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 12/06/2022

$12.97

arrowUp$0.04

YTD Returns w/o sales charge as of 12/06/2022

-12.59%

Overall Morningstar Ratings

Intermediate Core-Plus Bond
as of 10/31/2022

Morningstar rated the Lord Abbett Core Plus Bond Fund class I share 3 and 4 stars among 568 and 508 Intermediate Core-Plus Bond Funds for the overall rating and the 3 and 5 year periods ended 10/31/2022, 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 12/06/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.39% 4.34%

30-Day Standardized Yield 2 as of 11/30/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.90% 4.91%

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

Fund Basicsas of 10/31/2022

Total Net Assets
$570.67 M
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.53%
Fund Net Expense Ratio
0.48%
Number of Holdings
539
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 These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").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 0.53%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -13.40% -13.21% -2.07% 0.57% - 1.78%
Lipper Category Avg. Core Plus Bond Funds -13.32% -13.33% -2.09% 0.37% - -
Bloomberg U.S. Aggregate Bond Index -12.62% -12.84% -2.59% 0.21% - 0.92%

Fund Expense Ratio :

Gross 0.53%

Net 0.48%

Fund Expense Ratio :

Gross 0.53%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -15.42% -15.28% -2.72% 0.12% - 1.47%
Lipper Category Avg. Core Plus Bond Funds -15.31% -15.45% -2.77% -0.14% - -
Bloomberg U.S. Aggregate Bond Index -14.61% -14.60% -3.26% -0.27% - 0.60%

Fund Expense Ratio :

Gross 0.53%

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
CLO
Sovereign
Bank Loans
Other
Cash

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

Maturity Assets
Less than 1 year
1-2.99 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 10/31/2022 View Portfolio

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

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

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

28 Years of Industry Experience

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

Partner & Portfolio Manager

24 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

21 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

31 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

14 Years of Industry Experience

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

Partner & Portfolio Manager

21 Years of Industry Experience

Harris Trifon
Harris Trifon

Managing Director, Portfolio Manager

22 Years of Industry Experience

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

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Performance

Performance

Dividend Yield 1 as of 12/06/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.39% 4.34%

30-Day Standardized Yield 2 as of 11/30/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 4.90% 4.91%

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

Fund Expense Ratio :

Gross 0.53%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -13.40% -13.21% -2.07% 0.57% - 1.78%
Lipper Category Avg. Core Plus Bond Funds -13.32% -13.33% -2.09% 0.37% - -
Bloomberg U.S. Aggregate Bond Index -12.62% -12.84% -2.59% 0.21% - 0.92%

Fund Expense Ratio :

Gross 0.53%

Net 0.48%

Fund Expense Ratio :

Gross 0.53%

Net 0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -15.42% -15.28% -2.72% 0.12% - 1.47%
Lipper Category Avg. Core Plus Bond Funds -15.31% -15.45% -2.77% -0.14% - -
Bloomberg U.S. Aggregate Bond Index -14.61% -14.60% -3.26% -0.27% - 0.60%

Fund Expense Ratio :

Gross 0.53%

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
CLO
Sovereign
Bank Loans
Other
Cash

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

Rating Assets
Less than 1 year
1-2.99 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 10/31/2022

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 9/30/2022

  • During the quarter we focused on shifting the Fund’s overall positioning to be higher in quality and liquidity. Specifically, we used less volatile market days to take gains in lower quality holdings and repositioned the portfolio to a higher quality profile.
  • We sold U.S. Treasuries and used the proceeds to purchase agency residential mortgage-backed securities (MBS) –closing the underweight we have historically had within the sector. We believe that the sector is relatively cheap as it has underperformed year-to-date and this shift aligns with the portfolio’s up-in-quality and up-in-liquidity themes. Specifically, we continue to purchase up-in-coupon MBS with a focus on 5/5.5s as well as select specified pools which offer an attractive pickup in carry versus the to-be-announced (TBA) market.
  • We also increased the Fund’s exposure to investment grade corporate bonds. We shifted the positions up-in-quality from BBB’s to A’s with a focus on adding to defensive sectors including the financials, utilities, and noncyclical sectors. We also favored shorter-term tenors when adding to high-quality, investment grade corporate bonds over the quarter. We sold select investment grade credits within the consumer cyclical sector and exited some lower-quality industrial bonds. We have maintained the overweight position to the energy sector based on fundamentals.
  • We maintained the Fund’s positions within other securitized product segments – asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), non-agency mortgage-backed securities (RMBS), and collateralized loan obligations (CLO) – over the period. However, we have been paring back risk within each securitized sector and focusing on AAA-rated securities.
  • Specifically, we have pared back real-estate related risk in the current high-volatility environment. We continue to selectively invest in Single Asset, Single Borrower (SASB) deals, given their interest rate profile, wider spreads, strong credit performance, and the opportunity to take targeted credit risk. 

