L
O
R
D
A
B
B
ETT
FINANCIAL
STATEMENTS
AND
OTHER
IMPORTANT
INFORMATION
Lord Abbett
Emerging Markets Bond Fund
Emerging Markets Corporate Debt Fund
For the six-month period ended June 30, 2024
109575_01_Lord Abbett_FM_SAR.qxp_01.qxp 8/22/24 5:24 PM Page FC1
T
able
of
Contents
Schedules
of
Investments:
1
Emerging Markets Bond Fund
(Item
7)
17
Emerging Markets Corporate Debt Fund
(Item
7)
30
Statements
of
Assets
and
Liabilities
(Item
7)
32
Statements
of
Operations
(Item
7)
33
Statements
of
Changes
in
Net
Assets
(Item
7)
36
Financial
Highlights
(Item
7)
44
Notes
to
Financial
Statements
(Item
7)
64
Changes
in
and
Disagreements
with
Accountants
(Item
8)
64
Proxy
Disclosures
(Item
9)
64
Remuneration
Paid
to
Directors
, Officers
, and
Others
(Item
10)
64
Statement
Regarding
Basis
for
Approval
of
Investment
Advisory
Contract
(Item
11)
109575_01_Lord Abbett_FM_SAR.qxp_01.qxp 8/22/24 5:24 PM Page FC3
See
Notes
to
Financial
Statements.
1
Schedule
of
Inv
estments
(unaudited)
EMERGING MARKETS BOND FUND
June
30,
2024
Interest
Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
LONG-TERM
INVESTMENTS
98.88%
CONVERTIBLE
BONDS
0.05%
China
Lodging
H World Group Ltd. (cost $55,560)
3.00%
5/1/2026
$
48,000
$
51,264
CORPORATE
BONDS
37.66%
Argentina
0.86%
Energy-Alternate
Sources
0.32%
YPF Energia Electrica SA
†
10.00%
7/25/2026
350,000
347,419
Oil & Gas 0.54%
Pan American Energy LLC
†
8.50%
4/30/2032
249,000
261,002
YPF SA
†
9.50%
1/17/2031
335,000
340,659
601,661
Total
Argentina
949,080
Bahrain
0.50%
Oil & Gas
Bapco Energies BSCC
7.625%
11/7/2024
550,000
552,074
Brazil
3.06%
Airlines
0.18%
Azul Secured Finance LLP
†
11.93%
8/28/2028
200,000
194,290
Building
Materials
0.21%
St. Mary’s Cement, Inc.
†
5.75%
4/2/2034
242,000
237,765
Diversified
Financial
Services
0.27%
XP, Inc.
†
6.75%
7/2/2029
300,000
298,125
Health
Care-Services
0.31%
Rede D’or Finance SARL
4.50%
1/22/2030
375,000
338,590
Iron-Steel
0.26%
Vale Overseas Ltd.
6.40%
6/28/2054
290,000
287,013
Media
0.48%
Globo Comunicacao e Participacoes SA
†
4.875%
1/22/2030
600,000
531,910
Mining
0.20%
Nexa Resources SA
†
6.75%
4/9/2034
213,000
216,580
109575_02_Lord Abbett_SOI_SAR.qxp_02 8/22/24 5:25 PM Page 1
2
See
Notes
to
Financial
Statements.
Brazil
(continued)
Oil & Gas 0.51%
Cosan Luxembourg SA
†
7.25%
6/27/2031
$
555,000
$
562,019
Transportation
0.17%
Rumo Luxembourg SARL
5.25%
1/10/2028
200,000
192,583
Water
0.47%
Aegea Finance SARL
†
9.00%
1/20/2031
500,000
520,364
Total
Brazil
3,379,239
Chile
2.13%
Banks
0.19%
Banco de Credito e Inversiones SA
†
8.75%
(5 yr. CMT + 4.94%)
#
–
(a)
200,000
209,645
Electric
0.34%
Alfa Desarrollo SpA
†
4.55%
9/27/2051
496,470
373,185
Forest
Products
& Paper
0.27%
Inversiones CMPC SA
†
6.125%
2/26/2034
300,000
306,031
Mining
1.33%
Antofagasta PLC
†
6.25%
5/2/2034
200,000
207,265
Corp. Nacional del Cobre de Chile
3.75%
1/15/2031
850,000
764,897
Corp. Nacional del Cobre de Chile
†
6.30%
9/8/2053
500,000
496,954
1,469,116
Total
Chile
2,357,977
China
1.51%
Diversified
Financial
Services
0.45%
BOC Aviation USA Corp.
