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 11/16/2018

$14.44

arrowUp$0.02

YTD Returns w/o sales charge as of 11/16/2018

-1.56%

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 11/16/2018  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.87% 2.04%
w/ sales charge 3.78% 1.99%

30-Day Standardized Yield 2 as of 10/31/2018  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.51% 1.77%

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

Expense Ratioas of 10/31/2018

Expense ratio details, Click here.

Fund Basicsas of 10/31/2018

Total Net Assets
$13.04 M
Inception Date
12/08/2015
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
383
CUSIP
54401E572
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 2.51%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.59% -1.31% - - - 2.74%
Lipper Category Avg. Core Plus Bond Funds -2.28% -2.02% - - - -
Bloomberg Barclays U.S. Universal Index -2.23% -1.95% - - - 1.83%
w/ sales charge -3.81% -3.54% - - - 1.94%

Fund Expense Ratio :

Gross 2.51%

Net 0.68%

Fund Expense Ratio :

Gross 2.51%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -0.75% -0.27% - - - 3.13%
Lipper Category Avg. Core Plus Bond Funds -1.46% -1.09% - - - -
Bloomberg Barclays U.S. Universal Index -1.41% -1.00% - - - 2.19%
w/ sales charge -2.99% -2.51% - - - 2.31%

Fund Expense Ratio :

Gross 2.51%

Net 0.68%

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

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

Type Assets
ABS
MBS
Investment Grade Corporate
High Yield Corporate
U.S. Government Related
CMBS
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 10/31/2018 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

24 Years of Industry Experience

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

Partner & Portfolio Manager

20 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

17 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

27 Years of Industry Experience

Supported By 63 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 11/16/2018  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.87% 2.04%
w/ sales charge 3.78% 1.99%

30-Day Standardized Yield 2 as of 10/31/2018  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.51% 1.77%

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

Fund Expense Ratio :

Gross 2.51%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -1.59% -1.31% - - - 2.74%
Lipper Category Avg. Core Plus Bond Funds -2.28% -2.02% - - - -
Bloomberg Barclays U.S. Universal Index -2.23% -1.95% - - - 1.83%
w/ sales charge -3.81% -3.54% - - - 1.94%

Fund Expense Ratio :

Gross 2.51%

Net 0.68%

Fund Expense Ratio :

Gross 2.51%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge -0.75% -0.27% - - - 3.13%
Lipper Category Avg. Core Plus Bond Funds -1.46% -1.09% - - - -
Bloomberg Barclays U.S. Universal Index -1.41% -1.00% - - - 2.19%
w/ sales charge -2.99% -2.51% - - - 2.31%

Fund Expense Ratio :

Gross 2.51%

Net 0.68%

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

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

Portfolio

Portfolio

Rating Assets
ABS
MBS
Investment Grade Corporate
High Yield Corporate
U.S. Government Related
CMBS
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 10/31/2018

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 09/30/2018

  • We remain optimistic that the U.S. economy will continue to grow at a moderate pace, helped by the implementation of tax cuts, high consumer confidence, prospects of deregulation, and strong fundamentals. However, given current valuations and the potential for volatility, we continue to closely monitor the risks to the portfolio. We are seeking carry-oriented and idiosyncratic opportunities that would provide uncorrelated sources of return to the portfolio.
  • We reduced the portfolio’s exposure to investment grade corporates, as spreads tightened over the course of the quarter, and used this as a source of capital for additions to mortgage-backed securities (MBS) and commercial mortgage-backed securities (CMBS), which are asset classes more domestic in nature and less sensitive to global weakness.
  • We specifically added to higher coupon MBS to the portfolio, which offered better protection against a continued rising rate environment. We also increased the portfolio’s position to CMBS which continued to outperform other fixed income asset classes, led by persistent spread tightening. Within CMBS we were able to find idiosyncratic opportunities, specifically within ‘BBB’ rated credits, and favorable relative value opportunities within single asset/single-borrower deals across the credit spectrum.
  • We also modestly increased the portfolio’s allocation to underperforming emerging markets, and specifically found compelling opportunities in Argentine securities.

