LBNVX | Bond Debenture Fund Class R6 | Lord Abbett
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Bond Debenture Fund

Daily price w/o sales charge as of 10/26/2020

$8.03

arrowDown$0.02

YTD Returns w/o sales charge as of 10/26/2020

2.84%

Overall Morningstar Ratings

Multisector Bond
as of 09/30/2020

Morningstar rated the Lord Abbett Bond Debenture Fund class R6 share 3 and 5 stars among 292 and 248 Multisector Bond Funds for the overall rating and the 3 and 5 year periods ended 9/30/2020, respectively.

Click here to view all legal text including risk information

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 10/26/2020  

w/o sales charge 3.95%

30-Day Standardized Yield 2 as of 09/30/2020  

3.13%

Fund Basicsas of 09/30/2020

Total Net Assets
$18.31 B
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Expense Ratio
0.52%
Number of Holdings
879

Fund Expense Ratio :

0.52%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 1.54% 3.46% 4.23% 6.38% 6.56% -
Lipper Category Avg. Multi-Sector Income Funds 1.60% 2.89% 3.35% 4.43% 4.35% -
Bloomberg Barclays U.S. Aggregate Bond Index 6.79% 6.98% 5.24% 4.18% 3.64% -

Fund Expense Ratio :

0.52%

Fund Expense Ratio :

0.52%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 1.54% 3.46% 4.23% 6.38% 6.56% -
Lipper Category Avg. Multi-Sector Income Funds 1.60% 2.89% 3.35% 4.43% 4.35% -
Bloomberg Barclays U.S. Aggregate Bond Index 6.79% 6.98% 5.24% 4.18% 3.64% -

Fund Expense Ratio :

0.52%

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

RELATED CONTENT

Our Fixed Income Experts Assess Opportunities in Multi-Sector Bonds
May 8, 2020

A review of factors influencing the market in the wake of recent volatility—and the sectors that may potentially benefit from a gradual reopening of the U.S. economy

Three Reasons to Consider High Yield in Today’s Market
February 7, 2020

Even after a rally in U.S. high yield in 2019, we believe the case for an investment allocation to the asset class remains alive and well.

The Case for Adding Credit to a Core Bond Portfolio
January 21, 2020

In our view, 2020 remains a year when taking some exposure to risk assets, including credit-sensitive bonds, could potentially be rewarding for fixed-income investors.

Type Assets
U.S. Investment Grade Corporate
U.S. High Yield Corporate
Non-U.S. Investment Grade Corporate
Equity
Non-U.S. High Yield Corporate
Bank Loans
ABS
Municipals
Sovereign
CMBS
MBS
Convertibles
U.S. Government Related
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 09/30/2020 View Portfolio

Rating Assets
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-Director of Taxable Fixed Income

19 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Robert S. Clark
Robert S. Clark, CFA

Portfolio Manager

23 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director & Portfolio Manager

12 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Director of Taxable Fixed Income

29 Years of Industry Experience

Supported By 60 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 10/26/2020  

w/o sales charge 3.95%

30-Day Standardized Yield 2 as of 09/30/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.13% 3.13%

Fund Expense Ratio :

0.52%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 1.54% 3.46% 4.23% 6.38% 6.56% -
Lipper Category Avg. Multi-Sector Income Funds 1.60% 2.89% 3.35% 4.43% 4.35% -
Bloomberg Barclays U.S. Aggregate Bond Index 6.79% 6.98% 5.24% 4.18% 3.64% -

Fund Expense Ratio :

0.52%

Fund Expense Ratio :

0.52%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 1.54% 3.46% 4.23% 6.38% 6.56% -
Lipper Category Avg. Multi-Sector Income Funds 1.60% 2.89% 3.35% 4.43% 4.35% -
Bloomberg Barclays U.S. Aggregate Bond Index 6.79% 6.98% 5.24% 4.18% 3.64% -

Fund Expense Ratio :

0.52%

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

Year Fund Returns Bloomberg Barclays U.S. Aggregate Bond Index
2019 13.73% 8.72%
2018 -3.56% 0.01%
2017 9.54% 3.54%
2016 12.56% 2.65%
2015 -1.40% 0.55%
2014 4.85% 5.97%
2013 8.26% -2.02%
2012 13.59% 4.22%
2011 4.45% 7.84%
2010 13.50% 6.54%
2009 35.99% -
2008 -20.07% -
2007 5.81% -
2006 10.39% -
2005 2.02% -
2004 9.06% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -11.78% 10.07% 4.57% - 2.84%
2019 6.92% 3.68% 0.68% 1.89% 13.73%
2018 -0.96% 0.04% 2.32% -4.87% -3.56%
2017 2.87% 2.04% 2.62% 1.70% 9.54%
2016 1.58% 4.54% 4.71% 1.24% 12.56%
2015 3.48% -0.37% -3.60% -0.79% -1.40%
2014 2.95% 2.62% -1.48% 0.73% 4.85%
2013 3.23% -1.26% 2.68% 3.44% 8.26%
2012 5.78% 0.22% 4.58% 2.45% 13.59%
2011 4.34% 0.97% -6.37% 5.90% 4.45%
2010 3.96% -1.09% 6.63% 3.53% 13.50%
2009 2.53% 12.96% 11.53% 5.26% 35.99%
2008 -2.81% 1.55% -7.73% -12.23% -20.07%
2007 2.63% 1.34% 2.02% -0.27% 5.81%
2006 2.84% -0.41% 3.67% 3.98% 10.39%
2005 -1.76% 1.66% 1.63% 0.51% 2.02%
2004 - - - 4.41% 9.06%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
U.S. Investment Grade Corporate
U.S. High Yield Corporate
Non-U.S. Investment Grade Corporate
Equity
Non-U.S. High Yield Corporate
Bank Loans
ABS
Municipals
Sovereign
CMBS
MBS
Convertibles
U.S. Government Related
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 09/30/2020

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

Portfolio Positioning as of 06/30/2020

  • We added to the Fund’s automotive sector overweight because we believe people will be using less public transport in light of pandemic-related fears and a shift from urban living to less public suburban living. We view the automotive sector as a cyclical sector that is shifting to a secular grower with pent up demand in the sector bolstering near term performance.
  • The Fund is underweight the materials sector, and more specifically the chemicals sub-sector, due to the deeply cyclical nature of the space as well as unattractive valuations. Within the materials sector, however, the Fund is overweight metals as we are constructive on precious metals, copper, and iron ore. 
  • We anticipate the reopening of the economy to take part in several stages, with the first having included a slow and cautious restart of some essential industries, and with the last stage bringing us closer to levels of activity seen earlier this year in sectors like airlines, lodging and leisure. However, the magnitude and scale of this global pandemic could cause some secular shifts even with the ultimate arrival of therapeutics and a vaccine. The portfolio’s positioning currently reflects this view as we are investing in companies and industries that we believe will not be secularly impaired. While we are still waiting for better data on the health, economic and consumer behavioral fronts before we get more constructive in unsecured risk of directly affected sectors such as airlines and crowd-oriented leisure, we have begun to add higher quality, secured paper in these industries. 

Portfolio Details as of 09/30/2020

Total Net Assets
$18.31 B
Number of Issues
879
Average Coupon
4.87%
Average Life
9.17 Years
Average Maturity
10.13 Years
Average Effective Duration
5.09 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.

