Credit Opportunities Fund | Lord Abbett
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    Credit Opportunities Fund

    fund alert

    July 22 is the quarterly deadline to redeem Credit Opportunities Fund.

    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 Credit Opportunities Fund?

    The Fund seeks to deliver high current income and total return through a flexible strategy investing across a broad range of global fixed income sectors.

    A LEADER IN CREDIT

    An investment team with proven capabilities across corporate credit and structured product sectors.

    A FLEXIBLE APPROACH

    Flexibility to capture opportunities across multiple sectors of the global fixed income markets.

    AN EXPANDED OPPORTUNITY SET

    Potential for enhanced yield and return in less liquid sectors of fixed income markets through an interval fund structure.

    Fund Basicsas of 04/30/2025

    Total Net Assets
    $2.66 B
    Inception Date
    Dividend Frequency
    -
    Number of Holdings
    186

    Adjusted Expense Ratio – Excludes certain investment expenses, such as the interest expense from borrowing in certain underlying funds.

    RELATED CONTENT

    Interval Funds Explained

    Interval funds can allocate to asset classes that are less liquid than those typically found in mutual funds but may offer the potential to generate higher long-term returns.

     

    LEAD PORTFOLIO MANAGERS

    Rocco-Steve_headshot

    Steven F. Rocco, CFA
    Partner, Co-Head of Taxable Fixed Income
    24 Years of Industry Experience

    Castle-Adam_headshot

    Adam C. Castle, CFA
    Partner, Portfolio Manager
    17 Years of Industry Experience

    Yuoh-Kewjin_headshot

    Kewjin Yuoh
    Partner, Portfolio Manager
    31 Years of Industry Experience

    Kang-Eric_headshot

    Eric P. Kang
    Partner, Portfolio Manager
    26 Years of Industry Experience

     

    INVESTMENT COUNCIL

    Gizzo-Christopher_headshot

    Christopher Gizzo, CFA
    Partner, Deputy Director of Leveraged Credit
    17 Years of Industry Experience

    Lehmann-Jeremy_headshot

    Jeremy Lehmann, CFA
    Portfolio Manager
    13 Years of Industry Experience

    Novak-John_headshot

    John M. Novak, CFA
    Co-Head of Global Credit Research
    29 Years of Industry Experience

    Trifon-Harris_headshot

    Harris Trifon
    Partner, Portfolio Manager
    25 Years of Industry Experience

    Skulkina-Mila_headshot

    Mila Skulkina, CFA
    Senior Managing Director, Portfolio Manager
    24 Years of Industry Experience

    Solomon-Todd_headshot

    Todd Solomon
    Portfolio Manager
    29 Years of Industry Experience

    Posner-Kearney_headshot

    Kearney Posner, CFA
    Partner, Portfolio Manager
    26 Years of Industry Experience

    Performance

    Performance

    Portfolio

    Portfolio

    Type Assets
    U.S. High Yield Corporate
    CLO
    ABS
    Non-U.S. High Yield Corporate
    Bank Loans
    Emerging Market
    Private Credit
    Convertibles
    CMBS
    Equity
    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
    1-2.99 years
    3-4.99 years
    5-6.99 years
    7-9.99 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 04/30/2025

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

    Portfolio Details as of 04/30/2025

    Total Net Assets
    $2.66 B
    Average Effective Duration
    2.33 Years
    Average Life
    4.43 Years
    Average Maturity
    7.08 Years
    Number of Issues
    186
    Average Yield to Maturity
    12.10%

    To view definitions for the above Portfolio Details, Click here.

