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 05/26/2022

$8.65

arrowUp$0.03

YTD Returns w/o sales charge as of 05/26/2022

-11.19%

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 05/26/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.58% 0.57%
w/ sales charge 2.52% 0.56%

30-Day Standardized Yield 2 as of 04/30/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.03% 1.15%

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

Expense Ratioas of 04/30/2022

Expense ratio details, Click here.

Fund Basicsas of 04/29/2022

Total Net Assets
$10.61 M
Inception Date
08/01/2018
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
331
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 -11.06% -12.14% -0.78% - - -0.10%
Lipper Category Avg. Global Income Funds -9.31% -9.99% -0.22% - - -
Bloomberg Global Aggregate Index -11.30% -12.64% -1.09% - - -0.26%
w/ sales charge -13.09% -14.13% -1.53% - - -0.70%

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 -6.24% -5.89% 1.04% - - 1.35%
Lipper Category Avg. Global Income Funds -5.58% -5.51% 1.20% - - -
Bloomberg Global Aggregate Index -6.16% -6.40% 0.69% - - 1.28%
w/ sales charge -8.38% -7.97% 0.27% - - 0.72%

Fund Expense Ratio :

Gross 2.78%

Net 0.78%

Investment Team

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

20 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

23 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

20 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

27 Years of Industry Experience

Annika M. Lombardi
Annika M. Lombardi

Managing Director, Portfolio Manager

14 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 -11.06% -12.14% -0.78% - - -0.10%
Lipper Category Avg. Global Income Funds -9.31% -9.99% -0.22% - - -
Bloomberg Global Aggregate Index -11.30% -12.64% -1.09% - - -0.26%
w/ sales charge -13.09% -14.13% -1.53% - - -0.70%

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 -6.24% -5.89% 1.04% - - 1.35%
Lipper Category Avg. Global Income Funds -5.58% -5.51% 1.20% - - -
Bloomberg Global Aggregate Index -6.16% -6.40% 0.69% - - 1.28%
w/ sales charge -8.38% -7.97% 0.27% - - 0.72%

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
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
2022 -6.24% - - - -11.19%
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
Sovereign Developed
Currency
US Corp High Grade
Sovereign Emerging
Non-US Corp High Grade
US Corp High Yield
Govt
Non-US Corp High Yield
ABS
US Bank Loan High Yield
MBS Passthrough
CLO
CMBS
MBS Other
Non-US Bank Loan High Yield
Municipals
US Bank Loan High Grade
Agency
Convertibles
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 04/29/2022

