Bond Debenture Fund

LBDFX

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Daily price w/o sales charge as of 11/18/2019

$8.02

$0.00

YTD Returns w/o sales charge as of 11/18/2019

11.75%

Overall Morningstar Ratings

Multisector Bond

as of 10/31/2019

Morningstar rated the Lord Abbett Bond Debenture Fund class F share 5, 5 and 5 stars among 273, 224 and 117 Multisector Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 10/31/2019, respectively.

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

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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 11/18/2019

w/o sales charge

3.95%

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

3.24%

Fund Basicsas of 10/31/2019

Total Net Assets: $15.55 B
Inception Date: 09/28/2007
Dividend Frequency: Monthly
Fund Expense Ratio: 0.69%
Number of Holdings: 785

Fund Expense Ratio :

0.69%

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

w/o sales charge	11.81%	9.16%	6.09%	5.27%	7.43%	6.43%
Lipper Category Avg. Multi-Sector Income Funds	8.75%	8.11%	4.30%	3.49%	5.28%	-
Bloomberg Barclays U.S. Aggregate Bond Index	8.85%	11.51%	3.29%	3.24%	3.73%	4.28%

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	11.58%	6.12%	5.88%	5.49%	7.52%	6.45%
Lipper Category Avg. Multi-Sector Income Funds	8.37%	6.64%	4.12%	3.55%	5.33%	-
Bloomberg Barclays U.S. Aggregate Bond Index	8.52%	10.30%	2.92%	3.38%	3.75%	4.29%

Fund Expense Ratio :

0.69%

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

Credit Quality Distribution as of 10/31/2019 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 15 Years Avg. Industry Experience

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Performance

Dividend Yield ¹ as of 11/18/2019

w/o sales charge

3.95%

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

	Subsidized³	Un-Subsidized⁴
w/o sales charge	3.24%	3.24%

Fund Expense Ratio :

0.69%

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

w/o sales charge	11.81%	9.16%	6.09%	5.27%	7.43%	6.43%
Lipper Category Avg. Multi-Sector Income Funds	8.75%	8.11%	4.30%	3.49%	5.28%	-
Bloomberg Barclays U.S. Aggregate Bond Index	8.85%	11.51%	3.29%	3.24%	3.73%	4.28%

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	11.58%	6.12%	5.88%	5.49%	7.52%	6.45%
Lipper Category Avg. Multi-Sector Income Funds	8.37%	6.64%	4.12%	3.55%	5.33%	-
Bloomberg Barclays U.S. Aggregate Bond Index	8.52%	10.30%	2.92%	3.38%	3.75%	4.29%

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

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%	5.93%
2008	-20.17%	-
2007	5.28%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2019	6.86%	3.63%	0.76%	-	11.75%
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
Sovereign
Non-U.S. High Yield Corporate
Equity
Bank Loans
U.S. Government Related
Municipals
CMBS
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 10/31/2019

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

Portfolio Positioning as of 9/30/2019

From a sector standpoint, we have been shifting the portfolio from defensive to cyclical sectors—adding energy, industrial, building products, and automotive issues, and reducing healthcare and media holdings.
We decreased the portfolio’s equity exposure and increased the allocation to mortgage backed securities over the quarter as we saw attractive valuations given relatively elevated spread levels.
In terms of ratings, we have been reducing the portfolio’s holdings of BB-rated debt, as we view BBs as the most overpriced category in high yield, and rotating into BBB-rated credits.
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 10/31/2019

Total Net Assets: $15.55 B
Number of Issues: 785
Average Coupon: 4.78%
Average Life: 9.39 Years
Average Maturity: 10.38 Years
Average Effective Duration: 4.51 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 NOV	3.500%	02/01/2049	6.8%
U.S. Treasury Note/Bond	2.750%	08/31/2023	4.2%
30-YR UMBS-TBA PROD NOV	4.500%	02/01/2049	3.8%
Japan Treasury Discount Bill	0.000%	01/08/2020	2.0%
30-YR UMBS-TBA PROD NOV	3.000%	06/01/2049	1.5%
Ford Motor Credit Co. LLC	5.584%	03/18/2024	0.9%
PG&E Corp	3.875%	04/27/2021	0.7%
Sprint Capital Corp.	6.875%	11/15/2028	0.7%
U.S. Treasury Note/Bond	2.250%	08/15/2049	0.7%
DISH DBS Corp.	7.750%	07/01/2026	0.6%

