LUBAX | Ultra Short Bond Fund Class A | Lord Abbett

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Ultra Short Bond Fund

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Daily price w/o sales charge as of 01/17/2025

$10.03

$0.00

YTD Returns w/o sales charge as of 01/17/2025

0.22%

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Summary

Summary

What is the Ultra Short Bond Fund ?

The Fund seeks to deliver current income consistent with the preservation of capital by investing in a broad range of investment grade ultra-short fixed income and money market securities with a weighted average duration of less than one year.

Yield

Average Yield to Maturity as of 12/31/2024

5.13%

30-Day Standardized Yield 1 as of 12/31/2024  

4.46%

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 12/31/2024

Total Net Assets
$11.79 B
Inception Date
10/17/2016
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.43%
Fund Net Expense Ratio
0.43%
Number of Holdings
471
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

0.43%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 5.99% 5.99% 3.85% 2.50% - 2.29%
Lipper Category Avg. Ultra-Short Obligations Funds 5.78% 5.78% 3.86% 2.63% - -
ICE BofA U.S. Treasury Bill Index 5.30% 5.30% 3.89% 2.48% - 2.13%
w/ sales charge 5.99% 5.99% 3.85% 2.50% - 2.29%

Fund Expense Ratio :

0.43%

Fund Expense Ratio :

0.43%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 5.99% 5.99% 3.85% 2.50% - 2.29%
Lipper Category Avg. Ultra-Short Obligations Funds 5.78% 5.78% 3.86% 2.63% - -
ICE BofA U.S. Treasury Bill Index 5.30% 5.30% 3.89% 2.48% - 2.13%
w/ sales charge 5.99% 5.99% 3.85% 2.50% - 2.29%

Fund Expense Ratio :

0.43%

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
Corp Fixed Rate
ABS
Corp Floating
Commercial Paper
CLO
Bank Loans
U.S. Government Related
CMBS
MBS
Sovereign
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
1-2.99 years

Credit Quality Distribution as of 12/31/2024 View Portfolio

Rating Assets
A-2/P-2
A-3/P-3
U.S. Treasury
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

Yoana N. Koleva
Yoana N. Koleva, CFA

Partner, Portfolio Manager

21 Years of Industry Experience

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

Partner, Portfolio Manager

26 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner, Portfolio Manager

30 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

16 Years of Industry Experience

Supported By 82 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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Performance

Performance

NAV HISTORICAL PRICES

Date Net Asset Value

Fund Expense Ratio :

Gross 0.43%

Net 0.43%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 5.99% 5.99% 3.85% 2.50% - 2.29%
Lipper Category Avg. Ultra-Short Obligations Funds 5.78% 5.78% 3.86% 2.63% - -
ICE BofA U.S. Treasury Bill Index 5.30% 5.30% 3.89% 2.48% - 2.13%
w/ sales charge 5.99% 5.99% 3.85% 2.50% - 2.29%

Fund Expense Ratio :

Gross 0.43%

Net 0.43%

Fund Expense Ratio :

Gross 0.43%

Net 0.43%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 5.99% 5.99% 3.85% 2.50% - 2.29%
Lipper Category Avg. Ultra-Short Obligations Funds 5.78% 5.78% 3.86% 2.63% - -
ICE BofA U.S. Treasury Bill Index 5.30% 5.30% 3.89% 2.48% - 2.13%

Fund Expense Ratio :

Gross 0.43%

Net 0.43%

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Year Fund Returns ICE BofA U.S. Treasury Bill Index
2024 5.99% 5.30%
2023 5.80% 5.09%
2022 -0.11% 1.34%
2021 -0.10% 0.05%
2020 1.11% 0.74%
2019 2.83% 2.35%
2018 1.93% 1.88%
2017 1.42% 0.82%
Year Q1 Q2 Q3 Q4
2025 - - - -
2024 1.46% 1.39% 1.80% 1.21%
2023 1.43% 1.06% 1.38% 1.82%
2022 -0.78% -0.56% 0.18% 1.06%
2021 -0.02% 0.09% 0.00% -0.17%
2020 -1.35% 2.14% 0.25% 0.09%
2019 0.86% 0.74% 0.59% 0.62%
2018 0.32% 0.53% 0.66% 0.40%
2017 0.35% 0.39% 0.33% 0.35%

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

GROWTH OF $10,000 as of 12/31/2024

The chart begins on the Fund's inception date of 10/17/2016.

Based on a hypothetical Class A share investment of $10,000 on 10/17/2016 without sales charge and includes the reinvestment of all distributions.

 

Portfolio

Portfolio

Type Assets
Corp Fixed Rate
ABS
Corp Floating
Commercial Paper
CLO
Bank Loans
U.S. Government Related
CMBS
MBS
Sovereign
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
1-2.99 years

CREDIT QUALITY DISTRIBUTION as of 12/31/2024

Rating Assets
A-2/P-2
A-3/P-3
U.S. Treasury
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 09/30/2024

  • Over the quarter, we decreased allocations to short-term corporate bonds given more attractive relative value in other sectors.
  • With the significant fall in short term rates, we increased the portfolio’s allocation to CP given attractive spreads relative to Treasury Bills.
  • The portfolio’s entire allocation in CLOs is AAA-rated and we continue to find this sector as an attractive opportunity set for yield pick up as well as diversification relative to investment grade corporate.

