Lord Abbett
Quarterly Portfolio Holdings Report
Lord Abbett
Emerging Markets Bond Fund
Emerging Markets Corporate Debt Fund
For the period ended March 31, 2024
Schedule of Investments (unaudited)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
LONG-TERM INVESTMENTS 97.99% | ||||||||||||
CONVERTIBLE BONDS 0.05% | ||||||||||||
China | ||||||||||||
Lodging | ||||||||||||
H World Group Ltd. (cost $55,560) | 3.00% | 5/1/2026 | $ | 48,000 | $ | 55,617 | ||||||
CORPORATE BONDS 41.78% | ||||||||||||
Argentina 0.60% | ||||||||||||
Energy-Alternate Sources 0.30% | ||||||||||||
YPF Energia Electrica SA† | 10.00% | 7/25/2026 | 350,000 | 346,624 | ||||||||
Oil & Gas 0.30% | ||||||||||||
YPF SA† | 9.50% | 1/17/2031 | 335,000 | 342,632 | ||||||||
Total Argentina | 689,256 | |||||||||||
Bahrain 0.48% | ||||||||||||
Oil & Gas | ||||||||||||
Bapco Energies BSCC | 7.625% | 11/7/2024 | 550,000 | 552,337 | ||||||||
Brazil 3.36% | ||||||||||||
Airlines 0.18% | ||||||||||||
Azul Secured Finance LLP† | 11.93% | 8/28/2028 | 200,000 | 205,169 | ||||||||
Banks 0.70% | ||||||||||||
Banco do Brasil SA† | 3.25% | 9/30/2026 | 850,000 | 804,391 | ||||||||
Building Materials 0.21% | ||||||||||||
St. Mary’s Cement, Inc.† | 5.75% | 4/2/2034 | 242,000 | 240,306 | ||||||||
Health Care-Services 0.30% | ||||||||||||
Rede D’or Finance SARL | 4.50% | 1/22/2030 | 375,000 | 339,818 | ||||||||
Iron-Steel 0.25% | ||||||||||||
CSN Inova Ventures† | 6.75% | 1/28/2028 | 290,000 | 284,431 | ||||||||
Media 0.46% | ||||||||||||
Globo Comunicacao e Participacoes SA† | 4.875% | 1/22/2030 | 600,000 | 525,346 | ||||||||
Oil & Gas 0.49% | ||||||||||||
Cosan Luxembourg SA† | 7.25% | 6/27/2031 | 555,000 | 567,174 | ||||||||
Transportation 0.29% | ||||||||||||
Rumo Luxembourg SARL | 5.25% | 1/10/2028 | 350,000 | 338,633 | ||||||||
Water 0.48% | ||||||||||||
Aegea Finance SARL† | 9.00% | 1/20/2031 | 520,000 | 551,053 | ||||||||
Total Brazil | 3,856,321 |
See Notes to Schedule of Investments. | 1 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Chile 3.12% | ||||||||||||
Banks 0.18% | ||||||||||||
Banco de Credito e Inversiones SA† | 8.75% (5 yr. CMT + 4.94%) | # | – | (a) | $ | 200,000 | $ | 206,375 | ||||
Electric 0.33% | ||||||||||||
Alfa Desarrollo SpA† | 4.55% | 9/27/2051 | 496,470 | 379,764 | ||||||||
Engineering & Construction 0.50% | ||||||||||||
ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Partners | 4.05% | 4/27/2026 | 600,000 | 568,863 | ||||||||
Forest Products & Paper 0.26% | ||||||||||||
Inversiones CMPC SA† | 6.125% | 2/26/2034 | 300,000 | 305,152 | ||||||||
Mining 1.10% | ||||||||||||
Corp. Nacional del Cobre de Chile | 3.75% | 1/15/2031 | 850,000 | 760,309 | ||||||||
Corp. Nacional del Cobre de Chile† | 6.30% | 9/8/2053 | 500,000 | 500,791 | ||||||||
1,261,100 | ||||||||||||
Oil & Gas 0.75% | ||||||||||||
Empresa Nacional del Petroleo† | 3.45% | 9/16/2031 | 1,000,000 | 857,800 | ||||||||
Total Chile | 3,579,054 | |||||||||||
China 1.49% | ||||||||||||
Diversified Financial Services 0.49% | ||||||||||||
BOC Aviation USA Corp.† | 4.875% | 5/3/2033 | 565,000 | 554,344 | ||||||||
Internet 0.66% | ||||||||||||
Meituan | 3.05% | 10/28/2030 | 400,000 | 342,708 | ||||||||
Prosus NV† | 3.832% | 2/8/2051 | 675,000 | 415,819 | ||||||||
758,527 | ||||||||||||
Investment Companies 0.34% | ||||||||||||
Huarong Finance 2019 Co. Ltd. | 4.50% | 5/29/2029 | 430,000 | 393,506 | ||||||||
Total China | 1,706,377 | |||||||||||
Colombia 2.01% | ||||||||||||
Oil & Gas 1.50% | ||||||||||||
Ecopetrol SA | 5.875% | 11/2/2051 | 500,000 | 360,251 | ||||||||
Ecopetrol SA | 8.375% | 1/19/2036 | 660,000 | 666,629 | ||||||||
Ecopetrol SA | 8.625% | 1/19/2029 | 650,000 | 689,379 | ||||||||
1,716,259 | ||||||||||||
Pipelines 0.51% | ||||||||||||
AI Candelaria Spain SA† | 5.75% | 6/15/2033 | 437,000 | 355,001 | ||||||||
AI Candelaria Spain SA† | 7.50% | 12/15/2028 | 232,650 | 228,022 | ||||||||
583,023 | ||||||||||||
Total Colombia | 2,299,282 |
2 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Dominican Republic 0.49% | ||||||||||||
Energy-Alternate Sources | ||||||||||||
Empresa Generadora de Electricidad Haina SA† | 5.625% | 11/8/2028 | $ | 610,000 | $ | 555,408 | ||||||
Ghana 0.25% | ||||||||||||
Oil & Gas | ||||||||||||
Kosmos Energy Ltd.† | 7.75% | 5/1/2027 | 290,000 | 286,548 | ||||||||
Guatemala 0.50% | ||||||||||||
Beverages | ||||||||||||
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL† | 5.25% | 4/27/2029 | 595,000 | 567,575 | ||||||||
India 2.19% | ||||||||||||
Commercial Services 0.35% | ||||||||||||
Adani Ports & Special Economic Zone Ltd.† | 3.10% | 2/2/2031 | 500,000 | 398,628 | ||||||||
Electric 0.28% | ||||||||||||
Continuum Energy Aura Pte. Ltd.† | 9.50% | 2/24/2027 | 310,000 | 322,905 | ||||||||
Energy-Alternate Sources 0.30% | ||||||||||||
Adani Green Energy UP Ltd./Prayatna Developers Pvt Ltd./Parampujya Solar Energy† | 6.70% | 3/12/2042 | 350,000 | 338,815 | ||||||||
Engineering & Construction 0.18% | ||||||||||||
IRB Infrastructure Developers Ltd.† | 7.11% | 3/11/2032 | 208,000 | 211,120 | ||||||||
Oil & Gas 0.71% | ||||||||||||
Reliance Industries Ltd.† | 2.875% | 1/12/2032 | 950,000 | 807,917 | ||||||||
Transportation 0.37% | ||||||||||||
Indian Railway Finance Corp. Ltd. | 2.80% | 2/10/2031 | 500,000 | 424,635 | ||||||||
Total India | 2,504,020 | |||||||||||
Indonesia 3.07% | ||||||||||||
Coal 0.22% | ||||||||||||
Indika Energy Capital IV Pte. Ltd. | 8.25% | 10/22/2025 | 250,000 | 254,063 | ||||||||
Electric 1.07% | ||||||||||||
Minejesa Capital BV | 5.625% | 8/10/2037 | 630,000 | 573,655 | ||||||||
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara† | 4.00% | 6/30/2050 | 880,000 | 654,900 | ||||||||
1,228,555 | ||||||||||||
Mining 1.25% | ||||||||||||
Bukit Makmur Mandiri Utama PT† | 7.75% | 2/10/2026 | 330,000 | 328,350 | ||||||||
Freeport Indonesia PT† | 4.763% | 4/14/2027 | 705,000 | 690,113 | ||||||||
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT | 5.45% | 5/15/2030 | 230,000 | 227,443 | ||||||||
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT | 5.80% | 5/15/2050 | 200,000 | 188,881 | ||||||||
1,434,787 |
See Notes to Schedule of Investments. | 3 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Indonesia (continued) | ||||||||||||
Oil & Gas 0.53% | ||||||||||||
Medco Maple Tree Pte. Ltd.† | 8.96% | 4/27/2029 | $ | 270,000 | $ | 281,368 | ||||||
Pertamina Persero PT† | 5.625% | 5/20/2043 | 330,000 | 324,764 | ||||||||
606,132 | ||||||||||||
Total Indonesia | 3,523,537 | |||||||||||
Israel 0.16% | ||||||||||||
Banks | ||||||||||||
Bank Leumi Le-Israel BM | 3.275% (5 yr. CMT + 1.63%) | # | 1/29/2031 | 200,000 | 185,803 | |||||||
Kazakhstan 0.93% | ||||||||||||
Oil & Gas 0.40% | ||||||||||||
Tengizchevroil Finance Co. International Ltd.† | 3.25% | 8/15/2030 | 560,000 | 454,560 | ||||||||
Pipelines 0.53% | ||||||||||||
QazaqGaz NC JSC† | 4.375% | 9/26/2027 | 650,000 | 612,973 | ||||||||