% of Total Assets			21.9%

Holding	Coupon	Maturity	Assets

30-YR UMBS-TBA PROD OCT	3.500%	01/01/2049	6.9%
U.S. Treasury Note/Bond	2.750%	08/31/2023	5.9%
30-YR UMBS-TBA PROD OCT	4.500%	01/01/2049	3.9%
30-YR UMBS-TBA PROD OCT	3.000%	04/01/2049	1.5%
Ford Motor Credit Co. LLC	5.584%	03/18/2024	0.9%
PG&E Corp	3.875%	04/27/2021	0.7%
DISH DBS Corp.	7.750%	07/01/2026	0.7%
J.P.Morgan Securities LLC	0.010%	-	0.7%
Sprint Capital Corp.	6.875%	11/15/2028	0.6%
U.S. Treasury Note/Bond	2.250%	08/15/2049	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.125%	05/01/2027	0.6%
Permanent Univ Fnd - Texas A&M Univ Sys	3.660%	07/01/2047	0.5%
Saudi Arabian Oil Co	4.375%	04/16/2049	0.5%
Tesla Motors, Inc.	5.300%	08/15/2025	0.5%
Shake Shack, Inc.	0.000%	-	0.4%
Verizon Communications, Inc.	2.625%	08/15/2026	0.4%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	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%
J.P.Morgan Securities LLC	0.010%	-	0.4%
Province of Ontario, Canada	2.550%	02/12/2021	0.4%
Bank of America Corp.	2.369%	07/21/2021	0.4%
Continental Resources, Inc.	4.900%	06/01/2044	0.4%
Japan Bank for International Cooperation/Japan	3.125%	07/20/2021	0.4%
Netflix, Inc.	3.625%	05/15/2027	0.3%
Intesa Sanpaolo SpA	5.710%	01/15/2026	0.3%
Abu Dhabi Government International Bond	3.125%	05/03/2026	0.3%
Ally Financial, Inc.	8.000%	11/01/2031	0.3%
Numericable Group S.A.	7.375%	05/01/2026	0.3%
NRG Energy, Inc.	5.750%	01/15/2028	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%
Enel Finance International N.V.	3.500%	04/06/2028	0.3%
Newell Rubbermaid, Inc.	4.200%	04/01/2026	0.3%
American Tower Corp.	2.950%	01/15/2025	0.3%
Starbucks Corp.	4.450%	08/15/2049	0.3%
Goldman Sachs Group, Inc.	3.696%	04/26/2022	0.3%
Calpine Corp.	5.750%	01/15/2025	0.3%
Global Bank Corp.	5.250%	04/16/2029	0.3%
Microsoft Corp.	3.125%	11/03/2025	0.3%
Shell International Finance BV	6.375%	12/15/2038	0.3%
Pasadena Public Fing Auth	7.148%	03/01/2043	0.3%
WeWork Cos Inc	7.875%	05/01/2025	0.3%
Ukraine Government	7.375%	09/25/2032	0.3%
HCA, Inc.	5.500%	06/15/2047	0.3%
Saudi Arabian Oil Co	2.750%	04/16/2022	0.3%
Equinix, Inc.	2.875%	02/01/2026	0.3%
Match Group, Inc.	5.000%	12/15/2027	0.3%
Cenovus Energy, Inc.	5.400%	06/15/2047	0.3%
Egypt Government International Bond	5.577%	02/21/2023	0.3%
General Electric Co.	2.700%	10/09/2022	0.3%
Lululemon Athletica, Inc.	0.000%	-	0.3%
Hardee's Funding LLC	4.959%	06/20/2048	0.3%
Apple, Inc.	0.000%	-	0.3%
Diamond Sports Group LLC / Diamond Sports Finance	5.375%	08/15/2026	0.3%
California St Univ	3.899%	11/01/2047	0.3%
Brown-Forman Corp.	0.000%	-	0.3%
Hess Corp.	5.600%	02/15/2041	0.2%
British Airways 2019-1 Class AA Pass Through Trust	3.300%	12/15/2032	0.2%
Santander UK Group Holdings plc	4.750%	09/15/2025	0.2%
Sanderson Farms, Inc.	0.000%	-	0.2%
Dominican Republic International Bond	6.400%	06/05/2049	0.2%
Smithfield Foods, Inc.	5.200%	04/01/2029	0.2%
Benchmark 2019-B12 Mortgage Trust	4.388%	08/15/2052	0.2%
Ziggo BV	5.500%	01/15/2027	0.2%
Azul Investments LLP	5.875%	10/26/2024	0.2%
Republic of South Africa	4.300%	10/12/2028	0.2%
Amazon.com, Inc.	4.800%	12/05/2034	0.2%
NextEra Energy Operating Partners LP	3.875%	10/15/2026	0.2%
CIT Group, Inc.	6.125%	03/09/2028	0.2%
Bacardi Ltd.	4.700%	05/15/2028	0.2%
Province of British Columbia, Canada	2.850%	06/18/2025	0.2%
TransDigm, Inc.	6.375%	06/15/2026	0.2%
Franco-Nevada Corp.	0.000%	-	0.2%
United Technologies Corp.	4.125%	11/16/2028	0.2%
Hudson Pacific Properties LP	3.250%	01/15/2030	0.2%
Midwest Connector Capital Co LLC	4.625%	04/01/2029	0.2%
Macquarie Bank Ltd./London	6.125%	03/08/2167	0.2%
NGPL Pipeco LLC	4.875%	08/15/2027	0.2%
Memorial Sloan-Kettering Cancer Center	4.200%	07/01/2055	0.2%
Bombardier, Inc.	7.500%	03/15/2025	0.2%
Sprint Corp.	7.625%	03/01/2026	0.2%
ABN Amro Bank NV	4.750%	07/28/2025	0.2%
Leggett & Platt, Inc.	4.400%	03/15/2029	0.2%
AIB Group PLC	4.750%	10/12/2023	0.2%
TransDigm, Inc.	6.250%	03/15/2026	0.2%
Abu Dhabi Crude Oil Pipeline LLC	4.600%	11/02/2047	0.2%
Western Digital Corp.	4.750%	02/15/2026	0.2%
Bank of Ireland Group PLC	4.500%	11/25/2023	0.2%
CNAC HK Finbridge Co Ltd	4.125%	07/19/2027	0.2%
Seven & I Holdings Co., Ltd	3.350%	09/17/2021	0.2%
MEG Energy Corp.	6.500%	01/15/2025	0.2%
Cheniere Energy Partners LP	4.500%	10/01/2029	0.2%
KLA-Tencor Corp.	4.100%	03/15/2029	0.2%
Paraguay Government International Bond	5.600%	03/13/2048	0.2%
Spirit Realty LP	3.400%	01/15/2030	0.2%
Edwards Lifesciences Corp.	4.300%	06/15/2028	0.2%
Plains All American Pipeline L.P.	6.125%	12/31/2099	0.2%
NVIDIA Corp.	3.200%	09/16/2026	0.2%
Estee Lauder Cos., Inc.	0.000%	-	0.2%
IHS Markit Ltd	4.000%	03/01/2026	0.2%
Amazon.com, Inc.	3.150%	08/22/2027	0.2%
Government of Jamaica	8.000%	03/15/2039	0.2%
Amphenol Corp.	2.800%	02/15/2030	0.2%
MEG Energy Corp.	7.000%	03/31/2024	0.2%
Northwestern Mutual Life Insurance Co/The	3.850%	09/30/2047	0.2%
Teledyne Technologies, Inc.	0.000%	-	0.2%
Hess Corp.	5.800%	04/01/2047	0.2%
Vulcan Materials Co.	0.000%	-	0.2%
CSC Holdings LLC	5.500%	04/15/2027	0.2%
Scotts Miracle-Gro Co.	0.000%	-	0.2%
Vietnam (Socialist Republic of)	4.800%	11/19/2024	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%
Altice Financing S.A.	7.500%	05/15/2026	0.2%
