Emerging Markets Corporate Debt Fund
Daily price w/o sales charge as of 12/09/2019
$15.37
$0.00
YTD Returns w/o sales charge as of 12/09/2019
12.04%
Overall Morningstar RatingsEmerging Markets Bond
as of 11/30/2019
Morningstar rated the Lord Abbett Emerging Markets Corporate Debt Fund class A share 3 and 4 stars among 238 and 177 Emerging Markets Bond Funds for the overall rating and the 3 and 5 year periods ended 11/30/2019, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
The Fund seeks to deliver current income and long term growth of capital by investing primarily in emerging markets corporate debt securities.
Yield
Dividend Yield 1 as of 12/09/2019
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.19% | 3.70% |
| w/ sales charge | 4.10% | 3.62% |
30-Day Standardized Yield 2 as of 11/30/2019
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 3.46% | 2.97% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 11/30/2019
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 04/30/2020. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Basicsas of 10/31/2019
- Total Net Assets
- $56.05 M
- Inception Date
- 12/31/2013
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 220
- 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 | 11.78% | 12.62% | 5.63% | 4.93% | - | 5.66% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 10.66% | 11.74% | 5.51% | 3.64% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 12.00% | 12.80% | 6.22% | 5.31% | - | 5.68% |
| w/ sales charge | 9.26% | 10.07% | 4.82% | 4.46% | - | 5.26% |
Fund Expense Ratio :
Gross 1.54%
Net 1.05%
Fund Expense Ratio :
Gross 1.54%
Net 1.05%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2013 |
|---|
| w/o sales charge | 10.72% | 9.93% | 4.33% | 4.90% | - | 5.65% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 9.96% | 8.79% | 3.71% | 3.38% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 10.64% | 10.59% | 5.05% | 5.21% | - | 5.62% |
| w/ sales charge | 8.22% | 7.42% | 3.53% | 4.42% | - | 5.24% |
Fund Expense Ratio :
Gross 1.54%
Net 1.05%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
| Country | Assets |
|---|---|
| China | |
| Brazil | |
| Mexico | |
| Turkey | |
| UAE | |
| India | |
| Russia | |
| Colombia | |
| Indonesia | |
| Peru | |
| Chile | |
| Argentina | |
| Saudi Arabia | |
| Panama | |
| Qatar | |
| Ukraine | |
| Israel | |
| Kazakhstan | |
| Hong Kong | |
| South Korea | |
| United States | |
| South Africa | |
| Thailand | |
| Zambia | |
| Macau | |
| Egypt | |
| Nigeria | |
| Oman | |
| Kuwait | |
| Singapore | |
| Vietnam | |
| Spain | |
| Morocco | |
| Netherlands | |
| Luxembourg | |
| Paraguay | |
| Georgia | |
| United Kingdom | |
| Mongolia | |
| Ghana | |
| Guatemala | |
| Malaysia | |
| Costa Rica | |
| Australia |
Region classifications of countries are defined by Lord Abbett and may not be consistent with the MSCI region definitions. Country classifications of securities held within the universe of MSCI indexes are defined by MSCI. Country classifications of securities held by the portfolio only, and not included within the universe of MSCI indexes, are defined by Lord Abbett.
