LIFAX | Inflation Focused Fund Class A | 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 swaps with a portfolio of short duration credit. 
 

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

By utilizing short duration credit, the strategy generates the highest income stream in the Morningstar category with one-third the duration of the average TIPS-based portfolio.

TRUE INFLATION PROTECTION

By using inflation swaps to hedge exposure to investor expectations of future inflation, the strategy isolates inflation risk with much less nominal interest rate exposure than the Morningstar category.  As such, the strategy is designed to do well when inflation expectation increase.

 

Yield

Dividend Yield 1 as of 10/27/2021  

w/o sales charge 1.92%
w/ sales charge 1.88%

30-Day Standardized Yield 2 as of 09/30/2021  

0.60%

Expense Ratioas of 09/30/2021

Fund Basicsas of 09/30/2021

Total Net Assets
$2.85 B
Inception Date
04/29/2011
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
1331
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 8.35% 14.80% 5.19% 4.61% 2.59% 1.93%
Lipper Category Avg. Inflation Protected Bond Funds 3.58% 5.79% 6.44% 3.84% 2.52% -
w/ sales charge 5.89% 12.17% 4.40% 4.14% 2.36% 1.70%

Fund Expense Ratio :

0.70%

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 8.35% 14.80% 5.19% 4.61% 2.59% 1.93%
Lipper Category Avg. Inflation Protected Bond Funds 3.58% 5.79% 6.44% 3.84% 2.52% -
w/ sales charge 5.89% 12.17% 4.40% 4.14% 2.36% 1.70%

Fund Expense Ratio :

0.70%

Type Assets
Investment Grade Corporate
CMBS
U.S. Government Related
High Yield Corporate
ABS
Bank Loans
CLO
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 09/30/2021 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

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 62 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 10/27/2021  

w/o sales charge 1.92%
w/ sales charge 1.88%

30-Day Standardized Yield 2 as of 09/30/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.60% 0.60%

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 8.35% 14.80% 5.19% 4.61% 2.59% 1.93%
Lipper Category Avg. Inflation Protected Bond Funds 3.58% 5.79% 6.44% 3.84% 2.52% -
w/ sales charge 5.89% 12.17% 4.40% 4.14% 2.36% 1.70%

Fund Expense Ratio :

0.70%

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 8.35% 14.80% 5.19% 4.61% 2.59% 1.93%
Lipper Category Avg. Inflation Protected Bond Funds 3.58% 5.79% 6.44% 3.84% 2.52% -
w/ sales charge 5.89% 12.17% 4.40% 4.14% 2.36% 1.70%

Fund Expense Ratio :

0.70%

Year Fund Returns
2020 5.93%
2019 4.86%
2018 -1.28%
2017 1.33%
2016 4.96%
2015 -2.22%
2014 -5.20%
2013 -1.76%
2012 9.87%
2011 -3.48%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 4.26% 1.62% 2.27% - 10.77%
2020 -14.80% 10.55% 6.13% 5.96% 5.93%
2019 2.60% 0.41% -1.37% 3.19% 4.86%
2018 0.40% 0.95% 0.71% -3.28% -1.28%
2017 0.73% -1.53% 1.13% 1.01% 1.33%
2016 -0.90% -0.65% 2.45% 4.05% 4.96%
2015 -0.17% 1.72% -4.68% 1.03% -2.22%
2014 0.02% 2.20% -2.74% -4.66% -5.20%
2013 0.51% -3.67% 1.32% 0.15% -1.76%
2012 5.40% -0.99% 3.16% 2.05% 9.87%
2011 - - -5.92% 2.13% -3.48%

Growth of $10,000 as of 07/31/2021

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
CMBS
U.S. Government Related
High Yield Corporate
ABS
Bank Loans
CLO
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 09/30/2021

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

Portfolio Positioning as of 6/30/2021

  • Over the quarter, we added risk exposure to the portfolio’s bank loan and collateralized loan obligation (CLO) allocations. A reflationary environment, rising rates, and strong flows into each asset class all are strong tailwinds for bank loans and CLOs. Specifically, we found attractive relative value in investment grade bank loans versus investment grade corporate bonds and found attractive risk-adjusted carry in high quality CLOs.
  • We continued to decrease the portfolio’s allocation to investment grade corporate bonds as we believe valuations on specific issues are full.

Portfolio Details as of 09/30/2021

Total Net Assets
$2.85 B
Number of Issues
1331
Average Coupon
2.61%
Average Life
2.23 Years
Average Maturity
2.25 Years
Average Effective Duration
1.77 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 10/27/2021
$0.233
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 09/30/2021 $0.02022 $12.36
Daily Daily 08/31/2021 $0.02267 $12.29
Daily Daily 07/31/2021 $0.02194 $12.28
Daily Daily 06/30/2021 $0.02336 $12.15
Daily Daily 05/31/2021 $0.02329 $12.20
Daily Daily 04/30/2021 $0.02792 $12.13
Daily Daily 03/31/2021 $0.02993 $12.03
Daily Daily 02/28/2021 $0.03384 $11.86
Daily Daily 01/31/2021 $0.03027 $11.84

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 10/27/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $12.91
$100,000 to $249,999 1.75% 1.50% $12.84
$250,000 to $499,999 1.25% 1.00% $12.78
$500,000 to $999,999 0.00% 1.00% $12.62
$1,000,000 to $5,000,000 0.00% 1.00% $12.62

Expense Ratioas of 09/30/2021

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