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Bond Debenture Fund

Daily price w/o sales charge as of 07/06/2020

$7.77

arrowUp$0.03

YTD Returns w/o sales charge as of 07/06/2020

-1.69%

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 07/06/2020  

w/o sales charge 4.41%

30-Day Standardized Yield 2 as of 05/31/2020  

3.91%

Fund Basicsas of 05/29/2020

Total Net Assets
$16.42 B
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Expense Ratio
0.52%
Number of Holdings
869

Fund Expense Ratio :

0.52%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -2.90% -0.38% 3.58% 4.66% 6.77% -
Lipper Category Avg. Multi-Sector Income Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% 4.30% 3.82% -

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

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 -2.90% -0.38% 3.58% 4.66% 6.77% -
Lipper Category Avg. Multi-Sector Income Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% 4.30% 3.82% -

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

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
Municipals
CMBS
ABS
Sovereign
MBS
Convertibles

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

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

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

Credit Quality Distribution as of 05/29/2020 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 & 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 & Chief Investment Officer

29 Years of Industry Experience

Supported By 59 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 07/06/2020  

w/o sales charge 4.41%

30-Day Standardized Yield 2 as of 05/31/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.91% 3.91%

Fund Expense Ratio :

0.52%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -2.90% -0.38% 3.58% 4.66% 6.77% -
Lipper Category Avg. Multi-Sector Income Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% 4.30% 3.82% -

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

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 -2.90% -0.38% 3.58% 4.66% 6.77% -
Lipper Category Avg. Multi-Sector Income Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% 4.30% 3.82% -

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

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% - - -1.69%
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
Municipals
CMBS
ABS
Sovereign
MBS
Convertibles
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 05/29/2020

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

Portfolio Positioning as of 03/31/2020

  • From a sector standpoint, we have shifted more defensively in the portfolio. Our largest portfolio underweights are materials, telecommunication services and energy.
  • We have reduced the portfolio’s allocation to MBS and U.S. Treasuries in order to fund our additions to U.S. high yield bonds as we believe the valuations are more attractive and in an effort to increase our beta adjusted spread duration.
  • We believe the portfolio’s allocations to high yield bonds, bank loans and equity-related securities should offer diversification benefits and mitigate its sensitivity to changes in interest rates.
  • Despite the economic vigor that was building in 2019 through early 2020, the curtailment of economic activity subsequent to coronavirus-related mitigation measures will likely delay any economic growth until the back half of the year. We believe the recovery will favor higher quality segments of the market first, due largely to liquidity and the technical backdrop. Thus, we have been increasing the portfolio’s holdings of ‘BB’ rated debt, which we view as offering an attractive opportunity.

