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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$4.18

$113 M

5.26%

$0.22

0.95%

Vitals

YTD Return

1.8%

1 yr return

11.6%

3 Yr Avg Return

-1.3%

5 Yr Avg Return

0.8%

Net Assets

$113 M

Holdings in Top 10

13.7%

52 WEEK LOW AND HIGH

$4.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 56.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$4.18

$113 M

5.26%

$0.22

0.95%

LDMAX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.89%
DIVIDENDS
  • Dividend Yield 5.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett Emerging Markets Bond Fund
  • Fund Family Name
    LORDABBETT
  • Inception Date
    Apr 04, 2017
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Steven Rocco

Fund Description

To pursue its objective, under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in debt securities that are tied economically to emerging market countries and derivative instruments that are intended to provide economic exposure to such securities. For purposes of this policy, the Fund considers emerging market countries to include every nation in the world except the United States, Canada, Japan, Australia, New Zealand, and most countries located in Western Europe.

The Fund may invest in all types of debt securities and derivative instruments, including, among others, corporate debt securities, government securities (including sovereign and quasi-sovereign bonds), loans, convertible securities, mortgage-related and other asset-backed securities, inflation-linked investments, structured notes, hybrid or “indexed” securities, event-linked bonds, and derivatives based on the return of debt securities. The Fund may invest in derivatives, consisting principally of swaps, options, forwards, and futures, for hedging or non-hedging purposes as a substitute for investing directly in emerging market debt securities.

The Fund may invest without limit in securities denominated in non-U.S. currencies.

The Fund may invest in securities of any credit quality, maturity, or duration. The Fund may invest without limitation in high-yield debt securities (commonly referred to as “below investment grade” or “junk” bonds). High-yield debt securities are rated

BB/Ba or lower at the time of purchase by an independent rating agency, or are unrated but deemed by Lord, Abbett & Co. LLC (“Lord Abbett”) to be of comparable quality.

The Fund’s assets will be invested across different industries, sectors, countries, and regions. However, the Fund’s portfolio management team may invest a significant percentage of the Fund’s assets in issuers in a single industry, sector, country, or region.

The portfolio management team buys and sells securities using a relative value-oriented investment process and combines bottom-up and top-down analysis to construct its portfolio. In selecting securities, the portfolio management team may overweight or underweight individual issuers, industries, sectors, countries, or regions relative to the benchmark. In evaluating a particular country, the portfolio management team may evaluate the country’s internal political, market, and economic factors, such as public finances, monetary policy, financial markets, foreign investment regulations, exchange rate policy and labor conditions, among others. The investment team may also consider the risks and return potential presented by environmental, social, and governance (“ESG”) factors in investment decisions. The Fund may engage in active and frequent trading of its portfolio securities.

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.

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LDMAX - Performance

Return Ranking - Trailing

Period LDMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -2.8% 93.3% 35.20%
1 Yr 11.6% -3.8% 112.3% 46.38%
3 Yr -1.3%* -13.6% 21.2% 66.89%
5 Yr 0.8%* -8.7% 12.8% 55.84%
10 Yr 0.3%* -5.2% 6.6% 66.47%

* Annualized

Return Ranking - Calendar

Period LDMAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.8% -10.6% 17.8% 57.89%
2022 -19.8% -29.1% -2.4% 69.73%
2021 -6.8% -24.0% 2.7% 45.64%
2020 0.4% -14.0% 9.7% 56.12%
2019 10.2% -6.4% 13.0% 16.42%

Total Return Ranking - Trailing

Period LDMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -2.8% 93.3% 35.20%
1 Yr 11.6% -3.8% 112.3% 46.38%
3 Yr -1.3%* -13.6% 21.2% 66.89%
5 Yr 0.8%* -8.7% 12.8% 55.84%
10 Yr 0.3%* -5.2% 6.6% 66.47%

