Image alt tag

Page not optimized for mobile browsing

DST vision is best viewed on desktop and tablet

The Muni-Ladder Interest Rate Scenario Tool is only available on desktop and tablet.

PROCEED GO TO LORDABBETT.COM

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)
View All Tracked Funds
View All Tracked Funds

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Check Out Go Literature Center

A verification Email Has Been Sent

An email verification email has been sent to .
Follow the instructions to complete the email validation process.

I have not received my verification email

Check your SPAM mailbox and make sure that twelcome@lordabbett.com is allowed to send you mail.

I'm still having trouble

If you're still having trouble verifying your email address. feel free to contact us.

1-888-522-2388
clientservices@lordabbett.com


OK

We're sorry. We found no record of the email address you provided.

Register For a LordAbbett.com Account
Using Your Email Address.

  • Registered Financial Advisors gain access to:
  • Our data mining tool, Insight & Intelligence
  • Best in-class practice management content
  • Educational events, videos and podcasts.
  • The Lord Abbett Review - Subscribe now!

Registered but Having Problems?

If you believe you are registered and are having problems verifying your email address, feel free to contact us.

1-888-522-2388 clientservices@lordabbett.com

Terms & Condition

These Terms of Use ("Terms of Use") are made between the undersigned user ("you") and Lord, Abbett & Co. ("we" or "us"). They become effective on the date that you electronically execute these Terms of Use ("Effective Date").

A. You are a successful financial consultant that markets securities, including the Lord Abbett Family of Funds;

B. We have developed the Lord Abbett Intelligence System (the "Intelligence System"), a state of the art information resource that we make available to a limited community of broker/dealers through the Internet at a secure Web site (the "LAIS Site"); and

C. We wish to provide access to the Intelligence System to you as an information tool responsive to the demands of your successful business pursuant to these Terms of Use. Accordingly, you and we, intending to be legally bound, hereby agree as follows:]

1. Overview. · Scope. These Terms of Use (which we may amend from time to time) govern your use of the Intelligence System. · Revisions; Changes. We may amend these Terms of Use at any time by posting amended Terms of Use ("Amended Terms of Use") on the LAIS Site. Any Amended Terms of Use will become effective immediately upon posting. Your use of the Intelligence System after any Amended Terms of Use become effective will be deemed to constitute your acceptance of those Amended Terms of Use.We may modify or discontinue the Intelligence System at any time, temporarily or permanently, with or without notice to you. Purpose of the Intelligence System. The Intelligence System is intended to be an information resource that you may use to contribute to your business research. The Intelligence System is for broker/dealer use only; it is not to be used with the public in oral, written or electronic form. The information on the Intelligence System and LAIS Site is for your information only and is neither the tax, legal or investment advice of Lord Abbett or its third-party sources nor their recommendation to purchase or sell any security.

2. Your Privileges. · Personal Use. Your use of the Intelligence System is a nontransferable privilege granted by us to you and that we may deny, suspend or revoke at any time, with or without cause or notice. · Access to and Use of the Intelligence System. The User ID and password (together, an "Access ID") issued by us to you (as subsequently changed by you from time to time) is for your exclusive access to and use of the Intelligence System. You will: (a) be responsible for the security and use of your Access ID, (b) not disclose your Access ID to anyone and (c) not permit anyone to use your Access ID. Any access or use of the Intelligence System through the use of your Access ID will be deemed to be your actions, for which you will be responsible. · Required Technology. You must provide, at your own cost and expense, the equipment and services necessary to access and use the Intelligence System. At any time, we may change the supporting technology and services necessary to use the Intelligence System. · Availability. We make no guarantee that you will be able to access the Intelligence System at any given time or that your access will be uninterrupted, error-free or free from unauthorized security breaches.

3. Rights in Data. Our use of information collected from you will be in accordance with our Privacy Policy posted on the LAIS Site. Our compliance with our Privacy Policy will survive any termination of these Terms of Use or of your use of the Intelligence System.

4. Your Conduct in the Use of the Intelligence System. You may access, search, view and store a personal copy of the information contained on the LAIS Site for your use as a broker/dealer. Any other use by you of the Intelligence System and the information contained on the LAIS Site these Terms of Use is strictly prohibited. Without limiting the preceding sentence, you will not: · Engage in or permit any reproduction, copying, translation, modification, adaptation, creation of derivative works from, distribution, transmission, transfer, republication, compilation or decompilation, reverse engineering, display, removal or deletion of the Intelligence System, any portion thereof, or any data, content or information provided by us or any of our third-party sources in any form, media or technology now existing or hereafter developed, that is not specifically authorized under these Terms of Use.

· Remove, obscure or alter any notice, disclaimer or other disclosure affixed to or contained within the Intelligence System, including any copyright notice, trademark and other proprietary rights notices and any legal notices regarding the data, content or information provided through the Intelligence System.

· Create a hyperlink to, frame or use framing techniques to enclose any information found anywhere on the LAIS Site without our express prior written consent.

· Impersonate any person, or falsely state or otherwise misrepresent his or her affiliation with any person in connection with any use of the Intelligence System.

