LAPLX | Core Plus Bond Fund Class A | Lord Abbett
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Core Plus Bond Fund

Daily price w/o sales charge as of 10/27/2021

$15.42

arrowUp$0.05

YTD Returns w/o sales charge as of 10/27/2021

0.51%

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 10/27/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.44% 2.32%
w/ sales charge 2.39% 2.27%

30-Day Standardized Yield 2 as of 09/30/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.59% 1.58%

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

Expense Ratioas of 09/30/2021

Expense ratio details, Click here.

Fund Basicsas of 09/30/2021

Total Net Assets
$351.30 M
Inception Date
12/08/2015
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
536
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.80%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.47% 2.99% 5.71% 3.79% - 4.45%
Lipper Category Avg. Core Plus Bond Funds -0.67% 1.31% 6.02% 3.64% - -
Bloomberg U.S. Aggregate Bond Index -1.55% -0.90% 5.36% 2.94% - 3.48%
w/ sales charge -1.78% 0.66% 4.90% 3.31% - 4.05%

Fund Expense Ratio :

Gross 0.80%

Net 0.68%

Fund Expense Ratio :

Gross 0.80%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.47% 2.99% 5.71% 3.79% - 4.45%
Lipper Category Avg. Core Plus Bond Funds -0.67% 1.31% 6.02% 3.64% - -
Bloomberg U.S. Aggregate Bond Index -1.55% -0.90% 5.36% 2.94% - 3.48%
w/ sales charge -1.78% 0.66% 4.90% 3.31% - 4.05%

Fund Expense Ratio :

Gross 0.80%

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 for future results.

Type Assets
U.S. Government Related
Investment Grade Corporate
High Yield Corporate
ABS
CMBS
CLO
MBS
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 09/30/2021 View Portfolio

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

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

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

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

Partner & Portfolio Manager

19 Years of Industry Experience

Harris Trifon
Harris Trifon

Managing Director, Portfolio Manager

20 Years of Industry Experience

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

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 10/27/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.44% 2.32%
w/ sales charge 2.39% 2.27%

30-Day Standardized Yield 2 as of 09/30/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.59% 1.58%

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

Fund Expense Ratio :

Gross 0.80%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.47% 2.99% 5.71% 3.79% - 4.45%
Lipper Category Avg. Core Plus Bond Funds -0.67% 1.31% 6.02% 3.64% - -
Bloomberg U.S. Aggregate Bond Index -1.55% -0.90% 5.36% 2.94% - 3.48%
w/ sales charge -1.78% 0.66% 4.90% 3.31% - 4.05%

Fund Expense Ratio :

Gross 0.80%

Net 0.68%

Fund Expense Ratio :

Gross 0.80%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.47% 2.99% 5.71% 3.79% - 4.45%
Lipper Category Avg. Core Plus Bond Funds -0.67% 1.31% 6.02% 3.64% - -
Bloomberg U.S. Aggregate Bond Index -1.55% -0.90% 5.36% 2.94% - 3.48%
w/ sales charge -1.78% 0.66% 4.90% 3.31% - 4.05%

Fund Expense Ratio :

Gross 0.80%

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 for future results.

Portfolio

Portfolio

Rating Assets
U.S. Government Related
Investment Grade Corporate
High Yield Corporate
ABS
CMBS
CLO
MBS
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 09/30/2021

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

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

Portfolio Positioningas of 6/30/2021

  • Over the quarter, we added risk exposure to the portfolio’s bank loan and collateralized loan obligation (CLO) allocations. A reflationary environment, rising rates, and strong flows into each asset class all are strong tailwinds for bank loans and CLOs. Specifically, we found attractive relative value in investment grade bank loans versus investment grade corporate bonds and found attractive risk-adjusted carry in high quality CLOs.
  • We also added to the portfolio’s CMBS allocation. We continue to favor CMBS as a reopening-centric asset class and are finding attractive relative value in BBB-rated single-asset/single-borrower issues versus like-rated corporate bonds.
  • We decreased the portfolio’s risk exposure to both high yield and investment grade corporate bonds as we believe valuations on specific issues are full. Specifically, we sold risk exposure within the portfolio’s energy bond allocation.

