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Core Plus Bond Fund

Daily price w/o sales charge as of 12/06/2019

$15.37

arrowDown$0.02

YTD Returns w/o sales charge as of 12/06/2019

9.76%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the Core Plus Bond Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing in a wide range of fixed income securities, including U.S. investment grade and high yield corporate bonds, mortgage-backed, asset-backed, and government-related securities, with select allocations to non-U.S. (including emerging market) debt securities.

Yield

Dividend Yield 1 as of 12/06/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.06% 1.35%

30-Day Standardized Yield 2 as of 10/31/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.34% 2.31%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Basicsas of 10/31/2019

Total Net Assets
$181.17 M
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.17%
Fund Net Expense Ratio
0.46%
Number of Holdings
562

Fund Expense Ratio :

Gross 2.17%

Net 0.46%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.92% 10.63% 4.84% - - 4.87%
Lipper Category Avg. Core Plus Bond Funds 9.23% 10.53% 4.29% - - -
Bloomberg Barclays U.S. Universal Index 9.13% 10.84% 4.35% - - -

Fund Expense Ratio :

Gross 2.17%

Net 0.46%

Fund Expense Ratio :

Gross 2.17%

Net 0.46%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.50% 9.37% 3.91% - - 4.98%
Lipper Category Avg. Core Plus Bond Funds 8.86% 9.54% 3.25% - - -
Bloomberg Barclays U.S. Universal Index 8.80% 10.07% 3.23% - - -

Fund Expense Ratio :

Gross 2.17%

Net 0.46%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Type Assets
MBS
Investment Grade Corporate
ABS
U.S. Government Related
CMBS
Sovereign
High Yield Corporate
Bank Loans
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 10/31/2019 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Supported By 64 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 12/06/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.06% 1.35%

30-Day Standardized Yield 2 as of 10/31/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.34% 2.31%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 2.17%

Net 0.46%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.92% 10.63% 4.84% - - 4.87%
Lipper Category Avg. Core Plus Bond Funds 9.23% 10.53% 4.29% - - -
Bloomberg Barclays U.S. Universal Index 9.13% 10.84% 4.35% - - -

Fund Expense Ratio :

Gross 2.17%

Net 0.46%

Fund Expense Ratio :

Gross 2.17%

Net 0.46%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.50% 9.37% 3.91% - - 4.98%
Lipper Category Avg. Core Plus Bond Funds 8.86% 9.54% 3.25% - - -
Bloomberg Barclays U.S. Universal Index 8.80% 10.07% 3.23% - - -

Fund Expense Ratio :

Gross 2.17%

Net 0.46%

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Returns with sales charges reflect a maximum sales charge of 2.25%.

Portfolio

Portfolio

Rating Assets
MBS
Investment Grade Corporate
ABS
U.S. Government Related
CMBS
Sovereign
High Yield Corporate
Bank Loans
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 10/31/2019

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioningas of 9/30/2019

  • We continue to tactically trade our MBS position based on relative valuation. For the quarter, the Fund’s mortgage-backed securities (MBS) allocation decreased. We decreased the portfolio’s exposure to mortgage-backed securities (MBS) in July as MBS spreads over Treasuries tightened closer to historical averages.  As MBS spreads widened in August, we began to add back to the sector.
  • We slightly increased the portfolio’s overweight to commercial mortgage-backed securities (CMBS) and asset-backed securities (ABS). CMBS continues to offer less sensitivity to potential deterioration of U.S. trade conditions as the asset class has a domestic orientation. Our team favors SASB (single-asset / single-borrower) CMBS deals across the credit spectrum, which have had superior underwriting and, in some cases, lower spread volatility, than conduit deals.
  • In addition, we continue to favor the liquidity that ABS provide, and have found unique pockets of relative value and appealing risk-adjusted spread, primarily in credit card and auto-related ABS.
  • We believe the mixed messaging from the Fed and geopolitical/trade risks will result in volatility remaining heightened for the next few months.

Portfolio Details as of 10/31/2019

Total Net Assets
$181.17 M
Number of Issues
562
Average Coupon
3.48%
Average Life
7.21 Years
Average Maturity
7.21 Years
Average Effective Duration
5.48 Years
Average Modified Duration
6.06 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Modified Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates. Duration is expressed as a number of years, and generally, the larger a portfolio’s duration, the greater the interest-rate risk or reward for underlying bond prices. Where applicable, securities, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs and ADRs and futures, are excluded from these calculations.

Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD NOV 3.500% 02/01/2049 20.7%
Japan Treasury Discount Bill 0.000% 01/08/2020 8.8%
U.S. Treasury Note/Bond 2.375% 05/15/2029 5.3%
30-YR UMBS-TBA PROD NOV 3.000% 06/01/2049 4.9%
U.S. Treasury Note/Bond 1.500% 10/31/2021 2.6%
30-YR UMBS-TBA PROD NOV 4.000% 02/01/2049 2.4%
Federal Home Loan Bank 0.000% 11/05/2019 2.3%
U.S. Treasury Note/Bond 2.875% 05/15/2049 2.1%
U.S. Treasury Note/Bond 3.625% 08/15/2043 1.9%
U.S. Treasury Note/Bond 1.500% 10/31/2024 1.6%
% of Total Assets 52.6%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD NOV3.500% 02/01/204920.7%
Japan Treasury Discount Bill0.000% 01/08/20208.8%
U.S. Treasury Note/Bond2.375% 05/15/20295.3%
30-YR UMBS-TBA PROD NOV3.000% 06/01/20494.9%
U.S. Treasury Note/Bond1.500% 10/31/20212.6%
30-YR UMBS-TBA PROD NOV4.000% 02/01/20492.4%
Federal Home Loan Bank0.000% 11/05/20192.3%
U.S. Treasury Note/Bond2.875% 05/15/20492.1%
U.S. Treasury Note/Bond3.625% 08/15/20431.9%
U.S. Treasury Note/Bond1.500% 10/31/20241.6%
Federal Home Loan Bank0.000% 12/06/20191.4%
U.S. Treasury Note0.625% 04/15/20231.3%
VMC Finance 2019-FL3 LLC3.300% 09/15/20361.0%
AT&T, Inc.6.000% 08/15/20400.8%
Bancorp Commercial Mortgage 2019-CRE6 Trust3.096% 09/15/20360.8%
GS Mortgage Securities Corp Trust 2019-70P3.040% 10/15/20360.7%
Bank of America Corp.3.593% 07/21/20280.7%
Fifth Third Auto Trust 2019-12.660% 05/16/20220.6%
Atrium Hotel Portfolio Trust 2017-ATRM2.844% 12/15/20360.6%
Citigroup, Inc.3.887% 01/10/20280.6%
General Motors Co.6.600% 04/01/20360.6%
JP Morgan Chase Commercial Mortgage Securities Tru2.914% 06/15/20320.5%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.5%
CPS Auto Trust4.610% 12/15/20220.5%
UBS AG Registered Shares5.125% 05/15/20240.5%
GS Mortgage Securities Corp Trust 2018-HULA2.834% 07/15/20250.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
First Investors Auto Owner Trust 2019-13.020% 03/17/20250.5%
CVS Caremark Corp.4.780% 03/25/20380.5%
Broadcom Inc3.625% 10/15/20240.5%
JPMorgan Chase & Co.3.782% 02/01/20280.5%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.5%
Ford Credit Auto Owner Trust 2015-REV12.120% 07/15/20260.5%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.5%
NextGear Floorplan Master Owner Trust2.560% 10/17/20220.5%
Drive Auto Receivables Trust4.180% 03/15/20240.5%
GS Mortgage Securities Corp Trust 2019-70P3.360% 10/15/20360.4%
Time Warner Cable LLC7.300% 07/01/20380.4%
Bacardi Ltd.4.700% 05/15/20280.4%
GS Mortgage Securities Corp Trust 2019-SMP3.064% 08/15/20320.4%
KVK CLO 2016-1 Ltd4.251% 01/15/20290.4%
Capital One Prime Auto Receivables Trust 2019-22.060% 09/15/20220.4%
Wells Fargo Capital X5.950% 12/15/20360.4%
Amur Equipment Finance Receivables V LLC3.740% 04/22/20240.4%
Credit Suisse Commercial Mortgage Securities Corp3.164% 01/15/20340.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
Capital Auto Receivables Asset Trust 2017-12.020% 08/20/20210.4%
Ford Credit Floorplan Master Owner Trust A1.980% 01/15/20220.4%
Qatar Government International Bond3.250% 06/02/20260.4%
Americredit Automobile Receivables Trust 2018-13.500% 01/18/20240.4%
GS Mortgage Securities Corp Trust 2019-70P0.506% 10/15/20360.3%
Chesapeake Funding II LLC1.990% 05/15/20290.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
Occidental Petroleum Corp.7.875% 09/15/20310.3%
General Electric Co.5.000% 12/31/20990.3%
Westlake Automobile Receivables Trust 2018-33.320% 10/16/20230.3%
Nvent Finance Sarl4.550% 04/15/20280.3%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.3%
Drive Auto Receivables Trust4.160% 05/15/20240.3%
Verizon Communications, Inc.3.618% 05/15/20250.3%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.3%
COMM 2015-DC1 Mortgage Trust4.342% 02/10/20480.3%
Textainer Marine Containers VII Ltd4.110% 07/20/20430.3%
Wabtec Corp.4.700% 09/15/20280.3%
World Omni Auto Receivables Trust 2017-A1.930% 09/15/20220.3%
Honda Auto Receivables 2019-3 Owner Trust1.850% 08/15/20250.3%
EPR Properties4.950% 04/15/20280.3%
Universal Health Services, Inc.5.000% 06/01/20260.3%
GS Mortgage Securities Corp Trust 2019-SMP3.414% 08/15/20320.3%
M360 2019-CRE2 LLC3.764% 09/15/20340.3%
Carvana Auto Receivables Trust 2019-15.640% 01/15/20260.3%
Drive Auto Receivables Trust 2019-42.320% 06/15/20220.3%
