LFROX | Floating Rate Fund Class F3 | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)
View All Tracked Funds
View All Tracked Funds

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Check Out Go Literature Center

Floating Rate Fund

Track this Fund
Add to Hypo Tool

Daily price w/o sales charge as of 06/02/2026

$8.02

arrowUp$0.01

YTD Returns w/o sales charge as of 06/02/2026

2.09%

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 Floating Rate Fund?

The Fund seeks to deliver a high level of current income by investing primarily in a variety of below investment grade loans.

 

HISTORY OF CREDIT RESEARCH

Brings a 45-year heritage of high-yield credit investing, based on rigorous, fundamental credit research.

ATTRACTIVE INCOME & LOW EXPENSES

Has provided attractive income and lower expenses relative to its Morningstar peer group category average.‡

ATTRACTIVE RETURN FOR RISK

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core bank loan holding over a full market cycle.

Yield

Average Yield to Maturity as of 04/30/2026

7.84%

Distribution Yield as of 06/02/2026  

6.57%

30-Day Standardized Yield 1 as of 04/30/2026  

6.32%

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

Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.

Fund Basicsas of 04/30/2026

Total Net Assets
$4.28 B
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.54%
Fund Net Expense Ratio
0.54%
Number of Holdings
438

Fund Expense Ratio :

Gross 0.54%

Net 0.54%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 1.93% 6.38% 8.69% 6.07% 4.89% 4.72%
Lipper Category Avg. Loan Participation Funds - - - - - -
Morningstar LSTA US Leveraged Loan Index 1.20% 5.10% 8.32% 6.07% 5.49% -
w/ sales charge 1.93% 6.38% 8.69% 6.07% 4.89% 4.72%

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

Fund Expense Ratio :

Gross 0.54%

Net 0.54%

Fund Expense Ratio :

Gross 0.54%

Net 0.54%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge -0.17% 5.66% 8.27% 5.90% 4.96% 4.64%
Lipper Category Avg. Loan Participation Funds -0.35% 4.36% 7.14% 4.88% 4.54% -
Morningstar LSTA US Leveraged Loan Index -0.55% 4.81% 8.00% 5.93% 5.61% -

Fund Expense Ratio :

Gross 0.54%

Net 0.54%

Past performance is not a reliable indicator or guarantee 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. 

Type Assets
Bank Loans
High Yield Bonds
Equity
CLO
Other
Investment Grade Bonds
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

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 04/30/2026 View Portfolio

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings provided by Standard & Poor’s and Moody’s. Where the rating agencies rate a security differently, Lord Abbett uses the lower credit rating. 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

Kearney M. Posner
Kearney M. Posner, CFA

Partner, Portfolio Manager

27 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner, Co-Head of Taxable Fixed Income

35 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner, Co-Head of Taxable Fixed Income

25 Years of Industry Experience

Alexander L. Green
Alexander L. Green, CFA

Portfolio Manager

11 Years of Industry Experience

Supported By 110 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Average Yield to Maturity as of 04/30/2026

7.84%

Distribution Yield as of 06/02/2026  

6.57%

30-Day Standardized Yield 1 as of 04/30/2026  

  Subsidized2 Un-Subsidized3
w/o sales charge 6.32% 6.32%

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

Fund Expense Ratio :

Gross 0.54%

Net 0.54%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 1.93% 6.38% 8.69% 6.07% 4.89% 4.72%
Lipper Category Avg. Loan Participation Funds - - - - - -
Morningstar LSTA US Leveraged Loan Index 1.20% 5.10% 8.32% 6.07% 5.49% -
w/ sales charge 1.93% 6.38% 8.69% 6.07% 4.89% 4.72%

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

Fund Expense Ratio :

Gross 0.54%

Net 0.54%

Fund Expense Ratio :

Gross 0.54%

Net 0.54%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge -0.17% 5.66% 8.27% 5.90% 4.96% 4.64%
Lipper Category Avg. Loan Participation Funds -0.35% 4.36% 7.14% 4.88% 4.54% -
Morningstar LSTA US Leveraged Loan Index -0.55% 4.81% 8.00% 5.93% 5.61% -

Fund Expense Ratio :

Gross 0.54%

Net 0.54%

Past performance is not a reliable indicator or guarantee 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. 

Year Fund Returns Morningstar LSTA US Leveraged Loan Index
2025 6.22% 5.90%
2024 9.22% 8.95%
2023 12.93% 13.32%
2022 -1.69% -0.77%
2021 5.53% 5.20%
2020 -1.44% 3.12%
2019 7.62% 8.64%
2018 0.03% 0.44%
2017 4.11% 4.12%
2016 10.18% 10.16%
2015 0.62% -
2014 1.21% -
2013 6.28% -
2012 10.28% -
2011 1.72% -
2010 8.65% -
2009 32.91% -
2008 -20.94% -
Year Q1 Q2 Q3 Q4
2026 -0.17% - - -
2025 0.35% 2.15% 1.93% 1.65%
2024 2.73% 1.89% 2.05% 2.24%
2023 3.04% 3.30% 3.11% 2.89%
2022 -0.15% -5.13% 1.30% 2.45%
2021 1.88% 1.87% 1.04% 0.63%
2020 -15.68% 7.60% 3.85% 4.60%
2019 3.47% 1.70% 0.68% 1.58%
2018 1.23% 0.78% 1.82% -3.71%
2017 0.98% 0.60% 1.19% 1.29%
2016 1.78% 2.83% 3.05% 2.16%
2015 2.11% 0.73% -1.13% -1.07%
2014 1.01% 1.26% -0.51% -0.54%
2013 2.70% 0.42% 1.28% 1.75%
2012 4.12% 0.63% 3.34% 1.85%
2011 1.81% 0.41% -3.78% 3.41%
2010 3.18% -0.82% 3.42% 2.66%
2009 9.11% 11.72% 6.56% 2.32%
2008 -3.23% 4.22% -4.94% -17.54%