Holding Coupon Maturity Assets
Las Vegas Sands Corp. 3.500% 08/18/2026 1.4%
DISH DBS Corp. 7.750% 07/01/2026 0.8%
Sprint Capital Corp. 6.875% 11/15/2028 0.7%
Tesla Motors, Inc. 5.300% 08/15/2025 0.6%
Ford Motor Co 9.000% 04/22/2025 0.5%
CCO Holdings LLC / CCO Holdings Capital Corp. 5.125% 05/01/2027 0.5%
Newell Rubbermaid, Inc. 4.700% 04/01/2026 0.4%
Shake Shack, Inc. 0.000% - 0.4%
Penn National Gaming, Inc. 0.000% - 0.4%
HCA, Inc. 5.500% 06/15/2047 0.4%
% of Total Assets 6.1%
Holding Coupon Maturity Assets
Las Vegas Sands Corp.3.500% 08/18/20261.4%
Tesla Motors, Inc.2.000% 05/15/20240.9%
DISH DBS Corp.7.750% 07/01/20260.8%
Sprint Capital Corp.6.875% 11/15/20280.7%
Tesla Motors, Inc.5.300% 08/15/20250.6%
Shake Shack, Inc.0.000% -0.6%
Ford Motor Co.9.000% 04/22/20250.5%
Square, Inc.0.000% -0.5%
CCO Holdings LLC / CCO Holdings Capital Corp.5.125% 05/01/20270.5%
Spotify Technology SA0.000% -0.5%
Newell Rubbermaid, Inc.4.700% 04/01/20260.5%
Cenovus Energy, Inc.5.400% 06/15/20470.4%
HCA, Inc.5.500% 06/15/20470.4%
Intesa Sanpaolo SpA5.710% 01/15/20260.4%
Boston Beer Co., Inc.0.000% -0.4%
Eli Lilly & Co.2.250% 05/15/20500.4%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.4%
Amazon.com, Inc.5.200% 12/03/20250.4%
Netflix, Inc.3.625% 05/15/20270.4%
CCO Holdings LLC / CCO Holdings Capital Corp.5.750% 02/15/20260.3%
Equinix, Inc.2.875% 02/01/20260.3%
Verizon Communications, Inc.2.625% 08/15/20260.3%
CIT Group, Inc.6.125% 03/09/20280.3%
McCormick & Co., Inc.0.000% -0.3%
Kenya Government International Bond7.250% 02/28/20280.3%
Ukraine Government7.375% 09/25/20320.3%
National Fuel Gas Co.5.500% 01/15/20260.3%
PayPal Holdings, Inc.3.250% 06/01/20500.3%
Abu Dhabi Government International Bond3.125% 05/03/20260.3%
Penn National Gaming, Inc.0.000% -0.3%
MEG Energy Corp.7.125% 02/01/20270.3%
Pinterest Inc0.000% -0.3%
Enel Finance International N.V.3.500% 04/06/20280.3%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.3%
Campbell Soup Co.3.125% 04/24/20500.3%
NextEra Energy Operating Partners LP3.875% 10/15/20260.3%
Roper Industries, Inc.1.750% 02/15/20310.3%
Delta Air Lines, Inc.7.000% 05/01/20250.3%
Logmein Inc0.000% 08/14/20270.3%
NRG Energy, Inc.5.750% 01/15/20280.3%
Occidental Petroleum Corp.2.700% 08/15/20220.3%
Egypt Government International Bond5.577% 02/21/20230.3%
Numericable Group S.A.7.375% 05/01/20260.3%
American Tower Corp.2.950% 01/15/20250.3%
Lukoil Securities BV3.875% 05/06/20300.3%
Great Wolf Trust 2019-WOLF1.196% 12/15/20360.3%
Amazon.com, Inc.0.000% -0.3%
Enphase Energy, Inc.0.000% -0.3%
Kayne CLO 7 Ltd2.607% 04/17/20330.3%
Starbucks Corp.4.450% 08/15/20490.3%
Hasbro, Inc.3.900% 11/19/20290.3%
Ghana Government International Bond6.375% 02/11/20270.3%
Suntory Holdings Ltd2.250% 10/16/20240.3%
ING Groep NV5.750% 09/10/21690.3%
Petroleos Mexicanos6.875% 08/04/20260.2%
Microsoft Corp.3.125% 11/03/20250.2%
Tenet Healthcare Corp.6.250% 02/01/20270.2%
Global Payments, Inc.2.900% 05/15/20300.2%
General Motors Co.6.125% 10/01/20250.2%
Numericable Group S.A.8.125% 02/01/20270.2%
Hilton Domestic Operating Co, Inc.5.125% 05/01/20260.2%
Univision Communications, Inc.5.125% 02/15/20250.2%
Hess Corp.5.600% 02/15/20410.2%
Elmwood CLO I Ltd1.622% 04/20/20300.2%
Shell International Finance BV6.375% 12/15/20380.2%
Netflix, Inc.4.875% 04/15/20280.2%
Regionalcare Hospital Prtnrs3.906% 11/16/20250.2%
Pasadena Public Fing Auth7.148% 03/01/20430.2%
SBA Communications Corp.3.875% 02/15/20270.2%
Carnival Corp.11.500% 04/01/20230.2%
Altice Financing S.A.7.500% 05/15/20260.2%
Eskom Holdings SOC Ltd.7.125% 02/11/20250.2%
Veeva Systems, Inc.0.000% -0.2%
Amazon.com, Inc.4.800% 12/05/20340.2%
Ziggo BV5.500% 01/15/20270.2%
State Grid Overseas Investment 2016 Ltd3.500% 05/04/20270.2%
California St Univ3.899% 11/01/20470.2%
Smithfield Foods, Inc.5.200% 04/01/20290.2%
BMW US Capital LLC4.150% 04/09/20300.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Continental Resources, Inc.4.375% 01/15/20280.2%
Memorial Sloan-Kettering Cancer Center4.200% 07/01/20550.2%
Mileage Plus Holdings LLC / Mileage Plus Intellect6.500% 06/20/20270.2%
Bacardi Ltd.4.700% 05/15/20280.2%
Wynn Macau Ltd.5.500% 10/01/20270.2%
Kayne CLO 5 Ltd1.614% 07/24/20320.2%
Generac Holdings, Inc.0.000% -0.2%
Adobe Systems, Inc.0.000% -0.2%
Old Dominion Freight Line, Inc.0.000% -0.2%
SiteOne Landscape Supply, Inc.0.000% -0.2%
Saudi Arabian Oil Co4.375% 04/16/20490.2%
VTR Comunicaciones SpA5.125% 01/15/20280.2%
United Technologies Corp.4.125% 11/16/20280.2%
Sherwin-Williams Co.0.000% -0.2%
PDC Energy, Inc.5.750% 05/15/20260.2%
Navient Corp.6.750% 06/25/20250.2%
ABN Amro Bank NV4.750% 07/28/20250.2%
Indigo Natural Resources LLC6.875% 02/15/20260.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
JD.com, Inc.4.125% 01/14/20500.2%
KLA-Tencor Corp.4.100% 03/15/20290.2%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.2%
Global Bank Corp.5.250% 04/16/20290.2%
Pulte Group, Inc.6.375% 05/15/20330.2%
Leggett & Platt, Inc.4.400% 03/15/20290.2%
WeWork Cos Inc7.875% 05/01/20250.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
LifePoint Hospitals, Inc.4.375% 02/15/20270.2%
Western Digital Corp.4.750% 02/15/20260.2%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.2%
BNP Paribas S.A.4.500% 02/25/21700.2%
Octagon Investment Partners 48 Ltd0.000% 10/20/20310.2%
Trimble Navigation Ltd.4.750% 12/01/20240.2%
Scotts Miracle-Gro Co.0.000% -0.2%
Benchmark 2019-B12 Mortgage Trust4.388% 08/15/20520.2%
Centene Corp.4.625% 12/15/20290.2%
Amphenol Corp.2.800% 02/15/20300.2%
Bank of Ireland Group PLC4.500% 11/25/20230.2%
NVIDIA Corp.3.200% 09/16/20260.2%
Navient Corp.6.125% 03/25/20240.2%
United Natural Foods Inc4.406% 10/22/20250.2%
Macquarie Bank Ltd./London6.125% 03/08/21670.2%
Hess Corp.5.800% 04/01/20470.2%
