LCRAX | Core Fixed Income Fund Class A | Lord Abbett

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Core Fixed Income Fund

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Daily price w/o sales charge as of 11/27/2024

$9.28

arrowUp$0.02

YTD Returns w/o sales charge as of 11/27/2024

3.14%

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 Core Fixed Income 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.

Yield

Average Yield to Maturity as of 10/31/2024

5.05%

30-Day Standardized Yield 1 as of 10/31/2024  

4.10%

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

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Fund Basicsas of 10/31/2024

Total Net Assets
$4.46 B
Inception Date
08/31/2000
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.56%
Fund Net Expense Ratio
0.56%
Number of Holdings
450
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.56%

Net 0.56%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 2.37% 10.74% -2.26% -0.08% 1.31% 3.84%
Lipper Category Avg. Core Bond Funds 2.36% 11.09% -2.16% 0.03% 1.49% -
Bloomberg U.S. Aggregate Bond Index 1.86% 10.55% -2.20% -0.23% 1.49% 3.83%
w/ sales charge 0.02% 8.26% -3.01% -0.55% 1.08% 3.75%

Fund Expense Ratio :

Gross 0.56%

Net 0.56%

Fund Expense Ratio :

Gross 0.56%

Net 0.56%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 4.87% 11.72% -1.50% 0.43% 1.65% 3.96%
Lipper Category Avg. Core Bond Funds 4.93% 11.99% -1.39% 0.58% 1.82% -
Bloomberg U.S. Aggregate Bond Index 4.45% 11.57% -1.39% 0.33% 1.84% 3.95%
w/ sales charge 2.47% 9.27% -2.25% -0.03% 1.42% 3.86%

Fund Expense Ratio :

Gross 0.56%

Net 0.56%

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.

Type Assets
Corporates
MBS
U.S. Government Related
ABS
CMBS
CLO
Bank Loans
Sovereign
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 10/31/2024 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

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

30 Years of Industry Experience

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

Partner, Portfolio Manager

26 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

33 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

16 Years of Industry Experience

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

Partner & Portfolio Manager

23 Years of Industry Experience

Harris Trifon
Harris Trifon

Partner, Portfolio Manager

24 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Senior Managing Director, Portfolio Manager

14 Years of Industry Experience

Supported By 62 Investment Professionals with 14 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 10/31/2024

5.05%

30-Day Standardized Yield 1 as of 10/31/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.10% 4.10%

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

Fund Expense Ratio :

Gross 0.56%

Net 0.56%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 2.37% 10.74% -2.26% -0.08% 1.31% 3.84%
Lipper Category Avg. Core Bond Funds 2.36% 11.09% -2.16% 0.03% 1.49% -
Bloomberg U.S. Aggregate Bond Index 1.86% 10.55% -2.20% -0.23% 1.49% 3.83%
w/ sales charge 0.02% 8.26% -3.01% -0.55% 1.08% 3.75%

Fund Expense Ratio :

Gross 0.56%

Net 0.56%

Fund Expense Ratio :

Gross 0.56%

Net 0.56%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 4.87% 11.72% -1.50% 0.43% 1.65% 3.96%
Lipper Category Avg. Core Bond Funds 4.93% 11.99% -1.39% 0.58% 1.82% -
Bloomberg U.S. Aggregate Bond Index 4.45% 11.57% -1.39% 0.33% 1.84% 3.95%
w/ sales charge 2.47% 9.27% -2.25% -0.03% 1.42% 3.86%

Fund Expense Ratio :

Gross 0.56%

Net 0.56%

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 Bloomberg U.S. Aggregate Bond Index
2023 5.61% 5.53%
2022 -13.65% -13.01%
2021 -0.89% -1.54%
2020 7.92% 7.51%
2019 7.83% 8.72%
2018 -0.43% 0.01%
2017 3.25% 3.54%
2016 2.71% 2.65%
2015 -0.54% 0.55%
2014 6.13% 5.97%
2013 -2.28% -
2012 5.84% -
2011 7.60% -
2010 6.66% -
2009 12.49% -
2008 1.12% -
2007 6.15% -
2006 3.97% -
2005 2.14% -
2004 3.71% -
Year Q1 Q2 Q3 Q4
2024 -0.48% 0.28% 5.09% -
2023 2.98% -0.85% -2.91% 6.53%
2022 -5.84% -5.20% -4.83% 1.65%
2021 -2.72% 1.98% -0.03% -0.07%
2020 1.63% 3.62% 1.33% 1.14%
2019 2.83% 2.89% 2.04% -0.12%
2018 -1.39% -0.34% 0.03% 1.29%
2017 0.85% 1.32% 0.75% 0.29%
2016 2.65% 2.37% 0.75% -2.99%
2015 1.36% -1.66% 0.62% -0.85%
2014 2.10% 2.17% 0.12% 1.61%
2013 0.00% -2.72% 0.36% 0.10%
2012 1.11% 2.06% 1.97% 0.57%
2011 0.58% 2.19% 3.56% 1.09%
2010 2.16% 3.13% 2.67% -1.40%
2009 2.40% 3.95% 5.43% 0.24%
2008 1.19% -0.08% -1.27% 1.30%
2007 1.36% -0.74% 2.79% 2.65%
2006 -0.56% -0.27% 3.75% 1.06%
2005 -0.20% 2.87% -0.90% 0.39%
2004 2.37% -2.39% 2.96% 0.81%
2003 1.18% 2.68% -0.26% 0.19%
2002 0.00% 2.80% 3.86% 2.38%
2001 3.27% 0.53% 5.03% 0.37%

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

Growth of $10,000 as of 10/31/2024

The chart begins on the Fund's inception date of 08/31/2000.