    All Holdings as of03/31/2025

    Holding Coupon Maturity Assets
    Holding
    Coupon
    Maturity
    Assets
    BARCLAYS CAPITAL4.360% 04/01/20252.4%
    Vital Energy Inc7.875% 04/15/20322.4%
    LBM Acquisition LLC6.250% 01/15/20292.1%
    Shelf Drilling Holdings Ltd9.625% 04/15/20292.0%
    Moss Creek Resources Holdings Inc8.250% 09/01/20312.0%
    Transocean Inc7.500% 04/15/20312.0%
    LORD ABBETT PVT CR FUND A L0.000% 11/01/20992.0%
    Saturn Oil & Gas Inc9.625% 06/15/20291.9%
    FMC CORP0.000% 04/01/20251.9%
    Foundation Building Materials Inc6.000% 03/01/20291.7%
    Kraken Oil & Gas Partners LLC7.625% 08/15/20291.7%
    Comstock Resources Inc5.875% 01/15/20301.6%
    EquipmentShare.com Inc9.000% 05/15/20281.5%
    SCF Equipment Leasing 2022-2 LLC6.500% 06/20/20351.5%
    Park River Holdings Inc5.625% 02/01/20291.5%
    Baytex Energy Corp7.375% 03/15/20321.5%
    Herens Midco Sarl5.250% 05/15/20291.5%
    LA PRIVATE CREDIT FUND0.000% 10/04/20991.4%
    VistaJet Malta Finance PLC / Vista Management Holding Inc6.375% 02/01/20301.4%
    Cornerstone Building Brands Inc6.125% 01/15/20291.3%
    X Corp9.500% 10/29/20291.3%
    ACProducts Holdings Inc6.375% 05/15/20291.3%
    Gray Media Inc5.375% 11/15/20311.3%
    VStrong Auto Receivables Trust 2024-A10.120% 07/15/20311.3%
    TGNR Intermediate Holdings LLC5.500% 10/15/20291.3%
    Encino Acquisition Partners Holdings LLC8.750% 05/01/20311.2%
    888 ACQUISITIONS LIMITED9.589% 07/03/20281.2%
    Sinclair Television Group Inc8.125% 02/15/20331.2%
    Santander Bank Auto Credit-Linked Notes Series 2022-C14.592% 12/15/20321.2%
    Alloy Finco Ltd0.005% 03/06/20281.2%
    Hughes Satellite Systems Corp6.625% 08/01/20261.1%
    ASP Unifrax Holdings Inc10.425% 09/30/20291.1%
    Nabors Industries Ltd7.500% 01/15/20281.1%
    CSC Holdings LLC4.625% 12/01/20301.1%
    Exeter Automobile Receivables Trust 2023-29.750% 11/15/20301.0%
    SCF Preferred Equity LLC7.500% 10/16/21731.0%
    Central Parent LLC7.558% 07/06/20291.0%
    GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20281.0%
    Brand Industrial Services Inc8.815% 08/01/20301.0%
    PODS LLC7.575% 03/31/20281.0%
    Crescent Energy Finance LLC7.375% 01/15/20330.9%
    Conair Holdings LLC8.184% 05/17/20280.9%
    Scripps Escrow II Inc5.375% 01/15/20310.9%
    Brand Industrial Services Inc10.375% 08/01/20300.8%
    Perimeter Master Note Business Trust8.130% 05/15/20270.8%
    CAL Receivables 2022-1 LLC8.699% 10/15/20260.8%
    Santander Bank Auto Credit-Linked Notes Series 2022-B14.552% 08/16/20320.7%
    Park River Holdings Inc6.750% 08/01/20290.7%
    OCP CLO 2023-26 Ltd0.000% 04/17/20370.7%
    AMC Networks Inc4.250% 02/15/20290.7%
    Santander Bank Auto Credit-Linked Notes Series 2022-A12.662% 05/15/20320.7%
    Valaris Ltd8.375% 04/30/20300.7%
    Hilcorp Energy I LP / Hilcorp Finance Co7.250% 02/15/20350.6%
