LSYFX | Short Duration High Yield Fund Class F | Lord Abbett
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Short Duration High Yield Fund

Daily price w/o sales charge as of 06/11/2021

$11.05

$0.00

YTD Returns w/o sales charge as of 06/11/2021

3.90%

Click here to view all legal text including risk information

Summary

Summary

What is the Short Duration High Yield Fund?

The Fund’s investment objective is to seek a high current income and the opportunity for capital appreciation to produce a high total return.

 

Yield

Dividend Yield 1 as of 06/11/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.27% 1.93%

30-Day Standardized Yield 2 as of 05/31/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.36% 2.18%

Fund Basicsas of 04/30/2021

Total Net Assets
$16.14 M
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
3.85%
Fund Net Expense Ratio
0.51%
Number of Holdings
491

Fund Expense Ratio :

Gross 3.85%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 3.35% 14.31% - - - 16.38%
Lipper Category Avg. Short High Yield Funds 2.69% 11.34% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD 2.70% 12.46% - - - 15.34%

Fund Expense Ratio :

Gross 3.85%

Net 0.51%

Fund Expense Ratio :

Gross 3.85%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 1.99% - - - - 16.34%
Lipper Category Avg. Short High Yield Funds 1.53% - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD 1.50% - - - - 15.38%

Fund Expense Ratio :

Gross 3.85%

Net 0.51%

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.

RELATED CONTENT

Uncovering Opportunity in a Rebounding U.S. High Yield Market
June 11, 2020

With the broad financial market recovery since late March, U.S. high yield is no longer as dislocated, but the rationale for a strategic allocation to the asset class remains intact in our view.

“Fallen Angels” Gain a Rising Profile in High Yield
June 1, 2020

Bonds downgraded from investment grade to speculative grade historically have outperformed other areas of high yield—but we believe a selective approach to these securities is crucial.

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April 24, 2020

Here, we assess the potential implications for key asset classes of the dramatic plunge in the price of May 2020 West Texas Intermediate crude oil.

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Portfolio Manager

8 Years of Industry Experience

Supported By 64 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 06/11/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.27% 1.93%

30-Day Standardized Yield 2 as of 05/31/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.36% 2.18%

Fund Expense Ratio :

Gross 3.85%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 3.35% 14.31% - - - 16.38%
Lipper Category Avg. Short High Yield Funds 2.69% 11.34% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD 2.70% 12.46% - - - 15.34%

Fund Expense Ratio :

Gross 3.85%

Net 0.51%

Fund Expense Ratio :

Gross 3.85%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 1.99% - - - - 16.34%
Lipper Category Avg. Short High Yield Funds 1.53% - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD 1.50% - - - - 15.38%

Fund Expense Ratio :

Gross 3.85%

Net 0.51%

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 ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD
2020 14.07% 3.85%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 1.99% - - - 3.93%
2020 - - 4.06% 5.40% 14.07%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Corporate
Bank Loans
ABS
Investment Grade Corporate
CMBS
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 04/30/2021

Rating Assets
AA
A
BBB
BB
B
CCC
<CCC
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. 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 portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 12/31/2020

  • One of the Fund’s largest overweights is in the leisure sector, which is largely driven by the Fund’s allocation to regional gaming credits, such as casinos. In our view, the gaming industry has benefitted from strong operating improvements due to drastic cost-cutting including reduced promotional spend, as well as pent-up demand. Our focus on regional gaming has also benefitted from an emphasis on operators who are less reliant on ‘fly-in’ customers and workweek business conferences, both of which are a larger part of the industry in international gaming centers such as Las Vegas. As gaming continued to recover, we began to pivot toward hotel and travel companies. We added to cruise lines, travel agencies, and other travel-related names, including airline operators that we believe are going above and beyond to increase revenue and passenger yields. 
  • We continue to have a broadly constructive view on high yield credit even while acknowledging that today’s valuations are far less dislocated than they were for much of 2020. Management teams have broadly positioned balance sheets to weather any residual economic softness near term through an active new issue market in 2020 while also working to preserve margins. For 2021, we believe outperformance will more likely be driven by sleeves of opportunity within high yield as opposed to broad market moves. We continue to see upside in fallen angels, many of which we believe will regain investment grade status over the coming year or two. Further, while the pandemic has accelerated the secular struggles of segments of the economy, it has produced structural changes with new potential beneficiaries. 

