https://www.sec.gov/Archives/edgar/data/1139819/000093041325000414/c111644_497.htm
497 1 c111644_497.htm DEFINITIVE MATERIAL
LORD ABBETT TRUST I
Lord Abbett Climate Focused Bond Fund (the “Fund”)
Supplement dated February 7, 2025 to the
Summary Prospectus, Prospectus, and Statement of Additional Information of the Fund,
each dated December 1, 2024, as supplemented
Liquidation of the Fund
On February 4, 2025, the Board of Trustees of Lord Abbett Trust I approved a plan of liquidation (the “Plan”) pursuant to which the Fund will be liquidated and dissolved. It is currently anticipated that the liquidation and dissolution of the Fund will be completed on or around Spring 2025 (the “Liquidation Date”). Any Fund shares outstanding on the Liquidation Date will be automatically redeemed on the Liquidation Date. The proceeds of any such redemption will be equal to the net asset value (“NAV”) of such shares after dividend distributions required to eliminate any Fund-level taxes are made, the Fund’s expenses and liabilities have been paid or otherwise provided for as directed by the Plan, and the Fund has distributed to its shareholders of record the remaining proceeds in one or more liquidating distributions on the Liquidation Date as set forth in the Plan.
At any time before the Liquidation Date, shareholders may:
§ Exchange their Fund shares for the same class of shares of another Lord Abbett Fund, provided that the exchange satisfies the investment minimum of the Fund selected;
§ Redeem their Fund shares at the NAV of such shares pursuant to the procedures set forth under “Purchases and Redemptions” in the prospectus; or
§ Do nothing and their Fund shares will be redeemed on or about the Liquidation Date. However, shareholders in individual retirement accounts who do not take other action will automatically have their shares exchanged for shares of Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund on or about the Liquidation Date.
In connection with the liquidation of the Fund, the Fund no longer will accept purchase orders or exchange requests as of February 7, 2025.
Capitalized terms used in this Supplement shall, unless otherwise defined herein, have the same meaning as given in the Prospectus and/or SAIs.
Please retain this document for your future reference.