| Region | Assets |
|---|---|
| Latin America | |
| Asia | |
| Middle East/Africa | |
| Europe | |
| North America |
Credit Quality Distribution as of 10/31/2019 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 12/09/2019
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 4.19% | 3.70% |
| w/ sales charge | 4.10% | 3.62% |
30-Day Standardized Yield 2 as of 11/30/2019
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 3.46% | 2.97% |
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 | 11.78% | 12.62% | 5.63% | 4.93% | - | 5.66% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 10.66% | 11.74% | 5.51% | 3.64% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 12.00% | 12.80% | 6.22% | 5.31% | - | 5.68% |
| w/ sales charge | 9.26% | 10.07% | 4.82% | 4.46% | - | 5.26% |
Fund Expense Ratio :
Gross 1.54%
Net 1.05%
Fund Expense Ratio :
Gross 1.54%
Net 1.05%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2013 |
|---|
| w/o sales charge | 10.72% | 9.93% | 4.33% | 4.90% | - | 5.65% |
| Lipper Category Avg. Emerging Mrkts Hard Currency Debt Funds | 9.96% | 8.79% | 3.71% | 3.38% | - | - |
| J.P. Morgan CEMBI Broad Diversified Index | 10.64% | 10.59% | 5.05% | 5.21% | - | 5.62% |
| w/ sales charge | 8.22% | 7.42% | 3.53% | 4.42% | - | 5.24% |
Fund Expense Ratio :
Gross 1.54%
Net 1.05%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
| Year | Fund Returns | J.P. Morgan CEMBI Broad Diversified Index |
|---|
| 2018 | -3.65% | -1.65% |
| 2017 | 8.54% | 7.96% |
| 2016 | 9.03% | 9.65% |
| 2015 | 1.77% | 1.30% |
| 2014 | 6.76% | 4.96% |
| 2013 | 0.01% | -0.60% |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2019 | 5.41% | 3.59% | 1.39% | - | 12.04% |
| 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 11/30/2019
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 10/31/2019
| 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 10/31/2019
- Total Net Assets
- $56.05 M
- Number of Issues
- 220
- Average Coupon
- 5.46%
- Average Life
- 8.85 Years
- Average Maturity
- 8.70 Years
- Average Modified Duration
- 5.06 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 |
|---|
| Turkiye Garanti Bankasi AS | 5.875% | 03/16/2023 | 1.2% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 1.2% |
| Akbank TAS | 5.000% | 10/24/2022 | 1.2% |
| YPF S.A. | 6.950% | 07/21/2027 | 1.0% |
| MGM China Holdings Ltd | 5.875% | 05/15/2026 | 0.9% |
| Petrobras Global Finance BV | 5.093% | 01/15/2030 | 0.9% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 0.9% |
| Abu Dhabi Crude Oil Pipeline LLC | 4.600% | 11/02/2047 | 0.8% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 0.8% |
| Celeo Redes Operacion Chile SA | 5.200% | 06/22/2047 | 0.8% |
| Holding | Coupon | Maturity | Assets |
|---|
| Turkiye Garanti Bankasi AS | 5.875% | 03/16/2023 | 1.2% |
| Gazprom OAO Via Gaz Capital SA | 4.950% | 02/06/2028 | 1.2% |
| Akbank TAS | 5.000% | 10/24/2022 | 1.2% |
| YPF S.A. | 6.950% | 07/21/2027 | 1.0% |
| MGM China Holdings Ltd | 5.875% | 05/15/2026 | 0.9% |
| Petrobras Global Finance BV | 5.093% | 01/15/2030 | 0.9% |
| Saudi Electricity Global Sukuk Co. 3 | 5.500% | 04/08/2044 | 0.9% |
| Abu Dhabi Crude Oil Pipeline LLC | 4.600% | 11/02/2047 | 0.8% |
| Ecopetrol S.A. | 4.125% | 01/16/2025 | 0.8% |
