Lord Abbett
Quarterly Portfolio Holdings Report
Lord Abbett
Emerging Markets Bond Fund
Emerging Markets Corporate Debt Fund
Global Bond Fund
For the period ended March 31, 2023
Schedule of Investments (unaudited)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
LONG-TERM INVESTMENTS 95.62% | | | | | | | | | | | | |
| | | | | | | | | | | | |
CORPORATE BONDS 27.80% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Bahrain 0.46% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Oil and Gas Holding Co. BSCC (The) | | 7.625% | | 11/7/2024 | | $ | 550,000 | | | $ | 559,704 | |
| | | | | | | | | | | | |
Brazil 1.05% | | | | | | | | | | | | |
Banks 0.65% | | | | | | | | | | | | |
Banco do Brasil SA† | | 3.25% | | 9/30/2026 | | | 850,000 | | | | 787,312 | |
| | | | | | | | | | | | |
Media 0.40% | | | | | | | | | | | | |
Globo Comunicacao e Participacoes SA† | | 4.875% | | 1/22/2030 | | | 600,000 | | | | 478,431 | |
Total Brazil | | | | | | | | | | | 1,265,743 | |
| | | | | | | | | | | | |
Chile 1.88% | | | | | | | | | | | | |
Chemicals 0.22% | | | | | | | | | | | | |
Sociedad Quimica y Minera de Chile SA† | | 3.50% | | 9/10/2051 | | | 380,000 | | | | 266,175 | |
Electric 0.30% | | | | | | | | | | | | |
Alfa Desarrollo SpA† | | 4.55% | | 9/27/2051 | | | 497,535 | | | | 365,263 | |
Mining 0.67% | | | | | | | | | | | | |
Corp. Nacional del Cobre de Chile† | | 3.00% | | 9/30/2029 | | | 575,000 | | | | 514,877 | |
Corp. Nacional del Cobre de Chile† | | 5.125% | | 2/2/2033 | | | 295,000 | | | | 298,225 | |
| | | | | | | | | | | 813,102 | |
Oil & Gas 0.69% | | | | | | | | | | | | |
Empresa Nacional del Petroleo† | | 3.45% | | 9/16/2031 | | | 1,000,000 | | | | 828,902 | |
Total Chile | | | | | | | | | | | 2,273,442 | |
| | | | | | | | | | | | |
China 0.51% | | | | | | | | | | | | |
Internet 0.36% | | | | | | | | | | | | |
Prosus NV† | | 3.832% | | 2/8/2051 | | | 675,000 | | | | 433,987 | |
Investment Companies 0.15% | | | | | | | | | | | | |
Huarong Finance 2019 Co. Ltd. | | 3.375% | | 2/24/2030 | | | 270,000 | | | | 183,937 | |
Total China | | | | | | | | | | | 617,924 | |
| | | | | | | | | | | | |
Colombia 0.42% | | | | | | | | | | | | |
Oil & Gas 0.17% | | | | | | | | | | | | |
Ecopetrol SA | | 5.875% | | 11/2/2051 | | | 300,000 | | | | 203,100 | |
Pipelines 0.25% | | | | | | | | | | | | |
AI Candelaria Spain SA† | | 5.75% | | 6/15/2033 | | | 437,000 | | | | 310,270 | |
Total Colombia | | | | | | | | | | | 513,370 | |
| See Notes to Schedule of Investments. | 1 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
India 1.26% | | | | | | | | | | |
Commercial Services 0.27% | | | | | | | | | | | | |
Adani Ports & Special Economic Zone Ltd.† | | 3.10% | | 2/2/2031 | | $ | 500,000 | | | $ | 322,532 | |
Oil & Gas 0.65% | | | | | | | | | | | | |
Reliance Industries Ltd.† | | 2.875% | | 1/12/2032 | | | 950,000 | | | | 790,410 | |
Transportation 0.34% | | | | | | | | | | | | |
Indian Railway Finance Corp. Ltd. | | 2.80% | | 2/10/2031 | | | 500,000 | | | | 412,648 | |
Total India | | | | | | | | | | | 1,525,590 | |
| | | | | | | | | | | | |
Indonesia 3.06% | | | | | | | | | | | | |
Coal 0.41% | | | | | | | | | | | | |
Indika Energy Capital IV Pte Ltd. | | 8.25% | | 10/22/2025 | | | 500,000 | | | | 494,410 | |
Electric 1.49% | | | | | | | | | | | | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara† | | 3.00% | | 6/30/2030 | | | 600,000 | | | | 515,865 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara† | | 4.00% | | 6/30/2050 | | | 560,000 | | | | 400,244 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara† | | 4.125% | | 5/15/2027 | | | 930,000 | | | | 891,405 | |
| | | | | | | | | | | 1,807,514 | |
Oil & Gas 1.16% | | | | | | | | | | | | |
Pertamina Persero PT† | | 3.10% | | 1/21/2030 | | | 900,000 | | | | 798,970 | |
Pertamina Persero PT† | | 5.625% | | 5/20/2043 | | | 630,000 | | | | 597,020 | |
| | | | | | | | | | | 1,395,990 | |
Total Indonesia | | | | | | | | | | | 3,697,914 | |
| | | | | | | | | | | | |
Israel 0.72% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
Bank Hapoalim BM† | | 3.255% (5 Yr. Treasury CMT + 2.16%) | # | 1/21/2032 | | | 480,000 | | | | 401,040 | |
Bank Leumi Le-Israel BM† | | 3.275% (5 Yr. Treasury CMT + 1.63%) | # | 1/29/2031 | | | 200,000 | | | | 174,578 | |
Bank Leumi Le-Israel BM† | | 5.125% | | 7/27/2027 | | | 300,000 | | | | 294,015 | |
Total Israel | | | | | | | | | | | 869,633 | |
| | | | | | | | | | | | |
Kazakhstan 1.91% | | | | | | | | | | | | |
Oil & Gas 1.09% | | | | | | | | | | | | |
KazMunayGas National Co. JSC† | | 4.75% | | 4/19/2027 | | | 700,000 | | | | 645,114 | |
KazMunayGas National Co. JSC† | | 6.375% | | 10/24/2048 | | | 300,000 | | | | 250,320 | |
Tengizchevroil Finance Co. International Ltd.† | | 3.25% | | 8/15/2030 | | | 560,000 | | | | 421,400 | |
| | | | | | | | | | | 1,316,834 | |
2 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Kazakhstan (continued) | | | | | | | | | | | | |
Pipelines 0.82% | | | | | | | | | | | | |
KazTransGas JSC† | | 4.375% | | 9/26/2027 | | $ | 1,100,000 | | | $ | 988,917 | |
Total Kazakhstan | | | | | | | | | | | 2,305,751 | |
| | | | | | | | | | | | |
Kuwait 0.38% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
NBK Tier 1 Financing 2 Ltd.† | | 4.50% (6 Yr. Treasury CMT + 2.83%) | # | — | (a) | | 500,000 | | | | 454,780 | |
| | | | | | | | | | | | |
Malaysia 2.23% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Petronas Capital Ltd.† | | 2.48% | | 1/28/2032 | | | 1,000,000 | | | | 852,333 | |
Petronas Capital Ltd.† | | 3.404% | | 4/28/2061 | | | 1,300,000 | | | | 945,458 | |
Petronas Energy Canada Ltd.† | | 2.112% | | 3/23/2028 | | | 1,000,000 | | | | 904,645 | |
Total Malaysia | | | | | | | | | | | 2,702,436 | |
| | | | | | | | | | | | |
Mexico 3.33% | | | | | | | | | | | | |
Electric 0.86% | | | | | | | | | | | | |
Comision Federal de Electricidad† | | 3.348% | | 2/9/2031 | | | 625,000 | | | | 496,269 | |
Comision Federal de Electricidad† | | 4.677% | | 2/9/2051 | | | 800,000 | | | | 538,483 | |
| | | | | | | | | | | 1,034,752 | |
Oil & Gas 2.47% | | | | | | | | | | | | |
Petroleos Mexicanos | | 6.49% | | 1/23/2027 | | | 264,000 | | | | 239,602 | |
Petroleos Mexicanos | | 6.50% | | 6/2/2041 | | | 833,000 | | | | 556,254 | |
Petroleos Mexicanos | | 6.70% | | 2/16/2032 | | | 882,000 | | | | 702,744 | |
Petroleos Mexicanos | | 6.75% | | 9/21/2047 | | | 880,000 | | | | 572,714 | |
Petroleos Mexicanos | | 6.84% | | 1/23/2030 | | | 1,110,000 | | | | 921,089 | |
| | | | | | | | | | | 2,992,403 | |
Total Mexico | | | | | | | | | | | 4,027,155 | |
| | | | | | | | | | | | |
Morocco 0.21% | | | | | | | | | | | | |
Chemicals | | | | | | | | | | | | |
OCP SA† | | 5.125% | | 6/23/2051 | | | 350,000 | | | | 255,879 | |
| | | | | | | | | | | | |
Oman 0.95% | | | | | | | | | | | | |
Electric | | | | | | | | | | | | |
OmGrid Funding Ltd.† | | 5.196% | | 5/16/2027 | | | 1,200,000 | | | | 1,152,370 | |
| | | | | | | | | | | | |
Panama 0.68% | | | | | | | | | | | | |
Banks 0.32% | | | | | | | | | | | | |
Banco Nacional de Panama† | | 2.50% | | 8/11/2030 | | | 500,000 | | | | 388,365 | |
| See Notes to Schedule of Investments. | 3 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Panama (continued) | | | | | | | | | | | | |
Multi-National 0.36% | | | | | | | | | | | | |
Banco Latinoamericano de Comercio Exterior SA† | | 2.375% | | 9/14/2025 | | $ | 478,000 | | | $ | 440,234 | |
Total Panama | | | | | | | | | | | 828,599 | |
| | | | | | | | | | | | |
Paraguay 0.22% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
Banco Continental SAECA† | | 2.75% | | 12/10/2025 | | | 300,000 | | | | 266,589 | |
| | | | | | | | | | | | |
Peru 0.44% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
Banco Internacional del Peru SAA Interbank† | | 3.25% | | 10/4/2026 | | | 590,000 | | | | 537,952 | |
| | | | | | | | | | | | |
Qatar 1.52% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
QatarEnergy† | | 2.25% | | 7/12/2031 | | | 1,500,000 | | | | 1,276,432 | |
QatarEnergy† | | 3.30% | | 7/12/2051 | | | 750,000 | | | | 560,738 | |
Total Qatar | | | | | | | | | | | 1,837,170 | |
| | | | | | | | | | | | |
Saudi Arabia 1.44% | | | | | | | | | | | | |
Electric 0.43% | | | | | | | | | | | | |
Acwa Power Management and Investments One Ltd.† | | 5.95% | | 12/15/2039 | | | 548,900 | | | | 523,250 | |
Oil & Gas 0.52% | | | | | | | | | | | | |
SAGlobal Sukuk Ltd.† | | 1.602% | | 6/17/2026 | | | 240,000 | | | | 219,764 | |
Saudi Arabian Oil Co. | | 2.25% | | 11/24/2030 | | | 300,000 | | | | 253,697 | |
Saudi Arabian Oil Co.† | | 3.25% | | 11/24/2050 | | | 225,000 | | | | 157,283 | |
| | | | | | | | | | | 630,744 | |
Pipelines 0.49% | | | | | | | | | | | | |
EIG Pearl Holdings Sarl† | | 3.545% | | 8/31/2036 | | | 685,000 | | | | 587,860 | |
Total Saudi Arabia | | | | | | | | | | | 1,741,854 | |
| | | | | | | | | | | | |
South Africa 1.60% | | | | | | | | | | | | |
Electric | | | | | | | | | | | | |
Eskom Holdings SOC Ltd. | | 6.35% | | 8/10/2028 | | | 700,000 | | | | 663,425 | |
Eskom Holdings SOC Ltd.† | | 7.125% | | 2/11/2025 | | | 1,300,000 | | | | 1,279,109 | |
Total South Africa | | | | | | | | | | | 1,942,534 | |
| | | | | | | | | | | | |
South Korea 0.80% | | | | | | | | | | | | |
Electric 0.40% | | | | | | | | | | | | |
Korea East-West Power Co. Ltd.† | | 3.60% | | 5/6/2025 | | | 495,000 | | | | 482,459 | |
Energy-Alternate Sources 0.40% | | | | | | | | | | | | |
Hanwha Energy USA Holdings Corp.† | | 4.125% | | 7/5/2025 | | | 500,000 | | | | 489,748 | |
Total South Korea | | | | | | | | | | | 972,207 | |
4 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Supranational 0.37% | | | | | | | | | | |
Multi-National | | | | | | | | | | |
African Export-Import Bank (The)† | | 2.634% | | 5/17/2026 | | $ | 500,000 | | | $ | 447,080 | |
| | | | | | | | | | | | |
Thailand 0.66% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Thaioil Treasury Center Co. Ltd.† | | 3.50% | | 10/17/2049 | | | 1,300,000 | | | | 799,324 | |
| | | | | | | | | | | | |
United Arab Emirates 1.70% | | | | | | | | | | | | |
Energy-Alternate Sources 0.44% | | | | | | | | | | | | |
Sweihan PV Power Co. PJSC† | | 3.625% | | 1/31/2049 | | | 652,299 | | | | 536,675 | |
Investment Companies 0.27% | | | | | | | | | | | | |
MDGH GMTN RSC Ltd.† | | 5.50% | | 4/28/2033 | | | 300,000 | | | | 319,235 | |
Pipelines 0.65% | | | | | | | | | | | | |
Galaxy Pipeline Assets Bidco Ltd.† | | 3.25% | | 9/30/2040 | | | 1,000,000 | | | | 790,829 | |
Sovereign 0.34% | | | | | | | | | | | | |
Finance Department Government of Sharjah | | 3.625% | | 3/10/2033 | | | 500,000 | | | | 406,917 | |
Total United Arab Emirates | | | | | | | | | | | 2,053,656 | |
Total Corporate Bonds (cost $38,623,206) | | | | | | | | | | | 33,648,656 | |
| | | | | | | | | | | | |
FOREIGN GOVERNMENT OBLIGATIONS 67.82% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Angola 1.13% | | | | | | | | | | | | |
Angolan Government International Bond | | 8.75% | | 4/14/2032 | | | 200,000 | | | | 169,500 | |
Angolan Government International Bond† | | 9.125% | | 11/26/2049 | | | 400,000 | | | | 310,850 | |
Republic of Angola† | | 8.25% | | 5/9/2028 | | | 1,000,000 | | | | 887,145 | |
Total Angola | | | | | | | | | | | 1,367,495 | |
| | | | | | | | | | | | |
Argentina 1.20% | | | | | | | | | | | | |
Argentine Republic Government International Bond | | 1.50% | (b) | 7/9/2035 | | | 2,950,000 | | | | 774,171 | |
Argentine Republic Government International Bond | | 3.50% | (b) | 7/9/2041 | | | 1,173,000 | | | | 334,053 | |
Argentine Republic Government International Bond | | 3.875% | (b) | 1/9/2038 | | | 1,081,193 | | | | 340,657 | |
Total Argentina | | | | | | | | | | | 1,448,881 | |
| | | | | | | | | | | | |
Bahrain 2.34% | | | | | | | | | | | | |
Kingdom of Bahrain† | | 5.45% | | 9/16/2032 | | | 1,550,000 | | | | 1,387,055 | |
Kingdom of Bahrain† | | 6.00% | | 9/19/2044 | | | 300,000 | | | | 233,317 | |
Kingdom of Bahrain† | | 7.00% | | 1/26/2026 | | | 1,180,000 | | | | 1,217,959 | |
Total Bahrain | | | | | | | | | | | 2,838,331 | |
| See Notes to Schedule of Investments. | 5 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Bermuda 0.23% | | | | | | | | | | |
Bermuda Government International Bond† | | 2.375% | | 8/20/2030 | | $ | 320,000 | | | $ | 274,518 | |
| | | | | | | | | | | | |
Brazil 2.34% | | | | | | | | | | | | |
Federal Republic of Brazil | | 3.75% | | 9/12/2031 | | | 1,650,000 | | | | 1,430,432 | |
Federal Republic of Brazil | | 4.75% | | 1/14/2050 | | | 1,431,000 | | | | 1,062,091 | |
Federal Republic of Brazil | | 5.00% | | 1/27/2045 | | | 436,000 | | | | 343,718 | |
Total Brazil | | | | | | | | | | | 2,836,241 | |
| | | | | | | | | | | | |
Chile 1.82% | | | | | | | | | | | | |
Chile Government International Bond | | 2.45% | | 1/31/2031 | | | 850,000 | | | | 734,686 | |
Chile Government International Bond | | 3.10% | | 5/7/2041 | | | 1,050,000 | | | | 790,732 | |
Chile Government International Bond | | 3.50% | | 1/25/2050 | | | 900,000 | | | | 675,931 | |
Total Chile | | | | | | | | | | | 2,201,349 | |
| | | | | | | | | | | | |
Colombia 2.90% | | | | | | | | | | | | |
Republic of Colombia | | 3.00% | | 1/30/2030 | | | 505,000 | | | | 397,354 | |
Republic of Colombia | | 3.25% | | 4/22/2032 | | | 875,000 | | | | 653,298 | |