Portfolio Details as of 12/31/2024

Total Net Assets
$11.79 B
Average Effective Duration
0.55 Years
Average Life
0.92 Years
Number of Issues
471
Average Yield to Maturity
5.13%

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
HSBC Holdings PLC 2.999% 03/10/2026 1.3%
United States Treasury Note/Bond 5.000% 09/30/2025 1.2%
Santander UK Group Holdings PLC 1.673% 06/14/2027 1.2%
Rogers Communications Inc/Ontario 0.000% 01/23/2025 0.9%
United States Treasury Inflation Indexed Bonds 0.375% 07/15/2025 0.9%
Energy Transfer LP 0.000% 01/02/2025 0.8%
Santander UK Group Holdings PLC 6.833% 11/21/2026 0.8%
Citigroup Inc 2.014% 01/25/2026 0.8%
Danske Bank A/S 6.466% 01/09/2026 0.7%
APA Corp 0.000% 01/02/2025 0.6%
% of Total Assets 9.2%
Holding Coupon Maturity Assets
HSBC Holdings PLC2.999% 03/10/20261.4%
United States Treasury Note/Bond5.000% 09/30/20251.3%
Glencore Funding LLC0.000% 12/20/20241.2%
Santander UK Group Holdings PLC1.673% 06/14/20271.2%
APA Corp0.000% 12/02/20240.9%
United States Treasury Inflation Indexed Bonds0.375% 07/15/20250.9%
Santander UK Group Holdings PLC6.833% 11/21/20260.8%
Boeing Co/The4.875% 05/01/20250.8%
Citigroup Inc2.014% 01/25/20260.8%
Conagra Brands Inc0.000% 12/18/20240.7%
Danske Bank A/S6.466% 01/09/20260.7%
United States Treasury Note/Bond4.250% 01/31/20260.6%
JPMorgan Chase & Co5.546% 12/15/20250.6%
United States Treasury Note/Bond4.250% 05/31/20250.6%
Buckhorn Park CLO Ltd5.628% 07/18/20340.6%
Standard Chartered PLC2.819% 01/30/20260.6%
Brookfield Corporate Treasury Ltd0.000% 12/27/20240.6%
Discover Card Execution Note Trust3.320% 05/15/20270.6%
UniCredit SpA2.569% 09/22/20260.6%
AIB Group PLC7.583% 10/14/20260.5%
Broadcom Inc5.845% 11/20/20260.5%
NextGear Floorplan Master Owner Trust2.800% 03/15/20270.5%
Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.5%
Danske Bank A/S1.621% 09/11/20260.5%
Lloyds Banking Group PLC3.511% 03/18/20260.5%
Microchip Technology Inc5.798% 08/29/20250.5%
Morgan Stanley2.188% 04/28/20260.5%
Toyota Motor Credit Corp5.353% 01/05/20260.5%
Brookfield Infrastructure Holdings Canada Inc0.000% 01/09/20250.5%
FMC Corp0.000% 12/20/20240.5%
VICI Properties LP / VICI Note Co Inc4.625% 06/15/20250.5%
US Bank NA/Cincinnati OH5.350% 10/22/20270.5%
GA Global Funding Trust6.045% 04/11/20250.5%
Ford Credit Auto Owner Trust 2018-REV13.190% 07/15/20310.4%
Rolls-Royce PLC3.625% 10/14/20250.4%
Ares XXXIV CLO Ltd5.967% 04/17/20330.4%
Ovintiv Inc0.000% 12/18/20240.4%
Vistra Operations Co LLC5.125% 05/13/20250.4%
Wells Fargo & Co2.164% 02/11/20260.4%
AON CORPORATION5.823% 02/16/20270.4%
BPCE SA5.975% 01/18/20270.4%
RTX Corp5.756% 05/07/20250.4%
Bank of America Corp3.384% 04/02/20260.4%
Regal Rexnord Corp6.050% 02/15/20260.4%
Bank of Nova Scotia/The5.250% 12/06/20240.4%
Goldman Sachs Bank USA/New York NY5.414% 05/21/20270.4%
Honda Auto Receivables 2023-1 Owner Trust5.040% 04/21/20270.4%
Jefferies Financial Group Inc5.150% 09/15/20250.4%
Goldman Sachs Bank USA/New York NY5.546% 03/18/20270.4%
General Motors Financial Co Inc5.730% 07/15/20270.4%
Enel Finance America LLC0.000% 12/13/20240.4%
Wells Fargo Bank NA5.666% 08/07/20260.4%
Morgan Stanley Bank NA5.352% 10/15/20270.4%
Mercedes-Benz Finance North America LLC5.447% 11/15/20270.4%
American Honda Finance Corp5.401% 01/09/20260.4%
International Flavors & Fragrances Inc0.000% 12/30/20240.4%
Bank of Nova Scotia/The5.916% 06/12/20250.4%
Regatta XIV Funding Ltd5.726% 10/25/20310.4%
Citibank NA5.534% 09/29/20250.4%
Royal Bank of Canada5.743% 07/20/20260.4%
Bank of Montreal5.688% 09/25/20250.4%
Toronto-Dominion Bank/The5.749% 07/17/20260.4%
Canadian Imperial Bank of Commerce5.765% 09/11/20270.4%
State Street Corp5.467% 08/03/20260.4%
Goldman Sachs Group Inc/The5.667% 08/10/20260.4%
Citibank NA5.308% 11/19/20270.4%
Wells Fargo & Co2.188% 04/30/20260.4%
Nissan Auto Lease Trust 2023-B5.690% 07/15/20260.4%
Banco Nacional de Comercio Exterior SNC/Cayman Islands4.375% 10/14/20250.4%
APA Corp0.000% 12/06/20240.4%
BPCE SA1.652% 10/06/20260.4%
