497 1 c70623_497.htm DEFINITIVE MATERIAL

 

 

 

LORD ABBETT INVESTMENT TRUST

Lord Abbett Floating Rate Fund

 

Supplement dated August 10, 2012

to the Statement of Additional Information dated April 1, 2012

 

 

 


 

 

 

 

1.

The following paragraph will replace the fourth paragraph in the subsection titled “Investment Advisory and Other Services – Portfolio Managers” on page 5-4 of the Statement of Additional Information (the “SAI”):

 

 

 

 

 

Christopher J. Towle and Jeffrey D. Lapin head Floating Rate Fund’s team and are jointly and primarily responsible for the day-to-day management of the Fund.

 

 

 

 

2.

The following rows will replace the rows of the table on page 5-5 with respect to other accounts managed by each portfolio manager of Floating Rate Fund in the subsection titled “Investment Advisory and Other Services – Portfolio Managers” beginning on page 5-4 of the SAI:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Accounts Managed (# and Total Net Assets+)

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

 

 

Name

 

 

Registered Investment Companies

 

Other Pooled Investment Vehicles

 

Other Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Floating Rate Fund

 

 

Christopher J. Towle

 

 

7/ $14,205

 

 

4/ $5,242

 

 

2,487/ $2,125

 

 

 

 

Jeffrey D. Lapin*

 

 

0/ $0

 

 

1/ $388

 

 

0/ $0

 


 

 

+

Total net assets are in millions.

*

The amounts shown are as of July 31, 2012.


 

 

 

 

3.

The following will replace the rows of the table with respect to the portfolio holdings of each portfolio manager of Floating Rate Fund in the subsection titled “Investment Advisory and Other Services – Holdings of Portfolio Managers” on page 5-7 of the SAI:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dollar Range of Shares in the Funds

Fund

 

Name

 

None

 

$1-
$10,000

 

$10,001- $50,000

 

$50,001- $100,000

 

$100,001- $500,000

 

$500,001- $1,000,000

 

Over $1,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Floating Rate Fund

 

Christopher J. Towle

 

 

 

 

 

 

 

 

 

X

 

 

 

 

 

 

 

Jeffrey D. Lapin*

 

 

 

X

 

 

 

 

 

 

 

 

 

 

 


*

The amount shown is as of August 6, 2012.


Please retain this document for your future reference.