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

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Short Duration High Yield Fund

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Daily price w/o sales charge as of 05/23/2022

$9.86

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YTD Returns w/o sales charge as of 05/23/2022

-6.14%

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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 05/23/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.04% 4.64%

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

  Subsidized3 Un-Subsidized4
w/o sales charge 5.61% 4.59%

Fund Basicsas of 03/31/2022

Total Net Assets
$24.38 M
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.91%
Fund Net Expense Ratio
0.51%
Number of Holdings
449

Fund Expense Ratio :

Gross 1.91%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -4.04% -1.29% - - - 7.59%
Lipper Category Avg. Short High Yield Funds -3.17% -1.22% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD -4.14% -1.79% - - - 6.90%

Fund Expense Ratio :

Gross 1.91%

Net 0.51%

Fund Expense Ratio :

Gross 1.91%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -2.06% 1.56% - - - 9.09%
Lipper Category Avg. Short High Yield Funds -1.70% 0.98% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD -2.27% 0.97% - - - 8.29%

Fund Expense Ratio :

Gross 1.91%

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

A Powerful Trend That Could Support U.S. High Yield in 2022
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We expect a surge in “rising stars”—upgrades of U.S. debt issues from high yield to investment grade—over the next two years.

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

20 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director, Deputy Director of Leveraged Credit

13 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Portfolio Manager

11 Years of Industry Experience

Supported By 71 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 05/23/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.04% 4.64%

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

  Subsidized3 Un-Subsidized4
w/o sales charge 5.61% 4.59%

Fund Expense Ratio :

Gross 1.91%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -4.04% -1.29% - - - 7.59%
Lipper Category Avg. Short High Yield Funds -3.17% -1.22% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD -4.14% -1.79% - - - 6.90%

Fund Expense Ratio :

Gross 1.91%

Net 0.51%

Fund Expense Ratio :

Gross 1.91%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -2.06% 1.56% - - - 9.09%
Lipper Category Avg. Short High Yield Funds -1.70% 0.98% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD -2.27% 0.97% - - - 8.29%

Fund Expense Ratio :

Gross 1.91%

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
2021 5.75% 4.87%
2020 14.07% 3.85%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -2.06% - - - -6.14%
2021 1.99% 2.07% 0.77% 0.81% 5.75%
2020 - - 4.06% 5.40% 14.07%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Corporate
Bank Loans
CLO
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 03/31/2022

Rating Assets
AA
A
BBB
BB
B
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 03/31/2022

