Income Fund
Daily price w/o sales charge as of 05/26/2023
$2.39
$0.01
YTD Returns w/o sales charge as of 05/26/2023
2.34%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
Dividend Yield 1 as of 05/26/2023
w/o sales charge | 4.94% |
w/ sales charge | 4.82% |
30-Day Standardized Yield 2 as of 04/30/2023 |
4.94% |
Average Yield to Worst as of 04/28/2023 |
5.9% |
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.
Fund Basicsas of 04/28/2023
- Total Net Assets
- $2.88 B
- Inception Date
- 09/19/1932*
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.75%
- Fund Net Expense Ratio
- 0.75%
- Number of Holdings
- 313
- Minimum Initial Investment
- $1,500+
In addition, the Fund has amended its strategy on December 14, 2007.
The Fund changed its investment strategy on 01/01/1982. Performance is calculated from this date.
Fund Expense Ratio :
Gross 0.75%
Net 0.75%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1982 |
---|
w/o sales charge | 4.55% | -1.49% | 0.31% | 1.66% | 2.25% | 6.98% |
Lipper Category Avg. Corporate Debt Funds BBB-Rated | 4.32% | -0.50% | -1.92% | 1.64% | 1.88% | - |
Bloomberg U.S. Credit Bond Index | 4.26% | 0.72% | -1.92% | 1.88% | 2.08% | 7.77% |
w/ sales charge | 2.40% | -3.71% | -0.41% | 1.22% | 2.02% | 6.93% |
Fund Expense Ratio :
Gross 0.75%
Net 0.75%
Fund Expense Ratio :
Gross 0.75%
Net 0.75%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1982 |
---|
w/o sales charge | 3.71% | -6.32% | 1.78% | 1.35% | 2.34% | 6.98% |
Lipper Category Avg. Corporate Debt Funds BBB-Rated | 3.59% | -6.26% | -0.54% | 1.32% | 1.99% | - |
Bloomberg U.S. Credit Bond Index | 3.45% | -5.31% | -0.70% | 1.54% | 2.18% | 7.76% |
w/ sales charge | 1.57% | -8.34% | 1.02% | 0.92% | 2.11% | 6.92% |
Fund Expense Ratio :
Gross 0.75%
Net 0.75%
Returns with sales charges reflect a maximum sales charge of 2.25%.
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.
Type | Assets |
---|---|
Investment Grade Corporate | |
High Yield Corporate | |
ABS | |
U.S. Government Related | |
Bank Loans | |
CLO | |
CMBS | |
Sovereign | |
Other | |
Cash |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
Maturity | 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 04/28/2023 View Portfolio
Rating | Assets |
---|---|
U.S. Treasury | |
AAA | |
AA | |
A | |
BBB | |
<BBB | |
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 median, but if there are only two ratings, the lower rating is used. 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.
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Performance
Performance
Dividend Yield 1 as of 05/26/2023
w/o sales charge | 4.94% |
w/ sales charge | 4.82% |
30-Day Standardized Yield 2 as of 04/30/2023
Subsidized5 | Un-Subsidized6 | |
---|---|---|
w/o sales charge | 4.94% | 4.94% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.75%
Net 0.75%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1982 |
---|
w/o sales charge | 4.55% | -1.49% | 0.31% | 1.66% | 2.25% | 6.98% |
Lipper Category Avg. Corporate Debt Funds BBB-Rated | 4.32% | -0.50% | -1.92% | 1.64% | 1.88% | - |
Bloomberg U.S. Credit Bond Index | 4.26% | 0.72% | -1.92% | 1.88% | 2.08% | 7.77% |
w/ sales charge | 2.40% | -3.71% | -0.41% | 1.22% | 2.02% | 6.93% |
Fund Expense Ratio :
Gross 0.75%
Net 0.75%
Fund Expense Ratio :
Gross 0.75%
Net 0.75%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1982 |
---|
w/o sales charge | 3.71% | -6.32% | 1.78% | 1.35% | 2.34% | 6.98% |
Lipper Category Avg. Corporate Debt Funds BBB-Rated | 3.59% | -6.26% | -0.54% | 1.32% | 1.99% | - |
Bloomberg U.S. Credit Bond Index | 3.45% | -5.31% | -0.70% | 1.54% | 2.18% | 7.76% |
w/ sales charge | 1.57% | -8.34% | 1.02% | 0.92% | 2.11% | 6.92% |
Fund Expense Ratio :
Gross 0.75%
Net 0.75%
Returns with sales charges reflect a maximum sales charge of 2.25%.