PORTFOLIO DETAILS as of 04/30/2021

Total Net Assets
$16.14 M
Number of Issues
491
Average Coupon
5.55%
Average Maturity
3.22 Years
Average Effective Duration
1.65 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
Ford Motor Co 9.000% 04/22/2025 2.8%
Webster Park CLO Ltd 1.988% 07/20/2030 1.5%
Occidental Petroleum Corp 2.900% 08/15/2024 1.4%
Sprint Corp 7.625% 02/15/2025 1.3%
Voya CLO 2019-1 Ltd 1.734% 04/15/2031 0.9%
CIFC Funding Ltd 0.000% 07/15/2036 0.9%
Netflix Inc 3.625% 06/15/2025 0.9%
Mclaren Finance PLC 5.000% 08/01/2022 0.9%
TransDigm Inc 5.500% 11/15/2027 0.8%
Royal Caribbean Cruises Ltd 9.125% 06/15/2023 0.8%
% of Total Assets 12.2%
Holding Coupon Maturity Assets
Ford Motor Co9.000% 04/22/20252.8%
Webster Park CLO Ltd1.988% 07/20/20301.5%
Occidental Petroleum Corp2.900% 08/15/20241.4%
Sprint Corp7.625% 02/15/20251.3%
Voya CLO 2019-1 Ltd1.734% 04/15/20310.9%
CIFC Funding Ltd0.000% 07/15/20360.9%
Netflix Inc3.625% 06/15/20250.9%
Mclaren Finance PLC5.000% 08/01/20220.9%
TransDigm Inc5.500% 11/15/20270.8%
Royal Caribbean Cruises Ltd9.125% 06/15/20230.8%
Peach Property Finance GmbH4.375% 11/15/20250.8%
HCA Inc7.500% 12/15/20230.8%
Cogent Communications Group Inc4.375% 06/30/20240.8%
Stonegate Pub Co Financing 2019 PLC5.750% 07/31/20250.8%
Freeport-McMoRan Inc4.550% 11/14/20240.7%
Inter Media and Communication SpA4.875% 12/31/20220.7%
OneMain Finance Corp8.875% 06/01/20250.6%
JP Morgan Chase Commercial Mortgage Securities Tru3.965% 03/15/20360.6%
TCW CLO 2017-1A Ltd3.327% 07/29/20290.6%
AMMC CLO 15 Ltd3.584% 01/15/20320.6%
Navient Corp6.750% 06/25/20250.6%
Tenet Healthcare Corp4.625% 09/01/20240.6%
General Electric Co3.514% 06/15/21990.6%
Continental Resources Inc/OK3.800% 06/01/20240.6%
Caesars Entertainment Inc6.250% 07/01/20250.6%
Navient Corp7.250% 01/25/20220.5%
Carnival Corp11.500% 04/01/20230.5%
Western Midstream Operating LP3.950% 06/01/20250.5%
Oceaneering International Inc4.650% 11/15/20240.5%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.5%
MGM Resorts International6.000% 03/15/20230.5%
Grinding Media Inc / Moly-Cop AltaSteel Ltd7.375% 12/15/20230.5%
Macy's Retail Holdings LLC3.625% 06/01/20240.4%
L Brands Inc9.375% 07/01/20250.4%
Tesla Inc5.300% 08/15/20250.4%
Warrior Met Coal Inc8.000% 11/01/20240.4%
Apache Corp4.625% 11/15/20250.4%
OneMain Finance Corp8.250% 10/01/20230.4%
Trinity Industries Inc4.550% 10/01/20240.4%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &6.000% 08/01/20260.4%
Ford Motor Co4.346% 12/08/20260.4%
Starfruit US Holdco LLC2.865% 09/20/20250.4%
Southwestern Energy Co6.450% 01/23/20250.4%
Murphy Oil Corp6.875% 08/15/20240.4%
JPMorgan Chase & Co4.000% 12/31/20990.4%
SkyMiles IP Ltd4.750% 09/16/20270.4%
EQT Corp7.625% 02/01/20250.4%
FirstEnergy Corp2.050% 03/01/20250.4%
Howmet Aerospace Inc6.875% 05/01/20250.4%
Matador Resources Co5.875% 09/15/20260.4%
United Airlines Inc4.375% 04/15/20260.4%
Spirit AeroSystems Inc5.500% 01/15/20250.4%
American Airlines Inc11.750% 07/15/20250.4%
Cleveland-Cliffs Inc9.875% 10/17/20250.4%
Vistra Operations Co LLC5.500% 09/01/20260.4%
TRI Pointe Group Inc / TRI Pointe Homes Inc5.875% 06/15/20240.4%
Buckeye Partners LP6.375% 01/22/20780.3%
DISH DBS Corp5.875% 11/15/20240.3%
Ingevity Corp4.500% 02/01/20260.3%
Air Lease Corp4.650% 12/15/21990.3%
Fortress Transportation and Infrastructure Investo6.500% 10/01/20250.3%
TechnipFMC PLC6.500% 02/01/20260.3%
Royal Caribbean Cruises Ltd11.500% 06/01/20250.3%
Popular Inc6.125% 09/14/20230.3%
Ovintiv Exploration Inc5.625% 07/01/20240.3%
XPO Logistics Inc6.250% 05/01/20250.3%
