SUMMARY PROSPECTUS
Lord Abbett Investment Grade Floating Rate Fund
DECEMBER 1, 2024
CLASS/TICKER
CLASS A ............
LGRAX
CLASS I...........
LGRFX
CLASS R5 .......
IGRSX
CLASS C............
IGRCX
CLASS R2 .......
N/A
CLASS R6 .......
LGRUX
CLASS F ............
LGRFX
CLASS R3 .......
N/A
CLASS F3 ..........
IGRNX
CLASS R4 .......
N/A
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 December 1, 2024 as may
be supplemented from time to time, are incorporated by reference into this summary prospectus.
SUMMARY – Investment Grade Floating Rate 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 82 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, 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
Management Fees
0.25%
0.25%
0.25%
0.25%
0.25%
Distribution and Service (12b-1) Fees
0.20%
1.00%
(4)
0.10%
None
None
Other Expenses
1.05%
1.05%
1.05%
1.04%
1.05%
Total Annual Fund Operating Expenses
1.50%
2.30%
(5)
1.40%
(5)
1.29%
(5)
1.30%
(5)
Fee Waiver and/or Expense Reimbursement
(6)
(0.95)%
(0.95)%
(1.05)%
(7)
(0.95)%
(0.95)%
Total Annual Fund Operating Expenses After Fee Waiver
and/or Expense Reimbursement
(6)
0.55%
1.35%
0.35%
0.34%
(5)
0.35%