LORD ABBETT
INVESTMENT TRUST
Lord Abbett
Core Fixed Income
Fund
Lord Abbett Core Plus Bond Fund
Lord Abbett Inflation Focused Fund
Lord Abbett Short Duration Core Bond Fund
Lord Abbett Total Return Fund
Lord Abbett Ultra Short Bond Fund
LORD ABBETT
SERIES FUND
Total Return
Portfolio
(each, a “Fund” and collectively, the “Funds”)
Supplement dated
May
1
3
, 2025
to
all current Summary Prospectuses, Prospectuses and Statement
s
of Additional Information
for the Funds
Kewjin Yuoh
has announced his plans to retire on or about September 30, 2025.
Mr. Yuoh will continue
to serve on the portfolio management team of the Fund until his retirement.
Effective September 30, 2025, all references to Kewjin Yuoh will be removed from the Summa
ry
Prospectus, Prospectus, and the Statement of Additional Information.
Capitalized terms used in this Supplement shall, unless otherwise defined herein, have the same meaning
as given in the Prospectuses and/or
Statements of
Additional Information
.
Please retain this document for your future reference.
SUMMARY PROSPECTUS
Lord Abbett Core Fixed Income Fund
APRIL 1, 2025
CLASS/TICKER
CLASS A ............
LCRAX
CLASS I...........
LCRYX
CLASS R4 .......
LCRSX
CLASS C............
LCRCX
CLASS P .........
N/A
CLASS R5 .......
LCRTX
CLASS F ............
LCRFX
CLASS R2 .......
LCRQX
CLASS R6 .......
LCRVX
CLASS F3 ..........
LCROX
CLASS R3 .......
LCRRX
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 April 1, 2025 as may be
supplemented from time to time, are incorporated by reference into this summary prospectus.
SUMMARY – CORE FIXED INCOME FUND
2
INVESTMENT OBJECTIVE
The Fund’s investment objective is to seek income and capital appreciation to
produce a high total return.
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 291 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, P, 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
P
Management Fees
0.21%
0.21%
0.21%
0.21%
0.21%
0.21%
Distribution and Service (12b-1) Fees
0.20%
0.83%
(4)
0.10%
None
None
0.45%
Other Expenses
0.15%
0.15%
0.15%
0.09%
0.15%
0.15%
Total Annual Fund Operating Expenses
0.56%
1.19%
0.46%
0.30%
0.36%
0.81%
Fee Waiver and/or Expense Reimbursement
None
None
None
None
(0.04)%
(5)
None
Total Annual Fund Operating Expenses After Fee Waiver
and/or Expense Reimbursement
0.56%
1.19%
0.46%
0.30%
0.32%
0.81%
SUMMARY – CORE FIXED INCOME FUND
3
Annual Fund Operating Expenses
(continued)
(Expenses that you pay each year as a percentage of the value of your investment)
Class
R2
R3
R4
R5
R6
Management Fees
0.21%
0.21%
0.21%
0.21%
0.21%
Distribution and Service (12b-1) Fees
0.60%
0.50%
0.25%
None
None
Other Expenses
0.15%
0.15%
0.15%
0.15%
0.09%
Total Annual Fund Operating Expenses
0.96%
0.86%
0.61%
0.36%
0.30%
Fee Waiver and/or Expense Reimbursement
None
None
None
None
None
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement
0.96%
0.86%
0.61%
0.36%
0.30%
(1)
A shareholder transacting in share classes without a front-end sales charge may be required to pay a commission to its
financial intermediary. Please contact your financial intermediary for more information about whether such a commission
may apply to your transaction.
(2)
A contingent deferred sales charge (“CDSC”) of 1.00% may be assessed on certain Class A shares purchased or
acquired without a sales charge if they are redeemed before the first day of the month in which the one-year anniversary
of the purchase falls.
(3)
A CDSC of 1.00% may be assessed on Class C shares if they are redeemed before the first anniversary of their
purchase.
(4)
The 12b-1 fee the Fund will pay on Class C shares will be a blended rate calculated based on (i) 1.00% of the Fund’s
average daily net assets attributable to shares held for less than one year and (ii) 0.80% of the Fund’s average daily net
assets attributable to shares held for one year or more. All Class C shareholders of the Fund will bear 12b-1 fees at the
same rate.