    DISH DBS Corp5.125% 06/01/20290.6%
    Vermilion Energy Inc7.250% 02/15/20330.6%
    SM Energy Co7.000% 08/01/20320.6%
    Exeter Automobile Receivables Trust 2023-112.070% 09/16/20300.6%
    Nine Energy Service Inc13.000% 02/01/20280.6%
    VISTA MANAGEMENT HOLDING INC8.066% 03/26/20310.6%
    Elmwood CLO 20 Ltd0.000% 01/17/20370.6%
    Transocean Inc6.800% 03/15/20380.6%
    EquipmentShare.com Inc8.625% 05/15/20320.5%
    Exeter Automobile Receivables Trust 2024-27.980% 10/15/20310.5%
    KKR CLO 56 Ltd10.802% 10/15/20370.5%
    Leggett & Platt Inc0.000% 04/11/20250.5%
    Kosmos Energy Ltd7.500% 03/01/20280.5%
    AGL CLO 30 Ltd11.043% 04/21/20370.5%
    Flagship Credit Auto Trust 2023-210.890% 07/15/20300.5%
    JABIL INC0.000% 04/01/20250.5%
    Generate CLO 14 Ltd8.290% 04/22/20370.5%
    Cedar Funding XVIII CLO Ltd8.190% 04/23/20370.5%
    X Corp10.922% 10/29/20290.5%
    New Mountain CLO 5 Ltd0.000% 04/20/20360.5%
    Rad CLO 22 Ltd0.000% 01/20/20370.5%
    Lumen Technologies Inc4.500% 01/15/20290.5%
    Madison Park Funding XLVII Ltd8.193% 04/19/20370.5%
    Sinclair Television Group Inc7.740% 12/31/20290.4%
    Benefit Street Partners CLO XIV Ltd7.543% 10/20/20370.4%
    Nabors Industries Inc8.875% 08/15/20310.4%
    GLS Auto Receivables Issuer Trust 2023-49.720% 08/15/20300.4%
    Rad CLO 20 Ltd12.373% 07/20/20360.4%
    Ally Auto Receivables Trust 2024-10.000% 02/16/20320.4%
    Crescent Energy Finance LLC7.625% 04/01/20320.4%
    PCF GmbH4.750% 04/15/20290.4%
    ICG US CLO 2024-R1 Ltd8.204% 01/25/20380.4%
    Osaic Holdings Inc10.750% 08/01/20270.4%
    KKR CLO 47 Ltd10.827% 01/15/20380.4%
    GLS Auto Receivables Issuer Trust 2023-39.270% 08/15/20300.4%
    720 East CLO 2023-II Ltd12.872% 10/15/20360.4%
    Dryden 94 CLO Ltd12.402% 10/15/20370.4%
    Ballyrock CLO 24 Ltd0.000% 07/15/20360.4%
    Generate CLO 20 Ltd9.639% 01/25/20380.4%
    Sycamore Tree CLO 2023-3 Ltd8.543% 04/20/20370.4%
    NGC CLO 2 LTD7.848% 04/20/20380.4%
    Bryant Park Funding 2025-26 Ltd9.648% 04/20/20380.4%
    Dryden 115 CLO Ltd11.393% 04/18/20370.4%
    Empower CLO 2024-2 Ltd10.352% 07/15/20370.3%
    Bain Capital Credit CLO 2024-4 Ltd10.870% 10/23/20370.3%
    Nabors Industries Inc1.750% 06/15/20290.3%
    Harmony-Peace Park CLO Ltd7.435% 10/20/20370.3%
    Oceaneering International Inc6.000% 02/01/20280.3%
    Ares LXXIV CLO Ltd10.303% 10/15/20360.3%
    AMMC CLO 31 Ltd9.767% 02/20/20380.3%
    37 Capital Clo 4 Ltd9.646% 04/15/20350.3%
    AMMC CLO 30 Ltd12.032% 01/15/20370.3%
    GLS Auto Receivables Issuer Trust 2024-27.980% 05/15/20310.3%
    Exeter Automobile Receivables Trust 2021-20.000% 02/15/20330.3%
    720 East CLO V Ltd7.793% 07/20/20370.3%
    720 East CLO 2022-I Ltd10.193% 01/20/20380.3%
    Ares LV CLO Ltd10.802% 10/15/20370.3%
    Fairstone Financial Issuance Trust I6.873% 10/20/20390.3%