Portfolio Details as of 10/31/2018

Total Net Assets
$13.04 M
Number of Issues
383
Average Coupon
3.98%
Average Life
7.62 Years
Average Maturity
7.62 Years
Average Effective Duration
5.56 Years
Average Modified Duration
5.95 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% 05/31/2047 16.0%
U.S. Treasury Note 0.625% 04/15/2023 4.5%
U.S. Treasury Note/Bond 2.875% 05/15/2028 4.5%
FNMA Conventional Long T. 30yr 4.000% 03/31/2047 3.1%
U.S. Treasury Note/Bond 3.000% 02/15/2048 2.3%
TCI-Flatiron CLO 2016-1 Ltd 3.999% 07/17/2028 2.0%
Seneca Park CLO Ltd. 3.569% 07/17/2026 1.7%
Citibank Credit Card Issuance Trust 1.740% 01/19/2021 1.6%
Toronto-Dominion Bank 3.350% 10/22/2021 1.6%
Discover Card Execution Note Trust 2.120% 12/15/2021 1.6%
% of Total Assets 38.9%

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% 05/31/204715.9%
FNMA Conventional Long T. 30yr4.000% 04/30/20478.2%
United States Treasury Bill0.000% 12/13/20183.9%
U.S. Treasury Note/Bond2.875% 09/30/20233.4%
U.S. Treasury Note/Bond2.875% 05/15/20283.3%
TCI-Flatiron CLO 2016-1 Ltd3.886% 07/17/20281.9%
Seneca Park CLO Ltd.3.456% 07/17/20261.9%
U.S. Treasury Note/Bond3.000% 02/15/20481.8%
Discover Card Execution Note Trust2.120% 12/15/20211.5%
Citigroup, Inc.3.887% 01/10/20281.1%
InterXion Holding NV4.750% 06/15/20251.0%
Federal Home Loan Mortgage Corp.4.000% 08/01/20470.9%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.9%
AT&T, Inc.6.000% 08/15/20400.8%
BBCMS Trust4.197% 08/10/20350.8%
Atrium Hotel Portfolio Trust 2018-ATRM3.108% 06/15/20350.8%
GS Mortgage Securities Corp Trust 2018-RIVR3.108% 07/15/20350.8%
Citibank Credit Card Issuance Trust1.740% 01/19/20210.8%
ACC Trust 2018-14.820% 05/20/20210.8%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.8%
Synchrony Credit Card Master Note Trust2.040% 03/15/20220.8%
Discover Card Execution Note Trust1.640% 07/15/20210.8%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.8%
PFS Financing Corp.2.890% 02/15/20230.8%
Chase Issuance Trust1.270% 07/15/20210.8%
Credit Suisse Mortgage Capital Certificates3.938% 11/15/20340.8%
BB-UBS Trust3.430% 11/05/20360.8%
FNMA Conventional Long T. 30yr3.500% 05/31/20470.8%
Ford Credit Auto Owner Trust 2017-REV12.620% 08/15/20280.8%
SoFi Professional Loan Program 2017-E LLC2.720% 11/26/20400.7%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.7%
Foursight Capital Automobile Receivables Trust 2012.850% 08/16/20210.7%
Chesapeake Funding II LLC1.880% 06/15/20280.7%
COMM Mortgage Trust4.588% 07/10/20500.7%
Synchrony Credit Card Master Note Trust2.620% 10/15/20250.7%
Eni USA Inc7.300% 11/15/20270.7%
Universal Health Services, Inc.5.000% 06/01/20260.6%
Hyundai Auto Lease Securitization Trust 2017-C1.890% 03/16/20200.6%
Chesapeake Funding II LLC1.910% 08/15/20290.6%
Navient Student Loan Trust 2017-23.266% 12/27/20660.6%
Chesapeake Funding II LLC1.990% 05/15/20290.6%
Engs Commercial Finance Trust 2018-12.970% 02/22/20210.6%
General Motors Co.6.600% 04/01/20360.6%
Drive Auto Receivables Trust2.750% 10/15/20200.6%
ACC Trust 2018-13.700% 12/21/20200.6%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.6%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.6%
Dell International LLC / EMC Corp6.020% 06/15/20260.5%
BX Commercial Mortgage Trust 2018-BIOA2.829% 03/15/20370.5%
Wells Fargo Commercial Mortgage Trust4.423% 07/15/20460.5%
Chesapeake Funding II LLC2.110% 03/15/20280.5%
Shelter Growth CRE 2018-FL1 Issuer Ltd3.158% 01/15/20350.5%
