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Core Plus Bond Fund

Daily price w/o sales charge as of 05/29/2020

$15.16

arrowUp$0.04

YTD Returns w/o sales charge as of 05/29/2020

0.61%

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 05/29/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.91% 3.47%

30-Day Standardized Yield 2 as of 04/30/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.57% 3.47%

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

Fund Basicsas of 04/30/2020

Total Net Assets
$252.81 M
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.83%
Fund Net Expense Ratio
0.39%
Number of Holdings
675

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 -1.21% 4.06% 3.46% - - 4.15%
Lipper Category Avg. Core Plus Bond Funds 2.18% 7.57% 4.10% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 4.98% 10.84% 5.17% - - -

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 -3.51% 2.15% 2.95% - - 3.66%
Lipper Category Avg. Core Plus Bond Funds -0.71% 4.81% 3.43% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 3.15% 8.93% 4.82% - - -

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
ABS
MBS
High Yield Corporate
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 04/30/2020 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 05/29/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.91% 3.47%

30-Day Standardized Yield 2 as of 04/30/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.57% 3.47%

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

Fund Expense Ratio :

Gross 0.83%

Net 0.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.21% 4.06% 3.46% - - 4.15%
Lipper Category Avg. Core Plus Bond Funds 2.18% 7.57% 4.10% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 4.98% 10.84% 5.17% - - -

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 -3.51% 2.15% 2.95% - - 3.66%
Lipper Category Avg. Core Plus Bond Funds -0.71% 4.81% 3.43% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 3.15% 8.93% 4.82% - - -

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
ABS
MBS
High Yield Corporate
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 04/30/2020

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 3/31/2020

  • Over the quarter we decreased the portfolio’s overweight to agency mortgage-backed securities (MBS). The asset class outperformed corporate credit  and other securitized products, as it benefited from the Fed’s announcement that they would buy a minimum of $200B of agency MBS to help stimulate the economy.
  • We reallocated proceeds from the sales of agency MBS and invested in corporate credit. With the continued weakness throughout the quarter in both investment grade and high yield corporate credit, and relative underperformance compared to securitized products, we found the valuations of certain issues to be fairly attractive. Notably, we added to short-term corporate debt, which is a part of the market where we saw a severe dislocation as many investors aggressively sold short-term bonds in order to raise cash.
  • 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 04/30/2020

