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Core Plus Bond Fund

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

$15.15

arrowUp$0.03

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

0.60%

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 3.83% 3.39%

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

  Subsidized3 Un-Subsidized4
w/o sales charge 3.46% 3.37%

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
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.92%
Fund Net Expense Ratio
0.48%
Number of Holdings
675
Minimum Initial Investment
$1,000,000+

+Minimum Exceptions, Click here.

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 These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").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 0.92%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.15% 4.09% 3.39% - - 4.08%
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% - - 4.43%

Fund Expense Ratio :

Gross 0.92%

Net 0.48%

Fund Expense Ratio :

Gross 0.92%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -3.45% 2.19% 2.91% - - 3.59%
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% - - 4.09%

Fund Expense Ratio :

Gross 0.92%

Net 0.48%

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 3.83% 3.39%

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

  Subsidized5 Un-Subsidized6
w/o sales charge 3.46% 3.37%

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

Fund Expense Ratio :

Gross 0.92%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.15% 4.09% 3.39% - - 4.08%
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% - - 4.43%

Fund Expense Ratio :

Gross 0.92%

Net 0.48%

Fund Expense Ratio :

Gross 0.92%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -3.45% 2.19% 2.91% - - 3.59%
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% - - 4.09%

Fund Expense Ratio :

Gross 0.92%

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.