Total Net Assets
$24.38 M
Number of Issues
449
Average Coupon
5.76%
Average Maturity
4.19 Years
Average Effective Duration
2.15 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
Occidental Petroleum Corp 5.550% 03/15/2026 1.6%
TransDigm Inc 5.500% 11/15/2027 1.4%
Neuberger Berman Loan Advisers CLO 36 Ltd 7.004% 04/20/2033 1.4%
CARLYLE US CLO 2019-3 LTD 3.454% 10/20/2032 1.0%
AMMC CLO 24 Ltd 6.824% 01/20/2035 1.0%
CARLYLE US CLO 2021-4 LTD 6.854% 04/20/2034 1.0%
Ford Motor Co 4.346% 12/08/2026 1.0%
Welltec International ApS 8.250% 10/15/2026 0.9%
Ford Motor Co 6.625% 10/01/2028 0.9%
CA Magnum Holdings 5.375% 10/31/2026 0.8%
% of Total Assets 11.0%
Holding Coupon Maturity Assets
Occidental Petroleum Corp5.550% 03/15/20261.6%
TransDigm Inc5.500% 11/15/20271.4%
Neuberger Berman Loan Advisers CLO 36 Ltd7.004% 04/20/20331.4%
CARLYLE US CLO 2019-3 LTD3.454% 10/20/20321.0%
AMMC CLO 24 Ltd6.824% 01/20/20351.0%
CARLYLE US CLO 2021-4 LTD6.854% 04/20/20341.0%
Ford Motor Co4.346% 12/08/20261.0%
Welltec International ApS8.250% 10/15/20260.9%
Ford Motor Co6.625% 10/01/20280.9%
CA Magnum Holdings5.375% 10/31/20260.8%
American Airlines Inc11.750% 07/15/20250.8%
Turkiye Petrol Rafinerileri AS4.500% 10/18/20240.8%
HCA Inc5.375% 09/01/20260.8%
Virgin Media Vendor Financing Notes IV DAC5.000% 07/15/20280.8%
Ford Motor Credit Co LLC3.815% 11/02/20270.8%
Tianqi Finco Co Ltd3.750% 11/28/20220.8%
Vedanta Resources Ltd6.125% 08/09/20240.7%
Laredo Petroleum Inc9.500% 01/15/20250.7%
Kraft Heinz Foods Co3.875% 05/15/20270.6%
Sprint Corp7.625% 02/15/20250.6%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.250% 03/15/20260.6%
Centennial Resource Production LLC5.375% 01/15/20260.6%
Royal Caribbean Cruises Ltd5.375% 07/15/20270.6%
Tenet Healthcare Corp4.875% 01/01/20260.6%
Crescent Energy Finance LLC7.250% 05/01/20260.6%
PBF Holding Co LLC / PBF Finance Corp9.250% 05/15/20250.6%
Matador Resources Co5.875% 09/15/20260.5%
Kane Bidco Ltd6.500% 02/15/20270.5%
Centene Corp2.450% 07/15/20280.5%
MEG Energy Corp7.125% 02/01/20270.5%
Canary Wharf Group Investment Holdings PLC3.375% 04/23/20280.5%
Oasis Petroleum Inc6.375% 06/01/20260.5%
Navient Corp6.750% 06/25/20250.5%
Virgin Media Vendor Financing Notes III DAC4.875% 07/15/20280.5%
Pinewood Finance Co Ltd3.625% 11/15/20270.5%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.5%
Sprint Capital Corp6.875% 11/15/20280.5%
Nexstar Media Inc5.625% 07/15/20270.5%
CCO Holdings LLC / CCO Holdings Capital Corp5.375% 06/01/20290.5%
California Resources Corp7.125% 02/01/20260.5%
PDC Energy Inc5.750% 05/15/20260.5%
Western Midstream Operating LP3.950% 06/01/20250.5%
PLT VII Finance Sarl4.625% 01/05/20260.5%
PeopleCert Wisdom Issuer PLC5.750% 09/15/20260.5%
Sirius XM Radio Inc3.125% 09/01/20260.4%
Kernel Holding SA6.500% 10/17/20240.4%
SM Energy Co5.625% 06/01/20250.4%
Vivion Investments Sarl3.000% 08/08/20240.4%
Civitas Resources Inc5.000% 10/15/20260.4%
Advisor Group Holdings Inc10.750% 08/01/20270.4%
Loxam SAS2.875% 04/15/20260.4%
CHS/Community Health Systems Inc5.625% 03/15/20270.4%
Cullinan Holdco Scsp4.625% 10/15/20260.4%
Service Properties Trust4.350% 10/01/20240.4%
