Investment Grade Floating Rate Fund
Daily price w/o sales charge as of 02/18/2025
$10.28
$0.00
YTD Returns w/o sales charge as of 02/18/2025
1.00%
Summary
Summary
Yield
Average Yield to Maturity as of 01/31/2025 |
6.09% |
Subsidized2 | Un-Subsidized3 | |
---|---|---|
w/o sales charge | 5.75% | 5.72% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.
Fund Basicsas of 01/31/2025
- Total Net Assets
- $917.03 M
- Inception Date
- 05/01/2023*
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 1.50%
- Fund Net Expense Ratio
- 0.55%
- Number of Holdings
- 411
- Minimum Initial Investment
- $1,500+
Fund Expense Ratio :
Gross 1.50%
Net 0.55%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/04/2023 |
---|
w/o sales charge | 0.70% | 8.03% | - | - | - | 8.71% |
Lipper Category Avg. Loan Participation Funds | 0.64% | 8.22% | - | - | - | - |
w/ sales charge | -1.60% | 5.64% | - | - | - | 7.30% |
Fund Expense Ratio :
Gross 1.50%
Net 0.55%
Fund Expense Ratio :
Gross 1.50%
Net 0.55%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/04/2023 |
---|
w/o sales charge | 8.28% | 8.28% | - | - | - | 8.72% |
Lipper Category Avg. Loan Participation Funds | 8.21% | 8.21% | - | - | - | - |
w/ sales charge | 5.88% | 5.88% | - | - | - | 7.24% |
Fund Expense Ratio :
Gross 1.50%
Net 0.55%
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.
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Performance
Performance
Fund Expense Ratio :
Gross 1.50%
Net 0.55%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/04/2023 |
---|
w/o sales charge | 0.70% | 8.03% | - | - | - | 8.71% |
Lipper Category Avg. Loan Participation Funds | 0.64% | 8.22% | - | - | - | - |
w/ sales charge | -1.60% | 5.64% | - | - | - | 7.30% |
Fund Expense Ratio :
Gross 1.50%
Net 0.55%
Fund Expense Ratio :
Gross 1.50%
Net 0.55%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/04/2023 |
---|
w/o sales charge | 8.28% | 8.28% | - | - | - | 8.72% |
Lipper Category Avg. Loan Participation Funds | 8.21% | 8.21% | - | - | - | - |
w/ sales charge | 5.88% | 5.88% | - | - | - | 7.24% |
Fund Expense Ratio :
Gross 1.50%
Net 0.55%
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.
Portfolio
Portfolio
Type | Assets |
---|---|
CLO | |
ABS | |
Investment Grade Bonds | |
MBS Other | |
Bank Loans | |
High Yield Bonds | |
Sovereign | |
Other | |
Cash |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
Rating | Assets |
---|---|
12-12.99 yrs | |
11-11.99 yrs | |
3-3.99 yrs | |
4-4.99 yrs | |
2-2.99 yrs | |
13-13.99 yrs | |
19-19.99 yrs | |
6-6.99 yrs | |
14-14.99 yrs | |
7-7.99 yrs | |
10-10.99 yrs | |
9-9.99 yrs | |
5-5.99 yrs | |
1-1.99 yrs | |
16-16.99 yrs | |
20-20.99 yrs | |
8-8.99 yrs | |
26-26.99 yrs | |
27-27.99 yrs | |
18-18.99 yrs | |
29-29.99 yrs | |
0-0.99 yrs |
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 01/31/2025
Rating | Assets |
---|---|
U.S. Treasury | |
Agency | |
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. 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 are not rated. The credit quality distribution breakdown is not an S&P credit rating or an opinion of S&P as to the credit worthiness of the portfolio.
PORTFOLIO DETAILS as of 01/31/2025
- Total Net Assets
- $917.03 M
- Average Effective Duration
- 0.45 Years
- Average Life
- 3.91 Years
- Number of Issues
- 411
- Average Yield to Maturity
- 6.09%
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 (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.
