LAGGX | Global Bond Fund Class A | Lord Abbett

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Global Bond Fund

Daily price w/o sales charge as of 01/14/2022

$9.78

arrowDown$0.03

YTD Returns w/o sales charge as of 01/14/2022

-0.54%

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 01/14/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.98% 0.32%

30-Day Standardized Yield 2 as of 12/31/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.64% 0.00%

Fund Basicsas of 12/31/2021

Total Net Assets
$12.00 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.74%
Fund Net Expense Ratio
1.08%
Number of Holdings
335

Fund Expense Ratio :

Gross 2.74%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -3.23% -3.23% 4.04% - - 3.07%
Lipper Category Avg. Global Income Funds -3.12% -3.12% 4.14% - - -
Bloomberg Global Aggregate Index -4.71% -4.71% 3.59% - - 3.28%

Fund Expense Ratio :

Gross 2.74%

Net 1.08%

Fund Expense Ratio :

Gross 2.74%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -3.23% -3.23% 4.04% - - 3.07%
Lipper Category Avg. Global Income Funds -3.12% -3.12% 4.14% - - -
Bloomberg Global Aggregate Index -4.71% -4.71% 3.59% - - 3.28%

Fund Expense Ratio :

Gross 2.74%

Net 1.08%

Investment Team

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

Partner & Portfolio Manager

20 Years of Industry Experience

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

Partner & Portfolio Manager

23 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

20 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

27 Years of Industry Experience

Annika M. Lombardi
Annika M. Lombardi

Managing Director, Portfolio Manager

14 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 2.74%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -3.23% -3.23% 4.04% - - 3.07%
Lipper Category Avg. Global Income Funds -3.12% -3.12% 4.14% - - -
Bloomberg Global Aggregate Index -4.71% -4.71% 3.59% - - 3.28%

Fund Expense Ratio :

Gross 2.74%

Net 1.08%

Fund Expense Ratio :

Gross 2.74%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -3.23% -3.23% 4.04% - - 3.07%
Lipper Category Avg. Global Income Funds -3.12% -3.12% 4.14% - - -
Bloomberg Global Aggregate Index -4.71% -4.71% 3.59% - - 3.28%

Fund Expense Ratio :

Gross 2.74%

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
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
Non-US Corp High Grade
Sovereign Developed
Currency
US Corp High Grade
US Corp High Yield
Sovereign Emerging
Govt
Non-US Corp High Yield
ABS
US Bank Loan High Yield
MBS Other
CLO
CMBS
MBS Passthrough
Non-US Bank Loan High Yield
Municipals
US Bank Loan High Grade
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 12/31/2021

