LAPLX | Core Plus Bond Fund Class A | Lord Abbett

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Core Plus Bond Fund

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Daily price w/o sales charge as of 03/23/2023

$13.02

arrowUp$0.03

YTD Returns w/o sales charge as of 03/23/2023

3.20%

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

Click here to view all legal text including risk information

Summary

Summary

What is the Core Plus Bond Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing in a wide range of fixed income securities, including U.S. investment grade and high yield corporate bonds, mortgage-backed, asset-backed, and government-related securities, with select allocations to non-U.S. (including emerging market) debt securities.

Yield

Dividend Yield 1 as of 03/23/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.45% 4.40%
w/ sales charge 4.35% 4.30%

30-Day Standardized Yield 2 as of 02/28/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.52% 4.51%

Average Yield to Worst as of 02/28/2023

5.69%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

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

Fund Basicsas of 02/28/2023

Total Net Assets
$1.07 B
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.73%
Fund Net Expense Ratio
0.68%
Number of Holdings
585
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.73%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.90% -10.23% -3.09% 0.67% - 1.58%
Lipper Category Avg. Core Plus Bond Funds 1.05% -9.85% -3.01% 0.74% - -
Bloomberg U.S. Aggregate Bond Index 0.41% -9.72% -3.77% 0.53% - 0.88%
w/ sales charge -1.34% -12.25% -3.82% 0.21% - 1.26%

Fund Expense Ratio :

Gross 0.73%

Net 0.68%

Fund Expense Ratio :

Gross 0.73%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -13.97% -13.97% -2.47% 0.19% - 1.48%
Lipper Category Avg. Core Plus Bond Funds -13.72% -13.72% -2.29% 0.19% - -
Bloomberg U.S. Aggregate Bond Index -13.01% -13.01% -2.71% 0.02% - 0.84%
w/ sales charge -15.89% -15.89% -3.20% -0.26% - 1.16%

Fund Expense Ratio :

Gross 0.73%

Net 0.68%

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 for future results.

Type Assets
Investment Grade Corporate
MBS
U.S. Government Related
ABS
High Yield Corporate
CMBS
CLO
Sovereign
Bank Loans
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
1-3 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 02/28/2023 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
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 median, but if there are only two ratings, the lower rating is used. 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

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

28 Years of Industry Experience

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

Partner & Portfolio Manager

24 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

21 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

31 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

14 Years of Industry Experience

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

21 Years of Industry Experience

Harris Trifon
Harris Trifon

Managing Director, Portfolio Manager

22 Years of Industry Experience

Supported By 68 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 03/23/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.45% 4.40%
w/ sales charge 4.35% 4.30%

30-Day Standardized Yield 2 as of 02/28/2023  

  Subsidized5 Un-Subsidized6
w/o sales charge 4.52% 4.51%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.73%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.90% -10.23% -3.09% 0.67% - 1.58%
Lipper Category Avg. Core Plus Bond Funds 1.05% -9.85% -3.01% 0.74% - -
Bloomberg U.S. Aggregate Bond Index 0.41% -9.72% -3.77% 0.53% - 0.88%
w/ sales charge -1.34% -12.25% -3.82% 0.21% - 1.26%

Fund Expense Ratio :

Gross 0.73%

Net 0.68%

Fund Expense Ratio :

Gross 0.73%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -13.97% -13.97% -2.47% 0.19% - 1.48%
Lipper Category Avg. Core Plus Bond Funds -13.72% -13.72% -2.29% 0.19% - -
Bloomberg U.S. Aggregate Bond Index -13.01% -13.01% -2.71% 0.02% - 0.84%
w/ sales charge -15.89% -15.89% -3.20% -0.26% - 1.16%

Fund Expense Ratio :

Gross 0.73%

Net 0.68%

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 for future results.

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
MBS
U.S. Government Related
ABS
High Yield Corporate
CMBS
CLO
Sovereign
Bank Loans
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
1-3 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 02/28/2023

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
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 median, but if there are only two ratings, the lower rating is used. 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.

Portfolio Positioningas of 12/31/2022

  • During the quarter we focused on shifting the Fund’s overall positioning to be higher in quality and liquidity. Specifically, we used less volatile market days to take gains in lower quality holdings and repositioned the portfolio to a higher quality profile.
  • We reduced the Fund’s exposure to CMBS over the period. Sales were focused on hospitality and office backed SASB deals. We’ve maintained a very high bar to add with a preference for high quality, liquid names. Recently, we have been adding agency-backed CMBS due to our up-in-quality preference and the sector’s relative value.
  • We reduced lower-quality ABS exposure and identified opportunities to sell positions that outperformed during the period. 
  • We increased the Fund’s exposure to investment grade corporate bonds over the period. We added to Healthcare, Utilities, and Telecommunications as we sought defensive, non-cyclical sectors of the market. The Energy sector also remains a large active weight. The energy allocation reflects our view that the industry as a whole is in a position to benefit even if prices were much lower than they are today. We feel that this, in addition to improving credit fundamentals, is not appropriately reflected in credit ratings. Additionally, we continue to focus on companies that are deleveraging with solid operating fundamentals.
  • We reduced the Fund’s exposure to high yield as we looked to move up in quality. While we took down the Fund’s weight and risk within high yield, we have maintained an allocation with an emphasis on BB’s and favored issues within the Energy and Basic Industry sector while remaining cautious of exposure to securities further down the credit stack and those within the consumer cyclical category.
  • We also reduced the Fund’s exposure to Bank Loans over the period.

