Lord Abbett Investment Trust
08/30/2024 | Press release | Distributed by Public on 08/30/2024 13:30
Summary Prospectus by Investment Company - Form 497K
LORD ABBETT INVESTMENT TRUST
Lord Abbett Core Plus Bond Fund
Supplement dated August 30, 2024 to the
Summary Prospectus, Prospectus and Statement of Additional Information, each dated
April 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 page 65 of the statutory prospectus:
| Portfolio Managers/Title |
Member of the Portfolio Management Team Since |
| Robert A. Lee, Partner and Co-Head of Taxable Fixed Income | 2015 |
| Kewjin Yuoh, Partner and Portfolio Manager | 2015 |
| Andrew H. O'Brien, Partner and Portfolio Manager | 2015 |
| Steven F. Rocco, Partner and Co-Head of Taxable Fixed Income | 2015 |
| Leah G. Traub, Partner and Portfolio Manager | 2021 |
| Adam C. Castle, Partner and Portfolio Manager | 2021 |
| Harris A. Trifon, Partner and Portfolio Manager | 2021 |
| Karen J. Gunnerson, Portfolio Manager | 2024 |
The following paragraph replaces the seventh paragraph under "Management and Organization of the Funds" beginning on page 278 of the statutory prospectus:
Core Plus Bond Fund. Robert A. Lee, Partner and Co-Head of Taxable Fixed Income, heads the Fund's team. Mr. Lee joined Lord Abbett in 1997. Additional members of the Fund's team are Kewjin Yuoh, Partner and Portfolio Manager, Andrew H. O'Brien, Partner and Portfolio Manager, Steven F. Rocco, Partner and Co-Head of Taxable Fixed Income, Leah G. Traub, Partner and Portfolio Manager, Adam C. Castle, Partner and Portfolio Manager, Harris A. Trifon, Partner and Portfolio Manager, and Karen J. Gunnerson, Portfolio Manager. Mr. Trifon was formerly a Co-Head of Mortgage and Consumer Credit at Western Asset Management from 2014 to 2021. Messrs. Yuoh, O'Brien, Rocco, Castle, Trifon, and Mses. Traub and Gunnerson joined Lord Abbett in 2010, 1998, 2004, 2015, 2021, 2007, and 2017, respectively. Messrs. Lee, Yuoh, O'Brien, Rocco, Castle, Trifon, and Mses. Traub and Gunnerson 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 "Core Plus Bond 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 ($MM) |
||
| Core Plus Bond Fund | |||||||
| Robert A. Lee | 15 | 88,894.69 | 11 | 10,397.93 | 558 | 4,008.83 | |
| Kewjin Yuoh | 15 | 88,397.36 | 9 | 8,774.61 | 530 | 162.73 | |
| Andrew H. O'Brien | 14 | 85,936.75 | 8 | 8,679.07 | 26 | 5,080.96 | |
| Steven F. Rocco | 19 | 88,562.70 | 14 | 10,337.45 | 18 | 3,988.49 | |
| Leah G. Traub | 5 | 8,288.82 | 3 | 977.38 | 530 | 162.73 | |
| Adam C. Castle | 9 | 61,247.80 | 6 | 7,777.08 | 0 | 0 | |
| Number of Registered Investment Companies |
Total Assets ($MM) |
Number of Other Pooled Investment Vehicles |
Total Assets ($MM) |
Number of Other Accounts |
Total Assets ($MM) |
||
| Core Plus Bond Fund | |||||||
| Harris A. Trifon | 6 | 50,320.80 | 4 | 6,579.71 | 0 | 0 | |
| Karen J. Gunnerson1 | N/A | N/A | N/A | N/A | N/A | N/A | |
1 Karen J. Gunnerson was newly added as a portfolio manager to the Core Plus Bond Fund effective August 30, 2024 and her other accounts managed will be reported in a future filing.
The following rows replace the applicable rows of the corresponding table under the heading "Core Plus Bond Fund" in the subsection titled "Portfolio Manager Information-Holdings of Portfolio Managers" on page 7-3 of the SAI:
| Ownership of Securities | Aggregate Dollar Range of Securities |
| Core Plus Bond Fund | |
| Robert A. Lee | Over $1,000,000 |
| Kewjin Yuoh | $10,001-$50,000 |
| Andrew H. O'Brien | $10,001-$50,000 |
| Steven F. Rocco | $10,001-$50,000 |
| Leah G. Traub | $10,001-$50,000 |
| Adam C. Castle | $10,001-$50,000 |
| Harris A. Trifon1 | $10,001-$50,000 |
| Karen J. Gunnerson2 | N/A |
1 As of January 3, 2024.
2 Karen J. Gunnerson was newly added to the Fund as a portfolio manager to the Core Plus Bond Fund effective August 30, 2024, and her portfolio holdings will be reported in a future filing.
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.