LTRAX | Total Return Fund Class A | Lord Abbett
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Total Return Fund

Daily price w/o sales charge as of 03/03/2021

$10.53

arrowDown$0.03

YTD Returns w/o sales charge as of 03/03/2021

-1.63%

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 Total Return Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities, with select allocations to high yield and foreign debt securities.

 

EXPERIENCED INVESTMENT TEAM

Managed through collaboration among 40+ investment professionals in portfolio management, credit research, and trading.

DISCIPLINED, FLEXIBLE APPROACH

Utilizes a blend of fundamental research and quantitative analysis in seeking to add value through sector rotation, security selection, and rigorous risk management.

CONSISTENT, RISK-ADJUSTED RETURNS

Has offered a track record of generating above-average returns with below-average risk in a variety of market environments, versus its peers in the Morningstar Intermediate-Term Bond Category.

Yield

Dividend Yield 1 as of 03/03/2021  

w/o sales charge 1.97%
w/ sales charge 1.93%

30-Day Standardized Yield 2 as of 01/31/2021  

1.03%

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

Expense Ratioas of 01/31/2021

Fund Basicsas of 01/29/2021

Total Net Assets
$4.26 B
Inception Date
08/31/2000
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
540
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge -1.46% 2.42% 4.98% 3.94% 3.86% 5.16%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index -2.15% 1.38% 5.32% 3.55% 3.58% 4.84%
w/ sales charge -3.71% 0.10% 4.19% 3.46% 3.62% 5.04%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

0.68%

Fund Expense Ratio :

0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 7.36% 7.36% 4.83% 4.47% 4.10% 5.28%
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% 5.00%
w/ sales charge 4.96% 4.96% 4.04% 4.01% 3.86% 5.16%

Fund Expense Ratio :

0.68%

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
U.S. Government Related
Investment Grade Corporate
MBS
ABS
High Yield Corporate
CMBS
Sovereign
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
1-3 years
3-5 years
5-7 years
7-10 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 01/29/2021 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

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

26 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Supported By 63 Investment Professionals with 17 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 03/03/2021  

w/o sales charge 1.97%
w/ sales charge 1.93%

30-Day Standardized Yield 2 as of 01/31/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.03% 1.03%

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

Fund Expense Ratio :

0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge -1.46% 2.42% 4.98% 3.94% 3.86% 5.16%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index -2.15% 1.38% 5.32% 3.55% 3.58% 4.84%
w/ sales charge -3.71% 0.10% 4.19% 3.46% 3.62% 5.04%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

0.68%

Fund Expense Ratio :

0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 7.36% 7.36% 4.83% 4.47% 4.10% 5.28%
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% 5.00%
w/ sales charge 4.96% 4.96% 4.04% 4.01% 3.86% 5.16%

Fund Expense Ratio :

0.68%

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.

Year Fund Returns Bloomberg Barclays U.S. Aggregate Bond Index
2020 7.36% 7.51%
2019 8.32% 8.72%
2018 -0.93% 0.01%
2017 3.82% 3.54%
2016 4.05% 2.65%
2015 -0.64% 0.55%
2014 6.12% 5.97%
2013 -1.40% -2.02%
2012 7.73% 4.22%
2011 7.20% 7.84%
2010 7.59% -
2009 15.67% -
2008 -1.22% -
2007 5.68% -
2006 4.15% -
2005 2.30% -
2004 4.28% -
2003 5.01% -
2002 8.73% -
2001 9.35% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - -1.63%
2020 -1.17% 4.52% 1.83% 2.06% 7.36%
2019 3.22% 2.99% 1.66% 0.22% 8.32%
2018 -1.51% -0.35% 0.26% 0.69% -0.93%
2017 1.14% 1.43% 0.83% 0.37% 3.82%
2016 2.82% 2.71% 1.14% -2.59% 4.05%
2015 1.58% -1.50% 0.05% -0.74% -0.64%
2014 2.33% 2.50% 0.06% 1.11% 6.12%
2013 0.49% -2.81% 0.49% 0.47% -1.40%
2012 1.82% 1.94% 2.71% 1.04% 7.73%
2011 1.01% 2.09% 2.38% 1.53% 7.20%
2010 2.42% 2.75% 3.31% -1.05% 7.59%
2009 2.42% 5.52% 6.23% 0.75% 15.67%
2008 1.08% -0.04% -2.05% -0.19% -1.22%
2007 1.48% -0.75% 2.63% 2.24% 5.68%
2006 -0.38% -0.28% 3.62% 1.18% 4.15%
2005 -0.37% 3.02% -0.71% 0.39% 2.30%
2004 2.33% -2.29% 3.11% 1.15% 4.28%
2003 1.50% 3.00% -0.12% 0.56% 5.01%
2002 0.10% 2.26% 3.47% 2.65% 8.73%
2001 3.41% 0.54% 4.68% 0.47% 9.35%
2000 - - - 4.70% 5.63%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 02/28/2021

The chart begins on the Fund's inception date of 08/31/2000.

