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

Daily price w/o sales charge as of 01/27/2021

$10.56

arrowDown$0.03

YTD Returns w/o sales charge as of 01/27/2021

-0.39%

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 01/27/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.44% 0.19%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.56% 0.00%

Fund Basicsas of 12/31/2020

Total Net Assets
$12.24 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
3.33%
Fund Net Expense Ratio
1.08%
Number of Holdings
347

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 7.75% 7.75% - - - 5.79%
Lipper Category Avg. Global Income Funds 7.87% 7.87% - - - -
Bloomberg Barclays Global Aggregate Index 9.20% 9.20% - - - 6.77%

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 7.75% 7.75% - - - 5.79%
Lipper Category Avg. Global Income Funds 7.87% 7.87% - - - -
Bloomberg Barclays Global Aggregate Index 9.20% 9.20% - - - 6.77%

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-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

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 7.75% 7.75% - - - 5.79%
Lipper Category Avg. Global Income Funds 7.87% 7.87% - - - -
Bloomberg Barclays Global Aggregate Index 9.20% 9.20% - - - 6.77%

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 7.75% 7.75% - - - 5.79%
Lipper Category Avg. Global Income Funds 7.87% 7.87% - - - -
Bloomberg Barclays Global Aggregate Index 9.20% 9.20% - - - 6.77%

Fund Expense Ratio :

Gross 3.33%

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 Barclays 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 - - - - -0.39%
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
Sovereign Emerging
Currency
US Corp High Grade
Sovereign Developed
Non-US Corp High Yield
MBS Passthrough
ABS
Govt
MBS Other
CMBS
US Bank Loan High Yield
Municipals
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 12/31/2020