Total Net Assets
$252.81 M
Number of Issues
675
Average Coupon
3.79%
Average Life
7.02 Years
Average Maturity
7.02 Years
Average Effective Duration
4.77 Years
Average Modified Duration
5.25 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 MAY 4.000% 11/01/2046 5.6%
30-YR UMBS-TBA PROD MAY 3.000% 08/01/2045 5.3%
United States Treasury Bill 0.000% 05/07/2020 4.9%
U.S. Treasury Note/Bond 0.125% 04/30/2022 4.6%
30-YR GNMA II-TBA PROD MAY 3.500% 06/01/2049 2.1%
U.S. Treasury Note 0.625% 04/15/2023 2.0%
U.S. Treasury Note/Bond 3.625% 08/15/2043 1.6%
U.S. Treasury Note/Bond 0.375% 04/30/2025 1.5%
Federal National Mortgage Assoc. 3.500% 09/01/2047 1.3%
Federal National Mortgage Assoc. 3.500% 08/01/2047 1.1%
% of Total Assets 30.0%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD MAY4.000% 11/01/20465.6%
30-YR UMBS-TBA PROD MAY3.000% 08/01/20455.3%
United States Treasury Bill0.000% 05/07/20204.9%
U.S. Treasury Note/Bond0.125% 04/30/20224.6%
30-YR GNMA II-TBA PROD MAY3.500% 06/01/20492.1%
U.S. Treasury Note0.625% 04/15/20232.0%
U.S. Treasury Note/Bond3.625% 08/15/20431.6%
U.S. Treasury Note/Bond0.375% 04/30/20251.5%
Federal National Mortgage Assoc.3.500% 09/01/20471.3%
Federal National Mortgage Assoc.3.500% 08/01/20471.1%
UBS AG Registered Shares5.125% 05/15/20240.9%
Bank of America Corp.3.593% 07/21/20280.8%
Federal National Mortgage Assoc.3.500% 03/01/20500.7%
Federal National Mortgage Assoc.3.500% 10/01/20470.7%
Time Warner Cable LLC7.300% 07/01/20380.7%
Federal National Mortgage Assoc.3.500% 08/01/20470.7%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.6%
VMC Finance 2019-FL3 LLC1.851% 09/15/20360.6%
AT&T, Inc.6.000% 08/15/20400.6%
AbbVie, Inc.4.250% 11/21/20490.6%
HCA, Inc.5.500% 06/15/20470.6%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.5%
AmeriCredit Automobile Receivables Trust 2020-11.480% 01/21/20250.5%
General Motors Co.6.600% 04/01/20360.5%
Anheuser-Busch InBev Worldwide, Inc.3.500% 06/01/20300.5%
Anheuser-Busch InBev Worldwide, Inc.4.750% 01/23/20290.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
Biogen Idec, Inc.2.250% 05/01/20300.5%
General Electric Co.5.000% 12/31/20990.5%
CVS Caremark Corp.4.780% 03/25/20380.5%
JPMorgan Chase & Co.3.782% 02/01/20280.5%
Eli Lilly & Co.2.250% 05/15/20500.5%
GS Mortgage Securities Corp Trust 2019-70P1.814% 10/15/20360.5%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.5%
Santander Drive Auto Receivables Trust 2018-53.810% 12/16/20240.5%
U.S. Treasury Note/Bond2.000% 02/15/20500.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
BAT Capital Corp4.390% 08/15/20370.5%
NiSource, Inc.3.490% 05/15/20270.5%
Hyundai Floorplan Master Owner Trust2.680% 04/15/20240.4%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.4%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Atrium Hotel Portfolio Trust 2017-ATRM1.744% 12/15/20360.4%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.4%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
CPS Auto Trust4.610% 12/15/20220.4%
Wabtec Corp.4.700% 09/15/20280.4%
PSEG Power LLC8.625% 04/15/20310.4%
First Investors Auto Owner Trust 2019-13.020% 03/17/20250.4%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.4%
Toyota Motor Credit Corp.1.753% 05/22/20200.4%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.4%
DTE Electric Co2.625% 03/01/20310.4%
Chesapeake Funding II LLC2.940% 04/15/20310.3%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.3%
LoanCore 2019-CRE3 Issuer Ltd1.864% 04/15/20340.3%
Ameren Corp.3.500% 01/15/20310.3%
NextGear Floorplan Master Owner Trust2.560% 10/17/20220.3%
Wells Fargo Capital X5.950% 12/01/20860.3%
Verizon Communications, Inc.3.010% 05/15/20250.3%
JP Morgan Chase Commercial Mortgage Securities Tru1.814% 06/15/20320.3%
Goldman Sachs Group, Inc.6.250% 02/01/20410.3%
Netflix, Inc.6.375% 05/15/20290.3%
Government National Mortgage Association1.850% 01/16/20530.3%
U.S. Treasury Note/Bond2.375% 11/15/20490.3%
Capital Auto Receivables Asset Trust 2018-23.270% 06/20/20230.3%
GS Mortgage Securities Corp Trust 2019-70P2.134% 10/15/20360.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
AT&T, Inc.6.250% 03/29/20410.3%
American Express Credit Account Master Trust3.070% 10/15/20240.3%
BMW Vehicle Owner Trust 2019-A2.050% 05/25/20220.3%
Oglethorpe Power Corp.5.950% 11/01/20390.3%
KVK CLO 2016-1 Ltd3.469% 01/15/20290.3%
National Australia Bank Ltd.3.933% 08/02/20340.3%
CSAIL 2016-C7 Commercial Mortgage Trust4.533% 11/15/20490.3%
Alibaba Group Holding Ltd.3.600% 11/28/20240.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
Amur Equipment Finance Receivables V LLC3.740% 04/22/20240.3%
Ally Financial, Inc.8.000% 11/01/20310.3%