Forestar Group Inc3.850% 05/15/20260.4%
Oceaneering International Inc4.650% 11/15/20240.4%
VICI Properties LP / VICI Note Co Inc3.500% 02/15/20250.4%
Signa Development Finance SCS5.500% 07/23/20260.4%
JP Morgan Chase Commercial Mortgage Securities Trust 2021-14404.247% 03/15/20360.4%
Weatherford International Ltd11.000% 12/01/20240.4%
OneMain Finance Corp8.875% 06/01/20250.4%
Petroleos Mexicanos6.875% 08/04/20260.4%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.4%
Novelis Corp3.250% 11/15/20260.4%
General Electric Co4.156% 06/15/21700.4%
United States Steel Corp5.000% 11/01/20260.4%
Tap Rock Resources LLC7.000% 10/01/20260.4%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.4%
Howmet Aerospace Inc6.875% 05/01/20250.4%
Caesars Entertainment Inc6.250% 07/01/20250.4%
TechnipFMC PLC6.500% 02/01/20260.4%
Berry Petroleum Co LLC7.000% 02/15/20260.4%
Chassix Inc6.500% 11/15/20230.4%
Callon Petroleum Co6.375% 07/01/20260.3%
Precision Drilling Corp7.125% 01/15/20260.3%
Clear Channel Outdoor Holdings Inc5.125% 08/15/20270.3%
Hudbay Minerals Inc4.500% 04/01/20260.3%
Travel + Leisure Co6.625% 07/31/20260.3%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.3%
Natural Resource Partners LP / NRP Finance Corp9.125% 06/30/20250.3%
Starwood Property Trust Inc3.750% 12/31/20240.3%
Acadia Healthcare Co Inc5.500% 07/01/20280.3%
MND Holdings III Corp4.506% 06/19/20240.3%
Block Inc2.750% 06/01/20260.3%
Blackstone Mortgage Trust Inc3.750% 01/15/20270.3%
Sprint Corp7.625% 03/01/20260.3%
Range Resources Corp4.875% 05/15/20250.3%
DISH DBS Corp7.750% 07/01/20260.3%
Staples Inc7.500% 04/15/20260.3%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.3%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.3%
EQT Corp6.625% 02/01/20250.3%
Energy Transfer LP6.500% 11/15/21700.3%
Colgate Energy Partners III LLC7.750% 02/15/20260.3%
MGM Resorts International5.500% 04/15/20270.3%
SBA Communications Corp3.875% 02/15/20270.3%
HCA Inc3.125% 03/15/20270.3%
Freeport-McMoRan Inc4.550% 11/14/20240.3%
Sensata Technologies BV5.000% 10/01/20250.3%
Guitar Center Inc8.500% 01/15/20260.3%
Goldman Sachs Group Inc/The4.125% 05/10/21700.3%
Buckeye Partners LP6.375% 01/22/20780.3%
American Airlines Group Inc3.750% 03/01/20250.3%
Brundage-Bone Concrete Pumping Holdings Inc6.000% 02/01/20260.3%
Northriver Midstream Finance LP5.625% 02/15/20260.3%
Hecla Mining Co7.250% 02/15/20280.3%
PennyMac Financial Services Inc5.375% 10/15/20250.3%
Radiate Holdco LLC / Radiate Finance Inc4.500% 09/15/20260.3%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.3%
Manitowoc Co Inc/The9.000% 04/01/20260.3%
CITGO Petroleum Corp7.000% 06/15/20250.3%
Pioneer Natural Resources Co0.250% 05/15/20250.3%
Radian Group Inc4.875% 03/15/20270.3%
Jefferson Capital Holdings LLC6.000% 08/15/20260.3%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.3%
United Airlines Inc4.375% 04/15/20260.3%
AMC Entertainment Holdings Inc12.000% 06/15/20260.3%
Trinity Industries Inc4.550% 10/01/20240.3%
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp6.000% 08/01/20260.3%
Starwood Property Trust Inc4.375% 01/15/20270.3%
