Core Fixed Income Fund
Daily price w/o sales charge as of 09/29/2016
$11.22
$0.01
YTD Returns w/o sales charge as of 09/29/2016
6.15%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities.
Yield
Dividend Yield 1 as of 09/29/2016
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 2.20% | 1.99% |
| w/ sales charge | 2.15% | 1.95% |
30-Day Standardized Yield 2 as of 08/31/2016
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 1.66% | 1.47% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 08/31/2016
Expense ratio details, Click here.
The net expense ratio takes into account a contractual fee waiver agreement that currently is scheduled to remain in place through 03/31/2017. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such waivers, performance would have been lower.
Fund Basicsas of 08/31/2016
- Total Net Assets
- $1.21 B
- Inception Date
- 08/31/2000
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 388
- CUSIP
- 543916878
- Minimum Initial Investment
- $1,500+
Expense ratio details, Click here.
The net expense ratio takes into account a contractual fee waiver agreement that currently is scheduled to remain in place through 03/31/2017. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such waivers, performance would have been lower.
Fund Expense Ratio :
Gross 0.86%
Net 0.66%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 08/31/2000 |
|---|
| w/o sales charge | 5.85% | 5.46% | 4.09% | 3.30% | 5.03% | 5.39% |
| Lipper Category Avg. Core Bond Funds | 5.84% | 5.80% | 4.02% | 3.27% | 4.44% | - |
| Barclays U.S. Aggregate Bond Index | 5.86% | 5.97% | 4.37% | 3.24% | 4.89% | 5.33% |
| w/ sales charge | 3.44% | 3.09% | 3.29% | 2.82% | 4.79% | 5.24% |
Fund Expense Ratio :
Gross 0.86%
Net 0.66%
Fund Expense Ratio :
Gross 0.86%
Net 0.66%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 08/31/2000 |
|---|
| w/o sales charge | 5.09% | 4.85% | 3.68% | 3.73% | 5.24% | 5.40% |
| Lipper Category Avg. Core Bond Funds | 5.22% | 4.95% | 3.62% | 3.56% | 4.76% | - |
| Barclays U.S. Aggregate Bond Index | 5.31% | 6.00% | 4.06% | 3.76% | 5.13% | 5.36% |
| w/ sales charge | 2.70% | 2.50% | 2.89% | 3.26% | 5.00% | 5.25% |
Fund Expense Ratio :
Gross 0.86%
Net 0.66%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.
| Type | Assets |
|---|---|
| U.S. Government Related | |
| MBS | |
| ABS | |
| CMBS | |
| Sovereign | |
| Corporates | |
| Other | |
| 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 | |
| 1-2.99 years | |
| 3-4.99 years | |
| 5-6.99 years | |
| 7-9.99 years | |
| Greater than 10 years |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
Credit Quality Distribution as of 08/31/2016 View Portfolio
| Rating | Assets |
|---|---|
| U.S. Treasury | |
| Agency | |
| AAA | |
| AA | |
| A | |
| BBB | |
| <BBB |
Ratings provided by Standard & Poor's and Moody's. Where S&P and Moody's 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 are not rated. The credit quality distribution breakdown is not an S&P credit rating or an opinion of S&P as to the credit worthiness of the portfolio.
Investment Team
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Performance
Performance
Dividend Yield 1 as of 09/29/2016
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 2.20% | 1.99% |
| w/ sales charge | 2.15% | 1.95% |
30-Day Standardized Yield 2 as of 08/31/2016
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 1.66% | 1.47% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.86%
Net 0.66%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 08/31/2000 |
|---|
| w/o sales charge | 5.85% | 5.46% | 4.09% | 3.30% | 5.03% | 5.39% |
| Lipper Category Avg. Core Bond Funds | 5.84% | 5.80% | 4.02% | 3.27% | 4.44% | - |
| Barclays U.S. Aggregate Bond Index | 5.86% | 5.97% | 4.37% | 3.24% | 4.89% | 5.33% |
| w/ sales charge | 3.44% | 3.09% | 3.29% | 2.82% | 4.79% | 5.24% |
Fund Expense Ratio :
Gross 0.86%
Net 0.66%
Fund Expense Ratio :
Gross 0.86%
Net 0.66%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 08/31/2000 |
|---|
| w/o sales charge | 5.09% | 4.85% | 3.68% | 3.73% | 5.24% | 5.40% |
| Lipper Category Avg. Core Bond Funds | 5.22% | 4.95% | 3.62% | 3.56% | 4.76% | - |
| Barclays U.S. Aggregate Bond Index | 5.31% | 6.00% | 4.06% | 3.76% | 5.13% | 5.36% |
| w/ sales charge | 2.70% | 2.50% | 2.89% | 3.26% | 5.00% | 5.25% |
Fund Expense Ratio :
Gross 0.86%
Net 0.66%
Returns with sales charges reflect a maximum sales charge of 2.25%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.
Best returns
| Durations | Fund Returns | Blended Index |
|---|
| 3-Mo | 6.62 | 6.16 |
| 1-Yr | 19.52 | 13.79 |
Worst returns
| Durations | Fund Returns | Blended Index |
|---|
| 3-Mo | -5.33 | -2.76 |
| 1-Yr | -2.82 | 1.74 |
Best & Worst returns reflect a cumulative return for the three-month and one-year periods.
| Year | Fund Returns | Barclays U.S. Aggregate Bond Index |
|---|
| 2015 | -0.54% | 0.55% |
| 2014 | 6.13% | 5.97% |
| 2013 | -2.28% | -2.02% |
| 2012 | 5.84% | 4.22% |
| 2011 | 7.60% | 7.84% |
| 2010 | 6.66% | 6.54% |
| 2009 | 12.49% | 5.93% |
| 2008 | 1.12% | 5.24% |
| 2007 | 6.15% | 6.97% |
| 2006 | 3.97% | 4.33% |
| 2005 | 2.14% | - |
| 2004 | 3.71% | - |
| 2003 | 3.82% | - |
| 2002 | 9.30% | - |
| 2001 | 9.45% | - |
| 2000 | 5.70% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2016 | 2.65% | 2.37% | - | - | 6.15% |
| 2015 | 1.36% | -1.66% | 0.62% | -0.85% | -0.54% |
| 2014 | 2.10% | 2.17% | 0.12% | 1.61% | 6.13% |
| 2013 | 0.00% | -2.72% | 0.36% | 0.10% | -2.28% |
| 2012 | 1.11% | 2.06% | 1.97% | 0.57% | 5.84% |
| 2011 | 0.58% | 2.19% | 3.56% | 1.09% | 7.60% |
| 2010 | 2.16% | 3.13% | 2.67% | -1.40% | 6.66% |
| 2009 | 2.40% | 3.95% | 5.43% | 0.24% | 12.49% |
| 2008 | 1.19% | -0.08% | -1.27% | 1.30% | 1.12% |
| 2007 | 1.36% | -0.74% | 2.79% | 2.65% | 6.15% |
| 2006 | -0.56% | -0.27% | 3.75% | 1.06% | 3.97% |
| 2005 | -0.20% | 2.87% | -0.90% | 0.39% | 2.14% |
| 2004 | 2.37% | -2.39% | 2.96% | 0.81% | 3.71% |
| 2003 | 1.18% | 2.68% | -0.26% | 0.19% | 3.82% |
| 2002 | 0.00% | 2.80% | 3.86% | 2.38% | 9.30% |
| 2001 | 3.27% | 0.53% | 5.03% | 0.37% | 9.45% |
| 2000 | - | - | - | 4.71% | 5.70% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 08/31/2016
The chart begins on the Fund's inception date of 08/31/2000.
