LSYTX | Short Duration High Yield Fund Class R5 | Lord Abbett

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Short Duration High Yield Fund

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Daily price w/o sales charge as of 06/24/2022

$9.62

arrowUp$0.04

YTD Returns w/o sales charge as of 06/24/2022

-7.91%

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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 06/24/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.53% 5.23%

30-Day Standardized Yield 2 as of 05/31/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.15% 5.38%

Fund Basicsas of 05/31/2022

Total Net Assets
$30.60 M
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.81%
Fund Net Expense Ratio
0.51%
Number of Holdings
452

Fund Expense Ratio :

Gross 1.81%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -4.11% -1.88% - - - 7.23%
Lipper Category Avg. Short High Yield Funds -3.68% -2.04% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD -4.13% -2.11% - - - 6.61%

Fund Expense Ratio :

Gross 1.81%

Net 0.51%

Fund Expense Ratio :

Gross 1.81%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -2.05% 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 1.81%

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
December 6, 2021

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

21 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director, Deputy Director of Leveraged Credit

14 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Portfolio Manager

12 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 06/24/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.53% 5.23%

30-Day Standardized Yield 2 as of 05/31/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.15% 5.38%

Fund Expense Ratio :

Gross 1.81%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -4.11% -1.88% - - - 7.23%
Lipper Category Avg. Short High Yield Funds -3.68% -2.04% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD -4.13% -2.11% - - - 6.61%

Fund Expense Ratio :

Gross 1.81%

Net 0.51%

Fund Expense Ratio :

Gross 1.81%

Net 0.51%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge -2.05% 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 1.81%

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 5.76% 4.87%
2020 14.06% 3.85%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -2.05% - - - -7.91%
2021 2.00% 2.07% 0.77% 0.82% 5.76%
2020 - - 4.06% 5.40% 14.06%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Corporate
Bank Loans
Investment Grade Corporate
CLO
CMBS
Other
Cash
Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

