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Core Plus Bond Fund

Daily price w/o sales charge as of 07/31/2020

$15.72

arrowUp$0.02

YTD Returns w/o sales charge as of 07/31/2020

4.98%

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 07/31/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.61% 3.17%

30-Day Standardized Yield 2 as of 06/30/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.01% 2.92%

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

Fund Basicsas of 06/30/2020

Total Net Assets
$271.42 M
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.83%
Fund Net Expense Ratio
0.39%
Number of Holdings
694

Fund Expense Ratio :

Gross 0.83%

Net 0.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 4.98% 7.08% 5.09% - - 5.29%
Lipper Category Avg. Core Plus Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index - - - - - -

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

Fund Expense Ratio :

Gross 0.83%

Net 0.39%

Fund Expense Ratio :

Gross 0.83%

Net 0.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 1.94% 4.47% 4.32% - - 4.72%
Lipper Category Avg. Core Plus Bond Funds 5.15% 7.61% 4.84% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% - - -

Fund Expense Ratio :

Gross 0.83%

Net 0.39%

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
High Yield Corporate
ABS
MBS
U.S. Government Related
CMBS
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
1-2.99 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 06/30/2020 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

26 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

29 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 07/31/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.61% 3.17%

30-Day Standardized Yield 2 as of 06/30/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.01% 2.92%

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

Fund Expense Ratio :

Gross 0.83%

Net 0.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 4.98% 7.08% 5.09% - - 5.29%
Lipper Category Avg. Core Plus Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index - - - - - -

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

Fund Expense Ratio :

Gross 0.83%

Net 0.39%

Fund Expense Ratio :

Gross 0.83%

Net 0.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 1.94% 4.47% 4.32% - - 4.72%
Lipper Category Avg. Core Plus Bond Funds 5.15% 7.61% 4.84% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% - - -

Fund Expense Ratio :

Gross 0.83%

Net 0.39%

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.

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

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
High Yield Corporate
ABS
MBS
U.S. Government Related
CMBS
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
1-2.99 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 06/30/2020

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 6/30/2020

  • Over the quarter the largest change in the portfolio composition was an increase to corporate credit – both high yield and investment grade. Most notably, we added to corporate issues within consumer non-cyclical, technology, and energy sectors. We believe these sectors will continue to benefit from the gradual re-opening of the economy.
  • We decreased the allocation to U.S. Treasuries over the period. With rates rallying in the first quarter as investors flocked into Treasuries and moved out of corporate credit, we saw an opportunity to sell Treasuries in order to aim to take advantage of attractive relative value in risk-on sectors.
  • We maintained our overweight position within asset-backed securities (ABS). We favor high quality ABS that are backed by credit cards and auto loans, and we have avoided areas of the market that have been more directly exposed to the impact of the coronavirus (such as container and aircraft ABS).

Portfolio Details as of 06/30/2020

Total Net Assets
$271.42 M
Number of Issues
694
Average Coupon
3.95%
Average Life
7.23 Years
Average Maturity
7.23 Years
Average Effective Duration
5.81 Years
Average Modified Duration
6.19 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 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.

Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD JUL 4.000% 04/01/2047 8.8%
U.S. Treasury Note/Bond 0.125% 06/30/2022 3.9%
30-YR UMBS-TBA PROD JUL 3.500% 12/01/2046 3.3%
30-YR UMBS-TBA PROD JUL 3.000% 10/01/2045 2.4%
U.S. Treasury Note/Bond 0.250% 04/15/2023 1.8%
U.S. Treasury Note/Bond 3.625% 08/15/2043 1.5%
Federal National Mortgage Assoc. 3.500% 09/01/2047 1.2%
30-YR UMBS-TBA PROD JUL 2.500% 10/01/2045 1.0%
U.S. Treasury Note 0.125% 04/15/2025 1.0%
UBS AG Registered Shares 5.125% 05/15/2024 0.8%
% of Total Assets 25.7%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD JUL4.000% 04/01/20478.8%
U.S. Treasury Note/Bond0.125% 06/30/20223.9%
30-YR UMBS-TBA PROD JUL3.500% 12/01/20463.3%
30-YR UMBS-TBA PROD JUL3.000% 10/01/20452.4%
U.S. Treasury Note/Bond0.250% 04/15/20231.8%
U.S. Treasury Note/Bond3.625% 08/15/20431.5%
Federal National Mortgage Assoc.3.500% 09/01/20471.2%
30-YR UMBS-TBA PROD JUL2.500% 10/01/20451.0%
U.S. Treasury Note0.125% 04/15/20251.0%
UBS AG Registered Shares5.125% 05/15/20240.8%
Time Warner Cable LLC7.300% 07/01/20380.7%
Federal National Mortgage Assoc.3.500% 03/01/20500.7%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.6%
General Motors Co.6.600% 04/01/20360.6%
Credit Index Swap5.000% 06/20/20250.6%
AT&T, Inc.6.000% 08/15/20400.6%
VMC Finance 2019-FL3 LLC1.294% 09/15/20360.6%
AbbVie, Inc.4.250% 11/21/20490.5%
Palmer Square Loan Funding 2018-1 Ltd1.819% 04/15/20260.5%
NextGear Floorplan Master Owner Trust3.210% 02/15/20240.5%
HCA, Inc.5.500% 06/15/20470.5%
AmeriCredit Automobile Receivables Trust 2020-11.480% 01/21/20250.5%
United States Treasury Bill0.000% 07/30/20200.5%
Anheuser-Busch InBev Worldwide, Inc.4.750% 01/23/20290.5%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
Biogen Idec, Inc.2.250% 05/01/20300.5%
CVS Caremark Corp.4.780% 03/25/20380.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
JPMorgan Chase & Co.3.782% 02/01/20280.5%
BAT Capital Corp4.390% 08/15/20370.4%
GS Mortgage Securities Corp Trust 2019-70P1.185% 10/15/20360.4%
NiSource, Inc.3.490% 05/15/20270.4%
Santander Drive Auto Receivables Trust 2018-53.810% 12/16/20240.4%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.4%
Hyundai Floorplan Master Owner Trust2.680% 04/15/20240.4%
General Electric Co.5.000% 12/31/20990.4%
Wabtec Corp.4.950% 09/15/20280.4%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.4%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.4%
Upjohn Inc2.300% 06/22/20270.4%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.4%
Bank of America Corp.3.593% 07/21/20280.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Atrium Hotel Portfolio Trust 2017-ATRM1.115% 12/15/20360.4%
PSEG Power LLC8.625% 04/15/20310.4%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.4%
CPS Auto Trust4.610% 12/15/20220.4%
U.S. Treasury Note/Bond1.250% 05/15/20500.4%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.4%
First Investors Auto Owner Trust 2019-13.020% 03/17/20250.4%
Ford Motor Co.7.450% 07/16/20310.4%
Palmer Square Loan Funding 2018-5 Ltd1.985% 01/20/20270.3%
Alcon Finance Corp2.600% 05/27/20300.3%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.3%
LoanCore 2019-CRE3 Issuer Ltd1.235% 04/15/20340.3%
DTE Electric Co2.625% 03/01/20310.3%
Wells Fargo Capital X5.950% 12/01/20860.3%
NextGear Floorplan Master Owner Trust2.560% 10/17/20220.3%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
Chesapeake Funding II LLC2.940% 04/15/20310.3%
JP Morgan Chase Commercial Mortgage Securities Tru1.185% 06/15/20320.3%
CSC Holdings LLC5.500% 04/15/20270.3%
GS Mortgage Securities Corp Trust 2019-70P1.505% 10/15/20360.3%
AT&T, Inc.6.250% 03/29/20410.3%
Anheuser-Busch InBev Worldwide, Inc.3.500% 06/01/20300.3%
Netflix, Inc.6.375% 05/15/20290.3%
U.S. Treasury Note/Bond2.375% 11/15/20490.3%
AT&T, Inc.3.650% 06/01/20510.3%
National Australia Bank Ltd.3.933% 08/02/20340.3%
United Technologies Corp.2.250% 07/01/20300.3%
American Express Credit Account Master Trust3.070% 10/15/20240.3%
KVK CLO 2016-1 Ltd3.469% 01/15/20290.3%
Boston Scientific Corp.2.650% 06/01/20300.3%
Continental Resources, Inc.3.800% 06/01/20240.3%
Eli Lilly & Co.2.250% 05/15/20500.3%
Boeing Co.4.875% 05/01/20250.3%
Palmer Square Loan Funding 2020-1 Ltd1.177% 02/20/20280.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
GS Mortgage Securities Corp Trust 2019-SMP1.335% 08/15/20320.3%
Ally Financial, Inc.8.000% 11/01/20310.3%
Kayne CLO 7 Ltd2.607% 04/17/20330.3%
Drive Auto Receivables Trust 2019-14.090% 06/15/20260.3%
CSAIL 2016-C7 Commercial Mortgage Trust4.533% 11/15/20490.3%
Oglethorpe Power Corp.5.950% 11/01/20390.3%
Alibaba Group Holding Ltd.3.600% 11/28/20240.3%
Amur Equipment Finance Receivables V LLC3.740% 04/22/20240.3%
Cenovus Energy, Inc.5.400% 06/15/20470.3%
Tencent Holdings Ltd.3.595% 01/19/20280.3%
Anglo American Capital plc4.750% 04/10/20270.2%
ME Funding LLC 2019-16.448% 07/30/20490.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Western Digital Corp.4.750% 02/15/20260.2%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
CF Trust 2019-MF12.950% 08/21/20320.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.2%
Qatar Government International Bond3.250% 06/02/20260.2%
AMC Networks, Inc.4.750% 08/01/20250.2%
Emera US Finance L.P.4.750% 06/15/20460.2%
Credit Suisse Commercial Mortgage Securities Corp1.435% 01/15/20340.2%