· Breach or attempt to breach the security of the Intelligence System or any network, servers, data, or computers or other hardware relating to or used in connection with the Intelligence System; nor (b) use or distribute through the Intelligence System software or other tools or devices designed to interfere with or compromise the privacy, security or use of the Intelligence System by others or the operations or assets of any person.

· Violate any applicable law, including, without limitation, any state federal securities laws. 5. Your Representations and Warranties. You hereby represent and warrant to us, for our benefit, as of the time of these Terms of Use and for so long as you continue to use the Intelligence System, that (a) you are, and will continue to be, in compliance with these Terms of Use and any applicable laws and (b) you are authorized to provide to us the information we collect, as described in our Privacy Policy.

6. Disclaimer of Warranties.

· General Disclaimers.

THE INTELLIGENCE SYSTEM, THE LAIS SITE AND ALL DATA, INFORMATION AND CONTENT ON THE LAIS SITE ARE PROVIDED "AS IS" AND “AS AVAILABLE” AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND. WITHOUT LIMITING THE PRECEDING SENTENCE, LORD ABBETT, ITS AFFILIATES, AGENTS, THIRD-PARTY SUPPLIERS AND LICENSORS, AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, DIRECTORS, OFFICERS AND SHAREHOLDERS (COLLECTIVELY, THE “LORD ABBETT GROUP”) EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NONINFRINGEMENT. YOU EXPRESSLY AGREE THAT YOUR USE OF THE LAIS SITE, THE INTELLIGENCE SYSTEM, AND THE DATA, INFORMATION AND CONTENT PRESENTED THERE ARE AT YOUR SOLE RISK AND THAT THE LORD ABBETT GROUP WILL NOT BE RESPONSIBLE FOR ANY (A) ERRORS OR INACCURACIES IN THE DATA, CONTENT AND INFORMATION ON THE LAIS SITE AND THE INTELLIGENCE SYSTEM OR (B) ANY TERMINATION, SUSPENSION, INTERRUPTION OF SERVICES, OR DELAYS IN THE OPERATION OF THE LAIS SITE OR THE INTELLIGENCE SYSTEM.

· Disclaimer Regarding Investment Research.

THE INTELLIGENCE SYSTEM INCORPORATES DATA, CONTENT AND INFORMATION FROM VARIOUS SOURCES THAT WE BELIEVE TO BE ACCURATE AND RELIABLE. HOWEVER, THE LORD ABBETT GROUP MAKES NO CLAIMS, REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY, TIMELINESS, COMPLETENESS OR TRUTHFULNESS OF SUCH DATA, CONTENT AND INFORMATION. YOU EXPRESSLY AGREE THAT YOU ARE RESPONSIBLE FOR INDEPENDENTLY VERIFYING YOUR INVESTMENT RESEARCH PRIOR TO FORMING YOUR INVESTMENT DECISIONS OR RENDERING INVESTMENT ADVICE. THE LORD ABBETT GROUP WILL NOT BE LIABLE FOR ANY INVESTMENT DECISION MADE BY YOU OR ANY OTHER PERSON BASED UPON THE DATA, CONTENT AND INFORMATION PROVIDED THROUGH THE INTELLIGENCE SYSTEM OR ON THE LAIS SITE.

· Survival.

THIS SECTION 6 SHALL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM..

7. Limitations on Liability.

NONE OF THE MEMBERS OF THE LORD ABBETT GROUP WILL BE LIABLE TO YOU OR ANY OTHER PERSON FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES (INCLUDING LOSS OF PROFITS, LOSS OF USE, TRANSACTION LOSSES, OPPORTUNITY COSTS, LOSS OF DATA, OR INTERRUPTION OF BUSINESS) RESULTING FROM, ARISING OUT OF OR IN ANY WAY RELATING TO THE INTELLIGENCE SYSTEM, THE LAIS SITE OR YOUR USE THEREOF, EVEN IF THE LORD ABBETT GROUP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION 7 WILL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM.

8. Miscellaneous Provisions.

· Governing Law. This Agreement will governed by and construed in accordance with the laws of the State of New York, without giving effect to applicable conflicts of law principles.

THE UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT OR ANY VERSION THEREOF, ADOPTED BY ANY STATE, IN ANY FORM ("UCITA") WILL NOT APPLY TO THESE TERMS OF USE. TO THE EXTENT THAT UCITA IS APPLICABLE, THE PARTIES HEREBY AGREE TO OPT OUT OF THE APPLICABILITY OF UCITA PURSUANT TO THE OPT-OUT PROVISION(S) CONTAINED THEREIN.

The Intelligence System is not intended to be used by consumers, nor are the consumer protection laws of any jurisdiction intended to apply to the Intelligence System. You agree to initiate and maintain any action, suit or proceeding relating to these Terms of Use or arising out of the use of the Intelligence System exclusively in the courts, state and federal, located in or having jurisdiction over New York County, New York.

YOU HEREBY CONSENT TO THE PERSONAL JURISDICTION AND VENUE OF THE COURTS, STATE AND FEDERAL, LOCATED IN OR HAVING JURISDICTION OVER NEW YORK COUNTY, NEW YORK. YOU AGREE THAT YOU WILL NOT OBJECT TO A PROCEEDING BROUGHT IN YOUR LOCAL JURISDICTION TO ENFORCE AN ORDER OR JUDGMENT OBTAINED IN NEW YORK.

