Citigroup LRD AB High Yield Co Trust II-M is a collective investment trust (CIT) designed to provide investors with diversified exposure to high yield fixed income securities. The trust is managed by Lord Abbett, a well-established asset management firm known for its expertise in credit and income strategies. Its primary objective is to generate attractive income and total return by investing predominantly in below-investment-grade corporate bonds, commonly referred to as high yield or “junk” bonds. These securities typically offer higher yields than investment-grade counterparts, compensating investors for increased credit risk. The trust caters to retirement plans and other institutional investors, positioning itself as a core holding for those seeking to enhance portfolio yield and diversify credit risk. It draws upon Lord Abbett’s credit research and active management to uncover opportunities across various industries and issuers within the high yield bond market. By pooling assets from multiple institutional clients, the trust enables broad diversification and potential economies of scale for investors, contributing to its significance in the fixed income segment of the financial markets.
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