LBNSX | Bond Debenture Fund Class R4 | Lord Abbett

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Bond Debenture Fund

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Daily price w/o sales charge as of 05/26/2023

$6.86

arrowUp$0.01

YTD Returns w/o sales charge as of 05/26/2023

0.22%

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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

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 05/26/2023  

w/o sales charge 5.02%

30-Day Standardized Yield 2 as of 04/30/2023  

5.35%

Average Yield to Worst as of 04/28/2023

6.41%

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Fund Basicsas of 04/28/2023

Total Net Assets
$21.86 B
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.83%
Fund Net Expense Ratio
0.83%
Number of Holdings
856

Fund Expense Ratio :

Gross 0.83%

Net 0.83%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 2.34% -2.22% 2.64% 1.80% 3.41% -
Lipper Category Avg. Multi-Sector Income Funds 3.07% -1.06% 1.73% 1.50% 2.24% -
Bloomberg U.S. Aggregate Bond Index 3.59% -0.43% -3.15% 1.18% 1.32% -
w/ sales charge 2.34% -2.22% 2.64% 1.80% 3.41% -

Fund Expense Ratio :

Gross 0.83%

Net 0.83%

Fund Expense Ratio :

Gross 0.83%

Net 0.83%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 1.78% -5.55% 3.82% 1.65% 3.52% -
Lipper Category Avg. Multi-Sector Income Funds 2.44% -4.20% 2.63% 1.33% 2.35% -
Bloomberg U.S. Aggregate Bond Index 2.96% -4.78% -2.77% 0.91% 1.36% -

Fund Expense Ratio :

Gross 0.83%

Net 0.83%

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

RELATED CONTENT

Multisector Investing: Key Themes for Today’s Market
November 1, 2021

Lord Abbett experts discuss the current uncertainty around rates and inflation—and the potential appeal of a multisector fixed income strategy in such an environment

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

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

Maturity Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

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

Credit Quality Distribution as of 04/28/2023 View Portfolio

Rating Assets
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
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 Years of Industry Experience

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

Partner & Portfolio Manager

25 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

29 Years of Industry Experience

Robert S. Clark
Robert S. Clark, CFA

Portfolio Manager

26 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

15 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

32 Years of Industry Experience

Supported By 76 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 05/26/2023  

w/o sales charge 5.02%

30-Day Standardized Yield 2 as of 04/30/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.35% 5.35%

Fund Expense Ratio :

Gross 0.83%

Net 0.83%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 2.34% -2.22% 2.64% 1.80% 3.41% -
Lipper Category Avg. Multi-Sector Income Funds 3.07% -1.06% 1.73% 1.50% 2.24% -
Bloomberg U.S. Aggregate Bond Index 3.59% -0.43% -3.15% 1.18% 1.32% -
w/ sales charge 2.34% -2.22% 2.64% 1.80% 3.41% -

Fund Expense Ratio :

Gross 0.83%

Net 0.83%

Fund Expense Ratio :

Gross 0.83%

Net 0.83%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 1.78% -5.55% 3.82% 1.65% 3.52% -
Lipper Category Avg. Multi-Sector Income Funds 2.44% -4.20% 2.63% 1.33% 2.35% -
Bloomberg U.S. Aggregate Bond Index 2.96% -4.78% -2.77% 0.91% 1.36% -

Fund Expense Ratio :

Gross 0.83%

Net 0.83%

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Year Fund Returns Bloomberg U.S. Aggregate Bond Index
2022 -12.73% -13.01%
2021 3.21% -1.54%
2020 7.41% 7.51%
2019 13.46% 8.72%
2018 -3.83% 0.01%
2017 9.16% 3.54%
2016 12.29% 2.65%
2015 -1.80% 0.55%
2014 4.49% 5.97%
2013 7.89% -2.02%
2012 13.21% -
2011 4.10% -
2010 13.12% -
2009 35.53% -
2008 -20.34% -
2007 5.46% -
2006 10.02% -
2005 1.67% -
2004 8.69% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 1.78% - - - -
2022 -5.96% -7.79% -1.89% 2.59% -12.73%
2021 0.82% 2.17% 0.10% 0.10% 3.21%
2020 -12.02% 10.08% 4.47% 6.16% 7.41%
2019 6.81% 3.59% 0.60% 1.93% 13.46%
2018 -1.03% -0.04% 2.23% -4.92% -3.83%
2017 2.78% 1.96% 2.52% 1.61% 9.16%
2016 1.62% 4.30% 4.74% 1.15% 12.29%
2015 3.39% -0.45% -3.63% -0.99% -1.80%
2014 2.86% 2.54% -1.57% 0.65% 4.49%
2013 3.14% -1.35% 2.59% 3.35% 7.89%
2012 5.69% 0.14% 4.49% 2.37% 13.21%
2011 4.25% 0.88% -6.45% 5.81% 4.10%
2010 3.87% -1.18% 6.54% 3.44% 13.12%
2009 2.45% 12.87% 11.44% 5.17% 35.53%
2008 -2.89% 1.46% -7.81% -12.30% -20.34%
2007 2.54% 1.26% 1.93% -0.36% 5.46%
2006 2.75% -0.50% 3.58% 3.89% 10.02%
2005 -1.84% 1.57% 1.55% 0.43% 1.67%
2004 - - - 4.32% 8.69%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
U.S. High Yield Corporate
U.S. Investment Grade Corporate
MBS
Non-U.S. Investment Grade Corporate
Non-U.S. High Yield Corporate
Equity
CMBS
ABS
Sovereign
Municipals
Bank Loans
CLO
Cash
Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

Credit Quality Distribution as of 04/28/2023

Rating Assets
Agency
AAA
AA
A
BBB
BB
B
<B
Not Rated

Portfolio Positioning as of 03/31/2023

  • The Fund remained diversified across broad fixed income sectors. Beyond investment grade and high yield corporate bonds, the Fund maintained a meaningful allocation to agency mortgage-backed securities (MBS), as well as modest allocations to convertible bonds, sovereign debt, and municipal bonds. We believe select exposures to these sectors offer attractive risk-reward opportunities, potential portfolio diversification benefits and avenues for liquidity. On the other hand, we reduced allocations to asset classes such as bank loans and structured products like commercial mortgage-backed security (CMBS) and asset-backed securities (ABS).
  • The Fund continued to be positioned primarily in higher quality and more liquid investments. We have continued to prioritize the Fund’s exposure to higher quality credits, which continued in the first quarter. We continued to target larger, more liquid complexes within both investment grade and high yield cash markets given the macroeconomic uncertainty. That being said, we selectively added BB and B rated bonds that offered attractive entry points. Although the Fund maintained higher exposure to below investment grade credit relative to the benchmark, we focused on adding quality credits that we believe are less exposed to downside tail risks.
  • We shifted the Fund’s composition towards investments with shorter duration and higher carry. During the quarter, we rotated the Fund out of its high-quality sovereign, supranational and agency holdings, as well as municipal exposure and longer duration investment grade and EM corporates. We repositioned these funds into other areas that we believed would exhibit higher quality investments with more carry opportunity, including select sectors of securitized products and high yield bonds.
  • We increased the Fund’s Agency MBS exposure. We added to agency MBS in January on the back of better inflation data. This purchase was based on several factors, including the desire to add liquid, high-quality risk. Agency MBS would also benefit from a potential period of lower rate volatility in the near term, and the asset class possesses a unique potential to deliver favorable outcomes in both soft and hard landing scenarios as a government guaranteed asset. As we move past what may be the worst of the regional banking volatility, we continue to closely monitor this asset class for technical pressure from deposits. To complement our agency MBS, we increased Prime Jumbo exposure which had broadly lagged the overall spread tightening that came from banks forced selling in late December 2022.
  • We are constructive on the Basic Industry and Energy sectors, which were the top overweight within the corporate sector allocation. On the corporate front, we continue to favor investments in the Basic Industry sector, primarily companies within the Metals and Mining and Steel subsectors. We believe these issuers have better upside potential given the recent selloff in more cyclical parts of the high yield space throughout the beginning of 2023. We also expect these companies to be supported by the economic reopening in China, which should provide a tailwind for commodity prices. We had also added to investments within the Building Materials subsector that yielded attractive entry points but have more recently trimmed this allocation in response to sensitivity to ongoing rate volatility. We also remain overweight certain defensive sectors like Utilities as a ballast to these cyclical overweights.
  • The Energy sector continued to exhibit defensive characteristics, particularly as the high yield energy index trades at much tighter spreads than the overall high yield market. However, the sector pulled back this quarter amid a stretch of softer oil prices and concerns of a decreased global economic growth outlook. We reduced holdings that we believed yielded rich valuations as well as several lower-quality, higher beta high yield issues. However, we continue to believe that Energy issuers should continue to be supported by relatively higher oil prices given the ongoing inadequate global capacity issues. We also continue to view Energy as a much more defensive sector than in prior periods given relatively healthy balance sheets.