Flagship Credit Auto Trust 2017-42.920% 11/15/20230.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
Time Warner Cable LLC6.550% 05/01/20370.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
21st Century Fox America, Inc.7.750% 12/01/20450.4%
Ford Motor Co.7.450% 07/16/20310.4%
Diamond Resorts Owner Trust4.110% 10/22/20290.4%
Wells Fargo Capital X5.950% 12/15/20360.4%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.4%
Macquarie Group Ltd.4.654% 03/27/20290.4%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.4%
Wells Fargo Commercial Mortgage Trust4.266% 05/15/20480.4%
World Financial Network Credit Card Master Trust2.310% 08/15/20240.4%
Comm 2014-UBS2 Mortgage Trust4.199% 03/10/20470.4%
Drive Auto Receivables Trust5.150% 08/15/20220.4%
WFRBS Commercial Mortgage Trust5.055% 08/15/20450.4%
World Financial Network Credit Card Master Trust3.140% 01/17/20230.4%
Valero Energy Corp.10.500% 03/15/20390.4%
WFRBS Commercial Mortgage Trust4.487% 03/15/20480.4%
COMM Mortgage Trust4.588% 07/10/20500.4%
COMM Mortgage Trust4.349% 12/10/20470.4%
GS Mortgage Securities Trust4.659% 11/10/20470.4%
Exelon Generation Co. LLC5.600% 06/15/20420.4%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.4%
Glencore Finance Canada Ltd.5.550% 10/25/20420.4%
Hilton Orlando Trust 2018-ORL2.928% 12/15/20340.3%
PHEAA Student Loan Trust I2.605% 04/25/20380.3%
Nvent Finance Sarl4.550% 04/15/20280.3%
Kerr-McGee Corp.7.875% 09/15/20310.3%
JPMorgan Chase & Co.3.782% 02/01/20280.3%
California Republic Auto Receivables Trust2.530% 06/15/20210.3%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.3%
Daimler Trucks Retail Trust 2018-12.600% 05/15/20200.3%
BMW Vehicle Owner Trust 2018-A2.090% 11/25/20200.3%
JP Morgan Chase Commercial Mortgage Securities Cor4.128% 07/05/20310.3%
National Oilwell Varco, Inc.2.600% 12/01/20220.3%
VEREIT Operating Partnership L.P.3.000% 02/06/20190.3%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc6.750% 06/15/20220.3%
JP Morgan Chase Commercial Mortgage Securities Tru3.158% 06/15/20320.3%
Energy Transfer Partners LP6.125% 12/15/20450.3%
United Rentals, Inc.4.875% 01/15/20280.3%
Wabtec Corp.4.700% 09/15/20280.3%
Santander UK plc7.950% 10/26/20290.3%
Diamond Resorts Owner Trust2.990% 05/22/20280.3%
Government National Mortgage Association2.700% 08/16/20580.3%
BX Trust 2018-GW2.958% 05/15/20350.3%
Navient Corp.6.750% 06/25/20250.3%
Protective Life Corp.8.450% 10/15/20390.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Drive Auto Receivables Trust3.040% 11/15/20210.3%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.3%
SPX FLOW, Inc.5.625% 08/15/20240.3%
Goldman Sachs Group, Inc.6.750% 10/01/20370.3%
Government National Mortgage Association2.750% 02/16/20580.3%
Foursight Capital Automobile Receivables Trust 2012.870% 10/15/20210.2%
Government National Mortgage Association2.700% 04/16/20570.2%
Rain CII Carbon LLC7.250% 04/01/20250.2%
EPR Properties4.950% 04/15/20280.2%
Charter Communications Operating LLC6.484% 10/23/20450.2%
Mercedes-Benz Auto Lease Trust 2018-A2.200% 04/15/20200.2%
Government National Mortgage Association2.600% 06/16/20570.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
California Resources Corp.8.000% 12/15/20220.2%
Dell International LLC / EMC Corp.8.350% 07/15/20460.2%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.2%
American International Group, Inc.4.700% 07/10/20350.2%