United States Steel Corp6.250% 03/15/20260.3%
Viking Cruises Ltd6.250% 05/15/20250.3%
Hawaiian Brand Intellectual Property Ltd / Hawaiia5.750% 01/20/20260.3%
Allegheny Technologies Inc7.875% 08/15/20230.3%
CIT Group Inc5.000% 08/01/20230.3%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.3%
Penn National Gaming, Inc.3.385% 10/15/20250.3%
CrownRock LP / CrownRock Finance Inc5.625% 10/15/20250.3%
Occidental Petroleum Corp5.550% 03/15/20260.3%
Taylor Morrison Communities Inc / Taylor Morrison5.875% 04/15/20230.3%
Brinker International Inc5.000% 10/01/20240.3%
California Resources Corp7.125% 02/01/20260.3%
CITGO Petroleum Corp7.000% 06/15/20250.3%
Precision Drilling Corp7.125% 01/15/20260.3%
CCO Holdings LLC / CCO Holdings Capital Corp5.750% 02/15/20260.3%
Centennial Resource Production LLC5.375% 01/15/20260.3%
Forestar Group Inc3.850% 05/15/20260.3%
Buckeye Partners LP4.150% 07/01/20230.3%
Kaiser Aluminum Corp6.500% 05/01/20250.3%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.3%
American Axle & Manufacturing Inc6.250% 04/01/20250.3%
Citigroup Inc3.875% 05/18/21990.3%
CSC Holdings LLC5.250% 06/01/20240.3%
Forterra Finance LLC / FRTA Finance Corp6.500% 07/15/20250.3%
FXI Holdings Inc7.875% 11/01/20240.3%
Uber Technologies Inc8.000% 11/01/20260.3%
Range Resources Corp4.875% 05/15/20250.3%
STL Holding Co LLC7.500% 02/15/20260.3%
American Airlines Group Inc3.750% 03/01/20250.3%
Fluor Corp3.500% 12/15/20240.3%
Fairstone Financial Inc7.875% 07/15/20240.3%
Berry Petroleum Co LLC7.000% 02/15/20260.3%
Travel + Leisure Co5.650% 04/01/20240.3%
Nabors Industries Inc9.000% 02/01/20250.3%
Core & Main Holdings LP8.625% 09/15/20240.3%
Prime Security Services Borrower LLC / Prime Finan5.250% 04/15/20240.3%
Panera Bread Company2.453% 07/18/20220.3%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.3%
Petrobras Global Finance BV5.299% 01/27/20250.3%
VistaJet Malta Finance PLC / XO Management Holding10.500% 06/01/20240.3%
Ball Corp5.250% 07/01/20250.3%
Snap Inc0.750% 08/01/20260.3%
Hawaiian Airlines 2013-1 Class A Pass Through Cert3.900% 01/15/20260.3%
Tronox Inc6.500% 05/01/20250.3%
Netflix Inc5.500% 02/15/20220.3%
CSC Holdings, LLC (Cablevision)2.365% 07/17/20250.3%
DPL Inc4.125% 07/01/20250.3%
MGM Growth Properties Operating Partnership LP / M5.625% 05/01/20240.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
PDC Energy Inc6.125% 09/15/20240.2%
Claros Mortgage Trust Inc.6.000% 08/05/20260.2%
Mattel Inc3.150% 03/15/20230.2%
Park Intermediate Holdings LLC / PK Domestic Prope7.500% 06/01/20250.2%
EPR Properties5.250% 07/15/20230.2%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.2%
Advisor Group, Inc.4.613% 07/31/20260.2%
Boyd Gaming Corporation3.635% 09/15/20230.2%
Ladder Capital Finance Holdings LLC/Ladder Capital5.250% 10/01/20250.2%
TerraForm Power Operating LLC4.250% 01/31/20230.2%
PTC Inc3.625% 02/15/20250.2%
BCP Raptor II LLC4.863% 10/22/20250.2%
Delta Air Lines Inc3.800% 04/19/20230.2%
Century Communities Inc5.875% 07/15/20250.2%
Terraform Global Operating LLC6.125% 03/01/20260.2%
Laredo Petroleum Inc9.500% 01/15/20250.2%
NextEra Energy Operating Partners LP3.875% 10/15/20260.2%
CDW LLC / CDW Finance Corp4.125% 05/01/20250.2%
New Home Co Inc/The7.250% 10/15/20250.2%
Alta Equipment Group Inc5.625% 04/15/20260.2%
Calpine Corp5.250% 06/01/20260.2%
Optiv Sec, Inc.4.250% 02/01/20240.2%
Renaissance Holding Corp.3.363% 05/30/20250.2%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.2%
Talen Energy Supply LLC6.500% 06/01/20250.2%
Triumph Group Inc7.750% 08/15/20250.2%
