LAGVX | Income Fund Class A | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)
View All Tracked Funds
View All Tracked Funds

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Check Out Go Literature Center

 

Income Fund

Track this Fund
Add to Hypo Tool

Daily price w/o sales charge as of 01/26/2023

$2.47

$0.00

YTD Returns w/o sales charge as of 01/26/2023

4.10%

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 Income Fund?

The Fund seeks to deliver a high level of current income by investing primarily in a wide range of investment grade fixed income securities. 
 

FOCUS ON CORPORATE CREDIT

The investment team focuses on corporate bonds, diversified with select mortgage, high yield and non-U.S. securities to provide the opportunity for attractive total return.

BUILT ON INTENSIVE RESEARCH

The strategy employs quantitative and fundamental research to drive sector rotation and security selection.

IDENTIFY INCOME

The investment process identifies fixed-income sectors and securities with attractive valuations to provide the opportunity to deliver income.

 

Yield

Dividend Yield 1 as of 01/26/2023  

w/o sales charge 4.50%
w/ sales charge 4.39%

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

  Subsidized5 Un-Subsidized6
w/o sales charge 5.10% 5.09%

Average Yield to Worst as of 12/30/2022

6.22%

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

Fund Basicsas of 12/30/2022

Total Net Assets
$2.52 B
Inception Date
09/19/1932*
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
283
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 :

0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/01/1982
w/o sales charge -15.48% -15.48% -2.59% 0.31% 2.09% 6.93%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -15.74% -15.74% -2.86% 0.19% 1.63% -
Bloomberg U.S. Credit Bond Index -15.26% -15.26% -2.86% 0.42% 1.82% 7.72%
w/ sales charge -17.46% -17.46% -3.36% -0.17% 1.86% 6.87%

Fund Expense Ratio :

0.73%

Fund Expense Ratio :

0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/01/1982
w/o sales charge -15.48% -15.48% -2.59% 0.31% 2.09% 6.93%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -15.74% -15.74% -2.86% 0.19% 1.63% -
Bloomberg U.S. Credit Bond Index -15.26% -15.26% -2.86% 0.42% 1.82% 7.72%
w/ sales charge -17.46% -17.46% -3.36% -0.17% 1.86% 6.87%

Fund Expense Ratio :

0.73%

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
U.S. Government Related
ABS
CLO
CMBS
Bank Loans
MBS
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 12/30/2022 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.

INVESTMENT TEAM

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

Partner & Portfolio Manager

24 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

31 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

28 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

21 Years of Industry Experience

Yoana N. Koleva
Yoana N. Koleva, CFA

Partner, Portfolio Manager

19 Years of Industry Experience

Eric P. Kang
Eric P. Kang

Managing Director, Portfolio Manager

23 Years of Industry Experience

Supported By 68 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 01/26/2023  

w/o sales charge 4.50%
w/ sales charge 4.39%

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

  Subsidized5 Un-Subsidized6
w/o sales charge 5.10% 5.09%

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

Fund Expense Ratio :

0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/01/1982
w/o sales charge -15.48% -15.48% -2.59% 0.31% 2.09% 6.93%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -15.74% -15.74% -2.86% 0.19% 1.63% -
Bloomberg U.S. Credit Bond Index -15.26% -15.26% -2.86% 0.42% 1.82% 7.72%
w/ sales charge -17.46% -17.46% -3.36% -0.17% 1.86% 6.87%

Fund Expense Ratio :

0.73%

Fund Expense Ratio :

0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/01/1982
w/o sales charge -15.48% -15.48% -2.59% 0.31% 2.09% 6.93%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -15.74% -15.74% -2.86% 0.19% 1.63% -
Bloomberg U.S. Credit Bond Index -15.26% -15.26% -2.86% 0.42% 1.82% 7.72%
w/ sales charge -17.46% -17.46% -3.36% -0.17% 1.86% 6.87%

Fund Expense Ratio :

0.73%

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 - - - - 4.10%
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 07/31/2021

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
U.S. Government Related
ABS
CLO
CMBS
Bank Loans
MBS
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 12/30/2022

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 12/30/2022

Total Net Assets
$2.52 B
Number of Issues
283
Average Coupon
4.61%
Average Life
8.52 Years
Average Maturity
8.51 Years
Average Effective Duration
6.99 Years
Average Yield to Worst
6.22%