Based on a hypothetical Class A share investment of $10,000 on 08/31/2000 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
U.S. Government Related
Investment Grade Corporate
MBS
ABS
High Yield Corporate
CMBS
Sovereign
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
1-3 years
3-5 years
5-7 years
7-10 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 01/29/2021

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

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 Positioning as of 9/30/2020

  • We modestly increased the Fund’s allocation to high yield emerging market debt as we saw attractive relative value within the asset class.
  • We decreased the Fund’s allocation to asset-backed securities (ABS) over the quarter, as the asset class has experienced significant spread tightening and we found attractive relative value elsewhere, however we maintained our overweight position to the sector. We favor high quality ABS that are backed by credit cards and auto loans, and we have avoided areas of the market that have been more directly exposed to the impact of the coronavirus (such as container and aircraft ABS).
  • We feel valuations are attractive compared to underlying economic fundamentals.  The Fed continues to provide an environment of significantly low volatility, negative real yields, and support to maintain market liquidity.

Portfolio Details as of 01/29/2021

Total Net Assets
$4.26 B
Number of Issues
540
Average Coupon
3.07%
Average Life
5.59 Years
Average Maturity
5.59 Years
Average Effective Duration
5.72 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 Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security.  Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
United States Treasury Bill 0.000% 02/04/2021 11.7%
30-YR UMBS-TBA PROD FEB 3.500% 09/01/2049 8.5%
30-YR UMBS-TBA PROD FEB 3.000% 02/01/2050 8.0%
United States Treasury Bill 0.000% 04/29/2021 5.1%
U.S. Treasury Note/Bond 2.500% 01/31/2021 5.1%
U.S. Treasury Note/Bond 0.125% 12/15/2023 3.2%
U.S. Treasury Note/Bond 0.375% 11/30/2025 2.7%
U.S. Treasury Note/Bond 0.125% 10/31/2022 2.5%
U.S. Treasury Note/Bond 0.625% 08/15/2030 2.3%
Japan Treasury Discount Bill 0.000% 02/22/2021 2.0%
% of Total Assets 51.1%
Holding Coupon Maturity Assets
United States Treasury Bill0.000% 02/04/202111.7%
30-YR UMBS-TBA PROD FEB3.500% 09/01/20498.5%
30-YR UMBS-TBA PROD FEB3.000% 02/01/20508.0%
United States Treasury Bill0.000% 04/29/20215.1%
U.S. Treasury Note/Bond2.500% 01/31/20215.1%
U.S. Treasury Note/Bond0.125% 12/15/20233.2%
U.S. Treasury Note/Bond0.375% 11/30/20252.7%
U.S. Treasury Note/Bond0.125% 10/31/20222.5%
U.S. Treasury Note/Bond0.625% 08/15/20302.3%
Japan Treasury Discount Bill0.000% 02/22/20212.0%
30-YR UMBS-TBA PROD FEB4.000% 02/01/20492.0%
U.S. Treasury Note/Bond1.625% 11/15/20501.5%
30-YR UMBS-TBA PROD FEB2.500% 05/01/20461.4%
Federal National Mortgage Assoc.3.500% 09/01/20470.9%
Wells Fargo & Co.2.393% 06/02/20280.9%
Ford Credit Auto Lease Trust 2021-A0.190% 07/15/20230.7%
Mercedes-Benz Auto Lease Trust 2021-A0.180% 03/15/20230.7%
Carmax Auto Owner Trust 2021-10.220% 02/15/20240.7%
Emera US Finance L.P.3.550% 06/15/20260.7%
Drive Auto Receivables Trust5.300% 07/15/20240.6%
Federal National Mortgage Assoc.3.500% 03/01/20500.6%
JPMorgan Chase & Co.3.782% 02/01/20280.5%
Boeing Co.4.875% 05/01/20250.5%
Westlake Automobile Receivables Trust 2020-20.930% 02/15/20240.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
Biogen Idec, Inc.2.250% 05/01/20300.5%
U.S. Treasury Note/Bond1.375% 08/15/20500.5%
U.S. Treasury Note/Bond1.125% 05/15/20400.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
NiSource, Inc.3.490% 05/15/20270.5%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
Morgan Stanley3.625% 01/20/20270.4%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.4%
Glencore Funding LLC4.875% 03/12/20290.4%
Petroleos Mexicanos5.350% 02/12/20280.4%
Alcon Finance Corp2.600% 05/27/20300.4%
CIFC Funding 2021-I Ltd0.000% 04/25/20330.4%
General Motors Financial Co Inc3.600% 06/21/20300.4%
BAT Capital Corp4.906% 04/02/20300.4%
Citigroup, Inc.3.887% 01/10/20280.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Genesis Sales Finance Master Trust1.650% 09/22/20250.4%
