Lord Abbett
Quarterly Portfolio Holdings Report
Lord Abbett
Emerging Markets Bond Fund
Emerging Markets Corporate Debt Fund
Global Bond Fund
For the period ended September 30, 2022
Schedule of Investments (unaudited)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
LONG-TERM INVESTMENTS 92.85% | | | | | | | | | | | | |
| | | | | | | | | | | | |
CORPORATE BONDS 32.11% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Bahrain 1.42% | | | | | | | | | | | | |
Oil & Gas 0.74% | | | | | | | | | | | | |
Oil and Gas Holding Co. BSCC (The) | | 7.625% | | 11/7/2024 | | $ | 1,050,000 | | | $ | 1,044,314 | |
Sovereign 0.68% | | | | | | | | | | | | |
CBB International Sukuk Co. 6 Spc† | | 5.25% | | 3/20/2025 | | | 950,000 | | | | 947,578 | |
Total Bahrain | | | | | | | | | | | 1,991,892 | |
| | | | | | | | | | | | |
Brazil 1.23% | | | | | | | | | | | | |
Banks 0.91% | | | | | | | | | | | | |
Banco do Brasil SA† | | 3.25% | | 9/30/2026 | | | 850,000 | | | | 752,845 | |
Itau Unibanco Holding SA† | | 4.50% (5 Yr. Treasury CMT + 2.82%) | # | 11/21/2029 | | | 550,000 | | | | 510,989 | |
| | | | | | | | | | | 1,263,834 | |
Media 0.32% | | | | | | | | | | | | |
Globo Comunicacao e Participacoes SA† | | 4.875% | | 1/22/2030 | | | 600,000 | | | | 452,352 | |
Total Brazil | | | | | | | | | | | 1,716,186 | |
| | | | | | | | | | | | |
Chile 1.74% | | | | | | | | | | | | |
Banks 0.30% | | | | | | | | | | | | |
Banco del Estado de Chile† | | 2.704% | | 1/9/2025 | | | 450,000 | | | | 421,803 | |
Chemicals 0.19% | | | | | | | | | | | | |
Sociedad Quimica y Minera de Chile SA† | | 3.50% | | 9/10/2051 | | | 380,000 | | | | 261,434 | |
Electric 0.24% | | | | | | | | | | | | |
Alfa Desarrollo SpA† | | 4.55% | | 9/27/2051 | | | 498,177 | | | | 329,930 | |
Mining 0.45% | | | | | | | | | | | | |
Corp. Nacional del Cobre de Chile† | | 3.00% | | 9/30/2029 | | | 575,000 | | | | 482,391 | |
Corp. Nacional del Cobre de Chile† | | 3.15% | | 1/15/2051 | | | 250,000 | | | | 154,404 | |
| | | | | | | | | | | 636,795 | |
Oil & Gas 0.56% | | | | | | | | | | | | |
Empresa Nacional del Petroleo† | | 3.45% | | 9/16/2031 | | | 1,000,000 | | | | 787,005 | |
Total Chile | | | | | | | | | | | 2,436,967 | |
| | | | | | | | | | | | |
China 1.08% | | | | | | | | | | | | |
Engineering & Construction 0.34% | | | | | | | | | | | | |
China Railway Xunjie Co. Ltd. | | 3.25% | | 7/28/2026 | | | 500,000 | | | | 474,343 | |
Internet 0.27% | | | | | | | | | | | | |
Prosus NV† | | 3.832% | | 2/8/2051 | | | 675,000 | | | | 375,898 | |
| See Notes to Schedule of Investments. | 1 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
China (continued) | | | | | | | | | | | | |
Investment Companies 0.37% | | | | | | | | | | | | |
Huarong Finance 2019 Co. Ltd. | | 3.375% | | 2/24/2030 | | $ | 270,000 | | | $ | 176,513 | |
Huarong Finance 2019 Co. Ltd. | | 4.105% (3 Mo. LIBOR + 1.13%) | # | 2/24/2023 | | | 350,000 | | | | 344,312 | |
| | | | | | | | | | | 520,825 | |
Telecommunications 0.10% | | | | | | | | | | | | |
Xiaomi Best Time International Ltd.† | | 4.10% | | 7/14/2051 | | | 230,000 | | | | 133,189 | |
Total China | | | | | | | | | | | 1,504,255 | |
| | | | | | | | | | | | |
Colombia 0.49% | | | | | | | | | | | | |
Oil & Gas 0.28% | | | | | | | | | | | | |
Ecopetrol SA | | 5.875% | | 11/2/2051 | | | 650,000 | | | | 386,474 | |
Pipelines 0.21% | | | | | | | | | | | | |
AI Candelaria Spain SA† | | 5.75% | | 6/15/2033 | | | 437,000 | | | | 298,121 | |
Total Colombia | | | | | | | | | | | 684,595 | |
| | | | | | | | | | | | |
India 1.07% | | | | | | | | | | | | |
Commercial Services 0.26% | | | | | | | | | | | | |
Adani Ports & Special Economic Zone Ltd.† | | 3.10% | | 2/2/2031 | | | 500,000 | | | | 360,132 | |
Oil & Gas 0.53% | | | | | | | | | | | | |
Reliance Industries Ltd.† | | 2.875% | | 1/12/2032 | | | 950,000 | | | | 745,539 | |
Transportation 0.28% | | | | | | | | | | | | |
Indian Railway Finance Corp. Ltd. | | 2.80% | | 2/10/2031 | | | 500,000 | | | | 386,324 | |
Total India | | | | | | | | | | | 1,491,995 | |
| | | | | | | | | | | | |
Indonesia 2.89% | | | | | | | | | | | | |
Coal 0.34% | | | | | | | | | | | | |
Indika Energy Capital IV Pte Ltd. | | 8.25% | | 10/22/2025 | | | 500,000 | | | | 468,930 | |
Electric 1.19% | | | | | | | | | | | | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara† | | 3.00% | | 6/30/2030 | | | 600,000 | | | | 466,368 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara† | | 4.00% | | 6/30/2050 | | | 560,000 | | | | 337,944 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara† | | 4.125% | | 5/15/2027 | | | 930,000 | | | | 862,347 | |
| | | | | | | | | | | 1,666,659 | |
Mining 0.44% | | | | | | | | | | | | |
Freeport Indonesia PT† | | 5.315% | | 4/14/2032 | | | 229,000 | | | | 190,642 | |
Indonesia Asahan Aluminium Persero PT† | | 5.45% | | 5/15/2030 | | | 480,000 | | | | 430,265 | |
| | | | | | | | | | | 620,907 | |
2 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Indonesia (continued) | | | | | | | | | | | | |
Oil & Gas 0.92% | | | | | | | | | | | | |
Pertamina Persero PT† | | 3.10% | | 1/21/2030 | | $ | 900,000 | | | $ | 745,464 | |
Pertamina Persero PT† | | 5.625% | | 5/20/2043 | | | 630,000 | | | | 534,637 | |
| | | | | | | | | | | 1,280,101 | |
Total Indonesia | | | | | | | | | | | 4,036,597 | |
| | | | | | | | | | | | |
Israel 0.62% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
Bank Hapoalim BM† | | 3.255% (5 Yr. Treasury CMT + 2.16%) | # | 1/21/2032 | | | 480,000 | | | | 401,217 | |
Bank Leumi Le-Israel BM† | | 3.275% (5 Yr. Treasury CMT + 1.63%) | # | 1/29/2031 | | | 200,000 | | | | 170,500 | |
Bank Leumi Le-Israel BM† | | 5.125% | | 7/27/2027 | | | 300,000 | | | | 295,089 | |
Total Israel | | | | | | | | | | | 866,806 | |
| | | | | | | | | | | | |
Jamaica 0.28% | | | | | | | | | | | | |
Commercial Services | | | | | | | | | | | | |
TransJamaican Highway Ltd.† | | 5.75% | | 10/10/2036 | | | 485,323 | | | | 395,218 | |
| | | | | | | | | | | | |
Kazakhstan 1.53% | | | | | | | | | | | | |
Oil & Gas 0.86% | | | | | | | | | | | | |
KazMunayGas National Co. JSC† | | 4.75% | | 4/19/2027 | | | 700,000 | | | | 587,492 | |
KazMunayGas National Co. JSC† | | 6.375% | | 10/24/2048 | | | 300,000 | | | | 210,533 | |
Tengizchevroil Finance Co. International Ltd.† | | 3.25% | | 8/15/2030 | | | 560,000 | | | | 399,000 | |
| | | | | | | | | | | 1,197,025 | |
Pipelines 0.67% | | | | | | | | | | | | |
KazTransGas JSC† | | 4.375% | | 9/26/2027 | | | 1,100,000 | | | | 935,000 | |
Total Kazakhstan | | | | | | | | | | | 2,132,025 | |
| | | | | | | | | | | | |
Kuwait 0.32% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
NBK Tier 1 Financing 2 Ltd.† | | 4.50% (6 Yr. Treasury CMT + 2.83%) | # | – | (a) | | 500,000 | | | | 448,323 | |
| | | | | | | | | | | | |
Malaysia 2.45% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Petronas Capital Ltd.† | | 2.48% | | 1/28/2032 | | | 1,600,000 | | | | 1,315,643 | |
Petronas Capital Ltd.† | | 3.404% | | 4/28/2061 | | | 1,800,000 | | | | 1,241,323 | |
Petronas Energy Canada Ltd.† | | 2.112% | | 3/23/2028 | | | 1,000,000 | | | | 862,574 | |
Total Malaysia | | | | | | | | | | | 3,419,540 | |
| See Notes to Schedule of Investments. | 3 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Mexico 3.35% | | | | | | | | | | | | |
Banks 0.56% | | | | | | | | | | | | |
Banco Nacional de Comercio Exterior SNC† | | 2.72% (5 Yr. Treasury CMT + 2.00%) | # | 8/11/2031 | | $ | 420,000 | | | $ | 362,625 | |
BBVA Bancomer SA† | | 5.125% (5 Yr. Treasury CMT + 2.65%) | # | 1/18/2033 | | | 500,000 | | | | 414,504 | |
| | | | | | | | | | | 777,129 | |
Electric 0.65% | | | | | | | | | | | | |
Comision Federal de Electricidad† | | 3.348% | | 2/9/2031 | | | 625,000 | | | | 448,744 | |
Comision Federal de Electricidad† | | 4.677% | | 2/9/2051 | | | 800,000 | | | | 466,518 | |
| | | | | | | | | | | 915,262 | |
Oil & Gas 2.14% | | | | | | | | | | | | |
Petroleos Mexicanos | | 5.35% | | 2/12/2028 | | | 750,000 | | | | 571,800 | |
Petroleos Mexicanos | | 6.50% | | 6/2/2041 | | | 1,175,000 | | | | 683,045 | |
Petroleos Mexicanos | | 6.70% | | 2/16/2032 | | | 2,102,000 | | | | 1,478,021 | |
Petroleos Mexicanos | | 6.75% | | 9/21/2047 | | | 460,000 | | | | 257,193 | |
| | | | | | | | | | | 2,990,059 | |
Total Mexico | | | | | | | | | | | 4,682,450 | |
| | | | | | | | | | | | |
Morocco 0.16% | | | | | | | | | | | | |
Chemicals | | | | | | | | | | | | |
OCP SA† | | 5.125% | | 6/23/2051 | | | 350,000 | | | | 224,145 | |
| | | | | | | | | | | | |
Oman 0.78% | | | | | | | | | | | | |
Electric | | | | | | | | | | | | |
OmGrid Funding Ltd.† | | 5.196% | | 5/16/2027 | | | 1,200,000 | | | | 1,086,428 | |
| | | | | | | | | | | | |
Panama 0.69% | | | | | | | | | | | | |
Banks 0.27% | | | | | | | | | | | | |
Banco Nacional de Panama† | | 2.50% | | 8/11/2030 | | | 500,000 | | | | 367,537 | |
Electric 0.11% | | | | | | | | | | | | |
AES Panama Generation Holdings SRL† | | 4.375% | | 5/31/2030 | | | 200,000 | | | | 157,921 | |
Multi-National 0.31% | | | | | | | | | | | | |
Banco Latinoamericano de Comercio Exterior SA† | | 2.375% | | 9/14/2025 | | | 478,000 | | | | 435,637 | |
Total Panama | | | | | | | | | | | 961,095 | |
| | | | | | | | | | | | |
Paraguay 0.19% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
Banco Continental SAECA† | | 2.75% | | 12/10/2025 | | | 300,000 | | | | 262,124 | |
4 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Peru 1.02% | | | | | | | | | | | | |
Banks 0.76% | | | | | | | | | | | | |
Banco Internacional del Peru SAA Interbank† | | 3.25% | | 10/4/2026 | | $ | 590,000 | | | $ | 535,084 | |
Banco Internacional del Peru SAA Interbank† | | 3.375% | | 1/18/2023 | | | 520,000 | | | | 517,954 | |
| | | | | | | | | | | 1,053,038 | |
Oil & Gas 0.26% | | | | | | | | | | | | |
Hunt Oil Co. of Peru LLC Sucursal Del Peru† | | 6.375% | | 6/1/2028 | | | 412,200 | | | | 368,404 | |
Total Peru | | | | | | | | | | | 1,421,442 | |
| | | | | | | | | | | | |
Qatar 1.25% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Qatar Energy† | | 2.25% | | 7/12/2031 | | | 1,500,000 | | | | 1,211,668 | |
Qatar Energy† | | 3.30% | | 7/12/2051 | | | 750,000 | | | | 534,315 | |
Total Qatar | | | | | | | | | | | 1,745,983 | |
| | | | | | | | | | | | |
Russia 0.26% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Gazprom PJSC Via Gaz Capital SA† | | 4.95% | | 2/6/2028 | | | 700,000 | | | | 367,500 | |
| | | | | | | | | | | | |
Saudi Arabia 1.18% | | | | | | | | | | | | |
Electric 0.35% | | | | | | | | | | | | |
Acwa Power Management And Investments One Ltd† | | 5.95% | | 12/15/2039 | | | 548,900 | | | | 493,705 | |
Oil & Gas 0.44% | | | | | | | | | | | | |
SAGlobal Sukuk Ltd.† | | 1.602% | | 6/17/2026 | | | 240,000 | | | | 213,115 | |
Saudi Arabian Oil Co. | | 2.25% | | 11/24/2030 | | | 300,000 | | | | 242,686 | |
Saudi Arabian Oil Co.† | | 3.25% | | 11/24/2050 | | | 225,000 | | | | 151,488 | |
| | | | | | | | | | | 607,289 | |
Pipelines 0.39% | | | | | | | | | | | | |
EIG Pearl Holdings Sarl† | | 3.545% | | 8/31/2036 | | | 685,000 | | | | 548,336 | |
Total Saudi Arabia | | | | | | | | | | | 1,649,330 | |
| | | | | | | | | | | | |
South Africa 1.27% | | | | | | | | | | | | |
Electric | | | | | | | | | | | | |
Eskom Holdings SOC Ltd. | | 6.35% | | 8/10/2028 | | | 700,000 | | | | 612,668 | |
Eskom Holdings SOC Ltd.† | | 7.125% | | 2/11/2025 | | | 1,300,000 | | | | 1,157,455 | |
Total South Africa | | | | | | | | | | | 1,770,123 | |
| | | | | | | | | | | | |
South Korea 2.80% | | | | | | | | | | | | |
Electric 0.84% | | | | | | | | | | | | |
Korea East-West Power Co. Ltd.† | | 3.60% | | 5/6/2025 | | | 495,000 | | | | 478,552 | |
Korea Electric Power Corp. | | 5.50% | | 4/6/2028 | | | 700,000 | | | | 700,971 | |
| | | | | | | | | | | 1,179,523 | |
| See Notes to Schedule of Investments. | 5 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
South Korea (continued) | | | | | | | | | | | | |
Energy-Alternate Sources 0.35% | | | | | | | | | | | | |
Hanwha Energy USA Holdings Corp.† | | 4.125% | | 7/5/2025 | | $ | 500,000 | | | $ | 488,455 | |
Oil & Gas 0.94% | | | | | | | | | | | | |
Korea National Oil Corp.† | | 2.125% | | 4/18/2027 | | | 1,500,000 | | | | 1,310,960 | |
Semiconductors 0.67% | | | | | | | | | | | | |
SK Hynix, Inc.† | | 2.375% | | 1/19/2031 | | | 1,270,000 | | | | 940,899 | |
Total South Korea | | | | | | | | | | | 3,919,837 | |
| | | | | | | | | | | | |
Supranational 0.31% | | | | | | | | | | | | |
Multi-National | | | | | | | | | | | | |
African Export-Import Bank (The)† | | 2.634% | | 5/17/2026 | | | 500,000 | | | | 435,750 | |
| | | | | | | | | | | | |
Thailand 0.54% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Thaioil Treasury Center Co. Ltd.† | | 3.50% | | 10/17/2049 | | | 1,300,000 | | | | 753,048 | |
| | | | | | | | | | | | |
Turkey 0.86% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
Turkiye Garanti Bankasi AS† | | 5.875% | | 3/16/2023 | | | 1,200,000 | | | | 1,197,960 | |
| | | | | | | | | | | | |
United Arab Emirates 2.18% | | | | | | | | | | | | |
Commercial Services 0.78% | | | | | | | | | | | | |
DP World Crescent Ltd. | | 3.875% | | 7/18/2029 | | | 1,200,000 | | | | 1,088,519 | |
Energy-Alternate Sources 0.38% | | | | | | | | | | | | |
Sweihan PV Power Co. PJSC† | | 3.625% | | 1/31/2049 | | | 665,451 | | | | 530,142 | |
Investment Companies 0.22% | | | | | | | | | | | | |
MDGH GMTN RSC Ltd.† | | 3.70% | | 11/7/2049 | | | 400,000 | | | | 310,125 | |
Pipelines 0.52% | | | | | | | | | | | | |
Galaxy Pipeline Assets Bidco Ltd.† | | 3.25% | | 9/30/2040 | | | 1,000,000 | | | | 734,175 | |
Sovereign 0.28% | | | | | | | | | | | | |
Finance Department Government of Sharjah | | 3.625% | | 3/10/2033 | | | 500,000 | | | | 389,184 | |
Total United Arab Emirates | | | | | | | | | | | 3,052,145 | |
| | | | | | | | | | | | |
United States 0.15% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Citgo Holding, Inc.† | | 9.25% | | 8/1/2024 | | | 208,000 | | | | 206,675 | |
Total Corporate Bonds (cost $54,384,696) | | | | | | | | | | | 44,860,434 | |
6 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
FOREIGN GOVERNMENT OBLIGATIONS 60.74% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Angola 1.53% | | | | | | | | | | | | |
Angolan Government International Bond† | | 9.125% | | 11/26/2049 | | $ | 1,050,000 | | | $ | 710,441 | |
Republic of Angola† | | 8.25% | | 5/9/2028 | | | 1,800,000 | | | | 1,423,584 | |