Total Kazakhstan | 1,067,533 | |||||||||||
Kuwait 0.42% | ||||||||||||
Banks | ||||||||||||
NBK Tier 1 Financing 2 Ltd.† | 4.50% (6 yr. CMT + 2.83%) | # | – | (a) | 500,000 | 483,125 | ||||||
Macau 1.92% | ||||||||||||
Lodging | ||||||||||||
MGM China Holdings Ltd. | 4.75% | 2/1/2027 | 585,000 | 557,797 | ||||||||
Sands China Ltd. | 5.125% | 8/8/2025 | 550,000 | 542,915 | ||||||||
Studio City Co. Ltd.† | 7.00% | 2/15/2027 | 550,000 | 550,920 | ||||||||
Wynn Macau Ltd.† | 5.625% | 8/26/2028 | 580,000 | 551,012 | ||||||||
Total Macau | 2,202,644 | |||||||||||
Malaysia 1.67% | ||||||||||||
Oil & Gas | ||||||||||||
Petronas Capital Ltd.† | 2.48% | 1/28/2032 | 1,000,000 | 834,990 | ||||||||
Petronas Capital Ltd.† | 3.404% | 4/28/2061 | 1,300,000 | 894,682 | ||||||||
Petronas Energy Canada Ltd.† | 2.112% | 3/23/2028 | 210,000 | 188,784 | ||||||||
Total Malaysia | 1,918,456 |
4 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Mexico 4.23% | ||||||||||||
Banks 0.69% | ||||||||||||
Banco Nacional de Comercio Exterior SNC | 2.72% (5 yr. CMT + 2.00%) | # | 8/11/2031 | $ | 250,000 | $ | 226,450 | |||||
BBVA Bancomer SA† | 8.125% (5 yr. CMT + 4.21%) | # | 1/8/2039 | 550,000 | 570,182 | |||||||
796,632 | ||||||||||||
Electric 0.82% | ||||||||||||
Comision Federal de Electricidad | 3.875% | 7/26/2033 | 800,000 | 654,080 | ||||||||
Comision Federal de Electricidad | 4.677% | 2/9/2051 | 400,000 | 283,131 | ||||||||
937,211 | ||||||||||||
Oil & Gas 1.93% | ||||||||||||
Petroleos Mexicanos | 6.49% | 1/23/2027 | 264,000 | 249,200 | ||||||||
Petroleos Mexicanos | 6.70% | 2/16/2032 | 484,000 | 402,818 | ||||||||
Petroleos Mexicanos | 6.75% | 9/21/2047 | 880,000 | 585,886 | ||||||||
Petroleos Mexicanos | 6.84% | 1/23/2030 | 1,110,000 | 979,646 | ||||||||
2,217,550 | ||||||||||||
REITS 0.79% | ||||||||||||
CIBANCO SA Institucion de Banca Multiple Trust CIB/3332† | 4.375% | 7/22/2031 | 735,000 | 600,146 | ||||||||
Trust Fibra Uno† | 7.375% | 2/13/2034 | 300,000 | 299,725 | ||||||||
899,871 | ||||||||||||
Total Mexico | 4,851,264 | |||||||||||
Morocco 0.23% | ||||||||||||
Chemicals | ||||||||||||
OCP SA† | 5.125% | 6/23/2051 | 350,000 | 264,710 | ||||||||
Oman 1.81% | ||||||||||||
Electric 1.03% | ||||||||||||
OmGrid Funding Ltd.† | 5.196% | 5/16/2027 | 1,200,000 | 1,183,302 | ||||||||
Oil & Gas 0.78% | ||||||||||||
EDO Sukuk Ltd.† | 5.875% | 9/21/2033 | 875,000 | 892,744 | ||||||||
Total Oman | 2,076,046 | |||||||||||
Panama 0.47% | ||||||||||||
Banks | ||||||||||||
Multibank, Inc. | 7.75% | 2/3/2028 | 530,000 | 535,328 | ||||||||
Paraguay 0.25% | ||||||||||||
Banks | ||||||||||||
Banco Continental SAECA† | 2.75% | 12/10/2025 | 300,000 | 283,052 |
See Notes to Schedule of Investments. | 5 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Peru 0.84% | ||||||||||||
Banks 0.36% | ||||||||||||
Banco BBVA Peru SA† | 6.20% (5 yr. CMT + 2.00%) | # | 6/7/2034 | $ | 415,000 | $ | 414,637 | |||||
Oil & Gas 0.48% | ||||||||||||
Hunt Oil Co. of Peru LLC Sucursal Del Peru† | 8.55% | 9/18/2033 | 510,000 | 545,989 | ||||||||
Total Peru | 960,626 | |||||||||||
Philippines 0.58% | ||||||||||||
Commercial Services 0.29% | ||||||||||||
Royal Capital BV | 5.00% (5 yr. CMT + 7.40%) | # | – | (a) | 335,000 | 330,008 | ||||||
Retail 0.29% | ||||||||||||
Jollibee Worldwide Pte. Ltd. | 3.90% (5 yr. CMT + 4.78%) | # | – | (a) | 342,000 | 335,092 | ||||||
Total Philippines | 665,100 | |||||||||||
Qatar 1.56% | ||||||||||||
Oil & Gas | ||||||||||||
QatarEnergy† | 2.25% | 7/12/2031 | 1,500,000 | 1,259,557 | ||||||||
QatarEnergy† | 3.30% | 7/12/2051 | 750,000 | 531,135 | ||||||||
Total Qatar | 1,790,692 | |||||||||||
Saudi Arabia 1.00% | ||||||||||||
Electric 0.20% | ||||||||||||
Saudi Electricity Sukuk Programme Co. | 5.684% | 4/11/2053 | 225,000 | 221,931 | ||||||||
Investment Companies 0.29% | ||||||||||||
Gaci First Investment Co. | 4.875% | 2/14/2035 | 350,000 | 334,435 | ||||||||
Pipelines 0.51% | ||||||||||||
EIG Pearl Holdings SARL† | 3.545% | 8/31/2036 | 685,000 | 586,282 | ||||||||
Total Saudi Arabia | 1,142,648 | |||||||||||
Singapore 0.49% | ||||||||||||
Banks | ||||||||||||
United Overseas Bank Ltd.† | 2.00% (5 yr. CMT + 1.23%) | # | 10/14/2031 | 608,000 | 557,221 | |||||||
South Africa 0.87% | ||||||||||||
Electric | ||||||||||||
Eskom Holdings SOC Ltd.† | 7.125% | 2/11/2025 | 1,000,000 | 995,610 |
6 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Thailand 0.98% | ||||||||||||
Banks 0.49% | ||||||||||||
Bangkok Bank PCL | 3.733% (5 yr. CMT + 1.90%) | # | 9/25/2034 | $ | 625,000 | $ | 557,837 | |||||
Chemicals 0.49% | ||||||||||||
GC Treasury Center Co. Ltd.† | 2.98% | 3/18/2031 | 665,000 | 559,266 | ||||||||
Total Thailand | 1,117,103 | |||||||||||
Turkey 1.89% | ||||||||||||
Banks 0.88% | ||||||||||||
Akbank TAS† | 9.369% (5 yr. CMT + 5.27%) | # | – | (a) | 330,000 | 329,901 | ||||||
Turkiye Vakiflar Bankasi TAO† | 9.00% | 10/12/2028 | 325,000 | 342,062 | ||||||||
Yapi ve Kredi Bankasi AS† | 9.25% (5 yr. CMT + 5.28%) | # | 1/17/2034 | 330,000 | 339,940 | |||||||
1,011,903 | ||||||||||||
Commercial Services 0.49% | ||||||||||||
Limak Iskenderun Uluslararasi Liman Isletmeciligi AS | 9.50% | 7/10/2036 | 605,709 | 563,309 | ||||||||
Mining 0.52% | ||||||||||||
WE Soda Investments Holding PLC† | 9.375% | 2/14/2031 | 576,000 | 593,050 | ||||||||
Total Turkey | 2,168,262 | |||||||||||
Ukraine 0.62% | ||||||||||||
Agriculture | ||||||||||||
Kernel Holding SA† | 6.50% | 10/17/2024 | 200,000 | 179,710 | ||||||||
MHP Lux SA | 6.95% | 4/3/2026 | 350,000 | 293,845 | ||||||||
MHP SE | 7.75% | 5/10/2024 | 250,000 | 242,034 | ||||||||
Total Ukraine | 715,589 | |||||||||||
United Arab Emirates 2.00% | ||||||||||||
Energy-Alternate Sources 0.44% | ||||||||||||
Sweihan PV Power Co. PJSC† | 3.625% | 1/31/2049 | 635,944 | 507,742 | ||||||||
Investment Companies 0.52% | ||||||||||||
MDGH GMTN RSC Ltd.† | 5.50% | 4/28/2033 | 300,000 | 310,807 | ||||||||
MDGH GMTN RSC Ltd. | 5.875% | 5/1/2034 | 270,000 | 287,670 | ||||||||
598,477 | ||||||||||||
Pipelines 0.67% | ||||||||||||
Galaxy Pipeline Assets Bidco Ltd.† | 3.25% | 9/30/2040 | 1,000,000 | 763,911 | ||||||||
Sovereign 0.37% | ||||||||||||
Finance Department Government of Sharjah | 3.625% | 3/10/2033 | 500,000 | 422,880 | ||||||||
Total United Arab Emirates | 2,293,010 |
See Notes to Schedule of Investments. | 7 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
United Kingdom 1.01% | ||||||||||||
Banks | ||||||||||||
Standard Chartered PLC† | 6.301% (1 yr. CMT + 2.45%) | # | 1/9/2029 | $ | 545,000 | $ | 560,772 | |||||
Standard Chartered PLC† | 7.875% (5 yr. CMT + 3.57%) | # | – | (a) | 600,000 | 598,072 | ||||||
Total United Kingdom | 1,158,844 | |||||||||||
United States 0.15% | ||||||||||||
Oil & Gas | ||||||||||||
CITGO Petroleum Corp.† | 8.375% | 1/15/2029 | 168,000 | 176,654 | ||||||||
Venezuela 0.14% | ||||||||||||
Oil & Gas | ||||||||||||
