LSYAX | Short Duration High Yield Fund Class A | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)
View All Tracked Funds
View All Tracked Funds

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Check Out Go Literature Center

 

Short Duration High Yield Fund

Daily price w/o sales charge as of 01/21/2022

$10.65

arrowDown$0.04

YTD Returns w/o sales charge as of 01/21/2022

-0.63%

Click here to view all legal text including risk information

Summary

Summary

What is the Short Duration High Yield Fund?

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

 

Yield

Dividend Yield 1 as of 01/21/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.39% 4.09%
w/ sales charge 5.27% 4.00%

30-Day Standardized Yield 2 as of 12/31/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.88% 2.95%

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

Expense Ratioas of 12/31/2021

Expense ratio details, Click here.

Fund Basicsas of 12/31/2021

Total Net Assets
$19.91 M
Inception Date
05/01/2020
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
432
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 2.01%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 5.53% 5.53% - - - 11.66%
Lipper Category Avg. Short High Yield Funds 4.32% 4.32% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD 4.87% 4.87% - - - 11.09%
w/ sales charge 3.16% 3.16% - - - 10.15%

Fund Expense Ratio :

Gross 2.01%

Net 0.71%

Fund Expense Ratio :

Gross 2.01%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 5.53% 5.53% - - - 11.66%
Lipper Category Avg. Short High Yield Funds 4.32% 4.32% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD 4.87% 4.87% - - - 11.09%
w/ sales charge 3.16% 3.16% - - - 10.15%

Fund Expense Ratio :

Gross 2.01%

Net 0.71%

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.

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

20 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director, Portfolio Manager

13 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Portfolio Manager

8 Years of Industry Experience

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

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 01/21/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.39% 4.09%
w/ sales charge 5.27% 4.00%

30-Day Standardized Yield 2 as of 12/31/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.88% 2.95%

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

Fund Expense Ratio :

Gross 2.01%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 5.53% 5.53% - - - 11.66%
Lipper Category Avg. Short High Yield Funds 4.32% 4.32% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD 4.87% 4.87% - - - 11.09%
w/ sales charge 3.16% 3.16% - - - 10.15%

Fund Expense Ratio :

Gross 2.01%

Net 0.71%

Fund Expense Ratio :

Gross 2.01%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 5.53% 5.53% - - - 11.66%
Lipper Category Avg. Short High Yield Funds 4.32% 4.32% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD 4.87% 4.87% - - - 11.09%
w/ sales charge 3.16% 3.16% - - - 10.15%

Fund Expense Ratio :

Gross 2.01%

Net 0.71%

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.

Year Fund Returns ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD
2021 5.53% 4.87%
2020 13.93% 3.85%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 1.94% 2.01% 0.71% 0.76% 5.53%
2020 - - 4.02% 5.36% 13.93%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

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 12/31/2021

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

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 03/31/2021

  • One of the Fund’s largest sector overweights is in leisure, which is largely driven by the Fund’s allocation to regional gaming credits, such as casinos. In our view, the gaming industry has benefited from strong operating improvements due to drastic cost-cutting including reduced promotional spend, as well as pent-up demand. The Fund’s focus on regional gaming has also benefited from an emphasis on operators who are less reliant on ‘fly-in’ customers and workweek business conferences, both of which are a larger part of the industry in international gaming centers such as Las Vegas.
  • We continue to have a broadly constructive view on high yield credit even while acknowledging that today’s valuations are far less dislocated than they were for much of 2020. Management teams have broadly positioned balance sheets to weather any residual economic softness near term through an active new issue market while also working to preserve margins. For 2021, we believe potential outperformance will likely be sourced by idiosyncratic opportunities within high yield as opposed to broad market moves. We continue to see upside in fallen angels, many of which we believe will regain investment grade status over the coming year or two. Further, while the pandemic has accelerated the secular struggles of segments of the economy, it has produced structural changes with new beneficiaries.  The Fund’s positioning currently reflects this view as we are investing in companies and industries that we believe are better poised to adapt to and benefit from these structural economic changes.

