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Global Bond Fund

Daily price w/o sales charge as of 12/11/2019

$10.15

arrowUp$0.04

YTD Returns w/o sales charge as of 12/11/2019

7.51%

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 12/11/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.76% 0.77%

30-Day Standardized Yield 2 as of 11/30/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.68% 0.00%

Fund Basicsas of 10/31/2019

Total Net Assets
$10.80 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
3.07%
Fund Net Expense Ratio
1.08%
Number of Holdings
288

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 6.68% 7.55% - - - 3.75%
Lipper Category Avg. Global Income Funds 7.43% 8.69% - - - -
Bloomberg Barclays Global Aggregate Index 6.22% 8.37% - - - 4.96%

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 6.50% 5.25% - - - 4.15%
Lipper Category Avg. Global Income Funds 7.49% 7.66% - - - -
Bloomberg Barclays Global Aggregate Index 6.32% 7.60% - - - 5.78%

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

Brooke Fapohunda
Annika 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 6.68% 7.55% - - - 3.75%
Lipper Category Avg. Global Income Funds 7.43% 8.69% - - - -
Bloomberg Barclays Global Aggregate Index 6.22% 8.37% - - - 4.96%

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 6.50% 5.25% - - - 4.15%
Lipper Category Avg. Global Income Funds 7.49% 7.66% - - - -
Bloomberg Barclays Global Aggregate Index 6.32% 7.60% - - - 5.78%

Fund Expense Ratio :

Gross 3.07%

Net 1.08%

Year Fund Returns Bloomberg Barclays Global Aggregate Index
2018 -1.54% -1.20%
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 3.20% 3.28% -0.08% - 7.51%
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
Sovereign Developed
Govt
US Corp High Yield
Non-US Corp High Yield
Currency
MBS Passthrough
ABS
Sovereign Emerging
CMBS
MBS Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 10/31/2019

Rating Assets
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 09/30/2019

  • 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”).
  • During the third quarter, we rotated a portion of the portfolio’s allocation from non-U.S. investment grade corporate bonds to U.S. investment grade bonds, as fears of a recession caused yields to fall globally.  Despite some recent weakening of U.S. economic data, we are supportive of technical factors within the investment grade corporate market and consider liquidity to remain strong. Additionally, we are monitoring the U.S. Federal Reserve’s (“Fed”) actions and believe future accommodative actions will support credit.
  • We reduced the portfolio’s allocation to structured products, particularly exposure to U.S. MBS and U.S. ABS. We increased the portfolio’s allocation to MBS in June, as we found attractive relative-value opportunities given the wider spread levels. As spreads came down and rates rallied, we reduced the portfolio’s allocation, taking profits. Additionally, while we remain constructive on the ABS sector, we consider it fully valued at this time.

