LTRYX | Total Return Fund Class I | Lord Abbett

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Total Return Fund

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Daily price w/o sales charge as of 11/30/2022

$8.78

arrowUp$0.05

YTD Returns w/o sales charge as of 11/30/2022

-13.48%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the Total Return Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities, with select allocations to high yield and foreign debt securities.

 

EXPERIENCED INVESTMENT TEAM

Managed through collaboration among 40+ investment professionals in portfolio management, credit research, and trading.

DISCIPLINED, FLEXIBLE APPROACH

Utilizes a blend of fundamental research and quantitative analysis in seeking to add value through sector rotation, security selection, and rigorous risk management.

CONSISTENT, RISK-ADJUSTED RETURNS

Has offered a track record of generating above-average returns with below-average risk in a variety of market environments, versus its peers in the Morningstar Intermediate-Term Bond Category.

 

Yield

Dividend Yield 1 as of 11/30/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.21% 4.17%

30-Day Standardized Yield 2 as of 10/31/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.17% 5.13%

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

Fund Basicsas of 10/31/2022

Total Net Assets
$2.90 B
Inception Date
12/14/1998
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.44%
Fund Net Expense Ratio
0.40%
Number of Holdings
423
Minimum Initial Investment

+Minimum Exceptions, View Full Disclosure

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 These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").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. 

Fund Expense Ratio :

Gross 0.44%

Net 0.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
w/o sales charge -13.48% -13.53% -2.27% 0.19% 1.35% 4.41%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg U.S. Aggregate Bond Index - - - - - -

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

Fund Expense Ratio :

Gross 0.44%

Net 0.40%

Fund Expense Ratio :

Gross 0.44%

Net 0.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
w/o sales charge -15.26% -15.16% -2.89% -0.23% 1.22% 4.35%
Lipper Category Avg. Core Bond Funds -15.00% -15.16% -3.08% -0.31% 0.87% -
Bloomberg U.S. Aggregate Bond Index -14.61% -14.60% -3.26% -0.27% 0.89% 3.72%

Fund Expense Ratio :

Gross 0.44%

Net 0.40%

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.

Type Assets
Investment Grade Corporate
MBS
U.S. Government Related
ABS
CMBS
High Yield Corporate
CLO
Sovereign
Bank Loans
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity 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 10/31/2022 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
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 median, but if there are only two ratings, the lower rating is used. 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.

INVESTMENT TEAM

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

28 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

24 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

21 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

31 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

14 Years of Industry Experience

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

21 Years of Industry Experience

Harris Trifon
Harris Trifon

Managing Director, Portfolio Manager

22 Years of Industry Experience

Supported By 67 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 11/30/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.21% 4.17%

30-Day Standardized Yield 2 as of 10/31/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 5.17% 5.13%

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

Fund Expense Ratio :

Gross 0.44%

Net 0.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
w/o sales charge -13.48% -13.53% -2.27% 0.19% 1.35% 4.41%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg U.S. Aggregate Bond Index - - - - - -

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

Fund Expense Ratio :

Gross 0.44%

Net 0.40%

Fund Expense Ratio :

Gross 0.44%

Net 0.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
w/o sales charge -15.26% -15.16% -2.89% -0.23% 1.22% 4.35%
Lipper Category Avg. Core Bond Funds -15.00% -15.16% -3.08% -0.31% 0.87% -
Bloomberg U.S. Aggregate Bond Index -14.61% -14.60% -3.26% -0.27% 0.89% 3.72%

Fund Expense Ratio :

Gross 0.44%

Net 0.40%

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 Bloomberg U.S. Aggregate Bond Index
2021 0.14% -1.54%
2020 7.61% 7.51%
2019 8.56% 8.72%
2018 -0.60% 0.01%
2017 3.93% 3.54%
2016 4.25% 2.65%
2015 -0.44% 0.55%
2014 6.33% 5.97%
2013 -1.19% -2.02%
2012 7.93% 4.22%
2011 7.40% -
2010 7.92% -
2009 16.07% -
2008 -0.97% -
2007 6.06% -
2006 4.63% -
2005 2.67% -
2004 4.57% -
2003 5.42% -
2002 9.21% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -5.69% -5.98% -4.43% - -13.48%
2021 -2.36% 2.33% 0.11% 0.12% 0.14%
2020 -1.11% 4.58% 1.89% 2.12% 7.61%
2019 3.28% 3.05% 1.72% 0.28% 8.56%
2018 -1.36% -0.29% 0.32% 0.75% -0.60%
2017 1.19% 1.48% 0.89% 0.32% 3.93%
2016 2.86% 2.76% 1.19% -2.53% 4.25%
2015 1.63% -1.45% 0.00% -0.60% -0.44%
2014 2.38% 2.55% 0.11% 1.16% 6.33%
2013 0.54% -2.76% 0.54% 0.52% -1.19%
2012 1.87% 1.99% 2.76% 1.09% 7.93%
2011 1.06% 2.14% 2.43% 1.58% 7.40%
2010 2.49% 2.90% 3.36% -0.99% 7.92%
2009 2.51% 5.71% 6.31% 0.75% 16.07%
2008 1.07% 0.05% -1.96% -0.10% -0.97%
2007 1.47% -0.65% 2.82% 2.33% 6.06%
2006 -0.29% -0.19% 3.81% 1.27% 4.63%
2005 -0.19% 3.01% -0.62% 0.48% 2.67%
2004 2.42% -2.29% 3.30% 1.16% 4.57%
2003 1.48% 3.09% 0.00% 0.76% 5.42%
2002 0.13% 2.41% 3.66% 2.75% 9.21%
2001 3.51% 0.44% 4.80% 0.49% 9.50%
2000 2.12% 2.18% 3.45% 4.70% 13.01%
1999 0.10% -0.80% 1.00% 0.39% 0.69%
1998 - - - - 0.40%