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 3.000% 08/15/2052 3.3%
AbbVie Inc 3.200% 11/21/2029 1.7%
Sprint Capital Corp 6.875% 11/15/2028 1.3%
CVS Health Corp 3.250% 08/15/2029 1.2%
Cigna Corp 4.375% 10/15/2028 1.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc 4.700% 02/01/2036 1.2%
Southwestern Energy Co 7.041% 06/22/2027 1.1%
AT&T Inc 3.500% 09/15/2053 1.1%
Verizon Communications Inc 2.355% 03/15/2032 1.1%
United States Treasury Inflation Indexed Bonds 0.625% 07/15/2032 1.0%
% of Total Assets 14.2%
Holding Coupon Maturity Assets
United States Treasury Note/Bond3.250% 05/15/20422.6%
AbbVie Inc3.200% 11/21/20291.7%
Southwestern Energy Co6.203% 06/22/20271.6%
Sprint Capital Corp6.875% 11/15/20281.3%
Broadcom Inc4.150% 04/15/20321.3%
CVS Health Corp3.250% 08/15/20291.2%
30-YR UMBS-TBA PROD NOV5.000% 07/01/20521.1%
30-YR UMBS-TBA PROD NOV4.500% 07/01/20521.1%
United States Treasury Inflation Indexed Bonds0.625% 07/15/20321.0%
Toronto-Dominion Bank/The4.456% 06/08/20320.9%
Continental Resources Inc/OK5.750% 01/15/20310.9%
VICI Properties LP / VICI Note Co Inc4.625% 06/15/20250.8%
NGPL PipeCo LLC4.875% 08/15/20270.8%
Cigna Corp4.375% 10/15/20280.8%
Pacific Gas and Electric Co4.550% 07/01/20300.8%
Southwest Gas Corp4.050% 03/15/20320.7%
Netflix Inc5.375% 11/15/20290.7%
30-YR UMBS-TBA PROD NOV5.500% 07/01/20520.7%
Nielsen Finance LLC4.705% 10/04/20230.7%
Workday Inc3.800% 04/01/20320.7%
Cargill Inc4.000% 06/22/20320.7%
Crown Castle Inc3.300% 07/01/20300.6%
Puget Energy Inc4.100% 06/15/20300.6%
Time Warner Cable LLC7.300% 07/01/20380.6%
US 10yr Ultra Fut Dec220.000% 12/30/20220.6%
EQT Corp7.000% 02/01/20300.6%
United States Treasury Inflation Indexed Bonds0.125% 02/15/20520.6%
Bank of America Corp2.687% 04/22/20320.6%
Citigroup Inc2.561% 05/01/20320.6%
Intercontinental Exchange Inc4.350% 06/15/20290.6%
Lowe's Cos Inc5.000% 04/15/20330.6%
Fluor Corp4.250% 09/15/20280.6%
Citigroup Inc4.910% 05/24/20330.6%
Jabil Inc0.000% 10/03/20220.6%
UBS AG5.125% 05/15/20240.6%
Becton Dickinson and Co4.298% 08/22/20320.6%
United States Treasury Note/Bond2.375% 02/15/20420.6%
Charter Communications Operating LLC / Charter Communications Operating Capital6.484% 10/23/20450.6%
GSK Consumer Healthcare Capital US LLC3.625% 03/24/20320.5%
American Express Co4.989% 05/26/20330.5%
State Street Corp4.164% 08/04/20330.5%
Oracle Corp5.375% 07/15/20400.5%
Comision Federal de Electricidad4.688% 05/15/20290.5%
NRG Energy Inc4.450% 06/15/20290.5%
Dell International LLC / EMC Corp8.350% 07/15/20460.5%
United States Treasury Note/Bond2.875% 05/15/20520.5%
Alcoa Nederland Holding BV4.125% 03/31/20290.5%
Wells Fargo & Co3.350% 03/02/20330.5%
30-YR GNMA II-TBA PROD OCT5.000% 08/01/20520.5%
Vistra Operations Co LLC3.550% 07/15/20240.5%
Bayer Corp6.650% 02/15/20280.5%
nVent Finance Sarl4.550% 04/15/20280.5%
Danske Bank A/S5.375% 01/12/20240.5%
Amgen Inc4.050% 08/18/20290.5%
Fannie Mae Pool2.500% 05/01/20510.5%
State of Illinois5.100% 06/01/20330.5%
Oracle Corp6.125% 07/08/20390.5%
BlueMountain CLO XXVIII Ltd4.012% 04/15/20340.5%
Duquesne Light Holdings Inc2.775% 01/07/20320.5%
ServiceNow Inc1.400% 09/01/20300.5%
Crescent Energy Finance LLC7.250% 05/01/20260.5%