Boeing Co.5.040% 05/01/20270.4%
HCA, Inc.4.125% 06/15/20290.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
General Electric Co.3.554% 06/15/21990.3%
Ford Credit Auto Owner Trust 2020-B0.500% 02/15/20230.3%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.3%
AT&T, Inc.4.300% 02/15/20300.3%
ME Funding LLC 2019-16.448% 07/30/20490.3%
CVS Caremark Corp.4.300% 03/25/20280.3%
Great Wolf Trust 2019-WOLF1.160% 12/15/20360.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Anthem, Inc.2.250% 05/15/20300.3%
Oracle Corp.2.950% 04/01/20300.3%
NVR, Inc.3.000% 05/15/20300.3%
Equinix, Inc.1.550% 03/15/20280.3%
Lending Funding Trust 2020-22.320% 04/21/20310.3%
Bank of America Corp.3.593% 07/21/20280.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
Anglo American Capital plc4.000% 09/11/20270.3%
Boston Scientific Corp.2.650% 06/01/20300.3%
Kayne CLO 7 Ltd1.423% 04/17/20330.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
Shackleton 2019-XIV Clo Ltd2.124% 07/20/20300.3%
Starwood Mortgage Residential Trust 2020-31.486% 04/25/20650.3%
Benefit Street Partners CLO IV Ltd1.474% 01/20/20290.3%
Dell International LLC / EMC Corp.8.350% 07/15/20460.3%
JD.com, Inc.3.375% 01/14/20300.3%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.3%
COMM 2014-UBS4 Mortgage Trust4.707% 08/10/20470.3%
Vistra Operations Co LLC3.550% 07/15/20240.3%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor3.337% 12/15/20270.3%
UBS AG Registered Shares5.125% 05/15/20240.3%
Octagon Investment Partners XV Ltd1.274% 07/19/20300.3%
One New York Plaza Trust 2020-1NYP1.626% 01/15/20260.2%
Western Gas Partners L.P.5.050% 02/01/20300.2%
Regeneron Pharmaceuticals, Inc.1.750% 09/15/20300.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
Ghana Government International Bond6.375% 02/11/20270.2%
Elmwood CLO VIII Ltd0.000% 01/20/20340.2%
Republic of Indonesia1.850% 03/12/20310.2%
Citigroup, Inc.3.980% 03/20/20300.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
ALM VII Ltd2.091% 07/15/20290.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
Springleaf Finance Corp.5.375% 11/15/20290.2%
Verus Securitization Trust 2020-51.218% 05/25/20650.2%
BX Trust 2018-GW0.926% 05/15/20350.2%
Nigeria Government International Bond7.143% 02/23/20300.2%
Ford Motor Co7.450% 07/16/20310.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
Avolon Holdings Funding Ltd4.250% 04/15/20260.2%
FirstEnergy Corp.4.400% 07/15/20270.2%
Fairstone Financial Issuance Trust I5.162% 10/20/20390.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Kayne CLO 5 Ltd1.568% 07/24/20320.2%
Owens Corning3.950% 08/15/20290.2%
WEA Finance LLC2.875% 01/15/20270.2%
National Fuel Gas Co.5.500% 01/15/20260.2%
MHP Lux SA6.250% 09/19/20290.2%
Credit Suisse Mortgage Capital Certificates1.616% 04/25/20650.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
NXP BV / NXP Funding LLC / NXP USA Inc3.150% 05/01/20270.2%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.2%
Perimeter Master Note Business Trust4.310% 12/15/20220.2%
Advocate Health & Hospitals Corp2.211% 06/15/20300.2%
MEG Energy Corp.7.125% 02/01/20270.2%
Benchmark 2020-B22 Mortgage Trust2.698% 01/15/20540.2%
PSEG Power LLC8.625% 04/15/20310.2%
Transocean Guardian Ltd5.875% 01/15/20240.2%
Octagon Investment Partners 48 Ltd1.732% 10/20/20310.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Egypt Government International Bond7.600% 03/01/20290.2%
COMM 2015-DC1 Mortgage Trust4.308% 02/10/20480.2%
Occidental Petroleum Corp.6.125% 01/01/20310.2%
Wells Fargo Commercial Mortgage Trust4.094% 05/15/20480.2%
MPLX L.P.3.375% 03/15/20230.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.394% 07/05/20330.2%
Watco Cos. LLC / Watco Finance Corp.6.500% 06/15/20270.2%
Gracie Point International Funding 2020-B2.527% 05/02/20230.2%
Liberty Utilities Finance GP 12.050% 09/15/20300.2%
Marble Point CLO XVII Ltd1.518% 04/20/20330.2%
EPR Properties4.950% 04/15/20280.2%
HCA, Inc.5.250% 06/15/20260.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
Navient Corp.5.000% 03/15/20270.2%
KKR CLO 29 Ltd0.000% 01/15/20320.2%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.2%
