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

Daily price w/o sales charge as of 10/15/2021

$10.09

arrowDown$0.01

YTD Returns w/o sales charge as of 10/15/2021

-2.53%

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 10/15/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.07% 0.41%

30-Day Standardized Yield 2 as of 09/30/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.34% 0.00%

Fund Basicsas of 09/30/2021

Total Net Assets
$12.22 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.74%
Fund Net Expense Ratio
1.08%
Number of Holdings
349

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 -2.33% 3.02% 3.95% - - 3.62%
Lipper Category Avg. Global Income Funds -2.38% 1.13% 4.47% - - -
Bloomberg Global Aggregate Index -4.06% -0.91% 4.24% - - 3.76%

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 -2.33% 3.02% 3.95% - - 3.62%
Lipper Category Avg. Global Income Funds -2.38% 1.13% 4.47% - - -
Bloomberg Global Aggregate Index -4.06% -0.91% 4.24% - - 3.76%

Fund Expense Ratio :

Gross 2.74%

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-Head 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

Managing Director, 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 2.74%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -2.33% 3.02% 3.95% - - 3.62%
Lipper Category Avg. Global Income Funds -2.38% 1.13% 4.47% - - -
Bloomberg Global Aggregate Index -4.06% -0.91% 4.24% - - 3.76%

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 -2.33% 3.02% 3.95% - - 3.62%
Lipper Category Avg. Global Income Funds -2.38% 1.13% 4.47% - - -
Bloomberg Global Aggregate Index -4.06% -0.91% 4.24% - - 3.76%

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
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% - -2.53%
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
US Corp High Yield
Currency
Sovereign Developed
Sovereign Emerging
US Corp High Grade
Non-US Corp High Yield
Govt
ABS
US Bank Loan High Yield
MBS Other
CLO
CMBS
Municipals
MBS Passthrough
Agency
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 09/30/2021