NEP/NCP Holdco Inc3.363% 10/05/20250.2%
RP Escrow Issuer LLC5.250% 12/15/20250.2%
Melissa & Doug5.435% 06/19/20240.2%
Aircastle Ltd5.250% 08/11/20250.2%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.2%
Miller's Ale House, Inc.4.866% 05/30/20250.2%
Northriver Midstream Finance LP5.625% 02/15/20260.2%
DISH DBS Corp5.875% 07/15/20220.2%
PennyMac Financial Services Inc5.375% 10/15/20250.2%
BEP Ulterra Holdings Inc.5.363% 11/26/20250.2%
Newell Brands Inc4.700% 04/01/20260.2%
ChampionX Corp6.375% 05/01/20260.2%
Drive Chassis Holdco LLC8.438% 04/10/20260.2%
Alliance Data Systems Corp4.750% 12/15/20240.2%
Air Methods Corp8.000% 05/15/20250.2%
Advisor Group Holdings Inc10.750% 08/01/20270.2%
TripAdvisor Inc7.000% 07/15/20250.2%
Univision Communications Inc5.125% 02/15/20250.2%
Ccs-Cmgc Holdings Inc5.613% 10/01/20250.2%
Akumin Inc7.000% 11/01/20250.2%
BFLD 2019-DPLO2.655% 10/15/20340.2%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.2%
Container Store5.750% 01/20/20260.2%
Synovus Financial Corp0.000% -0.2%
Tenneco Inc5.000% 07/15/20260.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
Callon Petroleum Co9.000% 04/01/20250.2%
CCM Merger Inc6.375% 05/01/20260.2%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.2%
ADT Security Corp/The3.500% 07/15/20220.2%
Petroleos Mexicanos4.875% 01/24/20220.2%
Hudbay Minerals Inc4.500% 04/01/20260.2%
Brazos Delaware II, LLC4.114% 05/21/20250.2%
Endeavor Energy Resources LP / EER Finance Inc5.500% 01/30/20260.2%
US Renal Care Inc.5.125% 06/13/20260.2%
FMG Resources August 2006 Pty Ltd5.125% 05/15/20240.2%
Astoria Energy LLC4.500% 12/03/20270.2%
Diamondback Energy Inc2.875% 12/01/20240.2%
Resolute Forest Products Inc4.875% 03/01/20260.2%
Shift4 Payments LLC / Shift4 Payments Finance Sub4.625% 11/01/20260.2%
CWGS Group, LLC (aka Camping World, Inc.)4.695% 11/08/20230.2%
Airbnb Inc0.000% 03/15/20260.2%
Banijay Group US Holding3.860% 02/04/20250.2%
Colorado Buyer, Inc.8.250% 05/01/20250.2%
VeriSign Inc5.250% 04/01/20250.2%
Clark Equipment Co5.875% 06/01/20250.2%
Kuehg Corp4.750% 02/14/20250.2%
Caesars Resort Collection LLC / CRC Finco Inc5.250% 10/15/20250.2%
ESH Hospitality Inc5.250% 05/01/20250.2%
Ally Financial Inc5.750% 11/20/20250.2%
Sensata Technologies BV4.875% 10/15/20230.2%
PGT Innovations Inc6.750% 08/01/20260.2%
Chefs' Warehouse Inc/The1.875% 12/01/20240.2%
Citigroup Inc5.950% 12/31/20990.2%
Brundage-Bone Concrete Pumping Holdings Inc6.000% 02/01/20260.2%
Antero Resources Corp8.375% 07/15/20260.2%
Hillman Group Inc/The6.375% 07/15/20220.2%
USA Compression Partners LP / USA Compression Fina6.875% 04/01/20260.2%
Tapestry Inc4.250% 04/01/20250.2%
HCA Inc5.375% 02/01/20250.2%
PRA Group Inc7.375% 09/01/20250.2%
Nordstrom Inc4.000% 03/15/20270.2%
Sirius XM Radio Inc4.625% 07/15/20240.2%
Goodyear Tire & Rubber Co/The9.500% 05/31/20250.2%
Leslies Poolmart, Inc.3.250% 03/09/20280.2%
Petroleos Mexicanos3.500% 01/30/20230.2%
Downstream Development Authority of the Quapaw Tri10.500% 02/15/20230.2%
LGI Homes Inc6.875% 07/15/20260.2%
Travel Leaders Group, LLC4.113% 01/25/20240.2%
EnerSys5.000% 04/30/20230.2%
Outfront Media Capital LLC / Outfront Media Capita6.250% 06/15/20250.2%
Mohegan Gaming & Entertainment8.000% 02/01/20260.2%
Molina Healthcare Inc5.375% 11/15/20220.2%
Spectacle Gary Holding0.000% 10/17/20240.2%
Great Wolf Trust 2019-WOLF2.048% 12/15/20360.2%
Microchip Technology Inc1.625% 02/15/20250.2%
Nathan's Famous Inc6.625% 11/01/20250.2%
Motion Finco LLc4.220% 10/17/20260.2%
Manitowoc Co Inc/The9.000% 04/01/20260.2%