Sirius XM Radio, Inc.5.000% 08/01/20270.2%
TCF Auto Receivables Owner Trust3.530% 03/15/20220.2%
World Financial Network Credit Card Master Trust1.980% 06/15/20230.2%
VEREIT Operating Partnership L.P.3.950% 08/15/20270.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Fidelity National Financial Group4.500% 08/15/20280.2%
IRB Holding Corp6.750% 02/15/20260.2%
Capital One Multi-Asset Execution Trust1.330% 06/15/20220.2%
Hilton Orlando Trust 2018-ORL3.858% 12/15/20340.2%
Bombardier, Inc.7.500% 03/15/20250.2%
Caesars Palace Las Vegas Trust 2017-VICI4.499% 10/15/20340.2%
Transocean Proteus Ltd.6.250% 12/01/20240.2%
MSCI, Inc.5.750% 08/15/20250.2%
Tesla Motors, Inc.5.300% 08/15/20250.2%
Ashland, Inc.6.875% 05/15/20430.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
Con-way, Inc.6.700% 05/01/20340.2%
J.P. Morgan Chase Commercial Mortgage Securities T3.710% 07/05/20330.2%
MGM Resorts International6.000% 03/15/20230.2%
Citigroup Commercial Mortgage Trust 2017-P83.789% 09/15/20500.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
Sealed Air Corp.5.500% 09/15/20250.2%
American Credit Acceptance Receivables Trust 2018-2.720% 03/10/20210.2%
Aquarion Co.4.000% 08/15/20240.2%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.2%
Community Health Systems, Inc.8.000% 11/15/20190.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.2%
Pacific Gas & Electric Co.6.050% 03/01/20340.2%
Federal Home Loan Mortgage Corp.3.444% 12/25/20270.2%
J.P. Morgan Chase Commercial Mortgage Securities T4.248% 07/05/20330.2%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.2%
DISH DBS Corp.7.750% 07/01/20260.2%
Drive Auto Receivables Trust3.010% 11/15/20210.2%
Kraft Heinz Foods Co.6.875% 01/26/20390.2%
California Republic Auto Receivables Trust 2017-11.900% 03/15/20210.2%
William Lyon Homes, Inc.5.875% 01/31/20250.2%
Rockies Express Pipeline LLC6.875% 04/15/20400.2%
BWAY Holding Co.7.250% 04/15/20250.2%
Anheuser-Busch InBev Finance, Inc.4.700% 02/01/20360.2%
MEG Energy Corp.6.375% 01/30/20230.2%
Continental Resources, Inc.4.900% 06/01/20440.2%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.2%
Drive Auto Receivables Trust2.780% 10/15/20200.2%
Drive Auto Receivables Trust3.720% 09/16/20240.2%
Kennametal, Inc.4.625% 06/15/20280.2%
Canadian Natural Resources Ltd.3.850% 06/01/20270.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Quicken Loans Inc5.250% 01/15/20280.2%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic7.875% 12/15/20240.2%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
CarMax Auto Owner Trust2.440% 11/16/20200.2%
Leidos, Inc.7.125% 07/01/20320.2%
Ford Credit Floorplan Master Owner Trust A2.160% 09/15/20220.2%
Ahern Rentals, Inc.7.375% 05/15/20230.2%
CCO Holdings LLC / CCO Holdings Capital Corp.5.750% 02/15/20260.2%
T-Mobile USA, Inc.6.500% 01/15/20260.2%
Vistra Energy Corp7.625% 11/01/20240.2%
Weight Watchers International, Inc.8.625% 12/01/20250.2%
Solera Finance, Inc.10.500% 03/01/20240.2%
Sirius XM Radio, Inc.6.000% 07/15/20240.2%
Eldorado Resorts, Inc.6.000% 04/01/20250.2%
WellCare Health Plans, Inc.5.250% 04/01/20250.2%
Popular, Inc.7.000% 07/01/20190.2%
UTEX Industries6.242% 05/22/20210.2%
BANK 2018-BNK103.898% 02/15/20610.2%
Burlington Northern Santa Fe LLC5.750% 05/01/20400.2%
Crosby Group (KKR)5.212% 11/22/20200.2%
Helmerich & Payne International Drilling Co.4.650% 03/15/20250.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
