LSYNX | Short Duration High Yield Fund Class F3 | Lord Abbett
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Short Duration High Yield Fund

Daily price w/o sales charge as of 10/28/2020

$10.58

arrowDown$0.06

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 10/28/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.29% 6.11%

30-Day Standardized Yield 2 as of 09/30/2020  

4.40%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Basicsas of 09/30/2020

Total Net Assets
$6.31 M
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.62%
Fund Net Expense Ratio
0.44%
Number of Holdings
342

Fund Expense Ratio :

Gross 0.62%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge - - - - - 8.25%
Lipper Category Avg. Short High Yield Funds - - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD - - - - - 8.51%

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

Fund Expense Ratio :

Gross 0.62%

Net 0.44%

Fund Expense Ratio :

Gross 0.62%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge - - - - - 8.25%
Lipper Category Avg. Short High Yield Funds - - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD - - - - - 8.51%

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

Fund Expense Ratio :

Gross 0.62%

Net 0.44%

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.

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INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Director 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 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 10/28/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.29% 6.11%

30-Day Standardized Yield 2 as of 09/30/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.40% 4.40%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.62%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge - - - - - 8.25%
Lipper Category Avg. Short High Yield Funds - - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD - - - - - 8.51%

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

Fund Expense Ratio :

Gross 0.62%

Net 0.44%

Fund Expense Ratio :

Gross 0.62%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge - - - - - 8.25%
Lipper Category Avg. Short High Yield Funds - - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD - - - - - 8.51%

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

Fund Expense Ratio :

Gross 0.62%

Net 0.44%

Returns with sales charges reflect a maximum sales charge of 2.25%.

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
CMBS
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 09/30/2020

Rating Assets
AA
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 09/30/2020