· Relationship of Parties. The parties to these Terms of Use are independent contractors and nothing in these Terms of Use will be construed as creating an employment relationship, joint venture, partnership, agency or fiduciary relationship between the parties.

· Notice. All notices provided under these Terms of Use will be in writing and will be deemed effective: (a) when delivered personally, (b) when received by electronic delivery, (c) one business day after deposit with a commercial overnight carrier specifying next day delivery, with written verification of receipt, or (d) three business days after having been sent by registered or certified mail, return receipt requested. We will only accept notices from you in English and by conventional mail addressed to: General Counsel Lord, Abbett & Co. 90 Hudson Street Jersey City, N.J. 07302-3973 We may give you notice by conventional mail or electronic mail addressed to the last mail or electronic mail address transmitted by you to us.

· Third-Party Beneficiaries. The members of the Lord Abbett Group are third-party beneficiaries of the rights and benefits provided to us under these Terms of Use. You understand and agree that any right or benefit available to us or any member of the Lord Abbett Group hereunder will also be deemed to accrue to the benefit of, and may be exercised directly by, any member of the Lord Abbett Group to the extent applicable.

· Survival. This Section 8 will survive any termination of these Terms of Use or your use of the Intelligence System. The undersigned hereby signs these Terms of Use. By electronically signing and clicking "Accept" below, these Terms of Use will be legally binding on me. To sign these Terms of Use, confirm your full name and enter your User ID and Password (as your electronic signature) in the fields indicated below and click the “I Accept” button.

Cancel Accept

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

Core Plus Bond Fund

Daily price w/o sales charge as of 01/18/2019

$14.53

arrowDown$0.01

YTD Returns w/o sales charge as of 01/18/2019

0.73%

Overall Morningstar Ratings

Intermediate-Term Bond
as of 12/31/2018

Morningstar rated the Lord Abbett Core Plus Bond Fund class R3 share 4 stars among 876 Intermediate-Term Bond Funds for the overall rating and the 3 year periods ended 12/31/2018, respectively.

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

Click here to view all legal text including risk information

Summary

Summary

What is the Core Plus Bond Fund?

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

Yield

Dividend Yield 1 as of 01/18/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.90% 2.07%

30-Day Standardized Yield 2 as of 12/31/2018  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.72% 1.91%

Fund Basicsas of 12/31/2018

Total Net Assets
$14.34 M
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.81%
Fund Net Expense Ratio
0.98%
Number of Holdings
416
CUSIP
54401E523

Fund Expense Ratio :

Gross 2.81%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.23% -1.23% 2.76% - - 2.50%
Lipper Category Avg. Core Plus Bond Funds -0.90% -0.90% 2.60% - - -
Bloomberg Barclays U.S. Universal Index -0.26% -0.26% 2.56% - - 2.39%

Fund Expense Ratio :

Gross 2.81%

Net 0.98%

Fund Expense Ratio :

Gross 2.81%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.23% -1.23% 2.76% - - 2.50%
Lipper Category Avg. Core Plus Bond Funds -0.90% -0.90% 2.60% - - -
Bloomberg Barclays U.S. Universal Index -0.26% -0.26% 2.56% - - 2.39%

Fund Expense Ratio :

Gross 2.81%

Net 0.98%

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

Type Assets
MBS
ABS
Investment Grade Corporate
High Yield Corporate
CMBS
U.S. Government Related
Bank Loans
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 12/31/2018 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

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

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

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

Partner & Portfolio Manager

21 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Supported By 66 Investment Professionals with 14 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 01/18/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.90% 2.07%

30-Day Standardized Yield 2 as of 12/31/2018  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.72% 1.91%

Fund Expense Ratio :

Gross 2.81%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.23% -1.23% 2.76% - - 2.50%
Lipper Category Avg. Core Plus Bond Funds -0.90% -0.90% 2.60% - - -
Bloomberg Barclays U.S. Universal Index -0.26% -0.26% 2.56% - - 2.39%

Fund Expense Ratio :

Gross 2.81%

Net 0.98%

Fund Expense Ratio :

Gross 2.81%

Net 0.98%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.23% -1.23% 2.76% - - 2.50%
Lipper Category Avg. Core Plus Bond Funds -0.90% -0.90% 2.60% - - -
Bloomberg Barclays U.S. Universal Index -0.26% -0.26% 2.56% - - 2.39%

Fund Expense Ratio :

Gross 2.81%

Net 0.98%

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

Portfolio

Portfolio

Rating Assets
MBS
ABS
Investment Grade Corporate
High Yield Corporate
CMBS
U.S. Government Related
Bank Loans
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 12/31/2018