Cablevision Systems Corp.5.875% 09/15/20220.2%
York Risk Services5.992% 10/01/20210.2%
AMC Networks, Inc.4.750% 12/15/20220.2%
Conn's, Inc.7.250% 07/15/20220.2%
Warrior Met Coal Inc8.000% 11/01/20240.2%
AV Homes, Inc.6.625% 05/15/20220.2%
Pulte Group, Inc.5.500% 03/01/20260.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.2%
Brink's Co/The4.625% 10/15/20270.2%
Weight Watchers International, Inc.7.054% 11/29/20240.2%
Goodman US Finance Three LLC3.700% 03/15/20280.2%
Santander Drive Auto Receivables Trust 2018-12.100% 11/16/20200.2%
South Carolina Electric & Gas Co.6.050% 01/15/20380.2%
Amgen, Inc.6.400% 02/01/20390.1%
CEC Entertainment, Inc.8.000% 02/15/20220.1%
Edwards Lifesciences Corp.4.300% 06/15/20280.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.258% 06/15/20320.1%
Polaris Intermediate Corp8.500% 12/01/20220.1%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
Barrick North America Finance LLC7.500% 09/15/20380.1%
Drive Auto Receivables Trust3.020% 11/15/20210.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Bank of America Corp.3.824% 01/20/20280.1%
Colonial Pipeline Co.4.250% 04/15/20480.1%
Macquarie Bank Ltd.6.625% 04/07/20210.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
E*TRADE Financial Corp.4.500% 06/20/20280.1%
Morgan Stanley4.000% 07/23/20250.1%
HCA, Inc.7.500% 11/06/20330.1%
Fluor Corp.4.250% 09/15/20280.1%
U.S. Treasury Note/Bond3.000% 05/15/20450.1%
U.S. Treasury Note/Bond2.250% 08/15/20460.1%
Pulte Group, Inc.7.875% 06/15/20320.1%
Hillman Group, Inc.6.375% 07/15/20220.1%
Summit Materials LLC5.125% 06/01/20250.1%
Marvell Technology Group Ltd.4.200% 06/22/20230.1%
Monitronics International, Inc.9.125% 04/01/20200.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
Hyundai Auto Lease Securitization Trust 2016-B1.520% 10/15/20190.1%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.1%
Dow Chemical Co.9.400% 05/15/20390.1%
Netflix, Inc.5.750% 03/01/20240.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Drive Auto Receivables Trust3.910% 05/17/20210.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di6.625% 05/15/20220.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
BAT Capital Corp3.557% 08/15/20270.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.000% 12/01/20240.1%
CNO Financial Group, Inc.5.250% 05/30/20250.1%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.1%
Alexandria Real Estate Equities, Inc.3.950% 01/15/20280.1%
CIT Group, Inc.6.000% 04/01/20360.1%
Prime Security Services Borrower LLC / Prime Finan9.250% 05/15/20230.1%
Popular, Inc.6.125% 09/14/20230.1%
Government National Mortgage Association2.700% 07/16/20570.1%
First Investors Auto Owner Trust2.410% 12/15/20220.1%
TNT Crane and Rigging6.886% 11/27/20200.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Freeport-McMoRan, Inc.3.875% 03/15/20230.1%
Conn's Receivables Funding 2017-B LLC2.730% 07/15/20200.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Citigroup, Inc.4.450% 09/29/20270.1%
Chemours Co.7.000% 05/15/20250.1%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The2.913% 01/15/20330.1%
Government National Mortgage Association2.650% 11/16/20500.1%
CenturyLink, Inc.6.750% 12/01/20230.1%
Navient Corp.6.625% 07/26/20210.1%
Carnival plc7.875% 06/01/20270.1%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.1%
Equinix, Inc.5.875% 01/15/20260.1%
HCA, Inc.5.500% 06/15/20470.1%
Quality Distribution, Inc.10.886% 08/18/20230.1%