Southern Co/The2.700% 08/01/20240.5%
DTE Energy Co2.950% 03/01/20300.5%
Santander Drive Auto Receivables Trust 2022-54.430% 03/15/20270.5%
CNO Financial Group Inc5.250% 05/30/20250.4%
Octane Receivables Trust 2022-25.850% 07/20/20280.4%
Fairstone Financial Issuance Trust I5.162% 10/20/20390.4%
Oracle Corp2.875% 03/25/20310.4%
Eni SpA5.700% 10/01/20400.4%
Avis Budget Rental Car Funding AESOP LLC3.710% 08/20/20270.4%
Brown & Brown Inc4.200% 03/17/20320.4%
Humana Inc3.125% 08/15/20290.4%
Minejesa Capital BV4.625% 08/10/20300.4%
JPMorgan Chase & Co2.963% 01/25/20330.4%
Freddie Mac STACR REMIC Trust 2021-HQA43.231% 12/25/20410.4%
NextEra Energy Capital Holdings Inc5.000% 07/15/20320.4%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.4%
America Movil SAB de CV5.375% 04/04/20320.4%
Credit Suisse Group AG6.373% 07/15/20260.4%
Madison Park Funding XVII Ltd4.232% 07/21/20300.4%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.4%
EPR Properties4.950% 04/15/20280.4%
McDonald's Corp4.600% 09/09/20320.4%
Glencore Funding LLC2.850% 04/27/20310.4%
Danske Bank A/S3.773% 03/28/20250.4%
Vermilion Energy Inc6.875% 05/01/20300.4%
Fidelity National Information Services Inc5.100% 07/15/20320.4%
BankUnited Inc5.125% 06/11/20300.4%
Global Payments Inc5.300% 08/15/20290.4%
Oglethorpe Power Corp5.950% 11/01/20390.4%
Callon Petroleum Co8.000% 08/01/20280.4%
National Australia Bank Ltd3.933% 08/02/20340.4%
US Bancorp4.967% 07/22/20330.4%
JPMorgan Chase & Co4.912% 07/25/20330.4%
Permian Resources Operating LLC6.875% 04/01/20270.4%
Wells Fargo & Co4.897% 07/25/20330.4%
Elevance Health Inc4.100% 05/15/20320.4%
ONE Gas Inc4.250% 09/01/20320.4%
Penn Virginia Holdings LLC9.250% 08/15/20260.4%
IPALCO Enterprises Inc4.250% 05/01/20300.4%
Antero Resources Corp5.375% 03/01/20300.4%
Aircastle Ltd2.850% 01/26/20280.4%
Suncor Energy Inc7.875% 06/15/20260.4%
CNO Financial Group Inc5.250% 05/30/20290.4%
Ally Financial Inc8.000% 11/01/20310.4%
30-YR UMBS-TBA PROD NOV4.000% 08/01/20520.4%
Goldman Sachs Group Inc/The6.750% 10/01/20370.3%
Xiaomi Best Time International Ltd2.875% 07/14/20310.3%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.3%
Romark CLO Ltd4.433% 10/23/20300.3%
Santander Consumer Auto Receivables Trust 2020-B7.030% 08/15/20280.3%
Assurant Inc3.700% 02/22/20300.3%
One Bryant Park Trust 2019-OBP2.516% 09/15/20540.3%
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd4.218% 05/15/20360.3%
Elevance Health Inc2.250% 05/15/20300.3%
Diamondback Energy Inc3.125% 03/24/20310.3%
Fannie Mae Pool3.500% 07/01/20450.3%
American Express Co4.420% 08/03/20330.3%
AES Panama Generation Holdings SRL4.375% 05/31/20300.3%
AEP Transmission Co LLC4.500% 06/15/20520.3%
Viterra Finance BV3.200% 04/21/20310.3%
Aker BP ASA3.100% 07/15/20310.3%
Great Wolf Trust 2019-WOLF3.852% 12/15/20360.3%
Ready Capital Mortgage Financing 2021-FL5 LLC6.084% 04/25/20380.3%
FactSet Research Systems Inc3.450% 03/01/20320.3%
Time Warner Entertainment Co LP8.375% 07/15/20330.3%
Westpac Banking Corp4.110% 07/24/20340.3%
Hyatt Hotels Corp1.300% 10/01/20230.3%
CBAM 2017-1 Ltd6.460% 07/20/20300.3%
Rad CLO 7 Ltd3.940% 04/17/20330.3%
Qorvo Inc3.375% 04/01/20310.3%
Home Depot Inc/The4.500% 09/15/20320.3%