Wells Fargo Commercial Mortgage Trust4.285% 07/15/20460.3%
Imperial Tobacco Finance plc3.875% 07/26/20290.3%
Discover Financial Services4.100% 02/09/20270.3%
American Express Credit Account Master Trust2.860% 11/15/20240.3%
Triton Container Finance VI LLC4.190% 06/22/20430.3%
Perimeter Master Note Business Trust6.020% 12/15/20220.3%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.3%
Ammc Clo 19 Ltd.4.551% 10/16/20280.3%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.3%
Ammc Clo 19 Ltd.3.801% 10/16/20280.3%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.3%
Octagon Investment Partners 30 Ltd3.666% 03/17/20300.3%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.3%
Synchrony Credit Card Master Note Trust2.370% 03/15/20230.3%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.3%
Ford Motor Co.7.450% 07/16/20310.3%
AT&T, Inc.6.250% 03/29/20410.3%
Cox Communications, Inc.8.375% 03/01/20390.3%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.3%
Foursight Capital Automobile Receivables Trust 2015.560% 01/16/20240.3%
AerCap Ireland Capital Ltd.3.650% 07/21/20270.3%
Valero Energy Corp.10.500% 03/15/20390.3%
Avolon Holdings Funding Ltd5.250% 05/15/20240.3%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.2%
Natixis Commercial Mortgage Securities Trust 2019-0.633% 10/15/20360.2%
Ghana Government International Bond7.875% 08/07/20230.2%
CarMax Auto Owner Trust 2017-31.970% 04/15/20220.2%
Carmax Auto Owner Trust 2019-42.600% 09/15/20250.2%
Anglo American Capital plc4.750% 04/10/20270.2%
Protective Life Corp.8.450% 10/15/20390.2%
PerkinElmer, Inc.3.300% 09/15/20290.2%
Carmax Auto Owner Trust 2019-42.320% 07/15/20250.2%
First Investors Auto Owner Trust 2019-22.710% 12/15/20250.2%
World Omni Automobile Lease Securitization Trust 22.890% 11/15/20210.2%
NRG Energy, Inc.4.450% 06/15/20290.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Park Aerospace Holdings Ltd5.500% 02/15/20240.2%
Saudi Government International Bond3.625% 03/04/20280.2%
Trimble Navigation Ltd.4.900% 06/15/20280.2%
TRTX 2019-FL3 Issuer Ltd4.100% 09/15/20340.2%
CPS Auto Receivables Trust 2019-D2.350% 11/15/20230.2%
CPS Auto Receivables Trust 2019-D2.540% 08/15/20240.2%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.2%
World Omni Automobile Lease Securitization Trust 22.830% 07/15/20210.2%
COMM Mortgage Trust4.436% 07/10/20500.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.2%
Carvana Auto Receivables Trust 2019-32.420% 04/15/20220.2%
Jamestown CLO VI-R Ltd3.090% 04/25/20300.2%
Reynolds American, Inc.5.700% 08/15/20350.2%
Drive Auto Receivables Trust 2019-42.700% 02/16/20270.2%
Global Atlantic Fin Co4.400% 10/15/20290.2%
Goldman Sachs Group, Inc.6.250% 02/01/20410.2%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.2%
CF Trust 2019-MF13.564% 08/21/20320.2%
Morgan Stanley3.625% 01/20/20270.2%
Aircastle Ltd.4.250% 06/15/20260.2%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
CF Trust 2019-MF13.864% 08/21/20320.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.2%
Credit Suisse Mortgage Capital Certificates 2019-I2.894% 05/15/20360.2%
Apache Corp.4.750% 04/15/20430.2%
Ecopetrol S.A.4.125% 01/16/20250.2%
General Electric Co.6.150% 08/07/20370.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.2%
JP Morgan Chase Commercial Mortgage Securities Cor3.750% 09/15/20290.2%
JP Morgan Chase Commercial Mortgage Securities Cor4.650% 09/15/20290.2%
JP Morgan Chase Commercial Mortgage Securities Cor5.350% 09/15/20290.2%
JP Morgan Chase Commercial Mortgage Securities Cor6.350% 09/15/20290.2%
JP Morgan Chase Commercial Mortgage Securities Cor7.350% 09/15/20290.2%
MEG Energy Corp.7.000% 03/31/20240.2%
Westpac Banking Corp.4.110% 07/24/20340.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
GS Mortgage Securities Corp Trust 2019-SMP0.587% 08/15/20320.2%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.2%
Banco de Credito e Inversiones3.500% 10/12/20270.2%
DPL, Inc.4.350% 04/15/20290.2%
Petroleos Mexicanos4.500% 01/23/20260.2%
AmeriCredit Automobile Receivables Trust 2015-33.340% 08/08/20210.2%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.2%
Oglethorpe Power Corp.5.050% 10/01/20480.2%
SM Energy Co.6.625% 01/15/20270.2%
Tencent Holdings Ltd.3.595% 01/19/20280.2%