Portfolio Details as of 04/28/2023

Total Net Assets
$21.86 B
Number of Issues
856
Average Coupon
5.06%
Average Life
7.86 Years
Average Maturity
9.51 Years
Average Effective Duration
5.12 Years
Average Yield to Worst
6.41%

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.

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Holding Coupon Maturity Assets
30-YR GNMA II-TBA PROD JUN 5.000% 01/01/2053 1.7%
30-YR UMBS-TBA PROD JUN 5.500% 02/01/2053 0.9%
30-YR GNMA II-TBA PROD JUN 6.000% 11/01/2052 0.9%
30-YR GNMA II-TBA PROD MAY 5.500% 12/01/2052 0.7%
30-YR UMBS-TBA PROD JUN 6.000% 10/01/2052 0.7%
30-YR UMBS-TBA PROD JUN 6.500% 11/01/2052 0.6%
Sprint Capital Corp 6.875% 11/15/2028 0.6%
30-YR GNMA II-TBA PROD JUN 3.000% 01/01/2052 0.5%
American Airlines Inc/AAdvantage Loyalty IP Ltd 5.750% 04/20/2029 0.5%
30-YR GNMA II-TBA PROD MAY 4.000% 08/01/2052 0.5%
% of Total Assets 7.6%

Click here for an An Update on Silicon Valley Bank and Signature Bank and Lord Abbett Fund Portfolio Holdings

