LAGGX | Global Bond Fund Class A | Lord Abbett

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Global Bond Fund

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Daily price w/o sales charge as of 07/01/2022

$8.22

arrowUp$0.02

YTD Returns w/o sales charge as of 07/01/2022

-15.50%

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 07/01/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.48% 0.48%

30-Day Standardized Yield 2 as of 05/31/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.32% 1.42%

Fund Basicsas of 05/31/2022

Total Net Assets
$10.56 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
3.08%
Fund Net Expense Ratio
1.08%
Number of Holdings
322

Fund Expense Ratio :

Gross 3.08%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -15.71% -17.30% -3.79% - - -1.71%
Lipper Category Avg. Global Income Funds - - - - - -
Bloomberg Global Aggregate Index -13.92% -15.25% -3.22% - - -1.01%

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

Fund Expense Ratio :

Gross 3.08%

Net 1.08%

Fund Expense Ratio :

Gross 3.08%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -15.71% -17.30% -3.79% - - -1.71%
Lipper Category Avg. Global Income Funds - - - - - -
Bloomberg Global Aggregate Index -13.92% -15.25% -3.22% - - -1.01%

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

Fund Expense Ratio :

Gross 3.08%

Net 1.08%

Investment Team

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

Partner & Portfolio Manager

21 Years of Industry Experience

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

Partner & Portfolio Manager

24 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

21 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

28 Years of Industry Experience

Annika M. Lombardi
Annika M. Lombardi

Managing Director, Portfolio Manager

15 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 3.08%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -15.71% -17.30% -3.79% - - -1.71%
Lipper Category Avg. Global Income Funds - - - - - -
Bloomberg Global Aggregate Index -13.92% -15.25% -3.22% - - -1.01%

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

Fund Expense Ratio :

Gross 3.08%

Net 1.08%

Fund Expense Ratio :

Gross 3.08%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -15.71% -17.30% -3.79% - - -1.71%
Lipper Category Avg. Global Income Funds - - - - - -
Bloomberg Global Aggregate Index -13.92% -15.25% -3.22% - - -1.01%

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

Fund Expense Ratio :

Gross 3.08%

Net 1.08%

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 for future results.

Year Fund Returns Bloomberg Global Aggregate Index
2021 -3.23% -4.71%
2020 7.75% 9.20%
2019 8.00% 6.84%
2018 -1.54% -1.20%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -6.31% -10.03% - - -15.50%
2021 -3.37% 2.07% -0.98% -0.92% -3.23%
2020 -7.82% 6.33% 4.23% 5.47% 7.75%
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
Sovereign Developed
US Corp High Grade
Currency
Non-US Corp High Grade
Sovereign Emerging
US Corp High Yield
Govt
Non-US Corp High Yield
ABS
MBS Passthrough
CMBS
US Bank Loan High Yield
CLO
MBS Other
Municipals
US Bank Loan High Grade
Non-US Bank Loan High Yield
Agency
Convertibles
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 05/31/2022