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 09/30/2021

Total Net Assets
$12.22 M
Number of Issues
349
Average Coupon
3.35%
Average Life
8.03 Years
Average Maturity
9.62 Years
Average Effective Duration
5.42 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 Bill 0.000% 01/27/2022 2.5%
United States Treasury Note/Bond 2.000% 08/15/2051 2.0%
Egypt Government International Bond 4.550% 11/20/2023 1.7%
China Development Bank 3.090% 06/18/2030 1.6%
Galaxy Pipeline Assets Bidco Ltd 1.750% 09/30/2027 1.6%
Italy Buoni Poliennali Del Tesoro 1.850% 07/01/2025 1.2%
United States Treasury Note/Bond 1.125% 05/15/2040 1.2%
Spain Government Bond 0.500% 10/31/2031 1.2%
Netflix Inc 3.875% 11/15/2029 1.2%
Punch Finance PLC 6.125% 06/30/2026 1.2%
% of Total Assets 15.4%
Holding Coupon Maturity Assets
United States Treasury Note/Bond2.000% 08/15/20512.4%
United States Treasury Note/Bond1.750% 01/31/20232.0%
Egypt Government International Bond4.550% 11/20/20231.7%
Galaxy Pipeline Assets Bidco Ltd1.750% 09/30/20271.6%
China Development Bank3.090% 06/18/20301.6%
United States Treasury Note/Bond1.125% 05/15/20401.5%
United Kingdom Gilt1.500% 07/22/20471.3%
Italy Buoni Poliennali Del Tesoro1.850% 07/01/20251.2%
Netflix Inc3.875% 11/15/20291.2%
Punch Finance PLC6.125% 06/30/20261.1%
Pinewood Finance Co Ltd3.250% 09/30/20251.1%
Canary Wharf Group Investment Holdings PLC2.625% 04/23/20251.1%
Indonesia Government International Bond6.625% 02/17/20371.1%
Comcast Corp1.500% 02/20/20291.1%
AA Bond Co Ltd2.750% 07/31/20231.1%
Eurofins Scientific SE3.750% 07/17/20261.1%
Colombia Government International Bond3.875% 03/22/20261.1%
Spain Government Bond1.250% 10/31/20301.0%
Senegal Government International Bond4.750% 03/13/20281.0%
PartnerRe Ireland Finance DAC1.250% 09/15/20261.0%
Cassa Depositi e Prestiti SpA1.500% 04/09/20251.0%
Aroundtown SA1.450% 07/09/20281.0%
IPD 3 BV5.500% 12/01/20251.0%
PCF GmbH4.750% 04/15/20261.0%
Lorca Telecom Bondco SA4.000% 09/18/20271.0%
AT&T Inc2.875% 05/01/21991.0%
Chile Government International Bond0.830% 07/02/20311.0%
eDreams ODIGEO SA5.500% 09/01/20231.0%
Newell Brands Inc3.750% 10/01/20211.0%
Ren Finance BV0.500% 04/16/20291.0%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20331.0%
RCS & RDS SA3.250% 02/05/20281.0%
Hamburger Hochbahn AG0.125% 02/24/20310.9%
LeasePlan Corp NV0.250% 02/23/20260.9%
Vivion Investments Sarl3.000% 08/08/20240.9%
ADLER Group SA2.250% 01/14/20290.9%
Ukraine Government International Bond7.750% 09/01/20240.9%
Fannie Mae Pool3.500% 09/01/20470.9%
Japan Government Twenty Year Bond1.400% 09/20/20340.9%
Perimeter Master Note Business Trust4.230% 05/15/20240.8%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.8%
China Development Bank3.070% 03/10/20300.8%
VERDE CLO Ltd1.226% 04/15/20320.8%
Venture 33 CLO Ltd1.186% 07/15/20310.8%
China Development Bank3.680% 02/26/20260.8%
Province of Alberta Canada2.050% 06/01/20300.7%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.6%
OCP CLO 2016-12 Ltd1.254% 10/18/20280.6%
Inter-American Development Bank2.750% 10/30/20250.6%
Kreditanstalt fuer Wiederaufbau0.375% 07/18/20250.6%
General Electric Co3.514% 06/15/21990.6%
European Bank for Reconstruction & Development1.625% 09/27/20240.6%
French Republic Government Bond OAT0.750% 05/25/20520.6%
Verus Securitization Trust 2020-51.218% 05/25/20650.5%
Province of British Columbia Canada0.900% 07/20/20260.5%
Spain Government Bond0.500% 10/31/20310.5%
Turkey Government International Bond7.375% 02/05/20250.5%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.5%
Asian Development Bank2.450% 01/17/20240.5%
Bank of America Corp2.687% 04/22/20320.5%
Queensland Treasury Corp3.250% 07/21/20260.5%
Brightsphere Investment Group Inc4.800% 07/27/20260.4%
Boeing Co/The4.875% 05/01/20250.4%
City of Montreal Canada4.250% 12/01/20320.4%
Province of Saskatchewan Canada4.750% 06/01/20400.4%
ME Funding LLC 2019-16.448% 07/30/20490.4%
Citigroup Inc2.561% 05/01/20320.4%