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

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Bank Loans
High Yield Bonds
Equity
CLO
Other
Investment Grade Bonds
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

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 04/30/2026

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings provided by Standard & Poor’s and Moody’s. Where the rating agencies rate a security differently, Lord Abbett uses the lower credit rating. 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 Details as of 04/30/2026

Total Net Assets
$4.28 B
Average Effective Duration
0.21 Years
Average Loan Size
$1.94 B
Average Maturity
4.27 Years
Average Spread
3.21
Average Modified Duration
0.40 Years
Number of Issues
438
Average Yield to Maturity
7.84%
Distribution Yield (as of 06/02/2026)
6.57%

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

Holding Coupon Maturity Assets
J.P. MORGAN SECURITIES LLC 3.640% 05/01/2026 3.8%
Invesco Senior Loan ETF 0.000% 09/09/9999 1.3%
Alloy Finco Limited 0.005% 03/06/2028 1.0%
Jane Street Group LLC 5.671% 12/15/2031 0.7%
AI Aqua Merger Sub Inc 6.399% 07/31/2028 0.7%
AAdvantage Loyalty IP Ltd 5.956% 04/20/2028 0.6%
Hudson River Trading LLC 6.157% 03/18/2030 0.6%
Proofpoint Inc 6.658% 08/31/2028 0.6%
Allied Universal Holdco LLC 6.911% 08/20/2032 0.6%
Quikrete Holdings Inc 5.899% 02/10/2032 0.6%
% of Total Assets 10.5%
Holding Coupon Maturity Assets
J.P. MORGAN SECURITIES LLC3.640% 05/01/20263.8%
Invesco Senior Loan ETF0.000% 09/09/99991.3%
Alloy Finco Limited0.005% 03/06/20281.0%
Jane Street Group LLC5.671% 12/15/20310.7%
AI Aqua Merger Sub Inc6.399% 07/31/20280.7%
AAdvantage Loyalty IP Ltd5.956% 04/20/20280.6%
Allied Universal Holdco LLC6.911% 08/20/20320.6%
Hudson River Trading LLC6.157% 03/18/20300.6%
Proofpoint Inc6.658% 08/31/20280.6%
Quikrete Holdings Inc5.899% 02/10/20320.6%
Great Outdoors Group LLC6.902% 01/23/20320.6%
Clydesdale Acquisition Holdings Inc6.899% 04/01/20320.6%
Acrisure LLC6.652% 11/06/20300.6%
White Cap Supply Holdings LLC6.902% 10/29/20290.6%
Bayonne Energy Center LLC6.649% 10/01/20320.5%
Sedgwick Claims Management Services Inc6.163% 07/31/20310.5%
State Street Blackstone Senior Loan ETF0.000% 09/09/99990.5%
Belron Finance 2019 LLC5.663% 10/16/20310.5%
Masorange Finco PLC4.620% 03/25/20310.5%
Opal US LLC6.669% 04/23/20320.5%
RealPage Inc6.949% 04/24/20280.5%
TK Elevator Midco GmbH5.299% 04/30/20300.5%
Altice France SA7.774% 04/28/20280.5%
EOC Borrower LLC6.402% 03/24/20320.5%
BCPE Empire Holdings Inc7.152% 12/29/20320.5%
Tenneco Inc8.753% 11/17/20280.5%
Potomac Energy Center LLC6.399% 08/05/20320.5%
Madison IAQ LLC6.899% 05/06/20320.5%
Proampac PG Borrower LLC7.670% 03/07/20330.5%
Lackawanna Energy Center LLC6.649% 08/05/20320.5%
Rocket Software Inc7.414% 11/28/20280.5%
Telenet Financing USD LLC5.767% 04/28/20280.4%
Core Scientific Finance I LLC7.750% 04/05/20300.4%
NRG Energy Inc5.875% 05/15/20340.4%
Heartland Dental LLC7.404% 08/25/20320.4%
Osaic Holdings Inc6.149% 08/02/20320.4%
Talen Energy Supply LLC6.185% 05/17/20300.4%
McAfee Corp6.661% 03/01/20290.4%
Organon & Co5.911% 05/19/20310.4%
Sophos Holdings LLC7.264% 03/05/20270.4%
Asurion LLC7.402% 02/23/20330.4%
Nouryon Finance BV6.899% 04/03/20280.4%
GENMAB A/S/GENMAB FINANCE LLC6.250% 12/15/20300.4%
Azalea Topco Inc6.652% 04/30/20310.4%
Aretec Group Inc6.661% 08/09/20300.4%
ACBL0.000% 09/09/99990.4%
Grifols International Services USA Inc6.149% 04/14/20330.4%
INEOS Styrolution Ludwigshafen GmbH4.010% 01/29/20270.4%
Mavis Tire Express Services Topco Corp6.700% 05/04/20280.4%
Azuria Water Solutions Inc6.402% 04/25/20330.4%
South Field Energy LLC6.675% 08/29/20310.4%
Garda World Security Corp6.402% 02/01/20290.4%
First Eagle Holdings Inc7.155% 08/16/20320.4%
CMG Media Corp7.263% 06/18/20290.4%
Peraton Corp7.499% 02/01/20280.4%
Arcline FM Holdings LLC6.424% 06/24/20300.4%
Compass Power Generation LLC6.899% 04/16/20290.4%
Lsf12 Crown US Commercial Bidco LLC6.661% 12/02/20310.4%
Finastra USA Inc7.655% 09/15/20320.4%
Fertitta Entertainment LLC/NV6.902% 01/29/20290.4%