DISH DBS Corp.7.750% 07/01/20260.2%
Kraft Heinz Foods Co.4.375% 06/01/20460.2%
Exelon Generation Co. LLC3.250% 06/01/20250.2%
CVS Caremark Corp.3.625% 04/01/20270.2%
Nigeria Government International Bond6.375% 07/12/20230.2%
Boeing Co.5.040% 05/01/20270.2%
Occidental Petroleum Corp.7.875% 09/15/20310.2%
Saudi Arabian Oil Co2.875% 04/16/20240.2%
Global Payments, Inc.3.200% 08/15/20290.2%
Live Nation Entertainment, Inc.4.875% 11/01/20240.2%
Westlake Automobile Receivables Trust 2020-12.520% 04/15/20250.2%
Capital Auto Receivables Asset Trust 2018-23.270% 06/20/20230.2%
BMW Vehicle Owner Trust 2019-A2.050% 05/25/20220.2%
Morgan Stanley3.625% 01/20/20270.2%
Westlake Automobile Receivables Trust 2018-33.320% 10/16/20230.2%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.2%
Mexichem SAB de CV4.875% 09/19/20220.2%
Federal National Mortgage Assoc.4.000% 01/01/20480.2%
AES Corp.5.125% 09/01/20270.2%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.2%
GrubHub Holdings Inc5.500% 07/01/20270.2%
UnitedHealth Group, Inc.3.500% 08/15/20390.2%
National Fuel Gas Co.5.500% 01/15/20260.2%
Petroleos Mexicanos4.500% 01/23/20260.2%
Imperial Tobacco Finance plc3.875% 07/26/20290.2%
Rite Aid Corp.6.125% 04/01/20230.2%
Capital One Prime Auto Receivables Trust 2019-22.060% 09/15/20220.2%
MEDNAX, Inc.6.250% 01/15/20270.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
Altria Group, Inc.5.950% 02/14/20490.2%
Westlake Automobile Receivables Trust 2019-13.260% 10/17/20220.2%
BAE Systems plc3.400% 04/15/20300.2%
XPO Logistics, Inc.6.250% 05/01/20250.2%
Gap, Inc.8.625% 05/15/20250.2%
American Express Credit Account Master Trust2.860% 11/15/20240.2%
Murphy Oil USA, Inc.4.750% 09/15/20290.2%
Garda World Security Corp4.625% 02/15/20270.2%
IRB Holding Corp7.000% 06/15/20250.2%
Match Group, Inc.4.125% 08/01/20300.2%
Navistar International Corp.9.500% 05/01/20250.2%
Select Medical Corp.6.250% 08/15/20260.2%
Hospitality Properties Trust4.950% 10/01/20290.2%
Universal Health Services, Inc.5.000% 06/01/20260.2%
Discover Bank4.682% 08/09/20280.2%
Adient Global Holdings Ltd.4.875% 08/15/20260.2%
Perimeter Master Note Business Trust6.020% 12/15/20220.2%
Banff Merger Sub Inc9.750% 09/01/20260.2%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.2%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.2%
Transocean Phoenix 2 Ltd.7.750% 10/15/20240.2%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.2%
Aircastle Ltd.4.250% 06/15/20260.2%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.2%
Yum! Brands, Inc.7.750% 04/01/20250.2%
Viking Cruises Ltd.13.000% 05/15/20250.2%
GS Mortgage Securities Corp Trust 2019-SMP1.685% 08/15/20320.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
Century Communities, Inc.6.750% 06/01/20270.2%
Springleaf Finance Corp.5.375% 11/15/20290.2%
Ammc Clo 19 Ltd.3.019% 10/16/20280.2%
M360 2019-CRE2 LLC2.035% 09/15/20340.2%
Great Wolf Trust 2019-WOLF1.219% 12/15/20360.2%
TEGNA, Inc.5.000% 09/15/20290.2%
Xylem, Inc.1.950% 01/30/20280.2%
Ammc Clo 19 Ltd.3.769% 10/16/20280.2%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.2%
Cargill Inc2.125% 04/23/20300.2%
Octagon Investment Partners 30 Ltd2.835% 03/17/20300.2%
United Rentals, Inc.4.000% 07/15/20300.2%
Foursight Capital Automobile Receivables Trust 2015.560% 01/16/20240.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.2%
Benchmark 2019-B12 Mortgage Trust3.555% 08/15/20520.2%
Lithia Motors, Inc.4.625% 12/15/20270.2%
CF Industries, Inc.4.950% 06/01/20430.2%
Triton Container Finance VI LLC4.190% 06/22/20430.2%
PFP 2019-6 Ltd1.894% 04/14/20370.2%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.2%
Sprint Capital Corp.6.875% 11/15/20280.2%
Valero Energy Corp.10.500% 03/15/20390.2%
Salem Fields CLO Ltd 2016-22.141% 10/25/20280.2%
Carnival Corp.11.500% 04/01/20230.2%
Parsley Energy LLC5.625% 10/15/20270.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
Wells Fargo Commercial Mortgage Trust4.411% 07/15/20460.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
Capital One Multi-Asset Execution Trust2.060% 08/15/20280.2%
Buckeye Partners L.P.6.375% 01/22/20780.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
E*TRADE Financial Corp.5.875% 12/31/20990.2%
Navient Corp.6.750% 06/25/20250.2%
Saudi Government International Bond3.625% 03/04/20280.2%
Sunac China Holdings Ltd7.875% 02/15/20220.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
COMM 2014-UBS4 Mortgage Trust4.863% 08/10/20470.2%
Drive Auto Receivables Trust4.160% 05/15/20240.2%
Textainer Marine Containers VII Ltd4.110% 07/20/20430.2%
Verus Securitization Trust 2020-12.417% 01/25/20600.2%
Fifth Third Auto Trust 2019-12.660% 05/16/20220.2%
Carmax Auto Owner Trust 2019-42.320% 07/15/20250.2%
First Investors Auto Owner Trust 2019-22.710% 12/15/20250.2%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.2%
Protective Life Corp.8.450% 10/15/20390.2%
Marble Point CLO XVII Ltd2.196% 04/20/20330.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
NRG Energy, Inc.4.450% 06/15/20290.2%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.2%
Tenet Healthcare Corp.7.000% 08/01/20250.2%
CPS Auto Receivables Trust 2019-D2.540% 08/15/20240.2%
Owens Corning4.300% 07/15/20470.2%
CPS Auto Receivables Trust 2019-D2.350% 11/15/20230.2%
Deephaven Residential Mortgage Trust 2019-32.964% 07/25/20590.2%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.2%