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 12/31/2021

Total Net Assets
$12.00 M
Number of Issues
335
Average Coupon
3.1%
Average Life
7.55 Years
Average Maturity
9.35 Years
Average Effective Duration
5.25 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
United States Treasury Note/Bond 1.750% 08/15/2041 2.6%
United States Treasury Bill 0.000% 04/21/2022 2.5%
United States Treasury Note/Bond 1.875% 11/15/2051 2.3%
United States Treasury Note/Bond 1.125% 10/31/2026 2.1%
China Development Bank 3.090% 06/18/2030 1.7%
Egypt Government International Bond 4.550% 11/20/2023 1.7%
Galaxy Pipeline Assets Bidco Ltd 1.750% 09/30/2027 1.6%
Spain Government Bond 0.500% 10/31/2031 1.2%
AA Bond Co Ltd 2.750% 07/31/2043 1.2%
Netflix Inc 3.875% 11/15/2029 1.2%
% of Total Assets 18.1%
Holding Coupon Maturity Assets
United States Treasury Bill0.000% 01/27/20223.5%
United States Treasury Bill0.000% 04/21/20222.5%
United States Treasury Note/Bond2.000% 08/15/20512.4%
United States Treasury Note/Bond1.125% 10/31/20262.1%
China Development Bank3.090% 06/18/20301.7%
Egypt Government International Bond4.550% 11/20/20231.7%
Galaxy Pipeline Assets Bidco Ltd1.750% 09/30/20271.6%
United States Treasury Note/Bond1.750% 08/15/20411.3%
Spain Government Bond0.500% 10/31/20311.2%
Netflix Inc3.875% 11/15/20291.1%
Punch Finance PLC6.125% 06/30/20261.1%
AA Bond Co Ltd2.750% 07/31/20431.1%
Canary Wharf Group Investment Holdings PLC2.625% 04/23/20251.1%
Comcast Corp1.500% 02/20/20291.1%
Pinewood Finance Co Ltd3.250% 09/30/20251.1%
Eurofins Scientific SE3.750% 07/17/20261.1%
Colombia Government International Bond3.875% 03/22/20261.0%
French Republic Government Bond OAT0.000% 11/25/20311.0%
IPD 3 BV5.500% 12/01/20251.0%
PartnerRe Ireland Finance DAC1.250% 09/15/20261.0%
Aroundtown SA1.450% 07/09/20281.0%
Senegal Government International Bond4.750% 03/13/20281.0%
PCF GmbH4.750% 04/15/20261.0%
Lorca Telecom Bondco SA4.000% 09/18/20271.0%
AT&T Inc2.875% 05/01/21701.0%
Ren Finance BV0.500% 04/16/20290.9%
eDreams ODIGEO SA5.500% 09/01/20230.9%
Gazprom PJSC via Gaz Finance PLC1.500% 02/17/20270.9%
LeasePlan Corp NV0.250% 02/23/20260.9%
RCS & RDS SA3.250% 02/05/20280.9%
Hamburger Hochbahn AG0.125% 02/24/20310.9%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.9%
Indonesia Government International Bond1.300% 03/23/20340.9%
Vivion Investments Sarl3.000% 08/08/20240.9%
Perimeter Master Note Business Trust4.230% 05/15/20240.9%
China Development Bank3.070% 03/10/20300.9%
Ukraine Government International Bond7.750% 09/01/20240.9%
Japan Government Twenty Year Bond1.400% 09/20/20340.9%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.8%
Lendmark Funding Trust 2021-23.090% 04/20/20320.8%
Sunrun Demeter Issuer 2021-22.270% 01/30/20570.8%
Venture 33 CLO Ltd1.184% 07/15/20310.8%
VERDE CLO Ltd1.224% 04/15/20320.8%
Aqua Finance Trust 2021-A3.140% 07/17/20460.8%
China Development Bank3.680% 02/26/20260.8%
ZH Trust 2021-22.349% 10/17/20270.8%
Fannie Mae Pool3.500% 09/01/20470.8%
ADLER Group SA2.250% 01/14/20290.8%
Inter-American Development Bank0.250% 02/10/20260.7%
Province of Alberta Canada2.050% 06/01/20300.7%
Kreditanstalt fuer Wiederaufbau0.375% 07/18/20250.6%
OCP CLO 2016-12 Ltd1.242% 10/18/20280.6%
Inter-American Development Bank2.750% 10/30/20250.6%
United Kingdom Gilt1.500% 07/22/20470.6%
Turkey Government International Bond7.375% 02/05/20250.5%
Verus Securitization Trust 2020-51.218% 05/25/20650.5%
Bank of America Corp2.687% 04/22/20320.5%
Asian Development Bank2.450% 01/17/20240.5%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.5%