https://www.sec.gov/Archives/edgar/data/1539996/000116204425000126/dss497.htm
DSS AmericaFirst Total Return Bond Fund
Class A: DGQAX
Class U: DGQUX
Class I: DGQIX
FEBRUARY 6, 2025
SUPPLEMENT TO THE PROSPECTUS AND SUMMARY PROSPECTUS DATED NOVEMBER 1, 2024
______________________________________________________________________________
The Board of Trustees of DSS AmericaFirst Funds (the “Trust”) has concluded that it is in the best interests of the DSS AmericaFirst Total Return Bond Fund (the “Fund”) and its shareholders that the Fund cease operations. The Board has determined to close the Fund and redeem all outstanding shares no later than the close of business on February 28, 2025.
Effective immediately, the Fund will not accept any new investments. In the near term, the Fund will begin liquidating its portfolio and will invest in cash or cash equivalents (such as money market funds) until all shares have been redeemed. The Fund will not be able to pursue its stated investment objective once it begins liquidating its portfolio. Shares of the Fund are otherwise not available for purchase.
Even though the DSS AmericaFirst Total Return Bond Fund is closing, you may wish to continue your investment with another fund in the DSS AmericaFirst fund family. Prior to February 28, 2025, you may exchange your shares, in accordance with the “How to Exchange Shares” section of the Fund’s Prospectus, which allows shareholders to exchange their shares in the Fund for the same share class of another DSS AmerficaFirst fund, as listed below. The Board is waiving the share exchange minimum so that exchanges may be made with any amount of shares.
DSS AmericaFirst Income Fund
Class A: AFPAX Class U: AFPUX Class I: AFPIX
DSS AmericaFirst Monthly Risk-On Risk-Off Fund
Class A: ABRFX Class U: ABRUX Class I: ABRWX
DSS AmericaFirst Alpha Trends Factor Fund
Class A: SBQAX Class U: SBQUX Class I: SBQIX
You may exchange shares either by telephone by calling 1-877-217-8501, if you have not canceled your telephone privilege, or in writing. Written requests for exchange must provide the following:
·current Fund’s name;
·account names and numbers;
·name of the Fund and share class you wish to exchange your shares into;
·the amount you wish to exchange;
·specify the shareholder privileges you wish to retain (e.g., Telephone Privileges); and
·signatures of all registered owners.
To exchange shares by telephone, you should call 1-877-217-8501 on any day the Funds are open. The Fund will process telephone requests made after the close of business on the next business day. You should notify the Funds in writing of all shareholder service privileges you wish to continue in any new account opened by a telephone exchange request. Please note that the Funds will only accept exchanges if your ownership registrations in both accounts are identical.
Prior to February 28, 2025, you may redeem your shares, in accordance with the “How to Redeem Shares” section of the Fund’s Prospectus. Unless your investment in the Fund is through a tax-deferred retirement account, a redemption is subject to tax on any taxable gains. Please refer to the “Dividends, Distributions and Taxes” section in the Prospectus for general information. You may wish to consult your tax advisor about your particular situation.
IMPORTANT INFORMATION FOR RETIREMENT PLAN INVESTORS
If you are a retirement plan investor, you should consult your tax advisor regarding the consequences of any redemption of Fund shares. If you receive a distribution from an Individual Retirement Account or a Simplified Employee Pension (SEP) IRA, you must roll the proceeds into another Individual Retirement Account within sixty (60) days of the date of the distribution in order to avoid having to include the distribution in your taxable income for the year. If you receive a distribution from a 403(b)(7) Custodian Account (Tax-Sheltered account) or a Keogh Account, you must roll the distribution into a similar type of retirement plan within sixty (60) days in order to avoid disqualification of your plan and the severe tax consequences that it can bring. If you are the trustee of a Qualified Retirement Plan, you may reinvest the money in any way permitted by the plan and trust agreement.
ANY SHAREHOLDERS WHO HAVE NOT REDEEMED THEIR SHARES OF THE FUND PRIOR TO FEBRUARY 28, 2025, WILL HAVE THEIR SHARES AUTOMATICALLY REDEEMED AS OF THAT DATE, AND PROCEEDS WILL BE SENT TO THE ADDRESS OF RECORD. IF YOU HAVE QUESTIONS OR NEED ASSISTANCE, PLEASE CONTACT YOUR FINANCIAL ADVISOR DIRECTLY OR THE FUND AT 1-877-217-8501.
________________________
The Prospectus, Summary Prospectus for the Fund and Statement of Additional Information each dated November 1, 2025, and as may be supplemented, each provide information about the Fund and should be retained for future reference. These documents have been filed with the Securities and Exchange Commission and are incorporated herein by reference. All of these documents are available upon request and without charge by calling toll free 1-877-217-8501.
Please retain this Supplement for future reference.

American Funds R1-R6 are just share classes, not plan designations. Those are 401k, 403b, 457, H.S.A, etc.
Smaller plans may have R1-R4 available, larger plans R5-R6.
AF has specific classes for 3rd party channels (DIY, independent advisors), F1-F3; advisor load channels A, C; 529.
If you are wondering why isn't there an institutional class I, that's really R6 within large retirement plans only.

FWIIW, I sharply reduced my Vanguard TGFs, (VTHRX, VTTHX), in my TIAA retirement account in favor of tweaking the allocations myself. @racqueteer mentions doing the same thing, above. The VG TDFs' foreign allocations have been a brake, as have the FI portions.

Again they are only available in specific retirement plans R1-R6. but outside that R6 is most notably used in their portfolio series and target dates although I suppose they could be available in other 401k/403b type plans as well.
still not something a retail investor can buy off the street or from their advisor.

American Balanced has 19 classes!
NTF/no-load at Fido & Schwab is BALFX, ER 0.62%
Cheapest is Retirement R6 RLBGX, ER 0.25%

R6 shares are what American Fund uses in their Target Date funds which is why they are the cheapest to reduce costs on top of costs. Not something that you can buy. currently right now my parents are in R2 (shares typically used in 403b's)
The cheapest available shares are F2, and F3 shares but are only available through their CG advisor but they'll pay AUM. The cheapest way for them to own AF with an advisor is with A shares using a 1MIL+ breakpoint which reduces the front load to 0 and outside of a few annual account fees, the advisor manages the portfolio for their 12b-1 fees.
My parents won't manage their own and I don't have time, so this is the best way to get them what they need even though i'm not an American Funds fan.

