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 02/01/2023

$8.38

arrowUp$0.06

YTD Returns w/o sales charge as of 02/01/2023

4.03%

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 02/01/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.57% 1.57%
w/ sales charge 3.49% 1.53%

30-Day Standardized Yield 2 as of 12/31/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.89% 2.05%

Average Yield to Worst as of 12/30/2022

5.19%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

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.

Expense Ratioas of 12/31/2022

Expense ratio details, Click here.

Fund Basicsas of 12/30/2022

Total Net Assets
$9.92 M
Inception Date
08/01/2018
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
285
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

Gross 2.78%

Net 0.78%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 3.28% -10.94% -3.18% - - -0.49%
Lipper Category Avg. Global Income Funds - - - - - -
Bloomberg Global Aggregate Index 3.28% -11.69% -3.86% - - -0.77%
w/ sales charge 0.91% -12.93% -3.90% - - -0.99%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 2.78%

Net 0.78%

Fund Expense Ratio :

Gross 2.78%

Net 0.78%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -15.44% -15.44% -3.92% - - -1.22%
Lipper Category Avg. Global Income Funds -13.50% -13.50% -3.34% - - -
Bloomberg Global Aggregate Index -16.25% -16.25% -4.48% - - -1.51%
w/ sales charge -17.38% -17.38% -4.63% - - -1.73%

Fund Expense Ratio :

Gross 2.78%

Net 0.78%

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 2.78%

Net 0.78%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 3.28% -10.94% -3.18% - - -0.49%
Lipper Category Avg. Global Income Funds - - - - - -
Bloomberg Global Aggregate Index 3.28% -11.69% -3.86% - - -0.77%
w/ sales charge 0.91% -12.93% -3.90% - - -0.99%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 2.78%

Net 0.78%

Fund Expense Ratio :

Gross 2.78%

Net 0.78%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -15.44% -15.44% -3.92% - - -1.22%
Lipper Category Avg. Global Income Funds -13.50% -13.50% -3.34% - - -
Bloomberg Global Aggregate Index -16.25% -16.25% -4.48% - - -1.51%
w/ sales charge -17.38% -17.38% -4.63% - - -1.73%

Fund Expense Ratio :

Gross 2.78%

Net 0.78%

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
2022 -15.44% -16.25%
2021 -3.02% -4.71%
2020 8.18% 9.20%
2019 8.32% 6.84%
2018 -1.42% -1.20%
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 - - - - 4.03%
2022 -6.24% -9.97% -5.21% 5.67% -15.44%
2021 -3.39% 2.15% -0.90% -0.85% -3.02%
2020 -7.75% 6.41% 4.31% 5.65% 8.18%
2019 3.28% 3.35% 0.00% 1.48% 8.32%
2018 - - - -1.10% -1.42%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
US Corp High Grade
Sovereign Developed
Non-US Corp High Grade
Sovereign Emerging
Non-US Corp High Yield
US Corp High Yield
Currency
MBS Passthrough
ABS
Govt
CMBS
CLO
MBS Other
Municipals
Convertibles
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 12/30/2022

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
BB
B
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 12/30/2022

Total Net Assets
$9.92 M
Number of Issues
285
Average Coupon
3.33%
Average Life
6.4 Years
Average Maturity
8.33 Years
Average Effective Duration
4.58 Years
Average Yield to Worst
5.19%

