Lord Abbett Global Fund N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-05476

LORD ABBETT GLOBAL FUND, INC.

(Exact name of Registrant as specified in charter)

90 Hudson Street, Jersey City, NJ 07302

(Address of principal executive offices)  (Zip code)

Thomas R. Phillips, Esq., Vice President & Assistant Secretary

90 Hudson Street, Jersey City, NJ 07302

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 201-6984

Date of fiscal year end: 12/31

Date of reporting period: 6/30/2013

Item 1: Report(s) to Shareholders.

2 0 1 3

L O R D  A B B E T T

S E M I A N N U A L

R E P O R T

Lord Abbett

Emerging Markets Currency Fund

Global Allocation Fund

For the six-month period ended June 30, 2013

Table of Contents

1	A Letter to Shareholders
2	Information About Your Fund’s Expenses and Holdings Presented by Sector/Portfolio Allocation
	Schedules of Investments:
6	Emerging Markets Currency Fund
27	Global Allocation Fund
28	Statements of Assets and Liabilities
30	Statements of Operations
31	Statements of Changes in Net Assets
33	Financial Highlights
48	Notes to Financial Statements
66	Supplemental Information to Shareholders

Lord Abbett Emerging Markets Currency Fund and
Lord Abbett Global Allocation Fund
Semiannual Report

For the six-month period ended June 30, 2013

Dear Shareholders: We are pleased to provide you with this semiannual report of the Funds for the six-month period ended June 30, 2013. For additional information about the Funds, please visit our Website at www.lordabbett.com, where you can access the quarterly commentaries by the Funds’ portfolio managers. General information about Lord Abbett mutual funds, as well as in-depth discussions of market trends and investment strategies, is also provided in Lord Abbett Insights, a quarterly newsletter available on our Website.

Thank you for investing in Lord Abbett mutual funds. We value the trust that you place in us and look forward to serving your investment needs in the years to come.

Best regards,

Daria L. Foster
Director, President and Chief Executive Officer

1

Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments (these charges vary among the share classes); and (2) ongoing costs, including management fees; distribution and service (12b-1) fees (these charges vary among the share classes); and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in each Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (January 1, 2013 through June 30, 2013).

Actual Expenses

For each class of each Fund, the first line of the table on the following pages provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading titled “Expenses Paid During Period 1/1/13 – 6/30/13” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

For each class of each Fund, the second line of the table on the following pages provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in each Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

2

Emerging Markets Currency Fund

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads). Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Beginning Account Value	Ending Account Value		Expenses Paid During Period†
	1/1/13	6/30/13		1/1/13 - 6/30/13
Class A
Actual	$1,000.00	$	959.70	$4.76
Hypothetical (5% Return Before Expenses)	$1,000.00	$	1,019.95	$4.91
Class B
Actual	$1,000.00	$	956.20	$8.59
Hypothetical (5% Return Before Expenses)	$1,000.00	$	1,016.02	$8.85
Class C
Actual	$1,000.00	$	957.00	$7.81
Hypothetical (5% Return Before Expenses)	$1,000.00	$	1,016.83	$8.05
Class F
Actual	$1,000.00	$	961.60	$4.28
Hypothetical (5% Return Before Expenses)	$1,000.00	$	1,020.45	$4.41
Class I
Actual	$1,000.00	$	962.00	$3.79
Hypothetical (5% Return Before Expenses)	$1,000.00	$	1,020.93	$3.91
Class P
Actual	$1,000.00	$	960.20	$5.83
Hypothetical (5% Return Before Expenses)	$1,000.00	$	1,018.85	$6.01
Class R2
Actual	$1,000.00	$	957.90	$6.70
Hypothetical (5% Return Before Expenses)	$1,000.00	$	1,017.95	$6.90
Class R3
Actual	$1,000.00	$	959.70	$6.12
Hypothetical (5% Return Before Expenses)	$1,000.00	$	1,018.52	$6.31

^† For each class of the Fund, net expenses are equal to the annualized expense ratio for such class (0.98% for Class A, 1.77% for Class B, 1.61% for Class C, 0.88% for Class F, 0.78% for Class I, 1.20% for Class P, 1.38% for Class R2 and 1.26% for Class R3) multiplied by the average account value over the period, multiplied by 181/365 (to reflect one-half year period).

Portfolio Holdings Presented by Sector

June 30, 2013

Sector*	%**
Asset-Backed		10.78	%
Automotive		0.95	%
Banking		4.39	%
Basic Industry		3.40	%
Capital Goods		0.92	%
Consumer Cyclical		1.96	%
Consumer Non-Cyclical		1.40	%
Energy		7.93	%
Financial Services		0.84	%
Foreign Government		11.18	%
Health Care	��	2.52	%
Sector*	%**
Insurance		0.97	%
Integrated Oils		0.38	%
Media		2.40	%
Mortgage-Backed		40.70	%
Real Estate		1.94	%
Services		1.75	%
Supranational		0.25	%
Technology & Electronics		1.54	%
Telecommunications		2.14	%
Utility		1.66	%
Total		100.00	%

*	A sector may comprise several industries.
**	Represents percent of total investments.

3

Global Allocation Fund

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads). Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Beginning Account Value	Ending Account Value	Expenses Paid During Period†#
	1/1/13	6/30/13	1/1/13 - 6/30/13
Class A*
Actual	$1,000.00	$1,034.30	$1.56
Hypothetical (5% Return Before Expenses)	$1,000.00	$1,023.28	$1.56
Class B*
Actual	$1,000.00	$1,029.50	$5.28
Hypothetical (5% Return Before Expenses)	$1,000.00	$1,019.59	$5.26
Class C*
Actual	$1,000.00	$1,029.70	$5.28
Hypothetical (5% Return Before Expenses)	$1,000.00	$1,019.61	$5.26
Class F*
Actual	$1,000.00	$1,034.10	$0.81
Hypothetical (5% Return Before Expenses)	$1,000.00	$1,024.02	$0.80
Class I*
Actual	$1,000.00	$1,034.40	$0.30
Hypothetical (5% Return Before Expenses)	$1,000.00	$1,024.51	$0.30
Class R2*
Actual	$1,000.00	$1,031.70	$3.32
Hypothetical (5% Return Before Expenses)	$1,000.00	$1,021.55	$3.31
Class R3*
Actual	$1,000.00	$1,032.20	$2.62
Hypothetical (5% Return Before Expenses)	$1,000.00	$1,022.22	$2.61

†	For each class of the Fund, net expenses are equal to the annualized expense ratio for such class (0.31% for Class A, 1.05% for Classes B and C, 0.16% for Class F, 0.06% for Class I, 0.66% for Class R2 and 0.52% for Class R3) multiplied by the average account value over the period, multiplied by 181/365 (to reflect one-half year period).
#	Does not include expenses of Underlying Funds in which Global Allocation Fund invests.
*	The annualized expenses of each class have been restated (0.32% for Class A, 1.07% for Classes B and C, 0.17% for Class F, 0.07% for Class I, 0.67% for Class R2 and 0.57% for Class R3). Had these restated expenses been in place throughout the most recent fiscal half-year, expenses paid during the period would have been:

	Actual	Hypothetical (5% Return Before Expenses)
Class A	$1.61	$1.61
Class B	$5.38	$5.36
Class C	$5.38	$5.36
Class F	$0.86	$0.85
Class I	$0.35	$0.35
Class R2	$3.38	$3.36
Class R3	$2.87	$2.86

4

Global Allocation Fund (concluded)

Portfolio Holdings Presented by Portfolio Allocation

June 30, 2013

Underlying Fund Name	%*
Lord Abbett Equity Trust - Calibrated Large Cap Value Fund - Class I	0.56	%
Lord Abbett Equity Trust - Calibrated Mid Cap Value Fund - Class I	7.72	%
Lord Abbett Global Fund, Inc. - Emerging Markets Currency Fund - Class I	18.80	%
Lord Abbett Investment Trust - High Yield Fund - Class I	11.74	%
Lord Abbett Securities Trust - International Dividend Income Fund - Class I	38.65	%
Lord Abbett Mid Cap Stock Fund, Inc. - Class I	20.18	%
Lord Abbett Investment Trust - Short Duration Income Fund - Class I	2.35	%
	100.00	%

* Represents percent of total investments.

5

Schedule of Investments (unaudited)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate	Maturity Date	Principal Amount (000)		Fair Value
LONG-TERM INVESTMENTS 75.03%
ASSET-BACKED SECURITIES 10.22%
Automobiles 5.47%
Ally Auto Receivables Trust 2012-1 A2	0.71%	9/15/2014	$	123	$	123,397
Ally Auto Receivables Trust 2012-5 A3	0.62%	3/15/2017		1,020		1,017,664
AmeriCredit Automobile Receivables Trust 2011-4 A2	0.92%	3/9/2015		33		33,252
AmeriCredit Automobile Receivables Trust 2011-5 A2	1.19%	8/8/2015		159		159,030
AmeriCredit Automobile Receivables Trust 2012-1 A2	0.91%	10/8/2015		353		353,057
AmeriCredit Automobile Receivables Trust 2012-3 A2	0.71%	12/8/2015		384		384,293
AmeriCredit Automobile Receivables Trust 2012-4 A2	0.49%	4/8/2016		773		772,634
AmeriCredit Automobile Receivables Trust 2012-4 A3	0.67%	6/8/2017		625		622,363
AmeriCredit Automobile Receivables Trust 2013-1 A3	0.61%	10/10/2017		425		422,216
AmeriCredit Automobile Receivables Trust 2013-1 B	1.07%	3/8/2018		257		254,322
AmeriCredit Automobile Receivables Trust 2013-3 B	1.58%	9/10/2018		250		248,420
BMW Vehicle Lease Trust 2013-1 A3	0.54%	9/21/2015		483		481,479
California Republic Auto Receivables Trust 2013-1 A2†	1.41%	9/17/2018		625		624,244
Capital Auto Receivables Asset Trust 2013-1 A1	0.47%	3/20/2015		650		648,992
Capital Auto Receivables Asset Trust 2013-1 A2	0.62%	7/20/2016		500		499,113
CarMax Auto Owner Trust 2011-3 A2	0.70%	11/17/2014		47		46,657
Ford Credit Auto Lease Trust 2012-A A2	0.63%	4/15/2014		192		192,023
Harley-Davidson Motorcycle Trust 2011-2 A2	0.71%	5/15/2015		72		72,128
Huntington Auto Trust 2012-2 A3	0.51%	4/17/2017		1,880		1,871,626
Hyundai Auto Lease Securitization Trust 2012-A A3†	0.92%	8/17/2015		1,530		1,533,150
Hyundai Auto Lease Securitization Trust 2013-A A3†	0.66%	6/15/2016		900		896,887
Hyundai Auto Receivables Trust 2012-C A3	0.53%	4/17/2017		950		947,781
Mercedes-Benz Auto Lease Trust 2013-A A2	0.49%	6/15/2015		1,400		1,397,356
Mercedes-Benz Auto Lease Trust 2013-A A3	0.59%	2/15/2016		930		926,789
Santander Drive Auto Receivables Trust 2010-A A3†	1.83%	11/17/2014		112		112,784

6 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
Automobiles (continued)
Santander Drive Auto Receivables Trust 2011-4 A2	1.37%		3/16/2015	$	93	$	93,462
Santander Drive Auto Receivables Trust 2012-2 A2	0.91%		5/15/2015		555		555,387
Santander Drive Auto Receivables Trust 2012-3 A2	0.83%		4/15/2015		463		462,713
Santander Drive Auto Receivables Trust 2012-3 A3	1.08%		4/15/2016		400		401,480
Santander Drive Auto Receivables Trust 2012-4 A2	0.79%		8/17/2015		761		760,828
Santander Drive Auto Receivables Trust 2012-6 A3	0.62%		7/15/2016		910		910,125
Santander Drive Auto Receivables Trust 2013-2 A2	0.47%		3/15/2016		1,200		1,199,489
Santander Drive Auto Receivables Trust 2013-3 A2	0.55%		9/15/2016		600		599,418
Santander Drive Auto Receivables Trust 2013-3 B	1.19%		5/15/2018		420		416,574
Volkswagen Auto Lease Trust 2012-A A3	0.87%		7/20/2015		960		961,895
Volkswagen Auto Loan Enhanced Trust 2012-2 A3	0.46%		1/20/2017		2,050		2,041,572
Total							23,044,600
Credit Cards 1.80%
Bank of America Credit Card Trust 2008-C5	4.943%	#	3/15/2016		650		658,212
Bank One Issuance Trust 2003-A8	0.443%	#	5/16/2016		1,200		1,199,869
Chase Issuance Trust 2012-A1	0.293%	#	5/16/2016		175		174,799
Citibank Omni Master Trust 2009-A14A†	2.943%	#	8/15/2018		1,675		1,720,599
GE Capital Credit Card Master Note Trust 2011-1 A	0.743%	#	1/15/2017		1,000		1,001,761
World Financial Network Credit Card Master Trust 2009-D A	4.66%		5/15/2017		570		571,125
World Financial Network Credit Card Master Trust 2013-B A	0.91%		3/16/2020		2,250		2,234,441
Total							7,560,806
Other 2.95%
HLSS Servicer Advance Receivables Backed Notes 2012-T2 A2†	1.99%		10/15/2045		750		751,175
HLSS Servicer Advance Receivables Backed Notes 2013-T1 A2†	1.495%		1/16/2046		850		839,698

See Notes to Financial Statements. 7

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
Other (continued)
HLSS Servicer Advance Receivables Backed Notes 2013-T2 A2†	1.147%		5/16/2044	$	500	$	498,895
HLSS Servicer Advance Receivables Backed Notes 2013-T3 A3†	1.793%		5/15/2046		500		493,893
SLM Student Loan Trust 2007-2 A2	0.276%	#	7/25/2017		740		737,534
SLM Student Loan Trust 2007-7 A2(a)	0.476%	#	1/25/2016		499		498,175
SLM Student Loan Trust 2010-A 2A†	3.443%	#	5/16/2044		1,992		2,062,829
SLM Student Loan Trust 2010-C A1†	1.843%	#	12/15/2017		231		232,058
SLM Student Loan Trust 2011-1 A1	0.713%	#	3/25/2026		1,073		1,065,673
SLM Student Loan Trust 2011-A A1†	1.193%	#	10/15/2024		802		805,419
SLM Student Loan Trust 2011-B A1†	1.043%	#	12/16/2024		1,044		1,045,355
SLM Student Loan Trust 2011-C A1†	1.593%	#	12/15/2023		425		428,460
SLM Student Loan Trust 2012-A A1†	1.593%	#	8/15/2025		715		722,983
SLM Student Loan Trust 2012-C A1†	1.293%	#	8/15/2023		1,034		1,040,434
SLM Student Loan Trust 2012-E A1†	0.943%	#	10/16/2023		387		387,694
SLM Student Loan Trust 2013-B A1†	0.843%	#	7/15/2022		824		821,632
Total							12,431,907
Total Asset-Backed Securities (cost $43,173,626)							43,037,313
CORPORATE BONDS 25.51%
Auto Loans 0.65%
Ford Motor Credit Co. LLC	8.70%		10/1/2014		2,500		2,725,927
Auto Parts & Equipment 0.13%
Delphi Corp.	5.875%		5/15/2019		500		533,750
Banking 3.51%
Abbey National Treasury Services plc (United Kingdom)(b)	1.856%	#	4/25/2014		500		503,746
Abbey National Treasury Services plc (United Kingdom)†(b)	3.875%		11/10/2014		1,500		1,545,114
Associated Banc-Corp	1.875%		3/12/2014		1,000		1,001,911
Bank of America Corp.	5.375%		6/15/2014		750		778,213
Caribbean Development Bank†	0.576%	#	7/19/2013		1,000		1,000,111
Citigroup, Inc.	5.00%		9/15/2014		500		519,765
Compagnie de Financement Foncier SA (France)†(b)	1.026%	#	4/17/2014		1,300		1,304,957
Credit Suisse AG (Guernsey)†(b)	1.625%		3/6/2015		800		812,271
DnB NOR Boligkreditt AS (Norway)†(b)	2.10%		10/14/2015		2,140		2,197,352
Goldman Sachs Group, Inc. (The)	1.273%	#	2/7/2014		1,000		1,002,755

8 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
Banking (continued)
Regions Financial Corp.	7.75%		11/10/2014	$	325	$	351,303
Royal Bank of Canada (Canada)(b)	1.20%		9/19/2017		2,250		2,197,476
Santander Holdings USA, Inc.	4.625%		4/19/2016		250		263,903
Sparebank 1 Boligkreditt AS (Norway)†(b)	2.30%		6/30/2017		1,280		1,306,877
Total							14,785,754
Brokerage 0.13%
Lazard Group LLC	7.125%		5/15/2015		500		543,170
Building Materials 0.44%
CRH America, Inc.	5.30%		10/15/2013		1,850		1,873,554
Chemicals 0.90%
Airgas, Inc.	7.125%		10/1/2018		500		524,427
Cabot Finance BV (Netherlands)†(b)	5.25%		9/1/2013		650		654,305
Rhodia SA (France)†(b)	6.875%		9/15/2020		1,000		1,122,405
Yara International ASA (Norway)†(b)	5.25%		12/15/2014		1,435		1,511,524
Total							3,812,661
Computer Hardware 0.24%
Hewlett-Packard Co.	1.823%	#	9/19/2014		1,000		1,009,914
Consumer/Commercial/Lease Financing 0.45%
Nordea Eiendomskreditt AS (Norway)†(b)	2.125%		9/22/2016		940		966,573
SLM Corp.	5.00%		10/1/2013		700		704,375
SLM Corp.	5.00%		6/15/2018		250		243,111
Total							1,914,059
Diversified Capital Goods 0.37%
Smiths Group plc (United Kingdom)†(b)	6.05%		5/15/2014		1,500		1,547,536
Electric: Distribution/Transportation 0.06%
SteelRiver Transmission Co. LLC†	4.71%		6/30/2017		252		259,853
Electric: Generation 0.39%
TransAlta Corp. (Canada)(b)	5.75%		12/15/2013		1,625		1,661,408
Electric: Integrated 0.53%
Black Hills Corp.	9.00%		5/15/2014		625		665,356
Duquesne Light Holdings, Inc.	5.50%		8/15/2015		500		541,865
Entergy Corp.	3.625%		9/15/2015		1,000		1,036,599
Total							2,243,820

See Notes to Financial Statements. 9

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
Energy: Exploration & Production 2.44%
Anadarko Petroleum Corp.	7.625%		3/15/2014	$	3,375	$	3,532,288
Noble Energy, Inc.	5.25%		4/15/2014		435		447,466
Petrohawk Energy Corp.	7.875%		6/1/2015		500		510,875
Petrohawk Energy Corp.	10.50%		8/1/2014		1,500		1,580,250
Plains Exploration & Production Co.	7.625%		4/1/2020		500		552,849
Talisman Energy, Inc. (Canada)(b)	5.125%		5/15/2015		1,000		1,069,009
Woodside Finance Ltd. (Australia)†(b)	4.50%		11/10/2014		1,517		1,583,595
Woodside Finance Ltd. (Australia)†(b)	5.00%		11/15/2013		1,000		1,014,693
Total							10,291,025
Food & Drug Retailers 0.51%
Safeway, Inc.	1.774%	#	12/12/2013		1,350		1,355,117
Safeway, Inc.	5.625%		8/15/2014		750		787,232
Total							2,142,349
Food: Wholesale 1.01%
Bunge Ltd. Finance Corp.	4.10%		3/15/2016		982		1,037,530
Wm. Wrigley Jr. Co.†	3.70%		6/30/2014		3,131		3,214,178
Total							4,251,708
Gaming 0.63%
Seminole Indian Tribe of Florida†	7.75%		10/1/2017		2,500		2,665,625
Gas Distribution 2.34%
Buckeye Partners LP	4.625%		7/15/2013		2,000		2,002,362
DCP Midstream LLC†	9.70%		12/1/2013		850		880,087
Energy Transfer Partners LP	6.00%		7/1/2013		2,000		2,000,000
Energy Transfer Partners LP	6.125%		2/15/2017		425		478,923
Energy Transfer Partners LP	8.50%		4/15/2014		800		846,502
Southeast Supply Header LLC†	4.85%		8/15/2014		1,500		1,549,358
Sunoco Logistics Partners Operations LP	8.75%		2/15/2014		2,000		2,095,244
Total							9,852,476
Hotels 0.68%
Host Hotels & Resorts LP	6.00%		11/1/2020		2,350		2,533,265
Wyndham Worldwide Corp.	6.00%		12/1/2016		292		326,029
Total							2,859,294
Insurance Brokerage 0.19%
Willis North America, Inc.	5.625%		7/15/2015		750		805,192

10 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
Life Insurance 0.33%
Coventry Health Care, Inc.	6.125%		1/15/2015	$	276	$	296,338
UnumProvident Finance Co. plc (United Kingdom)†(b)	6.85%		11/15/2015		1,000		1,114,805
Total							1,411,143
Media: Cable 0.82%
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.	4.75%		10/1/2014		1,314		1,375,489
Virgin Media Secured Finance plc (United Kingdom)(b)	6.50%		1/15/2018		2,000		2,065,000
Total							3,440,489
Media: Services 0.44%
Interpublic Group of Cos., Inc. (The)	10.00%		7/15/2017		1,750		1,846,600
Medical Products 0.98%
Bio-Rad Laboratories, Inc.	8.00%		9/15/2016		800		841,171
CareFusion Corp.	5.125%		8/1/2014		1,135		1,184,340
Life Technologies Corp.	4.40%		3/1/2015		2,000		2,093,178
Total							4,118,689
Metals/Mining (Excluding Steel) 1.68%
Anglo American Capital plc (United Kingdom)†(b)	9.375%		4/8/2014		3,214		3,407,576
Glencore Funding LLC†	1.431%	#	5/27/2016		700		682,089
Glencore Funding LLC†	6.00%		4/15/2014		1,500		1,552,905
Vale Overseas Ltd. (Brazil)(b)	9.00%		8/15/2013		500		503,100
Xstrata Finance Canada Ltd. (Canada)†(b)	2.85%		11/10/2014		900		916,522
Total							7,062,192
Oil Field Equipment & Services 0.38%
National Oilwell Varco, Inc.	6.125%		8/15/2015		750		750,915
Transocean, Inc.	2.50%		10/15/2017		300		296,771
Transocean, Inc.	5.05%		12/15/2016		500		544,146
Total							1,591,832
Pharmaceuticals 1.33%
Mylan, Inc.†	7.625%		7/15/2017		2,000		2,214,982
Mylan, Inc.†	7.875%		7/15/2020		1,750		2,020,373
Warner Chilcott Co. LLC/Warner Chilcott Finance LLC (Puerto Rico)	7.75%		9/15/2018		1,250		1,356,250
Total							5,591,605

See Notes to Financial Statements. 11

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate	Maturity Date	Principal Amount (000)		Fair Value
Real Estate Investment Trusts 1.00%
BRE Properties, Inc.	4.697%	3/17/2014	$	1,750	$	1,792,873
Hospitality Properties Trust	5.125%	2/15/2015		1,628		1,686,309
Kilroy Realty LP	5.00%	11/3/2015		350		378,044
ProLogis LP	6.125%	12/1/2016		50		56,380
Regency Centers LP	5.25%	8/1/2015		262		281,926
Total						4,195,532
Software/Services 0.59%
Fidelity National Information Services, Inc.	7.875%	7/15/2020		2,250		2,481,138
Specialty Retail 0.74%
QVC, Inc.†	7.375%	10/15/2020		2,688		2,933,732
QVC, Inc.†	7.50%	10/1/2019		150		163,130
Total						3,096,862
Support: Services 0.20%
Western Union Co. (The)	2.875%	12/10/2017		850		853,068
Telecommunications: Integrated/Services 0.79%
Qwest Communications International, Inc.	7.125%	4/1/2018		1,500		1,559,063
Qwest Corp.	7.50%	10/1/2014		1,000		1,076,686
Qwest Corp.	7.625%	6/15/2015		625		692,314
Total						3,328,063
Telecommunications: Wireless 0.51%
Cellco Partnership/Verizon Wireless Capital LLC	5.55%	2/1/2014		2,075		2,130,560
Transportation (Excluding Air/Rail) 0.12%
Penske Truck Leasing Co. LP/PTL Finance Corp.†	3.75%	5/11/2017		500		523,620
Total Corporate Bonds (cost $107,654,480)						107,450,468
FOREIGN BOND(c) 0.40%
Netherlands
Ziggo Finance BV† (cost $1,654,047)	6.125%	11/15/2017	EUR	1,250		1,694,178
FOREIGN GOVERNMENT OBLIGATION 0.08%
Brazil
Republic of Brazil(b) (cost $321,291)	8.00%	1/15/2018	$	278		314,583

12 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
GOVERNMENT SPONSORED ENTERPRISES BOND 0.14%
Federal Home Loan Mortgage Corp. (cost $623,743)	0.875%		3/7/2018	$	625	$	605,489
GOVERNMENT SPONSORED ENTERPRISES COLLATERALIZED MORTGAGE OBLIGATIONS 2.71%
Federal Home Loan Mortgage Corp. K005 A1	3.484%		4/25/2019		1,510		1,610,493
Federal Home Loan Mortgage Corp. K006 A1	3.398%		7/25/2019		1,555		1,659,721
Federal Home Loan Mortgage Corp. K007 A1	3.342%		12/25/2019		1,999		2,131,306
Federal Home Loan Mortgage Corp. K008 A1	2.746%		12/25/2019		710		743,374
Federal Home Loan Mortgage Corp. K009 A1	2.757%		5/25/2020		803		840,970
Federal Home Loan Mortgage Corp. K706 A1	1.691%		6/25/2018		638		649,616
Federal National Mortgage Assoc. 2011-M3 A1	2.072%		7/25/2021		740		758,513
Federal National Mortgage Assoc. 2011-M8 A1	1.977%		8/25/2021		1,795		1,817,010
Federal National Mortgage Assoc. 2012-M2 A1	1.824%		2/25/2022		696		698,154
Federal National Mortgage Assoc. 2013-M5 ASQ2	0.595%		8/25/2015		525		524,653
Total Government Sponsored Enterprises Collateralized Mortgage Obligations (cost $11,094,695)							11,433,810
GOVERNMENT SPONSORED ENTERPRISES PASS-THROUGHS 13.19%
Federal Home Loan Mortgage Corp.	2.423%	#	6/1/2038		291		310,375
Federal Home Loan Mortgage Corp.	2.444%	#	10/1/2035		784		829,520
Federal Home Loan Mortgage Corp.	2.462%	#	6/1/2037		1,237		1,311,953
Federal Home Loan Mortgage Corp.	2.535%	#	2/1/2038		954		1,020,916
Federal Home Loan Mortgage Corp.	2.609%	#	4/1/2038		1,162		1,235,129
Federal Home Loan Mortgage Corp.	2.626%	#	8/1/2038		224		238,224
Federal Home Loan Mortgage Corp.	2.628%	#	12/1/2035		1,112		1,181,969
Federal Home Loan Mortgage Corp.	2.64%	#	2/1/2038		655		703,157
Federal Home Loan Mortgage Corp.	2.652%	#	12/1/2035		760		813,203
Federal Home Loan Mortgage Corp.	2.691%	#	3/1/2038		787		837,678
Federal Home Loan Mortgage Corp.	2.705%	#	3/1/2036		741		788,149
Federal Home Loan Mortgage Corp.	2.708%	#	12/1/2037		528		561,683
Federal Home Loan Mortgage Corp.	2.728%	#	4/1/2037		644		685,892