Credit Quality Distribution as of 05/31/2022

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

PORTFOLIO DETAILS as of 05/31/2022

Total Net Assets
$30.60 M
Number of Issues
452
Average Coupon
5.7%
Average Maturity
4.07 Years
Average Effective Duration
2.76 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
TransDigm Inc 5.500% 11/15/2027 1.4%
Occidental Petroleum Corp 5.550% 03/15/2026 1.3%
Ford Motor Co 4.346% 12/08/2026 1.1%
Neuberger Berman Loan Advisers CLO 36 Ltd 7.813% 04/20/2033 1.1%
American Airlines Inc 11.750% 07/15/2025 0.9%
HCA Inc 5.375% 09/01/2026 0.9%
CARLYLE US CLO 2019-3 LTD 4.263% 10/20/2032 0.8%
United Airlines Inc 4.375% 04/15/2026 0.8%
CIFC Funding 2013-IV Ltd 4.025% 04/27/2031 0.8%
AMMC CLO 24 Ltd 7.633% 01/20/2035 0.7%
% of Total Assets 9.8%
Holding Coupon Maturity Assets
TransDigm Inc5.500% 11/15/20271.6%
Occidental Petroleum Corp5.550% 03/15/20261.4%
Neuberger Berman Loan Advisers CLO 36 Ltd7.813% 04/20/20331.3%
CIFC Funding 2013-IV Ltd4.025% 04/27/20310.9%
CARLYLE US CLO 2019-3 LTD4.263% 10/20/20320.9%
AMMC CLO 24 Ltd7.633% 01/20/20350.9%
HCA Inc5.375% 09/01/20260.9%
American Airlines Inc11.750% 07/15/20250.9%
PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.9%
Ford Motor Co4.346% 12/08/20260.9%
Welltec International ApS8.250% 10/15/20260.8%
Tenet Healthcare Corp4.875% 01/01/20260.7%
Tianqi Finco Co Ltd3.750% 11/28/20220.7%
Ford Motor Co6.625% 10/01/20280.7%
Turkiye Petrol Rafinerileri AS4.500% 10/18/20240.7%
International Game Technology PLC4.125% 04/15/20260.7%
Ford Motor Credit Co LLC3.815% 11/02/20270.7%
Matador Resources Co5.875% 09/15/20260.7%
Virgin Media Vendor Financing Notes IV DAC5.000% 07/15/20280.7%
Geopark Ltd5.500% 01/17/20270.7%
Vedanta Resources Ltd6.125% 08/09/20240.6%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.250% 03/15/20260.6%
Laredo Petroleum Inc9.500% 01/15/20250.6%
MEG Energy Corp7.125% 02/01/20270.6%
CHS/Community Health Systems Inc5.625% 03/15/20270.5%
Range Resources Corp4.875% 05/15/20250.5%
Centennial Resource Production LLC5.375% 01/15/20260.5%
Sprint Corp7.625% 02/15/20250.5%
PBF Holding Co LLC / PBF Finance Corp9.250% 05/15/20250.5%
United Airlines Inc4.375% 04/15/20260.5%
California Resources Corp7.125% 02/01/20260.5%
Royal Caribbean Cruises Ltd5.375% 07/15/20270.5%
Western Midstream Operating LP3.950% 06/01/20250.5%
Service Properties Trust4.350% 10/01/20240.5%
Crescent Energy Finance LLC7.250% 05/01/20260.5%
Civitas Resources Inc5.000% 10/15/20260.5%
T-Mobile USA Inc2.250% 02/15/20260.5%
Weatherford International Ltd11.000% 12/01/20240.5%
Colgate Energy Partners III LLC7.750% 02/15/20260.5%
Berry Petroleum Co LLC7.000% 02/15/20260.5%
AA Bond Co Ltd6.500% 01/31/20260.5%
Carnival Corp10.500% 02/01/20260.5%
Oasis Petroleum Inc6.375% 06/01/20260.5%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.5%
Centene Corp2.450% 07/15/20280.4%
Navient Corp6.750% 06/25/20250.4%
Vistra Operations Co LLC5.500% 09/01/20260.4%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.4%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.4%
Kane Bidco Ltd6.500% 02/15/20270.4%
Canary Wharf Group Investment Holdings PLC3.375% 04/23/20280.4%
Pinewood Finance Co Ltd3.625% 11/15/20270.4%
Virgin Media Vendor Financing Notes III DAC4.875% 07/15/20280.4%
