Image alt tag

Error!

X

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

X

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

X

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

A verification Email Has Been Sent

Close

An email verification email has been sent to .
Follow the instructions to complete the email validation process.

I have not received my verification email

Check your SPAM mailbox and make sure that twelcome@lordabbett.com is allowed to send you mail.

I'm still having trouble

If you're still having trouble verifying your email address. feel free to contact us.

1-888-522-2388
clientservices@lordabbett.com


OK

We're sorry. We found no record of the email address you provided.

Close

Register For a LordAbbett.com Account
Using Your Email Address.

  • Registered Financial Advisors gain access to:
  • Our data mining tool, Insight & Intelligence
  • Best in-class practice management content
  • Educational events, videos and podcasts.
  • The Lord Abbett Review - Subscribe now!

Registered but Having Problems?

If you believe you are registered and are having problems verifying your email address, feel free to contact us.

1-888-522-2388 clientservices@lordabbett.com

Terms & Condition

X

These Terms of Use ("Terms of Use") are made between the undersigned user ("you") and Lord, Abbett & Co. ("we" or "us"). They become effective on the date that you electronically execute these Terms of Use ("Effective Date").

A. You are a successful financial consultant that markets securities, including the Lord Abbett Family of Funds;

B. We have developed the Lord Abbett Intelligence System (the "Intelligence System"), a state of the art information resource that we make available to a limited community of broker/dealers through the Internet at a secure Web site (the "LAIS Site"); and

C. We wish to provide access to the Intelligence System to you as an information tool responsive to the demands of your successful business pursuant to these Terms of Use. Accordingly, you and we, intending to be legally bound, hereby agree as follows:]

1. Overview. · Scope. These Terms of Use (which we may amend from time to time) govern your use of the Intelligence System. · Revisions; Changes. We may amend these Terms of Use at any time by posting amended Terms of Use ("Amended Terms of Use") on the LAIS Site. Any Amended Terms of Use will become effective immediately upon posting. Your use of the Intelligence System after any Amended Terms of Use become effective will be deemed to constitute your acceptance of those Amended Terms of Use.We may modify or discontinue the Intelligence System at any time, temporarily or permanently, with or without notice to you. Purpose of the Intelligence System. The Intelligence System is intended to be an information resource that you may use to contribute to your business research. The Intelligence System is for broker/dealer use only; it is not to be used with the public in oral, written or electronic form. The information on the Intelligence System and LAIS Site is for your information only and is neither the tax, legal or investment advice of Lord Abbett or its third-party sources nor their recommendation to purchase or sell any security.

2. Your Privileges. · Personal Use. Your use of the Intelligence System is a nontransferable privilege granted by us to you and that we may deny, suspend or revoke at any time, with or without cause or notice. · Access to and Use of the Intelligence System. The User ID and password (together, an "Access ID") issued by us to you (as subsequently changed by you from time to time) is for your exclusive access to and use of the Intelligence System. You will: (a) be responsible for the security and use of your Access ID, (b) not disclose your Access ID to anyone and (c) not permit anyone to use your Access ID. Any access or use of the Intelligence System through the use of your Access ID will be deemed to be your actions, for which you will be responsible. · Required Technology. You must provide, at your own cost and expense, the equipment and services necessary to access and use the Intelligence System. At any time, we may change the supporting technology and services necessary to use the Intelligence System. · Availability. We make no guarantee that you will be able to access the Intelligence System at any given time or that your access will be uninterrupted, error-free or free from unauthorized security breaches.

3. Rights in Data. Our use of information collected from you will be in accordance with our Privacy Policy posted on the LAIS Site. Our compliance with our Privacy Policy will survive any termination of these Terms of Use or of your use of the Intelligence System.

4. Your Conduct in the Use of the Intelligence System. You may access, search, view and store a personal copy of the information contained on the LAIS Site for your use as a broker/dealer. Any other use by you of the Intelligence System and the information contained on the LAIS Site these Terms of Use is strictly prohibited. Without limiting the preceding sentence, you will not: · Engage in or permit any reproduction, copying, translation, modification, adaptation, creation of derivative works from, distribution, transmission, transfer, republication, compilation or decompilation, reverse engineering, display, removal or deletion of the Intelligence System, any portion thereof, or any data, content or information provided by us or any of our third-party sources in any form, media or technology now existing or hereafter developed, that is not specifically authorized under these Terms of Use.

