LIGQX | Multi-Asset Income Fund Class R2 | 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 01/21/2022  

w/o sales charge 4.82%

30-Day Standardized Yield 2 as of 12/31/2021  

1.58%

Fund Basicsas of 12/31/2021

Total Net Assets
$1.29 B
Inception Date
09/28/2007
Dividend Frequency
Monthly
Fund Expense Ratio
1.44%

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 7.17% 7.17% 11.97% 7.32% 6.70% 5.83%
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 5.88% 5.88% 9.19% 6.35% 5.77% -
Bloomberg U.S. Aggregate Bond Index -1.54% -1.54% 4.79% 3.57% 2.90% 4.03%

Fund Expense Ratio :

1.44%

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 7.17% 7.17% 11.97% 7.32% 6.70% 5.83%
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 5.88% 5.88% 9.19% 6.35% 5.77% -
Bloomberg U.S. Aggregate Bond Index -1.54% -1.54% 4.79% 3.57% 2.90% 4.03%

Fund Expense Ratio :

1.44%

INVESTMENT TEAM

Giulio Martini
Giulio Martini

Partner, Director of Strategic Asset Allocation

36 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

30 Years of Industry Experience

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

Portfolio Manager

12 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 01/21/2022  

w/o sales charge 4.82%

30-Day Standardized Yield 2 as of 12/31/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.58% 1.58%

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 7.17% 7.17% 11.97% 7.32% 6.70% 5.83%
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 5.88% 5.88% 9.19% 6.35% 5.77% -
Bloomberg U.S. Aggregate Bond Index -1.54% -1.54% 4.79% 3.57% 2.90% 4.03%

Fund Expense Ratio :

1.44%

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 7.17% 7.17% 11.97% 7.32% 6.70% 5.83%
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 5.88% 5.88% 9.19% 6.35% 5.77% -
Bloomberg U.S. Aggregate Bond Index -1.54% -1.54% 4.79% 3.57% 2.90% 4.03%

Fund Expense Ratio :

1.44%

Year Fund Returns Bloomberg U.S. Aggregate Bond Index
2021 7.17% -1.54%
2020 13.45% 7.51%
2019 15.46% 8.72%
2018 -6.71% 0.01%
2017 8.68% 3.54%
2016 9.02% 2.65%
2015 -3.73% 0.55%
2014 3.07% 5.97%
2013 10.41% -2.02%
2012 12.46% 4.22%
2011 0.71% -
2010 12.84% -
2009 36.25% -
2008 -23.11% -
2007 2.27% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 3.09% 2.43% -0.70% 2.20% 7.17%
2020 -13.60% 13.25% 4.94% 10.48% 13.45%
2019 8.29% 2.46% -0.38% 4.46% 15.46%
2018 -0.26% 0.32% 2.77% -9.27% -6.71%
2017 2.77% 1.54% 2.03% 2.08% 8.68%
2016 0.39% 2.80% 3.92% 1.66% 9.02%
2015 2.03% -0.24% -5.35% -0.07% -3.73%
2014 2.21% 2.96% -2.12% 0.06% 3.07%
2013 3.96% -0.74% 3.44% 3.44% 10.41%
2012 6.72% -1.97% 4.38% 2.99% 12.46%
2011 3.96% 0.81% -8.71% 5.26% 0.71%
2010 4.09% -3.00% 7.29% 4.16% 12.84%
2009 0.68% 14.27% 13.00% 4.81% 36.25%
2008 -4.81% 0.53% -7.93% -12.74% -23.11%
2007 2.23% 1.18% 0.32% -1.45% 2.27%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 09/30/2021

  • While there are still short-term volatility risks stemming from global supply chain disruptions, the Delta variant headwind, and the possibility of persistently higher inflation, among other factors, we believe economic fundamentals will have an upward trajectory into 2022 as latent demand, dormant services, and consumer spending continue to normalize to pre-pandemic levels. With the Fed’s new approach to monetary policy, an anchored short end of the yield curve, negative real yields, and very low volatility, the demand for risk can be very strong.
  • Within U.S. equities generally, we have created a barbell positioning between innovative growth and value strategies. We believe innovative companies will displace vulnerable, aging business models, while value stocks have historically outperformed during periods of recovery after a recession.
  • The most notable change in the Fund’s composition over the quarter was a modest rotation from U.S. value stocks to durable growth stocks, which began following the Fed’s hawkish comments at the June Federal Open Market Committee (FOMC).
  • There was also a modest reduction in the exposure to bank loans over the quarter. Earlier in the quarter, some of the propellant that we had around rising rates and the reflationary trade had moderated. It was a more docile rate environment relative to 1Q21, as the Fed’s recent statement reduced the de-anchored high inflation scenario probability in our view. However, more recently, we believe that some of the propellant around rising rates is coming back, as the Fed signaled faster-than-expected Quantitative Easing (QE) tapering and assumed a generally hawkish tone in its latest meeting.
Holding Assets
High Yield Fund 18.0%
Core Fixed Income Fund 12.7%
Focused Large Cap Value Fund 11.4%
Inflation Focused Fund 8.3%
International Value Fund 7.0%
Growth Leaders Fund 6.9%
Durable Growth Fund 5.2%
Emerging Markets Bond Fund 4.9%
Fundamental Equity Fund 4.5%
International Equity Fund 4.2%
Growth Opportunities Fund 3.8%
Floating Rate Fund 3.0%
Mid Cap Stock Fund 2.9%
Value Opportunities Fund 2.6%
Intermediate Tax Free Fund 1.7%
Convertible Fund 1.0%
Short Duration Income Fund 1.0%
Focused Small Cap Value Fund 0.4%
Holding Assets
E-Mini Russ 2000 Dec21-1.5%
S&P500 EMINI FUT Dec21-2.5%

Equity Sector Allocation as of 12/31/2021

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 01/21/2022
$0
Dividend Frequency
Monthly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/29/2021 12/30/2021 12/30/2021 $0.03650 $17.61
12/21/2021 12/22/2021 12/22/2021 $0.56810 $17.51
11/29/2021 11/30/2021 11/30/2021 $0.06380 $17.92
10/28/2021 10/29/2021 10/29/2021 $0.01050 $18.32
09/29/2021 09/30/2021 09/30/2021 $0.02060 $17.90
08/30/2021 08/31/2021 08/31/2021 $0.01060 $18.29
07/29/2021 07/30/2021 07/30/2021 $0.01240 $18.08
06/29/2021 06/30/2021 06/30/2021 $0.02930 $18.07
05/27/2021 05/28/2021 05/28/2021 $0.00930 $18.22
04/29/2021 04/30/2021 04/30/2021 $0.01210 $18.00
03/30/2021 03/31/2021 03/31/2021 $0.01880 $17.69
02/25/2021 02/26/2021 02/26/2021 $0.00970 $17.54
01/28/2021 01/29/2021 01/29/2021 $0.01180 $17.15

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
01/27/2022 01/28/2022 01/28/2022
02/23/2022 02/24/2022 02/24/2022
03/30/2022 03/31/2022 03/31/2022
04/28/2022 04/29/2022 04/29/2022
05/26/2022 05/27/2022 05/27/2022
06/29/2022 06/30/2022 06/30/2022
07/28/2022 07/29/2022 07/29/2022
08/30/2022 08/31/2022 08/31/2022
09/29/2022 09/30/2022 09/30/2022
10/27/2022 10/28/2022 10/28/2022
11/29/2022 11/30/2022 11/30/2022
12/28/2022 12/29/2022 12/29/2022

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 $13.87

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
12/21/2022 12/22/2022

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2021

1.44%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
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Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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