IHS Markit Ltd4.000% 03/01/20260.2%
Development Bank of Mongolia LLC7.250% 10/23/20230.2%
Seven & I Holdings Co., Ltd3.350% 09/17/20210.2%
Newmont Mining Corp.2.250% 10/01/20300.2%
Northwestern Mutual Life Insurance Co/The3.850% 09/30/20470.2%
Amazon.com, Inc.3.150% 08/22/20270.2%
Ferguson Finance PLC3.250% 06/02/20300.2%
Metropolitan Museum of Art3.400% 07/01/20450.2%
Lululemon Athletica, Inc.0.000% -0.2%
FedEx Corp 2020-1 Class AA Pass Through Trust1.875% 02/20/20340.2%
Midwest Connector Capital Co LLC4.625% 04/01/20290.2%
Buckeye Partners L.P.6.375% 01/22/20780.2%
Playtika Holding Corp7.072% 12/03/20240.2%
NVR, Inc.3.000% 05/15/20300.2%
Centene Corp.3.375% 02/15/20300.2%
Signature Aviation US Holdings Inc4.000% 03/01/20280.2%
Mersin Uluslararasi Liman Isletmeciligi AS5.375% 11/15/20240.2%
Western Gas Partners L.P.5.050% 02/01/20300.2%
Regatta XVI Funding Ltd2.325% 01/15/20330.2%
Fidelity National Financial Group4.500% 08/15/20280.2%
Prosus NV3.680% 01/21/20300.2%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.2%
Chipotle Mexican Grill, Inc.0.000% -0.2%
Autodesk, Inc.3.500% 06/15/20270.2%
Apache Corp.4.250% 01/15/20300.2%
Webster Financial Corp.4.100% 03/25/20290.2%
Indianapolis Power & Light Co.4.050% 05/01/20460.2%
Enel Finance International N.V.2.650% 09/10/20240.2%
Apple, Inc.3.000% 06/20/20270.2%
Australian Government4.250% 04/21/20260.2%
Micron Technology, Inc.5.327% 02/06/20290.2%
CSC Holdings LLC5.500% 04/15/20270.2%
Tiffany & Co.4.900% 10/01/20440.2%
Ford Motor Co.9.625% 04/22/20300.2%
Microsoft Corp.3.300% 02/06/20270.2%
PartnerRe Finance B LLC3.700% 07/02/20290.2%
AbbVie, Inc.3.200% 11/21/20290.2%
Massachusetts Sch Bldg Auth5.715% 08/15/20390.2%
NRG Energy, Inc.3.750% 06/15/20240.2%
Hadrian Merger Sub Inc8.500% 05/01/20260.2%
Ivory Coast Govt Intl Bnd5.875% 10/17/20310.2%
Marble Point CLO XVII Ltd1.572% 04/20/20330.2%
Compass Bank3.875% 04/10/20250.2%
Puget Energy, Inc.4.100% 06/15/20300.2%
Verscend Escrow Corp9.750% 08/15/20260.2%
Owens Corning4.300% 07/15/20470.2%
XPO Logistics, Inc.6.250% 05/01/20250.2%
General Motors Financial Co., Inc.5.250% 03/01/20260.2%
Brink's Co/The4.625% 10/15/20270.2%
MEDNAX, Inc.6.250% 01/15/20270.2%
Credit Suisse Group AG5.100% 01/24/21700.2%
Transportadora de Gas Internacional SA ESP5.550% 11/01/20280.2%
Acceleron Pharma, Inc.0.000% -0.2%
Yingde Gases Investment Ltd6.250% 01/19/20230.2%
Morgan Stanley3.625% 01/20/20270.2%
Kenya Government International Bond8.250% 02/28/20480.2%
Topaz Solar Farms LLC5.750% 09/30/20390.2%
Volkswagen Group of America Finance LLC3.350% 05/13/20250.2%
Anthem, Inc.2.250% 05/15/20300.2%
Amazon.com, Inc.4.250% 08/22/20570.2%
Transatlantic Holdings, Inc.8.000% 11/30/20390.2%
FedEx Corp.0.000% -0.2%
AMC Networks, Inc.4.750% 08/01/20250.2%
Vail Resorts, Inc.0.000% -0.2%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Trex Co., Inc.0.000% -0.1%
New York City Indl Dev Agy11.000% 03/01/20290.1%
Fair Isaac Corp.0.000% -0.1%
Arcor6.000% 07/06/20230.1%
BankUnited, Inc.4.875% 11/17/20250.1%
Adani Ports & Special Economic Zone Ltd4.375% 07/03/20290.1%
CF Industries, Inc.4.500% 12/01/20260.1%
Nigeria Government International Bond6.500% 11/28/20270.1%
Marriott International, Inc.3.500% 10/15/20320.1%
McCormick & Co., Inc.4.200% 08/15/20470.1%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.1%
Roper Industries, Inc.0.000% -0.1%
EQT Corp.7.875% 02/01/20250.1%
Pool Corp.0.000% -0.1%
Banff Merger Sub Inc9.750% 09/01/20260.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
California7.550% 04/01/20390.1%
Mattel, Inc.5.875% 12/15/20270.1%
Tencent Holdings Ltd.3.925% 01/19/20380.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.1%
Altice France Holding SA10.500% 05/15/20270.1%
Pacific Gas & Electric Co.4.500% 07/01/20400.1%
Exxon Mobil Corp.3.043% 03/01/20260.1%
NVIDIA Corp.0.000% -0.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Carrier Global Corp2.700% 02/15/20310.1%
Occidental Petroleum Corp.6.625% 09/01/20300.1%
Charles Schwab & Co., Inc.5.375% 04/30/21700.1%
CSL Capital, LLC8.250% 10/15/20230.1%
Global Payments, Inc.4.150% 08/15/20490.1%
Pacific Gas & Electric Co.3.150% 01/01/20260.1%
Cable Onda SA4.500% 01/30/20300.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
Lam Research Corp.4.875% 03/15/20490.1%
IHS Markit Ltd4.750% 08/01/20280.1%
CSN Islands XI Corp.6.750% 01/28/20280.1%
Xplornet Comms Inc4.906% 05/29/20270.1%
Laredo Petroleum Holdings, Inc.10.125% 01/15/20280.1%
IRB Holding Corp6.750% 02/15/20260.1%
Ontario Teachers' Cadillac Fairview Properties Tru3.875% 03/20/20270.1%
CSC Holdings LLC5.750% 01/15/20300.1%
PFP 2019-6 Ltd2.258% 04/14/20370.1%
Activision Blizzard, Inc.2.500% 09/15/20500.1%
Petrobras Global Finance BV5.600% 01/03/20310.1%
AXIS Specialty Finance PLC5.150% 04/01/20450.1%
Edwards Lifesciences Corp.4.300% 06/15/20280.1%
Aeropuerto Internacional de Tocumen SA6.000% 11/18/20480.1%
Hasbro, Inc.5.100% 05/15/20440.1%
Alcon Finance Corp2.600% 05/27/20300.1%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.1%
El Paso Electric Co.5.000% 12/01/20440.1%
Ball Corp.2.875% 08/15/20300.1%
NEP/NCP Holdco Inc3.406% 10/05/20250.1%
Northern Natural Gas4.300% 01/15/20490.1%
Mattel, Inc.6.750% 12/31/20250.1%
eG Global Finance PLC8.500% 10/30/20250.1%
US Renal Care Inc.5.188% 06/13/20260.1%
Azul Investments LLP5.875% 10/26/20240.1%
Parsley Energy LLC5.625% 10/15/20270.1%
Starfruit US Holdco LLC3.164% 09/20/20250.1%
BBCMS 2019-BWAY Mortgage Trust1.118% 11/25/20340.1%
C.H. Robinson Worldwide, Inc.4.200% 04/15/20280.1%
Panera Bread Company3.744% 07/18/20220.1%
PFP 2019-6 Ltd1.208% 04/14/20370.1%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.1%
Brown-Forman Corp.4.500% 07/15/20450.1%
Selective Insurance Group, Inc.5.375% 03/01/20490.1%
Ellie Mae Inc6.625% 04/17/20260.1%