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 05/31/2022

Total Net Assets
$10.56 M
Number of Issues
322
Average Coupon
2.96%
Average Life
7.08 Years
Average Maturity
9.16 Years
Average Effective Duration
5.24 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
Japan Treasury Discount Bill 0.000% 08/08/2022 3.3%
United States Treasury Note/Bond 2.375% 02/15/2042 2.3%
China Development Bank 3.090% 06/18/2030 1.9%
Egypt Government International Bond 4.550% 11/20/2023 1.8%
Galaxy Pipeline Assets Bidco Ltd 1.750% 09/30/2027 1.6%
Dominican Republic International Bond 5.500% 02/22/2029 1.4%
Asian Development Bank 1.460% 04/06/2027 1.3%
United States Treasury Note/Bond 2.250% 02/15/2052 1.3%
AA Bond Co Ltd 2.750% 07/31/2043 1.2%
Pinewood Finance Co Ltd 3.250% 09/30/2025 1.1%
% of Total Assets 17.2%
Holding Coupon Maturity Assets
Japan Treasury Discount Bill0.000% 08/08/20223.3%
United States Treasury Note/Bond2.375% 02/15/20422.3%
China Development Bank3.090% 06/18/20301.9%
Egypt Government International Bond4.550% 11/20/20231.8%
Galaxy Pipeline Assets Bidco Ltd1.750% 09/30/20271.6%
Dominican Republic International Bond5.500% 02/22/20291.4%
Asian Development Bank1.460% 04/06/20271.3%
United States Treasury Note/Bond2.250% 02/15/20521.3%
AA Bond Co Ltd2.750% 07/31/20431.2%
Pinewood Finance Co Ltd3.250% 09/30/20251.1%
Punch Finance PLC6.125% 06/30/20261.1%
Canary Wharf Group Investment Holdings PLC2.625% 04/23/20251.1%
Comcast Corp1.500% 02/20/20291.1%
Schneider Electric SE1.841% 10/13/20251.0%
Getlink SE3.500% 10/30/20251.0%
Colombia Government International Bond3.875% 03/22/20261.0%
Spain Government Bond0.000% 01/31/20281.0%
Japan Government Ten Year Bond0.100% 12/20/20311.0%
Fannie Mae Pool3.000% 10/01/20501.0%
Bundesrepublik Deutschland Bundesanleihe0.000% 02/15/20321.0%
Japan Bank for International Cooperation1.500% 06/01/20291.0%
PartnerRe Ireland Finance DAC1.250% 09/15/20261.0%
United States Treasury Inflation Indexed Bonds0.125% 01/15/20321.0%
AT&T Inc2.875% 05/01/21711.0%
Lorca Telecom Bondco SA4.000% 09/18/20271.0%
Perimeter Master Note Business Trust4.230% 05/15/20241.0%
Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd2.550% 05/15/20371.0%
Vivion Investments Sarl3.000% 08/08/20240.9%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.9%
LeasePlan Corp NV0.250% 02/23/20260.9%
Venture 33 CLO Ltd2.104% 07/15/20310.9%
VERDE CLO Ltd2.144% 04/15/20320.9%
Life Mortgage Trust US2.095% 05/15/20390.9%
China Development Bank3.070% 03/10/20300.9%
PCF GmbH4.750% 04/15/20260.9%
30-YR UMBS-TBA PROD JUL3.500% 04/01/20520.9%
China Development Bank3.680% 02/26/20260.9%
Ren Finance BV0.500% 04/16/20290.9%
Hamburger Hochbahn AG0.125% 02/24/20310.9%
Cellnex Telecom SA1.875% 06/26/20290.9%
United Group BV5.250% 02/01/20300.9%
Action Logement Services0.500% 10/30/20340.8%
Mondelez International Holdings Netherlands BV0.625% 09/09/20320.8%
United States Treasury Inflation Indexed Bonds0.125% 02/15/20520.8%
Aqua Finance Trust 2021-A3.140% 07/17/20460.8%
Indonesia Government International Bond1.300% 03/23/20340.8%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.8%
Province of Ontario Canada1.050% 04/14/20260.8%
United States Treasury Note/Bond2.500% 03/31/20270.8%
Lendmark Funding Trust 2021-23.090% 04/20/20320.8%
UNITED STATES TREASURY NOTE/BO2.750% 04/30/20270.8%
Bank of America Corp2.687% 04/22/20320.8%
Inter-American Development Bank0.940% 02/10/20260.8%
Kreditanstalt fuer Wiederaufbau0.375% 07/18/20250.7%
Province of Alberta Canada2.050% 06/01/20300.7%
GoodLeap Sustainable Home Solutions Trust 2022-12.700% 01/20/20490.7%
JPMorgan Chase & Co2.580% 04/22/20320.6%
International Finance Corp0.529% 06/30/20230.6%
Colombian TES7.500% 08/26/20260.6%
Intercontinental Exchange Inc4.000% 09/15/20270.5%
Turkey Government International Bond7.375% 02/05/20250.5%
Queensland Treasury Corp3.250% 07/21/20260.5%
30-YR UMBS-TBA PROD JUL4.500% 04/01/20520.5%
30-YR UMBS-TBA PROD JUL4.000% 04/01/20520.5%
ME Funding LLC 2019-16.448% 07/30/20490.5%
United Kingdom Gilt1.500% 07/22/20470.4%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.4%