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 U.S. Credit Bond Index |
---|
2022 | -15.48% | -15.26% |
2021 | 1.30% | -1.08% |
2020 | 7.95% | 9.35% |
2019 | 12.92% | 13.80% |
2018 | -2.69% | -2.11% |
2017 | 6.93% | 6.18% |
2016 | 8.74% | 5.63% |
2015 | -3.09% | -0.77% |
2014 | 7.23% | 7.53% |
2013 | 0.27% | -2.01% |
2012 | 12.51% | - |
2011 | 6.55% | - |
2010 | 10.84% | - |
2009 | 30.23% | - |
2008 | -10.16% | - |
2007 | 6.17% | - |
2006 | 3.58% | - |
2005 | 2.23% | - |
2004 | 3.81% | - |
2003 | 1.58% | - |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2023 | 3.71% | - | - | - | - |
2022 | -6.43% | -7.61% | -4.98% | 2.89% | -15.48% |
2021 | -2.55% | 3.52% | 0.41% | 0.00% | 1.30% |
2020 | -9.10% | 11.02% | 2.97% | 3.88% | 7.95% |
2019 | 5.20% | 3.54% | 2.37% | 1.26% | 12.92% |
2018 | -1.49% | -0.76% | 0.67% | -1.13% | -2.69% |
2017 | 2.33% | 1.94% | 1.59% | 0.89% | 6.93% |
2016 | 3.07% | 4.36% | 2.75% | -1.61% | 8.74% |
2015 | 1.83% | -1.72% | -2.09% | -1.09% | -3.09% |
2014 | 3.72% | 3.64% | -0.19% | -0.06% | 7.23% |
2013 | 1.20% | -3.53% | 0.57% | 2.12% | 0.27% |
2012 | 3.78% | 1.28% | 4.69% | 2.24% | 12.51% |
2011 | 2.04% | 2.35% | -0.43% | 2.47% | 6.55% |
2010 | 3.37% | 1.82% | 5.77% | -0.43% | 10.84% |
2009 | 2.64% | 13.30% | 9.57% | 2.21% | 30.23% |
2008 | 1.16% | 0.53% | -6.43% | -5.59% | -10.16% |
2007 | 1.14% | -0.86% | 2.73% | 3.07% | 6.17% |
2006 | -0.92% | -0.15% | 3.53% | 1.14% | 3.58% |
2005 | -0.23% | 2.87% | -0.97% | 0.59% | 2.23% |
2004 | 2.46% | -2.48% | 2.95% | 0.91% | 3.81% |
2003 | 0.61% | 1.69% | -0.87% | 0.14% | 1.58% |
2002 | 0.09% | 4.04% | 4.29% | 1.10% | 9.81% |
2001 | 2.33% | 0.31% | 4.76% | -0.60% | 6.91% |
2000 | 1.62% | 2.04% | 3.20% | 4.05% | 11.36% |
1999 | -0.35% | -1.21% | 0.43% | -0.40% | -1.57% |
1998 | 1.25% | 2.41% | 3.95% | 0.11% | 7.90% |
1997 | -1.58% | 4.08% | 3.24% | 3.20% | 9.16% |
1996 | -2.75% | -0.01% | 1.64% | 2.84% | 1.65% |
1995 | 4.23% | 4.46% | 2.13% | 4.02% | 15.65% |
1994 | -3.44% | -1.73% | 0.49% | 0.39% | -4.25% |
1993 | 3.77% | 3.02% | 2.37% | -0.15% | 9.22% |
1992 | -2.13% | 3.64% | 4.99% | 0.58% | 7.10% |
1991 | 2.39% | 1.03% | 6.79% | 5.81% | 16.90% |
1990 | -1.25% | 3.79% | 0.19% | 6.37% | 9.23% |
1989 | 0.71% | 7.02% | 0.86% | 3.71% | 12.76% |
1988 | 4.08% | 1.40% | 2.19% | -0.02% | 7.79% |
1987 | 2.04% | -3.12% | -3.71% | 6.77% | 1.65% |
1986 | 7.51% | -0.68% | 4.27% | 3.27% | 14.97% |
1985 | 0.71% | 9.68% | 1.83% | 6.44% | 19.70% |
1984 | 1.33% | -2.82% | 7.11% | 6.81% | 12.68% |
1983 | 5.62% | 2.63% | 0.80% | 0.64% | 9.95% |
1982 | - | 2.91% | 10.87% | 8.62% | 27.89% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 03/31/2023
The chart begins on the Fund's inception date of 01/01/1982.
Based on a hypothetical Class A share investment of $10,000 on 01/01/1982 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Type | Assets |
---|---|
Investment Grade Corporate | |
High Yield Corporate | |
ABS | |
U.S. Government Related | |
Bank Loans | |
CLO | |
CMBS | |
Sovereign | |
Other | |
Cash |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
Maturity | 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 04/28/2023
Rating | Assets |
---|---|
U.S. Treasury | |
AAA | |
AA | |
A | |
BBB | |
<BBB | |
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 median, but if there are only two ratings, the lower rating is used. 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 04/28/2023
- Total Net Assets
- $2.88 B
- Number of Issues
- 313
- Average Coupon
- 4.82%
- Average Life
- 8.16 Years
- Average Maturity
- 8.15 Years
- Average Effective Duration
- 6.85 Years
- Average Yield to Worst
- 5.9%
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 Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security. Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.
