Multi-Asset Balanced Opportunity Fund
Daily price w/o sales charge as of 09/28/2016
$11.18
$0.07
YTD Returns w/o sales charge as of 09/28/2016
8.15%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
The Fund seeks to deliver long-term growth of capital with current monthly income by investing primarily in Lord Abbett Funds that invest in a wide variety of U.S. stocks and bonds along with select international securities.
Yield
12-Month Dividend Yield 1 as of 09/28/2016
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 3.31% | 3.17% |
| w/ sales charge | 3.23% | 3.09% |
30-Day Standardized Yield 2 as of 08/31/2016
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 2.78% | 2.65% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 08/31/2016
Fund Basicsas of 08/31/2016
- Total Net Assets
- $1.99 B
- Inception Date
- 12/27/1994
- Dividend Frequency
- Monthly
- CUSIP
- 543916209
- Minimum Initial Investment
- $1,500+
Fund Expense Ratio :
Gross 1.23%
Net 1.09%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/27/1994 |
|---|
| w/o sales charge | 7.47% | 5.79% | 5.50% | 7.92% | 5.17% | 7.11% |
| Lipper Category Avg. Mixed-Asset Target Alloc Moderate Funds | 6.21% | 6.49% | 5.70% | 6.98% | 4.84% | - |
| Blended Index | 7.55% | 8.37% | 7.56% | 8.72% | 6.48% | - |
| w/ sales charge | 5.07% | 3.42% | 4.70% | 7.44% | 4.93% | 7.00% |
Fund Expense Ratio :
Gross 1.23%
Net 1.09%
Fund Expense Ratio :
Gross 1.23%
Net 1.09%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/27/1994 |
|---|
| w/o sales charge | 3.42% | -3.42% | 4.63% | 5.39% | 5.16% | 6.98% |
| Lipper Category Avg. Mixed-Asset Target Alloc Moderate Funds | 3.32% | 0.08% | 5.20% | 5.41% | 4.76% | - |
| Blended Index | 4.42% | 2.73% | 7.01% | 7.30% | 6.46% | - |
| w/ sales charge | 1.11% | -5.63% | 3.82% | 4.91% | 4.92% | 6.86% |
Fund Expense Ratio :
Gross 1.23%
Net 1.09%
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 of future results.
Effective November 29, 2013, the Lord Abbett Balanced Strategy Fund changed its name to Lord Abbett Multi-Asset Balanced Opportunity Fund.
The Blended Index consists of the following components: 40% Russell 1000® Index, 35% Barclays U.S. Aggregate Bond Index, 15% BofA Merrill Lynch High Yield Master II Constrained Index and 10% MSCI EAFE Index with Gross Dividends. Index is unmanaged, does not reflect the deduction of fees or expenses; and is not available for direct investment.
RELATED CONTENT
Market View: 2015—Finding the Right Allocation Combination
A measured approach seeks to add incremental value by distinguishing "signal" from "noise."
Market View: Tactical Allocation—When DIY Becomes "D'oh!"
A proven framework allows for a measured approach to assessing the relative value of asset classes.
Portfolio Breakdown as of 08/31/2016 View portfolio
| Equity | Assets |
|---|---|
| U.S. Large Cap | 14.5% |
| U.S. Small/Mid Cap | 23.3% |
| Intl Equity | 13.7% |
| % of Total Assets | 51.6% |
| Fixed Income | Assets |
|---|---|
| Investment Grade | 4.0% |
| High Yield | 24.1% |
| Convertibles | 9.2% |
| Emerging Mkt Currencies | 8.7% |
| Other and Cash | 2.3% |
| % of Total Assets | 48.5% |
The Fund invests principally in the underlying funds. The percentages shown are based on individual securities owned in one or more of the underlying funds. The Fund may also invest directly in derivatives. The Fund’s portfolio is actively managed and therefore, its percentage allocations may change from time to time. Holdings are for informational purposes only and are not a recommendation to buy, sell, or hold any security.