PORTFOLIO DETAILS as of 12/31/2021

Total Net Assets
$19.91 M
Number of Issues
432
Average Coupon
5.64%
Average Maturity
3.55 Years
Average Effective Duration
2.02 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 2.0%
CARLYLE US CLO 2021-4 LTD 6.732% 04/20/2034 1.3%
AMMC CLO 24 Ltd 6.768% 01/20/2035 1.3%
TransDigm Inc 5.500% 11/15/2027 1.2%
Ford Motor Credit Co LLC 3.815% 11/02/2027 1.1%
Welltec International ApS 8.250% 10/15/2026 1.1%
CA Magnum Holdings 5.375% 10/31/2026 1.0%
Ford Motor Co 4.346% 12/08/2026 1.0%
Empire Resorts Inc 7.750% 11/01/2026 1.0%
Tianqi Finco Co Ltd 3.750% 11/28/2022 1.0%
% of Total Assets 12.0%
Holding Coupon Maturity Assets
Occidental Petroleum Corp5.550% 03/15/20261.9%
CARLYLE US CLO 2021-4 LTD6.732% 04/20/20341.3%
Webster Park CLO Ltd1.932% 07/20/20301.3%
AMMC CLO 24 Ltd6.743% 01/20/20351.2%
TransDigm Inc5.500% 11/15/20271.1%
Ford Motor Credit Co LLC3.815% 11/02/20271.0%
CA Magnum Holdings5.375% 10/31/20261.0%
Welltec International ApS8.250% 10/15/20261.0%
Empire Resorts Inc7.750% 11/01/20261.0%
Tianqi Finco Co Ltd3.750% 11/28/20221.0%
American Airlines Inc11.750% 07/15/20251.0%
Ford Motor Co4.346% 12/08/20260.9%
Sprint Corp7.625% 02/15/20250.8%
Voya CLO 2019-1 Ltd1.674% 04/15/20310.8%
Freeport-McMoRan Inc4.550% 11/14/20240.7%
Navient Corp6.750% 06/25/20250.7%
Pinewood Finance Co Ltd3.625% 11/15/20270.7%
Matador Resources Co5.875% 09/15/20260.7%
IPD 3 BV5.500% 12/01/20250.6%
PeopleCert Wisdom Issuer PLC5.750% 09/15/20260.6%
JPMorgan Chase & Co4.000% 10/01/21700.6%
Centennial Resource Production LLC5.375% 01/15/20260.6%
Western Midstream Operating LP3.950% 06/01/20250.6%
Peach Property Finance GmbH4.375% 11/15/20250.6%
Pinnacle Bidco PLC5.500% 02/15/20250.6%
Cullinan Holdco Scsp4.625% 10/15/20260.6%
Promontoria Holding 264 BV6.750% 08/15/20230.6%
Juventus Football Club SpA3.375% 02/19/20240.6%
Stonegate Pub Co Financing 2019 PLC5.750% 07/31/20250.6%
Vivion Investments Sarl3.000% 08/08/20240.6%
SM Energy Co5.625% 06/01/20250.6%
Inter Media and Communication SpA4.875% 12/31/20220.5%
Signa Development Finance SCS5.500% 07/23/20260.5%
AMMC CLO 15 Ltd3.524% 01/15/20320.5%
JP Morgan Chase Commercial Mortgage Securities Trust 2021-14403.940% 03/15/20360.5%
Oceaneering International Inc4.650% 11/15/20240.5%
OneMain Finance Corp8.875% 06/01/20250.5%
Laredo Petroleum Inc9.500% 01/15/20250.5%
PBF Holding Co LLC / PBF Finance Corp9.250% 05/15/20250.5%
General Electric Co3.446% 06/15/21700.5%
Quikrete Holdings Inc0.000% 06/11/20280.5%
Howmet Aerospace Inc6.875% 05/01/20250.5%
Caesars Entertainment Inc6.250% 07/01/20250.5%
California Resources Corp7.125% 02/01/20260.4%
Apache Corp4.625% 11/15/20250.4%
Precision Drilling Corp7.125% 01/15/20260.4%
Warrior Met Coal Inc8.000% 11/01/20240.4%
Carnival Corp10.500% 02/01/20260.4%
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc2.875% 10/15/20260.4%
MND Holdings III Corp4.500% 06/19/20240.4%
Southwestern Energy Co6.450% 01/23/20250.4%
EQT Corp6.625% 02/01/20250.4%
Range Resources Corp4.875% 05/15/20250.4%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.4%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.4%
Buckeye Partners LP6.375% 01/22/20780.4%
Energy Transfer LP6.500% 11/15/21700.4%
