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 09/30/2020

$15.59

arrowDown$0.01

YTD Returns w/o sales charge as of 09/30/2020

4.37%

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 09/30/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.82% 2.38%

30-Day Standardized Yield 2 as of 08/31/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.96% 1.87%

Fund Basicsas of 08/31/2020

Total Net Assets
$279.71 M
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.42%
Fund Net Expense Ratio
0.98%
Number of Holdings
653

Fund Expense Ratio :

Gross 1.42%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 4.37% 4.82% 4.31% - - 4.46%
Lipper Category Avg. Core Plus Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index - - - - - -

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 1.42%

Net 0.98%

Fund Expense Ratio :

Gross 1.42%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 4.37% 4.82% 4.31% - - 4.46%
Lipper Category Avg. Core Plus Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index - - - - - -

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 1.42%

Net 0.98%

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

Type Assets
Investment Grade Corporate
High Yield Corporate
ABS
MBS
U.S. Government Related
CMBS
Sovereign
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 08/31/2020 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

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-Director of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Director of Taxable Fixed Income

29 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 09/30/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.82% 2.38%

30-Day Standardized Yield 2 as of 08/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.96% 1.87%

Fund Expense Ratio :

Gross 1.42%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 4.37% 4.82% 4.31% - - 4.46%
Lipper Category Avg. Core Plus Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index - - - - - -

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 1.42%

Net 0.98%

Fund Expense Ratio :

Gross 1.42%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 4.37% 4.82% 4.31% - - 4.46%
Lipper Category Avg. Core Plus Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index - - - - - -

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 1.42%

Net 0.98%

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

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
High Yield Corporate
ABS
MBS
U.S. Government Related
CMBS
Sovereign
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 08/31/2020

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 6/30/2020

  • Over the quarter the largest change in the portfolio composition was an increase to corporate credit – both high yield and investment grade. Most notably, we added to corporate issues within consumer non-cyclical, technology, and energy sectors. We believe these sectors will continue to benefit from the gradual re-opening of the economy.
  • We decreased the allocation to U.S. Treasuries over the period. With rates rallying in the first quarter as investors flocked into Treasuries and moved out of corporate credit, we saw an opportunity to sell Treasuries in order to aim to take advantage of attractive relative value in risk-on sectors.
  • We maintained our overweight position within asset-backed securities (ABS). We favor high quality ABS that are backed by credit cards and auto loans, and we have avoided areas of the market that have been more directly exposed to the impact of the coronavirus (such as container and aircraft ABS).