Government National Mortgage Association2.750% 02/16/20580.1%
WPX Energy, Inc.5.250% 09/15/20240.1%
Drive Auto Receivables Trust2.610% 08/16/20210.1%
Jacobs Entertainment, Inc.7.875% 02/01/20240.1%
Norbord, Inc.6.250% 04/15/20230.1%
Men's Wearhouse, Inc.7.000% 07/01/20220.1%
Netflix, Inc.4.375% 11/15/20260.1%
Valeant Pharmaceuticals International, Inc.5.625% 12/01/20210.1%
Citgo Holding, Inc.10.750% 02/15/20200.1%
Drive Auto Receivables Trust4.160% 05/15/20240.1%
Goldman Sachs Group, Inc.4.223% 05/01/20290.1%
Westlake Automobile Receivables Trust 2017-21.800% 07/15/20200.1%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.1%
Community Health Systems, Inc.6.250% 03/31/20230.1%
OM Asset Management plc4.800% 07/27/20260.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.1%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.1%
Santander Drive Auto Receivables Trust2.650% 08/17/20200.1%
Peabody Energy Corp.6.375% 03/31/20250.1%
Government National Mortgage Association2.600% 07/16/20580.1%
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%
Trimble Navigation Ltd.4.900% 06/15/20280.1%
Caesars Palace Las Vegas Trust 2017-VICI4.499% 10/15/20340.1%
J.P. Morgan Chase Commercial Mortgage Securities T3.060% 07/05/20330.1%
Drive Auto Receivables Trust3.340% 09/15/20220.1%
EPR Properties4.750% 12/15/20260.1%
CCUBS Commercial Mortgage Trust 2017-C13.907% 11/15/20500.1%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.1%
First Investors Auto Owner Trust2.720% 04/17/20230.1%
JPMBB Commercial Mortgage Securities Trust4.441% 07/15/20480.1%
Energy Transfer Partners LP7.500% 07/01/20380.1%
Morgan Stanley3.625% 01/20/20270.1%
Lincoln National Corp.6.300% 10/09/20370.1%
COMM Mortgage Trust4.588% 07/10/20500.1%
Time Warner Cable LLC7.300% 07/01/20380.1%
Vulcan Materials Co.4.700% 03/01/20480.1%
Acadia Healthcare Co., Inc.5.625% 02/15/20230.1%
Kaiser Foundation Hospitals4.150% 05/01/20470.1%
Intelsat Connect Finance SA9.500% 02/15/20230.1%
California Republic Auto Receivables Trust2.660% 08/17/20200.1%
SunTrust Auto Receivables Trust1.780% 01/15/20210.1%
Morgan Stanley3.875% 01/27/20260.1%
National Oilwell Varco, Inc.3.950% 12/01/20420.1%
Reynolds American, Inc.5.700% 08/15/20350.1%
Mercedes-Benz Auto Receivables Trust 2016-11.260% 02/16/20210.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Dell International LLC / EMC Corp.5.450% 06/15/20230.1%
SM Energy Co.6.625% 01/15/20270.1%
Cleco Power LLC6.000% 12/01/20400.1%
Six Flags Entertainment Corp.5.500% 04/15/20270.1%
Bayer Corp6.650% 02/15/20280.1%
Bank of America Corp.4.450% 03/03/20260.1%
U.S. Treasury Note/Bond3.125% 11/15/20410.1%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.1%
International Paper Co.7.300% 11/15/20390.1%
Flagship Credit Auto Trust 2017-31.880% 10/15/20210.1%
Dell International LLC / EMC Corp7.125% 06/15/20240.1%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.1%
Teva Pharmaceutical Finance Netherlands III BV2.200% 07/21/20210.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.1%
AmeriCredit Automobile Receivables Trust2.180% 06/08/20200.1%
U.S. Treasury Note/Bond4.375% 05/15/20410.1%
Kinross Gold Corp.5.950% 03/15/20240.1%
South Carolina Electric & Gas Co.6.625% 02/01/20320.1%
U.S. Treasury Note/Bond2.500% 02/15/20460.1%
Bank of America Corp.4.000% 01/22/20250.1%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.1%
PPL Corp.5.200% 07/15/20410.1%