Spain Government Bond4.200% 01/31/20370.4%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.4%
Australia Government Bond1.000% 11/21/20310.4%
Asian Infrastructure Investment Bank/The0.500% 05/28/20250.4%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.4%
American Campus Communities Operating Partnership3.875% 01/30/20310.4%
Brazil Notas do Tesouro Nacional Serie F10.000% 01/01/20290.4%
Freeport-McMoRan Inc4.375% 08/01/20280.4%
Puget Energy Inc4.100% 06/15/20300.4%
General Motors Co6.750% 04/01/20460.4%
VMware Inc4.700% 05/15/20300.3%
Kraft Heinz Foods Co4.375% 06/01/20460.3%
Pacific Gas and Electric Co4.550% 07/01/20300.3%
Japan Government Thirty Year Bond0.600% 09/20/20500.3%
Toronto Hydro Corp3.540% 11/18/20210.3%
Verus Securitization Trust 2020-12.417% 01/25/20600.3%
Goodman US Finance Three LLC3.700% 03/15/20280.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Portugal Obrigacoes do Tesouro OT0.300% 10/17/20310.3%
CSAIL 2016-C7 Commercial Mortgage Trust4.534% 11/15/20490.3%
State of California Department of Water Resources1.789% 12/01/20350.3%
Neuberger Berman Group LLC / Neuberger Berman Fina4.875% 04/15/20450.3%
HCA Inc5.500% 06/15/20470.3%
Glencore Funding LLC4.875% 03/12/20290.3%
China Government Bond3.860% 07/22/20490.3%
Dell International LLC / EMC Corp.8.350% 07/15/20460.3%
Great Wolf Trust 2019-WOLF1.130% 12/15/20360.3%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.3%
Ecopetrol SA5.875% 05/28/20450.3%
Diamondback Energy Inc3.500% 12/01/20290.3%
COMM 2015-PC1 Mortgage Trust4.463% 07/10/20500.3%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.3%
International Bank for Reconstruction & Developmen0.401% 02/11/20310.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.2%
International Bank for Reconstruction & Developmen0.250% 01/29/20290.2%
Metropolitan Transportation Authority6.668% 11/15/20390.2%
New York City Transitional Fin Auth1.950% 08/01/20340.2%
IPALCO Enterprises Inc4.250% 05/01/20300.2%
Bath & Body Works Inc6.625% 10/01/20300.2%
International Bank for Reconstruction & Developmen1.200% 07/22/20260.2%
Ford Motor Co9.625% 04/22/20300.2%
COMM 2015-PC1 Mortgage Trust4.463% 07/10/20500.2%
Origin Energy Finance Ltd5.450% 10/14/20210.2%
Petroleos Mexicanos6.750% 09/21/20470.2%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.2%
Delta Air Lines Inc7.000% 05/01/20250.2%
NGPL Pipeco LLC3.250% 07/15/20310.2%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.875% 03/01/20310.2%
MEG Energy Corp7.125% 02/01/20270.2%
Aadvantage Loyalty IP5.500% 03/10/20280.2%
Spain Government Bond1.000% 10/31/20500.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
Republic of South Africa Government Bond8.750% 02/28/20480.2%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
Teva Pharmaceutical Finance Netherlands III BV2.800% 07/21/20230.2%
United AirLines, Inc.4.500% 04/14/20280.2%
Continental Resources Inc/OK5.750% 01/15/20310.2%
Liberty Utilities Finance GP 12.050% 09/15/20300.2%
21Vianet Group Inc0.000% 02/01/20260.2%
FirstEnergy Corp4.400% 07/15/20270.2%
Charter Communications Operating LLC6.484% 10/23/20450.2%
Laredo Petroleum Inc9.500% 01/15/20250.2%
Hudbay Minerals Inc6.125% 04/01/20290.2%
BCP Raptor II LLC4.835% 10/22/20250.2%
Glencore Funding LLC2.850% 04/27/20310.2%
Magnite, Inc.5.750% 03/31/20280.2%
Avis Budget Car Rental LLC / Avis Budget Finance,4.750% 04/01/20280.2%
Brazos Delaware II, LLC4.088% 05/21/20250.2%
Kuehg Corp4.750% 02/14/20250.2%
United PF Holdings LLC4.147% 12/30/20260.2%
Grab Holdings Inc5.500% 01/14/20260.2%
Learning Care Group (US) No. 2 Inc.4.250% 03/13/20250.1%
Cvent, Inc.3.835% 11/29/20240.1%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.1%
Ccs-Cmgc Holdings Inc5.585% 10/01/20250.1%
Spring Education Group, Inc.4.397% 07/30/20250.1%
Newell Brands Inc5.875% 04/01/20360.1%
Claros Mortgage Trust Inc.6.000% 08/05/20260.1%
Netflix Inc5.875% 02/15/20250.1%
Apache Corp4.375% 10/15/20280.1%
CCM Merger Inc6.375% 05/01/20260.1%
EQT Corp5.000% 01/15/20290.1%