Portfolio Details as of 05/29/2020

Total Net Assets
$16.42 B
Number of Issues
869
Average Coupon
4.97%
Average Life
8.96 Years
Average Maturity
14.4 Years
Average Effective Duration
4.86 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
DISH DBS Corp. 7.750% 07/01/2026 0.8%
Sprint Capital Corp. 6.875% 11/15/2028 0.8%
Tesla Motors, Inc. 5.300% 08/15/2025 0.7%
Shake Shack, Inc. 0.000% - 0.6%
CCO Holdings LLC / CCO Holdings Capital Corp. 5.125% 05/01/2027 0.5%
Newell Rubbermaid, Inc. 4.700% 04/01/2026 0.5%
Tesla Motors, Inc. 2.000% 05/15/2024 0.5%
HCA, Inc. 5.500% 06/15/2047 0.4%
DocuSign Inc 0.000% - 0.4%
Cenovus Energy, Inc. 5.400% 06/15/2047 0.4%
% of Total Assets 5.6%
Holding Coupon Maturity Assets
DISH DBS Corp.7.750% 07/01/20260.8%
Sprint Capital Corp.6.875% 11/15/20280.8%
Tesla Motors, Inc.5.300% 08/15/20250.7%
Shake Shack, Inc.0.000% -0.6%
CCO Holdings LLC / CCO Holdings Capital Corp.5.125% 05/01/20270.5%
Newell Rubbermaid, Inc.4.700% 04/01/20260.5%
Tesla Motors, Inc.2.000% 05/15/20240.5%
HCA, Inc.5.500% 06/15/20470.4%
DocuSign Inc0.000% -0.4%
Cenovus Energy, Inc.5.400% 06/15/20470.4%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.4%
Eli Lilly & Co.2.250% 05/15/20500.4%
Amazon.com, Inc.5.200% 12/03/20250.4%
Freeport-McMoRan, Inc.3.875% 03/15/20230.4%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.4%
Intesa Sanpaolo SpA5.710% 01/15/20260.4%
CCO Holdings LLC / CCO Holdings Capital Corp.5.750% 02/15/20260.4%
Verizon Communications, Inc.2.625% 08/15/20260.4%
Netflix, Inc.3.625% 05/15/20270.4%
Equinix, Inc.2.875% 02/01/20260.4%
Bank of America Corp.2.369% 07/21/20210.3%
Credit Index Swap5.000% 06/20/20250.3%
PG&E Corp0.000% 04/27/20210.3%
CIT Group, Inc.6.125% 03/09/20280.3%
Cable One, Inc.0.000% -0.3%
Abu Dhabi Government International Bond3.125% 05/03/20260.3%
ING Groep NV5.750% 09/10/21690.3%
PayPal Holdings, Inc.3.250% 06/01/20500.3%
National Fuel Gas Co.5.500% 01/15/20260.3%
NRG Energy, Inc.5.750% 01/15/20280.3%
MEG Energy Corp.7.125% 02/01/20270.3%
Numericable Group S.A.7.375% 05/01/20260.3%
Campbell Soup Co.3.125% 04/24/20500.3%
American Tower Corp.2.950% 01/15/20250.3%
Ukraine Government7.375% 09/25/20320.3%
Enel Finance International N.V.3.500% 04/06/20280.3%
NextEra Energy Operating Partners LP3.875% 10/15/20260.3%
Ford Motor Co.9.000% 04/22/20250.3%
Lukoil Securities BV3.875% 05/06/20300.3%
Kayne CLO 7 Ltd2.607% 04/17/20330.3%
Great Wolf Trust 2019-WOLF1.218% 12/15/20360.3%
Occidental Petroleum Corp.2.700% 08/15/20220.3%
Starbucks Corp.4.450% 08/15/20490.3%
Suntory Holdings Ltd2.250% 10/16/20240.3%
Microsoft Corp.3.125% 11/03/20250.3%
Shell International Finance BV6.375% 12/15/20380.3%
Hasbro, Inc.3.900% 11/19/20290.3%
Tenet Healthcare Corp.6.250% 02/01/20270.3%
Numericable Group S.A.8.125% 02/01/20270.3%
DraftKings Inc0.000% -0.3%
Global Payments, Inc.2.900% 05/15/20300.3%
Univision Communications, Inc.5.125% 02/15/20250.3%
Hilton Domestic Operating Co, Inc.5.125% 05/01/20260.3%
Regionalcare Hospital Prtnrs3.924% 11/16/20250.3%
SBA Communications Corp.3.875% 02/15/20270.3%
Altice Financing S.A.7.500% 05/15/20260.3%
General Motors Co.6.125% 10/01/20250.3%
Boeing Co.4.508% 05/01/20230.3%
Spotify Technology SA0.000% -0.2%
Egypt Government International Bond5.577% 02/21/20230.2%
Ziggo BV5.500% 01/15/20270.2%
NextCure Inc0.000% -0.2%
Global Bank Corp.5.250% 04/16/20290.2%
Pasadena Public Fing Auth7.148% 03/01/20430.2%
Lululemon Athletica, Inc.0.000% -0.2%
Amazon.com, Inc.4.800% 12/05/20340.2%
Netflix, Inc.4.875% 04/15/20280.2%
NVIDIA Corp.0.000% -0.2%
Hess Corp.5.600% 02/15/20410.2%
Carnival Corp.11.500% 04/01/20230.2%
California St Univ3.899% 11/01/20470.2%
State Grid Overseas Investment 2016 Ltd3.500% 05/04/20270.2%
Wynn Macau Ltd.5.500% 10/01/20270.2%
Smithfield Foods, Inc.5.200% 04/01/20290.2%
BMW US Capital LLC4.150% 04/09/20300.2%
United Technologies Corp.4.125% 11/16/20280.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Bacardi Ltd.4.700% 05/15/20280.2%
Memorial Sloan-Kettering Cancer Center4.200% 07/01/20550.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Old Dominion Freight Line, Inc.0.000% -0.2%
ABN Amro Bank NV4.750% 07/28/20250.2%
Benchmark 2019-B12 Mortgage Trust4.246% 08/15/20520.2%
Western Digital Corp.4.750% 02/15/20260.2%
Indigo Natural Resources LLC6.875% 02/15/20260.2%
LifePoint Hospitals, Inc.4.375% 02/15/20270.2%
Centene Corp.4.625% 12/15/20290.2%
Continental Resources, Inc.4.375% 01/15/20280.2%
Trimble Navigation Ltd.4.750% 12/01/20240.2%
KLA-Tencor Corp.4.100% 03/15/20290.2%
Saudi Arabian Oil Co4.375% 04/16/20490.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
NVIDIA Corp.3.200% 09/16/20260.2%
JD.com, Inc.4.125% 01/14/20500.2%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.2%
Leggett & Platt, Inc.4.400% 03/15/20290.2%
Clorox Co.0.000% -0.2%
Amphenol Corp.2.800% 02/15/20300.2%
Buckeye Partners L.P.6.375% 01/22/20780.2%
Seven & I Holdings Co., Ltd3.350% 09/17/20210.2%
Amazon.com, Inc.3.150% 08/22/20270.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
PDC Energy, Inc.5.750% 05/15/20260.2%
Midwest Connector Capital Co LLC4.625% 04/01/20290.2%
Northwestern Mutual Life Insurance Co/The3.850% 09/30/20470.2%
Rockwell Automation, Inc.0.000% -0.2%
Bank of Ireland Group PLC4.500% 11/25/20230.2%
Macquarie Bank Ltd./London6.125% 03/08/21670.2%
Playtika Holding Corp7.072% 12/03/20240.2%
Verscend Escrow Corp9.750% 08/15/20260.2%
IHS Markit Ltd4.000% 03/01/20260.2%
