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

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 04/21/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.94% 0.69%

30-Day Standardized Yield 2 as of 03/31/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.19% 0.73%

Fund Basicsas of 03/31/2021

Total Net Assets
$12.21 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.78%
Fund Net Expense Ratio
0.53%
Number of Holdings
345

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -3.24% 13.58% - - - 4.51%
Lipper Category Avg. Global Income Funds -3.09% 9.07% - - - -
Bloomberg Barclays Global Aggregate Index -4.46% 4.67% - - - 4.32%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -3.24% 13.58% - - - 4.51%
Lipper Category Avg. Global Income Funds -3.09% 9.07% - - - -
Bloomberg Barclays Global Aggregate Index -4.46% 4.67% - - - 4.32%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

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

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Performance

Performance

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -3.24% 13.58% - - - 4.51%
Lipper Category Avg. Global Income Funds -3.09% 9.07% - - - -
Bloomberg Barclays Global Aggregate Index -4.46% 4.67% - - - 4.32%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -3.24% 13.58% - - - 4.51%
Lipper Category Avg. Global Income Funds -3.09% 9.07% - - - -
Bloomberg Barclays Global Aggregate Index -4.46% 4.67% - - - 4.32%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

Year Fund Returns Bloomberg Barclays Global Aggregate Index
2020 8.37% 9.20%
2019 8.66% 6.84%
2018 -1.28% -1.20%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -3.24% - - - -1.46%
2020 -7.68% 6.48% 4.37% 5.62% 8.37%
2019 3.36% 3.43% 0.08% 1.56% 8.66%
2018 - - - -1.02% -1.28%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
US Corp High Yield
Non-US Corp High Grade
Currency
Sovereign Developed
Sovereign Emerging
Non-US Corp High Yield
US Corp High Grade
Govt
ABS
US Bank Loan High Yield
MBS Other
MBS Passthrough
CMBS
Municipals
Convertibles
Non-US Bank Loan High Yield
Cash
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

Credit Quality Distribution as of 03/31/2021

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
BB
B
CCC
Not Rated

Portfolio Positioning as of 03/31/2021

  • The Fund maintains a flexible, multi-sector approach with the ability to invest in bonds across multiple sectors in developed and emerging markets located throughout the world. Primary sector allocations include investment grade and high yield corporate bonds, sovereign debt, MBS, and ABS.
  • The most notable change to the Fund’s composition over the quarter was an increase to government related securities. The increase was mostly U.S. taxable municipal bonds that were purchased early in the quarter as we believed another large stimulus package would include aid for state and local governments.
  • We decreased exposure to emerging market sovereign debt over the quarter as we developed a view that U.S. Treasury yields would rise significantly. Within the asset class, we reduced exposure to China, as we believed the market was too optimistic that the new U.S. Presidential Administration would quickly improve U.S.-China relations.
  • While there are short-term volatility risks stemming from COVID-19, we believe economic fundamentals will have an upward trajectory in 2021 as vaccinations continue to lead to a gradual reopening of the economy and latent demand, dormant services, and consumer spending all begin to normalize to pre-pandemic levels. With the Fed’s new approach to monetary policy, an anchored short-end of the yield curve, negative real yields, and very low volatility, the demand for risk can be very strong.

Portfolio Details as of 03/31/2021

Total Net Assets
$12.21 M
Number of Issues
345
Average Coupon
3.55%
Average Life
7.71 Years
Average Maturity
9.68 Years
Average Effective Duration
5.4 Years

Fees & Expenses

Fees & Expenses

Expense Ratioas of 03/31/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
2.78% 0.53%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015

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