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Global Bond Fund

Daily price w/o sales charge as of 08/04/2020

$10.20

arrowUp$0.03

YTD Returns w/o sales charge as of 08/04/2020

2.48%

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 08/04/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.74% 0.49%

30-Day Standardized Yield 2 as of 06/30/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.09% 0.45%

Fund Basicsas of 06/30/2020

Total Net Assets
$10.73 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
3.33%
Fund Net Expense Ratio
1.08%
Number of Holdings
357

Fund Expense Ratio :

Gross 3.33%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 2.16% 3.88% - - - 4.22%
Lipper Category Avg. Global Income Funds - - - - - -
Bloomberg Barclays Global Aggregate Index 6.27% 7.85% - - - 6.78%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 3.33%

Net 1.08%

Fund Expense Ratio :

Gross 3.33%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -1.98% -0.68% - - - 2.18%
Lipper Category Avg. Global Income Funds 1.51% 3.24% - - - -
Bloomberg Barclays Global Aggregate Index 2.98% 4.22% - - - 5.35%

Fund Expense Ratio :

Gross 3.33%

Net 1.08%

Investment Team

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

Partner & Portfolio Manager

19 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

19 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Annika M. Lombardi
Annika M. Lombardi

Portfolio Manager

13 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 3.33%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 2.16% 3.88% - - - 4.22%
Lipper Category Avg. Global Income Funds - - - - - -
Bloomberg Barclays Global Aggregate Index 6.27% 7.85% - - - 6.78%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 3.33%

Net 1.08%

Fund Expense Ratio :

Gross 3.33%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -1.98% -0.68% - - - 2.18%
Lipper Category Avg. Global Income Funds 1.51% 3.24% - - - -
Bloomberg Barclays Global Aggregate Index 2.98% 4.22% - - - 5.35%

Fund Expense Ratio :

Gross 3.33%

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 -7.82% 6.33% - - 2.48%
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
US Corp High Grade
Non-US Corp High Grade
US Corp High Yield
Sovereign Developed
Currency
Non-US Corp High Yield
ABS
MBS Passthrough
Sovereign Emerging
MBS Other
CMBS
Govt
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 06/30/2020