Portfolio Details as of 09/30/2021

Total Net Assets
$351.30 M
Number of Issues
536
Average Coupon
2.95%
Average Life
7.28 Years
Average Maturity
7.25 Years
Average Effective Duration
5.82 Years
Average Modified Duration
6.02 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
United States Treasury Note/Bond 1.125% 05/15/2040 6.0%
United States Treasury Note/Bond 0.625% 07/31/2026 5.6%
United States Treasury Note/Bond 0.125% 08/31/2023 4.5%
United States Treasury Note/Bond 0.125% 06/30/2023 4.2%
United States Treasury Note/Bond 1.250% 08/15/2031 3.6%
United States Treasury Note/Bond 2.000% 08/15/2051 3.2%
United States Treasury Bill 0.000% 11/18/2021 1.9%
30-YR UMBS-TBA PROD OCT 3.000% 06/01/2050 1.9%
United States Treasury Note/Bond 2.250% 08/15/2049 0.8%
30-YR UMBS-TBA PROD OCT 2.500% 03/01/2051 0.7%
% of Total Assets 32.4%
Holding Coupon Maturity Assets
United States Treasury Note/Bond0.125% 05/31/20235.5%
United States Treasury Note/Bond0.125% 06/30/20234.5%
United States Treasury Note/Bond1.125% 05/15/20404.0%
United States Treasury Bill0.000% 11/18/20213.6%
United States Treasury Note/Bond2.000% 08/15/20513.3%
United States Treasury Note/Bond0.625% 07/31/20262.3%
30-YR GNMA II-TBA PROD SEP2.500% 11/01/20501.6%
United States Treasury Note/Bond2.250% 08/15/20490.8%
Toyota Auto Receivables 2021-A Owner Trust0.160% 07/17/20230.8%
UBS AG5.125% 05/15/20240.7%
General Motors Financial Co Inc3.600% 06/21/20300.6%
30-YR UMBS-TBA PROD SEP2.500% 11/01/20500.6%
Bank of America Corp3.593% 07/21/20280.6%
Santander Consumer Auto Receivables Trust 2020-B7.030% 08/15/20280.6%
World Omni Auto Receivables Trust 2021-A0.170% 02/15/20240.6%
BAT Capital Corp3.557% 08/15/20270.6%
Ford Credit Auto Lease Trust 2021-A0.190% 07/15/20230.6%
Fannie Mae Pool3.500% 09/01/20470.6%
Carmax Auto Owner Trust 2021-10.220% 02/15/20240.6%
Glencore Funding LLC4.875% 03/12/20290.6%
Mercedes-Benz Auto Lease Trust 2021-A0.180% 03/15/20230.5%
Ally Financial Inc8.000% 11/01/20310.5%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.5%
Diamondback Energy Inc3.500% 12/01/20290.5%
Qatar Government International Bond3.750% 04/16/20300.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
Citigroup Inc3.980% 03/20/20300.5%
Goldman Sachs Group Inc/The2.383% 07/21/20320.4%
Time Warner Cable LLC7.300% 07/01/20380.4%
Boeing Co/The4.875% 05/01/20250.4%
Bayer US Finance II LLC4.250% 12/15/20250.4%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.4%
VMC Finance 2019-FL3 LLC1.193% 09/15/20360.4%
Freeport-McMoRan Inc4.125% 03/01/20280.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
KKR CLO 10 Ltd1.819% 09/15/20290.4%
Anglo American Capital plc4.750% 04/10/20270.4%
CARLYLE US CLO 2021-1 LTD1.331% 04/15/20340.4%
Morgan Stanley4.431% 01/23/20300.4%
Westpac Banking Corp4.322% 11/23/20310.4%
CIFC Funding 2021-I Ltd1.235% 04/25/20330.4%
Citigroup Inc3.887% 01/10/20280.4%
CIM Retail Portfolio Trust 2021-RETL3.846% 08/15/20360.4%
Fannie Mae Pool3.500% 03/01/20500.4%
AerCap Ireland Capital DAC / AerCap Global Aviatio4.875% 01/16/20240.3%
PSEG Power LLC8.625% 04/15/20310.3%
Ford Motor Co7.450% 07/16/20310.3%
Westlake Automobile Receivables Trust 2021-14.310% 09/15/20270.3%
Nvent Finance Sarl4.550% 04/15/20280.3%
Fluor Corp4.250% 09/15/20280.3%
Bank of America Corp2.687% 04/22/20320.3%
General Electric Co3.514% 06/15/21990.3%
Steel Dynamics Inc5.000% 12/15/20260.3%
National Australia Bank Ltd3.933% 08/02/20340.3%
HCA Inc4.125% 06/15/20290.3%
Genesis Sales Finance Master Trust2.240% 09/22/20250.3%
Santander Drive Auto Receivables Trust 2021-10.290% 11/15/20230.3%
Amur Equipment Finance Receivables IX LLC2.300% 11/22/20270.3%
SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.3%
Macquarie Group Ltd2.691% 06/23/20320.3%
JP Morgan Chase Commercial Mortgage Securities Tru2.346% 12/15/20360.3%
CSAIL 2016-C7 Commercial Mortgage Trust4.534% 11/15/20490.3%
Kayne CLO 10 Ltd1.367% 04/23/20340.3%
Occidental Petroleum Corp6.125% 01/01/20310.3%
Egypt Government International Bond6.588% 02/21/20280.3%