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
Investment Grade Corporate
MBS
U.S. Government Related
ABS
CMBS
High Yield Corporate
CLO
Sovereign
Bank Loans
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 10/31/2022

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
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 median, but if there are only two ratings, the lower rating is used. 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 9/30/2022

  • During the quarter we focused on shifting the Fund’s overall positioning to be higher in quality and liquidity. Specifically, we used less volatile market days to take gains in lower quality holdings and repositioned the portfolio to a higher quality profile.
  • We sold U.S. Treasuries and used the proceeds to purchase agency residential mortgage-backed securities (MBS) –closing the underweight we have historically had within the sector. We believe that the sector is relatively cheap as it has underperformed year-to-date and this shift aligns with the portfolio’s up-in-quality and up-in-liquidity themes. Specifically, we continue to purchase up-in-coupon MBS with a focus on 5/5.5s as well as select specified pools which offer an attractive pickup in carry versus the to-be-announced (TBA) market.
  • We maintained the Fund’s positions within other securitized product segments – asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), non-agency mortgage-backed securities (RMBS), and collateralized loan obligations (CLO) – over the period. However, we have been paring back risk within each securitized sector and focusing on AAA-rated securities.
  • Specifically, we have pared back real-estate related risk in the current high-volatility environment. We continue to selectively invest in Single Asset, Single Borrower (SASB) deals, given their interest rate profile, wider spreads, strong credit performance, and the opportunity to take targeted credit risk. 
  • Within investment grade corporate bonds, we shifted the positions up-in-quality from BBB’s to A’s with a focus on adding to defensive sectors including the financials, utilities, and noncyclical sectors. We also favored shorter-term tenors when adding to high-quality, investment grade corporate bonds over the quarter. We sold select investment grade credits within the consumer cyclical sector and exited some lower-quality industrial bonds. We have maintained the overweight position to the energy sector based on fundamentals.

Portfolio Details as of 10/31/2022

Total Net Assets
$2.90 B
Number of Issues
423
Average Coupon
4.04%
Average Life
7.43 Years
Average Maturity
7.42 Years
Average Effective Duration
5.5 Years
Average Yield to Worst
6.14%