Ten Largest Equity Holdings as of 08/31/2016View Portfolio
| Ten Largest Equity Holdings | Assets |
|---|---|
| Citizens Financial Group, Inc. | 0.7% |
| Edison International | 0.6% |
| Whirlpool Corp. | 0.6% |
| XL Group Ltd. | 0.5% |
| Fidelity National Information Services, Inc. | 0.5% |
| Cimarex Energy Co. | 0.5% |
| Invesco Ltd. | 0.5% |
| M&T Bank Corp. | 0.5% |
| PPL Corp. | 0.4% |
| Sempra Energy | 0.4% |
The Fund invests principally in the underlying funds. The percentages shown are based on individual securities owned in one or more of the underlying funds. The Fund may also invest directly in derivatives. The Fund’s portfolio is actively managed and therefore, its percentage allocations may change from time to time. Holdings are for informational purposes only and are not a recommendation to buy, sell, or hold any security.
Ten Largest Fixed Income Holdings as of 08/31/2016View Portfolio
| Ten Largest Fixed Income Holdings | Assets |
|---|---|
| Restoration Hardware Holdings, Inc. | 0.4% |
| CSC Holdings LLC | 0.4% |
| NVIDIA Corp. | 0.3% |
| Chesapeake Energy Corp. | 0.3% |
| Tesla Motors, Inc. | 0.3% |
| Intel Corp. | 0.3% |
| Banco Popular Espanol SA | 0.3% |
| Priceline.com, Inc. | 0.2% |
| U.S. Treasury Note/Bond | 0.2% |
| ArcelorMittal | 0.2% |
The Fund invests principally in the underlying funds. The percentages shown are based on individual securities owned in one or more of the underlying funds. The Fund may also invest directly in derivatives. The Fund’s portfolio is actively managed and therefore, its percentage allocations may change from time to time. Holdings are for informational purposes only and are not a recommendation to buy, sell, or hold any security.
Investment Team
Years experience refers to industry experience.
Contact a Representative
To contact your representative, enter your zip code and select your channel below.
Performance
Performance
12-Month Dividend Yield 1 as of 09/28/2016
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 3.31% | 3.17% |
| w/ sales charge | 3.23% | 3.09% |
30-Day Standardized Yield 2 as of 08/31/2016
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 2.78% | 2.65% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 1.23%
Net 1.09%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/27/1994 |
|---|
| w/o sales charge | 7.47% | 5.79% | 5.50% | 7.92% | 5.17% | 7.11% |
| Lipper Category Avg. Mixed-Asset Target Alloc Moderate Funds | 6.21% | 6.49% | 5.70% | 6.98% | 4.84% | - |
| Blended Index | 7.55% | 8.37% | 7.56% | 8.72% | 6.48% | - |
| w/ sales charge | 5.07% | 3.42% | 4.70% | 7.44% | 4.93% | 7.00% |
Fund Expense Ratio :
Gross 1.23%
Net 1.09%
Fund Expense Ratio :
Gross 1.23%
Net 1.09%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/27/1994 |
|---|
| w/o sales charge | 3.42% | -3.42% | 4.63% | 5.39% | 5.16% | 6.98% |
| Lipper Category Avg. Mixed-Asset Target Alloc Moderate Funds | 3.32% | 0.08% | 5.20% | 5.41% | 4.76% | - |
| Blended Index | 4.42% | 2.73% | 7.01% | 7.30% | 6.46% | - |
| w/ sales charge | 1.11% | -5.63% | 3.82% | 4.91% | 4.92% | 6.86% |
Fund Expense Ratio :
Gross 1.23%
Net 1.09%
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 of future results.
Effective November 29, 2013, the Lord Abbett Balanced Strategy Fund changed its name to Lord Abbett Multi-Asset Balanced Opportunity Fund.
The Blended Index consists of the following components: 40% Russell 1000® Index, 35% Barclays U.S. Aggregate Bond Index, 15% BofA Merrill Lynch High Yield Master II Constrained Index and 10% MSCI EAFE Index with Gross Dividends. Index is unmanaged, does not reflect the deduction of fees or expenses; and is not available for direct investment.