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 APR3.000% 05/01/20495.7%
Japan Treasury Discount Bill0.000% 04/13/20204.9%
30-YR UMBS-TBA PROD APR4.000% 08/01/20494.7%
U.S. Treasury Note/Bond0.500% 03/31/20252.3%
United States Treasury Floating Rate Note0.118% 04/30/20202.2%
30-YR GNMA II-TBA PROD APR3.500% 06/01/20492.2%
U.S. Treasury Note0.625% 04/15/20232.2%
U.S. Treasury Note/Bond2.000% 02/15/20501.7%
U.S. Treasury Note/Bond3.625% 08/15/20431.7%
Federal National Mortgage Assoc.3.500% 09/01/20471.4%
30-YR UMBS-TBA PROD APR3.500% 07/01/20491.3%
Federal National Mortgage Assoc.3.500% 08/01/20471.2%
UBS AG Registered Shares5.125% 05/15/20240.9%
Bank of America Corp.3.593% 07/21/20280.9%
Federal National Mortgage Assoc.3.500% 10/01/20470.8%
Federal National Mortgage Assoc.3.500% 03/01/20500.8%
Federal National Mortgage Assoc.3.500% 08/01/20470.7%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.7%
Time Warner Cable LLC7.300% 07/01/20380.7%
American Express Credit Account Master Trust1.770% 11/15/20220.7%
VMC Finance 2019-FL3 LLC1.900% 09/15/20360.6%
AT&T, Inc.6.000% 08/15/20400.6%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.6%
AmeriCredit Automobile Receivables Trust 2020-11.480% 01/21/20250.6%
General Motors Co.6.600% 04/01/20360.6%
Government National Mortgage Association1.850% 01/16/20530.6%
Anheuser-Busch InBev Worldwide, Inc.4.750% 01/23/20290.5%
General Electric Co.5.000% 12/31/20990.5%
GS Mortgage Securities Corp Trust 2019-70P1.705% 10/15/20360.5%
JPMorgan Chase & Co.3.782% 02/01/20280.5%
AbbVie, Inc.4.250% 11/21/20490.5%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.5%
Santander Drive Auto Receivables Trust 2018-53.810% 12/16/20240.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
World Omni Auto Receivables Trust 2018-D3.440% 12/16/20240.5%
Nvent Finance Sarl4.550% 04/15/20280.5%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.5%
Cox Communications, Inc.8.375% 03/01/20390.4%
BAT Capital Corp4.390% 08/15/20370.4%
Atrium Hotel Portfolio Trust 2017-ATRM1.635% 12/15/20360.4%
Discover Card Execution Note Trust0.975% 12/15/20230.4%
CSAIL 2016-C7 Commercial Mortgage Trust4.387% 11/15/20490.4%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.4%
CPS Auto Trust4.610% 12/15/20220.4%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.4%
First Investors Auto Owner Trust 2019-13.020% 03/17/20250.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
PSEG Power LLC8.625% 04/15/20310.4%
Toyota Motor Credit Corp.1.753% 05/22/20200.4%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.4%
Wabtec Corp.4.700% 09/15/20280.4%
Chesapeake Funding II LLC2.940% 04/15/20310.4%
Wells Fargo Capital X5.950% 12/01/20860.4%
CVS Caremark Corp.4.780% 03/25/20380.4%
LoanCore 2019-CRE3 Issuer Ltd1.755% 04/15/20340.4%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.4%
EPR Properties4.950% 04/15/20280.4%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.4%
JP Morgan Chase Commercial Mortgage Securities Tru1.705% 06/15/20320.4%
GS Mortgage Securities Corp Trust 2018-HULA1.625% 07/15/20250.4%
DTE Electric Co2.625% 03/01/20310.3%
BMW Vehicle Owner Trust 2019-A2.050% 05/25/20220.3%
Goldman Sachs Group, Inc.6.250% 02/01/20410.3%
NextGear Floorplan Master Owner Trust2.560% 10/17/20220.3%
Capital Auto Receivables Asset Trust 2018-23.270% 06/20/20230.3%
U.S. Treasury Note/Bond2.375% 11/15/20490.3%
HCA, Inc.5.500% 06/15/20470.3%
GS Mortgage Securities Corp Trust 2019-70P2.025% 10/15/20360.3%
Verizon Communications, Inc.3.010% 05/15/20250.3%
U.S. Treasury Note/Bond1.500% 02/15/20300.3%
Netflix, Inc.6.375% 05/15/20290.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
American Express Credit Account Master Trust3.070% 10/15/20240.3%
COMM 2014-UBS4 Mortgage Trust4.707% 08/10/20470.3%
Capital One Prime Auto Receivables Trust 2019-22.060% 09/15/20220.3%
AT&T, Inc.6.250% 03/29/20410.3%
CF Trust 2019-MF12.950% 08/21/20320.3%
Drive Auto Receivables Trust 2019-14.090% 06/15/20260.3%
Amur Equipment Finance Receivables V LLC3.740% 04/22/20240.3%
Alibaba Group Holding Ltd.3.600% 11/28/20240.3%
National Australia Bank Ltd.3.933% 08/02/20340.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
KVK CLO 2016-1 Ltd4.081% 01/15/20290.3%
Fifth Third Auto Trust 2019-12.660% 05/16/20220.3%
Tencent Holdings Ltd.3.595% 01/19/20280.3%
Kayne CLO 7 Ltd0.000% 04/17/20330.3%
GS Mortgage Securities Corp Trust 2019-SMP1.855% 08/15/20320.3%
Ally Financial, Inc.8.000% 11/01/20310.3%
Credit Suisse Commercial Mortgage Securities Corp1.955% 01/15/20340.3%
Drive Auto Receivables Trust4.180% 03/15/20240.3%
Oglethorpe Power Corp.5.950% 11/01/20390.3%
CPS Auto Receivables Trust 2019-A4.350% 12/16/20240.3%
