LAPIX | Core Plus Bond Fund Class I | Lord Abbett

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Core Plus Bond Fund

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Daily price w/o sales charge as of 06/08/2023

$12.79

arrowUp$0.05

YTD Returns w/o sales charge as of 06/08/2023

2.60%

Overall Morningstar Ratings

Intermediate Core-Plus Bond
as of 05/31/2023

Morningstar rated the Lord Abbett Core Plus Bond Fund class I share 4 and 4 stars among 552 and 511 Intermediate Core-Plus Bond Funds for the overall rating and the 3 and 5 year periods ended 5/31/2023, respectively.

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 06/08/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.22% 5.21%

30-Day Standardized Yield 2 as of 05/31/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.23% 5.22%

Average Yield to Worst as of 04/28/2023

5.5%

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

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

Fund Basicsas of 04/28/2023

Total Net Assets
$1.20 B
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.49%
Fund Net Expense Ratio
0.48%
Number of Holdings
573
Minimum Initial Investment

+Minimum Exceptions, View Full Disclosure

There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

Fund Expense Ratio :

Gross 0.49%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 2.56% -2.29% -1.68% 1.18% - 1.93%
Lipper Category Avg. Core Plus Bond Funds 2.60% -2.46% -2.70% 1.03% - -
Bloomberg U.S. Aggregate Bond Index 2.46% -2.14% -3.65% 0.81% - 1.12%
w/ sales charge 2.56% -2.29% -1.68% 1.18% - 1.93%

Fund Expense Ratio :

Gross 0.49%

Net 0.48%

Fund Expense Ratio :

Gross 0.49%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 3.20% -5.48% -0.11% 1.26% - 2.06%
Lipper Category Avg. Core Plus Bond Funds 3.19% -5.47% -1.07% 1.10% - -
Bloomberg U.S. Aggregate Bond Index 2.96% -4.78% -2.77% 0.91% - 1.22%

Fund Expense Ratio :

Gross 0.49%

Net 0.48%

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Type Assets
Investment Grade Corporate
MBS
U.S. Government Related
ABS
High Yield Corporate
CMBS
Sovereign
CLO
Bank Loans
Other
Cash

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

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

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

Credit Quality Distribution as of 04/28/2023 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

29 Years of Industry Experience

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

Partner & Portfolio Manager

25 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

32 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

15 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Harris Trifon
Harris Trifon

Managing Director, Portfolio Manager

23 Years of Industry Experience

Supported By 76 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Dividend Yield 1 as of 06/08/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.22% 5.21%

30-Day Standardized Yield 2 as of 05/31/2023  

  Subsidized5 Un-Subsidized6
w/o sales charge 5.23% 5.22%

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

Fund Expense Ratio :

Gross 0.49%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 2.56% -2.29% -1.68% 1.18% - 1.93%
Lipper Category Avg. Core Plus Bond Funds 2.60% -2.46% -2.70% 1.03% - -
Bloomberg U.S. Aggregate Bond Index 2.46% -2.14% -3.65% 0.81% - 1.12%
w/ sales charge 2.56% -2.29% -1.68% 1.18% - 1.93%

Fund Expense Ratio :

Gross 0.49%

Net 0.48%

Fund Expense Ratio :

Gross 0.49%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 3.20% -5.48% -0.11% 1.26% - 2.06%
Lipper Category Avg. Core Plus Bond Funds 3.19% -5.47% -1.07% 1.10% - -
Bloomberg U.S. Aggregate Bond Index 2.96% -4.78% -2.77% 0.91% - 1.22%

Fund Expense Ratio :

Gross 0.49%

Net 0.48%

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
MBS
U.S. Government Related
ABS
High Yield Corporate
CMBS
Sovereign
CLO
Bank Loans
Other
Cash

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

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

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

Credit Quality Distribution as of 04/28/2023

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioningas of 3/31/2023

  • During the quarter we maintained the Strategy’s overall up-in-quality and up-in-liquidity positioning and remained down in cyclicality and complexity.

  •       Over the quarter, the portfolio predominantly benefitted from an overweight allocation as well as positive security selection within investment grade corporate bonds. Specifically, the Strategy’s conservative positioning, including an underweight to smaller regional banks and an overweight to insurance companies and large money centers drove positive performance relative to the benchmark. The portfolio’s bank holdings are generally issued by institutions with strong deposit franchises, robust credit cultures, and strong management teams. We continued to reduce lower quality corporate bonds and increase the investment grade corporate allocation over the period. We added to Healthcare and Financials at what we believe to be attractive levels following the banking turmoil.

    ·    An allocation to securitized credit – specifically CMBS, ABS, and CLO – had a positive impact on relative returns. High quality securitized credit outperformed both investment grade corporate bonds and government-related securities as the asset class provides superior risk-adjusted yields at the top of the credit stack.

    ·   Despite headline risk, the portfolio’s allocation to high-quality AAA-rated CMBS contributed as certain property types rebounded from challenged performance in the fourth quarter of last year, including hotel backed SASB deals and multi-family CRE CLO, both of which are overweight positions within the portfolio’s CMBS book. That said, we continued to reduce the portfolio’s exposure to CMBS over the quarter as we have been over the last few quarters. Sales were focused on hospitality and office backed SASB deals. We’ve maintained a very high bar to add with a preference for high quality, liquid names and the portfolio’s exposure remains low relative to this time last year.

    ·      Another contributor to performance was the portfolio’s allocation to short-term, AAA-rated ABS as the asset class outperformed the broader index and corporate credit. Within the sector, we have identified issues that demonstrate robust credit fundamentals, including well behaved delinquency/loss trends, consistent collateral quality, and strong stress tested structures. We are particularly constructive on auto-loans and have predominantly allocated to this subsector within the broader ABS allocation.