Portfolio Details as of 08/31/2020

Total Net Assets
$279.71 M
Number of Issues
653
Average Coupon
3.7%
Average Life
6.79 Years
Average Maturity
6.79 Years
Average Effective Duration
5.67 Years
Average Modified Duration
6.11 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 SEP 4.000% 06/01/2047 8.6%
United States Treasury Bill 0.000% 11/12/2020 6.2%
30-YR UMBS-TBA PROD SEP 3.500% 02/01/2047 2.2%
U.S. Treasury Note/Bond 0.250% 07/31/2025 2.1%
U.S. Treasury Note/Bond 3.625% 08/15/2043 1.4%
U.S. Treasury Note/Bond 1.375% 08/15/2050 1.2%
Federal National Mortgage Assoc. 3.500% 09/01/2047 1.1%
U.S. Treasury Note 0.125% 04/15/2025 1.0%
30-YR UMBS-TBA PROD SEP 2.500% 12/01/2045 1.0%
UBS AG Registered Shares 5.125% 05/15/2024 0.8%
% of Total Assets 25.6%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD SEP4.000% 06/01/20478.6%
United States Treasury Bill0.000% 11/12/20206.2%
30-YR UMBS-TBA PROD SEP3.500% 02/01/20472.2%
U.S. Treasury Note/Bond0.250% 07/31/20252.1%
U.S. Treasury Note/Bond3.625% 08/15/20431.4%
U.S. Treasury Note/Bond1.375% 08/15/20501.2%
Federal National Mortgage Assoc.3.500% 09/01/20471.1%
U.S. Treasury Note0.125% 04/15/20251.0%
30-YR UMBS-TBA PROD SEP2.500% 12/01/20451.0%
UBS AG Registered Shares5.125% 05/15/20240.8%
U.S. Treasury Note/Bond2.375% 11/15/20490.8%
Eli Lilly & Co.3.375% 03/15/20290.7%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.7%
Anheuser-Busch InBev Worldwide, Inc.4.750% 01/23/20290.7%
T-Mobile USA, Inc.3.750% 04/15/20270.7%
Time Warner Cable LLC7.300% 07/01/20380.7%
General Motors Financial Co., Inc.3.600% 06/21/20300.6%
Federal National Mortgage Assoc.3.500% 03/01/20500.6%
U.S. Treasury Note/Bond1.250% 05/15/20500.6%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.6%
VMC Finance 2019-FL3 LLC1.262% 09/15/20360.5%
HCA, Inc.4.125% 06/15/20290.5%
AT&T, Inc.6.000% 08/15/20400.5%
AbbVie, Inc.4.250% 11/21/20490.5%
Santander Consumer Auto Receivables Trust 2020-B1.290% 04/15/20260.5%
NextGear Floorplan Master Owner Trust3.210% 02/15/20240.5%
United Technologies Corp.2.250% 07/01/20300.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.5%
Boeing Co.4.875% 05/01/20250.5%
Palmer Square Loan Funding 2018-1 Ltd0.875% 04/15/20260.5%
Biogen Idec, Inc.2.250% 05/01/20300.5%
Cox Communications, Inc.8.375% 03/01/20390.4%
Wells Fargo & Co.2.188% 04/30/20260.4%
BAT Capital Corp4.390% 08/15/20370.4%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.4%
Alcon Finance Corp2.600% 05/27/20300.4%
GS Mortgage Securities Corp Trust 2019-70P1.162% 10/15/20360.4%
NiSource, Inc.3.490% 05/15/20270.4%
OneMain Financial Issuance Trust 2020-21.750% 09/14/20350.4%
Santander Drive Auto Receivables Trust 2018-53.810% 12/16/20240.4%
Wabtec Corp.4.950% 09/15/20280.4%
Boeing Co.5.150% 05/01/20300.4%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.4%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.4%
PSEG Power LLC8.625% 04/15/20310.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
Bank of America Corp.3.593% 07/21/20280.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Atrium Hotel Portfolio Trust 2017-ATRM1.092% 12/15/20360.4%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.4%
CPS Auto Trust4.610% 12/15/20220.4%
First Investors Auto Owner Trust 2019-13.020% 03/17/20250.3%
Stryker Corp.1.950% 06/15/20300.3%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.3%
Palmer Square Loan Funding 2018-5 Ltd1.122% 01/20/20270.3%
DTE Electric Co2.625% 03/01/20310.3%
Boeing Co.5.040% 05/01/20270.3%
LoanCore 2019-CRE3 Issuer Ltd1.212% 04/15/20340.3%
Netflix, Inc.6.375% 05/15/20290.3%
Bermuda Government International Bond2.375% 08/20/20300.3%
Kraft Heinz Foods Co.4.375% 06/01/20460.3%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
NextGear Floorplan Master Owner Trust2.560% 10/17/20220.3%
Roper Industries, Inc.1.400% 09/15/20270.3%
CSC Holdings LLC5.500% 04/15/20270.3%
AT&T, Inc.6.250% 03/29/20410.3%
Chesapeake Funding II LLC2.940% 04/15/20310.3%
GS Mortgage Securities Corp Trust 2019-70P1.482% 10/15/20360.3%
National Australia Bank Ltd.3.933% 08/02/20340.3%
Boston Scientific Corp.2.650% 06/01/20300.3%
JP Morgan Chase Commercial Mortgage Securities Tru1.162% 06/15/20320.3%
Ally Financial, Inc.8.000% 11/01/20310.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
KVK CLO 2016-1 Ltd2.525% 01/15/20290.3%
CSAIL 2016-C7 Commercial Mortgage Trust4.533% 11/15/20490.3%
American Express Credit Account Master Trust3.070% 10/15/20240.3%
GS Mortgage Securities Corp Trust 2019-SMP1.312% 08/15/20320.3%
Cenovus Energy, Inc.5.400% 06/15/20470.3%