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

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Details as of 04/29/2022

Total Net Assets
$10.61 M
Number of Issues
331
Average Coupon
3.09%
Average Life
7.11 Years
Average Maturity
9.15 Years
Average Effective Duration
4.85 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
Japan Treasury Discount Bill 0.000% 05/09/2022 2.7%
United States Treasury Note/Bond 2.375% 02/15/2042 2.4%
United States Treasury Note/Bond 2.500% 04/30/2024 2.1%
United States Treasury Note/Bond 2.500% 03/31/2027 2.1%
China Development Bank 3.090% 06/18/2030 1.9%
Egypt Government International Bond 4.550% 11/20/2023 1.9%
Galaxy Pipeline Assets Bidco Ltd 1.750% 09/30/2027 1.6%
Dominican Republic International Bond 5.500% 02/22/2029 1.4%
United States Treasury Note/Bond 2.250% 02/15/2052 1.3%
Asian Development Bank 1.291% 04/06/2027 1.3%
% of Total Assets 18.7%
Holding Coupon Maturity Assets
Japan Treasury Discount Bill0.000% 05/09/20222.7%
United States Treasury Note/Bond2.375% 02/15/20422.4%
Spain Government Bond0.000% 01/31/20282.0%
China Development Bank3.090% 06/18/20301.9%
Egypt Government International Bond4.550% 11/20/20231.8%
Galaxy Pipeline Assets Bidco Ltd1.750% 09/30/20271.5%
United States Treasury Note/Bond2.500% 03/31/20271.5%
United States Treasury Note/Bond2.250% 02/15/20521.4%
Dominican Republic International Bond5.500% 02/22/20291.3%
Asian Development Bank1.280% 04/06/20271.2%
Punch Finance PLC6.125% 06/30/20261.2%
AA Bond Co Ltd2.750% 07/31/20431.2%
Canary Wharf Group Investment Holdings PLC2.625% 04/23/20251.2%
Pinewood Finance Co Ltd3.250% 09/30/20251.1%
Comcast Corp1.500% 02/20/20291.1%
Colombia Government International Bond3.875% 03/22/20261.0%
Bundesrepublik Deutschland Bundesanleihe0.000% 02/15/20321.0%
Japan Government Ten Year Bond0.100% 12/20/20311.0%
IPD 3 BV5.500% 12/01/20251.0%
AT&T Inc2.875% 05/01/21701.0%
PartnerRe Ireland Finance DAC1.250% 09/15/20261.0%
PCF GmbH4.750% 04/15/20261.0%
Vivion Investments Sarl3.000% 08/08/20241.0%
Adevinta ASA3.000% 11/15/20271.0%
Senegal Government International Bond4.750% 03/13/20281.0%
United States Treasury Inflation Indexed Bonds0.125% 01/15/20321.0%
Lorca Telecom Bondco SA4.000% 09/18/20271.0%
LeasePlan Corp NV0.250% 02/23/20260.9%
United Group BV5.250% 02/01/20300.9%
United States Treasury Inflation Indexed Bonds0.125% 02/15/20520.9%
Aroundtown SA1.450% 07/09/20280.9%
China Development Bank3.070% 03/10/20300.9%
Ren Finance BV0.500% 04/16/20290.9%
Perimeter Master Note Business Trust4.230% 05/15/20240.9%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.9%
Hamburger Hochbahn AG0.125% 02/24/20310.9%
Venture 33 CLO Ltd1.301% 07/15/20310.9%
VERDE CLO Ltd1.341% 04/15/20320.9%
Mondelez International Holdings Netherlands BV0.625% 09/09/20320.9%
ZH Trust 2021-22.349% 10/17/20270.9%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.9%
Eurofins Scientific SE0.875% 05/19/20310.9%
China Development Bank3.680% 02/26/20260.9%
30-YR UMBS-TBA PROD MAY3.500% 07/01/20510.9%
Indonesia Government International Bond1.300% 03/23/20340.9%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.8%
Lendmark Funding Trust 2021-23.090% 04/20/20320.8%
Aqua Finance Trust 2021-A3.140% 07/17/20460.8%
Inter-American Development Bank0.288% 02/10/20260.7%
Province of Alberta Canada2.050% 06/01/20300.7%
