LIXSX | Multi-Asset Income Fund Class R4 | Lord Abbett

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Multi-Asset Income Fund

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Daily price w/o sales charge as of 06/09/2023

$14.53

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YTD Returns w/o sales charge as of 06/09/2023

2.80%

Please click here for performance current to the most recent quarter-end and month-end.

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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 06/09/2023  

w/o sales charge 2.77%

30-Day Standardized Yield 2 as of 05/31/2023  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.79% 2.78%

Fund Basicsas of 04/28/2023

Total Net Assets
$912.98 M
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.11%
Fund Net Expense Ratio
1.11%

Fund Expense Ratio :

Gross 1.11%

Net 1.11%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 1.88% -3.42% 3.96% 2.89% 3.81% -
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 2.70% -2.07% 1.70% 2.34% 3.22% -
Bloomberg U.S. Aggregate Bond Index 2.46% -2.14% -3.65% 0.81% 1.39% -
w/ sales charge 1.88% -3.42% 3.96% 2.89% 3.81% -

Fund Expense Ratio :

Gross 1.11%

Net 1.11%

Fund Expense Ratio :

Gross 1.11%

Net 1.11%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 2.58% -6.88% 7.57% 3.18% 4.01% -
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 3.28% -5.66% 4.45% 2.53% 3.33% -
Bloomberg U.S. Aggregate Bond Index 2.96% -4.78% -2.77% 0.91% 1.36% -

Fund Expense Ratio :

Gross 1.11%

Net 1.11%

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.

INVESTMENT TEAM

Giulio Martini
Giulio Martini

Partner, Director of Strategic Asset Allocation

38 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

32 Years of Industry Experience

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

Managing Director, Portfolio Manager

14 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 Years of Industry Experience

Supported By 5 Investment Professionals with 28 Years Avg. Industry Experience

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Performance

Performance

12-Month Dividend Yield 1 as of 06/09/2023  

w/o sales charge 2.77%

30-Day Standardized Yield 2 as of 05/31/2023  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.79% 2.78%

Fund Expense Ratio :

Gross 1.11%

Net 1.11%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 1.88% -3.42% 3.96% 2.89% 3.81% -
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 2.70% -2.07% 1.70% 2.34% 3.22% -
Bloomberg U.S. Aggregate Bond Index 2.46% -2.14% -3.65% 0.81% 1.39% -
w/ sales charge 1.88% -3.42% 3.96% 2.89% 3.81% -

Fund Expense Ratio :

Gross 1.11%

Net 1.11%

Fund Expense Ratio :

Gross 1.11%

Net 1.11%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 2.58% -6.88% 7.57% 3.18% 4.01% -
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds 3.28% -5.66% 4.45% 2.53% 3.33% -
Bloomberg U.S. Aggregate Bond Index 2.96% -4.78% -2.77% 0.91% 1.36% -

Fund Expense Ratio :

Gross 1.11%

Net 1.11%

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.

Year Fund Returns Bloomberg U.S. Aggregate Bond Index
2022 -14.30% -13.01%
2021 7.53% -1.54%
2020 13.81% 7.51%
2019 15.86% 8.72%
2018 -6.39% 0.01%
2017 9.13% 3.54%
2016 9.37% 2.65%
2015 -3.39% 0.55%
2014 3.45% 5.97%
2013 10.79% -2.02%
2012 12.82% -
2011 1.04% -
2010 12.65% -
2009 36.02% -
2008 -23.30% -
2007 3.02% -
2006 10.15% -
2005 - -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.58% - - - 2.80%
2022 -5.60% -10.45% -2.23% 3.68% -14.30%
2021 3.21% 2.48% -0.57% 2.24% 7.53%
2020 -13.56% 13.36% 5.05% 10.56% 13.81%
2019 8.33% 2.55% -0.30% 4.62% 15.86%
2018 -0.23% 0.43% 2.87% -9.17% -6.39%
2017 2.88% 1.61% 2.12% 2.23% 9.13%
2016 0.51% 2.81% 4.05% 1.72% 9.37%
2015 2.11% -0.15% -5.25% 0.01% -3.39%
2014 2.35% 3.06% -2.01% 0.08% 3.45%
2013 4.08% -0.66% 3.55% 3.49% 10.79%
2012 6.80% -1.87% 4.49% 3.01% 12.82%
2011 4.06% 0.82% -8.62% 5.40% 1.04%
2010 4.03% -3.11% 7.37% 4.09% 12.65%
2009 0.88% 13.93% 12.75% 4.97% 36.02%
2008 -4.73% 0.62% -7.94% -13.08% -23.30%
2007 2.34% 1.27% 0.77% -1.36% 3.02%
2006 2.05% 0.05% 3.51% 4.22% 10.15%
2005 - - 1.00% 0.55% -

