Bond Debenture Fund

LBDFX

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Daily price w/o sales charge as of 01/17/2020

$8.19

$0.00

YTD Returns w/o sales charge as of 01/17/2020

1.04%

Overall Morningstar Ratings

Multisector Bond

as of 12/31/2019

Morningstar rated the Lord Abbett Bond Debenture Fund class F share 4, 5 and 5 stars among 262, 220 and 120 Multisector Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 12/31/2019, respectively.

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Summary

What is the Bond Debenture Fund?

The Fund seeks to deliver high current income and long-term growth of capital by investing primarily in a variety of fixed income securities and select equity-related securities.

A PIONEER IN MULTI-SECTOR

Over four decades of multi-sector bond investing, emphasizing rigorous credit research.

A FLEXIBLE APPROACH

The flexibility to adjust allocations to take advantage of opportunities as market conditions change.

TIME-TESTED RESULTS

A long track record illustrates performance in many market environments.

Yield

Dividend Yield ¹ as of 01/17/2020

w/o sales charge

3.74%

30-Day Standardized Yield ² as of 12/31/2019

3.05%

Fund Basicsas of 12/31/2019

Total Net Assets: $16.43 B
Inception Date: 09/28/2007
Dividend Frequency: Monthly
Fund Expense Ratio: 0.69%
Number of Holdings: 818

Fund Expense Ratio :

0.69%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	13.64%	13.64%	6.11%	5.76%	7.18%	6.48%
Lipper Category Avg. Multi-Sector Income Funds	9.76%	9.76%	4.68%	3.91%	5.18%	-
Bloomberg Barclays U.S. Aggregate Bond Index	8.72%	8.72%	4.03%	3.05%	3.75%	4.21%

Fund Expense Ratio :

0.69%

Fund Expense Ratio :

0.69%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	13.64%	13.64%	6.11%	5.76%	7.18%	6.48%
Lipper Category Avg. Multi-Sector Income Funds	9.76%	9.76%	4.68%	3.91%	5.18%	-
Bloomberg Barclays U.S. Aggregate Bond Index	8.72%	8.72%	4.03%	3.05%	3.75%	4.21%

Fund Expense Ratio :

0.69%

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

Credit Quality Distribution as of 12/31/2019 View Portfolio

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

Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Robert S. Clark, CFA

Portfolio Manager

22 Years of Industry Experience

Christopher Gizzo, CFA

Managing Director & Portfolio Manager

11 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Supported By 62 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Dividend Yield ¹ as of 01/17/2020

w/o sales charge

3.74%

30-Day Standardized Yield ² as of 12/31/2019

	Subsidized³	Un-Subsidized⁴
w/o sales charge	3.05%	3.05%

Fund Expense Ratio :

0.69%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	13.64%	13.64%	6.11%	5.76%	7.18%	6.48%
Lipper Category Avg. Multi-Sector Income Funds	9.76%	9.76%	4.68%	3.91%	5.18%	-
Bloomberg Barclays U.S. Aggregate Bond Index	8.72%	8.72%	4.03%	3.05%	3.75%	4.21%

Fund Expense Ratio :

0.69%

Fund Expense Ratio :

0.69%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	13.64%	13.64%	6.11%	5.76%	7.18%	6.48%
Lipper Category Avg. Multi-Sector Income Funds	9.76%	9.76%	4.68%	3.91%	5.18%	-
Bloomberg Barclays U.S. Aggregate Bond Index	8.72%	8.72%	4.03%	3.05%	3.75%	4.21%

Fund Expense Ratio :

0.69%

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

Year	Fund Returns	Bloomberg Barclays U.S. Aggregate Bond Index

2019	13.64%	8.72%
2018	-3.83%	0.01%
2017	9.32%	3.54%
2016	12.46%	2.65%
2015	-1.53%	0.55%
2014	4.53%	5.97%
2013	8.05%	-2.02%
2012	13.50%	4.22%
2011	4.12%	7.84%
2010	13.24%	6.54%
2009	35.81%	-
2008	-20.17%	-
2007	5.28%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2020	-	-	-	-	1.07%
2019	6.86%	3.63%	0.76%	1.85%	13.64%
2018	-0.99%	-0.13%	2.27%	-4.90%	-3.83%
2017	2.69%	2.12%	2.44%	1.77%	9.32%
2016	1.66%	4.34%	4.78%	1.19%	12.46%
2015	3.56%	-0.41%	-3.60%	-0.96%	-1.53%
2014	2.89%	2.57%	-1.52%	0.57%	4.53%
2013	3.17%	-1.42%	2.76%	3.39%	8.05%
2012	5.73%	0.30%	4.39%	2.53%	13.50%
2011	4.27%	0.92%	-6.51%	5.84%	4.12%
2010	3.76%	-1.14%	6.69%	3.47%	13.24%
2009	2.65%	12.85%	11.44%	5.20%	35.81%
2008	-2.73%	1.49%	-7.87%	-12.24%	-20.17%
2007	2.59%	1.29%	1.77%	-0.44%	5.28%

NAV Historical Prices

Date	Net Asset Value

Portfolio

Type	Assets
U.S. Investment Grade Corporate
U.S. High Yield Corporate
MBS
Non-U.S. Investment Grade Corporate
Bank Loans
Non-U.S. High Yield Corporate
Equity
Sovereign
U.S. Government Related
CMBS
Municipals
ABS
Convertibles
Cash

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

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

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

Credit Quality Distribution as of 12/31/2019

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

Portfolio Positioning as of 12/31/2019

From a sector standpoint, we have increased the cyclical tilt in the portfolio, adding to sectors exposed to consumer spending (leisure, consumer goods) as well as the automotive and energy sectors.
We have added to the portfolio’s bank loan allocation, as we are constructive on the asset class given attractive valuations and relatively elevated spread levels.
In terms of ratings, we have been reducing the portfolio’s holdings of ‘BB’ rated debt, as we view ‘BB’s as the most overpriced category in high yield, and rotating into the lower-rated segment of the high yield market, as we see attractive relative valuations.
We believe the portfolio’s allocations to high yield bonds, bank loans and equity-related securities should offer diversification benefits and mitigate its sensitivity to changes in interest rates.
We remain constructive on risk assets despite continuing bouts of volatility. We believe that general economic fundamentals will favor the lower-rated segments of the leveraged credit market.

Portfolio Details as of 12/31/2019

Total Net Assets: $16.43 B
Number of Issues: 818
Average Coupon: 4.77%
Average Life: 9.23 Years
Average Maturity: 10.25 Years
Average Effective Duration: 4.04 Years

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

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

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

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

Holding	Coupon	Maturity	Assets

30-YR UMBS-TBA PROD JAN	3.500%	03/01/2049	6.5%
30-YR UMBS-TBA PROD JAN	4.500%	03/01/2049	3.6%
U.S. Treasury Note	0.500%	04/15/2024	2.0%
Japan Treasury Discount Bill	0.000%	01/08/2020	1.8%
U.S. Treasury Note/Bond	2.750%	08/31/2023	1.5%
30-YR UMBS-TBA PROD JAN	3.000%	05/01/2049	1.4%
Ford Motor Credit Co. LLC	5.584%	03/18/2024	0.9%
DISH DBS Corp.	7.750%	07/01/2026	0.6%
Tesla Motors, Inc.	5.300%	08/15/2025	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.125%	05/01/2027	0.5%