MGM Resorts International6.000% 03/15/20230.4%
Forestar Group Inc3.850% 05/15/20260.4%
Guitar Center Inc8.500% 01/15/20260.4%
Colgate Energy Partners III LLC7.750% 02/15/20260.4%
Oasis Petroleum Inc6.375% 06/01/20260.4%
MEG Energy Corp7.125% 02/01/20270.4%
Tenet Healthcare Corp4.875% 01/01/20260.4%
OneMain Finance Corp7.125% 03/15/20260.4%
TechnipFMC PLC6.500% 02/01/20260.4%
Weatherford International Ltd11.000% 12/01/20240.4%
Northriver Midstream Finance LP5.625% 02/15/20260.4%
American Airlines Group Inc3.750% 03/01/20250.4%
Legacy LifePoint Health LLC4.375% 02/15/20270.4%
Jefferson Capital Holdings LLC6.000% 08/15/20260.3%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.3%
Nouryon USA LLC3.092% 10/01/20250.3%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.3%
CITGO Petroleum Corp7.000% 06/15/20250.3%
Navient Corp6.750% 06/15/20260.3%
PDC Energy Inc5.750% 05/15/20260.3%
Gulfport Energy Operating Corp8.000% 05/17/20260.3%
Trinity Industries Inc4.550% 10/01/20240.3%
ASP Unifrax Holdings Inc3.882% 12/12/20250.3%
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp6.000% 08/01/20260.3%
OneMain Finance Corp8.250% 10/01/20230.3%
VICI Properties LP / VICI Note Co Inc3.500% 02/15/20250.3%
Bombardier Inc7.125% 06/15/20260.3%
SVB Financial Group4.250% 02/15/21700.3%
Royal Caribbean Cruises Ltd9.125% 06/15/20230.3%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.3%
Downstream Development Authority of the Quapaw Tribe of Oklahoma10.500% 02/15/20230.3%
USA Compression Partners LP / USA Compression Finance Corp6.875% 04/01/20260.3%
Berry Petroleum Co LLC7.000% 02/15/20260.3%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.250% 03/15/20260.3%
FXI Holdings Inc7.875% 11/01/20240.3%
Chassix Inc6.500% 11/15/20230.3%
Fly Leasing Ltd7.000% 10/15/20240.3%
Blackstone Mortgage Trust Inc3.750% 01/15/20270.3%
Aircastle Ltd5.250% 09/15/21700.3%
Claros Mortgage Trust Inc6.000% 08/09/20260.3%
DIRECT CHASSISLINK INC6.874% 04/10/20260.3%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp5.250% 10/01/20250.3%
Advisor Group Holdings Inc4.590% 07/31/20260.3%
MGM Resorts International5.500% 04/15/20270.3%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.3%
Callon Petroleum Co6.375% 07/01/20260.3%
Antero Midstream Partners LP / Antero Midstream Finance Corp7.875% 05/15/20260.3%
BEP Ulterra Holdings Inc5.340% 11/26/20250.3%
Edelman Financial Engines Center LLC/The4.250% 04/07/20280.3%
TRI Pointe Group Inc / TRI Pointe Homes Inc5.875% 06/15/20240.3%
Coronado Finance Pty Ltd10.750% 05/15/20260.3%
Travel + Leisure Co6.625% 07/31/20260.3%
Advisor Group Holdings Inc10.750% 08/01/20270.3%
Brundage-Bone Concrete Pumping Holdings Inc6.000% 02/01/20260.3%
Air Lease Corp4.650% 06/15/21700.3%
Hudbay Minerals Inc4.500% 04/01/20260.3%
Ingevity Corp4.500% 02/01/20260.3%
Air Canada3.875% 08/15/20260.3%
Fortress Transportation and Infrastructure Investors LLC6.500% 10/01/20250.3%
Ford Motor Co0.000% 03/15/20260.3%
Lithia Motors Inc4.625% 12/15/20270.3%
Gray Television Inc7.000% 05/15/20270.3%
Cooke Omega Investments Inc / Alpha VesselCo Holdings Inc8.500% 12/15/20220.3%
New Home Co Inc/The7.250% 10/15/20250.3%
Chesapeake Energy Corp5.500% 02/01/20260.3%
Popular Inc6.125% 09/14/20230.3%