(5)
For the period from April 1, 2025 through March 31, 2026, Lord, Abbett & Co. LLC (“Lord Abbett”) has contractually
agreed to waive the Fund’s Class I shareholder servicing expenses at the annual rate of 0.04% of the Fund’s average
daily net assets. This agreement may be terminated only by the Fund’s Board of Trustees.
Example
This Example is intended to help you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The Example assumes that you invest
$10,000 in the Fund for the time periods indicated and then redeem all of your shares
at the end of those periods. The Example also assumes that your investment has a
5% return each year and that the Fund’s operating expenses remain the same, giving
effect to the fee waiver and expense reimbursement arrangement described above.
Class C shares automatically convert to Class A shares after eight years. The
expense example for Class C shares for the ten-year period reflects the conversion to
Class A shares. Although your actual costs may be higher or lower, based on these
assumptions your costs would be:
SUMMARY – CORE FIXED INCOME FUND
4
Class
If Shares Are Redeemed
If Shares Are Not Redeemed
1 Year
3 Years
5 Years
10 Years
1 Year
3 Years
5 Years
10 Years
Class A Shares
$
281
$
400
$
531
$
911
$
281
$
400
$
531
$
911
Class C Shares
$
221
$
378
$
654
$
1,268
$
121
$
378
$
654
$
1,268
Class F Shares
$
47
$
148
$
258
$
579
$
47
$
148
$
258
$
579
Class F3 Shares
$
31
$
97
$
169
$
381
$
31
$
97
$
169
$
381
Class I Shares
$
33
$
112
$
198
$
452
$
33
$
112
$
198
$
452
Class P Shares
$
83
$
259
$
450
$
1,002
$
83
$
259
$
450
$
1,002
Class R2 Shares
$
98
$
306
$
531
$
1,178
$
98
$
306
$
531
$
1,178
Class R3 Shares
$
88
$
274
$
477
$
1,061
$
88
$
274
$
477
$
1,061
Class R4 Shares
$
62
$
195
$
340
$
762
$
62
$
195
$
340
$
762
Class R5 Shares
$
37
$
116
$
202
$
456
$
37
$
116
$
202
$
456
Class R6 Shares
$
31
$
97
$
169
$
381
$
31
$
97
$
169
$
381
Portfolio Turnover.
The Fund pays transaction costs, such as commissions, when it
buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover
rate may indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not reflected in the
annual fund operating expenses or in the example, affect the Fund’s performance.
During the most recent fiscal year, the Fund’s portfolio turnover rate was 449% of
the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
Under normal conditions, the Fund pursues its investment objective by investing at
least 80% of its net assets, plus the amount of any borrowings for investment
purposes, in fixed income securities of various types. Such investments include:
•
securities issued or guaranteed by the U.S. Government, its agencies and
instrumentalities;
•
investment grade debt securities of U.S. issuers;
•
investment grade debt securities of non-U.S. issuers that are denominated in
U.S. dollars;
•
mortgage-backed, mortgage-related, and other asset-backed securities;
•
inflation-linked investments;
•
loans, including bridge loans, novations, assignments, and participations;
•
structured securities and other hybrid instruments, including collateralized loan
obligations (“CLOs”); and
•
derivative instruments, including options, futures contracts, forward contracts,
and swap agreements.
SUMMARY – CORE FIXED INCOME FUND
5
The Fund may invest up to 10% of its net assets in floating or adjustable rate loans.
The Fund may invest in Treasury Inflation Protected Securities (“TIPS”), which are
U.S. Government bonds whose principal automatically is adjusted for inflation as
measured by the Consumer Price Index for All Urban Consumers (“CPI-U”), and
other inflation-indexed securities issued by the U.S. Department of Treasury.
The Fund will not invest more than 25% of its total assets in any industry; however,
this limitation does not apply to mortgage-backed securities, privately issued
mortgage-related securities, or securities issued by the U.S. Government, its agencies
and instrumentalities.
The Fund seeks to manage interest rate risk through its management of the average
duration of the securities it holds in its portfolio. Under normal conditions, the Fund
will maintain its average duration range within two years of the bond market’s
duration as measured by the Bloomberg U.S. Aggregate Bond Index (which was
approximately 6.10 years as of February 28, 2025). The duration of a security takes
into account the pattern of all expected payments of interest and principal on the
security over time, including how these payments are affected by changes in interest
rates.
The Fund may use derivatives to hedge against risk or to gain investment exposure.
