Lord Abbett Multi-Asset Income Fund Class C is a moderately conservative allocation mutual fund. Its primary objective is to generate a high level of current income while also providing the potential for capital appreciation. The fund operates as a fund-of-funds, investing principally in affiliated mutual funds managed by Lord Abbett, and diversifies across a mix of asset classes, including U.S. and foreign equities, fixed income securities, and emerging market instruments. This diversified approach aims to help mitigate risk while seeking steady income streams. The fund’s investment strategy emphasizes the preservation of capital and income generation, making it notable for investors seeking balance between yield and managed volatility. It distributes dividends on a monthly basis and is typically classified within the Moderately Conservative Allocation category, where equity exposure generally ranges between 30% and 50% of assets. Since its inception in 2005, the fund has become a significant player in the multi-asset space, offering exposure to various sectors and geographies through its underlying holdings. Key features include a relatively modest minimum investment, monthly income distributions, and active management focused on income generation from a broad set of underlying assets.
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