Qatar Government International Bond3.250% 06/02/20260.3%
Anglo American Capital plc4.750% 04/10/20270.3%
COMM 2015-DC1 Mortgage Trust4.311% 02/10/20480.3%
Saudi Arabian Oil Co2.875% 04/16/20240.3%
Westlake Automobile Receivables Trust 2018-33.320% 10/16/20230.3%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.2%
Federal National Mortgage Assoc.4.000% 01/01/20480.2%
Morgan Stanley3.625% 01/20/20270.2%
AES Corp.5.125% 09/01/20270.2%
Westlake Automobile Receivables Trust 2020-12.520% 04/15/20250.2%
Citigroup, Inc.2.666% 01/29/20310.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Mexichem SAB de CV4.875% 09/19/20220.2%
Discover Bank4.682% 08/09/20280.2%
Emera US Finance L.P.4.750% 06/15/20460.2%
Universal Health Services, Inc.5.000% 06/01/20260.2%
Nigeria Government International Bond6.375% 07/12/20230.2%
American Express Credit Account Master Trust2.860% 11/15/20240.2%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.2%
Westlake Automobile Receivables Trust 2019-13.260% 10/17/20220.2%
Drive Auto Receivables Trust4.160% 05/15/20240.2%
ME Funding LLC 2019-16.448% 07/30/20490.2%
Wells Fargo Commercial Mortgage Trust4.283% 07/15/20460.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
CPS Auto Receivables Trust 2020-A2.900% 12/15/20250.2%
Perimeter Master Note Business Trust6.020% 12/15/20220.2%
Textainer Marine Containers VII Ltd4.110% 07/20/20430.2%
AT&T, Inc.3.067% 06/12/20240.2%
CPS Auto Receivables Trust 2019-B5.000% 03/17/20250.2%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.2%
Imperial Tobacco Finance plc3.875% 07/26/20290.2%
M360 2019-CRE2 LLC2.555% 09/15/20340.2%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.2%
Aircastle Ltd.4.250% 06/15/20260.2%
Triton Container Finance VI LLC4.190% 06/22/20430.2%
Great Wolf Trust 2019-WOLF1.739% 12/15/20360.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
PFP 2019-6 Ltd2.405% 04/14/20370.2%
Ammc Clo 19 Ltd.3.631% 10/16/20280.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
Petroleos Mexicanos4.500% 01/23/20260.2%
Goldman Sachs Group, Inc.2.660% 02/23/20230.2%
GS Mortgage Securities Corp Trust 2019-70P0.506% 10/15/20360.2%
Foursight Capital Automobile Receivables Trust 2015.560% 01/16/20240.2%
GS Mortgage Securities Corp Trust 2019-SMP2.205% 08/15/20320.2%
Octagon Investment Partners 30 Ltd3.519% 03/17/20300.2%
Sprint Capital Corp.6.875% 11/15/20280.2%
Navient Corp.6.750% 06/25/20250.2%
Lithia Motors, Inc.4.625% 12/15/20270.2%
Ammc Clo 19 Ltd.4.381% 10/16/20280.2%
Carmax Auto Owner Trust 2019-42.320% 07/15/20250.2%
Bahamas Government International Bond6.000% 11/21/20280.2%
CF Industries, Inc.4.950% 06/01/20430.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.2%
Kraft Heinz Foods Co.4.375% 06/01/20460.2%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.2%
First Investors Auto Owner Trust 2019-22.710% 12/15/20250.2%
Saudi Government International Bond3.625% 03/04/20280.2%
Federal National Mortgage Assoc.3.500% 08/01/20470.2%
NRG Energy, Inc.4.450% 06/15/20290.2%
Sunac China Holdings Ltd7.875% 02/15/20220.2%
E*TRADE Financial Corp.5.875% 12/31/20990.2%
Protective Life Corp.8.450% 10/15/20390.2%
CPS Auto Receivables Trust 2019-D2.350% 11/15/20230.2%
CPS Auto Receivables Trust 2019-D2.540% 08/15/20240.2%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.2%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.2%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.2%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.2%
Mattel, Inc.6.750% 12/31/20250.2%
Chesapeake Funding II LLC1.990% 05/15/20290.2%
Ford Motor Co.7.450% 07/16/20310.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
Marble Point CLO XVII Ltd2.196% 04/20/20330.2%
Benchmark 2019-B12 Mortgage Trust3.440% 08/15/20520.2%
Coty, Inc.6.500% 04/15/20260.2%
General Electric Co.1.741% 03/15/20230.2%
Kenya Government International Bond7.000% 05/22/20270.2%
Stanley Black & Decker, Inc.4.000% 03/15/20600.2%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.2%
General Electric Co.6.150% 08/07/20370.2%
Jamestown CLO VI-R Ltd2.944% 04/25/20300.2%
World Omni Auto Receivables Trust 2017-A1.930% 09/15/20220.2%
DISH DBS Corp.7.750% 07/01/20260.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Federal National Mortgage Assoc.3.500% 09/01/20470.2%
Drive Auto Receivables Trust 2019-42.700% 02/16/20270.2%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.2%
Avolon Holdings Funding Ltd5.250% 05/15/20240.2%
Tenet Healthcare Corp.7.000% 08/01/20250.2%
Natixis Commercial Mortgage Securities Trust 2019-0.633% 10/15/20360.2%
Citigroup, Inc.3.980% 03/20/20300.2%
Shimao Property Holdings Ltd.4.750% 07/03/20220.2%
Boyd Gaming Corp.6.000% 08/15/20260.2%