Newell Brands Inc4.000% 06/15/20220.2%
Western Digital Corp1.500% 02/01/20240.2%
Great Lakes Dredge & Dock Corp.8.000% 05/15/20220.2%
Hadrian Merger Sub Inc8.500% 05/01/20260.2%
Hill-Rom Holdings Inc5.000% 02/15/20250.2%
Grab Holdings Inc5.500% 01/14/20260.2%
Topgolf International, Inc.7.358% 02/09/20260.2%
Service Properties Trust4.650% 03/15/20240.2%
Quality Distribution, Inc.7.286% 08/18/20220.2%
Contura Energy Inc9.000% 06/14/20240.2%
Penske Automotive Group Inc3.500% 09/01/20250.2%
Heartland Dental, LLC3.613% 04/30/20250.2%
H.B. Fuller Company3.465% 10/20/20240.2%
Hayward Acquisition Corp.4.804% 08/05/20240.2%
SM Energy Co5.625% 06/01/20250.2%
Ally Financial Inc4.700% 08/15/21990.2%
Live Nation Entertainment Inc2.000% 02/15/20250.2%
Endo Dac / Endo Finance LLC / Endo Finco Inc6.000% 06/30/20280.2%
Meritor Inc6.250% 06/01/20250.1%
Spring Education Group, Inc.4.453% 07/30/20250.1%
Independence Energy Finance LLC7.250% 05/01/20260.1%
Forestar Group Inc8.000% 04/15/20240.1%
Ultimate Software Group Inc3.863% 05/04/20260.1%
AMC Networks Inc4.750% 08/01/20250.1%
Sabre GLBL Inc9.250% 04/15/20250.1%
Delta Air Lines Inc7.000% 05/01/20250.1%
Teva Pharmaceutical Finance Netherlands III BV2.800% 07/21/20230.1%
Diamond BC BV4.353% 09/06/20240.1%
Fogo De Chao Inc6.191% 04/07/20250.1%
PHH Mortgage Corp7.875% 03/15/20260.1%
Shake Shack Inc0.000% 03/01/20280.1%
Arcor SAIC6.000% 07/06/20230.1%
Nabors Industries Ltd7.250% 01/15/20260.1%
WP CPP Holdings, LLC0.000% 04/30/20250.1%
NCL Corp Ltd3.625% 12/15/20240.1%
NextEra Energy Operating Partners LP4.250% 09/15/20240.1%
Rite Aid Corp8.000% 11/15/20260.1%
Credit Acceptance Corp5.125% 12/31/20240.1%
Pebblebrook Hotel Trust1.750% 12/15/20260.1%
Cinemark USA, Inc.1.870% 03/31/20250.1%
Hertz Corp/The5.500% 10/15/20240.1%
Fair Isaac Corp5.250% 05/15/20260.1%
Range Resources Corp5.000% 03/15/20230.1%
Global Medical Response Inc6.500% 10/01/20250.1%
Wolverine Escrow LLC8.500% 11/15/20240.1%
Elwood Energy LLC8.159% 07/05/20260.1%
Mack-Cali Realty LP4.500% 04/18/20220.1%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.1%
New Gold Inc6.375% 05/15/20250.1%
Sealed Air Corp5.125% 12/01/20240.1%
Diamond Sports Group LLC / Diamond Sports Finance6.625% 08/15/20270.1%
Carnival Corp7.625% 03/01/20260.1%
IRB Holding Corp7.000% 06/15/20250.1%
Navitas Midstream Midland Basin, LLC5.500% 12/13/20240.1%
Mattel Inc3.375% 04/01/20260.1%
Patrick Industries Inc7.500% 10/15/20270.1%
Guidehouse LLP4.113% 05/01/20250.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
Norbord Inc6.250% 04/15/20230.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
MEG Energy Corp7.125% 02/01/20270.1%
NCL Corp Ltd12.250% 05/15/20240.1%
JetBlue Airways Corp6.250% 06/12/20240.1%
fuboTV Inc3.250% 02/15/20260.1%
PDC Energy Inc5.750% 05/15/20260.1%
HubSpot Inc0.375% 06/01/20250.1%
Brookfield Residential Properties, Inc. / Brookfie6.375% 05/15/20250.1%
AMC Entertainment Holdings Inc12.000% 06/15/20260.1%
Helix Gen Funding, LLC4.750% 06/03/20240.1%
Life Time Inc5.750% 01/15/20260.1%
Team Health Holdings Inc6.375% 02/01/20250.1%
Wabash National Corp5.500% 10/01/20250.1%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.1%
JB Poindexter & Co Inc7.125% 04/15/20260.1%
XPO Logistics Inc6.750% 08/15/20240.1%
Solaris Midstream Holdings LLC7.625% 04/01/20260.1%
EmployBridge, LLC5.500% 04/18/20250.1%
HD Supply Inc.3.750% 08/01/20240.1%
Cornerstone OnDemand Inc3.360% 04/22/20270.1%
Chassix Inc6.500% 11/10/20230.1%
Illuminate Buyer LLC3.611% 06/30/20270.1%
AMC Entertainment Holdings4.500% 03/20/20260.1%
