LAGGX | Global Bond Fund Class A | Lord Abbett
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Global Bond Fund

Daily price w/o sales charge as of 10/27/2020

$10.24

arrowUp$0.02

YTD Returns w/o sales charge as of 10/27/2020

3.45%

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 10/27/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.38% 0.13%

30-Day Standardized Yield 2 as of 09/30/2020  

1.53%

Fund Basicsas of 09/30/2020

Total Net Assets
$15.24 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
3.33%
Fund Net Expense Ratio
1.08%
Number of Holdings
399

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% 3.60% - - - 3.89%
Lipper Category Avg. Global Income Funds 4.10% 4.82% - - - -
Bloomberg Barclays Global Aggregate Index 5.72% 6.24% - - - 5.99%

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 2.16% 3.60% - - - 3.89%
Lipper Category Avg. Global Income Funds 4.10% 4.82% - - - -
Bloomberg Barclays Global Aggregate Index 5.72% 6.24% - - - 5.99%

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 & Co-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% 3.60% - - - 3.89%
Lipper Category Avg. Global Income Funds 4.10% 4.82% - - - -
Bloomberg Barclays Global Aggregate Index 5.72% 6.24% - - - 5.99%

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 2.16% 3.60% - - - 3.89%
Lipper Category Avg. Global Income Funds 4.10% 4.82% - - - -
Bloomberg Barclays Global Aggregate Index 5.72% 6.24% - - - 5.99%

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% 4.23% - 3.45%
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
Currency
US Corp High Yield
Non-US Corp High Grade
US Corp High Grade
Sovereign Developed
Govt
Non-US Corp High Yield
MBS Passthrough
Sovereign Emerging
ABS
MBS Other
CMBS
US Bank Loan High Yield
Municipals
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 09/30/2020