Portfolio Details as of 10/31/2019

Total Net Assets
$10.80 M
Number of Issues
288
Average Coupon
3.89%
Average Life
8.11 Years
Average Maturity
8.86 Years
Average Effective Duration
6.15 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 NOV 3.500% 02/01/2049 3.4%
30-YR UMBS-TBA PROD NOV 3.000% 06/01/2049 3.3%
U.S. Treasury Note/Bond 1.500% 10/31/2024 3.1%
U.S. Treasury Note/Bond 2.250% 12/31/2023 2.2%
Country Garden Holdings Co. Ltd. 4.750% 01/17/2023 1.9%
U.S. Treasury Note/Bond 2.750% 11/15/2047 1.6%
U.S. Treasury Note/Bond 2.375% 05/15/2029 1.5%
CPUK Finance Ltd 3.588% 08/28/2025 1.3%
UniCredit S.p.A. 6.950% 10/31/2022 1.2%
Mclaren Finance PLC 5.000% 08/01/2022 1.2%
% of Total Assets 20.7%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD NOV3.500% 02/01/20493.4%
30-YR UMBS-TBA PROD NOV3.000% 06/01/20493.3%
U.S. Treasury Note/Bond1.500% 10/31/20243.1%
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% 11/15/20471.6%
U.S. Treasury Note/Bond2.375% 05/15/20291.5%
CPUK Finance Ltd3.588% 08/28/20251.3%
UniCredit S.p.A.6.950% 10/31/20221.2%
Mclaren Finance PLC5.000% 08/01/20221.2%
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%
Newell Rubbermaid, Inc.3.750% 10/01/20211.1%
Piaggio & C SpA3.625% 04/30/20251.1%
Netflix, Inc.3.875% 11/15/20291.1%
Credit Suisse Group AG1.250% 07/17/20251.1%
Valeant Pharmaceuticals International, Inc.4.500% 05/15/20231.1%
Lincoln Financing SARL3.625% 04/01/20241.1%
Aroundtown SA1.450% 07/09/20281.1%
Ubisoft Entertainment SA1.289% 01/30/20231.1%
Motion Bondco DAC4.500% 11/15/20271.1%
Numericable Group S.A.3.375% 01/15/20281.1%
Carnival plc1.000% 10/28/20291.1%
DH Europe Finance II Sarl0.450% 03/18/20281.0%
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%
U.S. Treasury Note/Bond3.625% 08/15/20431.0%
United Kingdom Gilt1.500% 07/22/20471.0%
American Express Credit Account Master Trust2.670% 10/17/20220.9%
Spain Government Bond4.200% 01/31/20370.9%
Discover Card Execution Note Trust1.900% 10/17/20220.9%
Italy Buoni Poliennali Del Tesoro1.750% 07/01/20240.9%
Ally Master Owner Trust3.300% 07/17/20230.9%
United Kingdom Gilt1.625% 10/22/20280.8%
French Republic Government Bond OAT1.250% 05/25/20360.8%
China Development Bank3.680% 02/26/20260.8%
U.S. Treasury Note/Bond4.500% 02/15/20360.8%
China Development Bank3.480% 01/08/20290.8%
U.S. Treasury Note/Bond2.875% 05/15/20490.8%
Chesapeake Funding II LLC2.284% 08/15/20300.7%
French Republic Government Bond OAT2.000% 05/25/20480.7%
Wells Fargo & Co.3.473% 03/04/20210.7%
Martin Marietta Materials, Inc.2.887% 12/20/20190.7%
EUROFIMA3.900% 12/19/20250.7%
Japan Government Thirty Year Bond0.400% 06/20/20490.7%
BAT International Finance plc6.375% 12/12/20190.6%
ESB Finance DAC6.500% 03/05/20200.6%
OPB Finance Trust2.980% 01/25/20270.6%
African Development Bank Group3.350% 08/08/20280.6%
State of North Rhine-Westphalia Germany1.500% 06/12/20400.5%
Norgeskreditt AS4.250% 06/16/20210.5%
Japan Government Twenty Year Bond1.400% 09/20/20340.5%
United Kingdom Gilt1.750% 09/07/20370.5%
Spain Government Bond1.400% 07/30/20280.5%
Brazil Notas do Tesouro Nacional Serie F10.000% 01/01/20290.5%
Goldman Sachs Group, Inc.5.250% 07/27/20210.5%
Macquarie Bank Ltd.6.625% 04/07/20210.5%
Macquarie Group Ltd.3.763% 11/28/20280.5%
Province of Ontario, Canada2.900% 06/02/20280.5%
BMW US Capital LLC2.000% 11/20/20190.5%
Spain Government Bond1.850% 07/30/20350.5%
Brightsphere Investment Group Inc4.800% 07/27/20260.5%
Indonesia Treasury Bond8.375% 03/15/20240.5%
Japan Government Twenty Year Bond0.400% 03/20/20390.5%
Malaysia Government Bond3.478% 06/14/20240.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
Neuberger Berman Group LLC4.875% 04/15/20450.5%
Southern Power Co2.937% 12/20/20200.5%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.5%
Province of Saskatchewan Canada4.750% 06/01/20400.5%
Santander UK Group Holdings plc3.125% 01/08/20210.5%
Citigroup, Inc.3.710% 03/30/20210.5%
Marathon Petroleum Corp.5.375% 10/01/20220.5%
Morgan Stanley3.458% 01/20/20220.5%
City of Montreal Canada4.250% 12/01/20320.5%
Bank of America Corp.2.369% 07/21/20210.5%
JPMorgan Chase & Co.3.003% 03/09/20210.5%
Drive Auto Receivables Trust3.360% 10/17/20220.5%
United Kingdom Gilt4.250% 12/07/20270.5%
JP Morgan Chase Commercial Mortgage Securities Tru2.914% 06/15/20320.4%
International Finance Corp.4.250% 08/21/20230.4%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
Brazil Letras do Tesouro Nacional0.000% 07/01/20220.4%