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 3.000% 08/15/2052 2.3%
China Development Bank 3.090% 06/18/2030 1.9%
China Development Bank 3.480% 01/08/2029 1.6%
Galaxy Pipeline Assets Bidco Ltd 1.750% 09/30/2027 1.5%
Dominican Republic International Bond 5.500% 02/22/2029 1.4%
Japan Government Ten Year Bond 0.100% 03/20/2028 1.4%
United States Treasury Note/Bond 4.000% 11/15/2042 1.3%
Stonegate Pub Co Financing 2019 PLC 8.250% 07/31/2025 1.2%
Pinewood Finance Co Ltd 3.250% 09/30/2025 1.1%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV 3.000% 10/25/2027 1.1%
% of Total Assets 14.8%
Holding Coupon Maturity Assets
United States Treasury Note/Bond3.000% 08/15/20522.3%
United States Treasury Note/Bond3.000% 08/15/20522.3%
China Development Bank3.090% 06/18/20301.9%
China Development Bank3.090% 06/18/20301.9%
China Development Bank3.480% 01/08/20291.6%
China Development Bank3.480% 01/08/20291.6%
Galaxy Pipeline Assets Bidco Ltd1.750% 09/30/20271.5%
Galaxy Pipeline Assets Bidco Ltd1.750% 09/30/20271.5%
Dominican Republic International Bond5.500% 02/22/20291.4%
Japan Government Ten Year Bond0.100% 03/20/20281.4%
Dominican Republic International Bond5.500% 02/22/20291.4%
Japan Government Ten Year Bond0.100% 03/20/20281.4%
United States Treasury Note/Bond4.000% 11/15/20421.3%
United States Treasury Note/Bond4.000% 11/15/20421.3%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20251.2%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20251.2%
Pinewood Finance Co Ltd3.250% 09/30/20251.1%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV3.000% 10/25/20271.1%
Getlink SE3.500% 10/30/20251.1%
OI European Group BV2.875% 02/15/20251.1%
Colombia Government International Bond3.875% 03/22/20261.1%
Molson Coors Beverage Co1.250% 07/15/20241.1%
Pinewood Finance Co Ltd3.250% 09/30/20251.1%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV3.000% 10/25/20271.1%
Getlink SE3.500% 10/30/20251.1%
OI European Group BV2.875% 02/15/20251.1%
Colombia Government International Bond3.875% 03/22/20261.1%
Molson Coors Beverage Co1.250% 07/15/20241.1%
Schneider Electric SE1.841% 10/13/20251.0%
Japan Government Ten Year Bond0.100% 12/20/20311.0%
Province of Quebec Canada0.875% 01/15/20251.0%
European Stability Mechanism1.000% 09/23/20251.0%
Rolls-Royce PLC0.875% 05/09/20241.0%
Comcast Corp1.500% 02/20/20291.0%
Societe Generale SA1.125% 04/21/20261.0%
Techem Verwaltungsgesellschaft 675 mbH2.000% 07/15/20251.0%
Venture 33 CLO Ltd5.139% 07/15/20311.0%
VERDE CLO Ltd5.179% 04/15/20321.0%
Almirall SA2.125% 09/30/20261.0%
Suez SACA1.875% 05/24/20271.0%
Life 2022-BMR Mortgage Trust4.671% 05/15/20391.0%
Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd5.226% 05/15/20371.0%
Lorca Telecom Bondco SA4.000% 09/18/20271.0%
UPCB Finance VII Ltd3.625% 06/15/20291.0%
PartnerRe Ireland Finance DAC1.250% 09/15/20261.0%
China Development Bank3.070% 03/10/20301.0%
Japan Bank for International Cooperation1.500% 06/01/20291.0%
Vestas Wind Systems Finance BV1.500% 06/15/20291.0%
Schneider Electric SE1.841% 10/13/20251.0%
Japan Government Ten Year Bond0.100% 12/20/20311.0%
Province of Quebec Canada0.875% 01/15/20251.0%
European Stability Mechanism1.000% 09/23/20251.0%
Rolls-Royce PLC0.875% 05/09/20241.0%
Comcast Corp1.500% 02/20/20291.0%
Societe Generale SA1.125% 04/21/20261.0%
Techem Verwaltungsgesellschaft 675 mbH2.000% 07/15/20251.0%
Venture 33 CLO Ltd5.139% 07/15/20311.0%
VERDE CLO Ltd5.179% 04/15/20321.0%
Almirall SA2.125% 09/30/20261.0%
Suez SACA1.875% 05/24/20271.0%
Life 2022-BMR Mortgage Trust4.671% 05/15/20391.0%
Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd5.226% 05/15/20371.0%
Lorca Telecom Bondco SA4.000% 09/18/20271.0%
UPCB Finance VII Ltd3.625% 06/15/20291.0%
PartnerRe Ireland Finance DAC1.250% 09/15/20261.0%
China Development Bank3.070% 03/10/20301.0%