Transportadora de Gas Internacional SA ESP	5.550%	11/01/2028	0.2%
Fidelity National Financial Group	4.500%	08/15/2028	0.2%
Pulte Group, Inc.	6.375%	05/15/2033	0.2%
New York City Indl Dev Agy	11.000%	03/01/2029	0.2%
Numericable Group S.A.	8.125%	02/01/2027	0.2%
Qatar Government International Bond	3.250%	06/02/2026	0.2%
Webster Financial Corp.	4.100%	03/25/2029	0.2%
Neuberger Berman Group LLC	4.875%	04/15/2045	0.2%
Aeropuerto Internacional de Tocumen SA	6.000%	11/18/2048	0.2%
Global Aircraft Leasing Co Ltd	6.500%	09/15/2024	0.2%
NRG Energy, Inc.	3.750%	06/15/2024	0.2%
Enel Finance International N.V.	2.650%	09/10/2024	0.2%
Microsoft Corp.	3.300%	02/06/2027	0.2%
Apple, Inc.	3.000%	06/20/2027	0.2%
Compass Bank	3.875%	04/10/2025	0.2%
AIB Group PLC	4.263%	04/10/2025	0.2%
PartnerRe Finance B LLC	3.700%	07/02/2029	0.2%
Development Bank of Mongolia LLC	7.250%	10/23/2023	0.2%
Brink's Co/The	4.625%	10/15/2027	0.2%
Tenet Healthcare Corp.	6.250%	02/01/2027	0.2%
Autodesk, Inc.	3.500%	06/15/2027	0.2%
AMC Networks, Inc.	4.750%	08/01/2025	0.2%
Microsoft Corp.	4.500%	02/06/2057	0.2%
Australian Government	4.250%	04/21/2026	0.2%
Micron Technology, Inc.	5.327%	02/06/2029	0.2%
Huntington National Bank	3.125%	04/01/2022	0.2%
Adani Ports & Special Economic Zone Ltd	4.375%	07/03/2029	0.2%
Nvent Finance Sarl	4.550%	04/15/2028	0.2%
Angolan Government International Bond	8.250%	05/09/2028	0.2%
Indianapolis Power & Light Co.	4.050%	05/01/2046	0.2%
Massachusetts Sch Bldg Auth	5.715%	08/15/2039	0.2%
Senegal Goverment International Bond	6.250%	07/30/2024	0.2%
Mattel, Inc.	2.350%	08/15/2021	0.2%
Hilton Domestic Operating Co, Inc.	5.125%	05/01/2026	0.2%
BBVA Bancomer SA	5.125%	01/18/2033	0.2%
Government of Jamaica	6.750%	04/28/2028	0.2%
VICI Properties 1 LLC	4.046%	12/20/2024	0.2%
Transatlantic Holdings, Inc.	8.000%	11/30/2039	0.2%
Hilton Domestic Operating Co, Inc.	4.875%	01/15/2030	0.2%
BankUnited, Inc.	4.875%	11/17/2025	0.2%
Hub International LTD	5.267%	04/25/2025	0.2%
Hunt Oil Co of Peru LLC Sucursal Del Peru	6.375%	06/01/2028	0.2%
MGM Growth Properties Operating Partnership LP	3.902%	03/21/2025	0.2%
Regionalcare Hospital Prtnrs	6.554%	11/16/2025	0.2%
Penn National Gaming, Inc.	5.625%	01/15/2027	0.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	4.750%	06/01/2027	0.2%
Altice Luxembourg SA	10.500%	05/15/2027	0.2%
PAA Finance Corp.	3.550%	12/15/2029	0.2%
William Lyon Homes, Inc.	5.875%	01/31/2025	0.2%
CF Industries, Inc.	4.500%	12/01/2026	0.2%
Cheniere Corpus Christi Holdings LLC	5.125%	06/30/2027	0.2%
Morgan Stanley	3.625%	01/20/2027	0.2%
Brixmor Operating Partnership L.P.	4.125%	05/15/2029	0.2%
General Electric Co.	3.100%	01/09/2023	0.2%
Yingde Gases Investment Ltd	6.250%	01/19/2023	0.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons	6.625%	06/15/2024	0.2%
Amazon.com, Inc.	4.250%	08/22/2057	0.2%
Dallas Convention Center Hotel Dev Corp., TX	7.088%	01/01/2042	0.2%
Verscend Escrow Corp	9.750%	08/15/2026	0.2%
California	7.550%	04/01/2039	0.2%
Metropolitan Museum of Art	3.400%	07/01/2045	0.2%
Tencent Holdings Ltd.	3.925%	01/19/2038	0.2%
BJ's Wholesale Club, Inc.	4.786%	02/03/2024	0.2%
Ontario Teachers' Cadillac Fairview Properties Tru	3.875%	03/20/2027	0.2%
Chicago, IL	6.314%	01/01/2044	0.2%
Exxon Mobil Corp.	3.043%	03/01/2026	0.2%
Noble Energy, Inc.	3.850%	01/15/2028	0.2%
Northern Natural Gas	4.300%	01/15/2049	0.2%
Cheniere Energy Partners LP	5.625%	10/01/2026	0.2%
Steel Dynamics, Inc.	4.125%	09/15/2025	0.2%
IHS Markit Ltd	4.750%	08/01/2028	0.2%
El Paso Electric Co.	5.000%	12/01/2044	0.2%
Tetra Tech, Inc.	0.000%	-	0.2%
US Renal Care Inc.	7.063%	06/13/2026	0.2%
Conn's Receivables Funding 2017-B LLC	5.950%	11/15/2022	0.2%
Delta Air Lines 2019-1 Class AA Pass Through Trust	3.204%	04/25/2024	0.2%
Oceaneering International, Inc.	6.000%	02/01/2028	0.2%
Power Finance Corp Ltd	6.150%	12/06/2028	0.2%
Bombardier, Inc.	7.500%	12/01/2024	0.2%
Community Health Systems, Inc.	8.000%	11/15/2019	0.2%
Ally Financial, Inc.	4.625%	03/30/2025	0.2%
Global Payments, Inc.	4.150%	08/15/2049	0.2%
Republic of Argentina	6.875%	04/22/2021	0.2%
McCormick & Co., Inc.	4.200%	08/15/2047	0.2%
Kenya Government International Bond	7.250%	02/28/2028	0.2%
Citgo Holding, Inc.	9.250%	08/01/2024	0.2%
Planet Fitness Master Issuer LLC	4.666%	09/05/2048	0.2%
SRC Energy Inc	6.250%	12/01/2025	0.2%
Navient Corp.	6.125%	03/25/2024	0.2%
Pacific Gas & Electric Co.	6.050%	03/01/2034	0.2%
Bahrain Government International Bond	6.750%	09/20/2029	0.2%
Buenos Aires, Argentina	7.500%	06/01/2027	0.2%
Edwards Lifesciences Corp.	0.000%	-	0.2%
Boston Scientific Corp.	7.000%	11/15/2035	0.2%
Station Casinos LLC	5.000%	10/01/2025	0.2%
Ally Financial, Inc.	0.000%	-	0.2%
Chicago, IL	5.432%	01/01/2042	0.2%
Walt Disney Co.	2.350%	12/01/2022	0.2%
PACCAR Financial Corp.	2.850%	03/01/2022	0.2%
Centennial Resource Production LLC	5.375%	01/15/2026	0.2%
Snap Inc	0.000%	-	0.2%
Aegon NV	760.000%	10/01/2019	0.1%
C.H. Robinson Worldwide, Inc.	4.200%	04/15/2028	0.1%
HEICO Corp.	0.000%	-	0.1%
AON, Inc.	0.000%	-	0.1%
Nexstar Escrow Inc	5.625%	07/15/2027	0.1%
Brown-Forman Corp.	4.500%	07/15/2045	0.1%
Casey's General Stores, Inc.	0.000%	-	0.1%
National Retail Properties, Inc.	4.300%	10/15/2028	0.1%
Microsoft Corp.	2.400%	08/08/2026	0.1%