Petroleos de Venezuela SA(b) | 9.00% | 11/17/2021 | 1,490,000 | 156,450 | ||||||||
Total Corporate Bonds (cost $50,406,333) | 47,885,485 | |||||||||||
FOREIGN GOVERNMENT OBLIGATIONS 56.16% | ||||||||||||
Angola 1.12% | ||||||||||||
Angola Government International Bonds† | 8.25% | 5/9/2028 | 800,000 | 772,410 | ||||||||
Angola Government International Bonds† | 9.125% | 11/26/2049 | 600,000 | 509,310 | ||||||||
Total Angola | 1,281,720 | |||||||||||
Argentina 1.09% | ||||||||||||
Argentina Republic Government International Bonds | 3.50% | (c) | 7/9/2041 | 1,173,000 | 475,133 | |||||||
Argentina Republic Government International Bonds | 3.625% | (c) | 7/9/2035 | 663,737 | 276,836 | |||||||
Argentina Republic Government International Bonds | 4.25% | (c) | 1/9/2038 | 1,081,193 | 503,613 | |||||||
Total Argentina | 1,255,582 | |||||||||||
Azerbaijan 0.15% | ||||||||||||
Republic of Azerbaijan International Bonds | 3.50% | 9/1/2032 | 200,000 | 170,340 | ||||||||
Bahrain 2.01% | ||||||||||||
Bahrain Government International Bonds† | 7.00% | 1/26/2026 | 900,000 | 911,425 | ||||||||
Bahrain Government International Bonds† | 7.50% | 2/12/2036 | 700,000 | 718,718 | ||||||||
Bahrain Government International Bonds | 7.50% | 9/20/2047 | 700,000 | 672,438 | ||||||||
Total Bahrain | 2,302,581 |
8 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Benin 0.17% | ||||||||||||
Benin Government International Bonds† | 7.96% | 2/13/2038 | $ | 200,000 | $ | 195,125 | ||||||
Bermuda 0.23% | ||||||||||||
Bermuda Government International Bonds† | 2.375% | 8/20/2030 | 320,000 | 268,864 | ||||||||
Brazil 2.69% | ||||||||||||
Brazil Government International Bonds | 6.125% | 3/15/2034 | 1,581,000 | 1,566,308 | ||||||||
Brazil Government International Bonds | 7.125% | 5/13/2054 | 1,500,000 | 1,512,825 | ||||||||
Total Brazil | 3,079,133 | |||||||||||
Cayman Islands 0.67% | ||||||||||||
Ivory Coast Government International Bonds | 6.125% | 6/15/2033 | 260,000 | 235,109 | ||||||||
Ivory Coast Government International Bonds | 6.375% | 3/3/2028 | 200,000 | 197,982 | ||||||||
Ivory Coast Government International Bonds | 6.375% | 3/3/2028 | 340,000 | 336,568 | ||||||||
Total Cayman Islands | 769,659 | |||||||||||
Chile 1.46% | ||||||||||||
Chile Government International Bonds | 4.95% | 1/5/2036 | 1,130,000 | 1,095,268 | ||||||||
Chile Government International Bonds | 5.33% | 1/5/2054 | 600,000 | 577,855 | ||||||||
Total Chile | 1,673,123 | |||||||||||
Colombia 2.58% | ||||||||||||
Colombia Government International Bonds | 4.125% | 5/15/2051 | 750,000 | 467,323 | ||||||||
Colombia Government International Bonds | 5.00% | 6/15/2045 | 1,735,000 | 1,263,115 | ||||||||
Colombia Government International Bonds | 7.50% | 2/2/2034 | 1,200,000 | 1,229,282 | ||||||||
Total Colombia | 2,959,720 | |||||||||||
Costa Rica 0.84% | ||||||||||||
Costa Rica Government International Bonds† | 5.625% | 4/30/2043 | 550,000 | 498,079 | ||||||||
Costa Rica Government International Bonds† | 6.55% | 4/3/2034 | 450,000 | 466,651 | ||||||||
Total Costa Rica | 964,730 | |||||||||||
Dominican Republic 1.99% | ||||||||||||
Dominican Republic International Bonds† | 4.50% | 1/30/2030 | 1,200,000 | 1,096,413 | ||||||||
Dominican Republic International Bonds† | 5.30% | 1/21/2041 | 750,000 | 639,315 | ||||||||
Dominican Republic International Bonds† | 5.875% | 1/30/2060 | 634,000 | 540,677 | ||||||||
Total Dominican Republic | 2,276,405 | |||||||||||
Ecuador 1.33% | ||||||||||||
Ecuador Government International Bonds† | 2.50% | (c) | 7/31/2040 | 1,740,077 | 850,550 | |||||||
Ecuador Government International Bonds† | 3.50% | (c) | 7/31/2035 | 1,275,000 | 674,405 | |||||||
Total Ecuador | 1,524,955 |
See Notes to Schedule of Investments. | 9 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Egypt 3.30% | ||||||||||||
Egypt Government International Bonds† | 7.30% | 9/30/2033 | $ | 1,400,000 | $ | 1,150,394 | ||||||
Egypt Government International Bonds | 7.60% | 3/1/2029 | 250,000 | 231,013 | ||||||||
Egypt Government International Bonds | 7.60% | 3/1/2029 | 1,400,000 | 1,293,670 | ||||||||
Egypt Government International Bonds† | 7.903% | 2/21/2048 | 920,000 | 699,927 | ||||||||
Egypt Government International Bonds† | 8.75% | 9/30/2051 | 500,000 | 405,937 | ||||||||
Total Egypt | 3,780,941 | |||||||||||
El Salvador 0.91% | ||||||||||||
El Salvador Government International Bonds | 7.65% | 6/15/2035 | 850,000 | 648,703 | ||||||||
El Salvador Government International Bonds† | 8.25% | 4/10/2032 | 470,000 | 391,095 | ||||||||
Total El Salvador | 1,039,798 | |||||||||||
Ghana 0.99% | ||||||||||||
Ghana Government International Bonds | 6.375% | 2/11/2027 | 985,000 | 508,053 | ||||||||
Ghana Government International Bonds | 8.625% | 4/7/2034 | 500,000 | 258,074 | ||||||||
Ghana Government International Bonds | 8.627% | 6/16/2049 | 725,000 | 366,981 | ||||||||
Total Ghana | 1,133,108 | |||||||||||
Guatemala 0.87% | ||||||||||||
Guatemala Government Bonds | 3.70% | 10/7/2033 | 250,000 | 207,094 | ||||||||
Guatemala Government Bonds† | 4.375% | 6/5/2027 | 625,000 | 600,836 | ||||||||
Guatemala Government Bonds† | 6.125% | 6/1/2050 | 200,000 | 186,768 | ||||||||
Total Guatemala | 994,698 | |||||||||||
Hungary 0.60% | ||||||||||||
Hungary Government International Bonds | 3.125% | 9/21/2051 | 600,000 | 380,754 | ||||||||
Hungary Government International Bonds† | 6.125% | 5/22/2028 | 300,000 | 307,701 | ||||||||
Total Hungary | 688,455 | |||||||||||
India 0.24% | ||||||||||||
Export-Import Bank of India | 5.50% | 1/18/2033 | 275,000 | 278,089 | ||||||||
Indonesia 1.78% | ||||||||||||
Indonesia Government International Bonds | 1.85% | 3/12/2031 | 2,260,000 | 1,846,255 | ||||||||
Perusahaan Penerbit SBSN Indonesia III† | 4.70% | 6/6/2032 | 200,000 | 196,375 | ||||||||
Total Indonesia | 2,042,630 | |||||||||||
Jordan 0.58% | ||||||||||||
Jordan Government International Bonds† | 5.85% | 7/7/2030 | 500,000 | 461,255 | ||||||||
Jordan Government International Bonds† | 7.50% | 1/13/2029 | 200,000 | 200,005 | ||||||||
Total Jordan | 661,260 |
10 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Kazakhstan 0.35% | ||||||||||||
Kazakhstan Government International Bonds† | 4.875% | 10/14/2044 | $ | 415,000 | $ | 396,325 | ||||||
Kenya 0.73% | ||||||||||||
Republic of Kenya Government International Bonds† | 6.30% | 1/23/2034 | 520,000 | 426,461 | ||||||||
Republic of Kenya Government International Bonds | 8.25% | 2/28/2048 | 200,000 | 172,580 | ||||||||
Republic of Kenya Government International Bonds† | 9.75% | 2/16/2031 | 228,000 | 234,127 | ||||||||
Total Kenya | 833,168 | |||||||||||
Lebanon 0.11% | ||||||||||||
Lebanon Government International Bonds(b) | 6.65% | 2/26/2030 | 1,948,000 | 131,490 | ||||||||
Mexico 2.95% | ||||||||||||
Mexico Bonos | 7.75% | 5/29/2031 | MXN | 2,080,000 | 115,087 | |||||||
Mexico Government International Bonds | 3.771% | 5/24/2061 | $ | 560,000 | 365,554 | |||||||