Exelon Generation Co. LLC5.750% 10/01/20410.2%
PSEG Power LLC8.625% 04/15/20310.2%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.2%
SOUND POINT CLO XVII3.566% 10/20/20300.2%
United Mexican States, MTN3.750% 01/11/20280.2%
Drive Auto Receivables Trust 2019-42.840% 11/17/20250.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
Navient Corp.6.750% 06/25/20250.1%
Japan Bank for International Cooperation/Japan2.125% 02/10/20250.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
BAT Capital Corp4.390% 08/15/20370.1%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
Discover Bank4.682% 08/09/20280.1%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.1%
Petrobras Global Finance BV7.250% 03/17/20440.1%
National Australia Bank Ltd.3.933% 08/02/20340.1%
M360 2019-CRE2 LLC4.164% 09/15/20340.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Credit Acceptance Auto Loan Trust 2017-33.480% 10/15/20260.1%
IRB Holding Corp6.750% 02/15/20260.1%
Oaktree CLO 2014-13.466% 05/13/20290.1%
Newark BSL CLO 1 Ltd3.456% 12/21/20290.1%
BX Commercial Mortgage Trust 2019-XL4.000% 10/15/20360.1%
Greywolf CLO IV Ltd3.952% 04/17/20300.1%
Avery Point VII CLO Ltd4.451% 01/15/20280.1%
CIFC Funding 2017-I Ltd3.326% 04/23/20290.1%
Jamestown CLO IX Ltd4.616% 10/20/20280.1%
OHA Loan Funding 2016-1 Ltd3.766% 01/20/20280.1%
AmeriCredit Automobile Receivables Trust 2019-32.170% 01/18/20230.1%
Ares XLI Clo Ltd3.201% 01/15/20290.1%
Westlake Automobile Receivables Trust 2019-13.450% 03/15/20240.1%
Avery Point VII CLO Ltd3.751% 01/15/20280.1%
Sound Point Clo XII Ltd3.766% 10/20/20280.1%
KKR Clo 17 Ltd3.651% 04/15/20290.1%
Benefit Street Partners CLO XI3.751% 04/15/20290.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
KKR CLO 18 Ltd3.703% 07/18/20300.1%
ENI SpA5.700% 10/01/20400.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Gray Television, Inc.7.000% 05/15/20270.1%
Dominion Gas Holdings LLC4.600% 12/15/20440.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
Japan Bank for International Cooperation/Japan2.500% 05/23/20240.1%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.1%
American Express Credit Account Master Trust1.770% 11/15/20220.1%
Macquarie Group Ltd.4.654% 03/27/20290.1%
Danske Bank A/S5.375% 01/12/20240.1%
Bahamas Government International Bond6.000% 11/21/20280.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Perusahaan Listrik Negara PT5.250% 10/24/20420.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.1%
GM Financial Automobile Leasing Trust 2019-22.670% 06/21/20210.1%
BWAY Holding Co.7.250% 04/15/20250.1%
Kernel Holding SA8.750% 01/31/20220.1%
Kenya Government International Bond7.000% 05/22/20270.1%
AT&T, Inc.6.100% 07/15/20400.1%
Angolan Government International Bond8.250% 05/09/20280.1%
Nigeria Government International Bond6.375% 07/12/20230.1%
CBB International Sukuk Co 6 Spc5.250% 03/20/20250.1%
Alibaba Group Holding Ltd.3.600% 11/28/20240.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Bermuda Government International Bond3.717% 01/25/20270.1%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.1%
Pertamina Persero PT4.700% 07/30/20490.1%
Mexichem SAB de CV4.875% 09/19/20220.1%
CSN Resources SA7.625% 02/13/20230.1%
Egypt Government International Bond6.125% 01/31/20220.1%
MHP Lux SA6.950% 04/03/20260.1%
Netflix, Inc.6.375% 05/15/20290.1%
Minerva Luxembourg SA5.875% 01/19/20280.1%
Sri Lanka (Democratic Socialist Republic of)6.250% 07/27/20210.1%
Egypt Government International Bond6.588% 02/21/20280.1%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.1%
Eskom Holdings SOC Ltd.5.750% 01/26/20210.1%
Citigroup, Inc.3.980% 03/20/20300.1%
Saudi Arabian Oil Co2.875% 04/16/20240.1%
CVS Caremark Corp.2.625% 08/15/20240.1%
FX USD/JPY 01/200.000% 01/08/20200.1%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Elm CLO 2014-1 Ltd3.752% 01/17/20290.1%
Wells Fargo Commercial Mortgage Trust 2017-HSDB2.771% 12/13/20310.1%
Patterson-UTI Energy, Inc.3.950% 02/01/20280.1%
Chesapeake Funding II LLC1.910% 08/15/20290.1%
Wyndham Worldwide Corp.5.750% 04/01/20270.1%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Dominion Resources, Inc.7.000% 06/15/20380.1%
Time Warner Cable LLC6.550% 05/01/20370.1%
Petrobras Global Finance BV5.093% 01/15/20300.1%
