital Pte Ltd. | 6.750% | 10/31/2026 | 0.6% |
| Ecopetrol S.A. | 5.875% | 05/28/2045 | 0.6% |
| NBK Tier 1 Financing 2 Ltd | 4.500% | 11/27/2169 | 0.5% |
| Turkiye Vakiflar Bankasi Tao | 6.875% | 02/03/2025 | 0.5% |
| Cemig Geracao e Transmissao SA | 9.250% | 12/05/2024 | 0.5% |
| GUSAP III LP | 4.250% | 01/21/2030 | 0.5% |
| Southern Copper Corp. | 5.875% | 04/23/2045 | 0.5% |
| Mong Duong Finance Holdings BV | 5.125% | 05/07/2029 | 0.5% |
| Bahia Sul Holdings GmbH | 7.000% | 03/16/2047 | 0.5% |
| AI Candelaria Spain SLU | 7.500% | 12/15/2028 | 0.5% |
| Embraer Netherlands Finance BV | 5.050% | 06/15/2025 | 0.5% |
| Israel Electric Corp. | 4.250% | 08/14/2028 | 0.5% |
| Kazakhstan Temir Zholy Finance BV | 6.950% | 07/10/2042 | 0.5% |
| Sberbank of Russia Via SB Capital S.A. | 5.250% | 05/23/2023 | 0.4% |
| OJSC Novolipetsk Steel via Steel Funding Ltd. | 4.000% | 09/21/2024 | 0.4% |
| Medco Platinum Road Pte Ltd | 6.750% | 01/30/2025 | 0.4% |
| Itau Unibanco Holding SA (Cayman Islands) | 4.500% | 11/21/2029 | 0.4% |
| OCP S.A. | 6.875% | 04/25/2044 | 0.4% |
| BBVA Bancomer SA | 5.125% | 01/18/2033 | 0.4% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 6.950% | 01/30/2168 | 0.4% |
| Qatar Government International Bond | 4.817% | 03/14/2049 | 0.4% |
| Teva Pharmaceutical Finance Netherlands III BV | 6.000% | 04/15/2024 | 0.4% |
| Aeropuerto Internacional de Tocumen SA | 6.000% | 11/18/2048 | 0.4% |
| Power Finance Corp Ltd | 6.150% | 12/06/2028 | 0.4% |
| Summer BidCo BV | 9.000% | 11/15/2025 | 0.4% |
| Arcos Dorados Holdings, Inc. | 5.875% | 04/04/2027 | 0.4% |
| America Movil SAB de CV | 4.375% | 04/22/2049 | 0.4% |
| Transportadora de Gas Internacional SA ESP | 5.550% | 11/01/2028 | 0.4% |
| Banco Internacional del Peru | 3.250% | 10/04/2026 | 0.4% |
| Abu Dhabi National Energy Co. | 4.875% | 04/23/2030 | 0.4% |
| Vedanta Resources plc | 6.125% | 08/09/2024 | 0.4% |
| Teva Pharmaceutical Finance Netherlands III BV | 2.800% | 07/21/2023 | 0.4% |
| Altice Luxembourg SA | 10.500% | 05/15/2027 | 0.4% |
| Hunt Oil Co of Peru LLC Sucursal Del Peru | 6.375% | 06/01/2028 | 0.4% |
| Emirates Semb Corp Water & Power Co PJSC | 4.450% | 08/01/2035 | 0.4% |
| Prosus NV | 4.850% | 07/06/2027 | 0.4% |
| JBS Investments II GmbH | 7.000% | 01/15/2026 | 0.4% |
| Export Credit Bank of Turkey | 8.250% | 01/24/2024 | 0.4% |
| Grupo de Inversiones Suramericana SA | 5.500% | 04/29/2026 | 0.4% |
| Lukoil International Finance BV | 4.750% | 11/02/2026 | 0.4% |
| Millicom International Cellular S.A. | 6.625% | 10/15/2026 | 0.4% |
| KazMunayGas National Co. | 4.750% | 04/19/2027 | 0.4% |
| Rumo Luxembourg Sarl | 7.375% | 02/09/2024 | 0.4% |
| Bank of China Ltd. | 5.000% | 11/13/2024 | 0.4% |
| China Cinda Finance 2017 I Ltd | 4.400% | 03/09/2027 | 0.4% |
| Bangkok Bank Public Co. Ltd. | 5.000% | 10/03/2023 | 0.4% |
| Trust F/1401 | 6.390% | 01/15/2050 | 0.4% |
| Sberbank of Russia Via SB Capital S.A. | 6.125% | 02/07/2022 | 0.4% |
| Acwa Power Management And Investments One Ltd | 5.950% | 12/15/2039 | 0.4% |
| Fresnillo plc | 5.500% | 11/13/2023 | 0.4% |
| SASOL Financing USA LLC | 5.875% | 03/27/2024 | 0.4% |