See Notes to Financial Statements. 13

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
GOVERNMENT SPONSORED ENTERPRISES PASS-THROUGHS (continued)
Federal Home Loan Mortgage Corp.	2.739%	#	5/1/2036	$	569	$	605,645
Federal Home Loan Mortgage Corp.	2.744%	#	10/1/2039		690		733,716
Federal Home Loan Mortgage Corp.	2.793%	#	4/1/2037		288		306,542
Federal Home Loan Mortgage Corp.	2.825%	#	2/1/2035		1,993		2,123,908
Federal Home Loan Mortgage Corp.	2.833%	#	5/1/2035		503		537,573
Federal Home Loan Mortgage Corp.	2.858%	#	11/1/2038		1,092		1,158,623
Federal Home Loan Mortgage Corp.	2.859%	#	12/1/2036		983		1,049,039
Federal Home Loan Mortgage Corp.	2.948%	#	9/1/2036		890		951,551
Federal Home Loan Mortgage Corp.	2.988%	#	2/1/2037		1,088		1,167,087
Federal Home Loan Mortgage Corp.	3.099%	#	10/1/2038		461		492,749
Federal Home Loan Mortgage Corp.	4.418%	#	9/1/2037		554		589,296
Federal Home Loan Mortgage Corp.	5.00%		5/1/2021		163		174,331
Federal Home Loan Mortgage Corp.	5.064%	#	7/1/2036		332		357,926
Federal Home Loan Mortgage Corp.	5.155%	#	6/1/2037		461		491,240
Federal Home Loan Mortgage Corp.	5.512%	#	7/1/2038		926		985,668
Federal National Mortgage Assoc.	1.793%	#	8/1/2037		337		354,367
Federal National Mortgage Assoc.	2.02%	#	6/1/2037		346		362,723
Federal National Mortgage Assoc.	2.06%	#	1/1/2035		907		959,125
Federal National Mortgage Assoc.	2.061%	#	11/1/2034		982		1,033,377
Federal National Mortgage Assoc.	2.257%	#	6/1/2038		1,034		1,099,925
Federal National Mortgage Assoc.	2.372%	#	1/1/2038		529		566,146
Federal National Mortgage Assoc.	2.398%	#	3/1/2038		306		329,825
Federal National Mortgage Assoc.	2.405%	#	11/1/2036		229		244,519
Federal National Mortgage Assoc.	2.476%	#	3/1/2039		517		549,460
Federal National Mortgage Assoc.	2.488%	#	2/1/2036		502		533,888
Federal National Mortgage Assoc.	2.505%	#	12/1/2035		850		900,055
Federal National Mortgage Assoc.	2.506%	#	1/1/2036		1,718		1,824,687
Federal National Mortgage Assoc.	2.546%	#	8/1/2037		588		624,346
Federal National Mortgage Assoc.	2.553%	#	11/1/2036		2,041		2,176,923
Federal National Mortgage Assoc.	2.611%	#	9/1/2038		441		468,499
Federal National Mortgage Assoc.	2.621%	#	1/1/2038		559		597,628
Federal National Mortgage Assoc.	2.684%	#	7/1/2035		726		773,526
Federal National Mortgage Assoc.	2.693%	#	2/1/2038		273		290,389
Federal National Mortgage Assoc.	2.708%	#	6/1/2038		234		249,705
Federal National Mortgage Assoc.	2.726%	#	4/1/2040		1,899		2,021,687
Federal National Mortgage Assoc.	2.803%	#	11/1/2038		796		848,188
Federal National Mortgage Assoc.	2.804%	#	12/1/2038		292		312,623
Federal National Mortgage Assoc.	2.811%	#	10/1/2036		841		892,440

14 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
GOVERNMENT SPONSORED ENTERPRISES PASS-THROUGHS (continued)
Federal National Mortgage Assoc.	2.898%	#	9/1/2037	$	238	$	253,771
Federal National Mortgage Assoc.	2.95%		3/1/2015		1,000		1,030,233
Federal National Mortgage Assoc.	3.18%		11/1/2014		1,137		1,164,720
Federal National Mortgage Assoc.	3.255%	#	8/1/2038		303		324,913
Federal National Mortgage Assoc.	3.723%	#	8/1/2038		723		776,692
Federal National Mortgage Assoc.	4.50%		11/1/2018		5,137		5,468,170
Federal National Mortgage Assoc.	5.294%	#	9/1/2037		366		394,284
Federal National Mortgage Assoc.	5.50%		2/1/2034		1,313		1,437,404
Federal National Mortgage Assoc.	5.50%		11/1/2034		1,439		1,577,851
Federal National Mortgage Assoc.	5.50%		8/1/2037		2,631		2,869,734
Total Government Sponsored Enterprises Pass-Throughs (cost $55,439,180)							55,554,565
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 22.78%
7 WTC Depositor LLC Trust 2012-7WTC A†	4.082%		3/13/2031		191		199,648
Americold LLC Trust 2010-ARTA A1†	3.847%		1/14/2029		481		503,560
Arkle Master Issuer plc 2010-2A 1A1†	1.674%	#	5/17/2060		400		400,820
Arkle Master Issuer plc 2011-1A 2A†	1.524%	#	5/17/2060		400		400,721
Banc of America Commercial Mortgage, Inc. 2005-2 AAB	4.742%		7/10/2043		97		97,066
Banc of America Re-REMIC Trust 2011-STRP A3†	2.415%		11/17/2039		750		749,385
Banc of America Re-REMIC Trust 2011-STRP A4†	1.501%		5/17/2046		412		412,719
CFCRE Commercial Mortgage Trust 2011-C2 A2	3.061%		12/15/2047		400		417,239
Citigroup Commercial Mortgage Trust 2005-C3 A2	4.639%		5/15/2043		10		9,563
Commercial Mortgage Pass-Through Certificates 2007-C9 AM	5.65%		12/10/2049		1,230		1,360,282
Commercial Mortgage Pass-Through Certificates 2007-FL14 AJ†	0.373%	#	6/15/2022		829		822,180
Commercial Mortgage Pass-Through Certificates 2010-C1 A1†	3.156%		7/10/2046		1,652		1,719,476
Commercial Mortgage Pass-Through Certificates 2011-FL1 C†	3.553%	#	7/17/2028		358		361,371
Commercial Mortgage Pass-Through Certificates 2012-9W57 A†	2.365%		2/10/2029		2,135		2,185,420
Commercial Mortgage Pass-Through Certificates 2012-9W57 X†	1.525%	#	2/10/2029		8,000		382,404
Commercial Mortgage Pass-Through Certificates 2012-CR1 A1	1.116%		5/15/2045		1,205		1,208,454

See Notes to Financial Statements. 15

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)
Commercial Mortgage Pass-Through Certificates 2012-CR3 A2	1.765%		10/15/2045	$	2,210	$	2,197,836
Commercial Mortgage Pass-Through Certificates 2012-FL2 A†	2.32%	#	9/17/2029		2,230		2,255,287
Commercial Mortgage Pass-Through Certificates 2013-CR6 A2	2.122%		3/10/2046		2,200		2,210,550
Commercial Mortgage Pass-Through Certificates 2013-LC6 A2	1.906%		1/10/2046		2,000		1,991,197
Credit Suisse Mortgage Capital Certificates 2006-C3 A3	5.989%	#	6/15/2038		1,520		1,678,347
Credit Suisse Mortgage Capital Certificates 2006-C5 A3	5.311%		12/15/2039		683		752,534
Credit Suisse Mortgage Capital Certificates 2013-TH1 A1†	2.13%		2/25/2043		671		632,715
DBUBS Mortgage Trust 2011-LC1A A1†	3.742%		11/10/2046		2,252		2,383,738
DBUBS Mortgage Trust 2011-LC2A A1†	3.527%		7/10/2044		1,184		1,261,941
DBUBS Mortgage Trust 2011-LC2A A2†	3.386%		7/10/2044		1,205		1,270,904
DBUBS Mortgage Trust 2011-LC3A A2	3.642%		8/10/2044		1,850		1,958,358
DDR Corp. 2009-DDR1 A†	3.807%		10/14/2022		2,137		2,200,825
DDR Corp. 2009-DDR1 B†	5.73%		10/14/2022		500		522,448
Del Coronado Trust 2013 HDC A†	0.993%	#	3/15/2026		1,200		1,198,516
Extended Stay America Trust 2013-ESH7 B7†	3.604%		12/5/2031		1,000		957,292
Extended Stay America Trust 2013-ESH7 C7†	3.902%		12/5/2031		1,030		989,341
Fosse Master Issuer plc 2012-1A 2A2†	1.677%	#	10/18/2054		300		305,355
Fosse Master Issuer plc 2012-1A 2B1†	2.227%	#	10/18/2054		350		356,362
GMAC Commercial Mortgage Securities, Inc. 2003-C2 A2	5.637%	#	5/10/2040		269		268,846
Granite Master Issuer plc 2005-1 A4	0.392%	#	12/20/2054		597		579,102
Granite Master Issuer plc 2005-2 A6	0.452%	#	12/20/2054		318		308,658
Granite Master Issuer plc 2006-4 A4	0.292%	#	12/20/2054		470		455,755
Granite Master Issuer plc 2007-1 3A1	0.392%	#	12/20/2054		112		108,803
Greenwich Capital Commercial Funding Corp. 2007-GG9 A2	5.381%		3/10/2039		634		653,408
GS Mortgage Securities Corp. II 2005-GG4 AABA	4.68%		7/10/2039		205		206,570
GS Mortgage Securities Corp. II 2007-EOP B†	1.731%		3/6/2020		615		616,550
GS Mortgage Securities Corp. II 2010-C1 A1†	3.679%		8/10/2043		1,173		1,245,338
GS Mortgage Securities Corp. II 2010-C2 A1†	3.849%		12/10/2043		1,676		1,783,509
GS Mortgage Securities Corp. II 2011-ALF B†	3.215%		2/10/2021		500		504,100

16 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)
GS Mortgage Securities Corp. II 2011-GC3 A1†	2.331%		3/10/2044	$	804	$	815,899
GS Mortgage Securities Corp. II 2011-GC3 A2†	3.645%		3/10/2044		1,600		1,691,123
GS Mortgage Securities Corp. II 2011-GC5 A2	2.999%		8/10/2044		1,000		1,043,828
GS Mortgage Securities Corp. II 2013-KYO C†	1.943%	#	11/8/2029		700		695,239
GS Mortgage Securities Trust 2012-GCJ7 A1	1.144%		5/10/2045		1,212		1,216,516
Holmes Master Issuer plc 2010-1A A2†	1.677%	#	10/15/2054		369		371,139
JPMorgan Chase Commercial Mortgage Securities Corp. 2004-LN2 A1	4.475%		7/15/2041		268		268,006
JPMorgan Chase Commercial Mortgage Securities Corp. 2006-LDP9 A3	5.336%		5/15/2047		1,399		1,546,706
JPMorgan Chase Commercial Mortgage Securities Corp. 2007-LD11 A2	5.988%	#	6/15/2049		586		601,066
JPMorgan Chase Commercial Mortgage Securities Corp. 2007-LDPX A2SF	0.323%	#	1/15/2049		407		405,351
JPMorgan Chase Commercial Mortgage Securities Corp. 2010-C2 A1†	2.749%		11/15/2043		1,773		1,832,346
JPMorgan Chase Commercial Mortgage Securities Corp. 2011-PLSD A2†	3.364%		11/13/2044		2,000		2,100,656
JPMorgan Chase Commercial Mortgage Securities Corp. 2012-C8 A2	1.797%		10/15/2045		2,250		2,245,006
JPMorgan Chase Commercial Mortgage Securities Corp. 2012-LC9 A2	1.677%		12/15/2047		1,100		1,091,046
Merrill Lynch Floating Trust 2008-LAQA A1†	0.731%	#	7/9/2021		739		737,303
Merrill Lynch Floating Trust 2008-LAQA A2†	0.731%	#	7/9/2021		2,250		2,203,170
Merrill Lynch Mortgage Trust 2005-CIP1 A2	4.96%		7/12/2038		197		199,101
Merrill Lynch Mortgage Trust 2005-MKB2 A2	4.806%		9/12/2042		3		2,638
Merrill Lynch Mortgage Trust 2007-C1 A2FL†	0.503%	#	6/12/2050		135		133,759
Merrill Lynch/Countrywide Commercial Mortgage Trust 2006-4 AM	5.204%		12/12/2049		1,100		1,187,102
Merrill Lynch/Countrywide Commercial Mortgage Trust 2007-7 A3FL†	0.409%	#	6/12/2050		161		160,243
Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5 A2	1.972%		8/15/2045		680		686,090
Morgan Stanley Bank of America Merrill Lynch Trust 2012-C6 A2	1.868%		11/15/2045		2,210		2,214,846
Morgan Stanley Bank of America Merrill Lynch Trust 2012-CKSV A1†	2.117%		10/15/2030		416		412,944
Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9 A2	1.97%		5/15/2046		1,720		1,714,167
Morgan Stanley Capital I 2006-T21 A2	5.09%		10/12/2052		3		3,465
Morgan Stanley Capital I 2007-HQ12 A3	5.763%	#	4/12/2049		955		957,990

See Notes to Financial Statements. 17

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)
Morgan Stanley Capital I 2011-C1 A2†	3.884%		9/15/2047	$	1,515	$	1,607,107
Morgan Stanley Capital I 2011-C2 A2†	3.476%		6/15/2044		750		792,745
Morgan Stanley Capital I 2012-STAR A1†	2.084%		8/5/2034		931		917,650
Morgan Stanley Re-REMIC Trust 2010-C30A A3A†	3.25%		12/17/2043		3		3,390
RBSCF Trust 2010-MB1 A2†	3.686%		4/15/2024		1,580		1,639,180
RBSCF Trust 2010-RR3 WBTB†	6.122%	#	2/16/2051		1,500		1,674,085
Sequoia Mortgage Trust 2012-4 A3	2.069%		9/25/2042		508		487,428
Sequoia Mortgage Trust 2012-6 A2	1.808%		12/25/2042		1,004		935,382
Sequoia Mortgage Trust 2013-2 A1	1.874%		2/25/2043		711		643,638
Silverstone Master Issuer plc 2011-1A†	1.826%	#	1/21/2055		400		406,280
UBS-Barclays Commercial Mortgage Trust 2012-C2 A2	2.113%		5/10/2063		2,100		2,125,220
UBS-Barclays Commercial Mortgage Trust 2012-C4 A2	1.712%		12/10/2045		1,000		991,172
Vornado DP LLC 2010-VNO A1†	2.97%		9/13/2028		763		797,159
Wachovia Bank Commercial Mortgage Trust 2005-C18 APB	4.807%		4/15/2042		307		315,434
Wachovia Bank Commercial Mortgage Trust 2006-C27 A3	5.765%		7/15/2045		713		771,920
Wachovia Bank Commercial Mortgage Trust 2006-C27 AM	5.795%		7/15/2045		645		705,290
Wachovia Bank Commercial Mortgage Trust 2007-C30 A3	5.246%		12/15/2043		288		295,938
Wells Fargo Commercial Mortgage Trust 2012-LC5 A2	1.844%		10/15/2045		540		536,789
WF-RBS Commercial Mortgage Trust 2011-C2 A2†	3.791%		2/15/2044		1,500		1,587,194
WF-RBS Commercial Mortgage Trust 2011-C4 A1†	1.607%		6/15/2044		696		702,855
WF-RBS Commercial Mortgage Trust 2011-C5 A3	3.526%		11/15/2044		1,000		1,039,861
WF-RBS Commercial Mortgage Trust 2012-C10 A2	1.765%		12/15/2045		420		415,089
WF-RBS Commercial Mortgage Trust 2012-C7 A1	2.30%		6/15/2045		496		496,371
WF-RBS Commercial Mortgage Trust 2012-C8 A2	1.881%		8/15/2045		1,430		1,426,228
WF-RBS Commercial Mortgage Trust 2012-C9 A2	1.829%		11/15/2045		595		589,973

18 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate	Maturity Date	Principal Amount (000)		Fair Value
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)
WF-RBS Commercial Mortgage Trust 2013-C11 A2	2.029%	3/15/2045	$	2,200	$	2,207,518
WF-RBS Commercial Mortgage Trust 2013-C12 A2	2.072%	3/15/2048		2,225		2,217,051
Total Non-Agency Commercial Mortgage-Backed Securities (cost $96,996,426)						95,949,185
Total Long-Term Investments (cost $316,957,488)						316,039,591
SHORT-TERM INVESTMENTS 18.82%
COMMERCIAL PAPER 2.79%
Automotive 0.12%
Daimler Finance North America LLC	Zero Coupon	7/22/2013		500		499,694
Consumer Cyclical 0.53%
Newell Rubbermaid, Inc.	Zero Coupon	8/30/2013		1,500		1,498,651
Safeway, Inc.	Zero Coupon	11/29/2013		750		747,396
Total						2,246,047
Consumer Non-Cyclical 0.06%
Avon Capital Corp.	Zero Coupon	10/28/2013		250		249,523
Energy 1.48%
BP Capital Markets plc	Zero Coupon	8/12/2013		2,000		1,998,670
Weatherford International Ltd.	Zero Coupon	7/8/2013		1,250		1,249,733
Weatherford International Ltd.	Zero Coupon	9/10/2013		1,500		1,498,985
Weatherford International Ltd.	Zero Coupon	8/20/2013		1,500		1,497,625
Total						6,245,013
Telecommunications 0.36%
Vodafone Group plc	Zero Coupon	9/9/2013		500		499,668
Vodafone Group plc	Zero Coupon	7/31/2013		1,000		999,067
Total						1,498,735
Utility 0.24%
Entergy Corp.	Zero Coupon	7/22/2013		500		499,732
Entergy Corp.	Zero Coupon	8/12/2013		500		499,457
Total						999,189
Total Commercial Paper (cost $11,733,085)						11,738,201
CORPORATE BONDS 5.61%
Banking 0.85%
Morgan Stanley	4.75%	4/1/2014		3,500		3,576,713

See Notes to Financial Statements. 19

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
Beverages 0.02%
SABMiller plc (United Kingdom)†(b)	5.50%		8/15/2013	$	100	$	100,576
Diversified Capital Goods 0.36%
Ingersoll-Rand Global Holding Co. Ltd.	6.00%		8/15/2013		1,000		1,006,349
Leucadia National Corp.	7.00%		8/15/2013		500		503,625
Total							1,509,974
Electric: Integrated 0.33%
Cleveland Electric Illuminating Co. (The)	5.65%		12/15/2013		390		398,259
Great Plains Energy, Inc.	2.75%		8/15/2013		1,000		1,002,154
Total							1,400,413
Electronics 0.31%
Avnet, Inc.	5.875%		3/15/2014		1,250		1,289,182
Energy: Exploration & Production 0.72%
Canadian Oil Sands Ltd. (Canada)†(b)	5.80%		8/15/2013		3,000		3,016,371
Gas Distribution 0.44%
Panhandle Eastern Pipe Line Co. LP	6.05%		8/15/2013		1,850		1,861,120
Machinery 0.14%
Roper Industries, Inc.	6.625%		8/15/2013		575		578,816
Media: Cable 0.59%
Time Warner Cable, Inc.	6.20%		7/1/2013		2,500		2,500,000
Medical Products 0.19%
Agilent Technologies, Inc.	2.50%		7/15/2013		535		535,336
DENTSPLY International, Inc.	1.775%	#	8/15/2013		250		250,335
Total							785,671
Metals/Mining (Excluding Steel) 0.16%
Anglo American Capital plc (United Kingdom)†(b)	2.15%		9/27/2013		685		687,027
Multi-Line Insurance 0.38%
Hartford Financial Services Group, Inc.	4.625%		7/15/2013		1,250		1,251,909
Hartford Financial Services Group, Inc.	4.75%		3/1/2014		350		358,532
Total							1,610,441
Real Estate Investment Trusts 0.30%
Camden Property Trust	5.375%		12/15/2013		1,250		1,275,245

20 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Investments	Interest Rate	Maturity Date	Principal Amount (000)		Fair Value
Software/Services 0.18%
HP Enterprise Services LLC	6.00%	8/1/2013	$	750	$	753,009
Specialty Retail 0.06%
Best Buy Co., Inc.	7.25%	7/15/2013		250		251,563
Telecommunications: Integrated/Services 0.36%
Deutsche Telekom International Finance BV (Netherlands)(b)	5.875%	8/20/2013		1,500		1,510,312
Tobacco 0.22%
BAT International Finance plc (United Kingdom)†(b)	8.125%	11/15/2013		400		410,352
Universal Corp.	5.20%	10/15/2013		500		504,897
Total						915,249
Total Corporate Bonds (cost $23,643,875)						23,621,682
FOREIGN GOVERNMENT OBLIGATIONS(c) 10.42%
Hungary 3.14%
Hungary Treasury Bill	Zero Coupon	7/24/2013	HUF	3,000,000		13,232,847
Nigeria 1.08%
Nigeria Treasury Bill	Zero Coupon	11/21/2013	NGN	775,075		4,524,410
Turkey 6.20%
Turkey Government Bond	Zero Coupon	9/11/2013	TRY	34,500		17,693,078
Turkey Government Bond	10.00%	12/4/2013	TRY	16,000		8,433,453
Total						26,126,531
Total Foreign Government Obligations (cost $45,099,816)						43,883,788
Total Short-Term Investments (cost $80,476,776)						79,243,671
Total Investments in Securities 93.85% (cost $397,434,264)						395,283,262
Cash, Foreign Cash and Other Assets in Excess of Liabilities(d) 6.15%						25,919,455
Net Assets 100.00%					$	421,202,717

EUR	euro.
HUF	Hungarian forint.
NGN	Nigerian naira.
TRY	Turkish lira.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers.
#	Variable rate security. The interest rate represents the rate in effect at June 30, 2013.
(a)	Security has been fully or partially segregated to cover margin requirements for open futures contracts as of June 30, 2013.
(b)	Foreign security traded in U.S. dollars.
(c)	Investment in non-U.S. dollar denominated securities.
(d)	Cash, Foreign Cash and Other Assets in Excess of Liabilities include net unrealized appreciation/depreciation on credit default swaps, forward foreign currency exchange contracts and futures contracts as follows:

See Notes to Financial Statements. 21

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Credit Default Swaps on Indexes - Sell Protection at June 30, 2013⁽¹⁾:

Swap Counterparty	Fund Receives	Referenced Index	Termination Date	Notional Amount		Fair Value(2)		Upfront Payments Received(3)		Unrealized Appreciation
		Markit CMBX.
UBS AG	.07%	NA.AAA.2	3/15/2049		$1,300,000		$1,262,976		$ 70,851		$33,827

Swap Counterparty	Fund Receives	Referenced Index	Termination Date	Notional Amount		Fair Value(2)		Upfront Payments Received(3)		Unrealized Depreciation
		Markit CMBX.
Credit Suisse	.07%	NA.AAA.2	3/15/2049		$500,000		$485,760		$12,335		$(1,905)
		Markit CMBX.
Morgan Stanley	.07%	NA.AAA.2	3/15/2049		500,000		485,760		14,180		(60)
		Markit CMBX.
Credit Suisse	.08%	NA.AAA.3	12/13/2049		1,000,000		958,930		35,782		(5,288)
Unrealized Depreciation on Credit Default Swaps on Indexes											$(7,253)

(1)	If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities.
(2)	Fair value serves as the indicator of the current status of payment/performance risk.
(3)	Total upfront payments received amount to $133,148. Upfront payments received are presented net of amortization (See Note 2(n)).

Open Forward Foreign Currency Exchange Contracts at June 30, 2013:

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation
Argentine peso	Buy	J.P. Morgan	8/12/2013	47,800,000	$	8,237,829	$	8,552,131	$	314,302
Argentine peso	Buy	UBS AG	10/2/2013	18,800,000		3,219,178		3,327,286		108,108
Argentine peso	Buy	UBS AG	7/5/2013	25,400,000		4,402,080		4,702,784		300,704
Argentine peso	Buy	UBS AG	9/9/2013	100,000,000		17,241,379		17,577,435		336,056
Colombian peso	Buy	J.P. Morgan	10/3/2013	984,000,000		505,718		507,364		1,646
Hungarian forint	Buy	Barclays Bank plc	8/12/2013	1,895,000,000		8,256,361		8,328,501		72,140
Hungarian forint	Buy	Deutsche Bank	7/5/2013	149,000,000		651,219		657,364		6,145
Hungarian forint	Buy	Goldman Sachs	7/5/2013	1,080,000,000		4,619,797		4,764,786		144,989
Hungarian forint	Buy	Goldman Sachs	8/12/2013	87,000,000		380,116		382,364		2,248
Hungarian forint	Buy	J.P. Morgan	9/9/2013	895,000,000		3,870,751		3,922,969		52,218
Indonesian rupiah	Buy	J.P. Morgan	8/16/2013	6,750,000,000		641,513		661,775		20,262
Indonesian rupiah	Buy	J.P. Morgan	7/5/2013	166,500,000,000		16,633,367		16,738,281		104,914
Romanian new leu	Buy	J.P. Morgan	7/5/2013	8,760,000		2,517,799		2,553,026		35,227
Romanian new leu	Buy	UBS AG	7/5/2013	29,500,000		8,589,314		8,597,518		8,204
South African rand	Buy	Deutsche Bank	9/9/2013	205,500,000		20,165,841		20,584,500		418,659
South African rand	Buy	Goldman Sachs	9/9/2013	44,305,000		4,336,881		4,437,938		101,057
Thai baht	Buy	J.P. Morgan	9/9/2013	116,700,000		3,724,864		3,749,361		24,497

22 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation
Argentine peso	Sell	UBS AG	7/5/2013	5,575,000	$	1,034,323	$	1,032,205	$	2,118
Argentine peso	Sell	UBS AG	7/5/2013	17,330,000		3,209,259		3,208,632		627
Brazilian real	Sell	Barclays Bank plc	7/5/2013	1,680,000		773,908		752,395		21,513
Brazilian real	Sell	Barclays Bank plc	7/5/2013	9,326,000		4,309,612		4,176,689		132,923
Brazilian real	Sell	Barclays Bank plc	7/5/2013	18,494,000		8,370,220		8,282,616		87,604
Chilean peso	Sell	Deutsche Bank	7/5/2013	3,348,000,000		6,616,601		6,586,402		30,199
Chilean peso	Sell	J.P. Morgan	7/5/2013	657,000,000		1,296,267		1,292,493		3,774
Colombian peso	Sell	Goldman Sachs	7/5/2013	4,627,000,000		2,415,557		2,407,308		8,249
Colombian peso	Sell	Goldman Sachs	7/5/2013	826,000,000		431,106		429,746		1,360
Czech koruna	Sell	Deutsche Bank	9/23/2013	144,000,000		7,512,642		7,208,163		304,479
euro	Sell	Barclays Bank plc	8/12/2013	9,900,000		12,937,518		12,888,501		49,017
euro	Sell	Goldman Sachs	7/17/2013	263,000		344,580		342,354		2,226
euro	Sell	Morgan Stanley	9/20/2013	465,000		622,861		605,479		17,382
Hungarian forint	Sell	Barclays Bank plc	7/5/2013	160,000,000		709,159		705,894		3,265
Hungarian forint	Sell	J.P. Morgan	8/12/2013	398,000,000		1,749,973		1,749,205		768
Hungarian forint	Sell	UBS AG	7/5/2013	1,069,000,000		4,793,771		4,716,255		77,516
Indian rupee	Sell	J.P. Morgan	7/5/2013	41,000,000		697,481		689,272		8,209
Mexican peso	Sell	Barclays Bank plc	7/5/2013	3,950,000		308,539		304,763		3,776
Mexican peso	Sell	Barclays Bank plc	7/5/2013	142,470,000		11,131,327		10,992,284		139,043
Mexican peso	Sell	Morgan Stanley	8/12/2013	3,900,000		303,842		299,892		3,950
Philippine peso	Sell	Barclays Bank plc	7/5/2013	28,000,000		653,046		648,429		4,617
Polish zloty	Sell	J.P. Morgan	7/5/2013	1,535,000		474,202		461,886		12,316
Polish zloty	Sell	Morgan Stanley	7/5/2013	7,030,000		2,143,412		2,115,349		28,063
Romanian new leu	Sell	J.P. Morgan	7/5/2013	19,860,000		5,994,567		5,788,024		206,543
Russian ruble	Sell	J.P. Morgan	7/5/2013	16,100,000		493,766		489,825		3,941
Singapore dollar	Sell	Credit Suisse	9/9/2013	8,350,000		6,594,566		6,588,565		6,001
South African rand	Sell	Goldman Sachs	8/12/2013	6,150,000		619,965		618,481		1,484
South Korean won	Sell	UBS AG	7/5/2013	372,500,000		327,047		326,107		940
Taiwan dollar	Sell	Deutsche Bank	7/5/2013	142,250,000		4,773,490		4,746,500		26,990
Taiwan dollar	Sell	J.P. Morgan	7/5/2013	138,800,000		4,656,156		4,631,383		24,773
Turkish lira	Sell	J.P. Morgan	7/5/2013	1,560,000		819,830		808,337		11,493
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts									$	3,276,535