Tiffany & Co.4.900% 10/01/20440.2%
British Airways 2019-1 Class AA Pass Through Trust3.300% 12/15/20320.2%
Kenya Government International Bond7.250% 02/28/20280.2%
Pulte Group, Inc.6.375% 05/15/20330.2%
BNP Paribas S.A.4.500% 02/25/21700.2%
Newmont Mining Corp.2.250% 10/01/20300.2%
Centene Corp.3.375% 02/15/20300.2%
Regatta XVI Funding Ltd3.953% 01/15/20330.2%
Beyond Meat Inc0.000% -0.2%
Autodesk, Inc.3.500% 06/15/20270.2%
Boeing Co.5.805% 05/01/20500.2%
Microsoft Corp.3.300% 02/06/20270.2%
Apple, Inc.3.000% 06/20/20270.2%
Mersin Uluslararasi Liman Isletmeciligi AS5.375% 11/15/20240.2%
Navient Corp.6.125% 03/25/20240.2%
Prosus NV3.680% 01/21/20300.2%
Fidelity National Financial Group4.500% 08/15/20280.2%
Webster Financial Corp.4.100% 03/25/20290.2%
Enel Finance International N.V.2.650% 09/10/20240.2%
NVR, Inc.3.000% 05/15/20300.2%
CSC Holdings LLC5.500% 04/15/20270.2%
Micron Technology, Inc.5.327% 02/06/20290.2%
Hess Corp.5.800% 04/01/20470.2%
PartnerRe Finance B LLC3.700% 07/02/20290.2%
Etsy, Inc.0.000% -0.2%
AbbVie, Inc.3.200% 11/21/20290.2%
NRG Energy, Inc.3.750% 06/15/20240.2%
Marble Point CLO XVII Ltd2.196% 04/20/20330.2%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.2%
Development Bank of Mongolia LLC7.250% 10/23/20230.2%
Amazon.com, Inc.4.250% 08/22/20570.2%
Metropolitan Museum of Art3.400% 07/01/20450.2%
Yingde Gases Investment Ltd6.250% 01/19/20230.2%
Apache Corp.4.250% 01/15/20300.2%
XPO Logistics, Inc.6.250% 05/01/20250.2%
Western Gas Partners L.P.4.050% 02/01/20300.2%
Puget Energy, Inc.4.100% 06/15/20300.2%
Morgan Stanley3.625% 01/20/20270.2%
Twilio, Inc.0.000% -0.2%
Anthem, Inc.2.250% 05/15/20300.2%
AMC Networks, Inc.4.750% 08/01/20250.2%
Compass Bank3.875% 04/10/20250.2%
Massachusetts Sch Bldg Auth5.715% 08/15/20390.2%
New York City Indl Dev Agy11.000% 03/01/20290.2%
Australian Government4.250% 04/21/20260.2%
Indianapolis Power & Light Co.4.050% 05/01/20460.2%
Tencent Holdings Ltd.3.925% 01/19/20380.2%
Transatlantic Holdings, Inc.8.000% 11/30/20390.2%
Transportadora de Gas Internacional SA ESP5.550% 11/01/20280.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.2%
Rite Aid Corp.6.125% 04/01/20230.2%
Credit Suisse Group AG5.100% 01/24/21700.2%
Volkswagen Group of America Finance LLC3.350% 05/13/20250.2%
Exxon Mobil Corp.3.043% 03/01/20260.2%
General Motors Financial Co., Inc.5.250% 03/01/20260.2%
Brink's Co/The4.625% 10/15/20270.2%
CF Industries, Inc.4.500% 12/01/20260.2%
Revlon, Inc. Class A7.000% 06/30/20250.2%
BankUnited, Inc.4.875% 11/17/20250.2%
California7.550% 04/01/20390.2%
Adani Ports & Special Economic Zone Ltd4.375% 07/03/20290.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
Regeneron Pharmaceuticals, Inc.0.000% -0.2%
Roper Industries, Inc.0.000% -0.2%
MEDNAX, Inc.6.250% 01/15/20270.2%
Owens Corning4.300% 07/15/20470.2%
Signature Aviation US Holdings Inc4.000% 03/01/20280.2%
American Airlines, Inc.1.924% 06/27/20250.2%
MEG Energy Corp.0.000% -0.2%
Ivory Coast Govt Intl Bnd5.875% 10/17/20310.2%
Laredo Petroleum Holdings, Inc.10.125% 01/15/20280.2%
Altice France Holding SA10.500% 05/15/20270.2%
Five9, Inc.0.000% -0.2%
Global Payments, Inc.4.150% 08/15/20490.2%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.2%
McCormick & Co., Inc.4.200% 08/15/20470.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Ford Motor Co.9.625% 04/22/20300.2%
Charles Schwab & Co., Inc.5.375% 04/30/21700.2%
IHS Markit Ltd4.750% 08/01/20280.2%
CSC Holdings LLC5.750% 01/15/20300.2%
Enphase Energy, Inc.0.000% -0.2%
Edwards Lifesciences Corp.4.300% 06/15/20280.2%
NEP/NCP Holdco Inc4.700% 10/05/20250.2%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.2%
Penn National Gaming, Inc.5.625% 01/15/20270.2%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.2%
Mattel, Inc.6.750% 12/31/20250.2%
Xplornet Comms Inc4.923% 05/29/20270.2%
EQT Corp.6.125% 02/01/20250.2%
Northern Natural Gas4.300% 01/15/20490.2%
Ontario Teachers' Cadillac Fairview Properties Tru3.875% 03/20/20270.2%
WeWork Cos Inc7.875% 05/01/20250.1%
El Paso Electric Co.5.000% 12/01/20440.1%
PFP 2019-6 Ltd2.282% 04/14/20370.1%
BJ's Wholesale Club, Inc.2.441% 02/03/20240.1%
Lam Research Corp.4.875% 03/15/20490.1%
US Renal Care Inc.5.188% 06/13/20260.1%
Cable Onda SA4.500% 01/30/20300.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
Starfruit US Holdco LLC3.222% 09/20/20250.1%
Kenya Government International Bond8.250% 02/28/20480.1%
Teva Pharmaceutical Finance Co. B.V.2.950% 12/18/20220.1%
General Electric Co.5.000% 12/31/20990.1%
BBCMS 2019-BWAY Mortgage Trust1.140% 11/25/20340.1%
Match Group, Inc.5.000% 12/15/20270.1%
PFP 2019-6 Ltd1.232% 04/14/20370.1%
Alcon Finance Corp2.600% 05/27/20300.1%
Xilinx, Inc.2.950% 06/01/20240.1%
Apple, Inc.1.800% 09/11/20240.1%
eG Global Finance PLC8.500% 10/30/20250.1%
Boston Scientific Corp.7.000% 11/15/20350.1%
Ferguson Finance PLC3.250% 06/02/20300.1%
IRB Holding Corp6.750% 02/15/20260.1%
Petrobras Global Finance BV5.600% 01/03/20310.1%
American Axle & Manufacturing, Inc.4.051% 04/06/20240.1%
Ellie Mae Inc5.200% 04/17/20260.1%
Battalion Clo XVI Ltd3.903% 12/19/20320.1%
VeriSign, Inc.4.750% 07/15/20270.1%
Aeropuerto Internacional de Tocumen SA6.000% 11/18/20480.1%
AXIS Specialty Finance PLC5.150% 04/01/20450.1%
Genesee & Wyoming, Inc.3.450% 11/05/20260.1%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.1%
Kookmin Bank1.750% 05/04/20250.1%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.1%