Live Nation Entertainment Inc2.500% 03/15/20230.3%
CHS/Community Health Systems Inc5.625% 03/15/20270.3%
Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op5.500% 05/01/20250.3%
Independence Energy Finance LLC7.250% 05/01/20260.3%
Ally Financial Inc4.700% 08/15/21700.3%
DISH DBS Corp5.875% 11/15/20240.3%
Specialty Building Products Holdings LLC / SBP Finance Corp6.375% 09/30/20260.3%
Brazos Delaware II LLC4.091% 05/21/20250.3%
Nexstar Media Inc2.586% 09/18/20260.3%
RH0.000% 10/20/20280.3%
Sirius XM Radio Inc3.125% 09/01/20260.3%
Goldman Sachs Group Inc/The4.125% 05/10/21700.3%
ACProducts Holdings Inc4.750% 05/17/20280.3%
Foundation Building Materials Inc3.340% 02/03/20280.3%
Hudson River Trading LLC3.090% 03/20/20280.3%
PHH Mortgage Corp7.875% 03/15/20260.2%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.2%
Petroleos Mexicanos6.875% 08/04/20260.2%
KUEHG Corp4.750% 02/21/20250.2%
VistaJet Malta Finance PLC / XO Management Holding Inc10.500% 06/01/20240.2%
Red Planet Borrower LLC4.250% 10/02/20280.2%
Party City Holdings Inc8.750% 02/15/20260.2%
CrownRock LP / CrownRock Finance Inc5.625% 10/15/20250.2%
Citgo Holding Inc9.250% 08/01/20240.2%
Esdec Solar Group BV5.750% 08/30/20280.2%
Microchip Technology Inc4.250% 09/01/20250.2%
EQT Corp3.125% 05/15/20260.2%
Manitowoc Co Inc/The9.000% 04/01/20260.2%
Applied Systems Inc3.750% 09/19/20240.2%
STL Holding Co LLC7.500% 02/15/20260.2%
Callon Petroleum Co6.125% 10/01/20240.2%
AVSC Holding Corp0.000% 03/03/20250.2%
Citigroup Inc3.875% 05/18/21700.2%
Alpha Metallurgical Resources Inc10.000% 06/14/20240.2%
Sweetwater Borrower LLC5.500% 08/07/20280.2%
Peabody Energy Corp2.842% 03/31/20250.2%
William Carter Co/The5.500% 05/15/20250.2%
Air Methods Corp8.000% 05/15/20250.2%
Western Digital Corp4.750% 02/15/20260.2%
United PF Holdings LLC4.132% 12/30/20260.2%
Range Resources Corp5.000% 03/15/20230.2%
Uber Technologies Inc8.000% 11/01/20260.2%
Radian Group Inc4.875% 03/15/20270.2%
Sunnova Energy Corp5.875% 09/01/20260.2%
Sprint Corp7.625% 03/01/20260.2%
Deliver Buyer Inc5.132% 05/01/20240.2%
Nabors Industries Inc9.000% 02/01/20250.2%
Triumph Group Inc7.750% 08/15/20250.2%
Torrid LLC6.250% 05/19/20280.2%
Solaris Midstream Holdings LLC7.625% 04/01/20260.2%
Granite US Holdings Corp11.000% 10/01/20270.2%
JB Poindexter & Co Inc7.125% 04/15/20260.2%
Cinemark USA Inc1.850% 03/31/20250.2%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.2%
Peabody Energy Corp6.375% 03/31/20250.2%
Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.2%
AMC Entertainment Holdings Inc12.000% 06/15/20260.2%
Engineered Machinery Holdings Inc4.500% 05/19/20280.2%
Bath & Body Works Inc9.375% 07/01/20250.2%
Heartland Dental LLC3.590% 04/30/20250.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.2%
Insulet Corp3.750% 05/04/20280.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
EMPLOYBRIDGE LLC5.500% 07/14/20280.2%
Array Technologies Inc3.750% 10/14/20270.2%
New Relic Inc0.500% 05/01/20230.2%
Hawaiian Airlines 2013-1 Class A Pass Through Certificates3.900% 07/15/20270.2%
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc5.625% 05/01/20240.2%
Hertz Corp/The4.625% 12/01/20260.2%
Tri Pointe Homes Inc5.250% 06/01/20270.2%