SLC Student Loan Trust 2008-11.817% 12/15/20320.2%
Prosus NV3.832% 02/08/20510.2%
Eskom Holdings SOC Ltd.6.350% 08/10/20280.2%
Saudi Arabian Oil Co2.875% 04/16/20240.2%
Morgan Stanley4.431% 01/23/20300.2%
Netflix, Inc.6.375% 05/15/20290.2%
Atrium Hotel Portfolio Trust 2018-ATRM1.076% 06/15/20350.2%
TPG Real Estate Finance 2018-FL2 Issuer LTD1.257% 11/15/20370.2%
Michigan Fin Auth3.084% 12/01/20340.2%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.2%
COMM Mortgage Trust4.320% 07/10/20500.2%
Mountain View CLO 2017-1 LLC1.313% 10/16/20290.2%
Carnival Corp.11.500% 04/01/20230.2%
Orec 2018-CRE1 Ltd1.307% 06/15/20360.2%
Bank of America Corp.3.970% 03/05/20290.2%
DBWF 2018-GLKS Mortgage Trust1.160% 12/19/20300.2%
Octagon Investment Partners 29 Ltd1.398% 01/24/20330.2%
CarMax Auto Owner Trust 2020-41.300% 08/17/20260.2%
Dynegy Holdings, Inc.4.950% 09/14/20260.2%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.2%
AerCap Ireland Capital Ltd.3.875% 01/23/20280.2%
GrubHub Holdings Inc5.500% 07/01/20270.2%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.2%
Equinix, Inc.2.625% 11/18/20240.1%
Qatar Government International Bond3.250% 06/02/20260.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.426% 06/15/20320.1%
Petroleos Mexicanos4.500% 01/23/20260.1%
HCA, Inc.4.500% 02/15/20270.1%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.126% 06/15/20320.1%
World Financial Network Credit Card Master Trust3.460% 07/15/20250.1%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.1%
BCP Raptor II LLC0.000% 10/22/20250.1%
Continental Resources, Inc.5.750% 01/15/20310.1%
Sunac China Holdings Ltd7.875% 02/15/20220.1%
Bayer US Finance II LLC3.875% 12/15/20230.1%
Murphy Oil Corp.5.875% 12/01/20270.1%
Prosus NV5.500% 07/21/20250.1%
Massachusetts Sch Bldg Auth3.395% 10/15/20400.1%
Sri Lanka (Democratic Socialist Republic of)5.875% 07/25/20220.1%
GS Mortgage Securities Trust 2020-GSA22.989% 12/12/20530.1%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.1%
LifePoint Hospitals, Inc.4.375% 02/15/20270.1%
Ball Corp.2.875% 08/15/20300.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
BSPRT 2018-FL4 Issuer Ltd1.177% 09/15/20350.1%
KKR CLO 18 Ltd1.496% 07/18/20300.1%
Bahia Sul Holdings GmbH3.750% 01/15/20310.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Carmax Auto Owner Trust 2019-42.010% 03/15/20230.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
New York City Transitional Fin Auth1.950% 08/01/20340.1%
Republic of Turkey4.250% 04/14/20260.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
Statoil ASA7.150% 11/15/20250.1%
CPS Auto Receivables Trust 2020-C1.710% 08/17/20260.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
Bank of America Corp.4.000% 01/22/20250.1%
Frontier Communications Corp.5.000% 05/01/20280.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Honda Auto Receivables 2020-2 Owner Trust0.740% 11/15/20220.1%
Meituan3.050% 10/28/20300.1%
Adient Global Holdings Ltd.4.875% 08/15/20260.1%
Capital Auto Receivables Asset Trust 2018-23.690% 12/20/20230.1%
Dominican Republic International Bond4.875% 09/23/20320.1%
Vertical US Newco Inc5.250% 07/15/20270.1%
Flagship Credit Auto Trust 2018-33.590% 12/16/20240.1%
Range Resources Corp.9.250% 02/01/20260.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
TransDigm, Inc.6.375% 06/15/20260.1%
EQT Corp.7.875% 02/01/20250.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
JFIN CLO 2014 Ltd1.674% 04/21/20250.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
Jamestown CLO VII Ltd.2.818% 07/25/20270.1%
American Airlines Inc11.750% 07/15/20250.1%
Southwestern Energy Co.7.750% 10/01/20270.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Newark BSL CLO 1 Ltd3.213% 12/21/20290.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
Continental Resources, Inc.3.800% 06/01/20240.1%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.1%
Eldorado Resorts, Inc.8.125% 07/01/20270.1%
FMG Finance Pty Ltd.4.500% 09/15/20270.1%
Freeport-McMoRan, Inc.4.250% 03/01/20300.1%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Park Intermediate Holdings LLC / PK Domestic Prope5.875% 10/01/20280.1%