Petroleos Mexicanos5.500% 02/24/20250.4%
Valero Energy Corp.10.500% 03/15/20390.4%
United Kingdom Gilt0.750% 07/22/20230.4%
British Telecommunications plc8.625% 03/26/20200.4%
Italy Buoni Poliennali Del Tesoro3.850% 09/01/20490.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
Toronto Hydro Corp3.540% 11/18/20210.4%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.4%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.4%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.4%
Spain Government Bond1.450% 04/30/20290.4%
Telstra Corp., Ltd.7.750% 07/15/20200.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
TransDigm, Inc.6.250% 03/15/20260.3%
Ecopetrol S.A.5.875% 05/28/20450.3%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.3%
Republic of Ireland1.700% 05/15/20370.3%
Origin Energy Finance Ltd.5.450% 10/14/20210.3%
General Motors Co.6.750% 04/01/20460.3%
Continental Resources, Inc.5.000% 09/15/20220.3%
Republic of El Salvador6.375% 01/18/20270.3%
COMM Mortgage Trust4.436% 07/10/20500.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Republic of Turkey7.375% 02/05/20250.3%
Swedbank Hypotek AB1.000% 09/18/20240.3%
Netflix, Inc.5.875% 02/15/20250.3%
Bahamas Government International Bond6.950% 11/20/20290.3%
MPLX L.P.3.002% 09/09/20210.3%
WGL Holdings, Inc.2.925% 11/29/20190.3%
Petroleos Mexicanos5.350% 02/12/20280.3%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.3%
United Kingdom Gilt2.000% 07/22/20200.3%
South Africa Government Bond8.750% 02/28/20480.3%
Puget Energy, Inc.5.625% 07/15/20220.3%
BAT Capital Corp3.398% 08/15/20220.3%
Trimble Navigation Ltd.4.900% 06/15/20280.3%
Numericable Group S.A.7.375% 05/01/20260.3%
Caesars Palace Las Vegas Trust 2017-VICI4.354% 10/15/20340.3%
Hungary Government Bond3.000% 08/21/20300.3%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
RBS Global & Rexnord Corp.4.875% 12/15/20250.2%
COMM Mortgage Trust4.436% 07/10/20500.2%
Patrick Industries, Inc.7.500% 10/15/20270.2%
Newmont Mining Corp.3.700% 03/15/20230.2%
YPF S.A.8.750% 04/04/20240.2%
New Zealand Local Government Funding Agency Bond2.750% 04/15/20250.2%
General Electric Co.3.103% 04/15/20200.2%
BA Credit Card Trust1.950% 08/15/20220.2%
Hyundai Capital America3.450% 03/12/20210.2%
United Mexican States, MTN4.750% 03/08/20440.2%
JP Morgan Chase Commercial Mortgage Securities Tru4.914% 06/15/20350.2%
Empresas Publicas de Medellin ESP8.375% 11/08/20270.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.2%
Embraer Netherlands Finance BV5.050% 06/15/20250.2%
DKT Finance ApS9.375% 06/17/20230.2%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.2%
Santander Drive Auto Receivables Trust 2018-34.070% 08/15/20240.2%
Navient Corp.6.750% 06/25/20250.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Mattel, Inc.6.750% 12/31/20250.2%
Fibria Overseas Finance Ltd.5.250% 05/12/20240.2%
OCI NV6.625% 04/15/20230.2%
Portugal Obrigacoes do Tesouro OT4.100% 02/15/20450.2%
AMC Networks, Inc.4.750% 08/01/20250.2%
Goldman Sachs Group, Inc.6.750% 10/01/20370.2%
Calpine Corp.5.500% 02/01/20240.2%
William Carter Co.5.625% 03/15/20270.2%
Gray Television, Inc.7.000% 05/15/20270.2%
Tesla Motors, Inc.5.300% 08/15/20250.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
WeWork Cos Inc7.875% 05/01/20250.2%
Egypt Government Bond15.700% 11/07/20270.2%
General Electric Co.6.150% 08/07/20370.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.2%
Popular, Inc.6.125% 09/14/20230.2%
CF Industries, Inc.5.150% 03/15/20340.2%
Spain Government Bond2.700% 10/31/20480.2%
DISH DBS Corp.7.750% 07/01/20260.2%
Century Communities, Inc.6.750% 06/01/20270.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Ingevity Corp.4.500% 02/01/20260.2%
Intelsat Jackson Holdings SA5.500% 08/01/20230.2%
Drive Auto Receivables Trust3.660% 11/15/20240.2%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
Itron, Inc.5.000% 01/15/20260.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
JB Poindexter & Co., Inc.7.125% 04/15/20260.1%
Synchrony Credit Card Master Note Trust3.470% 05/15/20260.1%
EW Scripps Co.5.125% 05/15/20250.1%
BWAY Holding Co.7.250% 04/15/20250.1%
AmeriCredit Automobile Receivables 2015-43.720% 12/08/20210.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
FX JPY/USD 01/200.000% 01/31/20200.1%
BBA US Holdings Inc4.000% 03/01/20280.1%
Ashland, Inc.6.875% 05/15/20430.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Kingdom of Belgium Government Bond1.900% 06/22/20380.1%