United Rentals, Inc.	4.875%	01/15/2028	0.1%
Citigroup, Inc.	2.350%	08/02/2021	0.1%
Hughes Satellite Systems Corp.	5.250%	08/01/2026	0.1%
Selective Insurance Group, Inc.	5.375%	03/01/2049	0.1%
IHS Markit Ltd	0.000%	-	0.1%
EPR Properties	3.750%	08/15/2029	0.1%
Intelsat Jackson Holdings SA	8.500%	10/15/2024	0.1%
RegionalCare Hospital Partners Holdings Inc / Life	9.750%	12/01/2026	0.1%
Centene Corp.	5.375%	06/01/2026	0.1%
Sabal Trail Transmission LLC	4.246%	05/01/2028	0.1%
Apple, Inc.	1.800%	09/11/2024	0.1%
Pike Corp	5.588%	07/19/2026	0.1%
Royal Caribbean Cruises Ltd.	7.500%	10/15/2027	0.1%
Parsley Energy LLC	5.625%	10/15/2027	0.1%
Tullow Oil plc	7.000%	03/01/2025	0.1%
Rumo Luxembourg Sarl	5.875%	01/18/2025	0.1%
Navient Corp.	6.750%	06/25/2025	0.1%
Lam Research Corp.	4.875%	03/15/2049	0.1%
Granite Holdings US Acquisition	7.067%	09/25/2026	0.1%
BWAY Holding Co.	7.250%	04/15/2025	0.1%
GLP Capital L.P. / GLP Financing II, Inc.	5.750%	06/01/2028	0.1%
Hudson Pacific Properties LP	3.950%	11/01/2027	0.1%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.1%
CommScope, Inc.	8.250%	03/01/2027	0.1%
Arcor	6.000%	07/06/2023	0.1%
Hasbro, Inc.	5.100%	05/15/2044	0.1%
Kaiser Foundation Hospitals	4.150%	05/01/2047	0.1%
Montefiore Obligated Group	5.246%	11/01/2048	0.1%
Australia & New Zealand Banking Group Ltd/United K	6.750%	06/15/2166	0.1%
Bank of America Corp.	4.450%	03/03/2026	0.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	5.000%	06/01/2024	0.1%
DKT Finance ApS	9.375%	06/17/2023	0.1%
Roper Industries, Inc.	4.200%	09/15/2028	0.1%
Honduras Government International Bond	6.250%	01/19/2027	0.1%
Tenet Healthcare Corp.	6.750%	06/15/2023	0.1%
Valeant Pharmaceuticals International, Inc.	8.500%	01/31/2027	0.1%
American Airlines, Inc.	3.804%	06/27/2025	0.1%
Best Buy Co., Inc.	4.450%	10/01/2028	0.1%
VF Holding Corp	5.294%	07/02/2025	0.1%
Angolan Government International Bond	9.375%	05/08/2048	0.1%
Tencent Holdings Ltd.	3.595%	01/19/2028	0.1%
VeriSign, Inc.	4.750%	07/15/2027	0.1%
Goldman Sachs Group, Inc.	4.250%	10/21/2025	0.1%
Central Japan Railway Co.	4.250%	11/24/2045	0.1%
Westpac Banking Corp.	4.110%	07/24/2034	0.1%
Home BancShares, Inc.	5.625%	04/15/2027	0.1%
Teachers Insurance & Annuity Association of Americ	4.270%	05/15/2047	0.1%
Wingstop Funding 2018-1 LLC	4.970%	12/05/2048	0.1%
Clear Channel Outdoor Holding	5.544%	08/09/2026	0.1%
Palmer Square Loan Funding 2018-1 Ltd	2.903%	04/15/2026	0.1%
Entergy Arkansas, Inc.	4.000%	06/01/2028	0.1%
Miami Dade Cnty, FL	4.280%	10/01/2041	0.1%
InterXion Holding NV	4.750%	06/15/2025	0.1%
IRB Holding Corp	6.750%	02/15/2026	0.1%
Revlon, Inc. Class A	5.571%	09/07/2023	0.1%
Tiffany & Co.	4.900%	10/01/2044	0.1%
Motorola Solutions, Inc.	4.600%	05/23/2029	0.1%
Salesforce.com, Inc.	3.700%	04/11/2028	0.1%
Bacardi Ltd.	2.750%	07/15/2026	0.1%
NextEra Energy Operating Partners LP	4.500%	09/15/2027	0.1%
Entergy Mississippi, Inc.	2.850%	06/01/2028	0.1%
Trans Union LLC	0.000%	06/12/2025	0.1%
San Jose Redev Agy, CA	2.259%	08/01/2020	0.1%
Morgan Stanley	3.125%	07/27/2026	0.1%
Florida Gas Transmission Co., LLC	4.350%	07/15/2025	0.1%
McGraw-Hill Cos., Inc.	6.550%	11/15/2037	0.1%
Silversea Cruise Finance Ltd.	7.250%	02/01/2025	0.1%
Molina Healthcare, Inc.	4.875%	06/15/2025	0.1%
IRB Holding Corp.	5.550%	02/05/2025	0.1%
Nokia Corp.	4.375%	06/12/2027	0.1%
CSC Holdings LLC	10.875%	10/15/2025	0.1%
Brand Energy & Infrastructure Services Inc	8.500%	07/15/2025	0.1%
Allegheny Technologies, Inc.	7.875%	08/15/2023	0.1%
Stena AB	7.000%	02/01/2024	0.1%
Oasis Petroleum, Inc.	6.250%	05/01/2026	0.1%
Alliant Holdings Intermediate LLC	8.250%	08/01/2023	0.1%
CSL Capital, LLC	8.250%	10/15/2023	0.1%
VEREIT Operating Partnership L.P.	4.875%	06/01/2026	0.1%
Univ of California Bd of Regents	6.548%	05/15/2048	0.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines	8.750%	07/15/2026	0.1%
Portland, OR	7.701%	06/01/2022	0.1%
New York and Presbyterian Hospital/The	4.063%	08/01/2056	0.1%
JPMorgan Chase & Co.	3.900%	07/15/2025	0.1%
IFM US Colonial Pipeline 2 LLC	6.450%	05/01/2021	0.1%
AXIS Specialty Finance PLC	5.150%	04/01/2045	0.1%
American Express Co.	3.400%	02/27/2023	0.1%
Valeant Pharmaceuticals International, Inc.	5.875%	05/15/2023	0.1%
Entergy Arkansas, Inc.	4.950%	12/15/2044	0.1%
San Antonio, TX	5.718%	02/01/2041	0.1%
District of Columbia, DC	5.591%	12/01/2034	0.1%
Edgewater Generation LLC	5.794%	12/13/2025	0.1%
Wabtec Corp.	3.450%	11/15/2026	0.1%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.000%	12/01/2024	0.1%
Planet Fitness Master Issuer LLC	4.262%	09/05/2048	0.1%
Greenko Solar Mauritius Ltd	5.950%	07/29/2026	0.1%
Owens Corning	4.300%	07/15/2047	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	6.250%	11/01/2028	0.1%
Astoria Energy LLC	5.000%	12/24/2021	0.1%
DPL, Inc.	4.350%	04/15/2029	0.1%
Coty, Inc.	6.500%	04/15/2026	0.1%
Phillips 66 Partners LP	2.450%	12/15/2024	0.1%
United Airlines 2019-2 Class AA Pass Through Trust	2.700%	05/01/2032	0.1%
VeriSign, Inc.	5.250%	04/01/2025	0.1%
Louisville Gas & Electric Co.	4.375%	10/01/2045	0.1%
Texaco Capital, Inc.	8.625%	11/15/2031	0.1%
BRF SA	4.875%	01/24/2030	0.1%
Hellenic Republic Government Bond	4.375%	08/01/2022	0.1%
Intelsat Jackson Holdings SA	5.500%	08/01/2023	0.1%