Japan Bank for International Cooperation1.500% 06/01/20291.0%
Vestas Wind Systems Finance BV1.500% 06/15/20291.0%
China Development Bank3.680% 02/26/20260.9%
Fannie Mae Pool3.000% 10/01/20500.9%
Perimeter Master Note Business Trust4.230% 05/15/20240.9%
Cellnex Telecom SA1.875% 06/26/20290.9%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.9%
Ren Finance BV0.500% 04/16/20290.9%
China Development Bank3.680% 02/26/20260.9%
Fannie Mae Pool3.000% 10/01/20500.9%
Perimeter Master Note Business Trust4.230% 05/15/20240.9%
Cellnex Telecom SA1.875% 06/26/20290.9%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.9%
Ren Finance BV0.500% 04/16/20290.9%
Linde Finance BV0.550% 05/19/20320.8%
Mondelez International Holdings Netherlands BV0.625% 09/09/20320.8%
United Group BV5.250% 02/01/20300.8%
Indonesia Government International Bond1.300% 03/23/20340.8%
Province of Ontario Canada3.100% 05/19/20270.8%
30-YR GNMA II-TBA PROD FEB6.000% 11/01/20520.8%
Fannie Mae Pool2.500% 09/01/20510.8%
Action Logement Services0.500% 10/30/20340.8%
Linde Finance BV0.550% 05/19/20320.8%
Mondelez International Holdings Netherlands BV0.625% 09/09/20320.8%
United Group BV5.250% 02/01/20300.8%
Indonesia Government International Bond1.300% 03/23/20340.8%
Province of Ontario Canada3.100% 05/19/20270.8%
30-YR GNMA II-TBA PROD FEB6.000% 11/01/20520.8%
Fannie Mae Pool2.500% 09/01/20510.8%
Action Logement Services0.500% 10/30/20340.8%
TenneT Holding BV0.125% 11/30/20320.7%
Kreditanstalt fuer Wiederaufbau0.375% 07/18/20250.7%
FX JPY/USD 02/230.000% 02/14/20230.7%
International Finance Corp4.390% 06/30/20230.7%
Bundesrepublik Deutschland Bundesanleihe1.000% 05/15/20380.7%
TenneT Holding BV0.125% 11/30/20320.7%
Kreditanstalt fuer Wiederaufbau0.375% 07/18/20250.7%
FX JPY/USD 02/230.000% 02/14/20230.7%
International Finance Corp4.390% 06/30/20230.7%
Bundesrepublik Deutschland Bundesanleihe1.000% 05/15/20380.7%
Amazon.com Inc4.700% 12/01/20320.6%
JPMorgan Chase & Co2.580% 04/22/20320.6%
30-YR GNMA II-TBA PROD FEB5.000% 10/01/20520.6%
EQT Corp7.000% 02/01/20300.6%
Japan Government Thirty Year Bond1.400% 09/20/20520.6%
Turkey Government International Bond7.375% 02/05/20250.6%
Citigroup Inc2.561% 05/01/20320.6%
Continental Resources Inc/OK5.750% 01/15/20310.6%
Amazon.com Inc4.700% 12/01/20320.6%
JPMorgan Chase & Co2.580% 04/22/20320.6%
30-YR GNMA II-TBA PROD FEB5.000% 10/01/20520.6%
EQT Corp7.000% 02/01/20300.6%
Japan Government Thirty Year Bond1.400% 09/20/20520.6%
Turkey Government International Bond7.375% 02/05/20250.6%
Citigroup Inc2.561% 05/01/20320.6%
Continental Resources Inc/OK5.750% 01/15/20310.6%
European Bank for Reconstruction & Development0.000% 01/10/20240.5%
CVS Health Corp3.250% 08/15/20290.5%
European Investment Bank2.250% 03/15/20300.5%
BA Credit Card Trust5.000% 04/17/20280.5%
Discover Card Execution Note Trust5.030% 10/15/20270.5%
Ford Credit Auto Owner Trust 2022-D5.270% 05/17/20270.5%
Verizon Master Trust5.230% 11/22/20270.5%
Oracle Corp6.250% 11/09/20320.5%
Comcast Corp5.500% 11/15/20320.5%
French Republic Government Bond OAT2.000% 11/25/20320.5%
Discover Card Execution Note Trust3.560% 07/15/20270.5%
ME Funding LLC 2019-16.448% 07/30/20490.5%
Queensland Treasury Corp3.250% 07/21/20260.5%
Intercontinental Exchange Inc4.000% 09/15/20270.5%
Colombian TES7.500% 08/26/20260.5%
15-YR UMBS-TBA PROD JAN5.000% 10/01/20370.5%
European Bank for Reconstruction & Development0.000% 01/10/20240.5%
CVS Health Corp3.250% 08/15/20290.5%
European Investment Bank2.250% 03/15/20300.5%
BA Credit Card Trust5.000% 04/17/20280.5%
Discover Card Execution Note Trust5.030% 10/15/20270.5%
Ford Credit Auto Owner Trust 2022-D5.270% 05/17/20270.5%
Verizon Master Trust5.230% 11/22/20270.5%
Oracle Corp6.250% 11/09/20320.5%
Comcast Corp5.500% 11/15/20320.5%
French Republic Government Bond OAT2.000% 11/25/20320.5%
Discover Card Execution Note Trust3.560% 07/15/20270.5%