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Depreciation
Brazilian real	Buy	Barclays Bank plc	10/2/2013	18,800,000	$	8,358,527	$	8,269,188	$	(89,339	)
Brazilian real	Buy	Deutsche Bank	8/12/2013	27,500,000		13,477,089		12,217,200		(1,259,889	)
Brazilian real	Buy	Goldman Sachs	8/12/2013	590,000		287,393		262,114		(25,279	)
Brazilian real	Buy	J.P. Morgan	8/12/2013	1,055,000		512,708		468,696		(44,012	)
Brazilian real	Buy	Morgan Stanley	7/5/2013	29,500,000		14,414,855		13,211,700		(1,203,155	)
Brazilian real	Buy	Morgan Stanley	8/12/2013	1,540,000		753,757		684,163		(69,594	)

See Notes to Financial Statements. 23

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Depreciation
Brazilian real	Buy	UBS AG	9/9/2013	25,510,000	$	12,022,811	$	11,275,851	$	(746,960	)
Chilean peso	Buy	Credit Suisse	8/12/2013	1,060,000,000		2,229,467		2,072,022		(157,445	)
Chilean peso	Buy	Credit Suisse	9/9/2013	9,300,000,000		18,693,467		18,105,532		(587,935	)
Chilean peso	Buy	Goldman Sachs	8/12/2013	332,500,000		699,592		649,950		(49,642	)
Chilean peso	Buy	J.P. Morgan	10/2/2013	666,000,000		1,296,376		1,292,200		(4,176	)
Chilean peso	Buy	Morgan Stanley	7/5/2013	7,630,000,000		15,953,999		15,010,230		(943,769	)
Colombian peso	Buy	Credit Suisse	8/12/2013	19,000,000,000		10,256,410		9,848,322		(408,088	)
Colombian peso	Buy	Deutsche Bank	8/12/2013	12,821,000,000		6,930,270		6,645,544		(284,726	)
Colombian peso	Buy	Deutsche Bank	9/9/2013	18,250,000,000		9,517,105		9,433,304		(83,801	)
Colombian peso	Buy	Goldman Sachs	7/5/2013	6,858,000,000		3,744,778		3,568,040		(176,738	)
Colombian peso	Buy	Goldman Sachs	8/12/2013	965,000,000		522,045		500,191		(21,854	)
euro	Buy	Barclays Bank plc	8/12/2013	4,285,000		5,610,445		5,578,508		(31,937	)
Hungarian forint	Buy	Deutsche Bank	8/12/2013	96,000,000		422,149		421,919		(230	)
Indian rupee	Buy	Barclays Bank plc	7/5/2013	311,500,000		5,625,790		5,236,785		(389,005	)
Indian rupee	Buy	Barclays Bank plc	7/5/2013	30,800,000		558,244		517,794		(40,450	)
Indian rupee	Buy	Barclays Bank plc	8/12/2013	44,000,000		802,246		731,714		(70,532	)
Indian rupee	Buy	Barclays Bank plc	9/10/2013	1,038,000,000		18,124,673		17,178,699		(945,974	)
Indian rupee	Buy	J.P. Morgan	8/12/2013	748,000,000		13,707,165		12,439,132		(1,268,033	)
Indian rupee	Buy	Morgan Stanley	8/12/2013	31,560,000		560,578		524,838		(35,740	)
Indonesian rupiah	Buy	Barclays Bank plc	8/16/2013	54,900,000,000		5,565,129		5,382,435		(182,694	)
Indonesian rupiah	Buy	Goldman Sachs	7/5/2013	9,466,000,000		960,723		951,619		(9,104	)
Indonesian rupiah	Buy	J.P. Morgan	8/16/2013	118,000,000,000		11,919,192		11,568,805		(350,387	)
Mexican peso	Buy	J.P. Morgan	7/5/2013	33,600,000		2,692,381		2,592,411		(99,970	)
Mexican peso	Buy	J.P. Morgan	7/5/2013	56,400,000		4,568,722		4,351,546		(217,176	)
Mexican peso	Buy	J.P. Morgan	7/5/2013	56,420,000		4,585,323		4,353,090		(232,233	)
Mexican peso	Buy	J.P. Morgan	8/12/2013	135,000,000		11,058,350		10,380,875		(677,475	)
Mexican peso	Buy	J.P. Morgan	9/9/2013	175,000,000		13,555,510		13,423,509		(132,001	)
Peruvian Nuevo sol	Buy	UBS AG	9/9/2013	18,000,000		6,589,786		6,432,406		(157,380	)
Philippine peso	Buy	Barclays Bank plc	8/12/2013	530,100,000		13,005,397		12,308,824		(696,573	)
Philippine peso	Buy	Barclays Bank plc	8/12/2013	27,000,000		661,246		626,935		(34,311	)
Philippine peso	Buy	J.P. Morgan	7/5/2013	152,500,000		3,696,970		3,531,622		(165,348	)
Philippine peso	Buy	Morgan Stanley	9/9/2013	255,800,000		5,985,026		5,935,379		(49,647	)
Polish zloty	Buy	Deutsche Bank	8/12/2013	1,065,000		325,757		319,703		(6,054	)
Polish zloty	Buy	Goldman Sachs	7/5/2013	75,300,000		23,284,579		22,658,003		(626,576	)
Polish zloty	Buy	Goldman Sachs	7/5/2013	1,320,000		419,048		397,192		(21,856	)
Polish zloty	Buy	Goldman Sachs	8/12/2013	6,500,000		2,035,426		1,951,240		(84,186	)
Polish zloty	Buy	J.P. Morgan	8/12/2013	24,000,000		7,523,209		7,204,577		(318,632	)
Romanian new leu	Buy	J.P. Morgan	8/12/2013	1,230,000		371,227		356,958		(14,269	)
Russian ruble	Buy	Barclays Bank plc	8/12/2013	154,700,000		4,857,905		4,681,123		(176,782	)
Russian ruble	Buy	Deutsche Bank	8/12/2013	20,500,000		650,752		620,317		(30,435	)
Russian ruble	Buy	Deutsche Bank	8/12/2013	15,050,000		472,915		455,403		(17,512	)
Russian ruble	Buy	Goldman Sachs	7/5/2013	16,100,000		501,698		489,825		(11,873	)

24 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Depreciation
Russian ruble	Buy	Goldman Sachs	8/12/2013	11,800,000	$	372,283	$	357,060	$	(15,223	)
Russian ruble	Buy	J.P. Morgan	9/9/2013	175,000,000		5,344,327		5,269,043		(75,284	)
Russian ruble	Buy	J.P. Morgan	9/9/2013	790,000,000		24,480,942		23,785,966		(694,976	)
Singapore dollar	Buy	Deutsche Bank	9/9/2013	13,800,000		11,071,319		10,888,886		(182,433	)
South African rand	Buy	Goldman Sachs	8/12/2013	3,500,000		379,253		351,981		(27,272	)
South African rand	Buy	Goldman Sachs	8/12/2013	2,650,000		279,592		266,500		(13,092	)
South Korean won	Buy	Barclays Bank plc	8/12/2013	470,000,000		419,037		410,570		(8,467	)
South Korean won	Buy	Deutsche Bank	9/9/2013	7,117,000,000		6,255,329		6,209,764		(45,565	)
South Korean won	Buy	J.P. Morgan	8/12/2013	17,260,000,000		15,646,530		15,077,528		(569,002	)
South Korean won	Buy	Morgan Stanley	7/5/2013	372,500,000		332,515		326,107		(6,408	)
South Korean won	Buy	UBS AG	8/12/2013	742,000,000		664,733		648,176		(16,557	)
Taiwan dollar	Buy	Deutsche Bank	7/5/2013	80,000,000		2,691,790		2,669,385		(22,405	)
Thai baht	Buy	Deutsche Bank	8/16/2013	14,000,000		466,858		450,350		(16,508	)
Thai baht	Buy	J.P. Morgan	7/5/2013	45,700,000		1,555,215		1,473,325		(81,890	)
Thai baht	Buy	J.P. Morgan	8/16/2013	497,500,000		16,712,577		16,003,514		(709,063	)
Thai baht	Buy	Morgan Stanley	9/9/2013	244,000,000		7,967,347		7,839,282		(128,065	)
Thai baht	Buy	UBS AG	7/5/2013	130,740,000		4,539,568		4,214,935		(324,633	)
Turkish lira	Buy	Barclays Bank plc	7/5/2013	14,900,000		8,194,738		7,720,659		(474,079	)
Turkish lira	Buy	Barclays Bank plc	7/5/2013	8,820,000		4,868,713		4,570,216		(298,497	)
Turkish lira	Buy	Deutsche Bank	9/9/2013	4,300,000		2,269,591		2,205,714		(63,877	)
Turkish lira	Buy	Goldman Sachs	9/9/2013	8,420,000		4,430,504		4,319,096		(111,408	)
Turkish lira	Buy	J.P. Morgan	7/5/2013	1,365,000		755,648		707,295		(48,353	)
Argentine peso	Sell	UBS AG	7/5/2013	2,495,000		461,183		461,947		(764	)
Chilean peso	Sell	Deutsche Bank	7/5/2013	3,275,000,000		6,362,312		6,442,792		(80,480	)
Chilean peso	Sell	Morgan Stanley	7/5/2013	350,000,000		687,988		688,543		(555	)
Colombian peso	Sell	J.P. Morgan	7/5/2013	1,405,000,000		728,357		730,985		(2,628	)
euro	Sell	UBS AG	7/5/2013	740,000		962,191		963,232		(1,041	)
Hungarian forint	Sell	Goldman Sachs	8/12/2013	87,000,000		380,761		382,364		(1,603	)
Indian rupee	Sell	Morgan Stanley	7/5/2013	270,000,000		4,499,250		4,539,107		(39,857	)
Indonesian rupiah	Sell	Barclays Bank plc	7/5/2013	6,500,000,000		643,354		653,446		(10,092	)
Indonesian rupiah	Sell	Goldman Sachs	7/5/2013	9,466,000,000		935,958		951,619		(15,661	)
Mexican peso	Sell	J.P. Morgan	8/12/2013	4,000,000		302,644		307,581		(4,937	)
Romanian new leu	Sell	J.P. Morgan	7/5/2013	18,400,000		5,331,876		5,362,520		(30,644	)
Romanian new leu	Sell	J.P. Morgan	8/12/2013	1,230,000		354,785		356,958		(2,173	)
Russian ruble	Sell	Goldman Sachs	8/12/2013	11,800,000		355,277		357,060		(1,783	)
South African rand	Sell	Goldman Sachs	9/9/2013	3,200,000		309,614		320,537		(10,923	)
Taiwan dollar	Sell	Deutsche Bank	9/9/2013	190,500,000		6,360,601		6,360,817		(216	)
Thai baht	Sell	J.P. Morgan	7/5/2013	16,000,000		514,900		515,825		(925	)
Turkish lira	Sell	Barclays Bank plc	7/5/2013	16,275,000		8,432,210		8,433,136		(926	)
Turkish lira	Sell	Barclays Bank plc	7/5/2013	900,000		464,935		466,349		(1,414	)
Unrealized Depreciation on Forward Foreign Currency Exchange Contracts									$	(17,390,456	)

See Notes to Financial Statements. 25

Schedule of Investments (unaudited)(concluded)

EMERGING MARKETS CURRENCY FUND June 30, 2013

Open Futures Contracts at June 30, 2013:

Type	Expiration	Contracts	Position	Fair  Value			Unrealized Appreciation
U.S. 2-Year Treasury Note	September 2013	432	Short	$	(95,040,000	)		$	78,255
U.S. 5-Year Treasury Note	September 2013	513	Short		(62,097,047	)			819,918
Totals				$	(157,137,047	)		$	898,173

The following is a summary of the inputs used as of June 30, 2013 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)(3)	Level 1		Level 2			Level 3		Total
Asset-Backed Securities	$	—	$	43,037,313		$	—	$	43,037,313
Corporate Bonds		—		131,072,150			—		131,072,150
Foreign Bond		—		1,694,178			—		1,694,178
Foreign Government Obligation		—		44,198,371			—		44,198,371
Government Sponsored Enterprises Bond		—		605,489			—		605,489
Government Sponsored Enterprises Collateralized Mortgage Obligations		—		11,433,810			—		11,433,810
Government Sponsored Enterprises Pass-Throughs		—		55,554,565			—		55,554,565
Non-Agency Commercial Mortgage-Backed Securities		—		95,949,185			—		95,949,185
Commercial Paper		—		11,738,201			—		11,738,201
Total	$	—	$	395,283,262		$	—	$	395,283,262
Other Financial Instruments
Futures Contracts
Assets	$	898,173	$	—		$	—	$	898,173
Liabilities		—		—			—		—
Forward Foreign Currency Exchange Contracts
Assets		—		3,276,535			—		3,276,535
Liabilities		—		(17,390,456	)		—		(17,390,456	)
Credit Default Swaps
Assets		—		33,827			—		33,827
Liabilities		—		(7,253	)		—		(7,253	)
Total	$	898,173	$	(14,087,347	)	$	—	$	(13,189,174	)

(1)	Refer to note 2(o) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography.
(3)	There were no level transfers during the period ended June 30, 2013.

26 See Notes to Financial Statements.

Schedule of Investments (unaudited)

GLOBAL ALLOCATION FUND June 30, 2013

Investments	Shares		Fair Value (000)
INVESTMENTS IN UNDERLYING FUNDS(a) 99.89%
Lord Abbett Equity Trust- Calibrated Large Cap Value Fund - Class I (b)		50,689	$	1,038
Lord Abbett Equity Trust- Calibrated Mid Cap Value Fund - Class I (b)		713,945		14,400
Lord Abbett Global Fund, Inc.-Emerging Markets Currency Fund - Class I (c)		5,591,892		35,061
Lord Abbett Investment Trust-High Yield Fund - Class I (d)		2,790,544		21,906
Lord Abbett Securities Trust-International Dividend Income Fund - Class I (e)		9,000,551		72,094
Lord Abbett Mid Cap Stock Fund, Inc. - Class I (f)		1,845,484		37,630
Lord Abbett Investment Trust-Short Duration Income Fund - Class I (g)		962,727		4,390
Total Investments in Underlying Funds (cost $178,200,863)				186,519
Cash and Other Assets in Excess of Liabilities 0.11%				202
Net Assets 100.00%			$	186,721

(a)	Affiliated issuers (See Note 12).
(b)	Fund investment objective is total return.
(c)	Fund investment objective is to seek high total return.
(d)	Fund investment objective is to seek a high current income and the opportunity for capital appreciation to produce a high total return.
(e)	Fund investment objective is to seek a high level of total return.
(f)	Fund investment objective is to seek capital appreciation through investments, primarily in equity securities, which are believed to be undervalued in the marketplace.
(g)	Fund investment objective is to seek a high level of income consistent with preservation of capital.

The following is a summary of the inputs used as of June 30, 2013 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)(3)	Level 1 (000)		Level 2 (000)		Level 3 (000)		Total (000)
Investments in Underlying Funds	$	186,519	$	—	$	—	$	186,519
Total	$	186,519	$	—	$	—	$	186,519

(1)	Refer to note 2(o) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each investment strategy of the Underlying Funds.
(3)	There were no level transfers during the period ended June 30, 2013.

See Notes to Financial Statements. 27

Statements of Assets and Liabilities (unaudited)

June 30, 2013

	Emerging Markets Currency Fund				Global Allocation Fund
ASSETS:
Investments in securities, at cost		$	397,434,264			$	178,200,863
Investments in securities, at fair value		$	395,283,262			$	186,518,669
Cash			17,707,586				96,286
Deposits with brokers for derivatives			15,020,000				—
Foreign cash, at value (cost $164,168 and $0, respectively)			159,060				—
Receivables:
Interest and dividends			3,337,095				1,910,525
Investment securities sold			4,416,212				—
Capital shares sold			1,793,960				2,559,780
From affiliates (See Note 3)			—				78,408
Variation margin			1,352				—
Unrealized appreciation on forward foreign currency exchange contracts			3,276,535				—
Unrealized appreciation on credit default swaps			33,827				—
Prepaid expenses and other assets			46,121				35,019
Total assets			441,075,010				191,198,687
LIABILITIES:
Payables:
Investment securities purchased			2,402				1,909,997
Capital shares reacquired			857,528				248,237
Management fee			177,087				10,840
12b-1 distribution fees			47,844				62,914
Directors’ fees			49,204				29,419
Fund administration			14,167				—
To affiliates (See Note 3)			63,353				—
Unrealized depreciation on forward foreign currency exchange contracts			17,390,456				—
Unrealized depreciation on credit default swaps			7,253				—
Upfront payments received from credit default swaps, net of amortization			133,148				—
Distributions payable			985,475				2,135,024
Accrued expenses and other liabilities			144,376				81,228
Total liabilities			19,872,293				4,477,659
NET ASSETS		$	421,202,717			$	186,721,028
COMPOSITION OF NET ASSETS:
Paid-in capital		$	449,609,254			$	183,343,145
Distributions in excess of net investment income			(5,002,206	)			(16,103	)
Accumulated net realized loss on investments, futures contracts, swaps and foreign currency related transactions			(8,063,871	)			(4,923,712	)
Net unrealized appreciation (depreciation) on investments, futures contracts, swaps and translation of assets and liabilities denominated in foreign currencies			(15,340,460	)			8,317,698
Net Assets		$	421,202,717			$	186,721,028

28 See Notes to Financial Statements.

Statements of Assets and Liabilities (unaudited)(concluded)

June 30, 2013

	Emerging Markets Currency Fund			Global Allocation Fund
Net assets by class:
Class A Shares		$	69,353,620		$	119,083,383
Class B Shares		$	901,890		$	6,351,253
Class C Shares		$	25,074,675		$	29,800,295
Class F Shares		$	60,754,143		$	3,135,420
Class I Shares		$	264,398,696		$	22,883,496
Class P Shares		$	9,626		$	—
Class R2 Shares		$	234,341		$	106,248
Class R3 Shares		$	475,726		$	5,360,933
Outstanding shares by class:
Class A Shares (415 million and 430 million shares of common stock authorized, $0.001 par value)			11,038,091			10,242,492
Class B Shares (30 million and 15 million shares of common stock authorized, $0.001 par value)			142,893			593,497
Class C Shares (100 million and 20 million shares of common stock authorized, $0.001 par value)			3,967,848			2,781,615
Class F Shares (100 million and 20 million shares of common stock authorized, $0.001 par value)			9,678,181			269,623
Class I Shares (100 million and 15 million shares of common stock authorized, $0.001 par value)			42,176,431			1,957,286
Class P Shares (20 million and 20 million shares of common stock authorized, $0.001 par value)			1,534			—
Class R2 Shares (20 million and 20 million shares of common stock authorized, $0.001 par value)			37,239			8,984
Class R3 Shares (20 million and 20 million shares of common stock authorized, $0.001 par value)			75,905			458,834
Net asset value, offering and redemption price per share (Net assets divided by outstanding shares):
Class A Shares-Net asset value			$6.28			$11.63
Class A Shares-Maximum offering price (Net asset value plus sales charge of 2.25% and 5.75%, respectively)			$6.42			$12.34
Class B Shares-Net asset value			$6.31			$10.70
Class C Shares-Net asset value			$6.32			$10.71
Class F Shares-Net asset value			$6.28			$11.63
Class I Shares-Net asset value			$6.27			$11.69
Class P Shares-Net asset value			$6.28			—
Class R2 Shares-Net asset value			$6.29			$11.83
Class R3 Shares-Net asset value			$6.27			$11.68

See Notes to Financial Statements. 29

Statements of Operations (unaudited)

For the Six Months Ended June 30, 2013

	Emerging Markets Currency Fund				Global Allocation Fund
Investment income:
Dividends		$	—			$	3,243,379
Interest			4,281,199				2
Total investment income			4,281,199				3,243,381
Expenses:
Management fee			1,118,251				234,289
12b-1 distribution plan-Class A			74,558				147,507
12b-1 distribution plan-Class B			5,423				34,020
12b-1 distribution plan-Class C			113,969				150,425
12b-1 distribution plan-Class F			34,483				1,503
12b-1 distribution plan-Class P			22				—
12b-1 distribution plan-Class R2			745				336
12b-1 distribution plan-Class R3			1,259				12,449
Shareholder servicing			159,582				167,443
Professional			34,212				17,088
Reports to shareholders			33,026				16,726
Fund administration			89,460				—
Custody			41,357				3,997
Directors’ fees			6,296				2,564
Registration			43,033				38,094
Subsidy (See Note 3)			205,055				—
Other			8,426				4,707
Gross expenses			1,969,157				831,148
Expense reductions (See Note 9)			(105	)			(93	)
Expenses assumed by Underlying Funds (See Note 3)			—				(250,526	)
Management fee waived (See Note 3)			—				(181,027	)
Net expenses			1,969,052				399,502
Net investment income			2,312,147				2,843,879
Net realized and unrealized gain (loss):
Net realized gain (loss) on investments, futures contracts, swaps and foreign currency related transactions			3,913,101				(332,593	)
Net change in unrealized appreciation/depreciation on investments, futures contracts, swaps and translation of assets and liabilities denominated in foreign currencies			(23,906,499	)			3,280,864
Net realized and unrealized gain (loss)			(19,993,398	)			2,948,271
Net Increase (Decrease) in Net Assets Resulting From Operations		$	(17,681,251	)		$	5,792,150

30 See Notes to Financial Statements.

Statements of Changes in Net Assets

	Emerging Markets Currency Fund
INCREASE (DECREASE) IN NET ASSETS	For the Six Months Ended June 30, 2013 (unaudited)				For the Year Ended December 31, 2012
Operations:
Net investment income		$	2,312,147			$	4,501,890
Net realized gain on investments, futures contracts, swaps and foreign currency related transactions			3,913,101				11,874,941
Net change in unrealized appreciation/depreciation on investments, futures contracts, swaps and translation of assets and liabilities denominated in foreign currencies			(23,906,499	)			20,772,775
Net increase (decrease) in net assets resulting from operations			(17,681,251	)			37,149,606
Distributions to shareholders from:
Net investment income
Class A			(975,779	)			(1,843,700	)
Class B			(10,024	)			(23,310	)
Class C			(274,231	)			(573,748	)
Class F			(934,019	)			(1,749,818	)
Class I			(3,876,068	)			(5,593,517	)
Class P			(120	)			(203	)
Class R2			(2,736	)			(6,247	)
Class R3			(6,034	)			(10,022	)
Return of capital
Class A			—				(282,877	)
Class B			—				(3,577	)
Class C			—				(88,029	)
Class F			—				(268,473	)
Class I			—				(858,207	)
Class P			—				(31	)
Class R2			—				(958	)
Class R3			—				(1,538	)
Total distributions to shareholders			(6,079,011	)			(11,304,255	)
Capital share transactions (Net of share conversions) (See Note 14):
Net proceeds from sales of shares			90,281,800				216,733,975
Reinvestment of distributions			5,519,841				10,159,041
Cost of shares reacquired			(98,806,400	)			(119,792,291	)
Net increase (decrease) in net assets resulting from capital share transactions			(3,004,759	)			107,100,725
Net increase (decrease) in net assets			(26,765,021	)			132,946,076
NET ASSETS:
Beginning of period		$	447,967,738			$	315,021,662
End of period		$	421,202,717			$	447,967,738
Distributions in excess of net investment income		$	(5,002,206	)		$	(1,235,342	)

See Notes to Financial Statements. 31

Statements of Changes in Net Assets (concluded)

	Global Allocation Fund
INCREASE IN NET ASSETS	For the Six Months Ended June 30, 2013 (unaudited)				For the Year Ended December 31, 2012
Operations:
Net investment income		$	2,843,879			$	5,454,401
Capital gains distributions received from Underlying Funds			—				689,757
Net realized gain (loss) on investments and foreign currency related transactions			(332,593	)			686,556
Net change in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies			3,280,864				16,781,922
Net increase in net assets resulting from operations			5,792,150				23,612,636
Distributions to shareholders from:
Net investment income
Class A			(1,837,829	)			(3,899,618	)
Class B			(83,886	)			(226,021	)
Class C			(398,211	)			(890,794	)
Class F			(50,576	)			(92,639	)
Class I			(380,042	)			(664,970	)
Class R2			(1,407	)			(3,183	)
Class R3			(77,455	)			(150,568	)
Return of capital
Class A			—				(65,497	)
Class B			—				(3,796	)
Class C			—				(14,961	)
Class F			—				(1,556	)
Class I			—				(11,168	)
Class R2			—				(53	)
Class R3			—				(2,529	)
Total distributions to shareholders			(2,829,406	)			(6,027,353	)
Capital share transactions (Net of share conversions) (See Note 14):
Net proceeds from sales of shares			23,183,236				34,627,973
Reinvestment of distributions			2,681,765				5,682,158
Cost of shares reacquired			(19,804,514	)			(43,626,970	)
Net increase (decrease) in net assets resulting from capital share transactions			6,060,487				(3,316,839	)
Net increase in net assets			9,023,231				14,268,444
NET ASSETS:
Beginning of period		$	177,697,797			$	163,429,353
End of period		$	186,721,028			$	177,697,797
Distributions in excess of net investment income		$	(16,103	)		$	(30,576	)

32 See Notes to Financial Statements.

Financial Highlights

EMERGING MARKETS CURRENCY FUND

	Class A Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$6.63			$6.15			$6.74			$6.70			$5.72			$6.73
Investment operations:
Net investment income(a)		.03			.07			.08			.11			.17			.24
Net realized and unrealized gain (loss)		(.29	)		.58			(.46	)		.27			.99			(1.01	)
Total from investment operations		(.26	)		.65			(.38	)		.38			1.16			(.77	)
Distributions to shareholders from:
Net investment income		(.09	)		(.15	)		(.18	)		(.20	)		(.18	)		(.14	)
Net realized gain		—			—			(.03	)		(.14	)		—			—
Return of capital		—			(.02	)		—			—			—			(.10	)
Total distributions		(.09	)		(.17	)		(.21	)		(.34	)		(.18	)		(.24	)
Net asset value, end of period		$6.28			$6.63			$6.15			$6.74			$6.70			$5.72
Total Return(b)		(4.03	)%(c)		10.69	%		(5.87	)%		5.79	%		20.53	%		(11.90	)%
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including expenses reimbursed		.48	%(c)		1.01	%		1.02	%		1.17	%		1.27	%		1.23	%
Expenses, including expense reductions and expenses reimbursed		.48	%(c)		1.01	%		1.02	%		1.17	%		1.27	%		1.22	%
Expenses, excluding expense reductions and expenses reimbursed		.48	%(c)		1.01	%		1.02	%		1.17	%		1.27	%		1.27	%
Net investment income		.46	%(c)		1.02	%		1.18	%		1.68	%		2.69	%		3.59	%
Supplemental Data:
Net assets, end of period (000)		$69,354		$	73,947		$	80,034		$	98,279		$	109,152		$	83,426
Portfolio turnover rate		59.12	%(c)		141.92	%		130.30	%		113.50	%		90.72	%		83.70	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.
(c)	Not annualized.

See Notes to Financial Statements. 33

Financial Highlights (continued)

EMERGING MARKETS CURRENCY FUND

	Class B Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$6.66			$6.18			$6.77			$6.73			$5.74			$6.74
Investment operations:
Net investment income(a)		—	(b)		.02			.03			.07			.13			.19
Net realized and unrealized gain (loss)		(.29	)		.58			(.46	)		.26			.99			(1.00	)
Total from investment operations		(.29	)		.60			(.43	)		.33			1.12			(.81	)
Distributions to shareholders from:
Net investment income		(.06	)		(.10	)		(.13	)		(.15	)		(.13	)		(.11	)
Net realized gain		—			—			(.03	)		(.14	)		—			—
Return of capital		—			(.02	)		—			—			—			(.08	)
Total distributions		(.06	)		(.12	)		(.16	)		(.29	)		(.13	)		(.19	)
Net asset value, end of period		$6.31			$6.66			$6.18			$6.77			$6.73			$5.74
Total Return(c)		(4.38	)%(d)		9.79	%		(6.55	)%		5.10	%		19.68	%		(12.37	)%
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including expenses reimbursed		.88	%(d)		1.80	%		1.80	%		1.83	%		1.93	%		1.88	%
Expenses, including expense reductions and expenses reimbursed		.88	%(d)		1.80	%		1.80	%		1.83	%		1.93	%		1.88	%
Expenses, excluding expense reductions and expenses reimbursed		.88	%(d)		1.80	%		1.80	%		1.83	%		1.93	%		1.95	%
Net investment income		.07	%(d)		.24	%		.44	%		1.05	%		2.11	%		2.93	%
Supplemental Data:
Net assets, end of period (000)		$902			$1,219			$1,674			$2,693			$3,884			$4,105
Portfolio turnover rate		59.12	%(d)		141.92	%		130.30	%		113.50	%		90.72	%		83.70	%

(a)	Calculated using average shares outstanding during the period.
(b)	Amount is less than $.01.
(c)	Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.
(d)	Not annualized.