Based on a hypothetical Class A share investment of $10,000 on 08/31/2000 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Rating | Assets |
|---|---|
| U.S. Government Related | |
| MBS | |
| ABS | |
| CMBS | |
| Sovereign | |
| Corporates | |
| Other | |
| Cash |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
| Rating | Assets |
|---|---|
| Less than 1 year | |
| 1-2.99 years | |
| 3-4.99 years | |
| 5-6.99 years | |
| 7-9.99 years | |
| Greater than 10 years |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
Credit Quality Distribution as of 08/31/2016
| Rating | Assets |
|---|---|
| U.S. Treasury | |
| Agency | |
| AAA | |
| AA | |
| A | |
| BBB | |
| <BBB |
Ratings provided by Standard & Poor's and Moody's. Where S&P and Moody's 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 are not rated. The credit quality distribution breakdown is not an S&P credit rating or an opinion of S&P as to the credit worthiness of the portfolio.
Portfolio Details as of 08/31/2016
- Total Net Assets
- $1.21 B
- Number of Issues
- 388
- Average Coupon
- 2.74%
- Average Life
- 7.7 Years
- Average Effective Duration
- 5.57 Years
To view definitions for the above Portfolio Details, Click here.
Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.
Average Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security. Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.
Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.
| Holding | Coupon | Maturity | Assets |
|---|
| U.S. Treasury Note/Bond | 1.250% | 11/15/2018 | 10.8% |
| U.S. Treasury Note/Bond | 1.125% | 08/31/2021 | 8.7% |
| FNMA Conventional Long T. 30yr | 3.000% | 02/28/2045 | 6.0% |
| U.S. Treasury Note/Bond | 2.500% | 05/15/2046 | 4.8% |
| FNMA Conventional Long T. 30yr | 4.500% | 06/30/2040 | 3.2% |
| U.S. Treasury Note/Bond | 1.375% | 05/31/2021 | 3.1% |
| FNMA Conventional Interm. 15yr | 3.000% | 05/31/2030 | 3.1% |
| U.S. Treasury Note/Bond | 1.375% | 06/30/2018 | 2.7% |
| U.S. Treasury Note/Bond | 0.875% | 09/15/2016 | 2.7% |
| U.S. Treasury Note/Bond | 1.500% | 08/15/2026 | 2.6% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
| Holding | Coupon | Maturity | Assets |
|---|
| U.S. Treasury Note/Bond | 1.250% | 11/15/2018 | 12.3% |
| U.S. Treasury Note/Bond | 1.125% | 07/31/2021 | 7.9% |
| FNMA Conventional Long T. 30yr | 3.000% | 02/28/2045 | 6.0% |
| U.S. Treasury Note/Bond | 2.500% | 02/15/2046 | 4.9% |
| FNMA Conventional Long T. 30yr | 4.500% | 06/30/2040 | 3.2% |
| U.S. Treasury Note/Bond | 1.375% | 05/31/2021 | 3.1% |
| FNMA Conventional Interm. 15yr | 3.000% | 05/31/2030 | 3.1% |
| U.S. Treasury Note/Bond | 0.875% | 09/15/2016 | 2.7% |
| U.S. Treasury Note/Bond | 1.500% | 07/31/2016 | 2.3% |
| FNMA Conventional Long T. 30yr | 4.000% | 12/31/2043 | 2.3% |
| Federal National Mortgage Assoc. | 3.500% | 01/01/2046 | 2.3% |
| U.S. Treasury Note/Bond | 1.625% | 05/15/2026 | 2.2% |
| U.S. Treasury Note/Bond | 2.625% | 11/15/2020 | 1.7% |
| U.S. Treasury Note/Bond | 1.000% | 09/30/2016 | 1.2% |
| U.S. Treasury Note/Bond | 1.250% | 03/31/2021 | 1.2% |
| FNMA Conventional Long T. 30yr | 3.500% | 05/31/2045 | 1.1% |
| U.S. Treasury Note/Bond | 0.875% | 10/15/2017 | 1.1% |
| U.S. Treasury Note/Bond | 1.375% | 06/30/2018 | 1.1% |
| Federal National Mortgage Assoc. | 3.500% | 04/01/2046 | 0.8% |
| U.S. Treasury Note/Bond | 1.750% | 04/30/2022 | 0.8% |
| Federal National Mortgage Assoc. | 3.500% | 02/01/2046 | 0.8% |
| Discover Card Execution Note Trust | 1.220% | 10/15/2019 | 0.7% |
| Chase Issuance Trust | 1.150% | 01/15/2019 | 0.7% |
| Citibank Credit Card Issuance Trust | 1.320% | 09/07/2018 | 0.6% |
| Federal National Mortgage Assoc. | 4.000% | 06/01/2043 | 0.6% |
| Federal Home Loan Mortgage Corp. | 3.500% | 03/01/2046 | 0.5% |
| Amazon.com, Inc. | 4.800% | 12/05/2034 | 0.5% |
| United Mexican States, MTN | 4.000% | 10/02/2023 | 0.5% |
| Citibank Credit Card Issuance Trust | 1.020% | 02/22/2019 | 0.5% |
| Federal National Mortgage Assoc. | 3.500% | 11/01/2045 | 0.5% |
| Government National Mortgage Association | 2.900% | 11/16/2055 | 0.5% |
| ENI SpA | 5.700% | 10/01/2040 | 0.4% |
| Federal Home Loan Mortgage Corp. | 4.000% | 12/01/2044 | 0.4% |
| Time Warner Cable, Inc. | 7.300% | 07/01/2038 | 0.4% |
| Porsche Financial Auto Securitization Trust 2014-1 | 1.140% | 12/23/2021 | 0.4% |
| Federal Home Loan Mortgage Corp. | 3.500% | 02/01/2046 | 0.4% |
| Capital One Multi-Asset Execution Trust | 0.880% | 11/15/2019 | 0.4% |
| Carlyle Global Market Strategies CLO 2013-4 Ltd | 2.200% | 10/15/2025 | 0.4% |
| CIFC Funding Ltd. | 2.141% | 05/24/2026 | 0.4% |
| EPR Properties | 5.250% | 07/15/2023 | 0.4% |