Hamilton Projects Acquiror LLC6.149% 05/30/20310.4%
CoreLogic Inc7.264% 06/02/20280.4%
Arches Buyer Inc7.004% 12/06/20270.4%
Berlin Packaging LLC6.902% 06/09/20310.4%
CPM Holdings Inc8.158% 09/28/20280.4%
Dayforce Bidco LLC6.649% 02/04/20330.4%
LifePoint Health Inc7.423% 05/19/20310.4%
Icon Parent Inc6.406% 11/13/20310.4%
AthenaHealth Group Inc6.402% 02/15/20290.4%
Boxer Parent Co Inc6.673% 07/30/20310.4%
Veritiv Operating Co7.663% 11/29/20300.4%
ConnectWise LLC7.425% 09/29/20280.4%
Central Parent LLC6.930% 07/06/20290.4%
EFS Cogen Holdings I LLC6.649% 10/03/20310.3%
Jump Financial LLC7.173% 02/26/20320.3%
Gainwell Acquisition Corp7.792% 10/01/20270.3%
VetStrategy Canada Holdings Inc7.414% 12/06/20280.3%
Sunrise Financing Partnership6.112% 02/17/20320.3%
Skopima Consilio Parent LLC7.411% 05/17/20280.3%
OAK-Eagle Acquireco Inc7.164% 03/24/20330.3%
Clarios Global LP6.402% 01/28/20320.3%
PetSmart LLC7.661% 08/18/20320.3%
OneDigital Borrower LLC6.652% 07/02/20310.3%
Mister Car Wash Holdings Inc6.652% 03/27/20310.3%
Pegasus Bidco BV6.437% 07/12/20290.3%
BCPE Pequod Buyer Inc6.407% 11/25/20310.3%
Autokiniton US Holdings Inc7.766% 04/06/20280.3%
Cable One Inc5.764% 05/03/20280.3%
Caesars Entertainment Inc5.904% 02/06/20300.3%
Bulldog Purchaser Inc6.899% 02/07/20330.3%
Pasadena Performance Products LLC6.936% 02/27/20320.3%
WH Borrower LLC8.156% 02/20/20320.3%
Paradigm Parent LLC8.180% 04/19/20320.3%
Viasat Inc8.149% 03/05/20290.3%
Alera Group Inc6.402% 05/28/20320.3%
Directv Financing LLC9.179% 08/02/20290.3%
Gategroup US Finance Inc7.149% 06/10/20320.3%
GB AIT Buyer Inc7.902% 04/29/20330.3%
DG Investment Intermediate Holdings 2 Inc6.902% 07/12/20320.3%
Ensemble RCM LLC6.649% 02/09/20330.3%
DRW Holdings LLC7.154% 06/26/20310.3%
Cloud Software Group Inc6.903% 08/16/20320.3%
Wash Bidco Inc6.899% 09/10/20320.3%
Primo Brands Corp6.402% 03/31/20310.3%
Node AcquiCo GmbH5.578% 12/09/20320.3%
RVR Dealership Holdings LLC8.154% 02/28/20330.3%
CSC Holdings LLC4.500% 11/15/20310.3%
Jones Deslauriers Insurance Management Inc6.649% 02/02/20330.3%
Hexion Holdings Corp7.652% 03/15/20290.3%
Harbor Freight Tools USA Inc5.899% 06/11/20310.3%
Cornerstone Generation LLC5.902% 08/11/20320.3%
Ellucian Holdings Inc6.152% 10/09/20290.3%
Sword Purchaser LLC7.649% 04/11/20330.3%
UKG Inc6.152% 02/10/20310.3%
PAREXEL International Corp6.402% 12/12/20310.3%
Altium Packaging LLC6.149% 06/11/20310.3%
CPV Three Rivers LLC6.405% 04/15/20330.3%
Global Medical Response Inc7.161% 09/20/20320.3%
JetBlue Airways Corp8.423% 08/27/20290.3%
Fitness International LLC8.149% 02/12/20290.3%
Altar Bidco Inc6.792% 02/01/20290.3%
Ardonagh Group Finco Pty Ltd6.399% 02/18/20310.3%
Rand Parent LLC6.663% 03/18/20300.3%
Star Parent Inc7.701% 09/30/20300.3%
Ontario Gaming GTA LP7.942% 08/01/20300.3%
BCPE North Star US Holdco 2 Inc7.764% 06/12/20280.3%
Johnstone Supply LLC5.899% 06/09/20310.3%
Chariot Buyer LLC6.399% 09/08/20320.3%
Dermatology Intermediate Holdings III Inc7.917% 04/02/20290.3%
Cotiviti Inc6.399% 05/01/20310.3%
Clue Opco LLC8.152% 12/19/20300.3%
Nexus Buyer LLC9.399% 01/14/20320.3%
Storable Inc6.899% 04/16/20310.3%
Swissport Stratosphere Usa LLC6.399% 04/25/20310.3%
TransDigm Inc6.187% 01/20/20320.3%
Armor Holdco Inc7.411% 12/10/20310.3%
Allwyn Entertainment Financing US LLC6.180% 01/18/20330.3%
Alliant Holdings Intermediate LLC6.149% 09/19/20310.3%
Altice Financing SA7.108% 10/29/20270.3%
Tega MC Australia Holdings Pty Ltd7.164% 03/25/20330.3%
TRQ Sales LLC6.902% 12/30/20320.3%
Conair Holdings LLC7.532% 05/17/20280.3%
Dexko Global Inc8.149% 10/20/20310.3%
Caesars Entertainment Inc5.904% 02/06/20310.3%
Genesys Cloud Services Inc6.152% 01/30/20320.3%
CHG PPC Parent LLC6.764% 12/08/20280.3%
Evergreen Acqco 1 LP6.661% 09/17/20320.3%
TransDigm Inc6.161% 08/19/20320.3%
TKO Worldwide Holdings LLC5.655% 11/21/20310.3%
PODS LLC6.934% 03/31/20280.3%
Alpha Generation LLC6.250% 01/15/20340.3%
Conga Corp7.163% 05/08/20280.3%
Freeport LNG Investments LLLP6.925% 01/31/20330.3%
Edelman Financial Engines Center LLC/The8.899% 10/06/20280.3%
Disco Parent Inc6.899% 08/06/20320.3%