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 Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security.  Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Holding Coupon Maturity Assets
United States Treasury Note/Bond 4.125% 10/31/2027 6.1%
United States Treasury Note/Bond 3.250% 08/31/2024 3.4%
United States Treasury Note/Bond 4.375% 10/31/2024 2.3%
United States Treasury Note/Bond 3.000% 06/30/2024 1.9%
30-YR UMBS-TBA PROD DEC 3.000% 02/01/2052 1.5%
30-YR GNMA II-TBA PROD NOV 4.500% 09/01/2052 1.4%
30-YR UMBS-TBA PROD DEC 4.500% 10/01/2052 1.4%
30-YR UMBS-TBA PROD DEC 3.500% 03/01/2052 1.3%
30-YR GNMA II-TBA PROD DEC 6.000% 08/01/2052 1.3%
30-YR UMBS-TBA PROD NOV 2.000% 10/01/2051 1.2%
% of Total Assets 21.8%
Holding Coupon Maturity Assets
United States Treasury Note/Bond4.250% 09/30/20246.2%
United States Treasury Note/Bond2.875% 05/15/20522.6%
30-YR UMBS-TBA PROD NOV2.000% 12/01/20512.3%
30-YR UMBS-TBA PROD NOV4.500% 07/01/20522.2%
United States Treasury Note/Bond3.000% 06/30/20242.2%
30-YR UMBS-TBA PROD NOV3.500% 06/01/20521.9%
30-YR UMBS-TBA PROD NOV3.000% 04/01/20521.8%
United States Treasury Note/Bond4.125% 09/30/20271.5%
30-YR GNMA II-TBA PROD OCT5.000% 08/01/20521.3%
30-YR GNMA II-TBA PROD OCT4.500% 08/01/20521.1%
Capital One Prime Auto Receivables Trust 2022-12.710% 06/16/20251.1%
Fannie Mae Pool2.500% 08/01/20501.1%
30-YR UMBS-TBA PROD NOV6.000% 07/01/20521.0%
30-YR GNMA II-TBA PROD NOV4.500% 08/01/20521.0%
Fannie Mae Pool2.500% 09/01/20501.0%
Asian Development Bank4.125% 09/27/20240.9%
15-YR UMBS-TBA PROD NOV5.000% 07/01/20370.9%
30-YR GNMA II-TBA PROD OCT4.000% 08/01/20520.9%
30-YR UMBS-TBA PROD NOV5.500% 07/01/20520.9%
15-YR UMBS-TBA PROD NOV4.500% 07/01/20370.8%
Citigroup Inc3.980% 03/20/20300.8%
Fannie Mae Pool3.000% 12/01/20480.8%
CPPIB Capital Inc3.267% 04/04/20250.8%
Morgan Stanley4.431% 01/23/20300.7%
Oracle Corp2.875% 03/25/20310.7%
Fannie Mae Pool2.500% 08/01/20500.7%
CPPIB Capital Inc4.125% 10/21/20240.6%
United States Treasury Inflation Indexed Bonds0.125% 02/15/20520.6%
GM Financial Automobile Leasing Trust 2022-22.930% 10/21/20240.6%
Intercontinental Exchange Inc4.000% 09/15/20270.6%
Wells Fargo & Co2.393% 06/02/20280.6%
30-YR UMBS-TBA PROD NOV2.500% 02/01/20520.6%
Glencore Funding LLC4.875% 03/12/20290.6%
30-YR UMBS-TBA PROD NOV4.000% 08/01/20520.6%
Westpac Banking Corp4.322% 11/23/20310.6%
United States Treasury Note/Bond2.750% 08/15/20320.5%
United States Treasury Note/Bond3.375% 11/15/20480.5%
CIFC Funding 2021-I Ltd3.893% 04/25/20330.5%
15-YR UMBS-TBA PROD NOV4.000% 06/01/20370.5%
30-YR GNMA II-TBA PROD NOV5.500% 08/01/20520.5%
Province of Ontario Canada3.100% 05/19/20270.5%
Continental Resources Inc/OK5.750% 01/15/20310.5%
Freddie Mac Pool5.000% 08/01/20520.5%
Avant Loans Funding Trust 2022-REV16.540% 09/15/20310.5%
Freddie Mac Pool4.500% 08/01/20520.5%
Perimeter Master Note Business Trust4.230% 05/15/20240.5%
Genesis Sales Finance Master Trust1.650% 09/22/20250.5%
Asian Development Bank3.066% 04/06/20270.5%
Fairstone Financial Issuance Trust I5.162% 10/20/20390.5%
Kommunalbanken AS3.477% 06/17/20260.5%
Lamar Media Corp5.102% 02/05/20270.5%
Fannie Mae Pool5.000% 08/01/20520.5%
CVS Health Corp3.250% 08/15/20290.5%
JPMorgan Chase & Co3.540% 05/01/20280.5%
Southern Co/The2.700% 08/01/20240.4%
Goldman Sachs Group Inc/The0.627% 11/17/20230.4%
BX Trust 2021-ARIA5.062% 10/15/20360.4%
EQT Corp7.000% 02/01/20300.4%
ME Funding LLC 2019-16.448% 07/30/20490.4%
nVent Finance Sarl4.550% 04/15/20280.4%
Citigroup Inc3.887% 01/10/20280.4%
Anglo American Capital PLC4.000% 09/11/20270.4%
Fannie Mae Pool2.500% 01/01/20510.4%
Santander Drive Auto Receivables Trust 2022-64.960% 11/15/20280.4%
Fannie Mae Pool4.000% 06/01/20520.4%
Dryden Senior Loan Fund3.982% 04/15/20280.4%
Ready Capital Mortgage Financing 2022-FL8 LLC3.931% 01/25/20370.4%
Great Wolf Trust 2019-WOLF3.852% 12/15/20360.4%
Goldman Sachs Group Inc/The2.383% 07/21/20320.4%
Danske Bank A/S3.773% 03/28/20250.4%
Signal Peak CLO 8 Ltd3.980% 04/20/20330.4%
Rad CLO 7 Ltd3.940% 04/17/20330.4%
Fannie Mae Pool3.500% 04/01/20520.4%
US Bancorp4.967% 07/22/20330.4%
Aviation Capital Group LLC5.500% 12/15/20240.4%
Hertz Vehicle Financing III LP1.680% 12/27/20270.4%
Santander Drive Auto Receivables Trust 2022-54.740% 10/16/20280.4%
Global Payments Inc4.000% 06/01/20230.4%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.4%