| Anheuser-Busch InBev Finance, Inc. | 4.700% | 02/01/2036 | 0.4% |
| Government National Mortgage Association | 2.900% | 02/16/2049 | 0.4% |
| UBS Group Funding Jersey Ltd. | 4.125% | 04/15/2026 | 0.4% |
| Federal National Mortgage Assoc. | 3.500% | 02/01/2046 | 0.3% |
| Engs Commercial Finance Trust | 2.310% | 10/22/2021 | 0.3% |
| Goldman Sachs Group, Inc. | 6.750% | 10/01/2037 | 0.3% |
| Drive Auto Receivables Trust 2016-B | 1.380% | 08/15/2018 | 0.3% |
| Avis Budget Rental Car Funding | 2.802% | 05/20/2018 | 0.3% |
| AT&T, Inc. | 6.500% | 09/01/2037 | 0.3% |
| Wells Fargo Bank, N.A. | 5.850% | 02/01/2037 | 0.3% |
| Porsche Innovative Lease Owner Trust | 1.030% | 11/20/2017 | 0.3% |
| BMW Vehicle Lease Trust | 1.240% | 12/20/2017 | 0.3% |
| OZLM Funding Ltd. | 3.052% | 07/22/2027 | 0.3% |
| Morgan Stanley | 4.000% | 07/23/2025 | 0.3% |
| Enterprise Products Operating LLC | 7.550% | 04/15/2038 | 0.3% |
| General Motors Co. | 6.600% | 04/01/2036 | 0.3% |
| Leaf Receivables Funding 11 LLC | 1.000% | 06/15/2017 | 0.3% |
| Avis Budget Rental Car Funding | 2.500% | 02/20/2021 | 0.3% |
| Teachers Insurance & Annuity Association of Americ | 4.900% | 09/15/2044 | 0.3% |
| Bank of America Corp. | 4.200% | 08/26/2024 | 0.3% |
| Federal National Mortgage Assoc. | 4.000% | 01/01/2042 | 0.3% |
| AT&T, Inc. | 6.300% | 01/15/2038 | 0.3% |
| Mercedes-Benz Auto Lease Trust 2016-A | 1.340% | 07/16/2018 | 0.3% |
| Citigroup, Inc. | 5.500% | 09/13/2025 | 0.3% |
| Motel 6 Trust | 4.532% | 02/05/2030 | 0.3% |
| Hempstead CLO L.P. | 2.180% | 01/15/2026 | 0.3% |
| Forest Laboratories LLC | 5.000% | 12/15/2021 | 0.3% |
| CarMax Auto Owner Trust | 0.800% | 07/16/2018 | 0.3% |
| Federal National Mortgage Assoc. | 4.000% | 11/01/2044 | 0.3% |
| Federal National Mortgage Assoc. | 3.500% | 07/01/2043 | 0.3% |
| Ford Credit Auto Owner Trust | 1.080% | 03/15/2019 | 0.3% |
| Ally Master Owner Trust | 1.540% | 09/15/2019 | 0.3% |
| Capital Auto Receivables Asset Trust | 2.350% | 07/22/2019 | 0.3% |
| Oaktree EIF I Series A1 Ltd. | 3.279% | 10/18/2027 | 0.3% |
| Ford Credit Floorplan Master Owner Trust A | 1.920% | 01/15/2019 | 0.3% |
| Ally Master Owner Trust | 1.600% | 10/15/2019 | 0.3% |
| Santander UK plc | 7.950% | 10/26/2029 | 0.3% |
| Americredit Automobile Receivables Trust | 1.270% | 07/08/2019 | 0.3% |
| Avis Budget Rental Car Funding | 1.920% | 09/20/2019 | 0.3% |
| KKR CLO 11 Ltd. | 2.200% | 04/15/2027 | 0.3% |
| Tennessee Valley Authority | 3.500% | 12/15/2042 | 0.3% |
| Cox Communications, Inc. | 8.375% | 03/01/2039 | 0.3% |
| Ruby Pipeline LLC | 6.000% | 04/01/2022 | 0.3% |
| IFM US Colonial Pipeline 2 LLC | 6.450% | 05/01/2021 | 0.3% |
| Oaktree CLO Ltd. | 2.226% | 10/20/2026 | 0.2% |
| California Republic Auto Receivables Trust 2016-1 | 1.500% | 12/17/2018 | 0.2% |
| Amgen, Inc. | 6.400% | 02/01/2039 | 0.2% |
| M&T Bank Auto Receivables Trust | 1.570% | 08/15/2018 | 0.2% |
| Macquarie Equipment Funding Trust 2014-A | 1.230% | 07/20/2021 | 0.2% |
| GE Capital International Funding Co. | 4.418% | 11/15/2035 | 0.2% |
| Federal National Mortgage Assoc. | 4.000% | 02/01/2045 | 0.2% |
| Federal National Mortgage Assoc. | 4.000% | 10/01/2040 | 0.2% |
| Capital Auto Receivables Asset Trust | 0.990% | 10/20/2017 | 0.2% |
| Marathon CLO Ltd. | 2.026% | 05/20/2023 | 0.2% |
| Time Warner, Inc. | 7.625% | 04/15/2031 | 0.2% |
| Drive Auto Receivables Trust 2016-B | 1.670% | 07/15/2019 | 0.2% |
| SunTrust Auto Receivables Trust | 0.990% | 06/15/2018 | 0.2% |
| Dominion Gas Holdings LLC | 4.600% | 12/15/2044 | 0.2% |
| Omega Healthcare Investors, Inc. | 5.875% | 03/15/2024 | 0.2% |
| Aquarion Co. | 4.000% | 08/15/2024 | 0.2% |
| TCF Auto Receivables Owner Trust | 1.490% | 12/16/2019 | 0.2% |
| Macquarie Bank Ltd. | 6.625% | 04/07/2021 | 0.2% |
| Capital One Multi-Asset Execution Trust | 0.931% | 02/15/2022 | 0.2% |
| Federal National Mortgage Assoc. | 5.500% | 01/01/2035 | 0.2% |
| Federal National Mortgage Assoc. | 5.500% | 09/01/2036 | 0.2% |
| Enbridge Energy Partners L.P. | 9.875% | 03/01/2019 | 0.2% |
| Hudsons Bay Simon JV Trust | 4.666% | 08/05/2034 | 0.2% |
| Federal National Mortgage Assoc. | 3.500% | 06/01/2043 | 0.2% |
| Georgia-Pacific LLC | 8.875% | 05/15/2031 | 0.2% |
| SunTrust Auto Receivables Trust | 3.240% | 01/16/2023 | 0.2% |
| Morgan Stanley | 4.350% | 09/08/2026 | 0.2% |
| Sheridan Square CLO Ltd. | 1.730% | 04/15/2025 | 0.2% |
| Federal National Mortgage Assoc. | 3.500% | 06/01/2043 | 0.2% |
| CNH Wholesale Master Note Trust | 1.081% | 08/15/2019 | 0.2% |
| Exelon Generation Co. LLC | 5.600% | 06/15/2042 | 0.2% |
| Montell Finance Co. BV | 8.100% | 03/15/2027 | 0.2% |
