LIXTX | Multi-Asset Income Fund Class R5 | Lord Abbett

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Multi-Asset Income Fund

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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 05/20/2022  

w/o sales charge 6.28%

30-Day Standardized Yield 2 as of 04/30/2022  

2.53%

Fund Basicsas of 03/31/2022

Total Net Assets
$1.20 B
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Expense Ratio
0.87%

Fund Expense Ratio :

0.87%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -10.11% -7.88% 5.17% 4.91% 5.50% -
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds -9.02% -6.20% 3.30% 3.63% 4.19% -
Bloomberg U.S. Aggregate Bond Index -9.50% -8.51% 0.38% 1.20% 1.73% -

Fund Expense Ratio :

0.87%

Fund Expense Ratio :

0.87%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -5.57% -1.41% 7.58% 6.12% 6.02% -
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds -4.83% 0.03% 5.26% 4.75% 4.72% -
Bloomberg U.S. Aggregate Bond Index -5.93% -4.15% 1.69% 2.14% 2.24% -

Fund Expense Ratio :

0.87%

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 7 Investment Professionals with 27 Years Avg. Industry Experience

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Performance

Performance

12-Month Dividend Yield 1 as of 05/20/2022  

w/o sales charge 6.28%

30-Day Standardized Yield 2 as of 04/30/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.53% 2.53%

Fund Expense Ratio :

0.87%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -10.11% -7.88% 5.17% 4.91% 5.50% -
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds -9.02% -6.20% 3.30% 3.63% 4.19% -
Bloomberg U.S. Aggregate Bond Index -9.50% -8.51% 0.38% 1.20% 1.73% -

Fund Expense Ratio :

0.87%

Fund Expense Ratio :

0.87%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -5.57% -1.41% 7.58% 6.12% 6.02% -
Lipper Category Avg. Mixed-Asset Trgt Alloc Con Fds -4.83% 0.03% 5.26% 4.75% 4.72% -
Bloomberg U.S. Aggregate Bond Index -5.93% -4.15% 1.69% 2.14% 2.24% -

Fund Expense Ratio :

0.87%

Year Fund Returns Bloomberg U.S. Aggregate Bond Index
2021 7.85% -1.54%
2020 14.11% 7.51%
2019 16.17% 8.72%
2018 -6.21% 0.01%
2017 9.42% 3.54%
2016 9.68% 2.65%
2015 -3.18% 0.55%
2014 3.70% 5.97%
2013 11.07% -2.02%
2012 13.10% 4.22%
2011 1.29% -
2010 12.93% -
2009 36.36% -
2008 -23.10% -
2007 3.28% -
2006 10.42% -
2005 - -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -5.57% - - - -11.95%
2021 3.30% 2.56% -0.51% 2.32% 7.85%
2020 -13.44% 13.34% 5.14% 10.63% 14.11%
2019 8.44% 2.63% -0.24% 4.64% 16.17%
2018 -0.19% 0.49% 2.94% -9.17% -6.21%
2017 2.94% 1.67% 2.19% 2.30% 9.42%
2016 0.57% 2.96% 4.06% 1.79% 9.68%
2015 2.17% -0.08% -5.22% 0.06% -3.18%
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% -

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 3/31/2022

  • Looking ahead, global markets are still contending with the lingering effects of unplugging Russia from the world commodity markets. Therefore, confidence in the growth outlook is crucial right now for asset allocation. If the markets are more confident that the economy can withstand a hiking cycle, we will see shifts in key macro factors, such as the shape of the yield curve and growth sensitivity.
  • Another key question is if we are late- or mid-cycle, as this has implications for rotations at the sector level, such as housing, financials, and low-end consumer exposure. A conundrum the Fed faces in managing monetary policy is that while nominal wage growth has accelerated, real wages have fallen. This suggests that, notwithstanding low unemployment and elevated job vacancies, workers still do not have enough power to bargain wage gains large enough to improve their standard of living. As a result, the market has priced in some concern that the Fed could cause a recession by tightening monetary policy too aggressively.
  • The Fund has maintained a tilt towards value stocks, which has been beneficial as value has outperformed growth year-to-date. The Fund is also overweight international equity relative to our design. Although international equity stocks have generally lagged relative to domestic, the bulk of our exposure is in international value, which has mostly persevered. An extensive positioning change would be warranted if inflation expectations unexpectedly break meaningfully higher or if the Ukraine conflict escalates into a war with NATO.
Holding Assets
High Yield Fund 16.1%
Focused Large Cap Value Fund 15.1%
Core Fixed Income Fund 14.6%
Inflation Focused Fund 8.7%
International Value Fund 7.8%
Floating Rate Fund 7.3%
Growth Leaders Fund 4.8%
Emerging Markets Bond Fund 4.6%
Fundamental Equity Fund 4.6%
International Equity Fund 4.3%
Durable Growth Fund 4.2%
Mid Cap Stock Fund 3.1%
Growth Opportunities Fund 2.8%
Convertible Fund 0.8%
Focused Small Cap Value Fund 0.4%
Short Duration Income Fund 0.4%
Holding Assets
BOP0005Z7LG LAC FXVANILLAOPTION---202207012.1%
BOP00062CL4 LAC FXVANILLAOPTION---202207292.1%
BOP0005Z97C LAC FXVANILLAOPTION---202207012.1%
BOP00062CGB LAC FXVANILLAOPTION---202207292.1%
IS9836118 LAC EQUITYOPTION---202206301.0%
EURO STOXX BANK Jun221.0%
IS9836119 LAC EQUITYOPTION---202206301.0%
IS9836074 LAC EQUITYOPTION---202205201.0%

Equity Sector Allocation as of 03/31/2022

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 05/20/2022
$0.098
Dividend Frequency
Monthly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
04/28/2022 04/29/2022 04/29/2022 $0.02350 $15.16
03/30/2022 03/31/2022 03/31/2022 $0.03450 $15.95
02/23/2022 02/24/2022 02/24/2022 $0.02290 $15.88
01/27/2022 01/28/2022 01/28/2022 $0.01760 $16.18

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
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 $13.47

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 04/30/2022

0.87%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
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
Commentary
Publish Date:11/03/2015

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