NCL Corp Ltd12.250% 05/15/20240.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
Australia Government Bond3.000% 03/21/20470.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.396% 06/15/20320.1%
Royal Caribbean Cruises Ltd9.125% 06/15/20230.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
Chemours Co/The5.375% 05/15/20270.1%
Sabre GLBL Inc7.375% 09/01/20250.1%
Carnival Corp11.500% 04/01/20230.1%
Polaris Newco LLC4.500% 06/03/20280.1%
Avaya Inc6.125% 09/15/20280.1%
Centene Corp3.375% 02/15/20300.1%
Illuminate Buyer LLC / Illuminate Holdings IV Inc9.000% 07/01/20280.1%
Caesars Entertainment Inc8.125% 07/01/20270.1%
Nationstar Mortgage Holdings Inc5.500% 08/15/20280.1%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.1%
MGM Resorts International5.500% 04/15/20270.1%
American Homes 4 Rent LP2.375% 07/15/20310.1%
City Football Group Ltd4.000% 07/08/20280.1%
TransDigm Inc4.625% 01/15/20290.1%
Weekley Homes LLC / Weekley Finance Corp.4.875% 09/15/20280.1%
AG Issuer LLC6.250% 03/01/20280.1%
Petrobras Global Finance BV5.600% 01/03/20310.1%
Invitation Homes Operating Partnership LP2.000% 08/15/20310.1%
Range Resources Corp8.250% 01/15/20290.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.750% 10/20/20280.1%
Akumin Inc7.000% 11/01/20250.1%
Centennial Resource Production LLC5.375% 01/15/20260.1%
Ovintiv Inc6.500% 02/01/20380.1%
Buckeye Partners LP6.375% 01/22/20780.1%
Hawaiian Brand Intellectual Property Ltd / Hawaiia5.750% 01/20/20260.1%
American Airlines Group Inc3.750% 03/01/20250.1%
LCM Investments Holdings II LLC4.875% 05/01/20290.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
Matador Resources Co5.875% 09/15/20260.1%
Mattel Inc5.450% 11/01/20410.1%
Occidental Petroleum Corp6.125% 01/01/20310.1%
United States Steel Corp6.650% 06/01/20370.1%
General Motors Co6.125% 10/01/20250.1%
Cleveland-Cliffs Inc4.875% 03/01/20310.1%
Ashland LLC6.875% 05/15/20430.1%
Centene Corp2.625% 08/01/20310.1%
Nabors Industries Ltd7.250% 01/15/20260.1%
Assurant Inc2.650% 01/15/20320.1%
Century Aluminum Co7.500% 04/01/20280.1%
Triumph Group Inc7.750% 08/15/20250.1%
Urban One Inc7.375% 02/01/20280.1%
Clear Channel Outdoor Holdings Inc7.750% 04/15/20280.1%
Affinity Gaming6.875% 12/15/20270.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
Ait Worldwide Logistic H5.500% 03/30/20280.1%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.1%
TechnipFMC PLC6.500% 02/01/20260.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
Kaiser Aluminum Corp4.625% 03/01/20280.1%
Vivid Seats4.500% 06/30/20240.1%
Autokiniton US Holdings5.000% 03/29/20280.1%
Innovative Chemical Products4.250% 12/01/20230.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
PDC Energy Inc5.750% 05/15/20260.1%
Murphy Oil Corp5.875% 12/01/20270.1%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.1%
Chassix Inc6.116% 11/10/20230.1%
Chobani LLC / Chobani Finance Corp Inc4.625% 11/15/20280.1%
KINGPIN INTERMEDIATE HO4.500% 07/03/20240.1%
CrownRock LP / CrownRock Finance Inc5.000% 05/01/20290.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Gulfport Energy Operating Corp8.000% 05/17/20260.1%
Miller's Ale House, Inc.4.837% 05/30/20250.1%
Pug LLC3.585% 01/31/20270.1%
Legends Hospitality Holding Co LLC / Legends Hospi5.000% 02/01/20260.1%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.1%
Bausch Health Cos Inc5.250% 01/30/20300.1%
Edgewater Generation LLC3.835% 12/13/20250.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
OneMain Finance Corp5.375% 11/15/20290.1%
Popular Inc6.125% 09/14/20230.1%
Netflix Inc4.875% 06/15/20300.1%
VeriFone Systems, Inc.4.129% 08/20/20250.1%
Uber Technologies Inc8.000% 11/01/20260.1%
iQIYI Inc2.000% 04/01/20250.1%
Griffon Corp5.750% 03/01/20280.1%
Engineered Machinery Hol7.250% 05/06/20290.1%
Watco Cos LLC / Watco Finance Corp6.500% 06/15/20270.1%
Gap Inc/The8.875% 05/15/20270.1%
FX USD/GBP 09/210.000% 09/08/20210.1%
CommScope Inc7.125% 07/01/20280.1%
GrubHub Holdings Inc5.500% 07/01/20270.1%
Transocean Proteus Ltd6.250% 12/01/20240.1%