Swedbank AB6.189% 06/15/20260.4%
UBS Group AG2.193% 06/05/20260.4%
Citizens Bank NA/Providence RI5.284% 01/26/20260.4%
National Bank of Canada5.638% 03/25/20270.4%
Honda Auto Receivables 2023-4 Owner Trust5.670% 06/21/20280.4%
Hyundai Capital America5.942% 11/03/20250.4%
Hyundai Capital America5.772% 08/04/20250.4%
NatWest Markets PLC6.199% 03/22/20250.4%
TICP CLO VII Ltd5.947% 04/15/20330.4%
BAXTER INTL INC5.923% 09/30/20260.3%
Svenska Handelsbanken AB6.059% 06/15/20260.3%
Honda Auto Receivables 2024-4 Owner Trust4.560% 03/15/20270.3%
Amur Equipment Finance Receivables XIII LLC5.380% 01/21/20310.3%
Madison Park Funding XLII Ltd5.776% 11/21/20300.3%
Air Lease Corp5.300% 06/25/20260.3%
Avolon Holdings Funding Ltd4.250% 04/15/20260.3%
PNC Bank NA5.070% 01/15/20270.3%
Las Vegas Sands Corp2.900% 06/25/20250.3%
Home Depot Inc/The5.100% 12/24/20250.3%
HSBC Holdings PLC1.645% 04/18/20260.3%
Barclays PLC2.852% 05/07/20260.3%
Ford Motor Credit Co LLC4.389% 01/08/20260.3%
GS Mortgage Securities Corp Trust 2021-ROSS6.024% 05/15/20260.3%
Galaxy XXVI CLO Ltd5.684% 11/22/20310.3%
Enterprise Fleet Financing 2024-1 LLC5.230% 03/20/20300.3%
American Express Co5.840% 03/04/20250.3%
Qorvo Inc1.750% 12/15/20240.3%
Westlake Automobile Receivables Trust 2024-15.550% 11/15/20270.3%
Cigna Group/The5.685% 03/15/20260.3%
Royal Bank of Canada5.440% 07/23/20270.3%
American Tower Corp1.600% 04/15/20260.3%
BNP Paribas SA2.219% 06/09/20260.3%
Australia & New Zealand Banking Group Ltd5.358% 07/16/20270.3%
GLP Capital LP / GLP Financing II Inc5.375% 04/15/20260.3%
DENTSPLY SIRONA Inc0.000% 12/18/20240.3%
Mitsubishi UFJ Financial Group Inc6.124% 04/17/20260.3%
UBS Group AG4.703% 08/05/20270.3%
Royal Bank of Canada5.386% 10/18/20270.3%
Porsche Innovative Lease Owner Trust 2024-24.350% 10/20/20270.3%
UBS Group AG4.488% 05/12/20260.3%
Ford Motor Credit Co LLC6.069% 11/05/20260.3%
VICI Properties LP / VICI Note Co Inc4.250% 12/01/20260.3%
Avolon Holdings Funding Ltd2.125% 02/21/20260.3%
OneMain Direct Auto Receivables Trust 2021-11.260% 07/14/20280.3%
Harley-Davidson Financial Services Inc0.000% 12/12/20240.3%
GM Financial Automobile Leasing Trust 2024-25.390% 07/20/20270.3%
522 Funding CLO 2020-6 Ltd5.758% 10/23/20340.3%
Occidental Petroleum Corp8.500% 07/15/20270.3%
Citigroup Inc5.610% 09/29/20260.3%
Bank of America Corp1.658% 03/11/20270.3%
Carmax Auto Owner Trust 2023-25.050% 01/18/20280.3%
Athene Global Funding5.684% 02/23/20260.3%
Hyundai Capital America6.201% 01/08/20270.3%
Octane Receivables Trust 2024-15.680% 05/20/20300.3%
Whirlpool Corp0.000% 12/02/20240.3%
Korea National Oil Corp5.646% 09/30/20270.3%
BlueMountain Fuji US Clo I Ltd5.859% 07/20/20290.3%
Spire Inc5.300% 03/01/20260.3%
Dell Equipment Finance Trust 2024-15.390% 03/22/20300.3%
Aircastle Ltd5.250% 08/11/20250.3%
JPMBB Commercial Mortgage Securities Trust 2015-C283.227% 10/15/20480.3%
Societe Generale SA5.697% 02/19/20270.3%
Corebridge Global Funding6.038% 09/25/20260.3%
Dell Equipment Finance Trust 2023-15.650% 09/22/20280.3%
Honda Auto Receivables 2024-2 Owner Trust5.270% 11/20/20280.3%
Octagon Investment Partners 30 Ltd5.879% 03/17/20300.3%
National Australia Bank Ltd5.188% 10/26/20270.3%
Dryden 40 Senior Loan Fund5.673% 08/15/20310.3%
American Honda Finance Corp5.146% 05/21/20260.3%
Drive Auto Receivables Trust 2024-24.500% 09/15/20280.3%
Intel Corp3.400% 03/25/20250.3%
NatWest Group PLC7.472% 11/10/20260.3%
Harley-Davidson Financial Services Inc0.000% 02/27/20250.3%
Crown Castle Inc0.000% 12/05/20240.3%
Daimler Truck Finance North America LLC5.600% 08/08/20250.3%
Warnermedia Holdings Inc6.412% 03/15/20260.3%
Allegro CLO VII Ltd5.786% 06/13/20310.3%
PEAC Solutions Receivables 2024-1 LLC5.790% 06/21/20270.3%
Ford Motor Credit Co LLC5.125% 06/16/20250.3%
Bank of America Auto Trust 2023-25.740% 06/15/20280.3%
Benefit Street Partners CLO XIX Ltd5.836% 01/15/20330.3%
National Securities Clearing Corp5.150% 06/26/20260.3%
Solventum Corp5.986% 08/18/20250.2%
Madison Park Funding XL Ltd5.766% 05/28/20300.2%
