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Global Bond Fund

Daily price w/o sales charge as of 02/26/2020

$10.10

arrowDown$0.04

YTD Returns w/o sales charge as of 02/26/2020

0.15%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the Global Bond Fund?

The Fund seeks to deliver total return by investing in bonds across multiple sectors in developed and emerging markets located throughout the world. 

 

Yield

Dividend Yield 1 as of 02/26/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.84% 0.85%

30-Day Standardized Yield 2 as of 01/31/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.62% 0.00%

Fund Basicsas of 01/31/2020

Total Net Assets
$10.97 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
3.07%
Fund Net Expense Ratio
1.08%
Number of Holdings
322

Fund Expense Ratio :

Gross 3.07%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 0.93% 6.40% - - - 4.81%
Lipper Category Avg. Global Income Funds 1.16% 7.37% - - - -
Bloomberg Barclays Global Aggregate Index 1.28% 6.58% - - - 5.68%

Fund Expense Ratio :

Gross 3.07%

Net 1.08%

Fund Expense Ratio :

Gross 3.07%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 8.00% 8.00% - - - 4.42%
Lipper Category Avg. Global Income Funds 8.21% 8.21% - - - -
Bloomberg Barclays Global Aggregate Index 6.84% 6.84% - - - 5.09%

Fund Expense Ratio :

Gross 3.07%

Net 1.08%

Investment Team

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

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

Partner & Portfolio Manager

18 Years of Industry Experience

Annika M. Lombardi
Annika M. Lombardi

Portfolio Manager

12 Years of Industry Experience

Supported By 64 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Fund Expense Ratio :

Gross 3.07%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 0.93% 6.40% - - - 4.81%
Lipper Category Avg. Global Income Funds 1.16% 7.37% - - - -
Bloomberg Barclays Global Aggregate Index 1.28% 6.58% - - - 5.68%

Fund Expense Ratio :

Gross 3.07%

Net 1.08%

Fund Expense Ratio :

Gross 3.07%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 8.00% 8.00% - - - 4.42%
Lipper Category Avg. Global Income Funds 8.21% 8.21% - - - -
Bloomberg Barclays Global Aggregate Index 6.84% 6.84% - - - 5.09%

Fund Expense Ratio :

Gross 3.07%

Net 1.08%

Year Fund Returns Bloomberg Barclays Global Aggregate Index
2019 8.00% 6.84%
2018 -1.54% -1.20%
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 - - - - 0.15%
2019 3.20% 3.28% -0.08% 1.40% 8.00%
2018 - - - -1.17% -1.54%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Non-US Corp High Grade
US Corp High Grade
Govt
Sovereign Developed
US Corp High Yield
Currency
Non-US Corp High Yield
MBS Passthrough
ABS
Sovereign Emerging
CMBS
MBS Other
US Bank Loan High Yield
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 01/31/2020

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
BB
B
CCC
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 higher credit rating. 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 Positioning as of 12/31/2019

  • The portfolio maintains a flexible, multi-sector approach with the ability to have exposure to more credit-sensitive sectors outside of its benchmark, the Bloomberg Barclays Global Aggregate Index. The portfolio seeks to deliver total return by investing in bonds across multiple sectors in developed and emerging markets located throughout the world. Primary sector allocations include investment grade and high yield corporate bonds, sovereign debt, mortgage-backed securities (“MBS”), and asset-backed securities (“ABS”).
  • As European yields became more negative at the end of the summer, we began reducing the portfolio’s allocation to core European countries to lock in the higher prices. In particular, we reduced the portfolio’s allocation to both sovereign securities and investment grade corporate bonds within Germany and France, mitigating the impact from the subsequent rise in developed sovereign bond yields throughout the quarter.
  • We increased the portfolio’s allocation to emerging market sovereign securities following weak performance in the third quarter due to trade tensions and concerns over slowing global growth. With trade tensions between the U.S. and China being alleviated and our expectation that central banks across the globe will hold steady and that the global economy will rebound, we anticipate emerging market securities will be positively impacted.
  • Given the continued tightening within corporate credit, we have reduced the portfolio’s allocation to U.S. investment grade corporate bonds and both U.S. and non-U.S. high yield corporates while opportunistically adding to sectors that offer attractive relative value and carry opportunities. We modestly increased the portfolio’s allocation to securitized products and bank loans, as we anticipate spreads will compress within these sectors in the upcoming months.