Portfolio Details as of 10/31/2022

Total Net Assets
$570.67 M
Number of Issues
539
Average Coupon
4.09%
Average Life
8.16 Years
Average Maturity
8.15 Years
Average Effective Duration
5.45 Years
Average Modified Duration
6.13 Years
Average Yield to Worst
6.02%

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

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

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

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

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

Holding Coupon Maturity Assets
United States Treasury Note/Bond 4.125% 10/31/2027 6.2%
30-YR GNMA II-TBA PROD DEC 6.000% 08/01/2052 2.3%
30-YR UMBS-TBA PROD DEC 6.500% 09/01/2052 2.2%
United States Treasury Note/Bond 2.750% 08/15/2032 2.2%
United States Treasury Note/Bond 3.250% 05/15/2042 1.9%
United States Treasury Bill 0.000% 02/21/2023 1.9%
Federal Home Loan Banks 3.060% 01/03/2023 1.8%
30-YR UMBS-TBA PROD DEC 2.000% 10/01/2051 1.8%
30-YR GNMA II-TBA PROD NOV 5.000% 09/01/2052 1.7%
15-YR UMBS-TBA PROD DEC 5.000% 09/01/2037 1.5%
% of Total Assets 23.5%
Holding Coupon Maturity Assets
United States Treasury Note/Bond2.875% 05/15/20523.4%
United States Treasury Note/Bond4.125% 09/30/20272.6%
30-YR GNMA II-TBA PROD OCT5.000% 08/01/20522.3%
United States Treasury Bill0.000% 03/16/20232.1%
30-YR UMBS-TBA PROD NOV2.000% 12/01/20512.0%
Federal Home Loan Banks2.980% 01/03/20232.0%
United States Treasury Note/Bond3.250% 05/15/20422.0%
30-YR UMBS-TBA PROD NOV4.500% 07/01/20521.5%
30-YR GNMA II-TBA PROD OCT4.500% 08/01/20521.2%
30-YR GNMA II-TBA PROD NOV4.500% 08/01/20521.1%
30-YR UMBS-TBA PROD NOV6.000% 07/01/20521.0%
United States Treasury Note/Bond4.250% 09/30/20241.0%
JPMorgan Chase & Co2.963% 01/25/20330.9%
Asian Development Bank4.125% 09/27/20240.9%
United States Treasury Note/Bond3.000% 06/30/20240.9%
Intercontinental Exchange Inc4.000% 09/15/20270.9%
30-YR UMBS-TBA PROD NOV5.500% 07/01/20520.9%
Citigroup Inc3.980% 03/20/20300.8%
30-YR UMBS-TBA PROD NOV5.000% 07/01/20520.8%
Oracle Corp2.875% 03/25/20310.8%
Morgan Stanley4.431% 01/23/20300.7%
Capital One Prime Auto Receivables Trust 2022-12.710% 06/16/20250.7%
United States Treasury Note/Bond2.375% 02/15/20420.7%
30-YR UMBS-TBA PROD NOV3.500% 06/01/20520.7%
UnitedHealth Group Inc4.000% 05/15/20290.7%
UBS AG5.125% 05/15/20240.6%
30-YR GNMA II-TBA PROD OCT4.000% 08/01/20520.6%
NextEra Energy Capital Holdings Inc5.000% 07/15/20320.6%
CPPIB Capital Inc4.125% 10/21/20240.6%
United States Treasury Inflation Indexed Bonds0.125% 02/15/20520.6%
AbbVie Inc3.200% 11/21/20290.6%
Goldman Sachs Group Inc/The3.500% 04/01/20250.6%
30-YR UMBS-TBA PROD NOV2.500% 02/01/20520.5%
CPPIB Capital Inc3.267% 04/04/20250.5%
30-YR GNMA II-TBA PROD NOV5.500% 08/01/20520.5%
Santander Consumer Auto Receivables Trust 2020-B7.030% 08/15/20280.5%
Continental Resources Inc/OK5.750% 01/15/20310.5%
Toronto-Dominion Bank/The4.456% 06/08/20320.5%
Bank of America Corp1.486% 05/19/20240.5%
Province of Ontario Canada3.100% 05/19/20270.5%
30-YR UMBS-TBA PROD NOV3.000% 04/01/20520.5%
15-YR UMBS-TBA PROD NOV4.500% 07/01/20370.5%
15-YR UMBS-TBA PROD NOV5.000% 07/01/20370.5%
Avant Loans Funding Trust 2022-REV16.540% 09/15/20310.5%
Bank of America Corp2.687% 04/22/20320.5%
Freddie Mac Pool5.000% 08/01/20520.5%
Broadcom Inc4.150% 04/15/20320.5%
Charter Communications Operating LLC / Charter Communications Operating Capital2.250% 01/15/20290.5%
Elevance Health Inc2.250% 05/15/20300.4%
Freddie Mac Pool4.500% 08/01/20520.4%
BDS 2021-FL10 Ltd4.009% 06/16/20360.4%
EQT Corp7.000% 02/01/20300.4%
Fannie Mae Pool5.000% 08/01/20520.4%
GSK Consumer Healthcare Capital US LLC3.625% 03/24/20320.4%
CenterPoint Energy Resources Corp4.400% 07/01/20320.4%
CVS Health Corp3.250% 08/15/20290.4%
Southern Co/The2.700% 08/01/20240.4%
Santander Drive Auto Receivables Trust 2022-64.960% 11/15/20280.4%
Octane Receivables Trust 2022-25.850% 07/20/20280.4%
SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.4%
GM Financial Automobile Leasing Trust 2022-22.930% 10/21/20240.4%