Mexico Government International Bonds | 5.00% | 5/7/2029 | 1,000,000 | 988,317 | ||||||||
Mexico Government International Bonds | 6.00% | 5/7/2036 | 950,000 | 954,091 | ||||||||
Mexico Government International Bonds | 6.338% | 5/4/2053 | 974,000 | 963,381 | ||||||||
Total Mexico | 3,386,430 | |||||||||||
Morocco 0.72% | ||||||||||||
Morocco Government International Bonds† | 3.00% | 12/15/2032 | 600,000 | 483,150 | ||||||||
Morocco Government International Bonds† | 4.00% | 12/15/2050 | 500,000 | 342,529 | ||||||||
Total Morocco | 825,679 | |||||||||||
Nigeria 2.17% | ||||||||||||
Nigeria Government International Bonds† | 6.50% | 11/28/2027 | 1,250,000 | 1,178,277 | ||||||||
Nigeria Government International Bonds† | 7.375% | 9/28/2033 | 950,000 | 815,433 | ||||||||
Nigeria Government International Bonds | 8.25% | 9/28/2051 | 600,000 | 493,293 | ||||||||
Total Nigeria | 2,487,003 | |||||||||||
Oman 1.62% | ||||||||||||
Oman Government International Bonds† | 6.25% | 1/25/2031 | 800,000 | 829,000 | ||||||||
Oman Government International Bonds† | 6.75% | 1/17/2048 | 1,000,000 | 1,026,050 | ||||||||
Total Oman | 1,855,050 | |||||||||||
Pakistan 0.85% | ||||||||||||
Pakistan Government International Bonds | 6.00% | 4/8/2026 | 415,000 | 372,586 | ||||||||
Pakistan Government International Bonds | 7.375% | 4/8/2031 | 765,000 | 603,998 | ||||||||
Total Pakistan | 976,584 |
See Notes to Schedule of Investments. | 11 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Panama 1.14% | ||||||||||||
Panama Government International Bonds | 2.252% | 9/29/2032 | $ | 1,000,000 | $ | 716,452 | ||||||
Panama Government International Bonds | 3.87% | 7/23/2060 | 1,010,000 | 588,295 | ||||||||
Total Panama | 1,304,747 | |||||||||||
Paraguay 0.96% | ||||||||||||
Paraguay Government International Bonds† | 5.40% | 3/30/2050 | 675,000 | 595,205 | ||||||||
Paraguay Government International Bonds† | 5.85% | 8/21/2033 | 500,000 | 501,257 | ||||||||
Total Paraguay | 1,096,462 | |||||||||||
Peru 2.09% | ||||||||||||
Peru Government International Bonds | 1.862% | 12/1/2032 | 1,100,000 | 840,125 | ||||||||
Peru Government International Bonds | 3.00% | 1/15/2034 | 1,900,000 | 1,560,850 | ||||||||
Total Peru | 2,400,975 | |||||||||||
Philippines 1.37% | ||||||||||||
Philippines Government International Bonds | 2.65% | 12/10/2045 | 1,000,000 | 665,192 | ||||||||
ROP Sukuk Trust† | 5.045% | 6/6/2029 | 900,000 | 904,950 | ||||||||
Total Philippines | 1,570,142 | |||||||||||
Poland 0.52% | ||||||||||||
Bank Gospodarstwa Krajowego† | 5.375% | 5/22/2033 | 200,000 | 199,221 | ||||||||
Republic of Poland Government International Bonds | 5.50% | 4/4/2053 | 400,000 | 399,600 | ||||||||
Total Poland | 598,821 | |||||||||||
Qatar 1.12% | ||||||||||||
Qatar Government International Bonds | 4.40% | 4/16/2050 | 500,000 | 442,633 | ||||||||
Qatar Government International Bonds† | 4.40% | 4/16/2050 | 950,000 | 841,004 | ||||||||
Total Qatar | 1,283,637 | |||||||||||
Romania 0.81% | ||||||||||||
Romania Government International Bonds† | 2.625% | 12/2/2040 | EUR | 500,000 | 369,483 | |||||||
Romania Government International Bonds | 4.00% | 2/14/2051 | $ | 400,000 | 284,200 | |||||||
Romania Government International Bonds | 6.00% | 5/25/2034 | 280,000 | 278,623 | ||||||||
Total Romania | 932,306 | |||||||||||
Saudi Arabia 2.18% | ||||||||||||
KSA Sukuk Ltd.† | 2.25% | 5/17/2031 | 670,000 | 567,205 | ||||||||
Saudi Government International Bonds† | 3.45% | 2/2/2061 | 2,900,000 | 1,933,967 | ||||||||
Total Saudi Arabia | 2,501,172 |
12 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Senegal 0.64% | ||||||||||||
Senegal Government International Bonds† | 5.375% | 6/8/2037 | EUR | 220,000 | $ | 173,143 | ||||||
Senegal Government International Bonds† | 6.25% | 5/23/2033 | $ | 350,000 | 299,199 | |||||||
Senegal Government International Bonds | 6.75% | 3/13/2048 | 350,000 | 260,623 | ||||||||
Total Senegal | 732,965 | |||||||||||
Serbia 0.45% | ||||||||||||
Serbia International Bonds† | 6.25% | 5/26/2028 | 500,000 | 511,259 | ||||||||
South Africa 2.06% | ||||||||||||
Republic of South Africa Government International Bonds | 4.30% | 10/12/2028 | 1,556,000 | 1,400,073 | ||||||||
Republic of South Africa Government International Bonds | 5.75% | 9/30/2049 | 1,323,000 | 963,083 | ||||||||
Total South Africa | 2,363,156 | |||||||||||
Sri Lanka 1.09% | ||||||||||||
Sri Lanka Government International Bonds†(b) | 5.75% | 4/18/2023 | 631,000 | 373,737 | ||||||||
Sri Lanka Government International Bonds†(b) | 5.875% | 7/25/2022 | 920,000 | 546,130 | ||||||||
Sri Lanka Government International Bonds† | 7.55% | 3/28/2030 | 550,000 | 324,461 | ||||||||
Total Sri Lanka | 1,244,328 | |||||||||||
Trinidad And Tobago 0.44% | ||||||||||||
Trinidad & Tobago Government International Bonds† | 5.95% | 1/14/2031 | 500,000 | 503,375 | ||||||||
Turkey 3.34% | ||||||||||||
Istanbul Metropolitan Municipality† | 10.50% | 12/6/2028 | 500,000 | 536,275 | ||||||||
Turkiye Government International Bonds | 5.75% | 5/11/2047 | 1,250,000 | 953,131 | ||||||||
Turkiye Government International Bonds | 7.625% | 5/15/2034 | 1,250,000 | 1,256,563 | ||||||||
Turkiye Ihracat Kredi Bankasi AS† | 7.50% | 2/6/2028 | 500,000 | 502,465 | ||||||||
Turkiye Ihracat Kredi Bankasi AS† | 9.00% | 1/28/2027 | 550,000 | 575,573 | ||||||||
Total Turkey | 3,824,007 | |||||||||||
Ukraine 0.43% | ||||||||||||
Ukraine Government International Bonds | 7.375% | 9/25/2034 | 1,700,000 | 495,357 | ||||||||
United Arab Emirates 1.04% | ||||||||||||
Abu Dhabi Government International Bonds† | 3.125% | 9/30/2049 | 1,000,000 | 704,742 | ||||||||
UAE International Government Bonds† | 3.25% | 10/19/2061 | 700,000 | 483,630 | ||||||||
Total United Arab Emirates | 1,188,372 |
See Notes to Schedule of Investments. | 13 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Uruguay 0.54% | ||||||||||||
Uruguay Government International Bonds | 4.975% | 4/20/2055 | $ | 226,000 | $ | 212,976 | ||||||
Uruguay Government International Bonds | 5.75% | 10/28/2034 | 385,000 | 406,945 | ||||||||
Total Uruguay | 619,921 | |||||||||||
Uzbekistan 0.27% | ||||||||||||
Republic of Uzbekistan International Bonds† | 7.85% | 10/12/2028 | 300,000 | 314,193 | ||||||||
Venezuela 0.28% | ||||||||||||
Venezuela Government International Bonds(b) | 12.75% | 8/23/2022 | 1,860,000 | 325,404 | ||||||||
Zambia 0.29% | ||||||||||||
Zambia Government International Bonds | 8.50% | 4/14/2024 | 450,000 | 333,810 | ||||||||
Total Foreign Government Obligations (cost $72,609,320) | 64,377,054 | |||||||||||
Total Investments in Securities 97.99% (cost $123,071,213) | 112,318,156 | |||||||||||
Other Assets and Liabilities – Net(d) 2.01% | 2,309,714 | |||||||||||
Net Assets 100.00% | $ | 114,627,870 |
EUR | Euro. | |
MXN | Mexican Peso. | |
CMT | Constant Maturity Rate. | |