Holding Coupon Maturity Assets
30-YR GNMA II-TBA PROD MAY5.000% 11/01/20521.7%
United States Treasury Inflation Indexed Bonds1.625% 10/15/20271.3%
United States Treasury Inflation Indexed Bonds1.125% 01/15/20330.9%
30-YR UMBS-TBA PROD MAY6.000% 11/01/20520.8%
30-YR GNMA II-TBA PROD MAY6.000% 12/01/20520.8%
30-YR UMBS-TBA PROD MAY6.500% 11/01/20520.7%
30-YR UMBS-TBA PROD MAY5.500% 01/01/20530.7%
30-YR GNMA II-TBA PROD MAY5.500% 12/01/20520.6%
30-YR GNMA II-TBA PROD MAY3.000% 02/01/20520.6%
BARCLAYS CAPITAL0.010% 04/03/20230.6%
Sprint Capital Corp6.875% 11/15/20280.6%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.750% 04/20/20290.5%
Crowdstrike Holdings Inc3.000% 02/15/20290.5%
T-Mobile USA Inc3.375% 04/15/20290.5%
Antero Resources Corp5.375% 03/01/20300.4%
30-YR GNMA II-TBA PROD MAY6.500% 12/01/20520.4%
TransDigm Inc5.500% 11/15/20270.4%
SHOW Trust 2022-BIZ1.000% 01/15/20240.4%
SM Energy Co6.625% 01/15/20270.4%
United States Treasury Inflation Indexed Bonds0.000% 02/15/20530.4%
Continental Resources Inc/OK4.375% 01/15/20280.4%
30-YR UMBS-TBA PROD MAY2.000% 11/01/20510.4%
30-YR UMBS-TBA PROD MAY4.500% 09/01/20520.4%
Netflix Inc4.875% 04/15/20280.3%
Mercedes-Benz Auto Receivables Trust 2022-15.210% 08/16/20270.3%
Fannie Mae Pool2.500% 12/01/20510.3%
TORONTO DOMINION BANK THE0.010% 04/03/20230.3%
CSMC 2021-BRIT8.401% 05/15/20230.3%
Dominican Republic International Bond6.000% 02/22/20330.3%
Kraft Heinz Foods Co4.375% 06/01/20460.3%
Occidental Petroleum Corp6.125% 01/01/20310.3%
30-YR GNMA II-TBA PROD APR6.000% 12/01/20520.3%
Hilton Domestic Operating Co Inc4.875% 01/15/20300.3%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.3%
Celanese US Holdings LLC6.165% 07/15/20270.3%
Vmed O2 UK Financing I PLC4.250% 01/31/20310.3%
Vital Energy Inc10.125% 01/15/20280.3%
Credit Suisse Group AG3.869% 01/12/20290.3%
Cenovus Energy Inc5.400% 06/15/20470.3%
American Express Credit Account Master Trust0.900% 11/15/20260.3%
GS Mortgage Securities Corp Trust 2021-ROSS MZ14.184% 06/15/20260.3%
Western Midstream Operating LP4.300% 02/01/20300.3%
30-YR UMBS-TBA PROD MAY4.000% 09/01/20520.3%
MEG Energy Corp7.125% 02/01/20270.3%
Calpine Corp4.625% 02/01/20290.3%
30-YR GNMA II-TBA PROD MAY4.500% 09/01/20520.3%
Ford Motor Co3.250% 02/12/20320.3%
30-YR GNMA II-TBA PROD APR4.000% 08/01/20520.3%
DISH Network Corp11.750% 11/15/20270.3%
ON Semiconductor Corp3.875% 09/01/20280.3%
30-YR GNMA II-TBA PROD MAY3.500% 05/01/20520.3%
CHS/Community Health Systems Inc4.750% 02/15/20310.3%
VICI Properties LP / VICI Note Co Inc4.625% 12/01/20290.3%
Elmwood CLO 23 Ltd0.000% 04/16/20360.3%
MSCI Inc3.875% 02/15/20310.3%
30-YR UMBS-TBA PROD APR5.500% 01/01/20530.3%
Tencent Holdings Ltd3.595% 01/19/20280.3%
Turkey Government International Bond5.125% 02/17/20280.3%
BHMS 2018-ATLS5.934% 07/15/20350.3%
Royal Caribbean Cruises Ltd7.250% 01/15/20300.3%
Endeavor Energy Resources LP / EER Finance Inc5.750% 01/30/20280.3%
Apache Corp5.100% 09/01/20400.3%
Citigroup Mortgage Loan Trust 2022-INV13.000% 11/27/20510.3%
PDC Energy Inc5.750% 05/15/20260.3%
ROBLOX Corp3.875% 05/01/20300.3%
CaixaBank SA6.208% 01/18/20290.3%
Netflix Inc3.625% 05/15/20270.3%
HSBC Holdings PLC2.999% 03/10/20260.3%
Chesapeake Energy Corp6.750% 04/15/20290.3%
Range Resources Corp8.250% 01/15/20290.2%
Standard Chartered PLC7.767% 11/16/20280.2%
Costa Rica Government International Bond7.158% 03/12/20450.2%
Amazon.com Inc3.150% 08/22/20270.2%
Topaz Solar Farms LLC5.750% 09/30/20390.2%
Westlake Automobile Receivables Trust 2021-13.910% 09/15/20270.2%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.2%
MF1 2022-FL9 LLC6.841% 06/19/20370.2%
Australia & New Zealand Banking Group Ltd6.742% 12/08/20320.2%
30-YR GNMA II-TBA PROD APR4.500% 09/01/20520.2%
Churchill Downs Inc5.500% 04/01/20270.2%
Ford Motor Credit Co LLC4.000% 11/13/20300.2%
VZ Secured Financing BV5.000% 01/15/20320.2%
30-YR GNMA II-TBA PROD MAY4.000% 08/01/20520.2%
Deutsche Bank AG/New York NY7.079% 02/10/20340.2%
Connecticut Avenue Securities Trust 2023-R016.960% 12/25/20420.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Range Resources Corp4.750% 02/15/20300.2%
15-YR UMBS-TBA PROD MAY5.500% 10/01/20370.2%
TSMC Arizona Corp3.250% 10/25/20510.2%
First-Citizens Bank & Trust Co6.125% 03/09/20280.2%
Royal Caribbean Cruises Ltd9.250% 01/15/20290.2%
Apache Corp4.250% 01/15/20300.2%
30-YR GNMA II-TBA PROD APR5.000% 11/01/20520.2%
Fluor Corp4.250% 09/15/20280.2%
Southwestern Energy Co5.375% 02/01/20290.2%
Ball Corp2.875% 08/15/20300.2%
FirstEnergy Corp4.150% 07/15/20270.2%
Voya CLO 2014-1 Ltd5.884% 04/18/20310.2%
Vistra Operations Co LLC4.375% 05/01/20290.2%
Centene Corp3.375% 02/15/20300.2%
Sands China Ltd3.350% 03/08/20290.2%
SBA Communications Corp3.875% 02/15/20270.2%
Diamondback Energy Inc3.500% 12/01/20290.2%
EDP Finance BV6.300% 10/11/20270.2%
UPC Broadband Finco BV4.875% 07/15/20310.2%
Crown Castle Inc2.500% 07/15/20310.2%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.2%
TransDigm Inc4.625% 01/15/20290.2%
Freddie Mac Pool5.000% 07/01/20520.2%
OCP SA3.750% 06/23/20310.2%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.2%
Constellation Energy Generation LLC6.250% 10/01/20390.2%
CCO Holdings LLC / CCO Holdings Capital Corp5.375% 06/01/20290.2%
Hershey Co/The0.000% -0.2%
Ferrari NV0.000% -0.2%
Tenet Healthcare Corp6.125% 10/01/20280.2%
Fannie Mae Pool2.500% 12/01/20510.2%
CSMC 2021-BPNY8.399% 08/15/20230.2%
MEG Energy Corp5.875% 02/01/20290.2%
BNP Paribas SA5.125% 01/13/20290.2%
Frontier Communications Holdings LLC5.875% 10/15/20270.2%
NRG Energy Inc3.875% 02/15/20320.2%
Vistra Operations Co LLC5.125% 05/13/20250.2%
JPMorgan Chase & Co3.540% 05/01/20280.2%
Regal Rexnord Corp6.400% 04/15/20330.2%
PFS Financing Corp3.890% 05/15/20270.2%
Sabine Pass Liquefaction LLC4.500% 05/15/20300.2%
State of Illinois5.100% 06/01/20330.2%
Republic of South Africa Government International Bond4.300% 10/12/20280.2%
Haleon US Capital LLC3.625% 03/24/20320.2%
NextEra Energy Operating Partners LP3.875% 10/15/20260.2%
BA Credit Card Trust5.000% 04/15/20280.2%
CQP Holdco LP / BIP-V Chinook Holdco LLC5.500% 06/15/20310.2%
Weatherford International Ltd8.625% 04/30/20300.2%
NatWest Group PLC7.472% 11/10/20260.2%
Vmed O2 UK Financing I PLC4.750% 07/15/20310.2%
Post Holdings Inc4.500% 09/15/20310.2%
United Airlines 2020-1 Class A Pass Through Trust5.875% 04/15/20290.2%
ArcelorMittal SA6.550% 11/29/20270.2%
California Resources Corp7.125% 02/01/20260.2%
Carnival Corp9.875% 08/01/20270.2%
HCA Inc3.500% 09/01/20300.2%
Huntington Ingalls Industries Inc4.200% 05/01/20300.2%
Deutsche Bank AG/New York NY6.720% 01/18/20290.2%
Flagship Credit Auto Trust 2023-15.380% 12/15/20260.2%
Elmwood CLO 21 Ltd0.000% 11/20/20350.2%
Post Holdings Inc4.625% 04/15/20300.2%
Rayonier LP2.750% 05/17/20310.2%