NRG Energy Inc4.450% 06/15/20290.3%
MPT Operating Partnership LP / MPT Finance Corp4.625% 08/01/20290.3%
AIB Group PLC4.750% 10/12/20230.3%
Boeing Co/The5.040% 05/01/20270.3%
Bayer US Finance II LLC4.375% 12/15/20280.3%
Skyworks Solutions Inc3.000% 06/01/20310.3%
Dryden XXV Senior Loan Fund3.126% 10/15/20270.3%
Hertz Vehicle Financing III LP1.680% 12/27/20270.3%
Westinghouse Air Brake Technologies Corp4.950% 09/15/20280.3%
ME Funding LLC 2019-16.448% 07/30/20490.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
VMware Inc4.700% 05/15/20300.3%
State of Illinois5.100% 06/01/20330.3%
Niagara Park Clo Ltd1.734% 07/17/20320.3%
Romark CLO Ltd1.788% 10/23/20300.3%
Drive Auto Receivables Trust 2019-14.090% 06/15/20260.3%
Santander Holdings USA Inc4.400% 07/13/20270.3%
Navient Corp6.750% 06/25/20250.3%
American Campus Communities Operating Partnership3.875% 01/30/20310.3%
Puget Energy Inc6.000% 09/01/20210.2%
PulteGroup Inc6.375% 05/15/20330.2%
GS Mortgage Securities Corp Trust 2019-70P1.416% 10/15/20360.2%
CBAM 2017-1 Ltd3.884% 07/20/20300.2%
Perimeter Master Note Business Trust7.060% 05/15/20240.2%
Aviation Capital Group LLC5.500% 12/15/20240.2%
National Fuel Gas Co3.950% 09/15/20270.2%
MEG Energy Corp7.125% 02/01/20270.2%
COMM 2014-UBS4 Mortgage Trust4.869% 08/10/20470.2%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.2%
Dryden 61 Clo Ltd1.124% 01/17/20320.2%
Netflix Inc6.375% 05/15/20290.2%
Kayne CLO 7 Ltd1.334% 04/17/20330.2%
BankUnited Inc5.125% 06/11/20300.2%
Invitation Homes Operating Partnership LP2.000% 08/15/20310.2%
OCP Clo 2019-17 Ltd1.734% 07/20/20320.2%
CF Trust 2019-MF12.950% 08/21/20320.2%
Bank of America Corp3.970% 03/05/20290.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
Ford Credit Floorplan Master Owner Trust A4.060% 11/15/20300.2%
Lendmark Funding Trust 2019-15.340% 12/20/20270.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Credit Suisse Commercial Mortgage Securities Corp1.346% 01/15/20340.2%
Carvana Co5.875% 10/01/20280.2%
Range Resources Corp8.250% 01/15/20290.2%
Ball Corp2.875% 08/15/20300.2%
Kraft Heinz Foods Co4.375% 06/01/20460.2%
Avolon Holdings Funding Ltd2.125% 02/21/20260.2%
Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.2%
Republic of Kenya Government International Bond7.250% 02/28/20280.2%
BFLD 2019-DPLO2.336% 10/15/20340.2%
Fontainebleau Miami Beach Trust 2019-FBLU3.144% 12/10/20360.2%
Microchip Technology Inc4.333% 06/01/20230.2%
NGPL Pipeco LLC3.250% 07/15/20310.2%
Fontainebleau Miami Beach Trust 2019-FBLU3.447% 12/10/20360.2%
FirstEnergy Corp4.400% 07/15/20270.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
Petroleos Mexicanos4.500% 01/23/20260.2%
Becton Dickinson and Co1.206% 06/06/20220.2%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.2%
Playtika Holding Corp2.835% 03/05/20280.2%
Bank of America Corp2.087% 06/14/20290.2%
Delta Air Lines Inc7.000% 05/01/20250.2%
COMM 2015-DC1 Mortgage Trust4.451% 02/10/20480.2%
Aircastle Ltd4.250% 06/15/20260.2%
Eskom Holdings SOC Ltd7.125% 02/11/20250.2%
American Homes 4 Rent LP2.375% 07/15/20310.2%
Flagship Credit Auto Trust 2021-10.310% 06/16/20250.2%
Mariner Finance Issuance Trust 2021-A5.400% 03/20/20360.2%
Xiaomi Best Time International Ltd4.100% 07/14/20510.2%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.2%
Morgan Stanley2.239% 07/21/20320.2%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.2%
Laredo Petroleum Inc9.500% 01/15/20250.2%
Baidu Inc3.075% 04/07/20250.2%
Viper Energy Partners LP5.375% 11/01/20270.2%
United States Steel Corp6.875% 03/01/20290.2%
SA Global Sukuk Ltd2.694% 06/17/20310.2%
SK Hynix Inc2.375% 01/19/20310.2%
Nigeria Government International Bond7.143% 02/23/20300.2%
United Rentals North America Inc3.875% 11/15/20270.2%
TEGNA Inc5.000% 09/15/20290.2%
GrubHub Holdings Inc5.500% 07/01/20270.2%
Altria Group Inc4.800% 02/14/20290.2%
Imperial Brands Finance PLC3.875% 07/26/20290.2%
Match Group Holdings II LLC4.125% 08/01/20300.2%
Regeneron Pharmaceuticals Inc1.750% 09/15/20300.2%
Meituan3.050% 10/28/20300.2%
