STATEMENT OF ADDITIONAL INFORMATION

APRIL 1, 2022

LORD ABBETT INVESTMENT TRUST

                 

Lord Abbett Multi-Asset Balanced Opportunity Fund

  

Lord Abbett Core Fixed Income Fund

     

CLASS

TICKER

CLASS

TICKER

  

CLASS

TICKER

CLASS

TICKER

A

LABFX

R2

BLAQX

  

A

LCRAX

R2

LCRQX

C

BFLAX

R3

BLARX

  

C

LCRCX

R3

LCRRX

F

BLAFX

R4

BLASX

  

F

LCRFX

R4

LCRSX

F3

LOBFX

R5

BLATX

  

F3

LCROX

R5

LCRTX

I

LABYX

R6

BLAVX

  

I

LCRYX

R6

LCRVX

P

LABPX

      

P

N/A

    
                 
                 

Lord Abbett Multi-Asset Income Fund

  

Lord Abbett Core Plus Bond Fund

     

CLASS

TICKER

CLASS

TICKER

  

CLASS

TICKER

CLASS

TICKER

A

ISFAX

R2

LIGQX

  

A

LAPLX

R2

N/A

C

ISFCX

R3

LIXRX

  

C

LAPCX

R3

LAPQX

F

LIGFX

R4

LIXSX

  

F

LPLFX

R4

LAPUX

F3

ISFOX

R5

LIXTX

  

F3

LOPLX

R5

LAPVX

I

ISFYX

R6

LIXVX

  

I

LAPIX

R6

LAPWX

P

ISFPX

              
                 

Lord Abbett Convertible Fund

  

Lord Abbett Corporate Bond Fund

     

CLASS

TICKER

CLASS

TICKER

  

CLASS

TICKER

CLASS

TICKER

A

LACFX

R2

LBCQX

  

A

LBCAX

R2

LCBQX

C

LACCX

R3

LCFRX

  

C

LBCCX

R3

LRCBX

F

LBFFX

R4

LCFSX

  

F

LCCFX

R4

LBCSX

F3

LOCFX

R5

LCFTX

  

F3

LBCOX

R5

LBCUX

I

LCFYX

R6

LCFVX

  

I

LICIX

R6

LBCVX

P

LCFPX

              

                 
                 

Lord Abbett Floating Rate Fund

  

Lord Abbett Short Duration Core Bond Fund

     

CLASS

TICKER

CLASS

TICKER

  

CLASS

TICKER

CLASS

TICKER

A

LFRAX

R2

LFRRX

  

A

LDCAX

R2

N/A

C

LARCX

R3

LRRRX

  

C

LDCCX

R3

LDCRX

F

LFRFX

R4

LRRKX

  

F

LDCFX

R4

LSCSX

F3

LFROX

R5

LRRTX

  

F3

LSCOX

R5

LSCUX

I

LFRIX

R6

LRRVX

  

I

LSCIX

R6

LDCVX

                 
                   

Lord Abbett High Yield Fund

 

Lord Abbett Short Duration Income Fund

     

CLASS

TICKER

CLASS

TICKER

  

CLASS

TICKER

CLASS

TICKER

A

LHYAX

R2

LHYQX

  

A

LALDX

R2

LDLQX

C

LHYCX

R3

LHYRX

  

C

LDLAX

R3

LDLRX

F

LHYFX

R4

LHYSX

  

F

LDLFX

R4

LDLKX

F3

LHYOX

R5

LHYTX

  

F3

LOLDX

R5

LDLTX

I

LAHYX

R6

LHYVX

  

I

LLDYX

R6

LDLVX

P

LHYPX

      

P

N/A

    
         
                 

Lord Abbett Income Fund

  

Lord Abbett Total Return Fund

     

CLASS

TICKER

CLASS

TICKER

  

CLASS

TICKER

CLASS

TICKER

A

LAGVX

R2

LAUQX

  

A

LTRAX

R2

LTRQX

C

LAUSX

R3

LAURX

  

C

LTRCX

R3

LTRRX

F

LAUFX

R4

LAUKX

  

F

LTRFX

R4

LTRKX

F3

LOGVX

R5

LAUTX

  

F3

LTROX

R5

LTRTX

I

LAUYX

R6

LAUVX

  

I

LTRYX

R6

LTRHX

P

N/A

      

P

LTRPX

    
     

Lord Abbett Inflation Focused Fund

  

Lord Abbett Ultra Short Bond Fund

     

CLASS

TICKER

CLASS

TICKER

  

CLASS

TICKER

CLASS

TICKER

A

LIFAX

R2

LIFQX

  

A

LUBAX

I

LUBYX

C

LIFCX

R3

LIFRX

  

A1

LUSNX

R5

LUBVX

F

LIFFX

R4

LIFKX

  

F

LUBFX

R6

LUBWX

F3

LIFOX

R5

LIFTX

  

F3

LUBOX

    

I

LIFIX

R6

LIFVX

          
                 
             
                 
                 


This SAI is not a prospectus. A prospectus may be obtained from your financial intermediary or from the Distributor at 90 Hudson Street, Jersey City, NJ 07302-3973. This SAI is divided into two Parts - Part I and Part II. Part I contains information that is particular to the Funds offered in this SAI, and should be read in conjunction with the prospectus for Lord Abbett Investment Trust, dated April 1, 2022, as supplemented from time to time. Part I includes information about the Funds, including investment policies, management fees paid by the Funds, and information about other fees applicable to and services provided to the Funds. Part II contains additional information that more generally applies to the Lord Abbett Funds.

Each Fund’s audited financial statements are incorporated into this SAI  by reference to each Fund’s most recent annual report. The Funds’ annual and semiannual reports to shareholders are available without charge, upon request by calling 888-522-2388. In addition, you can make inquiries through your financial intermediary.

PART I

TABLE OF CONTENTS

PAGE

     

1.

GLOSSARY

1-1

2.

FUND INFORMATION

2-1

3.

INVESTMENT POLICIES

3-1

4.

FUND INVESTMENTS

4-1

5.

BOARD MEMBERS

5-1

6.

INVESTMENT ADVISORY AND OTHER SERVICES, FEES, AND EXPENSES

6-1

7.

PORTFOLIO MANAGER INFORMATION

7-1

8.

SECURITIES LENDING

8-1

9.

CONTROL PERSONS AND PRINCIPAL SHAREHOLDERS

9-1

10.

FINANCIAL STATEMENTS

10-1

1.
GLOSSARY

Lord Abbett Investment Trust is comprised of the following Funds:

Lord Abbett Multi-Asset Balanced Opportunity Fund: Multi-Asset Balanced Opportunity Fund

Lord Abbett Multi-Asset Income Fund: Multi-Asset Income Fund

Lord Abbett Convertible Fund: Convertible Fund

Lord Abbett Core Fixed Income Fund: Core Fixed Income Fund

Lord Abbett Core Plus Bond Fund: Core Plus Bond Fund

Lord Abbett Corporate Bond Fund: Corporate Bond Fund

Lord Abbett Floating Rate Fund: Floating Rate Fund

Lord Abbett High Yield Fund: High Yield Fund

Lord Abbett Income Fund: Income Fund

Lord Abbett Inflation Focused Fund: Inflation Focused Fund

Lord Abbett Short Duration Core Bond Fund: Short Duration Core Bond Fund

Lord Abbett Short Duration Income Fund: Short Duration Income Fund

Lord Abbett Total Return Fund: Total Return Fund

Lord Abbett Ultra Short Bond Fund: Ultra Short Bond Fund

Lord Abbett Funds are comprised of the following management investment companies:

Lord Abbett Affiliated Fund, Inc.: Affiliated Fund

Lord Abbett Bond Debenture Fund, Inc.: Bond Debenture Fund

Lord Abbett Credit Opportunities Fund: Credit Opportunities Fund

Lord Abbett Developing Growth Fund, Inc.: Developing Growth Fund

Lord Abbett Global Fund, Inc.: Global Fund

Lord Abbett Investment Trust: Investment Trust

Lord Abbett Mid Cap Stock Fund, Inc.: Mid Cap Stock Fund

Lord Abbett Municipal Income Fund, Inc.: Municipal Income Fund

Lord Abbett Research Fund, Inc.: Research Fund

Lord Abbett Securities Trust: Securities Trust

Lord Abbett Series Fund, Inc.: Series Fund

Lord Abbett Special Situations Income Fund: Special Situations Income Fund

Lord Abbett Trust I: Trust I

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.: Money Market Fund

Part I

1-1

   

1933 Act

Securities Act of 1933, as amended

1940 Act

Investment Company Act of 1940, as amended

Board

Board of Trustees

Board Member(s)

Trustee(s) of the Board

CDSC

Contingent deferred sales charge

CEA

Commodity Exchange Act, as amended

CPO

Commodity pool operator

Distributor

Lord Abbett Distributor LLC

Fund(s)

Each separate investment portfolio of a Registrant or, if a Registrant has only a single investment portfolio, the Registrant

Fund(s)-of-Funds

Multi-Asset Balanced Opportunity Fund and Multi-Asset Income Fund

Independent Board Member(s)

Trustee(s) of the Board who are not “interested persons” as defined in the 1940 Act, of each Fund

Interested Board Member(s)

Trustee(s) of the Board who are not Independent Board Members

Lord Abbett

Lord, Abbett & Co. LLC

Moody’s

Moody’s Investors Service, Inc.