Ford Motor Co6.100% 08/19/20320.2%
Live Nation Entertainment Inc3.750% 01/15/20280.2%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-BOLT11.384% 08/15/20330.2%
Flatiron CLO 18 Ltd5.844% 04/17/20310.2%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20250.2%
MSCI Inc4.000% 11/15/20290.2%
OCP CLO 2016-12 Ltd5.902% 04/18/20330.2%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.500% 03/01/20250.2%
Mohegan Tribal Gaming Authority8.000% 02/01/20260.2%
Ally Financial Inc6.700% 02/14/20330.2%
Aeropuerto Internacional de Tocumen SA5.125% 08/11/20610.2%
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp4.875% 05/01/20290.2%
Azul Investments LLP5.875% 10/26/20240.2%
Mineral Resources Ltd8.500% 05/01/20300.2%
Callon Petroleum Co6.375% 07/01/20260.2%
H&E Equipment Services Inc3.875% 12/15/20280.2%
AES Corp/The2.450% 01/15/20310.2%
30-YR GNMA II-TBA PROD APR5.500% 12/01/20520.2%
Kosmos Energy Ltd7.750% 05/01/20270.2%
Raytheon Technologies Corp5.150% 02/27/20330.2%
Triumph Group Inc9.000% 03/15/20280.2%
Murphy Oil Corp5.875% 12/01/20270.2%
Freddie Mac Pool3.500% 08/01/20450.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Viper Energy Partners LP5.375% 11/01/20270.2%
SCIH Salt Holdings Inc4.875% 05/01/20280.2%
OCP CLO 2021-22 Ltd6.467% 12/02/20340.2%
SeaWorld Parks & Entertainment Inc5.250% 08/15/20290.2%
Astoria Energy LLC8.090% 12/10/20270.2%
Texas Debt Capital CLO 2023-I Ltd6.709% 04/20/20360.2%
CITIGROUP MORTGAGE LOAN TRUST 2021-INV22.500% 05/25/20510.2%
Alibaba Group Holding Ltd2.125% 02/09/20310.2%
Clearway Energy Operating LLC4.750% 03/15/20280.2%
Oceaneering International Inc6.000% 02/01/20280.2%
Delta Air Lines Inc7.000% 05/01/20250.2%
Mercedes-Benz Finance North America LLC4.800% 03/30/20280.2%
Boeing Co/The5.805% 05/01/20500.2%
Callon Petroleum Co8.000% 08/01/20280.2%
Ovintiv Inc6.500% 02/01/20380.2%
Warrior Met Coal Inc7.875% 12/01/20280.2%
Tenet Healthcare Corp6.125% 06/15/20300.2%
Intercontinental Exchange Inc4.000% 09/15/20270.2%
J.P. Morgan Mortgage Trust 2021-INV83.000% 05/25/20520.2%
Brown & Brown Inc2.375% 03/15/20310.2%
Viterra Finance BV2.000% 04/21/20260.2%
Fannie Mae Pool5.000% 07/01/20520.2%
Duke Energy Corp4.300% 03/15/20280.2%
Bombardier Inc7.500% 02/01/20290.2%
Carnival Corp4.000% 08/01/20280.2%
OQ SAOC5.125% 05/06/20280.2%
Bank of America Corp3.384% 04/02/20260.2%
Teck Resources Ltd3.900% 07/15/20300.2%
Freeport-McMoRan Inc5.400% 11/14/20340.2%
Univision Communications Inc4.500% 05/01/20290.2%
Caesars Entertainment Inc4.625% 10/15/20290.2%
NCL Corp Ltd5.875% 02/15/20270.2%
Centene Corp4.625% 12/15/20290.2%
Murphy Oil USA Inc3.750% 02/15/20310.2%
Lattice Semiconductor Corp0.000% -0.2%
Molina Healthcare Inc3.875% 05/15/20320.2%
JT International Financial Services BV6.875% 10/24/20320.2%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-NLP5.934% 04/15/20370.2%
Moncler SpA0.000% -0.2%
CrownRock LP / CrownRock Finance Inc5.000% 05/01/20290.2%
Bank OZK2.750% 10/01/20310.2%
Clorox Co/The0.000% -0.2%
Crescent Energy Finance LLC7.250% 05/01/20260.2%
Churchill Downs Inc4.750% 01/15/20280.2%
Freddie Mac STACR REMIC Trust 2022-HQA36.860% 08/25/20420.2%
WMG Acquisition Corp3.750% 12/01/20290.2%
SEB Funding LLC4.969% 01/30/20520.2%
Regeneron Pharmaceuticals Inc2.800% 09/15/20500.2%
PartnerRe Finance B LLC3.700% 07/02/20290.2%
Cie Financiere Richemont SA0.000% -0.2%
CS Master Trust8.634% 04/15/20250.2%
GS Mortgage Securities Corp Trust 2023-FUN6.897% 03/15/20280.2%
Southwestern Energy Co5.375% 03/15/20300.2%
NextEra Energy Operating Partners LP4.500% 09/15/20270.2%
Novelis Corp4.750% 01/30/20300.2%
Las Vegas Sands Corp3.500% 08/18/20260.2%
Resorts World Las Vegas LLC / RWLV Capital Inc4.625% 04/16/20290.2%
Comstock Resources Inc6.750% 03/01/20290.2%
ModivCare Escrow Issuer Inc5.000% 10/01/20290.2%
Campbell Soup Co0.000% -0.2%
Constellation Energy Generation LLC5.800% 03/01/20330.2%
Santander Drive Auto Receivables Trust 2023-15.090% 05/15/20300.2%
Delta Air Lines Inc / SkyMiles IP Ltd4.750% 10/20/20280.2%
Bank of Ireland Group PLC6.253% 09/16/20260.2%
Argentine Republic Government International Bond0.000% 07/09/20300.2%
Amphenol Corp2.800% 02/15/20300.2%
UnitedHealth Group Inc4.200% 05/15/20320.2%
McCormick & Co Inc/MD2.500% 04/15/20300.2%
Avolon Holdings Funding Ltd4.250% 04/15/20260.2%
Trimble Inc6.100% 03/15/20330.1%
Pasadena Public Financing Authority7.148% 03/01/20430.1%
Bacardi Ltd4.700% 05/15/20280.1%
CCO Holdings LLC / CCO Holdings Capital Corp5.000% 02/01/20280.1%
Synchrony Financial7.250% 02/02/20330.1%
NVR Inc3.000% 05/15/20300.1%
Cabot Corp5.000% 06/30/20320.1%
Levi Strauss & Co3.500% 03/01/20310.1%
PetSmart Inc / PetSmart Finance Corp7.750% 02/15/20290.1%
Sands China Ltd4.875% 06/18/20300.1%
United Rentals North America Inc4.875% 01/15/20280.1%
Hunt Cos Inc5.250% 04/15/20290.1%
AIA Group Ltd3.200% 09/16/20400.1%
Hess Corp5.600% 02/15/20410.1%
Ball Corp6.875% 03/15/20280.1%
Benchmark 2019-B12 Mortgage Trust4.246% 08/15/20520.1%
Medline Borrower LP3.875% 04/01/20290.1%
Pacific Gas and Electric Co6.150% 01/15/20330.1%
Caesars Entertainment Inc7.000% 02/15/20300.1%
BMW US Capital LLC4.150% 04/09/20300.1%
Asbury Automotive Group Inc4.625% 11/15/20290.1%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.1%
American Express Credit Account Master Trust3.390% 05/15/20270.1%
Vital Energy Inc7.750% 07/31/20290.1%
Fannie Mae Pool3.500% 04/01/20520.1%
Fannie Mae Pool2.500% 09/01/20510.1%
Intuit Inc1.650% 07/15/20300.1%
PG&E Corp5.000% 07/01/20280.1%
Williams Cos Inc/The5.650% 03/15/20330.1%
Murphy Oil Corp6.375% 07/15/20280.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Webster Financial Corp4.100% 03/25/20290.1%
Fannie Mae Pool2.000% 11/01/20510.1%
Cloud Software Group Holdings Inc6.500% 03/31/20290.1%
Oaktree CLO 2019-4 Ltd6.508% 10/20/20320.1%
Genting Singapore Ltd0.000% -0.1%
Centene Corp3.000% 10/15/20300.1%
Global Payments Inc2.900% 05/15/20300.1%
Campbell Soup Co2.375% 04/24/20300.1%
Danske Bank A/S6.466% 01/09/20260.1%
Kraft Heinz Foods Co4.875% 10/01/20490.1%
Life 2022-BMR Mortgage Trust6.122% 05/15/20390.1%
Ferguson Finance PLC3.250% 06/02/20300.1%
Fannie Mae Pool5.000% 07/01/20520.1%
CCO Holdings LLC / CCO Holdings Capital Corp6.375% 09/01/20290.1%
Honeywell International Inc4.125% 11/02/20340.1%
Madison IAQ LLC4.125% 06/30/20280.1%
Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd6.677% 05/15/20370.1%
Bellis Acquisition Co PLC3.250% 02/16/20260.1%
Range Resources Corp4.875% 05/15/20250.1%
Patterson-UTI Energy Inc5.150% 11/15/20290.1%
Edwards Lifesciences Corp4.300% 06/15/20280.1%
15-YR UMBS-TBA PROD APR5.500% 10/01/20370.1%
SCIH Salt Holdings Inc6.625% 05/01/20290.1%
FMG Resources August 2006 Pty Ltd6.125% 04/15/20320.1%
Jacobs Engineering Group Inc5.900% 03/01/20330.1%