GoodLeap Sustainable Home Solutions Trust 2022-12.700% 01/20/20490.7%
Kreditanstalt fuer Wiederaufbau0.375% 07/18/20250.7%
Colombian TES7.500% 08/26/20260.6%
United States Treasury Note/Bond1.500% 01/31/20270.5%
Turkey Government International Bond7.375% 02/05/20250.5%
United Kingdom Gilt1.500% 07/22/20470.5%
Queensland Treasury Corp3.250% 07/21/20260.5%
Bank of America Corp2.687% 04/22/20320.5%
ME Funding LLC 2019-16.448% 07/30/20490.5%
Province of Saskatchewan Canada4.750% 06/01/20400.4%
Citigroup Inc2.561% 05/01/20320.4%
Queensland Treasury Corp1.500% 03/02/20320.4%
Verus Securitization Trust 2020-51.218% 05/25/20650.4%
Gazprom PJSC via Gaz Finance PLC1.500% 02/17/20270.4%
Southwestern Energy Co3.301% 06/22/20270.4%
International Finance Corp0.375% 09/10/20250.4%
International Bank for Reconstruction & Development0.389% 11/22/20280.4%
Pacific Gas and Electric Co4.550% 07/01/20300.3%
Morgan Stanley2.484% 09/16/20360.3%
Ford Motor Co3.250% 02/12/20320.3%
Centene Corp4.250% 12/15/20270.3%
French Republic Government Bond OAT0.750% 05/25/20520.3%
Bundesrepublik Deutschland Bundesanleihe0.000% 08/15/20520.3%
Tennessee Valley Authority1.500% 09/15/20310.3%
CSAIL 2016-C7 Commercial Mortgage Trust4.382% 11/15/20490.3%
China Government Bond3.860% 07/22/20490.3%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.3%
Great Wolf Trust 2019-WOLF1.431% 12/15/20360.3%
Ally Financial Inc8.000% 11/01/20310.3%
COMM 2015-PC1 Mortgage Trust4.324% 07/10/20500.3%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.3%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.3%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.3%
Constellation Energy Generation LLC6.250% 10/01/20390.3%
International Bank for Reconstruction & Development0.459% 02/11/20310.3%
Glencore Funding LLC4.875% 03/12/20290.3%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.3%
Freddie Mac STACR REMIC Trust 2021-DNA61.599% 10/25/20410.3%
EQT Corp7.500% 02/01/20300.3%
Ecopetrol SA4.625% 11/02/20310.2%
United Kingdom Gilt0.875% 07/31/20330.2%
Petroleos Mexicanos6.700% 02/16/20320.2%
Metropolitan Transportation Authority6.668% 11/15/20390.2%
Italy Buoni Poliennali Del Tesoro1.500% 04/30/20450.2%
IPALCO Enterprises Inc4.250% 05/01/20300.2%
General Motors Co6.750% 04/01/20460.2%
COMM 2015-PC1 Mortgage Trust4.324% 07/10/20500.2%
International Bank for Reconstruction & Development0.250% 01/29/20290.2%
Wells Fargo & Co3.350% 03/02/20330.2%
Freeport-McMoRan Inc4.375% 08/01/20280.2%
New York City Transitional Finance Authority Future Tax Secured Revenue1.950% 08/01/20340.2%
JPMorgan Chase & Co2.963% 01/25/20330.2%
Aircastle Ltd2.850% 01/26/20280.2%
Neighborly Issuer 2022-13.695% 01/30/20520.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
Delta Air Lines Inc7.000% 05/01/20250.2%
Republic of South Africa Government Bond8.750% 02/28/20480.2%
BROADCOM INC4.150% 04/15/20320.2%
Blackstone Mortgage Trust Inc3.750% 01/15/20270.2%
NGPL PipeCo LLC3.250% 07/15/20310.2%
Goldman Sachs Group Inc/The2.383% 07/21/20320.2%
Regional Transportation District Sales Tax Revenue2.337% 11/01/20360.2%
VMware Inc4.700% 05/15/20300.2%
AIT Worldwide Logistics Holdings Inc5.500% 04/06/20280.2%
Jacobs Entertainment Inc6.750% 02/15/20290.2%
Spain Government Bond1.000% 07/30/20420.2%
Laredo Petroleum Inc9.500% 01/15/20250.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.2%