· Remove, obscure or alter any notice, disclaimer or other disclosure affixed to or contained within the Intelligence System, including any copyright notice, trademark and other proprietary rights notices and any legal notices regarding the data, content or information provided through the Intelligence System.

· Create a hyperlink to, frame or use framing techniques to enclose any information found anywhere on the LAIS Site without our express prior written consent.

· Impersonate any person, or falsely state or otherwise misrepresent his or her affiliation with any person in connection with any use of the Intelligence System.

· Breach or attempt to breach the security of the Intelligence System or any network, servers, data, or computers or other hardware relating to or used in connection with the Intelligence System; nor (b) use or distribute through the Intelligence System software or other tools or devices designed to interfere with or compromise the privacy, security or use of the Intelligence System by others or the operations or assets of any person.

· Violate any applicable law, including, without limitation, any state federal securities laws. 5. Your Representations and Warranties. You hereby represent and warrant to us, for our benefit, as of the time of these Terms of Use and for so long as you continue to use the Intelligence System, that (a) you are, and will continue to be, in compliance with these Terms of Use and any applicable laws and (b) you are authorized to provide to us the information we collect, as described in our Privacy Policy.

6. Disclaimer of Warranties.

· General Disclaimers.

THE INTELLIGENCE SYSTEM, THE LAIS SITE AND ALL DATA, INFORMATION AND CONTENT ON THE LAIS SITE ARE PROVIDED "AS IS" AND “AS AVAILABLE” AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND. WITHOUT LIMITING THE PRECEDING SENTENCE, LORD ABBETT, ITS AFFILIATES, AGENTS, THIRD-PARTY SUPPLIERS AND LICENSORS, AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, DIRECTORS, OFFICERS AND SHAREHOLDERS (COLLECTIVELY, THE “LORD ABBETT GROUP”) EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NONINFRINGEMENT. YOU EXPRESSLY AGREE THAT YOUR USE OF THE LAIS SITE, THE INTELLIGENCE SYSTEM, AND THE DATA, INFORMATION AND CONTENT PRESENTED THERE ARE AT YOUR SOLE RISK AND THAT THE LORD ABBETT GROUP WILL NOT BE RESPONSIBLE FOR ANY (A) ERRORS OR INACCURACIES IN THE DATA, CONTENT AND INFORMATION ON THE LAIS SITE AND THE INTELLIGENCE SYSTEM OR (B) ANY TERMINATION, SUSPENSION, INTERRUPTION OF SERVICES, OR DELAYS IN THE OPERATION OF THE LAIS SITE OR THE INTELLIGENCE SYSTEM.

· Disclaimer Regarding Investment Research.

THE INTELLIGENCE SYSTEM INCORPORATES DATA, CONTENT AND INFORMATION FROM VARIOUS SOURCES THAT WE BELIEVE TO BE ACCURATE AND RELIABLE. HOWEVER, THE LORD ABBETT GROUP MAKES NO CLAIMS, REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY, TIMELINESS, COMPLETENESS OR TRUTHFULNESS OF SUCH DATA, CONTENT AND INFORMATION. YOU EXPRESSLY AGREE THAT YOU ARE RESPONSIBLE FOR INDEPENDENTLY VERIFYING YOUR INVESTMENT RESEARCH PRIOR TO FORMING YOUR INVESTMENT DECISIONS OR RENDERING INVESTMENT ADVICE. THE LORD ABBETT GROUP WILL NOT BE LIABLE FOR ANY INVESTMENT DECISION MADE BY YOU OR ANY OTHER PERSON BASED UPON THE DATA, CONTENT AND INFORMATION PROVIDED THROUGH THE INTELLIGENCE SYSTEM OR ON THE LAIS SITE.

· Survival.

THIS SECTION 6 SHALL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM..

7. Limitations on Liability.

NONE OF THE MEMBERS OF THE LORD ABBETT GROUP WILL BE LIABLE TO YOU OR ANY OTHER PERSON FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES (INCLUDING LOSS OF PROFITS, LOSS OF USE, TRANSACTION LOSSES, OPPORTUNITY COSTS, LOSS OF DATA, OR INTERRUPTION OF BUSINESS) RESULTING FROM, ARISING OUT OF OR IN ANY WAY RELATING TO THE INTELLIGENCE SYSTEM, THE LAIS SITE OR YOUR USE THEREOF, EVEN IF THE LORD ABBETT GROUP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION 7 WILL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM.

8. Miscellaneous Provisions.

· Governing Law. This Agreement will governed by and construed in accordance with the laws of the State of New York, without giving effect to applicable conflicts of law principles.

