LAPLX | Core Plus Bond Fund Class A | Lord Abbett

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Core Plus Bond Fund

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Daily price w/o sales charge as of 09/16/2024

$13.30

arrowUp$0.03

YTD Returns w/o sales charge as of 09/16/2024

6.50%

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

Average Yield to Maturity as of 08/30/2024

5.33%

30-Day Standardized Yield 1 as of 08/31/2024  

4.85%

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

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Fund Basicsas of 08/30/2024

Total Net Assets
$2.66 B
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.65%
Fund Net Expense Ratio
0.65%
Number of Holdings
666
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 4.51% 9.13% -1.49% 0.78% - 2.50%
Lipper Category Avg. Core Plus Bond Funds 3.67% 8.01% -2.05% 0.46% - -
Bloomberg U.S. Aggregate Bond Index 3.07% 7.30% -2.11% -0.04% - 1.66%
w/ sales charge 2.15% 6.68% -2.23% 0.31% - 2.24%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.58% 4.94% -2.46% 0.44% - 2.10%
Lipper Category Avg. Core Plus Bond Funds -0.08% 3.64% -2.94% 0.20% - -
Bloomberg U.S. Aggregate Bond Index -0.71% 2.63% -3.02% -0.23% - 1.25%
w/ sales charge -1.69% 2.61% -3.20% -0.01% - 1.83%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

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 for future results.

Type Assets
Investment Grade Corporate
MBS
U.S. Government Related
High Yield Corporate
ABS
CLO
CMBS
Sovereign
Bank Loans
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 08/30/2024 View Portfolio

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

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

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner, Portfolio Manager

30 Years of Industry Experience

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

Partner, Portfolio Manager

26 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

23 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

33 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

16 Years of Industry Experience

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

Partner & Portfolio Manager

23 Years of Industry Experience

Harris Trifon
Harris Trifon

Partner, Portfolio Manager

24 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Portfolio Manager

14 Years of Industry Experience

Supported By 61 Investment Professionals with 14 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 08/30/2024

5.33%

30-Day Standardized Yield 1 as of 08/31/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.85% 4.85%

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

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 4.51% 9.13% -1.49% 0.78% - 2.50%
Lipper Category Avg. Core Plus Bond Funds 3.67% 8.01% -2.05% 0.46% - -
Bloomberg U.S. Aggregate Bond Index 3.07% 7.30% -2.11% -0.04% - 1.66%
w/ sales charge 2.15% 6.68% -2.23% 0.31% - 2.24%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.58% 4.94% -2.46% 0.44% - 2.10%
Lipper Category Avg. Core Plus Bond Funds -0.08% 3.64% -2.94% 0.20% - -
Bloomberg U.S. Aggregate Bond Index -0.71% 2.63% -3.02% -0.23% - 1.25%
w/ sales charge -1.69% 2.61% -3.20% -0.01% - 1.83%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

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 for future results.

Year Fund Returns Bloomberg U.S. Aggregate Bond Index
2023 7.03% 5.53%
2022 -13.97% -13.01%
2021 0.59% -1.54%
2020 7.21% 7.51%
2019 9.86% 8.72%
2018 -0.93% 0.01%
2017 4.64% 3.54%
2016 5.63% 2.65%
2015 -0.59% 0.55%
Year Q1 Q2 Q3 Q4 Yearly Returns
2024 0.17% 0.41% - - 6.50%
2023 3.14% -0.54% -2.41% 6.91% 7.03%
2022 -6.01% -6.21% -4.13% 1.79% -13.97%
2021 -2.10% 2.52% 0.09% 0.12% 0.59%
2020 -3.43% 5.51% 2.65% 2.51% 7.21%
2019 3.96% 3.24% 1.85% 0.50% 9.86%
2018 -1.26% -0.31% 0.84% -0.18% -0.93%
2017 1.48% 1.48% 1.13% 0.48% 4.64%
2016 2.43% 2.80% 2.20% -1.84% 5.63%
2015 - - - - -0.59%

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
MBS
U.S. Government Related
High Yield Corporate
ABS
CLO
CMBS
Sovereign
Bank Loans
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 08/30/2024

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

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

Portfolio Positioningas of 06/30/2024

  • Duration positioning contributed to relative performance over the quarter. Being underweight duration versus the benchmark contributed as U.S. Treasury rates moved higher during the period.
  • An allocation to high yield corporate bonds contributed to relative returns. We reduced the portfolio’s overall exposure to high yield corporates, rotating up in quality in other sectors.
  • Security selection within investment grade corporate bonds contributed to relative performance, specifically the portfolio’s allocation to the Financials sector. We remain conservatively positioned in financials, overweight U.S. money center and European national champions. The bank debt owned within the portfolio is focused on diversified financial institutions with strong management teams and business models less dependent on deposits. The portfolio remains overweight the Energy, Utilities, and Financials sectors.
  • The portfolio’s allocation to ABS and CLO modestly contributed to relative performance. Within CLO, we modestly increased the portfolio’s exposure and focused on relative value opportunities, adding to AA and BBB-rated CLOs. Within ABS, we increased our overall exposure and moved up in quality, adding to AAA-rated ABS.
  • The portfolio’s allocation to agency mortgage-backed securities (MBS) detracted from relative performance. We increased the portfolio's exposure to MBS as we believe this is a good asset class to get high quality carry and can perform well as rate volatility continues to decline.

Portfolio Details as of 08/30/2024

Total Net Assets
$2.66 B
Average Effective Duration
6.02 Years
Average Life
7.68 Years
Average Maturity
7.68 Years
Average Modified Duration
6.87 Years
Number of Issues
666
Average Yield to Maturity
5.33%

To view definitions for the above Portfolio Details, Click here.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

