Lord Abbett Developing Local Markets R3 (LDMRX)

Fund Fact Sheet 12-31-09 09-30-09 06-30-2009 03-31-2009 Prospectus Fact Sheet Explanation

Fund Summary The investment seeks high total return. The investment normally invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in instruments that provide investment exposure to the currencies of, and in fixed income instruments denominated in the currencies of, developing markets at the time of purchase. It may invest substantially in forward foreign currency contracts (a type of forward contract) or other derivatives, such as options, futures contracts, and swap agreements.

Fund Management Leah Traub, Lead Manager since 17-Feb-09
Traub is a portfolio manager and director of Lord Abbett. She joined Lord Abbett in 2007 as a quantitative analyst. From 2006 to 2007, Traub was a research economist at Princeton Economics Group. From 2004 to 2007 she was a teaching assistant and lecturer at Rutgers University Economics Department. And from 2005 to 2006 she was a research assistant at the National Bureau of Economic Research.