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 | 3.625% | 02/15/2053 | 1.6% |
Sprint Capital Corp | 6.875% | 11/15/2028 | 1.5% |
United States Treasury Inflation Indexed Bonds | 0.250% | 01/15/2025 | 1.2% |
JPMorgan Chase & Co | 4.912% | 07/25/2033 | 1.2% |
AT&T Inc | 3.500% | 09/15/2053 | 1.1% |
BAT Capital Corp | 7.750% | 10/19/2032 | 1.1% |
Bank of America Corp | 2.687% | 04/22/2032 | 1.1% |
Continental Resources Inc/OK | 5.750% | 01/15/2031 | 1.0% |
Netflix Inc | 5.375% | 11/15/2029 | 1.0% |
Centene Corp | 3.375% | 02/15/2030 | 1.0% |
Holding | Coupon | Maturity | Assets |
---|
Sprint Capital Corp | 6.875% | 11/15/2028 | 1.5% |
United States Treasury Note/Bond | 3.625% | 02/15/2053 | 1.4% |
United States Treasury Inflation Indexed Bonds | 0.250% | 01/15/2025 | 1.2% |
JPMorgan Chase & Co | 4.912% | 07/25/2033 | 1.2% |
AT&T Inc | 3.500% | 09/15/2053 | 1.2% |
BAT Capital Corp | 7.750% | 10/19/2032 | 1.2% |
Bank of America Corp | 2.687% | 04/22/2032 | 1.1% |
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc | 4.700% | 02/01/2036 | 1.1% |
Continental Resources Inc/OK | 5.750% | 01/15/2031 | 1.0% |
Netflix Inc | 5.375% | 11/15/2029 | 1.0% |
Centene Corp | 3.375% | 02/15/2030 | 1.0% |
VICI Properties LP / VICI Note Co Inc | 4.625% | 06/15/2025 | 0.9% |
Toronto-Dominion Bank/The | 4.456% | 06/08/2032 | 0.9% |
Philip Morris International Inc | 5.625% | 11/17/2029 | 0.9% |
Crown Castle Inc | 3.300% | 07/01/2030 | 0.8% |
Goldman Sachs Group Inc/The | 2.383% | 07/21/2032 | 0.8% |
GE HealthCare Technologies Inc | 5.650% | 11/15/2027 | 0.8% |
Southwest Gas Corp | 4.050% | 03/15/2032 | 0.8% |
Humana Inc | 3.700% | 03/23/2029 | 0.7% |
CVS Health Corp | 5.625% | 02/21/2053 | 0.7% |
Pacific Gas and Electric Co | 4.550% | 07/01/2030 | 0.7% |
TORONTO DOMINION BANK THE | 0.010% | 04/03/2023 | 0.7% |
NGPL PipeCo LLC | 4.875% | 08/15/2027 | 0.7% |
Puget Energy Inc | 4.100% | 06/15/2030 | 0.7% |
Lowe's Cos Inc | 5.000% | 04/15/2033 | 0.7% |
Broadcom Inc | 4.150% | 04/15/2032 | 0.7% |
Workday Inc | 3.800% | 04/01/2032 | 0.7% |
State of Illinois | 5.100% | 06/01/2033 | 0.7% |
Regal Rexnord Corp | 6.300% | 02/15/2030 | 0.7% |
American Tower Corp | 3.800% | 08/15/2029 | 0.7% |
Kellogg Co | 5.250% | 03/01/2033 | 0.7% |
Comision Federal de Electricidad | 4.688% | 05/15/2029 | 0.6% |
JT International Financial Services BV | 6.875% | 10/24/2032 | 0.6% |
Jabil Inc | 0.000% | 04/03/2023 | 0.6% |
Vistra Operations Co LLC | 3.550% | 07/15/2024 | 0.6% |
Imperial Brands Finance PLC | 6.125% | 07/27/2027 | 0.6% |
EQT Corp | 7.000% | 02/01/2030 | 0.6% |
Amazon.com Inc | 4.700% | 12/01/2032 | 0.6% |
Cargill Inc | 4.000% | 06/22/2032 | 0.6% |
Global Payments Inc | 5.300% | 08/15/2029 | 0.6% |
Texas Natural Gas Securitization Finance Corp | 5.169% | 04/01/2041 | 0.6% |
Cigna Group/The | 4.375% | 10/15/2028 | 0.6% |
Viterra Finance BV | 3.200% | 04/21/2031 | 0.6% |
Citigroup Inc | 2.561% | 05/01/2032 | 0.6% |
Amgen Inc | 5.250% | 03/02/2033 | 0.5% |
Avolon Holdings Funding Ltd | 4.250% | 04/15/2026 | 0.5% |
Toyota Motor Credit Corp | 4.700% | 01/12/2033 | 0.5% |
Citigroup Inc | 4.910% | 05/24/2033 | 0.5% |
Oracle Corp | 5.375% | 07/15/2040 | 0.5% |