Portfolio Details as of 01/31/2020

Total Net Assets
$10.97 M
Number of Issues
322
Average Coupon
3.89%
Average Life
7.83 Years
Average Maturity
9.63 Years
Average Effective Duration
5.91 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 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
30-YR UMBS-TBA PROD FEB 3.500% 05/01/2049 3.4%
30-YR UMBS-TBA PROD FEB 3.000% 05/01/2049 3.3%
U.S. Treasury Note/Bond 2.250% 12/31/2023 2.2%
U.S. Treasury Note/Bond 1.375% 01/31/2025 2.0%
Country Garden Holdings Co. Ltd. 4.750% 01/17/2023 1.9%
U.S. Treasury Note/Bond 2.750% 11/15/2047 1.6%
China Development Bank 3.480% 01/08/2029 1.5%
U.S. Treasury Note/Bond 1.750% 11/15/2029 1.4%
CPUK Finance Ltd 3.588% 08/28/2025 1.3%
Pinewood Finance Co Ltd 3.250% 09/30/2025 1.3%
% of Total Assets 19.9%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD JAN3.500% 03/01/20493.4%
30-YR UMBS-TBA PROD JAN3.000% 05/01/20493.3%
U.S. Treasury Note/Bond2.250% 12/31/20232.2%
Country Garden Holdings Co. Ltd.4.750% 01/17/20231.9%
U.S. Treasury Note/Bond2.750% 11/15/20471.5%
CPUK Finance Ltd3.588% 08/28/20251.3%
U.S. Treasury Note/Bond1.750% 11/15/20291.3%
Pinewood Finance Co Ltd3.250% 09/30/20251.3%
U.S. Treasury Note/Bond1.750% 12/31/20241.3%
UniCredit S.p.A.6.950% 10/31/20221.2%
Mclaren Finance PLC5.000% 08/01/20221.2%
AA Bond Co Ltd2.750% 07/31/20231.2%
Kerry Group Financial Services Unltd Co2.375% 09/10/20251.2%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20261.2%
Bacardi Ltd.2.750% 07/03/20231.1%
Cassa Depositi e Prestiti SpA2.125% 09/27/20231.1%
Netflix, Inc.3.875% 11/15/20291.1%
Newell Rubbermaid, Inc.3.750% 10/01/20211.1%
Lincoln Financing SARL3.625% 04/01/20241.1%
Credit Suisse Group AG1.250% 07/17/20251.1%
Ubisoft Entertainment SA1.289% 01/30/20231.1%
Aroundtown SA1.450% 07/09/20281.1%
Sigma Holdco BV5.750% 05/15/20261.1%
Berry Plastics Corp.1.500% 01/15/20271.1%
Intrum Justitia AB3.000% 09/15/20271.0%
Carnival plc1.000% 10/28/20291.0%
U.S. Treasury Note0.500% 04/15/20241.0%
Lloyds Bank plc6.500% 09/14/20201.0%
NBCUniversal Enterprise, Inc.5.250% 06/19/20991.0%
CPS Auto Receivables Trust 2016-C5.920% 06/15/20221.0%
Perimeter Master Note Business Trust4.230% 05/15/20240.9%
American Express Credit Account Master Trust2.670% 10/17/20220.9%
Discover Card Execution Note Trust1.900% 10/17/20220.9%
United Kingdom Gilt1.500% 07/22/20470.9%
U.S. Treasury Note/Bond3.625% 08/15/20430.9%
Spain Government Bond4.200% 01/31/20370.9%
Italy Buoni Poliennali Del Tesoro1.750% 07/01/20240.9%
Ally Master Owner Trust3.300% 07/17/20230.8%
United Kingdom Gilt1.625% 10/22/20280.8%
China Development Bank3.680% 02/26/20260.8%
China Development Bank3.480% 01/08/20290.8%
U.S. Treasury Note/Bond4.500% 02/15/20360.8%
U.S. Treasury Note/Bond1.500% 11/30/20240.8%
Towd Point Mortgage Trust 2019-HY22.792% 05/25/20580.7%
Wells Fargo & Co.3.473% 03/04/20210.7%
French Republic Government Bond OAT2.000% 05/25/20480.7%
Chesapeake Funding II LLC2.110% 08/15/20300.7%
EUROFIMA3.900% 12/19/20250.7%
ESB Finance DAC6.500% 03/05/20200.7%
Japan Government Thirty Year Bond0.400% 06/20/20490.6%
OPB Finance Trust2.980% 01/25/20270.6%
African Development Bank Group3.350% 08/08/20280.6%
Norgeskreditt AS4.250% 06/16/20210.6%
Brazil Notas do Tesouro Nacional Serie F10.000% 01/01/20290.5%
Japan Government Twenty Year Bond1.400% 09/20/20340.5%
United Kingdom Gilt1.750% 09/07/20370.5%
Indonesia Treasury Bond8.375% 03/15/20240.5%
Goldman Sachs Group, Inc.5.250% 07/27/20210.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
Malaysia Government Bond3.478% 06/14/20240.5%
Macquarie Bank Ltd.6.625% 04/07/20210.5%
Brightsphere Investment Group Inc4.800% 07/27/20260.5%
Macquarie Group Ltd.3.763% 11/28/20280.5%
Province of Ontario, Canada2.900% 06/02/20280.5%
Japan Government Twenty Year Bond0.400% 03/20/20390.5%
Neuberger Berman Group LLC4.875% 04/15/20450.5%
Spain Government Bond1.850% 07/30/20350.5%