Total Angola | | | | | | | | | | | 2,134,025 | |
| | | | | | | | | | | | |
Argentina 1.07% | | | | | | | | | | | | |
Argentine Republic Government International Bond | | 1.50% | | 7/9/2035 | | | 2,950,000 | | | | 537,325 | |
Argentine Republic Government International Bond | | 3.50% | | 7/9/2041 | | | 2,150,000 | | | | 462,593 | |
Argentine Republic Government International Bond | | 3.875% | | 1/9/2038 | | | 2,077,038 | | | | 490,360 | |
Total Argentina | | | | | | | | | | | 1,490,278 | |
| | | | | | | | | | | | |
Bahrain 1.89% | | | | | | | | | | | | |
Kingdom of Bahrain† | | 5.45% | | 9/16/2032 | | | 1,550,000 | | | | 1,241,369 | |
Kingdom of Bahrain† | | 6.00% | | 9/19/2044 | | | 300,000 | | | | 208,813 | |
Kingdom of Bahrain† | | 7.00% | | 1/26/2026 | | | 1,180,000 | | | | 1,186,374 | |
Total Bahrain | | | | | | | | | | | 2,636,556 | |
| | | | | | | | | | | | |
Bermuda 0.18% | | | | | | | | | | | | |
Bermuda Government International Bond† | | 2.375% | | 8/20/2030 | | | 320,000 | | | | 256,157 | |
| | | | | | | | | | | | |
Brazil 1.88% | | | | | | | | | | | | |
Federal Republic of Brazil | | 3.75% | | 9/12/2031 | | | 1,650,000 | | | | 1,336,068 | |
Federal Republic of Brazil | | 4.75% | | 1/14/2050 | | | 1,431,000 | | | | 978,618 | |
Federal Republic of Brazil | | 5.00% | | 1/27/2045 | | | 436,000 | | | | 317,943 | |
Total Brazil | | | | | | | | | | | 2,632,629 | |
| | | | | | | | | | | | |
Chile 1.34% | | | | | | | | | | | | |
Chile Government International Bond | | 2.45% | | 1/31/2031 | | | 850,000 | | | | 682,058 | |
Chile Government International Bond | | 3.10% | | 5/7/2041 | | | 1,050,000 | | | | 714,058 | |
Chile Government International Bond | | 3.50% | | 1/25/2050 | | | 700,000 | | | | 478,104 | |
Total Chile | | | | | | | | | | | 1,874,220 | |
| | | | | | | | | | | | |
Colombia 2.64% | | | | | | | | | | | | |
Republic of Colombia | | 3.00% | | 1/30/2030 | | | 505,000 | | | | 362,883 | |
Republic of Colombia | | 3.25% | | 4/22/2032 | | | 1,275,000 | | | | 864,916 | |
Republic of Colombia | | 3.875% | | 4/25/2027 | | | 860,000 | | | | 731,334 | |
Republic of Colombia | | 4.125% | | 5/15/2051 | | | 1,250,000 | | | | 674,272 | |
Republic of Colombia | | 5.00% | | 6/15/2045 | | | 1,735,000 | | | | 1,056,698 | |
Total Colombia | | | | | | | | | | | 3,690,103 | |
| See Notes to Schedule of Investments. | 7 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Costa Rica 0.97% | | | | | | | | | | | | |
Costa Rica Government† | | 4.375% | | 4/30/2025 | | $ | 640,000 | | | $ | 617,269 | |
Costa Rica Government† | | 5.625% | | 4/30/2043 | | | 662,000 | | | | 473,591 | |
Costa Rica Government† | | 6.125% | | 2/19/2031 | | | 285,000 | | | | 261,743 | |
Total Costa Rica | | | | | | | | | | | 1,352,603 | |
| | | | | | | | | | | | |
Dominican Republic 2.98% | | | | | | | | | | | | |
Dominican Republic† | | 4.50% | | 1/30/2030 | | | 1,428,000 | | | | 1,129,357 | |
Dominican Republic† | | 5.30% | | 1/21/2041 | | | 750,000 | | | | 509,578 | |
Dominican Republic† | | 5.875% | | 1/30/2060 | | | 1,300,000 | | | | 862,888 | |
Dominican Republic† | | 5.95% | | 1/25/2027 | | | 1,225,000 | | | | 1,143,044 | |
Dominican Republic International Bond† | | 5.50% | | 2/22/2029 | | | 600,000 | | | | 518,698 | |
Total Dominican Republic | | | | | | | | | | | 4,163,565 | |
| | | | | | | | | | | | |
Ecuador 1.39% | | | | | | | | | | | | |
Ecuador Government International Bond† | | Zero Coupon | | 7/31/2030 | | | 796,229 | | | | 232,367 | |
Ecuador Government International Bond† | | 1.50% | | 7/31/2040 | | | 1,921,077 | | | | 571,520 | |
Ecuador Government International Bond† | | 2.50% | | 7/31/2035 | | | 1,275,000 | | | | 422,793 | |
Ecuador Government International Bond† | | 5.50% | | 7/31/2030 | | | 1,507,550 | | | | 721,086 | |
Total Ecuador | | | | | | | | | | | 1,947,766 | |
| | | | | | | | | | | | |
Egypt 2.21% | | | | | | | | | | | | |
Republic of Egypt† | | 3.875% | | 2/16/2026 | | | 2,400,000 | | | | 1,748,064 | |
Republic of Egypt† | | 7.30% | | 9/30/2033 | | | 1,000,000 | | | | 579,582 | |
Republic of Egypt† | | 7.903% | | 2/21/2048 | | | 920,000 | | | | 483,239 | |
Republic of Egypt† | | 8.75% | | 9/30/2051 | | | 500,000 | | | | 276,890 | |
Total Egypt | | | | | | | | | | | 3,087,775 | |
| | | | | | | | | | | | |
El Salvador 0.57% | | | | | | | | | | | | |
El Salvador Government International Bond† | | 8.25% | | 4/10/2032 | | | 1,575,000 | | | | 586,686 | |
Republic of EI Salvador† | | 6.375% | | 1/18/2027 | | | 550,000 | | | | 207,959 | |
Total El Salvador | | | | | | | | | | | 794,645 | |
| | | | | | | | | | | | |
Gabon 0.39% | | | | | | | | | | | | |
Gabon Government International Bond† | | 7.00% | | 11/24/2031 | | | 832,000 | | | | 551,108 | |
| | | | | | | | | | | | |
Ghana 1.12% | | | | | | | | | | | | |
Republic of Ghana† | | 6.375% | | 2/11/2027 | | | 1,625,000 | | | | 655,688 | |
Republic of Ghana† | | 7.625% | | 5/16/2029 | | | 730,000 | | | | 281,050 | |
Republic of Ghana† | | 8.625% | | 4/7/2034 | | | 500,000 | | | | 187,460 | |
Republic of Ghana | | 8.627% | | 6/16/2049 | | | 1,175,000 | | | | 437,887 | |
Total Ghana | | | | | | | | | | | 1,562,085 | |
8 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Guatemala 0.77% | | | | | | | | | | | | |
Republic of Guatemala† | | 4.375% | | 6/5/2027 | | $ | 625,000 | | | $ | 574,448 | |
Republic of Guatemala† | | 6.125% | | 6/1/2050 | | | 600,000 | | | | 494,841 | |
Total Guatemala | | | | | | | | | | | 1,069,289 | |
| | | | | | | | | | | | |
Indonesia 2.41% | | | | | | | | | | | | |
Indonesia Government International Bond | | 1.85% | | 3/12/2031 | | | 1,600,000 | | | | 1,223,794 | |
Indonesia Government International Bond | | 3.05% | | 3/12/2051 | | | 1,700,000 | | | | 1,131,285 | |
Indonesia Government International Bond | | 3.50% | | 2/14/2050 | | | 500,000 | | | | 346,380 | |
Perusahaan Penerbit SBSN Indonesia III† | | 4.70% | | 6/6/2032 | | | 700,000 | | | | 658,552 | |
Total Indonesia | | | | | | | | | | | 3,360,011 | |
| | | | | | | | | | | | |
Jamaica 0.28% | | | | | | | | | | | | |
Jamaica Government International Bond | | 6.75% | | 4/28/2028 | | | 375,000 | | | | 390,322 | |
| | | | | | | | | | | | |
Jordan 0.29% | | | | | | | | | | | | |
Kingdom of Jordan† | | 5.85% | | 7/7/2030 | | | 500,000 | | | | 408,174 | |
| | | | | | | | | | | | |
Kazakhstan 0.74% | | | | | | | | | | | | |
Republic of Kazakhstan†(b) | | 1.50% | | 9/30/2034 | | EUR | 500,000 | | | | 321,444 | |
Republic of Kazakhstan† | | 4.875% | | 10/14/2044 | | $ | 915,000 | | | | 710,345 | |
Total Kazakhstan | | | | | | | | | | | 1,031,789 | |
| | | | | | | | | | | | |
Kenya 0.72% | | | | | | | | | | | | |
Republic of Kenya† | | 6.30% | | 1/23/2034 | | | 1,000,000 | | | | 616,385 | |
Republic of Kenya† | | 7.00% | | 5/22/2027 | | | 500,000 | | | | 386,050 | |
Total Kenya | | | | | | | | | | | 1,002,435 | |
| | | | | | | | | | | | |
Lebanon 0.09% | | | | | | | | | | | | |
Republic of Lebanon(c) | | 6.65% | | 2/26/2030 | | | 1,948,000 | | | | 121,555 | |
| | | | | | | | | | | | |
Mexico 2.25% | | | | | | | | | | | | |
Mexico Government International Bond | | 4.40% | | 2/12/2052 | | | 788,000 | | | | 545,585 | |
United Mexican States | | 2.659% | | 5/24/2031 | | | 2,364,000 | | | | 1,818,351 | |
United Mexican States | | 3.771% | | 5/24/2061 | | | 930,000 | | | | 552,102 | |
United Mexican States | | 4.875% | | 5/19/2033 | | | 251,000 | | | | 221,127 | |
Total Mexico | | | | | | | | | | | 3,137,165 | |
| | | | | | | | | | | | |
Mongolia 0.56% | | | | | | | | | | | | |
Development Bank of Mongolia LLC† | | 7.25% | | 10/23/2023 | | | 822,000 | | | | 789,118 | |
| See Notes to Schedule of Investments. | 9 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Morocco 0.91% | | | | | | | | | | | | |
Kingdom of Morocco | | 4.25% | | 12/11/2022 | | $ | 300,000 | | | $ | 299,230 | |
Morocco Government International Bond† | | 3.00% | | 12/15/2032 | | | 970,000 | | | | 682,017 | |
Morocco Government International Bond† | | 4.00% | | 12/15/2050 | | | 500,000 | | | | 287,395 | |
Total Morocco | | | | | | | | | | | 1,268,642 | |
| | | | | | | | | | | | |
Nigeria 1.97% | | | | | | | | | | | | |
Republic of Nigeria† | | 6.50% | | 11/28/2027 | | | 2,150,000 | | | | 1,561,837 | |
Republic of Nigeria† | | 7.375% | | 9/28/2033 | | | 1,730,000 | | | | 1,050,543 | |
Republic of Nigeria | | 8.25% | | 9/28/2051 | | | 250,000 | | | | 141,475 | |
Total Nigeria | | | | | | | | | | | 2,753,855 | |
| | | | | | | | | | | | |
Oman 3.15% | | | | | | | | | | | | |
Oman Government International Bond† | | 4.75% | | 6/15/2026 | | | 3,550,000 | | | | 3,316,996 | |
Oman Government International Bond† | | 6.25% | | 1/25/2031 | | | 300,000 | | | | 280,311 | |
Oman Government International Bond† | | 6.75% | | 1/17/2048 | | | 1,000,000 | | | | 805,134 | |
Total Oman | | | | | | | | | | | 4,402,441 | |
| | | | | | | | | | | | |
Panama 2.49% | | | | | | | | | | | | |
Panama Government International Bond | | 4.30% | | 4/29/2053 | | | 925,000 | | | | 620,306 | |
Republic of Panama | | 2.252% | | 9/29/2032 | | | 1,300,000 | | | | 918,559 | |
Republic of Panama | | 3.87% | | 7/23/2060 | | | 1,010,000 | | | | 603,261 | |
Republic of Panama | | 4.50% | | 4/16/2050 | | | 1,475,000 | | | | 1,031,311 | |
Republic of Panama | | 4.50% | | 4/1/2056 | | | 460,000 | | | | 312,098 | |
Total Panama | | | | | | | | | | | 3,485,535 | |
| | | | | | | | | | | | |
Paraguay 0.64% | | | | | | | | | | | | |
Paraguay Government International Bond† | | 3.849% | | 6/28/2033 | | | 500,000 | | | | 394,574 | |
Republic of Paraguay† | | 5.40% | | 3/30/2050 | | | 675,000 | | | | 498,787 | |
Total Paraguay | | | | | | | | | | | 893,361 | |
| | | | | | | | | | | | |
Peru 1.71% | | | | | | | | | | | | |
Republic of Peru | | 1.862% | | 12/1/2032 | | | 1,000,000 | | | | 704,400 | |
Republic of Peru | | 2.78% | | 12/1/2060 | | | 465,000 | | | | 254,011 | |
Republic of Peru | | 3.00% | | 1/15/2034 | | | 1,900,000 | | | | 1,431,378 | |
Total Peru | | | | | | | | | | | 2,389,789 | |
| | | | | | | | | | | | |
Philippines 2.38% | | | | | | | | | | | | |
Philippine Government International Bond | | 2.65% | | 12/10/2045 | | | 2,800,000 | | | | 1,735,578 | |
Philippine Government International Bond | | 3.229% | | 3/29/2027 | | | 1,700,000 | | | | 1,586,180 | |
Total Philippines | | | | | | | | | | | 3,321,758 | |
10 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Qatar 3.66% | | | | | | | | | | | | |
State of Qatar† | | 3.25% | | 6/2/2026 | | $ | 2,359,000 | | | $ | 2,249,917 | |
State of Qatar† | | 4.00% | | 3/14/2029 | | | 1,650,000 | | | | 1,584,040 | |
State of Qatar | | 4.40% | | 4/16/2050 | | | 500,000 | | | | 440,989 | |
State of Qatar† | | 4.40% | | 4/16/2050 | | | 950,000 | | | | 837,879 | |
Total Qatar | | | | | | | | | | | 5,112,825 | |
| | | | | | | | | | | | |
Romania 0.36% | | | | | | | | | | | | |
Romanian Government International Bond†(b) | | 2.625% | | 12/2/2040 | | EUR | 1,000,000 | | | | 503,957 | |
| | | | | | | | | | | | |
Saudi Arabia 3.31% | | | | | | | | | | | | |
KSA Sukuk Ltd.† | | 2.25% | | 5/17/2031 | | $ | 1,000,000 | | | | 834,726 | |
Saudi International Bond† | | 3.25% | | 11/17/2051 | | | 500,000 | | | | 340,965 | |
Saudi International Bond† | | 3.45% | | 2/2/2061 | | | 2,700,000 | | | | 1,840,285 | |
Saudi International Bond† | | 3.625% | | 3/4/2028 | | | 1,702,000 | | | | 1,612,601 | |
Total Saudi Arabia | | | | | | | | | | | 4,628,577 | |
| | | | | | | | | | | | |
Senegal 0.50% | | | | | | | | | | | | |
Republic of Senegal† | | 6.25% | | 5/23/2033 | | | 750,000 | | | | 565,901 | |
Senegal Government International Bond†(b) | | 5.375% | | 6/8/2037 | | EUR | 220,000 | | | | 130,285 | |
Total Senegal | | | | | | | | | | | 696,186 | |
| | | | | | | | | | | | |
South Africa 1.67% | | | | | | | | | | | | |
Republic of South Africa | | 4.30% | | 10/12/2028 | | $ | 1,440,000 | | | | 1,201,887 | |
South Africa Government International Bond | | 5.75% | | 9/30/2049 | | | 1,760,000 | | | | 1,136,872 | |
Total South Africa | | | | | | | | | | | 2,338,759 | |
| | | | | | | | | | | | |
Sri Lanka 0.80% | | | | | | | | | | | | |
Republic of Sri Lanka† | | 5.75% | | 4/18/2023 | | | 1,531,000 | | | | 398,797 | |
Republic of Sri Lanka† | | 6.75% | | 4/18/2028 | | | 1,130,000 | | | | 285,202 | |
Republic of Sri Lanka† | | 7.55% | | 3/28/2030 | | | 550,000 | | | | 140,089 | |
Sri Lanka Government International Bond†(c) | | 5.875% | | 7/25/2022 | | | 920,000 | | | | 289,381 | |
Total Sri Lanka | | | | | | | | | | | 1,113,469 | |
| | | | | | | | | | | | |
Tunisia 0.25% | | | | | | | | | | | | |
Banque Centrale de Tunisie International Bond | | 5.75% | | 1/30/2025 | | | 590,000 | | | | 354,658 | |
| | | | | | | | | | | | |
Turkey 3.85% | | | | | | | | | | | | |
Republic of Turkey | | 4.25% | | 4/14/2026 | | | 2,100,000 | | | | 1,734,134 | |
Republic of Turkey | | 5.25% | | 3/13/2030 | | | 1,445,000 | | | | 1,037,246 | |
Republic of Turkey | | 5.75% | | 5/11/2047 | | | 1,250,000 | | | | 755,400 | |
Republic of Turkey | | 5.95% | | 1/15/2031 | | | 500,000 | | | | 369,461 | |
| See Notes to Schedule of Investments. | 11 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Turkey (continued) | | | | | | | | | | | | |
Republic of Turkey | | 6.35% | | 8/10/2024 | | $ | 1,040,000 | | | $ | 1,000,361 | |
Turkiye Ihracat Kredi Bankasi AS† | | 5.75% | | 7/6/2026 | | | 580,000 | | | | 483,088 | |
Total Turkey | | | | | | | | | | | 5,379,690 | |
| | | | | | | | | | | | |
Ukraine 0.32% | | | | | | | | | | | | |
Ukraine Government† | | 7.253% | | 3/15/2035 | | | 730,000 | | | | 137,616 | |
Ukraine Government† | | 7.375% | | 9/25/2034 | | | 1,606,000 | | | | 308,169 | |
Total Ukraine | | | | | | | | | | | 445,785 | |
| | | | | | | | | | | | |
United Arab Emirates 2.72% | | | | | | | | | | | | |
Abu Dhabi Government International Bond† | | 1.70% | | 3/2/2031 | | | 1,989,000 | | | | 1,581,482 | |
Abu Dhabi Government International Bond† | | 1.875% | | 9/15/2031 | | | 1,000,000 | | | | 801,412 | |
Abu Dhabi Government International Bond† | | 3.125% | | 9/30/2049 | | | 1,000,000 | | | | 707,350 | |
UAE International Government Bond† | | 3.25% | | 10/19/2061 | | | 1,000,000 | | | | 709,635 | |
Total United Arab Emirates | | | | | | | | | | | 3,799,879 | |
| | | | | | | | | | | | |
Uruguay 1.78% | | | | | | | | | | | | |
Republic of Uruguay | | 4.375% | | 1/23/2031 | | | 400,000 | | | | 383,621 | |
Republic of Uruguay | | 4.975% | | 4/20/2055 | | | 1,428,000 | | | | 1,280,085 | |