Travel + Leisure Co6.625% 07/31/20260.4%
Penn Virginia Holdings LLC9.250% 08/15/20260.4%
Nexstar Media Inc5.625% 07/15/20270.4%
Sprint Capital Corp6.875% 11/15/20280.4%
CCO Holdings LLC / CCO Holdings Capital Corp5.375% 06/01/20290.4%
PDC Energy Inc5.750% 05/15/20260.4%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.4%
Kernel Holding SA6.500% 10/17/20240.4%
Murphy Oil USA Inc5.625% 05/01/20270.4%
SM Energy Co5.625% 06/01/20250.4%
Hudbay Minerals Inc4.500% 04/01/20260.4%
Sirius XM Radio Inc3.125% 09/01/20260.4%
IPD 3 BV5.500% 12/01/20250.4%
Avantor Funding Inc2.625% 11/01/20250.4%
Alliance Resource Operating Partners LP / Alliance Resource Finance Corp7.500% 05/01/20250.4%
Golden Goose SpA4.875% 05/14/20270.4%
PeopleCert Wisdom Issuer PLC5.750% 09/15/20260.4%
Oceaneering International Inc4.650% 11/15/20240.4%
Forestar Group Inc3.850% 05/15/20260.4%
Banijay Entertainment SASU3.500% 03/01/20250.4%
SBA Communications Corp3.875% 02/15/20270.4%
VICI Properties LP / VICI Note Co Inc3.500% 02/15/20250.4%
Vivion Investments Sarl3.000% 08/08/20240.4%
W&T Offshore Inc9.750% 11/01/20230.4%
Bank of Ireland Group PLC0.375% 05/10/20270.4%
Cullinan Holdco Scsp4.625% 10/15/20260.4%
JP Morgan Chase Commercial Mortgage Securities Trust 2021-14404.404% 03/15/20360.4%
Northriver Midstream Finance LP5.625% 02/15/20260.3%
OneMain Finance Corp8.875% 06/01/20250.3%
General Electric Co4.156% 06/15/21700.3%
OneMain Finance Corp8.250% 10/01/20230.3%
Novelis Corp3.250% 11/15/20260.3%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.3%
Univision Communications Inc4.014% 01/31/20290.3%
OneMain Finance Corp3.500% 01/15/20270.3%
TechnipFMC PLC6.500% 02/01/20260.3%
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer5.875% 10/01/20280.3%
Howmet Aerospace Inc6.875% 05/01/20250.3%
Caesars Entertainment Inc6.250% 07/01/20250.3%
Tap Rock Resources LLC7.000% 10/01/20260.3%
Standard Industries Inc/NJ5.000% 02/15/20270.3%
Chassix Inc6.500% 11/15/20230.3%
ModivCare Inc5.875% 11/15/20250.3%
Molina Healthcare Inc4.375% 06/15/20280.3%
Precision Drilling Corp7.125% 01/15/20260.3%
Marriott Ownership Resorts Inc4.750% 01/15/20280.3%
Natural Resource Partners LP / NRP Finance Corp9.125% 06/30/20250.3%
Outfront Media Capital LLC / Outfront Media Capital Corp6.250% 06/15/20250.3%
Callon Petroleum Co6.375% 07/01/20260.3%
Starwood Property Trust Inc3.750% 12/31/20240.3%
MND Holdings III Corp4.506% 06/19/20240.3%
Clear Channel Outdoor Holdings Inc5.125% 08/15/20270.3%
Coronado Finance Pty Ltd10.750% 05/15/20260.3%
H&E Equipment Services Inc3.875% 12/15/20280.3%
Acadia Healthcare Co Inc5.500% 07/01/20280.3%
Blackstone Mortgage Trust Inc3.750% 01/15/20270.3%
Block Inc2.750% 06/01/20260.3%
Plains All American Pipeline LP6.125% 11/15/21700.3%
Earthstone Energy Holdings LLC8.000% 04/15/20270.3%
Lithia Motors Inc4.625% 12/15/20270.3%
Tenet Healthcare Corp6.125% 10/01/20280.3%
XHR LP6.375% 08/15/20250.3%
Sprint Corp7.625% 03/01/20260.3%
Citgo Holding Inc9.250% 08/01/20240.3%
DISH DBS Corp7.750% 07/01/20260.3%
NRG Energy Inc3.750% 06/15/20240.3%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.3%
Hecla Mining Co7.250% 02/15/20280.3%
Staples Inc7.500% 04/15/20260.3%
WESCO Distribution Inc7.125% 06/15/20250.3%
PHYSICIAN PARTNERS LLC4.800% 12/26/20280.3%
EQT Corp6.625% 02/01/20250.3%