REITS | Real Estate Investment Trusts. | |
‡ | Principal Amount is denominated in U.S. dollars unless otherwise noted. | |
† | 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, 2024, the total value of Rule 144A securities was $62,489,891, which represents 54.52% of net assets. | |
# | Variable rate security. The interest rate represents the rate in effect at March 31, 2024. | |
(a) | Security is perpetual in nature and has no stated maturity. | |
(b) | Defaulted (non-income producing security). | |
(c) | Step Bond – Security with a predetermined schedule of interest rate changes. | |
(d) | Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts and futures contracts as follows: |
Forward Foreign Currency Exchange Contracts at March 31, 2024:
Forward Foreign Currency Exchange Contracts | Transaction Type | Counterparty | Expiration Date | Foreign Currency | U.S. $ Cost on Origination Date | U.S. $ Current Value | Unrealized Appreciation | |||||||||||||
Euro | Sell | Morgan Stanley | 5/22/2024 | 483,000 | $523,776 | $522,100 | $1,676 | |||||||||||||
Futures Contracts at March 31, 2024: | ||||||||||||||||||||
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Appreciation | ||||||||||||||
U.S. Long Bond | June 2024 | 90 | Long | $ | 10,629,605 | $ | 10,839,375 | $ | 209,770 |
14 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS BOND FUND March 31, 2024
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Depreciation | ||||||||||||
Euro-Bund | June 2024 | 8 | Short | EUR | (1,059,753 | ) | EUR | (1,067,040 | ) | $ | (7,862 | ) | ||||||
Euro-Buxl | June 2024 | 2 | Short | (266,318 | ) | (271,600 | ) | (5,698 | ) | |||||||||
U.S. 10-Year Treasury Note | June 2024 | 24 | Short | $ | (2,653,002 | ) | $ | (2,659,125 | ) | (6,123 | ) | |||||||
U.S. 10-Year Ultra Treasury Note | June 2024 | 146 | Short | (16,618,148 | ) | (16,732,969 | ) | (114,821 | ) | |||||||||
U.S. 2-Year Treasury Note | June 2024 | 40 | Long | 8,190,360 | 8,179,376 | (10,984 | ) | |||||||||||
U.S. 5-Year Treasury Note | June 2024 | 15 | Short | (1,602,440 | ) | (1,605,234 | ) | (2,794 | ) | |||||||||
U.S. Ultra Treasury Bond | June 2024 | 32 | Short | (4,030,577 | ) | (4,128,000 | ) | (97,423 | ) | |||||||||
Total Unrealized Depreciation on Futures Contracts | $ | (245,705 | ) |
The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments | ||||||||||||||||
Convertible Bonds | $ | – | $ | 55,617 | $ | – | $ | 55,617 | ||||||||
Corporate Bonds | – | 47,885,485 | – | 47,885,485 | ||||||||||||
Foreign Government Obligations | – | 64,377,054 | – | 64,377,054 | ||||||||||||
Total | $ | – | $ | 112,318,156 | $ | – | $ | 112,318,156 | ||||||||
Other Financial Instruments | ||||||||||||||||
Forward Foreign Currency Exchange Contracts | ||||||||||||||||
Assets | $ | – | $ | 1,676 | $ | – | $ | 1,676 | ||||||||
Liabilities | – | – | – | – | ||||||||||||
Futures Contracts | ||||||||||||||||
Assets | 209,770 | – | – | 209,770 | ||||||||||||
Liabilities | (245,705 | ) | – | – | (245,705 | ) | ||||||||||
Total | $ | (35,935 | ) | $ | 1,676 | $ | – | $ | (34,259 | ) |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. | |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
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. | 15 |
Schedule of Investments (unaudited)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Shares | Fair Value | ||||||||||
LONG-TERM INVESTMENTS 97.82% | ||||||||||||
COMMON STOCKS 0.15% | ||||||||||||
United States | ||||||||||||
Chemicals | ||||||||||||
Mosaic Co. (cost $67,800) | 1,291 | $ | 41,906 | |||||||||
Interest Rate | Maturity Date | Principal Amount‡ | ||||||||||
CONVERTIBLE BONDS 0.81% | ||||||||||||
China 0.05% | ||||||||||||
Lodging | ||||||||||||
H World Group Ltd. | 3.00% | 5/1/2026 | $ | 12,000 | 13,904 | |||||||
Macau 0.76% | ||||||||||||
Lodging | ||||||||||||
Wynn Macau Ltd.† | 4.50% | 3/7/2029 | 200,000 | 212,725 | ||||||||
Total Convertible Bonds (cost $213,887) | 226,629 | |||||||||||
CORPORATE BONDS 94.03% | ||||||||||||
Argentina 1.72% | ||||||||||||
Energy-Alternate Sources 0.53% | ||||||||||||
YPF Energia Electrica SA† | 10.00% | 7/25/2026 | 150,000 | 148,553 | ||||||||
Oil & Gas 1.19% | ||||||||||||
YPF SA† | 6.95% | 7/21/2027 | 200,000 | 180,788 | ||||||||
YPF SA† | 9.50% | 1/17/2031 | 150,000 | 153,417 | ||||||||
334,205 | ||||||||||||
Total Argentina | 482,758 | |||||||||||
Brazil 6.80% | ||||||||||||
Airlines 0.73% | ||||||||||||
Azul Secured Finance LLP† | 11.93% | 8/28/2028 | 200,000 | 205,169 | ||||||||
Building Materials 0.71% | ||||||||||||
St. Mary’s Cement, Inc.† | 5.75% | 4/2/2034 | 200,000 | 198,600 | ||||||||
Chemicals 0.61% | ||||||||||||
Braskem Netherlands Finance BV | 4.50% | 1/31/2030 | 200,000 | 172,100 | ||||||||
Health Care-Services 0.68% | ||||||||||||
Rede D’or Finance SARL | 4.95% | 1/17/2028 | 200,000 | 191,479 |
16 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Brazil (continued) | ||||||||||||
Iron-Steel 0.70% | ||||||||||||
CSN Inova Ventures† | 6.75% | 1/28/2028 | $ | 200,000 | $ | 196,159 | ||||||
Media 0.62% | ||||||||||||
Globo Comunicacao e Participacoes SA† | 4.875% | 1/22/2030 | 200,000 | 175,115 | ||||||||
Oil & Gas 1.99% | ||||||||||||
Cosan Luxembourg SA† | 7.25% | 6/27/2031 | 200,000 | 204,387 | ||||||||
MC Brazil Downstream Trading SARL† | 7.25% | 6/30/2031 | 390,759 | 354,017 | ||||||||
558,404 | ||||||||||||
Water 0.76% | ||||||||||||
Aegea Finance SARL† | 9.00% | 1/20/2031 | 200,000 | 211,944 | ||||||||
Total Brazil | 1,908,970 | |||||||||||
Chile 4.76% | ||||||||||||
Banks 1.41% | ||||||||||||
Banco de Credito e Inversiones SA† | 3.50% | 10/12/2027 | 200,000 | 189,137 | ||||||||
Banco de Credito e Inversiones SA† | 8.75% (5 yr. CMT + 4.94%) | # | – | (a) | 200,000 | 206,375 | ||||||
395,512 | ||||||||||||
Electric 1.36% | ||||||||||||
Alfa Desarrollo SpA† | 4.55% | 9/27/2051 | 248,235 | 189,882 | ||||||||
Colbun SA | 3.95% | 10/11/2027 | 200,000 | 191,005 | ||||||||
380,887 | ||||||||||||
Engineering & Construction 0.67% | ||||||||||||
ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Partners | 4.05% | 4/27/2026 | 200,000 | 189,621 | ||||||||
Forest Products & Paper 0.72% | ||||||||||||
Inversiones CMPC SA† | 6.125% | 2/26/2034 | 200,000 | 203,435 | ||||||||
Mining 0.60% | ||||||||||||
Antofagasta PLC† | 2.375% | 10/14/2030 | 200,000 | 167,438 | ||||||||
Total Chile | 1,336,893 | |||||||||||
China 6.33% | ||||||||||||
Computers 0.63% | ||||||||||||
Lenovo Group Ltd. | 3.421% | 11/2/2030 | 200,000 | 175,656 | ||||||||
Diversified Financial Services 1.05% | ||||||||||||
BOC Aviation USA Corp.† | 4.875% | 5/3/2033 | 300,000 | 294,342 | ||||||||
Internet 3.21% | ||||||||||||
Meituan | 3.05% | 10/28/2030 | 300,000 | 257,031 | ||||||||
Prosus NV | 3.061% | 7/13/2031 | 200,000 | 162,882 | ||||||||
Prosus NV† | 3.257% | 1/19/2027 | 200,000 | 185,456 |
See Notes to Schedule of Investments. | 17 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