Popular, Inc.	6.125%	09/14/2023	0.1%
United Rentals, Inc.	5.250%	01/15/2030	0.1%
Pinduoduo Inc	0.000%	-	0.1%
Clearway Energy Operating LLC	5.750%	10/15/2025	0.1%
Empresa de Transmision Electrica SA	5.125%	05/02/2049	0.1%
Chicago Transit Auth, IL	6.200%	12/01/2040	0.1%
First Horizon National Corp.	0.000%	-	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	04/01/2024	0.1%
Transocean Pontus Ltd	6.125%	08/01/2025	0.1%
Chicago Transit Auth, IL	6.899%	12/01/2040	0.1%
CDW Corp.	5.500%	12/01/2024	0.1%
Farmers Insurance Exchange	4.747%	11/01/2057	0.1%
Diamond Sports Group LLC / Diamond Sports Finance	6.625%	08/15/2027	0.1%
SolarEdge Technologies, Inc.	0.000%	-	0.1%
ONE Gas, Inc.	4.500%	11/01/2048	0.1%
Budweiser Brewing Co APAC Ltd	0.000%	-	0.1%
Provincia de Mendoza Argentina	8.375%	05/19/2024	0.1%
AI Candelaria Spain SLU	7.500%	12/15/2028	0.1%
Lam Research Corp.	0.000%	-	0.1%
CSN Resources SA	7.625%	04/17/2026	0.1%
JB y Co SA de CV	3.750%	05/13/2025	0.1%
Los Angeles Unif Sch Dist, CA	5.750%	07/01/2034	0.1%
Indigo Natural Resources LLC	6.875%	02/15/2026	0.1%
Lennar Corp.	4.750%	11/15/2022	0.1%
Acwa Power Management And Investments One Ltd	5.950%	12/15/2039	0.1%
HCA, Inc.	7.500%	02/15/2022	0.1%
Aston Martin Capital Holdings Ltd.	5.750%	04/15/2022	0.1%
Republic of Argentina	5.875%	01/11/2028	0.1%
CSC Holdings LLC	5.750%	01/15/2030	0.1%
Panera Bread Company	3.813%	07/18/2022	0.1%
Rio Oil Finance Trust Series 2018-1	8.200%	04/06/2028	0.1%
Ashtead Capital, Inc.	4.375%	08/15/2027	0.1%
NVA Holdings Inc	6.875%	04/01/2026	0.1%
Jagged Peak Energy LLC	5.875%	05/01/2026	0.1%
Marble II Pte Ltd.	5.300%	06/20/2022	0.1%
Ohio Power Co.	4.000%	06/01/2049	0.1%
Alexandria Real Estate Equities, Inc.	3.950%	01/15/2028	0.1%
Altice Luxembourg SA	7.625%	02/15/2025	0.1%
Danaher Corp.	0.000%	04/15/2022	0.1%
Excelitas Technologies	5.604%	11/15/2024	0.1%
S.C. Johnson & Son, Inc.	4.750%	10/15/2046	0.1%
Kohl's Corp.	5.550%	07/17/2045	0.1%
Vulcan Materials Co.	4.500%	06/15/2047	0.1%
Puget Sound Energy, Inc.	4.223%	06/15/2048	0.1%
Teachers Insurance & Annuity Association of Americ	4.900%	09/15/2044	0.1%
Intelsat Luxembourg S.A.	8.125%	06/01/2023	0.1%
Marriott International, Inc.	0.000%	10/01/2019	0.1%
Cheniere Corpus Christi Holdings LLC	5.875%	03/31/2025	0.1%
SPX FLOW, Inc.	5.875%	08/15/2026	0.1%
Visa, Inc.	3.150%	12/14/2025	0.1%
SM Energy Co.	6.750%	09/15/2026	0.1%
Callon Petroleum Co.	6.125%	10/01/2024	0.1%
Boston Beer Co., Inc.	0.000%	-	0.1%
Quicken Loans Inc	5.250%	01/15/2028	0.1%
Las Vegas Sands Corp.	3.900%	08/08/2029	0.1%
SM Energy Co.	6.625%	01/15/2027	0.1%
Toll Brothers Finance Corp.	5.625%	01/15/2024	0.1%
Under Armour, Inc.	3.250%	06/15/2026	0.1%
Hub International Ltd.	7.000%	05/01/2026	0.1%
HCA, Inc.	7.690%	06/15/2025	0.1%
Cemig Geracao e Transmissao SA	9.250%	12/05/2024	0.1%
Procter & Gamble Co.	0.000%	-	0.1%
Xilinx, Inc.	2.950%	06/01/2024	0.1%
Bermuda Government International Bond	4.138%	01/03/2023	0.1%
First Solar, Inc.	0.000%	-	0.1%
NSG Holdings LLC / NSG Holdings, Inc.	7.750%	12/15/2025	0.1%
Newell Rubbermaid, Inc.	0.000%	-	0.1%
CenterPoint Energy, Inc.	0.000%	10/01/2019	0.1%
Aircastle Ltd.	4.250%	06/15/2026	0.1%
Spirit Realty LP	4.000%	07/15/2029	0.1%
Mohegan Tribal Gaming Authority	7.875%	10/15/2024	0.1%
Berry Petroleum Co.	7.000%	02/15/2026	0.1%
Carlisle Cos., Inc.	0.000%	-	0.1%
American Tower Corp.	0.000%	-	0.1%
Laredo Petroleum Holdings, Inc.	5.625%	01/15/2022	0.1%
Ohio Power Co.	4.150%	04/01/2048	0.1%
Wynn Macau Ltd.	5.500%	10/01/2027	0.1%
Ohio Univ	5.590%	12/01/2114	0.1%
Atlantic City Electric Co.	4.000%	10/15/2028	0.1%
Black Hills Corp.	4.350%	05/01/2033	0.1%
Columbia Sportswear Co.	0.000%	-	0.1%
Murphy Oil USA, Inc.	4.750%	09/15/2029	0.1%
Weight Watchers International, Inc.	8.625%	12/01/2025	0.1%
Shea Homes LP / Shea Homes Funding Corp.	6.125%	04/01/2025	0.1%
IDEXX Laboratories, Inc.	0.000%	-	0.1%
Clear Channel Worldwide Holdings, Inc.	9.250%	02/15/2024	0.1%
PepsiCo, Inc.	3.600%	03/01/2024	0.1%
Murphy Oil Corp.	5.750%	08/15/2025	0.1%
Industrias Penoles SAB de CV	4.150%	09/12/2029	0.1%
Ausgrid Finance Pty Ltd	4.350%	08/01/2028	0.1%
Miami Dade Cnty, FL	3.982%	10/01/2041	0.1%
Rede D'or Finance Sarl	4.950%	01/17/2028	0.1%
Towd Point Mortgage Trust 2019-HY2	3.018%	05/25/2058	0.1%
Vistra Operations Co LLC	4.300%	07/15/2029	0.1%
Zoetis, Inc.	0.000%	-	0.1%
Ellie Mae Inc	6.625%	04/17/2026	0.1%
Peloton Interactive Inc	0.000%	-	0.1%
Chobani LLC / Chobani Finance Corp Inc	7.500%	04/15/2025	0.1%
Ecolab, Inc.	0.000%	-	0.1%
Eoc Group Inc	5.294%	02/28/2025	0.1%
Centennial Resource Production LLC	6.875%	04/01/2027	0.1%
Delphi Technologies PLC	5.000%	10/01/2025	0.1%
GOBP Holdings Inc.	5.759%	10/22/2025	0.1%
Pennsylvania	5.450%	02/15/2030	0.1%
British Airways 2019-1 Class A Pass Through Trust	3.350%	06/15/2029	0.1%
MHP Lux SA	6.950%	04/03/2026	0.1%
MPT Operating Partnership L.P.	5.000%	10/15/2027	0.1%
Itron, Inc.	5.000%	01/15/2026	0.1%
CSC Holdings LLC	6.500%	02/01/2029	0.1%
Providence St Joseph Health Obligated Group	2.532%	10/01/2029	0.1%
Mattel, Inc.	6.750%	12/31/2025	0.1%
Banco Mercantil del Norte SA/Grand Cayman	7.625%	07/06/2167	0.1%
NYU Hospitals Center	4.368%	07/01/2047	0.1%
ANZ New Zealand Int'l Ltd.	2.125%	07/28/2021	0.1%