Minerva Luxembourg SA5.875% 01/19/20280.2%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.2%
Drive Auto Receivables Trust 2019-42.320% 06/15/20220.2%
Valero Energy Corp.10.500% 03/15/20390.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Roper Industries, Inc.3.650% 09/15/20230.2%
COMM Mortgage Trust4.435% 07/10/20500.2%
Tesla Motors, Inc.5.300% 08/15/20250.2%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.1%
Owens Corning4.300% 07/15/20470.1%
Global Atlantic Fin Co4.400% 10/15/20290.1%
Occidental Petroleum Corp.7.875% 09/15/20310.1%
Egypt Government International Bond6.588% 02/21/20280.1%
Ukraine Government7.750% 09/01/20230.1%
CF Trust 2019-MF12.650% 08/21/20320.1%
Newell Rubbermaid, Inc.5.625% 04/01/20360.1%
JD.com, Inc.3.375% 01/14/20300.1%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Goodman US Finance Three LLC3.700% 03/15/20280.1%
Carvana Auto Receivables Trust 2019-32.420% 04/15/20220.1%
Park Aerospace Holdings Ltd5.500% 02/15/20240.1%
TCF Auto Receivables Owner Trust 2016-PT11.930% 06/15/20220.1%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.1%
Prestige Auto Receivables Trust 2017-13.610% 10/16/20230.1%
Dominion Resources, Inc.3.375% 04/01/20300.1%
Performance Food Group, Inc.5.500% 10/15/20270.1%
BBCMS 2019-BWAY Mortgage Trust2.315% 11/25/20340.1%
JPMorgan Chase & Co.4.000% 12/31/20990.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
Exelon Generation Co. LLC5.750% 10/01/20410.1%
Trimble Navigation Ltd.4.900% 06/15/20280.1%
TRTX 2019-FL3 Issuer Ltd2.712% 09/15/20340.1%
Michigan Fin Auth3.084% 12/01/20340.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Listrindo Capital BV4.950% 09/14/20260.1%
Centene Corp.3.375% 02/15/20300.1%
World Omni Automobile Lease Securitization Trust 22.890% 11/15/20210.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
Ecopetrol S.A.4.125% 01/16/20250.1%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.1%
PFP 2019-6 Ltd2.805% 04/14/20370.1%
AbbVie, Inc.2.545% 11/21/20220.1%
COMM Mortgage Trust3.902% 07/10/20500.1%
Carlisle Cos., Inc.2.750% 03/01/20300.1%
Westpac Banking Corp.4.110% 07/24/20340.1%
Sherwin-Williams Co.0.000% 04/01/20200.1%
JP Morgan Chase Commercial Mortgage Securities Cor2.455% 09/15/20290.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Ameren Corp.3.500% 01/15/20310.1%
World Omni Automobile Lease Securitization Trust 22.830% 07/15/20210.1%
JP Morgan Chase Commercial Mortgage Securities Cor3.355% 09/15/20290.1%
Spirit Realty LP3.400% 01/15/20300.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
JP Morgan Chase Commercial Mortgage Securities Tru2.005% 06/15/20320.1%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.1%
Visa, Inc.1.900% 04/15/20270.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Japan Bank for International Cooperation/Japan2.125% 02/10/20250.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
JP Morgan Chase Commercial Mortgage Securities Cor4.055% 09/15/20290.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
JP Morgan Chase Commercial Mortgage Securities Cor5.055% 09/15/20290.1%
Florida Power & Light Co.2.850% 04/01/20250.1%
Westlake Automobile Receivables Trust 2019-32.410% 10/15/20240.1%
United Mexican States, MTN3.750% 01/11/20280.1%
Drive Auto Receivables Trust 2019-42.840% 11/17/20250.1%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.1%
JP Morgan Chase Commercial Mortgage Securities Cor6.055% 09/15/20290.1%
Royal Bank of Canada2.196% 01/17/20230.1%
MPT Operating Partnership L.P.5.000% 10/15/20270.1%
Consolidated Communications, Inc.6.500% 10/01/20220.1%
SOUND POINT CLO XVII3.419% 10/20/20300.1%
Petroleos Mexicanos5.350% 02/12/20280.1%
BSPRT 2018-FL4 Issuer Ltd1.755% 09/15/20350.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.1%
Baxter International, Inc.3.750% 10/01/20250.1%
BAT International Finance plc0.000% 04/06/20200.1%
Credit Acceptance Auto Loan Trust 2017-33.480% 10/15/20260.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Qatar Government International Bond5.103% 04/23/20480.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Selective Insurance Group, Inc.5.375% 03/01/20490.1%
Guatemala Government Bond4.875% 02/13/20280.1%
San Antonio, TX3.527% 07/01/20400.1%
Benefit Street Partners CLO XIX Ltd5.678% 01/15/20330.1%
AmeriCredit Automobile Receivables Trust 2019-32.170% 01/18/20230.1%
Bayer Corp6.650% 02/15/20280.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
M360 2019-CRE2 LLC2.955% 09/15/20340.1%
Oaktree CLO 2014-12.997% 05/13/20290.1%
Japan Bank for International Cooperation/Japan2.500% 05/23/20240.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
Quicken Loans Inc5.750% 05/01/20250.1%