Parsley Energy LLC5.625% 10/15/20270.1%
AIB Group PLC4.750% 10/12/20230.1%
Inphi Corp.0.000% -0.1%
Centene Corp.5.375% 06/01/20260.1%
Roper Industries, Inc.4.200% 09/15/20280.1%
Costco Wholesale Corp.1.750% 04/20/20320.1%
Forterra, Inc.4.000% 10/25/20230.1%
United Rentals, Inc.4.875% 01/15/20280.1%
PTC, Inc.4.000% 02/15/20280.1%
Hasbro, Inc.5.100% 05/15/20440.1%
C.H. Robinson Worldwide, Inc.4.200% 04/15/20280.1%
Bank of America Corp.4.450% 03/03/20260.1%
NIKE, Inc.2.400% 03/27/20250.1%
Brown-Forman Corp.4.500% 07/15/20450.1%
Hughes Satellite Systems Corp.5.250% 08/01/20260.1%
Centene Corp.4.250% 12/15/20270.1%
Dallas Convention Center Hotel Dev Corp., TX7.088% 01/01/20420.1%
Arcor6.000% 07/06/20230.1%
Dollar General Corp.3.500% 04/03/20300.1%
Buenos Aires, Argentina7.500% 06/01/20270.1%
Selective Insurance Group, Inc.5.375% 03/01/20490.1%
Square, Inc.0.000% -0.1%
Kaiser Foundation Hospitals4.150% 05/01/20470.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
Mount Sinai Hospitals Group Inc3.737% 07/01/20490.1%
Adient US LLC7.000% 05/15/20260.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Citgo Holding, Inc.9.250% 08/01/20240.1%
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%
Wynn Macau Ltd.5.125% 12/15/20290.1%
CSN Islands XI Corp.6.750% 01/28/20280.1%
Tenet Healthcare Corp.5.125% 05/01/20250.1%
Delta Air Lines 2019-1 Class AA Pass Through Trust3.204% 04/25/20240.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Tenet Healthcare Corp.6.750% 06/15/20230.1%
Goldman Sachs Group, Inc.4.250% 10/21/20250.1%
Navient Corp.6.750% 06/25/20250.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Entergy Arkansas, Inc.4.000% 06/01/20280.1%
Teachers Insurance & Annuity Association of Americ4.270% 05/15/20470.1%
DaVita, Inc.5.000% 05/01/20250.1%
Central Japan Railway Co.4.250% 11/24/20450.1%
Valeant Pharmaceuticals International, Inc.8.500% 01/31/20270.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Morgan Stanley3.125% 07/27/20260.1%
Navient Corp.6.750% 06/15/20260.1%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.1%
NextEra Energy Operating Partners LP4.500% 09/15/20270.1%
Salesforce.com, Inc.3.700% 04/11/20280.1%
Florida Gas Transmission Co., LLC4.350% 07/15/20250.1%
Entergy Mississippi, Inc.2.850% 06/01/20280.1%
Hudson Pacific Properties LP3.950% 11/01/20270.1%
DKT Finance ApS9.375% 06/17/20230.1%
Anglo American Capital plc5.625% 04/01/20300.1%
Motorola Solutions, Inc.4.600% 05/23/20290.1%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.1%
Molina Healthcare, Inc.4.875% 06/15/20250.1%
Bacardi Ltd.2.750% 07/15/20260.1%
Home BancShares, Inc.5.625% 04/15/20270.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
San Jose Redev Agy, CA2.259% 08/01/20200.1%
Plains All American Pipeline L.P.6.125% 12/31/20990.1%
Pool Corp.0.000% -0.1%
JPMorgan Chase & Co.3.900% 07/15/20250.1%
Leidos, Inc.3.625% 05/15/20250.1%
MEG Energy Corp.7.000% 03/31/20240.1%
NSG Holdings LLC / NSG Holdings, Inc.7.750% 12/15/20250.1%
Greywolf CLO III Ltd2.388% 04/15/20330.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
Xiaomi Best Time International Ltd3.375% 04/29/20300.1%
Miami Dade Cnty, FL4.280% 10/01/20410.1%
AIA Group Ltd.3.375% 04/07/20300.1%
GLP Capital L.P. / GLP Financing II, Inc.5.750% 06/01/20280.1%
Granite Holdings US Acquisition7.067% 09/25/20260.1%
Kraft Heinz Foods Co.5.000% 06/04/20420.1%
Wayfair, Inc.0.000% -0.1%
AI Candelaria Spain SLU7.500% 12/15/20280.1%
Univ of California Bd of Regents6.548% 05/15/20480.1%
New York and Presbyterian Hospital/The4.063% 08/01/20560.1%
Veritas US Inc / Veritas Bermuda Ltd10.500% 02/01/20240.1%
Rede D'or Finance Sarl4.950% 01/17/20280.1%
San Antonio, TX5.718% 02/01/20410.1%
CSC Holdings LLC10.875% 10/15/20250.1%
District of Columbia, DC5.591% 12/01/20340.1%
Endeavor Energy Resources L.P.5.750% 01/30/20280.1%
Volkswagen Group of America Finance LLC3.750% 05/13/20300.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
Gap, Inc.8.625% 05/15/20250.1%
Entergy Arkansas, Inc.4.950% 12/15/20440.1%
Portland, OR7.701% 06/01/20220.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.1%
Dover Corp.2.950% 11/04/20290.1%
Adyen NV0.000% -0.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.1%
D.R. Horton, Inc.0.000% -0.1%
Amazon.com, Inc.0.000% -0.1%
Montefiore Obligated Group5.246% 11/01/20480.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Boston Beer Co., Inc.0.000% -0.1%
Exelon Generation Co. LLC3.250% 06/01/20250.1%
IRB Holding Corp.3.751% 02/05/20250.1%
Texaco Capital, Inc.8.625% 11/15/20310.1%
SiteOne Landscape Supply, Inc.0.000% -0.1%
Pan American Silver Corp0.000% -0.1%
T-Mobile USA, Inc.6.500% 01/15/20260.1%
Viking Cruises Ltd.5.875% 09/15/20270.1%
DPL, Inc.4.350% 04/15/20290.1%
Parsley Energy LLC5.375% 01/15/20250.1%
PBF Finance Corp.6.000% 02/15/20280.1%
FAGE International SA/ FAGE USA Dairy Industry Inc5.625% 08/15/20260.1%
McCormick & Co., Inc.0.000% -0.1%
Wabtec Corp.3.450% 11/15/20260.1%
Louisville Gas & Electric Co.4.375% 10/01/20450.1%
Jack Henry & Associates, Inc.0.000% -0.1%
MHP Lux SA6.950% 04/03/20260.1%
JD.com, Inc.3.375% 01/14/20300.1%
United Natural Foods Inc4.424% 10/22/20250.1%
Best Buy Co., Inc.4.450% 10/01/20280.1%
VeriSign, Inc.5.250% 04/01/20250.1%
AIB Group PLC4.263% 04/10/20250.1%
Kraft Heinz Foods Co.4.375% 06/01/20460.1%
Veeva Systems, Inc.0.000% -0.1%
Oceaneering International, Inc.6.000% 02/01/20280.1%
