08/30/2024 | Press release | Distributed by Public on 08/30/2024 13:20
LORD ABBETT TRUST I
Lord Abbett Short Duration High Yield Fund
Supplement dated August 30, 2024 to the
Summary Prospectus, Prospectus and Statement of Additional Information, each dated
December 1, 2023, as supplemented
The following table replaces the table in the subsection under "Management-Portfolio Managers" on page 12 of the summary prospectus and page 36 of the statutory prospectus:
Portfolio Managers/Title |
Member of the Portfolio Management Team Since |
Steven F. Rocco, Partner and Co-Head of Taxable Fixed Income | 2024 |
Christopher J. Gizzo, Partner and Deputy Director of Leveraged Credit | 2020 |
The following paragraph replaces the twelfth paragraph under "Management and Organization of the Funds" beginning on page 71 of the statutory prospectus:
Short Duration High Yield Fund. Steven F. Rocco, Partner and Co-Head of Taxable Fixed Income, heads the Fund's team. Mr. Rocco joined Lord Abbett in 2004. An additional member of the Fund's team is Christopher J. Gizzo, Partner and Portfolio Manager. Mr. Gizzo joined Lord Abbett in 2008. Messrs. Rocco and Gizzo are jointly and primarily responsible for the day-to-day management of the Fund.
The following rows replace the applicable rows of the corresponding table under the heading "Short Duration High Yield Fund" in the subsection titled "Portfolio Manager Information-Other Accounts Managed" on page 7-1 of the statement of additional information ("SAI"):
Number of Registered Investment Companies |
Total Assets ($MM) |
Number of Other Pooled Investment Vehicles |
Total Assets ($MM) |
Number of Other Accounts |
Total Assets ($MM) |
|
Short Duration High Yield Fund | ||||||
Steven F. Rocco | 16 | 91,435.17 | 14 | 11,255.19 | 18 | 3,917.47 |
Christopher J. Gizzo | 4 | 27,339.46 | 2 | 3,248.63 | 0 | 0 |
The following rows replace the applicable rows of the corresponding table under the heading "Short Duration High Yield Fund" in the subsection titled "Portfolio Manager Information-Holdings of Portfolio Managers" on page 7-2 of the SAI:
Ownership of Securities | Aggregate Dollar Range of Securities |
Short Duration High Yield Fund | |
Steven F. Rocco | $100,001-$500,000 |
Christopher J. Gizzo | $100,001-$500,000 |
Capitalized terms used in this Supplement shall, unless otherwise defined herein, have the same meaning as given in the Prospectuses and/or SAIs.
Please retain this document for your future reference.