% of Total Assets			19.4%

Holding	Coupon	Maturity	Assets

30-YR UMBS-TBA PROD DEC	3.500%	03/01/2049	6.6%
U.S. Treasury Note/Bond	2.750%	08/31/2023	4.1%
30-YR UMBS-TBA PROD DEC	4.500%	03/01/2049	3.7%
Japan Treasury Discount Bill	0.000%	01/08/2020	1.9%
30-YR UMBS-TBA PROD DEC	3.000%	05/01/2049	1.4%
Ford Motor Credit Co. LLC	5.584%	03/18/2024	0.9%
U.S. Treasury Note/Bond	2.250%	08/15/2049	0.8%
Sprint Capital Corp.	6.875%	11/15/2028	0.7%
PG&E Corp	3.875%	04/27/2021	0.6%
DISH DBS Corp.	7.750%	07/01/2026	0.6%
J.P.Morgan Securities LLC	0.010%	-	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.125%	05/01/2027	0.6%
TD Securities (USA) LLC	0.010%	-	0.5%
Permanent Univ Fnd - Texas A&M Univ Sys	3.660%	07/01/2047	0.5%
Tesla Motors, Inc.	5.300%	08/15/2025	0.5%
GE Capital International Funding Co.	2.342%	11/15/2020	0.5%
Saudi Arabian Oil Co	4.375%	04/16/2049	0.5%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.4%
Shake Shack, Inc.	0.000%	-	0.4%
Verizon Communications, Inc.	2.625%	08/15/2026	0.4%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.750%	02/15/2026	0.4%
Amazon.com, Inc.	5.200%	12/03/2025	0.4%
Newell Rubbermaid, Inc.	4.200%	04/01/2026	0.4%
Province of Ontario, Canada	2.550%	02/12/2021	0.4%
Bank of America Corp.	2.369%	07/21/2021	0.4%
HCA, Inc.	5.500%	06/15/2047	0.4%
Japan Bank for International Cooperation/Japan	3.125%	07/20/2021	0.4%
Lululemon Athletica, Inc.	0.000%	-	0.3%
Netflix, Inc.	3.625%	05/15/2027	0.3%
Intesa Sanpaolo SpA	5.710%	01/15/2026	0.3%
Numericable Group S.A.	7.375%	05/01/2026	0.3%
Abu Dhabi Government International Bond	3.125%	05/03/2026	0.3%
NRG Energy, Inc.	5.750%	01/15/2028	0.3%
Ally Financial, Inc.	8.000%	11/01/2031	0.3%
State Grid Overseas Investment 2016 Ltd	3.500%	05/04/2027	0.3%
Caesars Palace Las Vegas Trust 2017-VICI	4.499%	10/15/2034	0.3%
Continental Resources, Inc.	4.900%	06/01/2044	0.3%
NextEra Energy Operating Partners LP	3.875%	10/15/2026	0.3%
American Tower Corp.	2.950%	01/15/2025	0.3%
Ukraine Government	7.375%	09/25/2032	0.3%
Enel Finance International N.V.	3.500%	04/06/2028	0.3%
Starbucks Corp.	4.450%	08/15/2049	0.3%
Goldman Sachs Group, Inc.	3.377%	04/26/2022	0.3%
Ziggo BV	5.500%	01/15/2027	0.3%
Hasbro, Inc.	3.900%	11/19/2029	0.3%
Numericable Group S.A.	8.125%	02/01/2027	0.3%
General Electric Co.	5.000%	12/31/2099	0.3%
Suntory Holdings Ltd	2.250%	10/16/2024	0.3%
Global Bank Corp.	5.250%	04/16/2029	0.3%
General Electric Co.	2.700%	10/09/2022	0.3%
Shell International Finance BV	6.375%	12/15/2038	0.3%
Microsoft Corp.	3.125%	11/03/2025	0.3%
Equinix, Inc.	2.875%	02/01/2026	0.3%
Pasadena Public Fing Auth	7.148%	03/01/2043	0.3%
Saudi Arabian Oil Co	2.750%	04/16/2022	0.3%
Cenovus Energy, Inc.	5.400%	06/15/2047	0.3%
Egypt Government International Bond	5.577%	02/21/2023	0.3%
Hess Corp.	5.600%	02/15/2041	0.2%
Santander UK Group Holdings plc	4.750%	09/15/2025	0.2%
Hardee's Funding LLC	4.959%	06/20/2048	0.2%
Azul Investments LLP	5.875%	10/26/2024	0.2%
British Airways 2019-1 Class AA Pass Through Trust	3.300%	06/15/2034	0.2%
California St Univ	3.899%	11/01/2047	0.2%
Dominican Republic International Bond	6.400%	06/05/2049	0.2%
CIT Group, Inc.	6.125%	03/09/2028	0.2%
WeWork Cos Inc	7.875%	05/01/2025	0.2%
Macquarie Bank Ltd./London	6.125%	03/08/2167	0.2%
Smithfield Foods, Inc.	5.200%	04/01/2029	0.2%
Intelsat Jackson Holdings SA	5.500%	08/01/2023	0.2%
Amazon.com, Inc.	4.800%	12/05/2034	0.2%
Benchmark 2019-B12 Mortgage Trust	4.388%	08/15/2052	0.2%
TransDigm, Inc.	6.375%	06/15/2026	0.2%
Republic of South Africa	4.300%	10/12/2028	0.2%
Hudson Pacific Properties LP	3.250%	01/15/2030	0.2%
Province of British Columbia, Canada	2.850%	06/18/2025	0.2%
Bacardi Ltd.	4.700%	05/15/2028	0.2%
United Technologies Corp.	4.125%	11/16/2028	0.2%
NGPL Pipeco LLC	4.875%	08/15/2027	0.2%
ABN Amro Bank NV	4.750%	07/28/2025	0.2%
Leggett & Platt, Inc.	4.400%	03/15/2029	0.2%
Midwest Connector Capital Co LLC	4.625%	04/01/2029	0.2%
Sprint Corp.	7.625%	03/01/2026	0.2%
TransDigm, Inc.	6.250%	03/15/2026	0.2%
Memorial Sloan-Kettering Cancer Center	4.200%	07/01/2055	0.2%
Western Digital Corp.	4.750%	02/15/2026	0.2%
AIB Group PLC	4.750%	10/12/2023	0.2%
CNAC HK Finbridge Co Ltd	4.125%	07/19/2027	0.2%
Buenos Aires, Argentina	7.500%	06/01/2027	0.2%
Univision Communications Inc.	4.452%	03/15/2024	0.2%
MEG Energy Corp.	6.500%	01/15/2025	0.2%
Kansas City Southern	0.000%	-	0.2%
MEG Energy Corp.	7.000%	03/31/2024	0.2%
Bank of Ireland Group PLC	4.500%	11/25/2023	0.2%
Abu Dhabi Crude Oil Pipeline LLC	4.600%	11/02/2047	0.2%
Brown-Forman Corp.	0.000%	-	0.2%
Seven & I Holdings Co., Ltd	3.350%	09/17/2021	0.2%
Spirit Realty LP	3.400%	01/15/2030	0.2%
First Republic Bank/San Francisco CA	0.000%	-	0.2%
KLA-Tencor Corp.	4.100%	03/15/2029	0.2%
Pacific Gas & Electric Co.	6.050%	03/01/2034	0.2%
Edwards Lifesciences Corp.	4.300%	06/15/2028	0.2%
Cheniere Energy Partners LP	4.500%	10/01/2029	0.2%
Diamond Sports Group LLC / Diamond Sports Finance	6.625%	08/15/2027	0.2%
Paraguay Government International Bond	5.600%	03/13/2048	0.2%
IHS Markit Ltd	4.000%	03/01/2026	0.2%
NVIDIA Corp.	3.200%	09/16/2026	0.2%
Arconic Inc	0.000%	-	0.2%
Starfruit US Holdco LLC	5.005%	09/20/2025	0.2%
Tiffany & Co.	4.900%	10/01/2044	0.2%
Government of Jamaica	8.000%	03/15/2039	0.2%
Amphenol Corp.	2.800%	02/15/2030	0.2%
Regatta XVI Funding Ltd	0.000%	01/15/2033	0.2%
Northwestern Mutual Life Insurance Co/The	3.850%	09/30/2047	0.2%
Hess Corp.	5.800%	04/01/2047	0.2%
Amazon.com, Inc.	3.150%	08/22/2027	0.2%
JBS USA LLC/JBS USA Finance, Inc.	6.750%	02/15/2028	0.2%
Connect Finco SARL / Connect US Finco LLC	6.750%	10/01/2026	0.2%
Trimble Navigation Ltd.	4.750%	12/01/2024	0.2%
Pulte Group, Inc.	6.375%	05/15/2033	0.2%
CSC Holdings LLC	5.500%	04/15/2027	0.2%
Altice Financing S.A.	7.500%	05/15/2026	0.2%
Vietnam (Socialist Republic of)	4.800%	11/19/2024	0.2%
Fidelity National Financial Group	4.500%	08/15/2028	0.2%
Tenet Healthcare Corp.	6.250%	02/01/2027	0.2%
Global Aircraft Leasing Co Ltd	6.500%	09/15/2024	0.2%
Brink's Co/The	4.625%	10/15/2027	0.2%
Qatar Government International Bond	3.250%	06/02/2026	0.2%