Coty, Inc.6.500% 04/15/20260.1%
Spirit Realty LP3.400% 01/15/20300.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
CSMC 2017-HD Trust2.864% 02/15/20310.1%
BB-UBS Trust3.430% 11/05/20360.1%
William Lyon Homes, Inc.5.875% 01/31/20250.1%
Century Communities, Inc.6.750% 06/01/20270.1%
Republic of El Salvador6.375% 01/18/20270.1%
Global Payments, Inc.3.200% 08/15/20290.1%
Transocean Proteus Ltd.6.250% 12/01/20240.1%
Wells Fargo Commercial Mortgage Trust 2014-LC163.817% 08/15/20500.1%
LMREC 2019-CRE3 Inc3.567% 12/22/20350.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.1%
Airxcel, Inc.6.286% 04/28/20250.1%
BAMLL Trust4.420% 07/11/20330.1%
Brink's Co/The4.625% 10/15/20270.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
EPR Properties4.500% 06/01/20270.1%
Cent CLO Ltd.3.258% 10/29/20250.1%
BX Commercial Mortgage Trust 2019-XL3.450% 10/15/20360.1%
Match Group, Inc.5.625% 02/15/20290.1%
Dominican Republic International Bond6.400% 06/05/20490.1%
Assurant, Inc.3.700% 02/22/20300.1%
Mattel, Inc.6.750% 12/31/20250.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
GS Mortgage Securities Trust3.557% 04/10/20310.1%
Calpine Corp.5.750% 01/15/20250.1%
National Oilwell Varco, Inc.3.950% 12/01/20420.1%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.1%
BX Commercial Mortgage Trust 2019-XL3.250% 10/15/20360.1%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.1%
Hub International Ltd.7.000% 05/01/20260.1%
CF Industries, Inc.4.950% 06/01/20430.1%
OneMain Financial Issuance Trust 2019-13.480% 02/14/20310.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
QEP Resources, Inc.5.625% 03/01/20260.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Dollar Tree, Inc.4.200% 05/15/20280.1%
DISH DBS Corp.7.750% 07/01/20260.1%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.1%
Intelsat Jackson Holdings SA8.500% 10/15/20240.1%
Dell International LLC / EMC Corp6.020% 06/15/20260.1%
Aquarion Co.4.000% 08/15/20240.1%
Exeter Automobile Receivables Trust 2017-33.680% 07/17/20230.1%
Catholic Health Initiatives3.347% 10/01/20290.1%
Ashtead Capital, Inc.4.250% 11/01/20290.1%
BBA US Holdings Inc4.000% 03/01/20280.1%
Vistra Operations Co LLC4.300% 07/15/20290.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Goodman US Finance Three LLC3.700% 03/15/20280.1%
AXIS Specialty Finance LLC3.900% 07/15/20290.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
Vulcan Materials Co.4.700% 03/01/20480.1%
Fidelity National Financial Group4.500% 08/15/20280.1%
Morgan Stanley4.000% 07/23/20250.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.1%
TAL Advantage VI LLC4.500% 04/20/20420.1%
A10 Bridge Asset Financing LLC3.300% 05/15/20360.1%
Great American Auto Leasing Inc 2019-13.210% 02/18/20250.1%
Sinclair Broadcast Group, Inc.5.125% 02/15/20270.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Williams Scotsman International Inc6.875% 08/15/20230.1%
Hyundai Floorplan Master Owner Trust2.680% 04/15/20240.1%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.1%
SURA Asset Management SA4.875% 04/17/20240.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.1%
J.P. Morgan Chase Commercial Mortgage Securities T3.392% 06/05/20320.1%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.1%
Owens Corning7.000% 12/01/20360.1%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.1%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.1%
First National Master Note Trust 2018-12.381% 10/15/20240.1%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.1%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.1%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.1%
ProAmpac PG Borrower LLC5.532% 11/20/20230.1%
Citigroup Commercial Mortgage Trust3.251% 05/10/20350.1%
Helix Gen Funding, LLC5.536% 06/03/20240.1%
Provincia de Mendoza Argentina8.375% 05/19/20240.1%
West Town Mall Trust 2017-KNOX3.823% 07/05/20300.1%
NextGear Floorplan Master Owner Trust4.010% 10/15/20230.1%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.1%
American Express Credit Account Master Trust3.070% 10/15/20240.1%
Prestige Auto Receivables Trust 2019-13.900% 05/15/20260.1%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.1%
ACC Trust 2019-14.470% 10/20/20220.1%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.1%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.1%