| Energy Transfer Partners L.P. | 7.500% | 07/01/2038 | 0.2% |
| Scottrade Financial Services, Inc. | 6.125% | 07/11/2021 | 0.2% |
| Kinder Morgan Energy Partners L.P. | 7.400% | 03/15/2031 | 0.2% |
| Hewlett Packard Enterprise Co. | 4.900% | 10/15/2025 | 0.2% |
| Glencore Finance Canada Ltd. | 6.000% | 11/15/2041 | 0.2% |
| Capital Auto Receivables Asset Trust | 2.790% | 10/22/2018 | 0.2% |
| First Investors Auto Owner Trust | 1.590% | 12/16/2019 | 0.2% |
| Federal National Mortgage Assoc. | 3.500% | 04/01/2043 | 0.2% |
| Bank of America Corp. | 4.250% | 10/22/2026 | 0.2% |
| JFIN Revolver CLO Ltd. | 2.196% | 04/20/2023 | 0.2% |
| Discover Bank | 3.450% | 07/27/2026 | 0.2% |
| NextGear Floorplan Master Owner Trust | 2.740% | 04/15/2021 | 0.2% |
| CarMax Auto Owner Trust 2016-1 | 1.300% | 04/15/2019 | 0.2% |
| Carlyle Global Market Strategies CLO 2014-2 Ltd | 2.096% | 05/15/2025 | 0.2% |
| Federal Home Loan Mortgage Corp. | 2.347% | 02/25/2032 | 0.2% |
| North Texas Tollway Auth | 8.910% | 02/01/2030 | 0.2% |
| Aviation Capital Group Corp. | 6.750% | 04/06/2021 | 0.2% |
| Reynolds American, Inc. | 8.125% | 05/01/2040 | 0.2% |
| Federal National Mortgage Assoc. | 4.000% | 07/01/2042 | 0.2% |
| Citigroup Commercial Mortgage Trust 2016-GC36 | 2.850% | 02/10/2049 | 0.2% |
| Hudsons Bay Simon JV Trust | 5.159% | 08/05/2034 | 0.2% |
| Neuberger Berman Group LLC | 5.875% | 03/15/2022 | 0.2% |
| Republic of Turkey | 5.750% | 03/22/2024 | 0.2% |
| Drive Auto Receivables Trust | 2.120% | 06/17/2019 | 0.2% |
| Municipal Elec Auth of Georgia | 7.055% | 04/01/2057 | 0.2% |
| Diamond 1 Finance Corp. / Diamond 2 Finance Corp. | 6.020% | 06/15/2026 | 0.2% |
| Shell International Finance BV | 6.375% | 12/15/2038 | 0.2% |
| Drive Auto Receivables Trust | 3.380% | 11/15/2021 | 0.2% |
| Carmax Auto Owner Trust 2016-3 | 1.600% | 01/18/2022 | 0.2% |
| Venture XVIII CLO Ltd. | 2.130% | 10/15/2026 | 0.2% |
| Texas-New Mexico Power Co. | 9.500% | 04/01/2019 | 0.2% |
| Sound Point CLO Ltd. | 2.067% | 01/21/2026 | 0.2% |
| Avis Budget Rental Car Funding | 2.500% | 07/20/2021 | 0.2% |
| Toyota Auto Receivables 2016-B Owner Trust | 1.020% | 10/15/2018 | 0.2% |
| Discovery Communications LLC | 6.350% | 06/01/2040 | 0.2% |
| Willis North America, Inc. | 7.000% | 09/29/2019 | 0.2% |
| World Omni Automobile Lease Securitization Trust | 1.160% | 09/15/2017 | 0.2% |
| Globo Comunicacao e Participacoes SA | 5.307% | 05/11/2022 | 0.2% |
| Republic of Colombia | 4.000% | 02/26/2024 | 0.2% |
| Leaf Receivables Funding 10 LLC | 2.030% | 08/17/2020 | 0.2% |
| Federal Home Loan Mortgage Corp. | 5.000% | 06/01/2026 | 0.2% |
| Wells Fargo Commercial Mortgage Trust 2016-C35 | 4.176% | 07/15/2048 | 0.2% |
| Ford Motor Co. | 7.450% | 07/16/2031 | 0.2% |
| Starwood Hotels & Resorts Worldwide, Inc. | 4.500% | 10/01/2034 | 0.2% |
| Citigroup Commercial Mortgage Trust | 1.288% | 05/10/2047 | 0.2% |
| Expedia, Inc. | 4.500% | 08/15/2024 | 0.1% |
| AmeriCredit Automobile Receivables Trust | 0.940% | 02/08/2019 | 0.1% |
| Nissan Master Owner Trust Receivables | 1.540% | 06/15/2021 | 0.1% |
| Santander Drive Auto Receivables Trust | 1.820% | 05/15/2019 | 0.1% |
| Emera US Finance L.P. | 3.550% | 06/15/2026 | 0.1% |
| Apache Corp. | 6.000% | 01/15/2037 | 0.1% |
| Verizon Communications, Inc. | 4.400% | 11/01/2034 | 0.1% |
| JPMorgan Chase & Co. | 4.250% | 10/01/2027 | 0.1% |
| Kinder Morgan, Inc. | 7.750% | 01/15/2032 | 0.1% |
| Lloyds Banking Group plc | 4.582% | 12/10/2025 | 0.1% |
| CarMax Auto Owner Trust | 0.970% | 04/16/2018 | 0.1% |
| Viacom, Inc. | 6.875% | 04/30/2036 | 0.1% |
| Trinity Industries, Inc. | 4.550% | 10/01/2024 | 0.1% |
| Denali International LLC / Denali Finance Corp. | 5.625% | 10/15/2020 | 0.1% |
| JPMorgan Chase & Co. | 3.875% | 09/10/2024 | 0.1% |
| Capital Auto Receivables Asset Trust | 1.390% | 09/20/2018 | 0.1% |
| Cent CLO | 1.937% | 01/30/2025 | 0.1% |
| Hyundai Auto Receivables Trust | 1.010% | 02/15/2019 | 0.1% |
| Charter Communications Operating LLC | 6.384% | 10/23/2035 | 0.1% |
| COMM 2015-LC23 Mortgage Trust | 3.646% | 10/10/2053 | 0.1% |
| Mylan, Inc. | 3.950% | 06/15/2026 | 0.1% |
| Discover Card Execution Note Trust | 1.040% | 04/15/2019 | 0.1% |
| Actavis Funding SCS | 4.550% | 03/15/2035 | 0.1% |
| 21st Century Fox America, Inc. | 6.200% | 12/15/2034 | 0.1% |
| Carnival plc | 7.875% | 06/01/2027 | 0.1% |
| AbbVie, Inc. | 4.300% | 05/14/2036 | 0.1% |
| Wells Fargo Commercial Mortgage Trust | 4.137% | 05/15/2048 | 0.1% |
| American Credit Acceptance Receivables Trust 2015- | 4.290% | 04/12/2021 | 0.1% |
| Ascentium Equipment Receivables 2016-1 Trust | 0.950% | 04/10/2017 | 0.1% |