Southwestern Energy Co8.375% 09/15/20280.1%
Minejesa Capital BV4.625% 08/10/20300.1%
Allison Transmission Inc3.750% 01/30/20310.1%
Air Canada3.875% 08/15/20260.1%
Cargill Inc4.875% 10/10/20250.1%
QatarEnergy3.300% 07/12/20510.1%
Matador Resources Co5.875% 09/15/20260.1%
General Mills Inc4.950% 03/29/20330.1%
Avis Budget Car Rental LLC / Avis Budget Finance Inc5.750% 07/15/20270.1%
Alaska Airlines 2020-1 Class A Pass Through Trust4.800% 02/15/20290.1%
Santander Drive Auto Receivables Trust 2023-14.980% 02/15/20280.1%
Adani Ports & Special Economic Zone Ltd4.375% 07/03/20290.1%
Freddie Mac STACR REMIC Trust 2022-HQA38.110% 08/25/20420.1%
Helmerich & Payne Inc2.900% 09/29/20310.1%
Chart Industries Inc7.500% 01/01/20300.1%
ServiceNow Inc1.400% 09/01/20300.1%
Ameriprise Financial Inc5.150% 05/15/20330.1%
Ford Motor Credit Co LLC2.900% 02/10/20290.1%
Albemarle Corp4.650% 06/01/20270.1%
Smithfield Foods Inc5.200% 04/01/20290.1%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.1%
Morgan Stanley4.679% 07/17/20260.1%
Buckeye Partners LP8.835% 01/22/20780.1%
BX Commercial Mortgage Trust 2021-VOLT5.384% 09/15/20360.1%
15-YR UMBS-TBA PROD MAY5.000% 12/01/20370.1%
Bombardier Inc7.125% 06/15/20260.1%
Newmont Corp2.250% 10/01/20300.1%
Ford Credit Auto Lease Trust 2023-A5.540% 12/15/20260.1%
Roller Bearing Co of America Inc4.375% 10/15/20290.1%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.1%
SRS Distribution Inc4.625% 07/01/20280.1%
Oceaneering International Inc4.650% 11/15/20240.1%
Petroleos Mexicanos5.350% 02/12/20280.1%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.1%
News Corp3.875% 05/15/20290.1%
Patterson-UTI Energy Inc3.950% 02/01/20280.1%
GS Mortgage Securities Corp Trust 2021-ARDN7.434% 11/15/20360.1%
Apache Corp4.750% 04/15/20430.1%
CERAMTEC ACQUICO GMBH6.448% 03/16/20290.1%
Nabors Industries Inc7.375% 05/15/20270.1%
Eaton Corp4.150% 03/15/20330.1%
Olin Corp5.125% 09/15/20270.1%
Merlin Entertainments Ltd5.750% 06/15/20260.1%
Centene Corp2.500% 03/01/20310.1%
USA Compression Partners LP / USA Compression Finance Corp6.875% 09/01/20270.1%
Carnival Holdings Bermuda Ltd10.375% 05/01/20280.1%
Hecla Mining Co7.250% 02/15/20280.1%
Cable One Inc4.000% 11/15/20300.1%
Leggett & Platt Inc4.400% 03/15/20290.1%
MSCI Inc3.250% 08/15/20330.1%
Calpine Corp5.125% 03/15/20280.1%
VeriSign Inc2.700% 06/15/20310.1%
Permanent University Fund - Texas A&M University System3.660% 07/01/20470.1%
AIA Group Ltd3.375% 04/07/20300.1%
Olin Corp5.000% 02/01/20300.1%
Perimeter Master Note Business Trust4.230% 05/15/20240.1%
Avant Loans Funding Trust 2021-REV11.210% 07/15/20300.1%
Monongahela Power Co3.550% 05/15/20270.1%
Cheniere Energy Partners LP3.250% 01/31/20320.1%
Tenet Healthcare Corp4.375% 01/15/20300.1%
Imperial Brands Finance PLC6.125% 07/27/20270.1%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.1%
Catalent Pharma Solutions Inc3.125% 02/15/20290.1%
NGPL PipeCo LLC3.250% 07/15/20310.1%
Viterra Finance BV5.250% 04/21/20320.1%
AbbVie Inc3.200% 11/21/20290.1%
Genting New York LLC / GENNY Capital Inc3.300% 02/15/20260.1%
PulteGroup Inc6.375% 05/15/20330.1%
SC Johnson & Son Inc4.750% 10/15/20460.1%
Pattern Energy Operations LP / Pattern Energy Operations Inc4.500% 08/15/20280.1%
DT Midstream Inc4.300% 04/15/20320.1%
Petroleos Mexicanos5.950% 01/28/20310.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV4.125% 04/30/20280.1%
Colonial Enterprises Inc3.250% 05/15/20300.1%
Kaiser Aluminum Corp4.500% 06/01/20310.1%
Travel + Leisure Co6.000% 04/01/20270.1%
Roper Technologies Inc1.750% 02/15/20310.1%
Enel Finance International NV3.500% 04/06/20280.1%
Netflix Inc0.000% -0.1%
Vale Overseas Ltd3.750% 07/08/20300.1%
Memorial Sloan-Kettering Cancer Center4.200% 07/01/20550.1%
FirstEnergy Transmission LLC2.866% 09/15/20280.1%
Puget Energy Inc4.100% 06/15/20300.1%
Pentair PLC0.000% -0.1%
NGPL PipeCo LLC4.875% 08/15/20270.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
EFS Cogen Holdings I LLC8.660% 10/01/20270.1%
Permian Resources Operating LLC6.875% 04/01/20270.1%
SK Invictus Intermediate II Sarl5.000% 10/30/20290.1%
California State University3.899% 11/01/20470.1%
Southwest Gas Corp4.050% 03/15/20320.1%
Progressive Corp/The0.000% -0.1%
Sands China Ltd5.900% 08/08/20280.1%
WMG Acquisition Corp3.000% 02/15/20310.1%
Go Daddy Operating Co LLC / GD Finance Co Inc5.250% 12/01/20270.1%
Genuine Parts Co2.750% 02/01/20320.1%
Marriott International Inc/MD3.500% 10/15/20320.1%
Hyatt Hotels Corp0.000% -0.1%
Venture Global Calcasieu Pass LLC3.875% 08/15/20290.1%
GLP Capital LP / GLP Financing II Inc4.000% 01/15/20300.1%
Mobileye Global Inc0.000% -0.1%
Foothill-Eastern Transportation Corridor Agency4.094% 01/15/20490.1%
US Bancorp3.000% 07/30/20290.1%
Booking Holdings Inc0.000% -0.1%
Otis Worldwide Corp2.565% 02/15/20300.1%
Cenovus Energy Inc2.650% 01/15/20320.1%
United Overseas Bank Ltd2.000% 10/14/20310.1%
Charles River Laboratories International Inc3.750% 03/15/20290.1%
Aston Martin Capital Holdings Ltd10.500% 11/30/20250.1%
CDW LLC / CDW Finance Corp3.569% 12/01/20310.1%
GS Mortgage Securities Corp Trust 2022-AGSS7.771% 08/15/20390.1%
ANSYS Inc0.000% -0.1%
Wix.com Ltd0.000% -0.1%
Teledyne FLIR LLC2.500% 08/01/20300.1%
Genesis Sales Finance Master Trust1.200% 12/21/20260.1%
Lam Research Corp0.000% -0.1%
Linde PLC0.000% -0.1%
Raytheon Technologies Corp4.125% 11/16/20280.1%
CF Industries Inc4.500% 12/01/20260.1%
Connecticut Avenue Securities Trust 2022-R0110.560% 12/25/20410.1%
Carlsberg AS0.000% -0.1%
Murphy Oil USA Inc4.750% 09/15/20290.1%
Ashtead Capital Inc5.500% 08/11/20320.1%
Align Technology Inc0.000% -0.1%
BAT Capital Corp7.750% 10/19/20320.1%
Trane Technologies Financing Ltd5.250% 03/03/20330.1%
Tencent Holdings Ltd3.925% 01/19/20380.1%
IPG Photonics Corp0.000% -0.1%
Entegris Escrow Corp4.750% 04/15/20290.1%
Navient Corp5.500% 03/15/20290.1%
American Express Credit Account Master Trust3.750% 08/15/20270.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Elevance Health Inc2.250% 05/15/20300.1%
OneMain Financial Issuance Trust 2020-21.750% 09/14/20350.1%
Parker-Hannifin Corp0.000% -0.1%
Frontier Communications Holdings LLC8.750% 05/15/20300.1%
Gap Inc/The3.875% 10/01/20310.1%
Littelfuse Inc0.000% -0.1%
CITGO Petroleum Corp7.000% 06/15/20250.1%
Greensaif Pipelines Bidco Sarl6.129% 02/23/20380.1%
Pernod Ricard SA0.000% -0.1%
BBCMS 2019-BWAY Mortgage Trust5.898% 11/15/20340.1%
Transatlantic Holdings Inc8.000% 11/30/20390.1%
Ritchie Bros Holdings Inc7.750% 03/15/20310.1%
Hilton Domestic Operating Co Inc3.750% 05/01/20290.1%
Tiffany & Co4.900% 10/01/20440.1%
Rockwell Automation Inc0.000% -0.1%
Snap-on Inc0.000% -0.1%
Bank of Ireland Group PLC2.029% 09/30/20270.1%
TerraForm Power Operating LLC5.000% 01/31/20280.1%
Republic Services Inc2.375% 03/15/20330.1%