Webster Financial Corp.	4.100%	03/25/2029	0.2%
New York City Indl Dev Agy	11.000%	03/01/2029	0.2%
PartnerRe Finance B LLC	3.700%	07/02/2029	0.2%
NRG Energy, Inc.	3.750%	06/15/2024	0.2%
Apple, Inc.	3.000%	06/20/2027	0.2%
Micron Technology, Inc.	5.327%	02/06/2029	0.2%
Microsoft Corp.	3.300%	02/06/2027	0.2%
Autodesk, Inc.	3.500%	06/15/2027	0.2%
Enel Finance International N.V.	2.650%	09/10/2024	0.2%
Angolan Government International Bond	8.250%	05/09/2028	0.2%
Metropolitan Museum of Art	3.400%	07/01/2045	0.2%
Transportadora de Gas Internacional SA ESP	5.550%	11/01/2028	0.2%
AIB Group PLC	4.263%	04/10/2025	0.2%
Mattel, Inc.	2.350%	08/15/2021	0.2%
Compass Bank	3.875%	04/10/2025	0.2%
BBVA Bancomer SA	5.125%	01/18/2033	0.2%
Microsoft Corp.	4.500%	02/06/2057	0.2%
Development Bank of Mongolia LLC	7.250%	10/23/2023	0.2%
Neuberger Berman Group LLC	4.875%	04/15/2045	0.2%
Indianapolis Power & Light Co.	4.050%	05/01/2046	0.2%
Station Casinos LLC	5.000%	10/01/2025	0.2%
Senegal Goverment International Bond	6.250%	07/30/2024	0.2%
Adani Ports & Special Economic Zone Ltd	4.375%	07/03/2029	0.2%
Aeropuerto Internacional de Tocumen SA	6.000%	11/18/2048	0.2%
Australian Government	4.250%	04/21/2026	0.2%
Huntington National Bank	3.125%	04/01/2022	0.2%
BBA US Holdings Inc	4.000%	03/01/2028	0.2%
Navient Corp.	6.750%	06/25/2025	0.2%
Transatlantic Holdings, Inc.	8.000%	11/30/2039	0.2%
Massachusetts Sch Bldg Auth	5.715%	08/15/2039	0.2%
AbbVie, Inc.	3.200%	11/21/2029	0.2%
AMC Networks, Inc.	4.750%	08/01/2025	0.2%
Penn National Gaming, Inc.	5.625%	01/15/2027	0.2%
Regionalcare Hospital Prtnrs	6.202%	11/16/2025	0.2%
VICI Properties 1 LLC	3.716%	12/20/2024	0.2%
PFP 2019-6 Ltd	0.000%	04/14/2037	0.2%
Hilton Domestic Operating Co, Inc.	5.125%	05/01/2026	0.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	4.750%	06/01/2027	0.2%
Hub International LTD	4.690%	04/25/2025	0.2%
Morgan Stanley	3.625%	01/20/2027	0.2%
Delta Air Lines, Inc.	3.750%	10/28/2029	0.2%
Hunt Oil Co of Peru LLC Sucursal Del Peru	6.375%	06/01/2028	0.2%
MDC-GMTN BV	3.700%	11/07/2049	0.2%
CF Industries, Inc.	4.500%	12/01/2026	0.2%
BankUnited, Inc.	4.875%	11/17/2025	0.2%
Cheniere Corpus Christi Holdings LLC	5.125%	06/30/2027	0.2%
General Electric Co.	3.100%	01/09/2023	0.2%
Yingde Gases Investment Ltd	6.250%	01/19/2023	0.2%
Government of Jamaica	6.750%	04/28/2028	0.2%
Verscend Escrow Corp	9.750%	08/15/2026	0.2%
Brixmor Operating Partnership L.P.	4.125%	05/15/2029	0.2%
Altice Luxembourg SA	10.500%	05/15/2027	0.2%
Ellie Mae Inc	6.625%	04/17/2026	0.2%
RingCentral, Inc.	0.000%	-	0.2%
Dallas Convention Center Hotel Dev Corp., TX	7.088%	01/01/2042	0.2%
Chicago, IL	6.314%	01/01/2044	0.2%
NVIDIA Corp.	0.000%	-	0.2%
Amazon.com, Inc.	4.250%	08/22/2057	0.2%
Netflix, Inc.	4.875%	04/15/2028	0.2%
Tencent Holdings Ltd.	3.925%	01/19/2038	0.2%
Ontario Teachers' Cadillac Fairview Properties Tru	3.875%	03/20/2027	0.2%
PFP 2019-6 Ltd	0.000%	04/14/2037	0.2%
Alibaba Group Holding Ltd.	0.000%	-	0.2%
Exxon Mobil Corp.	3.043%	03/01/2026	0.2%
Noble Energy, Inc.	3.850%	01/15/2028	0.2%
Sherwin-Williams Co.	0.000%	-	0.2%
BBCMS 2019-BWAY Mortgage Trust	2.756%	11/25/2034	0.2%
California	7.550%	04/01/2039	0.2%
Northern Natural Gas	4.300%	01/15/2049	0.2%
IHS Markit Ltd	4.750%	08/01/2028	0.2%
US Renal Care Inc.	6.750%	06/13/2026	0.2%
El Paso Electric Co.	5.000%	12/01/2044	0.2%
Navient Corp.	6.125%	03/25/2024	0.2%
Forterra, Inc.	0.000%	10/25/2023	0.2%
Bahrain Government International Bond	6.750%	09/20/2029	0.2%
Springleaf Finance Corp.	5.375%	11/15/2029	0.2%
Edwards Lifesciences Corp.	0.000%	-	0.2%
Kenya Government International Bond	7.250%	02/28/2028	0.2%
Parsley Energy LLC	5.625%	10/15/2027	0.2%
McCormick & Co., Inc.	4.200%	08/15/2047	0.2%
Power Finance Corp Ltd	6.150%	12/06/2028	0.2%
Press Ganey Inc	5.202%	07/22/2026	0.2%
Ally Financial, Inc.	4.625%	03/30/2025	0.1%
American Axle & Manufacturing, Inc.	4.006%	04/06/2024	0.1%
Cheniere Energy Partners LP	5.625%	10/01/2026	0.1%
Global Payments, Inc.	4.150%	08/15/2049	0.1%
DocuSign Inc	0.000%	-	0.1%
Alphabet, Inc.	0.000%	-	0.1%
Booz Allen Hamilton Holding Corp.	0.000%	-	0.1%
Centennial Resource Production LLC	6.875%	04/01/2027	0.1%
AXIS Specialty Finance PLC	5.150%	04/01/2045	0.1%
Citgo Holding, Inc.	9.250%	08/01/2024	0.1%
Genesee & Wyoming, Inc.	3.774%	11/05/2026	0.1%
Planet Fitness Master Issuer LLC	4.666%	09/05/2048	0.1%
Delta Air Lines 2019-1 Class AA Pass Through Trust	3.204%	04/25/2024	0.1%
BWAY Holding Co.	7.250%	04/15/2025	0.1%
Chicago, IL	5.432%	01/01/2042	0.1%
Match Group, Inc.	5.000%	12/15/2027	0.1%
RegionalCare Hospital Partners Holdings Inc / Life	9.750%	12/01/2026	0.1%
SRC Energy Inc	6.250%	12/01/2025	0.1%
First Horizon National Corp.	0.000%	-	0.1%
Battalion Clo XV Ltd	0.000%	12/19/2032	0.1%
Buckeye Partners L.P.	6.375%	01/22/2078	0.1%
Hughes Satellite Systems Corp.	5.250%	08/01/2026	0.1%
Nexstar Broadcasting, Inc.	5.625%	07/15/2027	0.1%
Walt Disney Co.	2.350%	12/01/2022	0.1%
Mersin Uluslararasi Liman Isletmeciligi AS	5.375%	11/15/2024	0.1%
Selective Insurance Group, Inc.	5.375%	03/01/2049	0.1%
PACCAR Financial Corp.	2.850%	03/01/2022	0.1%
EPR Properties	3.750%	08/15/2029	0.1%
United Rentals, Inc.	4.875%	01/15/2028	0.1%
Conn's Receivables Funding 2017-B LLC	5.950%	11/15/2022	0.1%
Delphi Technologies PLC	5.000%	10/01/2025	0.1%
Tesla Motors, Inc.	2.000%	05/15/2024	0.1%
Centene Corp.	5.375%	06/01/2026	0.1%
Microsoft Corp.	2.400%	08/08/2026	0.1%
Citigroup, Inc.	2.350%	08/02/2021	0.1%
Arcor	6.000%	07/06/2023	0.1%
NextCure Inc	0.000%	-	0.1%
Brown-Forman Corp.	4.500%	07/15/2045	0.1%
Boston Scientific Corp.	7.000%	11/15/2035	0.1%
Adient US LLC	7.000%	05/15/2026	0.1%
Oceaneering International, Inc.	6.000%	02/01/2028	0.1%
Centennial Resource Production LLC	5.375%	01/15/2026	0.1%
National Retail Properties, Inc.	4.300%	10/15/2028	0.1%
Parexel Intl Corp.	4.452%	09/27/2024	0.1%
Lam Research Corp.	4.875%	03/15/2049	0.1%
C.H. Robinson Worldwide, Inc.	4.200%	04/15/2028	0.1%
Rumo Luxembourg Sarl	5.875%	01/18/2025	0.1%
Apple, Inc.	1.800%	09/11/2024	0.1%
Australia & New Zealand Banking Group Ltd/United K	6.750%	06/15/2166	0.1%