Cleveland-Cliffs Inc6.750% 03/15/20260.3%
Antero Resources Corp4.250% 09/01/20260.3%
Penske Automotive Group Inc3.500% 09/01/20250.3%
Energy Transfer LP6.500% 11/15/21700.3%
Freeport-McMoRan Inc4.550% 11/14/20240.3%
Buckeye Partners LP6.375% 01/22/20780.3%
American Builders & Contractors Supply Co Inc4.000% 01/15/20280.3%
Lucid Energy Group II Borrower LLC5.000% 11/24/20280.3%
FirstEnergy Corp2.050% 03/01/20250.3%
Guitar Center Inc8.500% 01/15/20260.3%
HCA Inc3.125% 03/15/20270.3%
Sensata Technologies BV5.000% 10/01/20250.3%
JB Poindexter & Co Inc7.125% 04/15/20260.3%
MGM Resorts International5.500% 04/15/20270.3%
Eco Material Technologies Inc7.875% 01/31/20270.3%
Goldman Sachs Group Inc/The4.125% 05/10/21700.3%
Brundage-Bone Concrete Pumping Holdings Inc6.000% 02/01/20260.2%
PBF Logistics LP / PBF Logistics Finance Corp6.875% 05/15/20230.2%
CITGO Petroleum Corp7.000% 06/15/20250.2%
Baytex Energy Corp8.750% 04/01/20270.2%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.2%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp4.250% 02/01/20270.2%
Radiate Holdco LLC / Radiate Finance Inc4.500% 09/15/20260.2%
Manitowoc Co Inc/The9.000% 04/01/20260.2%
Jefferson Capital Holdings LLC6.000% 08/15/20260.2%
PTC Inc3.625% 02/15/20250.2%
Hawaiian Airlines 2013-1 Class A Pass Through Certificates3.900% 07/15/20270.2%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.2%
Radian Group Inc4.875% 03/15/20270.2%
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp6.000% 08/01/20260.2%
Shift4 Payments LLC / Shift4 Payments Finance Sub Inc4.625% 11/01/20260.2%
Boyd Gaming Corp4.750% 12/01/20270.2%
MEDASSETS SOFTWARE INTRMEDIATE4.500% 12/18/20280.2%
Gulfport Energy Corp8.000% 05/17/20260.2%
Trinity Industries Inc4.550% 10/01/20240.2%
Pioneer Natural Resources Co0.250% 05/15/20250.2%
Resolute Forest Products Inc4.875% 03/01/20260.2%
Starwood Property Trust Inc4.375% 01/15/20270.2%
Helix Gen Funding LLC4.750% 06/03/20240.2%
Air Canada3.875% 08/15/20260.2%
Navient Corp6.750% 06/15/20260.2%
FXI Holdings Inc7.875% 11/01/20240.2%
FENDER MSCL INSTMNS CORPTN4.500% 12/01/20280.2%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.2%
Air Methods Corp8.000% 05/15/20250.2%
Royal Caribbean Cruises Ltd9.125% 06/15/20230.2%
Peraton Corp4.514% 02/01/20280.2%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.2%
Magenta Buyer LLC6.230% 07/27/20280.2%
Royal Caribbean Cruises Ltd5.500% 04/01/20280.2%
AMC Networks Inc4.750% 08/01/20250.2%
Birkenstock US BidCo Inc3.750% 04/28/20280.2%
USA Compression Partners LP / USA Compression Finance Corp6.875% 04/01/20260.2%
Prime Security Services Borrower LLC / Prime Finance Inc5.750% 04/15/20260.2%
DIRECT CHASSISLINK INC7.739% 04/10/20260.2%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp5.250% 10/01/20250.2%
BEP Ulterra Holdings Inc6.014% 11/26/20250.2%
TerraForm Power Operating LLC5.000% 01/31/20280.2%
Antero Midstream Partners LP / Antero Midstream Finance Corp7.875% 05/15/20260.2%
Alta Equipment Group Inc5.625% 04/15/20260.2%
Nabors Industries Ltd7.250% 01/15/20260.2%
Nordstrom Inc4.000% 03/15/20270.2%
Bombardier Inc7.125% 06/15/20260.2%
Post Holdings Inc5.625% 01/15/20280.2%
MGM Resorts International4.750% 10/15/20280.2%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.2%
City Football Group Ltd4.598% 07/21/20280.2%