Occidental Petroleum Corp6.625% 09/01/20300.3%
BFLD 2019-DPLO5.058% 10/15/20340.3%
Centene Corp3.375% 02/15/20300.3%
Discover Bank4.682% 08/09/20280.3%
Navient Corp6.750% 06/25/20250.3%
Civitas Resources Inc5.000% 10/15/20260.3%
Chord Energy Corp6.375% 06/01/20260.3%
Bank of America Corp4.571% 04/27/20330.3%
Ovintiv Inc6.500% 02/01/20380.3%
Bank of America Corp2.482% 09/21/20360.3%
Macquarie Bank Ltd3.052% 03/03/20360.3%
Exeter Automobile Receivables Trust 2020-33.440% 08/17/20260.3%
Leidos Inc7.125% 07/01/20320.3%
Comstock Resources Inc5.875% 01/15/20300.3%
Texas Capital Bancshares Inc4.000% 05/06/20310.3%
CVS Health Corp4.780% 03/25/20380.3%
American Airlines 2021-1 Class A Pass Through Trust2.875% 01/11/20360.3%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.3%
Tampa Electric Co5.000% 07/15/20520.3%
Earthstone Energy Holdings LLC8.000% 04/15/20270.3%
One New York Plaza Trust 2020-1NYP4.318% 01/15/20360.3%
Bayer US Finance II LLC4.375% 12/15/20280.3%
CIFC Funding 2021-IV Ltd3.562% 07/15/20330.3%
Capital One Financial Corp1.343% 12/06/20240.3%
Intact Financial Corp5.459% 09/22/20320.3%
Carvana Auto Receivables Trust 2019-44.700% 10/15/20260.3%
Oncor Electric Delivery Co LLC4.550% 09/15/20320.3%
Exeter Automobile Receivables Trust 2020-35.560% 06/15/20270.3%
Triton Container International Ltd / TAL International Container Corp3.250% 03/15/20320.3%
Berry Petroleum Co LLC7.000% 02/15/20260.3%
Morgan Stanley2.484% 09/16/20360.3%
30-YR GNMA II-TBA PROD OCT4.500% 08/01/20520.3%
LoanCore 2022-CRE7 Issuer Ltd3.834% 01/17/20370.3%
Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.3%
PVH Corp7.750% 11/15/20230.3%
Baytex Energy Corp8.750% 04/01/20270.3%
Rad CLO 2 Ltd4.012% 10/15/20310.3%
Invitation Homes Operating Partnership LP2.000% 08/15/20310.3%
Tap Rock Resources LLC7.000% 10/01/20260.3%
Qorvo Inc4.375% 10/15/20290.3%
Protective Life Corp8.450% 10/15/20390.3%
Flowserve Corp2.800% 01/15/20320.2%
NSTAR Electric Co4.550% 06/01/20520.2%
Fresenius Medical Care US Finance III Inc3.000% 12/01/20310.2%
Westpac Banking Corp2.668% 11/15/20350.2%
BNP Paribas SA4.375% 03/01/20330.2%
Patterson-UTI Energy Inc5.150% 11/15/20290.2%
Laredo Petroleum Inc10.125% 01/15/20280.2%
30-YR GNMA II-TBA PROD NOV4.500% 08/01/20520.2%
Aon Corp8.205% 01/01/20270.2%
PulteGroup Inc6.375% 05/15/20330.2%
BX Commercial Mortgage Trust 2019-XL4.268% 10/15/20360.2%
Baltimore Gas and Electric Co4.550% 06/01/20520.2%
Leggett & Platt Inc0.000% 10/03/20220.2%
BPCE SA3.116% 10/19/20320.2%
Viterra Finance BV4.900% 04/21/20270.2%
Cigna Corp2.400% 03/15/20300.2%
Constellation Energy Generation LLC6.250% 10/01/20390.2%
FMG Resources August 2006 Pty Ltd5.875% 04/15/20300.2%
Endeavor Energy Resources LP / EER Finance Inc5.750% 01/30/20280.2%
Cellnex Finance Co SA3.875% 07/07/20410.2%
BX Commercial Mortgage Trust 2019-XL4.818% 10/15/20360.2%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.2%
T-Mobile USA Inc3.875% 04/15/20300.2%
Citigroup Commercial Mortgage Trust 2016-P35.051% 04/15/20490.2%
Nabors Industries Ltd7.250% 01/15/20260.2%
Avolon Holdings Funding Ltd3.950% 07/01/20240.2%
FirstEnergy Transmission LLC4.550% 04/01/20490.2%
Drive Chassis Holdco LLC9.178% 04/10/20260.2%