Skyworks Solutions Inc3.000% 06/01/20310.1%
Boyd Gaming Corp4.750% 12/01/20270.1%
Park River Holdings Inc5.625% 02/01/20290.1%
Penn National Gaming Inc5.625% 01/15/20270.1%
Calpine Corp5.125% 03/15/20280.1%
Presidio Holdings Inc4.875% 02/01/20270.1%
Williams Scotsman International Inc4.625% 08/15/20280.1%
Spectacle Gary Holding11.000% 10/17/20240.1%
Navient Corp6.750% 06/25/20250.1%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.1%
Surgery Center Holdings Inc10.000% 04/15/20270.1%
Clear Channel Outdoor Holding3.628% 08/09/20260.1%
Outfront Media Capital LLC / Outfront Media Capita4.250% 01/15/20290.1%
BBCMS 2019-BWAY Mortgage Trust1.052% 11/15/20340.1%
Cleveland-Cliffs Inc4.625% 03/01/20290.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.500% 10/20/20250.1%
Block Communications Inc4.875% 03/01/20280.1%
Boyd Gaming Corp4.750% 06/15/20310.1%
DISH DBS Corp7.750% 07/01/20260.1%
Ahead DB Holdings LLC6.625% 05/01/20280.1%
SM Energy Co6.750% 09/15/20260.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
BBCMS 2019-BWAY Mortgage Trust1.406% 11/15/20340.1%
Solaris Midstream Holdings LLC7.625% 04/01/20260.1%
Carvana Co5.875% 10/01/20280.1%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.1%
Twilio Inc3.875% 03/15/20310.1%
Ken Garff Automotive LLC4.875% 09/15/20280.1%
Osmosis Buyer Limited0.000% 06/17/20280.1%
Indigo Natural Resources LLC5.375% 02/01/20290.1%
Tronox Inc4.625% 03/15/20290.1%
VeriSign Inc2.700% 06/15/20310.1%
Sprint Capital Corp6.875% 11/15/20280.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.096% 06/15/20320.1%
Tri Pointe Homes Inc5.250% 06/01/20270.1%
Boyne USA Inc4.750% 05/15/20290.1%
Twilio Inc3.625% 03/15/20290.1%
Hecla Mining Co7.250% 02/15/20280.1%
Radiology Partners Inc9.250% 02/01/20280.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
United Airlines Inc4.625% 04/15/20290.1%
Brundage-Bone Concrete Pumping Holdings Inc6.000% 02/01/20260.1%
Yamana Gold Inc2.630% 08/15/20310.1%
Tri Pointe Homes Inc5.700% 06/15/20280.1%
EQT Corp3.625% 05/15/20310.1%
Suzano Austria GmbH3.750% 01/15/20310.1%
United Airlines Inc4.375% 04/15/20260.1%
Austin BidCo Inc7.125% 12/15/20280.0%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.0%
Navient Corp5.000% 03/15/20270.0%
Credit Index Swap1.000% 06/20/20260.0%
SM Energy Co5.625% 06/01/20250.0%
FX CNH/USD 10/210.000% 10/21/20210.0%
FX THB/USD 11/210.000% 11/17/20210.0%
Osmosis Debt Merger Sub4.500% 06/17/20280.0%
FX USD/BRL 09/210.000% 09/21/20210.0%
FX CNH/USD 10/210.000% 10/21/20210.0%
FX CAD/USD 10/210.000% 10/20/20210.0%
Spectacle Gary Holding11.000% 11/07/20250.0%
FX USD/ZAR 09/210.000% 09/28/20210.0%
FX KRW/USD 11/210.000% 11/12/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX COP/USD 11/210.000% 11/04/20210.0%
FX RUB/USD 11/210.000% 11/23/20210.0%
FX NZD/USD 10/210.000% 10/29/20210.0%
FX MXN/USD 09/210.000% 09/20/20210.0%
FX SEK/USD 10/210.000% 10/21/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/GBP 09/210.000% 09/08/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
US 10YR ULTRA FUT DEC210.000% 12/31/20210.0%
US 5YR NOTE (CBT) DEC210.000% 01/05/20220.0%
FX EUR/USD 09/210.000% 09/10/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX EUR/USD 09/210.000% 09/10/20210.0%
FX USD/AUD 12/210.000% 12/01/20210.0%
FX CHF/USD 10/210.000% 10/21/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX MYR/USD 09/210.000% 09/09/20210.0%
FX NOK/USD 09/210.000% 09/13/20210.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
FX USD/MYR 09/210.000% 09/09/20210.0%
FX GBP/USD 09/210.000% 09/08/20210.0%
FX KRW/USD 11/210.000% 11/12/20210.0%
FX EUR/USD 09/210.000% 09/10/20210.0%
FX BRL/USD 09/210.000% 09/21/20210.0%
FX EUR/USD 09/210.000% 09/10/20210.0%
Credit Index Swap5.000% 06/20/20260.0%
FX JPY/USD 11/210.000% 11/08/2021-0.1%

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 09/30/2021

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 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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