Cloudflare Inc0.000% 08/15/20260.2%
Fastlane Parent Co Inc4.593% 02/04/20260.2%
Antero Resources Corp4.250% 09/01/20260.2%
Adient US LLC9.000% 04/15/20250.2%
Select Medical Corp6.250% 08/15/20260.2%
Terraform Global Operating LLC6.125% 03/01/20260.2%
Electron Bidco Inc3.750% 11/01/20280.2%
Turning Point Brands Inc5.625% 02/15/20260.2%
GCP Applied Technologies Inc5.500% 04/15/20260.2%
AppLovin Corp0.000% 10/25/20280.2%
Vistra Corp8.000% 04/15/21700.2%
Spirit AeroSystems Inc5.500% 01/15/20250.2%
Granite US Holdings Corp4.132% 09/30/20260.2%
NextEra Energy Operating Partners LP3.875% 10/15/20260.2%
City Football Group Ltd4.000% 07/21/20280.2%
Alta Equipment Group Inc5.625% 04/15/20260.2%
THINK + LEARN PRIVATE LIMITED0.000% 11/05/20260.2%
Radiology Partners Inc9.250% 02/01/20280.2%
Calpine Corp5.250% 06/01/20260.2%
Brand Industrial Services Inc5.250% 06/21/20240.2%
Life Time Inc5.750% 01/15/20260.2%
FX USD/EUR 12/210.000% 12/10/20210.2%
Radiate Holdco LLC / Radiate Finance Inc4.500% 09/15/20260.2%
FirstEnergy Corp2.050% 03/01/20250.2%
Magenta Buyer LLC5.750% 07/27/20280.2%
Renaissance Holdings Corp3.340% 05/30/20250.2%
BCP Raptor II LLC4.840% 11/03/20250.2%
Carvana Co5.625% 10/01/20250.2%
Resolute Forest Products Inc4.875% 03/01/20260.2%
Robertshaw US Holding Corp4.500% 02/28/20250.2%
Arcline FM Holdings LLC5.500% 06/23/20280.2%
W&T Offshore Inc9.750% 11/01/20230.2%
Compass Minerals International Inc4.875% 07/15/20240.2%
Alliance Data Systems Corp4.750% 12/15/20240.2%
Staples Inc7.500% 04/15/20260.2%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.2%
Sensata Technologies BV5.000% 10/01/20250.2%
Callon Petroleum Co9.000% 04/01/20250.2%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.2%
PennyMac Financial Services Inc5.375% 10/15/20250.2%
Newell Brands Inc4.700% 04/01/20260.2%
TripAdvisor Inc7.000% 07/15/20250.2%
BFLD 2019-DPLO2.630% 10/15/20340.2%
Prime Security Services Borrower LLC / Prime Finance Inc5.750% 04/15/20260.2%
White Cap Parent LLC8.250% 03/15/20260.2%
Carriage Purchaser Inc5.000% 09/30/20280.2%
LUCID ENRGY GRP II BORWR LLC0.000% 11/24/20280.2%
Synovus Financial Corp0.000% -0.2%
Staples Inc10.750% 04/15/20270.2%
Energy Acquisition Co Inc4.349% 06/26/20250.2%
WP CPP Holdings LLC4.750% 04/30/20250.2%
Royal Caribbean Cruises Ltd11.500% 06/01/20250.2%
Tenneco Inc5.000% 07/15/20260.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
CENTURI GROUP INC3.000% 08/18/20280.2%
CCM Merger Inc6.375% 05/01/20260.2%
Astoria Energy LLC4.500% 12/10/20270.2%
CryoPort Inc0.750% 12/01/20260.2%
Airbnb Inc0.000% 03/15/20260.2%
Banijay Group US Holding Inc3.838% 03/01/20250.2%
Carnival Corp4.000% 08/01/20280.1%
Sugarhouse HSP Gaming Prop Mezz LP / Sugarhouse HSP Gaming Finance Corp5.875% 05/15/20250.1%
Vail Resorts Inc0.000% 01/01/20260.1%
Clark Equipment Co5.875% 06/01/20250.1%
Civitas Resources Inc5.000% 10/15/20260.1%
ON Semiconductor Corp0.000% 05/01/20270.1%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.1%
FMG Resources August 2006 Pty Ltd5.125% 05/15/20240.1%
RBC Bearings Inc0.000% 10/15/20240.1%
Ally Financial Inc5.750% 11/20/20250.1%
VUE INTERNATIONAL BIDCO PLC4.750% 07/03/20260.1%
Nabors Industries Inc5.750% 02/01/20250.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