Clark Equipment Co5.875% 06/01/20250.2%
Hertz Corp/The4.625% 12/01/20260.2%
Sally Holdings LLC / Sally Capital Inc8.750% 04/30/20250.2%
Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.2%
Switch Ltd3.750% 09/15/20280.2%
Imprivata Inc4.514% 12/01/20270.2%
Occidental Petroleum Corp6.950% 07/01/20240.2%
Performance Food Group Inc5.500% 10/15/20270.2%
Gray Television Inc7.000% 05/15/20270.2%
Affinity Gaming6.875% 12/15/20270.2%
Fly Leasing Ltd7.000% 10/15/20240.2%
IRB Holding Corp7.000% 06/15/20250.2%
Kestrel Acquisition LLC5.250% 06/02/20250.2%
Exterran Energy Solutions LP / EES Finance Corp8.125% 05/01/20250.2%
TRI Pointe Group Inc / TRI Pointe Homes Inc5.875% 06/15/20240.2%
Kaiser Aluminum Corp4.625% 03/01/20280.2%
Sealed Air Corp5.500% 09/15/20250.2%
Full House Resorts Inc8.250% 02/15/20280.2%
Bread Financial Holdings Inc7.000% 01/15/20260.2%
IIP Operating Partnership LP5.500% 05/25/20260.2%
Warrior Met Coal Inc7.875% 12/01/20280.2%
Global Medical Response Inc6.500% 10/01/20250.2%
CWT Travel Group Inc8.500% 11/19/20260.2%
Chesapeake Energy Corp5.500% 02/01/20260.2%
Armor Holdco Inc5.203% 12/11/20280.2%
DISH DBS Corp5.875% 11/15/20240.2%
Fortress Transportation and Infrastructure Investors LLC6.500% 10/01/20250.2%
Nascar Holdings LLC3.264% 10/19/20260.2%
Lamb Weston Holdings Inc4.875% 05/15/20280.2%
LSB Industries Inc6.250% 10/15/20280.2%
Navient Corp5.875% 10/25/20240.2%
Surgery Center Holdings Inc4.500% 08/31/20260.2%
Horizon Therapeutics USA Inc2.438% 03/15/20280.2%
Eyecare Partners LLC4.756% 11/15/20280.2%
Mauser Packaging Solutions Holding Co5.500% 04/15/20240.2%
CROCS INC3.500% 02/17/20290.2%
Grifols Worldwide Operations USA Inc0.000% 11/15/20270.2%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.2%
New Home Co Inc/The7.250% 10/15/20250.2%
NEP Group Inc7.764% 10/19/20260.2%
VICI Properties LP / VICI Note Co Inc4.250% 12/01/20260.2%
1011778 BC ULC / New Red Finance Inc3.500% 02/15/20290.2%
Science Applications International Corp4.875% 04/01/20280.2%
Miller's Ale House Inc5.418% 05/30/20250.2%
Hadrian Merger Sub Inc8.500% 05/01/20260.2%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.2%
CrownRock LP / CrownRock Finance Inc5.625% 10/15/20250.2%
Peabody Energy Corp3.499% 03/31/20250.2%
Specialty Building Products Holdings LLC / SBP Finance Corp6.375% 09/30/20260.2%
United States Steel Corp6.875% 03/01/20290.2%
Sylvamo Corp0.000% 08/18/20280.2%
Lindblad Expeditions LLC6.750% 02/15/20270.2%
CITGO Petroleum Corp6.375% 06/15/20260.2%
Calpine Corp5.125% 03/15/20280.2%
Callon Petroleum Co6.125% 10/01/20240.2%
VUE INTERNATIONAL BIDCO PLC4.750% 07/03/20260.2%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.2%
Talen Energy Supply LLC6.500% 06/01/20250.2%
Cogent Communications Group Inc3.500% 05/01/20260.2%
EQT Corp3.125% 05/15/20260.2%
PBF Holding Co LLC / PBF Finance Corp7.250% 06/15/20250.2%
Nabors Industries Inc9.000% 02/01/20250.2%
AthenaHealth Group Inc4.009% 02/15/20290.2%
Delta Air Lines Inc4.375% 04/19/20280.2%
Bath & Body Works Inc6.694% 01/15/20270.2%
Spring Education Group Inc5.256% 07/30/20250.2%
RIVERBED TECHNOLOGY INC2.000% 12/08/20260.1%
Citigroup Inc3.875% 05/18/21700.1%
Rattler Midstream LP5.625% 07/15/20250.1%