Tencent Holdings Ltd.3.595% 01/19/20280.3%
Drive Auto Receivables Trust 2019-14.090% 06/15/20260.3%
Kayne CLO 7 Ltd2.607% 04/17/20330.3%
Boeing Co.4.875% 05/01/20250.3%
GS Mortgage Securities Corp Trust 2019-SMP1.964% 08/15/20320.3%
Capital One Prime Auto Receivables Trust 2019-22.060% 09/15/20220.3%
Qatar Government International Bond3.250% 06/02/20260.3%
CF Trust 2019-MF12.950% 08/21/20320.3%
Credit Suisse Commercial Mortgage Securities Corp2.064% 01/15/20340.3%
Kraft Heinz Foods Co.4.375% 06/01/20460.3%
Anglo American Capital plc4.750% 04/10/20270.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
CVS Caremark Corp.3.625% 04/01/20270.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Saudi Arabian Oil Co2.875% 04/16/20240.2%
Emera US Finance L.P.4.750% 06/15/20460.2%
Global Payments, Inc.3.200% 08/15/20290.2%
Westlake Automobile Receivables Trust 2018-33.320% 10/16/20230.2%
Fifth Third Auto Trust 2019-12.660% 05/16/20220.2%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.2%
Federal National Mortgage Assoc.4.000% 01/01/20480.2%
Westlake Automobile Receivables Trust 2020-12.520% 04/15/20250.2%
Morgan Stanley3.625% 01/20/20270.2%
AES Corp.5.125% 09/01/20270.2%
Boeing Co.5.040% 05/01/20270.2%
Citigroup, Inc.2.666% 01/29/20310.2%
Mexichem SAB de CV4.875% 09/19/20220.2%
ME Funding LLC 2019-16.448% 07/30/20490.2%
Westlake Automobile Receivables Trust 2019-13.260% 10/17/20220.2%
BAE Systems plc3.400% 04/15/20300.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
UnitedHealth Group, Inc.3.500% 08/15/20390.2%
Nigeria Government International Bond6.375% 07/12/20230.2%
Universal Health Services, Inc.5.000% 06/01/20260.2%
Imperial Tobacco Finance plc3.875% 07/26/20290.2%
AT&T, Inc.3.067% 06/12/20240.2%
American Express Credit Account Master Trust2.860% 11/15/20240.2%
Discover Bank4.682% 08/09/20280.2%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.2%
Altria Group, Inc.5.950% 02/14/20490.2%
Perimeter Master Note Business Trust6.020% 12/15/20220.2%
Occidental Petroleum Corp.7.875% 09/15/20310.2%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.2%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.2%
M360 2019-CRE2 LLC2.664% 09/15/20340.2%
Ammc Clo 19 Ltd.3.019% 10/16/20280.2%
Petroleos Mexicanos4.500% 01/23/20260.2%
Drive Auto Receivables Trust4.160% 05/15/20240.2%
Octagon Investment Partners 30 Ltd2.835% 03/17/20300.2%
Aircastle Ltd.4.250% 06/15/20260.2%
Great Wolf Trust 2019-WOLF1.848% 12/15/20360.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
Sprint Capital Corp.6.875% 11/15/20280.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
CPS Auto Receivables Trust 2020-A2.900% 12/15/20250.2%
Dollar Tree, Inc.4.200% 05/15/20280.2%
Goldman Sachs Group, Inc.2.660% 02/23/20230.2%
Triton Container Finance VI LLC4.190% 06/22/20430.2%
Wells Fargo Commercial Mortgage Trust4.412% 07/15/20460.2%
Cargill Inc2.125% 04/23/20300.2%
Ford Motor Co.7.450% 07/16/20310.2%
Lithia Motors, Inc.4.625% 12/15/20270.2%
Ammc Clo 19 Ltd.3.769% 10/16/20280.2%
Foursight Capital Automobile Receivables Trust 2015.560% 01/16/20240.2%
CF Industries, Inc.4.950% 06/01/20430.2%
Salem Fields CLO Ltd 2016-22.944% 10/25/20280.2%
PFP 2019-6 Ltd2.494% 04/14/20370.2%
Verus Securitization Trust 2020-12.417% 01/25/20600.2%
GS Mortgage Securities Corp Trust 2019-SMP2.314% 08/15/20320.2%
Benchmark 2019-B12 Mortgage Trust3.555% 08/15/20520.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.2%
Navient Corp.6.750% 06/25/20250.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
Deephaven Residential Mortgage Trust 2019-32.964% 07/25/20590.2%
E*TRADE Financial Corp.5.875% 12/31/20990.2%
Carnival Corp.11.500% 04/01/20230.2%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.2%
Sunac China Holdings Ltd7.875% 02/15/20220.2%
Capital One Multi-Asset Execution Trust2.060% 08/15/20280.2%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.2%
Valero Energy Corp.10.500% 03/15/20390.2%
Textainer Marine Containers VII Ltd4.110% 07/20/20430.2%
Carmax Auto Owner Trust 2019-42.320% 07/15/20250.2%
Saudi Government International Bond3.625% 03/04/20280.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
GS Mortgage Securities Corp Trust 2019-70P0.506% 10/15/20360.2%
Angel Oak Mortgage Trust I LLC 2019-42.993% 07/26/20490.2%
NRG Energy, Inc.4.450% 06/15/20290.2%
AstraZeneca plc4.375% 08/17/20480.2%
First Investors Auto Owner Trust 2019-22.710% 12/15/20250.2%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.2%
CPS Auto Receivables Trust 2019-D2.540% 08/15/20240.2%
CPS Auto Receivables Trust 2019-D2.350% 11/15/20230.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Federal National Mortgage Assoc.3.500% 08/01/20470.2%
