LORD ABBETT INVESTMENT TRUST
Lord Abbett Multi-Asset Income Fund
Supplement dated December 9, 2022 to the
Summary Prospectus, Prospectus and Statement of Additional Information, each dated
April 1, 2022, as supplemented
The following table replaces the table in the subsection under “Multi-Asset Income Fund–Management–Portfolio Managers” on page 15 of the summary prospectus and on page 31 of the statutory prospectus.
Portfolio Managers/Title | Member of the Portfolio Management Team Since |
Giulio Martini, Partner and Director of Strategic Asset Allocation | 2015 |
Robert A. Lee, Partner and Co-Head of Taxable Fixed Income | 2016 |
Jeffrey O. Herzog, Managing Director and Portfolio Manager | 2016 |
Steven F. Rocco, Partner and Co-Head of Taxable Fixed Income | 2022 |
The following paragraph replaces the fourth paragraph under “Management and Organization of the Funds” beginning on page 303 of the statutory prospectus:
Multi-Asset Income Fund. Giulio Martini, Partner and Director of Strategic Asset Allocation, heads the Fund’s team. Mr. Martini joined Lord Abbett in 2015. Additional members of the Fund’s team are Robert A. Lee, Partner and Co-Head of Taxable Fixed Income, Jeffrey O. Herzog, Managing Director and Portfolio Manager, and Steven F. Rocco, Partner and Co-Head of Taxable Fixed Income. Messrs. Lee, Herzog, and Rocco joined Lord Abbett in 1997, 2013, and 2004, respectively. Messrs. Martini, Lee, Herzog, and Rocco, are jointly and primarily responsible for the day-to-day management of the Fund.
The following rows replace the applicable rows of the corresponding table under the heading “Multi-Asset Income Fund” in the subsection titled “Portfolio Manager Information–Other Accounts Managed” beginning on page 7-1 of Part I of the statement of additional information (“SAI”):
1 Steven F. Rocco was newly added to the Fund effective December 9, 2022, and his other accounts managed will be reported in a future filing.
The following rows replace the applicable rows of the corresponding table under the heading “Multi-Asset Income Fund” in the subsection titled “Portfolio Manager Information–Holdings of Portfolio Managers” beginning on page 7-1 of Part I of the SAI:
Ownership Of Securities | Aggregate Dollar Range of Securities | |||
Multi-Asset Income Fund | ||||
Giulio Martini | $50,001-$100,000 | |||
Robert A. Lee | $100,001-$500,000 | |||
Jeffrey O. Herzog | $0 | |||
Steven F. Rocco1 | N/A |
1 Steven F. Rocco was newly added to the Fund effective December 9, 2022, and his aggregate dollar range of securities will be reported in a future filing.
Please retain this document for your future reference.