Province of Saskatchewan Canada4.750% 06/01/20400.4%
Citigroup Inc2.561% 05/01/20320.4%
Southern Co/The0.000% 08/01/20240.4%
Goldman Sachs Group Inc/The0.627% 11/17/20230.4%
Queensland Treasury Corp1.500% 03/02/20320.4%
30-YR GNMA II-TBA PROD JUL4.000% 04/01/20520.4%
Verus Securitization Trust 2020-51.218% 05/25/20650.4%
International Bank for Reconstruction & Development1.078% 11/22/20280.4%
30-YR GNMA II-TBA PROD JUL3.500% 04/01/20520.4%
International Finance Corp0.375% 09/10/20250.4%
Ford Motor Co3.250% 02/12/20320.3%
Morgan Stanley2.484% 09/16/20360.3%
UnitedHealth Group Inc4.000% 05/15/20290.3%
Tennessee Valley Authority1.500% 09/15/20310.3%
CSAIL 2016-C7 Commercial Mortgage Trust4.381% 11/15/20490.3%
Capital One Financial Corp4.166% 05/09/20250.3%
China Government Bond3.860% 07/22/20490.3%
Great Wolf Trust 2019-WOLF1.909% 12/15/20360.3%
Inter-American Investment Corp2.625% 04/22/20250.3%
COMM 2015-PC1 Mortgage Trust4.304% 07/10/20500.3%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.3%
Charter Communications Operating LLC / Charter Communications Operating Capital6.484% 10/23/20450.3%
Gazprom PJSC via Gaz Finance PLC1.500% 02/17/20270.3%
International Bank for Reconstruction & Development1.132% 02/11/20310.3%
Burlington Northern Santa Fe LLC0.000% 01/15/20530.3%
French Republic Government Bond OAT0.750% 05/25/20520.3%
Ally Financial Inc8.000% 11/01/20310.3%
Glencore Funding LLC4.875% 03/12/20290.3%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20520.3%
Freddie Mac STACR REMIC Trust 2021-DNA62.084% 10/25/20410.3%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.3%
Constellation Energy Generation LLC6.250% 10/01/20390.3%
EQT Corp7.500% 02/01/20300.3%
Cargill Inc4.000% 06/22/20320.3%
Ecopetrol SA4.625% 11/02/20310.2%
30-YR GNMA II-TBA PROD JUL4.500% 08/01/20510.2%
United Kingdom Gilt0.875% 07/31/20330.2%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.2%
COMM 2015-PC1 Mortgage Trust4.304% 07/10/20500.2%
Petroleos Mexicanos6.700% 02/16/20320.2%
Metropolitan Transportation Authority6.668% 11/15/20390.2%
IPALCO Enterprises Inc4.250% 05/01/20300.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Freeport-McMoRan Inc4.375% 08/01/20280.2%
New York City Transitional Finance Authority Future Tax Secured Revenue1.950% 08/01/20340.2%
Wells Fargo & Co3.350% 03/02/20330.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
International Bank for Reconstruction & Development0.250% 01/29/20290.2%
JPMorgan Chase & Co2.963% 01/25/20330.2%
Blackstone Mortgage Trust Inc3.750% 01/15/20270.2%
Neighborly Issuer 2022-13.695% 01/30/20520.2%
Morgan Stanley2.239% 07/21/20320.2%
Southwestern Energy Co3.301% 06/22/20270.2%
General Motors Co6.750% 04/01/20460.2%
Centene Corp4.250% 12/15/20270.2%
Goldman Sachs Group Inc/The2.383% 07/21/20320.2%
NGPL PipeCo LLC3.250% 07/15/20310.2%
Republic of South Africa Government Bond8.750% 02/28/20480.2%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.2%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.2%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.2%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.2%
FirstEnergy Corp4.400% 07/15/20270.2%
CCS-CMGC Holdings Inc6.560% 10/01/20250.2%
Occidental Petroleum Corp6.125% 01/01/20310.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Aircastle Ltd2.850% 01/26/20280.2%
Southwestern Energy Co5.375% 02/01/20290.2%
Gray Television Inc3.800% 12/01/20280.2%
Freeport LNG Investments LLLP4.563% 12/21/20280.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.2%
Spain Government Bond1.000% 07/30/20420.2%
Petroleos Mexicanos6.750% 09/21/20470.2%
Continental Resources Inc/OK5.750% 01/15/20310.2%
Armor Holdco Inc5.203% 12/11/20280.2%
Jazz Financing Lux Sarl4.560% 04/21/20280.2%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.2%
Glencore Funding LLC2.850% 04/27/20310.2%
Civitas Resources Inc5.000% 10/15/20260.2%
Cobham Ultra US Co-Borrower LLC0.000% 11/17/20280.2%
Royal Caribbean Cruises Ltd9.125% 06/15/20230.2%
Imprivata Inc4.810% 12/01/20270.2%