Portfolio Details as of 02/28/2023

Total Net Assets
$1.07 B
Number of Issues
585
Average Coupon
3.96%
Average Life
7.83 Years
Average Maturity
7.83 Years
Average Effective Duration
5.75 Years
Average Modified Duration
6.57 Years
Average Yield to Worst
5.69%

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Modified Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates. Duration is expressed as a number of years, and generally, the larger a portfolio’s duration, the greater the interest-rate risk or reward for underlying bond prices. Where applicable, securities, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs and ADRs and futures, are excluded from these calculations.

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

Holding Coupon Maturity Assets
United States Treasury Note/Bond 4.250% 12/31/2024 8.7%
30-YR GNMA II-TBA PROD APR 5.000% 10/01/2052 4.1%
30-YR GNMA II-TBA PROD APR 6.000% 12/01/2052 3.1%
30-YR GNMA II-TBA PROD APR 5.500% 12/01/2052 2.9%
United States Treasury Bill 0.000% 04/11/2023 2.8%
United States Treasury Note/Bond 3.875% 02/15/2043 2.6%
United States Treasury Inflation Indexed Bonds 1.625% 10/15/2027 1.4%
United States Treasury Note/Bond 3.625% 02/15/2053 1.3%
30-YR UMBS-TBA PROD APR 5.500% 01/01/2053 1.3%
Japan Bank for International Cooperation 4.250% 01/26/2026 1.2%
% of Total Assets 29.4%
Holding Coupon Maturity Assets
United States Treasury Note/Bond4.250% 12/31/20249.7%
United States Treasury Note/Bond4.000% 11/15/20423.5%
United States Treasury Note/Bond3.875% 12/31/20272.6%
30-YR GNMA II-TBA PROD MAR6.000% 11/01/20522.5%
United States Treasury Note/Bond3.000% 08/15/20522.5%
30-YR UMBS-TBA PROD MAR5.500% 11/01/20522.3%
30-YR GNMA II-TBA PROD MAR5.000% 10/01/20522.1%
BARCLAYS CAPITAL0.010% 02/01/20232.1%
United States Treasury Bill0.000% 04/11/20232.0%
30-YR GNMA II-TBA PROD MAR5.500% 11/01/20521.7%
United States Treasury Note/Bond3.500% 01/31/20281.7%
30-YR UMBS-TBA PROD MAR5.000% 11/01/20521.6%
30-YR UMBS-TBA PROD MAR6.000% 11/01/20521.5%
30-YR GNMA II-TBA PROD MAR3.000% 02/01/20521.5%
Japan Bank for International Cooperation4.250% 01/26/20261.3%
30-YR UMBS-TBA PROD MAR6.500% 11/01/20521.3%
Svensk Exportkredit AB4.625% 11/28/20251.1%
30-YR GNMA II-TBA PROD MAR4.500% 10/01/20520.9%
Avolon Holdings Funding Ltd4.250% 04/15/20260.8%
30-YR UMBS-TBA PROD MAR3.000% 02/01/20520.7%
30-YR UMBS-TBA PROD MAR2.500% 12/01/20510.7%
15-YR UMBS-TBA PROD MAR5.000% 11/01/20370.7%
JPMorgan Chase & Co2.963% 01/25/20330.6%
30-YR UMBS-TBA PROD MAR3.500% 03/01/20520.6%
Amazon.com Inc4.700% 12/01/20320.6%
CVS Health Corp3.250% 08/15/20290.6%
30-YR GNMA II-TBA PROD FEB5.000% 10/01/20520.6%
Freddie Mac Pool2.500% 07/01/20510.5%
15-YR UMBS-TBA PROD MAR4.500% 10/01/20370.5%
JP Morgan Mortgage Trust 2021-42.500% 08/25/20510.5%
Macquarie Group Ltd4.654% 03/27/20290.5%
Continental Resources Inc/OK5.750% 01/15/20310.5%
United States Treasury Note/Bond2.375% 11/15/20490.5%
30-YR GNMA II-TBA PROD MAR4.000% 08/01/20520.5%
AbbVie Inc3.200% 11/21/20290.5%
Southern Co/The2.700% 08/01/20240.5%
Toyota Motor Credit Corp4.800% 01/10/20250.5%
MF1 2022-FL9 LLC5.526% 06/19/20370.5%
Discover Card Execution Note Trust3.560% 07/15/20270.5%
Export Finance & Insurance Corp4.625% 10/26/20270.5%
GE HealthCare Technologies Inc5.650% 11/15/20270.5%
T-Mobile USA Inc3.875% 04/15/20300.4%
Citigroup Inc3.980% 03/20/20300.4%
FLAGSTAR MORTGAGE TRUST 2021-42.500% 06/01/20510.4%
Crown Castle Inc3.300% 07/01/20300.4%
Centene Corp3.375% 02/15/20300.4%
Goldman Sachs Group Inc/The2.383% 07/21/20320.4%
Intercontinental Exchange Inc4.000% 09/15/20270.4%
CarMax Auto Owner Trust 2023-15.190% 01/16/20290.4%
AT&T Inc4.300% 02/15/20300.4%
Verizon Communications Inc4.250% 10/31/20300.4%
Morgan Stanley4.431% 01/23/20300.4%
United States Treasury Note/Bond2.000% 11/15/20410.4%
Bank of America Corp2.687% 04/22/20320.4%
Bank of America Corp3.593% 07/21/20280.4%
UnitedHealth Group Inc4.000% 05/15/20290.4%
Duke Energy Corp4.500% 08/15/20320.4%
Fannie Mae Pool2.500% 09/01/20510.4%
American Tower Corp3.800% 08/15/20290.4%
EQT Corp7.000% 02/01/20300.4%
Oracle Corp6.250% 11/09/20320.4%
Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd5.226% 05/15/20370.4%
Rad CLO 7 Ltd5.992% 04/17/20330.4%
Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd5.745% 01/15/20370.4%
30-YR UMBS-TBA PROD MAR2.000% 12/01/20510.4%
Oklahoma Gas and Electric Co5.400% 01/15/20330.4%
American Transmission Systems Inc2.650% 01/15/20320.4%
Diamondback Energy Inc3.500% 12/01/20290.4%
Cigna Corp2.400% 03/15/20300.3%
Comcast Corp5.500% 11/15/20320.3%
Verizon Communications Inc2.355% 03/15/20320.3%