OneMain Finance Corp5.375% 11/15/20290.2%
Boeing Co/The5.150% 05/01/20300.2%
Murphy Oil USA Inc4.750% 09/15/20290.2%
NVR Inc3.000% 05/15/20300.2%
Discover Bank4.682% 08/09/20280.2%
Avolon Holdings Funding Ltd4.250% 04/15/20260.2%
National Fuel Gas Co5.500% 01/15/20260.2%
Aadvantage Loyalty IP5.500% 03/10/20280.2%
Viterra Finance BV3.200% 04/21/20310.2%
GS Mortgage Securities Corp Trust 2019-SMP1.596% 08/15/20320.2%
HCA Inc5.250% 06/15/20260.2%
M360 2019-CRE2 LLC2.014% 09/15/20340.2%
Universal Health Services Inc5.000% 06/01/20260.2%
Westlake Automobile Receivables Trust 2020-33.340% 06/15/20260.2%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.2%
Great Wolf Trust 2019-WOLF1.130% 12/15/20360.2%
Arbor Realty Collateralized Loan Obligation Ltd2.596% 05/15/20360.2%
Caesars Entertainment Inc8.125% 07/01/20270.2%
Turkiye Ihracat Kredi Bankasi AS5.750% 07/06/20260.2%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.2%
Ammc Clo 19 Ltd2.676% 10/16/20280.2%
Frontier Communications Holdings LLC5.000% 05/01/20280.2%
Signal Peak CLO 4 Ltd3.175% 10/26/20290.2%
Universal Health Services Inc2.650% 10/15/20300.2%
Ammc Clo 19 Ltd1.926% 10/16/20280.2%
NOV Inc3.600% 12/01/20290.2%
Tricolor Auto Securitization Trust 2021-13.230% 09/15/20260.2%
DBWF 2018-GLKS Mortgage Trust1.116% 12/19/20300.2%
Perimeter Master Note Business Trust4.170% 05/15/20240.2%
Wells Fargo Commercial Mortgage Trust4.443% 07/15/20460.2%
Morgan Stanley5.875% 12/31/20990.2%
Extended Stay America Trust 2021-ESH1.796% 07/15/20380.2%
Gulfport Energy Operating Corp8.000% 05/17/20260.2%
Party City Holdings Inc8.750% 02/15/20260.1%
Continental Resources Inc/OK5.750% 01/15/20310.1%
Carnival Corp11.500% 04/01/20230.1%
Westpac Banking Corp2.894% 02/04/20300.1%
BCP Raptor II LLC4.835% 10/22/20250.1%
Oglethorpe Power Corp5.950% 11/01/20390.1%
KIND Trust 2021-KIND2.400% 08/15/20260.1%
Verus Securitization Trust 2020-51.218% 05/25/20650.1%
Avolon Holdings Funding Ltd5.250% 05/15/20240.1%
EPR Properties4.950% 04/15/20280.1%
Murphy Oil Corp5.875% 12/01/20270.1%
Protective Life Corp8.450% 10/15/20390.1%
Foursight Capital Automobile Receivables Trust 2015.560% 01/16/20240.1%
Cemex SAB de CV5.450% 11/19/20290.1%
Flagship Credit Auto Trust 2020-34.980% 12/15/20270.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
Saudi Government International Bond3.625% 03/04/20280.1%
Atrium Hotel Portfolio Trust 2018-ATRM1.046% 06/15/20350.1%
Calpine Corp5.000% 02/01/20310.1%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.1%
Sri Lanka Government International Bond5.875% 07/25/20220.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.625% 03/01/20290.1%
Chesapeake Funding II LLC2.940% 04/15/20310.1%
Glencore Funding LLC2.850% 04/27/20310.1%
Freeport-McMoRan Inc4.250% 03/01/20300.1%
Marble Point CLO XVII Ltd1.434% 04/20/20330.1%
Minerva Luxembourg SA5.875% 01/19/20280.1%
Hasbro Inc3.000% 11/19/20240.1%
United AirLines, Inc.4.500% 04/14/20280.1%
Park Aerospace Holdings Ltd5.500% 02/15/20240.1%
Polaris Newco LLC4.500% 06/03/20280.1%
MHP Lux SA6.250% 09/19/20290.1%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.1%
CPS Auto Receivables Trust 2019-D2.540% 08/15/20240.1%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.1%
Braskem Netherlands Finance BV4.500% 01/31/20300.1%
Qatar Petroleum3.125% 07/12/20410.1%
TRTX 2019-FL3 Issuer Ltd2.189% 10/15/20340.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
National Australia Bank Ltd2.990% 05/21/20310.1%
Oracle Corp2.950% 04/01/20300.1%
CS Master Trust4.042% 04/15/20250.1%
World Financial Network Credit Card Master Trust3.460% 07/15/20250.1%
HCA Inc4.500% 02/15/20270.1%
Jamestown CLO VI-R Ltd1.275% 04/25/20300.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
OCP SA3.750% 06/23/20310.1%
Chemours Co/The5.375% 05/15/20270.1%
Goodman US Finance Three LLC3.700% 03/15/20280.1%
Affinity Gaming6.875% 12/15/20270.1%
COMM 2015-PC1 Mortgage Trust4.463% 07/10/20500.1%
Antofagasta PLC2.375% 10/14/20300.1%
Cleveland-Cliffs Inc4.625% 03/01/20290.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Carvana Auto Receivables Trust 2020-P12.840% 09/08/20270.1%