INEOS US Finance LLC6.249% 11/09/20280.3%
Aggreko Holdings Inc7.167% 05/21/20310.3%
Indeck Niles LLC6.399% 03/09/20330.2%
GTCR Everest Borrower LLC6.149% 09/05/20310.2%
DTI Holdco Inc7.652% 04/26/20290.2%
Colosseum Dental Finance BV5.621% 03/18/20320.2%
CHG Healthcare Services Inc6.413% 09/29/20280.2%
Advancion Sciences Inc9.250% 11/01/20260.2%
Zelis Payments Buyer Inc6.418% 09/28/20290.2%
TransDigm Inc6.157% 02/28/20310.2%
TK Elevator US Newco Inc6.399% 04/30/20300.2%
Tosca Services LLC5.268% 11/30/20280.2%
PointClickCare Technologies Inc6.414% 11/03/20310.2%
Peer Holding III BV6.162% 07/01/20310.2%
Mamba Purchaser Inc6.402% 10/16/20310.2%
Mitchell International Inc6.653% 06/17/20310.2%
TruGreen LP7.749% 11/02/20270.2%
United PF Holdings LLC7.936% 12/30/20260.2%
DISH Network Corp11.750% 05/10/20260.2%
Bakelite US Holdco Inc7.437% 12/23/20310.2%
Loire Finco Luxembourg Sarl7.654% 01/28/20300.2%
Jupiter Borrower Inc6.414% 03/25/20330.2%
FirstCash Inc6.125% 05/01/20340.2%
Clover Holdings 2 LLC7.649% 12/09/20310.2%
Cushman & Wakefield US Borrower LLC6.407% 01/31/20300.2%
Nexstar Media Inc6.411% 03/21/20330.2%
Peloton Interactive Inc9.652% 05/30/20290.2%
Stonepeak Nile Parent LLC5.899% 04/09/20320.2%
Reworld Holding Corp5.902% 01/15/20310.2%
SCIH Salt Holdings Inc6.407% 01/31/20290.2%
Rohm Holding GmbH7.504% 01/29/20290.2%
SeaWorld Parks & Entertainment Inc5.649% 12/04/20310.2%
Peer Holding III BV6.162% 10/28/20300.2%
LBM Acquisition LLC9.500% 06/15/20310.2%
Magnite Inc6.661% 02/06/20310.2%
Lsf12 Helix Parent LLC7.125% 02/01/20330.2%
Mitchell International Inc8.918% 06/17/20320.2%
Archrock Services LP / Archrock Partners Finance Corp6.000% 02/01/20310.2%
Cloud Software Group Inc6.903% 03/24/20310.2%
Bread Financial Holdings Inc8.375% 06/15/20300.2%
Delta Topco Inc8.913% 11/29/20300.2%
Hopper Merger Sub Inc5.899% 04/07/20330.2%
Jefferson Capital Holdings LLC8.250% 05/15/20290.2%
Indy US Holdco LLC6.152% 10/31/20300.2%
Arcwood Environmental Inc6.664% 03/21/20330.2%
Zegona Holdco Ltd4.353% 07/16/20290.2%
Trivium Packaging Finance BV5.776% 05/28/20300.2%
Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC11.875% 04/15/20290.2%
Lightning Power LLC5.905% 08/18/20310.2%
Oryx Midstream Services Permian Basin LLC5.902% 10/05/20280.2%
Sinclair Television Group Inc7.852% 12/31/20300.2%
OneSky Flight LLC6.418% 02/17/20330.2%
WCG Intermediate Corp6.399% 02/25/20320.2%
Zelis Payments Buyer Inc6.904% 11/26/20310.2%
Darktrace Finco US LLC6.927% 10/09/20310.2%
CoreLogic Inc10.264% 06/04/20290.2%
Magnera Corp7.250% 11/15/20310.2%
LFS Topco LLC8.750% 07/15/20300.2%
UTEX INDUSTRIES0.000% 09/09/99990.2%
SupplyOne Inc7.164% 04/21/20310.2%
Raven Acquisition Holdings LLC6.661% 11/20/20310.2%
Star Holding LLC8.152% 07/31/20310.2%
Recess Holdings Inc7.417% 02/20/20300.2%
US Fertility Enterprises LLC7.152% 12/30/20320.2%
Amber Finco PLC5.328% 06/11/20290.2%
CD&R Firefly Bidco PLC8.480% 04/30/20290.2%
CRC Insurance Group LLC6.412% 05/06/20310.2%
ACP Tara Holdings Inc6.905% 12/15/20320.2%
Virgin Media Bristol LLC6.951% 03/31/20310.2%
Venture Global Plaquemines LNG LLC5.879% 05/25/20290.2%
Hunterstown Generation LLC6.664% 11/06/20310.2%
Gainwell Acquisition Corp12.854% 10/02/20280.2%
Hobbs & Associates LLC6.411% 07/23/20310.2%
Cotiviti Inc7.625% 05/01/20310.2%
Boxer Parent Co Inc9.423% 07/30/20320.2%
BCPE Empire Holdings Inc6.899% 12/26/20300.2%
Bella Holding Co LLC6.652% 05/10/20280.2%
CP Atlas Buyer Inc9.750% 07/15/20300.2%
Holding Socotec SAS5.149% 06/02/20310.2%
Financiere Mendel SASU5.013% 11/13/20300.2%
Nexus Buyer LLC7.149% 07/31/20310.2%
Vista Management Holding Inc7.442% 04/01/20310.2%
Vmed O2 UK Holdco 4 Ltd5.413% 01/24/20330.2%
Astoria Energy LLC5.902% 06/23/20320.2%
Rand Parent LLC8.500% 02/15/20270.2%
CTEC II GmbH5.250% 02/15/20300.2%
Columbus McKinnon Corp/NY7.149% 02/03/20330.2%
Albion Financing 1 SARL / Aggreko Holdings Inc7.000% 05/21/20290.2%
Fugue Finance BV4.899% 01/09/20320.2%
Olaplex Inc7.264% 02/23/20290.2%
VistaJet Malta Finance PLC / Vista Management Holding Inc9.500% 06/01/20270.2%
Sharp Services LLC6.701% 09/29/20320.2%