World Financial Network Credit Card Master Trust2.210% 07/15/20260.1%
AstraZeneca plc4.375% 08/17/20480.1%
EPR Properties4.950% 04/15/20280.1%
Egypt Government International Bond6.588% 02/21/20280.1%
Plains All American Pipeline L.P.6.125% 12/31/20990.1%
General Electric Co.1.741% 03/15/20230.1%
COMM 2015-DC1 Mortgage Trust4.454% 02/10/20480.1%
EQT Corp.6.125% 02/01/20250.1%
Vail Resorts, Inc.6.250% 05/15/20250.1%
Minerva Luxembourg SA5.875% 01/19/20280.1%
Stanley Black & Decker, Inc.4.000% 03/15/20600.1%
Viper Energy Partners LP5.375% 11/01/20270.1%
Mattel, Inc.6.750% 12/31/20250.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.1%
Jamestown CLO VI-R Ltd2.141% 04/25/20300.1%
Boyd Gaming Corp.6.000% 08/15/20260.1%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.1%
MHP Lux SA6.250% 09/19/20290.1%
Citigroup, Inc.3.980% 03/20/20300.1%
Goodman US Finance Three LLC3.700% 03/15/20280.1%
Boeing Co.5.150% 05/01/20300.1%
Ukraine Government7.750% 09/01/20230.1%
Volkswagen Group of America Finance LLC3.125% 05/12/20230.1%
Angel Oak Mortgage Trust I LLC 2019-42.993% 07/26/20490.1%
WPX Energy, Inc.5.750% 06/01/20260.1%
Exelon Generation Co. LLC5.750% 10/01/20410.1%
TRTX 2019-FL3 Issuer Ltd2.294% 09/15/20340.1%
Avolon Holdings Funding Ltd5.250% 05/15/20240.1%
Freeport-McMoRan, Inc.4.250% 03/01/20300.1%
General Electric Co.6.150% 08/07/20370.1%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.1%
Kansas City Southern3.500% 05/01/20500.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
Zhenro Properties Group Ltd8.650% 01/21/20230.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.1%
National Securities Clearing Corp1.500% 04/23/20250.1%
PetSmart, Inc.5.875% 06/01/20250.1%
Dominion Resources, Inc.3.375% 04/01/20300.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Coty, Inc.6.500% 04/15/20260.1%
JD.com, Inc.3.375% 01/14/20300.1%
CF Trust 2019-MF12.650% 08/21/20320.1%
Newell Rubbermaid, Inc.5.875% 04/01/20360.1%
Intuit, Inc.1.350% 07/15/20270.1%
Listrindo Capital BV4.950% 09/14/20260.1%
LifePoint Hospitals, Inc.4.375% 02/15/20270.1%
Global Atlantic Fin Co4.400% 10/15/20290.1%
Park Aerospace Holdings Ltd5.500% 02/15/20240.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
IHeart Communications, Inc.8.375% 05/01/20270.1%
Halcyon Loan Advisors Funding 2015-3 Ltd2.035% 10/18/20270.1%
Selective Insurance Group, Inc.5.375% 03/01/20490.1%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.1%
TransDigm, Inc.6.375% 06/15/20260.1%
GS Mortgage Securities Corp Trust 2019-70P0.506% 10/15/20360.1%
Carlisle Cos., Inc.2.750% 03/01/20300.1%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.1%
Quest Diagnostics, Inc.2.800% 06/30/20310.1%
Federal National Mortgage Assoc.3.500% 09/01/20470.1%
New Residential Mortgage Loan Trust 2019-NQM32.802% 07/25/20490.1%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.1%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.1%
Westpac Banking Corp.4.110% 07/24/20340.1%
Trimble Navigation Ltd.4.900% 06/15/20280.1%
Prestige Auto Receivables Trust 2017-13.610% 10/16/20230.1%
Centene Corp.3.375% 02/15/20300.1%
Amazon.com, Inc.2.500% 06/03/20500.1%
BBCMS 2019-BWAY Mortgage Trust1.795% 11/25/20340.1%
Michigan Fin Auth3.084% 12/01/20340.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Goldman Sachs Group, Inc.1.110% 02/23/20230.1%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Natixis Commercial Mortgage Securities Trust 2019-0.633% 10/15/20360.1%
PFP 2019-6 Ltd2.294% 04/14/20370.1%
Petroleos Mexicanos5.350% 02/12/20280.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Kookmin Bank1.750% 05/04/20250.1%
AI Candelaria Spain SLU7.500% 12/15/20280.1%
COMM Mortgage Trust3.902% 07/10/20500.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.1%
Volkswagen Group of America Finance LLC3.350% 05/13/20250.1%
Visa, Inc.1.900% 04/15/20270.1%
JP Morgan Chase Commercial Mortgage Securities Cor1.935% 09/15/20290.1%
Citigroup, Inc.2.666% 01/29/20310.1%
JP Morgan Chase Commercial Mortgage Securities Cor2.835% 09/15/20290.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
JP Morgan Chase Commercial Mortgage Securities Cor3.535% 09/15/20290.1%
World Omni Auto Receivables Trust 2017-A1.930% 09/15/20220.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.485% 06/15/20320.1%
JP Morgan Chase Commercial Mortgage Securities Cor4.535% 09/15/20290.1%
Westlake Automobile Receivables Trust 2019-32.410% 10/15/20240.1%
Drive Auto Receivables Trust 2019-42.840% 11/17/20250.1%
Walgreen Co.3.200% 04/15/20300.1%
Chesapeake Funding II LLC1.990% 05/15/20290.1%
SOUND POINT CLO XVII2.735% 10/20/20300.1%
Qatar Government International Bond5.103% 04/23/20480.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Pulte Group, Inc.5.000% 01/15/20270.1%
JP Morgan Chase Commercial Mortgage Securities Cor5.535% 09/15/20290.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
MPT Operating Partnership L.P.5.000% 10/15/20270.1%
Western Gas Partners L.P.4.050% 02/01/20300.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Citgo Holding, Inc.9.250% 08/01/20240.1%
Ameriprise Financial, Inc.3.000% 04/02/20250.1%
Baxter International, Inc.3.750% 10/01/20250.1%
Bayer Corp6.650% 02/15/20280.1%
Consolidated Communications, Inc.6.500% 10/01/20220.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
