LORD ABBETT TRUST I
Lord Abbett
Climate Focused Bond
Fund (the “Fund”)
Supplement dated
February
7
,
2025
to the
Summary Prospectus, Prospectus, and Statement of Additional
Information of the Fund,
each dated
December
1, 20
2
4
, as supplemented
Liquidation of the Fund
On
February 4, 2025
, the Board of
Trustees
of Lord Abbett
Trust
I
approved a plan of liquidation (the
“Plan”) pursuant to which the Fund will be liquidated and dissolved
. It is currently anticipated that the
liquidation and dissolution of the Fund will be completed on or around
Spring
202
5
(
the “Liquidation
Date”
).
Any
Fund shares outstanding on the Liquidation Date will be automatically redeemed on the
Liquidation Date. The proceeds of any such redemption will be equal to the net asset value (“NAV”) of
such shares after dividend distributions required to eliminate any
Fund
-
level taxes are made
,
the
Fund’s
expenses and liabilities have been paid or otherwise provided for as directed by the Plan
,
and the
Fund has
distributed to its shareholders of record the remaining proceeds in one or more liquidating
distributions on
t
he Liquidation Date as set forth in the Plan
.
At any time before the Liquidation Date, shareholders may
:
▪
Exchange their
Fund
shares for the same class of shares of another
Lord Abbett
Fund, provided
that the exchange satisfies the investment minimum of the Fund selected;
▪
Redeem their Fund shares at the NAV of such shares pursuant to the procedures set forth under
“Purchases and Redemptions” in the prospectus
; or
▪
Do nothing and their
Fund
shares will be redeemed on or about
the Liquidation Date
. However,
shareholders in individual retirement accounts who do not take other action will automatically have
their shares exchanged for shares of
Lord Abbett
U
.
S
.
Government
& Government Spon
sored
Enterprises
Money Market Fund on or about
the Liquidation Date
.
In connection with the liquidation of the Fund, the Fund no longer will accept purchase orders or exchange
requests
as
of
February 7
, 2025
.
Capitalized terms used in this Supplement
shall, unless otherwise defined herein, have the same meaning as given in the Prospectus and/or SAIs.
Please retain this document for your future reference.
LORD ABBETT
TRUST I
Lord Abbett
Emerging Markets Equity
Fund
Supplement dated
February
7
, 202
5
to the
Summary Prospectus, Prospectus and Statement of Additional Information, each dated
December
1, 202
4
, as supplemented
Lord Abbett Emerging Markets Equity Fund (the “Fund”) is diversified under the Investment Company
Act of 1940, as amended. All references to the Fund’s non
-
diversified status
are
hereby removed
in
their
entirety.
The following
paragraph
replaces the
sixth
paragraph
in the section under “
Principal Investment
Strategies
” on page
5
of the summary prospectus and statutory prospectus:
The Fund is diversified under the Investment Company Act of 1940, as amended (the “1940 Act”).
The
eleventh
paragraph under “
Pr
incipal Risks
” on page 7 of the s
ummary prospectus and s
tatutory
prospectus
and first paragraph of the subsection “Emerging Markets Equity Fund” on page 36 of
the statutory prospectus
, each titled “Non
-
Diversification Risk,”
is removed
.
The following
parag
raph
replace
s
the
firs
t
paragraph
in the section titled “
Fund Information
” on
page
2
-
1 of the statement of additional information (“SAI”):
The Registrant is an open
-
end management investment company registered under the 1940 Act. Each Fund
is diversified
within the meaning of the 1940 Act. The table below sets forth information about the
Registrant’s organization.
Capitalized terms used in this Supplement shall, unless otherwise defined herein, have the same meaning
as given in the Prospectuses and/or
SAIs.
Please retain this document for your future reference.