TransDigm Inc5.933% 03/22/20300.2%
Traverse Midstream Partners LLC5.902% 04/21/20330.2%
Olympus Water US Holding Corp6.687% 06/23/20310.2%
Snacking Investments US LLC6.663% 10/29/20320.2%
Seaspan Corp5.500% 08/01/20290.2%
Dedalus Finance GmbH5.888% 05/31/20300.2%
CoorsTek Inc6.670% 10/28/20320.2%
Brock Holdings III LLC9.663% 05/02/20300.2%
Ballyrock CLO 28 Ltd6.475% 10/25/20330.2%
Techem Verwaltungsgesellschaft 675 mbH5.407% 07/16/20320.2%
Western Alliance Bancorp3.000% 06/15/20260.2%
American Axle & Manufacturing Inc6.899% 02/03/20330.2%
Modena Buyer LLC7.913% 07/01/20310.2%
Recovery Solutions Parent LLC11.154% 01/28/20300.2%
Deuce Finco PLC5.650% 11/20/20260.2%
Golden State Foods LLC7.152% 12/04/20310.2%
Capstone Borrower Inc6.421% 06/17/20300.2%
Anastasia Parent LLC8.687% 06/24/20300.2%
Groundworks LLC7.149% 03/14/20310.2%
Delta Topco Inc6.420% 11/30/20290.2%
Project Boost Purchaser LLC6.404% 07/16/20310.2%
Olympus Water US Holding Corp6.899% 11/03/20320.2%
Park River Holdings Inc8.149% 03/17/20310.2%
Virgin Media Bristol LLC7.014% 01/31/20290.2%
Isolved Inc6.408% 10/15/20300.2%
Level 3 Financing Inc8.500% 01/15/20340.2%
MIC Glen LLC6.899% 07/21/20280.2%
Smyrna Ready Mix Concrete LLC6.652% 04/02/20290.2%
Panther Escrow Issuer LLC7.125% 06/01/20290.2%
Pioneer AcquisitionCo LLC6.904% 10/27/20320.2%
Sword Purchaser LLC8.250% 04/15/20310.2%
USALCO LLC7.163% 09/30/20310.1%
PG Polaris BidCo Sarl5.883% 03/26/20310.1%
Elvis UK Holdco Ltd5.829% 10/23/20310.1%
OneDigital Borrower LLC8.899% 07/02/20320.1%
Nexus Buyer LLC7.649% 07/31/20310.1%
Deep Blue Operating I LLC6.399% 10/01/20320.1%
Emrld Borrower LP5.877% 05/31/20300.1%
IMA Industria Macchine Automatiche SpA5.954% 05/30/20260.1%
Boluda Towage SL5.436% 01/31/20300.1%
Atlantic Avenue 2023-1 Ltd6.973% 07/19/20340.1%
Ctec III GmbH5.899% 03/16/20320.1%
Cornerstone Building Brands Inc7.005% 04/12/20280.1%
Argent Bidco SAS5.274% 11/22/20320.1%
LBM Acquisition LLC7.499% 06/06/20310.1%
Dorna Sports SL4.756% 08/18/20320.1%
Nidda Healthcare Holding GmbH5.578% 12/09/20320.1%
Talen Energy Supply LLC6.152% 12/15/20310.1%
WBI Operating LLC6.250% 10/15/20290.1%
Emrld Borrower LP5.913% 08/04/20310.1%
Darktrace Finco US LLC8.927% 10/12/20320.1%
Blackstone Mortgage Trust Inc6.149% 12/10/20300.1%
Celanese US Holdings LLC7.000% 02/15/20300.1%
Invenergy Thermal Operating I LLC6.411% 05/17/20320.1%
FRONTERA GENERATION0.000% 09/09/99990.1%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.1%
Green Infrastructure Partners Inc6.402% 09/24/20320.1%
Ping Identity Holding Corp6.402% 11/15/20320.1%
Pro Mach Group Inc6.414% 10/18/20320.1%
Priority Holdings LLC7.502% 07/30/20320.1%
SM Energy Co6.625% 04/15/20310.1%
Resonetics LLC6.409% 06/18/20310.1%
Reworld Holding Corp5.911% 01/15/20310.1%
Victory Buyer LLC6.652% 02/14/20330.1%
Chrysaor Bidco Sarl6.919% 10/30/20310.1%
Orion US Finco Inc7.149% 10/12/20320.1%
Pacific Dental Services LLC6.168% 03/17/20310.1%
Relativity Intermediate Holdco LLC6.402% 01/31/20330.1%
King US Bidco Inc5.454% 12/01/20260.1%
Hunter Douglas Inc6.930% 01/20/20320.1%
Engineered Machinery Holdings Inc6.923% 11/26/20320.1%
Epicor Software Corp6.418% 05/30/20310.1%
Action Environmental Group Inc/The6.663% 10/24/20300.1%
Alkermes Inc6.402% 08/12/20310.1%
Citco Funding LLC5.652% 01/31/20330.1%
Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC8.625% 07/15/20300.1%
Rakuten Group Inc9.750% 04/15/20290.1%
Park River Holdings Inc8.750% 12/31/20300.1%
OEP Glass Purchaser LLC7.661% 03/02/20330.1%
Lsf12 Helix Parent LLC7.149% 02/10/20330.1%
Tacala Investment Corp6.652% 01/31/20310.1%
Surgery Center Holdings Inc6.152% 12/19/20300.1%
Clearwater Analytics LLC5.880% 04/21/20320.1%
C&S Group Enterprises LLC5.000% 12/15/20280.1%
BCP VI Summit Holdings LP6.649% 01/30/20320.1%
Clover Holdings 2 LLC7.750% 12/09/20310.1%
Dragon Buyer Inc6.413% 09/30/20310.1%
Examworks Bidco Inc6.149% 02/07/20330.1%
DBR Land Holdings LLC6.250% 12/01/20290.1%
HUB International Ltd5.913% 06/20/20300.1%
FCG Acquisitions Inc6.899% 03/07/20330.1%
GIH Borrower LLC6.173% 11/26/20310.1%
JFL-Tiger Acquisition Co Inc7.435% 10/17/20300.1%