BRAVO Residential Funding Trust 2021-NQM20.970% 03/25/20600.4%
Japan Bank for International Cooperation3.875% 09/16/20250.4%
Bank of America Corp2.687% 04/22/20320.4%
Occidental Petroleum Corp6.625% 09/01/20300.4%
Fannie Mae Pool2.500% 12/01/20510.4%
Charter Communications Operating LLC / Charter Communications Operating Capital2.250% 01/15/20290.3%
VERDE CLO Ltd3.612% 04/15/20320.3%
COMM 2014-UBS4 Mortgage Trust4.869% 08/10/20470.3%
Exeter Automobile Receivables Trust 2020-33.440% 08/17/20260.3%
United States Treasury Note/Bond2.375% 02/15/20420.3%
Santander UK Group Holdings PLC3.373% 01/05/20240.3%
Lending Funding Trust 2020-22.320% 04/21/20310.3%
Freddie Mac Pool5.000% 08/01/20520.3%
BX Trust 2018-GW3.618% 05/15/20350.3%
American Express Co4.420% 08/03/20330.3%
Wells Fargo & Co3.584% 05/22/20280.3%
GS Mortgage Securities Corp Trust 2022-ECI5.040% 08/15/20390.3%
GA Global Funding Trust3.850% 04/11/20250.3%
Inter-American Investment Corp2.625% 04/22/20250.3%
Citibank Credit Card Issuance Trust3.553% 05/14/20290.3%
Flagship Credit Auto Trust 2018-45.510% 03/16/20260.3%
Avolon Holdings Funding Ltd2.125% 02/21/20260.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust3.500% 01/15/20250.3%
Bank of America Corp3.593% 07/21/20280.3%
Vistra Operations Co LLC3.550% 07/15/20240.3%
NextEra Energy Capital Holdings Inc5.000% 07/15/20320.3%
Rockford Tower CLO 2018-1 Ltd4.084% 05/20/20310.3%
UBS AG5.125% 05/15/20240.3%
Centene Corp3.375% 02/15/20300.3%
GS Mortgage Securities Corp II4.468% 11/15/20360.3%
Ford Motor Co3.250% 02/12/20320.3%
Macquarie Group Ltd4.654% 03/27/20290.3%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.3%
Carvana Auto Receivables Trust 2020-NP15.200% 07/15/20270.3%
COMM 2015-DC1 Mortgage Trust4.441% 02/10/20480.3%
Delta Air Lines Inc7.000% 05/01/20250.3%
Rad CLO 6 Ltd4.090% 01/20/20330.3%
30-YR GNMA II-TBA PROD OCT3.500% 06/01/20520.3%
Westlake Automobile Receivables Trust 2020-33.340% 06/15/20260.3%
Diamondback Energy Inc3.125% 03/24/20310.3%
Macquarie Group Ltd2.691% 06/23/20320.3%
Japan International Cooperation Agency3.250% 05/25/20270.3%
PerkinElmer Inc0.850% 09/15/20240.3%
SEB Funding LLC4.969% 01/30/20520.3%
Freddie Mac Structured Agency Credit Risk Debt Notes4.931% 07/25/20420.3%
Ally Financial Inc8.000% 11/01/20310.3%
Crown Castle Inc3.300% 07/01/20300.3%
LoanCore 2022-CRE7 Issuer Ltd3.834% 01/17/20370.3%
Cargill Inc4.000% 06/22/20320.3%
BNP Paribas SA4.375% 03/01/20330.3%
Petroleos Mexicanos6.700% 02/16/20320.3%
Genesis Sales Finance Master Trust1.450% 12/21/20260.3%
CSMC 2021-BHAR4.818% 11/15/20380.3%
CARLYLE US CLO 2019-1 LTD3.790% 04/20/20310.2%
CenterPoint Energy Resources Corp4.400% 07/01/20320.2%
15-YR UMBS-TBA PROD DEC5.000% 07/01/20370.2%
Invitation Homes Operating Partnership LP2.000% 08/15/20310.2%
CARLYLE US CLO 2017-3 Ltd3.610% 07/20/20290.2%
Cigna Corp2.400% 03/15/20300.2%
Bank of America Corp2.087% 06/14/20290.2%
Kinder Morgan Energy Partners LP4.250% 09/01/20240.2%
American Express Credit Account Master Trust3.750% 08/15/20270.2%
Barings CLO Ltd 2019-III3.780% 04/20/20310.2%
CIM Retail Portfolio Trust 2021-RETL6.568% 08/15/20360.2%
SCF Equipment Leasing 2021-1 LLC1.930% 09/20/20300.2%
Freddie Mac STACR REMIC Trust 2021-DNA34.381% 10/25/20330.2%
Sprint Capital Corp8.750% 03/15/20320.2%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT4.133% 07/05/20330.2%
Freddie Mac Pool2.500% 11/01/20500.2%
Elevance Health Inc2.875% 09/15/20290.2%
Gracie Point International Funding 2020-B4.953% 05/02/20230.2%
National Fuel Gas Co5.500% 01/15/20260.2%
FirstEnergy Corp4.400% 07/15/20270.2%
Marble Point CLO XVII Ltd4.010% 04/20/20330.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Lendmark Funding Trust 2021-11.900% 11/20/20310.2%
Extended Stay America Trust 2021-ESH4.518% 07/15/20380.2%
Freddie Mac Pool5.000% 07/01/20520.2%
EIG Pearl Holdings Sarl3.545% 08/31/20360.2%
30-YR GNMA II-TBA PROD NOV3.000% 02/01/20520.2%
Connecticut Avenue Securities Trust 2021-R013.831% 10/25/20410.2%
Fannie Mae Pool2.500% 12/01/20510.2%
EPR Properties3.750% 08/15/20290.2%
JPMorgan Chase & Co2.963% 01/25/20330.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
Fannie Mae Pool3.500% 07/01/20450.2%
Wells Fargo & Co3.350% 03/02/20330.2%
GS Mortgage Securities Corp Trust 2021-ROSS7.468% 05/15/20260.2%
Minejesa Capital BV4.625% 08/10/20300.2%
Atrium Hotel Portfolio Trust 2018-ATRM3.768% 06/15/20350.2%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara3.000% 06/30/20300.2%