Republic of Uruguay | | 5.10% | | 6/18/2050 | | | 896,000 | | | | 822,780 | |
Total Uruguay | | | | | | | | | | | 2,486,486 | |
| | | | | | | | | | | | |
Total Foreign Government Obligations (cost $121,252,834) | | | | | | | | | | | 84,859,025 | |
Total Long-Term Investments (cost $175,637,530) | | | | | | | | | | | 129,719,459 | |
| | | | | | | | | | | | |
SHORT-TERM INVESTMENTS 4.97% | | | | | | | | | | | | |
| | | | | | | | | | | | |
U.S. TREASURY OBLIGATIONS 4.97% | | | | | | | | | | | | |
U.S. Treasury Bill | | Zero Coupon | | 2/16/2023 | | | 1,065,000 | | | | 1,050,848 | |
U.S. Treasury Bill | | Zero Coupon | | 3/16/2023 | | | 5,988,000 | | | | 5,887,442 | |
Total U.S. Treasury Obligations (cost $6,937,738) | | | | | | | | | | | 6,938,290 | |
Total Investments in Securities 97.82% (cost $182,575,268) | | | | | | | | | 136,657,749 | |
Other Assets and Liabilities – Net(d) 2.18% | | | | | | | | | | | 3,052,630 | |
Net Assets 100.00% | | | | | | | | | | $ | 139,710,379 | |
EUR | | Euro. |
CMT | | Constant Maturity Rate. |
LIBOR | | London Interbank Offered Rate. |
† | | 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. At September 30, 2022, the total value of Rule 144A securities was $83,783,263, which represents 59.97% of net assets. |
# | | Variable rate security. The interest rate represents the rate in effect at September 30, 2022. |
(a) | | Security is perpetual in nature and has no stated maturity. |
12 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
| (b) | | Investment in non-U.S. dollar denominated securities. |
| (c) | | Defaulted (non-income producing security). |
| (d) | | Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts and futures contracts as follows: |
Forward Foreign Currency Exchange Contracts at September 30, 2022:
Forward Foreign Currency Exchange Contracts | | Transaction Type | | Counterparty | | Expiration Date | | Foreign Currency | | | U.S. $ Cost on Origination Date | | | U.S. $ Current Value | | | Unrealized Appreciation | |
Euro | | Buy | | State Street Bank and Trust | | 12/12/2022 | | | 45,000 | | | | $ | 43,933 | | | | $ | 44,327 | | | | $ | 394 | |
Euro | | Sell | | State Street Bank and Trust | | 12/12/2022 | | | 1,133,000 | | | | | 1,139,401 | | | | | 1,116,050 | | | | | 23,351 | |
Total Unrealized Appreciation on Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | | $ | 23,745 | |
Futures Contracts at September 30, 2022:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Appreciation | |
Euro-Bund | | December 2022 | | 8 | | Short | | EUR (1,154,962 | ) | | EUR (1,107,920 | ) | | | $ | 46,103 | |
Euro-Buxl | | December 2022 | | 2 | | Short | | | (319,256 | ) | | | (293,280 | ) | | | | 25,458 | |
U.S. 10-Year Ultra Treasury Note | | December 2022 | | 138 | | Short | | $ | (17,299,405 | ) | | $ | (16,350,844 | ) | | | | 948,561 | |
U.S. 5-Year Treasury Note | | December 2022 | | 1 | | Short | | | (111,317 | ) | | | (107,508 | ) | | | | 3,809 | |
U.S. Ultra Treasury Bond | | December 2022 | | 47 | | Short | | | (7,019,247 | ) | | | (6,439,000 | ) | | | | 580,247 | |
Total Unrealized Appreciation on Futures Contracts | | | | | | | | | | | | | $ | 1,604,178 | |
| | | | | | | | | | | | | | | |
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Depreciation | |
U.S. 10-Year Treasury Bond | | December 2022 | | 8 | | Long | | $ | 897,390 | | | $ | 896,500 | | | | $ | (890 | ) |
U.S. 2-Year Treasury Note | | December 2022 | | 36 | | Long | | | 7,513,594 | | | | 7,394,062 | | | | | (119,532 | ) |
U.S. Long Bond | | December 2022 | | 147 | | Long | | | 20,028,717 | | | | 18,581,719 | | | | | (1,446,998 | ) |
Total Unrealized Depreciation on Futures Contracts | | | | | | | | | | | | | $ | (1,567,420 | ) |
The following is a summary of the inputs used as of September 30, 2022 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Long-Term Investments | | | | | | | | | | | | | | | | |
Corporate Bonds | | $ | – | | | $ | 44,860,434 | | | $ | – | | | $ | 44,860,434 | |
Foreign Government Obligations | | | – | | | | 84,859,025 | | | | – | | | | 84,859,025 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
U.S. Treasury Obligations | | | – | | | | 6,938,290 | | | | – | | | | 6,938,290 | |
Total | | $ | – | | | $ | 136,657,749 | | | $ | – | | | $ | 136,657,749 | |
| See Notes to Schedule of Investments. | 13 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND September 30, 2022
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | – | | | $ | 23,745 | | | $ | – | | | $ | 23,745 | |
Liabilities | | | – | | | | – | | | | – | | | | – | |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | | 1,604,178 | | | | – | | | | – | | | | 1,604,178 | |
Liabilities | | | (1,567,420 | ) | | | – | | | | – | | | | (1,567,420 | ) |
Total | | $ | 36,758 | | | $ | 23,745 | | | $ | – | | | $ | 60,503 | |
| | |
(1) | | Refer to Note 2(b) 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. When applicable each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
14 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | | | | | Shares | | | Fair Value | |
LONG-TERM INVESTMENTS 94.85% | | | | | | | | | | | | |
| | | | | | | | | | | | |
COMMON STOCKS 0.23% | | | | | | | | | | | | |
| | | | | | | | | | | | |
China 0.05% | | | | | | | | | | | | |
Internet & Catalog Retail | | | | | | | | | | | | |
Alibaba Group Holding Ltd. ADR* | | | | | | | 331 | | | $ | 26,477 | |
| | | | | | | | | | | | |
United States 0.18% | | | | | | | | | | | | |
Chemicals 0.12% | | | | | | | | | | | | |
Mosaic Co. (The) | | | | | | | 1,291 | | | | 62,394 | |
Food Products 0.06% | | | | | | | | | | | | |
Archer-Daniels-Midland Co. | | | | | | | 412 | | | | 33,145 | |
Total United States | | | | | | | | | | | 95,539 | |
Total Common Stocks (cost $145,497) | | | | | | | | | | | 122,016 | |
| | | | | | | | | | | | |
| | Interest Rate | | Maturity Date | | Principal Amount | | | | | |
CONVERTIBLE BONDS 0.77% | | | | | | | | | | | | |
| | | | | | | | | | | | |
China 0.42% | | | | | | | | | | | | |
Internet | | | | | | | | | | | | |
Pinduoduo, Inc. | | Zero Coupon | | 12/1/2025 | | $ | 49,000 | | | | 44,076 | |
Weibo Corp. | | 1.25% | | 11/15/2022 | | | 180,000 | | | | 178,650 | |
| | | | | | | | | | | | |
United Arab Emirates 0.35% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Abu Dhabi National Oil Co. | | 0.70% | | 6/4/2024 | | | 200,000 | | | | 187,000 | |
Total Convertible Bonds (cost $425,260) | | | | | | | | | | | 409,726 | |
| | | | | | | | | | | | |
CORPORATE BONDS 92.40% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Argentina 2.16% | | | | | | | | | | | | |
Electric 0.63% | | | | | | | | | | | | |
Pampa Energia SA† | | 9.125% | | 4/15/2029 | | | 400,000 | | | | 336,540 | |
Energy-Alternate Sources 0.59% | | | | | | | | | | | | |
YPF Energia Electrica SA† | | 10.00% | | 7/25/2026 | | | 392,000 | | | | 313,763 | |
Oil & Gas 0.94% | | | | | | | | | | | | |
YPF SA† | | 6.95% | | 7/21/2027 | | | 860,000 | | | | 504,704 | |
Total Argentina | | | | | | | | | | | 1,155,007 | |
| | |
| See Notes to Schedule of Investments. | 15 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Brazil 5.41% | | | | | | | | | | | | |
Airlines 0.27% | | | | | | | | | | | | |
Azul Investments LLP† | | 5.875% | | 10/26/2024 | | $ | 200,000 | | | $ | 144,408 | |
Chemicals 0.38% | | | | | | | | | | | | |
Braskem Finance Ltd. | | 6.45% | | 2/3/2024 | | | 200,000 | | | | 202,136 | |
Commercial Services 0.40% | | | | | | | | | | | | |
Movida Europe SA† | | 5.25% | | 2/8/2031 | | | 300,000 | | | | 213,471 | |
Diversified Financial Services 0.65% | | | | | | | | | | | | |
XP, Inc.† | | 3.25% | | 7/1/2026 | | | 400,000 | | | | 346,280 | |
Forest Products & Paper 0.54% | | | | | | | | | | | | |
Suzano Austria GmbH | | 3.125% | | 1/15/2032 | | | 400,000 | | | | 288,468 | |
Internet 0.25% | | | | | | | | | | | | |
B2W Digital Lux Sarl† | | 4.375% | | 12/20/2030 | | | 200,000 | | | | 136,392 | |
Iron-Steel 1.34% | | | | | | | | | | | | |
CSN Inova Ventures† | | 6.75% | | 1/28/2028 | | | 200,000 | | | | 173,631 | |
CSN Resources SA† | | 4.625% | | 6/10/2031 | | | 200,000 | | | | 136,654 | |
Vale Overseas Ltd. | | 3.75% | | 7/8/2030 | | | 500,000 | | | | 405,835 | |
| | | | | | | | | | | 716,120 | |
Media 0.28% | | | | | | | | | | | | |
Globo Comunicacao e Participacoes SA | | 5.50% | | 1/14/2032 | | | 200,000 | | | | 150,374 | |
Oil & Gas 0.58% | | | | | | | | | | | | |
MC Brazil Downstream Trading Sarl† | | 7.25% | | 6/30/2031 | | | 411,000 | | | | 309,947 | |
Transportation 0.72% | | | | | | | | | | | | |
Hidrovias International Finance Sarl† | | 4.95% | | 2/8/2031 | | | 200,000 | | | | 154,507 | |
Rumo Luxembourg Sarl† | | 4.20% | | 1/18/2032 | | | 300,000 | | | | 233,218 | |
| | | | | | | | | | | 387,725 | |
Total Brazil | | | | | | | | | | | 2,895,321 | |
| | | | | | | | | | | | |
Canada 0.12% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
MEG Energy Corp.† | | 5.875% | | 2/1/2029 | | | 73,000 | | | | 65,628 | |
| | | | | | | | | | | | |
Chile 3.29% | | | | | | | | | | | | |
Banks 1.04% | | | | | | | | | | | | |
Banco de Credito e Inversiones SA† | | 3.50% | | 10/12/2027 | | | 200,000 | | | | 181,157 | |
Banco del Estado de Chile† | | 2.704% | | 1/9/2025 | | | 200,000 | | | | 187,468 | |
Banco Santander Chile† | | 2.70% | | 1/10/2025 | | | 200,000 | | | | 187,000 | |
| | | | | | | | | | | 555,625 | |
Chemicals 0.26% | | | | | | | | | | | | |
Sociedad Quimica y Minera de Chile SA† | | 3.50% | | 9/10/2051 | | | 200,000 | | | | 137,597 | |
| |
16 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Chile (continued) | | | | | | | | | | | | |
Electric 0.66% | | | | | | | | | | | | |
Alfa Desarrollo SpA† | | 4.55% | | 9/27/2051 | | $ | 249,089 | | | $ | 164,965 | |
Engie Energia Chile SA† | | 4.50% | | 1/29/2025 | | | 200,000 | | | | 191,318 | |
| | | | | | | | | | | 356,283 | |
Forest Products & Paper 0.56% | | | | | | | | | | | | |
Inversiones CMPC SA† | | 3.00% | | 4/6/2031 | | | 400,000 | | | | 298,000 | |
Media 0.21% | | | | | | | | | | | | |
VTR Finance NV† | | 6.375% | | 7/15/2028 | | | 200,000 | | | | 112,500 | |
Mining 0.28% | | | | | | | | | | | | |
Antofagasta plc† | | 2.375% | | 10/14/2030 | | | 200,000 | | | | 149,873 | |
Pipelines 0.28% | | | | | | | | | | | | |
GNL Quintero SA† | | 4.634% | | 7/31/2029 | | | 164,720 | | | | 151,788 | |
Total Chile | | | | | | | | | | | 1,761,666 | |
| | | | | | | | | | | | |
China 5.56% | | | | | | | | | | | | |
Chemicals 0.92% | | | | | | | | | | | | |
Tianqi Finco Co. Ltd. | | 3.75% | | 11/28/2022 | | | 500,000 | | | | 494,700 | |
Gas 0.64% | | | | | | | | | | | | |
ENN Clean Energy International Investment Ltd.† | | 3.375% | | 5/12/2026 | | | 400,000 | | | | 343,227 | |
Internet 2.22% | | | | | | | | | | | | |
Baidu, Inc. | | 2.375% | | 10/9/2030 | | | 200,000 | | | | 159,467 | |
Meituan† | | 2.125% | | 10/28/2025 | | | 300,000 | | | | 256,865 | |
Prosus NV† | | 3.257% | | 1/19/2027 | | | 200,000 | | | | 167,681 | |
Prosus NV† | | 3.832% | | 2/8/2051 | | | 400,000 | | | | 222,754 | |
Weibo Corp. | | 3.50% | | 7/5/2024 | | | 400,000 | | | | 382,751 | |
| | | | | | | | | | | 1,189,518 | |
Investment Companies 0.86% | | | | | | | | | | | | |
Huarong Finance 2019 Co. Ltd. | | 3.375% | | 2/24/2030 | | | 400,000 | | | | 261,500 | |
Huarong Finance 2019 Co. Ltd. | | 4.105% (3 Mo. LIBOR + 1.13%) | # | 2/24/2023 | | | 200,000 | | | | 196,750 | |
| | �� | | | | | | | | | 458,250 | |
Real Estate 0.44% | | | | | | | | | | | | |
Country Garden Holdings Co. Ltd. | | 5.125% | | 1/14/2027 | | | 300,000 | | | | 89,250 | |
Kaisa Group Holdings Ltd.† | | 11.95% | | 10/22/2022 | | | 200,000 | | | | 19,500 | |
Ronshine China Holdings Ltd.(a) | | 8.10% | | 6/9/2023 | | | 200,000 | | | | 13,399 | |
Shimao Group Holdings Ltd. | | 3.45% | | 1/11/2031 | | | 400,000 | | | | 47,632 | |
Sunac China Holdings Ltd. | | 7.50% | | 2/1/2024 | | | 450,000 | | | | 65,917 | |
| | | | | | | | | | | 235,698 | |
| | |
| See Notes to Schedule of Investments. | 17 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
China (continued) | | | | | | | | | | | | |
Telecommunications 0.48% | | | | | | | | | | | | |
Xiaomi Best Time International Ltd. | | 2.875% | | 7/14/2031 | | $ | 200,000 | | | $ | 140,097 | |
Xiaomi Best Time International Ltd.† | | 4.10% | | 7/14/2051 | | | 200,000 | | | | 115,817 | |
| | | | | | | | | | | 255,914 | |
Total China | | | | | | | | | | | 2,977,307 | |
| | | | | | | | | | | | |
Colombia 4.00% | | | | | | | | | | | | |
Banks 1.01% | | | | | | | | | | | | |
Banco de Bogota SA† | | 6.25% | | 5/12/2026 | | | 400,000 | | | | 374,644 | |
Bancolombia SA | | 4.625% (5 Yr. Treasury CMT + 2.94%) | # | 12/18/2029 | | | 200,000 | | | | 168,292 | |
| | | | | | | | | | | 542,936 | |
Diversified Financial Services 0.33% | | | | | | | | | | | | |
SURA Asset Management SA† | | 4.375% | | 4/11/2027 | | | 200,000 | | | | 175,985 | |
Oil & Gas 1.65% | | | | | | | | | | | | |
Canacol Energy Ltd.† | | 5.75% | | 11/24/2028 | | | 300,000 | | | | 227,493 | |
Ecopetrol SA | | 4.125% | | 1/16/2025 | | | 235,000 | | | | 215,950 | |
Ecopetrol SA | | 5.875% | | 11/2/2051 | | | 302,000 | | | | 179,562 | |
SierraCol Energy Andina LLC† | | 6.00% | | 6/15/2028 | | | 400,000 | | | | 260,317 | |
| | | | | | | | | | | 883,322 | |
Pipelines 0.61% | | | | | | | | | | | | |
AI Candelaria Spain SA† | | 5.75% | | 6/15/2033 | | | 250,000 | | | | 170,550 | |
Oleoducto Central SA† | | 4.00% | | 7/14/2027 | | | 200,000 | | | | 154,668 | |
| | | | | | | | | | | 325,218 | |
Telecommunications 0.40% | | | | | | | | | | | | |
Millicom International Cellular SA† | | 4.50% | | 4/27/2031 | | | 300,000 | | | | 214,566 | |
Total Colombia | | | | | | | | | | | 2,142,027 | |
| | | | | | | | | | | | |
Dominican Republic 0.61% | | | | | | | | | | | | |
Energy-Alternate Sources | | | | | | | | | | | | |
Empresa Generadora de Electricidad Haina SA† | | 5.625% | | 11/8/2028 | | | 408,000 | | | | 324,539 | |
| | | | | | | | | | | | |
Ghana 1.06% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Kosmos Energy Ltd.† | | 7.50% | | 3/1/2028 | | | 300,000 | | | | 236,051 | |
Kosmos Energy Ltd.† | | 7.75% | | 5/1/2027 | | | 200,000 | | | | 159,541 | |
Tullow Oil plc† | | 10.25% | | 5/15/2026 | | | 200,000 | | | | 169,315 | |
Total Ghana | | | | | | | | | | | 564,907 | |
| |
18 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Guatemala 0.59% | | | | | | | | | | | | |
