About LDMTX
The Lord Abbett Emerging Markets Bond Fund Class R5 is an open-end mutual fund focused on providing current income and long-term capital growth through investments in debt securities tied to emerging market countries. The fund’s strategy involves allocating at least 80% of its net assets to a broad selection of government, corporate, and quasi-sovereign bonds, as well as other debt instruments and derivatives associated with emerging economies. It employs a relative value-oriented investment process, blending bottom-up and top-down analysis to assess macroeconomic, industry, and issuer-specific risks and opportunities.
Notably, the fund has flexibility in credit quality, including significant exposure to high-yield (below investment grade) securities, and can invest in bonds denominated in both U.S. and foreign currencies. Its portfolio is diversified across countries, sectors, and industries, yet the management team may concentrate positions when they identify attractive opportunities. Risk management incorporates consideration of economic, political, monetary, and ESG factors in each market. With an average effective duration of approximately 6.7 years and a global footprint spanning over 230 holdings, this fund plays a vital role in providing access to the higher yield potential and diversification benefits of emerging market debt within a broader fixed income allocation.
Fund Family Lord Abbett
Category Emerging Markets Bond
Stock Exchange NASDAQ
Ticker Symbol LDMTX
Share Class Class R5
Index JP Morgan EMBI Global Diversified TR
LDMTX had a total return of 6.41% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.36%.