Total Net Assets
$6.31 M
Number of Issues
342
Average Coupon
6.05%
Average Maturity
2.87 Years
Average Effective Duration
2.11 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 3.8%
Sprint Corp. 7.625% 02/15/2025 2.2%
Cogent Communications Group, Inc. 4.375% 06/30/2024 1.9%
Mclaren Finance PLC 5.000% 08/01/2022 1.8%
HCA, Inc. 7.500% 12/15/2023 1.6%
Navient Corp. 7.250% 01/25/2022 1.4%
CIT Group, Inc. 5.000% 08/01/2023 1.2%
Tenet Healthcare Corp. 4.625% 09/01/2024 1.0%
Carnival Corp. 11.500% 04/01/2023 1.0%
Altice France Holding SA 10.500% 05/15/2027 0.9%
% of Total Assets 16.8%
Holding Coupon Maturity Assets
Ford Motor Co.9.000% 04/22/20253.9%
Sprint Corp.7.625% 02/15/20252.3%
Cogent Communications Group, Inc.4.375% 06/30/20242.1%
Mclaren Finance PLC5.000% 08/01/20221.9%
HCA, Inc.7.500% 12/15/20231.7%
Navient Corp.7.250% 01/25/20221.5%
CIT Group, Inc.5.000% 08/01/20231.3%
Tenet Healthcare Corp.4.625% 09/01/20241.1%
Altice France Holding SA10.500% 05/15/20271.0%
Tenet Healthcare Corp.8.125% 04/01/20220.9%
DISH DBS Corp.5.875% 07/15/20220.9%
Lennar Corp.4.750% 11/15/20220.9%
Colt Merger Sub Inc6.250% 07/01/20250.9%
Carnival Corp.11.500% 04/01/20230.9%
Reynolds Group Issuer, Inc.5.125% 07/15/20230.9%
Freeport-McMoRan, Inc.4.550% 11/14/20240.8%
Springleaf Finance Corp.8.250% 10/01/20230.8%
Occidental Petroleum Corp.2.700% 08/15/20220.8%
Netflix, Inc.5.500% 02/15/20220.7%
MEG Energy Corp.7.000% 03/31/20240.7%
NextEra Energy Operating Partners LP4.250% 09/15/20240.7%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o5.000% 06/01/20240.7%
Hilton Domestic Operating Co, Inc.4.250% 09/01/20240.7%
First Cash Financial Services, Inc.5.375% 06/01/20240.6%
Albertsons Cos Inc / Safeway Inc / New Albertsons6.625% 06/15/20240.6%
Tesla Motors, Inc.5.300% 08/15/20250.6%
Springleaf Finance Corp.8.875% 06/01/20250.6%
Netflix, Inc.3.625% 06/15/20250.6%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.5%
Coeur Mining, Inc.5.875% 06/01/20240.5%
Univision Communications, Inc.5.125% 02/15/20250.5%
Occidental Petroleum Corp.2.900% 08/15/20240.5%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &6.000% 08/01/20260.5%
Atlantica Sustainable Infrastructure Jersey Ltd4.000% 07/15/20250.5%
ADT Corp.3.500% 07/15/20220.5%
Marriott International, Inc.5.750% 05/01/20250.5%
MPH Acquisition Holdings LLC7.125% 06/01/20240.5%
Acrisure LLC / Acrisure Finance Inc8.125% 02/15/20240.5%
Patrick Industries, Inc.1.000% 02/01/20230.5%
PDC Energy, Inc.6.125% 09/15/20240.5%
Buckeye Partners L.P.4.150% 07/01/20230.5%
Diamondback Energy, Inc.2.875% 12/01/20240.5%
Sensata Technologies BV4.875% 10/15/20230.5%
Warrior Met Coal Inc8.000% 11/01/20240.5%
Cenovus Energy, Inc.3.800% 09/15/20230.5%
Centene Corp.4.750% 01/15/20250.5%
Hillman Group, Inc.6.375% 07/15/20220.5%
EnerSys5.000% 04/30/20230.5%
Louisiana-Pacific Corp.4.875% 09/15/20240.5%
Mattel, Inc.3.150% 03/15/20230.5%
Great Lakes Dredge & Dock Corp.8.000% 05/15/20220.4%
CDW Corp.4.125% 05/01/20250.4%
Hughes Satellite Systems Corp.7.625% 06/15/20210.4%
Beacon Roofing Supply, Inc.4.875% 11/01/20250.4%
FMG Finance Pty Ltd.4.750% 05/15/20220.4%
XPO Logistics, Inc.6.250% 05/01/20250.4%