Diamond Sports Group LLC / Diamond Sports Finance	5.375%	08/15/2026	0.1%
Pike Corp	5.588%	07/19/2026	0.1%
Granite Holdings US Acquisition	7.354%	09/25/2026	0.1%
Owens Corning	4.300%	07/15/2047	0.1%
Sabal Trail Transmission LLC	4.246%	05/01/2028	0.1%
GLP Capital L.P. / GLP Financing II, Inc.	5.750%	06/01/2028	0.1%
BJ's Wholesale Club, Inc.	4.509%	02/03/2024	0.1%
Angolan Government International Bond	9.375%	05/08/2048	0.1%
Tenet Healthcare Corp.	6.750%	06/15/2023	0.1%
Royal Caribbean Cruises Ltd.	7.500%	10/15/2027	0.1%
Tullow Oil plc	7.000%	03/01/2025	0.1%
Wynn Macau Ltd.	5.500%	10/01/2027	0.1%
Bank of America Corp.	4.450%	03/03/2026	0.1%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	5.000%	06/01/2024	0.1%
Hudson Pacific Properties LP	3.950%	11/01/2027	0.1%
Mount Sinai Hospitals Group Inc	3.737%	07/01/2049	0.1%
Valeant Pharmaceuticals International, Inc.	8.500%	01/31/2027	0.1%
Roper Industries, Inc.	4.200%	09/15/2028	0.1%
DKT Finance ApS	9.375%	06/17/2023	0.1%
Honduras Government International Bond	6.250%	01/19/2027	0.1%
VeriSign, Inc.	4.750%	07/15/2027	0.1%
American Airlines, Inc.	3.450%	06/27/2025	0.1%
Tencent Holdings Ltd.	3.595%	01/19/2028	0.1%
Hasbro, Inc.	5.100%	05/15/2044	0.1%
Montefiore Obligated Group	5.246%	11/01/2048	0.1%
Best Buy Co., Inc.	4.450%	10/01/2028	0.1%
Teachers Insurance & Annuity Association of Americ	4.270%	05/15/2047	0.1%
Westpac Banking Corp.	4.110%	07/24/2034	0.1%
Kaiser Foundation Hospitals	4.150%	05/01/2047	0.1%
Goldman Sachs Group, Inc.	4.250%	10/21/2025	0.1%
Clear Channel Outdoor Holding	5.202%	08/09/2026	0.1%
IRB Holding Corp	6.750%	02/15/2026	0.1%
Wingstop Funding 2018-1 LLC	4.970%	12/05/2048	0.1%
TerraForm Power Operating LLC	4.750%	01/15/2030	0.1%
Home BancShares, Inc.	5.625%	04/15/2027	0.1%
Intelsat Jackson Holdings SA	8.500%	10/15/2024	0.1%
Entergy Arkansas, Inc.	4.000%	06/01/2028	0.1%
Central Japan Railway Co.	4.250%	11/24/2045	0.1%
Coty, Inc.	6.500%	04/15/2026	0.1%
Molina Healthcare, Inc.	4.875%	06/15/2025	0.1%
Brand Energy & Infrastructure Services Inc	8.500%	07/15/2025	0.1%
Allegheny Technologies, Inc.	7.875%	08/15/2023	0.1%
Entergy Mississippi, Inc.	2.850%	06/01/2028	0.1%
Bacardi Ltd.	2.750%	07/15/2026	0.1%
NextEra Energy Operating Partners LP	4.500%	09/15/2027	0.1%
Morgan Stanley	3.125%	07/27/2026	0.1%
Stena AB	7.000%	02/01/2024	0.1%
Navient Corp.	6.750%	06/15/2026	0.1%
San Jose Redev Agy, CA	2.259%	08/01/2020	0.1%
MGM Growth Properties Operating Partnership LP	3.895%	03/21/2025	0.1%
Florida Gas Transmission Co., LLC	4.350%	07/15/2025	0.1%
Miami Dade Cnty, FL	4.280%	10/01/2041	0.1%
Motorola Solutions, Inc.	4.600%	05/23/2029	0.1%
Silversea Cruise Finance Ltd.	7.250%	02/01/2025	0.1%
Trans Union LLC	3.452%	11/13/2026	0.1%
Salesforce.com, Inc.	3.700%	04/11/2028	0.1%
CSC Holdings LLC	10.875%	10/15/2025	0.1%
IRB Holding Corp.	5.216%	02/05/2025	0.1%
VEREIT Operating Partnership L.P.	4.875%	06/01/2026	0.1%
Revlon, Inc. Class A	5.409%	09/07/2023	0.1%
Sanderson Farms, Inc.	0.000%	-	0.1%
Portland, OR	7.701%	06/01/2022	0.1%
JPMorgan Chase & Co.	3.900%	07/15/2025	0.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines	8.750%	07/15/2026	0.1%
American Express Co.	3.400%	02/27/2023	0.1%
Entergy Arkansas, Inc.	4.950%	12/15/2044	0.1%
New York and Presbyterian Hospital/The	4.063%	08/01/2056	0.1%
Palmer Square Loan Funding 2018-1 Ltd	2.601%	04/15/2026	0.1%
Centene Corp.	4.250%	12/15/2027	0.1%
Greenko Solar Mauritius Ltd	5.950%	07/29/2026	0.1%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.1%
Univ of California Bd of Regents	6.548%	05/15/2048	0.1%
Provincia de Mendoza Argentina	8.375%	05/19/2024	0.1%
San Antonio, TX	5.718%	02/01/2041	0.1%
Planet Fitness Master Issuer LLC	4.262%	09/05/2048	0.1%
IFM US Colonial Pipeline 2 LLC	6.450%	05/01/2021	0.1%
Ashtead Capital, Inc.	4.250%	11/01/2029	0.1%
CF Trust 2019-BOSS	4.953%	12/15/2021	0.1%
Beyond Meat Inc	0.000%	-	0.1%
Valeant Pharmaceuticals International, Inc.	5.875%	05/15/2023	0.1%
Wabtec Corp.	3.450%	11/15/2026	0.1%
District of Columbia, DC	5.591%	12/01/2034	0.1%
United Airlines 2019-2 Class AA Pass Through Trust	2.700%	05/01/2032	0.1%
DexCom, Inc.	0.000%	-	0.1%
Target Corp.	0.000%	-	0.1%
CSAIL 2019-C18 Commercial Mortgage Trust	3.321%	12/15/2052	0.1%
Astoria Energy LLC	5.000%	12/24/2021	0.1%
Phillips 66 Partners LP	2.450%	12/15/2024	0.1%
BRF SA	4.875%	01/24/2030	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	6.250%	11/01/2028	0.1%
Dover Corp.	2.950%	11/04/2029	0.1%
Louisville Gas & Electric Co.	4.375%	10/01/2045	0.1%
Provincia de Cordoba	7.450%	09/01/2024	0.1%
VeriSign, Inc.	5.250%	04/01/2025	0.1%
Edgewater Generation LLC	5.452%	12/13/2025	0.1%
Hellenic Republic Government Bond	4.375%	08/01/2022	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.000%	12/01/2024	0.1%
PetSmart, Inc.	5.770%	03/11/2022	0.1%
Chobani LLC / Chobani Finance Corp Inc	7.500%	04/15/2025	0.1%
Popular, Inc.	6.125%	09/14/2023	0.1%
Texaco Capital, Inc.	8.625%	11/15/2031	0.1%
Aston Martin Capital Holdings Ltd.	5.750%	04/15/2022	0.1%
Dover Corp.	0.000%	-	0.1%
CMA CGM SA	5.250%	01/15/2025	0.1%
Transocean Pontus Ltd	6.125%	08/01/2025	0.1%
CDW Corp.	5.500%	12/01/2024	0.1%
MEG Energy Corp.	0.000%	-	0.1%
Chicago Transit Auth, IL	6.200%	12/01/2040	0.1%
Beazer Homes USA, Inc.	7.250%	10/15/2029	0.1%
DPL, Inc.	4.350%	04/15/2029	0.1%
Estee Lauder Cos., Inc.	0.000%	-	0.1%
Scientific Games International, Inc.	7.000%	05/15/2028	0.1%
Centene Corp.	4.625%	12/15/2029	0.1%
Scientific Games International, Inc.	7.250%	11/15/2029	0.1%
Perimeter Master Note Business Trust	4.230%	05/15/2024	0.1%
Indigo Natural Resources LLC	6.875%	02/15/2026	0.1%
SM Energy Co.	6.625%	01/15/2027	0.1%
FAGE International SA/ FAGE USA Dairy Industry Inc	5.625%	08/15/2026	0.1%
Chicago Transit Auth, IL	6.899%	12/01/2040	0.1%
Carlsberg A/S	0.000%	-	0.1%
Clearway Energy Operating LLC	5.750%	10/15/2025	0.1%
Oasis Petroleum, Inc.	6.250%	05/01/2026	0.1%
CSC Holdings LLC	5.750%	01/15/2030	0.1%
Farmers Insurance Exchange	4.747%	11/01/2057	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	04/01/2024	0.1%
