About LDMCX
Lord Abbett Emerging Markets Bond Fund Class C is a mutual fund focused on achieving current income and long-term capital growth primarily through investment in debt securities issued by emerging market governments and corporations. The fund targets bonds from regions such as Latin America, Eastern Europe, Africa, the Middle East, and Asia, diversifying its portfolio across a wide spectrum of developing economies. A distinguishing feature of this fund is its flexible approach, allowing investment in forward currency contracts as well as both sovereign and corporate bonds, with a portfolio duration typically not exceeding eight years. The fund seeks to capitalize on the income opportunities and growth potential inherent in emerging markets, which often offer higher yields compared to developed markets but also present heightened risks. With a multi-manager structure and top holdings in sovereign issuers like Indonesia, Saudi Arabia, Mexico, and Brazil, the fund plays a significant role for investors seeking diversified exposure to global fixed income markets outside of advanced economies.
Fund Family Lord Abbett C
Category Emerging Markets Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol LDMCX
Share Class Class C
Index JP Morgan EMBI Global Diversified TR
LDMCX had a total return of 122.49% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.98%.