Apache Corp.3.250% 04/15/20220.1%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
BSPRT 2018-FL4 Issuer Ltd1.235% 09/15/20350.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
Tronox Inc6.500% 04/15/20260.1%
Citgo Petroleum Corp.7.000% 06/15/20250.1%
Jackson Mill CLO Ltd.2.049% 04/15/20270.1%
Starfruit Finco BV / Starfruit US Holdco LLC8.000% 10/01/20260.1%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.1%
FAGE International SA/ FAGE USA Dairy Industry Inc5.625% 08/15/20260.1%
FMG Finance Pty Ltd.4.500% 09/15/20270.1%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.1%
Radiology Partners Inc9.250% 02/01/20280.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Polaris Intermediate Corp8.500% 12/01/20220.1%
CIT Group, Inc.6.125% 03/09/20280.1%
Zayo Group Holdings, Inc.4.000% 03/01/20270.1%
Westlake Automobile Receivables Trust 2019-13.450% 03/15/20240.1%
San Antonio, TX3.527% 07/01/20400.1%
Netflix, Inc.4.875% 06/15/20300.1%
Northwoods Capital 20 Ltd6.151% 01/25/20300.1%
PetSmart, Inc.8.875% 06/01/20250.1%
Credit Acceptance Auto Loan Trust 2017-33.480% 10/15/20260.1%
Leidos, Inc.7.125% 07/01/20320.1%
COMM Mortgage Trust4.577% 07/10/20500.1%
Avery Point VII CLO Ltd3.669% 01/15/20280.1%
Jamestown CLO IX Ltd3.785% 10/20/20280.1%
Oaktree CLO 2014-11.724% 05/13/20290.1%
Southwestern Energy Co.7.750% 10/01/20270.1%
Greywolf CLO IV Ltd3.085% 04/17/20300.1%
Sound Point Clo XII Ltd2.935% 10/20/20280.1%
Mountain View CLO 2017-1 LLC2.926% 10/16/20290.1%
Murphy Oil Corp.5.875% 12/01/20270.1%
Avery Point VII CLO Ltd2.969% 01/15/20280.1%
KKR Clo 17 Ltd2.869% 04/15/20290.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
Scientific Games International, Inc.8.250% 03/15/20260.1%
KKR CLO 18 Ltd2.835% 07/18/20300.1%
CrownRock L.P./CrownRock Finance, Inc.5.625% 10/15/20250.1%
M360 2019-CRE2 LLC2.435% 09/15/20340.1%
Quicken Loans LLC5.750% 05/01/20250.1%
ALM VII Ltd4.769% 07/15/20290.1%
Trillium Credit Card Trust II0.530% 09/26/20230.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
Macquarie Group Ltd.4.654% 03/27/20290.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Banco do Brasil SA4.625% 01/15/20250.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
ENI SpA5.700% 10/01/20400.1%
World Omni Automobile Lease Securitization Trust 22.890% 11/15/20210.1%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.1%
Dominion Gas Holdings LLC4.600% 12/15/20440.1%
Advocate Health & Hospitals Corp3.387% 10/15/20490.1%
ITC Holdings Corp.3.350% 11/15/20270.1%
Perusahaan Listrik Negara PT5.250% 10/24/20420.1%
Tenet Healthcare Corp.6.250% 02/01/20270.1%
Danske Bank A/S5.375% 01/12/20240.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Cigna Corp1.493% 09/17/20210.1%
Chinalco Capital Holdings Ltd4.000% 08/25/20210.1%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.1%
Gray Television, Inc.7.000% 05/15/20270.1%
Pertamina Persero PT4.700% 07/30/20490.1%
AT&T, Inc.4.300% 02/15/20300.1%
COMM 2017-COR2 Mortgage Trust3.803% 09/10/20500.1%
Longfor Properties Co. Ltd.4.500% 01/16/20280.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Griffon Corp.5.750% 03/01/20280.1%
Grupo de Inversiones Suramericana SA5.500% 04/29/20260.1%
Sinclair Broadcast Group, Inc.5.125% 02/15/20270.1%
Kernel Holding SA8.750% 01/31/20220.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
Prosus NV3.680% 01/21/20300.1%
Kaisa Group Holdings Ltd.11.950% 10/22/20220.1%
Perusahaan Listrik Negara PT4.125% 05/15/20270.1%
SURA Asset Management SA4.375% 04/11/20270.1%
TCF Auto Receivables Owner Trust 2016-PT11.930% 06/15/20220.1%
Ford Credit Auto Owner Trust 2019-REV13.520% 07/15/20300.1%
MHP Lux SA6.950% 04/03/20260.1%
California7.625% 03/01/20400.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.1%
CF Trust 2019-BOSS3.435% 12/15/20210.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.1%
New Jersey Edl Facs Auth3.636% 09/01/20290.1%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
COMM 2019-GC44 Mortgage Trust3.513% 08/15/20570.1%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.1%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.1%
Egypt Government International Bond4.550% 11/20/20230.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
Elm CLO 2014-1 Ltd2.885% 01/17/20290.1%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.1%
Eskom Holdings SOC Ltd.5.750% 01/26/20210.1%
Carvana Auto Receivables Trust 2019-32.420% 04/15/20220.1%
Cemex, S.A.B. de C.V.5.450% 11/19/20290.1%
Yuzhou Properties Co. Ltd.6.000% 10/25/20230.1%
Prestige Auto Receivables Trust 2019-13.900% 05/15/20260.1%
Dominion Resources, Inc.7.000% 06/15/20380.1%
Drive Auto Receivables Trust 2019-42.320% 06/15/20220.1%
CSN Resources SA7.625% 02/13/20230.1%
ViaSat, Inc.5.625% 04/15/20270.1%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.1%
BBCMS 2019-BWAY Mortgage Trust1.141% 11/25/20340.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Wells Fargo Commercial Mortgage Trust 2017-HSDB1.035% 12/13/20310.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
BorgWarner, Inc.2.650% 07/01/20270.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.1%
Constellation Brands, Inc.2.875% 05/01/20300.1%
Republic of Turkey4.250% 04/14/20260.1%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.1%
AmeriCredit Automobile Receivables Trust 2019-32.170% 01/18/20230.1%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.1%