Newell Rubbermaid, Inc.4.000% 06/15/20220.4%
TerraForm Power Operating LLC4.250% 01/31/20230.4%
KGA Escrow LLC7.500% 08/15/20230.4%
Hill-Rom Holdings, Inc.5.000% 02/15/20250.4%
Citgo Holding, Inc.9.250% 08/01/20240.4%
Continental Resources, Inc.4.500% 04/15/20230.4%
Shea Homes LP / Shea Homes Funding Corp.6.125% 04/01/20250.4%
Western Gas Partners L.P.3.950% 06/01/20250.4%
CSC Holdings LLC5.250% 06/01/20240.4%
JBS USA LLC/JBS USA Finance, Inc.5.750% 06/15/20250.4%
CrownRock L.P./CrownRock Finance, Inc.5.625% 10/15/20250.4%
Quicken Loans LLC5.750% 05/01/20250.4%
AMC Networks, Inc.4.750% 08/01/20250.4%
Western Gas Partners L.P.4.000% 07/01/20220.4%
Southwestern Energy Co.6.450% 01/23/20250.4%
JPMorgan Chase & Co.4.000% 12/31/20990.4%
Century Communities, Inc.5.875% 07/15/20250.4%
ESH Hospitality, Inc.5.250% 05/01/20250.4%
Apache Corp.4.625% 11/15/20250.4%
Continental Resources, Inc.5.000% 09/15/20220.4%
Delta Air Lines, Inc.7.000% 05/01/20250.4%
American Axle & Manufacturing, Inc.6.250% 04/01/20250.4%
Hospitality Properties Trust5.000% 08/15/20220.4%
Norbord, Inc.6.250% 04/15/20230.4%
Parsley Energy LLC5.375% 01/15/20250.4%
Centene Corp.4.750% 05/15/20220.4%
Mack-Cali Realty L.P.4.500% 04/18/20220.4%
GCI LLC6.625% 06/15/20240.4%
Las Vegas Sands Corp.2.900% 06/25/20250.4%
Oceaneering International, Inc.4.650% 11/15/20240.4%
Adient US LLC7.000% 05/15/20260.3%
Tronox Finance PLC5.750% 10/01/20250.3%
Grinding Media, Inc. / MC Grinding Media Canada, I7.375% 12/15/20230.3%
Seven Generations Energy Ltd.6.750% 05/01/20230.3%
Allison Transmission, Inc.5.000% 10/01/20240.3%
Clearway Energy Operating LLC5.750% 10/15/20250.3%
PTC, Inc.3.625% 02/15/20250.3%
Petroleos Mexicanos4.875% 01/24/20220.3%
Buena Vista Gaming Authority13.000% 04/01/20230.3%
XPO Logistics, Inc.6.750% 08/15/20240.3%
Nexstar Broadcasting, Inc.2.406% 01/17/20240.3%
New Gold, Inc.6.375% 05/15/20250.3%
Playtika Holding Corp7.072% 12/03/20240.3%
Wyndham Worldwide Corp.5.400% 04/01/20240.3%
NCL Corp. Ltd.12.250% 05/15/20240.3%
Hillenbrand Inc.5.750% 06/15/20250.3%
Core & Main Holdings LP8.625% 09/15/20240.3%
Aircastle Ltd.5.250% 08/11/20250.3%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.3%
ChampionX Corp6.375% 05/01/20260.3%
SunPower Corp.4.000% 01/15/20230.3%
Performance Food Group, Inc.5.500% 06/01/20240.3%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.3%
Compass Minerals International, Inc.4.875% 07/15/20240.3%
Caesars Resort Collection LLC / CRC Finco Inc5.250% 10/15/20250.3%
Teva Pharmaceutical Finance Co. B.V.2.950% 12/18/20220.3%
Indigo Natural Resources LLC6.875% 02/15/20260.3%
Taylor Morrison Communities Inc / Taylor Morrison5.875% 04/15/20230.3%
SSL Robotics LLC9.750% 12/31/20230.3%
Sally Holdings LLC / Sally Capital, Inc.8.750% 04/30/20250.3%
GCP Applied Technologies, Inc.5.500% 04/15/20260.3%
WPX Energy, Inc.8.250% 08/01/20230.3%
Scientific Games International, Inc.8.625% 07/01/20250.3%
Boyd Gaming Corp.8.625% 06/01/20250.3%
Deliver Buyer, Inc. (aka MHS Holdings, Inc.)5.308% 05/01/20240.3%
1011778 BC ULC / New Red Finance, Inc.5.000% 10/15/20250.3%
Sirius XM Radio, Inc.4.625% 07/15/20240.3%
Chemours Co.7.000% 05/15/20250.3%