    ·     The portfolio’s modest allocation to CLO also contributed to relative returns given the attractive carry profile of the sector. While we’re comfortable with the credit profile of the portfolio’s CLO holdings, we decreased exposure over the quarter, as we monetized attractive valuations and continue to shift to a highly liquid portfolio profile and are very selective with respect to spread targets when adding.

    ·    Duration positioning was a meaningful detractor from performance over the quarter. Being underweight duration versus the benchmark detracted as the 5-year and 10-year U.S. Treasury rates rallied during the period. Our preference is to underweight the belly of the curve (5s and 10s) and overweight the wings (2s and 30s). 

    ·     We added TIPS to the portfolio over the quarter. This addition was made to express the team’s view that the market may be underestimating the potential for higher inflation for longer.

 

Portfolio Details as of 04/28/2023

Total Net Assets
$1.20 B
Number of Issues
573
Average Coupon
4.57%
Average Life
7.8 Years
Average Maturity
7.8 Years
Average Effective Duration
6.18 Years
Average Modified Duration
6.92 Years
Average Yield to Worst
5.5%

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

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

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

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

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

Holding Coupon Maturity Assets
United States Treasury Note/Bond 3.875% 02/15/2043 3.7%
United States Treasury Note/Bond 3.875% 03/31/2025 3.5%
30-YR GNMA II-TBA PROD JUN 5.000% 01/01/2053 3.4%
30-YR GNMA II-TBA PROD MAY 5.500% 12/01/2052 2.3%
Federal Home Loan Banks 4.810% 08/02/2023 2.2%
30-YR GNMA II-TBA PROD JUN 6.000% 11/01/2052 1.9%
United States Treasury Note/Bond 3.625% 02/15/2053 1.7%
30-YR UMBS-TBA PROD JUN 5.500% 02/01/2053 1.3%
30-YR GNMA II-TBA PROD MAY 6.500% 11/01/2052 1.3%
United States Treasury Bill 0.000% 07/05/2023 1.2%
% of Total Assets 22.5%
Holding Coupon Maturity Assets
United States Treasury Note/Bond3.875% 02/15/20433.6%
United States Treasury Note/Bond3.875% 03/31/20253.5%
30-YR GNMA II-TBA PROD JUN5.000% 01/01/20533.4%
30-YR GNMA II-TBA PROD MAY5.500% 12/01/20522.2%
Federal Home Loan Banks4.810% 08/02/20232.1%
BARCLAYS CAPITAL0.010% 05/01/20232.1%
30-YR GNMA II-TBA PROD JUN6.000% 11/01/20521.9%
United States Treasury Note/Bond3.625% 02/15/20531.6%
30-YR UMBS-TBA PROD JUN5.500% 02/01/20531.3%
30-YR GNMA II-TBA PROD MAY6.500% 11/01/20521.3%
United States Treasury Bill0.000% 07/05/20231.1%
UBS Group AG5.711% 01/12/20271.1%
Province of Quebec Canada3.625% 04/13/20281.1%
JPMorgan Chase & Co2.963% 01/25/20331.1%
30-YR GNMA II-TBA PROD JUN3.000% 01/01/20521.0%
United States Treasury Inflation Indexed Bonds1.500% 02/15/20530.9%
United States Treasury Note/Bond3.625% 03/31/20280.9%
30-YR UMBS-TBA PROD JUN6.000% 10/01/20520.9%
Avolon Holdings Funding Ltd4.250% 04/15/20260.9%
30-YR GNMA II-TBA PROD MAY6.000% 11/01/20520.9%
BARCLAYS CAPITAL0.010% 05/01/20230.9%
Svensk Exportkredit AB4.000% 07/15/20250.9%
Continental Resources Inc/OK5.750% 01/15/20310.7%
15-YR UMBS-TBA PROD JUN5.500% 12/01/20370.7%
15-YR UMBS-TBA PROD JUN5.000% 12/01/20370.7%
T-Mobile USA Inc3.875% 04/15/20300.7%
Amazon.com Inc4.700% 12/01/20320.7%
Morgan Stanley4.431% 01/23/20300.7%
Bank of America Corp2.687% 04/22/20320.6%
30-YR UMBS-TBA PROD JUN6.500% 11/01/20520.6%
30-YR UMBS-TBA PROD JUN2.500% 01/01/20520.6%
AT&T Inc4.300% 02/15/20300.6%
United States Treasury Note/Bond4.125% 01/31/20250.5%
Kommuninvest I Sverige AB4.250% 12/10/20250.5%
30-YR UMBS-TBA PROD JUN3.500% 04/01/20520.5%
Diamondback Energy Inc3.500% 12/01/20290.5%
MF1 2022-FL9 LLC7.067% 06/19/20370.5%
BAT Capital Corp3.222% 08/15/20240.5%
Constellation Energy Generation LLC5.800% 03/01/20330.5%
Centene Corp3.375% 02/15/20300.5%
CVS Health Corp3.250% 08/15/20290.5%
AbbVie Inc3.200% 11/21/20290.5%
30-YR GNMA II-TBA PROD JUN4.500% 12/01/20520.5%
Amgen Inc5.250% 03/02/20300.5%
IPALCO Enterprises Inc4.250% 05/01/20300.4%
Bank of America Corp3.970% 03/05/20290.4%
Cassa Depositi e Prestiti SpA5.750% 05/05/20260.4%
Citigroup Inc3.980% 03/20/20300.4%
30-YR GNMA II-TBA PROD MAY4.000% 08/01/20520.4%
Capital One Multi-Asset Execution Trust5.810% 05/15/20280.4%
Freddie Mac Pool2.500% 07/01/20510.4%
Danske Bank A/S3.773% 03/28/20250.4%
Macquarie Group Ltd4.654% 03/27/20290.4%
30-YR GNMA II-TBA PROD JUN5.500% 12/01/20520.4%