Netflix, Inc.4.875% 06/15/20300.1%
Penske Automotive Group, Inc.3.500% 09/01/20250.1%
NRG Energy, Inc.2.450% 12/02/20270.1%
GUSAP III LP4.250% 01/21/20300.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
LogMeIn, Inc.5.500% 09/01/20270.1%
GS Mortgage Securities Corp Trust 2018-RIVR1.076% 07/15/20350.1%
L Brands, Inc.6.875% 11/01/20350.1%
IRB Holding Corp7.000% 06/15/20250.1%
Pacific Gas & Electric Co.5.000% 07/01/20280.1%
Garda World Security Corp4.625% 02/15/20270.1%
Heartland Dental Care, LLC3.621% 04/30/20250.1%
Banco do Brasil SA4.625% 01/15/20250.1%
Bermuda Government International Bond2.375% 08/20/20300.1%
CF Trust 2019-BOSS4.750% 12/15/20210.1%
Banff Merger Sub Inc9.750% 09/01/20260.1%
Diamondback Energy, Inc.4.750% 05/31/20250.1%
Nationstar Mortgage Holdings, Inc.5.500% 08/15/20280.1%
Spring Education Group, Inc.4.504% 07/30/20250.1%
Cliffs Natural Resources, Inc.5.875% 06/01/20270.1%
Antofagasta PLC2.375% 10/14/20300.1%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.1%
Forterra Finance LLC / FRTA Finance Corp6.500% 07/15/20250.1%
Learning Care Group (US) No. 2 Inc.4.250% 03/13/20250.1%
Cemex, S.A.B. de C.V.5.450% 11/19/20290.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
Live Nation Entertainment, Inc.4.750% 10/15/20270.1%
Kuehg Corp4.750% 02/14/20250.1%
Mountain View CLO X Ltd1.575% 10/13/20270.1%
United Rentals, Inc.4.000% 07/15/20300.1%
Credit Suisse Group AG4.500% 03/03/21990.1%
Brazos Delaware II, LLC4.130% 05/21/20250.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.625% 03/01/20290.1%
Kraft Heinz Foods Co.4.375% 06/01/20460.1%
Egypt Government International Bond6.588% 02/21/20280.1%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
DaVita, Inc.3.750% 02/15/20310.1%
Select Medical Corp.6.250% 08/15/20260.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Citigroup, Inc.2.666% 01/29/20310.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Nouryon Holding BV8.000% 10/01/20260.1%
Cedar Fair LP5.250% 07/15/20290.1%
DISH DBS Corp.7.750% 07/01/20260.1%
Centene Corp.3.375% 02/15/20300.1%
Aegea Finance Sarl5.750% 10/10/20240.1%
Tenet Healthcare Corp.4.875% 01/01/20260.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Mattel, Inc.6.750% 12/31/20250.1%
NRG Energy, Inc.5.750% 01/15/20280.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Vail Resorts, Inc.6.250% 05/15/20250.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Neuberger Berman Group LLC4.500% 03/15/20270.1%
BBCMS 2019-BWAY Mortgage Trust1.082% 11/15/20340.1%
MEDNAX, Inc.6.250% 01/15/20270.1%
Omnova Solutions, Inc.4.750% 10/20/20280.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Zayo Group Holdings, Inc.4.000% 03/01/20270.1%
Genesis Sales Finance Master Trust Series 2019-A4.680% 08/20/20230.1%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.1%
PFP 2019-6 Ltd1.179% 04/14/20370.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Gap, Inc.8.625% 05/15/20250.1%
Government National Mortgage Association2.900% 02/16/20490.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
CF Industries, Inc.4.950% 06/01/20430.1%
CSC Holdings LLC5.500% 04/15/20270.1%
Nigeria Government International Bond6.375% 07/12/20230.1%
Elmwood CLO III Ltd4.091% 10/15/20320.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Hewlett Packard Enterprise Co.0.929% 03/12/20210.1%
CSMC Series 2019-UVIL3.160% 12/15/20410.1%
Century Communities, Inc.6.750% 06/01/20270.1%
Griffon Corp.5.750% 03/01/20280.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Omnova Solutions, Inc.4.500% 10/20/20250.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Cedar Funding VI CLO Ltd1.824% 10/20/20280.1%
Time Warner Cable LLC7.300% 07/01/20380.1%
California7.625% 03/01/20400.1%
Tralee CLO III Ltd1.254% 10/20/20270.1%
COMM Mortgage Trust4.290% 07/10/20500.1%
BANK 2020-BNK302.757% 12/15/20530.1%
GREYWOLF CLO VII Ltd1.404% 10/20/20310.1%
BAT Capital Corp4.700% 04/02/20270.1%
Sound Point Clo XV Ltd2.718% 01/23/20290.1%
Hudsons Bay Simon JV Trust4.666% 08/05/20340.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 02/01/20290.1%
Rite Aid Corp.8.000% 11/15/20260.1%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.1%
SK Hynix, Inc.2.375% 01/19/20310.1%