Eldorado Resorts, Inc.	6.000%	09/15/2026	0.1%
AHP Health Partners Inc	9.750%	07/15/2026	0.1%
Port of Seattle, WA	3.755%	05/01/2036	0.1%
Kenya Government International Bond	8.250%	02/28/2048	0.1%
DaVita, Inc.	5.000%	05/01/2025	0.1%
Bermuda Government International Bond	4.750%	02/15/2029	0.1%
Bill Barrett Corp.	7.000%	10/15/2022	0.1%
Endeavor Energy Resources L.P.	5.500%	01/30/2026	0.1%
Genpact Ltd.	0.000%	-	0.1%
Zoetis, Inc.	3.900%	08/20/2028	0.1%
Coupa Software Inc	0.000%	-	0.1%
Sealed Air Corp.	6.875%	07/15/2033	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.750%	10/01/2025	0.1%
Aegea Finance Sarl	5.750%	10/10/2024	0.1%
Arch Capital Finance LLC	4.011%	12/15/2026	0.1%
Everi Payments Inc	7.500%	12/15/2025	0.1%
Aston Martin Capital Holdings Ltd	6.500%	04/15/2022	0.1%
Boyd Gaming Corp.	6.000%	08/15/2026	0.1%
Owens Corning	4.400%	01/30/2048	0.1%
Adient US LLC	7.000%	05/15/2026	0.1%
Crown Cork & Seal Co., Inc.	7.375%	12/15/2026	0.1%
Assurant, Inc.	3.700%	02/22/2030	0.1%
Monongahela Pwr Co	3.550%	05/15/2027	0.1%
XPO Logistics, Inc.	0.000%	-	0.1%
Provincia de Cordoba	7.450%	09/01/2024	0.1%
EPR Properties	4.500%	06/01/2027	0.1%
Ultimate Software Group Inc	6.351%	05/04/2026	0.1%
Press Ganey Inc	5.544%	07/22/2026	0.1%
Motorola Solutions, Inc.	4.600%	02/23/2028	0.1%
Allstate Corp.	3.280%	12/15/2026	0.1%
Citigroup, Inc.	4.450%	09/29/2027	0.1%
Electricite de France SA	3.625%	10/13/2025	0.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di	6.625%	05/15/2022	0.1%
Hillman Group, Inc.	6.375%	07/15/2022	0.1%
Arconic Inc	0.000%	-	0.1%
General Electric Co.	0.000%	-	0.1%
BMW US Capital LLC	3.100%	04/12/2021	0.1%
Patterson-UTI Energy, Inc.	3.950%	02/01/2028	0.1%
Rochester Gas & Electric Corp.	3.100%	06/01/2027	0.1%
Goldman Sachs Group, Inc.	3.500%	11/16/2026	0.1%
Memphis-Shelby Cnty Indus Dev Bd, TN	7.000%	07/01/2045	0.1%
Darden Restaurants, Inc.	4.550%	02/15/2048	0.1%
DaVita, Inc.	5.125%	07/15/2024	0.1%
Stars Group Holdings BV / Stars Group US Co-Borrow	7.000%	07/15/2026	0.1%
FAGE International SA/ FAGE USA Dairy Industry Inc	5.625%	08/15/2026	0.1%
OCI NV	6.625%	04/15/2023	0.1%
Buckeye Partners L.P.	6.375%	01/22/2078	0.1%
Targa Resources Partners L.P.	5.875%	04/15/2026	0.1%
JPMorgan Chase & Co.	6.100%	12/31/2099	0.1%
California Resources Corp.	8.000%	12/15/2022	0.1%
CMA CGM SA	5.250%	01/15/2025	0.1%
MEG Energy Corp.	0.000%	-	0.1%
GCI LLC	6.875%	04/15/2025	0.1%
Huntington Bancshares, Inc.	5.700%	12/31/2099	0.1%
Kestrel Bidco Inc	5.266%	08/07/2026	0.1%
China Railway Xunjie Co Ltd	3.250%	07/28/2026	0.1%
Six Flags Entertainment Corp.	4.875%	07/31/2024	0.1%
Liberty Property L.P.	4.375%	02/01/2029	0.1%
j2 Cloud Services LLC / j2 Global Co-Obligor Inc	6.000%	07/15/2025	0.1%
Asbury Automotive Group, Inc.	6.000%	12/15/2024	0.1%
Ivory Coast Govt Intl Bnd	5.375%	07/23/2024	0.1%
Griffon Corp.	5.250%	03/01/2022	0.1%
Cheniere Energy Partners LP	5.250%	10/01/2025	0.1%
Tibco Software	6.070%	06/11/2026	0.1%
U.S. Bancorp	3.000%	07/30/2029	0.1%
Warrior Met Coal Inc	8.000%	11/01/2024	0.1%
Waste Pro USA Inc	5.500%	02/15/2026	0.1%
Toll Brothers Finance Corp.	4.875%	03/15/2027	0.1%
Netflix, Inc.	4.625%	05/15/2029	0.1%
Rain CII Carbon LLC	7.250%	04/01/2025	0.1%
Ritchie Bros Auctioneers, Inc.	5.375%	01/15/2025	0.1%
Siemens Financial Services, Inc.	3.250%	05/27/2025	0.1%
Arizona Public Service Co.	2.950%	09/15/2027	0.1%
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC)	6.294%	09/25/2024	0.1%
Univision Communications Inc.	4.794%	03/15/2024	0.1%
Wyndham Worldwide Corp.	6.350%	10/01/2025	0.1%
New York City	5.985%	12/01/2036	0.1%
Mountain View CLO X Ltd	3.653%	10/13/2027	0.1%
BBA US Holdings Inc	5.375%	05/01/2026	0.1%
Goodman US Finance Four LLC	4.500%	10/15/2037	0.1%
FMC Corp.	3.450%	10/01/2029	0.1%
WhatABrands LLC	5.538%	07/19/2026	0.1%
PCI Gaming Authority	5.044%	05/15/2026	0.1%
Southern Graphics Inc	5.348%	12/31/2022	0.1%
Navistar International Corp.	6.625%	11/01/2025	0.1%
Energizer Holdings, Inc.	6.375%	07/15/2026	0.1%
Suriname Government International Bond	9.250%	10/26/2026	0.1%
Lamb Weston Holdings, Inc.	4.625%	11/01/2024	0.1%
Promontoria Holding 264 BV	6.750%	08/15/2023	0.1%
AES Corp.	5.125%	09/01/2027	0.1%
Norbord, Inc.	6.250%	04/15/2023	0.1%
Cliffs Natural Resources, Inc.	5.750%	03/01/2025	0.1%
Oklahoma Gas and Electric	4.150%	04/01/2047	0.1%
Trivium Packaging Finance BV	8.500%	08/15/2027	0.1%
MGIC Investment Corp.	5.750%	08/15/2023	0.1%
Levi Strauss & Co.	3.375%	03/15/2027	0.1%
Valeant Pharmaceuticals International, Inc.	7.000%	03/15/2024	0.1%
Dominion Gas Holdings LLC	3.600%	12/15/2024	0.1%
INTRAWEST RESORTS HLDGS INC	5.044%	07/31/2024	0.1%
JPMorgan Chase & Co.	3.540%	05/01/2028	0.1%
Lower Cadence Holdings L	6.054%	05/08/2026	0.1%
BCD Acquisition, Inc.	9.625%	09/15/2023	0.1%
KINGPIN INTERMEDIATE HO	5.814%	07/03/2024	0.1%
Lightstone Holdco LLC	5.794%	01/30/2024	0.1%
Autopistas del Sol SA/Costa Rica	7.375%	12/30/2030	0.1%
AES Corp.	4.500%	03/15/2023	0.1%
Ahern Rentals, Inc.	7.375%	05/15/2023	0.1%
Brooklyn Union Gas Co.	3.407%	03/10/2026	0.1%
Fifth Third Bank	8.250%	03/01/2038	0.1%
PG&E Corp	5.029%	12/31/2020	0.1%
Frontera Generation Hold	6.289%	05/02/2025	0.1%
Jamestown CLO VII Ltd.	3.926%	07/25/2027	0.1%
