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 01/15/2021

$10.94

arrowDown$0.01

YTD Returns w/o sales charge as of 01/15/2021

0.68%

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 01/15/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.71% 2.37%

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

  Subsidized3 Un-Subsidized4
w/o sales charge 3.42% 1.60%

Fund Basicsas of 12/31/2020

Total Net Assets
$9.73 M
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
3.85%
Fund Net Expense Ratio
0.51%
Number of Holdings
397

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 - - - - - 14.07%
Lipper Category Avg. Short High Yield Funds - - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD - - - - - 13.67%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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 - - - - - 14.07%
Lipper Category Avg. Short High Yield Funds - - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD - - - - - 13.67%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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

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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

Supported By 65 Investment Professionals with 17 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 01/15/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.71% 2.37%

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

  Subsidized3 Un-Subsidized4
w/o sales charge 3.42% 1.60%

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 - - - - - 14.07%
Lipper Category Avg. Short High Yield Funds - - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD - - - - - 13.67%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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 - - - - - 14.07%
Lipper Category Avg. Short High Yield Funds - - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD - - - - - 13.67%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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.

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Corporate
Bank Loans
Investment Grade Corporate
ABS
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

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 12/31/2020

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 DETAILS as of 12/31/2020

Total Net Assets
$9.73 M
Number of Issues
397
Average Coupon
5.73%
Average Maturity
2.68 Years
Average Effective Duration
1.83 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 3.1%
Sprint Corp. 7.625% 02/15/2025 2.1%
Occidental Petroleum Corp. 2.900% 08/15/2024 1.9%
Voya CLO 2019-1 Ltd 1.787% 04/15/2031 1.5%
Mclaren Finance PLC 5.000% 08/01/2022 1.4%
Peach Property Finance GmbH 4.375% 11/15/2025 1.3%
Cogent Communications Group, Inc. 4.375% 06/30/2024 1.3%
HCA, Inc. 7.500% 12/15/2023 1.3%
Netflix, Inc. 3.625% 06/15/2025 1.1%
Tenet Healthcare Corp. 4.625% 09/01/2024 1.0%
% of Total Assets 16.0%
Holding Coupon Maturity Assets
Ford Motor Co9.000% 04/22/20253.3%
Sprint Corp.7.625% 02/15/20252.1%
Mclaren Finance PLC5.000% 08/01/20221.7%
Cogent Communications Group, Inc.4.375% 06/30/20241.7%
Peach Property Finance GmbH4.375% 11/15/20251.7%
Occidental Petroleum Corp.2.700% 08/15/20221.4%
HCA, Inc.7.500% 12/15/20231.4%
Tenet Healthcare Corp.4.625% 09/01/20241.0%
Netflix, Inc.3.625% 06/15/20251.0%
Freeport-McMoRan, Inc.4.550% 11/14/20240.9%