BHMS 2018-ATLS5.709% 07/15/20350.3%
Freddie Mac STACR REMIC Trust 2022-HQA36.610% 08/25/20420.3%
Benefit Street Partners CLO XVII Ltd5.910% 07/15/20320.3%
Westlake Automobile Receivables Trust 2023-15.210% 01/18/20280.3%
30-YR GNMA II-TBA PROD FEB3.500% 05/01/20520.3%
30-YR UMBS-TBA PROD MAR4.000% 06/01/20520.3%
UBS AG5.125% 05/15/20240.3%
Philip Morris International Inc5.625% 11/17/20290.3%
Capital One Prime Auto Receivables Trust 2022-12.710% 06/16/20250.3%
International Flavors & Fragrances Inc1.230% 10/01/20250.3%
Netflix Inc5.875% 11/15/20280.3%
Citigroup Inc3.887% 01/10/20280.3%
Discover Card Execution Note Trust5.030% 10/15/20270.3%
Octagon Investment Partners XVII Ltd5.818% 01/25/20310.3%
Humana Inc5.875% 03/01/20330.3%
Ballyrock CLO 23 Ltd6.665% 04/25/20360.3%
Morgan Stanley2.239% 07/21/20320.3%
30-YR UMBS-TBA PROD MAR4.500% 08/01/20520.3%
IPALCO Enterprises Inc4.250% 05/01/20300.3%
Cargill Inc4.000% 06/22/20320.3%
FLAGSHIP CREDIT AUTO TRUST 2025.010% 08/16/20270.3%
BAT Capital Corp3.222% 08/15/20240.3%
Goldman Sachs Group Inc/The3.500% 04/01/20250.3%
Ford Credit Auto Owner Trust 2018-REV13.190% 07/15/20310.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust1.750% 10/29/20240.3%
NGPL PipeCo LLC4.875% 08/15/20270.3%
SEB Funding LLC4.969% 01/30/20520.3%
Galaxy Xxviii Clo Ltd6.130% 07/15/20310.3%
National Fuel Gas Co3.950% 09/15/20270.3%
BX Commercial Mortgage Trust 2021-XL25.148% 10/15/20380.3%
Xilinx Inc2.375% 06/01/20300.3%
Connecticut Avenue Securities Trust 2022-R086.860% 07/25/20420.3%
Bayer US Finance II LLC4.250% 12/15/20250.3%
M&T Bank Corp5.053% 01/27/20340.3%
CPPIB Capital Inc5.560% 04/04/20250.3%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.3%
Santander Consumer Auto Receivables Trust 2020-B7.030% 08/15/20280.3%
Humana Inc1.350% 02/03/20270.3%
Freddie Mac Multifamily Structured Pass Through Certificates2.580% 05/25/20320.3%
Workday Inc3.800% 04/01/20320.3%
CenterPoint Energy Resources Corp4.400% 07/01/20320.3%
Province of Ontario Canada3.100% 05/19/20270.3%
Bank of America Corp1.486% 05/19/20240.3%
Indianapolis Power & Light Co5.650% 12/01/20320.3%
GA Global Funding Trust3.850% 04/11/20250.3%
CarMax Auto Owner Trust 2023-16.270% 11/15/20290.3%
Connecticut Avenue Securities Trust 2023-R016.710% 12/25/20420.3%
US Bancorp0.000% 02/01/20340.3%
Petroleos Mexicanos6.700% 02/16/20320.3%
East Ohio Gas Co/The1.300% 06/15/20250.2%
Elevance Health Inc5.500% 10/15/20320.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Entergy Corp0.900% 09/15/20250.2%
Avant Loans Funding Trust 2022-REV16.540% 09/15/20310.2%
ServiceNow Inc1.400% 09/01/20300.2%
GM Financial Consumer Automobile Receivables Trust 2023-14.660% 02/16/20280.2%
Freddie Mac Pool5.000% 08/01/20520.2%
Bain Capital Credit CLO 2018-25.878% 07/19/20310.2%
State Street Corp4.164% 08/04/20330.2%
Capital One Multi-Asset Execution Trust2.800% 03/15/20270.2%
Elevance Health Inc2.250% 05/15/20300.2%
GSK Consumer Healthcare Capital US LLC3.625% 03/24/20320.2%
Deephaven Residential Mortgage Trust 2021-31.194% 08/25/20660.2%
Ford Motor Co3.250% 02/12/20320.2%
Centene Corp2.450% 07/15/20280.2%
Danske Bank A/S3.773% 03/28/20250.2%
BX Trust 2022-LBA64.376% 01/15/20390.2%
Freddie Mac Pool4.500% 08/01/20520.2%
Panama Government International Bond2.252% 09/29/20320.2%
Fannie Mae Pool2.500% 06/01/20510.2%
Wells Fargo & Co2.188% 04/30/20260.2%
BDS 2021-FL10 Ltd5.524% 06/16/20360.2%
Vermilion Energy Inc6.875% 05/01/20300.2%
BX Commercial Mortgage Trust 2021-ACNT5.309% 11/15/20380.2%
Wells Fargo & Co3.350% 03/02/20330.2%
Fannie Mae Pool5.000% 08/01/20520.2%
Oracle Corp2.875% 03/25/20310.2%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.2%
MTN Commercial Mortgage Trust 2022-LPFL4.772% 03/15/20390.2%
Connecticut Avenue Securities Trust 2022-R056.210% 04/25/20420.2%
Westlake Automobile Receivables Trust 2023-15.740% 08/15/20280.2%
FactSet Research Systems Inc3.450% 03/01/20320.2%
BAIN CAPITAL CREDIT CLO 2021-15.855% 04/18/20340.2%
COMM 2014-CCRE17 Mortgage Trust4.174% 05/10/20470.2%
SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.2%
Santander Drive Auto Receivables Trust 2022-64.960% 11/15/20280.2%
Octane Receivables Trust 2022-25.850% 07/20/20280.2%
30-YR GNMA II-TBA PROD FEB4.500% 10/01/20520.2%
Fannie Mae Pool2.500% 12/01/20510.2%
nVent Finance Sarl4.550% 04/15/20280.2%
Southwest Gas Corp4.050% 03/15/20320.2%
Carlyle Global Market Strategies CLO 2014-3-R Ltd5.865% 07/27/20310.2%
Freddie Mac STACR REMIC Trust 2022-HQA16.410% 03/25/20420.2%
BlueMountain CLO XXXI Ltd5.948% 04/19/20340.2%
Fannie Mae Pool2.500% 01/01/20510.2%
Exeter Automobile Receivables Trust 2022-34.860% 12/15/20260.2%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.2%