Holding | Coupon | Maturity | Assets |
---|
United States Treasury Floating Rate Note | 4.338% | 01/31/2027 | 2.6% |
Freddie Mac STACR REMIC Trust 2024-HQA2 | 5.601% | 08/25/2044 | 1.4% |
KKR CLO 35 LTD | 5.502% | 01/20/2038 | 1.3% |
OCP CLO 2015-9 Ltd | 5.402% | 01/15/2037 | 1.0% |
Park Blue CLO 2022-1 Ltd | 5.713% | 10/20/2037 | 1.0% |
Venture 48 CLO Ltd | 7.043% | 10/20/2036 | 1.0% |
PARALLEL 2021-1 LTD | 5.952% | 07/15/2034 | 1.0% |
Birch Grove CLO 3 Ltd | 5.562% | 01/19/2038 | 1.0% |
Regatta XX Funding Ltd | 1.000% | 01/15/2038 | 1.0% |
Park Blue CLO 2022-II Ltd | 5.713% | 07/20/2037 | 1.0% |
Holding | Coupon | Maturity | Assets |
---|
United States Treasury Floating Rate Note | 4.481% | 10/31/2026 | 7.9% |
TORONTO DOMINION BANK THE | 4.150% | 01/02/2025 | 2.2% |
New Mountain CLO 2 Ltd | 5.719% | 01/15/2038 | 1.5% |
Federal Farm Credit Banks Funding Corp | 4.565% | 05/03/2027 | 1.5% |
Park Blue CLO 2022-1 Ltd | 6.037% | 10/20/2037 | 1.3% |
CARLYLE US CLO 2022-2 LTD | 5.922% | 01/20/2038 | 1.2% |
Benefit Street Partners CLO XXVIII Ltd | 5.912% | 10/20/2037 | 1.2% |
Cedar Funding IV CLO Ltd | 5.645% | 01/23/2038 | 1.1% |
Park Blue CLO 2024-VI Ltd | 5.645% | 01/25/2038 | 1.0% |
Federal Farm Credit Banks Funding Corp | 4.490% | 09/14/2026 | 1.0% |
AMMC CLO 23 Ltd | 6.697% | 04/17/2035 | 1.0% |
NatWest Markets PLC | 5.622% | 05/17/2029 | 1.0% |
Benefit Street Partners CLO XXXVIII Ltd | 5.623% | 01/25/2038 | 1.0% |
Crown City CLO V | 6.217% | 04/20/2037 | 1.0% |
ICG US CLO 2024-1 Ltd | 6.256% | 04/15/2037 | 0.9% |
CARLYLE US CLO 2019-3 LTD | 6.667% | 04/20/2037 | 0.9% |
CIFC Funding 2018-II Ltd | 6.021% | 10/20/2037 | 0.9% |
Ford Motor Credit Co LLC | 5.980% | 11/05/2026 | 0.9% |
Lloyds Banking Group PLC | 5.530% | 11/26/2028 | 0.9% |
OHA Credit Funding 3 LTD | 5.831% | 01/20/2038 | 0.9% |
AIMCO CLO Series 2018-A | 5.825% | 10/17/2037 | 0.9% |
Regatta 30 Funding Ltd | 5.633% | 01/25/2038 | 0.9% |
Ares LVI CLO Ltd | 6.005% | 01/25/2038 | 0.9% |
Silver Point CLO 7 LTD | 5.665% | 01/15/2038 | 0.9% |
Cedar Funding XIX CLO Ltd | 5.635% | 01/23/2038 | 0.9% |
Freddie Mac STACR REMIC Trust 2024-DNA2 | 5.819% | 05/25/2044 | 0.9% |
Birch Grove CLO Ltd | 6.237% | 07/17/2037 | 0.8% |
Ares XXVII CLO Ltd | 6.203% | 10/28/2034 | 0.8% |
RR 8 Ltd | 6.356% | 07/15/2037 | 0.8% |
Sycamore Tree CLO 2023-3 Ltd | 6.767% | 04/20/2037 | 0.8% |
Bain Capital Credit CLO 2021-3 Ltd | 5.855% | 07/24/2034 | 0.8% |
Generate CLO 4 Ltd | 6.047% | 07/20/2037 | 0.8% |
Regatta XXII Funding Ltd | 6.317% | 07/20/2035 | 0.8% |
Elmwood CLO II Ltd | 6.557% | 10/20/2037 | 0.8% |
RR 36 LTD | 6.205% | 01/15/2040 | 0.8% |
Warwick Capital CLO 1 Ltd | 10.217% | 10/20/2036 | 0.8% |
1988 CLO 3 Ltd | 7.906% | 10/15/2038 | 0.7% |
Park Blue CLO 2023-IV Ltd | 7.326% | 01/25/2037 | 0.7% |
CIFC Funding 2024-III Ltd | 6.097% | 07/21/2037 | 0.7% |
Toronto-Dominion Bank/The | 5.441% | 12/17/2029 | 0.7% |
KKR CLO 54 LTD | 5.641% | 01/15/2038 | 0.7% |
Benefit Street Partners CLO XVI Ltd | 6.022% | 01/17/2038 | 0.7% |
RR 35 LTD | 6.005% | 01/15/2040 | 0.7% |
Silver Point CLO 1 Ltd | 5.625% | 01/20/2038 | 0.7% |
RAD CLO 27 Ltd | 6.205% | 01/20/2038 | 0.7% |