Carnival Corp.11.500% 04/01/20230.8%
Navient Corp.7.250% 01/25/20220.8%
Omnova Solutions, Inc.4.500% 10/20/20250.8%
Altice France Holding SA10.500% 05/15/20270.8%
Springleaf Finance Corp.8.250% 10/01/20230.7%
Tesla Motors, Inc.5.300% 08/15/20250.7%
Eldorado Resorts, Inc.6.250% 07/01/20250.7%
NextEra Energy Operating Partners LP4.250% 09/15/20240.7%
CIT Group, Inc.5.000% 08/01/20230.7%
MEG Energy Corp.7.000% 03/31/20240.6%
JPMorgan Chase & Co.4.000% 12/31/20990.6%
Springleaf Finance Corp.8.875% 06/01/20250.6%
American Airlines, Inc.11.750% 07/15/20250.6%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.6%
Netflix, Inc.5.500% 02/15/20220.5%
Atlantica Sustainable Infrastructure Jersey Ltd4.000% 07/15/20250.5%
TransDigm, Inc.5.500% 11/15/20270.5%
Hilton Domestic Operating Co, Inc.4.250% 09/01/20240.5%
L Brands, Inc.6.875% 07/01/20250.5%
DISH DBS Corp.5.875% 07/15/20220.5%
TRI Pointe Group Inc / TRI Pointe Homes Inc5.875% 06/15/20240.4%
Warrior Met Coal Inc8.000% 11/01/20240.4%
Coeur Mining, Inc.5.875% 06/01/20240.4%
Occidental Petroleum Corp.2.900% 08/15/20240.4%
Univision Communications, Inc.5.125% 02/15/20250.4%
Parsley Energy LLC5.375% 01/15/20250.4%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.4%
CSC Holdings LLC (Cablevision)2.389% 07/17/20250.4%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.4%
Fairstone Financial Inc7.875% 07/15/20240.4%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &6.000% 08/01/20260.4%
Marriott International, Inc.5.750% 05/01/20250.4%
ADT Corp.3.500% 07/15/20220.4%
Petroleos Mexicanos4.875% 01/24/20220.4%
Laureate Education, Inc.8.250% 05/01/20250.4%
Endeavor Energy Resources L.P.5.500% 01/30/20260.4%
Prime Security Services Borrower LLC / Prime Finan5.250% 04/15/20240.4%
Acrisure LLC / Acrisure Finance Inc8.125% 02/15/20240.4%
Buckeye Partners L.P.4.150% 07/01/20230.4%
VeriSign, Inc.5.250% 04/01/20250.4%
Diamondback Energy, Inc.2.875% 12/01/20240.4%
Sensata Technologies BV4.875% 10/15/20230.4%
Cenovus Energy, Inc.3.800% 09/15/20230.4%
PDC Energy, Inc.6.125% 09/15/20240.4%
ESH Hospitality, Inc.5.250% 05/01/20250.4%
Hillman Group, Inc.6.375% 07/15/20220.4%
Aircastle Ltd.5.250% 08/11/20250.4%
Elwood Energy LLC8.159% 07/05/20260.4%
Mattel, Inc.3.150% 03/15/20230.4%
EnerSys5.000% 04/30/20230.4%
Oceaneering International, Inc.4.650% 11/15/20240.4%
PTC, Inc.3.625% 02/15/20250.4%
DISH DBS Corp.5.875% 11/15/20240.4%
Navient Corp.6.750% 06/25/20250.4%
Beacon Roofing Supply, Inc.4.875% 11/01/20250.4%
Newell Rubbermaid, Inc.4.000% 06/15/20220.3%
Molina Healthcare, Inc.5.375% 11/15/20220.3%
Popular, Inc.6.125% 09/14/20230.3%
TerraForm Power Operating LLC4.250% 01/31/20230.3%
Hill-Rom Holdings, Inc.5.000% 02/15/20250.3%
EPR Properties5.250% 07/15/20230.3%
CDW Corp.4.125% 05/01/20250.3%
XPO Logistics, Inc.6.250% 05/01/20250.3%
FMG Finance Pty Ltd.4.750% 05/15/20220.3%
Great Lakes Dredge & Dock Corp.8.000% 05/15/20220.3%
American Airlines Group, Inc.5.000% 06/01/20220.3%
CSC Holdings LLC5.250% 06/01/20240.3%
Western Gas Partners L.P.3.950% 06/01/20250.3%
JBS USA LLC/JBS USA Finance, Inc.5.750% 06/15/20250.3%
Topgolf International, Inc.7.403% 02/09/20260.3%
Redfin Corp0.000% 10/15/20250.3%
CrownRock L.P./CrownRock Finance, Inc.5.625% 10/15/20250.3%
Forestar Group, Inc.8.000% 04/15/20240.3%
SunPower Corp.4.000% 01/15/20230.3%
PetSmart, Inc.8.875% 06/01/20250.3%
Southwestern Energy Co.6.450% 01/23/20250.3%