UBS Group AG5.711% 01/12/20270.2%
Ares XLII Clo Ltd6.315% 01/22/20280.2%
Corp Nacional del Cobre de Chile5.125% 02/02/20330.2%
Fannie Mae Pool4.000% 06/01/20520.2%
15-YR UMBS-TBA PROD FEB5.000% 11/01/20370.2%
Octagon Investment Partners XV Ltd5.768% 07/19/20300.2%
Arbor Realty Commercial Real Estate Notes 2019-FL2 Ltd4.690% 09/15/20340.2%
Constellation Energy Generation LLC6.250% 10/01/20390.2%
BlueMountain CLO 2013-2 Ltd5.995% 10/22/20300.2%
BHMS 2018-ATLS6.359% 07/15/20350.2%
NRG Energy Inc4.450% 06/15/20290.2%
Verus Securitization Trust 2021-51.013% 09/25/20660.2%
BX Trust 2021-ARIA6.704% 10/15/20360.2%
US Bancorp4.967% 07/22/20330.2%
American Tower Corp2.950% 01/15/20250.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc4.700% 02/01/20360.2%
Fannie Mae Pool3.500% 04/01/20520.2%
Broadcom Inc4.150% 04/15/20320.2%
New York Life Global Funding4.550% 01/28/20330.2%
EIG Pearl Holdings Sarl3.545% 08/31/20360.2%
Mexico Government International Bond4.400% 02/12/20520.2%
Carlyle Global Market Strategies CLO 2014-5 Ltd5.932% 07/15/20310.2%
State of Illinois5.100% 06/01/20330.2%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara3.000% 06/30/20300.2%
Saudi Government International Bond4.875% 07/18/20330.2%
Constellation Brands Inc3.150% 08/01/20290.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
NiSource Inc2.950% 09/01/20290.2%
Prosus NV3.257% 01/19/20270.2%
Connecticut Avenue Securities Trust 2022-R067.060% 05/25/20420.2%
Ovintiv Inc6.500% 02/01/20380.2%
Tencent Holdings Ltd3.925% 01/19/20380.2%
Santander Drive Auto Receivables Trust 2022-54.740% 10/16/20280.2%
Fannie Mae Pool2.500% 12/01/20510.2%
PTTEP Treasury Center Co Ltd2.993% 01/15/20300.2%
GS Mortgage-Backed Securities Trust 2023-PJ13.500% 02/25/20530.2%
Kraft Heinz Foods Co2.250% 05/25/20280.2%
Enel Finance International NV0.500% 06/17/20300.2%
International Business Machines Corp3.750% 02/06/20350.2%
Encina Equipment Finance 2022-1 LLC4.880% 11/15/20280.2%
Honeywell International Inc4.125% 11/02/20340.2%
Capital One Multi-Asset Execution Trust5.342% 05/15/20280.2%
Global Payments Inc4.000% 06/01/20230.2%
CVS Health Corp5.050% 03/25/20480.2%
GM Financial Automobile Leasing Trust 2022-22.930% 10/21/20240.2%
Bank of New York Mellon Corp/The4.596% 07/26/20300.2%
Dryden 36 Senior Loan Fund6.280% 04/15/20290.2%
7-Eleven Inc0.800% 02/10/20240.2%
Freddie Mac Pool5.000% 08/01/20520.2%
Ford Motor Credit Co LLC7.350% 11/04/20270.2%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.2%
Anglo American Capital PLC4.000% 09/11/20270.2%
OneMain Financial Issuance Trust 2020-21.750% 09/14/20350.2%
Freddie Mac Multifamily Structured Pass Through Certificates3.710% 09/25/20320.2%
Kommunalbanken AS5.280% 06/17/20260.2%
GS Mortgage Securities Corp Trust 2022-AGSS5.570% 08/15/20390.2%
Rad CLO 6 Ltd6.188% 01/20/20330.2%
Royal Bank of Canada6.000% 11/01/20270.2%
Lendmark Funding Trust 2022-15.120% 07/20/20320.2%
Bank of America Corp3.970% 03/05/20290.2%
TenneT Holding BV0.875% 06/16/20350.2%
Prestige Auto Receivables Trust 2021-13.470% 03/15/20290.2%
Discover Bank4.682% 08/09/20280.1%
SMRT 2022-MINI4.376% 01/15/20390.1%
UnitedHealth Group Inc5.250% 02/15/20280.1%
Charter Communications Operating LLC / Charter Communications Operating Capital2.250% 01/15/20290.1%
CVS Health Corp1.750% 08/21/20300.1%
Freddie Mac STACR REMIC Trust 2021-HQA35.160% 09/25/20410.1%
Magnetite VII Ltd5.630% 01/15/20280.1%
BNP Paribas SA4.375% 03/01/20330.1%
Daimler Truck Finance North America LLC5.200% 01/17/20250.1%
Freddie Mac Structured Agency Credit Risk Debt Notes6.960% 07/25/20420.1%
OneMain Direct Auto Receivables Trust 2019-14.190% 11/14/20280.1%
NOV Inc3.600% 12/01/20290.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
TransDigm Inc4.625% 01/15/20290.1%
Danske Bank A/S5.375% 01/12/20240.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Morgan Stanley5.050% 01/28/20270.1%
Ready Capital Mortgage Financing 2022-FL8 LLC5.960% 01/25/20370.1%
Senegal Government International Bond6.250% 05/23/20330.1%
National Fuel Gas Co5.500% 01/15/20260.1%
American Express Co4.420% 08/03/20330.1%
CPS Auto Receivables Trust 2020-B7.380% 06/15/20270.1%
Exeter Automobile Receivables Trust 2020-27.190% 09/15/20270.1%
Glencore Funding LLC4.875% 03/12/20290.1%
International Business Machines Corp1.500% 05/23/20290.1%
National Australia Bank Ltd3.933% 08/02/20340.1%
Toronto-Dominion Bank/The4.456% 06/08/20320.1%
Connecticut Avenue Securities Trust 2019-R058.606% 07/25/20390.1%
BX Trust 2021-RISE5.207% 11/15/20360.1%
BankUnited Inc5.125% 06/11/20300.1%
Elevance Health Inc5.125% 02/15/20530.1%