RECOVERY SOLUTIONS0.000% 09/09/99990.1%
PRA Group Inc5.000% 10/01/20290.1%
RHP Hotel Properties LP / RHP Finance Corp5.750% 03/15/20340.1%
RealPage Inc7.433% 04/24/20280.1%
TransDigm Inc6.125% 02/15/20310.1%
Genesis Energy LP / Genesis Energy Finance Corp6.750% 03/15/20310.1%
Southern Veterinary Partners LLC6.167% 12/04/20310.1%
Starwood Property Mortgage LLC5.902% 09/24/20320.1%
Amynta Agency Borrower Inc6.153% 12/29/20310.1%
Arini US Clo III Ltd6.661% 12/14/20340.1%
PEX Holdings LLC6.423% 11/19/20310.1%
Rockpoint Gas Storage Inc6.159% 09/18/20310.1%
Cogentrix Finance Holdco I LLC5.904% 02/26/20320.1%
Caturus Energy LLC7.125% 05/15/20300.1%
Asurion LLC/ Asurion Co-Issuer Inc8.000% 12/31/20300.1%
GFL ES US LLC6.166% 03/03/20320.1%
Interest Rate Swap3.000% 03/19/20300.1%
Clarios Global LP6.164% 05/06/20300.1%
Nouryon Finance BV6.913% 04/03/20280.1%
Altice France SA6.450% 10/31/20280.1%
Sweetwater Borrower LLC7.649% 02/11/20330.1%
Lockton Inc5.661% 04/23/20330.1%
Cotiviti Inc6.408% 03/29/20320.1%
WBI Operating LLC6.500% 10/15/20300.1%
Obra CLO 4 Ltd6.963% 07/20/20390.1%
New WPCC Parent LLC13.149% 05/09/20300.1%
Realtruck Group Inc9.517% 01/31/20310.1%
Tank Holding Corp9.752% 03/31/20280.1%
Financiere Mendel SASU6.423% 11/13/20300.1%
ACProducts Holdings Inc6.375% 05/15/20290.1%
Matador Resources Co6.000% 04/15/20310.1%
Cube Safety BidCo AB5.274% 02/21/20330.1%
Ardonagh Finco BV5.739% 02/18/20310.1%
AMC Global Media Inc4.250% 02/15/20290.1%
IMA Industria Macchine Automatiche SpA5.954% 05/30/20260.1%
Indicor LLC6.167% 11/23/20290.1%
DG Investment Intermediate Holdings 2 Inc9.152% 07/29/20330.1%
New Frontera Holdings LLC5.158% 07/28/20280.1%
OAK-Eagle Acquireco Inc7.250% 07/01/20310.1%
Peer USA LLC5.909% 10/14/20320.1%
Pegasus Bidco BV5.129% 07/12/20290.1%
Talen Energy Supply LLC5.654% 11/26/20320.1%
LUXCO3 SHARES0.000% 09/09/99990.1%
KKR CLO 26 Ltd6.973% 07/12/20310.1%
White Cap Supply Holdings LLC7.375% 11/15/20280.1%
Tank Holding Corp9.753% 03/31/20280.1%
Carroll County Energy LLC6.436% 06/30/20310.1%
Doncasters US Finance LLC10.152% 04/23/20300.1%
Hanger Inc7.152% 10/23/20310.1%
Arches Buyer Inc6.125% 12/01/20280.1%
Celsius Holdings Inc6.182% 04/01/20320.1%
EW Scripps Co/The9.514% 06/30/20280.1%
Tank Holding Corp9.753% 03/31/20280.1%
ACBL HLDG CORP0.000% 09/09/99990.1%
Ocean Trails CLO XV Ltd6.923% 05/06/20350.1%
Lumen Technologies Inc5.375% 06/15/20290.1%
Dexko Global Inc8.649% 10/20/20310.1%
Genmab A/S6.652% 12/13/20320.1%
Harvest US CLO 2025-2 Ltd7.130% 08/17/20340.1%
Radar Bidco Sarl5.243% 04/25/20310.1%
Sinclair Television Group Inc7.066% 12/31/20290.0%
Hanger Inc7.152% 10/23/20310.0%
Columbus McKinnon Corp/NY7.125% 02/01/20310.0%
Magnera Corp7.913% 11/04/20310.0%
Asurion LLC8.005% 08/21/20280.0%
ADMI Corp9.404% 12/23/20270.0%
South Field Energy LLC6.675% 08/29/20310.0%
Interest Rate Swap3.000% 03/19/20270.0%
Gainwell Acquisition Corp11.692% 10/01/20280.0%
LifePoint Health Inc7.157% 05/19/20310.0%
Interest Rate Swap1.225% 01/15/20300.0%
Fugue Finance LLC5.899% 01/09/20320.0%
Interest Rate Swap1.220% 10/15/20290.0%
VCI Asset Holdings 3 LLC0.069% 04/14/20310.0%
Venture Global Plaquemines LNG LLC5.877% 05/25/20290.0%
Asurion LLC7.761% 08/21/20280.0%
PLS Group Ltd6.875% 05/01/20300.0%
Reworld Holding Corp5.911% 01/15/20310.0%
Brock Holdings III LLC9.669% 05/02/20300.0%
Golar LNG Ltd7.500% 10/02/20290.0%
Interest Rate Swap2.489% 08/01/20290.0%
Total Return Swap3.658% 06/20/20260.0%
Total Return Swap3.647% 06/20/20260.0%
Total Return Swap3.647% 06/20/20260.0%
Total Return Swap3.647% 06/20/20260.0%
Total Return Swap3.647% 06/20/20260.0%
Interest Rate Swap2.475% 10/01/20290.0%
Invenergy Thermal Operating I LLC6.411% 05/17/20320.0%
Husky Injection Molding Systems Ltd7.488% 02/15/20290.0%
Kenan Advantage Group Inc/The6.899% 01/25/20290.0%
Javelin Buyer Inc6.402% 12/08/20310.0%
Miller's Ale House Inc9.063% 05/30/20250.0%
Hudson River Trading LLC8.125% 03/20/20280.0%
Genesys Cloud Services Holdings II LLC9.326% 12/01/20270.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX USD/EUR 06/26- 06/05/20260.0%