Republic of Colombia | | 3.875% | | 4/25/2027 | | | 860,000 | | | | 782,650 | |
Republic of Colombia | | 4.125% | | 5/15/2051 | | | 750,000 | | | | 464,011 | |
Republic of Colombia | | 5.00% | | 6/15/2045 | | | 1,735,000 | | | | 1,217,046 | |
Total Colombia | | | | | | | | | | | 3,514,359 | |
| | | | | | | | | | | | |
Costa Rica 1.04% | | | | | | | | | | | | |
Costa Rica Government International Bond† | | 5.625% | | 4/30/2043 | | | 862,000 | | | | 754,640 | |
Costa Rica Government International Bond† | | 6.55% | | 4/3/2034 | | | 500,000 | | | | 503,500 | |
Total Costa Rica | | | | | | | | | | | 1,258,140 | |
| | | | | | | | | | | | |
Dominican Republic 2.97% | | | | | | | | | | | | |
Dominican Republic† | | 4.50% | | 1/30/2030 | | | 1,200,000 | | | | 1,047,880 | |
Dominican Republic† | | 5.30% | | 1/21/2041 | | | 750,000 | | | | 586,486 | |
Dominican Republic† | | 5.875% | | 1/30/2060 | | | 970,000 | | | | 745,252 | |
Dominican Republic† | | 5.95% | | 1/25/2027 | | | 1,225,000 | | | | 1,209,641 | |
Total Dominican Republic | | | | | | | | | | | 3,589,259 | |
| | | | | | | | | | | | |
Ecuador 1.18% | | | | | | | | | | | | |
Ecuador Government International Bond† | | 1.50% | (b) | 7/31/2040 | | | 3,281,077 | | | | 996,134 | |
Ecuador Government International Bond† | | 2.50% | (b) | 7/31/2035 | | | 1,275,000 | | | | 430,026 | |
Total Ecuador | | | | | | | | | | | 1,426,160 | |
| | | | | | | | | | | | |
Egypt 2.28% | | | | | | | | | | | | |
Egyptian Financial Co for Sovereign Taskeek (The)† | | 10.875% | | 2/28/2026 | | | 1,000,000 | | | | 920,908 | |
Republic of Egypt† | | 3.875% | | 2/16/2026 | | | 560,000 | | | | 414,838 | |
6 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Egypt (continued) | | | | | | | | | | | | |
Republic of Egypt† | | 7.30% | | 9/30/2033 | | $ | 1,000,000 | | | $ | 616,590 | |
Republic of Egypt† | | 7.903% | | 2/21/2048 | | | 920,000 | | | | 512,447 | |
Republic of Egypt† | | 8.75% | | 9/30/2051 | | | 500,000 | | | | 293,588 | |
Total Egypt | | | | | | | | | | | 2,758,371 | |
| | | | | | | | | | | | |
El Salvador 0.44% | | | | | | | | | | | | |
El Salvador Government International Bond† | | 8.25% | | 4/10/2032 | | | 1,000,000 | | | | 530,684 | |
| | | | | | | | | | | | |
Gabon 0.61% | | | | | | | | | | | | |
Gabon Government International Bond† | | 7.00% | | 11/24/2031 | | | 967,000 | | | | 741,157 | |
| | | | | | | | | | | | |
Ghana 1.05% | | | | | | | | | | | | |
Ghana Government International Bond | | 8.627% | | 6/16/2049 | | | 725,000 | | | | 244,234 | |
Republic of Ghana† | | 6.375% | | 2/11/2027 | | | 1,625,000 | | | | 589,794 | |
Republic of Ghana† | | 7.625% | | 5/16/2029 | | | 730,000 | | | | 258,066 | |
Republic of Ghana† | | 8.625% | | 4/7/2034 | | | 500,000 | | | | 175,000 | |
Total Ghana | | | | | | | | | | | 1,267,094 | |
| | | | | | | | | | | | |
Guatemala 0.97% | | | | | | | | | | | | |
Republic of Guatemala† | | 4.375% | | 6/5/2027 | | | 625,000 | | | | 605,446 | |
Republic of Guatemala† | | 6.125% | | 6/1/2050 | | | 600,000 | | | | 569,744 | |
Total Guatemala | | | | | | | | | | | 1,175,190 | |
| | | | | | | | | | | | |
Hong Kong 0.17% | | | | | | | | | | | | |
Hong Kong Government International Bond† | | 4.50% | | 1/11/2028 | | | 200,000 | | | | 204,378 | |
| | | | | | | | | | | | |
Hungary 1.27% | | | | | | | | | | | | |
Hungary Government International Bond | | 2.125% | | 9/22/2031 | | | 1,200,000 | | | | 924,497 | |
Hungary Government International Bond† | | 6.125% | | 5/22/2028 | | | 600,000 | | | | 616,053 | |
Total Hungary | | | | | | | | | | | 1,540,550 | |
| | | | | | | | | | | | |
Indonesia 2.59% | | | | | | | | | | | | |
Indonesia Government International Bond | | 1.85% | | 3/12/2031 | | | 1,600,000 | | | | 1,309,163 | |
Indonesia Government International Bond | | 3.05% | | 3/12/2051 | | | 1,000,000 | | | | 741,450 | |
Indonesia Government International Bond | | 3.50% | | 2/14/2050 | | | 500,000 | | | | 385,138 | |
Perusahaan Penerbit SBSN Indonesia III† | | 4.70% | | 6/6/2032 | | | 700,000 | | | | 699,695 | |
Total Indonesia | | | | | | | | | | | 3,135,446 | |
| | | | | | | | | | | | |
Jordan 0.37% | | | | | | | | | | | | |
Kingdom of Jordan† | | 5.85% | | 7/7/2030 | | | 500,000 | | | | 446,794 | |
| See Notes to Schedule of Investments. | 7 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Kazakhstan 1.00% | | | | | | | | | | | | |
Republic of Kazakhstan†(c) | | 1.50% | | 9/30/2034 | | EUR | 500,000 | | | $ | 393,023 | |
Republic of Kazakhstan† | | 4.875% | | 10/14/2044 | | $ | 915,000 | | | | 818,842 | |
Total Kazakhstan | | | | | | | | | | | 1,211,865 | |
| | | | | | | | | | | | |
Kenya 0.66% | | | | | | | | | | | | |
Republic of Kenya† | | 6.30% | | 1/23/2034 | | | 520,000 | | | | 368,550 | |
Republic of Kenya† | | 7.00% | | 5/22/2027 | | | 500,000 | | | | 424,912 | |
Total Kenya | | | | | | | | | | | 793,462 | |
| | | | | | | | | | | | |
Lebanon 0.11% | | | | | | | | | | | | |
Republic of Lebanon(d) | | 6.65% | | 2/26/2030 | | | 1,948,000 | | | | 128,510 | |
| | | | | | | | | | | | |
Mexico 2.45% | | | | | | | | | | | | |
Mexico Government International Bond | | 4.40% | | 2/12/2052 | | | 788,000 | | | | 617,673 | |
Mexico Government International Bond | | 4.875% | | 5/19/2033 | | | 251,000 | | | | 240,617 | |
United Mexican States | | 2.659% | | 5/24/2031 | | | 2,064,000 | | | | 1,727,673 | |
United Mexican States | | 3.771% | | 5/24/2061 | | | 560,000 | | | | 379,810 | |
Total Mexico | | | | | | | | | | | 2,965,773 | |
| | | | | | | | | | | | |
Morocco 0.68% | | | | | | | | | | | | |
Morocco Government International Bond† | | 3.00% | | 12/15/2032 | | | 600,000 | | | | 485,224 | |
Morocco Government International Bond† | | 4.00% | | 12/15/2050 | | | 500,000 | | | | 341,875 | |
Total Morocco | | | | | | | | | | | 827,099 | |
| | | | | | | | | | | | |
Nigeria 2.06% | | | | | | | | | | | | |
Republic of Nigeria† | | 6.50% | | 11/28/2027 | | | 2,150,000 | | | | 1,757,453 | |
Republic of Nigeria† | | 7.375% | | 9/28/2033 | | | 1,030,000 | | | | 732,278 | |
Total Nigeria | | | | | | | | | | | 2,489,731 | |
| | | | | | | | | | | | |
Oman 3.10% | | | | | | | | | | | | |
Oman Government International Bond† | | 4.75% | | 6/15/2026 | | | 2,550,000 | | | | 2,496,654 | |
Oman Government International Bond† | | 6.25% | | 1/25/2031 | | | 300,000 | | | | 305,998 | |
Oman Government International Bond† | | 6.75% | | 1/17/2048 | | | 1,000,000 | | | | 948,095 | |
Total Oman | | | | | | | | | | | 3,750,747 | |
|
Panama 2.87% | | | | | | | | | | | | |
Panama Government International Bond | | 4.30% | | 4/29/2053 | | | 925,000 | | | | 680,951 | |
Republic of Panama | | 2.252% | | 9/29/2032 | | | 1,300,000 | | | | 999,544 | |
Republic of Panama | | 3.87% | | 7/23/2060 | | | 1,010,000 | | | | 664,478 | |
Republic of Panama | | 4.50% | | 4/16/2050 | | | 1,475,000 | | | | 1,127,105 | |
Total Panama | | | | | | | | | | | 3,472,078 | |
| |
8 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Paraguay 0.85% | | | | | | | | | | | | |
Paraguay Government International Bond† | | 3.849% | | 6/28/2033 | | $ | 500,000 | | | $ | 441,752 | |
Republic of Paraguay† | | 5.40% | | 3/30/2050 | | | 675,000 | | | | 583,689 | |
Total Paraguay | | | | | | | | | | | 1,025,441 | |
| | | | | | | | | | | | |
Peru 2.14% | | | | | | | | | | | | |
Republic of Peru | | 1.862% | | 12/1/2032 | | | 1,000,000 | | | | 758,007 | |
Republic of Peru | | 2.78% | | 12/1/2060 | | | 465,000 | | | | 278,348 | |
Republic of Peru | | 3.00% | | 1/15/2034 | | | 1,900,000 | | | | 1,554,705 | |
Total Peru | | | | | | | | | | | 2,591,060 | |
| | | | | | | | | | | | |
Philippines 2.93% | | | | | | | | | | | | |
Philippine Government International Bond | | 2.65% | | 12/10/2045 | | | 2,800,000 | | | | 1,925,526 | |
Philippine Government International Bond | | 3.229% | | 3/29/2027 | | | 1,700,000 | | | | 1,623,123 | |
Total Philippines | | | | | | | | | | | 3,548,649 | |
| | | | | | | | | | | | |
Poland 0.33% | | | | | | | | | | | | |
Republic of Poland Government International Bond | | 5.50% | | 4/4/2053 | | | 400,000 | | | | 405,900 | |
| | | | | | | | | | | | |
Qatar 2.47% | | | | | | | | | | | | |
State of Qatar† | | 4.00% | | 3/14/2029 | | | 1,650,000 | | | | 1,641,857 | |
State of Qatar | | 4.40% | | 4/16/2050 | | | 500,000 | | | | 463,907 | |
State of Qatar† | | 4.40% | | 4/16/2050 | | | 950,000 | | | | 881,424 | |
Total Qatar | | | | | | | | | | | 2,987,188 | |
| | | | | | | | | | | | |
Romania 1.30% | | | | | | | | | | | | |
Romanian Government International Bond†(c) | | 2.625% | | 12/2/2040 | | EUR | 1,000,000 | | | | 630,923 | |
Romanian Government International Bond | | 6.00% | | 5/25/2034 | | $ | 324,000 | | | | 317,562 | |
Romanian Government International Bond† | | 6.625% | | 2/17/2028 | | | 600,000 | | | | 623,919 | |
Total Romania | | | | | | | | | | | 1,572,404 | |
| | | | | | | | | | | | |
Saudi Arabia 3.67% | | | | | | | | | | | | |
KSA Sukuk Ltd.† | | 2.25% | | 5/17/2031 | | | 1,000,000 | | | | 861,827 | |
KSA Sukuk Ltd.† | | 5.268% | | 10/25/2028 | | | 1,600,000 | | | | 1,669,197 | |
Saudi International Bond† | | 3.45% | | 2/2/2061 | | | 2,700,000 | | | | 1,915,334 | |
Total Saudi Arabia | | | | | | | | | | | 4,446,358 | |
| | | | | | | | | | | | |
Senegal 0.62% | | | | | | | | | | | | |
Republic of Senegal† | | 6.25% | | 5/23/2033 | | | 750,000 | | | | 598,422 | |
Senegal Government International Bond†(c) | | 5.375% | | 6/8/2037 | | EUR | 220,000 | | | | 153,905 | |
Total Senegal | | | | | | | | | | | 752,327 | |
| | |
| See Notes to Schedule of Investments. | 9 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
South Africa 2.14% | | | | | | | | | | | | |
Republic of South Africa | | 4.30% | | 10/12/2028 | | $ | 1,440,000 | | | $ | 1,295,172 | |
South Africa Government International Bond | | 5.75% | | 9/30/2049 | | | 1,760,000 | | | | 1,297,041 | |
Total South Africa | | | | | | | | | | | 2,592,213 | |
| | | | | | | | | | | | |
South Korea 0.82% | | | | | | | | | | | | |
Korea National Oil Corp.† | | 4.75% | | 4/3/2026 | | | 1,000,000 | | | | 994,830 | |
| | | | | | | | | | | | |
Sri Lanka 1.25% | | | | | | | | | | | | |
Republic of Sri Lanka† | | 5.75% | | 4/18/2023 | | | 1,531,000 | | | | 551,274 | |
Republic of Sri Lanka† | | 6.75% | | 4/18/2028 | | | 1,130,000 | | | | 406,851 | |
Republic of Sri Lanka† | | 7.55% | | 3/28/2030 | | | 550,000 | | | | 197,978 | |
Sri Lanka Government International Bond†(d) | | 5.875% | | 7/25/2022 | | | 920,000 | | | | 360,719 | |
Total Sri Lanka | | | | | | | | | | | 1,516,822 | |
| | | | | | | | | | | | |
Turkey 4.08% | | | | | | | | | | | | |
Republic of Turkey | | 4.25% | | 4/14/2026 | | | 2,100,000 | | | | 1,894,522 | |
Republic of Turkey | | 5.25% | | 3/13/2030 | | | 1,445,000 | | | | 1,196,947 | |
Republic of Turkey | | 5.75% | | 5/11/2047 | | | 1,250,000 | | | | 889,531 | |
Republic of Turkey | | 5.95% | | 1/15/2031 | | | 500,000 | | | | 424,605 | |
Turkiye Ihracat Kredi Bankasi AS† | | 5.75% | | 7/6/2026 | | | 580,000 | | | | 530,593 | |
Total Turkey | | | | | | | | | | | 4,936,198 | |
| | | | | | | | | | | | |
United Arab Emirates 3.14% | | | | | | | | | | | | |
Abu Dhabi Government International Bond† | | 1.70% | | 3/2/2031 | | | 1,989,000 | | | | 1,679,283 | |
Abu Dhabi Government International Bond† | | 1.875% | | 9/15/2031 | | | 1,000,000 | | | | 845,003 | |
Abu Dhabi Government International Bond† | | 3.125% | | 9/30/2049 | | | 1,000,000 | | | | 750,092 | |
UAE International Government Bond† | | 3.25% | | 10/19/2061 | | | 700,000 | | | | 525,384 | |
Total United Arab Emirates | | | | | | | | | | | 3,799,762 | |
| | | | | | | | | | | | |
Uruguay 2.25% | | | | | | | | | | | | |
Republic of Uruguay | | 4.975% | | 4/20/2055 | | | 1,428,000 | | | | 1,405,107 | |
Republic of Uruguay | | 5.10% | | 6/18/2050 | | | 896,000 | | | | 900,105 | |
Uruguay Government International Bond | | 5.75% | | 10/28/2034 | | | 385,000 | | | | 422,138 | |
Total Uruguay | | | | | | | | | | | 2,727,350 | |
Total Foreign Government Obligations (cost $104,643,376) | | | | | | | | | 82,090,164 | |
Total Long-Term Investments (cost $143,266,582) | | | | | | | | | | | 115,738,820 | |
| |
10 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
SHORT-TERM INVESTMENTS 4.59% | | | | | | | | | | | | |
| | | | | | | | | | | | |
U.S. TREASURY OBLIGATIONS 1.00% | | | | | | | | | | | | |
U.S. Treasury Bill (cost $1,208,490) | | Zero Coupon | | 7/5/2023 | | $ | 1,224,000 | | | $ | 1,209,175 | |
| | | | | | | | | | | | |
REPURCHASE AGREEMENTS 3.59% | | | | | | | | | | | | |
Repurchase Agreement dated 3/31/2023, 2.400% due 4/3/2023 with Fixed Income Clearing Corp. collateralized by $4,448,200 of When Issued U.S Treasury Note at 3.875% due 3/31/2025; value: $4,428,566; proceeds: $4,342,550 (cost $4,341,682) | | | | | | | 4,341,682 | | | | 4,341,682 | |
Total Short-Term Investments (cost $5,550,172) | | | | | | | | | | | 5,550,857 | |
Total Investments in Securities 100.21% (cost $148,816,754) | | | | | | | | | 121,289,677 | |
Other Assets and Liabilities – Net(e) (0.21) | | | | | | | | | | | (251,153 | ) |
Net Assets 100.00% | | | | | | | | | | $ | 121,038,524 | |
| | |
EUR | | Euro. |
CMT | | Constant Maturity 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 March 31, 2023, the total value of Rule 144A securities was $72,175,160, which represents 59.63% of net assets. |