Vodafone Group PLC3.250% 06/04/20810.1%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.500% 04/20/20260.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Granite US Holdings Corp11.000% 10/01/20270.1%
Pactiv LLC7.950% 12/15/20250.1%
National Mentor Holdings Inc4.500% 03/02/20280.1%
Audacy Capital Corp6.500% 05/01/20270.1%
Gibson Brands Inc5.750% 08/11/20280.1%
ASP Unifrax Holdings Inc5.250% 09/30/20280.1%
Verscend Holding Corp4.764% 08/27/20250.1%
Gainwell Acquisition Corp5.006% 10/01/20270.1%
Freeport LNG Investments LLLP4.563% 12/21/20280.1%
Service Properties Trust4.500% 06/15/20230.1%
Playtika Holding Corp3.514% 03/13/20280.1%
Aramark Services Inc2.514% 03/11/20250.1%
Buckeye Partners LP3.950% 12/01/20260.1%
Hudson River Trading LLC3.815% 03/20/20280.1%
Taseko Mines Ltd7.000% 02/15/20260.1%
Cheniere Energy Partners LP4.500% 10/01/20290.1%
NextEra Energy Operating Partners LP4.500% 09/15/20270.1%
Dell International LLC / EMC Corp6.020% 06/15/20260.1%
USA Compression Partners LP / USA Compression Finance Corp6.875% 09/01/20270.1%
VICI PROPERTIES / NOTE5.625% 05/01/20240.1%
Under Armour Inc3.250% 06/15/20260.1%
Bath & Body Works Inc9.375% 07/01/20250.1%
DPL Inc4.350% 04/15/20290.1%
Murphy Oil Corp6.375% 07/15/20280.1%
Trident TPI Holdings Inc9.250% 08/01/20240.1%
NAPA Management Services Corp6.149% 02/23/20290.1%
Vistra Corp8.000% 04/15/21710.1%
Sabre GLBL Inc9.250% 04/15/20250.1%
Spirit AeroSystems Inc5.500% 01/15/20250.1%
Chegg Inc0.000% 09/01/20260.1%
Option Care Health Inc4.375% 10/31/20290.1%
PARKWAY GENERATION LLC0.000% 02/18/20290.1%
Bristow Group Inc6.875% 03/01/20280.1%
SRM Escrow Issuer LLC6.000% 11/01/20280.1%
Tri Pointe Homes Inc5.250% 06/01/20270.1%
National CineMedia LLC5.875% 04/15/20280.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
Peabody Energy Corp6.375% 03/31/20250.1%
Renaissance Holdings Corp4.014% 05/30/20250.1%
American Airlines Group Inc3.750% 03/01/20250.1%
SCP Eye Care Services LLC6.000% 03/16/20280.1%
Life Time Inc5.750% 01/15/20260.1%
EnerSys4.375% 12/15/20270.1%
NextEra Energy Operating Partners LP3.875% 10/15/20260.1%
Occidental Petroleum Corp8.000% 07/15/20250.1%
VICI Properties LP / VICI Note Co Inc3.750% 02/15/20270.1%
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc5.000% 06/01/20290.1%
Venture Global Calcasieu Pass LLC3.875% 08/15/20290.1%
Compass Minerals International Inc4.875% 07/15/20240.1%
Nabors Industries Inc5.750% 02/01/20250.1%
Callon Petroleum Co9.000% 04/01/20250.1%
BFLD 2019-DPLO3.094% 10/15/20340.1%
ZoomInfo Technologies LLC/ZoomInfo Finance Corp3.875% 02/01/20290.1%
Century Communities Inc6.750% 06/01/20270.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Royal Caribbean Cruises Ltd11.500% 06/01/20250.1%
Enova International Inc8.500% 09/15/20250.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Southwestern Energy Co5.375% 02/01/20290.1%
Triumph Group Inc8.875% 06/01/20240.1%
FX USD/GBP 06/220.000% 06/07/20220.1%
Synovus Financial Corp0.000% -0.1%
Imola Merger Corp4.750% 05/15/20290.1%
SEG Holding LLC / SEG Finance Corp5.625% 10/15/20280.1%
Vistra Corp7.000% 06/15/21700.1%
World Wrestling Entertainment Inc3.375% 12/15/20230.1%
American Airlines Group Inc6.500% 07/01/20250.1%
Peninsula Pacific Entertainment LLC / Peninsula Pacific Entertainment Finance In8.500% 11/15/20270.1%
FX USD/EUR 06/220.000% 06/10/20220.1%