Garda World Security Corp5.638% 05/26/20240.0%
CQP Holdco LP8.841% 06/05/20280.0%
Dermatology Intermediate Holdings III Inc7.899% 04/02/20290.0%
Eyecare Partners LLC7.505% 11/15/20280.0%
Entain Holdings Gibraltar Ltd5.399% 06/30/20280.0%
Cervantes Bidco SL5.198% 12/16/20310.0%
Champions Financing Inc8.437% 02/23/20290.0%
Cloudera Inc7.499% 10/10/20280.0%
Cinemark USA Inc5.902% 05/24/20300.0%
CHINOS INTERMEDIATE 2 LLC0.000% 09/09/99990.0%
Charter Next Generation Inc9.201% 12/01/20270.0%
AVSC Holding Corp8.153% 03/03/20250.0%
Belron UK Finance PLC4.399% 10/16/20310.0%
Total Return Swap3.647% 09/20/20260.0%
US 2YR NOTE (CBT) Jun260.000% 07/06/20260.0%
Vision Solutions Inc7.664% 04/24/20280.0%
WhiteWater DBR HoldCo LLC7.343% 03/03/20310.0%
Windstream Services PE LLC4.750% 03/30/20210.0%
WP CPP Holdings LLC9.133% 04/30/20250.0%
Software GmbH/the5.872% 09/16/20300.0%
Somnigroup International Inc6.825% 10/24/20310.0%
South Field Energy LLC7.421% 08/29/20310.0%
Spin Holdco Inc7.772% 03/06/20280.0%
SS&C Technologies Inc7.665% 03/22/20290.0%
Summer BC Holdco B SARL8.926% 02/21/20290.0%
Rocket Software Inc9.566% 11/28/20250.0%
Resilience Parent LLC6.154% 02/28/20330.0%
Resonetics LLC8.235% 06/18/20310.0%
Shift4 Payments LLC5.674% 07/06/20320.0%
SCIL USA Holdings LLC7.652% 10/29/20320.0%
Proampac PG Borrower LLC5.000% 11/03/20250.0%
Polaris Newco LLC6.026% 06/05/20280.0%
Nexstar Media Inc3.488% 01/17/20240.0%
Monitronics International Inc7.820% 09/30/20220.0%
Packaging Coordinators Midco Inc8.841% 11/30/20270.0%
Thermostat Purchaser III Inc8.252% 08/31/20280.0%
Total Return Swap3.647% 06/20/20260.0%
US Fertility Enterprises LLC7.152% 12/30/20320.0%
United PF Holdings LLC7.767% 12/30/20260.0%
Speed Midco 3 Sarl4.825% 10/01/20320.0%
Speedster Bidco GmbH6.664% 12/10/20310.0%
SPX FLOW Inc9.928% 04/05/20290.0%
SS&C Technologies Inc6.189% 04/16/20250.0%
SS&C Technologies Inc6.189% 04/16/20250.0%
Anywhere Real Estate Group LLC5.028% 10/10/20160.0%
Apex Group Treasury LLC7.173% 02/27/20320.0%
AppLovin Corp7.108% 10/25/20280.0%
APX Group LLC5.075% 12/31/20250.0%
Advantage Sales & Marketing Inc9.764% 04/18/20300.0%
1011778 BC ULC7.189% 11/19/20260.0%
Wellpath Holdings Inc10.080% 10/01/20250.0%
Whatabrands LLC8.570% 08/03/20280.0%
William Morris Endeavor Entertainment LLC7.181% 05/19/20250.0%
Raven Acquisition Holdings LLC6.652% 11/20/20310.0%
Renaissance Holdings Corp9.307% 04/01/20270.0%
Sabre Industries Inc3.590% 04/15/20260.0%
South Field Energy LLC8.063% 08/29/20310.0%
Select Medical Corp7.673% 03/05/20270.0%
Qsrp Finco Sarl5.763% 06/16/20310.0%
Motion Finco LLC8.577% 11/04/20260.0%
Nascar Holdings LLC6.276% 10/19/20260.0%
Medline Borrower LP7.468% 10/23/20280.0%
Michaels Cos Inc/The8.668% 03/07/20330.0%
Lightstone Holdco LLC9.402% 01/29/20270.0%
Lightstone Holdco LLC9.402% 01/29/20270.0%
Oryx Midstream Services Permian Basin LLC7.440% 10/05/20280.0%
Jason Inc5.500% 06/30/20210.0%
Interest Rate Swap4.007% 06/01/20280.0%
EP Purchaser LLC7.264% 11/06/20280.0%
Four Seasons Hotels Ltd8.669% 11/30/20290.0%
First Eagle Holdings Inc7.155% 08/16/20320.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX USD/EUR 06/26- 06/05/20260.0%
FX USD/EUR 06/26- 06/05/20260.0%
FX USD/GBP 08/26- 08/07/20260.0%
FX USD/GBP 08/26- 08/07/20260.0%
Engineered Machinery Holdings Inc7.923% 05/22/20280.0%
CHG Healthcare Services Inc4.000% 06/07/20230.0%
CHG Healthcare Services Inc7.937% 09/29/20280.0%
Cloud Software Group Inc9.253% 03/24/20310.0%
Cloud Software Group Inc7.830% 03/29/20290.0%
CWGS Group LLC6.264% 06/05/20280.0%
CSC Holdings LLC7.683% 07/17/20250.0%
CSC ServiceWorks East LLC9.082% 09/04/20300.0%
Constant Contact Inc11.163% 02/12/20290.0%
Colossus Acquireco LLC5.402% 07/30/20320.0%
Asurion LLC5.372% 11/03/20230.0%
Azuria Water Solutions Inc6.402% 04/25/20330.0%
Bleriot US Bidco Inc9.710% 10/31/20260.0%
American Axle & Manufacturing Inc6.664% 12/13/20290.0%
AppLovin Corp7.108% 08/18/20300.0%
Altice France SA7.019% 10/01/20250.0%
AI Aqua Merger Sub Inc8.053% 07/31/20280.0%
Advancion Holdings LLC7.752% 11/24/20270.0%
FX USD/EUR 06/26- 06/05/2026-0.1%

