LTRAX | Total Return Fund Class A | Lord Abbett

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Total Return Fund

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Daily price w/o sales charge as of 07/03/2025

$8.72

arrowDown$0.02

YTD Returns w/o sales charge as of 07/03/2025

3.41%

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

Average Yield to Maturity as of 05/30/2025

5.34%

Distribution Yield as of 07/03/2025  

4.65%

30-Day Standardized Yield 1 as of 05/31/2025  

4.66%

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

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

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 05/30/2025

Total Net Assets
$3.60 B
Inception Date
08/31/2000
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.66%
Fund Net Expense Ratio
0.66%
Number of Holdings
545
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 3.82% 6.39% 3.18% 0.19% 1.85% 4.18%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg U.S. Aggregate Bond Index 4.02% 6.08% 2.55% -0.73% 1.76% 3.87%
w/ sales charge 1.47% 3.98% 2.40% -0.27% 1.61% 4.08%

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

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 3.82% 6.39% 3.18% 0.19% 1.85% 4.18%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg U.S. Aggregate Bond Index 4.02% 6.08% 2.55% -0.73% 1.76% 3.87%
w/ sales charge 1.47% 3.98% 2.40% -0.27% 1.61% 4.08%

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

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

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

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
Investment Grade Corporate
MBS
U.S. Government Related
ABS
High Yield Corporate
CMBS
CLO
Bank Loans
Sovereign
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 05/30/2025 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

31 Years of Industry Experience

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

Partner, Portfolio Manager

27 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

24 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

34 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

17 Years of Industry Experience

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

24 Years of Industry Experience

Harris Trifon
Harris Trifon

Partner, Portfolio Manager

25 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Senior Managing Director, Portfolio Manager

15 Years of Industry Experience

Supported By 82 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 05/30/2025

5.34%

Distribution Yield as of 07/03/2025  

4.65%

30-Day Standardized Yield 1 as of 05/31/2025  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.66% 4.66%

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

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 3.82% 6.39% 3.18% 0.19% 1.85% 4.18%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg U.S. Aggregate Bond Index 4.02% 6.08% 2.55% -0.73% 1.76% 3.87%
w/ sales charge 1.47% 3.98% 2.40% -0.27% 1.61% 4.08%

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

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 3.82% 6.39% 3.18% 0.19% 1.85% 4.18%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg U.S. Aggregate Bond Index 4.02% 6.08% 2.55% -0.73% 1.76% 3.87%
w/ sales charge 1.47% 3.98% 2.40% -0.27% 1.61% 4.08%

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

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

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

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 Bloomberg U.S. Aggregate Bond Index
2024 2.56% 1.25%
2023 6.30% 5.53%
2022 -14.08% -13.01%
2021 -0.11% -1.54%
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% -
2013 -1.40% -
2012 7.73% -
2011 7.20% -
2010 7.59% -
2009 15.67% -
2008 -1.22% -
2007 5.68% -
2006 4.15% -
2005 2.30% -
Year Q1 Q2 Q3 Q4
2025 2.60% 1.19% - -
2024 -0.20% 0.29% 5.28% -2.66%
2023 3.13% -0.71% -2.67% 6.64%
2022 -5.76% -6.05% -4.50% 1.62%
2021 -2.42% 2.27% 0.05% 0.05%
2020 -1.17% 4.52% 1.83% 2.06%
2019 3.22% 2.99% 1.66% 0.22%
2018 -1.51% -0.35% 0.26% 0.69%
2017 1.14% 1.43% 0.83% 0.37%
2016 2.82% 2.71% 1.14% -2.59%
2015 1.58% -1.50% 0.05% -0.74%
2014 2.33% 2.50% 0.06% 1.11%
2013 0.49% -2.81% 0.49% 0.47%
2012 1.82% 1.94% 2.71% 1.04%
2011 1.01% 2.09% 2.38% 1.53%
2010 2.42% 2.75% 3.31% -1.05%
2009 2.42% 5.52% 6.23% 0.75%
2008 1.08% -0.04% -2.05% -0.19%
2007 1.48% -0.75% 2.63% 2.24%
2006 -0.38% -0.28% 3.62% 1.18%
2005 -0.37% 3.02% -0.71% 0.39%
2004 2.33% -2.29% 3.11% 1.15%
2003 1.50% 3.00% -0.12% 0.56%
2002 0.10% 2.26% 3.47% 2.65%
2001 3.41% 0.54% 4.68% 0.47%

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

Growth of $10,000 as of 06/30/2025

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
Investment Grade Corporate
MBS
U.S. Government Related
ABS
High Yield Corporate
CMBS
CLO
Bank Loans
Sovereign
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 05/30/2025

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 Details as of 05/30/2025

Total Net Assets
$3.60 B
Average Effective Duration
6.15 Years
Average Life
8.62 Years
Average Maturity
8.62 Years
Number of Issues
545
Average Yield to Maturity
5.34%
Distribution Yield (as of 07/03/2025)
4.65%

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

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

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.

Holding Coupon Maturity Assets
United States Treasury Note/Bond 4.500% 11/15/2054 4.0%
United States Treasury Note/Bond 4.125% 02/28/2027 3.3%
United States Treasury Note/Bond 4.625% 11/15/2044 3.3%
United States Treasury Note/Bond 4.000% 03/31/2030 2.3%
15-YR UMBS-TBA PROD JUL 5.500% 11/01/2039 2.0%
United States Treasury Note/Bond 4.125% 08/15/2044 1.8%
30-YR GNMA II-TBA PROD JUN 5.000% 04/01/2055 1.7%
15-YR UMBS-TBA PROD JUL 5.000% 02/01/2040 1.6%
United States Treasury Note/Bond 3.375% 08/15/2042 1.5%
30-YR UMBS-TBA PROD JUL 2.500% 05/01/2051 1.4%
% of Total Assets 22.9%
Holding Coupon Maturity Assets
United States Treasury Note/Bond4.500% 11/15/20543.9%
United States Treasury Note/Bond4.125% 02/28/20273.3%
United States Treasury Note/Bond4.625% 11/15/20443.2%
United States Treasury Note/Bond4.000% 03/31/20302.2%
15-YR UMBS-TBA PROD JUL5.500% 11/01/20391.9%
United States Treasury Note/Bond4.125% 08/15/20441.7%
30-YR GNMA II-TBA PROD JUN5.000% 04/01/20551.7%
15-YR UMBS-TBA PROD JUL5.000% 02/01/20401.6%
United States Treasury Note/Bond3.375% 08/15/20421.5%
30-YR UMBS-TBA PROD JUL2.500% 05/01/20511.4%
J P MORGAN SECURITIES INC4.310% 06/02/20251.3%
30-YR GNMA II-TBA PROD JUL6.000% 09/01/20541.3%
30-YR GNMA II-TBA PROD JUN5.500% 10/01/20541.2%
15-YR UMBS-TBA PROD JUN2.500% 10/01/20361.0%
30-YR UMBS-TBA PROD JUL5.500% 12/01/20541.0%
30-YR GNMA II-TBA PROD JUN6.000% 09/01/20540.9%
30-YR GNMA II-TBA PROD JUN3.000% 12/01/20510.8%
30-YR UMBS-TBA PROD JUN3.000% 08/01/20510.8%
30-YR UMBS-TBA PROD JUL5.000% 08/01/20540.7%
30-YR GNMA II-TBA PROD JUL5.000% 04/01/20550.6%
Continental Resources Inc/OK5.750% 01/15/20310.6%
30-YR UMBS-TBA PROD JUL6.000% 10/01/20540.6%
Fannie Mae Pool5.500% 03/01/20540.6%
United States Treasury Note/Bond4.750% 02/15/20450.6%
30-YR GNMA II-TBA PROD JUN4.500% 02/01/20550.5%
Wells Fargo & Co2.393% 06/02/20280.5%
30-YR GNMA II-TBA PROD JUN2.500% 08/01/20510.5%
Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.5%
Fannie Mae Pool3.000% 12/01/20480.5%
Ford Credit Auto Owner Trust 2021-REV11.370% 10/17/20330.5%
BMO 2024-5C8 Mortgage Trust5.625% 12/15/20570.5%
Freddie Mac Pool5.500% 07/01/20540.5%
30-YR UMBS-TBA PROD JUN2.500% 05/01/20510.5%
Bank of America Corp2.087% 06/14/20290.5%
Imperial Brands Finance PLC5.500% 02/01/20300.5%
Avolon Holdings Funding Ltd2.125% 02/21/20260.4%
Morgan Stanley4.431% 01/23/20300.4%
Fairstone Financial Issuance Trust I5.162% 10/20/20390.4%
Fannie Mae Pool2.500% 08/01/20500.4%
Freddie Mac Pool6.000% 06/01/20540.4%
Uber Technologies Inc4.500% 08/15/20290.4%
Expand Energy Corp5.875% 02/01/20290.4%
BANK5 2025-5YR145.646% 04/15/20580.4%
nVent Finance Sarl4.550% 04/15/20280.4%
BARCLAYS CAPITAL4.320% 06/02/20250.4%
BARCLAYS CAPITAL4.320% 06/02/20250.4%
First National Master Note Trust5.340% 05/15/20300.4%
Citigroup Inc3.887% 01/10/20280.4%
30-YR GNMA II-TBA PROD JUL3.000% 12/01/20510.4%
30-YR UMBS-TBA PROD JUL2.000% 02/01/20510.4%
Goldman Sachs Group Inc/The2.383% 07/21/20320.4%
Citigroup Inc3.980% 03/20/20300.4%
Freddie Mac Pool6.500% 11/01/20530.4%
Benchmark 2024-V7 Mortgage Trust6.228% 05/15/20560.4%
JPMorgan Chase & Co4.946% 10/22/20350.4%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.4%
UBS Group AG6.373% 07/15/20260.4%
EQT Corp7.000% 02/01/20300.3%
Public Service Electric and Gas Co4.850% 08/01/20340.3%
VICI Properties LP / VICI Note Co Inc4.250% 12/01/20260.3%
30-YR UMBS-TBA PROD JUN4.500% 09/01/20540.3%
Freddie Mac Pool5.000% 08/01/20520.3%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.3%
Fannie Mae Pool5.500% 10/01/20540.3%
Centene Corp3.375% 02/15/20300.3%
Crown Castle Inc3.300% 07/01/20300.3%
Athene Global Funding5.620% 05/08/20260.3%
UBS Group AG6.442% 08/11/20280.3%
BAT Capital Corp5.350% 08/15/20320.3%
30-YR GNMA II-TBA PROD JUL5.500% 10/01/20540.3%
Citizens Financial Group Inc5.718% 07/23/20320.3%
30-YR UMBS-TBA PROD JUN5.000% 08/01/20540.3%
United States Treasury Note/Bond4.250% 11/15/20340.3%
Entergy Louisiana LLC5.150% 09/15/20340.3%
30-YR UMBS-TBA PROD JUN2.000% 02/01/20510.3%
Lending Funding Trust 2020-22.320% 04/21/20310.3%
30-YR UMBS-TBA PROD JUL7.000% 05/01/20530.3%
Targa Resources Partners LP / Targa Resources Partners Finance Corp5.500% 03/01/20300.3%
Bayer US Finance LLC6.375% 11/21/20300.3%
Fannie Mae Pool5.000% 08/01/20520.3%
BBCMS Mortgage Trust 2025-5C335.839% 03/15/20580.3%
Synopsys Inc5.000% 04/01/20320.3%
PNC Financial Services Group Inc/The5.676% 01/22/20350.3%
Paychex Inc5.350% 04/15/20320.3%
Wells Fargo & Co3.584% 05/22/20280.3%
DLLAD 2023-1 LLC4.800% 06/20/20300.3%
GM Financial Automobile Leasing Trust 2023-15.510% 01/20/20270.3%
Avolon TLB Borrower 1 US LLC6.074% 06/24/20300.3%
Bank of America Corp3.593% 07/21/20280.3%
30-YR UMBS-TBA PROD JUN3.500% 05/01/20530.3%
Virginia Electric and Power Co5.050% 08/15/20340.3%
HCA Inc5.500% 03/01/20320.3%
Exeter Automobile Receivables Trust 2024-35.570% 09/15/20280.3%
15-YR UMBS-TBA PROD JUL2.000% 10/01/20360.3%
Hudson Yards 2025-SPRL Mortgage Trust5.467% 01/13/20400.3%
15-YR UMBS-TBA PROD JUL6.000% 01/01/20400.3%
CIM Trust 2021-J32.500% 06/25/20510.3%
Vistra Operations Co LLC5.700% 12/30/20340.3%
Affirm Asset Securitization Trust 2024-B4.620% 09/15/20290.3%
Fannie Mae Pool4.000% 06/01/20520.3%
Indianapolis Power & Light Co5.650% 12/01/20320.3%
SBNA Auto Receivables Trust 2024-A5.320% 12/15/20280.3%
Fannie Mae Pool2.500% 01/01/20510.3%
Freddie Mac Multifamily Structured Pass Through Certificates2.350% 03/25/20320.3%
Intesa Sanpaolo SpA6.625% 06/20/20330.3%
Macquarie Group Ltd2.691% 06/23/20320.3%
Carmax Auto Owner Trust 2022-34.690% 02/15/20280.3%
BNP Paribas SA2.219% 06/09/20260.3%
Macquarie Group Ltd4.654% 03/27/20290.3%
BofA Auto Trust 2024-15.350% 11/15/20280.3%
GM Financial Automobile Leasing Trust 2024-34.210% 10/20/20270.3%
Warwick Capital CLO 6 Ltd5.760% 07/20/20380.3%
AES Corp/The3.950% 07/15/20300.3%
Freddie Mac Multifamily Structured Pass Through Certificates2.250% 01/25/20320.3%
Crown Castle Inc5.800% 03/01/20340.3%
World Omni Automobile Lease Securitization Trust 2025-A4.680% 05/15/20300.3%
JPMorgan Chase & Co3.540% 05/01/20280.3%
ROCK Trust 2024-CNTR5.388% 11/13/20410.3%
Boeing Co/The6.528% 05/01/20340.3%
Nissan Auto Lease Trust 2025-A4.750% 03/15/20280.3%
Citizens Auto Receivables Trust 2024-25.260% 04/15/20310.3%
Freddie Mac Multifamily Structured Pass Through Certificates3.820% 12/25/20320.2%
Silver Point CLO 10 Ltd5.780% 07/15/20380.2%
Fannie Mae Pool3.500% 04/01/20520.2%
Huntington Auto Trust 2024-15.230% 01/16/20290.2%
Westlake Automobile Receivables Trust 2024-25.680% 03/15/20300.2%
Avant Loans Funding Trust 2024-REV15.920% 10/15/20330.2%
Enbridge Inc8.500% 01/15/20840.2%
Freddie Mac Multifamily Structured Pass Through Certificates2.920% 06/25/20320.2%
UBS Group AG1.494% 08/10/20270.2%
M&T Equipment 2025-LEAF1 Notes4.780% 09/17/20290.2%
FactSet Research Systems Inc3.450% 03/01/20320.2%
LPL Holdings Inc4.000% 03/15/20290.2%
Global Payments Inc4.950% 08/15/20270.2%
Minera Mexico SA de CV5.625% 02/12/20320.2%
Freddie Mac Pool5.000% 08/01/20520.2%
World Financial Network Credit Card Master Trust5.470% 02/15/20310.2%
PEAC Solutions Receivables 2024-1 LLC5.640% 11/20/20300.2%
Aviation Capital Group LLC6.375% 07/15/20300.2%
UBS Group AG4.988% 08/05/20330.2%
AMMC CLO 23 Ltd6.330% 04/17/20350.2%
Centene Corp2.450% 07/15/20280.2%
30-YR UMBS-TBA PROD JUN5.500% 12/01/20540.2%
Neuberger Berman Loan Advisers CLO 46 Ltd6.019% 01/20/20370.2%
Glencore Funding LLC5.634% 04/04/20340.2%
Flutter Financing BV6.045% 11/29/20300.2%
Broadcom Inc5.150% 11/15/20310.2%
Lendmark Funding Trust 2021-11.900% 11/20/20310.2%
AS Mileage Plan IP Ltd5.308% 10/20/20310.2%
Santander Drive Auto Receivables Trust 2024-15.450% 03/15/20300.2%
GA Global Funding Trust5.200% 12/09/20310.2%
Foundry JV Holdco LLC5.900% 01/25/20330.2%
Freddie Mac STACR REMIC Trust 2022-DNA16.822% 01/25/20420.2%
GA Global Funding Trust5.500% 04/01/20320.2%
Imperial Brands Finance PLC5.875% 07/01/20340.2%
15-YR UMBS-TBA PROD JUN5.000% 02/01/20400.2%
Freddie Mac Pool6.000% 08/01/20390.2%
KKR CLO 35 Ltd5.869% 01/20/20380.2%
Rollins Inc5.250% 02/24/20350.2%
Freddie Mac Pool6.000% 08/01/20390.2%
Principal Life Global Funding II5.100% 01/25/20290.2%
US Bancorp5.678% 01/23/20350.2%
Mars Inc5.200% 03/01/20350.2%
MasTec Inc4.500% 08/15/20280.2%
GS Mortgage-Backed Securities Trust 2022-PJ63.000% 01/25/20530.2%
Truist Financial Corp5.711% 01/24/20350.2%
Regal Rexnord Corp6.050% 02/15/20260.2%
Discovery Communications LLC3.950% 03/20/20280.2%
Mars Inc5.700% 05/01/20550.2%
Japan Tobacco Inc5.850% 06/15/20350.2%
QXO Building Products Inc6.750% 04/30/20320.2%
JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl3.625% 01/15/20320.2%
15-YR UMBS-TBA PROD JUN2.000% 10/01/20360.2%
JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl5.750% 04/01/20330.2%
BBCMS Mortgage Trust 2023-C216.000% 09/15/20560.2%
Flagship Credit Auto Trust 2020-43.840% 07/17/20280.2%
Freddie Mac Pool2.000% 09/01/20500.2%
US Bancorp4.839% 02/01/20340.2%
Brighthouse Financial Global Funding5.650% 06/10/20290.2%
Birch Grove CLO 3 Ltd5.869% 01/19/20380.2%
Clydesdale Acquisition Holdings Inc6.750% 04/15/20320.2%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.2%
Philip Morris International Inc5.625% 11/17/20290.2%
Madison Park Funding LXIII Ltd6.080% 07/21/20380.2%
30-YR GNMA II-TBA PROD JUN2.000% 09/01/20510.2%
CPS Auto Receivables Trust 2022-B7.140% 10/15/20290.2%
Verizon Master Trust4.830% 12/22/20310.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Antofagasta PLC6.250% 05/02/20340.2%
CenterPoint Energy Resources Corp4.400% 07/01/20320.2%
AppLovin Corp5.375% 12/01/20310.2%
AIB Group PLC6.608% 09/13/20290.2%
JP Morgan Mortgage Trust Series 2025-DSC15.577% 09/25/20650.2%
EQT Corp4.750% 01/15/20310.2%
PEAC Solutions Receivables 2024-2 LLC4.740% 04/20/20270.2%
BankUnited Inc5.125% 06/11/20300.2%
Ford Motor Credit Co LLC6.125% 03/08/20340.2%
Gartner Inc4.500% 07/01/20280.2%
Fannie Mae Pool2.500% 06/01/20510.2%
Anglo American Capital PLC5.750% 04/05/20340.2%
Broadcom Inc4.150% 04/15/20320.2%
Carmax Select Receivables Trust 2024-A5.400% 11/15/20280.2%
Santander Drive Auto Receivables Trust 2022-76.690% 03/17/20310.2%
Aircastle Ltd2.850% 01/26/20280.2%
BX Trust 2025-ROIC5.722% 03/15/20300.2%
Workday Inc3.800% 04/01/20320.2%
Oncor Electric Delivery Co LLC5.650% 11/15/20330.2%
New York Life Global Funding4.550% 01/28/20330.2%
Brown & Brown Inc2.375% 03/15/20310.2%
CNO Global Funding5.875% 06/04/20270.2%
JP Morgan Mortgage Trust 2022-33.000% 08/25/20520.2%
Wells Fargo & Co3.350% 03/02/20330.2%
NatWest Group PLC7.472% 11/10/20260.2%
EFMT 2025-INV25.387% 05/26/20700.2%
Solventum Corp5.600% 03/23/20340.2%
Hyundai Auto Lease Securitization Trust 2025-B4.940% 08/15/20290.2%
Antero Resources Corp7.625% 02/01/20290.2%
GM Financial Automobile Leasing Trust 2023-25.540% 05/20/20270.2%
Fannie Mae Pool6.000% 01/01/20550.2%
Bacardi Ltd / Bacardi-Martini BV5.400% 06/15/20330.2%
Wells Fargo Commercial Mortgage Trust 2024-MGP6.020% 08/15/20410.2%
COMM 2015-LC21 Mortgage Trust4.043% 07/10/20480.2%
Arthur J Gallagher & Co5.000% 02/15/20320.2%
LoanCore 2025 2025-CRE8 Issuer LLC5.712% 08/17/20420.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Mercury Financial Credit Card Master Trust6.560% 07/20/20290.2%
Freddie Mac STACR REMIC Trust 2022-HQA19.572% 03/25/20420.2%
GLS Auto Select Receivables Trust 2024-25.580% 06/17/20300.2%
Broadcom Inc4.300% 11/15/20320.2%
Glencore Funding LLC5.371% 04/04/20290.2%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT5.518% 07/05/20330.2%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.2%
Westlake Automobile Receivables Trust 2023-15.740% 08/15/20280.2%
MF1 2024-FL14 LLC6.064% 03/19/20390.2%
Foundry JV Holdco LLC5.500% 01/25/20310.2%
Jackson National Life Global Funding4.600% 10/01/20290.2%
SEB Funding LLC4.969% 01/30/20520.2%
ALA Trust 2025-OANA6.043% 06/15/20300.2%
Wells Fargo Commercial Mortgage Trust 2025-5C36.096% 01/15/20580.2%
Fair Isaac Corp6.000% 05/15/20330.2%
Freddie Mac Multifamily Structured Pass Through Certificates4.134% 05/25/20330.2%
Hyundai Auto Lease Securitization Trust 2025-A4.830% 01/18/20280.2%
Devon Energy Corp5.200% 09/15/20340.2%
Morgan Stanley2.239% 07/21/20320.2%
Bayview Opportunity Master Fund VI Trust 2021-INV62.500% 10/25/20510.2%
Northrop Grumman Corp3.250% 01/15/20280.2%
Santander Drive Auto Receivables Trust 2025-24.870% 05/15/20310.2%
Carnival Corp6.125% 02/15/20330.2%
Perimeter Master Note Business Trust4.170% 12/15/20260.2%
Wells Fargo Commercial Mortgage Trust 2019-C513.055% 06/15/20520.2%
UBS Group AG1.364% 01/30/20270.2%
PFP 2023-10 Ltd6.692% 09/16/20380.2%
Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C15.635% 03/15/20580.2%
Flagstar Mortgage Trust 2021-3INV2.500% 06/25/20510.2%
Anglo American Capital PLC3.875% 03/16/20290.2%
Novelis Corp6.875% 01/30/20300.2%
Beacon Funding Trust6.266% 08/15/20540.2%
BMO 2024-5C5 Mortgage Trust5.857% 02/15/20570.2%
Fannie Mae Pool4.000% 05/01/20520.2%
LAD Auto Receivables Trust 2024-34.600% 12/17/20290.2%
VICI Properties LP / VICI Note Co Inc5.750% 02/01/20270.2%
LoanCore 2022-CRE7 Issuer Ltd5.880% 01/17/20370.2%
AES Corp/The2.450% 01/15/20310.2%
Oglethorpe Power Corp5.900% 02/01/20550.2%
Bank of America Corp3.970% 03/05/20290.2%