Central Garden & Pet Co.5.125% 02/01/20280.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.1%
Toronto-Dominion Bank3.625% 09/15/20310.1%
Precision Drilling Corp.7.750% 12/15/20230.1%
GM Financial Automobile Leasing Trust 2016-31.610% 12/20/20190.0%
Unum Group5.750% 08/15/20420.0%
Engs Commercial Finance Trust2.310% 10/22/20210.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
AmeriCredit Automobile Receivables Trust 2015-32.080% 09/08/20200.0%
American Credit Acceptance Receivables Trust 2016-6.090% 05/12/20220.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
Dell International LLC / EMC Corp3.480% 06/01/20190.0%
Republic of Argentina4.625% 01/11/20230.0%
Ascension Health3.945% 11/15/20460.0%
Forterra, Inc.5.242% 10/25/20230.0%
AmeriCredit Automobile Receivables Trust 2017-31.690% 12/18/20200.0%
MGM Growth Properties Operating Partnership LP / M5.625% 05/01/20240.0%
Pennsylvania5.350% 05/01/20300.0%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.0%
Pharmaceutical Product Development LLC6.375% 08/01/20230.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
GM Financial Automobile Leasing Trust 2017-21.720% 01/21/20200.0%
Ally Auto Receivables Trust 2017-51.810% 06/15/20200.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Grinding Media, Inc. / MC Grinding Media Canada, I7.375% 12/15/20230.0%
Ascentium Equipment Receivables 2017-1 Trust1.870% 07/10/20190.0%
Acadia Healthcare Co., Inc.6.500% 03/01/20240.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
California Republic Auto Receivables Trust 2016-21.560% 07/15/20200.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Flagship Credit Auto Trust2.380% 10/15/20200.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Comcast Corp.3.969% 11/01/20470.0%
Cox Communications, Inc.4.500% 06/30/20430.0%
Honda Auto Receivables 2016-2 Owner Trust1.390% 04/15/20200.0%
Valeant Pharmaceuticals International, Inc.7.500% 07/15/20210.0%
Drive Auto Receivables Trust2.510% 01/15/20210.0%
MPH Acquisition Holdings LLC7.125% 06/01/20240.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
FX USD/EUR 12/180.000% 12/07/20180.0%
Mercedes-Benz Auto Receivables Trust1.340% 12/16/20190.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
First Investors Auto Owner Trust 2016-21.530% 11/16/20200.0%
American Credit Acceptance Receivables Trust 2017-1.820% 03/10/20200.0%
Drive Auto Receivables Trust2.370% 11/16/20200.0%
US 10YR ULTRA FUT DEC180.000% 12/31/20180.0%
US LONG BOND(CBT) DEC180.000% 12/31/20180.0%
EURO-SCHATZ FUT DEC180.000% 12/10/20180.0%
US 10YR NOTE (CBT)DEC180.000% 12/31/20180.0%
US 5YR NOTE (CBT) DEC180.000% 01/04/20190.0%
Commercial Mortgage Backed Index Swap0.500% 11/18/20540.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Credit Index Swap1.000% 06/20/20230.0%
Commercial Mortgage Backed Index Swap0.500% 09/17/2058-0.1%
Commercial Mortgage Backed Index Swap0.500% 09/17/2058-0.1%
Commercial Mortgage Backed Index Swap0.500% 09/17/2058-0.1%
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 11/16/2018
$0.461
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 10/31/2018 $0.04653 $14.46
Daily Daily 09/30/2018 $0.04704 $14.63
Daily Daily 08/31/2018 $0.04724 $14.67
Daily Daily 07/31/2018 $0.04843 $14.66
Daily Daily 06/30/2018 $0.04781 $14.65
Daily Daily 05/31/2018 $0.04758 $14.71
Daily Daily 04/30/2018 $0.04799 $14.72
Daily Daily 03/31/2018 $0.04599 $14.84
Daily Daily 02/28/2018 $0.04169 $14.86
Daily Daily 01/31/2018 $0.04083 $15.03