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
United States Treasury Note/Bond 4.500% 02/15/2044 5.7%
United States Treasury Note/Bond 4.625% 06/30/2026 3.2%
30-YR UMBS-TBA PROD OCT 5.500% 01/01/2054 2.9%
United States Treasury Note/Bond 4.250% 06/30/2029 2.9%
15-YR UMBS-TBA PROD OCT 5.500% 02/01/2039 2.6%
United States Treasury Note/Bond 4.875% 04/30/2026 2.3%
United States Treasury Note/Bond 4.625% 05/15/2054 1.9%
United States Treasury Note/Bond 4.250% 02/15/2054 1.6%
United States Treasury Bill 0.000% 06/12/2025 1.5%
30-YR GNMA II-TBA PROD OCT 5.500% 06/01/2054 1.3%
% of Total Assets 25.9%
Holding Coupon Maturity Assets
United States Treasury Note/Bond4.500% 02/15/20444.2%
United States Treasury Bill0.000% 06/12/20252.7%
United States Treasury Note/Bond4.875% 04/30/20262.5%
30-YR UMBS-TBA PROD SEP5.500% 01/01/20542.4%
J P MORGAN SECURITIES INC0.010% 08/01/20242.4%
United States Treasury Note/Bond4.375% 08/15/20432.1%
United States Treasury Note/Bond4.250% 06/30/20291.9%
United States Treasury Note/Bond4.250% 02/15/20541.8%
30-YR UMBS-TBA PROD SEP6.000% 03/01/20541.6%
15-YR UMBS-TBA PROD SEP5.500% 04/01/20391.6%
30-YR UMBS-TBA PROD SEP2.500% 05/01/20511.4%
United States Treasury Note/Bond4.625% 05/15/20541.3%
30-YR GNMA II-TBA PROD SEP3.000% 12/01/20511.1%
30-YR UMBS-TBA PROD SEP4.000% 08/01/20531.0%
United States Treasury Note/Bond3.875% 02/15/20430.9%
30-YR GNMA II-TBA PROD AUG2.000% 10/01/20510.8%
30-YR UMBS-TBA PROD SEP6.500% 04/01/20540.7%
30-YR UMBS-TBA PROD SEP2.000% 08/01/20510.7%
15-YR UMBS-TBA PROD SEP6.000% 04/01/20380.7%
30-YR GNMA II-TBA PROD SEP3.500% 04/01/20520.6%
30-YR UMBS-TBA PROD AUG6.000% 03/01/20540.6%
30-YR UMBS-TBA PROD SEP5.000% 01/01/20540.6%
30-YR UMBS-TBA PROD SEP3.500% 04/01/20520.6%
30-YR GNMA II-TBA PROD SEP6.000% 05/01/20540.6%
30-YR GNMA II-TBA PROD SEP6.500% 05/01/20540.5%
Morgan Stanley4.431% 01/23/20300.5%
30-YR GNMA II-TBA PROD SEP5.000% 04/01/20540.5%
Continental Resources Inc/OK5.750% 01/15/20310.5%
30-YR GNMA II-TBA PROD SEP5.500% 05/01/20540.5%
Fannie Mae Pool3.500% 04/01/20520.5%
Avolon Holdings Funding Ltd4.250% 04/15/20260.5%
Barclays PLC6.496% 09/13/20270.4%
BMW Vehicle Lease Trust 2023-25.990% 09/25/20260.4%
30-YR UMBS-TBA PROD SEP7.895% 07/01/20530.4%
Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.4%
Benefit Street Partners CLO V-B Ltd6.857% 07/20/20370.4%
IPALCO Enterprises Inc4.250% 05/01/20300.4%
30-YR UMBS-TBA PROD AUG5.500% 01/01/20540.4%
Qorvo Inc4.375% 10/15/20290.3%
Bacardi Ltd / Bacardi-Martini BV5.400% 06/15/20330.3%
Benchmark 2024-V7 Mortgage Trust6.228% 05/15/20560.3%
Wellington Management Clo 3 Ltd6.601% 07/18/20370.3%
BX Commercial Mortgage Trust 2024-XL46.771% 02/15/20390.3%
Crown Castle Inc3.300% 07/01/20300.3%
Ford Credit Auto Lease Trust 2024-B5.180% 02/15/20280.3%
Regal Rexnord Corp6.050% 02/15/20260.3%
Capital One Multi-Asset Execution Trust6.113% 05/15/20280.3%
BAT Capital Corp6.343% 08/02/20300.3%
Danske Bank A/S6.259% 09/22/20260.3%
Apache Corp4.250% 01/15/20300.3%
UBS Group AG1.494% 08/10/20270.3%
EQT Corp7.000% 02/01/20300.3%
GLS Auto Select Receivables Trust 2024-35.590% 10/15/20290.3%
HAT Holdings I LLC / HAT Holdings II LLC8.000% 06/15/20270.3%
Freddie Mac STACR REMIC Trust 2023-HQA37.197% 11/25/20430.3%
GLS Auto Select Receivables Trust 2023-28.220% 02/18/20310.3%
Athene Global Funding5.620% 05/08/20260.3%
UBS Group AG5.711% 01/12/20270.3%
30-YR GNMA II-TBA PROD AUG5.000% 04/01/20540.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust1.750% 10/29/20240.3%
T-Mobile USA Inc3.875% 04/15/20300.3%
Bank of America Corp2.087% 06/14/20290.3%
Tapestry Inc7.000% 11/27/20260.3%
Rate Mortgage Trust 2024-J16.000% 07/25/20540.3%
nVent Finance Sarl4.550% 04/15/20280.3%
Imperial Brands Finance PLC5.500% 02/01/20300.3%
LPL Holdings Inc4.000% 03/15/20290.3%
AT&T Inc4.300% 02/15/20300.3%
Southern Co/The2.700% 08/01/20240.3%
Ballyrock CLO 27 Ltd6.591% 10/25/20370.3%
30-YR UMBS-TBA PROD SEP3.000% 10/01/20510.3%
30-YR GNMA II-TBA PROD AUG2.500% 10/01/20510.3%
Toronto-Dominion Bank/The7.250% 07/31/20840.3%
15-YR UMBS-TBA PROD AUG5.500% 04/01/20390.3%
VICI Properties LP / VICI Note Co Inc3.750% 02/15/20270.3%
Exeter Automobile Receivables Trust 2020-27.190% 09/15/20270.3%
Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd6.787% 01/15/20370.3%
NatWest Group PLC5.808% 09/13/20290.3%
CNO Global Funding5.875% 06/04/20270.3%
Freddie Mac Pool2.500% 06/01/20510.3%
Global Atlantic Fin Co4.400% 10/15/20290.3%
Broadcom Inc5.150% 11/15/20310.3%
Generate CLO 15 Ltd7.332% 07/20/20370.3%
World Financial Network Credit Card Master Trust5.020% 03/15/20300.3%
Jacobs Engineering Group Inc5.900% 03/01/20330.3%
NRG Energy Inc4.450% 06/15/20290.3%
Celanese US Holdings LLC6.050% 03/15/20250.3%
Centene Corp2.450% 07/15/20280.3%
COMM 2015-LC21 Mortgage Trust4.043% 07/10/20480.3%
Glencore Funding LLC5.634% 04/04/20340.3%
Intesa Sanpaolo SpA6.625% 06/20/20330.3%
Citigroup Inc6.174% 05/25/20340.3%
Patterson-UTI Energy Inc5.150% 11/15/20290.3%