COMM 2014-UBS4 Mortgage Trust4.863% 08/10/20470.2%
Marble Point CLO XVII Ltd2.196% 04/20/20330.2%
Mattel, Inc.6.750% 12/31/20250.2%
Continental Resources, Inc.3.800% 06/01/20240.2%
General Electric Co.1.741% 03/15/20230.2%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.2%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.2%
Tenet Healthcare Corp.7.000% 08/01/20250.2%
Parsley Energy LLC5.625% 10/15/20270.2%
Owens Corning4.300% 07/15/20470.2%
Goodman US Finance Three LLC3.700% 03/15/20280.2%
Stanley Black & Decker, Inc.4.000% 03/15/20600.2%
General Electric Co.6.150% 08/07/20370.2%
World Financial Network Credit Card Master Trust2.210% 07/15/20260.2%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.2%
Buckeye Partners L.P.6.375% 01/22/20780.2%
Boyd Gaming Corp.6.000% 08/15/20260.2%
Minerva Luxembourg SA5.875% 01/19/20280.2%
Jamestown CLO VI-R Ltd2.141% 04/25/20300.1%
Egypt Government International Bond6.588% 02/21/20280.1%
Drive Auto Receivables Trust 2019-42.700% 02/16/20270.1%
Avolon Holdings Funding Ltd5.250% 05/15/20240.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.1%
Citigroup, Inc.3.980% 03/20/20300.1%
Shimao Property Holdings Ltd.4.750% 07/03/20220.1%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.1%
Federal National Mortgage Assoc.3.500% 09/01/20470.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
National Securities Clearing Corp1.500% 04/23/20250.1%
Campbell Soup Co.2.375% 04/24/20300.1%
Protective Life Corp.8.450% 10/15/20390.1%
CF Trust 2019-MF12.650% 08/21/20320.1%
Roper Industries, Inc.3.650% 09/15/20230.1%
Dominion Resources, Inc.3.375% 04/01/20300.1%
EPR Properties4.950% 04/15/20280.1%
New Residential Mortgage Loan Trust 2019-NQM32.802% 07/25/20490.1%
DISH DBS Corp.7.750% 07/01/20260.1%
Coty, Inc.6.500% 04/15/20260.1%
Chesapeake Funding II LLC1.990% 05/15/20290.1%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.1%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.1%
Exelon Generation Co. LLC5.750% 10/01/20410.1%
JD.com, Inc.3.375% 01/14/20300.1%
Newell Rubbermaid, Inc.5.875% 04/01/20360.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Ukraine Government7.750% 09/01/20230.1%
Kansas City Southern3.500% 05/01/20500.1%
Global Atlantic Fin Co4.400% 10/15/20290.1%
Boeing Co.5.150% 05/01/20300.1%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.1%
TRTX 2019-FL3 Issuer Ltd2.851% 09/15/20340.1%
Natixis Commercial Mortgage Securities Trust 2019-0.633% 10/15/20360.1%
MHP Lux SA6.250% 09/19/20290.1%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.1%
Park Aerospace Holdings Ltd5.500% 02/15/20240.1%
Listrindo Capital BV4.950% 09/14/20260.1%
World Omni Auto Receivables Trust 2017-A1.930% 09/15/20220.1%
Centene Corp.3.375% 02/15/20300.1%
BBCMS 2019-BWAY Mortgage Trust2.424% 11/25/20340.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
Selective Insurance Group, Inc.5.375% 03/01/20490.1%
JPMorgan Chase & Co.4.000% 12/31/20990.1%
Prestige Auto Receivables Trust 2017-13.610% 10/16/20230.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Trimble Navigation Ltd.4.900% 06/15/20280.1%
Westpac Banking Corp.4.110% 07/24/20340.1%
AbbVie, Inc.2.545% 11/21/20220.1%
Michigan Fin Auth3.084% 12/01/20340.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
Carlisle Cos., Inc.2.750% 03/01/20300.1%
COMM 2015-DC1 Mortgage Trust4.455% 02/10/20480.1%
Ecopetrol S.A.4.125% 01/16/20250.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Kookmin Bank1.750% 05/04/20250.1%
PFP 2019-6 Ltd2.894% 04/14/20370.1%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
JP Morgan Chase Commercial Mortgage Securities Cor2.564% 09/15/20290.1%
COMM Mortgage Trust3.902% 07/10/20500.1%
Visa, Inc.1.900% 04/15/20270.1%
Drive Auto Receivables Trust 2019-42.320% 06/15/20220.1%
JP Morgan Chase Commercial Mortgage Securities Cor3.464% 09/15/20290.1%
TCF Auto Receivables Owner Trust 2016-PT11.930% 06/15/20220.1%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.1%
JP Morgan Chase Commercial Mortgage Securities Tru2.114% 06/15/20320.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Citigroup, Inc.2.976% 11/05/20300.1%
JP Morgan Chase Commercial Mortgage Securities Cor4.164% 09/15/20290.1%
AI Candelaria Spain SLU7.500% 12/15/20280.1%
Florida Power & Light Co.2.850% 04/01/20250.1%
JP Morgan Chase Commercial Mortgage Securities Cor5.164% 09/15/20290.1%
Drive Auto Receivables Trust 2019-42.840% 11/17/20250.1%
World Omni Automobile Lease Securitization Trust 22.890% 11/15/20210.1%
Petroleos Mexicanos5.350% 02/12/20280.1%
Royal Bank of Canada1.495% 01/17/20230.1%
Carvana Auto Receivables Trust 2019-32.420% 04/15/20220.1%
Westlake Automobile Receivables Trust 2019-32.410% 10/15/20240.1%