Avolon TLB Borrower 1 US LLC | 6.083% | 06/24/2030 | 0.7% |
Park Blue CLO 2022-II Ltd | 6.037% | 07/20/2037 | 0.7% |
RAD CLO 28 Ltd | 7.105% | 04/20/2038 | 0.7% |
Rad CLO 22 Ltd | 6.447% | 01/20/2037 | 0.6% |
Sandstone Peak III Ltd | 6.256% | 04/25/2037 | 0.6% |
720 East CLO 2022-I Ltd | 5.684% | 01/20/2038 | 0.6% |
Ares XLIII CLO Ltd | 7.445% | 01/15/2038 | 0.6% |
Wellington Management Clo 2 Ltd | 6.167% | 04/20/2037 | 0.6% |
Mountain View CLO 2016-1 LLC | 6.997% | 04/14/2033 | 0.6% |
Freddie Mac STACR REMIC Trust 2024-HQA2 | 5.819% | 08/25/2044 | 0.6% |
ICG US CLO 2023-1 I Ltd | 10.462% | 07/18/2036 | 0.6% |
Freddie Mac STACR REMIC Trust 2024-HQA1 | 5.819% | 03/25/2044 | 0.6% |
Rad Clo 25 Ltd | 7.121% | 07/20/2037 | 0.6% |
Sycamore Tree CLO 2023-2 Ltd | 6.967% | 01/20/2037 | 0.6% |
Captree Park CLO Ltd | 6.517% | 07/20/2037 | 0.6% |
Madison Park Funding LXVII Ltd | 6.331% | 04/25/2037 | 0.6% |
Columbia Cent CLO 34 Ltd | 7.739% | 01/25/2038 | 0.5% |
Warwick Capital CLO 5 Ltd | 5.915% | 01/20/2038 | 0.5% |
Bryant Park Funding 2024-25 Ltd | 5.915% | 01/18/2038 | 0.5% |
TCO Commercial Mortgage Trust 2024-DPM | 5.743% | 12/15/2039 | 0.5% |
Connecticut Avenue Securities Trust 2024-R05 | 5.569% | 07/25/2044 | 0.5% |
Great Wolf Trust 2024-WOLF | 5.939% | 03/15/2039 | 0.5% |
Onemain Financial Issuance Trust 2024-1 | 5.790% | 05/14/2041 | 0.5% |
Hyundai Capital America | 5.436% | 06/24/2027 | 0.5% |
Rockford Tower CLO 2024-1 Ltd | 12.097% | 04/20/2037 | 0.5% |
Benefit Street Partners Clo XXXIII Ltd | 8.876% | 01/25/2036 | 0.5% |
SBNA Auto Receivables Trust 2024-A | 5.590% | 01/15/2030 | 0.5% |
Capital One Multi-Asset Execution Trust | 5.468% | 05/15/2028 | 0.5% |
Sycamore Tree CLO 2023-2 Ltd | 12.297% | 01/20/2037 | 0.5% |
General Motors Financial Co Inc | 5.687% | 07/15/2027 | 0.5% |
Magnetite Xlii Ltd | 5.621% | 01/25/2038 | 0.5% |
Generate CLO 20 Ltd | 6.255% | 01/25/2038 | 0.5% |
CPS Auto Receivables Trust 2022-A | 4.880% | 04/16/2029 | 0.4% |
Ally Bank Auto Credit-Linked Notes Series 2024-A | 7.917% | 05/17/2032 | 0.4% |
Sycamore Tree CLO 2023-3 Ltd | 8.867% | 04/20/2037 | 0.4% |
Affirm Asset Securitization Trust 2023-A | 9.090% | 01/18/2028 | 0.4% |
ICG US CLO 2024-R1 Ltd | 8.204% | 01/25/2038 | 0.4% |
Rockford Tower CLO 2021-3 Ltd | 6.642% | 01/15/2038 | 0.4% |
Broadcom Inc | 5.731% | 11/22/2028 | 0.4% |
Mariner Finance Issuance Trust 2024-A | 9.020% | 09/22/2036 | 0.4% |
VStrong Auto Receivables Trust 2023-A | 9.310% | 02/15/2030 | 0.4% |
Crockett Partners Equipment Co IIA LLC | 6.050% | 01/20/2031 | 0.4% |
Santander Bank Auto Credit-Linked Notes Series 2022-C | 14.592% | 12/15/2032 | 0.4% |
Exeter Automobile Receivables Trust 2023-3 | 9.980% | 01/15/2031 | 0.4% |
Santander Bank Auto Credit-Linked Notes Series 2022-B | 14.552% | 08/16/2032 | 0.4% |
Neuberger Berman Loan Advisers CLO 28 Ltd | 11.928% | 10/20/2038 | 0.4% |
Merchants Fleet Funding LLC | 5.820% | 04/20/2037 | 0.4% |
1988 CLO 4 Ltd | 8.906% | 04/15/2037 | 0.4% |
OWN Equipment Fund I LLC | 5.700% | 12/20/2032 | 0.4% |
KKR CLO 51 Ltd | 6.412% | 10/20/2037 | 0.4% |
CIFC Funding 2022-VI Ltd | 6.360% | 10/16/2038 | 0.4% |