* Annualized

Total Return Ranking - Calendar

Period LDMAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.4% -0.6% 20.0% 70.72%
2022 -15.9% -27.6% -1.7% 71.43%
2021 -2.6% -18.5% 7.4% 41.11%
2020 5.4% -7.8% 18.0% 48.56%
2019 15.9% -3.0% 23.0% 12.04%

NAV & Total Return History


LDMAX - Holdings

Concentration Analysis

LDMAX Category Low Category High LDMAX % Rank
Net Assets 113 M 331 K 14.4 B 62.95%
Number of Holdings 197 4 1833 62.95%
Net Assets in Top 10 15.8 M -134 M 1.25 B 68.85%
Weighting of Top 10 13.75% 5.1% 101.4% 82.78%

Top 10 Holdings

  1. Indonesia Government International Bond 1.64%
  2. Saudi Government International Bond 1.54%
  3. Mexico Government International Bond 1.53%
  4. Brazilian Government International Bond 1.44%
  5. Peruvian Government International Bond 1.40%
  6. Turkiye Government International Bond 1.34%
  7. Hungary Government International Bond 1.26%
  8. Republic of South Africa Government International Bond 1.23%
  9. Colombia Government International Bond 1.18%
  10. KSA Sukuk Ltd 1.18%

Asset Allocation

Weighting Return Low Return High LDMAX % Rank
Bonds
97.64% 0.91% 99.54% 16.07%
Cash
1.61% 0.00% 21.93% 85.57%
Other
0.75% -9.56% 88.17% 20.00%
Convertible Bonds
0.12% 0.00% 8.47% 54.64%
Stocks
0.00% -0.01% 93.55% 77.05%
Preferred Stocks
0.00% 0.00% 1.28% 69.18%

Bond Sector Breakdown

Weighting Return Low Return High LDMAX % Rank
Government
78.43% 0.00% 99.79% 22.52%
Corporate
21.29% 0.00% 93.26% 39.07%
Cash & Equivalents
0.00% 0.00% 23.23% 92.46%
Securitized
0.00% 0.00% 2.41% 72.85%
Municipal
0.00% 0.00% 0.00% 67.88%
Derivative
-0.15% -2.00% 7.35% 78.36%

Bond Geographic Breakdown

Weighting Return Low Return High LDMAX % Rank
US
96.73% -42.31% 99.01% 12.79%
Non US
0.91% 0.00% 132.49% 84.26%

LDMAX - Expenses

Operational Fees

LDMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.02% 35.56% 69.74%
Management Fee 0.50% 0.00% 1.10% 16.07%
12b-1 Fee 0.20% 0.00% 1.00% 11.43%
Administrative Fee 0.04% 0.02% 0.65% 15.24%

Sales Fees

LDMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.75% 5.75% 92.16%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LDMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LDMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 0.00% 218.00% 56.98%

LDMAX - Distributions

Dividend Yield Analysis

LDMAX Category Low Category High LDMAX % Rank
Dividend Yield 5.26% 0.00% 22.11% 56.07%

Dividend Distribution Analysis

LDMAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

LDMAX Category Low Category High LDMAX % Rank
Net Income Ratio 3.89% -2.28% 8.00% 60.07%

Capital Gain Distribution Analysis

LDMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

LDMAX - Fund Manager Analysis

Managers

Steven Rocco


Start Date

Tenure

Tenure Rank

Aug 01, 2018

3.83

3.8%

Mr. Rocco is Partner and Director of Taxable Fixed Income of Lord Abbett. Mr. Rocco is a lead portfolio manager for the high yield fixed income strategy and also contributes as portfolio manager to the multi-sector fixed-income strategy. Mr. Rocco joined Lord Abbett in 2004 and was named Partner in 2011. Mr. Rocco joined Lord Abbett as an associate portfolio manager and then transitioned to lead portfolio manager for our short duration and corporate bond strategies. He was previously a Consultant at FactSet. Mr. Rocco received a BA from Cornell University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 2001.

Mila Skulkina


Start Date

Tenure

Tenure Rank

Jan 02, 2020

2.41

2.4%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.87 6.38 6.11