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 09/30/2020

Total Net Assets
$15.24 M
Number of Issues
399
Average Coupon
3.64%
Average Life
8.12 Years
Average Maturity
10.11 Years
Average Effective Duration
6.13 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 OCT 4.000% 07/01/2047 5.3%
United States Treasury Bill 0.000% 11/12/2020 3.0%
Prosus NV 3.680% 01/21/2030 1.4%
U.S. Treasury Note/Bond 0.250% 07/31/2025 1.4%
Country Garden Holdings Co. Ltd. 4.750% 01/17/2023 1.4%
U.S. Treasury Note/Bond 3.625% 08/15/2043 1.4%
Egypt Government International Bond 4.550% 11/20/2023 1.4%
Federal National Mortgage Assoc. 3.500% 09/01/2047 1.2%
China Development Bank 3.480% 01/08/2029 1.1%
Italy Buoni Poliennali Del Tesoro 1.850% 07/01/2025 1.0%
% of Total Assets 18.6%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD SEP4.000% 06/01/20475.3%
United States Treasury Bill0.000% 11/12/20203.0%
Prosus NV3.680% 01/21/20301.4%
U.S. Treasury Note/Bond0.250% 07/31/20251.4%
Country Garden Holdings Co. Ltd.4.750% 01/17/20231.4%
Egypt Government International Bond4.550% 11/20/20231.4%
U.S. Treasury Note/Bond3.625% 08/15/20431.3%
Federal National Mortgage Assoc.3.500% 09/01/20471.2%
China Development Bank3.480% 01/08/20291.1%
Italy Buoni Poliennali Del Tesoro1.850% 07/01/20251.0%
Republic of Indonesia6.625% 02/17/20370.9%
UniCredit S.p.A.6.950% 10/31/20220.9%
Japan Government Twenty Year Bond2.100% 12/20/20290.9%
Comcast Corp.1.500% 02/20/20290.9%
Pinewood Finance Co Ltd3.250% 09/30/20250.9%
CPUK Finance Ltd3.588% 08/28/20250.9%
Kerry Group Financial Services Unltd Co2.375% 09/10/20250.9%
Netflix, Inc.3.875% 11/15/20290.9%
AA Bond Co Ltd2.750% 07/31/20230.9%
China Development Bank3.420% 07/02/20240.9%
Spain Government Bond1.250% 10/31/20300.9%
Deutsche Telekom International Finance1.375% 01/30/20270.9%
Signify NV2.375% 05/11/20270.8%
Vertical Holdco GmbH6.625% 07/15/20280.8%
Eurofins Scientific SE2.125% 07/25/20240.8%
PartnerRe Ireland Finance DAC1.250% 09/15/20260.8%
Cassa Depositi e Prestiti SpA1.500% 04/09/20250.8%
Newell Rubbermaid, Inc.3.750% 10/01/20210.8%
Credit Suisse Group AG1.250% 07/17/20250.8%
Societe Nationale SNCF SA0.625% 04/17/20300.8%
Ubisoft Entertainment SA1.289% 01/30/20230.8%
Euroclear Bank SA0.500% 07/10/20230.8%
WEPA Hygieneprodukte GmbH2.875% 12/15/20270.8%
Dometic Group AB3.000% 05/08/20260.8%
Aroundtown SA1.450% 07/09/20280.8%
International Business Machines Corp.1.200% 02/11/20400.8%
AT&T, Inc.2.875% 02/18/21700.8%
CeramTec BondCo GmbH5.250% 12/15/20250.8%
Alstom SA0.250% 10/14/20260.8%
RCS & RDS SA3.250% 02/05/20280.8%
Fairstone Financial Issuance Trust I3.948% 03/21/20330.8%
Mclaren Finance PLC5.000% 08/01/20220.7%
Q-Park Holding I BV2.000% 03/01/20270.7%
United Kingdom Gilt1.500% 07/22/20470.7%
Ukraine Government7.750% 09/01/20240.7%
Japan Government Twenty Year Bond1.400% 09/20/20340.7%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.7%
Spain Government Bond4.200% 01/31/20370.7%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.7%
Lloyds Bank plc6.500% 09/14/20200.7%
CPS Auto Receivables Trust 2019-A3.890% 12/16/20240.7%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.7%
Perimeter Master Note Business Trust4.230% 05/15/20240.7%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.7%
U.S. Treasury Note/Bond1.375% 08/15/20500.7%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.7%
Trillium Credit Card Trust II0.524% 09/26/20230.7%
U.S. Treasury Note/Bond1.125% 05/15/20400.6%
U.S. Treasury Note/Bond4.500% 02/15/20360.6%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.6%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.6%
China Development Bank3.070% 03/10/20300.6%
China Development Bank3.680% 02/26/20260.6%
Verus Securitization Trust 2020-12.417% 01/25/20600.6%