Antero Resources Corp | 5.375% | 03/01/2030 | 0.5% |
Fluor Corp | 4.250% | 09/15/2028 | 0.5% |
Norfolk Southern Corp | 4.450% | 03/01/2033 | 0.5% |
Patterson-UTI Energy Inc | 5.150% | 11/15/2029 | 0.5% |
American Electric Power Co Inc | 5.625% | 03/01/2033 | 0.5% |
Morgan Stanley | 6.342% | 10/18/2033 | 0.5% |
Haleon US Capital LLC | 3.625% | 03/24/2032 | 0.5% |
Duke Energy Corp | 4.500% | 08/15/2032 | 0.5% |
UBS AG | 5.125% | 05/15/2024 | 0.5% |
American Express Co | 4.989% | 05/26/2033 | 0.5% |
ServiceNow Inc | 1.400% | 09/01/2030 | 0.5% |
US Bancorp | 4.839% | 02/01/2034 | 0.5% |
State Street Corp | 4.164% | 08/04/2033 | 0.5% |
Wells Fargo & Co | 3.350% | 03/02/2033 | 0.5% |
NRG Energy Inc | 4.450% | 06/15/2029 | 0.5% |
Hilton Worldwide Finance LLC | 6.642% | 06/22/2026 | 0.5% |
Celanese US Holdings LLC | 5.900% | 07/05/2024 | 0.5% |
International Flavors & Fragrances Inc | 1.230% | 10/01/2025 | 0.5% |
nVent Finance Sarl | 4.550% | 04/15/2028 | 0.5% |
Oracle Corp | 6.125% | 07/08/2039 | 0.5% |
Bayer Corp/NJ | 6.650% | 02/15/2028 | 0.5% |
F&G Annuities & Life Inc | 7.400% | 01/13/2028 | 0.5% |
Humana Inc | 5.875% | 03/01/2033 | 0.4% |
Amgen Inc | 4.050% | 08/18/2029 | 0.4% |
Danske Bank A/S | 5.375% | 01/12/2024 | 0.4% |
Duquesne Light Holdings Inc | 2.775% | 01/07/2032 | 0.4% |
Earthstone Energy Holdings LLC | 8.000% | 04/15/2027 | 0.4% |
Oracle Corp | 6.250% | 11/09/2032 | 0.4% |
Crescent Energy Finance LLC | 7.250% | 05/01/2026 | 0.4% |
DTE Energy Co | 2.950% | 03/01/2030 | 0.4% |
IPALCO Enterprises Inc | 4.250% | 05/01/2030 | 0.4% |
T-Mobile USA Inc | 3.875% | 04/15/2030 | 0.4% |
AbbVie Inc | 3.200% | 11/21/2029 | 0.4% |
Amgen Inc | 4.875% | 03/01/2053 | 0.4% |
Fairstone Financial Issuance Trust I | 5.162% | 10/20/2039 | 0.4% |
CVS Health Corp | 5.050% | 03/25/2048 | 0.4% |
Southern Co/The | 2.700% | 08/01/2024 | 0.4% |
Octane Receivables Trust 2022-2 | 5.850% | 07/20/2028 | 0.4% |
Eni SpA | 5.700% | 10/01/2040 | 0.4% |
Booz Allen Hamilton Inc | 3.875% | 09/01/2028 | 0.4% |
Jacobs Engineering Group Inc | 5.900% | 03/01/2033 | 0.4% |
JPMorgan Chase & Co | 2.963% | 01/25/2033 | 0.4% |
Charter Communications Operating LLC | 6.557% | 04/30/2025 | 0.4% |
Brown & Brown Inc | 4.200% | 03/17/2032 | 0.4% |
US ULTRA BOND CBT Jun23 | 0.000% | 06/30/2023 | 0.4% |
Alcoa Nederland Holding BV | 4.125% | 03/31/2029 | 0.4% |
Minejesa Capital BV | 4.625% | 08/10/2030 | 0.4% |
Avis Budget Rental Car Funding AESOP LLC | 3.710% | 08/20/2027 | 0.4% |
CVS Health Corp | 4.780% | 03/25/2038 | 0.4% |
Alcon Finance Corp | 5.375% | 12/06/2032 | 0.4% |
AEP Transmission Co LLC | 5.400% | 03/15/2053 | 0.4% |
Elevance Health Inc | 2.250% | 05/15/2030 | 0.4% |
Louisville Gas and Electric Co | 5.450% | 04/15/2033 | 0.4% |
New York Life Global Funding | 4.550% | 01/28/2033 | 0.4% |
Oklahoma Gas and Electric Co | 5.600% | 04/01/2053 | 0.4% |
Oglethorpe Power Corp | 5.950% | 11/01/2039 | 0.4% |
Virginia Electric and Power Co | 5.450% | 04/01/2053 | 0.4% |
Public Service Co of Colorado | 5.250% | 04/01/2053 | 0.4% |
Constellation Energy Generation LLC | 5.800% | 03/01/2033 | 0.4% |
Sitios Latinoamerica SAB de CV | 5.375% | 04/04/2032 | 0.4% |
NatWest Group PLC | 6.016% | 03/02/2034 | 0.4% |