Hess Corp.3.500% 07/15/20240.3%
TRI Pointe Group Inc / TRI Pointe Homes Inc5.875% 06/15/20240.3%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.3%
Forestar Group, Inc.8.000% 04/15/20240.3%
Clarios Global LP6.750% 05/15/20250.3%
Ball Corp.5.000% 03/15/20220.3%
Intertape Polymer Group Inc7.000% 10/15/20260.3%
Select Medical Corp.6.250% 08/15/20260.3%
Weight Watchers International, Inc.8.625% 12/01/20250.3%
Consolidated Communications, Inc.6.500% 10/01/20220.3%
Molina Healthcare, Inc.5.375% 11/15/20220.3%
VeriSign, Inc.5.250% 04/01/20250.3%
JetBlue Airways Corp6.250% 06/12/20240.3%
WESCO Distribution, Inc.5.375% 06/15/20240.3%
Ritchie Bros Auctioneers, Inc.5.375% 01/15/20250.3%
PetSmart, Inc.7.125% 03/15/20230.3%
Eclipse Resources Corp.8.875% 07/15/20230.3%
MEDNAX, Inc.5.250% 12/01/20230.3%
Popular, Inc.6.125% 09/14/20230.3%
Navistar International Corp.9.500% 05/01/20250.3%
TransDigm, Inc.6.500% 07/15/20240.3%
MGM Resorts International6.000% 03/15/20230.3%
EPR Properties5.250% 07/15/20230.3%
Air Medical Group Holdings, Inc.6.375% 05/15/20230.3%
JP Morgan Chase Commercial Mortgage Securities Tru1.462% 06/15/20320.3%
ACProducts Inc7.500% 08/13/20250.3%
VF Holding Corp5.576% 07/02/20250.3%
KB Home7.000% 12/15/20210.2%
TopBuild Corp.5.625% 05/01/20260.2%
Veoneer Inc4.000% 06/01/20240.2%
Tronox Inc6.500% 04/15/20260.2%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.2%
WP CityMD Bidco LLC5.536% 08/06/20260.2%
Ingles Markets, Inc.5.750% 06/15/20230.2%
Topgolf International, Inc.7.430% 02/09/20260.2%
Buckeye Partners L.P.6.375% 01/22/20780.2%
MGM Growth Properties Operating Partnership LP / M5.625% 05/01/20240.2%
Wabash National Corp.5.500% 10/01/20250.2%
Great Wolf Trust 2019-WOLF1.496% 12/15/20360.2%
Endeavor Energy Resources L.P.5.500% 01/30/20260.2%
Centennial Resource Production LLC8.000% 06/01/20250.2%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.2%
Ally Financial, Inc.3.875% 05/21/20240.2%
Wynn Las Vegas LLC4.250% 05/30/20230.2%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.5.875% 05/15/20250.2%
Fairstone Financial Inc7.875% 07/15/20240.2%
ADT Corp.4.125% 06/15/20230.2%
Teva Pharmaceutical Finance Netherlands III BV2.800% 07/21/20230.2%
CIT Group, Inc.3.929% 06/19/20240.2%
Itron, Inc.5.000% 01/15/20260.2%
Fresh Market, Inc.9.750% 05/01/20230.2%
Enterprise Development Authority/The12.000% 07/15/20240.2%
Lennar Corp.4.750% 05/30/20250.2%
Boeing Co.4.875% 05/01/20250.2%
Taylor Morrison Communities Inc / Taylor Morrison5.625% 03/01/20240.2%
WEX, Inc.4.750% 02/01/20230.2%
Group 1 Automotive, Inc.5.000% 06/01/20220.2%
Laureate Education, Inc.8.250% 05/01/20250.2%
Vail Resorts, Inc.6.250% 05/15/20250.2%
Kaiser Aluminum Corp.6.500% 05/01/20250.2%
Arcor6.000% 07/06/20230.2%
PolyOne Corp.5.750% 05/15/20250.2%
Royal Caribbean Cruises Ltd.9.125% 06/15/20230.2%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.2%
Citigroup, Inc.5.950% 12/31/20990.2%
Pulte Group, Inc.4.250% 03/01/20210.2%
Expedia, Inc.6.250% 05/01/20250.2%
Plains All American Pipeline L.P.6.125% 12/31/20990.2%
New Fortress Energy Inc6.750% 09/15/20250.2%
Avis Budget Car Rental LLC / Avis Budget Finance,6.375% 04/01/20240.2%