Credit Index Swap1.000% 06/20/20250.6%
30-YR UMBS-TBA PROD SEP3.500% 02/01/20470.6%
Province of Alberta Canada2.050% 06/01/20300.5%
AT&T, Inc.4.300% 02/15/20300.5%
Wells Fargo & Co.2.393% 06/02/20280.5%
European Investment Bank2.375% 05/24/20270.5%
European Bank for Reconstruction & Development1.625% 09/27/20240.5%
Bundesrepublik Deutschland Bundesanleihe0.000% 02/15/20300.5%
Asian Development Bank3.125% 09/26/20280.5%
Broadcom Inc3.150% 11/15/20250.5%
Tesla Auto Lease Trust 2020-A0.680% 12/20/20230.5%
Cigna Corp1.493% 09/17/20210.5%
JPMorgan Chase & Co.3.960% 01/29/20270.5%
Morgan Stanley4.431% 01/23/20300.5%
Bank of America Corp.3.593% 07/21/20280.4%
Japan Government Thirty Year Bond0.400% 06/20/20490.4%
Anthem, Inc.2.250% 05/15/20300.4%
NVR, Inc.3.000% 05/15/20300.4%
Portugal Obrigacoes do Tesouro OT4.100% 02/15/20450.4%
French Republic Government Bond OAT2.000% 05/25/20480.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
CVS Caremark Corp.3.875% 07/20/20250.4%
Citigroup, Inc.3.668% 07/24/20280.4%
Macquarie Group Ltd.3.763% 11/28/20280.4%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.4%
City of Montreal Canada4.250% 12/01/20320.4%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.4%
Province of Saskatchewan Canada4.750% 06/01/20400.4%
Macquarie Bank Ltd.6.625% 04/07/20210.4%
Biogen Idec, Inc.2.250% 05/01/20300.3%
Brazil Notas do Tesouro Nacional Serie F10.000% 01/01/20290.3%
Brightsphere Investment Group Inc4.800% 07/27/20260.3%
U.S. Treasury Note/Bond1.250% 05/15/20500.3%
Chesapeake Funding II LLC0.532% 08/15/20300.3%
Marathon Petroleum Corp.5.375% 10/01/20220.3%
General Motors Co.6.750% 04/01/20460.3%
Conn's Receivables Funding 2019-B LLC2.660% 06/17/20240.3%
Roper Industries, Inc.1.400% 09/15/20270.3%
Peru Government Bond6.950% 08/12/20310.3%
Italy Buoni Poliennali Del Tesoro1.750% 07/01/20240.3%
ME Funding LLC 2019-16.448% 07/30/20490.3%
Spain Government Bond1.450% 04/30/20290.3%
Toronto Hydro Corp3.540% 11/18/20210.3%
Owens Corning3.875% 06/01/20300.3%
HCA, Inc.5.500% 06/15/20470.3%
Ford Motor Co.9.625% 04/22/20300.3%
Neuberger Berman Group LLC4.875% 04/15/20450.3%
Regeneron Pharmaceuticals, Inc.1.750% 09/15/20300.2%
Italy Buoni Poliennali Del Tesoro1.350% 04/01/20300.2%
Ameren Corp.3.500% 01/15/20310.2%
French Republic Government Bond OAT4.500% 04/25/20410.2%
HCA, Inc.5.250% 04/15/20250.2%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.162% 06/15/20320.2%
Australian Government2.750% 05/21/20410.2%
Sprint Capital Corp.6.875% 11/15/20280.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
Ecopetrol S.A.5.875% 05/28/20450.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Netflix, Inc.5.875% 02/15/20250.2%
Kraft Heinz Foods Co.4.375% 06/01/20460.2%
Dell International LLC / EMC Corp.8.350% 07/15/20460.2%
Federal National Mortgage Assoc.4.000% 01/01/20480.2%
Great Wolf Trust 2019-WOLF1.196% 12/15/20360.2%
Summit Materials LLC5.250% 01/15/20290.2%
DISH DBS Corp.7.750% 07/01/20260.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.2%
Occidental Petroleum Corp.2.700% 02/15/20230.2%
Tronox Inc6.500% 05/01/20250.2%
CD&R Smokey Buyer Inc6.750% 07/15/20250.2%
MPLX L.P.1.899% 09/09/20210.2%
Boston Scientific Corp.2.650% 06/01/20300.2%
French Republic Government Bond OAT1.500% 05/25/20500.2%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.2%
China Government Bond3.860% 07/22/20490.2%
Boeing Co.4.875% 05/01/20250.2%
United Technologies Corp.2.250% 07/01/20300.2%
Carnival Corp.11.500% 04/01/20230.2%
AstraZeneca plc3.375% 11/16/20250.2%
Patrick Industries, Inc.7.500% 10/15/20270.2%
BAT Capital Corp1.272% 08/15/20220.2%
Boston Scientific Corp.3.450% 03/01/20240.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