Callon Petroleum Co | 8.000% | 08/01/2028 | 0.4% |
Intercontinental Exchange Inc | 4.350% | 06/15/2029 | 0.4% |
Avolon Holdings Funding Ltd | 3.950% | 07/01/2024 | 0.4% |
Aethon United BR LP / Aethon United Finance Corp | 8.250% | 02/15/2026 | 0.4% |
Aircastle Ltd | 2.850% | 01/26/2028 | 0.4% |
Madison Park Funding XVII Ltd | 6.315% | 07/21/2030 | 0.4% |
MSCI Inc | 3.625% | 11/01/2031 | 0.3% |
Credit Suisse Group AG | 6.373% | 07/15/2026 | 0.3% |
Wells Fargo & Co | 4.897% | 07/25/2033 | 0.3% |
AT&T Inc | 4.300% | 02/15/2030 | 0.3% |
National Australia Bank Ltd | 3.933% | 08/02/2034 | 0.3% |
Elevance Health Inc | 4.100% | 05/15/2032 | 0.3% |
Danske Bank A/S | 3.773% | 03/28/2025 | 0.3% |
US Bancorp | 4.967% | 07/22/2033 | 0.3% |
California Resources Corp | 7.125% | 02/01/2026 | 0.3% |
Vermilion Energy Inc | 6.875% | 05/01/2030 | 0.3% |
Global Payments Inc | 0.000% | 04/03/2023 | 0.3% |
Permian Resources Operating LLC | 6.875% | 04/01/2027 | 0.3% |
Spire Missouri Inc | 4.800% | 02/15/2033 | 0.3% |
Atlantica Sustainable Infrastructure PLC | 4.125% | 06/15/2028 | 0.3% |
Vital Energy Inc | 10.125% | 01/15/2028 | 0.3% |
Romark CLO Ltd | 6.465% | 10/23/2030 | 0.3% |
Liberty Utilities Finance GP 1 | 2.050% | 09/15/2030 | 0.3% |
Diamondback Energy Inc | 3.125% | 03/24/2031 | 0.3% |
Assurant Inc | 3.700% | 02/22/2030 | 0.3% |
BankUnited Inc | 5.125% | 06/11/2030 | 0.3% |
EPR Properties | 4.950% | 04/15/2028 | 0.3% |
SEB Funding LLC | 4.969% | 01/30/2052 | 0.3% |
Aker BP ASA | 3.100% | 07/15/2031 | 0.3% |
American Express Co | 4.420% | 08/03/2033 | 0.3% |
Santander Consumer Auto Receivables Trust 2020-B | 7.030% | 08/15/2028 | 0.3% |
FactSet Research Systems Inc | 3.450% | 03/01/2032 | 0.3% |
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd | 6.084% | 05/15/2036 | 0.3% |
Westpac Banking Corp | 4.110% | 07/24/2034 | 0.3% |
International Flavors & Fragrances Inc | 2.300% | 11/01/2030 | 0.3% |
Regal Rexnord Corp | 6.050% | 04/15/2028 | 0.3% |
ROCC Holdings LLC | 9.250% | 08/15/2026 | 0.3% |
Great Wolf Trust 2019-WOLF | 5.976% | 12/15/2036 | 0.3% |
Hyatt Hotels Corp | 1.300% | 10/01/2023 | 0.3% |
Rad CLO 7 Ltd | 5.992% | 04/17/2033 | 0.3% |
Tap Rock Resources LLC | 7.000% | 10/01/2026 | 0.3% |
Intesa Sanpaolo SpA | 8.248% | 11/21/2033 | 0.3% |
Bank of America Corp | 2.482% | 09/21/2036 | 0.3% |
Leidos Inc | 7.125% | 07/01/2032 | 0.3% |
CarMax Auto Owner Trust 2023-1 | 6.270% | 11/15/2029 | 0.3% |
AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 1.750% | 10/29/2024 | 0.3% |
Macquarie Bank Ltd | 3.052% | 03/03/2036 | 0.3% |
CenterPoint Energy Resources Corp | 5.400% | 03/01/2033 | 0.3% |
Ovintiv Inc | 6.500% | 02/01/2038 | 0.3% |
Trimble Inc | 6.100% | 03/15/2033 | 0.3% |
Oklahoma Gas and Electric Co | 5.400% | 01/15/2033 | 0.3% |
Berry Petroleum Co LLC | 7.000% | 02/15/2026 | 0.3% |
Bayer US Finance II LLC | 4.375% | 12/15/2028 | 0.3% |
GLP Capital LP / GLP Financing II Inc | 5.750% | 06/01/2028 | 0.3% |
Discover Bank | 4.682% | 08/09/2028 | 0.3% |
Intact Financial Corp | 5.459% | 09/22/2032 | 0.3% |
Horizon Therapeutics USA Inc | 6.563% | 03/15/2028 | 0.2% |
CIFC Funding 2021-IV Ltd | 5.842% | 07/15/2033 | 0.2% |