CIFC Funding 2017-V Ltd | 6.347% | 07/17/2037 | 0.4% |
GRACIE POINT INTERNATIONAL FUNDING 2023-1 | 7.531% | 09/01/2026 | 0.4% |
BX Trust 2021-ARIA | 5.411% | 10/15/2036 | 0.4% |
ABN AMRO Bank NV | 5.449% | 12/03/2028 | 0.4% |
Sycamore Tree CLO 2021-1 Ltd | 5.901% | 01/20/2038 | 0.4% |
720 East CLO 2022-I Ltd | 10.254% | 01/20/2038 | 0.4% |
Benefit Street Partners Clo XXXVII Ltd | 5.698% | 01/25/2038 | 0.4% |
JPMorgan Chase & Co | 5.536% | 07/22/2028 | 0.4% |
GIH Borrower LLC | 6.839% | 11/26/2031 | 0.3% |
Swedbank AB | 5.502% | 11/20/2029 | 0.3% |
ONE 2021-PARK Mortgage Trust | 5.211% | 03/15/2036 | 0.3% |
Invesco CLO 2022-3 Ltd | 6.002% | 10/22/2037 | 0.3% |
Glencore Funding LLC | 5.746% | 04/04/2027 | 0.3% |
Generate CLO 20 Ltd | 9.655% | 01/25/2038 | 0.3% |
CONE Trust 2024-DFW1 | 6.039% | 08/15/2041 | 0.3% |
NYO Commercial Mortgage Trust 2021-1290 | 5.607% | 11/15/2038 | 0.3% |
Warwick Capital CLO 3 Ltd | 9.117% | 04/20/2037 | 0.3% |
Goldman Sachs Group Inc/The | 6.264% | 03/15/2028 | 0.3% |
Athene Global Funding | 5.487% | 08/27/2026 | 0.3% |
US Bank NA | 9.785% | 08/25/2032 | 0.3% |
MTN Commercial Mortgage Trust 2022-LPFL | 5.797% | 03/15/2039 | 0.3% |
NRTH 2024-PARK Mortgage Trust | 6.038% | 03/15/2039 | 0.3% |
Cherry Securitization Trust 2024-1 | 5.700% | 04/15/2032 | 0.3% |
Bank of Nova Scotia/The | 5.623% | 08/01/2029 | 0.3% |
Exeter Automobile Receivables Trust 2023-1 | 6.690% | 06/15/2029 | 0.3% |
Tricolor Auto Securitization Trust 2024-3 | 5.730% | 12/15/2028 | 0.3% |
Katayma CLO II Ltd | 9.117% | 04/20/2037 | 0.3% |
720 East CLO 2023-I Ltd | 10.506% | 04/15/2036 | 0.3% |
Benefit Street Partners CLO V-B Ltd | 6.147% | 07/20/2037 | 0.3% |
Trans Union LLC | 6.197% | 06/24/2031 | 0.3% |
ACRES Commercial Realty 2021-FL1 Ltd | 6.096% | 06/15/2036 | 0.3% |
Harmony-Peace Park CLO Ltd | 5.898% | 10/20/2037 | 0.3% |
Palmer Square CLO 2022-5 Ltd | 6.290% | 10/20/2037 | 0.3% |
Sixth Street CLO XV Ltd | 6.203% | 10/24/2037 | 0.3% |
Sixth Street CLO XXI Ltd | 6.012% | 10/21/2037 | 0.3% |
Cedar Funding XIV CLO Ltd | 6.032% | 10/15/2037 | 0.3% |
Exeter Automobile Receivables Trust 2023-3 | 6.680% | 04/16/2029 | 0.3% |
BLP Commercial Mortgage Trust 2024-IND2 | 5.739% | 03/15/2041 | 0.3% |
1988 CLO 1 Ltd | 6.523% | 10/15/2039 | 0.3% |
Freddie Mac STACR REMIC Trust 2023-HQA3 | 6.419% | 11/25/2043 | 0.3% |
Rad CLO 17 Ltd | 6.311% | 01/20/2038 | 0.3% |
Regatta XXI Funding Ltd | 6.317% | 10/15/2037 | 0.3% |
AGL CLO 35 Ltd | 5.852% | 01/21/2038 | 0.3% |
Madison Park Funding LXVI Ltd | 6.046% | 10/21/2037 | 0.3% |
Silver Point CLO 1 Ltd | 7.205% | 01/20/2038 | 0.3% |
Clover CLO 2018-1 LLC | 8.067% | 04/20/2037 | 0.3% |
DRW Holdings LLC | 8.255% | 06/26/2031 | 0.3% |
RAD CLO 27 Ltd | 5.625% | 01/20/2038 | 0.3% |
Mercury Financial Credit Card Master Trust | 6.560% | 07/20/2029 | 0.3% |
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT | 5.715% | 07/05/2033 | 0.3% |
Jane Street Group LLC | 6.444% | 12/15/2031 | 0.3% |
Hudson River Trading LLC | 7.333% | 03/18/2030 | 0.3% |
BX Commercial Mortgage Trust 2024-XL5 | 5.789% | 03/15/2041 | 0.2% |
Exeter Automobile Receivables Trust 2023-1 | 12.070% | 09/16/2030 | 0.2% |