Carlyle Global Market Strategies CLO 2014-3-R Ltd3.819% 07/27/20310.4%
Wells Fargo & Co3.350% 03/02/20330.4%
Ares XLII Clo Ltd4.259% 01/22/20280.4%
Exeter Automobile Receivables Trust 2022-34.860% 12/15/20260.4%
Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd3.735% 01/15/20370.4%
MF1 2022-FL9 LLC5.174% 06/19/20370.4%
BlueMountain CLO 2013-2 Ltd3.939% 10/22/20300.4%
Fannie Mae Pool2.500% 01/01/20510.4%
Glencore Funding LLC4.875% 03/12/20290.4%
BHMS 2018-ATLS4.718% 07/15/20350.4%
Fannie Mae Pool4.000% 06/01/20520.4%
Crown Castle Inc3.300% 07/01/20300.4%
BX Trust 2021-ARIA5.062% 10/15/20360.4%
Fannie Mae Pool3.500% 04/01/20520.4%
30-YR GNMA II-TBA PROD OCT3.500% 06/01/20520.4%
Cargill Inc4.000% 06/22/20320.4%
Diamondback Energy Inc3.500% 12/01/20290.4%
Bank of America Corp3.593% 07/21/20280.4%
T-Mobile USA Inc3.875% 04/15/20300.4%
Carlyle Global Market Strategies CLO 2014-5 Ltd3.652% 07/15/20310.4%
Goldman Sachs Group Inc/The2.383% 07/21/20320.4%
US Bancorp4.967% 07/22/20330.3%
Citibank Credit Card Issuance Trust3.553% 05/14/20290.3%
Octagon Investment Partners 49 Ltd4.062% 01/15/20330.3%
Japan Bank for International Cooperation3.875% 09/16/20250.3%
Santander Drive Auto Receivables Trust 2022-54.740% 10/16/20280.3%
Westpac Banking Corp4.322% 11/23/20310.3%
Fannie Mae Pool2.500% 12/01/20510.3%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.3%
Global Payments Inc4.000% 06/01/20230.3%
Bayer US Finance II LLC4.250% 12/15/20250.3%
Encina Equipment Finance 2022-1 LLC4.880% 11/15/20280.3%
Asian Development Bank3.066% 04/06/20270.3%
Dryden 36 Senior Loan Fund3.962% 04/15/20290.3%
Goldman Sachs Group Inc/The0.627% 11/17/20230.3%
7-Eleven Inc0.800% 02/10/20240.3%
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd5.318% 05/15/20360.3%
American Express Co4.420% 08/03/20330.3%
Freddie Mac Pool5.000% 08/01/20520.3%
Kommunalbanken AS3.477% 06/17/20260.3%
OneMain Financial Issuance Trust 2020-21.750% 09/14/20350.3%
GS Mortgage Securities Corp Trust 2022-ECI5.040% 08/15/20390.3%
American Express Credit Account Master Trust3.750% 08/15/20270.3%
Rad CLO 6 Ltd4.090% 01/20/20330.3%
ServiceNow Inc1.400% 09/01/20300.3%
Entergy Corp0.900% 09/15/20250.3%
Advanced Micro Devices Inc3.924% 06/01/20320.3%
Workday Inc3.800% 04/01/20320.3%
Centene Corp3.375% 02/15/20300.3%
Lendmark Funding Trust 2022-15.120% 07/20/20320.3%
Rad CLO 7 Ltd3.940% 04/17/20330.3%
Prestige Auto Receivables Trust 2021-13.470% 03/15/20290.3%
Freddie Mac Structured Agency Credit Risk Debt Notes4.931% 07/25/20420.3%
Discover Bank4.682% 08/09/20280.3%
Anglo American Capital PLC4.000% 09/11/20270.3%
Freddie Mac STACR REMIC Trust 2022-HQA34.581% 08/25/20420.3%
FactSet Research Systems Inc3.450% 03/01/20320.3%
Ally Financial Inc8.000% 11/01/20310.3%
15-YR UMBS-TBA PROD NOV4.000% 06/01/20370.3%
OneMain Direct Auto Receivables Trust 2019-14.190% 11/14/20280.3%
Bank of America Corp3.970% 03/05/20290.3%
Danske Bank A/S5.375% 01/12/20240.3%
Lamar Media Corp5.102% 02/05/20270.3%
BRAVO Residential Funding Trust 2021-NQM20.970% 03/25/20600.3%
CPS Auto Receivables Trust 2020-B7.380% 06/15/20270.3%
Ready Capital Mortgage Financing 2022-FL8 LLC3.931% 01/25/20370.3%
Exeter Automobile Receivables Trust 2020-27.190% 09/15/20270.3%
BNP Paribas SA4.375% 03/01/20330.3%
National Fuel Gas Co5.500% 01/15/20260.3%
Danske Bank A/S3.773% 03/28/20250.3%
Sprint Capital Corp6.875% 11/15/20280.3%
MF1 2022-FL8 Ltd3.634% 02/19/20370.2%
BX Trust 2021-RISE3.565% 11/15/20360.2%
F&G Global Funding5.150% 07/07/20250.2%
BankUnited Inc5.125% 06/11/20300.2%
GS Mortgage Securities Corp Trust 2022-SHIP3.576% 08/15/20240.2%
National Australia Bank Ltd3.933% 08/02/20340.2%
Santander UK Group Holdings PLC3.373% 01/05/20240.2%
nVent Finance Sarl4.550% 04/15/20280.2%
Aviation Capital Group LLC5.500% 12/15/20240.2%
Ford Motor Co3.250% 02/12/20320.2%
EIG Pearl Holdings Sarl3.545% 08/31/20360.2%
BlueMountain Fuji US Clo III Ltd3.887% 01/15/20300.2%
Verus Securitization Trust 2021-81.824% 11/25/20660.2%
Kinder Morgan Energy Partners LP4.250% 09/01/20240.2%
Freddie Mac Pool2.500% 11/01/20500.2%