Kayne CLO 7 Ltd2.607% 04/17/20330.3%
Drive Auto Receivables Trust 2019-14.090% 06/15/20260.3%
Occidental Petroleum Corp.7.875% 09/15/20310.3%
JPMorgan Chase & Co.3.782% 02/01/20280.3%
Palmer Square Loan Funding 2020-1 Ltd1.053% 02/20/20280.3%
Alibaba Group Holding Ltd.3.600% 11/28/20240.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Glencore Funding LLC4.875% 03/12/20290.2%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.2%
Garda World Security Corp4.625% 02/15/20270.2%
Tencent Holdings Ltd.3.595% 01/19/20280.2%
ME Funding LLC 2019-16.448% 07/30/20490.2%
NRG Energy, Inc.4.450% 06/15/20290.2%
Oglethorpe Power Corp.5.950% 11/01/20390.2%
Amur Equipment Finance Receivables V LLC3.740% 04/22/20240.2%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.2%
Western Digital Corp.4.750% 02/15/20260.2%
Emera US Finance L.P.4.750% 06/15/20460.2%
DISH DBS Corp.7.750% 07/01/20260.2%
Development Bank of Japan Inc1.000% 08/27/20300.2%
AMC Networks, Inc.4.750% 08/01/20250.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.2%
Qatar Government International Bond3.250% 06/02/20260.2%
Regeneron Pharmaceuticals, Inc.1.750% 09/15/20300.2%
CF Trust 2019-MF12.950% 08/21/20320.2%
Florida Gas Transmission Co., LLC2.550% 07/01/20300.2%
Credit Suisse Commercial Mortgage Securities Corp1.412% 01/15/20340.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Exelon Generation Co. LLC3.250% 06/01/20250.2%
Credit Suisse Mortgage Capital Certificates1.700% 04/25/20650.2%
CVS Caremark Corp.3.625% 04/01/20270.2%
Saudi Arabian Oil Co2.875% 04/16/20240.2%
Nigeria Government International Bond6.375% 07/12/20230.2%
Global Payments, Inc.3.200% 08/15/20290.2%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.2%
Westlake Automobile Receivables Trust 2020-12.520% 04/15/20250.2%
AES Corp.5.125% 09/01/20270.2%
Morgan Stanley3.625% 01/20/20270.2%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.2%
MPH Acquisition Holdings LLC7.125% 06/01/20240.2%
Mexichem SAB de CV4.875% 09/19/20220.2%
Oaktree EIF III Series I Ltd2.272% 10/20/20270.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
Petroleos Mexicanos4.500% 01/23/20260.2%
COMM 2014-UBS4 Mortgage Trust4.863% 08/10/20470.2%
UnitedHealth Group, Inc.3.875% 12/15/20280.2%
Adient Global Holdings Ltd.4.875% 08/15/20260.2%
Altria Group, Inc.4.800% 02/14/20290.2%
Ford Motor Co.7.450% 07/16/20310.2%
Springleaf Finance Corp.5.375% 11/15/20290.2%
Gap, Inc.8.625% 05/15/20250.2%
Federal National Mortgage Assoc.4.000% 01/01/20480.2%
MEDNAX, Inc.6.250% 01/15/20270.2%
Installed Building Products, Inc.5.750% 02/01/20280.2%
Imperial Tobacco Finance plc3.875% 07/26/20290.2%
Navistar International Corp.9.500% 05/01/20250.2%
Wells Fargo & Co.2.393% 06/02/20280.2%
GrubHub Holdings Inc5.500% 07/01/20270.2%
BAE Systems plc3.400% 04/15/20300.2%
Murphy Oil USA, Inc.4.750% 09/15/20290.2%
NVR, Inc.3.000% 05/15/20300.2%
XPO Logistics, Inc.6.250% 05/01/20250.2%
Match Group Holdings II LLC4.125% 08/01/20300.2%
Banff Merger Sub Inc9.750% 09/01/20260.2%
IRB Holding Corp7.000% 06/15/20250.2%
Viking Cruises Ltd.13.000% 05/15/20250.2%
Select Medical Corp.6.250% 08/15/20260.2%
Century Communities, Inc.6.750% 06/01/20270.2%
Westlake Automobile Receivables Trust 2019-13.260% 10/17/20220.2%
HCA, Inc.5.250% 06/15/20260.2%
TEGNA, Inc.5.000% 09/15/20290.2%
Yum! Brands, Inc.7.750% 04/01/20250.2%
Universal Health Services, Inc.5.000% 06/01/20260.2%
Discover Bank4.682% 08/09/20280.2%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.2%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.2%
IDEX Corp.3.000% 05/01/20300.2%
Aircastle Ltd.4.250% 06/15/20260.2%
American Express Credit Account Master Trust2.860% 11/15/20240.2%
CF Industries, Inc.4.950% 06/01/20430.2%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.2%
Perimeter Master Note Business Trust6.020% 12/15/20220.2%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.2%
National Fuel Gas Co.5.500% 01/15/20260.2%
Lithia Motors, Inc.4.625% 12/15/20270.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
M360 2019-CRE2 LLC2.012% 09/15/20340.2%
GS Mortgage Securities Corp Trust 2019-SMP1.662% 08/15/20320.2%
Ammc Clo 19 Ltd.2.825% 10/16/20280.2%
Ammc Clo 19 Ltd.2.075% 10/16/20280.2%
Great Wolf Trust 2019-WOLF1.196% 12/15/20360.2%
Sprint Capital Corp.6.875% 11/15/20280.2%
Navient Corp.6.750% 06/25/20250.2%
Westlake Automobile Receivables Trust 2018-33.320% 10/16/20230.2%
Octagon Investment Partners 30 Ltd1.972% 03/17/20300.2%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.2%
Cargill Inc2.125% 04/23/20300.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
Parsley Energy LLC5.625% 10/15/20270.2%
Jabil, Inc.3.000% 01/15/20310.2%
Carnival Corp.11.500% 04/01/20230.2%
Foursight Capital Automobile Receivables Trust 2015.560% 01/16/20240.2%
PFP 2019-6 Ltd1.858% 04/14/20370.2%
GLS Auto Receivables Issuer Trust 2020-31.920% 05/15/20250.2%
E*TRADE Financial Corp.5.875% 12/31/20990.2%
Wells Fargo Commercial Mortgage Trust4.411% 07/15/20460.2%
Watco Cos. LLC / Watco Finance Corp.6.500% 06/15/20270.2%
Salem Fields CLO Ltd 2016-21.395% 10/25/20280.2%
Triton Container Finance VI LLC4.190% 06/22/20430.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
AstraZeneca plc4.000% 01/17/20290.2%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.2%
BMW Vehicle Owner Trust 2019-A2.050% 05/25/20220.2%
EQT Corp.7.875% 02/01/20250.2%
Saudi Government International Bond3.625% 03/04/20280.2%
Rite Aid Corp.8.000% 11/15/20260.2%
COMM 2015-DC1 Mortgage Trust4.454% 02/10/20480.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
Capital Auto Receivables Asset Trust 2018-23.270% 06/20/20230.2%
First Investors Auto Owner Trust 2019-22.710% 12/15/20250.2%
Owens Corning4.300% 07/15/20470.2%
Sunac China Holdings Ltd7.875% 02/15/20220.2%
Boyd Gaming Corp.6.000% 08/15/20260.2%
Capital One Prime Auto Receivables Trust 2019-22.060% 09/15/20220.2%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.2%
Protective Life Corp.8.450% 10/15/20390.2%
Tenet Healthcare Corp.7.000% 08/01/20250.2%
Minerva Luxembourg SA5.875% 01/19/20280.2%
Penn National Gaming, Inc.5.625% 01/15/20270.2%
Marble Point CLO XVII Ltd1.572% 04/20/20330.2%
Textainer Marine Containers VII Ltd4.110% 07/20/20430.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.2%
Stanley Black & Decker, Inc.4.000% 03/15/20600.2%
Buckeye Partners L.P.6.375% 01/22/20780.2%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.2%
Viper Energy Partners LP5.375% 11/01/20270.2%
Freeport-McMoRan, Inc.4.250% 03/01/20300.1%
CPS Auto Receivables Trust 2019-D2.540% 08/15/20240.1%
EPR Properties4.950% 04/15/20280.1%
CPS Auto Receivables Trust 2019-D2.350% 11/15/20230.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.1%
Vail Resorts, Inc.6.250% 05/15/20250.1%
Avolon Holdings Funding Ltd5.250% 05/15/20240.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
WPX Energy, Inc.5.750% 06/01/20260.1%
Mattel, Inc.6.750% 12/31/20250.1%
Egypt Government International Bond6.588% 02/21/20280.1%
MHP Lux SA6.250% 09/19/20290.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
Plains All American Pipeline L.P.6.125% 12/31/20990.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Ukraine Government7.750% 09/01/20230.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Jamestown CLO VI-R Ltd1.395% 04/25/20300.1%
Citigroup, Inc.3.980% 03/20/20300.1%
Drive Auto Receivables Trust4.160% 05/15/20240.1%
Goodman US Finance Three LLC3.700% 03/15/20280.1%
Volkswagen Group of America Finance LLC3.125% 05/12/20230.1%
TRTX 2019-FL3 Issuer Ltd2.262% 10/15/20340.1%
DaVita, Inc.3.750% 02/15/20310.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.1%
Ball Corp.2.875% 08/15/20300.1%
Newell Rubbermaid, Inc.5.875% 04/01/20360.1%
National Securities Clearing Corp1.500% 04/23/20250.1%
Zhenro Properties Group Ltd8.650% 01/21/20230.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Deephaven Residential Mortgage Trust 2019-32.964% 07/25/20590.1%
Park Aerospace Holdings Ltd5.500% 02/15/20240.1%
Morgan Stanley4.431% 01/23/20300.1%
Listrindo Capital BV4.950% 09/14/20260.1%
LifePoint Hospitals, Inc.4.375% 02/15/20270.1%
JD.com, Inc.3.375% 01/14/20300.1%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.1%
CF Trust 2019-MF12.650% 08/21/20320.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
Angel Oak Mortgage Trust I LLC 2019-42.993% 07/26/20490.1%
Carlisle Cos., Inc.2.750% 03/01/20300.1%
Quest Diagnostics, Inc.2.800% 06/30/20310.1%
Trimble Navigation Ltd.4.900% 06/15/20280.1%
Royalty Pharma PLC1.750% 09/02/20270.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Westpac Banking Corp.4.110% 07/24/20340.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Prestige Auto Receivables Trust 2017-13.610% 10/16/20230.1%
Michigan Fin Auth3.084% 12/01/20340.1%
BBCMS 2019-BWAY Mortgage Trust1.772% 11/25/20340.1%
AI Candelaria Spain SLU7.500% 12/15/20280.1%
Halcyon Loan Advisors Funding 2015-3 Ltd1.172% 10/18/20270.1%
Petroleos Mexicanos5.350% 02/12/20280.1%
COMM Mortgage Trust4.530% 07/10/20500.1%
New Residential Mortgage Loan Trust 2019-NQM32.802% 07/25/20490.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.1%
Vertical US Newco Inc5.250% 07/15/20270.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Anthem, Inc.2.250% 05/15/20300.1%
PFP 2019-6 Ltd2.258% 04/14/20370.1%
Kookmin Bank1.750% 05/04/20250.1%
Diamondback Energy, Inc.5.375% 05/31/20250.1%
Volkswagen Group of America Finance LLC3.350% 05/13/20250.1%
COMM Mortgage Trust3.902% 07/10/20500.1%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.1%
JP Morgan Chase Commercial Mortgage Securities Cor1.912% 09/15/20290.1%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.1%
Range Resources Corp.9.250% 02/01/20260.1%
Citigroup, Inc.2.666% 01/29/20310.1%
JP Morgan Chase Commercial Mortgage Securities Cor2.812% 09/15/20290.1%
ServiceNow, Inc.1.400% 09/01/20300.1%
JP Morgan Chase Commercial Mortgage Securities Cor3.512% 09/15/20290.1%
Tronox Inc6.500% 04/15/20260.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Southwestern Energy Co.7.750% 10/01/20270.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
Qatar Government International Bond5.103% 04/23/20480.1%
JP Morgan Chase Commercial Mortgage Securities Cor4.512% 09/15/20290.1%
Pulte Group, Inc.5.000% 01/15/20270.1%
Consolidated Communications, Inc.6.500% 10/01/20220.1%
Colt Merger Sub Inc8.125% 07/01/20270.1%
Forterra Finance LLC / FRTA Finance Corp6.500% 07/15/20250.1%
Walgreen Co.3.200% 04/15/20300.1%
Western Gas Partners L.P.5.050% 02/01/20300.1%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.1%
Nationstar Mortgage Holdings, Inc.5.500% 08/15/20280.1%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.1%
Fifth Third Auto Trust 2019-12.660% 05/16/20220.1%
Continental Resources, Inc.3.800% 06/01/20240.1%
Scientific Games International, Inc.8.250% 03/15/20260.1%
Centene Corp.3.375% 02/15/20300.1%
FMG Finance Pty Ltd.4.500% 09/15/20270.1%
Radiology Partners Inc9.250% 02/01/20280.1%
United Rentals, Inc.4.000% 07/15/20300.1%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.1%
Drive Auto Receivables Trust 2019-42.840% 11/17/20250.1%
GS Mortgage Securities Corp Trust 2019-70P0.506% 10/15/20360.1%
Apache Corp.4.625% 11/15/20250.1%
PetSmart, Inc.5.875% 06/01/20250.1%
JP Morgan Chase Commercial Mortgage Securities Cor5.512% 09/15/20290.1%
SOUND POINT CLO XVII1.872% 10/20/20300.1%
Westlake Automobile Receivables Trust 2019-32.410% 10/15/20240.1%
Logan Merger Sub Inc5.500% 09/01/20270.1%
CIT Group, Inc.6.125% 03/09/20280.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
Nouryon Holding BV8.000% 10/01/20260.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.462% 06/15/20320.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
Ameriprise Financial, Inc.3.000% 04/02/20250.1%
Natixis Commercial Mortgage Securities Trust 2019-0.633% 10/15/20360.1%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.1%
Netflix, Inc.4.875% 06/15/20300.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
National Oilwell Varco, Inc.3.600% 12/01/20290.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
FAGE International SA/ FAGE USA Dairy Industry Inc5.625% 08/15/20260.1%
Murphy Oil Corp.5.875% 12/01/20270.1%
CrownRock L.P./CrownRock Finance, Inc.5.625% 10/15/20250.1%
BSPRT 2018-FL4 Issuer Ltd1.212% 09/15/20350.1%
Citgo Petroleum Corp.7.000% 06/15/20250.1%
Zayo Group Holdings, Inc.4.000% 03/01/20270.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Bayer Corp6.650% 02/15/20280.1%
PetSmart, Inc.8.875% 06/01/20250.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Citgo Holding, Inc.9.250% 08/01/20240.1%
U.S. Treasury Note/Bond0.625% 08/15/20300.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
Leidos, Inc.7.125% 07/01/20320.1%
Credit Acceptance Auto Loan Trust 2017-33.480% 10/15/20260.1%
Dominion Gas Holdings LLC4.600% 12/15/20440.1%
Westlake Automobile Receivables Trust 2019-13.450% 03/15/20240.1%
Jamestown CLO IX Ltd2.922% 10/20/20280.1%
San Antonio, TX3.527% 07/01/20400.1%
Avery Point VII CLO Ltd2.725% 01/15/20280.1%
Greywolf CLO IV Ltd2.223% 04/17/20300.1%
Sound Point Clo XII Ltd2.072% 10/20/20280.1%
Avery Point VII CLO Ltd2.025% 01/15/20280.1%
Mountain View CLO 2017-1 LLC2.021% 10/16/20290.1%
Northwoods Capital 20 Ltd4.495% 01/25/20300.1%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.1%
KKR Clo 17 Ltd1.925% 04/15/20290.1%
KKR CLO 18 Ltd1.972% 07/18/20300.1%
ALM VII Ltd3.825% 07/15/20290.1%
Oaktree CLO 2014-11.544% 05/13/20290.1%
Jackson Mill CLO Ltd.1.105% 04/15/20270.1%
M360 2019-CRE2 LLC2.412% 09/15/20340.1%
Quicken Loans LLC5.750% 05/01/20250.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
ENI SpA5.700% 10/01/20400.1%
Macquarie Group Ltd.4.654% 03/27/20290.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Perusahaan Listrik Negara PT5.250% 10/24/20420.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Griffon Corp.5.750% 03/01/20280.1%
Tenet Healthcare Corp.6.250% 02/01/20270.1%
Banco do Brasil SA4.625% 01/15/20250.1%
Trillium Credit Card Trust II0.524% 09/26/20230.1%
ITC Holdings Corp.3.350% 11/15/20270.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Advocate Health & Hospitals Corp3.387% 10/15/20490.1%
Danske Bank A/S5.375% 01/12/20240.1%
Cigna Corp1.493% 09/17/20210.1%
COMM 2017-COR2 Mortgage Trust3.803% 09/10/20500.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Chinalco Capital Holdings Ltd4.000% 08/25/20210.1%
World Omni Auto Receivables Trust 2017-A1.930% 09/15/20220.1%
Kaisa Group Holdings Ltd.11.950% 10/22/20220.1%
AT&T, Inc.4.300% 02/15/20300.1%
Perusahaan Listrik Negara PT4.125% 05/15/20270.1%
Longfor Properties Co. Ltd.4.500% 01/16/20280.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Pertamina Persero PT4.700% 07/30/20490.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
Cemex, S.A.B. de C.V.5.450% 11/19/20290.1%
Prosus NV3.680% 01/21/20300.1%
Ford Credit Auto Owner Trust 2019-REV13.520% 07/15/20300.1%
MHP Lux SA6.950% 04/03/20260.1%
Kernel Holding SA8.750% 01/31/20220.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Tengizchevroil Finance Co. International Ltd.3.250% 08/15/20300.1%
JPMorgan Chase & Co.3.960% 01/29/20270.1%
CSN Resources SA7.625% 02/13/20230.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
California7.625% 03/01/20400.1%
CF Trust 2019-BOSS3.412% 12/15/20210.1%
Yuzhou Properties Co. Ltd.6.000% 10/25/20230.1%
Egypt Government International Bond4.550% 11/20/20230.1%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.1%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.1%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.1%
Tenneco, Inc.5.375% 12/15/20240.1%
Dominion Resources, Inc.7.000% 06/15/20380.1%
New Jersey Edl Facs Auth3.636% 09/01/20290.1%
Prestige Auto Receivables Trust 2019-13.900% 05/15/20260.1%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.1%
Elm CLO 2014-1 Ltd2.023% 01/17/20290.1%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.1%
BorgWarner, Inc.2.650% 07/01/20270.1%
Eskom Holdings SOC Ltd.5.750% 01/26/20210.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
Chesapeake Funding II LLC1.990% 05/15/20290.1%
Wells Fargo Commercial Mortgage Trust 2017-HSDB1.014% 12/13/20310.1%
BBCMS 2019-BWAY Mortgage Trust1.118% 11/25/20340.1%
MEG Energy Corp.7.125% 02/01/20270.1%
Healthcare Realty Trust, Inc.2.400% 03/15/20300.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Republic of Turkey5.250% 03/13/20300.1%
Republic of Turkey4.250% 04/14/20260.1%
Hecla Mining Co.7.250% 02/15/20280.1%
PayPal Holdings, Inc.3.250% 06/01/20500.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Wells Fargo Commercial Mortgage Trust 2014-LC163.817% 08/15/20500.1%
CoStar Group, Inc.2.800% 07/15/20300.1%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.1%
Match Group Holdings II LLC5.625% 02/15/20290.1%
Assurant, Inc.3.700% 02/22/20300.1%
LMREC 2019-CRE3 Inc1.583% 12/22/20350.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
World Omni Automobile Lease Securitization Trust 22.890% 11/15/20210.1%
BB-UBS Trust3.430% 11/05/20360.1%
BAMLL Trust4.420% 07/11/20330.1%
Republic of Peru2.392% 01/23/20260.1%
Dominion Resources, Inc.3.375% 04/01/20300.1%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
Activision Blizzard, Inc.1.350% 09/15/20300.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
BX Commercial Mortgage Trust 2019-XL1.612% 10/15/20360.1%
Las Vegas Sands Corp.3.900% 08/08/20290.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.1%
Statoil ASA1.750% 01/22/20260.1%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.1%
LifePoint Hospitals, Inc.6.750% 04/15/20250.1%
GS Mortgage Securities Trust3.557% 04/10/20310.1%
AmeriCredit Automobile Receivables Trust 2019-32.170% 01/18/20230.1%
Tenet Healthcare Corp.6.750% 06/15/20230.1%
Micron Technology, Inc.2.497% 04/24/20230.1%
Coca-Cola Femsa SAB de CV1.850% 09/01/20320.1%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.1%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
Apache Corp.4.375% 10/15/20280.1%
OneMain Financial Issuance Trust 2019-13.480% 02/14/20310.1%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
BX Commercial Mortgage Trust 2019-XL1.412% 10/15/20360.1%
Vertical Midco GmbH4.375% 07/15/20270.1%
WPX Energy, Inc.5.250% 09/15/20240.1%
Fontainebleau Miami Beach Trust 2019-FBLU3.144% 12/10/20360.0%
Aquarion Co.4.000% 08/15/20240.0%
Dell International LLC / EMC Corp6.020% 06/15/20260.0%
Diamondback Energy, Inc.4.750% 05/31/20250.0%
Toll Brothers Finance Corp.4.350% 02/15/20280.0%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.625% 01/15/20270.0%
Mattel, Inc.5.450% 11/01/20410.0%
California7.300% 10/01/20390.0%
TCF Auto Receivables Owner Trust 2016-PT11.930% 06/15/20220.0%
Adventist Health System/West2.952% 03/01/20290.0%
California Hlth Facs Fing Auth3.034% 06/01/20340.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Amsted Industries, Inc.4.625% 05/15/20300.0%
Warrior Met Coal Inc8.000% 11/01/20240.0%
Netflix, Inc.3.625% 06/15/20250.0%
Zayo Group Holdings, Inc.6.125% 03/01/20280.0%
GreatAmerica Leasing Receivables Funding LLC Serie3.210% 02/18/20250.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.0%
SURA Asset Management SA4.875% 04/17/20240.0%
Pepperdine University3.301% 12/01/20590.0%
Carvana Auto Receivables Trust 2019-32.420% 04/15/20220.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
Drive Auto Receivables Trust 2019-42.320% 06/15/20220.0%
Ford Credit Auto Owner Trust 2018-REV23.470% 01/15/20300.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Owens Corning7.000% 12/01/20360.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.0%
Cent CLO Ltd.1.600% 10/29/20250.0%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.0%
First National Master Note Trust 2018-10.622% 10/15/20240.0%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.0%
J.P. Morgan Chase Commercial Mortgage Securities T3.392% 06/05/20320.0%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.0%
CPS Auto Receivables Trust 2017-C3.790% 06/15/20230.0%
NextGear Floorplan Master Owner Trust4.010% 10/15/20230.0%
PFS Financing Corp.2.890% 02/15/20230.0%
Fontainebleau Miami Beach Trust 2019-FBLU3.447% 12/10/20360.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
TAL Advantage VI LLC4.500% 04/20/20420.0%
ACC Trust 2019-14.470% 10/20/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.742% 09/05/20320.0%
West Town Mall Trust 2017-KNOX3.823% 07/05/20300.0%
BDS 2019-FL3 LTD1.561% 12/15/20350.0%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.0%
Popular, Inc.6.125% 09/14/20230.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
Exantas Capital Corp 2019-RSO7 Ltd1.661% 04/15/20360.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
Atrium Hotel Portfolio Trust 2018-ATRM1.112% 06/15/20350.0%
GS Mortgage Securities Corp Trust 2018-RIVR1.112% 07/15/20350.0%
BX Commercial Mortgage Trust 2019-XL1.962% 10/15/20360.0%
BAMLL Commercial Mortgage Securities Trust 2019-AH1.762% 03/15/20340.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Eni USA Inc7.300% 11/15/20270.0%
A10 Bridge Asset Financing LLC3.300% 05/15/20360.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Intertape Polymer Group Inc7.000% 10/15/20260.0%
BBCMS 2019-BWAY Mortgage Trust1.472% 11/25/20340.0%
Chesapeake Funding II LLC1.910% 08/15/20290.0%
SLM Student Loan Trust 2007-30.305% 01/25/20220.0%
Ashland, Inc.6.875% 05/15/20430.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Santander UK plc7.950% 10/26/20290.0%
GS Mortgage Securities Corp Trust 2019-SMP0.587% 08/15/20320.0%
Exantas Capital Corp 2019-RSO7 Ltd1.161% 04/15/20360.0%
NRG Energy, Inc.5.750% 01/15/20280.0%
BX Commercial Mortgage Trust 2018-BIOA0.833% 03/15/20370.0%
RETL 2019-RVP2.262% 03/15/20360.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.0%
BBCMS 2018-TALL Mortgage Trust2.599% 03/15/20370.0%
COMM Mortgage Trust4.290% 07/10/20500.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
AutoNation, Inc.4.750% 06/01/20300.0%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.0%
BX Trust 2018-GW0.962% 05/15/20350.0%
COMM Mortgage Trust4.530% 07/10/20500.0%
Drive Auto Receivables Trust 2017-13.840% 03/15/20230.0%
COMM Mortgage Trust4.349% 12/10/20470.0%
Natixis Commercial Mortgage Securities Trust 2018-3.917% 11/15/20320.0%
Natixis Commercial Mortgage Securities Trust 2018-3.917% 11/15/20320.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
Wells Fargo Commercial Mortgage Trust4.238% 05/15/20480.0%
WFRBS Commercial Mortgage Trust4.461% 03/15/20480.0%
WFRBS Commercial Mortgage Trust5.049% 08/15/20450.0%
Toll Brothers Finance Corp.4.875% 03/15/20270.0%
WPX Energy, Inc.8.250% 08/01/20230.0%
GS Mortgage Securities Trust4.662% 11/10/20470.0%
GM Financial Automobile Leasing Trust 2019-22.670% 03/21/20220.0%
Universal Health Services, Inc.4.750% 08/01/20220.0%
Citigroup, Inc.4.450% 09/29/20270.0%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
HealthSouth Corp.4.500% 02/01/20280.0%
Hilton Orlando Trust 2018-ORL0.932% 12/15/20340.0%
AREIT 2018-CRE2 Trust1.138% 11/14/20350.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
GM Financial Automobile Leasing Trust 2019-22.670% 06/21/20210.0%
Charter Communications Operating LLC6.484% 10/23/20450.0%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.0%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.0%
SG Commercial Mortgage Securities Trust 2019-787E0.456% 02/15/20410.0%
Leidos, Inc.5.500% 07/01/20330.0%
JP Morgan Chase Commercial Mortgage Securities Cor4.767% 07/05/20310.0%
Fifth Third Auto Trust 2019-12.690% 11/16/20260.0%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.0%
Hardee's Funding LLC4.959% 06/20/20480.0%
PHEAA Student Loan Trust I0.515% 04/25/20380.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.762% 06/15/20320.0%
Motel 6 Trust 2017-MTL63.412% 08/15/20340.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
WFRBS Commercial Mortgage Trust3.863% 03/15/20480.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.407% 07/05/20330.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.0%
Neuberger Berman Group LLC4.500% 03/15/20270.0%
Norbord, Inc.6.250% 04/15/20230.0%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.0%
Orec 2018-CRE1 Ltd1.342% 06/15/20360.0%
Bank of America Corp.3.824% 01/20/20280.0%
E*TRADE Financial Corp.4.500% 06/20/20280.0%
BAT Capital Corp3.557% 08/15/20270.0%
Macquarie Bank Ltd.6.625% 04/07/20210.0%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.0%
SCF Equipment Leasing 2019-1 LLC3.040% 03/20/20230.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
Government National Mortgage Association2.650% 11/16/20500.0%
Brightsphere Investment Group Inc4.800% 07/27/20260.0%
Quality Distribution, Inc.9.500% 08/18/20230.0%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.0%
BCD Acquisition, Inc.9.625% 09/15/20230.0%
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 Trust4.411% 07/15/20480.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.020% 11/15/20350.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.350% 11/15/20350.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.107% 07/05/20330.0%
COMM Mortgage Trust4.530% 07/10/20500.0%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.931% 06/10/20270.0%
Orange Lake Timeshare Trust 2015-A2.880% 09/08/20270.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
South Carolina Electric & Gas Co.6.625% 02/01/20320.0%
Kinross Gold Corp.5.950% 03/15/20240.0%
PPL Corp.5.200% 07/15/20410.0%
Bank of America Corp.4.000% 01/22/20250.0%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.829% 10/15/20450.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
ACC Trust 2018-14.820% 05/20/20210.0%
First Investors Auto Owner Trust2.410% 12/15/20220.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.0%
Tapstone Energy Holdings III, LLC0.000% 06/01/20220.0%
CAN 5YR FUT DEC200.000% 12/31/20200.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp0.000% -0.0%
US 10YR ULTRA FUT DEC200.000% 12/31/20200.0%
US LONG BOND(CBT) DEC200.000% 12/31/20200.0%
US ULTRA BOND CBT DEC200.000% 12/31/20200.0%
EURO-SCHATZ FUT SEP200.000% 09/10/20200.0%
FX USD/CAD 09/200.000% 09/15/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%

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 09/30/2020
$0.347
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 09/30/2020 $0.03659 $15.59
Daily Daily 08/31/2020 $0.03743 $15.65
Daily Daily 07/31/2020 $0.03960 $15.71
Daily Daily 06/30/2020 $0.04053 $15.31
Daily Daily 05/31/2020 $0.04061 $15.15
Daily Daily 04/30/2020 $0.04287 $14.93
Daily Daily 03/31/2020 $0.04105 $14.63
Daily Daily 02/29/2020 $0.03508 $15.64
Daily Daily 01/31/2020 $0.03403 $15.54

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

Yield

Yield

Dividend Yield as of 09/30/2020  

  Subsidized Un-Subsidized
w/o sales charge 2.82% 2.38%

30-Day Standardized Yield as of 08/31/2020  

Subsidized Un-Subsidized
1.96% 1.87%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 08/31/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
1.42% 0.98%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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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 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 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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