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.
Fund Family Lord Abbett
Category Emerging Markets Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol LDMAX
Share Class Class A
Index JP Morgan EMBI Global Diversified TR
LDMAX had a total return of 10.29% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.16%.