Navistar Financial Dealer Note Master Owner Trust5.590% 04/25/20290.2%
KKR CLO 40 Ltd5.917% 10/20/20340.2%
OZLM Funding II Ltd5.789% 07/30/20310.2%
Apidos Clo Xxv5.767% 10/20/20310.2%
GM Financial Automobile Leasing Trust 2024-34.210% 10/20/20270.2%
Santander Drive Auto Receivables Trust 2024-25.800% 09/15/20270.2%
Verdant Receivables 2024-1 LLC5.680% 12/12/20310.2%
JPMorgan Chase Bank NA5.869% 12/08/20260.2%
Tricolor Auto Securitization Trust 2024-35.220% 06/15/20280.2%
HSBC USA Inc5.870% 03/04/20270.2%
Bank of Montreal5.995% 12/11/20260.2%
BPCE SA5.252% 01/14/20250.2%
Hyundai Capital America5.800% 06/26/20250.2%
Barclays PLC7.325% 11/02/20260.2%
Keurig Dr Pepper Inc5.689% 03/15/20270.2%
General Motors Financial Co Inc5.954% 05/08/20270.2%
Jackson National Life Global Funding3.050% 04/29/20260.2%
Athene Global Funding5.948% 03/25/20270.2%
American Honda Finance Corp5.596% 03/12/20270.2%
Australia & New Zealand Banking Group Ltd5.476% 01/18/20270.2%
Mercedes-Benz Finance North America LLC5.272% 07/31/20260.2%
UBS Group AG4.125% 09/24/20250.2%
GLS Auto Select Receivables Trust 2024-35.590% 10/15/20290.2%
Citizens Auto Receivables Trust 2023-15.840% 01/18/20280.2%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.2%
Westlake Automobile Receivables Trust 2024-25.560% 02/15/20280.2%
SBNA Auto Lease Trust 2024-A5.450% 01/20/20260.2%
Galaxy XXII CLO Ltd5.887% 04/16/20340.2%
Synchrony Card Funding LLC3.860% 07/15/20280.2%
Affirm Asset Securitization Trust 2024-X16.270% 05/15/20290.2%
SBNA Auto Lease Trust 2024-B5.670% 11/20/20260.2%
Bank of Montreal5.200% 12/12/20240.2%
UBS Group AG3.750% 03/26/20250.2%
HSBC Holdings PLC4.292% 09/12/20260.2%
Marvell Technology Inc5.986% 04/20/20260.2%
Madison Park Funding XVII Ltd5.879% 07/21/20300.2%
CRH America Finance Inc0.000% 12/17/20240.2%
Westlake Automobile Receivables Trust 2021-21.230% 12/15/20260.2%
Ally Auto Receivables Trust 2024-24.460% 07/15/20270.2%
Brookfield Infrastructure Holdings Canada Inc0.000% 01/07/20250.2%
Ford Credit Auto Lease Trust 2024-B4.990% 12/15/20270.2%
Magna International Inc5.980% 03/21/20260.2%
Westlake Automobile Receivables Trust 2024-15.440% 05/17/20270.2%
BNP Paribas SA1.323% 01/13/20270.2%
Chesapeake Funding II LLC5.520% 05/15/20360.2%
GLP Capital LP / GLP Financing II Inc5.250% 06/01/20250.2%
Volkswagen Group of America Finance LLC5.588% 03/20/20260.2%
Synchrony Bank5.400% 08/22/20250.2%
KIND Trust 2021-KIND5.674% 08/15/20380.2%
Merchants Fleet Funding LLC5.820% 04/20/20370.2%
Flagship Credit Auto Trust 2024-15.480% 10/16/20280.2%
Glencore Funding LLC5.766% 04/04/20270.2%
Brookfield Infrastructure Holdings Canada Inc0.000% 03/13/20250.2%
Daimler Truck Finance North America LLC5.718% 09/25/20270.2%
Westlake Automobile Receivables Trust 2024-25.620% 03/15/20300.2%
Capital One Prime Auto Receivables Trust 2022-23.660% 05/17/20270.2%
DLLAA 2023-1 LLC5.930% 07/20/20260.2%
Santander Drive Auto Receivables Trust 2024-54.880% 09/15/20270.2%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.2%
Skandinaviska Enskilda Banken AB5.776% 03/05/20270.2%
Morgan Stanley4.679% 07/17/20260.2%
Celanese US Holdings LLC6.050% 03/15/20250.2%
Macquarie Bank Ltd5.637% 07/02/20270.2%
Volkswagen Group of America Finance LLC5.800% 09/12/20250.2%
Crestline Denali CLO XVII Ltd5.786% 10/15/20310.2%
ARI Fleet Lease Trust 2024-B5.540% 04/15/20330.2%
Royal Bank of Canada5.613% 01/19/20270.2%
American Honda Finance Corp5.401% 07/09/20270.2%
Volkswagen Group of America Finance LLC5.756% 09/12/20250.2%
American Honda Finance Corp5.197% 08/14/20250.2%
Citigroup Inc3.106% 04/08/20260.2%
Brookfield Infrastructure Holdings Canada Inc0.000% 12/03/20240.2%
Caterpillar Financial Services Corp5.157% 11/15/20270.2%
Sumitomo Mitsui Financial Group Inc5.991% 07/13/20260.2%
ING Groep NV3.869% 03/28/20260.2%
American Express Co6.338% 10/30/20260.2%
Sumitomo Mitsui Trust Bank Ltd5.866% 09/10/20270.2%
Georgia Power Co5.354% 05/08/20250.2%
Citizens Auto Receivables Trust 2024-25.540% 11/16/20260.2%