GE HealthCare Technologies Inc5.650% 11/15/20270.4%
JP Morgan Mortgage Trust 2021-42.500% 08/25/20510.4%
30-YR UMBS-TBA PROD JUN4.000% 11/01/20520.4%
Goldman Sachs Group Inc/The2.383% 07/21/20320.4%
American Tower Corp3.800% 08/15/20290.4%
Cigna Group/The2.400% 03/15/20300.4%
Bayer US Finance II LLC4.250% 12/15/20250.4%
Southern Co/The2.700% 08/01/20240.4%
EQT Corp7.000% 02/01/20300.4%
Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd6.740% 05/15/20370.4%
Santander Drive Auto Receivables Trust 2022-64.960% 11/15/20280.4%
Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd6.200% 01/15/20370.4%
Discover Card Execution Note Trust3.560% 07/15/20270.4%
GA Global Funding Trust3.850% 04/11/20250.4%
30-YR GNMA II-TBA PROD MAY3.500% 06/01/20520.4%
Crown Castle Inc3.300% 07/01/20300.4%
Indianapolis Power & Light Co5.650% 12/01/20320.3%
Flagstar Mortgage Trust 2021-42.500% 06/01/20510.3%
Citigroup Inc3.887% 01/10/20280.3%
Warnermedia Holdings Inc3.428% 03/15/20240.3%
CenterPoint Energy Houston Electric LLC4.950% 04/01/20330.3%
CarMax Auto Owner Trust 2023-15.190% 01/16/20290.3%
30-YR GNMA II-TBA PROD MAY5.000% 01/01/20530.3%
Goldman Sachs Group Inc/The3.272% 09/29/20250.3%
Intercontinental Exchange Inc4.000% 09/15/20270.3%
30-YR UMBS-TBA PROD MAY4.500% 12/01/20520.3%
Octane Receivables Trust 2022-25.850% 07/20/20280.3%
International Flavors & Fragrances Inc1.230% 10/01/20250.3%
United States Treasury Note/Bond2.000% 11/15/20410.3%
Humana Inc5.875% 03/01/20330.3%
New York Life Global Funding4.550% 01/28/20330.3%
BMW Vehicle Lease Trust 2023-15.070% 06/25/20260.3%
Bank of America Corp3.593% 07/21/20280.3%
Leidos Inc5.750% 03/15/20330.3%
UnitedHealth Group Inc4.000% 05/15/20290.3%
Duke Energy Corp4.500% 08/15/20320.3%
Lowe's Cos Inc5.000% 04/15/20330.3%
NiSource Inc2.950% 09/01/20290.3%
ME Funding LLC 2019-16.448% 07/30/20490.3%
Toronto-Dominion Bank/The4.456% 06/08/20320.3%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.3%
Fannie Mae Pool2.500% 09/01/20510.3%
Wells Fargo & Co5.389% 04/24/20340.3%
Oracle Corp6.250% 11/09/20320.3%
Oklahoma Gas and Electric Co5.400% 01/15/20330.3%
GM Financial Automobile Leasing Trust 2023-15.510% 01/20/20270.3%
Citigroup Inc2.666% 01/29/20310.3%
Jacobs Engineering Group Inc5.900% 03/01/20330.3%
Mexico Government International Bond4.875% 05/19/20330.3%
American Transmission Systems Inc2.650% 01/15/20320.3%
30-YR UMBS-TBA PROD JUN2.000% 11/01/20510.3%
MSCI Inc3.625% 11/01/20310.3%
JPMorgan Chase & Co2.580% 04/22/20320.3%
BA Credit Card Trust5.000% 04/15/20280.3%
Charter Communications Operating LLC6.721% 04/30/20250.3%
BHMS 2018-ATLS6.198% 07/15/20350.3%
JP Morgan Mortgage Trust 2021-102.500% 12/25/20510.3%
Benefit Street Partners CLO XVII Ltd6.340% 07/15/20320.3%
Westlake Automobile Receivables Trust 2023-15.210% 01/18/20280.3%
Freddie Mac STACR REMIC Trust 2022-HQA37.115% 08/25/20420.3%
Affirm Asset Securitization Trust 2023-A6.610% 01/18/20280.3%
Philip Morris International Inc5.625% 11/17/20290.3%
Netflix Inc5.875% 11/15/20280.3%
Duke Energy Indiana LLC5.400% 04/01/20530.3%
UBS AG5.125% 05/15/20240.3%
Flagship Credit Auto Trust 2022-46.320% 06/15/20270.3%
EFMT 2023-15.732% 02/25/20680.3%
Saudi Government International Bond4.875% 07/18/20330.3%
Oracle Corp2.875% 03/25/20310.3%
FactSet Research Systems Inc3.450% 03/01/20320.3%
Discover Card Execution Note Trust5.030% 10/15/20270.3%
Hilton Worldwide Finance LLC6.821% 06/22/20260.3%
Flagship Credit Auto Trust 2023-210.890% 07/15/20300.3%
US ULTRA BOND CBT Jun230.000% 06/30/20230.3%
Ballyrock CLO 23 Ltd7.048% 04/25/20360.3%
Trimble Inc6.100% 03/15/20330.2%
Panama Government International Bond2.252% 09/29/20320.2%
CenterPoint Energy Resources Corp5.400% 03/01/20330.2%
Octagon Investment Partners XVII Ltd6.255% 01/25/20310.2%
Morgan Stanley2.239% 07/21/20320.2%
Viterra Finance BV4.900% 04/21/20270.2%
Elmwood CLO 23 Ltd6.871% 04/16/20360.2%
Patterson-UTI Energy Inc5.150% 11/15/20290.2%
Booz Allen Hamilton Inc3.875% 09/01/20280.2%
Lloyds Banking Group PLC3.900% 03/12/20240.2%
CVS Health Corp5.050% 03/25/20480.2%
Cargill Inc4.000% 06/22/20320.2%
Flagship Credit Auto Trust 2023-15.010% 08/16/20270.2%
Netflix Inc6.375% 05/15/20290.2%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust1.750% 10/29/20240.2%
Vermilion Energy Inc6.875% 05/01/20300.2%
Aircastle Ltd2.850% 01/26/20280.2%
SEB Funding LLC4.969% 01/30/20520.2%
Constellation Brands Inc3.150% 08/01/20290.2%
Galaxy Xxviii Clo Ltd6.560% 07/15/20310.2%
Wells Fargo & Co2.393% 06/02/20280.2%