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.

Sector Allocationas of 04/30/2026

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Other arrowDown0.7%
Automobiles and Components arrowDown0.5%
Consumer Discretionary Distribution and Retail arrowDown0.3%
Food, Beverage and Tobacco arrowDown0.3%
Health Care Equipment and Services arrowDown0.1%
Insurance arrowUp0.1%
Financial Services arrowDown0.3%
Energy arrowUp0.1%
Technology Hardware and Equipment 0.0%
Consumer Durables and Apparel 0.0%
Commercial and Professional Services arrowDown0.6%
Utilities arrowUp0.7%
Software and Services arrowDown0.2%
Media and Entertainment arrowDown0.4%
Consumer Services arrowUp0.5%
Telecommunication Services arrowUp0.5%
Capital Goods arrowDown0.4%
Materials arrowUp0.6%
CLO arrowUp0.1%
Transportation arrowUp0.6%
Pharmaceuticals, Biotechnology and Life Sciences arrowUp0.4%
Swaps 0.0%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 06/02/2026
$0.22226
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2026 $0.04394 $8.01
Daily Daily 04/30/2026 $0.04209 $7.99
Daily Daily 03/31/2026 $0.05008 $7.93
Daily Daily 02/28/2026 $0.04095 $7.93
Daily Daily 01/31/2026 $0.04519 $8.04

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 06/30/2026
Daily Daily 07/31/2026
Daily Daily 08/31/2026
Daily Daily 09/30/2026
Daily Daily 10/31/2026
Daily Daily 11/30/2026
Daily Daily 12/31/2026

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2026

Fund Gross Expense Ratio 0.54%
Fund Net Expense Ratio 0.54%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
2025 Annual Tailored Shareholder Report
Publish Date:11/03/2015
2025 Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
 Quantity
Quantity
 Remove
Remove

‡Morningstar Bank Loan Category. Data as of 06/30/2016. The Morningstar Bank Loan portfolios primarily invest in floating-rate loans instead of bonds. In exchange for their credit risk, these loans offer high interest payments that typically float above a common short-term benchmark such as the London Interbank Offered Rate or LIBOR.

+

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 Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

Average Yield to Maturity is the total rate of return earned when a bond makes all interest payments and repays the original principal.

Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.

3

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

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 investments in debt securities will 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 substantially in high yield, lower-rated securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. Moreover, the specific collateral used to secure a loan may decline in value or become illiquid, which would adversely affect the loan's value. 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. Certain of the Fund's derivative transactions may give rise to leverage risk. Leverage, including borrowing for investment purposes, may increase volatility in the Fund by magnifying the effect of changes in the value of the Fund's holdings. The use of leverage may cause investors in the Fund to lose more money in adverse environments than would have been the case in the absence of leverage. These factors may 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.

 

 

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.   

 

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 Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

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.

The Morningstar LSTA US Leveraged Loan Index is a market-value weighted index designed to measure the performance of the US leveraged loan market.

Select funds to run a Morningstar Hypothetical Report.