Lord Abbett Credit Opportunities Fund
For the period ended Jun 28, 2024. Filed May 28, 2024.
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Jun 28, 2024 · Filed May 28, 2024
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Appendix F: Board Compensation
Compensation Paid to Current Board Members by each Fund and Aggregate Compensation Paid by All Lord Abbett Funds
Set forth in the table below is information regarding compensation for serving as an independent Board member accrued by each during each Fund’s most recently completed fiscal year. In addition, the last column of the table below includes information regarding the aggregate compensation paid by all of the investment companies that comprise the Lord Abbett-sponsored Funds to the independent Board members for the year ended December 31, 2023. The fees listed below include Board member fees and attendance fees for Board and Committee meetings and fees Board members have chosen to defer under the deferred compensation plan (defined below). Of the amounts shown, the total deferred amount is indicated in footnotes to the table. Mr. Sieg is not compensated for serving as a Trustee of the Fund.
Independent Board member’s fees, including attendance fees for Board and Committee meetings, are allocated among all Lord Abbett Funds based on the net assets of each Fund. A portion of the fees payable by each Fund to its independent Board members may be deferred at the option of a Board member under an equity-based plan (the “deferred compensation plan”) that deems the deferred amounts to be invested in shares of a Fund for later distribution to the Board members. The amounts ultimately received by the Board members under the deferred compensation plan will be directly linked to the investment performance of the Lord Abbett Funds.
| Name · CreditOpportunitiesFund1 · SpecialSituationsIncome Fund2 · Floating RateHigh IncomeFund3 · AggregateCompensationPaid by LordAbbett-SponsoredFunds | ||||||||
|---|---|---|---|---|---|---|---|---|
| Evelyn E. Guernsey | $ | 5,220 | $ | 246 | $ | 34 | $ | 573,434 |
| Julie A. Hill4 | $ | 4,569 | $ | 215 | $ | 30 | $ | 502,164 |
| Kathleen M. Lutito | $ | 4,569 | $ | 215 | $ | 30 | $ | 502,164 |
| James M. McTaggart | $ | 4,199 | $ | 198 | $ | 27 | $ | 460,258 |
| Charles O. Prince | $ | 4,569 | $ | 215 | $ | 30 | $ | 502,164 |
| Karla M. Rabusch | $ | 4,574 | $ | 216 | $ | 30 | $ | 501,351 |
| Lorin Patrick Taylor Radtke | $ | 4,078 | $ | 192 | $ | 27 | $ | 448,434 |
| Leah Song Richardson | $ | 3,721 | $ | 176 | $ | 24 | $ | 409,159 |
| Mark A. Schmid | $ | 4,548 | $ | 214 | $ | 30 | $ | 499,934 |
| James L.L. Tullis | $ | 5,830 | $ | 274 | $ | 38 | $ | 640,184 |
| (1) | The total deferred amounts for Ms. Guernsey, Ms. Hill, Ms. Lutito, Mr. McTaggart, Mr. Prince, Ms. Rabusch, Mr. Radtke, Ms. Richardson, Mr. Schmid, and Mr. Tullis attributable to Credit Opportunities Fund are $0, $822, $4,569, $1,599, $3,016, $0, $2,039, $228, $0 and $1,699, respectively. |
| (2) | The total deferred amounts for Ms. Guernsey, Ms. Hill, Ms. Lutito, Mr. McTaggart, Mr. Prince, Ms. Rabusch, Mr. Radtke, Ms. Richardson, Mr. Schmid, and Mr. Tullis attributable to Special Situations Income Fund are $0, $39, $215, $75, $142, $0, $96, $11, $0 and $80, respectively. |
| (3) | The total deferred amounts for Ms. Guernsey, Ms. Hill, Ms. Lutito, Mr. McTaggart, Mr. Prince, Ms. Rabusch, Mr. Radtke, Ms. Richardson, Mr. Schmid, and Mr. Tullis attributable to Floating Rate High Income Fund are $0, $5, $30, $10, $20, $0, $13, $1, $0 and $11, respectively. |
| (4) | Ms. Hill retired as a Trustee/Director of the Lord Abbett Funds effective December 31, 2023. |
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