Teva Pharmaceutical Finance Co. B.V.2.950% 12/18/20220.1%
Boston Scientific Corp.7.000% 11/15/20350.1%
Caesars Resort Collection LLC / CRC Finco Inc5.250% 10/15/20250.1%
Dallas Convention Center Hotel Dev Corp., TX7.088% 01/01/20420.1%
Match Group Holdings II LLC5.000% 12/15/20270.1%
Xilinx, Inc.2.950% 06/01/20240.1%
AIB Group PLC4.750% 10/12/20230.1%
Apple, Inc.1.800% 09/11/20240.1%
Mount Sinai Hospitals Group Inc3.737% 07/01/20490.1%
American Axle & Manufacturing, Inc.3.000% 04/06/20240.1%
Roper Industries, Inc.4.200% 09/15/20280.1%
VeriSign, Inc.4.750% 07/15/20270.1%
Kookmin Bank1.750% 05/04/20250.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.000% 12/01/20240.1%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.1%
Costco Wholesale Corp.1.750% 04/20/20320.1%
Battalion Clo XVI Ltd2.272% 12/19/20320.1%
Bank of America Corp.4.450% 03/03/20260.1%
Adient US LLC7.000% 05/15/20260.1%
Hughes Satellite Systems Corp.5.250% 08/01/20260.1%
PTC, Inc.4.000% 02/15/20280.1%
Rite Aid Corp.8.000% 11/15/20260.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Genesee & Wyoming, Inc.2.308% 11/05/20260.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
Dollar General Corp.3.500% 04/03/20300.1%
Kaiser Foundation Hospitals4.150% 05/01/20470.1%
Delta Air Lines 2019-1 Class AA Pass Through Trust3.204% 04/25/20240.1%
NIKE, Inc.2.400% 03/27/20250.1%
Vertical US NewCo Inc4.570% 06/30/20270.1%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.1%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.1%
Centene Corp.5.375% 06/01/20260.1%
Buenos Aires, Argentina7.500% 06/01/20270.1%
Wayfair, Inc.0.000% -0.1%
Pan American Silver Corp0.000% -0.1%
Australia & New Zealand Banking Group Ltd/United K6.750% 06/15/21660.1%
Tencent Holdings Ltd.3.595% 01/19/20280.1%
Rumo Luxembourg Sarl5.875% 01/18/20250.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Centene Corp.4.250% 12/15/20270.1%
Anglo American Capital plc5.625% 04/01/20300.1%
Granite Holdings US Acquisition7.067% 09/25/20260.1%
Mohegan Tribal Gaming Authority5.814% 09/30/20230.1%
Goldman Sachs Group, Inc.4.250% 10/21/20250.1%
Citgo Holding, Inc.9.250% 08/01/20240.1%
Tenet Healthcare Corp.5.125% 05/01/20250.1%
Freeport-McMoRan, Inc.4.625% 08/01/20300.1%
GLP Capital L.P. / GLP Financing II, Inc.5.750% 06/01/20280.1%
BJ's Wholesale Club, Inc.2.164% 02/03/20240.1%
Entergy Arkansas, Inc.4.000% 06/01/20280.1%
Regeneron Pharmaceuticals, Inc.2.800% 09/15/20500.1%
Central Japan Railway Co.4.250% 11/24/20450.1%
NextEra Energy Operating Partners LP4.500% 09/15/20270.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Teachers Insurance & Annuity Association of Americ4.270% 05/15/20470.1%
Motorola Solutions, Inc.4.600% 05/23/20290.1%
Wynn Macau Ltd.5.125% 12/15/20290.1%
Tenet Healthcare Corp.6.750% 06/15/20230.1%
Morgan Stanley3.125% 07/27/20260.1%
AI Candelaria Spain SLU7.500% 12/15/20280.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
Xiaomi Best Time International Ltd3.375% 04/29/20300.1%
Clorox Co.0.000% -0.1%
New York and Presbyterian Hospital/The4.063% 08/01/20560.1%
Salesforce.com, Inc.3.700% 04/11/20280.1%
MCE Finance Ltd.5.750% 07/21/20280.1%
Montefiore Obligated Group5.246% 11/01/20480.1%
Rede D'or Finance Sarl4.950% 01/17/20280.1%
Targa Resources Partners L.P.4.875% 02/01/20310.1%
Bacardi Ltd.2.750% 07/15/20260.1%
Workday, Inc.0.000% -0.1%
GLP Capital L.P. / GLP Financing II, Inc.4.000% 01/15/20310.1%
CoStar Group, Inc.0.000% -0.1%
Florida Gas Transmission Co., LLC4.350% 07/15/20250.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Activision Blizzard, Inc.0.000% -0.1%
Leidos, Inc.3.625% 05/15/20250.1%
Volkswagen Group of America Finance LLC3.750% 05/13/20300.1%
ServiceNow, Inc.1.400% 09/01/20300.1%
Univ of California Bd of Regents6.548% 05/15/20480.1%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.1%
Host Hotels & Resorts L.P.3.500% 09/15/20300.1%
Kraft Heinz Foods Co.5.000% 06/04/20420.1%
Home BancShares, Inc.5.625% 04/15/20270.1%
Gap, Inc.8.625% 05/15/20250.1%
AIA Group Ltd.3.375% 04/07/20300.1%
Veritas US Inc / Veritas Bermuda Ltd10.500% 02/01/20240.1%
DocuSign Inc0.000% -0.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
NVR, Inc.0.000% -0.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Coupa Software Inc0.000% -0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
DPL, Inc.4.350% 04/15/20290.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Greywolf CLO III Ltd1.548% 04/15/20330.1%
DKT Finance ApS9.375% 06/17/20230.1%
Miami Dade Cnty, FL4.280% 10/01/20410.1%
JPMorgan Chase & Co.3.900% 07/15/20250.1%
Chewy Inc0.000% -0.1%
Molina Healthcare, Inc.4.875% 06/15/20250.1%
Plains All American Pipeline L.P.6.125% 12/31/20990.1%
COMM Mortgage Trust4.193% 09/10/20470.1%
Exelon Generation Co. LLC3.250% 06/01/20250.1%
San Antonio, TX5.718% 02/01/20410.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Domino's Pizza, Inc.0.000% -0.1%
District of Columbia, DC5.591% 12/01/20340.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Tengizchevroil Finance Co. International Ltd.3.250% 08/15/20300.1%
Endeavor Energy Resources L.P.5.750% 01/30/20280.1%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
Aston Martin Capital Holdings Ltd.6.500% 04/15/20220.1%
Dover Corp.2.950% 11/04/20290.1%
Wabtec Corp.3.450% 11/15/20260.1%
Mirati Therapeutics, Inc.0.000% -0.1%
Intuitive Surgical, Inc.0.000% -0.1%
Ingersoll-Rand plc0.000% -0.1%
MHP Lux SA6.950% 04/03/20260.1%
Alaska Airlines 2020-1 Class A Pass Through Trust4.800% 08/15/20270.1%
Louisville Gas & Electric Co.4.375% 10/01/20450.1%
Trade Desk, Inc./The0.000% -0.1%
Stena AB7.000% 02/01/20240.1%
Norfolk Southern Corp.0.000% -0.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC)6.200% 09/25/20240.1%
Five9, Inc.0.000% -0.1%
Kraft Heinz Foods Co.4.375% 06/01/20460.1%
