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 12/09/2022

$8.14

arrowDown$0.03

YTD Returns w/o sales charge as of 12/09/2022

-15.23%

Please click here for performance current to the most recent quarter-end and month-end.

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Summary

Summary

What is the Global Bond Fund?

The Fund seeks to deliver total return by investing in bonds across multiple sectors in developed and emerging markets located throughout the world. 

 

Yield

Dividend Yield 1 as of 12/09/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.99% 0.99%

30-Day Standardized Yield 2 as of 11/30/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.75% 1.88%

Fund Basicsas of 10/31/2022

Total Net Assets
$9.46 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
3.08%
Fund Net Expense Ratio
1.08%
Number of Holdings
312

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 -16.13% -15.94% -3.98% - - -1.66%
Lipper Category Avg. Global Income Funds -13.33% -13.23% -3.06% - - -
Bloomberg Global Aggregate Index -16.70% -16.81% -4.47% - - -1.66%

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 -20.17% -20.90% -5.49% - - -2.88%
Lipper Category Avg. Global Income Funds -16.35% -16.89% -4.30% - - -
Bloomberg Global Aggregate Index -19.89% -20.43% -5.74% - - -2.64%

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 -16.13% -15.94% -3.98% - - -1.66%
Lipper Category Avg. Global Income Funds -13.33% -13.23% -3.06% - - -
Bloomberg Global Aggregate Index -16.70% -16.81% -4.47% - - -1.66%

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 -20.17% -20.90% -5.49% - - -2.88%
Lipper Category Avg. Global Income Funds -16.35% -16.89% -4.30% - - -
Bloomberg Global Aggregate Index -19.89% -20.43% -5.74% - - -2.64%

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% -5.28% - -15.23%
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
US Corp High Grade
Sovereign Developed
Non-US Corp High Grade
Sovereign Emerging
US Corp High Yield
Currency
MBS Passthrough
Non-US Corp High Yield
Govt
ABS
CMBS
CLO
MBS Other
US Bank Loan High Yield
Agency
Municipals
US Bank Loan High Grade
Convertibles
Non-US Bank Loan High Yield
Cash

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

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

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

Credit Quality Distribution as of 10/31/2022

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 10/31/2022

Total Net Assets
$9.46 M
Number of Issues
312
Average Coupon
3.3%
Average Life
6.88 Years
Average Maturity
9.08 Years
Average Effective Duration
3.99 Years
Average Yield to Worst
5.5%

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.