MF1 2022-FL8 Ltd5.660% 02/19/20370.1%
30-YR GNMA II-TBA PROD MAR3.500% 05/01/20520.1%
Crown Castle Inc2.100% 04/01/20310.1%
Verus Securitization Trust 2020-41.502% 05/25/20650.1%
F&G Global Funding5.150% 07/07/20250.1%
Fannie Mae Pool2.500% 05/01/20520.1%
Aviation Capital Group LLC5.500% 12/15/20240.1%
First American Financial Corp2.400% 08/15/20310.1%
Santander Drive Auto Receivables Trust 2023-15.090% 05/15/20300.1%
Kinder Morgan Energy Partners LP4.250% 09/01/20240.1%
Freddie Mac Pool2.500% 11/01/20500.1%
Freddie Mac Pool5.000% 07/01/20520.1%
Verus Securitization Trust 2021-81.824% 11/25/20660.1%
Oglethorpe Power Corp5.950% 11/01/20390.1%
Chord Energy Corp6.375% 06/01/20260.1%
BRAVO Residential Funding Trust 2021-NQM20.970% 03/25/20600.1%
Calpine Corp5.125% 03/15/20280.1%
Fannie Mae Pool2.500% 12/01/20510.1%
Warnermedia Holdings Inc3.428% 03/15/20240.1%
Santander Drive Auto Receivables Trust 2023-14.980% 02/15/20280.1%
Inter-American Investment Corp2.625% 04/22/20250.1%
Marlette Funding Trust 2021-31.300% 12/15/20310.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.875% 01/16/20240.1%
Fannie Mae Pool3.500% 07/01/20450.1%
VERDE CLO Ltd5.892% 04/15/20320.1%
Freddie Mac Multifamily Structured Pass Through Certificates3.530% 08/25/20320.1%
BFLD 2019-DPLO6.999% 10/15/20340.1%
OCP SA3.750% 06/23/20310.1%
Fannie Mae Pool3.000% 12/01/20480.1%
Occidental Petroleum Corp6.625% 09/01/20300.1%
Westlake Automobile Receivables Trust 2021-13.910% 09/15/20270.1%
Ford Credit Auto Lease Trust 2023-A5.540% 12/15/20260.1%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.1%
Carlyle US Clo 2017-2 Ltd5.858% 07/20/20310.1%
Barings CLO Ltd 2019-III5.878% 04/20/20310.1%
Viterra Finance BV4.900% 04/21/20270.1%
TCW CLO 2022-1 Ltd5.993% 04/22/20330.1%
Rockford Tower CLO 2018-1 Ltd5.775% 05/20/20310.1%
United Airlines Inc4.375% 04/15/20260.1%
Mercer International Inc5.125% 02/01/20290.1%
Royal Caribbean Cruises Ltd8.250% 01/15/20290.1%
Fluor Corp4.250% 09/15/20280.1%
Viterra Finance BV3.200% 04/21/20310.1%
Japan International Cooperation Agency3.250% 05/25/20270.1%
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl4.625% 06/01/20280.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Morgan Stanley4.000% 07/23/20250.1%
EPR Properties4.950% 04/15/20280.1%
HGI CRE CLO 2021-FL2 Ltd5.954% 09/17/20360.1%
OneMain Finance Corp6.625% 01/15/20280.1%
DISH Network Corp11.750% 11/15/20270.1%
Centene Corp4.250% 12/15/20270.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
Earthstone Energy Holdings LLC8.000% 04/15/20270.1%
Frontier Communications Holdings LLC5.000% 05/01/20280.1%
Amur Equipment Finance Receivables IX LLC2.300% 11/22/20270.1%
Morgan Stanley2.484% 09/16/20360.1%
US ULTRA BOND CBT Mar230.000% 03/31/20230.1%
United States Steel Corp6.875% 03/01/20290.1%
Avis Budget Car Rental LLC / Avis Budget Finance Inc4.750% 04/01/20280.1%
TK Elevator US Newco Inc5.250% 07/15/20270.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.1%
CF Industries Inc5.150% 03/15/20340.1%
Medline Borrower LP3.875% 04/01/20290.1%
Avolon Holdings Funding Ltd2.125% 02/21/20260.1%
Penn Entertainment Inc4.125% 07/01/20290.1%
Turkiye Ihracat Kredi Bankasi AS9.375% 01/31/20260.1%
Ford Credit Auto Lease Trust 2023-A5.290% 06/15/20260.1%
Diamondback Energy Inc3.125% 03/24/20310.1%
NCL Corp Ltd5.875% 02/15/20270.1%
Freddie Mac Pool3.500% 02/01/20460.1%
Cloud Software Group Holdings Inc6.500% 03/31/20290.1%
Gap Inc/The3.875% 10/01/20310.1%
Bain Capital Credit CLO 2019-25.892% 10/17/20320.1%
CARLYLE US CLO 2019-1 LTD5.888% 04/20/20310.1%
Avid Automobile Receivables Trust 2021-13.390% 04/17/20280.1%
Venture Global Calcasieu Pass LLC4.125% 08/15/20310.1%
VICI Properties LP / VICI Note Co Inc5.625% 05/01/20240.1%
CSMC 2021-BHAR6.454% 11/15/20380.1%
Fannie Mae Pool4.000% 05/01/20520.1%
Romark CLO Ltd6.465% 10/23/20300.1%
LoanCore 2022-CRE7 Issuer Ltd5.845% 01/17/20370.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2020-MKST6.954% 12/15/20360.1%
Aircastle Ltd2.850% 01/26/20280.1%
T-Mobile USA Inc3.500% 04/15/20250.1%
Macquarie Group Ltd2.691% 06/23/20320.1%
ME Funding LLC 2019-16.448% 07/30/20490.1%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
Fannie Mae Pool5.000% 07/01/20520.1%
Vistra Operations Co LLC4.375% 05/01/20290.1%
180 Medical Inc3.875% 10/15/20290.1%
Vital Energy Inc9.500% 01/15/20250.1%
GS Mortgage Securities Corp Trust 2019-70P5.779% 10/15/20360.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV4.125% 04/30/20280.1%
Aqua Finance Trust 2021-A1.540% 07/17/20460.1%
Danske Bank A/S4.375% 06/12/20280.1%
Flagship Credit Auto Trust 2019-33.840% 12/15/20260.1%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.1%