Southwestern Energy Co7.750% 10/01/20270.1%
CF Trust 2019-MF12.650% 08/21/20320.1%
First American Financial Corp2.400% 08/15/20310.1%
Suzano Austria GmbH3.750% 01/15/20310.1%
CSN Resources SA4.625% 06/10/20310.1%
Legacy LifePoint Health LLC4.375% 02/15/20270.1%
Cikarang Listrindo Tbk PT4.950% 09/14/20260.1%
Neuberger Berman Group LLC / Neuberger Berman Fina4.875% 04/15/20450.1%
Western Alliance Bancorp3.000% 06/15/20310.1%
JPMorgan Chase & Co4.600% 12/31/20990.1%
Lending Funding Trust 2020-26.770% 04/21/20310.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
Starfruit US Holdco LLC2.838% 09/20/20250.1%
Barings CLO Ltd 2018-III3.034% 07/20/20290.1%
Global Payments Inc3.200% 08/15/20290.1%
Owl Rock Capital Corp2.875% 06/11/20280.1%
BBCMS 2019-BWAY Mortgage Trust1.706% 11/15/20340.1%
Assurant Inc3.700% 02/22/20300.1%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.1%
Macquarie Group Ltd4.654% 03/27/20290.1%
Buckeye Partners LP6.375% 01/22/20780.1%
Westpac Banking Corp4.110% 07/24/20340.1%
PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.1%
PFP 2019-6 Ltd2.196% 04/14/20370.1%
Prestige Auto Receivables Trust 2017-13.610% 10/16/20230.1%
Ovintiv Inc6.500% 02/01/20380.1%
TK Elevator US Newco Inc5.250% 07/15/20270.1%
JP Morgan Chase Commercial Mortgage Securities Cor2.746% 09/15/20290.1%
American Airlines Inc11.750% 07/15/20250.1%
JP Morgan Chase Commercial Mortgage Securities Cor3.446% 09/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Cor4.446% 09/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Cor5.446% 09/15/20290.1%
StoneCo Ltd3.950% 06/16/20280.1%
Nordstrom Inc4.375% 04/01/20300.1%
Macquarie Bank Ltd3.624% 06/03/20300.1%
Aviation Capital Group LLC1.950% 01/30/20260.1%
Clear Channel Outdoor Holdings Inc7.750% 04/15/20280.1%
Brazos Delaware II, LLC4.088% 05/21/20250.1%
CF Industries Inc4.950% 06/01/20430.1%
California Resources Corp7.125% 02/01/20260.1%
CPS Auto Receivables Trust 2020-B4.750% 04/15/20260.1%
Rent-A-Center Inc/TX6.375% 02/15/20290.1%
BBCMS 2019-BWAY Mortgage Trust1.052% 11/15/20340.1%
Credit Suisse Mortgage Capital Certificates1.616% 04/25/20650.1%
Bath & Body Works Inc6.625% 10/01/20300.1%
Centene Corp2.625% 08/01/20310.1%
Toll Brothers Finance Corp3.800% 11/01/20290.1%
Levi Strauss & Co3.500% 03/01/20310.1%
British Airways 2020-1 Class A Pass Through Trust4.250% 11/15/20320.1%
Continental Resources Inc/OK3.800% 06/01/20240.1%
Western Midstream Operating LP5.300% 02/01/20300.1%
Tapestry Inc4.125% 07/15/20270.1%
United States Treasury Note/Bond1.250% 08/15/20310.1%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.1%
Med ParentCo LP4.335% 07/31/20260.1%
Kuehg Corp4.750% 02/14/20250.1%
Learning Care Group (US) No. 2 Inc.4.250% 03/13/20250.1%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.1%
Apache Corp4.625% 11/15/20250.1%
HCRX Investments Holdco LP4.500% 08/01/20290.1%
Heartland Dental, LLC4.918% 04/30/20250.1%
Wolverine Escrow LLC8.500% 11/15/20240.1%
Spring Education Group, Inc.4.397% 07/30/20250.1%
Viking Cruises Ltd13.000% 05/15/20250.1%
DaVita Inc3.750% 02/15/20310.1%
Uber Technologies Inc8.000% 11/01/20260.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.396% 06/15/20320.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
Tri Pointe Homes Inc5.250% 06/01/20270.1%
Transocean Guardian Ltd5.875% 01/15/20240.1%
American Axle & Manufacturing Inc6.500% 04/01/20270.1%
Banco Nacional de Comercio Exterior SNC2.720% 08/11/20310.1%
NCL Finance Ltd6.125% 03/15/20280.1%
CIT Group Inc6.125% 03/09/20280.1%
Cvent, Inc.3.835% 11/29/20240.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.1%
LogMeIn Inc5.500% 09/01/20270.1%
Assurant Inc2.650% 01/15/20320.1%
Innovative Chemical Products4.250% 12/01/20230.1%
Garda World Security Corp4.625% 02/15/20270.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Diamondback Energy Inc4.750% 05/31/20250.1%
Encompass Health Corp4.500% 02/01/20280.1%
Centene Corp3.375% 02/15/20300.1%
PG&E Corp5.000% 07/01/20280.1%
