LIFRX | Inflation Focused Fund Class R3 | Lord Abbett
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Inflation Focused Fund

Summary

Summary

What is the Inflation Focused Fund?

The Fund seeks to deliver total returns that exceed the rate of inflation in the U.S. over a full inflation cycle and current income by combining investments in inflation-linked derivatives with a portfolio of fixed income securities.
 

EXPERIENCED INVESTMENT TEAM

The strategy is managed through a collaboration among 40+ investment professionals in portfolio management, credit research, and trading.

HIGHER INCOME POTENTIAL WITH LOWER DURATION

The strategy has provided the highest income stream in the Morningstar category and offers inflation protection with one-third the duration of the average TIPS-based portfolio.

TRUE INFLATION PROTECTION

The Fund has historically demonstrated negative correlation with Treasuries, providing diversification benefits to clients' portfolios.

 

Yield

Dividend Yield 1 as of 04/22/2021  

w/o sales charge 2.73%

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

0.78%

Fund Basicsas of 03/31/2021

Total Net Assets
$1.20 B
Inception Date
04/29/2011
Dividend Frequency
Monthly
Fund Expense Ratio
1.00%
Number of Holdings
1159

Fund Expense Ratio :

1.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 4.11% 29.14% 4.09% 3.87% - 1.37%
Lipper Category Avg. Inflation Protected Bond Funds -0.62% 10.08% 4.95% 3.48% - -

Fund Expense Ratio :

1.00%

Fund Expense Ratio :

1.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 4.11% 29.14% 4.09% 3.87% - 1.37%
Lipper Category Avg. Inflation Protected Bond Funds -0.62% 10.08% 4.95% 3.48% - -

Fund Expense Ratio :

1.00%

Type Assets
Investment Grade Corporate
ABS
CMBS
High Yield Corporate
U.S. Government Related
Bank Loans
MBS
Sovereign
Other
Cash
Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
Greater than 10 years

Credit Quality Distribution as of 03/31/2021 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

INVESTMENT TEAM

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Hyun Lee
Hyun Lee, CFA

Portfolio Manager

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

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

Partner & Portfolio Manager

19 Years of Industry Experience

Supported By 63 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 04/22/2021  

w/o sales charge 2.73%

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

  Subsidized5 Un-Subsidized6
w/o sales charge 0.78% 0.78%

Fund Expense Ratio :

1.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 4.11% 29.14% 4.09% 3.87% - 1.37%
Lipper Category Avg. Inflation Protected Bond Funds -0.62% 10.08% 4.95% 3.48% - -

Fund Expense Ratio :

1.00%

Fund Expense Ratio :

1.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 4.11% 29.14% 4.09% 3.87% - 1.37%
Lipper Category Avg. Inflation Protected Bond Funds -0.62% 10.08% 4.95% 3.48% - -

Fund Expense Ratio :

1.00%

Year Fund Returns
2020 5.52%
2019 4.63%
2018 -1.56%
2017 1.03%
2016 4.74%
2015 -2.51%
2014 -5.54%
2013 -1.97%
2012 9.79%
2011 -3.56%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 4.11% - - - 4.45%
2020 -14.93% 10.47% 6.06% 5.88% 5.52%
2019 2.61% 0.25% -1.44% 3.21% 4.63%
2018 0.33% 0.88% 0.63% -3.36% -1.56%
2017 0.66% -1.68% 1.14% 0.94% 1.03%
2016 -0.97% -0.64% 2.38% 3.98% 4.74%
2015 -0.25% 1.64% -4.68% 0.87% -2.51%
2014 -0.12% 2.21% -2.88% -4.73% -5.54%
2013 0.50% -3.81% 1.25% 0.14% -1.97%
2012 5.47% -0.93% 3.02% 1.99% 9.79%
2011 - - -6.03% 2.18% -3.56%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
ABS
CMBS
High Yield Corporate
U.S. Government Related
Bank Loans
MBS
Sovereign
Other
Cash
Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
Greater than 10 years

Credit Quality Distribution as of 03/31/2021

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Portfolio Positioning as of 12/31/2020

  • This strategy combines a short-term bond portfolio with an overlay of CPI swaps in order to hedge against inflation over a full market cycle.
  • Over the quarter, we modestly increased the Fund’s allocation to sovereign debt, as the asset class has significantly lagged domestic credit. In addition, we slightly increased the Fund’s position within bank loans.
  • We decreased the Fund’s allocation within investment grade corporate debt while taking gains on specific issues which had achieved significant spread tightening over the quarter. In addition, despite slightly decreasing the Fund’s market weight in short-term high yield bonds over the quarter, we modestly increased the allocation on a risk-basis and continue to be constructive on the asset class, favoring yield-to-call paper.
  • We are investing in the essential and nonessential industries that are benefitting from a continued reopening of the economy. The magnitude and scale of this global pandemic has accelerated some secular shifts which are likely to remain even with access of the vaccine. The Fund’s positioning currently reflects this view as we are investing in companies and industries that we believe are better poised to adapt to and benefit from these structural economic changes.

Portfolio Details as of 03/31/2021

Total Net Assets
$1.20 B
Number of Issues
1159
Average Coupon
3.08%
Average Life
2.35 Years
Average Maturity
2.35 Years
Average Effective Duration
1.79 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 04/22/2021
$0.086
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 03/31/2021 $0.02738 $12.02
Daily Daily 02/28/2021 $0.03157 $11.85
Daily Daily 01/31/2021 $0.02759 $11.85

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 04/30/2021
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 03/31/2021

1.00%

Fund Documents

Fund Documents

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