Casey's General Stores, Inc.	0.000%	-	0.1%
HCA, Inc.	7.500%	02/15/2022	0.1%
Los Angeles Unif Sch Dist, CA	5.750%	07/01/2034	0.1%
Oasis Petroleum, Inc.	6.875%	01/15/2023	0.1%
SM Energy Co.	6.750%	09/15/2026	0.1%
Intuitive Surgical, Inc.	0.000%	-	0.1%
Budweiser Brewing Co APAC Ltd	0.000%	-	0.1%
Vulcan Materials Co.	4.500%	06/15/2047	0.1%
Westrock Co	0.000%	-	0.1%
Towd Point Mortgage Trust 2019-HY2	2.708%	05/25/2058	0.1%
BCD Acquisition, Inc.	9.625%	09/15/2023	0.1%
Province of Santa Fe	6.900%	11/01/2027	0.1%
Ultimate Software Group Inc	6.351%	05/04/2026	0.1%
Ohio Power Co.	4.000%	06/01/2049	0.1%
ONE Gas, Inc.	4.500%	11/01/2048	0.1%
Marble II Pte Ltd.	5.300%	06/20/2022	0.1%
Ashtead Capital, Inc.	4.375%	08/15/2027	0.1%
SolarEdge Technologies, Inc.	0.000%	-	0.1%
Electricite de France SA	4.500%	09/21/2028	0.1%
Empresa de Transmision Electrica SA	5.125%	05/02/2049	0.1%
Panera Bread Company	3.563%	07/18/2022	0.1%
Rio Oil Finance Trust Series 2018-1	8.200%	04/06/2028	0.1%
AI Candelaria Spain SLU	7.500%	12/15/2028	0.1%
Lam Research Corp.	0.000%	-	0.1%
JB y Co SA de CV	3.750%	05/13/2025	0.1%
Illinois Tool Works, Inc.	0.000%	-	0.1%
Lennar Corp.	4.750%	11/15/2022	0.1%
Northern Trust Corp.	0.000%	-	0.1%
Alexandria Real Estate Equities, Inc.	3.950%	01/15/2028	0.1%
Acwa Power Management And Investments One Ltd	5.950%	12/15/2039	0.1%
Delta 2 (Lux) S.a r.l (aka Formula One)	4.202%	02/01/2024	0.1%
Mohegan Tribal Gaming Authority	7.875%	10/15/2024	0.1%
NVA Holdings Inc	6.875%	04/01/2026	0.1%
Apple, Inc.	0.000%	-	0.1%
Endeavor Energy Resources L.P.	5.750%	01/30/2028	0.1%
Huntington Bancshares, Inc.	5.700%	12/31/2099	0.1%
IHS Markit Ltd	0.000%	-	0.1%
Aircastle Ltd.	4.250%	06/15/2026	0.1%
Cheniere Corpus Christi Holdings LLC	5.875%	03/31/2025	0.1%
Ivory Coast Govt Intl Bnd	5.875%	10/17/2031	0.1%
Murphy Oil USA, Inc.	4.750%	09/15/2029	0.1%
SPX FLOW, Inc.	5.875%	08/15/2026	0.1%
Puget Sound Energy, Inc.	4.223%	06/15/2048	0.1%
Las Vegas Sands Corp.	3.900%	08/08/2029	0.1%
Quicken Loans Inc	5.250%	01/15/2028	0.1%
Teachers Insurance & Annuity Association of Americ	4.900%	09/15/2044	0.1%
Tibco Software	5.780%	06/11/2026	0.1%
Freedom Mortgage Corp	8.250%	04/15/2025	0.1%
Jagged Peak Energy LLC	5.875%	05/01/2026	0.1%
PetSmart, Inc.	5.875%	06/01/2025	0.1%
NSG Holdings LLC / NSG Holdings, Inc.	7.750%	12/15/2025	0.1%
Energizer Holdings, Inc.	6.375%	07/15/2026	0.1%
KINGPIN INTERMEDIATE HO	5.814%	07/03/2024	0.1%
Oasis Petroleum, Inc.	6.875%	03/15/2022	0.1%
Kohl's Corp.	5.550%	07/17/2045	0.1%
Toll Brothers Finance Corp.	5.625%	01/15/2024	0.1%
Cable Onda SA	4.500%	01/30/2030	0.1%
Teledyne Technologies, Inc.	0.000%	-	0.1%
CSN Resources SA	7.625%	04/17/2026	0.1%
Cemig Geracao e Transmissao SA	9.250%	12/05/2024	0.1%
HCA, Inc.	7.690%	06/15/2025	0.1%
Spirit Realty LP	4.000%	07/15/2029	0.1%
Hillman Group, Inc.	6.375%	07/15/2022	0.1%
Hilton Domestic Operating Co, Inc.	4.875%	01/15/2030	0.1%
Visa, Inc.	3.150%	12/14/2025	0.1%
Xilinx, Inc.	2.950%	06/01/2024	0.1%
S.C. Johnson & Son, Inc.	4.750%	10/15/2046	0.1%
XPO Logistics, Inc.	0.000%	-	0.1%
LCPR Senior Secured Financing DAC	6.750%	10/15/2027	0.1%
Under Armour, Inc.	3.250%	06/15/2026	0.1%
Bermuda Government International Bond	4.138%	01/03/2023	0.1%
Calpine Corp.	5.750%	01/15/2025	0.1%
Weight Watchers International, Inc.	8.625%	12/01/2025	0.1%
Carlisle Cos., Inc.	0.000%	-	0.1%
Clear Channel Worldwide Holdings, Inc.	9.250%	02/15/2024	0.1%
Provincia de Cordoba	7.125%	06/10/2021	0.1%
Hercules Merger Sub LLC	4.531%	10/16/2026	0.1%
Murphy Oil Corp.	5.750%	08/15/2025	0.1%
Rede D'or Finance Sarl	4.950%	01/17/2028	0.1%
PepsiCo, Inc.	3.600%	03/01/2024	0.1%
Ausgrid Finance Pty Ltd	4.350%	08/01/2028	0.1%
British Airways 2019-1 Class A Pass Through Trust	3.350%	12/15/2030	0.1%
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC)	5.952%	09/25/2024	0.1%
Vistra Operations Co LLC	4.300%	07/15/2029	0.1%
Planet Fitness Master Issuer LLC	3.858%	12/05/2049	0.1%
Industrias Penoles SAB de CV	4.150%	09/12/2029	0.1%
AHP Health Partners Inc	9.750%	07/15/2026	0.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di	6.625%	05/15/2022	0.1%
Promontoria Holding 264 BV	6.750%	08/15/2023	0.1%
Hub International Ltd.	7.000%	05/01/2026	0.1%
Banco Mercantil del Norte SA/Grand Cayman	7.625%	07/06/2167	0.1%
Laredo Petroleum Holdings, Inc.	5.625%	01/15/2022	0.1%
Univision Communications, Inc.	5.125%	02/15/2025	0.1%
Ohio Univ	5.590%	12/01/2114	0.1%
CSC Holdings LLC	6.500%	02/01/2029	0.1%
Itron, Inc.	5.000%	01/15/2026	0.1%
Owens Corning	4.400%	01/30/2048	0.1%
Mattel, Inc.	6.750%	12/31/2025	0.1%
Atlantic City Electric Co.	4.000%	10/15/2028	0.1%
Kenya Government International Bond	8.250%	02/28/2048	0.1%
Kestrel Bidco Inc	5.266%	08/07/2026	0.1%
Netflix, Inc.	3.625%	06/15/2030	0.1%
Shea Homes LP / Shea Homes Funding Corp.	6.125%	04/01/2025	0.1%
DaVita, Inc.	5.000%	05/01/2025	0.1%
Black Hills Corp.	4.350%	05/01/2033	0.1%
Eldorado Resorts, Inc.	6.000%	09/15/2026	0.1%
OZLM Funding III Ltd	3.820%	01/22/2029	0.1%
ANZ New Zealand Int'l Ltd.	2.125%	07/28/2021	0.1%
Pennsylvania	5.450%	02/15/2030	0.1%
AbbVie, Inc.	4.250%	11/21/2049	0.1%
Boyd Gaming Corp.	6.000%	08/15/2026	0.1%
Ohio Power Co.	4.150%	04/01/2048	0.1%
Northwoods Capital Corp / Northwoods Capital Ltd	0.000%	01/25/2030	0.1%
Assurant, Inc.	3.700%	02/22/2030	0.1%
Everi Payments Inc	7.500%	12/15/2025	0.1%
Zoetis, Inc.	3.900%	08/20/2028	0.1%
Providence St Joseph Health Obligated Group	2.532%	10/01/2029	0.1%
Sealed Air Corp.	6.875%	07/15/2033	0.1%
Bermuda Government International Bond	4.750%	02/15/2029	0.1%
Callon Petroleum Co.	6.125%	10/01/2024	0.1%
EPR Properties	4.500%	06/01/2027	0.1%
Arch Capital Finance LLC	4.011%	12/15/2026	0.1%
MPT Operating Partnership L.P.	5.000%	10/15/2027	0.1%
Miami Dade Cnty, FL	3.982%	10/01/2041	0.1%
Aston Martin Capital Holdings Ltd	6.500%	04/15/2022	0.1%
Citigroup, Inc.	4.450%	09/29/2027	0.1%
Stars Group Holdings BV / Stars Group US Co-Borrow	7.000%	07/15/2026	0.1%
Motorola Solutions, Inc.	4.600%	02/23/2028	0.1%
Endeavor Energy Resources L.P.	5.500%	01/30/2026	0.1%
Bill Barrett Corp.	7.000%	10/15/2022	0.1%