Chile Electricity Lux Mpc II Sarl5.580% 10/20/20350.2%
Mitsubishi Corp5.125% 07/17/20340.2%
Kimmeridge Texas Gas LLC8.500% 02/15/20300.2%
Ford Motor Co9.625% 04/22/20300.2%
Medline Borrower LP/Medline Co-Issuer Inc6.250% 04/01/20290.2%
Avolon Holdings Funding Ltd5.375% 05/30/20300.2%
Appalachian Power Co5.650% 04/01/20340.2%
Royalty Pharma PLC5.400% 09/02/20340.2%
American Express Co5.667% 04/25/20360.2%
TransDigm Inc4.625% 01/15/20290.2%
Nissan Motor Acceptance Co LLC7.050% 09/15/20280.1%
Navient Corp11.500% 03/15/20310.1%
Narragansett Electric Co/The5.350% 05/01/20340.1%
J.P. Morgan Mortgage Trust 2021-153.000% 06/25/20520.1%
Freedom Mortgage Corp12.250% 10/01/20300.1%
Ivanhoe Mines Ltd7.875% 01/23/20300.1%
Cherry Securitization Trust 2025-16.130% 11/15/20320.1%
AT&T Inc4.300% 02/15/20300.1%
Aircastle Ltd6.500% 07/18/20280.1%
Greenko Dutch BV3.850% 03/29/20260.1%
Mars Inc5.000% 03/01/20320.1%
Freddie Mac Pool5.000% 07/01/20520.1%
GS Mortgage-Backed Securities Trust 2021-PJ22.500% 07/25/20510.1%
Nissan Auto Receivables 2023-B Owner Trust5.930% 03/15/20280.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
Generate CLO 14 Ltd6.379% 04/22/20370.1%
Opal Bidco SAS6.500% 03/31/20320.1%
KKR CLO 57 Ltd6.030% 07/15/20380.1%
Nuveen LLC5.850% 04/15/20340.1%
CIM Trust 2021-J12.500% 03/25/20510.1%
Ford Motor Credit Co LLC7.200% 06/10/20300.1%
Hyundai Capital America1.800% 10/15/20250.1%
Freddie Mac Multifamily Structured Pass Through Certificates4.350% 01/25/20330.1%
PNC Financial Services Group Inc/The5.401% 07/23/20350.1%
Enel Finance International NV5.125% 06/26/20290.1%
Air Lease Corp5.200% 07/15/20310.1%
AB BSL CLO 3 Ltd5.819% 04/20/20380.1%
Fannie Mae Pool3.500% 07/01/20450.1%
Amgen Inc5.150% 03/02/20280.1%
Minejesa Capital BV4.625% 08/10/20300.1%
American Tower Corp3.800% 08/15/20290.1%
EQT Corp7.500% 06/01/20300.1%
Santander Drive Auto Receivables Trust 2022-54.740% 10/16/20280.1%
SWCH Commercial Mortgage Trust 2025-DATA5.772% 02/15/20420.1%
Ecopetrol SA8.375% 01/19/20360.1%
GA Global Funding Trust4.400% 09/23/20270.1%
PFS Financing Corp5.270% 05/15/20280.1%
Exeter Automobile Receivables Trust 2023-112.070% 09/16/20300.1%
Regatta XXVII Funding Ltd6.283% 04/26/20370.1%
Entergy Louisiana LLC5.700% 03/15/20540.1%
Cboe Global Markets Inc3.650% 01/12/20270.1%
International Flavors & Fragrances Inc1.230% 10/01/20250.1%
Centene Corp4.250% 12/15/20270.1%
Freddie Mac Stacr Remic Trust 2025-Hqa15.472% 02/25/20450.1%
BBCMS Mortgage Trust 2025-5C345.659% 05/15/20580.1%
BMO 2023-C5 Mortgage Trust5.494% 06/15/20560.1%
VICI Properties LP / VICI Note Co Inc4.625% 12/01/20290.1%
Aviation Capital Group LLC1.950% 01/30/20260.1%
Morgan Stanley5.297% 04/20/20370.1%
Viterra Finance BV4.900% 04/21/20270.1%
Altria Group Inc4.875% 02/04/20280.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.1%
Capital Power US Holdings Inc6.189% 06/01/20350.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
Jane Street Group / JSG Finance Inc6.750% 05/01/20330.1%
GA Global Funding Trust2.900% 01/06/20320.1%
Bank of America Corp1.658% 03/11/20270.1%
IPALCO Enterprises Inc5.750% 04/01/20340.1%
Boardwalk Pipelines LP3.400% 02/15/20310.1%
Benchmark 2024-V12 Mortgage Trust5.738% 12/15/20570.1%
Galaxy 31 Clo Ltd6.130% 07/15/20380.1%
UBS Group AG4.703% 08/05/20270.1%
Sammons Financial Group Global Funding5.100% 12/10/20290.1%
Freddie Mac STACR REMIC Trust 2024-HQA25.572% 08/25/20440.1%
Atlassian Corp5.500% 05/15/20340.1%
Charter Communications Operating LLC6.531% 12/15/20310.1%
UnitedHealth Group Inc5.350% 02/15/20330.1%
Connecticut Avenue Securities Trust 2023-R046.621% 05/25/20430.1%
AmeriCredit Automobile Receivables Trust 2022-25.320% 04/18/20280.1%
Connecticut Avenue Securities Trust 2023-R047.871% 05/25/20430.1%
KeyCorp6.401% 03/06/20350.1%
Citadel Securities Global Holdings LLC6.327% 10/31/20310.1%
NRG Energy Inc6.080% 04/16/20310.1%
GXO Logistics Inc6.500% 05/06/20340.1%
JP Morgan Mortgage Trust 2021-132.500% 04/25/20520.1%
Exeter Automobile Receivables Trust4.860% 02/15/20300.1%
LPL Holdings Inc5.750% 06/15/20350.1%
Ford Motor Credit Co LLC3.375% 11/13/20250.1%
Entergy Louisiana LLC5.800% 03/15/20550.1%
Navoi Mining & Metallurgical Combinat6.750% 05/14/20300.1%
Freddie Mac Pool3.500% 02/01/20460.1%
Ford Motor Credit Co LLC6.054% 11/05/20310.1%
Texas Natural Gas Securitization Finance Corp5.102% 04/01/20350.1%
Fannie Mae Pool2.500% 05/01/20520.1%
IRB Infrastructure Developers Ltd7.110% 03/11/20320.1%
Towd Point Mortgage Trust 2019-HY16.439% 10/25/20480.1%
Fannie Mae Pool4.000% 05/01/20520.1%
Morgan Stanley5.320% 07/19/20350.1%
J.P. Morgan Mortgage Trust 2021-INV83.000% 05/25/20520.1%
Bayer Corp/NJ6.650% 02/15/20280.1%
JP Morgan Mortgage Trust 2022-INV13.000% 03/25/20520.1%
Boeing Co/The6.858% 05/01/20540.1%
JB Poindexter & Co Inc8.750% 12/15/20310.1%
Katayma CLO II Ltd6.419% 04/20/20370.1%
KIND Commercial Mortgage Trust 2024-16.219% 08/15/20410.1%
Ford Motor Credit Co LLC4.134% 08/04/20250.1%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC7.250% 02/15/20310.1%
Fannie Mae Pool5.000% 07/01/20520.1%
Jane Street Group / JSG Finance Inc6.125% 11/01/20320.1%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.000% 06/01/20290.1%
Hilton Domestic Operating Co Inc6.075% 11/08/20300.1%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.1%
UnitedHealth Group Inc3.450% 01/15/20270.1%
GM Financial Consumer Automobile Receivables Trust 2023-46.160% 04/16/20290.1%
CONE Trust 2024-DFW15.970% 08/15/20410.1%
Lightning Power LLC7.250% 08/15/20320.1%
Axon Enterprise Inc6.250% 03/15/20330.1%
Venture Global LNG Inc8.375% 06/01/20310.1%
Union Electric Co5.250% 04/15/20350.1%
Coca-Cola Consolidated Inc5.450% 06/01/20340.1%
15-YR UMBS-TBA PROD JUN3.000% 12/01/20360.1%
Block Inc2.750% 06/01/20260.1%
Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.1%
Goodyear Tire & Rubber Co/The5.000% 07/15/20290.1%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.1%
Mexico Government International Bond6.350% 02/09/20350.1%
Kennedy-Wilson Inc4.750% 03/01/20290.1%
LSB Industries Inc6.250% 10/15/20280.1%
Weibo Corp3.375% 07/08/20300.1%
SM Energy Co6.750% 08/01/20290.1%
MGM China Holdings Ltd4.750% 02/01/20270.1%
NRG Energy Inc6.000% 02/01/20330.1%
Wynn Macau Ltd5.625% 08/26/20280.1%
TGNR Intermediate Holdings LLC5.500% 10/15/20290.1%
Calpine Corp6.074% 01/31/20310.1%
DaVita Inc6.875% 09/01/20320.1%
EMRLD Borrower LP / Emerald Co-Issuer Inc6.750% 07/15/20310.1%
Hyundai Capital America5.800% 06/26/20250.1%
Cheniere Energy Partners LP3.250% 01/31/20320.1%
Brandywine Operating Partnership LP4.550% 10/01/20290.1%
Allied Universal Holdco LLC7.875% 02/15/20310.1%
Exeter Automobile Receivables Trust 2024-45.480% 08/15/20300.1%
New Residential Mortgage Loan Trust 2020-RPL13.847% 11/25/20590.1%
Iron Mountain Information Management Services Inc5.000% 07/15/20320.1%
Vistra Operations Co LLC7.750% 10/15/20310.1%
Hecla Mining Co7.250% 02/15/20280.1%
Rain Carbon Inc12.250% 09/01/20290.1%
Aethon United BR LP / Aethon United Finance Corp7.500% 10/01/20290.1%
Asurion LLC7.689% 07/30/20270.1%
Broadcom Corp / Broadcom Cayman Finance Ltd3.875% 01/15/20270.1%
Arcos Dorados BV6.375% 01/29/20320.1%
APA Corp4.250% 01/15/20300.1%
Santander Drive Auto Receivables Trust 2024-25.840% 06/17/20300.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
ATI Inc7.250% 08/15/20300.1%
Fannie Mae Pool5.500% 10/01/20540.1%
ZF North America Capital Inc6.750% 04/23/20300.1%
Fannie Mae Pool2.500% 08/01/20500.1%
J.P. Morgan Mortgage Trust 2022-13.000% 07/25/20520.1%
Univision Communications Inc8.500% 07/31/20310.1%
Carvana Auto Receivables Trust 2020-NP15.200% 07/15/20270.1%
EquipmentShare.com Inc9.000% 05/15/20280.1%
EPR Properties4.950% 04/15/20280.1%
Cloud Software Group Inc6.500% 03/31/20290.1%
LifePoint Health Inc9.875% 08/15/20300.1%
Altice France SA8.125% 02/01/20270.1%
BAT Capital Corp5.834% 02/20/20310.1%
JetBlue Airways Corp / JetBlue Loyalty LP9.875% 09/20/20310.1%
Chase Home Lending Mortgage Trust Series 2024-RPL23.250% 08/25/20640.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
NRG Energy Inc4.450% 06/15/20290.1%
FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple7.250% 01/31/20410.1%
Vermilion Energy Inc6.875% 05/01/20300.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.1%
Molina Healthcare Inc4.375% 06/15/20280.1%
EQT Corp6.375% 04/01/20290.1%
Prosus NV4.027% 08/03/20500.1%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.1%
Crescent Energy Finance LLC7.375% 01/15/20330.1%
Herc Holdings Escrow Inc7.250% 06/15/20330.1%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.1%
Rand Parent LLC8.500% 02/15/20300.1%
Freddie Mac Pool6.000% 02/01/20550.1%
Oglethorpe Power Corp5.800% 06/01/20540.1%
Union Electric Co5.125% 03/15/20550.1%
Freddie Mac Pool6.000% 09/01/20390.1%
Glencore Funding LLC6.375% 10/06/20300.1%
National Fuel Gas Co5.950% 03/15/20350.1%