THE UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT OR ANY VERSION THEREOF, ADOPTED BY ANY STATE, IN ANY FORM ("UCITA") WILL NOT APPLY TO THESE TERMS OF USE. TO THE EXTENT THAT UCITA IS APPLICABLE, THE PARTIES HEREBY AGREE TO OPT OUT OF THE APPLICABILITY OF UCITA PURSUANT TO THE OPT-OUT PROVISION(S) CONTAINED THEREIN.

The Intelligence System is not intended to be used by consumers, nor are the consumer protection laws of any jurisdiction intended to apply to the Intelligence System. You agree to initiate and maintain any action, suit or proceeding relating to these Terms of Use or arising out of the use of the Intelligence System exclusively in the courts, state and federal, located in or having jurisdiction over New York County, New York.

YOU HEREBY CONSENT TO THE PERSONAL JURISDICTION AND VENUE OF THE COURTS, STATE AND FEDERAL, LOCATED IN OR HAVING JURISDICTION OVER NEW YORK COUNTY, NEW YORK. YOU AGREE THAT YOU WILL NOT OBJECT TO A PROCEEDING BROUGHT IN YOUR LOCAL JURISDICTION TO ENFORCE AN ORDER OR JUDGMENT OBTAINED IN NEW YORK.

· Relationship of Parties. The parties to these Terms of Use are independent contractors and nothing in these Terms of Use will be construed as creating an employment relationship, joint venture, partnership, agency or fiduciary relationship between the parties.

· Notice. All notices provided under these Terms of Use will be in writing and will be deemed effective: (a) when delivered personally, (b) when received by electronic delivery, (c) one business day after deposit with a commercial overnight carrier specifying next day delivery, with written verification of receipt, or (d) three business days after having been sent by registered or certified mail, return receipt requested. We will only accept notices from you in English and by conventional mail addressed to: General Counsel Lord, Abbett & Co. 90 Hudson Street Jersey City, N.J. 07302-3973 We may give you notice by conventional mail or electronic mail addressed to the last mail or electronic mail address transmitted by you to us.

· Third-Party Beneficiaries. The members of the Lord Abbett Group are third-party beneficiaries of the rights and benefits provided to us under these Terms of Use. You understand and agree that any right or benefit available to us or any member of the Lord Abbett Group hereunder will also be deemed to accrue to the benefit of, and may be exercised directly by, any member of the Lord Abbett Group to the extent applicable.

· Survival. This Section 8 will survive any termination of these Terms of Use or your use of the Intelligence System. The undersigned hereby signs these Terms of Use. By electronically signing and clicking "Accept" below, these Terms of Use will be legally binding on me. To sign these Terms of Use, confirm your full name and enter your User ID and Password (as your electronic signature) in the fields indicated below and click the “I Accept” button.

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

Emerging Markets Currency Fund

Summary

Summary

What is the Emerging Markets Currency Fund?

The Fund seeks to produce a high total return primarily through exposure to currencies of emerging market countries.

Yield

Dividend Yield 1 as of 08/26/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge - 2.81%
w/ sales charge - 2.75%

30-Day Standardized Yield 2 as of 07/31/2016  

1.39%

Expense Ratioas of 07/31/2016

Fund Basicsas of 07/29/2016

Total Net Assets
$446.22 M
Inception Date
09/30/1988
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
726
CUSIP
543908867
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/30/1988
w/o sales charge 6.40% 2.83% -2.69% -2.59% 1.42% 4.47%
Lipper Category Avg. Alternative Currency Strategies Funds 2.48% -0.38% -2.40% -2.87% 0.50% -
JPMorgan ELMI+ Index 6.21% 1.88% -2.91% -2.86% 2.53% -
w/ sales charge 3.95% 0.57% -3.41% -3.04% 1.19% 4.38%

Fund Expense Ratio :

0.98%

Fund Expense Ratio :

0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/30/1988
w/o sales charge 5.95% -0.87% -2.76% -2.70% 1.48% 4.47%
Lipper Category Avg. Alternative Currency Strategies Funds 2.27% -1.89% -2.43% -2.77% 0.56% -
JPMorgan ELMI+ Index 5.82% -1.04% -3.04% -2.92% 2.74% -
w/ sales charge 3.51% -3.15% -3.47% -3.14% 1.24% 4.38%

Fund Expense Ratio :

0.98%

RELATED CONTENT

Emerging Markets: Reading the Tea Leaves on China's Currency Moves
Emerging Markets: Reading the Tea Leaves on China's Currency Moves

China first devalues - then supports- its currency. What exactly is going on?