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 11/30/2018
Daily Daily 12/31/2018

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 11/16/2018

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $14.77
$100,000 to $249,999 1.75% 1.50% $14.70
$250,000 to $499,999 1.25% 1.00% $14.62
$500,000 to $999,999 0.00% 1.00% $14.44
$1,000,000 to $5,000,000 0.00% 1.00% $14.44

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A purchaser may combine the value of Class A, B, C, F, and P shares of any eligible fund currently owned with a new purchase of Class A shares of any eligible fund in order to reduce the sales charge on the new purchase. Class I, R2, and R3 share holdings may not be combined for these purposes.

    To the extent that your financial intermediary is able to do so, the value of Class A, B, C, F, and P shares of eligible funds determined for the purpose of reducing the sales charge of a new purchase under the Rights of Accumulation will be calculated at the higher of: 1) the aggregate current maximum offering price of your existing Class A, B, C, F, and P shares of eligible funds or 2) the aggregate amount you invested in such shares (including dividend reinvestments but excluding capital appreciation) less any withdrawals. You should retain any information and account records necessary to substantiate the historical amounts you and any related purchasers have invested in eligible funds. You must inform a fund and/or your financial intermediary at the time of purchase if you believe your purchase qualifies for a reduced sales charge; you may be requested to provide documentation of your holdings in order to verify your eligibility. If you do not do so, you may not receive all sales charge reductions for which you are eligible.

  • Letter of Intention — In order to reduce your Class A front-end sales charge, a purchaser may combine purchases of Class A, B, C, F, and P shares of any eligible fund the purchaser intends to make over the next 13 months in determining the applicable sales charge. The 13-month Letter of Intention period commences on the day that the Letter of Intention is received by a fund, and the purchaser must tell a fund that later purchases are subject to the Letter of Intention. Purchases submitted prior to the date the Letter of Intention is received by a fund are not counted toward the sales charge reduction. Current holdings under Rights of Accumulation may be included in a Letter of Intention in order to reduce the sales charge for purchases during the 13-month period covered by the Letter of Intention. Shares purchased through reinvestment of dividends or distributions are not included. Class I, R2, and R3 share holdings may not be combined for these purposes. Class A shares valued at 5% of the amount of intended purchases are escrowed and may be redeemed to cover the additional sales charges payable if the intended purchases under the Letter of Intention is not completed. The Letter of Intention is neither a binding obligation on you to buy nor on a fund to sell any or all of an intended purchase amount.

Purchaser — A purchaser includes: 1) an individual; 2) an individual, his or her spouse, and children under the age of 21; 3) retirement and benefit plans, including a 401(k) plan, profit-sharing plan, money purchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, nonprofit organization, school district, or church to which employer contributions are made, as well as SIMPLE IRA plans and SEP-IRA plans; or 4) a trustee or other fiduciary purchasing shares for a single trust, estate, or single fiduciary account. An individual may include under item (1) his or her holdings in eligible funds as described above in IRAs, as a sole participant of a retirement and benefit plan sponsored by the individual's business, and as a participant in a 403(b) plan to which only pretax salary deferrals are made. An individual and his or her spouse may include under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit plans sponsored by a business owned by either or both of them. A retirement and benefit plan under item (3) includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries, and all qualified retirement and benefit plans of multiple employers registered in the name of a single bank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 10/31/2018

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 A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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