American Balanced has 19 classes!
NTF/no-load at Fido & Schwab is BALFX, ER 0.62%
Cheapest is Retirement R6 RLBGX, ER 0.25%

Numerous mutual funds from American Funds have far too many share classes!

I read charles bolin's review of muni funds in the Febr commentary. Im in retirement and look at munis all the time. One of my holdings is FHMIX, Federated Hermes Conservative Muni, bought it through fidelity. Its an under the radar short term holding.

American Balanced has 19 classes!
NTF/no-load at Fido & Schwab is BALFX, ER 0.62%
Cheapest is Retirement R6 RLBGX, ER 0.25%

Bloomberg terminal is indispensable for professionals. So, not everything Bloomberg offers is Gloomberg. I had a subscription for its online Bloomberg.com and I still was reading only the headlines.
Everyone is different. My portfolio does better with more silence and less others’ interpretation of data. For example, retirement, when I spend more time on my portfolio, has not necessarily made any incremental positive contribution to my portfolio performance - may be it is negative.
All info I know is useless if I can not figure out how and when others will react to the same info. That is the biggest challenge I have in investing.

Stable-Value (SV) Rates, 2/1/25
TIAA Traditional Annuity (Accumulation) Rates
Restricted RC 5.50%, RA 5.25%
Flexible RCP 4.75%, SRA 4.50%, IRA-101110+ 4.75%
TSP G Fund 4.625% pending (previous 4.625%).
Options outside of workplace retirement plans include m-mkt funds, bank m-mkt accounts (FDIC insured), T-Bills, short-term brokered CDs.
#StableValue #401k #403b #TIAA #TSP
https://ybbpersonalfinance.proboards.com/post/1865/thread

Following are edited excerpts from a current Washington Post report:

A government-wide hiring freeze has led the Federal Deposit Insurance Corp. to yank job offers to more than 200 new examiners, the front-line employees who closely monitor banks to ensure they operate safely and adhere to an extensive rule book.
The FDIC is already facing a staffing challenge, particularly with a lack of examiners, undermining its ability to reduce the risk of bank failures. A chronic shortage of examiners contributed to the failure of Signature Bank, one of three large banks to collapse in 2023, the agency has said.
Examiners are essentially charged with making sure a bank doesn’t fail, a critical function at the roughly 6,000-employee FDIC, of which roughly 2,300 are examiners. The agency oversees about 4,500 banks around the country, most of them small. It also insures trillions of bank deposits and winds down failing banks. Its work is funded through industry assessments.
Perhaps more significantly, the agency is already in need of additional examiners, with frequent turnover and staffing shortages contributing to major setbacks in recent years. Current and former regulators said they feared the situation could snowball if hiring cuts combine with an uptick in the departures of retirement-eligible employees.
A review of the March 2023 failure of Signature Bank found the supervisory group overseeing large financial institutions in the FDIC’s New York office had average vacancies of about 40 percent. For the six years before Signature’s collapse, the FDIC couldn’t adequately staff the team dedicated to the bank.

Interesting exit strategies from the Fido article linked by @bee when one has high unrealized gains. Link may need subscription.
Option 1: Donate to charity or a donor-advised fund (DAFs have more flexibility)
Option 2: Hold until death (Step-up, but you must die first)
Option 3: Hold until retirement (hoping for lower tax bracket that may not be)
Option 4: In the future, you may be able to convert this SMA to a new lower cost etf (351-Exchange ETFs)

A very quick look shows that
VIX(SP500 SD) < 15
MOVE(treasury SD)=87=low
SP500 is in an uptrend.
I don't need to check beyond that.
My big picture = "normal" market = I'm invested at 99+% for several months now.

but you're invested 99+% in bonds, not the SP500, and in "special" bonds that don't move the way most bond funds move, so your so-called big picture has no real relevancy, as per usual, to your own personal big picture, more or less, give or take.

I have been saying the following over 15 years in all the sites I post.
All my posts are generic, without any connection to what and how I invest, unless I specially discuss my system.
The big picture is another generic comment.
I make comments on CEFs and never owned them more than short term.
I posted for years about retirement, LTC, when to take SS when I was younger.
Is your view that you can only have an opinion based on what you own or do?
So, what would I do specifically with my portfolio? I would be invested at 99% regardless if I have stocks or bonds. I have used stocks for decades.
You can disregard all my opinions but why trash it based on no real data.