Republic of Turkey5.250% 03/13/20300.1%
Wells Fargo Commercial Mortgage Trust 2014-LC163.817% 08/15/20500.1%
Healthcare Realty Trust, Inc.2.400% 03/15/20300.1%
Tenneco, Inc.5.375% 12/15/20240.1%
PayPal Holdings, Inc.3.250% 06/01/20500.1%
Hecla Mining Co.7.250% 02/15/20280.1%
CoStar Group, Inc.2.800% 07/15/20300.1%
MEG Energy Corp.7.125% 02/01/20270.1%
BB-UBS Trust3.430% 11/05/20360.1%
LMREC 2019-CRE3 Inc1.585% 12/22/20350.1%
BAMLL Trust4.420% 07/11/20330.1%
Match Group, Inc.5.625% 02/15/20290.1%
Republic of Peru2.392% 01/23/20260.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Assurant, Inc.3.700% 02/22/20300.1%
Brink's Co/The4.625% 10/15/20270.1%
Roper Industries, Inc.3.650% 09/15/20230.1%
Snap-on, Inc.3.100% 05/01/20500.1%
IDEX Corp.3.000% 05/01/20300.1%
MEG Energy Corp.7.000% 03/31/20240.1%
BX Commercial Mortgage Trust 2019-XL1.635% 10/15/20360.1%
Las Vegas Sands Corp.3.900% 08/08/20290.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.1%
Yak Access LLC12.319% 07/10/20260.1%
GS Mortgage Securities Trust3.557% 04/10/20310.1%
Statoil ASA1.750% 01/22/20260.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
Micron Technology, Inc.2.497% 04/24/20230.1%
LifePoint Hospitals, Inc.6.750% 04/15/20250.1%
OneMain Financial Issuance Trust 2019-13.480% 02/14/20310.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
BX Commercial Mortgage Trust 2019-XL1.435% 10/15/20360.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
Tenet Healthcare Corp.6.750% 06/15/20230.1%
Aquarion Co.4.000% 08/15/20240.1%
National Oilwell Varco, Inc.3.950% 12/01/20420.1%
Fontainebleau Miami Beach Trust 2019-FBLU3.144% 12/10/20360.0%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.0%
WPX Energy, Inc.5.250% 09/15/20240.0%
Dell International LLC / EMC Corp6.020% 06/15/20260.0%
Diamondback Energy, Inc.4.750% 05/31/20250.0%
Apache Corp.4.375% 10/15/20280.0%
Airxcel, Inc.4.743% 04/28/20250.0%
World Omni Automobile Lease Securitization Trust 22.830% 07/15/20210.0%
Toll Brothers Finance Corp.4.350% 02/15/20280.0%
Cent CLO Ltd.2.171% 10/29/20250.0%
California7.300% 10/01/20390.0%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.625% 01/15/20270.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.0%
Adventist Health System/West2.952% 03/01/20290.0%
California Hlth Facs Fing Auth3.034% 06/01/20340.0%
Community Health Systems, Inc.8.125% 06/30/20240.0%
Mattel, Inc.5.450% 11/01/20410.0%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.0%
GreatAmerica Leasing Receivables Funding LLC Serie3.210% 02/18/20250.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Amsted Industries, Inc.4.625% 05/15/20300.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
Warrior Met Coal Inc8.000% 11/01/20240.0%
Netflix, Inc.3.625% 06/15/20250.0%
GS Mortgage Securities Corp Trust 2019-SMP0.587% 08/15/20320.0%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.0%
SURA Asset Management SA4.875% 04/17/20240.0%
Zayo Group Holdings, Inc.6.125% 03/01/20280.0%
Ford Credit Auto Owner Trust 2018-REV23.470% 01/15/20300.0%
Pepperdine University3.301% 12/01/20590.0%
First National Master Note Trust 2018-10.645% 10/15/20240.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.0%
Owens Corning7.000% 12/01/20360.0%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.0%
TAL Advantage VI LLC4.500% 04/20/20420.0%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.0%
Chesapeake Funding II LLC1.910% 08/15/20290.0%
CPS Auto Receivables Trust 2017-C3.790% 06/15/20230.0%
PFS Financing Corp.2.890% 02/15/20230.0%
J.P. Morgan Chase Commercial Mortgage Securities T3.392% 06/05/20320.0%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.0%
West Town Mall Trust 2017-KNOX3.823% 07/05/20300.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.742% 09/05/20320.0%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.0%
NextGear Floorplan Master Owner Trust4.010% 10/15/20230.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
BDS 2019-FL3 LTD1.594% 12/15/20350.0%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
Fontainebleau Miami Beach Trust 2019-FBLU3.447% 12/10/20360.0%
Carrier Global Corp3.577% 04/05/20500.0%
Exantas Capital Corp 2019-RSO7 Ltd1.694% 04/15/20360.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
ACC Trust 2019-14.470% 10/20/20220.0%
GS Mortgage Securities Corp Trust 2018-RIVR1.135% 07/15/20350.0%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.0%
Atrium Hotel Portfolio Trust 2018-ATRM1.135% 06/15/20350.0%
GM Financial Automobile Leasing Trust 2019-22.670% 06/21/20210.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
BX Commercial Mortgage Trust 2019-XL1.985% 10/15/20360.0%
Popular, Inc.6.125% 09/14/20230.0%
BAMLL Commercial Mortgage Securities Trust 2019-AH1.785% 03/15/20340.0%
A10 Bridge Asset Financing LLC3.300% 05/15/20360.0%
Exantas Capital Corp 2019-RSO7 Ltd1.194% 04/15/20360.0%
Eni USA Inc7.300% 11/15/20270.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
BBCMS 2019-BWAY Mortgage Trust1.495% 11/25/20340.0%
BHP Trust 2019-BXHP2.752% 08/15/20360.0%
Intertape Polymer Group Inc7.000% 10/15/20260.0%
SLM Student Loan Trust 2007-31.051% 01/25/20220.0%
Ford Credit Floorplan Master Owner Trust A3.060% 04/15/20260.0%
Santander UK plc7.950% 10/26/20290.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
Sinclair Broadcast Group, Inc.5.875% 03/15/20260.0%