Public Storage Operating Co5.378% 04/16/20270.2%
Toronto-Dominion Bank/The3.766% 06/06/20250.2%
Lending Funding Trust 2020-22.320% 04/21/20310.2%
Bank of America Corp2.015% 02/13/20260.2%
NRG Energy Inc2.000% 12/02/20250.2%
Hyundai Auto Lease Securitization Trust 2024-B5.410% 05/17/20270.2%
ENEL FINANCE AMERICA LLC6.260% 11/20/20260.2%
Ovintiv Inc5.650% 05/15/20250.2%
Toyota Auto Receivables 2023-D Owner Trust5.540% 08/15/20280.2%
AmeriCredit Automobile Receivables Trust 2023-26.190% 04/19/20270.2%
NextGear Floorplan Master Owner Trust5.906% 03/15/20280.2%
Flagship Credit Auto Trust 2023-35.890% 07/15/20270.2%
Post Road Equipment Finance 2024-1 LLC5.590% 11/15/20290.2%
BXHPP Trust 2021-FILM5.373% 08/15/20360.2%
Ford Credit Auto Owner Trust 2023-C5.530% 09/15/20280.2%
CommonSpirit Health0.000% 01/09/20250.2%
Huntington Auto Trust 2024-15.500% 03/15/20270.2%
Volvo Financial Equipment LLC Series 2024-14.560% 05/17/20270.2%
Bank of Ireland Group PLC6.253% 09/16/20260.2%
Enterprise Fleet Financing 2024-2 LLC5.740% 12/20/20260.2%
Avolon Holdings Funding Ltd2.875% 02/15/20250.2%
Santander Drive Auto Receivables Trust 2024-35.630% 01/16/20290.2%
Citibank NA5.317% 08/06/20260.2%
Exeter Automobile Receivables Trust 2024-54.450% 03/15/20280.2%
Avis Budget Rental Car Funding AESOP LLC1.380% 08/20/20270.2%
AmeriCredit Automobile Receivables Trust 2024-15.750% 02/18/20280.2%
ANZ New Zealand Int'l Ltd/London5.196% 02/18/20250.2%
National Australia Bank Ltd5.510% 12/10/20250.2%
Expand Energy Corp5.500% 02/01/20260.2%
Barclays PLC5.304% 08/09/20260.2%
Goldman Sachs Group Inc/The0.855% 02/12/20260.2%
BNP Paribas SA4.375% 09/28/20250.2%
Synchrony Card Funding LLC3.370% 04/15/20280.1%
AES Corp/The3.300% 07/15/20250.1%
Ford Motor Credit Co LLC4.134% 08/04/20250.1%
Credit Acceptance Auto Loan Trust 2023-16.480% 03/15/20330.1%
SFS Auto Receivables Securitization Trust 2024-25.710% 10/20/20270.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.450% 10/01/20250.1%
Aviation Capital Group LLC1.950% 01/30/20260.1%
State Street Corp5.295% 10/22/20270.1%
Berry Global Inc4.875% 07/15/20260.1%
Ford Credit Auto Lease Trust 2023-A4.940% 03/15/20260.1%
Cedar Funding XI Clo Ltd5.559% 05/29/20320.1%
Freddie Mac STACR REMIC Trust 2024-HQA25.984% 08/25/20440.1%
Algonquin Power & Utilities Corp5.365% 06/15/20260.1%
Boeing Co/The2.196% 02/04/20260.1%
Canadian Imperial Bank of Commerce5.144% 04/28/20250.1%
Ford Motor Credit Co LLC2.300% 02/10/20250.1%
GreenSky Home Improvement Trust 2024-15.880% 06/25/20590.1%
VICI Properties LP4.375% 05/15/20250.1%
Air Lease Corp3.375% 07/01/20250.1%
Korea National Oil Corp5.688% 11/14/20260.1%
BPCE SA2.045% 10/19/20270.1%
CarMax Auto Owner Trust 2024-25.650% 05/17/20270.1%
GXO Logistics Inc1.650% 07/15/20260.1%
Solventum Corp5.986% 02/16/20270.1%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.1%
Mercedes-Benz Auto Receivables Trust 2023-25.950% 11/15/20280.1%
Connecticut Avenue Securities Trust 2024-R055.734% 07/25/20440.1%
Ally Bank Auto Credit-Linked Notes Series 2024-A5.681% 05/17/20320.1%
Macquarie Group Ltd1.340% 01/12/20270.1%
MF1 2021-FL6 Ltd5.825% 07/16/20360.1%
Synchrony Financial4.875% 06/13/20250.1%
UBS Group AG6.373% 07/15/20260.1%
Ovintiv Inc0.000% 12/20/20240.1%
Santander Drive Auto Receivables Trust 2024-15.250% 04/17/20280.1%
Brown & Brown Inc6.436% 10/27/20260.1%
Crown Castle Inc0.000% 01/09/20250.1%
Citizens Bank NA/Providence RI3.750% 02/18/20260.1%
Viterra Finance BV2.000% 04/21/20260.1%
GreatAmerica Leasing Receivables Funding LLC Series 2021-21.040% 09/15/20270.1%
Vontier Corp1.800% 04/01/20260.1%
Westlake Automobile Receivables Trust 2023-46.230% 01/15/20270.1%
Carmax Select Receivables Trust 2024-A5.780% 09/15/20270.1%
State Street Bank & Trust Co5.056% 11/25/20260.1%
Consolidated Edison Co of New York Inc5.116% 11/18/20270.1%
Public Storage Operating Co5.245% 07/25/20250.1%
Bank of America Auto Trust 2023-15.530% 02/15/20280.1%
Citizens Financial Group Inc2.850% 07/27/20260.1%
