DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 6.29
Category Multicurrency
Net Assets 39.03 Mil
Yield 2.23%
Morningstar Risk Low
Morningstar Return Low
  • Last NAV update 8/29/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks high total return. To pursue its objective, under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in instruments that provide investment exposure to the currencies of, and in fixed income instruments denominated in the currencies of, emerging markets at the time of purchase. Emerging markets include countries in Asia, Africa, the Middle East, Latin America, and Europe. It also may invest up to 15% of its total assets in high yield debt securities. The fund is non-diversified.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 5.80% -5.87% 10.69% -3.21% 2.25%
Value ($) 10,580.05 9,958.85 11,023.61 10,669.50 10,909.12
  • Year to date performance as of 8/29/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Lord Abbett
Fund Manager Leah Traub
Tenure (Years) 5
Fund Status Open
Minimum Initial Purchase 1,000.00
Minimum IRA Investment 1,000.00
Front Load 2.25
Expense Ratio 0.99%
PERFORMANCE
Symbol Value ($)
1 Month -1.02%
3 Months -1.09%
1 Year 6.05%
3 Years* -0.10%
5 Years* 2.46%
  • * Annualized returns
  • Performance as of 8/29/2014 12:00 AM ET
PEER COMPARISON
  LDMAX Multicurrency
5-Yr Return 2.46% 1.18%
Sharpe Ratio 0.03 -0.11
Net Assets 39.03 Mil 155.23 Mil
Avg Market Cap NA NA
Avg P/E NA NA
Portfolio Turnover 105 118
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 13.83%
Fixed Income 82.57%
Other 3.60%
TOP 10 HOLDINGS
NAME % NET ASSETS
Us Bk Natl Assn FRN 0.98%
Western Un FRN 0.97%
Citigroup FRN 0.84%
Qvc 144A 7.375% 0.83%
Plains Expl& Prodtn 7.625% 0.79%
Host Hotels & Resorts 6% 0.73%
Fidelity Natl Info Svcs 7.875% 0.71%
Crosstex Engy L P / 7.125% 0.71%
Wachovia Cmbs 2005-C21 CMO 0.69%
Midcontinent Express Pipe 144A 5.45% 0.68%
DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

Financial data in US dollars | Page generated 10:10 AM ET
1-YEAR CHART Full-page chart
RECENT QUOTES
WATCHLIST
You're not signed in
You’re not signed in to MSN Money, so you’re seeing the Watchlist that is tied to your computer. For a more consistent Watchlist experience, sign in to MSN Money. Learn more
SYMBOL
LAST
CHANGE
SHARES
Quotes delayed at least 15 min
Sponsored by:
MARKET UPDATE
[BRIEFING.COM] The stock market pretty much followed form with the S&P futures market and opened slightly higher. Thus far, however, there hasn't been any real follow through as traders are playing things close to the vest in front of the ISM Index a ... More
Sponsored by: