LAPQX | Core Plus Bond Fund Class R3 | Lord Abbett
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Core Plus Bond Fund

Daily price w/o sales charge as of 05/06/2021

$15.41

arrowUp$0.01

YTD Returns w/o sales charge as of 05/06/2021

-0.86%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the Core Plus Bond Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing in a wide range of fixed income securities, including U.S. investment grade and high yield corporate bonds, mortgage-backed, asset-backed, and government-related securities, with select allocations to non-U.S. (including emerging market) debt securities.

 

Yield

Dividend Yield 1 as of 05/06/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.82% 2.70%

30-Day Standardized Yield 2 as of 03/31/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.82% 1.73%

Fund Basicsas of 03/31/2021

Total Net Assets
$255.43 M
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.10%
Fund Net Expense Ratio
0.98%
Number of Holdings
573

Fund Expense Ratio :

Gross 1.10%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.16% 7.05% 5.22% 3.89% - 4.20%
Lipper Category Avg. Core Plus Bond Funds -2.06% 4.56% 5.70% 3.97% - -
Bloomberg Barclays U.S. Aggregate Bond Index -2.61% -0.27% 5.19% 3.19% - 3.54%

Fund Expense Ratio :

Gross 1.10%

Net 0.98%

Fund Expense Ratio :

Gross 1.10%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -2.23% 8.38% 4.66% 3.96% - 4.06%
Lipper Category Avg. Core Plus Bond Funds -2.95% 6.63% 5.14% 3.98% - -
Bloomberg Barclays U.S. Aggregate Bond Index -3.37% 0.71% 4.65% 3.10% - 3.45%

Fund Expense Ratio :

Gross 1.10%

Net 0.98%

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

Type Assets
Investment Grade Corporate
ABS
High Yield Corporate
CMBS
MBS
U.S. Government Related
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 03/31/2021 View Portfolio

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

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

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

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

Partner & Portfolio Manager

19 Years of Industry Experience

Harris Trifon
Harris Trifon

Managing Director, Portfolio Manager

20 Years of Industry Experience

Supported By 62 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 05/06/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.82% 2.70%

30-Day Standardized Yield 2 as of 03/31/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.82% 1.73%

Fund Expense Ratio :

Gross 1.10%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.16% 7.05% 5.22% 3.89% - 4.20%
Lipper Category Avg. Core Plus Bond Funds -2.06% 4.56% 5.70% 3.97% - -
Bloomberg Barclays U.S. Aggregate Bond Index -2.61% -0.27% 5.19% 3.19% - 3.54%

Fund Expense Ratio :

Gross 1.10%

Net 0.98%

Fund Expense Ratio :

Gross 1.10%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -2.23% 8.38% 4.66% 3.96% - 4.06%
Lipper Category Avg. Core Plus Bond Funds -2.95% 6.63% 5.14% 3.98% - -
Bloomberg Barclays U.S. Aggregate Bond Index -3.37% 0.71% 4.65% 3.10% - 3.45%

Fund Expense Ratio :

Gross 1.10%

Net 0.98%

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
ABS
High Yield Corporate
CMBS
MBS
U.S. Government Related
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 03/31/2021

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 12/31/2020

  • Over the quarter the largest change in the Fund composition was an increase in sovereign debt. We increased the allocation as we found attractive relative value in select issues overseas given their lag compared to U.S. credit since March.
  • We modestly decreased the Fund’s allocation to U.S. investment grade corporate credit over the period, as spreads tightened significantly, and we took gains in specific issues.
  • We feel valuations are fair, though tight relative to historical levels. This is justified by improving economic fundamentals and an abundance of liquidity in the market. We continue to have a broadly constructive view on credit, and are positioning the Fund based on relative value, underlying fundamentals, and our top-down view.
  • We are investing in the essential and nonessential industries that are benefitting from a continued reopening of the economy. The magnitude and scale of this global pandemic has accelerated some secular shifts which are likely to remain even with access of the vaccine. The portfolio’s positioning currently reflects this view as we are investing in companies and industries that we believe are better poised to adapt to and benefit from these structural economic changes.

Portfolio Details as of 03/31/2021

Total Net Assets
$255.43 M
Number of Issues
573
Average Coupon
3.7%
Average Life
5.97 Years
Average Maturity
5.97 Years
Average Effective Duration
5.95 Years
Average Modified Duration
6.61 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 GNMA II-TBA PROD APR 2.500% 03/01/2046 2.0%
United States Treasury Note/Bond 1.125% 02/29/2028 1.7%
30-YR UMBS-TBA PROD APR 3.000% 01/01/2050 1.7%
United States Treasury Note/Bond 1.125% 05/15/2040 1.5%
Toyota Auto Receivables 2021-A Owner Trust 0.160% 07/17/2023 1.2%
United States Treasury Note/Bond 1.625% 11/15/2050 1.2%
30-YR UMBS-TBA PROD APR 2.500% 07/01/2046 1.0%
Fannie Mae Pool 3.500% 09/01/2047 0.9%
UBS AG 5.125% 05/15/2024 0.9%
Mercedes-Benz Auto Lease Trust 2021-A 0.180% 03/15/2023 0.9%
% of Total Assets 13.0%
Holding Coupon Maturity Assets
30-YR GNMA II-TBA PROD APR2.500% 03/01/20462.0%
United States Treasury Note/Bond1.125% 02/29/20281.7%
30-YR UMBS-TBA PROD APR3.000% 01/01/20501.7%
United States Treasury Note/Bond1.125% 05/15/20401.5%
Toyota Auto Receivables 2021-A Owner Trust0.160% 07/17/20231.2%
United States Treasury Note/Bond1.625% 11/15/20501.2%
30-YR UMBS-TBA PROD APR2.500% 07/01/20461.0%
Fannie Mae Pool3.500% 09/01/20470.9%
UBS AG5.125% 05/15/20240.9%
Mercedes-Benz Auto Lease Trust 2021-A0.180% 03/15/20230.9%
Ford Credit Auto Lease Trust 2021-A0.190% 07/15/20230.9%
BAT International Finance plc1.668% 03/25/20260.9%
AT&T Inc4.300% 02/15/20300.9%
Carmax Auto Owner Trust 2021-10.220% 02/15/20240.9%
World Omni Auto Receivables Trust 2021-A0.170% 02/15/20240.9%
United States Treasury Note/Bond0.625% 08/15/20300.8%
Bank of America Corp3.593% 07/21/20280.8%
Santander Drive Auto Receivables Trust 2021-10.290% 11/15/20230.7%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.7%
General Motors Financial Co Inc3.600% 06/21/20300.7%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.6%
United States Treasury Note/Bond0.375% 11/30/20250.6%
Qatar Government International Bond3.250% 06/02/20260.6%
VMC Finance 2019-FL3 LLC1.208% 09/15/20360.6%
Lendmark Funding Trust 2018-13.810% 12/21/20260.6%
Fannie Mae Pool3.500% 03/01/20500.5%
THL Credit Wind River 2017-1 CLO Ltd3.973% 04/18/20290.5%
Boeing Co/The4.875% 05/01/20250.5%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.5%
Bayer US Finance II LLC4.250% 12/15/20250.5%
KKR CLO 10 Ltd1.884% 09/15/20290.5%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.5%
CARLYLE US CLO 2021-1 LTD1.331% 04/15/20340.5%
Dryden 43 Senior Loan Fund3.774% 07/20/20290.5%
Cox Communications Inc8.375% 03/01/20390.5%
United States Treasury Note/Bond1.375% 08/15/20500.5%
CIFC Funding 2021-I Ltd1.246% 04/25/20330.5%
AerCap Ireland Capital DAC / AerCap Global Aviatio4.875% 01/16/20240.5%
Citigroup Inc3.887% 01/10/20280.5%
Time Warner Cable LLC7.300% 07/01/20380.4%
Westlake Automobile Receivables Trust 2021-14.310% 09/15/20270.4%
PSEG Power LLC8.625% 04/15/20310.4%
Steel Dynamics Inc5.000% 12/15/20260.4%
General Electric Co3.514% 06/15/21990.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
Fluor Corp4.250% 09/15/20280.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Genesis Sales Finance Master Trust2.240% 09/22/20250.4%
HCA Inc4.125% 06/15/20290.4%
SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.4%
Kayne CLO 10 Ltd1.367% 04/23/20340.4%
AIB Group PLC4.750% 10/12/20230.4%
Boeing Co/The5.040% 05/01/20270.4%
Glencore Funding LLC4.875% 03/12/20290.4%
CSAIL 2016-C7 Commercial Mortgage Trust4.393% 11/15/20490.4%
Dryden 43 Senior Loan Fund1.974% 07/20/20290.4%
NiSource Inc3.490% 05/15/20270.3%
Westpac Banking Corp4.322% 11/23/20310.3%
ME Funding LLC 2019-16.448% 07/30/20490.3%
Flagship Credit Auto Trust 2021-10.310% 06/16/20250.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Daimler Finance North America LLC1.121% 02/15/20220.3%
Westinghouse Air Brake Technologies Corp4.950% 09/15/20280.3%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.3%
Drive Auto Receivables Trust 2019-14.090% 06/15/20260.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
Puget Energy Inc6.000% 09/01/20210.3%
VeriSign Inc4.625% 05/01/20230.3%
State of Illinois5.100% 06/01/20330.3%
GS Mortgage Securities Corp Trust 2019-70P1.426% 10/15/20360.3%
Indonesia Government International Bond1.850% 03/12/20310.3%
Ally Financial Inc8.000% 11/01/20310.3%
Perimeter Master Note Business Trust7.060% 05/15/20240.3%
MEG Energy Corp7.125% 02/01/20270.3%
Diamondback Energy Inc5.375% 05/31/20250.3%
Dryden 61 Clo Ltd1.090% 01/17/20320.3%
National Fuel Gas Co3.950% 09/15/20270.3%
Kayne CLO 7 Ltd1.423% 04/17/20330.3%
Egypt Government International Bond6.588% 02/21/20280.3%
Palmer Square Loan Funding 2018-5 Ltd1.074% 01/20/20270.3%
COMM 2014-UBS4 Mortgage Trust4.719% 08/10/20470.3%
National Australia Bank Ltd3.933% 08/02/20340.3%
Saudi Government International Bond3.250% 10/22/20300.3%
Alcon Finance Corp2.600% 05/27/20300.3%
Peruvian Government International Bond2.392% 01/23/20260.3%
CF Trust 2019-MF12.950% 08/21/20320.3%
Netflix Inc6.375% 05/15/20290.3%
Anglo American Capital plc4.750% 04/10/20270.3%
WEA Finance LLC2.875% 01/15/20270.3%
PulteGroup Inc6.375% 05/15/20330.3%
TCW CLO 2019-1 AMR Ltd3.184% 02/15/20290.3%
TCW CLO 2019-1 AMR Ltd1.869% 02/15/20290.3%
Benefit Street Partners CLO XXI Ltd3.041% 07/15/20310.3%
Petroleos Mexicanos5.350% 02/12/20280.3%
Credit Suisse Commercial Mortgage Securities Corp1.356% 01/15/20340.3%
NRG Energy Inc4.450% 06/15/20290.3%
Amur Equipment Finance Receivables V LLC3.740% 04/22/20240.3%
NGPL Pipeco LLC4.875% 08/15/20270.3%
Guatemala Government Bond4.900% 06/01/20300.3%
CommonSpirit Health3.347% 10/01/20290.3%
Duquesne Light Holdings Inc2.532% 10/01/20300.3%
Nigeria Government International Bond6.375% 07/12/20230.3%
Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.3%
Microchip Technology Inc4.333% 06/01/20230.3%
Fontainebleau Miami Beach Trust 2019-FBLU3.144% 12/10/20360.3%
Saudi Arabian Oil Co2.875% 04/16/20240.3%
Biogen Inc2.250% 05/01/20300.2%
Adient Global Holdings Ltd4.875% 08/15/20260.2%
Fontainebleau Miami Beach Trust 2019-FBLU3.447% 12/10/20360.2%
Becton Dickinson and Co1.255% 06/06/20220.2%
Playtika Holding Corp2.858% 03/05/20280.2%
Petroleos Mexicanos4.500% 01/23/20260.2%
Ford Motor Co7.450% 07/16/20310.2%
Diamondback Energy Inc3.125% 03/24/20310.2%
Kenya Government International Bond7.250% 02/28/20280.2%
Delta Air Lines Inc7.000% 05/01/20250.2%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.2%
FirstEnergy Corp4.400% 07/15/20270.2%
Verus Securitization Trust 2020-51.218% 05/25/20650.2%
Alimentation Couche-Tard Inc2.700% 07/26/20220.2%
Kraft Heinz Foods Co4.375% 06/01/20460.2%
Eskom Holdings SOC Ltd7.125% 02/11/20250.2%
Aircastle Ltd4.250% 06/15/20260.2%
Oaktree EIF III Series I Ltd2.224% 10/20/20270.2%
Rite Aid Corp8.000% 11/15/20260.2%
Palmer Square Loan Funding 2020-1 Ltd0.982% 02/20/20280.2%
Chesapeake Funding II LLC2.940% 04/15/20310.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
CPS Auto Trust4.610% 12/15/20220.2%
TransDigm Inc6.375% 06/15/20260.2%
OneMain Finance Corp5.375% 11/15/20290.2%
Viper Energy Partners LP5.375% 11/01/20270.2%
Installed Building Products Inc5.750% 02/01/20280.2%
GrubHub Holdings Inc5.500% 07/01/20270.2%
United Rentals North America Inc3.875% 11/15/20270.2%
Transocean Guardian Ltd5.875% 01/15/20240.2%
Altria Group Inc4.800% 02/14/20290.2%
Imperial Brands Finance PLC3.875% 07/26/20290.2%
Santander Drive Auto Receivables Trust 2018-53.810% 12/16/20240.2%
Discover Bank4.682% 08/09/20280.2%
Boston Scientific Corp2.650% 06/01/20300.2%
Laredo Petroleum Inc9.500% 01/15/20250.2%
TEGNA Inc5.000% 09/15/20290.2%
Occidental Petroleum Corp6.125% 01/01/20310.2%
National Fuel Gas Co5.500% 01/15/20260.2%
Murphy Oil USA Inc4.750% 09/15/20290.2%
Match Group Holdings II LLC4.125% 08/01/20300.2%
GS Mortgage Securities Corp Trust 2019-SMP1.606% 08/15/20320.2%
HCA Inc5.250% 06/15/20260.2%
NVR Inc3.000% 05/15/20300.2%
Universal Health Services Inc5.000% 06/01/20260.2%
Regeneron Pharmaceuticals Inc1.750% 09/15/20300.2%
M360 2019-CRE2 LLC1.956% 09/15/20340.2%
American Airlines Group Inc5.000% 06/01/20220.2%
Dryden 49 Senior Loan Fund3.873% 07/18/20300.2%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.2%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.2%
Navient Corp6.750% 06/25/20250.2%
Great Wolf Trust 2019-WOLF1.140% 12/15/20360.2%
Country Garden Holdings Co Ltd4.750% 09/28/20230.2%
Perimeter Master Note Business Trust6.020% 12/15/20220.2%
COMM 2015-DC1 Mortgage Trust4.308% 02/10/20480.2%
Ammc Clo 19 Ltd2.791% 10/16/20280.2%
Ammc Clo 19 Ltd2.041% 10/16/20280.2%
DBWF 2018-GLKS Mortgage Trust1.140% 12/19/20300.2%
Carnival Corp11.500% 04/01/20230.2%
Wells Fargo Commercial Mortgage Trust4.274% 07/15/20460.2%
Credit Suisse Mortgage Capital Certificates1.616% 04/25/20650.2%
Universal Health Services Inc2.650% 10/15/20300.2%
Morgan Stanley5.875% 12/31/20990.2%
Westpac Banking Corp2.894% 02/04/20300.2%
Baidu Inc2.375% 10/09/20300.2%
Foursight Capital Automobile Receivables Trust 2015.560% 01/16/20240.2%
BCP Raptor II LLC0.000% 10/22/20250.2%
Sri Lanka Government International Bond5.875% 07/25/20220.2%
Avolon Holdings Funding Ltd5.250% 05/15/20240.2%
Cemex SAB de CV5.450% 11/19/20290.2%
Continental Resources Inc/OK5.750% 01/15/20310.2%
Occidental Petroleum Corp2.900% 08/15/20240.2%
Flagship Credit Auto Trust 2020-34.980% 12/15/20270.2%
Carvana Auto Receivables Trust 2020-P12.840% 09/08/20270.2%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.2%
Atrium Hotel Portfolio Trust 2018-ATRM1.056% 06/15/20350.2%
Murphy Oil Corp5.875% 12/01/20270.2%
Prosus NV3.832% 02/08/20510.2%
EPR Properties4.950% 04/15/20280.2%
China Evergrande Group7.500% 06/28/20230.2%
TCW CLO 2017-1A Ltd3.362% 07/29/20290.2%
Saudi Government International Bond3.625% 03/04/20280.2%
Shackleton 2015-VIII CLO Ltd2.923% 10/20/20270.2%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.2%
Oglethorpe Power Corp5.950% 11/01/20390.2%
Toronto-Dominion Bank/The3.625% 09/15/20310.2%
Marble Point CLO XVII Ltd1.524% 04/20/20330.2%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.2%
Minerva Luxembourg SA5.875% 01/19/20280.2%
Protective Life Corp8.450% 10/15/20390.2%
ESH Hospitality Inc4.625% 10/01/20270.2%
Hasbro Inc3.000% 11/19/20240.2%
CPS Auto Receivables Trust 2019-D2.540% 08/15/20240.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
Park Aerospace Holdings Ltd5.500% 02/15/20240.2%
Freeport-McMoRan Inc4.250% 03/01/20300.2%
Newell Brands Inc5.875% 04/01/20360.2%
CPS Auto Receivables Trust 2019-D2.350% 11/15/20230.2%
TRTX 2019-FL3 Issuer Ltd2.208% 10/15/20340.2%
World Financial Network Credit Card Master Trust3.460% 07/15/20250.2%
MHP Lux SA6.250% 09/19/20290.2%
Jamestown CLO VI-R Ltd1.368% 04/25/20300.2%
HCA Inc4.500% 02/15/20270.2%
Antofagasta PLC2.375% 10/14/20300.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
Scripps Escrow Inc5.875% 07/15/20270.2%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.2%
Goodman US Finance Three LLC3.700% 03/15/20280.1%
Zhenro Properties Group Ltd8.650% 01/21/20230.1%
CF Trust 2019-MF12.650% 08/21/20320.1%
Southwestern Energy Co7.750% 10/01/20270.1%
Owens Corning3.950% 08/15/20290.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Citigroup Inc3.980% 03/20/20300.1%
Suzano Austria GmbH3.750% 01/15/20310.1%
Dominican Republic International Bond4.875% 09/23/20320.1%
Legacy LifePoint Health LLC4.375% 02/15/20270.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
Cikarang Listrindo Tbk PT4.950% 09/14/20260.1%
COMM 2015-PC1 Mortgage Trust4.325% 07/10/20500.1%
Morgan Stanley4.431% 01/23/20300.1%
Oracle Corp2.875% 03/25/20310.1%
Carvana Auto Receivables Trust 2021-P12.160% 12/10/20270.1%
JD.com Inc3.375% 01/14/20300.1%
JPMorgan Chase & Co4.600% 12/31/20990.1%
AI Candelaria Spain SLU7.500% 12/15/20280.1%
Seattle Children's Hospital2.719% 10/01/20500.1%
BBCMS 2019-BWAY Mortgage Trust1.716% 11/15/20340.1%
Global Payments Inc3.200% 08/15/20290.1%
Barings CLO Ltd 2018-III3.124% 07/20/20290.1%
Prestige Auto Receivables Trust 2017-13.610% 10/16/20230.1%
PFP 2019-6 Ltd2.208% 04/14/20370.1%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.1%
PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.1%
American Airlines Inc11.750% 07/15/20250.1%
Vertical US Newco Inc5.250% 07/15/20270.1%
Westpac Banking Corp4.110% 07/24/20340.1%
Neuberger Berman Group LLC / Neuberger Berman Fina4.875% 04/15/20450.1%
Michigan Finance Authority3.084% 12/01/20340.1%
CPS Auto Receivables Trust 2020-B4.750% 04/15/20260.1%
Nordstrom Inc4.375% 04/01/20300.1%
Wolverine Escrow LLC8.500% 11/15/20240.1%
JP Morgan Chase Commercial Mortgage Securities Cor2.756% 09/15/20290.1%
BBCMS 2019-BWAY Mortgage Trust1.062% 11/15/20340.1%
JP Morgan Chase Commercial Mortgage Securities Cor3.456% 09/15/20290.1%
L Brands Inc6.625% 10/01/20300.1%
Rent-A-Center Inc/TX6.375% 02/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Cor4.456% 09/15/20290.1%
Cleveland-Cliffs Inc5.875% 06/01/20270.1%
Meituan3.050% 10/28/20300.1%
California Resources Corp7.125% 02/01/20260.1%
Party City Holdings Inc8.750% 02/15/20260.1%
JP Morgan Chase Commercial Mortgage Securities Cor5.456% 09/15/20290.1%
Brazos Delaware II, LLC4.111% 05/21/20250.1%
PG&E Corp5.000% 07/01/20280.1%
Viking Cruises Ltd13.000% 05/15/20250.1%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.1%
Learning Care Group (US) No. 2 Inc.4.250% 03/13/20250.1%
Park Intermediate Holdings LLC / PK Domestic Prope5.875% 10/01/20280.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.1%
Calpine Corp5.000% 02/01/20310.1%
Tapestry Inc4.125% 07/15/20270.1%
Kuehg Corp4.750% 02/14/20250.1%
Caesars Entertainment Inc8.125% 07/01/20270.1%
Heartland Dental, LLC3.609% 04/30/20250.1%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.1%
Ball Corp2.875% 08/15/20300.1%
Western Midstream Operating LP5.300% 02/01/20300.1%
PDC Energy Inc5.750% 05/15/20260.1%
EQT Corp7.625% 02/01/20250.1%
Penn National Gaming Inc5.625% 01/15/20270.1%
Spring Education Group, Inc.4.453% 07/30/20250.1%
Continental Resources Inc/OK3.800% 06/01/20240.1%
Diamondback Energy Inc3.500% 12/01/20290.1%
Boeing Co/The5.150% 05/01/20300.1%
Buckeye Partners LP6.375% 01/22/20780.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.406% 06/15/20320.1%
Cedar Fair LP5.250% 07/15/20290.1%
CF Industries Inc4.950% 06/01/20430.1%
Clear Channel Outdoor Holdings Inc7.750% 04/15/20280.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
Carvana Co5.875% 10/01/20280.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Ovintiv Inc6.500% 02/01/20380.1%
Forterra Finance LLC / FRTA Finance Corp6.500% 07/15/20250.1%
Tri Pointe Homes Inc5.250% 06/01/20270.1%
American Axle & Manufacturing Inc6.500% 04/01/20270.1%
Apache Corp4.625% 11/15/20250.1%
Playa Resorts Holding B.V.3.750% 04/29/20240.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
Liberty Utilities Finance GP 12.050% 09/15/20300.1%
DaVita Inc3.750% 02/15/20310.1%
NCL Finance Ltd6.125% 03/15/20280.1%
Garda World Security Corp4.625% 02/15/20270.1%
Diamondback Energy Inc4.750% 05/31/20250.1%
Levi Strauss & Co3.500% 03/01/20310.1%
LogMeIn Inc5.500% 09/01/20270.1%
NRG Energy Inc2.450% 12/02/20270.1%
Century Communities Inc6.750% 06/01/20270.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Royal Caribbean Cruises Ltd11.500% 06/01/20250.1%
Cvent, Inc.3.900% 11/29/20240.1%
WP CPP Holdings, LLC4.750% 04/30/20250.1%
FAGE International SA / FAGE USA Dairy Industry In5.625% 08/15/20260.1%
Drive Auto Receivables Trust 2019-42.840% 11/17/20250.1%
CSC Holdings LLC5.500% 04/15/20270.1%
Encompass Health Corp4.500% 02/01/20280.1%
Westlake Automobile Receivables Trust 2019-32.410% 10/15/20240.1%
CIT Group Inc6.125% 03/09/20280.1%
Nouryon Holding BV8.000% 10/01/20260.1%
NOV Inc3.600% 12/01/20290.1%
J.P. Morgan Chase Commercial Mortgage Securities T3.392% 06/05/20320.1%
Innovative Chemical Products4.250% 12/01/20230.1%
Coca-Cola Femsa SAB de CV1.850% 09/01/20320.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.750% 10/20/20280.1%
United Rentals North America Inc4.000% 07/15/20300.1%
Centene Corp3.375% 02/15/20300.1%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.1%
Amern Trailer World Corp4.500% 02/17/20280.1%
Freeport-McMoRan Inc4.125% 03/01/20280.1%
NRG Energy Inc5.750% 01/15/20280.1%
Sprint Capital Corp6.875% 11/15/20280.1%
Netflix Inc4.875% 06/15/20300.1%
Nationstar Mortgage Holdings Inc5.500% 08/15/20280.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.1%
Gap Inc/The8.625% 05/15/20250.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.625% 03/01/20290.1%
Acadia Healthcare Co Inc5.000% 04/15/20290.1%
IRB Holding Corp7.000% 06/15/20250.1%
HAT Holdings I LLC / HAT Holdings II LLC5.250% 07/15/20240.1%
Yum! Brands Inc7.750% 04/01/20250.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.500% 10/20/20250.1%
Tenneco Inc5.375% 12/15/20240.1%
Nexstar Broadcasting Inc5.625% 07/15/20270.1%
JP Morgan Chase Commercial Mortgage Securities Cor1.856% 09/15/20290.1%
Frontier Communications Corp5.000% 05/01/20280.1%
Zayo Group Holdings Inc4.000% 03/01/20270.1%
M360 2019-CRE2 LLC2.356% 09/15/20340.1%
Qatar Government International Bond5.103% 04/23/20480.1%
Affinity Gaming6.875% 12/15/20270.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
Watco Cos LLC / Watco Finance Corp6.500% 06/15/20270.1%
Drive Auto Receivables Trust 2017-A4.160% 05/15/20240.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
Tesla Inc5.300% 08/15/20250.1%
Bayer Corp6.650% 02/15/20280.1%
Golden Entertainment, Inc.3.750% 10/21/20240.1%
City of San Antonio TX Airport System3.527% 07/01/20400.1%
ALM VII Ltd3.791% 07/15/20290.1%
Mountain View CLO 2017-1 LLC1.973% 10/16/20290.1%
KKR CLO 18 Ltd1.926% 07/18/20300.1%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.1%
Westlake Automobile Receivables Trust 2019-13.450% 03/15/20240.1%
Cleveland-Cliffs Inc4.625% 03/01/20290.1%
Signal Peak CLO 2 LLC3.074% 04/20/20290.1%
DISH DBS Corp7.750% 07/01/20260.1%
Westlake Automobile Receivables Trust 2019-13.260% 10/17/20220.1%
Oaktree CLO 2014-11.484% 05/13/20290.1%
Med ParentCo LP4.359% 07/31/20260.1%
SK Hynix Inc2.375% 01/19/20310.1%
Tenet Healthcare Corp6.250% 02/01/20270.1%
Banco do Brasil SA/Cayman4.625% 01/15/20250.1%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.1%
Halcyon Loan Advisors Funding 2015-3 Ltd1.123% 10/18/20270.1%
Griffon Corp5.750% 03/01/20280.1%
Macquarie Group Ltd4.654% 03/27/20290.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Equinix Inc1.550% 03/15/20280.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
Stericycle Inc3.875% 01/15/20290.1%
Surgery Center Holdings Inc10.000% 04/15/20270.1%
Danske Bank A/S5.375% 01/12/20240.1%
Tronox Inc4.625% 03/15/20290.1%
Jackson Mill CLO Ltd1.071% 04/15/20270.1%
Temasek Financial I Ltd2.500% 10/06/20700.1%
Kaisa Group Holdings Ltd11.950% 10/22/20220.1%
Foothill-Eastern Transportation Corridor Agency4.094% 01/15/20490.1%
Perusahaan Perseroan Persero PT Perusahaan Listrik4.125% 05/15/20270.1%
MHP Lux SA6.950% 04/03/20260.1%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.1%
Advocate Health & Hospitals Corp3.387% 10/15/20490.1%
CSN Resources SA7.625% 02/13/20230.1%
County of Miami-Dade FL2.786% 10/01/20370.1%
Egypt Government International Bond4.550% 11/20/20230.1%
Sunac China Holdings Ltd5.950% 04/26/20240.1%
Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.1%
Signal Peak CLO 1 LTD1.973% 01/17/20290.1%
CF Trust 2019-BOSS4.750% 12/15/20210.1%
New Jersey Educational Facilities Authority3.636% 09/01/20290.1%
Kaisa Group Holdings Ltd9.375% 06/30/20240.1%
Wells Fargo Commercial Mortgage Trust 2017-HSDB0.956% 12/13/20310.1%
Pennsylvania Electric Co3.600% 06/01/20290.1%
Turkey Government International Bond4.250% 04/14/20260.1%
State of California7.625% 03/01/20400.1%
Carnival Corp7.625% 03/01/20260.1%
BB-UBS Trust 2012-SHOW3.430% 11/05/20360.1%
Yuzhou Group Holdings Co Ltd6.000% 10/25/20230.1%
Avis Budget Car Rental LLC / Avis Budget Finance,5.250% 03/15/20250.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Turkey Government International Bond5.250% 03/13/20300.1%
Hecla Mining Co7.250% 02/15/20280.1%
Assurant Inc3.700% 02/22/20300.1%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.1%
Match Group Holdings II LLC5.625% 02/15/20290.1%
BAMLL Trust 2011-FSHN4.420% 07/11/20330.1%
Boyd Gaming Corp4.750% 12/01/20270.1%
SM Energy Co6.750% 09/15/20260.1%
CoStar Group Inc2.800% 07/15/20300.1%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.1%
MEG Energy Corp5.875% 02/01/20290.1%
BX Commercial Mortgage Trust 2019-XL1.556% 10/15/20360.1%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Ellington Financial Mortgage Trust 2020-21.178% 10/25/20650.1%
Scientific Games International, Inc.8.250% 03/15/20260.1%
Natixis Commercial Mortgage Securities Trust 2019-0.532% 10/15/20360.1%
Tenet Healthcare Corp6.750% 06/15/20230.1%
Mattel Inc5.450% 11/01/20410.1%
GS Mortgage Securities Trust 2013-G13.557% 04/10/20310.1%
PulteGroup Inc5.000% 01/15/20270.1%
Apache Corp4.375% 10/15/20280.1%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.1%
Vertical Midco GmbH4.375% 07/15/20270.1%
Aviation Capital Group LLC1.950% 01/30/20260.1%
Avolon Holdings Funding Ltd4.250% 04/15/20260.1%
BX Commercial Mortgage Trust 2019-XL1.356% 10/15/20360.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
Dell International LLC / EMC Corp.6.020% 06/15/20260.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Toll Brothers Finance Corp4.350% 02/15/20280.1%
British Airways 2020-1 Class A Pass Through Trust4.250% 11/15/20320.1%
SM Energy Co5.625% 06/01/20250.0%
OneMain Financial Issuance Trust 2019-13.480% 02/14/20310.0%
Hilton Domestic Operating Co Inc4.875% 01/15/20300.0%
ENI SpA5.700% 10/01/20400.0%
California Health Facilities Financing Authority3.034% 06/01/20340.0%
Warrior Met Coal Inc8.000% 11/01/20240.0%
State of California7.300% 10/01/20390.0%
Amsted Industries Inc4.625% 05/15/20300.0%
Boyd Gaming Corp6.000% 08/15/20260.0%
GreatAmerica Leasing Receivables Funding LLC Serie3.210% 02/18/20250.0%
Zayo Group Holdings Inc6.125% 03/01/20280.0%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.0%
First National Master Note Trust 2018-10.566% 10/15/20240.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
NextGear Floorplan Master Owner Trust4.010% 10/15/20230.0%
ACC Trust 2019-14.470% 10/20/20220.0%
Exantas Capital Corp 2019-RSO7 Ltd1.610% 04/15/20360.0%
GS Mortgage Securities Corp Trust 2018-RIVR1.056% 07/15/20350.0%
BAMLL Commercial Mortgage Securities Trust 2019-AH1.706% 03/15/20340.0%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
West Town Mall Trust 2017-KNOX3.823% 07/05/20300.0%
Popular Inc6.125% 09/14/20230.0%
BX Commercial Mortgage Trust 2019-XL1.906% 10/15/20360.0%
Eni USA Inc7.300% 11/15/20270.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
BBCMS 2019-BWAY Mortgage Trust1.416% 11/15/20340.0%
Intertape Polymer Group Inc7.000% 10/15/20260.0%
BDS 2019-FL3 LTD1.508% 12/15/20350.0%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.0%
Live Nation Entertainment Inc3.750% 01/15/20280.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.0%
Mattel Inc6.750% 12/31/20250.0%
Ashland LLC6.875% 05/15/20430.0%
Capital One Prime Auto Receivables Trust 2019-22.060% 09/15/20220.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
SLM Student Loan Trust 2007-30.278% 01/25/20220.0%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
BBCMS 2018-TALL Mortgage Trust2.543% 03/15/20370.0%
CPS Auto Receivables Trust 2017-C3.790% 06/15/20230.0%
Med ParentCo LP4.359% 07/31/20260.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
COMM 2015-PC1 Mortgage Trust4.290% 07/10/20500.0%
RETL 2019-RVP2.206% 03/15/20360.0%
Wells Fargo Commercial Mortgage Trust4.094% 05/15/20480.0%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.0%
BX Trust 2018-GW0.906% 05/15/20350.0%
COMM 2014-UBS6 Mortgage Trust4.349% 12/10/20470.0%
COMM 2015-PC1 Mortgage Trust4.325% 07/10/20500.0%
Natixis Commercial Mortgage Securities Trust 2018-3.790% 11/15/20320.0%
Natixis Commercial Mortgage Securities Trust 2018-3.790% 11/15/20320.0%
WFRBS Commercial Mortgage Trust4.316% 03/15/20480.0%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.0%
WFRBS Commercial Mortgage Trust4.885% 08/15/20450.0%
Toll Brothers Finance Corp4.875% 03/15/20270.0%
GS Mortgage Securities Trust 2014-GC264.514% 11/10/20470.0%
Surgery Center Holdings Inc6.750% 07/01/20250.0%
Hasbro Inc3.550% 11/19/20260.0%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.0%
Drive Auto Receivables Trust 2016-C4.180% 03/15/20240.0%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.0%
Exantas Capital Corp 2019-RSO7 Ltd1.110% 04/15/20360.0%
Charter Communications Operating LLC6.484% 10/23/20450.0%
World Omni Auto Receivables Trust 2017-A1.930% 09/15/20220.0%
AmeriCredit Automobile Receivables Trust 2019-32.170% 01/18/20230.0%
Credit Index Swap1.000% 06/20/20260.0%
GS Mortgage Securities Corp Trust 2019-70P0.452% 10/15/20360.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.706% 06/15/20320.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
Hardee's Funding LLC4.959% 06/20/20480.0%
SG Commercial Mortgage Securities Trust 2019-787E0.305% 02/15/20410.0%
Motel 6 Trust 2017-MTL63.356% 08/15/20340.0%
AREIT 2018-CRE2 Trust1.088% 11/14/20350.0%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.0%
WFRBS Commercial Mortgage Trust3.863% 03/15/20480.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.353% 07/05/20330.0%
Pennsylvania Higher Education Assistance Agency0.488% 04/25/20380.0%
Drive Auto Receivables Trust 2017-13.840% 03/15/20230.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Neuberger Berman Group LLC / Neuberger Berman Fina4.500% 03/15/20270.0%
E*TRADE Financial Corp4.500% 06/20/20280.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
BAT Capital Corp3.557% 08/15/20270.0%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.0%
Macquarie Bank Ltd6.625% 04/07/20210.0%
Bank of America Corp3.970% 03/05/20290.0%
GM Financial Automobile Leasing Trust 2019-22.670% 03/21/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.805% 06/10/20270.0%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.0%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.0%
Brightsphere Investment Group Inc4.800% 07/27/20260.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.0%
JPMBB Commercial Mortgage Securities Trust4.267% 07/15/20480.0%
COMM 2015-PC1 Mortgage Trust4.325% 07/10/20500.0%
Government National Mortgage Association2.650% 11/16/20500.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.020% 11/15/20350.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.053% 07/05/20330.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.350% 11/15/20350.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
Time Warner Entertainment Co LP8.375% 07/15/20330.0%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.829% 10/15/20450.0%
Chesapeake Funding II LLC1.910% 08/15/20290.0%
Orange Lake Timeshare Trust 2015-A2.880% 09/08/20270.0%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.0%
FX USD/EUR 06/210.000% 06/04/20210.0%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
FX USD/CAD 07/210.000% 07/20/20210.0%
GS Mortgage Securities Corp Trust 2019-SMP0.000% 08/15/20320.0%
FX CAD/USD 07/210.000% 07/20/20210.0%
US 10YR NOTE (CBT)JUN210.000% 06/30/20210.0%
US 10YR ULTRA FUT JUN210.000% 06/30/20210.0%
US 5YR NOTE (CBT) JUN210.000% 07/06/20210.0%
US LONG BOND(CBT) JUN210.000% 06/30/20210.0%
US ULTRA BOND CBT JUN210.000% 06/30/20210.0%
US 2YR NOTE (CBT) JUN210.000% 07/06/20210.0%
FX USD/CAD 04/210.000% 04/20/20210.0%
Credit Index Swap1.000% 06/20/20260.0%

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 05/06/2021
$0.137
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 04/30/2021 $0.03619 $15.37
Daily Daily 03/31/2021 $0.03496 $15.24
Daily Daily 02/28/2021 $0.03334 $15.43
Daily Daily 01/31/2021 $0.03272 $15.61

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Yield

Yield

Dividend Yield as of 05/06/2021  

  Subsidized Un-Subsidized
w/o sales charge 2.82% 2.70%

30-Day Standardized Yield as of 03/31/2021  

Subsidized Un-Subsidized
1.82% 1.73%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
1.10% 0.98%

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
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015

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*Barron’s Overall Fund Family of 2020,” #7 overall ranking among 53 qualifying fund families based on the net total return of the one-year period ending 12/31/2020. Five-year overall ranking is #4 out of 50 qualifying fund families; and 10-year overall ranking is #21 out of 44 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2020,” February 20, 2021. 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, 2020, 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 2021. 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.

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

                    

1

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

 

2

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

 

3

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

 

4

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

 

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 R3 - The performance quotations for Class R3 reflect the following methods of calculation: (a) for periods prior to the inception date for Class R3, 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 R3, adjusted to reflect the Rule 12b-1 rate differential between Class A and Class R3, which has a higher 12b-1 fee than Class A; and (b) for periods after the inception date for Class R3, actual Class R3 performance is used reflecting all charges and fees applicable to Class R3 shares. Hypothetical performance data for Class R3, 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 R3 performance information for the inception date for Class R3. Please refer to the Class A performance information for the inception date for Class A.

Class R3 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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