Investment Team

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

15 Years of Industry Experience

martini
Giulio Martini

Director of Strategic Asset Allocation

31 Years of Industry Experience

David B. Ritt
David B. Ritt, CFA

Portfolio Manager

18 Years of Industry Experience

Supported By 54 Investment Professionals and 13 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 08/26/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge - 2.81%
w/ sales charge - 2.75%

30-Day Standardized Yield 2 as of 07/31/2016  

 
w/o sales charge 1.39%

Fund Expense Ratio :

0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/30/1988
w/o sales charge 6.40% 2.83% -2.69% -2.59% 1.42% 4.47%
Lipper Category Avg. Alternative Currency Strategies Funds 2.48% -0.38% -2.40% -2.87% 0.50% -
JPMorgan ELMI+ Index 6.21% 1.88% -2.91% -2.86% 2.53% -
w/ sales charge 3.95% 0.57% -3.41% -3.04% 1.19% 4.38%

Fund Expense Ratio :

0.98%

Fund Expense Ratio :

0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/30/1988
w/o sales charge 5.95% -0.87% -2.76% -2.70% 1.48% 4.47%
Lipper Category Avg. Alternative Currency Strategies Funds 2.27% -1.89% -2.43% -2.77% 0.56% -
JPMorgan ELMI+ Index 5.82% -1.04% -3.04% -2.92% 2.74% -
w/ sales charge 3.51% -3.15% -3.47% -3.14% 1.24% 4.38%

Fund Expense Ratio :

0.98%

Best returns

Durations Fund Returns Blended Index
3-Mo 17.79 13.11
1-Yr 28.58 20.29

Worst returns

Durations Fund Returns Blended Index
3-Mo -19.87 -13.27
1-Yr -18.73 -13.87
Year Fund Returns JPMorgan ELMI+ Index
2015 -8.95% -7.61%
2014 -5.49% -7.03%
2013 -3.21% -2.05%
2012 10.69% 7.45%
2011 -5.87% -5.20%
2010 5.79% 5.68%
2009 20.53% 11.71%
2008 -11.90% -3.84%
2007 7.98% 16.04%
2006 5.22% 12.30%
2005 -5.61% -
2004 8.40% -
2003 12.79% -
2002 14.90% -
2001 1.87% -
2000 -0.04% -
1999 -9.47% -
1998 10.78% -
1997 4.23% -
1996 6.12% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2016 4.12% 1.75% - - 7.46%
2015 -2.81% 0.13% -7.26% 0.89% -8.95%
2014 0.91% 2.50% -4.40% -4.42% -5.49%
2013 -0.12% -3.92% 0.51% 0.34% -3.21%
2012 7.01% -2.09% 4.16% 1.43% 10.69%
2011 3.47% 1.91% -9.74% -1.10% -5.87%
2010 2.31% -5.38% 9.00% 0.26% 5.79%
2009 -1.24% 13.14% 6.53% 1.26% 20.53%
2008 2.77% 4.65% -6.46% -12.43% -11.90%
2007 1.20% -1.31% 4.46% 3.51% 7.98%
2006 -0.56% 1.93% 1.95% 1.82% 5.22%
2005 -2.61% -0.81% -1.23% -1.08% -5.61%
2004 1.64% -3.20% 3.15% 6.80% 8.40%
2003 2.68% 4.26% 1.07% 4.24% 12.79%
2002 -0.97% 7.94% 3.19% 4.14% 14.90%
2001 -1.19% -0.88% 6.04% -1.93% 1.87%
2000 -1.33% -0.20% -2.37% 3.97% -0.04%
1999 -4.26% -3.89% 1.44% -2.98% -9.47%
1998 2.03% 1.15% 5.78% 1.50% 10.78%
1997 -2.46% 3.00% 1.80% 1.90% 4.23%
1996 -2.82% 1.29% 3.61% 4.05% 6.12%
1995 7.90% 3.86% 0.88% 4.25% 17.86%
1994 -4.16% -0.62% 0.93% 0.45% -3.40%
1993 5.41% 1.79% 3.16% 0.13% 10.78%
1992 -3.13% 7.11% 4.32% -2.28% 5.76%
1991 -1.46% -1.68% 9.21% 8.06% 14.33%
1990 -2.74% 4.95% 3.37% 6.00% 11.82%
1989 -1.31% 3.47% 2.33% 5.85% 10.61%
1988 - - - 1.41% 1.38%