MPT Operating Partnership L.P.5.000% 10/15/20270.1%
JP Morgan Chase Commercial Mortgage Securities Cor6.164% 09/15/20290.1%
Walgreen Co.3.200% 04/15/20300.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.1%
Baxter International, Inc.3.750% 10/01/20250.1%
Ameriprise Financial, Inc.3.000% 04/02/20250.1%
SOUND POINT CLO XVII2.735% 10/20/20300.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
Bayer Corp6.650% 02/15/20280.1%
Consolidated Communications, Inc.6.500% 10/01/20220.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.1%
XPO Logistics, Inc.6.250% 05/01/20250.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
PetSmart, Inc.8.875% 06/01/20250.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
Qatar Government International Bond5.103% 04/23/20480.1%
Credit Acceptance Auto Loan Trust 2017-33.480% 10/15/20260.1%
BSPRT 2018-FL4 Issuer Ltd1.864% 09/15/20350.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
Westlake Automobile Receivables Trust 2019-13.450% 03/15/20240.1%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.1%
Oaktree CLO 2014-12.997% 05/13/20290.1%
San Antonio, TX3.527% 07/01/20400.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
Benefit Street Partners CLO XIX Ltd5.678% 01/15/20330.1%
Greywolf CLO IV Ltd3.085% 04/17/20300.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
M360 2019-CRE2 LLC3.064% 09/15/20340.1%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.1%
Avery Point VII CLO Ltd2.969% 01/15/20280.1%
CIT Group, Inc.6.125% 03/09/20280.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Avery Point VII CLO Ltd3.669% 01/15/20280.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
Sound Point Clo XII Ltd2.935% 10/20/20280.1%
KKR Clo 17 Ltd2.869% 04/15/20290.1%
Uber Technologies Inc8.000% 11/01/20260.1%
COMM Mortgage Trust4.578% 07/10/20500.1%
Mountain View CLO 2017-1 LLC2.926% 10/16/20290.1%
Quicken Loans Inc5.750% 05/01/20250.1%
Trillium Credit Card Trust II0.837% 09/26/20230.1%
KKR CLO 18 Ltd2.835% 07/18/20300.1%
Jamestown CLO IX Ltd3.785% 10/20/20280.1%
World Omni Automobile Lease Securitization Trust 22.830% 07/15/20210.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.1%
Macquarie Group Ltd.4.654% 03/27/20290.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
Tenet Healthcare Corp.6.250% 02/01/20270.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Gray Television, Inc.7.000% 05/15/20270.1%
ITC Holdings Corp.3.350% 11/15/20270.1%
Cigna Corp2.550% 09/17/20210.1%
Chinalco Capital Holdings Ltd4.000% 08/25/20210.1%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.1%
Northwoods Capital 20 Ltd6.151% 01/25/20300.1%
Dominion Gas Holdings LLC4.600% 12/15/20440.1%
Danske Bank A/S5.375% 01/12/20240.1%
AmeriCredit Automobile Receivables Trust 2019-32.170% 01/18/20230.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.1%
Banco do Brasil SA4.625% 01/15/20250.1%
MEDNAX, Inc.6.250% 01/15/20270.1%
Leidos, Inc.7.125% 07/01/20320.1%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.1%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.1%
JPMorgan Chase & Co.2.509% 06/18/20220.1%
Advocate Health & Hospitals Corp3.387% 10/15/20490.1%
Spirit AeroSystems, Inc.4.600% 06/15/20280.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Neuberger Berman Loan Advisers CLO 35 Ltd5.603% 01/19/20330.1%
ALM VII Ltd4.769% 07/15/20290.1%
Griffon Corp.5.750% 03/01/20280.1%
Longfor Properties Co. Ltd.4.500% 01/16/20280.1%
COMM 2017-COR2 Mortgage Trust3.803% 09/10/20500.1%
Springleaf Finance Corp.5.375% 11/15/20290.1%
Perusahaan Listrik Negara PT5.250% 10/24/20420.1%
Ford Credit Auto Owner Trust 2019-REV13.520% 07/15/20300.1%
ENI SpA5.700% 10/01/20400.1%
Perusahaan Listrik Negara PT4.125% 05/15/20270.1%
CF Trust 2019-BOSS4.064% 12/15/20210.1%
Prosus NV3.680% 01/21/20300.1%
Grupo de Inversiones Suramericana SA5.500% 04/29/20260.1%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.1%
UBS AG London1.750% 04/21/20220.1%
Crown Castle International Corp.3.300% 07/01/20300.1%
Sinclair Broadcast Group, Inc.5.125% 02/15/20270.1%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Kaisa Group Holdings Ltd.11.950% 10/22/20220.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
New Jersey Edl Facs Auth3.636% 09/01/20290.1%
Kernel Holding SA8.750% 01/31/20220.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.1%
California7.625% 03/01/20400.1%
Egypt Government International Bond4.550% 11/20/20230.1%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.1%
Dominion Resources, Inc.7.000% 06/15/20380.1%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.1%
Elm CLO 2014-1 Ltd2.885% 01/17/20290.1%
Wells Fargo Commercial Mortgage Trust 2017-HSDB1.679% 12/13/20310.1%