Currently, the Fund expects to invest in derivatives consisting principally of futures,
forwards, options, and swaps. The Fund may use derivatives to seek to enhance
returns, to attempt to hedge some of its investment risk, to manage portfolio
duration, as a substitute for holding the underlying asset on which the derivative
instrument is based, or for cash management purposes. For example, the Fund may
invest in or sell short U.S. Treasury futures, securities index futures, other futures,
and/or currency forwards to adjust the Fund’s exposure to the direction of interest
rates, or for other portfolio management reasons.
The portfolio management team buys and sells securities using a relative value-
oriented investment process. The portfolio management team combines top-down
and bottom-up analysis to construct its portfolio, using a blend of quantitative and
fundamental research. As part of its top-down analysis, the portfolio management
team evaluates global economic conditions, including monetary, fiscal, and
regulatory policy, as well as the political and geopolitical environment, in order to
identify and assess opportunities and risks across different segments of the fixed
income market. The portfolio management team employs bottom-up analysis to
identify and select securities for investment by the Fund based on in-depth company,
industry, and market research and analysis. The portfolio management team applies
proprietary filters to this analysis to determine security selection, sector exposure,
and term structure. The portfolio management team may actively rotate sector
exposure based on its assessment of relative value. The investment team may also
consider the risks and return potential presented by environmental, social, and
governance (“ESG”) factors in investment decisions. The Fund engages in active and
frequent trading of its portfolio securities.
SUMMARY – CORE FIXED INCOME FUND
6
The Fund may sell a security when the Fund believes the security is less likely to
benefit from the current market and economic environment, or shows signs of
deteriorating fundamentals, among other reasons. The Fund may deviate from the
investment strategy described above for temporary defensive purposes. The Fund
may miss certain investment opportunities if defensive strategies are used and thus
may not achieve its investment objective.
PRINCIPAL RISKS
As with any investment in a mutual fund, investing in the Fund involves risk,
including the risk that you may receive little or no return on your investment. When
you redeem your shares, they may be worth more or less than what you paid for
them, which means that you may lose a portion or all of the money you invested in
the Fund. The principal risks of investing in the Fund, which could adversely affect
its performance, include:
•
Portfolio Management Risk:
If the strategies used and investments selected by
the Fund’s portfolio management team fail to produce the intended result, the
Fund may suffer losses or underperform other funds with the same investment
objective or strategies, even in a favorable market.
•
Market Risk:
The market values of securities will fluctuate, sometimes sharply
and unpredictably, based on overall economic conditions, governmental actions
or intervention, market disruptions caused by trade disputes, tariffs or other
factors, political developments, and other factors. Prices of equity securities tend
to rise and fall more dramatically than those of debt securities.
•
Fixed Income Securities Risk:
The Fund is subject to the general risks and
considerations associated with investing in debt securities, including the risk
that issuers will fail to make timely payments of principal or interest or default
altogether. Lower-rated securities in which the Fund may invest may be more
volatile and may decline more in price in response to negative issuer
developments or general economic news due to their increased credit risk
relative to other fixed-income investments. In addition, as interest rates rise, the
Fund’s investments typically will lose value.
•
Credit Risk:
Debt securities are subject to the risk that the issuer or guarantor
of a security may not make interest and principal payments as they become due
or may default altogether. In addition, if the market perceives a deterioration in
the creditworthiness of an issuer, the value and liquidity of securities issued by
that issuer may decline. To the extent that the Fund holds below investment
grade securities, these risks may be heightened. Insured debt securities have the
credit risk of the insurer in addition to the credit risk of the underlying
investment being insured.
•
Interest Rate Risk:
As interest rates rise, prices of bonds (including tax-exempt
bonds) generally fall, typically causing the Fund’s investments to lose value.
Additionally, rising interest rates or lack of market participants may lead to
SUMMARY – CORE FIXED INCOME FUND
7
decreased liquidity in fixed income markets. Interest rate changes generally
have a more pronounced effect on the market value of fixed-rate instruments,
such as corporate bonds, than they have on floating rate instruments, and
typically have a greater effect on the price of fixed income securities with longer
durations. A wide variety of market factors can cause interest rates to rise,
including central bank monetary policy, rising inflation, and changes in general
economic conditions.