Sealed Air Corp6.875% 07/15/20330.1%
FedEx Corp 2020-1 Class AA Pass Through Trust1.875% 08/20/20350.1%
Calpine Corp3.750% 03/01/20310.1%
A O Smith Corp0.000% -0.1%
Tenet Healthcare Corp4.875% 01/01/20260.1%
Airbnb Inc0.000% -0.1%
Anglo American Capital PLC5.625% 04/01/20300.1%
Nexstar Media Inc4.750% 11/01/20280.1%
NTT Finance Corp4.372% 07/27/20270.1%
Arch Capital Finance LLC4.011% 12/15/20260.1%
Wynn Resorts Ltd0.000% -0.1%
Serbia International Bond6.250% 05/26/20280.1%
Cboe Global Markets Inc0.000% -0.1%
PTC Inc4.000% 02/15/20280.1%
Santander Drive Auto Receivables Trust 2022-34.130% 08/16/20270.1%
Northwestern Mutual Life Insurance Co/The3.850% 09/30/20470.1%
Steel Dynamics Inc3.450% 04/15/20300.1%
Churchill Downs Inc0.000% -0.1%
Hillenbrand Inc3.750% 03/01/20310.1%
Dollar Tree Inc3.375% 12/01/20510.1%
ITC Holdings Corp4.950% 09/22/20270.1%
Phillips 664.950% 12/01/20270.1%
Ford Credit Auto Lease Trust 2023-A5.290% 06/15/20260.1%
Fortinet Inc0.000% -0.1%
US Foods Inc4.750% 02/15/20290.1%
Black Hills Corp4.350% 05/01/20330.1%
CME Group Inc0.000% -0.1%
Gen Digital Inc6.750% 09/30/20270.1%
Hermes International0.000% -0.1%
MC Brazil Downstream Trading SARL7.250% 06/30/20310.1%
Glencore Funding LLC2.500% 09/01/20300.1%
Medline Borrower LP5.250% 10/01/20290.1%
Pinterest Inc0.000% -0.1%
Ford Motor Credit Co LLC7.350% 11/04/20270.1%
TK Elevator US Newco Inc5.250% 07/15/20270.1%
United Airlines Inc4.625% 04/15/20290.1%
Zoetis Inc2.000% 05/15/20300.1%
Lloyds Banking Group PLC5.871% 03/06/20290.1%
Royal Caribbean Cruises Ltd5.500% 08/31/20260.1%
OCI NV6.700% 03/16/20330.1%
Roche Holdings Inc2.314% 03/10/20270.1%
Becle SAB de CV2.500% 10/14/20310.1%
Connecticut Avenue Securities Trust 2022-R087.110% 07/25/20420.1%
KLA Corp4.100% 03/15/20290.1%
Tradeweb Markets Inc0.000% -0.1%
AI Candelaria Spain SA5.750% 06/15/20330.1%
Lamb Weston Holdings Inc4.125% 01/31/20300.1%
SUNSHINE INVESTMENTS B V9.011% 07/12/20290.1%
Boyd Gaming Corp4.750% 12/01/20270.1%
Dick's Sporting Goods Inc0.000% -0.1%
Pioneer Natural Resources Co2.150% 01/15/20310.1%
ROBLOX Corp0.000% -0.1%
Bermuda Government International Bond2.375% 08/20/20300.1%
Lamb Weston Holdings Inc0.000% -0.1%
Ashland LLC3.375% 09/01/20310.1%
Pike Corp5.500% 09/01/20280.1%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.1%
Arista Networks Inc0.000% -0.1%
Toro Co/The0.000% -0.1%
Nucor Corp0.000% -0.1%
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd6.500% 06/20/20270.1%
1011778 BC ULC / New Red Finance Inc4.000% 10/15/20300.1%
Stonegate Pub Co Financing 2019 PLC8.000% 07/13/20250.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.1%
BankUnited Inc4.875% 11/17/20250.1%
Vulcan Materials Co4.500% 06/15/20470.1%
Viterra Finance BV3.200% 04/21/20310.1%
nVent Electric PLC0.000% -0.1%
Dexko Global Inc8.909% 10/04/20280.1%
Nexstar Media Inc5.625% 07/15/20270.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
SM Energy Co6.750% 09/15/20260.1%
Sociedad Quimica y Minera de Chile SA3.500% 09/10/20510.1%
Texas Roadhouse Inc0.000% -0.1%
Bausch + Lomb Corp8.457% 05/10/20270.1%
Teva Pharmaceutical Finance Netherlands III BV5.125% 05/09/20290.1%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.1%
Calpine Corp4.500% 02/15/20280.1%
T-Mobile USA Inc3.875% 04/15/20300.1%
Workday Inc3.800% 04/01/20320.1%
Madison IAQ LLC8.302% 06/21/20280.1%
AG Issuer LLC6.250% 03/01/20280.1%
Warnermedia Holdings Inc4.279% 03/15/20320.1%
Helix Gen Funding LLC8.590% 06/03/20240.1%
VICI Properties LP / VICI Note Co Inc4.625% 06/15/20250.1%
Metropolitan Museum of Art/The3.400% 07/01/20450.1%
United States Steel Corp6.875% 03/01/20290.1%
Altice France SA/France5.500% 10/15/20290.1%
Seattle Children's Hospital2.719% 10/01/20500.1%
Brooklyn Union Gas Co/The3.407% 03/10/20260.1%
Rockcliff Energy II LLC5.500% 10/15/20290.1%
Central Japan Railway Co2.200% 10/02/20240.1%
Electricite de France SA4.500% 09/21/20280.1%
Darling Ingredients Inc6.000% 06/15/20300.1%
Frontier Communications Holdings LLC8.625% 05/01/20280.1%
Danske Bank A/S4.298% 04/01/20280.1%
Goodman US Finance Five LLC4.625% 05/04/20320.1%
Bacardi Ltd2.750% 07/15/20260.1%
Cloud Software Group Inc9.498% 03/30/20290.1%
Tank Holding Corp10.657% 03/31/20280.1%
Bank Leumi Le-Israel BM7.129% 07/18/20330.1%
Ingevity Corp3.875% 11/01/20280.1%
Madison IAQ LLC5.875% 06/30/20290.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Bermuda Government International Bond3.375% 08/20/20500.1%
Occidental Petroleum Corp6.625% 09/01/20300.1%
Occidental Petroleum Corp7.500% 05/01/20310.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines LP8.750% 07/15/20260.1%
CNX Resources Corp7.250% 03/14/20270.1%
Cleveland Electric Illuminating Co/The3.500% 04/01/20280.1%
Kinder Morgan Inc5.200% 06/01/20330.1%
FactSet Research Systems Inc3.450% 03/01/20320.1%
Dallas Convention Center Hotel Development Corp7.088% 01/01/20420.1%
Connecticut Avenue Securities Trust 2019-R058.945% 07/25/20390.1%
Bombardier Inc6.000% 02/15/20280.1%
Continental Resources Inc/OK5.750% 01/15/20310.1%
Alcon Finance Corp2.600% 05/27/20300.1%
Qorvo Inc4.375% 10/15/20290.1%
Ecuador Government International Bond0.000% 07/31/20300.1%
Fannie Mae Pool3.500% 09/01/20510.1%
Indianapolis Power & Light Co5.650% 12/01/20320.1%
Hadrian Merger Sub Inc8.500% 05/01/20260.1%
Westinghouse Air Brake Technologies Corp3.450% 11/15/20260.1%
Hughes Satellite Systems Corp5.250% 08/01/20260.1%
Bath & Body Works Inc5.250% 02/01/20280.1%
State of California7.550% 04/01/20390.1%
Greywolf CLO III Ltd6.208% 04/15/20330.1%
Block Inc3.500% 06/01/20310.1%
Meta Platforms Inc4.450% 08/15/20520.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
AI Candelaria Spain SA7.500% 12/15/20280.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
Xiaomi Best Time International Ltd4.100% 07/14/20510.1%
Amazon.com Inc4.800% 12/05/20340.1%
DaVita Inc4.625% 06/01/20300.1%
Builders FirstSource Inc4.250% 02/01/20320.1%
Permian Resources Operating LLC5.375% 01/15/20260.1%
CS Master Trust8.862% 04/15/20230.1%
NOVA Chemicals Corp4.250% 05/15/20290.1%
Home BancShares Inc/AR3.125% 01/30/20320.1%
Marble Point CLO XVII Ltd6.108% 04/20/20330.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
Saudi Arabian Oil Co4.375% 04/16/20490.1%
Wynn Macau Ltd5.500% 10/01/20270.1%
Cleveland Clinic Foundation/The4.858% 01/01/21140.1%
AXIS Specialty Finance PLC5.150% 04/01/20450.1%
Montefiore Obligated Group5.246% 11/01/20480.1%
OCP CLO 2017-14 Ltd6.401% 11/20/20300.1%
Assurant Inc2.650% 01/15/20320.1%
GS Mortgage-Backed Securities Trust 2021-PJ62.500% 11/25/20510.1%
Amgen Inc5.250% 03/02/20300.1%
Philippine Government International Bond5.000% 07/17/20330.1%
Norinchukin Bank/The5.430% 03/09/20280.1%
BellRing Brands Inc7.000% 03/15/20300.1%
University of Miami4.063% 04/01/20520.1%