ME Funding LLC 2019-16.448% 07/30/20490.5%
Queensland Treasury Corp3.250% 07/21/20260.5%
Intercontinental Exchange Inc4.000% 09/15/20270.5%
Colombian TES7.500% 08/26/20260.5%
15-YR UMBS-TBA PROD JAN5.000% 10/01/20370.5%
T-Mobile USA Inc3.875% 04/15/20300.4%
Southern Co/The2.700% 08/01/20240.4%
Nordic Investment Bank0.125% 06/10/20240.4%
30-YR UMBS-TBA PROD JAN6.500% 11/01/20520.4%
International Bank for Reconstruction & Development4.207% 11/22/20280.4%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.4%
UnitedHealth Group Inc4.000% 05/15/20290.4%
FactSet Research Systems Inc3.450% 03/01/20320.4%
Province of Saskatchewan Canada4.750% 06/01/20400.4%
US Bancorp4.967% 07/22/20330.4%
Queensland Treasury Corp1.500% 03/02/20320.4%
Fannie Mae Pool3.500% 04/01/20520.4%
International Finance Corp0.375% 09/10/20250.4%
Workday Inc3.800% 04/01/20320.4%
T-Mobile USA Inc3.875% 04/15/20300.4%
Southern Co/The2.700% 08/01/20240.4%
Nordic Investment Bank0.125% 06/10/20240.4%
30-YR UMBS-TBA PROD JAN6.500% 11/01/20520.4%
International Bank for Reconstruction & Development4.207% 11/22/20280.4%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.4%
UnitedHealth Group Inc4.000% 05/15/20290.4%
FactSet Research Systems Inc3.450% 03/01/20320.4%
Province of Saskatchewan Canada4.750% 06/01/20400.4%
US Bancorp4.967% 07/22/20330.4%
Queensland Treasury Corp1.500% 03/02/20320.4%
Fannie Mae Pool3.500% 04/01/20520.4%
International Finance Corp0.375% 09/10/20250.4%
Workday Inc3.800% 04/01/20320.4%
Diamondback Energy Inc3.125% 03/24/20310.3%
Centene Corp3.375% 02/15/20300.3%
China Government Bond3.860% 07/22/20490.3%
Morgan Stanley2.484% 09/16/20360.3%
Great Wolf Trust 2019-WOLF5.352% 12/15/20360.3%
Ford Motor Co3.250% 02/12/20320.3%
International Flavors & Fragrances Inc1.230% 10/01/20250.3%
Verus Securitization Trust 2020-51.218% 05/25/20650.3%
Humana Inc5.875% 03/01/20330.3%
Goldman Sachs Group Inc/The2.383% 07/21/20320.3%
Southwest Gas Corp4.050% 03/15/20320.3%
Bank of America Corp2.687% 04/22/20320.3%
Freddie Mac STACR REMIC Trust 2022-HQA36.244% 08/25/20420.3%
United States Treasury Note/Bond2.000% 11/15/20410.3%
Freddie Mac STACR REMIC Trust 2021-DNA65.444% 10/25/20410.3%
30-YR GNMA II-TBA PROD FEB3.000% 01/01/20520.3%
Freddie Mac STACR REMIC Trust 2021-HQA44.894% 12/25/20410.3%
Crown Castle Inc3.300% 07/01/20300.3%
Cargill Inc4.000% 06/22/20320.3%
UnitedHealth Group Inc5.250% 02/15/20280.3%
Diamondback Energy Inc3.125% 03/24/20310.3%
Centene Corp3.375% 02/15/20300.3%
China Government Bond3.860% 07/22/20490.3%
Morgan Stanley2.484% 09/16/20360.3%
Great Wolf Trust 2019-WOLF5.352% 12/15/20360.3%
Ford Motor Co3.250% 02/12/20320.3%
International Flavors & Fragrances Inc1.230% 10/01/20250.3%
Verus Securitization Trust 2020-51.218% 05/25/20650.3%
Humana Inc5.875% 03/01/20330.3%
Goldman Sachs Group Inc/The2.383% 07/21/20320.3%
Southwest Gas Corp4.050% 03/15/20320.3%
Bank of America Corp2.687% 04/22/20320.3%
Freddie Mac STACR REMIC Trust 2022-HQA36.244% 08/25/20420.3%
United States Treasury Note/Bond2.000% 11/15/20410.3%
Freddie Mac STACR REMIC Trust 2021-DNA65.444% 10/25/20410.3%
30-YR GNMA II-TBA PROD FEB3.000% 01/01/20520.3%
Freddie Mac STACR REMIC Trust 2021-HQA44.894% 12/25/20410.3%
Crown Castle Inc3.300% 07/01/20300.3%
Cargill Inc4.000% 06/22/20320.3%
UnitedHealth Group Inc5.250% 02/15/20280.3%
CenterPoint Energy Resources Corp4.400% 07/01/20320.2%
BAT Capital Corp3.222% 08/15/20240.2%
Elevance Health Inc2.875% 09/15/20290.2%
Morgan Stanley4.431% 01/23/20300.2%
Philip Morris International Inc5.625% 11/17/20290.2%
30-YR UMBS-TBA PROD FEB4.000% 07/01/20520.2%
Bank of America Corp3.970% 03/05/20290.2%
Enerflex Ltd9.000% 10/15/20270.2%
French Republic Government Bond OAT0.750% 05/25/20520.2%
Ecopetrol SA4.625% 11/02/20310.2%
30-YR UMBS-TBA PROD FEB6.500% 11/01/20520.2%