# | | Variable rate security. The interest rate represents the rate in effect at March 31, 2023. |
(a) | | Security is perpetual in nature and has no stated maturity. |
(b) | | Step Bond – Security with a predetermined schedule of interest rate changes. |
(c) | | Investment in non-U.S. dollar denominated securities. |
(d) | | Defaulted (non-income producing security). |
(e) | | Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts, futures contracts and swap contracts as follows: |
Centrally Cleared Credit Default Swap Contracts on Indexes - Buy Protection at March 31, 2023(1):
Referenced Indexes | | Central Clearing Party | | Fund Pays (Quarterly) | | Termination Date | | Notional Amount | | Payments Upfront(2) | | Unrealized Depreciation(3) | | Value |
Markit CDX.NA.HY.38(4)(5) | | Bank of America | | 1.000% | | 12/20/2027 | | $1,300,000 | | $80,200 | | $(15,810) | | $64,390 |
| | |
(1) | | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap contracts agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap contracts and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap contracts 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 Swap Contracts on Indexes amounted to $0. Total unrealized depreciation on Credit Default Swap Contracts on Indexes amounted to $15,810. |
| | |
(4) | | Central Clearinghouse: Intercontinental Exchange (ICE). |
| | |
(5) | | The Referenced Index is for the Credit Default Swap Contracts on Indexes, which is comprised of a basket of high yield securities. |
| | |
| See Notes to Schedule of Investments. | 11 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Forward Foreign Currency Exchange Contracts at March 31, 2023:
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 | | Sell | | State Street Bank and Trust | | 6/13/2023 | | 1,102,000 | | $1,172,440 | | $1,199,837 | | $(27,397) |
Futures Contracts at March 31, 2023:
| | | | | | | | Notional | | | Notional | | | Unrealized | |
Type | | Expiration | | Contracts | | Position | | Amount | | | Value | | | Appreciation | |
U.S. 10-Year Treasury Note | | June 2023 | | 15 | | Long | | $ | 1,675,392 | | | $ | 1,723,828 | | | | $ | 48,436 | |
U.S. 2-Year Treasury Note | | June 2023 | | 29 | | Long | | | 5,926,612 | | | | 5,987,141 | | | | | 60,529 | |
U.S. Long Bond | | June 2023 | | 80 | | Long | | | 10,117,898 | | | | 10,492,500 | | | | | 374,602 | |
Total Unrealized Appreciation on Futures Contracts | | | | | | | | | | | | | $ | 483,567 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | Notional | | | Notional | | | Unrealized | |
Type | | Expiration | | Contracts | | Position | | Amount | | | Value | | | Depreciation | |
Euro-Bund | | June 2023 | | 8 | | Short | | EUR | (1,045,021) | | | EUR | (1,086,720) | | | | $ | (45,222) | |
Euro-Buxl | | June 2023 | | 2 | | Short | | | (262,197) | | | | (281,720) | | | | | (21,173) | |
U.S. 10-Year Ultra Long Bond | | June 2023 | | 89 | | Short | | $ | (10,472,835) | | | $ | (10,781,516) | | | | | (308,681) | |
U.S. 5-Year Treasury Note | | June 2023 | | 17 | | Short | | | (1,825,852) | | | | (1,861,633) | | | | | (35,781) | |
U.S. Treasury Bonds | | June 2023 | | 52 | | Short | | | (7,025,024) | | | | (7,338,500) | | | | | (313,476) | |
Total Unrealized Depreciation on Futures Contracts | | | | | | | | | | | | | | | $ | (724,333) | |
The following is a summary of the inputs used as of March 31, 2023 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 | | $ | – | | | $ | 33,648,656 | | | $ | – | | | $ | 33,648,656 | |
Foreign Government Obligations | | | – | | | | 82,090,164 | | | | – | | | | 82,090,164 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Repurchase Agreements | | | – | | | | 4,341,682 | | | | – | | | | 4,341,682 | |
U.S. Treasury Obligations | | | – | | | | 1,209,175 | | | | – | | | | 1,209,175 | |
Total | | $ | – | | | $ | 121,289,677 | | | $ | – | | | $ | 121,289,677 | |
| |
12 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2023
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Centrally Cleared Credit Default Swap Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | – | | | $ | 64,390 | | | $ | – | | | $ | 64,390 | |
Liabilities | | | – | | | | – | | | | – | | | | – | |
Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | | | | | |
Assets | | | – | | | | – | | | | – | | | | – | |
Liabilities | | | – | | | | (27,397 | ) | | | – | | | | (27,397 | ) |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | | 483,567 | | | | – | | | | – | | | | 483,567 | |
Liabilities | | | (724,333 | ) | | | – | | | | – | | | | (724,333 | ) |
Total | | $ | (240,766 | ) | | $ | 36,993 | | | $ | – | | | $ | (203,773 | ) |
| | |
(1) | | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | | See Notes to 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. 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.
| See Notes to Schedule of Investments. | 13 |
Schedule of Investments (unaudited)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
| | | | | | | | | Fair | |
Investments | | | | | | Shares | | | Value | |
LONG-TERM INVESTMENTS 93.15% | | | | | | | | | | | | |
| | | | | | | | | | | | |
COMMON STOCKS 0.29% | | | | | | | | | | | | |
| | | | | | | | | | | | |
China 0.08% | | | | | | | | | | | | |
Broadline Retail | | | | | | | | | | | | |
Alibaba Group Holding Ltd. ADR* | | | | | | | 331 | | | $ | 33,822 | |
| | | | | | | | | | | | |
United States 0.21% | | | | | | | | | | | | |
Chemicals 0.14% | | | | | | | | | | | | |
Mosaic Co. (The) | | | | | | | 1,291 | | | | 59,231 | |
Food Products 0.07% | | | | | | | | | | | | |
Archer-Daniels-Midland Co. | | | | | | | 412 | | | | 32,820 | |
Total United States | | | | | | | | | | | 92,051 | |
Total Common Stocks (cost $145,497) | | | | | | | | | | | 125,873 | |
| | | | | | | | | | | | |
| | | Interest | | Maturity | | | Principal | | | | | |
| | | Rate | | Date | | | Amount | | | | | |
| | | | | | | | | | | | |
CONVERTIBLE BONDS 0.62% | | | | | | | | | | | | |
| | | | | | | | | | | | |
China 0.11% | | | | | | | | | | | | |
Internet | | | | | | | | | | | | |
PDD Holdings, Inc. | | Zero Coupon | | 12/1/2025 | | $ | 49,000 | | | | 46,452 | |
| | | | | | | | | | | | |
Macau 0.51% | | | | | | | | | | | | |
Lodging | | | | | | | | | | | | |
Wynn Macau Ltd.† | | 4.50% | | 3/7/2029 | | | 200,000 | | | | 217,800 | |
Total Convertible Bonds (cost $245,964) | | | | | | | | | | | 264,252 | |
| | | | | | | | | | | | |
CORPORATE BONDS 89.10% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Argentina 2.59% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Electric 0.75% | | | | | | | | | | | | |
Pampa Energia SA† | | 9.125% | | 4/15/2029 | | | 350,000 | | | | 318,096 | |
| | | | | | | | | | | | |
Energy-Alternate Sources 0.54% | | | | | | | | | | | | |
YPF Energia Electrica SA† | | 10.00% | | 7/25/2026 | | | 262,000 | | | | 231,988 | |
| | | | | | | | | | | | |
Oil & Gas 1.30% | | | | | | | | | | | | |
YPF SA† | | 6.95% | | 7/21/2027 | | | 750,000 | | | | 557,857 | |
Total Argentina | | | | | | | | | | | 1,107,941 | |
| |
14 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
| | Interest | | Maturity | | Principal | | | Fair | |
Investments | | Rate | | Date | | Amount | | | Value | |
Brazil 3.25% | | | | | | | | | | | | |
Commercial Services 0.51% | | | | | | | | | | | | |
Movida Europe SA† | | 5.25% | | 2/8/2031 | | $ | 300,000 | | | $ | 218,475 | |
Engineering & Construction 0.42% | | | | | | | | | | | | |
Sitios Latinoamerica SAB de CV† | | 5.375% | | 4/4/2032 | | | 200,000 | | | | 178,939 | |
Forest Products & Paper 0.42% | | | | | | | | | | | | |
Suzano Austria GmbH | | 3.125% | | 1/15/2032 | | | 219,000 | | | | 179,365 | |
Iron-Steel 0.80% | | | | | | | | | | | | |
CSN Inova Ventures† | | 6.75% | | 1/28/2028 | | | 200,000 | | | | 188,052 | |
CSN Resources SA† | | 4.625% | | 6/10/2031 | | | 200,000 | | | | 154,184 | |
| | | | | | | | | | | 342,236 | |
Media 0.37% | | | | | | | | | | | | |
Globo Comunicacao e Participacoes SA | | 5.50% | | 1/14/2032 | | | 200,000 | | | | 159,742 | |
Oil & Gas 0.73% | | | | | | | | | | | | |
MC Brazil Downstream Trading Sarl† | | 7.25% | | 6/30/2031 | | | 396,575 | | | | 312,005 | |
Total Brazil | | | | | | | | | | | 1,390,762 | |
| | | | | | | | | | | | |
Chile 3.65% | | | | | | | | | | | | |
Banks 0.87% | | | | | | | | | | | | |
Banco de Credito e Inversiones SA† | | 3.50% | | 10/12/2027 | | | 200,000 | | | | 182,350 | |
Banco Santander Chile† | | 2.70% | | 1/10/2025 | | | 200,000 | | | | 191,400 | |
| | | | | | | | | | | 373,750 | |
Chemicals 0.33% | | | | | | | | | | | | |
Sociedad Quimica y Minera de Chile SA† | | 3.50% | | 9/10/2051 | | | 200,000 | | | | 140,092 | |
Electric 0.86% | | | | | | | | | | | | |
Alfa Desarrollo SpA† | | 4.55% | | 9/27/2051 | | | 248,768 | | | | 182,631 | |
Colbun SA | | 3.95% | | 10/11/2027 | | | 200,000 | | | | 187,150 | |
| | | | | | | | | | | 369,781 | |
Engineering & Construction 0.40% | | | | | | | | | | | | |
ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Par | | 4.05% | | 4/27/2026 | | | 200,000 | | | | 172,133 | |
Mining 0.85% | | | | | | | | | | | | |
Antofagasta plc† | | 2.375% | | 10/14/2030 | | | 200,000 | | | | 159,879 | |
Corp. Nacional del Cobre de Chile† | | 5.125% | | 2/2/2033 | | | 200,000 | | | | 202,187 | |
| | | | | | | | | | | 362,066 | |
Pipelines 0.34% | | | | | | | | | | | | |
GNL Quintero SA† | | 4.634% | | 7/31/2029 | | | 152,960 | | | | 146,626 | |
Total Chile | | | | | | | | | | | 1,564,448 | |
| | |
| See Notes to Schedule of Investments. | 15 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
| | Interest | | Maturity | | Principal | | | Fair | |
Investments | | Rate | | Date | | Amount | | | Value | |
China 8.63% | | | | | | | | | | | | |
Building Materials 0.38% | | | | | | | | | | | | |
West China Cement Ltd. | | 4.95% | | 7/8/2026 | | $ | 200,000 | | | $ | 161,772 | |
Diversified Financial Services 0.87% | | | | | | | | | | | | |
BOC Aviation Ltd. | | 3.50% | | 9/18/2027 | | | 400,000 | | | | 374,770 | |
Gas 0.84% | | | | | | | | | | | | |
ENN Clean Energy International Investment Ltd.† | | 3.375% | | 5/12/2026 | | | 400,000 | | | | 360,165 | |
Internet 3.57% | | | | | | | | | | | | |
Baidu, Inc. | | 2.375% | | 10/9/2030 | | | 200,000 | | | | 164,713 | |
Meituan † | | 2.125% | | 10/28/2025 | | | 300,000 | | | | 274,492 | |
Prosus NV | | 3.061% | | 7/13/2031 | | | 200,000 | | | | 157,604 | |
Prosus NV† | | 3.257% | | 1/19/2027 | | | 200,000 | | | | 181,944 | |
Prosus NV† | | 3.832% | | 2/8/2051 | | | 400,000 | | | | 257,177 | |
Tencent Holdings Ltd. | | 3.925% | | 1/19/2038 | | | 400,000 | | | | 333,582 | |
Weibo Corp. | | 3.375% | | 7/8/2030 | | | 200,000 | | | | 162,834 | |
| | | | | | | | | | | 1,532,346 | |
Investment Companies 1.04% | | | | | | | | | | | | |
Huarong Finance 2019 Co. Ltd. | | 3.375% | | 2/24/2030 | | | 400,000 | | | | 272,500 | |
Huarong Finance II Co. Ltd. | | 5.00% | | 11/19/2025 | | | 200,000 | | | | 173,525 | |
| | | | | | | | | | | 446,025 | |
Real Estate 1.57% | | | | | | | | | | | | |
Country Garden Holdings Co. Ltd. | | 3.30% | | 1/12/2031 | | | 500,000 | | | | 229,308 | |
Country Garden Holdings Co. Ltd. | | 3.875% | | 10/22/2030 | | | 200,000 | | | | 92,521 | |
Kaisa Group Holdings Ltd.(a)† | | 11.95% | | 10/22/2022 | | | 400,000 | | | | 49,261 | |
Longfor Group Holdings Ltd. | | 3.95% | | 9/16/2029 | | | 200,000 | | | | 147,592 | |
Ronshine China Holdings Ltd.(a) | | 8.10% | | 6/9/2023 | | | 200,000 | | | | 15,600 | |
Shimao Group Holdings Ltd. | | 3.45% | | 1/11/2031 | | | 200,000 | | | | 28,144 | |
Sunac China Holdings Ltd. | | 7.50% | | 2/1/2024 | | | 450,000 | | | | 109,574 | |
| | | | | | | | | | | 672,000 | |
Telecommunications 0.36% | | | | | | | | | | | | |
Xiaomi Best Time International Ltd. | | 2.875% | | 7/14/2031 | | | 200,000 | | | | 152,505 | |
Total China | | | | | | | | | | | 3,699,583 | |
| | | | | | | | | | | | |
Colombia 4.23% | | | | | | | | | | | | |
Banks 1.30% | | | | | | | | | | | | |
Banco de Bogota SA† | | 6.25% | | 5/12/2026 | | | 400,000 | | | | 389,200 | |
Bancolombia SA | | 4.625% (5 Yr. Treasury CMT + 2.94%) | # | 12/18/2029 | | | 200,000 | | | | 168,199 | |
| | | | | | | | | | | 557,399 | |
| |
16 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
| | Interest | | Maturity | | Principal | | | Fair | |
Investments | | Rate | | Date | | Amount | | | Value | |
Colombia (continued) | | | | | | | | | | | | |
Oil & Gas 2.01% | | | | | | | | | | | | |
Ecopetrol SA | | 5.375% | | 6/26/2026 | | $ | 235,000 | | | $ | 224,640 | |
Ecopetrol SA | | 5.875% | | 11/2/2051 | | | 302,000 | | | | 204,454 | |
Ecopetrol SA | | 8.875% | | 1/13/2033 | | | 275,000 | | | | 278,575 | |
SierraCol Energy Andina LLC† | | 6.00% | | 6/15/2028 | | | 200,000 | | | | 154,320 | |
| | | | | | | | | | | 861,989 | |
Pipelines 0.92% | | | | | | | | | | | | |
AI Candelaria Spain SA† | | 5.75% | | 6/15/2033 | | | 250,000 | | | | 177,500 | |
AI Candelaria Spain SA | | 7.50% | | 12/15/2028 | | | 235,417 | | | | 215,033 | |
| | | | | | | | | | | 392,533 | |
Total Colombia | | | | | | | | | | | 1,811,921 | |
| | | | | | | | | | | | |
Dominican Republic 0.85% | | | | | | | | | | | | |
Energy-Alternate Sources | | | | | | | | | | | | |
Empresa Generadora de Electricidad Haina SA† | | 5.625% | | 11/8/2028 | | | 408,000 | | | | 364,330 | |