Based on a hypothetical Class A share investment of $10,000 on 08/31/2000 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Corporates
MBS
U.S. Government Related
ABS
CMBS
CLO
Bank Loans
Sovereign
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 10/31/2024

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

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 09/30/2024

  • Overall rates positioning contributed to relative performance. While the portfolio’s shorter duration positioning detracted from relative performance with the fall in rates, this was more than offset by the portfolio’s yield curve positioning, leading to an overall positive impact. More specifically, as the short end of the curve decreased more than longer end, the portfolio’s underweight to the 5- and 10-year part of the curve and overweight the 2-year part of the curve contributed to relative returns.
  • Security selection within investment grade corporate bonds contributed to relative performance, specifically within the Financials sector. We remain overweight the Financials sector and increased our exposure to some of the larger regional banks over the period.
  • The portfolio’s allocation to ABS and collateralized loan obligations (CLOs) modestly contributed to relative performance. Within CLOs, we decreased the portfolio’s exposure to rotate into other sectors we believe offer better relative value. Within ABS, we modestly increased our overall exposure, adding to AA-rated ABS.
  • The portfolio’s allocation to agency mortgage-backed securities (MBS) detracted from relative performance. We maintained our exposure to MBS as we believe this is an attractive asset class for high quality carry and it may perform well as rate volatility continues to decline.

Portfolio Details as of 10/31/2024

Total Net Assets
$4.46 B
Average Effective Duration
5.91 Years
Average Life
8.32 Years
Average Maturity
8.31 Years
Number of Issues
450
Average Yield to Maturity
5.05%

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

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

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.