Sound Point Clo XII Ltd3.619% 10/20/20280.1%
PetSmart, Inc.8.875% 06/01/20250.1%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Trillium Credit Card Trust II1.275% 09/26/20230.1%
Greywolf CLO IV Ltd3.786% 04/17/20300.1%
Spirit AeroSystems, Inc.4.600% 06/15/20280.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
AI Candelaria Spain SLU7.500% 12/15/20280.1%
Avery Point VII CLO Ltd3.581% 01/15/20280.1%
KKR Clo 17 Ltd3.481% 04/15/20290.1%
Dollar Tree, Inc.4.200% 05/15/20280.1%
Westlake Automobile Receivables Trust 2019-13.450% 03/15/20240.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.1%
Springleaf Finance Corp.5.375% 11/15/20290.1%
Uber Technologies Inc8.000% 11/01/20260.1%
KKR CLO 18 Ltd3.527% 07/18/20300.1%
Mountain View CLO 2017-1 LLC2.455% 10/16/20290.1%
Tenet Healthcare Corp.6.250% 02/01/20270.1%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.1%
Gray Television, Inc.7.000% 05/15/20270.1%
Jamestown CLO IX Ltd4.469% 10/20/20280.1%
CIT Group, Inc.6.125% 03/09/20280.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Cigna Corp2.550% 09/17/20210.1%
Banco do Brasil SA4.625% 01/15/20250.1%
Avery Point VII CLO Ltd4.281% 01/15/20280.1%
Advocate Health & Hospitals Corp3.387% 10/15/20490.1%
Chinalco Capital Holdings Ltd4.000% 08/25/20210.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Danske Bank A/S5.375% 01/12/20240.1%
JPMorgan Chase & Co.2.509% 06/18/20220.1%
Madison Park Funding XXXVI Ltd5.692% 01/15/20330.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.1%
Leidos, Inc.7.125% 07/01/20320.1%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.1%
BX Commercial Mortgage Trust 2019-XL2.705% 10/15/20360.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
ENI SpA5.700% 10/01/20400.1%
COMM 2017-COR2 Mortgage Trust3.803% 09/10/20500.1%
GS Mortgage Securities Trust 2015-GC302.726% 05/10/20500.1%
ALM VII Ltd5.381% 07/15/20290.1%
Northwoods Capital 20 Ltd6.151% 01/25/20300.1%
Griffon Corp.5.750% 03/01/20280.1%
Macquarie Group Ltd.4.654% 03/27/20290.1%
Longfor Properties Co. Ltd.4.500% 01/16/20280.1%
Ford Credit Auto Owner Trust 2019-REV13.520% 07/15/20300.1%
Perusahaan Listrik Negara PT5.250% 10/24/20420.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
CF Trust 2019-BOSS3.955% 12/15/20210.1%
Dominion Gas Holdings LLC4.600% 12/15/20440.1%
CIFC Funding 2019-VI Ltd5.857% 01/16/20330.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.1%
Sinclair Broadcast Group, Inc.5.125% 02/15/20270.1%
Grupo de Inversiones Suramericana SA5.500% 04/29/20260.1%
Perusahaan Listrik Negara PT4.125% 05/15/20270.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
Allegany Park CLO Ltd5.534% 01/20/20330.1%
New Jersey Edl Facs Auth3.636% 09/01/20290.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
MEDNAX, Inc.6.250% 01/15/20270.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.1%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.1%
Wells Fargo Commercial Mortgage Trust 2017-HSDB1.647% 12/13/20310.1%
Pertamina Persero PT4.700% 07/30/20490.1%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.1%
ViaSat, Inc.5.625% 04/15/20270.1%
Ameriprise Financial, Inc.3.000% 04/02/20250.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.1%
California7.625% 03/01/20400.1%
BBCMS 2019-BWAY Mortgage Trust1.661% 11/25/20340.1%
Neuberger Berman Loan Advisers CLO 35 Ltd5.603% 01/19/20330.1%
Crown Castle International Corp.3.300% 07/01/20300.1%
Kaisa Group Holdings Ltd.11.950% 10/22/20220.1%
Elm CLO 2014-1 Ltd3.586% 01/17/20290.1%
Prosus NV3.680% 01/21/20300.1%
Prestige Auto Receivables Trust 2019-13.900% 05/15/20260.1%
CSMC 2017-HD Trust1.655% 02/15/20310.1%
Egypt Government International Bond4.550% 11/20/20230.1%
BB-UBS Trust3.430% 11/05/20360.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
Kernel Holding SA8.750% 01/31/20220.1%
Cemex, S.A.B. de C.V.5.450% 11/19/20290.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Wells Fargo Commercial Mortgage Trust 2014-LC163.817% 08/15/20500.1%
Dominion Resources, Inc.7.000% 06/15/20380.1%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.1%
Eskom Holdings SOC Ltd.5.750% 01/26/20210.1%
Yuzhou Properties Co. Ltd.6.000% 10/25/20230.1%
Pakistan Government International Bond6.875% 12/05/20270.1%
Republic of Turkey4.250% 04/14/20260.1%
MHP Lux SA6.950% 04/03/20260.1%
BAMLL Trust4.420% 07/11/20330.1%
Petrobras Global Finance BV5.093% 01/15/20300.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
Healthcare Realty Trust, Inc.2.400% 03/15/20300.1%
BWAY Holding Co.7.250% 04/15/20250.1%
Great Wolf Trust 2019-WOLF3.437% 12/15/20360.1%
Republic of Turkey5.250% 03/13/20300.1%
GS Mortgage Securities Corp Trust 2019-SMP0.587% 08/15/20320.1%