Freddie Mac Multifamily Structured Pass Through Certificates2.580% 05/25/20320.2%
American Transmission Systems Inc2.650% 01/15/20320.2%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.2%
UBS Group AG6.442% 08/11/20280.2%
Constellation Energy Generation LLC5.800% 03/01/20330.2%
Aircastle Ltd6.500% 07/18/20280.2%
BMO 2023-C5 Mortgage Trust5.494% 06/15/20560.2%
VICI Properties LP / VICI Note Co Inc4.625% 12/01/20290.2%
Danske Bank A/S4.298% 04/01/20280.2%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.2%
Sprint Capital Corp8.750% 03/15/20320.2%
Connecticut Avenue Securities Trust 2022-R087.897% 07/25/20420.2%
Rad CLO 6 Ltd6.924% 01/20/20330.2%
Nissan Motor Acceptance Co LLC1.125% 09/16/20240.2%
Bank of America Corp3.970% 03/05/20290.2%
Palmer Square CLO 2024-2 LTD6.682% 07/20/20370.2%
HCA Inc5.600% 04/01/20340.2%
Flutter Financing BV7.585% 11/29/20300.2%
Jackson National Life Global Funding5.500% 01/09/20260.2%
Santander Drive Auto Receivables Trust 2024-26.280% 08/15/20310.2%
Freddie Mac STACR REMIC Trust 2022-DNA17.847% 01/25/20420.2%
Centene Corp3.375% 02/15/20300.2%
30-YR GNMA II-TBA PROD AUG5.500% 05/01/20540.2%
Entergy Corp7.125% 12/01/20540.2%
HF Sinclair Corp5.000% 02/01/20280.2%
SBNA Auto Lease Trust 2024-A5.390% 11/20/20260.2%
Warnermedia Holdings Inc3.788% 03/15/20250.2%
Ford Motor Credit Co LLC5.125% 06/16/20250.2%
Bayer US Finance LLC6.250% 01/21/20290.2%
Columbia Pipeline Group Inc4.500% 06/01/20250.2%
GLS Auto Select Receivables Trust 2024-25.580% 06/17/20300.2%
Wells Fargo & Co2.393% 06/02/20280.2%
MSCI Inc3.625% 11/01/20310.2%
AGL CLO 32 Ltd6.628% 07/21/20370.2%
GS Mortgage-Backed Securities Trust 2022-PJ63.000% 01/25/20530.2%
American Tower Corp2.950% 01/15/20250.2%
Danske Bank A/S4.375% 06/12/20280.2%
Booz Allen Hamilton Inc3.875% 09/01/20280.2%
GE HealthCare Technologies Inc5.650% 11/15/20270.2%
Ford Motor Credit Co LLC3.375% 11/13/20250.2%
J.P. Morgan Mortgage Trust 2021-153.000% 06/25/20520.2%
BX Trust 2024-VLT46.808% 07/15/20290.2%
Sprint Capital Corp6.875% 11/15/20280.2%
BNP Paribas SA2.219% 06/09/20260.2%
720 East CLO 2023-I Ltd11.151% 04/15/20360.2%
Aircastle Ltd2.850% 01/26/20280.2%
Enbridge Inc8.500% 01/15/20840.2%
CHS/Community Health Systems Inc5.625% 03/15/20270.2%
Connecticut Avenue Securities Trust 2023-R047.647% 05/25/20430.2%
Aviation Capital Group LLC6.375% 07/15/20300.2%
Coterra Energy Inc5.600% 03/15/20340.2%
Elmwood CLO 31 Ltd6.591% 07/17/20370.2%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.2%
GXO Logistics Inc6.500% 05/06/20340.2%
PFP 2023-10 Ltd7.693% 09/16/20380.2%
Bayer US Finance II LLC4.250% 12/15/20250.2%
Cheniere Energy Partners LP3.250% 01/31/20320.2%
30-YR GNMA II-TBA PROD AUG3.500% 04/01/20520.2%
JP Morgan Mortgage Trust 2021-42.500% 08/25/20510.2%
Cheniere Energy Inc5.650% 04/15/20340.2%
International Flavors & Fragrances Inc1.230% 10/01/20250.2%
GA Global Funding Trust3.850% 04/11/20250.2%
Magnetite XXXIX Ltd7.435% 10/25/20330.2%
Navient Corp5.500% 03/15/20290.2%
Boeing Co/The5.150% 05/01/20300.2%
Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd7.179% 05/15/20370.2%
AMMC CLO 23 Ltd7.336% 04/17/20350.2%
Freddie Mac Pool3.000% 10/01/20500.2%
Mexico Government International Bond4.875% 05/19/20330.2%
Connecticut Avenue Securities Trust 2023-R027.647% 01/25/20430.2%
Entergy Corp0.900% 09/15/20250.2%
Fresenius Medical Care US Finance III Inc3.000% 12/01/20310.2%
Principal Life Global Funding II5.100% 01/25/20290.2%
Freddie Mac Pool3.000% 01/01/20520.2%
Connecticut Avenue Securities Trust 2023-R039.247% 04/25/20430.2%
Affirm Asset Securitization Trust 2023-A6.610% 01/18/20280.2%
Generate CLO 4 Ltd6.712% 07/20/20370.2%
Multifamily Connecticut Avenue Securities Trust 2024-018.097% 07/25/20540.2%
Rad CLO 20 Ltd8.282% 07/20/20360.2%
Westlake Automobile Receivables Trust 2023-15.740% 08/15/20280.2%
General Motors Financial Co Inc5.600% 06/18/20310.2%
SEB Funding LLC4.969% 01/30/20520.2%
Santander Drive Auto Receivables Trust 2022-76.690% 03/17/20310.2%
Palomino Funding Trust I7.233% 05/17/20280.2%
Brighthouse Financial Global Funding5.650% 06/10/20290.2%
Wells Fargo & Co3.350% 03/02/20330.2%
Ready Capital Mortgage Financing 2022-FL8 LLC6.997% 01/25/20370.2%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.2%
Dryden 115 CLO Ltd7.279% 04/18/20370.2%
National Grid PLC5.809% 06/12/20330.2%
Oncor Electric Delivery Co LLC5.650% 11/15/20330.2%
Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.2%
NOV Inc3.600% 12/01/20290.2%
Citigroup Inc3.887% 01/10/20280.2%
GreatAmerica Leasing Receivables Funding LLC Series 2024-15.080% 12/16/20300.2%
Aviation Capital Group LLC5.500% 12/15/20240.2%
Ford Motor Credit Co LLC6.125% 03/08/20340.2%
Ovintiv Inc6.500% 02/01/20380.2%
Venture Global LNG Inc8.375% 06/01/20310.2%
Exeter Automobile Receivables Trust 2023-112.070% 09/16/20300.2%
Bank of Montreal7.700% 05/26/20840.2%
Connecticut Avenue Securities Trust 2023-R017.747% 12/25/20420.2%
Petroleos Mexicanos6.700% 02/16/20320.2%
Octane Receivables Trust 2022-25.850% 07/20/20280.2%