AMC Networks, Inc.4.750% 08/01/20250.3%
Chemours Co.7.000% 05/15/20250.3%
Motion Finco LLc3.470% 10/17/20260.3%
Boeing Co.4.875% 05/01/20250.3%
Century Communities, Inc.5.875% 07/15/20250.3%
Apache Corp.4.625% 11/15/20250.3%
Delta Air Lines, Inc.7.000% 05/01/20250.3%
Starfruit US Holdco LLC3.141% 09/20/20250.3%
Park Intermediate Holdings LLC / PK Domestic Prope7.500% 06/01/20250.3%
Continental Resources, Inc.5.000% 09/15/20220.3%
Advisor Group, Inc.5.146% 07/31/20260.3%
Enterprise Development Authority/The12.000% 07/15/20240.3%
Spirit Airlines, Inc.4.750% 05/15/20250.3%
Buena Vista Gaming Authority13.000% 04/01/20230.3%
JetBlue Airways Corp6.250% 06/12/20240.3%
American Axle & Manufacturing, Inc.6.250% 04/01/20250.3%
Mack-Cali Realty L.P.4.500% 04/18/20220.3%
Norbord, Inc.6.250% 04/15/20230.3%
Helix Gen Funding, LLC4.750% 06/03/20240.3%
Las Vegas Sands Corp.2.900% 06/25/20250.3%
Grinding Media, Inc. / MC Grinding Media Canada, I7.375% 12/15/20230.3%
Tronox Finance PLC5.750% 10/01/20250.3%
Adient US LLC7.000% 05/15/20260.3%
Wabash National Corp.5.500% 10/01/20250.3%
Wyndham Worldwide Corp.5.650% 04/01/20240.3%
XPO Logistics, Inc.6.750% 08/15/20240.3%
Nexstar Broadcasting, Inc.2.396% 01/17/20240.3%
JB Poindexter & Co., Inc.7.125% 04/15/20260.3%
Citgo Holding, Inc.9.250% 08/01/20240.3%
NCL Corp. Ltd.12.250% 05/15/20240.3%
Tenneco, Inc.5.000% 07/15/20260.3%
Seven Generations Energy Ltd.6.750% 05/01/20230.3%
Clearway Energy Operating LLC5.750% 10/15/20250.3%
Meritage Homes Corp.6.000% 06/01/20250.3%
Terraform Global Operating LLC6.125% 03/01/20260.3%
Playtika Holding Corp7.000% 12/03/20240.3%
Itron, Inc.5.000% 01/15/20260.3%
Hillenbrand Inc.5.750% 06/15/20250.3%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.3%
Cheniere Energy Partners LP5.250% 10/01/20250.3%
Diamond BC BV3.214% 09/06/20240.3%
Kaiser Aluminum Corp.6.500% 05/01/20250.3%
Kuehg Corp4.750% 02/14/20250.3%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.3%
ChampionX Corp6.375% 05/01/20260.3%
Tempo Acquisition LLC / Tempo Acquisition Finance6.750% 06/01/20250.3%
Container Store6.948% 09/14/20230.3%
Veoneer Inc4.000% 06/01/20240.3%
US Renal Care Inc.5.146% 06/13/20260.3%
LTF Merger Sub, Inc.8.500% 06/15/20230.3%
Chassix Inc6.503% 11/10/20230.2%
Core & Main Holdings LP8.625% 09/15/20240.2%
AES Corp.5.500% 04/15/20250.2%
Performance Food Group, Inc.5.500% 06/01/20240.2%
Portfolio Recovery Associates, Inc.7.375% 09/01/20250.2%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.2%
Penske Automotive Group, Inc.3.500% 09/01/20250.2%
Texas Capital Bancshares, Inc.0.000% -0.2%
Caesars Resort Collection LLC / CRC Finco Inc5.250% 10/15/20250.2%
VistaJet Malta Finance PLC / XO Management Holding10.500% 06/01/20240.2%
Calpine Corporation3.656% 01/15/20240.2%
PennyMac Financial Services Inc5.375% 10/15/20250.2%
Compass Minerals International, Inc.4.875% 07/15/20240.2%
Scientific Games International, Inc.8.625% 07/01/20250.2%
Boyd Gaming Corporation2.345% 09/15/20230.2%
Cliffs Natural Resources, Inc.9.875% 10/17/20250.2%
SSL Robotics LLC9.750% 12/31/20230.2%
Indigo Natural Resources LLC6.875% 02/15/20260.2%
Daseke Companies, Inc.6.783% 02/27/20240.2%
Fastlane Parent Company, Inc.4.646% 12/19/20250.2%
Ball Corp.5.250% 07/01/20250.2%
WPX Energy, Inc.8.250% 08/01/20230.2%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.2%
INTRAWEST RESORTS HLDGS INC2.896% 07/31/20240.2%
Boyd Gaming Corp.8.625% 06/01/20250.2%