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Holding Coupon Maturity Assets
United States Treasury Note/Bond 3.250% 05/15/2042 2.1%
China Development Bank 3.090% 06/18/2030 2.0%
Galaxy Pipeline Assets Bidco Ltd 1.750% 09/30/2027 1.6%
China Development Bank 3.480% 01/08/2029 1.6%
Asian Development Bank 4.030% 04/06/2027 1.4%
Dominican Republic International Bond 5.500% 02/22/2029 1.4%
United States Treasury Note/Bond 2.875% 05/15/2052 1.2%
Stonegate Pub Co Financing 2019 PLC 8.250% 07/31/2025 1.1%
Pinewood Finance Co Ltd 3.250% 09/30/2025 1.1%
United States Treasury Inflation Indexed Bonds 0.625% 07/15/2032 1.1%
% of Total Assets 14.6%
Holding Coupon Maturity Assets
United States Treasury Note/Bond3.250% 05/15/20422.9%
China Development Bank3.090% 06/18/20302.0%
China Development Bank3.480% 01/08/20291.6%
Galaxy Pipeline Assets Bidco Ltd1.750% 09/30/20271.6%
Asian Development Bank3.066% 04/06/20271.4%
Dominican Republic International Bond5.500% 02/22/20291.4%
United States Treasury Note/Bond2.875% 05/15/20521.3%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20261.1%
Perimeter Master Note Business Trust4.230% 05/15/20241.1%
United States Treasury Inflation Indexed Bonds0.625% 07/15/20321.1%
Venture 33 CLO Ltd3.572% 07/15/20311.1%
Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd4.695% 05/15/20371.1%
Schneider Electric SE1.841% 10/13/20251.1%
Life 2022-BMR Mortgage Trust4.141% 05/15/20391.0%
VERDE CLO Ltd3.612% 04/15/20321.0%
Pinewood Finance Co Ltd3.250% 09/30/20251.0%
Japan Government Ten Year Bond0.100% 12/20/20311.0%
Molson Coors Beverage Co1.250% 07/15/20241.0%
European Investment Bank2.125% 04/13/20261.0%
Fannie Mae Pool3.000% 10/01/20501.0%
China Development Bank3.070% 03/10/20301.0%
Colombia Government International Bond3.875% 03/22/20261.0%
Punch Finance PLC6.125% 06/30/20261.0%
Getlink SE3.500% 10/30/20251.0%
Suez SACA1.875% 05/24/20271.0%
PartnerRe Ireland Finance DAC1.250% 09/15/20261.0%
China Development Bank3.680% 02/26/20261.0%
Japan Bank for International Cooperation1.500% 06/01/20291.0%
OI European Group BV2.875% 02/15/20251.0%
Almirall SA2.125% 09/30/20260.9%
Comcast Corp1.500% 02/20/20290.9%
Lorca Telecom Bondco SA4.000% 09/18/20270.9%
30-YR GNMA II-TBA PROD OCT5.000% 08/01/20520.9%
PCF GmbH4.750% 04/15/20260.9%
Inter-American Development Bank2.537% 02/10/20260.9%
Province of Ontario Canada3.100% 05/19/20270.8%
Ren Finance BV0.500% 04/16/20290.8%
Hamburger Hochbahn AG0.125% 02/24/20310.8%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.8%
Cellnex Telecom SA1.875% 06/26/20290.8%
United States Treasury Note/Bond4.125% 09/30/20270.8%
Linde Finance BV0.550% 05/19/20320.8%
Bank of America Corp2.687% 04/22/20320.8%
Action Logement Services0.500% 10/30/20340.8%
Mondelez International Holdings Netherlands BV0.625% 09/09/20320.8%
Kreditanstalt fuer Wiederaufbau0.375% 07/18/20250.8%
United Group BV5.250% 02/01/20300.8%
United States Treasury Inflation Indexed Bonds0.125% 02/15/20520.7%
Indonesia Government International Bond1.300% 03/23/20340.7%
30-YR UMBS-TBA PROD NOV4.500% 07/01/20520.7%
International Finance Corp3.080% 06/30/20230.7%
Province of Alberta Canada2.050% 06/01/20300.7%
GoodLeap Sustainable Home Solutions Trust 2022-12.700% 01/20/20490.7%
30-YR UMBS-TBA PROD NOV2.000% 12/01/20510.7%
JPMorgan Chase & Co2.580% 04/22/20320.6%
Intercontinental Exchange Inc4.000% 09/15/20270.6%
Turkey Government International Bond7.375% 02/05/20250.6%
Gazprom PJSC via Gaz Finance PLC1.500% 02/17/20270.5%
United States Treasury Note/Bond2.375% 02/15/20420.5%