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 Details as of 06/30/2020

Total Net Assets
$10.73 M
Number of Issues
357
Average Coupon
3.85%
Average Life
7.92 Years
Average Maturity
10.35 Years
Average Effective Duration
6.47 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 JUL 4.000% 04/01/2047 3.0%
Country Garden Holdings Co. Ltd. 4.750% 01/17/2023 2.0%
Federal National Mortgage Assoc. 3.500% 09/01/2047 1.8%
China Development Bank 3.480% 01/08/2029 1.5%
Japan Government Twenty Year Bond 2.100% 12/20/2029 1.3%
China Development Bank 3.420% 07/02/2024 1.3%
UniCredit S.p.A. 6.950% 10/31/2022 1.2%
Comcast Corp. 1.500% 02/20/2029 1.2%
Kerry Group Financial Services Unltd Co 2.375% 09/10/2025 1.2%
CPUK Finance Ltd 3.588% 08/28/2025 1.2%
% of Total Assets 15.7%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD JUL4.000% 04/01/20473.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20232.0%
Federal National Mortgage Assoc.3.500% 09/01/20471.8%
China Development Bank3.480% 01/08/20291.5%
Japan Government Twenty Year Bond2.100% 12/20/20291.3%
China Development Bank3.420% 07/02/20241.3%
UniCredit S.p.A.6.950% 10/31/20221.2%
Comcast Corp.1.500% 02/20/20291.2%
Kerry Group Financial Services Unltd Co2.375% 09/10/20251.2%
CPUK Finance Ltd3.588% 08/28/20251.2%
Pinewood Finance Co Ltd3.250% 09/30/20251.2%
Netflix, Inc.3.875% 11/15/20291.1%
Bacardi Ltd.2.750% 07/03/20231.1%
U.S. Treasury Note/Bond3.625% 08/15/20431.1%
AA Bond Co Ltd2.750% 07/31/20231.1%
Newell Rubbermaid, Inc.3.750% 10/01/20211.1%
Credit Suisse Group AG1.250% 07/17/20251.1%
Cassa Depositi e Prestiti SpA1.500% 04/09/20251.1%
Euroclear Bank SA0.500% 07/10/20231.1%
Ubisoft Entertainment SA1.289% 01/30/20231.1%
Aroundtown SA1.450% 07/09/20281.1%
CeramTec BondCo GmbH5.250% 12/15/20251.1%
Japan Government Two Year Bond0.100% 02/01/20221.1%
United Kingdom Gilt1.500% 07/22/20471.0%
Fairstone Financial Issuance Trust I3.948% 03/21/20331.0%
International Business Machines Corp.1.200% 02/11/20401.0%
Japan Government Twenty Year Bond1.400% 09/20/20341.0%
AT&T, Inc.2.875% 02/18/21701.0%
Dometic Group AB3.000% 05/08/20261.0%
RCS & RDS SA3.250% 02/05/20281.0%
Q-Park Holding I BV2.000% 03/01/20271.0%
Wingstop Funding 2018-1 LLC4.970% 12/05/20481.0%
Lloyds Bank plc6.500% 09/14/20201.0%
Hyundai Floorplan Master Owner Trust2.680% 04/15/20241.0%
Perimeter Master Note Business Trust4.230% 05/15/20241.0%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.9%
Trillium Credit Card Trust II0.530% 09/26/20230.9%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.9%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.9%
Spain Government Bond4.200% 01/31/20370.9%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.9%
U.S. Treasury Note/Bond4.500% 02/15/20360.9%
Intrum Justitia AB3.000% 09/15/20270.9%
Verus Securitization Trust 2020-12.417% 01/25/20600.9%
Mclaren Finance PLC5.000% 08/01/20220.8%
China Development Bank3.680% 02/26/20260.8%
30-YR UMBS-TBA PROD JUL3.000% 10/01/20450.7%
Credit Index Swap1.000% 06/20/20250.7%
Cigna Corp1.493% 09/17/20210.7%
Bundesrepublik Deutschland Bundesanleihe0.000% 02/15/20300.7%
Japan Government Thirty Year Bond0.400% 06/20/20490.6%
Cox Communications, Inc.8.375% 03/01/20390.6%
CVS Caremark Corp.3.875% 07/20/20250.5%
French Republic Government Bond OAT2.000% 05/25/20480.5%
Chesapeake Funding II LLC0.555% 08/15/20300.5%
Brazil Notas do Tesouro Nacional Serie F10.000% 01/01/20290.5%
AmeriCredit Automobile Receivables Trust 2020-11.480% 01/21/20250.5%
Macquarie Group Ltd.3.763% 11/28/20280.5%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.5%
Macquarie Bank Ltd.6.625% 04/07/20210.5%
Biogen Idec, Inc.2.250% 05/01/20300.5%
Province of Saskatchewan Canada4.750% 06/01/20400.5%
Marathon Petroleum Corp.5.375% 10/01/20220.5%
City of Montreal Canada4.250% 12/01/20320.5%
Bank of America Corp.2.369% 07/21/20210.5%
Brightsphere Investment Group Inc4.800% 07/27/20260.5%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.5%
Anheuser-Busch InBev Worldwide, Inc.3.500% 06/01/20300.4%
ME Funding LLC 2019-16.448% 07/30/20490.4%
Upjohn Inc2.300% 06/22/20270.4%
Italy Buoni Poliennali Del Tesoro1.750% 07/01/20240.4%
JP Morgan Chase Commercial Mortgage Securities Tru1.185% 06/15/20320.4%