Messer Industries USA3.890% 09/28/20250.1%
Landry's Restaurants Inc.4.562% 10/04/20230.1%
Cyxtera DC Holdings, Inc. (fka Colorado Buyer Inc.)4.000% 05/01/20240.1%
Hillenbrand Inc5.750% 06/15/20250.1%
Meritage Homes Corp6.000% 06/01/20250.1%
Boyd Corporation3.613% 09/06/20250.1%
ACProducts Inc7.500% 08/13/20250.1%
Brand Energy & Infrastructure Services, Inc. (fka5.250% 06/21/20240.1%
United PF Holdings LLC4.203% 12/30/20260.1%
Gap Inc/The8.875% 05/15/20270.1%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.1%
Callon Petroleum Co6.250% 04/15/20230.1%
Specialty Building Products Holdings LLC / SBP Fin6.375% 09/30/20260.1%
NEXSTAR BROADCASTING GROUP3.550% 01/17/20240.1%
Legends Hospitality Holding Co LLC / Legends Hospi5.000% 02/01/20260.1%
New Fortress Energy Inc6.750% 09/15/20250.1%
Party City Holdings Inc8.750% 02/15/20260.1%
Guitar Center Inc8.500% 01/15/20260.1%
NIO Inc0.500% 02/01/20270.1%
Performance Food Group Inc5.500% 06/01/20240.1%
World Wrestling Entertainment Inc3.375% 12/15/20230.1%
SM Energy Co6.125% 11/15/20220.1%
Ait Worldwide Logistic H5.500% 03/30/20280.1%
Booking Holdings Inc0.750% 05/01/20250.1%
PetVet Care Centers, LLC2.863% 02/14/20250.1%
Scientific Games International, Inc.8.625% 07/01/20250.1%
Texas Capital Bancshares Inc0.000% -0.1%
Compass Minerals International, Inc.4.875% 07/15/20240.1%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.1%
Fastlane Parent Company, Inc.4.613% 12/19/20250.1%
Weibo Corp1.250% 11/15/20220.1%
INTRAWEST RESORTS HLDGS INC2.863% 07/31/20240.1%
Party City Holdings Inc6.625% 08/01/20260.1%
Murphy Oil Corp5.750% 08/15/20250.1%
ASP Unifrax Holdings Inc3.953% 11/05/20250.1%
National Mentor Holdings Inc4.500% 02/17/20280.1%
WPX Energy Inc8.250% 08/01/20230.1%
Liftoff Mobile Inc4.250% 02/17/20280.1%
Gap Inc/The8.625% 05/15/20250.1%
Transocean Guardian Ltd5.875% 01/15/20240.1%
Boyd Gaming Corp8.625% 06/01/20250.1%
Avolon Holdings Funding Ltd4.250% 04/15/20260.1%
Anastasia Beverly Hills3.953% 08/11/20250.1%
Avolon Holdings Funding Ltd5.500% 01/15/20260.1%
Deliver Buyer, Inc. (aka MHS Holdings, Inc.)5.203% 05/01/20240.1%
Allied Universal Holdco LLC / Allied Universal Fin9.750% 07/15/20270.1%
Granite Holdings US Acquisition4.186% 09/30/20260.1%
MGM Resorts International5.750% 06/15/20250.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Great Wolf Trust 2019-WOLF2.847% 12/15/20360.1%
Sally Holdings LLC / Sally Capital, Inc.8.750% 04/30/20250.1%
Clarios Global LP6.750% 05/15/20250.1%
GCP Applied Technologies Inc5.500% 04/15/20260.1%
Turning Point Brands Inc2.500% 07/15/20240.1%
NMG Holding Co Inc / Neiman Marcus Group LLC7.125% 04/01/20260.1%
ModivCare Inc5.875% 11/15/20250.1%
Buckeye Partners LP3.950% 12/01/20260.1%
Cvent, Inc.3.863% 11/29/20240.1%
Elanco Animal Health Inc5.272% 08/28/20230.1%
Associated Asphalt Partners, LLC6.884% 04/05/20240.1%
Fresh Market Inc/The9.750% 05/01/20230.1%
Select Medical Corp6.250% 08/15/20260.1%
Cardlytics Inc1.000% 09/15/20250.1%
Atlantic Aviation FBO Inc.3.870% 11/30/20250.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.415% 06/15/20320.1%
Navistar International Corp6.625% 11/01/20250.1%
HLF Financing Sarl LLC / Herbalife International I7.250% 08/15/20260.1%
ASURION LLC3.163% 11/03/20240.1%
Intertape Polymer Group Inc7.000% 10/15/20260.1%
Citgo Holding Inc9.250% 08/01/20240.1%
MEG Energy Corp6.500% 01/15/20250.1%
Ritchie Bros Auctioneers Inc5.375% 01/15/20250.1%
Ball Corp5.000% 03/15/20220.1%
Sabre GLBL Inc7.375% 09/01/20250.1%
VeriSign Inc4.625% 05/01/20230.1%