MGM Resorts International6.750% 05/01/20250.2%
Carvana Co8.875% 10/01/20230.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Drive Chassis Holdco LLC8.518% 04/10/20260.2%
Leslies Poolmart, Inc.3.656% 08/09/20230.2%
HD Supply Inc.3.750% 08/01/20240.2%
Portfolio Recovery Associates, Inc.7.375% 09/01/20250.2%
Jeld Wen, Inc.3.727% 12/14/20240.2%
US Renal Care Inc.5.188% 06/13/20260.2%
LGI Homes, Inc.6.875% 07/15/20260.2%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.2%
Navient Corp.6.750% 06/25/20250.2%
EQT Corp.7.875% 02/01/20250.2%
Credit Acceptance Corp.5.125% 12/31/20240.2%
United Natural Foods Inc4.406% 10/22/20250.2%
Sealed Air Corp.5.125% 12/01/20240.2%
Nissan Motor Acceptance Corp.2.800% 01/13/20220.2%
Range Resources Corp.5.000% 08/15/20220.2%
Ellie Mae Inc6.625% 04/17/20260.2%
VF Holding Corp9.576% 07/02/20260.2%
Hayward Acquisition Corp.3.656% 08/05/20240.2%
GLP Capital L.P. / GLP Financing II, Inc.5.375% 11/01/20230.2%
Ccs-Cmgc Holdings Inc6.267% 10/01/20250.2%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.2%
Fastlane Parent Company, Inc.4.656% 12/19/20250.2%
Fair Isaac Corp.5.250% 05/15/20260.2%
Sophia LP / Sophia Finance, Inc.9.000% 09/30/20230.2%
Central Garden & Pet Co.6.125% 11/15/20230.2%
Barminco Finance Pty Ltd.6.625% 05/15/20220.2%
Cedar Fair L.P.5.375% 06/01/20240.2%
NEP/NCP Holdco Inc3.406% 10/05/20250.2%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.2%
Banijay Group US Holding3.906% 02/04/20250.2%
Granite Holdings US Acquisition7.067% 09/25/20260.2%
Advisor Group, Inc.5.156% 07/31/20260.2%
Hospitality Properties Trust4.350% 10/01/20240.2%
APX Group, Inc.7.625% 09/01/20230.2%
Simmons Foods, Inc.7.750% 01/15/20240.2%
Cinemark USA, Inc.5.125% 12/15/20220.2%
Canopy Growth Corp4.250% 07/15/20230.2%
IRB Holding Corp6.750% 02/15/20260.2%
Cinemark USA, Inc.4.875% 06/01/20230.2%
Midas Intermediate Holdco II LLC / Midas Intermedi7.875% 10/01/20220.2%
Apex Tool Group LLC / BC Mountain Finance Inc9.000% 02/15/20230.2%
Gap, Inc.8.875% 05/15/20270.2%
Bob's Discount Furniture6.250% 02/12/20210.2%
Atlantic Aviation FBO Inc.3.920% 11/30/20250.2%
Matador Resources Co.5.875% 09/15/20260.2%
Hadrian Merger Sub Inc8.500% 05/01/20260.1%
Wynn Las Vegas LLC5.250% 05/15/20270.1%
Sensata Technologies BV5.625% 11/01/20240.1%
ASURION LLC3.163% 11/03/20240.1%
American Airlines, Inc.11.750% 07/15/20250.1%
CWGS Group, LLC (aka Camping World, Inc.)3.500% 11/08/20230.1%
Truck Hero Inc8.500% 04/21/20240.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.1%
Boyne USA Inc7.250% 05/01/20250.1%
Weibo Corp.1.250% 11/15/20220.1%
Mattel, Inc.6.750% 12/31/20250.1%
Clark Equipment Co5.875% 06/01/20250.1%
Diamond BC BV3.260% 09/06/20240.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
MGM Growth Properties Operating Partnership LP / M4.625% 06/15/20250.1%
Chefs' Warehouse, Inc.1.875% 12/01/20240.1%
Tenneco Inc.3.158% 06/18/20250.1%
SL Green Realty Corp.4.500% 12/01/20220.1%
Barracuda Networks, Inc.4.250% 02/12/20250.1%
Tempo Acquisition LLC / Tempo Acquisition Finance6.750% 06/01/20250.1%
Rain CII Carbon LLC7.250% 04/01/20250.1%
Landry's Restaurants Inc.4.717% 10/04/20230.1%