ERAC USA Finance LLC5.000% 02/15/20290.2%
Flagstar Mortgage Trust 2021-42.500% 06/01/20510.2%
Bank of America Corp3.593% 07/21/20280.2%
MF1 2024-FL14 LLC7.078% 03/19/20390.2%
Bain Capital Credit CLO 2023-4 Ltd10.282% 10/21/20360.2%
Solventum Corp5.450% 03/13/20310.2%
CenterPoint Energy Resources Corp1.750% 10/01/20300.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
RAD CLO 24 Ltd7.282% 07/20/20370.2%
Brown & Brown Inc5.650% 06/11/20340.2%
Mercury Financial Credit Card Master Trust6.560% 07/20/20290.2%
Morgan Stanley4.000% 07/23/20250.2%
Bayview Opportunity Master Fund VII 2024-EDU1 LLC7.147% 06/25/20470.2%
BMW Vehicle Lease Trust 2023-15.070% 06/25/20260.2%
NatWest Group PLC3.032% 11/28/20350.2%
OHA Credit Partners XII Ltd7.233% 04/23/20370.2%
UBS Group AG2.746% 02/11/20330.2%
Alimentation Couche-Tard Inc5.267% 02/12/20340.2%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.2%
Prosus NV3.257% 01/19/20270.2%
Ford Credit Auto Owner Trust 2018-REV13.190% 07/15/20310.2%
30-YR UMBS-TBA PROD AUG6.500% 04/01/20540.2%
Magnetite XXXVIII Ltd7.301% 04/15/20370.2%
McAfee Corp7.375% 02/15/20300.2%
BNP Paribas SA5.738% 02/20/20350.2%
Connecticut Avenue Securities Trust 2024-R037.297% 03/25/20440.2%
BBVA Bancomer SA/Texas8.125% 01/08/20390.2%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
NGPL PipeCo LLC4.875% 08/15/20270.1%
Carvana Auto Receivables Trust 2020-NP15.200% 07/15/20270.1%
Freddie Mac STACR REMIC Trust 2022-HQA37.647% 08/25/20420.1%
Mitsubishi Corp5.125% 07/17/20340.1%
GoldenTree Loan Management US CLO 16 Ltd7.782% 01/20/20340.1%
BAT Capital Corp3.222% 08/15/20240.1%
GM Financial Automobile Leasing Trust 2023-15.510% 01/20/20270.1%
Connecticut Avenue Securities Trust 2023-R086.847% 10/25/20430.1%
Occidental Petroleum Corp6.625% 09/01/20300.1%
Anglo American Capital PLC3.875% 03/16/20290.1%
GM Financial Automobile Leasing Trust 2023-25.540% 05/20/20270.1%
Ford Motor Credit Co LLC7.200% 06/10/20300.1%
American Express Credit Account Master Trust5.240% 04/15/20310.1%
Ford Motor Co9.625% 04/22/20300.1%
Solventum Corp5.600% 03/23/20340.1%
RR 24 Ltd7.701% 01/15/20360.1%
30-YR UMBS-TBA PROD AUG5.000% 01/01/20540.1%
F&G Global Funding5.150% 07/07/20250.1%
American Airlines Inc7.250% 02/15/20280.1%
Centene Corp4.250% 12/15/20270.1%
Vital Energy Inc9.750% 10/15/20300.1%
Avolon Holdings Funding Ltd2.125% 02/21/20260.1%
Freddie Mac STACR REMIC Trust 2023-HQA110.847% 05/25/20430.1%
Carnival Corp6.000% 05/01/20290.1%
Annisa CLO Ltd 2016-26.782% 07/20/20310.1%
PNC Financial Services Group Inc/The5.401% 07/23/20350.1%
LoanCore 2022-CRE7 Issuer Ltd6.891% 01/17/20370.1%
Crescent Energy Finance LLC7.375% 01/15/20330.1%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.1%
IRB Infrastructure Developers Ltd7.110% 03/11/20320.1%
Empresa Generadora de Electricidad Haina SA5.625% 11/08/20280.1%
Colombia Government International Bond7.500% 02/02/20340.1%
Rakuten Group Inc9.750% 04/15/20290.1%
Iron Mountain Information Management Services Inc5.000% 07/15/20320.1%
Encino Acquisition Partners Holdings LLC8.750% 05/01/20310.1%
Workday Inc3.800% 04/01/20320.1%
Charter Communications Operating LLC7.332% 12/07/20300.1%
PennyMac Financial Services Inc7.125% 11/15/20300.1%
Citizens Financial Group Inc6.645% 04/25/20350.1%
Benefit Street Partners CLO XVII Ltd6.643% 07/15/20320.1%
30-YR GNMA II-TBA PROD SEP2.500% 10/01/20510.1%
BX Commercial Mortgage Trust 2021-ACNT6.293% 11/15/20380.1%
Glencore Funding LLC6.375% 10/06/20300.1%
Comstock Resources Inc6.750% 03/01/20290.1%
JP Morgan Mortgage Trust 2022-33.000% 08/25/20520.1%
Velocity Commercial Capital Loan Trust 2024-26.650% 06/25/20540.1%
St Marys Cement Inc Canada5.750% 04/02/20340.1%
Frontier Communications Holdings LLC5.875% 11/01/20290.1%
Rand Parent LLC8.500% 02/15/20300.1%
California Resources Corp8.250% 06/15/20290.1%
Antofagasta PLC6.250% 05/02/20340.1%
Vistra Operations Co LLC7.750% 10/15/20310.1%
Standard Industries Inc/NJ4.375% 07/15/20300.1%
Landsea Homes Corp8.875% 04/01/20290.1%
Citigroup Inc3.980% 03/20/20300.1%
JSW Infrastructure Ltd4.950% 01/21/20290.1%
Cosan Luxembourg SA7.250% 06/27/20310.1%
Wells Fargo & Co5.389% 04/24/20340.1%
Romanian Government International Bond5.875% 01/30/20290.1%
EquipmentShare.com Inc9.000% 05/15/20280.1%
Novelis Corp3.875% 08/15/20310.1%
Boeing Co/The6.528% 05/01/20340.1%
Appalachian Power Co5.650% 04/01/20340.1%
Avid Automobile Receivables Trust 2021-13.390% 04/17/20280.1%
Oracle Corp2.875% 03/25/20310.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
Madison Park Funding LVIII Ltd8.935% 04/25/20370.1%
American Tower Corp5.550% 07/15/20330.1%
Ally Bank Auto Credit-Linked Notes Series 2024-A7.917% 05/17/20320.1%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.1%
Transocean Inc8.500% 05/15/20310.1%
BFLD 2024-VICT Mortgage Trust7.219% 07/15/20410.1%
FactSet Research Systems Inc3.450% 03/01/20320.1%
MGM China Holdings Ltd7.125% 06/26/20310.1%
Enel Finance International NV5.125% 06/26/20290.1%
Dryden 113 CLO Ltd7.532% 10/20/20350.1%