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
United States Treasury Note/Bond 4.250% 06/30/2029 4.1%
United States Treasury Note/Bond 4.875% 11/30/2025 3.2%
United States Treasury Note/Bond 4.625% 05/15/2044 2.9%
United States Treasury Note/Bond 3.750% 08/31/2026 2.8%
United States Treasury Note/Bond 4.625% 06/30/2026 2.7%
United States Treasury Note/Bond 3.125% 08/31/2029 2.1%
United States Treasury Note/Bond 4.250% 02/15/2054 2.1%
United States Treasury Note/Bond 3.875% 02/15/2043 1.9%
United States Treasury Note/Bond 4.625% 05/15/2054 1.8%
15-YR UMBS-TBA PROD JAN 5.500% 03/01/2039 1.5%
% of Total Assets 25.1%
Holding Coupon Maturity Assets
United States Treasury Note/Bond4.625% 06/30/20263.7%
United States Treasury Note/Bond4.625% 05/15/20443.0%
United States Treasury Note/Bond4.500% 03/31/20262.7%
United States Treasury Note/Bond4.250% 06/30/20292.3%
United States Treasury Note/Bond3.125% 08/31/20292.2%
United States Treasury Note/Bond4.250% 02/15/20542.1%
United States Treasury Note/Bond3.875% 02/15/20432.0%
15-YR UMBS-TBA PROD NOV5.500% 03/01/20391.9%
United States Treasury Note/Bond2.375% 02/15/20421.4%
United States Treasury Note/Bond4.875% 04/30/20261.3%
United States Treasury Note/Bond4.625% 05/15/20541.2%
Japan Finance Organization for Municipalities5.000% 04/23/20291.2%
United States Treasury Note/Bond4.500% 02/15/20441.1%
30-YR UMBS-TBA PROD NOV6.500% 04/01/20541.1%
30-YR GNMA II-TBA PROD NOV6.000% 07/01/20541.0%
30-YR GNMA II-TBA PROD OCT5.500% 08/01/20540.9%
30-YR UMBS-TBA PROD NOV2.500% 05/01/20510.9%
Japan Bank for International Cooperation2.875% 04/14/20250.9%
Capital One Multi-Asset Execution Trust2.800% 03/15/20270.9%
Ontario Teachers' Finance Trust4.625% 04/10/20290.8%
15-YR UMBS-TBA PROD NOV5.000% 05/01/20390.8%
30-YR UMBS-TBA PROD NOV5.500% 01/01/20540.8%
United States Treasury Note/Bond4.375% 08/15/20430.7%
30-YR UMBS-TBA PROD NOV2.000% 07/01/20510.7%
30-YR GNMA II-TBA PROD NOV3.000% 12/01/20510.7%
30-YR GNMA II-TBA PROD OCT3.500% 03/01/20520.7%
Capital One Multi-Asset Execution Trust3.490% 05/15/20270.7%
30-YR UMBS-TBA PROD OCT7.000% 07/01/20530.6%
United States Treasury Note/Bond2.875% 05/15/20520.6%
30-YR UMBS-TBA PROD NOV5.000% 06/01/20540.6%
SCF Equipment Leasing 2024-1 LLC5.520% 01/20/20320.6%
30-YR GNMA II-TBA PROD OCT2.000% 10/01/20510.6%
JPMorgan Chase & Co3.782% 02/01/20280.6%
30-YR UMBS-TBA PROD OCT6.000% 01/01/20540.5%
Freddie Mac Pool6.000% 07/01/20390.5%
30-YR GNMA II-TBA PROD NOV2.500% 10/01/20510.5%
Crown Castle Inc3.300% 07/01/20300.5%
15-YR UMBS-TBA PROD OCT5.500% 03/01/20390.5%
Danske Bank A/S4.298% 04/01/20280.5%
Ally Auto Receivables Trust 2023-15.460% 05/15/20280.5%
Centene Corp2.450% 07/15/20280.4%
BAT Capital Corp6.343% 08/02/20300.4%
American Tower Corp3.800% 08/15/20290.4%
NatWest Group PLC5.808% 09/13/20290.4%
Avolon Holdings Funding Ltd2.125% 02/21/20260.4%
Bank of America Corp3.970% 03/05/20290.4%
Barclays PLC6.496% 09/13/20270.4%
Sprint Capital Corp8.750% 03/15/20320.4%
Hyundai Capital America1.800% 10/15/20250.4%
Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.4%
30-YR GNMA II-TBA PROD NOV3.500% 03/01/20520.4%
JPMorgan Chase & Co2.963% 01/25/20330.4%
Imperial Brands Finance PLC5.500% 02/01/20300.4%
30-YR GNMA II-TBA PROD OCT3.000% 12/01/20510.4%
EQT Corp7.000% 02/01/20300.4%
Fannie Mae Pool2.500% 09/01/20360.4%
Freddie Mac Multifamily Structured Pass Through Certificates3.710% 09/25/20320.4%
30-YR UMBS-TBA PROD OCT4.500% 04/01/20540.4%
Freddie Mac Pool2.000% 02/01/20520.4%
Freddie Mac Pool2.500% 06/01/20510.4%
30-YR GNMA II-TBA PROD OCT4.000% 09/01/20530.4%
Fannie Mae Pool3.500% 04/01/20520.4%
East Ohio Gas Co/The1.300% 06/15/20250.4%
Chase Auto Owner Trust 2024-15.130% 05/25/20290.4%
DLLMT 2024-1 LLC4.980% 04/20/20320.4%
GS Mortgage-Backed Securities Trust 2022-PJ63.000% 01/25/20530.4%
Citigroup Inc3.887% 01/10/20280.4%
30-YR UMBS-TBA PROD NOV4.000% 08/01/20530.4%
Bank of America Auto Trust 2023-15.530% 02/15/20280.4%
Kubota Credit Owner Trust 2024-25.260% 11/15/20280.4%
Fannie Mae Pool2.500% 08/01/20500.3%
CenterPoint Energy Resources Corp1.750% 10/01/20300.3%
First National Master Note Trust5.340% 05/15/20300.3%
Morgan Stanley4.431% 01/23/20300.3%
Ford Credit Auto Owner Trust 2018-REV13.190% 07/15/20310.3%
Glencore Funding LLC5.634% 04/04/20340.3%
Freddie Mac STACR REMIC Trust 2024-HQA16.530% 03/25/20440.3%
Danske Bank A/S6.259% 09/22/20260.3%
UBS Group AG6.442% 08/11/20280.3%
BMW Vehicle Lease Trust 2023-25.990% 09/25/20260.3%
Wells Fargo & Co2.406% 10/30/20250.3%
Wells Fargo & Co3.584% 05/22/20280.3%