Weibo Corp.1.250% 11/15/20220.2%
Taylor Morrison Communities Inc / Taylor Morrison5.875% 04/15/20230.2%
Deliver Buyer, Inc. (aka MHS Holdings, Inc.)5.220% 05/01/20240.2%
Sirius XM Radio, Inc.4.625% 07/15/20240.2%
Quality Distribution, Inc6.500% 08/18/20220.2%
Sally Holdings LLC / Sally Capital, Inc.8.750% 04/30/20250.2%
STL Holding Co LLC7.500% 02/15/20260.2%
Gap, Inc.8.625% 05/15/20250.2%
Targa Resources Partners L.P.5.125% 02/01/20250.2%
Granite Holdings US Acquisition7.067% 09/25/20260.2%
Rite Aid Corp.8.000% 11/15/20260.2%
Chesapeake Energy Corp.6.500% 10/01/20250.2%
Brinker International, Inc.5.000% 10/01/20240.2%
GCP Applied Technologies, Inc.5.500% 04/15/20260.2%
Elanco Animal Health Inc5.272% 08/28/20230.2%
Weight Watchers International, Inc.8.625% 12/01/20250.2%
Select Medical Corp.6.250% 08/15/20260.2%
Ccs-Cmgc Holdings Inc5.718% 10/01/20250.2%
Clarios Global LP6.750% 05/15/20250.2%
Intertape Polymer Group Inc7.000% 10/15/20260.2%
Bombardier, Inc.8.750% 12/01/20210.2%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.000% 12/01/20240.2%
Atlantic Aviation FBO Inc.3.900% 11/30/20250.2%
ASURION LLC3.163% 11/03/20240.2%
Ball Corp.5.000% 03/15/20220.2%
Navistar International Corp.6.625% 11/01/20250.2%
Ritchie Bros Auctioneers, Inc.5.375% 01/15/20250.2%
TransDigm, Inc.6.500% 07/15/20240.2%
MEDNAX, Inc.5.250% 12/01/20230.2%
Silgan Holdings, Inc.4.750% 03/15/20250.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.441% 06/15/20320.2%
Landry's Restaurants Inc.4.660% 10/04/20230.2%
ACProducts Inc7.500% 08/13/20250.2%
Chefs' Warehouse, Inc.1.875% 12/01/20240.2%
MGM Resorts International6.000% 03/15/20230.2%
PetSmart, Inc.7.125% 03/15/20230.2%
Penn National Gaming, Inc.3.000% 10/15/20250.2%
United Airlines 2020-1 Class A Pass Through Trust5.875% 10/15/20270.2%
United PF Holdings LLC4.220% 12/30/20260.2%
Fresh Market, Inc.9.750% 05/01/20230.2%
Novelis Corp.5.875% 09/30/20260.2%
Tronox Inc6.500% 04/15/20260.2%
WP CityMD Bidco LLC5.500% 08/06/20260.2%
New Home Co, Inc./The7.250% 10/15/20250.2%
TopBuild Corp.5.625% 05/01/20260.2%
Insmed, Inc.1.750% 01/15/20250.2%
Melissa & Doug5.435% 06/19/20240.2%
Ingles Markets, Inc.5.750% 06/15/20230.2%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.2%
NEP/NCP Holdco Inc3.396% 10/05/20250.2%
Scorpio Tankers, Inc.3.000% 05/15/20220.2%
Seven Generations Energy Ltd.5.375% 09/30/20250.2%
Ally Financial, Inc.3.875% 05/21/20240.2%
Great Wolf Trust 2019-WOLF1.475% 12/15/20360.2%
Buckeye Partners L.P.6.375% 01/22/20780.2%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.2%
Wynn Las Vegas LLC4.250% 05/30/20230.2%
Caesars Resort Collection LLC / CRC Finco Inc5.750% 07/01/20250.2%
MGM Growth Properties Operating Partnership LP / M5.625% 05/01/20240.2%
ADT Corp.4.125% 06/15/20230.2%
CIT Group, Inc.3.929% 06/19/20240.2%
Teva Pharmaceutical Finance Netherlands III BV2.800% 07/21/20230.2%
WOW! (Wide Open West)4.250% 08/18/20230.2%
AI Aqua Merger Sub, Inc.4.250% 12/13/20230.2%
Spectacle Gary Holdings, LLC11.000% 10/17/20240.2%
Lennar Corp.4.750% 05/30/20250.2%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.5.875% 05/15/20250.2%
Centennial Resource Production LLC8.000% 06/01/20250.2%
Guidehouse LLP4.646% 05/01/20250.2%
Shift4 Payments LLC / Shift4 Payments Finance Sub4.625% 11/01/20260.2%
Newell Rubbermaid, Inc.4.875% 06/01/20250.2%
Royal Caribbean Cruises Ltd.9.125% 06/15/20230.2%