34 See Notes to Financial Statements.

Financial Highlights (continued)

EMERGING MARKETS CURRENCY FUND

	Class C Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$6.67			$6.19			$6.78			$6.74			$5.74			$6.75
Investment operations:
Net investment income(a)		.01			.02			.03			.07			.13			.19
Net realized and unrealized gain (loss)		(.29	)		.59			(.46	)		.26			1.00			(1.01	)
Total from investment operations		(.28	)		.61			(.43	)		.33			1.13			(.82	)
Distributions to shareholders from:
Net investment income		(.07	)		(.11	)		(.13	)		(.15	)		(.13	)		(.11	)
Net realized gain		—			—			(.03	)		(.14	)		—			—
Return of capital		—			(.02	)		—			—			—			(.08	)
Total distributions		(.07	)		(.13	)		(.16	)		(.29	)		(.13	)		(.19	)
Net asset value, end of period		$6.32			$6.67			$6.19			$6.78			$6.74			$5.74
Total Return(b)		(4.30	)%(c)		9.91	%		(6.44	)%		5.09	%		19.85	%		(12.50	)%
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including expenses reimbursed		.80	%(c)		1.68	%		1.69	%		1.82	%		1.91	%		1.87	%
Expenses, including expense reductions and expenses reimbursed		.80	%(c)		1.68	%		1.69	%		1.82	%		1.91	%		1.87	%
Expenses, excluding expense reductions and expenses reimbursed		.80	%(c)		1.68	%		1.69	%		1.82	%		1.91	%		1.91	%
Net investment income		.15	%(c)		.37	%		.51	%		1.02	%		2.03	%		2.95	%
Supplemental Data:
Net assets, end of period (000)		$25,075			$28,543			$36,551			$34,232			$27,512			$18,407
Portfolio turnover rate		59.12	%(c)		141.92	%		130.30	%		113.50	%		90.72	%		83.70	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.
(c)	Not annualized.

See Notes to Financial Statements. 35

Financial Highlights (continued)

EMERGING MARKETS CURRENCY FUND

	Class F Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$6.62			$6.15			$6.74			$6.69			$5.71			$6.73
Investment operations:
Net investment income(a)		.03			.07			.09			.13			.18			.25
Net realized and unrealized gain (loss)		(.28	)		.58			(.47	)		.27			.99			(1.01	)
Total from investment operations		(.25	)		.65			(.38	)		.40			1.17			(.76	)
Distributions to shareholders from:
Net investment income		(.09	)		(.16	)		(.18	)		(.21	)		(.19	)		(.15	)
Net realized gain		—			—			(.03	)		(.14	)		—			—
Return of capital		—			(.02	)		—			—			—			(.11	)
Total distributions		(.09	)		(.18	)		(.21	)		(.35	)		(.19	)		(.26	)
Net asset value, end of period		$6.28			$6.62			$6.15			$6.74			$6.69			$5.71
Total Return(b)		(3.84	)%(c)		10.63	%		(5.77	)%		6.20	%		20.82	%		(11.76	)%
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including expenses reimbursed		.43	%(c)		.91	%		.91	%		.92	%		.98	%		.96	%
Expenses, including expense reductions and expenses reimbursed		.43	%(c)		.91	%		.91	%		.92	%		.98	%		.96	%
Expenses, excluding expense reductions and expenses reimbursed		.43	%(c)		.91	%		.91	%		.92	%		.98	%		.98	%
Net investment income		.51	%(c)		1.12	%		1.27	%		1.88	%		2.72	%		3.94	%
Supplemental Data:
Net assets, end of period (000)		$60,754			$71,622			$76,795			$61,059			$24,463			$710
Portfolio turnover rate		59.12	%(c)		141.92	%		130.30	%		113.50	%		90.72	%		83.70	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return assumes the reinvestment of all distributions.
(c)	Not annualized.

36 See Notes to Financial Statements.

Financial Highlights (continued)

EMERGING MARKETS CURRENCY FUND

	Class I Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$6.61			$6.14			$6.73			$6.69			$5.72			$6.73
Investment operations:
Net investment income(a)		.04			.08			.09			.13			.19			.26
Net realized and unrealized gain (loss)		(.29	)		.57			(.46	)		.27			.98			(1.00	)
Total from investment operations		(.25	)		.65			(.37	)		.40			1.17			(.74	)
Distributions to shareholders from:
Net investment income		(.09	)		(.16	)		(.19	)		(.22	)		(.20	)		(.15	)
Net realized gain		—			—			(.03	)		(.14	)		—			—
Return of capital		—			(.02	)		—			—			—			(.12	)
Total distributions		(.09	)		(.18	)		(.22	)		(.36	)		(.20	)		(.27	)
Net asset value, end of period		$6.27			$6.61			$6.14			$6.73			$6.69			$5.72
Total Return(b)		(3.80	)%(c)		10.75	%		(5.68	)%		6.17	%		20.89	%		(11.47	)%
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including expenses reimbursed		.39	%(c)		.80	%		.81	%		.83	%		.92	%		.88	%
Expenses, including expense reductions and expenses reimbursed		.39	%(c)		.80	%		.81	%		.83	%		.92	%		.87	%
Expenses, excluding expense reductions and expenses reimbursed		.39	%(c)		.80	%		.81	%		.83	%		.92	%		.90	%
Net investment income		.57	%(c)		1.21	%		1.40	%		2.00	%		3.06	%		3.96	%
Supplemental Data:
Net assets, end of period (000)		$264,399			$271,710			$119,329			$79,092			$27,176			$19,830
Portfolio turnover rate		59.12	%(c)		141.92	%		130.30	%		113.50	%		90.72	%		83.70	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return assumes the reinvestment of all distributions.
(c)	Not annualized.

See Notes to Financial Statements. 37

Financial Highlights (continued)

EMERGING MARKETS CURRENCY FUND

	Class P Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$6.62			$6.14			$6.74			$6.69			$5.71			$6.71
Investment operations:
Net investment income(a)		.02			.05			.07			.11			.16			.24
Net realized and unrealized gain (loss)		(.28	)		.59			(.48	)		.27			.99			(1.01	)
Total from investment operations		(.26	)		.64			(.41	)		.38			1.15			(.77	)
Distributions to shareholders from:
Net investment income		(.08	)		(.14	)		(.16	)		(.19	)		(.17	)		(.13	)
Net realized gain		—			—			(.03	)		(.14	)		—			—
Return of capital		—			(.02	)		—			—			—			(.10	)
Total distributions		(.08	)		(.16	)		(.19	)		(.33	)		(.17	)		(.23	)
Net asset value, end of period		$6.28			$6.62			$6.14			$6.74			$6.69			$5.71
Total Return(b)		(3.98	)%(c)		10.27	%		(6.07	)%		5.87	%		20.43	%		(11.91	)%
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including expenses reimbursed		.59	%(c)		1.24	%		1.25	%		1.27	%		1.32	%		1.30	%
Expenses, including expense reductions and expenses reimbursed		.59	%(c)		1.24	%		1.25	%		1.27	%		1.32	%		1.30	%
Expenses, excluding expense reductions and expenses reimbursed		.59	%(c)		1.24	%		1.25	%		1.27	%		1.32	%		1.37	%
Net investment income		.37	%(c)		.80	%		.98	%		1.61	%		2.50	%		3.52	%
Supplemental Data:
Net assets, end of period (000)		$10			$10			$9			$32			$16			$4
Portfolio turnover rate		59.12	%(c)		141.92	%		130.30	%		113.50	%		90.72	%		83.70	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return assumes the reinvestment of all distributions.
(c)	Not annualized.

38 See Notes to Financial Statements.

Financial Highlights (continued)

EMERGING MARKETS CURRENCY FUND

	Class R2 Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$6.64			$6.16			$6.75			$6.71			$5.72			$6.73
Investment operations:
Net investment income(a)		.02			.04			.05			.09			.15			.25
Net realized and unrealized gain (loss)		(.30	)		.59			(.46	)		.27			1.00			(1.01	)
Total from investment operations		(.28	)		.63			(.41	)		.36			1.15			(.76	)
Distributions to shareholders from:
Net investment income		(.07	)		(.13	)		(.15	)		(.18	)		(.16	)		(.14	)
Net realized gain		—			—			(.03	)		(.14	)		—			—
Return of capital		—			(.02	)		—			—			—			(.11	)
Total distributions		(.07	)		(.15	)		(.18	)		(.32	)		(.16	)		(.25	)
Net asset value, end of period		$6.29			$6.64			$6.16			$6.75			$6.71			$5.72
Total Return(b)		(4.21	)%(c)		10.24	%		(6.22	)%		5.54	%		20.12	%		(11.63	)%
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including expenses reimbursed		.68	%(c)		1.41	%		1.41	%		1.42	%		1.50	%		1.08	%
Expenses, including expense reductions and expenses reimbursed		.68	%(c)		1.41	%		1.41	%		1.42	%		1.50	%		1.07	%
Expenses, excluding expense reductions and expenses reimbursed		.68	%(c)		1.41	%		1.41	%		1.42	%		1.50	%		1.15	%
Net investment income		.27	%(c)		.63	%		.76	%		1.39	%		2.44	%		3.74	%
Supplemental Data:
Net assets, end of period (000)		$234			$300			$218			$70			$23			$12
Portfolio turnover rate		59.12	%(c)		141.92	%		130.30	%		113.50	%		90.72	%		83.70	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return assumes the reinvestment of all distributions.
(c)	Not annualized.

See Notes to Financial Statements. 39

Financial Highlights (concluded)

EMERGING MARKETS CURRENCY FUND

	Class R3 Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$6.61			$6.14			$6.73			$6.70			$5.72			$6.73
Investment operations:
Net investment income(a)		.02			.05			.06			.10			.16			.23
Net realized and unrealized gain (loss)		(.28	)		.57			(.46	)		.26			.99			(.99	)
Total from investment operations		(.26	)		.62			(.40	)		.36			1.15			(.76	)
Distributions to shareholders from:
Net investment income		(.08	)		(.13	)		(.16	)		(.19	)		(.17	)		(.14	)
Net realized gain		—			—			(.03	)		(.14	)		—			—
Return of capital		—			(.02	)		—			—			—			(.11	)
Total distributions		(.08	)		(.15	)		(.19	)		(.33	)		(.17	)		(.25	)
Net asset value, end of period		$6.27			$6.61			$6.14			$6.73			$6.70			$5.72
Total Return(b)		(4.03	)%(c)		10.23	%		(6.14	)%		5.49	%		20.33	%		(11.76	)%
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including expenses reimbursed		.63	%(c)		1.29	%		1.31	%		1.33	%		1.41	%		1.26	%
Expenses, including expense reductions and expenses reimbursed		.63	%(c)		1.29	%		1.31	%		1.33	%		1.41	%		1.26	%
Expenses, excluding expense reductions and expenses reimbursed		.63	%(c)		1.29	%		1.31	%		1.33	%		1.41	%		1.30	%
Net investment income		.32	%(c)		.74	%		.92	%		1.48	%		2.52	%		3.50	%
Supplemental Data:
Net assets, end of period (000)		$476			$617			$411			$326			$103			$57
Portfolio turnover rate		59.12	%(c)		141.92	%		130.30	%		113.50	%		90.72	%		83.70	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return assumes the reinvestment of all distributions.
(c)	Not annualized.

40 See Notes to Financial Statements.

Financial Highlights

GLOBAL ALLOCATION FUND

	Class A Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$11.42			$10.29			$11.41			$10.56			$7.95			$13.15
Investment operations:
Net investment income(a)		.19			.36			.35			.33			.28			.26
Net realized and unrealized gain (loss)		.20			1.16			(1.12	)		.84			2.66			(5.10	)
Total from investment operations		.39			1.52			(.77	)		1.17			2.94			(4.84	)
Distributions to shareholders from:
Net investment income		(.18	)		(.38	)		(.35	)		(.32	)		(.33	)		(.17	)
Net realized gain		—			—			—			—			—			(.19	)
Return of capital		—			(.01	)		—			—			—			—
Total distributions		(.18	)		(.39	)		(.35	)		(.32	)		(.33	)		(.36	)
Net asset value, end of period		$11.63			$11.42			$10.29			$11.41			$10.56			$7.95
Total Return(b)		3.43	%(c)		15.02	%		(6.89	)%		11.36	%		37.83	%		(37.33	)%
Ratios to Average Net Assets:(d)
Expenses, excluding expense reductions and including expenses assumed and management fee waived		.15	%(c)		.30	%		.28	%		.35	%		.35	%		1.07	%
Expenses, including expense reductions, expenses assumed and management fee waived		.15	%(c)		.30	%		.28	%		.35	%		.35	%		1.06	%
Expenses, excluding expense reductions, expenses assumed and management fee waived		.38	%(c)		.80	%		.84	%		.94	%		1.17	%		1.60	%
Net investment income		1.57	%(c)		3.31	%		3.11	%		3.07	%		3.15	%		2.40	%
Supplemental Data:
Net assets, end of period (000)		$119,083			$110,910			$108,217			$107,234			$83,625			$53,568
Portfolio turnover rate		9.23	%(c)		36.34	%		27.66	%		9.48	%		6.81	%		147.44	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.
(c)	Not annualized.
(d)	Does not include expenses of the Underlying Funds in which the Fund invests.

See Notes to Financial Statements. 41

Financial Highlights (continued)

GLOBAL ALLOCATION FUND

	Class B Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$10.53			$9.51			$10.57			$9.81			$7.38			$12.25
Investment operations:
Net investment income(a)		.12			.25			.24			.23			.21			.18
Net realized and unrealized gain (loss)		.19			1.09			(1.03	)		.79			2.48			(4.74	)
Total from investment operations		.31			1.34			(.79	)		1.02			2.69			(4.56	)
Distributions to shareholders from:
Net investment income		(.14	)		(.31	)		(.27	)		(.26	)		(.26	)		(.12	)
Net realized gain		—			—			—			—			—			(.19	)
Return of capital		—			(.01	)		—			—			—			—
Total distributions		(.14	)		(.32	)		(.27	)		(.26	)		(.26	)		(.31	)
Net asset value, end of period		$10.70			$10.53			$9.51			$10.57			$9.81			$7.38
Total Return(b)		2.95	%(c)		14.24	%		(7.56	)%		10.60	%		37.10	%		(37.74	)%
Ratios to Average Net Assets:(d)
Expenses, excluding expense reductions and including expenses assumed and management fee waived		.52	%(c)		1.04	%		.99	%		1.00	%		1.00	%		1.72	%
Expenses, including expense reductions, expenses assumed and management fee waived		.52	%(c)		1.04	%		.99	%		1.00	%		1.00	%		1.72	%
Expenses, excluding expense reductions, expenses assumed and management fee waived		.75	%(c)		1.54	%		1.55	%		1.59	%		1.82	%		2.26	%
Net investment income		1.13	%(c)		2.51	%		2.29	%		2.35	%		2.49	%		1.74	%
Supplemental Data:
Net assets, end of period (000)		$6,351			$6,939			$8,276			$11,389			$10,668			$7,194
Portfolio turnover rate		9.23	%(c)		36.34	%		27.66	%		9.48	%		6.81	%		147.44	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.
(c)	Not annualized.
(d)	Does not include expenses of the Underlying Funds in which the Fund invests.

42 See Notes to Financial Statements.

Financial Highlights (continued)

GLOBAL ALLOCATION FUND

	Class C Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$10.54			$9.53			$10.59			$9.83			$7.40			$12.28
Investment operations:
Net investment income(a)		.13			.26			.25			.24			.22			.18
Net realized and unrealized gain (loss)		.18			1.07			(1.03	)		.78			2.47			(4.75	)
Total from investment operations		.31			1.33			(.78	)		1.02			2.69			(4.57	)
Distributions to shareholders from:
Net investment income		(.14	)		(.31	)		(.28	)		(.26	)		(.26	)		(.12	)
Net realized gain		—			—			—			—			—			(.19	)
Return of capital		—			(.01	)		—			—			—			—
Total distributions		(.14	)		(.32	)		(.28	)		(.26	)		(.26	)		(.31	)
Net asset value, end of period		$10.71			$10.54			$9.53			$10.59			$9.83			$7.40
Total Return(b)		2.97	%(c)		14.17	%		(7.48	)%		10.58	%		37.00	%		(37.73	)%
Ratios to Average Net Assets:(d)
Expenses, excluding expense reductions and including expenses assumed and management fee waived		.52	%(c)		1.04	%		.97	%		1.00	%		1.00	%		1.71	%
Expenses, including expense reductions, expenses assumed and management fee waived		.52	%(c)		1.04	%		.97	%		1.00	%		1.00	%		1.71	%
Expenses, excluding expense reductions, expenses assumed and management fee waived		.75	%(c)		1.53	%		1.53	%		1.59	%		1.80	%		2.25	%
Net investment income		1.18	%(c)		2.62	%		2.42	%		2.46	%		2.55	%		1.76	%
Supplemental Data:
Net assets, end of period (000)		$29,800			$29,821			$26,322			$25,893			$17,741			$9,428
Portfolio turnover rate		9.23	%(c)		36.34	%		27.66	%		9.48	%		6.81	%		147.44	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.
(c)	Not annualized.
(d)	Does not include expenses of the Underlying Funds in which the Fund invests.

See Notes to Financial Statements. 43

Financial Highlights (continued)

GLOBAL ALLOCATION FUND

	Class F Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$11.43			$10.29			$11.41			$10.56			$7.95			$13.12
Investment operations:
Net investment income(a)		.20			.36			.37			.39			.35			.32
Net realized and unrealized gain (loss)		.19			1.19			(1.12	)		.80			2.61			(5.11	)
Total from investment operations		.39			1.55			(.75	)		1.19			2.96			(4.79	)
Distributions to shareholders from:
Net investment income		(.19	)		(.40	)		(.37	)		(.34	)		(.35	)		(.19	)
Net realized gain		—			—			—			—			—			(.19	)
Return of capital		—			(.01	)		—			—			—			—
Total distributions		(.19	)		(.41	)		(.37	)		(.34	)		(.35	)		(.38	)
Net asset value, end of period		$11.63			$11.43			$10.29			$11.41			$10.56			$7.95
Total Return(b)		3.41	%(c)		15.28	%		(6.72	)%		11.57	%		38.16	%		(37.09	)%
Ratios to Average Net Assets:(d)
Expenses, excluding expense reductions and including expenses assumed and management fee waived		.08	%(c)		.15	%		.10	%		.10	%		.10	%		.62	%
Expenses, including expense reductions, expenses assumed and management fee waived		.08	%(c)		.15	%		.10	%		.10	%		.10	%		.61	%
Expenses, excluding expense reductions, expenses assumed and management fee waived		.31	%(c)		.65	%		.66	%		.69	%		.83	%		1.26	%
Net investment income		1.69	%(c)		3.31	%		3.36	%		3.63	%		3.66	%		3.02	%
Supplemental Data:
Net assets, end of period (000)		$3,135			$2,423			$3,156			$2,256			$641			$9
Portfolio turnover rate		9.23	%(c)		36.34	%		27.66	%		9.48	%		6.81	%		147.44	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return assumes the reinvestment of all distributions.
(c)	Not annualized.
(d)	Does not include expenses of the Underlying Funds in which the Fund invests.

44 See Notes to Financial Statements.

Financial Highlights (continued)

GLOBAL ALLOCATION FUND

	Class I Shares
	Six Months Ended 6/30/2013			Year Ended 12/31
	(unaudited)			2012			2011			2010			2009			2008
Per Share Operating Performance
Net asset value, beginning of period		$11.49			$10.34			$11.47			$10.61			$7.98			$13.18
Investment operations:
Net investment income(a)		.20			.39			.38			.37			.32			.31
Net realized and unrealized gain (loss)		.20			1.18			(1.13	)		.84			2.67			(5.13	)
Total from investment operations		.40			1.57			(.75	)		1.21			2.99			(4.82	)
Distributions to shareholders from:
Net investment income		(.20	)		(.41	)		(.38	)		(.35	)		(.36	)		(.19	)
Net realized gain		—			—			—			—			—			(.19	)
Return of capital		—			(.01	)		—			—			—			—
Total distributions		(.20	)		(.42	)		(.38	)		(.35	)		(.36	)		(.38	)
Net asset value, end of period		$11.69			$11.49			$10.34			$11.47			$10.61			$7.98
Total Return(b)		3.44	%(c)		15.42	%		(6.69	)%		11.69	%		38.39	%		(37.10	)%
Ratios to Average Net Assets:(d)
Expenses, excluding expense reductions and including expenses assumed and management fee waived		.03	%(c)		.05	%		.00	%		.00	%		.00	%		.69	%
Expenses, including expense reductions, expenses assumed and management fee waived		.03	%(c)		.05	%		.00	%		.00	%		.00	%		.69	%
Expenses, excluding expense reductions, expenses assumed and management fee waived		.26	%(c)		.55	%		.57	%		.60	%		.80	%		1.25	%
Net investment income		1.68	%(c)		3.57	%		3.38	%		3.40	%		3.55	%		2.85	%
Supplemental Data:
Net assets, end of period (000)		$22,883			$22,289			$14,086			$8,460			$1,055			$557
Portfolio turnover rate		9.23	%(c)		36.34	%		27.66	%		9.48	%		6.81	%		147.44	%

(a)	Calculated using average shares outstanding during the period.
(b)	Total return assumes the reinvestment of all distributions.
(c)	Not annualized.
(d)	Does not include expenses of the Underlying Funds in which the Fund invests.

See Notes to Financial Statements. 45

Financial Highlights (continued)

GLOBAL ALLOCATION FUND

	Class R2 Shares
	Six Months Ended 6/30/2013			Year Ended 12/31												6/23/2008(a) to
	(unaudited)			2012			2011			2010			2009			12/31/2008
Per Share Operating Performance
Net asset value, beginning of period		$11.62			$10.46			$11.55			$10.64			$7.96			$11.83
Investment operations:
Net investment income(b)		.16			.34			.49			.36			.31			.18
Net realized and unrealized gain (loss)		.21			1.18			(1.26	)		.85			2.68			(3.70	)
Total from investment operations		.37			1.52			(.77	)		1.21			2.99			(3.52	)
Distributions to shareholders from:
Net investment income		(.16	)		(.35	)		(.32	)		(.30	)		(.31	)		(.16	)
Net realized gain		—			—			—			—			—			(.19	)
Return of capital		—			(.01	)		—			—			—			—
Total distributions		(.16	)		(.36	)		(.32	)		(.30	)		(.31	)		(.35	)
Net asset value, end of period		$11.83			$11.62			$10.46			$11.55			$10.64			$7.96
Total Return(c)		3.17	%(d)		14.71	%		(6.77	)%		11.63	%		38.36	%		(30.36	)%(d)
Ratios to Average Net Assets:(e)
Expenses, excluding expense reductions and including expenses assumed and management fee waived		.32	%(d)		.61	%		.34	%		.05	%		.00	%		.32	%(d)
Expenses, including expense reductions, expenses assumed and management fee waived		.32	%(d)		.61	%		.34	%		.05	%		.00	%		.32	%(d)
Expenses, excluding expense reductions, expenses assumed and management fee waived		.55	%(d)		1.11	%		.93	%		.65	%		.81	%		.87	%(d)
Net investment income		1.34	%(d)		3.05	%		4.44	%		3.38	%		3.46	%		1.88	%(d)
Supplemental Data:
Net assets, end of period (000)		$106			$107			$88			$11			$10			$7
Portfolio turnover rate		9.23	%(d)		36.34	%		27.66	%		9.48	%		6.81	%		147.44	%

(a)	Commencement of operations was 6/23/2008, SEC effective date was 9/14/2007 and date shares first became available to
	the public was 7/1/2008.
(b)	Calculated using average shares outstanding during the period.
(c)	Total return assumes the reinvestment of all distributions.
(d)	Not annualized.
(e)	Does not include expenses of the Underlying Funds in which the Fund invests.

46 See Notes to Financial Statements.

Financial Highlights (concluded)

GLOBAL ALLOCATION FUND

	Class R3 Shares
	Six Months Ended 6/30/2013			Year Ended 12/31												6/23/2008(a) to
	(unaudited)			2012			2011			2010			2009			12/31/2008
Per Share Operating Performance
Net asset value, beginning of period		$11.48			$10.34			$11.47			$10.62			$7.95			$11.83
Investment operations:
Net investment income(b)		.18			.35			.34			.34			.37			.18
Net realized and unrealized gain (loss)		.19			1.16			(1.14	)		.82			2.62			(3.70	)
Total from investment operations		.37			1.51			(.80	)		1.16			2.99			(3.52	)
Distributions to shareholders from:
Net investment income		(.17	)		(.36	)		(.33	)		(.31	)		(.32	)		(.17	)
Net realized gain		—			—			—			—			—			(.19	)
Return of capital		—			(.01	)		—			—			—			—
Total distributions		(.17	)		(.37	)		(.33	)		(.31	)		(.32	)		(.36	)
Net asset value, end of period		$11.68			$11.48			$10.34			$11.47			$10.62			$7.95
Total Return(c)		3.22	%(d)		14.81	%		(7.10	)%		11.17	%		38.40	%		(30.40	)%(d)
Ratios to Average Net Assets:(e)
Expenses, excluding expense reductions and including expenses assumed and management fee waived		.26	%(d)		.52	%		.47	%		.50	%		.26	%		.27	%(d)
Expenses, including expense reductions, expenses assumed and management fee waived		.26	%(d)		.52	%		.47	%		.50	%		.26	%		.26	%(d)
Expenses, excluding expense reductions, expenses assumed and management fee waived		.49	%(d)		1.02	%		1.04	%		1.10	%		.92	%		.82	%(d)
Net investment income		1.46	%(d)		3.17	%		3.03	%		3.20	%		3.79	%		1.93	%(d)
Supplemental Data:
Net assets, end of period (000)		$5,361			$5,211			$3,285			$2,179			$51			$7
Portfolio turnover rate		9.23	%(d)		36.34	%		27.66	%		9.48	%		6.81	%		147.44	%

(a)	Commencement of operations was 6/23/2008, SEC effective date was 9/14/2007 and date shares first became available to
	the public was 7/1/2008.
(b)	Calculated using average shares outstanding during the period.
(c)	Total return assumes the reinvestment of all distributions.
(d)	Not annualized.
(e)	Does not include expenses of the Underlying Funds in which the Fund invests.

See Notes to Financial Statements. 47

Notes to Financial Statements (unaudited)

1. ORGANIZATION  

Lord Abbett Global Fund, Inc. (the “Company”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company and was incorporated under Maryland law on February 23, 1988. The Company currently consists of three funds. This report covers the following two funds (each, a “Fund” and collectively, the “Funds”) and their respective classes: Lord Abbett Emerging Markets Currency Fund (“Emerging Markets Currency Fund”), Class A, B, C, F, I, P, R2 and R3 shares; and Lord Abbett Global Allocation Fund (“Global Allocation Fund”), Class A, B, C, F, I, P, R2 and R3 shares. Global Allocation Fund is diversified as defined in the Act and Emerging Markets Currency Fund is non-diversified as defined in the Act.

Emerging Markets Currency Fund’s investment objective is to seek high total return. Global Allocation Fund’s investment objective is total return. Global Allocation Fund invests principally in other mutual funds (“Underlying Funds”) managed by Lord, Abbett & Co. LLC (“Lord Abbett”).

Each class of shares has different expenses and dividends. A front-end sales charge is normally added to the net asset value (“NAV”) for Class A shares. There is no front-end sales charge in the case of Class B, C, F, I, P, R2 and R3 shares, although there may be a contingent deferred sales charge (“CDSC”) in certain cases as follows: Class A shares purchased without a sales charge and redeemed before the first day of the month in which the one-year anniversary of the purchase falls (subject to certain exceptions as set forth in each Fund’s prospectus); Class B shares redeemed before the sixth anniversary of purchase; and Class C shares redeemed before the first anniversary of purchase. Class B shares will automatically convert to Class A shares on the 25th day of the month (or, if the 25th day is not a business day, the next business day thereafter) following the eighth anniversary of the day on which the purchase order was accepted. The Funds no longer issue Class B shares for purchase. Emerging Markets Currency Fund’s Class P shares are closed to substantially all new investors, with certain exceptions as set forth in the Funds’ prospectus. As of the date of this report, Global Allocation Fund has not issued Class P shares.