Silgan Holdings Inc4.750% 03/15/20250.1%
Bulldog Purchaser Inc.5.392% 08/22/20250.1%
Scorpio Tankers Inc3.000% 05/15/20250.1%
Shopify Inc0.125% 11/01/20250.1%
Five9 Inc0.500% 06/01/20250.1%
Coty Inc6.500% 04/15/20260.1%
Repligen Corp0.375% 07/15/20240.1%
Robertshaw US Holding Corp. (fka Fox US Bidco Corp5.154% 02/28/20250.1%
Novelis Corp5.875% 09/30/20260.1%
Great Wolf Trust 2019-WOLF1.449% 12/15/20360.1%
Bob's Discount Furniture, LLC6.250% 08/08/20230.1%
Ladder Capital Finance Holdings LLC/Ladder Capital4.250% 02/01/20270.1%
Aramark Intermediate HoldCo Corporation1.863% 03/11/20250.1%
EyeCare Partners LLC3.863% 02/05/20270.1%
United Airlines 2020-1 Class A Pass Through Trust5.875% 10/15/20270.1%
Playa Resorts Holding B.V.3.750% 04/29/20240.1%
NCL Corp Ltd5.875% 03/15/20260.1%
Twitter Inc0.250% 06/15/20240.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp4.250% 05/30/20230.1%
Cinemark USA Inc5.875% 03/15/20260.1%
Enphase Energy Inc0.000% 03/01/20260.1%
American Airlines Group Inc6.500% 07/01/20250.1%
WP CityMD Bidco LLC4.500% 08/13/20260.1%
Carvana Co5.625% 10/01/20250.1%
Ingles Markets Inc5.750% 06/15/20230.1%
Ally Financial Inc3.875% 05/21/20240.1%
Coty Inc5.000% 04/15/20260.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.5.875% 05/15/20250.1%
Shift4 Payments Inc0.000% 12/15/20250.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
Tanger Properties LP3.875% 12/01/20230.1%
Southwest Airlines Co1.250% 05/01/20250.1%
Caesars Resort Collection LLC / CRC Finco Inc5.750% 07/01/20250.1%
WOW! (Wide Open West)4.250% 08/18/20230.1%
CIT Group Inc3.929% 06/19/20240.1%
AI Aqua Merger Sub, Inc.5.025% 12/13/20230.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
ADT Security Corp/The4.125% 06/15/20230.1%
Lennar Corp4.750% 05/30/20250.1%
CPI CG Inc8.625% 03/15/20260.1%
US Acute Care Solutions LLC6.375% 03/01/20260.1%
Turning Point Brands Inc5.625% 02/15/20260.1%
Antero Midstream Partners LP / Antero Midstream Fi7.875% 05/15/20260.1%
Newell Brands Inc4.875% 06/01/20250.1%
Canopy Growth Corp9.500% 03/18/20260.1%
Uber Technologies Inc7.500% 05/15/20250.1%
VICI Properties LP / VICI Note Co Inc3.500% 02/15/20250.1%
Taylor Morrison Communities Inc / Taylor Morrison5.625% 03/01/20240.1%
Vail Resorts Inc6.250% 05/15/20250.1%
Picasso Finance Sub Inc6.125% 06/15/20250.1%
Avient Corp5.750% 05/15/20250.1%
Buckeye Partners LP4.125% 03/01/20250.1%
Dick's Sporting Goods Inc3.250% 04/15/20250.1%
Patrick Industries Inc1.000% 02/01/20230.1%
MGM Resorts International6.750% 05/01/20250.1%
Transocean Proteus Ltd6.250% 12/01/20240.1%
Imperva Inc5.000% 11/20/20250.1%
Peak 10 Holding Corporation3.703% 08/01/20240.1%
Laureate Education Inc8.250% 05/01/20250.1%
Duravant4.000% 07/19/20240.1%
CEC Entertainment LLC6.750% 05/01/20260.1%
Jeld Wen, Inc.3.119% 12/14/20240.1%
White Cap Parent LLC8.250% 03/15/20260.1%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.500% 04/20/20260.1%
Western Midstream Operating LP4.000% 07/01/20220.1%
GLP Capital LP / GLP Financing II Inc5.375% 11/01/20230.1%
Caleres Inc6.250% 08/15/20230.1%
Transocean Sentry Ltd5.375% 05/15/20230.1%
Rattler Midstream LP5.625% 07/15/20250.1%
SSL Robotics LLC9.750% 12/31/20230.1%
Cedar Fair LP / Canada's Wonderland Co / Magnum Ma5.375% 06/01/20240.1%
Colgate Energy Partners III LLC7.750% 02/15/20260.1%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.1%
KKR Industrial Portfolio Trust 2021-KDIP1.365% 12/15/20370.1%
KKR Industrial Portfolio Trust 2021-KDIP1.665% 12/15/20370.1%
KKR Industrial Portfolio Trust 2021-KDIP2.165% 12/15/20370.1%