AL NGPL Holdings LLC4.750% 04/14/20280.2%
Netflix Inc5.875% 02/15/20250.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
R1 RCM INC0.000% 05/11/20290.1%
Vertex Aerospace Services Corp5.060% 12/06/20280.1%
Goldman Sachs Group Inc/The2.615% 04/22/20320.1%
EQT Corp5.000% 01/15/20290.1%
Physicians Realty LP2.625% 11/01/20310.1%
Centennial Resource Production LLC5.375% 01/15/20260.1%
FactSet Research Systems Inc3.450% 03/01/20320.1%
Range Resources Corp8.250% 01/15/20290.1%
Ovintiv Inc6.500% 02/01/20380.1%
SUNSHINE INVESTMENTS B V0.000% 04/21/20290.1%
Frontier Communications Holdings LLC5.000% 05/01/20280.1%
Owens & Minor Inc6.625% 04/01/20300.1%
Nabors Industries Ltd7.250% 01/15/20260.1%
SCIENTIFIC GAMES INTL INC.3.882% 04/14/20290.1%
Centene Corp3.375% 02/15/20300.1%
Dell International LLC / EMC Corp3.375% 12/15/20410.1%
TransDigm Inc4.625% 01/15/20290.1%
American Airlines Group Inc3.750% 03/01/20250.1%
AG Issuer LLC6.250% 03/01/20280.1%
Petrobras Global Finance BV5.600% 01/03/20310.1%
FX JPY/USD 08/220.000% 08/17/20220.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
Buckeye Partners LP6.375% 01/22/20780.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Netflix Inc5.875% 11/15/20280.1%
Gulfport Energy Corp8.000% 05/17/20260.1%
FX USD/GBP 06/220.000% 06/07/20220.1%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.1%
Comstock Resources Inc6.750% 03/01/20290.1%
Australia Government Bond3.000% 03/21/20470.1%
Weatherford International Ltd8.625% 04/30/20300.1%
Life Time Inc5.750% 01/15/20260.1%
MEG Energy Corp7.125% 02/01/20270.1%
Sylvamo Corp7.000% 09/01/20290.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
Callon Petroleum Co8.000% 08/01/20280.1%
Lucid Energy Group II Borrower LLC5.256% 11/24/20280.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.1%
Wyndham Hotels & Resorts Inc4.375% 08/15/20280.1%
Century Aluminum Co7.500% 04/01/20280.1%
Colgate Energy Partners III LLC7.750% 02/15/20260.1%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
United States Steel Corp6.650% 06/01/20370.1%
Ball Corp2.875% 08/15/20300.1%
Popular Inc6.125% 09/14/20230.1%
Allspring Buyer LLC4.313% 11/01/20280.1%
WMG Acquisition Corp3.750% 12/01/20290.1%
Atkore Inc4.250% 06/01/20310.1%
Staples Inc7.500% 04/15/20260.1%
Go Daddy Operating Co LLC / GD Finance Co Inc3.500% 03/01/20290.1%
Avantor Funding Inc3.875% 11/01/20290.1%
Charles River Laboratories International Inc4.000% 03/15/20310.1%
Kaiser Aluminum Corp4.625% 03/01/20280.1%
KUEHG Corp4.756% 02/21/20250.1%
Affinity Gaming6.875% 12/15/20270.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
Cinemark USA Inc5.250% 07/15/20280.1%
Standard Industries Inc/NJ4.375% 07/15/20300.1%
Option Care Health Inc4.375% 10/31/20290.1%
ModivCare Escrow Issuer Inc5.000% 10/01/20290.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
Mozart Debt Merger Sub Inc3.875% 04/01/20290.1%
MSCI Inc3.625% 11/01/20310.1%
Hertz Corp/The5.000% 12/01/20290.1%
Kennedy-Wilson Inc4.750% 02/01/20300.1%
ECL ENTERTAINMENT LLC8.560% 05/01/20280.1%
CEC Entertainment LLC6.750% 05/01/20260.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Condor Merger Sub Inc7.375% 02/15/20300.1%
Assurant Inc2.650% 01/15/20320.1%
Calpine Corp3.560% 12/16/20270.1%
ELEMENT MAT TEC GR US HLD INC0.000% 04/12/20290.1%
Laredo Petroleum Inc9.500% 01/15/20250.1%
NEXUS BUYER LLC7.095% 10/29/20290.1%
ROBLOX Corp3.875% 05/01/20300.1%
Cushman & Wakefield US Borrower LLC3.810% 08/21/20250.1%
Murphy Oil USA Inc4.750% 09/15/20290.1%
United Airlines Inc4.375% 04/15/20260.1%
BBCMS 2019-BWAY Mortgage Trust1.831% 11/15/20340.1%
Entegris Inc3.625% 05/01/20290.1%
Ashland LLC6.875% 05/15/20430.1%
PARKWAY GENERATION LLC0.000% 02/18/20290.1%
ZipRecruiter Inc5.000% 01/15/20300.1%
IEA Energy Services LLC6.625% 08/15/20290.1%
Surgery Center Holdings Inc4.600% 08/31/20260.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.1%
THE ENTERPRISE DEVLOPMT ATHRTY5.310% 02/28/20280.1%
Venture Global Calcasieu Pass LLC4.125% 08/15/20310.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Penn National Gaming Inc5.625% 01/15/20270.1%