Metropolitan Life Global Funding I5.150% 03/28/20330.2%
Bank of America Corp3.458% 03/15/20250.2%
NGPL PipeCo LLC4.875% 08/15/20270.2%
Lending Funding Trust 2020-22.320% 04/21/20310.2%
National Fuel Gas Co3.950% 09/15/20270.2%
BX Commercial Mortgage Trust 2021-XL25.636% 10/15/20380.2%
Santander Consumer Auto Receivables Trust 2020-B7.030% 08/15/20280.2%
Connecticut Avenue Securities Trust 2022-R087.365% 07/25/20420.2%
Ford Motor Credit Co LLC7.350% 11/04/20270.2%
Humana Inc1.350% 02/03/20270.2%
Bank of America Corp1.486% 05/19/20240.2%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.2%
Enel Finance International NV0.500% 06/17/20300.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
Freddie Mac Multifamily Structured Pass Through Certificates2.580% 05/25/20320.2%
Workday Inc3.800% 04/01/20320.2%
CarMax Auto Owner Trust 2023-16.270% 11/15/20290.2%
M&T Bank Corp5.053% 01/27/20340.2%
Sasol Financing USA LLC8.750% 05/03/20290.2%
BDS 2021-FL7 Ltd6.018% 06/16/20360.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Freddie Mac Structured Agency Credit Risk Debt Notes8.065% 04/25/20430.2%
East Ohio Gas Co/The1.300% 06/15/20250.2%
Crown Castle Inc2.100% 04/01/20310.2%
Entergy Corp0.900% 09/15/20250.2%
ServiceNow Inc1.400% 09/01/20300.2%
Avant Loans Funding Trust 2022-REV16.540% 09/15/20310.2%
Connecticut Avenue Securities Trust 2023-R017.215% 12/25/20420.2%
30-YR UMBS-TBA PROD MAY6.000% 10/01/20520.2%
Elevance Health Inc2.250% 05/15/20300.2%
EIG Pearl Holdings Sarl3.545% 08/31/20360.2%
US Bancorp4.839% 02/01/20340.2%
Corp Nacional del Cobre de Chile5.125% 02/02/20330.2%
Elevance Health Inc5.500% 10/15/20320.2%
Prosus NV3.257% 01/19/20270.2%
Centene Corp2.450% 07/15/20280.2%
Minejesa Capital BV4.625% 08/10/20300.2%
Capital One Prime Auto Receivables Trust 2022-12.710% 06/16/20250.2%
Haleon US Capital LLC3.625% 03/24/20320.2%
State Street Corp4.164% 08/04/20330.2%
Freddie Mac Pool5.000% 08/01/20520.2%
Costa Rica Government International Bond6.550% 04/03/20340.2%
Ovintiv Inc6.500% 02/01/20380.2%
NOV Inc3.600% 12/01/20290.2%
Glencore Funding LLC4.875% 03/12/20290.2%
Elevance Health Inc5.125% 02/15/20530.2%
HSBC Holdings PLC3.803% 03/11/20250.2%
American Express Co4.420% 08/03/20330.2%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara3.000% 06/30/20300.2%
Wells Fargo & Co2.188% 04/30/20260.2%
Deephaven Residential Mortgage Trust 2021-31.194% 08/25/20660.2%
Antero Resources Corp5.375% 03/01/20300.2%
Broadcom Inc4.150% 04/15/20320.2%
Petroleos Mexicanos6.700% 02/16/20320.2%
Freddie Mac Pool4.500% 08/01/20520.2%
Fannie Mae Pool2.500% 06/01/20510.2%
BX Commercial Mortgage Trust 2021-ACNT5.798% 11/15/20380.2%
30-YR UMBS-TBA PROD MAY5.000% 12/01/20520.2%
UBS Group AG1.494% 08/10/20270.2%
CarMax Auto Owner Trust 2023-14.980% 01/16/20290.2%
MTN Commercial Mortgage Trust 2022-LPFL6.286% 03/15/20390.2%
Citigroup Mortgage Loan Trust 2022-INV13.000% 11/27/20510.2%
Wells Fargo & Co3.350% 03/02/20330.2%
Constellation Energy Generation LLC6.250% 10/01/20390.2%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.2%
Fannie Mae Pool5.000% 08/01/20520.2%
COMM 2014-CCRE17 Mortgage Trust4.174% 05/10/20470.2%
Bain Capital Credit CLO 2021-1 Ltd6.322% 04/18/20340.2%
Connecticut Avenue Securities Trust 2023-R027.115% 01/25/20430.2%
ACRES Commercial Realty 2021-FL2 Ltd6.348% 01/15/20370.2%
SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.2%
Bank of New York Mellon Corp/The4.967% 04/26/20340.2%
Connecticut Avenue Securities Trust 2022-R056.715% 04/25/20420.2%
nVent Finance Sarl4.550% 04/15/20280.2%
Southwest Gas Corp4.050% 03/15/20320.2%
Carlyle Global Market Strategies CLO 2014-3-R Ltd6.342% 07/27/20310.2%
Exeter Automobile Receivables Trust 2022-34.860% 12/15/20260.2%
30-YR GNMA II-TBA PROD MAY3.000% 01/01/20520.2%
BlueMountain CLO XXXI Ltd6.415% 04/19/20340.2%
Signal Peak CLO 8 Ltd6.520% 04/20/20330.2%
Ares XLII Clo Ltd6.773% 01/22/20280.2%
Fannie Mae Pool2.500% 12/01/20510.2%
Great Wolf Trust 2019-WOLF6.637% 12/15/20360.2%
TransDigm Inc4.625% 01/15/20290.2%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.2%
Medline Borrower LP8.275% 10/23/20280.2%
30-YR GNMA II-TBA PROD MAY4.500% 12/01/20520.2%
Macquarie Bank Ltd3.624% 06/03/20300.2%
NRG Energy Inc4.450% 06/15/20290.2%
Fannie Mae Pool4.000% 06/01/20520.2%
Fannie Mae Pool2.500% 01/01/20510.2%
Affirm Asset Securitization Trust 2022-A4.300% 05/17/20270.2%
COMM 2015-LC21 Mortgage Trust4.043% 07/10/20480.2%
Octagon Investment Partners XV Ltd6.235% 07/19/20300.2%
BHMS 2018-ATLS6.848% 07/15/20350.2%