Netflix Inc4.875% 06/15/20300.1%
Century Communities Inc6.750% 06/01/20270.1%
United Rentals North America Inc4.000% 07/15/20300.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
Installed Building Products Inc5.750% 02/01/20280.1%
Bausch Health Cos Inc5.250% 01/30/20300.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.750% 10/20/20280.1%
Playa Resorts Holding B.V.3.750% 04/29/20240.1%
Sprint Capital Corp6.875% 11/15/20280.1%
Nationstar Mortgage Holdings Inc5.500% 08/15/20280.1%
WP CPP Holdings, LLC4.750% 04/30/20250.1%
FAGE International SA / FAGE USA Dairy Industry In5.625% 08/15/20260.1%
Drive Auto Receivables Trust 2019-42.840% 11/17/20250.1%
Ally Financial Inc4.700% 08/15/21990.1%
J.P. Morgan Chase Commercial Mortgage Securities T3.392% 06/05/20320.1%
CSC Holdings LLC5.500% 04/15/20270.1%
Twilio Inc3.875% 03/15/20310.1%
Westlake Automobile Receivables Trust 2019-32.410% 10/15/20240.1%
Amern Trailer World Corp4.500% 02/17/20280.1%
NRG Energy Inc5.750% 01/15/20280.1%
American Airlines Group Inc3.750% 03/01/20250.1%
Acadia Healthcare Co Inc5.000% 04/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Cor1.846% 09/15/20290.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.500% 10/20/20250.1%
Zayo Group Holdings Inc4.000% 03/01/20270.1%
Mohegan Gaming & Entertainment8.000% 02/01/20260.1%
IRB Holding Corp7.000% 06/15/20250.1%
Newell Brands Inc5.875% 04/01/20360.1%
Nexstar Media Inc5.625% 07/15/20270.1%
Hawaiian Brand Intellectual Property Ltd / Hawaiia5.750% 01/20/20260.1%
Gap Inc/The8.625% 05/15/20250.1%
Tenneco Inc5.375% 12/15/20240.1%
Yum! Brands Inc7.750% 04/01/20250.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
M360 2019-CRE2 LLC2.414% 09/15/20340.1%
Watco Cos LLC / Watco Finance Corp6.500% 06/15/20270.1%
Bayer Corp6.650% 02/15/20280.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
DISH DBS Corp7.750% 07/01/20260.1%
TransDigm Inc6.375% 06/15/20260.1%
Mountain View CLO 2017-1 LLC1.876% 10/16/20290.1%
KKR CLO 18 Ltd1.834% 07/18/20300.1%
Signal Peak CLO 2 LLC2.984% 04/20/20290.1%
CommScope Inc7.125% 07/01/20280.1%
Temasek Financial I Ltd2.500% 10/06/20700.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Tenet Healthcare Corp6.250% 02/01/20270.1%
Stericycle Inc3.875% 01/15/20290.1%
Carvana Auto Receivables Trust 2021-P12.160% 12/10/20270.1%
Boyd Gaming Corp4.750% 06/15/20310.1%
Foothill-Eastern Transportation Corridor Agency4.094% 01/15/20490.1%
Centene Corp2.450% 07/15/20280.1%
Danske Bank A/S5.375% 01/12/20240.1%
Perusahaan Perseroan Persero PT Perusahaan Listrik4.125% 05/15/20270.1%
Surgery Center Holdings Inc10.000% 04/15/20270.1%
County of Miami-Dade FL2.786% 10/01/20370.1%
MHP Lux SA6.950% 04/03/20260.1%
New Jersey Educational Facilities Authority3.636% 09/01/20290.1%
Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.1%
CF Trust 2019-BOSS4.750% 12/15/20210.1%
VeriSign Inc2.700% 06/15/20310.1%
Cellnex Finance Co SA3.875% 07/07/20410.1%
CS Master Trust4.266% 04/15/20230.1%
Wells Fargo Commercial Mortgage Trust 2017-HSDB0.947% 12/13/20310.1%
Pennsylvania Electric Co3.600% 06/01/20290.1%
Brightsphere Investment Group Inc4.800% 07/27/20260.1%
BB-UBS Trust 2012-SHOW3.430% 11/05/20360.1%
SM Energy Co6.750% 09/15/20260.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
Senegal Government International Bond5.375% 06/08/20370.1%
Hecla Mining Co7.250% 02/15/20280.1%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.1%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
CoStar Group Inc2.800% 07/15/20300.1%
Boyd Gaming Corp4.750% 12/01/20270.1%
Match Group Holdings II LLC5.625% 02/15/20290.1%
CPS Auto Trust4.610% 12/15/20220.1%
Mattel Inc5.450% 11/01/20410.1%
MEG Energy Corp5.875% 02/01/20290.1%
Royal Caribbean Cruises Ltd11.500% 06/01/20250.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.0%
Scientific Games International, Inc.8.250% 03/15/20260.0%
Apache Corp4.375% 10/15/20280.0%
Yamana Gold Inc2.630% 08/15/20310.0%
GS Mortgage Securities Trust 2013-G13.557% 04/10/20310.0%
Tenet Healthcare Corp6.750% 06/15/20230.0%