Sound Point CLO XI Ltd.1.324% 07/20/20280.1%
Global Payments, Inc.3.200% 08/15/20290.1%
Towd Point Asset Trust 2018-SL10.749% 01/25/20460.1%
Stericycle, Inc.3.875% 01/15/20290.1%
Minerva Luxembourg SA5.875% 01/19/20280.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Med ParentCo LP4.371% 07/31/20260.1%
Halcyon Loan Advisors Funding 2015-3 Ltd1.123% 10/18/20270.1%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.1%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.1%
Brightsphere Investment Group Inc4.800% 07/27/20260.1%
Foursight Capital Automobile Receivables Trust 2013.680% 08/15/20230.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.020% 11/15/20350.1%
Shackleton 2016-IX CLO Ltd2.124% 10/20/20280.1%
CSAIL 2016-C7 Commercial Mortgage Trust4.386% 11/15/20490.1%
Zhenro Properties Group Ltd8.650% 01/21/20230.1%
Baidu, Inc.2.375% 10/09/20300.1%
Cleco Corp.3.375% 09/15/20290.1%
SM Energy Co.6.750% 09/15/20260.1%
PFS Financing Corp.3.080% 02/15/20230.1%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.1%
Bank of America Corp.3.950% 04/21/20250.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
Apache Corp.4.625% 11/15/20250.1%
Tengizchevroil Finance Co. International Ltd.3.250% 08/15/20300.1%
ACC Trust 2019-14.470% 10/20/20220.1%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Race Point IX CLO Ltd1.451% 10/15/20300.1%
CPS Auto Receivables Trust 2018-B4.260% 03/15/20240.1%
Qatar Government International Bond5.103% 04/23/20480.1%
Bayer Corp6.650% 02/15/20280.1%
Export Credit Bank of Turkey8.250% 01/24/20240.1%
Palmer Square Loan Funding 2018-1 Ltd1.291% 04/15/20260.1%
Republic of Peru2.392% 01/23/20260.1%
Republic of Turkey5.750% 03/22/20240.1%
J.P. Morgan Chase Commercial Mortgage Securities T4.009% 10/05/20310.1%
Carvana Auto Receivables Trust 2020-P12.840% 09/08/20270.1%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.1%
MHP Lux SA6.950% 04/03/20260.1%
PVH Corp.7.750% 11/15/20230.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Carnival Corp.7.625% 03/01/20260.1%
COMM Mortgage Trust4.320% 07/10/20500.1%
Kaisa Group Holdings Ltd.11.950% 10/22/20220.1%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.1%
Viking Cruises Ltd.13.000% 05/15/20250.1%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.1%
CoStar Group, Inc.2.800% 07/15/20300.1%
Boyd Gaming Corp.6.000% 08/15/20260.1%
JPMBB Commercial Mortgage Securities Trust4.267% 07/15/20480.1%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.1%
Wells Fargo Commercial Mortgage Trust4.274% 07/15/20460.1%
Republic of Turkey5.250% 03/13/20300.1%
Parallel 2017-1 Ltd1.254% 07/20/20290.1%
Univ of California Bd of Regents3.006% 05/15/20500.1%
Akbank TAS5.000% 10/24/20220.1%
Hudsons Bay Simon JV Trust5.159% 08/05/20340.1%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.1%
Wells Fargo Commercial Mortgage Trust 2016-NXS54.985% 01/15/20590.1%
Adventist Health System/West2.952% 03/01/20290.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
California7.300% 10/01/20390.1%
CSMC Trust4.373% 09/15/20370.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Temasek Financial I Ltd.2.500% 10/06/20700.1%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.1%
Exeter Automobile Receivables Trust 2020-21.130% 08/15/20230.1%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.1%
New Jersey Transp Tr Fnd Auth4.131% 06/15/20420.1%
Arcor6.000% 07/06/20230.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.094% 07/05/20330.1%
California Hlth Facs Fing Auth3.034% 06/01/20340.1%
Newell Rubbermaid, Inc.5.875% 04/01/20360.1%
Bank of America Corp.4.450% 03/03/20260.1%
Genesis Sales Finance Master Trust4.710% 09/22/20250.1%
ALM VII Ltd3.791% 07/15/20290.1%
Perimeter Master Note Business Trust8.060% 12/15/20220.1%
Kinross Gold Corp.5.950% 03/15/20240.1%
Signal Peak CLO 1 LTD1.393% 01/17/20290.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
MEG Energy Corp.5.875% 02/01/20290.1%
Apache Corp.4.375% 10/15/20280.1%
Palmer Square Loan Funding 2018-1 Ltd0.841% 04/15/20260.1%
Ukraine Government7.750% 09/01/20240.1%
Vertical Midco GmbH4.375% 07/15/20270.1%
Massachusetts Educational Financing Authority1.168% 04/25/20380.1%