IPALCO Enterprises Inc4.250% 05/01/20300.2%
Baltimore Gas and Electric Co4.550% 06/01/20520.2%
COMM 2015-PC1 Mortgage Trust4.293% 07/10/20500.2%
Xilinx Inc2.375% 06/01/20300.2%
Petroleos Mexicanos6.700% 02/16/20320.2%
Fannie Mae Pool4.000% 05/01/20520.2%
New York City Transitional Finance Authority Future Tax Secured Revenue1.950% 08/01/20340.2%
Ovintiv Inc6.500% 02/01/20380.2%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20520.2%
Wells Fargo & Co3.350% 03/02/20330.2%
Metropolitan Transportation Authority6.668% 11/15/20390.2%
JPMorgan Chase & Co2.963% 01/25/20330.2%
International Bank for Reconstruction & Development0.250% 01/29/20290.2%
Glencore Funding LLC4.875% 03/12/20290.2%
Charter Communications Operating LLC / Charter Communications Operating Capital2.250% 01/15/20290.2%
American Tower Corp3.800% 08/15/20290.2%
American Express Co4.420% 08/03/20330.2%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.2%
NGPL PipeCo LLC3.250% 07/15/20310.2%
Bank of New York Mellon Corp/The4.596% 07/26/20300.2%
Morgan Stanley2.239% 07/21/20320.2%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.2%
Republic of South Africa Government Bond8.750% 02/28/20480.2%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.2%
30-YR GNMA II-TBA PROD JAN5.000% 10/01/20520.2%
Constellation Energy Generation LLC6.250% 10/01/20390.2%
Ball Corp2.875% 08/15/20300.2%
Connecticut Avenue Securities Trust 2022-R086.494% 07/25/20420.2%
Duke Energy Corp4.500% 08/15/20320.2%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.2%
Freddie Mac Pool3.500% 02/01/20460.2%
Cigna Corp2.400% 03/15/20300.2%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.2%
Toronto-Dominion Bank/The4.456% 06/08/20320.2%
Ally Financial Inc8.000% 11/01/20310.2%
NiSource Inc2.950% 09/01/20290.2%
Occidental Petroleum Corp6.125% 01/01/20310.2%
Aircastle Ltd2.850% 01/26/20280.2%
Southwestern Energy Co5.375% 02/01/20290.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Civitas Resources Inc5.000% 10/15/20260.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Netflix Inc5.875% 02/15/20250.2%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.2%
Standard Industries Inc/NJ4.375% 07/15/20300.2%
CenterPoint Energy Resources Corp4.400% 07/01/20320.2%
BAT Capital Corp3.222% 08/15/20240.2%
Elevance Health Inc2.875% 09/15/20290.2%
Morgan Stanley4.431% 01/23/20300.2%
Philip Morris International Inc5.625% 11/17/20290.2%
30-YR UMBS-TBA PROD FEB4.000% 07/01/20520.2%
Bank of America Corp3.970% 03/05/20290.2%
Enerflex Ltd9.000% 10/15/20270.2%
French Republic Government Bond OAT0.750% 05/25/20520.2%
Ecopetrol SA4.625% 11/02/20310.2%
30-YR UMBS-TBA PROD FEB6.500% 11/01/20520.2%
IPALCO Enterprises Inc4.250% 05/01/20300.2%
Baltimore Gas and Electric Co4.550% 06/01/20520.2%
COMM 2015-PC1 Mortgage Trust4.293% 07/10/20500.2%
Xilinx Inc2.375% 06/01/20300.2%
Petroleos Mexicanos6.700% 02/16/20320.2%
Fannie Mae Pool4.000% 05/01/20520.2%
New York City Transitional Finance Authority Future Tax Secured Revenue1.950% 08/01/20340.2%
Ovintiv Inc6.500% 02/01/20380.2%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20520.2%
Wells Fargo & Co3.350% 03/02/20330.2%
Metropolitan Transportation Authority6.668% 11/15/20390.2%
JPMorgan Chase & Co2.963% 01/25/20330.2%
International Bank for Reconstruction & Development0.250% 01/29/20290.2%
Glencore Funding LLC4.875% 03/12/20290.2%
Charter Communications Operating LLC / Charter Communications Operating Capital2.250% 01/15/20290.2%
American Tower Corp3.800% 08/15/20290.2%
American Express Co4.420% 08/03/20330.2%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.2%
NGPL PipeCo LLC3.250% 07/15/20310.2%
Bank of New York Mellon Corp/The4.596% 07/26/20300.2%
Morgan Stanley2.239% 07/21/20320.2%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.2%