ME Funding LLC 2019-16.448% 07/30/20490.5%
Colombian TES7.500% 08/26/20260.5%
European Investment Bank2.375% 05/24/20270.5%
European Union0.250% 10/22/20260.5%
Queensland Treasury Corp3.250% 07/21/20260.5%
Continental Resources Inc/OK5.750% 01/15/20310.5%
Goldman Sachs Group Inc/The0.627% 11/17/20230.5%
Southern Co/The2.700% 08/01/20240.5%
30-YR GNMA II-TBA PROD OCT4.500% 08/01/20520.4%
30-YR UMBS-TBA PROD NOV5.000% 07/01/20520.4%
International Bank for Reconstruction & Development2.640% 11/22/20280.4%
Citigroup Inc2.561% 05/01/20320.4%
Nordic Investment Bank0.125% 06/10/20240.4%
Province of Saskatchewan Canada4.750% 06/01/20400.4%
Fannie Mae Pool3.500% 04/01/20520.4%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.4%
30-YR GNMA II-TBA PROD NOV4.500% 08/01/20520.4%
US Bancorp4.967% 07/22/20330.4%
Queensland Treasury Corp1.500% 03/02/20320.4%
Verus Securitization Trust 2020-51.218% 05/25/20650.4%
EQT Corp7.000% 02/01/20300.4%
CVS Health Corp3.250% 08/15/20290.4%
Great Wolf Trust 2019-WOLF3.852% 12/15/20360.3%
Tennessee Valley Authority1.500% 09/15/20310.3%
International Finance Corp0.375% 09/10/20250.3%
30-YR GNMA II-TBA PROD OCT4.000% 08/01/20520.3%
Morgan Stanley2.484% 09/16/20360.3%
China Government Bond3.860% 07/22/20490.3%
Centene Corp3.375% 02/15/20300.3%
American Express Co4.420% 08/03/20330.3%
Inter-American Investment Corp2.625% 04/22/20250.3%
CSAIL 2016-C7 Commercial Mortgage Trust4.526% 11/15/20490.3%
Ford Motor Co3.250% 02/12/20320.3%
Freddie Mac STACR REMIC Trust 2022-HQA34.581% 08/25/20420.3%
30-YR UMBS-TBA PROD NOV4.000% 08/01/20520.3%
Southwest Gas Corp4.050% 03/15/20320.3%
Freddie Mac STACR REMIC Trust 2021-HQA43.231% 12/25/20410.3%
NextEra Energy Capital Holdings Inc5.000% 07/15/20320.3%
Freddie Mac STACR REMIC Trust 2021-DNA63.781% 10/25/20410.3%
Ally Financial Inc8.000% 11/01/20310.3%
Charter Communications Operating LLC / Charter Communications Operating Capital6.484% 10/23/20450.3%
Glencore Funding LLC4.875% 03/12/20290.3%
Cargill Inc4.000% 06/22/20320.3%
Crown Castle Inc3.300% 07/01/20300.3%
CenterPoint Energy Resources Corp4.400% 07/01/20320.3%
Morgan Stanley4.431% 01/23/20300.2%
Elevance Health Inc2.875% 09/15/20290.2%
COMM 2015-PC1 Mortgage Trust4.434% 07/10/20500.2%
Bank of America Corp3.970% 03/05/20290.2%
30-YR UMBS-TBA PROD NOV3.500% 06/01/20520.2%
French Republic Government Bond OAT0.750% 05/25/20520.2%
IPALCO Enterprises Inc4.250% 05/01/20300.2%
Bank of New York Mellon Corp/The4.596% 07/26/20300.2%
US 10yr Ultra Fut Dec220.000% 12/30/20220.2%
Baltimore Gas and Electric Co4.550% 06/01/20520.2%
Metropolitan Transportation Authority6.668% 11/15/20390.2%
Ecopetrol SA4.625% 11/02/20310.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.2%
New York City Transitional Finance Authority Future Tax Secured Revenue1.950% 08/01/20340.2%
Diamondback Energy Inc3.125% 03/24/20310.2%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20520.2%
Ovintiv Inc6.500% 02/01/20380.2%
Wells Fargo & Co3.350% 03/02/20330.2%
JPMorgan Chase & Co2.963% 01/25/20330.2%
Morgan Stanley2.239% 07/21/20320.2%
US 5YR NOTE (CBT) Dec220.000% 01/05/20230.2%
Connecticut Avenue Securities Trust 2022-R084.831% 07/25/20420.2%
International Bank for Reconstruction & Development0.250% 01/29/20290.2%
Petroleos Mexicanos6.700% 02/16/20320.2%
Goldman Sachs Group Inc/The2.383% 07/21/20320.2%
NGPL PipeCo LLC3.250% 07/15/20310.2%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.2%
Constellation Energy Generation LLC6.250% 10/01/20390.2%