Aegea Finance Sarl	5.750%	10/10/2024	0.1%
Port of Seattle, WA	3.755%	05/01/2036	0.1%
DaVita, Inc.	5.125%	07/15/2024	0.1%
Eoc Group Inc	4.952%	02/28/2025	0.1%
MHP Lux SA	6.950%	04/03/2026	0.1%
Allstate Corp.	3.280%	12/15/2026	0.1%
Liberty Property L.P.	4.375%	02/01/2029	0.1%
GOBP Holdings Inc.	5.389%	10/22/2025	0.1%
NYU Hospitals Center	4.368%	07/01/2047	0.1%
Memphis-Shelby Cnty Indus Dev Bd, TN	7.000%	07/01/2045	0.1%
Rochester Gas & Electric Corp.	3.100%	06/01/2027	0.1%
Crown Cork & Seal Co., Inc.	7.375%	12/15/2026	0.1%
Frontera Generation Hold	6.015%	05/02/2025	0.1%
Monongahela Pwr Co	3.550%	05/15/2027	0.1%
Electricite de France SA	3.625%	10/13/2025	0.1%
Goldman Sachs Group, Inc.	3.500%	11/16/2026	0.1%
BMW US Capital LLC	3.100%	04/12/2021	0.1%
j2 Cloud Services LLC / j2 Cloud Co-Obligor Inc	6.000%	07/15/2025	0.1%
Berry Petroleum Co.	7.000%	02/15/2026	0.1%
Darden Restaurants, Inc.	4.550%	02/15/2048	0.1%
Toll Brothers Finance Corp.	4.875%	03/15/2027	0.1%
China Railway Xunjie Co Ltd	3.250%	07/28/2026	0.1%
Asbury Automotive Group, Inc.	6.000%	12/15/2024	0.1%
Griffon Corp.	5.250%	03/01/2022	0.1%
JPMorgan Chase & Co.	6.100%	12/31/2099	0.1%
U.S. Bancorp	3.000%	07/30/2029	0.1%
Waste Pro USA Inc	5.500%	02/15/2026	0.1%
FMC Corp.	3.450%	10/01/2029	0.1%
Ritchie Bros Auctioneers, Inc.	5.375%	01/15/2025	0.1%
OCI NV	6.625%	04/15/2023	0.1%
Targa Resources Partners L.P.	5.875%	04/15/2026	0.1%
Arizona Public Service Co.	2.950%	09/15/2027	0.1%
New York City	5.985%	12/01/2036	0.1%
GCI LLC	6.875%	04/15/2025	0.1%
Rain CII Carbon LLC	7.250%	04/01/2025	0.1%
Siemens Financial Services, Inc.	3.250%	05/27/2025	0.1%
Adani Transmission Ltd	4.250%	05/21/2036	0.1%
Mountain View CLO X Ltd	3.351%	10/13/2027	0.1%
Goodman US Finance Four LLC	4.500%	10/15/2037	0.1%
Cliffs Natural Resources, Inc.	5.750%	03/01/2025	0.1%
Cheniere Energy Partners LP	5.250%	10/01/2025	0.1%
JetBlue 2019-1 Class A Pass Through Trust	2.950%	05/15/2028	0.1%
Wyndham Worldwide Corp.	6.350%	10/01/2025	0.1%
AES Corp.	5.125%	09/01/2027	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.750%	10/01/2025	0.1%
BBA US Holdings Inc	5.375%	05/01/2026	0.1%
Navistar International Corp.	6.625%	11/01/2025	0.1%
MGIC Investment Corp.	5.750%	08/15/2023	0.1%
Lamb Weston Holdings, Inc.	4.625%	11/01/2024	0.1%
Warrior Met Coal Inc	8.000%	11/01/2024	0.1%
Norbord, Inc.	6.250%	04/15/2023	0.1%
INTRAWEST RESORTS HLDGS INC	4.452%	07/31/2024	0.1%
Doncasters US Finance LLC (Doncasters US LLC)	5.604%	04/09/2020	0.1%
Valeant Pharmaceuticals International, Inc.	7.000%	03/15/2024	0.1%
Oklahoma Gas and Electric	4.150%	04/01/2047	0.1%
Dominion Gas Holdings LLC	3.600%	12/15/2024	0.1%
AES Corp.	4.500%	03/15/2023	0.1%
JPMorgan Chase & Co.	3.540%	05/01/2028	0.1%
Autopistas del Sol SA/Costa Rica	7.375%	12/30/2030	0.1%
General Electric Co.	3.150%	09/07/2022	0.1%
Brooklyn Union Gas Co.	3.407%	03/10/2026	0.1%
Fifth Third Bank	8.250%	03/01/2038	0.1%
Lower Cadence Holdings L	5.702%	05/08/2026	0.1%
PG&E Corp	5.029%	12/31/2020	0.1%
PCI Gaming Authority	4.702%	05/15/2026	0.1%
Entergy Louisiana LLC	4.000%	03/15/2033	0.1%
Sirius XM Radio, Inc.	5.000%	08/01/2027	0.1%
Jamestown CLO VII Ltd.	3.590%	07/25/2027	0.1%
Allegion plc	3.500%	10/01/2029	0.1%
Gibson Brands, Inc	0.000%	-	0.1%
Go Daddy Operating Co LLC / GD Finance Co Inc	5.250%	12/01/2027	0.1%
Lightstone Holdco LLC	5.452%	01/30/2024	0.1%
United Rentals, Inc.	4.625%	10/15/2025	0.1%
Tenet Healthcare Corp.	4.875%	01/01/2026	0.1%
Dayton Power & Light Co.	3.950%	06/15/2049	0.1%
Oklahoma Gas and Electric	3.850%	08/15/2047	0.1%
Power Finance Corp Ltd	3.750%	12/06/2027	0.1%
Cheniere Corpus Christi Holdings LLC	3.700%	11/15/2029	0.1%
Southern Graphics Inc	4.952%	12/31/2022	0.1%
Suriname Government International Bond	9.250%	10/26/2026	0.1%
Sirius XM Radio, Inc.	5.375%	07/15/2026	0.1%
Murphy Oil Corp.	6.875%	08/15/2024	0.1%
The Bd of Governors of the Univ of North Carolina	3.847%	12/01/2034	0.1%
Ahern Rentals, Inc.	7.375%	05/15/2023	0.1%
DTE Energy Co.	2.600%	06/15/2022	0.1%
Ford Motor Credit Co. LLC	3.810%	01/09/2024	0.1%
Watco Cos. LLC / Watco Finance Corp.	6.375%	04/01/2023	0.1%
Gray Television, Inc.	5.875%	07/15/2026	0.1%
Cleveland Clinic	4.858%	01/01/2114	0.1%
Netflix, Inc.	3.875%	11/15/2029	0.1%
Cloud Crane LLC	10.125%	08/01/2024	0.1%
Southern Star Central Corp.	5.125%	07/15/2022	0.1%
Transocean Proteus Ltd.	6.250%	12/01/2024	0.1%
Cheniere Corpus Christi Holdings LLC	7.000%	06/30/2024	0.1%
Autoridad del Canal de Panama	4.950%	07/29/2035	0.1%
Republic of Chile	3.500%	01/25/2050	0.1%
Yak Access LLC	6.702%	07/11/2025	0.1%
Ascension Health	3.945%	11/15/2046	0.1%
Wabtec Corp.	4.700%	09/15/2028	0.1%
ProLogis, Inc.	3.875%	09/15/2028	0.1%
EPR Properties	4.750%	12/15/2026	0.1%
Oceaneering International, Inc.	4.650%	11/15/2024	0.1%
Iridium Satellite LLC	5.452%	10/17/2026	0.1%
Empresas Publicas de Medellin ESP	4.250%	07/18/2029	0.1%
Sierra Pac Power Co.	2.600%	05/01/2026	0.1%
Claire's Stores, Inc.	0.000%	-	0.1%
Rumo Luxembourg Sarl	7.375%	02/09/2024	0.1%
Palmer Square Loan Funding 2018-1 Ltd	3.051%	04/15/2026	0.1%
Pharmaceutical Product Development LLC	6.375%	08/01/2023	0.1%
Commercial Barge Line	10.676%	11/12/2020	0.1%
Brown-Forman Corp.	3.500%	04/15/2025	0.1%
Los Angeles, CA	5.575%	05/15/2020	0.1%
Wyndham Worldwide Corp.	5.750%	04/01/2027	0.1%
Centene Corp.	4.750%	01/15/2025	0.1%
Performance Food Group, Inc.	5.500%	10/15/2027	0.1%
Novelis Corp.	5.875%	09/30/2026	0.1%
Lennar Corp.	4.750%	05/30/2025	0.1%
AerCap Ireland Capital Ltd.	3.650%	07/21/2027	0.1%
Xylem, Inc.	3.250%	11/01/2026	0.1%
SPX FLOW, Inc.	5.625%	08/15/2024	0.1%
British Airways 2018-1 Class A Pass Through Trust	4.125%	09/20/2031	0.1%
Hudson Pacific Properties LP	4.650%	04/01/2029	0.1%
Valeant Pharmaceuticals International, Inc.	6.125%	04/15/2025	0.1%
Air Canada Class A Pass Through Certificates	4.125%	05/15/2025	0.1%
Targa Resources Partners L.P.	4.250%	11/15/2023	0.1%
Moxie Patriot LLC	7.392%	12/19/2020	0.1%
Citigroup Commercial Mortgage Trust 2016-P3	2.804%	04/15/2049	0.1%
TCF Auto Receivables Owner Trust 2016-1	2.320%	06/15/2022	0.1%
