Lord Abbett Credit Opportunities Fund

Lord Abbett Credit Opportunities Fund (LARAX) is a diversified, closed-end management investment company structured as an interval fund, with an investment objective of total return. The fund aims to achieve this by flexibly investing across a broad spectrum of credit sectors, including corporate, sovereign, municipal, and structured products. It dynamically allocates assets in response to changing market and economic conditions, seeking to optimize positioning across sectors and along the credit curve without a fixed duration target. The fund's portfolio can encompass U.S. and non-U.S. high yield and investment grade corporates, asset-backed securities, bank loans, private credit, emerging market debt, convertibles, and cash equivalents. A key characteristic is its willingness to invest in stressed, distressed, and even defaulted securities, allowing for an opportunistic approach to credit markets. Shareholder liquidity is limited due to its interval fund structure, which provides quarterly repurchase offers for a portion of outstanding shares. The fund primarily serves retail investors through broker-dealers, offering exposure to a wide range of credit opportunities with the potential for higher yields while managing the risks associated with lower-rated and unconventional fixed income assets. Under normal conditions, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds and other fixed income instruments and derivative instruments intended to provide economic exposure to such securities. Sources: [1] https://stockanalysis.com/quote/mutf/LARAX/ [2] https://www.lordabbett.com/content/dam/lordabbett/en/documents/legal-documents/interval-fund/5121/credit_opportunities_fund_statutory_prospectus.pdf [3] https://www.morningstar.com/cefs/xnas/larax/strategy [4] https://www.lordabbett.com/en-us/financial-advisor/investments-and-performance/interval-funds/fixed-income/credit-opportunities-fund.class-i.html