OneMain Finance Corp8.250% 10/01/20230.3%
Antero Resources Corp4.250% 09/01/20260.3%
Royal Caribbean Cruises Ltd5.500% 04/01/20280.3%
Air Methods Corp8.000% 05/15/20250.3%
Navient Corp6.750% 06/15/20260.3%
Gulfport Energy Corp8.000% 05/17/20260.3%
USA Compression Partners LP / USA Compression Finance Corp6.875% 04/01/20260.3%
Helix Gen Funding LLC4.750% 06/03/20240.3%
Prime Security Services Borrower LLC / Prime Finance Inc5.750% 04/15/20260.3%
FXI Holdings Inc7.875% 11/01/20240.2%
TerraForm Power Operating LLC5.000% 01/31/20280.2%
Magenta Buyer LLC5.750% 07/27/20280.2%
Royal Caribbean Cruises Ltd9.125% 06/15/20230.2%
MGM Resorts International4.750% 10/15/20280.2%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp5.250% 10/01/20250.2%
Bombardier Inc7.125% 06/15/20260.2%
DIRECT CHASSISLINK INC6.988% 04/10/20260.2%
Alta Equipment Group Inc5.625% 04/15/20260.2%
Marriott Ownership Resorts Inc4.750% 01/15/20280.2%
Antero Midstream Partners LP / Antero Midstream Finance Corp7.875% 05/15/20260.2%
BEP Ulterra Holdings Inc5.707% 11/26/20250.2%
Coronado Finance Pty Ltd10.750% 05/15/20260.2%
H&E Equipment Services Inc3.875% 12/15/20280.2%
Nabors Industries Ltd7.250% 01/15/20260.2%
Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.2%
ModivCare Inc5.875% 11/15/20250.2%
Hertz Corp/The4.625% 12/01/20260.2%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.2%
City Football Group Ltd4.000% 07/21/20280.2%
Fly Leasing Ltd7.000% 10/15/20240.2%
Edelman Financial Engines Center LLC/The4.250% 04/07/20280.2%
Affinity Gaming6.875% 12/15/20270.2%
Molina Healthcare Inc4.375% 06/15/20280.2%
Fortress Transportation and Infrastructure Investors LLC6.500% 10/01/20250.2%
Gray Television Inc7.000% 05/15/20270.2%
Plains All American Pipeline LP6.125% 11/15/21700.2%
TRI Pointe Group Inc / TRI Pointe Homes Inc5.875% 06/15/20240.2%
Full House Resorts Inc8.250% 02/15/20280.2%
Aircastle Ltd5.250% 09/15/21700.2%
Sealed Air Corp5.500% 09/15/20250.2%
Penn Virginia Holdings LLC9.250% 08/15/20260.2%
Kestrel Acquisition LLC5.250% 06/02/20250.2%
Outfront Media Capital LLC / Outfront Media Capital Corp6.250% 06/15/20250.2%
EXTERRAN ENERGY SOLUTIONS LP /8.125% 05/01/20250.2%
Ingevity Corp4.500% 02/01/20260.2%
Chesapeake Energy Corp5.500% 02/01/20260.2%
Alliance Resource Operating Partners LP / Alliance Resource Finance Corp7.500% 05/01/20250.2%
New Home Co Inc/The7.250% 10/15/20250.2%
LSB Industries Inc6.250% 10/15/20280.2%
US 5YR NOTE (CBT) Jun220.000% 07/06/20220.2%
DISH DBS Corp5.875% 11/15/20240.2%
Alliance Data Systems Corp7.000% 01/15/20260.2%
IIP Operating Partnership LP5.500% 05/25/20260.2%
Warrior Met Coal Inc7.875% 12/01/20280.2%
VUE INTERNATIONAL BIDCO PLC4.750% 07/03/20260.2%
Lithia Motors Inc4.625% 12/15/20270.2%
1011778 BC ULC / New Red Finance Inc3.500% 02/15/20290.2%
Penske Automotive Group Inc3.500% 09/01/20250.2%
Science Applications International Corp4.875% 04/01/20280.2%
CrownRock LP / CrownRock Finance Inc5.625% 10/15/20250.2%
Sylvamo Corp0.000% 08/18/20280.2%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.2%
Specialty Building Products Holdings LLC / SBP Finance Corp6.375% 09/30/20260.2%