BX Commercial Mortgage Trust 2019-XL1.546% 10/15/20360.0%
TK Elevator Midco GmbH4.375% 07/15/20270.0%
Westlake Automobile Receivables Trust 2019-13.450% 03/15/20240.0%
Dell International LLC / EMC Corp.6.020% 06/15/20260.0%
SM Energy Co5.625% 06/01/20250.0%
BX Commercial Mortgage Trust 2019-XL1.346% 10/15/20360.0%
Toll Brothers Finance Corp4.350% 02/15/20280.0%
ENI SpA5.700% 10/01/20400.0%
Arbor Realty Collateralized Loan Obligation Ltd3.046% 05/15/20360.0%
Hilton Domestic Operating Co Inc4.875% 01/15/20300.0%
Amsted Industries Inc4.625% 05/15/20300.0%
Ellington Financial Mortgage Trust 2020-21.178% 10/25/20650.0%
CPS Auto Receivables Trust 2019-D2.350% 11/15/20230.0%
Warrior Met Coal Inc8.000% 11/01/20240.0%
GreatAmerica Leasing Receivables Funding LLC Serie3.210% 02/18/20250.0%
Zayo Group Holdings Inc6.125% 03/01/20280.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.0%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.0%
First National Master Note Trust 2018-10.556% 10/15/20240.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
NextGear Floorplan Master Owner Trust4.010% 10/15/20230.0%
BAMLL Commercial Mortgage Securities Trust 2019-AH1.696% 03/15/20340.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
GS Mortgage Securities Corp Trust 2018-RIVR1.046% 07/15/20350.0%
West Town Mall Trust 2017-KNOX3.823% 07/05/20300.0%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.0%
Eni USA Inc7.300% 11/15/20270.0%
BX Commercial Mortgage Trust 2019-XL1.896% 10/15/20360.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
BBCMS 2019-BWAY Mortgage Trust1.406% 11/15/20340.0%
Live Nation Entertainment Inc3.750% 01/15/20280.0%
Ashland LLC6.875% 05/15/20430.0%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.0%
Hardee's Funding LLC5.710% 06/20/20480.0%
Natixis Commercial Mortgage Securities Trust 2019-0.634% 10/15/20360.0%
ACC Trust 2019-14.470% 10/20/20220.0%
OneMain Financial Issuance Trust 2019-13.480% 02/14/20310.0%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
BBCMS 2018-TALL Mortgage Trust2.533% 03/15/20370.0%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.0%
Wells Fargo Commercial Mortgage Trust4.230% 05/15/20480.0%
COMM 2015-PC1 Mortgage Trust4.290% 07/10/20500.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.0%
BX Trust 2018-GW0.896% 05/15/20350.0%
COMM 2015-PC1 Mortgage Trust4.463% 07/10/20500.0%
COMM 2014-UBS6 Mortgage Trust4.349% 12/10/20470.0%
Natixis Commercial Mortgage Securities Trust 2018-3.917% 11/15/20320.0%
Natixis Commercial Mortgage Securities Trust 2018-3.917% 11/15/20320.0%
WFRBS Commercial Mortgage Trust4.448% 03/15/20480.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
WFRBS Commercial Mortgage Trust5.046% 08/15/20450.0%
GS Mortgage Securities Trust 2014-GC264.660% 11/10/20470.0%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.0%
Toll Brothers Finance Corp4.875% 03/15/20270.0%
Surgery Center Holdings Inc6.750% 07/01/20250.0%
BDS 2019-FL3 LTD1.491% 12/15/20350.0%
RETL 2019-RVP2.196% 03/15/20360.0%
SG Commercial Mortgage Securities Trust 2019-787E0.456% 02/15/20410.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.696% 06/15/20320.0%
Motel 6 Trust 2017-MTL63.346% 08/15/20340.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.590% 07/05/20330.0%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.0%
WFRBS Commercial Mortgage Trust3.863% 03/15/20480.0%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
CPS Auto Receivables Trust 2017-C3.790% 06/15/20230.0%
Pennsylvania Higher Education Assistance Agency0.395% 04/25/20380.0%
Neuberger Berman Group LLC / Neuberger Berman Fina4.500% 03/15/20270.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.0%
COMM 2015-PC1 Mortgage Trust4.463% 07/10/20500.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.931% 06/10/20270.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.0%
JPMBB Commercial Mortgage Securities Trust4.408% 07/15/20480.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.020% 11/15/20350.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.290% 07/05/20330.0%