    Generate Clo 16 Ltd10.443% 07/20/20370.3%
    Exeter Automobile Receivables Trust 2024-37.840% 10/15/20310.3%
    Rockford Tower CLO 2025-1 Ltd9.856% 03/31/20380.3%
    Barrow Hanley CLO I Ltd9.546% 01/20/20380.3%
    Generate Clo 13 Ltd12.330% 01/20/20370.3%
    Generate Clo 13 Ltd9.290% 01/20/20370.3%
    CIFC Funding 2024-I Ltd7.993% 04/18/20370.2%
    Rad CLO 20 Ltd9.293% 07/20/20360.2%
    Sunac China Holdings Ltd0.000% 09/30/20280.2%
    Ballyrock CLO 26 Ltd0.000% 07/25/20370.2%
    ASP Unifrax Holdings Inc7.100% 09/30/20290.2%
    Exeter Automobile Receivables Trust 2021-10.000% 07/15/20330.2%
    Ballyrock CLO 23 Ltd9.500% 04/25/20360.2%
    Affirm Asset Securitization Trust 2024-X20.000% 12/17/20290.2%
    SBNA Auto Receivables Trust 2024-A8.000% 04/15/20320.2%
    AMC Networks Inc4.250% 02/15/20290.2%
    Affirm Holdings Inc0.750% 12/15/20290.2%
    CIFC Funding 2023-II Ltd12.263% 01/21/20370.2%
    Ballyrock CLO 20 Ltd10.502% 10/15/20360.2%
    RAD CLO 23 Ltd11.043% 04/20/20370.2%
    OHA Credit Funding 14 Ltd12.043% 04/20/20360.2%
    Bain Capital Credit Clo 2024-5 Ltd10.760% 10/21/20370.2%
    Perimeter Master Note Business Trust5.190% 05/15/20270.2%
    Lending Funding Trust 2020-26.770% 04/21/20310.2%
    APIDOS CLO XLVIII Ltd10.050% 07/25/20370.2%
    Affirm Asset Securitization Trust 2024-X10.000% 05/15/20290.2%
    Neuberger Berman Loan Advisers Clo 56 Ltd10.047% 07/24/20370.2%
    AGL CLO 26 Ltd12.543% 10/21/20360.2%
    Kleopatra Holdings 2 SCA6.500% 09/01/20260.1%
    Avant Loans Funding Trust 2021-REV16.410% 07/15/20300.1%
    Generate CLO 15 Ltd8.043% 07/20/20370.1%
    Bridge Street CLO V Ltd9.648% 04/20/20380.1%
    Leggett & Platt Inc0.000% 04/03/20250.1%
    J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-BOLT11.134% 08/15/20330.1%
    Silver Point CLO 1 Ltd9.543% 01/20/20380.1%
    Exeter Automobile Receivables Trust 2021-40.000% 12/15/20330.1%
    PenFed Auto Receivables Owner Trust 2022-A0.000% 06/17/20300.1%
    HINNT 2024-A LLC7.000% 03/15/20430.1%
    AUTONATION INC0.000% 04/01/20250.1%
    Shimao Group Holdings Ltd5.200% 01/16/20270.1%
    Generate CLO 3 Ltd12.123% 10/20/20360.0%
    Sierra Timeshare 2024-2 Receivables Funding LLC7.480% 06/20/20410.0%
    ACBL HLDG CORP0.000% 09/09/99990.0%
    Carvana Auto Receivables Trust 2021-N10.000% 01/10/20280.0%
    Flagship Credit Auto Trust 2020-40.000% 07/17/20280.0%
    CIFI Holdings Group Co Ltd6.000% 07/16/20250.0%
    Laurel Road Prime Student Loan Trust 2019-A0.000% 10/25/20480.0%
    Logan Group Co Ltd5.250% 02/23/20230.0%
    Santander Bank Auto Credit-Linked Notes Series 2022-C11.366% 12/15/20320.0%
    Shimao Group Holdings Ltd3.450% 01/11/20310.0%
    Logan Group Co Ltd4.500% 01/13/20280.0%
    Sunac China Holdings Ltd7.000% 09/30/20290.0%
    Sunac China Holdings Ltd6.750% 09/30/20280.0%