NRG Energy, Inc.5.750% 01/15/20280.0%
Ashland, Inc.6.875% 05/15/20430.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
BX Commercial Mortgage Trust 2018-BIOA0.856% 03/15/20370.0%
RETL 2019-RVP2.285% 03/15/20360.0%
Drive Auto Receivables Trust 2017-13.840% 03/15/20230.0%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.0%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
COMM Mortgage Trust4.290% 07/10/20500.0%
BBCMS 2018-TALL Mortgage Trust2.622% 03/15/20370.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.0%
BX Trust 2018-GW0.985% 05/15/20350.0%
COMM Mortgage Trust4.577% 07/10/20500.0%
Natixis Commercial Mortgage Securities Trust 2018-3.917% 11/15/20320.0%
COMM Mortgage Trust4.349% 12/10/20470.0%
AutoNation, Inc.4.750% 06/01/20300.0%
Natixis Commercial Mortgage Securities Trust 2018-3.917% 11/15/20320.0%
Hilton Orlando Trust 2018-ORL1.885% 12/15/20340.0%
WFRBS Commercial Mortgage Trust5.047% 08/15/20450.0%
WFRBS Commercial Mortgage Trust4.465% 03/15/20480.0%
WPX Energy, Inc.8.250% 08/01/20230.0%
AREIT 2018-CRE2 Trust1.174% 11/14/20350.0%
Toll Brothers Finance Corp.4.875% 03/15/20270.0%
Universal Health Services, Inc.4.750% 08/01/20220.0%
GM Financial Automobile Leasing Trust 2019-22.670% 03/21/20220.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.0%
Citigroup, Inc.4.450% 09/29/20270.0%
Hilton Orlando Trust 2018-ORL0.955% 12/15/20340.0%
GS Mortgage Securities Trust4.662% 11/10/20470.0%
SCF Equipment Leasing 2019-1 LLC3.040% 03/20/20230.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
HealthSouth Corp.4.500% 02/01/20280.0%
Wells Fargo Commercial Mortgage Trust4.240% 05/15/20480.0%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.0%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.0%
Summit Materials LLC5.125% 06/01/20250.0%
Charter Communications Operating LLC6.484% 10/23/20450.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.350% 06/15/20350.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
SG Commercial Mortgage Securities Trust 2019-787E0.456% 02/15/20410.0%
PHEAA Student Loan Trust I1.261% 04/25/20380.0%
Leidos, Inc.5.500% 07/01/20330.0%
JP Morgan Chase Commercial Mortgage Securities Cor4.767% 07/05/20310.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
ACC Trust 2018-14.820% 05/20/20210.0%
Fifth Third Auto Trust 2019-12.690% 11/16/20260.0%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.785% 06/15/20320.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Hardee's Funding LLC4.959% 06/20/20480.0%
Motel 6 Trust 2017-MTL63.435% 08/15/20340.0%
WFRBS Commercial Mortgage Trust3.863% 03/15/20480.0%
South Carolina Electric & Gas Co.6.050% 01/15/20380.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.424% 07/05/20330.0%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.0%
Norbord, Inc.6.250% 04/15/20230.0%
Orec 2018-CRE1 Ltd1.365% 06/15/20360.0%
Neuberger Berman Group LLC4.500% 03/15/20270.0%
Bank of America Corp.3.824% 01/20/20280.0%
E*TRADE Financial Corp.4.500% 06/20/20280.0%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.0%
BAT Capital Corp3.557% 08/15/20270.0%
Macquarie Bank Ltd.6.625% 04/07/20210.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.0%
SLIDE 2018-FUN2.035% 06/15/20310.0%
Government National Mortgage Association2.650% 11/16/20500.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.931% 06/10/20270.0%
Exelon Generation Co. LLC6.250% 10/01/20390.0%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.0%
Brightsphere Investment Group Inc4.800% 07/27/20260.0%
Quality Distribution, Inc.9.500% 08/18/20230.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.0%
BCD Acquisition, Inc.9.625% 09/15/20230.0%
JPMBB Commercial Mortgage Securities Trust4.411% 07/15/20480.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.124% 07/05/20330.0%
Orange Lake Timeshare Trust 2015-A2.880% 09/08/20270.0%
COMM Mortgage Trust4.577% 07/10/20500.0%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.020% 11/15/20350.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.350% 11/15/20350.0%
South Carolina Electric & Gas Co.6.625% 02/01/20320.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.0%
PPL Corp.5.200% 07/15/20410.0%
Bank of America Corp.4.000% 01/22/20250.0%
Kinross Gold Corp.5.950% 03/15/20240.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.829% 10/15/20450.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
General Electric Co.2.121% 05/05/20260.0%
First Investors Auto Owner Trust2.410% 12/15/20220.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.0%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The1.035% 01/15/20330.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Tapstone Energy Holdings III, LLC0.000% 06/01/20220.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp0.000% -0.0%
US 10YR ULTRA FUT SEP200.000% 09/30/20200.0%
US 2YR NOTE (CBT) SEP200.000% 10/05/20200.0%
US 5YR NOTE (CBT) SEP200.000% 10/05/20200.0%
US LONG BOND(CBT) SEP200.000% 09/30/20200.0%
US ULTRA BOND CBT SEP200.000% 09/30/20200.0%
EURO-SCHATZ FUT SEP200.000% 09/10/20200.0%
Americredit Automobile Receivables Trust 2018-30.444% 01/18/20220.0%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
CAN 5YR FUT SEPT200.000% 09/30/20200.0%
FX USD/CAD 09/200.000% 09/15/20200.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
Credit Index Swap1.000% 06/20/20250.0%