Queensland Treasury Corp3.250% 07/21/20260.5%
ME Funding LLC 2019-16.448% 07/30/20490.4%
City of Montreal Canada4.250% 12/01/20320.4%
Province of Saskatchewan Canada4.750% 06/01/20400.4%
Citigroup Inc2.561% 05/01/20320.4%
Spain Government Bond4.200% 01/31/20370.4%
Queensland Treasury Corp1.500% 03/02/20320.4%
American Campus Communities Operating Partnership LP3.875% 01/30/20310.4%
French Republic Government Bond OAT0.750% 05/25/20520.4%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.4%
Morgan Stanley2.484% 09/16/20360.4%
Pacific Gas and Electric Co4.550% 07/01/20300.4%
Ford Motor Co3.250% 02/12/20320.4%
International Finance Corp0.375% 09/10/20250.3%
International Bank for Reconstruction & Development0.340% 11/22/20280.3%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.3%
Tennessee Valley Authority1.500% 09/15/20310.3%
Japan Government Thirty Year Bond0.600% 09/20/20500.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Aircastle Ltd2.850% 01/26/20280.3%
CSAIL 2016-C7 Commercial Mortgage Trust4.529% 11/15/20490.3%
Ally Financial Inc8.000% 11/01/20310.3%
United States Treasury Note/Bond1.125% 05/15/20400.3%
China Government Bond3.860% 07/22/20490.3%
Dell International LLC / EMC Corp8.350% 07/15/20460.3%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.3%
Great Wolf Trust 2019-WOLF1.124% 12/15/20360.3%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.3%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.3%
Glencore Funding LLC4.875% 03/12/20290.3%
Diamondback Energy Inc3.500% 12/01/20290.3%
COMM 2015-PC1 Mortgage Trust4.463% 07/10/20500.3%
United Kingdom Gilt0.875% 07/31/20330.3%
International Bank for Reconstruction & Development0.420% 02/11/20310.3%
Freddie Mac STACR REMIC Trust 2021-DNA61.550% 10/25/20410.3%
Petroleos Mexicanos5.350% 02/12/20280.2%
General Motors Co6.750% 04/01/20460.2%
Ecopetrol SA4.625% 11/02/20310.2%
New York City Transitional Finance Authority Future Tax Secured Revenue1.950% 08/01/20340.2%
Metropolitan Transportation Authority6.668% 11/15/20390.2%
Santander Holdings USA Inc4.400% 07/13/20270.2%
International Bank for Reconstruction & Development0.250% 01/29/20290.2%
IPALCO Enterprises Inc4.250% 05/01/20300.2%
International Bank for Reconstruction & Development1.200% 07/22/20260.2%
Brightsphere Investment Group Inc4.800% 07/27/20260.2%
COMM 2015-PC1 Mortgage Trust4.463% 07/10/20500.2%
Verus Securitization Trust 2020-12.417% 01/25/20600.2%
Freeport-McMoRan Inc4.375% 08/01/20280.2%
Physicians Realty LP2.625% 11/01/20310.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
NGPL PipeCo LLC3.250% 07/15/20310.2%
Goldman Sachs Group Inc/The2.383% 07/21/20320.2%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.2%
Delta Air Lines Inc7.000% 05/01/20250.2%
MEG Energy Corp7.125% 02/01/20270.2%
Spain Government Bond1.000% 07/30/20420.2%
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc3.875% 03/01/20310.2%
Petroleos Mexicanos6.750% 09/21/20470.2%
HCA Inc5.500% 06/15/20470.2%
LUCID ENRGY GRP II BORWR LLC0.000% 11/24/20280.2%
VMware Inc4.700% 05/15/20300.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
United Airlines Inc4.500% 04/21/20280.2%
Republic of South Africa Government Bond8.750% 02/28/20480.2%
BCP Raptor II LLC4.840% 11/03/20250.2%
Laredo Petroleum Inc9.500% 01/15/20250.2%
FirstEnergy Corp4.400% 07/15/20270.2%
Magnite Inc5.750% 04/28/20280.2%
Charter Communications Operating LLC / Charter Communications Operating Capital6.484% 10/23/20450.2%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.2%
Glencore Funding LLC2.850% 04/27/20310.2%
Brazos Delaware II LLC4.091% 05/21/20250.2%