CPS Auto Receivables Trust 2017-C3.790% 06/15/20230.1%
PFS Financing Corp.2.890% 02/15/20230.1%
BAMLL Commercial Mortgage Securities Trust 2019-AH3.514% 03/15/20340.1%
ACC Trust 2018-14.820% 05/20/20210.1%
JP Morgan Chase Commercial Mortgage Securities Tru3.621% 09/05/20320.1%
Allegion plc3.500% 10/01/20290.1%
Atrium Hotel Portfolio Trust 2018-ATRM2.864% 06/15/20350.1%
BDS 2019-FL3 LTD3.597% 12/15/20350.1%
BHP Trust 2019-BXHP4.481% 08/15/20360.1%
BX Commercial Mortgage Trust 2019-XL3.800% 10/15/20360.1%
DBWF 2018-GLKS Mortgage Trust2.876% 11/19/20350.1%
Exantas Capital Corp 2019-RSO7 Ltd3.346% 04/15/20360.1%
GS Mortgage Securities Corp Trust 2018-RIVR2.864% 07/15/20350.1%
Synchrony Credit Card Master Note Trust2.640% 03/15/20230.1%
Exantas Capital Corp 2019-RSO7 Ltd2.846% 04/15/20360.1%
Great Wolf Trust 2017-WOLF2.764% 09/15/20340.1%
Eterna Capital Pte Ltd8.000% 12/11/20220.1%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.1%
Textainer Marine Containers VII Ltd3.960% 04/20/20440.1%
Cardtronics Inc / Cardtronics USA Inc5.500% 05/01/20250.1%
Popular, Inc.6.125% 09/14/20230.1%
Drive Auto Receivables Trust 2017-13.840% 03/15/20230.1%
Eni USA Inc7.300% 11/15/20270.1%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.1%
Pentair Finance SA4.500% 07/01/20290.1%
SLM Student Loan Trust 2007-32.000% 01/25/20220.0%
Morgan Stanley3.875% 01/27/20260.0%
Aqua America, Inc.3.566% 05/01/20290.0%
Barrick North America Finance LLC7.500% 09/15/20380.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Intertape Polymer Group Inc7.000% 10/15/20260.0%
Tenet Healthcare Corp.6.250% 02/01/20270.0%
Towd Point Mortgage Trust 2019-HY22.823% 05/25/20580.0%
TRI Pointe Homes LLC5.250% 06/01/20270.0%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.625% 01/15/20240.0%
ME Funding LLC 2019-16.448% 07/30/20490.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
Ford Credit Floorplan Master Owner Trust A3.060% 04/15/20260.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
AMC Networks, Inc.4.750% 08/01/20250.0%
Freeport-McMoRan, Inc.3.875% 03/15/20230.0%
Sinclair Broadcast Group, Inc.5.875% 03/15/20260.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Drive Auto Receivables Trust3.660% 11/15/20240.0%
AREIT 2018-CRE2 Trust2.869% 11/14/20350.0%
Capital One Multi-Asset Execution Trust2.431% 09/16/20240.0%
American Express Credit Account Master Trust2.364% 09/16/20240.0%
Santander UK plc7.950% 10/26/20290.0%
Bayer Corp6.650% 02/15/20280.0%
Ashland, Inc.6.875% 05/15/20430.0%
RETL 2019-RVP4.014% 03/15/20360.0%
BX Commercial Mortgage Trust 2018-BIOA2.585% 03/15/20370.0%
Yak Access LLC12.319% 07/10/20260.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.805% 06/10/20270.0%
Stonemont Portfolio Trust 2017-STONE5.446% 08/20/20300.0%
Stonemont Portfolio Trust 2017-STONE4.596% 08/20/20300.0%
SCF Equipment Leasing 2019-1 LLC3.040% 03/20/20230.0%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.0%
BBCMS 2018-TALL Mortgage Trust4.351% 03/15/20370.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Bill Barrett Corp.7.000% 10/15/20220.0%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.0%
Surgery Center Holdings, Inc.10.000% 04/15/20270.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.0%
Eoc Group Inc5.036% 02/28/20250.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
COMM Mortgage Trust4.290% 07/10/20500.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
Wells Fargo Commercial Mortgage Trust4.111% 05/15/20480.0%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
Hilton Orlando Trust 2018-ORL3.614% 12/15/20340.0%
BX Trust 2018-GW2.714% 05/15/20350.0%
COMM Mortgage Trust4.436% 07/10/20500.0%
U.S. Treasury Note/Bond2.750% 11/15/20470.0%
COMM Mortgage Trust4.349% 12/10/20470.0%
American Credit Acceptance Receivables Trust 2016-6.090% 05/12/20220.0%
WFRBS Commercial Mortgage Trust4.886% 08/15/20450.0%
WFRBS Commercial Mortgage Trust4.330% 03/15/20480.0%
Natixis Commercial Mortgage Securities Trust 2018-3.790% 11/15/20320.0%
Natixis Commercial Mortgage Securities Trust 2018-3.790% 11/15/20320.0%
GS Mortgage Securities Trust4.517% 11/10/20470.0%