Southern Star Central Corp.5.125% 07/15/20220.1%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.1%
Occidental Petroleum Corp.1.684% 08/13/20210.1%
Western Digital Corp.1.500% 02/01/20240.1%
Guidehouse LLP4.667% 05/01/20250.1%
William Carter Co.5.500% 05/15/20250.1%
Hub International Ltd.7.000% 05/01/20260.1%
Scorpio Tankers, Inc.3.000% 05/15/20220.1%
Gap, Inc.8.625% 05/15/20250.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Trident TPI Holdings Inc9.250% 08/01/20240.1%
Brand Energy & Infrastructure Services, Inc. (fka5.250% 06/21/20240.1%
CD&R Smokey Buyer Inc6.750% 07/15/20250.1%
Colt Merger Sub Inc8.125% 07/01/20270.1%
Rattler Midstream LP5.625% 07/15/20250.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
Navistar International Corp.6.625% 11/01/20250.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Lamar Media Corp.5.000% 05/01/20230.1%
Rite Aid Corp.8.000% 11/15/20260.1%
Citgo Petroleum Corp.7.000% 06/15/20250.1%
Insmed, Inc.1.750% 01/15/20250.1%
Avon International Capital PLC6.500% 08/15/20220.1%
Penske Automotive Group, Inc.3.500% 09/01/20250.1%
Occidental Petroleum Corp.3.125% 02/15/20220.1%
Seven Generations Energy Ltd.5.375% 09/30/20250.1%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.1%
Delta Air Lines, Inc.3.800% 04/19/20230.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.000% 12/01/20240.1%
Viking Cruises Ltd.13.000% 05/15/20250.1%
Solera Finance, Inc.10.500% 03/01/20240.1%
MPT Operating Partnership L.P.6.375% 03/01/20240.1%
DPL, Inc.4.125% 07/01/20250.1%
Gray Television, Inc.5.125% 10/15/20240.1%
Mission Broadcasting, Inc.2.406% 01/17/20240.1%
Cenovus Energy, Inc.5.375% 07/15/20250.1%
Forterra, Inc.4.000% 10/25/20230.1%
PBF Finance Corp.9.250% 05/15/20250.1%
PetVet Care Centers, LLC2.906% 02/14/20250.1%
National Fuel Gas Co.5.500% 01/15/20260.1%
L Brands, Inc.6.875% 07/01/20250.1%
IRB Holding Corp7.000% 06/15/20250.1%
Picasso Finance Sub Inc6.125% 06/15/20250.1%
Endeavor Energy Resources L.P.6.625% 07/15/20250.1%
Avon International Operations Inc7.875% 08/15/20220.1%
Occidental Petroleum Corp.2.700% 02/15/20230.1%
Colt Merger Sub Inc5.750% 07/01/20250.1%
Avis Budget Car Rental LLC / Avis Budget Finance,5.250% 03/15/20250.0%
Newell Rubbermaid, Inc.4.875% 06/01/20250.0%
Range Resources Corp.5.000% 03/15/20230.0%
Range Resources Corp.4.875% 05/15/20250.0%
PetVet Care Centers, LLC3.685% 02/14/20250.0%
Revlon Consumer Products Corp.5.750% 02/15/20210.0%
Daseke Companies, Inc.6.851% 02/27/20240.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/GBP 09/200.000% 09/08/20200.0%
FX USD/CAD 10/200.000% 10/20/20200.0%
FX USD/GBP 09/200.000% 09/08/20200.0%
FX USD/GBP 09/200.000% 09/08/20200.0%
FX USD/GBP 09/200.000% 09/08/20200.0%
FX USD/GBP 09/200.000% 09/08/2020-0.1%
FX USD/EUR 09/200.000% 09/04/2020-0.1%

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 09/30/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
0.62% 0.44%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Fact Sheet
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.

 

 

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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