Beverages 0.31% | | | | | | | | | | | | |
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL† | | 5.25% | | 4/27/2029 | | $ | 190,000 | | | $ | 165,079 | |
Telecommunications 0.28% | | | | | | | | | | | | |
CT Trust† | | 5.125% | | 2/3/2032 | | | 200,000 | | | | 150,917 | |
Total Guatemala | | | | | | | | | | | 315,996 | |
| | | | | | | | | | | | |
Hong Kong 0.36% | | | | | | | | | | | | |
Real Estate | | | | | | | | | | | | |
Swire Properties MTN Financing Ltd. | | 3.625% | | 1/13/2026 | | | 200,000 | | | | 193,625 | |
| | | | | | | | | | | | |
India 3.65% | | | | | | | | | | | | |
Commercial Services 0.90% | | | | | | | | | | | | |
Adani Ports & Special Economic Zone Ltd.† | | 3.10% | | 2/2/2031 | | | 300,000 | | | | 216,080 | |
Adani Ports & Special Economic Zone Ltd. | | 3.375% | | 7/24/2024 | | | 280,000 | | | | 266,409 | |
| | | | | | | | | | | 482,489 | |
Electric 1.17% | | | | | | | | | | | | |
Adani Green Energy Ltd. | | 4.375% | | 9/8/2024 | | | 200,000 | | | | 165,000 | |
Adani Transmission Step-One Ltd.† | | 4.00% | | 8/3/2026 | | | 300,000 | | | | 271,357 | |
Greenko Investment Co.† | | 4.875% | | 8/16/2023 | | | 200,000 | | | | 191,400 | |
| | | | | | | | | | | 627,757 | |
Energy-Alternate Sources 0.29% | | | | | | | | | | | | |
Greenko Dutch BV† | | 3.85% | | 3/29/2026 | | | 191,000 | | | | 155,188 | |
Engineering & Construction 0.41% | | | | | | | | | | | | |
Summit Digitel Infrastructure Ltd.† | | 2.875% | | 8/12/2031 | | | 300,000 | | | | 218,080 | |
Oil & Gas 0.44% | | | | | | | | | | | | |
Reliance Industries Ltd.† | | 2.875% | | 1/12/2032 | | | 300,000 | | | | 235,433 | |
Transportation 0.44% | | | | | | | | | | | | |
Indian Railway Finance Corp. Ltd. | | 2.80% | | 2/10/2031 | | | 300,000 | | | | 231,794 | |
Total India | | | | | | | | | | | 1,950,741 | |
| | | | | | | | | | | | |
Indonesia 5.62% | | | | | | | | | | | | |
Coal 0.87% | | | | | | | | | | | | |
Indika Energy Capital IV Pte Ltd. | | 8.25% | | 10/22/2025 | | | 500,000 | | | | 468,930 | |
Electric 2.29% | | | | | | | | | | | | |
Cikarang Listrindo Tbk PT† | | 4.95% | | 9/14/2026 | | | 200,000 | | | | 182,165 | |
Minejesa Capital BV† | | 4.625% | | 8/10/2030 | | | 600,000 | | | | 498,000 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara† | | 3.00% | | 6/30/2030 | | | 700,000 | | | | 544,096 | |
| | | | | | | | | | | 1,224,261 | |
| | |
| See Notes to Schedule of Investments. | 19 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Indonesia (continued) | | | | | | | | | | | | |
Mining 1.30% | | | | | | | | | | | | |
Bukit Makmur Mandiri Utama PT† | | 7.75% | | 2/10/2026 | | $ | 200,000 | | | $ | 166,910 | |
Freeport Indonesia PT† | | 4.763% | | 4/14/2027 | | | 200,000 | | | | 181,058 | |
Freeport Indonesia PT† | | 5.315% | | 4/14/2032 | | | 200,000 | | | | 166,500 | |
Indonesia Asahan Aluminium Persero PT | | 5.45% | | 5/15/2030 | | | 200,000 | | | | 179,277 | |
| | | | | | | | | | | 693,745 | |
Oil & Gas 1.16% | | | | | | | | | | | | |
Medco Bell Pte Ltd.† | | 6.375% | | 1/30/2027 | | | 400,000 | | | | 321,504 | |
Pertamina Persero PT† | | 4.30% | | 5/20/2023 | | | 300,000 | | | | 297,750 | |
| | | | | | | | | | | 619,254 | |
Total Indonesia | | | | | | | | | | | 3,006,190 | |
| | | | | | | | | | | | |
Israel 3.24% | | | | | | | | | | | | |
Banks 1.00% | | | | | | | | | | | | |
Bank Hapoalim BM† | 3.255% (5 Yr. Treasury CMT + 2.16%) | # | 1/21/2032 | | | 200,000 | | | | 167,174 | |
Bank Leumi Le-Israel BM† | 3.275% (5 Yr. Treasury CMT + 1.63%) | # | 1/29/2031 | | | 200,000 | | | | 170,500 | |
Bank Leumi Le-Israel BM† | | 5.125% | | 7/27/2027 | | | 200,000 | | | | 196,726 | |
| | | | | | | | | | | 534,400 | |
Pharmaceuticals 2.24% | | | | | | | | | | | | |
Teva Pharmaceutical Finance Netherlands III BV | | 3.15% | | 10/1/2026 | | | 600,000 | | | | 493,107 | |
Teva Pharmaceutical Finance Netherlands III BV | | 4.10% | | 10/1/2046 | | | 292,000 | | | | 174,921 | |
Teva Pharmaceutical Finance Netherlands III BV | | 5.125% | | 5/9/2029 | | | 350,000 | | | | 289,578 | |
Teva Pharmaceutical Finance Netherlands III BV | | 6.00% | | 4/15/2024 | | | 250,000 | | | | 243,065 | |
| | | | | | | | | | | 1,200,671 | |
Total Israel | | | | | | | | | | | 1,735,071 | |
| | | | | | | | | | | | |
Kazakhstan 1.17% | | | | | | | | | | | | |
Oil & Gas 0.80% | | | | | | | | | | | | |
Tengizchevroil Finance Co. International Ltd.† | | 3.25% | | 8/15/2030 | | | 600,000 | | | | 427,500 | |
Transportation 0.37% | | | | | | | | | | | | |
Kazakhstan Temir Zholy Finance BV† | | 6.95% | | 7/10/2042 | | | 200,000 | | | | 198,371 | |
Total Kazakhstan | | | | | | | | | | | 625,871 | |
| | | | | | | | | | | | |
Kuwait 2.74% | | | | | | | | | | | | |
Banks 1.47% | | | | | | | | | | | | |
NBK SPC Ltd.† | | 1.625% (SOFR + 1.05%) | # | 9/15/2027 | | | 600,000 | | | | 516,427 | |
| | | | | | | | | | | | |
20 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Kuwait (continued) | | | | | | | | | | | | |
NBK Tier 1 Financing 2 Ltd.† | 4.50% (6 Yr. Treasury CMT + 2.83%) | # | – | (b) | $ | 300,000 | | | $ | 268,994 | |
| | | | | | | | | | | 785,421 | |
Chemicals 1.27% | | | | | | | | | | | | |
Equate Petrochemical BV† | | 2.625% | | 4/28/2028 | | | 800,000 | | | | 679,509 | |
Total Kuwait | | | | | | | | | | | 1,464,930 | |
| | | | | | | | | | | | |
Macau 0.29% | | | | | | | | | | | | |
Lodging | | | | | | | | | | | | |
MGM China Holdings Ltd. | | 4.75% | | 2/1/2027 | | | 200,000 | | | | 155,835 | |
| | | | | | | | | | | | |
Malaysia 1.32% | | | | | | | | | | | | |
Oil & Gas 0.64% | | | | | | | | | | | | |
Petronas Energy Canada Ltd.† | | 2.112% | | 3/23/2028 | | | 400,000 | | | | 345,029 | |
Transportation 0.68% | | | | | | | | | | | | |
Misc Capital Two Labuan Ltd. | | 3.75% | | 4/6/2027 | | | 400,000 | | | | 362,527 | |
Total Malaysia | | | | | | | | | | | 707,556 | |
| | | | | | | | | | | | |
Mexico 3.98% | | | | | | | | | | | | |
Banks 1.89% | | | | | | | | | | | | |
Banco Mercantil del Norte SA/Grand Cayman† | 6.625% (10 Yr. Treasury CMT + 5.03%) | # | – | (b) | | 250,000 | | | | 196,666 | |
Banco Nacional de Comercio Exterior SNC† | 2.72% (5 Yr. Treasury CMT + 2.00%) | # | 8/11/2031 | | | 200,000 | | | | 172,678 | |
BBVA Bancomer SA† | 5.125% (5 Yr. Treasury CMT + 2.65%) | # | 1/18/2033 | | | 450,000 | | | | 373,054 | |
BBVA Bancomer SA/Texas† | | 1.875% | | 9/18/2025 | | | 300,000 | | | | 269,085 | |
| | | | | | | | | | | 1,011,483 | |
Chemicals 0.56% | | | | | | | | | | | | |
Braskem Idesa SAPI† | | 7.45% | | 11/15/2029 | | | 200,000 | | | | 152,005 | |
Orbia Advance Corp. SAB de CV | | 2.875% | | 5/11/2031 | | | 200,000 | | | | 145,895 | |
| | | | | | | | | | | 297,900 | |
Mining 0.27% | | | | | | | | | | | | |
Industrias Penoles SAB de CV† | | 4.75% | | 8/6/2050 | | | 200,000 | | | | 142,803 | |
REITS 0.94% | | | | | | | | | | | | |
CIBANCO SA Institucion de Banca Multiple Trust CIB/3332† | | 4.375% | | 7/22/2031 | | | 500,000 | | | | 352,905 | |
Trust Fibra Uno† | | 4.869% | | 1/15/2030 | | | 200,000 | | | | 152,980 | |
| | | | | | | | | | | 505,885 | |
| | |
| See Notes to Schedule of Investments. | 21 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Mexico (continued) | | | | | | | | | | | | |
Telecommunications 0.32% | | | | | | | | | | | | |
America Movil SAB de CV† | | 5.375% | | 4/4/2032 | | $ | 200,000 | | | $ | 172,423 | |
Total Mexico | | | | | | | | | | | 2,130,494 | |
| | | | | | | | | | | | |
Morocco 1.24% | | | | | | | | | | | | |
Chemicals | | | | | | | | | | | | |
OCP SA† | | 3.75% | | 6/23/2031 | | | 868,000 | | | | 661,588 | |
| | | | | | | | | | | | |
Netherlands 0.28% | | | | | | | | | | | | |
Media | | | | | | | | | | | | |
Summer BidCo BV PIK 9.75%†(c) | | 9.00% | | 11/15/2025 | | EUR | 209,750 | | | | 151,928 | |
| | | | | | | | | | | | |
Nigeria 0.37% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
BOI FINANCE BV†(c) | | 7.50% | | 2/16/2027 | | EUR | 250,000 | | | | 200,200 | |
| | | | | | | | | | | | |
Oman 1.17% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
OQ SAOC† | | 5.125% | | 5/6/2028 | | $ | 700,000 | | | | 627,756 | |
| | | | | | | | | | | | |
Panama 1.90% | | | | | | | | | | | | |
Banks 0.75% | | | | | | | | | | | | |
Multibank Inc† | | 4.375% | | 11/9/2022 | | | 400,000 | | | | 399,830 | |
Electric 0.59% | | | | | | | | | | | | |
AES Panama Generation Holdings SRL† | | 4.375% | | 5/31/2030 | | | 400,000 | | | | 315,842 | |
Engineering & Construction 0.27% | | | | | | | | | | | | |
Aeropuerto Internacional de Tocumen SA† | | 5.125% | | 8/11/2061 | | | 200,000 | | | | 143,395 | |
Media 0.29% | | | | | | | | | | | | |
Cable Onda SA† | | 4.50% | | 1/30/2030 | | | 200,000 | | | | 157,869 | |
Total Panama | | | | | | | | | | | 1,016,936 | |
| | | | | | | | | | | | |
Paraguay 0.83% | | | | | | | | | | | | |
Banks 0.33% | | | | | | | | | | | | |
Banco Continental SAECA† | | 2.75% | | 12/10/2025 | | | 200,000 | | | | 174,749 | |
Telecommunications 0.50% | | | | | | | | | | | | |
Telefonica Celular del Paraguay SA | | 5.875% | | 4/15/2027 | | | 300,000 | | | | 267,009 | |
Total Paraguay | | | | | | | | | | | 441,758 | |
| | | | | | | | | | | | |
Peru 2.30% | | | | | | | | | | | | |
Banks 0.63% | | | | | | | | | | | | |
Banco de Credito del Peru SA† | 3.25% (5 Yr. Treasury CMT + 2.45%) | # | 9/30/2031 | | | 400,000 | | | | 338,740 | |
| |
22 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Peru (continued) | | | | | | | | | | | | |
Diversified Financial Services 0.30% | | | | | | | | | | | | |
Intercorp Peru Ltd.† | | 3.875% | | 8/15/2029 | | $ | 200,000 | | | $ | 162,465 | |
Gas 0.75% | | | | | | | | | | | | |
Gas Natural de Lima y Callao SA† | | 4.375% | | 4/1/2023 | | | 400,000 | | | | 398,820 | |
Oil & Gas 0.31% | | | | | | | | | | | | |
Hunt Oil Co. of Peru LLC Sucursal Del Peru† | | 6.375% | | 6/1/2028 | | | 183,200 | | | | 163,735 | |
Retail 0.31% | | | | | | | | | | | | |
InRetail Consumer† | | 3.25% | | 3/22/2028 | | | 200,000 | | | | 166,770 | |
Total Peru | | | | | | | | | | | 1,230,530 | |
| | | | | | | | | | | | |
Philippines 1.42% | | | | | | | | | | | | |
Commercial Services 1.08% | | | | | | | | | | | | |
Royal Capital BV | 4.875% (5 Yr. Treasury CMT + 5.93%) | # | – | (b) | | 600,000 | | | | 579,510 | |
Holding Companies-Diversified 0.34% | | | | | | | | | | | | |
San Miguel Corp. | 5.50% (5 Yr. Treasury CMT + 10.24%) | # | – | (b) | | 200,000 | | | | 181,500 | |
Total Philippines | | | | | | | | | | | 761,010 | |
| | | | | | | | | | | | |
Qatar 4.26% | | | | | | | | | | | | |
Banks 1.73% | | | | | | | | | | | | |
QIB Sukuk Ltd. | | 1.95% | | 10/27/2025 | | | 300,000 | | | | 276,075 | |
QNB Finance Ltd. | | 2.625% | | 5/12/2025 | | | 400,000 | | | | 375,932 | |
QNB Finance Ltd. | | 2.75% | | 2/12/2027 | | | 300,000 | | | | 271,875 | |
| | | | | | | | | | | 923,882 | |
Gas 0.25% | | | | | | | | | | | | |
Nakilat, Inc.† | | 6.267% | | 12/31/2033 | | | 132,691 | | | | 135,414 | |
Oil & Gas 0.61% | | | | | | | | | | | | |
Qatar Energy† | | 2.25% | | 7/12/2031 | | | 400,000 | | | | 323,111 | |
Telecommunications 1.67% | | | | | | | | | | | | |
Ooredoo International Finance Ltd.† | | 2.625% | | 4/8/2031 | | | 600,000 | | | | 497,382 | |
Ooredoo International Finance Ltd.† | | 3.25% | | 2/21/2023 | | | 400,000 | | | | 397,732 | |
| | | | | | | | | | | 895,114 | |
Total Qatar | | | | | | | | | | | 2,277,521 | |
| | | | | | | | | | | | |
Russia 0.14% | | | | | | | | | | | | |
Banks 0.00% | | | | | | | | | | | | |
Alfa Bank AO Via Alfa Bond Issuance PLC | | 5.50% (5 Yr. Treasury CMT + 4.55%) | # | 10/26/2031 | | | 300,000 | | | | – | (d) |
Sberbank of Russia Via SB Capital SA | | 5.25% | | 5/23/2023 | | | 450,000 | | | | – | (d) |
| | | | | | | | | | | – | |
| | | | | | | | | | | | |
| See Notes to Schedule of Investments. | 23 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Russia (continued) | | | | | | | | | | | | |
Oil & Gas 0.14% | | | | | | | | | | | | |
Gazprom PJSC via Gaz Finance PLC | | 4.599% | | – | (b) | $ | 200,000 | | | $ | 74,000 | |
Total Russia | | | | | | | | | | | 74,000 | |
| | | | | | | | | | | | |
Saudi Arabia 4.08% | | | | | | | | | | | | |
Chemicals 0.30% | | | | | | | | | | | | |
SABIC Capital I BV | | 2.15% | | 9/14/2030 | | | 200,000 | | | | 160,883 | |
Electric 1.21% | | | | | | | | | | | | |
Acwa Power Management And Investments One Ltd† | | 5.95% | | 12/15/2039 | | | 199,600 | | | | 179,529 | |
Saudi Electricity Global Sukuk Co. 3† | | 5.50% | | 4/8/2044 | | | 200,000 | | | | 195,905 | |
Saudi Electricity Global Sukuk Co. 5 | | 1.74% | | 9/17/2025 | | | 300,000 | | | | 273,336 | |
| | | | | | | | | | | 648,770 | |
Oil & Gas 1.97% | | | | | | | | | | | | |
SA Global Sukuk Ltd.† | | 2.694% | | 6/17/2031 | | | 450,000 | | | | 380,489 | |
Saudi Arabian Oil Co. | | 2.25% | | 11/24/2030 | | | 500,000 | | | | 404,477 | |
Saudi Arabian Oil Co.† | | 3.25% | | 11/24/2050 | | | 400,000 | | | | 269,311 | |
| | | | | | | | | | | 1,054,277 | |
Pipelines 0.60% | | | | | | | | | | | | |
EIG Pearl Holdings Sarl† | | 3.545% | | 8/31/2036 | | | 400,000 | | | | 320,196 | |
Total Saudi Arabia | | | | | | | | | | | 2,184,126 | |
| | | | | | | | | | | | |
Singapore 1.48% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
DBS Group Holdings Ltd. | 1.822% (5 Yr. Treasury CMT + 1.10%) | # | 3/10/2031 | | | 900,000 | | | | 792,819 | |
| | | | | | | | | | | | |
South Africa 2.59% | | | | | | | | | | | | |
Chemicals 0.96% | | | | | | | | | | | | |
Sasol Financing USA LLC | | 4.375% | | 9/18/2026 | | | 200,000 | | | | 174,789 | |
Sasol Financing USA LLC | | 5.50% | | 3/18/2031 | | | 450,000 | | | | 340,479 | |
| | | | | | | | | | | 515,268 | |
Commercial Services 0.48% | | | | | | | | | | | | |
Bidvest Group UK plc (The)† | | 3.625% | | 9/23/2026 | | | 300,000 | | | | 255,990 | |
Electric 0.69% | | | | | | | | | | | | |
Eskom Holdings SOC Ltd.† | | 6.75% | | 8/6/2023 | | | 200,000 | | | | 190,066 | |
Eskom Holdings SOC Ltd.† | | 7.125% | | 2/11/2025 | | | 200,000 | | | | 178,070 | |
| | | | | | | | | | | 368,136 | |
Mining 0.46% | | | | | | | | | | | | |
Stillwater Mining Co. | | 4.00% | | 11/16/2026 | | | 300,000 | | | | 248,670 | |
Total South Africa | | | | | | | | | | | 1,388,064 | |
| |
24 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
South Korea 5.86% | | | | | | | | | | | | |
Banks 1.41% | | | | | | | | | | | | |
KEB Hana Bank† | | 4.375% | | 9/30/2024 | | $ | 200,000 | | | $ | 196,144 | |