Viterra Finance BV4.900% 04/21/20270.1%
Nuveen LLC5.850% 04/15/20340.1%
Galaxy Pipeline Assets Bidco Ltd2.160% 03/31/20340.1%
Ballyrock CLO 25 Ltd7.735% 01/25/20360.1%
Hilton Domestic Operating Co Inc7.100% 06/21/20280.1%
BAT Capital Corp5.834% 02/20/20310.1%
Trust Fibra Uno7.375% 02/13/20340.1%
BNP Paribas SA8.000% 08/22/21720.1%
National Fuel Gas Co3.950% 09/15/20270.1%
American Tower Corp3.800% 08/15/20290.1%
Occidental Petroleum Corp6.450% 09/15/20360.1%
US 2YR NOTE (CBT) Sep240.000% 10/03/20240.1%
Ballyrock CLO 23 Ltd7.265% 04/25/20360.1%
Coterra Energy Inc4.375% 03/15/20290.1%
Vermilion Energy Inc6.875% 05/01/20300.1%
VStrong Auto Receivables Trust 2023-A9.990% 12/16/20300.1%
Valaris Ltd8.375% 04/30/20300.1%
JP Morgan Mortgage Trust 2021-102.500% 12/25/20510.1%
Elmwood CLO 24 Ltd7.654% 12/11/20330.1%
Entergy Louisiana LLC5.700% 03/15/20540.1%
Royal Caribbean Cruises Ltd6.000% 02/01/20330.1%
15-YR UMBS-TBA PROD AUG6.000% 04/01/20380.1%
Benefit Street Partners Clo XXXIII Ltd7.585% 01/25/20360.1%
CARLYLE US CLO 2023-2 LTD8.282% 07/20/20360.1%
Fannie Mae Pool5.000% 10/01/20520.1%
New Residential Mortgage Loan Trust 2020-RPL13.864% 11/25/20590.1%
Truist Financial Corp5.867% 06/08/20340.1%
Valley Stream Park CLO LTD7.532% 10/20/20340.1%
Lending Funding Trust 2020-22.320% 04/21/20310.1%
Flagship Credit Auto Trust 2023-15.010% 08/16/20270.1%
Chase Home Lending Mortgage Trust Series 2024-RPL23.250% 08/25/20640.1%
Discovery Communications LLC3.950% 03/20/20280.1%
Avant Loans Funding Trust 2021-REV12.300% 07/15/20300.1%
Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.1%
Coinbase Global Inc3.625% 10/01/20310.1%
Talos Production Inc9.000% 02/01/20290.1%
MF1 2022-FL9 LLC7.491% 06/19/20370.1%
Freddie Mac STACR REMIC Trust 2022-HQA18.847% 03/25/20420.1%
Talen Energy Supply LLC8.625% 06/01/20300.1%
TGNR Intermediate Holdings LLC5.500% 10/15/20290.1%
Medco Maple Tree Pte Ltd8.960% 04/27/20290.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Generate CLO 14 Ltd7.782% 04/22/20370.1%
AECOM7.219% 04/18/20310.1%
Morgan Stanley5.320% 07/19/20350.1%
IPALCO Enterprises Inc5.750% 04/01/20340.1%
NatWest Group PLC7.472% 11/10/20260.1%
Bayer US Finance LLC6.375% 11/21/20300.1%
Atlassian Corp5.500% 05/15/20340.1%
New York Life Global Funding4.550% 01/28/20330.1%
Ecopetrol SA8.375% 01/19/20360.1%
Assurant Inc3.700% 02/22/20300.1%
Ready Capital Mortgage Financing 2023-FL12 LLC7.685% 05/25/20380.1%
EQT Corp5.750% 02/01/20340.1%
Greenko Dutch BV3.850% 03/29/20260.1%
First-Citizens Bank & Trust Co2.969% 09/27/20250.1%
Cloud Software Group Inc9.000% 09/30/20290.1%
US Bancorp4.839% 02/01/20340.1%
BPCE SA5.936% 05/30/20350.1%
Clydesdale Acquisition Holdings Inc8.750% 04/15/20300.1%
AmeriTex HoldCo Intermediate LLC10.250% 10/15/20280.1%
Truist Financial Corp5.711% 01/24/20350.1%
Enviri Corp5.750% 07/31/20270.1%
Freddie Mac STACR REMIC Trust 2024-DNA16.697% 02/25/20440.1%
Bancolombia SA8.625% 12/24/20340.1%
Santander Consumer Auto Receivables Trust 2020-B7.030% 08/15/20280.1%
LifePoint Health Inc10.000% 06/01/20320.1%
Freddie Mac STACR REMIC Trust 2023-DNA28.597% 04/25/20430.1%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.1%
East Ohio Gas Co/The1.300% 06/15/20250.1%
Carmax Auto Owner Trust 2024-35.670% 01/15/20310.1%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.1%
Oglethorpe Power Corp5.950% 11/01/20390.1%
Rain Carbon Inc12.250% 09/01/20290.1%
Minejesa Capital BV4.625% 08/10/20300.1%
GS Mortgage Securities Corp Trust 2023-FUN7.420% 03/15/20280.1%
Crown Castle Inc2.100% 04/01/20310.1%
DaVita Inc4.625% 06/01/20300.1%
Berry Petroleum Co LLC7.000% 02/15/20260.1%
Cloud Software Group Inc6.500% 03/31/20290.1%
AIB Group PLC5.871% 03/28/20350.1%
Capital One Financial Corp5.700% 02/01/20300.1%
Hyundai Capital America5.400% 01/08/20310.1%
Block Inc6.500% 05/15/20320.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
SM Energy Co6.750% 08/01/20290.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
Indika Energy Tbk PT8.750% 05/07/20290.1%
Brazilian Government International Bond6.125% 03/15/20340.1%
Barings CLO Ltd 2024-I9.282% 01/20/20370.1%
Sequoia Mortgage Trust 2024-76.000% 08/25/20540.1%
ACRES Commercial Realty 2021-FL2 Ltd6.843% 01/15/20370.1%
Boeing Co/The6.858% 05/01/20540.1%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.1%
Borr IHC Ltd / Borr Finance LLC10.000% 11/15/20280.1%
Nabors Industries Inc8.875% 08/15/20310.1%
SCF Equipment Leasing 2024-1 LLC9.000% 12/20/20340.1%
GGAM Finance Ltd8.000% 02/15/20270.1%
Morgan Stanley5.297% 04/20/20370.1%
Freedom Mortgage Corp12.250% 10/01/20300.1%
Connecticut Avenue Securities Trust 2023-R037.847% 04/25/20430.1%
AES Corp/The7.600% 01/15/20550.1%
Gray Television Inc5.375% 11/15/20310.1%
Antero Resources Corp5.375% 03/01/20300.1%
BX Commercial Mortgage Trust 2024-XL56.720% 03/15/20410.1%
Champions Financing Inc8.750% 02/15/20290.1%
Kraken Oil & Gas Partners LLC7.625% 08/15/20290.1%
Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.1%
Dornoch Debt Merger Sub Inc6.625% 10/15/20290.1%