| Celeo Redes Operacion Chile SA | 5.200% | 06/22/2047 | 0.8% |
| Saudi Arabian Oil Co | 4.375% | 04/16/2049 | 0.8% |
| Kernel Holding SA | 8.750% | 01/31/2022 | 0.8% |
| Bank of China Hong Kong Ltd | 5.900% | 09/14/2168 | 0.8% |
| Huarong Finance II Co Ltd | 4.625% | 06/03/2026 | 0.8% |
| E.CL SA | 4.500% | 01/29/2025 | 0.8% |
| Woori Bank | 4.750% | 04/30/2024 | 0.8% |
| Alibaba Group Holding Ltd. | 3.600% | 11/28/2024 | 0.8% |
| Empresas Publicas de Medellin ESP | 4.250% | 07/18/2029 | 0.8% |
| CNOOC Finance (2015) U.S.A. LLC | 3.500% | 05/05/2025 | 0.8% |
| Banco do Brasil SA | 4.625% | 01/15/2025 | 0.8% |
| Tengizchevroil Finance Co International Ltd | 4.000% | 08/15/2026 | 0.8% |
| Adani Ports & Special Economic Zone Ltd | 4.375% | 07/03/2029 | 0.8% |
| JBS Investments II GmbH | 5.750% | 01/15/2028 | 0.8% |
| CSN Resources SA | 7.625% | 02/13/2023 | 0.8% |
| Egypt Government International Bond | 6.125% | 01/31/2022 | 0.8% |
| Yingde Gases Investment Ltd | 6.250% | 01/19/2023 | 0.8% |
| Gas Natural de Lima y Callao S.A. | 4.375% | 04/01/2023 | 0.7% |
| Petrobras Global Finance BV | 7.250% | 03/17/2044 | 0.7% |
| Industrias Penoles SAB de CV | 5.650% | 09/12/2049 | 0.7% |
| Minerva Luxembourg SA | 5.875% | 01/19/2028 | 0.7% |
| Adani Transmission Ltd | 4.000% | 08/03/2026 | 0.7% |
| MMC Norilsk Nickel OJSC via MMC Finance Ltd. | 4.100% | 04/11/2023 | 0.7% |
| Oztel Holdings SPC Ltd | 6.625% | 04/24/2028 | 0.7% |
| Weibo Corp. | 3.500% | 07/05/2024 | 0.7% |
| CNAC HK Finbridge Co Ltd | 3.500% | 07/19/2022 | 0.7% |
| Qtel International Finance Ltd. | 3.250% | 02/21/2023 | 0.7% |
| Eskom Holdings SOC Ltd. | 5.750% | 01/26/2021 | 0.7% |
| Listrindo Capital BV | 4.950% | 09/14/2026 | 0.7% |
| Country Garden Holdings Co. Ltd. | 4.750% | 01/17/2023 | 0.7% |
| Banistmo SA | 3.650% | 09/19/2022 | 0.7% |
| DP World Ltd. | 6.850% | 07/02/2037 | 0.7% |
| BRF GmbH | 4.350% | 09/29/2026 | 0.7% |
| Banco do Brasil SA | 6.250% | 01/31/2163 | 0.7% |
| BBVA Bancomer SA | 4.375% | 04/10/2024 | 0.7% |
| Kaisa Group Holdings Ltd. | 9.375% | 06/30/2024 | 0.7% |
| Global Bank Corp. | 5.250% | 04/16/2029 | 0.7% |
| Theta Capital Pte Ltd. | 6.750% | 10/31/2026 | 0.6% |
| Ecopetrol S.A. | 5.875% | 05/28/2045 | 0.6% |
| Cemig Geracao e Transmissao SA | 9.250% | 12/05/2024 | 0.5% |
| Mong Duong Finance Holdings BV | 5.125% | 05/07/2029 | 0.5% |
| Turkiye Vakiflar Bankasi Tao | 6.875% | 02/03/2025 | 0.5% |
| Bahia Sul Holdings GmbH | 7.000% | 03/16/2047 | 0.5% |
| Southern Copper Corp. | 5.875% | 04/23/2045 | 0.5% |
| AI Candelaria Spain SLU | 7.500% | 12/15/2028 | 0.5% |
| Embraer Netherlands Finance BV | 5.050% | 06/15/2025 | 0.5% |
| Kazakhstan Temir Zholy Finance BV | 6.950% | 07/10/2042 | 0.5% |
| Israel Electric Corp. | 4.250% | 08/14/2028 | 0.5% |
| Sberbank of Russia Via SB Capital S.A. | 5.250% | 05/23/2023 | 0.5% |
| OJSC Novolipetsk Steel via Steel Funding Ltd. | 4.000% | 09/21/2024 | 0.5% |
| Medco Platinum Road Pte Ltd | 6.750% | 01/30/2025 | 0.5% |
| Aeropuerto Internacional de Tocumen SA | 6.000% | 11/18/2048 | 0.5% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 6.950% | 01/30/2168 | 0.4% |
| OCP S.A. | 6.875% | 04/25/2044 | 0.4% |
| BBVA Bancomer SA | 5.125% | 01/18/2033 | 0.4% |
| Qatar Government International Bond | 4.817% | 03/14/2049 | 0.4% |