•
Liquidity/Redemption Risk:
The Fund may lose money when selling securities
at inopportune times to fulfill shareholder redemption requests. The risk of loss
may increase depending on the size and frequency of redemption requests,
whether the redemption requests occur in times of overall market turmoil or
declining prices, and whether the securities the Fund intends to sell have
decreased in value or are illiquid. The Fund may be less able to sell illiquid
securities at its desired time or price. It may be more difficult for the Fund to
value its investments in illiquid securities than more liquid securities.
•
Government Securities Risk:
The Fund invests in securities issued or
guaranteed by the U.S. Government or its agencies and instrumentalities (such
as the Government National Mortgage Association (“Ginnie Mae”), the Federal
National Mortgage Association (“Fannie Mae”), or the Federal Home Loan
Mortgage Corporation (“Freddie Mac”)). Different types of U.S. government
securities are subject to different levels of credit risk, including the risk of
default, depending on the nature of the particular government support for that
security. Unlike Ginnie Mae securities, securities issued or guaranteed by U.S.
Government-related organizations, such as Fannie Mae and Freddie Mac, are
not backed by the full faith and credit of the U.S. Government and no assurance
can be given that the U.S. Government would provide financial support.
•
Mortgage-Related and Other Asset-Backed Securities Risk:
Mortgage-
related securities, including commercial mortgage-backed securities (“CMBS”)
and other privately issued mortgage-related securities, and other asset-backed
securities may be particularly sensitive to changes in prevailing interest rates
and economic conditions, including delinquencies and defaults. The prices of
mortgage-related and other asset-backed securities, depending on their structure
and the rate of payments, can be volatile. They are subject to prepayment risk
(higher than expected prepayment rates of mortgage obligations due to a fall in
market interest rates) and extension risk (lower than expected prepayment rates
of mortgage obligations due to a rise in market interest rates). These risks
increase the Fund’s overall interest rate risk. Some mortgage-related securities
receive government or private support, but there is no assurance that such
support will remain in place.
•
Inflation-Linked Investments Risk:
Unlike traditional fixed income securities,
the principal and interest payments of inflation-linked investments are adjusted
periodically based on the inflation rate. The value of the Fund’s inflation-linked
investments may be vulnerable to changes in expectations of inflation or interest
SUMMARY – CORE FIXED INCOME FUND
8
rates and there is no guarantee that the Fund’s use of these instruments will be
successful.
•
Foreign and Emerging Market Company Risk:
Investments in foreign
companies and in U.S. companies with economic ties to foreign markets
generally involve special risks. These companies may be more vulnerable to
economic, political, and social instability and subject to less government
supervision, lack of transparency, inadequate regulatory and accounting
standards, and foreign taxes. Foreign company securities also include American
Depositary Receipts (“ADRs”), which may be less liquid than the underlying
shares in their primary trading market. Foreign securities also may subject the
Fund’s investments to changes in currency exchange rates. Emerging market
securities generally are more volatile than other foreign securities, and are
subject to greater liquidity, regulatory, and political risks. Investments in
emerging markets may be considered speculative and generally are riskier than
investments in more developed markets. Emerging markets are more likely to
experience hyperinflation and currency devaluations. Securities of emerging
market companies may have far lower trading volumes and less liquidity than
securities of issuers in developed markets. In certain emerging market countries,
governments participate to a significant degree in their respective economies.
Action by these governments could have a significant adverse effect on market
prices of securities and payment of dividends. Companies with economic ties to
emerging markets may be susceptible to the same risks as companies organized
in emerging markets.
•
Loan Risk:
Investments in floating or adjustable rate loans are subject to
increased credit and liquidity risks. Loan prices also may be adversely affected
by supply-demand imbalances caused by conditions in the loan market or
related markets. Below investment grade loans, like high-yield debt securities,
or junk bonds, usually are more credit sensitive than interest rate sensitive,
although the value of these instruments may be affected by interest rate swings
in the overall fixed income market. Loans may be subject to structural
subordination and may be subordinated to other obligations of the borrower or
its subsidiaries.
•
Collateralized Loan Obligations and Other Collateralized Obligations Risk:
An investment in a CLO can be viewed as investing in (or through) another
investment adviser and is subject to the layering of fees associated with such an
investment. The risks of investing in a CLO generally can be summarized as a
combination of economic risks of the underlying loans combined with the risks
associated with the CLO structure governing the priority of payments, and
include interest rate risk, credit risk, liquidity risk, prepayment risk, and the risk
of default of the underlying asset, among others.
