|w/o sales charge||-||2.81%|
|w/ sales charge||-||2.75%|
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
The Fund changed its investment strategy on 6/29/2007.
|YTD||1-YR||3-YR||5-YR||10-YR||Since Inception 09/30/1988|
|w/o sales charge||-1.27%||-5.40%||-2.42%||-0.09%||1.40%||4.79%|
|Lipper Category Avg. Alternative Currency Strategies Funds||-0.54%||-2.92%||-2.78%||-0.70%||1.03%||-|
|w/ sales charge||-3.45%||-7.51%||-3.15%||-0.53%||1.17%||4.70%|
|YTD||1-YR||3-YR||5-YR||10-YR||Since Inception 09/30/1988|
|w/o sales charge||-5.49%||-5.49%||0.42%||0.17%||1.39%||4.87%|
|Lipper Category Avg. Alternative Currency Strategies Funds||-3.10%||-3.10%||-1.13%||-0.53%||1.39%||-|
|w/ sales charge||-7.56%||-7.56%||-0.33%||-0.27%||1.16%||4.78%|
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.
The blended index consists of the following components: J.P. Morgan ELMI+ from inception to 04/30/2012, 50% Barclays GEMS / 50% J.P. Morgan ELMI from 05/01/2012 - 05/31/2012, Barclays GEMS from 06/01/2012 forward.
Supported By 39 Investment Professionals and 13 Years Avg. Industry Experience
Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.
Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.
The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.
The Fund’s Dividend Yield and 12-Month Dividend Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.
The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.
A Note about Risk: The Fund is subject to the general risks associated with investing in fixed income securities, including market, credit, and liquidity. The Fund may invest substantially in forward foreign currency contracts or other derivatives. The Fund is subject to currency risk. Foreign currency exchange rates may fluctuate significantly over short periods of time. Currency exchange rates also can be affected unpredictably by intervention (or the failure to intervene) by U.S. or foreign governments or central banks, or by currency controls or political developments. Foreign investments generally pose greater risks than domestic investments. The securities markets of emerging market countries tend to be less liquid, especially subject to greater price volatility, have a smaller market capitalization, have less government regulation and may not be subject to as extensive and frequent accounting, financial and other reporting requirements as securities markets in more developed countries. Further, investing in the securities of issuers located in certain emerging countries may present a greater risk of loss resulting from problems in security registration and custody or substantial economic or political disruptions. In addition to other risks, derivatives also involve the risk of mispricing or improper valuation and the risk that changes in the value of the derivative may not correlate with the value of the underlying asset, rate, or index. Because derivatives may involve a small amount of cash relative to the total amount of the transaction, the magnitude of losses from derivatives may be greater than the amount originally invested by the Fund. These factors can affect Fund performance.
Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.
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.
With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.
Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.
Returns shown at less than a year reflect aggregate total returns.
Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.
The historical performance shown for periods prior to July 1, 2007 reflects the June 29, 2007 performance of the Fund prior to its change in investment strategy. Therefore, the performance of the Fund for periods prior to June 29, 2007, is not representative of Lord Abbett's current investment strategy. The change in investment approach may affect the Fund's performance in the future.
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.
Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.
Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.
Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.