Doncasters US Finance LLC (Doncasters US LLC)	0.000%	04/09/2020	0.1%
Entergy Louisiana LLC	4.000%	03/15/2033	0.1%
PetSmart, Inc.	5.875%	06/01/2025	0.1%
Gibson Brands, Inc	0.000%	-	0.1%
Sirius XM Radio, Inc.	5.000%	08/01/2027	0.1%
Dayton Power & Light Co.	3.950%	06/15/2049	0.1%
Go Daddy Operating Co LLC / GD Finance Co Inc	5.250%	12/01/2027	0.1%
Allegion plc	3.500%	10/01/2029	0.1%
United Rentals, Inc.	4.625%	10/15/2025	0.1%
Province of Santa Fe	6.900%	11/01/2027	0.1%
Power Finance Corp Ltd	3.750%	12/06/2027	0.1%
Provincia de Cordoba	7.125%	06/10/2021	0.1%
Freedom Mortgage Corp	8.250%	04/15/2025	0.1%
The Bd of Governors of the Univ of North Carolina	3.847%	12/01/2034	0.1%
Sirius XM Radio, Inc.	5.375%	07/15/2026	0.1%
Murphy Oil Corp.	6.875%	08/15/2024	0.1%
Watco Cos. LLC / Watco Finance Corp.	6.375%	04/01/2023	0.1%
DTE Energy Co.	2.600%	06/15/2022	0.1%
Cleveland Clinic	4.858%	01/01/2114	0.1%
Ford Motor Credit Co. LLC	3.810%	01/09/2024	0.1%
Cloud Crane LLC	10.125%	08/01/2024	0.1%
Oasis Petroleum, Inc.	6.875%	03/15/2022	0.1%
Valeant Pharmaceuticals International, Inc.	7.250%	05/30/2029	0.1%
Netflix, Inc.	3.875%	11/15/2029	0.1%
Ascension Health	3.945%	11/15/2046	0.1%
Republic of Chile	3.500%	01/25/2050	0.1%
Southwestern Energy Co.	6.200%	01/23/2025	0.1%
Oceaneering International, Inc.	4.650%	11/15/2024	0.1%
Southern Star Central Corp.	5.125%	07/15/2022	0.1%
Gray Television, Inc.	5.875%	07/15/2026	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%
Empresas Publicas de Medellin ESP	4.250%	07/18/2029	0.1%
ProLogis, Inc.	3.875%	09/15/2028	0.1%
Sierra Pac Power Co.	2.600%	05/01/2026	0.1%
Wabtec Corp.	4.700%	09/15/2028	0.1%
Netflix, Inc.	4.875%	04/15/2028	0.1%
Commercial Barge Line	10.794%	11/12/2020	0.1%
EPR Properties	4.750%	12/15/2026	0.1%
Los Angeles, CA	5.575%	05/15/2020	0.1%
Match Group, Inc.	5.625%	02/15/2029	0.1%
Brown-Forman Corp.	3.500%	04/15/2025	0.1%
Rumo Luxembourg Sarl	7.375%	02/09/2024	0.1%
Wyndham Worldwide Corp.	5.750%	04/01/2027	0.1%
Palmer Square Loan Funding 2018-1 Ltd	3.353%	04/15/2026	0.1%
Novelis Corp.	5.875%	09/30/2026	0.1%
Claire's Stores, Inc.	0.000%	-	0.1%
Univision Communications, Inc.	5.125%	02/15/2025	0.1%
Moxie Patriot LLC	7.392%	12/19/2020	0.1%
Pharmaceutical Product Development LLC	6.375%	08/01/2023	0.1%
Xylem, Inc.	3.250%	11/01/2026	0.1%
Air Canada Class A Pass Through Certificates	4.125%	05/15/2025	0.1%
Centene Corp.	4.750%	01/15/2025	0.1%
Performance Food Group, Inc.	5.500%	10/15/2027	0.1%
Hudson Pacific Properties LP	4.650%	04/01/2029	0.1%
CVS Caremark Corp.	0.000%	10/01/2019	0.1%
Pacific Gas & Electric Co.	3.500%	10/01/2020	0.1%
AerCap Ireland Capital Ltd.	3.650%	07/21/2027	0.1%
British Airways 2018-1 Class A Pass Through Trust	4.125%	09/20/2031	0.1%
SPX FLOW, Inc.	5.625%	08/15/2024	0.1%
Targa Resources Partners L.P.	4.250%	11/15/2023	0.1%
Citigroup Commercial Mortgage Trust 2016-P3	2.804%	04/15/2049	0.1%
TIAA Asset Management Finance Co. LLC	4.125%	11/01/2024	0.1%
UC Holdings	0.000%	-	0.1%
TCF Auto Receivables Owner Trust 2016-1	2.320%	06/15/2022	0.1%
Associated Banc-Corp.	4.250%	01/15/2025	0.1%
Oasis Petroleum, Inc.	6.875%	01/15/2023	0.1%
Berkshire Hathaway, Inc.	3.125%	03/15/2026	0.1%
Honolulu City & Cnty, HI	5.418%	12/01/2027	0.1%
Lennar Corp.	4.750%	11/29/2027	0.1%
NRG Energy, Inc.	5.250%	06/15/2029	0.1%
Berkshire Hathaway, Inc.	2.750%	03/15/2023	0.1%
Goodman US Finance Three LLC	3.700%	03/15/2028	0.1%
Dignity Health	3.812%	11/01/2024	0.1%
Syneos Health Inc / inVentiv Health Inc / inVentiv	7.500%	10/01/2024	0.1%
Industrias Penoles SAB de CV	5.650%	09/12/2049	0.1%
ITR Concession Co LLC	5.183%	07/15/2035	0.1%
Claire's Stores, Inc.	14.000%	09/05/2038	0.1%
Eldorado Resorts, Inc.	6.000%	04/01/2025	0.1%
Wisconsin	3.294%	05/01/2037	0.1%
Port of Seattle, WA	3.571%	05/01/2032	0.1%
Cedar Funding VI CLO Ltd	5.278%	10/20/2028	0.1%
Massachusetts	4.200%	12/01/2021	0.1%
Ohio St Univ	4.048%	12/01/2056	0.1%
Transocean Phoenix 2 Ltd.	7.750%	10/15/2024	0.0%
Jacobs Entertainment, Inc.	7.875%	02/01/2024	0.0%
Joseph T Ryerson & Son, Inc.	11.000%	05/15/2022	0.0%
Six Flags Entertainment Corp.	5.500%	04/15/2027	0.0%
CIT Group, Inc.	5.250%	03/07/2025	0.0%
United Rentals, Inc.	5.875%	09/15/2026	0.0%
Gray Television, Inc.	5.125%	10/15/2024	0.0%
IHS Markit Ltd	4.250%	05/01/2029	0.0%
Atrium XV	5.259%	01/23/2031	0.0%
Trivium Packaging Finance BV	5.500%	08/15/2026	0.0%
Cliffs Natural Resources, Inc.	5.875%	06/01/2027	0.0%
Sound Point CLO XI Ltd.	5.228%	07/20/2028	0.0%
HCA, Inc.	7.580%	09/15/2025	0.0%
Energy East Corp.	3.800%	06/01/2029	0.0%
Alexandria Real Estate Equities, Inc.	3.800%	04/15/2026	0.0%
THL Credit Wind River 2018-3 CLO Ltd	5.228%	01/20/2031	0.0%
ACC Trust 2018-1	4.820%	05/20/2021	0.0%
Eterna Capital Pte Ltd	8.000%	12/11/2022	0.0%
Extraction Oil & Gas Inc	5.625%	02/01/2026	0.0%
Extraction Oil & Gas Inc	7.375%	05/15/2024	0.0%
CVR Partners LP / CVR Nitrogen Finance Corp	9.250%	06/15/2023	0.0%
Mariner CLO 2017-4 LLC	5.317%	10/26/2029	0.0%
AerCap Ireland Capital Ltd.	4.450%	04/03/2026	0.0%
Netflix, Inc.	5.500%	02/15/2022	0.0%
Panda Power Funds	6.750%	12/19/2020	0.0%
Steel Dynamics, Inc.	5.000%	12/15/2026	0.0%
Halcyon Loan Advisors Funding Ltd.	4.426%	07/25/2027	0.0%
San Francisco City & Cnty, CA	5.450%	06/15/2025	0.0%