New Gold, Inc.6.250% 11/15/20220.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
NRG Energy, Inc.5.750% 01/15/20280.1%
EPR Properties4.950% 04/15/20280.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 05/01/20270.1%
TIBCO Software, Inc.11.375% 12/01/20210.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons6.625% 06/15/20240.1%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.1%
United Rentals, Inc.5.500% 05/15/20270.1%
Match Group, Inc.5.000% 12/15/20270.1%
Hub International Ltd.7.000% 05/01/20260.1%
Cardtronics Inc / Cardtronics USA Inc5.500% 05/01/20250.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Republic of Peru6.350% 08/12/20280.1%
Range Resources Corp.5.000% 08/15/20220.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
Molina Healthcare, Inc.4.875% 06/15/20250.1%
Transocean Poseidon Ltd6.875% 02/01/20270.1%
Community Health Systems, Inc.8.000% 11/15/20190.1%
IRB Holding Corp6.750% 02/15/20260.1%
Freeport-McMoRan, Inc.3.875% 03/15/20230.1%
Enterprise Development Authority/The12.000% 07/15/20240.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Geo Group, Inc.6.000% 04/15/20260.1%
Genworth Holdings Inc4.900% 08/15/20230.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
SM Energy Co.6.750% 09/15/20260.1%
Ashtead Capital, Inc.4.250% 11/01/20290.1%
MEG Energy Corp.6.500% 01/15/20250.1%
GLP Capital L.P. / GLP Financing II, Inc.5.750% 06/01/20280.1%
Pulte Group, Inc.5.500% 03/01/20260.1%
CNO Financial Group, Inc.5.250% 05/30/20250.1%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.1%
Kingdom of Belgium Government Bond1.600% 06/22/20470.1%
AHP Health Partners Inc9.750% 07/15/20260.1%
Toll Brothers Finance Corp.4.875% 03/15/20270.1%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.1%
NGPL Pipeco LLC4.875% 08/15/20270.1%
Energizer Holdings, Inc.6.375% 07/15/20260.1%
Cloud Crane LLC10.125% 08/01/20240.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
Weight Watchers International, Inc.8.625% 12/01/20250.1%
Century Communities, Inc.5.875% 07/15/20250.1%
Barminco Finance Pty Ltd.6.625% 05/15/20220.0%
Buena Vista Gaming Authority13.000% 04/01/20230.0%
CSL Capital, LLC8.250% 10/15/20230.0%
Clearway Energy Operating LLC5.750% 10/15/20250.0%
Western Digital Corp.4.750% 02/15/20260.0%
Hadrian Merger Sub Inc8.500% 05/01/20260.0%
Ladder Capital Finance Holdings LLC/Ladder Capital5.250% 10/01/20250.0%
Rain CII Carbon LLC7.250% 04/01/20250.0%
West Street Merger Sub Inc6.375% 09/01/20250.0%
Plains All American Pipeline L.P.6.125% 12/31/20990.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.0%
Fresh Market, Inc.9.750% 05/01/20230.0%
FX KRW/USD 11/190.000% 11/29/20190.0%
Bristow Group, Inc.8.750% 03/01/20230.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.0%
Credit Index Swap1.000% 12/20/20240.0%
FX GBP/USD 12/190.000% 12/11/20190.0%
FX EUR/USD 12/190.000% 12/09/20190.0%
General Electric Co.3.450% 05/15/20240.0%
General Electric Co.3.100% 01/09/20230.0%
FX USD/ZAR 12/190.000% 12/11/20190.0%
FX CHF/USD 01/200.000% 01/31/20200.0%
FX MXN/USD 12/190.000% 12/13/20190.0%
FX TRY/USD 01/200.000% 01/24/20200.0%
FX CAD/USD 12/190.000% 12/18/20190.0%
FX RUB/USD 12/190.000% 12/11/20190.0%
FX EUR/USD 12/190.000% 12/09/20190.0%
FX COP/USD 01/200.000% 01/27/20200.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
FX USD/IDR 12/190.000% 12/17/20190.0%
US 2YR NOTE (CBT) DEC190.000% 01/06/20200.0%
US 5YR NOTE (CBT) DEC190.000% 01/06/20200.0%
FX SEK/USD 01/200.000% 01/27/20200.0%
FX USD/PEN 01/200.000% 01/27/20200.0%
FX CNH/USD 02/200.000% 02/04/20200.0%
FX NZD/USD 01/200.000% 01/28/20200.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
FX USD/HUF 01/200.000% 01/27/20200.0%
FX USD/CAD 12/190.000% 12/18/20190.0%
FX USD/TWD 01/200.000% 01/30/20200.0%
FX USD/THB 01/200.000% 01/27/20200.0%
FX USD/BRL 12/190.000% 12/10/20190.0%
FX USD/JPY 01/200.000% 01/31/20200.0%
FX USD/AUD 01/200.000% 01/31/20200.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
FX USD/MYR 11/190.000% 11/07/20190.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
FX USD/GBP 12/190.000% 12/11/2019-0.2%

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 11/30/2019

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
Publish Date:11/03/2015
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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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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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