Lord Abbett Short Duration High Yield Fund - Class A USD
IE000ECPJMU8
Lord Abbett Short Duration High Yield Fund - Class A USD/ IE000ECPJMU8 /
NAV2024-06-06 |
Chg.+0.0100 |
Type of yield |
Investment Focus |
Investment company |
11.1100USD |
+0.09% |
reinvestment |
Bonds
Worldwide
|
Lord Abbett (IE) ▶ |
Investment strategy
The investment objective is to seek a high current income and the opportunity for capital appreciation to produce a high total return.
The Fund invests primarily in various types of short duration debt (or fixed income) securities issued by U.S. and non-U.S. issuers. Under normal conditions, the Fund pursues its investment objective by investing at least 80% of its net assets in High Yield Debt Securities. The debt securities held may be fixed or floating rate government, supranational, quasi-sovereign or corporate debt. These debt instruments include bonds, debentures, promissory, commercial paper, corporate debt securities, securities that are convertible into common stock or have warrants to purchase common stock. The Fund may invest up to 20% of its net assets in non-U.S. securities (including emerging market securities). The Fund considers non-U.S. debt securities as debt securities of non-U.S. issuers denominated in a currency other than US dollar. The exposure of the Fund to emerging markets will not exceed 5% of the Net Asset Value of the Fund. The Fund may invest up to 10% of its net assets in Underlying Collective Investment Schemes, subject to the requirements of the Central Bank of Ireland and applicable law.
Investment goal
The investment objective is to seek a high current income and the opportunity for capital appreciation to produce a high total return.
Master data
Type of yield: |
reinvestment |
Funds Category: |
Bonds |
Region: |
Worldwide |
Branch: |
Bonds: Mixed |
Benchmark: |
- |
Business year start: |
02-01 |
Last Distribution: |
- |
Depository bank: |
Brown Brothers Harriman Trustee Services (Ireland) Limited |
Fund domicile: |
Ireland |
Distribution permission: |
Switzerland |
Fund manager: |
Christopher Gizzo, Karen J. Gunnerson |
Fund volume: |
87.17 mill.
USD
|
Launch date: |
2023-05-16 |
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: |
- |
Investment company
Funds company: |
Lord Abbett (IE) |
Address: |
90 Hudson Street, 07302, Jersey City |
Country: |
United States of America |
Internet: |
www.lordabbett.com
|