Westlake Automobile Receivables Trust 2018-12.670% 05/17/20210.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.014% 06/15/20320.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.914% 06/15/20350.0%
Ecopetrol S.A.5.875% 05/28/20450.0%
Toll Brothers Finance Corp.4.875% 03/15/20270.0%
Drive Auto Receivables Trust 2017-32.800% 07/15/20220.0%
Universal Health Services, Inc.4.750% 08/01/20220.0%
GM Financial Automobile Leasing Trust 2019-22.670% 03/21/20220.0%
Hilton Orlando Trust 2018-ORL2.684% 12/15/20340.0%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
Summit Materials LLC5.125% 06/01/20250.0%
Citigroup, Inc.4.450% 09/29/20270.0%
California Republic Auto Receivables Trust2.530% 06/15/20210.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Government National Mortgage Association2.700% 08/16/20580.0%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.0%
MEG Energy Corp.6.375% 01/30/20230.0%
PHEAA Student Loan Trust I2.210% 04/25/20380.0%
SG Commercial Mortgage Securities Trust 2019-787E0.305% 02/15/20410.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.514% 06/15/20320.0%
Charter Communications Operating LLC6.484% 10/23/20450.0%
Las Vegas Sands Corp.3.900% 08/08/20290.0%
Capital Auto Receivables Asset Trust3.340% 03/22/20210.0%
Government National Mortgage Association2.750% 02/16/20580.0%
Government National Mortgage Association2.700% 04/16/20570.0%
Mercedes-Benz Auto Lease Trust 2018-B3.040% 12/15/20200.0%
AT&T, Inc.6.200% 03/15/20400.0%
JP Morgan Chase Commercial Mortgage Securities Cor4.613% 07/05/20310.0%
Government National Mortgage Association2.600% 06/16/20570.0%
YPF S.A.8.500% 03/23/20210.0%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.0%
Motel 6 Trust 2017-MTL65.164% 08/15/20340.0%
Fifth Third Auto Trust 2019-12.690% 11/16/20260.0%
Hardee's Funding LLC4.959% 06/20/20480.0%
Caesars Palace Las Vegas Trust 2017-VICI4.354% 10/15/20340.0%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.0%
Shelter Growth CRE 2018-FL1 Issuer Ltd2.914% 01/15/20350.0%
Interest Rate Swap0.000% 04/01/20210.0%
WFRBS Commercial Mortgage Trust3.488% 09/15/20570.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.240% 07/05/20330.0%
WFRBS Commercial Mortgage Trust3.863% 03/15/20480.0%
Community Health Systems, Inc.8.000% 11/15/20190.0%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.0%
GS Mortgage Securities Corp Trust 2018-FBLU4.671% 11/15/20350.0%
Oasis Petroleum, Inc.6.875% 03/15/20220.0%
South Carolina Electric & Gas Co.6.050% 01/15/20380.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
GS Mortgage Securities Corp Trust 2018-FBLU2.871% 11/15/20350.0%
Orec 2018-CRE1 Ltd3.094% 06/15/20360.0%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.0%
Norbord, Inc.6.250% 04/15/20230.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
HCA, Inc.5.500% 06/15/20470.0%
CarMax Auto Owner Trust2.880% 10/15/20210.0%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.0%
Neuberger Berman Group LLC4.500% 03/15/20270.0%
Solera Finance, Inc.10.500% 03/01/20240.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Bank of America Corp.3.824% 01/20/20280.0%
Goldman Sachs Group, Inc.6.750% 10/01/20370.0%
E*TRADE Financial Corp.4.500% 06/20/20280.0%
Macquarie Bank Ltd.6.625% 04/07/20210.0%
DLL 2018-2 LLC3.140% 10/20/20200.0%
BAT Capital Corp3.557% 08/15/20270.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
GM Financial Automobile Leasing Trust 2017-32.010% 11/20/20200.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
General Electric Co.2.945% 05/05/20260.0%
SLIDE 2018-FUN3.764% 06/15/20310.0%
Government National Mortgage Association2.700% 07/16/20570.0%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.0%
First Investors Auto Owner Trust2.410% 12/15/20220.0%
Government National Mortgage Association2.650% 11/16/20500.0%
Carnival plc7.875% 06/01/20270.0%
Discover Card Execution Note Trust3.040% 07/15/20240.0%
Orange Lake Timeshare Trust 2015-A2.880% 09/08/20270.0%
Government National Mortgage Association2.750% 02/16/20580.0%
Exelon Generation Co. LLC6.250% 10/01/20390.0%
American Credit Acceptance Receivables Trust 2018-3.380% 12/13/20210.0%
Quality Distribution, Inc.10.604% 08/18/20230.0%
Brightsphere Investment Group Inc4.800% 07/27/20260.0%
Intelsat Jackson Holdings SA5.500% 08/01/20230.0%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.0%