Bombardier Inc6.000% 02/15/20280.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
Fannie Mae Pool2.000% 06/01/20510.1%
PDC Energy Inc5.750% 05/15/20260.1%
Perimeter Master Note Business Trust7.060% 05/15/20240.1%
Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.1%
Carlyle Global Market Strategies CLO 2015-1 Ltd5.788% 07/20/20310.1%
Standard Industries Inc/NJ4.375% 07/15/20300.1%
Minejesa Capital BV4.625% 08/10/20300.1%
Fannie Mae Pool2.500% 09/01/20510.1%
Gulfport Energy Corp8.000% 05/17/20260.1%
Santander Consumer Auto Receivables Trust 2021-A5.790% 08/15/20280.1%
Cedar Funding V CLO Ltd5.892% 07/17/20310.1%
Advanced Micro Devices Inc4.393% 06/01/20520.1%
Fannie Mae Pool2.500% 08/01/20510.1%
BX Commercial Mortgage Trust 2021-VOLT5.154% 09/15/20360.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.1%
Fannie Mae Pool5.000% 07/01/20520.1%
Elastic NV4.125% 07/15/20290.1%
Freddie Mac STACR REMIC Trust 2021-HQA45.260% 12/25/20410.1%
British Airways 2020-1 Class A Pass Through Trust4.250% 05/15/20340.1%
Alcoa Nederland Holding BV6.125% 05/15/20280.1%
15-YR UMBS-TBA PROD MAR4.000% 08/01/20370.1%
COMM 2014-UBS4 Mortgage Trust4.711% 08/10/20470.1%
Fannie Mae Pool3.000% 01/01/20510.1%
Netflix Inc6.375% 05/15/20290.1%
Fannie Mae Pool4.000% 05/01/20520.1%
Macquarie Bank Ltd3.624% 06/03/20300.1%
Microchip Technology Inc4.333% 06/01/20230.1%
Callon Petroleum Co8.000% 08/01/20280.1%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.1%
Fannie Mae Pool2.000% 11/01/20510.1%
Nigeria Government International Bond7.143% 02/23/20300.1%
Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.1%
Gray Escrow II Inc5.375% 11/15/20310.1%
Lendmark Funding Trust 2021-24.460% 04/20/20320.1%
Metropolitan Life Global Funding I4.050% 08/25/20250.1%
Lending Funding Trust 2020-26.770% 04/21/20310.1%
Grippen Park CLO Ltd6.458% 01/20/20300.1%
Silgan Holdings Inc4.125% 02/01/20280.1%
Delta Air Lines Inc7.000% 05/01/20250.1%
Post Holdings Inc4.625% 04/15/20300.1%
Bank of America Corp2.087% 06/14/20290.1%
30-YR GNMA II-TBA PROD FEB4.000% 08/01/20520.1%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.1%
COMM 2015-DC1 Mortgage Trust4.297% 02/10/20480.1%
GS Mortgage Securities Corp Trust 2019-SMP5.959% 08/15/20320.1%
NGPL PipeCo LLC3.250% 07/15/20310.1%
Great Wolf Trust 2019-WOLF4.524% 12/15/20360.1%
Protective Life Corp8.450% 10/15/20390.1%
Westpac Banking Corp4.110% 07/24/20340.1%
DBWF 2018-GLKS Mortgage Trust5.600% 12/19/20300.1%
Bank of America Corp3.384% 04/02/20260.1%
Avolon Holdings Funding Ltd3.950% 07/01/20240.1%
Sprint Capital Corp8.750% 03/15/20320.0%
Upstart Securitization Trust 2021-21.750% 06/20/20310.0%
Tricolor Auto Securitization Trust 2021-13.230% 09/15/20260.0%
Wells Fargo Commercial Mortgage Trust 2013-LC124.291% 07/15/20460.0%
Molina Healthcare Inc3.875% 11/15/20300.0%
Perimeter Master Note Business Trust4.170% 12/15/20260.0%
Comstock Resources Inc6.750% 03/01/20290.0%
Mariner Finance Issuance Trust 2021-A5.400% 03/20/20360.0%
ONE Gas Inc1.100% 03/11/20240.0%
KIND Trust 2021-KIND6.754% 08/15/20380.0%
Marble Point CLO XVII Ltd6.108% 04/20/20330.0%
TerraForm Power Operating LLC4.750% 01/15/20300.0%
Avolon Holdings Funding Ltd5.250% 05/15/20240.0%
CIFC Funding 2014-V Ltd5.992% 10/17/20310.0%
CS Master Trust8.404% 04/15/20250.0%
Permian Resources Operating LLC7.750% 02/15/20260.0%
Assurant Inc2.650% 01/15/20320.0%
Citigroup Inc4.140% 05/24/20250.0%
TRTX 2019-FL3 Issuer Ltd5.590% 10/15/20340.0%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.0%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.0%
Lamb Weston Holdings Inc4.125% 01/31/20300.0%
Park Aerospace Holdings Ltd5.500% 02/15/20240.0%
Life Time Inc5.750% 01/15/20260.0%
Commercial Metals Co4.125% 01/15/20300.0%
American Airlines Inc11.750% 07/15/20250.0%
Civitas Resources Inc5.000% 10/15/20260.0%
Westpac Banking Corp2.894% 02/04/20300.0%
Jamestown CLO VI-R Ltd5.968% 04/25/20300.0%
Option Care Health Inc4.375% 10/31/20290.0%
Apidos CLO XXVI6.295% 07/18/20290.0%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.0%
Cellnex Finance Co SA3.875% 07/07/20410.0%
Cheniere Energy Partners LP3.250% 01/31/20320.0%
ModivCare Escrow Issuer Inc5.000% 10/01/20290.0%
Live Nation Entertainment Inc3.750% 01/15/20280.0%
SEG Holding LLC / SEG Finance Corp5.625% 10/15/20280.0%
Alcoa Nederland Holding BV4.125% 03/31/20290.0%
Credit Index Swap5.000% 12/20/20270.0%
Novelis Corp3.875% 08/15/20310.0%
Precision Drilling Corp6.875% 01/15/20290.0%
Ball Corp2.875% 08/15/20300.0%
Hillenbrand Inc3.750% 03/01/20310.0%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.0%