Spain Government Bond1.450% 04/30/20290.4%
Toronto Hydro Corp3.540% 11/18/20210.4%
Owens Corning3.875% 06/01/20300.4%
U.S. Treasury Note/Bond1.250% 05/15/20500.4%
Neuberger Berman Group LLC4.875% 04/15/20450.4%
Ameren Corp.3.500% 01/15/20310.3%
HCA, Inc.5.250% 04/15/20250.3%
Telstra Corp., Ltd.7.750% 07/15/20200.3%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.3%
Origin Energy Finance Ltd.5.450% 10/14/20210.3%
French Republic Government Bond OAT4.500% 04/25/20410.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
Italy Buoni Poliennali Del Tesoro1.350% 04/01/20300.3%
Continental Resources, Inc.5.000% 09/15/20220.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Dell International LLC / EMC Corp.8.350% 07/15/20460.3%
Sprint Capital Corp.6.875% 11/15/20280.3%
Netflix, Inc.5.875% 02/15/20250.3%
Great Wolf Trust 2019-WOLF1.219% 12/15/20360.3%
Ecopetrol S.A.5.875% 05/28/20450.3%
China Government Bond3.860% 07/22/20490.3%
MPLX L.P.1.899% 09/09/20210.3%
Boeing Co.4.875% 05/01/20250.3%
United Technologies Corp.2.250% 07/01/20300.3%
Boston Scientific Corp.2.650% 06/01/20300.3%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.3%
French Republic Government Bond OAT1.500% 05/25/20500.3%
AstraZeneca plc3.375% 11/16/20250.3%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.3%
BAT Capital Corp2.572% 08/15/20220.3%
Carnival Corp.11.500% 04/01/20230.3%
Boston Scientific Corp.3.450% 03/01/20240.3%
Numericable Group S.A.7.375% 05/01/20260.3%
Toyota Motor Credit Corp.2.900% 03/30/20230.3%
Patrick Industries, Inc.7.500% 10/15/20270.2%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.2%
Hewlett Packard Enterprise Co.0.998% 03/12/20210.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.2%
Boeing Co.5.040% 05/01/20270.2%
General Motors Co.6.750% 04/01/20460.2%
Valero Energy Corp.10.500% 03/15/20390.2%
CSAIL 2016-C7 Commercial Mortgage Trust4.533% 11/15/20490.2%
Centene Corp.3.375% 02/15/20300.2%
Hyundai Capital America3.450% 03/12/20210.2%
Ford Motor Co.9.625% 04/22/20300.2%
COMM Mortgage Trust4.577% 07/10/20500.2%
Trimble Navigation Ltd.4.900% 06/15/20280.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
Goldman Sachs Group, Inc.6.750% 10/01/20370.2%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.2%
Newell Rubbermaid, Inc.5.875% 04/01/20360.2%
MEDNAX, Inc.6.250% 01/15/20270.2%
NRG Energy, Inc.5.750% 01/15/20280.2%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.2%
Core & Main LP6.125% 08/15/20250.2%
Tenet Healthcare Corp.6.250% 02/01/20270.2%
Teva Pharmaceutical Finance Netherlands III BV2.800% 07/21/20230.2%
NVR, Inc.3.000% 05/15/20300.2%
ESH Hospitality, Inc.4.625% 10/01/20270.2%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.2%
Anthem, Inc.2.250% 05/15/20300.2%
Fibria Overseas Finance Ltd.5.250% 05/12/20240.2%
COMM Mortgage Trust4.577% 07/10/20500.2%
NXP BV / NXP Funding LLC / NXP USA Inc3.150% 05/01/20270.2%
Broadcom Inc3.150% 11/15/20250.2%
Penn National Gaming, Inc.5.625% 01/15/20270.2%
Xylem, Inc.1.950% 01/30/20280.2%
Garda World Security Corp4.625% 02/15/20270.2%
AMC Networks, Inc.4.750% 08/01/20250.2%
Cargill Inc2.125% 04/23/20300.2%
Snap-on, Inc.3.100% 05/01/20500.2%
Empresas Publicas de Medellin ESP8.375% 11/08/20270.2%
Navient Corp.6.750% 06/25/20250.2%
Stryker Corp.1.950% 06/15/20300.2%
Continental Resources, Inc.3.800% 06/01/20240.2%
Parsley Energy LLC5.625% 10/15/20270.2%
AT&T, Inc.4.300% 02/15/20300.2%
William Carter Co.5.625% 03/15/20270.2%
South Africa Government Bond8.750% 02/28/20480.2%
IHeart Communications, Inc.8.375% 05/01/20270.2%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.2%
JP Morgan Chase Commercial Mortgage Securities Tru3.350% 06/15/20350.2%
Visa, Inc.1.900% 04/15/20270.2%
Bundesrepublik Deutschland Bundesanleihe1.250% 08/15/20480.2%
New Gold, Inc.7.500% 07/15/20270.2%
Gray Television, Inc.7.000% 05/15/20270.2%
DISH DBS Corp.7.750% 07/01/20260.2%
CF Industries, Inc.5.150% 03/15/20340.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
Seven Generations Energy Ltd.5.375% 09/30/20250.2%
Presidio Holdings Inc4.875% 02/01/20270.2%
Bank of America Corp.4.000% 01/22/20250.2%
Australian Government3.000% 03/21/20470.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Popular, Inc.6.125% 09/14/20230.2%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.2%