Brink's Co/The4.625% 10/15/20270.1%
Assurant, Inc.3.700% 02/22/20300.1%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.1%
GS Mortgage Securities Trust3.557% 04/10/20310.1%
MHP Lux SA6.250% 09/19/20290.1%
Wyndham Worldwide Corp.5.750% 04/01/20270.1%
Intelsat Jackson Holdings SA8.500% 10/15/20240.1%
Match Group, Inc.5.625% 02/15/20290.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
COMM 2019-GC44 Mortgage Trust3.513% 08/15/20570.1%
Duke Energy Corp.2.750% 04/01/20500.1%
BX Commercial Mortgage Trust 2019-XL2.155% 10/15/20360.1%
LMREC 2019-CRE3 Inc2.329% 12/22/20350.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
Bank of America Corp.2.936% 04/24/20230.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.1%
Capital Auto Receivables Asset Trust 2017-12.020% 08/20/20210.1%
CSN Resources SA7.625% 02/13/20230.1%
Sysco Corp.5.950% 04/01/20300.1%
GM Financial Automobile Leasing Trust 2019-22.670% 06/21/20210.1%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.1%
Las Vegas Sands Corp.3.900% 08/08/20290.1%
Century Communities, Inc.6.750% 06/01/20270.1%
Tronox Inc6.500% 04/15/20260.1%
Transportes Aereos Portugueses SA5.625% 12/02/20240.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
Viking Cruises Ltd.5.875% 09/15/20270.1%
Chesapeake Funding II LLC1.910% 08/15/20290.1%
BX Commercial Mortgage Trust 2019-XL1.955% 10/15/20360.1%
Yak Access LLC12.319% 07/10/20260.1%
Tenet Healthcare Corp.6.750% 06/15/20230.1%
OneMain Financial Issuance Trust 2019-13.480% 02/14/20310.1%
Cent CLO Ltd.3.105% 10/29/20250.1%
Sri Lanka (Democratic Socialist Republic of)6.850% 11/03/20250.1%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.1%
Fontainebleau Miami Beach Trust 2019-FBLU3.144% 12/10/20360.1%
Exeter Automobile Receivables Trust 2017-33.680% 07/17/20230.1%
Aquarion Co.4.000% 08/15/20240.1%
Dell International LLC / EMC Corp6.020% 06/15/20260.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Pepperdine University3.301% 12/01/20590.1%
CVS Caremark Corp.2.605% 03/09/20210.1%
California7.300% 10/01/20390.1%
Goldman Sachs Group, Inc.2.936% 07/24/20230.1%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.1%
California Hlth Facs Fing Auth3.034% 06/01/20340.1%
Morgan Stanley4.000% 07/23/20250.1%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Airxcel, Inc.5.489% 04/28/20250.0%
Mattel, Inc.5.450% 11/01/20410.0%
Adventist Health System/West2.952% 03/01/20290.0%
Toll Brothers Finance Corp.4.350% 02/15/20280.0%
Great American Auto Leasing Inc 2019-13.210% 02/18/20250.0%
Sysco Corp.6.600% 04/01/20400.0%
Hyundai Floorplan Master Owner Trust2.680% 04/15/20240.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
J.P. Morgan Chase Commercial Mortgage Securities T3.392% 06/05/20320.0%
National Oilwell Varco, Inc.3.950% 12/01/20420.0%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.0%
Front Range BidCo Inc6.125% 03/01/20280.0%
First National Master Note Trust 2018-11.165% 10/15/20240.0%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.0%
TAL Advantage VI LLC4.500% 04/20/20420.0%
MEG Energy Corp.7.125% 02/01/20270.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
SURA Asset Management SA4.875% 04/17/20240.0%
West Town Mall Trust 2017-KNOX3.823% 07/05/20300.0%
Citigroup Commercial Mortgage Trust3.251% 05/10/20350.0%
Ford Credit Auto Owner Trust 2018-REV23.470% 01/15/20300.0%
ACC Trust 2019-14.470% 10/20/20220.0%
Aon plc0.000% 04/06/20200.0%
PFS Financing Corp.2.890% 02/15/20230.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.621% 09/05/20320.0%
CPS Auto Receivables Trust 2017-C3.790% 06/15/20230.0%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.0%
GS Mortgage Securities Corp Trust 2018-RIVR1.655% 07/15/20350.0%
Warrior Met Coal Inc8.000% 11/01/20240.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.0%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.0%
A10 Bridge Asset Financing LLC3.300% 05/15/20360.0%
NextGear Floorplan Master Owner Trust4.010% 10/15/20230.0%
Latam Finance Ltd.7.000% 03/01/20260.0%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.0%
CCO Holdings LLC / CCO Holdings Capital Corp.5.125% 05/01/20230.0%
Owens Corning7.000% 12/01/20360.0%
BDS 2019-FL3 LTD2.012% 12/15/20350.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.0%
Exantas Capital Corp 2019-RSO7 Ltd1.750% 04/15/20360.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
Yum! Brands, Inc.7.750% 04/01/20250.0%
Carrier Global Corp3.577% 04/05/20500.0%
Fontainebleau Miami Beach Trust 2019-FBLU3.447% 12/10/20360.0%
Angolan Government International Bond8.250% 05/09/20280.0%
Angolan Government International Bond8.250% 05/09/20280.0%