Brand Energy & Infrastructure Services, Inc. (fka5.250% 06/21/20240.2%
Tanger Properties L.P.3.875% 12/01/20230.2%
VICI Properties LP / VICI Note Co Inc3.500% 02/15/20250.2%
WEX, Inc.4.750% 02/01/20230.2%
Arcor6.000% 07/06/20230.2%
Delta Air Lines, Inc.3.800% 04/19/20230.2%
Taylor Morrison Communities Inc / Taylor Morrison5.625% 03/01/20240.2%
Drive Chassis Holdco LLC8.474% 04/10/20260.2%
New Fortress Energy Inc6.750% 09/15/20250.2%
Vail Resorts, Inc.6.250% 05/15/20250.2%
Citigroup, Inc.5.950% 12/31/20990.2%
Coach, Inc.4.250% 04/01/20250.2%
PolyOne Corp.5.750% 05/15/20250.2%
Uber Technologies Inc7.500% 05/15/20250.2%
Expedia, Inc.6.250% 05/01/20250.2%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.2%
Avis Budget Car Rental LLC / Avis Budget Finance,6.375% 04/01/20240.2%
PetVet Care Centers, LLC2.896% 02/14/20250.2%
Antero Midstream Partners L.P. / Antero Midstream7.875% 05/15/20260.2%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.2%
HD Supply Inc.3.750% 08/01/20240.2%
Imperva Inc5.000% 11/20/20250.2%
MGM Resorts International6.750% 05/01/20250.2%
Diamond Sports Group LLC / Diamond Sports Finance6.625% 08/15/20270.2%
Duravant4.000% 07/19/20240.2%
Range Resources Corp.5.000% 03/15/20230.2%
Leslies Poolmart, Inc.5.250% 08/09/20230.2%
LGI Homes, Inc.6.875% 07/15/20260.2%
Viking Cruises Ltd.13.000% 05/15/20250.2%
Jeld Wen, Inc.2.146% 12/14/20240.2%
EQT Corp.7.875% 02/01/20250.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Heartland Dental Care, LLC3.646% 04/30/20250.2%
Navitas Midstream Midland Basin, LLC5.500% 12/13/20240.2%
Credit Acceptance Corp.5.125% 12/31/20240.2%
Canopy Growth Corp4.250% 07/15/20230.2%
Akumin Inc7.000% 11/01/20250.2%
Western Gas Partners L.P.4.000% 07/01/20220.2%
Nissan Motor Acceptance Corp.2.800% 01/13/20220.1%
Sealed Air Corp.5.125% 12/01/20240.1%
Caleres, Inc.6.250% 08/15/20230.1%
Avis Budget Car Rental LLC / Avis Budget Finance,5.250% 03/15/20250.1%
Ingram Micro, Inc.5.450% 12/15/20240.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Hayward Acquisition Corp.3.646% 08/05/20240.1%
Sabre GLBL, Inc.7.375% 09/01/20250.1%
NCL Corp. Ltd.3.625% 12/15/20240.1%
GLP Capital L.P. / GLP Financing II, Inc.5.375% 11/01/20230.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Tennant Co.5.625% 05/01/20250.1%
Patrick Industries, Inc.1.000% 02/01/20230.1%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.1%
Cedar Fair L.P.5.375% 06/01/20240.1%
Fair Isaac Corp.5.250% 05/15/20260.1%
Citgo Petroleum Corp.7.000% 06/15/20250.1%
General Electric Co.5.000% 12/31/20990.1%
Comstock Resources, Inc.7.500% 05/15/20250.1%
Cinemark USA, Inc.5.125% 12/15/20220.1%
Apex Tool Group LLC / BC Mountain Finance Inc9.000% 02/15/20230.1%
Forterra Finance LLC / FRTA Finance Corp6.500% 07/15/20250.1%
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC)6.060% 09/25/20240.1%
Banijay Group US Holding3.888% 02/04/20250.1%
Simmons Foods, Inc.7.750% 01/15/20240.1%
Bob's Discount Furniture, LLC6.250% 08/08/20230.1%
H.B. Fuller Company2.147% 10/20/20240.1%
APX Group, Inc.7.625% 09/01/20230.1%
Midas Intermediate Holdco II LLC / Midas Intermedi7.875% 10/01/20220.1%
IRB Holding Corp6.750% 02/15/20260.1%
Gap, Inc.8.875% 05/15/20270.1%
Hadrian Merger Sub Inc8.500% 05/01/20260.1%
Wynn Las Vegas LLC5.250% 05/15/20270.1%
Claros Mortgage Trust Inc.4.452% 08/05/20260.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
Sensata Technologies BV5.625% 11/01/20240.1%