BBCMS 2019-BWAY Mortgage Trust1.770% 11/25/20340.1%
Pertamina Persero PT4.700% 07/30/20490.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
MHP Lux SA6.950% 04/03/20260.1%
PetSmart, Inc.5.875% 06/01/20250.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
ViaSat, Inc.5.625% 04/15/20270.1%
Eskom Holdings SOC Ltd.5.750% 01/26/20210.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
BB-UBS Trust3.430% 11/05/20360.1%
Pakistan Government International Bond6.875% 12/05/20270.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
Cemex, S.A.B. de C.V.5.450% 11/19/20290.1%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Yuzhou Properties Co. Ltd.6.000% 10/25/20230.1%
Constellation Brands, Inc.2.875% 05/01/20300.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
Wells Fargo Commercial Mortgage Trust 2014-LC163.817% 08/15/20500.1%
Republic of Turkey4.250% 04/14/20260.1%
LMREC 2019-CRE3 Inc1.970% 12/22/20350.1%
Republic of Turkey5.250% 03/13/20300.1%
Prestige Auto Receivables Trust 2019-13.900% 05/15/20260.1%
Duke Energy Corp.2.750% 04/01/20500.1%
BAMLL Trust4.420% 07/11/20330.1%
Match Group, Inc.5.625% 02/15/20290.1%
Healthcare Realty Trust, Inc.2.400% 03/15/20300.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Republic of Peru2.392% 01/23/20260.1%
CSN Resources SA7.625% 02/13/20230.1%
Brink's Co/The4.625% 10/15/20270.1%
Wyndham Worldwide Corp.5.750% 04/01/20270.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.1%
BX Commercial Mortgage Trust 2019-XL2.264% 10/15/20360.1%
IDEX Corp.3.000% 05/01/20300.1%
Yak Access LLC12.319% 07/10/20260.1%
Assurant, Inc.3.700% 02/22/20300.1%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.1%
Snap-on, Inc.3.100% 05/01/20500.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
COMM 2019-GC44 Mortgage Trust3.513% 08/15/20570.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
USAA Capital Corp1.500% 05/01/20230.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Bank of America Corp.2.801% 04/24/20230.1%
Century Communities, Inc.6.750% 06/01/20270.1%
Las Vegas Sands Corp.3.900% 08/08/20290.1%
GS Mortgage Securities Trust3.557% 04/10/20310.1%
Micron Technology, Inc.2.497% 04/24/20230.1%
GS Mortgage Securities Corp Trust 2019-SMP0.587% 08/15/20320.1%
Tenet Healthcare Corp.6.750% 06/15/20230.1%
LifePoint Hospitals, Inc.6.750% 04/15/20250.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
OneMain Financial Issuance Trust 2019-13.480% 02/14/20310.1%
MEG Energy Corp.7.125% 02/01/20270.1%
Aquarion Co.4.000% 08/15/20240.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
Transportes Aereos Portugueses SA5.625% 12/02/20240.1%
BX Commercial Mortgage Trust 2019-XL2.064% 10/15/20360.1%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Fontainebleau Miami Beach Trust 2019-FBLU3.144% 12/10/20360.1%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.1%
Dell International LLC / EMC Corp6.020% 06/15/20260.1%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.1%
Cent CLO Ltd.2.171% 10/29/20250.1%
Chesapeake Funding II LLC1.910% 08/15/20290.0%
Sysco Corp.6.600% 04/01/20400.0%
GM Financial Automobile Leasing Trust 2019-22.670% 06/21/20210.0%
Sri Lanka (Democratic Socialist Republic of)6.850% 11/03/20250.0%
WPX Energy, Inc.5.250% 09/15/20240.0%
Goldman Sachs Group, Inc.2.801% 07/24/20230.0%
Toll Brothers Finance Corp.4.350% 02/15/20280.0%
CVS Caremark Corp.2.605% 03/09/20210.0%
Morgan Stanley4.000% 07/23/20250.0%
California7.300% 10/01/20390.0%
Adventist Health System/West2.952% 03/01/20290.0%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.0%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.0%
California Hlth Facs Fing Auth3.034% 06/01/20340.0%
Mattel, Inc.5.450% 11/01/20410.0%
National Oilwell Varco, Inc.3.950% 12/01/20420.0%
Great American Auto Leasing Inc 2019-13.210% 02/18/20250.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Pepperdine University3.301% 12/01/20590.0%
Netflix, Inc.3.625% 06/15/20250.0%
Warrior Met Coal Inc8.000% 11/01/20240.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
Airxcel, Inc.4.904% 04/28/20250.0%
J.P. Morgan Chase Commercial Mortgage Securities T3.392% 06/05/20320.0%
First National Master Note Trust 2018-11.274% 10/15/20240.0%
Zayo Group Holdings, Inc.6.125% 03/01/20280.0%
Ford Credit Auto Owner Trust 2018-REV23.470% 01/15/20300.0%
U.S. Treasury Note/Bond1.500% 02/15/20300.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
SURA Asset Management SA4.875% 04/17/20240.0%
TAL Advantage VI LLC4.500% 04/20/20420.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.0%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.0%
West Town Mall Trust 2017-KNOX3.823% 07/05/20300.0%
Owens Corning7.000% 12/01/20360.0%