Western Gas Partners L.P.3.100% 02/01/20250.2%
TransDigm, Inc.6.250% 03/15/20260.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.485% 06/15/20320.2%
Mattel, Inc.5.450% 11/01/20410.2%
Buckeye Partners L.P.6.375% 01/22/20780.2%
Ingevity Corp.4.500% 02/01/20260.2%
General Motors Co.6.125% 10/01/20250.1%
CIT Group, Inc.5.250% 03/07/20250.1%
Occidental Petroleum Corp.2.700% 02/15/20230.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.1%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.1%
JB Poindexter & Co., Inc.7.125% 04/15/20260.1%
PayPal Holdings, Inc.3.250% 06/01/20500.1%
Itron, Inc.5.000% 01/15/20260.1%
World Financial Network Credit Card Master Trust2.210% 07/15/20260.1%
Century Communities, Inc.6.750% 06/01/20270.1%
PetSmart, Inc.5.875% 06/01/20250.1%
Transocean Phoenix 2 Ltd.7.750% 10/15/20240.1%
Global Payments, Inc.2.900% 05/15/20300.1%
EW Scripps Co.5.125% 05/15/20250.1%
Intuit, Inc.1.350% 07/15/20270.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
UnitedHealth Group, Inc.2.900% 05/15/20500.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
Goldman Sachs Group, Inc.3.500% 04/01/20250.1%
Amazon.com, Inc.2.500% 06/03/20500.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Petrobras Global Finance BV5.600% 01/03/20310.1%
Leidos, Inc.7.125% 07/01/20320.1%
IDEX Corp.3.000% 05/01/20300.1%
MEG Energy Corp.7.125% 02/01/20270.1%
Rite Aid Corp.6.125% 04/01/20230.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
AmeriCredit Automobile Receivables 2015-43.720% 12/08/20210.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
Ashland, Inc.6.875% 05/15/20430.1%
Clearway Energy Operating LLC4.750% 03/15/20280.1%
United Natural Foods Inc4.428% 10/22/20250.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
New Gold, Inc.6.250% 11/15/20220.1%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.1%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
Kraft Heinz Foods Co.4.625% 01/30/20290.1%
Match Group, Inc.4.125% 08/01/20300.1%
Playtika Holding Corp7.072% 12/03/20240.1%
Zayo Group Holdings, Inc.6.125% 03/01/20280.1%
Kraft Heinz Foods Co.4.375% 06/01/20460.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
WPX Energy, Inc.5.750% 06/01/20260.1%
Valeant Pharmaceuticals International, Inc.5.250% 01/30/20300.1%
BBCMS 2019-BWAY Mortgage Trust1.141% 11/25/20340.1%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.1%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.1%
LifePoint Hospitals, Inc.4.375% 02/15/20270.1%
XPO Logistics, Inc.6.250% 05/01/20250.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.1%
United Rentals, Inc.5.500% 05/15/20270.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 05/01/20270.1%
GrubHub Holdings Inc5.500% 07/01/20270.1%
Hayward Acquisition Corp.3.678% 08/05/20240.1%
Exelon Corp.4.050% 04/15/20300.1%
United Rentals, Inc.4.875% 01/15/20280.1%
LifePoint Hospitals, Inc.6.750% 04/15/20250.1%
Adient US LLC7.000% 05/15/20260.1%
Masonite International Corp.5.375% 02/01/20280.1%
Match Group, Inc.5.000% 12/15/20270.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
Select Medical Corp.6.250% 08/15/20260.1%
Baxter International, Inc.3.750% 10/01/20250.1%
Quicken Loans LLC5.750% 05/01/20250.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
Uber Technologies Inc8.000% 11/01/20260.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Picasso Finance Sub Inc6.125% 06/15/20250.1%
Community Health Systems, Inc.8.625% 01/15/20240.1%
Griffon Corp.5.750% 03/01/20280.1%
RBS Global & Rexnord Corp.4.875% 12/15/20250.1%
Block Communications, Inc.4.875% 03/01/20280.1%
Calpine Corp.5.125% 03/15/20280.1%
Live Nation Entertainment, Inc.4.875% 11/01/20240.1%
Macy's, Inc.8.375% 06/15/20250.1%
Royal Caribbean Cruises Ltd.9.125% 06/15/20230.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
Beazer Homes USA, Inc.7.250% 10/15/20290.1%
Lower Cadence Holdings L4.178% 05/08/20260.1%
Mattamy Group Corp.4.625% 03/01/20300.1%
Colt Merger Sub Inc8.125% 07/01/20270.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Spectacle Gary Holdings, LLC11.000% 10/17/20240.1%
Twin River Worldwide Holdings Inc6.750% 06/01/20270.1%