†
5.25%
1/14/2030
500,000
498,020
Internet
0.71%
Meituan
3.05%
10/28/2030
400,000
344,881
Prosus NV
†
3.832%
2/8/2051
675,000
439,409
784,290
Investment
Companies
0.35%
Huarong Finance 2019 Co. Ltd.
4.50%
5/29/2029
430,000
390,122
Total
China
1,672,432
Colombia
1.83%
Banks
0.20%
Bancolombia SA
4.625%
(5 yr. CMT + 2.94%)
#
12/18/2029
225,000
217,491
Schedule
of
Inv
estments
(unaudited)(continued)
EMERGING MARKETS BOND FUND
June
30,
2024
Interest
Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
109575_02_Lord Abbett_SOI_SAR.qxp_02 8/22/24 5:25 PM Page 2
See
Notes
to
Financial
Statements.
3
Colombia
(continued)
Oil & Gas 1.12%
Ecopetrol SA
5.875%
11/2/2051
$
500,000
$
347,544
Ecopetrol SA
8.375%
1/19/2036
210,000
206,403
Ecopetrol SA
8.625%
1/19/2029
650,000
684,642
1,238,589
Pipelines
0.51%
AI Candelaria Spain SA
†
5.75%
6/15/2033
437,000
353,872
AI Candelaria Spain SA
†
7.50%
12/15/2028
216,200
212,522
566,394
Total
Colombia
2,022,474
Dominican
Republic
0.69%
Energy-Alternate
Sources
0.51%
Empresa Generadora de Electricidad Haina SA
†
5.625%
11/8/2028
610,000
564,860
Engineering
& Construction
0.18%
Aeropuertos Dominicanos Siglo XXI SA
†
(b)
7.00%
6/30/2034
200,000
202,740
Total
Dominican
Republic
767,600
Ghana
0.26%
Oil & Gas
Kosmos Energy Ltd.
†
7.75%
5/1/2027
290,000
283,761
Guatemala
0.50%
Beverages
Central American Bottling Corp./CBC
Bottling Holdco SL/Beliv Holdco SL
†
5.25%
4/27/2029
595,000
553,978
India
1.50%
Commercial
Services
0.36%
Adani Ports & Special Economic Zone Ltd.
†
3.10%
2/2/2031
500,000
399,254
Energy-Alternate
Sources
0.56%
Adani Green Energy UP Ltd./Prayatna
Developers Pvt Ltd./Parampujya Solar Energy
†
6.70%
3/12/2042
350,000
323,708
Greenko Solar Mauritius Ltd.
5.95%
7/29/2026
310,000
303,435
627,143
Engineering
& Construction
0.19%
IRB Infrastructure Developers Ltd.
†
7.11%
3/11/2032
208,000
208,000
Transportation
0.39%
Indian Railway Finance Corp. Ltd.
2.80%
2/10/2031
500,000
429,358
Total
India
1,663,755
$
5
$
5
2
5
3
4
3
8
5
1
2
5
4
1
Schedule
of
Inv
estments
(unaudited)(continued)
EMERGING MARKETS BOND FUND
June
30,
2024
Interest
Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
109575_02_Lord Abbett_SOI_SAR.qxp_02 8/22/24 5:25 PM Page 3
4
See
Notes
to
Financial
Statements.