Wells Fargo & Co2.188% 04/30/20260.1%
SK Hynix Inc5.500% 01/16/20290.1%
Wells Fargo & Co5.574% 07/25/20290.1%
Broadcom Inc4.150% 04/15/20320.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
Freddie Mac STACR REMIC Trust 2024-DNA26.524% 05/25/20440.1%
Newell Brands Inc6.375% 09/15/20270.1%
Coca-Cola Consolidated Inc5.450% 06/01/20340.1%
Veralto Corp5.450% 09/18/20330.1%
LSB Industries Inc6.250% 10/15/20280.1%
EQM Midstream Partners LP7.500% 06/01/20300.1%
CONE Trust 2024-DFW17.637% 08/15/20260.1%
Occidental Petroleum Corp5.550% 10/01/20340.1%
Regatta XXVIII Funding Ltd7.335% 04/25/20370.1%
US ULTRA BOND CBT Sep240.000% 09/30/20240.1%
M&T Bank Corp5.053% 01/27/20340.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
J.P. Morgan Mortgage Trust 2022-13.000% 07/25/20520.1%
NGL Energy Operating LLC / NGL Energy Finance Corp8.375% 02/15/20320.1%
Brandywine Operating Partnership LP8.875% 04/12/20290.1%
HEICO Corp5.350% 08/01/20330.1%
Jones Deslauriers Insurance Management Inc8.500% 03/15/20300.1%
EMRLD Borrower LP / Emerald Co-Issuer Inc6.750% 07/15/20310.1%
Civitas Resources Inc8.375% 07/01/20280.1%
Global Atlantic Fin Co7.950% 06/15/20330.1%
AMC Networks Inc4.250% 02/15/20290.1%
MTN Commercial Mortgage Trust 2022-LPFL6.726% 03/15/20390.1%
Ford Otomotiv Sanayi AS7.125% 04/25/20290.1%
Goodyear Tire & Rubber Co/The5.000% 07/15/20290.1%
SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.1%
Sisecam UK PLC8.625% 05/02/20320.1%
ATI Inc7.250% 08/15/20300.1%
Macquarie Group Ltd4.654% 03/27/20290.1%
Nigeria Government International Bond6.125% 09/28/20280.1%
WE Soda Investments Holding PLC9.500% 10/06/20280.1%
VZ Secured Financing BV5.000% 01/15/20320.1%
Akbank TAS7.498% 01/20/20300.1%
EMRLD Borrower LP / Emerald Co-Issuer Inc6.625% 12/15/20300.1%
NOVA Chemicals Corp9.000% 02/15/20300.1%
LABL Inc9.500% 11/01/20280.1%
Maxim Crane Works Holdings Capital LLC11.500% 09/01/20280.1%
Elastic NV4.125% 07/15/20290.1%
30-YR GNMA II-TBA PROD SEP4.500% 03/01/20540.1%
30-YR GNMA II-TBA PROD AUG4.500% 03/01/20540.1%
Senegal Government International Bond6.250% 05/23/20330.1%
LifePoint Health Inc9.875% 08/15/20300.1%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.1%
DaVita Inc7.344% 05/09/20310.1%
DRIVEN BRANDS FUNDING LLC3.981% 10/20/20490.1%
Hecla Mining Co7.250% 02/15/20280.1%
BX Commercial Mortgage Trust 2021-XL26.132% 10/15/20380.1%
WR Grace Holdings LLC5.625% 08/15/20290.1%
COMM 2014-CCRE17 Mortgage Trust4.174% 05/10/20470.1%
Freddie Mac Pool5.000% 08/01/20520.1%
AGL CLO 24 Ltd10.785% 07/25/20360.1%
Bombardier Inc7.250% 07/01/20310.1%
Goldman Sachs Group Inc/The2.383% 07/21/20320.1%
Global Atlantic Fin Co7.950% 10/15/20540.1%
Charter Communications Operating LLC7.082% 02/01/20270.1%
Vibrantz Technologies Inc9.000% 02/15/20300.1%
Patterson-UTI Energy Inc7.150% 10/01/20330.1%
Connecticut Avenue Securities Trust 2023-R048.897% 05/25/20430.1%
Stena International SA7.250% 01/15/20310.1%
Southwest Gas Corp4.050% 03/15/20320.1%
Ardonagh Group Finance Ltd8.875% 02/15/20320.1%
Asbury Automotive Group Inc5.000% 02/15/20320.1%
BlueMountain CLO XXXI Ltd6.691% 04/19/20340.1%
RingCentral Inc8.500% 08/15/20300.1%
Macquarie Bank Ltd3.624% 06/03/20300.1%
Egypt Government International Bond7.300% 09/30/20330.1%
RCKT Mortgage Trust 2024-INV16.500% 06/25/20540.1%
Cleveland-Cliffs Inc7.000% 03/15/20320.1%
Signal Peak CLO 8 Ltd6.814% 04/20/20330.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV5.125% 04/30/20310.1%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC7.250% 02/15/20310.1%
Voya CLO 2018-1 Ltd6.841% 04/19/20310.1%
Wells Fargo & Co2.164% 02/11/20260.1%
Six Flags Entertainment Corp7.343% 05/01/20310.1%
EPR Properties4.950% 04/15/20280.1%
Mercer International Inc5.125% 02/01/20290.1%
Citigroup Mortgage Loan Trust 2022-INV13.000% 11/27/20510.1%
PetSmart Inc / PetSmart Finance Corp7.750% 02/15/20290.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Chase Home Lending Mortgage Trust Series 2024-RPL33.250% 09/25/20640.1%
Freddie Mac Pool4.500% 08/01/20520.1%
Fannie Mae Pool2.500% 06/01/20510.1%
Micron Technology Inc5.300% 01/15/20310.1%
Genesis Energy LP / Genesis Energy Finance Corp8.250% 01/15/20290.1%
Deephaven Residential Mortgage Trust 2021-31.194% 08/25/20660.1%
KIND Commercial Mortgage Trust 2024-17.233% 08/15/20290.1%
JB Poindexter & Co Inc8.750% 12/15/20310.1%
Ford Motor Credit Co LLC2.700% 08/10/20260.1%
Avant Loans Funding Trust 2022-REV16.540% 09/15/20310.1%
Freddie Mac STACR REMIC Trust 2022-DNA27.747% 02/25/20420.1%
Fannie Mae Pool5.000% 08/01/20520.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
CPI Holdco B LLC7.344% 05/19/20310.1%
Allied Universal Holdco LLC7.875% 02/15/20310.1%
BSPRT 2022-FL8 Issuer Ltd6.837% 02/15/20370.1%
Duke Energy Indiana LLC5.400% 04/01/20530.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc7.875% 05/01/20270.1%
VIZIENT INC0.000% 07/18/20310.1%
Precision Drilling Corp6.875% 01/15/20290.1%
NatWest Group PLC8.125% 06/30/21730.1%
30-YR GNMA II-TBA PROD AUG6.500% 05/01/20540.1%
