Lord Abbett Bond Debenture
Objective And StrategyObjective
High current income and the opportunity for capital appreciation to produce a high total return.
StrategyUnder normal market conditions, the Fund will invests at least 80% of its net assets in bonds, debentures and other fixed income securities. The Fund’s investments primarily include U.S. investment grade fixed income securities, U.S. high yield securities, foreign securities (including emerging market securities), convertible securities, mortgage-related and other asset-backed securities, and equity securities. In addition, the Fund may invest in derivative instruments, such as options, futures contracts, forward contracts or swap agreements
Tax Inefficient Fund
Asset classes that make large ordinary income distributions or generate significant short term capital gains are tax inefficient. Asset classes that match this description include REITs, commodities funds and absolute return funds.