Citigroup Inc5.950% 07/30/21700.1%
Shopify Inc0.125% 11/01/20250.1%
Ovintiv Exploration Inc5.375% 01/01/20260.1%
PRA Group Inc7.375% 09/01/20250.1%
Park-Ohio Industries Inc6.625% 04/15/20270.1%
Atlas Air Worldwide Holdings Inc1.875% 06/01/20240.1%
Murphy Oil Corp6.875% 08/15/20240.1%
Natural Resource Partners LP / NRP Finance Corp9.125% 06/30/20250.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
Syniverse Holdings Inc6.000% 03/09/20230.1%
IH Merger Sub LLC3.500% 01/15/20220.1%
Great Wolf Trust 2019-WOLF2.023% 12/15/20360.1%
Outfront Media Capital LLC / Outfront Media Capital Corp6.250% 06/15/20250.1%
US Renal Care Inc5.090% 06/26/20260.1%
XHR LP6.375% 08/15/20250.1%
Nexstar Media Inc5.625% 07/15/20270.1%
MOTION FINCO SARL3.382% 11/12/20260.1%
Spectacle Gary Holdings LLC11.000% 12/23/20250.1%
Texas Capital Bancshares Inc4.000% 05/06/20310.1%
US Acute Care Solutions LLC6.375% 03/01/20260.1%
Goodyear Tire & Rubber Co/The9.500% 05/31/20250.1%
Nathan's Famous Inc6.625% 11/01/20250.1%
Grab Holdings Inc5.500% 01/29/20260.1%
Plains All American Pipeline LP6.125% 11/15/21700.1%
Brand Industrial Services Inc8.500% 07/15/20250.1%
SM Energy Co6.750% 09/15/20260.1%
Topgolf International Inc7.000% 02/09/20260.1%
NMG Holding Co Inc / Neiman Marcus Group LLC7.125% 04/01/20260.1%
National Mentor Holdings Inc4.500% 03/02/20280.1%
Livent Corp4.125% 07/15/20250.1%
LD Holdings Group LLC6.500% 11/01/20250.1%
Hadrian Merger Sub Inc8.500% 05/01/20260.1%
NEP Group Inc7.090% 10/19/20260.1%
Talen Energy Supply LLC6.500% 06/01/20250.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
Spring Education Group Inc4.382% 07/30/20250.1%
Team Health Holdings Inc3.750% 02/06/20240.1%
Nabors Industries Ltd7.250% 01/15/20260.1%
Credit Acceptance Corp5.125% 12/31/20240.1%
Upstart Holdings Inc0.250% 08/15/20260.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
Sabre GLBL Inc9.250% 04/15/20250.1%
Global Medical Response Inc6.500% 10/01/20250.1%
Warrior Met Coal Inc7.875% 12/01/20280.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
Anastasia Parent LLC3.882% 08/11/20250.1%
COBHAM ULTRA SENIORCO SARL0.000% 11/16/20280.1%
Triumph Group Inc8.875% 06/01/20240.1%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.1%
IIP Operating Partnership LP5.500% 05/25/20260.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines LP8.750% 07/15/20260.1%
New Gold Inc6.375% 05/15/20250.1%
Mattel Inc3.375% 04/01/20260.1%
Patrick Industries Inc7.500% 10/15/20270.1%
Rising Tide Holdings Inc5.500% 06/01/20280.1%
Elwood Energy LLC8.159% 07/05/20260.1%
CITGO Petroleum Corp6.375% 06/15/20260.1%
Life Time Inc8.000% 04/15/20260.1%
HubSpot Inc0.375% 06/01/20250.1%
Global Atlantic Fin Co4.700% 10/15/20510.1%
Dexcom Inc0.750% 12/01/20230.1%
Gibson Brands Inc5.750% 08/11/20280.1%
Rackspace Technology Global Inc5.375% 12/01/20280.1%
Freeport LNG Investments LLLP0.000% 11/17/20280.1%
Winnebago Industries Inc1.500% 04/01/20250.1%
Helix Gen Funding LLC4.750% 06/03/20240.1%
Avaya Inc6.125% 09/15/20280.1%
MEDASSETS SFWR INMT HLNG INC0.000% 11/17/20280.1%
Taseko Mines Ltd7.000% 02/15/20260.1%
Nabors Industries Inc7.375% 05/15/20270.1%
PDC Energy Inc6.125% 09/15/20240.1%