Government National Mortgage Association2.650% 11/16/20500.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.350% 11/15/20350.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.829% 10/15/20450.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
Orange Lake Timeshare Trust 2015-A2.880% 09/08/20270.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
Drive Auto Receivables Trust 2017-13.840% 03/15/20230.0%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.0%
FX USD/EUR 09/210.000% 09/10/20210.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
GS Mortgage Securities Corp Trust 2019-70P0.000% 10/15/20360.0%
GS Mortgage Securities Corp Trust 2019-SMP0.000% 08/15/20320.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
US 10YR NOTE (CBT)DEC210.000% 12/31/20210.0%
US ULTRA BOND CBT DEC210.000% 12/31/20210.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
US LONG BOND(CBT) DEC210.000% 12/31/20210.0%
FX USD/CAD 10/210.000% 10/20/20210.0%
Commercial Mortgage Backed Index Swap0.000% 08/17/20610.0%
CPI Swap0.010% 08/11/20260.0%
CPI Swap0.010% 06/16/20260.0%
CPI Swap0.010% 06/16/20260.0%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 10/27/2021
$0.321
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 09/30/2021 $0.03139 $15.44
Daily Daily 08/31/2021 $0.03264 $15.59
Daily Daily 07/31/2021 $0.03115 $15.63
Daily Daily 06/30/2021 $0.03586 $15.52
Daily Daily 05/31/2021 $0.03812 $15.40
Daily Daily 04/30/2021 $0.03994 $15.37
Daily Daily 03/31/2021 $0.03879 $15.25
Daily Daily 02/28/2021 $0.03686 $15.43
Daily Daily 01/31/2021 $0.03657 $15.62

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Yield

Yield

Dividend Yield as of 10/27/2021  

  Subsidized Un-Subsidized
w/o sales charge 2.44% 2.32%
w/ sales charge 2.39% 2.27%

30-Day Standardized Yield as of 09/30/2021  

Subsidized Un-Subsidized
1.59% 1.58%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 10/27/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $15.77
$100,000 to $249,999 1.75% 1.50% $15.69
$250,000 to $499,999 1.25% 1.00% $15.62
$500,000 to $999,999 0.00% 1.00% $15.42
$1,000,000 to $5,000,000 0.00% 1.00% $15.42

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 (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 09/30/2021

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

Source: Barron’s, “Barron’s Best Fund Families of 2020,” February 20, 2021. Barron’s rankings are based on asset weighted returns in funds in five categories: general equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2020, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well.

Barron's Fund Family Rankings are awarded annually.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2021. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

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

                    

1

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

 

2

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

 

3

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

 

4

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

 

5

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

 

6

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

 

IMPORTANT INFORMATION

 

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

 

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

 

 

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

 

Class 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 Barclays U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. 

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

 

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

 

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

 

 

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

 

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

 

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

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

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