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Holding Assets
Core Fixed Income Fund 33.5%
Fundamental Equity Fund 10.6%
Dividend Growth Fund 10.6%
Ultra Short Bond Fund 9.7%
High Yield Fund 9.3%
Inflation Focused Fund 5.9%
International Equity Fund 5.1%
Growth Leaders Fund 4.2%
International Value Fund 4.1%
Emerging Markets Bond Fund 3.3%
Income Fund 2.0%
Short Duration Income Fund 0.9%
Convertible Fund 0.3%

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
E-Mini Russ 2000 Jun23-1.0%
E-Mini Russ 1000 Jun23-5.6%

Equity Sector Allocation as of 04/28/2023

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 06/09/2023
$0.15950
Dividend Frequency
Monthly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
05/30/2023 05/31/2023 05/31/2023 $0.03340 $14.40
04/27/2023 04/28/2023 04/28/2023 $0.02750 $14.64
03/30/2023 03/31/2023 03/31/2023 $0.03970 $14.56
02/27/2023 02/28/2023 02/28/2023 $0.03070 $14.42
01/30/2023 01/31/2023 01/31/2023 $0.02820 $14.74

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
06/29/2023 06/30/2023 06/30/2023
07/27/2023 07/28/2023 07/28/2023
08/30/2023 08/31/2023 08/31/2023
09/28/2023 09/29/2023 09/29/2023
10/30/2023 10/31/2023 10/31/2023
11/29/2023 11/30/2023 11/30/2023
12/27/2023 12/28/2023 12/28/2023

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 $13.55

Fees & Expenses

Fees & Expenses

Expense Ratioas of 05/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
1.11% 1.11%

Fund Documents

Fund Documents

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*“Barron’s Best Fund Families of 2021,” #4 ranking in the Mixed Asset category based on the net total return of the ten-year period ending 12/31/2021, among 45 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2021,” February 18, 2022. Barron’s rankings are based on asset weighted returns in funds in five categories: general equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2021, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well.

Barron's Fund Family Rankings are awarded annually.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2022. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

The Multi-Asset Income Fund A share rankings within the Lipper Mixed-Asset Targt Alloc Con Funds Funds Average as of 12/31/2019 for the one-year time period was 15% (45/319); five-year, 31% (81/268); and 10-year, 22% (42/190). Source: Lipper Analytical Services. Lipper Funds Average ranking reflect all share classes within the category and are based on total return and do not reflect the effect of sales charges.

 

1

12-Month Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to its value with maximum sales charges and without sales charges. The fund’s dividend yield is calculated by dividing the fund’s income distributions over the previous year by the fund’s current value with maximum sales charges and without sales charges.

 

2

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.

 

5

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

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.  Because the Fund will be more heavily invested in fixed-income funds than equity funds, it will be more affected by interest rate risk, credit risk, liquidity risk, and other risks associated with debt securities.  These risks are greater for high yield debt securities.  The underlying funds’ equity investments are subject to greater risk and market volatility than fixed income investments.  Foreign investing, especially in developing countries, carries additional risks, such as currency and market volatility, and political and social instability.  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.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

The 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.

The BofA Merrill Lynch U.S. High Yield Constrained Index is a market value-weighted index of all domestic and Yankee high-yield bonds, including deferred interest bonds and payment–in-kind securities.  Issues included in the index have maturities of one year or more and have a credit rating lower than BB-/Baa3, but are not in default.  The index limits any individual issuer to a maximum of 2% benchmark exposure. 

The Bloomberg 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.

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 prorate basis.

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The Bloomberg 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. 

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Gross Expense Ratio includes Management fees, Distribution and Service (12b-1) fees, Acquired Fund Fees and Expenses, and Other Expenses. 

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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