The company said the F, R2, and R3 share classes are being introduced to broaden the firm’s reach to an increased variety of investment platforms, including wrap programs and retirement plans, according to a press release. Class F shares will be offered in connection with fee-based and advisory programs and Class R shares will be offered to certain retirement plans.
In addition, the firm announced its Class Y shares have been reclassified as Class I shares to reflect a common industry practice and to provide greater usability for the RIA market. The Class I shares will continue to be offered to the Institutional market.
Class R shares will be available for the following Lord Abbett funds:
- Affiliated Fund,
- All Value Fund,
- America ‘s Value Fund,
- Developing Growth Fund,
- Growth Opportunities Fund,
- International Core Equity Fund,
- International Opportunities Fund,
- Large Cap Core Fund,
- Large Cap Growth Fund,
- Value Opportunities Fund,
- Alpha Strategy Fund,
- Balanced Strategy Fund,
- Diversified Equity Strategy Fund,
- Diversified Income Strategy Fund,
- Growth and Income Strategy Fund,
- Bond Debenture Fund,
- Convertible Fund,
- Core Fixed Income Fund,
- Developing Local Markets Fund,
- High Yield Fund, and
- Total Return Fund.
Class F shares will be available for all Lord Abbett mutual funds, except for the U.S. Government and Government Sponsored Enterprises Money Market Fund, Micro Cap Value Fund, Micro Cap Growth Fund, and some of the state-specific funds.
More information can be found at www.lordabbett.com .