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 12/31/2020

Total Net Assets
$12.24 M
Number of Issues
347
Average Coupon
3.74%
Average Life
7.66 Years
Average Maturity
9.87 Years
Average Effective Duration
5.92 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 JAN 3.000% 01/01/2050 3.9%
Prosus NV 3.680% 01/21/2030 1.8%
Country Garden Holdings Co. Ltd. 4.750% 01/17/2023 1.7%
Egypt Government International Bond 4.550% 11/20/2023 1.7%
Galaxy Pipeline Assets Bidco Ltd 1.750% 09/30/2027 1.7%
China Development Bank 3.090% 06/18/2030 1.6%
Italy Buoni Poliennali Del Tesoro 1.850% 07/01/2025 1.3%
Federal National Mortgage Assoc. 3.500% 09/01/2047 1.3%
Comcast Corp. 1.500% 02/20/2029 1.2%
Republic of Indonesia 6.625% 02/17/2037 1.2%
% of Total Assets 17.4%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD DEC3.000% 12/01/20494.0%
Prosus NV3.680% 01/21/20301.9%
Country Garden Holdings Co. Ltd.4.750% 01/17/20231.8%
Egypt Government International Bond4.550% 11/20/20231.7%
Galaxy Pipeline Assets Bidco Ltd1.750% 09/30/20271.7%
China Development Bank3.090% 06/18/20301.6%
Italy Buoni Poliennali Del Tesoro1.850% 07/01/20251.3%
Federal National Mortgage Assoc.3.500% 09/01/20471.3%
Republic of Indonesia6.625% 02/17/20371.2%
Netflix, Inc.3.875% 11/15/20291.2%
Comcast Corp.1.500% 02/20/20291.2%
China Development Bank3.420% 07/02/20241.2%
Pinewood Finance Co Ltd3.250% 09/30/20251.2%
Republic of Chile1.875% 05/27/20301.1%
Ivory Coast Govt Intl Bnd5.125% 06/15/20251.1%
Signify NV2.375% 05/11/20271.1%
Spain Government Bond1.250% 10/31/20301.1%
AA Bond Co Ltd2.750% 07/31/20231.1%
Senegal Goverment International Bond4.750% 03/13/20281.1%
Mclaren Finance PLC5.000% 08/01/20221.1%
ABN Amro Bank NV2.875% 01/18/20281.1%
Eurofins Scientific SE2.125% 07/25/20241.1%
Cassa Depositi e Prestiti SpA1.500% 04/09/20251.1%
PartnerRe Ireland Finance DAC1.250% 09/15/20261.1%
Danske Bank A/S1.625% 03/15/20241.1%
Aroundtown SA1.450% 07/09/20281.1%
Ferro Corp.4.000% 09/18/20271.1%
Peach Property Finance GmbH4.375% 11/15/20251.1%
Dometic Group AB3.000% 05/08/20261.1%
Ubisoft Entertainment SA1.289% 01/30/20231.0%
Newell Rubbermaid, Inc.3.750% 10/01/20211.0%
IPD 3 BV5.500% 12/01/20251.0%
CeramTec BondCo GmbH5.250% 12/15/20251.0%
AT&T, Inc.2.875% 02/18/21701.0%
RCS & RDS SA3.250% 02/05/20281.0%
U.S. Treasury Note/Bond0.250% 10/31/20251.0%
Fairstone Financial Issuance Trust I3.948% 03/21/20331.0%
Japan Government Twenty Year Bond1.400% 09/20/20340.9%
Ukraine Government7.750% 09/01/20240.9%
United Kingdom Gilt1.500% 07/22/20470.9%
Credit Index Swap1.000% 06/20/20250.9%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.9%
Indonesia Treasury Bond7.500% 06/15/20350.9%
Perimeter Master Note Business Trust4.230% 05/15/20240.9%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.9%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.9%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.9%
Verus Securitization Trust 2020-51.218% 05/25/20650.8%
China Development Bank3.070% 03/10/20300.8%
China Development Bank3.680% 02/26/20260.8%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.7%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.7%
30-YR UMBS-TBA PROD DEC3.500% 09/01/20490.7%
Province of Alberta Canada2.050% 06/01/20300.7%
Verus Securitization Trust 2020-12.417% 01/25/20600.7%
Inter-American Development Bank2.750% 10/30/20250.7%
Kreditanstalt fur Wiederaufbau0.375% 07/18/20250.7%
European Bank for Reconstruction & Development1.625% 09/27/20240.6%
Israel Government International Bond1.500% 01/16/20290.6%
Portugal Obrigacoes do Tesouro OT4.100% 02/15/20450.6%
French Republic Government Bond OAT2.000% 05/25/20480.5%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.5%
City of Montreal Canada4.250% 12/01/20320.5%
Brightsphere Investment Group Inc4.800% 07/27/20260.5%
Province of Saskatchewan Canada4.750% 06/01/20400.5%
Spain Government Bond4.200% 01/31/20370.5%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.5%
Brazil Notas do Tesouro Nacional Serie F10.000% 01/01/20290.4%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.4%
Macquarie Bank Ltd.6.625% 04/07/20210.4%
NVR, Inc.3.000% 05/15/20300.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
ME Funding LLC 2019-16.448% 07/30/20490.4%
Puget Energy, Inc.4.100% 06/15/20300.4%