BankUnited Inc5.125% 06/11/20300.2%
US 10yr Ultra Fut Dec220.000% 12/30/20220.2%
Deephaven Residential Mortgage Trust 2021-31.194% 08/25/20660.2%
BHMS 2018-ATLS4.068% 07/15/20350.2%
Oaktree CLO 2019-4 Ltd4.960% 10/20/20320.2%
Barings CLO Ltd 2019-III4.310% 04/20/20310.2%
DBWF 2018-GLKS Mortgage Trust4.023% 12/19/20300.2%
Morgan Stanley2.239% 07/21/20320.2%
Angel Oak Mortgage Trust 2022-34.000% 01/25/20670.2%
KIND Trust 2021-KIND5.118% 08/15/20380.2%
Broadcom Inc4.150% 04/15/20320.2%
British Airways 2020-1 Class A Pass Through Trust4.250% 05/15/20340.2%
Mountain View CLO 2017-1 LLC3.830% 10/16/20290.2%
30-YR UMBS-TBA PROD NOV5.000% 07/01/20520.2%
Ballyrock CLO 2020-2 Ltd3.720% 10/20/20310.2%
EPR Properties4.950% 04/15/20280.2%
Advanced Micro Devices Inc3.924% 06/01/20320.2%
Ready Capital Mortgage Financing 2021-FL6 LLC4.984% 07/25/20360.2%
Constellation Energy Generation LLC6.250% 10/01/20390.2%
AES Corp/The3.950% 07/15/20300.2%
Ovintiv Inc6.500% 02/01/20380.2%
New Jersey Transportation Trust Fund Authority4.131% 06/15/20420.2%
Freddie Mac Pool3.500% 02/01/20460.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Freddie Mac STACR REMIC Trust 2021-DNA74.081% 11/25/20410.2%
Nelnet Student Loan Trust 2021-D2.900% 04/20/20620.2%
Signal Peak CLO 2 LLC5.560% 04/20/20290.2%
Trans Union LLC5.363% 12/01/20280.2%
Freddie Mac STACR REMIC Trust 2021-DNA63.781% 10/25/20410.2%
Verus Securitization Trust 2021-21.031% 02/25/20660.2%
VICI Properties LP / VICI Note Co Inc5.625% 05/01/20240.2%
CS Master Trust6.767% 04/15/20250.2%
Bank of America Corp3.004% 12/20/20230.2%
Race Point IX CLO Ltd5.712% 10/15/20300.2%
Aircastle Ltd2.850% 01/26/20280.2%
Duke Energy Corp4.500% 08/15/20320.2%
CBAM 2017-1 Ltd6.460% 07/20/20300.2%
TransDigm Inc6.375% 06/15/20260.2%
Netflix Inc6.375% 05/15/20290.2%
JPMorgan Chase & Co3.782% 02/01/20280.2%
Avolon Holdings Funding Ltd4.250% 04/15/20260.2%
Westpac Banking Corp2.894% 02/04/20300.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Toronto-Dominion Bank/The4.456% 06/08/20320.2%
Fannie Mae Pool5.000% 07/01/20520.2%
Glencore Funding LLC2.850% 04/27/20310.2%
Live Nation Entertainment Inc4.750% 10/15/20270.2%
Bank of America Corp3.970% 03/05/20290.2%
Perimeter Master Note Business Trust4.170% 05/15/20240.2%
State Street Corp4.164% 08/04/20330.2%
Dell International LLC / EMC Corp8.350% 07/15/20460.2%
AAdvantage Loyalty IP Ltd7.460% 04/20/20280.2%
American Tower Corp2.400% 03/15/20250.2%
Advanced Micro Devices Inc4.393% 06/01/20520.2%
Elmwood CLO VIII Ltd4.260% 01/20/20340.2%
Goldman Sachs Group Inc/The2.615% 04/22/20320.2%
Fannie Mae Pool2.500% 08/01/20500.2%
Carlyle Global Market Strategies CLO 2015-5 Ltd5.010% 01/20/20320.2%
Jane Street Group LLC5.865% 01/26/20280.2%
Centene Corp4.250% 12/15/20270.2%
Quikrete Holdings Inc5.740% 02/01/20270.2%
Charter Communications Operating LLC / Charter Communications Operating Capital6.484% 10/23/20450.2%
SLC Student Loan Trust 2008-14.893% 12/15/20320.2%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.2%
Apidos CLO XXXV3.760% 04/20/20340.2%
Morgan Stanley2.484% 09/16/20360.2%
Viterra Finance BV4.900% 04/21/20270.1%
Packaging Coordinators Midco Inc7.424% 11/30/20270.1%
Angel Oak Mortgage Trust 2021-31.068% 05/25/20660.1%
NextEra Energy Capital Holdings Inc4.255% 09/01/20240.1%
Fannie Mae Connecticut Avenue Securities4.281% 11/25/20410.1%
Bank of America Corp4.000% 01/22/20250.1%
Time Warner Entertainment Co LP8.375% 07/15/20330.1%
FactSet Research Systems Inc3.450% 03/01/20320.1%
Ares XL CLO Ltd3.382% 01/15/20290.1%
UnitedHealth Group Inc4.000% 05/15/20290.1%
Fannie Mae Pool2.500% 09/01/20510.1%
Eastern Gas Transmission & Storage Inc3.000% 11/15/20290.1%
CF Trust 2019-BOSS6.068% 12/15/20240.1%
Octagon Investment Partners XVII Ltd3.783% 01/25/20310.1%
Bank of America Corp1.658% 03/11/20270.1%
GS Mortgage Securities Corp Trust 2018-RIVR3.768% 07/15/20350.1%
Netflix Inc5.875% 11/15/20280.1%
Aviation Capital Group LLC1.950% 01/30/20260.1%
Fannie Mae Pool5.000% 07/01/20520.1%
Tricolor Auto Securitization Trust 2021-13.230% 09/15/20260.1%
Carvana Auto Receivables Trust 2019-34.600% 07/15/20260.1%
Southwest Gas Corp4.050% 03/15/20320.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.1%
Dell International LLC / EMC Corp3.375% 12/15/20410.1%
BBCMS 2019-BWAY Mortgage Trust3.774% 11/15/20340.1%
Bayer Corp6.650% 02/15/20280.1%
