C000202980 Fees and Costs — Lord Abbett Global Bond Fund, Class C
Data updated: 2024-03-13
The net expense ratio is 1.40%: a 0.43% management fee, a 0.82% 12b-1 fee plus 2.13% other expenses, less a 1.98% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $117 in broker commissions, 0.0012% of average net assets, and portfolio turnover was 179%.
C000202980 Fees and Expenses
Annual operating expenses and sales charges of C000202980. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.82% |
| Other expenses | 2.13% |
| Gross expense ratio | 3.38% |
| Fee waiver | −1.98% |
| Net expense ratio | 1.40% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000202980 Costs Over Time
On $10,000 invested in C000202980, assuming 5% a year before costs, total costs come to $869 over 5 years, cutting the return by 1.47% 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 |
| Sales charges | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.40%) | $147 | $457 | $789 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $251 | $480 | $869 |
| Value after costs | $10,249 | $11,096 | $11,893 |
| Impact on return, per year | 2.51% | 1.47% | 1.47% |
C000202980 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0012%
- Total broker commissions: $117
- Bought from dealers (principal trades, not a cost): $102.9M
- Portfolio turnover (prospectus): 179%
- Securities lending: none during the year
C000202980 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $117 | 100.00% |
C000202980 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $53.1M | 55.52% |
| Barclays Capital Inc. | $9.8M | 10.20% |
| Citigroup Global Markets Inc. | $8.7M | 9.05% |
| BofA Securities, Inc. | $6.1M | 6.40% |
| Mizuho Securities USA LLC | $5.7M | 5.94% |
| Goldman Sachs & Co. LLC | $5.3M | 5.57% |
| Morgan Stanley & Co. LLC | $3.0M | 3.13% |
| J.P. Morgan Securities LLC | $1.6M | 1.67% |
| BNP Paribas Securities Corp. | $1.4M | 1.48% |
| RBC Capital Markets, LLC | $996K | 1.04% |
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.