| | | | | | | | | | | | |
Ghana 0.39% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Kosmos Energy Ltd.† | | 7.75% | | 5/1/2027 | | | 200,000 | | | | 168,226 | |
| | | | | | | | | | | | |
Guatemala 0.39% | | | | | | | | | | | | |
Telecommunications | | | | | | | | | | | | |
CT Trust† | | 5.125% | | 2/3/2032 | | | 200,000 | | | | 167,500 | |
| | | | | | | | | | | | |
Hong Kong 0.43% | | | | | | | | | | | | |
Equity Real Estate | | | | | | | | | | | | |
New World China Land Ltd. | | 4.75% | | 1/23/2027 | | | 200,000 | | | | 186,144 | |
| | | | | | | | | | | | |
India 4.10% | | | | | | | | | | | | |
Commercial Services 0.45% | | | | | | | | | | | | |
Adani Ports & Special Economic Zone Ltd.† | | 3.10% | | 2/2/2031 | | | 300,000 | | | | 193,519 | |
Electric 0.58% | | | | | | | | | | | | |
Adani Transmission Step-One Ltd.† | | 4.00% | | 8/3/2026 | | | 300,000 | | | | 250,157 | |
Energy-Alternate Sources 0.40% | | | | | | | | | | | | |
Greenko Dutch BV† | | 3.85% | | 3/29/2026 | | | 188,000 | | | | 169,087 | |
Engineering & Construction 0.55% | | | | | | | | | | | | |
Summit Digitel Infrastructure Ltd.† | | 2.875% | | 8/12/2031 | | | 300,000 | | | | 234,479 | |
Iron-Steel 0.38% | | | | | | | | | | | | |
JSW Steel Ltd. | | 5.05% | | 4/5/2032 | | | 200,000 | | | | 163,903 | |
Mining 0.58% | | | | | | | | | | | | |
Vedanta Resources Finance II PLC | | 8.95% | | 3/11/2025 | | | 400,000 | | | | 247,371 | |
| | |
| See Notes to Schedule of Investments. | 17 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
| | Interest | | Maturity | | Principal | | | Fair | |
Investments | | Rate | | Date | | Amount | | | Value | |
India (continued) | | | | | | | | | | | | |
Oil & Gas 0.58% | | | | | | | | | | | | |
Reliance Industries Ltd.† | | 2.875% | | 1/12/2032 | | $ | 300,000 | | | $ | 249,603 | |
Transportation 0.58% | | | | | | | | | | | | |
Indian Railway Finance Corp. Ltd. | | 2.80% | | 2/10/2031 | | | 300,000 | | | | 247,589 | |
Total India | | | | | | | | | | | 1,755,708 | |
| | | | | | | | | | | | |
Indonesia 5.01% | | | | | | | | | | | | |
Coal 1.16% | | | | | | | | | | | | |
Indika Energy Capital IV Pte Ltd. | | 8.25% | | 10/22/2025 | | | 500,000 | | | | 494,410 | |
Electric 1.68% | | | | | | | | | | | | |
Cikarang Listrindo Tbk PT† | | 4.95% | | 9/14/2026 | | | 200,000 | | | | 190,700 | |
Minejesa Capital BV† | | 4.625% | | 8/10/2030 | | | 600,000 | | | | 530,152 | |
| | | | | | | | | | | 720,852 | |
Mining 1.75% | | | | | | | | | | | | |
Bukit Makmur Mandiri Utama PT† | | 7.75% | | 2/10/2026 | | | 200,000 | | | | 171,950 | |
Freeport Indonesia PT† | | 4.763% | | 4/14/2027 | | | 200,000 | | | | 195,583 | |
Freeport Indonesia PT | | 5.315% | | 4/14/2032 | | | 200,000 | | | | 187,218 | |
Indonesia Asahan Aluminium Persero PT | | 5.45% | | 5/15/2030 | | | 200,000 | | | | 196,457 | |
| | | | | | | | | | | 751,208 | |
Oil & Gas 0.42% | | | | | | | | | | | | |
Medco Bell Pte Ltd.† | | 6.375% | | 1/30/2027 | | | 200,000 | | | | 180,333 | |
Total Indonesia | | | | | | | | | | | 2,146,803 | |
| | | | | | | | | | | | |
Israel 3.75% | | | | | | | | | | | | |
Banks 1.26% | | | | | | | | | | | | |
Bank Hapoalim BM† | | 3.255% (5 Yr. Treasury CMT + 2.16%) | # | 1/21/2032 | | | 200,000 | | | | 167,100 | |
Bank Leumi Le-Israel BM† | | 3.275% (5 Yr. Treasury CMT + 1.63%) | # | 1/29/2031 | | | 200,000 | | | | 174,578 | |
Bank Leumi Le-Israel BM† | | 5.125% | | 7/27/2027 | | | 200,000 | | | | 196,010 | |
| | | | | | | | | | | 537,688 | |
Pharmaceuticals 2.49% | | | | | | | | | | | | |
Teva Pharmaceutical Finance Netherlands II BV(b) | | 7.375% | | 9/15/2029 | | EUR | 300,000 | | | | 330,386 | |
Teva Pharmaceutical Finance Netherlands III BV | | 3.15% | | 10/1/2026 | | $ | 600,000 | | | | 543,588 | |
Teva Pharmaceutical Finance Netherlands III BV | | 4.10% | | 10/1/2046 | | | 292,000 | | | | 194,839 | |
| | | | | | | | | | | 1,068,813 | |
Total Israel | | | | | | | | | | | 1,606,501 | |
| |
18 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
| | Interest | | Maturity | | Principal | | | Fair | |
Investments | | Rate | | Date | | Amount | | | Value | |
Kazakhstan 1.05% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Tengizchevroil Finance Co. International Ltd.† | | 3.25% | | 8/15/2030 | | $ | 600,000 | | | $ | 451,500 | |
| | | | | | | | | | | | |
Kuwait 2.70% | | | | | | | | | | | | |
Banks 1.05% | | | | | | | | | | | | |
NBK SPC Ltd.† | | 1.625% (SOFR + 1.05%) | # | 9/15/2027 | | | 200,000 | | | | 178,068 | |
NBK Tier 1 Financing 2 Ltd.† | | 4.50% (6 Yr. Treasury CMT + 2.83%) | # | — | (c) | | 300,000 | | | | 272,868 | |
| | | | | | | | | | | 450,936 | |
Chemicals 1.65% | | | | | | | | | | | | |
Equate Petrochemical BV† | | 2.625% | | 4/28/2028 | | | 800,000 | | | | 706,574 | |
Total Kuwait | | | | | | | | | | | 1,157,510 | |
| | | | | | | | | | | | |
Macau 3.71% | | | | | | | | | | | | |
Lodging | | | | | | | | | | | | |
MGM China Holdings Ltd. | | 4.75% | | 2/1/2027 | | | 200,000 | | | | 179,377 | |
MGM China Holdings Ltd. | | 4.75% | | 2/1/2027 | | | 200,000 | | | | 179,377 | |
Sands China Ltd. | | 5.625% | | 8/8/2025 | | | 200,000 | | | | 195,108 | |
Sands China Ltd. | | 5.90% | | 8/8/2028 | | | 400,000 | | | | 380,049 | |
Studio City Finance Ltd. | | 5.00% | | 1/15/2029 | | | 400,000 | | | | 307,514 | |
Studio City Finance Ltd. | | 6.00% | | 7/15/2025 | | | 200,000 | | | | 183,496 | |
Wynn Macau Ltd. | | 5.125% | | 12/15/2029 | | | 200,000 | | | | 164,041 | |
Total Macau | | | | | | | | | | | 1,588,962 | |
| | | | | | | | | | | | |
Malaysia 2.13% | | | | | | | | | | | | |
Oil & Gas 1.24% | | | | | | | | | | | | |
Petronas Capital Ltd. | | 2.48% | | 1/28/2032 | | | 200,000 | | | | 170,466 | |
Petronas Energy Canada Ltd.† | | 2.112% | | 3/23/2028 | | | 400,000 | | | | 361,858 | |
| | | | | | | | | | | 532,324 | |
Transportation 0.89% | | | | | | | | | | | | |
Misc Capital Two Labuan Ltd. | | 3.75% | | 4/6/2027 | | | 400,000 | | | | 378,507 | |
Total Malaysia | | | | | | | | | | | 910,831 | |
| | | | | | | | | | | | |
Mexico 2.91% | | | | | | | | | | | | |
Electric 0.94% | | | | | | | | | | | | |
Comision Federal de Electricidad† | | 4.688% | | 5/15/2029 | | | 450,000 | | | | 404,037 | |
Mining 0.59% | | | | | | | | | | | | |
Industrias Penoles SAB de CV† | | 4.75% | | 8/6/2050 | | | 200,000 | | | | 156,917 | |
Southern Copper Corp. | | 5.25% | | 11/8/2042 | | | 100,000 | | | | 95,810 | |
| | | | | | | | | | | 252,727 | |
| | |
| See Notes to Schedule of Investments. | 19 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
| | Interest | | Maturity | | Principal | | | Fair | |
Investments | | Rate | | Date | | Amount | | | Value | |
Mexico (continued) | | | | | | | | | | | | |
Oil & Gas 0.20% | | | | | | | | | | | | |
Petroleos Mexicanos | | 6.49% | | 1/23/2027 | | $ | 93,000 | | | $ | 84,405 | |
REITS 1.18% | | | | | | | | | | | | |
CIBANCO SA Institucion de Banca Multiple | | | | | | | | | | | | |
Trust CIB/3332† | | 4.375% | | 7/22/2031 | | | 200,000 | | | | 147,891 | |
Trust Fibra Uno† | | 4.869% | | 1/15/2030 | | | 200,000 | | | | 169,800 | |
Trust Fibra Uno | | 5.25% | | 1/30/2026 | | | 200,000 | | | | 189,352 | |
| | | | | | | | | | | 507,043 | |
Total Mexico | | | | | | | | | | | 1,248,212 | |
| | | | | | | | | | | | |
Morocco 1.66% | | | | | | | | | | | | |
Chemicals | | | | | | | | | | | | |
OCP SA† | | 3.75% | | 6/23/2031 | | | 868,000 | | | | 713,366 | |
| | | | | | | | | | | | |
Nigeria 0.49% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
BOI FINANCE BV†(b) | | 7.50% | | 2/16/2027 | | EUR | 250,000 | | | | 210,979 | |
| | | | | | | | | | | | |
Oman 0.67% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
OQ SAOC† | | 5.125% | | 5/6/2028 | | $ | 300,000 | | | | 286,177 | |
| | | | | | | | | | | | |
Panama 0.75% | | | | | | | | | | | | |
Engineering & Construction 0.36% | | | | | | | | | | | | |
Aeropuerto Internacional de Tocumen SA† | | 5.125% | | 8/11/2061 | | | 200,000 | | | | 155,751 | |
Media 0.39% | | | | | | | | | | | | |
Telecomunicaciones Digitales SA† | | 4.50% | | 1/30/2030 | | | 200,000 | | | | 165,610 | |
Total Panama | | | | | | | | | | | 321,361 | |
| | | | | | | | | | | | |
Paraguay 0.42% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
Banco Continental SAECA† | | 2.75% | | 12/10/2025 | | | 200,000 | | | | 177,726 | |
| | | | | | | | | | | | |
Peru 1.60% | | | | | | | | | | | | |
Banks 0.81% | | | | | | | | | | | | |
Banco de Credito del Peru SA† | | 3.25% (5 Yr. Treasury CMT + 2.45%) | # | 9/30/2031 | | | 400,000 | | | | 345,475 | |
Diversified Financial Services 0.39% | | | | | | | | | | | | |
Intercorp Peru Ltd.† | | 3.875% | | 8/15/2029 | | | 200,000 | | | | 166,754 | |
Retail 0.40% | | | | | | | | | | | | |
InRetail Consumer† | | 3.25% | | 3/22/2028 | | | 200,000 | | | | 173,143 | |
Total Peru | | | | | | | | | | | 685,372 | |
| |
20 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Philippines 0.42% | | | | | | | | | | | | |
Holding Companies-Diversified | | | | | | | | | | | | |
San Miguel Corp. | | 5.50% (5 Yr. Treasury CMT + 10.24% | )# | — | (c) | $ | 200,000 | | | $ | 180,640 | |
| | | | | | | | | | | | |
Qatar 3.86% | | | | | | | | | | | | |
Banks 1.53% | | | | | | | | | | | | |
QNB Finance Ltd. | | 2.625% | | 5/12/2025 | | | 400,000 | | | | 380,955 | |
QNB Finance Ltd. | | 2.75% | | 2/12/2027 | | | 300,000 | | | | 277,283 | |
| | | | | | | | | | | 658,238 | |
Gas 0.32% | | | | | | | | | | | | |
Nakilat, Inc.† | | 6.267% | | 12/31/2033 | | | 128,666 | | | | 135,373 | |
Oil & Gas 0.79% | | | | | | | | | | | | |
QatarEnergy† | | 2.25% | | 7/12/2031 | | | 400,000 | | | | 340,382 | |
Telecommunications 1.22% | | | | | | | | | | | | |
Ooredoo International Finance Ltd.† | | 2.625% | | 4/8/2031 | | | 600,000 | | | | 521,242 | |
Total Qatar | | | | | | | | | | | 1,655,235 | |
| | | | | | | | | | | | |
Russia 0.00% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
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) |
Total Russia | | | | | | | | | | | — | |
| | | | | | | | | | | | |
Saudi Arabia 4.95% | | | | | | | | | | | | |
Electric 1.10% | | | | | | | | | | | | |
Acwa Power Management and Investments One Ltd.† | | 5.95% | | 12/15/2039 | | | 199,600 | | | | 190,273 | |
Saudi Electricity Global Sukuk Co. 5 | | 1.74% | | 9/17/2025 | | | 300,000 | | | | 278,841 | |
| | | | | | | | | | | 469,114 | |
Oil & Gas 2.56% | | | | | | | | | | | | |
SA Global Sukuk Ltd.† | | 2.694% | | 6/17/2031 | | | 450,000 | | | | 395,411 | |
Saudi Arabian Oil Co. | | 2.25% | | 11/24/2030 | | | 500,000 | | | | 422,828 | |
Saudi Arabian Oil Co.† | | 3.25% | | 11/24/2050 | | | 400,000 | | | | 279,614 | |
| | | | | | | | | | | 1,097,853 | |
Pipelines 1.29% | | | | | | | | | | | | |
EIG Pearl Holdings Sarl† | | 3.545% | | 8/31/2036 | | | 400,000 | | | | 343,276 | |
TMS Issuer Sarl† | | 5.78% | | 8/23/2032 | | | 200,000 | | | | 208,904 | |
| | | | | | | | | | | 552,180 | |
Total Saudi Arabia | | | | | | | | | | | 2,119,147 | |
| See Notes to Schedule of Investments. | 21 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Singapore 1.36% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
DBS Group Holdings Ltd. | | 1.822% (5 Yr. Treasury CMT + 1.10%) | # | 3/10/2031 | | $ | 450,000 | | | $ | 406,137 | |
United Overseas Bank Ltd.† | | 2.00% (5 Yr. Treasury CMT + 1.23%) | # | 10/14/2031 | | | 200,000 | | | | 177,339 | |
Total Singapore | | | | | | | | | | | 583,476 | |
| | | | | | | | | | | | |
South Africa 2.33% | | | | | | | | | | | | |
Chemicals 0.78% | | | | | | | | | | | | |
Sasol Financing USA LLC | | 5.50% | | 3/18/2031 | | | 400,000 | | | | 334,921 | |
Electric 0.92% | | | | | | | | | | | | |
Eskom Holdings SOC Ltd.† | | 7.125% | | 2/11/2025 | | | 400,000 | | | | 393,572 | |
Mining 0.63% | | | | | | | | | | | | |
Stillwater Mining Co. | | 4.00% | | 11/16/2026 | | | 300,000 | | | | 268,860 | |
Total South Africa | | | | | | | | | | | 997,353 | |
| | | | | | | | | | | | |
South Korea 3.13% | | | | | | | | | | | | |
Banks 0.44% | | | | | | | | | | | | |
Woori Bank | | 4.25% (5 Yr. Treasury CMT + 2.66%) | # | — | (c) | | 200,000 | | | | 189,000 | |
Electric 1.53% | | | | | | | | | | | | |
Korea East-West Power Co. Ltd.† | | 3.60% | | 5/6/2025 | | | 200,000 | | | | 194,933 | |
Korea Hydro & Nuclear Power Co. Ltd.† | | 4.25% | | 7/27/2027 | | | 200,000 | | | | 196,907 | |
Korea Midland Power Co. Ltd. | | 1.25% | | 8/9/2026 | | | 300,000 | | | | 265,249 | |
| | | | | | | | | | | 657,089 | |
Energy-Alternate Sources 0.69% | | | | | | | | | | | | |
Hanwha Energy USA Holdings Corp.† | | 4.125% | | 7/5/2025 | | | 300,000 | | | | 293,849 | |
Iron-Steel 0.47% | | | | | | | | | | | | |
POSCO† | | 5.625% | | 1/17/2026 | | | 200,000 | | | | 202,411 | |
Total South Korea | | | | | | | | | | | 1,342,349 | |
| | | | | | | | | | | | |
Supranational 0.73% | | | | | | | | | | | | |
Multi-National | | | | | | | | | | | | |
African Export-Import Bank (The)† | | 2.634% | | 5/17/2026 | | | 350,000 | | | | 312,956 | |
| | | | | | | | | | | | |
Taiwan 1.80% | | | | | | | | | | | | |
Semiconductors | | | | | | | | | | | | |
TSMC Arizona Corp. | | 4.125% | | 4/22/2029 | | | 250,000 | | | | 246,242 | |
TSMC Global Ltd.† | | 1.75% | | 4/23/2028 | | | 200,000 | | | | 175,793 | |
TSMC Global Ltd.† | | 4.375% | | 7/22/2027 | | | 350,000 | | | | 351,295 | |