Best returns
| Durations | Fund Returns | Blended Index |
|---|
| 3-Mo | 21.49 | 17.98 |
| 1-Yr | 45.67 | 38.1 |
Worst returns
| Durations | Fund Returns | Blended Index |
|---|
| 3-Mo | -24.46 | -21.34 |
| 1-Yr | -31.62 | -26.13 |
Best & Worst returns reflect a cumulative return for the three-month and one-year periods.
| Year | Fund Returns | Blended Index |
|---|
| 2015 | -5.25% | 0.03% |
| 2014 | 5.85% | 7.26% |
| 2013 | 18.03% | 15.09% |
| 2012 | 14.70% | 12.23% |
| 2011 | -3.40% | 3.01% |
| 2010 | 11.87% | 12.29% |
| 2009 | 31.96% | 25.00% |
| 2008 | -28.59% | -23.21% |
| 2007 | 5.89% | 6.41% |
| 2006 | 12.65% | 11.87% |
| 2005 | 2.47% | - |
| 2004 | 10.22% | - |
| 2003 | 24.45% | - |
| 2002 | -10.93% | - |
| 2001 | -1.81% | - |
| 2000 | 7.43% | - |
| 1999 | 11.01% | - |
| 1998 | 8.82% | - |
| 1997 | 17.32% | - |
| 1996 | 9.05% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2016 | 0.49% | 2.92% | - | - | 8.15% |
| 2015 | 2.09% | -0.61% | -7.78% | 1.26% | -5.25% |
| 2014 | 2.75% | 3.92% | -2.57% | 1.75% | 5.85% |
| 2013 | 6.73% | 0.15% | 4.66% | 5.51% | 18.03% |
| 2012 | 9.37% | -3.67% | 5.31% | 3.38% | 14.70% |
| 2011 | 4.43% | -0.10% | -14.27% | 8.01% | -3.40% |
| 2010 | 3.94% | -8.59% | 9.80% | 7.23% | 11.87% |
| 2009 | -5.13% | 15.78% | 15.27% | 4.23% | 31.96% |
| 2008 | -6.47% | -1.58% | -8.08% | -15.60% | -28.59% |
| 2007 | 1.55% | 3.29% | 2.49% | -1.51% | 5.89% |
| 2006 | 3.79% | -0.59% | 4.88% | 4.10% | 12.65% |
| 2005 | -2.02% | 0.51% | 2.59% | 1.42% | 2.47% |
| 2004 | 2.23% | 0.24% | 0.06% | 7.49% | 10.22% |
| 2003 | -2.06% | 13.18% | 2.37% | 9.67% | 24.45% |
| 2002 | 1.81% | -7.58% | -11.91% | 7.46% | -10.93% |
| 2001 | -4.15% | 3.18% | -8.28% | 8.25% | -1.81% |
| 2000 | 0.73% | -1.25% | 4.96% | 2.90% | 7.43% |
| 1999 | 2.36% | 5.94% | -4.16% | 6.82% | 11.01% |
| 1998 | 5.66% | 0.39% | -8.57% | 12.21% | 8.82% |
| 1997 | 1.25% | 8.66% | 5.01% | 1.54% | 17.32% |
| 1996 | 1.77% | -0.12% | 1.44% | 5.75% | 9.05% |
| 1995 | 6.05% | 5.86% | 4.43% | 4.72% | 22.78% |
| 1994 | - | - | - | - | -0.21% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Effective November 29, 2013, the Lord Abbett Balanced Strategy Fund changed its name to Lord Abbett Multi-Asset Balanced Opportunity Fund.
The Blended Index consists of the following components: 40% Russell 1000® Index, 35% Barclays U.S. Aggregate Bond Index, 15% BofA Merrill Lynch High Yield Master II Constrained Index and 10% MSCI EAFE Index with Gross Dividends. Index is unmanaged, does not reflect the deduction of fees or expenses; and is not available for direct investment.
Growth of $10,000 as of 08/31/2016
The chart begins on the Fund's inception date of 12/27/1994.
Based on a hypothetical Class A share investment of $10,000 on 12/27/1994 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
Portfolio Breakdown as of 08/31/2016
| Equity | Assets |
|---|---|
| U.S. Large Cap | 14.5% |
| U.S. Small/Mid Cap | 23.3% |
| Intl Equity | 13.7% |
| % of Total Assets | 51.6% |
| Fixed Income | Assets |
|---|---|
| Investment Grade | 4.0% |
| High Yield | 24.1% |
| Convertibles | 9.2% |
| Emerging Mkt Currencies | 8.7% |
| Other and Cash | 2.3% |
| % of Total Assets | 48.5% |
The Fund's portfolio is actively managed and, therefore, its percent allocations may change from time to time. Fund allocations may not total 100% due to rounding or cash and net other assets.