Freddie Mac STACR REMIC Trust 2022-HQA16.915% 03/25/20420.2%
BX Trust 2021-ARIA7.192% 10/15/20360.2%
American Tower Corp2.950% 01/15/20250.2%
MF1 2022-FL8 Ltd6.132% 02/19/20370.2%
Ford Credit Auto Lease Trust 2023-A5.290% 06/15/20260.2%
Tenet Healthcare Corp6.125% 10/01/20280.2%
State of Illinois5.100% 06/01/20330.2%
Verus Securitization Trust 2021-51.013% 09/25/20660.2%
Avolon Holdings Funding Ltd2.125% 02/21/20260.1%
Texas Natural Gas Securitization Finance Corp5.102% 04/01/20350.1%
Fannie Mae Pool3.500% 04/01/20520.1%
US Bancorp4.967% 07/22/20330.1%
Callon Petroleum Co8.000% 08/01/20280.1%
TK Elevator US Newco Inc5.250% 07/15/20270.1%
BlueMountain CLO 2013-2 Ltd6.453% 10/22/20300.1%
Caesars Entertainment Inc4.625% 10/15/20290.1%
Tencent Holdings Ltd3.925% 01/19/20380.1%
GS Mortgage-Backed Securities Trust 2021-PJ22.500% 07/25/20510.1%
Santander Drive Auto Receivables Trust 2022-54.740% 10/16/20280.1%
Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer Inc4.375% 10/15/20280.1%
Occidental Petroleum Corp6.625% 09/01/20300.1%
Bombardier Inc6.000% 02/15/20280.1%
Ford Motor Co3.250% 02/12/20320.1%
Baytex Energy Corp8.750% 04/01/20270.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Cloud Software Group Inc6.500% 03/31/20290.1%
GS Mortgage Securities Corp Trust 2023-FUN6.981% 03/15/20280.1%
Honeywell International Inc4.125% 11/02/20340.1%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.1%
International Business Machines Corp3.750% 02/06/20350.1%
Connecticut Avenue Securities Trust 2022-R067.565% 05/25/20420.1%
Global Payments Inc4.000% 06/01/20230.1%
Fannie Mae Pool2.500% 12/01/20510.1%
Post Road Equipment Finance 2022-14.880% 11/15/20280.1%
Chart Industries Inc9.500% 01/01/20310.1%
GS Mortgage-Backed Securities Trust 2023-PJ13.500% 02/25/20530.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Navient Corp5.500% 03/15/20290.1%
Bank of New York Mellon Corp/The4.596% 07/26/20300.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
CNX Midstream Partners LP4.750% 04/15/20300.1%
Allegiant Travel Co7.250% 08/15/20270.1%
Dryden 36 Senior Loan Fund6.698% 04/15/20290.1%
7-Eleven Inc0.800% 02/10/20240.1%
Kenvue Inc5.050% 03/22/20530.1%
TICP CLO IX Ltd6.390% 01/20/20310.1%
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl4.625% 06/01/20280.1%
OCP SA3.750% 06/23/20310.1%
OneMain Financial Issuance Trust 2020-21.750% 09/14/20350.1%
Earthstone Energy Holdings LLC8.000% 04/15/20270.1%
Royal Bank of Canada6.000% 11/01/20270.1%
Freddie Mac Pool5.000% 08/01/20520.1%
LoanCore 2022-CRE7 Issuer Ltd6.300% 01/17/20370.1%
OneMain Finance Corp6.625% 01/15/20280.1%
Rad CLO 6 Ltd6.630% 01/20/20330.1%
Anglo American Capital PLC4.000% 09/11/20270.1%
Lendmark Funding Trust 2022-15.120% 07/20/20320.1%
NCL Corp Ltd5.875% 02/15/20270.1%
ModivCare Escrow Issuer Inc5.000% 10/01/20290.1%
Mitsubishi UFJ Financial Group Inc5.541% 04/17/20260.1%
CVS Health Corp1.750% 08/21/20300.1%
SMRT 2022-MINI5.890% 01/15/20390.1%
United States Steel Corp6.875% 03/01/20290.1%
Indiana Michigan Power Co5.625% 04/01/20530.1%
OneMain Direct Auto Receivables Trust 2019-14.190% 11/14/20280.1%
BNP Paribas SA4.375% 03/01/20330.1%
Discover Bank4.682% 08/09/20280.1%
DISH Network Corp11.750% 11/15/20270.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Bain Capital Credit CLO 2018-26.345% 07/19/20310.1%
Prestige Auto Receivables Trust 2021-13.470% 03/15/20290.1%
Freddie Mac STACR REMIC Trust 2021-HQA35.665% 09/25/20410.1%
Danske Bank A/S5.375% 01/12/20240.1%
Morgan Stanley5.050% 01/28/20270.1%
Freddie Mac Structured Agency Credit Risk Debt Notes7.465% 07/25/20420.1%
National Fuel Gas Co5.500% 01/15/20260.1%
International Business Machines Corp1.500% 05/23/20290.1%
Diamondback Energy Inc3.125% 03/24/20310.1%
CPS Auto Receivables Trust 2020-B7.380% 06/15/20270.1%
Gap Inc/The3.875% 10/01/20310.1%
Exeter Automobile Receivables Trust 2020-27.190% 09/15/20270.1%
US LONG BOND(CBT) Jun230.000% 06/30/20230.1%
Ready Capital Mortgage Financing 2022-FL8 LLC6.465% 01/25/20370.1%
Gulfport Energy Corp8.000% 05/17/20260.1%
Magnetite VII Ltd6.060% 01/15/20280.1%
National Australia Bank Ltd3.933% 08/02/20340.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
F&G Global Funding5.150% 07/07/20250.1%
Connecticut Avenue Securities Trust 2019-R059.120% 07/25/20390.1%
Crescent Energy Finance LLC9.250% 02/15/20280.1%
Senegal Government International Bond6.250% 05/23/20330.1%
American Airlines Inc7.250% 02/15/20280.1%
CHS/Community Health Systems Inc5.625% 03/15/20270.1%