Bacardi-Martini BV0.000% 12/12/20240.1%
BMW US Capital LLC5.399% 08/13/20260.1%
Marsh & McLennan Cos Inc5.304% 11/08/20270.1%
Synchrony Financial4.500% 07/23/20250.1%
VICI Properties LP / VICI Note Co Inc3.750% 02/15/20270.1%
Korea National Oil Corp5.559% 04/03/20270.1%
COMM 2015-CCRE23 Mortgage Trust3.497% 05/10/20480.1%
KREF 2021-FL2 Ltd5.795% 02/15/20390.1%
SBNA Auto Lease Trust 2023-A6.270% 04/20/20260.1%
Verizon Master Trust5.610% 09/08/20280.1%
Pacific Gas and Electric Co5.839% 09/04/20250.1%
Occidental Petroleum Corp6.173% 07/31/20250.1%
Hertz Vehicle Financing III LLC1.990% 06/25/20260.1%
Ford Credit Auto Lease Trust 2024-A5.060% 05/15/20270.1%
Ford Credit Auto Lease Trust 2024-A5.290% 06/15/20270.1%
LAD Auto Receivables Trust 2024-34.640% 11/15/20270.1%
Hewlett Packard Enterprise Co4.450% 09/25/20260.1%
Discover Card Execution Note Trust4.930% 06/15/20280.1%
Mercedes-Benz Auto Lease Trust 2024-A5.320% 01/18/20280.1%
Citizens Auto Receivables Trust 2023-26.090% 10/15/20260.1%
Aqua Finance Trust 2021-A1.540% 07/17/20460.1%
OneMain Direct Auto Receivables Trust 2021-10.870% 07/14/20280.1%
EnLink Midstream Partners LP4.850% 07/15/20260.1%
Citigroup Commercial Mortgage Trust 2016-P33.329% 04/15/20490.1%
GXO Logistics Inc5.813% 05/27/20250.1%
Exeter Automobile Receivables Trust 2024-54.480% 04/16/20290.1%
PEAC Solutions Receivables 2024-2 LLC4.740% 04/20/20270.1%
CarMax Auto Owner Trust 2023-46.080% 12/15/20260.1%
GLS Auto Receivables Issuer Trust 2024-44.750% 07/17/20280.1%
Amgen Inc5.507% 03/02/20260.1%
UBS Group AG1.494% 08/10/20270.1%
Aviation Capital Group LLC1.950% 09/20/20260.1%
VStrong Auto Receivables Trust 2024-A5.790% 08/16/20270.1%
Freddie Mac STACR REMIC Trust 2024-DNA35.784% 10/25/20440.1%
DLLST 2024-1 LLC5.330% 01/20/20260.1%
Citigroup Commercial Mortgage Trust 2016-C12.944% 05/10/20490.1%
TCI-Flatiron Clo 2017-1 Ltd5.707% 11/18/20300.1%
Barclays PLC2.279% 11/24/20270.1%
WHIRLPOOL CORP0.000% 12/09/20240.1%
Wells Fargo & Co3.908% 04/25/20260.1%
FMC CORP0.000% 12/30/20240.1%
Citigroup Commercial Mortgage Trust 2015-GC353.549% 11/10/20480.1%
Expand Energy Corp5.700% 01/23/20250.1%
General Motors Financial Co Inc4.350% 04/09/20250.1%
Macquarie Bank Ltd4.875% 06/10/20250.1%
Ford Motor Credit Co LLC4.687% 06/09/20250.1%
JPMDB Commercial Mortgage Securities Trust 2016-C23.144% 06/15/20490.1%
BXMT 2021-FL4 Ltd5.775% 05/15/20380.1%
American Electric Power Co Inc5.699% 08/15/20250.1%
Emera US Finance LP3.550% 06/15/20260.1%
Freddie Mac STACR REMIC Trust 2022-DNA15.734% 01/25/20420.1%
Flagship Credit Auto Trust 2023-35.440% 04/17/20280.1%
BX Trust 2021-ARIA5.623% 10/15/20360.1%
AmeriCredit Automobile Receivables Trust 2024-15.430% 01/18/20290.1%
Societe Generale SA2.226% 01/21/20260.1%
Connecticut Avenue Securities Trust 2022-R025.934% 01/25/20420.1%
Boardwalk Pipelines LP4.950% 12/15/20240.1%
Jackson National Life Global Funding5.600% 04/10/20260.1%
Bank of Ireland Group PLC2.029% 09/30/20270.1%
NextEra Energy Capital Holdings Inc5.749% 09/01/20250.1%
HSBC Holdings PLC2.099% 06/04/20260.1%
Vistra Operations Co LLC3.700% 01/30/20270.1%
AmeriCredit Automobile Receivables Trust 2022-24.810% 04/18/20280.1%
GLS Auto Select Receivables Trust 2024-25.580% 06/17/20300.1%
Carlyle Global Market Strategies CLO 2012-4 Ltd5.752% 04/22/20320.1%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.1%
Freddie Mac STACR REMIC Trust 2024-DNA25.984% 05/25/20440.1%
FS RIALTO5.945% 05/16/20380.1%
Charter Communications Operating LLC / Charter Communications Operating Capital4.908% 07/23/20250.1%
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C273.473% 12/15/20470.1%
UBS AG/Stamford CT2.950% 04/09/20250.1%
Imperial Brands Finance PLC3.500% 07/26/20260.1%
First Investors Auto Owner Trust 2022-26.260% 07/15/20270.1%
Freddie Mac STACR REMIC Trust 2021-HQA45.684% 12/25/20410.1%
Morgan Stanley2.630% 02/18/20260.1%
Exeter Automobile Receivables Trust 2024-35.650% 12/15/20270.1%
Aviation Capital Group LLC4.875% 10/01/20250.1%
