Lord Abbett Special Situations Income Fund
Last Updated 03/19/2024
Shows hypothetical growth of $1000 since inception
Nav Per Share
9.47%
Current Yield
0.00%
Total Return
07/16/2021
Inception
$61,421,554
Total Managed Assets*
LISSX
Ticker
$1,000,000
Minimum Investment
%
Net Expense Ratio
*represents total managed funds for the fund complex
About The Fund
Lord Abbett Special Situations Income Fund (the “Fund”) is a non-diversified, closed-end management investment company that continuously offers its shares and is operated as an “interval fund.”
Investment Objective: The Fund’s investment objective is total return. In pursuing its investment objective, the Fund will seek income as well as capital appreciation. No assurance can be given that the Fund’s investment objective will be achieved, and you could lose all of your investment in the Fund.
Investment Strategy: To pursue its objective, the Fund has flexibility to allocate its capital among a broad range of asset classes and sectors, including corporate, sovereign, municipal, and structured products. The Fund will invest its assets in bonds, loans and other fixed income instruments and derivative instruments intended to provide economic exposure to such securities. The Fund may invest at every level of the capital structure, in securities across developed and emerging markets, in “stressed” securities and in special situations. Developments creating special situations may include, but are not limited to, complex, dislocated and distressed conditions such as mergers or acquisitions, spin-offs, litigation, bankruptcy proceedings and workouts, financial restructurings, new products, or management changes. The Fund has significant flexibility to adjust allocations over time while adapting to the market and economic environment. The Fund intends to be optimally positioned across asset classes, sectors and capital structure, without any explicit duration target or liquidity limitations, in order to maximize exposure to favored industries and sectors, identify the strongest candidates within those industries or sectors, and select securities the Fund believes present the best risk/reward profiles.
Adviser: Lord, Abbett & Co. LLC
Administrator: Lord Abbett
Legal Counsel: Ropes & Gray LLP
Partner: Bryan Chegwidden
Public Accounting Firm: Deloitte & Touche LLP
Distributor: Lord Abbett Distributor LLC
Custodian: State Street Bank and Trust Company
Transfer Agent: DST Systems, Inc.
Fund Materials
Fund Class Docs
HISTORICAL DATA
Percentage and dollar changes represent the increase or decrease in the NAV from the preceding trading day.