VACO HOLDINGS LLC5.750% 01/21/20290.2%
Physicians Realty LP2.625% 11/01/20310.2%
Brazos Delaware II LLC4.449% 05/21/20250.2%
Magnite Inc5.750% 04/28/20280.2%
Petroleos Mexicanos6.750% 09/21/20470.2%
Clear Channel Outdoor Holdings Inc3.799% 08/21/20260.2%
KUEHG Corp4.756% 02/21/20250.2%
FirstEnergy Corp4.400% 07/15/20270.2%
Occidental Petroleum Corp6.125% 01/01/20310.2%
Lowe's Cos Inc3.750% 04/01/20320.2%
Spring Education Group Inc5.256% 07/30/20250.2%
CCS-CMGC Holdings Inc5.957% 10/01/20250.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Claros Mortgage Trust Inc5.000% 08/09/20260.2%
Edelman Financial Engines Center LLC/The4.250% 04/07/20280.2%
Continental Resources Inc/OK5.750% 01/15/20310.2%
Freeport LNG Investments LLLP4.000% 12/21/20280.2%
Gray Television Inc3.231% 12/01/20280.2%
Asurion LLC5.707% 01/20/20290.2%
Glencore Funding LLC2.850% 04/27/20310.2%
Southwestern Energy Co5.375% 02/01/20290.2%
Surgery Center Holdings Inc4.500% 08/31/20260.2%
Buena Vista Gaming Authority13.000% 04/01/20230.2%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.2%
Civitas Resources Inc5.000% 10/15/20260.2%
Jazz Financing Lux Sarl4.000% 04/21/20280.2%
Armor Holdco Inc5.000% 12/11/20280.2%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.2%
Goldman Sachs Group Inc/The2.615% 04/22/20320.1%
COBHAM ULTRA SENIORCO SARL0.000% 11/16/20280.1%
Netflix Inc5.875% 02/15/20250.1%
Charter Communications Operating LLC / Charter Communications Operating Capital6.484% 10/23/20450.1%
THINK + LEARN PRIVATE LIMITED6.250% 11/05/20260.1%
Royal Caribbean Cruises Ltd9.125% 06/15/20230.1%
Sabre GLBL Inc7.375% 09/01/20250.1%
EQT Corp5.000% 01/15/20290.1%
Ovintiv Inc6.500% 02/01/20380.1%
FactSet Research Systems Inc3.450% 03/01/20320.1%
Santander Holdings USA Inc4.400% 07/13/20270.1%
US 10yr Ultra Fut Jun220.000% 06/30/20220.1%
Dell International LLC / EMC Corp3.375% 12/15/20410.1%
VistaJet Malta Finance PLC / XO Management Holding Inc6.375% 02/01/20300.1%
Charter Communications Operating LLC / Charter Communications Operating Capital5.250% 04/01/20530.1%
Newell Brands Inc5.625% 04/01/20360.1%
Centennial Resource Production LLC5.375% 01/15/20260.1%
Helmerich & Payne Inc2.900% 09/29/20310.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
Range Resources Corp8.250% 01/15/20290.1%
Carnival Corp4.000% 10/18/20280.1%
Owens & Minor Inc6.625% 04/01/20300.1%
Nabors Industries Ltd7.250% 01/15/20260.1%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.1%
Centene Corp3.375% 02/15/20300.1%
HCA Inc4.625% 03/15/20520.1%
TransDigm Inc4.625% 01/15/20290.1%
AG Issuer LLC6.250% 03/01/20280.1%
American Airlines Group Inc3.750% 03/01/20250.1%
Australia Government Bond3.000% 03/21/20470.1%
Netflix Inc5.875% 11/15/20280.1%
Petrobras Global Finance BV5.600% 01/03/20310.1%
American Homes 4 Rent LP2.375% 07/15/20310.1%
Triumph Group Inc7.750% 08/15/20250.1%
Century Aluminum Co7.500% 04/01/20280.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Invitation Homes Operating Partnership LP2.000% 08/15/20310.1%
United States Steel Corp6.650% 06/01/20370.1%
Buckeye Partners LP6.375% 01/22/20780.1%
Weatherford International Ltd8.625% 04/30/20300.1%
LCM Investments Holdings II LLC4.875% 05/01/20290.1%
Clear Channel Outdoor Holdings Inc7.750% 04/15/20280.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
