Lord Abbett Short Duration Income Fund - Class A USD/  IE00BFNWXY26  /

Fonds
NAV7/16/2024 Chg.0.0000 Type of yield Investment Focus Investment company
11.5800USD 0.00% reinvestment Bonds Worldwide Lord Abbett (IE) 

Investment strategy

The Fund's investment objective is to seek a high level of income consistent with preservation of capital. The Fund primarily invests in short term debt securities. At least 65% of its assets are held in investment grade debt securities, including corporate debt of U.S. issuers and U.S. Dollar denominated securities of non-U.S. issuers, mortgage-backed, other asset backed securities, securities issued or guaranteed by the U. S. government (including its agencies and government-sponsored enterprises) and inflation-linked investments. The Fund invests substantially in residential and commercial mortgage-backed and mortgage-related securities. In addition, the Fund's investments in high yield ("High Yield") securities (which are below investment grade and also referred to as "junk bonds") and lower rated commercial mortgage-backed securities comprise a significant portion of the Fund's portfolio. The Fund may invest up to 35% of its assets in any one or a combination of the following: High Yield securities, non-U.S. (including emerging market) debt securities that are denominated in non-U.S. currencies, convertible securities, and collateralised debt obligations. The Fund expects to maintain its average duration range between one and three years in order to seek to manage interest rate risk in the portfolio. The Fund may invest up to 10% of its assets in third party floating or adjustable rate senior loans. Total assets in any one industry, other than mortgage related securities or those issued by the U.S. government, its agencies or instrumentalities, will not exceed 25% of assets. The Fund employs a relative value-oriented investment process that emphasizes securities believed to be undervalued. The Fund may invest in financial derivative instruments ("FDIs") to seek to enhance returns, to attempt to hedge some of its investment risk, to manage portfolio duration, or as a substitute for holding the underlying reference asset on which the FDI is based. Any income less expenses realised will only be distributed to investors in distributing classes and will be accumulated in the net asset value per share for accumulation classes. The Fund is actively managed. It uses the ICE BofA 1-3 Year U.S. Corporate Index HKD for performance comparison purposes. Investors can redeem shares each day (except Saturdays, Sundays, and normal bank holidays) on which banks in Dublin and New York are open for regular business. For full investment objective and policy details, please refer to the "Investment Objective" and "Investment Policies" sections of the Fund's supplement to the Prospectus of the Company (the "Prospectus"). Unless otherwise expressly defined herein, defined terms have the same meaning assigned in the Prospectus. This share class is a distributing share class and the Directors intend to declare a dividend.
 

Investment goal

The Fund's investment objective is to seek a high level of income consistent with preservation of capital. The Fund primarily invests in short term debt securities. At least 65% of its assets are held in investment grade debt securities, including corporate debt of U.S. issuers and U.S. Dollar denominated securities of non-U.S. issuers, mortgage-backed, other asset backed securities, securities issued or guaranteed by the U. S. government (including its agencies and government-sponsored enterprises) and inflation-linked investments. The Fund invests substantially in residential and commercial mortgage-backed and mortgage-related securities. In addition, the Fund's investments in high yield ("High Yield") securities (which are below investment grade and also referred to as "junk bonds") and lower rated commercial mortgage-backed securities comprise a significant portion of the Fund's portfolio. The Fund may invest up to 35% of its assets in any one or a combination of the following: High Yield securities, non-U.S. (including emerging market) debt securities that are denominated in non-U.S. currencies, convertible securities, and collateralised debt obligations. The Fund expects to maintain its average duration range between one and three years in order to seek to manage interest rate risk in the portfolio. The Fund may invest up to 10% of its assets in third party floating or adjustable rate senior loans. Total assets in any one industry, other than mortgage related securities or those issued by the U.S. government, its agencies or instrumentalities, will not exceed 25% of assets. The Fund employs a relative value-oriented investment process that emphasizes securities believed to be undervalued.
 

Master data

Type of yield: reinvestment
Funds Category: Bonds
Region: Worldwide
Branch: Bonds: Mixed
Benchmark: ICE BofA 1-3 Year U.S. Corporate Index EUR
Business year start: 2/1
Last Distribution: -
Depository bank: Brown Brothers Harriman Trustee Serv.
Fund domicile: Ireland
Distribution permission: Austria, Germany, Switzerland
Fund manager: Adam C. Castle, Harris Trifon, Robert A. Lee, Andrew H. O'Brien, Kewjin Yuoh, Steven F. Rocco
Fund volume: 5.12 bill.  USD
Launch date: 2/18/2014
Investment focus: -

Conditions

Issue surcharge: 5.00%
Max. Administration Fee: 1.00%
Minimum investment: 2,500.00 USD
Deposit fees: 0.03%
Redemption charge: 0.00%
Key Investor Information: Download (Print version)
 

Investment company

Funds company: Lord Abbett (IE)
Address: 90 Hudson Street, 07302, Jersey City
Country: United States of America
Internet: www.lordabbett.com
 

Assets

Bonds
 
99.60%
Cash
 
0.40%

Countries

Global
 
99.60%
Cash
 
0.40%