| Dolphin Energy Ltd. | 5.500% | 12/15/2021 | 0.4% |
| Republic of Indonesia | 4.125% | 01/15/2025 | 0.4% |
| Nigeria Government International Bond | 6.375% | 07/12/2023 | 0.4% |
| Latam Finance Ltd. | 7.000% | 03/01/2026 | 0.4% |
| Klabin Austria GmbH | 7.000% | 04/03/2049 | 0.4% |
| Delhi International Airport Pvt Ltd | 6.125% | 10/31/2026 | 0.4% |
| Korea Gas Corp. | 3.875% | 02/12/2024 | 0.4% |
| Telefonica Celular del Paraguay SA | 5.875% | 04/15/2027 | 0.4% |
| BBVA Banco Continental S.A. | 5.000% | 08/26/2022 | 0.4% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 7.750% | 04/28/2021 | 0.4% |
| CNAC HK Finbridge Co Ltd | 4.125% | 07/19/2027 | 0.4% |
| MAF Sukuk Ltd. | 4.500% | 11/03/2025 | 0.4% |
| SURA Asset Management SA | 4.375% | 04/11/2027 | 0.4% |
| Transportadora de Gas del Peru SA | 4.250% | 04/30/2028 | 0.4% |
| Banco Mercantil del Norte SA/Grand Cayman | 7.625% | 07/06/2167 | 0.4% |
| Turkiye Sise ve Cam Fabrikalari AS | 6.950% | 03/14/2026 | 0.4% |
| Banco de Bogota SA | 4.375% | 08/03/2027 | 0.4% |
| Aegea Finance Sarl | 5.750% | 10/10/2024 | 0.4% |
| Longfor Properties Co. Ltd. | 4.500% | 01/16/2028 | 0.4% |
| Tencent Holdings Ltd. | 3.800% | 02/11/2025 | 0.4% |
| VM Holding SA | 5.375% | 05/04/2027 | 0.4% |
| Emirates Telecommunications Corp. | 3.500% | 06/18/2024 | 0.4% |
| MHP S.A. | 7.750% | 05/10/2024 | 0.4% |
| Development Bank of Mongolia LLC | 7.250% | 10/23/2023 | 0.4% |
| GNL Quintero SA | 4.634% | 07/31/2029 | 0.4% |
| HT Global IT Solutions Holdings Ltd | 7.000% | 07/14/2021 | 0.4% |
| SABIC Capital II BV | 4.000% | 10/10/2023 | 0.4% |
| TBC Bank JSC | 5.750% | 06/19/2024 | 0.4% |
| Swire Properties MTN Financing Ltd. | 3.625% | 01/13/2026 | 0.4% |
| China Cinda Finance 2017 I Ltd | 4.100% | 03/09/2024 | 0.4% |
| Sunac China Holdings Ltd | 7.875% | 02/15/2022 | 0.4% |
| ADCB Finance Cayman Ltd. | 4.000% | 03/29/2023 | 0.4% |
| Sunac China Holdings Ltd | 8.625% | 07/27/2020 | 0.4% |
| Cosan Ltd | 5.500% | 09/20/2029 | 0.4% |
| Nemak S.A.B. de C.V. | 4.750% | 01/23/2025 | 0.4% |
| China Railway Resources Huitung Ltd. | 3.850% | 02/05/2023 | 0.4% |
| CK Hutchison International 17 Ltd | 3.500% | 04/05/2027 | 0.4% |
| Minejesa Capital BV | 4.625% | 08/10/2030 | 0.4% |
| SK Telecom Co. Ltd. | 3.750% | 04/16/2023 | 0.4% |
| Shimao Property Holdings Ltd. | 4.750% | 07/03/2022 | 0.4% |
| Greenko Mauritius Ltd | 6.250% | 02/21/2023 | 0.4% |
| MHP Lux SA | 6.950% | 04/03/2026 | 0.4% |
| Banco Votorantim S.A. | 4.500% | 09/24/2024 | 0.3% |
| Grupo KUO SAB De CV | 5.750% | 07/07/2027 | 0.3% |
| Kaisa Group Holdings Ltd. | 11.250% | 04/09/2022 | 0.3% |
| Abu Dhabi National Energy Co. | 4.000% | 10/03/2049 | 0.3% |
| Marble II Pte Ltd. | 5.300% | 06/20/2022 | 0.3% |
| CSN Resources SA | 7.625% | 04/17/2026 | 0.3% |
| Rede D'or Finance Sarl | 4.950% | 01/17/2028 | 0.3% |
| Phosagro OAO via Phosagro Bond Funding Ltd | 3.949% | 04/24/2023 | 0.3% |
| Huarong Finance 2017 Co Ltd | 4.500% | 01/24/2167 | 0.3% |
| Metropolitan Light Co Ltd | 5.500% | 11/21/2022 | 0.3% |
| KOC Holding AS | 5.250% | 03/15/2023 | 0.3% |
| MDC-GMTN BV | 3.700% | 11/07/2049 | 0.3% |