Emirates Semb Corp Water & Power Co PJSC4.450% 08/01/20350.1%
Palmer Square Loan Funding 2018-1 Ltd1.641% 04/15/20260.1%
Viper Energy Partners LP5.375% 11/01/20270.1%
Sysco Corp.6.600% 04/01/20500.1%
Boyd Gaming Corp.4.750% 12/01/20270.0%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.0%
Match Group Holdings II LLC5.000% 12/15/20270.0%
California Resources Corp.7.125% 02/01/20260.0%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.0%
JB y Co SA de CV3.750% 05/13/20250.0%
Match Group Holdings II LLC5.625% 02/15/20290.0%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.0%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.0%
Aviation Capital Group Corp.1.950% 01/30/20260.0%
Tenet Healthcare Corp.6.250% 02/01/20270.0%
Avery Point CLO Ltd.1.818% 04/25/20260.0%
Qtel International Finance Ltd.3.750% 06/22/20260.0%
Minejesa Capital BV4.625% 08/10/20300.0%
British Airways 2020-1 Class A Pass Through Trust4.250% 11/15/20320.0%
Pepperdine University3.301% 12/01/20590.0%
Galaxy XXI CLO Ltd1.244% 04/20/20310.0%
Federal Home Loan Mortgage Corp.2.179% 02/25/20320.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.0%
Pertamina Persero PT5.625% 05/20/20430.0%
Flagship Credit Auto Trust 2020-21.490% 07/15/20240.0%
BBCMS 2019-BWAY Mortgage Trust1.436% 11/15/20340.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.0%
DRB Prime Student Loan Trust3.200% 01/25/20400.0%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.0%
Yuzhou Properties Co. Ltd.6.000% 10/25/20230.0%
General Cable Corp.3.830% 06/09/20300.0%
SM Energy Co.5.625% 06/01/20250.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Genesis Sales Finance Master Trust Series 2019-A6.880% 08/20/20230.0%
COMM Mortgage Trust4.320% 07/10/20500.0%
Egypt Government International Bond7.903% 02/21/20480.0%
UBS-BAMLL Trust4.238% 06/10/20300.0%
CPS Auto Receivables Trust 2019-B5.000% 03/17/20250.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Pelabuhan Indonesia III Persero PT4.500% 05/02/20230.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
Drive Auto Receivables Trust4.160% 05/15/20240.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
New York and Presbyterian Hospital/The3.954% 08/01/21190.0%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.0%
BMW Vehicle Owner Trust 2019-A2.050% 05/25/20220.0%
Halcyon Loan Advisors Funding Ltd.2.368% 07/25/20270.0%
Pertamina Persero PT4.150% 02/25/20600.0%
Miami Dade Cnty, FL2.786% 10/01/20370.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.0%
GS Mortgage Securities Trust4.344% 07/10/20480.0%
Star Energy Geothermal Darajat II / Star Energy Geothermal Salak4.850% 10/14/20380.0%
Ford Credit Auto Owner Trust 2020-A1.030% 10/15/20220.0%
Perimeter Master Note Business Trust6.020% 12/15/20220.0%
Live Nation Entertainment, Inc.3.750% 01/15/20280.0%
YPF S.A.8.500% 07/28/20250.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
New Jersey Transp Tr Fnd Auth4.081% 06/15/20390.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.0%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.0%
PHEAA Student Loan Trust I0.488% 04/25/20380.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
Egypt Government International Bond6.125% 01/31/20220.0%
Fairstone Financial Issuance Trust I3.948% 03/21/20330.0%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.0%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.0%
Octagon Investment Partners XIV Ltd2.141% 07/15/20290.0%
Flagship Credit Auto Trust 2018-33.070% 02/15/20230.0%
Dell International LLC / EMC Corp6.020% 06/15/20260.0%
WFRBS Commercial Mortgage Trust0.562% 10/15/20570.0%
Santander Retail Auto Lease Trust 2019-B2.290% 04/20/20220.0%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
Pertamina Persero PT4.700% 07/30/20490.0%
KKR CLO 18 Ltd3.826% 07/18/20300.0%
Government National Mortgage Association2.900% 02/16/20530.0%
Med ParentCo LP4.373% 07/31/20260.0%
CPS Auto Receivables Trust 2020-A4.090% 12/15/20250.0%
AMMC CLO XIII Ltd1.918% 07/24/20290.0%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.0%
Popular, Inc.6.125% 09/14/20230.0%
SFAVE Commercial Mortgage Securities Trust3.872% 01/05/20430.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Chesapeake Funding II LLC1.910% 08/15/20290.0%