Republic of South Africa Government Bond8.750% 02/28/20480.2%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.2%
30-YR GNMA II-TBA PROD JAN5.000% 10/01/20520.2%
Constellation Energy Generation LLC6.250% 10/01/20390.2%
Ball Corp2.875% 08/15/20300.2%
Connecticut Avenue Securities Trust 2022-R086.494% 07/25/20420.2%
Duke Energy Corp4.500% 08/15/20320.2%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.2%
Freddie Mac Pool3.500% 02/01/20460.2%
Cigna Corp2.400% 03/15/20300.2%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.2%
Toronto-Dominion Bank/The4.456% 06/08/20320.2%
Ally Financial Inc8.000% 11/01/20310.2%
NiSource Inc2.950% 09/01/20290.2%
Occidental Petroleum Corp6.125% 01/01/20310.2%
Aircastle Ltd2.850% 01/26/20280.2%
Southwestern Energy Co5.375% 02/01/20290.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Civitas Resources Inc5.000% 10/15/20260.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Netflix Inc5.875% 02/15/20250.2%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.2%
Standard Industries Inc/NJ4.375% 07/15/20300.2%
CCS-CMGC Holdings Inc9.915% 10/01/20250.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Elevance Health Inc5.500% 10/15/20320.1%
Centene Corp4.250% 12/15/20270.1%
Permian Resources Operating LLC5.375% 01/15/20260.1%
Spain Government Bond1.000% 07/30/20420.1%
30-YR GNMA II-TBA PROD JAN3.500% 07/01/20520.1%
TransDigm Inc4.625% 01/15/20290.1%
TransAlta Corp7.750% 11/15/20290.1%
Frontier Communications Holdings LLC5.000% 05/01/20280.1%
AG Issuer LLC6.250% 03/01/20280.1%
30-YR GNMA II-TBA PROD JAN4.000% 09/01/20520.1%
Netflix Inc5.875% 11/15/20280.1%
Owens & Minor Inc6.625% 04/01/20300.1%
Advanced Drainage Systems Inc6.375% 06/15/20300.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
Sylvamo Corp7.000% 09/01/20290.1%
FX CNH/USD 01/230.000% 01/20/20230.1%
30-YR UMBS-TBA PROD JAN4.500% 08/01/20520.1%
Life Time Inc5.750% 01/15/20260.1%
Gulfport Energy Corp8.000% 05/17/20260.1%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.1%
Comstock Resources Inc6.750% 03/01/20290.1%
NextEra Energy Capital Holdings Inc5.000% 07/15/20320.1%
United States Steel Corp6.650% 06/01/20370.1%
Colgate Energy Partners III LLC7.750% 02/15/20260.1%
Wyndham Hotels & Resorts Inc4.375% 08/15/20280.1%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
Callon Petroleum Co8.000% 08/01/20280.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
Booz Allen Hamilton Inc3.875% 09/01/20280.1%
Cigna Corp4.375% 10/15/20280.1%
Option Care Health Inc4.375% 10/31/20290.1%
Buckeye Partners LP6.375% 01/22/20780.1%
Charles River Laboratories International Inc4.000% 03/15/20310.1%
Bombardier Inc6.000% 02/15/20280.1%
Oceaneering International Inc6.000% 02/01/20280.1%
Australia Government Bond3.000% 03/21/20470.1%
WMG Acquisition Corp3.750% 12/01/20290.1%
Atkore Inc4.250% 06/01/20310.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
United Airlines Inc4.375% 04/15/20260.1%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.1%
Laredo Petroleum Inc9.500% 01/15/20250.1%
ModivCare Escrow Issuer Inc5.000% 10/01/20290.1%
Penn Entertainment Inc5.625% 01/15/20270.1%
BBCMS 2019-BWAY Mortgage Trust5.274% 11/15/20340.1%
Murphy Oil USA Inc4.750% 09/15/20290.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.1%
Go Daddy Operating Co LLC / GD Finance Co Inc3.500% 03/01/20290.1%
Enphase Energy Inc0.000% 03/01/20260.1%
Sunnova Energy Corp5.875% 09/01/20260.1%
Calpine Corp5.125% 03/15/20280.1%
Service Corp International/US3.375% 08/15/20300.1%
SM Energy Co6.750% 09/15/20260.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
Entegris Inc3.625% 05/01/20290.1%
Citigroup Inc4.140% 05/24/20250.1%
BellRing Brands Inc7.000% 03/15/20300.1%
Medline Borrower LP3.875% 04/01/20290.1%
Assurant Inc2.650% 01/15/20320.1%
AEP Transmission Co LLC4.500% 06/15/20520.1%
Earthstone Energy Holdings LLC8.000% 04/15/20270.1%