| Oceaneering International, Inc. | 4.650% | 11/15/2024 | 0.1% |
| PLA Administradora Industrial, S. de R.L. de C.V | 5.250% | 11/10/2022 | 0.1% |
| Chrysler Capital Auto Receivables Trust 2016-A | 1.470% | 04/15/2019 | 0.1% |
| Santander Drive Auto Receivables Trust 2016-2 | 1.380% | 07/15/2019 | 0.1% |
| Appalachian Power Co. | 7.000% | 04/01/2038 | 0.1% |
| Carmax Auto Owner Trust 2016-3 | 1.390% | 05/17/2021 | 0.1% |
| NZCG Funding Ltd. | 2.284% | 04/27/2027 | 0.1% |
| Carmax Auto Owner Trust 2016-3 | 1.170% | 08/15/2019 | 0.1% |
| Qatar Government International Bond | 3.250% | 06/02/2026 | 0.1% |
| Carlyle Global Market Strategies CLO Ltd. | 1.829% | 04/18/2025 | 0.1% |
| Stone Tower CLO VI Ltd. | 0.999% | 04/17/2021 | 0.1% |
| Citigroup Commercial Mortgage Trust 2016-P4 | 4.134% | 07/10/2049 | 0.1% |
| Capital One Multi-Asset Execution Trust | 1.260% | 01/15/2020 | 0.1% |
| Avis Budget Rental Car Funding | 2.460% | 07/20/2020 | 0.1% |
| Alibaba Group Holding Ltd. | 3.600% | 11/28/2024 | 0.1% |
| Morgan Stanley | 3.125% | 07/27/2026 | 0.1% |
| Barrick International Barbados Corp. | 6.350% | 10/15/2036 | 0.1% |
| Chesapeake Funding II LLC | 1.880% | 06/15/2028 | 0.1% |
| GM Financial Automobile Leasing Trust | 1.220% | 01/22/2018 | 0.1% |
| AmeriCredit Automobile Receivables Trust 2015-3 | 1.540% | 03/09/2020 | 0.1% |
| Aetna, Inc. | 4.250% | 06/15/2036 | 0.1% |
| Valero Energy Corp. | 10.500% | 03/15/2039 | 0.1% |
| JPMorgan Chase & Co. | 3.900% | 07/15/2025 | 0.1% |
| GMF Floorplan Owner Revolving Trust | 1.970% | 05/15/2020 | 0.1% |
| Verizon Communications, Inc. | 5.050% | 03/15/2034 | 0.1% |
| Santander Drive Auto Receivables Trust 2015-5 | 1.580% | 09/16/2019 | 0.1% |
| America Movil SAB de CV | 6.375% | 03/01/2035 | 0.1% |
| Avis Budget Rental Car Funding | 3.270% | 02/20/2018 | 0.1% |
| CNH Equipment Trust | 1.890% | 04/15/2022 | 0.1% |
| Energy Transfer Partners L.P. | 6.625% | 10/15/2036 | 0.1% |
| Macquarie Bank Ltd. | 4.875% | 06/10/2025 | 0.1% |
| Dominion Resources, Inc. | 7.000% | 06/15/2038 | 0.1% |
| Citigroup, Inc. | 4.125% | 07/25/2028 | 0.1% |
| Avis Budget Rental Car Funding | 3.410% | 11/20/2017 | 0.1% |
| Republic of Lithuania | 7.375% | 02/11/2020 | 0.1% |
| Trinity Acquisition plc | 4.400% | 03/15/2026 | 0.1% |
| Gulfstream Natural Gas System LLC | 4.600% | 09/15/2025 | 0.1% |
| AmeriCredit Automobile Receivables Trust | 0.900% | 02/08/2019 | 0.1% |
| Public Service Co. of New Mexico | 7.950% | 05/15/2018 | 0.1% |
| Goldcorp, Inc. | 5.450% | 06/09/2044 | 0.1% |
| Wells Fargo Commercial Mortgage Trust 2016-NXS5 | 4.882% | 01/15/2059 | 0.1% |
| Chrysler Capital Auto Receivables Trust | 0.830% | 09/17/2018 | 0.1% |
| Capital Auto Receivables Asset Trust | 1.090% | 03/20/2018 | 0.1% |
| SLM Private Education Loan Trust | 3.731% | 05/16/2044 | 0.1% |
| Express Scripts Holding Co. | 4.800% | 07/15/2046 | 0.1% |
| Cleco Corp. | 3.743% | 05/01/2026 | 0.1% |
| GE Dealer Floorplan Master Note Trust | 1.237% | 04/22/2019 | 0.1% |
| Drive Auto Receivables Trust | 4.120% | 07/15/2022 | 0.1% |
| Kerr-McGee Corp. | 7.875% | 09/15/2031 | 0.1% |
| OneMain Financial Issuance Trust 2016-1A | 3.660% | 02/20/2029 | 0.1% |
| Republic of Chile | 3.125% | 01/21/2026 | 0.1% |
| CarMax Auto Owner Trust | 1.560% | 11/16/2020 | 0.1% |
| Avis Budget Rental Car Funding | 2.630% | 12/20/2021 | 0.1% |
| Halliburton Co. | 7.450% | 09/15/2039 | 0.1% |
| MMAF Equipment Finance LLC | 2.210% | 12/15/2032 | 0.1% |
| 21st Century Fox America, Inc. | 6.900% | 08/15/2039 | 0.1% |
| Globo Comunicacao e Participacoes SA | 4.875% | 04/11/2022 | 0.1% |
| Capital One Multi-Asset Execution Trust | 1.390% | 01/15/2021 | 0.1% |
| Capital Auto Receivables Asset Trust 2016-2 | 1.460% | 06/22/2020 | 0.1% |
| Goldentree Loan Opportunities Ltd. | 1.979% | 04/17/2022 | 0.1% |
| COMM 2015-LC23 Mortgage Trust | 4.646% | 10/10/2053 | 0.1% |
| Verizon Communications, Inc. | 6.400% | 09/15/2033 | 0.1% |
| Kerr-McGee Corp. | 7.125% | 10/15/2027 | 0.1% |
| Bank of America Corp. | 4.450% | 03/03/2026 | 0.1% |
| Honda Auto Receivables Owner Trust | 0.690% | 09/18/2017 | 0.1% |
| Walgreen Co. | 4.800% | 11/18/2044 | 0.1% |
| Citigroup Commercial Mortgage Trust 2016-P3 | 4.998% | 04/15/2049 | 0.1% |
| Tryon Park CLO Ltd. | 1.800% | 07/15/2025 | 0.1% |
| CarMax Auto Owner Trust 2014-1 | 1.320% | 07/15/2019 | 0.1% |
| GAHR Commericial Mortgage Trust | 3.382% | 12/15/2034 | 0.1% |
| QVC, Inc. | 4.375% | 03/15/2023 | 0.1% |
| WFRBS Commercial Mortgage Trust | 0.699% | 10/15/2057 | 0.1% |
| Government National Mortgage Association | 2.900% | 02/16/2053 | 0.1% |