Stream Innovations 2024-2 Issuer Trust | 5.210% | 02/15/2045 | 0.2% |
Trinitas CLO XXIV Ltd | 8.726% | 04/25/2037 | 0.2% |
Sandstone Peak Ltd | 6.486% | 10/15/2034 | 0.2% |
Danby Park CLO Ltd | 6.317% | 10/21/2037 | 0.2% |
KKR CLO 45a Ltd | 7.156% | 04/15/2035 | 0.2% |
KKR CLO 47 Ltd | 10.827% | 01/15/2038 | 0.2% |
KKR CLO 23 Ltd | 6.517% | 10/20/2031 | 0.2% |
OCP Clo 2019-17 Ltd | 6.367% | 07/20/2037 | 0.2% |
Battery Park CLO II Ltd | 6.967% | 10/20/2037 | 0.2% |
Benefit Street Partners CLO IX Ltd | 6.570% | 10/20/2037 | 0.2% |
Post CLO VI Ltd | 6.556% | 01/20/2038 | 0.2% |
SDR Commercial Mortgage Trust 2024-DSNY | 5.789% | 05/15/2039 | 0.2% |
Empower CLO 2023-2 Ltd | 10.056% | 07/15/2036 | 0.2% |
Barings Clo Ltd 2023-I | 9.817% | 04/20/2036 | 0.2% |
Madison Park Funding LVIII Ltd | 8.276% | 04/25/2037 | 0.2% |
Citigroup Inc | 5.332% | 08/25/2036 | 0.2% |
FRONTDOOR INC | 6.616% | 12/19/2031 | 0.2% |
Fairstone Financial Issuance Trust I | 6.873% | 10/20/2039 | 0.2% |
AMMC CLO 30 Ltd | 9.156% | 01/15/2037 | 0.2% |
Bayview Opportunity Master Fund VII 2024-CAR1 LLC | 6.619% | 12/26/2031 | 0.2% |
Dryden 115 CLO Ltd | 6.632% | 04/18/2037 | 0.2% |
Ballyrock CLO 21 Ltd | 7.767% | 10/20/2037 | 0.2% |
Benefit Street Partners CLO XIV Ltd | 7.836% | 10/20/2037 | 0.2% |
Empower CLO 2024-2 Ltd | 6.846% | 07/15/2037 | 0.2% |
Cifc Funding 2023-III Ltd | 8.867% | 01/20/2037 | 0.2% |
Huntington Bank Auto Credit-Linked Notes Series 2024-2 | 7.205% | 10/20/2032 | 0.2% |
Goldentree Loan Management US Clo 10 Ltd | 7.717% | 10/20/2037 | 0.2% |
Santander Bank Auto Credit-Linked Notes Series 2022-A | 9.965% | 05/15/2032 | 0.2% |
CPS Auto Receivables Trust 2023-C | 6.770% | 10/15/2029 | 0.2% |
Citibank NA | 5.192% | 11/19/2027 | 0.2% |
Carmax Auto Owner Trust 2023-2 | 6.550% | 10/15/2029 | 0.2% |
RR 5 Ltd | 6.156% | 07/15/2039 | 0.2% |
CIFC Funding 2024-IV Ltd | 6.000% | 10/16/2037 | 0.2% |
Trinitas CLO XXVIII LTD | 6.726% | 04/25/2037 | 0.2% |
OHA Credit Partners XIII Ltd | 6.567% | 10/21/2037 | 0.2% |
RR 8 Ltd | 6.006% | 07/15/2037 | 0.2% |
Generate CLO 6 Ltd | 5.937% | 10/22/2037 | 0.2% |
KKR Financial CLO 2013-1 Ltd | 6.106% | 04/15/2029 | 0.2% |
Galaxy XXII CLO Ltd | 5.887% | 04/16/2034 | 0.2% |
Rad CLO 7 Ltd | 5.997% | 04/17/2036 | 0.2% |
RR 34 LTD | 10.062% | 10/15/2039 | 0.2% |
Continental Finance Credit Card ABS Master Trust | 5.780% | 12/15/2032 | 0.2% |
Bank of Montreal | 5.310% | 09/10/2027 | 0.2% |
Silver Point CLO 6 Ltd | 6.617% | 10/15/2037 | 0.2% |
South Field Energy LLC | 8.264% | 08/29/2031 | 0.2% |
Flagship Credit Auto Trust 2020-4 | 3.840% | 07/17/2028 | 0.2% |
Lending Funding Trust 2020-2 | 6.770% | 04/21/2031 | 0.2% |
Canadian Imperial Bank of Commerce | 5.353% | 09/11/2027 | 0.2% |
ACRES Commercial Realty 2021-FL2 Ltd | 6.746% | 01/15/2037 | 0.2% |
Madison Park Funding XLII Ltd | 5.776% | 11/21/2030 | 0.2% |
Huntington Bank Auto Credit-Linked Notes Series 2024-2 | 5.955% | 10/20/2032 | 0.2% |
First Eagle Holdings Inc | 7.709% | 03/05/2029 | 0.2% |
Alpha Generation LLC | 7.107% | 09/30/2031 | 0.2% |
Sumitomo Mitsui Trust Bank Ltd | 5.418% | 09/10/2027 | 0.2% |