Morgan Stanley | 2.484% | 09/16/2036 | 0.2% |
Capital One Financial Corp | 1.343% | 12/06/2024 | 0.2% |
Pacific Gas and Electric Co | 6.150% | 01/15/2033 | 0.2% |
Carvana Auto Receivables Trust 2019-4 | 4.700% | 10/15/2026 | 0.2% |
Occidental Petroleum Corp | 6.625% | 09/01/2030 | 0.2% |
Tampa Electric Co | 4.300% | 06/15/2048 | 0.2% |
Hilcorp Energy I LP / Hilcorp Finance Co | 6.250% | 11/01/2028 | 0.2% |
Flowserve Corp | 2.800% | 01/15/2032 | 0.2% |
Wyndham Hotels & Resorts Inc | 6.590% | 05/30/2025 | 0.2% |
Texas Capital Bancshares Inc | 4.000% | 05/06/2031 | 0.2% |
Stars Group Holdings BV | 7.409% | 07/21/2026 | 0.2% |
Eastern Gas Transmission & Storage Inc | 3.000% | 11/15/2029 | 0.2% |
Molina Healthcare Inc | 4.375% | 06/15/2028 | 0.2% |
KeyBank NA/Cleveland OH | 5.000% | 01/26/2033 | 0.2% |
AES Corp/The | 2.450% | 01/15/2031 | 0.2% |
Protective Life Corp | 8.450% | 10/15/2039 | 0.2% |
Cellnex Finance Co SA | 3.875% | 07/07/2041 | 0.2% |
LoanCore 2022-CRE7 Issuer Ltd | 6.108% | 01/17/2037 | 0.2% |
Avant Loans Funding Trust 2021-REV1 | 4.300% | 07/15/2030 | 0.2% |
Morgan Stanley | 2.239% | 07/21/2032 | 0.2% |
Westpac Banking Corp | 2.668% | 11/15/2035 | 0.2% |
Constellation Brands Inc | 3.150% | 08/01/2029 | 0.2% |
Fresenius Medical Care US Finance III Inc | 3.000% | 12/01/2031 | 0.2% |
BNP Paribas SA | 4.375% | 03/01/2033 | 0.2% |
US 2YR NOTE (CBT) Jun23 | 0.000% | 07/06/2023 | 0.2% |
PVH Corp | 7.750% | 11/15/2023 | 0.2% |
UBS Group AG | 2.746% | 02/11/2033 | 0.2% |
Leidos Inc | 4.375% | 05/15/2030 | 0.2% |
Manufacturers & Traders Trust Co | 4.650% | 01/27/2026 | 0.2% |
Cigna Group/The | 2.400% | 03/15/2030 | 0.2% |
Nabors Industries Ltd | 7.250% | 01/15/2026 | 0.2% |
BPCE SA | 3.116% | 10/19/2032 | 0.2% |
Viterra Finance BV | 4.900% | 04/21/2027 | 0.2% |
Brown-Forman Corp | 4.750% | 04/15/2033 | 0.2% |
US LONG BOND(CBT) Jun23 | 0.000% | 06/30/2023 | 0.2% |
Aon Corp | 8.205% | 01/01/2027 | 0.2% |
Constellation Energy Generation LLC | 6.250% | 10/01/2039 | 0.2% |
FirstEnergy Transmission LLC | 4.550% | 04/01/2049 | 0.2% |
CVS Health Corp | 3.250% | 08/15/2029 | 0.2% |
Navient Corp | 6.750% | 06/25/2025 | 0.2% |
NatWest Group PLC | 3.032% | 11/28/2035 | 0.2% |
Baytex Energy Corp | 8.750% | 04/01/2027 | 0.2% |
Diamondback Energy Inc | 6.250% | 03/15/2033 | 0.2% |
UBS Group AG | 5.959% | 01/12/2034 | 0.2% |
NOV Inc | 3.600% | 12/01/2029 | 0.2% |
Akbank TAS | 6.797% | 04/27/2028 | 0.2% |
Alfa Desarrollo SpA | 4.550% | 09/27/2051 | 0.2% |
Neuberger Berman Group LLC / Neuberger Berman Finance Corp | 4.500% | 03/15/2027 | 0.2% |
Diamondback Energy Inc | 3.500% | 12/01/2029 | 0.2% |
Octagon Loan Funding Ltd | 6.081% | 11/18/2031 | 0.2% |
Gulfport Energy Corp | 8.000% | 05/17/2026 | 0.2% |
Eastern Gas Transmission & Storage Inc | 4.600% | 12/15/2044 | 0.2% |
CIFC Funding 2019-II Ltd | 6.292% | 04/17/2034 | 0.2% |
Morgan Stanley | 5.297% | 04/20/2037 | 0.2% |
Marble Point CLO XVII Ltd | 6.108% | 04/20/2033 | 0.2% |
Selective Insurance Group Inc | 5.375% | 03/01/2049 | 0.2% |
Ovintiv Inc | 6.625% | 08/15/2037 | 0.2% |
Hertz Vehicle Financing LLC | 3.980% | 12/26/2025 | 0.2% |
Global Atlantic Fin Co | 4.700% | 10/15/2051 | 0.2% |