    CIFI Holdings Group Co Ltd4.375% 04/12/20270.0%
    Sunac China Holdings Ltd0.000% 09/09/99990.0%
    CIFI Holdings Group Co Ltd5.250% 05/13/20260.0%
    Sunac China Holdings Ltd6.500% 09/30/20270.0%
    ACBL HLDG CORP0.000% 09/09/99990.0%
    Sunac China Holdings Ltd7.250% 09/30/20300.0%
    Sunac China Holdings Ltd6.000% 09/30/20250.0%
    Sunac China Holdings Ltd6.250% 09/30/20260.0%
    FX USD/CAD 06/250.000% 06/13/20250.0%
    Credit Default Swap0.250% 12/20/20260.0%
    Pagaya AI Debt Selection Trust 2020-10.000% 07/15/20270.0%
    CHINOS INTERMEDIATE 2 LLC0.000% 09/09/99990.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.805% 06/10/20270.0%
    Pagaya AI Debt Selection Trust 2021-10.000% 11/15/20270.0%
    Palisades Center Trust 2016-PLSD4.737% 04/13/20330.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX EUR/USD 05/250.000% 05/23/20250.0%
    Credit Default Swap0.250% 12/20/20270.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    Credit Default Swap5.000% 06/20/20290.0%
    ASP Unifrax Holdings Inc0.025% 09/28/20290.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    Credit Index Swap5.000% 12/20/2029-0.1%
    Holding Coupon Maturity Assets
    Holding
    Coupon
    Maturity
    Assets
    Vital Energy Inc 7.875% 04/15/2032 2.4%
    LBM Acquisition LLC 6.250% 01/15/2029 2.2%
    Shelf Drilling Holdings Ltd 9.625% 04/15/2029 2.1%
    Moss Creek Resources Holdings Inc 8.250% 09/01/2031 2.1%
    Transocean Inc 7.500% 04/15/2031 2.0%
    LORD ABBETT PVT CR FUND A L 0.000% 11/01/2099 2.0%
    Saturn Oil & Gas Inc 9.625% 06/15/2029 1.9%
    FMC CORP 0.000% 04/01/2025 1.9%
    Foundation Building Materials Inc 6.000% 03/01/2029 1.7%
    Kraken Oil & Gas Partners LLC 7.625% 08/15/2029 1.7%
    % of Total Assets 20.0%

    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.

    Dividends & Cap Gains

    Dividends & Cap Gains

    Upcoming Dividend Payment Dates

    Record Date Ex-Dividend Date Reinvest & Payable Date
    05/30/2025 05/31/2025 05/31/2025
    06/29/2025 06/30/2025 06/30/2025
    07/30/2025 07/31/2025 07/31/2025
    08/30/2025 08/31/2025 08/31/2025
    09/29/2025 09/30/2025 09/30/2025
    10/30/2025 10/31/2025 10/31/2025
    11/29/2025 11/30/2025 11/30/2025
    12/30/2025 12/31/2025 12/31/2025

    Fees & Expenses

    Fees & Expenses

    Adjusted Expense Ratio – Excludes certain investment expenses, such as the interest expense from borrowing in certain underlying funds.

    Fund Documents

    Fund Documents

    0Documents selected
    Portfolio Holdings 1Q
    Publish Date:11/03/2015
    Portfolio Holdings 3Q
    Publish Date:11/03/2015
    Statutory Prospectus
    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
    Fund Story
    Publish Date:11/03/2015
    Repurchase Calendar
    Publish Date:11/03/2015

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