Liquidation: LORD ABBETT TRUST I
Form Type: N-CSRS
Filing Date: 2025-04-04
Corporate Action: Liquidation
Type: Update
Accession Number: 000093041325001160
Filing Summary: On February 4, 2025, the Board of Lord Abbett Trust I approved a plan of liquidation, which will result in the Fund's liquidation and dissolution, expected to be completed by Spring 2025. Any shares outstanding on the Liquidation Date will be automatically redeemed. Shareholders are allowed to redeem their Fund shares at NAV before the Liquidation Date. Purchase orders and exchange requests will not be accepted after February 7, 2025. This plan is detailed in the Supplement dated February 7, 2025, accompanying the Summary Prospectus and other relevant documents.
Document Link: View Document
Additional details:
Date Of Fiscal Year End: 7/31
Date Of Reporting Period: 1/31/2025
Total Net Assets: $32,762,589
Portfolio Turnover Rate: 39%
Total Advisory Fees Paid: $0
Class A Costs Of 10000 Investment: $330.65
Class C Costs Of 10000 Investment: $641.25
Class F Costs Of 10000 Investment: $230.45
Class F3 Costs Of 10000 Investment: $210.42
Class R3 Costs Of 10000 Investment: $480.95
Class R4 Costs Of 10000 Investment: $360.70
Class R5 Costs Of 10000 Investment: $230.45
Class R6 Costs Of 10000 Investment: $210.42
# Of Portfolio Holdings: 201
Asset Backed Securities: 0.28%
Convertible Bonds: 0.21%
Corporate Bonds: 56.97%
Floating Rate Loans: 1.55%
Foreign Government Obligations: 30.15%
Government Sponsored Enterprises Collateralized Mortgage Obligations: 0.28%
Money Market Funds: 0.64%
Municipal Bonds: 1.26%
Time Deposits: 0.07%
U S Treasury Obligations: 6.62%
Repurchase Agreements: 1.97%
Form Type: 497
Filing Date: 2025-02-07
Corporate Action: Liquidation
Type: New
Accession Number: 000093041325000414
Filing Summary: On February 4, 2025, the Board of Trustees of Lord Abbett Trust I approved a plan of liquidation for the Lord Abbett Climate Focused Bond Fund. The liquidation and dissolution of the Fund is anticipated to be completed around Spring 2025. Any shares outstanding on the Liquidation Date will be automatically redeemed at the net asset value (NAV) after required distributions and expenses are settled. Shareholders can exchange their shares for those of another Lord Abbett Fund or redeem them at NAV before the Liquidation Date. Individual retirement account shareholders will automatically exchange their shares for those of the Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund. The Fund will cease to accept purchase orders or exchange requests effective February 7, 2025.
Document Link: View Document
Additional details:
Plan Approved Date: 2025-02-04
Liquidation Date: Spring 2025
Share Redemption Method: automatic redemption at NAV
Shareholder Actions: exchange, redeem, do nothing
Form Type: 497K
Filing Date: 2025-02-07
Corporate Action: Liquidation
Type: New
Accession Number: 000093041325000415
Filing Summary: On February 4, 2025, the Board of Trustees of Lord Abbett Trust I approved a plan of liquidation for the Lord Abbett Climate Focused Bond Fund. This plan signifies the Fund's impending liquidation and dissolution, which is anticipated to be completed around Spring 2025. All outstanding Fund shares will be automatically redeemed on the Liquidation Date, which is set for Spring 2025. The redemption proceeds will reflect the net asset value of the shares after necessary dividend distributions, settlement of the Fund's expenses and liabilities, and subsequent distribution of remaining proceeds to shareholders on the Liquidation Date as outlined in the Plan. Shareholders are authorized to exchange their Fund shares for shares of another Lord Abbett Fund, redeem shares at the NAV, or take no action, which will result in their shares being redeemed on the Liquidation Date. Notably, any individual retirement account shareholders who do not take action will automatically have their shares exchanged for shares in the Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund around the Liquidation Date. The Fund will cease to accept purchase orders or exchange requests starting February 7, 2025.
Document Link: View Document
Additional details:
Shareholder Actions: Exchange for shares of another Lord Abbett Fund, redeem at NAV, or do nothing for automatic redemption.
Liquidation Date: Spring 2025
Automatic Redemption: All Fund shares will be automatically redeemed on Liquidation Date.
Expenses Liabilities Handling: NAV after required distributions and payment of expenses will be the basis for redemption.
Automated Exchange IRA: IRA shareholders will automatically exchange into Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund.
Purchase Orders Cutoff: The Fund will no longer accept purchase orders or exchange requests after February 7, 2025.
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