COMM Mortgage Trust4.530% 07/10/20500.2%
CSAIL 2016-C7 Commercial Mortgage Trust4.533% 11/15/20490.2%
Hewlett Packard Enterprise Co.0.998% 03/12/20210.2%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.2%
Boeing Co.5.040% 05/01/20270.2%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.2%
Hyundai Capital America3.450% 03/12/20210.2%
AbbVie, Inc.4.250% 11/21/20490.2%
Trimble Navigation Ltd.4.900% 06/15/20280.2%
Springleaf Finance Corp.5.375% 11/15/20290.2%
COMM Mortgage Trust4.530% 07/10/20500.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
GrubHub Holdings Inc5.500% 07/01/20270.2%
Murphy Oil USA, Inc.4.750% 09/15/20290.2%
Newell Rubbermaid, Inc.5.875% 04/01/20360.2%
Adient US LLC7.000% 05/15/20260.2%
Griffon Corp.5.750% 03/01/20280.2%
Calpine Corp.5.125% 03/15/20280.2%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Tenet Healthcare Corp.5.125% 11/01/20270.1%
MEDNAX, Inc.6.250% 01/15/20270.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
BX Trust 2019-OC113.202% 12/09/20410.1%
Goldman Sachs Group, Inc.6.750% 10/01/20370.1%
Pattern Energy Operations LP / Pattern Energy Oper4.500% 08/15/20280.1%
Tenet Healthcare Corp.6.250% 02/01/20270.1%
HealthSouth Corp.4.750% 02/01/20300.1%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.1%
NRG Energy, Inc.5.750% 01/15/20280.1%
DaVita, Inc.3.750% 02/15/20310.1%
Core & Main LP6.125% 08/15/20250.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
Teva Pharmaceutical Finance Netherlands III BV2.800% 07/21/20230.1%
Navient Corp.6.750% 06/25/20250.1%
Fibria Overseas Finance Ltd.5.250% 05/12/20240.1%
Ball Corp.2.875% 08/15/20300.1%
NXP BV / NXP Funding LLC / NXP USA Inc3.150% 05/01/20270.1%
AMC Networks, Inc.4.750% 08/01/20250.1%
Garda World Security Corp4.625% 02/15/20270.1%
Snap-on, Inc.3.100% 05/01/20500.1%
Cargill Inc2.125% 04/23/20300.1%
Continental Resources, Inc.3.800% 06/01/20240.1%
William Carter Co.5.625% 03/15/20270.1%
Stryker Corp.1.950% 06/15/20300.1%
CF Industries, Inc.5.150% 03/15/20340.1%
Watco Cos. LLC / Watco Finance Corp.6.500% 06/15/20270.1%
Seven Generations Energy Ltd.5.375% 09/30/20250.1%
New Gold, Inc.7.500% 07/15/20270.1%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Bundesrepublik Deutschland Bundesanleihe1.250% 08/15/20480.1%
South Africa Government Bond8.750% 02/28/20480.1%
Mattel, Inc.5.450% 11/01/20410.1%
Australian Government3.000% 03/21/20470.1%
Popular, Inc.6.125% 09/14/20230.1%
Presidio Holdings Inc4.875% 02/01/20270.1%
Forterra Finance LLC / FRTA Finance Corp6.500% 07/15/20250.1%
Western Gas Partners L.P.4.100% 02/01/20250.1%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.1%
Bank of America Corp.4.000% 01/22/20250.1%
CIT Group, Inc.5.250% 03/07/20250.1%
ServiceNow, Inc.1.400% 09/01/20300.1%
General Motors Co.6.125% 10/01/20250.1%
Sirius XM Radio, Inc.5.500% 07/01/20290.1%
Century Communities, Inc.6.750% 06/01/20270.1%
JB Poindexter & Co., Inc.7.125% 04/15/20260.1%
Ingevity Corp.4.500% 02/01/20260.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Pike Corp5.500% 09/01/20280.1%
Hartford Cnty Metro Dist, CT2.562% 04/01/20390.1%
Royal Caribbean Cruises Ltd.9.125% 06/15/20230.1%
PayPal Holdings, Inc.3.250% 06/01/20500.1%
Range Resources Corp.9.250% 02/01/20260.1%
Nationstar Mortgage Holdings, Inc.5.500% 08/15/20280.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.462% 06/15/20320.1%
Allied Universal Holdco LLC / Allied Universal Fin9.750% 07/15/20270.1%
PetSmart, Inc.5.875% 06/01/20250.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
Centene Corp.3.375% 02/15/20300.1%
Banff Merger Sub Inc9.750% 09/01/20260.1%
Itron, Inc.5.000% 01/15/20260.1%
PTC, Inc.4.000% 02/15/20280.1%
Logan Merger Sub Inc5.500% 09/01/20270.1%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.1%
