ISFYX | Multi-Asset Income Fund Class I | Lord Abbett
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Multi-Asset Income Fund

Summary

Summary

What is the Multi-Asset Income Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in Lord Abbett Funds that invest in a wide variety of bonds along with select US and international stocks.

DIVERSE ASSETS

This Fund is designed with the flexibility to invest in bonds, stocks, and currencies from around the world.

TACTICALLY MANAGED

The investment team can rapidly shift allocations based on market opportunities and to hedge unwanted exposures.

HISTORICALLY DELIVERED HIGH INCOME WITH GROWTH

Led by a senior Investment Committee, the Fund has delivered competitive income with growth.

 

Yield

12-Month Dividend Yield 1 as of 01/21/2021  

w/o sales charge 3.43%

30-Day Standardized Yield 2 as of 12/31/2020  

2.15%

Fund Basicsas of 12/31/2020

Total Net Assets
$1.24 B
Inception Date
06/30/2005
Dividend Frequency
Monthly
Fund Expense Ratio
0.91%
Minimum Initial Investment
$1,000,000+

Fund Expense Ratio :

0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2005
w/o sales charge 14.11% 14.11% 7.56% 8.32% 6.67% 6.40%
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 8.25% 8.25% 5.58% 6.25% 5.36% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% 4.33%

Fund Expense Ratio :

0.91%

Fund Expense Ratio :

0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2005
w/o sales charge 14.11% 14.11% 7.56% 8.32% 6.67% 6.40%
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 8.25% 8.25% 5.58% 6.25% 5.36% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% 4.33%

Fund Expense Ratio :

0.91%

INVESTMENT TEAM

Giulio Martini
Giulio Martini

Partner, Director of Strategic Asset Allocation

35 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Jeffrey O. Herzog
Jeffrey O. Herzog, Ph.D.

Portfolio Manager

11 Years of Industry Experience

Supported By 6 Investment Professionals with 29 Years Avg. Industry Experience

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Performance

Performance

12-Month Dividend Yield 1 as of 01/21/2021  

w/o sales charge 3.43%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.15% 2.15%

Fund Expense Ratio :

0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2005
w/o sales charge 14.11% 14.11% 7.56% 8.32% 6.67% 6.40%
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 8.25% 8.25% 5.58% 6.25% 5.36% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% 4.33%

Fund Expense Ratio :

0.91%

Fund Expense Ratio :

0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2005
w/o sales charge 14.11% 14.11% 7.56% 8.32% 6.67% 6.40%
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 8.25% 8.25% 5.58% 6.25% 5.36% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% 4.33%

Fund Expense Ratio :

0.91%

Year Fund Returns Bloomberg Barclays U.S. Aggregate Bond Index
2020 14.11% 7.51%
2019 16.17% 8.72%
2018 -6.14% 0.01%
2017 9.35% 3.54%
2016 9.61% 2.65%
2015 -3.11% 0.55%
2014 3.70% 5.97%
2013 11.07% -2.02%
2012 13.10% 4.22%
2011 1.29% 7.84%
2010 12.93% -
2009 36.36% -
2008 -23.10% -
2007 3.28% -
2006 10.42% -
2005 1.68% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - 2.47%
2020 -13.45% 13.34% 5.14% 10.63% 14.11%
2019 8.44% 2.63% -0.24% 4.64% 16.17%
2018 -0.12% 0.49% 2.88% -9.10% -6.14%
2017 2.94% 1.67% 2.20% 2.23% 9.35%
2016 0.57% 2.89% 4.06% 1.79% 9.61%
2015 2.17% -0.08% -5.22% 0.13% -3.11%
2014 2.42% 3.12% -1.95% 0.14% 3.70%
2013 4.14% -0.60% 3.61% 3.55% 11.07%
2012 6.87% -1.80% 4.56% 3.08% 13.10%
2011 4.12% 0.88% -8.56% 5.46% 1.29%
2010 4.09% -3.05% 7.43% 4.16% 12.93%
2009 0.94% 14.00% 12.82% 5.04% 36.36%
2008 -4.67% 0.69% -7.88% -13.03% -23.10%
2007 2.40% 1.34% 0.84% -1.30% 3.28%
2006 2.11% 0.12% 3.57% 4.29% 10.42%
2005 - - 1.06% 0.61% 1.68%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 06/30/2020

