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Name

As of 10/13/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Lord Abbett Credit Opportunities Fund

LARAX | Fund

$8.76

$1.42 B

9.60%

$0.84

5.39%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$1.42 B

Holdings in Top 10

22.9%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 5.39%

SALES FEES

Front Load 2.50%

Deferred Load 1.50%

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 10/13/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Lord Abbett Credit Opportunities Fund

LARAX | Fund

$8.76

$1.42 B

9.60%

$0.84

5.39%

LARAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.54%
DIVIDENDS
  • Dividend Yield 9.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett Credit Opportunities Fund
  • Fund Family Name
    LORDABBETT
  • Inception Date
    Oct 02, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Lapin

Fund Description

LARAX - Performance

Return Ranking - Trailing

Period LARAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -14.7% 8.8% 4.14%
1 Yr N/A -13.0% 23.7% 5.21%
3 Yr N/A* -17.8% 18.0% 10.18%
5 Yr N/A* -13.6% 14.9% N/A
10 Yr N/A* -13.6% 6.5% N/A

* Annualized

Return Ranking - Calendar

Period LARAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -12.0% 15.7% 74.62%
2022 N/A -31.8% 18.4% 85.27%
2021 N/A -26.6% 25.7% 6.48%
2020 N/A -49.2% 18.7% 27.11%
2019 N/A -35.1% 15.3% N/A

Total Return Ranking - Trailing

Period LARAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -14.7% 8.8% 4.14%
1 Yr N/A -13.0% 23.7% 5.21%
3 Yr N/A* -17.8% 18.0% 10.18%
5 Yr N/A* -13.6% 14.9% N/A
10 Yr N/A* -13.6% 6.5% N/A

* Annualized

Total Return Ranking - Calendar

Period LARAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -7.0% 22.2% 18.50%
2022 N/A -31.8% 21.1% 52.82%
2021 N/A -13.5% 49.9% 2.11%
2020 N/A -28.6% 24.1% 4.23%
2019 N/A -4.8% 19.1% N/A

NAV & Total Return History

LARAX - Holdings

Concentration Analysis

LARAX Category Low Category High LARAX % Rank
Net Assets 1.42 B 2.53 M 143 B 36.70%
Number of Holdings 153 4 9868 75.65%
Net Assets in Top 10 325 M -1.57 B 65.8 B 39.27%
Weighting of Top 10 22.86% 0.7% 171.7% 61.46%

Top 10 Holdings

  1. BCPE Ulysses Intermediate Inc 2.65%
  2. Triumph Group Inc 2.61%
  3. Global Aircraft Leasing Co Ltd 2.53%
  4. Earthstone Energy Holdings LLC 2.40%
  5. Berry Petroleum Co LLC 2.24%
  6. Madison IAQ LLC 2.17%
  7. VistaJet Malta Finance PLC / Vista Management Holding Inc 2.17%
  8. Silk Bidco AS EUR Term Loan B 2.07%
  9. BCP V Modular Services Finance PLC 2.02%
  10. Benteler International AG 2.00%

Asset Allocation

Weighting Return Low Return High LARAX % Rank
Bonds 		72.64% -150.81% 196.48% 73.67%
Other 		16.58% -62.91% 100.00% 14.31%
Cash 		10.68% -94.66% 258.91% 17.05%
Convertible Bonds 		7.02% 0.00% 33.50% 8.44%
Preferred Stocks 		0.08% 0.00% 30.46% 33.79%
Stocks 		0.01% -4.18% 99.88% 71.54%

Stock Sector Breakdown

Weighting Return Low Return High LARAX % Rank
Utilities 		0.00% 0.00% 100.00% 75.41%
Technology 		0.00% 0.00% 28.30% 71.43%
Real Estate 		0.00% 0.00% 100.00% 74.24%
Industrials 		0.00% 0.00% 100.00% 79.39%
Healthcare 		0.00% 0.00% 18.60% 73.54%
Financial Services 		0.00% 0.00% 100.00% 83.37%
Energy 		0.00% 0.00% 100.00% 87.35%
Communication Services 		0.00% 0.00% 100.00% 82.44%
Consumer Defense 		0.00% 0.00% 99.97% 74.47%
Consumer Cyclical 		0.00% 0.00% 89.95% 0.70%
Basic Materials 		0.00% 0.00% 100.00% 74.24%