Total Taiwan | | | | | | | | | | | 773,330 | |
22 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Thailand 4.31% | | | | | | | | | | | | |
Banks 1.37% | | | | | | | | | | | | |
Bangkok Bank PCL | | 3.733% (5 Yr. Treasury CMT + 1.90%) | # | 9/25/2034 | | $ | 400,000 | | | $ | 339,858 | |
Bangkok Bank pcl † | | 3.466% (5 Yr. Treasury CMT + 2.15%) | # | 9/23/2036 | | | 300,000 | | | | 245,476 | |
| | | | | | | | | | | 585,334 | |
Chemicals 0.77% | | | | | | | | | | | | |
GC Treasury Center Co. Ltd.† | | 2.98% | | 3/18/2031 | | | 400,000 | | | | 328,308 | |
Oil & Gas 2.17% | | | | | | | | | | | | |
PTTEP Treasury Center Co. Ltd.† | | 2.993% | | 1/15/2030 | | | 550,000 | | | | 486,716 | |
Thaioil Treasury Center Co. Ltd.† | | 2.50% | | 6/18/2030 | | | 400,000 | | | | 322,426 | |
Thaioil Treasury Center Co. Ltd.† | | 3.50% | | 10/17/2049 | | | 200,000 | | | | 122,973 | |
| | | | | | | | | | | 932,115 | |
Total Thailand | | | | | | | | | | | 1,845,757 | |
| | | | | | | | | | | | |
Turkey 3.24% | | | | | | | | | | | | |
Banks 1.48% | | | | | | | | | | | | |
Akbank TAS† | | 5.125% | | 3/31/2025 | | | 450,000 | | | | 434,799 | |
Akbank TAS | | 6.797% (5 Yr. Swap rate + 4.03%) | # | 4/27/2028 | | | 200,000 | | | | 200,017 | |
| | | | | | | | | | | 634,816 | |
Commercial Services 0.38% | | | | | | | | | | | | |
Limak Iskenderun Uluslararasi Liman Isletmeciligi AS† | | 9.50% | | 7/10/2036 | | | 199,938 | | | | 163,893 | |
Holding Companies-Diversified 0.93% | | | | | | | | | | | | |
KOC Holding AS | | 6.50% | | 3/11/2025 | | | 400,000 | | | | 397,996 | |
Oil & Gas 0.45% | | | | | | | | | | | | |
Turkiye Petrol Rafinerileri AS | | 4.50% | | 10/18/2024 | | | 200,000 | | | | 192,569 | |
Total Turkey | | | | | | | | | | | 1,389,274 | |
| | | | | | | | | | | | |
Ukraine 0.28% | | | | | | | | | | | | |
Telecommunications | | | | | | | | | | | | |
VF Ukraine PAT via VFU Funding plc | | 6.20% | | 2/11/2025 | | | 200,000 | | | | 119,000 | |
| | | | | | | | | | | | |
United Arab Emirates 3.80% | | | | | | | | | | | | |
Banks 1.11% | | | | | | | | | | | | |
Fab Sukuk Co. Ltd. | | 2.50% | | 1/21/2025 | | | 300,000 | | | | 287,451 | |
First Abu Dhabi Bank PJSC | | 4.50% (5 Yr. Treasury CMT + 4.14%) | # | — | (c) | | 200,000 | | | | 188,466 | |
| | | | | | | | | | | 475,917 | |
| See Notes to Schedule of Investments. | 23 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United Arab Emirates (continued) | | | | | | | | | | | | |
Commercial Services 0.52% | | | | | | | | | | | | |
DP World Ltd. † | | 6.85% | | 7/2/2037 | | $ | 200,000 | | | $ | 223,188 | |
Electric 0.42% | | | | | | | | | | | | |
Abu Dhabi National Energy Co. PJSC† | | 2.00% | | 4/29/2028 | | | 200,000 | | | | 177,726 | |
Energy-Alternate Sources 0.37% | | | | | | | | | | | | |
Sweihan PV Power Co. PJSC† | | 3.625% | | 1/31/2049 | | | 194,716 | | | | 160,201 | |
Equity Real Estate 0.46% | | | | | | | | | | | | |
MAF Sukuk Ltd. | | 4.50% | | 11/3/2025 | | | 200,000 | | | | 197,549 | |
Pipelines 0.92% | | | | | | | | | | | | |
Galaxy Pipeline Assets Bidco Ltd.† | | 3.25% | | 9/30/2040 | | | 500,000 | | | | 395,415 | |
Total United Arab Emirates | | | | | | | | | | | 1,629,996 | |
| | | | | | | | | | | | |
United Kingdom 2.16% | | | | | | | | | | | | |
Banks 0.96% | | | | | | | | | | | | |
Standard Chartered plc† | | 6.301% (1 Yr. Treasury CMT + 2.45%) | # | 1/9/2029 | | | 400,000 | | | | 409,156 | |
Retail 1.20% | | | | | | | | | | | | |
CK Hutchison International 21 Ltd. | | 2.50% | | 4/15/2031 | | | 600,000 | | | | 515,869 | |
Total United Kingdom | | | | | | | | | | | 925,025 | |
| | | | | | | | | | | | |
United States 0.18% | | | | | | | | | | | | |
Chemicals | | | | | | | | | | | | |
CVR Partners LP/CVR Nitrogen Finance Corp.† | | 6.125% | | 6/15/2028 | | | 88,000 | | | | 78,109 | |
| | | | | | | | | | | | |
Zambia 1.19% | | | | | | | | | | | | |
Mining | | | | | | | | | | | | |
First Quantum Minerals Ltd. | | 6.875% | | 3/1/2026 | | | 300,000 | | | | 291,294 | |
First Quantum Minerals Ltd.† | | 7.50% | | 4/1/2025 | | | 220,000 | | | | 220,040 | |
Total Zambia | | | | | | | | | | | 511,334 | |
Total Corporate Bonds (cost $42,879,293) | | | | | | | | | | | 38,184,844 | |
| | | | | | | | | | | | |
FOREIGN GOVERNMENT OBLIGATIONS 3.14% | | | | | | | | | | | | |
| | | | | | | | | | | | |
South Korea 1.86% | | | | | | | | | | | | |
Korea Housing Finance Corp.† | | 4.625% | | 2/24/2028 | | | 200,000 | | | | 200,146 | |
Korea National Oil Corp.† | | 4.75% | | 4/3/2026 | | | 600,000 | | | | 596,898 | |
Total South Korea | | | | | | | | | | | 797,044 | |
| | | | | | | | | | | | |
Turkey 1.28% | | | | | | | | | | | | |
Turkiye Ihracat Kredi Bankasi AS† | | 5.75% | | 7/6/2026 | | | 600,000 | | | | 548,890 | |
Total Foreign Government Obligations (cost $1,362,168) | | | | | | | | | 1,345,934 | |
Total Long-Term Investments (cost $44,632,922) | | | | | | | | | | | 39,920,903 | |
24 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
SHORT-TERM INVESTMENTS 5.37% | | | | | | | | | | | | |
| | | | | | | | | | | | |
U.S. TREASURY OBLIGATIONS 5.37% | | | | | | | | | | | | |
U.S. Treasury Bill | | Zero Coupon | | 7/5/2023 | | $ | 2,330,000 | | | $ | 2,301,780 | |
Total Investments in Securities 98.52% (cost $46,933,000) | | | | | | | | | 42,222,683 | |
Other Assets and Liabilities – Net(e) 1.48 | | | | | | | | | | | 635,791 | |
Net Assets 100.00% | | | | | | | | | | $ | 42,858,474 | |
| EUR | | Euro. |
| ADR | | American Depositary Receipt. |
| CMT | | Constant Maturity Rate. |
| REITS | | Real Estate Investment Trusts. |
| 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 March 31, 2023, the total value of Rule 144A securities was $24,102,311, which represents 56.24% of net assets. |
| # | | Variable rate security. The interest rate represents the rate in effect at March 31, 2023. |
| (a) | | Defaulted (non-income producing security). |
| (b) | | Investment in non-U.S. dollar denominated securities. |
| (c) | | Security is perpetual in nature and has no stated maturity. |
| (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) | | Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts and futures contracts as follows: |
| See Notes to Schedule of Investments. | 25 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
Forward Foreign Currency Exchange Contracts at March 31, 2023:
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 | | Morgan Stanley | | 6/13/2023 | | 12,000 | | $ | 12,838 | | | $ | 13,065 | | | $ | 227 | |
| | | | | | | | | | | | | | | | | | | | |
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 | | Sell | | State Street Bank and Trust | | 6/13/2023 | | 503,000 | | $ | 535,152 | | | $ | 547,657 | | | $ | (12,505 | ) |
Futures Contracts at March 31, 2023:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Appreciation | |
U.S. 10-Year Treasury Note | | June 2023 | | 1 | | Long | | $ | 111,533 | | | $ | 114,922 | | | | $ | 3,389 | |
U.S. 2-Year Treasury Note | | June 2023 | | 21 | | Long | | | 4,291,729 | | | | 4,335,515 | | | | | 43,786 | |
U.S. Long Bond | | June 2023 | | 6 | | Long | | | 758,137 | | | | 786,938 | | | | | 28,801 | |
U.S. Ultra Long Bond | | June 2023 | | 5 | | Long | | | 672,676 | | | | 705,625 | | | | | 32,949 | |
Total Unrealized Appreciation on Futures Contracts | | | | | | | | | | | | | | | $ | 108,925 | |
| | | | | | | | | | | | | | | | | | |
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Depreciation | |
Euro-Bobl | | June 2023 | | 3 | | Short | | EUR | (345,686) | | | EUR | (353,640) | | | | $ | (8,627 | ) |
U.S. 10-Year Ultra Long Bond | | June 2023 | | 22 | | Short | | $ | (2,575,851) | | | $ | (2,665,094) | | | | | (89,243 | ) |
U.S. 5-Year Treasury Note | | June 2023 | | 31 | | Short | | | (3,348,322) | | | | (3,394,742) | | | | | (46,420 | ) |
Total Unrealized Depreciation on Futures Contracts | | | | | | | | | | | | | | | $ | (144,290 | ) |
26 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2023
The following is a summary of the inputs used as of March 31, 2023 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 | | $ | 125,873 | | | $ | – | | | $ | – | | | $ | 125,873 | |
Convertible Bonds | | | – | | | | 264,252 | | | | – | | | | 264,252 | |
Corporate Bonds | | | | | | | | | | | | | | | | |
Russia | | | – | | | | – | | | | – | (3) | | | – | (3) |
Remaining Countries | | | – | | | | 38,184,844 | | | | – | | | | 38,184,844 | |
Foreign Government Obligations | | | – | | | | 1,345,934 | | | | – | | | | 1,345,934 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
U.S. Treasury Obligations | | | – | | | | 2,301,780 | | | | – | | | | 2,301,780 | |
Total | | $ | 125,873 | | | $ | 42,096,810 | | | $ | – | | | $ | 42,222,683 | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | – | | | $ | 227 | | | $ | – | | | $ | 227 | |
Liabilities | | | – | | | | (12,505 | ) | | | – | | | | (12,505 | ) |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | | 108,925 | | | | – | | | | – | | | | 108,925 | |
Liabilities | | | (144,290 | ) | | | – | | | | – | �� | | | (144,290 | ) |
Total | | $ | (35,365 | ) | | $ | (12,278 | ) | | $ | – | | | $ | (47,643 | ) |
| (1) | | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
| (2) | | See Notes to 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.
| See Notes to Schedule of Investments. | 27 |
Schedule of Investments (unaudited)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | | Interest Rate | | | | Maturity Date | | | Principal Amount | | | Fair Value | |
LONG-TERM INVESTMENTS 102.83% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
ASSET-BACKED SECURITIES 7.17% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Cayman Islands 2.98% | | | | | | | | | | | | | | | | |
Other | | | | | | | | | | | | | | | | |
Arbor Realty Commercial Real Estate Notes Ltd. 2022-FL2 A† | | | 6.677% (1 Mo. Term SOFR + 1.85%) | # | | | 5/15/2037 | | | $ | 100,000 | | | $ | 98,375 | |
Venture 33 CLO Ltd. 2018-33A A1LR† | | | 5.852% (3 Mo. LIBOR + 1.06%) | # | | | 7/15/2031 | | | | 100,000 | | | | 98,793 | |
VERDE CLO Ltd. 2019-1A AR† | | | 5.892% (3 Mo. LIBOR + 1.10%) | # | | | 4/15/2032 | | | | 100,000 | | | | 98,300 | |
| | | | | | | | | | | | | | | 295,468 | |
| | | | | | | | | | | | | | | | |
United States 4.19% | | | | | | | | | | | | | | | | |
Automobiles 1.80% | | | | | | | | | | | | | | | | |
Avid Automobile Receivables Trust 2019-1 C† | | | 3.14% | | | | 7/15/2026 | | | | 58,540 | | | | 58,336 | |
CarMax Auto Owner Trust 2023-1 D | | | 6.27% | | | | 11/15/2029 | | | | 50,000 | | | | 50,157 | |
GM Financial Consumer Automobile Receivables Trust 2023-1 A3 | | | 4.66% | | | | 2/16/2028 | | | | 30,000 | | | | 30,119 | |
Westlake Automobile Receivables Trust 2023-1A A3† | | | 5.21% | | | | 1/18/2028 | | | | 40,000 | | | | 39,964 | |
| | | | | | | | | | | | | | | 178,576 | |
Credit Card 1.91% | | | | | | | | | | | | | | | | |
BA Credit Card Trust 2022-A2 A2 | | | 5.00% | | | | 4/15/2028 | | | | 25,000 | | | | 25,323 | |
Discover Card Execution Note Trust 2022-A3 A3 | | | 3.56% | | | | 7/15/2027 | | | | 50,000 | | | | 48,890 | |
Discover Card Execution Note Trust 2022-A4 A | | | 5.03% | | | | 10/15/2027 | | | | 50,000 | | | | 50,689 | |
Perimeter Master Note Business Trust 2019-2A A† | | | 4.23% | | | | 5/15/2024 | | | | 64,815 | | | | 63,650 | |
| | | | | | | | | | | | | | | 188,552 | |
Other 0.48% | | | | | | | | | | | | | | | | |
ME Funding LLC 2019-1 A2† | | | 6.448% | | | | 7/30/2049 | | | | 48,375 | | | | 47,456 | |
Total United States | | | | | | | | | | | | | | | 414,584 | |
Total Asset-Backed Securities (cost $718,262) | | | | | | | | | | | | | | | 710,052 | |
| | | | | | | | | | | | | | | | |
CORPORATE BONDS 54.35% | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Australia 0.42% | | | | | | | | | | | | | | | | |
Mining | | | | | | | | | | | | | | | | |
FMG Resources August 2006 Pty Ltd.† | | | 4.375% | | | | 4/1/2031 | | | | 12,000 | | | | 10,542 | |
FMG Resources August 2006 Pty Ltd.† | | | 4.50% | | | | 9/15/2027 | | | | 11,000 | | | | 10,574 | |
Glencore Funding LLC† | | | 4.875% | | | | 3/12/2029 | | | | 21,000 | | | | 20,771 | |
Total Australia | | | | | | | | | | | | | | | 41,887 | |
28 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | | Maturity Date | | Principal Amount | | Fair Value | |
Belgium 1.11% | | | | | | | | | | | | |
Distribution/Wholesale | | | | | | | | | | | | |
Azelis Finance NV†(a) | | 5.75% | | | 3/15/2028 | | EUR | 100,000 | | $ | 110,136 | |
| | | | | | | | | | | | |
Bermuda 1.00% | | | | | | | | | | | | |
Insurance | | | | | | | | | | | | |
PartnerRe Ireland Finance DAC(a) | | 1.25% | | | 9/15/2026 | | EUR | 100,000 | | | 99,179 | |
| | | | | | | | | | | | |
Brazil 0.05% | | | | | | | | | | | | |
Forest Products & Paper | | | | | | | | | | | | |
Suzano Austria GmbH | | 3.125% | | | 1/15/2032 | | $ | 6,000 | | | 4,914 | |
| | | | | | | | | | | | |
Canada 0.94% | | | | | | | | | | | | |
Aerospace/Defense 0.11% | | | | | | | | | | | | |
Bombardier, Inc.† | | 6.00% | | | 2/15/2028 | | | 11,000 | | | 10,725 | |
Banks 0.18% | | | | | | | | | | | | |
Toronto-Dominion Bank (The) | | 4.456% | | | 6/8/2032 | | | 18,000 | | | 17,539 | |
Distribution/Wholesale 0.16% | | | | | | | | | | | | |
Ritchie Bros Holdings, Inc.† | | 7.75% | | | 3/15/2031 | | | 15,000 | | | 15,739 | |