Comstock Resources Inc6.750% 03/01/20290.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
Pike Corp5.500% 09/01/20280.1%
Uber Technologies Inc4.500% 08/15/20290.1%
Gulfport Energy Corp8.000% 05/17/20260.1%
Life Time Inc5.750% 01/15/20260.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
Staples Inc7.500% 04/15/20260.1%
Uber Technologies Inc8.000% 11/01/20260.1%
DIRECT CHASSISLINK INC6.988% 04/10/20260.1%
Ashland LLC6.875% 05/15/20430.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
Mattel Inc5.450% 11/01/20410.1%
Affinity Gaming6.875% 12/15/20270.1%
CEC Entertainment LLC6.750% 05/01/20260.1%
LSCS HOLDINGS INC.5.000% 12/16/20280.1%
VENGA FINANCE SARL0.000% 12/04/20280.1%
II-VI Inc5.000% 12/15/20290.1%
Lucid Energy Group II Borrower LLC5.000% 11/24/20280.1%
Evergreen Acqco 1 LP6.483% 04/26/20280.1%
Sylvamo Corp7.000% 09/01/20290.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
Colgate Energy Partners III LLC7.750% 02/15/20260.1%
Minotaur Acquisition Inc5.207% 03/27/20260.1%
Red Planet Borrower LLC4.756% 10/02/20280.1%
Callon Petroleum Co8.000% 08/01/20280.1%
Coinbase Global Inc3.375% 10/01/20280.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Mercer International Inc5.125% 02/01/20290.1%
SPRINGS WINDOW FASHIONS LLC4.750% 10/06/20280.1%
MEG Energy Corp7.125% 02/01/20270.1%
Condor Merger Sub Inc7.375% 02/15/20300.1%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.1%
Wyndham Hotels & Resorts Inc4.375% 08/15/20280.1%
Party City Holdings Inc8.750% 02/15/20260.1%
ModivCare Escrow Issuer Inc5.000% 10/01/20290.1%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.1%
Carnival Corp5.750% 03/01/20270.1%
MSCI Inc3.625% 11/01/20310.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
AP CORE HOLDINGS II LLC6.250% 09/01/20270.1%
Assurant Inc2.650% 01/15/20320.1%
Zebra Buyer LLC4.313% 11/01/20280.1%
CHS/Community Health Systems Inc4.750% 02/15/20310.1%
ROBLOX Corp3.875% 05/01/20300.1%
Entegris Inc3.625% 05/01/20290.1%
IEA Energy Services LLC6.625% 08/15/20290.1%
Amentum Government Services Holdings LLC3.957% 01/29/20270.1%
Bombardier Inc6.000% 02/15/20280.1%
Cinemark USA Inc5.250% 07/15/20280.1%
Atkore Inc4.250% 06/01/20310.1%
Kaiser Aluminum Corp4.625% 03/01/20280.1%
Freeport-McMoRan Inc4.625% 08/01/20300.1%
Mozart Debt Merger Sub Inc3.875% 04/01/20290.1%
Popular Inc6.125% 09/14/20230.1%
Charles River Laboratories International Inc4.000% 03/15/20310.1%
Frontier Communications Holdings LLC5.875% 11/01/20290.1%
Equinox Holdings Inc4.006% 03/08/20240.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
NCL Finance Ltd6.125% 03/15/20280.1%
Block Inc3.500% 06/01/20310.1%
ECL ENTERTAINMENT LLC8.250% 03/31/20280.1%
Hertz Corp/The5.000% 12/01/20290.1%
Penn National Gaming Inc5.625% 01/15/20270.1%
Madison IAQ LLC5.875% 06/30/20290.1%
BBCMS 2019-BWAY Mortgage Trust1.353% 11/15/20340.1%
NEXUS BUYER LLC6.750% 10/29/20290.1%
CERAMTEC ACQUICO GMBH0.000% 01/19/20290.1%
Venture Global Calcasieu Pass LLC4.125% 08/15/20310.1%
Bath & Body Works Inc6.625% 10/01/20300.1%
Kraft Heinz Foods Co4.875% 10/01/20490.1%
Brundage-Bone Concrete Pumping Holdings Inc6.000% 02/01/20260.1%
Calpine Corp5.125% 03/15/20280.1%
DIVERSITECH HOLDINGS INC4.250% 12/22/20280.1%
Navient Corp6.750% 06/25/20250.1%
MIWD Holdco II LLC / MIWD Finance Corp5.500% 02/01/20300.1%