NYSE

New York Stock Exchange

Registrant

Investment Trust

Rule 12b-1 Plan

Distribution and/or Shareholder Service Plan adopted under Rule

12b-1 (under the 1940 Act)

S&P

S&P Global Ratings

SAI

Statement of Additional Information

SEC

United States Securities and Exchange Commission

Underlying Funds

Affiliated mutual funds managed by Lord Abbett

   

Part I

1-2

2.
FUND INFORMATION

The Registrant is an open-end management investment company registered under the 1940 Act. All Funds are diversified within the meaning of the 1940 Act. The tables below set forth information about the Registrant’s organization and portfolio turnover information for certain Funds.

Registrant Organization

         

Registrant

Form of Organization

Date of Organization

Number of Funds

Shares Available for Issuance

Investment Trust

Delaware statutory trust

August 16, 1993

14

Unlimited

Portfolio Turnover

     

Fund

Fiscal Year 2020

Turnover Rate

Fiscal Year 2021

Turnover Rate

Convertible Fund

138%

154%

Core Fixed Income Fund

589%

492%

Core Plus Bond Fund

443%

258%

Short Duration Core Bond Fund

351%

220%

Total Return Fund

538%

393%

     

The changes in portfolio turnover over the last two fiscal years for each Fund included in the table above were primarily due to trading strategies employed by the Fund’s portfolio management team in response to market conditions and shareholder cash flow activity, and not reflective of a material change in the Fund’s principal investment strategies.

Part I

2-1

3.
INVESTMENT POLICIES

Fundamental Investment Restrictions. Each Fund’s investment objective cannot be changed without the approval of a “majority of the Fund’s outstanding shares,”1 except for the investment objective of each of Corporate Bond Fund and Short Duration Core Bond Fund, which may be changed by the Board without shareholder approval. Each Fund also is subject to the following fundamental investment restrictions that cannot be changed without the approval of a majority of each Fund’s outstanding shares.

Each Fund may not:

1. borrow money, except that (i) it may borrow from banks (as defined in the 1940 Act)2 in amounts up to 33⅓% of its total assets (including the amount borrowed), (ii) it may borrow up to an additional 5% of its total assets for temporary purposes, (iii) it may obtain such short-term credit as may be necessary for the clearance of purchases and sales of portfolio securities, (iv) it may purchase securities on margin to the extent permitted by applicable law,3 and (v) it may borrow money from other Lord Abbett Funds to the extent permitted by applicable law and any exemptive relief obtained by the Fund;

2. pledge its assets (other than to secure borrowings, or to the extent permitted by each Fund’s investment policies as permitted by applicable law);4

3. engage in the underwriting of securities, except pursuant to a merger or acquisition or to the extent that, in connection with the disposition of its portfolio securities, it may be deemed to be an underwriter under federal securities laws;

4. with respect to Core Plus Bond Fund, Corporate Bond Fund, and Short Duration Core Bond Fund, make loans to other persons, except that (i) the acquisition of bonds, debentures, or other corporate debt securities and investments in government obligations, commercial paper, pass-through instruments, certificates of deposit, bankers’ acceptances, repurchase agreements, or any similar instruments shall not be subject to this limitation, (ii) the Fund may lend its portfolio securities, provided that the lending of portfolio securities may be made only in accordance with applicable law, and (iii) the Fund may lend money to other Lord Abbett Funds to the extent permitted by applicable law and any exemptive relief obtained by the Fund;

with respect to Floating Rate Fund, make loans, except that the Fund may (i) lend portfolio securities in accordance with the Fund’s investment policies, (ii) enter into repurchase agreements, (iii) purchase all or a portion of an issue of publicly distributed debt securities, bank loan interests (including novations, assignments, and participations), bank certificates of deposit, acceptances, debentures, or other securities, whether or not the purchase is made upon the original issuance of the securities, (iv) participate in a credit facility whereby the Fund may directly lend to and borrow money from other affiliated funds to the extent permitted under the 1940 Act or an exemption therefrom, and (v) make loans in any other manner consistent with applicable law, as amended and interpreted or modified from time to time by any regulatory authority having jurisdiction;

   
   
   

1   A “majority of the Fund’s outstanding shares” means the vote of the lesser of (1) 67% or more of the voting securities present at a shareholder meeting, provided that more than 50% of the outstanding voting securities of the Fund are present at the meeting or represented by proxy, or (2) more than 50% of the outstanding voting securities of the Fund regardless of whether such shareholders are present at the meeting (or represented by proxy).

2  The term “bank” is defined in Section 2(a)(5) of the 1940 Act.

3  SEC staff guidance currently prohibits a Fund from purchasing any security on margin, except such short-term credits as are necessary for the clearance of transactions.

4  For the purpose of this restriction the deposit of assets in a segregated account with a Fund’s custodian in connection with any of the Fund’s investment transactions is not considered to be a pledge of the Fund’s assets.

Part I

3-1

with respect to Inflation Focused Fund, make loans to other persons, except that the acquisition of bonds, debentures, or other corporate debt securities and investments in government obligations, commercial paper, pass-through instruments, certificates of deposit, bankers’ acceptances, repurchase agreements, or any similar instruments shall not be subject to this limitation, and except further that the Fund may lend money to other Lord Abbett Funds to the extent permitted by applicable law and any exemptive relief obtained by the Fund;
with respect to each Fund except Core Plus Bond Fund, Floating Rate Fund, and Inflation Focused Fund, make loans to other persons, except that (i) the acquisition of bonds, debentures, or other corporate debt securities and investments in government obligations, commercial paper, pass-through instruments, certificates of deposit, bankers’ acceptances, repurchase agreements, or any similar instruments shall not be subject to this limitation, and (ii) the Fund may lend its portfolio securities, provided that the lending of portfolio securities may be made only in accordance with applicable law, and (iii) the Fund may lend money to other Lord Abbett Funds to the extent permitted by applicable law and any exemptive relief obtained by the Fund;

5. buy or sell real estate (except that each Fund may invest in securities directly or indirectly secured by real estate or interests therein or issued by companies, which invest in real estate or interests therein), or commodities or commodity contracts (except to the extent each Fund may do so in accordance with applicable law and without registering as a CPO under the CEA as, for example, with futures contracts);

6. with respect to 75% of each Fund’s gross assets, buy securities of one issuer representing more than (i) 5% of each Fund’s gross assets, except securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, and for each of the Fund-of-Funds, securities issued by an investment company or (ii) 10% of the voting securities of such issuer;5

7. with respect to Convertible Fund, Floating Rate Fund, High Yield Fund, Income Fund, Inflation Focused Fund, Multi-Asset Balanced Opportunity Fund, Multi-Asset Income Fund, and Short Duration Income Fund, invest more than 25% of its assets, taken at market value, in the securities of issuers in any particular industry excluding securities of the U.S. Government, its agencies and instrumentalities;

8. with respect to Corporate Bond Fund, invest more than 25% of its assets, taken at market value, in the securities of issuers in any particular industry;

9. with respect to Core Fixed Income Fund, Core Plus Bond Fund, Short Duration Core Bond Fund, and Total Return Fund, invest more than 25% of its assets, taken at market value, in the securities of issuers in any particular industry (excluding securities of the U.S. Government, its agencies and instrumentalities, and mortgage-backed securities as described under “Mortgage-Related and other Asset-Backed Securities” below); or

10. with respect to Ultra Short Bond Fund, invest more than 25% of its assets, taken at market value, in the securities of issuers in any particular industry (excluding securities of the U.S. Government, its agencies and instrumentalities, and the financial services industry); or

11. issue senior securities to the extent such issuance would violate applicable law.6

   
   
   

5  For purposes of this fundamental investment restriction, the term “gross assets” means “total assets.”

6  Current federal securities laws prohibit each Fund from issuing senior securities (which generally are defined as securities representing indebtedness), except that the Fund may borrow money from banks in amounts of up to 33⅓% of its total assets (including the amount borrowed).

Part I

3-2

Compliance with these fundamental investment restrictions will be determined at the time of the purchase or sale of the security, except in the case of the first fundamental investment restriction, with which the Funds must comply on a continuous basis. For purposes of these restrictions, the Funds, with the exception of Ultra Short Bond Fund, do not consider mortgage-related securities, including commercial mortgage-backed securities and other privately issued mortgage-related securities, as representing interests in any particular industry or group of industries.

Non-Fundamental Investment Restriction. Each Fund also is subject to the following non-fundamental investment restriction that may be changed by the Registrant’s Board without shareholder approval.

Each Fund may not invest in securities issued by other investment companies as defined in the 1940 Act, except to the extent permitted by applicable law. A Fund may not, however, rely on Sections 12(d)(1)(F) and 12(d)(1)(G) of the 1940 Act.

Part I

3-3

4.
FUND INVESTMENTS

The following table identifies the investment types and techniques that Lord Abbett may use in managing the Funds. A more detailed description of these investment types and techniques, along with the risks associated with each, is contained in the “Additional Information on Portfolio Investments, Risks, and Techniques” section of Part II. A Fund may use any or all of these investment types and techniques indicated below at any one time, and the fact that a Fund may use a particular investment type or technique does not mean that it will be used. A Fund’s transactions in a particular investment type or use of a particular technique is subject to the limitations imposed by the Fund’s investment objective, policies, and restrictions described in the Funds’ prospectus and in this SAI, as well as the federal securities laws. A Fund may receive instruments or investments not contemplated herein through the conversion or exchange of a permissible investment or as a result of the reorganization or bankruptcy of the issuer of an otherwise permissible investment, and the Fund may hold or dispose of these instruments or investments at its discretion.