Best Buy Co., Inc.4.450% 10/01/20280.1%
Carnival Corp.9.875% 08/01/20270.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.1%
Drive Chassis Holdco LLC8.518% 04/10/20260.1%
Air Products & Chemicals, Inc.0.000% -0.1%
Colt Merger Sub Inc8.125% 07/01/20270.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
NXP BV / NXP Funding LLC / NXP USA Inc3.400% 05/01/20300.1%
Honduras Government International Bond5.625% 06/24/20300.1%
Rockwell Automation, Inc.0.000% -0.1%
FAGE International SA/ FAGE USA Dairy Industry Inc5.625% 08/15/20260.1%
Georgetown University/The2.943% 04/01/20500.1%
Zebra Technologies Corp.0.000% -0.1%
IRB Holding Corp.3.750% 02/05/20250.1%
NSG Holdings LLC / NSG Holdings, Inc.7.750% 12/15/20250.1%
Kansas City Southern0.000% -0.1%
Intuit, Inc.1.650% 07/15/20300.1%
BRF SA4.875% 01/24/20300.1%
FLIR Systems, Inc.2.500% 08/01/20300.1%
Parsley Energy LLC5.375% 01/15/20250.1%
T-Mobile USA, Inc.3.875% 04/15/20300.1%
AIB Group PLC4.263% 04/10/20250.1%
Entergy Arkansas, Inc.4.950% 12/15/20440.1%
ProLogis, Inc.4.375% 02/01/20290.1%
Lear Corp.4.250% 05/15/20290.1%
Calpine Corp.5.000% 02/01/20310.1%
INTRAWEST RESORTS HLDGS INC2.906% 07/31/20240.1%
MEG Energy Corp.0.000% -0.1%
Seven Generations Energy Ltd.5.375% 09/30/20250.1%
AG Issuer LLC6.250% 03/01/20280.1%
Aston Martin Capital Holdings Ltd.5.750% 04/15/20220.1%
CoStar Group, Inc.2.800% 07/15/20300.1%
Texaco Capital, Inc.8.625% 11/15/20310.1%
JD.com, Inc.3.375% 01/14/20300.1%
VeriSign, Inc.5.250% 04/01/20250.1%
Apache Corp.4.375% 10/15/20280.1%
Banco Nacional de Panama2.500% 08/11/20300.1%
Windstream Escrow LLC / Windstream Escrow Finance7.750% 08/15/20280.1%
CVS Caremark Corp.3.625% 04/01/20270.1%
PetSmart, Inc.7.125% 03/15/20230.1%
Rumo Luxembourg Sarl5.250% 01/10/20280.1%
Align Technology, Inc.0.000% -0.1%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.1%
GrubHub Holdings Inc5.500% 07/01/20270.1%
WP CityMD Bidco LLC5.536% 08/06/20260.1%
Planet Fitness Master Issuer LLC4.262% 09/05/20480.1%
Netflix, Inc.3.625% 06/15/20300.1%
Viking Cruises Ltd.13.000% 05/15/20250.1%
IDEX Corp.3.000% 05/01/20300.1%
Sysco Corp.2.400% 02/15/20300.1%
BioNTech SE0.000% -0.1%
Newell Rubbermaid, Inc.5.875% 04/01/20360.1%
Continental Resources, Inc.4.500% 04/15/20230.1%
ONE Gas, Inc.4.500% 11/01/20480.1%
D.R. Horton, Inc.0.000% -0.1%
T-Mobile USA, Inc.6.500% 01/15/20260.1%
Province of Santa Fe6.900% 11/01/20270.1%
PBF Finance Corp.6.000% 02/15/20280.1%
Zayo Group Holdings, Inc.6.125% 03/01/20280.1%
Air Medical Group Holdings, Inc.4.250% 04/28/20220.1%
Adani Renewable Energy RJ Ltd/Kodangal Solar Parks4.625% 10/15/20390.1%
Bank Leumi Le-Israel BM3.275% 01/29/20310.1%
JetBlue Airways Corp6.250% 06/12/20240.1%
Florida Power & Light Co.2.850% 04/01/20250.1%
Los Angeles Unif Sch Dist, CA5.750% 07/01/20340.1%
First Republic Bank/San Francisco CA0.000% -0.1%
Clorox Co.1.800% 05/15/20300.1%
Polaris Industries, Inc.0.000% -0.1%
Illuminate Buyer, LLC4.308% 06/16/20270.1%
Stamps.com, Inc.0.000% -0.1%
Beazer Homes USA, Inc.7.250% 10/15/20290.1%
Electricite de France SA4.500% 09/21/20280.1%
Boyd Gaming Corp.6.000% 08/15/20260.1%
Popular, Inc.6.125% 09/14/20230.1%
Motorola Solutions, Inc.4.600% 02/23/20280.1%
Verisk Analytics, Inc.3.625% 05/15/20500.1%
Cenovus Energy, Inc.5.375% 07/15/20250.1%
Chicago Transit Auth, IL6.200% 12/01/20400.1%
Owens Corning4.400% 01/30/20480.1%
Southwestern Energy Co.7.750% 10/01/20270.1%
AbbVie, Inc.4.250% 11/21/20490.1%
Cornerstone OnDemand Inc4.433% 04/22/20270.1%
Empresa de Transmision Electrica SA5.125% 05/02/20490.1%
MPT Operating Partnership L.P.5.000% 10/15/20270.1%
TransDigm, Inc.6.250% 03/15/20260.1%
TIBCO Software Inc3.910% 07/03/20260.1%
Ohio Power Co.4.000% 06/01/20490.1%
Puget Sound Energy, Inc.4.223% 06/15/20480.1%
AHP Health Partners Inc9.750% 07/15/20260.1%
Rain CII Carbon LLC7.250% 04/01/20250.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Chicago Transit Auth, IL6.899% 12/01/20400.1%
S.C. Johnson & Son, Inc.4.750% 10/15/20460.1%
Vulcan Materials Co.4.500% 06/15/20470.1%
Freeport-McMoRan, Inc.4.250% 03/01/20300.1%
Perimeter Master Note Business Trust4.230% 05/15/20240.1%
Alexandria Real Estate Equities, Inc.3.950% 01/15/20280.1%
Marriott International, Inc.5.750% 05/01/20250.1%
Apache Corp.5.100% 09/01/20400.1%
Clearway Energy Operating LLC5.750% 10/15/20250.1%
Parexel Intl Corp.2.906% 09/27/20240.1%
JB y Co SA de CV3.750% 05/13/20250.1%
CDW Corp.5.500% 12/01/20240.1%
BBCMS Mortgage Trust 2018-C25.135% 12/15/20510.1%
Hub International Ltd.7.000% 05/01/20260.1%
CIT Bank NA2.969% 09/27/20250.1%
SVB Financial Group3.125% 06/05/20300.1%
CF Trust 2019-BOSS3.412% 12/15/20210.1%
Presidio Holdings Inc4.875% 02/01/20270.1%
Zayo Group Holdings, Inc.4.000% 03/01/20270.1%
Ohio Univ5.590% 12/01/21140.1%
McCormick & Co., Inc.2.500% 04/15/20300.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
Weight Watchers International, Inc.8.625% 12/01/20250.1%
Charter Communications Operating, LLC (aka CCO Saf1.910% 02/01/20270.1%
LCPR Senior Secured Financing DAC6.750% 10/15/20270.1%
Murphy Oil USA, Inc.4.750% 09/15/20290.1%
Visa, Inc.3.150% 12/14/20250.1%
Hub International LTD3.263% 04/25/20250.1%
Hillman Group, Inc.6.375% 07/15/20220.1%
PetSmart, Inc.5.875% 06/01/20250.1%
Farmers Insurance Exchange4.747% 11/01/20570.1%
Ohio Power Co.4.150% 04/01/20480.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
Astoria Energy LLC5.000% 12/24/20210.1%
Western Institutional5.238% 12/12/20260.1%
Jagged Peak Energy LLC5.875% 05/01/20260.1%
Providence St Joseph Health Obligated Group2.532% 10/01/20290.1%
Cloud Crane LLC10.125% 08/01/20240.1%
Lennar Corp.4.750% 11/15/20220.1%
Oceaneering International, Inc.6.000% 02/01/20280.1%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.1%