Fannie Mae Pool3.500% 12/01/20490.3%
30-YR UMBS-TBA PROD OCT5.000% 06/01/20540.3%
Continental Resources Inc/OK5.750% 01/15/20310.3%
30-YR GNMA II-TBA PROD NOV4.500% 02/01/20540.3%
Veralto Corp5.500% 09/18/20260.3%
30-YR GNMA II-TBA PROD OCT4.500% 02/01/20540.3%
Bank of America Corp3.593% 07/21/20280.3%
Fannie Mae Pool2.500% 09/01/20500.3%
30-YR GNMA II-TBA PROD NOV5.500% 08/01/20540.3%
Santander Drive Auto Receivables Trust 2022-64.720% 06/15/20270.3%
VICI Properties LP / VICI Note Co Inc4.625% 12/01/20290.3%
Evergy Missouri West Inc5.650% 06/01/20340.3%
Fannie Mae Pool3.000% 12/01/20480.3%
Berry Global Inc7.316% 07/01/20290.3%
Berry Global Inc7.316% 07/01/20290.3%
J.P. Morgan Mortgage Trust 2021-153.000% 06/25/20520.3%
Athene Global Funding5.620% 05/08/20260.3%
CIFC Funding 2024-I Ltd6.779% 04/18/20370.3%
US Bancorp4.839% 02/01/20340.3%
Avolon TLB Borrower 1 US LLC6.961% 06/22/20280.3%
Avolon TLB Borrower 1 US LLC6.961% 06/22/20280.3%
Flagstar Mortgage Trust 2021-72.500% 08/25/20510.3%
Santander Drive Auto Receivables Trust 2024-15.250% 04/17/20280.3%
Ballyrock CLO 22 Ltd6.841% 04/15/20370.3%
National Fuel Gas Co3.950% 09/15/20270.3%
Fannie Mae Pool2.000% 01/01/20360.3%
30-YR UMBS-TBA PROD OCT6.500% 04/01/20540.3%
Freddie Mac STACR REMIC Trust 2023-HQA37.130% 11/25/20430.3%
Hilton Domestic Operating Co Inc6.605% 11/08/20300.3%
Freddie Mac Multifamily Structured Pass Through Certificates2.580% 05/25/20320.3%
30-YR GNMA II-TBA PROD NOV5.000% 08/01/20540.3%
CNO Global Funding5.875% 06/04/20270.3%
UBS Group AG6.301% 09/22/20340.3%
Elmwood CLO 16 Ltd6.812% 04/20/20370.3%
Rate Mortgage Trust 2024-J16.000% 07/25/20540.3%
30-YR GNMA II-TBA PROD OCT6.000% 07/01/20540.3%
Flutter Financing BV6.604% 11/29/20300.3%
Aircastle Ltd2.850% 01/26/20280.3%
IPALCO Enterprises Inc4.250% 05/01/20300.3%
30-YR GNMA II-TBA PROD NOV4.000% 09/01/20530.3%
Ford Credit Auto Lease Trust 2024-B4.990% 01/15/20280.3%
GE HealthCare Technologies Inc5.650% 11/15/20270.3%
Ballyrock CLO 27 Ltd6.412% 10/25/20370.3%
30-YR UMBS-TBA PROD NOV6.000% 01/01/20540.3%
Coterra Energy Inc5.600% 03/15/20340.3%
World Financial Network Credit Card Master Trust5.020% 03/15/20300.3%
PNC Financial Services Group Inc/The6.037% 10/28/20330.3%
GA Global Funding Trust4.400% 09/23/20270.3%
Freddie Mac Pool4.050% 07/01/20290.3%
Freddie Mac Pool6.000% 07/01/20390.3%
Aviation Capital Group LLC5.375% 07/15/20290.3%
Citigroup Mortgage Loan Trust 2022-INV13.000% 11/27/20510.3%
Apache Corp4.750% 04/15/20430.3%
nVent Finance Sarl4.550% 04/15/20280.3%
30-YR GNMA II-TBA PROD OCT2.500% 10/01/20510.3%
Citizens Auto Receivables Trust 2023-15.840% 01/18/20280.3%
Freddie Mac Multifamily Structured Pass Through Certificates2.350% 03/25/20320.2%
Charter Communications Operating LLC7.082% 02/01/20270.2%
BARCLAYS CAPITAL0.010% 10/01/20240.2%
Morgan Stanley5.320% 07/19/20350.2%
Bayer US Finance LLC6.250% 01/21/20290.2%
American Express Co5.248% 07/26/20350.2%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust6.500% 07/15/20250.2%
American Electric Power Co Inc5.699% 08/15/20250.2%
Citigroup Commercial Mortgage Trust 2023-PRM36.572% 07/10/20280.2%
Oglethorpe Power Corp5.800% 06/01/20540.2%
Entergy Louisiana LLC5.150% 09/15/20340.2%
Santander Drive Auto Receivables Trust 2024-26.280% 08/15/20310.2%
Centene Corp3.375% 02/15/20300.2%
Citizens Auto Receivables Trust 2024-25.260% 04/15/20310.2%
Freddie Mac Pool2.000% 03/01/20510.2%
Freddie Mac Pool6.000% 08/01/20390.2%
Exeter Automobile Receivables Trust 2024-45.290% 08/15/20300.2%
Freddie Mac Pool6.000% 08/01/20390.2%
Palmer Square CLO 2024-2 LTD6.682% 07/20/20370.2%
Citigroup Inc5.827% 02/13/20350.2%
Generate Clo 16 Ltd6.822% 07/20/20370.2%
Atlassian Corp5.500% 05/15/20340.2%
Avant Loans Funding Trust 2024-REV15.920% 10/15/20330.2%
PEAC Solutions Receivables 2024-2 LLC4.650% 10/20/20310.2%
International Flavors & Fragrances Inc1.230% 10/01/20250.2%
GM Financial Automobile Leasing Trust 2023-25.540% 05/20/20270.2%
Boeing Co/The6.388% 05/01/20310.2%
Fannie Mae Pool2.000% 07/01/20510.2%
Texas Debt Capital CLO 2024-I Ltd7.232% 04/22/20370.2%
NSTAR Electric Co5.400% 06/01/20340.2%
Citigroup Inc3.980% 03/20/20300.2%
Connecticut Avenue Securities Trust 2023-R027.580% 01/25/20430.2%
Intercontinental Exchange Inc5.250% 06/15/20310.2%
Exeter Automobile Receivables Trust 2024-54.480% 04/16/20290.2%
Exeter Automobile Receivables Trust 2024-54.480% 04/16/20290.2%
AES Corp/The3.950% 07/15/20300.2%
Aon North America Inc5.300% 03/01/20310.2%
Affirm Asset Securitization Trust 2023-A6.610% 01/18/20280.2%
Magnetite XXXIX Ltd7.435% 10/25/20330.2%