Growth of $10,000 as of 07/31/2016

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 06/30/2016

  • We decreased the portfolio’s risk exposure in the first half of the quarter, as the hawkish tone by the U.S. Federal Reserve officials slowed down the rally in emerging markets currencies.
  • We reduced our exposure to commodity price-driven currencies, such as the Colombian peso, but overall we remained overweight commodity-sensitive names, as the recovery in oil prices continued.
  • We decreased our positioning in Latin American currencies overall, in order to take profits and better position the portfolio in light of the European Union referendum in the United Kingdom (UK).
  • The portfolio remained neutral the euro-tied currencies in the second part of the quarter, as we viewed the UK referendum as a major risk event, with an uncertain outcome.  

Portfolio Details as of 07/29/2016

Total Net Assets
$446.22 M
Number of Issues
726
Average Modified Duration
0.92 Years
Currency Assets
Indonesia 8.3%
Argentina 7.8%
India 7.8%
Russian Federation 7.3%
Brazil 6.9%
Colombia 6.3%
South Africa 5.8%
Mexico 5.7%
Philippines 5.4%
Chile 5.4%
Turkey 5.1%
Republic of Korea 4.8%
China 4.7%
Peru 4.5%
Poland 4.2%
Hungary 3.8%
Malaysia 3.7%
Romania 3.2%
Czech Republic 2.2%
Israel 2.2%
Thailand 0.7%
Singapore 0.5%
Canada -1.0%
Taiwan -1.1%
CNH -2.0%
Euro -3.3%
Currency Name Position Expiration Date Current MV (USD)
Argentine Peso Total Contracts: $35,812,561
Argentine Peso Long 10/03/2016 $15,985,376
Argentine Peso Long 09/13/2016 $1,369,226
Argentine Peso Long 09/13/2016 $8,753,738
Argentine Peso Long 08/29/2016 $9,704,220
Argentine Peso Long 07/05/2016 $4,007,976
Argentine Peso Short 07/05/2016 $-15,586,572
Argentine Peso Long 07/05/2016 $3,715,520
Argentine Peso Long 07/05/2016 $7,863,077
Baht Total Contracts: $3,211,156
Baht Long 09/09/2016 $13,118,954
Baht Short 09/09/2016 $-11,008,538
Baht Short 07/13/2016 $-137,166
Baht Long 07/13/2016 $455,322
Baht Long 07/13/2016 $782,584
Brazilian Real Total Contracts: $21,785,013
Brazilian Real Long 09/09/2016 $11,549,357
Brazilian Real Long 08/12/2016 $372,008
Brazilian Real Long 08/12/2016 $5,478,940
Brazilian Real Short 07/13/2016 $-6,003,487
Brazilian Real Long 07/13/2016 $11,020,141
Brazilian Real Short 07/13/2016 $-631,946
Canadian Dollar Total Contracts: $-4,547,390
Canadian Dollar Short 09/09/2016 $-4,547,390
Chilean Peso Total Contracts: $22,537,498
Chilean Peso Long 09/09/2016 $14,262,518
Chilean Peso Short 08/12/2016 $-282,682
Chilean Peso Short 08/12/2016 $-450,085
Chilean Peso Short 08/12/2016 $-5,073,468
Chilean Peso Long 08/12/2016 $14,081,215
Colombian Peso Total Contracts: $25,410,644
Colombian Peso Long 09/09/2016 $16,775,640
Colombian Peso Long 08/12/2016 $11,297,880
Colombian Peso Short 08/12/2016 $-540,929
Colombian Peso Short 08/12/2016 $-2,121,947
Czech Koruna Total Contracts: $12,071,624
Czech Koruna Long 09/09/2016 $4,281,198
Czech Koruna Long 07/13/2016 $3,887,524
Czech Koruna Long 07/13/2016 $3,902,902
Euro Total Contracts: $-14,663,189
Euro Short 07/13/2016 $-4,605,482
Euro Short 07/13/2016 $-180,890
Euro Short 07/13/2016 $-9,876,817
Forint Total Contracts: $18,862,229
Forint Long 08/12/2016 $18,322,705
Forint Long 07/13/2016 $4,832,864