BAMLL Commercial Mortgage Securities Trust 2019-AH2.305% 03/15/20340.0%
Exantas Capital Corp 2019-RSO7 Ltd2.250% 04/15/20360.0%
Textainer Marine Containers VII Ltd3.960% 04/20/20440.0%
Eni USA Inc7.300% 11/15/20270.0%
MEG Energy Corp.7.000% 03/31/20240.0%
BX Commercial Mortgage Trust 2019-XL2.505% 10/15/20360.0%
DBWF 2018-GLKS Mortgage Trust1.780% 12/19/20300.0%
QEP Resources, Inc.5.625% 03/01/20260.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Popular, Inc.6.125% 09/14/20230.0%
Adient US LLC7.000% 05/15/20260.0%
Atrium Hotel Portfolio Trust 2018-ATRM1.655% 06/15/20350.0%
SLM Student Loan Trust 2007-31.854% 01/25/20220.0%
BHP Trust 2019-BXHP3.272% 08/15/20360.0%
Aqua America, Inc.3.566% 05/01/20290.0%
BBCMS 2019-BWAY Mortgage Trust2.015% 11/25/20340.0%
Centennial Resource Production LLC6.875% 04/01/20270.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
Intertape Polymer Group Inc7.000% 10/15/20260.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
Drive Auto Receivables Trust 2017-13.840% 03/15/20230.0%
AMC Networks, Inc.4.750% 08/01/20250.0%
Santander UK plc7.950% 10/26/20290.0%
Provincia de Mendoza Argentina8.375% 05/19/20240.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Ford Credit Floorplan Master Owner Trust A3.060% 04/15/20260.0%
Drive Auto Receivables Trust3.660% 11/15/20240.0%
Citgo Holding, Inc.9.250% 08/01/20240.0%
Hub International Ltd.7.000% 05/01/20260.0%
TRI Pointe Homes LLC5.250% 06/01/20270.0%
ACC Trust 2018-14.820% 05/20/20210.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.805% 06/10/20270.0%
NRG Energy, Inc.5.750% 01/15/20280.0%
AT&T, Inc.2.891% 06/30/20200.0%
BX Commercial Mortgage Trust 2018-BIOA1.376% 03/15/20370.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.0%
Ashland, Inc.6.875% 05/15/20430.0%
Sinclair Broadcast Group, Inc.5.875% 03/15/20260.0%
RETL 2019-RVP2.805% 03/15/20360.0%
Berry Petroleum Co.7.000% 02/15/20260.0%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.0%
Eoc Group Inc4.700% 02/28/20250.0%
COMM Mortgage Trust4.290% 07/10/20500.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
BBCMS 2018-TALL Mortgage Trust3.142% 03/15/20370.0%
General Mills, Inc.2.875% 04/15/20300.0%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.0%
Natixis Commercial Mortgage Securities Trust 2018-3.790% 11/15/20320.0%
COMM Mortgage Trust4.435% 07/10/20500.0%
COMM Mortgage Trust4.349% 12/10/20470.0%
Natixis Commercial Mortgage Securities Trust 2018-3.790% 11/15/20320.0%
University of Chicago/The2.761% 04/01/20450.0%
BX Trust 2018-GW1.505% 05/15/20350.0%
SCF Equipment Leasing 2019-1 LLC3.040% 03/20/20230.0%
Wells Fargo Commercial Mortgage Trust4.110% 05/15/20480.0%
AREIT 2018-CRE2 Trust1.685% 11/14/20350.0%
WFRBS Commercial Mortgage Trust4.885% 08/15/20450.0%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.0%
WFRBS Commercial Mortgage Trust4.331% 03/15/20480.0%
GM Financial Automobile Leasing Trust 2019-22.670% 03/21/20220.0%
Universal Health Services, Inc.4.750% 08/01/20220.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
GS Mortgage Securities Trust4.514% 11/10/20470.0%
Hilton Orlando Trust 2018-ORL2.405% 12/15/20340.0%
Home Depot USA, Inc.1.464% 06/05/20200.0%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.0%
HealthSouth Corp.4.500% 02/01/20280.0%
Toll Brothers Finance Corp.4.875% 03/15/20270.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
Citigroup, Inc.4.450% 09/29/20270.0%
Hilton Orlando Trust 2018-ORL1.475% 12/15/20340.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Summit Materials LLC5.125% 06/01/20250.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.805% 06/15/20320.0%
Government National Mortgage Association2.700% 08/16/20580.0%
Ecopetrol S.A.5.875% 05/28/20450.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
Charter Communications Operating LLC6.484% 10/23/20450.0%
SG Commercial Mortgage Securities Trust 2019-787E0.305% 02/15/20410.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.705% 06/15/20350.0%
Government National Mortgage Association2.700% 04/16/20570.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Oasis Petroleum, Inc.6.875% 03/15/20220.0%
PHEAA Student Loan Trust I2.064% 04/25/20380.0%
Government National Mortgage Association2.750% 02/16/20580.0%
WPX Energy, Inc.8.250% 08/01/20230.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Government National Mortgage Association2.600% 06/16/20570.0%
JP Morgan Chase Commercial Mortgage Securities Cor4.613% 07/05/20310.0%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
Fifth Third Auto Trust 2019-12.690% 11/16/20260.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.305% 06/15/20320.0%
WFRBS Commercial Mortgage Trust3.488% 09/15/20570.0%
Leidos, Inc.5.500% 07/01/20330.0%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.0%
WFRBS Commercial Mortgage Trust3.863% 03/15/20480.0%
Hardee's Funding LLC4.959% 06/20/20480.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.627% 07/05/20330.0%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.0%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.0%
Motel 6 Trust 2017-MTL63.955% 08/15/20340.0%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
Norbord, Inc.6.250% 04/15/20230.0%
Neuberger Berman Group LLC4.500% 03/15/20270.0%
Orec 2018-CRE1 Ltd1.885% 06/15/20360.0%
South Carolina Electric & Gas Co.6.050% 01/15/20380.0%
PDC Energy, Inc.5.750% 05/15/20260.0%
Goldman Sachs Group, Inc.6.750% 10/01/20370.0%
Bank of America Corp.3.824% 01/20/20280.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
E*TRADE Financial Corp.4.500% 06/20/20280.0%
Macquarie Bank Ltd.6.625% 04/07/20210.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
BAT Capital Corp3.557% 08/15/20270.0%
Government National Mortgage Association2.650% 11/16/20500.0%
Government National Mortgage Association2.700% 07/16/20570.0%
SLIDE 2018-FUN2.555% 06/15/20310.0%
Government National Mortgage Association2.750% 02/16/20580.0%
Quality Distribution, Inc.9.950% 08/18/20230.0%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.0%
Orange Lake Timeshare Trust 2015-A2.880% 09/08/20270.0%
Government National Mortgage Association2.600% 07/16/20580.0%
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%
Exelon Generation Co. LLC6.250% 10/01/20390.0%
Carnival plc7.875% 06/01/20270.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.327% 07/05/20330.0%
JPMBB Commercial Mortgage Securities Trust4.269% 07/15/20480.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr3.009% 11/15/20350.0%
COMM Mortgage Trust4.435% 07/10/20500.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.679% 11/15/20350.0%
BCD Acquisition, Inc.9.625% 09/15/20230.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.0%
South Carolina Electric & Gas Co.6.625% 02/01/20320.0%
Intelsat Jackson Holdings SA5.500% 08/01/20230.0%
Bank of America Corp.4.000% 01/22/20250.0%
PPL Corp.5.200% 07/15/20410.0%
First Investors Auto Owner Trust2.410% 12/15/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.829% 10/15/20450.0%
Kinross Gold Corp.5.950% 03/15/20240.0%
CarMax Auto Owner Trust2.880% 10/15/20210.0%
Pentair Finance SA4.500% 07/01/20290.0%
General Electric Co.2.271% 05/05/20260.0%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The1.555% 01/15/20330.0%
Americredit Automobile Receivables Trust 2018-30.862% 01/18/20220.0%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.0%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.0%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.0%
Mercedes-Benz Auto Lease Trust 2018-B3.040% 12/15/20200.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
FX USD/CAD 06/200.000% 06/15/20200.0%
FX EUR/USD 05/200.000% 05/12/20200.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.0%
Foursight Capital Automobile Receivables Trust 2012.870% 10/15/20210.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.0%
CAN 5YR FUT JUN200.000% 06/30/20200.0%
EURO-SCHATZ FUT JUN200.000% 06/10/20200.0%
US LONG BOND(CBT) JUN200.000% 06/30/20200.0%
US 10YR ULTRA FUT JUN200.000% 06/30/20200.0%
US 2YR NOTE (CBT) JUN200.000% 07/06/20200.0%
US 5YR NOTE (CBT) JUN200.000% 07/06/20200.0%
FX USD/EUR 05/200.000% 05/12/20200.0%
FX USD/JPY 04/200.000% 04/13/2020-0.1%
Credit Index Swap5.000% 12/20/2024-0.5%

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 $0.04672 $15.15
Daily Daily 04/30/2020 $0.04831 $14.93
Daily Daily 03/31/2020 $0.04696 $14.63
Daily Daily 02/29/2020 $0.04090 $15.64
Daily Daily 01/31/2020 $0.04037 $15.54

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 05/31/2020
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 3.83% 3.39%

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

Subsidized Un-Subsidized
3.46% 3.37%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
0.92% 0.48%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
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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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* Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

 

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.

 

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

+

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 yield reflects 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 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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