Electric 0.14% | | | | | | | | | | | | |
TransAlta Corp. | | 7.75% | | | 11/15/2029 | | | 13,000 | | | 13,678 | |
Insurance 0.12% | | | | | | | | | | | | |
Jones Deslauriers Insurance Management, Inc.† | | 8.50% | | | 3/15/2030 | | | 12,000 | | | 12,450 | |
Oil & Gas Services 0.23% | | | | | | | | | | | | |
Enerflex Ltd.† | | 9.00% | | | 10/15/2027 | | | 23,000 | | | 22,390 | |
Total Canada | | | | | | | | | | | 92,521 | |
| | | | | | | | | | | | |
Colombia 0.23% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Ecopetrol SA | | 4.625% | | | 11/2/2031 | | | 30,000 | | | 23,109 | |
| | | | | | | | | | | | |
Denmark 0.91% | | | | | | | | | | | | |
Banks | | | | | | | | | | | | |
Danske Bank A/S(a) | 0.75% (1 Yr. EURIBOR ICE Swap Rate + .88%) | # | | 6/9/2029 | | EUR | 100,000 | | | 90,092 | |
| | | | | | | | | | | | |
France 1.98% | | | | | | | | | | | | |
Environmental Control 0.96% | | | | | | | | | | | | |
Paprec Holding SA(a) | | 3.50% | | | 7/1/2028 | | EUR | 100,000 | | | 95,003 | |
Water 1.02% | | | | | | | | | | | | |
Suez SACA(a) | | 1.875% | | | 5/24/2027 | | EUR | 100,000 | | | 101,216 | |
Total France | | | | | | | | | | | 196,219 | |
| See Notes to Schedule of Investments. | 29 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Germany 0.10% | | | | | | | | | | | | |
Forest Products & Paper | | | | | | | | | | | | |
Mercer International, Inc. | | 5.125% | | 2/1/2029 | | $ | 12,000 | | | $ | 10,290 | |
| | | | | | | | | | | | |
Ireland 0.65% | | | | | | | | | | | | |
Diversified Financial Services | | | | | | | | | | | | |
Avolon Holdings Funding Ltd.† | | 2.125% | | 2/21/2026 | | | 72,000 | | | | 64,066 | |
| | | | | | | | | | | | |
Mexico 0.50% | | | | | | | | | | | | |
Oil & Gas | | | | | | | | | | | | |
Petroleos Mexicanos | | 6.70% | | 2/16/2032 | | | 62,000 | | | | 49,399 | |
| | | | | | | | | | | | |
Netherlands 1.97% | | | | | | | | | | | | |
Banks 1.01% | | | | | | | | | | | | |
ABN AMRO Bank NV(a) | | 3.00% | | 6/1/2032 | | EUR | 100,000 | | | | 100,423 | |
Media 0.96% | | | | | | | | | | | | |
UPCB Finance VII Ltd.(a) | | 3.625% | | 6/15/2029 | | EUR | 100,000 | | | | 94,868 | |
Total Netherlands | | | | | | | | | | | 195,291 | |
| | | | | | | | | | | | |
Portugal 0.92% | | | | | | | | | | | | |
Electric | | | | | | | | | | | | |
Ren Finance BV(a) | | 0.50% | | 4/16/2029 | | EUR | 100,000 | | | | 91,314 | |
| | | | | | | | | | | | |
Slovenia 0.78% | | | | | | | | | | | | |
Internet | | | | | | | | | | | | |
United Group B.V.†(a) | | 5.25% | | 2/1/2030 | | EUR | 100,000 | | | | 77,408 | |
| | | | | | | | | | | | |
Spain 1.93% | | | | | | | | | | | | |
Engineering & Construction 0.92% | | | | | | | | | | | | |
Cellnex Telecom SA(a) | | 1.875% | | 6/26/2029 | | EUR | 100,000 | | | | 90,615 | |
| | | | | | | | | | | | |
Telecommunications 1.01% | | | | | | | | | | | | |
Lorca Telecom Bondco SA†(a) | | 4.00% | | 9/18/2027 | | EUR | 100,000 | | | | 99,907 | |
Total Spain | | | | | | | | | | | 190,522 | |
| | | | | | | | | | | | |
Supranational 1.86% | | | | | | | | | | | | |
Multi-National | | | | | | | | | | | | |
International Bank for Reconstruction & Development | | 5.026% (SOFR Index + .29%) | # | 11/22/2028 | | $ | 40,000 | | | | 39,675 | |
International Finance Corp.(a) | | 0.375% | | 9/10/2025 | | NZD | 65,000 | | | | 36,319 | |
International Finance Corp. | | 4.939% (SOFR Index + .09%) | # | 6/30/2023 | | $ | 65,000 | | | | 64,996 | |
30 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Supranational (continued) | | | | | | | | | | | | |
Nordic Investment Bank(a) | | 0.125% | | 6/10/2024 | | EUR | 41,000 | | | $ | 42,793 | |
Total Supranational | | | | | | | | | | | 183,783 | |
| | | | | | | | | | | | |
United Arab Emirates 1.38% | | | | | | | | | | | | |
Pipelines | | | | | | | | | | | | |
Galaxy Pipeline Assets Bidco Ltd.† | | 1.75% | | 9/30/2027 | | $ | 145,874 | | | | 136,018 | |
| | | | | | | | | | | | |
United Kingdom 8.36% | | | | | | | | | | | | |
Aerospace/Defense 1.06% | | | | | | | | | | | | |
Rolls-Royce plc(a) | | 0.875% | | 5/9/2024 | | EUR | 100,000 | | | | 104,520 | |
Agriculture 0.70% | | | | | | | | | | | | |
BAT Capital Corp. | | 3.222% | | 8/15/2024 | | $ | 71,000 | | | | 68,887 | |
Chemicals 0.86% | | | | | | | | | | | | |
Linde Finance BV(a) | | 0.55% | | 5/19/2032 | | EUR | 100,000 | | | | 84,820 | |
Commercial Services 0.93% | | | | | | | | | | | | |
BCP V Modular Services Finance II plc(a) | | 4.75% | | 11/30/2028 | | EUR | 100,000 | | | | 92,559 | |
Engineering & Construction 1.29% | | | | | | | | | | | | |
Heathrow Funding Ltd.(a) | | 6.75% | | 12/3/2028 | | GBP | 100,000 | | | | 128,233 | |
Entertainment 2.35% | | | | | | | | | | | | |
CPUK Finance Ltd.(a) | | 3.588% | | 2/28/2042 | | GBP | 100,000 | | | | 116,803 | |
Pinewood Finance Co. Ltd.(a) | | 3.25% | | 9/30/2025 | | GBP | 100,000 | | | | 115,870 | |
| | | | | | | | | | | 232,673 | |
Retail 1.17% | | | | | | | | | | | | |
Stonegate Pub Co. Financing 2019 plc(a) | | 8.25% | | 7/31/2025 | | GBP | 100,000 | | | | 115,487 | |
Total United Kingdom | | | | | | | | | | | 827,179 | |
| | | | | | | | | | | | |
United States 29.26% | | | | | | | | | | | | |
Aerospace/Defense 0.13% | | | | | | | | | | | | |
TransDigm, Inc. | | 4.625% | | 1/15/2029 | | $ | 15,000 | | | | 13,351 | |
Agriculture 0.50% | | | | | | | | | | | | |
Cargill, Inc. † | | 4.00% | | 6/22/2032 | | | 27,000 | | | | 25,776 | |
Philip Morris International, Inc. | | 5.625% | | 11/17/2029 | | | 23,000 | | | | 24,044 | |
| | | | | | | | | | | 49,820 | |
Auto Manufacturers 0.33% | | | | | | | | | | | | |
Ford Motor Co. | | 3.25% | | 2/12/2032 | | | 42,000 | | | | 33,069 | |
Auto Parts & Equipment 0.10% | | | | | | | | | | | | |
Titan International, Inc. | | 7.00% | | 4/30/2028 | | | 11,000 | | | | 9,921 | |
Banks 5.35% | | | | | | | | | | | | |
Bank of America Corp. | | 2.687% (SOFR + 1.32%) | # | 4/22/2032 | | | 37,000 | | | | 30,900 | |
| See Notes to Schedule of Investments. | 31 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Bank of America Corp. | | 3.841% (SOFR + 1.11%) | # | 4/25/2025 | | $ | 35,000 | | | $ | 34,375 | |
Bank of America Corp. | | 3.97% (3 Mo. LIBOR + 1.07%) | # | 3/5/2029 | | | 25,000 | | | | 23,698 | |
Bank of New York Mellon Corp.(The) | | 4.596% (SOFR + 1.76%) | # | 7/26/2030 | | | 20,000 | | | | 19,582 | |
Citigroup, Inc. | | 2.561% (SOFR + 1.17%) | # | 5/1/2032 | | | 70,000 | | | | 58,122 | |
Citigroup, Inc. | | 4.14% (SOFR + 1.37%) | # | 5/24/2025 | | | 10,000 | | | | 9,827 | |
Goldman Sachs Group, Inc. (The) | | 2.383% (SOFR + 1.25%) | # | 7/21/2032 | | | 39,000 | | | | 31,689 | |
Goldman Sachs Group, Inc. (The) | | 3.272% (3 Mo. LIBOR + 1.20%) | # | 9/29/2025 | | | 36,000 | | | | 34,947 | |
JPMorgan Chase & Co. | | 2.58% (SOFR + 1.25%) | # | 4/22/2032 | | | 88,000 | | | | 74,110 | |
JPMorgan Chase & Co. | | 2.963% (SOFR + 1.26%) | # | 1/25/2033 | | | 25,000 | | | | 21,397 | |
M&T Bank Corp. | | 5.053% (SOFR + 1.85%) | # | 1/27/2034 | | | 14,000 | | | | 13,013 | |
Morgan Stanley | | 2.239% (SOFR + 1.18%) | # | 7/21/2032 | | | 25,000 | | | | 20,077 | |
Morgan Stanley | | 2.484% (SOFR + 1.36%) | # | 9/16/2036 | | | 44,000 | | | | 33,455 | |
Morgan Stanley | | 4.431% (3 Mo. LIBOR + 1.63%) | # | 1/23/2030 | | | 25,000 | | | | 24,125 | |
Morgan Stanley | | 5.05% (SOFR + 1.30%) | # | 1/28/2027 | | | 16,000 | | | | 15,968 | |
U.S. Bancorp | | 4.839% (SOFR + 1.60%) | # | 2/1/2034 | | | 27,000 | | | | 26,214 | |
US Bancorp | | 4.967% (SOFR + 2.11%) | # | 7/22/2033 | | | 38,000 | | | | 36,015 | |
Wells Fargo & Co. | | 3.35% (SOFR + 1.50%) | # | 3/2/2033 | | | 25,000 | | | | 21,690 | |
| | | | | | | | | | | 529,204 | |
Beverages 1.06% | | | | | | | | | | | | |
Molson Coors Beverage Co.(a) | | 1.25% | | 7/15/2024 | | EUR | 100,000 | | | | 104,719 | |
Biotechnology 0.24% | | | | | | | | | | | | |
Amgen, Inc. | | 5.25% | | 3/2/2030 | | $ | 23,000 | | | | 23,532 | |
32 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Building Materials 0.31% | | | | | | | | | | | | |
Eco Material Technologies, Inc.† | | 7.875% | | 1/31/2027 | | $ | 12,000 | | | $ | 11,401 | |
Griffon Corp. | | 5.75% | | 3/1/2028 | | | 10,000 | | | | 9,285 | |
Standard Industries, Inc.† | | 4.375% | | 7/15/2030 | | | 12,000 | | | | 10,454 | |
| | | | | | | | | | | 31,140 | |
Chemicals 0.52% | | | | | | | | | | | | |
CVR Partners LP/CVR Nitrogen Finance Corp.† | | 6.125% | | 6/15/2028 | | | 11,000 | | | | 9,764 | |
International Flavors & Fragrances, Inc.† | | 1.23% | | 10/1/2025 | | | 47,000 | | | | 42,078 | |
| | | | | | | | | | | 51,842 | |
Coal 0.11% | | | | | | | | | | | | |
SunCoke Energy, Inc.† | | 4.875% | | 6/30/2029 | | | 12,000 | | | | 10,462 | |
Commercial Services 0.30% | | | | | | | | | | | | |
Alta Equipment Group, Inc.† | | 5.625% | | 4/15/2026 | | | 11,000 | | | | 10,285 | |
Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc.† | | 5.00% | | 2/1/2026 | | | 12,000 | | | | 10,751 | |
Sabre GLBL, Inc.† | | 7.375% | | 9/1/2025 | | | 10,000 | | | | 8,945 | |
| | | | | | | | | | | 29,981 | |
Computers 1.19% | | | | | | | | | | | | |
Booz Allen Hamilton, Inc.† | | 3.875% | | 9/1/2028 | | | 12,000 | | | | 10,962 | |
International Business Machines Corp.(a) | | 3.75% | | 2/6/2035 | | EUR | 100,000 | | | | 106,625 | |
| | | | | | | | | | | 117,587 | |
Cosmetics/Personal Care 0.13% | | | | | | | | | | | | |
Kenvue, Inc.† | | 5.05% | | 3/22/2053 | | $ | 13,000 | | | | 13,409 | |
Diversified Financial Services 1.19% | | | | | | | | | | | | |
AG Issuer LLC† | | 6.25% | | 3/1/2028 | | | 14,000 | | | | 12,625 | |
Aircastle Ltd.† | | 2.85% | | 1/26/2028 | | | 20,000 | | | | 17,225 | |
American Express Co. | | 4.42% (SOFR + 1.76%) | # | 8/3/2033 | | | 21,000 | | | | 20,092 | |
Aviation Capital Group LLC† | | 6.25% | | 4/15/2028 | | | 19,000 | | | | 19,015 | |
Intercontinental Exchange, Inc. | | 4.00% | | 9/15/2027 | | | 40,000 | | | | 39,556 | |
OneMain Finance Corp. | | 5.375% | | 11/15/2029 | | | 11,000 | | | | 9,265 | |
| | | | | | | | | | | 117,778 | |
Electric 2.01% | | | | | | | | | | | | |
Baltimore Gas & Electric Co. | | 4.55% | | 6/1/2052 | | | 18,000 | | | | 16,437 | |
Calpine Corp.† | | 5.125% | | 3/15/2028 | | | 11,000 | | | | 10,086 | |
Constellation Energy Generation LLC | | 6.25% | | 10/1/2039 | | | 18,000 | | | | 18,997 | |
Duke Energy Corp. | | 4.50% | | 8/15/2032 | | | 35,000 | | | | 33,870 | |
Duke Energy Indiana LLC | | 5.40% | | 4/1/2053 | | | 12,000 | | | | 12,239 | |
IPALCO Enterprises, Inc. | | 4.25% | | 5/1/2030 | | | 25,000 | | | | 23,034 | |
| See Notes to Schedule of Investments. | 33 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Leeward Renewable Energy Operations LLC† | | 4.25% | | 7/1/2029 | | $ | 23,000 | | | $ | 20,061 | |
Oklahoma Gas & Electric Co. | | 5.40% | | 1/15/2033 | | | 13,000 | | | | 13,418 | |
Southern Co. (The) | | 4.475% | (b) | 8/1/2024 | | | 42,000 | | | | 41,518 | |
Vistra Operations Co. LLC† | | 4.375% | | 5/1/2029 | | | 10,000 | | | | 8,868 | |
| | | | | | | | | | | 198,528 | |
Engineering & Construction 0.12% | | | | | | | | | | | | |
Weekley Homes LLC/Weekley Finance Corp.† | | 4.875% | | 9/15/2028 | | | 14,000 | | | | 11,821 | |
Entertainment 0.20% | | | | | | | | | | | | |
Jacobs Entertainment, Inc.† | | 6.75% | | 2/15/2029 | | | 11,000 | | | | 9,621 | |
Penn Entertainment, Inc.† | | 5.625% | | 1/15/2027 | | | 11,000 | | | | 10,341 | |
| | | | | | | | | | | 19,962 | |
Food 0.93% | | | | | | | | | | | | |
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC† | | 3.50% | | 3/15/2029 | | | 12,000 | | | | 10,453 | |
Mondelez International Holdings Netherlands BV(a) | | 0.625% | | 9/9/2032 | | EUR | 100,000 | | | | 81,406 | |
| | | | | | | | | | | 91,859 | |
Gas 0.73% | | | | | | | | | | | | |
CenterPoint Energy Resources Corp. | | 4.40% | | 7/1/2032 | | $ | 25,000 | | | | 24,302 | |
NiSource, Inc. | | 2.95% | | 9/1/2029 | | | 19,000 | | | | 16,904 | |
Southwest Gas Corp. | | 4.05% | | 3/15/2032 | | | 34,000 | | | | 31,302 | |
| | | | | | | | | | | 72,508 | |
Health Care-Products 0.10% | | | | | | | | | | | | |
Medline Borrower LP† | | 3.875% | | 4/1/2029 | | | 12,000 | | | | 10,424 | |
Health Care-Services 2.44% | | | | | | | | | | | | |
Centene Corp. | | 3.375% | | 2/15/2030 | | | 65,000 | | | | 56,767 | |
Centene Corp. | | 4.25% | | 12/15/2027 | | | 15,000 | | | | 14,467 | |
Charles River Laboratories International, Inc.† | | 4.00% | | 3/15/2031 | | | 12,000 | | | | 10,511 | |
Elevance Health, Inc. | | 2.25% | | 5/15/2030 | | | 8,000 | | | | 6,874 | |
Elevance Health, Inc. | | 2.875% | | 9/15/2029 | | | 27,000 | | | | 24,527 | |
Elevance Health, Inc. | | 5.125% | | 2/15/2053 | | | 13,000 | | | | 12,962 | |
Elevance Health, Inc. | | 5.50% | | 10/15/2032 | | | 23,000 | | | | 24,210 | |
Humana, Inc. | | 5.875% | | 3/1/2033 | | | 30,000 | | | | 32,310 | |
ModivCare Escrow Issuer, Inc.† | | 5.00% | | 10/1/2029 | | | 12,000 | | | | 10,201 | |
Molina Healthcare, Inc.† | | 3.875% | | 11/15/2030 | | | 11,000 | | | | 9,608 | |
UnitedHealth Group, Inc. | | 4.00% | | 5/15/2029 | | | 40,000 | | | | 39,155 | |
| | | | | | | | | | | 241,592 | |
34 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Insurance 0.30% | | | | | | | | | | | | |
Assurant, Inc. | | 2.65% | | 1/15/2032 | | $ | 13,000 | | | $ | 9,838 | |
New York Life Global Funding† | | 4.55% | | 1/28/2033 | | | 20,000 | | | | 19,813 | |