SM Energy Co6.750% 09/15/20260.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.500% 10/20/20250.1%
SCIENTIFIC GAMES HOLDINGS LP0.000% 02/04/20290.1%
Edgewater Generation LLC4.207% 12/13/20250.1%
Peraton Corp8.500% 02/01/20290.1%
BBCMS 2019-BWAY Mortgage Trust1.707% 11/15/20340.1%
Park River Holdings Inc5.625% 02/01/20290.1%
Block Communications Inc4.875% 03/01/20280.1%
ECHO GLOBAL LOGISTICS INC4.250% 11/23/20280.1%
SolarEdge Technologies Inc0.000% 09/15/20250.1%
ALTAR BIDCO INC.6.100% 02/01/20300.1%
Ahead DB Holdings LLC6.625% 05/01/20280.1%
Enphase Energy Inc0.000% 03/01/20260.1%
Sunrun Inc0.000% 02/01/20260.1%
Twilio Inc3.875% 03/15/20310.1%
Altar Bidco Inc0.000% 02/01/20290.1%
US 5YR NOTE (CBT) Jun220.000% 07/06/20220.1%
Twilio Inc3.625% 03/15/20290.1%
Dell International LLC / EMC Corp8.350% 07/15/20460.1%
Radiology Partners Inc9.250% 02/01/20280.1%
SS+C TECHNOLOGIES INC0.000% 03/23/20290.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
DIVERSITECH HOLDINGS INC7.250% 12/22/20290.1%
EQT Corp3.625% 05/15/20310.1%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.0%
Suzano Austria GmbH3.125% 01/15/20320.0%
FX USD/JPY 05/220.000% 05/09/20220.0%
SS+C TECHNOLOGIES INC0.000% 03/23/20290.0%
SM Energy Co5.625% 06/01/20250.0%
Navient Corp5.000% 03/15/20270.0%
FX USD/GBP 06/220.000% 06/07/20220.0%
FX USD/JPY 05/220.000% 05/09/20220.0%
FX ZAR/USD 05/220.000% 05/09/20220.0%
FX USD/JPY 05/220.000% 05/09/20220.0%
DIVERSITECH HOLDINGS INC0.000% 12/22/20280.0%
FX RUB/USD 05/220.000% 05/23/20220.0%
FX BRL/USD 06/220.000% 06/14/20220.0%
FX CNH/USD 04/220.000% 04/21/20220.0%
FX JPY/USD 05/220.000% 05/09/20220.0%
FX AUD/USD 05/220.000% 05/25/20220.0%
FX MXN/USD 06/220.000% 06/21/20220.0%
FX USD/KRW 05/220.000% 05/09/20220.0%
FX CLP/USD 06/220.000% 06/07/20220.0%
Credit Index Swap1.000% 06/20/20270.0%
FX CAD/USD 04/220.000% 04/20/20220.0%
FX CAD/USD 04/220.000% 04/20/20220.0%
FX CAD/USD 04/220.000% 04/20/20220.0%
FX IDR/USD 06/220.000% 06/07/20220.0%
FX NOK/USD 06/220.000% 06/14/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX AUD/USD 05/220.000% 05/25/20220.0%
FX USD/JPY 05/220.000% 05/09/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX COP/USD 04/220.000% 04/18/20220.0%
FX USD/INR 06/220.000% 06/07/20220.0%
Credit Index Swap1.000% 06/20/20270.0%
FX USD/AUD 05/220.000% 05/25/20220.0%
FX CHF/USD 04/220.000% 04/21/20220.0%
FX SEK/USD 04/220.000% 04/21/20220.0%
FX USD/ZAR 05/220.000% 05/09/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
FX KRW/USD 05/220.000% 05/09/20220.0%
FX USD/COP 04/220.000% 04/18/20220.0%
Credit Index Swap5.000% 12/20/2026-0.1%
FX USD/RUB 05/220.000% 05/23/2022-0.2%
FX JPY/USD 05/220.000% 05/09/2022-0.6%

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 05/26/2022

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $8.85
$100,000 to $249,999 1.75% 1.50% $8.80
$250,000 to $499,999 1.25% 1.00% $8.76
$500,000 to $999,999 0.00% 1.00% $8.65
$1,000,000 to $5,000,000 0.00% 1.00% $8.65

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 Click here.

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 04/30/2022

Expense ratio details, Click here.

Fund Documents

Fund Documents

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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.

+

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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