Atlantic City Electric Co.4.000% 10/15/20280.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Masonite International Corp.5.375% 02/01/20280.1%
Marble II Pte Ltd.5.300% 06/20/20220.1%
Scientific Games International, Inc.7.000% 05/15/20280.1%
Quicken Loans LLC5.250% 01/15/20280.1%
Zoetis, Inc.3.900% 08/20/20280.1%
Ultimate Software Group Inc3.906% 05/04/20260.1%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.1%
Baxter International, Inc.3.750% 10/01/20250.1%
PepsiCo, Inc.3.600% 03/01/20240.1%
Sealed Air Corp.6.875% 07/15/20330.1%
Endeavor Energy Resources L.P.5.500% 01/30/20260.1%
Black Hills Corp.4.350% 05/01/20330.1%
Southwestern Energy Co.6.450% 01/23/20250.1%
Sabine Pass Liquefaction LLC4.500% 05/15/20300.1%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.1%
Penn National Gaming, Inc.3.000% 10/15/20250.1%
SPX FLOW, Inc.5.875% 08/15/20260.1%
CSN Resources SA7.625% 04/17/20260.1%
Lear Corp.3.800% 09/15/20270.1%
Delta 2 (Lux) S.a r.l (aka Formula One)3.500% 02/01/20240.1%
Toll Brothers Finance Corp.5.625% 01/15/20240.1%
Citigroup, Inc.4.450% 09/29/20270.1%
Allstate Corp.3.280% 12/15/20260.1%
Pennsylvania5.450% 02/15/20300.1%
HCA, Inc.7.690% 06/15/20250.1%
Arch Capital Finance LLC4.011% 12/15/20260.1%
American Homes 4 Rent LP4.900% 02/15/20290.1%
Assurant, Inc.3.700% 02/22/20300.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
WPX Energy, Inc.5.250% 10/15/20270.1%
CARLYLE US CLO 2019-4 LTD2.975% 01/15/20330.1%
Las Vegas Sands Corp.3.900% 08/08/20290.1%
Freeport-McMoRan, Inc.4.375% 08/01/20280.1%
Goldman Sachs Group, Inc.3.500% 11/16/20260.1%
DG Investment Intermediate Holdings 2, Inc. (aka Convergint Technologies Holdings, LLC)4.865% 02/03/20250.1%
FMC Corp.3.450% 10/01/20290.1%
Electricite de France SA3.625% 10/13/20250.1%
Rochester Gas & Electric Corp.3.100% 06/01/20270.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o5.000% 06/01/20240.1%
Monongahela Pwr Co3.550% 05/15/20270.1%
Pfizer, Inc.2.625% 04/01/20300.1%
CSC Holdings LLC6.500% 02/01/20290.1%
Hercules Merger Sub LLC2.906% 10/16/20260.1%
China Railway Xunjie Co Ltd3.250% 07/28/20260.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Northwoods Capital 20 Ltd3.045% 01/25/20300.1%
OZLM Funding III Ltd2.208% 01/22/20290.1%
Itron, Inc.5.000% 01/15/20260.1%
Autopistas del Sol SA/Costa Rica7.375% 12/30/20300.1%
U.S. Bancorp3.000% 07/30/20290.1%
Occidental Petroleum Corp.3.125% 02/15/20220.1%
Bermuda Government International Bond2.375% 08/20/20300.1%
Murphy Oil Corp.5.875% 12/01/20270.1%
Calpine Corp.4.625% 02/01/20290.1%
Toll Brothers Finance Corp.4.875% 03/15/20270.1%
Miami Dade Cnty, FL3.982% 10/01/20410.1%
NYU Hospitals Center4.368% 07/01/20470.1%
Port of Seattle, WA3.755% 05/01/20360.1%
Octagon Investment Partners 29 Ltd1.444% 01/24/20330.1%
PBF Finance Corp.9.250% 05/15/20250.1%
Trivium Packaging Finance BV5.500% 08/15/20260.1%
Arizona Public Service Co.2.950% 09/15/20270.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
Quest Diagnostics, Inc.2.800% 06/30/20310.1%
Weyerhaeuser Co.7.375% 03/15/20320.1%
Shea Homes LP / Shea Homes Funding Corp.6.125% 04/01/20250.1%
Siemens Financial Services, Inc.3.250% 05/27/20250.1%
Lennox International, Inc.1.350% 08/01/20250.1%
Froneri Intl Plc2.406% 01/30/20270.1%
MGM Growth Properties Operating Partnership LP / M4.625% 06/15/20250.1%
Kraft Heinz Foods Co.5.000% 07/15/20350.1%
Sysco Corp.6.600% 04/01/20500.1%
Magna International, Inc.2.450% 06/15/20300.1%
Amphenol Corp.2.050% 03/01/20250.1%
Murphy Oil Corp.5.750% 08/15/20250.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
Century Communities, Inc.6.750% 06/01/20270.1%
Crown Cork & Seal Co., Inc.7.375% 12/15/20260.1%
Goodman US Finance Four LLC4.500% 10/15/20370.1%
JPMorgan Chase & Co.6.100% 12/31/20990.1%
Citgo Petroleum Corp.7.000% 06/15/20250.1%
IRB Holding Corp7.000% 06/15/20250.1%
Revlon, Inc. Class A1.417% 06/30/20250.1%
Credit Suisse Mortgage Capital Certificates 2019-I1.762% 05/15/20360.1%
GCI LLC6.875% 04/15/20250.1%
AES Corp.5.125% 09/01/20270.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
PetSmart, Inc.5.000% 03/11/20220.1%
T-Mobile USA, Inc.4.500% 04/15/20500.1%
Univ of California Bd of Regents3.006% 05/15/20500.1%
Entergy Louisiana LLC4.000% 03/15/20330.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
Oklahoma Gas and Electric4.150% 04/01/20470.1%
Ritchie Bros Auctioneers, Inc.5.375% 01/15/20250.1%
Fifth Third Bank8.250% 03/01/20380.1%
Forterra, Inc.4.000% 10/25/20230.1%
Adani Transmission Ltd4.250% 05/21/20360.1%
Bermuda Government International Bond3.375% 08/20/20500.1%
Signature Aviation US Holdings Inc5.375% 05/01/20260.1%
Mountain View CLO X Ltd1.616% 10/13/20270.1%
Brooklyn Union Gas Co.3.407% 03/10/20260.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
Dominion Gas Holdings LLC3.600% 12/15/20240.1%
Exelon Corp.4.050% 04/15/20300.1%
Norbord, Inc.6.250% 04/15/20230.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
Portland, OR7.701% 06/01/20220.1%
Vertical Holdco GmbH6.625% 07/15/20280.1%
Lamb Weston Holdings, Inc.4.625% 11/01/20240.1%
Altice France Holding SA6.000% 02/15/20280.1%
Royal Caribbean Cruises Ltd.9.125% 06/15/20230.1%
Crown Castle International Corp.4.150% 07/01/20500.1%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.1%
Freeport-McMoRan, Inc.5.250% 09/01/20290.1%
Allegion plc3.500% 10/01/20290.1%
Provincia de Mendoza Argentina8.375% 05/19/20240.1%
Colonial Enterprises Inc3.250% 05/15/20300.1%
Gibson Brands, Inc0.000% -0.1%
Gap, Inc.8.875% 05/15/20270.1%
Trans Union LLC1.906% 11/13/20260.1%
AutoNation, Inc.4.750% 06/01/20300.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
Neuberger Berman Loan Advisers CLO 35 Ltd1.612% 01/19/20330.1%
JBS USA Lux S.A. (fka JBS USA, LLC)3.072% 05/01/20260.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Penske Automotive Group, Inc.3.500% 09/01/20250.1%
