LDMAX

About LDMAX

Lord Abbett Emerging Markets Bond Fund Class A is a mutual fund dedicated to providing current income and long-term capital growth by investing primarily in debt securities issued by entities in emerging markets. The fund seeks to capture opportunities in developing economies by allocating at least 80% of its net assets, plus any investment borrowings, to emerging markets debt, including government and high-yield bonds. This approach allows exposure to a diverse range of countries such as Indonesia, Saudi Arabia, Mexico, Brazil, and Turkey, reflecting both sovereign and quasi-sovereign issuers. A distinguishing feature of this fund is its diversified portfolio, with holdings in over 230 individual debt instruments, resulting in a measured average duration and maturity profile that balances yield potential against interest-rate risk. The fund's income is distributed monthly, appealing to those seeking regular cash flows, and its yield is influenced by the relatively higher interest rates typical of emerging economies. With a moderate expense ratio and a long track record since its 1988 inception, this fund plays a significant role in the fixed income market by providing access to regions with growth prospects and risk characteristics distinct from developed markets.