CF Industries, Inc.	5.150%	03/15/2034	0.0%
ACC Trust 2018-1	6.810%	02/21/2023	0.0%
Galaxy XXI CLO Ltd	3.298%	04/20/2031	0.0%
Palmer Square Loan Funding 2018-1 Ltd	3.703%	04/15/2026	0.0%
Lennar Corp.	4.750%	05/30/2025	0.0%
Cent CLO Ltd.	5.456%	07/27/2030	0.0%
State of Connecticut Bradley International Airport	4.282%	07/01/2045	0.0%
Ashtead Capital, Inc.	5.250%	08/01/2026	0.0%
West CLO 2014-2 Ltd	4.072%	01/16/2027	0.0%
Claire's Stores, Inc.	0.000%	10/12/2038	0.0%
Harbor Park CLO 18-1 Ltd	5.178%	01/20/2031	0.0%
British Airways 2018-1 Class AA Pass Through Trust	3.800%	09/20/2031	0.0%
BlueMountain CLO XXIII Ltd	5.178%	10/20/2031	0.0%
HCA, Inc.	7.050%	12/01/2027	0.0%
PG&E Corp	5.029%	12/31/2020	0.0%
Madison Park Funding XIV Ltd	5.228%	10/22/2030	0.0%
Octagon Investment Partners 39 Ltd	5.228%	10/20/2030	0.0%
AMMC CLO XII Ltd	4.881%	11/10/2030	0.0%
Ascentium Equipment Receivables 2016-2 Trust	2.500%	09/12/2022	0.0%
Mondelez International, Inc.	0.000%	10/01/2019	0.0%
CF Industries, Inc.	4.950%	06/01/2043	0.0%
FX USD/EUR 12/19	0.000%	12/09/2019	0.0%
HCA, Inc.	8.360%	04/15/2024	0.0%
General Electric Co.	4.125%	10/09/2042	0.0%
KKR CLO Ltd.	5.450%	01/18/2032	0.0%
Cedar Funding VI CLO Ltd	3.878%	10/20/2028	0.0%
AMMC CLO 15 Ltd	5.703%	01/15/2032	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
Mariner CLO 2015-1 LLC	5.928%	04/20/2029	0.0%
TerraForm Power Operating LLC	5.000%	01/31/2028	0.0%
Regatta VI Funding Ltd	4.978%	07/20/2028	0.0%
Eoc Group Inc	3.516%	02/26/2026	0.0%
Battalion CLO VII Ltd	5.233%	07/17/2028	0.0%
ION Media	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Aviation Capital Group Corp.	0.000%	10/01/2019	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%	09/17/2058	0.0%
Credit Index Swap	1.000%	12/20/2024	0.0%
FGI Operating Company, LLC	0.000%	05/15/2022	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%
Chaparral Energy, Inc.	0.000%	-	0.0%
Lightstone Holdco LLC	5.794%	01/30/2024	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	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%
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%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/17/2059	0.0%
DOMMO ENERGIA SA-SP ADR	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%	11/17/2059	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%
Credit Index Swap	1.000%	12/20/2024	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%
Templar Energy LLC	0.000%	-	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
Eneva SA	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%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
FX USD/AUD 11/19	0.000%	11/22/2019	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%	11/18/2054	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%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	0.0%
OGX Austria GmbH	8.500%	06/01/2019	0.0%
Remington Outdoor Co. Inc.	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%
Templar Energy LLC	0.000%	-	0.0%
EURO-BOBL FUT DEC19	0.000%	12/10/2019	0.0%
General Motors Corp. NCV Escrow 8.375% 7/15/2033	8.375%	07/15/2033	0.0%
US 10YR NOTE (CBT)DEC19	0.000%	12/31/2019	0.0%
US 10YR ULTRA FUT DEC19	0.000%	12/31/2019	0.0%
US ULTRA BOND CBT DEC19	0.000%	12/31/2019	0.0%
Washington Mutual, Inc.	6.875%	06/15/2011	0.0%
Hellas II	0.000%	01/15/2015	0.0%
Mirabela Nickel Ltd.	1.000%	09/16/2044	0.0%
NEXSTAR BROADCASTING GROUP	0.000%	11/30/2019	0.0%
US 5YR NOTE (CBT) DEC19	0.000%	01/06/2020	0.0%
US LONG BOND(CBD) DEC19	0.000%	12/31/2019	0.0%
Commercial Mortgage Backed Index Swap	3.000%	09/17/2058	0.0%
US 2YR NOTE (CBT) DEC19	0.000%	01/06/2020	0.0%
FX EUR/USD 11/19	0.000%	11/14/2019	0.0%
FX EUR/USD 12/19	0.000%	12/09/2019	0.0%
Credit Index Swap	5.000%	12/20/2024	0.0%
FX EUR/USD 12/19	0.000%	12/09/2019	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%
FX USD/GBP 12/19	0.000%	12/05/2019	0.0%
Commercial Mortgage Backed Index Swap	3.000%	11/18/2054	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 11/18/2019: $0.281
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
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	11/30/2019
Daily	Daily	12/31/2019

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
12/17/2019	12/18/2019

Fees & Expenses

Expense Ratioas of 10/31/2019

0.69%

Fund Documents

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	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
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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 11/18/2019

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

Fund Basicsas of 10/31/2019

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 10/31/2019 View Portfolio

INVESTMENT TEAM

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 11/18/2019

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

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 10/31/2019

Portfolio Positioning as of 9/30/2019

Portfolio Details as of 10/31/2019

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 10/31/2019

Fund Documents

Dividend Yield ¹ as of 11/18/2019

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

Dividend Yield ¹ as of 11/18/2019

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