30-YR GNMA II-TBA PROD NOV3.000% 02/01/20520.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.2%
Freddie Mac Pool5.000% 07/01/20520.2%
Mexico Government International Bond4.400% 02/12/20520.2%
National Fuel Gas Co3.950% 09/15/20270.2%
Cigna Corp2.400% 03/15/20300.2%
AEP Transmission Co LLC4.500% 06/15/20520.2%
AIB Group PLC4.750% 10/12/20230.2%
Fannie Mae Pool2.500% 12/01/20510.2%
GA Global Funding Trust3.850% 04/11/20250.2%
Inter-American Investment Corp2.625% 04/22/20250.2%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.875% 01/16/20240.2%
Marlette Funding Trust 2021-31.300% 12/15/20310.2%
Fannie Mae Pool3.500% 07/01/20450.2%
Westlake Automobile Receivables Trust 2021-13.910% 09/15/20270.2%
East Ohio Gas Co/The1.300% 06/15/20250.2%
BFLD 2019-DPLO5.358% 10/15/20340.2%
Calpine Corp5.125% 03/15/20280.2%
VERDE CLO Ltd3.612% 04/15/20320.2%
Fannie Mae Pool3.000% 12/01/20480.2%
Bain Capital Credit CLO 2018-23.818% 07/19/20310.2%
TCW CLO 2022-1 Ltd2.087% 04/22/20330.2%
Barings CLO Ltd 2019-III3.780% 04/20/20310.2%
Hertz Vehicle Financing III LP1.680% 12/27/20270.2%
Carlyle US Clo 2017-2 Ltd3.760% 07/20/20310.2%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.2%
NRG Energy Inc4.450% 06/15/20290.2%
Citigroup Inc3.887% 01/10/20280.2%
Rockford Tower CLO 2018-1 Ltd4.084% 05/20/20310.2%
Genesis Sales Finance Master Trust2.240% 09/22/20250.2%
Japan International Cooperation Agency3.250% 05/25/20270.2%
Time Warner Cable LLC7.300% 07/01/20380.2%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust3.500% 01/15/20250.2%
Occidental Petroleum Corp6.625% 09/01/20300.2%
Connecticut Avenue Securities Trust 2022-R084.831% 07/25/20420.2%
HGI CRE CLO 2021-FL2 Ltd4.493% 09/17/20360.2%
NGPL PipeCo LLC4.875% 08/15/20270.2%
Morgan Stanley4.000% 07/23/20250.2%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara3.000% 06/30/20300.2%
EPR Properties4.950% 04/15/20280.2%
Amur Equipment Finance Receivables IX LLC2.300% 11/22/20270.2%
BX Trust 2021-ARIA5.411% 10/15/20360.2%
Fluor Corp4.250% 09/15/20280.2%
Constellation Energy Generation LLC6.250% 10/01/20390.2%
Glencore Funding LLC2.850% 04/27/20310.2%
Goldman Sachs Group Inc/The2.615% 04/22/20320.2%
Freddie Mac Pool3.500% 02/01/20460.2%
Dell International LLC / EMC Corp3.375% 12/15/20410.2%
CSAIL 2016-C7 Commercial Mortgage Trust4.526% 11/15/20490.2%
CARLYLE US CLO 2019-1 LTD3.790% 04/20/20310.2%
Bain Capital Credit CLO 2019-23.840% 10/17/20320.2%
Aqua Finance Trust 2021-A1.540% 07/17/20460.2%
Prosus NV3.257% 01/19/20270.2%
Avolon Holdings Funding Ltd2.125% 02/21/20260.2%
Avid Automobile Receivables Trust 2021-13.390% 04/17/20280.2%
Morgan Stanley2.484% 09/16/20360.2%
Navient Corp6.750% 06/25/20250.2%
GS Mortgage Securities Corp II4.468% 11/15/20360.2%
JP Morgan Chase Commercial Mortgage Securities Trust 2020-MKST5.068% 12/15/20360.2%
VICI Properties LP / VICI Note Co Inc5.625% 05/01/20240.2%
Duke Energy Corp4.500% 08/15/20320.2%
LoanCore 2022-CRE7 Issuer Ltd3.834% 01/17/20370.2%
Bank of New York Mellon Corp/The4.596% 07/26/20300.2%
ME Funding LLC 2019-16.448% 07/30/20490.2%
Fannie Mae Pool4.000% 05/01/20520.2%
SEB Funding LLC4.969% 01/30/20520.2%
CIM Retail Portfolio Trust 2021-RETL6.568% 08/15/20360.2%
Romark CLO Ltd4.433% 10/23/20300.2%
Vertex Aerospace Services Corp6.865% 12/06/20280.2%
Fannie Mae Pool5.000% 07/01/20520.2%
Laredo Petroleum Inc9.500% 01/15/20250.2%
GS Mortgage Securities Corp Trust 2019-70P4.138% 10/15/20360.2%
Packaging Coordinators Midco Inc7.424% 11/30/20270.2%
Minejesa Capital BV4.625% 08/10/20300.1%
Flagship Credit Auto Trust 2019-33.840% 12/15/20260.1%
Quikrete Holdings Inc5.740% 02/01/20270.1%
Jane Street Group LLC5.865% 01/26/20280.1%
Vistra Operations Co LLC4.375% 05/01/20290.1%
Macquarie Group Ltd2.691% 06/23/20320.1%
Carlyle Global Market Strategies CLO 2015-1 Ltd3.690% 07/20/20310.1%
Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd5.718% 11/15/20360.1%
TransDigm Inc6.375% 06/15/20260.1%
Perimeter Master Note Business Trust7.060% 05/15/20240.1%
Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.1%
180 Medical Inc3.875% 10/15/20290.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV4.125% 04/30/20280.1%
CBAM 2017-1 Ltd6.460% 07/20/20300.1%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.1%
30-YR UMBS-TBA PROD NOV4.000% 08/01/20520.1%
Alibaba Group Holding Ltd3.400% 12/06/20270.1%
Gulfport Energy Corp8.000% 05/17/20260.1%
Aircastle Ltd2.850% 01/26/20280.1%
Charter Communications Operating LLC / Charter Communications Operating Capital6.484% 10/23/20450.1%
Jazz Financing Lux Sarl6.615% 04/21/20280.1%
Santander Consumer Auto Receivables Trust 2021-A5.790% 08/15/20280.1%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
Danske Bank A/S4.375% 06/12/20280.1%
Freddie Mac STACR REMIC Trust 2021-DNA65.681% 10/25/20410.1%
COMM 2014-UBS4 Mortgage Trust4.869% 08/10/20470.1%
IPALCO Enterprises Inc4.250% 05/01/20300.1%
Cedar Funding V CLO Ltd3.840% 07/17/20310.1%
State of Illinois5.100% 06/01/20330.1%
Fannie Mae Pool2.500% 09/01/20510.1%
AAdvantage Loyalty IP Ltd7.460% 04/20/20280.1%
Freddie Mac STACR REMIC Trust 2021-HQA43.231% 12/25/20410.1%
Invitation Homes Operating Partnership LP2.000% 08/15/20310.1%
Avolon Holdings Funding Ltd4.250% 04/15/20260.1%
Freeport Indonesia PT5.315% 04/14/20320.1%
NextEra Energy Capital Holdings Inc4.255% 09/01/20240.1%
BX Commercial Mortgage Trust 2021-VOLT3.518% 09/15/20360.1%
Fannie Mae Pool5.000% 07/01/20520.1%
GoodLeap Sustainable Home Solutions Trust 2022-13.500% 01/20/20490.1%
15-YR UMBS-TBA PROD DEC5.000% 07/01/20370.1%
Dell International LLC / EMC Corp8.350% 07/15/20460.1%
Advanced Micro Devices Inc4.393% 06/01/20520.1%
British Airways 2020-1 Class A Pass Through Trust4.250% 05/15/20340.1%
Elastic NV4.125% 07/15/20290.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.1%
Range Resources Corp8.250% 01/15/20290.1%
Trans Union LLC5.363% 12/01/20280.1%
BFLD 2019-DPLO5.058% 10/15/20340.1%
Bank of America Corp3.004% 12/20/20230.1%
CSMC 2021-BHAR4.818% 11/15/20380.1%
Southwest Gas Corp4.050% 03/15/20320.1%
Alcoa Nederland Holding BV6.125% 05/15/20280.1%
Microchip Technology Inc4.333% 06/01/20230.1%
Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd5.018% 08/15/20340.1%
Ovintiv Inc6.500% 02/01/20380.1%
Fannie Mae Pool4.000% 05/01/20520.1%
Gray Escrow II Inc5.375% 11/15/20310.1%
EPR Properties3.750% 08/15/20290.1%
PulteGroup Inc6.375% 05/15/20330.1%
Murphy Oil USA Inc4.750% 09/15/20290.1%
CF Industries Inc5.375% 03/15/20440.1%
COMM 2015-DC1 Mortgage Trust4.441% 02/10/20480.1%
Macquarie Bank Ltd3.624% 06/03/20300.1%
MSCI Inc3.625% 11/01/20310.1%
Netflix Inc6.375% 05/15/20290.1%
Invitation Homes Operating Partnership LP2.300% 11/15/20280.1%
Option Care Health Inc5.865% 10/27/20280.1%
Warnermedia Holdings Inc3.428% 03/15/20240.1%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.1%
Lending Funding Trust 2020-26.770% 04/21/20310.1%
Grippen Park CLO Ltd4.360% 01/20/20300.1%
Viterra Finance BV3.200% 04/21/20310.1%
Lendmark Funding Trust 2021-24.460% 04/20/20320.1%
Oaktree CLO 2019-4 Ltd4.960% 10/20/20320.1%
Deephaven Residential Mortgage Trust 2021-31.194% 08/25/20660.1%
Delta Air Lines Inc7.000% 05/01/20250.1%
Aramark Services Inc4.865% 03/11/20250.1%
BHMS 2018-ATLS4.068% 07/15/20350.1%
Callon Petroleum Co8.000% 08/01/20280.1%
MEG Energy Corp5.875% 02/01/20290.1%
Centene Corp4.250% 12/15/20270.1%
Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.1%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.1%
Silgan Holdings Inc4.125% 02/01/20280.1%
FirstEnergy Corp4.400% 07/15/20270.1%
SCIENTIFIC GAMES INTL INC5.906% 04/14/20290.1%
NOV Inc3.600% 12/01/20290.1%
Freddie Mac STACR REMIC Trust 2021-DNA75.931% 11/25/20410.1%
M360 2019-CRE2 LLC4.250% 09/15/20340.1%
GS Mortgage Securities Corp Trust 2019-SMP4.318% 08/15/20320.1%
Post Holdings Inc4.625% 04/15/20300.1%
Pike Corp5.500% 09/01/20280.1%
ONE Gas Inc1.100% 03/11/20240.1%
Ammc Clo 19 Ltd4.540% 10/16/20280.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
Ammc Clo 19 Ltd5.290% 10/16/20280.1%
Bank of America Corp2.087% 06/14/20290.1%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.1%
Playtika Holding Corp5.865% 03/13/20280.1%
Great Wolf Trust 2019-WOLF3.852% 12/15/20360.1%
Take-Two Interactive Software Inc4.000% 04/14/20320.1%
Amentum Government Services Holdings LLC7.121% 01/29/20270.1%
DBWF 2018-GLKS Mortgage Trust4.023% 12/19/20300.1%
Viterra Finance BV4.900% 04/21/20270.1%
Westlake Automobile Receivables Trust 2020-33.340% 06/15/20260.1%
Avolon Holdings Funding Ltd3.950% 07/01/20240.1%
Bank of America Corp3.384% 04/02/20260.1%
Upstart Securitization Trust 2021-21.750% 06/20/20310.1%
Tricolor Auto Securitization Trust 2021-13.230% 09/15/20260.1%
NGPL PipeCo LLC3.250% 07/15/20310.1%
Westpac Banking Corp4.110% 07/24/20340.1%
Extended Stay America Trust 2021-ESH4.518% 07/15/20380.1%
Mariner Finance Issuance Trust 2021-A5.400% 03/20/20360.1%
Centene Corp2.450% 07/15/20280.1%
Wells Fargo Commercial Mortgage Trust 2013-LC124.432% 07/15/20460.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Valvoline Inc4.250% 02/15/20300.1%
OCP SA3.750% 06/23/20310.1%
PARKWAY GENERATION LLC7.865% 02/18/20290.1%
Petroleos Mexicanos6.700% 02/16/20320.1%
AMC Networks Inc4.250% 02/15/20290.1%
Sprint Capital Corp8.750% 03/15/20320.1%
Comstock Resources Inc6.750% 03/01/20290.1%
Mercer International Inc5.125% 02/01/20290.1%
Drive Auto Receivables Trust 2019-14.090% 06/15/20260.1%
Morgan Stanley2.239% 07/21/20320.1%
Toll Brothers Finance Corp3.800% 11/01/20290.1%
Atrium Hotel Portfolio Trust 2018-ATRM3.768% 06/15/20350.1%
Booz Allen Hamilton Inc3.875% 09/01/20280.1%
KIND Trust 2021-KIND5.118% 08/15/20380.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Perimeter Master Note Business Trust4.170% 05/15/20240.1%
Baxalta Inc4.000% 06/23/20250.1%
Madison IAQ LLC5.875% 06/30/20290.1%
Marble Point CLO XVII Ltd4.010% 04/20/20330.1%
Avolon Holdings Funding Ltd5.250% 05/15/20240.1%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.1%
SM Energy Co6.750% 09/15/20260.1%
TRTX 2019-FL3 Issuer Ltd4.500% 10/15/20340.1%
Owens & Minor Inc6.625% 04/01/20300.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
CIFC Funding 2014-V Ltd3.940% 10/17/20310.1%
United Airlines Inc4.375% 04/15/20260.1%
American Tower Corp2.950% 01/15/20250.1%
Jamestown CLO VI-R Ltd3.933% 04/25/20300.1%
Citigroup Inc4.140% 05/24/20250.1%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.1%
Assurant Inc2.650% 01/15/20320.1%
Colgate Energy Partners III LLC7.750% 02/15/20260.1%
Standard Industries Inc/NJ4.375% 07/15/20300.1%
First American Financial Corp2.400% 08/15/20310.1%
CS Master Trust6.767% 04/15/20250.1%
Park Aerospace Holdings Ltd5.500% 02/15/20240.1%
Civitas Resources Inc5.000% 10/15/20260.1%
Option Care Health Inc4.375% 10/31/20290.1%
Apidos CLO XXVI4.240% 07/18/20290.1%
Life Time Inc5.750% 01/15/20260.1%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.1%
Westpac Banking Corp2.894% 02/04/20300.1%
Lamb Weston Holdings Inc4.125% 01/31/20300.1%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.1%
American Airlines Inc11.750% 07/15/20250.1%
Connecticut Avenue Securities Trust 2021-R015.381% 10/25/20410.1%
Fannie Mae Connecticut Avenue Securities5.581% 11/25/20410.1%
Go Daddy Operating Co LLC / GD Finance Co Inc3.500% 03/01/20290.1%
Weatherford International Ltd8.625% 04/30/20300.1%
SEG Holding LLC / SEG Finance Corp5.625% 10/15/20280.1%
Commercial Metals Co4.125% 01/15/20300.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
Frontier Communications Holdings LLC5.000% 05/01/20280.1%
Condor Merger Sub Inc7.375% 02/15/20300.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
Live Nation Entertainment Inc3.750% 01/15/20280.1%
ModivCare Escrow Issuer Inc5.000% 10/01/20290.1%
FirstEnergy Corp2.650% 03/01/20300.1%
Medline Borrower LP3.875% 04/01/20290.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
Penn Entertainment Inc4.125% 07/01/20290.1%
Cheniere Energy Partners LP3.250% 01/31/20320.1%
Kennedy-Wilson Inc4.750% 02/01/20300.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
PFP 2019-6 Ltd4.883% 04/14/20370.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Protective Life Corp8.450% 10/15/20390.1%
TK Elevator US Newco Inc5.250% 07/15/20270.1%
Ball Corp2.875% 08/15/20300.1%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC4.462% 09/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC2.762% 09/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC3.462% 09/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC5.462% 09/15/20290.1%
Oglethorpe Power Corp5.950% 11/01/20390.1%
BBCMS 2019-BWAY Mortgage Trust4.428% 11/15/20340.1%
Venture Global Calcasieu Pass LLC4.125% 08/15/20310.1%
Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.1%
Hilton Domestic Operating Co Inc4.875% 01/15/20300.1%
Fannie Mae Pool3.500% 09/01/20510.1%
Alcoa Nederland Holding BV4.125% 03/31/20290.1%
CNX Midstream Partners LP4.750% 04/15/20300.1%
Seaspan Corp5.500% 08/01/20290.1%
Atkore Inc4.250% 06/01/20310.1%
Cellnex Finance Co SA3.875% 07/07/20410.1%
Hillenbrand Inc3.750% 03/01/20310.1%
Angolan Government International Bond8.750% 04/14/20320.1%
Hertz Corp/The5.000% 12/01/20290.1%
Novelis Corp3.875% 08/15/20310.1%
Alfa Desarrollo SpA4.550% 09/27/20510.1%
Party City Holdings Inc8.750% 02/15/20260.1%
Mariner Finance Issuance Trust 2021-B4.680% 11/20/20360.1%
BBCMS 2019-BWAY Mortgage Trust3.774% 11/15/20340.1%
Buckeye Partners LP6.375% 01/22/20780.1%
CPS Auto Receivables Trust 2020-B4.750% 04/15/20260.1%
Entegris Inc3.625% 05/01/20290.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
California Resources Corp7.125% 02/01/20260.1%
Netflix Inc5.875% 11/15/20280.1%
Aviation Capital Group LLC1.950% 01/30/20260.1%
Amsted Industries Inc4.625% 05/15/20300.1%
Assurant Inc3.700% 02/22/20300.1%
Coinbase Global Inc3.375% 10/01/20280.1%
Macquarie Group Ltd4.654% 03/27/20290.1%
National CineMedia LLC5.875% 04/15/20280.1%
M360 2019-CRE2 LLC4.650% 09/15/20340.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.1%
ZipRecruiter Inc5.000% 01/15/20300.1%
Mountain View CLO 2017-1 LLC4.490% 10/16/20290.0%
Generate CLO 2 Ltd3.909% 01/22/20310.0%
Nigeria Government International Bond7.143% 02/23/20300.0%
American Airlines Group Inc3.750% 03/01/20250.0%
Goldentree Loan Management US Clo 3 Ltd4.260% 04/20/20300.0%
Verus Securitization Trust 2020-51.218% 05/25/20650.0%
HONO 2021-LULU Mortgage Trust4.268% 10/15/20360.0%
Delta Air Lines Inc / SkyMiles IP Ltd4.750% 10/20/20280.0%
Signal Peak CLO 2 LLC5.560% 04/20/20290.0%
OneMain Financial Issuance Trust 2020-23.450% 09/14/20350.0%
VMC Finance 2019-FL3 LLC3.918% 09/15/20360.0%
Acadia Healthcare Co Inc5.000% 04/15/20290.0%
Levi Strauss & Co3.500% 03/01/20310.0%
US 10YR NOTE (CBT)Dec220.000% 12/30/20220.0%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.0%
Tenet Healthcare Corp6.250% 02/01/20270.0%
Bayer Corp6.650% 02/15/20280.0%
Twilio Inc3.875% 03/15/20310.0%
CF Trust 2019-BOSS6.068% 12/15/20240.0%
MHP Lux SA6.250% 09/19/20290.0%
CS Master Trust6.995% 04/15/20230.0%
Western Alliance Bancorp3.000% 06/15/20310.0%
JP Morgan Chase Commercial Mortgage Securities Corp Series 2019-PCC1.862% 09/15/20290.0%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.0%
Occidental Petroleum Corp6.125% 01/01/20310.0%
Foothill-Eastern Transportation Corridor Agency4.094% 01/15/20490.0%
ELEMENT MAT TEC GR US HLD INC0.000% 06/07/20290.0%
Hecla Mining Co7.250% 02/15/20280.0%
HONO 2021-LULU Mortgage Trust4.668% 10/15/20360.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.0%
Country Garden Holdings Co Ltd3.875% 10/22/20300.0%
BX Commercial Mortgage Trust 2019-XL4.268% 10/15/20360.0%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.0%
United States Steel Corp6.875% 03/01/20290.0%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.0%
BX Commercial Mortgage Trust 2019-XL4.068% 10/15/20360.0%
Flagship Credit Auto Trust 2021-10.310% 06/16/20250.0%
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd5.768% 05/15/20360.0%
US 10yr Ultra Fut Dec220.000% 12/30/20220.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
BAMLL Commercial Mortgage Securities Trust 2019-AHT4.418% 03/15/20340.0%
GS Mortgage Securities Corp Trust 2018-RIVR3.768% 07/15/20350.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
Sri Lanka Government International Bond5.875% 07/25/20220.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
BBCMS 2019-BWAY Mortgage Trust4.128% 11/15/20340.0%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.0%
GS Mortgage Securities Trust 2013-G13.557% 04/10/20310.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
PARKWAY GENERATION LLC7.865% 02/18/20290.0%
Credit Suisse Mortgage Capital Certificates1.616% 04/25/20650.0%
Ashland LLC6.875% 05/15/20430.0%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.0%
BBCMS 2018-TALL Mortgage Trust5.255% 03/15/20370.0%
BX Trust 2018-GW3.618% 05/15/20350.0%
Natixis Commercial Mortgage Securities Trust 2018-285M3.917% 11/15/20320.0%
Natixis Commercial Mortgage Securities Trust 2018-285M3.917% 11/15/20320.0%
WFRBS Commercial Mortgage Trust 2013-C124.455% 03/15/20480.0%
Ellington Financial Mortgage Trust 2020-21.178% 10/25/20650.0%
Verus Securitization Trust 2020-12.417% 01/25/20600.0%
COMM 2014-UBS6 Mortgage Trust4.349% 12/10/20470.0%
GS Mortgage Securities Trust 2014-GC264.672% 11/10/20470.0%
GreatAmerica Leasing Receivables Funding LLC Series 2019-13.210% 02/18/20250.0%
FX USD/CAD 10/220.000% 10/20/20220.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
Chesapeake Funding II LLC2.940% 04/15/20310.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT4.133% 07/05/20330.0%
WFRBS Commercial Mortgage Trust 2013-C123.863% 03/15/20480.0%
SG Commercial Mortgage Securities Trust 2019-787E0.456% 02/15/20410.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Pennsylvania Higher Education Assistance Agency3.053% 04/25/20380.0%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.0%
Drive Auto Receivables Trust 2019-42.510% 11/17/20250.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN4.088% 11/15/20350.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN4.418% 11/15/20350.0%
COMM 2015-PC1 Mortgage Trust4.434% 07/10/20500.0%
JPMBB Commercial Mortgage Securities Trust 2015-C304.373% 07/15/20480.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.0%
Government National Mortgage Association2.650% 11/16/20500.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.931% 06/10/20270.0%
FX USD/EUR 12/220.000% 12/12/20220.0%
FX EUR/USD 12/220.000% 12/12/20220.0%
EMPLOYBRIDGE LLC8.424% 07/19/20280.0%
LAC0.010% 12/31/20500.0%
Commercial Mortgage Backed Index Swap3.000% 09/17/20580.0%
US 5YR NOTE (CBT) Dec220.000% 01/05/20230.0%
Commercial Mortgage Backed Index Swap3.000% 08/17/20610.0%
Commercial Mortgage Backed Index Swap3.000% 09/17/20580.0%
ELEMNT MAT TECH GRP US HOL INC0.000% 06/22/20290.0%
Commercial Mortgage Backed Index Swap3.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap3.000% 08/17/20610.0%
US LONG BOND(CBT) Dec220.000% 12/30/2022-0.1%
US 2YR NOTE (CBT) Dec220.000% 01/05/2023-0.1%
US ULTRA BOND CBT Dec220.000% 12/30/2022-0.3%

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 12/06/2022
$0.457
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2022 $0.04742 $12.86
Daily Daily 10/31/2022 $0.04410 $12.49
Daily Daily 09/30/2022 $0.04724 $12.65
Daily Daily 08/31/2022 $0.04780 $13.29
Daily Daily 07/31/2022 $0.04614 $13.66
Daily Daily 06/30/2022 $0.04238 $13.34
Daily Daily 05/31/2022 $0.03898 $13.71
Daily Daily 04/30/2022 $0.03709 $13.80
Daily Daily 03/31/2022 $0.03782 $14.34
Daily Daily 02/28/2022 $0.03452 $14.78
Daily Daily 01/31/2022 $0.03404 $15.02

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 12/31/2022

Yield

Yield

Dividend Yield as of 12/06/2022  

  Subsidized Un-Subsidized
w/o sales charge 4.39% 4.34%

30-Day Standardized Yield as of 11/30/2022  

Subsidized Un-Subsidized
4.90% 4.91%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 11/30/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
0.53% 0.48%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015

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

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

Barron's Fund Family Rankings are awarded annually.

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

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

+

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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