Glencore Finance Canada Ltd5.550% 10/25/20420.2%
NatWest Group PLC3.032% 11/28/20350.2%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.2%
Gulfport Energy Corp8.000% 05/17/20260.2%
Octagon Loan Funding Ltd4.141% 11/18/20310.2%
Advanced Micro Devices Inc3.924% 06/01/20320.2%
NOV Inc3.600% 12/01/20290.2%
Diamondback Energy Inc3.500% 12/01/20290.2%
Oaktree CLO 2019-4 Ltd4.960% 10/20/20320.2%
Marble Point CLO XVII Ltd4.010% 04/20/20330.2%
CIFC Funding 2019-II Ltd4.240% 04/17/20340.2%
GS Mortgage Securities Corp Trust 2021-ROSS7.468% 05/15/20260.2%
Morgan Stanley2.239% 07/21/20320.2%
Alfa Desarrollo SpA4.550% 09/27/20510.2%
Morgan Stanley5.297% 04/20/20370.2%
AES Corp/The2.450% 01/15/20310.2%
EPR Properties3.750% 08/15/20290.2%
FedEx Corp4.250% 05/15/20300.2%
PFP 2019-6 Ltd4.883% 04/14/20370.2%
Avolon Holdings Funding Ltd5.250% 05/15/20240.2%
Eastern Gas Transmission & Storage Inc4.600% 12/15/20440.2%
Ovintiv Inc6.625% 08/15/20370.2%
Mariner Finance Issuance Trust 2021-A5.400% 03/20/20360.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc4.700% 02/01/20360.2%
Morgan Stanley5.000% 11/24/20250.2%
CF Industries Inc5.150% 03/15/20340.2%
Hertz Vehicle Financing LLC3.980% 12/26/20250.2%
Toll Brothers Finance Corp4.875% 03/15/20270.2%
Bank of New York Mellon Corp/The4.596% 07/26/20300.2%
Selective Insurance Group Inc5.375% 03/01/20490.2%
Duke Energy Corp4.500% 08/15/20320.2%
Barings CLO Ltd 2019-III4.310% 04/20/20310.2%
Viterra Finance BV2.000% 04/21/20260.2%
Freddie Mac STACR REMIC Trust 2021-DNA74.081% 11/25/20410.2%
CF Industries Inc5.375% 03/15/20440.2%
UnitedHealth Group Inc4.200% 05/15/20320.2%
AMMC CLO 23 Ltd5.790% 10/17/20310.2%
Global Atlantic Fin Co4.700% 10/15/20510.2%
Lendmark Funding Trust 2021-24.460% 04/20/20320.2%
Mountain View CLO 2017-1 LLC3.830% 10/16/20290.2%
Gilead Sciences Inc4.000% 09/01/20360.2%
Lending Funding Trust 2020-26.770% 04/21/20310.2%
Advanced Micro Devices Inc4.393% 06/01/20520.2%
CS Master Trust6.767% 04/15/20250.2%
Flagship Credit Auto Trust 2019-14.080% 02/18/20250.2%
Take-Two Interactive Software Inc4.000% 04/14/20320.2%
Invitation Homes Operating Partnership LP4.042% 01/31/20250.2%
Voya CLO 2018-4 Ltd3.552% 01/15/20320.2%
Goldman Sachs Group Inc/The2.383% 07/21/20320.2%
Westlake Automobile Receivables Trust 2021-13.910% 09/15/20270.2%
BX Commercial Mortgage Trust 2019-IMC4.968% 04/15/20340.2%
Imperial Brands Finance PLC6.125% 07/27/20270.2%
BBCMS 2019-BWAY Mortgage Trust4.428% 11/15/20340.1%
Continental Finance Credit Card ABS Master Trust3.660% 12/15/20280.1%
Toll Brothers Finance Corp3.800% 11/01/20290.1%
Carlyle Global Market Strategies CLO 2015-5 Ltd5.010% 01/20/20320.1%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.1%
Fannie Mae Connecticut Avenue Securities4.281% 11/25/20410.1%
Aviation Capital Group LLC3.500% 11/01/20270.1%
SPX FLOW Inc8.750% 04/01/20300.1%
Marble Point CLO XVII Ltd6.460% 04/20/20330.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.1%
Wells Fargo Commercial Mortgage Trust 2015-SG14.602% 09/15/20480.1%
Dell International LLC / EMC Corp3.375% 12/15/20410.1%
Ping Identity Corp6.884% 11/22/20280.1%
Westpac Banking Corp4.322% 11/23/20310.1%