Hilton Domestic Operating Co Inc4.875% 01/15/20300.0%
CNX Midstream Partners LP4.750% 04/15/20300.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC7.243% 09/15/20290.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC7.943% 09/15/20290.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC8.943% 09/15/20290.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC9.943% 09/15/20290.0%
Fannie Mae Pool2.000% 11/01/20510.0%
BBCMS 2019-BWAY Mortgage Trust5.100% 11/15/20340.0%
Fannie Mae Pool3.500% 09/01/20510.0%
Mariner Finance Issuance Trust 2021-B4.680% 11/20/20360.0%
Drive Auto Receivables Trust 2019-14.090% 06/15/20260.0%
Baxalta Inc4.000% 06/23/20250.0%
Entegris Inc3.625% 05/01/20290.0%
Buckeye Partners LP8.835% 01/22/20780.0%
California Resources Corp7.125% 02/01/20260.0%
Cigna Corp4.375% 10/15/20280.0%
BBCMS 2019-BWAY Mortgage Trust4.446% 11/15/20340.0%
Amsted Industries Inc4.625% 05/15/20300.0%
Assurant Inc3.700% 02/22/20300.0%
Aviation Capital Group LLC1.950% 01/30/20260.0%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.0%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.0%
Verus Securitization Trust 2020-51.218% 05/25/20650.0%
CSMC 2020-NQM1 Trust1.208% 05/25/20650.0%
Ammc Clo 19 Ltd7.342% 10/16/20280.0%
Generate CLO 2 Ltd5.965% 01/22/20310.0%
Levi Strauss & Co3.500% 03/01/20310.0%
Mountain View CLO 2017-1 LLC6.542% 10/16/20290.0%
Acadia Healthcare Co Inc5.000% 04/15/20290.0%
CPS Auto Receivables Trust 2020-B4.750% 04/15/20260.0%
OneMain Financial Issuance Trust 2020-23.450% 09/14/20350.0%
TENET HEALTHCARE CORP6.250% 02/01/20270.0%
Twilio Inc3.875% 03/15/20310.0%
Bayer Corp/NJ6.650% 02/15/20280.0%
CF Trust 2019-BOSS7.704% 12/15/20240.0%
CS Master Trust8.632% 04/15/20230.0%
Credit Index Swap1.000% 12/20/20270.0%
Western Alliance Bancorp3.000% 06/15/20310.0%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.0%
Foothill-Eastern Transportation Corridor Agency4.094% 01/15/20490.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC6.343% 09/15/20290.0%
VMC Finance 2019-FL3 LLC5.554% 09/15/20360.0%
Occidental Petroleum Corp6.125% 01/01/20310.0%
Hecla Mining Co7.250% 02/15/20280.0%
US LONG BOND(CBT) Mar230.000% 03/31/20230.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.0%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.0%
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd7.404% 05/15/20360.0%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.0%
Sri Lanka Government International Bond5.875% 07/25/20220.0%
US 5YR NOTE (CBT) Mar230.000% 04/05/20230.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
BAMLL Commercial Mortgage Securities Trust 2019-AHT6.054% 03/15/20340.0%
GS Mortgage Securities Corp Trust 2018-RIVR5.409% 07/15/20350.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
BBCMS 2019-BWAY Mortgage Trust4.800% 11/15/20340.0%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.0%
Credit Index Swap1.000% 12/20/20270.0%
Credit Suisse Mortgage Capital Certificates1.616% 04/25/20650.0%
WFRBS Commercial Mortgage Trust 2013-C124.371% 03/15/20480.0%
COMM 2014-UBS6 Mortgage Trust4.349% 12/10/20470.0%
Natixis Commercial Mortgage Securities Trust 2018-285M3.790% 11/15/20320.0%
BBCMS 2018-TALL Mortgage Trust6.896% 03/15/20370.0%
Natixis Commercial Mortgage Securities Trust 2018-285M3.790% 11/15/20320.0%
GS Mortgage Securities Trust 2014-GC264.521% 11/10/20470.0%
Verus Securitization Trust 2020-12.417% 01/25/20600.0%
Ellington Financial Mortgage Trust 2020-21.178% 10/25/20650.0%
Flagship Credit Auto Trust 2021-10.310% 06/16/20250.0%
WFRBS Commercial Mortgage Trust 2013-C123.863% 03/15/20480.0%
M360 2019-CRE2 LLC5.740% 09/15/20340.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
SG Commercial Mortgage Securities Trust 2019-787E0.305% 02/15/20410.0%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN5.729% 11/15/20350.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN6.054% 11/15/20350.0%
COMM 2015-PC1 Mortgage Trust4.291% 07/10/20500.0%
JPMBB Commercial Mortgage Securities Trust 2015-C304.230% 07/15/20480.0%
FX EUR/USD 03/230.000% 03/13/20230.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
US 10YR NOTE (CBT)Mar230.000% 03/31/20230.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.805% 06/10/20270.0%
Government National Mortgage Association2.650% 11/16/20500.0%
EURO-BOBL FUTURE Mar230.000% 03/10/20230.0%
EURO-BUND FUTURE Mar230.000% 03/10/20230.0%
FX USD/EUR 03/230.000% 03/13/20230.0%
FX USD/EUR 03/230.000% 03/13/20230.0%
FX USD/EUR 03/230.000% 03/13/20230.0%
FX USD/CAD 04/230.000% 04/20/20230.0%
FX USD/EUR 03/230.000% 03/13/20230.0%
US 10yr Ultra Fut Mar230.000% 03/31/20230.0%
FX USD/EUR 03/230.000% 03/13/20230.0%