Stock Geographic Breakdown

Weighting Return Low Return High LARAX % Rank
US 		0.01% -4.11% 99.88% 68.65%
Non US 		0.00% -0.07% 17.73% 66.82%

Bond Sector Breakdown

Weighting Return Low Return High LARAX % Rank
Corporate 		75.58% 0.00% 96.66% 6.75%
Securitized 		22.82% 0.00% 99.65% 37.83%
Cash & Equivalents 		10.37% 0.00% 74.29% 15.88%
Municipal 		0.00% 0.00% 54.26% 73.31%
Government 		0.00% 0.00% 99.43% 93.88%
Derivative 		-0.06% -62.91% 37.37% 65.04%

Bond Geographic Breakdown

Weighting Return Low Return High LARAX % Rank
US 		67.92% -151.11% 196.48% 64.84%
Non US 		4.73% 0.00% 67.77% 40.79%

LARAX - Expenses

Operational Fees

LARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.39% 0.01% 20.67% 1.21%
Management Fee 1.25% 0.00% 2.29% 92.60%
12b-1 Fee 0.75% 0.00% 1.00% 75.14%
Administrative Fee 0.04% 0.00% 0.70% 7.48%

Sales Fees

LARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 0.00% 5.75% 88.33%
Deferred Load 1.50% 1.00% 5.00% 2.35%

Trading Fees

LARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 43.75%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 17.86%

LARAX - Distributions

Dividend Yield Analysis

LARAX Category Low Category High LARAX % Rank
Dividend Yield 9.60% 0.00% 23.30% 1.96%

Dividend Distribution Analysis

LARAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

LARAX Category Low Category High LARAX % Rank
Net Income Ratio 6.54% -1.55% 11.51% 5.41%

Capital Gain Distribution Analysis

LARAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

LARAX - Fund Manager Analysis

Managers

Jeffrey Lapin

Start Date

Tenure

Tenure Rank

Feb 21, 2019

3.27

3.3%

Mr. Lapin joined Lord Abbett in 2012 as a portfolio manager for Lord Abbett’s taxable fixed-income strategies, and was named Partner in 2016. He began his career in the financial services industry in 1997. Previously, he was Managing Director and Head of European Market Credit Coverage at Post Advisory Group. His prior experience also includes serving as Partner, Co-Portfolio Manager at Tablerock Fund Management, LLC; Analyst at Avenue Capital Management, LLC; and Research Analyst at M.J. Whitman, Inc. He earned an AB from Georgetown University, an MBA from New York University’s Leonard N. Stern School of Business, and a JD from Northwestern University’s School of Law.

Kewjin Yuoh

Start Date

Tenure

Tenure Rank

Feb 21, 2019

3.27

3.3%

Mr. Yuoh is a portfolio manager for the taxable fixed income strategies. Mr. Yuoh joined Lord Abbett in 2010, and was named Partner in 2012. His prior experience includes: Senior Vice President – Director of Fundamental Research and Senior Portfolio Manager at Alliance Bernstein, LLP; Vice President – Senior Portfolio Manager at Credit Suisse Asset Management; and Mortgage-Backed Securities Portfolio Manager at Sanford C. Bernstein & Co., Inc. Mr. Yuoh received a BS from Cornell University and has been in the investment business since 1994.

Eric Kang

Start Date

Tenure

Tenure Rank

May 31, 2021

1.0

1.0%

Adam Castle

Start Date

Tenure

Tenure Rank

May 31, 2021

1.0

1.0%

Mr. Castle joined Lord Abbett in 2015. Mr. Castle was formerly Vice President at Credit Suisse from 2013 to 2015 and Assistant Vice President at AllianceBernstein from 2008 to 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.72 3.19

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