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

2. SIGNIFICANT ACCOUNTING POLICIES  

(a)

Investment Valuation–Under procedures approved by the Funds’ Board of Directors (the “Board”), Lord Abbett, the Funds’ investment manager, has formed a Pricing Committee to administer the pricing and valuation of portfolio investments and to ensure that prices utilized reasonably reflect fair value. Among other things, these procedures allow the Funds to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities actively traded on any recognized U.S. or non-U.S. exchange or on The NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange LLC. Each Fund may rely

48

Notes to Financial Statements (unaudited)(continued)

	on an independent fair valuation service in adjusting the valuations of foreign securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and asked prices. Fixed income securities are valued at the mean between the bid and asked prices on the basis of prices supplied by independent pricing services, which reflect broker/dealer supplied valuations and the independent pricing services’ own electronic data processing techniques. Exchange-traded options and futures contracts are valued at the last sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and asked prices is used. Forward foreign currency exchange contracts are valued using daily forward exchange rates. Swaps are valued daily using independent pricing services or quotations from broker/dealer to the extent available. Investments in the Underlying Funds are valued at their NAV each business day at the close of regular trading on the New York Stock Exchange LLC, normally 4:00 p.m. Eastern time.
	Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee and approved by the Board. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use observable inputs such as yield curves, broker quotes, observable trading activity, option adjusted spread models and other relevant information to determine fair value of portfolio investments. The Board or a designated committee thereof regularly reviews fair value determinations made by the Pricing Committee and employs techniques such as reviewing related market activity, reviewing inputs and assumptions, and retrospectively comparing prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee.
	Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.
(b)	Security Transactions–Security transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Realized and unrealized gains (losses) are allocated to each class of shares based upon the relative proportion of net assets at the beginning of the day.
(c)	Investment Income–Dividend income is recorded on the ex-dividend date. Interest income is recorded on the accrual basis as earned. Discounts are accreted and premiums are amortized using the effective interest method and are included in Interest and other income on the Statements of Operations. Investment income is allocated to each class of shares based upon the relative proportion of net assets at the beginning of the day. Withholding taxes on foreign dividends have been provided for in accordance with the applicable country’s tax rules and rates.
(d)	Income Taxes–It is the policy of each Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.
	Each Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on the Funds’ filed U.S. federal tax returns remains open for the fiscal years ended December 31, 2009 through December 31, 2012. The statutes of limitations on the Company’s state and local tax returns may remain open for an additional year depending upon the jurisdiction.

49

Notes to Financial Statements (unaudited)(continued)

(e)	Expenses–Expenses incurred by the Company that do not specifically relate to an individual fund are generally allocated to the Funds within the Company on a pro rata basis by relative net assets. Expenses, excluding class-specific expenses, are allocated to each class of shares based upon the relative proportion of net assets at the beginning of the day. Class A, B, C, F, P, R2 and R3 shares bear their class-specific share of all expenses and fees relating to the Funds’ 12b-1 Distribution Plan.
(f)	Foreign Transactions–The books and records of Emerging Markets Currency Fund are maintained in U.S. dollars and transactions denominated in foreign currencies are recorded in the Fund’s records at the rate prevailing when earned or recorded. Asset and liability accounts that are denominated in foreign currencies are adjusted daily to reflect current exchange rates and any unrealized gain (loss) is included in Net change in unrealized appreciation/depreciation on investments, futures contracts, swaps and translation of assets and liabilities denominated in foreign currencies on the Fund’s Statement of Operations. The resultant exchange gains and losses upon settlement of such transactions are included in Net realized gain (loss) on investments, futures contracts, swaps and foreign currency related transactions on the Fund’s Statement of Operations. The Fund does not isolate that portion of the results of operations arising as a result of changes in the foreign exchange rates from the changes in market prices of the securities.
	The Fund uses foreign currency exchange contracts to facilitate transactions in foreign denominated securities. Losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts’ terms.
(g)	Forward Foreign Currency Exchange Contracts–Emerging Markets Currency Fund may enter into forward foreign currency exchange contracts in order to reduce its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings or gain or reduce exposure to foreign currency for investment purposes. A forward foreign currency exchange contract is a commitment to purchase or sell a foreign currency at a future date at a negotiated rate. The contracts are valued daily at forward exchange rates and any unrealized gain (loss) is included in Net change in unrealized appreciation/depreciation on investments, futures contracts, swaps and translation of assets and liabilities denominated in foreign currencies on the Fund’s Statement of Operations. The gain (loss) arising from the difference between the U.S. dollar cost of the original contract and the value of the foreign currency in U.S. dollars upon closing of such contracts is included in Net realized gain (loss) on investments, futures contracts, swaps and foreign currency related transactions on the Fund’s Statement of Operations.
(h)	Futures Contracts–Emerging Markets Currency Fund may purchase and sell futures contracts to enhance returns, to attempt to hedge some of its investment risk, or as a substitute position for holding the underlying asset on which the instrument is based. At the time of entering into a futures transaction, an investor is required to deposit and maintain a specified amount of cash or eligible securities called “initial margin.” Subsequent payments made or received by the Fund called “variation margin” are made on a daily basis as the market price of the futures contract fluctuates. The Fund will record an unrealized gain (loss) based on the amount of variation margin. When a contract is closed, a realized gain (loss) is recorded equal to the difference between the opening and closing value of the contract.
(i)	When-Issued, Forward Transactions or To-Be-Announced (“TBA”) Transactions–Emerging Markets Currency Fund may purchase portfolio securities on a when-issued or forward basis. When-issued, forward transactions or TBA transactions involve a commitment by

50

Notes to Financial Statements (unaudited)(continued)

	a Fund to purchase securities, with payment and delivery (“settlement”) to take place in the future, in order to secure what is considered to be an advantageous price or yield at the time of entering into the transaction. During the period between purchase and settlement, the fair value of the securities will fluctuate and assets consisting of cash and/or marketable securities (normally short-term U.S. Government or U.S. Government sponsored enterprise securities) marked to market daily in an amount sufficient to make payment at settlement will be segregated at the Fund’s custodian in order to pay for the commitment. At the time each Fund makes the commitment to purchase a security on a when-issued basis, it will record the transaction and reflect the liability for the purchase and fair value of the security in determining its NAV. The Fund, generally, has the ability to close out a purchase obligation on or before the settlement date rather than take delivery of the security. Under no circumstances will settlement for such securities take place more than 120 days after the purchase date.
(j)	Mortgage Dollar Rolls–Emerging Markets Currency Fund may enter into mortgage dollar rolls in which a Fund sells mortgage-backed securities for delivery in the current month and simultaneously contracts with the same counterparty to repurchase similar (same type, coupon and maturity) but not identical securities on a specified future date. During the roll period, the Fund loses the right to receive principal (including prepayments of principal) and interest paid on the securities sold.
(k)	Commercial Paper–Each Fund may purchase commercial paper. Commercial paper consists of unsecured promissory notes issued by corporations to finance short-term credit needs. Commercial paper is issued in bearer form with maturities generally not exceeding nine months. Commercial paper obligations may include variable amount master demand notes.
(l)	Repurchase Agreements–Each Fund may enter into repurchase agreements with respect to securities. A repurchase agreement is a transaction in which a fund acquires a security and simultaneously commits to resell that security to the seller (a bank or securities dealer) at an agreed-upon price on an agreed-upon date. Each Fund requires at all times that the repurchase agreement be collateralized by cash, or by securities of the U.S. Government, its agencies, its instrumentalities, or U.S. Government sponsored enterprises having a value equal to, or in excess of, the value of the repurchase agreement (including accrued interest). If the seller of the agreement defaults on its obligation to repurchase the underlying securities at a time when the fair value of these securities has declined, a Fund may incur a loss upon disposition of the securities.
(m)	Interest Rate Swaps–Emerging Markets Currency Fund may invest in interest rate swaps in order to enhance returns or hedge against interest rate risk. Interest rate swaps are agreements in which one party pays a stream of interest payments, either fixed or floating, for another party’s stream of interest payments, either fixed or floating, on the same notional amount for a specified period of time. The interest rate swap agreement will normally be entered into on a zero coupon basis, meaning that the floating rate will be based on the cumulative of the variable rate, and the fixed rate will compound until the swap’s maturity date, at which point the payments would be netted. The swaps are valued daily and any unrealized gain (loss) is included in the Net change in unrealized appreciation/depreciation on investments, futures contracts, swaps and translation of assets and liabilities denominated in foreign currencies on the Fund’s Statement of Operations. A liquidation payment received or made at the termination or maturity of the swap is recorded in realized gain (loss) and is included in Net realized gain (loss) on investments, futures contracts, swaps and foreign currency related transactions on the Fund’s Statement of Operations.

51

Notes to Financial Statements (unaudited)(continued)

(n)	Credit Default Swaps–Emerging Markets Currency Fund may enter into credit default swap contracts. As a seller of a credit default swap contract (“seller of protection”), the Fund is required to pay the notional amount or other agreed-upon value of a referenced debt obligation to the counterparty in the event of a default by or other credit event involving the referenced issuer, obligation or index. In return, the Fund receives from the counterparty a periodic stream of payments over the term of the contract. As a purchaser of a credit default swap contract (“buyer of protection”), the Fund would receive the notional amount or other agreed upon value of a referenced debt obligation from the counterparty in the event of default by or other credit event involving the referenced issuer, obligation or index. In return, the Fund would make periodic payments to the counterparty over the term of the contracts, provided no event of default has occurred.
	These credit default swaps may have as a reference obligation corporate or sovereign issuers or credit indices. These credit indices are comprised of a basket of securities representing a particular sector of the market. During the period, Emerging Markets Currency Fund entered into credit default swaps based on CMBX indices, which are comprised of commercial mortgage-backed securities.
	Credit default swaps are fair valued based upon quotations from counterparties, brokers or market-makers and the change in value, if any, is recorded as an unrealized appreciation or depreciation. For a credit default swap sold by the Fund, payment of the agreed-upon amount made by the Fund in the event of default of the referenced debt obligation is recorded as the cost of the referenced debt obligation purchased/received. For a credit default swap purchased by the Fund, the agreed-upon amount received by the Fund in the event of default of the referenced debt obligation is recorded as proceeds from sale/delivery of the referenced debt obligation and the resulting gain or loss realized on the referenced debt obligation is recorded as such by the Fund.
	Any upfront payments made or received upon entering a credit default swap contract would be amortized or accreted over the life of the swap and recorded as realized gains or losses. Collateral, in the form of cash or securities, may be required to be held in segregated accounts with the custodian bank or broker in accordance with the swap agreement. The value and credit rating of each credit default swap where the Fund is the seller of protection, are both measures of the current payment/performance risk of the swap. As the value of the swap changes as a positive or negative percentage of the total notional amount, the payment/performance risk may decrease or increase, respectively. The maximum potential amount of future payments (undiscounted) that a Fund as a seller of protection could be required to make under a credit default swap agreement would be an amount equal to the notional amount of the agreement. These potential amounts would be partially offset by any recovery values of the respective referenced obligations, upfront payments received upon entering into the agreement, or net amounts received from the settlement of buy protection credit default swap agreements entered into by the Fund for the same referenced entity or entities.
	Entering into credit default swaps involves credit and market risk. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements, and that there may be unfavorable changes in interest rates, and that Lord Abbett does not correctly predict the creditworthiness of the issuers of the reference obligation on which the credit default swap is based.

52

Notes to Financial Statements (unaudited)(continued)

(o)	Fair Value Measurements–Fair value is defined as the price that each Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk—for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below:
	·	Level 1 –	unadjusted quoted prices in active markets for identical investments;
	·	Level 2 –	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and
	·	Level 3 –	significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments).
	A summary of inputs used in valuing each Fund’s investments as of June 30, 2013, and, if applicable, Level 1/Level 2 transfers and Level 3 rollforwards for the six months then ended is included in each Fund’s Schedule of Investments.
	Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. All transfers between different levels within the three-tier hierarchy are deemed to have occurred as of the beginning of the reporting period. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

3. MANAGEMENT FEE AND OTHER TRANSACTIONS WITH AFFILIATES  

Management Fee

The Company has a management agreement with Lord Abbett, pursuant to which Lord Abbett supplies each Fund with investment management services and executive and other personnel, provides office space and pays for ordinary and necessary office and clerical expenses relating to research and statistical work and supervision of each Fund’s investment portfolio.

The management fee is based on each Fund’s average daily net assets at the following annual rates:

Emerging Markets Currency Fund

First $1 billion	.50	%
Over $1 billion	.45	%
Global Allocation Fund	.25	%(1)

⁽¹⁾ For the period from May 1, 2013 through April 30, 2014, Lord Abbett has contractually agreed to waive .18% of its annual management fee for Global Allocation Fund. This agreement may be terminated only upon approval of the Board. During the period January 1, 2013 through April 30, 2013, Lord Abbett had contractually agreed to waive .20% of its annual management fee for the Fund.

53

Notes to Financial Statements (unaudited)(continued)

For the six months ended June 30, 2013, the effective management fee, net of waivers, was at an annualized rate of .50% and .06% of average daily net assets for Emerging Markets Currency Fund and Global Allocation Fund, respectively.

In addition, Lord Abbett provides certain administrative services to each Fund pursuant to an Administrative Services Agreement in return for a fee at an annual rate of ..04% of Emerging Markets Currency Fund’s average daily net assets. Global Allocation Fund does not pay such fee.

Global Allocation Fund has entered into a Servicing Arrangement with the Underlying Funds in which it invests (Lord Abbett Equity Trust – Lord Abbett Calibrated Large Cap Value Fund and Lord Abbett Calibrated Mid Cap Value Fund; Lord Abbett Global Fund, Inc. – Lord Abbett Emerging Markets Currency Fund; Lord Abbett Investment Trust – Lord Abbett High Yield Fund and Lord Abbett Short Duration Income Fund; Lord Abbett Mid Cap Stock Fund, Inc. and Lord Abbett Securities Trust – Lord Abbett International Dividend Income Fund), pursuant to which each Underlying Fund will pay a portion of the expenses (excluding management fees and distribution and service fees) of Global Allocation Fund in proportion to the average daily value of total Underlying Fund shares owned by Global Allocation Fund. The expenses assumed by the Underlying Funds are reflected in Expenses assumed by Underlying Funds in Global Allocation Fund’s Statement of Operations and Receivables from affiliates on Global Allocation Fund’s Statement of Assets and Liabilities. Amounts paid pursuant to the Servicing Arrangement are included in Subsidy expense on Emerging Markets Currency Fund’s Statement of Operations and Payable to affiliates on Emerging Markets Currency Fund’s Statement of Assets and Liabilities.

As of June 30, 2013, the percentages of Emerging Markets Currency Fund’s outstanding shares owned by Lord Abbett Balanced Strategy Fund, Lord Abbett Diversified Income Strategy Fund and Lord Abbett Global Allocation Fund were 33.25%, 17.55% and 8.33%, respectively.

12b-1 Distribution Plan

Each Fund has adopted a distribution plan with respect to Class A, B, C, F, P, R2 and R3 shares pursuant to Rule 12b-1 under the Act, which provides for the payment of ongoing distribution and service fees to Lord Abbett Distributor LLC (the “Distributor”), an affiliate of Lord Abbett. The following annual rates have been approved by the Board pursuant to the plan:

Emerging Markets Currency Fund
Fees*	Class A		Class B	Class C(1)	Class F		Class P	Class R2	Class R3
Service	.15	%	.25%	.25%	—		.25%	.25%	.25%
Distribution	.05	%	.75%	.75%	.10	%	.20%	.35%	.25%
Global Allocation Fund
Fees*	Class A		Class B	Class C	Class F		Class P	Class R2	Class R3
Service	.25	%	.25%	.25%	—		.25%	.25%	.25%
Distribution	—		.75%	.75%	.10	%	.20%	.35%	.25%

*	The Fund may designate a portion of the aggregate fee as attributable to service activities for purposes of calculating Financial Industry Regulatory Authority, Inc. (“FINRA”) sales charge limitations.
(1)	The Class C 12b-1 fee is a blended rate calculated based on 1.00% of the Fund’s average daily net assets attributable to Class C shares held for less than one year and .80% (.25% service, .55% distribution) of the Fund’s average daily net assets attributable to Class C shares held for one year or more. All Class C shareholders of the Fund will bear Rule 12b-1 fees at the same rate.

Class I shares do not have a distribution plan.

54

Notes to Financial Statements (unaudited)(continued)

Commissions

Distributor received the following commissions on sales of shares of the Funds, after concessions were paid to authorized dealers, for the six months ended June 30, 2013:

	Distributor Commissions		Dealers’ Concessions
Emerging Markets Currency Fund	$	4,081	$	28,649
Global Allocation Fund		47,291		260,118

Distributor received the following amount of CDSCs for the six months ended June 30, 2013:

	Class A		Class C
Emerging Markets Currency Fund	$	778	$	1,067
Global Allocation Fund		1,394		2,059

A Director and certain of the Company’s officers have an interest in Lord Abbett.

4. DISTRIBUTIONS AND CAPITAL LOSS CARRYFORWARDS  

Dividends from net investment income, if any, are declared daily and paid monthly for Emerging Markets Currency Fund and declared and paid quarterly for Global Allocation Fund. Taxable net realized gains from investment transactions, reduced by allowable capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amounts of dividends and distributions from net investment income and net realized capital gains are determined in accordance with federal income tax regulations, which may differ from accounting principles generally accepted in the United States of America. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions, which exceed earnings and profits for tax purposes, are reported as a tax return of capital.

The tax character of distributions paid during the six months ended June 30, 2013 and the fiscal year ended December 31, 2012 was as follows:

	Emerging Markets Currency Fund				Global Allocation Fund
	Six Months Ended 6/30/2013 (unaudited)		Year Ended 12/31/2012		Six Months Ended 6/30/2013 (unaudited)		Year Ended 12/31/2012
Distributions paid from:
Ordinary income	$	6,079,011	$	9,800,565	$	2,829,406	$	5,927,793
Return of capital		—		1,503,690		—		99,560
Total distributions paid	$	6,079,011	$	11,304,255	$	2,829,406	$	6,027,353

55

Notes to Financial Statements (unaudited)(continued)

As of December 31, 2012, the capital loss carryforwards, along with the related expiration dates, were as follows:

	2017		2018		Indefinite		Total
Emerging Markets Currency Fund	$	—	$	—	$	3,789,379	$	3,789,379
Global Allocation Fund		1,471,601		8,248		—		1,479,849

In accordance with the Regulated Investment Company Modernization Act of 2010, the Funds will carryforward capital losses incurred in taxable years beginning after December 22, 2010 (“post-enactment losses”) indefinitely. Post-enactment losses will also retain their character as either short-term or long-term and be utilized before any pre-enactment losses.

As of June 30, 2013, the aggregate unrealized security gains and losses based on cost for U.S. federal income tax purposes were as follows:

	Emerging Markets Currency Fund			Global Allocation Fund
Tax cost	$	400,874,829		$	181,312,133
Gross unrealized gain		1,460,492			7,865,218
Gross unrealized loss		(7,052,059	)		(2,658,682	)
Net unrealized security gain (loss)	$	(5,591,567	)	$	5,206,536

The difference between book-basis and tax-basis unrealized gains (losses) is attributable to the tax treatment of certain distributions received, wash sales and amortization of premium.

5. PORTFOLIO SECURITIES TRANSACTIONS  

Purchases and sales of investment securities (excluding short-term investments) for the six months ended June 30, 2013 were as follows:

	U.S. Government Purchases*	Non-U.S. Government Purchases	U.S. Government Sales*	Non-U.S. Government Sales
Emerging Markets Currency Fund	$71,774,262	$144,727,398	$66,314,280	$180,061,022
Global Allocation Fund	—	22,897,596	—	17,299,400

* Includes U.S. Government sponsored enterprises securities.

6. DISCLOSURES ABOUT DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  

Emerging Markets Currency Fund entered into forward foreign currency exchange contracts for the six months ended June 30, 2013 (as described in note 2(g)). A forward foreign currency exchange contract reduces the Fund’s exposure to changes in the value of the currency it will deliver (or settle in cash) and increases its exposure to changes in the value of the currency it will receive (or settle in cash) for the duration of the contract. The Fund’s use of forward foreign currency exchange contracts involves the risk that Lord Abbett will not accurately predict currency movements, and the Fund’s returns could be reduced as a result. Forward foreign currency exchange contracts are subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedged positions, that the U.S. dollar will decline relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time. The Fund’s risk of loss from counterparty credit risk is the unrealized appreciation on foreign currency exchange contracts and deposits as collateral.

56

Notes to Financial Statements (unaudited)(continued)

Emerging Markets Currency Fund entered into U.S. Treasury futures contracts for the six months ended June 30, 2013 (as described in note 2(h)) to hedge against changes in interest rates. The Fund bears the risk of interest rates moving unexpectedly, in which case the Fund may not achieve the anticipated benefits of the futures contracts and realize a loss. There is minimal counterparty credit risk to the Fund since futures are exchange traded and the exchange’s clearinghouse, as counterparty to all exchange traded futures, guarantees futures against default.

Emerging Markets Currency Fund entered into credit default swaps for the six months ended June 30, 2013 (as described in note 2(n)) for investment purposes to hedge credit risk or for speculative purposes. Credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying security in the event of a defined credit event, such as payment default or bankruptcy. Under a credit default swap one party acts as a guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying security at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statements of Operations. The Fund’s maximum risk of loss from counterparty risk, either as the protection seller or as the protection buyer, is the fair value of the contract.

Emerging Markets Currency Fund entered into interest rate swaps for the six months ended June 30, 2013 (as described in note 2(m)) to hedge against interest rate risk. The Fund’s use of interest rate swaps involves the risk that Lord Abbett will not accurately predict expectations of interest rates, and the Fund’s returns could be reduced as a result. The Fund’s risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the life of the contract, to the extent that amount is positive.

As of June 30, 2013, Emerging Markets Currency Fund had the following derivatives, grouped into appropriate risk categories that illustrate how and why the Fund uses derivative instruments:

Asset Derivatives	Interest Rate Contracts		Forward Foreign Currency Exchange Contracts		Credit Contracts		Fair Value
Credit Default Swaps(1)	$	—	$	—	$	33,827	$	33,827
Forward Foreign Currency
Exchange Contracts(2)		—		3,276,535		—		3,276,535
Futures Contracts(3)		898,173		—		—		898,173
Total	$	898,173	$	3,276,535	$	33,827	$	4,208,535
Liability Derivatives
Credit Default Swaps(4)	$	—	$	—	$	7,253	$	7,253
Forward Foreign Currency
Exchange Contracts(5)		—		17,390,456		—		17,390,456
Total	$	—	$	17,390,456	$	7,253	$	17,397,709

(1)	Statements of Assets and Liabilities location: Unrealized appreciation on credit default swaps.
(2)	Statements of Assets and Liabilities location: Unrealized appreciation on forward foreign currency exchange contracts.
(3)	Statements of Assets and Liabilities location: Represents cumulative unrealized appreciation/depreciation of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statements of Assets and Liabilities.
(4)	Statements of Assets and Liabilities location: Unrealized depreciation on credit default swaps.
(5)	Statements of Assets and Liabilities location: Unrealized depreciation on forward foreign currency exchange contracts.

57

Notes to Financial Statements (unaudited)(continued)

Transactions in derivative instruments for the six months ended June 30, 2013, were as follows:

	Interest Rate Contracts			Forward Foreign Currency Exchange Contracts			Credit Contracts			Total
Net Realized Gain (Loss)(1)
Credit Default Swaps	$	—		$	—		$	153,397		$	153,397
Forward Foreign Currency
Exchange Contracts		—			4,115,429			—			4,115,429
Futures Contracts		716,172			—			—			716,172
Interest Rate Swaps		(23,585	)		—			—			(23,585	)
Net Change in Unrealized Appreciation/Depreciation(2)
Credit Default Swaps	$	—		$	—		$	(111,579	)	$	(111,579	)
Forward Foreign Currency
Exchange Contracts		—			(19,008,089	)		—			(19,008,089	)
Futures Contracts		779,710			—			—			779,710
Interest Rate Swaps		31,814			—			—			31,814
Average Number of Contracts/ Notional Amounts*
Credit Default Swaps(3)	$	—		$	—		$	4,785,714		$	4,785,714
Forward Foreign Currency
Exchange Contracts(3)		—			690,300,541			—			690,300,541
Futures Contracts(4)		964			—			—			964
Interest Rate Swaps(3)	$	5,142,857		$	—		$	—		$	5,142,857

*	Calculated based on the number of contracts or notional amounts for the six months ended June 30, 2013.
(1)	Statements of Operations location: Net realized gain (loss) on investments, futures contracts, swaps and foreign currency related transactions.
(2)	Statements of Operations location: Net change in unrealized appreciation/depreciation on investments, futures contracts, swaps and translation of assets and liabilities denominated in foreign currencies.
(3)	Amount represents notional amount in U.S. dollars.
(4)	Amount represents number of contracts.

7. DISCLOSURES ABOUT OFFSETTING ASSETS AND LIABILITIES  

The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2011–11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011–11”). These disclosure requirements are intended to help better assess the effect or potential effect of offsetting arrangements on a fund’s financial position. In addition, FASB issued Accounting Standards Update No. 2013–01 “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities” (“ASU 2013–01”), specifying which transactions are subject to disclosures about offsetting.

The following tables illustrate Emerging Markets Currency Fund’s gross and net information about recognized assets and liabilities eligible for offset in the Statement of Assets and Liabilities; and disclose such amounts subject to an enforceable master netting agreement or similar agreement, by counterparty. A master netting agreement is an agreement between two counterparties who have multiple contracts with each other that provides for the net settlement of all contracts, as well as cash collateral, through single payment in the event of default on or termination of any one contract:

58

Notes to Financial Statements (unaudited)(continued)

Description	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statements of Assets and Liabilities		Net Amounts of Assets Presented in the Statements of Assets and Liabilities
Forward Foreign Currency Exchange Contracts	$	3,276,535	$	—	$	3,276,535
Swaps		33,827		—		33,827
Total	$	3,310,362	$	—	$	3,310,362

			Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amounts of Assets Presented in the Statements of Assets and Liabilities		Financial Instruments			Cash Collateral Received(a)		Net Amount(b)
Barclays Bank plc	$	513,898	$	(513,898	)	$	—	$	—
Credit Suisse		6,001		(6,001	)		—		—
Deutsche Bank		786,472		(786,472	)		—		—
Goldman Sachs		261,613		(261,613	)		—		—
J.P. Morgan		824,883		(824,883	)		—		—
Morgan Stanley		49,395		(49,395	)		—		—
UBS AG		868,100		(868,100	)		—		—
Total	$	3,310,362	$	(3,310,362	)	$	—	$	—

Description	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statements of Assets and Liabilities		Net Amounts of Liabilities Presented in the Statements of Assets and Liabilities
Forward Foreign Currency Exchange Contracts	$	17,390,456	$	—	$	17,390,456
Swaps		7,253		—		7,253
Total	$	17,397,709	$	—	$	17,397,709

			Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amounts of Liabilities Presented in the Statements of Assets and Liabilities		Financial Instruments			Cash Collateral Pledged(a)			Net Amount(c)
Barclays Bank plc	$	3,451,072	$	(513,898	)	$	(2,937,174	)	$	—
Credit Suisse		1,160,661		(6,001	)		(1,154,660	)		—
Deutsche Bank		2,094,131		(786,472	)		(1,307,659	)		—
Goldman Sachs		1,224,073		(261,613	)		(962,460	)		—
J.P. Morgan		5,743,587		(824,883	)		(4,918,704	)		—
Morgan Stanley		2,476,850		(49,395	)		(2,410,000	)		17,455
UBS AG		1,247,335		(868,100	)		(379,235	)		—
Total	$	17,397,709	$	(3,310,362	)	$	(14,069,892	)	$	17,455

(a)	Collateral received (or pledged) is limited to an amount not to exceed 100% of the net amount of assets (or liabilities) in the tables presented above, for each respective counterparty.
(b)	Net Amount represents the amount that is subject to loss in the event of a counterparty failure as of June 30, 2013.
(c)	Net Amount represents amounts under collateralized by the Fund to each counterparty as of June 30, 2013.

59

Notes to Financial Statements (unaudited)(continued)

8. DIRECTORS’ REMUNERATION  

The Company’s officers and a Director, who are associated with Lord Abbett, do not receive any compensation from the Company for serving in such capacities. Independent Directors’ fees are allocated among all Lord Abbett-sponsored funds based on the net assets of each fund. There is an equity-based plan available to all Independent Directors under which Independent Directors must defer receipt of a portion of, and may elect to defer receipt of an additional portion of, Directors’ fees. The deferred amounts are treated as though equivalent dollar amounts had been invested in the funds. Such amounts and earnings accrued thereon are included in Directors’ fees on the Statements of Operations and in Directors’ fees payable on the Statements of Assets and Liabilities and are not deductible for U.S. federal income tax purposes until such amounts are paid.

9. EXPENSE REDUCTIONS  

The Company has entered into an arrangement with its transfer agent and custodian, whereby credits realized as a result of uninvested cash balances are used to reduce a portion of each Fund’s expenses.

10. LINE OF CREDIT  

On April 2, 2012, Emerging Markets Currency Fund and certain other funds managed by Lord Abbett (the “participating funds”) entered into an unsecured revolving credit facility (“Facility”) with State Street Bank and Trust Company (“SSB”), to be used for temporary or emergency purposes as an additional source of liquidity to fund redemptions of investor shares. The Board considers annual renewal of the Facility under terms that depend on market conditions at the time of the renewal. The amounts available under the Facility are (i) the lesser of either $250,000,000 or 33.33% of total assets per participating fund and (ii) $350,000,000 in the aggregate for all participating funds. The annual fee to maintain the Facility is .09% of the amount available under the Facility. Each participating fund pays its pro rata share based on the net assets of each participating fund. This amount is included in Other expenses on the Fund’s Statement of Operations. Any borrowings under this Facility will bear interest at current market rates as set forth in the credit agreement.

Effective April 1, 2013, Emerging Markets Currency Fund and the participating funds entered into a short term extension of the Facility through June 30, 2013. Effective July 1, 2013, the Emerging Markets Currency Fund and the participating funds renewed the Facility through June 30, 2014 under the same terms as described above.

During the six months ended June 30, 2013, a participating fund utilized the Facility and fully repaid its borrowings on June 13, 2013. As of June 30, 2013, there were no loans outstanding pursuant to this Facility.

11. CUSTODIAN AND ACCOUNTING AGENT  

SSB is the Company’s custodian and accounting agent. SSB performs custodial, accounting and recordkeeping functions relating to portfolio transactions and calculating each Fund’s NAV.

12. TRANSACTIONS WITH AFFILIATED ISSUERS  

An affiliated issuer is one in which a Fund has ownership of at least 5% of the outstanding voting securities of the underlying issuer at any point during the fiscal year or any company which is under common ownership or control. Global Allocation Fund had the following transactions with affiliated issuers (i.e. the Underlying Funds) for the six months ended June 30, 2013:

60

Notes to Financial Statements (unaudited)(continued)

Affiliated Issuer	Balance of Shares Held at 12/31/2012		Gross Additions		Gross Sales			Balance of Shares Held at 6/30/2013		Fair Value at 6/30/2013		Net Realized Gain (Loss) 1/1/2013 to 6/30/2013			Dividend Income 1/1/2013 to 6/30/2013
Lord Abbett Affiliated Fund, Inc. – Class I		142,096		90,623		(232,719	)		—	$	—	$	236,687		$	9,230
Lord Abbett Equity Trust – Calibrated Large Cap Value Fund – Class I		50,689		—		—			50,689		1,037,598		—			—
Lord Abbett Equity Trust – Calibrated Mid Cap Value Fund – Class I		666,452		47,493		—			713,945		14,400,270		—			—
Lord Abbett Global Fund, Inc. – Emerging Markets Currency Fund – Class I		5,082,070		820,893		(311,071	)		5,591,892		35,061,163		(22,504	)		496,911
Lord Abbett Investment Trust – High Yield Fund – Class I		2,406,133		452,782		(68,371	)		2,790,544		21,905,770		78,523			697,622
Lord Abbett Securities Trust – International Dividend Income Fund – Class I		9,353,041		620,519		(973,009	)		9,000,551		72,094,416		(866,168	)		2,006,007
Lord Abbett Mid Cap Stock Fund, Inc. – Class I		1,907,046		47,806		(109,368	)		1,845,484		37,629,417		240,869			—
Lord Abbett Investment Trust – Short Duration Income Fund – Class I		—		1,189,020		(226,293	)		962,727		4,390,035		—			33,609
Total										$	186,518,669	$	(332,593	)	$	3,243,379

13. INVESTMENT RISKS  

Each Fund is subject to the risks of investing in securities that are issued by non-U.S. entities, the risks of investing in derivatives, liquidity risk, and the risks from leverage.

Foreign securities may pose greater risks than domestic securities, including greater price fluctuations, less government regulation, and higher transaction costs. These risks generally are greater for emerging markets securities. Foreign investments also may be affected by changes in currency rates or currency controls.

Derivatives are subject to risks such as liquidity risk, leveraging risk, interest rate risk, market risk, and credit risk. Derivatives also involve the risk of mispricing or improper valuation and the risk that changes in the value of the derivative may not correlate perfectly with the value of the underlying asset, rate, or index. Whether a Fund’s use of derivatives is successful will depend on, among other things, the Fund’s ability to correctly forecast market movements, changes in foreign exchange and interest rates, and other factors. If a Fund incorrectly forecasts these and other factors, its performance could suffer. A Fund’s use of derivatives could result in a loss exceeding the amount of the Fund’s investment in these instruments.

Emerging Markets Currency Fund is non-diversified, which means that it may invest a greater portion of its assets in a single issuer than a diversified fund. Thus, it may be exposed to greater risk.

61

Notes to Financial Statements (unaudited)(continued)

Each Fund may invest in swap contracts. Swap contracts are bilateral agreements between a fund and its counterparty. Each party is exposed to the risk of default by the other. In addition, swap contracts may involve a small investment of cash compared to the risk assumed, with the result that small changes may produce disproportionate and substantial gains or losses to a Fund.

Each Fund may invest in credit default swap contracts. Such contracts are subject to the risk that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements, and that there may be unfavorable changes in interest rates, and that Lord Abbett does not correctly predict the creditworthiness of the issuers of the reference obligation on which the credit default swap is based.

Illiquid securities may lower a Fund’s returns since the Fund may be unable to sell these securities at its desired time or price.

Leverage, including borrowing, may increase volatility in a Fund by magnifying the effect of changes in the value of the Fund’s holdings. The use of leverage may cause investors in a Fund to lose more money in adverse environments than would be the case in the absence of leverage.

Each Fund is subject to the general risks and considerations associated with investing in debt securities, including interest rate risk. When interest rates rise, the prices of debt securities and an investment in a Fund are likely to decline. In times of economic uncertainty, high-yield debt securities (or “junk bonds”) may decline in price, even when interest rates are falling. There is also the risk that an issuer of a debt security will fail to make timely payments of principal or interest to a Fund, a risk that is greater with junk bonds.

The mortgage-related securities in which a Fund may invest may be particularly sensitive to changes in prevailing interest rates, economic conditions, including delinquencies and/or defaults. These changes can affect the value, income and/or liquidity of such positions. When interest rates are declining, the value of these securities with prepayment features may not increase as much as other fixed income securities. Early principal repayment may deprive a Fund of income payments above current market rates. Alternatively, rising interest rates may cause payments to occur at a slower-than-expected rate, extending the duration of a security and typically reducing its value. The payment rate will thus affect the price and volatility of a mortgage-related security.

Foreign currency exchange rates may fluctuate significantly over short periods of time. Emerging Markets Currency Fund’s use of currency-related transactions involves the risk that Lord Abbett will not accurately predict currency movements, and the Fund’s returns could be reduced as a result. A decline in the value of foreign currencies relative to the U.S. dollar will reduce the value of securities held by Emerging Markets Currency Fund that are denominated in those currencies.

The securities markets of developing or emerging countries tend to be less liquid, are especially subject to greater price volatility, have a smaller market capitalization, have less government regulation and may not be subject to as extensive and frequent accounting, financial, and other reporting requirements as securities issued in more developed countries.

Emerging Markets Currency Fund believes that its investment strategies with respect to foreign currencies will generate qualifying income under current U.S. federal income tax law. However, there can be no assurance that the U.S. Treasury Department will not issue regulations in the future (possibly with retroactive effect) that would treat some or all of the Fund’s foreign currency gains as nonqualifying income.

62

Notes to Financial Statements (unaudited)(continued)

The value of Global Allocation Fund’s investments will fluctuate in response to various factors related to domestic and foreign equity and fixed income markets, as well as the financial condition and prospects of issuers in which the Fund invests through its Underlying Funds. Because equity and fixed income investments can move in different directions or to different degrees, fixed income investments may counteract some of the volatility experienced by equity holdings, but the diminished risk that may accompany this investment approach also may result in lower returns.

These factors can affect each Fund’s performance.

14. SUMMARY OF CAPITAL TRANSACTIONS  

Transactions in shares of capital stock were as follows:

Emerging Markets Currency Fund	Six Months Ended June 30, 2013 (unaudited)						Year Ended December 31, 2012
Class A Shares	Shares			Amount			Shares			Amount
Shares sold		2,432,283		$	16,149,875			3,757,643		$	24,345,954
Converted from Class B*		17,635			115,782			24,737			159,490
Reinvestment of distributions		135,625			887,577			289,200			1,872,926
Shares reacquired		(2,706,071	)		(17,759,746	)		(5,926,704	)		(38,303,761	)
Decrease		(120,528	)	$	(606,512	)		(1,855,124	)	$	(11,925,391	)
Class B Shares
Shares sold		1,467		$	9,819			10,818		$	68,868
Reinvestment of distributions		1,366			8,995			3,704			24,089
Shares reacquired		(25,435	)		(168,039	)		(77,789	)		(499,593	)
Converted to Class A*		(17,555	)		(115,782	)		(24,626	)		(159,490	)
Decrease		(40,157	)	$	(265,007	)		(87,893	)	$	(566,126	)
Class C Shares
Shares sold		440,684		$	2,941,324			785,246		$	5,102,670
Reinvestment of distributions		25,822			170,042			62,054			404,207
Shares reacquired		(780,842	)		(5,164,256	)		(2,474,000	)		(16,060,369	)
Decrease		(314,336	)	$	(2,052,890	)		(1,626,700	)	$	(10,553,492	)
Class F Shares
Shares sold		3,456,144		$	22,793,872			4,840,724		$	31,183,175
Reinvestment of distributions		90,458			591,720			219,054			1,417,322
Shares reacquired		(4,684,009	)		(30,693,388	)		(6,740,611	)		(43,176,965	)
Decrease		(1,137,407	)	$	(7,307,796	)		(1,680,833	)	$	(10,576,468	)
Class I Shares
Shares sold		7,307,747		$	48,138,070			23,966,025		$	155,303,285
Reinvestment of distributions		590,673			3,855,424			994,229			6,428,608
Shares reacquired		(6,810,282	)		(44,597,342	)		(3,315,979	)		(21,233,561	)
Increase		1,088,138		$	7,396,152			21,644,275		$	140,498,332

63

Notes to Financial Statements (unaudited)(continued)

Emerging Markets Currency Fund	Six Months Ended June 30, 2013 (unaudited)						Year Ended December 31, 2012
Class P Shares	Shares			Amount			Shares			Amount
Reinvestment of distributions		19		$	120			35		$	233
Shares reacquired		(1	)		(6	)		—	(a)		(3	)
Increase		18		$	114			35		$	230
Class R2 Shares
Shares sold		7,782		$	51,348			51,280		$	325,886
Reinvestment of distributions		13			89			32			206
Shares reacquired		(15,726	)		(104,770	)		(41,598	)		(271,613	)
Increase (decrease)		(7,931	)	$	(53,333	)		9,714		$	54,479
Class R3
Shares sold		29,918		$	197,492			62,494		$	404,137
Reinvestment of distributions		899			5,874			1,771			11,450
Shares reacquired		(48,170	)		(318,853	)		(38,015	)		(246,426	)
Increase (decrease)		(17,353	)	$	(115,487	)		26,250		$	169,161

*	Automatic conversion of Class B shares occurs on the 25th day of the month (or, if the 25th day is not a business day, the next business day thereafter) following the eighth anniversary of the day on which the purchase order was accepted.
(a)	Value is less than 1 share.

Global Allocation Fund	Six Months Ended  June 30, 2013  (unaudited)					Year Ended December 31, 2012
Class A Shares	Shares			Amount			Shares			Amount
Shares sold	1,294,436		$	15,488,544			1,552,196		$	17,000,236
Converted from Class B*	42,184			505,609			93,200			1,029,990
Reinvestment of distributions	152,967			1,791,816			345,422			3,800,383
Shares reacquired	(955,811	)		(11,443,968	)		(2,800,046	)		(30,588,025	)
Increase (decrease)	533,776		$	6,342,001			(809,228	)	$	(8,757,416	)
Class B Shares
Shares sold	18,803		$	206,561			40,503		$	411,873
Reinvestment of distributions	7,585			81,647			21,945			222,539
Shares reacquired	(46,139	)		(510,307	)		(172,488	)		(1,738,387	)
Converted to Class A*	(45,828	)		(505,609	)		(101,001	)		(1,029,990	)
Decrease	(65,579	)	$	(727,708	)		(211,041	)	$	(2,133,965	)
Class C Shares
Shares sold	468,463		$	5,170,589			800,084		$	8,165,734
Reinvestment of distributions	33,802			364,242			80,450			818,422
Shares reacquired	(549,536	)		(6,035,605	)		(814,477	)		(8,174,226	)
Increase (decrease)	(47,271	)	$	(500,774	)		66,057		$	809,930
Class F Shares
Shares sold	100,398		$	1,198,814			73,178		$	805,841
Reinvestment of distributions	2,878			33,717			6,196			68,285
Shares reacquired	(45,694	)		(543,050	)		(174,083	)		(1,860,127	)
Increase (decrease)	57,582		$	689,481			(94,709	)	$	(986,001	)

64

Notes to Financial Statements (unaudited)(concluded)

Global Allocation Fund	Six Months Ended June 30, 2013 (unaudited)					Year Ended December 31, 2012
Class I Shares	Shares			Amount		Shares			Amount
Shares sold	5,571		$	67,048		575,905		$	6,222,060
Reinvestment of distributions	28,201			332,274		55,529			616,411
Shares reacquired	(16,924	)		(201,045	)	(53,055	)		(584,559	)
Increase	16,848		$	198,277		578,379		$	6,253,912
Class R2 Shares
Shares sold	996		$	11,905		1,137		$	12,711
Reinvestment of distributions	119			1,408		289			3,236
Shares reacquired	(1,310	)		(15,934	)	(705	)		(7,402	)
Increase (decrease)	(195	)	$	(2,621	)	721		$	8,545
Class R3 Shares
Shares sold	86,532		$	1,039,775		184,157		$	2,009,518
Reinvestment of distributions	6,518			76,661		13,808			152,882
Shares reacquired	(88,131	)		(1,054,605	)	(61,723	)		(674,244	)
Increase	4,919		$	61,831		136,242		$	1,488,156

* Automatic conversion of Class B shares occurs on the 25th day of the month (or, if the 25th day is not a business day, the next business day thereafter) following the eighth anniversary of the day on which the purchase order was accepted.

65

Investments in Underlying Funds (unaudited)

Global Allocation Fund invests in Underlying Funds managed by Lord Abbett. As of June 30, 2013, Global Allocation Fund’s long-term investments were allocated among the Underlying Funds as follows:

Underlying Fund Name	% of Investments
Lord Abbett Equity Trust - Calibrated Large Cap Value Fund - Class I		.56	%
Lord Abbett Equity Trust - Calibrated Mid Cap Value Fund - Class I		7.72	%
Lord Abbett Global Fund, Inc. - Emerging Markets Currency Fund - Class I		18.80	%
Lord Abbett Investment Trust - High Yield Fund - Class I		11.74	%
Lord Abbett Securities Trust - International Dividend Income Fund - Class I		38.65	%
Lord Abbett Mid Cap Stock Fund, Inc. - Class I		20.18	%
Lord Abbett Investment Trust - Short Duration Income Fund - Class I		2.35	%

The Ten Largest Holdings and the Holdings by Sector, as of June 30, 2013, for each Underlying Fund are presented below. Each Underlying Fund’s annual and semiannual reports, which are sent to shareholders and filed with the SEC, contain information about the Underlying Fund’s portfolio holdings, including a complete schedule of holdings. A complete schedule of holdings for each Underlying Fund is also filed with the SEC on Form N-Q as of the end of each respective Underlying Fund’s first and third quarters. In addition, on or about the first day of the second month following each calendar quarter-end, each Fund makes publicly available a complete schedule of its portfolio holdings as of the last day of each such quarter. The information for the most recently ended calendar quarter may be viewed at www.lordabbett.com or requested at no charge by calling Lord Abbett at 888-522-2388.

Lord Abbett Equity Trust — Calibrated Large Cap Value Fund

Ten Largest Holdings	% of Investments
JPMorgan Chase & Co.		4.41	%
Exxon Mobil Corp.		3.44	%
Pfizer, Inc.		3.13	%
Chevron Corp.		2.91	%
Cisco Systems, Inc.		2.78	%
Citigroup, Inc.		2.32	%
SunTrust Banks, Inc.		2.22	%
Cardinal Health, Inc.		2.14	%
ACE Ltd.		2.02	%
Ford Motor Co.		2.00	%

66

Investments in Underlying Funds (unaudited)(continued)

Holdings by Sector*	% of Investments
Consumer Discretionary		6.54	%
Consumer Staples		6.22	%
Energy		15.01	%
Financials		29.66	%
Health Care		12.43	%
Industrials		9.41	%
Information Technology		8.48	%
Materials		3.01	%
Telecommunication Services		2.45	%
Utilities		5.97	%
Short-Term Investment		0.82	%
Total		100.00	%

* A sector may comprise several industries.

Lord Abbett Equity Trust — Calibrated Mid Cap Value Fund

Ten Largest Holdings	% of Investments
AES Corp. (The)		2.31	%
SunTrust Banks, Inc.		2.30	%
Everest Re Group Ltd.		2.24	%
Great Plains Energy, Inc.		2.03	%
Cardinal Health, Inc.		2.02	%
CIT Group, Inc.		1.96	%
Hartford Financial Services Group, Inc.		1.95	%
Paychex, Inc.		1.93	%
PPL Corp.		1.91	%
Allegheny Technologies, Inc.		1.87	%
Holdings by Sector*	% of Investments
Consumer Discretionary		8.23	%
Consumer Staples		3.51	%
Energy		7.37	%
Financials		33.17	%
Health Care		7.87	%
Industrials		10.45	%
Information Technology		10.41	%
Materials		5.52	%
Telecommunication Services		0.42	%
Utilities		12.12	%
Short-Term Investment		0.93	%
Total		100.00	%

* A sector may comprise several industries.

67

Investments in Underlying Funds (unaudited)(continued)

Lord Abbett Global Fund, Inc. — Emerging Markets Currency Fund

Ten Largest Holdings	% of Investments
Turkey Government Bond, Zero Coupon, 9/11/2013		4.48	%
Hungary Treasury Bill, Zero Coupon, 7/24/2013		3.35	%
Turkey Government Bond, 10.00%, 12/4/2013		2.13	%
Federal National Mortgage Assoc., 4.50%, 11/1/2018		1.38	%
Nigeria Treasury Bill, Zero Coupon, 11/21/2013		1.14	%
Morgan Stanley, 4.75%, 4/1/2014		0.90	%
Anadarko Petroleum Corp., 7.625%, 3/15/2014		0.89	%
Anglo American Capital plc (United Kingdom), 9.375%, 4/8/2014		0.86	%
Wm. Wrigley Jr. Co., 3.70%, 6/30/2014		0.81	%
Canadian Oil Sands Ltd. (Canada), 5.80%, 8/15/2013		0.76	%
Holdings by Sector*	% of Investments
Asset-Backed		10.78	%
Automotive		0.95	%
Banking		4.39	%
Basic Industry		3.40	%
Capital Goods		0.92	%
Consumer Cyclical		1.96	%
Consumer Non-Cyclical		1.40	%
Energy		7.93	%
Financial Services		0.84	%
Foreign Government		11.18	%
Health Care		2.52	%
Insurance		0.97	%
Integrated Oils		0.38	%
Media		2.40	%
Mortgage-Backed		40.70	%
Real Estate		1.94	%
Services		1.75	%
Supranational		0.25	%
Technology & Electronics		1.54	%
Telecommunications		2.14	%
Utility		1.66	%
Total		100.00	%

* A sector may comprise several industries.

68

Investments in Underlying Funds (unaudited)(continued)

Lord Abbett Investment Trust — High Yield Fund

Ten Largest Holdings	% of Investments
Alliance Data Systems Corp., 6.375%, 4/1/2020		0.90	%
First Data Corp.,12.625%, 1/15/2021		0.89	%
LBG Capital No.1 plc, 8.00%		0.77	%
AMC Networks, Inc., 7.75%, 7/15/2021		0.75	%
Sprint Nextel Corp., 7.00%, 8/15/2020		0.73	%
Delphi Corp., 5.00%, 2/15/2023		0.69	%
Red de Carreteras de Occidente S.A.P.I.B. de CV, 9.00%, 6/10/2028		0.67	%
Sprint Nextel Corp., 9.00%, 11/15/2018		0.57	%
ROC Finance LLC/ROC Finance 1 Corp., 12.125%, 9/1/2018		0.55	%
Intelsat Luxembourg SA, 7.75%, 6/1/2021		0.53	%
Holdings by Sector*	% of Investments
Automotive		2.51	%
Banking		2.24	%
Basic Industry		9.16	%
Capital Goods		5.80	%
Consumer Cyclical		7.25	%
Consumer Non-Cyclical		5.22	%
Energy		13.86	%
Financial Services		3.61	%
Healthcare		5.38	%
Insurance		0.86	%
Media		8.41	%
Real Estate		0.35	%
Services		15.04	%
Technology & Electronics		6.08	%
Telecommunications		8.20	%
Utility		6.03	%
Total		100.00	%

* A sector may comprise several industries.

69

Investments in Underlying Funds (unaudited)(continued)

Lord Abbett Securities Trust — International Dividend Income Fund

Ten Largest Holdings	% of Investments
National Australia Bank Ltd.		2.04	%
Toyota Motor Corp.		1.72	%
KDDI Corp.		1.70	%
Nissan Motor Co., Ltd.		1.69	%
Roche Holding AG		1.67	%
EDP—Energias de Portugal SA		1.65	%
AXA SA		1.61	%
Sumitomo Corp.		1.59	%
Total SA ADR		1.57	%
Bezeq The Israeli Telecommunication Corp., Ltd.		1.57	%
Holdings by Sector*	% of Investments
Consumer Discretionary		11.37	%
Consumer Staples		9.25	%
Energy		9.04	%
Financials		21.39	%
Health Care		5.73	%
Industrials		9.61	%
Information Technology		3.75	%
Materials		3.94	%
Telecommunication Services		12.38	%
Utilities		10.38	%
Short-Term Investment		3.16	%
Total		100.00	%

* A sector may comprise several industries.

Lord Abbett Mid Cap Stock Fund, Inc.

Ten Largest Holdings	% of Investments
Hartford Financial Services Group, Inc.		2.10	%
CIGNA Corp.		1.80	%
SunTrust Banks, Inc.		1.73	%
CIT Group, Inc.		1.72	%
Jones Lang LaSalle, Inc.		1.61	%
Interpublic Group of Cos., Inc. (The)		1.59	%
XL Group plc (Ireland)		1.56	%
Fidelity National Information Services, Inc.		1.55	%
Actavis, Inc.		1.52	%
Macy’s, Inc.		1.52	%

70

Investments in Underlying Funds (unaudited)(continued)

Holdings by Sector*	% of Investments
Consumer Discretionary		8.80	%
Consumer Staples		3.54	%
Energy		7.65	%
Financials		31.02	%
Health Care		11.48	%
Industrials		12.74	%
Information Technology		10.73	%
Materials		6.61	%
Utilities		6.31	%
Short-Term Investment		1.12	%
Total		100.00	%

* A sector may comprise several industries.

Lord Abbett Investment Trust — Short Duration Income Fund

Ten Largest Holdings	% of Investments
U.S. Treasury Note, 0.375%, 3/15/2015		2.34	%
QVC, Inc., 7.50%, 10/1/2019		0.56	%
Fidelity National Information Services, Inc., 7.875%, 7/15/2020		0.55	%
Mylan, Inc., 6.00%, 11/15/2018		0.52	%
Citigroup, Inc., 5.00%, 9/15/2014		0.51	%
Host Hotels & Resorts LP, 6.00%, 11/1/2020		0.51	%
Commercial Mortgage Pass-Through Certificates 2013-CR6 A2		0.50	%
Banc of America Large Loan, Inc. 2010-HLTN, 2.491%, 11/15/2015		0.49	%
Merrill Lynch/Countrywide Commercial Mortgage Trust 2007-5 AM, 5.419%, 8/12/2048		0.49	%
JPMorgan Chase Bank NA, 6.00%, 10/1/2017		0.49	%

71

Investments in Underlying Funds (unaudited)(concluded)

Holdings by Sector*	% of Investments
Auto		0.63	%
Basic Industry		1.09	%
Capital Goods		0.14	%
Consumer Cyclicals		3.36	%
Consumer Discretionary		2.16	%
Consumer Non-Cyclical		0.19	%
Consumer Services		1.43	%
Consumer Staples		0.96	%
Energy		6.18	%
Financial Services		53.88	%
Foreign Government		0.74	%
Health Care		2.60	%
Integrated Oils		2.99	%
Materials and Processing		3.95	%
Municipal		0.12	%
Producer Durables		0.67	%
Technology		1.71	%
Telecommunications		1.96	%
Transportation		0.98	%
U.S. Government		10.50	%
Utilities		1.80	%
Short-Term Investment		1.96	%
Total		100.00	%

* A sector may comprise several industries.

72

Householding

The Company has adopted a policy that allows it to send only one copy of each Fund’s prospectus, proxy material, annual report and semiannual report to certain shareholders residing at the same “household.” This reduces Fund expenses, which benefits you and other shareholders. If you need additional copies or do not want your mailings to be “householded,” please call Lord Abbett at 888-522-2388 or send a written request with your name, the name of your fund or funds and your account number or numbers to Lord Abbett Family of Funds, P.O. Box 219336, Kansas City, MO 64121.

Proxy Voting Policies, Procedures and Records

A description of the policies and procedures that Lord Abbett uses to vote proxies related to each Fund’s portfolio securities, and information on how Lord Abbett voted each Fund’s proxies during the 12-month period ended June 30 are available without charge, upon request, (i) by calling 888-522-2388; (ii) on Lord Abbett’s Website at www.lordabbett.com; and (iii) on the Securities and Exchange Commission’s (“SEC”) Website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available without charge, upon request on the SEC’s Website at www.sec.gov and may be available by calling Lord Abbett at 888-522-2388. You can also obtain copies of Form N-Q by visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 800-SEC-0330).

73

This report, when not used for the general information of shareholders of the Fund, is to be distributed only if preceded or accompanied by a current fund prospectus.
	Lord Abbett Global Fund, Inc.
Lord Abbett mutual fund shares are distributed by LORD ABBETT DISTRIBUTOR LLC.	Lord Abbett Emerging Markets Currency Fund Lord Abbett Global Allocation Fund	LAGF-3-0613 (08/13)

2 0 1 3

L O R D  A B B E T T

S E M I A N N U A L

R E P O R T

Lord Abbett

Emerging Markets Local Bond Fund

For the period ended June 30, 2013

Table of Contents

1	A Letter to Shareholders
2	Information About Your Fund’s Expenses and Holdings Presented by Sector
4	Schedule of Investments
8	Statement of Assets and Liabilities
10	Statement of Operations
11	Statement of Changes in Net Assets
12	Financial Highlights
18	Notes to Financial Statements
30	Supplemental Information to Shareholders

Lord Abbett Emerging Markets Local Bond Fund
Semiannual Report

For the period ended June 30, 2013

Dear Shareholders: We are pleased to provide you with this semiannual report for Lord Abbett Emerging Markets Local Bond Fund for the period ended June 30, 2013. For additional information about the Fund, please visit our Website at www.lordabbett.com, where you can access the quarterly commentaries by the Fund’s portfolio managers. General information about Lord Abbett mutual funds, as well as in-depth discussions of market trends and investment strategies, is also provided in Lord Abbett Insights, a quarterly newsletter available on our Website.