DG Investment Intermediate Holdings 2, Inc. (aka Convergint Technologies Holdings, LLC)	4.702%	02/03/2025	0.1%
TIAA Asset Management Finance Co. LLC	4.125%	11/01/2024	0.1%
Adani Renewable Energy RJ Ltd/Kodangal Solar Parks	4.625%	10/15/2039	0.1%
Associated Banc-Corp.	4.250%	01/15/2025	0.1%
Berkshire Hathaway, Inc.	3.125%	03/15/2026	0.1%
Honolulu City & Cnty, HI	5.418%	12/01/2027	0.1%
NRG Energy, Inc.	5.250%	06/15/2029	0.1%
Lennar Corp.	4.750%	11/29/2027	0.1%
OHA Loan Funding Ltd.	0.000%	11/15/2032	0.1%
Berkshire Hathaway, Inc.	2.750%	03/15/2023	0.1%
FX USD/JPY 01/20	0.000%	01/08/2020	0.1%
Goodman US Finance Three LLC	3.700%	03/15/2028	0.1%
Industrias Penoles SAB de CV	5.650%	09/12/2049	0.1%
TerraForm Power Operating LLC	5.000%	01/31/2028	0.1%
ITR Concession Co LLC	5.183%	07/15/2035	0.1%
Dignity Health	3.812%	11/01/2024	0.0%
Southwestern Energy Co.	6.200%	01/23/2025	0.0%
CIT Group, Inc.	5.250%	03/07/2025	0.0%
Massachusetts	4.200%	12/01/2021	0.0%
Eldorado Resorts, Inc.	6.000%	04/01/2025	0.0%
Ohio St Univ	4.048%	12/01/2056	0.0%
Jacobs Entertainment, Inc.	7.875%	02/01/2024	0.0%
Port of Seattle, WA	3.571%	05/01/2032	0.0%
Cedar Funding VI CLO Ltd	4.966%	10/20/2028	0.0%
Wisconsin	3.294%	05/01/2037	0.0%
UC Holdings	0.000%	-	0.0%
Joseph T Ryerson & Son, Inc.	11.000%	05/15/2022	0.0%
United Rentals, Inc.	5.875%	09/15/2026	0.0%
Cliffs Natural Resources, Inc.	5.875%	06/01/2027	0.0%
Gray Television, Inc.	5.125%	10/15/2024	0.0%
IHS Markit Ltd	4.250%	05/01/2029	0.0%
Trivium Packaging Finance BV	5.500%	08/15/2026	0.0%
Atrium XV	4.934%	01/23/2031	0.0%
HCA, Inc.	7.580%	09/15/2025	0.0%
Claire's Stores, Inc.	14.000%	09/05/2038	0.0%
Transocean Phoenix 2 Ltd.	7.750%	10/15/2024	0.0%
Energy East Corp.	3.800%	06/01/2029	0.0%
Sound Point CLO XI Ltd.	4.916%	07/20/2028	0.0%
Ancestry.com Inc.	6.168%	08/27/2026	0.0%
Alexandria Real Estate Equities, Inc.	3.800%	04/15/2026	0.0%
ACC Trust 2018-1	4.820%	05/20/2021	0.0%
THL Credit Wind River 2018-3 CLO Ltd	4.916%	01/20/2031	0.0%
Mariner Clo 2017-4 Ltd	4.986%	10/26/2029	0.0%
AerCap Ireland Capital Ltd.	4.450%	04/03/2026	0.0%
General Electric Co.	3.410%	03/15/2023	0.0%
Netflix, Inc.	5.500%	02/15/2022	0.0%
CF Industries, Inc.	5.150%	03/15/2034	0.0%
Halcyon Loan Advisors Funding Ltd.	4.090%	07/25/2027	0.0%
San Francisco City & Cnty, CA	5.450%	06/15/2025	0.0%
ACC Trust 2018-1	6.810%	02/21/2023	0.0%
Galaxy XXI CLO Ltd	2.986%	04/20/2031	0.0%
Panda Power Funds	6.750%	12/19/2020	0.0%
Palmer Square Loan Funding 2018-1 Ltd	3.401%	04/15/2026	0.0%
Surgery Center Holdings, Inc.	10.000%	04/15/2027	0.0%
Ashtead Capital, Inc.	5.250%	08/01/2026	0.0%
State of Connecticut Bradley International Airport	4.282%	07/01/2045	0.0%
Cent CLO Ltd.	5.136%	07/27/2030	0.0%
West CLO 2014-2 Ltd	3.751%	01/16/2027	0.0%
British Airways 2018-1 Class AA Pass Through Trust	3.800%	09/20/2031	0.0%
Harbor Park CLO 18-1 Ltd	4.866%	01/20/2031	0.0%
Hadrian Merger Sub Inc	8.500%	05/01/2026	0.0%
Claire's Stores, Inc.	0.000%	10/12/2038	0.0%
HCA, Inc.	7.050%	12/01/2027	0.0%
PG&E Corp	5.029%	12/31/2020	0.0%
BlueMountain CLO XXIII Ltd	4.866%	10/20/2031	0.0%
Madison Park Funding XIV Ltd	4.903%	10/22/2030	0.0%
Octagon Investment Partners 39 Ltd	4.916%	10/20/2030	0.0%
KVK CLO 2013-1 Ltd	3.451%	01/14/2028	0.0%
AMMC CLO XII Ltd	4.601%	11/10/2030	0.0%
CF Industries, Inc.	4.950%	06/01/2043	0.0%
HCA, Inc.	8.360%	04/15/2024	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Cedar Funding VI CLO Ltd	3.566%	10/20/2028	0.0%
KKR CLO Ltd.	5.153%	01/18/2032	0.0%
AMMC CLO 15 Ltd	5.401%	01/15/2032	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Mariner CLO 2015-1 LLC	5.616%	04/20/2029	0.0%
Regatta VI Funding Ltd	4.666%	07/20/2028	0.0%
Angolan Government International Bond	8.250%	05/09/2028	0.0%
Ukraine Government	7.375%	09/25/2032	0.0%
ION Media	0.000%	-	0.0%
Extraction Oil & Gas Inc	7.375%	05/15/2024	0.0%
Eoc Group Inc	3.439%	02/26/2026	0.0%
Battalion CLO VII Ltd	4.932%	07/17/2028	0.0%
Ascentium Equipment Receivables 2016-2 Trust	2.500%	09/12/2022	0.0%
FX USD/EUR 12/19	0.000%	12/09/2019	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Credit Default Swap	1.000%	06/20/2020	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
FGI Operating Company, LLC	0.000%	05/15/2022	0.0%
DOMMO ENERGIA SA-SP ADR	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Lightstone Holdco LLC	5.452%	01/30/2024	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Chaparral Energy, Inc.	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Eneva SA	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
FX USD/AUD 02/20	0.000%	02/24/2020	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
FX USD/EUR 12/19	0.000%	12/09/2019	0.0%
Templar Energy LLC	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
FX USD/DKK 12/19	0.000%	12/13/2019	0.0%
FX USD/DKK 12/19	0.000%	12/13/2019	0.0%
Mirabela Nickel Ltd.	1.000%	09/16/2044	0.0%
OGX Austria GmbH	8.500%	06/01/2019	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Templar Energy LLC	0.000%	-	0.0%
US 10YR NOTE (CBT)MAR20	0.000%	03/31/2020	0.0%
Washington Mutual, Inc.	6.875%	06/15/2011	0.0%
EURO-BOBL FUT DEC19	0.000%	12/10/2019	0.0%
FX EUR/USD 12/19	0.000%	12/09/2019	0.0%
FX USD/DKK 12/19	0.000%	12/13/2019	0.0%
General Motors Corp. NCV Escrow 8.375% 7/15/2033	8.375%	07/15/2033	0.0%
Hellas II	0.000%	01/15/2015	0.0%
US 10YR ULTRA FUT MAR20	0.000%	03/31/2020	0.0%
US 5YR NOTE (CBT) MAR20	0.000%	04/03/2020	0.0%
US LONG BOND(CBT) MAR20	0.000%	03/31/2020	0.0%
US ULTRA BOND CBT MAR20	0.000%	03/31/2020	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
FX EUR/USD 12/19	0.000%	12/09/2019	0.0%
FX EUR/USD 12/19	0.000%	12/09/2019	0.0%
US 2YR NOTE (CBT) MAR20	0.000%	04/03/2020	0.0%
FX EUR/USD 12/19	0.000%	12/09/2019	0.0%
FX EUR/USD 12/19	0.000%	12/09/2019	0.0%
FX EUR/USD 12/19	0.000%	12/09/2019	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
FX EUR/USD 12/19	0.000%	12/09/2019	0.0%
FX USD/GBP 12/19	0.000%	12/05/2019	0.0%
Credit Index Swap	1.000%	12/20/2024	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Credit Index Swap	1.000%	12/20/2024	0.0%