| Ten Largest Equity Holdings | Assets |
|---|---|
| Citizens Financial Group, Inc. | 0.7% |
| Edison International | 0.6% |
| Whirlpool Corp. | 0.6% |
| XL Group Ltd. | 0.5% |
| Fidelity National Information Services, Inc. | 0.5% |
| Cimarex Energy Co. | 0.5% |
| Invesco Ltd. | 0.5% |
| M&T Bank Corp. | 0.5% |
| PPL Corp. | 0.4% |
| Sempra Energy | 0.4% |
The Fund invests principally in the underlying funds. The percentages shown are based on individual securities owned in one or more of the underlying funds. The Fund may also invest directly in derivatives. The Fund’s portfolio is actively managed and therefore, its percentage allocations may change from time to time. Holdings are for informational purposes only and are not a recommendation to buy, sell, or hold any security.
| Ten Largest Fixed Income Issues | Assets |
|---|---|
| Restoration Hardware Holdings, Inc. | 0.4% |
| CSC Holdings LLC | 0.4% |
| NVIDIA Corp. | 0.3% |
| Chesapeake Energy Corp. | 0.3% |
| Tesla Motors, Inc. | 0.3% |
| Intel Corp. | 0.3% |
| Banco Popular Espanol SA | 0.3% |
| Priceline.com, Inc. | 0.2% |
| U.S. Treasury Note/Bond | 0.2% |
| ArcelorMittal | 0.2% |
The Fund invests principally in the underlying funds. The percentages shown are based on individual securities owned in one or more of the underlying funds. The Fund may also invest directly in derivatives. The Fund’s portfolio is actively managed and therefore, its percentage allocations may change from time to time. Holdings are for informational purposes only and are not a recommendation to buy, sell, or hold any security.
| Holding | Assets |
|---|---|
| High Yield Fund | 25.1% |
| International Dividend Income Fund | 14.0% |
| Calibrated Mid Cap Value Fund | 12.8% |
| Mid Cap Stock Fund | 12.8% |
| Convertible Fund | 10.2% |
| Calibrated Large Cap Value Fund | 10.1% |
| Emerging Markets Currency Fund | 8.8% |
| Core Fixed Income Fund | 2.3% |
| Inflation Focused Fund | 1.6% |
| Short Duration Income Fund | 1.0% |
| International Core Equity Fund | 0.6% |
The Fund invests principally in the underlying funds. The percentages shown are based on individual securities owned in one or more of the underlying funds. The Fund may also invest directly in derivatives. The Fund’s portfolio is actively managed and therefore, its percentage allocations may change from time to time. Holdings are for informational purposes only and are not a recommendation to buy, sell, or hold any security.
Equity Sector Allocation as of 08/31/2016
| Sector | Assets |
|---|---|
| Financials | |
| Information Technology | |
| Energy | |
| Consumer Discretionary | |
| Health Care | |
| Utilities | |
| Industrials | |
| Consumer Staples | |
| Materials | |
| Telecommunication Services | |
| Unclassified |
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 09/28/2016
- $0.165
- Dividend Frequency
- Monthly
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 08/30/2016 | 08/31/2016 | 08/31/2016 | $0.01620 | $11.11 |
| 07/28/2016 | 07/29/2016 | 07/29/2016 | $0.01390 | $11.03 |
| 06/29/2016 | 06/30/2016 | 06/30/2016 | $0.03700 | $10.72 |
| 05/26/2016 | 05/27/2016 | 05/27/2016 | $0.01310 | $10.72 |
| 04/28/2016 | 04/29/2016 | 04/29/2016 | $0.01520 | $10.65 |
| 03/30/2016 | 03/31/2016 | 03/31/2016 | $0.03890 | $10.48 |
| 02/25/2016 | 02/26/2016 | 02/26/2016 | $0.01450 | $9.99 |
| 01/28/2016 | 01/29/2016 | 01/29/2016 | $0.01620 | $10.04 |
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 |
|---|---|---|
| 09/29/2016 | 09/30/2016 | 09/30/2016 |
| 10/27/2016 | 10/28/2016 | 10/28/2016 |
| 11/29/2016 | 11/30/2016 | 11/30/2016 |
| 12/29/2016 | 12/30/2016 | 12/30/2016 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 12/21/2015 | 12/22/2015 | $0.4148 | $0.0315 | $0.4463 | $10.48 |
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.