CSAIL 2016-C6 Commercial Mortgage Trust2.823% 01/15/20490.1%
AES Corp/The0.000% 12/04/20240.1%
Westlake Flooring Master Trust5.430% 02/15/20280.1%
American Airlines 2017-1 Class B Pass Through Trust4.950% 02/15/20250.1%
NextEra Energy Capital Holdings Inc6.051% 03/01/20250.1%
LFT CRE 2021-FL1 Ltd5.894% 06/15/20390.1%
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C263.252% 10/15/20480.1%
Freddie Mac STACR REMIC Trust 2024-HQA15.984% 03/25/20440.1%
Santander Drive Auto Receivables Trust 2022-54.740% 10/16/20280.1%
Nissan Auto Receivables 2023-B Owner Trust5.930% 03/15/20280.1%
Wells Fargo Commercial Mortgage Trust 2015-NXS13.148% 05/15/20480.1%
Capital One NA2.280% 01/28/20260.1%
UnitedHealth Group Inc5.180% 07/15/20260.1%
Santander UK Group Holdings PLC1.532% 08/21/20260.1%
SCF Equipment Leasing 2024-1 LLC5.880% 11/20/20290.1%
Bayer US Finance II LLC4.250% 12/15/20250.1%
Affirm Asset Securitization Trust 2023-A6.610% 01/18/20280.1%
Illumina Inc4.650% 09/09/20260.1%
COMM 2015-LC21 Mortgage Trust3.708% 07/10/20480.1%
East Ohio Gas Co/The1.300% 06/15/20250.1%
Santander Drive Auto Receivables Trust 2024-15.710% 02/16/20270.1%
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C223.046% 04/15/20480.1%
Danske Bank A/S3.244% 12/20/20250.1%
Crown Castle Inc1.350% 07/15/20250.1%
Citigroup Commercial Mortgage Trust 2015-GC333.778% 09/10/20580.1%
Expand Energy Corp8.375% 09/15/20280.1%
Wells Fargo Commercial Mortgage Trust 2016-NXS53.370% 01/15/20590.1%
RenaissanceRe Finance Inc3.700% 04/01/20250.1%
Morgan Stanley Capital I Trust 2016-UBS93.594% 03/15/20490.0%
Athene Global Funding2.550% 06/29/20250.0%
Mariner Finance Issuance Trust 2021-A1.860% 03/20/20360.0%
Carvana Auto Receivables Trust 2021-N11.090% 01/10/20280.0%
SBNA Auto Receivables Trust 2024-A5.700% 03/15/20270.0%
Avis Budget Rental Car Funding AESOP LLC2.360% 03/20/20260.0%
CSAIL 2016-C6 Commercial Mortgage Trust3.090% 01/15/20490.0%
Exeter Automobile Receivables Trust 2024-35.820% 02/15/20270.0%
GA Global Funding Trust1.625% 01/15/20260.0%
VICI Properties LP / VICI Note Co Inc4.500% 09/01/20260.0%
Discovery Communications LLC3.950% 06/15/20250.0%
Westlake Automobile Receivables Trust 2024-15.650% 02/15/20290.0%
BXMT 2020-FL2 LTD5.625% 02/15/20380.0%
Societe Generale SA1.488% 12/14/20260.0%
JPMDB Commercial Mortgage Securities Trust 2016-C22.881% 06/15/20490.0%
Corebridge Global Funding5.750% 07/02/20260.0%
Hertz Vehicle Financing LLC1.210% 12/26/20250.0%
Trimble Inc4.750% 12/01/20240.0%
Banco Bilbao Vizcaya Argentaria SA5.862% 09/14/20260.0%
Continental Resources Inc/OK2.268% 11/15/20260.0%
Amgen Inc5.250% 03/02/20250.0%
Hexcel Corp4.950% 08/15/20250.0%
Fannie Mae Connecticut Avenue Securities5.634% 11/25/20410.0%
Avolon TLB Borrower 1 US LLC6.222% 02/12/20270.0%
Citigroup Commercial Mortgage Trust 2016-GC373.050% 04/10/20490.0%
Freddie Mac STACR REMIC Trust 2024-DNA35.734% 10/25/20440.0%
HGI CRE CLO 2021-FL1 Ltd5.775% 06/16/20360.0%
Ford Motor Credit Co LLC3.375% 11/13/20250.0%
Toyota Motor Credit Corp5.376% 08/07/20260.0%
Vistra Operations Co LLC5.050% 12/30/20260.0%
HPEFS Equipment Trust 2023-15.430% 08/20/20250.0%
GLS Auto Receivables Issuer Trust 2021-31.110% 09/15/20260.0%
Sonoco Products Co4.450% 09/01/20260.0%
CSAIL 2015-C1 Commercial Mortgage Trust3.505% 04/15/20500.0%
Octagon Investment Partners XIV Ltd5.868% 07/15/20290.0%
Santander Drive Auto Receivables Trust 2023-46.180% 02/16/20270.0%
COMM 2015-DC1 Mortgage Trust3.350% 02/10/20480.0%
GM Financial Consumer Automobile Receivables Trust 2023-15.190% 03/16/20260.0%
Csail 2015-C2 Commercial Mortgage Trust3.231% 06/15/20570.0%
Flagship Credit Auto Trust 2023-15.380% 12/15/20260.0%
Cleco Corporate Holdings LLC3.743% 05/01/20260.0%
Capital One Prime Auto Receivables Trust 2023-15.200% 05/15/20260.0%
US 2YR NOTE (CBT) Mar250.000% 04/03/20250.0%
Westlake Automobile Receivables Trust 2023-25.870% 07/15/20260.0%
Freddie Mac STACR REMIC Trust 2021-DNA65.534% 10/25/20410.0%
Affirm Asset Securitization Trust 2022-X11.750% 02/15/20270.0%