Topaz Solar Farms LLC5.750% 09/30/20390.1%
Santander Consumer Auto Receivables Trust 2021-A5.790% 08/15/20280.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Consumers Energy Co4.200% 09/01/20520.1%
First American Financial Corp2.400% 08/15/20310.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
PDC Energy Inc5.750% 05/15/20260.1%
Macquarie Group Ltd2.691% 06/23/20320.1%
American Airlines Group Inc3.750% 03/01/20250.1%
Perimeter Master Note Business Trust4.230% 05/15/20240.1%
HPLY Trust 2019-HIT3.818% 11/15/20360.1%
COMM 2015-PC1 Mortgage Trust4.434% 07/10/20500.1%
National Australia Bank Ltd2.990% 05/21/20310.1%
Midcap Financial Issuer Trust6.500% 05/01/20280.1%
Bombardier Inc6.000% 02/15/20280.1%
Duquesne Light Holdings Inc6.250% 08/15/20350.1%
Laredo Petroleum Inc7.750% 07/31/20290.1%
Huntington Bancshares Inc/OH2.487% 08/15/20360.1%
UniCredit SpA5.459% 06/30/20350.1%
CS Master Trust6.995% 04/15/20230.1%
Newark BSL CLO 2 Ltd4.533% 07/25/20300.1%
Mariner Finance Issuance Trust 2021-B4.680% 11/20/20360.1%
Assurant Inc2.650% 01/15/20320.1%
Western Alliance Bancorp3.000% 06/15/20310.1%
California Resources Corp7.125% 02/01/20260.1%
Logan Group Co Ltd4.500% 01/13/20280.1%
JFIN CLO 2013 Ltd4.100% 01/20/20300.1%
Metropolitan Edison Co4.000% 04/15/20250.1%
SEB Funding LLC4.969% 01/30/20520.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Signal Peak CLO 2 LLC5.560% 04/20/20290.1%
Synchrony Credit Card Master Note Trust2.820% 10/15/20250.1%
Macquarie Bank Ltd4.875% 06/10/20250.1%
Leidos Inc4.375% 05/15/20300.1%
Great Wolf Trust 2019-WOLF5.550% 12/15/20360.1%
Benefit Street Partners Clo XII Ltd5.562% 10/15/20300.1%
CoStar Group Inc2.800% 07/15/20300.1%
JPMBB Commercial Mortgage Securities Trust 2015-C304.373% 07/15/20480.1%
Sunac China Holdings Ltd7.000% 07/09/20250.1%
Intesa Sanpaolo SpA4.198% 06/01/20320.1%
ELEMENT MAT TEC GR US HLD INC0.000% 06/07/20290.1%
Morgan Stanley4.431% 01/23/20300.1%
Leidos Holdings Inc5.950% 12/01/20400.0%
Canacol Energy Ltd5.750% 11/24/20280.0%
RESORTS WORLD LAS VEGAS LLC4.620% 04/16/20240.0%
Galaxy XXI CLO Ltd3.730% 04/20/20310.0%
Elevation CLO 2014-2 Ltd5.712% 10/15/20290.0%
Sri Lanka Government International Bond5.875% 07/25/20220.0%
Wells Fargo Commercial Mortgage Trust 2013-LC124.432% 07/15/20460.0%
FX USD/CAD 10/220.000% 10/20/20220.0%
SM Energy Co6.625% 01/15/20270.0%
VMC Finance 2019-FL3 LLC3.918% 09/15/20360.0%
GS Mortgage Securities Trust 2015-GS10.327% 11/10/20480.0%
Merrill Lynch Mortgage Investors Trust Series 2006-AF26.250% 10/25/20360.0%
GS Mortgage Securities Trust 2013-GCJ120.656% 06/10/20460.0%
GS Mortgage Securities Trust 2013-GCJ121.514% 06/10/20460.0%
Government National Mortgage Association0.350% 07/16/20540.0%
Alloy Finco Ltd0.500% 03/06/20250.0%
Hudsons Bay Simon JV Trust 2015-HBS0.665% 08/05/20340.0%
Hudsons Bay Simon JV Trust 2015-HBS0.723% 08/05/20340.0%
OGX Austria GmbH8.500% 06/01/20180.0%
ELEMNT MAT TECH GRP US HOL INC0.000% 06/22/20290.0%
LAC0.010% 12/31/20500.0%
LAC0.010% 12/31/20500.0%
US LONG BOND(CBT) Dec220.000% 12/30/20220.0%
US 2YR NOTE (CBT) Dec220.000% 01/05/2023-0.2%
US 5YR NOTE (CBT) Dec220.000% 01/05/2023-0.4%
US ULTRA BOND CBT Dec220.000% 12/30/2022-0.6%

