L
O
R
D
A
B
B
E
T
T
F
I
N
A
N
C
I
A
L
S
T
A
T
E
M
E
N
T
S
A
N
D
O
T
H
E
R
I
M
P
O
R
T
A
N
T
I
N
F
O
R
M
A
T
I
O
N
Lord Abbett
Convertible Fund
Core Fixed Income Fund
Core Plus Bond Fund
Floating Rate Fund
High Yield Fund
Income Fund
Inflation Focused Fund
Short Duration Core Bond Fund
Short Duration Income Fund
Total Return Fund
Ultra Short Bond Fund
F
o
r
t
h
e
f
i
s
c
a
l
y
e
a
r
e
n
d
e
d
N
o
v
e
m
b
e
r
3
0
,
2
0
2
4
T
a
b
l
e
o
f
C
o
n
t
e
n
t
s
Schedules of Investments (Item 7)
1
Convertible Fund
7
Core Fixed Income Fund
28
Core Plus Bond Fund
61
Floating Rate Fund
95
High Yield Fund
129
Income Fund
159
Inflation Focused Fund
190
Short Duration Core Bond Fund
214
Short Duration Income Fund
269
Total Return Fund
296
Ultra Short Bond Fund
322
Statements of Assets and Liabilities (Item 7)
330
Statements of Operations (Item 7)
336
Statements of Changes in Net Assets (Item 7)
344
Financial Highlights (Item 7)
388
Notes to Financial Statements (Item 7)
443
Report of Independent Registered Public Accounting Firm (Item 7)
444
Changes in and Disagreements with Accountants (Item 8)
444
Proxy Disclosures (Item 9)
444
Remuneration Paid to Trustees, Officers, and Others (Item 10)
S
e
e
N
o
t
e
s
t
o
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
.
1
S
c
h
e
d
u
l
e
o
f
I
n
v
e
s
t
m
e
n
t
s
CONVERTIBLE FUND
N
o
v
e
m
b
e
r
3
0
,
2
0
2
4
Fair
Investments
Shares
Value
LONG-TERM INVESTMENTS 96.54%
COMMON STOCKS 0.95%
Information Technology Services 0.23%
GDS Holdings Ltd. ADR*
69,000
$ 1,358,610
Software 0.72%
CyberArk Software Ltd. (Israel)*
(a)
13,267
4,292,007
Total Common Stocks
(cost $5,481,824)
5,650,617
Interest Maturity Principal
Rate
Date Amount
‡
CONVERTIBLE BONDS 85.69%
Aerospace/Defense 0.77%
Rheinmetall AG
2.25%
2/7/2030
EUR
2,100,000
4,584,896
Airlines 3.51%
Southwest Airlines Co.
1.25%
5/1/2025 $20,400,000
20,802,900
Auto Manufacturers 0.42%
Rivian Automotive, Inc.
3.625%
10/15/2030 2,850,000
2,495,674
Biotechnology 1.89%
Insmed, Inc.
0.75%
6/1/2028 1,932,000
4,538,881
Sarepta Therapeutics, Inc.
1.25%
9/15/2027 5,750,000
6,655,386
Total
11,194,267
Commercial Services 2.74%
Shift4 Payments, Inc.
0.50%
8/1/2027 9,400,000
10,734,407
Stride, Inc.
1.125%
9/1/2027 2,700,000
5,534,652
Total
16,269,059
Computers 5.86%
Lumentum Holdings, Inc.
0.50%
12/15/2026 9,470,000
10,639,545
Lumentum Holdings, Inc.
1.50%
12/15/2029 1,940,000
2,781,960
Parsons Corp.
†
2.625%
3/1/2029 6,300,000
7,542,411
Seagate HDD Cayman (Cayman Islands)
(a)
3.50%
6/1/2028 1,604,000
2,152,888
Varonis Systems, Inc.
†
1.00%
9/15/2029 8,247,000
8,285,275
Western Digital Corp.
3.00%
11/15/2028 2,166,000
3,347,999
Total
34,750,078
2
S
e
e
N
o
t
e
s
t
o
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
.
Diversified Financial Services 4.53%
Coinbase Global, Inc.
0.50%
6/1/2026 $12,635,000
$ 14,201,740
SoFi Technologies, Inc.
†
1.25%
3/15/2029 4,415,000
8,268,412
Upstart Holdings, Inc.
†
1.00%
11/15/2030 4,000,000
4,400,760
Total
26,870,912
Electric 4.67%
Duke Energy Corp.
4.125%
4/15/2026 6,415,000
6,845,354
NRG Energy, Inc.
2.75%
6/1/2048 2,505,000
6,208,355
PPL Capital Funding, Inc.
2.875%
3/15/2028 5,170,000
5,639,510
Southern Co.
†
4.50%
6/15/2027 8,315,000
9,019,518
Total
27,712,737
Electronics 1.36%
Itron, Inc.
Zero Coupon
3/15/2026 7,400,000
8,048,968
Engineering & Construction 1.53%
Granite Construction, Inc.
†
3.25%
6/15/2030 6,330,000
9,095,153
Entertainment 1.12%
Live Nation Entertainment, Inc.