U.S. Treasury Note/Bond1.625% 11/15/20500.4%
General Motors Co.6.750% 04/01/20460.4%
Wells Fargo & Co.2.393% 06/02/20280.4%
Biogen Idec, Inc.2.250% 05/01/20300.4%
Toronto Hydro Corp3.540% 11/18/20210.3%
Italy Buoni Poliennali Del Tesoro1.350% 04/01/20300.3%
U.S. Treasury Note/Bond1.125% 05/15/20400.3%
Goodman US Finance Three LLC3.700% 03/15/20280.3%
Bank of America Corp.3.593% 07/21/20280.3%
Ecopetrol S.A.5.875% 05/28/20450.3%
HCA, Inc.5.500% 06/15/20470.3%
Owens Corning3.875% 06/01/20300.3%
AT&T, Inc.4.300% 02/15/20300.3%
Neuberger Berman Group LLC4.875% 04/15/20450.3%
Great Wolf Trust 2019-WOLF1.175% 12/15/20360.3%
JP Morgan Chase Commercial Mortgage Securities Tru1.141% 06/15/20320.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.3%
China Government Bond3.860% 07/22/20490.3%
Regeneron Pharmaceuticals, Inc.1.750% 09/15/20300.3%
Dell International LLC / EMC Corp.8.350% 07/15/20460.3%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
COMM Mortgage Trust4.576% 07/10/20500.2%
CSAIL 2016-C7 Commercial Mortgage Trust4.532% 11/15/20490.2%
Kraft Heinz Foods Co.4.375% 06/01/20460.2%
BAT Capital Corp1.160% 08/15/20220.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
Ford Motor Co9.625% 04/22/20300.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
Boeing Co.4.875% 05/01/20250.2%
COMM Mortgage Trust4.576% 07/10/20500.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
TransDigm, Inc.6.250% 03/15/20260.2%
Lithia Motors, Inc.4.375% 01/15/20310.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Murphy Oil USA, Inc.4.750% 09/15/20290.2%
DaVita, Inc.3.750% 02/15/20310.2%
Teva Pharmaceutical Finance Netherlands III BV2.800% 07/21/20230.2%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.2%
Conn's Receivables Funding 2019-B LLC2.660% 06/17/20240.2%
Liberty Utilities Finance GP 12.050% 09/15/20300.2%
Hewlett Packard Enterprise Co.0.998% 03/12/20210.2%
South Africa Government Bond8.750% 02/28/20480.2%
Boeing Co.5.040% 05/01/20270.2%
Mattel, Inc.5.450% 11/01/20410.2%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.2%
American Airlines Group, Inc.5.000% 06/01/20220.2%
HudBay Minerals, Inc.6.125% 04/01/20290.2%
CF Industries, Inc.5.150% 03/15/20340.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
Bundesrepublik Deutschland Bundesanleihe1.250% 08/15/20480.2%
Trimble Navigation Ltd.4.900% 06/15/20280.2%
Hyundai Capital America3.450% 03/12/20210.2%
Seven Generations Energy Ltd.5.375% 09/30/20250.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
Australian Government3.000% 03/21/20470.1%
Popular, Inc.6.125% 09/14/20230.1%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.1%
Netflix, Inc.5.875% 02/15/20250.1%
Newell Rubbermaid, Inc.5.875% 04/01/20360.1%
Royal Caribbean Cruises Ltd.9.125% 06/15/20230.1%
CCM Merger, Inc.6.375% 05/01/20260.1%
Fresh Market, Inc.9.750% 05/01/20230.1%
Sirius XM Radio, Inc.5.500% 07/01/20290.1%
NCL Corp. Ltd.12.250% 05/15/20240.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
Continental Resources, Inc.3.800% 06/01/20240.1%
Sabre GLBL, Inc.7.375% 09/01/20250.1%
NXP BV / NXP Funding LLC / NXP USA Inc3.150% 05/01/20270.1%
Springleaf Finance Corp.5.375% 11/15/20290.1%
American Axle & Manufacturing, Inc.6.875% 07/01/20280.1%
Apache Corp.4.375% 10/15/20280.1%
DISH DBS Corp.7.750% 07/01/20260.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Hartford Cnty Metro Dist, CT2.562% 04/01/20390.1%
Carnival Corp.11.500% 04/01/20230.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.441% 06/15/20320.1%
Illuminate Buyer LLC / Illuminate Holdings IV Inc9.000% 07/01/20280.1%
Ball Corp.2.875% 08/15/20300.1%
Avaya, Inc.6.125% 09/15/20280.1%
Range Resources Corp.9.250% 02/01/20260.1%
Prime Security Services Borrower LLC / Prime Finan3.375% 08/31/20270.1%
Molina Healthcare, Inc.3.875% 11/15/20300.1%
Live Nation Entertainment, Inc.4.750% 10/15/20270.1%
Nationstar Mortgage Holdings, Inc.5.500% 08/15/20280.1%
EQT Corp.5.000% 01/15/20290.1%
Centene Corp.3.375% 02/15/20300.1%
Eldorado Resorts, Inc.8.125% 07/01/20270.1%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.1%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.1%
LogMeIn, Inc.5.500% 09/01/20270.1%
MPH Acquisition Holdings LLC5.750% 11/01/20280.1%
Tenet Healthcare Corp.5.125% 11/01/20270.1%
Chemours Co.5.375% 05/15/20270.1%
BY Crown Parent LLC / BY Bond Finance Inc4.250% 01/31/20260.1%
L Brands, Inc.6.625% 10/01/20300.1%
Akumin Inc7.000% 11/01/20250.1%
Winnebago Industries, Inc.6.250% 07/15/20280.1%
FMG Finance Pty Ltd.4.500% 09/15/20270.1%
Avis Budget Car Rental LLC / Avis Budget Finance,6.375% 04/01/20240.1%
Emergent Biosolutions, Inc.3.875% 08/15/20280.1%
Western Gas Partners L.P.4.100% 02/01/20250.1%
HealthSouth Corp.4.750% 02/01/20300.1%
MGM Resorts International5.500% 04/15/20270.1%
EW Scripps Co.5.125% 05/15/20250.1%
Petrobras Global Finance BV5.600% 01/03/20310.1%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
Weekley Homes LLC / Weekley Finance Corp.4.875% 09/15/20280.1%
AG Issuer LLC6.250% 03/01/20280.1%
Omnova Solutions, Inc.4.750% 10/20/20280.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
MEG Energy Corp.7.125% 02/01/20270.1%
Match Group Holdings II LLC4.125% 08/01/20300.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
General Motors Co.6.125% 10/01/20250.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.875% 03/01/20310.1%
Ashland, Inc.6.875% 05/15/20430.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Occidental Petroleum Corp.2.700% 02/15/20230.1%
Chobani LLC / Chobani Finance Corp Inc4.625% 11/15/20280.1%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.1%
New Gold, Inc.7.500% 07/15/20270.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
Garda World Security Corp4.625% 02/15/20270.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.1%
CD&R Smokey Buyer Inc6.750% 07/15/20250.1%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.1%
Patrick Industries, Inc.7.500% 10/15/20270.1%
MEDNAX, Inc.6.250% 01/15/20270.1%
Global Payments, Inc.2.900% 05/15/20300.1%
Forterra Finance LLC / FRTA Finance Corp6.500% 07/15/20250.1%
Watco Cos. LLC / Watco Finance Corp.6.500% 06/15/20270.1%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.1%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.1%
Quicken Loans LLC5.250% 01/15/20280.1%
Bally's Corp6.750% 06/01/20270.1%
Griffon Corp.5.750% 03/01/20280.1%
Netflix, Inc.4.875% 06/15/20300.1%
GrubHub Holdings Inc5.500% 07/01/20270.1%
Presidio Holdings Inc4.875% 02/01/20270.1%
William Carter Co.5.625% 03/15/20270.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
Acadia Healthcare Co., Inc.5.000% 04/15/20290.1%
Calpine Corp.5.125% 03/15/20280.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Gap, Inc.8.875% 05/15/20270.1%
Travelport LLC5.625% 10/15/20280.1%
Williams Scotsman International Inc4.625% 08/15/20280.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.1%
NRG Energy, Inc.2.450% 12/02/20270.1%
Heartland Dental Care, LLC3.646% 04/30/20250.1%
LifePoint Hospitals, Inc.4.375% 02/15/20270.1%
Leidos, Inc.7.125% 07/01/20320.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Kuehg Corp4.750% 02/14/20250.1%
Navient Corp.6.750% 06/25/20250.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
Learning Care Group (US) No. 2 Inc.4.250% 03/13/20250.1%
Kestrel Bidco Inc4.000% 08/07/20260.1%
Adient US LLC7.000% 05/15/20260.1%
Select Medical Corp.6.250% 08/15/20260.1%
Clear Channel Outdoor Holding3.714% 08/09/20260.1%
Masonite International Corp.5.375% 02/01/20280.1%
Playtika Holding Corp7.000% 12/03/20240.1%
BBCMS 2019-BWAY Mortgage Trust1.097% 11/15/20340.1%
Mattamy Group Corp.4.625% 03/01/20300.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
Omnova Solutions, Inc.4.500% 10/20/20250.1%
Block Communications, Inc.4.875% 03/01/20280.1%
Enterprise Development Authority/The12.000% 07/15/20240.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
NEP/NCP Holdco Inc3.396% 10/05/20250.1%
Spectacle Gary Holdings, LLC11.000% 10/17/20240.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
United PF Holdings LLC4.220% 12/30/20260.1%
Freeport-McMoRan, Inc.4.375% 08/01/20280.1%
BBCMS 2019-BWAY Mortgage Trust1.451% 11/15/20340.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
Rite Aid Corp.8.000% 11/15/20260.1%
Ken Garff Automotive LLC4.875% 09/15/20280.1%
Carvana Co5.875% 10/01/20280.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Taylor Morrison Communities Inc5.125% 08/01/20300.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
Spain Government Bond2.700% 10/31/20480.1%
Med ParentCo LP4.396% 07/31/20260.1%
