Data reflect Class A shares at NAV as of 12/31/2013. For latest yield and performance information, visit our website at lordabbett.com. Click here for prospectus information.
Performance data quoted above are historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in a fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. You can obtain performance data current to the most recent month-end by calling Lord Abbett at 888-522-2388, or referring to www.lordabbett.com. Diversification does not guarantee a profit or protect against loss in declining markets.
*Equal Blend: If it is a combination of three funds, it is a 33/33/33 split. Dividend yield equal blend is calculated using unsubsidized yields unless a Fund has a subsidized yield, in which case that is used in the calculation of equal blend.
Each Fund's unsubsidized dividend yield is shown without sales charges (at NAV) and reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.
Effective Duration is the change in the value of a fixed income security that will result from a 1% change in market 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, securities, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs and ADRs and futures, are excluded from these calculations.
Risk Off Environment is an environment when an investment generally will take on lower risk.
Class A shares purchased with 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. Please see the prospectus for more information on redemptions that may be subject to a CDSC. The CDSC is not reflected in the average annual total returns. If the CDSC was included, returns would have been lower.
A Note about Risk: The value of investments in debt securities will 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. Investments in high-yield securities, sometimes called junk bonds, carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. Lower-rated investments may be subject to greater price volatility than higher-rated investments. Moreover, the specific collateral used to secure a loan may decline in value or become illiquid, which would adversely affect the loan's value. Investments in foreign securities may present increased market, liquidity, currency, political, information, and other risks. These risks can be greater in the case of emerging country securities. Certain derivative transactions may give rise to leverage risk. Leverage, including borrowing for investment purposes, may increase volatility in a fund by magnifying the effect of changes in the value of the fund's holdings. The use of leverage may cause investors in a fund to lose more money in adverse environments than would have been the case in the absence of leverage. Investing involves risk, including the possible loss of principal. This material is provided for general and educational purposes only, is not intended to provide legal, tax, or investment advice, and does not account for individual investor circumstances. Investment decisions should always be made based on an investor's specific financial needs, objectives, goals, time horizon, and risk tolerance.
The 30-Day Standardized Yield is an estimate of a mutual fund's net investment income measured 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). In absence of the fee waiver, 30-Day Standardized Yield would have been lower. Yields for other share classes will vary.
Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to its net asset value (NAV). The dividend yield is calculated by annualizing the last dividend and dividing it by a fund's NAV. In absence of the fee waiver, dividend yield would have been lower. Yields for other share classes will vary.