Marathon Petroleum Corp.5.375% 10/01/20220.5%
Southern Power Co2.706% 12/20/20200.5%
Morgan Stanley3.458% 01/20/20220.5%
Citigroup, Inc.3.484% 03/30/20210.5%
Bank of America Corp.2.369% 07/21/20210.5%
Republic of Hungary6.250% 01/29/20200.5%
Province of Saskatchewan Canada4.750% 06/01/20400.5%
JPMorgan Chase & Co.2.652% 03/09/20210.5%
City of Montreal Canada4.250% 12/01/20320.5%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.5%
United Kingdom Gilt4.250% 12/07/20270.4%
International Finance Corp.4.250% 08/21/20230.4%
Petroleos Mexicanos5.500% 02/24/20250.4%
JP Morgan Chase Commercial Mortgage Securities Tru2.740% 06/15/20320.4%
Brazil Letras do Tesouro Nacional0.000% 07/01/20220.4%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
British Telecommunications plc8.625% 03/26/20200.4%
Valero Energy Corp.10.500% 03/15/20390.4%
United Kingdom Gilt0.750% 07/22/20230.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
U.S. Treasury Note/Bond2.250% 08/15/20490.4%
Toronto Hydro Corp3.540% 11/18/20210.4%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.4%
Italy Buoni Poliennali Del Tesoro3.850% 09/01/20490.4%
Telstra Corp., Ltd.7.750% 07/15/20200.3%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
Spain Government Bond1.450% 04/30/20290.3%
TransDigm, Inc.6.250% 03/15/20260.3%
U.S. Treasury Note/Bond2.375% 11/15/20490.3%
General Motors Co.6.750% 04/01/20460.3%
Ecopetrol S.A.5.875% 05/28/20450.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
Origin Energy Finance Ltd.5.450% 10/14/20210.3%
Republic of El Salvador6.375% 01/18/20270.3%
Continental Resources, Inc.5.000% 09/15/20220.3%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.3%
Republic of Turkey7.375% 02/05/20250.3%
Italy Buoni Poliennali Del Tesoro1.350% 04/01/20300.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
COMM Mortgage Trust4.436% 07/10/20500.3%
Swedbank Hypotek AB1.000% 09/18/20240.3%
Netflix, Inc.5.875% 02/15/20250.3%
Drive Auto Receivables Trust3.360% 10/17/20220.3%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.3%
South Africa Government Bond8.750% 02/28/20480.3%
Bahamas Government International Bond6.950% 11/20/20290.3%
Petroleos Mexicanos5.350% 02/12/20280.3%
MPLX L.P.3.002% 09/09/20210.3%
United Kingdom Gilt2.000% 07/22/20200.3%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.3%
Puget Energy, Inc.5.625% 07/15/20220.3%
BAT Capital Corp3.038% 08/15/20220.3%
Numericable Group S.A.7.375% 05/01/20260.3%
Patrick Industries, Inc.7.500% 10/15/20270.3%
Great Wolf Trust2.756% 12/15/20290.3%
Hungary Government Bond3.000% 08/21/20300.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
COMM Mortgage Trust4.436% 07/10/20500.2%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.2%
RBS Global & Rexnord Corp.4.875% 12/15/20250.2%
General Electric Co.3.103% 04/15/20200.2%
BA Credit Card Trust1.950% 08/15/20220.2%
United Mexican States, MTN4.750% 03/08/20440.2%
Hyundai Capital America3.450% 03/12/20210.2%
JP Morgan Chase Commercial Mortgage Securities Tru4.740% 06/15/20350.2%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.2%
Navient Corp.6.750% 06/25/20250.2%
Trimble Navigation Ltd.4.900% 06/15/20280.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Santander Drive Auto Receivables Trust 2018-34.070% 08/15/20240.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
DKT Finance ApS9.375% 06/17/20230.2%
OCI NV6.625% 04/15/20230.2%
Empresas Publicas de Medellin ESP8.375% 11/08/20270.2%
Goldman Sachs Group, Inc.6.750% 10/01/20370.2%
Calpine Corp.5.500% 02/01/20240.2%
Fibria Overseas Finance Ltd.5.250% 05/12/20240.2%
AMC Networks, Inc.4.750% 08/01/20250.2%
Tesla Motors, Inc.5.300% 08/15/20250.2%
William Carter Co.5.625% 03/15/20270.2%
Credit Index Swap1.000% 12/20/20240.2%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.2%
Berry Petroleum Co.7.000% 02/15/20260.2%
Gray Television, Inc.7.000% 05/15/20270.2%