Please refer to the applicable Fund’s prospectus and the fundamental and non-fundamental investment restrictions in the “Investment Policies” section of Part I for more information on any applicable limitations.

           
 

MULTI-ASSET FUNDS

        

Investment Type

        
 

Multi-Asset Balanced
Opportunity Fund

Multi-Asset Income Fund

    

Bank Loans

X

X

    

Cash/Short-Term Instruments and Money Market Investments

X

X

    

Convertible Securities

X

X

    

Synthetic Convertible Securities

X

X

    

Debt Securities

X

X

    

High-Yield Debt Securities

X

X

    

Municipal Bonds

X

X

    

Non-U.S. Gov’t and Supranational Debt Securities

X

X

    

U.S. Government Securities

X

X

    

Zero Coupon Bonds

X

X

    

Depositary Receipts

X

X

    

Derivatives

X

X

    

Commodity-Related Investments

X

X

    

Credit Default Swaps and Similar Instruments

X

X

    

Forward Contracts

X

X

    

Futures Contracts

X

X

    

Options Contracts

X

X

    

Swap Agreements

X

X

    

Equity Securities

X

X

    

Common Stocks

X

X

    

IPOs

X

X

    

Preferred Stocks

X

X

    

Warrants and Rights

X

X

    

Foreign Currency Transactions

X

X

    

Foreign Securities

X

X

    

Emerging Market Securities

X

X

    

Illiquid Securities

X

X

    

Mortgage-Related and Asset-Backed Securities and Other Collateralized

X

X

    
 

Part I

4-1

         

Obligations

        

Other Investment Companies

X

X

    

REITs

X

X

    

Short Sales

X

X

    

Structured Notes and Other Hybrid Instruments

X

X

    
         

FIXED INCOME FUNDS

        

Investment Type

        
 

Convertible Fund

Core Fixed Income Fund

Core Plus Bond Fund

Corporate Bond Fund

Bank Loans

  

X

X

X

Cash/Short-Term Instruments and Money Market Investments

X

X

X

X

Convertible Securities

X

X

X

  

Synthetic Convertible Securities

X

X

X

  

Debt Securities

X

X

X

X

High-Yield Debt Securities

X

X

X

X*

Municipal Bonds

X

X

X

X

Non-U.S. Gov’t and Supranational Debt Securities

  

X

X

X

U.S. Government Securities

X

X

X

X

Zero Coupon Bonds

X

X

X

X

Depositary Receipts

X

X

X

X

Derivatives

X

X

X

X

Commodity-Related Investments

        

Credit Default Swaps and Similar Instruments

X

X

X

X

Forward Contracts

X

X

X

X

Futures Contracts

X

X

X

X

Options Contracts

X

X

X

X

Swap Agreements

X

X

X

X

Equity Securities

X

      

Common Stocks

X

      

IPOs

X

      

Preferred Stocks

X

      

Warrants and Rights

X

      

Foreign Currency Transactions

X

X

X

X

Foreign Securities

X

X

X

X

Emerging Market Securities

X

X

X

X

Illiquid Securities

X

X

X

X

Mortgage-Related and Asset-Backed Securities and Other Collateralized Obligations

  

X

X

X

Other Investment Companies

X

X

X

X

REITs

X

X

X

X

Short Sales

X

X

X

X

Structured Notes and Other Hybrid Instruments

X

X

X

X

Part I

4-2

         

FIXED INCOME FUNDS

        

Investment Type

        
 

Floating Rate Fund

High Yield Fund

Income Fund

Inflation Focused Fund

FIXED INCOME FUNDS

        

Investment Type

        
 

Floating Rate Fund

High Yield Fund

Income Fund

Inflation Focused Fund

Bank Loans

X

X

X

X

Cash/Short-Term Instruments and Money Market Investments

X

X

X

X

Convertible Securities

X

X

X

X

Synthetic Convertible Securities

X

X

X

X

Debt Securities

X

X

X

X

High-Yield Debt Securities

X

X

X

X

Municipal Bonds

X

X

X

X

Non-U.S. Gov’t and Supranational Debt Securities

  

X

X

X

U.S. Government Securities

X

X

X

X

Zero Coupon Bonds

X

X

X

X

Depositary Receipts

X

X

X

X

Derivatives

X

X

X

X

Commodity-Related Investments

      

X

Credit Default Swaps and Similar Instruments

X

X

X

X

Forward Contracts

X

X

X

X

Futures Contracts

X

X

X

X

Options Contracts

X

X

X

X

Swap Agreements

X

X

X

X

Equity Securities

X

X

X

X

Common Stocks

X

X

    

IPOs

X

X

    

Preferred Stocks

X

X

X

X

Warrants and Rights

  

X

X

X

Foreign Currency Transactions

X

X

X

X

Foreign Securities

X

X

X

X

Emerging Market Securities

X

X

X

X

Illiquid Securities

X

X

X

X

Mortgage-Related and Asset-Backed Securities and Other Collateralized Obligations

X

X

X

X

Other Investment Companies

X

X

X

X

REITs

X

X

X

X

Short Sales

X

X

X

X

Structured Notes and Other Hybrid Instruments

X

X

X

X

Part I

4-3

         

FIXED INCOME FUNDS

        

Investment Type

        
 

Short Duration Core Bond Fund

Short Duration Income Fund

Total Return Fund

Ultra Short Bond Fund

Bank Loans

X

X

X

X

Cash/Short-Term Instruments and Money Market Investments

X

X

X

X

Convertible Securities

  

X

X

  

Synthetic Convertible Securities

  

X

X

  

Debt Securities

X

X

X

X

Part I

4-4

         

FIXED INCOME FUNDS

        

Investment Type

        
 

Short Duration Core Bond Fund

Short Duration Income Fund

Total Return Fund

Ultra Short Bond Fund

High-Yield Debt Securities

X*

X

X

X*

Municipal Bonds

X

X

X

X

Non-U.S. Gov’t and Supranational Debt Securities

X

X

X

X

U.S. Government Securities

X

X

X

X

Zero Coupon Bonds

X

X

X

X

Depositary Receipts

X

X

X

  

Derivatives

X

X

X

X

Commodity-Related Investments

        

Credit Default Swaps and Similar Instruments

X

X

X

X

Forward Contracts

X

X

X

X

Futures Contracts

X

X

X

X

Options Contracts

X

X

X

X

Swap Agreements

X

X

X

X

Equity Securities

  

X

X

  

Common Stocks

        

IPOs

        

Preferred Stocks

  

X

X

  

Warrants and Rights

  

X

X

  

Foreign Currency Transactions

X

X

X

X

Foreign Securities

X

X

X

X

Emerging Market Securities

X

X

X

X

Illiquid Securities

X

X

X

X

Mortgage-Related and Asset-Backed Securities and Other Collateralized Obligations

X

X

X

X

Other Investment Companies

X

X

X

X

REITs

X

X

X

X

Short Sales

X

X

X

X

Structured Notes and Other Hybrid Instruments

X

X

X

X

*Each of Corporate Bond Fund, Short Duration Core Bond Fund, and Ultra Short Bond Fund may at times hold below investment grade securities (commonly referred to as “high-yield” or “junk” bonds) if it purchased securities that were considered investment grade at their time of purchase and such securities subsequently are downgraded.

Related Additional Investment Restrictions

In addition to the principal investment strategies (and related restrictions) discussed in the Funds’ prospectus, each Fund may use other investment techniques in seeking to achieve its investment objective, as set forth in the table above. The applicable investment restrictions associated with such other investment techniques are set forth below. Please see ‘‘Additional Information on Portfolio Investments, Risks, and Techniques’’ in Part II of the SAI for more information on these and the other investment techniques that may be used by the Funds.

Borrowing Money. Each Fund may borrow money to the extent permitted by its investment policies and restrictions and applicable law. When a Fund borrows money or otherwise leverages its portfolio, the value of an investment in the Fund may be more volatile and other investment risks will tend to be compounded.

Part I

4-5

Each Fund may engage in other transactions that may have the effect of creating leverage in the Fund’s portfolio, including, by way of example, derivatives transactions and reverse repurchase agreements. A Fund will generally not treat such transactions as borrowings of money.

Direct Investments by Funds-of-Funds. The Underlying Funds of each Fund-of-Funds are listed in “Appendix B: Underlying Funds of the Funds-of-Funds” of the Fund-of-Fund’s prospectus. Please refer to Appendix B and each Underlying Fund’s prospectus for information about the applicable investment restrictions of the Underlying Funds.

Illiquid Securities. Each Fund may invest up to 15% of its net assets in illiquid securities. An illiquid security is a security that a Fund reasonably expects cannot be sold or disposed of in then-current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the security. In determining the liquidity of an investment, a Fund may consider, among other things, the relevant market, trading and investment specific considerations of the security, including anticipated trading sizes.

Part I

4-6

5.
BOARD MEMBERS

The Board Members of the Registrant are also Board Members of each of the Lord Abbett Funds, which collectively consist of 64 funds. For more information on the Board Members, please see the “Management of the Funds” section of Part II.

Compensation

The following table sets forth the compensation accrued by the Registrant for the Independent Board Members and the total compensation paid by all Lord Abbett Funds to the Independent Board Members, including amounts payable but deferred at the option of each Independent Board Member. No Interested Board Member or officer of the Lord Abbett Funds received any compensation from the Funds for acting as a Board Member or officer. The Lord Abbett Funds currently do not offer a bonus, pension, profit-sharing, or retirement plan.