Nascar Holdings LLC2.957% 10/19/20260.2%
NEP Group Inc7.457% 10/19/20260.2%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.2%
Miller's Ale House Inc5.205% 05/30/20250.2%
Hadrian Merger Sub Inc8.500% 05/01/20260.2%
Calpine Corp5.125% 03/15/20280.2%
Brand Industrial Services Inc8.500% 07/15/20250.2%
Peabody Energy Corp3.197% 03/31/20250.2%
T-Mobile USA Inc2.250% 02/15/20260.2%
Callon Petroleum Co6.125% 10/01/20240.2%
United States Steel Corp6.875% 03/01/20290.2%
XHR LP6.375% 08/15/20250.2%
Lindblad Expeditions LLC6.750% 02/15/20270.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
Mohegan Gaming & Entertainment8.000% 02/01/20260.2%
Citgo Holding Inc9.250% 08/01/20240.2%
CITGO Petroleum Corp6.375% 06/15/20260.2%
Eco Material Technologies Inc7.875% 01/31/20270.2%
RIVERBED TECHNOLOGY INC2.000% 12/08/20260.2%
EQT Corp3.125% 05/15/20260.2%
PHH Mortgage Corp7.875% 03/15/20260.2%
Delta Air Lines Inc4.375% 04/19/20280.2%
Esdec Solar Group BV6.500% 08/30/20280.2%
Audacy Capital Corp6.500% 05/01/20270.2%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp4.250% 02/01/20270.2%
Cogent Communications Group Inc3.500% 05/01/20260.2%
Granite US Holdings Corp11.000% 10/01/20270.2%
STL Holding Co LLC7.500% 02/15/20260.2%
United PF Holdings LLC5.006% 12/30/20260.2%
Citigroup Inc3.875% 05/18/21700.2%
AthenaHealth Group Inc4.000% 02/15/20290.2%
Nabors Industries Inc9.000% 02/01/20250.2%
Precision Drilling Corp6.875% 01/15/20290.2%
ASP Unifrax Holdings Inc5.250% 09/30/20280.2%
CEC Entertainment LLC6.750% 05/01/20260.2%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.500% 04/20/20260.2%
Pactiv LLC7.950% 12/15/20250.2%
Vodafone Group PLC3.250% 06/04/20810.2%
Spring Education Group Inc5.256% 07/30/20250.2%
National Mentor Holdings Inc4.500% 03/02/20280.2%
Cheniere Energy Partners LP4.500% 10/01/20290.2%
JB Poindexter & Co Inc7.125% 04/15/20260.2%
Buckeye Partners LP3.950% 12/01/20260.2%
Taseko Mines Ltd7.000% 02/15/20260.2%
Vistra Operations Co LLC5.500% 09/01/20260.2%
Gibson Brands Inc5.750% 08/11/20280.2%
Service Properties Trust4.500% 06/15/20230.2%
DPL Inc4.350% 04/15/20290.2%
NextEra Energy Operating Partners LP4.500% 09/15/20270.2%
PTC Inc3.625% 02/15/20250.2%
Carnival Corp10.500% 02/01/20260.2%
Hudson River Trading LLC3.144% 03/20/20280.2%
Dell International LLC / EMC Corp6.020% 06/15/20260.2%
USA Compression Partners LP / USA Compression Finance Corp6.875% 09/01/20270.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Sabre GLBL Inc9.250% 04/15/20250.2%
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc5.625% 05/01/20240.2%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.2%
Bath & Body Works Inc9.375% 07/01/20250.2%
Caesars Entertainment Inc8.125% 07/01/20270.2%
Chegg Inc0.000% 09/01/20260.2%
Murphy Oil Corp6.375% 07/15/20280.2%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.2%
Vistra Corp8.000% 04/15/21700.2%
Hawaiian Airlines 2013-1 Class A Pass Through Certificates3.900% 07/15/20270.2%
Clear Channel Outdoor Holdings Inc7.750% 04/15/20280.1%
W&T Offshore Inc9.750% 11/01/20230.1%
National CineMedia LLC5.875% 04/15/20280.1%