Kookmin Bank | | 2.50% | | 11/4/2030 | | | 200,000 | | | | 159,936 | |
Woori Bank† | | 4.75% | | 4/30/2024 | | | 400,000 | | | | 396,445 | |
| | | | | | | | | | | 752,525 | |
Electric 1.96% | | | | | | | | | | | | |
Korea East-West Power Co. Ltd.† | | 3.60% | | 5/6/2025 | | | 200,000 | | | | 193,354 | |
Korea Electric Power Corp. | | 5.50% | | 4/6/2028 | | | 400,000 | | | | 400,555 | |
Korea Hydro & Nuclear Power Co. Ltd.† | | 4.25% | | 7/27/2027 | | | 200,000 | | | | 192,879 | |
Korea Midland Power Co. Ltd. | | 1.25% | | 8/9/2026 | | | 300,000 | | | | 260,854 | |
| | | | | | | | | | | 1,047,642 | |
Energy-Alternate Sources 0.55% | | | | | | | | | | | | |
Hanwha Energy USA Holdings Corp.† | | 4.125% | | 7/5/2025 | | | 300,000 | | | | 293,073 | |
Oil & Gas 0.65% | | | | | | | | | | | | |
Korea National Oil Corp.† | | 2.125% | | 4/18/2027 | | | 400,000 | | | | 349,589 | |
Semiconductors 1.29% | | | | | | | | | | | | |
SK Hynix, Inc.† | | 1.50% | | 1/19/2026 | | | 800,000 | | | | 693,495 | |
Total South Korea | | | | | | | | | | | 3,136,324 | |
| | | | | | | | | | | | |
Supranational 0.57% | | | | | | | | | | | | |
Multi-National | | | | | | | | | | | | |
African Export-Import Bank (The)† | | 2.634% | | 5/17/2026 | | | 350,000 | | | | 305,025 | |
| | | | | | | | | | | | |
Taiwan 1.39% | | | | | | | | | | | | |
Semiconductors | | | | | | | | | | | | |
TSMC Arizona Corp. | | 4.125% | | 4/22/2029 | | | 250,000 | | | | 235,853 | |
TSMC Global Ltd.† | | 1.75% | | 4/23/2028 | | | 200,000 | | | | 166,856 | |
TSMC Global Ltd.† | | 4.375% | | 7/22/2027 | | | 350,000 | | | | 339,190 | |
Total Taiwan | | | | | | | | | | | 741,899 | |
| | | | | | | | | | | | |
Thailand 3.05% | | | | | | | | | | | | |
Banks 1.26% | | | | | | | | | | | | |
Bangkok Bank pcl† | 5.00% (5 Yr. Treasury CMT + 4.73%) | # | – | (b) | | 500,000 | | | | 443,490 | |
Bangkok Bank pcl/Hong Kong† | 3.466% (5 Yr. Treasury CMT + 2.15%) | # | 9/23/2036 | | | 300,000 | | | | 232,570 | |
| | | | | | | | | | | 676,060 | |
Chemicals 0.59% | | | | | | | | | | | | |
GC Treasury Center Co. Ltd.† | | 2.98% | | 3/18/2031 | | | 400,000 | | | | 316,253 | |
| | |
| See Notes to Schedule of Investments. | 25 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Thailand (continued) | | | | | | | | | | | | |
Oil & Gas 1.20% | | | | | | | | | | | | |
PTTEP Treasury Center Co. Ltd.† | | 2.993% | | 1/15/2030 | | $ | 250,000 | | | $ | 212,820 | |
Thaioil Treasury Center Co. Ltd.† | | 2.50% | | 6/18/2030 | | | 400,000 | | | | 313,366 | |
Thaioil Treasury Center Co. Ltd.† | | 3.50% | | 10/17/2049 | | | 200,000 | | | | 115,853 | |
| | | | | | | | | | | 642,039 | |
Total Thailand | | | | | | | | | | | 1,634,352 | |
| | | | | | | | | | | | |
Turkey 5.27% | | | | | | | | | | | | |
Banks 3.88% | | | | | | | | | | | | |
Akbank TAS† | | 5.125% | | 3/31/2025 | | | 400,000 | | | | 357,500 | |
QNB Finansbank AS† | | 6.875% | | 9/7/2024 | | | 200,000 | | | | 199,229 | |
Turkiye Garanti Bankasi AS† | | 5.875% | | 3/16/2023 | | | 700,000 | | | | 698,810 | |
Turkiye Sinai Kalkinma Bankasi AS† | | 5.875% | | 1/14/2026 | | | 200,000 | | | | 171,511 | |
Turkiye Vakiflar Bankasi TAO† | | 6.00% | | 11/1/2022 | | | 650,000 | | | | 648,128 | |
| | | | | | | | | | | 2,075,178 | |
Commercial Services 0.31% | | | | | | | | | | | | |
Limak Iskenderun Uluslararasi Liman Isletmeciligi AS† | | 9.50% | | 7/10/2036 | | | 200,000 | | | | 163,372 | |
Holding Companies-Diversified 0.74% | | | | | | | | | | | | |
KOC Holding AS† | | 5.25% | | 3/15/2023 | | | 400,000 | | | | 397,104 | |
Oil & Gas 0.34% | | | | | | | | | | | | |
Turkiye Petrol Rafinerileri AS† | | 4.50% | | 10/18/2024 | | | 200,000 | | | | 182,761 | |
Total Turkey | | | | | | | | | | | 2,818,415 | |
| | | | | | | | | | | | |
Ukraine 0.20% | | | | | | | | | | | | |
Telecommunications | | | | | | | | | | | | |
VF Ukraine PAT via VFU Funding PLC | | 6.20% | | 2/11/2025 | | | 200,000 | | | | 108,540 | |
| | | | | | | | | | | | |
United Arab Emirates 5.43% | | | | | | | | | | | | |
Banks 1.26% | | | | | | | | | | | | |
ADCB Finance Cayman Ltd.† | | 4.00% | | 3/29/2023 | | | 200,000 | | | | 199,047 | |
Fab Sukuk Co. Ltd. | | 2.50% | | 1/21/2025 | | | 300,000 | | | | 285,736 | |
First Abu Dhabi Bank PJSC | 4.50% (5 Yr. Treasury CMT + 4.14%) | # | – | (b) | | 200,000 | | | | 187,319 | |
| | | | | | | | | | | 672,102 | |
Commercial Services 0.57% | | | | | | | | | | | | |
DP World Ltd./United Arab Emirates† | | 6.85% | | 7/2/2037 | | | 300,000 | | | | 306,635 | |
Electric 1.30% | | | | | | | | | | | | |
Abu Dhabi National Energy Co. PJSC† | | 2.00% | | 4/29/2028 | | | 600,000 | | | | 510,165 | |
Emirates Semb Corp. Water & Power Co. PJSC† | | 4.45% | | 8/1/2035 | | | 200,000 | | | | 185,768 | |
| | | | | | | | | | | 695,933 | |
| |
26 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United Arab Emirates (continued) | | | | | | | | | | | | |
Energy-Alternate Sources 0.30% | | | | | | | | | | | | |
Sweihan PV Power Co. PJSC† | | 3.625% | | 1/31/2049 | | $ | 198,642 | | | $ | 158,251 | |
Investment Companies 0.29% | | | | | | | | | | | | |
MDGH GMTN RSC Ltd.† | | 3.70% | | 11/7/2049 | | | 200,000 | | | | 155,063 | |
Pipelines 1.35% | | | | | | | | | | | | |
Abu Dhabi Crude Oil Pipeline LLC† | | 4.60% | | 11/2/2047 | | | 400,000 | | | | 357,929 | |
Galaxy Pipeline Assets Bidco Ltd.† | | 3.25% | | 9/30/2040 | | | 500,000 | | | | 367,087 | |
| | | | | | | | | | | 725,016 | |
Real Estate 0.36% | | | | | | | | | | | | |
MAF Sukuk Ltd. | | 4.50% | | 11/3/2025 | | | 200,000 | | | | 194,767 | |
Total United Arab Emirates | | | | | | | | | | | 2,907,767 | |
| | | | | | | | | | | | |
United Kingdom 1.26% | | | | | | | | | | | | |
Holding Companies-Diversified 0.35% | | | | | | | | | | | | |
CK Hutchison International 17 Ltd.† | | 3.50% | | 4/5/2027 | | | 200,000 | | | | 188,635 | |
Retail 0.91% | | | | | | | | | | | | |
CK Hutchison International 21 Ltd. | | 2.50% | | 4/15/2031 | | | 600,000 | | | | 486,890 | |
Total United Kingdom | | | | | | | | | | | 675,525 | |
| | | | | | | | | | | | |
United States 0.43% | | | | | | | | | | | | |
Chemicals 0.14% | | | | | | | | | | | | |
CVR Partners LP/CVR Nitrogen Finance Corp.† | | 6.125% | | 6/15/2028 | | | 88,000 | | | | 76,749 | |
Oil & Gas 0.15% | | | | | | | | | | | | |
Callon Petroleum Co. | | 6.375% | | 7/1/2026 | | | 90,000 | | | | 81,265 | |
Pipelines 0.14% | | | | | | | | | | | | |
Cheniere Energy Partners LP | | 4.00% | | 3/1/2031 | | | 88,000 | | | | 73,963 | |
Total United States | | | | | | | | | | | 231,977 | |
| | | | | | | | | | | | |
Vietnam 0.79% | | | | | | | | | | | | |
Electric | | | | | | | | | | | | |
Mong Duong Finance Holdings BV† | | 5.125% | | 5/7/2029 | | | 536,000 | | | | 421,862 | |
| | | | | | | | | | | | |
Zambia 0.92% | | | | | | | | | | | | |
Mining | | | | | | | | | | | | |
First Quantum Minerals Ltd. | | 6.875% | | 3/1/2026 | | | 300,000 | | | | 277,185 | |
First Quantum Minerals Ltd.† | | 7.50% | | 4/1/2025 | | | 220,000 | | | | 212,033 | |
Total Zambia | | | | | | | | | | | 489,218 | |
Total Corporate Bonds (cost $59,487,073) | | | | | | | | | | | 49,451,851 | |
| | |
| See Notes to Schedule of Investments. | 27 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
FLOATING RATE LOANS(e) 0.13% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Metals/Mining (Excluding Steel) | | | | | | | | | | | | |
Peabody Energy Corporation 2018 Term Loan (cost $61,141) | | 5.834% (1 Mo. LIBOR + 2.75%) | | 3/31/2025 | | $ | 75,789 | | | $ | 72,326 | |
| | | | | | | | | | | | |
FOREIGN GOVERNMENT OBLIGATIONS 1.32% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Colombia 0.46% | | | | | | | | | | | | |
Republic of Colombia | | 4.00% | | 2/26/2024 | | | 250,000 | | | | 243,735 | |
| | | | | | | | | | | | |
Ecuador 0.18% | | | | | | | | | | | | |
Ecuador Government International Bond† | | 5.50% | | 7/31/2030 | | | 200,000 | | | | 95,663 | |
| | | | | | | | | | | | |
Morocco 0.37% | | | | | | | | | | | | |
Kingdom of Morocco | | 4.25% | | 12/11/2022 | | | 200,000 | | | | 199,487 | |
| | | | | | | | | | | | |
Turkey 0.31% | | | | | | | | | | | | |
Turkiye Ihracat Kredi Bankasi AS† | | 5.75% | | 7/6/2026 | | | 200,000 | | | | 166,582 | |
| | | | | | | | | | | | |
Total Foreign Government Obligations (cost $813,673) | | | | | | | | | | | 705,467 | |
Total Long-Term Investments (cost $60,932,644) | | | | | | | | | | | 50,761,386 | |
| | | | | | | | | | | | |
SHORT-TERM INVESTMENTS 5.20% | | | | | | | | | | | | |
| | | | | | | | | | | | |
U.S. TREASURY OBLIGATIONS 3.63% | | | | | | | | | | | | |
U.S. Treasury Bill (cost $1,943,888) | | Zero Coupon | | 3/16/2023 | | | 1,978,000 | | | | 1,944,783 | |
| | | | | | | | | | | | |
REPURCHASE AGREEMENTS 1.57% | | | | | | | | | | | | |
Repurchase Agreement dated 9/30/2022, 1.300% due 10/3/2022 with Fixed Income Clearing Corp. collateralized by $872,500 of U.S. Treasury Note at 2.750% due 2/15/2024; value: $857,266; proceeds: $840,472 (cost $840,381) | | | | | | | 840,381 | | | | 840,381 | |
Total Short-Term Investments (cost $2,784,269) | | | | | | | | | | | 2,785,164 | |
Total Investments in Securities 100.05% (cost $63,716,913) | | | | | | | | | | | 53,546,550 | |
Other Assets and Liabilities – Net(f) (0.05)% | | | | | | | | | | | (27,357 | ) |
Net Assets 100.00% | | | | | | | | | | $ | 53,519,193 | |
| | |
EUR | | Euro. |
ADR | | American Depositary Receipt. |
CMT | | Constant Maturity Rate. |
LIBOR | | London Interbank Offered Rate. |
PIK | | Payment-in-kind. |
REITS | | Real Estate Investment Trust. |
| |
28 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
SOFR | | Secured Overnight Financing Rate. |
* | | Non-income producing security. |
† | | 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. At September 30, 2022, the total value of Rule 144A securities was $35,707,836, which represents 66.72% of net assets. |
# | | Variable rate security. The interest rate represents the rate in effect at September 30, 2022. |
(a) | | Defaulted (non-income producing security). |
(b) | | Security is perpetual in nature and has no stated maturity. |
(c) | | Investment in non-U.S. dollar denominated securities. |
(d) | | Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. Security fair valued by the Pricing Committee. |
(e) | | Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the London Interbank Offered Rate (“LIBOR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at September 30, 2022. |
(f) | | Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts and futures contracts as follows: |
Forward Foreign Currency Exchange Contracts at September 30, 2022:
Forward Foreign Currency Exchange Contracts | | Transaction Type | | Counterparty | | Expiration Date | | Foreign Currency | | U.S. $ Cost on Origination Date | | U.S. $ Current Value | | Unrealized Appreciation | |
Euro | | Sell | | State Street Bank and Trust | | 12/12/2022 | | 403,000 | | $405,277 | | $396,971 | | $8,306 | |
| | | | | | | | | | | | | | | |
Forward Foreign Currency Exchange Contracts | | Transaction Type | | Counterparty | | Expiration Date | | Foreign Currency | | U.S. $ Cost on Origination Date | | U.S. $ Current Value | | Unrealized Depreciation | |
Euro | | Buy | | State Street Bank and Trust | | 12/12/2022 | | 179,000 | | $179,539 | | $176,322 | | $(3,217 | ) |
Futures Contracts at September 30, 2022:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | Unrealized Appreciation | |
U.S. 10-Year Treasury Note | | December 2022 | | 9 | | Short | | $ | (1,060,619 | ) | | $ | (1,008,562 | ) | | | $ | 52,057 | |
U.S. 10-Year Ultra Treasury Note | | December 2022 | | 28 | | Short | | | (3,535,474 | ) | | | (3,317,563 | ) | | | | 217,911 | |
U.S. 5-Year Treasury Note | | December 2022 | | 6 | | Short | | | (667,910 | ) | | | (645,047 | ) | | | | 22,863 | |
Total Unrealized Appreciation on Futures Contracts | | | | | | | | | | | | | | $ | 292,831 | |
| | | | | | | | | | | | | | | | | | | |
Type | | Expiration | | Contracts | | Position | | | Notional Amount | | | | Notional Value | | Unrealized Depreciation | |
U.S. 2-Year Treasury Note | | December 2022 | | 36 | | Long | | $ | 7,506,627 | | | $ | 7,394,063 | | | | $ | (112,564 | ) |
U.S. Long Bond | | December 2022 | | 8 | | Long | | | 1,075,203 | | | | 1,011,250 | | | | | (63,953 | ) |
U.S. Ultra Treasury Bond | | December 2022 | | 4 | | Long | | | 584,617 | | | | 548,000 | | | | | (36,617 | ) |
Total Unrealized Depreciation on Futures Contracts | | | | | | | | | | | | | | $ | (213,134 | ) |
| | |
| See Notes to Schedule of Investments. | 29 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND September 30, 2022
The following is a summary of the inputs used as of September 30, 2022 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Long-Term Investments | | | | | | | | | | | | | | | | |
Common Stocks | | $ | 122,016 | | | $ | – | | | $ | – | | | $ | 122,016 | |
Convertible Bonds | | | – | | | | 409,726 | | | | – | | | | 409,726 | |
Corporate Bonds | | | | | | | | | | | | | | | | |
Banks | | | – | | | | – | | | | – | (3) | | | – | |
Remaining Industries | | | – | | | | 49,451,851 | | | | – | | | | 49,451,851 | |
Floating Rate Loans | | | – | | | | 72,326 | | | | – | | | | 72,326 | |
Foreign Government Obligations | | | – | | | | 705,467 | | | | – | | | | 705,467 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
U.S. Treasury Obligations | | | – | | | | 1,944,783 | | | | – | | | | 1,944,783 | |
Repurchase Agreements | | | – | | | | 840,381 | | | | – | | | | 840,381 | |
Total | | $ | 122,016 | | | $ | 53,424,534 | | | $ | – | | | $ | 53,546,550 | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | – | | | $ | 8,306 | | | $ | – | | | $ | 8,306 | |
Liabilities | | | – | | | | (3,217 | ) | | | – | | | | (3,217 | ) |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | | 292,831 | | | | – | | | | – | | | | 292,831 | |
Liabilities | | | (213,134 | ) | | | – | | | | – | | | | (213,134 | ) |
Total | | $ | 79,697 | | | $ | 5,089 | | | $ | – | | | $ | 84,786 | |
| | |
(1) | | Refer to Note 2(b) 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. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
(3) | | Includes securities with zero market value. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets. Management has determined not to provide a reconciliation as the balance of Level 3 investments was not considered to be material to the Fund’s net assets at the beginning or end of the period.