| Bharti Airtel Ltd | 4.375% | 06/10/2025 | 0.3% |
| Cable Onda SA | 4.500% | 01/30/2030 | 0.3% |
| Banco de Credito e Inversiones | 3.500% | 10/12/2027 | 0.3% |
| Cemex, S.A.B. de C.V. | 5.450% | 11/19/2029 | 0.3% |
| MCE Finance Ltd. | 5.375% | 12/04/2029 | 0.3% |
| NBK SPC Ltd. | 2.750% | 05/30/2022 | 0.3% |
| Energuate Trust | 5.875% | 05/03/2027 | 0.3% |
| Chinalco Capital Holdings Ltd | 4.000% | 08/25/2021 | 0.3% |
| Mexichem SAB de CV | 5.500% | 01/15/2048 | 0.3% |
| Bangkok Bank Public Co. Ltd. | 3.733% | 09/25/2034 | 0.3% |
| Saka Energi Indonesia PT | 4.450% | 05/05/2024 | 0.3% |
| Theta Capital Pte Ltd. | 7.000% | 04/11/2022 | 0.3% |
| DP World Ltd. | 4.700% | 09/30/2049 | 0.3% |
| Equate Petrochemical BV | 3.000% | 03/03/2022 | 0.3% |
| Egypt Government International Bond | 4.550% | 11/20/2023 | 0.3% |
| Tullow Oil plc | 7.000% | 03/01/2025 | 0.3% |
| BRF SA | 4.875% | 01/24/2030 | 0.3% |
| Turkiye Sise ve Cam Fabrikalari AS | 4.250% | 05/09/2020 | 0.3% |
| Greenko Investment Co | 4.875% | 08/16/2023 | 0.3% |
| Intercorp Peru Ltd | 3.875% | 08/15/2029 | 0.3% |
| First Quantum Minerals Ltd. | 7.250% | 05/15/2022 | 0.3% |
| MDC-GMTN BV | 2.875% | 11/07/2029 | 0.3% |
| Finansbank A.S. | 4.875% | 05/19/2022 | 0.3% |
| Angolan Government International Bond | 9.125% | 11/26/2049 | 0.3% |
| Nigeria Government International Bond | 6.500% | 11/28/2027 | 0.3% |
| First Quantum Minerals Ltd. | 7.500% | 04/01/2025 | 0.3% |
| Pampa Energia SA | 9.125% | 04/15/2029 | 0.3% |
| Cencosud SA | 4.375% | 07/17/2027 | 0.3% |
| Minera Mexico SA de CV | 4.500% | 01/26/2050 | 0.3% |
| PTTEP Treasury Center Co Ltd | 3.903% | 12/06/2059 | 0.3% |
| BOC Aviation Ltd | 3.000% | 09/11/2029 | 0.3% |
| Vedanta Resources Finance II PLC | 9.250% | 04/23/2026 | 0.3% |
| Tecpetrol SA | 4.875% | 12/12/2022 | 0.3% |
| Teva Pharmaceutical Finance Co. B.V. | 3.650% | 11/10/2021 | 0.3% |
| Press Metal Labuan Ltd | 4.800% | 10/30/2022 | 0.3% |
| Turkiye Vakiflar Bankasi Tao | 6.000% | 11/01/2022 | 0.3% |
| Abu Dhabi Government International Bond | 3.125% | 09/30/2049 | 0.3% |
| Thaioil Treasury Center Co Ltd | 3.500% | 10/17/2049 | 0.3% |
| Tupras Turkiye Petrol Rafine | 4.500% | 10/18/2024 | 0.3% |
| Infraestructura Energetica Nova SAB de CV | 4.875% | 01/14/2048 | 0.3% |
| Indika Energy Capital III Pte Ltd | 5.875% | 11/09/2024 | 0.3% |
| Autopistas del Sol SA/Costa Rica | 7.375% | 12/30/2030 | 0.3% |
| Terraform Global Operating LLC | 6.125% | 03/01/2026 | 0.3% |
| Nakilat, Inc. | 6.267% | 12/31/2033 | 0.3% |
| GMR Hyderabad International Airport Ltd | 4.250% | 10/27/2027 | 0.3% |
| Arcor | 6.000% | 07/06/2023 | 0.3% |
| AngloGold Ashanti Holdings plc | 6.500% | 04/15/2040 | 0.3% |
| Grupo Televisa SAB | 6.625% | 01/15/2040 | 0.3% |
| BanColombia SA | 5.950% | 06/03/2021 | 0.3% |
| Pampa Energia SA | 7.500% | 01/24/2027 | 0.3% |
| Petrobras Global Finance BV | 6.900% | 03/19/2049 | 0.3% |
| Teva Pharmaceutical Finance Netherlands III BV | 3.150% | 10/01/2026 | 0.2% |
| First Quantum Minerals Ltd. | 7.000% | 02/15/2021 | 0.2% |
| YPF Energia Electrica SA | 10.000% | 07/25/2026 | 0.2% |