| | | | | | | | | | | 29,651 | |
Internet 0.95% | | | | | | | | | | | | |
Amazon.com, Inc. | | 4.70% | | 12/1/2032 | | | 64,000 | | | | 65,647 | |
Netflix, Inc. | | 5.875% | | 2/15/2025 | | | 15,000 | | | | 15,315 | |
Netflix, Inc. | | 5.875% | | 11/15/2028 | | | 12,000 | | | | 12,640 | |
| | | | | | | | | | | 93,602 | |
Iron-Steel 0.12% | | | | | | | | | | | | |
United States Steel Corp. | | 6.65% | | 6/1/2037 | | | 12,000 | | | | 11,595 | |
Leisure Time 0.37% | | | | | | | | | | | | |
Life Time, Inc.† | | 5.75% | | 1/15/2026 | | | 12,000 | | | | 11,670 | |
NCL Corp. Ltd.† | | 5.875% | | 2/15/2027 | | | 11,000 | | | | 10,270 | |
Royal Caribbean Cruises Ltd.† | | 5.375% | | 7/15/2027 | | | 11,000 | | | | 9,811 | |
Royal Caribbean Cruises Ltd.† | | 8.25% | | 1/15/2029 | | | 5,000 | | | | 5,229 | |
| | | | | | | | | | | 36,980 | |
Lodging 0.33% | | | | | | | | | | | | |
Station Casinos LLC† | | 4.625% | | 12/1/2031 | | | 12,000 | | | | 10,146 | |
Wyndham Hotels & Resorts, Inc.† | | 4.375% | | 8/15/2028 | | | 12,000 | | | | 11,066 | |
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.† | | 5.25% | | 5/15/2027 | | | 12,000 | | | | 11,354 | |
| | | | | | | | | | | 32,566 | |
Machinery-Diversified 0.11% | | | | | | | | | | | | |
Chart Industries, Inc.† | | 9.50% | | 1/1/2031 | | | 10,000 | | | | 10,559 | |
Media 0.73% | | | | | | | | | | | | |
CCO Holdings LLC/CCO Holdings Capital Corp.† | | 4.75% | | 3/1/2030 | | | 22,000 | | | | 19,085 | |
DISH Network Corp.† | | 11.75% | | 11/15/2027 | | | 14,000 | | | | 13,595 | |
FactSet Research Systems, Inc. | | 3.45% | | 3/1/2032 | | | 45,000 | | | | 39,293 | |
| | | | | | | | | | | 71,973 | |
Metal Fabricate-Hardware 0.12% | | | | | | | | | | | | |
Advanced Drainage Systems, Inc.† | | 6.375% | | 6/15/2030 | | | 12,000 | | | | 11,772 | |
Oil & Gas 2.96% | | | | | | | | | | | | |
Callon Petroleum Co.† | | 8.00% | | 8/1/2028 | | | 11,000 | | | | 10,908 | |
Comstock Resources, Inc.† | | 6.75% | | 3/1/2029 | | | 12,000 | | | | 10,991 | |
Continental Resources, Inc.† | | 5.75% | | 1/15/2031 | | | 62,000 | | | | 59,620 | |
Crescent Energy Finance LLC† | | 9.25% | | 2/15/2028 | | | 10,000 | | | | 9,598 | |
Diamondback Energy, Inc. | | 3.125% | | 3/24/2031 | | | 52,000 | | | | 45,126 | |
Earthstone Energy Holdings LLC† | | 8.00% | | 4/15/2027 | | | 10,000 | | | | 9,713 | |
| See Notes to Schedule of Investments. | 35 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
EQT Corp. | | 7.00% | | 2/1/2030 | | $ | 55,000 | | | $ | 57,620 | |
Gulfport Energy Corp.† | | 8.00% | | 5/17/2026 | | | 11,510 | | | | 11,409 | |
Hilcorp Energy I LP/Hilcorp Finance Co.† | | 6.00% | | 2/1/2031 | | | 17,000 | | | | 15,716 | |
Occidental Petroleum Corp. | | 6.125% | | 1/1/2031 | | | 16,000 | | | | 16,616 | |
Ovintiv, Inc. | | 6.50% | | 2/1/2038 | | | 21,000 | | | | 20,977 | |
Permian Resources Operating LLC† | | 5.375% | | 1/15/2026 | | | 15,000 | | | | 14,234 | |
Vital Energy, Inc. | | 9.50% | | 1/15/2025 | | | 10,000 | | | | 10,080 | |
| | | | | | | | | | | 292,608 | |
Oil & Gas Services 0.10% | | | | | | | | | | | | |
Oceaneering International, Inc. | | 6.00% | | 2/1/2028 | | | 11,000 | | | | 10,349 | |
Packaging & Containers 0.12% | | | | | | | | | | | | |
Owens-Brockway Glass Container, Inc.† | | 6.625% | | 5/13/2027 | | | 2,000 | | | | 2,004 | |
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.† | | 4.375% | | 10/15/2028 | | | 11,000 | | | | 9,628 | |
| | | | | | | | | | | 11,632 | |
Pharmaceuticals 1.03% | | | | | | | | | | | | |
BellRing Brands, Inc.† | | 7.00% | | 3/15/2030 | | | 10,000 | | | | 10,139 | |
Cigna Group (The) | | 2.40% | | 3/15/2030 | | | 21,000 | | | | 18,226 | |
Cigna Group (The) | | 4.375% | | 10/15/2028 | | | 11,000 | | | | 10,846 | |
CVS Health Corp. | | 3.25% | | 8/15/2029 | | | 57,000 | | | | 52,153 | |
Option Care Health, Inc.† | | 4.375% | | 10/31/2029 | | | 12,000 | | | | 10,610 | |
| | | | | | | | | | | 101,974 | |
Pipelines 0.41% | | | | | | | | | | | | |
Buckeye Partners LP | | 8.835% (3 Mo. LIBOR + 4.02%) | # | 1/22/2078 | | | 12,000 | | | | 10,343 | |
NGPL PipeCo LLC† | | 3.25% | | 7/15/2031 | | | 24,000 | | | | 20,391 | |
Venture Global Calcasieu Pass LLC† | | 4.125% | | 8/15/2031 | | | 11,000 | | | | 9,675 | |
| | | | | | | | | | | 40,409 | |
REITS 0.71% | | | | | | | | | | | | |
American Tower Corp. | | 3.80% | | 8/15/2029 | | | 42,000 | | | | 39,065 | |
Crown Castle, Inc. | | 3.30% | | 7/1/2030 | | | 29,000 | | | | 26,168 | |
GLP Capital LP/GLP Financing II, Inc. | | 5.75% | | 6/1/2028 | | | 5,000 | | | | 4,884 | |
| | | | | | | | | | | 70,117 | |
Retail 0.58% | | | | | | | | | | | | |
Gap, Inc. (The)† | | 3.875% | | 10/1/2031 | | | 13,000 | | | | 9,032 | |
Lowe’s Cos., Inc. | | 5.00% | | 4/15/2033 | | | 28,000 | | | | 28,025 | |
Macy’s Retail Holdings LLC† | | 5.875% | | 4/1/2029 | | | 11,000 | | | | 10,188 | |
Victoria’s Secret & Co.† | | 4.625% | | 7/15/2029 | | | 12,000 | | | | 9,736 | |
| | | | | | | | | | | 56,981 | |
36 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
United States (continued) | | | | | | | | | | | | |
Semiconductors 0.10% | | | | | | | | | | | | |
Entegris, Inc.† | | 3.625% | | 5/1/2029 | | $ | 12,000 | | | $ | 10,369 | |
Software 1.24% | | | | | | | | | | | | |
Cloud Software Group Holdings, Inc.† | | 6.50% | | 3/31/2029 | | | 11,000 | | | | 9,741 | |
Oracle Corp. | | 6.25% | | 11/9/2032 | | | 55,000 | | | | 59,185 | |
ROBLOX Corp.† | | 3.875% | | 5/1/2030 | | | 12,000 | | | | 10,302 | |
Twilio, Inc. | | 3.625% | | 3/15/2029 | | | 8,000 | | | | 6,909 | |
Workday, Inc. | | 3.80% | | 4/1/2032 | | | 40,000 | | | | 36,709 | |
| | | | | | | | | | | 122,846 | |
Telecommunications 0.75% | | | | | | | | | | | | |
Frontier Communications Holdings LLC† | | 5.00% | | 5/1/2028 | | | 15,000 | | | | 13,033 | |
Sprint Capital Corp. | | 6.875% | | 11/15/2028 | | | 15,000 | | | | 16,132 | |
T-Mobile USA, Inc. | | 3.875% | | 4/15/2030 | | | 48,000 | | | | 45,077 | |
| | | | | | | | | | | 74,242 | |
Transportation 0.24% | | | | | | | | | | | | |
Rand Parent LLC† | | 8.50% | | 2/15/2030 | | | 25,000 | | | | 23,527 | |
Total United States | | | | | | | | | | | 2,896,261 | |
Total Corporate Bonds (cost $5,633,421) | | | | | | | | | | | 5,379,588 | |
| | | | | | | | | | | | |
FLOATING RATE LOANS(c) 0.21% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Aerospace 0.09% | | | | | | | | | | | | |
Mileage Plus Holdings LLC 2020 Term Loan B | | 10.213% (3 Mo. LIBOR + 5.25%) | | 6/21/2027 | | | 8,500 | | | | 8,835 | |
| | | | | | | | | | | | |
Health Services 0.12% | | | | | | | | | | | | |
Wellpath Holdings, Inc. 2018 1st Lien Term Loan | | 10.325% (3 Mo. LIBOR + 5.50%) | | 10/1/2025 | | | 18,122 | | | | 12,314 | |
Total Floating Rate Loans (cost $26,952) | | | | | | | | | | | 21,149 | |
| | | | | | | | | | | | |
FOREIGN GOVERNMENT OBLIGATIONS 22.36% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Australia 0.50% | | | | | | | | | | | | |
Australia Government Bond(a) | | 3.00% | | 3/21/2047 | | AUD | 19,000 | | | | 11,118 | |
Queensland Treasury Corp.†(a) | | 1.50% | | 3/2/2032 | | AUD | 70,000 | | | | 38,304 | |
Total Australia | | | | | | | | | | | 49,422 | |
| | | | | | | | | | | | |
Canada 1.44% | | | | | | | | | | | | |
Province of Quebec Canada(a) | | 0.875% | | 1/15/2025 | | EUR | 100,000 | | | | 103,775 | |
Province of Saskatchewan(a) | | 4.75% | | 6/1/2040 | | CAD | 49,000 | | | | 39,099 | |
Total Canada | | | | | | | | | | | 142,874 | |
| See Notes to Schedule of Investments. | 37 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
China 5.62% | | | | | | | | | | | | |
China Development Bank(a) | | 3.07% | | 3/10/2030 | | CNY | 650,000 | | | $ | 94,970 | |
China Development Bank(a) | | 3.09% | | 6/18/2030 | | CNY | 1,300,000 | | | | 190,133 | |
China Development Bank(a) | | 3.48% | | 1/8/2029 | | CNY | 1,000,000 | | | | 149,552 | |
China Development Bank(a) | | 3.68% | | 2/26/2026 | | CNY | 600,000 | | | | 89,688 | |
China Government Bond(a) | | 3.86% | | 7/22/2049 | | CNY | 200,000 | | | | 32,103 | |
Total China | | | | | | | | | | | 556,446 | |
| | | | | | | | | | | | |
Colombia 1.53% | | | | | | | | | | | | |
Colombia Government International Bond(a) | | 3.875% | | 3/22/2026 | | EUR | 100,000 | | | | 103,291 | |
Colombian TES(a) | | 7.50% | | 8/26/2026 | | COP | 250,000,000 | | | | 48,366 | |
Total Colombia | | | | | | | | | | | 151,657 | |
| | | | | | | | | | | | |
Dominican Republic 1.43% | | | | | | | | | | | | |
Dominican Republic International Bond† | | 5.50% | | 2/22/2029 | | $ | 150,000 | | | | 141,649 | |
| | | | | | | | | | | | |
France 1.54% | | | | | | | | | | | | |
Action Logement Services(a) | | 0.50% | | 10/30/2034 | | EUR | 100,000 | | | | 78,585 | |
French Republic Government Bond OAT(a) | | 0.75% | | 5/25/2052 | | EUR | 40,000 | | | | 23,695 | |
French Republic Government Bond OAT(a) | | 2.00% | | 11/25/2032 | | EUR | 50,000 | | | | 50,528 | |
Total France | | | | | | | | | | | 152,808 | |
| | | | | | | | | | | | |
Germany 0.90% | | | | | | | | | | | | |
Bundesrepublik Deutschland Bundesanleihe(a) | | Zero Coupon | | 8/15/2052 | | EUR | 40,000 | | | | 22,304 | |
Bundesrepublik Deutschland Bundesanleihe(a) | | 1.00% | | 5/15/2038 | | EUR | 75,000 | | | | 66,567 | |
Total Germany | | | | | | | | | | | 88,871 | |
| | | | | | | | | | | | |
Indonesia 0.81% | | | | | | | | | | | | |
Indonesia Government International Bond(a) | | 1.30% | | 3/23/2034 | | EUR | 100,000 | | | | 79,698 | |
| | | | | | | | | | | | |
Italy 0.43% | | | | | | | | | | | | |
Italy Buoni Poliennali Del Tesoro†(a) | | 2.45% | | 9/1/2033 | | EUR | 45,000 | | | | 42,075 | |
| | | | | | | | | | | | |
Japan 4.58% | | | | | | | | | | | | |
Japan Bank for International Cooperation(a) | | 1.50% | | 6/1/2029 | | EUR | 100,000 | | | | 98,021 | |
Japan Government Ten Year Bond(a) | | 0.10% | | 3/20/2028 | | JPY | 18,000,000 | | | | 135,594 | |
Japan Government Ten Year Bond(a) | | 0.10% | | 12/20/2031 | | JPY | 14,000,000 | | | | 103,598 | |
Japan Government Thirty Year Bond(a) | | 1.40% | | 9/20/2052 | | JPY | 15,000,000 | | | | 116,587 | |
Total Japan | | | | | | | | | | | 453,800 | |
| | | | | | | | | | | | |
Netherlands 1.10% | | | | | | | | | | | | |
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV(a) | | 3.00% | | 10/25/2027 | | EUR | 100,000 | | | | 108,558 | |
| |
38 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
South Africa 0.17% | | | | | | | | | | | | |
Republic of South Africa Government Bond(a) | | 8.75% | | 2/28/2048 | | ZAR | 396,000 | | | $ | 17,123 | |
| | | | | | | | | | | | |
Spain 0.15% | | | | | | | | | | | | |
Spain Government Bond†(a) | | 1.00% | | 7/30/2042 | | EUR | 21,000 | | | | 14,414 | |
| | | | | | | | | | | | |
Supranational 0.54% | | | | | | | | | | | | |
European Bank for Reconstruction & Development(a) | | Zero Coupon | | 1/10/2024 | | EUR | 51,000 | | | | 53,913 | |
| | | | | | | | | | | | |
Turkey 0.56% | | | | | | | | | | | | |
Republic of Turkey | | 7.375% | | 2/5/2025 | | $ | 55,000 | | | | 55,264 | |
| | | | | | | | | | | | |
United Kingdom 1.06% | | | | | | | | | | | | |
United Kingdom Gilt(a) | | 0.875% | | 7/31/2033 | | GBP | 110,000 | | | | 104,622 | |
Total Foreign Government Obligations (cost $2,392,959) | | | | | | | | | 2,213,194 | |
| | | | | | | | | | | | |
GOVERNMENT SPONSORED ENTERPRISES PASS-THROUGHS 7.38% | | | | | | |
Fannie Mae or Freddie Mac(d) | | 4.00% | | TBA | | $ | 25,000 | | | | 23,924 | |
Fannie Mae or Freddie Mac(d) | | 4.50% | | TBA | | | 12,000 | | | | 11,761 | |
Fannie Mae or Freddie Mac(d) | | 5.00% | | TBA | | | 30,000 | | | | 30,197 | |
Fannie Mae or Freddie Mac(d) | | 5.50% | | TBA | | | 91,000 | | | | 92,071 | |
Fannie Mae or Freddie Mac(d) | | 6.50% | | TBA | | | 61,000 | | | | 62,844 | |
Fannie Mae Pool | | 2.50% | | 9/1/2051 | | | 87,402 | | | | 76,065 | |
Fannie Mae Pool | | 3.00% | | 10/1/2050 | | | 100,326 | | | | 91,140 | |
Fannie Mae Pool | | 3.50% | | 4/1/2052 | | | 38,837 | | | | 36,391 | |
Fannie Mae Pool | | 4.00% | | 5/1/2052 | | | 38,518 | | | | 37,482 | |
Federal Home Loan Mortgage Corp. | | 3.50% | | 2/1/2046 | | | 18,632 | | | | 17,665 | |
Ginnie Mae(d) | | 3.00% | | TBA | | | 31,000 | | | | 28,258 | |
Ginnie Mae(d) | | 3.50% | | TBA | | | 15,000 | | | | 14,072 | |
Ginnie Mae(d) | | 4.00% | | TBA | | | 13,000 | | | | 12,520 | |
Ginnie Mae(d) | | 4.50% | | TBA | | | 4,000 | | | | 3,941 | |
Ginnie Mae(d) | | 5.00% | | TBA | | | 81,000 | | | | 81,041 | |
Ginnie Mae(d) | | 5.50% | | TBA | | | 33,000 | | | | 33,355 | |
Ginnie Mae(d) | | 6.00% | | TBA | | | 76,000 | | | | 77,372 | |
Total Government Sponsored Enterprises Pass-Throughs (cost $733,160) | | | | | | | 730,099 | |
| See Notes to Schedule of Investments. | 39 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
MUNICIPAL BONDS 0.64% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Government 0.42% | | | | | | | | | | | | |
New York City Transitional Finance Authority Future Tax Secured Revenue NY | | 1.95% | | 8/1/2034 | | $ | 30,000 | | | $ | 22,405 | |
Regional Transportation District Sales Tax Revenue CO | | 2.337% | | 11/1/2036 | | | 25,000 | | | | 19,090 | |
Total | | | | | | | | | | | 41,495 | |
| | | | | | | | | | | | |
Transportation 0.22% | | | | | | | | | | | | |