United Rentals North America Inc4.000% 07/15/20300.1%
Venture Global Calcasieu Pass LLC4.125% 08/15/20310.1%
ROBLOX Corp3.875% 05/01/20300.1%
BBCMS 2019-BWAY Mortgage Trust5.628% 11/15/20340.1%
Gap Inc/The3.875% 10/01/20310.1%
SolarEdge Technologies Inc0.000% 09/15/20250.1%
Vistra Operations Co LLC4.375% 05/01/20290.1%
30-YR GNMA II-TBA PROD FEB5.500% 10/01/20520.1%
AMC Networks Inc4.250% 02/15/20290.1%
Sunrun Inc0.000% 02/01/20260.1%
Twilio Inc3.875% 03/15/20310.1%
Elevance Health Inc2.250% 05/15/20300.1%
Twilio Inc3.625% 03/15/20290.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Royal Caribbean Cruises Ltd8.250% 01/15/20290.1%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.1%
CCS-CMGC Holdings Inc9.915% 10/01/20250.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Elevance Health Inc5.500% 10/15/20320.1%
Centene Corp4.250% 12/15/20270.1%
Permian Resources Operating LLC5.375% 01/15/20260.1%
Spain Government Bond1.000% 07/30/20420.1%
30-YR GNMA II-TBA PROD JAN3.500% 07/01/20520.1%
TransDigm Inc4.625% 01/15/20290.1%
TransAlta Corp7.750% 11/15/20290.1%
Frontier Communications Holdings LLC5.000% 05/01/20280.1%
AG Issuer LLC6.250% 03/01/20280.1%
30-YR GNMA II-TBA PROD JAN4.000% 09/01/20520.1%
Netflix Inc5.875% 11/15/20280.1%
Owens & Minor Inc6.625% 04/01/20300.1%
Advanced Drainage Systems Inc6.375% 06/15/20300.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
Sylvamo Corp7.000% 09/01/20290.1%
FX CNH/USD 01/230.000% 01/20/20230.1%
30-YR UMBS-TBA PROD JAN4.500% 08/01/20520.1%
Life Time Inc5.750% 01/15/20260.1%
Gulfport Energy Corp8.000% 05/17/20260.1%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.1%
Comstock Resources Inc6.750% 03/01/20290.1%
NextEra Energy Capital Holdings Inc5.000% 07/15/20320.1%
United States Steel Corp6.650% 06/01/20370.1%
Colgate Energy Partners III LLC7.750% 02/15/20260.1%
Wyndham Hotels & Resorts Inc4.375% 08/15/20280.1%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
Callon Petroleum Co8.000% 08/01/20280.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
Booz Allen Hamilton Inc3.875% 09/01/20280.1%
Cigna Corp4.375% 10/15/20280.1%
Option Care Health Inc4.375% 10/31/20290.1%
Buckeye Partners LP6.375% 01/22/20780.1%
Charles River Laboratories International Inc4.000% 03/15/20310.1%
Bombardier Inc6.000% 02/15/20280.1%
Oceaneering International Inc6.000% 02/01/20280.1%
Australia Government Bond3.000% 03/21/20470.1%
WMG Acquisition Corp3.750% 12/01/20290.1%
Atkore Inc4.250% 06/01/20310.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
United Airlines Inc4.375% 04/15/20260.1%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.1%
Laredo Petroleum Inc9.500% 01/15/20250.1%
ModivCare Escrow Issuer Inc5.000% 10/01/20290.1%
Penn Entertainment Inc5.625% 01/15/20270.1%
BBCMS 2019-BWAY Mortgage Trust5.274% 11/15/20340.1%
Murphy Oil USA Inc4.750% 09/15/20290.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.1%
Go Daddy Operating Co LLC / GD Finance Co Inc3.500% 03/01/20290.1%
Enphase Energy Inc0.000% 03/01/20260.1%
Sunnova Energy Corp5.875% 09/01/20260.1%
Calpine Corp5.125% 03/15/20280.1%
Service Corp International/US3.375% 08/15/20300.1%
SM Energy Co6.750% 09/15/20260.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
Entegris Inc3.625% 05/01/20290.1%
Citigroup Inc4.140% 05/24/20250.1%
BellRing Brands Inc7.000% 03/15/20300.1%
Medline Borrower LP3.875% 04/01/20290.1%
Assurant Inc2.650% 01/15/20320.1%
AEP Transmission Co LLC4.500% 06/15/20520.1%
Earthstone Energy Holdings LLC8.000% 04/15/20270.1%
United Rentals North America Inc4.000% 07/15/20300.1%
Venture Global Calcasieu Pass LLC4.125% 08/15/20310.1%
ROBLOX Corp3.875% 05/01/20300.1%
BBCMS 2019-BWAY Mortgage Trust5.628% 11/15/20340.1%
Gap Inc/The3.875% 10/01/20310.1%
SolarEdge Technologies Inc0.000% 09/15/20250.1%
Vistra Operations Co LLC4.375% 05/01/20290.1%
30-YR GNMA II-TBA PROD FEB5.500% 10/01/20520.1%