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

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 12/31/2018

  • We hold the view that U.S. domestic growth will separate from global weakness. Despite the recent market volatility and downturn of some soft economic indicators, we are cautiously optimistic in the U.S. economy as the labor market remains tight. We continue to believe that inflation expectations will gradually increase, and we remain focused on domestic opportunities given the potential for increased volatility and event risk abroad.
  • We trimmed a portion of the portfolio’s MBS exposure in October due to tighter spreads. In November, we added back to MBS as volatility and spread widening led to more attractive valuations, bringing the allocation from a slight underweight to an overweight relative to the benchmark.
  • We reduced the portfolio’s exposure to U.S. Treasuries over the quarter, using the capital as a source of financing for the portfolio’s increase in MBS exposure. We continue to trade a range with respect to MBS spread to Treasuries.
  • We modestly increased the portfolio’s exposure to asset-backed securities (ABS) and commercial mortgage-backed securities (CMBS) during the quarter. We continue to favor high-quality ABS where we find strong carry opportunities relative to other high-quality assets, primarily within credit card and auto-related ABS. In addition, we found relative value in equipment dealer and franchise-related ABS over the quarter. In terms of CMBS, we continue to find certain single asset/single borrower deals attractive and remain attracted to the domestic nature of the asset class as well as its diversification benefits.

Portfolio Details as of 12/31/2018

Total Net Assets
$14.34 M
Number of Issues
416
Average Coupon
4.12%
Average Life
7.22 Years
Average Maturity
7.22 Years
Average Effective Duration
5.54 Years
Average Modified Duration
5.94 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
FNMA Conventional Long T. 30yr 4.500% 06/30/2048 22.4%
FNMA Conventional Long T. 30yr 4.000% 05/31/2048 9.4%
U.S. Treasury Note 0.625% 04/15/2023 4.2%
TCI-Flatiron CLO 2016-1 Ltd 3.999% 07/17/2028 1.8%
Seneca Park CLO Ltd. 3.569% 07/17/2026 1.6%
Citibank Credit Card Issuance Trust 1.740% 01/19/2021 1.4%
Discover Card Execution Note Trust 2.120% 12/15/2021 1.4%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl 3.650% 02/01/2026 1.0%
Citigroup, Inc. 3.887% 01/10/2028 1.0%
U.S. Treasury Note 0.500% 01/15/2028 1.0%
% of Total Assets 45.2%

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.

Holding Coupon Maturity Assets
FNMA Conventional Long T. 30yr4.500% 05/31/204821.9%
FNMA Conventional Long T. 30yr4.000% 05/31/20488.7%
U.S. Treasury Note0.625% 04/15/20234.6%
TCI-Flatiron CLO 2016-1 Ltd3.999% 07/17/20282.0%
Seneca Park CLO Ltd.3.569% 07/17/20261.7%
Toronto-Dominion Bank3.350% 10/22/20211.6%
Citibank Credit Card Issuance Trust1.740% 01/19/20211.6%
Discover Card Execution Note Trust2.120% 12/15/20211.6%
Federal Home Loan Bank0.000% 02/06/20191.3%
InterXion Holding NV4.750% 06/15/20250.9%
Citigroup, Inc.3.887% 01/10/20280.9%
Royal Bank of Canada3.350% 10/22/20210.9%
AT&T, Inc.6.000% 08/15/20400.8%
American Express Credit Account Master Trust1.640% 12/15/20210.8%
BBCMS Trust4.197% 08/10/20350.8%
ACC Trust 2018-14.820% 05/20/20210.8%
Atrium Hotel Portfolio Trust 2018-ATRM3.257% 06/15/20350.8%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.8%
GS Mortgage Securities Corp Trust 2018-RIVR3.257% 07/15/20350.8%
Discover Card Execution Note Trust1.640% 07/15/20210.8%
Synchrony Credit Card Master Note Trust2.040% 03/15/20220.8%
GMF Floorplan Owner Revolving Trust1.960% 05/17/20210.8%
Barclays Dryrock Issuance Trust2.410% 07/15/20220.8%
Federal Home Loan Bank0.000% 02/15/20190.8%
Ford Credit Auto Owner Trust 2014-REV22.310% 04/15/20260.8%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.8%
Chase Issuance Trust1.270% 07/15/20210.8%
PFS Financing Corp.2.890% 02/15/20230.8%
Synchrony Credit Card Master Note Trust1.580% 09/15/20220.8%
Credit Suisse Mortgage Capital Certificates3.938% 11/15/20340.8%
BB-UBS Trust3.430% 11/05/20360.8%
FNMA Conventional Long T. 30yr3.500% 01/31/20480.8%
Ford Credit Auto Owner Trust 2017-REV12.620% 08/15/20280.8%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.8%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.7%
COMM Mortgage Trust4.588% 07/10/20500.7%
Synchrony Credit Card Master Note Trust2.620% 10/15/20250.7%
Eni USA Inc7.300% 11/15/20270.6%
Chesapeake Funding II LLC1.880% 06/15/20280.6%
Foursight Capital Automobile Receivables Trust 2012.850% 08/16/20210.6%
Navient Student Loan Trust 2017-23.365% 12/27/20660.6%
Chesapeake Funding II LLC1.910% 08/15/20290.6%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.6%
World Financial Network Credit Card Master Trust3.140% 01/17/20230.6%
BX Commercial Mortgage Trust 2018-BIOA2.978% 03/15/20370.6%
Chesapeake Funding II LLC1.990% 05/15/20290.5%
Hyundai Auto Lease Securitization Trust 2017-C1.890% 03/16/20200.5%
Wells Fargo Commercial Mortgage Trust4.422% 07/15/20460.5%
Dell International LLC / EMC Corp6.020% 06/15/20260.5%
UBS Commercial Mortgage Trust 2018-C144.448% 12/15/20510.5%
Engs Commercial Finance Trust 2018-12.970% 02/22/20210.5%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.5%
Flagship Credit Auto Trust 2017-42.920% 11/15/20230.5%
Drive Auto Receivables Trust2.750% 10/15/20200.5%
General Motors Co.6.600% 04/01/20360.5%
Shelter Growth CRE 2018-FL1 Issuer Ltd3.307% 01/15/20350.5%
ACC Trust 2018-13.700% 12/21/20200.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
Time Warner Cable LLC6.550% 05/01/20370.4%
Chesapeake Funding II LLC2.110% 03/15/20280.4%
21st Century Fox America, Inc.7.750% 12/01/20450.4%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
Diamond Resorts Owner Trust4.110% 10/22/20290.4%
Mercedes-Benz Auto Lease Trust 2018-B3.040% 12/15/20200.4%
Macquarie Group Ltd.4.654% 03/27/20290.4%
Ford Motor Co.7.450% 07/16/20310.4%
Wells Fargo Commercial Mortgage Trust4.266% 05/15/20480.4%
World Financial Network Credit Card Master Trust2.310% 08/15/20240.4%
DLL 2018-2 LLC3.140% 10/20/20200.4%
Drive Auto Receivables Trust5.150% 08/15/20220.4%
WFRBS Commercial Mortgage Trust5.056% 08/15/20450.4%
COMM Mortgage Trust4.588% 07/10/20500.4%
WFRBS Commercial Mortgage Trust4.487% 03/15/20480.4%
COMM Mortgage Trust4.349% 12/10/20470.4%
Valero Energy Corp.10.500% 03/15/20390.4%
GS Mortgage Securities Trust4.659% 11/10/20470.4%
Hilton Orlando Trust 2018-ORL3.077% 12/15/20340.4%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.3%
General Electric Co.6.150% 08/07/20370.3%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
PHEAA Student Loan Trust I2.760% 04/25/20380.3%
Nvent Finance Sarl4.550% 04/15/20280.3%
Kerr-McGee Corp.7.875% 09/15/20310.3%
California Republic Auto Receivables Trust2.530% 06/15/20210.3%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.3%
JP Morgan Chase Commercial Mortgage Securities Cor4.128% 07/05/20310.3%
Wells Fargo Capital X5.950% 12/15/20360.3%
National Oilwell Varco, Inc.2.600% 12/01/20220.3%
JP Morgan Chase Commercial Mortgage Securities Tru3.307% 06/15/20320.3%
Wabtec Corp.4.700% 09/15/20280.3%
Santander UK plc7.950% 10/26/20290.3%
BX Trust 2018-GW3.107% 05/15/20350.3%
BMW Vehicle Owner Trust 2018-A2.090% 11/25/20200.3%
Government National Mortgage Association2.700% 08/16/20580.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Drive Auto Receivables Trust3.040% 11/15/20210.3%
Energy Transfer Operating LP6.125% 12/15/20450.3%
Exelon Generation Co. LLC5.600% 06/15/20420.3%
Diamond Resorts Owner Trust2.990% 05/22/20280.3%
Motel 6 Trust 2017-MTL65.557% 08/15/20340.3%
Protective Life Corp.8.450% 10/15/20390.3%
Daimler Trucks Retail Trust 2018-12.600% 05/15/20200.3%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.3%
Drive Auto Receivables Trust 2018-53.080% 07/15/20210.3%
SPX FLOW, Inc.5.625% 08/15/20240.3%
Government National Mortgage Association2.750% 02/16/20580.3%
Government National Mortgage Association2.700% 04/16/20570.2%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc6.750% 06/15/20220.2%
Government National Mortgage Association2.600% 06/16/20570.2%
TCF Auto Receivables Owner Trust3.530% 03/15/20220.2%
Sirius XM Radio, Inc.5.000% 08/01/20270.2%
World Financial Network Credit Card Master Trust1.980% 06/15/20230.2%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Charter Communications Operating LLC6.484% 10/23/20450.2%
Rain CII Carbon LLC7.250% 04/01/20250.2%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.2%
VEREIT Operating Partnership L.P.3.950% 08/15/20270.2%
Capital One Multi-Asset Execution Trust1.330% 06/15/20220.2%
Fidelity National Financial Group4.500% 08/15/20280.2%
Foursight Capital Automobile Receivables Trust 2012.870% 10/15/20210.2%
Transocean Proteus Ltd.6.250% 12/01/20240.2%