Range Resources Corp8.250% 01/15/20290.1%
First American Financial Corp2.400% 08/15/20310.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
American Airlines Group Inc3.750% 03/01/20250.1%
Alfa Desarrollo SpA4.550% 09/27/20510.1%
BHMS 2018-ATLS4.718% 07/15/20350.1%
Warnermedia Holdings Inc3.428% 03/15/20240.1%
Tenet Healthcare Corp4.875% 01/01/20260.1%
CIFC Funding 2014-V Ltd3.940% 10/17/20310.1%
GREYWOLF CLO VII Ltd3.890% 10/20/20310.1%
Life Time Inc5.750% 01/15/20260.1%
AEP Transmission Co LLC4.500% 06/15/20520.1%
Callon Petroleum Co8.000% 08/01/20280.1%
Life 2021-BMR Mortgage Trust4.568% 03/15/20380.1%
Verus Securitization Trust 2020-51.218% 05/25/20650.1%
Weatherford International Ltd8.625% 04/30/20300.1%
Comstock Resources Inc6.750% 03/01/20290.1%
Wells Fargo Commercial Mortgage Trust 2015-SG14.602% 09/15/20480.1%
Genesis Sales Finance Master Trust2.090% 12/21/20260.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.750% 10/20/20280.1%
Laredo Petroleum Inc9.500% 01/15/20250.1%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.1%
TCW CLO 2022-1 Ltd2.087% 04/22/20330.1%
Calpine Corp5.000% 02/01/20310.1%
Frontier Communications Holdings LLC5.000% 05/01/20280.1%
Charles River Laboratories International Inc4.250% 05/01/20280.1%
HGI CRE CLO 2021-FL1 Ltd5.289% 06/16/20360.1%
Prosus NV3.257% 01/19/20270.1%
ONE Gas Inc1.100% 03/11/20240.1%
Option Care Health Inc4.375% 10/31/20290.1%
Alcoa Nederland Holding BV4.125% 03/31/20290.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV4.125% 04/30/20280.1%
SM Energy Co6.750% 09/15/20260.1%
Gartner Inc3.750% 10/01/20300.1%
Invitation Homes Operating Partnership LP2.300% 11/15/20280.1%
Citigroup Inc4.140% 05/24/20250.1%
Aramark Services Inc4.865% 03/11/20250.1%
Navient Corp5.000% 03/15/20270.1%
SCIENTIFIC GAMES INTL INC5.906% 04/14/20290.1%
Option Care Health Inc5.865% 10/27/20280.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN4.088% 11/15/20350.1%
CS Master Trust6.995% 04/15/20230.1%
American Airlines Inc11.750% 07/15/20250.1%
Go Daddy Operating Co LLC / GD Finance Co Inc3.500% 03/01/20290.1%
Medline Borrower LP3.875% 04/01/20290.1%
Atkore Inc4.250% 06/01/20310.1%
Diamondback Energy Inc3.500% 12/01/20290.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
Apidos CLO XXVI4.240% 07/18/20290.1%
GSK Consumer Healthcare Capital US LLC3.625% 03/24/20320.1%
Pike Corp5.500% 09/01/20280.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.1%
Cheniere Energy Partners LP3.250% 01/31/20320.1%
MSCI Inc3.625% 11/01/20310.1%
NGPL PipeCo LLC3.250% 07/15/20310.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
Venture Global Calcasieu Pass LLC4.125% 08/15/20310.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
Toll Brothers Finance Corp3.800% 11/01/20290.1%
Murphy Oil USA Inc4.750% 09/15/20290.1%
Buckeye Partners LP6.375% 01/22/20780.1%
Levi Strauss & Co3.500% 03/01/20310.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
CNX Midstream Partners LP4.750% 04/15/20300.1%
Condor Merger Sub Inc7.375% 02/15/20300.1%
Foothill-Eastern Transportation Corridor Agency4.094% 01/15/20490.1%
Amentum Government Services Holdings LLC7.121% 01/29/20270.1%
Nigeria Government International Bond7.143% 02/23/20300.1%
Mariner Finance Issuance Trust 2021-B4.680% 11/20/20360.1%
Wind River 2021-4 CLO Ltd4.360% 01/20/20350.1%
Hilton Domestic Operating Co Inc4.875% 01/15/20300.1%
Consumer Loan Underlying Bond CLUB Credit Trust 2019-P24.410% 10/15/20260.1%
Kennedy-Wilson Inc4.750% 02/01/20300.1%
NRG Energy Inc4.450% 06/15/20290.1%
Playtika Holding Corp5.865% 03/13/20280.1%
Lendmark Funding Trust 2021-24.460% 04/20/20320.1%
Fannie Mae Pool3.500% 09/01/20510.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
New York City Transitional Finance Authority Future Tax Secured Revenue1.950% 08/01/20340.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.1%
Jazz Financing Lux Sarl6.615% 04/21/20280.1%
Entegris Inc3.625% 05/01/20290.1%
Egypt Government International Bond5.800% 09/30/20270.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT4.950% 07/05/20330.1%
Madison IAQ LLC5.875% 06/30/20290.1%
HONO 2021-LULU Mortgage Trust4.268% 10/15/20360.1%
Consumers Energy Co4.200% 09/01/20520.1%
Angolan Government International Bond8.750% 04/14/20320.1%
Westlake Automobile Receivables Trust 2021-12.330% 08/17/20260.1%
Baxalta Inc4.000% 06/23/20250.1%
Starwood Mortgage Residential Trust 2020-31.486% 04/25/20650.1%