EPR Properties4.750% 12/15/20260.0%
Government National Mortgage Association2.600% 07/16/20580.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.0%
Caesars Palace Las Vegas Trust 2017-VICI4.354% 10/15/20340.0%
COMM Mortgage Trust4.436% 07/10/20500.0%
JPMBB Commercial Mortgage Securities Trust4.268% 07/15/20480.0%
BCD Acquisition, Inc.9.625% 09/15/20230.0%
ACC Trust 2018-13.700% 12/21/20200.0%
Americredit Automobile Receivables Trust 2018-32.128% 01/18/20220.0%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr3.048% 11/15/20350.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr3.378% 11/15/20350.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.940% 07/05/20330.0%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The2.764% 01/15/20330.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.0%
South Carolina Electric & Gas Co.6.625% 02/01/20320.0%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.829% 10/15/20450.0%
Kinross Gold Corp.5.950% 03/15/20240.0%
Bank of America Corp.4.000% 01/22/20250.0%
PPL Corp.5.200% 07/15/20410.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Eoc Group Inc3.458% 02/26/20260.0%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.0%
Drive Auto Receivables Trust3.340% 09/15/20220.0%
Foursight Capital Automobile Receivables Trust 2012.870% 10/15/20210.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
Pennsylvania5.350% 05/01/20300.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
Foursight Capital Automobile Receivables Trust 2012.850% 08/16/20210.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Flagship Credit Auto Trust 2017-31.880% 10/15/20210.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Drive Auto Receivables Trust3.020% 11/15/20210.0%
Mercedes-Benz Auto Receivables Trust 2016-11.260% 02/16/20210.0%
Drive Auto Receivables Trust3.040% 11/15/20210.0%
CAN 5YR FUT DEC190.000% 12/31/20190.0%
US 2YR NOTE (CBT) DEC190.000% 01/06/20200.0%
US ULTRA BOND CBT DEC190.000% 12/31/20190.0%
EURO-SCHATZ FUT DEC190.000% 12/10/20190.0%
US 5YR NOTE (CBT) DEC190.000% 01/06/20200.0%
FX USD/CAD 12/190.000% 12/13/20190.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 12/06/2019
$0.478
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2019 $0.03921 $15.40
Daily Daily 10/31/2019 $0.04004 $15.43
Daily Daily 09/30/2019 $0.04007 $15.42
Daily Daily 08/31/2019 $0.03835 $15.51
Daily Daily 07/31/2019 $0.04336 $15.28
Daily Daily 06/30/2019 $0.04697 $15.25
Daily Daily 05/31/2019 $0.04682 $15.05
Daily Daily 04/30/2019 $0.04585 $14.93
Daily Daily 03/31/2019 $0.04626 $14.90
Daily Daily 02/28/2019 $0.04406 $14.68
Daily Daily 01/31/2019 $0.04742 $14.69

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 12/31/2019

Yield

Yield

Dividend Yield as of 12/06/2019  

  Subsidized Un-Subsidized
w/o sales charge 3.06% 1.35%

30-Day Standardized Yield as of 10/31/2019  

Subsidized Un-Subsidized
2.34% 2.31%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 11/30/2019

Fund Gross Expense Ratio Fund Net Expense Ratio
2.17% 0.46%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015
Flyer
Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance. Past performance is no guarantee of future results.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

Class F3 - The inception date for Class F3 shares is April 4, 2017. The performance quotations for Class F3 are based on the following methods of calculation: (a) for periods prior to April 4, 2017,  performance is based on the historical performance of the Fund’s Class R6 shares, which have an equivalent expense ratio to the Fund’s F3 shares; and (b) for periods after April 4, 2017, actual Class F3 performance is used, which reflects all charges and fees applicable to Class F3 shares.

Class F3 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The Bloomberg Barclays U.S. Universal Index represents the union of the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index. Municipal debt, private placements, and non-dollar-denominated issues are excluded from the Universal Index. The only constituent of the index that includes floating-rate debt is the Emerging Markets Index.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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