American International Group, Inc.4.700% 07/10/20350.2%
Tesla Motors, Inc.5.300% 08/15/20250.2%
Dell International LLC / EMC Corp.8.350% 07/15/20460.2%
Hilton Orlando Trust 2018-ORL4.007% 12/15/20340.2%
Drive Auto Receivables Trust 2018-52.407% 07/15/20210.2%
Caesars Palace Las Vegas Trust 2017-VICI4.499% 10/15/20340.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
J.P. Morgan Chase Commercial Mortgage Securities T3.914% 07/05/20330.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
MSCI, Inc.5.750% 08/15/20250.2%
Mercedes-Benz Auto Lease Trust 2018-A2.200% 04/15/20200.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
Aquarion Co.4.000% 08/15/20240.2%
IRB Holding Corp6.750% 02/15/20260.2%
Con-way, Inc.6.700% 05/01/20340.2%
Bombardier, Inc.7.500% 03/15/20250.2%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.2%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.2%
GS Mortgage Securities Corp Trust 2018-FBLU5.057% 11/15/20350.2%
Ashland, Inc.6.875% 05/15/20430.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Navient Corp.6.750% 06/25/20250.2%
WFRBS Commercial Mortgage Trust3.488% 09/15/20570.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
California Resources Corp.8.000% 12/15/20220.2%
J.P. Morgan Chase Commercial Mortgage Securities T4.248% 07/05/20330.2%
Federal Home Loan Mortgage Corp.3.444% 12/25/20270.2%
Community Health Systems, Inc.8.000% 11/15/20190.2%
JPMorgan Chase & Co.3.782% 02/01/20280.2%
Drive Auto Receivables Trust3.010% 11/15/20210.2%
MEG Energy Corp.6.375% 01/30/20230.2%
Drive Auto Receivables Trust3.720% 09/16/20240.2%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.2%
DISH DBS Corp.7.750% 07/01/20260.2%
Kennametal, Inc.4.625% 06/15/20280.2%
GS Mortgage Securities Corp Trust 2018-FBLU3.257% 11/15/20350.2%
Orec 2018-CRE1 Ltd3.487% 06/15/20360.2%
Drive Auto Receivables Trust2.780% 10/15/20200.2%
Kraft Heinz Foods Co.6.875% 01/26/20390.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Leidos, Inc.7.125% 07/01/20320.2%
Canadian Natural Resources Ltd.3.850% 06/01/20270.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
CarMax Auto Owner Trust2.440% 11/16/20200.2%
William Lyon Homes, Inc.5.875% 01/31/20250.2%
Ford Credit Floorplan Master Owner Trust A2.160% 09/15/20220.2%
Rockies Express Pipeline LLC6.875% 04/15/20400.2%
Pacific Gas & Electric Co.6.050% 03/01/20340.2%
CCO Holdings LLC / CCO Holdings Capital Corp.5.750% 02/15/20260.2%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.2%
T-Mobile USA, Inc.6.500% 01/15/20260.2%
BWAY Holding Co.7.250% 04/15/20250.2%
Solera Finance, Inc.10.500% 03/01/20240.2%
Continental Resources, Inc.4.900% 06/01/20440.2%
Helmerich & Payne International Drilling Co.4.650% 03/15/20250.2%
Weight Watchers International, Inc.8.625% 12/01/20250.2%
Crosby Group (KKR)5.306% 11/22/20200.2%
Vistra Energy Corp7.625% 11/01/20240.2%
UTEX Industries6.345% 05/22/20210.2%
Cablevision Systems Corp.5.875% 09/15/20220.2%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
AMC Networks, Inc.4.750% 12/15/20220.2%
Conn's, Inc.7.250% 07/15/20220.2%
Pulte Group, Inc.5.500% 03/01/20260.2%
WellCare Health Plans, Inc.5.250% 04/01/20250.2%
York Risk Services6.095% 10/01/20210.2%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.2%
Americredit Automobile Receivables Trust 2018-32.530% 01/18/20220.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Eldorado Resorts, Inc.6.000% 04/01/20250.2%
Goodman US Finance Three LLC3.700% 03/15/20280.2%
South Carolina Electric & Gas Co.6.050% 01/15/20380.2%
Weight Watchers International, Inc.7.150% 11/29/20240.2%
CEC Entertainment, Inc.8.000% 02/15/20220.2%
Brink's Co/The4.625% 10/15/20270.2%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.2%
Sprint Capital Corp.6.875% 11/15/20280.2%
Amgen, Inc.6.400% 02/01/20390.2%
JP Morgan Chase Commercial Mortgage Securities Tru4.407% 06/15/20320.2%
Polaris Intermediate Corp8.500% 12/01/20220.1%
Oglethorpe Power Corp.5.050% 10/01/20480.1%
California Republic Auto Receivables Trust 2017-11.900% 03/15/20210.1%
United Rentals, Inc.4.875% 01/15/20280.1%
American Credit Acceptance Receivables Trust 2018-2.720% 03/10/20210.1%
Barrick North America Finance LLC7.500% 09/15/20380.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic7.875% 12/15/20240.1%
Bank of America Corp.3.824% 01/20/20280.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Macquarie Bank Ltd.6.625% 04/07/20210.1%
E*TRADE Financial Corp.4.500% 06/20/20280.1%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.1%
Colonial Pipeline Co.4.250% 04/15/20480.1%
Morgan Stanley4.000% 07/23/20250.1%
Fluor Corp.4.250% 09/15/20280.1%
Pulte Group, Inc.7.875% 06/15/20320.1%
Goldman Sachs Group, Inc.6.750% 10/01/20370.1%
HCA, Inc.7.500% 11/06/20330.1%
Hillman Group, Inc.6.375% 07/15/20220.1%
Summit Materials LLC5.125% 06/01/20250.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Netflix, Inc.5.750% 03/01/20240.1%
Drive Auto Receivables Trust3.020% 11/15/20210.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.1%
Burlington Northern Santa Fe LLC5.750% 05/01/20400.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di6.625% 05/15/20220.1%
BAT Capital Corp3.557% 08/15/20270.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Popular, Inc.6.125% 09/14/20230.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.000% 12/01/20240.1%
CIT Group, Inc.6.000% 04/01/20360.1%
Dow Chemical Co.9.400% 05/15/20390.1%
Sealed Air Corp.5.500% 09/15/20250.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
Prime Security Services Borrower LLC / Prime Finan9.250% 05/15/20230.1%
First Investors Auto Owner Trust2.410% 12/15/20220.1%
Government National Mortgage Association2.700% 07/16/20570.1%
Freeport-McMoRan, Inc.3.875% 03/15/20230.1%
TNT Crane and Rigging6.886% 11/27/20200.1%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.1%
General Electric Co.2.962% 05/05/20260.1%
Santander Drive Auto Receivables Trust 2018-12.100% 11/16/20200.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Monitronics International, Inc.9.125% 04/01/20200.1%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The3.157% 01/15/20330.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Government National Mortgage Association2.650% 11/16/20500.1%
Quicken Loans Inc5.250% 01/15/20280.1%
Citigroup, Inc.4.450% 09/29/20270.1%