CACI International Inc6.375% 06/15/20330.1%
Reynolds Consumer Products LLC6.074% 03/04/20320.1%
BSTN Commercial Mortgage Trust 2025-1C5.548% 06/15/20440.1%
Ford Motor Credit Co LLC2.700% 08/10/20260.1%
Entergy Texas Inc5.250% 04/15/20350.1%
Wells Fargo Mortgage Backed Securities 2021-INV2 Trust2.500% 09/25/20510.1%
Fannie Mae Pool5.000% 07/01/20520.1%
TEXAS Commercial Mortgage Trust 2025-TWR5.921% 04/15/20420.1%
Freddie Mac Pool5.500% 10/01/20540.1%
15-YR UMBS-TBA PROD JUN5.500% 11/01/20390.1%
Trans Union LLC6.083% 06/24/20310.1%
Assurant Inc2.650% 01/15/20320.1%
PSEG Power LLC5.750% 05/15/20350.1%
Toyota Motor Credit Corp4.550% 09/20/20270.1%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.1%
Avolon Holdings Funding Ltd6.375% 05/04/20280.1%
United States Steel Corp6.875% 03/01/20290.1%
HUB International Ltd7.375% 01/31/20320.1%
EPR Properties4.500% 06/01/20270.1%
Entergy Texas Inc5.550% 09/15/20540.1%
Fannie Mae Pool6.000% 10/01/20540.1%
UBS Group AG6.327% 12/22/20270.1%
Connecticut Avenue Securities Trust 2023-R018.071% 12/25/20420.1%
Rentokil Terminix Funding LLC5.625% 04/28/20350.1%
NGPL PipeCo LLC3.250% 07/15/20310.1%
Connecticut Avenue Securities Trust 2021-R015.872% 10/25/20410.1%
Windfall Mining Group Inc / Groupe Minier Windfall Inc5.854% 05/13/20320.1%
Flagstar Mortgage Trust 2021-122.500% 11/25/20510.1%
Vistra Operations Co LLC6.074% 12/20/20300.1%
Flagstar Mortgage Trust 2021-72.500% 08/25/20510.1%
BX Trust 2025-TAIL5.700% 06/15/20350.1%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.1%
Foundry JV Holdco LLC5.875% 01/25/20340.1%
Connecticut Avenue Securities Trust 2023-R016.721% 12/25/20420.1%
FirstEnergy Transmission LLC5.000% 01/15/20350.1%
Dominion Energy Inc6.875% 02/01/20550.1%
30-YR UMBS-TBA PROD JUN6.500% 07/01/20540.1%
AAdvantage Loyalty IP Ltd6.553% 04/20/20280.1%
Hudson River Trading LLC7.324% 03/18/20300.1%
HCA Inc5.450% 09/15/20340.1%
Mill City Mortgage Loan Trust 2021-NMR13.731% 11/25/20600.1%
Watco Cos LLC / Watco Finance Corp7.125% 08/01/20320.1%
Chase Home Lending Mortgage Trust 2024-RPL43.375% 12/25/20640.1%
Senegal Government International Bond6.250% 05/23/20330.1%
UnitedHealth Group Inc4.500% 04/15/20330.1%
Florida Power & Light Co5.800% 03/15/20650.1%
Connecticut Avenue Securities Trust 2022-R037.822% 03/25/20420.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC6.250% 03/15/20330.1%
30-YR UMBS-TBA PROD JUN7.000% 05/01/20530.1%
Occidental Petroleum Corp6.625% 09/01/20300.1%
Fannie Mae Pool3.500% 09/01/20510.1%
International Business Machines Corp6.500% 01/15/20280.1%
Baxalta Inc4.000% 06/23/20250.1%
Ovintiv Inc6.500% 02/01/20380.1%
Fannie Mae Pool6.000% 02/01/20390.1%
Jersey Central Power & Light Co5.100% 01/15/20350.1%
Connecticut Avenue Securities Trust 2023-R026.622% 01/25/20430.1%
Universal Health Services Inc5.050% 10/15/20340.1%
Fannie Mae Pool2.500% 08/01/20510.1%
Avolon Holdings Funding Ltd2.528% 11/18/20270.0%
Walgreens Boots Alliance Inc8.125% 08/15/20290.0%
Metropolitan Life Global Funding I4.050% 08/25/20250.0%
Wisconsin Electric Power Co5.050% 10/01/20540.0%
30-YR UMBS-TBA PROD JUN6.000% 10/01/20540.0%
Trans Union LLC6.175% 06/24/20310.0%
Madison Park Funding XXIII Ltd5.514% 07/27/20310.0%
Royalty Pharma PLC3.350% 09/02/20510.0%
Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd5.513% 08/15/20340.0%
15-YR UMBS-TBA PROD JUN6.000% 01/01/20400.0%
Anglo American Capital PLC5.500% 05/02/20330.0%
Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.0%
BSPRT 2022-FL8 Issuer Ltd5.832% 02/15/20370.0%
DTE Electric Co5.850% 05/15/20550.0%
Jump Financial LLC8.580% 02/26/20320.0%
NatWest Group PLC4.964% 08/15/20300.0%
US ULTRA BOND CBT Sep250.000% 09/30/20250.0%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.0%
US 5YR NOTE (CBT) Sep250.000% 10/03/20250.0%
US 2YR NOTE (CBT) Sep250.000% 10/03/20250.0%
Galaxy XXI CLO Ltd5.551% 04/20/20310.0%
Connecticut Avenue Securities Trust 2023-R038.222% 04/25/20430.0%
Octane Receivables Trust 2022-25.110% 02/22/20280.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
Hudsons Bay Simon JV Trust 2015-HBS0.541% 08/05/20340.0%
Hudsons Bay Simon JV Trust 2015-HBS0.493% 08/05/20340.0%
WFRBS Commercial Mortgage Trust 2014-C230.000% 10/15/20570.0%
Citigroup Commercial Mortgage Trust 2014-GC250.000% 10/10/20470.0%
OGX Austria GmbH8.500% 06/01/20180.0%
FX USD/CAD 06/250.000% 06/13/20250.0%
US 10yr Ultra Fut Sep250.000% 09/30/20250.0%

