CFBAX Fees and Costs — Lord Abbett Climate Focused Bond Fund, Class A
Data updated: 2025-03-28
The net expense ratio is 0.65%: a 0.35% management fee, a 0.20% 12b-1 fee plus 1.17% other expenses, less a 1.07% fee waiver. This share class carries a maximum front-end sales load of 2.25%. In fiscal 2024 the fund paid $108 in broker commissions, 0.0005% of average net assets, and portfolio turnover was 59%.
CFBAX Fees and Expenses
Annual operating expenses and sales charges of CFBAX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.20% |
| Other expenses | 1.17% |
| Gross expense ratio | 1.72% |
| Fee waiver | −1.07% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| 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 |
CFBAX Costs Over Time
On $10,000 invested in CFBAX, assuming 5% a year before costs, total costs come to $688 over 5 years, cutting the return by 1.16% 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 | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.65%) | $67 | $209 | $364 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $11 | $46 | $99 |
| Total costs | $303 | $480 | $688 |
| Value after costs | $10,197 | $11,096 | $12,075 |
| Impact on return, per year | 3.03% | 1.47% | 1.16% |
CFBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0005%
- Total broker commissions: $108
- Bought from dealers (principal trades, not a cost): $151.3M
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
CFBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $108 | 100.00% |
CFBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $127.1M | 86.83% |
| BNP Paribas Securities Corp. | $4.9M | 3.33% |
| Deutsche Bank Securities Inc. | $3.9M | 2.67% |
| Morgan Stanley & Co. LLC | $2.8M | 1.92% |
| J.P. Morgan Securities LLC | $2.1M | 1.43% |
| Goldman Sachs & Co. LLC | $1.5M | 1.01% |
| BofA Securities, Inc. | $1.4M | 0.95% |
| Citigroup Global Markets Inc. | $1000K | 0.68% |
| Barclays Capital Inc. | $899K | 0.61% |
| Credit Agricole Securities (USA) Inc. | $838K | 0.57% |
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.