Lord Abbett Bond Debenture Fund Inc.
08/30/2024 | Press release | Distributed by Public on 08/30/2024 13:17
Prospectus by Investment Company - Form 497
LORD ABBETT BOND DEBENTURE FUND
Supplement dated August 30, 2024 to the
Summary Prospectus, Prospectus and Statement of Additional Information, each dated
May 1, 2024, as supplemented
The following table replaces the table in the subsection under "Management-Portfolio Managers" on page 13 of the summary prospectus and the statutory prospectus:
| Portfolio Managers/Title |
Member of the Portfolio Management Team Since |
| Steven F. Rocco, Partner and Co-Head of Taxable Fixed Income | 2014 |
| Robert A. Lee, Partner and Co-Head of Taxable Fixed Income | 2013 |
| Andrew H. O'Brien, Partner and Portfolio Manager | 2014 |
| Kewjin Yuoh, Partner and Portfolio Manager | 2014 |
| Robert S. Clark, Portfolio Manager | 2015 |
| Christopher J. Gizzo, Partner and Deputy Director of Leveraged Credit | 2013 |
The following paragraph replaces the fourth paragraph under "Management and Organization of the Fund" beginning on page 38 of the statutory prospectus:
Steven F. Rocco, Partner and Co-Head of Taxable Fixed Income, heads the Fund's team. Mr. Rocco joined Lord Abbett in 2004. Additional members of the Fund's team are Robert A. Lee, Partner and Co-Head of Taxable Fixed Income, Andrew H. O'Brien, Partner and Portfolio Manager, Kewjin Yuoh, Partner and Portfolio Manager, Robert S. Clark, Portfolio Manager, and Christopher J. Gizzo, Partner and Deputy Director of Leveraged Credit. Messrs. Lee, O'Brien, Yuoh, Clark, and Gizzo joined Lord Abbett in 1997, 1998, 2010, 2010, and 2008, respectively. Messrs. Rocco, Lee, O'Brien, Yuoh, Clark, and Gizzo are jointly and primarily responsible for the day-to-day management of the Fund.
The table under the heading titled "Portfolio Manager Information-Other Accounts Managed" on page 7-1 of the statement of additional information ("SAI") is replaced in its entirety by the following:
|
Number of Registered Investment Companies |
Total Assets ($MM) |
Number of Other Pooled Investment Vehicles |
Total Assets ($MM) |
Number of Other Accounts |
Total Assets ($MM) |
|
| Steven F. Rocco | 19 | 70,622.78 | 14 | 10,616.18 | 18 | 4,177.56 |
| Robert A. Lee | 15 | 70,799.06 | 11 | 10,679.91 | 661 | 4,226.76 |
| Andrew H. O'Brien | 14 | 67,877.35 | 8 | 8,963.91 | 26 | 4,757.44 |
| Kewjin Yuoh | 15 | 70,451.06 | 9 | 9,070.32 | 633 | 204.21 |
| Robert S. Clark | 1 | 1,093.59 | 1 | 936.94 | 0 | 0 |
| Christopher J. Gizzo | 5 | 12,400.01 | 2 | 2,592.21 | 0 | 0 |
The table under the heading titled "Portfolio Manager Information-Holdings of Portfolio Managers" on page 7-1 of the SAI is replaced in its entirety by the following:
| Ownership of Securities | Aggregate Dollar Range of Securities |
| Steven F. Rocco1 | $500,001-$1,000,000 |
| Robert A. Lee | Over $1,000,000 |
| Andrew H. O'Brien | $50,001-$100,000 |
| Kewjin Yuoh | $10,001-$50,000 |
| Robert S. Clark1 | $50,001-$100,000 |
| Christopher J. Gizzo1 | $50,001-$100,000 |
1 Data as of April 3, 2024.
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.