Fannie Mae Pool2.500% 08/01/20500.2%
Flagstar Mortgage Trust 2021-42.500% 06/01/20510.2%
National Grid PLC5.809% 06/12/20330.2%
Reynolds American Inc4.450% 06/12/20250.2%
Liberty Utilities Co5.869% 01/31/20340.2%
GS Mortgage Securities Corp Trust 2024-RVR5.372% 08/10/20290.2%
PFP 2023-10 Ltd7.461% 09/16/20380.2%
AT&T Inc3.500% 09/15/20530.2%
American Transmission Systems Inc2.650% 01/15/20320.2%
Oracle Corp6.900% 11/09/20520.2%
DTE Energy Co4.220% 11/01/20240.2%
Mitsubishi UFJ Financial Group Inc5.541% 04/17/20260.2%
NatWest Group PLC7.472% 11/10/20260.2%
Broadcom Inc4.800% 10/15/20340.2%
Antofagasta PLC6.250% 05/02/20340.2%
Morgan Stanley Capital I Trust 2024-NSTB3.900% 07/20/20320.2%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.2%
Benchmark 2024-V7 Mortgage Trust6.228% 05/15/20560.2%
Coca-Cola Consolidated Inc5.450% 06/01/20340.2%
BBCMS Mortgage Trust 2023-C216.000% 09/15/20560.2%
Freddie Mac Pool6.000% 09/01/20390.2%
Morgan Stanley2.239% 07/21/20320.2%
Duke Energy Indiana LLC5.250% 03/01/20340.2%
AIA Group Ltd5.375% 04/05/20340.2%
Wells Fargo Commercial Mortgage Trust 2024-5C15.928% 07/15/20570.2%
Bayer Corp/NJ6.650% 02/15/20280.2%
Principal Life Global Funding II5.100% 01/25/20290.2%
Affirm Asset Securitization Trust 2024-B4.620% 09/15/20290.2%
NextGear Floorplan Master Owner Trust2.800% 03/15/20270.2%
US Bancorp5.678% 01/23/20350.2%
Vale Overseas Ltd6.400% 06/28/20540.2%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.2%
Westlake Automobile Receivables Trust 2023-15.210% 01/18/20280.2%
Fannie Mae Pool5.000% 10/01/20520.2%
Fannie Mae Pool2.500% 03/01/20520.2%
JPMBB Commercial Mortgage Securities Trust 2014-C263.800% 01/15/20480.2%
Targa Resources Partners LP / Targa Resources Partners Finance Corp5.500% 03/01/20300.2%
OneMain Financial Issuance Trust 2022-35.940% 05/15/20340.2%
Ford Motor Credit Co LLC6.125% 03/08/20340.2%
General Motors Financial Co Inc5.950% 04/04/20340.2%
Wells Fargo & Co3.350% 03/02/20330.2%
Ovintiv Inc6.500% 02/01/20380.2%
Solventum Corp5.450% 03/13/20310.2%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
Capital One Multi-Asset Execution Trust6.113% 05/15/20280.2%
UBS Group AG1.494% 08/10/20270.2%
Public Service Electric and Gas Co4.850% 08/01/20340.2%
GA Global Funding Trust3.850% 04/11/20250.2%
OHA Credit Funding 17 Ltd7.582% 04/20/20370.2%
Entergy Corp0.900% 09/15/20250.2%
Bayview Opportunity Master Fund VI Trust 2021-INV62.500% 10/25/20510.2%
Danske Bank A/S6.466% 01/09/20260.2%
Macquarie Group Ltd4.654% 03/27/20290.2%
New York Life Global Funding4.550% 01/28/20330.2%
Freddie Mac Pool5.000% 08/01/20520.2%
BofA Auto Trust 2024-15.350% 11/15/20280.2%
Exeter Automobile Receivables Trust 2023-36.680% 04/16/20290.2%
30-YR UMBS-TBA PROD OCT5.500% 01/01/20540.2%
Solventum Corp5.600% 03/23/20340.2%
Brown & Brown Inc5.650% 06/11/20340.2%
JP Morgan Mortgage Trust 2022-33.000% 08/25/20520.2%
Imperial Brands Finance PLC6.125% 07/27/20270.2%
RATE Mortgage Trust 2024-J25.500% 07/25/20540.2%
Royal Bank of Canada6.000% 11/01/20270.2%
Freddie Mac STACR REMIC Trust 2024-DNA16.630% 02/25/20440.2%
Jackson National Life Global Funding4.600% 10/01/20290.2%
Fannie Mae Pool2.000% 02/01/20360.2%
J.P. Morgan Mortgage Trust 2021-INV83.000% 05/25/20520.2%
TORONTO DOMINION BANK THE0.010% 10/01/20240.2%
Atmos Energy Corp5.000% 12/15/20540.2%
Minejesa Capital BV4.625% 08/10/20300.2%
Oncor Electric Delivery Co LLC5.650% 11/15/20330.2%
American Express Credit Account Master Trust5.240% 04/15/20310.2%
ABN AMRO Bank NV3.324% 03/13/20370.2%
Philip Morris International Inc5.625% 11/17/20290.2%
Prosus NV3.257% 01/19/20270.2%
Eastern Gas Transmission & Storage Inc3.000% 11/15/20290.2%
GS Mortgage-Backed Securities Trust 2021-PJ22.500% 07/25/20510.2%
Fannie Mae Pool5.000% 08/01/20520.2%
Bristol Park CLO LTD7.513% 04/15/20290.1%
CIM Trust 2021-J12.500% 03/25/20510.1%
Flagship Credit Auto Trust 2023-15.010% 08/16/20270.1%
Cheniere Energy Inc4.625% 10/15/20280.1%
UnitedHealth Group Inc4.800% 01/15/20300.1%
Octane Receivables Trust 2023-36.440% 03/20/20290.1%
Benefit Street Partners Clo XXXIII Ltd7.585% 01/25/20360.1%
Freddie Mac STACR REMIC Trust 2021-HQA46.230% 12/25/20410.1%
Indianapolis Power & Light Co5.700% 04/01/20540.1%
Narragansett Electric Co/The5.350% 05/01/20340.1%
Elmwood CLO 24 Ltd7.654% 12/11/20330.1%
GXO Logistics Inc6.500% 05/06/20340.1%
Meituan4.625% 10/02/20290.1%
UBS Group AG1.364% 01/30/20270.1%
Anglo American Capital PLC3.875% 03/16/20290.1%
Santander Drive Auto Receivables Trust 2022-54.430% 03/15/20270.1%
Mitsubishi Corp5.125% 07/17/20340.1%
L3Harris Technologies Inc5.400% 07/31/20330.1%