| TAP-Transportes Aereos Portugueses SGPS SA | 5.625% | 12/02/2024 | 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% |
| IRSA Propiedades Comerciales SA | 8.750% | 03/23/2023 | 0.1% |
| Barminco Finance Pty Ltd. | 6.625% | 05/15/2022 | 0.1% |
| Petroleos Mexicanos | 6.490% | 01/23/2027 | 0.1% |
| Egypt Treasury Bills | 0.000% | 03/24/2020 | 0.1% |
| Telecom Argentina SA | 8.000% | 07/18/2026 | 0.1% |
| Vedanta Ltd | 0.000% | - | 0.0% |
| Credit Default Swap | 1.000% | 06/20/2020 | 0.0% |
| FX USD/EUR 12/19 | 0.000% | 12/09/2019 | 0.0% |
| FX USD/EUR 02/20 | 0.000% | 02/14/2020 | 0.0% |
| FX USD/EUR 02/20 | 0.000% | 02/14/2020 | 0.0% |
| US 10YR NOTE (CBT)MAR20 | 0.000% | 03/31/2020 | 0.0% |
| US 5YR NOTE (CBT) MAR20 | 0.000% | 04/03/2020 | 0.0% |
| US 10YR ULTRA FUT MAR20 | 0.000% | 03/31/2020 | 0.0% |
| US 2YR NOTE (CBT) MAR20 | 0.000% | 04/03/2020 | 0.0% |
| US LONG BOND(CBT) MAR20 | 0.000% | 03/31/2020 | 0.0% |
| US ULTRA BOND CBT MAR20 | 0.000% | 03/31/2020 | 0.0% |
| Credit Index Swap | 1.000% | 12/20/2024 | 0.0% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 01/17/2020
- $0
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 12/31/2019 | $0.05388 | $15.54 |
| Daily | Daily | 11/30/2019 | $0.05372 | $15.35 |
| Daily | Daily | 10/31/2019 | $0.05362 | $15.37 |
| 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 | 01/31/2020 |
| Daily | Daily | 02/29/2020 |
| Daily | Daily | 03/31/2020 |
| Daily | Daily | 04/30/2020 |
| Daily | Daily | 05/31/2020 |
| Daily | Daily | 06/30/2020 |
| Daily | Daily | 07/31/2020 |
| Daily | Daily | 08/31/2020 |
| Daily | Daily | 09/30/2020 |
| Daily | Daily | 10/31/2020 |
| Daily | Daily | 11/30/2020 |
| Daily | Daily | 12/31/2020 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 07/30/2018 | 07/31/2018 | - | $0.0292 | $0.0292 | $14.77 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Upcoming Capital Gain Distribution
This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.
| Record Date | Ex-Dividend Date |
|---|---|
| 07/30/2020 | 07/31/2020 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 01/17/2020
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $16.04 |
| $100,000 to $249,999 | 1.75% | 1.50% | $15.96 |
| $250,000 to $499,999 | 1.25% | 1.00% | $15.88 |
| $500,000 to $999,999 | 0.00% | 1.00% | $15.68 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $15.68 |
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 12/31/2019
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 04/30/2020. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Summary Prospectus
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
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Annual Report
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Semi-Annual Report
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Fact Sheet
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Commentary
Publish Date:11/03/2015
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Flyer
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Capital Markets Presentation
Publish Date:11/03/2015
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