Kodiak Gas Services LLC7.250% 02/15/20290.1%
Mill City Mortgage Loan Trust 2021-NMR13.714% 11/25/20600.1%
Baytex Energy Corp8.500% 04/30/20300.1%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.000% 06/01/20290.1%
Connecticut Avenue Securities Trust 2024-R027.147% 02/25/20440.1%
SMRT 2022-MINI6.329% 01/15/20390.1%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd11.000% 04/15/20290.1%
Viasat Inc7.500% 05/30/20310.1%
Fannie Mae Pool2.500% 12/01/20510.1%
Enbridge Inc6.200% 11/15/20300.1%
Connecticut Avenue Securities Trust 2022-R068.097% 05/25/20420.1%
Texas Natural Gas Securitization Finance Corp5.102% 04/01/20350.1%
Fannie Mae Pool2.500% 01/01/20510.1%
Fannie Mae Pool4.000% 06/01/20520.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Eskom Holdings SOC Ltd7.125% 02/11/20250.1%
PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.1%
Bayer Corp/NJ6.650% 02/15/20280.1%
ARZ Trust 2024-BILT5.772% 06/11/20290.1%
NRG Energy Inc3.375% 02/15/20290.1%
Frontier Communications Holdings LLC5.000% 05/01/20280.1%
Bank of New York Mellon Corp/The4.967% 04/26/20340.1%
Connecticut Avenue Securities Trust 2024-R046.997% 05/25/20440.1%
Tenneco Inc8.000% 11/17/20280.1%
Bank of New York Mellon Corp/The4.596% 07/26/20300.1%
GS Mortgage-Backed Securities Trust 2021-PJ22.500% 07/25/20510.1%
CITGO Petroleum Corp8.375% 01/15/20290.1%
Amentum Escrow Corp7.250% 08/01/20320.1%
LBM Acquisition LLC6.250% 01/15/20290.1%
Aretec Group Inc10.000% 08/15/20300.1%
Nexstar Media Inc4.750% 11/01/20280.1%
Fannie Mae Pool3.500% 04/01/20520.1%
Galaxy Xxviii Clo Ltd6.863% 07/15/20310.1%
AthenaHealth Group Inc6.500% 02/15/20300.1%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 10/15/20270.1%
Discover Bank5.974% 08/09/20280.1%
Watco Cos LLC / Watco Finance Corp7.125% 08/01/20320.1%
Royal Caribbean Cruises Ltd7.250% 01/15/20300.1%
J.P. Morgan Mortgage Trust 2021-INV83.000% 05/25/20520.1%
Lendmark Funding Trust 2022-15.120% 07/20/20320.1%
CSC Holdings LLC11.750% 01/31/20290.1%
Santander Consumer Auto Receivables Trust 2021-A5.790% 08/15/20280.1%
Dominion Energy Inc6.875% 02/01/20550.1%
Permian Resources Operating LLC6.250% 02/01/20330.1%
Royal Bank of Canada6.000% 11/01/20270.1%
BNP Paribas SA4.375% 03/01/20330.1%
Connecticut Avenue Securities Trust 2023-R087.847% 10/25/20430.1%
Fannie Mae Pool2.500% 12/01/20510.1%
OneMain Direct Auto Receivables Trust 2019-14.190% 11/14/20280.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
VICI Properties LP6.125% 04/01/20540.1%
Vistra Operations Co LLC5.125% 05/13/20250.1%
Caesars Entertainment Inc4.625% 10/15/20290.1%
Sixth Street CLO XXII Ltd10.282% 04/22/20360.1%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.1%
Blue Owl Finance LLC6.250% 04/18/20340.1%
ROBLOX Corp3.875% 05/01/20300.1%
Freddie Mac Pool5.000% 08/01/20520.1%
Post Road Equipment Finance 2022-14.880% 11/15/20280.1%
Freddie Mac STACR REMIC Trust 2022-HQA17.447% 03/25/20420.1%
HUB International Ltd7.375% 01/31/20320.1%
Aeropuertos Dominicanos Siglo XXI SA7.000% 06/30/20340.1%
NCL Corp Ltd5.875% 02/15/20270.1%
National Fuel Gas Co5.500% 01/15/20260.1%
Altice France SA8.125% 02/01/20270.1%
Morgan Stanley4.210% 04/20/20280.1%
Carlyle Global Market Strategies CLO 2012-3 Ltd6.743% 01/14/20320.1%
Connecticut Avenue Securities Trust 2022-R057.247% 04/25/20420.1%
BP Capital Markets PLC6.450% 09/01/21720.1%
Gates Corp/DE6.875% 07/01/20290.1%
Raising Cane's Restaurants LLC9.375% 05/01/20290.1%
Royal Caribbean Cruises Ltd6.250% 03/15/20320.1%
BankUnited Inc5.125% 06/11/20300.1%
Kinder Morgan Energy Partners LP4.250% 09/01/20240.0%
Carlyle Global Market Strategies CLO 2014-3-R Ltd6.575% 07/27/20310.0%
Pan American Energy LLC/Argentina8.500% 04/30/20320.0%
Triumph Group Inc9.000% 03/15/20280.0%
APi Group DE Inc7.347% 01/03/20290.0%
Sumitomo Mitsui Financial Group Inc6.600% 06/05/21730.0%
Kinross Gold Corp6.250% 07/15/20330.0%
Connecticut Avenue Securities Trust 2019-R059.562% 07/25/20390.0%
Viterra Finance BV3.200% 04/21/20310.0%
Bain Capital CLO 2024-1 Ltd9.136% 04/16/20370.0%
Fannie Mae Pool2.500% 05/01/20520.0%
Ford Credit Auto Lease Trust 2023-A5.540% 12/15/20260.0%
Fluor Corp4.250% 09/15/20280.0%
Amur Equipment Finance Receivables IX LLC2.300% 11/22/20270.0%
CPS Auto Receivables Trust 2020-B7.380% 06/15/20270.0%
Resideo Funding Inc7.331% 02/11/20280.0%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.0%
Bain Capital Credit CLO 2018-26.621% 07/19/20310.0%
Freddie Mac Pool5.000% 07/01/20520.0%
Verus Securitization Trust 2021-81.824% 11/25/20660.0%
Fannie Mae Pool2.500% 12/01/20510.0%
Fannie Mae Pool3.500% 07/01/20450.0%
Fannie Mae Pool3.000% 12/01/20480.0%
Macquarie Group Ltd2.691% 06/23/20320.0%
Romark CLO Ltd7.195% 10/23/20300.0%
Exeter Automobile Receivables Trust 2022-34.860% 12/15/20260.0%
180 Medical Inc3.875% 10/15/20290.0%
Flagship Credit Auto Trust 2019-33.840% 12/15/20260.0%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.0%
Concentra Health Services Inc0.000% 07/28/20310.0%
Carlyle US CLO 2022-6 Ltd10.035% 10/25/20360.0%