     

Board Members

For the Fiscal Year Ended November 30, 2021 Aggregate Compensation Accrued by the Registrant1

Total Compensation Paid by the Lord Abbett Funds2

Evelyn E. Guernsey

$262,984

$459,680

Julie A. Hill

238,606

417,040

Kathleen M. Lutito

223,734

391,040

James M. McTaggart

239,188

418,080

Charles O. Prince

227,290

397,280

Karla M. Rabusch

227,290

397,280

Lorin Patrick Taylor Radtke3

72,850

129,653

Leah Song Richardson3

72,850

129,653

Mark A. Schmid

227,290

397,280

James L.L. Tullis

324,866

567,840

1 Independent Board Members’ fees, including attendance fees for Board and committee meetings, are allocated among all Lord Abbett Funds based on the net assets of each Fund. A portion of the fees payable by each Fund to its Independent Board Members may be deferred at the option of a Board Member under an equity-based plan (the “equity-based plan”) that deems the deferred amounts to be invested in shares of a Fund for later distribution to the Board Members. In addition, until December 31, 2021, $25,000 of each Board Member’s retainer was required to be deferred and is deemed invested in shares of the Funds and other Lord Abbett Funds under the equity-based plan. The total deferred amounts for Ms. Guernsey, Ms. Hill, Ms. Lutito, Mr. McTaggart, Mr. Prince, Ms. Rabusch, Mr. Radtke, Ms. Richardson, Mr. Schmid, and Mr. Tullis are $14,300, $57,201, $223,734, $114,403, $162,039, $227,290, $4,682, $4,682, $14,300, and $120,435, respectively.

2 The second column shows total compensation, including the types of compensation described in the “For the Fiscal Year Ended November 30, 2021 Aggregate Compensation Accrued by the Registrant” column, accrued by all Lord Abbett Funds for the calendar year ended December 31, 2021, including fees Independent Board Members have chosen to defer.

3 Mr. Radtke and Ms. Richardson were elected to the Board of Directors/Trustees of the Lord Abbett Funds effective September 27, 2021.

Part I

5-1

Fund Ownership

The following table sets forth certain information about the dollar range of equity securities beneficially owned by each Board Member in the Registrant and all other Lord Abbett Funds as of December 31, 2021. The amounts shown include deferred compensation (including interest) to the Board Members deemed invested in Fund shares. The amounts ultimately received by the Board Members under the deferred compensation plan will be directly linked to the investment performance of the Lord Abbett Funds.

         
 

Dollar Range of Equity Securities

Board Members

Multi-Asset Balanced

Opportunity Fund

Multi-Asset

Income Fund

Convertible Fund

Core Fixed Income Fund

Independent Trustees

        

Evelyn E. Guernsey

$10,001 - $50,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Julie A. Hill

$10,001 - $50,000

$10,001 - $50,000

$10,001 - $50,000

10,001 - $50,000

Kathleen M. Lutito

$1 - $10,000

$1 - $10,000

Over $100,000

$1 - $10,000

James M. McTaggart

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Charles O. Prince

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Karla M. Rabusch

$1 - $10,000

$1 - $10,000

Over $100,000

$1 - $10,000

Lorin Patrick Taylor Radtke1

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Leah Song Richardson1

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Mark A. Schmid

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

James L.L. Tullis

$10,001 - $50,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Interested Trustee

        

Douglas B. Sieg

$10,001 - $50,000

None

None

None

         
 

Dollar Range of Equity Securities

Board Members

Core Plus Bond Fund

Corporate Bond Fund

Floating Rate
Fund

High Yield
Fund

Independent Trustees

        

Evelyn E. Guernsey

$1 - $10,000

$1 - $10,000

$10,001 - $50,000

$10,001 - $50,000

Julie A. Hill

$1 - $10,000

$1 - $10,000

$50,001 - $100,000

$50,001 - $100,000

Kathleen M. Lutito

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

James M. McTaggart

$1 - $10,000

$1 - $10,000

$10,001 - $50,000

Over $100,000

Charles O. Prince

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Karla M. Rabusch

$1 - $10,000

$1 - $10,000

Over $100,000

Over $100,000

Lorin Patrick Taylor Radtke1

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Leah Song Richardson1

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Mark A. Schmid

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

James L.L. Tullis

$1 - $10,000

$1 - $10,000

$10,001 - $50,000

$10,001 - $50,000

Interested Trustee

        

Douglas B. Sieg

None

None

None

$50,001-$100,000

Part I

5-2

         
 

Dollar Range of Equity Securities

Board Members

Income
Fund

Inflation Focused Fund

Short Duration Core Bond Fund

Short Duration Income Fund

Independent Trustees

        

Evelyn E. Guernsey

$1 - $10,000

$1 - $10,000

$1 - $10,000

$50,001-$100,000

Julie A. Hill

$10,001 - $50,000

$1 - $10,000

$1 - $10,000

Over $100,000

Kathleen M. Lutito

$1 - $10,000

$1 - $10,000

$1 - $10,000

$10,001 - $50,000

James M. McTaggart

$1 - $10,000

$1 - $10,000

$1 - $10,000

$50,001-$100,000

Charles O. Prince

$1 - $10,000

$1 - $10,000

$1 - $10,000

$10,001 - $50,000

Karla M. Rabusch

Over $100,000

$1 - $10,000

$1 - $10,000

Over $100,000

Lorin Patrick Taylor Radtke1

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Leah Song Richardson1

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Mark A. Schmid

$1 - $10,000

$1 - $10,000

$1 - $10,000

Over $100,000

James L.L. Tullis

$1 - $10,000

$1 - $10,000

$1 - $10,000

Over $100,000

Interested Trustee

        

Douglas B. Sieg

None

None

None

50,001-$100,000

       
 

Dollar Range of Equity Securities

  

Board Members

Total Return
Fund

Ultra Short Bond Fund

Aggregate Dollar Range of Equity Securities in Lord Abbett Funds

Independent Trustees

      

Evelyn E. Guernsey

$1 - $10,000

$10,001 - $50,000

Over $100,000

Julie A. Hill

$10,001 - $50,000

Over $100,000

Over $100,000

Kathleen M. Lutito

$1 - $10,000

Over $100,000

Over $100,000

James M. McTaggart

$1 - $10,000

$10,001 - $50,000

Over $100,000

Charles O. Prince

$1 - $10,000

$1 - $10,000

Over $100,000

Karla M. Rabusch

$1 - $10,000

$1 - $10,000

$1 - $10,000

Lorin Patrick Taylor Radtke1

$1 - $10,000

$1 - $10,000

$1 - $10,000

Leah Song Richardson1

$1 - $10,000

$1 - $10,000

Over $100,000

Mark A. Schmid

$1 - $10,000

$10,001 - $50,000

Over $100,000

James L.L. Tullis

10,001 - $50,000

$10,001 - $50,000

Over $100,000

Interested Trustee

      

Douglas B. Sieg

$50,001-$100,000

$50,001-$100,000

Over $100,000

1 Mr. Radtke and Ms. Richardson were elected to the Board of Directors/Trustees of the Lord Abbett Funds effective September 27, 2021.

Part I

5-3

Committee Meetings

The following table sets forth the number of times each committee of the Board met during the most recent fiscal year:

           

Fiscal Year Ended

Audit Committee

Proxy Committee

Nominating and Governance Committee

Contract Committee

Compensation Committee

November 30, 2021

4

1

6

5

1

Part I

5-4

6.
INVESTMENT ADVISORY AND OTHER SERVICES, FEES, AND EXPENSES

For more information on Lord Abbett, please see the “Investment Adviser” section of Part II.

Lord Abbett is each Fund’s investment adviser. Lord Abbett is a privately held investment adviser. Lord Abbett’s address is 90 Hudson Street, Jersey City, NJ 07302-3973.

Under the Management Agreements between Lord Abbett and Investment Trust, on behalf of each Fund, Lord Abbett is entitled to an annual management fee based on each Fund’s average daily net assets. The management fee is allocated to each class of shares based upon the relative proportion of each Fund’s net assets represented by that class.

For certain Funds, Lord Abbett has contractually agreed to waive a portion of its fees and reimburse certain expenses. These agreements may be terminated only by the Funds’ Board.

Each Fund pays all expenses attributable to its operations not expressly assumed by Lord Abbett, including, without limitation, Rule 12b-1 Plan expenses, Independent Board Members’ fees and expenses, association membership dues, legal and auditing fees, taxes, transfer and dividend disbursing agent fees, shareholder servicing costs, expenses relating to shareholder meetings, expenses of registering its shares under federal and state securities laws, expenses of preparing, printing and mailing prospectuses and shareholder reports to existing shareholders, insurance premiums, and other expenses connected with executing portfolio transactions.

Management Fee Rates
The management fee is accrued daily, payable monthly, and calculated at the following annual rates:

   

Multi-Asset Balanced Opportunity Fund and
Multi-Asset Income Fund

0.10%

Convertible Fund

First $1 billion

0.70%

Next $1 billion

0.60%

Over $2 billion

0.57%

Core Fixed Income Fund

First $1 billion

0.24%

Next $1 billion

0.21%

Over $2 billion

0.20%

Core Plus Bond Fund and Total Return Fund

  

First $4 billion

0.28%

Next $11 billion

0.26%

Over $15 billion

0.25%

Corporate Bond Fund

First $2 billion

0.40%

Over $2 billion

0.35%

Floating Rate Fund

First $1 billion

0.50%

Over $1 billion

0.45%

Part I

6-1

   

 High Yield Fund

First $1 billion

0.60%

Next $1 billion

0.55%

Over $2 billion

0.50%

Income Fund

First $3 billion

0.38%

Next $7 billion

0.35%

Over $10 billion

0.34%

 Inflation Focused Fund

First $2 billion

0.30%

Next $3 billion

0.28%

Over $5 billion

0.26%

 Short Duration Core Bond Fund

First $1 billion

0.30%

Next $1 billion

0.25%

Over $2 billion

0.20%

Short Duration Income Fund

First $1 billion

0.35%

Next $1 billion

0.30%

Over $2 billion

0.25%

Ultra Short Bond Fund

0.17%

Management Fees Paid to Lord Abbett

The following tables set forth the management fees each Fund paid to Lord Abbett (taking into account any management fee waivers) for the last three fiscal years ended November 30th:

       
 

2019

 

Gross Management Fees

Management Fees Waived

Net Management Fees

Multi-Asset Balanced Opportunity Fund

$1,932,765

$0

$1,932,765

Multi-Asset Income Fund

1,342,840

0

1,342,840

Convertible Fund

5,271,333

0

5,271,333

Core Fixed Income Fund

2,932,642

0

2,932,642

Core Plus Bond Fund

210,610

(210,610)

0

Corporate Bond Fund

26,729

(26,729)

0

Floating Rate Fund

52,503,812

0

52,503,812

High Yield Fund

35,258,335

0

35,258,335

Income Fund

8,899,224

0

8,899,224

Inflation Focused Fund

3,665,132

0

3,665,132

Short Duration Core Bond Fund

70,655

(70,655)

0

Short Duration Income Fund

122,164,326

0

122,164,326

Total Return Fund

10,776,093

0

10,776,093

Ultra Short Bond Fund1

33,955,614

(11,327,153)

22,628,461

Part I

6-2

       
 

2020

 

Gross Management Fees

Management Fees Waived

Net Management Fees

Multi-Asset Balanced Opportunity Fund

$2,334,882

$0

$2,334,882

Multi-Asset Income Fund

1,181,500

0

1,181,500

Convertible Fund

6,165,978

0

6,165,978

Core Fixed Income Fund

4,119,154

0

4,119,154

Core Plus Bond Fund

728,028

(289,755)

438,273

Corporate Bond Fund

39,441

(39,441)

0

Floating Rate Fund

32,599,692

0

32,599,692

High Yield Fund

38,089,060

0

38,089,060

Income Fund

10,460,718

0

10,460,718

Inflation Focused Fund

2,299,443

0

2,299,443

Short Duration Core Bond Fund

222,168

(222,168)

0

Short Duration Income Fund

137,354,790

0

137,354,790

Total Return Fund

11,578,415

0

11,578,415

Ultra Short Bond Fund1

37,042,897

(2,997,362)

34,045,535

       
 

2021

 

Gross Management Fees

Management Fees Waived

Net Management Fees

Multi-Asset Balanced Opportunity Fund

$2,724,186

$0

$2,724,186

Multi-Asset Income Fund

1,289,982

0

1,289,982

Convertible Fund

11,024,766

0

11,024,766

Core Fixed Income Fund

4,586,688

0

4,586,688

Core Plus Bond Fund

864,633

(110,279)

754,354

Corporate Bond Fund

46,185

(46,185)

0

Floating Rate Fund

28,489,454

0

28,489,454

High Yield Fund

41,436,957

0

41,436,957

Income Fund

11,447,978

0

11,447,978

Inflation Focused Fund

5,590,754

0

5,590,754

Short Duration Core Bond Fund

505,303

(304,956)

200,347

Short Duration Income Fund

150,704,642

0

150,704,642

Total Return Fund

11,667,743

0

11,667,743

Ultra Short Bond Fund1

32,791,962

(966)

32,790,996

1 Before April 1, 2020, the management fee for Ultra Short Bond Fund was calculated at 0.20%.

Contractual Fee Waivers and Expense Limitations

Lord Abbett has contractually agreed to waive its fees and/or reimburse Fund expenses to the extent necessary to limit each Fund’s total net annual operating expenses (excluding certain expenses such as fees under a Rule 12b-1 Plan and acquired fund fees and expenses) to the annual rates set forth in the following table. This agreement may be terminated only by the Fund’s Board.

       
 

Contract Period

Class F3 and R6

All Other Share Classes

Core Plus Bond Fund

April 1, 2022 - March 31, 2023

0.39%

0.48%

Corporate Bond Fund

April 1, 2022 - March 31, 2023

0.44%

0.48%

Short Duration Core Bond Fund

April 1, 2022 - March 31, 2023

0.33%

0.40%

Part I

6-3

As to Core Fixed Income Fund and Total Return Fund, for the period from April 1, 2022 through March 31, 2023, Lord Abbett has contractually agreed to waive each Fund’s Class I shareholder servicing expenses at the annual rate of 0.04% of the Fund’s average daily net assets.

Administrative Services Fees Paid to Lord Abbett
Pursuant to an Administrative Services Agreement with the Funds, Lord Abbett provides certain administrative services not involving the provision of investment advice to the Funds. The following table sets forth the administrative services fees each Fund paid to Lord Abbett for the last three fiscal years ended November 30th:

       
 

2019

 

Gross Administrative Fees

Administrative Fees Voluntarily Waived

Net Administrative Fees

Multi-Asset Balanced Opportunity Fund

$773,106

$0

$773,106

Multi-Asset Income Fund

537,136

0

537,136

Convertible Fund

301,219

0

301,219

Core Fixed Income Fund

501,456

0

501,456

Core Plus Bond Fund

30,087

(30,087)

0

Corporate Bond Fund

2,673

(2,673)

0

Floating Rate Fund

4,622,561

0

4,622,561

High Yield Fund

2,700,667

0

2,700,667

Income Fund

936,760

0

936,760

Inflation Focused Fund

488,684

0

488,684

Short Duration Core Bond Fund

9,421

(9,421)

0

Short Duration Income Fund

19,306,292

0

19,306,292

Total Return Fund

1,539,918

0

1,539,918

Ultra Short Bond Fund

6,791,123

0

6,791,123

       
 

2020

 

Gross Administrative Fees

Administrative Fees Voluntarily Waived

Net Administrative Fees

Multi-Asset Balanced Opportunity Fund

$933,953

$(29,504)

$904,449

Multi-Asset Income Fund

472,600

(17,118)

455,482

Convertible Fund

355,984

(13,630)

342,354

Core Fixed Income Fund

727,584

(27,514)

700,070

Core Plus Bond Fund

104,004

(17,988)

86,016

Corporate Bond Fund

3,944

(3,944)

0

Floating Rate Fund

2,853,306

(97,672)

2,755,634

High Yield Fund

2,927,125

(104,897)

2,822,228

Income Fund

1,101,128

(56,394)

1,044,734

Inflation Focused Fund

306,592

(50,372)

256,220

Short Duration Core Bond Fund

29,622

(7,649)

21,973

Short Duration Income Fund

21,736,766

(499,308)

21,237,458

Total Return Fund

1,658,309

(77,989)

1,580,320

Ultra Short Bond Fund

8,211,480

(181,355)

8,030,125

Part I

6-4

       
 

2021

 

Gross Administrative Fees

Administrative Fees Voluntarily Waived

Net Administrative Fees

Multi-Asset Balanced Opportunity Fund

$1,089,674

$(56,778)

$1,032,896

Multi-Asset Income Fund

515,993

(43,923)

472,070

Convertible Fund

668,318

(30,651)

637,667

Core Fixed Income Fund

817,346

(58,791)

758,555

Core Plus Bond Fund

123,519

(31,589)

91,930

Corporate Bond Fund

4,618

(4,618)

0

Floating Rate Fund

2,487,951

(126,468)

2,361,483

High Yield Fund

3,194,957

(137,851)

3,057,106

Income Fund

1,206,557

(50,241)

1,156,316

Inflation Focused Fund

755,157

(57,593)

697,564

Short Duration Core Bond Fund

67,374

(15,839)

51,535

Short Duration Income Fund

23,872,743

(551,741)

23,321,002

Total Return Fund

1,671,960

(112,144)

1,559,816

Ultra Short Bond Fund

7,715,756

(271,051)

7,444,705

Distributor

For additional information on the Distributor, please see the “Investment Advisory and Other Services, Fees, and Expenses – Distributor” section of Part II. The Distributor received no other compensation (including compensation on redemption and repurchase and brokerage commissions in connections with Fund transactions) apart from that reflected below.

The following table sets forth the net sales charge received (after allowance of a portion of the sales charge to independent dealers) by the Distributor, as the Registrant’s principal underwriter, for the last three fiscal years ended November 30th:

       
 

2019

2020

2021

Gross sales charge

$17,055,584

$15,607,456

$13,025,009

Amount allowed to dealers

14,729,569

13,479,634

11,292,819

Net commissions received by the Distributor

2,326,015

2,127,822

1,732,190


The following table sets forth the CDSC received by the Distributor for the last three fiscal years ended November 30th:

       
 

2019

2020

2021

CDSC received by the Distributor

$1,960,174

$5,182,490

$2,227,699

Rule 12b-1 Plan

For additional information, please see the “Investment Advisory and Other Services, Fees, and Expenses – Rule 12b-1 Plan” section of Part II.