Unilever Capital Corp4.625% 08/12/20340.1%
Bayer US Finance LLC6.375% 11/21/20300.1%
Wells Fargo & Co2.393% 06/02/20280.1%
Dryden 113 CLO Ltd7.532% 10/20/20350.1%
Entergy Louisiana LLC5.700% 03/15/20540.1%
BX Trust 2024-VLT46.820% 07/15/20290.1%
Eni SpA5.700% 10/01/20400.1%
AEP Transmission Co LLC5.150% 04/01/20340.1%
Fannie Mae Pool4.000% 06/01/20520.1%
Truist Financial Corp5.711% 01/24/20350.1%
Fannie Mae Pool2.500% 01/01/20510.1%
Arch Capital Group Ltd7.350% 05/01/20340.1%
Nuveen LLC5.850% 04/15/20340.1%
Pluspetrol Camisea SA / Pluspetrol Lote 56 SA6.240% 07/03/20360.1%
Freeport Indonesia PT5.315% 04/14/20320.1%
30-YR GNMA II-TBA PROD OCT5.000% 08/01/20540.1%
J.P. Morgan Mortgage Trust 2022-13.000% 07/25/20520.1%
Valley Stream Park CLO LTD7.532% 10/20/20340.1%
Cadence Design Systems Inc4.700% 09/10/20340.1%
Mexico Government International Bond4.875% 05/19/20330.1%
UBS Group AG6.327% 12/22/20270.1%
Alfa Desarrollo SpA4.550% 09/27/20510.1%
Continental Resources Inc/OK4.900% 06/01/20440.1%
EQT Corp5.750% 02/01/20340.1%
Lendmark Funding Trust 2021-22.370% 04/20/20320.1%
Viterra Finance BV4.900% 04/21/20270.1%
30-YR UMBS-TBA PROD NOV3.500% 04/01/20520.1%
Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd6.561% 11/15/20360.1%
T-Mobile USA Inc3.875% 04/15/20300.1%
Flagstar Mortgage Trust 2021-122.500% 11/25/20510.1%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.1%
FactSet Research Systems Inc3.450% 03/01/20320.1%
Air Lease Corp5.200% 07/15/20310.1%
Enel Finance International NV5.125% 06/26/20290.1%
Wells Fargo Bank NA5.850% 02/01/20370.1%
Fannie Mae Pool2.000% 11/01/20500.1%
Chase Home Lending Mortgage Trust 2024-RPL43.375% 12/25/20640.1%
Fannie Mae Pool2.500% 12/01/20510.1%
Wells Fargo Commercial Mortgage Trust 2015-NXS33.972% 09/15/20570.1%
LoanCore 2022-CRE7 Issuer Ltd6.892% 01/17/20370.1%
RCKT Mortgage Trust 2024-INV16.500% 06/25/20540.1%
Morgan Stanley5.297% 04/20/20370.1%
Oceanview Mortgage Trust 2021-INV32.500% 07/25/20510.1%
UnitedHealth Group Inc5.375% 04/15/20540.1%
RATE Mortgage Trust 2021-HB12.500% 12/25/20510.1%
Freddie Mac STACR REMIC Trust 2022-HQA18.780% 03/25/20420.1%
Citizens Financial Group Inc5.718% 07/23/20320.1%
SK Hynix Inc5.500% 01/16/20290.1%
JP Morgan Mortgage Trust 2022-INV13.000% 03/25/20520.1%
BX Commercial Mortgage Trust 2021-XL25.899% 10/15/20380.1%
Fannie Mae Pool2.500% 06/01/20510.1%
Santander Consumer Auto Receivables Trust 2020-B7.030% 08/15/20280.1%
Lending Funding Trust 2020-22.320% 04/21/20310.1%
Toronto-Dominion Bank/The5.146% 09/10/20340.1%
RAD CLO 23 Ltd7.332% 04/20/20370.1%
KeyCorp4.789% 06/01/20330.1%
Fannie Mae Pool3.500% 04/01/20520.1%
Fannie Mae Pool2.500% 08/01/20350.1%
Freddie Mac Pool5.000% 08/01/20520.1%
MidAmerican Energy Co5.850% 09/15/20540.1%
Lseg US Fin Corp5.297% 03/28/20340.1%
Occidental Petroleum Corp6.450% 09/15/20360.1%
Discovery Communications LLC3.950% 03/20/20280.1%
Fannie Mae Pool2.000% 09/01/20350.1%
ACRES Commercial Realty 2021-FL2 Ltd6.611% 01/15/20370.1%
F&G Global Funding2.300% 04/11/20270.1%
Rad CLO 6 Ltd6.924% 01/20/20330.1%
Bank of America Corp1.658% 03/11/20270.1%
M&T Bank Corp5.053% 01/27/20340.1%
Eni SpA5.500% 05/15/20340.1%
30-YR UMBS-TBA PROD OCT3.000% 10/01/20510.1%
BX Commercial Mortgage Trust 2024-XL56.488% 03/15/20410.1%
30-YR GNMA II-TBA PROD NOV6.500% 04/01/20540.1%
Warnermedia Holdings Inc3.788% 03/15/20250.1%
Fannie Mae Pool2.500% 12/01/20510.1%
Post Road Equipment Finance 2022-14.880% 11/15/20280.1%
Bank of New York Mellon Corp/The4.967% 04/26/20340.1%
Ready Capital Mortgage Financing 2023-FL12 LLC7.190% 05/25/20380.1%
RTX Corp6.400% 03/15/20540.1%
Wells Fargo & Co2.188% 04/30/20260.1%
Truist Financial Corp5.867% 06/08/20340.1%
COMM 2015-LC21 Mortgage Trust4.043% 07/10/20480.1%
Aviation Capital Group LLC1.950% 01/30/20260.1%
SCF Equipment Leasing 2021-1 LLC1.540% 10/21/20300.1%
VICI Properties LP / VICI Note Co Inc4.250% 12/01/20260.1%
30-YR UMBS-TBA PROD OCT4.000% 08/01/20530.1%
Micron Technology Inc5.300% 01/15/20310.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.1%
EQUS 2021-EQAZ Mortgage Trust5.966% 10/15/20380.1%
CIM Trust 2020-INV12.500% 04/25/20500.1%
30-YR UMBS-TBA PROD NOV7.000% 07/01/20530.1%
MF1 2022-FL9 LLC7.115% 06/19/20370.1%
Assurant Inc2.650% 01/15/20320.1%
Eaton Vance CLO 2013-1 Ltd6.813% 01/15/20340.1%
NGPL PipeCo LLC3.250% 07/15/20310.1%
Bain Capital Credit CLO 2023-4 Ltd8.182% 10/21/20360.1%
Bank of New York Mellon Corp/The4.596% 07/26/20300.1%
Connecticut Avenue Securities Trust 2023-R048.830% 05/25/20430.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