Central Japan Railway Co4.250% 11/24/20450.1%
nVent Finance Sarl2.750% 11/15/20310.1%
Arrow Electronics Inc6.125% 03/01/20260.1%
New York City Industrial Development Agency11.000% 03/01/20290.1%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.1%
Universal Display Corp0.000% -0.1%
Airport Authority4.875% 01/12/20330.1%
Regatta XVIII Funding Ltd6.242% 01/15/20340.1%
Sri Lanka Government International Bond5.875% 07/25/20220.1%
Spirit AeroSystems Inc9.375% 11/30/20290.1%
Entergy Arkansas LLC4.000% 06/01/20280.1%
Freeport LNG Investments LLLP8.308% 12/21/20280.1%
FMC Corp3.450% 10/01/20290.1%
Occidental Petroleum Corp8.875% 07/15/20300.1%
Ashtead Capital Inc5.550% 05/30/20330.1%
Hardee's Funding LLC4.959% 06/20/20480.1%
PepsiCo Inc3.000% 10/15/20270.1%
Shell International Finance BV2.875% 05/10/20260.1%
Connecticut Avenue Securities Trust 2022-R025.760% 01/25/20420.1%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.1%
Hess Midstream Operations LP5.125% 06/15/20280.1%
Bath & Body Works Inc6.625% 10/01/20300.1%
Life Time Inc5.750% 01/15/20260.1%
COMM 2014-UBS5 Mortgage Trust4.193% 09/10/20470.1%
GLP Capital LP / GLP Financing II Inc4.000% 01/15/20310.1%
CF Trust 2019-BOSS7.934% 12/15/20240.1%
Jane Street Group / JSG Finance Inc4.500% 11/15/20290.1%
Mount Sinai Hospitals Group Inc3.737% 07/01/20490.1%
New Jersey Transportation Trust Fund Authority4.131% 06/15/20420.1%
PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.1%
Metropolitan Transportation Authority5.175% 11/15/20490.1%
Capital One Multi-Asset Execution Trust3.490% 05/15/20270.1%
County of Miami-Dade FL Aviation Revenue4.280% 10/01/20410.1%
Imola Merger Corp4.750% 05/15/20290.1%
GS Mortgage-Backed Securities Corp Trust 2021-PJ12.500% 06/25/20510.1%
American Airlines Inc7.250% 02/15/20280.1%
AMN Healthcare Inc4.625% 10/01/20270.1%
Elmwood CLO 23 Ltd0.000% 04/16/20360.1%
Electricite de France SA3.625% 10/13/20250.1%
Petroleos Mexicanos10.000% 02/07/20330.1%
Toll Brothers Finance Corp4.350% 02/15/20280.1%
Suncor Energy Inc4.000% 11/15/20470.1%
USAA Capital Corp2.125% 05/01/20300.1%
CarMax Auto Owner Trust 2023-14.650% 01/16/20290.1%
Elmwood CLO 19 Ltd5.818% 10/17/20340.1%
LCPR Senior Secured Financing DAC6.750% 10/15/20270.1%
Western Alliance Bancorp3.000% 06/15/20310.1%
Ritchie Bros Holdings Inc6.750% 03/15/20280.1%
Fannie Mae Pool2.000% 11/01/20510.1%
HPLY Trust 2019-HIT5.684% 11/15/20360.1%
Freddie Mac STACR REMIC Trust 2022-DNA26.960% 02/25/20420.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
Pacific Gas and Electric Co6.700% 04/01/20530.1%
Atlantic City Electric Co4.000% 10/15/20280.1%
Lennox International Inc1.700% 08/01/20270.1%
Bain Capital Credit CLO 2017-1 Ltd5.778% 07/20/20300.1%
Assurant Inc3.700% 02/22/20300.1%
Boston Scientific Corp6.750% 11/15/20350.1%
GS Mortgage Securities Corp Trust 2021-ARDN6.734% 11/15/20360.1%
Fannie Mae Pool2.000% 06/01/20510.1%
Shell International Finance BV6.375% 12/15/20380.1%
GE HealthCare Technologies Inc6.377% 11/22/20520.1%
Prologis LP4.375% 02/01/20290.1%
W R Berkley Corp3.150% 09/30/20610.1%
Global Atlantic Fin Co4.700% 10/15/20510.1%
Alloy Finco Ltd0.500% 03/06/20250.1%
Voya CLO 2022-3 Ltd6.639% 10/20/20340.1%
Oleoducto Central SA4.000% 07/14/20270.1%
Texaco Capital Inc8.625% 11/15/20310.1%
Diamondback Energy Inc4.250% 03/15/20520.1%
Memphis-Shelby County Industrial Development Board7.000% 07/01/20450.1%
CarMax Auto Owner Trust 2023-14.980% 01/16/20290.1%
Lam Research Corp4.875% 03/15/20490.1%
GS Mortgage-Backed Securities Trust 2021-PJ62.500% 11/25/20510.1%
Octane Receivables Trust 2022-25.110% 02/22/20280.1%
Johns Hopkins University2.813% 01/01/20600.1%
BX Trust 2022-PSB7.278% 08/15/20390.1%
Freddie Mac STACR REMIC Trust 2021-HQA35.410% 09/25/20410.1%
Madison Park Funding XIII Ltd5.748% 04/19/20300.1%
Service Properties Trust7.500% 09/15/20250.1%
HCA Inc7.690% 06/15/20250.1%
Generation Bridge LLC10.672% 12/01/20280.1%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.625% 07/15/20260.1%
NMG Holding Co Inc / Neiman Marcus Group LLC7.125% 04/01/20260.1%
Post Holdings Inc5.500% 12/15/20290.1%
White Cap Buyer LLC6.875% 10/15/20280.1%
Port of Seattle WA3.755% 05/01/20360.1%
Union Pacific Corp3.000% 04/15/20270.1%
NESCO Holdings II Inc5.500% 04/15/20290.1%
Fannie Mae Pool3.000% 01/01/20510.1%
GIBSON BRANDS PRIVATE EQUITY0.000% -0.1%
NCL Corp Ltd8.375% 02/01/20280.1%
Performance Food Group Inc4.250% 08/01/20290.1%
County of Miami-Dade FL Aviation Revenue3.982% 10/01/20410.1%
ITR Concession Co LLC5.183% 07/15/20350.1%
GS Mortgage-Backed Securities Trust 2021-PJ72.500% 01/25/20520.1%
Freddie Mac STACR REMIC Trust 2022-DNA59.060% 06/25/20420.1%
Pacific Gas and Electric Co3.500% 08/01/20500.1%
Freddie Mac STACR Remic Trust 2020-DNA27.345% 02/25/20500.1%
British Airways 2019-1 Class AA Pass Through Trust3.300% 06/15/20340.1%
GXO Logistics Inc2.650% 07/15/20310.1%
Adani Ports & Special Economic Zone Ltd3.828% 02/02/20320.1%
BX Commercial Mortgage Trust 2020-VIV42.843% 03/09/20440.1%
First Republic Bank/CA4.375% 08/01/20460.1%
American Airlines 2016-3 Class AA Pass Through Trust3.000% 04/15/20300.1%
Constellation Energy Generation LLC5.600% 06/15/20420.1%
Pacific Gas and Electric Co4.950% 07/01/20500.1%
30-YR UMBS-TBA PROD APR6.000% 11/01/20520.1%
Warnermedia Holdings Inc5.141% 03/15/20520.1%
Chobani LLC / Chobani Finance Corp Inc4.625% 11/15/20280.0%
Ohio University5.590% 12/01/21140.0%
Commercial Metals Co4.375% 03/15/20320.0%
GS Mortgage Securities Corp Trust 2021-RENT7.528% 11/21/20350.0%
Freddie Mac Stacr Remic Trust 2020-DNA17.145% 01/25/20500.0%
Goodman US Finance Four LLC4.500% 10/15/20370.0%
Dryden 30 Senior Loan Fund5.684% 11/15/20280.0%
Ceridian HCM Holding Inc0.000% -0.0%
JetBlue 2019-1 Class A Pass Through Trust2.950% 11/15/20290.0%
GREYWOLF CLO VII Ltd6.079% 10/20/20310.0%
El Paso Electric Co5.000% 12/01/20440.0%
NatWest Group PLC5.847% 03/02/20270.0%
Metropolitan Transportation Authority6.668% 11/15/20390.0%
CSMC 2022-MARK8.271% 06/15/20390.0%
British Airways 2020-1 Class A Pass Through Trust4.250% 05/15/20340.0%
ArcelorMittal SA6.800% 11/29/20320.0%
JP Morgan Mortgage Trust 2021-122.500% 02/25/20520.0%
Skyworks Solutions Inc3.000% 06/01/20310.0%
Selective Insurance Group Inc5.375% 03/01/20490.0%
Adient Global Holdings Ltd7.000% 04/15/20280.0%
Signal Peak CLO 10 Ltd6.566% 01/24/20350.0%
Ohio Edison Co5.500% 01/15/20330.0%
Ballyrock CLO 2019-1 Ltd5.822% 07/15/20320.0%
Hilton Orlando Trust 2018-ORL5.704% 12/15/20340.0%
Mauser Packaging Solutions Holding Co7.875% 08/15/20260.0%
Marble Point CLO XVII Ltd6.578% 04/20/20330.0%
Flagstar Mortgage Trust 2021-8INV2.500% 09/25/20510.0%
Halcyon Loan Advisors Funding 2017-2 Ltd6.492% 01/17/20300.0%
Navient Corp6.750% 06/15/20260.0%
County of Miami-Dade FL2.786% 10/01/20370.0%