Raptor Acquisition Corp / Raptor Co-Issuer LLC4.875% 11/01/20260.1%
Meritage Homes Corp6.000% 06/01/20250.1%
SolarEdge Technologies Inc0.000% 09/15/20250.1%
Scorpio Tankers Inc3.000% 05/15/20250.1%
LFS Topco LLC5.875% 10/15/20260.1%
ChampionX Corp6.375% 05/01/20260.1%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.1%
Bentley Systems Inc0.125% 01/15/20260.1%
AIT Worldwide Logistics Holdings Inc5.500% 03/31/20280.1%
CPI CG Inc8.625% 03/15/20260.1%
Antero Resources Corp8.375% 07/15/20260.1%
BANFF MERGER SUB INC6.000% 02/27/20260.1%
Medical Solutions Holdings Inc4.000% 11/01/20280.1%
Renewable Energy Group Inc5.875% 06/01/20280.1%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.1%
Alterra Mountain Co2.840% 07/31/20240.1%
Granite Construction Inc2.750% 11/01/20240.1%
Scientific Games International Inc8.625% 07/01/20250.1%
Murphy Oil Corp5.750% 08/15/20250.1%
Party City Holdings Inc6.625% 08/01/20260.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.500% 03/01/20250.1%
FENDER MSCL INSTMNS CORPTN0.000% 12/01/20280.1%
Avolon Holdings Funding Ltd5.500% 01/15/20260.1%
CEC Entertainment LLC6.750% 05/01/20260.1%
USIC Holdings Inc7.250% 05/07/20290.1%
Fair Isaac Corp5.250% 05/15/20260.1%
Great Wolf Trust 2019-WOLF2.822% 12/15/20360.1%
MGM Resorts International5.750% 06/15/20250.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Buckeye Partners LP3.950% 12/01/20260.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-LAQ1.390% 06/15/20320.1%
LSCS HOLDINGS INC.0.000% 11/23/20280.1%
ModivCare Inc5.875% 11/15/20250.1%
LSF11 A5 HoldCo LLC4.250% 10/15/20280.1%
Ritchie Bros Auctioneers Inc5.375% 01/15/20250.1%
Fresh Market Inc/The9.750% 05/01/20230.1%
Coty Inc6.500% 04/15/20260.1%
Bulldog Purchaser Inc3.925% 09/05/20250.1%
Cvent Inc3.840% 11/29/20240.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp4.250% 02/01/20270.1%
Great Wolf Trust 2019-WOLF1.424% 12/15/20360.1%
Associated Asphalt Partners LLC6.250% 04/05/20240.1%
BROOKS AUTOMATION INC0.000% 11/04/20290.1%
Sabre GLBL Inc7.375% 09/01/20250.1%
BDF ACQUISITION CORP6.250% 08/14/20230.1%
Aramark Services Inc1.840% 03/11/20250.1%
Engineered Components & Systems LLC6.500% 08/02/20280.1%
Coty Inc5.000% 04/15/20260.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp4.250% 05/30/20230.1%
Equinox Holdings Inc10.000% 03/08/20240.1%
Caesars Resort Collection LLC / CRC Finco Inc5.750% 07/01/20250.1%
Diamond Sports Group LLC / Diamond Sports Finance Co5.375% 08/15/20260.1%
Clarios Global LP6.750% 05/15/20250.1%
CANOPY GROWTH CORPORATION9.500% 03/18/20260.1%
Equinox Holdings Inc4.000% 03/08/20240.1%
NCL Corp Ltd12.250% 05/15/20240.1%
WASHINGTON PRIME GROUP LP0.000% 12/30/20210.1%
Uber Technologies Inc7.500% 05/15/20250.1%
Vail Resorts Inc6.250% 05/15/20250.1%
ECHO GLOBAL LOGISTICS INC4.250% 11/04/20280.1%
Avient Corp5.750% 05/15/20250.1%
MEG Energy Corp6.500% 01/15/20250.1%
Buckeye Partners LP4.125% 03/01/20250.1%
Imperva Inc5.000% 01/12/20260.1%
Picasso Finance Sub Inc6.125% 06/15/20250.1%
MGM Resorts International6.750% 05/01/20250.1%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.500% 04/20/20260.1%
Transocean Proteus Ltd6.250% 12/01/20240.1%
Rattler Midstream LP5.625% 07/15/20250.1%
Transocean Guardian Ltd5.875% 01/15/20240.1%