Indonesia
3.15%
Coal
0.23%
Indika Energy Tbk. PT
†
8.75%
5/7/2029
$
250,000
$
249,811
Electric
1.09%
Minejesa Capital BV
5.625%
8/10/2037
630,000
570,057
Perusahaan Perseroan Persero
PT Perusahaan Listrik Negara
†
4.00%
6/30/2050
880,000
634,329
1,204,386
Mining
1.29%
Bukit Makmur Mandiri Utama PT
†
7.75%
2/10/2026
330,000
327,622
Freeport Indonesia PT
†
4.763%
4/14/2027
705,000
693,966
Indonesia Asahan Aluminium PT/Mineral
Industri Indonesia Persero PT
5.45%
5/15/2030
230,000
225,999
Indonesia Asahan Aluminium PT/Mineral
Industri Indonesia Persero PT
5.80%
5/15/2050
200,000
184,057
1,431,644
Oil & Gas 0.54%
Medco Maple Tree Pte. Ltd.
†
8.96%
4/27/2029
270,000
283,120
Pertamina Persero PT
†
5.625%
5/20/2043
330,000
318,613
601,733
Total
Indonesia
3,487,574
Kazakhstan
0.97%
Oil & Gas 0.42%
Tengizchevroil Finance Co. International Ltd.
†
3.25%
8/15/2030
560,000
463,053
Pipelines
0.55%
QazaqGaz NC JSC
†
4.375%
9/26/2027
650,000
610,598
Total
Kazakhstan
1,073,651
Kuwait
0.44%
Banks
NBK Tier 1 Financing 2 Ltd.
†
4.50%
(6 yr. CMT + 2.83%)
#
–
(a)
500,000
483,893
Macau
1.01%
Lodging
MGM China Holdings Ltd.
4.75%
2/1/2027
385,000
367,054
MGM China Holdings Ltd.
†
7.125%
6/26/2031
200,000
201,194
Wynn Macau Ltd.
†
5.625%
8/26/2028
580,000
544,327
Total
Macau
1,112,575
Schedule
of
Inv
estments
(unaudited)(continued)
EMERGING MARKETS BOND FUND
June
30,
2024
Interest
Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
109575_02_Lord Abbett_SOI_SAR.qxp_02 8/22/24 5:25 PM Page 4
See
Notes
to
Financial
Statements.
5
Malaysia
1.28%
Oil & Gas
Petronas Capital Ltd.
†
2.48%
1/28/2032
$
650,000
$
541,340
Petronas Capital Ltd.
†
3.404%
4/28/2061
1,300,000
870,674
Total
Malaysia
1,412,014
Mexico
4.34%
Banks
0.71%
Banco Nacional de Comercio Exterior SNC
2.72%
(5 yr. CMT + 2.00%)
#
8/11/2031
250,000
222,909
BBVA Bancomer SA
†
8.125%
(5 yr. CMT + 4.21%)
#
1/8/2039
550,000
557,336
780,245
Electric
0.83%
Comision Federal de Electricidad
3.875%
7/26/2033
800,000
640,189
Comision Federal de Electricidad
4.677%
2/9/2051
400,000
276,412
916,601
Oil & Gas 2.00%
Petroleos Mexicanos
6.70%
2/16/2032
784,000
656,917
Petroleos Mexicanos
6.75%
9/21/2047
880,000
579,408
Petroleos Mexicanos
6.84%
1/23/2030
1,110,000
977,850
2,214,175
REITS
0.80%
CIBANCO SA Institucion de Banca Multiple
Trust CIB/3332
†
4.375%
7/22/2031
735,000
588,402
Trust Fibra Uno
†
7.375%
2/13/2034
300,000
296,310
884,712
Total
Mexico
4,795,733
Morocco
0.24%
Chemicals
OCP SA
†
5.125%
6/23/2051
350,000
263,855
Oman
1.36%
Electric
1.06%
OmGrid Funding Ltd.
†
5.196%
5/16/2027
1,200,000
1,173,971
Oil & Gas 0.30%
EDO Sukuk Ltd.
†
5.875%
9/21/2033
325,000
329,595
Total
Oman
1,503,566
$
2
$
2
6
8
1
3
7
2
2
1
2
3
6
3
5
6
1
1
Schedule
of
Inv
estments
(unaudited)(continued)
EMERGING MARKETS BOND FUND
June
30,
2024
Interest
Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
109575_02_Lord Abbett_SOI_SAR.qxp_02 8/22/24 5:25 PM Page 5
6
See
Notes
to
Financial
Statements.
Panama
0.48%
Banks
Multibank, Inc.