China (continued) | ||||||||||||
Prosus NV† | 3.832% | 2/8/2051 | $ | 200,000 | $ | 123,205 | ||||||
Weibo Corp. | 3.375% | 7/8/2030 | 200,000 | 173,879 | ||||||||
902,453 | ||||||||||||
Investment Companies 0.65% | ||||||||||||
Huarong Finance 2019 Co. Ltd. | 4.50% | 5/29/2029 | 200,000 | 183,026 | ||||||||
Real Estate 0.20% | ||||||||||||
Country Garden Holdings Co. Ltd.(b) | 3.30% | 1/12/2031 | 500,000 | 34,760 | ||||||||
Kaisa Group Holdings Ltd.(b) | 11.95% | 10/22/2022 | 400,000 | 9,500 | ||||||||
Ronshine China Holdings Ltd.(b) | 8.10% | 6/9/2023 | 200,000 | 3,078 | ||||||||
Shimao Group Holdings Ltd.(b) | 3.45% | 1/11/2031 | 200,000 | 8,000 | ||||||||
55,338 | ||||||||||||
Telecommunications 0.59% | ||||||||||||
Xiaomi Best Time International Ltd. | 2.875% | 7/14/2031 | 200,000 | 166,643 | ||||||||
Total China | 1,777,458 | |||||||||||
Colombia 3.17% | ||||||||||||
Banks 0.69% | ||||||||||||
Bancolombia SA | 4.625% (5 yr. CMT + 2.94%) | # | 12/18/2029 | 200,000 | 195,083 | |||||||
Oil & Gas 1.76% | ||||||||||||
Ecopetrol SA | 5.875% | 11/2/2051 | 302,000 | 217,592 | ||||||||
Ecopetrol SA | 8.375% | 1/19/2036 | 170,000 | 171,707 | ||||||||
Ecopetrol SA | 8.625% | 1/19/2029 | 98,000 | 103,937 | ||||||||
493,236 | ||||||||||||
Pipelines 0.72% | ||||||||||||
AI Candelaria Spain SA† | 5.75% | 6/15/2033 | 250,000 | 203,090 | ||||||||
Total Colombia | 891,409 | |||||||||||
Dominican Republic 0.65% | ||||||||||||
Energy-Alternate Sources | ||||||||||||
Empresa Generadora de Electricidad Haina SA† | 5.625% | 11/8/2028 | 200,000 | 182,101 | ||||||||
Ghana 0.70% | ||||||||||||
Oil & Gas | ||||||||||||
Kosmos Energy Ltd.† | 7.75% | 5/1/2027 | 200,000 | 197,619 | ||||||||
Guatemala 0.89% | ||||||||||||
Beverages 0.20% | ||||||||||||
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL† | 5.25% | 4/27/2029 | 59,000 | 56,281 |
18 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Guatemala (continued) | ||||||||||||
Electric 0.69% | ||||||||||||
Investment Energy Resources Ltd. | 6.25% | 4/26/2029 | $ | 200,000 | $ | 192,169 | ||||||
Total Guatemala | 248,450 | |||||||||||
Hong Kong 0.71% | ||||||||||||
Insurance | ||||||||||||
AIA Group Ltd.†(c) | 5.375% | 4/5/2034 | 200,000 | 200,569 | ||||||||
India 5.96% | ||||||||||||
Commercial Services 1.52% | ||||||||||||
Adani Ports & Special Economic Zone Ltd.† | 3.10% | 2/2/2031 | 300,000 | 239,177 | ||||||||
JSW Infrastructure Ltd. | 4.95% | 1/21/2029 | 200,000 | 187,847 | ||||||||
427,024 | ||||||||||||
Electric 2.40% | ||||||||||||
Adani Transmission Step-One Ltd.† | 4.00% | 8/3/2026 | 300,000 | 282,206 | ||||||||
Continuum Energy Aura Pte. Ltd.† | 9.50% | 2/24/2027 | 200,000 | 208,326 | ||||||||
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries | 4.50% | 7/14/2028 | 200,000 | 183,099 | ||||||||
673,631 | ||||||||||||
Engineering & Construction 1.38% | ||||||||||||
GMR Hyderabad International Airport Ltd. | 4.25% | 10/27/2027 | 200,000 | 184,800 | ||||||||
IRB Infrastructure Developers Ltd.† | 7.11% | 3/11/2032 | 200,000 | 203,000 | ||||||||
387,800 | ||||||||||||
Iron-Steel 0.66% | ||||||||||||
JSW Steel Ltd. | 3.95% | 4/5/2027 | 200,000 | 186,299 | ||||||||
Total India | 1,674,754 | |||||||||||
Indonesia 4.39% | ||||||||||||
Coal 0.90% | ||||||||||||
Indika Energy Capital IV Pte. Ltd. | 8.25% | 10/22/2025 | 250,000 | 254,062 | ||||||||
Electric 1.14% | ||||||||||||
Minejesa Capital BV | 5.625% | 8/10/2037 | 350,000 | 318,697 | ||||||||
Mining 1.42% | ||||||||||||
Bukit Makmur Mandiri Utama PT† | 7.75% | 2/10/2026 | 200,000 | 199,000 | ||||||||
Freeport Indonesia PT | 6.20% | 4/14/2052 | 200,000 | 198,980 | ||||||||
397,980 | ||||||||||||
Oil & Gas 0.93% | ||||||||||||
Medco Maple Tree Pte. Ltd.† | 8.96% | 4/27/2029 | 250,000 | 260,526 | ||||||||
Total Indonesia | 1,231,265 |
See Notes to Schedule of Investments. | 19 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Israel 3.57% | ||||||||||||
Banks 1.30% | ||||||||||||
Bank Hapoalim BM | 3.255% (5 yr. CMT + 2.16%) | # | 1/21/2032 | $ | 200,000 | $ | 179,986 | |||||
Bank Leumi Le-Israel BM | 3.275% (5 yr. CMT + 1.63%) | # | 1/29/2031 | 200,000 | 185,802 | |||||||
365,788 | ||||||||||||
Oil & Gas 0.23% | ||||||||||||
Leviathan Bond Ltd. | 6.75% | 6/30/2030 | 70,000 | 65,113 | ||||||||
Pharmaceuticals 2.04% | ||||||||||||
Teva Pharmaceutical Finance Netherlands III BV | 3.15% | 10/1/2026 | 500,000 | 467,846 | ||||||||
Teva Pharmaceutical Finance Netherlands III BV | 4.10% | 10/1/2046 | 150,000 | 103,504 | ||||||||
571,350 | ||||||||||||
Total Israel | 1,002,251 | |||||||||||
Kazakhstan 2.23% | ||||||||||||
Oil & Gas | ||||||||||||
KazMunayGas National Co. JSC | 5.375% | 4/24/2030 | 200,000 | 196,590 | ||||||||
KazMunayGas National Co. JSC | 6.375% | 10/24/2048 | 200,000 | 187,304 | ||||||||
Tengizchevroil Finance Co. International Ltd.† | 3.25% | 8/15/2030 | 300,000 | 243,514 | ||||||||
Total Kazakhstan | 627,408 | |||||||||||
Kuwait 1.68% | ||||||||||||
Banks | ||||||||||||
NBK SPC Ltd.† | 1.625% (SOFR + 1.05%) | # | 9/15/2027 | 200,000 | 182,485 | |||||||
NBK Tier 1 Financing 2 Ltd.† | 4.50% (6 yr. CMT + 2.83%) | # | – | (a) | 300,000 | 289,875 | ||||||
Total Kuwait | 472,360 | |||||||||||
Macau 4.10% | ||||||||||||
Lodging | ||||||||||||
MGM China Holdings Ltd. | 4.75% | 2/1/2027 | 200,000 | 190,700 | ||||||||
MGM China Holdings Ltd. | 4.75% | 2/1/2027 | 200,000 | 190,700 | ||||||||
Sands China Ltd. | 5.125% | 8/8/2025 | 200,000 | 197,424 | ||||||||
Sands China Ltd. | 5.40% | 8/8/2028 | 200,000 | 196,267 | ||||||||
Studio City Co. Ltd.† | 7.00% | 2/15/2027 | 200,000 | 200,334 | ||||||||
Studio City Finance Ltd. | 5.00% | 1/15/2029 | 200,000 | 176,133 | ||||||||
Total Macau | 1,151,558 |
20 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Malaysia 1.96% | ||||||||||||
Oil & Gas 0.60% | ||||||||||||
Petronas Capital Ltd. | 2.48% | 1/28/2032 | $ | 200,000 | $ | 166,998 | ||||||
Transportation 1.36% | ||||||||||||
MISC Capital Two Labuan Ltd. | 3.75% | 4/6/2027 | 400,000 | 382,347 | ||||||||
Total Malaysia | 549,345 | |||||||||||
Mexico 5.41% | ||||||||||||
Banks 2.09% | ||||||||||||
Banco Mercantil del Norte SA | 6.75% (5 yr. CMT + 4.97%) | # | – | (a) | 200,000 | 198,708 | ||||||
Banco Nacional de Comercio Exterior SNC | 2.72% (5 yr. CMT + 2.00%) | # | 8/11/2031 | 200,000 | 181,160 | |||||||
BBVA Bancomer SA† | 8.125% (5 yr. CMT + 4.21%) | # | 1/8/2039 | 200,000 | 207,339 | |||||||
587,207 | ||||||||||||
Electric 0.50% | ||||||||||||
Comision Federal de Electricidad | 4.677% | 2/9/2051 | 200,000 | 141,565 | ||||||||
Mining 0.90% | ||||||||||||
Industrias Penoles SAB de CV† | 4.75% | 8/6/2050 | 200,000 | 156,544 | ||||||||
Southern Copper Corp. | 5.25% | 11/8/2042 | 100,000 | 94,841 | ||||||||
251,385 | ||||||||||||
Oil & Gas 0.63% | ||||||||||||
Petroleos Mexicanos | 6.49% | 1/23/2027 | 186,000 | 175,573 | ||||||||
REITS 1.29% | ||||||||||||
