C000180454 Fees and Costs — Lord Abbett Corporate Bond Fund, Class F
Data updated: 2024-04-26
The net expense ratio is 0.58%: a 0.40% management fee, a 0.10% 12b-1 fee plus 3.25% other expenses, less a 3.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $10K in broker commissions, 0.1279% of average net assets, and portfolio turnover was 115%.
C000180454 Fees and Expenses
Annual operating expenses and sales charges of C000180454. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.10% |
| Other expenses | 3.25% |
| Gross expense ratio | 3.75% |
| Fee waiver | −3.17% |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000180454 Costs Over Time
On $10,000 invested in C000180454, assuming 5% a year before costs, total costs come to $445 over 5 years, cutting the return by 0.74% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $13 | $42 | $73 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $244 | $445 |
| Value after costs | $10,426 | $11,332 | $12,317 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
C000180454 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1279%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $17.6M
- Portfolio turnover (prospectus): 115%
- Securities lending: none during the year
C000180454 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Flow Traders B.V. | $1K | 17.77% |
| Jane Street Capital, LLC | $1K | 12.95% |
| Virtu Americas LLC | $997 | 11.83% |
| UBS Securities LLC | $989 | 11.74% |
| Barclays Capital Inc. | $924 | 10.97% |
| BofA Securities, Inc. | $713 | 8.46% |
| SG Americas Securities, LLC | $612 | 7.27% |
| Citigroup Global Markets Inc. | $591 | 7.01% |
| Jefferies LLC | $524 | 6.22% |
| Goldman Sachs & Co. LLC | $487 | 5.78% |
C000180454 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cooperatieve Rabobank U.A. (London, GB, Branch) | $13.8M | 78.20% |
| State Street Bank and Trust Company | $2.2M | 12.31% |
| Lloyds Banking Group PLC | $830K | 4.71% |
| National Westminster Bank Public Limited Company | $658K | 3.74% |
| BNP Paribas Securities Corp. | $99K | 0.56% |
| Virtu Americas LLC | $61K | 0.34% |
| CIBC World Markets Corp. | $20K | 0.11% |
| Barclays Capital Inc. | $4K | 0.02% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.