| Tencent Holdings Ltd. | 3.375% | 05/02/2019 | 0.1% |
| Qtel International Finance Ltd. | 3.750% | 06/22/2026 | 0.1% |
| Federal National Mortgage Assoc. | 5.500% | 12/01/2034 | 0.1% |
| Santander Drive Auto Receivables Trust | 2.650% | 08/17/2020 | 0.1% |
| First Investors Auto Owner Trust 2013-2 | 3.580% | 06/15/2020 | 0.1% |
| National Oilwell Varco, Inc. | 2.600% | 12/01/2022 | 0.1% |
| Source Gas LLC | 5.900% | 04/01/2017 | 0.1% |
| Dell Equipment Finance Trust | 1.720% | 09/22/2020 | 0.1% |
| Ford Motor Co. | 6.375% | 02/01/2029 | 0.1% |
| Tengizchevroil Finance Co International Ltd | 4.000% | 08/15/2026 | 0.1% |
| CPS Auto Receivables Trust | 6.580% | 03/15/2022 | 0.1% |
| Wells Fargo & Co. | 4.100% | 06/03/2026 | 0.1% |
| Drive Auto Receivables Trust 2015-A | 3.060% | 05/17/2021 | 0.1% |
| Republic of Panama | 4.000% | 09/22/2024 | 0.1% |
| Drive Auto Receivables Trust | 2.280% | 06/17/2019 | 0.1% |
| JB y Co SA de CV | 3.750% | 05/13/2025 | 0.1% |
| Verizon Communications, Inc. | 5.850% | 09/15/2035 | 0.1% |
| AmeriCredit Automobile Receivables Trust | 1.570% | 01/08/2019 | 0.1% |
| Cayman Islands Government Bond | 5.950% | 11/24/2019 | 0.1% |
| Chase Issuance Trust | 1.590% | 02/18/2020 | 0.1% |
| DBWF Mortgage Trust | 3.421% | 06/10/2034 | 0.1% |
| SLM Private Education Loan Trust | 1.231% | 10/16/2023 | 0.1% |
| JFIN Revolver CLO Ltd. | 1.936% | 02/20/2022 | 0.1% |
| John Deere Owner Trust | 0.920% | 04/16/2018 | 0.1% |
| Walgreen Co. | 4.500% | 11/18/2034 | 0.1% |
| Sequoia Mortgage Trust | 2.069% | 09/25/2042 | 0.1% |
| BMW Vehicle Owner Trust | 1.370% | 12/25/2022 | 0.1% |
| Republic of Uruguay | 7.875% | 01/15/2033 | 0.1% |
| WFRBS Commercial Mortgage Trust | 0.307% | 10/15/2057 | 0.1% |
| GS Mortgage Securities Trust | 4.412% | 07/10/2048 | 0.1% |
| California Republic Auto Receivables Trust 2016-2 | 1.830% | 12/15/2021 | 0.1% |
| Republic of Turkey | 5.625% | 03/30/2021 | 0.1% |
| PPL Corp. | 5.200% | 07/15/2041 | 0.1% |
| Diamond 1 Finance Corp. / Diamond 2 Finance Corp. | 8.100% | 07/15/2036 | 0.1% |
| KKR Financial CLO Ltd. | 1.376% | 05/15/2021 | 0.1% |
| Bahamas Government International Bond | 6.950% | 11/20/2029 | 0.1% |
| COMM Mortgage Trust | 4.443% | 07/10/2050 | 0.1% |
| Chrysler Capital Auto Receivables Trust 2016-A | 2.880% | 02/15/2022 | 0.1% |
| Drive Auto Receivables Trust | 2.230% | 09/16/2019 | 0.1% |
| Santander Drive Auto Receivables Trust 2016-2 | 2.080% | 02/16/2021 | 0.1% |
| Express Scripts Holding Co. | 6.125% | 11/15/2041 | 0.1% |
| Westchester CLO Ltd. | 0.862% | 08/01/2022 | 0.1% |
| First Niagara Financial Group, Inc. | 7.250% | 12/15/2021 | 0.1% |
| Mexichem SAB de CV | 4.875% | 09/19/2022 | 0.1% |
| CarMax Auto Owner Trust | 1.370% | 03/16/2020 | 0.0% |
| Cent CLO Ltd. | 1.835% | 07/23/2025 | 0.0% |
| WFRBS Commercial Mortgage Trust | 1.190% | 05/15/2047 | 0.0% |
| Republic of Peru | 4.125% | 08/25/2027 | 0.0% |
| Banco de Credito e Inversiones | 4.000% | 02/11/2023 | 0.0% |
| JFIN Revolver CLO Ltd. | 1.946% | 01/20/2021 | 0.0% |
| Capital Auto Receivables Asset Trust 2016-2 | 1.630% | 01/20/2021 | 0.0% |
| WFRBS Commercial Mortgage Trust | 3.849% | 10/15/2057 | 0.0% |
| Ares IIIR/IVR CLO Ltd. | 0.899% | 04/16/2021 | 0.0% |
| Slovenia Government International Bond | 5.250% | 02/18/2024 | 0.0% |
| California Republic Auto Receivables Trust 2016-2 | 1.560% | 07/15/2020 | 0.0% |
| JPMBB Commercial Mortgage Securities Trust | 4.312% | 07/15/2048 | 0.0% |
| Kunlun Energy Co. Ltd. | 3.750% | 05/13/2025 | 0.0% |
| Kinder Morgan Energy Partners L.P. | 7.500% | 11/15/2040 | 0.0% |
| Citigroup Commercial Mortgage Trust 2016-P3 | 2.804% | 04/15/2049 | 0.0% |
| Nissan Auto Receivables Owner Trust | 0.840% | 11/15/2017 | 0.0% |
| Baidu, Inc. | 3.500% | 11/28/2022 | 0.0% |
| Gruposura Finance | 5.500% | 04/29/2026 | 0.0% |
| BMW Vehicle Owner Trust 2013-A | 1.120% | 04/27/2020 | 0.0% |
| Republic of Indonesia | 5.875% | 01/15/2024 | 0.0% |
| CarMax Auto Owner Trust | 0.820% | 06/15/2018 | 0.0% |
| Kinder Morgan, Inc. | 7.800% | 08/01/2031 | 0.0% |
| Government National Mortgage Association | 2.200% | 04/16/2047 | 0.0% |
| Halliburton Co. | 6.700% | 09/15/2038 | 0.0% |
| Citigroup, Inc. | 4.450% | 09/29/2027 | 0.0% |
| AES Gener SA | 5.000% | 07/14/2025 | 0.0% |
| Federal National Mortgage Assoc. | 5.500% | 02/01/2035 | 0.0% |
| Morgan Stanley | 7.250% | 04/01/2032 | 0.0% |
| California Republic Auto Receivables Trust | 2.700% | 09/15/2021 | 0.0% |
| Republic of Panama | 6.700% | 01/26/2036 | 0.0% |
| Honda Auto Receivables Owner Trust | 1.130% | 09/16/2019 | 0.0% |
| Affiliated Managers Group, Inc. | 4.250% | 02/15/2024 | 0.0% |