Stena AB7.000% 02/01/20240.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
NXP BV / NXP Funding LLC / NXP USA Inc3.400% 05/01/20300.1%
T-Mobile USA, Inc.3.875% 04/15/20300.1%
Las Vegas Sands Corp.3.500% 08/18/20260.1%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.1%
Air Medical Group Holdings, Inc.4.250% 04/28/20220.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.000% 12/01/20240.1%
CVS Caremark Corp.3.625% 04/01/20270.1%
Macy's, Inc.8.375% 06/15/20250.1%
Florida Power & Light Co.2.850% 04/01/20250.1%
Domino's Pizza, Inc.0.000% -0.1%
MarketAxess Holdings, Inc.0.000% -0.1%
Planet Fitness Master Issuer LLC4.262% 09/05/20480.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
TIBCO Software Inc3.930% 07/03/20260.1%
PetSmart, Inc.7.125% 03/15/20230.1%
Hadrian Merger Sub Inc8.500% 05/01/20260.1%
Mattel, Inc.5.875% 12/15/20270.1%
Scotts Miracle-Gro Co.0.000% -0.1%
GrubHub Holdings Inc5.500% 07/01/20270.1%
Univision Communications Inc.3.750% 03/15/20240.1%
Ohio Power Co.4.000% 06/01/20490.1%
Viking Cruises Ltd.13.000% 05/15/20250.1%
Puget Sound Energy, Inc.4.223% 06/15/20480.1%
Georgetown University/The2.943% 04/01/20500.1%
Los Angeles Unif Sch Dist, CA5.750% 07/01/20340.1%
Pike Corp4.250% 07/19/20260.1%
Sysco Corp.2.400% 02/15/20300.1%
Clearway Energy Operating LLC5.750% 10/15/20250.1%
Perimeter Master Note Business Trust4.230% 05/15/20240.1%
BRF SA4.875% 01/24/20300.1%
Electricite de France SA4.500% 09/21/20280.1%
Weight Watchers International, Inc.8.625% 12/01/20250.1%
Concho Resources, Inc.0.000% -0.1%
Bank Leumi Le-Israel BM3.275% 01/29/20310.1%
Ohio Univ5.590% 12/01/21140.1%
CSL Capital, LLC8.250% 10/15/20230.1%
Motorola Solutions, Inc.4.600% 02/23/20280.1%
CDW Corp.5.500% 12/01/20240.1%
CF Trust 2019-BOSS3.434% 12/15/20210.1%
MPT Operating Partnership L.P.5.000% 10/15/20270.1%
Parexel Intl Corp.2.924% 09/27/20240.1%
IDEX Corp.3.000% 05/01/20300.1%
Visa, Inc.3.150% 12/14/20250.1%
ONE Gas, Inc.4.500% 11/01/20480.1%
Atlassian Inc0.625% 05/01/20230.1%
AHP Health Partners Inc9.750% 07/15/20260.1%
Charter Communications Operating, LLC (aka CCO Saf1.930% 02/01/20270.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
Zayo Group Holdings, Inc.4.000% 03/01/20270.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Astoria Energy LLC5.000% 12/24/20210.1%
AstraZeneca plc0.000% -0.1%
TransDigm, Inc.6.250% 03/15/20260.1%
Presidio Holdings Inc4.875% 02/01/20270.1%
Hub International LTD4.020% 04/25/20250.1%
Southern Star Central Corp.5.125% 07/15/20220.1%
Hub International Ltd.7.000% 05/01/20260.1%
Alexandria Real Estate Equities, Inc.3.950% 01/15/20280.1%
AbbVie, Inc.4.250% 11/21/20490.1%
Newell Rubbermaid, Inc.5.875% 04/01/20360.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 04/01/20240.1%
Chicago Transit Auth, IL6.899% 12/01/20400.1%
Chicago Transit Auth, IL6.200% 12/01/20400.1%
Popular, Inc.6.125% 09/14/20230.1%
JB y Co SA de CV3.750% 05/13/20250.1%
AT&T, Inc.2.781% 07/15/20210.1%
Continental Resources, Inc.4.500% 04/15/20230.1%
PetSmart, Inc.5.875% 06/01/20250.1%
Apache Corp.4.375% 10/15/20280.1%
Verisk Analytics, Inc.3.625% 05/15/20500.1%
Marriott International, Inc.5.750% 05/01/20250.1%
Triumph Group, Inc.5.250% 06/01/20220.1%
Coty, Inc.6.500% 04/15/20260.1%
S.C. Johnson & Son, Inc.4.750% 10/15/20460.1%
Trex Co., Inc.0.000% -0.1%
Chipotle Mexican Grill, Inc.0.000% -0.1%
United Airlines 2019-2 Class AA Pass Through Trust2.700% 05/01/20320.1%
McCormick & Co., Inc.2.500% 04/15/20300.1%
Farmers Insurance Exchange4.747% 11/01/20570.1%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.1%
Empresa de Transmision Electrica SA5.125% 05/02/20490.1%
Western Institutional5.238% 12/12/20260.1%
Lennar Corp.4.750% 11/15/20220.1%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.1%
Life Time Fitness, Inc.3.750% 06/10/20220.1%
Marble II Pte Ltd.5.300% 06/20/20220.1%
PepsiCo, Inc.3.600% 03/01/20240.1%
Jagged Peak Energy LLC5.875% 05/01/20260.1%
Netflix, Inc.3.625% 06/15/20300.1%
Beazer Homes USA, Inc.7.250% 10/15/20290.1%
LCPR Senior Secured Financing DAC6.750% 10/15/20270.1%
Vulcan Materials Co.4.500% 06/15/20470.1%
Endeavor Energy Resources L.P.5.500% 01/30/20260.1%
Ultimate Software Group Inc3.924% 05/04/20260.1%
Banff Merger Sub Inc9.750% 09/01/20260.1%
CARLYLE US CLO 2019-4 LTD4.578% 01/15/20330.1%
Ohio Power Co.4.150% 04/01/20480.1%
Silgan Holdings, Inc.0.000% -0.1%
Baxter International, Inc.3.750% 10/01/20250.1%
Autopistas del Sol SA/Costa Rica7.375% 12/30/20300.1%
Freeport-McMoRan, Inc.4.250% 03/01/20300.1%
CIT Bank NA2.969% 09/27/20250.1%
Cornerstone OnDemand Inc5.348% 04/22/20270.1%
Generac Holdings, Inc.0.000% -0.1%
Providence St Joseph Health Obligated Group2.532% 10/01/20290.1%
Seven Generations Energy Ltd.5.375% 09/30/20250.1%
Murphy Oil USA, Inc.4.750% 09/15/20290.1%
Rain CII Carbon LLC7.250% 04/01/20250.1%
Southwestern Energy Co.7.750% 10/01/20270.1%
Zoetis, Inc.3.900% 08/20/20280.1%
Atlantic City Electric Co.4.000% 10/15/20280.1%
Hillman Group, Inc.6.375% 07/15/20220.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Quicken Loans LLC5.250% 01/15/20280.1%
Delta 2 (Lux) S.a r.l (aka Formula One)3.500% 02/01/20240.1%
Owens Corning4.400% 01/30/20480.1%
Pennsylvania5.450% 02/15/20300.1%
Toll Brothers Finance Corp.5.625% 01/15/20240.1%
SPX FLOW, Inc.5.875% 08/15/20260.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o5.000% 06/01/20240.1%
Cloud Crane LLC10.125% 08/01/20240.1%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.1%