3.125%
1/15/2029 4,625,000
6,614,444
Health Care-Products 4.00%
Insulet Corp.
0.375%
9/1/2026 6,165,000
7,884,525
NuVasive, Inc.
0.375%
3/15/2025 16,055,000
15,856,721
Total
23,741,246
Internet 20.46%
Alibaba Group Holding Ltd. (China)
†(a)
0.50%
6/1/2031 3,400,000
3,685,830
Booking Holdings, Inc.
0.75%
5/1/2025 1,280,000
3,540,061
MakeMyTrip Ltd. (India)
(a)
Zero Coupon
2/15/2028
990,000
2,964,465
Match Group Financeco 2, Inc.
†
0.875%
6/15/2026 21,450,000
20,087,925
Okta, Inc.
0.125%
9/1/2025 12,130,000
11,717,580
Palo Alto Networks, Inc.
0.375%
6/1/2025 1,102,000
4,302,077
Q2 Holdings, Inc.
0.75%
6/1/2026 4,900,000
6,239,660
Sea Ltd. (Singapore)
(a)
2.375%
12/1/2025 5,000,000
6,675,121
Shopify, Inc. (Canada)
(a)
0.125%
11/1/2025 18,828,000
19,454,125
Spotify USA, Inc.
Zero Coupon
3/15/2026 6,495,000
7,091,241
Trip.com Group Ltd. (China)
†(a)
0.75%
6/15/2029 5,000,000
5,905,020
Uber Technologies, Inc.
Zero Coupon
12/15/2025 7,766,000
8,315,347
Wayfair, Inc.
1.00%
8/15/2026 4,275,000
3,962,284
Wayfair, Inc.
3.25%
9/15/2027 3,100,000
3,403,080
S
c
h
e
d
u
l
e
o
f
I
n
v
e
s
t
m
e
n
t
s
(
c
o
n
t
i
n
u
e
d
)
CONVERTIBLE FUND
N
o
v
e
m
b
e
r
3
0
,
2
0
2
4
Interest Maturity Principal
Fair
Investments
Rate
Date Amount
‡
Value
S
e
e
N
o
t
e
s
t
o
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
.
3
Internet (continued)
Wix.com Ltd. (Israel)
(a)
Zero Coupon
8/15/2025 $10,000,000
$ 9,675,000
Zillow Group, Inc.
2.75%
5/15/2025 3,345,000
4,328,430
Total
121,347,246
Leisure Time 2.14%
Carnival Corp.
5.75%
12/1/2027 1,210,000
2,484,607
NCL Corp. Ltd.
1.125%
2/15/2027 5,500,000
5,830,962
Royal Caribbean Cruises Ltd.
6.00%
8/15/2025
885,000
4,341,886
Total
12,657,455
Machinery: Construction & Mining 0.83%
Siemens Energy Finance BV
5.625%
9/14/2025
EUR
1,400,000
4,890,350
Miscellaneous Manufacturing 1.55%
Axon Enterprise, Inc.
0.50%
12/15/2027 $3,250,000
9,216,361
REITS 4.41%
COPT Defense Properties LP
†
5.25%
9/15/2028 5,482,000
6,634,783
Digital Realty Trust LP
†
1.875%
11/15/2029 7,000,000
7,532,901
Welltower OP LLC
†
3.125%
7/15/2029 9,900,000
11,958,374
Total
26,126,058
Retail 1.00%
Freshpet, Inc.
3.00%
4/1/2028 2,600,000
5,943,735
Semiconductors 1.03%
Nova Ltd. (Israel)
(a)
Zero Coupon
10/15/2025
875,000
2,016,328
ON Semiconductor Corp.
0.50%
3/1/2029 4,136,000
4,098,455
Total
6,114,783
Software 21.87%
Bill Holdings, Inc.
Zero Coupon
4/1/2027 27,320,000
24,144,050
Box, Inc.
†
1.50%
9/15/2029 6,600,000
6,791,400
Datadog, Inc.
0.125%
6/15/2025 4,500,000
7,483,584
Five9, Inc.
0.50%
6/1/2025 7,894,000
7,683,230
Guidewire Software, Inc.
†
1.25%
11/1/2029 10,825,000
11,467,241
MicroStrategy, Inc.
†
Zero Coupon
12/1/2029 24,000,000
22,814,656
MicroStrategy, Inc.
†
0.625%
9/15/2028 2,190,000
5,089,366
Pegasystems, Inc.
0.75%
3/1/2025 3,000,000
2,978,307
RingCentral, Inc.
Zero Coupon
3/15/2026 22,900,000
21,205,400
Snowflake, Inc.
†
Zero Coupon
10/1/2027 5,080,000
6,522,437
S
c
h
e
d
u
l
e
o
f
I
n
v
e
s
t
m
e
n
t
s
(
c
o
n
t
i
n
u
e
d
)
CONVERTIBLE FUND
N
o
v
e
m
b
e
r
3
0
,
2
0
2
4
Interest Maturity Principal
Fair
Investments
Rate
Date Amount
‡
Value