Standard Industries Inc/NJ4.375% 07/15/20300.1%
AMC Networks Inc4.250% 02/15/20290.1%
Coinbase Global Inc3.375% 10/01/20280.1%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.1%
Alcoa Nederland Holding BV6.125% 05/15/20280.1%
CPS Auto Receivables Trust 2020-C1.710% 08/17/20260.1%
MHP Lux SA6.250% 09/19/20290.1%
American Tower Corp2.950% 01/15/20250.1%
Time Warner Cable LLC7.300% 07/01/20380.1%
Assurant Inc2.650% 01/15/20320.1%
SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.1%
Freeport Indonesia PT5.315% 04/14/20320.1%
PVH Corp7.750% 11/15/20230.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT3.833% 07/05/20330.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.875% 01/16/20240.1%
Macquarie Bank Ltd3.624% 06/03/20300.1%
ZipRecruiter Inc5.000% 01/15/20300.1%
Party City Holdings Inc8.750% 02/15/20260.1%
CSMC 2014-USA OA LLC4.373% 09/15/20370.1%
HGI CRE CLO 2021-FL1 Ltd4.639% 06/16/20360.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT4.549% 07/05/20330.1%
Genesis Sales Finance Master Trust4.710% 09/22/20250.1%
Parallel 2017-1 Ltd3.740% 07/20/20290.1%
Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.1%
MEG Energy Corp5.875% 02/01/20290.1%
Elevance Health Inc2.250% 05/15/20300.1%
California Resources Corp7.125% 02/01/20260.1%
Goldentree Loan Management US Clo 3 Ltd4.260% 04/20/20300.1%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.1%
Galaxy XXI CLO Ltd3.730% 04/20/20310.1%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.1%
Flagship Credit Auto Trust 2021-10.310% 06/16/20250.1%
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd5.768% 05/15/20360.1%
BBCMS 2019-BWAY Mortgage Trust4.128% 11/15/20340.1%
HONO 2021-LULU Mortgage Trust4.668% 10/15/20360.1%
CCO Holdings LLC / CCO Holdings Capital Corp5.000% 02/01/20280.1%
Occidental Petroleum Corp6.125% 01/01/20310.1%
Regents of the University of California Medical Center Pooled Revenue3.006% 05/15/20500.1%
CPS Auto Receivables Trust 2019-B5.000% 03/17/20250.1%
Massachusetts Educational Financing Authority3.733% 04/25/20380.1%
Towd Point Asset Trust 2018-SL13.684% 01/25/20460.0%
ELEMENT MAT TEC GR US HLD INC0.000% 06/07/20290.0%
CSAIL 2016-C7 Commercial Mortgage Trust4.526% 11/15/20490.0%
Wells Fargo Commercial Mortgage Trust 2013-LC124.432% 07/15/20460.0%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.0%
Sri Lanka Government International Bond5.875% 07/25/20220.0%
Freddie Mac Multifamily Structured Pass Through Certificates2.119% 02/25/20320.0%
FX USD/CAD 10/220.000% 10/20/20220.0%
Credit Suisse Mortgage Capital Certificates1.616% 04/25/20650.0%
Pennsylvania Higher Education Assistance Agency3.053% 04/25/20380.0%
Verus Securitization Trust 2020-12.417% 01/25/20600.0%
AMMC CLO XIII Ltd4.483% 07/24/20290.0%
CPS Auto Receivables Trust 2020-A4.090% 12/15/20250.0%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.0%
United Rentals North America Inc4.000% 07/15/20300.0%
SFAVE Commercial Mortgage Securities Trust 2015-5AVE3.872% 01/05/20430.0%
WFRBS Commercial Mortgage Trust 2014-C230.701% 10/15/20570.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Citigroup Commercial Mortgage Trust 2014-GC250.309% 10/10/20470.0%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.0%
Merrill Lynch Mortgage Investors Trust Series 2006-AF26.250% 10/25/20360.0%
Danske Bank A/S4.375% 06/12/20280.0%
GS Mortgage Securities Trust 2014-GC264.672% 11/10/20470.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
KUEHG Corp6.865% 02/21/20250.0%
New Century Home Equity Loan Trust Series 2005-A5.454% 08/25/20350.0%
COMM 2014-CCRE19 Mortgage Trust1.091% 08/10/20470.0%
FX USD/EUR 12/220.000% 12/12/20220.0%
Hudsons Bay Simon JV Trust 2015-HBS0.665% 08/05/20340.0%
Hudsons Bay Simon JV Trust 2015-HBS0.723% 08/05/20340.0%
OGX Austria GmbH8.500% 06/01/20180.0%
FX EUR/USD 12/220.000% 12/12/20220.0%
LAC0.010% 12/31/20500.0%
Commercial Mortgage Backed Index Swap3.000% 09/17/20580.0%
US 5YR NOTE (CBT) Dec220.000% 01/05/20230.0%
Commercial Mortgage Backed Index Swap3.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap3.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap3.000% 08/17/20610.0%
ELEMNT MAT TECH GRP US HOL INC0.000% 06/22/20290.0%
Credit Index Swap5.000% 12/20/20270.0%
US 2YR NOTE (CBT) Dec220.000% 01/05/20230.0%
US 10YR NOTE (CBT)Dec220.000% 12/30/20220.0%
US ULTRA BOND CBT Dec220.000% 12/30/2022-0.2%
US LONG BOND(CBT) Dec220.000% 12/30/2022-0.6%

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.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 11/30/2022
$0.288
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2022 $0.03080 $8.78
Daily Daily 10/31/2022 $0.03021 $8.52
Daily Daily 09/30/2022 $0.02890 $8.66
Daily Daily 08/31/2022 $0.03012 $9.10
Daily Daily 07/31/2022 $0.02926 $9.36
Daily Daily 06/30/2022 $0.02615 $9.15
Daily Daily 05/31/2022 $0.02511 $9.40
Daily Daily 04/30/2022 $0.02331 $9.45
Daily Daily 03/31/2022 $0.02365 $9.81
Daily Daily 02/28/2022 $0.02073 $10.11
Daily Daily 01/31/2022 $0.02075 $10.25

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 12/31/2022

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $0.0629 - $0.0629 $10.51
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/19/2022 12/20/2022

Fees & Expenses

Fees & Expenses

Expense Ratioas of 10/31/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
0.44% 0.40%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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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.

+

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. 

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

5

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

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 an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. 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 Bloomberg U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. 

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.

 

The Morningstar Intermediate Term Bond Average represents funds that focus on corporate, government, foreign, or other issues with an average duration of greater than or equal to 3.5 years but less than or equal to six years, or an average effective maturity of more than four years but less than 10 years.

 

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.

 

The Net Expense Ratio takes into account a voluntary expense reimbursement arrangement, which may be modified or terminated at any time and without which performance would have been lower.  

 

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 net expense ratio for Class I takes into account a contractual fee waiver/expense reimbursement that currently is scheduled to remain in place through 03/31/2023. For periods when fees and expenses were waived and/or reimbursed, the share class benefited by not bearing such expenses. Without such waivers, performance would have been lower.

 

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.

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