Ultimate Software Group Inc3.896% 05/04/20260.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.1%
CWGS Group, LLC (aka Camping World, Inc.)3.500% 11/08/20230.1%
Alliance Data Systems, Inc.4.750% 12/15/20240.1%
Renaissance Holding Corp.3.396% 05/30/20250.1%
BCP Raptor II LLC4.896% 10/22/20250.1%
Matador Resources Co.5.875% 09/15/20260.1%
Clark Equipment Co5.875% 06/01/20250.1%
Mattel, Inc.6.750% 12/31/20250.1%
MGM Growth Properties Operating Partnership LP / M4.625% 06/15/20250.1%
SL Green Realty Corp.4.500% 12/01/20220.1%
Truck Hero Inc8.500% 04/21/20240.1%
Boyne USA Inc7.250% 05/01/20250.1%
Specialty Building Products Holdings LLC / SBP Fin6.375% 09/30/20260.1%
Barracuda Networks, Inc.5.168% 02/12/20250.1%
Carvana Co5.625% 10/01/20250.1%
Rain CII Carbon LLC7.250% 04/01/20250.1%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Coty, Inc.6.500% 04/15/20260.1%
Brazos Delaware II, LLC4.146% 05/21/20250.1%
Lyft Inc1.500% 05/15/20250.1%
Providence Service Corp.5.875% 11/15/20250.1%
William Carter Co.5.500% 05/15/20250.1%
Southwest Airlines Co.1.250% 05/01/20250.1%
CCM Merger, Inc.6.375% 05/01/20260.1%
Hub International Ltd.7.000% 05/01/20260.1%
Huazhu Group Ltd0.375% 11/01/20220.1%
IIP Operating Partnership LP3.750% 02/21/20240.1%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.1%
Robertshaw US Holding Corp. (fka Fox US Bidco Corp5.273% 02/28/20250.1%
TMS International Corp.7.250% 08/15/20250.1%
FXI Holdings Inc7.875% 11/01/20240.1%
Murphy Oil Corp.6.875% 08/15/20240.1%
Live Nation Entertainment, Inc.2.000% 02/15/20250.1%
Wayfair, Inc.0.625% 10/01/20250.1%
Eldorado Resorts, Inc.8.125% 07/01/20270.1%
Spring Education Group, Inc.4.470% 07/30/20250.1%
CD&R Smokey Buyer Inc6.750% 07/15/20250.1%
Trident TPI Holdings Inc9.250% 08/01/20240.1%
Boyd Corporation3.646% 09/06/20250.1%
Energy Acquisition LP (aka Electrical Components International)4.396% 06/26/20250.1%
Rattler Midstream LP5.625% 07/15/20250.1%
New Gold, Inc.6.375% 05/15/20250.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
Continental Resources, Inc.4.500% 04/15/20230.1%
PBF Finance Corp.9.250% 05/15/20250.1%
DPL, Inc.4.125% 07/01/20250.1%
Solera Finance, Inc.10.500% 03/01/20240.1%
Carnival Corp.7.625% 03/01/20260.1%
MPT Operating Partnership L.P.6.375% 03/01/20240.1%
IRB Holding Corp7.000% 06/15/20250.1%
Picasso Finance Sub Inc6.125% 06/15/20250.1%
GameStop Corp.6.750% 03/15/20210.1%
EQT Corp.3.000% 10/01/20220.1%
Hertz Corp.5.500% 10/15/20240.1%
SM Energy Co.6.125% 11/15/20220.0%
Hertz Corp.6.000% 01/15/20280.0%
Reynolds Group Issuer, Inc.5.125% 07/15/20230.0%
GameStop Corp.6.750% 03/15/20210.0%
Range Resources Corp.4.875% 05/15/20250.0%
PetVet Care Centers, LLC3.685% 02/14/20250.0%
Motion Finco LLc3.470% 10/17/20260.0%
Spectacle Gary Holding11.000% 11/07/20250.0%
Hertz Corp.0.000% 10/15/20220.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/CAD 01/210.000% 01/20/20210.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/GBP 12/200.000% 12/08/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/EUR 12/200.000% 12/04/20200.0%

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 12/31/2020

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

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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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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