| Summer BidCo BV | 9.000% | 11/15/2025 | 0.4% |
| Power Finance Corp Ltd | 6.150% | 12/06/2028 | 0.4% |
| Transportadora de Gas Internacional SA ESP | 5.550% | 11/01/2028 | 0.4% |
| Altice Luxembourg SA | 10.500% | 05/15/2027 | 0.4% |
| Vedanta Resources plc | 6.125% | 08/09/2024 | 0.4% |
| Teva Pharmaceutical Finance Netherlands III BV | 6.000% | 04/15/2024 | 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% |
| Banco Internacional del Peru | 3.250% | 10/04/2026 | 0.4% |
| Abu Dhabi National Energy Co. | 4.875% | 04/23/2030 | 0.4% |
| Hunt Oil Co of Peru LLC Sucursal Del Peru | 6.375% | 06/01/2028 | 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% |
| Fresnillo plc | 5.500% | 11/13/2023 | 0.4% |
| Prosus NV | 4.850% | 07/06/2027 | 0.4% |
| Bank of China Ltd. | 5.000% | 11/13/2024 | 0.4% |
| Emirates Semb Corp Water & Power Co PJSC | 4.450% | 08/01/2035 | 0.4% |
| Acwa Power Management And Investments One Ltd | 5.950% | 12/15/2039 | 0.4% |
| JBS Investments II GmbH | 7.000% | 01/15/2026 | 0.4% |
| MHP S.A. | 7.750% | 05/10/2024 | 0.4% |
| Rumo Luxembourg Sarl | 7.375% | 02/09/2024 | 0.4% |
| NBM US Holdings Inc | 7.000% | 05/14/2026 | 0.4% |
| Bangkok Bank Public Co. Ltd. | 5.000% | 10/03/2023 | 0.4% |
| KazMunayGas National Co. | 4.750% | 04/19/2027 | 0.4% |
| Teva Pharmaceutical Finance Netherlands III BV | 2.800% | 07/21/2023 | 0.4% |
| Export Credit Bank of Turkey | 8.250% | 01/24/2024 | 0.4% |
| Trust F/1401 | 6.390% | 01/15/2050 | 0.4% |
| Latam Finance Ltd. | 7.000% | 03/01/2026 | 0.4% |
| VM Holding SA | 5.375% | 05/04/2027 | 0.4% |
| Millicom International Cellular S.A. | 6.625% | 10/15/2026 | 0.4% |
| Sberbank of Russia Via SB Capital S.A. | 6.125% | 02/07/2022 | 0.4% |
| China Cinda Finance 2017 I Ltd | 4.400% | 03/09/2027 | 0.4% |
| Klabin Austria GmbH | 7.000% | 04/03/2049 | 0.4% |
| SASOL Financing USA LLC | 5.875% | 03/27/2024 | 0.4% |
| Dolphin Energy Ltd. | 5.500% | 12/15/2021 | 0.4% |
| Telefonica Celular del Paraguay SA | 5.875% | 04/15/2027 | 0.4% |
| Qtel International Finance Ltd. | 3.875% | 01/31/2028 | 0.4% |
| Republic of Indonesia | 4.125% | 01/15/2025 | 0.4% |
| MAF Sukuk Ltd. | 4.500% | 11/03/2025 | 0.4% |
| Korea Gas Corp. | 3.875% | 02/12/2024 | 0.4% |
| Banco de Bogota SA | 4.375% | 08/03/2027 | 0.4% |
| BBVA Banco Continental S.A. | 5.000% | 08/26/2022 | 0.4% |
| Nigeria Government International Bond | 6.375% | 07/12/2023 | 0.4% |
| GNL Quintero SA | 4.634% | 07/31/2029 | 0.4% |
| Delhi International Airport Pvt Ltd | 6.125% | 10/31/2026 | 0.4% |
| Alfa Bank OJSC Via Alfa Bond Issuance plc | 7.750% | 04/28/2021 | 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% |
| Tencent Holdings Ltd. | 3.800% | 02/11/2025 | 0.4% |
| CNAC HK Finbridge Co Ltd | 4.125% | 07/19/2027 | 0.4% |
| Metropolitan Light Co Ltd | 5.500% | 11/21/2022 | 0.4% |
| Emirates Telecommunications Corp. | 3.500% | 06/18/2024 | 0.4% |
| Aegea Finance Sarl | 5.750% | 10/10/2024 | 0.4% |
| SABIC Capital II BV | 4.000% | 10/10/2023 | 0.4% |
| TBC Bank JSC | 5.750% | 06/19/2024 | 0.4% |
| Cosan Ltd | 5.500% | 09/20/2029 | 0.4% |
| Banco Mercantil del Norte SA/Grand Cayman | 7.625% | 07/06/2167 | 0.4% |
| Swire Properties MTN Financing Ltd. | 3.625% | 01/13/2026 | 0.4% |
| HT Global IT Solutions Holdings Ltd | 7.000% | 07/14/2021 | 0.4% |
| Turkiye Sise ve Cam Fabrikalari AS | 6.950% | 03/14/2026 | 0.4% |
| China Cinda Finance 2017 I Ltd | 4.100% | 03/09/2024 | 0.4% |
| CK Hutchison International 17 Ltd | 3.500% | 04/05/2027 | 0.4% |
| Longfor Properties Co. Ltd. | 4.500% | 01/16/2028 | 0.4% |
| Development Bank of Mongolia LLC | 7.250% | 10/23/2023 | 0.4% |
| ADCB Finance Cayman Ltd. | 4.000% | 03/29/2023 | 0.4% |
| Grupo KUO SAB De CV | 5.750% | 07/07/2027 | 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% |
| Minejesa Capital BV | 4.625% | 08/10/2030 | 0.4% |
| Tullow Oil plc | 7.000% | 03/01/2025 | 0.4% |
| Sunac China Holdings Ltd | 8.625% | 07/27/2020 | 0.4% |
| SK Telecom Co. Ltd. | 3.750% | 04/16/2023 | 0.4% |
| Banco de Credito e Inversiones | 3.500% | 10/12/2027 | 0.4% |
| Shimao Property Holdings Ltd. | 4.750% | 07/03/2022 | 0.4% |
| Sunac China Holdings Ltd | 7.875% | 02/15/2022 | 0.4% |
| First Quantum Minerals Ltd. | 7.250% | 05/15/2022 | 0.4% |
| MHP Lux SA | 6.950% | 04/03/2026 | 0.4% |
| Banco Votorantim S.A. | 4.500% | 09/24/2024 | 0.4% |
| Energuate Trust | 5.875% | 05/03/2027 | 0.4% |
| Saka Energi Indonesia PT | 4.450% | 05/05/2024 | 0.4% |
| Marble II Pte Ltd. | 5.300% | 06/20/2022 | 0.4% |
| Nigeria Government International Bond | 6.500% | 11/28/2027 | 0.4% |
| Mexichem SAB de CV | 5.500% | 01/15/2048 | 0.4% |
| Cencosud SA | 4.375% | 07/17/2027 | 0.4% |
| Phosagro OAO via Phosagro Bond Funding Ltd | 3.949% | 04/24/2023 | 0.4% |
| Huarong Finance 2017 Co Ltd | 4.500% | 01/24/2167 | 0.4% |
| Rede D'or Finance Sarl | 4.950% | 01/17/2028 | 0.4% |
| Greenko Mauritius Ltd | 6.250% | 02/21/2023 | 0.4% |
| Ronshine China Holdings Ltd | 8.750% | 10/25/2022 | 0.4% |
| Turkiye Sise ve Cam Fabrikalari AS | 4.250% | 05/09/2020 | 0.4% |
| Pampa Energia SA | 9.125% | 04/15/2029 | 0.4% |
| Bharti Airtel Ltd | 4.375% | 06/10/2025 | 0.4% |
| Finansbank A.S. | 4.875% | 05/19/2022 | 0.4% |
| NBK SPC Ltd. | 2.750% | 05/30/2022 | 0.4% |
| Abu Dhabi National Energy Co. | 4.000% | 10/03/2049 | 0.4% |
| Bangkok Bank Public Co. Ltd. | 3.733% | 09/25/2034 | 0.4% |
| CSN Resources SA | 7.625% | 04/17/2026 | 0.4% |
| KOC Holding AS | 5.250% | 03/15/2023 | 0.4% |
| Intercorp Peru Ltd | 3.875% | 08/15/2029 | 0.4% |
| Chinalco Capital Holdings Ltd | 4.000% | 08/25/2021 | 0.4% |
| Cable Onda SA | 4.500% | 01/30/2030 | 0.4% |
| First Quantum Minerals Ltd. | 7.500% | 04/01/2025 | 0.4% |
| Theta Capital Pte Ltd. | 7.000% | 04/11/2022 | 0.4% |
| Vedanta Resources Finance II PLC | 9.250% | 04/23/2026 | 0.4% |
| Equate Petrochemical BV | 3.000% | 03/03/2022 | 0.4% |
| MDC-GMTN BV | 3.700% | 11/07/2049 | 0.4% |
| DP World Ltd. | 4.700% | 09/30/2049 | 0.4% |
| BRF SA | 4.875% | 01/24/2030 | 0.4% |
| Indika Energy Capital III Pte Ltd | 5.875% | 11/09/2024 | 0.4% |
| Greenko Investment Co | 4.875% | 08/16/2023 | 0.4% |
| Turkiye Vakiflar Bankasi Tao | 6.000% | 11/01/2022 | 0.4% |
| Thaioil Treasury Center Co Ltd | 3.500% | 10/17/2049 | 0.4% |
| BOC Aviation Ltd | 3.000% | 09/11/2029 | 0.4% |
| Minera Mexico SA de CV | 4.500% | 01/26/2050 | 0.4% |
| Teva Pharmaceutical Finance Co. B.V. | 3.650% | 11/10/2021 | 0.4% |
| Press Metal Labuan Ltd | 4.800% | 10/30/2022 | 0.3% |
| Infraestructura Energetica Nova SAB de CV | 4.875% | 01/14/2048 | 0.3% |