Carnival plc7.875% 06/01/20270.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Equinix, Inc.5.875% 01/15/20260.1%
CenturyLink, Inc.6.750% 12/01/20230.1%
Quality Distribution, Inc.10.886% 08/18/20230.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Government National Mortgage Association2.750% 02/16/20580.1%
HCA, Inc.5.500% 06/15/20470.1%
CNO Financial Group, Inc.5.250% 05/30/20250.1%
WPX Energy, Inc.5.250% 09/15/20240.1%
Men's Wearhouse, Inc.7.000% 07/01/20220.1%
Valeant Pharmaceuticals International, Inc.5.625% 12/01/20210.1%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.1%
Norbord, Inc.6.250% 04/15/20230.1%
Drive Auto Receivables Trust4.160% 05/15/20240.1%
Netflix, Inc.4.375% 11/15/20260.1%
Drive Auto Receivables Trust3.910% 05/17/20210.1%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
OM Asset Management plc4.800% 07/27/20260.1%
Goldman Sachs Group, Inc.4.223% 05/01/20290.1%
Citgo Holding, Inc.10.750% 02/15/20200.1%
J.P. Morgan Chase Commercial Mortgage Securities T4.950% 07/05/20330.1%
J.P. Morgan Chase Commercial Mortgage Securities T4.549% 07/05/20330.1%
Expedia, Inc.5.000% 02/15/20260.1%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.1%
Trimble Navigation Ltd.4.900% 06/15/20280.1%
Caesars Palace Las Vegas Trust 2017-VICI4.499% 10/15/20340.1%
Drive Auto Receivables Trust3.340% 09/15/20220.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr3.327% 11/15/20350.1%
J.P. Morgan Chase Commercial Mortgage Securities T3.264% 07/05/20330.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr3.657% 11/15/20350.1%
EPR Properties4.750% 12/15/20260.1%
Government National Mortgage Association2.600% 07/16/20580.1%
First Investors Auto Owner Trust2.720% 04/17/20230.1%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.1%
COMM Mortgage Trust4.588% 07/10/20500.1%
Peabody Energy Corp.6.375% 03/31/20250.1%
JPMBB Commercial Mortgage Securities Trust4.440% 07/15/20480.1%
Morgan Stanley3.625% 01/20/20270.1%
Drive Auto Receivables Trust2.610% 08/16/20210.1%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.1%
Acadia Healthcare Co., Inc.5.625% 02/15/20230.1%
Vulcan Materials Co.4.700% 03/01/20480.1%
Intelsat Connect Finance SA9.500% 02/15/20230.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Dell International LLC / EMC Corp.5.450% 06/15/20230.1%
Reynolds American, Inc.5.700% 08/15/20350.1%
Santander Drive Auto Receivables Trust2.650% 08/17/20200.1%
California Republic Auto Receivables Trust2.660% 08/17/20200.1%
Bayer Corp6.650% 02/15/20280.1%
Cleco Power LLC6.000% 12/01/20400.1%
Bank of America Corp.4.450% 03/03/20260.1%
Westlake Automobile Receivables Trust 2017-21.800% 07/15/20200.1%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.1%
SM Energy Co.6.625% 01/15/20270.1%
Six Flags Entertainment Corp.5.500% 04/15/20270.1%
Dell International LLC / EMC Corp7.125% 06/15/20240.1%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.1%
SunTrust Auto Receivables Trust1.780% 01/15/20210.1%
Mercedes-Benz Auto Receivables Trust 2016-11.260% 02/16/20210.1%
South Carolina Electric & Gas Co.6.625% 02/01/20320.1%
Kinross Gold Corp.5.950% 03/15/20240.1%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.1%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.1%
Bank of America Corp.4.000% 01/22/20250.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Flagship Credit Auto Trust 2017-31.880% 10/15/20210.1%
PPL Corp.5.200% 07/15/20410.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
AMC Networks, Inc.4.750% 08/01/20250.1%
Chesapeake Energy Corp.7.500% 10/01/20260.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
Toronto-Dominion Bank3.625% 09/15/20310.1%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
American Credit Acceptance Receivables Trust 2016-6.090% 05/12/20220.0%
Williams Scotsman International Inc6.875% 08/15/20230.0%
Republic of Argentina4.625% 01/11/20230.0%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.0%
FX USD/EUR 12/180.000% 12/07/20180.0%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.0%
Pennsylvania5.350% 05/01/20300.0%
MGM Growth Properties Operating Partnership LP / M5.625% 05/01/20240.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.0%
Central Garden & Pet Co.5.125% 02/01/20280.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
AmeriCredit Automobile Receivables Trust 2017-31.690% 12/18/20200.0%
Grinding Media, Inc. / MC Grinding Media Canada, I7.375% 12/15/20230.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Acadia Healthcare Co., Inc.6.500% 03/01/20240.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Morgan Stanley3.875% 01/27/20260.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
GM Financial Automobile Leasing Trust 2016-31.610% 12/20/20190.0%
General Electric Co.3.150% 09/07/20220.0%
Comcast Corp.3.969% 11/01/20470.0%
GM Financial Automobile Leasing Trust 2017-21.720% 01/21/20200.0%
Ally Auto Receivables Trust 2017-51.810% 06/15/20200.0%
AmeriCredit Automobile Receivables Trust 2015-32.080% 09/08/20200.0%
Flagship Credit Auto Trust2.380% 10/15/20200.0%
Honda Auto Receivables 2016-2 Owner Trust1.390% 04/15/20200.0%
Ascentium Equipment Receivables 2017-1 Trust1.870% 07/10/20190.0%
Commercial Mortgage Backed Index Swap0.500% 11/18/20540.0%
Conn's Receivables Funding 2017-B LLC2.730% 07/15/20200.0%
California Republic Auto Receivables Trust 2016-21.560% 07/15/20200.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Drive Auto Receivables Trust2.510% 01/15/20210.0%
Mercedes-Benz Auto Receivables Trust1.340% 12/16/20190.0%
US 2YR NOTE (CBT) MAR190.000% 04/03/20190.0%
US LONG BOND(CBT) MAR190.000% 03/29/20190.0%
US ULTRA BOND CBT MAR190.000% 03/29/20190.0%
EURO-SCHATZ FUT DEC180.000% 12/10/20180.0%
US 10YR NOTE (CBT)MAR190.000% 03/29/20190.0%
US 10YR ULTRA FUT MAR190.000% 03/29/20190.0%
US 5YR NOTE (CBT) MAR190.000% 04/03/20190.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Credit Index Swap1.000% 12/20/20230.0%
Commercial Mortgage Backed Index Swap0.500% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.500% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.500% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.500% 09/17/2058-0.1%
Commercial Mortgage Backed Index Swap0.350% 09/17/2058-0.1%
Commercial Mortgage Backed Index Swap0.500% 09/17/2058-0.1%

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 01/18/2019
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2018 $0.04726 $14.45
Daily Daily 11/30/2018 $0.05065 $14.41
Daily Daily 10/31/2018 $0.04273 $14.46
Daily Daily 09/30/2018 $0.04345 $14.63
Daily Daily 08/31/2018 $0.04358 $14.67
Daily Daily 07/31/2018 $0.04485 $14.66
Daily Daily 06/30/2018 $0.04419 $14.65
Daily Daily 05/31/2018 $0.04386 $14.71
Daily Daily 04/30/2018 $0.04436 $14.72
Daily Daily 03/31/2018 $0.04224 $14.84
Daily Daily 02/28/2018 $0.03823 $14.85
Daily Daily 01/31/2018 $0.03710 $15.02

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2019
Daily Daily 02/28/2019
Daily Daily 03/31/2019
Daily Daily 04/30/2019
Daily Daily 05/31/2019
Daily Daily 06/30/2019
Daily Daily 07/31/2019
Daily Daily 08/31/2019
Daily Daily 09/30/2019
Daily Daily 10/31/2019
Daily Daily 11/30/2019
Daily Daily 12/31/2019

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2018

Fund Gross Expense Ratio Fund Net Expense Ratio
2.81% 0.98%

Expense ratio details, Click here.

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
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

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
 Quantity
Quantity
 Remove
Remove
+

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 in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. 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. The fund performance history at this time is very limited; therefore, performance achieved during its initial period of investment operation may not be replicated over longer periods and may not be indicative of how the Fund will perform in the future. 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.

 

 

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 Bloomberg Barclays U.S. Universal Index represents the union of the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index. Municipal debt, private placements, and non-dollar-denominated issues are excluded from the Universal Index. The only constituent of the index that includes floating-rate debt is the Emerging Markets Index.

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.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field