Bristow Group Inc6.875% 03/01/20280.1%
NAPA Management Services Corp6.149% 02/23/20290.1%
Spirit AeroSystems Inc5.500% 01/15/20250.1%
Tri Pointe Homes Inc5.250% 06/01/20270.1%
NextEra Energy Operating Partners LP3.875% 10/15/20260.1%
Glencore Funding LLC4.000% 03/27/20270.1%
Staples Inc10.750% 04/15/20270.1%
Peabody Energy Corp6.375% 03/31/20250.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Renaissance Holdings Corp3.707% 05/30/20250.1%
Life Time Inc5.750% 01/15/20260.1%
Fair Isaac Corp4.000% 06/15/20280.1%
Venture Global Calcasieu Pass LLC3.875% 08/15/20290.1%
EnerSys4.375% 12/15/20270.1%
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc5.000% 06/01/20290.1%
SCP Eye Care Services LLC6.000% 03/16/20280.1%
Pike Corp5.500% 09/01/20280.1%
Callon Petroleum Co9.000% 04/01/20250.1%
Resolute Forest Products Inc4.875% 03/01/20260.1%
Twitter Inc0.250% 06/15/20240.1%
Nabors Industries Inc5.750% 02/01/20250.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Lucid Energy Group II Borrower LLC5.000% 11/24/20280.1%
Compass Minerals International Inc4.875% 07/15/20240.1%
BFLD 2019-DPLO2.937% 10/15/20340.1%
Tenet Healthcare Corp6.125% 10/01/20280.1%
Synovus Financial Corp0.000% -0.1%
Switch Ltd3.750% 09/15/20280.1%
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer5.875% 10/01/20280.1%
WP CPP Holdings LLC4.750% 04/30/20250.1%
World Wrestling Entertainment Inc3.375% 12/15/20230.1%
Southwestern Energy Co5.375% 02/01/20290.1%
White Cap Parent LLC8.250% 03/15/20260.1%
Imola Merger Corp4.750% 05/15/20290.1%
Liberty Media Corp-Liberty Formula One1.000% 01/30/20230.1%
Royal Caribbean Cruises Ltd11.500% 06/01/20250.1%
Ken Garff Automotive LLC4.875% 09/15/20280.1%
Enova International Inc8.500% 09/15/20250.1%
Chart Industries Inc1.000% 11/15/20240.1%
Goodyear Tire & Rubber Co/The4.875% 03/15/20270.1%
American Axle & Manufacturing Inc5.000% 10/01/20290.1%
Vistra Corp7.000% 06/15/21700.1%
Paramount Global0.000% 04/01/20240.1%
Peninsula Pacific Entertainment LLC / Peninsula Pacific Entertainment Finance In8.500% 11/15/20270.1%
Boyne USA Inc4.750% 05/15/20290.1%
Carnival Corp4.000% 08/01/20280.1%
FMG Resources August 2006 Pty Ltd5.125% 05/15/20240.1%
Newell Brands Inc4.450% 04/01/20260.1%
AVSC Holding Corp0.250% 03/03/20250.1%
Citigroup Inc5.950% 07/30/21700.1%
Madison IAQ LLC5.875% 06/30/20290.1%
PRA Group Inc7.375% 09/01/20250.1%
Alpha Metallurgical Resources Inc10.000% 06/14/20240.1%
CENTURI GROUP INC3.000% 08/27/20280.1%
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp7.750% 04/15/20250.1%
Ally Financial Inc5.750% 11/20/20250.1%
Solaris Midstream Holdings LLC7.625% 04/01/20260.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
SOLIS IV BV4.000% 02/26/20290.1%
MOTION FINCO SARL4.256% 11/12/20260.1%
Syniverse Holdings Inc6.000% 03/09/20230.1%
Great Wolf Trust 2019-WOLF2.330% 12/15/20360.1%
Verscend Escrow Corp9.750% 08/15/20260.1%
Goodyear Tire & Rubber Co/The9.500% 05/31/20250.1%
Party City Holdings Inc8.750% 02/15/20260.1%
SM Energy Co6.625% 01/15/20270.1%
Weatherford International Ltd6.500% 09/15/20280.1%
SM Energy Co6.750% 09/15/20260.1%