PFS Financing Corp.2.890% 02/15/20230.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.742% 09/05/20320.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
CPS Auto Receivables Trust 2017-C3.790% 06/15/20230.0%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
GS Mortgage Securities Corp Trust 2018-RIVR1.764% 07/15/20350.0%
NextGear Floorplan Master Owner Trust4.010% 10/15/20230.0%
Angolan Government International Bond8.250% 05/09/20280.0%
Angolan Government International Bond8.250% 05/09/20280.0%
BDS 2019-FL3 LTD2.151% 12/15/20350.0%
A10 Bridge Asset Financing LLC3.300% 05/15/20360.0%
ACC Trust 2019-14.470% 10/20/20220.0%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.0%
Fontainebleau Miami Beach Trust 2019-FBLU3.447% 12/10/20360.0%
Exantas Capital Corp 2019-RSO7 Ltd1.673% 04/15/20360.0%
Yum! Brands, Inc.7.750% 04/01/20250.0%
Crown Castle International Corp.3.800% 02/15/20280.0%
Exantas Capital Corp 2019-RSO7 Ltd2.173% 04/15/20360.0%
BX Commercial Mortgage Trust 2019-XL2.614% 10/15/20360.0%
Atrium Hotel Portfolio Trust 2018-ATRM1.764% 06/15/20350.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
Carrier Global Corp3.577% 04/05/20500.0%
Popular, Inc.6.125% 09/14/20230.0%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.0%
Latam Finance Ltd.7.000% 03/01/20260.0%
Aqua America, Inc.3.566% 05/01/20290.0%
BAMLL Commercial Mortgage Securities Trust 2019-AH2.414% 03/15/20340.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Eni USA Inc7.300% 11/15/20270.0%
BBCMS 2019-BWAY Mortgage Trust2.124% 11/25/20340.0%
BHP Trust 2019-BXHP3.382% 08/15/20360.0%
Intertape Polymer Group Inc7.000% 10/15/20260.0%
Citgo Holding, Inc.9.250% 08/01/20240.0%
SLM Student Loan Trust 2007-31.051% 01/25/20220.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
QEP Resources, Inc.5.625% 03/01/20260.0%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.0%
Ford Credit Floorplan Master Owner Trust A3.060% 04/15/20260.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Drive Auto Receivables Trust3.660% 11/15/20240.0%
TRI Pointe Homes LLC5.250% 06/01/20270.0%
NRG Energy, Inc.5.750% 01/15/20280.0%
Drive Auto Receivables Trust 2017-13.840% 03/15/20230.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
AMC Networks, Inc.4.750% 08/01/20250.0%
Provincia de Mendoza Argentina8.375% 05/19/20240.0%
BX Commercial Mortgage Trust 2018-BIOA1.485% 03/15/20370.0%
AT&T, Inc.2.891% 06/30/20200.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.931% 06/10/20270.0%
Santander UK plc7.950% 10/26/20290.0%
Ashland, Inc.6.875% 05/15/20430.0%
RETL 2019-RVP2.914% 03/15/20360.0%
Sinclair Broadcast Group, Inc.5.875% 03/15/20260.0%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.0%
COMM Mortgage Trust4.290% 07/10/20500.0%
BBCMS 2018-TALL Mortgage Trust3.251% 03/15/20370.0%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.0%
ACC Trust 2018-14.820% 05/20/20210.0%
American Airlines Group, Inc.3.750% 03/01/20250.0%
University of Chicago/The2.761% 04/01/20450.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
Capital Auto Receivables Asset Trust 2017-12.020% 08/20/20210.0%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.0%
Natixis Commercial Mortgage Securities Trust 2018-3.917% 11/15/20320.0%
COMM Mortgage Trust4.578% 07/10/20500.0%
Natixis Commercial Mortgage Securities Trust 2018-3.917% 11/15/20320.0%
BX Trust 2018-GW1.614% 05/15/20350.0%
COMM Mortgage Trust4.349% 12/10/20470.0%
WFRBS Commercial Mortgage Trust5.047% 08/15/20450.0%
AREIT 2018-CRE2 Trust1.774% 11/14/20350.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
WFRBS Commercial Mortgage Trust4.472% 03/15/20480.0%
Hilton Orlando Trust 2018-ORL2.514% 12/15/20340.0%
Universal Health Services, Inc.4.750% 08/01/20220.0%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.0%
GM Financial Automobile Leasing Trust 2019-22.670% 03/21/20220.0%
SCF Equipment Leasing 2019-1 LLC3.040% 03/20/20230.0%
Home Depot USA, Inc.1.464% 06/05/20200.0%
Toll Brothers Finance Corp.4.875% 03/15/20270.0%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.0%
HealthSouth Corp.4.500% 02/01/20280.0%
Citigroup, Inc.4.450% 09/29/20270.0%
WPX Energy, Inc.8.250% 08/01/20230.0%
Hilton Orlando Trust 2018-ORL1.584% 12/15/20340.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
GS Mortgage Securities Trust4.662% 11/10/20470.0%
Summit Materials LLC5.125% 06/01/20250.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Government National Mortgage Association2.700% 08/16/20580.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Charter Communications Operating LLC6.484% 10/23/20450.0%
Ecopetrol S.A.5.875% 05/28/20450.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.814% 06/15/20350.0%