| Affiliated Managers Group, Inc. | 3.500% | 08/01/2025 | 0.0% |
| Banc of America Commercial Mortgage Trust | 4.366% | 09/15/2048 | 0.0% |
| GS Mortgage Securities Trust | 4.511% | 11/10/2047 | 0.0% |
| JPMBB Commercial Mortgage Securities Trust | 3.926% | 01/15/2048 | 0.0% |
| Csail Commercial Mortgage Trust | 4.212% | 06/15/2057 | 0.0% |
| Santander Drive Auto Receivables Trust | 2.570% | 04/15/2021 | 0.0% |
| Honda Auto Receivables 2015-1 Owner Trust | 1.050% | 10/15/2018 | 0.0% |
| Shackleton CLO Ltd. | 2.132% | 05/07/2026 | 0.0% |
| COMM Mortgage Trust | 1.279% | 08/10/2047 | 0.0% |
| U.S. Treasury Note/Bond | 3.000% | 05/15/2045 | 0.0% |
| SFAVE Commercial Mortgage Securities Trust | 4.144% | 01/05/2043 | 0.0% |
| Helmerich & Payne International Drilling Co. | 4.650% | 03/15/2025 | 0.0% |
| Federal National Mortgage Assoc. | 5.500% | 09/01/2034 | 0.0% |
| Dell Equipment Finance Trust | 1.650% | 07/22/2021 | 0.0% |
| Glencore Funding LLC | 4.625% | 04/29/2024 | 0.0% |
| Fifth Third Auto Trust | 0.960% | 03/15/2019 | 0.0% |
| Ally Auto Receivables Trust | 0.850% | 01/16/2018 | 0.0% |
| Federal National Mortgage Assoc. | 5.500% | 03/01/2035 | 0.0% |
| Diamond Resorts Owner Trust | 2.990% | 05/22/2028 | 0.0% |
| Trinidad & Tobago Government International Bond | 4.375% | 01/16/2024 | 0.0% |
| AmeriCredit Automobile Receivables Trust | 0.900% | 09/10/2018 | 0.0% |
| JPMBB Commercial Mortgage Securities Trust | 1.245% | 04/15/2047 | 0.0% |
| Federal National Mortgage Assoc. | 5.500% | 04/01/2036 | 0.0% |
| Americredit Automobile Receivables Trust | 0.720% | 04/09/2018 | 0.0% |
| Viacom, Inc. | 4.850% | 12/15/2034 | 0.0% |
| Federal National Mortgage Assoc. | 5.500% | 02/01/2035 | 0.0% |
| Hyundai Auto Receivables Trust | 0.680% | 10/16/2017 | 0.0% |
| Federal Home Loan Mortgage Corp. | 5.000% | 07/01/2024 | 0.0% |
| California Republic Auto Receivables Trust | 0.910% | 08/15/2018 | 0.0% |
| Hyundai Auto Receivables Trust | 0.730% | 06/15/2018 | 0.0% |
| Federal National Mortgage Assoc. | 5.500% | 12/01/2034 | 0.0% |
| SLM Private Education Loan Trust | 1.881% | 08/15/2025 | 0.0% |
| Capital Auto Receivables Asset Trust | 1.310% | 12/20/2017 | 0.0% |
| Carmax Auto Owner Trust | 0.640% | 01/16/2018 | 0.0% |
| Federal Home Loan Mortgage Corp. | 5.000% | 08/01/2023 | 0.0% |
| WFRBS Commercial Mortgage Trust | 0.572% | 05/15/2047 | 0.0% |
| SLM Private Education Loan Trust | 1.581% | 08/15/2023 | 0.0% |
| Ford Credit Auto Owner Trust | 0.670% | 04/15/2018 | 0.0% |
| Federal National Mortgage Assoc. | 6.500% | 01/01/2036 | 0.0% |
| BMW Vehicle Lease Trust | 0.730% | 02/21/2017 | 0.0% |
| CarFinance Capital Auto Trust | 1.460% | 12/17/2018 | 0.0% |
| Federal Home Loan Mortgage Corp. | 5.000% | 04/01/2021 | 0.0% |
| JPMBB Commercial Mortgage Securities Trust | 0.280% | 04/15/2047 | 0.0% |
| California Republic Auto Receivables Trust | 0.850% | 05/15/2018 | 0.0% |
| Honda Auto Receivables Owner Trust | 0.770% | 05/15/2017 | 0.0% |
| Federal Home Loan Mortgage Corp. | 5.000% | 11/01/2017 | 0.0% |
| US 10YR NOTE (CBT)SEP16 | 0.000% | 09/30/2016 | 0.0% |
| US 5YR NOTE (CBT) SEP16 | 0.000% | 10/05/2016 | 0.0% |
| US ULTRA BOND CBT SEP16 | 0.000% | 09/30/2016 | 0.0% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 09/29/2016
- $0.164
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 08/31/2016 | $0.02052 | $11.21 |
| Daily | Daily | 07/31/2016 | $0.02018 | $11.24 |
| Daily | Daily | 06/30/2016 | $0.01955 | $11.17 |
| Daily | Daily | 05/31/2016 | $0.01908 | $10.99 |
| Daily | Daily | 04/30/2016 | $0.02086 | $11.01 |
| Daily | Daily | 03/31/2016 | $0.02152 | $10.97 |
| Daily | Daily | 02/29/2016 | $0.02131 | $10.86 |
| Daily | Daily | 01/31/2016 | $0.02190 | $10.84 |
Upcoming Dividend Payment Dates
| Record Date | Ex-Dividend Date | Reinvest & Payable Date |
|---|---|---|
| Daily | Daily | 09/30/2016 |
| Daily | Daily | 10/31/2016 |
| Daily | Daily | 11/30/2016 |
| Daily | Daily | 12/31/2016 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 12/17/2015 | 12/18/2015 | $0.0064 | $0.0168 | $0.0232 | $10.79 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Upcoming Capital Gain Distribution
| Record Date | Ex-Dividend Date |
|---|---|
| 12/15/2016 | 12/16/2016 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 09/29/2016
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $11.48 |
| $100,000 to $249,999 | 1.75% | 1.50% | $11.42 |
| $250,000 to $499,999 | 1.25% | 1.00% | $11.36 |
| $500,000 to $999,999 | 0.00% | 1.00% | $11.22 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $11.22 |
The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.
Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.
Expense Ratioas of 08/31/2016
Expense ratio details, Click here.
The net expense ratio takes into account a contractual fee waiver agreement that currently is scheduled to remain in place through 03/31/2017. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such waivers, performance would have been lower.
Fund Review
Fund Review
Fund Review*Class A Share at net asset value (NAV). For the latest NAV, including maximum sales charges (MOP) performance information, visit us at lordabbett.com. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted.
If applicable, “Modestly” is defined as any under or outperformance within 100 basis points (bps) for equity funds and 50 basis points (bps) for fixed income funds as compared to the Fund's benchmark.
1“Press Release—Federal Reserve Issues FOMC Statement," Federal Reserve, June 15, 2016.
2“Economic Projections of Federal Reserve Board Members and Federal Reserve Bank Presidents, June 2016,” Federal Reserve, June 15, 2016.
3The Consumer Price Index (CPI) measures the price changes for each item in a predetermined basket of goods and services, and the inputs are weighted according to their importance to consumers.
4“News Release: Consumer Price Index Summary,” Bureau of Labor Statistics, June 16, 2016.
5“News Release: Employment Situation Summary,” Bureau of Labor Statistics, June 3, 2016.
6The BofA Merrill Lynch U.S. Treasury Index tracks the performance of U.S. dollar-denominated sovereign debt publicly issued by the U.S. government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities must have at least 18 months to final maturity at the time of issuance. Callable perpetual securities qualify provided they are at least one year from the first call date. Fixed-to-floating rate securities also qualify provided they are callable within the fixed rate period and are at least one year from the last call prior to the date the bond transitions from a fixed to a floating-rate security. Bills, inflation-linked debt, and strips are excluded from the index; however, original issue zero coupon bonds are included in the index and the amounts outstanding of qualifying coupon securities are not reduced by any portions that have been stripped. Securities issued or marketed primarily to retail investors do not qualify for inclusion in the index. Index constituents are capitalization-weighted based on their current amount outstanding times the market price plus accrued interest.
7The BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization‐weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro‐rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro‐rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro‐rata basis.
8The Credit Suisse Leveraged Loan Index is designed to mirror the investable universe of the U.S. dollar-denominated leveraged loan market. The CS Leveraged Loan Index, which includes reinvested dividends, has been taken from published sources.
9The 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.
10The BofA Merrill Lynch All Convertibles, All Qualities Index contains issues that have a greater than $50 million aggregate market value. The issues are U.S. dollar-denominated, sold into the U.S. market, and publicly traded in the United States.
11The Barclays U.S. Corporate Bond Index includes all publicly held issued, fixed-rate, nonconvertible investment-grade corporate debt. The index is composed of both U.S. and Brady bonds.
12The Barclays Mortgage-Backed Securities Index is an unmanaged index composed of all fixed securities mortgage pools by GNMA, FNMA, and the FHLMC, including GNMA graduated payment mortgages.
13The Barclays U.S. CMBS Investment Grade Index measures the market of conduit and fusion CMBS deals with a minimum current deal size of $300 million. The index is divided into two subcomponents: the U.S. Aggregate-eligible component, which contains bonds that are ERISA eligible under the underwriter's exemption, and the non-U.S. Aggregate-eligible component, which consists of bonds that are not ERISA eligible.
14The BofA Merrill Lynch U.S. Municipal Securities Index tracks the performance of U.S. dollar-denominated investment-grade tax-exempt debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market. Qualifying securities must have at least one year remaining term to final maturity, a fixed coupon schedule, and an investment-grade rating (based on an average of Moody’s, Standard & Poor’s, and Fitch). Minimum size requirements vary based on the initial term to final maturity at time of issuance. Securities with an initial term to final maturity greater than or equal to one year and less than five years must have a current amount outstanding of at least $10 million. Securities with an initial term to final maturity greater than or equal to five years and less than 10 years must have a current amount outstanding of at least $15 million. Securities with an initial term to final maturity of 10 years or more must have a current amount outstanding of at least $25 million. The call date on which a pre-refunded bond will be redeemed is used for purposes of determining qualification with respect to final maturity requirements. Original issue zero coupon bonds are included in the index. Taxable municipal securities and 144a securities are excluded from the index.
15The J.P. Morgan Corporate Emerging Markets Bond Index Broad Diversified (CEMBI BD) is a market capitalization-weighted index that tracks total returns of U.S. dollar-denominated debt instruments issued by corporate entities in emerging markets countries. The index limits the current face amount allocations of the bonds in the CEMBI Broad by constraining the total face amount outstanding for countries with larger debt stocks.
The indexes are presented for informational purposes only and are not presented to illustrate any specific product or security. Unless otherwise specified, indexes reflect total return, with all dividends reinvested. An index is unmanaged, does not reflect the deduction of fees or expenses, and is not available for direct investment. Past performance is not a reliable indicator or guarantee of future results.
Treasuries are debt securities issued by the U.S. government and secured by its full faith and credit. Income from Treasury securities is exempt from state and local taxes. Although U.S. government securities are guaranteed as to payments of interest and principal, their market prices are not guaranteed and will fluctuate in response to market movements.
The yield spread is the difference between yields on differing debt instruments, calculated by deducting the yield of one instrument from another. The higher the yield spread, the greater the difference between the yields offered by each instrument. The spread can be measured between debt instruments of differing maturities, credit ratings and risk.
The Fund’s portfolio is actively managed and, therefore, its holdings and the weightings of a particular issuer or particular sector as a percentage of portfolio assets may change significantly over time. Sectors may include many industries. The mention of specific portfolio holdings 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.
The credit quality of the securities in a portfolio are assigned by a nationally recognized statistical rating organization (NRSRO), such as Standard & Poor’s, Moody’s, or Fitch, as an indication of an issuer’s creditworthiness. 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 Note about Risk: The Fund is subject to the general risks associated with investing in fixed income securities, including market, credit, liquidity, and interest rate risk. The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest in Treasury Inflation Protected Securities and other inflation-indexed securities, which are subject to greater inflation rate and interest rate volatility. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.
The views and information discussed in this commentary are as of June 30, 2016, are subject to change, and may not reflect the views of the firm as a whole. The views expressed in market commentaries are at a specific point in time, are opinions only, and should not be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general. Information discussed should not be considered a recommendation to purchase or sell securities.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Lord Abbett Funds. This and other important information is contained in the fund's summary prospectus and/or prospectus. To obtain a prospectus or summary prospectus on any Lord Abbett mutual fund, contact your investment professional or Lord Abbett Distributor LLC at 888-522-2388, or visit us at www.lordabbett.com. Read the prospectus carefully before investing.
Fund Documents
Fund Documents
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Summary Prospectus
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
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Annual Report
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Semi-Annual Report
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Fact Sheet
Publish Date:11/03/2015
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