Hudbay Minerals Inc6.125% 04/01/20290.2%
United PF Holdings LLC4.132% 12/30/20260.2%
KUEHG Corp4.750% 02/21/20250.2%
Grab Holdings Inc5.500% 01/29/20260.2%
Clear Channel Outdoor Holdings Inc3.601% 08/21/20260.2%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.2%
CCS-CMGC Holdings Inc5.590% 10/01/20250.2%
Spring Education Group Inc4.382% 07/30/20250.1%
Bath & Body Works Inc6.625% 10/01/20300.1%
Asurion LLC5.340% 01/20/20290.1%
Blackstone Mortgage Trust Inc3.750% 01/15/20270.1%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.1%
Claros Mortgage Trust Inc6.000% 08/09/20260.1%
Freeport LNG Investments LLLP0.000% 11/17/20280.1%
Newell Brands Inc5.875% 04/01/20360.1%
Netflix Inc5.875% 02/15/20250.1%
Apache Corp4.375% 10/15/20280.1%
ARMOR HOLDING II LLC0.000% 10/29/20280.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-LAQ1.390% 06/15/20320.1%
CCM Merger Inc6.375% 05/01/20260.1%
EQT Corp5.000% 01/15/20290.1%
COBHAM ULTRA SENIORCO SARL0.000% 11/16/20280.1%
Royal Caribbean Cruises Ltd9.125% 06/15/20230.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
Solera LLC4.500% 06/02/20280.1%
THINK + LEARN PRIVATE LIMITED0.000% 11/05/20260.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
DOTDASH MEREDITH INC0.000% 11/22/20260.1%
Caesars Entertainment Inc8.125% 07/01/20270.1%
Sabre GLBL Inc7.375% 09/01/20250.1%
Helmerich & Payne Inc2.900% 09/29/20310.1%
Australia Government Bond3.000% 03/21/20470.1%
Centene Corp3.375% 02/15/20300.1%
Nationstar Mortgage Holdings Inc5.500% 08/15/20280.1%
Centennial Resource Production LLC5.375% 01/15/20260.1%
American Homes 4 Rent LP2.375% 07/15/20310.1%
City Football Group Ltd4.000% 07/21/20280.1%
Range Resources Corp8.250% 01/15/20290.1%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.1%
AG Issuer LLC6.250% 03/01/20280.1%
MGM Resorts International5.500% 04/15/20270.1%
Carnival Corp4.000% 10/18/20280.1%
TransDigm Inc4.625% 01/15/20290.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
EMPLOYBRIDGE LLC5.500% 07/14/20280.1%
Invitation Homes Operating Partnership LP2.000% 08/15/20310.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.750% 10/20/20280.1%
Petrobras Global Finance BV5.600% 01/03/20310.1%
Buckeye Partners LP6.375% 01/22/20780.1%
American Airlines Group Inc3.750% 03/01/20250.1%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.1%
Matador Resources Co5.875% 09/15/20260.1%
United States Steel Corp6.650% 06/01/20370.1%
Triumph Group Inc7.750% 08/15/20250.1%
Occidental Petroleum Corp6.125% 01/01/20310.1%
Uber Technologies Inc4.500% 08/15/20290.1%
Mattel Inc5.450% 11/01/20410.1%
LCM Investments Holdings II LLC4.875% 05/01/20290.1%
Assurant Inc2.650% 01/15/20320.1%
Kraft Heinz Foods Co4.375% 06/01/20460.1%
Ovintiv Inc6.500% 02/01/20380.1%
TechnipFMC PLC6.500% 02/01/20260.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
AIT Worldwide Logistics Holdings Inc5.500% 03/31/20280.1%
Century Aluminum Co7.500% 04/01/20280.1%
Gulfport Energy Operating Corp8.000% 05/17/20260.1%
General Motors Co6.125% 10/01/20250.1%
Affinity Gaming6.875% 12/15/20270.1%
Comstock Resources Inc6.750% 03/01/20290.1%
Ashland LLC6.875% 05/15/20430.1%
Clear Channel Outdoor Holdings Inc7.750% 04/15/20280.1%
Kingpin Intermediate Holdings LLC4.500% 07/03/20240.1%
Renewable Energy Group Inc5.875% 06/01/20280.1%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.1%
Murphy Oil Corp5.875% 12/01/20270.1%
Miller's Ale House Inc4.841% 05/30/20250.1%
Urban One Inc7.375% 02/01/20280.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
Nabors Industries Ltd7.250% 01/15/20260.1%
