Lord Abbett High Yield Fund updates portfolio management team

By Toni Weeks

San Luis Obispo, Calif., Oct. 16 - Lord Abbett Investment Trust updated the portfolio managers for its Lord Abbett High Yield Fund in a 497 filing with the Securities and Exchange Commission.

Robert A. Lee was added as a portfolio manager, joining Steven F. Rocco and Christopher J. Towle.

The fund seeks a high current income and the opportunity for capital appreciation to produce a high total return by investing at least 80% of its net assets in lower-rated debt securities, including corporate debt securities and convertible securities.

Jersey City-based Lord Abbett & Co. LLC serves as the investment adviser to the fund.

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