Forint Short 07/13/2016 $-3,585,106
Forint Short 07/13/2016 $-708,234
Indian Rupee Total Contracts: $31,701,604
Indian Rupee Long 09/09/2016 $12,593,524
Indian Rupee Short 08/12/2016 $-226,683
Indian Rupee Long 08/12/2016 $19,334,763
Malaysian Ringgit Total Contracts: $16,586,878
Malaysian Ringgit Long 09/09/2016 $9,797,842
Malaysian Ringgit Long 07/13/2016 $3,415,602
Malaysian Ringgit Long 07/13/2016 $3,373,434
Mexican Peso Total Contracts: $26,284,355
Mexican Peso Long 09/09/2016 $4,668,933
Mexican Peso Long 08/12/2016 $1,268,149
Mexican Peso Long 08/12/2016 $20,347,273
New Israeli Sheqel Total Contracts: $14,336,240
New Israeli Sheqel Long 09/09/2016 $5,182,086
New Israeli Sheqel Long 07/13/2016 $4,560,235
New Israeli Sheqel Long 07/13/2016 $4,593,919
New Leu Total Contracts: $16,638,660
New Leu Long 09/09/2016 $5,936,684
New Leu Long 09/09/2016 $5,274,326
New Leu Long 08/12/2016 $5,427,650
New Taiwan Dollar Total Contracts: $-2,481,168
New Taiwan Dollar Short 09/12/2016 $-265,662
New Taiwan Dollar Short 09/12/2016 $-2,215,506
Nuevo Sol Total Contracts: $25,258,548
Nuevo Sol Long 09/09/2016 $8,544,227
Nuevo Sol Long 09/09/2016 $8,115,343
Nuevo Sol Long 08/12/2016 $8,598,978
Offshore Renminbi Total Contracts: $-4,430,309
Offshore Renminbi Short 07/13/2016 $-4,430,309
Philippine Peso Total Contracts: $24,733,509
Philippine Peso Long 09/09/2016 $8,225,728
Philippine Peso Long 08/12/2016 $8,353,258
Philippine Peso Short 07/13/2016 $-3,069,238
Philippine Peso Short 07/13/2016 $-224,241
Philippine Peso Long 07/13/2016 $459,110
Philippine Peso Short 07/13/2016 $-5,590,094
Philippine Peso Long 07/13/2016 $16,578,986
Rand Total Contracts: $21,487,981
Rand Long 09/09/2016 $15,616,512
Rand Long 08/12/2016 $4,039,924
Rand Long 07/13/2016 $4,447,311
Rand Short 07/13/2016 $-2,615,766
Rupiah Total Contracts: $33,441,129
Rupiah Long 09/09/2016 $5,775,147
Rupiah Long 09/09/2016 $23,047,605
Rupiah Short 08/12/2016 $-3,475,685
Rupiah Long 08/12/2016 $8,325,900
Rupiah Short 08/12/2016 $-231,838
Russian Ruble Total Contracts: $30,744,563
Russian Ruble Long 09/09/2016 $22,362,526
Russian Ruble Short 08/12/2016 $-1,626,366
Russian Ruble Long 08/12/2016 $10,008,403
Russian Ruble Short 07/13/2016 $-594,249
Russian Ruble Long 07/13/2016 $594,249
Singapore Dollar Total Contracts: $5,448,742
Singapore Dollar Long 08/12/2016 $4,899,414
Singapore Dollar Long 08/12/2016 $2,583,327
Singapore Dollar Short 08/12/2016 $-2,033,999
Turkish Lira Total Contracts: $19,114,549
Turkish Lira Long 09/09/2016 $6,494,003
Turkish Lira Long 08/12/2016 $14,079,611
Turkish Lira Short 08/12/2016 $-4,084,825
Turkish Lira Long 07/13/2016 $2,903,876
Turkish Lira Short 07/13/2016 $-278,116
Won Total Contracts: $19,016,417
Won Long 09/09/2016 $17,236,647
Won Long 08/12/2016 $2,734,736
Won Short 08/12/2016 $-183,618
Won Short 08/12/2016 $-230,846
Won Short 08/12/2016 $-540,502
Yuan Renminbi Total Contracts: $21,317,207
Yuan Renminbi Long 09/09/2016 $6,248,871
Yuan Renminbi Long 07/13/2016 $7,579,926
Yuan Renminbi Long 07/13/2016 $7,488,410
Zloty Total Contracts: $29,076,575
Zloty Long 09/09/2016 $583,002
Zloty Long 08/12/2016 $15,386,175
Zloty Long 07/13/2016 $10,052,977
Zloty Short 07/13/2016 $-2,382,703
Zloty Short 07/13/2016 $-544,980
Zloty Long 07/13/2016 $5,982,104