Stars Group Holdings BV7.409% 07/21/20260.1%
30-YR UMBS-TBA PROD MAY4.000% 11/01/20520.1%
Novelis Corp3.875% 08/15/20310.1%
Life Time Inc5.750% 01/15/20260.1%
Permian Resources Operating LLC7.750% 02/15/20260.1%
Aviation Capital Group LLC5.500% 12/15/20240.1%
American Airlines Inc11.750% 07/15/20250.1%
GM Financial Automobile Leasing Trust 2022-22.930% 10/21/20240.1%
Verus Securitization Trust 2020-41.502% 05/25/20650.1%
Fannie Mae Pool2.500% 05/01/20520.1%
Calpine Corp5.125% 03/15/20280.1%
BellRing Brands Inc7.000% 03/15/20300.1%
Standard Industries Inc/NJ4.375% 07/15/20300.1%
Spirit AeroSystems Inc9.375% 11/30/20290.1%
Owens-Brockway Glass Container Inc6.625% 05/13/20270.1%
Garda World Security Corp7.750% 02/15/20280.1%
SM Energy Co6.625% 01/15/20270.1%
Santander Drive Auto Receivables Trust 2023-15.090% 05/15/20300.1%
NRG Energy Inc5.250% 06/15/20290.1%
Rockcliff Energy II LLC5.500% 10/15/20290.1%
BankUnited Inc5.125% 06/11/20300.1%
Post Holdings Inc4.625% 04/15/20300.1%
Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.1%
Kinder Morgan Energy Partners LP4.250% 09/01/20240.1%
Santander Drive Auto Receivables Trust 2023-14.980% 02/15/20280.1%
Oglethorpe Power Corp5.950% 11/01/20390.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
Freddie Mac Pool2.500% 11/01/20500.1%
Vistra Operations Co LLC6.698% 12/31/20250.1%
Eskom Holdings SOC Ltd7.125% 02/11/20250.1%
PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.1%
Comstock Resources Inc6.750% 03/01/20290.1%
Freddie Mac Pool5.000% 07/01/20520.1%
Royal Caribbean Cruises Ltd5.375% 07/15/20270.1%
Verus Securitization Trust 2021-81.824% 11/25/20660.1%
Marlette Funding Trust 2021-31.300% 12/15/20310.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.875% 01/16/20240.1%
Charter Communications Operating LLC6.721% 02/01/20270.1%
Fannie Mae Pool2.500% 12/01/20510.1%
BFLD 2019-DPLO7.544% 10/15/20340.1%
BRAVO Residential Funding Trust 2021-NQM20.970% 03/25/20600.1%
Westlake Automobile Receivables Trust 2021-13.910% 09/15/20270.1%
Asbury Automotive Group Inc5.000% 02/15/20320.1%
Fannie Mae Pool3.500% 07/01/20450.1%
Mileage Plus Holdings LLC10.213% 06/21/20270.1%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.1%
Ford Credit Auto Lease Trust 2023-A5.540% 12/15/20260.1%
Royal Caribbean Cruises Ltd8.250% 01/15/20290.1%
Fannie Mae Pool3.000% 12/01/20480.1%
TCW CLO 2022-1 Ltd6.411% 04/22/20330.1%
Rockford Tower CLO 2018-1 Ltd6.015% 05/20/20310.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
Viterra Finance BV3.200% 04/21/20310.1%
Morgan Stanley4.000% 07/23/20250.1%
Gray Escrow II Inc5.375% 11/15/20310.1%
Fluor Corp4.250% 09/15/20280.1%
Westlake Automobile Receivables Trust 2023-15.740% 08/15/20280.1%
HGI CRE CLO 2021-FL2 Ltd6.448% 09/17/20360.1%
Centene Corp4.250% 12/15/20270.1%
Penn Entertainment Inc4.125% 07/01/20290.1%
Mercer International Inc5.125% 02/01/20290.1%
Amur Equipment Finance Receivables IX LLC2.300% 11/22/20270.1%
Turkiye Ihracat Kredi Bankasi AS9.375% 01/31/20260.1%
Morgan Stanley2.484% 09/16/20360.1%
Frontier Communications Holdings LLC5.000% 05/01/20280.1%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Avid Automobile Receivables Trust 2021-13.390% 04/17/20280.1%
CARLYLE US CLO 2019-1 LTD6.330% 04/20/20310.1%
Bain Capital Credit CLO 2019-26.360% 10/17/20320.1%
Connecticut Avenue Securities Trust 2023-R028.165% 01/25/20430.1%
VICI Properties LP / VICI Note Co Inc5.625% 05/01/20240.1%
CSMC 2021-BHAR6.948% 11/15/20380.1%
Venture Global Calcasieu Pass LLC4.125% 08/15/20310.1%
Freddie Mac Pool3.500% 02/01/20460.1%
Romark CLO Ltd6.923% 10/23/20300.1%
Macquarie Group Ltd2.691% 06/23/20320.1%
Fannie Mae Pool4.000% 05/01/20520.1%
T-Mobile USA Inc3.500% 04/15/20250.1%
Vital Energy Inc9.500% 01/15/20250.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
Daimler Truck Finance North America LLC5.200% 01/17/20250.1%
180 Medical Inc3.875% 10/15/20290.1%
Danske Bank A/S4.375% 06/12/20280.1%
GS Mortgage Securities Corp Trust 2019-70P6.268% 10/15/20360.1%
Fannie Mae Pool5.000% 07/01/20520.1%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.1%
PDC Energy Inc5.750% 05/15/20260.1%
Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.1%
Flagship Credit Auto Trust 2019-33.840% 12/15/20260.1%
Fannie Mae Pool2.000% 06/01/20510.1%
Carlyle Global Market Strategies CLO 2015-1 Ltd6.230% 07/20/20310.1%
Perimeter Master Note Business Trust7.060% 05/15/20240.1%
Aqua Finance Trust 2021-A1.540% 07/17/20460.1%
Santander Consumer Auto Receivables Trust 2021-A5.790% 08/15/20280.1%