Thank you for investing in Lord Abbett mutual funds. We value the trust that you place in us and look forward to serving your investment needs in the years to come.

Best regards,

 

Daria L. Foster

Director, President and Chief Executive Officer

1

Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments (these charges vary among the share classes); and (2) ongoing costs, including management fees; distribution and service (12b-1) fees (these charges vary among the share classes); and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (June 21, 2013, commencement of operations, through June 30, 2013).

Actual Expenses

For each class of the Fund, the first line of the table on the following page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading titled “Expenses Paid During Period 6/21/13 – 6/30/13” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

For each class of the Fund, the second line of the table on the following page provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

2

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads). Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Beginning Account Value			Ending Account Value			Expenses Paid During Period†
	6/21/13			6/30/13			6/21/13 - 6/30/13
Class A*
Actual		$	1,000.00		$	1,008.70		$	0.00
Hypothetical (5% Return Before Expenses)		$	1,000.00		$	1,001.37		$	0.00
Class C*
Actual		$	1,000.00		$	1,008.70		$	0.00
Hypothetical (5% Return Before Expenses)		$	1,000.00		$	1,001.37		$	0.00
Class F*
Actual		$	1,000.00		$	1,008.70		$	0.00
Hypothetical (5% Return Before Expenses)		$	1,000.00		$	1,001.37		$	0.00
Class I*
Actual		$	1,000.00		$	1,008.70		$	0.00
Hypothetical (5% Return Before Expenses)		$	1,000.00		$	1,001.37		$	0.00
Class R2*
Actual		$	1,000.00		$	1,008.70		$	0.00
Hypothetical (5% Return Before Expenses)		$	1,000.00		$	1,001.37		$	0.00
Class R3*
Actual		$	1,000.00		$	1,008.70		$	0.00
Hypothetical (5% Return Before Expenses)		$	1,000.00		$	1,001.37		$	0.00

†	For each class of the Fund, net expenses are equal to the annualized expense ratio for such class (0.00% for Class A, 0.00% for Class C, 0.00% for Class F, 0.00% for Class I, 0.00% for Class R2 and 0.00% for Class R3) multiplied by the average account value over the period, multiplied by 10/365 (to reflect the period June 21, 2013, commencement of investment operations, to June 30, 2013).
*	The annualized expenses of each class have been restated (1.05% for Class A, 1.85% for Class C, 0.95% for Class F, 0.85% for Class I, 1.45% for Class R2 and 1.35% for Class R3). Had these restated expenses been in place throughout the most recent period, expenses paid during the period would have been:

	Actual			Hypothetical (5% Return Before Expenses)
Class A		$	0.29		$	0.29
Class C		$	0.51		$	0.51
Class F		$	0.26		$	0.26
Class I		$	0.23		$	0.23
Class R2		$	0.40		$	0.40
Class R3		$	0.37		$	0.37

Portfolio Holdings Presented by Sector

June 30, 2013

Sector*	%**
Consumer Services	2.31%
Financial Services	13.06%
Foreign Government	79.06%
Telecommunications	2.31%
Transportation	2.14%
Utilities	1.12%
Total	100.00%

*	A sector may comprise several industries.
**	Represents percent of total investments.

3

Schedule of Investments (unaudited)

June 30, 2013

Investments	Interest Rate	Maturity Date	Principal Amount (000)		U.S. $ Fair Value
FOREIGN BONDS(a) 35.34%
Brazil 8.74%
Banco do Brasil SA†	9.75%	7/18/2017	BRL	155	$	69,812
Brazil Letras do Tesouro Nacional	Zero Coupon	1/1/2016	BRL	575		200,177
Brazil Notas do Tesouro Nacional Series F	10.00%	1/1/2021	BRL	230		98,533
Itau Unibanco Holding SA†	10.50%	11/23/2015	BRL	160		72,243
Total						440,765
Colombia 3.74%
Colombian TES Series B	11.00%	7/24/2020	COP	295,000		188,757
Luxembourg 1.98%
Russian Agricultural Bank OJSC Via
RSHB Capital SA†	8.625%	2/17/2017	RUB	3,300		99,785
Malaysia 4.51%
Bank Negara Malaysia Monetary Notes	Zero Coupon	1/9/2014	MYR	731		227,707
Mexico 10.42%
America Movil SAB de CV	9.00%	1/15/2016	MXN	1,300		108,676
Grupo Televisa SAB†	8.49%	5/11/2037	MXN	1,400		108,689
Mexican Bonos	5.00%	6/15/2017	MXN	1,000		77,476
Mexican Bonos	6.25%	6/16/2016	MXN	950		77,057
Mexican Bonos	7.75%	5/29/2031	MXN	600		51,406
Petroleos Mexicanos†	7.65%	11/24/2021	MXN	1,250		102,537
Total						525,841
South Africa 3.05%
Eskom Holdings SOC Ltd.	Zero Coupon	12/31/2018	ZAR	800		52,605
Transnet SOC Ltd.	8.90%	11/14/2027	ZAR	1,000		101,021
Total						153,626
Turkey 2.90%
Akbank TAS†	7.50%	2/5/2018	TRY	305		145,993
Total Foreign Bonds (cost $1,757,888)						1,782,474
FOREIGN GOVERNMENT OBLIGATIONS(a) 58.07%
Colombia 1.20%
Republic of Colombia	12.00%	10/22/2015	COP	101,000		60,560

4 See Notes to Financial Statements.

Schedule of Investments (unaudited)(continued)

June 30, 2013

Investments	Interest Rate	Maturity Date	Principal Amount (000)		U.S. $ Fair Value
Hungary 4.26%
Hungary Government Bond	6.75%	11/24/2017	HUF	25,730	$	119,860
Hungary Government Bond	7.75%	8/24/2015	HUF	20,220		94,891
Total						214,751
Indonesia 4.17%
Indonesia Treasury Bond	7.00%	5/15/2022	IDR	397,000		39,643
Indonesia Treasury Bond	10.00%	2/15/2028	IDR	1,410,000		170,478
Total						210,121
Malaysia 3.94%
Malaysia Government Bond	4.012%	9/15/2017	MYR	306		98,844
Malaysia Government Bond	4.378%	11/29/2019	MYR	302		100,029
Total						198,873
Nigeria 3.96%
Nigeria Treasury Bill	Zero Coupon	5/22/2014	NGN	36,550		199,630
Peru 0.95%
Peru Government Bond	6.85%	2/12/2042	PEN	132		48,160
Philippines 2.35%
Republic of Philippines	4.95%	1/15/2021	PHP	5,000		118,698
Poland 4.05%
Poland Government Bond	3.75%	4/25/2018	PLN	350		105,573
Poland Government Bond	5.50%	4/25/2015	PLN	315		98,895
Total						204,468
Romania 2.74%
Romania Government Bond	5.90%	7/26/2017	RON	470		138,286
Russia 9.80%
Russian Federal Bond - OFZ	7.60%	4/14/2021	RUB	7,240		224,877
Russian Federal Bond - OFZ	8.10%	11/26/2014	RUB	5,530		173,085
Russian Federal Bond - OFZ	8.15%	2/3/2027	RUB	3,070		96,194
Total						494,156
South Africa 6.83%
Republic of South Africa	7.25%	1/15/2020	ZAR	1,457		146,750
Republic of South Africa	13.50%	9/15/2015	ZAR	1,700		197,800
Total						344,550

See Notes to Financial Statements. 5

Schedule of Investments (unaudited)(continued)

June 30, 2013

Investments	Interest Rate	Maturity Date	Principal Amount (000)		U.S. $ Fair Value
Thailand 6.98%
Thailand Government Bond	3.875%	6/13/2019	THB	3,050	$	100,406
Thailand Government Bond	3.65%	12/17/2021	THB	3,125		100,549
Thailand Government Bond	3.625%	6/16/2023	THB	4,740		151,089
Total						352,044
Turkey 6.84%
Turkey Government Bond	6.30%	2/14/2018	TRY	305		148,055
Turkey Government Bond	9.00%	1/27/2016	TRY	370		197,114
Total						345,169
Total Foreign Government Obligations (cost $2,919,995)						2,929,466
Total Investments in Securities 93.41% (cost $4,677,883)						4,711,940
Cash and Other Assets in Excess of Liabilities(b) 6.59%						332,683
Net Assets 100.00%					$	5,044,623

BRL	Brazilian real.
COP	Colombian peso.
HUF	Hungarian forint.
IDR	Indonesian rupiah.
MXN	Mexican peso.
MYR	Malaysian ringgit.
NGN	Nigerian naira.
PEN	Peruvian Nuevo Sol.
PHP	Philippine Peso.
PLN	Polish zloty.
RON	Romanian new leu.
RUB	Russian Ruble.
THB	Thai baht.
TRY	Turkish lira.
ZAR	South African Rand.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers.
(a)	Investment in non-U.S. dollar denominated securities.
(b)	Cash and Other Assets in Excess of Liabilities include net unrealized appreciation/depreciation on forward foreign currency exchange contracts as follows:

6 See Notes to Financial Statements.

Schedule of Investments (unaudited)(concluded)

June 30, 2013

Open Forward Foreign Currency Exchange Contracts at June 30, 2013:

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency		U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation
Indonesian rupiah	Buy	Deutsche Bank	9/30/2013		2,369,025,000	$	225,000	$	229,084	$	4,084
Polish zloty	Buy	Deutsche Bank	10/2/2013		483,000		144,160		144,550		390
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts										$	4,474

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency		U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Depreciation
Brazilian real	Buy	Deutsche Bank	10/2/2013		112,000	$	49,645	$	49,263	$	(382	)

The following is a summary of the inputs used as of June 30, 2013 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)(3)	Level 1		Level 2			Level 3		Total
Foreign Bonds	$	—	$	1,782,474		$	—	$	1,782,474
Foreign Government Obligations		—		2,929,466			—		2,929,466
Total	$	—	$	4,711,940		$	—	$	4,711,940
Other Financial Instruments
Forward Foreign Currency Exchange Contracts
Assets	$	—	$	4,474		$	—	$	4,474
Liabilities		—		(382	)		—		(382	)
Total	$	—	$	4,092		$	—	$	4,092

(1)	Refer to note 2(n) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography.
(3)	There were no level transfers during the period ended June 30, 2013.

See Notes to Financial Statements. 7

Statement of Assets and Liabilities (unaudited)

June 30, 2013

ASSETS:
Investments in securities, at fair value (cost $4,677,883)	$	4,711,940
Cash		4,092,785
Receivables:
Interest and dividends		106,060
From advisor (See Note 3)		6,265
Unrealized appreciation on forward foreign currency exchange contracts		4,474
Prepaid expenses		105,334
Total assets		9,026,858
LIABILITIES:
Payables:
Investment securities purchased		3,953,225
Offering costs		22,800
Management fee		674
12b-1 distribution fees		131
Fund administration		38
Unrealized depreciation on forward foreign currency exchange contracts		382
Accrued expenses and other liabilities		4,985
Total liabilities		3,982,235
NET ASSETS	$	5,044,623
COMPOSITION OF NET ASSETS:
Paid-in capital	$	5,000,653
Distributions in excess of net investment income		(147	)
Accumulated net realized gain on foreign currency related transactions		2,902
Net unrealized appreciation on investments and translation of assets and liabilities denominated in foreign currencies		41,215
Net Assets	$	5,044,623

8 See Notes to Financial Statements.

Statement of Assets and Liabilities (unaudited)(concluded)

June 30, 2013

Net assets by class:
Class A Shares	$	2,320,543
Class C Shares	$	100,892
Class F Shares	$	100,892
Class I Shares	$	2,320,512
Class R2 Shares	$	100,892
Class R3 Shares	$	100,892
Outstanding shares by class:
Class A Shares (350 million shares of common stock authorized, $.001 par value)		153,353
Class C Shares (85 million shares of common stock authorized, $.001 par value)		6,668
Class F Shares (85 million shares of common stock authorized, $.001 par value)		6,668
Class I Shares (85 million shares of common stock authorized, $.001 par value)		153,353
Class R2 Shares (15 million shares of common stock authorized, $.001 par value)		6,667
Class R3 Shares (15 million shares of common stock authorized, $.001 par value)		6,667
Net asset value, offering and redemption price per share (Net assets divided by outstanding shares):
Class A Shares-Net asset value		$15.13
Class A Shares-Maximum offering price (Net asset value plus sales charge of 2.25%)		$15.48
Class C Shares-Net asset value		$15.13
Class F Shares-Net asset value		$15.13
Class I Shares-Net asset value		$15.13
Class R2 Shares-Net asset value		$15.13
Class R3 Shares-Net asset value		$15.13

See Notes to Financial Statements. 9

Statement of Operations (unaudited)

For the Period Ended June 30, 2013*

Investment income:
Interest (net of foreign withholding taxes of $75)	$	506
Total investment income		506
Expenses:
Management fee		674
12b-1 distribution plan-Class A		88
12b-1 distribution plan-Class C		19
12b-1 distribution plan-Class F		2
12b-1 distribution plan-Class R2		12
12b-1 distribution plan-Class R3		10
Professional		2,565
Custody		1,466
Reports to shareholders		440
Offering costs		437
Registration		367
Fund administration		38
Other		147
Gross expenses		6,265
Management fee waived and expenses reimbursed (See Note 3)		(6,134	)
12b-1 distribution plan reimbursed (See Note 3)		(131	)
Net investment income		506
Net realized and unrealized gain:
Net realized gain on foreign currency related transactions		2,902
Net change in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies		41,215
Net realized and unrealized gain		44,117
Net Increase in Net Assets Resulting From Operations	$	44,623

* For the period June 21, 2013 (commencement of operations) to June 30, 2013.

10 See Notes to Financial Statements.

Statement of Changes in Net Assets

INCREASE IN NET ASSETS	For the Period Ended June 30, 2013* (unaudited)
Operations:
Net investment income		$	506
Net realized gain on foreign currency related transactions			2,902
Net change in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies			41,215
Net increase in net assets resulting from operations			44,623
Distributions to shareholders from:
Net investment income
Class A			(301	)
Class C			(13	)
Class F			(13	)
Class I			(300	)
Class R2			(13	)
Class R3			(13	)
Total distributions to shareholders			(653	)
Capital share transactions (See Note 12):
Net proceeds from sales of shares			5,000,000
Reinvestment of distributions			653
Net increase in net assets resulting from capital share transactions			5,000,653
Net increase in net assets			5,044,623
NET ASSETS:
Beginning of period		$	—
End of period		$	5,044,623
Distributions in excess of net investment income		$	(147	)

* For the period June 21, 2013 (commencement of operations) to June 30, 2013.

See Notes to Financial Statements. 11

Financial Highlights

	Class A Shares
	6/21/2013(a) to 6/30/2013 (unaudited)
Per Share Operating Performance
Net asset value, beginning of period		$	15.00
Investment operations:
Net investment income(b)			—	(c)
Net realized and unrealized gain			.13
Total from investment operations			.13
Distributions to shareholders from:
Net investment income			—	(c)
Net asset value, end of period		$	15.13
Total Return(d)			.88	%(e)
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including management fee waived and expenses reimbursed			.00	%(e)
Expenses, including expense reductions, management fee waived and expenses reimbursed			.00	%(e)
Expenses, excluding expense reductions, management fee waived and expenses reimbursed			.13	%(e)
Net investment income			.01	%(e)
Supplemental Data:
Net assets, end of period (000)		$	2,321
Portfolio turnover rate			0.00	%(e)

(a)	Commencement of investment operations was 6/21/2013, SEC effective date was 5/1/2013 and date shares first became available to the public was 7/1/2013.
(b)	Calculated using average shares outstanding during the period.
(c)	Amount is less than $.01.
(d)	Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.
(e)	Not annualized.

12 See Notes to Financial Statements.

Financial Highlights (continued)

	Class C Shares
	6/21/2013(a) to 6/30/2013 (unaudited)
Per Share Operating Performance
Net asset value, beginning of period		$	15.00
Investment operations:
Net investment income(b)			—	(c)
Net realized and unrealized gain			.13
Total from investment operations			.13
Distributions to shareholders from:
Net investment income			—	(c)
Net asset value, end of period		$	15.13
Total Return(d)			.88	%(e)
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including management fee waived and expenses reimbursed			.00	%(e)
Expenses, including expense reductions, management fee waived and expenses reimbursed			.00	%(e)
Expenses, excluding expense reductions, management fee waived and expenses reimbursed			.14	%(e)
Net investment income			.01	%(e)
Supplemental Data:
Net assets, end of period (000)		$	101
Portfolio turnover rate			0.00	%(e)

(a)	Commencement of investment operations was 6/21/2013, SEC effective date was 5/1/2013 and date shares first became available to the public was 7/1/2013.
(b)	Calculated using average shares outstanding during the period.
(c)	Amount is less than $.01.
(d)	Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.
(e)	Not annualized.

See Notes to Financial Statements. 13

Financial Highlights (continued)

	Class F Shares
	6/21/2013(a) to 6/30/2013 (unaudited)
Per Share Operating Performance
Net asset value, beginning of period		$	15.00
Investment operations:
Net investment income(b)			—	(c)
Net realized and unrealized gain			.13
Total from investment operations			.13
Distributions to shareholders from:
Net investment income			—	(c)
Net asset value, end of period		$	15.13
Total Return(d)			.88	%(e)
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including management fee waived and expenses reimbursed			.00	%(e)
Expenses, including expense reductions, management fee waived and expenses reimbursed			.00	%(e)
Expenses, excluding expense reductions, management fee waived and expenses reimbursed			.12	%(e)
Net investment income			.01	%(e)
Supplemental Data:
Net assets, end of period (000)		$	101
Portfolio turnover rate			0.00	%(e)

(a)	Commencement of investment operations was 6/21/2013, SEC effective date was 5/1/2013 and date shares first became available to the public was 7/1/2013.
(b)	Calculated using average shares outstanding during the period.
(c)	Amount is less than $.01.
(d)	Total return assumes the reinvestment of all distributions.
(e)	Not annualized.

14 See Notes to Financial Statements.

Financial Highlights (continued)

	Class I Shares
	6/21/2013(a) to 6/30/2013 (unaudited)
Per Share Operating Performance
Net asset value, beginning of period		$	15.00
Investment operations:
Net investment income(b)			—	(c)
Net realized and unrealized gain			.13
Total from investment operations			.13
Distributions to shareholders from:
Net investment income			—	(c)
Net asset value, end of period		$	15.13
Total Return(d)			.88	%(e)
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including management fee waived and expenses reimbursed			.00	%(e)
Expenses, including expense reductions, management fee waived and expenses reimbursed			.00	%(e)
Expenses, excluding expense reductions, management fee waived and expenses reimbursed			.12	%(e)
Net investment income			.01	%(e)
Supplemental Data:
Net assets, end of period (000)		$	2,321
Portfolio turnover rate			0.00	%(e)

(a)	Commencement of investment operations was 6/21/2013, SEC effective date was 5/1/2013 and date shares first became available to the public was 7/1/2013.
(b)	Calculated using average shares outstanding during the period.
(c)	Amount is less than $.01.
(d)	Total return assumes the reinvestment of all distributions.
(e)	Not annualized.

See Notes to Financial Statements. 15

Financial Highlights (continued)

	Class R2 Shares
	6/21/2013(a) to 6/30/2013 (unaudited)
Per Share Operating Performance
Net asset value, beginning of period		$	15.00
Investment operations:
Net investment income(b)			—	(c)
Net realized and unrealized gain			.13
Total from investment operations			.13
Distributions to shareholders from:
Net investment income			—	(c)
Net asset value, end of period		$	15.13
Total Return(d)			.88	%(e)
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including management fee waived and expenses reimbursed			.00	%(e)
Expenses, including expense reductions, management fee waived and expenses reimbursed			.00	%(e)
Expenses, excluding expense reductions, management fee waived and expenses reimbursed			.13	%(e)
Net investment income			.01	%(e)
Supplemental Data:
Net assets, end of period (000)			$101
Portfolio turnover rate			0.00	%(e)

(a)	Commencement of investment operations was 6/21/2013, SEC effective date was 5/1/2013 and date shares first became available to the public was 7/1/2013.
(b)	Calculated using average shares outstanding during the period.
(c)	Amount is less than $.01.
(d)	Total return assumes the reinvestment of all distributions.
(e)	Not annualized.

16 See Notes to Financial Statements.

Financial Highlights (concluded)

	Class R3 Shares
	6/21/2013(a) to 6/30/2013 (unaudited)
Per Share Operating Performance
Net asset value, beginning of period		$	15.00
Investment operations:
Net investment income(b)			—	(c)
Net realized and unrealized gain			.13
Total from investment operations			.13
Distributions to shareholders from:
Net investment income			—	(c)
Net asset value, end of period		$	15.13
Total Return(d)			.88	%(e)
Ratios to Average Net Assets:
Expenses, excluding expense reductions and including management fee waived and expenses reimbursed			.00	%(e)
Expenses, including expense reductions, management fee waived and expenses reimbursed			.00	%(e)
Expenses, excluding expense reductions, management fee waived and expenses reimbursed			.13	%(e)
Net investment income			.01	%(e)
Supplemental Data:
Net assets, end of period (000)			$101
Portfolio turnover rate			0.00	%(e)

(a)	Commencement of investment operations was 6/21/2013, SEC effective date was 5/1/2013 and date shares first became available to the public was 7/1/2013.
(b)	Calculated using average shares outstanding during the period.
(c)	Amount is less than $.01.
(d)	Total return assumes the reinvestment of all distributions.
(e)	Not annualized.

See Notes to Financial Statements. 17

Notes to Financial Statements (unaudited)

1. ORGANIZATION  

Lord Abbett Global Fund, Inc. (the “Company”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company and was incorporated under Maryland law on February 23, 1988. The Company currently consists of three funds. This report covers one of the Funds, Lord Abbett Emerging Markets Local Bond Fund (the “Fund”), and its respective classes: Class A, C, F, I, R2 and R3 shares. The Fund commenced operations on June 21, 2013. The Fund became effective with the Securities and Exchange Commission (“SEC”) on May 1, 2013 and shares became available to the public on July 1, 2013. The Fund is non-diversified as defined in the Act.

The Fund’s investment objective is total return. Each class of shares has different expenses and dividends. A front-end sales charge is normally added to the net asset value (“NAV”) for Class A shares. There is no front-end sales charge in the case of Class C, F, I, R2 and R3 shares, although there may be a contingent deferred sales charge (“CDSC”) in certain cases as follows: Class A shares purchased without a sales charge and redeemed before the first day of the month in which the one-year anniversary of the purchase falls (subject to certain exceptions as set forth in the Fund’s prospectus); and Class C shares redeemed before the first anniversary of purchase.

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

2. SIGNIFICANT ACCOUNTING POLICIES  

(a)

Investment Valuation–Under procedures approved by the Fund’s Board of Directors (the “Board”), Lord, Abbett & Co. LLC (“Lord Abbett”), the Fund’s investment manager, has formed a Pricing Committee to administer the pricing and valuation of portfolio investments and to ensure that prices utilized reasonably reflect fair value. Among other things, these procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities actively traded on any recognized U.S. or non-U.S. exchange or on The NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange LLC. The Fund may rely on an independent fair valuation service in adjusting the valuations of foreign securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and asked prices. Fixed income securities are valued at the mean between the bid and asked prices on the basis of prices supplied by independent pricing services, which reflect broker/dealer supplied valuations and the independent pricing services’ own electronic data processing techniques. Exchange-traded options and futures contracts are valued at the last sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and asked prices is used. Forward foreign currency exchange contracts are valued using daily forward exchange rates.

18

Notes to Financial Statements (unaudited)(continued)

	Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee and approved by the Board. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use observable inputs such as yield curves, broker quotes, observable trading activity, option adjusted spread models and other relevant information to determine fair value of portfolio investments. The Board or a designated committee thereof regularly reviews fair value determinations made by the Pricing Committee and employs techniques such as reviewing related market activity, reviewing inputs and assumptions, and retrospectively comparing prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee.
	Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.
(b)	Security Transactions–Security transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Realized and unrealized gains (losses) are allocated to each class of shares based upon the relative proportion of net assets at the beginning of the day.
(c)	Investment Income–Dividend income is recorded on the ex-dividend date. Interest income is recorded on the accrual basis as earned. Discounts are accreted and premiums are amortized using the effective interest method and are included in Interest and other income on the Statement of Operations. Investment income is allocated to each class of shares based upon the relative proportion of net assets at the beginning of the day.
(d)	Income Taxes–It is the policy of the Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.
	The Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination.
(e)	Expenses–Expenses incurred by the Company that do not specifically relate to an individual fund are generally allocated to the funds within the Company on a pro rata basis by relative net assets. Expenses, excluding class-specific expenses, are allocated to each class of shares based upon the relative proportion of net assets at the beginning of the day. Class A, C, F, R2 and R3 shares bear their class-specific share of all expenses and fees relating to the Fund’s 12b-1 Distribution Plan.
(f)	Foreign Transactions–The books and records of the Fund are maintained in U.S. dollars and transactions denominated in foreign currencies are recorded in the Fund’s records at the rate prevailing when earned or recorded. Asset and liability accounts that are denominated in foreign currencies are adjusted daily to reflect current exchange rates and any unrealized gain (loss) is included in Net change in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies on the Fund’s Statement of Operations. The resultant exchange gains and losses upon settlement of such transactions are included in Net realized gain on and foreign currency related transactions on the Fund’s Statement of Operations. The Fund does not isolate that portion of the results of operations arising as a result of changes in the foreign exchange rates from the changes in market prices of the securities.