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 08/26/2016
$0.093
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 07/31/2016 $0.01259 $5.33
Daily Daily 06/30/2016 $0.01465 $5.32
Daily Daily 05/31/2016 $0.01244 $5.18
Daily Daily 04/30/2016 $0.01490 $5.36
Daily Daily 03/31/2016 $0.01281 $5.27
Daily Daily 02/29/2016 $0.01180 $4.94
Daily Daily 01/31/2016 $0.01401 $4.97

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 08/31/2016
Daily Daily 09/30/2016
Daily Daily 10/31/2016
Daily Daily 11/30/2016
Daily Daily 12/31/2016

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
07/28/2011 07/29/2011 - $0.0337 $0.0337 $6.96

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
12/15/2016 12/16/2016

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 08/26/2016

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $5.49
$100,000 to $249,999 1.75% 1.50% $5.47
$250,000 to $499,999 1.25% 1.00% $5.44
$500,000 to $999,999 0.00% 1.00% $5.37
$1,000,000 to $5,000,000 0.00% 1.00% $5.37

Expense Ratioas of 07/31/2016

Fund Review

Fund Review

Market Review as of 06/30/2016

Major categories of U.S. fixed income securities posted positive returns for the second quarter of 2016, with high yield credit outperforming investment grade bonds, driven by the recovery in commodity prices and the continued search for yield. Volatility increased towards the end of the quarter, capped off by the United Kingdom’s decision to exit the European Union. After side-stepping for the most part the landmine that was “Brexit,” securities markets grinded higher into the end of the quarter, buoyed by accommodative central banks.

Following its policy meeting on June 14–15, the U.S. Federal Reserve (Fed) released a statement indicating that the pace of improvement in the labor market had slowed, noting that job gains had diminished despite the lower unemployment rate. On the other side, growth in economic activity appeared to have picked up, driven by growth in household spending. The Fed again noted that inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but is expected to rise to 2% over the medium term as the transitory effects of past declines in energy and import prices dissipate and the labor market strengthens further. During the June meeting, the Fed decided to maintain its target for the Federal Funds Rate  in the range of 0.25–0.50%, and declared “the stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2% inflation.”1 Fed policymakers’ median projected estimate for the fed funds fell to 0.9% for the end of 2016.2

U.S. inflation continued to struggle in reaching the Fed’s 2% inflation target, as the overall Consumer Price Index (CPI)3 increased just 1.0% over the 12-month period ended May 2016. CPI (excluding food and energy prices) increased 2.2% over the same 12-month period.4

The U.S. Bureau of Labor Statistics reported that non-farm payrolls increased by just 38,000 in May, below the trailing three-month average monthly gain of 116,000. The change in total nonfarm payroll employment for March and April were also revised lower, resulting in employment gains that were 59,000 less than had been previously reported over these two months. Despite the slowing pace of job growth, the unemployment rate declined from 5.0 to 4.7%.5

U.S. Treasuries (as represented by the BofA Merrill Lynch U.S. Treasury Index6) posted a return of 2.24% for the three-month period ended June 30, 2016.  The high yield bond market (as represented by the BofA Merrill Lynch U.S. High Yield Constrained Index7) posted a positive return of 5.88% for the quarter, and is now positive 9.32% year to date. The floating rate loan market (as represented by the Credit Suisse Leveraged Loan Index8) returned 2.86%, outperforming the broad Barclays U.S. Aggregate Bond Index9, with performance driven by lower rated loans. The convertible bond market (as represented by the BofA Merrill Lynch All Convertibles, All Qualities Index10) returned 3.63%, also benefitting from a rally in risk assets.

Among higher credit quality securities, investment grade corporate debt (as represented by the Barclays U.S. Corporate Bond Index11) posted a return of 3.57%. Corporate bond spreads continued to tighten during the quarter from the wide levels reached in early February, a period of extreme risk aversion. Agency mortgage-backed securities (as represented by the Barclays MBS Index12) returned 1.11%. Commercial MBS (CMBS) (as represented by the Barclays U.S. CMBS Investment Grade Index13) returned 2.22%.

The municipal bond market (as represented by the BofA Merrill Lynch U.S. Municipal Securities Index14) posted a 2.72% return, outperforming the BofA Merrill Lynch U.S. Treasury Index, even before accounting for the tax exempt status of municipal bonds. Overall creditworthiness in the municipal bond market continues to improve, as most states’ finances experienced rising revenues, while maintaining balanced budgets.