Freddie Mac STACR REMIC Trust 2024-DNA1 | 5.919% | 02/25/2044 | 0.2% |
Pacific Gas and Electric Co | 5.392% | 09/04/2025 | 0.1% |
Amentum Holdings Inc | 6.588% | 09/29/2031 | 0.1% |
Morgan Stanley Bank NA | 5.328% | 05/26/2028 | 0.1% |
Charter Communications Operating LLC | 6.583% | 12/15/2031 | 0.1% |
Boost Newco Borrower LLC | 7.071% | 01/31/2031 | 0.1% |
Invesco US CLO 2024-3 Ltd | 8.869% | 07/20/2037 | 0.1% |
Belron Finance 2019 LLC | 7.147% | 10/16/2031 | 0.1% |
National Australia Bank Ltd | 5.089% | 10/26/2027 | 0.1% |
Crown City CLO V | 8.717% | 04/20/2037 | 0.1% |
CIFC Funding 2019-I Ltd | 10.367% | 10/20/2037 | 0.1% |
Birch Grove CLO 5 Ltd | 7.967% | 10/20/2037 | 0.1% |
Ares LV CLO Ltd | 11.156% | 10/15/2037 | 0.1% |
Silver Point CLO 6 Ltd | 10.867% | 10/15/2037 | 0.1% |
Empower CLO 2022-1 Ltd | 10.517% | 10/20/2037 | 0.1% |
Business Jet Securities 2024-2 LLC | 5.364% | 09/15/2039 | 0.1% |
Sierra Timeshare 2024-3 Receivables Funding LLC | 6.930% | 08/20/2041 | 0.1% |
Buckeye Partners LP | 6.356% | 11/22/2030 | 0.1% |
Santander Consumer Auto Receivables Trust 2021-A | 5.790% | 08/15/2028 | 0.1% |
FLUTTER FINANCING B V | 6.116% | 11/25/2030 | 0.1% |
Generate CLO 3 Ltd | 12.447% | 10/20/2036 | 0.1% |
Societe Generale SA | 5.578% | 02/19/2027 | 0.1% |
ABN AMRO Bank NV | 6.183% | 09/18/2027 | 0.1% |
Palmer Square CLO 2022-5 Ltd | 6.890% | 10/20/2037 | 0.1% |
AGL CLO 26 Ltd | 12.867% | 10/21/2036 | 0.1% |
GLS Auto Select Receivables Trust 2023-2 | 8.220% | 02/18/2031 | 0.1% |
TALEN ENERGY SUPPLY LLC | 6.870% | 12/15/2031 | 0.1% |
Multifamily Connecticut Avenue Securities Trust 2024-01 | 7.319% | 07/25/2054 | 0.1% |
Cifc Funding 2023-III Ltd | 7.267% | 01/20/2037 | 0.1% |
Voya CLO 2016-3 Ltd | 6.332% | 10/18/2031 | 0.1% |
AIMCO CLO 22 Ltd | 8.017% | 04/19/2037 | 0.1% |
Tempur Sealy International Inc | 6.837% | 10/24/2031 | 0.1% |
Madison Park Funding XLII Ltd | 6.388% | 11/21/2030 | 0.1% |
Freddie Mac STACR REMIC Trust 2021-DNA7 | 6.369% | 11/25/2041 | 0.1% |
US Bank NA/Cincinnati OH | 5.296% | 10/22/2027 | 0.1% |
DYNASTY ACQUISITION CO INC | 6.607% | 10/31/2031 | 0.1% |
Connecticut Avenue Securities Trust 2024-R06 | 5.719% | 09/25/2044 | 0.1% |
Huntington Bank Auto Credit-Linked Notes Series 2024-2 | 8.605% | 10/20/2032 | 0.1% |
EPIC Crude Services LP | 7.656% | 10/15/2031 | 0.1% |
LAD Auto Receivables Trust 2023-1 | 7.300% | 06/17/2030 | 0.1% |
Bain Capital Credit CLO 2023-3 Ltd | 13.185% | 07/24/2036 | 0.1% |
GLS Auto Select Receivables Trust 2023-1 | 7.930% | 07/15/2030 | 0.1% |
Bain Capital Credit Clo 2024-5 Ltd | 10.760% | 10/21/2037 | 0.1% |
Thunder Generation Funding LLC | 7.305% | 10/03/2031 | 0.1% |
Ballyrock CLO 20 Ltd | 10.856% | 10/15/2036 | 0.1% |
Ballyrock CLO 23 Ltd | 9.826% | 04/25/2036 | 0.1% |
Empower CLO 2023-2 Ltd | 8.056% | 07/15/2036 | 0.1% |
Benefit Street Partners CLO XXIX | 10.376% | 01/25/2036 | 0.1% |
BX Trust 2024-VLT4 | 5.889% | 07/15/2029 | 0.1% |
CARLYLE US CLO 2023-2 LTD | 7.617% | 07/20/2036 | 0.1% |
OHA Credit Funding 17 Ltd | 6.917% | 04/20/2037 | 0.1% |
Milford Park CLO Ltd | 6.717% | 07/20/2035 | 0.1% |
AMMC CLO 25 Ltd | 6.406% | 04/15/2035 | 0.1% |