Metropolitan Transportation Authority NY | | 6.668% | | 11/15/2039 | | | 20,000 | | | | 21,598 | |
Total Municipal Bonds (cost $82,030) | | | | | | | | | | | 63,093 | |
| | | | | | | | | | | | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 3.14% | | | | | | |
BBCMS Mortgage Trust 2019-BWAY A† | | 5.898% (1 Mo. Term SOFR + 1.07%) | # | 11/15/2034 | | | 11,000 | | | | 10,213 | |
BBCMS Mortgage Trust 2019-BWAY B† | | 6.252% (1 Mo. Term SOFR + 1.42%) | # | 11/15/2034 | | | 10,000 | | | | 9,004 | |
Commercial Mortgage Pass-Through Certificates 2015-PC1 C | | 4.298% | #(e) | 7/10/2050 | | | 25,000 | | | | 21,831 | |
Connecticut Avenue Securities Trust 2022-R08 1M1† | | 7.11% (1 Mo. SOFR + 2.55%) | # | 7/25/2042 | | | 33,277 | | | | 33,511 | |
Connecticut Avenue Securities Trust 2023-R01 1M1† | | 6.968% (1 Mo. SOFR + 2.40%) | # | 12/25/2042 | | | 9,705 | | | | 9,733 | |
Freddie Mac STACR REMIC Trust 2021-DNA6 M2† | | 6.06% (1 Mo. SOFR + 1.50%) | # | 10/25/2041 | | | 30,000 | | | | 28,581 | |
Freddie Mac STACR REMIC Trust 2021-HQA4 M1† | | 5.51% (1 Mo. SOFR + .95%) | # | 12/25/2041 | | | 27,698 | | | | 26,703 | |
Freddie Mac STACR REMIC Trust 2022-HQA3 M1A† | | 6.86% (1 Mo. SOFR + 2.30%) | # | 8/25/2042 | | | 27,936 | | | | 28,023 | |
Life Mortgage Trust 2022-BMR2 A1† | | 6.122% (1 Mo. Term SOFR + 1.30%) | # | 5/15/2039 | | | 100,000 | | | | 97,930 | |
Residential Mortgage Loan Trust 2020-1 A1† | | 2.376% | #(e) | 1/26/2060 | | | 16,631 | | | | 15,869 | |
Verus Securitization Trust 2020-5 A1† | | 1.218% | (b) | 5/25/2065 | | | 32,459 | | | | 29,672 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $321,475) | | | | | | | | 311,070 | |
| | | | | | | | | | | | |
U.S. TREASURY OBLIGATIONS 7.58% | | | | | | | | | | | | |
U.S. Treasury Bond | | 2.00% | | 11/15/2041 | | | 40,000 | | | | 30,221 | |
U.S. Treasury Bond | | 3.625% | | 2/15/2053 | | | 243,000 | | | | 241,310 | |
U.S. Treasury Bond | | 3.875% | | 2/15/2043 | | | 165,000 | | | | 166,508 | |
40 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
U.S. TREASURY OBLIGATIONS (continued) | | | | | | | | | | | | |
U.S. Treasury Inflation Indexed Note(f) | | 1.625% | | 10/15/2027 | | $ | 141,417 | | | $ | 144,231 | |
U.S. Treasury Inflation-Indexed Note(f) | | 1.125% | | 1/15/2033 | | | 100,453 | | | | 100,283 | |
U.S. Treasury Note | | 3.625% | | 3/31/2028 | | | 67,000 | | | | 67,115 | |
Total U.S. Treasury Obligations (cost $737,508) | | | | | | | | | | | 749,668 | |
Total Long-Term Investments (cost $10,645,767) | | | | | | | | | | | 10,177,913 | |
| | | | | | | | | | | | |
SHORT-TERM INVESTMENTS 1.47% | | | | | | | | | | | | |
| | | | | | | | | | | | |
REPURCHASE AGREEMENTS 1.47% | | | | | | | | | | | | |
Repurchase Agreement dated 3/31/2023, 2.400% due 4/3/2023 with Fixed Income Clearing Corp. collateralized by $149,700 of When Issued U.S. Treasury Note at 3.875% due 3/31/2025; value: $149,039; proceeds: $146,066 (cost $146,037) | | | | | | | 146,037 | | | | 146,037 | |
Total Investments in Securities 104.30% (cost $10,791,804) | | | | | | | | | 10,323,950 | |
Other Assets and Liabilities – Net(g) (4.30) | | | | | | | | | | | (425,963 | ) |
Net Assets 100.00% | | | | | | | | | | $ | 9,897,987 | |
| | |
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. |
ZAR | | South African Rand. |
EURIBOR | | Euro Interbank Offered Rate. |
LIBOR | | London Interbank Offered Rate. |
REITS | | Real Estate Investment Trusts. |
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 March 31, 2023, the total value of Rule 144A securities was $2,401,362, which represents 24.26% of net assets. |
# | | Variable rate security. The interest rate represents the rate in effect at March 31, 2023. |
(a) | | Investment in non-U.S. dollar denominated securities. |
(b) | | Step Bond – Security with a predetermined schedule of interest rate changes. |
(c) | | 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 March 31, 2023. |
(d) | | 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. |
(e) | | Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool. |
(f) | | 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. |
| | |
| See Notes to Schedule of Investments. | 41 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
(g) | | Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts, futures contracts and swap contracts as follows: |
Centrally Cleared Credit Default Swap Contracts on Indexes - Sell Protection at March 31, 2023(1):
Referenced Indexes | | Central Clearing Party | | Fund Receives (Quarterly) | | Termination Date | | Notional Amount | | | Payments Upfront(2) | | | Unrealized Appreciation(3) | | | Value | |
Markit CDX. NA.HY.S40(4)(5) | | Goldman Sachs | | 5.000% | | 6/20/2028 | | | $90,000 | | | | $(225 | ) | | | $1,576 | | | | $1,351 | |
| | | | | | | | | | | | | | | | | | | | | | |
(1) | | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap contracts agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap contracts 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 contracts 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 Swap Contracts on Indexes amounted to $1,576. Total unrealized depreciation on Credit Default Swap Contracts on Indexes amounted to $0. |
(4) | | Central Clearinghouse: Intercontinental Exchange (ICE). |
(5) | | The Referenced Index is for the Centrally Cleared Credit Default Swap Contracts on Indexes, which is comprised of a basket of high yield securities. |
Forward Foreign Currency Exchange Contracts at March 31, 2023:
Forward Foreign Currency Exchange Contracts | | Transaction Type | | Counterparty | | Expiration Date | | Foreign Currency | | U.S. $ Cost on Origination Date | | | U.S. $ Current Value | | | Unrealized Appreciation | |
Brazilian real | | Buy | | Goldman Sachs | | 6/5/2023 | | 381,000 | | $ | 72,086 | | | $ | 74,339 | | | | $ | 2,253 | |
Colombian peso | | Buy | | Toronto Dominion Bank | | 4/3/2023 | | 56,872,000 | | | 11,654 | | | | 12,212 | | | | | 558 | |
Colombian peso | | Buy | | State Street Bank and Trust | | 6/30/2023 | | 32,340,000 | | | 6,781 | | | | 6,824 | | | | | 43 | |
Euro | | Buy | | Morgan Stanley | | 6/13/2023 | | 153,000 | | | 166,566 | | | | 166,584 | | | | | 18 | |
Euro | | Buy | | State Street Bank and Trust | | 6/13/2023 | | 6,000 | | | 6,449 | | | | 6,533 | | | | | 84 | |
Indonesian rupiah | | Buy | | Bank of America | | 5/15/2023 | | 1,413,794,000 | | | 92,993 | | | | 94,493 | | | | | 1,500 | |
Mexican peso | | Buy | | State Street Bank and Trust | | 6/16/2023 | | 517,000 | | | 26,847 | | | | 28,288 | | | | | 1,441 | |
Norwegian krone | | Buy | | Toronto Dominion Bank | | 6/15/2023 | | 83,000 | | | 7,916 | | | | 7,953 | | | | | 37 | |
South Korean won | | Buy | | State Street Bank and Trust | | 6/16/2023 | | 133,000,000 | | | 102,127 | | | | 102,242 | | | | | 115 | |
Colombian peso | | Sell | | Toronto Dominion Bank | | 4/3/2023 | | 56,872,000 | | | 12,290 | | | | 12,212 | | | | | 78 | |
Japanese yen | | Sell | | Morgan Stanley | | 5/15/2023 | | 28,913,000 | | | 227,710 | | | | 219,054 | | | | | 8,656 | |
Total Unrealized Appreciation on Forward Foreign Currency Exchange Contracts | | | | | | | | | $ | 14,783 | |
42 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
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 | | State Street Bank and Trust | | 5/30/2023 | | 125,000 | | $ | 85,394 | | | $ | 83,725 | | | | $ | (1,669 | ) |
Canadian dollar | | Buy | | State Street Bank and Trust | | 4/20/2023 | | 301,000 | | | 223,723 | | | | 222,769 | | | | | (954 | ) |
Chinese yuan renminbi | | Buy | | State Street Bank and Trust | | 4/20/2023 | | 1,772,000 | | | 264,157 | | | | 258,228 | | | | | (5,929 | ) |
Japanese yen | | Buy | | State Street Bank and Trust | | 5/15/2023 | | 140,605,000 | | | 1,082,785 | | | | 1,065,266 | | | | | (17,519 | ) |
Swedish krona | | Buy | | Bank of America | | 5/5/2023 | | 125,000 | | | 12,193 | | | | 12,065 | | | | | (128 | ) |
Swedish krona | | Buy | | Bank of America | | 5/5/2023 | | 229,000 | | | 22,126 | | | | 22,102 | | | | | (24 | ) |
Swiss franc | | Buy | | State Street Bank and Trust | | 5/23/2023 | | 44,000 | | | 48,697 | | | | 48,345 | | | | | (352 | ) |
British pound | | Sell | | Morgan Stanley | | 6/8/2023 | | 253,000 | | | 304,642 | | | | 312,508 | | | | | (7,866 | ) |
Euro | | Sell | | Bank of America | | 6/13/2023 | | 16,000 | | | 17,069 | | | | 17,421 | | | | | (352 | ) |
Euro | | Sell | | State Street Bank and Trust | | 6/13/2023 | | 100,000 | | | 106,042 | | | | 108,878 | | | | | (2,836 | ) |
Euro | | Sell | | State Street Bank and Trust | | 6/13/2023 | | 440,000 | | | 468,125 | | | | 479,064 | | | | | (10,939 | ) |
Japanese yen | | Sell | | Bank of America | | 5/15/2023 | | 7,959,000 | | | 58,998 | | | | 60,300 | | | | | (1,302 | ) |
Total Unrealized Depreciation on Forward Foreign Currency Exchange Contracts | | | | | | | | | | | $ | (49,870 | ) |
Futures Contracts at March 31, 2023:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Appreciation | |
U.S. Ultra Long Bond | | June 2023 | | 1 | | Long | | $ | 134,535 | | | $ | 141,125 | | | | $6,590 | |
| | | | | | | | | | | | | | | | | | |
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Depreciation | |
Euro-Bund | | June 2023 | | 2 | | Short | | EUR | (261,255) | | | EUR | (271,680) | | | | $ (11,306 | ) |
U.S. 10-Year Ultra Long Bond | | June 2023 | | 3 | | Short | | $ | (351,253) | | | $ | (363,422) | | | | (12,169 | ) |
U.S. 5-Year Treasury Note | | June 2023 | | 3 | | Short | | | (322,136) | | | | (328,524) | | | | (6,388 | ) |
Total Unrealized Depreciation on Futures Contracts | | | | | | | | | | | $ (29,863 | ) |
| | |
| See Notes to Schedule of Investments. | 43 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT GLOBAL FUND, INC. – GLOBAL BOND FUND March 31, 2023
The following is a summary of the inputs used as of March 31, 2023 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 | | $ | – | | | $ | 710,052 | | | $ | – | | | $ | 710,052 | |
Corporate Bonds | | | – | | | | 5,379,588 | | | | – | | | | 5,379,588 | |
Floating Rate Loans | | | – | | | | 21,149 | | | | – | | | | 21,149 | |
Foreign Government Obligations | | | – | | | | 2,213,194 | | | | – | | | | 2,213,194 | |
Government Sponsored Enterprises Pass-Throughs | | | – | | | | 730,099 | | | | – | | | | 730,099 | |
Municipal Bonds | | | – | | | | 63,093 | | | | – | | | | 63,093 | |
Non-Agency Commercial Mortgage-Backed Securities | | | – | | | | 311,070 | | | | – | | | | 311,070 | |
U.S. Treasury Obligations | | | – | | | | 749,668 | | | | – | | | | 749,668 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Repurchase Agreements | | | – | | | | 146,037 | | | | – | | | | 146,037 | |
Total | | $ | – | | | $ | 10,323,950 | | | $ | – | | | $ | 10,323,950 | |
| | | | | | | | | | | | | | | | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Centrally Cleared Credit Default Swap Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | – | | | $ | 1,351 | | | $ | – | | | $ | 1,351 | |
Liabilities | | | – | | | | – | | | | – | | | | – | |
Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | | | | | |
Assets | | | – | | | | 14,783 | | | | – | | | | 14,783 | |
Liabilities | | | – | | | | (49,870 | ) | | | – | | | | (49,870 | ) |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | | 6,590 | | | | – | | | | – | | | | 6,590 | |
Liabilities | | | (29,863 | ) | | | – | | | | – | | | | (29,863 | ) |
Total | | $ | (23,273 | ) | | $ | (33,736 | ) | | $ | – | | | $ | (57,009 | ) |
| | |
(1) | | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | | See Notes to 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. 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.
44 | 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 Bond Fund (“Emerging Markets Bond Fund”), Lord Abbett Emerging Markets Corporate Debt Fund (“Emerging Markets Corporate Debt Fund”) and Lord Abbett Global Bond Fund (“Global Bond Fund”). Each Fund is diversified as defined in the Act.
2. | SIGNIFICANT ACCOUNTING POLICIES | |
(a) | Investment Valuation–Under procedures approved by the Funds’ Board of Directors (the “Board”) the Board has designated the determination of fair value of the Funds’ portfolio investments to Lord, Abbett & Co. LLC (“Lord Abbett”) as its valuation designee. Accordingly, Lord Abbett is responsible for, among other things, assessing and managing valuation risks, establishing, 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. |
| |
| 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. Options and options on swaps (“swaptions”) are valued daily using independent pricing services or quotations from broker/dealers to the extent available. |
45
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. |
| |
| Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. |
| |
(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; |
| | |
● | Level 2 - | other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and |
| | |
● | Level 3 - | significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments). |
| | |
| A summary of inputs used in valuing each Fund’s investments and other financial instruments as of March 31, 2023 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. |
46
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 March 31, 2023, the Funds did not loan any securities.
47
QPHR-GLOBAL-1Q
(05/23)