Columbia Pipeline Group Inc4.500% 06/01/20250.1%
Vista Point Securitization Trust 2024-CES16.676% 05/25/20540.1%
BNP Paribas SA4.375% 03/01/20330.1%
PNC Financial Services Group Inc/The5.676% 01/22/20350.1%
Alimentation Couche-Tard Inc5.617% 02/12/20540.1%
Marlette Funding Trust 2022-35.950% 11/15/20320.1%
Wells Fargo & Co2.164% 02/11/20260.1%
Oracle Corp2.875% 03/25/20310.1%
Chase Home Lending Mortgage Trust Series 2024-RPL23.250% 08/25/20640.1%
Connecticut Avenue Securities Trust 2022-R087.830% 07/25/20420.1%
BAT Capital Corp5.834% 02/20/20310.1%
Targa Resources Partners LP / Targa Resources Partners Finance Corp6.875% 01/15/20290.1%
Macquarie Bank Ltd3.052% 03/03/20360.1%
GS Mortgage-Backed Securities Corp Trust 2021-PJ12.500% 06/25/20510.1%
Sequoia Mortgage Trust 2024-76.000% 08/25/20540.1%
Oglethorpe Power Corp5.950% 11/01/20390.1%
Texas Natural Gas Securitization Finance Corp5.102% 04/01/20350.1%
Broadcom Inc4.150% 04/15/20320.1%
Home Depot Inc/The5.300% 06/25/20540.1%
GM Financial Automobile Leasing Trust 2023-15.510% 01/20/20270.1%
GS Mortgage-Backed Securities Trust 2021-PJ82.500% 01/25/20520.1%
Dell Equipment Finance Trust 2023-25.840% 01/22/20290.1%
Ford Motor Credit Co LLC2.700% 08/10/20260.1%
Flagstar Mortgage Trust 2021-11INV3.000% 11/25/20510.1%
Hyundai Capital America5.800% 06/26/20250.1%
Morgan Stanley4.210% 04/20/20280.1%
Oracle Corp6.125% 07/08/20390.1%
Fannie Mae Pool2.500% 05/01/20520.1%
Chase Home Lending Mortgage Trust Series 2024-RPL33.250% 09/25/20640.1%
Ohio Edison Co8.250% 10/15/20380.1%
KIND Commercial Mortgage Trust 2024-16.987% 08/15/20410.1%
Peruvian Government International Bond5.375% 02/08/20350.1%
FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple7.250% 01/31/20410.1%
Post CLO 2023-1 Ltd7.782% 04/20/20360.1%
VICI Properties LP6.125% 04/01/20540.1%
ARZ Trust 2024-BILT5.772% 06/11/20290.1%
Freddie Mac Pool5.000% 07/01/20520.1%
FirstEnergy Transmission LLC5.000% 01/15/20350.1%
CONE Trust 2024-DFW16.738% 08/15/20410.1%
Fannie Mae Pool4.000% 05/01/20520.1%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.1%
Niagara Energy SAC5.746% 10/03/20340.1%
Connecticut Avenue Securities Trust 2024-R046.930% 05/25/20440.1%
Fannie Mae Pool2.500% 12/01/20510.1%
BMO 2023-C5 Mortgage Trust5.494% 06/15/20560.1%
Fannie Mae Pool6.000% 02/01/20390.1%
Fannie Mae Pool3.500% 07/01/20450.1%
ServiceNow Inc1.400% 09/01/20300.1%
Universal Health Services Inc5.050% 10/15/20340.1%
Freddie Mac Pool3.500% 02/01/20460.1%
30-YR GNMA II-TBA PROD OCT6.500% 04/01/20540.1%
Fannie Mae Pool5.000% 07/01/20520.1%
Mariner Finance Issuance Trust 2021-A3.830% 03/20/20360.1%
Bermuda Government International Bond5.000% 07/15/20320.1%
BSPRT 2022-FL8 Issuer Ltd6.842% 02/15/20370.1%
Fannie Mae Pool4.000% 05/01/20520.1%
BARCLAYS CAPITAL0.010% 10/01/20240.0%
Fannie Mae Pool2.500% 08/01/20500.0%
GS Mortgage-Backed Securities Corp Trust 2020-PJ43.000% 01/25/20510.0%
Wisconsin Electric Power Co5.050% 10/01/20540.0%
Lendmark Funding Trust 2021-13.410% 11/20/20310.0%
Fannie Mae Pool2.500% 09/01/20510.0%
Fannie Mae Pool5.000% 07/01/20520.0%
Connecticut Avenue Securities Trust 2023-R077.230% 09/25/20430.0%
Avant Loans Funding Trust 2022-REV16.540% 09/15/20310.0%
Fannie Mae Pool2.500% 08/01/20510.0%
US Bancorp4.967% 07/22/20330.0%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.0%
American Tower Corp2.950% 01/15/20250.0%
Fannie Mae Pool3.500% 09/01/20510.0%
Baxalta Inc4.000% 06/23/20250.0%
Freddie Mac Pool2.500% 05/01/20520.0%
Octane Receivables Trust 2022-25.110% 02/22/20280.0%
Oracle Corp5.375% 07/15/20400.0%
GCAT 2020-NQM2 Trust2.555% 04/25/20650.0%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.0%
Metropolitan Life Global Funding I4.050% 08/25/20250.0%
15-YR UMBS-TBA PROD OCT5.000% 05/01/20390.0%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.0%
Octagon Investment Partners XIV Ltd6.513% 07/15/20290.0%
Marlette Funding Trust 2020-24.650% 09/16/20300.0%
US 2YR NOTE (CBT) Dec240.000% 01/06/20250.0%
Ellington Financial Mortgage Trust 2020-12.006% 05/25/20650.0%
CF Trust 2019-BOSS8.394% 12/15/20240.0%
BBCMS 2019-BWAY Mortgage Trust6.521% 11/15/20340.0%
Fannie Mae Pool3.500% 05/01/20500.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
US 10YR NOTE (CBT)Dec240.000% 12/31/20240.0%
Verus Securitization Trust 2020-13.417% 01/25/20600.0%
Verus Securitization Trust 2020-13.417% 01/25/20600.0%
WFRBS Commercial Mortgage Trust 2014-C230.535% 10/15/20570.0%
US 10yr Ultra Fut Dec240.000% 12/31/20240.0%
US ULTRA BOND CBT Dec240.000% 12/31/20240.0%
US 5YR NOTE (CBT) Dec240.000% 01/06/20250.0%