•
Derivatives Risk:
The risks associated with derivatives may be different from
and greater than the risks associated with directly investing in securities and
other investments. Derivatives may increase the Fund’s volatility and reduce its
SUMMARY – CORE FIXED INCOME FUND
9
returns. Derivatives may not perform as expected and the Fund may not realize
the intended benefits. Whether the Fund’s use of derivatives is successful may
depend on, among other things, the portfolio managers’ ability to correctly
forecast market movements, company and industry valuation levels and trends,
changes in foreign exchange and interest rates, and other factors. If the portfolio
managers incorrectly forecast these and other factors, the Fund’s performance
could suffer. In addition, given their complexity, derivatives are subject to the
risk that improper or misunderstood documentation may expose the Fund to
losses.
•
High Portfolio Turnover Risk:
High portfolio turnover may result in increased
transaction costs, reduced investment performance, and higher taxes resulting
from increased realized capital gains, including short-term capital gains taxable
as ordinary income when distributed to shareholders.
An investment in the Fund is not a deposit of any bank and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other government
agency. For more information on the principal risks of the Fund, please see the
“More Information About the Funds – Principal Risks” section in the prospectus.
PERFORMANCE
The bar chart and table below provide some indication of the risks of investing in the
Fund by illustrating the variability of the Fund’s returns. Each assumes reinvestment
of dividends and distributions. The Fund’s past performance, before and after taxes,
is not necessarily an indication of how the Fund will perform in the future. No
performance is shown for Class P shares because the Fund has no Class P shares
outstanding.
The bar chart shows changes in the performance of the Fund’s Class A shares from
calendar year to calendar year. This chart does not reflect the sales charge applicable
to Class A shares. If the sales charge were reflected, returns would be lower.
Performance for the Fund’s other share classes will vary due to the different
expenses each class bears. Updated performance information is available at
www.lordabbett.com or by calling 888-522-2388.
SUMMARY – CORE FIXED INCOME FUND
10
Bar Chart (per calendar year) - Class A Shares
-
0
.
5
4
%
+
2
.
7
1
%
+
3
.
2
5
%
-
0
.
4
3
%
+
7
.
8
3
%
+
7
.
9
2
%
-
0
.
8
9
%
-
1
3
.
6
5
%
+
5
.
6
1
%
+
2
.
0
0
%
1
5
1
6
1
7
1
8
1
9
2
0
2
1
2
2
2
3
2
4
Best
Quarter
4th
Q
2023
+6.53%
Worst
Quarter
1st
Q
2022
-5.84%
The table below shows how the Fund’s average annual total returns compare to the
returns of a securities market index with investment characteristics similar to those
of the Fund. The Fund’s average annual total returns include applicable sales
charges.
The after-tax returns of Class A shares included in the table below are calculated
using the historical highest individual federal marginal income tax rates and do not
reflect the impact of state and local taxes. In some cases, the return after taxes on
distributions and sale of Fund shares may exceed the return before taxes due to a tax
benefit resulting from realized losses on a sale of Fund shares at the end of the
period that is used to offset other gains. Actual after-tax returns depend on an
investor’s tax situation and may differ from those shown. The after-tax returns
shown are not relevant to investors who hold their Fund shares through tax-
advantaged arrangements such as 401(k) plans or Individual Retirement Accounts
(“IRAs”). After-tax returns for other share classes are not shown in the table and will
vary from those shown for Class A shares.
SUMMARY – CORE FIXED INCOME FUND
11
Average Annual Total Returns
(for the periods ended December 31, 2024)
Class
1 Year
5 Years
10 Years
Life of Class
Inception
Date for
Performance
Class A Shares
Before Taxes
-0.34%
-0.54%
0.97%
-
After Taxes on Distributions
-2.14%
-2.00%
-0.31%
-
After Taxes on Distributions and Sale of Fund Shares
-0.21%
-0.98%
0.21%
-
Class C Shares
(1)
0.27%
-0.74%
0.57%
-
Class F Shares
1.99%
–
1.29%
-
Class F3 Shares
2.28%
0.17%
-
1.41%
4/4/2017
Class I Shares
2.14%
0.14%
1.42%
-
Class R2 Shares
1.49%
-0.50%
0.80%
-
Class R3 Shares
1.70%
-0.40%
0.90%
-
Class R4 Shares
1.84%
-0.15%
-
1.24%
6/30/2015
Class R5 Shares
2.10%
0.10%
-
1.51%
6/30/2015
Class R6 Shares
2.16%
0.16%
-
1.58%
6/30/2015
Index
Bloomberg U.S. Aggregate Bond Index
1.43%
6/30/2015
(reflects no deduction for fees, expenses, or taxes)
1.25%
-0.33%
1.35%
1.19%
4/4/2017
(1)
Class C shares convert to Class A shares eight years after purchase. Class C share performance does not reflect the
impact of such conversion to Class A shares.