Within emerging markets, the major drivers of strong performance included a dovish Fed, a weaker U.S. dollar, and a strong rally in commodity prices. Thus, U.S. dollar-denominated emerging markets corporate debt (as measured by the JP Morgan Corporate Emerging Markets Bond Index Broad Diversified Index15) returned 3.33%, underperforming most U.S.-centric, fixed income asset classes.                                        

According to J.P. Morgan Securities, high yield new issue volume tapered somewhat in June with the Brexit vote serving as an overhang. High yield issuance totaled $104.1 billion for second quarter 2016, which was a 19% decrease from the year-ago quarter, but a 103% improvement from the first quarter of 2016. June’s institutional loan issuance was the heaviest in more than three years, reaching $73.0 billion, a by-product of a big increase in re-pricing and refinancing activity.  Institutional loan volume has climbed, to $161.0 billion year to date, compared with $207.5 billion a year ago. Default activity fell in June, to a year-to-date-low, as two companies defaulted, totaling $1.4 billion. This marked the lowest number of defaults since October 2015, and is the third consecutive month-over-month decline. Year to date, 37 companies have defaulted, with debt totaling $43.8 billion ($35.2 billion in bonds and $8.6 billion in loans), which is already 16% higher than full-year 2015’s $37.7 billion of total default volume. It should be noted that default activity has been driven by companies in the energy and metals/mining sectors, with over 80% of this year’s default volume coming from commodity-related names, according to J.P. Morgan Securities.

Fund Review as of 06/30/2016

The Fund* outperformed its benchmark, the J.P. Morgan Emerging Local Markets Index Plus 16 for the quarter ended June 30, 2016.

We decreased the Fund’s risk exposure in the first half of the quarter, as the hawkish tone by the U.S. Federal Reserve officials slowed down the rally in emerging markets currencies.

The Fund’s positions in commodity-linked currencies, such as the Russian ruble and the Colombian peso, were the biggest contributors to performance in the second quarter, as the recovery in oil prices continued. In addition, we increased the Fund’s exposure to Argentine peso, which helped the performance, as the country successfully returned to the global debt markets and the new government continued with the implementation of business-friendly fiscal and monetary reforms.

The Fund’s overweight to Mexican peso detracted from performance, as the currency continued to underperform, despite improving fundamentals. We think the underperformance is not sustainable, and, therefore, we maintain a modest strategic overweight in the currency. Also, the Fund’s overweight to Australian dollar hurt performance.  We expected that continuing rally in oil prices would be supportive of the currency, but it underperformed due to domestic political uncertainty during the period.

Please refer to www.lordabbett.com under the “Portfolio” tab for a complete list of holdings of the Fund, including the securities discussed above.

Outlook

The United Kingdom’s decision to depart from the European Union has introduced a great deal of uncertainty into the market; as such, we believe central banks will remain accommodative in order to stabilize markets and foster global growth. Further accommodation and a global search for yield should benefit risk assets, as long as central bank actions remain consistent with one another. Although fears have abated to a degree about China’s economic slowdown, and the possibility of disruptive currency devaluation, the economic situation there remains another area of uncertainty. The Chinese economy is a critical component of the global economy, and particularly for the Asian region.  Further instability has the potential to disrupt global markets.

Broadly speaking, we remain generally optimistic that the U.S. economy will continue to grow at a steady, albeit subpar, pace. We still view credit-sensitive sectors of the market as representing attractive relative value, although we do believe that there is the potential for episodes of further spread widening, as the market continues to struggle with low global growth.

Emerging markets have been the biggest beneficiary in the recent rally in risky assets, and we are near-term constructive on the asset class. We think that the risk sentiment turned more supportive, as commodity prices continued to rebound and the fundamentals started to show signs of improvement. In addition, EM assets remain attractive in the world of negative yields and continued monetary easing by the major central banks.

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
Quantity
Quantity
Remove
Remove

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

The J.P. Morgan Emerging Local Markets Index Plus (ELMI+) tracks total returns for local currency-denominated money market instruments in 23 emerging markets countries.

The Blended index consists of the following components: J.P. Morgan ELMI+ from inception to 05/31/2012, Barclays GEMS from 06/01/2012 forward. The J.P. Morgan Emerging Local Markets Index Plus (ELMI+) tracks total returns for local currency-denominated money market instruments in 23 emerging markets countries.

The Barclays Global Emerging Market Strategy (GEMS) Index is based on investing in 1-month synthetic money market deposits across 15 diversified Emerging Market currencies.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field