EFS Cogen Holdings I LLC | 7.805% | 10/03/2031 | 0.1% |
Westlake Automobile Receivables Trust 2024-1 | 6.020% | 10/15/2029 | 0.1% |
AON CORPORATION | 5.607% | 02/16/2027 | 0.1% |
GLS Auto Receivables Issuer Trust 2023-4 | 7.180% | 08/15/2029 | 0.1% |
Neuberger Berman Loan Advisers CLO 55 Ltd | 8.132% | 04/22/2038 | 0.1% |
Avant Loans Funding Trust 2024-REV1 | 5.920% | 10/15/2033 | 0.1% |
BMW US Capital LLC | 5.294% | 08/13/2026 | 0.1% |
Toyota Motor Credit Corp | 5.281% | 08/07/2026 | 0.1% |
Royal Bank of Canada | 5.334% | 10/18/2027 | 0.1% |
Wells Fargo Commercial Mortgage Trust 2024-MGP | 6.088% | 08/15/2041 | 0.1% |
HGI CRE CLO 2021-FL1 Ltd | 5.562% | 06/16/2036 | 0.1% |
SEAWORLD PARKS + ENTRTNMNT INC | 6.333% | 12/04/2031 | 0.1% |
AGL CLO 25 Ltd | 9.917% | 07/21/2036 | 0.1% |
OHA Credit Funding 18 Ltd | 8.067% | 04/20/2037 | 0.1% |
Empower CLO 2023-1 Ltd | 10.126% | 04/25/2036 | 0.1% |
KIND Commercial Mortgage Trust 2024-1 | 6.287% | 08/15/2041 | 0.1% |
Kinetic Advantage Master Owner Trust | 7.248% | 11/15/2027 | 0.1% |
BX Commercial Mortgage Trust 2021-XL2 | 5.200% | 10/15/2038 | 0.1% |
Sixth Street CLO XXII Ltd | 9.632% | 04/22/2036 | 0.1% |
Korea National Oil Corp | 5.298% | 09/30/2027 | 0.1% |
JW Commercial Mortgage Trust 2024-MRCO | 6.018% | 06/15/2039 | 0.1% |
KKR CLO 56 Ltd | 11.596% | 10/15/2037 | 0.0% |
Exeter Automobile Receivables Trust 2023-2 | 6.320% | 08/15/2029 | 0.0% |
CAL Receivables 2022-1 LLC | 8.948% | 10/15/2026 | 0.0% |
OCP CLO 2023-26 Ltd | 12.897% | 04/17/2036 | 0.0% |
OHA Credit Funding 14 Ltd | 12.367% | 04/20/2036 | 0.0% |
Rad CLO 20 Ltd | 9.617% | 07/20/2036 | 0.0% |
Magnetite XXXV Ltd | 8.626% | 10/25/2036 | 0.0% |
Barings CLO Ltd 2024-I | 8.617% | 01/20/2037 | 0.0% |
Sycamore Tree CLO 2024-5 Ltd | 8.867% | 04/20/2036 | 0.0% |
BPCE SA | 6.591% | 10/19/2027 | 0.0% |
Regatta XXV Funding Ltd | 7.706% | 07/15/2036 | 0.0% |
Carlyle US CLO 2022-3 Ltd | 7.167% | 04/20/2037 | 0.0% |
OHA Credit Funding 16 Ltd | 7.267% | 10/20/2036 | 0.0% |
Dryden 102 CLO Ltd | 7.106% | 10/15/2036 | 0.0% |
Post CLO 2023-1 Ltd | 7.117% | 04/20/2036 | 0.0% |
Palmer Square CLO 2023-1 Ltd | 9.917% | 01/20/2036 | 0.0% |
Ballyrock CLO 25 Ltd | 7.076% | 01/25/2036 | 0.0% |
GREYWOLF CLO VII Ltd | 6.777% | 10/20/2031 | 0.0% |
Barings Loan Partners CLO Ltd 3 | 6.717% | 07/20/2033 | 0.0% |
Surgery Center Holdings Inc | 7.120% | 12/19/2030 | 0.0% |
TransDigm Inc | 6.965% | 02/28/2031 | 0.0% |
Caesars Entertainment Inc | 6.771% | 02/06/2031 | 0.0% |
MF1 2024-FL14 LLC | 6.103% | 03/19/2039 | 0.0% |
TransDigm Inc | 6.853% | 01/20/2032 | 0.0% |
DYNASTY ACQUISITION CO INC | 6.607% | 10/31/2031 | 0.0% |
Compass Power Generation LLC | 8.089% | 04/16/2029 | 0.0% |
Select Medical Corp | 6.333% | 12/03/2031 | 0.0% |
Bayview Opportunity Master Fund VII 2024-EDU1 LLC | 7.319% | 06/25/2047 | 0.0% |
Emrld Borrower LP | 7.059% | 08/04/2031 | 0.0% |
NatWest Group PLC | 5.799% | 11/15/2028 | 0.0% |
Cushman & Wakefield US Borrower LLC | 7.583% | 01/31/2030 | 0.0% |
LORCA HOLDCO LIMITED | 7.826% | 04/17/2031 | 0.0% |
Ally Bank Auto Credit-Linked Notes Series 2024-A | 5.827% | 05/17/2032 | 0.0% |