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

Dividend Payments

For

YTD Dividends Paidas of 01/17/2020: $0
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	12/31/2019	$0.02554	$8.12
Daily	Daily	11/30/2019	$0.02594	$8.03
Daily	Daily	10/31/2019	$0.02638	$8.04
Daily	Daily	09/30/2019	$0.02675	$8.05
Daily	Daily	08/31/2019	$0.02748	$8.11
Daily	Daily	07/31/2019	$0.02746	$8.10
Daily	Daily	06/30/2019	$0.02796	$8.07
Daily	Daily	05/31/2019	$0.02786	$7.89
Daily	Daily	04/30/2019	$0.02850	$7.93
Daily	Daily	03/31/2019	$0.02929	$7.87
Daily	Daily	02/28/2019	$0.02986	$7.78
Daily	Daily	01/31/2019	$0.03038	$7.70

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	01/31/2020
Daily	Daily	02/29/2020
Daily	Daily	03/31/2020
Daily	Daily	04/30/2020
Daily	Daily	05/31/2020
Daily	Daily	06/30/2020
Daily	Daily	07/31/2020
Daily	Daily	08/31/2020
Daily	Daily	09/30/2020
Daily	Daily	10/31/2020
Daily	Daily	11/30/2020
Daily	Daily	12/31/2020

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/17/2018	12/18/2018	$0.0841	-	$0.0841	$7.53
07/30/2018	07/31/2018	-	$0.0398	$0.0398	$7.96

Taxed as ordinary income

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

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
07/30/2020	07/31/2020

Fees & Expenses

Expense Ratioas of 12/31/2019

0.69%

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	Prospectus (XBRL) Publish Date:11/03/2015
	SAI Publish Date:11/03/2015
	Annual Report Publish Date:11/03/2015
	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Fixed Income Combo Flyer Publish Date:11/03/2015
n/a	Capital Markets Presentation Publish Date:11/03/2015

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

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.

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.

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 your investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Longer-term debt securities are usually more sensitive to interest-rate changes; the longer the maturity of a security, the greater the effect a change in interest rates is likely to have on its price. The Fund may make substantial investments in high-yield debt securities and may invest in senior loans which may be primarily below-investment-grade. High-yield securities, sometimes called junk bonds, carry increased risks of price volatility, illiquidity, and the possibility of default in timely payment of interest and expenses. The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies and/or sectors in the economy. Convertible securities are subject to the risks affecting both equity and fixed-income securities, including market, credit, liquidity, and interest rate 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 F - The inception date for Class F shares is September 28, 2007. The performance quotations for Class F are based on the following methods of calculation: (a) for periods prior to September 28, 2007, a restated figure is used based on the Fund's Class I performance, which does not have a 12b-1 fee, adjusted to reflect the Rule 12b-1 rate differential between Class I and Class F; and (b) for periods after September 28, 2007, actual Class F performance is used reflecting all charges and fees applicable to Class F shares.

Class F shares are available only to eligible fee-based advisory programs and certain registered investment advisers. For additional information, see the Fund’s current prospectus.

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

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

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

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

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

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

The 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.

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Summary

Summary

What is the Bond Debenture Fund?

The Fund seeks to deliver high current income and long-term growth of capital by investing primarily in a variety of fixed income securities and select equity-related securities.

A PIONEER IN MULTI-SECTOR

A FLEXIBLE APPROACH

TIME-TESTED RESULTS

Yield

Dividend Yield 1 as of 01/17/2020

30-Day Standardized Yield 2 as of 12/31/2019

Fund Basicsas of 12/31/2019

Fund Expense Ratio :

0.69%

Fund Expense Ratio :

0.69%

Fund Expense Ratio :

0.69%

Fund Expense Ratio :

0.69%

RELATED CONTENT

Credit Quality Distribution as of 12/31/2019 View Portfolio

INVESTMENT TEAM

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 01/17/2020

30-Day Standardized Yield 2 as of 12/31/2019

Fund Expense Ratio :

0.69%

Fund Expense Ratio :

0.69%

Fund Expense Ratio :

0.69%

Fund Expense Ratio :

0.69%

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 12/31/2019

Portfolio Positioning as of 12/31/2019

Portfolio Details as of 12/31/2019

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Upcoming Capital Gain Distribution

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2019

Fund Documents

Dividend Yield ¹ as of 01/17/2020

30-Day Standardized Yield ² as of 12/31/2019

Dividend Yield ¹ as of 01/17/2020

30-Day Standardized Yield ² as of 12/31/2019