Freddie Mac Pool3.500% 02/01/20460.0%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.0%
Fannie Mae Pool4.000% 05/01/20520.0%
BRAVO Residential Funding Trust 2021-NQM20.970% 03/25/20600.0%
Fannie Mae Pool5.000% 07/01/20520.0%
Concentra Escrow Issuer Corp6.875% 07/15/20320.0%
Fannie Mae Pool2.500% 09/01/20510.0%
MCR 2024-TWA Mortgage Trust5.924% 06/12/20390.0%
BlueMountain CLO 2013-2 Ltd6.724% 10/22/20300.0%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.0%
Fannie Mae Pool5.000% 07/01/20520.0%
Fannie Mae Pool2.500% 08/01/20510.0%
Fannie Mae Pool4.000% 05/01/20520.0%
NGPL PipeCo LLC3.250% 07/15/20310.0%
Fannie Mae Pool3.000% 01/01/20510.0%
Freddie Mac STACR REMIC Trust 2021-HQA46.297% 12/25/20410.0%
Protective Life Corp8.450% 10/15/20390.0%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.0%
Bank of America Corp3.384% 04/02/20260.0%
Octane Receivables Trust 2022-25.110% 02/22/20280.0%
Aqua Finance Trust 2021-A1.540% 07/17/20460.0%
Perimeter Master Note Business Trust4.170% 12/15/20260.0%
Assurant Inc2.650% 01/15/20320.0%
Freddie Mac Pool2.500% 11/01/20510.0%
Fannie Mae Pool3.000% 01/01/20520.0%
Baxalta Inc4.000% 06/23/20250.0%
Fannie Mae Pool3.500% 09/01/20510.0%
OneMain Financial Issuance Trust 2020-23.450% 09/14/20350.0%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.0%
US 10yr Ultra Fut Sep240.000% 09/30/20240.0%
TRTX 2019-FL3 Issuer Ltd7.543% 10/15/20340.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.0%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
Verus Securitization Trust 2020-13.417% 01/25/20600.0%
CF Trust 2019-BOSS8.626% 12/15/20240.0%
Tricolor Auto Securitization Trust 2021-13.230% 09/15/20260.0%
SG Commercial Mortgage Securities Trust 2019-787E0.305% 02/15/20410.0%
BBCMS 2019-BWAY Mortgage Trust6.753% 11/15/20340.0%
BBCMS 2019-BWAY Mortgage Trust7.053% 11/15/20340.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
Marlette Funding Trust 2021-31.300% 12/15/20310.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
Government National Mortgage Association2.650% 11/16/20500.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.805% 06/10/20270.0%
FX USD/CAD 08/240.000% 08/09/20240.0%
US 5YR NOTE (CBT) Sep240.000% 10/03/20240.0%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 09/16/2024
$0.45718
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 08/31/2024 $0.05686 $13.08
Daily Daily 07/31/2024 $0.05789 $12.94
Daily Daily 06/30/2024 $0.05666 $12.70
Daily Daily 05/31/2024 $0.05763 $12.64
Daily Daily 04/30/2024 $0.05660 $12.49
Daily Daily 03/31/2024 $0.05774 $12.82
Daily Daily 02/29/2024 $0.05645 $12.74
Daily Daily 01/31/2024 $0.05734 $12.92

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 09/30/2024
Daily Daily 10/31/2024
Daily Daily 11/30/2024
Daily Daily 12/31/2024

Yield

Yield

Dividend Yield as of 09/16/2024  

w/o sales charge 5.13%
w/ sales charge 5.01%

30-Day Standardized Yield as of 08/31/2024  

  Subsidized Un-Subsidized
w/o sales charge 4.85% 4.85%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 09/16/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $13.61
$100,000 to $249,999 1.75% 1.50% $13.54
$250,000 to $499,999 1.25% 1.00% $13.47
Greater than $500,000 0.00% 1.00% $13.30

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 View Full Disclosure

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 (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored 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 singlebank 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 08/31/2024

Fund Gross Expense Ratio 0.65%
Fund Net Expense Ratio 0.65%
Adjusted Expense Ratio -

Expense ratio details, Click here.

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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

                    

1

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.

 

2

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

3

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance. Past performance is no guarantee of future results.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class 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.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, effective 12/1/2021, 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 of the 18-month anniversary of the purchase. Fund shares purchased without a sales charge prior to 12/1/2021 may be assessed 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. 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 U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. 

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

 

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

 

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

 

 

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

 

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

 

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

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

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