FMG Resources August 2006 Pty Ltd5.125% 05/15/20240.1%
Boyne USA Inc4.750% 05/15/20290.1%
Citigroup Inc5.950% 07/30/21700.1%
AVSC Holding Corp0.250% 03/03/20250.1%
Carnival Corp4.000% 08/01/20280.1%
PRA Group Inc7.375% 09/01/20250.1%
Liberty Media Corp-Liberty Formula One1.000% 01/30/20230.1%
CENTURI GROUP INC3.000% 08/27/20280.1%
OSCAR ACQUISITIONCO LLC0.000% 04/16/20290.1%
Syniverse Holdings Inc6.038% 03/09/20230.1%
MOTION FINCO SARL4.256% 11/12/20260.1%
Ally Financial Inc5.750% 11/20/20250.1%
Great Wolf Trust 2019-WOLF2.487% 12/15/20360.1%
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp7.750% 04/15/20250.1%
Solaris Midstream Holdings LLC7.625% 04/01/20260.1%
Stonepeak Taurus Lower Holdings LLC7.751% 01/28/20300.1%
Ken Garff Automotive LLC4.875% 09/15/20280.1%
Service Properties Trust4.500% 03/15/20250.1%
Weatherford International Ltd6.500% 09/15/20280.1%
INTELSAT JACKSON HOLDINGS SA4.920% 02/01/20290.1%
SM Energy Co6.625% 01/15/20270.1%
Party City Holdings Inc8.750% 02/15/20260.1%
SM Energy Co6.750% 09/15/20260.1%
Topgolf International Inc7.000% 02/09/20260.1%
Meritage Homes Corp5.125% 06/06/20270.1%
Summit Behavioral Healthcare LLC5.500% 11/24/20280.1%
WASHINGTON PRIME GROUP LP6.750% 10/20/20250.1%
US Acute Care Solutions LLC6.375% 03/01/20260.1%
Texas Capital Bancshares Inc4.000% 05/06/20310.1%
Kingpin Intermediate Holdings LLC4.500% 07/03/20240.1%
Applied Systems Inc6.506% 09/19/20250.1%
Sabre GLBL Inc5.050% 06/30/20280.1%
CPV Shore Holdings LLC4.520% 12/29/20250.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
Oregon Clean Energy LLC4.750% 03/01/20260.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
SCIH Salt Holdings Inc4.875% 05/01/20280.1%
Alpha Metallurgical Resources Inc10.000% 06/14/20240.1%
YPF Energia Electrica SA10.000% 07/25/20260.1%
Carriage Purchaser Inc7.875% 10/15/20290.1%
Anastasia Parent LLC4.756% 08/11/20250.1%
New Gold Inc6.375% 05/15/20250.1%
Bread Financial Holdings Inc4.750% 12/15/20240.1%
Lightstone Holdco LLC4.750% 01/30/20240.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
Cobham Ultra US Co-Borrower LLC0.000% 11/17/20280.1%
AL GCX HOLDINGS LLC0.000% 04/21/20290.1%
Staples Inc10.750% 04/15/20270.1%
Booz Allen Hamilton Inc3.875% 09/01/20280.1%
Nabors Industries Inc7.375% 05/15/20270.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines LP8.750% 07/15/20260.1%
Travel Leaders Group LLC4.784% 01/25/20240.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Mattel Inc3.375% 04/01/20260.1%
TANK HOLDING CORP6.842% 03/31/20280.1%
ALTAR BIDCO INC.6.100% 02/01/20300.1%
Southwestern Energy Co5.950% 01/23/20250.1%
Carriage Purchaser Inc5.014% 09/30/20280.1%
Millennium Escrow Corp6.625% 08/01/20260.1%
Nathan's Famous Inc6.625% 11/01/20250.1%
VACO HOLDINGS LLC5.801% 01/21/20290.1%
Global Atlantic Fin Co4.700% 10/15/20510.1%
Reverb Buyer Inc4.506% 11/01/20280.1%
Meritage Homes Corp6.000% 06/01/20250.1%
Alterra Mountain Co3.514% 07/31/20240.1%
Antero Resources Corp8.375% 07/15/20260.1%
BANFF MERGER SUB INC6.264% 02/27/20260.1%
AMN Healthcare Inc4.625% 10/01/20270.1%
Scientific Games International Inc8.625% 07/01/20250.1%
Coty Inc5.000% 04/15/20260.1%
Party City Holdings Inc6.625% 08/01/20260.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.500% 03/01/20250.1%
USIC Holdings Inc7.264% 05/14/20290.1%