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

Dividend Payments

For
YTD Dividends Paidas of 11/27/2024
$0.34612
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 10/31/2024 $0.03337 $9.24
Daily Daily 09/30/2024 $0.03364 $9.50
Daily Daily 08/31/2024 $0.03488 $9.41
Daily Daily 07/31/2024 $0.03548 $9.31
Daily Daily 06/30/2024 $0.03448 $9.14
Daily Daily 05/31/2024 $0.03496 $9.09
Daily Daily 04/30/2024 $0.03472 $8.97
Daily Daily 03/31/2024 $0.03524 $9.22
Daily Daily 02/29/2024 $0.03407 $9.17
Daily Daily 01/31/2024 $0.03528 $9.33

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 11/30/2024
Daily Daily 12/31/2024

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $0.0408 - $0.0408 $11.09
*

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. 

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 11/27/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $9.49
$100,000 to $249,999 1.75% 1.50% $9.45
$250,000 to $499,999 1.25% 1.00% $9.40
Greater than $500,000 0.00% 1.00% $9.28

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 View Full Disclosure

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 10/31/2024

Fund Gross Expense Ratio 0.56%
Fund Net Expense Ratio 0.56%
Adjusted Expense Ratio -

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Tailored Shareholder 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
* includes items 7-11 of form N-CSR as required, if any.

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

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.

 

2

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

 

3

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 fixed income 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 Treasury Inflation Protected Securities and other inflation-indexed securities, which are subject to greater inflation rate and interest rate volatility. 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.

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 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 Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

 

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.

 

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.

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