ANZ New Zealand Int'l Ltd.2.125% 07/28/20210.1%
DG Investment Intermediate Holdings 2, Inc. (aka Convergint Technologies Holdings, LLC)4.994% 02/03/20250.1%
Northwoods Capital 20 Ltd4.701% 01/25/20300.1%
Allstate Corp.3.280% 12/15/20260.1%
HCA, Inc.7.690% 06/15/20250.1%
Black Hills Corp.4.350% 05/01/20330.1%
Trivium Packaging Finance BV5.500% 08/15/20260.1%
CSC Holdings LLC6.500% 02/01/20290.1%
Sealed Air Corp.6.875% 07/15/20330.1%
Electricite de France SA3.625% 10/13/20250.1%
Panera Bread Company3.744% 07/18/20220.1%
Sabine Pass Liquefaction LLC4.500% 05/15/20300.1%
Edgewater Generation LLC6.309% 12/13/20250.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
WPX Energy, Inc.5.250% 10/15/20270.1%
ProLogis, Inc.4.375% 02/01/20290.1%
Arch Capital Finance LLC4.011% 12/15/20260.1%
Hercules Merger Sub LLC3.120% 10/16/20260.1%
Citigroup, Inc.4.450% 09/29/20270.1%
Yak Access LLC6.450% 07/11/20250.1%
China Railway Xunjie Co Ltd3.250% 07/28/20260.1%
Mirati Therapeutics, Inc.0.000% -0.1%
Rochester Gas & Electric Corp.3.100% 06/01/20270.1%
Monongahela Pwr Co3.550% 05/15/20270.1%
OZLM Funding III Ltd3.048% 01/22/20290.1%
Itron, Inc.5.000% 01/15/20260.1%
Goldman Sachs Group, Inc.3.500% 11/16/20260.1%
Pfizer, Inc.2.625% 04/01/20300.1%
U.S. Bancorp3.000% 07/30/20290.1%
Community Health Systems, Inc.8.125% 06/30/20240.1%
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC)5.250% 09/25/20240.1%
Murphy Oil Corp.5.875% 12/01/20270.1%
Las Vegas Sands Corp.3.900% 08/08/20290.1%
Froneri Intl Plc2.424% 01/30/20270.1%
Aston Martin Capital Holdings Ltd.5.750% 04/15/20220.1%
Eskom Holdings SOC Ltd.7.125% 02/11/20250.1%
Arizona Public Service Co.2.950% 09/15/20270.1%
Octagon Investment Partners 29 Ltd2.200% 01/24/20330.1%
Siemens Financial Services, Inc.3.250% 05/27/20250.1%
Azul Investments LLP5.875% 10/26/20240.1%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.1%
Assurant, Inc.3.700% 02/22/20300.1%
Port of Seattle, WA3.755% 05/01/20360.1%
PBF Finance Corp.9.250% 05/15/20250.1%
Eldorado Resorts, Inc.6.000% 09/15/20260.1%
Memphis-Shelby Cnty Indus Dev Bd, TN7.000% 07/01/20450.1%
Occidental Petroleum Corp.3.125% 02/15/20220.1%
Scientific Games International, Inc.7.000% 05/15/20280.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Murphy Oil Corp.5.750% 08/15/20250.1%
FMC Corp.3.450% 10/01/20290.1%
Crown Cork & Seal Co., Inc.7.375% 12/15/20260.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Shea Homes LP / Shea Homes Funding Corp.6.125% 04/01/20250.1%
j2 Cloud Services LLC / j2 Cloud Co-Obligor Inc6.000% 07/15/20250.1%
Quest Diagnostics, Inc.2.800% 06/30/20310.1%
Centennial Resource Production LLC5.375% 01/15/20260.1%
Miami Dade Cnty, FL3.982% 10/01/20410.1%
Apache Corp.5.100% 09/01/20400.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Amphenol Corp.2.050% 03/01/20250.1%
Ritchie Bros Auctioneers, Inc.5.375% 01/15/20250.1%
Toll Brothers Finance Corp.4.875% 03/15/20270.1%
Kraft Heinz Foods Co.5.000% 07/15/20350.1%
Boyd Gaming Corp.6.000% 08/15/20260.1%
Century Communities, Inc.6.750% 06/01/20270.1%
GCI LLC6.875% 04/15/20250.1%
Clorox Co.1.800% 05/15/20300.1%
OCI NV6.625% 04/15/20230.1%
PetSmart, Inc.5.000% 03/11/20220.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
NYU Hospitals Center4.368% 07/01/20470.1%
Sysco Corp.6.600% 04/01/20500.1%
AES Corp.5.125% 09/01/20270.1%
Credit Suisse Mortgage Capital Certificates 2019-I1.784% 05/15/20360.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
Dominion Gas Holdings LLC3.600% 12/15/20240.1%
IRB Holding Corp7.000% 06/15/20250.1%
JPMorgan Chase & Co.6.100% 12/31/20990.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Mountain View CLO X Ltd2.661% 10/13/20270.1%
Oklahoma Gas and Electric4.150% 04/01/20470.1%
Credit Suisse Group AG6.375% 08/21/21690.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
Brooklyn Union Gas Co.3.407% 03/10/20260.1%
Altice France Holding SA6.000% 02/15/20280.1%
Goodman US Finance Four LLC4.500% 10/15/20370.1%
Lamb Weston Holdings, Inc.4.625% 11/01/20240.1%
Entergy Louisiana LLC4.000% 03/15/20330.1%
Exelon Corp.4.050% 04/15/20300.1%
Crown Castle International Corp.4.150% 07/01/20500.1%
Adani Transmission Ltd4.250% 05/21/20360.1%
CSN Resources SA7.625% 04/17/20260.1%
Valeant Pharmaceuticals International, Inc.7.000% 03/15/20240.1%
AES Corp.4.500% 03/15/20230.1%
Provincia de Mendoza Argentina8.375% 05/19/20240.1%
DexCom, Inc.0.000% -0.1%
T-Mobile USA, Inc.4.500% 04/15/20500.1%
Gibson Brands, Inc0.000% -0.1%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.1%
Norbord, Inc.6.250% 04/15/20230.1%
Univ of California Bd of Regents3.006% 05/15/20500.1%
Trans Union LLC1.924% 11/13/20260.1%
INTRAWEST RESORTS HLDGS INC2.924% 07/31/20240.1%
Signature Aviation US Holdings Inc5.375% 05/01/20260.1%
Sirius XM Radio, Inc.5.000% 08/01/20270.1%
Fifth Third Bank8.250% 03/01/20380.1%
JBS USA Lux S.A. (fka JBS USA, LLC)3.072% 05/01/20260.1%
Freeport-McMoRan, Inc.5.250% 09/01/20290.1%
Province of Santa Fe6.900% 11/01/20270.1%
Go Daddy Operating Co LLC / GD Finance Co Inc5.250% 12/01/20270.1%
Dayton Power & Light Co.3.950% 06/15/20490.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
Allegion plc3.500% 10/01/20290.1%
Colonial Enterprises Inc3.250% 05/15/20300.1%
Cleveland Clinic4.858% 01/01/21140.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
Frontera Generation Hold5.385% 05/02/20250.1%
Tenet Healthcare Corp.4.875% 01/01/20260.1%