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 07/31/2020
$0.319
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 07/31/2020 $0.04725 $15.72
Daily Daily 06/30/2020 $0.04760 $15.31
Daily Daily 05/31/2020 $0.04748 $15.16
Daily Daily 04/30/2020 $0.04940 $14.93
Daily Daily 03/31/2020 $0.04692 $14.63
Daily Daily 02/29/2020 $0.04074 $15.64
Daily Daily 01/31/2020 $0.03980 $15.54

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

Yield

Yield

Dividend Yield as of 07/31/2020  

  Subsidized Un-Subsidized
w/o sales charge 3.61% 3.17%

30-Day Standardized Yield as of 06/30/2020  

Subsidized Un-Subsidized
3.01% 2.92%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 06/30/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
0.83% 0.39%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015

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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.

 

 

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.

 

 

Class F3 - The inception date for Class F3 shares is April 4, 2017. The performance quotations for Class F3 are based on the following methods of calculation: (a) for periods prior to April 4, 2017,  performance is based on the historical performance of the Fund’s Class R6 shares, which have an equivalent expense ratio to the Fund’s F3 shares; and (b) for periods after April 4, 2017, actual Class F3 performance is used, which reflects all charges and fees applicable to Class F3 shares.

Class F3 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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

 

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

 

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

 

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

 

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

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

 

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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