Sirius XM Radio, Inc.5.000% 08/01/20270.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
Jamestown CLO VII Ltd.1.895% 07/25/20270.1%
BAT Capital Corp4.700% 04/02/20270.1%
The Bd of Governors of the Univ of North Carolina3.847% 12/01/20340.1%
Netflix, Inc.3.875% 11/15/20290.1%
Centennial Resource Production LLC5.375% 01/15/20260.1%
Go Daddy Operating Co LLC / GD Finance Co Inc5.250% 12/01/20270.1%
Oklahoma Gas and Electric3.850% 08/15/20470.1%
T-Mobile USA, Inc.3.500% 04/15/20250.1%
United Rentals, Inc.4.625% 10/15/20250.1%
JetBlue 2019-1 Class A Pass Through Trust2.950% 05/15/20280.1%
Cleveland Clinic4.858% 01/01/21140.1%
Dayton Power & Light Co.3.950% 06/15/20490.1%
Tenet Healthcare Corp.4.875% 01/01/20260.1%
Memphis-Shelby Cnty Indus Dev Bd, TN7.000% 07/01/20450.1%
Churchill Downs, Inc.5.500% 04/01/20270.1%
Consolidated Communications, Inc.6.500% 10/01/20220.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
PTC, Inc.3.625% 02/15/20250.1%
Huntington Ingalls Industries, Inc.3.844% 05/01/20250.1%
Kraft Heinz Foods Co.3.750% 04/01/20300.1%
Ascension Health3.945% 11/15/20460.1%
D.R. Horton, Inc.2.600% 10/15/20250.1%
DTE Energy Co.1.050% 06/01/20250.1%
Pattern Energy Operations LP / Pattern Energy Oper4.500% 08/15/20280.1%
CNA Financial Corp.2.050% 08/15/20300.1%
Teck Resources Ltd.3.900% 07/15/20300.1%
Matador Resources Co.5.875% 09/15/20260.1%
Calpine Corp.5.250% 06/01/20260.1%
Sirius XM Radio, Inc.5.375% 07/15/20260.1%
Mountain View CLO 2017-1 LLC2.021% 10/16/20290.1%
CIFC Funding 2013-II Ltd1.872% 10/18/20300.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.625% 01/15/20270.1%
ProLogis, Inc.3.875% 09/15/20280.1%
Autoridad del Canal de Panama4.950% 07/29/20350.1%
Murphy Oil Corp.6.875% 08/15/20240.1%
Sierra Pac Power Co.2.600% 05/01/20260.1%
Johns Hopkins University2.813% 01/01/20600.1%
Wabtec Corp.4.950% 09/15/20280.1%
Gray Television, Inc.5.875% 07/15/20260.1%
Colt Merger Sub Inc5.750% 07/01/20250.1%
Pike Corp3.180% 07/24/20260.1%
Navient Corp.6.750% 06/15/20260.1%
Brown-Forman Corp.3.500% 04/15/20250.1%
Xylem, Inc.3.250% 11/01/20260.1%
CyrusOne L.P. / CyrusOne Finance Corp.2.900% 11/15/20240.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
GREYWOLF CLO VII Ltd1.452% 10/20/20310.1%
Republic of Peru2.392% 01/23/20260.1%
Clearway Energy Operating LLC4.750% 03/15/20280.1%
Civitas Solutions, Inc.4.410% 02/05/20260.1%
USAA Capital Corp2.125% 05/01/20300.1%
Palmer Square Loan Funding 2018-1 Ltd1.325% 04/15/20260.1%
Claire's Stores, Inc.7.614% 12/18/20260.1%
AES Panama Generation Holdings SRL4.375% 05/31/20300.1%
NRG Energy, Inc.5.250% 06/15/20290.1%
Kraft Heinz Foods Co.4.875% 10/01/20490.1%
SM Energy Co.6.750% 09/15/20260.1%
Lennar Corp.4.750% 05/30/20250.1%
Marble Point CLO XVII Ltd2.042% 04/20/20330.0%
Centene Corp.4.750% 01/15/20250.0%
Halcyon Loan Advisors Funding 2017-2 Ltd1.973% 01/17/20300.0%
Hanover Insurance Group, Inc.2.500% 09/01/20300.0%
Intuit, Inc.0.950% 07/15/20250.0%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.0%
Calpine Corp.5.125% 03/15/20280.0%
THL Credit Wind River 2017-1 CLO Ltd1.972% 04/18/20290.0%
TIAA Asset Management Finance Co. LLC4.125% 11/01/20240.0%
Alexandria Real Estate Equities, Inc.4.900% 12/15/20300.0%
Tencent Music Entertainment Group1.375% 09/03/20250.0%
NRG Energy, Inc.4.450% 06/15/20290.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
Berkshire Hathaway, Inc.3.125% 03/15/20260.0%
Southern Star Central Corp.5.125% 07/15/20220.0%
ITR Concession Co LLC5.183% 07/15/20350.0%
Tencent Music Entertainment Group2.000% 09/03/20300.0%
Lennar Corp.4.750% 11/29/20270.0%
Honolulu City & Cnty, HI5.418% 12/01/20270.0%
Diamondback Energy, Inc.4.750% 05/31/20250.0%
TCF Auto Receivables Owner Trust 2016-12.320% 06/15/20220.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Goodman US Finance Three LLC3.700% 03/15/20280.0%
Frontera Generation Hold5.250% 05/02/20250.0%
Berkshire Hathaway, Inc.2.750% 03/15/20230.0%
TerraForm Power Operating LLC5.000% 01/31/20280.0%
AstraZeneca plc2.125% 08/06/20500.0%
Oceaneering International, Inc.4.650% 11/15/20240.0%
JPMCC Commercial Mortgage Securities Trust 2017-JP4.031% 03/15/20500.0%
General Mills, Inc.2.875% 04/15/20300.0%
Wisconsin3.294% 05/01/20370.0%
Dignity Health3.812% 11/01/20240.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Univision Communications Inc.3.750% 03/15/20240.0%
Merlin Entertainments PLC5.750% 06/15/20260.0%
Benefit Street Partners CLO XIX Ltd2.275% 01/15/20330.0%
Port of Seattle, WA3.571% 05/01/20320.0%
CIT Group, Inc.5.250% 03/07/20250.0%
Univision Communications Inc.4.750% 03/15/20260.0%
IHS Markit Ltd4.250% 05/01/20290.0%
CDW Corp.4.125% 05/01/20250.0%
Energy East Corp.3.800% 06/01/20290.0%
Cedar Funding VI CLO Ltd3.272% 10/20/20280.0%
United Rentals, Inc.5.875% 09/15/20260.0%
Alexandria Real Estate Equities, Inc.3.800% 04/15/20260.0%
SM Energy Co.6.625% 01/15/20270.0%
Netflix, Inc.3.625% 06/15/20250.0%
JPMorgan Chase & Co.4.600% 12/31/20990.0%
Apex Credit CLO 2017-II LLC2.156% 09/20/20290.0%
Bain Capital Credit CLO 2017-22.045% 07/25/20300.0%
HCA, Inc.7.580% 09/15/20250.0%
Doncasters US Finance LLC (Doncasters US LLC)8.500% 03/31/20240.0%
Massachusetts4.200% 12/01/20210.0%
Reliance Steel & Aluminum Co.2.150% 08/15/20300.0%
Commercial Barge Line0.000% -0.0%
Netflix, Inc.3.625% 06/15/20300.0%
Mclaren Finance PLC5.750% 08/01/20220.0%
Churchill Downs, Inc.4.750% 01/15/20280.0%
Apache Corp.4.750% 04/15/20430.0%
Sound Point CLO XI Ltd.3.222% 07/20/20280.0%
Callon Petroleum Co.6.125% 10/01/20240.0%
Occidental Petroleum Corp.2.700% 02/15/20230.0%
KKR CLO 9 Ltd2.025% 07/15/20300.0%
Corp Nacional del Cobre de Chile3.750% 01/15/20310.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