Park Intermediate Holdings LLC / PK Domestic Prope5.875% 10/01/20280.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 02/15/20280.1%
Radiology Partners Inc9.250% 02/01/20280.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Builders FirstSource, Inc.5.000% 03/01/20300.1%
Carnival Corp.7.625% 03/01/20260.1%
TRI Pointe Homes LLC5.700% 06/15/20280.1%
FX CNH/USD 01/210.000% 01/20/20210.1%
Bahia Sul Holdings GmbH3.750% 01/15/20310.1%
Republic of Peru2.392% 01/23/20260.1%
Pulte Group, Inc.5.500% 03/01/20260.1%
GLP Capital L.P. / GLP Financing II, Inc.5.750% 06/01/20280.1%
SM Energy Co.6.750% 09/15/20260.0%
FX MXN/USD 12/200.000% 12/18/20200.0%
NGPL Pipeco LLC4.875% 08/15/20270.0%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.0%
Hadrian Merger Sub Inc8.500% 05/01/20260.0%
Navient Corp.5.000% 03/15/20270.0%
FX AUD/USD 01/210.000% 01/29/20210.0%
FX EUR/USD 12/200.000% 12/04/20200.0%
FX EUR/USD 12/200.000% 12/04/20200.0%
FX EUR/USD 12/200.000% 12/04/20200.0%
Med ParentCo LP4.352% 07/31/20260.0%
FX MYR/USD 12/200.000% 12/15/20200.0%
FX EUR/USD 12/200.000% 12/04/20200.0%
FX GBP/USD 12/200.000% 12/08/20200.0%
FX SEK/USD 01/210.000% 01/15/20210.0%
Leidos, Inc.5.500% 07/01/20330.0%
FX COP/USD 02/210.000% 02/12/20210.0%
FX PLN/USD 12/200.000% 12/04/20200.0%
FX NZD/USD 01/210.000% 01/29/20210.0%
FX NOK/USD 12/200.000% 12/11/20200.0%
FX CAD/USD 12/200.000% 12/15/20200.0%
FX EUR/USD 12/200.000% 12/04/20200.0%
Spectacle Gary Holding11.000% 11/07/20250.0%
FX USD/TWD 01/210.000% 01/13/20210.0%
FX RUB/USD 12/200.000% 12/02/20200.0%
FX THB/USD 02/210.000% 02/12/20210.0%
FX USD/RUB 12/200.000% 12/02/20200.0%
FX CAD/USD 12/200.000% 12/03/20200.0%
FX USD/JPY 01/210.000% 01/29/20210.0%
FX HUF/USD 12/200.000% 12/04/20200.0%
FX PEN/USD 01/210.000% 01/19/20210.0%
FX JPY/USD 01/210.000% 01/29/20210.0%
FX EUR/USD 12/200.000% 12/04/20200.0%
FX USD/PEN 01/210.000% 01/19/20210.0%
FX JPY/USD 01/210.000% 01/29/20210.0%
FX EUR/USD 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX CHF/USD 01/210.000% 01/29/20210.0%
FX USD/THB 02/210.000% 02/12/20210.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/IDR 01/210.000% 01/21/20210.0%
FX CAD/USD 12/200.000% 12/03/20200.0%
US LONG BOND(CBT) MAR210.000% 03/31/20210.0%
US ULTRA BOND CBT MAR210.000% 03/31/20210.0%
FX USD/CHF 01/210.000% 01/29/20210.0%
FX TWD/USD 01/210.000% 01/13/20210.0%
FX USD/AUD 02/210.000% 02/26/20210.0%
FX USD/RUB 12/200.000% 12/02/20200.0%
FX USD/SEK 01/210.000% 01/15/20210.0%
FX USD/MXN 12/200.000% 12/18/20200.0%
FX USD/PLN 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/INR 02/210.000% 02/12/20210.0%
FX PLN/USD 12/200.000% 12/04/20200.0%
FX USD/MYR 12/200.000% 12/15/20200.0%
FX INR/USD 02/210.000% 02/12/20210.0%
FX USD/AUD 01/210.000% 01/29/20210.0%
FX USD/COP 02/210.000% 02/12/20210.0%
FX KRW/USD 02/210.000% 02/18/20210.0%
FX USD/CAD 12/200.000% 12/03/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/CAD 12/200.000% 12/15/20200.0%
FX USD/CAD 12/200.000% 12/15/20200.0%
FX USD/CNH 01/210.000% 01/20/20210.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
Credit Index Swap1.000% 12/20/20250.0%
FX RUB/USD 02/210.000% 02/26/20210.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/CAD 12/200.000% 12/15/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/JPY 01/210.000% 01/29/20210.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/JPY 01/210.000% 01/29/20210.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/BRL 03/210.000% 03/25/20210.0%
FX HUF/USD 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX RUB/USD 12/200.000% 12/02/20200.0%
FX JPY/USD 01/210.000% 01/29/20210.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/NOK 12/200.000% 12/11/20200.0%
FX USD/IDR 01/210.000% 01/21/20210.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/CNH 01/210.000% 01/20/20210.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
Credit Index Swap5.000% 12/20/2025-0.1%

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 12/31/2020

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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Portfolio Holdings 1Q
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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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