30 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
LONG-TERM INVESTMENTS 94.76% | | | | | | | | | | |
| | | | | | | | | | |
ASSET-BACKED SECURITIES 7.16% | | | | | | | | | | |
| | | | | | | | | | |
Cayman Islands 3.10% | | | | | | | | | | |
Other | | | | | | | | | | |
Arbor Realty Commercial Real Estate Notes Ltd. 2022-FL2 A† | | 4.695% (1 Mo. Term SOFR + 1.85%) | # | 5/15/2037 | | $ | 100,000 | | | $ | 98,478 | |
Venture 33 CLO Ltd. 2018-33A A1LR† | | 3.572% (3 Mo. LIBOR + 1.06%) | # | 7/15/2031 | | | 100,000 | | | | 98,016 | |
VERDE CLO Ltd. 2019-1A AR† | | 3.612% (3 Mo. LIBOR + 1.10%) | # | 4/15/2032 | | | 100,000 | | | | 96,250 | |
Total Cayman Islands | | | | | | | | | | | 292,744 | |
| | | | | | | | | | | | |
United States 4.06% | | | | | | | | | | | | |
Automobiles 1.05% | | | | | | | | | | | | |
Avid Automobile Receivables Trust 2019-1 C† | | 3.14% | | 7/15/2026 | | | 100,000 | | | | 99,309 | |
Credit Card 1.05% | | | | | | | | | | | | |
Perimeter Master Note Business Trust 2019-2A A† | | 4.23% | | 5/15/2024 | | | 100,000 | | | | 99,139 | |
Other 1.96% | | | | | | | | | | | | |
GoodLeap Sustainable Home Solutions Trust 2022-1GS A† | | 2.70% | | 1/20/2049 | | | 74,477 | | | | 62,916 | |
ME Funding LLC 2019-1 A2† | | 6.448% | | 7/30/2049 | | | 48,625 | | | | 47,786 | |
Sunrun Demeter Issuer 2021-2A A† | | 2.27% | | 1/30/2057 | | | 96,461 | | | | 74,550 | |
| | | | | | | | | | | 185,252 | |
Total United States | | | | | | | | | | | 383,700 | |
Total Asset-Backed Securities (cost $722,594) | | | | | | | | | | | 676,444 | |
| | | | | | | | | | | | |
CONVERTIBLE BONDS 0.27% | | | | | | | | | | | | |
| | | | | | | | | | | | |
United States | | | | | | | | | | | | |
Energy-Alternate Sources | | | | | | | | | | | | |
Enphase Energy, Inc. | | Zero Coupon | | 3/1/2026 | | | 9,000 | | | | 10,431 | |
SolarEdge Technologies, Inc. | | Zero Coupon | | 9/15/2025 | | | 7,000 | | | | 7,655 | |
Sunrun, Inc. | | Zero Coupon | | 2/1/2026 | | | 11,000 | | | | 7,859 | |
Total Convertible Bonds (cost $29,145) | | | | | | | | | | | 25,945 | |
| | | | | | | | | | | | |
CORPORATE BONDS 49.74% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Australia 0.53% | | | | | | | | | | | | |
Mining | | | | | | | | | | | | |
FMG Resources August 2006 Pty Ltd.† | | 4.50% | | 9/15/2027 | | | 11,000 | | | | 9,696 | |
Glencore Funding LLC† | | 2.85% | | 4/27/2031 | | | 19,000 | | | | 14,726 | |
Glencore Funding LLC† | | 4.875% | | 3/12/2029 | | | 28,000 | | | | 25,871 | |
Total Australia | | | | | | | | | | | 50,293 | |
| See Notes to Schedule of Investments. | 31 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Bermuda 0.95% | | | | | | | | | | |
Insurance | | | | | | | | | | | | |
PartnerRe Ireland Finance DAC(a) | | 1.25% | | 9/15/2026 | | EUR | 100,000 | | | $ | 89,274 | |
| | | | | | | | | | | | |
Brazil 0.05% | | | | | | | | | | | | |
Forest Products & Paper | | | | | | | | | | | | |
Suzano Austria GmbH | | 3.125% | | 1/15/2032 | | $ | 6,000 | | | | 4,327 | |
| | | | | | | | | | | | |
Canada 0.17% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
Toronto-Dominion Bank (The) | | 4.456% | | 6/8/2032 | | | 18,000 | | | | 16,460 | |
| | | | | | | | | | | | |
Colombia 0.22% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Ecopetrol SA | | 4.625% | | 11/2/2031 | | | 30,000 | | | | 21,044 | |
| | | | | | | | | | | | |
France 2.69% | | | | | | | | | | | | |
Distribution/Wholesale 0.80% | | | | | | | | | | | | |
Rexel SA(a) | | 2.125% | | 12/15/2028 | | EUR | 100,000 | | | | 75,300 | |
Transportation 0.95% | | | | | | | | | | | | |
Getlink SE(a) | | 3.50% | | 10/30/2025 | | EUR | 100,000 | | | | 89,680 | |
Water 0.94% | | | | | | | | | | | | |
Suez SACA(a) | | 1.875% | | 5/24/2027 | | EUR | 100,000 | | | | 89,041 | |
Total France | | | | | | | | | | | 254,021 | |
| | | | | | | | | | | | |
Germany 2.38% | | | | | | | | | | | | |
Banks 0.74% | | | | | | | | | | | | |
Kreditanstalt fuer Wiederaufbau | | 0.375% | | 7/18/2025 | | $ | 78,000 | | | | 69,912 | |
Building Materials 0.84% | | | | | | | | | | | | |
PCF GmbH†(a) | | 4.75% | | 4/15/2026 | | EUR | 100,000 | | | | 79,364 | |
Transportation 0.80% | | | | | | | | | | | | |
Hamburger Hochbahn AG(a) | | 0.125% | | 2/24/2031 | | EUR | 100,000 | | | | 75,707 | |
Total Germany | | | | | | | | | | | 224,983 | |
| | | | | | | | | | | | |
Guatemala 0.18% | | | | | | | | | | | | |
Beverages | | | | | | | | | | | | |
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL† | | 5.25% | | 4/27/2029 | | $ | 20,000 | | | | 17,377 | |
| | | | | | | | | | | | |
Mexico 0.20% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Petroleos Mexicanos | | 6.70% | | 2/16/2032 | | | 27,000 | | | | 18,985 | |
32 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Netherlands 0.73% | | | | | | | | | | | | |
Internet | | | | | | | | | | | | |
United Group B.V.†(a) | | 5.25% | | 2/1/2030 | | EUR | 100,000 | | | $ | 68,950 | |
| | | | | | | | | | | | |
Portugal 0.82% | | | | | | | | | | | | |
Electric | | | | | | | | | | | | |
Ren Finance BV(a) | | 0.50% | | 4/16/2029 | | EUR | 100,000 | | | | 77,029 | |
| | | | | | | | | | | | |
Russia 0.53% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Gazprom PJSC via Gaz Finance plc(a) | | 1.50% | | 2/17/2027 | | EUR | 100,000 | | | | 49,983 | |
| | | | | | | | | | | | |
Spain 2.62% | | | | | | | | | | | | |
Engineering & Construction 0.78% | | | | | | | | | | | | |
Cellnex Telecom SA(a) | | 1.875% | | 6/26/2029 | | EUR | 100,000 | | | | 74,146 | |
Pharmaceuticals 0.93% | | | | | | | | | | | | |
Almirall SA(a) | | 2.125% | | 9/30/2026 | | EUR | 100,000 | | | | 87,944 | |
Telecommunications 0.91% | | | | | | | | | | | | |
Lorca Telecom Bondco SA†(a) | | 4.00% | | 9/18/2027 | | EUR | 100,000 | | | | 85,549 | |
Total Spain | | | | | | | | | | | 247,639 | |
| | | | | | | | | | | | |
Supranational 6.58% | | | | | | | | | | | | |
Multi-National 6.11% | | | | | | | | | | | | |
Asian Development Bank | | 3.097% (SOFR Index + 1.00%) | # | 4/6/2027 | | $ | 130,000 | | | | 133,277 | |
European Investment Bank | | 2.125% | | 4/13/2026 | | | 100,000 | | | | 92,907 | |
European Investment Bank | | 2.375% | | 5/24/2027 | | | 50,000 | | | | 46,275 | |
Inter-American Development Bank | | 2.801% (SOFR Index + 0.20%) | # | 2/10/2026 | | | 80,000 | | | | 79,846 | |
Inter-American Investment Corp. | | 2.625% | | 4/22/2025 | | | 32,000 | | | | 30,589 | |
International Bank for Reconstruction & Development(a) | | 0.25% | | 1/29/2029 | | SEK | 260,000 | | | | 19,183 | |
International Bank for Reconstruction & Development | | 2.98% (SOFR Index + 0.29%) | # | 11/22/2028 | | $ | 40,000 | | | | 39,647 | |
International Finance Corp.(a) | | 0.375% | | 9/10/2025 | | NZD | 65,000 | | | | 31,965 | |
International Finance Corp. | | 3.063% (SOFR Index + 0.09%) | # | 6/30/2023 | | $ | 65,000 | | | | 64,978 | |
Nordic Investment Bank(a) | | 0.125% | | 6/10/2024 | | EUR | 41,000 | | | | 38,571 | |
| | | | | | | | | | | 577,238 | |
Sovereign 0.47% | | | | | | | | | | | | |
European Union(a) | | 0.25% | | 10/22/2026 | | EUR | 50,000 | | | | 44,652 | |
Total Supranational | | | | | | | | | | | 621,890 | |
| See Notes to Schedule of Investments. | 33 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United Arab Emirates 1.56% | | | | | | | | | | | | |
Pipelines | | | | | | | | | | | | |
Galaxy Pipeline Assets Bidco Ltd.† | | 1.75% | | 9/30/2027 | | $ | 162,398 | | | $ | 147,836 | |
| | | | | | | | | | | | |
United Kingdom 2.74% | | | | | | | | | | | | |
Chemicals 0.77% | | | | | | | | | | | | |
Linde Finance BV(a) | | 0.55% | | 5/19/2032 | | EUR | 100,000 | | | | 72,898 | |
Entertainment 1.02% | | | | | | | | | | | | |
Pinewood Finance Co. Ltd.(a) | | 3.25% | | 9/30/2025 | | GBP | 100,000 | | | | 96,023 | |
Retail 0.95% | | | | | | | | | | | | |
Punch Finance plc†(a) | | 6.125% | | 6/30/2026 | | GBP | 100,000 | | | | 90,145 | |
Total United Kingdom | | | | | | | | | | | 259,066 | |
| | | | | | | | | | | | |
United States 26.79% | | | | | | | | | | | | |
Aerospace/Defense 0.13% | | | | | | | | | | | | |
TransDigm, Inc. | | 4.625% | | 1/15/2029 | | $ | 15,000 | | | | 12,113 | |
Agriculture 0.26% | | | | | | | | | | | | |
Cargill, Inc. † | | 4.00% | | 6/22/2032 | | | 27,000 | | | | 24,622 | |
Airlines 0.23% | | | | | | | | | | | | |
American Airlines Group, Inc.† | | 3.75% | | 3/1/2025 | | | 15,000 | | | | 12,285 | |
United Airlines, Inc.† | | 4.375% | | 4/15/2026 | | | 11,000 | | | | 9,836 | |
| | | | | | | | | | | 22,121 | |
Auto Manufacturers 0.32% | | | | | | | | | | | | |
Ford Motor Co. | | 3.25% | | 2/12/2032 | | | 42,000 | | | | 30,326 | |
Banks 4.81% | | | | | | | | | | | | |
Bank of America Corp. | | 2.687% (SOFR + 1.32%) | # | 4/22/2032 | | | 92,000 | | | | 71,934 | |
Bank of America Corp. | | 3.97% (3 Mo. LIBOR + 1.07%) | # | 3/5/2029 | | | 25,000 | | | | 22,652 | |
Bank of New York Mellon Corp. (The) | | 4.596% (SOFR + 1.76%) | # | 7/26/2030 | | | 23,000 | | | | 21,824 | |
Citigroup, Inc. | | 2.561% (SOFR + 1.17%) | # | 5/1/2032 | | | 50,000 | | | | 38,447 | |
Citigroup, Inc. | | 4.14% (SOFR + 1.37%) | # | 5/24/2025 | | | 10,000 | | | | 9,782 | |
Goldman Sachs Group, Inc. (The) | | 0.627% (SOFR + 0.54%) | # | 11/17/2023 | | | 42,000 | | | | 41,749 | |
Goldman Sachs Group, Inc. (The) | | 2.383% (SOFR + 1.25%) | # | 7/21/2032 | | | 25,000 | | | | 18,879 | |
Goldman Sachs Group, Inc. (The) | | 2.615% (SOFR + 1.28%) | # | 4/22/2032 | | | 18,000 | | | | 13,973 | |
JPMorgan Chase & Co. | | 2.58% (SOFR + 1.25%) | # | 4/22/2032 | | | 76,000 | | | | 58,991 | |
34 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Banks (continued) | | | | | | | | | | | | |
JPMorgan Chase & Co. | | 2.963% (SOFR + 1.26%) | # | 1/25/2033 | | $ | 25,000 | | | $ | 19,682 | |
Morgan Stanley | | 2.239% (SOFR + 1.18%) | # | 7/21/2032 | | | 26,000 | | | | 19,558 | |
Morgan Stanley | | 2.484% (SOFR + 1.36%) | # | 9/16/2036 | | | 44,000 | | | | 31,594 | |
Morgan Stanley | | 4.431% (3 Mo. LIBOR + 1.63%) | # | 1/23/2030 | | | 25,000 | | | | 23,014 | |
Popular, Inc. | | 6.125% | | 9/14/2023 | | | 7,000 | | | | 6,965 | |
US Bancorp | | 4.967% (SOFR + 2.11%) | # | 7/22/2033 | | | 38,000 | | | | 35,537 | |
Wells Fargo & Co. | | 3.35% (SOFR + 1.50%) | # | 3/2/2033 | | | 25,000 | | | | 20,307 | |
| | | | | | | | | | | 454,888 | |
Beverages 0.99% | | | | | | | | | | | | |
Molson Coors Beverage Co.(a) | | 1.25% | | 7/15/2024 | | EUR | 100,000 | | | | 93,701 | |
Building Materials 0.21% | | | | | | | | | | | | |
Eco Material Technologies, Inc.† | | 7.875% | | 1/31/2027 | | $ | 12,000 | | | | 10,649 | |
Standard Industries, Inc.† | | 4.375% | | 7/15/2030 | | | 12,000 | | | | 9,209 | |
| | | | | | | | | | | 19,858 | |
Chemicals 0.20% | | | | | | | | | | | | |
Ashland LLC | | 6.875% | | 5/15/2043 | | | 10,000 | | | | 9,605 | |
CVR Partners LP/CVR Nitrogen Finance Corp.† | | 6.125% | | 6/15/2028 | | | 11,000 | | | | 9,594 | |
| | | | | | | | | | | 19,199 | |
Coal 0.10% | | | | | | | | | | | | |
SunCoke Energy, Inc.† | | 4.875% | | 6/30/2029 | | | 12,000 | | | | 9,280 | |
Commercial Services 0.47% | | | | | | | | | | | | |
Ahern Rentals, Inc.† | | 7.375% | | 5/15/2023 | | | 13,000 | | | | 8,822 | |
Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc.† | | 5.00% | | 2/1/2026 | | | 12,000 | | | | 10,338 | |
Service Corp. International | | 3.375% | | 8/15/2030 | | | 12,000 | | | | 9,402 | |
United Rentals North America, Inc. | | 4.00% | | 7/15/2030 | | | 11,000 | | | | 9,103 | |
ZipRecruiter, Inc.† | | 5.00% | | 1/15/2030 | | | 8,000 | | | | 6,476 | |
| | | | | | | | | | | 44,141 | |
Computers 0.39% | | | | | | | | | | | | |
Booz Allen Hamilton, Inc.† | | 3.875% | | 9/1/2028 | | | 12,000 | | | | 10,347 | |
Condor Merger Sub, Inc.† | | 7.375% | | 2/15/2030 | | | 12,000 | | | | 9,834 | |
Dell International LLC/EMC Corp.† | | 3.375% | | 12/15/2041 | | | 18,000 | | | | 11,170 | |
Dell International LLC/EMC Corp. | | 8.35% | | 7/15/2046 | | | 5,000 | | | | 5,407 | |
| | | | | | | | | | | 36,758 | |
| See Notes to Schedule of Investments. | 35 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Diversified Financial Services 1.70% | | | | | | | | | | | | |
AG Issuer LLC† | | 6.25% | | 3/1/2028 | | $ | 14,000 | | | $ | 12,131 | |
Aircastle Ltd.† | | 2.85% | | 1/26/2028 | | | 20,000 | | | | 15,555 | |
Ally Financial, Inc. | | 8.00% | | 11/1/2031 | | | 25,000 | | | | 26,247 | |
American Express Co. | | 4.42% (SOFR + 1.76%) | # | 8/3/2033 | | | 34,000 | | | | 30,952 | |
Coinbase Global, Inc.† | | 3.375% | | 10/1/2028 | | | 13,000 | | | | 8,157 | |
Intercontinental Exchange, Inc. | | 4.00% | | 9/15/2027 | | | 57,000 | | | | 54,166 | |
Navient Corp. | | 5.00% | | 3/15/2027 | | | 5,000 | | | | 4,096 | |
Navient Corp. | | 6.75% | | 6/25/2025 | | | 10,000 | | | | 9,376 | |
| | | | | | | | | | | 160,680 | |
Electric 2.22% | | | | | | | | | | | | |
AEP Transmission Co. LLC | | 4.50% | | 6/15/2052 | | | 11,000 | | | | 9,374 | |
Baltimore Gas & Electric Co. | | 4.55% | | 6/1/2052 | | | 25,000 | | | | 21,529 | |
Calpine Corp.† | | 5.125% | | 3/15/2028 | | | 11,000 | | | | 9,470 | |
Constellation Energy Generation LLC | | 6.25% | | 10/1/2039 | | | 18,000 | | | | 17,639 | |
Duke Energy Corp. | | 4.50% | | 8/15/2032 | | | 19,000 | | | | 17,208 | |
FirstEnergy Corp. | | 4.40% | | 7/15/2027 | | | 18,000 | | | | 16,742 | |
IPALCO Enterprises, Inc. | | 4.25% | | 5/1/2030 | | | 25,000 | | | | 21,729 | |
Leeward Renewable Energy Operations LLC† | | 4.25% | | 7/1/2029 | | | 23,000 | | | | 18,565 | |
NextEra Energy Capital Holdings, Inc. | | 5.00% | | 7/15/2032 | | | 29,000 | | | | 27,729 | |
Southern Co. (The) | | 4.475% | | 8/1/2024 | | | 42,000 | | | | 41,507 | |
Vistra Operations Co. LLC† | | 4.375% | | 5/1/2029 | | | 10,000 | | | | 8,340 | |
| | | | | | | | | | | 209,832 | |
Electrical Components & Equipment 1.02% | | | | | | | | | | | | |
Schneider Electric SE(a) | | 1.841% | | 10/13/2025 | | EUR | 100,000 | | | | 96,232 | |
Electronics 0.10% | | | | | | | | | | | | |
Atkore, Inc.† | | 4.25% | | 6/1/2031 | | $ | 12,000 | | | | 9,613 | |
Energy-Alternate Sources 0.17% | | | | | | | | | | | | |
Sunnova Energy Corp.† | | 5.875% | | 9/1/2026 | | | 11,000 | | | | 9,843 | |
TerraForm Power Operating LLC† | | 4.75% | | 1/15/2030 | | | 7,000 | | | | 5,956 | |
| | | | | | | | | | | 15,799 | |
Engineering & Construction 0.12% | | | | | | | | | | | | |
Weekley Homes LLC/Weekley Finance Corp.† | | 4.875% | | 9/15/2028 | | | 14,000 | | | | 11,334 | |
Entertainment 0.53% | | | | | | | | | | | | |
Jacobs Entertainment, Inc.† | | 6.75% | | 2/15/2029 | | | 11,000 | | | | 9,426 | |
Live Nation Entertainment, Inc.† | | 4.75% | | 10/15/2027 | | | 12,000 | | | | 10,443 | |
Mohegan Gaming & Entertainment† | | 8.00% | | 2/1/2026 | | | 12,000 | | | | 10,033 | |
36 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Entertainment (continued) | | | | | | | | | | | | |
Penn Entertainment, Inc.† | | 5.625% | | 1/15/2027 | | $ | 11,000 | | | $ | 9,747 | |
WMG Acquisition Corp.† | | 3.75% | | 12/1/2029 | | | 12,000 | | | | 9,986 | |
| | | | | | | | | | | 49,635 | |
Environmental Control 0.09% | | | | | | | | | | | | |
Madison IAQ LLC† | | 5.875% | | 6/30/2029 | | | 12,000 | | | | 8,379 | |
Food 0.86% | | | | | | | | | | | | |
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC† | | 3.50% | | 3/15/2029 | | | 12,000 | | | | 9,698 | |
Mondelez International Holdings Netherlands BV(a) | | 0.625% | | 9/9/2032 | | EUR | 100,000 | | | | 71,497 | |
| | | | | | | | | | | 81,195 | |
Forest Products & Paper 0.11% | | | | | | | | | | | | |
Sylvamo Corp.† | | 7.00% | | 9/1/2029 | | $ | 12,000 | | | | 10,267 | |
Gas 0.55% | | | | | | | | | | | | |
CenterPoint Energy Resources Corp. | | 4.40% | | 7/1/2032 | | | 25,000 | | | | 23,285 | |
Southwest Gas Corp. | | 4.05% | | 3/15/2032 | | | 34,000 | | | | 28,605 | |
| | | | | | | | | | | 51,890 | |
Health Care-Products 0.10% | | | | | | | | | | | | |
Medline Borrower LP† | | 3.875% | | 4/1/2029 | | | 12,000 | | | | 9,640 | |
Health Care-Services 1.15% | | | | | | | | | | | | |
Centene Corp. | | 3.375% | | 2/15/2030 | | | 38,000 | | | | 31,148 | |
Centene Corp. | | 4.25% | | 12/15/2027 | | | 15,000 | | | | 13,752 | |
Charles River Laboratories International, Inc.† | | 4.00% | | 3/15/2031 | | | 12,000 | | | | 9,692 | |
Elevance Health, Inc. | | 2.25% | | 5/15/2030 | | | 8,000 | | | | 6,465 | |
Elevance Health, Inc. | | 2.875% | | 9/15/2029 | | | 27,000 | | | | 23,091 | |
ModivCare Escrow Issuer, Inc.† | | 5.00% | | 10/1/2029 | | | 12,000 | | | | 9,774 | |
Molina Healthcare, Inc.† | | 3.875% | | 11/15/2030 | | | 17,000 | | | | 14,291 | |
| | | | | | | | | | | 108,213 | |
Insurance 0.10% | | | | | | | | | | | | |
Assurant, Inc. | | 2.65% | | 1/15/2032 | | | 13,000 | | | | 9,593 | |
Internet 0.39% | | | | | | | | | | | | |
Go Daddy Operating Co. LLC/GD Finance Co., Inc.† | | 3.50% | | 3/1/2029 | | | 12,000 | | | | 9,844 | |
Netflix, Inc. | | 5.875% | | 2/15/2025 | | | 15,000 | | | | 15,008 | |
Netflix, Inc. | | 5.875% | | 11/15/2028 | | | 12,000 | | | | 11,739 | |
| | | | | | | | | | | 36,591 | |
Iron-Steel 0.10% | | | | | | | | | | | | |
United States Steel Corp. | | 6.65% | | 6/1/2037 | | | 12,000 | | | | 9,870 | |
Leisure Time 0.12% | | | | | | | | | | | | |