Kraft Heinz Foods Co.4.625% 01/30/20290.0%
Octagon Investment Partners XIV Ltd2.175% 07/15/20290.0%
Mariner Clo 2017-4 Ltd3.295% 10/26/20290.0%
Claire's Stores, Inc.0.000% -0.0%
Netflix, Inc.5.500% 02/15/20220.0%
Penske Automotive Group, Inc.5.500% 05/15/20260.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
San Francisco City & Cnty, CA5.450% 06/15/20250.0%
Lennox International, Inc.1.700% 08/01/20270.0%
Kansas City Southern3.500% 05/01/20500.0%
Halcyon Loan Advisors Funding Ltd.2.395% 07/25/20270.0%
Galaxy XXI CLO Ltd1.292% 04/20/20310.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Oasis Petroleum, Inc.6.875% 03/15/20220.0%
Palmer Square Loan Funding 2018-1 Ltd1.675% 04/15/20260.0%
Parallel 2017-1 Ltd1.302% 07/20/20290.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Apex Credit CLO 2016 Ltd1.545% 10/27/20280.0%
CDW Corp.4.250% 04/01/20280.0%
VTR Finance B.V.6.375% 07/15/20280.0%
Eclipse Resources Corp.8.875% 07/15/20230.0%
UC Holdings0.000% -0.0%
West CLO 2014-2 Ltd2.021% 01/16/20270.0%
Commercial Barge Line0.000% -0.0%
Harbor Park CLO 18-1 Ltd3.172% 01/20/20310.0%
UTEX Industries0.000% 05/22/20210.0%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.0%
HCA, Inc.7.050% 12/01/20270.0%
Apidos CLO XXIII2.821% 04/15/20330.0%
Western Gas Partners L.P.3.950% 06/01/20250.0%
Western Gas Partners L.P.4.100% 02/01/20250.0%
KVK CLO 2013-1 Ltd1.718% 01/14/20280.0%
American Homes 4 Rent LP4.250% 02/15/20280.0%
Calpine Corp.4.500% 02/15/20280.0%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.0%
AMMC CLO XIII Ltd1.964% 07/24/20290.0%
Century Communities, Inc.5.875% 07/15/20250.0%
AMMC CLO XII Ltd2.943% 11/10/20300.0%
Bill Barrett Corp.7.000% 10/15/20220.0%
Doncasters US Finance LLC (Doncasters US LLC)0.500% 03/31/20250.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
Hardee's Funding LLC5.710% 06/20/20480.0%
HCA, Inc.8.360% 04/15/20240.0%
Cedar Funding VI CLO Ltd1.872% 10/20/20280.0%
Mclaren Finance PLC5.000% 08/01/20220.0%
Regatta VI Funding Ltd2.956% 07/20/20280.0%
Commercial Barge Line0.000% -0.0%
Battalion CLO VII Ltd3.203% 07/17/20280.0%
ION Media0.000% -0.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Southwestern Energy Co.7.500% 04/01/20260.0%
THL Credit Wind River 2018-3 CLO Ltd3.222% 01/20/20310.0%
FGI Operating Company, LLC5.875% 05/15/20220.0%
Commercial Mortgage Backed Index Swap0.000% 11/18/20540.0%
Oasis Petroleum, Inc.6.250% 05/01/20260.0%
Revlon Consumer Products Corp.5.750% 02/15/20210.0%
Civitas Solutions, Inc.4.410% 02/05/20260.0%
Revlon, Inc. Class A0.000% -0.0%
Arcor6.000% 07/06/20230.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
ACC Trust 2018-14.820% 05/20/20210.0%
Credit Index Swap5.000% 06/20/20250.0%
Remington Outdoor Co. Inc.0.000% -0.0%
Templar Energy LLC0.000% -0.0%
Mirabela Nickel Ltd.1.000% 09/16/20440.0%
OGX Austria GmbH8.500% 06/01/20190.0%
Remington Outdoor Co. Inc.0.000% -0.0%
Templar Energy LLC0.000% -0.0%
US 10YR ULTRA FUT DEC200.000% 12/31/20200.0%
US LONG BOND(CBT) DEC200.000% 12/31/20200.0%
US ULTRA BOND CBT DEC200.000% 12/31/20200.0%
EURO-BOBL FUT Sep200.000% 09/10/20200.0%
Washington Mutual, Inc.6.875% 06/15/20110.0%
General Motors Corp. NCV Escrow 8.375% 7/15/20338.375% 07/15/20330.0%
Hellas II0.000% 01/15/20150.0%
US 10YR NOTE (CBT)DEC200.000% 12/31/20200.0%
US 5YR NOTE (CBT) DEC200.000% 01/06/20210.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
US 2YR NOTE (CBT) DEC200.000% 01/06/20210.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 11/18/20540.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
FX USD/AUD 11/200.000% 11/27/20200.0%
FX USD/GBP 09/200.000% 09/08/20200.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 11/18/20540.0%
FX USD/EUR 09/200.000% 09/04/2020-0.1%
Credit Index Swap1.000% 06/20/2025-0.1%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 10/26/2020
$0.253
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 09/30/2020 $0.02641 $7.95
Daily Daily 08/31/2020 $0.02732 $8.06
Daily Daily 07/31/2020 $0.02733 $7.96
Daily Daily 06/30/2020 $0.02853 $7.68
Daily Daily 05/31/2020 $0.02970 $7.59
Daily Daily 04/30/2020 $0.03022 $7.32
Daily Daily 03/31/2020 $0.02936 $7.06
Daily Daily 02/29/2020 $0.02701 $8.08
Daily Daily 01/31/2020 $0.02766 $8.15

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2018 12/18/2018 $0.0841 - $0.0841 $7.50
07/30/2018 07/31/2018 - $0.0398 $0.0398 $7.94

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/17/2020 12/18/2020

Fees & Expenses

Fees & Expenses

Expense Ratioas of 09/30/2020

0.52%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
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* Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

 

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. 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, 2019, 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 2019 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.

 

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. 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.

 

Class R6 - The inception date for Class R6 shares is June 30, 2015. The performance quotations for Class R6 are based on the following methods of calculation: (a) for periods prior to June 30, 2015, a restated figure is used based on the historical performance of the Fund’s portfolio since inception to reflect all charges and fees applicable to Class R6 shares; and (b) for periods after June 30, 2015, actual Class R6 performance is used, which reflects all charges and fees applicable to Class R6 shares.

Class R6 shares are only offered to certain eligible investors. 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.

Select funds to run a Morningstar Hypothetical Report.

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