| MHP Lux SA | 6.250% | 09/19/2029 | 0.3% |
| Abu Dhabi Government International Bond | 3.125% | 09/30/2049 | 0.3% |
| Tupras Turkiye Petrol Rafine | 4.500% | 10/18/2024 | 0.3% |
| Autopistas del Sol SA/Costa Rica | 7.375% | 12/30/2030 | 0.3% |
| Nakilat, Inc. | 6.267% | 12/31/2033 | 0.3% |
| Tecpetrol SA | 4.875% | 12/12/2022 | 0.3% |
| GMR Hyderabad International Airport Ltd | 4.250% | 10/27/2027 | 0.3% |
| China Evergrande Group | 10.000% | 04/11/2023 | 0.3% |
| Terraform Global Operating LLC | 6.125% | 03/01/2026 | 0.3% |
| Eterna Capital Pte Ltd | 8.000% | 12/11/2022 | 0.3% |
| AngloGold Ashanti Holdings plc | 6.500% | 04/15/2040 | 0.3% |
| Arcor | 6.000% | 07/06/2023 | 0.3% |
| Grupo Televisa SAB | 6.625% | 01/15/2040 | 0.3% |
| Pampa Energia SA | 7.500% | 01/24/2027 | 0.3% |
| BanColombia SA | 5.950% | 06/03/2021 | 0.3% |
| Petrobras Global Finance BV | 6.900% | 03/19/2049 | 0.3% |
| First Quantum Minerals Ltd. | 7.000% | 02/15/2021 | 0.2% |
| Teva Pharmaceutical Finance Netherlands III BV | 3.150% | 10/01/2026 | 0.2% |
| YPF Energia Electrica SA | 10.000% | 07/25/2026 | 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% |
| FX USD/EUR 11/19 | 0.000% | 11/14/2019 | 0.0% |
| Credit Index Swap | 1.000% | 12/20/2024 | 0.0% |
| Credit Default Swap | 1.000% | 06/20/2020 | 0.0% |
| US 10YR NOTE (CBT)DEC19 | 0.000% | 12/31/2019 | 0.0% |
| US 5YR NOTE (CBT) DEC19 | 0.000% | 01/06/2020 | 0.0% |
| US LONG BOND(CBD) DEC19 | 0.000% | 12/31/2019 | 0.0% |
| US 10YR ULTRA FUT DEC19 | 0.000% | 12/31/2019 | 0.0% |
| US 2YR NOTE (CBT) DEC19 | 0.000% | 01/06/2020 | 0.0% |
| US ULTRA BOND CBT DEC19 | 0.000% | 12/31/2019 | 0.0% |
| FX USD/EUR 12/19 | 0.000% | 12/09/2019 | 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 12/09/2019
- $0.623
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 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 | 12/31/2019 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 07/30/2018 | 07/31/2018 | - | $0.0292 | $0.0292 | $14.77 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Upcoming Capital Gain Distribution
This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.
| Record Date | Ex-Dividend Date |
|---|---|
| 12/17/2019 | 12/18/2019 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 12/09/2019
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $15.72 |
| $100,000 to $249,999 | 1.75% | 1.50% | $15.64 |
| $250,000 to $499,999 | 1.25% | 1.00% | $15.56 |
| $500,000 to $999,999 | 0.00% | 1.00% | $15.37 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $15.37 |
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 11/30/2019
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 04/30/2020. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Summary Prospectus
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
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Annual Report
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Semi-Annual Report
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Fact Sheet
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Commentary
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Flyer
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Capital Markets Presentation
Publish Date:11/03/2015
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