Stonepeak Taurus Lower Holdings LLC7.751% 01/28/20300.1%
Greenbrier Cos Inc/The2.875% 04/15/20280.1%
Meritage Homes Corp5.125% 06/06/20270.1%
INTELSAT JACKSON HOLDINGS SA4.920% 02/01/20290.1%
PBF Logistics LP / PBF Logistics Finance Corp6.875% 05/15/20230.1%
NMG Holding Co Inc / Neiman Marcus Group LLC7.125% 04/01/20260.1%
Boyd Gaming Corp4.750% 12/01/20270.1%
Pure Storage Inc0.125% 04/15/20230.1%
Topgolf International Inc7.000% 02/09/20260.1%
US Acute Care Solutions LLC6.375% 03/01/20260.1%
Texas Capital Bancshares Inc4.000% 05/06/20310.1%
PHYSICIAN PARTNERS LLC4.500% 12/26/20280.1%
WASHINGTON PRIME GROUP LP5.750% 06/11/20250.1%
Kaiser Aluminum Corp4.625% 03/01/20280.1%
CWT Travel Group Inc8.500% 11/19/20260.1%
Applied Systems Inc0.000% 09/19/20250.1%
Summit Behavioral Healthcare LLC5.500% 11/24/20280.1%
Kingpin Intermediate Holdings LLC4.500% 07/03/20240.1%
Carriage Purchaser Inc7.875% 10/15/20290.1%
SCIH Salt Holdings Inc4.875% 05/01/20280.1%
SABRE GLBL INC4.750% 06/30/20280.1%
CPV Shore Holdings LLC0.000% 12/29/20250.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
Insulet Corp0.375% 09/01/20260.1%
Envista Holdings Corp2.375% 06/01/20250.1%
Rambus Inc1.375% 02/01/20230.1%
Air Canada3.875% 08/15/20260.1%
Imprivata Inc4.506% 12/01/20270.1%
Oregon Clean Energy LLC4.750% 03/01/20260.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
Alteryx Inc1.000% 08/01/20260.1%
MEDASSETS SOFTWARE INTRMEDIATE4.500% 12/18/20280.1%
Global Medical Response Inc6.500% 10/01/20250.1%
Baytex Energy Corp8.750% 04/01/20270.1%
Booz Allen Hamilton Inc3.875% 09/01/20280.1%
CommScope Technologies LLC5.000% 03/15/20270.1%
Anastasia Parent LLC4.756% 08/11/20250.1%
New Gold Inc6.375% 05/15/20250.1%
COBHAM ULTRA SENIORCO SARL0.000% 11/16/20280.1%
Lightstone Holdco LLC4.750% 01/30/20240.1%
Nabors Industries Inc7.375% 05/15/20270.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines LP8.750% 07/15/20260.1%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.1%
YPF Energia Electrica SA10.000% 07/25/20260.1%
Mattel Inc3.375% 04/01/20260.1%
Griffon Corp3.267% 01/24/20290.1%
Travel Leaders Group LLC4.457% 01/25/20240.1%
Life Time Inc8.000% 04/15/20260.1%
Scorpio Tankers Inc3.000% 05/15/20250.1%
Triumph Group Inc8.875% 06/01/20240.1%
ECHO GLOBAL LOGISTICS INC4.250% 11/23/20280.1%
FENDER MSCL INSTMNS CORPTN4.500% 12/01/20280.1%
Southwestern Energy Co5.950% 01/23/20250.1%
TANK HOLDING CORP0.000% 03/31/20280.1%
ALTAR BIDCO INC.6.100% 02/01/20300.1%
Carriage Purchaser Inc5.000% 09/30/20280.1%
Global Atlantic Fin Co4.700% 10/15/20510.1%
Millennium Escrow Corp6.625% 08/01/20260.1%
Rackspace Technology Global Inc5.375% 12/01/20280.1%
Renewable Energy Group Inc5.875% 06/01/20280.1%
Nathan's Famous Inc6.625% 11/01/20250.1%
VACO HOLDINGS LLC5.750% 01/21/20290.1%
Meritage Homes Corp6.000% 06/01/20250.1%
Coty Inc5.000% 04/15/20260.1%
Antero Resources Corp8.375% 07/15/20260.1%
Reverb Buyer Inc0.000% 11/01/20280.1%
Alterra Mountain Co3.207% 07/31/20240.1%
BANFF MERGER SUB INC6.000% 02/27/20260.1%
Scientific Games International Inc8.625% 07/01/20250.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.500% 03/01/20250.1%