7.75%
2/3/2028
$
530,000
$
531,065
Paraguay
0.26%
Banks
Banco Continental SAECA
†
2.75%
12/10/2025
300,000
285,302
Peru
1.27%
Banks
0.57%
Banco BBVA Peru SA
†
6.20%
(5 yr. CMT + 2.00%)
#
6/7/2034
415,000
415,351
Banco de Credito del Peru SA
†
5.85%
1/11/2029
215,000
217,760
633,111
Oil & Gas 0.70%
Hunt Oil Co. of Peru LLC Sucursal Del Peru
†
8.55%
9/18/2033
510,000
552,422
Pluspetrol Camisea SA/Pluspetrol Lote 56 SA
†
6.24%
7/3/2036
216,000
216,322
768,744
Total
Peru
1,401,855
Philippines
0.30%
Retail
Jollibee Worldwide Pte. Ltd.
3.90%
(5 yr. CMT + 4.78%)
#
–
(a)
342,000
336,015
Qatar
1.61%
Oil & Gas
QatarEnergy
†
2.25%
7/12/2031
1,500,000
1,254,652
QatarEnergy
†
3.30%
7/12/2051
750,000
526,208
Total
Qatar
1,780,860
Saudi
Arabia
0.67%
Investment
Companies
0.30%
Gaci First Investment Co.
4.875%
2/14/2035
350,000
331,087
Pipelines
0.37%
EIG Pearl Holdings SARL
†
3.545%
8/31/2036
478,000
410,941
Total
Saudi
Arabia
742,028
Singapore
0.51%
Banks
United Overseas Bank Ltd.
†
2.00%
(5 yr. CMT + 1.23%)
#
10/14/2031
608,000
562,186
Schedule
of
Inv
estments
(unaudited)(continued)
EMERGING MARKETS BOND FUND
June
30,
2024
Interest
Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
109575_02_Lord Abbett_SOI_SAR.qxp_02 8/22/24 5:25 PM Page 6
See
Notes
to
Financial
Statements.
7
South
Africa
0.89%
Electric
Eskom Holdings SOC Ltd.
6.35%
8/10/2028
$
300,000
$
291,329
Eskom Holdings SOC Ltd.
†
7.125%
2/11/2025
700,000
697,860
Total
South
Africa
989,189
Thailand
1.01%
Banks
0.50%
Bangkok Bank PCL
3.733%
(5 yr. CMT + 1.90%)
#
9/25/2034
625,000
554,225
Chemicals
0.51%
GC Treasury Center Co. Ltd.
†
2.98%
3/18/2031
665,000
564,475
Total
Thailand
1,118,700
Turkey
2.10%
Auto
Manufacturers
0.18%
Ford Otomotiv Sanayi AS
†
7.125%
4/25/2029
200,000
202,155
Banks
0.60%
Akbank TAS
†
9.369%
(5 yr. CMT + 5.27%)
#
–
(a)
330,000
327,901
Yapi ve Kredi Bankasi AS
†
9.25%
(5 yr. CMT + 5.28%)
#
1/17/2034
330,000
338,655
666,556
Building
Materials
0.28%
Sisecam U.K. PLC
†
8.625%
5/2/2032
300,000
305,660
Commercial
Services
0.51%
Limak Iskenderun Uluslararasi Liman
Isletmeciligi AS
9.50%
7/10/2036
603,868
558,143
Mining
0.53%
WE Soda Investments Holding PLC
†
9.375%
2/14/2031
576,000
588,053
Total
Turkey
2,320,567
Ukraine
0.26%
Agriculture
MHP Lux SA
6.95%
4/3/2026
350,000
291,910
United
Arab
Emirates
1.79%
Energy-Alternate
Sources
0.46%
Sweihan PV Power Co. PJSC
†
3.625%
1/31/2049
635,944
510,278
$
5
$
5
3
4
2
6
2
7
1
1
1
3
4
7
Schedule
of
Inv
estments
(unaudited)(continued)
EMERGING MARKETS BOND FUND
June
30,
2024
Interest
Maturity
Principal
Fair
Investments
Rate
Date
Amount
‡
Value
109575_02_Lord Abbett_SOI_SAR.qxp_02 8/22/24 5:25 PM Page 7