JP Morgan Chase Commercial Mortgage Securities Tru3.040% 06/15/20320.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
Egypt Government Bond15.700% 11/07/20270.2%
CF Industries, Inc.5.150% 03/15/20340.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
WeWork Cos Inc7.875% 05/01/20250.2%
DISH DBS Corp.7.750% 07/01/20260.2%
Popular, Inc.6.125% 09/14/20230.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Ingevity Corp.4.500% 02/01/20260.2%
Spain Government Bond2.700% 10/31/20480.2%
Penn National Gaming, Inc.5.625% 01/15/20270.2%
Century Communities, Inc.6.750% 06/01/20270.2%
Drive Auto Receivables Trust3.660% 11/15/20240.2%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.2%
Buckeye Partners L.P.6.375% 01/22/20780.2%
JB Poindexter & Co., Inc.7.125% 04/15/20260.2%
BWAY Holding Co.7.250% 04/15/20250.1%
Itron, Inc.5.000% 01/15/20260.1%
EW Scripps Co.5.125% 05/15/20250.1%
MEG Energy Corp.7.000% 03/31/20240.1%
General Electric Co.6.150% 08/07/20370.1%
AmeriCredit Automobile Receivables 2015-43.720% 12/08/20210.1%
Intelsat Jackson Holdings SA5.500% 08/01/20230.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Ashland, Inc.6.875% 05/15/20430.1%
Optiv Sec, Inc.5.049% 02/01/20240.1%
Mattel, Inc.5.450% 11/01/20410.1%
NRG Energy, Inc.5.750% 01/15/20280.1%
Kingdom of Belgium Government Bond1.900% 06/22/20380.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
Navicure Inc5.799% 09/18/20260.1%
New Gold, Inc.6.250% 11/15/20220.1%
Titan Sub LLC6.799% 09/19/20260.1%
Project Boost Purchaser5.638% 05/22/20260.1%
EPR Properties4.950% 04/15/20280.1%
Range Resources Corp.5.000% 08/15/20220.1%
BBCMS 2019-BWAY Mortgage Trust2.696% 11/25/20340.1%
DG Investment Intermediate Holdings 2, Inc. (aka Convergint Technologies Holdings, LLC)4.799% 02/03/20250.1%
United Rentals, Inc.5.500% 05/15/20270.1%
Ancestry.com Inc.5.441% 10/19/20230.1%
Helix Gen Funding, LLC5.549% 06/03/20240.1%
Minotaur Acquisition Inc6.799% 02/27/20260.1%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.1%
Enterprise Development Authority/The12.000% 07/15/20240.1%
Geo Group, Inc.6.000% 04/15/20260.1%
Hayward Acquisition Corp.5.299% 08/05/20240.1%
Forterra, Inc.4.799% 10/25/20230.1%
Hub International Ltd.7.000% 05/01/20260.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 05/01/20270.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
IRB Holding Corp6.750% 02/15/20260.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Cardtronics Inc / Cardtronics USA Inc5.500% 05/01/20250.1%
Match Group, Inc.5.000% 12/15/20270.1%
TIBCO Software, Inc.11.375% 12/01/20210.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Molina Healthcare, Inc.4.875% 06/15/20250.1%
Freeport-McMoRan, Inc.3.875% 03/15/20230.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Genworth Holdings Inc4.900% 08/15/20230.1%
SM Energy Co.6.750% 09/15/20260.1%
BBCMS 2019-BWAY Mortgage Trust3.050% 11/25/20340.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
Peru Government Bond5.400% 08/12/20340.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
Ashtead Capital, Inc.4.250% 11/01/20290.1%
MEG Energy Corp.6.500% 01/15/20250.1%
AHP Health Partners Inc9.750% 07/15/20260.1%
GLP Capital L.P. / GLP Financing II, Inc.5.750% 06/01/20280.1%
Pulte Group, Inc.5.500% 03/01/20260.1%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.1%
CNO Financial Group, Inc.5.250% 05/30/20250.1%
Toll Brothers Finance Corp.4.875% 03/15/20270.1%
Energizer Holdings, Inc.6.375% 07/15/20260.1%
Cloud Crane LLC10.125% 08/01/20240.1%
NGPL Pipeco LLC4.875% 08/15/20270.1%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.1%
Kingdom of Belgium Government Bond1.600% 06/22/20470.1%
Century Communities, Inc.5.875% 07/15/20250.0%
Weight Watchers International, Inc.8.625% 12/01/20250.0%
Clearway Energy Operating LLC5.750% 10/15/20250.0%
Western Digital Corp.4.750% 02/15/20260.0%
Ladder Capital Finance Holdings LLC/Ladder Capital5.250% 10/01/20250.0%