Bank of New York Mellon Corp/The | 4.596% | 07/26/2030 | 0.2% |
Viterra Finance BV | 2.000% | 04/21/2026 | 0.2% |
MHI Holdings LLC | 9.840% | 09/21/2026 | 0.2% |
Comstock Resources Inc | 5.875% | 01/15/2030 | 0.2% |
Lendmark Funding Trust 2021-2 | 4.460% | 04/20/2032 | 0.2% |
Mariner Finance Issuance Trust 2021-A | 5.400% | 03/20/2036 | 0.2% |
Baltimore Gas and Electric Co | 4.550% | 06/01/2052 | 0.2% |
CS Master Trust | 8.634% | 04/15/2025 | 0.1% |
Encino Acquisition Partners Holdings LLC | 8.500% | 05/01/2028 | 0.1% |
DTE Energy Co | 3.400% | 06/15/2029 | 0.1% |
Lending Funding Trust 2020-2 | 6.770% | 04/21/2031 | 0.1% |
GS Mortgage Securities Corp Trust 2021-ROSS | 9.334% | 05/15/2026 | 0.1% |
Project Alpha Intermediate Holding Inc | 8.840% | 04/26/2024 | 0.1% |
Voya CLO 2018-4 Ltd | 5.832% | 01/15/2032 | 0.1% |
Elevance Health Inc | 5.500% | 10/15/2032 | 0.1% |
EPR Properties | 3.750% | 08/15/2029 | 0.1% |
Leidos Inc | 5.750% | 03/15/2033 | 0.1% |
Invitation Homes Operating Partnership LP | 5.840% | 01/31/2025 | 0.1% |
Kenvue Inc | 5.050% | 03/22/2053 | 0.1% |
BX Commercial Mortgage Trust 2019-IMC | 6.834% | 04/15/2034 | 0.1% |
Westlake Automobile Receivables Trust 2021-1 | 3.910% | 09/15/2027 | 0.1% |
Continental Finance Credit Card ABS Master Trust | 3.660% | 12/15/2028 | 0.1% |
Elevance Health Inc | 5.125% | 02/15/2053 | 0.1% |
Mountain View CLO 2017-1 LLC | 5.882% | 10/16/2029 | 0.1% |
SPX FLOW Inc | 8.750% | 04/01/2030 | 0.1% |
Aviation Capital Group LLC | 3.500% | 11/01/2027 | 0.1% |
Sabre GLBL Inc | 7.375% | 09/01/2025 | 0.1% |
M&T Bank Corp | 5.053% | 01/27/2034 | 0.1% |
Pacific Gas and Electric Co | 6.700% | 04/01/2053 | 0.1% |
BBCMS 2019-BWAY Mortgage Trust | 6.552% | 11/15/2034 | 0.1% |
Neuberger Berman Group LLC / Neuberger Berman Finance Corp | 4.875% | 04/15/2045 | 0.1% |
Comerica Bank | 2.500% | 07/23/2024 | 0.1% |
ABN AMRO Bank NV | 3.324% | 03/13/2037 | 0.1% |
Macquarie Group Ltd | 2.691% | 06/23/2032 | 0.1% |
Precision Drilling Corp | 6.875% | 01/15/2029 | 0.1% |
Topaz Solar Farms LLC | 5.750% | 09/30/2039 | 0.1% |
Santander Consumer Auto Receivables Trust 2021-A | 5.790% | 08/15/2028 | 0.1% |
HPLY Trust 2019-HIT | 5.684% | 11/15/2036 | 0.1% |
National Australia Bank Ltd | 2.990% | 05/21/2031 | 0.1% |
UniCredit SpA | 5.459% | 06/30/2035 | 0.1% |
COMM 2015-PC1 Mortgage Trust | 4.298% | 07/10/2050 | 0.1% |
Huntington Bancshares Inc/OH | 2.487% | 08/15/2036 | 0.1% |
Catalent Pharma Solutions Inc | 0.000% | 02/22/2028 | 0.1% |
CS Master Trust | 8.862% | 04/15/2023 | 0.1% |
Mariner Finance Issuance Trust 2021-B | 4.680% | 11/20/2036 | 0.1% |
Vital Energy Inc | 7.750% | 07/31/2029 | 0.1% |
Assurant Inc | 2.650% | 01/15/2032 | 0.1% |
Wells Fargo Commercial Mortgage Trust 2017-C41 | 3.785% | 11/15/2050 | 0.1% |
Macquarie Bank Ltd | 4.875% | 06/10/2025 | 0.1% |
Perimeter Master Note Business Trust | 4.230% | 05/15/2024 | 0.1% |
Western Alliance Bancorp | 3.000% | 06/15/2031 | 0.1% |
JFIN CLO 2013 Ltd | 6.198% | 01/20/2030 | 0.1% |
JPMBB Commercial Mortgage Securities Trust 2015-C30 | 4.230% | 07/15/2048 | 0.1% |
Intesa Sanpaolo SpA | 4.198% | 06/01/2032 | 0.1% |
Morgan Stanley | 4.431% | 01/23/2030 | 0.0% |