BBCMS 2019-BWAY Mortgage Trust1.495% 11/25/20340.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
NCL Corp. Ltd.12.250% 05/15/20240.1%
Credit Index Swap5.000% 06/20/20250.1%
Enterprise Development Authority/The12.000% 07/15/20240.1%
Springleaf Finance Corp.5.375% 11/15/20290.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
General Electric Co.6.150% 08/07/20370.1%
NEP/NCP Holdco Inc3.428% 10/05/20250.1%
Murphy Oil Corp.5.875% 12/01/20270.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 02/15/20280.1%
Spain Government Bond2.700% 10/31/20480.1%
Hecla Mining Co.7.250% 02/15/20280.1%
BorgWarner, Inc.2.650% 07/01/20270.1%
Winnebago Industries, Inc.6.250% 07/15/20280.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Leidos, Inc.4.375% 05/15/20300.1%
Builders FirstSource, Inc.5.000% 03/01/20300.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Republic of Peru2.392% 01/23/20260.1%
Presidio Holdings Inc8.250% 02/01/20280.1%
Fresh Market, Inc.9.750% 05/01/20230.1%
TRI Pointe Homes LLC5.700% 06/15/20280.1%
AG Issuer LLC6.250% 03/01/20280.1%
NGPL Pipeco LLC4.875% 08/15/20270.1%
Pulte Group, Inc.5.500% 03/01/20260.1%
GLP Capital L.P. / GLP Financing II, Inc.5.750% 06/01/20280.1%
Navistar International Corp.9.500% 05/01/20250.1%
Toll Brothers Finance Corp.4.875% 03/15/20270.1%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.1%
AHP Health Partners Inc9.750% 07/15/20260.1%
Western Digital Corp.4.750% 02/15/20260.0%
Clearway Energy Operating LLC5.750% 10/15/20250.0%
SM Energy Co.6.750% 09/15/20260.0%
Weight Watchers International, Inc.8.625% 12/01/20250.0%
Cloud Crane LLC10.125% 08/01/20240.0%
Century Communities, Inc.5.875% 07/15/20250.0%
American Axle & Manufacturing, Inc.6.250% 04/01/20250.0%
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%
Navient Corp.5.875% 10/25/20240.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Hadrian Merger Sub Inc8.500% 05/01/20260.0%
Buena Vista Gaming Authority13.000% 04/01/20230.0%
Navient Corp.5.000% 03/15/20270.0%
D.R. Horton, Inc.2.600% 10/15/20250.0%
Citgo Holding, Inc.9.250% 08/01/20240.0%
Carrier Global Corp3.577% 04/05/20500.0%
Churchill Downs, Inc.4.750% 01/15/20280.0%
FX AUD/USD 07/200.000% 07/31/20200.0%
TerraForm Power Operating LLC4.750% 01/15/20300.0%
FX USD/GBP 09/200.000% 09/08/20200.0%
WPX Energy, Inc.8.250% 08/01/20230.0%
AutoNation, Inc.4.750% 06/01/20300.0%
FX KRW/USD 08/200.000% 08/24/20200.0%
FX USD/PEN 07/200.000% 07/22/20200.0%
FX CHF/USD 07/200.000% 07/31/20200.0%
Leidos, Inc.5.500% 07/01/20330.0%
FX THB/USD 07/200.000% 07/29/20200.0%
FX NZD/USD 07/200.000% 07/29/20200.0%
Spectacle Gary Holding11.000% 11/07/20250.0%
FX USD/ZAR 09/200.000% 09/11/20200.0%
FX AUD/USD 07/200.000% 07/31/20200.0%
FX CNY/USD 08/200.000% 08/07/20200.0%
FX CNY/USD 08/200.000% 08/07/20200.0%
FX CAD/USD 09/200.000% 09/15/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
Tapstone Energy Holdings III, LLC0.000% 06/01/20220.0%
FX USD/CAD 09/200.000% 09/03/20200.0%
FX USD/BRL 09/200.000% 09/02/20200.0%
US 10YR ULTRA FUT SEP200.000% 09/30/20200.0%
US 5YR NOTE (CBT) SEP200.000% 10/05/20200.0%
US ULTRA BOND CBT SEP200.000% 09/30/20200.0%
EURO-BOBL FUT Sep200.000% 09/10/20200.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp0.000% -0.0%
FX USD/CNY 08/200.000% 08/07/20200.0%
FX JPY/USD 07/200.000% 07/30/20200.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
FX USD/TWD 07/200.000% 07/17/20200.0%
FX RUB/USD 09/200.000% 09/10/20200.0%
FX RUB/USD 09/200.000% 09/03/20200.0%
FX ZAR/AUD 08/200.000% 08/28/20200.0%
FX NOK/USD 09/200.000% 09/11/20200.0%
FX USD/THB 07/200.000% 07/29/20200.0%
FX MXN/USD 09/200.000% 09/18/20200.0%
FX USD/CAD 07/200.000% 07/20/20200.0%
FX JPY/USD 08/200.000% 08/03/2020-0.1%

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 06/30/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
3.33% 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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SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
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Publish Date:11/03/2015
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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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