Williams Scotsman International Inc7.875% 12/15/20220.0%
Tronox Inc6.500% 04/15/20260.0%
Buena Vista Gaming Authority13.000% 04/01/20230.0%
Hadrian Merger Sub Inc8.500% 05/01/20260.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Barminco Finance Pty Ltd.6.625% 05/15/20220.0%
Lithia Motors, Inc.4.625% 12/15/20270.0%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.0%
West Street Merger Sub Inc6.375% 09/01/20250.0%
Transocean, Inc.7.250% 11/01/20250.0%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.0%
Rain CII Carbon LLC7.250% 04/01/20250.0%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.0%
Fresh Market, Inc.9.750% 05/01/20230.0%
FX NZD/USD 01/200.000% 01/28/20200.0%
FX COP/USD 01/200.000% 01/27/20200.0%
FX KRW/USD 02/200.000% 02/27/20200.0%
FX CHF/USD 01/200.000% 01/31/20200.0%
FX EUR/USD 03/200.000% 03/09/20200.0%
FX RUB/USD 03/200.000% 03/11/20200.0%
General Electric Co.3.450% 05/15/20240.0%
FX CNH/USD 02/200.000% 02/04/20200.0%
FX EUR/USD 03/200.000% 03/09/20200.0%
FX EUR/USD 03/200.000% 03/09/20200.0%
FX SEK/USD 01/200.000% 01/27/20200.0%
FX GBP/USD 03/200.000% 03/05/20200.0%
FX MXN/USD 03/200.000% 03/17/20200.0%
FX EUR/USD 03/200.000% 03/09/20200.0%
FX EUR/USD 03/200.000% 03/09/20200.0%
FX USD/JPY 01/200.000% 01/31/20200.0%
FX JPY/USD 01/200.000% 01/31/20200.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.0%
FX CAD/USD 03/200.000% 03/05/20200.0%
FX USD/HUF 01/200.000% 01/27/20200.0%
FX AUD/USD 01/200.000% 01/31/20200.0%
FX USD/JPY 01/200.000% 01/31/20200.0%
US 2YR NOTE (CBT) MAR200.000% 04/03/20200.0%
US 5YR NOTE (CBT) MAR200.000% 04/03/20200.0%
FX USD/GBP 03/200.000% 03/05/20200.0%
FX USD/IDR 03/200.000% 03/13/20200.0%
FX USD/THB 01/200.000% 01/27/20200.0%
FX USD/PEN 01/200.000% 01/27/20200.0%
FX USD/TWD 01/200.000% 01/30/20200.0%
FX TRY/USD 01/200.000% 01/24/20200.0%
FX USD/EUR 03/200.000% 03/09/20200.0%
FX USD/BRL 03/200.000% 03/06/20200.0%
FX USD/MYR 02/200.000% 02/06/20200.0%
FX USD/EUR 03/200.000% 03/09/20200.0%
FX USD/ZAR 03/200.000% 03/11/20200.0%
FX USD/AUD 01/200.000% 01/31/20200.0%
FX JPY/USD 01/200.000% 01/31/20200.0%
FX USD/GBP 03/200.000% 03/05/20200.0%

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.

Fees & Expenses

Fees & Expenses

Expense Ratioas of 01/31/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
3.07% 1.08%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
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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
Commentary
Publish Date:11/03/2015

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* Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

 

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.

 

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

 

IMPORTANT INFORMATION

 

New Fund Risk: The Fund is recently organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investment strategy.

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk.  The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance. The fund performance history at this time is very limited; therefore, performance achieved during its initial period of investment operation may not be replicated over longer periods and may not be indicative of how the Fund will perform in the future. Past performance is no guarantee of future results.

 

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.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

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 Bloomberg Barclays Global Aggregate Index provided a broad-based measure of the global investment-grade fixed income markets. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. The Index also includes Eurodollar and Euro-Yen corporate bonds, Candadian government, agency and corporate securities, and USD investment grade 144A securities.

 

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.

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