Select Medical Corp6.250% 08/15/20260.0%
Herc Holdings Inc5.500% 07/15/20270.0%
LABL Inc6.750% 07/15/20260.0%
VUE INTERNATIONAL BIDCO P L C4.346% 12/31/20270.0%
First Republic Bank/CA4.625% 02/13/20470.0%
Flagship Credit Auto Trust 2023-15.050% 01/18/20280.0%
1011778 BC ULC / New Red Finance Inc4.375% 01/15/20280.0%
Freddie Mac Pool2.500% 07/01/20510.0%
J.P. Morgan Mortgage Trust 2021-INV53.000% 12/25/20510.0%
Autodesk Inc3.500% 06/15/20270.0%
ACBL HLDG CORP0.000% -0.0%
JP Morgan Mortgage Trust 2020-73.000% 01/25/20510.0%
Flagship Credit Auto Trust 2023-15.430% 05/15/20290.0%
Fannie Mae Pool2.500% 06/01/20510.0%
Doncasters US LLC11.325% 03/06/20240.0%
CIM Trust 2021-J12.500% 03/25/20510.0%
JetBlue 2019-1 Class B Pass Through Trust8.000% 11/15/20270.0%
CIM Trust 2020-J12.500% 07/25/20500.0%
Rad CLO 7 Ltd5.992% 04/17/20330.0%
Empresa de Transmision Electrica SA5.125% 05/02/20490.0%
Benefit Street Partners CLO XIX Ltd6.792% 01/15/20330.0%
GS Mortgage Securities Corp Trust 2021-RENT8.428% 11/21/20350.0%
CLAIRES HOLDINGS0.000% -0.0%
Magellan Midstream Partners LP3.950% 03/01/20500.0%
UTEX INDUSTRIES0.000% -0.0%
Navient Corp4.875% 03/15/20280.0%
MGM China Holdings Ltd5.875% 05/15/20260.0%
Entergy Arkansas LLC4.950% 12/15/20440.0%
ONEOK Inc4.450% 09/01/20490.0%
Citigroup Commercial Mortgage Trust 2016-GC364.748% 02/10/20490.0%
30-YR GNMA II-TBA PROD APR6.500% 12/01/20520.0%
UC HOLDINGS INC.0.000% -0.0%
JP Morgan Mortgage Trust 2021-72.500% 11/25/20510.0%
NSG Holdings LLC / NSG Holdings Inc7.750% 12/15/20250.0%
BX 2021-MFM15.892% 01/15/20340.0%
Brink's Co/The4.625% 10/15/20270.0%
Quanta Services Inc2.900% 10/01/20300.0%
GS Mortgage-Backed Securities Corp Trust 2021-PJ52.500% 10/25/20510.0%
Freddie Mac STACR Trust 2019-DNA38.095% 07/25/20490.0%
Carvana Auto Receivables Trust 2020-NP15.200% 07/15/20270.0%
SVB Financial Group4.250% 02/15/21720.0%
Palmer Square CLO 2022-5 Ltd6.091% 10/20/20350.0%
Temasek Financial I Ltd2.500% 10/06/20700.0%
Rolls-Royce PLC3.625% 10/14/20250.0%
Griffon Corp5.750% 03/01/20280.0%
Garda World Security Corp4.625% 02/15/20270.0%
Spirit AeroSystems Inc4.600% 06/15/20280.0%
LPL Holdings Inc4.000% 03/15/20290.0%
BX 2021-MFM16.142% 01/15/20340.0%
Rolls-Royce PLC5.750% 10/15/20270.0%
ACBL HLDG CORP0.000% -0.0%
ESC 144A HERTZ CORP0.000% 01/15/20280.0%
VUE INTERNATIONAL BIDCO P L C11.086% 06/30/20270.0%
New Frontera Holdings LLC18.159% 07/28/20260.0%
ACBL HLDG CORP0.000% -0.0%
CPI Swap0.010% 02/10/20280.0%
ESC GCB144A HERTZ CORP5.500% 10/15/20240.0%
New Frontera Holdings LLC6.659% 07/28/20280.0%
GS Mortgage Securities Corp Trust 2021-RENT10.478% 11/21/20350.0%
FX USD/AUD 05/230.000% 05/30/20230.0%
US ULTRA BOND CBT Jun230.000% 06/30/20230.0%
FX USD/CHF 05/230.000% 05/23/20230.0%
Generation Bridge LLC10.672% 12/01/20280.0%
FX CHF/USD 05/230.000% 05/23/20230.0%
CPI Swap0.010% 03/02/20520.0%
FX USD/CAD 04/230.000% 04/20/20230.0%
FX AUD/USD 05/230.000% 05/30/20230.0%
FGI Operating Co LLC0.000% 05/16/20230.0%
FX AUD/USD 05/230.000% 05/30/20230.0%
FX AUD/USD 05/230.000% 05/30/20230.0%
FX AUD/USD 05/230.000% 05/30/20230.0%
FX DKK/USD 04/230.000% 04/03/20230.0%
Alfa Bank AO Via Alfa Bond Issuance PLC5.500% 10/26/20310.0%
MIRABELA NICKEL LTD.1.000% 09/16/20440.0%
OGX Austria GmbH8.500% 06/01/20180.0%
Revlon Consumer Products Corp8.144% 06/30/20250.0%
REVLON ROLL UP0.000% -0.0%
FRONTERA GENERATION0.000% -0.0%
Washington Mutual Bank / Debt not acquired by JPMorgan6.875% 06/15/20110.0%
FX CHF/USD 05/230.000% 05/23/20230.0%
FX DKK/USD 04/230.000% 04/03/20230.0%
FX EUR/USD 06/230.000% 06/13/20230.0%
Hellas Telecommunications Luxembourg II SCA0.000% 01/15/20150.0%
FX AUD/USD 05/230.000% 05/30/20230.0%
FX USD/DKK 06/230.000% 06/30/20230.0%
FX USD/DKK 04/230.000% 04/03/20230.0%
CPI Swap0.010% 03/02/20520.0%
FX USD/SGD 05/230.000% 05/22/20230.0%
FX USD/DKK 04/230.000% 04/03/20230.0%
FX USD/DKK 04/230.000% 04/03/20230.0%
LAC0.010% 12/31/20500.0%
US 10yr Ultra Fut Jun230.000% 06/30/20230.0%
FX CAD/USD 04/230.000% 04/20/20230.0%
Commercial Mortgage Backed Index Swap1.500% 10/17/20570.0%
Commercial Mortgage Backed Index Swap1.500% 01/17/20470.0%
Credit Default Swap1.000% 12/20/20270.0%
Credit Default Swap1.000% 12/20/20270.0%
LAC0.010% 12/31/20500.0%
Credit Default Swap1.000% 12/20/20270.0%
FX USD/GBP 06/230.000% 06/08/20230.0%
CPI Swap0.010% 05/12/20520.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
US 5YR NOTE (CBT) Jun230.000% 07/06/20230.0%
CPI Swap0.010% 04/20/20520.0%
US 10YR NOTE (CBT)Jun230.000% 06/30/20230.0%
US LONG BOND(CBT) Jun230.000% 06/30/2023-0.1%
S&P500 EMINI FUT Jun230.000% 06/16/2023-0.1%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 05/26/2023
$0.11277
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 04/30/2023 $0.02868 $7.03
Daily Daily 03/31/2023 $0.02981 $7.02
Daily Daily 02/28/2023 $0.02753 $7.00
Daily Daily 01/31/2023 $0.02676 $7.17

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 05/31/2023
Daily Daily 06/30/2023
Daily Daily 07/31/2023
Daily Daily 08/31/2023
Daily Daily 09/30/2023
Daily Daily 10/31/2023
Daily Daily 11/30/2023
Daily Daily 12/31/2023

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
07/27/2022 07/28/2022 - $0.0131 $0.0131 $7.28

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.83% 0.83%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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*"Barron's Best Fund Families of 2021", #4 ranking in the Taxable Bond category based on the net total return of the one-year period ending 12/31/2021, among 51 qualifying fund families. Ranking for the ten-year period ending 12/31/2021 is #2 out of 45 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2021,” February 18, 2022. Barron’s rankings are based on asset weighted returns in funds in five categories: general equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2021, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well.

Barron's Fund Family Rankings are awarded annually.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2022. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

+

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

                    

+

There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

 

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.

 

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

 

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

 

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

 

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

 

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

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

 

The 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.

Select funds to run a Morningstar Hypothetical Report.

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