Life Time, Inc.† | | 5.75% | | 1/15/2026 | | | 12,000 | | | | 10,938 | |
| See Notes to Schedule of Investments. | 37 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Lodging 0.22% | | | | | | | | | | | | |
Wyndham Hotels & Resorts, Inc.† | | 4.375% | | 8/15/2028 | | $ | 12,000 | | | $ | 10,566 | |
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.† | | 5.25% | | 5/15/2027 | | | 12,000 | | | | 10,589 | |
| | | | | | | | | | | 21,155 | |
Media 1.60% | | | | | | | | | | | | |
AMC Networks, Inc. | | 4.25% | | 2/15/2029 | | | 12,000 | | | | 8,900 | |
CCO Holdings LLC/CCO Holdings Capital Corp.† | | 4.75% | | 3/1/2030 | | | 22,000 | | | | 17,902 | |
Charter Communications Operating LLC/Charter Communications Operating Capital | | 6.484% | | 10/23/2045 | | | 29,000 | | | | 25,634 | |
Comcast Corp.(a) | | 1.50% | | 2/20/2029 | | GBP | 100,000 | | | | 85,826 | |
FactSet Research Systems, Inc. | | 3.45% | | 3/1/2032 | | $ | 16,000 | | | | 13,062 | |
| | | | | | | | | | | 151,324 | |
Metal Fabricate-Hardware 0.12% | | | | | | | | | | | | |
Advanced Drainage Systems, Inc.† | | 6.375% | | 6/15/2030 | | | 12,000 | | | | 11,655 | |
Oil & Gas 3.39% | | | | | | | | | | | | |
Aethon United BR LP/Aethon United Finance Corp.† | | 8.25% | | 2/15/2026 | | | 11,000 | | | | 10,644 | |
Callon Petroleum Co.† | | 8.00% | | 8/1/2028 | | | 11,000 | | | | 10,169 | |
Civitas Resources, Inc.† | | 5.00% | | 10/15/2026 | | | 17,000 | | | | 15,461 | |
Colgate Energy Partners III LLC† | | 7.75% | | 2/15/2026 | | | 11,000 | | | | 10,822 | |
Comstock Resources, Inc.† | | 6.75% | | 3/1/2029 | | | 12,000 | | | | 11,096 | |
Continental Resources, Inc.† | | 5.75% | | 1/15/2031 | | | 47,000 | | | | 42,587 | |
Diamondback Energy, Inc. | | 3.125% | | 3/24/2031 | | | 26,000 | | | | 21,128 | |
Earthstone Energy Holdings LLC† | | 8.00% | | 4/15/2027 | | | 10,000 | | | | 9,445 | |
EQT Corp.† | | 3.625% | | 5/15/2031 | | | 6,000 | | | | 5,011 | |
EQT Corp. | | 5.00% | | 1/15/2029 | | | 15,000 | | | | 14,026 | |
EQT Corp. | | 7.00% | | 2/1/2030 | | | 32,000 | | | | 33,099 | |
Gulfport Energy Corp.† | | 8.00% | | 5/17/2026 | | | 11,510 | | | | 11,469 | |
Hilcorp Energy I LP/Hilcorp Finance Co.† | | 6.00% | | 2/1/2031 | | | 17,000 | | | | 14,792 | |
Laredo Petroleum, Inc. | | 9.50% | | 1/15/2025 | | | 10,000 | | | | 9,927 | |
Nabors Industries Ltd.† | | 7.25% | | 1/15/2026 | | | 14,000 | | | | 12,209 | |
Occidental Petroleum Corp. | | 6.125% | | 1/1/2031 | | | 16,000 | | | | 15,799 | |
Ovintiv, Inc. | | 6.50% | | 2/1/2038 | | | 21,000 | | | | 20,439 | |
Permian Resources Operating LLC† | | 5.375% | | 1/15/2026 | | | 15,000 | | | | 13,742 | |
Range Resources Corp. | | 8.25% | | 1/15/2029 | | | 13,000 | | | | 13,255 | |
SM Energy Co. | | 6.75% | | 9/15/2026 | | | 10,000 | | | | 9,640 | |
Southwestern Energy Co. | | 5.375% | | 2/1/2029 | | | 17,000 | | | | 15,452 | |
| | | | | | | | | | | 320,212 | |
38 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Oil & Gas Services 0.20% | | | | | | | | | | | | |
Oceaneering International, Inc. | | 6.00% | | 2/1/2028 | | $ | 11,000 | | | $ | 8,740 | |
Weatherford International Ltd.† | | 8.625% | | 4/30/2030 | | | 12,000 | | | | 10,478 | |
| | | | | | | | | | | 19,218 | |
Packaging & Containers 1.04% | | | | | | | | | | | | |
Ball Corp. | | 2.875% | | 8/15/2030 | | | 13,000 | | | | 10,005 | |
OI European Group BV(a) | | 2.875% | | 2/15/2025 | | EUR | 100,000 | | | | 88,266 | |
| | | | | | | | | | | 98,271 | |
Pharmaceuticals 0.59% | | | | | | | | | | | | |
CVS Health Corp. | | 3.25% | | 8/15/2029 | | $ | 38,000 | | | | 33,289 | |
Option Care Health, Inc.† | | 4.375% | | 10/31/2029 | | | 12,000 | | | | 10,163 | |
Owens & Minor, Inc.† | | 6.625% | | 4/1/2030 | | | 14,000 | | | | 12,355 | |
| | | | | | | | | | | 55,807 | |
Pipelines 0.40% | | | | | | | | | | | | |
Buckeye Partners LP | | 6.375% (3 Mo. LIBOR + 4.02%) | # | 1/22/2078 | | | 12,000 | | | | 9,716 | |
NGPL PipeCo LLC† | | 3.25% | | 7/15/2031 | | | 24,000 | | | | 18,826 | |
Venture Global Calcasieu Pass LLC† | | 4.125% | | 8/15/2031 | | | 11,000 | | | | 9,148 | |
| | | | | | | | | | | 37,690 | |
REITS 0.31% | | | | | | | | | | | | |
Crown Castle, Inc. | | 3.30% | | 7/1/2030 | | | 29,000 | | | | 24,322 | |
GLP Capital LP/GLP Financing II, Inc. | | 5.75% | | 6/1/2028 | | | 5,000 | | | | 4,693 | |
| | | | | | | | | | | 29,015 | |
Retail 0.29% | | | | | | | | | | | | |
BCPE Ulysses Intermediate, Inc. PIK 8.50%† | | 7.75% | | 4/1/2027 | | | 15,000 | | | | 10,236 | |
Murphy Oil USA, Inc. | | 4.75% | | 9/15/2029 | | | 11,000 | | | | 9,759 | |
Party City Holdings, Inc.† | | 8.75% | | 2/15/2026 | | | 12,000 | | | | 6,976 | |
| | | | | | | | | | | 26,971 | |
Semiconductors 0.29% | | | | | | | | | | | | |
Advanced Micro Devices, Inc. | | 3.924% | | 6/1/2032 | | | 20,000 | | | | 18,159 | |
Entegris, Inc.† | | 3.625% | | 5/1/2029 | | | 12,000 | | | | 9,517 | |
| | | | | | | | | | | 27,676 | |
Software 0.50% | | | | | | | | | | | | |
MSCI, Inc.† | | 3.625% | | 11/1/2031 | | | 12,000 | | | | 9,643 | |
Oracle Corp. | | 2.875% | | 3/25/2031 | | | 18,000 | | | | 14,217 | |
ROBLOX Corp.† | | 3.875% | | 5/1/2030 | | | 12,000 | | | | 9,790 | |
Twilio, Inc. | | 3.625% | | 3/15/2029 | | | 8,000 | | | | 6,472 | |
Twilio, Inc. | | 3.875% | | 3/15/2031 | | | 9,000 | | | | 7,083 | |
| | | | | | | | | | | 47,205 | |
| See Notes to Schedule of Investments. | 39 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Telecommunications 0.30% | | | | | | | | | | | | |
Frontier Communications Holdings LLC† | | 5.00% | | 5/1/2028 | | $ | 15,000 | | | $ | 12,898 | |
Sprint Capital Corp. | | 6.875% | | 11/15/2028 | | | 15,000 | | | | 15,439 | |
| | | | | | | | | | | 28,337 | |
Total United States | | | | | | | | | | | 2,531,244 | |
Total Corporate Bonds (cost $5,695,835) | | | | | | | | | | | 4,700,401 | |
| | | | | | | | | | | | |
FLOATING RATE LOANS(b) 2.30% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Aerospace/Defense 0.27% | | | | | | | | | | | | |
Cobham Ultra SeniorCo S.a.r.l USD Term Loan B | | 7.063% (6 Mo. LIBOR + 3.75%) | | 8/3/2029 | | | 16,686 | | | | 16,032 | |
Vertex Aerospace Services Corp. 2021 First Lien Term Loan | | 6.865% (1 Mo. LIBOR + 3.75%) | | 12/6/2028 | | | 9,935 | | | | 9,687 | |
Total | | | | | | | | | | | 25,719 | |
| | | | | | | | | | | | |
Commercial Services 0.20% | | | | | | | | | | | | |
Element Materials Technology Group US Holdings, Inc. 2022 USD Delayed Draw Term Loan(c) | | – | (d) | 7/6/2029 | | | 2,687 | | | | 2,536 | |
Element Materials Technology Group US Holdings, Inc. 2022 USD Term Loan | | – | (d) | 7/6/2029 | | | 5,821 | | | | 5,493 | |
R1 RCM, Inc. 2022 Term Loan B | | 6.034% (1 Mo. SOFR + 3.00%) | | 6/21/2029 | | | 10,791 | | | | 10,654 | |
Total | | | | | | | | | | | 18,683 | |
| | | | | | | | | | | | |
Computers 0.20% | | | | | | | | | | | | |
Imprivata, Inc. Term Loan | | 6.865% (1 Mo. LIBOR + 3.75%) | | 12/1/2027 | | | 9,287 | | | | 8,985 | |
Peraton Corp. 2nd Lien Term Loan B1 | | 10.568% (1 Mo. LIBOR + 7.75%) | | 2/1/2029 | | | 10,000 | | | | 9,513 | |
Total | | | | | | | | | | | 18,498 | |
| | | | | | | | | | | | |
Diversified Financial Services 0.11% | | | | | | | | | | | | |
Minotaur Acquisition, Inc. Term Loan B | | 8.134% (1 Mo. SOFR + 5.00%) | | 3/27/2026 | | | 10,672 | | | | 10,166 | |
| | | | | | | | | | | | |
Electric 0.21% | | | | | | | | | | | | |
Calpine Corporation 2020 Term Loan B5 | | 5.62% (1 Mo. LIBOR + 2.50%) | | 12/16/2027 | | | 10,944 | | | | 10,604 | |
Edgewater Generation, L.L.C. Term Loan | | 6.865% (1 Mo. LIBOR + 3.75%) | | 12/13/2025 | | | 10,358 | | | | 9,141 | |
Total | | | | | | | | | | | 19,745 | |
40 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Health Care Services 0.18% | | | | | | | | | | | | |
Wellpath Holdings, Inc. 2018 1st Lien Term Loan | | 8.615% (1 Mo. LIBOR + 5.50%) | | 10/1/2025 | | $ | 18,170 | | | $ | 16,880 | |
| | | | | | | | | | | | |
Home Furnishings 0.11% | | | | | | | | | | | | |
AI Aqua Merger Sub, Inc. 2021 1st Lien Term Loan B | | – | (d) | 7/31/2028 | | | 10,973 | | | | 10,222 | |
| | | | | | | | | | | | |
Media 0.10% | | | | | | | | | | | | |
Gray Television, Inc. 2021 Term Loan D | | 5.564% (1 Mo. LIBOR + 3.00%) | | 12/1/2028 | | | 10,185 | | | | 9,917 | |
| | | | | | | | | | | | |
Oil & Gas 0.22% | | | | | | | | | | | | |
Parkway Generation, LLC Term Loan B | | 7.865% (1 Mo. LIBOR + 4.75%) | | 2/18/2029 | | | 9,601 | | | | 9,409 | |
Parkway Generation, LLC Term Loan C | | 7.865% (1 Mo. LIBOR + 4.75%) | | 2/18/2029 | | | 1,351 | | | | 1,324 | |
Southwestern Energy Company 2021 Term Loan | | 6.203% (3 Mo. SOFR + 2.50%) | | 6/22/2027 | | | 10,155 | | | | 10,035 | |
Total | | | | | | | | | | | 20,768 | |
| | | | | | | | | | | | |
Pharmaceuticals 0.27% | | | | | | | | | | | | |
Jazz Financing Lux S.a.r.l. USD Term Loan (Luxembourg)(e) | | 6.615% (1 Mo. LIBOR + 3.50%) | | 5/5/2028 | | | 15,218 | | | | 14,739 | |
Option Care Health, Inc. 2021 Term Loan B | | 5.865% (1 Mo. LIBOR + 2.75%) | | 10/27/2028 | | | 10,688 | | | | 10,474 | |
Total | | | | | | | | | | | 25,213 | |
| | | | | | | | | | | | |
Pipelines 0.16% | | | | | | | | | | | | |
AL NGPL Holdings, LLC Term Loan B | | 6.098% (3 Mo. LIBOR + 3.75%) | | 4/14/2028 | | | 15,755 | | | | 15,528 | |
| | | | | | | | | | | | |
Retail 0.06% | | | | | | | | | | | | |
Evergreen Acqco 1 LP 2021 USD Term Loan | | – | (d) | 4/26/2028 | | | 5,896 | | | | 5,690 | |
| | | | | | | | | | | | |
Software 0.21% | | | | | | | | | | | | |
ECL Entertainment, LLC Term Loan | | 10.615% (1 Mo. LIBOR + 7.50%) | | 5/1/2028 | | | 10,917 | | | | 10,835 | |
Playtika Holding Corp 2021 Term Loan | | 5.865% (1 Mo. LIBOR + 2.75%) | | 3/13/2028 | | | 9,476 | | | | 9,101 | |
Total | | | | | | | | | | | 19,936 | |
Total Floating Rate Loans (cost $222,123) | | | | | | | | | | | 216,965 | |
| See Notes to Schedule of Investments. | 41 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
FOREIGN GOVERNMENT OBLIGATIONS 16.99% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Australia 0.93% | | | | | | | | | | | | |
Australia Government Bond(a) | | 3.00% | | 3/21/2047 | | AUD | 19,000 | | | $ | 10,063 | |
Queensland Treasury Corp.†(a) | | 1.50% | | 3/2/2032 | | AUD | 70,000 | | | | 34,750 | |
Queensland Treasury Corp.†(a) | | 3.25% | | 7/21/2026 | | AUD | 70,000 | | | | 43,570 | |
Total Australia | | | | | | | | | | | 88,383 | |
| | | | | | | | | | | | |
Canada 1.88% | | | | | | | | | | | | |
Province of Alberta Canada(a) | | 2.05% | | 6/1/2030 | | CAD | 100,000 | | | | 63,781 | |
Province of Ontario Canada | | 3.10% | | 5/19/2027 | | $ | 81,000 | | | | 76,397 | |
Province of Saskatchewan(a) | | 4.75% | | 6/1/2040 | | CAD | 49,000 | | | | 37,527 | |
Total Canada | | | | | | | | | | | 177,705 | |
| | | | | | | | | | | | |
China 5.74% | | | | | | | | | | | | |
China Development Bank(a) | | 3.07% | | 3/10/2030 | | CNY | 650,000 | | | | 92,253 | |
China Development Bank(a) | | 3.09% | | 6/18/2030 | | CNY | 1,300,000 | | | | 184,839 | |
China Development Bank(a) | | 3.48% | | 1/8/2029 | | CNY | 1,000,000 | | | | 145,745 | |
China Development Bank(a) | | 3.68% | | 2/26/2026 | | CNY | 600,000 | | | | 87,791 | |
China Government Bond(a) | | 3.86% | | 7/22/2049 | | CNY | 200,000 | | | | 31,380 | |
Total China | | | | | | | | | | | 542,008 | |
| | | | | | | | | | | | |
Colombia 1.45% | | | | | | | | | | | | |
Colombia Government International Bond(a) | | 3.875% | | 3/22/2026 | | EUR | 100,000 | | | | 90,366 | |
Colombian TES(a) | | 7.50% | | 8/26/2026 | | COP | 250,000,000 | | | | 46,430 | |
Total Colombia | | | | | | | | | | | 136,796 | |
| | | | | | | | | | | �� | |
Dominican Republic 1.37% | | | | | | | | | | | | |
Dominican Republic International Bond† | | 5.50% | | 2/22/2029 | | $ | 150,000 | | | | 129,675 | |
| | | | | | | | | | | | |
France 0.99% | | | | | | | | | | | | |
Action Logement Services(a) | | 0.50% | | 10/30/2034 | | EUR | 100,000 | | | | 71,436 | |
French Republic Government Bond OAT(a) | | 0.75% | | 5/25/2052 | | EUR | 40,000 | | | | 22,245 | |
Total France | | | | | | | | | | | 93,681 | |
| | | | | | | | | | | | |
Germany 0.22% | | | | | | | | | | | | |
Bundesrepublik Deutschland Bundesanleihe(a) | | Zero Coupon | | 8/15/2052 | | EUR | 40,000 | | | | 21,108 | |
| | | | | | | | | | | | |
Indonesia 0.70% | | | | | | | | | | | | |
Indonesia Government International Bond(a) | | 1.30% | | 3/23/2034 | | EUR | 100,000 | | | | 66,014 | |
| | | | | | | | | | | | |
Italy 0.55% | | | | | | | | | | | | |
Italy Buoni Poliennali Del Tesoro†(a) | | 1.50% | | 4/30/2045 | | EUR | 27,000 | | | | 15,635 | |
Italy Buoni Poliennali Del Tesoro†(a) | | 2.45% | | 9/1/2033 | | EUR | 45,000 | | | | 36,374 | |
Total Italy | | | | | | | | | | | 52,009 | |
42 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Japan 1.95% | | | | | | | | | | | | |
Japan Bank for International Cooperation(a) | | 1.50% | | 6/1/2029 | | EUR | 100,000 | | | $ | 88,349 | |
Japan Government Ten Year Bond(a) | | 0.10% | | 12/20/2031 | | JPY | 14,000,000 | | | | 95,482 | |
Total Japan | | | | | | | | | | | 183,831 | |
| | | | | | | | | | | | |
South Africa 0.17% | | | | | | | | | | | | |
Republic of South Africa Government Bond(a) | | 8.75% | | 2/28/2048 | | ZAR | 396,000 | | | | 16,542 | |
| | | | | | | | | | | | |
Spain 0.14% | | | | | | | | | | | | |
Spain Government Bond†(a) | | 1.00% | | 7/30/2042 | | EUR | 21,000 | | | | 13,278 | |
| | | | | | | | | | | | |
Turkey 0.56% | | | | | | | | | | | | |
Republic of Turkey | | 7.375% | | 2/5/2025 | | $ | 55,000 | | | | 52,949 | |
| | | | | | | | | | | | |
United States 0.34% | | | | | | | | | | | | |
Tennessee Valley Authority | | 1.50% | | 9/15/2031 | | | 40,000 | | | | 31,976 | |
Total Foreign Government Obligations (cost $1,994,940) | | | | | | | | | | | 1,605,955 | |
| | | | | | | | | | | | |
GOVERNMENT SPONSORED ENTERPRISES PASS-THROUGHS 6.67% | | | | | | | |
Fannie Mae or Freddie Mac(f) | | 2.00% | | TBA | | | 75,000 | | | | 60,738 | |
Fannie Mae or Freddie Mac(f) | | 2.50% | | TBA | | | 9,000 | | | | 7,535 | |
Fannie Mae or Freddie Mac(f) | | 3.50% | | TBA | | | 25,000 | | | | 22,493 | |
Fannie Mae or Freddie Mac(f) | | 4.00% | | TBA | | | 31,000 | | | | 28,750 | |
Fannie Mae or Freddie Mac(f) | | 4.50% | | TBA | | | 69,000 | | | | 65,680 | |
Fannie Mae or Freddie Mac(f) | | 5.00% | | TBA | | | 42,000 | | | | 40,872 | |
Fannie Mae Pool | | 3.00% | | 10/1/2050 | | | 105,077 | | | | 93,038 | |
Fannie Mae Pool | | 3.50% | | 4/1/2052 | | | 40,894 | | | | 37,238 | |
Fannie Mae Pool | | 4.00% | | 5/1/2052 | | | 39,628 | | | | 37,226 | |
Federal Home Loan Mortgage Corp. | | 3.50% | | 2/1/2046 | | | 19,681 | | | | 18,168 | |
Ginnie Mae(f) | | 3.00% | | TBA | | | 12,000 | | | | 10,605 | |
Ginnie Mae(f) | | 3.50% | | TBA | | | 15,000 | | | | 13,647 | |
Ginnie Mae(f) | | 4.00% | | TBA | | | 34,000 | | | | 31,760 | |
Ginnie Mae(f) | | 4.50% | | TBA | | | 81,000 | | | | 77,520 | |
Ginnie Mae(f) | | 5.00% | | TBA | | | 87,000 | | | | 85,172 | |
Total Government Sponsored Enterprises Pass-Throughs (cost $657,023) | | | | | | | | | 630,442 | |
| | | | | | | | | | | | |
MUNICIPAL BONDS 0.64% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Tax Revenue 0.42% | | | | | | | | | | | | |
New York City Transitional Finance Authority Futur | | 1.95% | | 8/1/2034 | | | 30,000 | | | | 21,123 | |
Regional Transportation District Sales Tax Revenue | | 2.337% | | 11/1/2036 | | | 25,000 | | | | 18,092 | |
Total | | | | | | | | | | | 39,215 | |
| See Notes to Schedule of Investments. | 43 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Transportation 0.22% | | | | | | | | | | |
Metropolitan Transportation Authority | | 6.668% | | 11/15/2039 | | $ | 20,000 | | | $ | 21,242 | |
Total Municipal Bonds (cost $82,186) | | | | | | | | | | | 60,457 | |
| | | | | | | | | | | | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 3.84% | | | | | | | | | | |
BBCMS Mortgage Trust 2019-BWAY A† | | 3.774% (1 Mo. LIBOR + .96%) | # | 11/15/2034 | | | 11,000 | | | | 10,513 | |
BBCMS Mortgage Trust 2019-BWAY B† | | 4.128% (1 Mo. LIBOR + 1.31%) | # | 11/15/2034 | | | 10,000 | | | | 9,436 | |
Commercial Mortgage Pass-Through Certificates 2015-PC1 C | | 4.435% | #(g) | 7/10/2050 | | | 25,000 | | | | 22,988 | |
Connecticut Avenue Securities Trust 2022-R08 1M1† | | 4.855% (1 Mo. SOFR + 2.55%) | # | 7/25/2042 | | | 19,366 | | | | 19,284 | |
CSAIL Commercial Mortgage Trust 2016-C7 D† | | 4.526% | #(g) | 11/15/2049 | | | 45,000 | | | | 30,660 | |
Freddie Mac STACR REMIC Trust 2021-DNA6 M2† | | 3.781% (1 Mo. | | | | | | | | | | |
| | SOFR + 1.50%) | # | 10/25/2041 | | | 30,000 | | | | 27,292 | |
Freddie Mac STACR REMIC Trust 2021-HQA4 M1† | | 3.231% (1 Mo. SOFR + 0.95%) | # | 12/25/2041 | | | 29,568 | | | | 28,192 | |
Freddie Mac STACR REMIC Trust 2022-HQA3 M1A† | | 4.581% (1 Mo. SOFR + 2.30%) | # | 8/25/2042 | | | 29,321 | | | | 29,018 | |
Great Wolf Trust 2019-WOLF A† | | 3.852% (1 Mo. LIBOR + 1.03%) | # | 12/15/2036 | | | 33,000 | | | | 31,965 | |
Life Mortgage Trust 2022-BMR2 A1† | | 4.141% (1 Mo. Term SOFR + 1.30%) | # | 5/15/2039 | | | 100,000 | | | | 97,321 | |
Residential Mortgage Loan Trust 2020-1 A1† | | 2.376% | #(g) | 1/26/2060 | | | 22,484 | | | | 21,263 | |