Service Properties Trust4.500% 03/15/20250.1%
PBF Holding Co LLC / PBF Finance Corp7.250% 06/15/20250.1%
Engineered Components & Systems LLC6.500% 08/02/20280.1%
Great Wolf Trust 2019-WOLF3.129% 12/15/20360.1%
Party City Holdings Inc6.625% 08/01/20260.1%
USIC Holdings Inc7.250% 05/14/20290.1%
LSCS HOLDINGS INC.5.000% 12/16/20280.1%
Fair Isaac Corp5.250% 05/15/20260.1%
Avolon Holdings Funding Ltd5.500% 01/15/20260.1%
MGM Resorts International5.750% 06/15/20250.1%
Coty Inc6.500% 04/15/20260.1%
Party City Holdings Inc6.125% 08/15/20230.1%
Bulldog Purchaser Inc4.258% 09/05/20250.1%
Great Wolf Trust 2019-WOLF1.731% 12/15/20360.1%
Aramark Services Inc2.207% 03/11/20250.1%
Sabre GLBL Inc7.375% 09/01/20250.1%
Elwood Energy LLC8.159% 07/05/20260.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp4.250% 05/30/20230.1%
Booz Allen Hamilton Inc4.000% 07/01/20290.1%
Equinox Holdings Inc10.006% 03/08/20240.1%
Clarios Global LP6.750% 05/15/20250.1%
Caesars Resort Collection LLC / CRC Finco Inc5.750% 07/01/20250.1%
Equinox Holdings Inc4.006% 03/08/20240.1%
Uber Technologies Inc7.500% 05/15/20250.1%
SHARP CORPORATION5.006% 12/31/20280.1%
Avient Corp5.750% 05/15/20250.1%
CANOPY GROWTH CORPORATION9.500% 03/18/20260.1%
Buckeye Partners LP4.125% 03/01/20250.0%
Diamond Sports Group LLC / Diamond Sports Finance Co5.375% 08/15/20260.0%
Picasso Finance Sub Inc6.125% 06/15/20250.0%
Talen Energy Supply LLC6.500% 06/01/20250.0%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.0%
Rattler Midstream LP5.625% 07/15/20250.0%
RegionalCare Hospital Partners Holdings Inc / LifePoint Health Inc9.750% 12/01/20260.0%
THE ULTIMATE SW GRP INC5.750% 05/03/20270.0%
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc4.625% 06/15/20250.0%
FX USD/GBP 06/220.000% 06/07/20220.0%
KKR Industrial Portfolio Trust 2021-KDIP1.647% 12/15/20370.0%
KKR Industrial Portfolio Trust 2021-KDIP1.947% 12/15/20370.0%
KKR Industrial Portfolio Trust 2021-KDIP2.447% 12/15/20370.0%
AthenaHealth Group Inc0.000% 02/15/20290.0%
Trident TPI Holdings Inc9.250% 08/01/20240.0%
SCP Eye Care Services LLC0.045% 03/16/20280.0%
MEG Energy Corp6.500% 01/15/20250.0%
Trident TPI Holdings Inc6.625% 11/01/20250.0%
Shift4 Payments LLC / Shift4 Payments Finance Sub Inc4.625% 11/01/20260.0%
MOTION FINCO SARL0.043% 11/12/20260.0%
Credit Index Swap5.000% 06/20/20270.0%
Reverb Buyer Inc0.035% 11/01/20280.0%
Lightstone Holdco LLC4.750% 01/30/20240.0%
Commercial Mortgage Backed Index Swap2.000% 05/11/20630.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
ESC GCB144A HERTZ CORP5.500% 10/15/20240.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
National Mentor Holdings Inc4.760% 03/02/20280.0%
ESC GCB HERTZ CORP6.250% 10/15/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
US 2YR NOTE (CBT) Jun220.000% 07/06/2022-0.1%

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 04/30/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
1.91% 0.51%

Expense ratio details, Click here.

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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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