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.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 01/26/2023
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2022 $0.00926 $2.38
Daily Daily 11/30/2022 $0.00907 $2.40
Daily Daily 10/31/2022 $0.00897 $2.31
Daily Daily 09/30/2022 $0.00900 $2.34
Daily Daily 08/31/2022 $0.00936 $2.48
Daily Daily 07/31/2022 $0.00884 $2.56
Daily Daily 06/30/2022 $0.00821 $2.49
Daily Daily 05/31/2022 $0.00782 $2.58
Daily Daily 04/30/2022 $0.00760 $2.60
Daily Daily 03/31/2022 $0.00760 $2.72
Daily Daily 02/28/2022 $0.00737 $2.80
Daily Daily 01/31/2022 $0.00699 $2.86

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2023
Daily Daily 02/28/2023
Daily Daily 03/31/2023
Daily Daily 04/30/2023
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

For
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 01/26/2023

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $2.53
$100,000 to $249,999 1.75% 1.50% $2.51
$250,000 to $499,999 1.25% 1.00% $2.50
$500,000 to $999,999 0.00% 1.00% $2.47
$1,000,000 to $5,000,000 0.00% 1.00% $2.47

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

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
n/a
Portfolio Holdings 1Q
Publish Date:11/03/2015
n/a
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Fund Story
Publish Date:11/03/2015
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
 Quantity
Quantity
 Remove
Remove

*"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.

+

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.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

5

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

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 will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. 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. The Fund may also invest in convertible securities and senior loans, which are subject to increased credit and liquidity risks. These factors can affect Fund performance.

 

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.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

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 Fund changed its investment strategy on 01/01/1982. Performance is calculated from this date. In addition, the Fund amended it s strategy on December 14, 2007. The historical performance shown of the Fund prior to December 14, 2007, reflects periods when the Fund pursued its previous investment strategy. The change in investment approach may affect the Fund’s performance in the future.

 

The Bloomberg U.S. Credit Bond Index is the U.S. Credit component of the U.S. Government/Credit index. The index includes publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered. The index includes both corporate and non-corporate sectors. The corporate sectors are Industrial, Utility, and Finance, which include both U.S. and non-U.S. corporations. The non-corporate sectors are Sovereign, Supranational, Foreign Agency, and Foreign Local Government. All returns are market value-weighted inclusive of accrued interest.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

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.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field