MANAGEMENT
Investment Adviser.
The Fund’s investment adviser is Lord Abbett.
SUMMARY – CORE FIXED INCOME FUND
12
Portfolio Managers
Portfolio Managers/Title
Member of
the Portfolio
Management
Team Since
Robert A. Lee, Partner and Co-Head of Taxable Fixed Income
1998
Kewjin Yuoh, Partner and Portfolio Manager
2010
Andrew H. O’Brien, Partner and Portfolio Manager
1998
Leah G. Traub, Partner and Portfolio Manager
2021
Adam C. Castle, Partner and Portfolio Manager
2021
Harris A. Trifon, Partner and Portfolio Manager
2021
Karen J. Gunnerson, Senior Managing Director and Portfolio
Manager
2024
Yoana N. Koleva, Partner and Portfolio Manager
2025
PURCHASE AND SALE OF FUND SHARES
The minimum initial and additional amounts shown below vary depending on the
class of shares you buy and the type of account. Certain financial intermediaries may
impose different restrictions than those described below. For Class I shares, the
minimum investment shown below applies to certain types of institutional investors,
but does not apply to registered investment advisers or retirement and benefit plans
otherwise eligible to invest in Class I shares. Class P shares are closed to
substantially all new investors. See “Choosing a Share Class – Investment
Minimums” in the prospectus for more information.
Investment Minimums — Initial/Additional Investments
Class
A
(1)
and C
F, F3, P, R2, R3, R4, R5, and R6
I
General and IRAs without Invest-A-
Matic Investments
Initial: $1,500
Additional: No minimum
N/A
Initial: $1 million
Additional: No minimum
Invest-A-Matic Accounts
(2)
Initial: $250
Additional: $50
N/A
N/A
IRAs, SIMPLE and SEP Accounts
with Payroll Deductions
No minimum
N/A
N/A
Fee-Based Advisory Programs and
Retirement and Benefit Plans
No minimum
No minimum
No minimum
(1)
There is no investment minimum for Class A shares purchased by investors maintaining an account with a financial
intermediary that has entered into an agreement with Lord Abbett Distributor LLC (“Lord Abbett Distributor”) to offer Class
A shares through a load-waived network or platform, which may or may not charge transaction fees.
(2)
There is no minimum initial investment for Invest-A-Matic accounts held directly with the Fund, including IRAs.
SUMMARY – CORE FIXED INCOME FUND
13
You may sell (redeem) shares through your securities broker, financial professional
or financial intermediary on any business day the Fund calculates its net asset value
(“NAV”). If you have direct account access privileges, you may redeem your shares
by contacting the Fund in writing at Lord Abbett Funds Service Center, P.O. Box
534489, Pittsburgh, PA 15253-4489 (regular mail) or Attention: 534489, 500 Ross
Street 154-0520, Pittsburgh, PA 15262 (overnight mail), by calling 888-522-2388 or
by accessing your account online at www.lordabbett.com.
TAX INFORMATION
The Fund’s distributions, if any, generally are taxable to you as ordinary income,
capital gains or a combination of the two, unless you are a tax-exempt investor or
investing through a tax-advantaged arrangement, such as a 401(k) plan or an IRA.
Any withdrawals from such a tax-advantaged arrangement may be taxable to you.
PAYMENTS TO BROKER-DEALERS AND OTHER FINANCIAL
INTERMEDIARIES
If you purchase Fund shares through a broker-dealer or other financial intermediary
(such as a bank), the Fund and the Fund’s distributor or its affiliates may pay the
intermediary for the sale of Fund shares and related services. These payments may
create a conflict of interest by influencing the broker-dealer or other financial
intermediary and your individual financial professional to recommend the Fund over
another investment. Ask your individual financial professional or visit your financial
intermediary’s website for more information.
NOTES: