About LARAX
Lord Abbett Credit Opportunities Fund Class A is a diversified, closed-end management investment company structured as an interval fund. Its primary function is to pursue total return by flexibly investing across a broad spectrum of credit sectors, including corporate, sovereign, municipal, and structured products. The fund is notable for its ability to allocate assets dynamically in response to changing market and economic conditions, aiming to optimize positioning across sectors and along the credit curve, without a fixed duration target. Its portfolio encompasses U.S. and non-U.S. high yield and investment grade corporates, asset-backed securities, bank loans, private credit, emerging market debt, convertibles, and cash equivalents. A distinguishing characteristic is its willingness to invest in stressed, distressed, and even defaulted securities, allowing for an opportunistic approach to credit markets. Shareholder liquidity is limited, as the fund provides quarterly repurchase offers for a portion of outstanding shares, reflecting its interval fund structure. Serving retail investors primarily through broker-dealers, the Lord Abbett Credit Opportunities Fund Class A plays a specialized role in delivering exposure to a broad range of credit opportunities with the potential for higher yields, while managing the risk profiles associated with lower-rated and unconventional fixed income assets.
Stock Exchange Nasdaq
Ticker Symbol LARAX
LARAX had a total return of -4.20% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.66%.