Advanced Micro Devices Inc3.924% 06/01/20320.2%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.2%
Freddie Mac Pool3.500% 02/01/20460.2%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.2%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.2%
Duke Energy Corp4.500% 08/15/20320.2%
FirstEnergy Corp4.400% 07/15/20270.2%
CCS-CMGC Holdings Inc8.615% 10/01/20250.2%
Toronto-Dominion Bank/The4.456% 06/08/20320.2%
Republic of South Africa Government Bond8.750% 02/28/20480.2%
Cobham Ultra US Co-Borrower LLC7.063% 08/03/20290.2%
Occidental Petroleum Corp6.125% 01/01/20310.2%
Civitas Resources Inc5.000% 10/15/20260.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.2%
AL NGPL Holdings LLC6.098% 04/14/20280.2%
Aircastle Ltd2.850% 01/26/20280.2%
Southwestern Energy Co5.375% 02/01/20290.2%
Netflix Inc5.875% 02/15/20250.2%
Glencore Funding LLC2.850% 04/27/20310.2%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.2%
Jazz Financing Lux Sarl6.615% 04/21/20280.2%
Molina Healthcare Inc3.875% 11/15/20300.2%
Oracle Corp2.875% 03/25/20310.2%
EQT Corp5.000% 01/15/20290.2%
Goldman Sachs Group Inc/The2.615% 04/22/20320.2%
Centene Corp4.250% 12/15/20270.2%
Permian Resources Operating LLC5.375% 01/15/20260.1%
30-YR GNMA II-TBA PROD OCT3.500% 06/01/20520.1%
Range Resources Corp8.250% 01/15/20290.1%
Spain Government Bond1.000% 07/30/20420.1%
Frontier Communications Holdings LLC5.000% 05/01/20280.1%
FactSet Research Systems Inc3.450% 03/01/20320.1%
Owens & Minor Inc6.625% 04/01/20300.1%
Nabors Industries Ltd7.250% 01/15/20260.1%
American Airlines Group Inc3.750% 03/01/20250.1%
TransDigm Inc4.625% 01/15/20290.1%
AG Issuer LLC6.250% 03/01/20280.1%
Netflix Inc5.875% 11/15/20280.1%
Advanced Drainage Systems Inc6.375% 06/15/20300.1%
Gulfport Energy Corp8.000% 05/17/20260.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Dell International LLC / EMC Corp3.375% 12/15/20410.1%
Comstock Resources Inc6.750% 03/01/20290.1%
Life Time Inc5.750% 01/15/20260.1%
Colgate Energy Partners III LLC7.750% 02/15/20260.1%
ECL ENTERTAINMENT LLC10.615% 05/01/20280.1%
Weatherford International Ltd8.625% 04/30/20300.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
R1 RCM Inc6.034% 06/21/20290.1%
Wyndham Hotels & Resorts Inc4.375% 08/15/20280.1%
Calpine Corp5.620% 12/16/20270.1%
30-YR GNMA II-TBA PROD NOV3.000% 02/01/20520.1%
BBCMS 2019-BWAY Mortgage Trust3.774% 11/15/20340.1%
Option Care Health Inc5.865% 10/27/20280.1%
Enphase Energy Inc0.000% 03/01/20260.1%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.1%
Booz Allen Hamilton Inc3.875% 09/01/20280.1%
Option Care Health Inc4.375% 10/31/20290.1%
Sylvamo Corp7.000% 09/01/20290.1%
Callon Petroleum Co8.000% 08/01/20280.1%
AI Aqua Merger Sub Inc6.346% 07/31/20280.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
Minotaur Acquisition Inc8.134% 03/27/20260.1%
United States Steel Corp6.650% 06/01/20370.1%
WMG Acquisition Corp3.750% 12/01/20290.1%
Laredo Petroleum Inc9.500% 01/15/20250.1%
Australia Government Bond3.000% 03/21/20470.1%
ModivCare Escrow Issuer Inc5.000% 10/01/20290.1%
United Airlines Inc4.375% 04/15/20260.1%
Ball Corp2.875% 08/15/20300.1%
Southwestern Energy Co6.203% 06/22/20270.1%
ROBLOX Corp3.875% 05/01/20300.1%
Gray Television Inc5.564% 12/01/20280.1%
Condor Merger Sub Inc7.375% 02/15/20300.1%
Citigroup Inc4.140% 05/24/20250.1%
Sunnova Energy Corp5.875% 09/01/20260.1%
Go Daddy Operating Co LLC / GD Finance Co Inc3.500% 03/01/20290.1%
Medline Borrower LP3.875% 04/01/20290.1%
Penn Entertainment Inc5.625% 01/15/20270.1%
Ashland LLC6.875% 05/15/20430.1%
Buckeye Partners LP6.375% 01/22/20780.1%