FMG Finance Pty Ltd.4.500% 09/15/20270.1%
BY Crown Parent LLC / BY Bond Finance Inc4.250% 01/31/20260.1%
Chemours Co.5.375% 05/15/20270.1%
Cenovus Energy, Inc.5.375% 07/15/20250.1%
Emergent Biosolutions, Inc.3.875% 08/15/20280.1%
Illuminate Buyer LLC / Illuminate Holdings IV Inc9.000% 07/01/20280.1%
Fresh Market, Inc.9.750% 05/01/20230.1%
Navistar International Corp.9.500% 05/01/20250.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
Global Payments, Inc.2.900% 05/15/20300.1%
TransDigm, Inc.6.250% 03/15/20260.1%
Twin River Worldwide Holdings Inc6.750% 06/01/20270.1%
EW Scripps Co.5.125% 05/15/20250.1%
Winnebago Industries, Inc.6.250% 07/15/20280.1%
Colt Merger Sub Inc8.125% 07/01/20270.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
LGI Homes, Inc.6.875% 07/15/20260.1%
AG Issuer LLC6.250% 03/01/20280.1%
FX EUR/USD 09/200.000% 09/04/20200.1%
Petrobras Global Finance BV5.600% 01/03/20310.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
Match Group Holdings II LLC4.125% 08/01/20300.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
MEG Energy Corp.7.125% 02/01/20270.1%
Goldman Sachs Group, Inc.3.500% 04/01/20250.1%
Leidos, Inc.7.125% 07/01/20320.1%
IDEX Corp.3.000% 05/01/20300.1%
Amazon.com, Inc.2.500% 06/03/20500.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Ashland, Inc.6.875% 05/15/20430.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.1%
Clearway Energy Operating LLC4.750% 03/15/20280.1%
Quicken Loans LLC5.250% 01/15/20280.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.1%
Netflix, Inc.4.875% 06/15/20300.1%
Zayo Group Holdings, Inc.6.125% 03/01/20280.1%
United Natural Foods Inc4.406% 10/22/20250.1%
Parsley Energy LLC5.625% 10/15/20270.1%
Gap, Inc.8.875% 05/15/20270.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.1%
WPX Energy, Inc.5.750% 06/01/20260.1%
Kraft Heinz Foods Co.4.625% 01/30/20290.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Williams Scotsman International Inc4.625% 08/15/20280.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
LifePoint Hospitals, Inc.6.750% 04/15/20250.1%
Beazer Homes USA, Inc.7.250% 10/15/20290.1%
LifePoint Hospitals, Inc.4.375% 02/15/20270.1%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.1%
Playtika Holding Corp7.072% 12/03/20240.1%
XPO Logistics, Inc.6.250% 05/01/20250.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Picasso Finance Sub Inc6.125% 06/15/20250.1%
Select Medical Corp.6.250% 08/15/20260.1%
Masonite International Corp.5.375% 02/01/20280.1%
BBCMS 2019-BWAY Mortgage Trust1.118% 11/25/20340.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 05/01/20270.1%
Hayward Acquisition Corp.3.656% 08/05/20240.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
Block Communications, Inc.4.875% 03/01/20280.1%
Mattamy Group Corp.4.625% 03/01/20300.1%
NCL Corp. Ltd.12.250% 05/15/20240.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
Lower Cadence Holdings L4.156% 05/08/20260.1%
Enterprise Development Authority/The12.000% 07/15/20240.1%
Spectacle Gary Holdings, LLC11.000% 10/17/20240.1%
Murphy Oil Corp.5.875% 12/01/20270.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.1%
BBCMS 2019-BWAY Mortgage Trust1.472% 11/25/20340.1%
Freeport-McMoRan, Inc.4.375% 08/01/20280.1%
NEP/NCP Holdco Inc3.406% 10/05/20250.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Rite Aid Corp.8.000% 11/15/20260.1%
Activision Blizzard, Inc.1.350% 09/15/20300.1%
Taylor Morrison Communities Inc5.125% 08/01/20300.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Spain Government Bond2.700% 10/31/20480.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 02/15/20280.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Builders FirstSource, Inc.5.000% 03/01/20300.1%
Radiology Partners Inc9.250% 02/01/20280.0%