Life Time Inc5.750% 01/15/20260.1%
Party City Holdings Inc8.750% 02/15/20260.1%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
Coinbase Global Inc3.375% 10/01/20280.1%
Coty Inc5.000% 04/15/20260.1%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.1%
Chobani LLC / Chobani Finance Corp Inc4.625% 11/15/20280.1%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.1%
Scientific Games International Inc7.250% 11/15/20290.1%
PDC Energy Inc5.750% 05/15/20260.1%
Bombardier Inc6.000% 02/15/20280.1%
CrownRock LP / CrownRock Finance Inc5.000% 05/01/20290.1%
VeriFone Systems Inc4.178% 08/20/20250.1%
Mercer International Inc5.125% 02/01/20290.1%
Air Canada3.875% 08/15/20260.1%
Staples Inc7.500% 04/15/20260.1%
Red Planet Borrower LLC4.250% 10/02/20280.1%
CHS/Community Health Systems Inc4.750% 02/15/20310.1%
Edgewater Generation LLC3.840% 12/13/20250.1%
Minotaur Acquisition Inc4.840% 03/27/20260.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
Kaiser Aluminum Corp4.625% 03/01/20280.1%
Engineered Machinery Holdings Inc7.250% 05/21/20290.1%
IEA Energy Services LLC6.625% 08/15/20290.1%
Continental Resources Inc/OK5.750% 01/15/20310.1%
Watco Cos LLC / Watco Finance Corp6.500% 06/15/20270.1%
Weatherford International Ltd8.625% 04/30/20300.1%
Madison IAQ LLC5.875% 06/30/20290.1%
Popular Inc6.125% 09/14/20230.1%
SPRINGS WINDOW FASHIONS LLC4.750% 10/06/20280.1%
LBM Acquisition LLC4.500% 12/17/20270.1%
Netflix Inc4.875% 06/15/20300.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
FX USD/EUR 12/210.000% 12/10/20210.1%
Chassix Inc6.500% 11/15/20230.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Freeport-McMoRan Inc4.625% 08/01/20300.1%
CEC Entertainment LLC6.750% 05/01/20260.1%
Park River Holdings Inc5.625% 02/01/20290.1%
OneMain Finance Corp5.375% 11/15/20290.1%
Gap Inc/The3.875% 10/01/20310.1%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.750% 04/20/20290.1%
Griffon Corp5.750% 03/01/20280.1%
Penn National Gaming Inc5.625% 01/15/20270.1%
Williams Scotsman International Inc4.625% 08/15/20280.1%
Skyworks Solutions Inc3.000% 06/01/20310.1%
Presidio Holdings Inc4.875% 02/01/20270.1%
GrubHub Holdings Inc5.500% 07/01/20270.1%
Spectacle Gary Holdings LLC11.000% 12/23/20250.1%
Frontier Communications Holdings LLC5.000% 05/01/20280.1%
Navient Corp6.750% 06/25/20250.1%
Calpine Corp5.125% 03/15/20280.1%
BBCMS 2019-BWAY Mortgage Trust1.046% 11/15/20340.1%
FX USD/GBP 12/210.000% 12/07/20210.1%
Outfront Media Capital LLC / Outfront Media Capital Corp4.250% 01/15/20290.1%
Surgery Center Holdings Inc10.000% 04/15/20270.1%
NCL Corp Ltd12.250% 05/15/20240.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.500% 10/20/20250.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Block Communications Inc4.875% 03/01/20280.1%
SM Energy Co6.750% 09/15/20260.1%
Enphase Energy Inc0.000% 03/01/20260.1%
Ahead DB Holdings LLC6.625% 05/01/20280.1%
Boyd Gaming Corp4.750% 06/15/20310.1%
BBCMS 2019-BWAY Mortgage Trust1.400% 11/15/20340.1%
Caesars Entertainment Inc4.625% 10/15/20290.1%
ECHO GLOBAL LOGISTICS INC4.250% 11/04/20280.1%
Hoya Midco LLC4.500% 06/30/20240.1%
BROOKS AUTOMATION INC0.000% 11/04/20290.1%
SolarEdge Technologies Inc0.000% 09/15/20250.1%
Sunrun Inc0.000% 02/01/20260.1%
Solaris Midstream Holdings LLC7.625% 04/01/20260.1%
Southwestern Energy Co5.375% 02/01/20290.1%
AI AQUA MERGER SUB INC4.500% 07/31/20280.1%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.1%
Carvana Co5.875% 10/01/20280.1%
Ken Garff Automotive LLC4.875% 09/15/20280.1%
Twilio Inc3.875% 03/15/20310.1%
Sprint Capital Corp6.875% 11/15/20280.1%
Centene Corp4.250% 12/15/20270.1%