CIBANCO SA Institucion de Banca Multiple Trust CIB/3332† | 4.375% | 7/22/2031 | 200,000 | 163,305 | ||||||||
Trust Fibra Uno† | 7.375% | 2/13/2034 | 200,000 | 199,817 | ||||||||
363,122 | ||||||||||||
Total Mexico | 1,518,852 | |||||||||||
Morocco 0.61% | ||||||||||||
Chemicals | ||||||||||||
OCP SA† | 3.75% | 6/23/2031 | 200,000 | 170,985 | ||||||||
Nigeria 0.36% | ||||||||||||
Banks | ||||||||||||
BOI Finance BV† | 7.50% | 2/16/2027 | EUR | 100,000 | 102,305 | |||||||
Panama 0.72% | ||||||||||||
Banks | ||||||||||||
Multibank, Inc. | 7.75% | 2/3/2028 | $ | 200,000 | 202,011 |
See Notes to Schedule of Investments. | 21 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Paraguay 1.37% | ||||||||||||
Banks 0.67% | ||||||||||||
Banco Continental SAECA† | 2.75% | 12/10/2025 | $ | 200,000 | $ | 188,701 | ||||||
Telecommunications 0.70% | ||||||||||||
Telefonica Celular del Paraguay SA | 5.875% | 4/15/2027 | 200,000 | 194,535 | ||||||||
Total Paraguay | 383,236 | |||||||||||
Peru 2.73% | ||||||||||||
Banks 0.71% | ||||||||||||
Banco BBVA Peru SA† | 6.20% (5 yr. CMT + 2.00%) | # | 6/7/2034 | 200,000 | 199,825 | |||||||
Oil & Gas 0.76% | ||||||||||||
Hunt Oil Co. of Peru LLC Sucursal Del Peru† | 8.55% | 9/18/2033 | 200,000 | 214,113 | ||||||||
Packaging & Containers 0.62% | ||||||||||||
SAN Miguel Industrias Pet SA/NG PET R&P Latin America SA | 3.50% | 8/2/2028 | 200,000 | 173,803 | ||||||||
Retail 0.64% | ||||||||||||
InRetail Consumer† | 3.25% | 3/22/2028 | 200,000 | 179,812 | ||||||||
Total Peru | 767,553 | |||||||||||
Philippines 2.09% | ||||||||||||
Electric 0.70% | ||||||||||||
SMC Global Power Holdings Corp. | 5.95% (5 yr. CMT + 6.80%) | # | – | (a) | 200,000 | 195,191 | ||||||
Holding Companies-Diversified 0.69% | ||||||||||||
San Miguel Corp. | 5.50% (5 yr. CMT + 10.24%) | # | – | (a) | 200,000 | 195,000 | ||||||
Retail 0.70% | ||||||||||||
Jollibee Worldwide Pte. Ltd. | 3.90% (5 yr. CMT + 4.78%) | # | – | (a) | 200,000 | 195,960 | ||||||
Total Philippines | 586,151 | |||||||||||
Qatar 2.66% | ||||||||||||
Banks 1.00% | ||||||||||||
QNB Finance Ltd. | 2.75% | 2/12/2027 | 300,000 | 280,782 | ||||||||
Gas 0.45% | ||||||||||||
Nakilat, Inc.† | 6.267% | 12/31/2033 | 120,228 | 125,993 | ||||||||
Oil & Gas 0.60% | ||||||||||||
QatarEnergy† | 2.25% | 7/12/2031 | 200,000 | 167,941 | ||||||||
Telecommunications 0.61% | ||||||||||||
Ooredoo International Finance Ltd.† | 2.625% | 4/8/2031 | 200,000 | 172,171 | ||||||||
Total Qatar | 746,887 |
22 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Russia 0.00% | ||||||||||||
Banks | ||||||||||||
Alfa Bank AO Via Alfa Bond Issuance PLC | 5.50% (5 yr. CMT + 4.55%) | # | 10/26/2031 | $ | 300,000 | $ | – | (d) | ||||
Sberbank of Russia Via SB Capital SA(b) | 5.25% | 5/23/2023 | 450,000 | – | (d) | |||||||
Total Russia | – | |||||||||||
Saudi Arabia 4.16% | ||||||||||||
Electric 0.70% | ||||||||||||
Saudi Electricity Sukuk Programme Co. | 5.684% | 4/11/2053 | 200,000 | 197,272 | ||||||||
Oil & Gas 1.50% | ||||||||||||
Saudi Arabian Oil Co. | 2.25% | 11/24/2030 | 500,000 | 422,164 | ||||||||
Pipelines 1.96% | ||||||||||||
EIG Pearl Holdings SARL† | 3.545% | 8/31/2036 | 400,000 | 342,354 | ||||||||
TMS Issuer SARL† | 5.78% | 8/23/2032 | 200,000 | 206,438 | ||||||||
548,792 | ||||||||||||
Total Saudi Arabia | 1,168,228 | |||||||||||
Singapore 1.32% | ||||||||||||
Banks | ||||||||||||
DBS Group Holdings Ltd. | 1.822% (5 yr. CMT + 1.10%) | # | 3/10/2031 | 200,000 | 186,205 | |||||||
United Overseas Bank Ltd.† | 2.00% (5 yr. CMT + 1.23%) | # | 10/14/2031 | 200,000 | 183,297 | |||||||
Total Singapore | 369,502 | |||||||||||
South Africa 0.72% | ||||||||||||
Mining | ||||||||||||
Gold Fields Orogen Holdings BVI Ltd. | 6.125% | 5/15/2029 | 200,000 | 203,436 | ||||||||
South Korea 3.40% | ||||||||||||
Banks 0.67% | ||||||||||||
Hana Bank | 3.50% (5 yr. CMT + 2.41%) | # | – | (a) | 200,000 | 187,846 | ||||||
Electric 0.97% | ||||||||||||
Korea Midland Power Co. Ltd. | 1.25% | 8/9/2026 | 300,000 | 272,134 | ||||||||
Energy-Alternate Sources 1.05% | ||||||||||||
Hanwha Energy USA Holdings Corp.† | 4.125% | 7/5/2025 | 300,000 | 295,067 | ||||||||
Semiconductors 0.71% | ||||||||||||
SK Hynix, Inc.† | 5.50% | 1/16/2029 | 200,000 | 199,597 | ||||||||
Total South Korea | 954,644 |
See Notes to Schedule of Investments. | 23 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Supranational 1.17% | ||||||||||||
Multi-National | ||||||||||||
African Export-Import Bank† | 2.634% | 5/17/2026 | $ | 350,000 | $ | 327,906 | ||||||
Taiwan 2.42% | ||||||||||||
Semiconductors | ||||||||||||
TSMC Global Ltd. | 2.25% | 4/23/2031 | 800,000 | 679,901 | ||||||||
Thailand 3.38% | ||||||||||||
Banks 2.18% | ||||||||||||
Bangkok Bank PCL† | 3.466% (5 yr. CMT + 2.15%) | # | 9/23/2036 | 300,000 | 253,319 | |||||||
Bangkok Bank PCL | 3.733% (5 yr. CMT + 1.90%) | # | 9/25/2034 | 400,000 | 357,016 | |||||||
610,335 | ||||||||||||
Chemicals 0.60% | ||||||||||||
GC Treasury Center Co. Ltd.† | 2.98% | 3/18/2031 | 200,000 | 168,200 | ||||||||
Oil & Gas 0.60% | ||||||||||||
Thaioil Treasury Center Co. Ltd.† | 2.50% | 6/18/2030 | 200,000 | 169,039 | ||||||||
Total Thailand | 947,574 | |||||||||||
Turkey 3.59% | ||||||||||||
Banks 2.20% | ||||||||||||
Akbank TAS† | 9.369% (5 yr. CMT + 5.27%) | # | – | (a) | 200,000 | 199,940 | ||||||
Turkiye Vakiflar Bankasi TAO† | 9.00% | 10/12/2028 | 200,000 | 210,500 | ||||||||
Yapi ve Kredi Bankasi AS† | 9.25% (5 yr. CMT + 5.28%) | # | 1/17/2034 | 200,000 | 206,024 | |||||||
616,464 | ||||||||||||
Commercial Services 0.66% | ||||||||||||
Limak Iskenderun Uluslararasi Liman Isletmeciligi AS† | 9.50% | 7/10/2036 | 198,593 | 184,692 | ||||||||
Mining 0.73% | ||||||||||||
WE Soda Investments Holding PLC† | 9.375% | 2/14/2031 | 200,000 | 205,920 | ||||||||
Total Turkey | 1,007,076 | |||||||||||
Ukraine 0.69% | ||||||||||||
Agriculture | ||||||||||||
MHP SE | 7.75% | 5/10/2024 | 200,000 | 193,627 |
24 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
United Arab Emirates 2.59% | ||||||||||||
Banks 0.69% | ||||||||||||
First Abu Dhabi Bank PJSC | 4.50% (5 yr. CMT + 4.14%) | # | – | (a) | $ | 200,000 | $ | 193,172 | ||||
Energy-Alternate Sources 0.54% | ||||||||||||
Sweihan PV Power Co. PJSC† | 3.625% | 1/31/2049 | 189,834 | 151,565 | ||||||||
Pipelines 1.36% | ||||||||||||
Galaxy Pipeline Assets Bidco Ltd.† | 3.25% | 9/30/2040 | 500,000 | 381,955 | ||||||||
Total United Arab Emirates | 726,692 | |||||||||||
United Kingdom 3.37% | ||||||||||||
Banks 2.15% | ||||||||||||
Standard Chartered PLC† | 6.301% (1 yr. CMT + 2.45%) | # | 1/9/2029 | 200,000 | 205,788 | |||||||
Standard Chartered PLC† | 7.875% (5 yr. CMT + 3.57%) | # | – | (a) | 400,000 | 398,715 | ||||||
604,503 | ||||||||||||
Retail 1.22% | ||||||||||||
CK Hutchison International 21 Ltd. | 2.50% | 4/15/2031 | 400,000 | 342,174 | ||||||||
Total United Kingdom | 946,677 | |||||||||||