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

For
YTD Dividends Paidas of 03/23/2023
$0.096
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 02/28/2023 $0.04830 $12.77
Daily Daily 01/31/2023 $0.04791 $13.12

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 03/31/2023
Daily Daily 04/30/2023
Daily Daily 05/31/2023
Daily Daily 06/30/2023
Daily Daily 07/31/2023
Daily Daily 08/31/2023
Daily Daily 09/30/2023
Daily Daily 10/31/2023
Daily Daily 11/30/2023
Daily Daily 12/31/2023

Yield

Yield

Dividend Yield as of 03/23/2023  

  Subsidized Un-Subsidized
w/o sales charge 4.45% 4.40%
w/ sales charge 4.35% 4.30%

30-Day Standardized Yield as of 02/28/2023  

Subsidized Un-Subsidized
4.52% 4.51%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 03/23/2023

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $13.32
$100,000 to $249,999 1.75% 1.50% $13.25
$250,000 to $499,999 1.25% 1.00% $13.18
$500,000 to $999,999 0.00% 1.00% $13.02
$1,000,000 to $5,000,000 0.00% 1.00% $13.02

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.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 02/28/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.73% 0.68%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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

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

Barron's Fund Family Rankings are awarded annually.

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

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

+

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

                    

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.

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

5

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

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 an 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. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. 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. Past performance is no guarantee of future results.

 

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 A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, effective 12/1/2021, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month of the 18-month anniversary of the purchase. Fund shares purchased without a sales charge prior to 12/1/2021 may be assessed 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. The CDSC is not reflected in the performance with maximum sales charge.

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

 

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

 

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

 

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

 

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

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

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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