  • Within U.S. equities generally, we have created a barbell positioning between innovative growth and deep value strategies. We believe innovative companies will displace vulnerable, aging business models, while deep value stocks have historically outperformed during periods of recovery after a recession.
  • Credit spreads have fallen well off their peaks this quarter. However, we believe that there is room to tighten further, as spreads are still above long term averages. Thus, the risk/reward profile of risk assets such as convertibles, bank loans, and high yield bonds continues to be relatively attractive.
  • We are constructive on Emerging Markets and non-U.S. developed markets, primarily in Asia. As the first nation to begin to recover from the coronavirus pandemic, China’s economic reopening has looked convincing and the industrial economy has picked up robustly. There remains heightened uncertainty around the U.S.’s ability to eliminate the virus, as a second wave of infections has afflicted multiple states.
Holding Assets
High Yield Fund 15.3%
Focused Large Cap Value Fund 13.6%
Core Fixed Income Fund 12.4%
Growth Leaders Fund 8.4%
Intermediate Tax Free Fund 7.9%
Emerging Markets Bond Fund 7.1%
International Value Fund 5.7%
International Equity Fund 5.5%
Inflation Focused Fund 5.1%
Fundamental Equity Fund 3.9%
Growth Opportunities Fund 3.6%
Durable Growth Fund 3.5%
Convertible Fund 3.1%
Mid Cap Stock Fund 3.0%
Floating Rate Fund 2.0%
Holding Assets
SPX Put Option Citi (2665) 3/19/217.3%
SPX Put Option UBS (2720) 2/19/217.3%
SPX Put Option Citi (3060) 2/19/217.3%
SPX Put Option JPM (3000) 3/19/217.3%
SPX Put Option JPM (2665) 3/19/217.3%
SPX Put Option Citi (3000) 3/19/217.3%
SPX Put Option UBS (3060) 2/19/217.3%
SPX Put Option JPM (2665) 3/19/217.3%
SPX Put Option Citi (2720) 2/19/217.3%
SPX Put Option JPM (3000) 3/19/217.3%
US ULTRA BOND CBT MAR213.6%
Long EUR Put JPY Call 12/9/202.5%
Long EUR Put JPY Call 12/18/202.5%
Long EUR Put JPY Call 2/12/212.5%
Long EUR Put JPY Call 12/4/202.5%
Short EUR Put JPY Call 12/18/202.5%
Short EUR Put JPY Call 12/9/202.5%
NIKKEI 225 (CME) DEC202.5%
Short EUR Put JPY Call 2/12/212.5%
Short EUR Put JPY Call 12/4/202.5%
FX JPY/EUR 12/200.4%
FX EUR/JPY 12/200.4%
Interest Rate Swap0.0%
Interest Rate Swap0.0%

Equity Sector Allocation as of 12/31/2020

Rating Assets
Information Technology
Consumer Discretionary
Financials
Health Care
Industrials
Telecommunication Services
Consumer Staples
Materials
Energy
Utilities
Real Estate
Unclassified

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 01/21/2021
$0
Dividend Frequency
Monthly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/29/2020 12/30/2020 12/30/2020 $0.05160 $16.57
12/21/2020 12/22/2020 12/22/2020 $0.29350 $16.52
10/29/2020 10/30/2020 10/30/2020 $0.01550 $15.31
09/29/2020 09/30/2020 09/30/2020 $0.03070 $15.39
08/27/2020 08/28/2020 08/28/2020 $0.01510 $15.59
07/30/2020 07/31/2020 07/31/2020 $0.02000 $15.22
06/29/2020 06/30/2020 06/30/2020 $0.03180 $14.70
05/28/2020 05/29/2020 05/29/2020 $0.02100 $14.30
04/29/2020 04/30/2020 04/30/2020 $0.02460 $13.72
03/30/2020 03/31/2020 03/31/2020 $0.03020 $13.04
02/27/2020 02/28/2020 02/28/2020 $0.02190 $14.65
01/30/2020 01/31/2020 01/31/2020 $0.02680 $15.07

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
01/28/2021 01/29/2021 01/29/2021
02/25/2021 02/26/2021 02/26/2021
03/30/2021 03/31/2021 03/31/2021
04/29/2021 04/30/2021 04/30/2021
05/27/2021 05/28/2021 05/28/2021
06/29/2021 06/30/2021 06/30/2021
07/29/2021 07/30/2021 07/30/2021
08/30/2021 08/31/2021 08/31/2021
09/29/2021 09/30/2021 09/30/2021
10/28/2021 10/29/2021 10/29/2021
11/29/2021 11/30/2021 11/30/2021
12/29/2021 12/30/2021 12/30/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/21/2015 12/22/2015 $0.3429 $0.0172 $0.3601 $13.48

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
12/21/2021 12/22/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2020

0.91%

Fund Documents

Fund Documents

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The Barclays U.S. Aggregate Bond Index 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. 

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