Investment & TradingMutual Funds

Mutual Fund Fact Book to Download

Mutual Fund Fact Book to Download

IMPORTANT INFORMATION

Maximum offering price (MOP): MOP returns with sales charges reflect applicable fees and expenses and include all distributions reinvested. MOP is the price of a share or value of an investment that reflects sales charges that have been assessed.

Net asset value (NAV): Returns shown at net asset value have all distributions reinvested. If a sales charge had been deducted, the results would have been lower. NAV is the fund’s assets minus its liabilities. NAV is one indicator of the fund’s worth.

Returns shown at less than a year reflect aggregate total returns.

Instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

Class A shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one-year anniversary of the purchase falls. The CDSC is not reflected in the performance shown.

There is no up-front commission on purchases of the Lord Abbett Ultra Short Bond Fund, but a contin- gent deferred sales charge (CDSC) will be charged on shares exchanged from a Lord Abbett–sponsored fund that are subject to a CDSC and that are subsequently redeemed.

Morningstar Category: the Morningstar Category identifies funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio statistics and compositions over the past three years). If the fund is new and has no portfolio, Morningstar estimates where it will fall before assigning a more permanent category. When necessary, Morningstar may change a category assignment based on current information.

A NOTE ABOUT RISK These factors can affect fund performance.

U.S. equity: The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies and/or sectors in the economy. Investments in multinational companies generally pose greater risks than those of domestic companies, including market, liquidity, currency, and political risks.

Select funds invest primarily in small cap growth company stocks, which tend to be more volatile and can be less liquid than other types of stocks. Small cap companies may also have more limited product lines, markets, or financial resources and typically experience a higher risk of failure than large cap companies.

Small and mid-cap companies may have more limited product lines, markets, or financial resources and typically experience a higher risk of failure than large cap companies. Additional Risk – Securities of dividend- paying companies may become less available for purchase, limiting a Fund’s ability to produce current income and increasing the volatility of a Fund’s returns.

A company’s dividend payments may vary over time, and there is no guarantee that a company will pay a dividend at all.

International: Investing in international securities generally poses greater risk than investing in domestic securities, including greater price fluctuations and higher transaction costs. Special risks are inherent to international investing, including those related to currency fluctuations and foreign, political, and economic events. These risks can be greater in the case of emerging country securities.

Multi-asset class: Each Fund invests in underlying funds that may engage in a variety of investment strategies involving certain risks; these funds of funds may be subject to those particular risks of the underlying funds in proportion to which each Fund invests in them. Performance may be lower than the performance of the asset class that they were selected to represent.

Fixed income: The value of an investment in fixed-income securities will change as interest rates fluctuate and in response to market movements. As interest rates fall, the prices of debt securities tend to rise. As rates rise, prices tend to fall. High-yield securities, sometimes called junk bonds, carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal.

Convertible securities have both equity and fixed-income risk characteristics. Like all fixed-income securities, the value of convertible securities is susceptible to the risk of market losses attributable to changes in interest rates. Generally, the market value of convertible securities tends to decline as interest rates increase and, conversely, to increase as interest rates decline.

Tax-free income: There is a risk that a bond issued as tax-exempt may be reclassified by the IRS as taxable, creating taxable rather than tax-exempt income. In addition, bonds are subject to other types of risks, such as call, credit, liquidity, interest rate, and general market risks.

The Lord Abbett AMT Free Municipal Bond Fund does not invest in any AMT-triggering private-activity bonds. Although the Fund seeks income that is federally tax-free, a portion of the Fund’s distribution may be subject to federal, state, and local taxes. For all other Lord Abbett tax-free funds (tax-free funds) a portion of the income derived from the Tax Free Fund’s portfolio may be subject to the alternative minimum tax and any capital gains realized may be subject to taxation. In addition, federal, state, and local taxes may apply.

For fund risks, please refer to each fund’s fact sheet in this brochure.

This document is prepared based on the information Lord Abbett deems reliable; however, Lord Abbett does not warrant the accuracy and completeness of the information. Investors should consult with a financial advisor prior to making an investment decision.

EXPENSE RATIO DETAILS

Alpha Strategy Fund: The net expense ratio takes into account a voluntary fee waiver that
Lord Abbett may discontinue at any time. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such waivers, performance would have been lower.

Diversified Equity Strategy Fund: The net expense ratio takes into account a voluntary fee waiver that Lord Abbett may discontinue at any time. For periods when fees and expenses were waived and/ or reimbursed, the Fund benefited by not bearing such expenses. Without such waivers, performance would have been lower.

Growth Leaders Fund: The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 02/28/2018. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

Calibrated Dividend Growth Fund: The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 03/31/2018. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

Calibrated Large Cap Value Fund: The net expense ratio takes into account contractual fee waivers/ expense reimbursements that currently are scheduled to remain in place through 11/30/2018. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

Calibrated Mid Cap Value Fund: The net expense ratio takes into account contractual fee waivers/ expense reimbursements that currently are scheduled to remain in place through 11/30/2018. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

International Core Equity Fund: The net expense ratio takes into account contractual fee waivers/ expense reimbursements that currently are scheduled to remain in place through 02/28/2018. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

International Dividend Income Fund: The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 02/28/2018. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

Multi-Asset Balanced Opportunity Fund: Gross Expense Ratio includes Management fees, Distri-bution and Service (12b-1) fees, Acquired Fund Fees and Expenses, and Other Expenses.
Multi-Asset Global Opportunity Fund: The net expense ratio takes into account a contractual fee waiver that currently is scheduled to remain in place through 04/30/2018. For periods when fees were waived, the Fund benefited by not bearing such expenses. Without such waivers, performance would have been lower.

Multi-Asset Growth Fund: Gross Expense Ratio includes Management fees, Distribution and Service (12b-1) fees, Acquired Fund Fees and Expenses, and Other Expenses.

Multi-Asset Income Fund: The Fund has entered into a Servicing Arrangement with the Underlying Funds in which the Fund invests, pursuant to which each Underlying Fund will pay a portion of the Fund’s expenses (excluding management fees and distribution and service fees) in proportion to the average daily value of total Underlying Fund shares owned by the Fund. Gross Expense Ratio includes Management fees, Distribution and Service (12b-1) fees, Acquired Fund Fees and Expenses, and Other Expenses.

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