Upcoming Capital Gain Distribution
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 |
|---|---|
| 12/20/2016 | 12/21/2016 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 09/28/2016
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $11.44 |
| $100,000 to $249,999 | 1.75% | 1.50% | $11.38 |
| $250,000 to $499,999 | 1.25% | 1.00% | $11.32 |
| $500,000 to $999,999 | 0.00% | 1.00% | $11.18 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $11.18 |
The 12b-1 trail commission is 0.25% (accrues immediately) for all equity and multi-asset class 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 08/31/2016
Fund Review
Fund Review
Fund Review*Class A Share at net asset value (NAV). For the latest NAV, including maximum sales charges (MOP) performance information, visit us at lordabbett.com. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted.
If applicable, “Modestly” is defined as any under or outperformance within 100 basis points (bps) for equity funds and 50 basis points (bps) for fixed income funds as compared to the Fund's benchmark.
1The Russell 1000® Index measures the performance of the 1,000 largest companies in the Russell 3000 Index, which represents approximately 92% of the total market capitalization of the Russell 3000 Index.
2The Barclays U.S. Aggregate Bond represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment.
3The BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization-weighted index of all U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.
4The MSCI EAFE Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the United States and Canada. The MSCI EAFE Index consists of the following 21 developed market country indexes: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The MSCI EAFE Index with Gross Dividends approximates the maximum possible dividend reinvestment. The amount reinvested is the entire dividend distributed to individuals resident in the country of the company, but does not include tax credits. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.
The indexes are presented for informational purposes only and are not presented to illustrate any specific product or security. Unless otherwise specified, indexes reflect total return, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment. Past performance is not a reliable indicator or guarantee of future results.
The credit quality of the securities in a portfolio are assigned by a national recognized statistical rating organization (NRSRO), such as Standard & Poor’s, Moody’s, or Fitch, as an indication of an issuer’s creditworthiness. 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 Note about Risk: The Fund invests in underlying funds that may engage in a variety of investment strategies involving certain risks; the Fund is subject to the particular risks of an underlying fund in proportion to a respective investment. Performance of an underlying fund may be lower than the performance of the asset class it represents. Because the Fund maintains a balanced allocation among equity and fixed-income funds, it will be affected by risks associated with equity and fixed-income markets, as well as the financial condition and prospects of issuers in which the underlying funds invest. Equity securities are generally subject to more volatility and risk than fixed income securities, especially in the case of small and mid-sized company stocks. Fixed-income securities are generally subject to interest rate risk, credit risk, and liquidity risk. These risks are greater for high-yield fixed-income securities. Investing internationally involves risks not associated with investing solely in the United States, such as currency fluctuation, political risk, differences in accounting and the limited availability of information. The Fund is subject to the risks associated with derivatives, which may be different from and greater than the risks associated with investing directly in securities and other investments. These factors can affect Fund performance.
Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal, and they also may be subject to call, liquidity, interest rate, and general market risks.
The views and information discussed in this commentary are as of June 30, 2016, are subject to change and may not reflect the views of the firm as a whole. The views expressed in market commentaries are at a specific point in time, are opinions only, and should not be relied upon as a forecast, or research or investment advice regarding a particular investment or the markets in general. Information discussed should not be considered a recommendation to purchase or sell securities.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Lord Abbett Funds. This and other important information is contained in the fund’s summary prospectus and/or prospectus. To obtain a prospectus or summary prospectus on any Lord Abbett mutual fund, contact your investment professional, Lord Abbett Distributor LLC at 888-522-2388 or visit us at www.lordabbett.com. Read the prospectus carefully before you invest.
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
|
0Documents selected
|
Order | ||||
|---|---|---|---|---|---|
|
Summary Prospectus
Publish Date:11/03/2015
|
|||||
| n/a |
Statutory Prospectus
Publish Date:11/03/2015
|
||||
| n/a |
Prospectus (XBRL)
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
|
|||||
|
Brochure
Publish Date:11/03/2015
|
|||||
|
Commentary
Publish Date:11/03/2015
|
|||||