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 07/03/2025
$0.20739
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 06/30/2025 $0.03377 $8.76
Daily Daily 05/31/2025 $0.03430 $8.65
Daily Daily 04/30/2025 $0.03513 $8.72
Daily Daily 03/31/2025 $0.03567 $8.76
Daily Daily 02/28/2025 $0.03407 $8.81
Daily Daily 01/31/2025 $0.03445 $8.67

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 07/31/2025
Daily Daily 08/31/2025
Daily Daily 09/30/2025
Daily Daily 10/31/2025
Daily Daily 11/30/2025
Daily Daily 12/31/2025

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $0.0629 - $0.0629 $10.49
*

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. 

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 07/03/2025

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $8.92
$100,000 to $249,999 1.75% 1.50% $8.88
$250,000 to $499,999 1.25% 1.00% $8.83
Greater than $500,000 0.00% 1.00% $8.72

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 View Full Disclosure

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 05/31/2025

Fund Gross Expense Ratio 0.66%
Fund Net Expense Ratio 0.66%

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
2024 Annual Tailored Shareholder Report
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
2024 Semi-Annual Tailored Shareholder Report
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.

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

                    

1

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.

 

2

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

 

3

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

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.

 

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 Bloomberg 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.

Select funds to run a Morningstar Hypothetical Report.

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