The following table sets forth the amounts paid by each applicable class of the Funds to the Distributor pursuant to the Rule 12b-1 Plan for the fiscal year ended November 30, 2021:

         
 

Class A

Class A1

Class C

Class F

Multi-Asset Balanced Opportunity Fund

$5,690,639

N/A

2,492,937

$78,909

Multi-Asset Income Fund

2,057,050

N/A

2,249,430

177,395

Convertible Fund

728,963

N/A

697,925

849,457

Core Fixed Income Fund

1,324,948

N/A

328,328

356,329

Core Plus Bond Fund

136,541

N/A

48,105

191,290

Corporate Bond Fund

5,434

N/A

6,302

4,215

Part I

6-5

         

Floating Rate Fund

3,727,092

N/A

4,540,993

2,552,028

High Yield Fund

2,341,938

N/A

2,291,901

2,217,119

Income Fund

2,513,322

N/A

775,136

569,906

Inflation Focused Fund

584,740

N/A

381,903

855,928

Short Duration Core Bond Fund

92,059

N/A

38,457

100,544

Short Duration Income Fund

26,379,777

N/A

31,356,806

25,317,438

Total Return Fund

2,744,981

N/A

600,912

1,027,938

Ultra Short Bond Fund

16,785,749

39,753

0

6,109,662

         
 

Class P

Class R2

Class R3

Class R4

Multi-Asset Balanced Opportunity Fund

$3,562

$3,905

$249,326

$37,025

Multi-Asset Income Fund

0

820

101,003

8,347

Convertible Fund

310

526

170,338

1,357

Core Fixed Income Fund

0

4,136

53,279

26,589

Core Plus Bond Fund

0

0

741

794

Corporate Bond Fund

0

174

314

73

Floating Rate Fund

0

5,865

234,998

6,827

High Yield Fund

210

37,293

568,984

260,951

Income Fund

0

8,473

274,758

15,233

Inflation Focused Fund

0

217

1,601

4,786

Short Duration Core Bond Fund

0

0

267

29

Short Duration Income Fund

0

69,639

2,016,403

406,084

Total Return Fund

3,030

13,098

284,745

124,348

Ultra Short Bond Fund

0

0

0

0

Brokerage Commissions

The Funds’ policy with respect to portfolio transactions and brokerage is set forth under the “Brokerage Allocation and Other Practices” section of Part II.

Brokerage Commissions Paid to Independent Broker-Dealer Firms.
The following table sets forth the total brokerage commissions on transactions of securities each Fund paid to independent broker-dealer firms for the last three fiscal years ended November 30th:

       
 

2019

2020

2021

Multi-Asset Balanced Opportunity Fund

$34,284

$57,539

$74,660

Multi-Asset Income Fund

27,615

29,071

33,954

Convertible Fund

242,129

71,561

12,764

Core Fixed Income Fund

28,075

18,440

37,307

Core Plus Bond Fund

2,759

2,988

6,863

Corporate Bond Fund

316

401

356

Floating Rate Fund

1,012,815

384,080

82,301

High Yield Fund

1,254,637

1,285,192

1,523,087

Income Fund

62,440

52,378

40,802

Inflation Focused Fund

49,375

26,398

40,360

Short Duration Core Bond Fund

452

789

1,319

Short Duration Income Fund

549,034

936,618

1,361,795

Total Return Fund

81,072

61,727

118,758

Ultra Short Bond Fund

N/A

N/A

38,770

The amount of brokerage commissions paid by a Fund may change from year to year because of changing asset levels, shareholder activity, and portfolio turnover, among other factors.

Part I

6-6

In addition to the purchase of research services through “commission sharing arrangements,” Lord Abbett purchased third party research services with its own resources during the past three fiscal years ended November 30th.

The following table sets forth the amount of portfolio transactions directed by each Fund to broker-dealers that provided research services for the fiscal year ended November 30, 2021, for which the Fund paid the brokerage commissions indicated:

     
 

Transactions

Commissions

Multi-Asset Balanced Opportunity Fund

$14,727,091

$818

Multi-Asset Income Fund

6,978,818

388

Convertible Fund

70,117,316

10,760

Core Fixed Income Fund

0

0

Core Plus Bond Fund

0

0

Corporate Bond Fund

0

0

Floating Rate Fund

46,774,458

13,563

High Yield Fund

2,498,561,397

903,535

Income Fund

4,287,181

659

Inflation Focused Fund

2,766,645

424

Short Duration Core Bond Fund

0

0

Short Duration Income Fund

79,103,078

12,130

Total Return Fund

0

0

Ultra Short Bond Fund

0

0

Regular Broker-Dealers

During the fiscal year ended November 30, 2021, each Fund acquired securities of its “regular brokers or dealers,” as that term is defined in Rule 10b-1 under the 1940 Act, that derived, or have a parent that derived, more than 15% of its gross revenues from the business of a broker, a dealer, an underwriter, or an investment adviser, as follows:

     

 

Regular Broker or Dealers

Value of the Fund’s Aggregate Holdings of the Regular Broker’s or Dealer’s or Parent’s Securities

Multi-Asset Balanced Opportunity Fund

None

None

     

Multi-Asset Income Fund

None

None

     

Convertible Fund

Bank of America Corp.

$19,001,200

     

Core Fixed Income Fund

Bank of America Corp.

29,006,726

 

Citigroup Inc.

24,076,308

 

JPMorgan Chase & Co.

21,454,631

 

Morgan Stanley

10,997,518

 

Wells Fargo Bank

7,055,022

     

Core Plus Bond Fund

Bank of America Corp.

4,867,175

 

BNP Paribas SA

888,504

 

Citigroup Inc.

2,834,380

 

Morgan Stanley

3,240,007

 

JPMorgan Chase Commercial Mortgage Securities

3,189,452

     

Part I

6-7

     

Corporate Bond Fund

Bank of America Corp.

384,072

 

Citigroup Inc.

255,610.85

 

JPMorgan Chase & Co.

297,638

 

Morgan Stanley

233,698

 

Wells Fargo & Co.

263,547

     

Floating Rate Fund

None

None

     

High Yield Fund

Credit Suisse Group AG

11,428,515

 

JPMorgan Chase Commercial Mortgage Securities

14,639,763

     

Income Fund

Bank of America Corp.

28,521,618

 

Citigroup Inc.

18,703,956

 

Goldman Sachs Group Inc.

16,655,483

 

Morgan Stanley

26,822,493

 

UBS AG

14,852,250

     

Inflation Focused Fund

Bank of America Corp.

20,007,991

 

Citigroup Inc.

27,411,618

 

Goldman Sachs Group Inc.

16,670,192

 

JPMorgan Chase & Co.

12,778,176

 

Morgan Stanley

8,081,112

 

UBS AG

19,775,018

 

UBS Group AG

17,024,684

     

Short Duration Core Bond Fund

Barclays PLC

946,762

 

Citigroup Inc.

55,876

 

JPMorgan Chase Commercial Mortgage Securities

1,989,703

     

Short Duration Income Fund

Bank of America Corp.

619,725,326

 

Barclays PLC

107,945,028

 

Citigroup Inc.

751,820,212

 

Credit Suisse Group AG

153,865,003

 

Credit Suisse Mortgage Capital Certificates

72,299,143

 

Goldman Sachs Group Inc.

418,483,676

 

JPMorgan Chase & Co.

216,545,266

 

JPMorgan Chase Commercial Mortgage Securities

466,205,225

 

Morgan Stanley

323,558,940

     

Total Return Fund

Bank of America Corp.

50,211,618

 

BNP Paribas SA

10,493,070

 

Citigroup Inc.

48,481,965

 

Goldman Sachs Group Inc.

15,411,118

 

JPMorgan Chase & Co.

22,212,806

 

Morgan Stanley

42,217,827

 

Wells Fargo & Co.

32,188,480

     

Ultra Short Bond Fund

Bank of America Corp.

57,737,019

 

Citigroup Inc.

137,976,763

 

Goldman Sachs Group Inc.

432,914,645

Part I

6-8

     
 

JPMorgan Chase & Co.

133,668,908

 

Wells Fargo & Co.

126,284,537

Part I

6-9

7.
PORTFOLIO MANAGER INFORMATION

Other Accounts Managed

The following table sets forth information about the other accounts managed by the Funds’ portfolio managers as of November 30, 2021 (or another date, if indicated). For more information, please see the “Portfolio Management Information” section of Part II. The data shown below are approximate.

Included in the Registered Investment Companies category are those U.S.-registered funds managed or sub-advised by Lord Abbett, including funds underlying variable annuity contracts and variable life insurance policies offered through insurance companies. The Other Pooled Investment Vehicles category includes collective investment funds, offshore funds and similar non-registered investment vehicles. Lord Abbett does not manage any hedge funds. The Other Accounts category encompasses retirement and benefit plans (including both defined contribution and defined benefit plans) sponsored by various corporations and other entities, individually managed institutional accounts of various corporations, other entities and individuals, and separately managed accounts in so-called wrap fee programs sponsored by financial intermediaries unaffiliated with Lord Abbett.

                       
 

Number of Registered Investment Companies

Total Assets ($MM)

Number of Other Pooled Investment Vehicles

Total Assets ($MM)

Number of Other Accounts

Total Assets

($MM)

Multi-Asset Balanced
Opportunity Fund

          

Giulio Martini

2

2,122.0

0

0

0

0

Robert A. Lee

15

123,185.4

11

14,005.3

2,451

931.3

Jeffrey O. Herzog

2

2,122.0

0

0

0

0

             

Multi-Asset Income Fund

          

Giulio Martini

2

3,549.1

0

0

0

0

Robert A. Lee

15

124,612.6

11

14,005.3

2,451

931.3

Jeffrey O. Herzog

2

3,549.1

0

0

0

0

             

Convertible Fund

          

Alan R. Kurtz

0

0

1

88.1

2,279

1,274.7

Jeremy I. Lehmann

0

0

1

88.1

2,278

780.0

             

Core Fixed Income Fund

          

Robert A. Lee

15

123,849.8

11

14,005.3

2,451

931.3

Kewjin Yuoh

15

123,157.9

8

10,509.4

2,089

6,786.5

Andrew H. O’Brien

14

121,857.1

8

10,530.2

27

7,850.9

Leah G. Traub

5

8,953.7

2

1,177.2

2,048

716.3

Adam C. Castle

8

86,412.2

5

8,962.9

0

0

Harris A. Trifon

5

68,122.7

4

7,568.1

0

0

             

Core Plus Bond Fund

          

Robert A. Lee

15

125,490.1

11

14,005.3

2,451

931.3

Kewjin Yuoh

15

124,798.2

8

10,509.4

2,089

6,786.5

Andrew H. O’Brien

14

123,497.5

8

10,530.2

27

7,850.9

Steven F. Rocco

15

118,421.7

14

13,980.7

23

5,188.5

Leah G. Traub

5

10,594.1

2

1,177.2

2,048

716.3

Adam C. Castle

8

88,052.6

5

8,962.9

0

0

Harris A. Trifon

5

69,763.1

4

7,568.1

0

0

             

Part I

7-1

                 
 

Number of Registered Investment Companies

Total Assets ($MM)

Number of Other Pooled Investment Vehicles

Total Assets ($MM)

Number of Other Accounts

Total Assets

($MM)

Corporate Bond Fund

        

Andrew H. O’Brien

14

123,891.3

8

10,530.2

27

7,850.9

Kewjin Yuoh

15

125,192.1

8

10,509.4

2,089

6,786.5

Yoana N. Koleva

3

20,664.7

1

1,394.8

5

1,000.0

Eric P. Kang

2

3,968.3

0

0

0

0

         

Floating Rate Fund

          

Jeffery D. Lapin

1

796.5

2

382.7

0

0

Kearney M. Posner

0

0

2

382.7

0

0

Robert A. Lee

15

118,973.8

11

14,005.3

2,451

931.3

Steven F. Rocco

15

111,905.4

14

13,980.7

23

5,188.5

             

High Yield Fund

          

Steven F. Rocco

15

111,576.1

14

13,980.7

23

5,188.5

Robert A. Lee

15

118,644.5

11

14,005.3

2,451

931.3

Christopher J. Gizzo

3

29,317.2

2

5,094.3

0

0

Karen J. Gunnerson

1

19.7

1

3,641.9

0

0

             

Income Fund

          

Andrew H. O’Brien

14

120,731.2

8

10,530.2

27

7,850.9

Robert A. Lee

15

122,723.8

11

14,005.3

2,451

931.3

Kewjin Yuoh

15

122,031.9

8

10,509.4

2,089

6,786.5

Steven F. Rocco

15

115,655.4

14

13,980.7

23

5,188.5

Yoana N. Koleva

3

17,504.5

1

1,394.8

5

1,000.0

Eric P. Kang

2

808.1

0

0

0

0

             

Inflation Focused Fund

          

Leah G. Traub

5

7,273.9

2

1,177.2

2,048

716.3

Kewjin Yuoh

15

121,478.0

8

10,509.4

2,089

6,786.5

Robert A. Lee

15

122,170.0

11

14,005.3

2,451

931.3

Andrew H. O’Brien

14

120,177.3

8

10,530.2

27

7,850.9

Steven F. Rocco

15

115,101.5

14

13,980.7

23

5,188.5

             

Short Duration Core Bond Fund

          

Andrew H. O’Brien

14

123,719.4

8

10,530.2

27

7,850.9

Kewjin Yuoh

15

125,020.1

8

10,509.4

2,089

6,786.5

Adam C. Castle

8

88,274.5

5

8,962.9

0

0

Yoana N. Koleva

3

20,492.7

1

1,394.8

5

1,000.0

             

Short Duration Income Fund

          

Andrew H. O’Brien

14

61,116.8

8

10,530.2

27

7,850.9

Robert A. Lee

15

63,109.5

11

14,005.3

2,451

931.3

Kewjin Yuoh

15

62,417.6

8

10,509.4

2,089

6,786.5

Steven F. Rocco

15

56,041.0

14

13,980.7

23

5,188.5

Adam C. Castle

8

26,671.9

5

8,962.9

0

0

Harris A. Trifon

5

7,382.4

4

7,568.1

0

0

Yoana N. Koleva1

4

20,676.3

1

1,394.8

5

1,000.0

             

Part I

7-2

             

Total Return Fund

          

Robert A. Lee

15

121,750.7

11

14,005.3

2,451

931.3

Kewjin Yuoh

15

121,058.8

8

10,509.4

2,089

6,786.5

Andrew H. O’Brien

14

119,785.1

8

10,530.2

27

7,850.9

Steven F. Rocco

15

114,682.3

14

13,980.7

23

5,188.5

Leah G. Traub

5

6,854.7

2

1,177.2

2,048

716.3

Adam C. Castle

8

84,313.2

5

8,962.9

0

0

Harris A. Trifon

5

66,023.7

4

7,568.1

0

0

             

Ultra Short Bond Fund

          

Yoana N. Koleva

3

3,366.9

1

1,394.8

5

1,000.0

Andrew H. O’Brien

14

106,593.6

8

10,530.2

27

7,850.9

Kewjin Yuoh

15

107,097.8

8

10,509.4

2,089

6,786.5

Adam C. Castle

8

71,148.7

5

8,962.9

0

0

1 Yoana N. Koleva was added to Short Duration Income Fund effective April 1, 2022.

Holdings of Portfolio Managers

The following table indicates the dollar range of securities beneficially owned by each portfolio manager in the Funds he or she manages, as of November 30, 2021 (or another date, if indicated). This table includes the value of securities beneficially owned by the portfolio managers through 401(k) plans and certain other plans or accounts, if any.

   

Ownership of Securities1

Aggregate Dollar Range of Securities

Multi-Asset Balanced Opportunity Fund

  

Giulio Martini

Over $1,000,000

Robert A. Lee

$100,001-$500,000

Jeffrey O. Herzog

$10,001-$50,000

   

Multi-Asset Income Fund

  

Giulio Martini

$50,001-$100,000

Robert A. Lee

$100,001-$500,000

Jeffrey O. Herzog

$0

   

Convertible Fund

  

Alan R. Kurtz

Over $1,000,000

Jeremy I. Lehmann

$10,001-$50,000

   

Core Fixed Income Fund

  

Robert A. Lee

Over $1,000,000

Kewjin Yuoh

$1-$10,000

Andrew H. O’Brien

$1-$10,000

Leah G. Traub

$10,001-$50,000

Adam C. Castle

$0

Harris A. Trifon

$0

   

Core Plus Bond Fund

  

Robert A. Lee

$100,001-$500,000

Kewjin Yuoh

$0

Andrew H. O’Brien

$1-$10,000

Steven F. Rocco

$0

Leah G. Traub

0

Part I

7-3

   

Adam C. Castle

$0

Harris A. Trifon

$0

   

Corporate Bond Fund

  

Andrew H. O’Brien

$1-$10,000

Kewjin Yuoh

$0

Yoana N. Koleva

$0

Eric P. Kang

$0

   

Floating Rate Fund

  

Jeffery D. Lapin

$50,001-$100,000

Kearney M. Posner

$100,001-$500,000

Robert A. Lee

Over $1,000,000

Steven F. Rocco

$0

   

High Yield Fund

  

Steven F. Rocco

Over $1,000,000

Robert A. Lee

$100,001-$500,000

Christopher J. Gizzo

$100,001-$500,000

Karen J. Gunnerson

$10,001-$50,000

   

Income Fund

  

Andrew H. O’Brien

$1-$10,000

Robert A. Lee

Over $1,000,000

Kewjin Yuoh

$1-$10,000

Steven F. Rocco

$0

Yoana N. Koleva

$10,001-$50,000

Eric P. Kang

$0

   

Inflation Focused Fund

  

Leah G. Traub

$50,001-$100,000

Kewjin Yuoh

$100,001-$500,000

Robert A. Lee

$100,001-$500,000

Andrew H. O’Brien

$10,001-$50,000

Steven F. Rocco

$0

   

Short Duration Core Bond Fund

  

Andrew H. O’Brien

$10,001-$50,000

Kewjin Yuoh

$0

Adam C. Castle

$0

Yoana N. Koleva

$0

   

Short Duration Income Fund

  

Andrew H. O’Brien

Over $1,000,000

Robert A. Lee

Over $1,000,000

Kewjin Yuoh

$100,001-$500,000

Steven F. Rocco

$100,001-$500,000

Adam C. Castle

$0

Harris A. Trifon

$0

Yoana N. Koleva2

$100,001-$500,000

   

Total Return Fund

  

Robert A. Lee

Over $1,000,000

Part I

7-4

   

Kewjin Yuoh

$1-$10,000

Andrew H. O’Brien

$1-$10,000

Steven F. Rocco

$0

Leah G. Traub

$10,001-$50,000

Adam C. Castle

$0

Harris A. Trifon

$0

   

Ultra Short Bond Fund

  

Yoana N. Koleva

$10,001-$50,000

Andrew H. O’Brien

Over $1,000,000

Kewjin Yuoh

$0

Adam C. Castle

$0

1 As of December 31, 2021.

2 Yoana N. Koleva was added to Short Duration Income Fund effective April 1, 2022, and data is as of February 28, 2022.

Part I

7-5

8.
SECURITIES LENDING

The following table provides the dollar amounts of income and fees and/or compensation related to each Fund’s securities lending activities during the most recent fiscal year:

   

Convertible Fund

Gross income from securities lending activities

$72,920

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$7,292

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

-

Administrative fees not included in revenue split

-

Indemnification fee not included in revenue split

-

Rebate (paid to borrower)

-

Other fees not included in revenue split (specify)

-

Aggregate fees/compensation for securities lending activities

$7,292

Net income from securities lending activities

$65,628

 
   

High Yield Fund

Gross income from securities lending activities

$502,360

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$50,236

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

-

Administrative fees not included in revenue split

-

Indemnification fee not included in revenue split

-

Rebate (paid to borrower)

$1

Other fees not included in revenue split (specify)

-

Aggregate fees/compensation for securities lending activities

$50,237

Net income from securities lending activities

$452,123

 

Multi-Asset Balanced Opportunity Fund, Multi-Asset Income Fund, Core Fixed Income Fund, Core Plus Bond Fund, Corporate Bond Fund, Floating Rate Fund, Income Fund, Inflation Focused Fund, Short Duration Core Bond Fund, Short Duration Income Fund, Total Return Fund, and Ultra Short Bond Fund did not engage in securities lending during the Funds’ most recent fiscal year.

Citibank, N.A. (“Citibank”) acts as the securities lending agent for the Lord Abbett funds. As securities lending agent, during the last fiscal year, Citibank located borrowers for fund securities, monitored daily the value of the loaned securities and collateral, required additional collateral as necessary, negotiated loan terms, provided certain recordkeeping and account servicing, and arranged for return of loaned securities to the fund at loan termination, and, as applicable, in connection with proxy votes.

Part I

8-1

9.
CONTROL PERSONS AND PRINCIPAL SHAREHOLDERS

Shareholders beneficially owning more than 25% of outstanding shares may be in control and may be able to affect the outcome of certain matters presented for a shareholder vote. As of March 1, 2022, to the best of the Funds’ knowledge, the following persons or entities owned of record or were known by the Funds to beneficially own more than 25% of a Fund’s outstanding shares:

   

CORE FIXED INCOME FUND

  

EDWARD D JONES & CO
12555 MANCHESTER RD
SAINT LOUIS MO 63131-3710

44.85%

CORE PLUS BOND FUND

  

AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S
MINNEAPOLIS MN 55402-2405

25.99%

CORPORATE BOND FUND

  

LORD ABBETT & CO LLC
90 HUDSON ST
JERSEY CITY NJ 07302-3900

41.52%

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

39.95%

INCOME FUND

  

EDWARD D JONES & CO
12555 MANCHESTER RD
SAINT LOUIS MO 63131-3710

53.85%

MULTI-ASSET BALANCED OPPORTUNITY FUND

  

EDWARD D JONES & CO
12555 MANCHESTER RD
SAINT LOUIS MO 63131-3710

48.08%

SHORT DURATION CORE BOND FUND

  

LPL FINANCIAL
9785 TOWNE CENTRE DR
SAN DIEGO CA 92121-1968 

29.30%

NATIONAL FINANCIAL SERVICES LLC
200 LIBERTY ST # 1WFC
NEW YORK NY 10281-1003

41.80%

TOTAL RETURN FUND

  

EDWARD D JONES & CO
12555 MANCHESTER RD
SAINT LOUIS MO 63131-3710

45.24%

As of March 1, 2022, to the best of the Fund’s knowledge, the following persons or entities owned of record or were known by the Fund to beneficially own 5% or more of the specified class of the Fund’s outstanding shares:

Part I

9-1

     

MULTI-ASSET BALANCED INCOME FUND

  

CLASS A

EDWARD D JONES & CO
12555 MANCHESTER RD
SAINT LOUIS MO 63131-3710

56.16%

CLASS C

EDWARD D JONES & CO
12555 MANCHESTER RD
SAINT LOUIS MO 63131-3710

5.85%

 

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

10.48%

 

LPL FINANCIAL
9785 TOWNE CENTRE DR
SAN DIEGO CA 92121-1968

6.02%

 

WELLS FARGO CLEARING SERVICES LLC
2801 MARKET ST
SAINT LOUIS MO 63103-2523

18.35%

 

RAYMOND JAMES
880 CARILLON PKWY
ST PETERSBURG FL 33716-1100

7.66%

CLASS F

NATIONAL FINANCIAL SERVICES LLC
200 LIBERTY ST # 1WFC
NEW YORK NY 10281-1015

12.21%

 

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

22.31%

 

LPL FINANCIAL
9785 TOWNE CENTRE DR
SAN DIEGO CA 92121-1968

13.02%

 

AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE S
MINNEAPOLIS MN 55402-2405

7.07%

 

UBS WM USA
1000 HARBOR BLVD
WEEHAWKEN NJ 07086-6761

6.56%

 

RAYMOND JAMES
880 CARILLON PKWY
ST PETERSBURG FL 33716-1100

26.15%

CLASS F3

LORD ABBETT & CO LLC
90 HUDSON ST
JERSEY CITY NJ 07302-3900

100.00%

Part I

9-2

     

CLASS I

MORGAN STANLEY SMITH BARNEY LLC
1 NEW YORK PLZ FL 12
NEW YORK NY 10004-1932

25.17%

 

WELLS FARGO CLEARING SERVICES LLC
2801 MARKET ST
SAINT LOUIS MO 63103-2523

17.34%

 

THE DOW FOUNDATION
59 N BEACH RD
HOBE SOUND FL 33455-2101

31.18%

 

THE DOW FOUNDATION
59 N BEACH RD
HOBE SOUND FL 33455-2101

12.78%

CLASS P

MATRIX TRUST COMPANY AS AGENT FOR
NEWPORT TRUST COMPANY
HOLDAHL INC 401(K) PROFIT SHARING PLAN
35 IRON POINT CIR
FOLSOM CA 95630-8587

59.67%

 

STATE STREET BANK AND TRUST
1 LINCOLN ST
BOSTON MA 02111-2901

37.68%

CLASS R2

MID ATLANTIC TRUST COMPANY FBO
DEWEY COMMUNITIES SERVICE CORP 401(K)
1251 WATERFRONT PL STE 525
PITTSBURGH PA 15222-4228

12.08%

 

ASCENSUS TRUST COMPANY FBO
VIOLETTE SILVESTER & SONS, INC.
P.O. BOX 10758
FARGO ND 58106-0758

20.10%

 

MATRIX TRUST COMPANY AS AGENT FOR
ADVISOR TRUST, INC.
GREATER GRENADA FOUNDATION FOR ECON
717 17TH ST STE 1300
DENVER CO 80202-3304

5.29%

 

PAI TRUST COMPANY, INC.
RIGGINS CO., L.C. 401(K) PROFIT SHA
1300 ENTERPRISE DR
DE PERE WI 54115-4934

53.98%

CLASS R3

VOYA INSTUTUTIONAL TRUST CO
PO BOX 990065
HARTFORD CT 06199-0065

14.10%

 

TALCOTT RESOLUTION LIFE INSURANCE COMPANY
PO BOX 5051
HARTFORD CT 06102-5051

13.12%

Part I

9-3

     

CLASS R5

FIIOC FBO GERVAIS 401(K) PLAN
100 MAGELLAN WAY KWIC
COVINGTON KY 41015-1987

56.05%

 

PAI TRUST COMPANY INC
LEPAGE INC 401(K) P/S PLAN
1300 ENTERPRISE DR
DE PERE WI 54115-4934

36.55%

 

MID ATLANTIC TRUST COMPANY FBO
EB COMPANIES LLC 401(K)
1251 WATERFRONT PL STE 525
PITTSBURGH PA 15222-4228

6.94%

CLASS R6

MLPF&S
4800 DEER LAKE DR E FL 3
JACKSONVILLE FL 32246-6484

50.94%

 

MATRIX TRUST COMPANY AS AGENT FOR
ADVISOR TRUST, INC
COMPREHENSIVE DENTAL CARE 401K PLAN
717 17TH ST STE 1300
DENVER CO 80202-3304

8.47%

 

MATRIX TRUST COMPANY AS AGENT FOR
ADVISOR TRUST, INC
BDR INC 401(K) PLAN
717 17TH ST STE 1300
DENVER CO 80202-3304

8.34%

 

MATRIX TRUST COMPANY AS AGENT FOR
ADVISOR TRUST, INC
ABELSON & COMPANY LLC 401K PLAN
717 17TH ST STE 1300
DENVER CO 80202-3304

6.74%

MULTI-ASSET INCOME FUND

  

CLASS A

EDWARD D JONES & CO
12555 MANCHESTER RD
SAINT LOUIS MO 63131-3710

25.73%

 

NATIONAL FINANCIAL SERVICES LLC
200 LIBERTY ST # 1WFC
NEW YORK NY 10281-1015

10.07%

 

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

9.24%

 

LPL FINANCIAL
9785 TOWNE CENTRE DR
SAN DIEGO CA 92121-1968

6.53%

Part I

9-4

     
 

WELLS FARGO CLEARING SERVICES LLC
2801 MARKET ST
SAINT LOUIS MO 63103-2523

9.26%

CLASS C

NATIONAL FINANCIAL SERVICES LLC
200 LIBERTY ST # 1WFC
NEW YORK NY 10281-1015

7.52%