Verus Securitization Trust 2020-5 A1† | | 1.218% | | 5/25/2065 | | | 37,196 | | | | 34,515 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $382,416) | | | | | | | | | 362,447 | |
| | | | | | | | | | | | |
U.S. TREASURY OBLIGATIONS 7.15% | | | | | | | | | | | | |
U.S. Treasury Bond | | 2.375% | | 2/15/2042 | | | 63,000 | | | | 48,303 | |
U.S. Treasury Bond | | 2.875% | | 5/15/2052 | | | 145,000 | | | | 121,642 | |
U.S. Treasury Bond | | 3.25% | | 5/15/2042 | | | 299,000 | | | | 265,456 | |
U.S. Treasury Inflation Indexed Bond(h) | | 0.125% | | 2/15/2052 | | | 106,429 | | | | 67,455 | |
U.S. Treasury Inflation Indexed Note(h) | | 0.625% | | 7/15/2032 | | | 109,108 | | | | 99,087 | |
U.S. Treasury Note | | 4.125% | | 9/30/2027 | | | 74,000 | | | | 74,249 | |
Total U.S. Treasury Obligations (cost $778,032) | | | | | | | | | | | 676,192 | |
Total Long-Term Investments (cost $10,564,294) | | | | | | | | | | | 8,955,248 | |
44 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Investments | | Principal Amount | | | Fair Value | |
SHORT-TERM INVESTMENTS 8.46% | | | | | | | | |
| | | | | | | | |
REPURCHASE AGREEMENTS 8.46% | | | | | | | | |
Repurchase Agreement dated 9/30/2022, 1.300% due 10/3/2022 with Fixed Income Clearing Corp. collateralized by $829,700 of U.S. Treasury Note at 2.750% due 2/15/2024; value: $815,213; proceeds: $799,247 (cost $799,160) | | $ | 799,160 | | | $ | 799,160 | |
Total Investments in Securities 103.22% (cost $11,363,454) | | | | | | | 9,754,408 | |
Less Unfunded Loan Commitments (0.03%) (cost $2,687) | | | | | | | (2,536 | ) |
Net Investments in Securities 103.19% (cost $11,360,767) | | | | | | | 9,751,872 | |
Other Assets and Liabilities – Net(i) (3.19)% | | | | | | | (301,599 | ) |
Net Assets 100.00% | | | | | | $ | 9,450,273 | |
AUD | | Australian Dollar. |
CAD | | Canadian Dollar. |
CNY | | Chinese Yuan Renminbi. |
COP | | Colombian Peso. |
EUR | | Euro. |
GBP | | British Pound. |
JPY | | Japanese Yen. |
NZD | | New Zealand Dollar. |
SEK | | Swedish Krona. |
ZAR | | South African Rand. |
LIBOR | | London Interbank Offered Rate. |
PIK | | Payment-in-kind. |
REITS | | Real Estate Investment Trust. |
SOFR | | Secured Overnight Financing Rate. |
† | | 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. At September 30, 2022, the total value of Rule 144A securities was $2,560,472, which represents 27.09% of net assets. |
# | | Variable rate security. The interest rate represents the rate in effect at September 30, 2022. |
(a) | | Investment in non-U.S. dollar denominated securities. |
(b) | | Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the London Interbank Offered Rate (“LIBOR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at September 30, 2022. |
(c) | | Security partially/fully unfunded. |
(d) | | Interest rate to be determined. |
(e) | | Foreign security traded in U.S. dollars. |
(f) | | To-be-announced (“TBA”). Security purchased on a forward commitment basis with an approximate principal and maturity date. Actual principal and maturity will be determined upon settlement when the specific mortgage pools are assigned. |
(g) | | Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool. |
(h) | | Treasury Inflation Protected Security. A U.S. Treasury Note or Bond that offers protection from inflation by paying a fixed rate of interest on principal amount that is adjusted for inflation based on the Consumer Price Index. |
(i) | | Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts, futures contracts and swaps as follows: |
| See Notes to Schedule of Investments. | 45 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Centrally Cleared Credit Default Swaps on Indexes - Buy Protection at September 30, 2022(1):
Referenced Indexes | | Central Clearing Party | | Fund Pays (Quarterly) | | Termination Date | | Notional Amount | | Payments Upfront(2) | | Value | | Unrealized Appreciation(3) |
Markit CDX.NA.HY.38(4)(5) | | Goldman Sachs | | 1.00% | | 12/20/2027 | | $100,000 | | $9,428 | | $9,952 | | $524 |
Centrally Cleared Credit Default Swaps on Indexes - Sell Protection at September 30, 2022(1):
Referenced Indexes | | Central Clearing Party | | Fund Receives (Quarterly) | | Termination Date | | Notional Amount | | Payments Upfront(2) | | Value | | Unrealized Depreciation(3) |
Markit CDX.NA.HY.38(4)(5) | | Goldman Sachs | | 5.00% | | 6/20/2027 | | $148,500 | | $(547) | | $(3,361) | | $(2,814) |
(1) | | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive 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. 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) | | Upfront payments paid (received) by Central Clearing Party are presented net of amortization. |
(3) | | Total unrealized appreciation on Credit Default Swaps on Indexes amounted to $524. Total unrealized depreciation on Credit Default Swaps on Indexes amounted to $2,814. |
(4) | | Central Clearinghouse: Intercontinental Exchange (ICE). |
(5) | | The Referenced Index is for the Centrally Cleared Credit Default Swaps on Indexes, which is comprised of a basket of high yield securities. |
Forward Foreign Currency Exchange Contracts at September 30, 2022:
Forward Foreign Currency Exchange Contracts | | Transaction Type | | Counterparty | | Expiration Date | | Foreign Currency | | U.S. $ Cost on Origination Date | | | U.S. $ Current Value | | Unrealized Appreciation | |
British pound | | Buy | | Morgan Stanley | | 12/8/2022 | | 81,000 | | $ | 86,679 | | | $ | 90,518 | | | $ | 3,839 | |
British pound | | Sell | | Bank of America | | 12/8/2022 | | 59,000 | | | 66,816 | | | | 65,933 | | | | 883 | |
British pound | | Sell | | Morgan Stanley | | 12/8/2022 | | 78,000 | | | 89,947 | | | | 87,165 | | | | 2,782 | |
Euro | | Sell | | Morgan Stanley | | 12/12/2022 | | 94,000 | | | 94,981 | | | | 92,594 | | | | 2,387 | |
Indian rupee | | Sell | | Bank of America | | 11/18/2022 | | 8,070,000 | | | 100,363 | | | | 98,528 | | | | 1,835 | |
Japanese yen | | Sell | | Morgan Stanley | | 11/15/2022 | | 3,137,000 | | | 21,784 | | | | 21,764 | | | | 20 | |
Total Unrealized Appreciation on Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | $ | 11,746 | |
46 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
Forward Foreign Currency Exchange Contracts | | Transaction Type | | Counterparty | | Expiration Date | | Foreign Currency | | U.S. $ Cost on Origination Date | | | U.S. $ Current Value | | Unrealized Depreciation | |
Australian dollar | | Buy | | Toronto Dominion Bank | | 11/25/2022 | | 51,000 | | $ | 35,327 | | | $ | 32,645 | | | $ | (2,682 | ) |
Brazilian real | | Buy | | J.P. Morgan | | 12/9/2022 | | 401,000 | | | 74,932 | | | | 73,250 | | | | (1,682 | ) |
Canadian dollar | | Buy | | State Street Bank and Trust | | 10/20/2022 | | 208,000 | | | 160,232 | | | | 150,571 | | | | (9,661 | ) |
Chinese yuan | | Buy | | J.P. Morgan | | 10/21/2022 | | 861,000 | | | 120,785 | | | | 120,615 | | | | (170 | ) |
Chinese yuan | | Buy | | Toronto Dominion Bank | | 10/21/2022 | | 882,000 | | | 130,357 | | | | 123,557 | | | | (6,800 | ) |
Euro | | Buy | | Bank of America | | 12/12/2022 | | 87,000 | | | 87,652 | | | | 85,698 | | | | (1,954 | ) |
Indonesian rupiah | | Buy | | J.P. Morgan | | 11/18/2022 | | 780,000,000 | | | 52,415 | | | | 50,841 | | | | (1,574 | ) |
Japanese yen | | Buy | | Bank of America | | 11/15/2022 | | 10,725,000 | | | 77,823 | | | | 74,408 | | | | (3,415 | ) |
Japanese yen | | Buy | | Morgan Stanley | | 11/15/2022 | | 134,000,000 | | | 1,012,916 | | | | 929,660 | | | | (83,256 | ) |
Mexican peso | | Buy | | State Street Bank and Trust | | 12/21/2022 | | 495,000 | | | 24,431 | | | | 24,235 | | | | (196 | ) |
Norwegian krone | | Buy | | J.P. Morgan | | 12/15/2022 | | 79,000 | | | 7,830 | | | | 7,267 | | | | (563 | ) |
Swedish krona | | Buy | | Bank of America | | 10/21/2022 | | 166,000 | | | 16,275 | | | | 14,969 | | | | (1,306 | ) |
Swiss franc | | Buy | | Bank of America | | 10/21/2022 | | 45,000 | | | 46,762 | | | | 45,675 | | | | (1,087 | ) |
Total Unrealized Depreciation on Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | $ | (114,346 | ) |
Futures Contracts at September 30, 2022:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Appreciation | |
Euro-Bobl | | December 2022 | | 3 | | Short | | EUR | (363,439 | ) | | EUR | (359,250 | ) | | | $ | 4,106 | |
Euro-Schatz | | December 2022 | | 5 | | Short | | | (541,141 | ) | | | (535,825 | ) | | | 5,209 | |
U.S. 10-Year Ultra Treasury Note | | December 2022 | | 4 | | Short | | $ | (495,948 | ) | | $ | (473,938 | ) | | | 22,010 | |
U.S. 2-Year Treasury Note | | December 2022 | | 1 | | Short | | | (208,654 | ) | | | (205,390 | ) | | | 3,264 | |
U.S. 5-Year Treasury Note | | December 2022 | | 6 | | Short | | | (664,370 | ) | | | (645,047 | ) | | | | 19,323 | |
Total Unrealized Appreciation on Futures Contracts | | | | | | | | | | | | $ | 53,912 | |
| See Notes to Schedule of Investments. | 47 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND September 30, 2022
The following is a summary of the inputs used as of September 30, 2022 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Long-Term Investments | | | | | | | | | | | | | | | | |
Asset-Backed Securities | | $ | – | | | $ | 676,444 | | | $ | – | | | $ | 676,444 | |
Convertible Bonds | | | – | | | | 25,945 | | | | – | | | | 25,945 | |
Corporate Bonds | | | – | | | | 4,700,401 | | | | – | | | | 4,700,401 | |
Floating Rate Loans | | | – | | | | 216,965 | | | | – | | | | 216,965 | |
Less Unfunded Commitments | | | – | | | | (2,536 | ) | | | – | | | | (2,536 | ) |
Foreign Government Obligations | | | – | | | | 1,605,955 | | | | – | | | | 1,605,955 | |
Government Sponsored Enterprises Pass-Throughs | | | – | | | | 630,442 | | | | – | | | | 630,442 | |
Municipal Bonds | | | – | | | | 60,457 | | | | – | | | | 60,457 | |
Non-Agency Commercial Mortgage-Backed Securities | | | – | | | | 362,447 | | | | – | | | | 362,447 | |
U.S. Treasury Obligations | | | – | | | | 676,192 | | | | – | | | | 676,192 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Repurchase Agreements | | | – | | | | 799,160 | | | | – | | | | 799,160 | |
Total | | $ | – | | | $ | 9,751,872 | | | $ | – | | | $ | 9,751,872 | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Centrally Cleared Credit Default Swap Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | – | | | $ | 524 | | | $ | – | | | $ | 524 | |
Liabilities | | | – | | | | (2,814 | ) | | | – | | | | (2,814 | ) |
Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | | | | | |
Assets | | | – | | | | 11,746 | | | | – | | | | 11,746 | |
Liabilities | | | – | | | | (114,346 | ) | | | – | | | | (114,346 | ) |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | | 53,912 | | | | – | | | | – | | | | 53,912 | |
Liabilities | | | – | | | | – | | | | – | | | | – | |
Total | | $ | 53,912 | | | $ | (104,890 | ) | | $ | – | | | $ | (50,978 | ) |
(1) | | Refer to Note 2(b) 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. When applicable each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets. Management has determined not to provide a reconciliation as the balance of Level 3 investments was not considered to be material to the Fund’s net assets at the beginning or end of the period.
48 | See Notes to Schedule of Investments. |
Notes to Schedule of Investments (unaudited)
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 consists of the following three funds (each, a “Fund” and collectively, the “Funds”): Lord Abbett Emerging Markets Corporate Debt Fund (“Emerging Markets Corporate Debt Fund”), Lord Abbett Emerging Markets Bond Fund and Lord Abbett Global Bond Fund (“Global Bond Fund”). Emerging Markets Corporate Debt Fund and Global Bond Fund are each diversified as defined in the Act and Emerging Markets Bond Fund is non-diversified as defined in the Act.
2. | SIGNIFICANT ACCOUNTING POLICIES |
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(a) | Investment Valuation–Under procedures approved by the Fund’s Board of Directors (the “Board”), the Board has designated the determination of fair value of the Fund’s portfolio investments to Lord, Abbett & Co. LLC (“Lord Abbett”), as valuation designee. Accordingly, Lord Abbett is responsible for, among other things, assessing and managing valuation risk, establish, applying and testing fair value methodologies, and evaluating pricing services. Lord Abbett has formed a Pricing Committee that performs these responsibilities on behalf of Lord Abbett, administers the pricing and valuation of portfolio investments, and ensures that prices utilized reasonably reflect fair value. Among other things, these procedures allow Lord Abbett, subject to Board oversight, to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value. |
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| 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. When valuing foreign equity securities that meet certain criteria, the Board has approved the use of an independent fair valuation service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that correlate to the fair-valued 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 ask prices. Exchange traded options and futures contracts are valued at the last quoted sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and ask prices is used. Fixed income securities are valued based on evaluated prices supplied by independent pricing services, which reflect broker/dealer supplied valuations and the independent pricing services’ own electronic data processing techniques. Floating rate loans are valued at the average of bid and ask quotations obtained from dealers in loans on the basis of prices supplied by independent pricing services. Forward foreign currency exchange contracts are valued using daily forward exchange rates. Swaps are valued daily using independent pricing services or quotations from broker/dealers to the extent available. |
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Notes to Schedule of Investments (unaudited)(continued)
| Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. 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 the fair value of portfolio investments. The Board or a designated committee thereof periodically reviews reports that may include fair value determinations made by the Pricing Committee, related market activity, inputs and assumptions, and retrospective comparison of prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee. |
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| Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. |
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(b) | 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 classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below: |
| • | Level 1 – | unadjusted quoted prices in active markets for identical investments; |
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| • | Level 2 – | other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and |
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| • | 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 and other financial instruments as of September 30, 2022 and, if applicable, Level 3 rollforwards for the period 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. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
50
Notes to Schedule of Investments (unaudited)(concluded)
3. | FEDERAL TAX INFORMATION |
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 each Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax returns. The statute of limitations on each Fund’s, state and local tax returns may remain open for an additional year depending upon the jurisdiction.
4. | SECURITIES LENDING AGREEMENT |
The Funds have established a securities lending agreement with Citibank, N.A. for the lending of securities to qualified brokers in exchange for securities or cash collateral equal to at least the market value of securities loaned, plus interest, if applicable. Cash collateral is invested in an approved money market fund. In accordance with the Funds’ securities lending agreement, the market value of securities on loan is determined each day at the close of business and any additional collateral required to cover the value of securities on loan is delivered to the Funds on the next business day. As with other extensions of credit, the Funds may experience a delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or the borrower becomes insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.
The initial collateral received by the Funds is required to have a value equal to at least 100% of the market value of the securities loaned. The collateral must be marked-to-market daily to cover increases in the market value of the securities loaned (or potentially a decline in the value of the collateral). In general, the risk of borrower default will be borne by Citibank, N.A.; the Funds will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Funds continue to receive income on loaned securities while receiving a portion of any securities lending fees and earning returns on the cash amounts which may be reinvested for the purchase of investments in securities.
As of September 30, 2022 the Funds did not loan any securities.
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QPHR-GLOBAL-3Q
(11/22)