I am apart of a small group of people I got my business degree with. We largely talk investing and there was a big ARKK proponent in the crowd so to speak. So much so I got in May 2020 but got out mid 2021 when I wanted to move stuff around and largely because she was on CNBC all the time, had become basically a rockstar as you've all mentioned. I didn't like it. something felt off. timing worked well for me and it was in a play account, not in any long term accounts.
There is a basically now famous thread in the bogleheads forum where a user could not understand the disdain the site had for ARKK and was preparing to dump his entire retirement in it. the post was made literally a day after ARKK's historical high. still down 60% from that time period.
this fund went from taking in 40 million in fees prior to 2020 to almost 200 million in fees. incredible.

:)
me too
have (barely) enough in retirement (expensive state and town), not all that many years left (mid-70s), concur in all the takes re ultrahigh P/Es, etc.
my greed needs to be strongly managed, though

@stillers,
Please indulges us with your "pay no tax" strategies.
With your RMDs being 16 years away and retirement starting in 2012 or at age 45, I am all ears.
Congratulations.

Thanks!
Let me correct your dates. Sorry if my post was confusing on that!:
Retired in 2012 at Age 56
RMDs will start in 2029 at Age 73 (unless gov't pushes back further)
Paid ZERO FIT 2013-2024 (12 years)
Plan to (and very likely will) pay ZERO FIT/SIT 2025-2028 (4 years)
Total ZERO FIT/SIT period (16 years)
Strategy was pretty simple (but takes a while to explain!):
Starting with first professional employments in 1980, got as much $ as humanly possible into tax-deferred accounts. We were DINKS, Double Income, No Kids.
ONLY worked for companies that had defined benefit pension plans as a bene. Collectively had four professional jobs and four defined benefit pension plans between the two of us between 1980-2012. Annually maxed out 401k's and 403b's and all other investable monies went to Roth IRAs.
Rolled all possible Pension monies to IRAs upon termination of service to control when we receive income. Final employers provided lovely parting gifts of Retiree Health Insurance, Retiree Dental Insurance and a RHSA (Retiree Health Savings Account). Retired with just enough $ outside the umbrella (in taxable a/c's) to bridge income gap in years until early SS began for both at Age 62 in 2018.
Started taking (effectively) tax-free IRA w/d's in 2013 to fully defray annual income gaps and/or maximize tax savings. Currently, SS and remaining pensions (that could not be rolled) cover all but a couple grand of annual living expenses.
98% of liquid net worth is still in IRAs and only 2% is in taxable accounts. We have generated negligible taxable income other than early SS starting in 2018 and remaining Pensions that weren't rolled starting in 2013. We have ALWAYS since 2013 kept total taxable income UNDER the taxable MFJ threshold.
And to answer question by @derf:
No formal employment since both retired in 2012. We do however have some friends and relatives throw at us a little cash, dinners, event tix and the like for our otherwise gratuitous mgmt of their ports. I have also done some yard work for some neighbors to keep busy and active for a ridiculously smallish hourly fee. Currently down to just one neighbor as I've tired somewhat of all that.

@stillers,
Please indulges us with your "pay no tax" strategies.
With your RMDs being 16 years away and retirement starting in 2012 or at age 45, I am all ears.
Congratulations.

Next to nothing? Why stop there? For us, it's been nothing.
Not to beat a dead horse, but as a retired bean counter I've posted many times that tax planning is, or should be, a lifelong process.
When we started our professional careers in 1980 we adopted our "Avoid, Delay, Minimize" tax plan and have executed it with relentless precision. We prefer to pay our income taxes on our own schedule.
Result? We have not paid a dime in FIT/SIT since the year after our retirements in 2012, and will likely continue to choose to pay ZERO until RMDs are required at Age 73, a tax-free period of 16 years.
Some cool features of the strategy are ZERO taxes on otherwise taxable Cap Gains, SS and pensions, and (effectively) annual tax-free withdrawals from IRAs up to the taxable threshold. We choose to take the cash in lieu of Roth conversions to fund our smallish, annual income gap.
There are three phases to an investor's life: Accumulation, Maintenance and Disbursement. Our lifelong tax strategy and retirement investment strategy have allowed our portfolio to continue to grow significantly annually and we remain in the Accumulation phase.