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC)5.959% 09/25/20240.1%
Itron Inc0.000% 03/15/20260.1%
J.P. Morgan Chase Commercial Mortgage Securities T4.143% 10/05/20310.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
Equinox Holdings Inc.4.918% 03/08/20240.1%
Mohegan Gaming & Entertainment7.875% 10/15/20240.1%
IRB Holding Corp6.750% 02/15/20260.1%
APX Group Inc7.625% 09/01/20230.1%
Sensata Technologies BV5.625% 11/01/20240.1%
OneMain Finance Corp4.000% 09/15/20300.1%
MGM Growth Properties Operating Partnership LP / M4.625% 06/15/20250.1%
Occidental Petroleum Corp4.100% 02/15/20470.1%
Barracuda Networks, Inc.5.122% 02/12/20250.1%
Comstock Resources Inc9.750% 08/15/20260.0%
William Carter Co/The5.500% 05/15/20250.0%
HUB International Ltd7.000% 05/01/20260.0%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.0%
Caesars Entertainment Inc8.125% 07/01/20270.0%
Nabors Industries Inc5.750% 02/01/20250.0%
Gogo Intermediate Holdin0.000% 04/21/20280.0%
Energy Acquisition LP (aka Electrical Components International)4.363% 06/26/20250.0%
CD&R Smokey Buyer Inc6.750% 07/15/20250.0%
Trident TPI Holdings Inc9.250% 08/01/20240.0%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
PetVet Care Centers, LLC4.250% 02/14/20250.0%
Comstock Resources Inc7.500% 05/15/20250.0%
US Renal Care Inc.0.000% 06/26/20260.0%
Motion Finco LLc0.000% 10/17/20260.0%
Precision Drilling Corp7.750% 12/15/20230.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
Hertz Corp/The0.000% 10/15/20220.0%
Spectacle Gary Holding0.000% 11/07/20250.0%
National Mentor Holdings Inc0.000% 02/18/20280.0%
PetVet Care Centers, LLC3.685% 02/14/20250.0%
FX USD/GBP 06/210.000% 06/08/20210.0%
National Mentor Holdings Inc4.500% 02/18/20280.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
US 5YR NOTE (CBT) JUN210.000% 07/06/20210.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Fees & Expenses

Fees & Expenses

Expense Ratioas of 05/31/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
3.85% 0.51%

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Fund Documents

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*Barron’s Overall Fund Family of 2020,” #7 overall ranking among 53 qualifying fund families based on the net total return of the one-year period ending 12/31/2020. Five-year overall ranking is #4 out of 50 qualifying fund families; and 10-year overall ranking is #21 out of 44 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2020,” February 20, 2021. 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, 2020, 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 2021. 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.

+

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

 

IMPORTANT INFORMATION

 

New Fund Risk: The Fund is newly organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investing strategy

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of your investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. 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.

 

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 ICE BofA HY U.S. Corp, Cash Pay, BB-B 1-5 YR USD Index consists of BB-B rated U.S. dollar-denominated corporate bonds publicly issued in the U.S. domestic market with maturities of 1 to 5 years.

Source: ICE Data Indices, LLC. 

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct 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.

 

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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