United States 0.96% | ||||||||||||
Auto Manufacturers 0.47% | ||||||||||||
Hyundai Capital America† | 5.68% | 6/26/2028 | 130,000 | 131,853 | ||||||||
Chemicals 0.30% | ||||||||||||
CVR Partners LP/CVR Nitrogen Finance Corp.† | 6.125% | 6/15/2028 | 88,000 | 84,659 | ||||||||
Oil & Gas 0.19% | ||||||||||||
CITGO Petroleum Corp.† | 8.375% | 1/15/2029 | 51,000 | 53,627 | ||||||||
Total United States | 270,139 | |||||||||||
Zambia 0.69% | ||||||||||||
Mining | ||||||||||||
First Quantum Minerals Ltd.† | 8.625% | 6/1/2031 | 200,000 | 194,666 | ||||||||
Total Corporate Bonds (cost $28,114,421) | 26,403,216 | |||||||||||
FOREIGN GOVERNMENT OBLIGATIONS 2.83% | ||||||||||||
Egypt 0.66% | ||||||||||||
Egypt Government International Bonds | 7.60% | 3/1/2029 | 200,000 | 184,810 | ||||||||
South Korea 0.71% | ||||||||||||
Korea Electric Power Corp.† | 5.375% | 7/31/2026 | 200,000 | 200,803 |
See Notes to Schedule of Investments. | 25 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investments | Interest Rate | Maturity Date | Principal Amount‡ | Fair Value | ||||||||
Turkey 1.46% | ||||||||||||
Turkiye Ihracat Kredi Bankasi AS† | 7.50% | 2/6/2028 | $ | 200,000 | $ | 200,986 | ||||||
Turkiye Ihracat Kredi Bankasi AS† | 9.00% | 1/28/2027 | 200,000 | 209,299 | ||||||||
Total Turkey | 410,285 | |||||||||||
Total Foreign Government Obligations (cost $779,799) | 795,898 | |||||||||||
Total Long-Term Investments (cost $29,175,907) | 27,467,649 | |||||||||||
SHORT-TERM INVESTMENTS 0.87% | ||||||||||||
REPURCHASE AGREEMENTS 0.87% | ||||||||||||
Repurchase Agreement dated 3/28/2024, 2.800% due 4/1/2024 with Fixed Income Clearing Corp. collateralized by $251,700 of U.S. Treasury Bond at 4.250% due 2/15/2054; value: $248,687; proceeds: $243,849 (cost $243,773) | 243,773 | 243,773 | ||||||||||
Total Investments in Securities 98.69% (cost $29,419,680) | 27,711,422 | |||||||||||
Other Assets and Liabilities – Net(e) 1.31% | 368,681 | |||||||||||
Net Assets 100.00% | $ | 28,080,103 |
EUR | Euro. | |
CMT | Constant Maturity Rate. | |
REITS | Real Estate Investment Trusts. | |
SOFR | Secured Overnight Financing Rate. | |
‡ | Principal Amount is denominated in U.S. dollars unless otherwise noted. | |
† | 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, 2024, the total value of Rule 144A securities was $14,563,307, which represents 51.86% of net assets. | |
# | Variable rate security. The interest rate represents the rate in effect at March 31, 2024. | |
(a) | Security is perpetual in nature and has no stated maturity. | |
(b) | Defaulted (non-income producing security). | |
(c) | Securities purchased on a when-issued basis. | |
(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: |
26 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Forward Foreign Currency Exchange Contracts at March 31, 2024:
Forward Foreign Currency Exchange Contracts | Transaction Type | Counterparty | Expiration Date | Foreign Currency | U.S. $ Cost on Origination Date | U.S. $ Current Value | Unrealized Appreciation | ||||||||||||||
Euro | Sell | Morgan Stanley | 5/22/2024 | 103,000 | $111,695 | $111,338 | $357 |
Futures Contracts at March 31, 2024:
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Appreciation | ||||||||||||
U.S. Long Bond | June 2024 | 4 | Long | $ | 473,966 | $ | 481,750 | $ | 7,784 | |||||||||
U.S. Ultra Treasury Bond | June 2024 | 2 | Long | 252,112 | 258,000 | 5,888 | ||||||||||||
Total Unrealized Appreciation on Futures Contracts | $ | 13,672 | ||||||||||||||||
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Depreciation | ||||||||||||
Euro-Bobl | June 2024 | 3 | Short | EUR | (353,307) | EUR | (354,750) | $ | (1,557 | ) | ||||||||
U.S. 10-Year Ultra Treasury Note | June 2024 | 17 | Short | $ | (1,935,181) | $ | (1,948,359) | (13,178 | ) | |||||||||
U.S. 2-Year Treasury Note | June 2024 | 18 | Long | 3,686,068 | 3,680,719 | (5,349 | ) | |||||||||||
U.S. 5-Year Treasury Note | June 2024 | 30 | Short | (3,204,058) | (3,210,469) | (6,411 | ) | |||||||||||
Total Unrealized Depreciation on Futures Contracts | $ | (26,495 | ) |
The following is a summary of the inputs used as of March 31, 2024 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 | $ | 41,906 | $ | – | $ | – | $ | 41,906 | ||||||||
Convertible Bonds | – | 226,629 | – | 226,629 | ||||||||||||
Corporate Bonds | ||||||||||||||||
Russia | – | – | – | (3) | – | (3) | ||||||||||
Remaining Countries | – | 26,403,216 | – | 26,403,216 | ||||||||||||
Foreign Government Obligations | – | 795,898 | – | 795,898 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreements | – | 243,773 | – | 243,773 | ||||||||||||
Total | $ | 41,906 | $ | 27,669,516 | $ | – | $ | 27,711,422 |
See Notes to Schedule of Investments. | 27 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT GLOBAL FUND, INC. – EMERGING MARKETS CORPORATE DEBT FUND March 31, 2024
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Other Financial Instruments | ||||||||||||||||
Forward Foreign Currency Exchange Contracts | ||||||||||||||||
Assets | $ | – | $ | 357 | $ | – | $ | 357 | ||||||||
Liabilities | – | – | – | – | ||||||||||||
Futures Contracts | ||||||||||||||||
Assets | 13,672 | – | – | 13,672 | ||||||||||||
Liabilities | (26,495 | ) | – | – | (26,495 | ) | ||||||||||
Total | $ | (12,823 | ) | $ | 357 | $ | – | $ | (12,466 | ) |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. | |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Countries 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 fair 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.
28 | See Notes to Schedule of Investments. |
Notes to Schedule of Investments (unaudited)
1. | ORGANIZATION |
Lord Abbett Global Fund, Inc. (the “Company”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company and was incorporated under Maryland law on February 23, 1988. The Company consists of the following two funds (each, a “Fund” and collectively, the “Funds”): Lord Abbett Emerging Markets Bond Fund (“Emerging Markets Bond Fund”), and Lord Abbett Emerging Markets Corporate Debt Fund (“Emerging Markets Corporate Debt 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 the 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 Pricing Committee uses a third-party 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, options and options on swaps (“swaptions”) are valued daily using independent pricing services or quotations from broker/dealers to the extent available. |
29
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, 2024 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.
30
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 return. 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 Fund’s 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, 2024, the Funds did not have any securities on loan.
31
QPHR-GLOBAL-1Q
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