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

For
YTD Dividends Paidas of 01/17/2025
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2024 $0.04016 $10.03
Daily Daily 11/30/2024 $0.03976 $10.03
Daily Daily 10/31/2024 $0.04124 $10.02
Daily Daily 09/30/2024 $0.04188 $10.03
Daily Daily 08/31/2024 $0.04352 $10.02
Daily Daily 07/31/2024 $0.04321 $10.01
Daily Daily 06/30/2024 $0.04262 $9.98
Daily Daily 05/31/2024 $0.04337 $9.98
Daily Daily 04/30/2024 $0.04208 $9.97
Daily Daily 03/31/2024 $0.04243 $9.97
Daily Daily 02/29/2024 $0.04025 $9.97
Daily Daily 01/31/2024 $0.04180 $9.97

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2025
Daily Daily 02/28/2025
Daily Daily 03/31/2025
Daily Daily 04/30/2025
Daily Daily 05/31/2025
Daily Daily 06/30/2025
Daily Daily 07/31/2025
Daily Daily 08/31/2025
Daily Daily 09/30/2025
Daily Daily 10/31/2025
Daily Daily 11/30/2025
Daily Daily 12/31/2025

CAPITAL GAINS DISTRIBUTIONS

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/14/2017 12/15/2017 - $0.0003 $0.0003 $10.01
*

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

EXPENSE RATIOas of 12/31/2024

Fund Gross Expense Ratio 0.43%
Fund Net Expense Ratio 0.43%

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
* 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

 

New Fund Risk: The Fund is newly organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investing strategy.

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of 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. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. 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. Although the Fund may invest in money market securities, this is not a money market fund. These factors can affect Fund performance. As it is a newly organized fund, the Fund’s performance at this time is very limited. The Fund's performance achieved during its initial period of investment operation may not be replicated over longer periods and may not be indicative of how the Fund will perform in the future. Past performance is no guarantee of future results.

 

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

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

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

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The ICE BofA ML U.S. Treasury Bill Index tracks the performance of US dollar denominated US Treasury Bills publicly issued in the US domestic market. Qualifying securities must have at least one month remaining term to final maturity and a minimum amount outstanding of $1 billion. The benchmark has not been examined by Deloitte & Touche LLP. 
 

Source: ICE Data Indices, LLC. 

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

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.

 

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