Earthstone Energy Holdings LLC8.000% 04/15/20270.1%
MSCI Inc3.625% 11/01/20310.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Atkore Inc4.250% 06/01/20310.1%
Murphy Oil USA Inc4.750% 09/15/20290.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.1%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.1%
Charles River Laboratories International Inc4.000% 03/15/20310.1%
Entegris Inc3.625% 05/01/20290.1%
SM Energy Co6.750% 09/15/20260.1%
Vertex Aerospace Services Corp6.865% 12/06/20280.1%
Assurant Inc2.650% 01/15/20320.1%
Peraton Corp10.568% 02/01/20290.1%
Navient Corp6.750% 06/25/20250.1%
AEP Transmission Co LLC4.500% 06/15/20520.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Calpine Corp5.125% 03/15/20280.1%
BBCMS 2019-BWAY Mortgage Trust4.128% 11/15/20340.1%
Service Corp International/US3.375% 08/15/20300.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
PARKWAY GENERATION LLC7.865% 02/18/20290.1%
Standard Industries Inc/NJ4.375% 07/15/20300.1%
Venture Global Calcasieu Pass LLC4.125% 08/15/20310.1%
United Rentals North America Inc4.000% 07/15/20300.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
Edgewater Generation LLC6.865% 12/13/20250.1%
Playtika Holding Corp5.865% 03/13/20280.1%
Imprivata Inc6.865% 12/01/20270.1%
AMC Networks Inc4.250% 02/15/20290.1%
Oceaneering International Inc6.000% 02/01/20280.1%
Madison IAQ LLC5.875% 06/30/20290.1%
Vistra Operations Co LLC4.375% 05/01/20290.1%
Coinbase Global Inc3.375% 10/01/20280.1%
Sunrun Inc0.000% 02/01/20260.1%
SolarEdge Technologies Inc0.000% 09/15/20250.1%
30-YR UMBS-TBA PROD NOV2.500% 02/01/20520.1%
Party City Holdings Inc8.750% 02/15/20260.1%
Twilio Inc3.875% 03/15/20310.1%
Popular Inc6.125% 09/14/20230.1%
ZipRecruiter Inc5.000% 01/15/20300.1%
Elevance Health Inc2.250% 05/15/20300.1%
Twilio Inc3.625% 03/15/20290.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Evergreen Acqco 1 LP9.174% 04/26/20280.1%
Dell International LLC / EMC Corp8.350% 07/15/20460.1%
ELEMENT MAT TEC GR US HLD INC0.000% 06/07/20290.1%
EQT Corp3.625% 05/15/20310.1%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.1%
Suzano Austria GmbH3.125% 01/15/20320.0%
Navient Corp5.000% 03/15/20270.0%
FX GBP/USD 12/220.000% 12/08/20220.0%
US 2YR NOTE (CBT) Dec220.000% 01/05/20230.0%
FX USD/GBP 12/220.000% 12/08/20220.0%
FX USD/EUR 12/220.000% 12/12/20220.0%
FX USD/INR 11/220.000% 11/18/20220.0%
PARKWAY GENERATION LLC7.865% 02/18/20290.0%
FX USD/GBP 12/220.000% 12/08/20220.0%
Credit Index Swap1.000% 12/20/20270.0%
FX USD/JPY 11/220.000% 11/15/20220.0%
EURO-BOBL FUTURE Dec220.000% 12/12/20220.0%
EURO-SCHATZ FUT Dec220.000% 12/12/20220.0%
FX CNH/USD 10/220.000% 10/21/20220.0%
FX MXN/USD 12/220.000% 12/21/20220.0%
FX NOK/USD 12/220.000% 12/15/20220.0%
FX CHF/USD 10/220.000% 10/21/20220.0%
FX SEK/USD 10/220.000% 10/21/20220.0%
FX IDR/USD 11/220.000% 11/18/20220.0%
FX BRL/USD 12/220.000% 12/09/20220.0%
FX EUR/USD 12/220.000% 12/12/20220.0%
ELEMNT MAT TECH GRP US HOL INC0.000% 06/22/20290.0%
FX AUD/USD 11/220.000% 11/25/20220.0%
Credit Index Swap5.000% 06/20/20270.0%
FX JPY/USD 11/220.000% 11/15/20220.0%
FX CNH/USD 10/220.000% 10/21/2022-0.1%
FX CAD/USD 10/220.000% 10/20/2022-0.1%
FX JPY/USD 11/220.000% 11/15/2022-0.9%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Fees & Expenses

Fees & Expenses

Expense Ratioas of 11/30/2022

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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*"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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