Jamestown CLO VII Ltd.2.641% 07/25/20270.1%
Oklahoma Gas and Electric3.850% 08/15/20470.1%
United Rentals, Inc.4.625% 10/15/20250.1%
BAT Capital Corp4.700% 04/02/20270.1%
The Bd of Governors of the Univ of North Carolina3.847% 12/01/20340.1%
T-Mobile USA, Inc.3.500% 04/15/20250.1%
Transocean Pontus Ltd6.125% 08/01/20250.1%
British Airways 2019-1 Class A Pass Through Trust3.350% 06/15/20290.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
JetBlue 2019-1 Class A Pass Through Trust2.950% 05/15/20280.1%
PTC, Inc.3.625% 02/15/20250.1%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Huntington Ingalls Industries, Inc.3.844% 05/01/20250.1%
Consolidated Communications, Inc.6.500% 10/01/20220.1%
Sirius XM Radio, Inc.5.375% 07/15/20260.1%
Calpine Corp.5.250% 06/01/20260.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
Ascension Health3.945% 11/15/20460.1%
Kraft Heinz Foods Co.3.750% 04/01/20300.1%
AutoNation, Inc.4.750% 06/01/20300.1%
WP CityMD Bidco LLC5.761% 08/06/20260.1%
D.R. Horton, Inc.2.600% 10/15/20250.1%
Mountain View CLO 2017-1 LLC2.926% 10/16/20290.1%
Netflix, Inc.3.875% 11/15/20290.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.625% 01/15/20270.1%
Sierra Pac Power Co.2.600% 05/01/20260.1%
Murphy Oil Corp.6.875% 08/15/20240.1%
Valeant Pharmaceuticals International, Inc.5.250% 01/30/20300.1%
Gray Television, Inc.5.875% 07/15/20260.1%
Adani Renewable Energy RJ Ltd/Kodangal Solar Parks4.625% 10/15/20390.1%
ProLogis, Inc.3.875% 09/15/20280.1%
Johns Hopkins University2.813% 01/01/20600.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
Brown-Forman Corp.3.500% 04/15/20250.1%
Zayo Group Holdings, Inc.6.125% 03/01/20280.1%
Autoridad del Canal de Panama4.950% 07/29/20350.1%
Southwestern Energy Co.6.200% 01/23/20250.1%
Republic of Peru2.392% 01/23/20260.1%
Xylem, Inc.3.250% 11/01/20260.1%
Wabtec Corp.4.950% 09/15/20280.1%
Civitas Solutions, Inc.4.792% 02/05/20260.1%
Clearway Energy Operating LLC4.750% 03/15/20280.1%
Palmer Square Loan Funding 2018-1 Ltd2.269% 04/15/20260.1%
Ally Master Owner Trust0.504% 07/15/20220.1%
SM Energy Co.6.750% 09/15/20260.1%
Centene Corp.4.750% 01/15/20250.1%
CyrusOne L.P. / CyrusOne Finance Corp.2.900% 11/15/20240.1%
USAA Capital Corp2.125% 05/01/20300.1%
Claire's Stores, Inc.8.421% 12/18/20260.1%
Transocean Proteus Ltd.6.250% 12/01/20240.1%
Lennar Corp.4.750% 05/30/20250.1%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.1%
Oceaneering International, Inc.4.650% 11/15/20240.1%
Marble Point CLO XVII Ltd2.666% 04/20/20330.1%
Halcyon Loan Advisors Funding 2017-2 Ltd2.835% 01/17/20300.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Berkshire Hathaway, Inc.3.125% 03/15/20260.1%
SPX FLOW, Inc.5.625% 08/15/20240.1%
NRG Energy, Inc.4.450% 06/15/20290.1%
Valeant Pharmaceuticals International, Inc.6.125% 04/15/20250.1%
TIAA Asset Management Finance Co. LLC4.125% 11/01/20240.1%
Calpine Corp.5.125% 03/15/20280.1%
Alexandria Real Estate Equities, Inc.4.900% 12/15/20300.1%
TCF Auto Receivables Owner Trust 2016-12.320% 06/15/20220.1%
Honolulu City & Cnty, HI5.418% 12/01/20270.1%
Darden Restaurants, Inc.4.550% 02/15/20480.1%
Gap, Inc.8.875% 05/15/20270.1%
Berkshire Hathaway, Inc.2.750% 03/15/20230.1%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.1%
Goodman US Finance Three LLC3.700% 03/15/20280.1%
ITR Concession Co LLC5.183% 07/15/20350.1%
NRG Energy, Inc.5.250% 06/15/20290.1%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.1%
Lennar Corp.4.750% 11/29/20270.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
Diamondback Energy, Inc.4.750% 05/31/20250.1%
TerraForm Power Operating LLC5.000% 01/31/20280.1%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Merlin Entertainments PLC5.750% 06/15/20260.0%
General Mills, Inc.2.875% 04/15/20300.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Benefit Street Partners CLO XIX Ltd3.878% 01/15/20330.0%
Dignity Health3.812% 11/01/20240.0%
SM Energy Co.6.625% 01/15/20270.0%
Wisconsin3.294% 05/01/20370.0%
Port of Seattle, WA3.571% 05/01/20320.0%
Eldorado Resorts, Inc.6.000% 04/01/20250.0%
CDW Corp.4.125% 05/01/20250.0%
Revlon, Inc. Class A4.642% 06/30/20250.0%
IHS Markit Ltd4.250% 05/01/20290.0%
CVS Caremark Corp.2.605% 03/09/20210.0%
Energy East Corp.3.800% 06/01/20290.0%
United Rentals, Inc.5.875% 09/15/20260.0%
AG Issuer LLC6.250% 03/01/20280.0%
CIT Group, Inc.5.250% 03/07/20250.0%
Doncasters US Finance LLC (Doncasters US LLC)8.500% 03/31/20240.0%
Cedar Funding VI CLO Ltd4.135% 10/20/20280.0%
Alexandria Real Estate Equities, Inc.3.800% 04/15/20260.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Massachusetts4.200% 12/01/20210.0%
Apex Credit CLO 2017-II LLC2.966% 09/20/20290.0%
Netflix, Inc.3.625% 06/15/20250.0%
HCA, Inc.7.580% 09/15/20250.0%
British Airways 2018-1 Class A Pass Through Trust4.125% 09/20/20310.0%
General Motors Financial Co., Inc.5.100% 01/17/20240.0%
JPMorgan Chase & Co.4.600% 12/31/20990.0%
Callon Petroleum Co.6.125% 10/01/20240.0%
KKR CLO 9 Ltd2.969% 07/15/20300.0%
Corp Nacional del Cobre de Chile3.750% 01/15/20310.0%
Transocean Phoenix 2 Ltd.7.750% 10/15/20240.0%
Sound Point CLO XI Ltd.4.085% 07/20/20280.0%
Kraft Heinz Foods Co.4.625% 01/30/20290.0%
Netflix, Inc.3.625% 06/15/20300.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Occidental Petroleum Corp.2.700% 02/15/20230.0%
Netflix, Inc.5.500% 02/15/20220.0%
San Francisco City & Cnty, CA5.450% 06/15/20250.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