Great Wolf Trust 2019-WOLF3.286% 12/15/20360.1%
Engineered Components & Systems LLC6.500% 08/02/20280.1%
LSCS HOLDINGS INC.5.264% 12/16/20280.1%
Party City Holdings Inc6.125% 08/15/20230.1%
Bulldog Purchaser Inc4.258% 09/05/20250.1%
MGM Resorts International5.750% 06/15/20250.1%
Great Wolf Trust 2019-WOLF1.888% 12/15/20360.1%
Coty Inc6.500% 04/15/20260.1%
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%
Equinox Holdings Inc10.006% 03/08/20240.0%
Clarios Global LP6.750% 05/15/20250.0%
Caesars Resort Collection LLC / CRC Finco Inc5.750% 07/01/20250.0%
Equinox Holdings Inc4.006% 03/08/20240.0%
Booz Allen Hamilton Inc4.000% 07/01/20290.0%
Silgan Holdings Inc4.125% 02/01/20280.0%
Uber Technologies Inc7.500% 05/15/20250.0%
CANOPY GROWTH CORPORATION7.000% 03/18/20260.0%
Avient Corp5.750% 05/15/20250.0%
Buckeye Partners LP4.125% 03/01/20250.0%
Picasso Finance Sub Inc6.125% 06/15/20250.0%
Diamond Sports Group LLC / Diamond Sports Finance Co5.375% 08/15/20260.0%
VICI PROPERTIES/ NOTE4.625% 06/15/20250.0%
ELEMENT MAT TEC GR US HLD INC0.000% 04/12/20290.0%
KKR Industrial Portfolio Trust 2021-KDIP1.804% 12/15/20370.0%
KKR Industrial Portfolio Trust 2021-KDIP2.104% 12/15/20370.0%
KKR Industrial Portfolio Trust 2021-KDIP2.604% 12/15/20370.0%
AthenaHealth Group Inc0.018% 02/15/20290.0%
SCP Eye Care Services LLC0.045% 03/16/20280.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
PARKWAY GENERATION LLC0.000% 02/18/20290.0%
ECHO GLOBAL LOGISTICS INC4.514% 11/23/20280.0%
FX USD/GBP 06/220.000% 06/07/20220.0%
MOTION FINCO SARL0.043% 11/12/20260.0%
Reverb Buyer Inc0.035% 11/01/20280.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
Lightstone Holdco LLC4.750% 01/30/20240.0%
National Mentor Holdings Inc4.760% 03/02/20280.0%
ESC GCB144A HERTZ CORP5.500% 10/15/20240.0%
Commercial Mortgage Backed Index Swap2.000% 05/11/20630.0%
ESC GCB HERTZ CORP6.250% 10/15/20220.0%
FX GBP/USD 06/220.000% 06/07/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
US 5YR NOTE (CBT) Jun220.000% 07/06/20220.0%
FX USD/EUR 06/220.000% 06/10/20220.0%
US 2YR NOTE (CBT) Jun220.000% 07/06/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%
FX EUR/USD 06/220.000% 06/10/20220.0%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 05/31/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
1.81% 0.51%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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*"Barron's Best Fund Families of 2021", #4 ranking in the Taxable Bond category based on the net total return of the one-year period ending 12/31/2021, among 51 qualifying fund families. Ranking for the ten-year period ending 12/31/2021 is #2 out of 45 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2021,” February 18, 2022. 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, 2021, 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 2022. 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.

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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.      

                    

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There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

 

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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