Cedar Funding V CLO Ltd6.360% 07/17/20310.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2020-MKST7.448% 12/15/20360.1%
Fannie Mae Pool2.500% 09/01/20510.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.1%
Fannie Mae Pool2.500% 08/01/20510.1%
Fannie Mae Pool5.000% 07/01/20520.1%
Alcoa Nederland Holding BV6.125% 05/15/20280.1%
GS Mortgage Securities Corp Trust 2022-AGSS7.084% 08/15/20390.1%
British Airways 2020-1 Class A Pass Through Trust4.250% 05/15/20340.1%
Freddie Mac STACR REMIC Trust 2021-HQA45.765% 12/25/20410.1%
EPR Properties4.950% 04/15/20280.1%
Microchip Technology Inc4.333% 06/01/20230.1%
Texas Debt Capital CLO 2023-I Ltd6.848% 04/20/20360.1%
Fannie Mae Pool4.000% 05/01/20520.0%
Fannie Mae Pool3.000% 01/01/20510.0%
COMM 2014-UBS4 Mortgage Trust4.869% 08/10/20470.0%
Fannie Mae Pool2.000% 11/01/20510.0%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.0%
Lending Funding Trust 2020-26.770% 04/21/20310.0%
Delta Air Lines Inc7.000% 05/01/20250.0%
Metropolitan Life Global Funding I4.050% 08/25/20250.0%
Lendmark Funding Trust 2021-24.460% 04/20/20320.0%
Grippen Park CLO Ltd6.900% 01/20/20300.0%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.0%
Bank of America Corp2.087% 06/14/20290.0%
NGPL PipeCo LLC3.250% 07/15/20310.0%
COMM 2015-DC1 Mortgage Trust4.438% 02/10/20480.0%
GS Mortgage Securities Corp Trust 2019-SMP6.448% 08/15/20320.0%
Great Wolf Trust 2019-WOLF6.038% 12/15/20360.0%
Barings CLO Ltd 2019-III6.320% 04/20/20310.0%
Avolon Holdings Funding Ltd3.950% 07/01/20240.0%
Molina Healthcare Inc3.875% 11/15/20300.0%
Upstart Securitization Trust 2021-21.750% 06/20/20310.0%
Bank of America Corp3.384% 04/02/20260.0%
Tricolor Auto Securitization Trust 2021-13.230% 09/15/20260.0%
Protective Life Corp8.450% 10/15/20390.0%
Perimeter Master Note Business Trust4.170% 12/15/20260.0%
Sprint Capital Corp8.750% 03/15/20320.0%
Mariner Finance Issuance Trust 2021-A5.400% 03/20/20360.0%
KIND Trust 2021-KIND7.304% 08/15/20380.0%
ONE Gas Inc1.100% 03/11/20240.0%
Marble Point CLO XVII Ltd6.550% 04/20/20330.0%
Avolon Holdings Funding Ltd5.250% 05/15/20240.0%
30-YR UMBS-TBA PROD MAY6.500% 11/01/20520.0%
CIFC Funding 2014-V Ltd6.460% 10/17/20310.0%
CS Master Trust8.897% 04/15/20250.0%
Lamb Weston Holdings Inc4.125% 01/31/20300.0%
Assurant Inc2.650% 01/15/20320.0%
Citigroup Inc4.140% 05/24/20250.0%
TRTX 2019-FL3 Issuer Ltd7.104% 10/15/20340.0%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.0%
Commercial Metals Co4.125% 01/15/20300.0%
Park Aerospace Holdings Ltd5.500% 02/15/20240.0%
Cellnex Finance Co SA3.875% 07/07/20410.0%
Wells Fargo Commercial Mortgage Trust 2013-LC124.426% 07/15/20460.0%
Apidos CLO XXVI6.762% 07/18/20290.0%
Cheniere Energy Partners LP3.250% 01/31/20320.0%
Live Nation Entertainment Inc3.750% 01/15/20280.0%
Jamestown CLO VI-R Ltd6.405% 04/25/20300.0%
Hilton Domestic Operating Co Inc4.875% 01/15/20300.0%
Alcoa Nederland Holding BV4.125% 03/31/20290.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC7.655% 09/15/20290.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC8.355% 09/15/20290.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC9.355% 09/15/20290.0%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC10.355% 09/15/20290.0%
LPL Holdings Inc6.653% 11/12/20260.0%
Mariner Finance Issuance Trust 2021-B4.680% 11/20/20360.0%
Baxalta Inc4.000% 06/23/20250.0%
Fannie Mae Pool2.000% 11/01/20510.0%
California Resources Corp7.125% 02/01/20260.0%
Fannie Mae Pool3.500% 09/01/20510.0%
Cigna Group/The4.375% 10/15/20280.0%
Aviation Capital Group LLC1.950% 01/30/20260.0%
BBCMS 2019-BWAY Mortgage Trust6.614% 11/15/20340.0%
Assurant Inc3.700% 02/22/20300.0%
BBCMS 2019-BWAY Mortgage Trust5.960% 11/15/20340.0%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.0%
CSMC 2020-NQM1 Trust1.208% 05/25/20650.0%
Verus Securitization Trust 2020-51.218% 05/25/20650.0%
Levi Strauss & Co3.500% 03/01/20310.0%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.0%
Generate CLO 2 Ltd6.423% 01/22/20310.0%
Mountain View CLO 2017-1 LLC7.010% 10/16/20290.0%
OneMain Financial Issuance Trust 2020-23.450% 09/14/20350.0%
US 2YR NOTE (CBT) Jun230.000% 07/06/20230.0%
Bayer Corp/NJ6.650% 02/15/20280.0%
CF Trust 2019-BOSS8.198% 12/15/20240.0%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC6.755% 09/15/20290.0%
Occidental Petroleum Corp6.125% 01/01/20310.0%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.0%
CPS Auto Receivables Trust 2020-B4.750% 04/15/20260.0%
Western Alliance Bancorp3.000% 06/15/20310.0%