19

Notes to Financial Statements (unaudited)(continued)

	The Fund uses foreign currency exchange contracts to facilitate transactions in foreign denominated securities. Losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts’ terms.
(g)	Forward Foreign Currency Exchange Contracts–The Fund may enter into forward foreign currency exchange contracts in order to reduce their exposure to changes in foreign currency exchange rates on their foreign portfolio holdings or gain or reduce exposure to foreign currency for investment purposes. A forward foreign currency exchange contract is a commitment to purchase or sell a foreign currency at a future date at a negotiated rate. The contracts are valued daily at forward exchange rates and any unrealized gain (loss) is included in Net change in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies on the Fund’s Statement of Operations. The gain (loss) arising from the difference between the U.S. dollar cost of the original contract and the value of the foreign currency in U.S. dollars upon closing of such contracts is included in Net realized gain on and foreign currency related transactions on the Fund’s Statement of Operations.
(h)	Futures Contracts–The Fund may purchase and sell futures contracts to enhance returns, to attempt to hedge some of its investment risk, or as a substitute position for holding the underlying asset on which the instrument is based. At the time of entering into a futures transaction, an investor is required to deposit and maintain a specified amount of cash or eligible securities called “initial margin.” Subsequent payments made or received by the Fund called “variation margin” are made on a daily basis as the market price of the futures contract fluctuates. The Fund will record an unrealized gain (loss) based on the amount of variation margin. When a contract is closed, a realized gain (loss) is recorded equal to the difference between the opening and closing value of the contract. As of June 30, 2013, the Fund did not have open futures contracts.
(i)	When-Issued, Forward Transactions or To-Be-Announced (“TBA”) Transactions–The Fund may purchase portfolio securities on a when-issued or forward basis. When-issued, forward transactions or TBA transactions involve a commitment by a Fund to purchase securities, with payment and delivery (“settlement”) to take place in the future, in order to secure what is considered to be an advantageous price or yield at the time of entering into the transaction. During the period between purchase and settlement, the fair value of the securities will fluctuate and assets consisting of cash and/or marketable securities (normally short-term U.S. Government or U.S. Government sponsored enterprise securities) marked to market daily in an amount sufficient to make payment at settlement will be segregated at the Fund’s custodian in order to pay for the commitment. At the time the Fund makes the commitment to purchase a security on a when-issued basis, it will record the transaction and reflect the liability for the purchase and fair value of the security in determining its NAV. The Fund, generally, has the ability to close out a purchase obligation on or before the settlement date rather than take delivery of the security. Under no circumstances will settlement for such securities take place more than 120 days after the purchase date.
(j)	Repurchase Agreements–The Fund may enter into repurchase agreements with respect to securities. A repurchase agreement is a transaction in which a fund acquires a security and simultaneously commits to resell that security to the seller (a bank or securities dealer) at an agreed-upon price on an agreed-upon date. The Fund requires at all times that the repurchase agreement be collateralized by cash, or by securities of the U.S. Government, its agencies, its

20

Notes to Financial Statements (unaudited)(continued)

	instrumentalities, or U.S. Government sponsored enterprises having a value equal to, or in excess of, the value of the repurchase agreement (including accrued interest). If the seller of the agreement defaults on its obligation to repurchase the underlying securities at a time when the fair value of these securities has declined, the Fund may incur a loss upon disposition of the securities.
(k)	Mortgage Dollar Rolls–The Fund may enter into mortgage dollar rolls in which a Fund sells mortgage-backed securities for delivery in the current month and simultaneously contracts with the same counterparty to repurchase similar (same type, coupon and maturity) but not identical securities on a specified future date. During the roll period, the Fund loses the right to receive principal (including prepayments of principal) and interest paid on the securities sold.
(l)	Interest Rate Swaps–The Fund may invest in interest rate swaps in order to enhance returns or hedge against interest rate risk. Interest rate swaps are agreements in which one party pays a stream of interest payments, either fixed or floating, for another party’s stream of interest payments, either fixed or floating, on the same notional amount for a specified period of time. The interest rate swap agreement will normally be entered into on a zero coupon basis, meaning that the floating rate will be based on the cumulative of the variable rate, and the fixed rate will compound until the swap’s maturity date, at which point the payments would be netted. The swaps are valued daily and any unrealized gain (loss) is included in the Net change in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies on the Fund’s Statement of Operations. A liquidation payment received or made at the termination or maturity of the swap is recorded in realized gain (loss) and is included in Net realized gain on and foreign currency related transactions on the Fund’s Statement of Operations. As of June 30, 2013, the Fund did not have open interest rate swaps.
(m)	Credit Default Swaps–The Fund may enter into credit default swap contracts. As a seller of a credit default swap contract (“seller of protection”), the Fund is required to pay the notional amount or other agreed-upon value of a referenced debt obligation to the counterparty in the event of a default by or other credit event involving the referenced issuer, obligation or index. In return, the Fund receives from the counterparty a periodic stream of payments over the term of the contract. As a purchaser of a credit default swap contract (“buyer of protection”), the Fund would receive the notional amount or other agreed upon value of a referenced debt obligation from the counterparty in the event of default by or other credit event involving the referenced issuer, obligation or index. In return, the Fund would make periodic payments to the counterparty over the term of the contracts, provided no event of default has occurred.
	These credit default swaps may have as a reference obligation corporate or sovereign issuers or credit indices. These credit indices are comprised of a basket of securities representing a particular sector of the market.
	Credit default swaps are fair valued daily based upon quotations from counterparties, brokers or market-makers and the change in value, if any, is recorded as an unrealized appreciation or depreciation. For a credit default swap sold by the Fund, payment of the agreed-upon amount made by the Fund in the event of default of the referenced debt obligation is recorded as the cost of the referenced debt obligation purchased/received. For a credit default swap purchased by the Fund, the agreed-upon amount received by the Fund in the event of default of the referenced debt obligation is recorded as proceeds from sale/delivery of the referenced debt obligation and the resulting gain or loss realized on the referenced debt obligation is recorded as such by the Fund.

21

Notes to Financial Statements (unaudited)(continued)

	Any upfront payments made or received upon entering a credit default swap contract would be amortized or accreted over the life of the swap and recorded as realized gains or losses. Collateral, in the form of cash or securities, may be required to be held in segregated accounts with the custodian bank or broker in accordance with the swap agreement. The value and credit rating of each credit default swap where the Fund is the seller of protection, are both measures of the current payment/performance risk of the swap. As the value of the swap changes as a positive or negative percentage of the total notional amount, the payment/performance risk may decrease or increase, respectively. The maximum potential amount of future payments (undiscounted) that a Fund as a seller of protection could be required to make under a credit default swap agreement would be an amount equal to the notional amount of the agreement. These potential amounts would be partially offset by any recovery values of the respective referenced obligations, upfront payments received upon entering into the agreement, or net amounts received from the settlement of buy protection credit default swap agreements entered into by the Fund for the same referenced entity or entities.
	Entering into credit default swaps involves credit and market risk. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements, and that there may be unfavorable changes in interest rates, and that Lord Abbett does not correctly predict the creditworthiness of the issuers of the reference obligation on which the credit default swap is based. As of June 30, 2013, the Fund did not have open credit default swaps.
(n)	Fair Value Measurements–Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk – for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique.
	Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below:

•	Level 1 –	unadjusted quoted prices in active markets for identical investments;
•	Level 2 –	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and
•	Level 3 –	significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).

A summary of inputs used in valuing the Fund’s investments as of June 30, 2013, and, if applicable, Level 1/Level 2 transfers and Level 3 rollforwards for the period then ended is included in the Fund’s Schedule of Investments.

22

Notes to Financial Statements (unaudited)(continued)

Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. All transfers between different levels within the three-tier hierarchy are deemed to have occurred as of the beginning of the reporting period. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

3. MANAGEMENT FEE AND OTHER TRANSACTIONS WITH AFFILIATES  

Management Fee

The Company has a management agreement with Lord Abbett, pursuant to which Lord Abbett supplies the Fund with investment management services and executive and other personnel, provides office space and pays for ordinary and necessary office and clerical expenses relating to research and statistical work and supervision of the Fund’s investment portfolio.

The management fee is based on the Fund’s average daily net assets at the following annual rates:

First $2 billion	.70	%
Next $3 billion	.65	%
Over $5 billion	.60	%

For the period ended June 30, 2013, the effective management fee, net of waivers, was at an annualized rate of .00% of average daily net assets for the Fund.

In addition, Lord Abbett provides certain administrative services to the Fund pursuant to an Administrative Services Agreement in return for a fee at an annual rate of .04% of the Fund’s average daily net assets.

For the period ended June 30, 2013 and continuing through April 30, 2014, Lord Abbett has contractually agreed to waive all or a portion of its management fee and administrative fee, and, if necessary, reimburse the Fund’s other expenses to the extent necessary so that the total net annual operating expenses for each class, excluding 12b-1 fees, do not exceed an annual rate of 0.85%. This agreement may be terminated only by the Board.

For the period June 21, 2013 through June 30, 2013, Lord Abbett voluntarily waived its entire management fee and reimbursed all expenses of the Fund. In addition, Lord Abbett Distributor LLC (the “Distributor”) voluntarily reimbursed its entire 12b-1 fee for each applicable share class.

12b-1 Distribution Plan

The Fund has adopted a distribution plan with respect to Class A, C, F, R2 and R3 shares pursuant to Rule 12b-1 under the Act, which provides for the payment of ongoing distribution and service fees to the Distributor, an affiliate of Lord Abbett. The following annual rates have been approved by the Board pursuant to the plan:

Fees*	Class A			Class C(1)			Class F			Class R2			Class R3
Service		.15	%		.25	%		—			.25	%		.25	%
Distribution		.05	%		.75	%		.10	%		.35	%		.25	%

*	The Fund may designate a portion of the aggregate fee as attributable to service activities for purposes of calculating Financial Industry Regulatory Authority, Inc. (“FINRA”) sales charge limitations.
(1)	The Class C 12b-1 fee is a blended rate calculated based on 1.00% of the Fund’s average daily net assets attributable to Class C shares held for less than one year and .80% (.25% service, .55% distribution) of the Fund’s average daily net assets attributable to Class C shares held for one year or more. All Class C shareholders of the Fund will bear Rule 12b-1 fees at the same rate.

Class I shares do not have a distribution plan.

A Director and certain of the Company’s officers have an interest in Lord Abbett.

23

Notes to Financial Statements (unaudited)(continued)

4. DISTRIBUTIONS AND CAPITAL LOSS CARRYFORWARDS  

Dividends from net investment income, if any, are declared daily and paid monthly for the Fund. Taxable net realized gains from investment transactions, reduced by allowable capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amounts of dividends and distributions from net investment income and net realized capital gains are determined in accordance with federal income tax regulations, which may differ from accounting principles generally accepted in the United States of America. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions, which exceed earnings and profits for tax purposes, are reported as a tax return of capital.

The tax character of distributions paid during the period ended June 30, 2013 is as follows:

	Period Ended
	6/30/2013
	(unaudited)
Distributions paid from:
Ordinary income	$	653
Total distributions paid	$	653

As of June 30, 2013, the aggregate unrealized security gains and losses based on cost for U.S. federal income tax purposes were as follows:

Tax cost	$	4,677,883
Gross unrealized gain		43,517
Gross unrealized loss		(9,460	)
Net unrealized security gain	$	34,057

5. PORTFOLIO SECURITIES TRANSACTIONS  

Purchases and sales of investment securities (excluding short-term investments) for the period ended June 30, 2013 were as follows:

Purchases	Sales
$4,677,947	$	—

6. DISCLOSURES ABOUT DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  

The Fund entered into forward foreign currency exchange contracts for the period ended June 30, 2013 (as described in note 2(g)). A forward foreign currency exchange contract reduces the Fund’s exposure to changes in the value of the currency it will deliver (or settle in cash) and increases its exposure to changes in the value of the currency it will receive (or settle in cash) for the duration of the contract. The Fund’s use of forward foreign currency exchange contracts involves the risk that Lord Abbett will not accurately predict currency movements, and the Fund’s returns could be reduced as a result. Forward foreign currency exchange contracts are subject to the risk that those

24

Notes to Financial Statements (unaudited)(continued)

currencies will decline in value relative to the U.S. dollar, or, in the case of hedged positions, that the U.S. dollar will decline relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time. The Fund’s risk of loss from counterparty credit risk is the unrealized appreciation on forward foreign currency exchange contracts.

As of June 30, 2013, the Fund had the following derivatives, grouped into appropriate risk categories that illustrate how and why the Fund uses derivative instruments:

	Forward Foreign
	Currency Exchange
Asset Derivatives	Contracts		Fair Value
Forward Foreign Currency Exchange Contracts(1)	$	4,474	$	4,474
Total	$	4,474	$	4,474
Liability Derivatives
Forward Foreign Currency Exchange Contracts(2)	$	382	$	382
Total	$	382	$	382

(1)	Statement of Assets and Liabilities location: Unrealized appreciation on forward foreign currency exchange contracts.
(2)	Statement of Assets and Liabilities location: Unrealized depreciation on forward foreign currency exchange contracts.

Transactions in derivative instruments for the period ended June 30, 2013, were as follows:

	Forward Foreign
	Currency Exchange
	Contracts		Total
Net Realized Gain (Loss)(1)
Forward Foreign Currency Exchange Contracts	$	—	$	—
Net Change in Unrealized Appreciation/Depreciation(2)
Forward Foreign Currency Exchange Contracts	$	4,092	$	4,092
Average Notional Amounts*
Forward Foreign Currency Exchange Contracts(3)	$	418,806	$	418,806

*	Calculated based on the notional amounts for the period ended June 30, 2013.
(1)	Statement of Operations location: Net realized gain on foreign currency related transactions.
(2)	Statement of Operations location: Net change in unrealized appreciation/depreciation on investments and translation of assets
	and liabilities denominated in foreign currencies.
(3)	Amount represents notional amount in U.S. dollars.

7. DISCLOSURES ABOUT OFFSETTING ASSETS AND LIABILITIES  

The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2011–11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011–11”). These disclosure requirements are intended to help better assess the effect or potential effect of offsetting arrangements on a fund’s financial position. In addition, FASB issued Accounting Standards Update No. 2013–1 “Clarifying the Scope of Offsetting Assets and Liabilities” (“ASU 2013–1”), specifying which transactions are subject to disclosures about offsetting.

The following tables illustrate gross and net information about recognized assets and liabilities eligible for offset in the statement of assets and liabilities; and disclose such amounts subject to an enforceable master netting agreement or similar agreement, by counterparty. A master netting agreement is an agreement between two counterparties who have multiple contracts with each other that provides for the net settlement of all contracts, as well as cash collateral, through a single payment in the event of default on or termination of any one contract:

25

Notes to Financial Statements (unaudited)(continued)

	Gross		Gross Amounts		Net Amounts of
	Amounts of		Offset in the		Assets Presented
	Recognized		Statement of Assets		in the Statement of
Description	Assets		and Liabilities		Assets and Liabilities
Forward Foreign Currency Exchange Contracts	$	4,474	$	—	$	4,474
Total	$	4,474	$	—	$	4,474

			Gross Amounts Not Offset in the
			Statement of Assets and Liabilities
	Net Amounts of
	Assets Presented
	in the Statement of		Financial			Cash Collateral
Counterparty	Assets and Liabilities		Instruments			Received(a)		Net Amount(b)
Deutsche Bank	$	4,474	$	(382	)	$	—	$	4,092
Total	$	4,474	$	(382	)	$	—	$	4,092

	Gross		Gross Amounts		Net Amounts of
	Amounts of		Offset in the		Liabilities Presented
	Recognized		Statement of Assets		in the Statement of
Description	Liabilities		and Liabilities		Assets and Liabilities
Forward Foreign Currency Exchange Contracts	$	382	$	—	$	382
Total	$	382	$	—	$	382

			Gross Amounts Not Offset in the
			Statement of Assets and Liabilities
	Net Amounts of
	Liabilities Presented
	in the Statement of		Financial			Cash Collateral
Counterparty	Assets and Liabilities		Instruments			Pledged(a)		Net Amount(c)
Deutsche Bank	$	382	$	(382	)	$	—	$	—
Total	$	382	$	(382	)	$	—	$	—

(a)	Collateral received (or pledged) is limited to an amount not to exceed 100% of the net amount of assets (or liabilities) in the tables presented above, for each respective counterparty.
(b)	Net Amount represents the amount that is subject to loss in the event of a counterparty failure as of June 30, 2013.
(c)	Net Amount represents amounts under collateralized by the Fund to each counterparty as of June 30, 2013.

8. DIRECTORS’ REMUNERATION  

The Company’s officers and a Director, who are associated with Lord Abbett, do not receive any compensation from the Company for serving in such capacities. Independent Directors’ fees are allocated among all Lord Abbett-sponsored funds based on the net assets of each fund. There is an equity-based plan available to all Independent Directors under which Independent Directors must defer receipt of a portion of, and may elect to defer receipt of an additional portion of, Directors’ fees. The deferred amounts are treated as though equivalent dollar amounts had been invested in the funds. Such amounts and earnings accrued thereon are included in Directors’ fees on the Statement of Operations and in Directors’ fees payable on the Statement of Assets and Liabilities and are not deductible for U.S. federal income tax purposes until such amounts are paid.

26

Notes to Financial Statements (unaudited)(continued)

9. EXPENSE REDUCTIONS  

The Company has entered into an arrangement with its transfer agent and custodian, whereby credits realized as a result of uninvested cash balances are used to reduce a portion of the Fund’s expenses.

10. CUSTODIAN AND ACCOUNTING AGENT  

State Street Bank and Trust Company (“SSB”) is the Company’s custodian and accounting agent. SSB performs custodial, accounting and recordkeeping functions relating to portfolio transactions and calculating the Fund’s NAV.

11. INVESTMENT RISKS  

The Fund is subject to the risks of investing in securities that are issued by non-U.S. entities, the risks of investing in derivatives, liquidity risk, and the risks from leverage.

Foreign securities may pose greater risks than domestic securities, including greater price fluctuations, less government regulation, and higher transaction costs. These risks generally are greater for emerging markets securities. Foreign investments also may be affected by changes in currency rates or currency controls.

Derivatives are subject to risks such as liquidity risk, leveraging risk, interest rate risk, market risk, and credit risk. Derivatives also involve the risk of mispricing or improper valuation and the risk that changes in the value of the derivative may not correlate perfectly with the value of the underlying asset, rate, or index. Whether a Fund’s use of derivatives is successful will depend on, among other things, the Fund’s ability to correctly forecast market movements, changes in foreign exchange and interest rates, and other factors. If a Fund incorrectly forecasts these and other factors, its performance could suffer. The Fund’s use of derivatives could result in a loss exceeding the amount of the Fund’s investment in these instruments.

The Fund is non-diversified, which means that it may invest a greater portion of its assets in a single issuer than a diversified fund. Thus, it may be exposed to greater risk.

The Fund may invest in swap contracts. Swap contracts are bilateral agreements between a fund and its counterparty. Each party is exposed to the risk of default by the other. In addition, swap contracts may involve a small investment of cash compared to the risk assumed, with the result that small changes may produce disproportionate and substantial gains or losses to the Fund.

The Fund may invest in credit default swap and interest rate swap contracts. Such contracts are subject to the risk that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements. Credit default swaps are subject to the risk and that Lord Abbett does not correctly predict the creditworthiness of the issuers of the reference obligation on which the swap is based. Interest rate swaps are subject to the risk that Lord Abbett does not correctly anticipate changes in interest rates.

Illiquid securities may lower a Fund’s returns since the Fund may be unable to sell these securities at its desired time or price. To the extent illiquid securities can be sold, the Fund may have to do so at disadvantageous prices in order to meet requests for the redemption of Fund shares.

27

Notes to Financial Statements (unaudited)(continued)

Leverage, including borrowing, may increase volatility in a Fund by magnifying the effect of changes in the value of the Fund’s holdings. The use of leverage may cause investors in a Fund to lose more money in adverse environments than would be the case in the absence of leverage.

The Fund is subject to the general risks and considerations associated with investing in debt securities, including interest rate risk. When interest rates rise, the prices of debt securities and an investment in the Fund are likely to decline. In times of economic uncertainty, high-yield debt securities (or “junk bonds”) may decline in price, even when interest rates are falling. There is also the risk that an issuer of a debt security will fail to make timely payments of principal or interest to the Fund, a risk that is greater with junk bonds.

The Fund may invest in floating rate or adjustable rate senior loans, including bridge loans, novations, assignments, and participations, which are business loans made to borrowers that may be U.S. or foreign corporations, partnerships or other business entities. Senior loans are subject to increased credit and liquidity risks.

The mortgage-related securities in which a Fund may invest may be particularly sensitive to changes in prevailing interest rates, economic conditions, including delinquencies and/or defaults. These changes can affect the value, income and/or liquidity of such positions. When interest rates are declining, the value of these securities with prepayment features may not increase as much as other fixed income securities. Early principal repayment may deprive a Fund of income payments above current market rates. Alternatively, rising interest rates may cause payments to occur at a slower-than-expected rate, extending the duration of a security and typically reducing its value. The payment rate will thus affect the price and volatility of a mortgage-related security.

Foreign currency exchange rates may fluctuate significantly over short periods of time. The Fund’s use of currency-related transactions involves the risk that Lord Abbett will not accurately predict currency movements, and the Fund’s returns could be reduced as a result. A decline in the value of foreign currencies relative to the U.S. dollar will reduce the value of securities held by the Fund that are denominated in those currencies.

The securities markets of developing or emerging countries tend to be less liquid, are especially subject to greater price volatility, have a smaller market capitalization, have less government regulation and may not be subject to as extensive and frequent accounting, financial, and other reporting requirements as securities issued in more developed countries.

Bonds issued or guaranteed by foreign governments and governmental entities (commonly referred to as “sovereign debt”) are subject to the risk that such governments or entities are unable or unwilling to make interest payments and/or repay the principal owed. The Fund may have limited recourse in such instances.

The Fund believes that its investment strategies with respect to foreign currencies will generate qualifying income under current U.S. federal income tax law. However, there can be no assurance that the U.S. Treasury Department will not issue regulations in the future (possibly with retroactive effect) that would treat some or all of the fund’s foreign currency gains as nonqualifying income.

These factors can affect the Fund’s performance.

28

Notes to Financial Statements (unaudited)(concluded)

12. SUMMARY OF CAPITAL TRANSACTIONS  

Transactions in shares of capital stock were as follows:

	Period Ended
	June 30, 2013†
			(unaudited)
Class A Shares		Shares		Amount
Shares sold		153,333	$	2,300,000
Reinvestment of distributions		20		301
Increase		153,353	$	2,300,301
Class C Shares
Shares sold		6,667	$	100,000
Reinvestment of distributions		1		13
Increase		6,668	$	100,013
Class F Shares
Shares sold		6,667	$	100,000
Reinvestment of distributions		1		13
Increase		6,668	$	100,013
Class I Shares
Shares sold		153,333	$	2,300,000
Reinvestment of distributions		20		300
Increase		153,353	$	2,300,300
Class R2 Shares
Shares sold		6,666	$	100,000
Reinvestment of distributions		1		13
Increase		6,667	$	100,013
Class R3 Shares
Shares sold		6,666	$	100,000
Reinvestment of distributions		1		13
Increase		6,667	$	100,013

^† For the period June 21, 2013 (commencement of operations) to June 30, 2013.

29

Approval of Advisory Contract

At a meeting held on February 28, 2013, the Board of Directors (the “Board”), including all of the Directors who are not interested persons of the Company or Lord, Abbett & Co. LLC (“Lord Abbett”), considered whether to approve the proposed management agreement between the Fund and Lord Abbett. The Board reviewed materials relating specifically to the management agreement before and at the meeting and had the opportunity to ask questions and request further information, taking into account its familiarity with Lord Abbett gained through its meetings and discussions.

The materials received by the Board included, but were not limited to, (1) information provided by Lipper Inc. regarding the expense ratios, contractual and effective management fee rates, and other expense components for the Fund and a group of funds with similar objectives and of similar size (the “peer group”); (2) information provided by Lord Abbett on the projected expense ratios, management fee rates, and other expense components for the Fund information regarding the distribution arrangements of the Fund; and (3) information regarding the personnel and other resources devoted by Lord Abbett to managing the Fund.

Investment Management Services Generally. The Board considered the investment management services to be provided by Lord Abbett to the Fund, including investment research, portfolio management, and trading, and Lord Abbett’s commitment to compliance with all relevant legal requirements. The Board also observed that Lord Abbett was engaged solely in the investment management business and accordingly did not experience the conflicts of interest resulting from being engaged in other lines of business.

Investment Performance. Because the Fund had not yet begun operations, the Board was not able to review the Fund’s investment performance and compliance.

Lord Abbett’s Personnel and Methods. The Board considered the qualifications of the personnel who would provide investment management services to the Fund, in light of its investment objective and discipline. Among other things, the Board considered the size, experience, and turnover of Lord Abbett’s investment management staff, Lord Abbett’s investment methodology and philosophy, and Lord Abbett’s approach to recruiting, training, and retaining investment management personnel. The Board determined that Lord Abbett had the expertise and resources to manage the Fund effectively.

Nature and Quality of Other Services. The Board considered the nature, quality, costs, and extent of compliance, administrative, and other services performed by Lord Abbett and Lord Abbett Distributor (“Distributor”) and the nature and extent of Lord Abbett’s supervision of third party service providers, including the Fund’s transfer agent and custodian.

Expenses. The Board considered the projected expense levels of each class of shares of the Fund and the expense levels of the peer group. It also considered the amount and nature of the fees to be paid by shareholders. The Board noted that it and Lord Abbett had agreed to a management fee waiver and expense limitation agreement under which it would waive all or a portion of its management fee and, if necessary, reimburse the Fund’s other expenses to the extent necessary so that the total net annual operating expenses for each class, excluding Rule 12b-1 fees, do not exceed an annual rate of 0.85%.

Profitability. Because the Fund had not yet begun operations, the Board was not able to consider the level of Lord Abbett’s profits in managing the Fund.

Economies of Scale. The Board considered whether there might be economies of scale in managing the Fund and whether the Fund would benefit appropriately from any such economies of scale. The Board concluded that the existing management fee schedule, with its breakpoints in the level of the management fee, adequately addressed any economies of scale in managing the Fund.

30

Other Benefits to Lord Abbett. The Board considered the character and amount of fees proposed to be paid by the Fund and the Fund’s shareholders to Lord Abbett and Distributor for services other than investment advisory services. The Board also considered the revenues and profitability of Lord Abbett’s investment advisory business apart from its mutual fund business, and the intangible benefits enjoyed by Lord Abbett by virtue of its relationship with the Fund. The Board observed that Distributor receives Rule 12b-1 fees from certain of the Lord Abbett Funds as to shares held in accounts for which there is no other broker of record, may retain a portion of the 12b-1 fees from the Funds, and receives a portion of the sales charges on sales and redemptions of some classes of shares. In addition, the Board observed that Lord Abbett accrues certain benefits for its business of providing investment advice to clients other than the Lord Abbett Funds, but that that business also benefits the Funds. The Board also noted that Lord Abbett, as disclosed in the prospectus of the Fund, has entered into revenue sharing arrangements with certain entities that distribute shares of the Fund.

In considering whether to approve the management agreement, the Board did not identify any single factor as paramount or controlling. This summary does not discuss in detail all matters considered. After considering all of the relevant factors, the Board unanimously found that approval of the management agreement was in the best interests of the Fund and its shareholders and voted unanimously to approve the management agreement.

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Householding

The Company has adopted a policy that allows it to send only one copy of the Fund’s prospectus, proxy material, annual report and semiannual report to certain shareholders residing at the same “household.” This reduces Fund expenses, which benefits you and other shareholders. If you need additional copies or do not want your mailings to be “householded,” please call Lord Abbett at 888-522-2388 or send a written request with your name, the name of your fund or funds and your account number or numbers to Lord Abbett Family of Funds, P.O. Box 219336, Kansas City, MO 64121.

Proxy Voting Policies, Procedures and Records

A description of the policies and procedures that Lord Abbett uses to vote proxies related to the Fund’s portfolio securities, and information on how Lord Abbett voted the Fund’s proxies during the 12-month period ended June 30 are available without charge, upon request, (i) by calling 888-522-2388; (ii) on Lord Abbett’s Website at www.lordabbett.com; and (iii) on the SEC’s Website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Fund is required to file its complete schedule of portfolio holdings with the SEC for its first and third fiscal quarters on Form N-Q. Copies of the filings are available without charge, upon request on the SEC’s Website at www.sec.gov and may be available by calling Lord Abbett at 888-522-2388. You can also obtain copies of Form N-Q by visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 800-SEC-0330).

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This report, when not used for the general information of shareholders of the Fund, is to be distributed only if preceded or accompanied by a current fund prospectus.
Lord Abbett mutual fund shares are distributed by LORD ABBETT DISTRIBUTOR LLC.	Lord Abbett Emerging Markets Local Bond Fund, Inc.	EMLB-3-0613 (08/13)

Item 2:	Code of Ethics.
	Not applicable.
Item 3:	Audit Committee Financial Expert.
	Not applicable.
Item 4:	Principal Accountant Fees and Services.
	Not applicable.
Item 5:	Audit Committee of Listed Registrants.
	Not applicable.
Item 6:	Investments.
	Not applicable.
Item 7:	Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
	Not applicable.
Item 8:	Portfolio Managers of Closed-End Management Investment Companies.
	Not applicable.
Item 9:	Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
	Not applicable.
Item 10:	Submission of Matters to a Vote of Security Holders.
	Not applicable.
Item 11:	Controls and Procedures.

(a) Based on their evaluation of the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) as of a date within 90 days prior to the filing date of this report, the Chief Executive Officer and Chief Financial Officer of the Registrant have concluded that such disclosure controls and procedures are reasonably designed and effective to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to them by others within those entities.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 12: Exhibits.

(a)(1)	Code of Ethics. Not applicable.
(a)(2)	Certification of each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2 under the Investment Company Act of 1940 is attached hereto as a part of EX-99.CERT.
(b)	Certification of each principal executive officer and principal financial officer of the Registrant as required by Section 906 of the Sarbanes-Oxley Act of 2002 is provided as a part of EX-99.906CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		LORD ABBETT GLOBAL FUND, INC.
	By:	/s/ Daria L. Foster
		Daria L. Foster
		President and Chief Executive Officer
Date: August 21, 2013
	By:	/s/ Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer and Vice President
Date: August 21, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

	By:	/s/ Daria L. Foster
		Daria L. Foster
		President and Chief Executive Officer
Date: August 21, 2013
	By:	/s/ Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer and Vice President
Date: August 21, 2013