SG Commercial Mortgage Securities Trust 2019-787E0.456% 02/15/20410.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
Government National Mortgage Association2.700% 04/16/20570.0%
Government National Mortgage Association2.750% 02/16/20580.0%
PHEAA Student Loan Trust I1.261% 04/25/20380.0%
Wells Fargo Commercial Mortgage Trust4.246% 05/15/20480.0%
Government National Mortgage Association2.600% 06/16/20570.0%
JP Morgan Chase Commercial Mortgage Securities Cor4.767% 07/05/20310.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
Fifth Third Auto Trust 2019-12.690% 11/16/20260.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.414% 06/15/20320.0%
Leidos, Inc.5.500% 07/01/20330.0%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.0%
Hardee's Funding LLC4.959% 06/20/20480.0%
WFRBS Commercial Mortgage Trust3.863% 03/15/20480.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.232% 07/05/20330.0%
South Carolina Electric & Gas Co.6.050% 01/15/20380.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.0%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.0%
Motel 6 Trust 2017-MTL64.064% 08/15/20340.0%
Orec 2018-CRE1 Ltd1.994% 06/15/20360.0%
Neuberger Berman Group LLC4.500% 03/15/20270.0%
Norbord, Inc.6.250% 04/15/20230.0%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.0%
Bank of America Corp.3.824% 01/20/20280.0%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.0%
E*TRADE Financial Corp.4.500% 06/20/20280.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
Goldman Sachs Group, Inc.6.750% 10/01/20370.0%
Macquarie Bank Ltd.6.625% 04/07/20210.0%
BAT Capital Corp3.557% 08/15/20270.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
Government National Mortgage Association2.650% 11/16/20500.0%
Government National Mortgage Association2.700% 07/16/20570.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
Government National Mortgage Association2.750% 02/16/20580.0%
SLIDE 2018-FUN2.664% 06/15/20310.0%
Exelon Generation Co. LLC6.250% 10/01/20390.0%
Quality Distribution, Inc.9.950% 08/18/20230.0%
Government National Mortgage Association2.600% 07/16/20580.0%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.0%
Brightsphere Investment Group Inc4.800% 07/27/20260.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.0%
Orange Lake Timeshare Trust 2015-A2.880% 09/08/20270.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.932% 07/05/20330.0%
JPMBB Commercial Mortgage Securities Trust4.411% 07/15/20480.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.350% 11/15/20350.0%
COMM Mortgage Trust4.578% 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%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
BCD Acquisition, Inc.9.625% 09/15/20230.0%
South Carolina Electric & Gas Co.6.625% 02/01/20320.0%
PPL Corp.5.200% 07/15/20410.0%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.0%
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%
GS Mortgage Securities Trust 2015-GC302.726% 05/10/20500.0%
First Investors Auto Owner Trust2.410% 12/15/20220.0%
Pentair Finance SA4.500% 07/01/20290.0%
General Electric Co.2.121% 05/05/20260.0%
Carnival plc7.875% 06/01/20270.0%
CarMax Auto Owner Trust2.880% 10/15/20210.0%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.0%
Americredit Automobile Receivables Trust 2018-30.968% 01/18/20220.0%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.0%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The1.664% 01/15/20330.0%
FX EUR/USD 05/200.000% 05/12/20200.0%
FX USD/CAD 06/200.000% 06/15/20200.0%
FX USD/EUR 05/200.000% 05/12/20200.0%
Tapstone Energy Holdings III, LLC0.000% 06/01/20220.0%
EURO-SCHATZ FUT JUN200.000% 06/10/20200.0%
CAN 5YR FUT JUN200.000% 06/30/20200.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp0.000% -0.0%
US 2YR NOTE (CBT) JUN200.000% 07/06/20200.0%
US 5YR NOTE (CBT) JUN200.000% 07/06/20200.0%
US LONG BOND(CBT) JUN200.000% 06/30/20200.0%
US ULTRA BOND CBT JUN200.000% 06/30/20200.0%
US 10YR ULTRA FUT JUN200.000% 06/30/20200.0%
Credit Index Swap5.000% 12/20/2024-0.4%

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 05/29/2020
$0.176
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
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 06/30/2020
Daily Daily 07/31/2020
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

Yield

Yield

Dividend Yield as of 05/29/2020  

  Subsidized Un-Subsidized
w/o sales charge 3.91% 3.47%

30-Day Standardized Yield as of 04/30/2020  

Subsidized Un-Subsidized
3.57% 3.47%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2020

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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