Egypt Government International Bond4.550% 11/20/20230.0%
KOC Holding AS5.250% 03/15/20230.0%
Fairstone Financial Issuance Trust I7.257% 03/21/20330.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Fairstone Financial Issuance Trust I5.084% 03/21/20330.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
CPS Auto Receivables Trust6.580% 03/15/20220.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Citigroup Commercial Mortgage Trust0.179% 10/10/20470.0%
CPS Auto Receivables Trust 2018-A3.050% 12/15/20230.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
AI Candelaria Spain SLU7.500% 12/15/20280.0%
Autoridad del Canal de Panama4.950% 07/29/20350.0%
Nissan Auto Lease Trust 2019-B2.270% 10/15/20210.0%
Credit Index Swap1.000% 12/20/20250.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
Wheels SPV 2 LLC3.060% 04/20/20270.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
New Century Home Equity Loan Trust4.711% 08/25/20350.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
GS Mortgage Securities Trust4.511% 11/10/20470.0%
FX USD/JPY 02/210.000% 02/22/20210.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
COMM Mortgage Trust0.971% 08/10/20470.0%
Chesapeake Funding II LLC1.990% 05/15/20290.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
FX USD/CAD 04/210.000% 04/20/20210.0%
FX USD/CAD 03/210.000% 03/15/20210.0%
Afren plc10.250% 04/08/20220.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
OGX Austria GmbH8.500% 06/01/20190.0%
US ULTRA BOND CBT MAR210.000% 03/31/20210.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
US 10YR NOTE (CBT)MAR210.000% 03/31/20210.0%
US 10YR ULTRA FUT MAR210.000% 03/31/20210.0%
US 5YR NOTE (CBT) MAR210.000% 04/05/20210.0%
US LONG BOND(CBT) MAR210.000% 03/31/20210.0%
US 2YR NOTE (CBT) MAR210.000% 04/05/20210.0%

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 03/03/2021
$0.032
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 02/28/2021 $0.01731 $10.55
Daily Daily 01/31/2021 $0.01561 $10.68

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 03/31/2021
Daily Daily 04/30/2021
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2020 12/18/2020 $0.1260 $0.1013 $0.2273 $10.70
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 03/03/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $10.77
$100,000 to $249,999 1.75% 1.50% $10.72
$250,000 to $499,999 1.25% 1.00% $10.66
$500,000 to $999,999 0.00% 1.00% $10.53
$1,000,000 to $5,000,000 0.00% 1.00% $10.53

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 01/31/2021

Fund Documents

Fund Documents

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* Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

 

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.

 

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

+

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.

 

5

The 30-day Standardized Subsidized yield reflects fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

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 in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. 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.  

 

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.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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 Barclays U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. 

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.

 

The Morningstar Intermediate Term Bond Average represents funds that focus on corporate, government, foreign, or other issues with an average duration of greater than or equal to 3.5 years but less than or equal to six years, or an average effective maturity of more than four years but less than 10 years.

 

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.

 

The Net Expense Ratio takes into account a voluntary expense reimbursement arrangement, which may be modified or terminated at any time and without which performance would have been lower.  

 

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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