SSL Robotics LLC9.750% 12/31/20230.1%
Refficiency Holdings LLC4.500% 12/16/20270.1%
RegionalCare Hospital Partners Holdings Inc / LifePoint Health Inc9.750% 12/01/20260.1%
THE ULTIMATE SW GRP INC0.000% 05/03/20270.0%
Mohegan Gaming & Entertainment7.875% 10/15/20240.0%
Tap Rock Resources LLC7.000% 10/01/20260.0%
WASHINGTON PRIME GROUP LP0.000% 12/30/20220.0%
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc4.625% 06/15/20250.0%
Boyd Gaming Corp8.625% 06/01/20250.0%
KKR Industrial Portfolio Trust 2021-KDIP1.340% 12/15/20370.0%
KKR Industrial Portfolio Trust 2021-KDIP1.640% 12/15/20370.0%
KKR Industrial Portfolio Trust 2021-KDIP2.140% 12/15/20370.0%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.0%
Caesars Entertainment Inc8.125% 07/01/20270.0%
CD&R Smokey Buyer Inc6.750% 07/15/20250.0%
Trident TPI Holdings Inc9.250% 08/01/20240.0%
Global Medical Response Inc5.250% 03/14/20250.0%
Caleres Inc6.250% 08/15/20230.0%
Novelis Corp3.250% 11/15/20260.0%
Arcor SAIC6.000% 07/06/20230.0%
Washington Prime Group LP0.000% 01/10/20230.0%
TRANS UNION LLC0.000% 11/16/20290.0%
Life Time Inc5.750% 12/16/20240.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
WideOpenWest Finance LLC4.250% 08/18/20230.0%
Engineered Components & Systems LLC0.030% 08/02/20280.0%
Comstock Resources Inc7.500% 05/15/20250.0%
MOTION FINCO SARL0.034% 11/12/20260.0%
Medical Solutions Holdings Inc0.000% 11/01/20280.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
Navient Corp5.000% 03/15/20270.0%
FX USD/GBP 12/210.000% 12/07/20210.0%
Refficiency Holdings LLC0.040% 12/31/20270.0%
Spectacle Gary Holdings LLC0.110% 12/23/20250.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
National Mentor Holdings Inc0.038% 03/02/20280.0%
National Mentor Holdings Inc4.500% 03/02/20280.0%
ESC GCB144A HERTZ CORP5.500% 10/15/20240.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
Eyecare Partners LLC3.882% 02/18/20270.0%
ESC GCB HERTZ CORP6.250% 10/15/20220.0%
Miller's Ale House Inc4.841% 05/30/20250.0%
CSC Holdings LLC2.339% 07/17/20250.0%
LTI Holdings Inc3.594% 09/06/20250.0%
Panera Bread Co2.375% 07/18/20220.0%
Commercial Mortgage Backed Index Swap2.000% 05/11/20630.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
Credit Index Swap5.000% 12/20/20260.0%
US 2YR NOTE (CBT) Mar220.000% 04/05/20220.0%
US 5YR NOTE (CBT) Mar220.000% 04/05/20220.0%

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

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 01/21/2022

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $10.90
$100,000 to $249,999 1.75% 1.50% $10.84
$250,000 to $499,999 1.25% 1.00% $10.78
$500,000 to $999,999 0.00% 1.00% $10.65
$1,000,000 to $5,000,000 0.00% 1.00% $10.65

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 12/31/2021

Expense ratio details, Click here.

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
n/a
Portfolio Holdings 1Q
Publish Date:11/03/2015
n/a
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
 Quantity
Quantity
 Remove
Remove

*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.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

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.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field