SUMMARY PROSPECTUS
Lord Abbett Multi-Asset Income Fund
APRIL 1, 2025
CLASS/TICKER
CLASS A ............
ISFAX
CLASS I...........
ISFYX
CLASS R4 .......
LIXSX
CLASS C............
ISFCX
CLASS P .........
N/A
CLASS R5 .......
LIXTX
CLASS F ............
LIGFX
CLASS R2 .......
LIGQX
CLASS R6 .......
LIXVX
CLASS F3 ..........
ISFOX
CLASS R3 .......
LIXRX
Before you invest, you may want to review the Fund’s prospectus and statement of additional
information, which contain more information about the Fund and its risks. You can find the
Fund’s prospectus, statement of additional information and other information about the Fund at
www.lordabbett.com/documentsandliterature. You can also get this information at no cost by
calling 888-522-2388 (Option #2) or by sending an email request to literature@lordabbett.com.
The current prospectus and statement of additional information dated April 1, 2025 as may be
supplemented from time to time, are incorporated by reference into this summary prospectus.
SUMMARY – MULTI-ASSET INCOME FUND
2
INVESTMENT OBJECTIVE
The Fund’s investment objective is to seek a high level of current income.
FEES AND EXPENSES
This table describes the fees and expenses that you may pay if you buy, hold, and
sell shares of the Fund.
You may pay other fees, such as brokerage commissions
and other fees to financial intermediaries, which are not reflected in the tables
and examples below.
You may qualify for sales charge discounts if you and certain
members of your family invest, or agree to invest in the future, at least $100,000 in
the Lord Abbett Family of Funds. More information about these and other discounts
is available from your financial intermediary and in “Sales Charge Reductions and
Waivers” on page 291 of the prospectus, Appendix A to the prospectus, titled
“Intermediary-Specific Sales Charge Reductions and Waivers,” and “Purchases,
Redemptions, Pricing, and Payments to Dealers” on page 9-1 of Part II of the
statement of additional information (“SAI”).
Shareholder Fees
(1)
(Fees paid directly from your investment)
Class
A
C
F, F3, I, P, R2, R3, R4, R5, and R6
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price)
2.25%
None
None
Maximum Deferred Sales Charge (Load)
(as a percentage of offering price or redemption
proceeds, whichever is lower)
None
(2)
1.00%
(3)
None
Annual Fund Operating Expenses
(Expenses that you pay each year as a percentage of the value of your investment)
Class
A
C
F
F3
I
P
Management Fees
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
Distribution and Service (12b-1) Fees
0.25%
1.00%
0.10%
None
None
0.45%
Other Expenses
0.16%
0.16%
0.16%
0.10%
0.16%
0.16%
Acquired Fund Fees and Expenses
(4)
0.68%
0.68%
0.68%
0.68%
0.68%
0.68%
Total Annual Fund Operating Expenses
1.19%
1.94%
1.04%
0.88%
0.94%
1.39%
SUMMARY – MULTI-ASSET INCOME FUND
3
Annual Fund Operating Expenses
(continued)
(Expenses that you pay each year as a percentage of the value of your investment)
Class
R2
R3
R4
R5
R6
Management Fees
0.10%
0.10%
0.10%
0.10%
0.10%
Distribution and Service (12b-1) Fees
0.60%
0.50%
0.25%
None
None
Other Expenses
0.16%
0.16%
0.16%
0.16%
0.10%
Acquired Fund Fees and Expenses
(4)
0.68%
0.68%
0.68%
0.68%
0.68%
Total Annual Fund Operating Expenses
1.54%
1.44%
1.19%
0.94%
0.88%
(1)
A shareholder transacting in share classes without a front-end sales charge may be required to pay a commission to its
financial intermediary. Please contact your financial intermediary for more information about whether such a commission
may apply to your transaction.
(2)
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on certain Class A shares purchased or
acquired without a sales charge if they are redeemed before the first day of the month in which the one-year anniversary
of the purchase falls.
(3)
A CDSC of 1.00% may be assessed on Class C shares if they are redeemed before the first anniversary of their
purchase.
(4)
Includes interest expense from certain underlying affiliated funds of 0.17%. Excluding interest expense of the applicable
underlying affiliated funds, Total Annual Fund Operating Expenses are 1.02%, 1.77%, 0.87%, 0.71%, 0.77%, 1.22%,
1.37%, 1.27%, 1.02%, 0.77% and 0.71% for Class A, Class C, Class F, Class F3, Class I, Class P, Class R2, Class R3,
Class R4, Class R5 and Class R6, respectively.
Example
This Example is intended to help you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The Example assumes that you invest
$10,000 in the Fund for the time periods indicated and then redeem all of your shares
at the end of those periods. The Example also assumes that your investment has a
5% return each year and that the Fund’s operating expenses remain the same. Class
C shares automatically convert to Class A shares after eight years. The expense
example for Class C shares for the ten-year period reflects the conversion to Class A
shares. Although your actual costs may be higher or lower, based on these
assumptions your costs would be: