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Core Plus Bond Fund

Daily price w/o sales charge as of 02/27/2020

$15.59

arrowDown$0.02

YTD Returns w/o sales charge as of 02/27/2020

2.45%

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 02/27/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.52% 0.81%

30-Day Standardized Yield 2 as of 01/31/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.71% 1.66%

Fund Basicsas of 01/31/2020

Total Net Assets
$243.76 M
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.79%
Fund Net Expense Ratio
1.08%
Number of Holdings
630

Fund Expense Ratio :

Gross 2.79%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 1.92% 9.50% 4.42% - - 4.48%
Lipper Category Avg. Core Plus Bond Funds 1.94% 9.69% 4.66% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 1.92% 9.64% 4.62% - - 3.96%

Fund Expense Ratio :

Gross 2.79%

Net 1.08%

Fund Expense Ratio :

Gross 2.79%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.45% 9.45% 4.02% - - 4.09%
Lipper Category Avg. Core Plus Bond Funds 9.31% 9.31% 4.18% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 8.72% 8.72% 4.03% - - 3.55%

Fund Expense Ratio :

Gross 2.79%

Net 1.08%

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

Type Assets
Investment Grade Corporate
ABS
MBS
U.S. Government Related
CMBS
High Yield Corporate
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 01/31/2020 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

25 Years of Industry Experience

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

Partner & Portfolio Manager

21 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Supported By 64 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 02/27/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.52% 0.81%

30-Day Standardized Yield 2 as of 01/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.71% 1.66%

Fund Expense Ratio :

Gross 2.79%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 1.92% 9.50% 4.42% - - 4.48%
Lipper Category Avg. Core Plus Bond Funds 1.94% 9.69% 4.66% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 1.92% 9.64% 4.62% - - 3.96%

Fund Expense Ratio :

Gross 2.79%

Net 1.08%

Fund Expense Ratio :

Gross 2.79%

Net 1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.45% 9.45% 4.02% - - 4.09%
Lipper Category Avg. Core Plus Bond Funds 9.31% 9.31% 4.18% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 8.72% 8.72% 4.03% - - 3.55%

Fund Expense Ratio :

Gross 2.79%

Net 1.08%

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

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
ABS
MBS
U.S. Government Related
CMBS
High Yield Corporate
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 01/31/2020

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 12/31/2019

  • Over the quarter, we decreased the portfolio’s allocation to corporate credit – both investment-grade and high yield – given softer economic data and tighter spreads.
  • We reallocated proceeds from sales within corporate credit and increased the portfolio’s allocation to sectors in the fixed income market which we believe had better relative value in the face of corporate spread tightening– namely commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), and collateralized loan obligations (CLO).
  • Our team favors SASB (single-asset / single-borrower) CMBS deals across the credit spectrum, which have had strong underwriting and, in some cases, lower spread volatility, than conduit deals.
  • In addition, we continue to favor the liquidity that ABS provide, and have found unique pockets of relative value and appealing risk-adjusted spread, primarily in credit card and auto-related ABS.
  • We continue to emphasize liquidity and flexibility within the portfolio and are tactically adjusting risk exposure to favor asset classes that offer what we believe to be the best risk-adjusted carry opportunities and that have lagged within the recent spread tightening. 

Portfolio Details as of 01/31/2020

Total Net Assets
$243.76 M
Number of Issues
630
Average Coupon
3.57%
Average Life
6.52 Years
Average Maturity
6.52 Years
Average Effective Duration
5.45 Years
Average Modified Duration
6.02 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 FEB 3.500% 05/01/2049 11.5%
Japan Treasury Discount Bill 0.000% 04/13/2020 4.6%
30-YR UMBS-TBA PROD FEB 3.000% 05/01/2049 4.5%
U.S. Treasury Note 0.625% 04/15/2023 3.9%
United States Treasury Floating Rate Note 1.569% 04/30/2020 3.5%
United States Treasury Bill 0.000% 05/07/2020 2.3%
30-YR GNMA II-TBA PROD MAR 3.500% 03/01/2049 2.0%
U.S. Treasury Note/Bond 3.625% 08/15/2043 1.5%
U.S. Treasury Note/Bond 2.375% 11/15/2049 1.5%
U.S. Treasury Note/Bond 1.375% 01/31/2022 1.4%
% of Total Assets 36.7%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD JAN3.500% 03/01/204921.6%
Japan Treasury Discount Bill0.000% 01/08/20207.3%
30-YR UMBS-TBA PROD JAN3.000% 05/01/20494.9%
U.S. Treasury Note0.625% 04/15/20234.3%
U.S. Treasury Note/Bond1.750% 11/15/20293.8%
United States Treasury Bill0.000% 01/30/20203.5%
United States Treasury Bill0.000% 05/07/20202.6%
30-YR UMBS-TBA PROD JAN4.000% 03/01/20492.0%
U.S. Treasury Note/Bond3.625% 08/15/20431.5%
U.S. Treasury Note/Bond2.375% 11/15/20491.2%
U.S. Treasury Note/Bond2.250% 08/15/20490.8%
VMC Finance 2019-FL3 LLC2.837% 09/15/20360.8%
Bank of America Corp.3.593% 07/21/20280.7%
General Motors Co.6.600% 04/01/20360.7%
American Express Credit Account Master Trust1.770% 11/15/20220.7%
AT&T, Inc.6.000% 08/15/20400.7%
UBS AG Registered Shares5.125% 05/15/20240.7%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.7%
Bancorp Commercial Mortgage 2019-CRE6 Trust2.815% 09/15/20360.6%
Broadcom Inc3.625% 10/15/20240.6%
Citigroup, Inc.3.887% 01/10/20280.6%
GS Mortgage Securities Corp Trust 2019-70P2.740% 10/15/20360.6%
JPMorgan Chase & Co.3.782% 02/01/20280.5%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.5%
Santander Drive Auto Receivables Trust 2018-53.810% 12/16/20240.5%
World Omni Auto Receivables Trust 2018-D3.440% 12/16/20240.5%
Atrium Hotel Portfolio Trust 2017-ATRM2.670% 12/15/20360.5%
United States Treasury Bill0.000% 03/26/20200.5%
Time Warner Cable LLC7.300% 07/01/20380.5%
BAT Capital Corp4.390% 08/15/20370.5%
Chesapeake Funding II LLC2.940% 04/15/20310.5%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.5%
CPS Auto Trust4.610% 12/15/20220.5%
GS Mortgage Securities Corp Trust 2018-HULA2.660% 07/15/20250.4%
CVS Caremark Corp.4.780% 03/25/20380.4%
First Investors Auto Owner Trust 2019-13.020% 03/17/20250.4%
Wabtec Corp.4.700% 09/15/20280.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
JP Morgan Chase Commercial Mortgage Securities Tru2.740% 06/15/20320.4%
GS Mortgage Securities Trust 2015-GC302.726% 05/10/20500.4%
ReadyCap Commercial Mortgage Trust 2019-62.832% 10/25/20520.4%
Fifth Third Auto Trust 2019-12.660% 05/16/20220.4%
LoanCore 2019-CRE3 Issuer Ltd2.790% 04/15/20340.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.4%
Ford Credit Auto Owner Trust 2015-REV12.120% 07/15/20260.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
AbbVie, Inc.4.250% 11/21/20490.4%
NextGear Floorplan Master Owner Trust2.560% 10/17/20220.4%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
GS Mortgage Securities Corp Trust 2019-70P3.060% 10/15/20360.4%
Goldman Sachs Group, Inc.6.250% 02/01/20410.4%
Capital Auto Receivables Asset Trust 2018-23.270% 06/20/20230.4%
Drive Auto Receivables Trust4.180% 03/15/20240.4%
COMM 2014-UBS4 Mortgage Trust4.672% 08/10/20470.4%
Bacardi Ltd.4.700% 05/15/20280.3%
GS Mortgage Securities Corp Trust 2019-SMP2.890% 08/15/20320.3%
KVK CLO 2016-1 Ltd4.251% 01/15/20290.3%
AT&T, Inc.6.250% 03/29/20410.3%
American Express Credit Account Master Trust3.070% 10/15/20240.3%
Capital One Prime Auto Receivables Trust 2019-22.060% 09/15/20220.3%
EPR Properties4.950% 04/15/20280.3%
CF Trust 2019-MF13.690% 08/21/20320.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
Credit Suisse Commercial Mortgage Securities Corp2.990% 01/15/20340.3%
Amur Equipment Finance Receivables V LLC3.740% 04/22/20240.3%
CarMax Auto Owner Trust 2017-43.300% 05/15/20240.3%
Wells Fargo Capital X5.950% 12/15/20360.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Ford Motor Co.7.450% 07/16/20310.3%
PerkinElmer, Inc.3.300% 09/15/20290.3%
Ford Credit Floorplan Master Owner Trust A1.980% 01/15/20220.3%
COMM 2015-DC1 Mortgage Trust4.338% 02/10/20480.3%
Americredit Automobile Receivables Trust 2018-13.500% 01/18/20240.3%
Qatar Government International Bond3.250% 06/02/20260.3%
Occidental Petroleum Corp.7.875% 09/15/20310.3%
Westlake Automobile Receivables Trust 2018-33.320% 10/16/20230.3%
General Electric Co.5.000% 12/31/20990.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.3%
Verizon Communications, Inc.3.258% 05/15/20250.3%
Drive Auto Receivables Trust4.160% 05/15/20240.3%
GS Mortgage Securities Corp Trust 2019-70P0.506% 10/15/20360.3%
Honda Auto Receivables 2019-3 Owner Trust1.850% 08/15/20250.2%
Textainer Marine Containers VII Ltd4.110% 07/20/20430.2%
Westlake Automobile Receivables Trust 2019-13.260% 10/17/20220.2%
Discover Bank4.682% 08/09/20280.2%
Universal Health Services, Inc.5.000% 06/01/20260.2%
GS Mortgage Securities Corp Trust 2019-SMP3.240% 08/15/20320.2%
Chesapeake Funding II LLC1.990% 05/15/20290.2%
Imperial Tobacco Finance plc3.875% 07/26/20290.2%
M360 2019-CRE2 LLC3.590% 09/15/20340.2%
Drive Auto Receivables Trust 2019-42.320% 06/15/20220.2%
Carvana Auto Receivables Trust 2019-15.640% 01/15/20260.2%
Wells Fargo Commercial Mortgage Trust4.284% 07/15/20460.2%
Great Wolf Trust2.756% 12/15/20290.2%
Bristol Park CLO LTD9.251% 04/15/20290.2%
American Express Credit Account Master Trust2.860% 11/15/20240.2%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.2%
Perimeter Master Note Business Trust6.020% 12/15/20220.2%
Ammc Clo 19 Ltd.3.801% 10/16/20280.2%
Octagon Investment Partners 30 Ltd3.666% 03/17/20300.2%
Triton Container Finance VI LLC4.190% 06/22/20430.2%
Ammc Clo 19 Ltd.4.551% 10/16/20280.2%
PFP 2019-6 Ltd3.614% 04/14/20370.2%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.2%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.2%
Synchrony Credit Card Master Note Trust2.370% 03/15/20230.2%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.2%
Benchmark 2019-B12 Mortgage Trust3.440% 08/15/20520.2%
World Omni Auto Receivables Trust 2017-A1.930% 09/15/20220.2%
Valero Energy Corp.10.500% 03/15/20390.2%
TCF Auto Receivables Owner Trust 2016-PT11.930% 06/15/20220.2%
AerCap Ireland Capital Ltd.3.650% 07/21/20270.2%
Foursight Capital Automobile Receivables Trust 2015.560% 01/16/20240.2%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
Avolon Holdings Funding Ltd5.250% 05/15/20240.2%
Morgan Stanley3.625% 01/20/20270.2%
Ghana Government International Bond7.875% 08/07/20230.2%
Capital Auto Receivables Asset Trust 2017-12.020% 08/20/20210.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Carmax Auto Owner Trust 2019-42.600% 09/15/20250.2%
Park Aerospace Holdings Ltd5.500% 02/15/20240.2%
Saudi Government International Bond3.625% 03/04/20280.2%
First Investors Auto Owner Trust 2019-22.710% 12/15/20250.2%
Carmax Auto Owner Trust 2019-42.320% 07/15/20250.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Centennial Resource Production LLC6.875% 04/01/20270.2%
Netflix, Inc.6.375% 05/15/20290.2%
Centene Corp.4.625% 12/15/20290.2%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
Protective Life Corp.8.450% 10/15/20390.2%
NRG Energy, Inc.4.450% 06/15/20290.2%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.2%
TRTX 2019-FL3 Issuer Ltd3.845% 09/15/20340.2%
Natixis Commercial Mortgage Securities Trust 2019-0.633% 10/15/20360.2%
Mattel, Inc.6.750% 12/31/20250.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
CPS Auto Receivables Trust 2019-D2.350% 11/15/20230.2%
Navient Corp.6.750% 06/25/20250.2%
CPS Auto Receivables Trust 2019-D2.540% 08/15/20240.2%
World Omni Automobile Lease Securitization Trust 22.830% 07/15/20210.2%
Scripps Escrow Inc5.875% 07/15/20270.2%
COMM Mortgage Trust4.436% 07/10/20500.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
Jamestown CLO VI-R Ltd3.090% 04/25/20300.2%
Exelon Generation Co. LLC5.750% 10/01/20410.2%
Carvana Auto Receivables Trust 2019-32.420% 04/15/20220.2%
Fidelity National Financial Group4.500% 08/15/20280.2%
Drive Auto Receivables Trust 2019-42.700% 02/16/20270.2%
Global Atlantic Fin Co4.400% 10/15/20290.2%
CarMax Auto Owner Trust 2017-31.970% 04/15/20220.2%
CF Trust 2019-MF13.390% 08/21/20320.2%
World Omni Automobile Lease Securitization Trust 22.890% 11/15/20210.2%
Aircastle Ltd.4.250% 06/15/20260.2%
Citigroup, Inc.3.980% 03/20/20300.2%
Goodman US Finance Three LLC3.700% 03/15/20280.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
FX USD/JPY 01/200.000% 01/08/20200.2%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.2%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.2%
BBCMS 2019-BWAY Mortgage Trust3.350% 11/25/20340.2%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.2%
Credit Suisse Mortgage Capital Certificates 2019-I2.720% 05/15/20360.2%
Ecopetrol S.A.4.125% 01/16/20250.2%
SM Energy Co.6.625% 01/15/20270.2%
Prestige Auto Receivables Trust 2017-13.610% 10/16/20230.2%
PFP 2019-6 Ltd4.014% 04/14/20370.2%
Spirit Realty LP3.400% 01/15/20300.2%
JP Morgan Chase Commercial Mortgage Securities Tru3.040% 06/15/20320.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.1%
JP Morgan Chase Commercial Mortgage Securities Cor7.090% 09/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Cor5.090% 09/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Cor6.090% 09/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Cor4.390% 09/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Cor3.490% 09/15/20290.1%
Westpac Banking Corp.4.110% 07/24/20340.1%
Trimble Navigation Ltd.4.900% 06/15/20280.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Lithia Motors, Inc.4.625% 12/15/20270.1%
MEG Energy Corp.7.000% 03/31/20240.1%
CF Industries, Inc.4.950% 06/01/20430.1%
Helix Gen Funding, LLC5.549% 06/03/20240.1%
Navicure Inc5.799% 09/18/20260.1%
GS Mortgage Securities Corp Trust 2019-SMP0.587% 08/15/20320.1%
Forterra, Inc.4.799% 10/25/20230.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
ProAmpac PG Borrower LLC5.384% 11/20/20230.1%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.1%
Michigan Fin Auth3.084% 12/01/20340.1%
Petroleos Mexicanos4.500% 01/23/20260.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
DPL, Inc.4.350% 04/15/20290.1%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.1%
Owens Corning4.300% 07/15/20470.1%
Tencent Holdings Ltd.3.595% 01/19/20280.1%
Oglethorpe Power Corp.5.050% 10/01/20480.1%
PSEG Power LLC8.625% 04/15/20310.1%
SOUND POINT CLO XVII3.566% 10/20/20300.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
AmeriCredit Automobile Receivables Trust 2015-33.340% 08/08/20210.1%
United Mexican States, MTN3.750% 01/11/20280.1%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.1%
Westlake Automobile Receivables Trust 2019-32.410% 10/15/20240.1%
Drive Auto Receivables Trust 2019-42.840% 11/17/20250.1%
Towd Point Mortgage Trust 2019-HY22.792% 05/25/20580.1%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.1%
BSPRT 2018-FL4 Issuer Ltd2.790% 09/15/20350.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
General Electric Co.6.150% 08/07/20370.1%
Madison Park Funding XXXVI Ltd3.750% 01/15/20330.1%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.1%
Japan Bank for International Cooperation/Japan2.125% 02/10/20250.1%
Tronox Inc6.500% 04/15/20260.1%
Petrobras Global Finance BV7.250% 03/17/20440.1%
National Australia Bank Ltd.3.933% 08/02/20340.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.1%
M360 2019-CRE2 LLC3.990% 09/15/20340.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Credit Acceptance Auto Loan Trust 2017-33.480% 10/15/20260.1%
Jamestown CLO IX Ltd4.616% 10/20/20280.1%
Avery Point VII CLO Ltd4.451% 01/15/20280.1%
Greywolf CLO IV Ltd3.952% 04/17/20300.1%
Avery Point VII CLO Ltd3.751% 01/15/20280.1%
OHA Loan Funding 2016-1 Ltd3.766% 01/20/20280.1%
Ares XLI Clo Ltd3.201% 01/15/20290.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
CIFC Funding 2017-I Ltd3.326% 04/23/20290.1%
Benefit Street Partners CLO XI3.751% 04/15/20290.1%
Neuberger Berman Loan Advisers CLO 35 Ltd5.603% 01/19/20330.1%
Newark BSL CLO 1 Ltd3.456% 12/21/20290.1%
Sound Point Clo XII Ltd3.766% 10/20/20280.1%
Oaktree CLO 2014-13.195% 05/13/20290.1%
BX Commercial Mortgage Trust 2019-XL3.740% 10/15/20360.1%
AmeriCredit Automobile Receivables Trust 2019-32.170% 01/18/20230.1%
KKR Clo 17 Ltd3.651% 04/15/20290.1%
CIFC Funding 2019-VI Ltd5.885% 01/16/20330.1%
Benefit Street Partners CLO XIX Ltd0.000% 01/15/20330.1%
Allegany Park CLO Ltd0.000% 01/20/20330.1%
Westlake Automobile Receivables Trust 2019-13.450% 03/15/20240.1%
KKR CLO 18 Ltd3.703% 07/18/20300.1%
San Antonio, TX3.527% 07/01/20400.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
ENI SpA5.700% 10/01/20400.1%
Dollar Tree, Inc.4.200% 05/15/20280.1%
Gray Television, Inc.7.000% 05/15/20270.1%
Clear Creek CLO4.916% 10/20/20300.1%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.1%
Japan Bank for International Cooperation/Japan2.500% 05/23/20240.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
Macquarie Group Ltd.4.654% 03/27/20290.1%
BWAY Holding Co.7.250% 04/15/20250.1%
Perusahaan Listrik Negara PT5.250% 10/24/20420.1%
Transportes Aereos Portugueses SA5.625% 12/02/20240.1%
Bahamas Government International Bond6.000% 11/21/20280.1%
Danske Bank A/S5.375% 01/12/20240.1%
Kernel Holding SA8.750% 01/31/20220.1%
Dominion Gas Holdings LLC4.600% 12/15/20440.1%
CF Trust 2019-BOSS4.953% 12/15/20210.1%
QEP Resources, Inc.5.625% 03/01/20260.1%
Nigeria Government International Bond6.375% 07/12/20230.1%
TransDigm, Inc.6.375% 06/15/20260.1%
CSN Resources SA7.625% 02/13/20230.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
CBB International Sukuk Co 6 Spc5.250% 03/20/20250.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.1%
Pertamina Persero PT4.700% 07/30/20490.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Angolan Government International Bond8.250% 05/09/20280.1%
Minerva Luxembourg SA5.875% 01/19/20280.1%
Kenya Government International Bond7.000% 05/22/20270.1%
Bermuda Government International Bond3.717% 01/25/20270.1%
Mexichem SAB de CV4.875% 09/19/20220.1%
Egypt Government International Bond6.588% 02/21/20280.1%
MHP Lux SA6.950% 04/03/20260.1%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.1%
COMM 2017-COR2 Mortgage Trust3.803% 09/10/20500.1%
Alibaba Group Holding Ltd.3.600% 11/28/20240.1%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.1%
Optiv Sec, Inc.5.049% 02/01/20240.1%
Sri Lanka (Democratic Socialist Republic of)6.250% 07/27/20210.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
United Natural Foods Inc6.049% 10/22/20250.1%
Ford Credit Auto Owner Trust 2019-REV13.520% 07/15/20300.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Egypt Government International Bond4.550% 11/20/20230.1%
Eskom Holdings SOC Ltd.5.750% 01/26/20210.1%
Hayward Acquisition Corp.5.299% 08/05/20240.1%
Saudi Arabian Oil Co2.875% 04/16/20240.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Advocate Health & Hospitals Corp3.387% 10/15/20490.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.1%
Elm CLO 2014-1 Ltd3.752% 01/17/20290.1%
ViaSat, Inc.5.625% 04/15/20270.1%
IRB Holding Corp6.750% 02/15/20260.1%
Wells Fargo Commercial Mortgage Trust 2017-HSDB2.591% 12/13/20310.1%
Great Wolf Trust4.454% 12/15/20290.1%
Coty, Inc.6.500% 04/15/20260.1%
Wyndham Worldwide Corp.5.750% 04/01/20270.1%
GM Financial Automobile Leasing Trust 2019-22.670% 06/21/20210.1%
BBCMS 2019-BWAY Mortgage Trust2.696% 11/25/20340.1%
Petrobras Global Finance BV5.093% 01/15/20300.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
COMM 2019-GC44 Mortgage Trust3.513% 08/15/20570.1%
New Jersey Edl Facs Auth3.636% 09/01/20290.1%
Laredo Petroleum Holdings, Inc.5.625% 01/15/20220.1%
CSMC 2017-HD Trust2.690% 02/15/20310.1%
Yak Access LLC12.319% 07/10/20260.1%
California7.625% 03/01/20400.1%
Dominion Resources, Inc.7.000% 06/15/20380.1%
Republic of El Salvador6.375% 01/18/20270.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
BB-UBS Trust3.430% 11/05/20360.1%
Airxcel, Inc.6.299% 04/28/20250.1%
Century Communities, Inc.6.750% 06/01/20270.1%
Brink's Co/The4.625% 10/15/20270.1%
Wells Fargo Commercial Mortgage Trust 2014-LC163.817% 08/15/20500.1%
LMREC 2019-CRE3 Inc3.180% 12/22/20350.1%
Chesapeake Funding II LLC1.910% 08/15/20290.1%
Cent CLO Ltd.3.258% 10/29/20250.1%
BAMLL Trust4.420% 07/11/20330.1%
BX Commercial Mortgage Trust 2019-XL3.190% 10/15/20360.1%
Match Group, Inc.5.625% 02/15/20290.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.1%
Las Vegas Sands Corp.3.900% 08/08/20290.1%
Assurant, Inc.3.700% 02/22/20300.1%
Dominican Republic International Bond6.400% 06/05/20490.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
Calpine Corp.5.750% 01/15/20250.1%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.1%
GS Mortgage Securities Trust3.557% 04/10/20310.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.1%
National Oilwell Varco, Inc.3.950% 12/01/20420.1%
BX Commercial Mortgage Trust 2019-XL2.990% 10/15/20360.1%
DISH DBS Corp.7.750% 07/01/20260.1%
Hub International Ltd.7.000% 05/01/20260.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.1%
OneMain Financial Issuance Trust 2019-13.480% 02/14/20310.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Fontainebleau Miami Beach Trust 2019-FBLU3.144% 12/10/20360.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Aquarion Co.4.000% 08/15/20240.1%
Ashtead Capital, Inc.4.250% 11/01/20290.1%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.1%
Dell International LLC / EMC Corp6.020% 06/15/20260.1%
Exeter Automobile Receivables Trust 2017-33.680% 07/17/20230.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
Vistra Operations Co LLC4.300% 07/15/20290.1%
AXIS Specialty Finance LLC3.900% 07/15/20290.1%
Intelsat Jackson Holdings SA8.500% 10/15/20240.1%
Morgan Stanley4.000% 07/23/20250.1%
California7.300% 10/01/20390.1%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.1%
Sinclair Broadcast Group, Inc.5.125% 02/15/20270.1%
Adventist Health System/West2.952% 03/01/20290.1%
Provincia de Mendoza Argentina8.375% 05/19/20240.1%
California Hlth Facs Fing Auth3.034% 06/01/20340.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Great American Auto Leasing Inc 2019-13.210% 02/18/20250.1%
Williams Scotsman International Inc6.875% 08/15/20230.1%
Hyundai Floorplan Master Owner Trust2.680% 04/15/20240.1%
TAL Advantage VI LLC4.500% 04/20/20420.1%
SURA Asset Management SA4.875% 04/17/20240.0%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.0%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.0%
A10 Bridge Asset Financing LLC3.300% 05/15/20360.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
J.P. Morgan Chase Commercial Mortgage Securities T3.392% 06/05/20320.0%
First National Master Note Trust 2018-12.200% 10/15/20240.0%
Ford Credit Auto Owner Trust 2018-REV23.470% 01/15/20300.0%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.0%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.0%
Citigroup Commercial Mortgage Trust3.251% 05/10/20350.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
Fontainebleau Miami Beach Trust 2019-FBLU3.447% 12/10/20360.0%
NextGear Floorplan Master Owner Trust4.010% 10/15/20230.0%
West Town Mall Trust 2017-KNOX3.823% 07/05/20300.0%
Prestige Auto Receivables Trust 2019-13.900% 05/15/20260.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
ACC Trust 2019-14.470% 10/20/20220.0%
CPS Auto Receivables Trust 2017-C3.790% 06/15/20230.0%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
PFS Financing Corp.2.890% 02/15/20230.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.621% 09/05/20320.0%
BAMLL Commercial Mortgage Securities Trust 2019-AH3.340% 03/15/20340.0%
ACC Trust 2018-14.820% 05/20/20210.0%
GS Mortgage Securities Corp Trust 2018-RIVR2.690% 07/15/20350.0%
BDS 2019-FL3 LTD3.145% 12/15/20350.0%
BX Commercial Mortgage Trust 2019-XL3.540% 10/15/20360.0%
Owens Corning7.000% 12/01/20360.0%
DBWF 2018-GLKS Mortgage Trust2.794% 11/19/20350.0%
Exantas Capital Corp 2019-RSO7 Ltd3.264% 04/15/20360.0%
Atrium Hotel Portfolio Trust 2018-ATRM2.690% 06/15/20350.0%
Synchrony Credit Card Master Note Trust2.640% 03/15/20230.0%
Exantas Capital Corp 2019-RSO7 Ltd2.764% 04/15/20360.0%
BHP Trust 2019-BXHP4.307% 08/15/20360.0%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.0%
Popular, Inc.6.125% 09/14/20230.0%
Cardtronics Inc / Cardtronics USA Inc5.500% 05/01/20250.0%
Textainer Marine Containers VII Ltd3.960% 04/20/20440.0%
Drive Auto Receivables Trust 2017-13.840% 03/15/20230.0%
Pentair Finance SA4.500% 07/01/20290.0%
Transocean, Inc.7.250% 11/01/20250.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
Eni USA Inc7.300% 11/15/20270.0%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.0%
BBCMS 2019-BWAY Mortgage Trust3.050% 11/25/20340.0%
SLM Student Loan Trust 2007-32.000% 01/25/20220.0%
Intertape Polymer Group Inc7.000% 10/15/20260.0%
Tenet Healthcare Corp.6.250% 02/01/20270.0%
Barrick North America Finance LLC7.500% 09/15/20380.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Aqua America, Inc.3.566% 05/01/20290.0%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.625% 01/15/20240.0%
TRI Pointe Homes LLC5.250% 06/01/20270.0%
ME Funding LLC 2019-16.448% 07/30/20490.0%
Ford Credit Floorplan Master Owner Trust A3.060% 04/15/20260.0%
AMC Networks, Inc.4.750% 08/01/20250.0%
Freeport-McMoRan, Inc.3.875% 03/15/20230.0%
Sinclair Broadcast Group, Inc.5.875% 03/15/20260.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Drive Auto Receivables Trust3.660% 11/15/20240.0%
AREIT 2018-CRE2 Trust2.720% 11/14/20350.0%
Santander UK plc7.950% 10/26/20290.0%
Bayer Corp6.650% 02/15/20280.0%
American Express Credit Account Master Trust2.190% 09/16/20240.0%
Capital One Multi-Asset Execution Trust2.250% 09/16/20240.0%
RETL 2019-RVP3.840% 03/15/20360.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.805% 06/10/20270.0%
BX Commercial Mortgage Trust 2018-BIOA2.411% 03/15/20370.0%
Ashland, Inc.6.875% 05/15/20430.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
Surgery Center Holdings, Inc.10.000% 04/15/20270.0%
Stonemont Portfolio Trust 2017-STONE5.365% 08/20/20300.0%
QEP Resources, Inc.5.250% 05/01/20230.0%
Stonemont Portfolio Trust 2017-STONE4.515% 08/20/20300.0%
BBCMS 2018-TALL Mortgage Trust4.177% 03/15/20370.0%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.0%
Eoc Group Inc5.049% 02/28/20250.0%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.0%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
COMM Mortgage Trust4.290% 07/10/20500.0%
Wells Fargo Commercial Mortgage Trust4.113% 05/15/20480.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.0%
Hilton Orlando Trust 2018-ORL3.440% 12/15/20340.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
BX Trust 2018-GW2.540% 05/15/20350.0%
SCF Equipment Leasing 2019-1 LLC3.040% 03/20/20230.0%
COMM Mortgage Trust4.436% 07/10/20500.0%
COMM Mortgage Trust4.349% 12/10/20470.0%
WFRBS Commercial Mortgage Trust4.885% 08/15/20450.0%
WFRBS Commercial Mortgage Trust4.329% 03/15/20480.0%
Natixis Commercial Mortgage Securities Trust 2018-3.790% 11/15/20320.0%
Natixis Commercial Mortgage Securities Trust 2018-3.790% 11/15/20320.0%
GS Mortgage Securities Trust4.513% 11/10/20470.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.840% 06/15/20320.0%
Ecopetrol S.A.5.875% 05/28/20450.0%
Toll Brothers Finance Corp.4.875% 03/15/20270.0%
Universal Health Services, Inc.4.750% 08/01/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.740% 06/15/20350.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
GM Financial Automobile Leasing Trust 2019-22.670% 03/21/20220.0%
Hilton Orlando Trust 2018-ORL2.510% 12/15/20340.0%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.0%
Citigroup, Inc.4.450% 09/29/20270.0%
American Credit Acceptance Receivables Trust 2016-6.090% 05/12/20220.0%
Summit Materials LLC5.125% 06/01/20250.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.0%
Government National Mortgage Association2.700% 08/16/20580.0%
Charter Communications Operating LLC6.484% 10/23/20450.0%
PHEAA Student Loan Trust I2.210% 04/25/20380.0%
SG Commercial Mortgage Securities Trust 2019-787E0.305% 02/15/20410.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Government National Mortgage Association2.750% 02/16/20580.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.340% 06/15/20320.0%
Government National Mortgage Association2.700% 04/16/20570.0%
JP Morgan Chase Commercial Mortgage Securities Cor4.613% 07/05/20310.0%
Government National Mortgage Association2.600% 06/16/20570.0%
Hardee's Funding LLC4.959% 06/20/20480.0%
Motel 6 Trust 2017-MTL64.990% 08/15/20340.0%
Fifth Third Auto Trust 2019-12.690% 11/16/20260.0%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.0%
WFRBS Commercial Mortgage Trust3.488% 09/15/20570.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.954% 07/05/20330.0%
WFRBS Commercial Mortgage Trust3.863% 03/15/20480.0%
Drive Auto Receivables Trust 2017-32.800% 07/15/20220.0%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.0%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.0%
South Carolina Electric & Gas Co.6.050% 01/15/20380.0%
Westlake Automobile Receivables Trust 2018-12.670% 05/17/20210.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
Orec 2018-CRE1 Ltd2.920% 06/15/20360.0%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.0%
Norbord, Inc.6.250% 04/15/20230.0%
Interest Rate Swap0.000% 04/01/20210.0%
HCA, Inc.5.500% 06/15/20470.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
Mercedes-Benz Auto Lease Trust 2018-B3.040% 12/15/20200.0%
Neuberger Berman Group LLC4.500% 03/15/20270.0%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.0%
Solera Finance, Inc.10.500% 03/01/20240.0%
Goldman Sachs Group, Inc.6.750% 10/01/20370.0%
Bank of America Corp.3.824% 01/20/20280.0%
Shelter Growth CRE 2018-FL1 Issuer Ltd2.740% 01/15/20350.0%
E*TRADE Financial Corp.4.500% 06/20/20280.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Macquarie Bank Ltd.6.625% 04/07/20210.0%
BAT Capital Corp3.557% 08/15/20270.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
CarMax Auto Owner Trust2.880% 10/15/20210.0%
General Electric Co.2.667% 05/05/20260.0%
SLIDE 2018-FUN3.590% 06/15/20310.0%
Government National Mortgage Association2.700% 07/16/20570.0%
Government National Mortgage Association2.650% 11/16/20500.0%
Discover Card Execution Note Trust3.040% 07/15/20240.0%
Carnival plc7.875% 06/01/20270.0%
Government National Mortgage Association2.750% 02/16/20580.0%
Quality Distribution, Inc.10.445% 08/18/20230.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Exelon Generation Co. LLC6.250% 10/01/20390.0%
Orange Lake Timeshare Trust 2015-A2.880% 09/08/20270.0%
First Investors Auto Owner Trust2.410% 12/15/20220.0%
Brightsphere Investment Group Inc4.800% 07/27/20260.0%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.0%
Government National Mortgage Association2.600% 07/16/20580.0%
Intelsat Jackson Holdings SA5.500% 08/01/20230.0%
BCD Acquisition, Inc.9.625% 09/15/20230.0%
JPMBB Commercial Mortgage Securities Trust4.268% 07/15/20480.0%
COMM Mortgage Trust4.436% 07/10/20500.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.786% 11/15/20350.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr3.116% 11/15/20350.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.654% 07/05/20330.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.0%
South Carolina Electric & Gas Co.6.625% 02/01/20320.0%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.829% 10/15/20450.0%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The2.590% 01/15/20330.0%
Kinross Gold Corp.5.950% 03/15/20240.0%
DLL 2018-2 LLC3.140% 10/20/20200.0%
Bank of America Corp.4.000% 01/22/20250.0%
PPL Corp.5.200% 07/15/20410.0%
Eoc Group Inc3.460% 02/26/20260.0%
Americredit Automobile Receivables Trust 2018-31.995% 01/18/20220.0%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
American Credit Acceptance Receivables Trust 2018-3.380% 12/13/20210.0%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.0%
Pennsylvania5.350% 05/01/20300.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Foursight Capital Automobile Receivables Trust 2012.870% 10/15/20210.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Drive Auto Receivables Trust3.340% 09/15/20220.0%
ACC Trust 2018-13.700% 12/21/20200.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Mercedes-Benz Auto Receivables Trust 2016-11.260% 02/16/20210.0%
Flagship Credit Auto Trust 2017-31.880% 10/15/20210.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.0%
CAN 5YR FUT MAR200.000% 03/31/20200.0%
US 10YR ULTRA FUT MAR200.000% 03/31/20200.0%
US ULTRA BOND CBT MAR200.000% 03/31/20200.0%
EURO-SCHATZ FUT MAR200.000% 03/10/20200.0%
FX USD/JPY 01/200.000% 01/08/20200.0%
US 5YR NOTE (CBT) MAR200.000% 04/03/20200.0%
FX USD/JPY 01/200.000% 01/08/20200.0%
FX USD/CAD 03/200.000% 03/13/20200.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
FX USD/EUR 02/200.000% 02/14/20200.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 02/27/2020
$0.032
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 01/31/2020 $0.03274 $15.54

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 02/29/2020
Daily Daily 03/31/2020
Daily Daily 04/30/2020
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 02/27/2020  

  Subsidized Un-Subsidized
w/o sales charge 2.52% 0.81%

30-Day Standardized Yield as of 01/31/2020  

Subsidized Un-Subsidized
1.71% 1.66%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 01/31/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
2.79% 1.08%

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.

 

+

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

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

 

2

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

 

3

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

 

4

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

 

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 R2 - The performance quotations for Class R2 reflect the following methods of calculation: (a) for periods prior to the inception date for Class R2, a restated figure is used based on the Fund's Class A performance, excluding the effect of Class A's maximum sales charge (which does not apply to Class R2) adjusted to reflect the Rule 12b-1 rate differential between Class A and Class R2, which has a higher 12b-1 fee than Class A; and (b) for periods after the inception date for Class R2, actual Class R2 performance is used reflecting all charges and fees applicable to Class R2 shares. Hypothetical performance data for Class R2, as measured from since inception of the Fund using the methodology described above, is not available if the Class A inception date is equal or greater than ten years old. Please refer to the Class R2 performance information for the inception date for Class R2. Please refer to the Class A performance information for the inception date for Class A.

Class R2 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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

 

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

 

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

 

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

 

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

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

 

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

 

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

 

 

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

 

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

 

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

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

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