Leidos Holdings Inc | 5.950% | 12/01/2040 | 0.0% |
Sri Lanka Government International Bond | 5.875% | 07/25/2022 | 0.0% |
RESORTS WORLD LAS VEGAS LLC | 6.350% | 04/16/2024 | 0.0% |
Galaxy XXI CLO Ltd | 5.828% | 04/20/2031 | 0.0% |
Elevation CLO 2014-2 Ltd | 8.094% | 10/15/2029 | 0.0% |
Wells Fargo Commercial Mortgage Trust 2013-LC12 | 4.364% | 07/15/2046 | 0.0% |
LPL Holdings Inc | 6.412% | 11/12/2026 | 0.0% |
American Airlines Group Inc | 3.750% | 03/01/2025 | 0.0% |
US 10YR NOTE (CBT)Jun23 | 0.000% | 06/30/2023 | 0.0% |
GS Mortgage Securities Trust 2015-GS1 | 0.180% | 11/10/2048 | 0.0% |
CPI Swap | 0.010% | 03/24/2028 | 0.0% |
CPI Swap | 0.010% | 02/10/2028 | 0.0% |
Government National Mortgage Association | 0.381% | 07/16/2054 | 0.0% |
CPI Swap | 0.010% | 03/24/2028 | 0.0% |
FX USD/CAD 04/23 | 0.000% | 04/20/2023 | 0.0% |
Alloy Finco Ltd | 0.500% | 03/06/2025 | 0.0% |
GS Mortgage Securities Trust 2013-GCJ12 | 0.475% | 06/10/2046 | 0.0% |
Hudsons Bay Simon JV Trust 2015-HBS | 0.493% | 08/05/2034 | 0.0% |
Hudsons Bay Simon JV Trust 2015-HBS | 0.541% | 08/05/2034 | 0.0% |
GS Mortgage Securities Trust 2013-GCJ12 | 1.194% | 06/10/2046 | 0.0% |
OGX Austria GmbH | 8.500% | 06/01/2018 | 0.0% |
US 5YR NOTE (CBT) Jun23 | 0.000% | 07/06/2023 | -0.1% |
US 10yr Ultra Fut Jun23 | 0.000% | 06/30/2023 | -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.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 05/26/2023
- $0.03790
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 12/31/2015 | $0.01028 | $2.66 |
Daily | Daily | 11/30/2015 | $0.01015 | $2.71 |
Daily | Daily | 10/31/2015 | $0.01035 | $2.73 |
Daily | Daily | 09/30/2015 | $0.01054 | $2.72 |
Daily | Daily | 08/31/2015 | $0.01054 | $2.74 |
Daily | Daily | 07/31/2015 | $0.01028 | $2.79 |
Daily | Daily | 06/30/2015 | $0.01016 | $2.81 |
Daily | Daily | 05/31/2015 | $0.01012 | $2.86 |
Daily | Daily | 04/30/2015 | $0.01027 | $2.88 |
Daily | Daily | 03/31/2015 | $0.01066 | $2.89 |
Daily | Daily | 02/28/2015 | $0.01083 | $2.90 |
Daily | Daily | 01/31/2015 | $0.01088 | $2.91 |
Upcoming Dividend Payment Dates
Record Date | Ex-Dividend Date | Reinvest & Payable Date |
---|---|---|
Daily | Daily | 05/31/2023 |
Daily | Daily | 06/30/2023 |
Daily | Daily | 07/31/2023 |
Daily | Daily | 08/31/2023 |
Daily | Daily | 09/30/2023 |
Daily | Daily | 10/31/2023 |
Daily | Daily | 11/30/2023 |
Daily | Daily | 12/31/2023 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/16/2021 | 12/17/2021 | $0.0469 | $0.0022 | $0.0491 | $2.94 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 05/26/2023
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $2.45 |
$100,000 to $249,999 | 1.75% | 1.50% | $2.43 |
$250,000 to $499,999 | 1.25% | 1.00% | $2.42 |
$500,000 to $999,999 | 0.00% | 1.00% | $2.39 |
$1,000,000 to $5,000,000 | 0.00% | 1.00% | $2.39 |
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.
Expense Ratioas of 04/30/2023
Fund Gross Expense Ratio | Fund Net Expense Ratio | |
---|---|---|
0.75% | 0.75% |
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
0Documents selected
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Fund Story
Publish Date:11/03/2015
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