Calpine Corp5.125% 03/15/20280.1%
Navient Corp6.750% 06/25/20250.1%
Oceaneering International Inc6.000% 02/01/20280.1%
SM Energy Co6.750% 09/15/20260.1%
Bombardier Inc6.000% 02/15/20280.1%
Clear Channel Outdoor Holdings Inc7.750% 04/15/20280.1%
Citigroup Inc4.140% 05/24/20250.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.500% 10/20/20250.1%
Edgewater Generation LLC4.810% 12/13/20250.1%
Scientific Games Holdings LP4.175% 04/04/20290.1%
CHS/Community Health Systems Inc4.750% 02/15/20310.1%
VENGA FINANCE SARL0.000% 12/04/20280.1%
Madison IAQ LLC5.875% 06/30/20290.1%
Peraton Corp8.594% 02/01/20290.1%
BBCMS 2019-BWAY Mortgage Trust2.185% 11/15/20340.1%
Coinbase Global Inc3.375% 10/01/20280.1%
MIWD Holdco II LLC / MIWD Finance Corp5.500% 02/01/20300.1%
Party City Holdings Inc8.750% 02/15/20260.1%
Cubic Corp5.825% 05/25/20280.1%
Reverb Buyer Inc4.506% 11/01/20280.1%
Enphase Energy Inc0.000% 03/01/20260.1%
Park River Holdings Inc5.625% 02/01/20290.1%
SolarEdge Technologies Inc0.000% 09/15/20250.1%
Twilio Inc3.875% 03/15/20310.1%
Sunrun Inc0.000% 02/01/20260.1%
Twilio Inc3.625% 03/15/20290.1%
Red Planet Borrower LLC4.756% 10/02/20280.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Dell International LLC / EMC Corp8.350% 07/15/20460.1%
EQT Corp3.625% 05/15/20310.1%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.0%
SM Energy Co5.625% 06/01/20250.0%
30-YR GNMA II-TBA PROD JUN4.500% 08/01/20510.0%
Suzano Austria GmbH3.125% 01/15/20320.0%
Navient Corp5.000% 03/15/20270.0%
FX BRL/USD 06/220.000% 06/14/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
FX BRL/USD 06/220.000% 06/14/20220.0%
FX KRW/USD 08/220.000% 08/04/20220.0%
Cubic Corp5.000% 05/25/20280.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX MXN/USD 06/220.000% 06/21/20220.0%
FX USD/INR 06/220.000% 06/07/20220.0%
FX AUD/USD 08/220.000% 08/26/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
Credit Index Swap1.000% 06/20/20270.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
US 5YR NOTE (CBT) Sep220.000% 10/05/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
ICEBOX HOLDCO III INC.4.756% 12/22/20280.0%
Interest Rate Swap0.026% 11/30/20260.0%
FX JPY/USD 08/220.000% 08/08/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
Reverb Buyer Inc0.035% 11/01/20280.0%
US 2YR NOTE (CBT) Sep220.000% 10/05/20220.0%
ELEMNT MAT TECH GRP US HOL INC0.000% 06/30/20290.0%
FX IDR/USD 06/220.000% 06/07/20220.0%
FX CAD/USD 07/220.000% 07/20/20220.0%
FX SEK/USD 07/220.000% 07/21/20220.0%
FX CHF/USD 07/220.000% 07/21/20220.0%
FX NOK/USD 06/220.000% 06/14/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX CLP/USD 06/220.000% 06/07/20220.0%
FX USD/CNH 07/220.000% 07/21/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
FX USD/KRW 08/220.000% 08/04/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX USD/JPY 08/220.000% 08/08/2022-0.1%
FX CNH/USD 07/220.000% 07/21/2022-0.1%

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 05/31/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
3.08% 1.08%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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Annual Report
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*"Barron's Best Fund Families of 2021", #4 ranking in the Taxable Bond category based on the net total return of the one-year period ending 12/31/2021, among 51 qualifying fund families. Ranking for the ten-year period ending 12/31/2021 is #2 out of 45 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2021,” February 18, 2022. Barron’s rankings are based on asset weighted returns in funds in five categories: general 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, 2021, 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 2020 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.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2022. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. 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 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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