BorgWarner, Inc.2.650% 07/01/20270.0%
Leidos, Inc.4.375% 05/15/20300.0%
TRI Pointe Homes LLC5.700% 06/15/20280.0%
Presidio Holdings Inc8.250% 02/01/20280.0%
Republic of Peru2.392% 01/23/20260.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
Pulte Group, Inc.5.500% 03/01/20260.0%
GLP Capital L.P. / GLP Financing II, Inc.5.750% 06/01/20280.0%
Toll Brothers Finance Corp.4.875% 03/15/20270.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
FX CAD/USD 09/200.000% 09/15/20200.0%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.0%
AHP Health Partners Inc9.750% 07/15/20260.0%
NGPL Pipeco LLC4.875% 08/15/20270.0%
Clearway Energy Operating LLC5.750% 10/15/20250.0%
Match Group Holdings II LLC5.000% 12/15/20270.0%
Lithia Motors, Inc.4.625% 12/15/20270.0%
Navient Corp.5.875% 10/25/20240.0%
Century Communities, Inc.5.875% 07/15/20250.0%
SM Energy Co.6.750% 09/15/20260.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Navient Corp.5.000% 03/15/20270.0%
FX GBP/USD 09/200.000% 09/08/20200.0%
Hadrian Merger Sub Inc8.500% 05/01/20260.0%
FX CNY/USD 10/200.000% 10/30/20200.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
D.R. Horton, Inc.2.600% 10/15/20250.0%
Carrier Global Corp3.577% 04/05/20500.0%
Churchill Downs, Inc.4.750% 01/15/20280.0%
Citgo Holding, Inc.9.250% 08/01/20240.0%
FX NOK/USD 09/200.000% 09/11/20200.0%
FX SEK/USD 10/200.000% 10/15/20200.0%
AutoNation, Inc.4.750% 06/01/20300.0%
FX AUD/USD 10/200.000% 10/30/20200.0%
WPX Energy, Inc.8.250% 08/01/20230.0%
FX CAD/USD 10/200.000% 10/20/20200.0%
FX AUD/USD 10/200.000% 10/30/20200.0%
FX MXN/USD 09/200.000% 09/18/20200.0%
Leidos, Inc.5.500% 07/01/20330.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
FX CNY/USD 10/200.000% 10/30/20200.0%
Spectacle Gary Holding11.000% 11/07/20250.0%
FX PLN/USD 12/200.000% 12/04/20200.0%
FX CHF/USD 10/200.000% 10/30/20200.0%
FX MXN/USD 09/200.000% 09/18/20200.0%
FX USD/PEN 10/200.000% 10/20/20200.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
FX BRL/USD 09/200.000% 09/02/20200.0%
FX SEK/USD 10/200.000% 10/15/20200.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
FX USD/TWD 10/200.000% 10/15/20200.0%
FX USD/ZAR 09/200.000% 09/11/20200.0%
Tapstone Energy Holdings III, LLC0.000% 06/01/20220.0%
FX USD/BRL 09/200.000% 09/02/20200.0%
FX NZD/USD 10/200.000% 10/29/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
EURO-BOBL FUT Sep200.000% 09/10/20200.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp0.000% -0.0%
FX CNY/USD 10/200.000% 10/30/20200.0%
FX ZAR/USD 09/200.000% 09/11/20200.0%
FX JPY/USD 10/200.000% 10/30/20200.0%
FX RUB/USD 09/200.000% 09/10/20200.0%
FX JPY/USD 10/200.000% 10/30/20200.0%
FX USD/BRL 11/200.000% 11/30/20200.0%
FX KRW/USD 11/200.000% 11/20/20200.0%
FX ZAR/USD 11/200.000% 11/30/20200.0%
FX USD/GBP 09/200.000% 09/08/20200.0%
FX HUF/USD 12/200.000% 12/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/GBP 09/200.000% 09/08/20200.0%
FX RUB/USD 09/200.000% 09/10/20200.0%
FX USD/AUD 11/200.000% 11/27/20200.0%
FX USD/CAD 09/200.000% 09/03/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/CAD 09/200.000% 09/15/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX RUB/USD 09/200.000% 09/03/20200.0%
FX JPY/USD 10/200.000% 10/30/20200.0%
FX USD/CAD 10/200.000% 10/20/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
Credit Index Swap5.000% 06/20/20250.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX JPY/USD 10/200.000% 10/30/2020-0.1%
FX USD/GBP 09/200.000% 09/08/2020-0.1%

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 09/30/2020

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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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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