Marsh & McLennan Cos Inc | 5.206% | 11/08/2027 | 0.0% |
Citadel Securities Global Holdings LLC | 6.345% | 10/31/2031 | 0.0% |
Bayview Opportunity Master Fund VII 2024-CAR1 LLC | 5.869% | 12/26/2031 | 0.0% |
BPR Trust 2022-OANA | 6.295% | 04/15/2037 | 0.0% |
APIDOS CLO XLVIII Ltd | 11.065% | 07/25/2037 | 0.0% |
NRG Energy Inc | 6.271% | 04/16/2031 | 0.0% |
Mariner Finance Issuance Trust 2020-A | 3.210% | 08/21/2034 | 0.0% |
Generate Clo 16 Ltd | 11.157% | 07/20/2037 | 0.0% |
Empower CLO 2024-2 Ltd | 11.376% | 07/15/2037 | 0.0% |
Carmax Auto Owner Trust 2024-3 | 5.670% | 01/15/2031 | 0.0% |
Citadel Securities Global Holdings LLC | 6.722% | 07/29/2030 | 0.0% |
Driven Brands Funding LLC | 7.393% | 10/20/2052 | 0.0% |
PFP 2023-10 Ltd | 6.747% | 09/16/2038 | 0.0% |
Entain PLC | 6.738% | 06/30/2028 | 0.0% |
South Field Energy LLC | 8.264% | 08/29/2031 | 0.0% |
Fairstone Financial Issuance Trust I | 2.509% | 10/20/2039 | 0.0% |
FX USD/CAD 03/25 | 0.000% | 03/07/2025 | 0.0% |
Credit Index Swap | 1.000% | 12/20/2029 | 0.0% |
FX USD/EUR 02/25 | 0.000% | 02/20/2025 | 0.0% |
Interest Rate Swap | 3.000% | 03/19/2027 | 0.0% |
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
Dividend Payments
- YTD Dividends Paidas of 02/18/2025
- $0.05159
- Dividend Frequency
- Monthly (Daily Accrual)
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
Daily | Daily | 01/31/2025 | $0.05159 | $10.28 |
Upcoming Dividend Payment Dates
This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.
Record Date | Ex-Dividend Date | Reinvest & Payable Date |
---|---|---|
Daily | Daily | 02/28/2025 |
Daily | Daily | 03/31/2025 |
Daily | Daily | 04/30/2025 |
Daily | Daily | 05/31/2025 |
Daily | Daily | 06/30/2025 |
Daily | Daily | 07/31/2025 |
Daily | Daily | 08/31/2025 |
Daily | Daily | 09/30/2025 |
Daily | Daily | 10/31/2025 |
Daily | Daily | 11/30/2025 |
Daily | Daily | 12/31/2025 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/16/2024 | 12/17/2024 | $0.0007 | $0.0053 | $0.0060 | $10.26 |
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 02/18/2025
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.50% | 2.00% | $10.52 |
$100,000 to $249,999 | 1.75% | 1.50% | $10.46 |
$250,000 to $499,999 | 1.25% | 1.00% | $10.41 |
Greater than $500,000 | 0.00% | 1.00% | $10.28 |
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 01/31/2025
Fund Gross Expense Ratio | 1.50% |
Fund Net Expense Ratio | 0.55% |
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 11/30/2025. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Documents
Fund Documents
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 Financial Statements and Other Information *
Publish Date:11/03/2015
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Annual Tailored Shareholder Report
Publish Date:11/03/2015
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Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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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.
The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.
The 30-day Standardized Unsubsidized yield does not reflect fee waivers.