AMC Networks Inc4.250% 02/15/20290.1%
Sunrun Inc0.000% 02/01/20260.1%
Twilio Inc3.875% 03/15/20310.1%
Elevance Health Inc2.250% 05/15/20300.1%
Twilio Inc3.625% 03/15/20290.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Royal Caribbean Cruises Ltd8.250% 01/15/20290.1%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.1%
Suzano Austria GmbH3.125% 01/15/20320.0%
30-YR GNMA II-TBA PROD FEB4.500% 09/01/20520.0%
FX CHF/USD 01/230.000% 01/23/20230.0%
15-YR UMBS-TBA PROD FEB5.000% 10/01/20370.0%
US 10yr Ultra Fut Mar230.000% 03/31/20230.0%
FX KRW/USD 03/230.000% 03/23/20230.0%
FX CAD/USD 01/230.000% 01/20/20230.0%
FX USD/INR 02/230.000% 02/16/20230.0%
Credit Index Swap1.000% 12/20/20270.0%
FX EUR/USD 03/230.000% 03/13/20230.0%
FX SEK/USD 01/230.000% 01/23/20230.0%
FX AUD/USD 02/230.000% 02/27/20230.0%
Credit Index Swap5.000% 12/20/20270.0%
FX MXN/USD 03/230.000% 03/21/20230.0%
FX IDR/USD 02/230.000% 02/16/20230.0%
FX BRL/USD 03/230.000% 03/07/20230.0%
FX CAD/USD 01/230.000% 01/20/20230.0%
FX IDR/USD 02/230.000% 02/16/20230.0%
FX INR/USD 02/230.000% 02/16/20230.0%
FX USD/GBP 03/230.000% 03/08/20230.0%
FX CNH/USD 01/230.000% 01/20/20230.0%
FX EUR/USD 03/230.000% 03/13/20230.0%
FX GBP/USD 03/230.000% 03/08/20230.0%
EURO-BOBL FUTURE Mar230.000% 03/10/20230.0%
EURO-BUND FUTURE Mar230.000% 03/10/20230.0%
EURO-SCHATZ FUT Mar230.000% 03/10/20230.0%
FX NOK/USD 03/230.000% 03/15/20230.0%
FX USD/EUR 03/230.000% 03/13/20230.0%
FX COP/USD 04/230.000% 04/03/20230.0%
FX USD/EUR 03/230.000% 03/13/20230.0%
FX USD/JPY 02/230.000% 02/06/20230.0%
US 10YR NOTE (CBT)Mar230.000% 03/31/20230.0%
Suzano Austria GmbH3.125% 01/15/20320.0%
30-YR GNMA II-TBA PROD FEB4.500% 09/01/20520.0%
FX CHF/USD 01/230.000% 01/23/20230.0%
15-YR UMBS-TBA PROD FEB5.000% 10/01/20370.0%
US 10yr Ultra Fut Mar230.000% 03/31/20230.0%
FX KRW/USD 03/230.000% 03/23/20230.0%
FX CAD/USD 01/230.000% 01/20/20230.0%
FX USD/INR 02/230.000% 02/16/20230.0%
Credit Index Swap1.000% 12/20/20270.0%
FX EUR/USD 03/230.000% 03/13/20230.0%
FX SEK/USD 01/230.000% 01/23/20230.0%
FX AUD/USD 02/230.000% 02/27/20230.0%
Credit Index Swap5.000% 12/20/20270.0%
FX MXN/USD 03/230.000% 03/21/20230.0%
FX IDR/USD 02/230.000% 02/16/20230.0%
FX BRL/USD 03/230.000% 03/07/20230.0%
FX CAD/USD 01/230.000% 01/20/20230.0%
FX IDR/USD 02/230.000% 02/16/20230.0%
FX INR/USD 02/230.000% 02/16/20230.0%
FX USD/GBP 03/230.000% 03/08/20230.0%
FX CNH/USD 01/230.000% 01/20/20230.0%
FX EUR/USD 03/230.000% 03/13/20230.0%
FX GBP/USD 03/230.000% 03/08/20230.0%
EURO-BOBL FUTURE Mar230.000% 03/10/20230.0%
EURO-BUND FUTURE Mar230.000% 03/10/20230.0%
EURO-SCHATZ FUT Mar230.000% 03/10/20230.0%
FX NOK/USD 03/230.000% 03/15/20230.0%
FX USD/EUR 03/230.000% 03/13/20230.0%
FX COP/USD 04/230.000% 04/03/20230.0%
FX USD/EUR 03/230.000% 03/13/20230.0%
FX USD/JPY 02/230.000% 02/06/20230.0%
US 10YR NOTE (CBT)Mar230.000% 03/31/20230.0%
FX USD/JPY 02/230.000% 02/06/2023-0.1%
FX USD/EUR 03/230.000% 03/13/2023-0.1%
FX USD/JPY 02/230.000% 02/06/2023-0.1%
FX USD/JPY 02/230.000% 02/06/2023-0.1%
FX USD/EUR 03/230.000% 03/13/2023-0.1%
FX USD/JPY 02/230.000% 02/06/2023-0.1%

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

Sales Charge Schedule as of 02/01/2023

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $8.57
$100,000 to $249,999 1.75% 1.50% $8.53
$250,000 to $499,999 1.25% 1.00% $8.49
$500,000 to $999,999 0.00% 1.00% $8.38
$1,000,000 to $5,000,000 0.00% 1.00% $8.38

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 12/31/2022

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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.

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

 

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.

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

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