Mariner Clo 2017-4 Ltd4.041% 10/26/20290.0%
Claire's Stores, Inc.0.000% -0.0%
Apache Corp.4.750% 04/15/20430.0%
Galaxy XXI CLO Ltd2.155% 04/20/20310.0%
Halcyon Loan Advisors Funding Ltd.3.141% 07/25/20270.0%
Penn National Gaming, Inc.3.385% 10/15/20250.0%
Southwestern Energy Co.7.500% 04/01/20260.0%
Commercial Barge Line0.000% -0.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Palmer Square Loan Funding 2018-1 Ltd2.619% 04/15/20260.0%
Bill Barrett Corp.7.000% 10/15/20220.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
CDW Corp.4.250% 04/01/20280.0%
Mclaren Finance PLC5.750% 08/01/20220.0%
Commercial Mortgage Backed Index Swap0.000% 11/18/20540.0%
Oasis Petroleum, Inc.6.875% 03/15/20220.0%
UC Holdings0.000% -0.0%
State of Connecticut Bradley International Airport4.282% 07/01/20450.0%
West CLO 2014-2 Ltd2.926% 01/16/20270.0%
Revlon Consumer Products Corp.5.750% 02/15/20210.0%
Commercial Barge Line0.000% -0.0%
Harbor Park CLO 18-1 Ltd4.035% 01/20/20310.0%
Doncasters US Finance LLC (Doncasters US LLC)0.500% 03/31/20250.0%
HCA, Inc.7.050% 12/01/20270.0%
AT&T, Inc.2.891% 06/30/20200.0%
General Motors Financial Co., Inc.3.500% 11/07/20240.0%
Western Gas Partners L.P.3.950% 06/01/20250.0%
Western Gas Partners L.P.3.100% 02/01/20250.0%
UTEX Industries5.311% 05/22/20210.0%
KVK CLO 2013-1 Ltd2.761% 01/14/20280.0%
Calpine Corp.4.500% 02/15/20280.0%
Century Communities, Inc.5.875% 07/15/20250.0%
AMMC CLO XII Ltd3.148% 11/10/20300.0%
American Homes 4 Rent LP4.250% 02/15/20280.0%
American Airlines Group, Inc.3.750% 03/01/20250.0%
ACC Trust 2018-14.820% 05/20/20210.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
HCA, Inc.8.360% 04/15/20240.0%
Penske Automotive Group, Inc.5.500% 05/15/20260.0%
IPG Photonics Corp.0.000% -0.0%
Hardee's Funding LLC5.710% 06/20/20480.0%
Scientific Games International, Inc.8.250% 03/15/20260.0%
Cedar Funding VI CLO Ltd2.735% 10/20/20280.0%
Province of Neuquen7.500% 04/27/20250.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Revlon, Inc. Class A11.667% 09/07/20210.0%
Revlon, Inc. Class A0.000% 06/30/20250.0%
American Homes 4 Rent LP4.900% 02/15/20290.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Regatta VI Funding Ltd3.743% 07/20/20280.0%
General Motors Financial Co., Inc.3.850% 01/05/20280.0%
Battalion CLO VII Ltd4.065% 07/17/20280.0%
Mclaren Finance PLC5.000% 08/01/20220.0%
Commercial Barge Line0.000% -0.0%
Credit Default Swap1.000% 06/20/20200.0%
THL Credit Wind River 2018-3 CLO Ltd4.085% 01/20/20310.0%
Penn National Gaming, Inc.3.385% 10/19/20230.0%
ION Media0.000% -0.0%
JPMorgan Chase & Co.4.000% 12/31/20990.0%
FGI Operating Company, LLC5.833% 05/15/20220.0%
FX USD/GBP 06/200.000% 06/05/20200.0%
Oasis Petroleum, Inc.6.250% 05/01/20260.0%
Civitas Solutions, Inc.5.710% 02/05/20260.0%
FX GBP/USD 06/200.000% 06/05/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
Remington Outdoor Co. Inc.0.000% -0.0%
Templar Energy LLC0.000% -0.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX USD/GBP 06/200.000% 06/05/20200.0%
EURO-BOBL FUT Jun200.000% 06/10/20200.0%
Templar Energy LLC0.000% -0.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
General Motors Corp. NCV Escrow 8.375% 7/15/20338.375% 07/15/20330.0%
Hellas II0.000% 01/15/20150.0%
University of Chicago/The2.761% 04/01/20450.0%
US 10YR NOTE (CBT)SEP200.000% 09/30/20200.0%
US 10YR ULTRA FUT SEP200.000% 09/30/20200.0%
US LONG BOND(CBT) SEP200.000% 09/30/20200.0%
US ULTRA BOND CBT SEP200.000% 09/30/20200.0%
Washington Mutual, Inc.6.875% 06/15/20110.0%
Chicago, IL6.314% 01/01/20440.0%
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%
US 5YR NOTE (CBT) SEP200.000% 10/05/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
US 2YR NOTE (CBT) SEP200.000% 10/05/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX USD/AUD 08/200.000% 08/26/20200.0%
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% 11/18/20540.0%
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% 11/18/20540.0%
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%
Commercial Mortgage Backed Index Swap0.000% 11/18/20540.0%
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% 11/17/20590.0%
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% 11/18/20540.0%
Commercial Mortgage Backed Index Swap0.000% 11/18/20540.0%
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% 11/17/20590.0%
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% 11/18/20540.0%
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% 11/18/20540.0%
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% 11/17/20590.0%
Commercial Mortgage Backed Index Swap0.000% 11/18/20540.0%
Credit Index Swap1.000% 06/20/2025-0.1%
Credit Index Swap1.000% 06/20/2025-0.1%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 07/06/2020
$0.172
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
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 07/31/2020
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

Capital Gains Distributions

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

Upcoming Capital Gain Distribution

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

Fees & Expenses

Fees & Expenses

Expense Ratioas of 05/31/2020

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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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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