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
or
the
six-month
period
ended
May
31,
2024
109370_01_Lord Abbett_FM_SAR.qxp_01 7/23/24 6:36 PM Page FC1
T
able
of
Contents
Schedules
of
Investments
(Item
7):
1
Convertible
Fund
7
Cor
e Fixed
Income
Fund
28
Cor
e Plus
Bond
Fund
59
Floating
Rate
Fund
92
High
Yield
Fund
126
Income
Fund
15
1
Inflation
Focused
Fund
18
1
Short
Dur
ation
Cor
e Bond
Fund
209
Short
Dur
ation
Income
Fund
262
Total
Return
Fund
288
Ultr
a Short
Bond
Fund
310
Statements
of
Assets
and
Liabilities
(Item
7)
320
Statements
of
Operations
(Item
7)
326
Statements
of
Changes
in
Net
Assets
(Item
7)
334
Financial
Highlights
(Item
7)
380
Notes
to
Financial
Statements
(Item
7)
430
Changes
in
and
Disagreements
with
Accountants
(Item
8)
430
Proxy
Disclosures
(Item
9)
430
Remuneration
Paid
to
Trustees
, Officers,
and
Others
(Item
10)
430
Statement
Regarding
Basis
for
Approval
of
Investment
Advisory
Contract
(Item
11)
109370_01_Lord Abbett_FM_SAR.qxp_01 7/23/24 6:36 PM Page IFC3
See
Notes
to
Financial
Statements.
1
Schedule
of
Inv
estments
(unaudited)
CONVERTIBLE
FUND
May 31, 20 24
Fair
Investments
Shar
es
Value
LONG-TERM
INVESTMENTS
98.03%
COMMON
ST OCKS
0.00%
Pharmaceuticals
0.00%
Canopy
Gr owth
Corp.
(Canada)*
(
a)
(cost
$3)
–
(b)
$
2
Inter
est
Maturity
Principal
Rate
Date
Amoun
t
‡
CONVERTIBLE
BONDS
90.06%
Aer ospace/Defense
1.60%
Rheinmetall
AG
2.25%
2/7/2030
EUR
1,500,000
2,9 11,558
Safr an SA
Zer o Coupon
4/1/20
28
EUR 2,677,100
6,527,957
Total
9,439,5
15
Biotechnology
4.24%
BioMarin
Pharmaceutical,
Inc.
0.599%
8/1/20
24 $20,734,000
20,557,76
1
Insmed,
Inc.
0.75%
6/1/20
28 2,522,000
4,494,204
Total
25,05
1,965
Commer
cial
Services
4.39%
Eur onet
Worldwide,
Inc.
0.75%
3/15/2049
22,695,000
22,093,582
Stride,
Inc.
1.125%
9/1/20
27 2,725,000
3,824,538
Total
25,9 18,120
Computers
6.06%
CyberArk
Softwar
e Ltd.
(Isr ael)
(a)
Zer o Coupon
11/15/20
24 3,748,000
5,522,678
Seagate
HDD
Cayman
(Cayman
Islands)
†(a)
3.50%
6/1/20
28 8,969,000
11,34 1,30 1
Super
Micr
o Computer
, Inc.
†
Zer o Coupon
3/1/20
29 6,548,000
6,400,67
0
Western
Digital
Corp.
†
3.00%
11/15/20
28 7,906,000
12,527,057
Total
35,79
1,7 06
Diversified
Financial
Services
1.30%
Coinbase
Global,
Inc.
0.50%
6/1/20
26 7,435,000
7,680,355
Electric
3.98%
CenterP
oint
Ener
gy , Inc.
†
4.25%
8/15/20
26 7,085,000
7,1 02,7 12
Duke
Ener
gy Corp.
4.125%
4/15/20
26 7,065,000
7,135,650
NRG
Ener
gy , Inc.
2.75%
6/1/2048
2,690,000
5,363,0
78
PPL Capital
Funding,
Inc.
2.875%
3/15/20
28 3,950,000
3,866,063
Total
23,467,503
109370_02_Lord Abbett_SOI_1_SAR.qxp_02 7/23/24 6:43 PM Page 1