Hecla Mining Co7.250% 02/15/20280.0%
Credit Index Swap5.000% 06/20/20280.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.0%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.0%
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd7.898% 05/15/20360.0%
Sri Lanka Government International Bond5.875% 07/25/20220.0%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.0%
BAMLL Commercial Mortgage Securities Trust 2019-AHT6.548% 03/15/20340.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
GS Mortgage Securities Corp Trust 2018-RIVR5.898% 07/15/20350.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
BBCMS 2019-BWAY Mortgage Trust6.314% 11/15/20340.0%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.0%
FX EUR/USD 06/230.000% 06/13/20230.0%
Natixis Commercial Mortgage Securities Trust 2018-285M3.917% 11/15/20320.0%
COMM 2014-UBS6 Mortgage Trust4.349% 12/10/20470.0%
Natixis Commercial Mortgage Securities Trust 2018-285M3.917% 11/15/20320.0%
Verus Securitization Trust 2020-12.417% 01/25/20600.0%
GS Mortgage Securities Trust 2014-GC264.664% 11/10/20470.0%
Ellington Financial Mortgage Trust 2020-21.178% 10/25/20650.0%
BBCMS 2018-TALL Mortgage Trust7.535% 03/15/20370.0%
Credit Suisse Mortgage Capital Certificates1.616% 04/25/20650.0%
FX EUR/USD 06/230.000% 06/13/20230.0%
SG Commercial Mortgage Securities Trust 2019-787E0.456% 02/15/20410.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN6.218% 11/15/20350.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN6.548% 11/15/20350.0%
JPMBB Commercial Mortgage Securities Trust 2015-C304.371% 07/15/20480.0%
COMM 2015-PC1 Mortgage Trust4.434% 07/10/20500.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
FX USD/CAD 07/230.000% 07/20/20230.0%
Government National Mortgage Association2.650% 11/16/20500.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.931% 06/10/20270.0%
EURO-BOBL FUTURE Jun230.000% 06/12/20230.0%
EURO-BUND FUTURE Jun230.000% 06/12/20230.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
US 5YR NOTE (CBT) Jun230.000% 07/06/20230.0%
US 10YR NOTE (CBT)Jun230.000% 06/30/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
US 10yr Ultra Fut Jun230.000% 06/30/2023-0.1%
LAC0.010% 05/01/2023-0.9%

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 06/08/2023
$0.26634
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2023 $0.05562 $12.80
Daily Daily 04/30/2023 $0.05466 $13.01
Daily Daily 03/31/2023 $0.05572 $12.99
Daily Daily 02/28/2023 $0.05025 $12.76
Daily Daily 01/31/2023 $0.05009 $13.11

Upcoming Dividend Payment Dates

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

Yield

Yield

Dividend Yield as of 06/08/2023  

  Subsidized Un-Subsidized
w/o sales charge 5.22% 5.21%

30-Day Standardized Yield as of 05/31/2023  

Subsidized Un-Subsidized
5.23% 5.22%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 05/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.49% 0.48%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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Statutory Prospectus
Publish Date:11/03/2015
SAI
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Annual Report
Publish Date:11/03/2015
Semi-Annual Report
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There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

3

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

 

4

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

 

5

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

 

6

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

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance. Past performance is no guarantee of future results.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class I - SEC Returns reflect performance for Class I shares at Net Asset Value.

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

 

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

 

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

 

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

 

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

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

 

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

 

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

 

 

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

 

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

 

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

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

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