Altar Bidco Inc0.000% 11/17/20280.1%
Twilio Inc3.625% 03/15/20290.1%
Boyne USA Inc4.750% 05/15/20290.1%
Asbury Automotive Group Inc5.000% 02/15/20320.1%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.1%
Centene Corp2.625% 08/01/20310.1%
Hecla Mining Co7.250% 02/15/20280.1%
Brundage-Bone Concrete Pumping Holdings Inc6.000% 02/01/20260.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Sabre GLBL Inc4.000% 12/17/20270.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
United Airlines Inc4.625% 04/15/20290.1%
Cenovus Energy Inc3.750% 02/15/20520.1%
THE ULTIMATE SW GRP INC0.000% 05/03/20270.1%
Austin BidCo Inc7.125% 12/15/20280.1%
EQT Corp3.625% 05/15/20310.1%
United Airlines Inc4.375% 04/15/20260.1%
Suzano Austria GmbH3.750% 01/15/20310.0%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.0%
Spain Government Bond1.000% 10/31/20500.0%
Credit Index Swap5.000% 12/20/20260.0%
SM Energy Co5.625% 06/01/20250.0%
Navient Corp5.000% 03/15/20270.0%
Sabre GLBL Inc4.000% 12/17/20270.0%
FX USD/AUD 12/210.000% 12/01/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX JPY/USD 02/220.000% 02/08/20220.0%
TRANS UNION LLC0.000% 11/16/20290.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX USD/AUD 12/210.000% 12/01/20210.0%
FX CNH/USD 01/220.000% 01/21/20220.0%
FX USD/ZAR 12/210.000% 12/15/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
AI AQUA MERGER SUB INC0.000% 07/31/20280.0%
Credit Index Swap1.000% 12/20/20260.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX USD/GBP 12/210.000% 12/07/20210.0%
Spectacle Gary Holdings LLC0.110% 12/23/20250.0%
FX USD/BRL 12/210.000% 12/17/20210.0%
FX USD/GBP 12/210.000% 12/07/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX CHF/USD 01/220.000% 01/21/20220.0%
FX JPY/USD 02/220.000% 02/08/20220.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX USD/AUD 03/220.000% 03/01/20220.0%
FX AUD/USD 12/210.000% 12/01/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX KRW/USD 02/220.000% 02/10/20220.0%
FX GBP/USD 12/210.000% 12/07/20210.0%
FX RUB/USD 02/220.000% 02/22/20220.0%
FX NOK/USD 12/210.000% 12/13/20210.0%
FX GBP/USD 12/210.000% 12/07/20210.0%
FX COP/USD 02/220.000% 02/03/20220.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX SEK/USD 01/220.000% 01/21/20220.0%
FX AUD/USD 12/210.000% 12/01/20210.0%
FX BRL/USD 12/210.000% 12/17/20210.0%
FX THB/USD 02/220.000% 02/18/20220.0%
FX MXN/USD 12/210.000% 12/17/20210.0%
FX CAD/USD 01/220.000% 01/20/20220.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX ZAR/USD 12/210.000% 12/15/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX USD/JPY 02/220.000% 02/08/20220.0%
US 10yr Ultra Fut Mar220.000% 03/31/20220.0%
US 5YR NOTE (CBT) Mar220.000% 04/05/20220.0%
Credit Index Swap1.000% 12/20/2026-0.1%

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 12/31/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
2.74% 1.08%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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*Barron’s Overall Fund Family of 2020,” #7 overall ranking among 53 qualifying fund families based on the net total return of the one-year period ending 12/31/2020. Five-year overall ranking is #4 out of 50 qualifying fund families; and 10-year overall ranking is #21 out of 44 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2020,” February 20, 2021. 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, 2020, 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 2021. 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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